Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 4436 2545 WILKENS AVENUE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21223
A Employer identification number

52-6072215
B Telephone number (see instructions)

(410) 566-9200
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,566,847J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 14,432 14,432  
4 Dividends and interest from securities...... 82,452 82,452  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 231,633
b Gross sales price for all assets on line 6a 1,092,376
7 Capital gain net income (from Part IV, line 2)... 231,633
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 166 166  
12 Total. Add lines 1 through 11........ 328,683 328,683  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,750 0   0
c Other professional fees (attach schedule).... Click to see attachment 69,435 69,435   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,141 1,141   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 174 174   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 72,500 70,750   0
25 Contributions, gifts, grants paid........ 227,000 227,000
26 Total expenses and disbursements. Add lines 24 and 25 299,500 70,750   227,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 29,183
b Net investment income (if negative, enter -0-) 257,933
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 23,213 23,426 23,426
2 Savings and temporary cash investments.......... 233,285 356,288 356,288
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 153,523 Click to see attachment153,969 156,391
b Investments—corporate stock (attach schedule)........ 1,955,147 Click to see attachment1,970,141 3,912,512
c Investments—corporate bonds (attach schedule)........ 498,595 Click to see attachment372,074 382,021
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 635,047 Click to see attachment652,095 736,209
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,498,810 3,527,993 5,566,847
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 3,498,810 3,527,993
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,498,810 3,527,993
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,498,810 3,527,993
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 3,498,810
2 Enter amount from Part I, line 27a..................... 2 29,183
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 3,527,993
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,527,993
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a FIDELITY INVESTMENTS - SHORT TERM P   2013-12-31
b FIDELITY INVESTMENTS - LONG TERM P   2013-12-31
c GABELLI & CO - SHORT TERM P   2013-12-31
d GABELLI & CO - LONG TERM P   2013-12-31
e THRU MYPE PARTNERS L.P. PASSTHROUGH P   2013-12-31
THRU MYPE PARTNERS L.P. PASSTHROUGH P   2013-12-31
CASH-IN-LIEU P   2013-12-31
LOSS ON TERMINATION - MOUNT YALE GUARDIAN FUND LP P   2013-12-31
GAIN ON TERMINATION- MYPE PARTNERS LP P   2013-12-31
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 264,455   272,320 -7,865
b 587,196   510,271 76,925
c 2,397   2,397 0
d 221,461   75,597 145,864
e 19     19
2,843     2,843
29     29
    158 -158
10,870     10,870
3,106     3,106
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       -7,865
b       76,925
c       0
d       145,864
e       19
      2,843
      29
      -158
      10,870
      3,106
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 231,633
