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
JM McDonald Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside RdSuite 123Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

47-1431059
B Telephone number (see instructions)

(800) 839-1754
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$25,900,945J 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).............. 0
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 78 78  
4 Dividends and interest from securities...... 474,130 474,130  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,135,945
b Gross sales price for all assets on line 6a 7,769,410
7 Capital gain net income (from Part IV, line 2)... 2,135,945
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 5  
12 Total. Add lines 1 through 11........ 2,610,158 2,610,158  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 284 0 0 284
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 126,395 126,395    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 51,997      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,260     4,260
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 40,228 89   40,139
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 223,164 126,484 0 44,683
25 Contributions, gifts, grants paid........ 1,149,000 1,149,000
26 Total expenses and disbursements. Add lines 24 and 25 1,372,164 126,484 0 1,193,683
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,237,994
b Net investment income (if negative, enter -0-) 2,483,674
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.......... 1,933,250 647,202 647,202
3 Accounts receivable bullet2,617
Less: allowance for doubtful accounts bullet     2,617 2,617
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) 1,070,516 Click to see attachment1,818,821 1,815,482
b Investments—corporate stock (attach schedule)........ 15,548,459 Click to see attachment17,344,119 21,628,176
c Investments—corporate bonds (attach schedule)........ 1,825,199 Click to see attachment1,821,122 1,807,468
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 18,463    
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,395,887 21,633,881 25,900,945
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
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 20,395,887 21,633,881
30 Total net assets or fund balances (see instructions)...... 20,395,887 21,633,881
31 Total liabilities and net assets/fund balances (see instructions).. 20,395,887 21,633,881
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 20,395,887
2 Enter amount from Part I, line 27a..................... 2 1,237,994
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 21,633,881
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 21,633,881
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
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 7,769,410   5,633,465 2,135,945
b
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       2,135,945
b
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 2,135,945
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 1,145,412 23,317,266 0.049123
2012 1,127,718 21,520,823 0.052401
2011 1,044,531 21,465,329 0.048661
2010 945,573 20,257,066 0.046679
2009 949,727 18,036,967 0.052654
2 Total of line 1, column (d) ...................... 2 0.249518
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 0.049904
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 25,432,699
5 Multiply line 4 by line 3....................... 5 1,269,193
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 24,837
7 Add lines 5 and 6......................... 7 1,294,030
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,193,683
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 49,673
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  
3 Add lines 1 and 2........................... 3 49,673
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 49,673
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 40,700
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 9,002
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 49,702
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 29
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletCO, NE
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
    No
    .........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
    Dana AmundsonClick to see attachment Dir / Sec
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Donald C Berry JrClick to see attachment Dir / Treas
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Pamela CriswellClick to see attachment Dir
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Donald R McJunkinClick to see attachment Pres / Dir
    5.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Nancy J PalmerClick to see attachment VP / Dir
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Scott Michael PalmerClick to see attachment Dir
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Janet E StantonClick to see attachment VP / Dir / Sec*
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    Manning & Napier Advisors Inc Investment Mgt 60,911
    290 WOODCLIFF DRIVE
    FAIRPOINT,NY14450
    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)
    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.)
    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
    25,113,196
    b
    Average of monthly cash balances.......................
    1b
    706,803
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,819,999
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    25,819,999
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    387,300
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    25,432,699
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,271,635
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,271,635
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    49,673
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    49,673
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,221,962
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,221,962
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,221,962
    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
    1,193,683
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,193,683
    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
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,193,683
    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 1,221,962
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:2012, 2011, 2010  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 54,205
    b From 2010.......  
    c From 2011.......  
