Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 12030   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST THOMAS, VI008015030
A Employer identification number

20-6975076
B Telephone number (see instructions)

(340) 775-1555
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$22,348,178J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 32 32  
4 Dividends and interest from securities...... 308,000 308,000  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 227,242
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........ 308,032 535,274  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,200     4,200
c Other professional fees (attach schedule)....        
17 Interest............... 37 28    
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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,237 28   4,200
25 Contributions, gifts, grants paid........ 652,900 652,900
26 Total expenses and disbursements. Add lines 24 and 25 657,137 28   657,100
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -349,105
b Net investment income (if negative, enter -0-) 535,246
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...............      
2 Savings and temporary cash investments.......... -54,495 125,640 125,640
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)..... 3,200 Click to see attachment3,200 3,200
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)........ 9,206,000 Click to see attachment9,039,740 22,219,338
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)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,154,705 9,168,580 22,348,178
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons 212,344 Click to see attachment354,725
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment1,860  
23 Total liabilities (add lines 17 through 22).......... 214,204 354,725
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......... 8,940,501 8,813,855
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,940,501 8,813,855
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 9,154,705 9,168,580
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 8,940,501
2 Enter amount from Part I, line 27a..................... 2 -349,105
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 227,459
4 Add lines 1, 2, and 3.......................... 4 8,818,855
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 5,000
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 8,813,855
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 2039 ATLANTIC TELE NETWORK INC NEW D 2006-06-30 2013-12-06
b 1860ATLANTIC TELE NETWORK INC NEW D 2006-06-30 2013-12-16
c 3325ATLANTIC TELE NETWORK INC NEW D 2006-06-30 2013-12-17
d
e
(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 111,934     65,007
b 100,303     57,495
c 181,265     104,740
d
e
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       65,007
b       57,495
c       104,740
d
e
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 2 227,242
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 811,389 14,693,296 000.055222
2011 937,240 15,491,294 000.060501
2010 723,904 18,328,812 000.039495
2009 657,458 15,619,089 000.042093
2008 425,962 13,092,779 000.032534
2 Total of line 1, column (d) ...................... 2 000.229845
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. . . 		3 000.045969
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 20,036,339
5 Multiply line 4 by line 3....................... 5 921,050
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,352
7 Add lines 5 and 6......................... 7 926,402
8 Enter qualifying distributions from Part XII, line 4.............. 8 657,100
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 10,705
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 10,705
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,705
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 1,739
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 9,261
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid Original Return: 11000 7 11,000
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 10 295
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet295 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVI
    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 addressbullet  
    14
    The books are in care ofbulletGERTRUDE J PRIOR TRUSTEE Telephone no.bullet (340) 775-1555
    Located atbullet6450 ESTAT SMITH BAYST THOMASVI ZIP+4bullet00802
    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
     
