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
Grimshaw-Gudewicz Charitable Foundation
c/o A Shabshelowitz co-trustee

Number and street (or P.O. box number if mail is not delivered to street address)263 Walnut Street   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Fall River, MA02720
A Employer identification number

04-6778721
B Telephone number (see instructions)

(508) 672-2182
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$30,410,352J 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 73 73  
4 Dividends and interest from securities...... 693,057 693,057  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,870,974
b Gross sales price for all assets on line 6a 9,776,140
7 Capital gain net income (from Part IV, line 2)... 1,870,974
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 936 -359  
12 Total. Add lines 1 through 11........ 2,565,040 2,563,745  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 246,713 172,699   74,014
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 11,910 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 75,219 27,580   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 445 200   245
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 334,287 200,479   74,259
25 Contributions, gifts, grants paid........ 1,400,000 1,400,000
26 Total expenses and disbursements. Add lines 24 and 25 1,734,287 200,479   1,474,259
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 830,753
b Net investment income (if negative, enter -0-) 2,363,266
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.......... 639,399 2,458,288 2,458,288
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)........ 16,281,873 Click to see attachment16,415,051 22,844,728
c Investments—corporate bonds (attach schedule)........ 156,880 Click to see attachment147,250 144,396
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 5,442,467 Click to see attachment4,184,731 4,959,984
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment7,602 Click to see attachment2,956 Click to see attachment2,956
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,528,221 23,208,276 30,410,352
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 attachment193,918 Click to see attachment43,220
23 Total liabilities (add lines 17 through 22).......... 193,918 43,220
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......... 16,279,503 16,279,503
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 6,054,800 6,885,553
30 Total net assets or fund balances (see page 17 of the
instructions).................... 22,334,303 23,165,056
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 22,528,221 23,208,276
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 22,334,303
2 Enter amount from Part I, line 27a..................... 2 830,753
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 23,165,056
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 23,165,056
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 Publicly Traded Securities P    
b Capital Gains Dividends P    
c
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 9,696,991   7,905,166 1,791,825
b 79,149     79,149
c
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       1,791,825
b       79,149
c
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 1,870,974
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 1,392,817 25,188,664 0.055295
2011 1,390,186 24,650,435 0.056396
2010 1,367,303 23,559,121 0.058037
2009 1,352,845 20,766,311 0.065146
2008 1,331,963 25,310,589 0.052625
2 Total of line 1, column (d) ...................... 2 0.287499
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 0.057500
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 28,779,915
5 Multiply line 4 by line 3....................... 5 1,654,845
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 23,633
7 Add lines 5 and 6......................... 7 1,678,478
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,474,259
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 47,265
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 47,265
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 47,265
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 30,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 30,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 255
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 17,520
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet   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$ 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)
    bulletNH
    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 ofbulletAndrew Shabshelowitz co-trustee Telephone no.bullet (508) 672-2182
    Located atbullet263 Walnut StreetFall RiverMA ZIP+4bullet02720
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    49343 Trustee
    10.00     		49,342 0 0
    7 Harwich Road
    Providence,RI02906
    Andrew Shabshelowitz Trustee
