Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)C/O ARCHEGOS CAPITAL 620 EIGHTH AVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New York, NY10018
A Employer identification number

20-8050779
B Telephone number (see instructions)

(212) 984-2561
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$73,748,959J 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) 16,615
2 Check bullet
3 Interest on savings and temporary cash investments 24,614 24,614  
4 Dividends and interest from securities...... 190,147 190,147  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,880,964
b Gross sales price for all assets on line 6a 7,846,289
7 Capital gain net income (from Part IV, line 2)... 1,880,964
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........ 2,112,340 2,095,725  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 937,383 190,000   747,383
15 Pension plans, employee benefits....... 68,036     68,036
16a Legal fees (attach schedule)......... Click to see attachment 69,094     69,094
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 0      
19 Depreciation (attach schedule) and depletion... Click to see attachment 6,284 3,144  
20 Occupancy.............. 70,116     70,116
21 Travel, conferences, and meetings....... 81,204     81,204
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 185,556     185,556
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,417,673 193,144   1,221,389
25 Contributions, gifts, grants paid........ 7,729,591 7,729,591
26 Total expenses and disbursements. Add lines 24 and 25 9,147,264 193,144   8,950,980
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,034,924
b Net investment income (if negative, enter -0-) 1,902,581
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............... 848,972 757,319 757,319
2 Savings and temporary cash investments.......... 34,404,726 12,882,171 12,882,171
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........   Click to see attachment10,603,735 16,511,737
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 29,537,032 Click to see attachment33,506,208 43,580,722
14 Land, buildings, and equipment: basis bullet29,088
Less: accumulated depreciation (attach schedule) bullet17,478 17,894 Click to see attachment11,610 11,610
15 Other assets (describe bullet) Click to see attachment16,800 Click to see attachment5,400 Click to see attachment5,400
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 64,825,424 57,766,443 73,748,959
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment2,727
23 Total liabilities (add lines 17 through 22)..........   2,727
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......... 64,825,424 57,763,716
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 64,825,424 57,763,716
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 64,825,424 57,766,443
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 64,825,424
2 Enter amount from Part I, line 27a..................... 2 -7,034,924
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 57,790,500
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 26,784
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 57,763,716
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 TIGER GLOBAL, LTD. (CLASS E) P 2007-02-01 2013-01-01
b TIGER GLOBAL, LTD. (CLASS C) P 2008-01-01 2013-01-01
c WHITE ELM CAPITAL OFFSHORE, LTD P 2008-06-01 2013-07-01
d TIGER CONSUMER, LTD P 2008-01-01 2013-07-01
e CASCABEL OFFSHORE LTD P 2011-03-01 2013-07-01
AXIAL CAPITAL OFFSHORE, LTD P 2008-04-01 2013-12-01
AXIAL CAPITAL OFFSHORE LTD. P 2007-02-01 2013-12-01
(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 1,487,100 0 596,331 890,769
b 1,810,300 0 1,192,658 617,642
c 1,500,000 0 1,177,668 322,332
d 1,000,000 0 748,241 251,759
e 1,500,000 0 1,429,959 70,041
541,434 0 812,928 -271,494
7,455 0 7,540 -85
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 0 0 0 890,769
b 0 0 0 617,642
c 0 0 0 322,332
d 0 0 0 251,759
e 0 0 0 70,041
0 0 0 -271,494
0 0 0 -85
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 1,880,964
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 6,938,326 72,420,766 0.095806
2011 4,502,762 70,741,771 0.063651
2010 4,839,400 71,473,744 0.067709
2009 4,368,671 71,000,360 0.061530
2008 1,471,941 73,822,641 0.019939
2 Total of line 1, column (d) ...................... 2 0.308635
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 0.061727
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 70,887,381
5 Multiply line 4 by line 3....................... 5 4,375,665
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 19,026
7 Add lines 5 and 6......................... 7 4,394,691
8 Enter qualifying distributions from Part XII, line 4.............. 8 8,950,980
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 19,026
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 19,026
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 19,026
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 6,408
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. : -56408 7 56,408
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 37,382
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet37,382 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPATRICK HALLIGAN Telephone no.bullet (212) 984-2561
    Located atbulletC/O ARCHEGOS CAPITAL 620 EIGHTH AVENYNY ZIP+4bullet10178
    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
     
