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 04-01-2013 , and ending 03-31-2014
Name of foundation
BANCROFT CLAIR FOUNDATION
C/O TEXAS SARATOGA MANAGEMENT LLC

Number and street (or P.O. box number if mail is not delivered to street address)2600 TENTH STREET STE 402   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BERKELEY, CA94710
A Employer identification number

94-3269107
B Telephone number (see instructions)

(510) 982-5558
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$10,323,689J 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) 0
2 Check bullet
3 Interest on savings and temporary cash investments 56,280 56,280  
4 Dividends and interest from securities...... 185,092 185,092  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 582,608
b Gross sales price for all assets on line 6a 2,274,154
7 Capital gain net income (from Part IV, line 2)... 624,624
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........ 823,980 865,996  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 450 450   0
b Accounting fees (attach schedule)....... Click to see attachment 7,563 6,000   1,513
c Other professional fees (attach schedule).... Click to see attachment 81,154 81,154   0
17 Interest............... 10,501 10,501   0
18 Taxes (attach schedule) (see instructions) Click to see attachment 2,177 2,177   0
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 232,136 191,336   40,800
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 333,981 291,618   42,313
25 Contributions, gifts, grants paid........ 430,000 430,000
26 Total expenses and disbursements. Add lines 24 and 25 763,981 291,618   472,313
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 59,999
b Net investment income (if negative, enter -0-) 574,378
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............... 59,686 14,239 14,239
2 Savings and temporary cash investments.......... 660,334 254,985 254,985
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)      
b Investments—corporate stock (attach schedule)........ 4,609,771 Click to see attachment4,557,923 6,255,577
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,829,313 Click to see attachment3,391,956 3,798,888
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,041 Click to see attachment5,041 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,164,145 8,224,144 10,323,689
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 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......... 9,123,054 9,123,054
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -958,909 -898,910
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,164,145 8,224,144
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,164,145 8,224,144
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 8,164,145
2 Enter amount from Part I, line 27a..................... 2 59,999
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 8,224,144
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 8,224,144
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 FROM FALCON POINT LONG/SHORT P    
b FROM FALCON POINT LONG/SHORT P    
c FROM FALCON POINT LONG/SHORT P    
d FROM FALCON POINT LONG/SHORT P    
e FROM WHITNEY PARTNERS (EIN 94-3071866) P    
FROM WHITNEY PARTNERS (EIN 94-3071866) P    
FROM FALCON POINT HIGH YIELD P    
FROM FALCON POINT HIGH YIELD P    
FROM FALCON POINT HIGH YIELD P    
FROM FALCON POINT HIGH YIELD P    
FROM EQT MIDSTREAM P    
FROM AMERIGAS P    
PUBLICLY TRADED SECURITIES D    
PUBLICLY TRADED SECURITIES P    
CAPITAL GAINS DIVIDENDS P    
(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     18,492 -18,492
b 41,395     41,395
c     426 -426
d     284 -284
e 899     899
8,978     8,978
    52,820 -52,820
86,672     86,672
    20,311 -20,311
    13,541 -13,541
    47 -47
39     39
307,559   19,560 287,999
1,806,005   1,524,049 281,956
22,607     22,607
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       -18,492
b       41,395
c       -426
d       -284
e       899
      8,978
      -52,820
      86,672
      -20,311
      -13,541
      -47
      39
      287,999
      281,956
      22,607
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 2 624,624
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  
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 422,610 9,175,827 0.046057
2011 439,514 9,209,140 0.047726
2010 329,047 8,396,190 0.039190
2009 418,716 7,319,984 0.057202
2008 430,665 7,447,922 0.057824
2 Total of line 1, column (d) ...................... 2 0.247999
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 0.049600
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 10,024,663
5 Multiply line 4 by line 3....................... 5 497,223
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,744
7 Add lines 5 and 6......................... 7 502,967
8 Enter qualifying distributions from Part XII, line 4.............. 8 472,313
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 11,488
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 0
3 Add lines 1 and 2............................ 3 11,488
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 11,488
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 11,926
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 11,926
8 Enter any penalty for underpayment of estimated tax. 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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 438
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet438 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletCA
    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 .
    8b
    Yes
     
    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 addressbulletN/A
    14
    The books are in care ofbulletTEXAS SARATOGA MANAGEMENT LLC Telephone no.bullet (510) 982-5558
    Located atbullet2600 TENTH STREET STE 402BERKELEYCA ZIP+4bullet94710
    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
     
