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
JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)6102 LA JOLLA MESA DRIVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LA JOLLA, CA92037
A Employer identification number

33-0818870
B Telephone number (see instructions)

(858) 456-0162
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$1,324,633J 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) 0
2 Check bullet
3 Interest on savings and temporary cash investments 1 1  
4 Dividends and interest from securities...... 21,710 21,710  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 96,100
b Gross sales price for all assets on line 6a 1,681,202
7 Capital gain net income (from Part IV, line 2)... 96,100
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........ 117,811 117,811  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 15,149 7,575   7,574
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,815 425   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,268 7,268   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,232 15,268   7,574
25 Contributions, gifts, grants paid........ 132,285 132,285
26 Total expenses and disbursements. Add lines 24 and 25 156,517 15,268   139,859
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -38,706
b Net investment income (if negative, enter -0-) 102,543
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............... 4,411 29,755 29,755
2 Savings and temporary cash investments.......... 24,365 8,927 8,927
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)........ 422,820 Click to see attachment101,090 128,099
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)........... 812,939 Click to see attachment1,086,057 1,157,852
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,264,535 1,225,829 1,324,633
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 1,264,535 1,225,829
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,264,535 1,225,829
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,264,535 1,225,829
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 1,264,535
2 Enter amount from Part I, line 27a..................... 2 -38,706
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,225,829
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,225,829
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 AGRIUM INC - 41.000 SHS P 2013-02-12 2013-04-10
b AGRIUM INC - 4.000 SHS P 2013-03-06 2013-04-10
c AMER INTL GP INC NEW - 24.000 SHS P 2013-04-05 2013-12-19
d AMER INTL GP INC NEW - 16 SHS P 2013-05-03 2013-12-19
e BLACKROCK GLOBAL ALLOCATION I - 3,229.198 SHS P 2012-07-25 2013-03-06
BLACKROCK GLOBAL ALLOCATION I - 1,433.855 SHS P 2012-08-06 2013-03-06
BLACKROCK GLOBAL ALLOCATION I - 31.764 SHS P 2012-12-19 2013-03-06
BLACKROCK INC - 5.000 SHS P 2012-07-25 2013-04-05
BLACKROCK INFLAT PROT BOND I - 1,520.407 SHS P 2012-07-25 2013-03-18
BLACKROCK INFLAT PROT BOND I - 658.653 SHS P 2012-08-06 2013-03-18
BLACKROCK INFLAT PROT BOND I - 46.265 SHS P 2012-10-08 2013-03-18
BLACKROCK INFLAT PROT BOND I - 2.498 SHS P 2012-10-31 2013-03-18
BLACKROCK INFLAT PROT BOND I - 9.538 SHS P 2012-11-30 2013-03-18
BLACKROCK INFLAT PROT BOND I - 9.341 SHS P 2012-12-21 2013-03-18
BLACKROCK INFLAT PROT BOND 1 - 27.456 SHS P 2012-12-31 2013-03-18
BLACKROCK INFLAT PROT BOND 1 - 0.438 SHS P 2012-12-31 2013-03-18
CAPITAL ONE FINANCIAL CORP - 39.000 SHS P 2012-07-25 2013-06-18
CAPITAL ONE FINANCIAL CORP - 25.000 SHS P 2012-10-08 2013-10-08
DELAWARE DIVERSIFIED INC INST - 6,004.898 SHS P 2012-07-25 2013-03-18
DELAWARE DIVERSIFIED INC INST - 3,006.024 SHS P 2012-08-06 2013-03-18
DELAWARE DIVERSIFIED INC INST - 313.226 SHS P 2012-10-08 2013-03-18