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 222,000 4,625,564 0.047994
2011 272,302 4,784,878 0.056909
2010 225,000 5,221,955 0.043087
2009 289,871 4,545,787 0.063767
2008 324,074 5,769,529 0.056170
2 Total of line 1, column (d) ...................... 2 0.267927
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 0.053585
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 5,157,634
5 Multiply line 4 by line 3....................... 5 276,372
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,579
7 Add lines 5 and 6......................... 7 278,951
8 Enter qualifying distributions from Part XII, line 4.............. 8 227,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 5,159
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 5,159
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 5,159
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 9,346
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 4,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,346
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,187
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet8,187 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNONE
    14
    The books are in care ofbulletKATHY HESSELBEIN Telephone no.bullet (410) 566-9200
    Located atbullet2545 WILKENS AVEBALTIMOREMD ZIP+4bullet21223
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JAMES R SHAPIRO TRUSTEE
    0.50     		0 0 0
    2545 WILKENS AVENUE
    BALTIMORE,MD21223
    JANE BAUM RODBELL TRUSTEE
    0.50     		0 0 0
    2545 WILKENS AVENUE
    BALTIMORE,MD21223
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    257,882
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    5,159
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,159
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    252,723
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    252,723
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    252,723
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 252,723
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 226,626
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 227,000
    a Applied to 2012, but not more than line 2a 226,626
    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..... 374
    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 ..........     		252,349
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADVOCATES FOR CHILDREN AND YOUTH
    8 MARKET PLACE 5TH FLOOR
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 250
    AMERICAN TECHNION SOCIETY
    55 EAST 59TH ST
    NEW YORK,NY10022     		NONE PUBLIC GENERAL 1,500
    AMERICAN VISIONARY ART MUSEUM
    800 KEY HIGHWAY
    BALTIMORE,MD21230     		NONE PUBLIC GENERAL 1,500
    ASSOCIATED JEWISH COMMUNITY FOUNDATION
    101 WEST MOUNT ROYAL AVE
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 80,000
    BALTIMORE COMMUNITY FOUNDATION
    2 EAST READ ST
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 54,050
    BALTIMORE LEADERSHIP SCHOOL FOR YOUNG WOMEN
    128 W FRANKLIN ST
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 1,000
    BALTIMORE MUSEUM OF ART
    10 ART MUSEUM DR
    BALTIMORE,MD21218     		NONE PUBLIC GENERAL 1,500
    BALTIMORE SCHOOL FOR THE ARTS
    712 CATHEDRAL ST
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 3,500
    BALTIMORE SYMPHONY ORCHESTRA
    1212 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 5,000