    No
    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
     
    No
    .........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
    MARK W SHAW PRESIDENT
    40.00     		369,039 0 0
    568 HARRISTOWN ROAD
    GLEN ROCK,NJ07452
    SUNG KOOK HWANG DIRECTOR
    2.00     		0 0 0
    26 TRAFALGAR ROAD
    TENAFLY,NJ07670
    BECKY HWANG V.P./DIRECTOR
    2.00     		0 0 0
    26 TRAFALGAR ROAD
    TENAFLY,NJ07670
    PATRICK HALLIGAN TREASURER
    5.00     		0 0 0
    3 MAGNOLIA LANE
    SYOSSET,NY11791
    JEANNE COX SECRETARY
    1.00     		0 0 0
    PO BOX 2018
    NY,NY10163
    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.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,544,369
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    19,026
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    19,026
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,525,343
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,525,343
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    3,525,343
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 3,525,343
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012....... 2,690,875
    fTotal of lines 3a through e......... 2,690,875
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 8,950,980
    a Applied to 2012, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2013 distributable amount..... 3,525,343
    e Remaining amount distributed out of corpus 5,425,637
    5 Excess distributions carryover applied to 2013.    
    (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 8,116,512
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		8,116,512
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012.... 2,690,875
    e Excess from 2013.... 5,425,637
    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).)
    SUNG KOOK HWANG
    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.
    NA
    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
    A ROCHA USA
    PO Box 1338
    FREDERICKSBURG,TX78624     		  509(a)1170(b)(1)(A) ENVIRONMENTAL 50,000
    AMERICAN BIBLE SOCIETY
    1865 Broadway
    NEW YORK,NY10023     		  509(a)1170(b)(1)(A) RELIGIOUS 15,000
    AMERICAN CANCER SOCIETY
    4160 Main St 307
    FLUSHING,NY11355     		  509(a)1170(b)(1)(A) MEDICAL 2,500
    AMERICAN RED CROSS
    520 W 49th St
    NEW YORK,NY10019     		  509(a)1170(b)(1)(A) MEDICAL 250
    BOMBAY TEEN CHALLENGE
    7742 Spalding Drive
    NORCROSS,GA30092     		  509(a)1170(b)(1)(A) HUMANITARIAN 1,500
    BOWERY MISSION
    227 Bowery
    NEW YORK,NY10002     		  509(a)1170(b)(1)(A) HUMANITARIAN 1,000
    CHRISTIAN EMBASSY
    144 E 44th St 720
    NEW YORK,NY10017     		  509(a)1170(b)(1)(A) RELIGIOUS 25,000
    CITY SEMINARY OF NEW YORK
    302 WEST 119TH STEET
    NEW YORK,NY10026     		  509(a)1170(b)(1)(A) RELIGIOUS 150,000
    CONCERTS OF PRAYER
