Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
Gene & Ruth Posner Foundation Inc
c/o Gimbel Reilly Guerin & Brown

Number and street (or P.O. box number if mail is not delivered to street address)330 East Kilbourn Avenue No 1170   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Milwaukee, WI532023146
A Employer identification number

39-6050150
B Telephone number (see instructions)

(414) 224-3648
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$8,855,188J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 36,554 36,554  
4 Dividends and interest from securities...... 125,300 125,300  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 664,652
b Gross sales price for all assets on line 6a 4,078,045
7 Capital gain net income (from Part IV, line 2)... 664,652
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 5,000 0  
12 Total. Add lines 1 through 11........ 831,506 826,506  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 84,034 84,034   0
b Accounting fees (attach schedule)....... Click to see attachment 6,540 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,466 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 57,178 57,178   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 152,218 141,212   0
25 Contributions, gifts, grants paid........ 484,134 484,134
26 Total expenses and disbursements. Add lines 24 and 25 636,352 141,212   484,134
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 195,154
b Net investment income (if negative, enter -0-) 685,294
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 189,577 257,960 257,960
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 4,349,043 Click to see attachment4,251,745 5,170,133
c Investments—corporate bonds (attach schedule)........ 551,919 Click to see attachment343,767 350,849
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,360,787 Click to see attachment2,794,340 3,076,246
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,332 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,452,658 7,647,812 8,855,188
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 7,452,658 7,647,812
30 Total net assets or fund balances (see instructions)...... 7,452,658 7,647,812
31 Total liabilities and net assets/fund balances (see instructions).. 7,452,658 7,647,812
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 7,452,658
2 Enter amount from Part I, line 27a..................... 2 195,154
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 7,647,812
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,647,812
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b Capital Gains Dividends P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 3,994,374   3,413,393 580,981
b 83,671     83,671
c
d
e
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       580,981
b       83,671
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 664,652
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 471,180 8,655,807 0.054435
2012 398,283 8,112,868 0.049093
2011 357,900 8,574,285 0.041741
2010 291,700 7,779,993 0.037494
2009 522,522 7,032,948 0.074296
2 Total of line 1, column (d) ...................... 2 0.257059
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 0.051412
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 9,066,749
5 Multiply line 4 by line 3....................... 5 466,140
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,853
7 Add lines 5 and 6......................... 7 472,993
8 Enter qualifying distributions from Part XII, line 4.............. 8 484,134
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 6,853
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 6,853
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,853
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 5,520
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 5,520
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,333
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletAttorney Joshua Gimbel Telephone no.bullet (414) 224-3648
    Located atbullet330 East Kilbourn Avenue Suite 1170MilwaukeeWI ZIP+4bullet532023146
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Frederic G Posner Director
    1.00     		0 0 0
    31450 Manitoba Drive
    Evergreen,CO804397045
    Barbara P Ward Director
    1.00     		0 0 0
    7 Fremont St
    Plymouth,MA02360
    Joshua L Gimbel Director
    2.00     		0 0 0
    330 East Kilbourn Avenue Suite 1170
    Milwaukee,WI532023146
    David Posner Director
    1.00     		0 0 0
    58 Parsonage Road
    Greenwich,CT06830
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,971,771
    b
    Average of monthly cash balances.......................
    1b
    233,050
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,204,821
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,204,821
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    138,072
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,066,749
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    453,337
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    453,337
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    6,853
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,853
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    446,484
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    5,000
    5
    Add lines 3 and 4............................
