TY 2013 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do 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.
bullet

Information 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 10-01-2013 , and ending 09-30-2014

Name of foundation
TORTUGA FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)C/O SACKS PRESS 600 THIRD AVENUE Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10016

A Employer identification number

51-0245279

B Telephone number (see instructions)

(212) 682-6640

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$46,131,105J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	392,784		392,784
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		4,074,513
b	Gross sales price for all assets on line 6a 13,337,533
7	Capital gain net income (from Part IV, line 2)...			4,910,320
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........	4,467,297		5,303,104
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).......		3,000	3,000	0
c	Other professional fees (attach schedule)....		246,815	246,815	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)		100,671	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..........	350,486		249,815	0
25	Contributions, gifts, grants paid........	1,365,000			1,365,000
26	Total expenses and disbursements. Add lines 24 and 25	1,715,486		249,815	1,365,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,751,811
b	Net investment income (if negative, enter -0-)			5,053,289
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
Part II		Balance Sheets		(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........		416,359	518,708	518,708
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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)........		24,272,514	26,921,976	45,612,397
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)		24,688,873	27,440,684	46,131,105
		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 )
23		Total liabilities (add lines 17 through 22)..........		0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		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		24,688,873	27,440,684
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		24,688,873	27,440,684
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		24,688,873	27,440,684

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	24,688,873
2	Enter amount from Part I, line 27a.....................	2	2,751,811
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	27,440,684
5	Decreases not included in line 2 (itemize)	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	27,440,684