    4604 31st Ave
    ASTORIA,NY11103     		  509(a)1170(b)(1)(A) RELIGIOUS 175,000
    DEFY VENTURES INC
    440 W 34TH STREET
    NEW YORK,NY10001     		  509(a)1170(b)(1)(A) HUMINITARIAN 200,000
    DOCTORS WITHOUT BORDERS
    333 7th Avenue 2nd Floor
    NEW YORK,NY10001     		  509(a)1170(b)(1)(A) MEDICAL 650
    DWIGHT-ENGLEWOOD SCHOOL
    315 EAST PALISADE AVE
    ENGLEWOOD,NJ07631     		  509(a)1170(b)(1)(A) EDUCATION 320,000
    EMOTIONALLY HEALTHY SPRITUALITY
    82-10 Queens Blvd
    ELMHURST,NY11373     		  509(a)1170(b)(1)(A) RELIGIOUS 100,000
    FOUNTAIN OF LIFE FAMILY WORSHIP
    633 WEST BADGER ROAD
    MADISON,WI53703     		  509(a)1170(b)(1)(A) EDUCATION 65,000
    FULLER THEOLOGICAL SEMINARY
    135 N Oakland Ave
    PASADENA,CA91101     		  509(a)1170(b)(1)(A) EDUCATION 167,000
    HERE'S LIFE INNER CITY
    2112 Broadway St NE Suite 100
    MINNEAPOLIS,MN55413     		  509(a)1170(b)(1)(A) HUMANITARIAN 45,000
    HOLY NAME MEDICAL CENTER
    718 Teaneck Road
    TEANECK,NJ07666     		  509(a)1170(b)(1)(A) MEDICAL 25,000
    HOBOKEN GRACE CHURCH
    301 Garden S
    HOBOKEN,NJ07030     		  509(a)1170(b)(1)(A) RELIGIOUS 1,000
    HOLY NAME HEALTH CARE FOUNDATION
    718 TEANECK ROAD
    TEANECK,NJ07666     		  509(a)1170(b)(1)(A) MEDICAL 200,000
    HOPE FOR NEW YORK
    1359 BROADWAY
    NEW YORK,NY10004     		  509(a)1170(b)(1)(A) HUMANITARIAN 255,500
    IMENTOR
    30 Broad Street 9th Floor
    NEW YORK,NY10004     		  509(a)1170(b)(1)(A) EDUCATIONAL 200,000
    INFINITY NEW YORK CHURCH
    1326 Morrison Ave
    BRONX,NY10472     		  509(a)1170(b)(1)(A) RELIGIOUS 5,000
    INHERITANCE OF HOPE
    PO Box 90
    PISGAH FOREST,NC28768     		  509(a)1170(b)(1)(A) HUMANITARIAN 100,000
    INTERNATIONAL JUSTICE MISSION
    PO Box 58147
    WASHINGTON,DC20037     		  509(a)1170(b)(1)(A) HUMANTIARIAN 250,000
    INTERVARSITY CHRISTIAN FELLOWSHIP
    6400 Schroeder Road
    MADISON,WI53707     		  509(a)1170(b)(1)(A) RELIGIOUS 22,500
    KCCC USA
    501 FIFTH AVE 3RD FL
    LOS ANGELES,CA90017     		  509(a)1170(b)(1)(A) RELIGIOUS 60,500
    KOREAN AMERICAN FAMILY SERVICE CENTER
    PO BOX 541429
    FLUSHING,NY11354     		  509(a)1170(b)(1)(A) CULTURAL 55,000
    KOREAN EVANGELICAL MISSION FOR HISPANICS
    2148 Seaview Dr
    FULLTERON,CA92833     		  509(a)1170(b)(1)(A) RELIGIOUS 420,000
    KOREAN CHURCHES FOR COMMUNITY DEVELOPMENT
    3550 Wilshire Boulevard Suite 736
    LOS ANGELES,CA90010     		  509(a)1170(b)(1)(A) COMMUNITY 10,000
    KOREAN HOPE EVANGELICAL CHURCH OF NY
    58-59 208th Street
    OAKLAND GARDENS,NY11364     		  509(a)1170(b)(1)(A) RELIGIOUS 500
    KOWIN USA
    4001 W Devon Ave 507
    CHICAGO,IL60646     		  509(a)1170(b)(1)(A) CULTURAL 4,000
    LINK
    1751 TORRANCE BLVD STE L
    TORRANCE,CA90501     		  509(a)1170(b)(1)(A) HUMANITARIAN 370,000
    LUMOON VISION
