TY 2013 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2013

Open to Public Inspection

For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013

Name of foundation
MMK Foundation

% c/o Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside RdSuite 123Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

26-0372739

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here bullet

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

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

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

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

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

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

$2,527,330J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check
3	Interest on savings and temporary cash investments	664		664
4	Dividends and interest from securities......	70,727		70,727
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		217,825
b	Gross sales price for all assets on line 6a 767,879
7	Capital gain net income (from Part IV, line 2)...			220,130
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).......		13	13
12	Total. Add lines 1 through 11........	289,229		291,534
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		31,808	30,000	1,808
17	Interest...............
18	Taxes (attach schedule) (see instructions)		800
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		30,111	269	29,842
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	62,719		30,269	31,650
25	Contributions, gifts, grants paid........	212,000			212,000
26	Total expenses and disbursements. Add lines 24 and 25	274,719		30,269	243,650
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	14,510
b	Net investment income (if negative, enter -0-)			261,265
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2013)

Form 990-PF (2013)

Page 2

Part II		Balance Sheets	Attached schedules and amounts in the description column should be for end-of-year amounts only. (See instructions.)	Beginning of year	End of year
Part II		Balance Sheets		(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........		278,933	144,069	144,069
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........		1,602,866	1,744,827	2,319,145
	c	Investments—corporate bonds (attach schedule)........		50,420	38,861	45,350
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			18,972	18,766
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)		1,932,219	1,946,729	2,527,330
		17	Accounts payable and accrued expenses..........
18		Grants payable...................
19		Deferred revenue..................
20		Loans from officers, directors, trustees, and other disqualified persons
21		Mortgages and other notes payable (attach schedule)......
22		Other liabilities (describe )
23		Total liabilities (add lines 17 through 22)..........		0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds		1,932,219	1,946,729
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		1,932,219	1,946,729
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		1,932,219	1,946,729

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	1,932,219
2	Enter amount from Part I, line 27a.....................	2	14,510
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	1,946,729
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,946,729

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	Publicly-traded Securities
b	PASSTHROUGH K-1 CAPITAL LOSS
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	767,879	547,749	220,130
b
c
d
e

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			220,130
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	220,130
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2012	178,682	2,202,506	0.081127
2011	93,252	2,204,074	0.042309
2010	118,814	2,035,497	0.058371
2009	60,916	1,714,098	0.035538
2008	40,039	2,217,747	0.018054

2	Total of line 1, column (d) ......................	2	0.235399
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	0.04708
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	2,378,286
5	Multiply line 4 by line 3.......................	5	111,970
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	2,613
7	Add lines 5 and 6.........................	7	114,583
8	Enter qualifying distributions from Part XII, line 4..............	8	243,650
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2013)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,613
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	2,613
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,613
6	Credits/Payments:

a	2013 estimated tax payments and 2012 overpayment credited to 2013	6a	1,028
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	1,612
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,640
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	27
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax27	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

The books are in care of bullet

co Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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

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

16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the

foreign country bullet

Form 990-PF (2013)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2013?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2013, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2013?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2013.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........YesNo

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

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

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

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

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

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

Form 990-PF (2013)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Warren Edwards	Sec 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Sec 1.0	0	0	0
Marcia King	Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Treas 1.0	0	0	0
Mark A King	Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Pres 1.0	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

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

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2013)

Page 7

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


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

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

Part X

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

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

purposes:

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

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

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

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

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

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

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

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

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

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

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

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

Part XI

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

and do not complete this part.)

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

118,914

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

2,613

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

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

2,613

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

116,301

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

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

116,301

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

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

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

116,301

Part XII

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

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

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2013)

Page 8

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2012	(d) 2013
1 Distributable amount for 2013 from Part XI, line 7				116,301
2 Undistributed income, if any, as of the end of 2013:
a Enter amount for 2012 only.......			1,103
b Total for prior years:2011, 2010, 2009
3 Excess distributions carryover, if any, to 2013:
a From 2008.......
b From 2009.......
c From 2010.......
d From 2011.......
e From 2012.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2013 from Part
XII, line 4: $ 243,650
a Applied to 2012, but not more than line 2a			1,103
b Applied to undistributed income of prior years (Election required—see instructions)......
c Treated as distributions out of corpus (Election required—see instructions).........
d Applied to 2013 distributable amount.....				116,301
e Remaining amount distributed out of corpus		126,246
5 Excess distributions carryover applied to 2013.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		126,246
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2012. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2013. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2014 ..........				0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) .............
8Excess distributions carryover from 2008 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2014. Subtract lines 7 and 8 from line 6a ......		126,246
10 Analysis of line 9:
a Excess from 2009....
b Excess from 2010....
c Excess from 2011....
d Excess from 2012....
e Excess from 2013....	126,246

Form 990-PF (2013)

Page 9

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2013, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2013	(b) 2012	(c) 2011	(d) 2010	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ...........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