DELAWARE DIVERSIFIED INC INST - 11.526 SHS P 2012-10-22 2013-03-18
DELAWARE DIVERSIFIED INC INST - 31.909 SHS P 2012-11-21 2013-03-18
DELAWARE DIVERSIFIED INC INST - 53.156 SHS P 2012-12-21 2013-03-18
DELAWARE DIVERSIFIED INC INST - 37.109 SHS P 2012-12-21 2013-03-18
DELAWARE DIVERSIFIED INC INST - 29.229 SHS P 2012-12-21 2013-03-18
DELAWARE DIVERSIFIED INC INST - 28.318 SHS P 2013-01-22 2013-03-18
DELAWARE DIVERSIFIED INC INST - 29.325 SHS P 2013-02-22 2013-03-18
DISCOVERY COMMUNICATIONS SER C - 23.000 SHS P 2012-07-25 2013-01-08
DISCOVERY COMMUNICATIONS SER C - 26.000 SHS P 2012-07-25 2013-04-01
DISCOVERY COMMUNICATIONS - 20.000 SHS P 2012-07-25 2013-07-11
DISCOVERY COMMUNICATIONS - 29,000 SHS P 2012-08-06 2013-07-11
ENBRIDGE ENERGY MGMT LLC - 0.337 SHS P 2012-07-25 2013-02-14
ENBRIDGE ENERGY MGMT LLC - 0.450 SHS P 2012-07-25 2013-05-15
FIRST EAGLE GLOBAL I - 967.555 SHS P 2012-07-25 2013-05-15
FIRST EAGLE GLOBAL I - 390.775 SHS P 2012-08-06 2013-05-15
FIRST EAGLE GLOBAL I - 5.588 SHS P 2012-12-13 2013-05-15
FIRST EAGLE GLOBAL I - 7.394 SHS P 2012-12-13 2013-05-15
FIRST EAGLE GLOBAL I - 17.865 SHS P 2012-12-13 2013-05-15
FIRST EAGLE GLOBAL I - 32.484 SHS P 2012-12-13 2013-05-15
FIRST TR MORNINGSTAR DIV - 842.000 SHS P 2013-05-15 2013-06-03
FIRST TRST HLTH CARE ALPHA ETF - 223.000 SHS P 2013-08-01 2013-09-11
FIRST TRST HLTH CARE ALPHA ETF - 287,000 SHS P 2013-08-01 2013-10-02
FIRST TRUST CONSMR STAPLES ETF - 628.000 SHS P 2013-05-15 2013-07-01
FIRST TRUST CONSMR STAPLES ETF - 288.000 SHS P 2013-08-01 2013-09-11
FIRST TRUST CONSUMER DISCRET - 305.000 SHS P 2013-07-01 2013-09-11
FIRST TRUST CONSUMER DISCRET - 350.000 SHS P 2013-07-01 2013-11-01
FIRST TRUST DEVELP MKT EX-US - 193.000 SHS P 2013-05-15 2013-06-05
FIRST TRUST DEVELP MKT EX-US - 270.000 SHS P 2013-05-15 2013-09-11
FIRST TRUST DEVELP MKT EX-US - 60.000 SHS P 2013-05-15 2013-12-19
FIRST TRUST EMERGING MARKETS - 349.000 SHS P 2013-05-15 2013-06-05
FIRST TRUST EMERGING MARKETS - 456.000 SHS P 2013-05-15 2013-09-11
FIRST TRUST EMERGING MARKETS - 49.000 SHS P 2013-05-15 2013-12-19
FIRST TRUST EUROPE - 153.000 SHS P 2013-06-05 2013-09-11
FIRST TRUST FNCL ALPHADEX ETF - 1,366.000 SHS P 2013-05-15 2013-08-01
FIRST TRUST INDS/PRODS ETF - 775.000 SHS P 2013-07-01 2013-08-01
FIRST TRUST SMALL CAP VALE - 323.000 SHS P 2013-06-04 2013-09-11
FT EM SC ALPHADEX - 116.000 SHS P 2013-06-05 2013-09-11
GOLDMAN SACHS STRATEGIC INC I - 800.953 SHS P 2013-03-18 2013-08-05
GOOGLE INC-CL A - 5.000 SHS P 2012-07-25 2013-01-16
GOOGLE INC-CL A - 1.000 SHS P 2012-10-08 2013-01-16
HEALTH CARE SEL SECT SPDR FD - 335.000 SHS P 2013-05-15 2013-07-01
INVESCO DEVELOPING MARKETS Y - 312.816 SHS P 2012-07-25 2013-05-15
INVESCO SELECT COMPANIES Y - 385.983 SHS P 2013-05-15 2013-08-05
ISHARES MORNINGSTAR MID CP ETF - 65.000 SHS P 2012-07-25 2013-04-10
ISHARES MORNINGSTAR MID CP ETF - 110.000 SHS P 2013-05-15 2013-09-11
ISHARES MSCI EMERGING MKTS FD - 363.000 SHS P 2012-10-08 2013-01-25
ISHARES MSCI EMERGING MKTS FD - 345.000 SHS P 2012-11-02 2013-01-25
ISHARES MSCI EMERGING MKTS FD - 684.000 SHS P 2013-05-01 2013-05-15
ISHARES MSCI JAPAN ETF - 640.000 SHS P 2013-05-15 2013-08-05
ISHARES MSCI JAPAN ETF - 2,770.000 SHS P 2013-05-15 2013-10-23
ISHARES MSCI JAPAN ETF - 390.000 SHS P 2013-06-03 2013-10-23
ISHARES MSCI SOUTHKOREA CP ETF - 67.000 SHS P 2013-05-15 2013-09-11
ISHARS TR MORNINGSTAR SML C - 207.000 SHS P 2012-07-25 2013-05-15
ISHARS TR MORNINGSTAR SML C - 87.000 SHS P 2012-08-06 2013-05-15
ISHRS MSCI MALAYSIA ETF - 267.000 SHS P 2013-05-15 2013-09-11
ISHRS MSCI MALAYSIA ETF - 299.000 SHS P 2013-05-15 2013-12-19
IVY ASSET STRATEGY I - 505.884 SHS P 2013-03-06 2013-05-15