     
    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
    GERTRUDE J PRIOR TRUSTEE
    003.00     		0    
    P O BOX 12030
    ST THOMAS,VI008015030
    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
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    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 N/A 0
    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.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,001,817
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    10,705
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,705
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    991,112
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    991,112
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    991,112
    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 7 991,112
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 648,340
    b Total for prior years:2009, 2010, 2011 2,357,431
    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.........  
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 657,100
    a Applied to 2012, but not more than line 2a 648,340
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2013 distributable amount..... 8,760
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2013.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		2,357,431
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		2,357,431
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		982,352
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		 
    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).)
    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:
    GERTRUDE J PRIOR
    P O BOX 12030
    ST THOMAS,VI00801
    (340) 775-1555
    tpriorcoralworldvi.com
    bThe form in which applications should be submitted and information and materials they should include:
    LETTERS DESCRIBING THE NATURE AND PURPOSE OR THE REQUEST ARE SUFFICIENT
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    VI OLYMPIC COMMITTEE
    P O BOX 366 FREDERIKSTED
    ST CROIX,VI00841     		    TENNIS 10,500
    THE FORUM
    P O BOX 12030
    ST THOMAS,VI00801     		    CLASSICAL JAM 2,500
    WSTA PROJECT SAFE NEIGHBORHOODS
    SUB BASE
    CHARLOTTE AMALIE,VI00801     		    PROJECT SAFE NEIGHBORHOODS 500
    ANTILLES SCHOOL
    FRENCHMANS BAY
    ST THOMAS,VI00802     		    COURTYARD PROJECT 10,000
    V I CONSERVATION SOCIETY
    ARAWAK BUILDING STE 3
    CHRISTIANSTED,VI00820     		    WATER SHED MEETING SPONSOR 250
    HEBREW CONGREGATION OF ST THOMAS
    P O BOX 266
    ST THOMAS,VI00804     		    GENERAL FUND 100
    CARRIBEAN CENTRAL AMERICAN ACTION
    1710 RHODE ISLAND AVE
    WASHINGTON,DC20036     		    ANNUAL FUND 20,000
    COMMUNITY FOUNDATION OF THE V I
    5600 ROYAL DANE MALL STE 19
    ST THOMAS,VI00801     		    TFC 5,000
    BLUE HILL MEMORIAL HOSPITAL FOUNDATION
    65 WATER STREET
    BLUE HILL,ME04614     		    ANNUAL FUND 1,000
    INFERNOS INC
    P O BOX 7572
    ST THOMAS VI,VI00801     		    SPONSOR 2,500
    COLLEGE OF THE HOLY CROSS
    1 COLLEGE STREET
    WORCESTER,MA01610     		    GENERAL FUND 2,500
    JOST VAN DYKES PRESERVATION SOCIETY
    C/O JOHN KREIITLER CPA 326 1ST ST 3
    ANNAPOLIS,MD21403     		    GENERAL FUND 750
    CARRIBEAN CENTRAL AMERICAN ACTION
