TY 2014 Form 990PF

- TIN:

Form990-PF
Click to see attachment

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
THE SHEBA FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1225 CORPORATE BLVD Room/suite

City or town, state or province, country, and ZIP or foreign postal code
AURORA, IL60505

A Employer identification number

36-3976909

B Telephone number (see instructions)

(630) 851-6600

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

$30,135,771J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............	9,889,188
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	58		58
4	Dividends and interest from securities......	474,309		474,309
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,924,831
b	Gross sales price for all assets on line 6a 10,751,444
7	Capital gain net income (from Part IV, line 2)...			1,924,831
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	12,288,386		2,399,198
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,300	1,150	1,150
c	Other professional fees (attach schedule)....		96,530	96,350
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		33,835	12,653
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........	75			75
23	Other expenses (attach schedule).......		15,403	15,403
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	148,143		125,556	1,225
25	Contributions, gifts, grants paid........	2,731,100			2,731,100
26	Total expenses and disbursements. Add lines 24 and 25	2,879,243		125,556	2,732,325
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	9,409,143
b	Net investment income (if negative, enter -0-)			2,273,642
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	3,510,538	2,261,894	2,261,894
	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)	655,383	3,926,526	3,962,937
	b	Investments—corporate stock (attach schedule)........	11,218,853	15,965,689	18,969,815
	c	Investments—corporate bonds (attach schedule)........	1,262,926	2,204,065	2,574,362
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	1,706,065	1,865,877	2,366,763
	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)	18,353,765	26,224,051	30,135,771
	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.........	18,353,765	26,224,051
	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)......	18,353,765	26,224,051
	31	Total liabilities and net assets/fund balances (see instructions)..	18,353,765	26,224,051

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	18,353,765
2	Enter amount from Part I, line 27a.....................	2	9,409,143
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	27,762,908
5	Decreases not included in line 2 (itemize)	5	1,538,857
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	26,224,051

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	5000 GM	P	2014-04-28	2014-07-23
b	JP MORGAN ACCT 18935 COVERED ST	P	2014-01-11	2014-01-11
c	JP MORGAN ACCT 18935 COVERED LT	P	1989-01-01	2014-01-11
d	684.616 ASTON/FAIRPOINTE MIDCAP	P	2011-05-09	2014-12-08
e	18,081.116 CLEARBRIDGE APPRECIATION	P	1989-01-01	2014-10-09
	DELL INC	P	1989-01-01	2014-10-23
	1,243.390 DODGE & COX INTL STOCK FUND	P	2011-02-08	2014-12-08
	19,666.455 FMI LARGE CAP FUND	P	1989-01-01	2014-10-09
	2,062.485 JOHN HANCOCK II-EMG MKTS-I	P	2011-07-15	2014-02-04
	59,180.472 JPM GRWTH ADVANTAGE FD-SEL FUND	P	2010-09-13	2014-05-28
	16,174.067 JPM HIH YIELD FD - SEL FUND	P	1989-01-01	2014-10-09
	3,419.553 JPM INFLATION MGD BD FD - SEL FUND	P	2011-07-19	2014-01-24
	3,616.094 JPM INFLATION MGD BD FD - SEL FUND	P	2011-07-19	2014-10-09
	42,744.546 JPM INTL VALUE FD - INSTL FUND 1375	P	1989-01-01	2014-10-09
	2,330.567 JPM LARGE CAP GRWTH FD - SEL FUND 3118	P	1989-01-01	2014-10-09
	27,619.301 JPM STRAT INC OPP FD - SEL FUND	P	1989-01-01	2014-10-08
	28,957.346 JPM US LARGE CAP CORE PLUS FD - SEL FUND	P	2007-02-26	2014-10-09
	1,520.393 MANNING & NAPIER EQUITY SERI	P	2011-07-06	2014-02-24
	1,926.774 MANNING & NAPIER EQUITY SERI	P	2010-09-20	2014-03-05
	27,663.020 MANNING & NAPIER EQUITY SERI	P	1989-01-01	2014-10-09
	22,845.321 PRIMECAP ODYSSEY STOCK FUND	P	2011-10-20	2014-10-09
	Capital Gain Dividends

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	189,357	168,038	21,319
b	3,434,763	3,394,390	40,373
c	1,951,160	1,676,029	275,131
d	32,855	23,428	9,427
e	360,718	227,834	132,884
	139		139
	55,256	45,968	9,288
	424,795	291,514	133,281
	19,511	24,379	-4,868
	825,568	445,037	380,531
	128,422	124,839	3,583
	35,734	36,452	-718
	37,969	38,548	-579
	589,447	553,053	36,394
	76,559	50,574	25,985
	325,908	316,416	9,492
	847,871	560,325	287,546
	30,955	30,560	395
	39,788	33,005	6,783
	561,006	468,218	92,788
	512,421	318,006	194,415

			271,242

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			21,319
b			40,373
c			275,131
d			9,427
e			132,884
			139
			9,288
			133,281
			-4,868
			380,531
			3,583
			-718
			-579
			36,394
			25,985
			9,492
			287,546
			395
			6,783
			92,788
			194,415

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	1,924,831
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	61,692

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	2,551,121	17,778,760	0.14349
2012	2,751,159	15,732,681	0.17487
2011	1,280,830	15,605,622	0.08208
2010	1,782,302	14,387,385	0.12388
2009	1,532,050	12,574,532	0.12184

2	Total of line 1, column (d) ......................	2	0.64615
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	0.12923
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	24,432,798
5	Multiply line 4 by line 3.......................	5	3,157,475
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	22,736
7	Add lines 5 and 6.........................	7	3,180,211
8	Enter qualifying distributions from Part XII, line 4..............	8	2,732,325
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	45,473
	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
3	Add lines 1 and 2...........................	3	45,473
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	45,473
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	12,000
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	12,000
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	129
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	33,602
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 tax	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?................

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

KRISTINA SWANSON Telephone no. bullet

(630) 851-6600

Located at bullet

1225 CORPORATE BLVDAURORAIL ZIP+4 bullet

60505

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
SHELDON LAVIN	DIRECTOR/PRES. 2.00	0
2735 KELLY LN HIGHLAND PARK,IL60035	DIRECTOR/PRES. 2.00	0
STEVEN LAVIN	DIR/SEC/TREAS 1.00	0
2708 ARLINGTON HIGHLAND PARK,IL60035	DIR/SEC/TREAS 1.00	0
DEBORAH ROSENBERG	DIR/ASS'T SEC 1.00	0
1690 EDGEWOOD HIGHLAND PARK,IL60035	DIR/ASS'T SEC 1.00	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...................

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


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...................

20,064,153

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

4,740,718

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

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

24,804,871

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.........................

24,804,871

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

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

372,073

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

24,432,798

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

1,221,640

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....................

1,221,640

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

45,473

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

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

45,473

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

1,176,167

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

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

1,176,167

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

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

1,176,167

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 ..........

2,732,325

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

2,732,325

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..............

2,732,325

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			1,176,167
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.......	908,878
b From 2010.......	1,067,629
c From 2011.......	512,983
d From 2012.......	1,970,107
e From 2013.......	1,686,117
fTotal of lines 3a through e.........		6,145,714
4Qualifying distributions for 2014 from Part
XII, line 4: $ 2,732,325
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).........		0
d Applied to 2014 distributable amount.....			1,176,167
e Remaining amount distributed out of corpus		1,556,158
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		7,701,872
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) ...		908,878
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		6,792,994
10 Analysis of line 9:
a Excess from 2010....	1,067,629
b Excess from 2011....	512,983
c Excess from 2012....	1,970,107
d Excess from 2013....	1,686,117
e Excess from 2014....	1,556,158

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

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ...........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

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

1Information Regarding Foundation Managers:

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

SHELDON LAVIN

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 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)

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
JEWISH UNITED FUND 30 S WELLS CHICAGO,IL60606		N/A	CHARITABLE CAUSES CONSISTENT WITHJEWISH ETHICS	225,000
RONALD MCDONALD HOUSE CHARITIES ONE KROC DR OAK BROOK,IL60523		N/A	FAMILY ROOM PROGRAM AND GENERAL PROGRAMS FOR SUPPORT OF PARENTS OF CHLDREN NEEDING MAJOR MEDICAL CARE	805,000
RUSH UNIVERSITY MEDICAL CENTER 1700 WEST VAN BUREN SUITE 250 CHICAGO,IL60612		N/A	FOR CANCER CENTER AT NEW MEDICAL FACILITY	1,025,000
NAT'L MULTIPLE SCLEROSIS SOCIETY - 525 W MONROE ST CHICAGO,IL60661		N/A	MEDICAL RELATING TO MULTIPLE SCLEROSIS.	17,500
GOODMAN THEATRE 170 N DEARBORN CHICAGO,IL60601		N/A	Support performing arts	35,500
CYSTIC FIBROSIS FOUNDATION 150 N Michigan Ave CHICAGO,IL60601		N/A	MEDICAL RELATED TO CYSTIC FIBROSIS.	10,000
BOYS TOWN FATHER FLANAGANS BOYS HOME BOYS TOWN,NE68010		N/A	HELP AND GUIDANCE FOR TROUBLED OR AT-RISK YOUTH.	100
GOLDBERG CHARITABLE CORP 193 GROVE ST WELLESLEY,MA02482		N/A	DIFFERENT SECTORS OF THE FOOD INDUSTRY ARE REPRESENTED BY PROFESSORS WHO WORK TO MAKE DECISIONS IN DEVELOPING AND UTILIZING FOOD TECH IN THE MOST RESPONSIBLE MANNER.	25,000
JUNIOR ACHIEVEMENT OF CHICAGO 651 W WASHINGTON 104 CHICAGO,IL60661		N/A	EDUCATE LOCAL YOUTH ON THE IMPORTANCE OF WORK-READINESS, ENTREPRENEURSHIP AND FINANCIAL LITERACY.	2,000
CURE PANCREATIC CANCER 1111 STEWART AVE BETHPAGE,NY11714		N/A	PANCREATIC CANCER RESEARCH	1,000
GLOBAL GREEN USA 2218 Main Street 2nd Floor SANTA MONICA,CA90405		N/A	advancing smart solutions to climate change that improve lives and protect the planet.	5,000
NORTHSHORE UNIVERSITY HEALTHSYSTEM 1033 UNIVERSITY PLACE EVANSTON,IL60201		N/A	ADVANCE MEDICAL CARE WITH EMPHASIS ON PANCREATIC CANCER RESEARCH	500,000
AMERICAN TECHNION SOCIETY 55 E 59TH ST NEW YORK,NY10022		N/A	FUNDS 2-YEAR MASTER'S DEGREE FELLOWSHIPS FOR VARIOUS SCIENTIFIC FIELDS	80,000
Total ................................. 3a				2,731,100

bApproved for future payment

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

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 ............			14	58
4 Dividends and interest from securities....			14	474,309
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	1,924,831
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)..				2,399,198

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

132,399,198

(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:	14000265
Software Version:	2014v5.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

THE SHEBA FOUNDATION

Employer identification number

36-3976909

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization THE SHEBA FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	SHELDON LAVIN 2735 KELLY LANE HIGHLAND PARK, IL60035	$9,889,188	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization THE SHEBA FOUNDATION

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
THE SHEBA FOUNDATION

Employer identification number

36-3976909

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:	14000265
Software Version:	2014v5.0

- TIN:

TY 2014 AccountingFeesSchedule

Name:

THE SHEBA FOUNDATION

EIN: 36-3976909

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE	2,300	1,150	0	1,150

- TIN:

TY 2014 InvestmentsCorpBondsSchedule

Name:

THE SHEBA FOUNDATION

EIN: 36-3976909

Software ID:14000265

Software Version:2014v5.0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
JPM STR INC
DOUBLELINE FDS	353,398	345,942
JPM HIGH YIELD FD
JPM TR I INFL MANAGED BD
JPM CORE BOND FD	1,062,572	1,067,365
HSBC FIN CORP 5%	91,080	91,816
BARCLAYS BK 3.25%	250,000	251,358
GENERAL ELECTRIC 5.375%	156,417	161,222
BOEING CO	290,598	656,659

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

THE SHEBA FOUNDATION

EIN: 36-3976909

Software ID:14000265

Software Version:2014v5.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
8,000 SHARES COMERICA, INC @MORGAN 19007	22,480	374,720
1,000 MCDONALD'S JAPAN @M0RGAN 19007	29,260	22,031
31,312 MB FINANCIAL BANK @MORGAN 19007	150,091	1,028,912
FMI FDS INC
JPM TR I GROWTH ADVANTAGE FD
JPM US LRGE CAP CORE PLUS
MANNING & NAPIER FUND INC
NEUBERGER BERMAN MULTI CAP
PRIMECAP ODYSSEY FUNDS
SPDR S&P 500 ETF	1,388,773	2,049,439
ASTON OPTIMUM
ISHARES RUSSEL MIDCAP	257	501
ISHARES CORE S&P	621,842	962,920
CAPITAL PRIVATE CLIENT SVCS
DODGE & COX INTL STK FD	593,964	806,763
ISHARES MSCI EAFE	1,285,950	1,254,521
OAKMARK INTL FD	634,103	598,079
JPM INTL VALUE FD
PIMCO COMMODITY STRAT	824,928	571,206
VANGUARD FTSE EUROPE
COLUMBIA ASIA PAX	1,009,084	1,077,500
ISHARES MSCI ALL COUNTRY ASIA
JPM GLOBAL RES ENH INDEX FD	1,235,887	1,354,878
JOHN HANCOCK II EMG MKTS I
JPM CHINA REGION FD	148,091	177,362
ALEXION PHARMACEUTICALS	14,401	15,543
ALLY FINANCIAL	19,999	22,014
AMAZON COM	17,065	16,759
AMERICAN INTERNATIONAL GROUP	21,208	23,524
BERKSHIRE HATHAWAY	6,322	6,907
BEST BUY	13,386	16,333
BIOGEN IDEC INC	19,634	20,706
CAPITAL ONE FINANCIAL GROUP	19,420	19,647
CABOT OIL & GAS CORP	6,871	6,810
DISH NETWORK CORP	22,287	25,584
DR PEPPER SNAPPLE GROUP INC	8,892	9,892
EDISON INTERNATIONAL	8,757	10,018
EXXON MOBIL CORP	19,130	19,230
FACEBOOK INC	31,382	32,378
GILEAD SCIENCES	26,924	23,848
GOOGLE INC	39,811	37,374
JOHN HANCOCK L/C EQUITY	490,331	513,349
JOHNSON & JOHNSON	15,147	15,476
KANSAS CITY SOUTHERN INDUSTRIES	27,295	28,799
KINDER MORGAN INC	10,682	12,270
KOHLS CORP	17,399	18,556
LOEWS CORP	25,352	25,926
MARTIN MARIETTA MATERIALS	6,933	6,509
MASTERCARD INC	23,814	27,657
PARNASSUS EQUITY INCOME FUND	441,446	516,491
PROCTER & GAMBLE CO	12,895	14,028
RAYONIER INC	9,504	8,354
ROCK-TENN CO	6,506	8,476
SALESFORCE.COM	1,660	1,720
SALIX PHARMACEUTICALS	17,214	14,023
SCHLUMBERGER LTD	6,569	5,893
STARBUCKS CORP	14,550	16,000
T ROWE PRICE GROUP	20,111	22,667
THE PRICELINE GROUP	22,180	22,804
UNITED TECHNOLOGIES CORP	12,403	14,260
VMWARE INC	13,697	12,956
WELLS FARGO & CO	25,203	26,917
ASTON/FAIRPOINTE MIDCAP	361,572	490,294
MFS INTL VALUE	201,315	207,421
T ROWE PRICE OVERSEAS STOCK	1,002,809	1,014,979
BROWN ADV JAPAN ALPHA	146,454	157,776
T ROWE PRICE NEW ASIA	761,550	738,187
US TREAS 1%	60,468	60,429
ADMIRAL GROUP PLC	134,017	119,227
CREDIT SUISSE GP	164,779	137,940
MUENCHENER RUECK-UNSPONS	150,525	148,800
TATE & LYLE PLC	125,863	103,888
VERIZON COMMUNICATIONS	123,059	114,658
BIG LOTS INC	167,453	230,435
CVS HEALTH CORP	238,451	307,229
CALIFORNIA RES CORP	8,351	5,797
CISCO SYSTEMS	260,303	317,564
WALT DISNEY	135,456	156,355
DUKE ENERGY CORP	69,884	81,034
ENCANA CORPS	246,596	167,411
GNC HOLDINGS	37,052	46,490
HELMERICH & PAYNE	281,266	469,580
KONINKLIJKE AHOLD	67,589	68,916
MICROSOFT CORP	180,941	293,889
NOBLE ENERGY	36,909	25,138
OCCIDENTAL PETE CORP	231,287	212,004
PNC FINL SVCS	60,014	65,686
PRICELINE GROUP	231,445	225,762
ROYAL DUTCH SHELL	70,135	59,586
TEXAS INSTRUMENTS	137,263	195,682
VERIZON COMMUNICATIONS	246,088	232,964
VISA INC	274,818	287,896
BARCLAYS BK PLC	100,634	103,240
MERRILL LYNCH PFD CAP	94,277	102,120
MERRILL LYNCH PFD CAP	95,976	102,908

- TIN:

TY 2014 InvestmentsGovtObligationsSch

Name:

THE SHEBA FOUNDATION

EIN: 36-3976909

Software ID:14000265

Software Version:2014v5.0

US Government Securities - End of Year Book Value:

3,676,484

US Government Securities - End of Year Fair Market Value:

3,705,565

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

250,042

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

257,372

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

THE SHEBA FOUNDATION

EIN: 36-3976909

Software ID:14000265

Software Version:2014v5.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AMERICAN FUNDS MUTUAL FUNDS	FMV	1,865,877	2,366,763

- TIN:

TY 2014 OtherDecreasesSchedule

Name:

THE SHEBA FOUNDATION

EIN: 36-3976909

Software ID:14000265

Software Version:2014v5.0

Description	Amount

- TIN:

TY 2014 OtherExpensesSchedule

Name:

THE SHEBA FOUNDATION

EIN: 36-3976909

Software ID:14000265

Software Version:2014v5.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BOND PREMIUM AMORTIZATION	15,403	15,403

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

THE SHEBA FOUNDATION

EIN: 36-3976909

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	96,530	96,350	0	0

- TIN:

TY 2014 TaxesSchedule

Name:

THE SHEBA FOUNDATION

EIN: 36-3976909

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	12,653	12,653
FORM 990-PF	21,182