IVY ASSET STRATEGY I - 360.998 SHS P 2013-03-06 2013-08-05
IVY ASSET STRATEGY I - 524.381 SHS P 2013-03-06 2013-09-11
JP MORGAN CORE BOND SEL - 4,001.840 SHS P 2012-07-25 2013-03-18
JP MORGAN CORE BOND SEL - 2,028.812 SHS P 2012-08-06 2013-03-18
JP MORGAN CORE BOND SEL - 198.264 SHS P 2012-10-08 2013-03-18
JP MORGAN CORE BOND SEL - 14.594 SHS P 2012-10-31 2013-03-18
JP MORGAN CORE BOND SEL - 13.383 SHS P 2012-11-30 2013-03-18
JP MORGAN CORE BOND SEL - 0.667 SHS P 2012-12-13 2013-03-18
JP MORGAN CORE BOND SEL - 7.313 SHS P 2012-12-13 2013-03-18
JP MORGAN CORE BOND SEL - 16.104 SHS P 2012-12-31 2013-03-18
JP MORGAN CORE BOND SEL - 12.583 SHS P 2013-01-31 2013-03-18
JP MORGAN CORE BOND SEL - 13.101 SHS P 2013-02-28 2013-03-18
MAINSTAY MARKETFIELD I - 728.958 SHS P 2013-05-15 2013-08-05
MOTOROLA SOLUTIONS INC - 71.000 SHS P 2013-05-03 2013-07-30
PIMCO ALL ASSET P - 4,907.499 SHS P 2012-07-25 2013-05-15
PIMCO ALL ASSET P - 2,233.740 SHS P 2012-08-06 2013-05-15
PIMCO ALL ASSET P - 203.604 SHS P 2012-12-27 2013-05-15
PIMCO ALL ASSET P - 40.974 SHS P 2012-12-31 2013-05-15
PIMCO ALL ASSET P - 58.528 SHS P 2013-03-21 2013-05-15
PIMCO EMERGING LOCAL BD P - 2,637.380 SHS P 2012-07-25 2013-03-18
PIMCO EMERGING LOCAL BD P - 1,058.186 SHS P 2012-08-06 2013-03-18
PIMCO EMERGING LOCAL BD P - 84.593 SHS P 2012-10-08 2013-03-18
PIMCO EMERGING LOCAL BD P - 10.008 SHS P 2012-10-31 2013-03-18
PIMCO EMERGING LOCAL BD P - 14.232 SHS P 2012-11-30 2013-03-18
PIMCO EMERGING LOCAL BD P - 51.519 SHS P 2012-12-27 2013-03-18
PIMCO EMERGING LOCAL BD P - 15.205 SHS P 2012-12-31 2013-03-18
PIMCO EMERGING LOCAL BD P - 14.311 SHS P 2013-01-31 2013-03-18
PIMCO EMERGING LOCAL BD P - 12.396 SHS P 2013-02-28 2013-03-18
PIMCO UNCONSTRAINED BOND P - 58.731 SHS P 2012-10-08 2013-09-11
PIMCO UNCONSTRAINED BOND P - 2.911 SHS P 2012-10-31 2013-09-11
PIMCO UNCONSTRAINED BOND P - 4.879 SHS P 2012-11-30 2013-09-11
PIMCO UNCONSTRAINED BOND P - 5.084 SHS P 2012-12-12 2013-09-11
PIMCO UNCONSTRAINED BOND P - 74.440 SHS P 2012-12-27 2013-09-11
PIMCO UNCONSTRAINED BOND P - 2.863 SHS P 2012-12-31 2013-09-11
PIMCO UNCONSTRAINED BOND P - 2.249 SHS P 2013-01-31 2013-09-11
PIMCO UNCONSTRAINED BOND P - 3.460 SHS P 2013-02-28 2013-09-11
PIMCO UNCONSTRAINED BOND P - 3,696.100 SHS P 2013-03-18 2013-09-11
PIMCO UNCONSTRAINED BOND P - 4.101 SHS P 2013-03-28 2013-09-11
PIMCO UNCONSTRAINED BOND P - 6.945 SHS P 2013-04-30 2013-09-11
PIMCO UNCONSTRAINED BOND P - 7.058 SHS P 2013-05-31 2013-09-11
PIMCO UNCONSTRAINED BOND P - 4.063 SHS P 2013-06-28 2013-09-11
PIMCO UNCONSTRAINED BOND P - 4.009 SHS P 2013-07-31 2013-09-11
PIMCO UNCONSTRAINED BOND P - 4.613 SHS P 2013-08-30 2013-09-11
PIONEER NATURAL RESOURCES CO - 18.000 SHS P 2012-12-31 2013-09-18
POWERSHARES QQQ TR - 627.000 SHS P 2012-11-29 2013-01-14
POWERSHARES QQQ TR - 426.000 SHS P 2012-11-30 2013-01-14
POWERSHARES S&P SC HEALTH CA - 254.000 SHS P 2013-05-15 2013-07-01
PRAXAIR INC - 27.000 SHS P 2012-07-25 2013-04-23
PRAXAIR INC - 13.000 SHS P 2012-08-06 2013-04-23
PRAXAIR INC - 12.000 SHS P 2012-10-08 2013-04-23
PRUDENTIAL GLB REAL ESTATE Z - 264.037 SHS P 2012-07-25 2013-04-10
SPDR BARCLAYS CAPITAL 1-3 MONT - 576.000 SHS P 2012-08-06 2013-01-02
SPDR BARCLAYS CAPITAL 1-3 MONT - 47.000 SHS P 2012-08-06 2013-01-02
SPDR BARCLAYS CAPITAL 1-3 MONT - 134.000 SHS P 2012-08-11 2013-01-02
SPDR BARCLAYS CAPITAL 1-3 MONT - 215.000 SHS P 2012-10-23 2013-01-02
SPDR BARCLAYS CAPITAL 1-3 MONT - 157.000 SHS P 2012-10-23 2013-01-02
SPDR BARCLAYS CAPITAL 1-3 MONT - 67.000 SHS P 2012-10-23 2013-01-02
SPDR BARCLAYS CAPITAL 1-3 MONT - 21.000 SHS P 2012-10-23 2013-01-02
SPDR BARCLAYS CAPITAL 1-3 MONT - 264.000 SHS P 2012-10-23 2013-05-01
