Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)530 EAST 76TH STREET No 27E   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10021
A Employer identification number

13-3661341
B Telephone number (see instructions)

(212) 744-2727
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$145,793,722J 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) 23,022,223
2 Check bullet
3 Interest on savings and temporary cash investments 13,623 13,623  
4 Dividends and interest from securities...... 16,561,827 15,221,078  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 34,107,998
b Gross sales price for all assets on line 6a 68,502,253
7 Capital gain net income (from Part IV, line 2)... 34,107,998
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 814,647 815,775  
12 Total. Add lines 1 through 11........ 74,520,318 50,158,474  
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 9,500 9,500   0
c Other professional fees (attach schedule).... Click to see attachment 80,128 80,128   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 165,000 0   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 60,347 2,267   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 314,975 91,895   0
25 Contributions, gifts, grants paid........ 3,379,000 3,379,000
26 Total expenses and disbursements. Add lines 24 and 25 3,693,975 91,895   3,379,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 70,826,343
b Net investment income (if negative, enter -0-) 50,066,579
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...............      
2 Savings and temporary cash investments.......... 4,157,321 8,869,007 8,869,007
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) 15,949,272 Click to see attachment23,535,022 23,535,022
b Investments—corporate stock (attach schedule)........ 34,984,541 Click to see attachment51,968,234 51,968,234
c Investments—corporate bonds (attach schedule)........ 2,804,849 Click to see attachment37,985,039 37,985,039
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 12,690,860 Click to see attachment15,827,880 15,827,880
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,500,000 Click to see attachment7,608,540 Click to see attachment7,608,540
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 72,086,843 145,793,722 145,793,722
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment10,038 Click to see attachment19,606
23 Total liabilities (add lines 17 through 22).......... 10,038 19,606
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......... 72,076,805 145,774,116
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 72,076,805 145,774,116
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 72,086,843 145,793,722
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 72,076,805
2 Enter amount from Part I, line 27a..................... 2 70,826,343
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 3,941,603
4 Add lines 1, 2, and 3.......................... 4 146,844,751
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,070,635
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 145,774,116
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 DERFNER PORTFOLIO P   2013-09-30
b GAINS FROM FLOWTHROUGH ENTITIES P   2013-12-31
c Capital Gains Dividends P    
d
e
(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 67,459,765   34,394,255 33,065,510
b 335,951     335,951
c 706,537     706,537
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       33,065,510
b       335,951
c       706,537
d
e
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 34,107,998
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 1,837,500 68,276,011 0.026913
2011 279,000 44,964,247 0.006205
2010 289,390 1,749,884 0.165377
2009 87,366 1,666,305 0.052431
2008 88,291 1,741,663 0.050694
2 Total of line 1, column (d) ...................... 2 0.301620
