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
ZS&M WILF FOUNDATION INC
(FORMERLY Z&M FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)200 CENTRAL AVENUEROOM/SUITE 102Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MOUNTAINSIDE, NJ07092

A Employer identification number

22-3553441

B Telephone number (see instructions)

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

$121,665,991J 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)	8,154,125
2	Check
3	Interest on savings and temporary cash investments	3,565,307		3,565,307
4	Dividends and interest from securities......
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,092,955
b	Gross sales price for all assets on line 6a 12,048,466
7	Capital gain net income (from Part IV, line 2)...			1,092,955
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	12,812,387		4,658,262
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		5,750	5,750
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)		45,984
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		770	770
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	52,504		6,520	0
25	Contributions, gifts, grants paid........	5,704,312			5,704,312
26	Total expenses and disbursements. Add lines 24 and 25	5,756,816		6,520	5,704,312
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	7,055,571
b	Net investment income (if negative, enter -0-)			4,651,742
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...............		1,359,593	2,042,357	2,042,357
	2	Savings and temporary cash investments..........
	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...........			33,500	33,500
	10a	Investments—U.S. and state government obligations (attach schedule)		8,286,975	3,334,838	3,099,447
	b	Investments—corporate stock (attach schedule)........		51,807,781	58,310,127	80,107,725
	c	Investments—corporate bonds (attach schedule)........		29,457,398	33,649,107	33,220,418
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........		2,638,155	3,162,544	3,162,544
	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)		93,549,902	100,532,473	121,665,991
		17	Accounts payable and accrued expenses..........		73,000
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)..........		73,000	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		93,476,902	100,532,473
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		93,476,902	100,532,473
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		93,549,902	100,532,473

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	93,476,902
2	Enter amount from Part I, line 27a.....................	2	7,055,571
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	100,532,473
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	100,532,473

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	600 CALL IBM 185 JAN SHORT	P	2013-01-07	2012-05-03
b	2600 APPLE	P	2013-12-17	2013-12-17
c	600 CALL IBM 190 APR SHORT	P	2013-03-07	2013-01-07
d	854630 GNMA 15 KA 37 5.37	P	2009-03-30	2013-12-31
e	600 CALL IBM 200 OCT SHORT	P	2013-08-15	2013-03-14
	437981 GNMA 34 HA 4.5 34	P	2009-05-29	2013-12-31
	1395 GE CAPITAL 6.625 PFD	P	2002-06-13	2013-01-02
	1765736 GNMA 72 DE 5 32	P	2009-03-10	2013-12-31
	10000 NEXTERA ENERGY CORP 6.6 PFD	P	2006-09-12	2013-01-09
	293863 GNMA 15 NH 4 38	P	2009-05-19	2013-12-31
	1480000 FHLMC 2714 CC 5 31	P	2003-12-18	2013-12-31
	6000 JP MORGAN CHASE 8.625 PFD	P	2012-12-19	2013-09-03
	10000 GE CAPITAL 5.875 PFD	P	2003-02-19	2013-01-18
	46497 GNMA 128 PN 2 42	P	2012-12-14	2013-12-31
	10000 VORNADO REALTY TR SER H 6.75 P	P	2005-06-19	2013-02-19
	5000 VORNADO REALTY TR SER F 6.75 PF	P	2004-11-16	2013-02-19
	250000 FIRST ENERGY SOLUTIONS 4.815	P	2010-02-01	2013-04-15
	6000 JP MORGAN CHASE CORP XIV 6.29 P	P	2004-09-22	2013-05-08
	250000 GE CAPITAL 6.23	P	2009-05-17	2013-05-15
	4000 EVERST CAPITAL TREASURY 6.2 PFD	P	2004-03-24	2013-03-24
	100000 GMAC 6.4 19	P	2004-11-04	2013-11-15
	54525 LOD ABBOTT FLOATING	P	2010-03-01	2013-12-08

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,633,494	481,434	1,152,060
b	1,429,091	1,466,666	-37,575
c	492,093	1,544,106	-1,052,013
d	854,630	878,632	-24,002
e	1,167,504	79,714	1,087,790
	437,981	452,725	-14,744
	34,875	34,875
	1,765,736	1,831,951	-66,215
	250,000	250,000
	293,863	303,046	-9,183
	1,480,000	1,439,300	40,700
	150,000	157,196	-7,196
	250,000	250,000
	46,497	46,483	14
	250,000	250,000
	125,000	125,000
	269,163	264,383	4,780
	150,000	150,000
	250,000	250,000
	100,000	100,000
	100,000	100,000
	518,539	500,000	18,539