    5
    451,484
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    451,484
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    484,134
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    484,134
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    6,853
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    477,281
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 451,484
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 171,831
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013....... 49,396
    fTotal of lines 3a through e......... 221,227
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 484,134
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 451,484
    e Remaining amount distributed out of corpus 32,650
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 253,877
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		171,831
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		82,046
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013.... 49,396
    e Excess from 2014.... 32,650
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALS Association - Wisconsin Chapter
    3333 N Mayfair Road Suite 213
    Wauwatosa,WI53222     		None Public General operations 2,500
    Alverno College
    3400 S 43rd Street
    Milwaukee,WI53234     		None Public General operations 2,500
    American Pennies for Hunger Inc
    PO Box 6272
    Plymouth,MA02362     		None Public General operations 500
    Big Brothers Big Sisters of Metro Milwaukee Inc
    788 North Jefferson Street
    Milwaukee,WI532023739     		None Public General operations 5,000
    Boys and Girls Club of Milwaukee
    1558 N 6th St
    Milwaukee,WI532123845     		None Public General operations 30,000
    Center for the Arts Evergreen
    PO Box 1235
    Evergreen,CO80437     		None Public General operations 1,500
    Centro de le Communidad United Community Center
    1028 S 9th Street
    Milwaukee,WI53204     		None Public General operations 7,500
    Children's Cancer Research Fund
    1554 S Sepulveda Ave Suite 107
    Los Angeles,CA90025     		None Public General operations 2,500
    Children's Hospital of Wisconsin
    PO Box 1997 MS 3050
    Milwaukee,WI532011997     		None Public General operations 5,000
    COA Youth & Family Centers
    909 East North Avenue
    Milwaukee,WI53212     		None Public General operations 5,000
    Coallition for the Homeless
    149 Bishops Highway
    Kingston,MA02364     		None Public General operations 500
    College Possible
    1555 N River Center Drive Suite 211
    Milwaukee,WI53212     		None Public General operations 15,000
    Congregation Shalom - Rabbi Shapiro
    7630 N Santa Monica Blvd
    Milwaukee,WI53217     		None Public General operations 3,500
    Cranberry Hospice
    36 Cordage Park Circle Ste 326
    Plymouth,MA02360     		None Public General operations 1,500
    Democracy Now
    207 W 25th Street Floor 11
    New York,NY10001     		None Public General operations 1,000
    Discovery World at Pier Wisconsin
    500 N Harbor Dr
    Milwaukee,WI53202     		None Public General operations 15,000
    Doctors Without Borders
    PO Box 5030
    Hagerstown,MD217415030     		None Public General operations 1,500
    Electronic Frontier Foundation
    815 Eddy Street
    San Francisco,CA94109     		None Public General operations 100
    First Stage Children's Theater - Scholarship Fund
    325 W Walnut Street
    Milwaukee,WI53212     		None Public General operations 2,500
    Friends of Milwaukee Public Museum
    800 West Wells Street
    Milwaukee,WI532331478     		None Public General operations 2,500
    Friendship Circle
    8825 N Lake Drive
    Bayside,WI53217     		None Public General operations 7,334
    Guide Dog Foundation
