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
TACONIC FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)1 HUDSON CITY CENTRE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HUDSON, NY12534
A Employer identification number

26-3530306
B Telephone number (see instructions)

(518) 537-5200
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$293,879J 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) 85,008
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 3,539 3,539  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,441
b Gross sales price for all assets on line 6a 4,933
7 Capital gain net income (from Part IV, line 2)... 1,441
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 89,988 4,980  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,033 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 217 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,250 0   0
25 Contributions, gifts, grants paid........ 82,092 82,092
26 Total expenses and disbursements. Add lines 24 and 25 85,342 0   82,092
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,646
b Net investment income (if negative, enter -0-) 4,980
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............... 57,899 34,979 34,979
2 Savings and temporary cash investments..........      
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)........ 170,637 Click to see attachment258,900 258,900
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 228,536 293,879 293,879
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 228,536 293,879
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).................... 228,536 293,879
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 228,536 293,879
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)............... 1 228,536
2 Enter amount from Part I, line 27a..................... 2 4,646
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 60,697
4 Add lines 1, 2, and 3.......................... 4 293,879
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. 6 293,879
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 ELI LILLY & CO P 1988-02-04 2013-01-08
b ELI LILLY & CO P 2008-12-29 2013-01-08
c ELI LILLY & CO P 2010-03-17 2013-01-08
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 208   161 47
b 208   161 47
c 4,517   3,170 1,347
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       47
b       47
c       1,347
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 1,441
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 94,105 214,792 0.438122
2011 92,398 171,941 0.537382
2010 104,394 133,651 0.781094
2009 99,559 125,341 0.794305
2008 0 34,230 0.000000
2 Total of line 1, column (d) ...................... 2 2.550903
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 0.510181
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 268,016
5 Multiply line 4 by line 3....................... 5 136,737
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 50
7 Add lines 5 and 6......................... 7 136,787
8 Enter qualifying distributions from Part XII, line 4.............. 8 82,092
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 1 100
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............................ 3 100
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- ..... 5 100
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 100
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
     
    No
    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
    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.Click to see attachment
    10
    Yes
     