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			1,152,060
b			-37,575
c			-1,052,013
d			-24,002
e			1,087,790
			-14,744

			-66,215

			-9,183
			40,700
			-7,196

			14


			4,780




			18,539

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	1,092,955
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	1,143,066

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	4,219,847	107,931,070	0.039098
2011	4,933,653	100,287,014	0.049195
2010	3,735,076	84,588,871	0.044156
2009	3,792,491	75,014,778	0.050557
2008	3,933,511	76,135,155	0.051665

2	Total of line 1, column (d) ......................	2	0.234671
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	0.046934
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	116,020,843
5	Multiply line 4 by line 3.......................	5	5,445,322
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	46,517
7	Add lines 5 and 6.........................	7	5,491,839
8	Enter qualifying distributions from Part XII, line 4..............	8	5,704,312
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	46,517
	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	46,517
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	46,517
6	Credits/Payments:

a	2013 estimated tax payments and 2012 overpayment credited to 2013	6a	80,000
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	80,000
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	33,483
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax33,483	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

N/A

The books are in care of bullet

NEIDICH COMPANY Telephone no. bullet

(908) 654-7010

Located at bullet

200 CENTRAL AVENUE SUITE 102MOUNTAINSIDENJ ZIP+4 bullet

07092

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
ZYGMUNT WILF	TRUSTEE 0.50	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.50	0	0	0
MARK WILF	TRUSTEE 0.50	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.50	0	0	0
JEFFREY WILF	TRUSTEE 0.50	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.50	0	0	0
JOSEPH WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	0	0	0
ELIZABETH WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	0	0	0
LEONARD WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	0	0	0
JASON WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	0	0	0
JONATHAN WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	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
NONE









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
NONE

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	N/A
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....................

5,801,042

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

46,517

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

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

46,517

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

5,754,525

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

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

5,754,525

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

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

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

5,754,525

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)

	(c) 2012	(d) 2013
1 Distributable amount for 2013 from Part XI, line 7		5,754,525
2 Undistributed income, if any, as of the end of 2013:
a Enter amount for 2012 only.......	5,164,874
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2013:
a From 2008.......
b From 2009.......
c From 2010.......
d From 2011.......
e From 2012.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2013 from Part
XII, line 4: $ 5,704,312
a Applied to 2012, but not more than line 2a	5,164,874
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.....		539,438
e Remaining amount distributed out of corpus
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
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 ..........		5,215,087
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 ......
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)

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).)