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	YUM BRANDS INC -1213 SHS	P	2013-01-24	2013-10-10
b	YUM BRANDS INC -219 SHS	P	2013-01-23	2013-10-10
c	YUM BRANDS INC -2333 SHS	P	2013-01-23	2013-10-11
d	YUM BRANDS INC -200 SHS	P	2013-01-23	2013-10-14
e	EQUINIX INC COM NEW -544 SHS	P	2013-02-15	2013-11-05
	EQUINIX INC COM NEW -687 SHS	P	2013-02-15	2013-11-06
	EQUINIX INC COM NEW -416 SHS	P	2013-04-23	2013-11-06
	EQUINIX INC COM NEW -106 SHS	P	2013-04-23	2013-11-07
	EQUINIX INC COM NEW -131 SHS	P	2013-04-24	2013-11-07
	EQUINIX INC COM NEW -365 SHS	P	2013-04-24	2013-11-08
	EQUINIX INC COM NEW -390 SHS	P	2013-04-22	2013-11-08
	EQUINIX INC COM NEW -199 SHS	P	2013-02-27	2013-11-08
	EQUINIX INC COM NEW -260 SHS	P	2013-02-27	2013-11-08
	GILEAD SCIENCES INC -442 SHS	P	2013-08-29	2014-01-22
	GILEAD SCIENCES INC -1168 SHS	P	2013-08-26	2014-01-22
	ALLERGAN INC -508 SHS	P	2014-02-13	2014-04-22
	ALLERGAN INC -57 SHS	P	2014-02-13	2014-04-22
	ALLERGAN INC -461 SHS	P	2014-02-13	2014-04-23
	ALLERGAN INC -820 SHS	P	2014-02-12	2014-04-23
	INTUITIVE SURGICAL INC -12 SHS	P	2013-08-26	2014-04-23
	AMERICAN TOWER CORPORATION-788 SHS	P	2013-07-11	2014-05-06
	AMERICAN TOWER CORPORATION -1314 SHS	P	2013-07-10	2014-05-06
	AMERICAN TOWER CORPORATION -114 SHS	P	2013-07-09	2014-05-06
	INTUITIVE SURGICAL INC -15 SHS	P	2013-08-22	2014-05-06
	INTUITIVE SURGICAL INC -197 SHS	P	2013-08-26	2014-05-06
	INTUITIVE SURGICAL INC -105 SHS	P	2013-08-23	2014-05-06
	VIACOM INC NEW CL B -512 SHS	P	2014-01-22	2014-05-06
	VIACOM INC NEW CL B -1258 SHS	P	2014-01-23	2014-05-06
	INTUITIVE SURGICAL INC -65 SHS	P	2013-08-22	2014-05-07
	INTUITIVE SURGICAL INC -15 SHS	P	2013-08-22	2014-05-07
	INTUITIVE SURGICAL INC -158 SHS	P	2013-08-21	2014-05-07
	INTUITIVE SURGICAL INC -106 SHS	P	2013-08-27	2014-05-07
	VIACOM INC NEW CL B -637 SHS	P	2014-01-23	2014-05-07
	INTUITIVE SURGICAL INC -179 SHS	P	2013-08-27	2014-05-08
	INTUITIVE SURGICAL INC -148 SHS	P	2013-11-08	2014-05-08
	ILLUMINA INC COM -449 SHS	P	2014-05-01	2014-06-16
	ILLUMINA INC COM -685 SHS	P	2014-05-01	2014-06-17
	VIACOM INC NEW CL B -374 SHS	P	2014-01-23	2014-07-10
	VIACOM INC NEW CL B -900 SHS	P	2013-08-13	2014-07-10
	TWENTY FIRST CENTY FOX INC CL A -3493 SHS	P	2014-07-10	2014-07-16
	TWENTY FIRST CENTY FOX INC CL A -2980 SHS	P	2014-07-14	2014-07-16
	TWENTY FIRST CENTY FOX INC CL A -4335 SHS	P	2014-07-11	2014-07-16
	TWENTY FIRST CENTY FOX INC CL A -29 SHS	P	2014-07-15	2014-07-16
	TWENTY FIRST CENTY FOX INC CL A -1355 SHS	P	2014-07-15	2014-07-16
	TWENTY FIRST CENTY FOX INC CL A -3118 SHS	P	2014-07-15	2014-07-17
	QUALCOMM INC -679 SHS	P	2014-01-23	2014-07-30
	QUALCOMM INC -432 SHS	P	2014-01-23	2014-07-30
	OUALCOMM -847 SHS	P	2014-01-22	2014-07-30
	OUALCOMM -1006 SHS	P	2014-01-23	2014-08-04
	QUALCOMM -679 SHS	P	2014-01-23	2014-08-05
	QUALCOMM -15 SHS	P	2014-01-23	2014-08-05
	QUALCOMM -679 SHS	P	2014-01-23	2014-08-06
	QUALCOMM -181 SHS	P	2014-01-24	2014-08-06
	QUALCOMM -61 SHS	P	2014-01-27	2014-08-07
	QUALCOMM -594 SHS	P	2014-01-27	2014-08-07
	QUALCOMM -1045 SHS	P	2014-01-24	2014-08-07
	QUALCOMM -61 SHS	P	2014-01-27	2014-08-08
	YUM BRANDS INC -1411 SHS	P	2010-09-17	2013-10-14
	YUM BRANDS INC -237 SHS	P	2010-09-16	2013-10-14
	YUM BRANDS INC -242 SHS	P	2010-09-16	2013-10-15
	YUM BRANDS INC -1362 SHS	P	2010-08-23	2013-10-15
	YUM BRANDS INC -884 SHS	P	2010-08-26	2013-10-15
	YUM BRANDS INC -839 SHS	P	2010-08-27	2013-10-15
	YUM BRANDS INC -166 SHS	P	2010-08-27	2013-10-16
	YUM BRANDS INC -562 SHS	P	2010-08-25	2013-10-16
	YUM BRANDS INC -1351 SHS	P	2010-08-18	2013-10-16
	YUM BRANDS INC -691 SHS	P	2010-08-30	2013-10-16
	YUM BRANDS INC -223 SHS	P	2010-08-30	2013-10-17
	YUM BRANDS INC -1040 SHS	P	2010-08-20	2013-10-17
	YUM BRANDS INC -992 SHS	P	2010-08-17	2013-10-17
	YUM BRANDS INC -980 SHS	P	2010-08-19	2013-10-17
