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
WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

Number and street (or P.O. box number if mail is not delivered to street address)ATTN KAY HEGARTY 221 THIRD AVE SENO 300Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CEDAR RAPIDS, IA52401

A Employer identification number

42-6540579

B Telephone number (see instructions)

(319) 298-5333

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

$81,399,500J 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)	5,521
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	1,921,565		1,921,565
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		3,701,868
b	Gross sales price for all assets on line 6a 42,211,889
7	Capital gain net income (from Part IV, line 2)...			3,701,868
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........	5,628,954		5,623,433
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).......		42,680	16,762	25,918
c	Other professional fees (attach schedule)....		386,233	386,233	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)		75,441	25,441	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		10,978	8,896	2,082
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	515,332		437,332	28,000
25	Contributions, gifts, grants paid........	2,894,773			2,894,773
26	Total expenses and disbursements. Add lines 24 and 25	3,410,105		437,332	2,922,773
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,218,849
b	Net investment income (if negative, enter -0-)			5,186,101
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2013)

Page 2

Part II		Balance Sheets	Attached schedules and amounts in the description column should be for end-of-year amounts only. (See instructions.)	Beginning of year	End of year
Part II		Balance Sheets		(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........		4,499,761	7,428,928	7,428,928
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........		22,753,411	31,333,248	45,516,146
	c	Investments—corporate bonds (attach schedule)........		2,977,143	2,234,060	2,131,948
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........		34,189,672	25,830,301	26,272,972
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )		128,877	49,506	49,506
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)		64,548,864	66,876,043	81,399,500
		17	Accounts payable and accrued expenses..........
18		Grants payable...................
19		Deferred revenue..................
20		Loans from officers, directors, trustees, and other disqualified persons
21		Mortgages and other notes payable (attach schedule)......
22		Other liabilities (describe )
23		Total liabilities (add lines 17 through 22)..........		0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........		0	0
	28	Paid-in or capital surplus, or land, bldg., and equipment fund		0	0
	29	Retained earnings, accumulated income, endowment, or other funds		64,548,864	66,876,043
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		64,548,864	66,876,043
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		64,548,864	66,876,043

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	64,548,864
2	Enter amount from Part I, line 27a.....................	2	2,218,849
3	Other increases not included in line 2 (itemize)	3	108,330
4	Add lines 1, 2, and 3..........................	4	66,876,043
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	66,876,043

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
1 a	DELL INC SETTLEMENT	P
b	SLM SETTLEMENT	P
c	LEHMAN BROTHERS SETTLEMENT	P
d	GOLDMAN SACH SETTLEMENT	P
e	PUBLICLY TRADED SECURITIES	P
	PUBLICLY TRADED SECURITIES	P
	SCH K-1 US COMMODITY INDEX FD	P
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	84		84
b	309		309
c	25,539		25,539
d	1,026		1,026
e	14,189,684	14,441,096	-251,412
	27,838,794	24,019,837	3,818,957
		49,088	-49,088
	156,453		156,453

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			84
b			309
c			25,539
d			1,026
e			-251,412
			3,818,957
			-49,088
			156,453

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	3,701,868
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2012	4,157,179	74,746,776	0.055617
2011	3,518,346	75,433,652	0.046642
2010	3,233,585	70,375,172	0.045948
2009	4,206,810	64,554,182	0.065167
2008	4,933,704	86,496,696	0.057039

2	Total of line 1, column (d) ......................	2	0.270413
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	0.054083
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	77,636,385
5	Multiply line 4 by line 3.......................	5	4,198,809
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	51,861
7	Add lines 5 and 6.........................	7	4,250,670
8	Enter qualifying distributions from Part XII, line 4..............	8	2,922,773
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	103,722
	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	0
3	Add lines 1 and 2............................	3	103,722
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	103,722
6	Credits/Payments:

a	2013 estimated tax payments and 2012 overpayment credited to 2013	6a	94,872
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	50,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	144,872
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	41,150
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax41,150	Refunded	11	0

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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