    d From 2012....... 86,878
    e From 2013....... 19,811
    fTotal of lines 3a through e......... 160,894
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,193,683
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 1,193,683
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 28,279 28,279
    (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 5 132,615
    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) ...     		25,926
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		106,689
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012.... 86,878
    d Excess from 2013.... 19,811
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    FOUNDATION SOURCE
    501 SILVERSIDE ROAD SUITE 123
    WILMINGTON,DE19809
    (800) 839-1754
    bThe form in which applications should be submitted and information and materials they should include:
    WWW.FSREQUESTS.COM/JMMCDONALD
    cAny submission deadlines:
    WWW.FSREQUESTS.COM/JMMCDONALD
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    WWW.FSREQUESTS.COM/JMMCDONALD
    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
    A PLACE FOR JAZZ LTD
    PO BOX 1059
    SCHENECTADY,NY12301     		N/A PC 2014 A Place For Jazz Programs 3,000
    ADIRONDACK CAROUSEL INC
    PO BOX 1059
    SARANAC LAKE,NY12983     		N/A PC Final Addition to our Catering Kitchen 2,000
    ADIRONDACK HISTORICAL ASSOCIATION
    PO BOX 99
    BLUE MOUNTAIN LAKE,NY12812     		N/A PC Upgrading the Adirondack Museum's Website 5,000
    ADIRONDACK THEATRE FESTIVAL INC
    PO BOX 3203
    GLENS FALLS,NY12801     		N/A PC 20th Anniversary Summer Season of Profesisonal Theatre 3,000
    BETTER HOUSING FOR TOMPKINS COUNTY INC
    950 DANBY RD STE 102
    ITHACA,NY14850     		N/A PC Operating Support 2,000
    CAMP ONSEYAWA INC
    C/O BRET VANZO 6265 DEAN PKWY
    ONTARIO,NY14519     		N/A PC Transportation and Sensory Equipment Fund 4,000
    CAMP TLC TOGETHER LIVING A CHALLENGE CORPORATION
    1 GARRETT PL APT 1I
    BRONXVILLE,NY10708     		N/A PC Camp Moki (Saratoga Springs) 3,000
    CAMPHILL GHENT INC
    2542 RTE 66
    GHENT,NY12075     		N/A PC Lightning Protection System Project 10,000
    CANCER HOPE NETWORK INC
    2 N RD
    WESTFIELD,NJ07930     		N/A PC Cancer Hope Network's Patient Matching and Support 5,000
    CAREERS FOR PEOPLE WITH DISABILITIES INC
    401 COLUMBUS AVE
    VALHALLA,NY10595     		N/A PC Supported Work Program 5,000
    CAREFIRST NY INC
    11751 E CORNING RD
    CORNING,NY14830     		N/A PC Strengthening Communities: The Campaign for CareFirst 3,000
    CATHOLIC CHARITIES OF THE ROMAN CATHOLIC DIOCESE
    1654 W ONONDAGA ST
    SYRACUSE,NY13204     		N/A PC Southside Neighborhood Center Upgrade - Phase 3 5,000
    CATSKILL COMMUNITY CENTER INC
    PO BOX 389
    CATSKILL,NY12414     		N/A PC Cat Food Community Dinner 3,000
    CAYUGA HOUSING DEVELOPMENT CORPORATION
    800 S PLAIN ST
    ITHACA,NY14850     		N/A PC Improving Healthcare, Lower Health Costs: On-Site Nurse Case Manager Caring for Our Frail, Elderly Residents 5,000
    CENTER FOR THE ARTS OF HOMER INC
    PO BOX 191
    HOMER,NY13077     		N/A PC Visitor Center/Historic Museum - Theatre/Website portion 40,000
    CENTER FOR TRANSFORMATIVE ACTION
    119 ANABEL TAYLOR HALL
    ITHACA,NY14853     		N/A PC Vitamin L Character-Building Concerts at Elementary Schools 5,000
    CENTRAL NEW YORK RONALD MCDONALD HOUSE CHARITIES
    1027 E GENESEE ST