SPDR BARCLAYS CAPITAL 1-3 MONT - 247.000 SHS P 2012-10-23 2013-05-01
SPDR BARCLAYS CAPITAL 1-3 MONT - 97.000 SHS P 2012-10-23 2013-05-01
SPDR BARCLAYS CAPITAL 1-3 MONT - 72.000 SHS P 2012-10-23 2013-05-01
SPDR BARCLAYS CAPITAL 1-3 MONT - 118.000 SHS P 2012-10-23 2013-05-15
SPDR BARCLAYS CAPITAL 1-3 MONT - 11.000 SHS P 2012-10-23 2013-05-15
SPDR BARCLAYS CAPITAL 1-3 MONT - 284.000 SHS P 2012-11-07 2013-05-15
SPDR BARCLAYS CAPITAL 1-3 MONT - 94.000 SHS P 2012-11-07 2013-05-15
SPDR BARCLAYS CAPITAL 1-3 MONT - 21.000 SHS P 2012-11-19 2013-05-15
SPDR BARCLAYS CAPITAL 1-3 - 47.000 SHS P 2012-11-30 2013-05-15
SPDR BARCLAYS CAPITAL 1-3 - 634.000 SHS P 2013-02-08 2013-05-15
SPDR TRUST SERIES 1 - 20.000 SHS P 2012-08-24 2013-02-08
SPDR TRUST SERIES 1 - 183.000 SHS P 2012-10-25 2013-02-08
SPDR TRUST SERIES 1 - 46.000 SHS P 2012-10-25 2013-05-15
SPDR TRUST SERIES 1 - 65.000 SHS P 2012-10-25 2013-05-15
SPDR TRUST SERIES 1 - 367.000 SHS P 2013-01-02 2013-05-15
SPDR TRUST SERIES 1 - 486.000 SHS P 2013-01-14 2013-05-15
SPDR TRUST SERIES 1 - 178.000 SHS P 2013-01-25 2013-05-15
THE ADT CORPORATION COM - 50.000 SHS P 2012-10-08 2013-06-13
THE ADT CORPORATION COM - 8.000 SHS P 2013-06-03 2013-06-13
TOUCHSTONE SANDS CAP SEL GR Y - 572.952 SHS P 2013-03-18 2013-08-05
UNION PACIFIC CORP - 11.000 SHS P 2012-07-25 2013-01-29
UNITED PARCEL SERVICE INC CL-B - 23.000 SHS P 2012-07-25 2013-02-01
UNITED PARCEL SERVICE INC CL-B - 8.000 SHS P 2012-07-25 2013-05-23
UNITED PARCEL SERVICE INC CL-B - 14.000 SHS P 2012-08-06 2013-05-23
UNITED PARCEL SERVICE INC CL-B - 18.000 SHS P 2012-10-08 2013-05-23
UNITED PARCEL SERVICE INC CL-B - 2.000 SHS P 2012-10-08 2013-05-23
VIRTUS INSIGHT EMERG MKTS I - 1,054.862 SHS P 2012-07-25 2013-05-15
VISA INC CL A - 10.000 SHS P 2012-08-06 2013-08-01
THE ADT CORPORATION COM - 33.000 SHS P 2012-07-25 2013-04-03
THE ADT CORPORATION COM - 12.000 SHS P 2012-07-25 2013-06-13
THE ADT CORPORATION COM - 151000 SHS P 2012-08-06 2013-06-13
AMER INTL GP INC NEW - 84.000 SHS P 2012-10-08 2013-12-19
BOEING CO - 44.000 SHS P 2012-07-25 2013-11-20
BOEING CO - 5.000 SHS P 2012-08-06 2013-11-20
BORG WARNER INC - 24.000 SHS P 2012-07-25 2013-09-16
CAPITAL ONE FINANCIAL CORP - 20.000 SHS P 2012-07-25 2013-09-13
CAPITAL ONE FINANCIAL CORP - 9.000 SHS P 2012-08-06 2013-09-13
CAPITAL ONE FINANCIAL CORP - 12.000 SHS P 2012-08-06 2013-10-08
ENBRIDGE ENERGY MGMT LLC - 0.627 SHS P 2012-07-25 2013-08-14
ENBRIDGE ENERGY MGMT LLC - 0.898 SHS P 2012-07-25 2013-11-14
ISHARES MORNINGSTAR MID CP ETF - 240.000 SHS P 2012-07-25 2013-09-11
ISHARES MORNINGSTAR MID CP ETF - 120.00 SHS P 2012-08-06 2013-09-11
KINDER MORGAN INCORP - 93.000 SHS P 2012-07-25 2013-12-05
KINDER MORGAN INCORP - 37.000 SHS P 2012-08-06 2013-12-05
KINDER MORGAN INCORP - 24.000 SHS P 2012-10-08 2013-12-05
MC DONALDS CORP - 33.000 SHS P 2012-10-08 2013-11-18
MC DONALDS CORP - 27.000 SHS P 2012-10-08 2013-11-20
NOVARTIS AG ADR - 46.000 SHS P 2012-07-25 2013-10-17
NOVARTIS AG ADR - 21.000 SHS P 2012-08-06 2013-10-17
OAKMARK INTERNATL I - 526.026 SHS P 2012-07-25 2013-08-05
PIMCO UNCONSTRAINED BOND P - 2,842.425 SHS P 2012-07-25 2013-09-11
PIMCO UNCONSTRAINED BOND P - 1,418.411 SHS P 2012-08-06 2013-09-11
PRUDENTIAL GLB REAL ESTATE Z - 98.962 SHS P 2012-07-25 2013-08-05
VISA INC CL A - 20.000 SHS P 2012-07-25 2013-08-01
MORGAN STANLEY SMITH BARNEY P   2013-12-31
(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 3,888   4,600 -712
b 378   417 -39
c 1,200   902 298
d 800   709 91
e 66,457   60,090 6,367
29,509   27,399 2,110
654   629 25
1,208   827 381
18,230   18,532 -302
7,897   8,048 -151
555   570 -15
30   31 -1
114   118 -4
112   113 -1
329   332 -3
5   5 0
2,418   2,143 275
