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
MACKINNON FAMILY CHARITABLE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)3732 WATERVIEW BLVD   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OCEAN CITY, NJ08226
A Employer identification number

04-6925848
B Telephone number (see instructions)

(239) 433-3419
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$935,344J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 18,886 18,886  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 68,109
b Gross sales price for all assets on line 6a 395,161
7 Capital gain net income (from Part IV, line 2)... 68,109
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 704 0  
12 Total. Add lines 1 through 11........ 87,699 86,995  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,675 1,675   0
c Other professional fees (attach schedule).... Click to see attachment 8,808 8,808   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,218 429   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 4 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,705 10,912   0
25 Contributions, gifts, grants paid........ 40,000 40,000
26 Total expenses and disbursements. Add lines 24 and 25 53,705 10,912   40,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 33,994
b Net investment income (if negative, enter -0-) 76,083
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............... -5    
2 Savings and temporary cash investments.......... 1,908 32,940 32,940
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)........ 509,581 Click to see attachment508,604 703,333
c Investments—corporate bonds (attach schedule)........ 195,130 Click to see attachment199,361 199,071
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment297 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) 706,911 740,905 935,344
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......... 766,082 766,082
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -59,171 -25,177
30 Total net assets or fund balances (see instructions)...... 706,911 740,905
31 Total liabilities and net assets/fund balances (see instructions).. 706,911 740,905
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)............... 1 706,911
2 Enter amount from Part I, line 27a..................... 2 33,994
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 740,905
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. 6 740,905
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 P    
b PUBLICLY TRADED SECURITIES P    
c PUBLICLY TRADED SECURITIES P    
d PUBLICLY TRADED SECURITIES P    
e PUBLICLY TRADED SECURITIES P    
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 40,499   46,025 -5,526
b 144,516   109,917 34,599
c 4,382   5,541 -1,159
d 203,424   165,569 37,855
e 25     25
2,315     2,315
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       -5,526
b       34,599
c       -1,159
d       37,855
e       25
      2,315
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 68,109
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 40,250 864,960 0.046534
2012 40,000 794,990 0.050315
2011 40,000 790,119 0.050625
2010 40,000 767,546 0.052114
2009 45,000 677,722 0.066399
2 Total of line 1, column (d) ...................... 2 0.265987
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 0.053197
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 931,941
5 Multiply line 4 by line 3....................... 5 49,576
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 761
7 Add lines 5 and 6......................... 7 50,337
8 Enter qualifying distributions from Part XII, line 4.............. 8 40,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
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 1,522
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 1,522
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 1,522
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,400
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 1,400
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 9 122
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)
    bulletFL, NJ
    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 ofbulletMARION L MACKINNON Telephone no.bullet (609) 391-8088
    Located atbullet3732 WATERVIEW BLVDOCEAN CITYNJ ZIP+4bullet08226
    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
    MARION LOUISE MACKINNON TRUSTEE
    1.00     		0 0 0
    3732 WATERVIEW BLVD
    OCEAN CITY,NJ08226
    LARRY D MACKINNON NONE
    0.00     		0 0 0
    192 OVERLAKE VIEW
    WILLISTON,VT05495
    JANIS L BUCKELEW NONE
    0.00     		0 0 0
    140 CEDAR LANE EAST
    CAPE MAY COURTHOUSE,NJ08210
    LYNN A VALERI NONE
    0.00     		0 0 0
    1224 RENNIE AVENUE
    RICHMOND,VA23227
    SUSAN M BROWSE NONE
    0.00     		0 0 0
    13 COOPER ROAD
    MENDHAM,NJ07945
    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
    923,712
    b
    Average of monthly cash balances.......................
    1b
    22,421
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    946,133
    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
    946,133
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    14,192
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    931,941
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    46,597
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    46,597
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,522
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,522
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    45,075
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    45,075
    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
    45,075
    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
    40,000
    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
    40,000
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    40,000
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    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 45,075
    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....... 45,000
    b From 2010....... 40,000
    c From 2011....... 40,000
    d From 2012....... 40,000
    e From 2013.......  