KAY HEGARTY Telephone no. bullet

(319) 298-5333

Located at bullet

221 3RD AVE SE STE 300CEDAR RAPIDSIA ZIP+4 bullet

52401

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
HENRY D WALLACE	PRESIDENT 5.00	0	0	2,082
221 THIRD AVE SE STE 300 CEDAR RAPIDS,IA52401	PRESIDENT 5.00	0	0	2,082
LINDA WALLACE-GRAY	VP, SECY & TREAS 20.00	0	0	0
221 THIRD AVE SE STE 300 CEDAR RAPIDS,IA52401	VP, SECY & TREAS 20.00	0	0	0
ANGUS GILCHRIST	DIRECTOR 2.00	0	0	0
221 THIRD AVE SE STE 300 CEDAR RAPIDS,IA52401	DIRECTOR 2.00	0	0	0
ALEX GILCHRIST	DIRECTOR 2.00	0	0	0
221 THIRD AVE SE STE 300 CEDAR RAPIDS,IA52401	DIRECTOR 2.00	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...................				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
MORGAN STANLEY SMITH BARNEY	INVESTMENT CONSULT'G	196,002
370 17TH STREET STE 2800 DENVER,CO80202	INVESTMENT CONSULT'G	196,002
EAGLE CAPITAL MANAGEMENT	INVESTMENT MGMT	129,075
499 PARK AVENUE NEW YORK,NY10022	INVESTMENT MGMT	129,075

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2013)

Page 7

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


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

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

Part X

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

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

purposes:

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

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

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

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

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

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

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

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

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

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

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

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

Part XI

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

and do not complete this part.)

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

3,881,819

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

103,722

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

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

103,722

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

3,778,097

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

20,266

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

3,798,363

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

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

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

3,798,363

Part XII

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

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

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

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

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

Form 990-PF (2013)

Page 8

Part XIII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2012	(c) 2012	(d) 2013
1 Distributable amount for 2013 from Part XI, line 7				3,798,363
2 Undistributed income, if any, as of the end of 2013:
a Enter amount for 2012 only.......			2,361,774
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: $ 2,922,773
a Applied to 2012, but not more than line 2a			2,361,774
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.....				560,999
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 ..........				3,237,364
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)

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).)