1,702   1,475 227
55,786   56,884 -1,098
27,926   28,285 -359
2,910   2,955 -45
107   109 -2
296   300 -4
494   496 -2
345   346 -1
272   273 -1
263   265 -2
272   272 0
1,417   1,066 351
1,820   1,205 615
1,520   927 593
2,205   1,440 765
10   10 0
14   13 1
51,261   45,085 6,176
20,703   18,846 1,857
296   269 27
392   356 36
946   860 86
1,721   1,563 158
17,614   18,266 -652
9,625   9,589 36
12,562   12,341 221
19,624   20,182 -558
9,435   9,708 -273
8,949   8,407 542
10,696   9,647 1,049
8,642   9,331 -689
13,217   13,054 163
2,978   2,901 77
8,714   9,343 -629
11,100   12,207 -1,107
1,190   1,312 -122
4,674   4,269 405
27,470   26,159 1,311
19,053   17,796 1,257
9,063   8,621 442
3,912   4,283 -371
8,394   8,426 -32
3,594   3,065 529
719   756 -37
16,098   16,549 -451
11,155   9,437 1,718
9,267   8,627 640
7,240   5,848 1,392
13,036   12,875 161
15,958   15,085 873
15,166   14,436 730
29,564   29,376 188
7,502   7,734 -232
32,935   33,475 -540
4,637   4,132 505
4,153   3,849 304
23,340   18,002 5,338
9,810   7,820 1,990
4,050   4,438 -388
4,635   4,969 -334
14,241   13,775 466
10,404   9,830 574
15,511   14,279 1,232
48,022   48,622 -600
24,346   24,508 -162
2,379   2,399 -20
175   177 -2
161   162 -1
8   8 0
88   88 0
193   194 -1
151   151 0
157   157 0
12,939   12,494 445
3,841   4,081 -240
62,963   59,279 3,684
28,659   27,652 1,007
2,612   2,578 34
526   516 10
751   736 15
28,695   27,798 897
11,513   11,439 74
920   917 3
109   109 0
155   155 0
561   566 -5
165   167 -2
156   158 -2
135   135 0
654   686 -32
32   34 -2
54   57 -3
57   59 -2
829   855 -26
32   33 -1
25   26 -1
39   40 -1
41,175   42,653 -1,478
46   47 -1
77   80 -3
79   81 -2
45   46 -1
45   45 0
51   52 -1
3,386   1,886 1,500
41,859   41,410 449
28,440   28,043 397
11,086   10,641 445
2,977   2,778 199
1,434   1,369 65
1,323   1,268 55
6,281   5,296 985
26,386   26,402 -16
2,153   2,156 -3
6,138   6,142 -4
9,849   9,860 -11
7,192   7,198 -6
3,069   3,074 -5
962   964 -2
12,091   12,112 -21
11,312   11,324 -12
4,443   4,447 -4
3,298   3,301 -3
5,404   5,412 -8
504   504 0
13,007   13,022 -15
4,305   4,310 -5
962   963 -1
2,153   2,154 -1
29,037   29,044 -7
3,031   2,864 167
27,734   27,143 591
7,623   6,823 800
10,772   9,668 1,104
60,819   53,301 7,518
80,540   71,227 9,313
29,498   26,650 2,848
1,937   1,897 40
310   326 -16
8,795   7,708 1,087
1,483   1,296 187
1,833   1,716 117
699   597 102
1,224   1,062 162
1,574   1,324 250
175   147 28
11,530   9,727 1,803
1,752   1,314 438
1,485   1,124 361
465   407 58
581   528 53
4,200   2,996 1,204
5,891   3,270 2,621
669   366 303
2,406   1,522 884
1,351   1,099 252
608   511 97
817   682 135
18   18 0
25   26 -1
28,442   21,592 6,850
14,221   11,167 3,054
3,069   3,272 -203
1,221   1,340 -119
792   855 -63
3,212   3,019 193
2,641   2,470 171
3,444   2,615 829
1,572   1,244 328
13,198   8,674 4,524
31,665   32,745 -1,080
15,801   16,255 -454
2,196   1,985 211
3,505   2,446 1,059
7,318     7,318
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       -712
b       -39
c       298
d       91
e       6,367
      2,110
      25
      381
      -302
      -151
      -15
      -1
      -4
      -1
      -3
      0
      275
      227
      -1,098
      -359
      -45
      -2
      -4
      -2
      -1
      -1
      -2
      0
      351
      615
      593
      765
      0
      1
      6,176
      1,857
      27
      36
      86
      158
      -652
      36
      221
      -558
      -273
      542
      1,049
      -689
      163
      77
      -629
      -1,107
      -122
      405
      1,311
      1,257
      442
      -371
      -32
      529
      -37
      -451
      1,718
      640