    BROWN UNIVERSITY
    PO BOX 1976
    PROVIDENCE,RI02912     		NONE PUBLIC GENERAL 250
    CENTER STAGE
    700 NORTH CLAVERT STREET
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 500
    CENTRAL SCHOLARSHIP BUREAU
    1700 REISTERSTOWN ROAD
    BALTIMORE,MD21208     		NONE PUBLIC GENERAL 500
    CORNELL UNIVERSITY
    130 E SENECA ST SUITE 400
    ITHACA,NY14850     		NONE PUBLIC GENERAL 250
    ENOCH PRATT FREE LIBRARY
    400 CATHEDRAL ST
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 1,000
    ETZ CHAIM CENTER INC
    3702 FORDS LN
    BALTIMORE,MD21215     		NONE PUBLIC GENERAL 2,000
    EVERYMAN THEATRE
    315 WEST FAYETTE STREET
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 500
    GILMAN SCHOOL SCHOLARSHIP FUND
    5407 ROLAND AVE
    BALTIMORE,MD21210     		NONE PUBLIC GENERAL 250
    GUILFORD COLLEGE
    5800 WEST FRIENDLY AVE
    GREENSBORO,NC27410     		NONE PUBLIC GENERAL 250
    HEARING AND SPEECH AGENCY
    5900 METRO DRIVE
    BALTIMORE,MD21219     		NONE PUBLIC GATEWAY SCHOOL 500
    HOUSE OF RUTH
    2201 ARGONNE DRIVE
    BALTIMORE,MD21218     		NONE PUBLIC GENERAL 250
    INNTERIM HOUSING CORP
    112 SUDBROOK LANE
    BALTIMORE,MD21208     		NONE PUBLIC GENERAL 2,000
    JEWISH COMMUNITY CENTER OF GREATER BALTIMORE
    3509 GYWNNBROOK AVENUE
    OWINGS MILLS,MD21117     		NONE PUBLIC GORDON CENTER 5,000
    JOHNS HOPKINS UNIVERSITY DEPT OF GYNECOLOGY AND OBSTETRICS
    100 N CHARLES ST SUITE 316
    BALTIMORE,MD21201     		NONE PUBLIC EDWARD WALLACH,MD REPRODUCTIVE ENDOCRINOLOGY ANDINFERTILITY FELLOWSHIP FUND 2,500
    JOHNS HOPKINS UNIVERSITY DEPT OF NEUROLOGY
    100 N CHARLES ST SUITE 453
    BALTIMORE,MD21201     		NONE PUBLIC PROJECT RESTORE DIVISION FUND 500
    KENNEDY KRIEGER FOUNDATION
    707 NORTH BROADWAY
    BALTIMORE,MD21205     		NONE PUBLIC GENERAL 4,000
    LIVING CLASSROOMS FOUNDATION
    802 SOUTH CAROLINE ST
    BALTIMORE,MD21231     		NONE PUBLIC GENERAL 500
    MARYLAND ART PLACE
    8 MARKET PLACE SUITE 100
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 1,500
    MARYLAND HISTORICAL SOCIETY
    201 WEST MONUMENT ST
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 250
    MARYLAND INSTITUTE COLLEGE OF ART
    1300 MOUNT ROYAL AVE
    BALTIMORE,MD21217     		NONE PUBLIC GENERAL 1,000
    MARYLAND PUBLIC TELEVISION
    11767 OWINGS MILLS BLVD
    BALTIMORE,MD21117     		NONE PUBLIC GENERAL 5,000
    MENTOR-NATIONAL MENTORING PARTNERSHIP
    201 SOUTH STREET SUITE 615
    BOSTON,MA02111     		NONE PUBLIC GENERAL 250
    NACHLAT NAFTALY FOUNDATION
    2418 AVENUE I
    BROOKLYN,NY11210     		NONE PUBLIC GENERAL 500
    NATIONAL AQUARIUM IN BALTIMORE
    501 E PRATT STREET
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 1,200
    NER ISRAEL RABBINICAL COLLEGE
    400 MOUNT WILSON LN
    BALTIMORE,MD21208     		NONE PUBLIC GENERAL 2,000
    PARK SCHOOL
    2425 OLD COURT ROAD
    BROOKLANDVILLE,MD21208     		NONE PUBLIC GENERAL 10,000
    PLANNED PARENTHOOD OF MARYLAND
    300 N HOWARD STREET
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 500
    POLYCYSTIC KIDNEY DISEASE
    8330 WARD PARKWAY SUITE 500
    KANSAS CITY,MO64114     		NONE PUBLIC GENERAL 250
    PRINCETON UNIVERSITY
    330 ALEXANDER STREET
    PRINCETON,NJ32789     		NONE PUBLIC GENERAL 15,000
    ROLLINS COLLEGE
    1000 HOLT AVE
    WINTER PARK,FL32789     		NONE PUBLIC GENERAL 250
    SHEPPARD & ENOCH PRATT FOUNDATION
