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
THE PIERRE & TANA MATISSE FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)1 EAST 53RD STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100224200
A Employer identification number

13-3838457
B Telephone number (see instructions)

(212) 355-6269
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$224,844,414J 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 420 420  
4 Dividends and interest from securities...... 1,409,136 1,409,136  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,004,500
b Gross sales price for all assets on line 6a 29,637,859
7 Capital gain net income (from Part IV, line 2)... 4,004,500
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)....... Click to see attachment 394,562 394,562  
12 Total. Add lines 1 through 11........ 5,808,618 5,808,618  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 360,000 18,000   342,000
14 Other employee salaries and wages...... 287,500 0   287,500
15 Pension plans, employee benefits....... 121,849 0   121,849
16a Legal fees (attach schedule)......... Click to see attachment 17,237 0   17,237
b Accounting fees (attach schedule)....... Click to see attachment 14,350 11,480   2,870
c Other professional fees (attach schedule).... Click to see attachment 511,587 365,800   145,787
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 154,252 33,464   45,788
19 Depreciation (attach schedule) and depletion... Click to see attachment 10,775 0  
20 Occupancy.............. 81,493 8,149   73,344
21 Travel, conferences, and meetings....... 28,605 0   28,605
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 220,038 6,727   213,311
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,807,686 443,620   1,278,291
25 Contributions, gifts, grants paid........ 2,698,715 2,698,715
26 Total expenses and disbursements. Add lines 24 and 25 4,506,401 443,620   3,977,006
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,302,217
b Net investment income (if negative, enter -0-) 5,364,998
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............... 220,730 247,497 247,497
2 Savings and temporary cash investments.......... 7,304,772 3,858,170 3,858,170
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 26,501,848 Click to see attachment39,829,044 49,651,544
c Investments—corporate bonds (attach schedule)........ 6,749,208 Click to see attachment3,986,083 3,454,515
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 21,768,235 Click to see attachment17,189,664 20,726,613
14 Land, buildings, and equipment: basis bullet205,305
Less: accumulated depreciation (attach schedule) bullet61,683 154,397 Click to see attachment143,622 143,622
15 Other assets (describe bullet) Click to see attachment108,825,956 Click to see attachment107,652,143 Click to see attachment146,762,453
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 171,525,146 172,906,223 224,844,414
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment3,546
23 Total liabilities (add lines 17 through 22).......... 0 3,546
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 171,525,146 172,902,677
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 171,525,146 172,902,677
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 171,525,146 172,906,223
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)............... 1 171,525,146
2 Enter amount from Part I, line 27a..................... 2 1,302,217
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 86,540
4 Add lines 1, 2, and 3.......................... 4 172,913,903
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 11,226
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 172,902,677
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 HARBOR FUND-LONG TERM P 2007-03-07 2013-08-30
b SNOW CAPITAL-SHORT TERM P    
c SNOW CAPITAL-LONG TERM P    
d WENTWORTH HAUSER-SHORT TERM P    
e WENTWORTH HAUSER-LONG TERM P    
ADVISORY RESEARCH-SHORT TERM P    
ADVISORY RESEARCH-LONG TERM P    
SMH CAPITAL-SHORT TERM P    
SMH CAPITAL-SHORT TERM P    
WCM INVESTMENT MGMT-SHORT TERM P    
WCM INVESTMENT MGMT-LONG TERM P    
WESTFIELD CAPITAL-SHORT TERM P    
WESTFIELD CAPITAL-LONG TERM P    
LIQUIDATION OF ASHMORE FUND P   2013-08-09