    SYRACUSE,NY13210     		N/A PC Central New York Ronald McDonald House Charities Operations Fund 10,000
    CENTRAL NEW YORK SPAY NEUTER ASSISTANCE PROGRAM
    178 CENTRAL AVE
    CORTLAND,NY13045     		N/A PC General & Unrestricted 5,000
    CHALLENGE INDUSTRIES INC
    950 DANBY RD STE 179
    ITHACA,NY14850     		N/A PC Job Path to Success - Youth Employment Program 10,000
    CHARLTON SCHOOL
    PO BOX 47
    BURNT HILLS,NY12027     		N/A PC Charlton Equine Therapeutic Riding Program Indoor Arena 10,000
    CITY OF CORTLAND
    35 PORT WATSON ST
    CORTLAND,NY13045     		N/A PC City of Cortland Wickwire Pool Renovation 50,000
    CLEAR PATH FOR VETERANS INC
    1223 SALT SPRINGS RD
    CHITTENANGO,NY13037     		N/A PC The Wellness Wing at Clear Path for Vets Project 11,000
    COLUMBIA COUNTY COUNCIL ON THE ARTS INC
    209 WARREN ST
    HUDSON,NY12534     		N/A PC ArtsWalk Hudson Project 2,000
    COMMISSION ON ECONOMIC OPPORTUNITY
    2331 5TH AVE
    TROY,NY12180     		N/A PC CEO's Urban Training Center 10,000
    COMMUNITY PARTNERS FOR YOUTH INC
    37 S WASHINGTON ST
    ROCHESTER,NY14608     		N/A PC Truancy Project: Mentoring Youth for Educational Success 5,000
    COMPREHENSIVE INTERDISCIPLINARY DEVELOPMENTAL SVCS
    161 SULLIVAN ST
    ELMIRA,NY14901     		N/A PC Technology Improvement Project 5,000
    CORNELL UNIVERSITY
    PO BOX 752
    ITHACA,NY14851     		N/A PC Johnson Museum of Art Outreach to Youth in Underserved Rural Schools 15,000
    CORNING COUNCIL FOR ASSISTANCE AND INFORMATION
    271 E 1ST ST
    CORNING,NY14830     		N/A PC Access to Access Project 5,000
    CORTLAND DOWNTOWN PARTNERSHIP INC
    PO BOX 224
    CORTLAND,NY13045     		N/A PC Cortland Business Innovation Center Rennovation 30,000
    CORTLAND FREE LIBRARY INC
    32 CHURCH ST
    CORTLAND,NY13045     		N/A PC main reading room restoration 25,000
    CORTLAND REPERTORY THEATRE INC
    PO BOX 783
    CORTLAND,NY13045     		N/A PC Roof Refurbishment in Phase Two of the Renovations of "CRT Downtown" 50,000
    CULTURAL COUNCIL OF CORTLAND COUNTY INC
    PO BOX 5133
    CORTLAND,NY13045     		N/A PC A Prominent Hub to Promote the Arts & Culture in Cortland County 5,000
    DEVELOPMENTAL DISABILITIES CENTER
    1400 DIXON AVE
    LAFAYETTE,CO80026     		N/A PC Next Step Group Home 5,000
    DOUBLE H - HOLE IN THE WOODS RANCH INC
    97 HIDDEN VALLEY RD
    LAKE LUZERNE,NY12846     		N/A PC Adaptive Winter Sports 15,000
    ELIZABETH BREWSTER HOUSE FOUNDATION INC
    41 S MAIN ST
    HOMER,NY13077     		N/A PC Living for the Future Campaign 50,000
    ELLIS HOSPITAL FOUNDATION INC
    1101 NOTT ST
    SCHENECTADY,NY12308     		N/A PC School Based Asthma Management Program 2,000
    EVERGREEN COUNTRY DAY SCHOOL INC
    1093 SWEDE GULCH RD
    EVERGREEN,CO80439     		N/A PC ECDS Capital Campaign 10,000
    FAMILY COUNSELING SERVICES OF CORTLAND COUNTY INC
    10 N MAIN ST
    CORTLAND,NY13045     		N/A PC Psychiatric Prescriber Expansion 25,000
    FAMILY READING PARTNERSHIP
    54 GUNDERMAN RD
    ITHACA,NY14850     		N/A PC New Books for New Babies Program 2,000
    FINGER LAKES LIBRARY SYSTEMS
    1300 DRYDEN RD
    ITHACA,NY14850     		N/A PC Relocation and Renovation of System Headquarters 10,000
    FIRST BOOK
    1319 F ST NW
    WASHINGTON,DC20004     		N/A PC READ with First Book Campaign 2,000
    FOOD BANK OF CENTRAL NEW YORK
    7066 INTERSTATE ISLAND RD
    SYRACUSE,NY13209     		N/A PC Kids Cafe 10,000
    FREDERIC REMINGTON ART MUSEUM
    303 WASHINGTON ST