	YUM BRANDS INC -475 SHS	P	2010-08-19	2013-10-18
	YUM BRANDS INC -583 SHS	P	2010-08-12	2013-10-18
	YUM BRANDS INC -727 SHS	P	2010-08-13	2013-10-18
	YUM BRANDS INC -317 SHS	P	2010-08-16	2013-10-18
	YUM BRANDS INC -383 SHS	P	2010-08-16	2013-10-21
	QUALCOMM INC -1173 SHS	P	2005-02-07	2013-10-30
	OUALCOMM INC -778 SHS	P	2005-02-07	2013-10-31
	4UALCOM INC -20 SHS	P	2006-09-18	2013-10-31
	QUALCOMM INC -749 SHS	P	2006-09-18	2013-11-01
	CHIPOTLE MEXICAN GRILL INC CL A -126 SHS	P	2012-10-12	2014-01-22
	GILEAD SCIENCES INC -690 SHS	P	2012-11-16	2014-01-22
	ILLUMINA INC COM -697 SHS	P	2011-07-28	2014-01-22
	CHIPOTLE MEXICAN GRILL INC CL A -254 SHS	P	2012-10-12	2014-01-23
	ILLUMINA INC COM -1037 SHS	P	2011-07-28	2014-01-23
	CHIPOTLE MEXICAN GRILL INC CL A -257 SHS	P	2012-10-12	2014-01-24
	CHIPOTLE MEXICAN GRILL INC CL A -84 SHS	P	2012-10-12	2014-01-27
	CHIPOTLE MEXICAN GRILL INC CL A -109 SHS	P	2012-10-25	2014-01-27
	ILLUMINA INC CON -415 SHS	P	2011-07-28	2014-01-29
	ILLUMINA INC COM -99 SHS	P	2011-08-31	2014-01-29
	CHIPOTLE MEXICAN GRILL INC CL A -211 SHS	P	2012-10-25	2014-02-06
	CHIPOTLE MEXICAN GRILL INC CL A -47 SHS	P	2012-10-25	2014-02-07
	CHIPOTLE MEXICAN GRILL INC CL A -106 SHS	P	2012-10-25	2014-02-10
	CHIPOTLE MEXICAN GRILL INC CL A -117 SHS	P	2012-10-25	2014-02-11
	CHIPOTLE MEXICAN GRILL INC CL A -16 SHS	P	2012-10-24	2014-02-12
	CHIPOTLE MEXICAN GRILL INC CL A -102 SHS	P	2012-10-25	2014-02-12
	ILLUMINA INC COM -584 SHS	P	2011-08-31	2014-02-12
	ILLUMINA INC COM -442 SHS	P	2011-08-31	2014-02-13
	ILLUMINA INC COM -383 SHS	P	2011-08-30	2014-02-13
	ILLUMINA INC COM -367 SHS	P	2011-08-30	2014-02-13
	ILLUMINA INC CON -196 SHS	P	2011-08-29	2014-02-13
	CME GROUP INC -597 SHS	P	2010-05-21	2014-02-18
	CME GROUP INC -429 SHS	P	2010-02-03	2014-02-18
	CME GROUP INC -1251 SHS	P	2010-02-03	2014-02-19
	CHIPOTLE MEXICAN GRILL -164 SHS	P	2012-10-24	2014-02-20
	CME GROUP INC -380 SHS	P	2010-02-03	2014-02-20
	CME GROUP INC -896 SHS	P	2010-02-02	2014-02-20
	CHIPOTLE MEXICAN GRILL -235 SHS	P	2012-10-24	2014-02-21
	CME GROUP INC -254 SHS	P	2010-02-02	2014-02-21
	CME GROUP INC -878 SHS	P	2013-01-24	2014-02-21
	CHIPOTLE MEXICAN GRILL -141 SHS	P	2012-10-24	2014-02-24
	CME GROUP INC -1203 SHS	P	2013-01-24	2014-02-24
	CME GROUP INC -274 SHS	P	2013-01-23	2014-02-24
	CHIPOTLE MEXICAN GRILL -212 SHS	P	2012-10-24	2014-02-25
	CME GROUP INC -501 SHS	P	2013-01-23	2014-02-25
	CHIPOTLE MEXICAN GRILL -114 SHS	P	2012-10-24	2014-02-26
	CME GROUP INC -651 SHS	P	2013-01-23	2014-02-26
	CME GROUP INC -123 SHS	P	2013-01-23	2014-02-27
	CME GROUP INC -525 SHS	P	2012-02-07	2014-02-27
	CME GROUP INC -553 SHS	P	2012-02-06	2014-02-27
	CME GROUP INC -1327 SHS	P	2012-02-06	2014-02-28
	CME GROUP INC -345 SHS	P	2012-02-06	2014-03-03
	CME GROUP INC -885 SHS	P	2012-02-03	2014-03-03
	CME GROUP INC -272 SHS	P	2011-08-29	2014-03-03
	CME GROUP INC -1603 SHS	P	2011-08-29	2014-03-04
	CME GROUP INC -1037 SHS	P	2011-08-09	2014-03-04
	CME GROUP INC -253 SHS	P	2011-08-09	2014-03-05
	CME GROUP INC -265 SHS	P	2011-08-10	2014-03-05
	CME GROUP INC -3296 SHS	P	2005-04-05	2014-03-05
	CME GROUP INC -79 SHS	P	2005-04-05	2014-03-06
	CME GROUP INC -2957 SHS	P	2009-03-03	2014-03-06
	CME GROUP INC -393 SHS	P	2009-03-03	2014-03-07
	CME GROUP INC -1064 SHS	P	2009-03-02	2014-03-07
	CME GROUP INC -433 SHS	P	2009-03-02	2014-03-10
	CME GROUP INC -178 SHS	P	2009-03-02	2014-03-11
	INTUITIVE SURGICAL INC -156 SHS	P	2013-03-21	2014-04-07
	INTUITIVE SURGICAL INC -192 SHS	P	2013-03-21	2014-04-14
	INTUITIVE SURGICAL INC -289 SHS	P	2013-03-21	2014-04-15
	INTUITIVE SURGICAL INC -106 SHS	P	2012-10-12	2014-04-15
	INTUITIVE SURGICAL INC -128 SHS	P	2012-10-12	2014-04-16
	INTUITIVE SURGICAL INC -22 SHS	P	2012-10-12	2014-04-16
	INTUITIVE SURGICAL INC -22 SHS	P	2012-10-12	2014-04-16
	INTUITIVE SURGICAL INC -45 SHS	P	2012-07-30	2014-04-16