MORGAN STANLEY-BUYWRITE-SHORT TERM P   2013-12-31
PROCEEDS CLASS ACTION SETTLEMENTS P   2013-12-31
SALE OF BOOKS D   2013-12-31
SALE OF DRAWING D   2013-12-31
SALE OF PRINTS D   2013-12-31
THROUGH MEDELY OPPORTUNITY FD II P   2013-12-31
MANAGED ACCOUNT PASSTHROUGH ENTITIES-SHORT TERM P   2013-12-31
MANAGED ACCOUNT PASSTHROUGH ENTITIES-LONG TERM P   2013-12-31
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,800,000   2,767,166 32,834
b 705,621   542,678 162,943
c 1,872,661   1,185,462 687,199
d 2,391   2,384 7
e 137,664   251,279 -113,615
352,786   341,796 10,990
2,156,935   1,416,832 740,103
2,978,097   2,906,123 71,974
3,184,953   3,610,470 -425,517
1,848,604   1,499,836 348,768
816,402   936,794 -120,392
2,565,271   2,300,278 264,993
2,038,238   1,412,923 625,315
6,590,382   5,485,032 1,105,350
72,225   99,296 -27,071
197     197
42,500   40,375 2,125
1,000,000   500,000 500,000
425,900   342,300 83,600
      4,869
      40
      2,756
47,032     47,032
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       32,834
b       162,943
c       687,199
d       7
e       -113,615
      10,990
      740,103
      71,974
      -425,517
      348,768
      -120,392
      264,993
      625,315
      1,105,350
      -27,071
      197
      2,125
      500,000
      83,600
      4,869
      40
      2,756
      47,032
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 4,004,500
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 3,090,567 60,948,728 0.050708
2011 2,441,907 60,269,031 0.040517
2010 2,507,944 59,617,745 0.042067
2009 2,360,410 49,221,027 0.047955
2008 6,666,980 47,908,069 0.139162
2 Total of line 1, column (d) ...................... 2 0.320409
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 0.064082
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 71,321,859
5 Multiply line 4 by line 3....................... 5 4,570,447
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 53,650
7 Add lines 5 and 6......................... 7 4,624,097
8 Enter qualifying distributions from Part XII, line 4.............. 8 3,977,006
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 1 107,300
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 107,300
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- ..... 5 107,300
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 52,408
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 100,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 152,408
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 511
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 44,597
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet44,597 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY, DE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSANDRA CARNIELLI Telephone no.bullet (212) 355-6269
    Located atbullet1 EAST 53RD STREETNEW YORKNY ZIP+4bullet100224200
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    ROBERT H HOROWITZ PRESIDENT/TREAS/DIR
    10.00     		120,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY100224200
    OLIVIER G BERNIER VP/SECY/DIRECTOR
    10.00     		120,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY100224200
    JANOS FARKAS VP/ASST SECY/DIRECTOR
    10.00     		120,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY100224200
    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
    SANDRA CARNIELLI EXECUTIVE DIRECTOR
    40.00     		195,000 11,553 0
    1 EAST 53RD STREET
    NEW YORK,NY10022
    LINDA AZARIAN ADMINISTRATIVE ASSIS
    40.00     		87,500 6,951 0
    1 EAST 53RD STREET
    NEW YORK,NY10022
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CHARLES STUCKEY CONSULTING-CATALOGUE RAISONNE 85,020
    1 EAST 53RD STREET
    NEW YORK,NY10022
    CONSULTING SERVICES GROUP INVESTMENT MANAGEMENT 60,000
    6000 POPLAR AVENUE SUITE 325
    MEMPHIS,TN38119
    ADVISORY RESEARCH INVESTMENT MANAGEMENT 56,300
    180 NORTH STETSON AVENUE SUITE 5500
    CHICAGO,IL60601
    WESTFIELD CAPITAL MANAGEMENT INVESTMENT MANAGEMENT 56,103
    ONE FINANCIAL CENTER 24TH FLOOR
    BOSTON,MA02111
    SMH CAPITAL INVESTMENT MANAGEMENT 55,061
    4800 OVERTON WOODS DRIVE 300
    FORT WORTH,TX76109
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 LENDING OF ARTWORK FOR DISPLAY AT VARIOUS EXHIBITIONS 172,870