      1,392
      161
      873
      730
      188
      -232
      -540
      505
      304
      5,338
      1,990
      -388
      -334
      466
      574
      1,232
      -600
      -162
      -20
      -2
      -1
      0
      0
      -1
      0
      0
      445
      -240
      3,684
      1,007
      34
      10
      15
      897
      74
      3
      0
      0
      -5
      -2
      -2
      0
      -32
      -2
      -3
      -2
      -26
      -1
      -1
      -1
      -1,478
      -1
      -3
      -2
      -1
      0
      -1
      1,500
      449
      397
      445
      199
      65
      55
      985
      -16
      -3
      -4
      -11
      -6
      -5
      -2
      -21
      -12
      -4
      -3
      -8
      0
      -15
      -5
      -1
      -1
      -7
      167
      591
      800
      1,104
      7,518
      9,313
      2,848
      40
      -16
      1,087
      187
      117
      102
      162
      250
      28
      1,803
      438
      361
      58
      53
      1,204
      2,621
      303
      884
      252
      97
      135
      0
      -1
      6,850
      3,054
      -203
      -119
      -63
      193
      171
      829
      328
      4,524
      -1,080
      -454
      211
      1,059
      7,318
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 96,100
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 202,554 1,168,090 0.173406
2011 223,939 1,216,678 0.184058
2010 246,509 1,360,385 0.181205
2009 269,364 1,416,268 0.190193
2008 301,356 2,059,492 0.146325
2 Total of line 1, column (d) ...................... 2 0.875187
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 0.175037
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 1,300,748
5 Multiply line 4 by line 3....................... 5 227,679
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,025
7 Add lines 5 and 6......................... 7 228,704
8 Enter qualifying distributions from Part XII, line 4.............. 8 139,859
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 2,051
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 2,051
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 2,051
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 1,560
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 1,560
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 9 491
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)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJEFFREY LIPINSKY Telephone no.bullet (858) 456-0162
    Located atbullet6102 LA JOLLA MESA DRIVELA JOLLACA ZIP+4bullet92037
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JEFFREY LIPINSKY TRUSTEE
    1.00     		0 0 0
    6102 LA JOLLA MESA DRIVE
    LA JOLLA,CA92037
    SHEILA LIPINSKY TRUSTEE
    0.00     		0 0 0
    6102 LA JOLLA MESA DRIVE
    LA JOLLA,CA92037
    STEVEN LIPINSKY TRUSTEE
    0.00     		0 0 0
    413 BRIDOON TERRACE
    ENCINITAS,CA92024
    DAREN LIPINSKY TRUSTEE
    0.00     		0 0 0
    3124 GARDENIA LANE
    YORBA LINDA,CA92886
    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 THE FOUNDATION WAS FORMED TO MAKE CHARITABLE DONATIONS TO OTHER FEDERALLY TAX EXEMPT SECTION 501 (C) (3) ORGANIZATIONS. 0
    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
    65,037
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    2,051
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,051
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    62,986
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    62,986
    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
    62,986
    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 62,986
