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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE W BRADFORD INGALLS CHARITABLE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)SUMMIT BLDG 840 US HIGHWAY ONE NO340Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NORTH PALM BEACH, FL33408
A Employer identification number

20-3294470
B Telephone number (see instructions)

(561) 627-4448
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$11,608,380J 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).............. 713,516
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 794 794  
4 Dividends and interest from securities...... 490,762 490,762  
5a Gross rents.............. 79,950 79,950  
b Net rental income or (loss) 79,950
6a Net gain or (loss) from sale of assets not on line 10 868,744
b Gross sales price for all assets on line 6a 10,763,070
7 Capital gain net income (from Part IV, line 2)... 868,744
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 2,052 2,052  
12 Total. Add lines 1 through 11........ 2,155,818 1,442,302  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,000 20,000   20,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 5,790 2,895   2,895
b Accounting fees (attach schedule)....... Click to see attachment 11,066 5,533   5,533
c Other professional fees (attach schedule).... Click to see attachment 198,138 110,138   88,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,309 9,059   250
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 27,428 27,428   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 291,731 175,053   116,678
25 Contributions, gifts, grants paid........ 421,151 421,151
26 Total expenses and disbursements. Add lines 24 and 25 712,882 175,053   537,829
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,442,936
b Net investment income (if negative, enter -0-) 1,267,249
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 175,895 2,013,540 2,013,540
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)      
b Investments—corporate stock (attach schedule)........ 1,976,569 Click to see attachment1,963,972 2,656,778
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 7,447,581 Click to see attachment7,121,214 6,938,062
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) 9,600,045 11,098,726 11,608,380
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................... 9,600,045 11,098,726
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 9,600,045 11,098,726
31 Total liabilities and net assets/fund balances (see instructions).. 9,600,045 11,098,726
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 9,600,045
2 Enter amount from Part I, line 27a..................... 2 1,442,936
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 55,745
4 Add lines 1, 2, and 3.......................... 4 11,098,726
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 11,098,726
Form 990-PF (2014)
Form 990-PF (2014)
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 AMG FUNDS YACKTMAN P 2014-01-01 2014-10-16
b ARTISAN FUNDS INC MID CAP P 2014-01-01 2014-10-16