ZYGMUNT WILF

MARK WILF

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

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
PRINCETON UNIVERSITY 330 ALEXANDER ST PRINCETON,NJ08540		PUBLIC	GENERAL	28,000
YESHIVA UNIVERSITY 500 WEST 185TH ST NEW YORK,NY10033		PUBLIC	GENERAL	1,025,000
PINGRY SCHOOL MARTINSVILLE RD POB 366 MARTINSVILLE,NJ08836		PUBLIC	GENERAL	330,000
NEW YORK UNIVERSITY OF LAW 110 WEST THIRD ST NEW YORK,NY10012		PUBLIC	GENERAL	775,000
NEWARK ACADEMY 91 SOUTH ORANGE AVE LIVINGSTON,NJ07039		PUBLIC	GENERAL	250,000
GOLDA OCHS ACADEMY 1418 PLEASNAT VALLEY WAY WEST ORANGE,NJ07052		PUBLIC	GENERAL	929,500
AMERICAN ISRAEL EDUCATION FDN 251 H STREET NW WASHINGTON,DC20001		PUBLIC	GENERAL	75,000
HILLEL 800 8TH STREET NW WASHINGTON,DC20001		PUBLIC	GENERAL	50,000
JEWISH FAMILY SERVICE OF CENTRAL NJ 655 ESTFIELD AVE ELIZABETH,NJ07208		PUBLIC	GENERAL	49,150
AMERICAN SOCIETY OF YAD VASHEM 500 FIFTH AVE NEW YORK,NY10110		PUBLIC	GENERAL	25,000
JEWISH TELEGRAPHIC AGENCY 330 SEVENTH AVE NEW YORK,NY10001		PUBLIC	GENERAL	15,000
AMERICAN FRIENDS OF MELITZ 5708 PARK HEIGHTS AVE BALTIMORE,MD21215		PUBLIC	GENERAL	10,000
CONGREGATION ETZ CHAIM 1 LAFAYETTE DR LIVINGSTON,NJ07039		PUBLIC	GENERAL	41,100
MUSEUM OF JEWISH HERITAGE 36 BATTERY PL NEW YORK,NY10280		PUBLIC	GENERAL	6,062
CHAMAH 27 WILLIAM ST SUITE 613 NEW YORK,NY10005		PUBLIC	GENERAL	2,500
DYSAUTONOMIA FOUNDATION 315 WEST 39TH ST NEW YORK,NY10018		PUBLIC	GENERAL	1,000
MIDDLE EAST MEDIA & RESEARCH INSTIT PO BOX 27837 WASHINGTON,DC20038		PUBLIC	GENERAL	10,000
MINNEAPOLIS JEWSIH DAY SCHOOL 4330 CEDAR LAKE RD MINNEAPOLIS,MN55416		PUBLIC	GENERAL	1,000
NATIONAL CONFERANCE ON SOVIET JEWRY 2020 K ST NW SUITE 7800 WASHINGTON,DC20006		PUBLIC	GENERAL	1,000
JEWISH FEDERATION OF GREATER METRO 901 ROUTE 10 WHIPPANY,NJ07981		PUBLIC	GENERAL	1,250,000
VANDERBILT UNIVERSITY 221 KIRKLAND HALL NASHVILLE,TN37240		PUBLIC	GENERAL	750,000
VISUAL ARTS CENTER 68 ELM STREET SUMMIT,NJ07091		PUBLIC	GENERAL	50,000
RUTGERS HILLEL 93 COLLEGE AVENUE NEW BRUNSWICK,NJ08901		PUBLIC	GENERAL	25,000
PHILADELPHIA HOLOCAUST REMEMBERANCE 2100 ARCH ST PHILADELPHIA,PA19103		PUBLIC	GENERAL	5,000
Total ................................. 3a				5,704,312

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	3,565,307
4 Dividends and interest from securities....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property .............
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory .............			18	1,092,955
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)..				4,658,262

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

134,658,262

(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:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

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

ZS&M WILF FOUNDATION INC
(FORMERLY Z&M FOUNDATION INC

Employer identification number

22-3553441

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi) and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not total more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year ......................... 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 ZS&M WILF FOUNDATION INC (FORMERLY Z&M FOUNDATION INC

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	JOSEPH WILF 945 WESTMINSTER AVE HILLSIDE, NJ07205	$5,187,459	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	ZYGMUNT WILF 600 ASHWOOD ROAD SPRINGFIELD, NJ07081	$1,500,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	MARK WILF 6 LOCKHERN COURT LIVINGSTON, NJ07039	$1,466,666	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 ZS&M WILF FOUNDATION INC (FORMERLY Z&M FOUNDATION INC			Employer identification number 22-3553441

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	13399 SHRS ARCHER-DANIELS	$566,778		2013-12-18
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	8750 SHRS VODAFONE GROUP	$326,812		2013-12-18
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	5000 SHRS BRISTOL MYERS-SQUIBB	$258,600		2013-12-18
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	15000 SHRS WAL-MART STORES INC	$1,161,000		2013-12-18
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	13039 SHRS DIRECT TV	$858,488		2013-12-18
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	2916 SHRS TWENTY FIRST CENT FOX	$96,461		2013-12-18
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Name of organization ZS&M WILF FOUNDATION INC (FORMERLY Z&M FOUNDATION INC			Employer identification number 22-3553441
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	10000 SHRS EBAY INC	$523,700		2013-12-18
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	5000 NOVARTIS AG	$386,000		2013-12-18
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	20000 SHRS ORACLE CORP	$684,600		2013-12-18
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
3	2600 SHRS APPLE	$1,466,666		2013-12-17
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)		(d) Date received
1	6870 SHRS VALERO CORP	$325,020		2013-12-18
(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
ZS&M WILF FOUNDATION INC
(FORMERLY Z&M FOUNDATION INC