    10.00     		49,342 0 0
    263 Walnut Street
    Fall River,MA02720
    Arthur Parker Trustee
    10.00     		49,343 0 0
    8 Harbour Road
    Barrington,RI02806
    Anne Fazendeiro Trustee
    10.00     		49,343 0 0
    173 Auburn Street
    New Bedford,MA02740
    Bernard AG Taradash Trustee
    10.00     		49,343 0 0
    PO Box 488
    Fall River,MA02722
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,438,996
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    47,265
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    47,265
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,391,731
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,391,731
    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
    1,391,731
    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 1,391,731
    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....... 85,338
    b From 2009....... 327,965
    c From 2010....... 211,745
    d From 2011....... 186,056
    e From 2012....... 160,282
    fTotal of lines 3a through e......... 971,386
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 1,474,259
    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..... 1,391,731
    e Remaining amount distributed out of corpus 82,528
    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 1,053,914
    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) ...     		85,338
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		968,576
    10 Analysis of line 9:
    a Excess from 2009.... 327,965
    b Excess from 2010.... 211,745
    c Excess from 2011.... 186,056
    d Excess from 2012.... 160,282
    e Excess from 2013.... 82,528
    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:
    Ann Fazendeiro
    173 Auburn Street
    New Bedford,MA02740
    (508) 997-2297
    bThe form in which applications should be submitted and information and materials they should include:
    A letter indicating purpose for which funds requested accompanied by a copy of the federal exemption letter and evidence that the organization is currently in good standing.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    A minimum of 80% of the Foundation's annual distribution is given to charitable organizations as designated in the trust instrument. The Trustees have discretion as to 20% of the annual distribution. The Trustees' policy is to give to charitable organizations in geographical areas comprising Bristol County, MA, proximate Rhode Island areas, Peterborough, New Hampshire and vicinity and locations that can affect or benefit the inhabitants of Southeastern Massachusetts, Rhode Island, or New Hampshire areas. Generally the targeted areas for giving are the arts, education, especially those that enhance business and entrepreneurial skills, healthcare, and preservation of local culture. The Trustees also favor those organizations that will provide a lasting named memorial whenever possible.
    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
    Altemont Lodge #26
    PO Box 138
    West Peterborough,NH03468     		None Recognized Charity General Support 2,100
    Amos Fortune Forum
    PO Box 153
    Jaffrey,NH034520193     		None Recognized Charity General Support 500
    Andy's Summer Playhouse
    PO Box 601
    Wilton,NH030860601     		None Recognized Charity General Support 500
    Apple Hill Center for Chamber Music
    Apple Hill Road PO Box 217
    East Sullivan,NH034450217     		None Recognized Charity General Support 2,000
    Atlantis Charter School
    2501 South Main Street
    Fall River,MA02721     		None Recognized Charity General Support 5,000
    Blithewold Inc
    101 Ferry Rd
    Bristol,RI02809     		None Recognized Charity General Support 29,000
    Boys' and Girls' Club of New Bedford
    PO Box 1506
    New Bedford,MA02741     		None Recognized Charity General Support 4,000
    Bristol Community College
    777 Elsbree St
    Fall River,MA027207395     		None Recognized Charity Support College Art Gallery 14,000
    Brown University
    PO Box 1860
    Providence,RI02912     		None Recognized Charity Scholarships and Support of University Operations 140,000
    Buttonwood Park Zoological Society Inc
    425 Hawthorne St
    New Bedord,MA02740     		None Recognized Charity General Support 3,000
    Charlton Memorial Hospital Auxiliary Fund
    363 Highland Ave
    Fall River,MA02720     		None Recognized Charity General Support 10,000
    City of New Bedford
    181 Hillman Street Bldg 3
    New Bedford,MA02740     		None Recognized Charity General Support 6,000
    College Light Opera Company
    162 South Cedar Street
    Oberlin,OH44074     		None Recognized Charity General Support 2,000
    Con Val High School
    184 Hancock Road
    Peterborough,NH03458     		None Recognized Charity Scholarships 10,000
    Concerts at the Point
    PO Box 3
    Westport Point,MA02791     		None Recognized Charity General Support 3,000
    Dartmouth High School
