TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
Ocean State Power Scholarship Foundation Limited

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 245 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
North Uxbridge, MA01538

A Employer identification number

22-2908697

B Telephone number (see instructions)

(508) 278-3694

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$785,496J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	8,450		8,450	8,450
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		97,636
b	Gross sales price for all assets on line 6a 333,302
7	Capital gain net income (from Part IV, line 2)...			97,636
8	Net short-term capital gain.........				9,749
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........	106,086		106,086	18,199
13	Compensation of officers, directors, trustees, etc.	2,200			2,200
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,675		2,675
c	Other professional fees (attach schedule)....		3,275	3,275
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,389	1,339	50
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		120		120
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	9,659		4,614	5,045	0
25	Contributions, gifts, grants paid........	29,000				29,000
26	Total expenses and disbursements. Add lines 24 and 25	38,659		4,614	5,045	29,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	67,427
b	Net investment income (if negative, enter -0-)			101,472
c	Adjusted net income (if negative, enter -0-)...				13,154

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2014)

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	21,463	21,268	21,268
	2	Savings and temporary cash investments..........	6,173	8,552	8,552
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	159,505	183,154	208,491
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	386,865	428,459	547,185
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	574,006	641,433	785,496
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	574,006	641,433
	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)......	574,006	641,433
	31	Total liabilities and net assets/fund balances (see instructions)..	574,006	641,433

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	574,006
2	Enter amount from Part I, line 27a.....................	2	67,427
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	641,433
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	641,433