    1710 RHODE ISLAND AVE
    WASHINGTON,DC20036     		    ANNUAL FUND 25,000
    HUMANE SOCIETY OF ST THOMAS
    P O BOX 8150
    ST THOMAS,VI00801     		    GENERAL FUND 500
    HARTFORD SEMINARY
    77 SHERMAN ST
    HARTFORD,CT061052260     		    BAP AND JTS 22,500
    CARRIBEAN CENTRAL AMERICAN ACTION
    1710 RHODE ISLAND AVE
    WASHINGTON,DC20036     		    GENERAL FUND 25,000
    KNEISEL HALL
    P O BOX 648
    BLUE HILL,ME04614     		    ROOF RENOVATION 5,000
    COMMUNITY FOUNDATION OF THE V I
    5600 ROYAL DANE MALL STE 19
    ST THOMAS,VI00801     		    ANGELS THANK YOU RECEPTION 17,100
    ANTILLES SCHOOL
    FRENCHMANS BAY
    ST THOMAS,VI00802     		    SEAN OCONNELL SCHOLARSHIP 5,000
    V I MONTESSORI SCHOOL INTL ACADEMY
    6936 VESSUP LANE
    ST THOMAS,VI00802     		    GRADUATION SPONSOR 2,500
    VI JA-GOJU JITSU-RYU FEDERATION PARENTAL
    P O BOX 597
    ST CROIX,VI00824     		    MARTIAL ARTS ACADEMY 1,000
    V I COUNCIL BOY SCOUTS OF AMERICA
    P O BOX 7175
    ST THOMAS,VI00804     		    MARINE VOCATIONAL PROGRAM 10,000
    AMERIACAN RED CROSS STTSTJ CHAPTER
    NIKSY CENTER STE 222
    ST THOMAS,VI00802     		    SUMMER CAMPAIGN 500
    ELROD HENDRICKS WEST LITTLE LEAGUE
    P O BOX305028
    ST THOMAS,VI00803     		    ALL STAR ORIOLES 1,000
    AMERICAN CANCER SOCIETY
    P O BOX 303990
    ST THOMAS,VI00803     		    RELAY FOR LIFE 1,500
    HEBREW CONGREGATION OF ST THOMAS
    P O BOX 266
    ST THOMAS,VI00804     		    BOOK OF REMEMBRANCE 1,500
    HUMANE SOCIETY OF ST THOMAS
    P O BOX 8150
    ST THOMAS,VI00801     		    FUNDRAISER SPONSOR 2,500
    PISTARKLE THEATER
    4126 ANNAS RETREAT
    ST THOMAS,VI00802     		    SUMMER CAMP SPONSORSHIP 5,000
    CORE FOUNDATION
    6345 SMITH BAT ROAD B-07
    ST THOMAS,VI00802     		    BEACH CLEAN UP SUPPORT 200
    UNIVERSITY OF THE VIRGIN ISLANDS
    2 JOHN BREWERS BAY
    ST THOMAS,VI00802     		    UNIV BOUND PARENTS ASSN 5,000
    MILL RIVER PARK COLLABORATIVE
    1010 WASHINGTON BLVD
    STAMFORD,CT06901     		    GENERAL FUND 2,000
    CARRIBEAN CENTRAL AMERICAN ACTION
    1710RHODE ISLAND AVE
    WASHINGTON,DC20036     		    GENERAL FUND 20,000
    V I MONTESSORI SCHOOL INTL ACADEMY
    6936 VESSUP LANE
    ST THOMAS,VI00802     		    M2M SPONSOR 500
    BIG CITY MOUNTAINEERS
    710 10TH ST SUITE 120
    GOLDEN,CO80401     		    GENERAL FUND 1,000
    SCNEIDER REGIONAL MEDICAL CENTER
    9048 SUGAR ESTATE
    ST THOMAS,VI00802     		    MATERNAL HEALTH UNIT 1,000
    TRUSTEES OF TUFTS UNIVERSITY
    P O BOX 3306
    BOSTON,MA022413306     		    ANNUAL FUND 5,000
    COMMUNITY FOUNDATION OF THE V I
    5600 ROYAL DANE MALL STE 19
    ST THOMAS,VI008014790     		    INTERLOCHEN SCHOLARSHIPS 3,500
    HEBREW CONGREGATION OF ST THOMAS
    P O 266
    ST THOMAS,VI00804     		    KOL NIDRE 500
    V I MONTESSORI SCHOOL INTL ACADEMY
    6936 VESSUP LANE
    ST THOMAS,VI00802     		    SCHOLARSHIP/ANNUAL FUND 17,500
    HUMANE SOCIETY OF ST THOMAS
    P O BOX 8150
    ST THOMAS,VI00801     		    HELP WITH PAYROLL 5,000
    NATIONAL PARKS CONSERVATION ASSN
    777 6TH STREET NW SUITE 700
    WASHINGTON,DC200013723     		    GENERAL FUND 500
    KNEISEL HALL CHAMBER MUSIC FESTIVAL
    P O BOX 646
    BLUE HILL,ME04614     		    QUARRY CONCERT 1,000
    KNEISEL HALL CHAMBER MUSIC FESTIVAL