    371 E Jericho Turnpike
    Smithtown,NY11787     		None Public General operations 100
    Hollywood High School
    1521 N Highland Avenue
    Los Angeles,CA90028     		None Public General operations 3,000
    Holocaust Education Resource Center
    1360 N Prospect Avenue
    Milwaukee,WI53202     		None Public General operations 4,000
    Hunger Task Force
    201 S Hawley Ct
    Milwaukee,WI53214     		None Public General operations 8,000
    International Society for Self-Directed Learning
    999 Ave H NE
    Winter Haven,FL33881     		None Public General operations 1,000
    Jewish Family Services
    1300 North Jackson Street
    Milwaukee,WI53202     		None Public General operations 5,000
    Jewish Museum of Milwaukee
    1360 N Prospect Avenue
    Milwaukee,WI53202     		None Public General operations 4,000
    Journey House
    2110 W Scott Street
    Milwaukee,WI53204     		None Public General operations 3,000
    Kenyan Children's Foundation
    PO Box 631116
    Highlands Ranch,CO801631116     		None Public General operations 1,000
    Kripalu Institute for Extraordinary Learning
    PO Box 793
    Lenox,MA01240     		None Public General operations 5,000
    Larchmont Charter School
    815 N El Centro Ave
    Los Angeles,CA90038     		None Public General operations 3,000
    Legal Aid Society of Milwaukee
    521 North Eight Street
    Milwaukee,WI53202     		None Public General operations 2,000
    Literacy Services of Wisconsin
    555 N Plankinton Avenue
    Milwaukee,WI53203     		None Public General operations 5,000
    Los Angeles County Museum of Art
    5905 Wilshire Blvd
    Los Angeles,CA90036     		None Public General operations 1,500
    Magical Moon Foundation Retreat
    575 Summer Street
    Marshfield,MA02050     		None Public General operations 1,000
    Marquette Law School
    PO Box 1881
    Milwaukee,WI53202     		None Public General operations 57,500
    Medical College of Wisconsin - Eye Institute
    8701 West Watertown Plank Rd
    Milwaukee,WI53226     		None Public General operations 30,000
    Milwaukee Art Museum
    750 North Lincoln Memorial Drive
    Milwaukee,WI53201     		None Public General operations 5,000
    Milwaukee Ballet
    504 West National Avenue
    Milwaukee,WI53204     		None public General operations 5,000
    Milwaukee Bar Association Foundation
    424 E Wells St
    Milwaukee,WI53202     		None Public General operations 12,000
    Milwaukee Center for Independence
    2020 West Wells Street
    Milwaukee,WI53233     		None Public General operations 8,000
    Milwaukee Film
    229 E Wisconsin Ave Suite 200
    Milwaukee,WI53202     		None Public General operations 3,000
    Milwaukee Jewish Home
    1414 N Prospect Avenue
    Milwaukee,WI53202     		None Public General operations 40,000
    Milwaukee Public Library Foundation
    814 W Wisconsin Avenue
    Milwaukee,WI53233     		None Public General operations 5,000
    Milwaukee Symphony - Ace Program
    700 N Water Street Suite 700
    Milwaukee,WI53202     		None Public General operations 5,000
    Milwaukee Symphony
    1101 North Market Street Suite 100
    Milwaukee,WI53202     		None Public General operations 5,000
    Mr Hollands Opus Foundation
    4370 Tujunga Avenue Suite 330
    Studio City,CA91604     		None Public General operations 5,000
    NCJW-HIPPY
    6922 North Belmont Lane
    Fox Point,WI53217     		None Public General operations 2,000
    Neighborhood House of Milwaukee
    2819 West Richardson Place
    Milwaukee,WI53204     		None public General operations 1,500
    Operation Dream
    PO Box 270604
    Milwaukee,WI53227     		None Public General operations 15,000
    Pearls for Teen Girls
    2100 N Palmer Street
    Milwaukee,WI532123220     		None Public General operations 7,100