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	23 SHS American Electric Power	P	2011-11-02	2014-01-22
b	15 SHS Avalon Bay Comm Inc	P	2009-03-30	2014-01-22
c	32 SHS Travelers	P	2011-09-08	2014-01-22
d	19 SHS NCR Corp	P	2013-08-13	2014-01-22
e	13 SHS Sanofi Adr	P	2013-03-25	2014-01-22
	12 SHS American Express	P	2009-10-22	2014-02-05
	6 SHS Honeywell International	P	2012-02-09	2014-02-05
	33 SHS NCR Corp	P	2013-08-13	2014-02-19
	12 SHS Reynolds American	P	2013-12-04	2014-02-19
	39 SHS The ADT Corp	P	2013-11-19	2014-02-05
	39 SHS Aflac Inc	P	2012-11-30	2014-03-31
	43 SHS At&T	P	2001-11-21	2014-03-13
	174 SHS General Electric	P	2009-08-22	2014-03-13
	3 SHS Union Pacific	P	2009-11-09	2014-03-13
	146 SHS Wells Fargo	P	2004-10-19	2014-03-13
	21 SHS AT&T	P	2013-03-25	2014-03-13
	32 SHS Coach Inc	P	2013-03-25	2014-03-13
	16 SHS Goldman Sachs	P	2009-04-15	2014-04-30
	8 SHS Phillips 66	P	2012-08-07	2014-04-30
	61 SHS Exxon Moble	P	2013-12-26	2014-04-30
	29 SHS Gilead Science	P	2012-04-18	2014-05-09
	48 SHS Macy's Inc	P	2011-12-12	2014-05-15
	3 SHS Union Pacific	P	2009-11-09	2014-05-09
	21 SHS Covidien PLC	P	2009-01-13	2014-06-18
	74 SHS EMC	P	2012-11-30	2014-06-12
	46 SHS Freeport McMoran	P	2009-05-14	2014-06-18
	12 SHS Gilead Science	P	2012-04-18	2014-06-12
	19 SHS Lyondllbasell NV	P	2012-06-20	2014-06-27
	12 SHS Union Pacific	P	2009-11-09	2014-06-27
	18 SHS American Tower	P	2014-01-22	2014-06-27
	20 SHS Cameron Intnl	P	2013-11-04	2014-06-03
	9 SHS CF Industries	P	2013-09-09	2014-06-12
	83 SHS Delta Air Lines	P	2013-09-09	2014-06-12
	46 SHS EMC	P	2013-07-12	2014-06-12
	43 SHS Lions Gate Ent	P	2014-04-30	2014-06-27
	13 SHS Prudential Financial	P	2014-03-31	2014-06-03
	40 SHS United Continential Hldg	P	2014-01-22	2014-06-03
	10 SHS Washington Prime Gp	P	2013-10-16	2014-06-03
	2 SHS Ace LTD	P	2011-04-26	2014-07-15
	2 SHS American Express	P	2011-08-23	2014-07-15
	11 SHS Anadarko Pete	P	2011-10-21	2014-07-15
	4 SHS Boeing	P	2010-01-21	2014-07-15
	11 SHS Caterpillar	P	2013-03-25	2014-07-15
	6 SHS Chevron Corp	P	2011-10-21	2014-07-15
	18 SHS Citigroup Inc	P	2011-10-21	2014-07-15
	6 SHS Comcast Corp	P	2012-01-11	2014-07-15
	8 SHS Conoco Phillips	P	2010-05-27	2014-07-15
	2 SHS Covidien Plc	P	2010-06-17	2014-07-15
	24 SHS CVS	P	2010-06-09	2014-07-15
	40 SHS Disvover Financial	P	2013-03-25	2014-07-08
	18 SHS Eaton Corp	P	2012-12-03	2014-07-15
	32 SHS Edison Intl	P	2012-10-26	2014-07-15
	2 SHS Gilead Science	P	2012-05-10	2014-07-15
	2 SHS Honeywell Intl	P	2012-02-09	2014-07-15
	72 SHS Intel Corp	P	2013-07-12	2014-07-15
	12 SHS Invesco LTD	P	2013-05-15	2014-07-15
	30 SHS JP Morgan Chase	P	2004-10-09	2014-07-08