	ALLERGAN INC -287 SHS	P	2011-03-17	2014-04-23
	INTUITIVE SURGICAL INC -472 SHS	P	2012-07-30	2014-04-23
	ALLERGAN INC -58 SHS	P	2011-03-17	2014-04-30
	ALLERGAN INC -1041 SHS	P	2011-03-16	2014-04-30
	ALLERGAN INC -111 SHS	P	2011-03-16	2014-05-01
	ALLERGAN INC -824 SHS	P	2009-06-01	2014-05-01
	GILEAD SCIENCES INC -926 SHS	P	2013-03-14	2014-06-16
	GILEAD SCIENCES INC -588 SHS	P	2013-03-14	2014-06-18
	GILEAD SCIENCES INC -430 SHS	P	2013-03-14	2014-06-19
	GILEAD SCIENCES INC -320 SHS	P	2013-03-14	2014-06-20
	VIACOM INC NEW CL B -39 SHS	P	2012-01-26	2014-07-10
	VIACOM INC NEW CL B -413 SHS	P	2012-01-26	2014-07-11
	VIACOM INC NEW CL B -1288 SHS	P	2012-01-30	2014-07-11
	VIACOM INC NEW CL B -193 SHS	P	2012-01-30	2014-07-14
	VIACOM INC NEW CL B -756 SHS	P	2012-01-27	2014-07-14
	VIACOM INC NEW CL B -293 SHS	P	2012-01-12	2014-07-14
	VIACOM INC NEW CL B -1348 SHS	P	2012-01-12	2014-07-15
	VIACOM INC NEW CL B -58 SHS	P	2012-01-12	2014-07-15
	VIACOM INC NEW CL -282 SHS	P	2012-01-06	2014-07-15
	QUALCOMM INC -1136 SHS	P	2006-09-18	2014-08-08
	VIACOM INC NEW CL B -1937 SHS	P	2012-01-06	2014-08-08
	QUALCOMM INC -718 SHS	P	2006-09-18	2014-08-11
	VIACOM INC NEW CL 8 -713 SHS	P	2012-07-10	2014-08-11
	VIACOM INC NEW CL B -374 SHS	P	2012-01-06	2014-08-11
	VIACOM INC NEW CL B -850 SHS	P	2012-01-11	2014-08-11
	VIACOM INC NEW CL B -121 SHS	P	2012-07-10	2014-08-11
	QUALCOMM INC -465 SHS	P	2006-09-18	2014-08-12
	VIACOM INC NEW CL -1767 SHS	P	2012-07-10	2014-08-12
	QUALCOMM INC -503 SHS	P	2006-09-18	2014-08-13
	VIACOM INC NEW CL B -596 SHS	P	2012-07-10	2014-08-13
	VIACOM INC NEW CL B -1099 SHS	P	2012-01-10	2014-08-13
	QUALCOMM INC -669 SHS	P	2006-09-18	2014-08-14
	QUALCOMM INC -49 SHS	P	2006-07-24	2014-08-14
	VIACOM INC NEW CL B -604 SHS	P	2012-01-10	2014-08-14
	VIACOM INC NEW CL B -848 SHS	P	2012-01-09	2014-08-14
	QUALCOMM INC -239 SHS	P	2006-07-24	2014-08-15
	VIACOM INC NEW CL 8 -1065 SHS	P	2012-01-09	2014-08-15
	VIACOM INC NEW CL B -1579 SHS	P	2012-01-09	2014-08-15
	VIACOM INC NEW CL 8 -81 SHS	P	2012-01-13	2014-08-15
	GILEAD SCIENCES INC -1562 SHS	P	2013-06-21	2014-08-18
	GILEAD SCIENCES INC -940 SHS	P	2013-06-21	2014-08-18
	QUALCOMM INC -1077 SHS	P	2006-07-24	2014-08-18
	VIACOM INC NEW CL B -968 SHS	P	2012-01-13	2014-08-18
	QUALCOMM INC -696 SHS	P	2006-07-24	2014-08-19
	VIACOM INC NEW CL B -6 SHS	P	2012-01-13	2014-08-19
	VIACOM INC NEW CL B -599 SHS	P	2012-01-13	2014-08-19
	VIACOM INC NEW CL B -1090 SHS	P	2012-01-13	2014-08-19
	QUALCOMM INC -1341 SHS	P	2006-07-24	2014-08-20
	QUALCOMM INC -623 SHS	P	2006-07-24	2014-08-21
	QUALCOMM INC -647 SHS	P	2006-07-24	2014-08-22
	QUALCOMM INC -383 SHS	P	2006-07-24	2014-08-25
	QUALCOMM INC -545 SHS	P	2006-07-24	2014-08-26
	QUALCOMM INC -159 SHS	P	2005-04-25	2014-08-26
	QUALCOMN INC -287 SHS	P	2005-04-25	2014-08-27
	QUALCOMM INC -192 SHS	P	2005-04-25	2014-08-28
	QUALCOMM INC -670 SHS	P	2005-04-25	2014-08-29
	QUALCOMM INC -239 SHS	P	2005-04-25	2014-09-02
	GILEAD SCIENCES INC -968 SHS	P	2013-08-23	2014-09-03
	GILEAD SCIENCES INC -710 SHS	P	2013-08-22	2014-09-03
	GILEAD SCIENCES INC -16 SHS	P	2013-08-27	2014-09-03
	QUALCOMM INC -623 SHS	P	2005-04-25	2014-09-03
	3M-11000 SHS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	79,945	80,699	-754
b	14,434	14,411	23
c	155,562	153,515	2,047
d	13,387	13,160	227
e	88,255	123,087	-34,832
	111,342	155,443	-44,101
	67,421	91,024	-23,603
	17,159	23,194	-6,035
	21,206	28,653	-7,447
	56,962	79,836	-22,874
	60,864	83,225	-22,361
	31,056	42,448	-11,392
	40,646	55,460	-14,814
	36,503	26,955	9,548
	96,460	70,880	25,580
	83,314	63,490	19,824
	9,348	7,045	2,303
	75,812	56,976	18,836
	134,851	101,148	33,703
	4,558	4,709	-151
	68,816	61,139	7,677
	114,752	98,580	16,172
	9,956	8,298	1,658
	5,441	5,838	-397
	71,461	77,311	-5,850
	38,088	41,006	-2,918
	42,720	43,177	-457
	104,964	104,925	39
	22,986	25,299	-2,313
