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
PLOUGH FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)62 NORTH MAIN STREET NO 201   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEMPHIS, TN38103
A Employer identification number

23-7175983
B Telephone number (see instructions)

(901) 521-2779
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$124,108,887J Accounting method:
MODIFIED CASH
(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) 176,512
2 Check bullet
3 Interest on savings and temporary cash investments 834,039 834,039  
4 Dividends and interest from securities...... 1,737,334 1,737,334  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,939,557
b Gross sales price for all assets on line 6a 44,360,444
7 Capital gain net income (from Part IV, line 2)... 6,939,557
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 989 0  
12 Total. Add lines 1 through 11........ 9,688,431 9,510,930  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 436,576 40,703   454,795
14 Other employee salaries and wages...... 458,468 16,781   382,765
15 Pension plans, employee benefits....... 255,223 10,719   244,504
16a Legal fees (attach schedule)......... Click to see attachment 11,292 1,412   9,881
b Accounting fees (attach schedule)....... Click to see attachment 15,000 15,000   0
c Other professional fees (attach schedule).... Click to see attachment 620,461 603,130   17,331
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 70,003 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 61,882 2,599  
20 Occupancy.............. 106,604 4,477   102,127
21 Travel, conferences, and meetings....... 27,325 514   26,811
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 119,489 5,017   114,472
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,182,323 700,352   1,352,686
25 Contributions, gifts, grants paid........ 12,197,936 12,197,936
26 Total expenses and disbursements. Add lines 24 and 25 14,380,259 700,352   13,550,622
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,691,828
b Net investment income (if negative, enter -0-) 8,810,578
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............... 56,557 106,843 106,843
2 Savings and temporary cash investments.......... 8,521,815 9,357,366 9,357,366
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) 6,832,117 Click to see attachment3,200,932 3,085,753
b Investments—corporate stock (attach schedule)........ 67,139,990 Click to see attachment65,664,984 96,981,880
c Investments—corporate bonds (attach schedule)........ 12,849,494 Click to see attachment14,419,356 14,535,574
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet462,421
Less: accumulated depreciation (attach schedule) bullet427,450 93,478 Click to see attachment34,971 34,971
15 Other assets (describe bullet) Click to see attachment6,500 Click to see attachment6,500 Click to see attachment6,500
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 95,499,951 92,790,952 124,108,887
Liabilities 17 Accounts payable and accrued expenses.......... 16,428,522 21,775,135
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 16,428,522 21,775,135
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......... 141,886,994 141,886,994
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -62,815,565 -70,871,177
30 Total net assets or fund balances (see page 17 of the
instructions).................... 79,071,429 71,015,817
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 95,499,951 92,790,952
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 79,071,429
2 Enter amount from Part I, line 27a..................... 2 -4,691,828
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,982,829
4 Add lines 1, 2, and 3.......................... 4 76,362,430
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 5,346,613
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 71,015,817
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 STOCK - LONG TERM P    
b STOCK - SHORT TERM P    
c INTERNATIONAL INVESTMENTS - LONG TERM P    
d INTERNATIONAL INVESTMENTS - SHORT TERM P    
e COMMERCIAL PAPER P    
GOVERNMENT BONDS - LONG TERM P    
GOVERNMENT BONDS - SHORT TERM P    
CORPORATE BONDS - LONG TERM P    
CORPORATE BONDS - SHORT TERM P    