	3 SHS Lyondellbasell NV	P	2012-07-11	2014-07-15
	99 SHS Marathon Oil	P	2013-01-28	2014-07-08
	11 SHS Merck & Co	P	2008-10-31	2014-07-15
	9 SHS Metlife	P	2013-07-12	2014-07-15
	70 SHS Morgan Stanley	P	2013-05-15	2014-07-15
	3 SHS Nestle Spon Adr	P	2008-10-31	2014-07-15
	5 SHS Occidental Petroleum	P	2008-10-31	2014-07-15
	52 SHS Pfizer	P	2008-10-31	2014-07-15
	4 SHS Phillips 66	P	2012-08-07	2014-07-15
	5 SHS PNC Fin Services	P	2013-01-28	2014-07-15
	5 SHS Qualcomm Inc	P	2013-06-03	2014-07-15
	47 SHS Regions Fin Corp	P	2012-02-22	2014-07-15
	13 SHS Roche Holdings	P	2013-01-28	2014-07-15
	5 SHS Sanofi Adr	P	2013-03-25	2014-07-15
	11 SHS Shire Plc Adr	P	2013-06-03	2014-07-15
	3 SHS Stryker Corp	P	2013-03-25	2014-07-15
	6 SHS Suntrust Bks	P	2013-06-03	2014-07-15
	4 SHS Thermo Fisher Scientific	P	2008-12-12	2014-07-15
	2 SHS Union Pacific	P	2009-11-09	2014-07-15
	3 SHS United Technologies	P	2008-10-31	2014-07-15
	23 SHS Walt Disney	P	2011-02-24	2014-07-15
	1 SHS Affiliated Mgrs Gp	P	2014-04-30	2014-07-15
	44 SHS Allstate Corp	P	2014-01-22	2014-07-08
	32 SHS Apple Inc	P	2013-10-13	2014-07-15
	67 SHS Bank of America	P	2013-11-19	2014-07-15
	6 SHS CH Robinson Worldwide	P	2014-06-12	2014-07-15
	22 SHS Corning	P	2013-08-13	2014-07-15
	4 SHS Devon Energy	P	2014-04-30	2014-07-15
	9 SHS Eaton Corp	P	2014-03-31	2014-07-31
	5 SHS Emerson Electric	P	2014-03-13	2014-07-15
	34 SHS Ericsson Tel	P	2014-02-19	2014-07-15
	5 SHS Exxon Moble	P	2014-06-27	2014-07-15
	5 SHS Home Depot	P	2014-06-12	2014-07-15
	22 SHS Intel Corp	P	2014-12-26	2014-07-23
	14 SHS Marathon Oil	P	2014-06-03	2014-07-08
	2 SHS Mohawk Ind	P	2014-11-19	2014-07-15
	2 SHS Reynolds American	P	2013-12-04	2014-07-15
	1 SHS Shire Plc	P	2013-11-04	2014-07-15
	3 SHS Syngenta Ag	P	2014-07-08	2014-07-15
	7 SHS TJX Cos Inc	P	2014-05-15	2014-07-15
	8 SHS Union Pacific	P	2013-10-16	2014-07-31
	43 SHS Volfswagen Ag	P	2013-08-13	2014-07-09
	9 SHS XL Group	P	2014-07-08	2014-07-15
	22 SHS Conoco Phillips	P	2010-06-17	2014-08-14
	27 SHS Invesco LTD	P	2013-05-15	2014-08-22
	6 SHS Lyondellbasell NV	P	2012-07-11	2014-08-29
	35 SHS Morgan Stanley	P	2013-05-15	2014-08-05
	72 SHS Pfizer	P	2008-11-20	2014-08-19
	9 SHS Sempra Energy	P	2010-04-30	2014-08-27
	11 SHS Walt Disney	P	2011-06-16	2014-08-27
	8 SHS Apple Inc	P	2013-10-16	2014-08-29
	96 SHS Bank of America	P	2013-11-19	2014-08-29
	17 SHS Mohawk Industries	P	2013-11-19	2014-08-05
	19 SHS Boeing	P	2010-01-21	2014-09-16
	19 SHS Dollar Gen Corp	P	2013-06-18	2014-09-25
	45 SHS Morgan Stanley	P	2013-06-18	2014-09-22
	45 SHS Pfizer	P	2010-09-09	2014-09-22
	98 SHS rgions Fin Corp	P	2014-02-22	2014-09-16
	16 SHS Apple Inc	P	2013-10-16	2014-09-04
