Form990-PF
Click to see attachment

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

Number and street (or P.O. box number if mail is not delivered to street address)650 Poydras Street No 2521   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New Orleans, LA70130
A Employer identification number

72-6049781
B Telephone number (see instructions)

(504) 581-2549
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$24,817,593J 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 2,027 2,027  
4 Dividends and interest from securities...... 219,412 219,412  
5a Gross rents.............. 97,730 97,730  
b Net rental income or (loss) 82,126
6a Net gain or (loss) from sale of assets not on line 10 1,096,821
b Gross sales price for all assets on line 6a 13,222,727
7 Capital gain net income (from Part IV, line 2)... 1,096,821
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 1,011,772 1,011,772  
12 Total. Add lines 1 through 11........ 2,427,762 2,427,762  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 238,617 219,405   19,212
14 Other employee salaries and wages...... 5,818 5,818   0
15 Pension plans, employee benefits....... 24,776 22,876   1,900
16a Legal fees (attach schedule)......... Click to see attachment 20,629 13,192   7,437
b Accounting fees (attach schedule)....... Click to see attachment 23,813 10,000   13,813
c Other professional fees (attach schedule).... Click to see attachment 47,637 47,637   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 45,693 31,261   1,346
19 Depreciation (attach schedule) and depletion... Click to see attachment 16,054 16,054  
20 Occupancy.............. 53,846 40,000   13,846
21 Travel, conferences, and meetings....... 2,947 0   2,947
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 75,387 64,513   10,874
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 555,217 470,756   71,375
25 Contributions, gifts, grants paid........ 1,181,897 1,181,897
26 Total expenses and disbursements. Add lines 24 and 25 1,737,114 470,756   1,253,272
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 690,648
b Net investment income (if negative, enter -0-) 1,957,006
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............... 360 361 361
2 Savings and temporary cash investments.......... 4,253,999 5,656,803 5,656,803
3 Accounts receivable bullet90,444
Less: allowance for doubtful accounts bullet   61,270 90,444 90,444
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........... 13,086    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 7,259,789 Click to see attachment6,738,736 9,503,533
c Investments—corporate bonds (attach schedule)........ 451,577    
11 Investments—land, buildings, and equipment: basis bullet4,000,260
Less: accumulated depreciation (attach schedule) bullet   3,704,793 4,000,260 6,229,730
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 340,540 Click to see attachment293,407 3,256,682
14 Land, buildings, and equipment: basis bullet229,298
Less: accumulated depreciation (attach schedule) bullet164,778 68,469 Click to see attachment64,520 64,520
15 Other assets (describe bullet) Click to see attachment15,520 Click to see attachment15,520 Click to see attachment15,520
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,169,403 16,860,051 24,817,593
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 attachment8,000 Click to see attachment8,000
23 Total liabilities (add lines 17 through 22).......... 8,000 8,000
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 16,161,403 16,852,051
30 Total net assets or fund balances (see page 17 of the
instructions).................... 16,161,403 16,852,051
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 16,169,403 16,860,051
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 16,161,403
2 Enter amount from Part I, line 27a..................... 2 690,648
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 16,852,051
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 16,852,051
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 HollyFrontier Corp P 2013-02-07 2013-04-11
b Ishares TR Russell 2000 ETF P 2013-08-15 2013-11-13
c Ishares TR Russell 2000 Index fund P 2013-06-20 2013-06-21
d S P D R S & P 500 ETF P 2013-12-05 2013-12-06
e SPDR S&P Midcap 400 ETF P 2013-12-05 2013-12-06
Vanguard Small Cap P 2013-01-25 2013-03-15
ABB LTD ADR P 2009-09-29 2013-02-21
Air Prod & Chemicals Inc P 2010-11-09 2013-08-12
Apple Inc P 2009-03-13 2013-09-23
Bank One Corp P 2011-12-22 2013-01-30
Branch BKG & Tr P 2011-12-21 2013-01-15
Carbo Ceramics Inc P 2012-01-19 2013-06-10
