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 ALDERMERE FOUNDATION CO SPINNAKER TRUST
 

Number and street (or P.O. box number if mail is not delivered to street address)123 FREE STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, ME04101
A Employer identification number

01-6059906
B Telephone number (see instructions)

(207) 553-7160
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$6,171,567J 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
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 192,706 192,706 192,706
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 427,674
b Gross sales price for all assets on line 6a 3,613,949
7 Capital gain net income (from Part IV, line 2)... 427,674
8 Net short-term capital gain......... 128,112
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 620,380 620,380 320,818
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 34,432 30,231 30,231 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,541 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 39,973 30,231 30,231 0
25 Contributions, gifts, grants paid........ 303,608 303,608
26 Total expenses and disbursements. Add lines 24 and 25 343,581 30,231 30,231 303,608
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 276,799
b Net investment income (if negative, enter -0-) 590,149
c Adjusted net income (if negative, enter -0-)... 290,587
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.......... 172,527 52,330 52,330
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)........ 3,882,081 Click to see attachment3,841,959 5,049,633
c Investments—corporate bonds (attach schedule)........ 579,708 Click to see attachment1,003,073 1,069,604
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 4,634,316 4,897,362 6,171,567
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......... 4,634,316 4,897,362
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 instructions)...... 4,634,316 4,897,362
31 Total liabilities and net assets/fund balances (see instructions).. 4,634,316 4,897,362
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 4,634,316
2 Enter amount from Part I, line 27a..................... 2 276,799
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 4,911,115
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 13,753
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,897,362
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 AVALONBAY COMMUNITIES INC   2013-05-01 2014-02-11
b BHP BILLITON LTD SPONSORED ADR   2014-02-20 2014-12-08
c CELGENE CORP   2013-03-06 2014-02-11
d CHICAGO BRIDGE & IRON COMPANY N.V.   2013-04-16 2014-02-11
e COACH, INC.   2014-02-20 2014-05-01
COCA COLA CO   2014-02-11 2014-10-24
CORNING INC   2013-11-12 2014-09-19
CORNING INC   2014-03-14 2014-09-19
FIDELITY SHORT INTERMEDIATE MUNICIPAL INCOME   2013-08-02 2014-02-11
FIDELITY SHORT INTERMEDIATE MUNICIPAL INCOME   2013-11-21 2014-02-11
GILEAD SCIENCES INC   2013-03-06 2014-02-11
GOLDCORP INC   2014-02-06 2014-03-10
GUGGENHEIM BULLETSHARES 2015   2013-07-30 2014-02-11
GUGGENHEIM BULLETSHARES 2015   2013-11-19 2014-02-11