MORTGAGE OBLIGATIONS P    
MUNICIPAL BONDS P    
(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 18,156,401   12,078,976 6,077,425
b 3,209,029   3,106,364 102,665
c 9,871,436   9,289,529 581,907
d 704,437   711,525 -7,088
e 98,921   98,921 0
4,437,392   4,157,602 279,790
353,066   356,279 -3,213
4,639,529   4,705,175 -65,646
2,629,821   2,656,022 -26,201
412   408 4
260,000   260,086 -86
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       6,077,425
b       102,665
c       581,907
d       -7,088
e       0
      279,790
      -3,213
      -65,646
      -26,201
      4
      -86
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 6,939,557
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 10,483,449 110,782,853 0.094631
2011 8,460,692 115,113,383 0.073499
2010 11,428,927 115,322,160 0.099104
2009 11,540,668 106,694,935 0.108165
2008 13,115,129 135,439,230 0.096834
2 Total of line 1, column (d) ...................... 2 0.472233
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 0.094447
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 115,474,045
5 Multiply line 4 by line 3....................... 5 10,906,177
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 88,106
7 Add lines 5 and 6......................... 7 10,994,283
8 Enter qualifying distributions from Part XII, line 4.............. 8 13,550,622
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 88,106
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 88,106
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 88,106
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 84,204
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 84,204
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,902
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.Click to see attachment
    10
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletPLOUGH.ORG
    14
    The books are in care ofbulletROBERT WALLACE Telephone no.bullet (901) 521-2779
    Located atbullet62 N MAIN STREET SUITE 201MEMPHISTN ZIP+4bullet38103
    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
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    DIANE RUDNER CHAIRMAN/TRUSTEE
    20.00     		0 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    EUGENE CALLAHAN TRUSTEE
    1.00     		0 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    JAMES SPRINGFIELD TRUSTEE
    1.00     		4,000 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    JOCELYN RUDNER TRUSTEE
    1.00     		0 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    JOHNNY MOORE JR TRUSTEE
    1.00     		3,500 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    PATRICIA BURNHAM TRUSTEE
    1.00     		0 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    PETER PETTIT TRUSTEE
    1.00     		4,000 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    SCOTT MCCORMICK EXEC DIR-OUTGOING
    40.00     		210,082 52,352 1,874
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    MIKE CARPENTER EXEC DIR-INCOMING
    40.00     		111,355 30,600 3,365
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    DD R EISENBERG TRUSTEE
    1.00     		0 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    STEVE WISHNIA TRUSTEE
    1.00     		4,000 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    SUNTRUST BANK TRUSTEE
    1.00     		95,639 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    RICK MASSON TRUSTEE
    1.00     		4,000 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    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
    BARBARA JACOBS PROGRAM DIRECTOR
    40.00     		147,945 25,505 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    ROBERT WALLACE CHIEF FINANCIAL OFFI
    40.00     		120,239 38,126 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    JOANN CHRISTIAN EXECUTIVE ASSISTANT
    40.00     		106,947 26,495 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    KATIE MIDGLEY PROGRAM ASSOCIATE
    40.00     		77,339 25,281 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    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
    HIGHLAND CAPITAL MANAGEMENT CORP INVESTMENT ADVISORS 388,077
    6077 PRIMACY PARKWAY STE 228
    MEMPHIS,TN38119
    SOUTHEASTERN ASSET MANAGEMENT INVESTMENT ADVISORS 214,293