CF INdustries Holdings CF P 2009-04-22 2013-10-29
China Green Agriculture P 2009-06-15 2013-06-10
Devon Energy CP New P 2009-04-22 2013-06-12
E O G Resources P 2009-03-26 2013-05-07
Enerplus Corp P 2011-06-10 2013-04-15
EXELIS Inc P 2009-03-13 2013-04-15
Exelon Corporation P 2012-01-26 2013-02-21
Hess Corporation P 2011-06-23 2013-04-12
IBM P 2009-03-13 2013-10-17
JPMorgan Chase Bonds P 2011-12-21 2013-01-02
Leed Resources PLC P 2010-04-06 2013-12-30
Lukoil Co P 2010-11-09 2013-04-15
McMoRan Exploration Co P 2010-07-29 2013-01-17
Nestle SA Ord P 2009-04-30 2013-08-12
Nike Inc Cl B P 2009-03-13 2013-08-12
Oil Service Holders P 2011-06-23 2013-01-07
Petrochina co P 2009-04-02 2013-04-15
Potash Corp Sask Inc P 2009-04-22 2013-06-10
Prudential Fin P 2011-12-28 2013-01-15
Prudential Fin P 2011-12-21 2013-01-14
PT Telekomunika New P 2009-04-30 2013-02-04
Santarus Inc P 2010-03-29 2013-05-07
Straumann Holdg New P 2009-04-30 2013-04-15
Suncoke Energy Inc P 2011-03-10 2013-06-19
Telecommunications Sys P 2009-11-09 2013-06-10
Titanium Metals Corp P 2009-03-13 2013-02-07
Veolia Enviornment Ord P 2009-05-04 2013-12-30
Whiting Petroleum Corp P 2011-06-23 2013-06-10
Xylem Inc P 2009-03-13 2013-06-20
(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 42,026   49,127 -7,101
b 1,076,412   1,024,716 51,696
c 1,106,187   1,074,502 31,685
d 3,709,648   3,573,933 135,715
e 3,738,343   3,574,309 164,034
315,722   299,859 15,863
83,073   77,515 5,558
86,085   65,058 21,027
213,119   5,011 208,108
100,000   100,000 0
100,000   100,000 0
102,883   168,844 -65,961
76,549   23,788 52,761
9,207   25,040 -15,833
81,696   83,529 -1,833
555,167   285,784 269,383
21,611   49,936 -28,325
32,079   45,062 -12,983
75,836   100,027 -24,191
38,467   37,285 1,182
350,994   180,020 170,974
100,000   100,000 0
    17,587 -17,587
103,635   100,145 3,490
15,953   10,312 5,641
33,611   9,633 23,978
92,670   18,336 74,334
34,447   42,118 -7,671
231,608   187,167 44,441
56,220   37,602 18,618
51,000   51,000 0
100,000   100,000 0
93,991   100,809 -6,818
104,813   25,409 79,404
63,898   36,091 27,807
7,835   6,947 888
12,623   49,961 -37,338
11,550   22,818 -11,268
80,465   117,526 -37,061
33,364   37,395 -4,031
79,940   111,705 -31,765
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       -7,101
b       51,696
c       31,685
d       135,715
e       164,034
      15,863
      5,558
      21,027
      208,108
      0
      0
      -65,961
      52,761
      -15,833
      -1,833
      269,383
      -28,325
      -12,983
      -24,191
      1,182
      170,974
      0
      -17,587
      3,490
      5,641
      23,978
      74,334
      -7,671
      44,441
      18,618
      0
      0
      -6,818
      79,404
      27,807
      888
      -37,338
      -11,268
      -37,061
      -4,031
      -31,765
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 1,096,821
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 993,653 23,095,642 0.043023
2011 637,528 23,402,669 0.027242
2010 655,099 24,357,410 0.026895
2009 861,631 19,607,385 0.043944
2008 632,039 20,296,885 0.031140
2 Total of line 1, column (d) ...................... 2 0.172244
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 0.034449
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 23,588,618
5 Multiply line 4 by line 3....................... 5 812,604
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 19,570
7 Add lines 5 and 6......................... 7 832,174
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,253,272
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 19,570
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 19,570
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 19,570
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 13,086
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 13,086
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 6,484
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)
    bulletLA
    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 ofbulletDorothy McCord Telephone no.bullet (504) 581-2549
    Located atbullet650 Poydras Street No 2521New OrleansLA ZIP+4bullet70130
    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
    Ann Fitzmorris President
    0.00     		0 0 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Stewart Farnet Vice President
    0.00     		0 0 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Thomas B Lemann Secretary Treasurer
    0.00     		0 0 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Michael S Liebaert Executive Director