    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....... 199,055
    b From 2009....... 199,436
    c From 2010....... 182,749
    d From 2011....... 163,570
    e From 2012....... 145,704
    fTotal of lines 3a through e......... 890,514
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 139,859
    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..... 62,986
    e Remaining amount distributed out of corpus 76,873
    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 5 967,387
    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) ...     		199,055
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		768,332
    10 Analysis of line 9:
    a Excess from 2009.... 199,436
    b Excess from 2010.... 182,749
    c Excess from 2011.... 163,570
    d Excess from 2012.... 145,704
    e Excess from 2013.... 76,873
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CYGNET THEATRE COMPANY
    2410 CONGRESS STREET
    SAN DIEGO,CA92110     		NONE 501(C)(3) PAYMENTS FOR ARTS EDUCATION OUTREACH, NEW PLAY DEVELOPMENT AND COMMUNITY COLLABORATION 5,000
    ION THEATRE COMPANY
    3704 SIXTH AVENUE
    SAN DIEGO,CA92103     		NONE 501(C)(3) PAYMENTS TO PROVIDE AN ENVIRONMENT FOR THE GROWTH AND EDUCATION OF THE ARTS 4,500
    JERUSALEM FOUNDATION
    420 LEXINGTON AVENUE SUITE 1645
    NEW YORK,NY10170     		NONE 501(C)(3) PAYMENTS FOR COMMUNITY PROJECTS AND CULTURAL PROGRAMMING 1,000
    KIDS INCLUDED TOGETHER IN SAN DIEGO
    2820 ROOSEVELT ROAD SUITE 202
    SAN DIEGO,CA92106     		NONE 501(C)(3) PAYMENTS TO PROVIDE LEARNING OPPORTUNITIES AND YOUTH ENRICHMENT PROGRAMS 500
    KPBS
    5200 CAMPANILE DRIVE
    SAN DIEGO,CA92182     		NONE 501(C)(3) PAYMENTS TO HELP PROVIDE LOCAL COMMUNITIES WITH NEWS AND ENTERTAINMENT PROGRAMMING 2,100
    LA JOLLA PLAYHOUSE
    2910 LA JOLLA VILLAGE DRIVE
    LA JOLLA,CA92037     		NONE 501(C)(3) PAYMENTS FOR ADVANCING THE ARTS IN SAN DIEGO 1,000
    LAWRENCE FAMILY JCC
    4126 EXECUTIVE DRIVE
    LA JOLLA,CA92037     		NONE 501(C)(3) PAYMENTS TO SUPPORT JCC PROGRAMS BENEFITING THE SAN DIEGO COMMUNITY 5,000
    MAMA'S KITCHEN
    3960 HOME AVENUE
    SAN DIEGO,CA92105     		NONE 501(C)(3) PAYMENTS TO HELP PROVIDE NUTRITIOUS FOOD THROUGHOUT THE COMMUNITY TO PEOPLE IN NEED 500
    NORTH COAST REPERTORY THEATRE
    987 LOMAS SANTA FE DR SUITE D
    SOLANA BEACH,CA92075     		NONE 501(C)(3) PAYMENTS TO HELP ADVANCE THE ARTS AND LIVE THEATRE 5,000
    OLD GLOBE THEATRE
    1363 OLD GLOBE WAY
    SAN DIEGO,CA921011696     		NONE 501(C)(3) PAYMENTS TO PRESERVE, STRENGTHEN, AND ADVANCE AMERICAN THEATRE 4,085
    RADY CHILDREN'S HOSPITAL FOUNDATION
    3020 CHILDRENS WAY MC 5005
    SAN DIEGO,CA921234282     		NONE 501(C)(3) PAYMENTS TO SUPPORT PEDIATRIC-CARE FACILITY PROVIDING CARE, RESEARCH, AND TEACHING 5,000
    SAN DIEGO FOOD BANK
    9850 DISTRIBUTION AVENUE
    SAN DIEGO,CA921212320     		NONE 501(C)(3) PAYMENTS TO PROVIDE FOOD FOR FAMILIES IN NEED 1,000
    SAN DIEGO OPERA ASSOCIATION
    1200 3RD AVE FL 18
    SAN DIEGO,CA92101     		NONE 501(C)(3) PAYMENTS TO FUND ARTISTIC EXCELLENCE 30,500
    SAN DIEGO YOUTH SYMPHONY
    1650 EL PRADO 207A
    SAN DIEGO,CA92101     		NONE 501(C)(3) PAYMENTS TO SUPPORT HIGHLY ADVANCED LEVELS OF MUSICAL EDUCATION 500
    UCSD FOUNDATION
    9500 GILMAN DRIVE 0940
    LA JOLLA,CA920930940     		NONE 501(C)(3) PAYMENTS TO PROVIDE ASSISTANCE FOR THE UNIVERSITY TO SUPPORT RESEARCH, TEACHING, AND PUBLIC SERVICE 1,000
    SAN DIEGO REPERTORY THEATRE
    79 HORTON PLAZA
    SAN DIEGO,CA92101     		NONE 501(C)(3) PROMOTE A MORE INCLUSIVE COMMUNITY THROUGH ART 4,000
    CENTER FOR JEWISH CULTURE AND CREATIVITY
    423 N PALM DRIVE SUITE 201