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
ARCHAEOLOGY SOUTHWEST 300 ASH ALLEY TUCSON,AZ85701	NONE	PC	EXPERIMENTAL ARCHAEOLOGY FOR THE PUBLIC	30,000
ARIZONA STATE UNIVERSITY PO BOX 876011 TEMPE,AZ85287	NONE	PC	RESEARCH RELATIONS AMONG PREHISPANIC CULTURES IN NORTHWEST MEXICO AND THE AMERICAN SOUTHWEST	240,000
CORNELL UNIVERSITY 373 PINE TREE RD ITHACA,NY14850	NONE	PC	DEVELOPMENT OF SUSTAINABLE ROUTES TO HIGH PERFORMANCE ORGANIC MATERIALS	50,000
DELAWARE RIVERKEEPER NETWORK 925 CANAL ST STE 3701 BRISTOL,PA19007	NONE	PC	TO MONITOR AND PROTECT THE DELAWARE RIVER FROM GAS DRILLING IMPACTS	200,000
FAIREWINDS ENERGY EDUCATION CORP 70 S WINOOSKI AVE BOX 289 BURLINGTON,VT05401	NONE	PC	EDUCATIONAL OUTREACH TEACHING ABOUT NUCLEAR ENGINEERING, NUCLEAR POWER, AND NUCLEAR SAFETY ISSUES	100,000
FRIENDS OF SOUTH GEORGIA ISLAND 25 DAKOTA MEADOWS DR CARBONDALE,CO81623	NONE	PC	ERADICATION OF INVASIVE RODENTS ON SOUTH GEORGIA ISLAND	39,000
HABITAT FOR HUMANITY TUCSON 3501 N MOUNTAIN AVE TUCSON,AZ85719	NONE	PC	TO PROVIDE SERVICES FOR LOW-INCOME HOMEOWNERS	40,000
HAWK MOUNTAIN SANCTUARY ASSOCIATION 1700 HAWK MOUNTAIN RD KEMPTON,PA19529	NONE	PC	STUDY OF THE MOVEMENT ECOLOGY AND CONSERVATION STATUS OF THE ENDANGERED HOODED VULTURE	124,500
HUMANE SOCIETY INTERNATIONAL 700 PROFESSIONAL DR GAITHERSBURG,MD20879	NONE	PC	VETERINARY SERVICES TO THE COMMUNITY IN AND AROUND HOPKINS, BELIZE	75,000
HUMANE SOCIETY INTERNATIONAL 700 PROFESSIONAL DRIVE GAITHERSBURG,MD20879	NONE	PC	VETERINARY SERVICES TO VARIOUS COMMUNITIES IN COSTA RICA	44,000
HUMANE SOCIETY OF SOUTHERN ARIZONA 3450 N KELVIN BLVD TUCSON,AZ85716	NONE	PC	TREATMENT, REHABILITATION, AND RE-HOMING OF ANIMALS; SPAY/NEUTER SURGERIES	100,000
LOOMIS CHAFFEE SCHOOL 4 BATCHELDER RD WINDSOR,CT06095	NONE	PC	TO IMPROVE ENVIRONMENTAL STEWARDSHIP AND SUSTAINABILITY WITHIN THE SCHOOL COMMUNITY	250,000
MALPAI BORDERLANDS GROUP PO BOX 3596 DOUGLAS,AZ85608	NONE	PC	FOR PURCHASE OF A CONSERVATION EASEMENT EAST OF DOUGLAS, ARIZONA	25,000
MASSACHUSETTS AUDUBON SOCIETY 208 S GREAT RD LINCOLN,MA01773	NONE	PC	WILDLIFE CONSERVATION EFFORTS	65,000
OXFORD LAFAYETTE HUMANE SOCIETY PO BOX 1674 OXFORD,MS38655	NONE	PC	TO PLAN AND MAKE IMPROVEMENTS TO THE ANIMAL SHELTER	16,397
PRESCOTT COLLEGE 2233 EAST SPEEDWAY TUCSON,AZ85719	NONE	PC	IRONWOOD TREE EXPERIENCE	49,980
RIVERKEEPER INC 20 SECOR RD OSSINING,NY10562	NONE	PC	FOR GENERAL SUPPORT OF ECOLOGICAL PROGRAMS	50,000
SANTA CRUZ VALLEY HERITAGE ALLIANCE PO BOX 3445 TUCSON,AZ85722	NONE	PC	ORGANIZATIONAL DEVELOPMENT, CAPACITY BUILDING, AND HERITAGE DEVELOPMENT PROGRAMS	45,000
SCIENTEK-12 INC 3247 N CHRISTMAS AVE TUCSON,AZ85716	NONE	PC	EDUCATIONAL OUTREACH TO K-12 STUDENTS IN RURAL AND UNDER-SERVED AREAS OF ARIZONA	35,000
SENSORY PROCESSING DISORDER FOUNDATION 5420 S QUEBEC ST STE 135 GREENWOOD VILLAGE,CO80111	NONE	PC	RESEARCH RELATED TO SENSORY PROCESSING DISORDER	100,000
THE NATURE CONSERVANCY 1510 E FORT LOWELL RD TUCSON,AZ85719	NONE	PC	TO PURCHASE VEHICLES FOR USE IN CONSERVATION PROGRAMS	70,000