    6501 N CHARLES STREET
    BALTIMORE,MD21285     		NONE PUBLIC NEUROPSYCHATRY PROGRAM 1,000
    SHEPPARD & ENOCH PRATT FOUNDATION
    6501 N CHARLES STREET
    BALTIMORE,MD21285     		NONE PUBLIC PATIENT CARE PROGRAM 1,000
    SPECIAL OLYMPICS
    513 PROGRESS AVE
    LINTHICUM,MD21090     		NONE PUBLIC GENERAL 250
    SUSAN COHAN COLON CANCER FOUNDATION
    201 NORTH CHARLES ST SUITE 2404
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 1,500
    TEACH FOR AMERICA
    2601 N HOWARD ST SUITE 300
    BALTIMORE,MD21218     		NONE PUBLIC GENERAL 5,000
    THE SEED SCHOOL OF MARYLAND
    200 FONT HILL AVE
    BALTIMORE,MD21223     		NONE PUBLIC GENERAL 1,000
    THE UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
    620 W LEXINGTON ST
    BALTIMORE,MD21201     		NONE PUBLIC UNIV OF MARYLAND SCHOOL OF SOCIAL WORK-JANE BAUM RODBELL SCHOLARSHIP ENDOWMENT 5,000
    THE UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
    620 W LEXINGTON ST
    BALTIMORE,MD21201     		NONE PUBLIC UNIV OF MARYLAND SCHOOL OF SOCIAL WORK-SOCIAL WORK COMMUNITY OUTREACH SERVICES 1,000
    THE UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
    620 W LEXINGTON ST
    BALTIMORE,MD21201     		NONE PUBLIC UNIV OF MARYLAND SCHOOL OF SOCIAL WORK-JANE BAUM RODBELL ANNUAL SCHOLARSHIP 2,000
    WALTERS ART MUSEUM
    600 N CHARLES STREET
    BALTIMORE,MD20201     		NONE PUBLIC GENERAL 1,500
    WILMER EYE OPHTHALMOLOGICAL INSTITUTE
    600 NORTH WOLFE STREET
    BALTIMORE,MD21287     		NONE PUBLIC GENERAL 1,000
    Total .................................bullet 3a 227,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 14,432  
    4 Dividends and interest from securities....     14 82,452  
    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.....     01 166  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 231,633  
    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).. 0 328,683 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13328,683
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN: 52-6072215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 1,750 0   0

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN: 52-6072215
    Name of Bond End of Year Book Value End of Year Fair Market Value
    12000 SH AT&T INC NOTES 05.6 5/15/18 12,398 13,627
    13000 SH GENERAL ELEC CAP CORP 5.4% 2/15/17 13,265 14,468
    13000 SH GOLDMAN SACHS GROUP INC NOTE 6.15% 4/01/18 13,747 14,907
    13000 SH WACHOVIA CORP GLOBAL MTN 5.75% 2/01/18 14,523 14,990
    14000 SH TARGET CORP NT 3.875% 7/15/20 15,527 14,759
    14000 SH VERIZON COMM INC 2.0 11/1/2016 13,993 14,325
    15000 SH THERMO FISHER SCIENTIFIC INC BOND 3.6% 8/15/21 15,461 14,866
    15000 SH UNITED TECHNOLOGIES CORP 3.10% 6/01/22 15,971 14,667
    1587.225 SH PIA MBS BOND FUND(PMTGX) 15,860 15,158
    16000 SH JPMORGAN CHASE & CO 1.625% 5/15/18 15,487 15,667
    265.464 SH ALLIANZ AGIC CONVERTIBLE FUND D (ANZDX) 7,609 9,185
    34000 SH FEDERAL HOME LOAN MTG CORP 2.87500% 2/09/2015 34,964 34,994
    39000 SH FEDERAL HOME LOAN MTG CORP 1.75000% 9/10/2015 40,030 39,909
    39000 SH FEDERAL NATIONAL MTG ASSN 2.625% 11/20/14 39,754 39,853
    465 SH WEYERHAEUSER CO 8,602 14,680
    517.08 SH FIDELITY ADVISOR CONVERTIBLE SEC CL I (FICVX) 13,748 16,066
    7095.898 SH PIA BBB BOND FUND(PBBBX) 68,642 64,573
    843.055 SH COLUMBIA CONVERTIBLE SECURITIES FD A (PACIX) 12,493 15,327
    COLUMBIA HIGH YIELD BOND CL A (INEAX) 0 0