    P O BOX 646
    BLUE HILL,ME04614     		    STUDENT CONCERT SPON 1,500
    THE FORUM
    P O BOX 12030
    ST THOMAS,VI00801     		    CIRCLE CONTRIBUTION 400
    HUMANE SOCIETY OF ST THOMAS
    P O BOX 8150
    ST THOMAS,VI00801     		    BARKTOBERFEST 2,500
    THE FORUM
    P O BOX 12030
    ST THOMAS,VI00801     		    CIRCLE CONTRIBUTION 400
    U S HOLOCAUST MEMORIAL MUSEUM
    100 RAOUL WALLENBERG PL SW
    WASHINGTON,DC200906929     		    GENERAL FUND 500
    FRIENS OF BLUE HILL LIBRARY
    5 PARKER POINT ROAD
    BLUE HILL,ME04614     		    GENERAL FUND 500
    THE FORUM
    P O BOX 12030
    ST THOMAS,VI00801     		    NOV 1ST RECEPTION 5,000
    V I CONSERVATION SOCIETY
    ARAWAK BUILDING STE 3
    CHRISTIANSTED,VI00820     		    WATER BAY NPS STUDY 5,000
    UNIVERSITY OF THE VIRGIN ISLANDS
    2 JOHN BREWERS BAY
    ST THOMAS,VI00802     		    UNIV BOUND PARENTS ASSN 10,000
    ENVIORNMENTAL DEFENSE FUND
    257 PASK AVENUE SOUTH
    NEW YORK,NY10010     		    GENERAL FUND 500
    ST JOHN COMMUNITY FOUNDATION
    P O BOX 1020
    ST JOHN,VI00802     		    8 TUFF MILES 1,000
    ABRAHAM'S PATH INITIATIVE
    1563 MASSACHUSETTS AVE
    CAMBRIDGE,MA02138     		    GENERAL FUND 10,000
    WASHINGTON COLLEGE OF LAW
    4801 MASSACHUSETTS AVE NW
    WASHINGTON,DC20016     		    GENERAL FUND 5,000
    BLUE HILL HERITAGE TRUST
    P O BOX 222
    BLUE HILL,ME04614     		    GENERAL FUND 2,500
    CATHOLIC CHARITIES OF THE V I
    P O BOX 10736
    ST THOMAS,VI00801     		    GENERAL FUND 5,000
    FAMILY RESOURCE CENTER
    2317 COMMANNDANT GADE 16B
    ST THOMAS,VI00802     		    PEACEMAKERS SPONSOR 10,000
    ESSEX COUNTY COMMUNITY FOUNDATION
    175 ANDOVER STREET
    DANVERS,MA01923     		    GENERAL 5,000
    FRIENDS OF OPEN HOUSE
    7 LAUREL PARK
    NORTHHAMPTON,MA01060     		    GENERAL 10,000
    HARTFORD SEMINAEY
    77 SHERMAN STREET
    HARTFORD,CT061052260     		    BAP JTS ANNUAL FUND 35,000
    COMMUNITY FOUNDATION OF THE V I
    5600 ROYAL DANE MALL STE 19
    ST THOMAS,VI008014790     		    SCHOLARSHIPS AND ANGELS 17,500
    KNEISEL HALL CHAMBER MUSIC FESTIVAL
    P O BOX 646
    BLUE HILL,ME04614     		    JULLIARD 2014 QUARRY 35,000
    THE JACKSON LABORATORY
    600 MAIN STREET
    BAR HARBOR,ME04609     		    DR CHERYL 10,000
    BLUE HILL MEMORIAL HOSPITAL
    65 WATER STEET
    BLUE HILL,ME04614     		    GENERAL FUND 25,000
    INTERNATIONAL NUTRITION FOUNDATION
    150 HARRISON AVENUE ROOM 232
    BOSTON,MA02111     		    STEP-GTP 10,000
    V I COUNCIL BOY SCOUTS OF AMERICA
    P O BOX 7175
    ST THOMAS,VI00804     		    MARINE VOCATIONAL PROGRAM 7,500
    THE FLAG FOUNDATION
    EQUISTAR FARM 2920 THORN RD
    SEBASTOPOL,CA95472     		    FREEDOM OF THE HEART 20,000
    UNIVERSITY OF THE VIRGIN ISLANDS
    2 JOHN BREWERS BAY
    ST THOMAS,VI00802     		    ANNUAL FUND 10,000
    MY BROTHER'S WORKSHOP
    P O BOX 301769
    ST THOMAS,VI00803     		    GENERAL FUND 5,000
    THE FORUM
    P O BOX 12030
    ST THOMAS,VI00801     		    ANNUAL PLEDGE 15,000
    HEBREW CONGREGATION OF ST THOMAS
    P O BOX 266
    ST THOMAS,VI00804     		    TYPHOON RELIEF-URJ 1,000
    ROTARY CLUB ST THOMAS SUNRISE
    P O BOX 8240
    ST THOMAS,VI00801     		    PEACE INITIATIVE 5,000
    HARVARD LAW SCHOOL
    1563 MASSACHUSETTS AVE