    OGDENSBURG,NY13669     		N/A PC 311 Washington St. Roof Project 20,000
    FREEDOM GUIDE DOGS FOR THE BLIND INC
    1210 HARDSCRABBLE RD
    CASSVILLE,NY13318     		N/A PC Partial Support for Purchase of New-to-Us Training and Placement Van 5,000
    FRIENDS OF GREEN CHIMNEYS
    400 DOANSBURG RD BOX 719
    BREWSTER,NY10509     		N/A PC Community Based Services 5,000
    GARDENSHARE INC
    PO BOX 516
    CANTON,NY13617     		N/A PC Food Day Youth Summit and Action Projects 2,000
    GUIDING EYES FOR THE BLIND INC
    611 GRANITE SPRINGS RD
    YORKTOWN HTS,NY10598     		N/A PC Blind or Visually Impaired Student/Guiding Eyes dog team 5,000
    HARTWICK COLLEGE
    1 HARTWICK DR
    ONEONTA,NY13820     		N/A PC Renovation to the Binder Athletic Facility 25,000
    HELPING HANDS OF HUMPHREYS COUNTY INC
    103 HWY 13 S
    WAVERLY,TN37185     		N/A PC General & Unrestricted 20,000
    HIGH & MIGHTY THERAPEUTIC RIDING AND DRIVING CTR
    71 COUNTY RTE 21C
    GHENT,NY12075     		N/A PC Special Education Project 1,000
    HOPE HALL
    1612 BUFFALO RD
    ROCHESTER,NY14624     		N/A PC Hope Hall Career Development and Scholarship Program for Studnets Who Learn Differently 10,000
    HOSPICARE & PALLIATIVE CARE SVCS OF TOMPKINS CTY
    172 E KING RD
    ITHACA,NY14850     		N/A PC Everyone Deserves Compassionate Care: A Proposal to Meet Future Hospice & Palliative Care Needs of Cortland & Tompkins Counties 30,000
    INDEPENDENT LIVING CENTER OF THE HUDSON VALLEY INC
    15 3RD ST
    TROY,NY12180     		N/A PC Renovations to 3rd floor space 5,000
    INTERFAITH HOSPITALITY NETWORK OF GREATER BUFFALO
    149 FRENCH RD
    BUFFALO,NY14227     		N/A PC Family Resource Center 4,000
    ITHACA HEALTH ALLIANCE INC
    PO BOX 362
    ITHACA,NY14851     		N/A PC Ithaca Health Alliance Operating Support 5,000
    JEWISH GUILD FOR THE BLIND
    15 W 65TH ST
    NEW YORK,NY10023     		N/A PC GuildCare Adult Day Health Programs in Albany, Buffalo, and Niagara 3,000
    JIM AND JULI BOEHEIM FOUNDATION INC
    7002 TIFFANY CIR
    FAYETTEVILLE,NY13066     		N/A PC The Jim & Juli Boeheim Foundation's Boys & Girls Clubs of Syracuse Revitalization Project - East Fayette Street 20,000
    JUNIOR ACHIEVEMENT OF CENTRAL UPSTATE NEW YORK INC
    259 MONROE AVE RM 108
    ROCHESTER,NY14607     		N/A PC Junior Achievement Program 2,000
    LAKE GEORGE ASSOCIATION INC
    PO BOX 408
    LAKE GEORGE,NY12845     		N/A PC Youth Watershed Education Programs 3,000
    LAKE GEORGE MUSIC FESTIVAL
    7 STONE PINE LN
    QUEENSBURY,NY12804     		N/A PC Charitable Event 1,000
    LE MOYNE COLLEGE
    1419 SALT SPRINGS RD
    SYRACUSE,NY13214     		N/A PC Graduate Occupational Therapy and Doctor of Nursing Practitioner Programs 30,000
    LIFETIME ASSISTANCE INCORPORATED
    425 PAUL RD
    ROCHESTER,NY14624     		N/A PC Mobility and Accessibility Campaign 10,000
    LIME HOLLOW NATURE CENTER INC
    338 MCLEAN RD
    CORTLAND,NY13045     		N/A PC Lime Hollow-OCM BOCES Environmental Education Center and Campus 30,000
    MARATHON AREA VOLUNTEER AMBULANCE CORPS INC
    PO BOX 132
    MARATHON,NY13803     		N/A PC MAVAC Ambulance's Rapid-Response ALS Fly-Car Replacement Fund 15,000
    MATERNITY AND EARLY CHILDHOOD FOUNDATION INC
    40 N MAIN AVE
    ALBANY,NY12203     		N/A PC Read to Me! Program 5,000
    MEDICAL MOTOR SERVICE OF ROCHESTER AND MONROE CTY
    608 CLINTON AVE S
    ROCHESTER,NY14620     		N/A PC Mobility Managment Collaborative Project 5,000