    6410 POPLAR AVENUE STE 900
    MEMPHIS,TN38119
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    5,773,702
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    88,106
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    88,106
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,685,596
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    989
    5
    Add lines 3 and 4............................
    5
    5,686,585
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    5,686,585
    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 5,686,585
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 6,401,967
    b From 2009....... 6,306,453
    c From 2010....... 5,758,883
    d From 2011....... 2,427,593
    e From 2012....... 5,098,906
    fTotal of lines 3a through e......... 25,993,802
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 13,550,622
    a Applied to 2012, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 5,686,585
    e Remaining amount distributed out of corpus 7,864,037
    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 33,857,839
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		6,401,967
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		27,455,872
    10 Analysis of line 9:
    a Excess from 2009.... 6,306,453
    b Excess from 2010.... 5,758,883
    c Excess from 2011.... 2,427,593
    d Excess from 2012.... 5,098,906
    e Excess from 2013.... 7,864,037
    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).)
    DIANE RUDNER
    JOCELYN RUDNER
    PATRICIA BURNHAM
    DD R EISENBERG
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ROBERT WALLACE
    62 N MAIN STREET SUITE 201
    MEMPHIS,TN38103
    (901) 521-2779
    bThe form in which applications should be submitted and information and materials they should include:
    THREE PAGE LETTER EXPLAINING THE PROJECT AND HOW FUNDS WILL BE USED. FULL APPLICATION BY INVITATION.
    cAny submission deadlines:
    A CONCEPT LETTER IS DUE BY JANUARY 2, APRIL 1, JULY 1, OR OCTOBER 1.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS PRIMARILY IN MEMPHIS/SHELBY COUNTY. NO GRANTS TO INDIVIDUALS.
    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
    ALLIANCE FOR NONPROFIT EXCELLENCE
    5100 POPLAR AVE 502
    MEMPHIS,TN38137     		NONE PUBLIC PROGRAM SUPPORT 75,000
    ARC MID-SOUTH
    3485 POPLAR AVE 210
    MEMPHIS,TN38111     		NONE PUBLIC PROGRAM SUPPORT 20,000
    ARTSMEMPHIS
    119 SOUTH MAIN STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 250,000
    BOY SCOUTS OF AMERICA
    171 S HOLLYWOOD STREET
    MEMPHIS,TN38112     		NONE PUBLIC CONSTRUCTION PROJECT 100,000
    BROOKS MUSEUM
    1934 POPLAR AVE
    MEMPHIS,TN38104     		NONE PUBLIC CONSTRUCTION PROJECT 140,000
    COMMUNITY ALLIANCE FOR THE HOMELESS INC
    44 N SECOND ST STE 302
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 60,000
    COMMUNITY ALLIANCE FOR THE HOMELESS INC
    44 N SECOND ST STE 302
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 110,000
    CONSORTIUM
    22 N FRONT STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 15,000
    DIXON GALLERY AND GARDENS
    4339 PARK AVE
    MEMPHIS,TN38117     		NONE PUBLIC GENERAL/OPERATING SUPPORT 50,000
    EXCEPTIONAL FOUNDATION OF WEST TENNESSEE
    4965 WILLOW ROAD
    MEMPHIS,TN38117     		NONE PUBLIC CONSTRUCTION PROJECT 63,800
    EXCHANGE CLUB FAMILY CENTER OF THE MID-SOUTH INC
    2180 UNION AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 80,000
    FACING HISTORY AND OURSELVES
    650 E PARKWAY S
    MEMPHIS,TN38104     		NONE PUBLIC ENDOWMENT FUND 133,000
    FAMILY SAFETY CENTER
    600 JEFFERSON AVE STE 200
    MEMPHIS,TN38105     		NONE PUBLIC PROGRAM SUPPORT 300,000
    FIRE MUSEUM OF MEMPHIS
    118 ADAMS AVENUE
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 250,000
    FIREFIGHTERS REGIONAL BURN CENTER
    877 JEFFERSON AVE
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 1,000,000
    GIRLS INCORPORATED OF MEMPHIS
    2670 UNION AVE STE 606
    MEMPHIS,TN38112     		NONE PUBLIC PROGRAM SUPPORT 100,000
    GRANTMAKERS FOR CHILDREN YOUTH & FAMILIES
    8757 GEORGIA AVE 540
    SILVER SPRING,MD20910     		NONE PUBLIC MEMBERSHIP DUES 500