    555 Bakerville Road
    North Dartmouth,MA02747     		None Recognized Charity Scholarships 5,000
    Dartmouth Natural Resources Trust
    PO Box P-17 404 Elm St
    Dartmouth,MA02748     		None Recognized Charity Historical Restoration Project 1,000
    Dartmouth-Hitchcock Continuing Education
    One Medical Center Drive
    Lebanon,NH037560001     		None Recognized Charity General Support 124,000
    Eastern Nazarene College
    23 East Elm Ave
    Quincy,MA021702999     		None Recognized Charity Scholarships 52,000
    Fall River High School Alumni Scholarships
    PO Box 2519
    Fall River,MA02722     		None Recognized Charity Scholarships 6,000
    Fall River Historical Society
    457 Rock Street
    Fall River,MA02720     		None Recognized Charity General Support 2,000
    Fall River United Jewish Appeal
    385 High St
    Fall River,MA02720     		None Recognized Charity General Support 10,400
    Faxon Animal Rescue League
    474 Durfee Street
    Fall River,MA02720     		None Recognized Charity General Support 2,000
    First Baptist Church of Fall River
    228 North Main Street
    Fall River,MA027202318     		None Recognized Charity General Support 3,000
    Franklin Pierce University
    College Road PO Box 60
    Rindge,NH034610060     		None Recognized Charity General Support 140,000
    Freetown Historical Society
    3 Slab Bridge Road PO Box 253
    Assonet,MA02702     		None Recognized Charity General Support 86,500
    Happy Valley School
    130 Gulf Road
    Peterborough,NH03458     		None Recognized Charity General Support 500
    Harris Center for Conservation Education
    341 Kings Highway
    Hancock,NH03449     		None Recognized Charity General Support 500
    Home for Little Wanderers Inc
    271 Huntington Ave
    Boston,MA02130     		None Recognized Charity General Support 3,000
    John E Boyd Center
    2028 Rodman St
    Fall River,MA02721     		None Recognized Charity General Support 2,500
    Katie Brown Educational Program
    10 Purchase Street Fifth Floor
    Fall River,MA02720     		None Recognized Charity General Support 5,000
    Lincoln School
    301 Butler Avenue
    Providence,RI02906     		None Recognized Charity Scholarships 10,000
    Lloyd Environmental Center
    430 Potomska Road
    South Dartmouth,MA02748     		None Recognized Charity General Support 1,000
    Lown Cardiovasular Research
    21 Longwood Avenue
    Brookline,MA024465239     		None Recognized Charity Medical Research 14,000
    Masonic Education and Charity Trust
    186 Tremont Street
    Boston,MA02111     		None Recognized Charity Scholarships 140,000
    Massachusetts Eye & Ear
    243 Charles St
    Boston,MA021142500     		None Recognized Charity Eye Melanoma Research 7,500
    Michael's Fund
    966 Walnut St
    Fall River,MA02720     		None Recognized Charity General Support 5,000
    Monadnock Chorus
    PO Box 540
    Peterborough,NH03458     		None Recognized Charity General Support 500
    Monadnock Community Day Care
    PO Box 262
    Peterborough,NH03458     		None Recognized Charity General Support 500
    Monadnock Community Hospital
    452 Old Street Road
    Peterborough,NH03458     		None Recognized Charity Hospital Capital Fund 20,000
    Monadnock Music
    2A Concord St
    Peterborough,NH03458     		None Recognized Charity General Support 500
    Monadnock United Way
    23 Center Street
    Keene,NH034313399     		None Recognized Charity General Support 500
    Monadnock Worksource
    225 Concord Street PO Box 28
    Peterborough,NH03458     		None Recognized Charity General Support 500
    NEADS
    PO Box 213
    West Boylston,MA01583     		None Recognized Charity General Support 500
    National Brain Tumor Society
    124 Watertown St Suite 3H
    Watertown,MA024722500     		None Recognized Charity Medical Research 2,000
    New Bedford Community Rowing
    1213 Purchase Street 2nd Floor
    New Bedford,MA02740     		None Recognized Charity General Support 3,000
    New Bedford Free Public Library
    613 Pleasant St
    New Bedford,MA027406203     		None Recognized Charity General Support 2,000
    New Bedford High School
    230 Hathaway Blvd
    New Bedford,MA02740     		None Recognized Charity Scholarships 22,000
    New Bedford Oceanarium Corp
    PO Box 1906
    New Bedford,MA027411906     		None Recognized Charity General Support 2,000
    New Bedford Port Society
    15 Johnny Cake Hill
    New Bedford,MA02740     		None Recognized Charity General Support 1,000
    New Bedford Symphony Orchestra
    PO Box 2053
    New Bedford,MA02741     		None Recognized Charity General Support 15,000
    New Bedford Whaling Museum
    18 Johnny Cake Hill
    New Bedford,MA027406398     		None Recognized Charity Support Public Education Programs 16,000
    New Hampshire Association for the Blind
    25 Walker Street
    Concord,NH03301     		None Recognized Charity Support Services for Blind 140,000