    MERCY CARE FOR THE ADIRONDACKS
    185 OLD MILITARY RD
    LAKE PLACID,NY12946     		N/A PC Caregiving in the Adirondacks 5,000
    MERCY HOSPITAL FOUNDATION INC
    565 ABBOTT RD
    BUFFALO,NY14220     		N/A PC Mercy Hospital of Buffalo's Critical Care Registered Nurse (CCRN) Certification Plan for 2014 -2015 10,000
    MOUNT EVANS HOSPICE INC
    3081 BERGEN PEAK DR
    EVERGREEN,CO80439     		N/A PC General & Unrestricted 10,000
    MOUNTAIN RESOURCE CENTER INC
    PO BOX 425
    CONIFER,CO80433     		N/A PC General & Unrestricted 10,000
    NEWARK WAYNE COMMUNITY HOSPITAL
    1200 DRIVING PARK DR
    NEWARK,NY14513     		N/A PC Defibrillator for Training Initiative 8,000
    NORTHEAST PARENT AND CHILD SOCIETY INC
    530 FRANKLIN ST 3RD FL
    SCHENECTADY,NY12305     		N/A PC YouthBuild Schenectady Program 5,000
    NYSARC INC
    3071 COUNTY COMPLEX DR
    CANANDAIGUA,NY14424     		N/A PC Active Academy--The After School Program for Youth With Autism Spectrum Disorders 5,000
    OMEGA INSTITUTE FOR HOLISTIC STUDIES INC
    150 LAKE DR
    RHINEBECK,NY12572     		N/A PC Healing from Military Trauma: An Offering of Two Retreats for Military Women and Women Veterans 5,000
    ONONDAGA HISTORICAL ASSOCIATION
    321 MONTGOMERY ST
    SYRACUSE,NY13202     		N/A PC Skanonh-Great Law of Peace Center 10,000
    ORISKANY ALLIANCE INCORPORATED
    33014 MASON RD
    CAPE VINCENT,NY13618     		N/A PC Molly of the Mohawks Program 3,000
    ORLEANS COUTNY CHAPTER NYSARC INC
    PO BOX 439
    ALBION,NY14411     		N/A PC Camp Rainbow 2014 5,000
    PARSONS CHILD & FAMILY CENTER
    60 ACADEMY RD
    ALBANY,NY12208     		N/A PC Camp To Belong New York 5,000
    PATHFINDER VILLAGE INC
    3 CHENANGO RD
    EDMESTON,NY13335     		N/A PC Dr. William F. Streck Community Health Clinic 10,000
    PEOPLES EQUAL ACTION AND COMMUNITY EFFORT INC
    217 S SALINA ST
    SYRACUSE,NY13202     		N/A PC for the purchase of a Food Services Vehicle 5,000
    PRESBYTERIAN HOME FOR CENTRAL NEW YORK INC
    PO BOX 1144
    NEW HARTFORD,NY13413     		N/A PC Presbyterian Home Rehabilitation Dining Room Renovation 25,000
    PREVENT CHILD ABUSE NEW YORK INC
    33 ELK ST 2ND FL
    ALBANY,NY12207     		N/A PC Enough Abuse: Child Sexual Abuse Prevention Campaign Expansion 5,000
    RAMAPO FOR CHILDREN INC
    PO BOX 266
    RHINEBECK,NY12572     		N/A PC Building Relationships, Inspiring Success, Breaking Ground: Creating an Inclusive Residential Facility for Young Adults in Need 5,000
    REBUILDING TOGETHER-SARATOGA COUNTY
    267 BALLARD RD STE 4
    WILTON,NY12831     		N/A PC Spring Workdays Project 5,000
    RESCUE MISSION ALLIANCE OF SYRACUSE N Y
    155 GIFFORD ST
    SYRACUSE,NY13202     		N/A PC Shelter/Day Center Relocation 10,000
    RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NY
    PO BOX 9
    ALBANY,NY12201     		N/A PC HealthyNOW Teen Program 10,000
    ROBERTS WESLEYAN COLLEGE
    2301 WESTSIDE DR
    ROCHESTER,NY14624     		N/A PC Simulation Lab Equipment & Furnishings Fund 10,000
    ROCHESTER GENERAL HOSPITAL
    1425 PORTLAND AVE
    ROCHESTER,NY14621     		N/A PC Dental Care for High-Risk Elderly Program 10,000
    ROCHESTER INSTITUTE OF TECHNOLOGY
    46 LOMB MEMORIAL DR
    ROCHESTER,NY14623     		N/A PC TechGirlz/Boyz: Igniting Passion and Knowledge in Deaf Students 10,000
    ROCHESTER REHABILITATION CENTER INC
    1000 ELMWOOD AVE
    ROCHESTER,NY14620     		N/A PC DriveOn Program 5,000