    2 COMPILATION OF THE WORK OF ARTIST YVES TANGUY INTO A CATALOGUE RAISONNE 89,820
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,566,093
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    107,300
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    107,300
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,458,793
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,458,793
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    3,458,793
    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 3,458,793
    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....... 3,395,731
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012....... 113,303
    fTotal of lines 3a through e......... 3,509,034
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 3,977,006
    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..... 3,458,793
    e Remaining amount distributed out of corpus 518,213
    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 4,027,247
    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) ...     		3,395,731
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		631,516
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012.... 113,303
    e Excess from 2013.... 518,213
    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:
    SANDRA CARNIELLI
    1 EAST 53RD STREET
    NEW YORK,NY10022
    (212) 355-6269
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER
    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
    ALVIN AILEY DANCE FOUNDATION
    405 WEST 55TH STREET
    NEW YORK,NY10019     		NONE 501(C)(3) SUPPORT OF AILEY CAMP PROGRAM 15,000
    AMERICAN JEWISH WORLD SERVICE
    45 WEST 36TH STREET
    NEW YORK,NY10018     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 5,000
    ART TABLE INC
    116 JOHN ST 822
    NEW YORK,NY10038     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 350
    BALTIMORE MUSEUM OF ART
    10 ART MUSEUM DRIVE
    BALTIMORE,MD21218     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 10,000
    CENTER FOR CURATORIAL LEADERSHIP
    174 EAST 80TH STREET
    NEW YORK,NY10075     		NONE 501(C)(3) SUPPORT OF LEADERSHIP FELLOWS PROGRAM 100,000
    COOL CULTURE
    80 HANSON PLACE SUITE 604
    BROOKLYN,NY11217     		NONE 501(C)(3) SUPPORT OF FAMILY VISITATION TRACKING PROJECT 80,000
    DRAWING CENTER
    12 DESBROSSES STREET
    NEW YORK,NY10013     		NONE 501(C)(3) GENERAL PROGRAM SUPPORTEXHIBITION PROJECT;LISTTOTAL 11000;LISTTOTAL 0 1,000
    EPIC THEATRE ENSEMBLE
    55 WEST 39TH STREET 302
    NEW YORK,NY10018     		NONE 501(C)(3) SUPPORT OF EPIC NEXT PROGRAM 150,000
    FRACTURED ATLAS
    248 W 35TH STREET
    NEW YORK,NY10001     		NONE 501(C)(3) PROFESSIONAL DEVELOPMENT PROGRAM 30,000
    INTERNATIONAL FOUNDATION FOR ART RESEARCH
    500 FIFTH AVENUE
    NEW YORK,NY10110     		NONE 501(C)(3) IFAR JOURNAL & INSTITUTIONAL CAPACITY BUILDING 50,000
    IRONDALE ENSEMBLE PROJECT
    85 S OXFORD STREET
    BROOKLYN,NY11217     		NONE 501(C)(3) THEATER ARTS EDUCATION PARTNERSHIP PROGRAM 100,000
    METROPOLITAN OPERA
    LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 15,000
    MORGAN LIBRARY
    225 MADISON AVENUE
    NEW YORK,NY10016     		NONE 501(C)(3) MODERN ART CURATORSHIP 50,000
    MORGAN LIBRARY
    225 MADISON AVENUE
    NEW YORK,NY10016     		NONE 501(C)(3) UNDERWRITING SUPPORT OF MODERN DRAWING CURATORSHIP 20,000
    MULTICULTURAL MUSIC GROUP INC
    601 WALTON AVENUE
    BRONX,NY10451     		NONE 501(C)(3) SUMMER BRIDGE PROGRAM FOR M.S. 223 178,080
    MUSEUM OF MODERN ART
    11 WEST 53RD STREET
    NEW YORK,NY10019     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 5,000
    MUSEUM OF THE CITY OF NEW YORK
    1220 FIFTH AVENUE
    NEW YORK,NY10029     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 5,000
    NATIONAL GALLERY OF ART
    6TH STREET CONSTITUTIONAL AVE NW
    WASHINGTON,DC20004     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    NYC DEPARTMENT OF EDUCATION
    TWEED COURTHOUSE 52 CHAMBERS
    NEW YORK,NY10007     		NONE 501(C)(3) ARTS PROGRAMS IN 5 NYC PUBLIC SCHOOLS 483,791
    PARTNERSHIP FOR INNER-CITY EDUCATION
    1011 FIRST AVENUE STE 1313