    New Hampshire Public Radio
    207 North Main Street
    Concord,NH033015003     		None Recognized Charity General Support 500
    Old Rochester Regional High School
    135 Marion Road
    Mattapoisett,MA02739     		None Recognized Charity Scholarships 2,000
    Peterborough Fire Rescue Association Inc
    PO Box 244
    Peterborough,NH03458     		None Recognized Charity General Support 500
    Peterborough Historical Society
    19 Grove St PO Box 58
    Peterborough,NH03458     		None Recognized Charity General Support 6,500
    Peterborough Players
    Hadley Rd PO Box 118
    Peterborough,NH03458     		None Recognized Charity General Support 6,000
    Peterborough Town Library
    2 Concord St
    Peterborough,NH034581515     		None Recognized Charity General Support 1,500
    River Center Family and Community Resource Center
    46 Concord Street
    Peterborough,MH03458     		None Recognized Charity General Support 3,000
    Roger Williams University
    One Old Ferry Road
    Bristol,RI028092921     		None Recognized Charity Scholarships 3,000
    Rotch-Jones-Duff House & Garden Museum Inc
    396 County St
    New Bedford,MA027404934     		None Recognized Charity General Support 14,000
    Saint Francis Xavier Foreign Mission Society
    PO Box 5857
    Holliston,MA017465857     		None Recognized Charity General Support 38,500
    Salve Regina University
    100 Ochre Point Ave
    Newport,RI028404192     		None Recognized Charity Scholarships 5,000
    Schepens Eye Research Institute
    20 Staniford Street
    Boston,MA021142500     		None Recognized Charity Support Eye Research for Macular Degeneration 140,000
    Share Foundation Inc
    285 Old Westport Road
    North Dartmouth,MA02747     		None Recognized Charity General Support 4,500
    Shriners Hospital for Children
    51 Blossom St
    Boston,MA021142699     		None Recognized Charity General Support 5,000
    Society for the Protection of NH Forests
    54 Portsmouth St
    Concord,NH033015400     		None Recognized Charity General Support 10,000
    St Andrews School
    Federal Road
    Barrington,RI02806     		None Recognized Charity Scholarships 7,000
    Strawbery Banke
    PO Box 300
    Portsmouth,NH038020300     		None Recognized Charity General Support 500
    Temple Beth El
    385 High St
    Fall River,MA02720     		None Recognized Charity General Support 1,000
    Thomas Chew Boys & Girls Club
    PO Box 5155
    Fall River,MA02723     		None Recognized Charity General Support 12,000
    Union Congregational Church
    33 Concord Street
    Peterborough,NH03458     		None Recognized Charity General Support 2,500
    United Church of Assonet
    North Main St PO Box 155
    Assonet,MA02702     		None Recognized Charity General Support 500
    United States Equestrian Team
    PO Box 355
    Gladstone,NJ07934     		None Recognized Charity General Support 2,500
    United Way of Greater Fall River
    PO Box 2550
    Fall River,MA02722     		None Recognized Charity General Support 2,500
    University of NH Northeast Passage
    107 Hewitt Hall 4 Library Way
    Durham,NH03824     		None Recognized Charity General Support 10,000
    USS Massachuseets Memorial Committee
    5 Water Street PO Box 111
    Fall River,MA02722     		None Recognized Charity General Support 1,000
    Waterfront Historic Area League of New Beford
    13 Hamilton Street
    New Bedford,MA02740     		None Recognized Charity General Support 3,000
    Westport High School
    19 Main Road
    Westport,MA027904201     		None Recognized Charity Scholarships 10,500
    Westport Historical Society
    PO Box No 3031
    Westport,MA027900700     		None Recognized Charity General Support 5,000
    Westport Land Conservation Trust
    PO Box 3975
    Westport,MA027900700     		None Recognized Charity Land Conservation 15,000
    WGBH Educational Foundation
    One Guest St
    Boston,MA02135     		None Recognized Charity General Support 500
    YMCA Southcoast Inc
    199 North Main Street
    Fall River,MA02720     		None Recognized Charity General Support 7,500
    Zeiterion Theatre
    PO Box 4084
    New Bedford,MA02741     		None Recognized Charity Support Childrens Programs 1,000
    Total .................................bullet 3a 1,400,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 73  
    4 Dividends and interest from securities....     14 693,057  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 1,870,974  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aPartnership K-1s 900099 1,295      
    bPartnership K-1s     14 -359  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 1,295 2,563,745 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,565,040
    (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:
    Grimshaw-Gudewicz Charitable Foundation
    c/o A Shabshelowitz co-trustee
    EIN: 04-6778721
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Shabshelowitz & Co. CPA's 11,910 0   0