INTEL CORP   2014-02-11 2014-10-01
ISHARES BARCLAYS 1-3 YEAR CREDIT BOND   2013-11-19 2014-02-11
ISHARES HIGH DIVIDEND ETF   2014-05-15 2014-10-01
ISHARES HIGH DIVIDEND ETF   2014-05-15 2014-12-19
MARKET VECTORS AGRIBUSINESS ETF   2013-11-12 2014-02-11
MARKET VECTORS PHARMACEUTICAL   2014-02-11 2014-03-06
PHILIP MORRIS INTERNATIONAL INC   2013-05-01 2014-02-11
PIMCO TOTAL RETURN ETF   2013-11-19 2014-02-11
PROCTER & GAMBLE CO   2013-05-01 2014-02-11
RAYONIER ADVANCED MATERIALS INC.   2014-03-10 2014-09-04
SPDR SHORT-TERM HIGH YIELD   2013-08-01 2014-02-11
SPDR SHORT-TERM HIGH YIELD   2013-11-19 2014-02-11
SPDR TR UNIT SER 1   2014-01-21 2014-01-31
SPDR TR UNIT SER 1   2014-01-21 2014-02-06
SPDR TR UNIT SER 1   2014-05-01 2014-05-15
STATE STREET CORP   2013-09-26 2014-02-11
STATE STREET CORP   2013-10-08 2014-02-11
TARGET CORP   2013-01-25 2014-01-21
TARGET CORP   2013-05-01 2014-01-21
VANGUARD EUROPEAN STOCK ETF   2013-11-12 2014-09-17
VANGUARD FTSE DEVELOPED MARKETS ETF   2013-11-12 2014-09-18
WELLPOINT INC   2013-11-22 2014-02-11
WELLPOINT INC   2013-12-03 2014-02-11
WISCONSIN ENERGY CORP   2013-05-01 2014-02-11
WISDOMTREE INTERNATIONAL MIDCAP DIVIDEND FUND   2013-11-12 2014-09-17
AVALONBAY COMMUNITIES INC   2011-11-29 2014-02-11
CVS/CAREMARK CORP   2011-11-23 2014-02-11
HALYARD HEALTH, INC.   2011-11-29 2014-11-24
HALYARD HEALTH, INC.   2013-05-01 2014-11-20
HALYARD HEALTH, INC.   2013-05-01 2014-11-24
ISHARES BARCLAYS 1-3 YEAR CREDIT BOND   2012-11-27 2014-02-11
ITT CORP W/I   2011-09-22 2014-07-18
ITT CORP W/I   2013-05-01 2014-07-18
PHILIP MORRIS INTERNATIONAL INC   2011-11-30 2014-02-11
PIMCO TOTAL RETURN ETF   2012-09-10 2014-01-16
PIMCO TOTAL RETURN ETF   2012-09-10 2014-02-11
PROCTER & GAMBLE CO   2005-06-24 2014-02-11
PROCTER & GAMBLE CO   2011-11-30 2014-02-11
RAYONIER ADVANCED MATERIALS INC.   2011-11-23 2014-09-04
RAYONIER ADVANCED MATERIALS INC.   2013-05-01 2014-09-04
RAYONIER ADVANCED MATERIALS INC.   2013-05-01 2014-07-09
WISCONSIN ENERGY CORP   2011-11-30 2014-02-11
AVALONBAY COMMUNITIES INC   2013-05-01 2014-02-11
BHP BILLITON LTD SPONSORED ADR   2014-02-20 2014-12-08
CELGENE CORP   2013-03-06 2014-02-11
CHICAGO BRIDGE & IRON COMPANY N.V.   2013-03-11 2014-02-11
CHICAGO BRIDGE & IRON COMPANY N.V.   2013-04-16 2014-02-11
CHICAGO BRIDGE & IRON COMPANY N.V.   2013-04-23 2014-02-11
CHICAGO BRIDGE & IRON COMPANY N.V.   2013-05-01 2014-02-11
COACH, INC.   2014-02-20 2014-05-01
COCA COLA CO   2014-02-11 2014-10-24
CORNING INC   2013-11-12 2014-09-19
CORNING INC   2014-03-14 2014-09-19
CVS/CAREMARK CORP   2013-05-01 2014-02-11
FIDELITY SHORT INTERMEDIATE MUNICIPAL INCOME   2013-07-29 2014-02-11
FIDELITY SHORT INTERMEDIATE MUNICIPAL INCOME   2013-11-21 2014-02-11
GILEAD SCIENCES INC   2013-03-06 2014-02-11
GOLDCORP INC   2014-02-06 2014-03-10
GUGGENHEIM BULLETSHARES 2015   2013-07-24 2014-02-11
GUGGENHEIM BULLETSHARES 2015   2013-11-19 2014-02-11
INTEL CORP   2014-02-11 2014-10-01
ISHARES BARCLAYS 1-3 YEAR CREDIT BOND   2013-06-04 2014-02-11
ISHARES BARCLAYS 1-3 YEAR CREDIT BOND   2013-11-19 2014-02-11
ISHARES HIGH DIVIDEND ETF   2014-05-15 2014-10-01
ISHARES HIGH DIVIDEND ETF   2014-05-15 2014-12-19
MARKET VECTORS AGRIBUSINESS ETF   2013-11-12 2014-02-11
MARKET VECTORS PHARMACEUTICAL   2014-02-11 2014-03-06
PHILIP MORRIS INTERNATIONAL INC   2013-05-01 2014-02-11
PIMCO TOTAL RETURN ETF   2013-11-19 2014-02-11
PROCTER & GAMBLE CO   2013-05-01 2014-02-11
RAYONIER ADVANCED MATERIALS INC.   2014-03-10 2014-09-04
SPDR SHORT-TERM HIGH YIELD   2013-07-24 2014-02-11
SPDR SHORT-TERM HIGH YIELD   2013-11-19 2014-02-11
SPDR TR UNIT SER 1   2014-01-21 2014-01-31
SPDR TR UNIT SER 1   2014-01-21 2014-02-06
SPDR TR UNIT SER 1   2014-05-01 2014-05-15
STATE STREET CORP   2013-10-08 2014-02-11
TARGET CORP   2013-01-25 2014-01-21
TARGET CORP   2013-02-27 2014-01-21
TARGET CORP   2013-05-01 2014-01-21
WELLPOINT INC   2013-11-22 2014-02-11
WELLPOINT INC   2013-12-03 2014-02-11
WISCONSIN ENERGY CORP   2013-05-01 2014-02-11
AVALONBAY COMMUNITIES INC   2011-11-29 2014-02-11
CVS/CAREMARK CORP   2011-11-23 2014-02-11
HALYARD HEALTH, INC.   2006-08-02 2014-11-24
HALYARD HEALTH, INC.   2011-11-29 2014-11-24
HALYARD HEALTH, INC.   2013-05-01 2014-11-24
HALYARD HEALTH, INC.   2013-05-01 2014-11-20
ISHARES BARCLAYS 1-3 YEAR CREDIT BOND   2012-11-27 2014-02-11
ITT CORP W/I   2008-03-24 2014-07-18
ITT CORP W/I   2010-10-26 2014-07-18
ITT CORP W/I   2011-09-22 2014-07-18
ITT CORP W/I   2013-05-01 2014-07-18
PHILIP MORRIS INTERNATIONAL INC   2011-11-30 2014-02-11
PIMCO TOTAL RETURN ETF   2012-09-10 2014-02-11
PIMCO TOTAL RETURN ETF   2012-09-10 2014-01-16
PROCTER & GAMBLE CO   1994-12-30 2014-02-11
RAYONIER ADVANCED MATERIALS INC.   2011-11-23 2014-09-04
RAYONIER ADVANCED MATERIALS INC.   2013-05-01 2014-07-09
RAYONIER ADVANCED MATERIALS INC.   2013-05-01 2014-09-04
WISCONSIN ENERGY CORP   2011-11-30 2014-02-11
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 6,509   6,714 -205
b 19,511   27,850 -8,339
c 25,120   17,345 7,775
d 55,635   37,539 18,096
e 38,200   42,076 -3,876
37,177   35,008 2,169
31,932   26,171 5,761
10,712   9,962 750
18,129   18,045 84
7,565   7,536 29
27,907   15,404 12,503
30,030   28,034 1,996
8,148   8,153 -5
3,386   3,398 -12
7,817   5,607 2,210
4,748   4,745 3
19,389   19,018 371
20,183   19,018 1,165
7,539   7,687 -148
74,507   70,042 4,465
5,145   6,274 -1,129
8,515   8,528 -13
6,717   6,593 124
6,970   7,981 -1,011
18,187   18,008 179
7,552   7,557 -5
9,405   9,755 -350
37,749   39,204 -1,455
38,200   38,402 -202
30,850   30,173 677
25,709   24,500 1,209
43,482   45,469 -1,987
5,332   6,357 -1,025
16,062   15,673 389
36,456   35,683 773
23,807   25,583 -1,776
21,143   22,824 -1,681
6,259   6,477 -218
10,252   9,968 284
39,053   35,705 3,348
66,943   36,407 30,536
2,531   1,521 1,010
5   4 1
284   256 28
11,501   11,493 8
13,997   4,624 9,373
11,075   6,486 4,589
39,579   37,724 1,855
5,601   5,710 -109
15,327   15,513 -186
27,659   18,645 9,014
19,756   16,083 3,673
10,266   9,747 519
1,161   1,690 -529
34   40 -6
48,559   37,110 11,449
16,923   17,456 -533
45,444   64,867 -19,423
62,239   42,975 19,264
32,201   23,650 8,551
77,594   52,355 25,239
15,519   10,478 5,041
24,830   16,864 7,966
88,553   97,541 -8,988
86,131   81,106 5,025
75,085   61,539 13,546
21,526   20,019 1,507
20,255   17,379 2,876
42,846   42,646 200
17,919   17,852 67
69,071   38,127 30,944
72,874   68,029 4,845
22,959   22,979 -20
8,083   8,112 -29
18,125   13,000 5,125
9,918   9,916 2
11,607   11,598 9
45,117   44,253 864
46,965   44,253 2,712
18,198   18,554 -356
172,482   162,147 10,335
14,249   17,373 -3,124
20,755   20,786 -31
17,781   17,451 330
17,398   19,922 -2,524
42,724   42,608 116
17,879   17,890 -11
23,600   24,480 -880
94,992   98,655 -3,663
88,384   88,852 -468
61,701   58,801 2,900
97,983   102,460 -4,477
10,367   10,849 -482
14,514   17,306 -2,792
58,960   63,358 -4,398
52,170   56,318 -4,148
16,618   17,198 -580
91,123   83,313 7,810
152,767   83,083 69,684
3,857   2,018 1,839
1,928   1,159 769
810   728 82
9   9 0
18,993   18,980 13
11,782   5,163 6,619
7,187   2,802 4,385
12,371   4,087 8,284
29,456   17,251 12,205
89,054   84,880 4,174
38,211   38,675 -464
17,331   17,668 -337
102,732   20,034 82,698
22,964   21,802 1,162
24   28 -4
3,115   4,532 -1,417
111,147   84,942 26,205
1,282     1,282
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       -205
b       -8,339
c       7,775
d       18,096
e       -3,876
      2,169
      5,761
      750
      84
      29
      12,503
      1,996
      -5
      -12
      2,210
      3
      371
      1,165
      -148
      4,465
      -1,129
      -13
      124
      -1,011
      179
      -5
      -350
      -1,455
      -202
      677
      1,209
      -1,987
      -1,025
      389
      773
      -1,776
      -1,681
      -218
      284
      3,348
      30,536
      1,010
      1
      28
      8
      9,373
      4,589
      1,855
      -109
      -186
      9,014
      3,673
      519
      -529
      -6
      11,449
      -533
      -19,423
      19,264
      8,551
      25,239
      5,041
      7,966
      -8,988
      5,025
      13,546
      1,507
      2,876
      200
      67
      30,944
      4,845
      -20
      -29
      5,125
      2
      9
      864
      2,712
      -356
      10,335
      -3,124
      -31
      330
      -2,524
      116
      -11
      -880
      -3,663
      -468
      2,900
      -4,477
      -482
      -2,792
      -4,398
      -4,148
      -580
      7,810
      69,684
      1,839
      769
      82
      0
      13
      6,619
      4,385
      8,284
      12,205
      4,174
      -464
      -337
      82,698
      1,162
      -4
      -1,417
      26,205
      1,282
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 2 427,674
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 3 128,112
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 275,264 5,485,986 0.050176
2012 244,413 5,054,994 0.048351
2011 228,301 4,949,054 0.046130
2010 251,994 4,671,195 0.053946
2009 236,684 5,304,637 0.044618
2 Total of line 1, column (d) ...................... 2 0.243221
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 0.048644
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,014,266
5 Multiply line 4 by line 3....................... 5 292,558
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,901
7 Add lines 5 and 6......................... 7 298,459
8 Enter qualifying distributions from Part XII, line 4.............. 8 303,608
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 5,901
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 5,901
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 5,901
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 3,960
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 3,960
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 5
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,946
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)
    bulletME
    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
    Yes
     
    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 ofbulletSPINNAKER TRUST Telephone no.bullet (207) 553-7160
    Located atbullet123 FREE STREETPORTLANDME ZIP+4bullet04101
    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
    SPINNAKER TRUST TRUSTEE
    0.48     		34,432 0 0
    123 FREE STREET
    PORTLAND,ME04101
    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 MAINE COAST HERITAGE TRUST: CONSERVES AND STEWARDS MAINE'S COASTAL LANDS AND ISLANDS FOR THEIR RENOWNED SCENIC BEAUTY, OUTDOOR RECREATIONAL OPPORTUNITIES, ECOLOGICAL DIVERSITY AND WORKING LANDSCAPES. MCHT PROMOTES THE CONSERVATION OF NATURAL PLACES STATEWIDE BY WORKING WITH LAND TRUSTS, COMMUNITIES AND OTHER PARTNERS. CONTRIBUTIONS TO THIS ORGANIZATION SUPPORT THE GENERAL MISSION. 209,608
    2 COASTAL MOUNTAINS LAND TRUST: PERMANENTLY CONSERVES LAND TO BENEFIT THE NATURAL AND HUMAN COMMUNITIES OF WESTERN PENOBSCOT BAY, BY WORKING PROACTIVELY AND COOPERATIVELY WITH LAND OWNERS TO ESTABLISH A SYSTEM OF CONSERVATION LANDS THAT FEATURE HABITAT SUPPORTING BIOLOGICAL DIVERSITY, WATER RESOURCES, INCLUDING RIVERS, LAKES, WETLANDS, AQUIFERS, AND THE BAY, FARMS AND FORESTS MANAGED FOR SUSTAINED PRODUCTIVITY, AND SCENIC LANDSCAPES ESSENTIAL TO OUR SENSE OF PLACE. CONTRIBUTIONS TO THIS ORGANIZATION SUPPORT ITS GENERAL MISSION. 15,000
    3 NATURAL RESOURCES COUNCIL OF MAINE: A NONPROFIT MEMBERSHIP ORGANIZATION PROTECTING, RESTORING, AND CONSERVING MAINE'S ENVIRONMENT, NOW AND FOR FUTURE GENERATIONS, WORKING TO IMPROVE THE QUALITY OF MAINE'S RIVERS, TO DECREASE AIR AND GLOBAL WARMING POLLUTION, AND TO CONSERVE MAINE LANDS. CONTRIBUTIONS TO THIS ORGANIZATION SUPPORT ITS GENERAL MISSION. 14,000
    4 UNITED MID-COAST CHARITIES, INC: DEDICATED TO THE SUPPORT OF CHARITIES WHICH PROVIDE SOCIAL SERVICES AND CARE TO THE MOST DESERVING, INCLUDING MEDICAL, PHYSICAL, SOCIAL, PSYCHIATRIC OR COMMUNITY EDUCATIONAL SERVICES. UMCC STRIVES TO LOCATE CHARITIES THAT OFFER THE MOST POSSIBLE BENEFIT TO RESIDENTS IN AND AROUND MID-COAST MAINE. CONTRIBUTIONS TO THIS ORGANIZATION HELP SUPPORT ITS GENERAL MISSION. 14,000
    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
    5,909,648
    b
    Average of monthly cash balances.......................