     
    .........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
     
    No
    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
    JAMES R BANCROFT TRUSTEE
    5.00     		0 0 0
    2600 TENTH STREET STE 402
    BERKELEY,CA94710
    JOHN R BANCROFT TRUSTEE
    1.00     		0 0 0
    2600 TENTH STREET STE 402
    BERKELEY,CA94710
    PAUL M BANCROFT TRUSTEE
    5.00     		0 0 0
    2600 TENTH STREET STE 402
    BERKELEY,CA94710
    SARA B CLAIR TRUSTEE
    1.00     		0 0 0
    2600 TENTH STREET STE 402
    BERKELEY,CA94710
    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 0
    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.............bullet0
    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  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    501,233
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    11,488
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,488
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    489,745
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    489,745
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    489,745
    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 7 489,745
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 428,636
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 472,313
    a Applied to 2012, but not more than line 2a 428,636
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 43,677
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 0 0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		446,068
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    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).)
    JAMES R BANCROFT
    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:
    JAMES R BANCROFT
    2600 TENTH STREET STE 402
    BERKELEY,CA94710
    (510) 982-5559
    bThe form in which applications should be submitted and information and materials they should include:
    THE FOUNDATION IS BEING LIQUIDATED AND ITS ASSETS TRANSFERRED TO ANOTHER FOUNDATION EFFECTIVE DECEMBER 31, 2014. ALL FUTURE GRANTS HAVE ALREADY BEEN ALLOCATED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS MADE TO SEC 501(C)(3) PUBLIC NONPROFIT ORGANIZATIONS ONLY
    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
    AOPA FOUNDATION
    421 AVIATION WAY
    FREDERICK,MD21701     		NONE PUBLIC GENERAL FUND 3,000
    ASIAN ART MUSEUM
    200 LARKIN STREET
    SAN FRANCISCO,CA94108     		NONE PUBLIC GENERAL FUND 1,000
    AUSTIN SYMPHONY ORCHESTRA SOCIETY
    1101 RED RIVER
    AUSTIN,TX78701     		NONE PUBLIC GENERAL FUND 10,000
    BALLET AUSTIN
    501 WEST 3RD STREET
    AUSTIN,TX78701     		NONE PUBLIC GENERAL FUND 10,000
    BANCROFT LIBRARY
    C/O UNIVERSITY OF CALIFORNIA
    BERKELEY,CA94770     		NONE PUBLIC GENERAL FUND 1,000
    BELLARMINE PREP SCHOOL
    2300 SOUTH WASHINGTON
    TACOMA,WA98405     		NONE PUBLIC CHRISTOPHER CLIFFORD FUND 500
    BELLARMINE PREP SCHOOL
    2300 SOUTH WASHINGTON
    TACOMA,WA98405     		NONE PUBLIC MARTHA PARENT FUND 500
    BELLARMINE PREP SCHOOL
    2300 SOUTH WASHINGTON
    TACOMA,WA98405     		NONE PUBLIC FRED MAYOVSKI FUND 500
    BELLARMINE PREP SCHOOL
    2300 SOUTH WASHINGTON
    TACOMA,WA98405     		NONE PUBLIC JENNY PHILLIPS FUND 500
    BELLARMINE PREP SCHOOL
    2300 SOUTH WASHINGTON
    TACOMA,WA98405     		NONE PUBLIC ROBOTICS TEAM 500
    BLIND BABIES FOUNDATION
    1814 FRANKLIN STREET STE 300
    OAKLAND,CA94612     		NONE PUBLIC GENERAL FUND 3,000
    BOY SCOUTS OF AMERICA
    1325 W WALNUT HILL LANE
    IRVING,TX75015     		NONE PUBLIC GENERAL FUND 500
    CALIFORNIA ACADEMY OF SCIENCES
    55 CONCOURSE DE GOLDEN GATE PARK
    SAN FRANCISCO,CA94118     		NONE PUBLIC GENERAL FUND 2,500
    CALIFORNIA TROUT
    360 PINE STREET 4TH FL
    SAN FRANCISCO,CA94102     		NONE PUBLIC GENERAL FUND 1,000
    CANARY FOUNDATION
    1501 SOUTH CALIFORNIA AVE 250
    PALO ALTO,CA94304     		NONE PUBLIC GENERAL FUND 1,000
    CANOPY TREE FOR PALO ALTO
    3921 EAST BAYSHORE ROAD
    PALO ALTO,CA94303     		NONE PUBLIC GENERAL FUND 2,000
    CHAMBERS CREEK FOUNDATION
    9850 64TH STREET WEST
    UNIVERSITY PLACE,WA98467     		NONE PUBLIC BENCHES 500
    CHRISTIAN LEGAL SOCIETY
    PO BOX 98000
    WASHINGTON,DC20090     		NONE PUBLIC GENERAL FUND 17,000
    CONFECTIONERY FOUNDATION
    1101 3OTH ST NW
    WASHINGTON,DC20007     		NONE PUBLIC GENERAL FUND 2,000
    CRIMINAL JUSTICE LEGAL FUND
    PO BOX 1199
    SACRAMENTO,CA95812     		NONE PUBLIC GNERAL FUND 1,000
    CULINARY INSTITUTE OF AMERICA
    2555 MAIN STREET
    ST HELENA,CA94574     		NONE PUBLIC GENERAL FUND 500
    DAWN REDWOODS TRUST
    ONE BLACKFIELD DRIVE SUITE 331
    TIBURON,CA94920     		NONE PUBLIC GENERAL FUND 1,000
    EQUALITY NOW
    PO BOX 20646
    NEW YORK,NY10023     		NONE PUBLIC GENERAL FUND 2,000
    FINE ARTS MUSEUM OF SAN FRANCISCO
    50 HAGIWARA TEA GARDEN DR
    SAN FRANCISCO,CA94118     		NONE PUBLIC GENERAL FUND 1,500
    FIRST FINANCE
    200 BEDFORD STREET
    MANCHESTER,NH03101     		NONE PUBLIC GENERAL FUND 1,000
    FOCUSING PHILANTRHOPY INC
    11693 SAN VICENTE BLVD 255
    LOS ANGELES,CA90049     		NONE PUBLIC SEVA EYE PROJECT 9,000
    FORTERRA
    901 5TH AVENUE STE 2200
    SEATTLE,WA98164     		NONE PUBLIC GENERAL FUND 500
    GIRLS WRITE NOW
    247 WEST 37TH STREET SUITE 1800
    NEW YORK,NY10018     		NONE PUBLIC DIGITIAL MEDIA PROGRAM 2,000
    GREATER METRO PARKS FOUNDATION
    4702 SOUTH 19TH STREET
    TACOMA,WA98405     		NONE PUBLIC GENERAL FUND 1,000
    GREATER TACOMA COMMUNITY FOUNDATION
    950 PACIFIC AVE STE 1100
    TACOMA,WA98402     		NONE PUBLIC FUTURE 30 FUND; A BETTER TACOMA WATERFRONT FUND 13,500
    HASTINGS 1066 FOUNDATION
    200 MCALLISTER ST
    SAN FRANCISCO,CA94102     		NONE PUBLIC GENERAL FUND 1,000
    HOOVER INSTITUTION FUND
    434 GALVEZ MALL HHMB 308
    STANFORD,CA94305     		NONE PUBLIC GENERAL FUND 2,500
    HUNTINGTON LIBRARY
    1151 OXFORD AVE
    SAN MARINO,CA91108     		NONE PUBLIC GENERAL FUND 1,000
    INSTITUTE OF WORLD POLITICS
    1521 16TH ST NW
    WASHINGTON,DC20036     		NONE PUBLIC GENERAL FUND 3,000
    JIMMY DOOLITTLE AIR & SPACE MUSEUM FOUNDATION
    PO BOX 1565
    TRAVIS AFB,CA94535     		NONE PUBLIC GENERAL FUND 1,000
    MUSCULAR DYSTROPHY ASSOCIATION
    PO BOX 97075
    WASHINGTON,DC20077     		NONE PUBLIC SUMMER CAMP PROGRAM 2,000
    PACIFIC LEGAL FOUNDATION
    3900 LENNANE DRIVE STE 200
    SACRAMENTO,CA95834     		NONE PUBLIC GENERAL FUND 1,000
    PACIFIC RESEARCH INSTITUTE
    ONE EMBARCADERO CENTER STE 350
    SAN FRANCISCO,CA94111     		NONE PUBLIC GENERAL FUND 1,000
    PATHWAYS HOSPICE FOUNDATION
    585 N MARY AVENUE
    SUNNYVALE,CA94085     		NONE PUBLIC GENERAL FUND 500
    PEACEMAKER MINISTRIES
    PO BOX 81130
    BILLINGS,MT59108     		NONE PUBLIC GENERAL FUND 16,000
    PIEDMONT COMMUNITY CHURCH
    400 HIGHLANDS AVE
    PIEDMONT,CA94611     		NONE PUBLIC SPRING MUSIC PROGRAM 2014 5,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA
    434 WEST 33RD STREET
    NEW YORK,NY10001     		NONE PUBLIC GENERAL FUND 4,000
    SAN FRANCISCO OPERA
    301 VAN NESS AVENUE