    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 ofbulletSAMUEL W PHELAN Telephone no.bullet (518) 537-7287
    Located atbulletONE HUDSON CITY CENTREHUDSONNY ZIP+4bullet12534
    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
    JOSEPH W PHELAN DIRECTOR
    1.00     		0 0 0
    ONE HUDSON CITY CENTRE
    HUDSON,NY12534
    SAMUEL P PHELAN DIRECTOR
    1.00     		0 0 0
    ONE HUDSON CITY CENTRE
    HUDSON,NY12534
    RANDALL PHELAN DIRECTOR
    1.00     		0 0 0
    ONE HUDSON CITY CENTRE
    HUDSON,NY12534
    DAVID LESTER DIRECTOR
    1.00     		0 0 0
    ONE HUDSON CITY CENTRE
    HUDSON,NY12534
    WENDY NACK-LAWLOR DIRECTOR
    1.00     		0 0 0
    ONE HUDSON CITY CENTRE
    HUDSON,NY12534
    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
    13,401
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    100
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    100
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    13,301
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    13,301
    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
    13,301
    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 13,301
    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.......  
    b From 2009....... 92,910
    c From 2010....... 97,875
    d From 2011....... 84,001
    e From 2012....... 83,488
    fTotal of lines 3a through e......... 358,274
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 82,092
    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..... 13,301
    e Remaining amount distributed out of corpus 68,791
    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 5 427,065
    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) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		427,065
    10 Analysis of line 9:
    a Excess from 2009.... 92,910
    b Excess from 2010.... 97,875
    c Excess from 2011.... 84,001
    d Excess from 2012.... 83,488
    e Excess from 2013.... 68,791
    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:
    SAMUEL W PHELAN
    ONE HUDSON CITY CENTRE
    HUDSON,NY12534
    (518) 537-5200
    bThe form in which applications should be submitted and information and materials they should include:
    THE TACONIC FOUNDATION WILL REQUIRE FROM ALL RECIPIENTS OF $5,000 OR MORE TO SUBMIT A STATEMENT IN WRITING STATING THE AMOUNT OF SUCH DISBURSEMENT WILL BE USED ONLY IN FURTHERENCE OF THAT ORGANIZATION'S CHARITABLE PURPOSE AND WILL NOT BE USED FOR ANY PURPOSE THAT WOULD JEOPARDIZE THE TAX EXEMPT STATUS OF THAT ORGANIZATION OR THE TACONIC FOUNDATION.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOUNDATION WILL ONLY MAKE GRANTS TO QUALIFYING CHARITABLE ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(3), BUT NO GEOGRAPHIC, CHARITABLE FIELDS, OR TYPES OF INSTITUTION RESTRICTIONS.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JOSEPH PHELAN
    ONE HUDSON CITY CENTRE
    HUDSON,NY12534
    (518) 537-5200
    bThe form in which applications should be submitted and information and materials they should include:
    THE TACONIC FOUNDATION WILL REQUIRE FROM ALL RECIPIENTS OF $5,000 OR MORE TO SUBMIT A STATEMENT IN WRITING STATING THE AMOUNT OF SUCH DISBURSEMENT WILL BE USED ONLY IN FURTHERENCE OF THAT ORGANIZATION'S CHARITABLE PURPOSE AND WILL NOT BE USED FOR ANY PURPOSE THAT WOULD JEOPARDIZE THE TAX EXEMPT STATUS OF THAT ORGANIZATION OR THE TACONIC FOUNDATION.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOUNDATION WILL ONLY MAKE GRANTS TO QUALIFYING CHARITABLE ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(3), BUT NO GEOGRAPHIC, CHARITABLE FIELDS, OR TYPES OF INSTITUTION RESTRICTIONS.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NA
    ONE HUDSON CITY CENTRE
    HUDSON,NY12534
    (518) 537-5200
    bThe form in which applications should be submitted and information and materials they should include:
    N/A
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    AALAS FOUNDATION
    9190 CRESTWYN HILLS DRIVE
    MEMPHIS,TN38125     		NONE PUBLIC CHARITY GENERAL PURPOSE 7,500
    ACLAM FOUNDATION
    20 MACKINNEN PLACE
    EAST LYNE,CT06333     		NONE PUBLIC CHARITY GENERAL PURPOSE 4,000
    AMERICAN DIABETES ASSOCIATION
    2 PINE WEST PLAZA
    ALBANY,NY12208     		NONE PUBLIC CHARITY GENERAL PURPOSE 400
    ALBANY MEDICAL CENTER FOUNDATION
    43 NEW SCOTLAND AVENUE
    ALBANY,NY12208     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,092
    AMERICAN FOUNDATION FOR SUICIDE PREVENTION
    120 WALL ST
    NEW YORK,NY10005     		NONE PUBLIC CHARITY GENERAL PURPOSE 25
    AMERICAN CANCER SOCIETY
    260 OSBORNE RD
    LOUDONVILLE,NY12211     		NONE PUBLIC CHARITY GENERAL PURPOSE 3,835
    AMERICAN HEART ASSOCIATION
    5 BROOKSIDE DRIVE
    WALLINGFORD,CT06492     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    ANCRAMDALE NEIGHBORS HELPING NEIGHBORS ASSOCIATION
    PO BOX 97
    ANCRAMDALE,NY12503     		NONE PUBLIC CHARITY GENERAL PURPOSE 50