    NEW YORK,NY10022     		NONE 501(C)(3) ARTS PROGRAM AT IMMACULATE CONCEPTION SCHOOL 28,600
    PHILADELPHIA MUSEUM OF ART
    PO BOX 7646
    PHILADELPHIA,PA19101     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA
    434 WEST 33RD STREET
    NEW YORK,NY10001     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 3,000
    PLANNED PARENTHOOD MAR MONTE
    1691 THE ALAMEDA
    SAN JOSE,CA95126     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 2,000
    SCHOOL OF AMERICAN BALLET
    LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501(C)(3) SUPPORT OF CULTURAL PROGRAM 25,000
    SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE
    200 PARK AVENUE SOUTH
    NEW YORK,NY10003     		NONE 501(C)(3) FELLOWSHIPS FOR VISUAL ARTISTS 12,000
    SOK SABAY ASSOCIATION
    PO BOX 427
    PHNOM PENH   12000
    CB     		NONE IRC SEC 509(A)(2) GENERAL PROGRAM SUPPORT 22,100
    STUDIO IN A SCHOOL
    410 WEST 59TH STREET
    NEW YORK,NY10019     		NONE 501(C)(3) SUPPORT OF VISUAL ARTS OUTREACH PROGRAM 30,000
    STUDIO MUSEUM IN HARLEM
    144 WEST 125TH STREET
    NEW YORK,NY10027     		NONE 501(C)(3) ARTS IN FOCUS PROGRAM 5,000
    THE NEW VICTORY THEATER
    229 WEST 42ND STREET
    NEW YORK,NY10036     		NONE 501(C)(3) GRANT TO DEVELOP NEW ARTS & EDUCATION INITIATIVE 150,000
    THIRD STREET MUSIC SETTLEMENT
    235 EAST 11TH STREET
    NEW YORK,NY10003     		NONE 501(C)(3) SUPPORT OF TUITION ASSISTANCE PROGRAM 20,000
    VOLUNTEER LAWYERS FOR THE ARTS
    1 EAST 53RD STREET SUITE 1401
    NEW YORK,NY10022     		NONE 501(C)(3) GENERAL SUPPORT OF LAW SCHOOL FOR VISUAL ARTISTS 10,000
    WADSWORTH ATHENEUM MUSEUM OF ART
    600 MAIN STREET
    HARTFORD,CT06103     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    WHITNEY MUSEUM OF ART
    945 MADISON AVENUE
    NEW YORK,NY10021     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    YOUNG AUDIENCES NEW YORK
    1 EAST 53RD STREET 7TH FL
    NEW YORK,NY10022     		NONE 501(C)(3) VISUAL ART RESIDENCIES IN 4 NYC PUBLIC SCHOOLS 20,000
    ARCHIVES OF AMERICAN ART
    750 9TH STREET NW
    WASHINGTON,DC20001     		NONE 501(C)(3) SUPPORT SPECIAL EDITION COMMEMORATING 100TH ANNIVERSARY OF THE ARMORY SHOW 25,234
    CENTER FOR ARTS EDUCATION
    266 WEST 37TH ST 9TH FLOOR
    NEW YORK,NY10018     		NONE 501(C)(3) SUPPORT OF THE ARTS SUPPORT INITIATIVE 40,000
    DREAMYARD PROJECT
    1085 WASHINGTON AVENUE
    BRONX,NY10456     		NONE 501(C)(3) SUPPORT DREAMYARD'S PATHWAY PROGRAM 25,000
    LEHMAN COLLEGE
    250 BEDFORD PARK BLVD W
    NEW YORK,NY10468     		NONE 501(C)(3) SUPPORT ARTS EDUCATION PROGRAM FOR STUDENTS IN THE BRONX 5,000
    LITTLE ORCHESTRA SOCIETY
    330 WEST 42ND STREET 12TH FLOOR
    NEW YORK,NY10036     		NONE 501(C)(3) SUPPORT OF ARTS EDUCATION PROGRAM 25,000
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		NONE 501(C)(3) SUPPORT OF BALTHUS EXHIBITION 50,000
    MT HOLYOKE COLLEGE ART MUSEUM
    LOWER LAKE ROAD
    SOUTH HADLEY,MA01075     		NONE 501(C)(3) SUPPORT OF THE PROGRAM "THE MUSEUM AS CATALYST FOR THE CREATIVE CAMPUS" 56,500
    PARTNERSHIP FOR INNER-CITY EDUCATION
    1011 FIRST AVENUE STE 1313
    NEW YORK,NY10022     		NONE 501(C)(3) SUPPORT OF ARTS EDUCATION PROGRAM 52,250
    READ ALLIANCE
    80 MAIDEN LANE
    NEW YORK,NY10038     		NONE 501(C)(3) SUPPORT READ ALLIANCE PROGRAM TEACHING READING SKILLS TO YOUNG STUDENTS 10,000
    SOKOLOW THEATRE DANCE ENSEMBLE
    OLD CHELSEA STATION BOX 351
    NEW YORK,NY10113     		NONE 501(C)(3) SUPPORT LYRIC SUITE PROGRAM-"SOUNDS OF SOKOLOW" 3,500
    AMERICAN FEDERATION OF ARTS
    305 E 47TH ST 10
    NEW YORK,NY10017     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 25,000
    MUSE FILM AND TELEVISION
    1 E 53RD ST 10
    NEW YORK,NY10022     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 17,500
    DANCING CLASSROOMS
    25 WEST 31ST STREET FOURTH FLOOR
    NEW YORK,NY10001     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 25,000
    THE BRONX MUSEUM OF THE ARTS
    1040 GRAND CONCOURSE
    BRONX,NY10456     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 25,000
    BROADWAY HOUSING
    583 RIVERSIDE DR
    NEW YORK,NY10031     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 10,000
    INSTITUTE OF FINE ARTS