    GRANTMAKERS FOR CHILDREN YOUTH & FAMILIES
    8757 GEORGIA AVE 540
    SILVER SPRING,MD20910     		NONE PUBLIC PROGRAM SUPPORT 1,000
    HATTILOO THEATRE
    656 MARSHALL AVENUE
    MEMPHIS,TN38103     		NONE PUBLIC CAPITAL CAMPAIGN 125,000
    KNOWLEDGE QUEST INC (KIDS ZONE)
    590 JENNETTE PL
    MEMPHIS,TN38126     		NONE PUBLIC PROGRAM SUPPORT 125,000
    LEADERSHIP ACADEMY
    22 N FRONT STREET 160
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 75,000
    LEADERSHIP MEMPHIS
    119 SOUTH MAIN STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 400,000
    LITERACY MID-SOUTH
    902 SOUTH COOPER ST
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 50,000
    MAKE A DIFFERENCE
    3003 AIRWAYS BLVD BLDG 6 STE 603
    MEMPHIS,TN38114     		NONE PUBLIC PROGRAM SUPPORT 170,000
    MAYOR'S INSTITUTE FOR EXCELLENCE
    1900 UNION AVE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 200,000
    MEDICAL EDUCATION AND RESEARCH INSTITUTE
    44 SOUTH CLEVELAND STREET
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 28,800
    MEMPHIS BOTANIC GARDEN FOUNDATION
    750 CHERRY ROAD
    MEMPHIS,TN38117     		NONE PUBLIC CAPITAL CAMPAIGN 350,000
    MEMPHIS CENTER FOR INDEPDENDENT LIVING
    1633 MADISON AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 25,000
    MEMPHIS CHILD ADVOCACY CENTER
    1085 POPLAR AVE
    MEMPHIS,TN38105     		NONE PUBLIC CAPITAL CAMPAIGN 112,000
    MEMPHIS CITY SCHOOLS FOUNDATION
    2597 AVERY AVENUE
    MEMPHIS,TN38112     		NONE PUBLIC PROGRAM SUPPORT 500,000
    MEMPHIS COLLEGE OF ART
    1930 POPLAR AVE
    MEMPHIS,TN38104     		NONE PUBLIC CONSTRUCTION PROJECT 730,000
    MEMPHIS JEWISH FEDERATION
    6560 POPLAR AVE B
    GERMANTOWN,TN38138     		NONE PUBLIC ANNUAL CAMPAIGN 450,000
    MEMPHIS LEADERSHIP FOUNDATION
    1548 POPLAR AVE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 160,000
    MEMPHIS SHELBY CRIME COMMISSION
    119 S MAIN ST STE 450
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 187,500
    MEMPHIS SYMPHONY ORCHESTRA
    585 S MENDENHALL ROAD
    MEMPHIS,TN38117     		NONE PUBLIC PROGRAM SUPPORT 250,000
    MEMPHIS TOMORROW
    17 W PONTOTOC AVE STE 100
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 101,705
    METHODIST HEALTHCARE FOUNDATION
    1211 UNION AVE STE600
    MEMPHIS,TN38104     		NONE PUBLIC ENDOWMENT FUND 500,000
    MID-SOUTH MINORITY COUNCIL TADP INC
    158 MADISON AVE
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 50,000
    MIFA
    910 VANCE AVE
    MEMPHIS,TN38126     		NONE PUBLIC PROGRAM SUPPORT 200,000
    NATIONAL ASSN TO PROTECT CHILDREN
    POB 27451
    KNOXVILLE,TN37927     		NONE PUBLIC PROGRAM SUPPORT 113,333
    NATIONAL CIVIL RIGHTS MUSEUM
    450 MULBERRY ST
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 100,000
    OPERA MEMPHIS
    6745 WOLF RIVER GREENWAY
    MEMPHIS,TN38120     		NONE PUBLIC TRANSPORTATION 36,000
    OVERTON PARK CONSERVANCY
    1719 HARBERT AVE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 300,000
    PORTER LEATH
    868 N MANASSAS STREET
    MEMPHIS,TN38107     		NONE PUBLIC CONSTRUCTION PROJECT 150,000
    RISE FOUNDATION
    2650 THOUSAND OAKS BLVD STE 2400
    MEMPHIS,TN38118     		NONE PUBLIC PROGRAM SUPPORT 8,000
    RIVERFRONT DEVELOPMENT
    101 N MUD ISLAND ROAD
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 375,000
    SEEDCO
    22 N FRONT STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 100,000
    SHELBY COUNTY SCHOOLS EDUCATION FUND
    PO BOX 383273
    GERMANTOWN,TN38183     		NONE PUBLIC PROGRAM SUPPORT 500,000
    SHELBY FARMS PARK CONSERVATORY
    500 N PINE LAKE DRIVE
    MEMPHIS,TN38134     		NONE PUBLIC CONSTRUCTION PROJECT 500,000
    SOULSVILLE FOUNDATION
    926 E MCLEMORE AVE
    MEMPHIS,TN38106     		NONE PUBLIC PROGRAM SUPPORT 75,000
    SOUTHEASTERN COUNCIL OF FOUNDATIONS
    50 HURT PIZ SE
    ATLANTA,GA30303     		NONE PUBLIC PROGRAM SUPPORT 10,500
    SOUTHERN COLLEGE OF OPTOMETRY
    1245 MADISON AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC CONSTRUCTION PROJECT 100,000
    SPECIAL OLYMPICS GREATER MEMPHIS
    1355 LYNNFIELD RD
    MEMPHIS,TN38119     		NONE PUBLIC PROGRAM SUPPORT 10,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    262 DANNY THOMAS PLACE