    ARMENIAN MISSIONARY ASSOCIATION OF AMERICA
    31 W CENTURY RD
    PARAMUS,NJ07652     		NONE PUBLIC CHARITY GENERAL PURPOSE 150
    BALANCED INNOVATIVE TEACHING STRATEGIES INC
    548 COUNTY ROUTE 13
    OLD CHATHAM,CA12136     		NONE PUBLIC CHARITY GENERAL PURPOSE 220
    BATES COLLEGE
    2 ANDREWS RD
    LEWISTON,ME04240     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    BOY SCOUTS OF AMERICA TROOP 75
    75 PINE STREET
    KINGSTON,NY12401     		NONE PUBLIC CHARITY GENERAL PURPOSE 400
    BERKSHIRE TACONIC COMMUNITY FOUNDATION
    800 N MAIL ST PO BOX 400
    SHEFFIELD,MA01257     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    BIRTH TO FIVE
    498 NW 18TH ST
    RICHMOND,IN47375     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    BOYS & GIRLS CLUB OF WAYNE COUNTY
    1717 S L ST
    RICHMOND,IN47375     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    CAPITAL CITY RESCUE MISSION
    259 S PEARL ST
    ALBANY,NY12413     		NONE PUBLIC CHARITY GENERAL PURPOSE 125
    COLUMBIA COUNTY HABITAT FOR HUMANITY
    829 NEW YORK 66
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    COMMUNITY HOSPICE FOUNDATION
    295 VALLEY VIEW BLVD
    RENSSELAER,NY12144     		NONE PUBLIC CHARITY GENERAL PURPOSE 400
    CYSTIC FIBROSIS FOUNDATION
    16 WADE RD 2
    LATHAM,NY12110     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,500
    FAITH BIBLE CHAPEL
    PO BOX 750
    MILLERTON,NY12546     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    FRIENDS OF CHATHAM PUBLIC LIBRARY
    11 WOODBRIDGE AVE
    CHATHAM,NY12037     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    CHILDREN'S MIRACLE NETWORK
    205 WEST 700 SOUTH
    SALT LAKE CITY,UT84101     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    GERMANTOWN AFTER-SCHOOL PROGRAM
    123 MAIN ST
    GERMANTOWN,NY12526     		NONE PUBLIC CHARITY GENERAL PURPOSE 3,500
    GERMANTOWN DAISY TROOP 1638
    8 MOUNTAIN VIEW AVENUE
    ALBANY,NY12205     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    COARC
    PO BOX 2
    MELLEVILLE,NY12544     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    COLUMBIA COUNTY CHAMBER OF COMMERCE FOUNDATION
    1 N FRONT ST
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 400
    COLUMBIA GREENE COMMUNITY FOUNDATION
    4400 ROUTE 23
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,100
    COLUMBIA GREENE HOSPITAL FOUNDATION
    71 PROSPECT AVE
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000
    COLUMBIA GREENE HUMANE SOCIETY
    125 HUMANE SOCIETY RD
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    GRACE REFORMED CHURCH
    18858 ERWIN ST
    TARZANA,CA91335     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    GREATER BURLINGTON YMCA
    266 COLLEGE ST
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    GREENE COUNTY YOUTH FAIR
    4660 ROUTE 81
    GREENVILLE,NY12083     		NONE PUBLIC CHARITY GENERAL PURPOSE 150
    GREENVILLE EDUCATIONAL FOUNDATION
    PO BOX 129
    GREENVILLE,NY12083     		NONE PUBLIC CHARITY GENERAL PURPOSE 150
    CROHN'S AND COLITIS FOUNDATION OF AMERICA
    385 PARK AVENUE SOUTH 17TH FLOOR
    NEW YORK,NY10016     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    HUDSON DOLLARS FOR SCHOLARS
    PO BOX 1048
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    EPILEPSY FOUNDATION OF NORTHEASTER NY
    3 WASHINGTON SQUARE
    ALBANY,NY12205     		NONE PUBLIC CHARITY GENERAL PURPOSE 750
    HUDSON HIGH SCHOOL DISTRICT
    215 HARRY HOWARD AVENUE
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,500
    FOUNDATION FOR BIOMEDICAL RESEARCH
    818 CONNECITICUT AVE NW SUITE 900
    WASHINGTON,DC20006     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    FRIENDS OF CLERMONT
    87 CLEMONT AVE
    GERMANTOWN,NY12526     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,200
    FRIENDS OF ELMENDORPH
    7592 RT 9
    RED HOOK,NY12571     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    FRIENDS OF HUDSON AREA LIBRARY ASSOCIATION
    400 STATE ST
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 225
    GERMANTOWN CENTRAL SCHOOL
    123 MAIL ST
    GERMANTOWN,NY12526     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,295
    ICHABOD CRANE BOOSTER CLUB
    2910 RTE 9
    KINDERHOOK,NY12106     		NONE PUBLIC CHARITY GENERAL PURPOSE 150
    LEAP INC
    251 COLE HILL RD
    EAST BERNE,NY12059     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    LEUKEMIA & LYMPHOMA SOCIETY
    5 COMPUTER DR W
    ALBANY,NY12205     		NONE PUBLIC CHARITY GENERAL PURPOSE 50
    GERMANTOWN STUDENT EDUCATION FOUNDATION
    PO BOX 533
    GERMANTOWN,NY12526     		NONE PUBLIC CHARITY GENERAL PURPOSE 825
    JOSEPH'S HOUSE & SHELTER INC
    74 FERRY ST
    TROY,NY12180     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    GOLAY CENTER
    1007 E MAIN ST
    CAMBRIDGE CITY,IN47327     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    NENY AFFILIATE OF SUSAN G KOMEN
    PO BOX 13535