c FIRST TR EUROP ALPHADEX P 2014-04-23 2014-07-14
d JP MORGAN TR II P 2014-01-01 2014-10-16
e MFS NEW DISCOVERY P 2014-01-01 2014-10-16
MAINSTAY FDS TR MARKETFIELD P 2014-01-01 2014-10-16
OPPENHEIMER DEV MKTS P 2014-10-21 2014-11-11
PIMCO FDS PAC INVT P 2014-01-01 2014-01-10
PIMCO FDS FUNDAMENTAL INDEX P 2014-10-20 2014-11-11
SPDR EURO STOXX 50 P 2014-01-01 2014-07-29
TCW FDS INC P 2014-01-01 2014-01-10
THOMPSON IM FDS INC P 2014-01-01 2014-10-16
WISDOMTREE JAPAN P 2014-01-10 2014-05-21
PIMCO ALL ASSET ALL AUTHORITY P 2014-01-01 2014-10-16
AMG FUNDS YACKTMAN P 2013-01-01 2014-10-16
ARTISAN FUNDS INC MID CAP P 2013-01-01 2014-10-16
MFS NEW DISCOVERY P 2013-07-23 2014-10-16
PIMCO FDS PAC INVT MGMT SER P 2013-01-01 2014-01-10
PIMCO ALL ASSET ALL AUTHORITY P 2013-01-01 2014-10-16
TCW FDS INC P 2013-01-01 2014-01-10
GUGGENHEIM S&P 500 EQUAL P 2014-01-01 2014-12-30
TCW FDS INC EMERGING MKTS P 2014-01-01 2014-01-15
TCW FDS INC TOTAL RETURN P 2014-01-01 2014-12-29
WELLS FARGO ADVANTAGE EMERGING P 2014-01-01 2014-12-29
GUGGENHEIM S&P 500 EQUAL P 2013-01-01 2014-12-30
TCW FDS INC EMERGING MKTS P 2013-01-01 2014-01-15
TCW FDS INC TAX RETURN P 2013-01-01 2014-12-29
WELLS FARGO ADVANTAGE EMERGING P 2012-12-14 2014-12-29
TCW FDS INC EMERGING MKTS P 2013-01-01 2014-01-15
WELLS FARGO ADVANTAGE EMERGING P 2013-01-01 2014-12-29
CROSSTEX ENERGY INC P 2014-01-22 2014-03-11
TARGA RESOURCES CORP P 2014-01-22 2014-10-22
WILLIAMS COMPANIES P 2014-01-22 2014-10-22
VITTI ENERGY PARTNERS P 2014-08-01 2014-10-22
ACCESS MIDSTREAM PARTNERSHIP P 2014-01-22 2014-11-03
BUCKEYE PARTNERS LP P 2014-01-22 2014-11-11
EQT MIDSTREAM PARTNER P 2014-05-02 2014-10-22
EAGLE ROCK ENERGY P 2014-01-22 2014-03-18
ENERGY TRANSFER EQUITY P 2014-01-22 2014-10-22
ENTERPRISE PRODUCTS PARTNERS P 2014-01-22 2014-11-03
MPLX LP COM UNIT P 2014-01-22 2014-10-22
MAGELLAN MIDSTREAM PRTNS P 2014-01-22 2014-10-22
OILTANKING PARTNERS P 2014-01-22 2014-10-22
PHILLIPS 66 PARTNERS P 2014-01-22 2014-10-22
QEDP MIDSTREAM PARTNERS P 2014-01-22 2014-10-22
SUNOCO LOGISTICS PARTNER P 2014-01-22 2014-10-22
VALERO ENERGY PARTNERS P 2014-01-22 2014-10-22
WESTERN GAS PARTNERS P 2014-01-22 2014-10-22
WESTERN GAS EQUITY P 2014-01-22 2014-10-22
GENERAC HLDGS INC P 2013-11-27 2014-11-06
ISHARES MSCI EMU P 2013-11-07 2014-10-10
M D U RES GROUP P 2014-02-11 2014-11-06
NU SKIN ENTERPRISES INC P 2014-02-11 2014-11-06
ROCKY MTN CHOCOLATE FACTORY P 2014-06-30 2014-11-06
SPDR INDEX SHS P 2013-11-07 2014-11-06
HALYARD HEALTH INC P 2014-11-06 2014-11-06
CHESAPEAKE GRANITE WASH P 2012-06-27 2014-11-06
GOLDMAN SACHS MLP ENERGY P 2013-01-01 2014-12-12
ISHARES INC MSCI FRONTIER P 2012-11-09 2014-12-09
NOW INC COM DNOW P 2011-08-15 2014-11-19
SPDR INDEX SHS FDS EURO P 2013-11-07 2014-11-17
US BANCORP DEL COM P 2013-03-11 2014-10-14
VOLKSWAGEN AG ADR EACH REP P 2013-08-14 2014-10-14
APPLE INC P 2013-01-01 2014-11-19
LT CAPITAL GAINS FROM PASS THRU - K-1 P 2013-01-01 2014-12-31
AMG FUNDS YACKTMAN P 2013-01-01 2014-12-31
ARTISAN FUNDS INC MID CAP P 2013-01-01 2014-10-16
MANAGERS AMG FUNDS P 2011-12-22 2014-01-15
PIMCO FDS PAC INVT P 2011-12-30 2014-01-10
TCW FDS INC P 2011-12-22 2014-01-10