    1 EAST 78TH STREET
    NEW YORK,NY10075     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 36,000
    KIPPS NYC
    520 8TH AVENUE SUITE 2005
    NEW YORK,NY10018     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 100,000
    SONIDOS DE LA TIERRA
    MAYOR FLEITAS 564 ESQ CERRO COR
    ASUNCIN    
    PA     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 5,000
    GROUNDSWELL COMMUNITY MURAL PROJECT
    540 PRESIDENT ST
    BROOKLYN,NY11215     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 25,000
    MORE ART
    71 NASSAU ST
    NEW YORK,NY10038     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 20,000
    NEW YORK THEATRE WORKSHOP
    79 E 4TH ST
    NEW YORK,NY10003     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 25,000
    CHRISTADORA
    1 E 53RD ST 1401
    NEW YORK,NY10022     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 5,000
    LA MAISON FRANCAISE
    16 WASHINGTON MEWS
    NEW YORK,NY10003     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 11,105
    SILOCON VALLEY YOUTH BRIDGE
    1142 KELSEY DRIVE
    SUNNYVALE,CA94087     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 8,685
    WQXR
    160 VARICK STREET 8TH FL
    NEW YORK,NY10013     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    THE SUSTAINABILITY LABORATORY
    229 EAST 85TH STREET PO BOX 1571
    NEW YORK,NY10028     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 5,000
    THE HOTCHKISS SCHOOL
    11 INTERLAKEN RD
    LAKEVILLE,CT06039     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 4,000
    OPERA OMNIA
    3823 9TH ST
    LONG ISLAND CITY,NY11101     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 10,000
    THE NEW YORK NEW MUSIC ENSEMBLE
    48 HORATIO STREET
    NEW YORK,NY10004     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 8,000
    ANIMAL RESCUE FUND
    54 SIMMONS LANE
    BEACON,NY12508     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 2,000
    CLINICLOWNS
    PO BOX 1565 3800 BN
    AMERSFOORT    
    NL     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 10,000
    SOZIALPROJEKT P GEORG SPORSCHILL
    HOCHSTETTERGASSE 6 A-1020
    VIENNA    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 10,000
    VINCIRAST
    WOHRINGER STRASE 19 1090
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    LIVE MUSIC NOW
    MUSIC BASE KINGS PLACE
    LONDON    
    UK     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    FREUNDE DER ALBERTINA
    AUGUSTINERSTR 1 1090
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    FREUNDESVEREIN LEOPOLD MUSEUM
    HAINBURGER STRASE 26/26 1030
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    MAK ART SOCIETY
    STUBENRING 5 1010
    VIENNA    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    VEREIN DER FREUNDE DES KUNSTHISTORISCHEN
    HANUSCHGASSE 3 1ST FLOOR 1010
    VIENNA    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    FREUNDE DES BELVEDERE
    PRINZ EUGEN-STRASE 27
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    FREUNDE DES MUMOK
    MUSEUMSPLATZ 1 A-1070
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    GESELLSCHAFT DER FREUNDE DER KUNST
    STONDEHAUSSTRASE 1
    DOSSELDORF    
    GM     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    FREUNDE DES NHM
    MUSEUMSPLATZ 1 1070
    VIENNA    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    CATALOGUE RAISSONNE SCHOLARS ASSOCIATION
    400 WEST BROADWAY FLOOR 3
    NEW YORK,NY10012     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 20
    FINE ARTS MUSEUMS
    50 HAGIWARA TEA GARDEN DRIVE
    SAN FRANCISCO,CA94118     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    SFMOMA
    51 YERBA BUENA LANE
    SAN FRANCISCO,CA94103     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    SOLOMON R GUGGENHEIM FOUNDATION
    1071 FIFTH AVENUE
    NEW YORK,NY10128     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 1,000
    MANHATTAN GRAPHICS CENTER
    250 W 40TH
    NEW YORK,NY10018     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 15,000
    METROPOLITAN MUSEUM OF ART
    LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501(C)(3) 40% INTEREST IN PAINTING BY BATHUS-LELIA CAETINI 360,000