	5,304	5,838	-534
	55,874	61,239	-5,365
	37,485	41,025	-3,540
	52,982	53,130	-148
	63,447	69,277	-5,830
	52,459	57,144	-4,685
	76,038	62,970	13,068
	116,918	96,068	20,850
	32,410	31,194	1,216
	77,992	71,577	6,415
	115,150	125,012	-9,862
	98,239	106,368	-8,129
	142,907	154,010	-11,103
	956	1,023	-67
	44,666	47,790	-3,124
	103,002	109,969	-6,967
	51,303	51,334	-31
	32,640	32,660	-20
	63,996	64,256	-260
	73,635	76,056	-2,421
	49,551	51,334	-1,783
	1,095	1,134	-39
	49,440	51,334	-1,894
	13,179	13,557	-378
	4,436	4,476	-40
	43,200	43,587	-387
	75,999	78,269	-2,270
	4,471	4,476	-5
	94,442	64,633	29,809
	15,863	10,854	5,009
	15,996	11,083	4,913
	90,029	57,888	32,141
	58,433	37,532	20,901
	55,458	35,543	19,915
	11,008	7,032	3,976
	37,270	23,800	13,470
	89,593	57,070	32,523
	45,824	29,149	16,675
	14,933	9,407	5,526
	69,644	43,809	25,835
	66,430	41,689	24,741
	65,626	40,955	24,671
	31,831	19,850	11,981
	39,068	23,924	15,144
	48,718	29,796	18,922
	21,243	12,960	8,283
	25,489	15,659	9,830
	81,004	43,364	37,640
	53,795	28,761	25,034
	1,383	739	644
	52,049	27,680	24,369
	64,915	36,503	28,412
	56,984	25,690	31,294
	101,107	41,433	59,674
	128,233	73,586	54,647
	148,366	61,645	86,721
	126,858	74,455	52,403
	40,902	24,335	16,567
	53,075	26,849	26,226
	61,169	24,670	36,499
	14,592	5,168	9,424
	115,049	51,974	63,075
	25,844	11,577	14,267
	57,864	26,110	31,754
	64,102	28,820	35,282
	8,710	3,872	4,838
	55,526	25,125	30,401
	93,513	30,484	63,029
	71,039	23,072	47,967
	61,557	19,816	41,741
	60,128	18,988	41,140
	32,112	10,134	21,978
	45,521	37,711	7,810
	32,711	25,140	7,571
	94,520	73,310	21,210
	90,289	39,693	50,596
	28,096	22,269	5,827
	66,248	52,154	14,094
	129,678	56,877	72,801
	18,875	14,785	4,090
	65,246	50,323	14,923
	77,943	34,126	43,817
	89,441	68,950	20,491
	20,371	15,585	4,786
	117,819	51,310	66,509
	36,923	28,496	8,427
	63,246	27,591	35,655
	47,254	37,028	10,226
	8,959	6,996	1,963
	38,238	28,809	9,429
	40,277	30,228	10,049
	97,767	72,537	25,230
	25,349	18,859	6,490
	65,026	48,158	16,868
	19,985	14,308	5,677
	121,275	84,323	36,952
	78,454	54,469	23,985
	19,320	13,289	6,031
	20,236	13,809	6,427
	251,695	124,375	127,320
	6,067	2,981	3,086
	227,102	104,538	122,564
	30,248	13,894	16,354
	81,893	36,968	44,925
	33,212	15,044	18,168
	13,613	6,184	7,429
	78,035	78,932	-897
	82,552	97,147	-14,595
	120,336	146,227	-25,891
	44,137	52,612	-8,475
	53,460	63,531	-10,071
	9,188	10,919	-1,731
	9,188	10,919	-1,731
	18,794	21,963	-3,169
	47,198	20,176	27,022
	179,292	230,368	-51,076
	9,570	4,077	5,493
	171,770	72,200	99,570
	18,672	7,699	10,973
	138,609	36,698	101,911
	74,895	42,458	32,437
	46,523	26,960	19,563
	34,376	19,716	14,660
	25,601	14,672	10,929
	3,380	1,879	1,501
	35,248	19,902	15,346
	109,926	61,710	48,216
	16,454	9,247	7,207
	64,452	36,212	28,240
	24,980	13,995	10,985
	114,346	64,386	49,960
	4,946	2,770	2,176
	24,048	13,349	10,699
	83,262	41,982	41,280
	155,411	91,691	63,720
	53,342	26,535	26,807
	57,668	33,567	24,101
	30,249	17,704	12,545
	68,748	40,122	28,626
	9,813	5,697	4,116
	34,511	17,185	17,326
	142,399	83,188	59,211
	37,413	18,589	18,824
	47,843	28,059	19,784
	88,220	51,702	36,518
	50,039	24,724	25,315
	3,665	1,733	1,932
	48,735	28,415	20,320
	68,423	39,857	28,566
	17,813	8,454	9,359
	86,293	50,056	36,237
	128,371	74,214	54,157
	6,585	3,786	2,799
	158,157	75,760	82,397
	94,516	45,592	48,924
	80,690	38,095	42,595
	79,404	45,251	34,153
	52,212	24,618	27,594
	490	280	210
	48,923	27,968	20,955
	88,528	50,894	37,634
	101,751	47,433	54,318
	47,912	22,036	25,876
	49,699	22,885	26,814
	29,325	13,547	15,778
	41,871	19,277	22,594
	12,216	5,488	6,728
	22,022	9,906	12,116
	14,664	6,627	8,037
	50,887	23,124	27,763
	17,958	8,249	9,709
	105,136	57,761	47,375
	77,115	42,340	34,775
	1,738	949	789
	47,029	21,502	25,527
	1,389,797	9	1,389,788