FIRST TRUST NASDAQ P 2013-08-14 2014-02-11
GOLDMAN SACHS N-11 EQUITY P 2013-05-15 2014-02-11
GOLDMAN SACHS N-11 EQUITY P 2013-05-15 2014-03-12
GOLDMAN SACHS STRATEGIC INCOME P 2013-05-09 2014-03-12
ISHARES MSWCI SINGAPORE P 2013-04-09 2014-02-11
ISHARES NASDAQ BIOTECH P 2013-07-12 2014-03-12
JOHNSON & JOHNSON P 2013-07-22 2014-03-12
M&T BANK CORP P 2013-03-11 2014-02-11
MALLINCKRODT PUB LTD P 2014-08-18 2014-08-26
MARKET VECTORS RUSSIA P 2013-04-09 2014-03-12
MICHAEL KORS HLDGS P 2013-08-06 2014-06-30
OCWEN FINANCIAL CORP P 2013-08-06 2014-02-11
OCWEN FINANCIAL CORP P 2014-01-01 2014-03-12
SKYWEST INC P 2013-05-16 2014-02-11
AT&T P 2011-11-21 2014-03-12
CDK GLOBAL INC P 2012-03-19 2014-10-14
CHIPOTLE MEXICAN GRILL P 2012-06-27 2014-06-30
ISHARES BRIC INDEX FD P 2013-01-01 2014-03-12
ISHARES ISHARES MSCI P 2011-03-03 2014-03-12
ISHARES MSCI BRAZIL P 2011-08-09 2014-03-12
ISHARES TR DOW JONES P 2012-02-10 2014-03-12
KINDER MORGAN P 2013-01-01 2014-03-12
MWI VETERINARY SUPPLY P 2011-12-14 2014-06-30
NOW INC COM DNOW P 2011-08-15 2014-06-02
QUESTCOR PHARMACEUTICALS P 2012-12-11 2014-08-18
SOUTHERN CO P 2011-11-21 2014-02-11
TRANSCEPT PHARMACEUTICALS P 2012-12-11 2014-03-12
YUM BRANDS P 2012-06-27 2014-02-11
CVR REFNG LP P 2013-02-01 2014-03-12
GOLDMAN SACHS STRATEGIC INCOME P 2011-03-21 2014-03-12
SOUTHWESTERN ENERGY P 2010-02-16 2014-03-12
(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 326,159   327,066 -907
b 175,530   186,806 -11,276
c 10,113   10,608 -495
d 484,597   477,903 6,694
e 692,477   736,436 -43,959
217,501   247,000 -29,499
4,000   3,920 80
9,644   9,840 -196
40,000   37,326 2,674
222,571   219,848 2,723
38,367   38,339 28
478,544   482,225 -3,681
202,432   219,895 -17,463
465,291   487,451 -22,160
255,486   212,146 43,340
548,695   465,232 83,463
287,023   320,961 -33,938
33,076   34,684 -1,608
698,483   780,743 -82,260
32,581   31,706 875
19,044   17,527 1,517
15,921   16,514 -593
59,256   59,524 -268
41,317   42,480 -1,163
1,478,953   887,950 591,003
22,552   23,899 -1,347
648,129   637,087 11,042
1,154   1,218 -64
255,768   248,171 7,597
257,898   252,520 5,378
32,169   30,518 1,651
6,286   4,509 1,777
6,890   4,883 2,007
2,569   2,150 419
21,449   19,722 1,727
11,685   10,787 898
2,202   1,906 296
11,988   13,630 -1,642
4,361   3,183 1,178
25,440   22,083 3,357
1,457   1,122 335
3,960   3,173 787
7,944   5,578 2,366
7,977   4,775 3,202
10,664   14,223 -3,559
2,276   1,865 411
1,116   875 241
1,820   1,512 308
7,474   5,123 2,351
8,296   10,562 -2,266
45,762   49,962 -4,200
5,190   6,586 -1,396
8,010   14,704 -6,694
2,874   3,124 -250
28,033   29,905 -1,872
10   6 4
2,098   3,902 -1,804
64,980   59,182 5,798
33,381   26,864 6,517
1,028   1,015 13
9,414   10,049 -635
12,073   10,332 1,741
11,800   14,388 -2,588
45,966   5,641 40,325
    926 -926
537,441   395,997 141,444
344,143   260,620 83,523
130,000   97,764 32,236
359,783   363,705 -3,922
354,846   336,560 18,286
11,553   11,415 138
10,470   11,970 -1,500
11,560   13,030 -1,470
49,349   50,000 -651
9,106   11,217 -2,111
39,092   28,360 10,732
27,981   27,723 258
16,954   15,611 1,343