Employer identification number

22-3553441

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

(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

(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

(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

(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:

- TIN:

TY 2013 AccountingFeesSchedule

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN: 22-3553441

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES	5,750	5,750

- TIN:

TY 2013 CompensationExplanation

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN: 22-3553441

Person Name	Explanation
ZYGMUNT WILF
MARK WILF
JEFFREY WILF
JOSEPH WILF
ELIZABETH WILF
LEONARD WILF
JASON WILF
JONATHAN WILF

- TIN:

TY 2013 InvestmentsCorpBondsSchedule

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN: 22-3553441

Name of Bond	End of Year Book Value	End of Year Fair Market Value
1395 GE NOTES 6.625 32
100000 GMAC 6.4 19
250000 GE CAPITAL 6 23
150000 AID-ISRAEL 0 23	55,608	104,045
250000 ALLY FINANCIAL 8 31	257,422	297,500
250000 GOLDMAN SACHS GROUP 5.125 15	267,102	261,148
250000 FIRST ENERGY SOLUTION 4.8 15
250000 HSBC FINANCE 5 15	265,278	264,180
250000 COMCAST 4.95 16	266,405	272,982
250000 ANADARKO PETROLEUM 5.95 16	271,658	278,515
250000 BANK OF AMERICA 5.375 16	262,980	278,595
250000 SIMON PROPERTY GROUP 5.25 16	255,950	276,715
250000 SUNOCO 5.75 17	268,150	271,788
250000 BEAR STEARNS 5.55 17	263,735	278,622
250000 ALCOA 5.55 17	263,275	269,090
250000 AMB PROPERTY 4.25 17	256,932	270,005
250000 BRITISH TELECOM 5.95 18	263,648	285,868
250000 TRANSOCEAN 6 18	264,535	280,362
250000 PITNEY BOWES 4.75 18	263,187	261,140
250000 VIACOM 4.375 18	263,525	271,020
250000 ALABAMA POWER 5.125 19	267,565	278,960
250000 ANHEUSER-BUSCH 5 19	271,125	278,845
250000 USB VODAFONE 5.45 19	265,510	284,185
250000 WISCONSIN POWER&LIGHT 5 19	265,577	280,377
500000 BURLINGTON NORTHERN 4.7 19	532,308	548,505
250000 QUEST DIAGNOSTIC 4.75 20	264,365	260,075
250000 TIME WARNER CABLE 5 20	252,347	253,840
250000 PHILIP MORRIS INT'L 4.5 20	263,322	270,332
250000 POTASH CORP SASKATCHWAN 4.875	266,216	270,485
250000 CVS CAREMARK 4.75 20	263,493	273,147
250000 WAL-MART 3.625 20	246,886	261,962
250000 AGILENT TECHNOLOGIES 5 20	268,847	269,523
250000 ERP OPERATING 4.75 20	267,365	269,537
250000 L-3 COMMUNICATIONS 4.75 20	268,460	259,435
250000 TARGET 3.875 20	252,602	263,560
250000 JP MORGAN CHASE 4.4 20	261,167	268,740
250000 ARCELORMITTAL	250,238	265,615
250000 CREDIT SUISSE NY 4.375 20	261,123	267,233
250000 NEWELL RUBBERMAID 4.7 20	266,575	262,212
250000 AETNA 3.95 20	243,150	261,373
250000 ENTERGY 5.125 20	254,006	264,027
250000 CLIFFFS NATURAL RESOURCES 4.8	259,534	248,480
250000 MATTEL 4.35 20	261,062	260,280
250000 CORN PRODUCTS INT'L 4.625 20	262,500	260,673
250000 PEPSICO 3.125 20	238,012	250,287
250000 TRAVELERS COMPANIES 3.9 20	247,625	263,383
250000 PRUDENTIAL FINANCIAL 4.5 20	246,450	268,197
500000 HEWLETT-PACKARD 3.75 20	511,753	498,910
250000 UNION PACIFIC 4 21	251,215	260,868
500000 METLIFE 4.75 21	529,340	540,405
250000 SIMON PROPERTY GROUP 4.625 21	257,252	264,335
250000 LOEW'S COMPANIES 3.75 21	247,220	257,945