    35.00     		145,615 14,955 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Dorothy McCord Asst Secretary Treasurer
    35.00     		93,002 3,204 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Patrick W Fitzmorris Asst Executive Director
    30.00     		0 0 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Samuel S Farnet Jr Director
    0.00     		0 0 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    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
    1,179,431
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    19,570
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    19,570
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,159,861
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,159,861
    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
    1,159,861
    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 1,159,861
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 824,078
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 1,253,272
    a Applied to 2012, but not more than line 2a 824,078
    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..... 429,194
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		730,667
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    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
    Academy of the Sacred Heart
    4521 St Charles Avenue
    New Orleans,LA70115     		  Public Charity Education 2,500
    Archbishop's Community Appeal
    1000 Howard Avenue Suite 200
    New Orleans,LA70113     		  Public Charity Civic 1,500
    Arts Council of New Orleans
    935 Gravier St Suite 850
    New Orleans,LA70130     		  Public Charity Arts 25,000
    Associated Catholic Charities
    1000 Howard Avenue Suite 1000
    New Orleans,LA70113     		  Public Charity Charitable 3,000
    Audubon Nature Institute
    P O Box 4327
    New Orleans,LA701784327     		  Public Charity Education 2,500
    Carrollton Boosters
    P O Box 850106
    New Orleans,LA70185     		  Public Charity Civic 1,000
    Center for Disaster Philanthropy
    734 15th STreet NW
    Washington,DC20005     		  Public Charity Civic 10,000
    Chad Barcia Athletic Awareness Foundation
    P O Box 7637
    Metairie,LA700107637     		  Public Charity Education 5,000
    Christ Episcopal School
    80 Christwood Blvd
    Covington,LA70433     		  Public Charity Education 2,000
    Christian Brothers School
    8 Friedrichs Dr
    New Orleans,LA70124     		  Public Charity Education 2,500
    Citizens Organization for Police Support II
    P O Box 15497
    New Orleans,LA701755497     		  Public Charity Civic 10,000
    Delta Waterfowl Foundation
    P O Box 3128
    Bismarck,ND58502     		  Public Charity Environmental 10,000
    National Down Syndrome Society
    P O Box 23453
    New Orleans,LA70183     		  Public Charity Medical 1,000
    Ducks Unlimited
    One Waterfowl Way
    Memphis,TN38120     		  Public Charity Environment 6,000
    Family Services of New Orleans
    2515 Canal Street Suite 201
    New Orleans,LA70119     		  Public Charity Civic 121,313
    Faubourg St John Neighborhood Association
    P O Box 19101
    New Orleans,LA70179     		  Public Charity Civic 1,000
    Fore Kid's Foundation
    11005 Lapalco Blvd
    Avondale,LA70094     		  Public Charity Civic 10,000
    French Camp Academy
    One Fine Place
    French Camp,MS39745     		  Public Charity Education 1,000
    Friends of City Park
    1 Palm Drive
    New Orleans,LA70124     		  Public Charity Civic 20,000
    Garden Conservancy
    P O Box 219
    Coldspring,NY10516     		  Public Charity Educational 1,500
    Girls First
    201 St Charles Avenue Suite 4411
    New Orleans,LA70170     		  Public Charity Education 6,000
    Greater New Orleans Foundation
    1055 St Charles Avenue
    New Orleans,LA70130     		  Public Charity Civic 5,000
    Greater New Orleans Sports Foundation
    2020 St Charles Avenue
    New Orleans,LA70130     		  Public Charity Civic 70,000
    Historic New Orleans Collection
    333 Royal Street
    New Orleans,LA70116     		  Public Charity Civic 50,000
    Immaculate Conception Jesuit Church
    130 Baronne Street
    New Orleans,LA70112     		  Public Charity Religious 2,000
    Junior Achievement
    5100 Orleans Avenue
    New Orleans,LA70124     		  Public Charity Education 3,000
    KidSmart Foundation
    1920 Clio St
    New Orleans,LA70113     		  Public Charity Arts 6,000
    Latter Library Garden Conservancy
    5120 St Charles Avenue
    New Orleans,LA70115     		  Public Charity Civic 3,000