    fTotal of lines 3a through e......... 165,000
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 40,000
    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).........     		Click to see attachment0
    d Applied to 2014 distributable amount..... 40,000
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 5,075 5,075
    (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 5 159,925
    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) ...     		39,925
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		120,000
    10 Analysis of line 9:
    a Excess from 2010.... 40,000
    b Excess from 2011.... 40,000
    c Excess from 2012.... 40,000
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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 e-mail address of the person to whom applications should be addressed:
    MARION L MACKINNON
    3732 WATERVIEW BLVD
    OCEAN CITY,NJ08226
    (609) 391-8088
    bThe form in which applications should be submitted and information and materials they should include:
    SIMPLE LETTER REQUEST WITH A COPY OF THEIR IRS DETERMINATION LETTER AS A 501(C)(3) ORGANIZATION.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ALZHEIMERS ASSOCIATION
    225 N MICHIGAN AVE 17TH FLOOR
    CHICAGO,IL606017633     		NONE PUBLIC CHARITY CHARITABLE 250
    AMERICAN CANCER SOCIETY
    851 OLD CUTHBEH RD
    CHERRY HILL,NJ08034     		NONE PUBLIC CHARITY CHARITABLE 1,000
    AMERICAN FOUNDATION FOR SUICIDE
    120 WALL STREET
    NEW YORK,NY10005     		NONE PUBLIC CHARITY CHARITABLE 500
    AMERICAN HEART ASSOCIATION
    PO BOX 5160
    KENDALL PARK,NJ08824     		NONE PUBLIC CHARITY CHARITABLE 1,000
    AMERICAN RED CROSS
    34 EAST MECHANIC ST
    CAPE MAY COURTHOUSE,NJ08210     		NONE PUBLIC CHARITY CHARITABLE 1,250
    ATLANTIC CITY RESCUE MISSION
    2009 BACHARACH BLVD
    ATLANTIC CITY,NJ08401     		NONE PUBLIC CHARITY CHARITABLE 500
    BOY SCOUTS OF AMERICA
    13 COOPER ROAD
    MENDHAM,NJ07945     		NONE PUBLIC CHARITY CHARITABLE 500
    BROOKSIDE COMMUNITY CHURCH
    8 EAST MAIN STREET
    BROOKSIDE,NJ07936     		NONE PUBLIC CHARITY CHARITABLE 3,650
    CENTRAL ASIA INSTITUTE
    PO BOX 7209
    BOZEMAN,MT59771     		NONE PUBLIC CHARITY EDUCATIONAL 250
    CHAPEL OF THE SNOWS
    PO BOX 18
    MANCHESTER CENTER,VT05255     		NONE PUBLIC CHARITY CHARITABLE 100
    COMMUNITY FOOD BANK OF NEW JERSEY
    6735 BLACK HORSE PIKE
    EGG HARBOR TOWNSHIP,NJ082343901     		NONE PUBLIC CHARITY CHARITABLE 1,500
    ESSEX ALLIANCE CHURCH
    37 OLD STAGE ROAD
    ESSEX JUNCTION,VT05452     		NONE PUBLIC CHARITY EDUCATIONAL 5,000
    ISLAND CONSERVATION LONG MARINE LAB CENTER FOR OCEAN HEALTH
    100 SHAFER ROAD
    SANTA CRUZ,CA95060     		NONE PUBLIC CHARITY EDUCATIONAL 500
    MARCH OF DIMES
    PO BOX 9500
    TRENTON,NJ086501500     		NONE PUBLIC CHARITY CHARITABLE 750
    NEW JERSEY AUDUBON SOCIETY
    1600 DELEWARE AVE
    CAPE MAY,NJ08204     		NONE PUBLIC CHARITY CHARITABLE 3,000
    OCEAN CITY TABERNACLE
    6TH AND ASBURY AVENUE