250000 BOSTON PROPERTIES 4.125 21	243,206	255,397
250000 CANADIAN PACIFIC 4.45 23	260,817	258,075
250000 ILLINOIS STATE BUILD 5.363 19	258,475	266,015
250000 CALIFORNIA STATE VAR 6.2 19	258,475	291,732
250000 HAWAII STATE BUILD 5.1 24	259,515	274,150
250000 NYS DORMITORY AUTH 5.262 25	258,272	272,550
250000 GEORGIA STATE BUILD 5.014 27	260,228	269,265
250000 UNIV OF MICHIGAN 5.593 40	257,010	259,935
54525 LORD ABBETT FLOATING
250000 ARECELOMITTAL 6.125 18	272,180	274,375
250000 CISCO SYSTEMS 4.95 19	273,441	281,208
250000 ALCOA 5.72 19	267,750	266,362
250000 ORACLE 5 19	271,447	283,023
100000 LOCKHEED MARTIN	104,254	107,533
250000 XEROX 5.625 19	273,927	275,680
250000 BOSTON SCIENTIFIC 6 20	267,275	287,008
250000 ADOBE SYSTEMS 4.75 20	257,932	269,870
250000 KRAFT FOODS 5.375 20	270,382	282,347
250000 COMCAST 5.15 20	265,438	278,893
250000 CLIFFS NATURE RESOURCES 5.9	272,900	263,813
100000 GOLDMAN SACHS 5.375 20	104,155	111,213
250000 ANHEUSER BUSCH 5 20	268,576	282,928
250000 NORDSTROM 4.75 20	265,150	273,590
250000 PRUDENTIAL FINANCIAL 5.375 2	269,045	282,528
250000 JP MORGAN 4.25 20	245,283	265,010
250000 DOW CHEMICAL 4.25 20	262,175	266,285
500000 HOME DEPOT 4.4 21	528,932	539,985
250000 ALTRIA GROUP 4.75 21	268,863	268,290
250000 CVS CAREMARK 4.125 21	260,557	259,143
500000 AVON PRODUCTS 4.2 18	528,695	504,390
500000 AMGEN 4.1 21	540,800	521,035
500000 WHIRLPOOL 4.85 21	540,000	523,305
250000 BERKSHIRE HATHAWAY 3.75 21	266,512	257,758
250000 LOCKHEED MARTIN 3.35 21	267,667	248,050
500000 CLOROX 3.8 21	538,950	503,175
250000 UNITED HEALTH GROUP 3.375 21	274,483	246,915
500000 GENERAL MILLS 3.15 21	524,769	409,445
500000 AT&T 3 22	519,250	471,075
500000 CIGNA 4 22	531,185	508,935
250000 WALT DISNEY 2.55 22	260,700	232,738
250000 CBS 3.375 22	265,192	238,602
500000 KELLOGG 3.125 22	516,250	474,055
250000 ANHEUSER BUSCH 2.5 22	257,460	231,242
250000 CAMBELL SOUP 2.5 22	256,338	220,543
250000 ALTRIA GROUP 2.85 22	254,065	230,180
500000 ESTEE LAUDER 2.35 22	508,412	452,105
250000 PACIFIC GAS & ELECTRIC	258,170	224,437
250000 PHILIP MORRIS 2.5 22	257,460	227,890
500000 THERMO FISCHER SCIENTIFIC3.15	525,405	465,305
250000 UNION PACIFIC 2.95 23	266,992	231,055
250000 AIR PRODUCTS & CHEMICALS 4.37	292,915	270,570
250000 BAXTER INTERNATIONAL 4.25 20	291,610	269,520
250000 UNITED TECHNOLOGIES 4.5 20	296,898	271,980
250000 WASTE MANAGEMENT 4.6 21	289,187	266,365
250000 BANK OF NY MELLON 3.55 21	264,598	255,785
250000 VERIZON COMMUNICATIONS 3.5 21	270,540	248,202
250000 KIMBERLY CLARK 2.4 22	258,675	232,380
250000 NORFOLK SOUTHERN 3 22	263,160	236,190
250000 CATERPILLAR 2.6 22	258,091	231,768
250000 MERCK 2.4 22	254,074	228,358
250000 INTEL 2.7 22	253,520	230,452
250000 BERKSHIRE HATHAWAY 3 22	250,378	236,093
250000 COCA COLA 2.5 33	260,202	229,352
250000 FEDEX 2.7 23	254,278	224,710
250000 AFLAC 3.625 23	253,938	241,995
250000 BAXTER INTERNATIONAL 3.2 23	252,380	238,838
250000 VERIZON COMMUNICATIONS 5.15	277,722	268,422
100000 APPLE 2.4 23	91,156	89,921
100000 VERIZON COMMUNICATIONS 6.4 33	111,180	115,012
100000 NORFOLK COUTHERN 7.05 37	127,375	123,033
100000 BOEING 6.875 39	134,805	132,186
100000 APPLE 3.85 43	84,410	83,542