    Longue Vue House & Gardens
    7 Bamboo Road
    New Orleans,LA70124     		  Public Charity Civic 2,000
    Louisiana Civil Service League
    810 Union Street Suite 305
    New Orleans,LA70112     		  Public Charity Civic 3,000
    Louisiana Endowment for the Humanities
    938 Lafayette Street Suite 300
    New Orleans,LA70113     		  Public Charity Civic and Historical 10,000
    Mary Bird Perkins Cancer Center
    1203 S Tyler ST
    Covington,LA70433     		  Public Charity Health Care and Research 4,500
    Metairie Park Country Day School
    300 Park Road
    Metairie,LA70005     		  Public Charity Education 2,000
    Nature Conservancy
    321 St Charles Ave
    New Orleans,LA70130     		  Public Charity Preservation 1,000
    New Beginnings School Foundation
    2045 Lakeshore Drive
    New Orleans,LA70122     		  Public Charity Education 3,000
    New Orleans Botanical Garden Foundation
    1 Palm Drive
    New Orleans,LA70124     		  Public Charity Civic 11,000
    New Orleans Museum of Art
    Collins Diboll Circle
    New Orleans,LA70124     		  Public Charity Arts 55,000
    Newcomb College
    6823 St Charles Avenue
    New Orleans,LA70118     		  Public Charity Educational 2,500
    Notre Dame Seminary
    2901 South Carrollton Avenue
    New Orleans,LA70118     		  Public Charity Religious 5,000
    Our Lady of the Lake Catholic Church
    312 Lafitte St
    Mandeville,LA70448     		  Public Charity Religious 1,000
    Poydras Home
    5354 Magazine Street
    New Orleans,LA70115     		  Public Charity Medical 5,000
    Reconicle New Orleans
    1631 Oretha Castle Haley Blvd
    New Orleans,LA70113     		  Public Charity Education 9,000
    Recreational Fisheries Institute
    1040 Jameson Place
    Covington,LA704336420     		  Public Charity Environment 6,500
    River Road Historical Society
    13034 River Road
    Destrehan,LA70047     		  Public Charity Historical 406,184
    Seelos Center
    919 St Joseph Street
    New Orleans,LA701305071     		  Public Charity Civic 1,000
    Sons of the American Revolution
    1000 South 4th Street
    Louisville,KY40203     		  Public Charity Historical 1,000
    St Dominic's School
    6326 Memphis St
    New Orleans,LA70124     		  Public Charity Educational 2,000
    St George's Catholic School
    7880 St Georges Drive
    Baton Rouge,LA70809     		  Public Charity Educational 5,000
    St John's Historic Cemetery Association
    718 Jackson St
    Thibodaux,LA70301     		  Public Charity Historic 2,000
    St Joseph Abbey
    75376 River Road
    St Benedict,LA75376     		  Public Charity Religious 6,400
    St Louis Cathedral Basilica
    615 Pere Antoine Alley
    New Orleans,LA70116     		  Public Charity Historic Architectural 25,000
    St Mary's Dominican High School
    7701 Walmsley Avenue
    New Orleans,LA70125     		  Public Charity Education 148,500
    St Pius X School
    6600 Spanish Fort Blvd
    New Orleans,LA70124     		  Public Charity Education 1,000
    St Tammany Library
    844 Girod St
    Mandeville,LA70448     		  Public Charity Education 3,000
    Society of the Sacred Heart
    4120 Forest Park Avenue
    St Louis,MO63108     		  Public Charity Education and Religion 5,000
    Southern Dominican Province USA
    1421 N Causeway Blvd Ste 200
    Metairie,LA70001     		  Public Charity Religious 5,000
    Stuart Hall School
    2032 S Carrollton Avenue
    New Orleans,LA70118     		  Public Charity Education 1,500
    Temple Sinai
    6627 St Charles Avenue
    New Orleans,LA70118     		  Public Charity Religious 10,000
    Tennessee WilliamsN O Literary Festival
    938 Lafayette Street Suite 514
    New Orleans,LA70113     		  Public Charity Cultural 2,000
    Tulane University School of Architecture
    6823 St Charles Avenue Room 303
    New Orleans,LA701185665     		  Public Charity Education 55,000
    Total .................................bullet 3a 1,181,897
    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 2,027  
    4 Dividends and interest from securities....     14 219,412  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 82,126  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     15 1,011,772  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 1,096,821  
    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 2,412,158 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,412,158
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    The Azby Fund
    EIN: 72-6049781
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    David Kirk Stirton, CPA 23,813 10,000   13,813