    OCEAN CITY,NJ08226     		NONE PUBLIC CHARITY BUILDING FUND 500
    PENN STATE ALUMNI GIVING
    27 OLD MAIN
    UNIVERSITY PARK,PA16802     		NONE PUBLIC CHARITY CHARITABLE 1,000
    PENN STATE UNIVERSITY LIBRARIES
    27 OLD MAIN
    UNIVERSITY PARK,PA16802     		NONE PUBLIC CHARITY CHARITABLE 10,000
    PRESBYTERIAN FRONTIER FELLOWSHIP
    7132 PORTLAND AVENUE S STE 136
    RICHFIELD,MN554233264     		NONE PUBLIC CHARITY CHARITABLE 500
    SHORE MEMORIAL HEALTH FOUNDATION
    SHORE ROAD AND NEW YORK AVE
    SOMERS POINT,NJ08244     		NONE PUBLIC CHARITY CHARITABLE 500
    SKIDMORE COLLEGE
    815 NORTH BROADWAY
    SARATOGA SPRINGS,NY12866     		NONE PUBLIC CHARITY EDUCATIONAL 500
    ST LAWRENCE UNIVERSITY
    23 ROMODA DRIVE
    CANTON,NY13617     		NONE PUBLIC CHARITY CHARITABLE 500
    THE NATURE CONSERVANCY
    4245 NFAIRFAX DRIVE STE 100
    ARLINGTON,VA22203     		NONE PUBLIC CHARITY CHARITABLE 250
    THIRD PRESBYTERIAN CHURCH
    600 FOREST AVE
    RICHMOND,VA23229     		NONE PUBLIC CHARITY EDUCATIONAL 1,750
    UNICEF
    125 MAIDEN LANE
    NEW YORK,NY10038     		NONE PUBLIC CHARITY CHARITABLE 750
    UNITED WAY OF CAPE MAY COUNTY
    230 EAST MAPLE AVE
    WILDWOOD,NJ08260     		NONE PUBLIC CHARITY CHARITABLE 1,000
    WOUNDED WARRIOR PROJECT
    4899 BELFORT ROAD
    JACKSONVILLE,FL32256     		NONE PUBLIC CHARITY CHARITABLE 750
    DOCTORS WITHOUT BORDERS
    333 SEVENTH AVENUE 2ND FLOOR
    NEW YORK,NY10001     		NONE PUBLIC CHARITY CHARITABLE 1,000
    ST PETER'S UNITED METHODIST CHURCH
    501 E 8TH STREET
    OCEAN CITY,NY08226     		NONE PUBLIC CHARITY CHARITABLE 750
    THE NEW COMMUNITY SCHOOL
    4211 HERMITAGE ROAD
    RICHMOND,VA23227     		NONE PUBLIC CHARITY EDUCATIONAL 500
    Total .................................bullet 3a 40,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 18,886  
    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.....     14 704  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    14 68,109  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 87,699 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1387,699
    (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:
    MACKINNON FAMILY CHARITABLE FOUNDATION
    EIN: 04-6925848
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 1,675 1,675   0

    TY 2014 DistributionFromCorpusElection
    Name:
    MACKINNON FAMILY CHARITABLE FOUNDATION
    EIN: 04-6925848
    Election:
    TAYPAYER HEREBY ELECTS PURSUANT TO REG 53.4942(A)-3(D)(2) TO TREAT $44,046 OF THE CURRENT DISTRIBUTION AS MADE OUT OF CORPUS.

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    MACKINNON FAMILY CHARITABLE FOUNDATION
    EIN: 04-6925848
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DODGE & COX INCOME #147 20,532 20,562
    FIDELITY CONVERTIBLE SECURITIES #308 9,955 10,042
    FIDELITY FLOATING RATE HIGH INC #814 15,150 15,047
    GOLDMAN SACHS STRATEGIC INCOME INSTL #3716 27,376 27,191
    JP MORGAN CORE BOND SELECT #3720 20,532 20,514