THE NATURE CONSERVANCY 2021 21ST AVE SOUTH STE C400 NASHVILLE,TN37212	NONE	PC	CAVE CONSERVATION AND WHITE NOSE SYNDROME RESEARCH IN TENNESSEE	50,000
THE NATURE CONSERVANCY 715 L STREET STE 100 ANCHORAGE,AK95501	NONE	PC	FOR GENERAL SUPPORT OF ALASKA'S CONSERVATION EFFORTS	70,000
THE NATURE CONSERVANCY PO BOX 65 KEENE VALLEY,NY12943	NONE	PC	INVASIVE SPECIES CONTROL AND PREVENTION PROJECTS IN THE ADIRONDACK PARK	20,000
TOHONO CHUL PARK 7366 N PASEO DEL NORTE TUCSON,AZ85704	NONE	PC	GARDENS, FACILITIES, AND CONSERVATION EDUCATION INITIATIVES	100,000
TUCSON BOTANICAL GARDENS 2150 N ALVERNON WAY TUCSON,AZ85712	NONE	PC	NEW EDUCATIONAL EXHIBIT ON INVASIVE PLANTS; NEW TREE CARE AND REPLACEMENT PLAN	40,000
UMASS FOUNDATION 100 WILLIAM T MORRISSEY BLVD BOSTON,MA02125	NONE	PC	TO FURTHER RESEARCH RELATED TO SENSORY PROCESSING DISORDER	20,000
UNION OF CONCERNED SCIENTISTS TWO BRATTLE SQUARE CAMBRIDGE,MA02138	NONE	PC	TO INFORM THE AMERICAN PUBLIC ABOUT NUCLEAR SAFETY	50,000
UNIVERSITY OF ARIZONA FOUNDATION 1111 N CHERRY AVE TUCSON,AZ85721	NONE	PC	PROGRAMS AT TUCSON VILLAGE FARMS	30,000
UNIVERSITY OF CALIFORNIA - SAN FRANCISCO 1855 FOLSOM ST STE 425 BOX 0897 SAN FRANCISCO,CA94143	NONE	PC	RESEARCH OF SENSORY PROCESSING DISORDER USING EEG	39,998
UNIVERSITY OF CALIFORNIA - SAN FRANCISCO 1855 FOLSOM ST STE 425 BOX 0897 SAN FRANCISCO,CA94143	NONE	PC	RESEARCH OF SENSORY PROCESSING DISORDER BY DEFINING RESTING STATE FUNCTIONAL CONNECTIVITY	39,999
UNIVERSITY OF CALIFORNIA - SAN FRANCISCO 1855 FOLSOM ST STE 425 BOX 0897 SAN FRANCISCO,CA94143	NONE	PC	RESEARCH OF SENSORY PROCESSING DISORDER AND DEVELOP THE SPD CONSORTIUM	40,001
UNIVERSITY OF CALIFORNIA - SAN FRANCISCO 1855 FOLSOM ST STE 425 BOX 0897 SAN FRANCISCO,CA94143	NONE	PC	RESEARCH OF SENSORY PROCESSING DISORDER USING EXOME SEQUENCING DATA	39,998
UNIVERSITY OF NORTH CAROLINA - CHAPEL HILL 104 AIRPORT DR STE 2200 CB 1350 CHAPEL HILL,NC27599	NONE	PC	INHERIT PROGRAM FOR ARCHAEOLOGICAL RESEARCH AND PRESERVATION OF MAYA CULTURAL HERITAGE	60,000
UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DR BOX 5174 HATTIESBURG,MS39406	NONE	PC	TO STUDY THE BALD CYPRESS FOREST IN THE NORTHERN GULF OF MEXICO	21,982
UNIVERSITY OF WISCONSIN - MADISON 21 N PARK ST STE 6401 MADISON,WI53715	NONE	PC	RESEARCH OF SENSORY OVER-RESPONSIVITY	39,966
URBANPROMISE MINISTRIES INC PO BOX 1479 CAMDEN,NJ08105	NONE	PC	EXPERIENTIAL LEARNING PROGRAMS FOR INNER CITY YOUTH	218,000
VANDERBILT UNIVERSITY 1215 21ST AVE S NASHVILLE,TN37232	NONE	PC	TO FURTHER RESEARCH RELATED TO SENSORY INTEGRATION DISORDER	39,960
WILDAID INC 744 MONTGOMERY ST STE 300 SAN FRANCISCO,CA94111	NONE	PC	COLLECTION OF DATA ON SHARK POPULATIONS AND SHARK CONSERVATION EDUCATION	20,000
WILDCOAST 925 SEACOAST DR IMPERIAL BEACH,CA91932	NONE	PC	CONSERVATION OF COASTAL ECOSYSTEMS AND WILDLIFE ON MEXICO'S PACIFIC COASTLINE	55,000
WILDLIFE ALLIANCE INC 1441 BROADWAY FIFTH FLOOR NEW YORK,NY10018	NONE	PC	TO END WILDLIFE TRAFFICKING IN SOUTHEAST ASIA	100,000
YALE UNIVERSITY 47 COLLEGE ST STE 203 NEW HAVEN,CT06510	NONE	PC	TO ADVANCE THE PRACTICE OF PEDIATRIC INTEGRATIVE MEDICINE	50,992
Total ................................. 3a				2,894,773