    CONOCOPHILIPS GTD 4.6% 1/15/15 0 0
    FEDERAL HOME LN MTG REF 4.125 8/27/14 0 0
    GOLDMAN SACHS HIGH YIELD INSTITUTIONAL (GSHIX) 0 0
    JPMORGAN CHASE & CO 4.75% 3/1/15 0 0
    PIMCO ENERGING MARKETS BOND FUND D (PEMDX) 0 0

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN: 52-6072215
    Name of Stock End of Year Book Value End of Year Fair Market Value
    0.19500000000005 SH RYDEX GOVT LONG BOND 1.2X STRATEGY INV CL (RYGBX) 3 3
    100 SH DECKERS OUTDOOR (DECK) 6,081 8,446
    100 SH HCC INS HLDGS INC 2,712 4,614
    100 SH SAP SA 7,030 8,714
    1000 SH EL PASO ELEC CO COM NEW 11,320 35,110
    1000 SH FEDERAL MOGUL CORP CL A 9,446 19,680
    1000 SH FEDERAL SIGNAL CORP COM 9,120 14,650
    1000 SH GRAFTECH INTERNATIONAL 6,483 11,230
    1000 SH JOURNAL COMM INC - A 1,152 9,310
    1000 SH LIBERTY GLOBAL PLC SHS CL A 10,008 89,000
    1000 SH MARINE PRODS CORP COM 6,879 10,050
    1000 SH NAVISTAR INTL CORP COM 28,779 38,190
    1000 SH PEP BOYS MANNY MOE & JACK 9,193 12,140
    1000 SH TIME WARNER INC COM 28,850 69,720
    1000 SH TREDEGAR INDS INC 12,848 28,810
    1000 SH WEATHERFORD INTERNATIONAL LTD 15,098 15,490
    1050 SH ABB LTD 19,550 27,888
    106 SH MALLINCKRODT PLC ORDINARY USD (MNK) 4,556 5,540
    108 SH RITCHIE BROS AUCTIONEERS COM NPV (RBA) 2,332 2,476
    1087 SH TELEPHONE AND DATA SYSTEMS 4,963 28,023
    109 SH HATTERAS FINL CORP 0 0
    1123 SH I SHARES JPMORGAN USD EMERGING MKTS 109,764 121,464
    1131 SH RYMAN HOSPITALITY PPTYS INC COM 19,130 47,253
    114 SH SECTOR SPDR TR SHS BEN INT CONSUMER STAPLES (XLP) 4,913 4,900
    117 SH QEP RESOURCES INC COM (QEP) 3,322 3,586
    118 SH ENDO PHARM HLDGS INC 3,261 7,960
    120 SH CHECK POINT SOFTWARE TECHNOLOGIES ORD ILS0.01 (CHKP) 5,318 7,740
    1200 SH GENCORP INC 8,356 21,624
    1200 SH MEDIA GENERAL CL A 7,261 27,120
    124 SH ADVENT SOFTWARE INC 2,487 4,334
    125 SH ISHARES INC MSCI FRONTIER 100 ETF (FM) 3,949 4,218
    127 SH TEJON RANCH CO 3,388 4,669
    1270 SH SONY CORP 0 0
    130 SH LOWES CORP 4,591 6,271
    1300 SH VIACOM, INC. NEW CL A 24,421 114,101
    135 SH CHEVRON CORP NEW 9,293 16,863
    138 SH ALEXANDER & BALDWIN INC 1,906 5,759
    140 SH CATERPILLAR INC 4,770 12,713
    140 SH DEERE & CO 4,281 12,786
    140 SH ICICI BK LTD 5,143 5,204
    1400 SH REPUBLIC SVC INC CL A 14,791 46,480
    148 SH SPDR INDEX SHS FDS S&P WORLD EX US ETF (GWL) 3,950 4,342
    149 SH ALBEMARLE CORP 6,576 9,445
    150 SH NOVARTIS AG ADR EA REPR 1 CHF0.5(REGD)(NVS) 10,996 12,057
    150 SH TEMPUR SEALY INTERNATIONAL INC (TPX) 6,185 8,094
    150 SH UNITED PARCEL SVC INC CL B 8,973 15,762
    1500 SH CABLEVISION SYS NY GROUP A 8,657 26,895
    1500 SH GRIFFON CORP COM 14,216 19,815
    1500 SH KAMAN CORP 25,605 59,595
    154 SH ATWOOD OCEANICS INC 4,377 8,222
    156 SH MATSON INC COM NPV (MATX) 2,752 4,073
    157 SH VALUECLICK INC (VCLK) 1,783 3,669
    163 SH AMERICAN EAGLE OUTFITTERS (AEO) 2,085 2,347
    165 SH BAXTER INTL INC 7,859 11,476
    125 SH FOSTER WHEELER AG ORD CHF3(FWLT) 2,252 4,125
    170 SH BAYER AG SPON (BAYRY) 24,155 24,155
    170 SH HOME DEPOT 4,462 13,998
    170 SH MONTPELIER RE HOLDINGS COM 2,772 4,947
    170 SH PARTNERRE COM STK USD1(PRE) 11,810 17,923
    170 SH SHIRE ADR EACH REPR 3 ORD (SHPG) 17,164 24,019
    170 SH TUPPERWARE BRANDS CORP 2,929 16,070
    171 SH CABELAS INC 2,834 11,399
    171 SH ZION BANCORP (ZION) 3,448 5,123