    SAINT ANNE INSTITUTE
    160 N MAIN AVE
    ALBANY,NY12206     		N/A PC Capital Maintenance 5,000
    SAMARITAN CENTER INC
    310 MONTGOMERY ST
    SYRACUSE,NY13202     		N/A PC Capital Gift for New Facility 10,000
    SARATOGA SHAKESPEARE COMPANY INC
    511 BROADWAY
    SARATOGA SPRINGS,NY12866     		N/A PC Macbeth Program 5,000
    SCHENECTADY MUSEUM ASSOCIATION
    15 NOTT TERRACE HTS
    SCHENECTADY,NY12308     		N/A PC Powering the Future: The STEM Fund 5,000
    SCHOHARIE AREA LONG TERM INC
    PO BOX 777
    SCHOHARIE,NY12157     		N/A PC Building Better Futures Project 5,000
    SCHUYLER HEALTH FOUNDATION INC
    220 STEUBEN ST
    MONTOUR FALLS,NY14865     		N/A PC AngioDynamics VenaCure EVLT (endovenous laser treatment) Laser Purchase 5,000
    SENIOR SERVICE CENTERS OF THE ALBANY AREA INC
    32 ESSEX ST
    ALBANY,NY12206     		N/A PC Meals on Wheels Vehicle Replacement Fund 10,000
    SKIDMORE COLLEGE
    815 N BROADWAY
    SARATOGA SPGS,NY12866     		N/A PC Construction of Skidmore College Center for Integrated Sciences (CIS) 20,000
    SLATE VALLEY MUSEUM FOUNDATION
    17 WATER ST
    GRANVILLE,NY12832     		N/A SO III FI SVM 20th Anniversary Year General Operating Support Fund 5,000
    STEPPING STONES LEARNING CENTER
    2111 HUDSON AVE
    IRONDEQUOIT,NY14617     		N/A PC Campaign for Kids 5,000
    TOMPKINS COUNTY PUBLIC LIBRARY FOUNDATION INC
    101 E GREEN ST
    ITHACA,NY14850     		N/A PC 21st Century Library 5,000
    TRADITIONAL ARTS IN UPSTATE NEW YORK
    53 MAIN ST
    CANTON,NY13617     		N/A PC Building Capacity for TAUNYs Future 5,000
    TRINITY ALLIANCE OF THE CAPITAL REGION INC
    15 TRINITY PL
    ALBANY,NY12202     		N/A PC Crafts Arts Recreation and Education After School and Summer Camp 5,000
    TRUSTEES OF UNION COLLEGE
    807 UNION ST
    SCHENECTADY,NY12308     		N/A PC Karp Hall 15,000
    UNITY HOUSE OF CAYUGA COUNTY INC
    34 WRIGHT AVE STE C
    AUBURN,NY13021     		N/A PC to purchase Office Furniture for new Tompkins County DD Housin 5,000
    UTICA COLLEGE
    1600 BURRSTONE RD
    UTICA,NY13502     		N/A PC Intercollegiate Sports, Fitness, and Recreation Center at Utica College 20,000
    VALLEY HEALTH SERVICES INC
    690 W GERMAN ST
    HERKIMER,NY13350     		N/A PC Healthcare Workforce Development 5,000
    WATERVLIET CIVIC CHEST INC
    14TH ST 1ST AVE
    WATERVLIET,NY12189     		N/A PC Youth Nutrition Program 3,000
    WELLS COLLEGE
    170 MAIN ST
    AURORA,NY13026     		N/A PC Transforming a Gymnasium and Community Space at Wells College 75,000
    YOUNG WOMENS CHRISTIAN ASSOCIATION OF ELMIRA
    211 LAKE ST
    ELMIRA,NY14901     		N/A PC YWCA Youth Leading the Way Program 2,000
    Total .................................bullet 3a 1,149,000
    bApproved for future payment
    Total .................................bullet 3b  
    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 78  
    4 Dividends and interest from securities....     14 474,130  
    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 2,135,945  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aK-1 Inc/Loss     14 5  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   2,610,158  
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,610,158
    (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 CompensationExplanation
    Name:
    JM McDonald Foundation Inc
    EIN: 47-1431059
    Person Name Explanation
    Donald C Berry Jr Removed from foundation in 2014.