bApproved for future payment

Total ................................. 3b				0

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 ............
4 Dividends and interest from securities....			14	1,921,565
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	3,701,868
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		5,623,433	0

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

135,623,433

(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

WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

Employer identification number

42-6540579

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 WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

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	ERIC GILCHRIST CHARITABLE REMAINDER 1919 DOUGLAS ST 2ND FL MAC N8000-00 OMAHA, NE681021317	$5,521	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.)
(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 WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

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
		$
(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
WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

Employer identification number

42-6540579

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:

WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

EIN: 42-6540579

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	42,680	16,762		25,918

- TIN:

TY 2013 InvestmentsCorpBondsSchedule

Name:

WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

EIN: 42-6540579

Name of Bond	End of Year Book Value	End of Year Fair Market Value
1280 AEGON NV 8% 8.000 2-15-42	34,815	36,083
2394 AFFILIATED MAN 6.380 8-15-42	61,248	54,463
2906 AFLAC INC 5.5% 5 1/2 9-15-52	71,453	61,665
500 ALLIED CAP 6.875% 6 7/8 4-15-47	11,293	11,410
892 AMER FINL GRP INC 7.000 9-30-50	23,248	22,612
955 AMERICAN FINL GRP 6 3/8 6-12-42	25,192	22,614
525 APOLLO INV-6.625% 6 5/8 10-15-42	12,939	10,826
2760 ARES CAPITAL CORP 7 3/4 10-15-40	70,876	69,856
490 ARES CAPT CORP 7.000 2-15-22	12,489	12,838
1502 ASSURED GUAR MUNI 6 1/4 11-01-02	37,164	30,626
2550 AVIVA PLC 8.25 8 1/4 12-01-41	67,344	69,870
1675 CITIGROUP CAPT 7 7/8 10-30-40	45,752	45,644
1005 CITIGROUP CAPT IX TRUST PFD 7.00 2-14-33	24,178	25,226
900 CITIGROUP CAPT XVII 6.35 3-15-67	22,199	22,545
2360 COMMONWEALTH REIT 5 3/4 8-01-42	55,851	44,840
1110 COMMONWEALTH REIT 7.50 11-15-19	22,980	23,288
905 COUNTRYWIDE CAP V 7.000 11-01-36	22,565	22,942
1375 COUNTRYWIDE IV 6 3/4 4-01-33	34,174	34,224
3555 DOMINION RES SR-A 8 3/8 6-15-64	91,653	91,506
3715 DTE ENERGY SER-I 6 1/2 12-01-61	99,541	89,829
4545 GOLDMAN SACHS GP 6 1/2 11-01-61	113,043	114,670
1585 HARTFORD FINL SVC 7 7/8 4-15-42	46,304	45,426
2835 INTEGRYS ENERGY 6.000 8-01-73	69,938	67,898
2566 KKR FINL HLDGS 8 3/8 11-15-41	66,366	68,794
5117 LLOYDS BANKING 7 3/4 7-15-50	131,884	136,368
1955 MERRILL LYNCH CAP TR I 6.45 12-15-66	48,309	48,299
1840 MORGAN ST CAP TR 6.600 10-15-66	45,106	44,712
920 MORGAN ST CAP TR 6.600 2-01-46	22,654	22,586
2780 MORGAN ST III CUM 6 1/4 3-01-33	49,291	66,692
3220 NEXTERA ENER CAP 5.700 3-01-72	80,500	67,298
44 NEXTERA ENER CAP 8.75 3-01-69	1,118	1,121
535 PRUDENTIAL FINANCIAL 5.75 12-15-52	13,619	11,299
950 QWEST CORPORATION 7 7-01-52	25,165	20,776
1675 QWEST CORPORATION 7 1/2 9-15-51	41,691	39,245
3700 QWEST CORPORATION 7 3/8 6-01-51	92,828	85,581
4470 RAYMOND JAMES FIN 6.900 3-15-42	114,221	111,750
2790 REINSURANCE GRP 6.200 9-15-42	75,386	67,713
1090 SELECTIVE INS GRP 5 7/8 2-09-43	26,814	21,549
3421 SENIOR HSG TRST 5 5/8 8-01-42	83,967	69,344
510 SOLAR CAP 6.75% 6 3/4 11-15-42	12,038	10,277
1535 STANLEY BLK SER-I 5 3/4 7-25-52	39,435	32,818
560 TELE DATA 5.875% 5 7/8 12-01-61	13,964	10,830
2815 TELE&DATA SYS INC 6 7/8 11-15-59	69,735	63,732
1395 US CELLULAR CORP 6.950 5-15-60	35,162	31,597
2642 VORNADO RLTY LP 7 7/8 10-01-39	68,568	68,666

- TIN:

TY 2013 InvestmentsCorpStockSchedule

Name:

WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

EIN: 42-6540579

Name of Stock	End of Year Book Value	End of Year Fair Market Value
1800 3M COMPANY	153,321	252,450
1211 ACCENTURE PLC IRELAND CL A	81,985	99,568
2792 ADIDAS-SALOMON AG SPONS ADR	111,102	179,330
1510 AEGON NV 6.3750% SERIES	34,398	35,349
2275 AEGON NV SERIES 1	47,024	44,772
9150 AIA GROUP LTD SPON ADR	145,509	184,372
10600 ALTERA CP	232,472	344,617
1993 AMADEUS IT HLDG SA UNSPON ADR	65,693	85,201
1148 ANHEUSER BUSCH INBEV SA SPON	116,147	122,216
13351 AON PLC SHS CL-A	655,267	1,120,015
3865 ARCH CAPITAL GRP LTD 6.7500% C	92,438	88,624
1453 ARM HOLDINGS PLC ADS	26,437	79,524
131 ASCENT CAPITAL GROUP A COM	2,978	11,208
1265 ASML HOLDING NV NY REG NEW	103,106	118,530
1760 ASPEN INSC HLDGS LTD PERP PFD	45,830	44,528
1435 ASPEN INSURANCE HLDG LTD 5.95%	34,655	32,531
915 ASPEN INSURANCE HLDG LTD 7.25%	22,760	22,408
5049 ASSA ABLOY AB UNSP ADR	76,714	133,546
1145 AXIS CAPITAL HLDGS LTD 5.50%-D	22,731	21,285
652 BAIDU INC ADS	76,324	115,978
7812 BANCO BILBAO VIZ ARG SA ADS	86,410	96,790
895 BARCLAYS BANK PLC 8.125% ADR	22,741	22,706
1875 BARCLAYS BK PLC 6.625 SER2	45,644	45,263
925 BARCLAYS BK PLC 7.1000 SER 3	23,157	23,282
13900 BERKLEY W R CORP	356,276	603,121
9500 BERKSHIRE HATHAWAY CL-B NEW	773,390	1,126,320
2542 BURBERRY GROUP PLC SPONS ADR	111,664	128,498
2828 CANADIAN NATL RAILWAY CO	99,849	161,252
1055 CAPITAL ONE FINANCIAL 6%-B	23,062	22,936
3070 CARNIVAL CP NEW PAIRED COM	108,778	123,322
2187 CHINA MOBILE LTD	118,238	114,358
925 CITIGROUP INC 6.875%-K	23,054	23,440
910 CITIGRP INC 7.125%-J	22,586	23,605
455 CITY NATL CORP DEP 1/40 SR-D	11,548	11,957
16000 COCA COLA CO	398,214	660,960
12200 COMCAST CORP CL A SPECIAL NEW	204,673	608,536
8126 COMPASS GROUP PLC SPON ADR NEW	99,885	131,064
7000 CONSTELLATION BRANDS INC CL A	308,597	492,660
684 DASSAULT SYSTEMS SA ADS	59,555	85,021
1865 DEUTSCHE BANK CAP 6.6250 SER	45,949	46,364
2167 DEUTSCHE BK AG REG SHS	98,867	104,536
1895 DEUTSCHE BK CAP FD VIII 6.375	45,718	45,935
2460 DIGITAL REALTY TR INC 7% SER-E	65,736	53,407
480 DISCOVER FINANCIAL SVS 6.5% B	11,340	11,059
7500 DISH NETWORK CORP CLASS A	286,179	434,400
10300 ECOLAB INC	429,500	1,073,981
3083 EMBRAER S A ADR	83,088	99,211
2715 ENDURANCE SPEC 7.7500 SERIES	68,446	69,450
2765 ENDURANCE SPECIALTY HLDG 7.50%	68,690	69,927
520 EPR PPTYS PFD CONV SER F %	13,015	11,019
4430 EXPERIAN GP LTD ADR	79,483	81,645
450 F N B CORP FLA DEP SHS REPSTG	11,610	11,655
4922 FANUC CORPORATION UNSP ADR	92,947	151,155
5000 FIDELITY NATL INFORMATION SE	108,104	268,400
1860 FIFTH THIRD BANCORP 6.625%-I	46,556	46,444
1590 FIRST NIAGARA FIN GP 8.625% B	45,216	44,297
1875 FIRST REPUBLIC BANK SER-A 6.7%	44,813	44,400
50000 FIRST TR MLP&ENRG INC FND	1,000,000	1,000,500
17738 FIRST TRUST AMEX BIOTECH	1,038,318	1,227,115
55529 FIRST TRUST ENERGY INFRASTRU	1,115,117	1,156,676
3908 FRESENIUS MEDICAL CARE AG&CO	103,057	139,047
2865 GOLDMAN SACHS GROUP PFD D	57,160	52,687
2350 GOLDMAN SACHS GRP INC	254,523	416,561
2005 GOLDMAN SACHS GRP INC 5.50%-J	47,097	44,691
635 GOOGLE INC-CL A	346,214	711,651
14856 HENNES & MAURITZ	99,391	136,081
4746 HONG KONG EXCHANGES & CLEARING	85,466	79,211
845 HSBC HOLDINGS PLC 8.00%	22,908	22,764
2106 HSBC HOLDINGS PLC SPON ADR NEW	101,201	116,104
1235 HSBC USA INC PFD SR F	22,724	22,971
5534 INDUSTRIAL & COML BK CHINA ADR	80,317	75,152
1500 ING GROEP NV 6.2000% SER	34,839	35,175
455 ING GROEP NV 7.2% SER	11,584	11,557