    CAMBRIDGE,MA02138     		    ANNUAL FUND 20,000
    THE TRUSTEES OF RESERVATIONS
    LONG HILL 572 ESSEX ST
    BEVERLY,MA019151530     		    GENERAL FUND 10,000
    ST THOMAS HISTORICAL TRUST
    P O BOX 6707
    ST THOMAS,VI00804     		    HASSEL ISLAND PROJECT 20,000
    826 NATIONAL
    44 GOUGH STEET SUITE 206
    SAN FRANCIXCO,CA94103     		    NEW WEBSITE 10,000
    V I MONTESSORI SCHOOL & INTL ACADEMY
    6936 VESSUP LANE
    ST THOMAS,VI00802     		    ANNUAL FUND 10,000
    FRIENDS OF THE V I NATIONAL PARK
    P O BOX 811
    ST JOHN,VI00831     		    GENERAL FUND 1,000
    BEST FRIENDS ANIMAL SOCIETY
    5001 ANGEL CANYON ROAD
    KANAB,UT84741     		    GENERAL FUND 500
    ASPCA
    424 E92ND STREET
    NEW YORK,NY101286804     		    GENERAL FUND 500
    NATIONAL WILDLIFE FEDERATION
    11100 WILDLIFE CENTER DRIVE
    RESTON,VA20190     		    GENERAL FUND 250
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DR STE100
    ARLINGTON,VA222031606     		    GENERAL FUND 1,000
    ANIMAL WELFARE INSTITUTE
    900 PENNSYLVANIA AVE SE
    WASHINGTON,DC20003     		    GENERAL FUND 250
    PISTARCKLE THEATER
    4126 ANNAS RETREAT
    ST THOMAS,VI00802     		    SCHOLARSHIPS 1,000
    THE FORUM
    P OBOX 12030
    ST THOMAS,VI00801     		    FAR CRY SPONSORSHIP 5,000
    JEWISH NATIONAL FUND
    42 EAST 69TH STREET
    NEW YORK,NY100215003     		    GENERAL FUND 1,000
    UNITED JAZZ FOUNDATION
    128 WEST 117TH STREET 3RD FLR
    NEW YORK,NY10026     		    MENTORING 7,500
    NORTH FORK EDUCATION INITIATIVE
    P O BOX 117
    SOUTHHOLD,NY11971     		    KATHRYN QUIGLEY HC 10,000
    NATL SCIENCE & TECH ED PARTNERSHIP
    P O BOX 9644
    MCLEAN,VA22102     		    STUDDY BUDDY 8,500
    V I CONSERVATION SOCIETY
    ARAWAK BUILDING STE 3
    CHRISTIANSTED,VI00820     		    BLUE FLAG PROGRAM 3,000
    HUMANE SOCIETY OF ST THOMAS & ST JOHN
    P O BOX 8150
    ST THOMAS,VI00801     		    GENERAL FUND 5,000
    HEBREW CONGRGATION OF ST THOMAS
    P O BOX 266
    ST THOMAS,VI00804     		    AUCTION SPONSORSHIP 7,200
    HEBREW FREE LOAN SOCIETY
    397 THIED AVENUE STE1905
    NEW YORK,NY10017     		    GENERAL FUND 1,000
    V I MONTESSORI SCHOOL & INTL ACADEMY
    6936 VESSUP LANE
    ST THOMAS,VI00802     		    PROJECT GIVE 1,000
    U S FUND FOR UNICEF
    125 MAIDEN LANE
    NEW YORK,NY10038     		    TYPHOON HAIYAN RELIEF 1,000
    VIRGIN ISLAND SPORTS TRUST
    4605 TUTU PARK MALL STE 254
    ST THOMAS,VI00802     		    TENNIS TOURNAMENT 12,000
    BOYS & GIRLS CLUB OF THE V I
    P O BOX 128
    CHRISTIANSTED,VI00821     		    GENERAL FUND 500
    USVI HOTEL & TOURISM FOUNDATION
    P O BOX 2300
    ST THOMAS,VI00803     		    SCHOLARSHIP FUND 500
    WORLD JEWISH CONGRESS
    501 MADISON AVENUE
    NEW YORK,NY10022     		    GENERAL FUND 500
    Total .................................bullet 3a 652,900
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....          
    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 .............     		         
    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)..      
    13Total. Add line 12, columns (b), (d), and (e)..................
    13  
    (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: 13000230
    Software Version: 13.6.0.0
    Part VI Line 7 - Tax Paid Original Return: 11000