    PIMCO HIGH YIELD # 108 INSTL 5,206 5,322
    PIMCO INVESTMENT GRADE CORP BD INSTL #56 51,381 49,919
    PIMCO LOW DURATION FUND INSTL # 36 14,032 14,721
    PIMCO TOTAL RETURN INSTL # 35 25,063 25,789
    VANGUARD GNMA FD ADMINRAL 10,134 9,964

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    MACKINNON FAMILY CHARITABLE FOUNDATION
    EIN: 04-6925848
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3 M CO 2,331 4,930
    ABBOTT LABS 2,938 5,402
    ABBVIE INC 1,131 1,636
    ACCOR SA 1,034 1,084
    ACTAVIS PLC 2,440 7,465
    AEGON NV ORD 1,253 1,050
    AIRBUS GROUP ADR 2,154 1,751
    AKAMAI TECHNOLOGIES INC 1,041 1,889
    AMERICA MOVIL SAD DE CV NVP ADR 1,027 1,220
    AMERICAN CAMPUS CMNTYS INC 2,258 2,482
    AMGEN INC 3,426 4,779
    ANSYS INC 2,363 2,460
    APPLE 1,739 15,453
    APTARGROUP INC 2,446 2,674
    ARTISAN PARTNERS ASSET MGMT INC 1,217 1,263
    AXA ADR 1,074 1,394
    B A E SYSTEMS PLC ADR 1,091 1,178
    BANCO BILBOA VIZCAYA ARGENTA 1,354 1,033
    BARCLAYS PLC ADR 1,197 1,126
    BAXTER INTERNATIONAL INC 378 366
    BAYER AG SPONSORED ADR 1,417 1,367
    BB&T CORP 1,212 1,361
    BECTON DICKINSON & CO 1,080 1,392
    BERKSHIRE HATHAWAY INC DEL CL B 4,591 6,006
    BG GROUP PLC ADR 2,950 2,360
    BIOGEN IDEC INC 1,353 2,037
    BLACKBAUD INC 1,071 1,514
    BOEING CO. 2,974 6,499
    CAPITAL ONE FINL CORP 4,420 7,842
    CARDTRONICS INC 1,077 1,543
    CELGENE CORP 2,324 3,356
    CEPHEID 1,837 2,166
    CHECK POINT SOFTWARE TECHNOLOGIES 2,309 3,143
    CHEVRON 2,150 3,365
    CHUBB CORPORATION 5,396 9,312
    CISCO SYSTEMS INC 3,578 4,450
    CLECO CORP NEW 2,473 2,727
    CME GROUP INC 1,058 1,330
    COACH INC 1,982 1,502
    COGNEX CORP 2,216 2,273
    COGNIZANT TECHNOLOGY SOLUTIONS CL A 2,158 3,160
    COMPASS MINERALS INTL INC 1,189 1,302
    CONOCOPHILLIPS 5,040 6,906
    CORE LABORATORIES N V ORD 2,977 3,009
    CORPORATE EXECUTIVE BRD CO 1,131 1,451
    COSTAR GROUP INC 1,529 2,754
    COSTCO WHSL CORP NEW 3,288 6,379
    CUBIST PHARMACEUTICALS INC 2,443 4,529
    CUMMINS INC 5,590 6,488
    CVS/CAREMARK CORP 2,417 6,260
    DAIMLER AG ORD 2,314 2,884
    DENSO CORP ADR 1,783 1,768
    DEUTSCHE BOERSE ADR 1,138 1,039
    DEUTSCHE POST AG SPONSORED ADR 1,822 1,800
    DEVRY INC 1,416 1,899
    DISCOVER FINANCIAL SERVICES 2,749 7,531
    DONALDSON INC 1,109 1,159
    DORMAN PRODUCTS INC 1,200 1,207
    DOVER CORP 1,734 2,869
    DRIL-QUIP INC 1,279 1,151
    DUPONT 3,841 7,024
    EATON CORP PLC 2,755 2,718
    EBAY 989 1,122
    EMC CORP 4,714 10,409
    EOG RESOURCES INC 2,839 2,946
    EXELON CORP 1,046 1,298
    EXPONENT INC 1,044 1,238
    EXPRESS SCRIPTS 6,688 11,007
    EXXON MOBIL CORP 2,131 3,236
    F5 NETWORKS INC COM 1,117 1,305
    FIDELITY NATIONAL FINANCIAL INC 1,175 1,206
    FIRST REP BK SAN FRANCISCO 2,162 2,606
    FORD MOTOR CO 76 78
    GARTNER GROUP INC 2,186 3,368
    GEA GROUP AG ADR 3,224 3,100
    GENERAL ELECTRIC 1,290 1,390
    GENERAL MILLS 2,011 2,933
    GENUINE PARTS CO 2,719 7,993