    BEVERLY HILLS,CA90210     		NONE 501(C)(3) TO SUPPORT PROJECTS THAT ADDRESS JEWISH IDENTITY AND COMMUNITY THROUGH THE MEDIUM OF CULTURE 5,000
    INTERNATIONAL BIPOLAR FOUNDATION
    8895 TOWNE CENTRE DRIVE SUITE
    105-360
    SAN DIEGO,CA92122     		NONE 501(C)(3) TO IMPROVE THE UNDERSTANDING AND TREATMENT OF BIPOLAR DISORDER 1,000
    PATRONS OF THE PRADO
    PO BOX 928530
    SAN DIEGO,CA921928530     		NONE 501(C)(3) TO BENEFIT DESIGNATED ARTS ORGANIZATIONS AND MUSEUMS AT BALBOA PARK'S PRADO 500
    JEWISH FAMILY SERVICE
    8804 BALBOA AVENUE
    SAN DIEGO,CA921231506     		NONE 501(C)(3) DEDICATED TO SERVICING THE COMMUNITY WITH MORE THAN FIFTY PROGRAMS AND SERVICES 10,000
    THE CAMPANILE FOUNDATION
    5500 CAMPANILE DRIVE
    SAN DIEGO,CA921821968     		NONE 501(C)(3) TO FACILITATE THE SDSU STRATEGY AND INSTITUTIONAL COMMITMENT TO INCREASE PRIVATE FUNDING 32,000
    JEWISH COMMUNITY FOUNDATION
    4950 MURPHY CANYON ROAD
    SAN DIEGO,CA92123     		NONE 501(C)(3) TO ENGAGE, EDUCATE AND INSPIRE GENERATIONS OF GIVERS THROUGH THE JEWISH COMMUNITY 1,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY PACIFIC SOUTH COAST CHAPTER
    12121 SCRIPPS SUMMIT DRIVE SUITE
    190
    SAN DIEGO,CA921314600     		NONE 501(C)(3) TO SUPPORT MS RESEARCH AND PROFESSIONAL EDUCATION AND PROVIDE PROGRAMS TO HELP PEOPLE AFFECTED WITH MS 500
    JEWISH COMMUNITY FOUNDATION OF SAN DIEGO SEACREST VILLAGE RETIREMENT
    211 SAXONY ROAD
    ENCINITAS,CA920242791     		NONE 501(C)(3) TO ENGAGE, EDUCATE AND INSPIRE GENERATIONS OF GIVERS THROUGH THE JEWISH COMMUNITY 3,600
    ANTI-DEFAMATION LEAGUE
    4950 MURPHY CANYON ROAD STE 250
    SAN DIEGO,CA92123     		NONE 501(C)(3) TO OPPOSE ANTI-SEMITISM AND ALL FORMS OF BIGOTRY 1,000
    UJF - UNITED JEWISH FEDERATION OF SAN DIEGO COUNTY
    4950 MURPHY CANYON ROAD
    SAN DIEGO,CA921234900     		NONE 501(C)(3) TO ENGAGE, EDUCATE AND INSPIRE GENERATIONS OF GIVERS THROUGH THE JEWISH COMMUNITY 5,000
    SAN DIEGO SYMPHONY
    1245 SEVENTH AVENUE
    SAN DIEGO,CA92101     		NONE 501(C)(3) TO SUPPORT THE EDUCATION AND OUTREACH PROGRAMS OFFERED THROUGH THE SAN DIEGO SYMPHONY 1,000
    PEDAL THE CAUSE
    512 VIA DE LA VALLE SUITE 309
    SOLANA BEACH,CA92075     		NONE 501(C)(3) TO SUPPORT CANCER RESEARCH 1,000
    Total .................................bullet 3a 132,285
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 1  
    4 Dividends and interest from securities....     14 21,710  
    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 96,100  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 117,811 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13117,811
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
    EIN: 33-0818870
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 15,149 7,575   7,574

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
    EIN: 33-0818870
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCKS 101,090 128,099

    TY 2013 InvestmentsOtherSchedule2
    Name:
    JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
    EIN: 33-0818870
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS FMV 949,863 1,011,623
    EXCHANGE-TRADED & CLOSED-END FUNDS FMV 136,194 146,229

    TY 2013 OtherExpensesSchedule
    Name:
    JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
    EIN: 33-0818870
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER INVESTMENT EXPENSES 7,193 7,193   0
    PERMIT FEES 75 75   0


    TY 2013 TaxesSchedule
    Name:
    JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
    EIN: 33-0818870
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHOLDING 425 425   0
    STATE TAX 10 0   0
    FEDERAL TAX 1,380 0   0