	11 SHS Boeing	P	2014-02-19	2014-09-16
	19 SHS Morgan Stanley	P	2014-02-19	2014-09-22
	17 SHS Pfizer	P	2014-03-31	2014-09-22
	22 SHS American Express	P	2011-08-23	2014-10-01
	23 SHS Citigroup	P	2011-10-21	2014-10-20
	26 SHS Conoco Phillips	P	2012-06-20	2014-10-10
	9 SHS Covidien PLC	P	2010-06-17	2014-10-09
	7 SHS CVS	P	2010-11-01	2014-10-09
	11 SHS Gilead Science	P	2012-05-10	2014-10-15
	38 SHS Investco LTD	P	2013-06-18	2014-10-24
	59 SHS Metlife	P	2013-07-12	2014-10-15
	6 SHS Public Storage	P	2012-07-11	2014-10-20
	107 SHS Regions Financial Corp	P	2012-03-20	2014-10-10
	45 SHS Sanofi ADR	P	2013-03-25	2014-10-30
	5 SHS Sempra Energy	P	2010-04-30	2014-10-09
	84 SHS Suntrust Bks	P	2013-06-03	2014-10-01
	23 SHS Altria Gp	P	2014-07-14	2014-10-15
	31 SHS Conoco Phillips	P	2014-04-30	2014-10-20
	11 SHS Covidien PLC	P	2014-05-09	2014-10-09
	20 SHS CSX Corp	P	2014-07-31	2014-10-20
	167 SHS Ericsson Tel	P	2014-02-17	2014-10-20
	8 SHS Gilead Science	P	2013-11-04	2014-10-20
	14 SHS Metlife	P	2014-03-31	2014-10-15
	129 SHS Regions Financial Corp	P	2014-03-31	2014-10-20
	36 SHS Reynolds American	P	2013-12-04	2014-10-01
	12 SHS Simon Pty Gp	P	2013-10-16	2014-10-06
	10 SHS Citigroup	P	2011-10-21	2014-11-10
	51 SHS Comcast	P	2012-01-11	2014-11-13
	47 SHS Corning	P	2013-08-13	2014-11-17
	1 SHS Investco LTD	P	2013-07-12	2014-11-17
	10 SHS Occidential Petroleum	P	2008-10-31	2014-11-28
	17 SHS CH Robinson Worldwide	P	2014-06-12	2014-11-17
	7 SHS Corning	P	2013-12-04	2014-11-17
	14 SHS Devon Energy Corp	P	2014-04-30	2014-11-17
	19 SHS International Paper	P	2014-09-12	2014-11-24
	36 SHS Investco LTD	P	2013-12-26	2014-11-17
	24 SHS Royal Caribbean Cruises	P	2014-10-20	2014-11-05
	18 SHS TJX Cos	P	2014-05-15	2014-11-05
	6 SHS Anadarko Pete	P	2011-10-21	2014-12-23
	15 SHS California Res Corp	P	2013-05-15	2014-12-04
	11 SHS Chevron corp	P	2011-10-21	2014-12-11
	36 SHS Corning	P	2013-12-04	2014-12-08
	12 SHS CVS	P	2010-11-01	2014-12-23
	19 SHS Lyondellbasell NV	P	2012-07-11	2014-12-04
	25 SHS Nestle Spon Adr	P	2008-10-31	2014-12-23
	19 SHS Occidential Petroleum	P	2009-03-30	2014-12-04
	6 SHS PNC Fin	P	2013-01-28	2014-12-23
	13 SHS California Res Corp	P	2014-06-12	2014-12-04
	123 SHS Corning	P	2014-01-22	2014-12-08
	9 SHS Devon Energy Corp	P	2014-04-30	2014-12-04
	39 SHS Emerson Electric	P	2014-03-13	2014-12-17
	29 SHS Oracle Corp	P	2014-10-15	2014-12-23
	3214.728 SHS Fidelity Adv New Insight	P	2006-02-03	2014-10-28
	466.992 SHS Oppenheimer Dev Mks	P	2010-11-02	2014-10-28
	1844.348 SHS Fidelity Adv New Insight	P	2013-12-13	2014-10-28
	1.939 SHS Oppenheimer Dev Mks	P	2013-12-06	2014-10-28
	Mutual Fund Capital Gain Distribution	P	2006-02-03	2014-12-12