    PO BOX 539
    NEW YORK,NY10163     		  509(a)1170(b)(1)(A) MEDICAL 75,000
    MANHATTAN CHRISTIAN ACADEMY
    401 WEST 205TH STREET
    NEW YORK,NY10034     		  509(a)1170(b)(1)(A) EDUCATIONAL 125,000
    MANY HOPES
    67 Trotting Park Road
    East Falmouth,MA02536     		  509(a)1170(b)(1)(A) HUMANITARIAN 4,000
    MIDTOWN PREGNANCY SUPPORT CENTER
    110 E 40TH ST 706
    NEW YORK,NY10016     		  509(a)1170(b)(1)(A) MEDICAL 50,000
    MINKWON CENTER FOR COMMUNITY ACTION
    13619 41st Ave 3
    FLUSHING,NY11355     		  509(a)1170(b)(1)(A) COMMUNITY 25,000
    NEHEMIAH
    PO BOX 259861
    MADISON,WI53725     		  509(a)1170(b)(1)(A) RELIGIOUS 175,250
    NEW CANAAN SOCIETY INC
    PO Box 111
    NEW CANAAN,CT06840     		  509(a)1170(b)(1)(A) HUMANITARIAN 50,000
    NEW HORIZON COMMUNITY REENTRY
    2321 HILLHURST AV
    LOS ANGELES,CA90027     		  509(a)1170(b)(1)(A) HUMANITARIAN 50,000
    NEWLIFE FELLOWSHIP CHURCH
    82-10 Queens Boulevard
    ELMHURST,NY11373     		  509(a)1170(b)(1)(A) RELIGIOUS 250,000
    NEW YORK CITY RELIEF
    1359 Broadway
    NEW YORK,NY10018     		  509(a)1170(b)(1)(A) HUMANITARIAN 50,000
    NEWSONG COMMUNITY CHURCH
    3985 Mission Ave
    OCEANSIDE,CA92058     		  509(a)1170(b)(1)(A) RELIGIOUS 150,000
    NOMI NETWORK
    po box 533
    NEW YORK,NY10116     		  509(a)1170(b)(1)(A) HUMANITARIAN 25,000
    NURU INTERNATIONAL
    71 MANZANITA ROAD
    ATHER PON,CA94027     		  509(a)1170(b)(1)(A) EDUCATIONAL 75,000
    OPEN HANDS LEGAL SERVICES INC
    244 5th Avenue Suite 2129
    NEW YORK,NY10001     		  509(a)1170(b)(1)(A) HUMANITARIAN 20,000
    OTR LIVING WATER MINISTRY
    1528 Race Street
    CINCINNATI,OH45202     		  509(a)1170(b)(1)(A) RELIGIOUS 20,000
    PILGRIM CHURCH
    18 Essex Rd
    PARAMUS,NJ07652     		  509(a)1170(b)(1)(A) RELIGIOUS 500
    PRISON FELLOWSHIP MINISTRIES
    44180 Riverside Parkway
    LANDOWNE,VA20176     		  509(a)1170(b)(1)(A) RELIGIOUS 25,000
    RAVI ZACAHRIAS INTERNATIONAL MINSTRIES
    4725 Peachtree Corners Cir 250
    NORCROSS,GA30092     		  509(a)1509(a)1 RELIGIOUS 250,000
    REDEEMER CITY TO CITY
    1359 BROADWAY 4TH FLOOR
    NEW YORK,NY10018     		  509(a)1170(b)(1)(A) RELIGIOUS 280,000
    REDEEMER PRESBYTERIAN CHURCH
    1359 Broadway
    NEW YORK,NY10018     		  509(a)1170(b)(1)(A) RELIGIOUS 375,000
    REFORMED UNIVERSITY FELLOWSHIP
    1700 N Brown Road Suite 104
    LAWRENCEVILLE,GA30043     		  509(a)1170(b)(1)(A) EDUCATIONAL 17,500
    RESTORE NYC
    PO Box 1003 Bowling Green Station
    NEW YORK,NY10274     		  509(a)1170(b)(1)(A) COMMUNITY 25,000
    RISING TIDE CAPITAL
    334 MARTIN LUTHER KING JR DR
    JERSEY CITY,NJ07305     		  509(a)1170(b)(1)(A) HUMANITARIAN 125,000
    SEJONG INC
    PO BOX 337
    CLOSTER,NJ07624     		  509(a)1170(b)(1)(A) CULTURAL 9,000
    SOCRATES IN THE CITY
    49 West 84th Street 2