7   7 0
10,980   13,825 -2,845
13,346   10,470 2,876
8,290   10,006 -1,716
9,687   12,778 -3,091
6,029   7,140 -1,111
8,097   7,062 1,035
9   7 2
13,056   9,101 3,955
13,430   17,027 -3,597
11,438   12,320 -882
7,894   11,658 -3,764
40,307   27,911 12,396
21,973   20,432 1,541
14,253   6,784 7,469
17   14 3
28,074   8,319 19,755
12,426   12,846 -420
3,170   5,244 -2,074
14,683   13,116 1,567
11,629   14,524 -2,895
132,353   124,981 7,372
8,440   8,992 -552
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       -907
b       -11,276
c       -495
d       6,694
e       -43,959
      -29,499
      80
      -196
      2,674
      2,723
      28
      -3,681
      -17,463
      -22,160
      43,340
      83,463
      -33,938
      -1,608
      -82,260
      875
      1,517
      -593
      -268
      -1,163
      591,003
      -1,347
      11,042
      -64
      7,597
      5,378
      1,651
      1,777
      2,007
      419
      1,727
      898
      296
      -1,642
      1,178
      3,357
      335
      787
      2,366
      3,202
      -3,559
      411
      241
      308
      2,351
      -2,266
      -4,200
      -1,396
      -6,694
      -250
      -1,872
      4
      -1,804
      5,798
      6,517
      13
      -635
      1,741
      -2,588
      40,325
      -926
      141,444
      83,523
      32,236
      -3,922
      18,286
      138
      -1,500
      -1,470
      -651
      -2,111
      10,732
      258
      1,343
      0
      -2,845
      2,876
      -1,716
      -3,091
      -1,111
      1,035
      2
      3,955
      -3,597
      -882
      -3,764
      12,396
      1,541
      7,469
      3
      19,755
      -420
      -2,074
      1,567
      -2,895
      7,372
      -552
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 2 868,744
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 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))
2013 516,188 10,534,980 0.048998
2012 578,367 9,885,420 0.058507
2011 387,716 10,479,184 0.036999
2010 269,591 9,977,692 0.027019
2009 426,524 9,435,032 0.045206
2 Total of line 1, column (d) ...................... 2 0.216729
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 0.043346
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 11,080,926
5 Multiply line 4 by line 3....................... 5 480,314
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 12,672
7 Add lines 5 and 6......................... 7 492,986
8 Enter qualifying distributions from Part XII, line 4.............. 8 537,829
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 (2014)
Form 990-PF (2014)
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 12,672
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 12,672
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 12,672
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 6,700
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,700
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 5,972
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
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 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
     