    1b
    196,206
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,105,854
    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
    6,105,854
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    91,588
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,014,266
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    300,713
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    303,608
    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
    303,608
    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
    5,901
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    297,707
    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 0
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010....... 1,193
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 1,193
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$  
    a Applied to 2013, but not more than line 2a 0
    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..... 0
    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 1,193
    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 ..........     		0
    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 ......     		1,193
    10 Analysis of line 9:
    a Excess from 2010.... 1,193
    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
    290,587 141,852 145,016 192,281 769,736
    b 85% of line 2a ......... 246,999 120,574 123,264 163,439 654,276
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		303,608 279,219 244,413 228,301 1,055,541
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		303,608 279,219 244,413 228,301 1,055,541
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......     5,033,146 5,011,309 10,044,455
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		200,475 182,866 168,500 164,969 716,810
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income     1,985,726 1,037,192 3,022,918
    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 email address 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 (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
    BAY CHAMBER CONCERTS AND COMMUNITY MUSIC SCHOOL
    PO BOX 599
    ROCKPORT,ME04856     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 1,000
    BROADREACH FAMILY & COMMUNITY SERVICES
    5 STEPHENSON LANE
    BELFAST,ME04915     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 9,500
    BRUNSWICK TOPSHAM LAND TRUST
    108 MAINE STREET
    BRUNSWICK,ME04011     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 3,000
    COASTAL MOUNTAINS LAND TRUST
    101 MOUNT BATTIE STREET
    CAMDEN,ME04843     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 15,000
    CONSERVATION LAW FOUNDATION
    47 PORTLAND STREET SUITE 4
    PORTLAND,ME04101     		  501(C)(3) CORPORATIO GENERAL SUPPORT 6,500
    FRIENDS OF CASCO BAYKEEPER
    43 SLOCUM DRIVE
    SOUTH PORTLAND,ME04106     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 2,500
    GEORGES RIVER LAND TRUST
    8 NORTH MAIN STREET SUITE 200
    ROCKLAND,ME04841     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 2,000
    MAINE COAST HERITAGE TRUST
    1 BOWDOIN MILL ISLAND SUITE 201
    TOPSHAM,ME04086     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 209,608
    NATURAL RESOURCES COUNCIL OF MAINE
    3 WADE STREET
    AUGUSTA,ME04330     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 14,000
    PENOBSCOT BAY YMCA AND TEEN CENTER
    PO BOX 840
    ROCKPORT,ME04856     		  501(C)(3) CORPORATIO GENERAL SUPPORT 6,000
    SHEEPSCOT WELLSPRING LAND ALLIANCE
    PO BOX 371
    LIBERTY,ME04949     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 5,000
    SWEETSER
    50 MOODY STREET
    SACO,ME04072     		  501(C)(3) CORPORATIO GENERAL SUPPORT 1,000
    THE ART VAN PROGRAM
    7 PARK STREET
    BATH,ME04530     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 2,000
    THE GAME LOFT
    78A MAIN STREET
    BELFAST,ME04915     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 5,000
    THE LOBSTER CONSERVANCY
    PO BOX 235
    FRIENDSHIP,ME04547     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 2,500
    UNITED MID-COAST CHARITIES INC
    PO BOX 205
    CAMDEN,ME04843     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 14,000
    WAYFINDER SCHOOLS
    PO BOX 555 79 WASHINGTON STREET
    CAMDEN,ME04843     		  501(C)(3) ORGANIZATI GENERAL SUPPORT 5,000
    Total .................................bullet 3a 303,608
    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 ............     		         
    4 Dividends and interest from securities....     14 192,706  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 427,674  
    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).. 0 620,380 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13620,380
    (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

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE ALDERMERE FOUNDATION CO SPINNAKER TRUST
    EIN: 01-6059906
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ISHARES BARCLAYS 1-3 YEAR CREDIT BOND 0 0
    ISHARES CURRENCY HEDGED MSCI GERMANY 16,100 15,671
    ISHARES MSCI ALL COUNTRY ASIA EX JAPAN INDEX 7,248 6,885
    ISHARES S&P PREF STK INDEX FUND 279,083 289,371
    PIMCO TOTAL RETURN ETF 0 0
    UTILITIES SELECT SECTOR SPDR 185,612 221,367
    VANGUARD FTSE DEVELOPED MARKETS ETF 84,874 79,737
    WISDOMTREE EUROPE HEDGED EQUITY ETF 27,292 25,752
    WISDOM TREE INT'L MIDCAP DIVIDEND FUND 23,922 23,356
    WISDOMTREE JAPAN HEDGED EQUITY ETF 12,065 11,569
    WISDOMTREE MIDCAP DIVIDEND FUND 146,454 166,643
    WISDOMTREE SMALLCAP DIVIDEND FUND 146,588 160,421
    FIDELITY SHORT INTERMEDIATE MUNICIPAL INCOME 0 0
    ISHARES MSCI EUROPE FINANCIAL SECTOR 36,892 34,241
    SPDR SHORT TERM HIGH YIELD 0 0
    VANGUARD EUROPE PACIFIC ETF 0 0
    VANGUARD EUROPEAN STOCK ETF 36,943 34,591

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE ALDERMERE FOUNDATION CO SPINNAKER TRUST
    EIN: 01-6059906
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 141,624 291,668
    ACCENTURE PLC 161,668 180,317
    ALERIAN MLP 263,224 296,964
    ASTRAZENECA PLC 220,733 232,606
    AT&T INC 186,996 194,453
    AVALONBAY COMMUNITIES INC 0 0
    BAXTER INTL INC 195,726 228,738
    CHEVRON CORP 77,506 142,469
    CVS CORP 0 0
    DOW CHEM CO 64,971 60,205
    DU PONT E.I. DE NEMOURS & CO 172,730 280,824
    INTEL CORP 167,585 248,405
    ITT CORPORATION 0 0
    JOHNSON & JOHNSON 103,820 191,363
    KIMBERLY CLARK CORP 131,464 225,881
    KIMCO REALTY CORP 33,741 33,135
    KRAFT FOODS GROUP, INC 115,972 136,849
    LASSALLE HOTEL PROPERTIES 33,405 33,185
    MCDONALDS CORP 139,431 136,615
    METLIFE INC 164,891 162,000
    MICROSOFT CORP 178,819 278,793
    NESTLE SA ADR 144,437 185,743
    PEPSICO INC 118,765 118,862
    PHILIP MORRIS INTERNATIONAL INC 0 0
    PROCTER & GAMBLE CO 0 0
    RAYONIER INC 181,809 160,096
    SUN TRUST BANKS INC 90,981 100,853
    WASTE MANAGEMENT INC 139,455 166,431
    WELLS FARGO & CO 189,158 294,383
    WISCONSIN ENERGY CORP 0 0
    CELGENE CORP 0 0
    CHICAGO BRIDGE & IRON COMPANY 0 0
    CISCO SYSTEMS INC. 142,732 173,983
    CONOCOPHILLIPS 84,175 151,241
    CORNING INC 0 0
    GILEAD SCIENCES INC. 0 0
    GUGGENHEIM BULLETSHARES 2015 0 0
    MARKET VECTORS AGRIBUSINESS ETF 0 0
    STATE STREET CORP 0 0
    TARGET CORP 0 0
    UNION PACIFIC CORP 196,141 343,571
    WELLSPOINT INC. 0 0

    TY 2014 OtherDecreasesSchedule
    Name:
    THE ALDERMERE FOUNDATION CO SPINNAKER TRUST
    EIN: 01-6059906
    Description Amount
       


    TY 2014 TaxesSchedule
    Name:
    THE ALDERMERE FOUNDATION CO SPINNAKER TRUST
    EIN: 01-6059906
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2013 FED EXTENSION PAYMENT 3,800 0 0 0
    2014 Q4 ESTIMATED TAX PAYMENT 1,741 0 0 0