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    Grimshaw-Gudewicz Charitable Foundation
    c/o A Shabshelowitz co-trustee
    EIN: 04-6778721
    Name of Bond End of Year Book Value End of Year Fair Market Value
    150M SLM Corp 7.25% due 11/1/16 147,250 144,396

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    Grimshaw-Gudewicz Charitable Foundation
    c/o A Shabshelowitz co-trustee
    EIN: 04-6778721
    Name of Stock End of Year Book Value End of Year Fair Market Value
    10000 Ace Ltd 437,933 1,035,300
    7000 AT&T Inc 187,425 246,120
    12500 Abbott Labs 265,483 479,125
    9000 Apache Corp 679,573 773,460
    30000 Bank of America Corporation 554,247 467,100
    34000 Cisco Sys Inc 677,523 762,620
    5000 Cummins Inc 185,940 704,850
    84646 Double Eagle Pete Co 349,151 194,686
    12000 Dow Chem Co 297,280 532,800
    45000 General Electric Co 948,984 1,261,350
    9100 Johnson & Johnson 510,661 833,469
    15000 Marathon Oil Corp 382,434 529,500
    7500 Microsoft Corp 248,400 280,575
    3000 Nestle SA Sponsored Adr 133,141 220,770
    35000 Pfizer Inc 674,253 1,072,050
    8000 Royal Dutch Shell Plc Spon Adr B 506,394 600,880
    8000 Thermo Fisher Scientific Inc 354,989 890,800
    23000 WP Carey Inc 776,434 1,411,050
    20000 General Mtrs Co Warrant exp 7/10/19 286,557 462,400
    15000 Brookline Bancorp Inc 146,878 143,250
    31868 General Mtrs Co 888,681 1,302,445
    12000 Illinois Tool Wks Inc 607,549 1,008,960
    25000 Leucadia Natl Corp 582,179 708,500
    17000 Merck & Co Inc 566,319 850,850
    4000 Seadrill Limited 149,681 164,320
    1500 Apple Inc 757,225 841,530
    22500 Boston Scientific Corp 132,835 270,450
    25000 Brigus Gold Corp 21,149 19,500
    22000 Newmont Mining Corp 740,003 506,660
    10000 Phillips 66 312,810 771,300
    13000 Total SA Sponsored Adr 576,903 796,510
    1000 Markel Corp 480,445 580,350
    25000 Crimson Wine Group Ltd 204,621 221,000
    11000 Homefed Corp 360,433 402,600
    4160 Royal Dutch Shell Plc Spon Adr A 267,390 296,483
    10000 Verizon Communications Inc 456,800 491,400
    5000 Hercules Tech Growth Cap Inc 75,400 82,000
    10000 American Rlty Cap Pptys Inc 134,691 128,510
    1000 Perrigo Co Plc 152,318 153,460
    2500 Target Corp 156,300 158,175
    1000 IBM 187,639 187,570