    No
    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)
    bulletMA
    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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletN/A
    14
    The books are in care ofbulletRAYMOND M MASCIARELLA II Telephone no.bullet (561) 627-4448
    Located atbullet840 US HIGHWAY ONE 340NORTH PALM BEACHFL ZIP+4bullet33408
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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
    JOAN D INGALLS TRUSTEE
    7.00     		16,000 0 0
    PO BOX 146
    MARBLEHEAD,MA01945
    RAYMOND M MASCIARELLA II TRUSTEE
    5.00     		16,000 0 0
    840 US HIGHWAY ONE
    NORTH PALM BEACH,FL33408
    RAYMOND M MASCIARELLA III TRUSTEE
    4.00     		8,000 0 0
    211 MARLBOROUGH RD
    WEST PALM BEACH,FL33405
    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
    RAYMOND M MASCIARELLA II PA NON-LEGAL PROFESSIONAL SERVICES 140,000
    840 US HIGHWAY ONE 340
    NORTH PALM BEACH,FL33408
    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 (2014)
    Form 990-PF (2014)
    Page 8
    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 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
    10,680,920
    b
    Average of monthly cash balances.......................
    1b
    568,751
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,249,671
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    11,249,671
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    168,745
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,080,926
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    554,046
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    554,046
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    12,672
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,672
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    541,374
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    541,374
    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
    541,374
    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
    537,829
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    537,829
    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
    12,672
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    525,157
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 541,374
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 412,708
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 537,829
    a Applied to 2013, but not more than line 2a 412,708
    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 2014 distributable amount..... 125,121
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		416,253
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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 or e-mail address of the person to whom applications should be addressed:
    RAYMOND M MASCIARELLA II
    840 US HIGHWAY ONE 340 SUMMIT BLDG
    NORTH PALM BEACH,FL33408
    (561) 627-4448
    bThe form in which applications should be submitted and information and materials they should include:
    N/A
    cAny submission deadlines:
    MARCH 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    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
    ALZHEIMER'S COMMUNITY CARE
    800 NORTHPOINT PARKWAY STE 101-B
    WEST PALM BEACH,FL33406     		NONE PUBLIC CHARITY CONTRIBUTION 10,000
    AUTISM PROJECT OF PALM BEACHES
    5800 CORPORATE WAY
    WEST PALM BEACH,FL33407     		NONE PUBLIC CHARITY CONTRIBUTION 10,000
    BOSTON UNIVERSITY
    1 SILBER WAY
    BOSTON,MA02215     		NONE PUBLIC CHARITY CONTRIBUTION 100,000
    CANCER ALLIANCE OF HELP & HOPE
    PO BOX 3038
    TEQUESTA,FL33469     		NONE PUBLIC CHARITY CONTRIBUTION 10,000
    CARDINAL NEWMAN HIGH SCHOOL
    512 SPENCER DRIVE
    WEST PALM BEACH,FL33409     		NONE PUBLIC CHARITY CONTRIBUTION 12,950
    COMMUNITY CALL
    11 ARLINGTON ST
    BOSTON,MA02116     		NONE PUBLIC CHARITY CONTRIBUTION 10,000
    ESSEX COUNTY GREENBELT
    82 EASTERN AVE
    ESSEX,MA01929     		NONE PUBLIC CHARITY CONTRIBUTION 10,000
    GENESIS ASSISTANCE DOGS INC
    PO BOX 3101
    WEST PALM BEACH,FL33402     		NONE PUBLIC CHARITY CONTRIBUTION 21,000
    HEALTH INFORMATION RESEARCH INC
    ENB BLDG 11811 US HIGHWAY 1
    NORTH PALM BEACH,FL33408     		NONE PUBLIC CHARITY CONTRIBUTION 50,000
    LITTLE SMILES
    1325 N CONGRESS AVENUE STE 205
    WEST PALM BEACH,FL33401     		NONE PUBLIC CHARITY CONTRIBUTION 10,000
    LOGGERHEAD MARINE LIFE
    LOGGERHEAD PARK 14200 US HIGHWAY 1
    JUNO BEACH,FL33408     		NONE PUBLIC CHARITY CONTRIBUTION 26,467
    MASSACHUSETTS GENERAL HOSPITAL
    165 CAMBRIDGE STREET STE 600
    BOSTON,MS02114     		NONE PUBLIC CHARITY CONTRIBUTION 37,500
    NEW DAY AUDIT CARE CENTER
    301 EBBTIDE DRIVE
    NORTH PALM BEACH,FL33408     		NONE PUBLIC CHARITY CONTRIBUTION 14,020
    PAWS 4 LIBERTY
    8939 PALAMINO DRIVE
    LAKE WORTH,FL33467     		NONE PUBLIC CHARITY CONTRIBUTION 20,000
    QUANTUM HOUSE
    901 45TH STREET
    WEST PALM BEACH,FL33407     		NONE PUBLIC CHARITY CONTRIBUTION 15,714
    RENEWAL COALITION
    88 WEST RIVERSIDE DR
    JUPITER,FL33469     		  PUBLIC CHARITY CONTRIBUTION 15,000
    RONALD MCDONALD HOUSE OF SOUTH FLORIDA
    15 SE 15TH STREET
    FORT LAUDERDALE,FL33316     		NONE PUBLIC CHARITY CONTRIBUTION 6,000
    SALEM SOUND COASTWATCH
    201 WASHINGTON ST STE 9
    SALEM,MA01970     		  PUBLIC CHARITY CONTRIBUTION 10,000
    SCRIPPS
    130 SCRIPPS WAY
    JUPITER,FL33458     		NONE PUBLIC CHARITY CONTRIBUTION 2,500
    SPORTSMAN'S FOUNDATION FOR MILITARY FAMILIES INC
    5260 BLUFF HAMMOCK ROAD
    LORIDA,FL33857     		NONE PUBLIC CHARITY CONTRIBUTION 20,000
    ST JOHN'S PREPARATORY SCHOOL
    72 SPRING STREET
    DANVERS,MA01923     		NONE PUBLIC CHARITY CONTRIBUTION 10,000
    Total .................................bullet 3a 421,151
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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 ............     		    14 794  
    4 Dividends and interest from securities....     12 490,762  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 79,950  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 2,052  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 868,744  
    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 1,442,302 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,442,302
    (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 (2014)
    Form 990-PF (2014)
    Page 13
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
     