    GILEAD SCIENCES 1,368 6,598
    GLACIER BANCORP INC 1,095 1,250
    GOODYEAR TIRE & RUBR CO 2,233 2,714
    GOOGLE INC. CL A 1,613 3,184
    GOOGLE INC. CL C 1,617 3,158
    GREENHILL & CO INC 523 436
    GROUP 1 AUTOMOTIVE INC 1,262 1,792
    HARMAN INTL INDS INC NEW 3,527 5,336
    HEARTLAND EXPRESS 1,151 1,756
    HEINEKEN N V NPV ADR 2,265 2,318
    HIBBET SPORTS INC 559 484
    HITACHI LIMITED 2,231 2,254
    HOLCIM LTD ADR 2,675 2,657
    HOME DEPOT 1,800 8,398
    HSBC HLDGS PLC ADR NEW 1,647 1,653
    IBERIABANK CORP 268 324
    ICAP PLC ADR 1,056 1,481
    ICU MED INC 1,178 1,638
    INFINEON TECHNOLOGIES ADR 1,651 1,659
    INTEL CORP 1,838 4,899
    INTERNATIONAL BUSINESS MACHINES 1,566 1,604
    INVESCO LTD 2,002 1,976
    IPSEN SA SPONSORED ADR 2,093 2,406
    ISHARES GOLD TRUST 7,155 6,235
    ISHARES US HOME CONSTRUCTIONS ETF 3,731 4,658
    ITC HOLDINGS CORP 1,580 1,617
    JACOBS ENGR GROUP INC DEL 268 223
    JOHNSON & JOHNSON INC 1,293 1,569
    JP MORGAN CHASE & CO 4,452 9,700
    JULIUS BAER GROUP LTD ADR 1,343 1,337
    KAO CORP SPONSORED ADR 1,317 1,587
    KAPSTONE PAPER & PACKAGING CORP 2,291 2,345
    KIRBY CORP 1,152 1,211
    KONINKLIJKE PHILIPS 1,186 1,015
    KROGER CORP 2,253 3,211
    LIFETIME FITNESS INC 1,096 1,416
    LILLY ELI & CO 1,079 1,035
    LINCOLN ELECTRIC HLDGS INC 1,330 1,382
    LKQ CORP 2,326 2,390
    LYONDELLBASELL INDUSTRIES NV 1,567 1,588
    M & T BK CORP 2,290 2,512
    MARKETAXESS HLDGS INC 2,414 3,586
    MCDONALDS CORP 2,977 7,028
    MEAD JOHNSON NUTRITION CO 1,241 1,508
    MEDNAX INC 2,550 3,306
    METLIFE INC 3,470 3,516
    MICROCHIP TECHNOLOGY INC 1,088 1,353
    MICROSOFT CORP 4,818 9,058
    MID-AMER APT CMNTYS INC 1,419 1,494
    MIDDLEBY CORP 2,740 4,757
    MITSUBISHI ESTATE ADR 1,255 1,066
    MOBILE MINI INC 1,155 1,215
    MOTOROLA SOLUTIONS INC. 5,028 7,647
    NATIONAL HEALTH INVESTORS INC 2,390 2,798
    NATIONAL OIL WELL VARCO INC 4,507 4,587
    NEWELL RUBBERMAID 2,128 2,666
    NIPPON TELEG & TEL CORP SPONS ADR 1,148 1,024
    NORDSON CORP 1,075 1,169
    NOVARTIS ADR 1,049 1,390
    OCCIDENTAL PETROLEUM CORP 2,154 2,015
    OMNICOM GROUP 4,288 7,747
    OPPENHEIMER DEVELOPING MARKETS # 788 33,538 33,458
    ORACLE CORPORATION 5,010 8,769
    OTSUKA HLDGS CO LTD ADR 1,074 1,056
    PEPSICO INC 1,260 1,418
    PERRIGO CO PLC 3,044 3,343
    PHILLIP MORRIS INTL INC 2,076 2,444
    PHILLIPS 66 843 1,936
    PIMCO COMMODITY REAL RETURN STRATEGY INSTL #45 8,038 5,999
    PORSCHE AUTOMOBIL HLDG SE ADR 1,267 1,057
    POWER INTEGRATIONS INC 314 259
    PRICELINE COM INC 1,425 2,280
    PRICESMART INC 2,567 2,737
    PROASSURANCE CORP 1,350 1,355
    PROCTER & GAMBLE CO 3,629 4,099
    PROTO LABS INC 3,109 3,022
    PRUDENTIAL FINL INC 6,114 8,594
    QEP RES INC 161 101
    QUALCOMM INC 8,639 10,258
    QUESTAR CORP 2,218 2,402
    RAYTHEON CO NEW 993 1,082
    RBC BEARINGS INC 1,018 1,291
    REDWOOD TRUST INC REIT 1,032 1,182
    REPSOL YPF SA 1,249 941
    RESMED INC 2,200 2,803
    RITCHIE BROS AUCTIONEERS 2,048 2,555