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

    TY 2013 DepreciationSchedule
    Name:
    The Azby Fund
    EIN: 72-6049781
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Furniture & Fixtures 1990-01-01 35,072 35,072 SL 7.000000000000 0 0    
    Furniture & Fixtures 1998-06-30 2,564 2,564 SL 7.000000000000 0 0    
    Computer & Micrometer 1995-01-01 18,841 18,841 SL 5.000000000000 0 0    
    Furniture & Fixtures 1999-06-30 4,873 4,873 SL 7.000000000000 0 0    
    Cost Depletion - See attached computation 1989-01-01 1,105,294 1,093,189 VAR 0 % 12,105 12,105    
    Furniture & Fixtures 2000-06-30 826 826 SL 5.000000000000 0 0    
    Equipment 2002-06-30 5,839 5,839 SL 5.000000000000 0 0    
    Office Equipment 2003-06-30 1,324 1,324 SL 5.000000000000 0 0    
    Furniture & Fixtures 2004-04-30 41,860 20,930 SL 7.000000000000 0 0    
    Leasehold Improvements 2004-04-30 11,634 9,499 SL 10.000000000000 1,163 1,163    
    Computer Equipment 2005-08-18 5,116 5,116 SL 5.000000000000 0 0    
    Computer Equipment 2005-11-17 2,563 2,563 SL 5.000000000000 0 0    
    Computer Equipment 2006-06-30 3,820 3,820 SL 5.000000000000 0 0    
    St. Tammany Trailer & Storage 2006-06-30 10,015 9,301 SL 7.000000000000 714 714    
    Computer Equipment 2007-06-30 6,460 6,460 SL 5.000000000000 0 0    
    Computer & Printer 2008-05-30 5,566 2,783 SL 3.000000000000 0 0    
    File Cabinet 2009-11-19 1,986 887 SL 7.000000000000 284 0    
    Automobile 2009-06-30 60,930   NC 0 % 0 0    
    Apple laptop 2010-07-20 4,224 3,520 SL 3.000000000000 704 0    
    Ipad MSL 2010-07-13 975 813 SL 3.000000000000 162 0    
    IPad PWF 2010-12-19 1,202 1,002 SL 3.000000000000 200 0    
    Computer MSL 2011-04-12 3,608 1,083 SL 5.000000000000 722 0    

    TY 2013 GeneralExplanationAttachment
    Name:
    The Azby Fund
    EIN: 72-6049781
    Identifier Return Reference Explanation
      Statement 16 Part VIII Compensation and Benefits Compensation for Patrick W Fitzmorris is capitalized as follows:Compensation $114,879Benefits 5,906
    Legal Fees - capitalized not deducted Statement 6 Page 1 Line 16A The Fund capitalized legal fees in connection with certain real estate as follows:Taggart Morton $56,162McChord Carrico 39,249Total capitalized 95,5411

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    The Azby Fund
    EIN: 72-6049781
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Amgen Incorporated 64,990 132,675
    Apple Inc 245,745 392,714
    Baker Hughes 37,270 30,006
    Berkshire Hathaway 239,587 355,800
    BHP Billiton 165,737 130,808
    Cameco Corp 25,042 16,284
    Canadian Oil Sands Ltd 100,046 68,600
    Cenovus Energy 58,761 42,975
    CF Industries 97,427 248,188
    ConocoPhillips 38,533 65,422
    Exxon Mobil 164,372 388,102
    Frontier Com 29,051 15,029
    Genuine Parts Co 76,753 132,854
    Gilead Sciences Inc 25,022 83,361
    GlaxoSmithKline 50,017 70,208
    Google Inc 74,823 79,570
    I T T Corporation 37,132 65,130
    Investor AB 55,007 343,000
    Komatsu 48,745 71,120
    L Oreal 97,734 175,966
    Lilly Eli & Co 99,956 143,667
    Merck & Co 49,998 66,667
    Mersen Ord 72,762 45,124
    Nestle SA or 105,960 404,250
    Nike Inc Cla 103,904 668,440
    Occidental Petro 89,936 98,048
    Pepsico Incorporated 75,552 97,786
    Petroleo Brasiliero 204,336 64,628
    Phillips 66 11,451 35,711
    Potash Corp 49,079 44,496
    Praxair Inc 57,392 195,045
    Raytheon Com 185,529 299,310
    Roche Holdings 95,071 281,650
    S. LA Canal & Navigation 3,091 3,091
    Saxon Oil Co 21,809 0
    Schlumberger 61,888 225,275
    Singapore TLCM New 221,014 289,880
    Sirius XM Radio 16,925 8,027
    Sonoco Products Co 30,211 37,548
    SPDR S&P Midcap 400 ETF 749,889 781,440
    SPDR S&P 500 ETF TR 749,742 776,437
    Sumitomo Corp 193,207 123,900
    Toshiba Corp 244,784 168,800
    Total S A AD 75,304 92,028
    Tsakos Energy 90,817 24,040
    Verizon Communications 478,204 624,078
    Vestas Wind 51,384 118,800
    Wells Fargo & Co New 68,227 90,800
    IShares TR Russell 2000 749,520 786,755