    Total .................................bullet 3a 2,698,715
    bApproved for future payment
    ALVIN AILEY DANCE FOUNDATION
    405 WEST 55TH STREET
    NEW YORK,NY10019     		NONE 501(C)(3) SUPPORT OF ALVIN AILEY CAMP PROGRAM 30,000
    BROADWAY HOUSING
    583 RIVERSIDE DR
    NEW YORK,NY10031     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 290,000
    BRONX MUSUEM OF THE ARTS
    1040 GRAND CONCOURSE
    BRONX,NY10456     		NONE 501(C)(3) EDUCATION PROGRAM 25,000
    BROOKLYN ACADEMY OF MUSIC
    30 LAFAYETTE AVENUE
    BROOKLYN,NY11217     		NONE 501(C)(3) EDUCATION PROGRAM 100,000
    BROOKLYN CENTER FOR PERFORMING ARTS
    CAMPUS ROAD
    BROOKLYN,NY11210     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 50,000
    CENTER FOR ARTS EDUCATION
    266 WEST 37TH ST 9TH FLOOR
    NEW YORK,NY10018     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 40,000
    CENTER FOR CURATORIAL LEADERSHIP
    174 EAST 80TH STREET
    NEW YORK,NY10075     		NONE 501(C)(3) SUPPORT OF LEADERSHIP FELLOWS PROGRAM 300,000
    COOL CULTURE
    80 HANSON PLACE SUITE 604
    BROOKLYN,NY11217     		NONE 501(C)(3) SUPPORT OF FAMILY VISITATION TRACKING PROJECT 80,000
    DANCING CLASSROOMS
    25 WEST 31ST STREET FOURTH FLOOR
    NEW YORK,NY10001     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 50,000
    DREAMYARD PROJECT
    1085 WASHINGTON AVENUE
    BRONX,NY10456     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 50,000
    GROUNDSWELL COMMUNITY MURAL PROJECT
    540 PRESIDENT ST
    BROOKLYN,NY11215     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 50,000
    GUILD HALL OF EAST HAMPTON
    158 MAIN ST
    EAST HAMPTON,NY11937     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 10,000
    EPIC THEATRE ENSEMBLE
    55 WEST 39TH STREET 302
    NEW YORK,NY10018     		NONE 501(C)(3) SUPPORT OF EPIC NEXT PROGRAM 450,000
    THE NEW 42ND STREET
    229 W 42ND ST
    NEW YORK,NY10036     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 600,000
    INSTITUTE OF FINE ARTS
    1 EAST 78TH STREET
    NEW YORK,NY10075     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 180,000
    KIPPS NYC
    520 8TH AVENUE SUITE 2005
    NEW YORK,NY10018     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 200,000
    LITTLE ORCHESTRA SOCIETY
    330 WEST 42ND STREET 12TH FLOOR
    NEW YORK,NY10036     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 50,000
    MANHATTAN GRAPHICS CENTER
    250 W 40TH
    NEW YORK,NY10018     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 30,000
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 50,000
    MORGAN LIBRARY
    225 MADISON AVENUE
    NEW YORK,NY10016     		NONE 501(C)(3) CURATORSHIP 20,000
    NYC DEPARTMENT OF EDUCATION
    TWEED COURTHOUSE 52 CHAMBERS
    NEW YORK,NY10007     		NONE 501(C)(3) ARTS PROGRAMS IN 6 NYC PUBLIC SCHOOLS 2,360,720
    MT HOLYOKE COLLEGE ART MUSEUM
    LOWER LAKE ROAD
    SOUTH HADLEY,MA01075     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 113,000
    MUSICA SACRA
    PO BOX 974 LEXOX HILL STATION
    NEW YORK,NY10021     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 20,616
    NEW YORK THEATRE WORKSHOP
    79 E 4TH ST
    NEW YORK,NY10003     		NONE 501(C)(3) GENERAL PROGRAM SUPPORT 25,000
    SCHOOL OF AMERICAN BALLET
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501(C)(3) SUPPORT OF CULTURAL PROGRAM 50,000
    SOK SABAY ASSOCIATION
    PO BOX 427
    PHNOM PENH   12000
    CB     		NONE IRC SEC 509(A)(2) GENERAL PROGRAM SUPPORT 66,300
    YOUNG AUDIENCE NEW YORK ALL CITY CHOIR
    115 EAST 95ND STREET
    NEW YORK,NY10128     		NONE 501(C)(3) GENERAL SUPPORT 20,000
    Total .................................bullet 3b 5,310,636
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 420  
    4 Dividends and interest from securities....     14 1,409,136  
    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.....     15 394,562  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 4,004,500  
    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 5,808,618 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    135,808,618
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COOPERSMITH, SIMON & VOGEL 14,350 11,480   2,870