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,091	890	201
b	1,828	1,486	342
c	2,707	1,707	1,000
d	706	696	10
e	671	650	21
	1,005	464	541
	538	360	178
	1,101	1,114	-13
	573	606	-33
	1,162	1,642	-480
	2,453	2,058	395
	1,398	1,303	95
	4,491	3,068	1,423
	567	186	381
	7,197	3,112	4,085
	683	766	-83
	1,563	1,686	-123
	2,548	2,152	396
	671	326	345
	6,164	6,116	48
	2,298	678	1,620
	2,715	1,709	1,006
	566	186	380
	1,893	730	1,163
	1,969	1,803	166
	1,585	1,306	279
	969	296	673
	1,850	776	1,074
	1,192	372	820
	1,602	1,519	83
	1,271	1,101	170
	2,132	1,761	371
	3,235	1,957	1,278
	1,198	1,166	32
	1,231	1,129	102
	1,109	1,099	10
	1,891	1,909	-18
	198	190	8
	210	131	79
	189	91	98
	1,210	857	353
	517	238	279
	1,202	950	252
	776	630	146
	889	540	349
	329	153	176
	678	334	344
	181	77	104
	1,864	745	1,119
	2,511	1,798	713
	1,262	919	343
	1,807	1,548	259
	178	51	127
	192	120	72
	2,449	1,715	734
	457	414	43
	1,707	1,152	555
	296	116	180
	3,918	3,370	548
	638	351	287
	505	439	66
	2,241	1,721	520
	230	116	114
	498	276	222
	1,582	928	654
	324	163	161
	441	309	132
	397	314	83
	505	275	230
	487	356	131
	257	250	7
	2,750	1,089	1,661
	248	193	55
	245	192	53
	472	119	353
	993	310	683
	345	165	180
	1,980	927	1,053
	205	196	9
	2,576	2,391	185
	3,078	2,290	788
	1,060	1,020	40
	386	371	15
	483	333	150
	306	281	25
	616	675	-59
	337	320	17
	392	430	-38
	512	506	6
	400	395	5
	758	564	194
	553	515	38
	264	281	-17
	118	101	17
	1,268	672	596
	218	223	-5
	378	408	-30
	790	626	164
	2,150	2,091	59
	307	297	10
	1,769	1,162	607
	1,077	931	146
	684	231	453
	1,108	874	234
	2,086	1,104	982
	931	445	486
	990	405	585
	820	573	247
	1,539	1,461	78
	2,222	2,363	-141
	2,400	1,208	1,192
	1,168	982	186
	1,584	1,182	402
	1,352	1,043	309
	1,004	597	407
	1,575	1,145	430
	1,642	1,664	-22
	669	557	112
	511	544	-33
	1,888	1,114	774
	1,159	690	469
	1,800	1,417	383
	842	344	498
	577	210	367
	1,074	282	792
	1,441	1,261	180
	2,769	2,881	-112
	1,035	860	175
	1,010	691	319
	2,033	2,292	-259
	534	247	287
	2,460	2,132	328
	1,044	962	82
	2,131	2,310	-179
	1,030	789	241
	669	603	66
	1,917	2,167	-250
	816	562	254
	657	739	-82
	1,182	1,395	-213
	2,120	1,803	317
	2,000	1,767	233
	538	300	238
	2,773	1,872	901
	955	711	244
	40	32	8
	796	555	241
	1,237	1,050	187
	142	117	25
	886	982	-96
	1,026	942	84
	1,435	1,301	134
	1,609	1,464	145
	1,149	1,048	101
	507	448	59
	109	115	-6
	1,163	1,155	8
	759	602	157
	1,170	403	767
	1,521	1,115	406
	1,848	1,311	537
	1,559	1,460	99
	560	370	190
	92	110	-18
	2,592	2,451	141
	535	631	-96
	2,285	2,575	-290
	1,338	1,096	242
	62,397	44,284	18,113
	14,154	13,059	1,095
	47,603	43,514	4,089
	71	69	2
	24,966	0	24,966