    MEMPHIS,TN38105     		NONE PUBLIC CONSTRUCTION PROJECT 250,000
    STEP AHEAD FOUNDATION
    PO BOX 41601
    MEMPHIS,TN38174     		NONE PUBLIC PROGRAM SUPPORT 50,000
    SYNERGY FOUNDATION
    2305 AIRPORT INTERCHANGE AVE
    MEMPHIS,TN38132     		NONE PUBLIC PROGRAM SUPPORT 12,648
    TEMPLE ISRAEL
    1376 E MASSEY RD
    MEMPHIS,TN38120     		NONE PUBLIC PROGRAM SUPPORT 30,000
    TENNESSEE WILDLIFE FEDERATION
    300 ORLANDO AVE 200
    NASHVILLE,TN37209     		NONE PUBLIC PROGRAM SUPPORT 42,250
    THE WORKS INC
    1471 GENESIS CIRCLE
    MEMPHIS,TN38106     		NONE PUBLIC CONSTRUCTION PROJECT 225,000
    UNIVERSITY OF MEMPHIS FOUNDATION - SCHOOL OF PUBLIC HEALTH
    PO BOX 1000
    MEMPHIS,TN381480001     		NONE PUBLIC PROGRAM SUPPORT 500,000
    UT HEALTH SCIENCE CENTER
    920 MADISON AVE
    MEMPHIS,TN38163     		NONE PUBLIC CONSTRUCTION PROJECT 1,125,000
    WOLF RIVER CONSERVANCY INC
    3100 WALNUT GROVE RD
    MEMPHIS,TN38111     		NONE PUBLIC PROGRAM SUPPORT 46,900
    Total .................................bullet 3a 12,197,936
    bApproved for future payment
    ALLIANCE FOR NONPROFIT EXCELLENCE
    5100 POPLAR AVE 502
    MEMPHIS,TN38137     		NONE PUBLIC PROGRAM SUPPORT 150,000
    ARTSMEMPHIS
    119 SOUTH MAIN STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 500,000
    ARTSPACE PROPERTIES
    250 THIRD AVENUE NORTH SUITE 400
    MINNEAPOLIS,MN55401     		NONE PUBLIC CONSTRUCTION PROJECT 150,000
    BOY SCOUTS OF AMERICA
    171 S HOLLYWOOD STREET
    MEMPHIS,TN38112     		NONE PUBLIC CONSTRUCTION PROJECT 200,000
    BROOKS MUSEUM
    1934 POPLAR AVE
    MEMPHIS,TN38104     		NONE PUBLIC CONSTRUCTION PROJECT 400,000
    CENTER CITY DEVELOPMENT CORP
    114 NORTH MAIN STREET
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 1,000,000
    FIREFIGHTERS REGIONAL BURN CENTER
    877 JEFFERSON AVE
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 2,000,000
    FRIENDS FOR LIFE
    43 N CLEVELAND STREET
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 25,000
    LAND TRUST FOR TENNESSEE
    PO BOX 23473
    NASHVILLE,TN37202     		NONE PUBLIC CAPITAL CAMPAIGN 200,000
    MAYOR'S INSTITUTE FOR EXCELLENCE
    1900 UNION AVE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 300,000
    MEMPHIS JEWISH FEDERATION
    6560 POPLAR AVE B
    GERMANTOWN,TN38138     		NONE PUBLIC ANNUAL CAMPAIGN 450,000
    MEMPHIS LIBRARY FOUNDATION
    3030 POPLAR AVE
    MEMPHIS,TN38111     		NONE PUBLIC CONSTRUCTION PROJECT 500,000
    MEMPHIS TOMORROW
    17 W PONTOTOC AVE STE 100
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 48,295
    MID-SOUTH MINORITY COUNCIL TADP INC
    158 MADISON AVE
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 100,000
    RHODES COLLEGE
    2000 N PARKWAY
    MEMPHIS,TN38112     		NONE PUBLIC CONSTRUCTION PROJECT 4,400,000
    SEEDCO
    22 N FRONT STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 100,000
    SERENITY RECOVERY CENTERS
    1094 POPLAR AVE
    MEMPHIS,TN38105     		NONE PUBLIC CONSTRUCTION PROJECT 500,000
    SHELBY COUNTY BOOKS FROM BIRTH
    2924 WALNUT GROVR ROAD 4
    MEMPHIS,TN38111     		NONE PUBLIC PROGRAM SUPPORT 300,000
    SHELBY FARMS PARK CONSERVATORY
    500 N PINE LAKE DRIVE
    MEMPHIS,TN38134     		NONE PUBLIC CONSTRUCTION PROJECT 1,500,000
    SYNERGY FOUNDATION
    2305 AIRPORT INTERCHANGE AVE
    MEMPHIS,TN38132     		NONE PUBLIC PROGRAM SUPPORT 107,352
    TEMPLE ISRAEL
    1376 E MASSEY RD
    MEMPHIS,TN38120     		NONE PUBLIC PROGRAM SUPPORT 25,000
    WILLIAM R MOORE COLLEGE OF TECHNOLOGY
    1200 POPLAR AVE
    MEMPHIS,TN38104     		NONE PUBLIC CONSTRUCTION PROJECT 200,000
    Total .................................bullet 3b 13,155,647
    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 ............     		    14 834,039  
    4 Dividends and interest from securities....     14 1,737,334  
    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 6,939,557  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aGRANT DISTRIBUTION RECOVERIES 900099 989      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 989 9,510,930 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    139,511,919
    (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
    PLOUGH FOUNDATION
     