    172 SH FIRST TR ISE WTR INDEX 5,249 5,820
    180 SH CONOPHILLIPS 9,199 12,717
    180 SH NESTLE 8,584 13,216
    180 SH PROCTOR & GAMBLE 10,195 14,654
    185 SH AMERICAN CAP AGY CORP COM (AGNC) 4,249 3,569
    185 SH WELLPOINT INC. (WLP) 11,393 17,092
    19 SH TEJON RANCH CO WTS EXP 8/31/16 71 104
    190 SH DIAGEO PLC 12,788 25,160
    190 SH TIFFANY & CO NEW (TIF) 10,644 17,628
    190 SH TOYOTA MOTOR CORP 21,048 23,165
    192 SH TENET HEALTHCARE CORP COM NEW ((THC) 3,476 8,087
    195 SH PALL CORP(PLL) 5,123 16,643
    200 SH ASCENT CAPITAL GROUP INC 4,759 17,112
    200 SH DR PEPPER SNAPPLE GROUP INC COM 3,256 9,744
    200 SH PATTERSON COMPANIES INC. 6,657 8,240
    200 SH SAFEWAY INC COM NEW 3,766 6,514
    2000 SH DANONE SPONS ADR 21,404 28,838
    2000 SH FERROR CORP 9,286 25,660
    2000 SH TWENTY FIRST CENTURY FOX A 1,788 70,340
    21 SH ENERGIZER HLDGS INC COM (ENR) 0 0
    210 SH COLGATE-PALMOLIVE 6,368 13,694
    215 SH MICREL INC 2,168 2,122
    220 SH GARMI LTD COM 4,138 10,162
    220 SH MAGNA INTERNATIONAL INC COM NPV (MGA) 8,567 18,053
    2200 SH ROLLINS, INC. 3,943 66,638
    224 SH CORRECTIONS CORP AMER 5,258 7,184
    231 SH OLD DOMINION FGHT LINES INC (ODFL) 3,574 12,248
    232 SH SECTOR SPDR TR SHS BEN INT FINANCIAL (XLF) 3,864 5,072
    235 SH FIFTH THIRD BANCORP(FITB) 2,724 4,942
    240 SH MRC GLOBAL INC COM (MRC) 7,721 7,721
    243 SH EATON VANCE CORP NON-VOTING(EV) 6,285 10,398
    244 SH TREADEGAR CORP (TG) 3,836 7,030
    245 SH JPMORGAN CHASE & CO 9,965 14,328
    25 SH VALMONT INDS INC (VMI) 3,593 3,728
    250 SH ASML HOLDINGS 2,143 23,425
    250 SH EMERSON ELECTRIC CO 9,608 17,545
    250 SH ITT CORP NEW COM NEW 1,636 10,855
    250 SH PENTAIR LTD COM (PNR) 10,827 19,418
    260 SH DUPONT E I DE MOURSA & CO 9,494 16,892
    260 SH HERBALIFE LTD COM (HLF) 9,230 20,462
    260 SH TRANSOCEAN LIMITED COM 13,211 12,849
    265 SH REDWOOD TRUST INC (RWT) 3,790 5,133
    270 SH MINDRAY MED INTL LTD 9,037 9,817
    270 SH TESSERA TECHOLOGIES INC COM (TSRA) 4,714 5,322
    275 SH HARLEY DAVIDSON INC COM 3,462 19,041
    277 SH PROLOGIS INC COM(PLD)-OTHER 3% 5,590 10,235
    2940 SH NOMURA HOLDINGS INC 23,757 22,844
    30 SH EVEREST RE GROUP COM STK USD0.01 (RE) 2,530 4,676
    300 SH BRINKS CO COM 7,936 10,242
    300 SH CRANE CO 10,023 20,175
    300 SH DISCOVERY COMMS NEW SER A 2,404 27,126
    300 SH DISCOVERY COMMS NEW SER C 1,678 25,158
    300 SH ENERGIZER HLDGS INC COM 2,882 32,472
    300 SH SENSIENT TECHNOLOGIES CORP 6,391 14,556
    31 SH APPLE INC (AAPL) 16,435 17,392
    310 OLIN CORP NEW (OLN) 8,972 8,972
    310 SH MERCK & CO INC NEW COM 11,969 15,516
    320 SH DENBURY RES INC DEL COM USD0.01 5,504 5,258
    3290 SH MITSUBISHI UFJ FINANCIAL GROUP INC. 22,355 21,977
    33 SH NEWMARKET CORP 2,847 11,027
    335 SH CARNIVAL CORP COM STK (CCL) 10,788 13,457
    350 SH ABBVIE INC COM 10,688 18,484
    355 SH PAYCHEX INC 10,106 16,163
    36 SH MARTIN MARIETTA MATLS INC 3,223 3,598
    365 SH WESTERN UNION CO. COM (WU) 5,881 6,296
    368 SH MBIA INC 2,776 4,394
    370 SH DOW CHEMICAL CO 9,317 16,428
    394 SH HSBC HLDGS 28,060 21,721
    395 SH MICROSOFT CORP 10,163 14,777
    397 SH FIRST INDL RLTY TR INC 4,782 6,928
    40 SH AGCO CORP (AGCO) 2,370 2,370
    400 SH KINNEVIK INVESTMENTS AB SHS B 8,969 18,524
    400 SH MODINE MANUFACTURING CO. 3,656 5,128
    400 SH NORTHERN TRUST CORP 17,403 24,756
    400 SH SJW CORP COM 5,666 11,916