    NEW YORK,NY10024     		  509(a)1170(b)(1)(A) EDUCATIONAL 10,000
    THE BROOKLYN TABERNACLE
    17 Smith St
    BROOKLYN,NY11201     		  509(a)1170(b)(1)(A) RELIGIOUS 500,000
    THE CHURCH PLANTING CENTER
    1359 BROADWAY 4TH FLOOR
    NEW YORK,NY10018     		  509(a)1170(b)(1)(A) COMMUNITY 35,000
    THE FELLOWSHIP OF FATHERS FOUNDATION
    21 L STREET
    WASHINGTON,DC20004     		  509(a)1170(b)(1)(A) HUMANITARIAN 15,000
    THE GP CHAMBER OF COM EDU FOUNDATION INC
    17006 Mack Ave
    GROSSE POINT PARK,MI48236     		  509(a)1170(b)(1)(A) EDUCATIONAL 2,500
    THE KING'S COLLEGE
    52 Broadway
    NEW YORK,NY10004     		  509(a)1170(b)(1)(A) EDUCATIONAL 301,000
    THE KOREA SOCIETY
    950 3rd Ave
    NEW YORK,NY10022     		  509(a)1170(b)(1)(A) HUMANITARIAN 50,000
    THE METROPOLITAN OPERA
    Lincoln Center Plaza
    NEW YORK,NY10023     		  509(a)1170(b)(1)(A) ARTS 50,000
    THE NEW YORK FELLOWSHIP
    232 East 32nd Street
    NEW YORK,NY10016     		  509(a)1170(b)(1)(A) EDUCATIONAL 4,000
    THE OFFICERS CHRISTIAN FELLOWSHIP
    3784 South Inca
    ENGLEWOOD,CO80110     		  509(a)1170(b)(1)(A) RELIGIOUS 9,090
    THEOLOGY OF WORK PROJECT
    PO Box 218
    HAMILTON,MA01936     		  509(a)1170(b)(1)(A) HUMANITARIAN 50,000
    UNITED METHODIST COMMITTEE ON RELIEF
    475 Riverside Drive Room 1520
    NEW YORK,NY10115     		  509(a)1170(b)(1)(A) COMMUNITY 1,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    USC
    LOS ANGELES,CA90089     		  509(a)1170(b)(1)(A) EDUCATIONAL 75,000
    WORLD VISION INC
    PO Box 9716
    FEDERAL WAY,WA98063     		  509(a)1170(b)(1)(A) HUMANITARIAN 506,350
    XEALOT INC
    18842 TELLER AVENUE
    IRVINE,CA92612     		  509(a)1170(b)(1)(A) RELIGIOUS 500,000
    YOUNG LIFE
    350 W 51st St
    NEW YORK,NY10019     		  509(a)1170(b)(1)(A) HUMANITARIAN 17,500
    ZIMELE USA
    PO BOX 5543
    ENGLEWOOD,NJ07631     		  509(a)1170(b)(1)(A) HUMANITARIAN 25,000
    LEIGH GIBBONS
    13702 ANDELE WAY
    IRVINE,CA92620     		NONE 509(a)1170(b)(1)(A) SCHOLARSHIP 17,776
    EUN-A PARK
    320 E 46TH STREET 33C
    NEW YORK,NY10017     		NONE 509(a)1170(b)(1)(A) SCHOLARSHIP 6,995
    EUNHYE LEE
    320 E 46TH STREET 33C
    NEW YORK,NY10017     		NONE 509(a)1170(b)(1)(A) SCHOLARSHIP 5,230
    Total .................................bullet 3a 7,729,591
    bApproved for future payment
    Total .................................bullet 3b  
    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 24,614  
    4 Dividends and interest from securities....     14 190,147  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 1,880,964  
    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)..   2,095,725  
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,095,725
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2013
    Name of the organization
    THE GRACE AND MERCY FOUNDATION INC
     