    SAN FRANCISCO,CA94102     		NONE PUBLIC GENERAL FUND 7,500
    SAN FRANCISCO SYMPHONY
    201 VAN NESS AVENUE
    SAN FRANCISCO,CA94107     		NONE PUBLIC MATCHING GRANT 1,000
    SARATOGA MUSIC BOOSTERS
    20300 HERRIMAN AVENUE
    SARATOGA,CA95070     		NONE PUBLIC GENERAL FUND 2,000
    SF JAZZ ORGANIZATION
    201 FRANKLIN ST
    SAN FRANCISCO,CA94102     		NONE PUBLIC GENERAL FUND 2,000
    SING FOR AMERICA FOUNDATION
    C/O E STRATMANN 624 TAYLOR ST
    SAN FRANCISCO,CA94102     		NONE PUBLIC GENERAL FUND 1,000
    SONOMA STATE UNIVERSITY ACADEMIC FOUNDATION
    1801 EAST COTATI AVENUE
    RHOMERT PARK,CA94928     		NONE PUBLIC WINE BUSINESS PROGRAM 500
    STANFORD UNIVERSITY
    326 GALVEZ ST
    STANFORD,CA94305     		NONE PUBLIC GRADUATE SCHOOL OF BUSINESS 35,000
    STANFORD UNIVERSITY
    326 GALVEZ ST
    STANFORD,CA94305     		NONE PUBLIC CANTOR ARTS CENTER 1,000
    STANFORD UNIVERSITY
    326 GALVEZ STREET
    STANFORD,CA94305     		NONE PUBLIC STEPHEN J GLOCKMAN FUND #HAFSM 5,000
    TACOMA ART MUSEUM
    1701 PACIFIC AVE
    TACOMA,WA98402     		NONE PUBLIC HAUB FAMILY WESTERN ART CAMPAIGN 1,000
    THE CRPA FOUNDATION
    271 IMPERIAL HIGHWAY SUITE 620
    FULLERTON,CA92835     		NONE PUBLIC GENERAL FUND 1,000
    THE INSTITUTE FOR ETHNOMEDICINE
    240 EAST DELONEY AVENUE BOX 3464
    JACKSON HOLE,WY83001     		NONE PUBLIC GENERAL FUND 1,000
    UNIV OF SOUTHERN CALIFORNIA
    UNIVERSITY PARK
    LOS ANGELES,CA90089     		NONE PUBLIC NEIGHBORHOOD ACADEMIC INITIATIVE 1,000
    UNIV OF SOUTHERN CALIFORNIA
    UNIVERSITY PARK
    LOS ANGELES,CA90089     		NONE PUBLIC KDFC RADIO 2,000
    UNIV OF SOUTHERN CALIFORNIA
    UNIVERSITY PARK
    LOS ANGELES,CA90089     		NONE PUBLIC INSTITUTE FOR CATHOLIC STUDIES 1,000
    UNIV OF SOUTHERN CALIFORNIA
    UNIVERSITY PARK
    LOS ANGELES,CA90089     		NONE PUBLIC SCHOOL OF THEATRE 1,000
    UNIV OF SOUTHERN CALIFORNIA
    UNIVERSITY PARK
    LOS ANGELES,CA90089     		NONE PUBLIC ANNENBERG HALL 180,000
    UNIVERSITY OF CALIFORNIA BERKELEY
    545 STUDENT SERVICES BDG STE 1900
    BERKELEY,CA94720     		NONE PUBLIC WALTER HAAS SCHOOL OF BUSINESS 25,000
    UNIVERSITY OF CALIFORNIA DAVIS
    ONE SHIELDS HAVENUE
    DAVIS,CA95618     		NONE PUBLIC ROBERT MONDAVI INSTITUTE 1,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO
    PO BOX 0248
    SAN FRANCISCO,CA94143     		NONE PUBLIC DEPARTMENT OF UROLOGY 1,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO
    PO BOX 0248
    SAN FRANCISCO,CA94143     		NONE PUBLIC CARDIOLOGY DEPARTMENT 2,500
    UNIVERSITY OF WASHINGTON TACOMA
    1900 COMMERCE STREET
    TACOMA,WA98402     		NONE PUBLIC FRIEDMAN SCHOLARSHIP / URBAN STUDIES 2,000
    VASCULAR CURES
    555 PRICE AVENUE STE 180
    REDWOOD CITY,CA94063     		NONE PUBLIC MADDEN ENDOWMENT 25,000
    WORLD COCOA FOUNDATION
    1411 K STREET NW STE 502
    WASHINGTON,DC20005     		NONE PUBLIC GENERAL FUND 2,500
    Total .................................bullet 3a 430,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 56,280  
    4 Dividends and interest from securities....     14 185,092  
    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 .............     		    18 582,608  
    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).. 0 823,980 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13823,980
    (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:
    BANCROFT CLAIR FOUNDATION
    C/O TEXAS SARATOGA MANAGEMENT LLC
    EIN: 94-3269107
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WAYNE CHAN, CPA 7,563 6,000   1,513