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    PRIOR FAMILY FOUNDATION
    EIN: 20-6975076
    Software ID:13000230
    Software Version:13.6.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HENRY SINGER CPA 4,200     4,200

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2013 GainLossSaleOtherAssetsSch
    Name:
    PRIOR FAMILY FOUNDATION
    EIN: 20-6975076
    Software ID:13000230
    Software Version:13.6.0.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation

    TY 2013 GeneralExplanationAttachment
    Name:
    PRIOR FAMILY FOUNDATION
    EIN: 20-6975076
    Software ID:13000230
    Software Version:13.6.0.0
    Identifier Return Reference Explanation

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    PRIOR FAMILY FOUNDATION
    EIN: 20-6975076
    Software ID:13000230
    Software Version:13.6.0.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    392776 shares of ATLANTIC TELE NETWORK INC NEW 9,039,740 22,219,338

    TY 2013 LoansFromOfficersSchedule
    Name:
    PRIOR FAMILY FOUNDATION
    EIN: 20-6975076
    Software ID:13000230
    Software Version:13.6.0.0

    Item No. 1
    Lender's Name CORNELIUS B PRIOR JR
    Lender's Title GRANTOR
    Original Amount of Loan  
    Balance Due 212344
    Date of Note 2012-06
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower NONE
    Purpose of Loan ENABLE PAY DONATIONS
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 2
    Lender's Name CORNELIUS B PRIOR JR
    Lender's Title GRANTOR
    Original Amount of Loan 217381
    Balance Due 142381
    Date of Note 2013-03
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower NONE
    Purpose of Loan ENABLE PAY DONATIONS
    Description of Lender Consideration NONE
    Consideration FMV  


    TY 2013 OtherDecreasesSchedule
    Name:
    PRIOR FAMILY FOUNDATION
    EIN: 20-6975076
    Software ID:13000230
    Software Version:13.6.0.0
    Description Amount
    EXCISE TAX 2012 3,261
    EXCISE TAX 2013 1,739


    TY 2013 OtherIncreasesSchedule
    Name:
    PRIOR FAMILY FOUNDATION
    EIN: 20-6975076
    Software ID:13000230
    Software Version:13.6.0.0
    Description Amount
    CAPITAL GAIN NET INCOME 227,242
    EXCISE TAX 2011 REFUND 217


    TY 2013 OtherLiabilitiesSchedule
    Name:
    PRIOR FAMILY FOUNDATION
    EIN: 20-6975076
    Software ID:13000230
    Software Version:13.6.0.0
    Description Beginning of Year - Book Value End of Year - Book Value
    REIMB BY TAX PRPARER FOR PENALTY WAIVED 1,860  


    TY 2013 OtherReceivablesOfficersSch
    Name:
    PRIOR FAMILY FOUNDATION
    EIN: 20-6975076
    Software ID:13000230
    Software Version:13.6.0.0
    Travel Advance to Officers:3200


    Item No. 1
    Borrower's Name CORNELIUS B PRIOR JR
    Borrower's Title GRANTOR
    Original Amount of Loan 500
    Balance Due 500
    Date of Note 2008-10
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan GOODS AND SERVVICES
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 2
    Borrower's Name CORNELIUS B PRIOR JR
    Borrower's Title GRANTOR
    Original Amount of Loan 1500
    Balance Due 1500
    Date of Note 2010-04
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan GOODS AND SERVICES
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 3
    Borrower's Name CORNELIUS B PRIOR JR
    Borrower's Title GRANTOR
    Original Amount of Loan 1200
    Balance Due 1200
    Date of Note 2010-04
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan GOODS AND SERVICES
    Description of Lender Consideration  
    Consideration FMV