    Employer identification number

    20-8050779
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




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

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

    20-8050779
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    CHUNG KO  
    14 PARK STREET
     
    TENAFLY, NJ07670

    		$16,615


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

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

    20-8050779
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

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

    20-8050779
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Additional Data


    Software ID:  
    Software Version:  

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    TY 2013 DepreciationSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 2010-11-01 1,197 788 200DB 5.00 164 82    
    F&F 2011-01-04 11,296 4,380 200DB 7.00 1,976 988    
    F&F 2011-07-07 1,174 455 200DB 7.00 205 103    
    COMPUTER 2011-01-31 5,059 2,631 200DB 5.00 971 486    
    COMPUTER 2011-05-31 1,805 939 200DB 5.00 346 173    
    COMPUTER 2011-06-28 902 469 200DB 5.00 173 87    
    COMPUTER 2012-04-15 978 196 200DB 5.00 313 157    
    COMPUTER 2012-05-16 2,057 411 200DB 5.00 658 329    
    COMPUTER 2012-06-15 2,813 563 200DB 5.00 900 450    
    COMPUTER 2012-07-16 1,139 228 200DB 5.00 364 182    
    COMPUTER 2012-10-16 668 134 200DB 5.00 214 107    

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

    TY 2013 GainLossSaleOtherAssetsSch
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    TIGER GLOBAL, LTD. (CLASS E) 2007-02 Purchased 2013-01  
    TIGER GLOBAL LTD (CLASS E)     		1,487,100 596,331 FMV   890,769  
    TIGER GLOBAL, LTD. (CLASS C) 2008-01 Purchased 2013-01  
    TIGER GLOBAL LTD (CLASS C)     		1,810,300 1,192,658 FMV   617,642  
    WHITE ELM CAPITAL OFFSHORE, LTD 2008-06 Purchased 2013-06  
    WHITE ELM CAPITAL OFFSHORE LTD     		1,500,000 1,177,668 FMV   322,332  
    TIGER CONSUMER, LTD 2008-01 Purchased 2013-06  
    TIGER CONSUMER LTD     		1,000,000 748,241 FMV   251,759  
    CASCABEL OFSHORE, LTD 2011-03 Purchased 2013-06  
    CASCABEL OFSHORE LTD     		1,500,000 1,429,959 FMV   70,041  
    AXIAL CAPITAL OFFSHORE, LTD 2008-04 Purchased 2013-12  
    AXIAL CAPITAL OFFSHORE LTD     		541,434 812,928 FMV   -271,494  
    AXIAL CAPITAL OFFSHORE, LTD 2007-02 Purchased 2013-12  
    AXIAL CAPITAL OFFSHORE LTD     		7,455 7,540 FMV   -85  

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE INC 4,001,736 4,880,874
    INTERACTIVE CORP 3,620,129 6,168,225
    TRIPADVISOR INC 2,981,870 5,462,638

    TY 2013 InvestmentsOtherSchedule2
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VARIOUS INVESTMENTS   33,506,208 43,580,722

    TY 2013 LandEtcSchedule2
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE & FIXTURES 12,469 7,016 5,453  
    COMPUTER EQUIPMENT 16,619 10,462 6,157  


    TY 2013 LegalFeesSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KRAMER, LEVIN, NAFTALIS & FRANKEL LEGAL 12,639     12,639
    ROBERT JESUELE LAW LEGAL 1,125     1,125
    ROPES & GRAVES, LLP LEGAL 54,216     54,216
    BALLON STOLL BADER & NADLER, P.C. LEGAL 1,114     1,114


    TY 2013 OtherAssetsSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 5,300 5,400 5,400
    MISCELLANEOUS 11,500    
    SECURITY DEPOSIT 5,300 5,400 5,400
    MISCELLANEOUS 11,500    
    SECURITY DEPOSIT 5,300 5,400 5,400
    MISCELLANEOUS 11,500    


    TY 2013 OtherAssetsSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 5,300 5,400 5,400
    MISCELLANEOUS 11,500    
    SECURITY DEPOSIT 5,300 5,400 5,400
    MISCELLANEOUS 11,500    
    SECURITY DEPOSIT 5,300 5,400 5,400
    MISCELLANEOUS 11,500    


    TY 2013 OtherAssetsSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 5,300 5,400 5,400
    MISCELLANEOUS 11,500    
    SECURITY DEPOSIT 5,300 5,400 5,400
    MISCELLANEOUS 11,500    
    SECURITY DEPOSIT 5,300 5,400 5,400
    MISCELLANEOUS 11,500    


    TY 2013 OtherDecreasesSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Description Amount
    NONDEDUCTIBLE EXPENSES 26,784


    TY 2013 OtherExpensesSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS FILING FEES 3,000     3,000
    MISCELLANEOUS 6,030     6,030
    INSURANCE 10,810     10,810
    PAYROLL EXPENSES 46,612     46,612
    SUPPLIES,POSTAGE,PRINTING,ETC 45,358     45,358
    REG. CONF. SEMINAR 18,829     18,829
    LOCAL TRANSPORTATION 22,434     22,434
    MEALS @ 50% 26,783     26,783
    CONSULTING FEES 5,700     5,700


    TY 2013 OtherLiabilitiesSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Description Beginning of Year - Book Value End of Year - Book Value
    AMERICAN EXPRESS   2,727
    AMERICAN EXPRESS   2,727


    TY 2013 OtherLiabilitiesSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Description Beginning of Year - Book Value End of Year - Book Value
    AMERICAN EXPRESS   2,727
    AMERICAN EXPRESS   2,727


    TY 2013 TaxesSchedule
    Name:
    THE GRACE AND MERCY FOUNDATION INC
    EIN: 20-8050779
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX