TY 2013 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do 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.
bullet

Information 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
GALLAGHER FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)15 WHITE HILL ROAD Room/suite

City or town, state or province, country, and ZIP or foreign postal code
COLD SPRING HARBOR, NY11724

A Employer identification number

11-2834532

B Telephone number (see instructions)

(212) 576-1400

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$198,061J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	117		117
4	Dividends and interest from securities......	2,488		2,488
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		17,262
b	Gross sales price for all assets on line 6a 114,587
7	Capital gain net income (from Part IV, line 2)...			17,262
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........	19,867		19,867
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).........
b	Accounting fees (attach schedule).......		4,000	2,000	2,000
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		185	93	92
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	4,185		2,093	2,092
25	Contributions, gifts, grants paid........	40,125			40,125
26	Total expenses and disbursements. Add lines 24 and 25	44,310		2,093	42,217
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-24,443
b	Net investment income (if negative, enter -0-)			17,774
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
Part II		Balance Sheets		(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........		218,300	44,272	44,272
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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)........
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........		0	152,585	153,599
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )		3,190	190	190
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)		221,490	197,047	198,061
		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 )
23		Total liabilities (add lines 17 through 22)..........		0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........		0	0
	28	Paid-in or capital surplus, or land, bldg., and equipment fund		356,289	0
	29	Retained earnings, accumulated income, endowment, or other funds		-134,799	197,047
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		221,490	197,047
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		221,490	197,047

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	221,490
2	Enter amount from Part I, line 27a.....................	2	-24,443
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	197,047
5	Decreases not included in line 2 (itemize)	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	197,047

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	100 SHRS USA COMPRESSION PARTNERS LP	P	2013-01-15	2013-01-15
b	50 SHRS NORWEGIAN CRUISE LINE HLDG LTD	P	2013-01-18	2013-01-18
c	100 SHRS SUNCOKE ENERGY PARTNERS LP	P	2013-01-18	2013-01-18
d	50 SHRS BRIGHT HORIZONS FAMILY SOL	P	2013-01-25	2013-01-25
e	50 SHRS ZOETIS INC	P	2013-01-31	2013-02-01
	100 SHRS BOISE CASCADE	P	2013-02-05	2013-02-06
	25 SHRS ARTISAN PARTNERS MGMT LP	P	2013-03-07	2013-03-07
	25 SHRS SILVER SPRING NETWORK INC	P	2013-03-13	2013-03-14
	100 SHRS AVIV REIT INC MD	P	2013-03-20	2013-03-21
	25 SHRS MARIN SOFTWARE	P	2013-03-22	2013-03-22
	100 SHRS WEST CORPORATION CMN	P	2013-03-22	2013-03-22
	100 SHRS PINNACLE FOODS INC	P	2013-03-28	2013-03-28
	100 SHRS TAYLOR MORRISON HOME CORP	P	2013-04-10	2013-04-10
	100 SHRS EVERTEC INC	P	2013-04-12	2013-04-12
	100 SHRS TAMINCO CORP	P	2013-04-18	2013-04-18
	100 SHRS BLACKHAWK NETWORK HOLDINGS INC	P	2013-04-19	2013-04-19
	50 SHRS SEAWORLD ENTERTAINMENT INC	P	2013-04-19	2013-04-19
	25 SHRS CYAN INC	P	2013-05-09	2013-05-09
	50 SHRS PENNYMAC FINL SERVICES INC	P	2013-05-09	2013-05-09
	50 SHRS QUINTILES TRANSNATIONAL HOLDINGS INC	P	2013-05-09	2013-05-09
	50 SHRS MARKETO INC	P	2013-05-17	2013-05-17
	50 SHRS TABLEAU SOFTWARE INC	P	2013-05-17	2013-05-17
	50 SHRS CHANNEL ADVISOR CORP	P	2013-05-23	2013-05-23
	200 SHRS CONSTELLIUM HOLDCO B V	P	2013-05-23	2013-05-23
	100 SHRS GLOBAL BRASS AND COPPER HOLDING	P	2013-05-23	2013-05-23
	50 SHRS PLY GEM HOLDINGS INC	P	2013-05-23	2013-05-23
	50 SHRS GIGAMON INC	P	2013-06-12	2013-06-13
	50 SHRS HD SUPPLY HOLDINGS INC	P	2013-06-26	2013-06-27
	200 SHRS CDW CORP	P	2013-06-27	2013-06-27
	100 SHRS NRG YIELD INC	P	2013-07-16	2013-07-17
	100 SHRS RETAILMENOT, INC	P	2013-07-18	2013-07-19
	50 SHRS AGIOS PHARMACEUTICALS	P	2013-07-24	2013-07-24
	500 SHRS AMERICAN HOMES 4 RENT	P	2013-08-01	2013-08-01
	100 SHRS SPROUTS FMRS MKT INC	P	2013-08-01	2013-08-01
	100 SHRS ATHLON ENERGY INC	P	2013-08-02	2013-08-02
	50 SHRS CVENT INC	P	2013-08-08	2013-08-09
	25 SHRS FRANKS INTERNATIONAL N V CMN	P	2013-08-09	2013-08-09
	100 SHRS QEP MIDSTREAM PARTNERS	P	2013-08-08	2013-08-09
	100 SHRS STOCK BUILDING SUPPLY	P	2013-08-09	2013-08-09
	100 SHRS ENVISION HEALTHCARE HOLDING	P	2013-08-14	2013-08-14
	100 SHRS OCI RESOURCES LP	P	2013-09-13	2013-09-17
	50 SHRS BENEFITFOCUS INC	P	2013-09-18	2013-09-18
	50 SHRS FIREEYE, INC	P	2013-09-19	2013-09-20
	50 SHRS FOUNDATION MEDICINE INC	P	2013-09-25	2013-09-25
	50 SHRS RINGCENTRAL, INC	P	2013-09-27	2013-09-27
	50 SHRS BURLINGTON STORES INC	P	2013-10-01	2013-10-02
	100 SHRS EMPIRE STATE REALTY TRUST INC	P	2013-10-02	2013-10-02
	25 SHRS POTBELLY CORP	P	2013-10-03	2013-10-04
	100 SHRS COMMSCOPE HLGD CO INC	P	2013-10-25	2013-10-25
	100 SHRS ENDURANCE INTERNATIONAL GROUP	P	2013-10-25	2013-10-25
	25 SHRS SURGICAL CARE AFFILIATES	P	2013-10-30	2013-10-30
	50 SHRS ESSENT GROUP LTD	P	2013-10-31	2013-10-31
	100 SHRS ARTISAN PARTNERS ASSET MGMT	P	2013-11-01	2013-11-01
	25 QUNAR CAYMAN ISLANDS LTD	P	2013-11-01	2013-11-01
	50 SHRS TWITTER INC	P	2013-11-07	2013-11-07
	50 SHRS EXTENDED STAY AMERICA INC	P	2013-11-13	2013-11-14
	100 SHRS HOUGHTON MIFFLIN HARCOURT CO	P	2013-11-13	2013-11-14
	50 SHRS ZULILY INC	P	2013-11-15	2013-11-15
	100 SHRS VINCE HLDG CORP	P	2013-11-22	2013-11-22
	25 SHRS AUTOHOME INC ADR CMN	P	2013-12-11	2013-12-11
	100 SHRS ARAMARK HOLDINGS CORP	P	2013-12-12	2013-12-12
	50 SHRS HILTON WORLDWIDE HOLDINGS INC	P	2013-12-12	2013-12-12
	100 SHRS CHENIERE ENERGY PARTNERS LP	P	2013-12-12	2013-12-16
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,760	1,800	-40
b	1,260	950	310
c	1,855	1,900	-45
d	1,407	1,100	307
e	1,545	1,300	245
	2,596	2,100	496
	896	750	146
	540	425	115
	2,205	2,000	205
	473	350	123
	1,877	2,000	-123
	2,227	2,000	227
	2,345	2,200	145
	2,090	2,000	90
	1,407	1,500	-93
	2,511	2,300	211
	1,530	1,350	180
	264	275	-11
	923	900	23
	2,189	2,000	189
	992	650	342
	2,429	1,550	879
	926	700	226
	2,660	3,000	-340
	1,202	1,100	102
	1,152	1,050	102
	1,347	950	397
	940	900	40
	3,518	3,400	118
	2,660	2,200	460
	2,635	2,100	535
	1,467	900	567
	7,755	8,000	-245
	3,492	1,800	1,692
	2,644	2,000	644
	1,665	1,050	615
	661	550	111
	2,260	2,100	160
	1,437	1,400	37
	2,517	2,300	217
	1,817	1,900	-83
	2,117	1,325	792
	2,010	1,000	1,010
	1,596	900	696
	888	650	238
	1,163	850	313
	1,300	1,300	0
	773	350	423
	1,497	1,500	-3
	1,121	1,200	-79
	676	600	76
	1,038	850	188
	5,872	5,600	272
	711	375	336
	2,369	1,300	1,069
	1,178	1,000	178
	1,499	1,200	299
	1,898	1,100	798
	2,854	2,000	854
	750	425	325
	2,131	2,000	131
	1,060	1,000	60
	1,913	2,000	-87
	97		97

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			-40
b			310
c			-45
d			307
e			245
			496
			146
			115
			205
			123
			-123
			227
			145
			90
			-93
			211
			180
			-11
			23
			189
			342
			879
			226
			-340
			102
			102
			397
			40
			118
			460
			535
			567
			-245
			1,692
			644
			615
			111
			160
			37
			217
			-83
			792
			1,010
			696
			238
			313
			0
			423
			-3
			-79
			76
			188
			272
			336
			1,069
			178
			299
			798
			854
			325
			131
			60
			-87
			97

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	17,262
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 . . . . . . . . . . . . . . . .		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? Yes No

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	34,801	235,791	0.147593
2011	30,669	261,735	0.117176
2010	23,842	288,116	0.082751
2009	40,725	303,849	0.134030
2008	37,631	344,241	0.109316

2	Total of line 1, column (d) ......................	2	0.590866
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	0.118173
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	208,785
5	Multiply line 4 by line 3.......................	5	24,673
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	178
7	Add lines 5 and 6.........................	7	24,851
8	Enter qualifying distributions from Part XII, line 4..............	8	42,217
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	178
	hereand 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	178
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	178
6	Credits/Payments:

a	2013 estimated tax payments and 2012 overpayment credited to 2013	6a
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	178
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	178
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	0
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

MBAF CPAS LLC Telephone no. bullet

(212) 576-1400

Located at bullet

440 PARK AVENUE SOUTH 5TH FLOORNEW YORKNY ZIP+4 bullet

10016

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)........YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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 G GALLAGHER	PRES/DIRECTOR 5.00	0	0	0
15 WHITE HILL ROAD COLD SPRING HARBOR,NY11724	PRES/DIRECTOR 5.00	0	0	0

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...................				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............. 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)

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......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

Minimum investment return. Enter 5% of line 5..................

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

10,439

Tax on investment income for 2013 from Part VI, line 5......

178

Income tax for 2013. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

178

Distributable amount before adjustments. Subtract line 2c from line 1............

10,261

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

10,261

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

10,261

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

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)

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					10,261
2 Undistributed income, if any, as of the end of 2013:
a Enter amount for 2012 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2013:
a From 2008.......	20,936
b From 2009.......	26,158
c From 2010.......	9,438
d From 2011.......	17,634
e From 2012.......	23,039
fTotal of lines 3a through e.........		97,205
4Qualifying distributions for 2013 from Part
XII, line 4: $ 42,217
a Applied to 2012, but not more than line 2a				0
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.....					10,261
e Remaining amount distributed out of corpus		31,956
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		129,161
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 ..........					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) .............		0
8Excess distributions carryover from 2008 not applied on line 5 or line 7 (see instructions) ...		20,936
9Excess distributions carryover to 2014. Subtract lines 7 and 8 from line 6a ......		108,225
10 Analysis of line 9:
a Excess from 2009....	26,158
b Excess from 2010....	9,438
c Excess from 2011....	17,634
d Excess from 2012....	23,039
e Excess from 2013....	31,956

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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 G GALLAGHER

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AIMHATCH FUND 1905 HARNEY SUITE 700 OMAHA,NE68112		QUALIFIED PUBLIC CHA	PUBLIC CHARITY	1,000
FRIENDS OF TJ FOUNDATION 1 BUNGTOWN ROAD COLD SPRING HARBOR,NY11724		QUALIFIED PUBLIC CHA	PUBLIC CHARITY	375
ANDY BOVIN MEMORIAL FUND 26 UPPER OVERLOOK RD SUMMIT,NJ07902		QUALIFIED PUBLIC CHA	PUBLIC CHARITY	250
BOUNICONTI FUND 1095 NW 14TH TERRACE MIAMI,FL33136		QUALIFIED PUBLIC CHA	PUBLIC CHARITY	3,000
MARINE CORP LAW ENFORCEMENT FOUNDATION PO BOX 11653 PHILADELPHIA,PA19116		QUALIFIED PUBLIC CHA	PUBLIC CHARITY	300
ONE TO ONE PO BOX 1574 TELLURIDE,CO81435		QUALIFIED PUBLIC CHA	PUBLIC CHARITY	8,500
SHERIDAN ARTS FOUNDATION 110 NORTH OAK ST TELLURIDE,CO81435		QUALIFIED PUBLIC CHA	PUBLIC CHARITY	25,000
TAB 109 E COLORADO AVE TELLURIDE,CO81435		QUALIFIED PUBLIC CHA	PUBLIC CHARITY	100
METROPLEX MILITARY CHARITABLE TRUST 3510 RANKIN DALLAS,TX75205		QUALIFIED PUBLIC CHA	PUBLIC CHARITY	1,600
Total ................................. 3a				40,125

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	117
4 Dividends and interest from securities....			14	2,488
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	17,262
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		19,867	0

13Total. Add line 12, columns (b), (d), and (e)..................

1319,867

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2013)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2013 AccountingFeesSchedule

Name:

GALLAGHER FAMILY FOUNDATION

EIN: 11-2834532

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	4,000	2,000		2,000

- TIN:

TY 2013 InvestmentsOtherSchedule2

Name:

GALLAGHER FAMILY FOUNDATION

EIN: 11-2834532

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
10126.957 GS HIGH YIELD FLOATING RATE INST SHARES	AT COST	102,178	102,282
4813.981 GS STRATEGIC INCOME FUND INST SHARES	AT COST	50,407	51,317

- TIN:

TY 2013 OtherAssetsSchedule

Name:

GALLAGHER FAMILY FOUNDATION

EIN: 11-2834532

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
SUNDRY RECEIVABLE	3,190	190	190

- TIN:

TY 2013 OtherExpensesSchedule

Name:

GALLAGHER FAMILY FOUNDATION

EIN: 11-2834532

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FILING FEE AND MISCELLANEOUS	185	93		92