    Janet E Stanton Removed from position in 2014.

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 DepreciationSchedule
    Name:
    JM McDonald Foundation Inc
    EIN: 47-1431059
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    JM McDonald Foundation Inc
    EIN: 47-1431059
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALLSTATE LIFE GLOBAL - 1.85279 102,353 102,794
    BANK AMER CORP SR NT - 3.750% 26,362 25,885
    BANK OF AMERICA CORP - 3.69238 202,999 202,510
    BANK OF AMERICA CORP NT 5.0% 1 100,000 102,130
    BARCLAYS - 4.5% - 03/10/2017 96,500 97,750
    BARCLAYS BANK - 4.250% - 02/09 200,000 196,800
    CATERPILLAR FINL SVCS MTNS B - 46,853 45,864
    CITIGROUP FDG INC MED TERM SR 97,500 92,750
    CITIGROUP INC - 0.00% - 12/11/ 100,000 96,285
    COMCAST CORP CO GURNT NTS - 6. 48,445 44,168
    GE CAP CORP MTN BE - 1.500% - 54,982 55,569
    JP MORGAN CHASE BANK NA-3.00%- 100,000 103,250
    JPMORGAN CHASE & CO NT - 3.20 142,800 140,630
    MORGAN STANLEY D W - 3.262% - 100,000 99,625
    PRUDENTIAL FINL INC - 5.4014% 214,749 210,648
    VERIZON COMMUNICATIONS INC - 2 46,920 45,660
    VESSEL MGMT SVCS INCSHP - 6.08 38,728 42,650
    WELLS FARGO - 2.625% - 12/15/2 52,178 51,371
    WESTERN UNION CO WU - 2.875% - 49,753 51,129

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JM McDonald Foundation Inc
    EIN: 47-1431059
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3-D SYSTEMS CORP. DEL 185,665 180,785
    ALCOA INC. 55,826 109,741
    AMAZON COM 84,251 80,691
    AMBEV SA 51,930 48,205
    AMC NETWORKS INC 151,369 153,686
    AMER INTERNATIONAL GROUP INC 301,853 414,474
    AMERICAN CAMPUS COMMUNITIES 140,730 165,440
    APACHE CORPORATION 41,371 28,828
    APOLLO GROUP INC CL A 65,451 70,267
    APPLE INC. 417,465 564,041
    BIOMED RLTY TR INC 11,283 14,001
    CAMERON INTERNATIONAL CORP 115,692 102,398
    CATAMARAN CORP 111,626 136,620
    CERNER CORPORATION 102,185 168,116
    CHEVRON CORP 394,464 516,028
    COMCAST CORP CL A 336,360 464,080
    CONOCOPHILLIPS 293,687 448,890
    CORP OFFICE PPTY TR 12,428 14,469
    CURTISS WRIGHT CP 367,624 423,540
    D R HORTON 36,789 46,281
    DU PONT DE NEMOURS 196,587 316,094
    DYNAMIC OPPORTUNITIES SERIES C 371,516 376,105
    EBAY INC. 111,487 124,025
    ELECTRONIC ARTS 37,051 123,192
    EMC CORP-MASS 133,924 163,867
    EOG RESOURCES INC 13,705 23,938
    EQUITY COMMONWEALTH 388,797 377,349
    EXETER FUND INC CORE PLUS FD 1,739,112 1,786,322
    EXPRESS SCRIPTS HOLDING CO. 110,636 127,852
    FOCUSED OPPORTUNITIES SERIES C 350,950 363,745
    GANNETT CO INC 120,756 128,039
    GENERAL ELECTRIC CO 377,509 485,689
    GENTEX CORPORATION 224,739 361,300
    GOLDMAN SACHS GROUP 268,519 387,660
    GOOGLE INC CL A 431,166 461,674
    GOOGLE INC CL C 27,946 63,168
    HEALTH CARE REIT INC. 121,881 174,041
    HESS CORP 110,229 178,644
    HOME DEPOT INC. 351,229 482,862
    ILLINOIS TOOL WORKS 250,316 587,139
    INTEL CORP 306,714 435,480
    JOHNSON & JOHNSON 53,114 74,245
    JOY GLOBAL INC. 106,061 89,784
    JUNIPER NETWORKS 152,891 200,210
    LENNAR CORP 35,644 41,673
    LIBERTY GLOBAL INC 47,605 56,737