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 0.060324
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 99,716,215
5 Multiply line 4 by line 3....................... 5 6,015,281
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 500,666
7 Add lines 5 and 6......................... 7 6,515,947
8 Enter qualifying distributions from Part XII, line 4.............. 8 3,379,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
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 1,001,332
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 1,001,332
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 1,001,332
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 54,069
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 1,300,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,354,069
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 352,737
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet352,737 RefundedBullet 11 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.Click to see attachment
    10
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJAY LIEBERMAN Telephone no.bullet (212) 744-2727
    Located atbullet245 EAST 80TH STREETNEW YORKNY ZIP+4bullet10075
    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
    JAY LIEBERMAN TRUSTEE
    0.00     		0 0 0
    407 WICKAPOGUE ROAD
    SOUTHHAMPTON,NY11968
    PETER DERFNER TRUSTEE
    0.00     		0 0 0
    245 EAST 80TH STREET
    NEW YORK,NY10075
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................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
    4,985,811
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    1,001,332
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
    7,031
    c
    Add lines 2a and 2b............................
    2c
    1,008,363
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,977,448
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,977,448
    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
    3,977,448
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 3,977,448
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 3,327,411
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 3,379,000
    a Applied to 2012, but not more than line 2a 3,327,411
    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..... 51,589
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		3,925,859
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    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
    92ND STREET LEXINGTON AVE Y
    1395 LEXINGTON AVENUE
    NEW YORK,NY10128     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    AHRC NYC FOUNDATION INC
    83 MAIDEN LANE
    NEW YORK,NY10038     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    ALZHEIMERS ASSOCIATION - NYC CHAPTER
    360 LEXINGTON AVENUE 4TH FLOOR
    NEW YORK,NY10017     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    AMERICAN CANCER SOCIETY
    6725 LYONS STREET
    EAST SYRACUSE,NY13057     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    AMERICAN FRIENDS OF THE GHETTO FIGHTERS MUSEUM
    181 THE PLAZA
    TEANECK,NJ07666     		  PUBLIC CHARITY UNRESTRICTED USE 10,000
    AMERICAN MUSEUM OF NATURAL HISTORY
    CENTRAL PARK WEST AT 79TH STREET
    NEW YORK,NY100245192     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    BICOL CLINIC FOUNDATION INC
    951 NW 13TH ST SUITE 3E
    BOCA RATON,FL33486     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    BOCA RATON COMMUNITY HOSPITAL FOUNDATION
    745 MEADOWS ROAD
    BOCA RATON,FL33486     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    CHILDREN'S SHELTER OF HOPE FOUNDATION
    PO BOX 3471
    PORTLAND,OR97208     		  PUBLIC CHARITY UNRESTRICTED USE 5,000
    CHILDREN'S TUMOR FOUNDATION
    95 PINE STREET 16TH FLOOR
    NEW YORK,NY100051703     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    CITY MEALS ON WHEELS