    Employer identification number

    23-7175983
    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
    PLOUGH FOUNDATION
          		Employer identification number

    23-7175983
    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
     
     

    JOCELYN P RUDNER  
    62 N MAIN STREET STE 201
     
    MEMPHIS, TN38103

    		$100,701


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    MR MRS ALBERT BURNHAM  
    62 N MAIN STREET STE 201
     
    MEMPHIS, TN38103

    		$25,281


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    MS DIANE RUDNER  
    62 N MAIN STREET STE 201
     
    MEMPHIS, TN38103

    		$25,000


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

    WILLIAM RUDNER  
    62 N MAIN STREET STE 201
     
    MEMPHIS, TN38103

    		$25,530


    (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
    PLOUGH FOUNDATION
          		Employer identification number

    23-7175983
    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
    1
    		 2773 SHS OF MICROSOFT $100,701 2013-12-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 358 SHS OF ZOETIS, 100 SHS OF DIRECT TV, 184 SHS OF EMC, 40 SHS OF FLUOR CORP $25,281 2013-12-10
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 800 SHS OF EMC, 111 SHS OF CST, 62 SHS OF MNK $25,530 2013-12-12
    (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
    PLOUGH FOUNDATION
          		Employer identification number

    23-7175983
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 AccountingFeesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT FEES 15,000 15,000   0

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

    TY 2013 DepreciationSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    FURNITURE, FIXTURES AND EQUIPMENT 2008-06-30 462,421 365,568 SL 5.000000000000 61,882 0    

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS & COLLATERALIZED OBLIGATIONS 14,419,356 14,535,574

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCKS/INTERNATIONAL MUTUAL FUNDS 65,664,984 96,981,880

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    US Government Securities - End of Year Book Value:

    3,200,932
    US Government Securities - End of Year Fair Market Value:

    3,085,753
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2013 LandEtcSchedule2
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE, FIXTURES AND EQUIPMENT 462,421 427,450 34,971  


    TY 2013 LegalFeesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 11,292 1,412   9,881


    TY 2013 OtherAssetsSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CRESCENT CLUB MEMBERSHIP 6,500 6,500 6,500


    TY 2013 OtherDecreasesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description Amount
    INCREASE IN GRANT APPROPRIATIONS 5,346,613


    TY 2013 OtherExpensesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TEMPORARY EMPLOYEES 988 41   947
    COMPUTER EXPENSES 20,383 856   19,527
    OFFICE EXPENSES 7,881 331   7,550
    TELEPHONE 5,785 243   5,542
    POSTAGE 1,192 50   1,142
    DUES & SUBSCRIPTIONS 2,552 107   2,445
    INSURANCE 16,031 673   15,358
    OTHER FEES & SERVICES 2,504 105   2,399
    REPAIRS & MAINTENANCE 3,645 153   3,492
    OTHER OPERATING EXPENSES 58,528 2,458   56,070


    TY 2013 OtherIncomeSchedule2
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GRANT DISTRIBUTION RECOVERIES 989   989


    TY 2013 OtherIncreasesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description Amount
    CHANGE IN UNREALIZED GAINS 1,982,829


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTANTS-PROFESSIONAL 18,091 760   17,331
    INVESTMENT ADVISORY FEES 602,370 602,370   0


    TY 2013 SubstantialContributorsSch
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Name Address
    JOCELYN RUDNER 62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    WILLIAM RUDNER 62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    DIANE RUDNER 62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    DD R EISENBERG 62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    PATRICIA BURNHAM 62 N MAIN STREET STE 201
    MEMPHIS,TN38103


    TY 2013 TaxesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 70,003 0   0