    ALBANY,NY12212     		NONE PUBLIC CHARITY GENERAL PURPOSE 120
    NIVERVILLE FIRE DEPARTMENT
    PO BOX 422
    NIVERVILLE,NY12130     		NONE PUBLIC CHARITY GENERAL PURPOSE 50
    NORTHEAST CENTER FOR SPIRITUAL GROWTH INC
    139 FORDHAM ROAD
    VALATIE,IN12184     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    PERFECT TEN AFTER SCHOOL INC
    32 WARREN STREET
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    HEALTHCARE CONSORTIUM
    325 COLUMBIA ST
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 150
    PGSS ALUMNI ASSOCIATION
    161 WEST HILLS DR
    WILLIAMSPORT,PA17701     		NONE PUBLIC CHARITY GENERAL PURPOSE 30
    HOPE HOUSE FUNDING
    PO BOX 38165
    ALBANY,NY12206     		NONE PUBLIC CHARITY GENERAL PURPOSE 350
    RAVENA MID-HUDSON POP WARNER
    PO BOX 243
    RAVENA,NY12143     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    HUDSON OPERA HOUSE
    327 WARREN STREET
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 10,950
    REGENERATIVE RESEARCH FOUNDATION
    ONE DISCOVERY DR
    RENSSELAER,NY12144     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    IS 183 ART SCHOOL
    13 WILLARD HILL ROAD
    STOCKBRIDGE,MA01262     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    KINDERHOOK RUNNERS INC
    PO BOX 100
    KINDERHOOK,NY12106     		NONE PUBLIC CHARITY GENERAL PURPOSE 150
    RONALD MCDONALD HOUSE CHARITIES
    139 S LAKE AVE
    ALBANY,NY12208     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    MAKE-A-WISH NENY
    ONE MUSTANG DRIVE
    COHOES,NY12047     		NONE PUBLIC CHARITY GENERAL PURPOSE 575
    THE NEW YORK BOTANICAL GARDEN
    2900 SOUTHERN BLVD
    BRONX,NY10458     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    THE UNIVERSITY AT ALBANY FOUNDATION
    1400 WASH AVE 226
    ALBANY,NY12222     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    NORTHERN COLUMBIA LITTLE LEAGUE
    PO BOX 264
    KINDERHOOK,NY12106     		NONE PUBLIC CHARITY GENERAL PURPOSE 200
    TOWN OF GERMANTOWN
    50 PALATINE PARK RD
    GERMANTOWN,NY12526     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    VALATIE RESCUE SQUAD
    PO BOX 242
    VALATIE,NY12184     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    OUT OF PITS INC
    PO BOX 2311
    ALBANY,NY12220     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    WAYNE COUNTY INDIANA FOUNDATION INC
    33 SOUTH 7TH STREET
    RICHMOND,IN47374     		NONE PUBLIC CHARITY GENERAL PURPOSE 750
    PROJECT LINUS
    414 WOLVERLEY LANE
    ALLEN,TX75002     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    WESTERN WAYNE DOLLAR FOR SCHOLARS
    215 E PARKWAY DRIVE
    CAMBRIDGE CITY,IN47327     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    REGIONAL FOOD BANK OF NORTHEASTERN NEW YORK
    965 ALBANY SHAKER RD
    LATHAM,NY12110     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,050
    RICHMOND HIGH SCHOOL
    360 HUB ETCHSON PARKWAY
    RICHMOND,IN47974     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    WILDLIFE AND ENVIRONMENTAL CONSERVATION INC
    PO BOX 2359
    MOORPARK,CA93020     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    SALVATION ARMY
    PO BOX 746
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BLVD
    BRONX,NY10460     		NONE PUBLIC CHARITY GENERAL PURPOSE 150
    WILDWOOD FOUNDATION
    2995 CURRY RD
    SCHENECTADY,NY12303     		NONE PUBLIC CHARITY GENERAL PURPOSE 100
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE PUBLIC CHARITY GENERAL PURPOSE 75
    THE COMMUNITY HOSPICE OF COLUMBIAGREENE
    47 LIBERTY ST
    CATSKILL,NY12414     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    THE OLANA PARTNERSHIP
    PO BOX 199
    HUDSON,NY12534     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,000
    TROY DAMIEN CENTER
    392 2ND STREET
    TROY,NY12180     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    TWIN RIVER COUNCIL BSA
    253 WASHINGTON AVE EXT
    ALBANY,NY12205     		NONE PUBLIC CHARITY GENERAL PURPOSE 200
    VENTURA COUNTY OFFICE EDUCATION
    5189 VERDUGO WAY
    CAMARILLO,CA93012     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    WAMC
    339 CENTRAL AVE
    ALBANY,NY12206     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    Total .................................bullet 3a 82,092
    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 ............     		         
    4 Dividends and interest from securities....         3,539
    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 .............     		        1,441
    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 0 4,980
    13Total. Add line 12, columns (b), (d), and (e)..................
    134,980
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    4 DIVIDEND INCOME
    8 GAINS ON SALE OF SECURITIES
    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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2013
    Name of the organization
    TACONIC FOUNDATION INC
     