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			-754
b			23
c			2,047
d			227
e			-34,832
			-44,101
			-23,603
			-6,035
			-7,447
			-22,874
			-22,361
			-11,392
			-14,814
			9,548
			25,580
			19,824
			2,303
			18,836
			33,703
			-151
			7,677
			16,172
			1,658
			-397
			-5,850
			-2,918
			-457
			39
			-2,313
			-534
			-5,365
			-3,540
			-148
			-5,830
			-4,685
			13,068
			20,850
			1,216
			6,415
			-9,862
			-8,129
			-11,103
			-67
			-3,124
			-6,967
			-31
			-20
			-260
			-2,421
			-1,783
			-39
			-1,894
			-378
			-40
			-387
			-2,270
			-5
			29,809
			5,009
			4,913
			32,141
			20,901
			19,915
			3,976
			13,470
			32,523
			16,675
			5,526
			25,835
			24,741
			24,671
			11,981
			15,144
			18,922
			8,283
			9,830
			37,640
			25,034
			644
			24,369
			28,412
			31,294
			59,674
			54,647
			86,721
			52,403
			16,567
			26,226
			36,499
			9,424
			63,075
			14,267
			31,754
			35,282
			4,838
			30,401
			63,029
			47,967
			41,741
			41,140
			21,978
			7,810
			7,571
			21,210
			50,596
			5,827
			14,094
			72,801
			4,090
			14,923
			43,817
			20,491
			4,786
			66,509
			8,427
			35,655
			10,226
			1,963
			9,429
			10,049
			25,230
			6,490
			16,868
			5,677
			36,952
			23,985
			6,031
			6,427
			127,320
			3,086
			122,564
			16,354
			44,925
			18,168
			7,429
			-897
			-14,595
			-25,891
			-8,475
			-10,071
			-1,731
			-1,731
			-3,169
			27,022
			-51,076
			5,493
			99,570
			10,973
			101,911
			32,437
			19,563
			14,660
			10,929
			1,501
			15,346
			48,216
			7,207
			28,240
			10,985
			49,960
			2,176
			10,699
			41,280
			63,720
			26,807
			24,101
			12,545
			28,626
			4,116
			17,326
			59,211
			18,824
			19,784
			36,518
			25,315
			1,932
			20,320
			28,566
			9,359
			36,237
			54,157
			2,799
			82,397
			48,924
			42,595
			34,153
			27,594
			210
			20,955
			37,634
			54,318
			25,876
			26,814
			15,778
			22,594
			6,728
			12,116
			8,037
			27,763
			9,709
			47,375
			34,775
			789
			25,527
			1,389,788