MARCIA KING

MARK A KING

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2013)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BAYLOR UNIVERSITY 1 BEAR PL UNIT 97042 WACO,TX76798	N/A	PC	West Relief Fund	5,000
CAPITAL FOR KIDS 2807 ALLEN ST 816 DALLAS,TX75204	N/A	PC	General & Unrestricted	17,500
CHILDRENS MEDICAL CENTER OF DALLAS 1935 MEDICAL DISTRICT DR DALLAS,TX75235	N/A	PC	General & Unrestricted	20,000
CHILDRENS MEDICAL CENTER OF DALLAS 1935 MEDICAL DISTRICT DR DALLAS,TX75235	N/A	PC	Child Life Patient Electronics Fund	30,000
FAMILY COMPASS 4210 JUNIUS ST 2ND FL DALLAS,TX75246	N/A	PC	Parent Aide Program	25,000
GREENHILL SCHOOL 4141 SPRING VALLEY RD ADDISON,TX75001	N/A	PC	General & Unrestricted	25,000
GREENHILL SCHOOL 4141 SPRING VALLEY RD ADDISON,TX75001	N/A	PC	Quiz Bowl Program	10,000
MELANOMA RESEARCH FOUNDATION 1411 K ST NW STE 800 WASHINGTON,DC20005	N/A	PC	Charitable Event	1,000
NORTH TEXAS FOOD BANK 4500 S COCKRELL HILL RD DALLAS,TX75236	N/A	PC	General & Unrestricted	25,000
OUR LADY OF PERPETUAL HELP SCHOOL 7625 CORTLAND AVE DALLAS,TX75235	N/A	PC	Scholarship Fund	7,500
OUR LADY OF PERPETUAL HELP SCHOOL 7625 CORTLAND AVE DALLAS,TX75235	N/A	PC	Tuition Program	2,500
PUBLIC HEALTH FOUNDATION ENTERPRISES INC 12801 CROSSROADS PKWY S STE 200 CITY OF INDUSTRY,CA91746	N/A	PC	Encephalitis Charitable Fund	500
SAINT MICHAEL AND ALL ANGELS CHURCH 8011 DOUGLAS AT COLGATE DALLAS,TX75225	N/A	PC	General & Unrestricted	8,000
SAINT MICHAEL AND ALL ANGELS CHURCH 8011 DOUGLAS AT COLGATE DALLAS,TX75225	N/A	PC	Youth Ministry	2,000
SOUTHWESTERN MEDICAL FOUNDATION 3963 MAPLE AVE STE 100 DALLAS,TX75219	N/A	PC	Chronic Kidney Disease initiative	25,000
STATE FAIR OF TEXAS PO BOX 150009 DALLAS,TX75315	N/A	PC	Youth Livestock Auction scholarship fund	1,500
THE DALLAS MORNING NEWS CHARITIES PO BOX 224866 DALLAS,TX75222	N/A	PC	General & Unrestricted	5,000
UNITED STATES SKI TEAM FOUNDATION 1 VICTORY LN BOX 100 PARK CITY,UT84060	N/A	PC	General & Unrestricted	1,000
YOUNG LIFE - GARLAND 11300 N CENTRAL EXPY DALLAS,TX75243	N/A	PC	Greenhill Young Life	500
Total ................................. 3a				212,000

bApproved for future payment

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

Form 990-PF (2013)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............			14	664
4 Dividends and interest from securities....			14	70,727
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	217,825
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aPASSTHROUGH K1 INCOME PROSHARES ULTRA EURO			14	13
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				289,229

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

13289,229

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2013)

Page 12

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2013)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2013 DepreciationSchedule

Name:

MMK Foundation

EIN: 26-0372739

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

- TIN:

TY 2013 InvestmentsCorpBondsSchedule

Name:

MMK Foundation

EIN: 26-0372739

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BELO A H CORP DEBENTURES 7.75%	16,730	21,550
HERTZ CORP-7.00%-01/15/2028	22,131	23,800

- TIN:

TY 2013 InvestmentsCorpStockSchedule

Name:

MMK Foundation

EIN: 26-0372739

Name of Stock	End of Year Book Value	End of Year Fair Market Value
A.H. BELO CORP	28,719	35,109
APPLE INC.	37,635	56,102
ASHFORD HOSPITALITY 8.45% SER	29,669	35,308
ASHFORD HOSPITALITY PRIME, INC	997	1,456
ASHFORD HOSPITALITY TR REIT	8,843	9,936
BERKSHIRE HATHAWAY INC. CLASS	39,736	59,280
CAPITAL PRODUCT PARTNERS UNITS	30,798	38,739
CEF HELIOS STRAT II		1
CINEMARK HOLDINGS INC	25,044	46,662
CLUBCORP HOLDINGS INC	8,563	8,870
CNA FINANCIAL CORPORATION	29,086	42,890
COMSTOCK RES INC	13,643	14,632
CONSOL ENERGY INC.	17,300	22,824
COSTAMARE INC	26,963	34,713
COSTAMARE INC 7.625% SERIES B	4,996	4,588
DILLARDS CAPITAL TRUST I	22,808	22,815
DOW CHEMICAL PV	27,157	39,960
DYNEX CAPITAL INC REIT	6,108	5,600
EMMIS COMMUNICATIONS CORP	14,925	16,140
EMMIS COMMUNICATIONS CORP CV P	4,206	4,050
ENBRIDGE ENERGY MGMT	36,021	36,710
ENTERTAINMENT PROPERTIES TRUST	8,264	8,180
EVEREST RE GROUP LTD	10,941	15,587
FELCOR LODGING TR	23,774	39,168
FELCOR LODGING TRUST, INC. PRF	20,529	20,588
FIDELITY NATIONAL FINANCIAL IN	27,101	61,655
FIRSTMERIT CORPORATION	10,107	15,561
FRONTLINE LTD	2,613	3,890
GALLAGHER ARTHUR J & CO.	32,309	42,237
GLIMCHER REALTY 8.125 SERIES	9,315	9,835
GLIMCHER REALTY TRST	8,493	12,168
GOLAR LNG PARTNERS LP	25,954	24,200
GOLDMAN SACHS DEP SH	20,289	18,390
HELIOS ADVANTAGE II
HOSPITALITY PROPERTIES TRUST	25,016	27,030
IPATH US TREASURY FLATTENER ET	16,686	16,368
ISHARES BARCLAYS US AGGREGATE	66,023	63,858
ISHARES TRUST MSCI EAFE INDEX	70,801	93,940
KINDER MORGAN INC	3,191	9,108
KNIGHTSBRIDGE TANKERS, LIMITED	8,553	9,190
KNOT OFFSHORE PARTNERS LP	22,023	28,100
KROGER CO	20,113	35,577
LASALLE HOTEL PROPERTIES PRFD	3,213	3,479
MADISON SQUARE GARDEN CO.	14,998	17,274
MARSH AND MCLENNAN COMPANIES I	30,612	48,360
MASONITE INTERNATIONAL CORPORA	9,994	12,000
MGIC INVT CORP WI	12,640	16,880
MONTPELIER RE HOLDINGS LTD PFD	10,543	10,756
NATURAL GAS FUTURES CONTANGO	13,489	13,600
NAVIOS MARITIME ACQUISITION CO	13,437	17,600
NAVIOS MARITIME PARTNRS LP	21,827	28,680
NEWCASTLE INVESTMENT CORP	25,291	25,830
PACIFIC DRILLING S.A.	18,747	21,774
PEABODY ENERGY CORP	14,924	15,624
PLUM CREEK TIMBER REIT	10,705	13,953
PRIMORIS SERVICES CORP	4,975	12,452
PROSHARES SHORT HIGH YIELD	34,880	32,260
QUANTA SVCS INC.	4,733	6,312
REGAL ENTERTAINMENT	23,484	33,065
RYMAN HOSPITALITY PROPERTIES	7,229	8,356
SAFE BULKERS INC COMMON STOCK	4,716	8,320
SAFE BULKERS INC PREF 8%	7,461	7,709
SEADRILL LTD	24,095	24,648
SEADRILL PARTNERS LLC	11,833	15,500
SEASPAN CORP 9.5% PFD C	24,430	23,751
SHIP FINC INTL	33,362	36,036
SINCLARI BROADCAST GROUP INC	23,871	35,730
STEALTHGAS, INC.	18,698	20,380
TEEKAY OFFSHORE PARTNERS LP	35,041	43,017
TEEKAY OFFSHORE PARTNERS LP CU	15,270	14,880
TEEKAY TANKERS CL A	10,396	14,541
TRIBUNE COMPANY	12,336	15,480
TROPICANA ENTERTAINMENT INC	4,506	5,250
TSAKOS ENERGY NAVIGATION LTD	4,956	4,519
TSAKOS ENERGY NAVIGATION LTD.	23,706	27,045
VANGUARD S&P 500 ETF	219,025	312,928
VANGUARD SM-CAP ETF	83,869	165,475
VANGUARD TOTAL STOCK MARKET ET	58,494	100,428
WEYERHAEUSER CO	7,729	14,238

- TIN:

TY 2013 InvestmentsLandSchedule2

Name:

MMK Foundation

EIN: 26-0372739

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value

- TIN:

TY 2013 InvestmentsOtherSchedule2

Name:

MMK Foundation

EIN: 26-0372739

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
PROSHARES ULTRASHORT EURO		18,972	18,766

- TIN:

TY 2013 LandEtcSchedule2

Name:

MMK Foundation

EIN: 26-0372739

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value

- TIN:

TY 2013 OtherExpensesSchedule

Name:

MMK Foundation

EIN: 26-0372739

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	14,242		14,242
WEBSITE MAINTENANCE	15,600		15,600
PASSTHROUGH K-1 EXPENSE PROSHA	269	269

- TIN:

TY 2013 OtherIncomeSchedule2

Name:

MMK Foundation

EIN: 26-0372739

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PASSTHROUGH K-1 INCOME PROSHARES ULTRASH	13	13

- TIN:

TY 2013 OtherProfessionalFeesSchedule

Name:

MMK Foundation

EIN: 26-0372739

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INTERNSHIP	1,808			1,808
Investment Management Services	30,000	30,000

- TIN:

TY 2013 TaxesSchedule

Name:

MMK Foundation

EIN: 26-0372739

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2013	800