    403 SH TENCENT HLDGS LTD 9,312 25,707
    407 SH SABMILLER PLC 8,276 20,904
    410 SH BB&T CORP 9,598 15,301
    410 SH ROCHE HLDGS 17,214 28,721
    42 SH ISHARES TR DOW JONES US CONSUMER SV SEC INDEX FD IYC 3,771 5,098
    431 SH SERVICE CORP INTL (SCI) 3,319 7,814
    45 SH ALLIANT TECHSYSTEMS INC (ATK) 4,487 5,476
    450 SH AMC NETWORKS INC CL A 3,903 30,649
    450 SH POTASH CORP OF SASKATCHEWAN COM NPV 13,735 14,832
    460 SH MONDELEZ INTL INC COM (MDLZ) 11,749 16,238
    465 SH PFIZER INC (PFE) 10,094 14,243
    470 SH HANCOCK HOLDING CO 16,464 17,240
    485 SH INVESCO LTD COM STK (IVZ) 10,499 17,654
    5 SH ALLEGHANY CORP DEL 0 0
    50 SH VARIAN MEDICAL SYS INC (VAR) 3,486 3,885
    500 SH ARCHER DANIELS MIDLAND 5,662 21,700
    500 SH BOULDER BRANDS INC COM FORMERLY SMART BALANCE 2,872 7,930
    500 SH CBS CORP CLASS A 5,964 31,820
    500 SH CORNING INC 5,148 8,910
    500 SH DEERE & CO 17,745 45,665
    500 SH DIEBOLD INC COM 17,475 16,505
    500 SH EXELIS INC 1,964 9,530
    500 SH HILLSHIRE BRANDS CO. 13,955 16,720
    500 SH LAYNE CHRISTENSEN CO COM 9,710 8,540
    500 SH LEGG MASON INC COM 10,318 21,740
    500 SH NATIONAL FUEL GAS CO N J COM 16,490 35,700
    500 SH TWENTY FIRST CENTURY FORMERLY NEWS CORP NEW CL A 237 9,010
    500 SH XYLEM, INC 4,582 17,300
    51 SH ISHARES TR DOW JONES US INDL SECTOR INDEX FD (IYJ) 3,918 5,170
    510 SH QIAGEN N V REG 9,397 12,143
    515 SH HEWLETT-PACKARD CO DE (HPQ) 13,390 14,410
    515 SH MARVELL TECH GROUP COM USD0.002 (MRVL) 4,231 7,406
    516 SH VIVENDI SA ORD 6,267 13,648
    540 SH GENERAL ELECTRIC CO 8,550 15,136
    540 SH SGS SA 0 0
    55 SH L3 COMMUNICATIONS HLDGS INC (LLL) 3,928 5,877
    55 SH UNITED THERAPEUTICS CORP DEL (UTHR) 2,313 6,219
    550 SH MADISON SQUARE GARDEN COMPANY A 2,923 31,669
    57 SH SECTOR SPDR TR SHS BEN INT ENERGY (XLE) 4,208 5,045
    575 SH AVON PRODUCTS 9,914 9,902
    58 SH ISHARES US TECHNOLOGY ETF (IYW) 4,379 5,130
    580 SH HONDA MOTOR CO (HMC) 23,936 23,936
    590 SH TAIWAN SEMICONDUCTOR MANUFACTURING 0 0
    595 SH CISCO SYS INC (CSCO) 11,441 13,346
    600 SH AMERICAN EXPRESS CO. 3,449 54,438
    600 SH DIRECTV 9,748 41,436
    600 SH SCRIPPS NETWORK INTERAC 17,924 51,846
    605 SH REGIONS FINL CORP (RF) 3,382 5,983
    61 SH COLUMBIA SPORTSWEAR CO (COLUM) 3,304 4,804
    63 SH ISHARES TR DOW JONES US BASIC MATERIALS SECTOR INDEX (IYM) 4,403 5,130
    640 SH KONINKLIJKE PHILIPS (PHG) 23,637 23,637
    645 SH MASCO CORP (MAS) 7,224 14,687
    659 SH MCDERMOTT INTERNATIONAL INC COM STK USD1 (MDR) 4,950 6,036
    675 SH FLOWERS FOODS INC COM 1,216 14,492
    680 SH CHESAPEAKE ENERGY CORPORATION (CHK) 11,714 18,455
    680 SH SYMANTEC CORP 15,123 16,034
    69 SH LIBERTY MEDA CORPORATION COM (LMCA) 3,343 10,094
    69 SH WORLD FUEL SERVICES CORP (INT) 2,805 2,978
    7 SH WHITE MOUNTAINS INS GRP 2,017 4,222
    70 SH WESTERN DIGITAL CORP DEL (WDC) 2,176 5,873
    700 SH DISH NETWORK CORPORATION 8,386 40,544
    700 SH FLOWSERVE CORP COM 4,314 55,181
    700 SH ROGERS COMMUNICATIONS CL B 9,034 31,675
    73 SH NU SKIN ENT INC CL A FRMLY NU ASIS (NUS) 0 0
    762 SH CREDIT SUISSE GRP 20,983 23,652
    767 SH I SHARES 1-3 YR TREASURY BOND ETF 61,168 64,719
    785 SH HUNTSMAN CORP 8,122 19,311
    79 SH KAMAN CORP COM FORMERLY CLA TO(KAMN) 2,661 3,139
    800 SH AMETEK, INC. NEW COM 1,737 42,136
    800 SH UNITED STATES CELLULAR CORP 24,556 33,456