12380 ING GROEP NV ADR	133,427	173,444
1395 ING GROUP NV 7.0500% SER PFD	34,356	35,140
6587 INTESA SANPAOLO S.P.A. ADR	91,618	98,476
31000 ISHARES HIGH DIVIDEND ETF	1,699,899	2,177,750
10000 ISHARES S&P MID-CAP 400 V ETF	920,511	1,162,300
5354 ITAU UNIBANCO MULTIPLE ADR	91,384	72,654
8052 JULIUS BAER GROUP LTD UN ADR	77,319	77,702
16270 KINGFISHER PLC SPONS ADR NEW	134,116	208,907
3843 KOMATSU LTD SPON ADR NEW	86,726	79,089
3400 KONE OYJ ADR	73,801	76,840
1388 KUBOTA CP ADR	105,547	116,037
1878 LAS VEGAS SANDS CORPORATION	85,300	148,118
1240 LIBERTY GLOBAL PLC CL A NEW	27,866	110,360
17618 LIBERTY GLOBAL PLC CL C NEW	420,663	1,485,550
5900 LOEWS CORPORATION	187,132	284,616
1956 LULULEMON ATHLETICA INC	132,359	115,463
6258 LVMH MOET HENNESSY LOUIS VUITT	171,365	229,042
729 MERCADOLIBRE INC	56,902	78,579
6261 MICHELIN COMPAGNIE GENERALE DE	103,146	133,672
27800 MICROSOFT CORP	780,884	1,039,998
24815 MITSUBISHI UFJ FINCL GRP ADS	144,303	165,764
15900 MONDELEZ INTL INC COM	341,429	561,270
18600 MORGAN STANLEY	271,346	583,296
2460 MORGAN STANLEY SER-A	46,782	46,248
2985 NATIONAL RETAIL PROP 6.625%-D	74,157	66,118
6400 NESTLE SPON ADR REP REG SHR	276,239	470,976
2476 NESTLE SPON ADR REP REG SHR	130,659	182,209
5775 NEWS CORPORATION CL A	28,248	104,066
1400 NEWS CORPORATION CL B	9,916	24,962
4836 NOKIA CP ADR	39,107	39,220
2002 NOVARTIS AG ADR	112,409	160,921
1221 NOVO NORDISK A/S ADR	125,650	225,592
37100 ORACLE CORP	1,148,123	1,419,446
2735 PARTNERRE LTD 7.25% SER E	68,353	69,196
4813 PEARSON PLC SP ADR	90,949	107,811
6500 PEPSICO INC NC	416,948	539,110
5935 PNC FINL-P 6.125% FLTS 5/01/22	148,672	149,859
5100 PRAXAIR INC	351,849	663,153
4155 PS BUSN PARKS 6.00% SER T	103,920	83,931
4189 PT BK MANDIRI PERSERO TBK UNSP	36,674	27,061
1535 PUBLIC STORAGE 5.75% SER-T	38,325	32,389
11084 PUBLICIS GROUPE SA ADS	159,788	254,599
1140 RBS CAP FNDG TRUST VII 6.08% G	24,738	23,917
10043 RECKITT BENCKISER PLC SPNS ADR	105,628	161,592
2000 REGENCY CENTERS 6.625% SER 6	50,673	43,400
2292 ROCHE HOLDINGS ADR	141,638	160,898
940 ROYAL BK SCOTLND GP 7.25 SER-T	23,087	22,560
2431 SABMILLER PLC SPONS ADR	89,915	124,662
3405 SANTANDER FIN 10.50% SER 10	90,002	89,790
1250 SANTANDER FINANCE PRF SA FLR	22,454	22,500
1071 SAP AG	57,883	93,327
4600 SCE TRUST I 5.625%-F	118,027	92,460
665 SINA.COM	41,540	55,184
1806 SOUTHERN COPPER CORP	58,906	51,850
25000 SPDR S&P DIVIDEND	1,358,771	1,815,500
18300 SPDR S&P MIDCAP 400 ETF TRUST	2,119,110	4,468,860
26640 SUMITOMO MITSUI TR HLDGS INC	135,054	140,926
3136 SWATCH GROUP AG ADR THE UNSPON	65,494	104,115
1463 SYNGENTA AG ADR	114,369	116,952
6525 TAIWAN SMCNDCTR MFG CO LTD ADR	119,235	113,796
2495 TATA MOTORS LTD	61,501	76,846
1911 TENCENT HLDGS LTD UNSPON ADR	53,055	123,107
5400 THERMO FISHER SCIENTIFIC	241,859	601,290
1664 TOYOTA MOTOR CP ADR NEW	150,412	202,875
23100 TWENTY-FIRST CENTURY FOX CL A	218,463	812,427
5600 TWENTY-FIRST CENTURY FOX CL B	76,310	193,760
1555 UBS PFD FDG TR IV FLTG RT	23,021	23,481
9608 UNITEDHEALTH GP INC	316,839	723,482
2962 US BANCORP 6%-G FLTS 4/15/17	80,393	81,070
3900 US BANCORP-F 6.5% FLTS 1/15/22	102,570	102,570
19710 VANGUARD HEALTH CARE ETF	1,745,408	1,992,683
25774 VANGUARD RUSSELL 1000	1,976,836	2,271,978
9100 WAL MART STORES INC	470,438	716,079
1830 WELLS FARGO & COMPANY 6.625%-R	45,724	47,068
1940 WELLS FARGO 5.85-Q FIXD-TO-FLT	47,513	45,726
2870 WELLS FARGO 8% NON-CUM SER J	81,593	80,245
3068 YANDEX N.V. A	81,576	132,384
1977 YUM BRANDS INC	135,661	149,481