    355 LEXINGTON AVENUE
    NEW YORK,NY10017     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    CROHN'S COLITIS FOUNDATION OF AMERICA
    386 PARK AVE SOUTH
    NEW YORK,NY10016     		  PUBLIC CHARITY UNRESTRICTED USE 30,000
    FAU FOUNDATION
    77 GLADES ROAD
    BOCA RATON,FL33431     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    FOUNDATION FOR GENDER SPECIFIC MEDICINE INC
    903 PARK AVENUE
    NEW YORK,NY10075     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    FRIENDS WITHOUT A BORDER
    1123 BROADWAY STE 1210
    NEW YORK,NY10010     		  PUBLIC CHARITY UNRESTRICTED USE 10,000
    HEBREW HOME FOR THE AGED
    5901 PALISADE AVENUE
    RIVERDALE,NY10471     		  PUBLIC CHARITY UNRESTRICTED USE 1,000,000
    HOSPITAL FOR SPECIAL SURGERY
    535 EAST 70TH STREET
    NEW YORK,NY10021     		  PUBLIC CHARITY UNRESTRICTED USE 175,000
    JBI INTERNATIONAL
    110 EAST 30TH STREET
    NEW YORK,NY10016     		  PUBLIC CHARITY UNRESTRICTED USE 30,000
    JDRF - NY CHAPTER
    432 PARK AVE SOUTH 15TH FLOOR
    NEW YORK,NY10016     		  PUBLIC CHARITY UNRESTRICTED USE 20,000
    JEWISH CENTER OF THE HAMPTONS
    44 WOODS LANE
    EAST HAMPTON,NY11937     		  PUBLIC CHARITY UNRESTRICTED USE 28,000
    JOSILYN'S FAITH FOUNDATION FOR PRADA WILLI SYNDROME
    100 SPRINGDALE ROAD A3-126
    CHERRY HILL,NJ08003     		  PUBLIC CHARITY UNRESTRICTED USE 30,000
    LIGHTHOUSE INTERNATIONAL
    111 EAST 59TH STREET
    NEW YORK,NY100221202     		  PUBLIC CHARITY UNRESTRICTED USE 30,000
    LISKER CONGREGATION
    163 EAST 69TH STREET
    NEW YORK,NY10021     		  PUBLIC CHARITY UNRESTRICTED USE 10,000
    MAZON A JEWISH RESPONSE FOR HUNGER
    10495 SANTA MONICA BLVD STE 100
    LOS ANGELES,CA90025     		  PUBLIC CHARITY UNRESTRICTED USE 30,000
    METROPOLITAN COUNCIL ON JEWISH POVERTY
    120 BROADWAY 7TH FLOOR
    NEW YORK,NY102710015     		  PUBLIC CHARITY UNRESTRICTED USE 30,000
    MOUNT SINAI DEPT OF SURGERY
    5 EAST 98TH STREET
    NEW YORK,NY10029     		  PUBLIC CHARITY UNRESTRICTED USE 125,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    733 THIRD AVENUE
    NEW YORK,NY10017     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    NY FIREFIGHTERS BURN CENTER
    21 ASCH LOOP
    BRONX,NY10475     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    RIVERDALE YMHAYWHA
    5625 ARLINGTON AVENUE
    RIVERDALE,NY10471     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    SOUTHHAMPTON HOSPITAL FOUNDATION
    240 MEETING HOUSE LANE
    SOUTHHAMPTON,NY11968     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    ST JUDE'S RESEARCH CHILDREN'S HOSPITAL
    262 DANNY THOMAS PLACE
    MEMPHIS,TN38105     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    STOCKBRIDGE BOWL ASSN
    PO BOX 118
    STOCKBRIDGE,MA01262     		  PUBLIC CHARITY UNRESTRICTED USE 30,000
    THE SOUP KITCHEN INC
    8645 WBOYNTON BEACH BLVD
    BOYNTON BEACH,FL33472     		  PUBLIC CHARITY UNRESTRICTED USE 10,000
    UJA FEDERATION OF NY
    130 EAST 59TH STREET
    NEW YORK,NY10022     		  PUBLIC CHARITY UNRESTRICTED USE 100,000
    UNION MISSION
    120 FAHM STREET
    SAVANNAH,GA31401     		  PUBLIC CHARITY UNRESTRICTED USE 15,000
    UNITED CEREBRAL PALSY ASSN OF NASSAU INC
    380 WASHINGTON AVENUE
    ROOSEVELT,NY11575     		  PUBLIC CHARITY UNRESTRICTED USE 5,000
    VARIETY - THE CHILDREN'S CHARITY OF NY
    505 EIGHTH AVENUE SUITE 1800
    NEW YORK,NY10018     		  PUBLIC CHARITY UNRESTRICTED USE 5,000
    YIVO INSTITUTE
    15 WEST 16TH STREET
    NEW YORK,NY10011     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    AMERICAN HEART ASSOCIATION
    7272 GREENVILLE AVENUE
    DALLAS,TX75231     		  PUBLIC CHARITY UNRESTRICTED USE 10,000
    THE NEEDLERS FOUNDATION INC
    1410 BROADWAY SUITE 1902
    NEW YORK,NY10018     		  PUBLIC CHARITY UNRESTRICTED USE 5,000