    Pediatric Cancer Research Foundation
    9272 Jeronimo Road 122
    Irvine,CA92618     		None Public General operations 100
    Planned Parenthood
    434 W 33rd St
    New York,NY10001     		None Public General operations 500
    Plymouth Guild for the Arts Inc
    PO Box 4077
    Plymouth,MA02361     		None Public General operations 500
    Plymouth Philharmonic
    PO Box 3174
    Plymouth,MA02361     		None Public General operations 1,500
    Plymouth Public Library
    152 South St
    Plymouth,MA02360     		None Public General operations 500
    RCDS Development Fund
    Cedar Street
    Rye,NY10580     		None Public General operations 6,000
    Satsang Foundation
    18823 S Rochelle
    Cerritos,CA907036012     		None Public General operations 6,250
    SHARP Literacy Inc
    5775 N Glen Park Road Suite 202
    Milwaukee,WI53209     		None Public General operations 50,000
    Sky Islands - Blue Adobe Project
    3101 N Sabino Canyon Road
    Tucson,AZ85715     		None Public General operations 1,000
    Southern California Public Radio
    474 S Raymond Avenue
    Pasadena,CA91105     		None Public General operations 2,500
    Southern Exposure Immersions Inc
    PO Box 1235
    Westminster,CO80036     		None Public General operations 1,000
    SPARK Program
    251 Rhode Island Street Suite 205
    San Francisco,CA94103     		None Public General operations 1,000
    St Ann's Center
    2801 E Morgan Ave
    Milwaukee,WI54207     		None Public General operations 2,500
    Tanner Project Foundation
    15332 Antioch Street 325
    Pacific Palisades,CA90272     		None Public General operations 500
    The Art Connection
    551 Tremont Street
    Boston,MA02116     		None Public General operations 500
    The Harmony Project
    1165 Delaware Street
    Denver,CO80204     		None Public General operations 7,000
    The Nathan Hale Foundation
    34 Main Street Ext Suite 204
    Plymouth,MA02360     		None Public General operations 1,000
    The Spire Performing Center
    25 1/2 Court Street
    Plymouth,MA02360     		None Public General operations 500
    The WaterProject
    PO Box 3353
    Concord,NH033023353     		None Public General operations 100
    This American Life
    848 E Grand Avenue
    Chicago,IL60611     		None Public General operations 3,000
    United Performing Arts Fund
    929 N Water Street
    Milwaukee,WI53202     		None Public General operations 5,000
    United Way of Greater Milwaukee
    225 W Vine St
    Milwaukee,WI53212     		None Public General operations 5,000
    United Way of St Louis
    910 N 11th Street
    St Louis,MO631011081     		None Public General operations 100
    Urban Ecology Center
    1500 East Park Place
    Milwaukee,WI53211     		None Public General operations 1,000
    US Fund for Unicef
    125 Maiden Lane
    New York,NY10038     		None Public General operations 100
    Vince Lombardi Cancer FoundationSt Luke's Medical Center
    PO Box 341217
    Milwaukee,WI532341217     		None Public General operations 2,500
    Whitby School
    969 Lake Avenue
    Greenwich,CT06831     		None Public General operations 6,500
    Wisconsin Humane Society
    4500 W Wisconsin Avenue
    Milwaukee,WI53208     		None Public General operations 5,100
    Young Playwrights' Theater
    2437 Fifteenth Street NW 3rd Floor
    Washington,DC20009     		None Public General operations 6,250
    Zoological Society of Milwaukee
    10005 West Blue Mound Road
    Milwaukee,WI53226     		None Public General operations 1,500
    Total .................................bullet 3a 484,134
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 36,554  
    4 Dividends and interest from securities....     14 125,300  