    TY 2013 InvestmentsOtherSchedule2
    Name:
    The Azby Fund
    EIN: 72-6049781
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Harvey Canal Partnership AT COST 250,426 250,426
    Minerals FMV 0 2,720,000
    Rigolets Partnership AT COST 10,544 10,544
    Williams Partnership FMV 32,437 275,712

    TY 2013 LandEtcSchedule2
    Name:
    The Azby Fund
    EIN: 72-6049781
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture & Fixtures 35,072 35,072 0  
    Furniture & Fixtures 2,564 2,564 0  
    Computer & Micrometer 18,841 18,841 0  
    Furniture & Fixtures 4,873 4,873 0  
    Furniture & Fixtures 826 826 0  
    Equipment 5,839 5,839 0  
    Office Equipment 1,324 1,324 0  
    Furniture & Fixtures 41,860 41,860 0  
    Leasehold Improvements 11,634 10,662 972  
    Computer Equipment 5,116 5,116 0  
    Computer Equipment 2,563 2,563 0  
    Computer Equipment 3,820 3,820 0  
    St. Tammany Trailer & Storage 10,015 10,015 0  
    Computer Equipment 6,460 6,460 0  
    Computer & Printer 5,566 5,566 0  
    File Cabinet 1,986 1,171 815  
    Automobile 60,930 0 60,930  
    Apple laptop 4,224 4,224 0  
    Ipad MSL 975 975 0  
    IPad PWF 1,202 1,202 0  
    Computer MSL 3,608 1,805 1,803  


    TY 2013 LegalFeesSchedule
    Name:
    The Azby Fund
    EIN: 72-6049781
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Liskow & Lewis 17,437 10,000   7,437
    Taggart Morton 3,192 3,192   0
    McChord Carrico 0 0   0
    Other Legal Fees 0 0   0


    TY 2013 OtherAssetsSchedule
    Name:
    The Azby Fund
    EIN: 72-6049781
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Artworks 3,628 3,628 3,628
    Deposits 11,892 11,892 11,892


    TY 2013 OtherExpensesSchedule
    Name:
    The Azby Fund
    EIN: 72-6049781
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Automotive Expense 20,509 16,000   4,509
    Dues & Subscriptions 2,037 1,000   1,037
    Insurance 12,982 12,982   0
    Miscellaeous Expense 1,511 1,511   0
    Promotion & Entertainment 6,566 1,553   5,013
    Bank Charges 60 60   0
    Timberland Expenses 15,553 15,553   0
    Postage 565 250   315
    Real Estate Taxes 15,404 15,404   0
    Repairs and Maintenance 200 200   0


    TY 2013 OtherIncomeSchedule2
    Name:
    The Azby Fund
    EIN: 72-6049781
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Williams Partners -14,657 -14,657 -14,657
    Royalties 980,422 980,422 980,422
    Other Miscellaneous Income 2,515 2,515 2,515
    Rigolets Limited Partnership 7,729 7,729 7,729
    Harvey Canal Limited Partnership 35,763 35,763 35,763


    TY 2013 OtherLiabilitiesSchedule
    Name:
    The Azby Fund
    EIN: 72-6049781
    Description Beginning of Year - Book Value End of Year - Book Value
    Deposits from others 8,000 8,000


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    The Azby Fund
    EIN: 72-6049781
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management 47,637 47,637   0


    TY 2013 TaxesSchedule
    Name:
    The Azby Fund
    EIN: 72-6049781
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Taxes on Foreign Dividends 15,765 15,765   0
    Payroll Taxes 16,720 15,374   1,346
    Licenses 122 122   0
    Excise Tax 13,086 0   0