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	0	0	0	201
b	0	0	0	342
c	0	0	0	1,000
d	0	0	0	10
e	0	0	0	21
	0	0	0	541
	0	0	0	178
	0	0	0	-13
	0	0	0	-33
	0	0	0	-480
	0	0	0	395
	0	0	0	95
	0	0	0	1,423
	0	0	0	381
	0	0	0	4,085
	0	0	0	-83
	0	0	0	-123
	0	0	0	396
	0	0	0	345
	0	0	0	48
	0	0	0	1,620
	0	0	0	1,006
	0	0	0	380
	0	0	0	1,163
	0	0	0	166
	0	0	0	279
	0	0	0	673
	0	0	0	1,074
	0	0	0	820
	0	0	0	83
	0	0	0	170
	0	0	0	371
	0	0	0	1,278
	0	0	0	32
	0	0	0	102
	0	0	0	10
	0	0	0	-18
	0	0	0	8
	0	0	0	79
	0	0	0	98
	0	0	0	353
	0	0	0	279
	0	0	0	252
	0	0	0	146
	0	0	0	349
	0	0	0	176
	0	0	0	344
	0	0	0	104
	0	0	0	1,119
	0	0	0	713
	0	0	0	343
	0	0	0	259
	0	0	0	127
	0	0	0	72
	0	0	0	734
	0	0	0	43
	0	0	0	555
	0	0	0	180
	0	0	0	548
	0	0	0	287
	0	0	0	66
	0	0	0	520
	0	0	0	114
	0	0	0	222
	0	0	0	654
	0	0	0	161
	0	0	0	132
	0	0	0	83
	0	0	0	230
	0	0	0	131
	0	0	0	7
	0	0	0	1,661
	0	0	0	55
	0	0	0	53
	0	0	0	353
	0	0	0	683
	0	0	0	180
	0	0	0	1,053
	0	0	0	9
	0	0	0	185
	0	0	0	788
	0	0	0	40
	0	0	0	15
	0	0	0	150
	0	0	0	25
	0	0	0	-59
	0	0	0	17
	0	0	0	-38
	0	0	0	6
	0	0	0	5
	0	0	0	194
	0	0	0	38
	0	0	0	-17
	0	0	0	17
	0	0	0	596
	0	0	0	-5
	0	0	0	-30
	0	0	0	164
	0	0	0	59
	0	0	0	10
	0	0	0	607
	0	0	0	146
	0	0	0	453
	0	0	0	234
	0	0	0	982
	0	0	0	486
	0	0	0	585
	0	0	0	247
	0	0	0	78
	0	0	0	-141
	0	0	0	1,192
	0	0	0	186
	0	0	0	402
	0	0	0	309
	0	0	0	407
	0	0	0	430
	0	0	0	-22
	0	0	0	112
	0	0	0	-33
	0	0	0	774
	0	0	0	469
	0	0	0	383
	0	0	0	498
	0	0	0	367
	0	0	0	792
	0	0	0	180
	0	0	0	-112
	0	0	0	175
	0	0	0	319
	0	0	0	-259
	0	0	0	287
	0	0	0	328
	0	0	0	82
	0	0	0	-179
	0	0	0	241
	0	0	0	66
	0	0	0	-250
	0	0	0	254
	0	0	0	-82
	0	0	0	-213
	0	0	0	317
	0	0	0	233
	0	0	0	238
	0	0	0	901
	0	0	0	244
	0	0	0	8
	0	0	0	241
	0	0	0	187
	0	0	0	25
	0	0	0	-96
	0	0	0	84
	0	0	0	134
	0	0	0	145
	0	0	0	101
	0	0	0	59
	0	0	0	-6
	0	0	0	8
	0	0	0	157
	0	0	0	767
	0	0	0	406
	0	0	0	537
	0	0	0	99
	0	0	0	190
	0	0	0	-18
	0	0	0	141
	0	0	0	-96
	0	0	0	-290
	0	0	0	242
	0	0	0	18,113
	0	0	0	1,095
	0	0	0	4,089
	0	0	0	2
	0	0	0	24,966

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	97,636
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3	9,749

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see 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	39,250	755,234	0.051971
2012	36,750	602,336	0.061012
2011	37,686	585,067	0.064413
2010	55,497	526,041	0.105499
2009	48,875	379,475	0.128796

2	Total of line 1, column (d) ......................	2	0.411691
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	0.082338
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	737,765
5	Multiply line 4 by line 3.......................	5	60,746
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,015
7	Add lines 5 and 6.........................	7	61,761
8	Enter qualifying distributions from Part XII, line 4..............	8	29,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,029
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	2,029
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,029
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a
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
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	28
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,057
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax0	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Yes

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

PAULINE MCCUE Telephone no. bullet

(508) 278-3694

Located at bullet

59 ElmdaleRoadMA ZIP+4 bullet

01569

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 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)

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

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2014?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

If "Yes," did it have excess business holdings in 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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (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
KENNETH JACKMAN	President 0.50	0	0	0
114 High Street Newburyport,MA01969	President 0.50	0	0	0
KENNETH REDDING	Treasurer 0.50	0	0	0
441 Blackstone Street Uxbridge,MA01569	Treasurer 0.50	0	0	0
PAULINE MCCUE	Secretary 2.00	2,200	0	0
50 Brookside Drive Uxbridge,MA01569	Secretary 2.00	2,200	0	0
BARRY P MCCLOSKEY	Director 0.50	0	0	0
216 Mendon Street Uxbridge,MA01569	Director 0.50	0	0	0
SCOTT FREITAS	Director 0.50	0	0	0
14 Anthonys Way Uxbridge,MA01569	Director 0.50	0	0	0
PETER LYNCH	Director 0.50	0	0	0
Elmdale Road Uxbridge,MA01569	Director 0.50	0	0	0
JENNIFER GALLO	Director 0.50	0	0	0
370 Elmwood Avenue Uxbridge,MA01569	Director 0.50	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1	Scholarships	29,000
2


3


4

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......................... bullet

Part X

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

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

purposes:

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

741,637

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

7,363

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

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

749,000

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

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

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

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

749,000

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

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

11,235

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

737,765

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

36,888

Part XI

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

and do not complete this part.)

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

Tax on investment income for 2014 from Part VI, line 5......

Income tax for 2014. (This does not include the tax from Part VI.)...

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

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

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

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

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

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

Part XII

Qualifying Distributions (see instructions)

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

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

29,000

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

29,000

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

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

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

29,000

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(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.......
b Total for prior years:20, 20, 20
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.........
4Qualifying distributions for 2014 from Part
XII, line 4: $ 29,000
a Applied to 2013, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions).........
d Applied to 2014 distributable amount.....
e Remaining amount distributed out of corpus		29,000
5 Excess distributions carryover applied to 2014.
(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		29,000
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............
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) .......
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		29,000
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....	29,000

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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2014	(b) 2013	(c) 2012	(d) 2011	(e) Total
	13,154	1,746		998	15,898
b 85% of line 2a .........	11,181	1,484		848	13,513
c Qualifying distributions from Part XII, line 4 for each year listed .....	29,000	39,250	36,750	37,686	142,686
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 ....	29,000	39,250	36,750	37,686	142,686
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(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...	24,592	22,718	20,078	19,502	86,890
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					0

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

OCEAN STATE POWER SCHLOARSHIP FOUND
PO Box 245
North Uxbridge,MA01538
(508) 278-3694

bThe form in which applications should be submitted and information and materials they should include:

ALL NECESSARY INSTRUCTIONS AND INFORMATION ON APPLICATION

cAny submission deadlines:

SUBMISSION DATES LISTED ON APPLICATION

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE STATEMENT 8

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

OCEAN STATE SCHOLARSHIP FOUNDATION
PO Box 392
Uxbridge,MA01569
(508) 278-3694

bThe form in which applications should be submitted and information and materials they should include:

ALL NECESSARY INSTRUCTIONS AND INFORMATION ON APPLIACATION

cAny submission deadlines:

SUBMISSION DATES LISTED ON APPLICATION

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE STATEMENT 8

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
KELLY COTTER 11 Buttermilk Way Uxbridge,MA01569	None	N/A	Scholarship	2,000
JOHN COTTER 11Buttermilk Way Uxbridge,MA01569	None	N/A	Scholarship	2,500
NICHOLAS LOVETT 175 Albee Road Uxbridge,MA01569	None	N/A	Scholarship	1,000
CHELSEA COTA 14 Taft street Ubridge,MA01569	None	N/A	Scholarship	1,250
CAROLYN COTE 18 Spinning Wheel Dr Uxbridge,MA01569	None	N/A	Scholarship	1,250
CASEY ROTA 310 Millville Road Uxbridge,MA01569	None	N/A	Scholarship	2,500
JENNIFER ROSA 20 Heritage Road Uxbridge,MA01569	None	N/A	Scholarship	2,000
EMILY DRYWA 5 Eastwood Heights Uxbridge,MA01569	None	N/A	Scholarship	1,000
ANNALIESE VANDERBAAN 300 Williams Street Uxbridge,MA01569	None	N/A	Scholarship	1,000
REBECCA BRULE 32 Hecla Street Uxbridge,MA01569	None	N/A	Scholarship	2,000
LIBBI RICHARDSON 10 Gray Lane Uxbridge,MA01569	None	N/A	Scholarship	2,500
TYLER NORMANDIN 16 Edgewood Drive Uxbridge,MA01569	None	N/A	Scholarship	1,250
ANDREW REARDON 5 Willard Drive Uxbridge,MA01569	None	N/A	Scholarship	1,875
MITCHELL GOLDMAN 16 Vine Street Uxbridge,MA01569	None	N/A	Scholarship	1,875
MELISSA TAYLOR 290 West River Road Uxbridge,MA01569	None	N/A	Scholarship	1,250
KEVIN DESJARDEN 239 Aldrich Street Uxbridge,MA01569	None	N/A	Scholarship	1,875
JULIA TURGEON 53 Eric Drive Uxbridge,MA01569	None	N/A	Scholarship	1,250
NICOLE SHERLOCK 11 South Garden Street Uxbridge,MA01569	None	N/A	Scholarship	625
Total ................................. 3a				29,000

bApproved for future payment
KEVIN DESJARDEN 239 Aldrich Street Uxbridge,MA01569	None	N/A	Scholarship	1,875
EMILY DRYWA 5 Eastwood Heights Uxbridge,MA01569	None	N/A	Scholarship	500
NICHOLAS LOVETT 175 Albee Road Uxbridge,MA01569	None	N/A	Scholarship	500
LIBBI RICHARDSON 10 Gray Lane Uxbridge,MA01569	None	N/A	Scholarship	1,250
ANNALIESE VANDERBAAN 300 Williams Street Uxbridge,MA01569	None	N/A	Scholarship	500
JOHN COTTER 11 Buttermilk Way Uxbridge,MA01569	None	N/A	Scholarship	3,750
CHELSEA COTA 11 Buttermilk Way Uxbridge,MA01569	None	N/A	Scholarship	1,875
CAROLYN COTE 18 Spinning Wheel Dr Uxbridge,MA01569	None	N/A	Scholarship	1,875
CASEY COTA 310 Millville Road Uxbridge,MA01569	None	N/A	Scholarship	3,750
ANDREW REARDON 5 Willard Drive Uxbridge,MA01569	None	N/A	Scholarship	9,375
MITCHELL GOLDMAN 16 Vine Street Uxbridge,MA01569	None	N/A	Scholarship	9,375
TYLER NORMANDIN 16 Edgewood Drive Uxbridge,MA01569	None	N/A	Scholarship	8,750
MELISSA TAYLOR 290 West River Road Uxbridge,MA01569	None	N/A	Scholarship	8,750
JULIA TURGEON 53 Eric Drive Uxbridge,MA01569	None	N/A	Scholarship	8,750
NICOLE SHERLOCK 11 South Garden Street Uxbridge,MA01569	None	N/A	Scholarship	4,375
Total ................................. 3b				65,250

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............
4 Dividends and interest from securities....			14	8,450
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	97,636
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)..				106,086

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

13106,086

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2014)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:
Part VI Line 7 - Tax Paid with the Original Return:	0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

Ocean State Power Scholarship Foundation Limited

EIN: 22-2908697

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Corporate Stocks	183,154	208,491

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

Ocean State Power Scholarship Foundation Limited

EIN: 22-2908697

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Mutual Funds		428,459	547,185

- TIN:

TY 2014 OtherExpensesSchedule

Name:

Ocean State Power Scholarship Foundation Limited

EIN: 22-2908697

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Postage	98		98
Advertising	22		22

- TIN:

TY 2014 TaxesSchedule

Name:

Ocean State Power Scholarship Foundation Limited

EIN: 22-2908697

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Federal Taxes	1,339	1,339
MA Taxes/Fees	50		50