    ROCHE HLDG LTD SPON ADR 1,089 1,019
    ROSETTA RESOURCES INC 1,739 1,896
    ROYAL DSM NV ADR 1,442 1,302
    ROYAL KPN NV 2,117 1,940
    RPM INTERNATIONAL INC 2,306 3,296
    RYLAND GROUP INC 1,145 1,157
    SCHLUMBERGER LIMITED 6,770 7,687
    SECOM LTD ADR 1,061 1,086
    SEVEN & 1 HLDGS CO LTD ADR 1,656 1,636
    SIGNATURE BK NEW YORK NY 2,529 3,779
    SKY PLC ADR 1,686 1,682
    SOCIETE GENERALE SA ADR 1,091 1,059
    SOLERA HOLDINGS INC 574 512
    SONY CORP ADR 2,398 2,763
    SOUTHWEST AIRLINES CO 3,148 5,502
    SS&C TECHNOLOGIES HLDGS INC 1,416 1,462
    STANLEY BLACK & DECKER INC 1,223 1,441
    STATE STREET CORP 3,268 7,850
    STERICYCLE INC 4,914 5,899
    STERIS CORP 1,194 1,946
    SUMITOMO MITSUI FINL GROUP I 1,894 1,602
    SUNTORY BEVERAGE & FOOD ADR 1,139 1,130
    SUPERIOR ENERGY SVCS INC 124 101
    SVB FINANCIAL GROUP 2,059 3,482
    TAIWAN SEMICONDUCTOR MFG CO ADR 2,431 2,909
    TE CONNECTIVITY LTD 2,161 2,530
    TEXAS CAPITAL BANCSHARES INC 1,082 1,087
    THERMO FISHER SCIENTIFIC INC. 3,060 7,517
    TJX COS INC. 1,491 3,703
    TORAY INDS UNSPONSORED ADR 2,090 2,423
    TORO CO 1,208 1,595
    TRACTOR SUPPLY CO 2,314 3,153
    TYLER TECHNOLOGIES INC 2,441 3,830
    UMPQUA HLDGS CORP 1,064 1,106
    UNIBAIL-RODAMCO SE 1,721 1,674
    UNITED PARCEL SVC INC CL B 3,251 5,003
    UNITED TECHNOLOGIES 2,262 5,175
    UNITEDHEALTH GROUP INC. 1,537 3,538
    URBAN OUTFITTERS INC COM 536 527
    US BANCORP 6,397 10,563
    VANGAURD REIT ETF 9,338 10,935
    VARIAN MED SYS INC 1,463 1,730
    VERISK ANALYTICS INC 1,198 1,281
    VERIZON COMMUNICATIONS 1,872 2,807
    VISA INC CL SHARES 1,588 2,622
    VODAFONE GROUP PLC NEW 1,941 1,572
    WABTEC CORP 2,205 3,041
    WADDELL & REED FINL INC CL A 1,086 1,246
    WATERS CORP 2,555 2,818
    WELLS FARGO & CO 4,937 9,868
    WEST PHARMACEUTICAL SVSC INC 1,101 1,065
    WEYERHAEUSER CO 1,063 1,256
    WHOLE FOODS MARKET INC 4,144 4,286
    WILLIAM HILL PLC ADR-ORD SHS 2,189 2,148
    WPP PLC NEW ADR 2,044 2,082
    ZEBRA TECHNOLOGIES CORP 1,142 1,935

    TY 2014 OtherAssetsSchedule
    Name:
    MACKINNON FAMILY CHARITABLE FOUNDATION
    EIN: 04-6925848
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ESTIMATED TAX PAYMENTS 297    


    TY 2014 OtherExpensesSchedule
    Name:
    MACKINNON FAMILY CHARITABLE FOUNDATION
    EIN: 04-6925848
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PENALTIES 4 0   0


    TY 2014 OtherIncomeSchedule2
    Name:
    MACKINNON FAMILY CHARITABLE FOUNDATION
    EIN: 04-6925848
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NONDIVIDEND DISTRIBUTIONS 704 0 704


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    MACKINNON FAMILY CHARITABLE FOUNDATION
    EIN: 04-6925848
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 8,808 8,808   0


    TY 2014 TaxesSchedule
    Name:
    MACKINNON FAMILY CHARITABLE FOUNDATION
    EIN: 04-6925848
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 429 429   0
    INCOME TAXES 2,789 0   0