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

    TY 2013 DepreciationSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER EQUIPMENT 2003-06-30 8,180 8,180 SL 5.000000000000 0 0    
    LEASEHOLD IMPROVEMENTS 2008-06-30 38,005 4,383 SL 39.000000000000 974 0    
    LEASEHOLD IMPROVEMENTS 2009-06-30 104,678 9,394 SL 39.000000000000 2,684 0    
    FURNITURE AND FIXTURES 2009-06-30 40,710 20,356 SL 7.000000000000 5,816 0    
    TELEPHONE EQUIPMENT 2009-06-30 3,871 1,936 SL 7.000000000000 553 0    
    WEBSITE 2009-06-30 2,500 2,500 SL 3.000000000000 0 0    
    FURNITURE AND FIXTURES 2006-06-30 4,238 3,936 SL 7.000000000000 302 0    
    FURNITURE AND FIXTURES 2012-06-30 3,123 223 SL 7.000000000000 446 0    

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SMH CAPITAL 3,986,083 3,454,515

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADVISORY RESEARCH 4,809,637 6,721,712
    SNOW CAPITAL 7,561,566 9,410,790
    WENTWORTH HAUSER 4,007,785 5,065,987
    WESTFIELD CAPITAL MANAGEMENT 7,065,067 9,833,714
    FIDELITY FLOATING RATE HIGH INC FUND 3,561,558 3,614,632
    WCM INVESTMENT MANAGEMENT 6,273,785 8,111,526
    ALLIANZE GI CONVERTIBLE 3,708,298 3,832,391
    MORGAN STANLEY-BUY WRITE 2,841,348 3,060,792