- TIN:

TY 2013 InvestmentsOtherSchedule2

Name:

WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

EIN: 42-6540579

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
1143 ARTISAN FDS INC INTL FND INV	AT COST	24,077	34,838
828 ARTISAN FDS INC MID CAP VALUE FD INV SHS	AT COST	15,438	22,364
2220 DIAMOND HILL LONG-SHORT FD CL I	AT COST	35,210	50,000
6773 DODGE & COX INCOME FD	AT COST	88,423	91,646
1353 HARRIS ASSOC INVT TR OAKMARK INTL FD CL I	AT COST	17,257	35,600
152098 JP MORGAN LIMITED DUR BD SEL	AT COST	1,502,734	1,501,212
358645.73 JP MORGAN STRAT INC OPP SEL	AT COST	4,264,310	4,264,298
621 JPMORGAN MID CAP VALUE FD CL I	AT COST	11,578	21,824
339084 LOOMIS SAYLES STRATEGIC INC Y	AT COST	5,546,831	5,544,019
160512 LORD ABBETT FLT RT F	AT COST	1,526,391	1,523,256
1091983 LORD ABBETT SHT DURATION INC F	AT COST	5,006,652	4,968,523
452135 MAINSTAY HI YLD CORP BOND I	AT COST	2,179,236	2,735,414
1049 PIMCO FDS PAC INVT MGMT SER EMERGING MKTS BD FD INSTL CL	AT COST	11,768	11,229
303047 PIMCO TOTAL RETURN P	AT COST	3,303,869	3,239,578
2428 PRINCIPAL FDS INC PREF SECS INTL CL	AT COST	24,212	23,840
2473 ROYCE FD PA MUTUAL FD INVT CL	AT COST	20,072	36,422
91367 TEMPLETON GLOBAL BD FD ADV	AT COST	1,204,171	1,196,000
935 TEMPLETON INCOME TR GLOBAL BD FD ADVISOR CL	AT COST	11,831	12,241
823 TWEEDY BROWNE FD INC GLOBAL VALUE FD	AT COST	15,776	21,903
1696 VANGUARD GNMA FD CL I	AT COST	17,676	17,668
96450 VIRTUS INSIGHT EMERG MKTS I	AT COST	1,002,789	921,097

- TIN:

TY 2013 OtherAssetsSchedule

Name:

WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

EIN: 42-6540579

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DIVIDEND RECEIVABLE	128,877	49,506	49,506

- TIN:

TY 2013 OtherExpensesSchedule

Name:

WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

EIN: 42-6540579

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
BANK SERVICE CHARGES	129	129	0
ADR FEES	8,767	8,767	0
GRANT MAKING EXPENSES	2,082	0	2,082

- TIN:

TY 2013 OtherIncreasesSchedule

Name:

WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

EIN: 42-6540579

Description	Amount
BOOK/TAX DIFFERENCE SCH K-1 - US COMMODITY INDEX FUND LP 27-1987039	88,064
RETURN OF PRIOR YEAR GRANTS	20,266

- TIN:

TY 2013 OtherProfessionalFeesSchedule

Name:

WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

EIN: 42-6540579

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
SB INVEST CONSULTING FEES	196,002	196,002		0
INVESTMENT MANAGEMENT FEES	190,231	190,231		0

- TIN:

TY 2013 TaxesSchedule

Name:

WALLACE RESEARCH FOUNDATION CO MCGLADREY LLP

EIN: 42-6540579

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	25,441	25,441		0
EXCISE TAXES	50,000	0		0