    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 .............     		    18 664,652  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aRecovery of Prior Year Grant     01 5,000  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 831,506 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13831,506
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting fees 6,540 0   0

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY FIN CORP 50,801 54,972
    CA INC 0 0
    COSTCO WHSL CORP NEW SENIOR NOTES 42,416 43,772
    GENERAL ELEC CAP CORP MEDIUM TERM NTS 52,312 54,281
    HEWLETT PACKARD CO NTS 52,436 53,539
    INTEL CORP SR UNSECURED 0 0
    JOHNSON CTLS INC 0 0
    Jpmorgan Chase & Co46625HGY0 44,546 44,754
    MEDTRONIC INC SENIOR NOTES 0 0
    SHELL INTL FIN B V GTD NT 44,855 43,898
    WELLS FARGO & CO 56,401 55,633

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACADIA HEALTHCARE CO INC COM 8,612 16,833
    ACADIA HEALTHCARE CO INC COM 2,299 5,815
    ACCENTURE PLC IRELAND 0 0
    ACCURIDE CORPORATION 4,733 4,041
    ACTAVIS PLC 4,815 4,633
    Activision Blizzard, Inc.ATVI 29,163 35,565
    ACTUANT CORPORATION CL A 0 0
    ACUITY BRANDS INC 3,074 7,424
    ADT CORPORATION 9,971 11,268
    ADTRAN INC 10,431 9,832
    ADVANCE AUTO PARTS INC 8,005 9,079
    Affiliated Managers Group IncAMG 18,754 21,012
    ALBANY MOLECULAR RESEARCH INC 5,645 5,633
    ALIBABA GROUP LODING LTD 13,211 13,512
    ALLERGAN INC 6,875 11,692
    ALLIANCE DATA SYSTEM CORP 5,803 15,733
    ALLISON TRANSMISSION HOLDINGS INC 24,311 24,205
    AMAZON.COM INC 20,468 24,518
    AMAZON.COM INC 1,820 9,931
    American Airlines Group IncAAL 9,313 19,146
    American Express Co025816AW9 53,348 53,578
    American Public Education, Inc.APEI 0 0
    AMPHENOL CORP NEW-CL A 11,467 24,753
    ANN INC 2,973 6,858
    ANSYS INC 9,973 14,186
    Antero Resources 0 0
    APPLE INC 2,446 27,705
    Aramark Holdings 24,908 38,221
    ARCHER-DANIELS-MIDLAND CO 0 0
    Aston Lake Partners LASSO 190,077 189,121
    AT&T 38,287 38,636
    AT&T INC 10,991 10,883
    ATMI INC 0 0
    AUTOZONE INC 14,085 22,907
    B/E Aerospace Inc 6,108 8,297
    BAIDU INC 14,885 14,818
    BAKER HUGHES INC 4,667 4,766
    BancorpSouth Inc. 4,889 5,785
    BANK NEW YORK MELLON CORP 6,380 11,481
    Bank Of America Corporation 51,308 52,061
    Bankers Petroleum Ltd 5,164 5,046
    BB&T CORP 7,752 11,745
    BILL BARRETT CORPORATION 7,926 4,123
    BIOGEN IDEC INC 16,153 15,954
    BlackRock Strategic Income Opps Instl 265,144 264,582
    Boise Cascade Co 17,358 23,293
    Boston Private Financial Holdings Inc 7,875 10,480
    Boulder Brands Inc 5,890 5,497
    BRADY CORPORATION CL A 5,599 5,823
    BRIGGS & STRATTON CORP 5,107 4,901
    Bright Horizons Family Solutions Inc 0 0
    BRISTOL MYERS SQUIBB CO 16,343 16,469
    BUNGE LTD 7,684 12,636
    CABELAS INC 2,966 6,694
    CABOT OIL & GAS CORP 0 0
    CACI INTERNATIONAL INC-CL A 6,422 7,584
    Campus Crest Communities, Inc. 3,503 3,370
    CAPELLA EDUCATION COMPANY 6,332 10,159
    CAPITAL ONE FINANCIAL COR 9,756 15,519
    Cardinal Health Inc. 0 0
    CARPENTER TECHNOLOGY CORP 2,713 4,334
    CARTER'S INC 1,178 6,985
    Casey's General Stores, Inc.CASY 4,102 6,774
    CDW Corp 8,331 16,284
    CEDAR FAIR LP 0 0
    CELGENE CORP 17,391 36,019
    CELGENE CORP 45,073 45,158
    CENTENE CORP DEL 7,211 10,073
    CHARLES SCHWAB CORP NEW 19,685 36,922
    Checkpoint Systems, Inc. 6,431 6,975
    CHEESECAKE FACTORY INC 1,382 6,792
    CHEVRON CORPORATION 37,209 33,430
    China Mobile Ltd. 31,458 36,115
    CHIPOTLE MEXICAN GRILL INC CL A 7,671 24,642
    CISCO SYSTEMS INC 8,515 14,019
    CITIGROUP INC COM 32,946 36,524
    CITIZENS FINANCIAL GROUP INC COM 32,557 37,215
    COGNIZANT TECHNOLOGY SOLUTIONS CORP-CL A 11,771 18,326