    LULULEMON ATHLETICA INC 116,153 108,791
    MANNING & NAPIER EMERGING MARK 119,824 109,551
    MANNING & NAPIER FD, INC.WORLD 188,098 173,528
    MANNING & NAPIER FUND, INC. RE 202,909 264,749
    MANNING & NAPIER GLOBAL FIXED 332,075 321,906
    MANNING & NAPIER INFLATION FOC 113,245 122,016
    MASTERCARD INC 53,428 62,035
    MEDICAL PROPERTIES TRUST, INC 329,289 399,620
    MFO EXETER FD INC MD INTL SER 421,315 386,126
    MIDDLEBY CORPORATION 241,686 564,869
    MONSANTO CO 177,694 234,161
    MWI VETERINARY SUPPLY, INC 404,539 407,784
    NESTLE S.A. 93,286 106,507
    NOBLE ENERGY INC. 415,219 355,725
    NOVO NORDISK A S 392,091 423,200
    ORACLE CORP 227,156 449,700
    PEABODY ENERGY CORP 162,220 79,258
    POPULAR, INC. 61,428 61,971
    PRICELINE.COM INCORPORATED 83,660 79,815
    PROLOGIS 124,416 154,908
    RANGE RESOURCES CORP DEL 50,826 39,553
    REALOGY HOLDINGS CORP 66,884 72,074
    SANOFI-AVENTIS SPONSORED ADR 119,880 109,008
    SCHLUMBERGER LTD 82,663 106,763
    SINCLARI BROADCAST GROUP INC 85,957 79,891
    SP PLUS CORPORATION 267,834 277,530
    STARBUCKS CORP COM 167,048 385,635
    STARZ 70,554 89,397
    THE HAIN CELESTIAL GROUP, INC 181,809 221,502
    THE MOSAIC CO 109,978 102,713
    TOLL BROTHERS INC 35,917 34,270
    TRIBUNE COMPANY 53,619 54,988
    TRIPADVISOR LLC 87,992 76,900
    TWENTY-FIRST CENTURY, FOX INC 135,371 165,547
    UNILEVER PLC AMER 53,183 76,912
    UNION PACIFIC 356,656 714,779
    VENTAS INC 333,490 430,200
    VERIFONE SYSTEMS INC 40,683 77,748
    VERIZON COMMUNICATIONS 210,089 350,850
    VIACOM INC. CL B 112,039 140,718
    VISA INC 27,133 34,086
    WALT DISNEY HOLDINGS CO. 149,040 376,760
    WEATHERFORD INTL 108,538 65,952
    WEYERHAEUSER CO 70,078 87,213
    WISDOMTREE INVTS INC 336,410 392,000
    YUM BRANDS INC 52,584 57,552

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    JM McDonald Foundation Inc
    EIN: 47-1431059
    US Government Securities - End of Year Book Value:

    1,818,821
    US Government Securities - End of Year Fair Market Value:

    1,815,482
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 LegalFeesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN: 47-1431059
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 284     284


    TY 2014 OtherExpensesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN: 47-1431059
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 38,585     38,585
    Bank Charges 83 83    
    Foundation Dues & Memberships 725     725
    Indemnification Insurance 783     783
    K-1 Exp LIN MEDIA LLC 6 6    
    WEBSITE MONTHLY MAINTENANCE 36     36
    State or Local Filing Fees 10     10


    TY 2014 OtherIncomeSchedule2
    Name:
    JM McDonald Foundation Inc
    EIN: 47-1431059
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss LIN MEDIA LLC 5 5  


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN: 47-1431059
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 126,395 126,395    


    TY 2014 TaxesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN: 47-1431059
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2014 40,700      
    990-PF Extension for 2013 11,297