- TIN:

TY 2013 InvestmentsCorpStockSchedule

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN: 22-3553441

Name of Stock	End of Year Book Value	End of Year Fair Market Value
158544 IBM	16,088,285	29,723,098
36000 LOWES COMPANIES	542,749	1,783,800
19000 WALMART STORES	1,325,000	1,495,110
326905 VORNADO REALTY TRUST	24,615,708	29,025,895
10000 GE CAPITAL SENIOR NOTES 5.875
5000 MORGAN STANLEY CAP TR IV 6.25 P	125,000	118,400
10000 FLORIDA P & L TRUST 5.875 PFD	250,000	242,000
4000 EVEREST CAP TRUST 6.2 PFD
6000 JP MORGAN CHASE CAP XIV 6.2 PFD
5000 VORNADO REALTY TR SER F 6.75 PF
2585 AVALON BAY COMM REIT	187,793	305,625
27562 CENTER BANCORP	314,200	517,063
3000 ESSEX PROPERTY TRUST REIT	196,680	430,530
27964 WELLS FARGO	2,756,648	1,269,566
17975 INTEL	450,404	466,541
10000 VORNADO RLTY TRUST SER H 6.75
10000 NEXTERA ENERGY CAPITAL 6.6 PFD
48880 NEW YORK COMMUNITY BANCORP	257,820	823,628
10000 OCCIDENTAL PETROLEUM	760,700	951,000
6000 PETROBAS	323,370	82,680
7000 APPLE INC	1,544,465	3,927,140
20000 VORNADO REALTY TRUST SER J	500,000	481,200
2200 CHEVRON	199,262	274,802
3000 COCA COLA	196,077	247,860
25700 ELI LILY	1,179,643	1,310,700
1966 KRAFT FOODS	70,010	105,987
388 GENERAL MOTORS WARRENTS 19	30,405	12,082
388 GENERAL MOTORS WARRANTS 19	23,167	8,970
5000 FIRST REBULIC BANK 6.2 PFD	125,000	110,750
20000 GOLDMAN SACHS 5.95 PFD	500,000	427,800
5900 MONDELEZ INTERNATIONAL	129,572	208,270
102 MOTORS LIQ CO		3,279
6000 HSBC HOLDINGS 8 PFD	166,505	161,640
6000 JP MORGAN CHASE
6000 WELLS FARGO 8 PFD	175,205	167,760
20000 CITI GROUP SER J 7.125 PFD	500,000	518,800
10000 VORNADO REALTY TRUST SER L 5.4	250,000	187,500
20000 WELLS FARGO 5.85 PFD	500,000	471,400
13399 ARCHER DANIELS MIDLAND	566,777	581,517
5000 BRISTOL MEYERS SQUIBB	258,600	265,750
13039 DIRECT TV	858,488	900,473
10000 EBAY	523,700	548,650
5000 NOVARTIS	386,000	401,900
20000 ORACLE	684,600	765,200
2916 TWENTY CENTURY FOX	96,461	102,556
6870 VALERO ENERGY	325,020	346,248
8750 VODAPHONE	326,813	334,555

- TIN:

TY 2013 InvestmentsGovtObligationsSch

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN: 22-3553441

US Government Securities - End of Year Book Value:

3,334,838

US Government Securities - End of Year Fair Market Value:

3,099,447

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

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

- TIN:

TY 2013 InvestmentsOtherSchedule2

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN: 22-3553441

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MERRILL LYNCH CMA FUND	AT COST	3,162,544	3,162,544

- TIN:

TY 2013 OtherExpensesSchedule

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN: 22-3553441

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
OFFICE EXPENSE	770	770

- TIN:

TY 2013 TaxesSchedule

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN: 22-3553441

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX	45,984