    Employer identification number

    20-3294470
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
          		Employer identification number

    20-3294470
    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
    WBRADFORD INGALLS TRUST FBO RAYMOND MASCIARELLA III
     

       
    840 US HIGHWAY ONE STE 340
     
    NORTH PALM BEACH, FL33408

    		$710,125


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    WBRADFORD INGALLS TRUST FBO RAYMOND MASCIARELLA III
     

       
    840 US HIGHWAY ONE STE 340
     
    NORTH PALM BEACH, FL33408

    		$3,391


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
          		Employer identification number

    20-3294470
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 SECURITIES OF $710,125 $ 710,125 2014-12-16
    (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) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
          		Employer identification number

    20-3294470
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
    EIN: 20-3294470
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTANT FEES 11,066 5,533   5,533

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
    EIN: 20-3294470
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCKS 1,963,972 2,656,778

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
    EIN: 20-3294470
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 5,963,306 5,778,468
    ETFS AT COST 0 0
    FIXED INCOME SECURITIES AT COST 0 0
    VARIABLE ANNUITY AT COST 560,000 605,773
    OTHER AT COST 597,908 553,821

    TY 2014 LegalFeesSchedule
    Name:
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
    EIN: 20-3294470
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 5,790 2,895   2,895


    TY 2014 OtherExpensesSchedule
    Name:
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
    EIN: 20-3294470
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER DEDUCTIONS FROM INVESTMENTS 422 422   0
    LOSS FROM INVESTMENT PASS THRU - K-1 27,006 27,006   0


    TY 2014 OtherIncomeSchedule2
    Name:
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
    EIN: 20-3294470
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES 997 997 997
    ROYALTY FROM PASS THRU - K-1 1,045 1,045 1,045
    ROYALTY EXPENSES FROM PASS THRU K-1 -315 -315 -315
    OTHER INCOME 325 325 325


    TY 2014 OtherIncreasesSchedule
    Name:
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
    EIN: 20-3294470
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
    EIN: 20-3294470
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENTS FEES 70,138 70,138   0
    GRANT MAKING FEES 48,000 0   48,000
    MANAGEMENT FEES 80,000 40,000   40,000


    TY 2014 TaxesSchedule
    Name:
    THE W BRADFORD INGALLS CHARITABLE FOUNDATION
    EIN: 20-3294470
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 1,578 1,578   0
    MASSACHUSETTS PC ANNUAL FEE 250 0   250
    FOREIGN TAXES PAID PASS THRU - K1 83 83   0
    FEDERAL EXCISE TAX 7,398 7,398   0