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	4,910,320
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 . . . . . . . . . . . . . . . .		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? Yes No

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	965,000	29,136,622	0.033120
2011	123,000	28,659,702	0.004292
2010	1,861,512	23,521,236	0.079142
2009	941,938	22,270,700	0.042295
2008	765,000	22,469,173	0.034047

2	Total of line 1, column (d) ......................	2	0.192896
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	0.038579
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	36,090,783
5	Multiply line 4 by line 3.......................	5	1,392,346
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	50,533
7	Add lines 5 and 6.........................	7	1,442,879
8	Enter qualifying distributions from Part XII, line 4..............	8	1,365,000
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	101,066
	hereand 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	101,066
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	101,066
6	Credits/Payments:

a	2013 estimated tax payments and 2012 overpayment credited to 2013	6a	52,000
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	52,000
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	49,066
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

SACKS PRESS LACHER PC Telephone no. bullet

(212) 682-6640

Located at bullet

600 THIRD AVENUENEW YORKNY ZIP+4 bullet

10016

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)........YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
MILDRED SICELOFF	PRES. 5.00	0	0	0
C/O SACKS 600 THIRD AVENUE NEW YORK,NY10016	PRES. 5.00	0	0	0
PATRICIA LIVINGSTON	SEC'Y 5.00	0	0	0
C/O SACKS 600 THIRD AVENUE NEW YORK,NY10016	SEC'Y 5.00	0	0	0

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...................				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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2013)

Page 7

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

Minimum investment return. Enter 5% of line 5..................

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

1,804,539

Tax on investment income for 2013 from Part VI, line 5......

101,066

Income tax for 2013. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

101,066

Distributable amount before adjustments. Subtract line 2c from line 1............

1,703,473

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,703,473

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

1,703,473

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

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)