    800 SH ZEP, INC 10,169 14,528
    8000 SH ROLLS-ROYCE GRP 60,822 169,040
    805 SH STAPLES INC 13,191 12,791
    84 SH VISTEON CORP COM NEW (VC) 4,901 6,879
    85 SH MURPHY OIL CORP (MUR) 4,231 5,515
    85 SH UNION PACIFIC CORP 3,338 14,280
    850 SH CORNING INC (GLW) 11,263 15,147
    88 SH STARZ FORMERLY LIBERTY MEDIA CORP DELAWARE CL A 1,596 12,874
    88 SH AGILENT TECH INC (A) 3,249 5,033
    90 SH SELECT SECTOR SPDR TR HEALTH CARE (XLV) 3,774 4,990
    90 SH WYNN RESORTS LTD(WYNN) 9,603 17,479
    92 SH STURM RUGER & CO INC (RGR) 2,371 6,724
    94 SH PRICESMART INC 1,653 10,861
    95 SH ITT CORPORATION COM USD1.00 (ITT) 1,823 4,125
    960 SH BANCO BILBAO VIZCAYA (BBVA) 11,864 11,864
    965 SH FORD MTR CO DEL COM(F) 12,584 14,890
    990 SH REPSOL YPF ADR-EA DNV INTO 1 ORD(BNY)(REPYY) 29,709 25,037
    ABBOTT LAB 0 0
    AETNA INC NEW COM (AET) 0 0
    AMERISOURCEBERGEN CORP (ABC) 0 0
    BAIDU INC SPONS ADS REPR 0.10 ORD CLS A 0 0
    BHP BILLTON PLC 0 0
    CHINA LIFE INS 0 0
    CINCINNATI BELL 0 0
    DIANA SHIPPING INC COM ST USD0.01 (DSX) 0 0
    EL PASO CORPORATION 0 0
    FREEPORT MCMORAN COOPER & GOLD INC.(FCX) 0 0
    FRESENIUS MEDICAL CARE 0 0
    GAMESTOP CORP 0 0
    I SHARES SILVER TR ISHARES (SLV) 0 0
    ISHARES TR DOW JONES US UTILS SECTOR INDEX FD (IDU) 0 0
    ISHARES TR MSCI EAFE INDEX FD (EFA) 0 0
    ISHARES TR MSCI EMERGING MKTS INDEX FD (EEM) 0 0
    KIMBERLY CLARK 0 0
    KINDER MORGAN INC WT EXP 2/15/17 0 0
    KRATON PERFORMANCE POLYMERS, INC. COM 0 0
    LADBROKES 0 0
    MARATHON OIL 0 0
    MAXIM INTERGRATED PRODS 0 0
    MITSUI & CO ADR EA CNV INTO 20 ORD NPV(MITSY) 0 0
    SOHU.COM INC (SOHU) 0 0
    TEVA PHARM INDUS ADR-EACH CNV INTO 1 ORD ILS0.10(TEVA) 0 0
    VANGUARD INTL EQUITY INDEX FD INC FTSE ALL-WORLD EX-US INDEX FD ETF SHS (VEU 0 0
    VANGUARD SECTOR INDEX FDS VANGUARD CONSUMER STAPLES VIPERS VDC 0 0
    VEOLIA ENVIRONMENT 0 0

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN: 52-6072215
    US Government Securities - End of Year Book Value:

    153,969
    US Government Securities - End of Year Fair Market Value:

    156,391
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2013 InvestmentsOtherSchedule2
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN: 52-6072215
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    12919.15 SH CS FLOATING RATE HIGH INC INSTL SHS (CSHIX) AT COST 89,301 89,788
    211 SH ISHARES GOLD TRUST US4642851053 SEDOL BOSF3S5(IAU) AT COST 3,271 2,464
    7724.14 SH HIGHLAND FLOATING RATE OPP CLASS Z (HFRZX) AT COST 59,523 63,106
    MOUNT YALE GUARDIAN FUND, LP AT COST 0 0
    MOUNT YALE PRIVATE EQUITY AT COST 500,000 580,851
    MYPE PARTNERS LP AT COST 0 0

    TY 2013 OtherExpensesSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN: 52-6072215
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 57 57   0
    OTHER DEDUCTIONS FROM PASS-THRU ENTITIES 117 117   0
    OTHER DEDUCTIONS 0 0   0


    TY 2013 OtherIncomeSchedule2
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN: 52-6072215
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM PASSTHROUGH ENTITIES 166 166 166


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN: 52-6072215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 69,435 69,435   0


    TY 2013 TaxesSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN: 52-6072215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,141 1,141   0