    JEWISH COMMUNITY COUNCIL OF PELHAM PARKWAY
    2157 HOLLAND AVENUE
    BRONX,NY10462     		  PUBLIC CHARITY UNRESTRICTED USE 2,500
    DOCTORS WITHOUT BORDERS
    333 7TH AVENUE 2ND FLOOR
    NEW YORK,NY10001     		  PUBLIC CHARITY UNRESTRICTED USE 5,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    ST GREGORY THE GREAT CHURCH OF MANHATTAN
    144 WEST 90TH STREET
    NEW YORK,NY10024     		  PUBLIC CHARITY UNRESTRICTED USE 2,500
    NEW YORK SHAMBHALA CENTER
    118 WEST 22ND STREET 6TH FLOOR
    NEW YORK,NY10011     		  PUBLIC CHARITY UNRESTRICTED USE 10,000
    WILSHIRE BOULEVARD TEMPLE
    3663 WILSHIRE BOULEVARD
    LOS ANGELES,CA90010     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    CHILDREN'S HOSPITAL LOS ANGELES
    4650 W SUNSET BLVD
    LOS ANGELES,CA90027     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    THE MUSIC CENTER
    135 N GRAND AVENUE
    LOS ANGELES,CA90012     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    LAURENCE SCHOOL
    13639 VICTORY BLVD
    VAN NUYS,CA91401     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    BABY2BABY
    6435 WILSHIRE BOULEVARD
    LOS ANGELES,CA90048     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    SYS INC
    1370A MAJORS PATH
    SOUTHHAMPTON,NY11969     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    ZIMMER CHILDREN'S MUSEUM
    6505 WILSHIRE BOULEVARD
    LOS ANGELES,CA90048     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    MELANOMA RESEARCH ALLIANCE
    1101 NEW YORK AVENUE NW
    WASHINGTON,DC20005     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    DUKE CHILDREN'S HOSPITAL & HEALTH CENTER
    710 W MAIN STREET SUITE 200
    DURHAM,NC27701     		  PUBLIC CHARITY UNRESTRICTED USE 100,000
    JUNIOR BLIND OF AMERICA
    5300 ANGELES VISTA BOULEVARD
    LOS ANGELES,CA90043     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    CIRCLE OF GENEROSITY
    PO BOX 1975 RADIO CITY STATION
    NEW YORK,NY10101     		  PUBLIC CHARITY UNRESTRICTED USE 5,000
    THE HUMANE SOCIETY OF NEW YORK
    306 EAST 59TH STREET
    NEW YORK,NY10022     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    ASPCA
    424 EAST 92ND STREET
    NEW YORK,NY10128     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    BRENTWOOD SCHOOL
    100 S BARRINGTON PLACE
    LOS ANGELES,CA90049     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    RED AUTISMO FOUNDATION
    5090 SHOREHAM PLACE SUITE 206
    SAN DIEGO,CA92122     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    PERLMAN MUSIC PROGRAM
    19 WEST 69TH STREET SUITE 304
    NEW YORK,NY10023     		  PUBLIC CHARITY UNRESTRICTED USE 36,000
    BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION INC
    199 CHAMBERS STREET
    NEW YORK,NY10007     		  PUBLIC CHARITY UNRESTRICTED USE 250,000
    INSTITUTE FOR EDUCATIONAL ACHIEVEMENT
    381 MADISON AVENUE
    NEW MILFORD,NJ07646     		  PUBLIC CHARITY UNRESTRICTED USE 25,000
    ENGINEERING WORLD HEALTH
    302 EAST PETTIGREW STREET SUITE 200
    DURHAM,NC27701     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    TRUSTEES U OF P BASSER RESEARCH CENTER FOR BRCA
    3400 CIVIC CENTER BOULEVARD
    PHILADELPHIA,PA19104     		  PUBLIC CHARITY UNRESTRICTED USE 50,000
    Total .................................bullet 3a 3,379,000
    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 13,623  
    4 Dividends and interest from securities....     14 16,561,827  
    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.....     14 814,647  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 34,107,998  
    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 51,498,095 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1351,498,095
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2013
    Name of the organization
    THE DERFNER FOUNDATION
     