    COLFAX CORPORATION 5,199 5,054
    COMMERCIAL VEHICLE GROUP INC 3,882 3,297
    COMMUNITY BANK SYSTEMS INC 3,004 4,919
    COMPASS MINERALS INTL INC 4,700 6,078
    CONTINENTAL BUILDING PRODUCTS INC 13,180 15,620
    CONTINENTAL RESOURCES INC 4,131 7,250
    Copa Holdings 0 0
    CORE LABORATORIES NV 16,050 17,570
    COSTCO WHOLESALE CORP-NEW 9,969 19,562
    COVANCE INC 6,156 11,630
    Covanta Holding Corporation 23,115 25,664
    Credit Suisse Commodity Ret Strat Instl 275,018 228,138
    CVS HEALTH CORPORATION 6,728 7,608
    DANAHER CORP 16,249 29,484
    DAVITA INC 10,465 23,025
    DELPHI AUTOMOTIVE PLC SHS US LISTED 0 0
    DEVON ENERGY CORPORATION NEW 11,511 12,242
    DeVry Education Group Inc 4,516 6,836
    Digital Realty Trust, Inc. 11,498 14,188
    DISCOVERY COMMUNICATIONS INC COM SER A 9,485 7,924
    DISCOVERY COMMUNICATIONS INC COM SER A 7,461 6,677
    DISCOVERY COMMUNICATIONS INC COM SER C 12,847 10,925
    DOMINOS PIZZA INC 980 6,592
    Dresser-Rand Group, Inc. 0 0
    Dun & Bradstreet Corporation 0 0
    Dunkin Brands Group Inc 0 0
    EBAY INC 0 0
    ECOLAB INC 7,233 7,734
    ECOLAB INC 16,209 23,517
    EMPIRE DISTRICT ELECTRIC CO 0 0
    ENDURANCE SPECIALTY HOLDINGS LTD 4,973 7,540
    ENTEGRIS INC 1,598 5,654
    Essent Group Ltd 14,596 17,586
    ESTEE LAUDER COMPANIES INC CL A 19,025 23,012
    ETHAN ALLEN INTERIORS INC 4,852 6,566
    Exelon CorpEXC 0 0
    EXPRESS SCRIPTS HOLDING COMPANY 22,083 38,017
    EXPRESS SCRIPTS HOLDING COMPANY 43,821 57,576
    FabrinetFN 12,083 10,839
    FACEBOOK INC-A 0 0
    FACEBOOK INC-A 17,077 20,441
    Fair Isaac Corp 1,775 9,616
    FAIRCHILD SEMICONDUCTOR INTL INC 0 0
    FASTENAL CO 24,098 24,541
    Financial Engines, Inc. 0 0
    FIRST INTERSTATE BANCSYSTEM INC CL A 7,189 10,766
    First Republic Bank (San Francisco, CA)FRC 0 0
    First Republic Bank (San Francisco, CA)FRC 13,551 16,574
    FLEETCOR TECHNOLOGIES INC 3,301 13,384
    FLUOR CORP NEW 0 0
    Fly Leasing Ltd. 15,318 13,150
    FMC TECHNOLOGIES INC 22,457 23,561
    FORD MOTOR CO 2,605 2,651
    FOSSIL INC 7,347 10,410
    Frank's International NVFI 23,097 15,449
    Fresh Del Monte Produce, Inc.FDP 0 0
    GARTNER INC 7,884 15,495
    GENESEE & WYOMING INC-CL A 1,908 4,316
    GENPACT LTD 13,505 16,980
    GILEAD SCIENCES INC 9,502 50,995
    GILEAD SCIENCES INC 20,375 26,204
    GILEAD SCIENCES INC 3,273 8,483
    GLACIER BANCORP INC-NEW 3,265 5,943
    GLAXOSMITHKLINE PLC SPONSORED ADR 29,089 22,738
    GOOGLE INC CL A 7,478 14,858
    GOOGLE INC CL A 1,770 4,245
    GOOGLE INC CL A 2,191 2,653
    GOOGLE INC CL C 22,796 36,322
    GOOGLE INC CL C 7,454 14,739
    Guidewire Software IncGWRE 0 0
    HAEMONETICS CORP-MASS 2,626 3,517
    HANOVER INSURANCE GROUP INC (THE) 5,518 9,129
    HARTFORD FINANCIAL SERVICES GROUP INC 0 0
    HAYNES INTERNATIONAL INC 9,900 9,409
    HCA HOLDINGS INC 4,392 4,330
    HELEN OF TROY LTD - BERMUDA 21,050 24,528
    HERMAN MILLER INC 4,385 5,621
    HESS CORPORATION 3,205 4,282
    Hollyfrontier Corp 0 0
    HORSEHEAD HOLDING CORP 15,529 15,039
    HOSPIRA INC 0 0
    Humana Inc 0 0
    ICON PLC 8,718 10,045
    IDEXX LABORATORIES CORP 7,790 9,341
    IMS HEALTH HOLDINGS INC COM 30,465 35,076
    INPEX CORPORATION UNSPONSORED ADR 17,054 15,722
    Integra LifeSciences Holdings, Inc. 5,041 6,020
    INTEL CORP 0 0
    INTREPID POTASH INC 6,380 4,331
    INTUITIVE SURGICAL INC NEW 18,919 33,852
    Invacare CorporationIVC 7,028 6,922
    iShares MSCI ACWI ex US IndexACWX 228,470 215,100
    ITC Holdings Corp 24,436 29,837
    JetBlue Airways Corporation 7,234 18,842
    JOHNSON CONTROLS INC 0 0
    Joy Global, Inc. 0 0
    JPMorgan Chase & Co 47,047 69,213
    Kansas City Southern, Inc. 5,773 9,762