    TY 2013 InvestmentsOtherSchedule2
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HARBOR BOND-INST AT COST 3,712,365 3,755,074
    IRONWOOD INTERNATIONAL LTD AB AT COST 5,000,000 6,134,794
    ASHMORE EMERGING MARKET DEBT FUND AT COST 0 0
    TITAN MASTERS INTERNATIONAL FD LTD AT COST 5,000,000 7,359,446
    MEDLEY OPPORTUNITY FUND II LP AT COST 3,477,299 3,477,299

    TY 2013 LandEtcSchedule2
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 8,180 8,180 0  
    LEASEHOLD IMPROVEMENTS 38,005 5,357 32,648  
    LEASEHOLD IMPROVEMENTS 104,678 12,078 92,600  
    FURNITURE AND FIXTURES 40,710 26,172 14,538  
    TELEPHONE EQUIPMENT 3,871 2,489 1,382  
    WEBSITE 2,500 2,500 0  
    FURNITURE AND FIXTURES 4,238 4,238 0  
    FURNITURE AND FIXTURES 3,123 669 2,454  


    TY 2013 LegalFeesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KIEJMAN MAREMBERT 17,237 0   17,237


    TY 2013 OtherAssetsSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BOOKS,MAQUETTES AND ARTWORK 108,825,318 107,649,018 146,759,328
    DUE FROM URSUS 638 3,125 3,125


    TY 2013 OtherDecreasesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Amount
    UNREALIZED (LOSS) FROM PASSTHOUGH ENTITIES 11,226


    TY 2013 OtherExpensesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER EXPENSES 12,263 1,226   11,037
    PAYROLL EXPENSE 2,225 0   2,225
    DUES AND SUBSCRIPTIONS 1,992 0   1,992
    INSURANCE 20,777 0   20,777
    TELEPHONE AND INTERNET 6,200 0   6,200
    OFFICE 11,485 0   11,485
    POSTAGE & DELIVERY 2,825 0   2,825
    DELAWARE AGENTS FEE 387 0   387
    ARTWORK HANDLING 11,603 0   11,603
    ARTWORK STORAGE 67,149 0   67,149
    ARTWORK INSURANCE 54,080 0   54,080
    CONSERVATION 12,625 0   12,625
    PENSION SERVICES 4,039 0   4,039
    CATALOGUE RAISONNE 4,800 0   4,800
    NEW YORK STATE FILING FEE 1,500 0   1,500
    BANK CHARGES AND TRANSACTION FEES 6,088 5,501   587


    TY 2013 OtherIncomeSchedule2
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 394,562 394,562 394,562


    TY 2013 OtherIncreasesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Amount
    UNREALIZED APPRECIATION ON DONATION 60,000
    PRIOR PERIOD ADJUSTMENT 26,540


    TY 2013 OtherLiabilitiesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Beginning of Year - Book Value End of Year - Book Value
    PENSION PLAN PAYABLE 0 3,546


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SMH CAPITAL 55,061 55,061   0
    ADVISORY RESEARCH 56,300 56,300   0
    SNOW CAPITAL 48,188 48,188   0
    CONSULTING SERVICES GROUP 60,000 60,000   0
    WCM INVESTMENT MANAGEMENT 43,958 43,958   0
    CHARLES STUCKEY 85,020 0   85,020
    WENTWORTH HAUSER 39,417 39,417   0
    WESTFIELD CAPITAL 56,103 56,103   0
    CAROL FEINBERG 16,700 0   16,700
    STEPHEN MACK 12,543 0   12,543
    OTHER 31,524 0   31,524
    MORGAN STANLEY 6,773 6,773   0


    TY 2013 TaxesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHELD 32,767 32,767   0
    PAYROLL TAXES 46,485 697   45,788
    EXCISE TAX 75,000 0   0