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				1,703,473
2 Undistributed income, if any, as of the end of 2013:
a Enter amount for 2012 only.......			1,352,781
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: $ 1,365,000
a Applied to 2012, but not more than line 2a			1,352,781
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.....				12,219
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 ..........				1,691,254
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALASKA WILDERNESS LEAGUE 122 C STREET NW WASHINGTON,DC20001	NONE		GENERAL CHARITABLE PURPOSES	50,000
BADLANDS CONSERVATION ALLIANCE 801 NORTH 10TH STREET BISMARK,ND58501	NONE		GENERAL CHARITABLE PURPOSES	45,000
BEAUFORT COUNTY OPEN LANDS 1001 BAY STREET BEAUFORT,SC29902	NONE		GENERAL CHARITABLE PURPOSES	25,000
BRONX CHILDRENS MUSEUM PO BOX 3181 BRONX,NY10451	NONE		GENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSES	30,000
CATSKILL ANIMAL SANCTUARY 316 OLD STAGE ROAD SAUGERTIES,NY12477	NONE		GENERAL CHARITABLE PURPOSES	15,000
CONNECTICUT FUND FOR THE ENVIRONMENT 142 TEMPLE STREET NEW HAVEN,CT06510	NONE		GENERAL CHARITABLE PURPOSES	60,000
CONSERVATION LAND FOUNDATION 160 EAST 12TH STREET DURANGO,CO81301	NONE		GENERAL CHARITABLE PURPOSES	60,000
ENVIRONMENT AND HUMAN HEALTH 1191 RIDGE ROAD NORTH HAVEN,CT06473	NONE		GENERAL CHARITABLE PURPOSES	70,000
GEORGES COUNTY HABITAT FOR HUMANITY 4529 RHODE ISLAND AVENUE NORTH BRENTWOOD,MD20722	NONE		GENERAL CHARITABLE PURPOSES	50,000
GREENPEACE FUND 702 H STREET WASHINGTON,DC20001	NONE		GENERAL CHARITABLE PURPOSES	25,000
HUMANE EDUCATION ADVOCATES REACHING TEACHERS PO BOX 738 MAMARONECK,NY10543	NONE		GENERAL CHARITABLE PURPOSES	30,000
LEAGUE OF CONSERVATION VOTERS 1920 L STREET NW WASHINGTON,DC20036	NONE		GENERAL CHARITABLE PURPOSES	35,000
MOUNT GRACE LAND CONSERVATION TRUST 1461 OLD KEENE ROAD ATHOL,MA01331	NONE		GENERAL CHARITABLE PURPOSES	35,000
NEVADA WILDERNESS PROJECT 333 FLINT STREET RENO,NV89501	NONE		GENERAL CHARITABLE PURPOSES	40,000
NEW MEXICO WILDERNESS ALLIANCE PO BOX 25464 ALBUQUERQUE,NM87125	NONE		GENERAL CHARITABLE PURPOSES	30,000
OREGON NATURAL DESERT ASSOCIATION 50 SW BOND AVENUE BEND,OR97702	NONE		GENERAL CHARITABLE PURPOSES	50,000
PLANNED PARENTHOOD OF SOUTHERN NEW ENGLAND 345 WHITNEY AVENUE NEW HAVEN,CT06511	NONE		GENERAL CHARITABLE PURPOSES	50,000
ROUNDOUT-ESOPUS LAND CONSERVANCY 112 SPIRNG STREET SARATOGA SPRINGS,NY12866	NONE		GENERAL CHARITABLE PURPOSES	5,000
SCENIC HUDSON ONE CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE,NY12601	NONE		GENERAL CHARITABLE PURPOSES	25,000
THE WILDERNESS SOCIETY 1615 M STREET NW WASHINGTON,DC20036	NONE		GENERAL CHARITABLE PURPOSES	95,000
WOODSTOCK LAND CONSERVANCY PO BOX 864 WOODSTOCK,NY12498	NONE		GENERAL CHARITABLE PURPOSES	12,000
WYOMING WILDERNESS ASSOCIATION 224 SOUTH MAIN SHERIDAN,WY82801	NONE		GENERAL CHARITABLE PURPOSES	45,000
ARIZONA WILDERNESS SOCIETY 1615 M STREET NW WASHINGTON,DC20036	NONE		GENERAL CHARITABLE PURPOSES	35,000
INSTITUTE FOR ENERGY ECONOMICS 3430 ROCKY RIVER ROAD CLEVELAND,OH44111	NONE		GENERAL CHARITABLE PURPOSES	35,000
NATURE CONSERVANCY OF CONNECTICUT 55 CHURCH STREET NEW HAVEN,CT06510	NONE		GENERAL CHARITABLE PURPOSES	40,000
NEW YORK PUBLIC INTEREST RESEARCH 9 MURRAY STREET NEW YORK,NY10007	NONE		GENERAL CHARITABLE PURPOSES	5,000
OCENA 1350 CONNECTICUT AVENUE WASHINGTON,DC20036	NONE		GENERAL CHARITABLE PURPOSES	35,000
OPEN SPACE INSTITUTE 1350 BROADWAY NEW YORK,NY10018	NONE		GENERAL CHARITABLE PURPOSES	25,000
PEW CAMPAIGN FOR AMERICA'S WILDERNESS ONE COMMERCE SQUARE PHILADELPHIA,PA19103	NONE		GENERAL CHARITABLE PURPOSES	80,000
RAILS TO TRAILS CONSERVANCY 2121 WARD CT NW 5TH FLOOR WASHINGTON,DC20037	NONE		GENERAL CHARITABLE PURPOSES	60,000
SOUTHEASTERN ALASKA CONSERVATION COUNCIL 224 GOLD STREET JUNEAU,AK99801	NONE		GENERAL CHARITABLE PURPOSES	35,000
UNIVERSITY OF WASHINGTON FOUNDATION 407 GERBERDING HALL SEATTLE,WA98195	NONE		GENERAL CHARITABLE PURPOSES	35,000
WASHINGTON ENVIRONMENTAL COUNCIL 1402 3RD AVENUE SAN FRANCISCO,WA98101	NONE		GENERAL CHARITABLE PURPOSES	20,000
WILD SOUTH'S TENESSEE WILDERNESS CAMPAIGH 16 EAGLE STREET ASHVILLE,NC28801	NONE		GENERAL CHARITABLE PURPOSES	40,000
WOODS HOLE RESEARCH CENTER 149 WOODS HOLE ROAD FALMOUTH,MA02540	NONE		GENERAL CHARITABLE PURPOSES	25,000
WOODSTOCK FARM ANIMAL SANCTUARY 35 VAN WAGNER ROAD WILLOW,NY12495	NONE		GENERAL CHARITABLE PURPOSES	5,000
NY COALITION FOR HEALTHY SCHOOL FUND 141 HALSTEAD STREET MAMARONECK,NY10543	NONE		GENERAL CHARITABLE PURPOSES	8,000
Total ................................. 3a				1,365,000

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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....			14	392,784
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property .............
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory .............			18	4,074,513
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		4,467,297	0

13Total. Add line 12, columns (b), (d), and (e)..................

134,467,297

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2013)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2013 AccountingFeesSchedule

Name:

TORTUGA FOUNDATION

EIN: 51-0245279

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	3,000	3,000		0

- TIN:

TY 2013 InvestmentsCorpStockSchedule

Name:

TORTUGA FOUNDATION

EIN: 51-0245279

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CORPORATE STOCK	26,921,976	45,612,397

- TIN:

TY 2013 OtherProfessionalFeesSchedule

Name:

TORTUGA FOUNDATION

EIN: 51-0245279

Category	Amount	Net Investment Income
INVESTMENT ADVISORY	159,010	159,010
GRANT CONSULTING FEE	71,250	71,250
CUSTODY FEE	16,555	16,555

- TIN:

TY 2013 TaxesSchedule

Name:

TORTUGA FOUNDATION

EIN: 51-0245279

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE	100,671	0		0