    KBR, Inc. 12,072 7,983
    Kohl's Corp 0 0
    KONINKLIJKE AHOLD NV SPONSORED ADR NEW 0 0
    LATAM Airlines Group S.A. 0 0
    Leidos Holdings Inc 0 0
    LEVEL 3 COMMUNICATIONS INC 0 0
    LIFE TIME FITNESS INC 0 0
    LIFEPOINT HOSPITALS INC 3,257 6,544
    LINKEDIN CORP - A 0 0
    Lithia Motors, Inc. 0 0
    LKQ Corporation 0 0
    LSB Industries, Inc. 5,307 5,125
    Lumber Liquidators Holdings Inc 0 0
    LYONDELLBASELL INDUSTRIES NV CL A 0 0
    MAGELLAN HEALTH SERVICES INC 0 0
    Marin Software Inc 14,733 12,766
    MarketAxess Holdings, Inc. 0 0
    MASTEC INC 16,914 12,797
    MASTEC INC 7,796 5,788
    MASTERCARD INC 9,766 25,848
    MCGRAW HILL FINANCIAL INC 7,455 7,919
    MEAD JOHNSON NUTRITION COMPANY COMMON STOCK 16,976 28,352
    MEAD JOHNSON NUTRITION COMPANY COMMON STOCK 24,519 32,474
    Melco Crown Entertainment Ltd 0 0
    METLIFE INC 0 0
    MGIC Investment Corporation 2,754 8,323
    MGM Resorts International 0 0
    MICRON TECHNOLOGY INC 16,902 18,345
    Middleby Corporation 13,637 19,027
    Mondelez International Inc 29,743 37,669
    Monotype Imaging Holdings Inc. 5,358 5,535
    MOSAIC CO 12,415 12,052
    MURPHY USA INC 9,778 16,871
    NATIONAL HEALTH INVESTORS INC 3,247 5,177
    NATIONAL INSTRUMENTS CORP 10,941 12,374
    NETAPP INC 0 0
    NETFLIX COM INC 26,188 25,279
    NETSUITE INC 7,647 9,498
    NIELSEN HOLDINGS NV 23,814 30,864
    NORD ANGLIA EDUCATION INC 27,993 30,528
    Nucor Corp.NUE 0 0
    OLD DOMINION FREIGHT LINES INC 7,734 8,075
    OLD NATIONAL BANCORP-IND 5,544 5,089
    ORION ENGINEERED CARBONS SA 19,098 17,789
    OSHKOSH CORPORATION 2,608 2,676
    Pacific Rubiales Energy Corp. 0 0
    PANERA BREAD CO CL A 16,777 19,578
    PARK ELECTROCHEMICAL CORP 5,249 4,737
    PERRIGO COMPANY PLC 31,274 38,614
    PFIZER INC 11,346 15,668
    PGT, Inc. 4,182 5,682
    PHH CORP 0 0
    PHIBRO ANIMAL HEALTH CORP 22,690 43,350
    PHOTRONICS INC 11,049 11,144
    Plexus Corp. 5,611 6,346
    PNC Financial Services Group Inc 6,057 12,772
    Polycom, Inc. 0 0
    PowerShares CEF Income Composite 358,701 354,000
    Principal Financial Group 11,735 15,374
    PROGRESS SOFTWARE CORP 6,197 7,539
    PROSPERITY BANCSHARES INC 0 0
    QIWI PLCQIWI 0 0
    QUALCOMM INC 8,992 28,320
    QUEST DIAGNOSTICS INC 13,884 16,229
    Regeneron Pharmaceuticals, Inc. 19,896 28,307
    RENTOKIL INITIAL PLC SPONSORED ADR 20,838 19,604
    RF MICRO DEVICES INC 0 0
    ROBERT HALF INTERNATIONAL INC 13,779 15,237
    ROCHE HOLDING LTD SPONSORED ADR REPSTG ORD 0 0
    ROPER INDUSTRIES INC NEW 0 0
    ROYAL CARIBBEAN CRUISES LTD 5,652 15,250
    RTI INTERNATIONAL METALS INC 8,928 9,195
    RYDER SYSTEM INC 5,826 10,399
    SALESFORCE.COM INC 2,463 11,150
    SALESFORCE.COM INC 9,617 23,843
    SBA COMMUNICATIONS CORP CL A 11,709 23,703
    SCHLUMBERGER LTD 20,374 21,950
    Science Applications International Corp 0 0
    Scorpio Tankers, Inc. 11,441 10,150
    SELECTIVE INSURANCE GROUP INC 3,761 6,249
    Sensient Technologies Corporation 4,406 6,939
    SHERWIN WILLIAMS CO 7,622 8,154
    SOFTBANK CORP - UNSPON ADR 0 0
    SOUTHWEST AIRLINES CO 0 0
    Sprint Corp 0 0
    SPS Commerce, Inc. 0 0
    STARBUCKS CORP 8,201 12,143
    STARBUCKS CORP 11,543 19,446
    STARBUCKS CORP 16,832 29,702
    STATE BANK FINANCIAL CORPORATION 5,232 6,074
    STERICYCLE INC 4,632 10,355
    STERICYCLE INC 18,547 28,575
    STERLING BANCORP 5,819 6,457
    SUPER MICRO COMPUTER INC 5,617 5,685
    SUPERIOR ENERGY SERVICES INC 4,518 3,909
    SUPERVALU Inc 5,549 7,973
    TARGET CORP 29,075 38,183
    Target Corp87612EAV8 0 0
    TASER INTERNATIONAL INC 5,287 10,671
    TE CONNECTIVITY LTD 0 0
    TENNECO INC 1,178 6,963
    TERADATA CORP 10,303 9,915
    TERADYNE INC 10,812 11,538
    TESLA MOTORS INC 13,953 13,789
    Teva Pharmaceutical Industries Ltd 9,547 14,320
    The ADT Corporation 0 0
    THERMO FISHER SCIENTIFIC INC 29,483 72,042
    Thermon Group Holdings Inc 6,758 6,193
    TIDEWATER INC 14,099 10,080
    TITAN INTERNATIONAL INC-ILL 2,003 2,360
    TOTAL S.A. 1 ADR REPRESENTING 1 ORD SHS 18,282 19,917
    TRACTOR SUPPLY CO 7,909 19,311
    TREEHOUSE FOODS INC 1,598 5,474
    TRIMAS CORP NEW 5,763 7,635
    Tripadvisor Inc 8,770 6,047
    TRIPADVISOR INC 7,661 7,914
    Triple-S Management Corporation 12,593 16,307
    Tupperware Brands Corporation 0 0
    Tyler Technologies, Inc.TYL 8,395 11,382
    U S PHYSICAL THERAPY INC 2,111 5,161
    Unifi, Inc. 5,149 6,481
    UNION PACIFIC CORP 7,600 9,530
    UNIT CORP 10,695 6,513
    UNITED RENTALS INC 1,040 5,611
    UNITED RENTALS INC 4,129 4,692
    UNITED STATIONERS INC 16,178 17,918
    UNIVERSAL FOREST PRODUCTS INC 8,235 13,247
    URS CORPORATION 0 0
    VALEANT PHARMACEUTICALS INTL 0 0
    VCA ANTECH INC 3,218 7,950
    Vera Bradley, Inc.VRA 0 0
    VeriFone Systems, Inc.PAY 5,353 10,156
    VERISIGN INC 14,503 22,800
    Virtus Investment Partners, Inc.VRTS 0 0
    Visa, Inc.V 24,543 36,446
    WABTEC CORP 2,551 9,645
    Walgreen CompanyWAG 0 0
    WALGREENS BOOTS ALLIANCE INC COM 12,000 21,946
    WALTER INVESTMENT MANAGEMENT CORP 0 0
    Washington Federal Inc. 5,842 7,509
    WEATHERFORD INTERNATIONAL PLC 32,213 23,679
    WEBSTER FINANCIAL CORP 4,416 6,181
    Westinghouse Air Brake Technologies Corp 0 0
    Whole Foods Market, Inc. 28,840 29,244
    WILLBROS GROUP INC 4,313 4,157
    WORKDAY INC CL A 0 0
    YAHOO INC 17,915 25,609
    Yelp Inc 0 0
    ZALE CORP NEW 0 0
    ZAYO GROUP HOLDINGS INC 25,207 33,260
    ZIONS BANCORPORATION 5,019 4,904
    Zoetis Inc 29,011 39,329
    TRI POINTE HOMES INC COM 28,878 30,409

    TY 2014 InvestmentsOtherSchedule2
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN FUNDS NEW WORLD FUND F-2 AT COST 653,484 709,546
    BLACKROCK CREDIT ALLOCATION INCOME TRUST AT COST 101,894 96,900
    CBRE GROUP INC AT COST 9,672 10,070
    DODGE & COX INCOME FUND AT COST 104,024 103,492
    DODGE & COX INTERNATIONAL STOCK FUND AT COST 385,575 489,436
    EDUCATION REALTY TRUST INC COM NEW AT COST 5,807 6,696
    FELCOR LODGING TRUST INC AT COST 3,517 6,222
    First Industrial Realty Trust IncFR AT COST 2,833 7,155
    FPA CRESCENT FUND AT COST 265,504 365,758
    FRANKLIN STREET PROPERTIES CORP AT COST 4,659 4,773
    GOLDMAN SACHS GROUP INC AT COST 39,237 38,943
    Grandeur Peak Intl Opportunities Instl AT COST 319,738 298,490
    Israel ST Dlr Bd AT COST 100,000 100,000
    MCDERMOTT INTERNATIONAL INC AT COST 8,198 3,780
    NEUBERGER BERMAN HIGH INCOME BD FUND AT COST 46,044 44,303
    OAKMARK INTERNATIONAL SMALL CAP FUND CL I AT COST 235,439 281,912
    PIMCO Total Return Instl AT COST 0 0
    ROYAL BANK OF CANADA AT COST 55,849 55,611
    SUN COMMUNITIES INC AT COST 2,283 9,915
    TCW FDS INC AT COST 265,009 268,648
    TEMPLETON GLOBAL BOND FUND ADV AT COST 185,574 174,596

    TY 2014 LegalFeesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 84,034 84,034   0


    TY 2014 OtherAssetsSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Prepaid Federal Taxes 1,332 0  


    TY 2014 OtherExpensesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Agency and wire transfer fees 286 286   0
    Cleary Gull Agency fees 56,167 56,167   0
    Dues 725 725   0


    TY 2014 OtherIncomeSchedule2
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Recovery of Prior Year Grant 5,000   5,000


    TY 2014 TaxesSchedule
    Name:
    Gene & Ruth Posner Foundation Inc
    c/o Gimbel Reilly Guerin & Brown
    EIN: 39-6050150
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign taxes 4,466 0   0