    TY 2013 InvestmentsOtherSchedule2
    Name:
    Grimshaw-Gudewicz Charitable Foundation
    c/o A Shabshelowitz co-trustee
    EIN: 04-6778721
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    170856.359 Vanguard Fixed Income AT COST 1,578,863 1,652,181
    6000 Vanguard Specialized Portfolio AT COST 294,099 451,440
    8500 Vanguard Scottsdale Fds Int-Term Corp AT COST 705,181 702,950
    3000 Wisdomtree Tr Emerging Mkts AT COST 130,253 138,270
    70000 Eaton Vance Tax Mngd Gbl Dv Eq AT COST 572,041 700,000
    30000 H&Q Healthcare Fd AT COST 384,529 809,100
    10000 Eaton Vance Risk Mngd Div Eqty AT COST 99,965 112,700
    20000 First Trust High Income L/S Fd AT COST 367,543 344,400
    1764.698 Beck, Mack & Oliver Partners AT COST 26,439 25,235
    1280.111 Beck, Mack & Oliver Global Equity Fd AT COST 25,818 23,708

    TY 2013 OtherAssetsSchedule
    Name:
    Grimshaw-Gudewicz Charitable Foundation
    c/o A Shabshelowitz co-trustee
    EIN: 04-6778721
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Federal Income Tax Refundable 7,602 2,956 2,956


    TY 2013 OtherExpensesSchedule
    Name:
    Grimshaw-Gudewicz Charitable Foundation
    c/o A Shabshelowitz co-trustee
    EIN: 04-6778721
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office Expense 245 0   245
    Investment Fees 200 200   0


    TY 2013 OtherIncomeSchedule2
    Name:
    Grimshaw-Gudewicz Charitable Foundation
    c/o A Shabshelowitz co-trustee
    EIN: 04-6778721
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Partnership K-1s 1,295   1,295
    Partnership K-1s -359 -359 -359


    TY 2013 OtherLiabilitiesSchedule
    Name:
    Grimshaw-Gudewicz Charitable Foundation
    c/o A Shabshelowitz co-trustee
    EIN: 04-6778721
    Description Beginning of Year - Book Value End of Year - Book Value
    5000 Kinder Morgan Energy Partners 52,366 0
    Securities Sold Short 20 Put APA exp 1/19/13 3,555 0
    Securities Sold short 50 Put LUK exp 3/16/13 5,800 0
    Securities Sold Short 20 Put AAPL exp 4/20/13 124,797 0
    Securities Sold Short 50 Put AVP exp 4/20/13 7,400 0
    Securities Sold Short 20 Put WPC exp 1/18/14 0 5,320
    Securities Sold Short 20 Call TMO exp 3/22/14 0 3,700
    Securities Sold Short 30 Put AKAM exp 2/22/14 0 9,330
    Securities Sold Short 5 Call AAPL exp 2/22/14 0 7,350
    Rederal Income Tax Payable 0 17,520


    TY 2013 TaxesSchedule
    Name:
    Grimshaw-Gudewicz Charitable Foundation
    c/o A Shabshelowitz co-trustee
    EIN: 04-6778721
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes Withheld on Dividends 27,580 27,580   0
    New Hampshire Filing Fee 75 0   0
    Federal Excise Paid on Investment Income 47,564 0   0