    Employer identification number

    26-3530306
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 2
    Name of organization
    TACONIC FOUNDATION INC
          		Employer identification number

    26-3530306
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    TACONIC FARMS INC
     

       
    ONE HUDSON CITY CENTRE
     
    HUDSON, NY12534

    		$82,092


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 3
    Name of organization
    TACONIC FOUNDATION INC
          		Employer identification number

    26-3530306
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 4
    Name of organization
    TACONIC FOUNDATION INC
          		Employer identification number

    26-3530306
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 AccountingFeesSchedule
    Name:
    TACONIC FOUNDATION INC
    EIN: 26-3530306
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,033 0   0

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    TACONIC FOUNDATION INC
    EIN: 26-3530306
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 258,900 258,900

    TY 2013 OtherIncreasesSchedule
    Name:
    TACONIC FOUNDATION INC
    EIN: 26-3530306
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 60,697


    TY 2013 SubstantialContributorsSch
    Name:
    TACONIC FOUNDATION INC
    EIN: 26-3530306
    Name Address
    TACONIC FARMS INC
          		273 HOVER AVENUE
    GERMANTOWN,NY12526


    TY 2013 TaxesSchedule
    Name:
    TACONIC FOUNDATION INC
    EIN: 26-3530306
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS FILING FEE 50 0   0
    FEDERAL TAX 123 0   0
    FOREIGN TAX 44 0   0