    Employer identification number

    13-3661341
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




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

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

    13-3661341
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    ESTATE OF HAROLD DERFNER  
    245 EAST 80TH STREET
     
    NEW YORK, NY10075

    		$23,020,863


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

    HELEN DERFNER ARTICLE 5TH TRUST  
    245 EAST 80TH STREET
     
    NEW YORK, NY10075

    		$705


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

    ESTATE OF HELEN DERFNER  
    245 EAST 80TH STREET
     
    NEW YORK, NY10075

    		$655


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

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

    13-3661341
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MARKETABLE SECURITIES $17,094,093 2013-01-30
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

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

    13-3661341
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 AccountingFeesSchedule
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 9,500 9,500   0

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH 23,989,328 23,989,328
    JPMORGAN CHASE 13,995,711 13,995,711

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Name of Stock End of Year Book Value End of Year Fair Market Value
    LLBH 16,484,698 16,484,698
    WELLS FARGO 15,080,110 15,080,110
    SANFORD C. BERNSTEIN & CO LLC 20,403,426 20,403,426

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

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


    23,535,022
    State & Local Government Securities - End of Year Fair Market Value:


    23,535,022


    TY 2013 InvestmentsOtherSchedule2
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BECKROSE ESTATES LLC FMV 5,015,083 5,015,083
    224 REALTIES LLC FMV 610,954 610,954
    SP&D AIF FMV 155,255 155,255
    PALMER EQUITIES FMV 12 12
    1430 ASSOCIATES FMV 2,022 2,022
    575 ASSOCIATES FMV 68,034 68,034
    LLBH FMV 575,609 575,609
    HEDGE VENTURES LP FMV 6,302,178 6,302,178
    EAGLE VIEW DIVERSIFIED OPPTY FD FMV 1,012,057 1,012,057
    TALSON GLOBAL OPPTY FD FMV 1,048,520 1,048,520
    FULL VALUE PARTNERS FMV 1,038,156 1,038,156

    TY 2013 OtherAssetsSchedule
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CONDOMINIUM 530 E 76TH ST NYC #27E 1,500,000 1,541,730 1,541,730
    ESCROW RECEIVABLES   6,066,810 6,066,810


    TY 2013 OtherDecreasesSchedule
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Description Amount
    NONDEDUCTIBLE EXPENSES 1,070,635


    TY 2013 OtherExpensesSchedule
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NEW YORK STATE FILING FEE 21,500 0   0
    CONDO FEES 22,845 0   0
    REAL ESTATE TAXES 13,735 0   0
    INSURANCE 2,267 2,267   0


    TY 2013 OtherIncomeSchedule2
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    HAROLD DERFNER CO LLC 324,954 324,954 324,954
    909 REALTY CO LLC -24,984 -24,984 -24,984
    224 REALTIES LLC 96,229 96,229 96,229
    BECKROSE ESTATES LLC 404,190 404,190 404,190
    1430 ASSOCIATES 1,461 1,461 1,461
    EQUITIES 40 LLC 3,252 3,252 3,252
    SP&D AIF 8,644 8,644 8,644
    575 ASSOCIATES 43,183 43,183 43,183
    PALMER EQUITIES 3 3 3
    406 REALTIES -1,128 0 -1,128
    EAGLE'S VIEW -15,288 -15,288 -15,288
    TALSON GLOBAL -5,787 -5,787 -5,787
    LLBH -9,295 -9,295 -9,295
    FULL VALUE PARTNERS -2,236 -2,236 -2,236
    MERRILL LYNCH 52,247 52,247 52,247
    WELLS FARGO -807 -807 -807
    POWERSHARES -1,297 -1,297 -1,297
    HEDGE VENTURES -54,906 -54,906 -54,906
    PLAINS -4 -4 -4
    S.C. BERNSTEIN -3,784 -3,784 -3,784


    TY 2013 OtherIncreasesSchedule
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Description Amount
    UNREALIZED APPRECIATION IN MARKETABLE SECURITIES 3,092,867
    NON-DIVIDEND DISTRIBUTIONS 848,736


    TY 2013 OtherLiabilitiesSchedule
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Description Beginning of Year - Book Value End of Year - Book Value
    406 REALTIES INC 10,038 8,951
    EQUITIES 40 LLC 0 10,655


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 80,128 80,128   0


    TY 2013 SubstantialContributorsSch
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Name Address
    HELEN DERFNER ARTICLE 5TH TRUST
          		245 EAST 80TH STREET
    NEW YORK,NY10075
    ESTATE OF HAROLD DERFNER
          		245 EAST 80TH STREET
    NEW YORK,NY10075
    ESTATE OF HELEN DERFNER
          		245 EAST 80TH STREET
    NEW YORK,NY10075
    LESLIE CROSSE 245 EAST 80TH STREET
    NEW YORK,NY10075


    TY 2013 TaxesSchedule
    Name:
    THE DERFNER FOUNDATION
    EIN: 13-3661341
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF TAX & EXCISE TAX 165,000 0   0