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    BANCROFT CLAIR FOUNDATION
    C/O TEXAS SARATOGA MANAGEMENT LLC
    EIN: 94-3269107
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BARCLAYS ACCOUNT (MARKETABLE SECURITIES) 212,607 704,350
    D.A. DAVISON ACCOUNT (MARKETABLE SECURITIES) 344,684 427,536
    DODGE & COX BALANCED FUND 922,627 1,216,125
    DODGE & COX STOCK FUND 283,749 361,523
    NEEDHAM GROWTH FUND 279,371 421,679
    NEEDHAM SMALL CAP GROWTH FD 100,000 92,239
    SANFORD BERSTEIN ACCOUNT (MARKETABLE SECURITIES) 1,101,884 1,271,070
    UBS SECURITIES ACCOUNT (MARKETABLE SECURITIES) 1,313,001 1,761,055

    TY 2013 InvestmentsOtherSchedule2
    Name:
    BANCROFT CLAIR FOUNDATION
    C/O TEXAS SARATOGA MANAGEMENT LLC
    EIN: 94-3269107
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERIGAS PARTNERS AT COST 17,870 21,125
    ARCAS AT COST 533,268 634,062
    EQT MIDSTREAM PARTNERS AT COST 858 0
    FALCON POINT HIGH YIELD FUND AT COST 1,701,365 1,986,036
    FALCON POINT LONG/SHORT FUND AT COST 516,099 591,823
    UBS SECURITIES ACCOUNT (MARKETABLE SECURITIES) AT COST 50,579 63,199
    WHITNEY PARTNERS AT COST 571,917 502,643

    TY 2013 LegalFeesSchedule
    Name:
    BANCROFT CLAIR FOUNDATION
    C/O TEXAS SARATOGA MANAGEMENT LLC
    EIN: 94-3269107
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY FEES 450 450   0


    TY 2013 OtherAssetsSchedule
    Name:
    BANCROFT CLAIR FOUNDATION
    C/O TEXAS SARATOGA MANAGEMENT LLC
    EIN: 94-3269107
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ORGANIZATION COSTS 5,041 5,041  


    TY 2013 OtherExpensesSchedule
    Name:
    BANCROFT CLAIR FOUNDATION
    C/O TEXAS SARATOGA MANAGEMENT LLC
    EIN: 94-3269107
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REGISTRATION FEES 10 10   0
    SECRETARIAL AND OFFICE EXPENSES 204,000 163,200   40,800
    BOOKKEEPING 733 733   0
    BANK CHARGES 92 92   0
    ASSOCIATION DUES 725 725   0
    OTHER 140 140   0
    REORGANIZATION EXPENSES 16,218 16,218   0
    PASSTHROUGH FROM PARTNERSHIPS 10,218 10,218   0


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    BANCROFT CLAIR FOUNDATION
    C/O TEXAS SARATOGA MANAGEMENT LLC
    EIN: 94-3269107
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FROM FALCON POINT HIGH YIELD FUND (EIN 94-3096576) 38,752 38,752   0
    D. A. DAVIDSON 7,948 7,948   0
    FISHER INVESTMENTS 20,102 20,102   0
    SANFORD BERSTEIN 4,149 4,149   0
    FROM WHITNEY PARTNERS (EIN 94-3071866) 10,203 10,203   0


    TY 2013 TaxesSchedule
    Name:
    BANCROFT CLAIR FOUNDATION
    C/O TEXAS SARATOGA MANAGEMENT LLC
    EIN: 94-3269107
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD ON DIVIDENDS 2,177 2,177   0