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
COMMON WEALTH TRUST
 

Number and street (or P.O. box number if mail is not delivered to street address)222 DELAWARE AVENUE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE19899
A Employer identification number

51-0232187
B Telephone number (see instructions)

(412) 762-3792
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$7,796,332J 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...... 211,263 211,486  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 211,426
b Gross sales price for all assets on line 6a 1,694,950
7 Capital gain net income (from Part IV, line 2)... 211,426
8 Net short-term capital gain......... 0
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 2,037 837  
12 Total. Add lines 1 through 11........ 424,726 423,749  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,320 60,320    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 1,955 0 0 1,955
b Accounting fees (attach schedule)....... Click to see attachment 1,200 0 0 1,200
c Other professional fees (attach schedule).... Click to see attachment 10,100 5,050   5,050
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 30,995 1,855   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 7,218 7,229    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 111,788 74,454 0 8,205
25 Contributions, gifts, grants paid........ 454,000 454,000
26 Total expenses and disbursements. Add lines 24 and 25 565,788 74,454 0 462,205
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -141,062
b Net investment income (if negative, enter -0-) 349,295
c Adjusted net income (if negative, enter -0-)... 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.......... 450,588 217,044 217,044
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)........ 2,101,095 2,173,689 2,608,889
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,712,035 Click to see attachment4,731,622 4,970,399
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) 7,263,718 7,122,355 7,796,332
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......... 7,263,718 6,956,624
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds   165,731
30 Total net assets or fund balances (see instructions)...... 7,263,718 7,122,355
31 Total liabilities and net assets/fund balances (see instructions).. 7,263,718 7,122,355
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 7,263,718
2 Enter amount from Part I, line 27a..................... 2 -141,062
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 7,122,656
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 301
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,122,355
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 72. WR BERKLEY CORP   2008-07-28 2014-01-01
b 50. NETAPP INC   2011-08-23 2014-01-01
c 50. WILLIS GROUP HOLDINGS PLC SEDOL B4XGY11   2012-03-01 2014-01-03
d 42. WILLIS GROUP HOLDINGS PLC SEDOL B4XGY11   2013-06-20 2014-01-03
e 30. AETNA INC NEW   2013-10-29 2014-01-07
75. WASTE CONNECTIONS INC   2012-12-07 2014-01-07
. WORLDCOM INC COM   2000-12-31 2014-01-08
300. L BRANDS INC   2013-04-09 2014-01-09
128. CANON INC SPONS ADR   2009-07-24 2014-01-10
70. MGM MIRAGE   2012-02-15 2014-01-10
43. MONSTER BEVERAGE CORPORATION EXCH 06/15/2015   2012-10-15 2014-01-10
37. TRW AUTOMOTIVE HOLDINGS CORP   2010-04-07 2014-01-10
940. TURKIYE GARANTI BANKASI ADR   2013-04-15 2014-01-15
71. FIDELITY NATIONAL INFORMATION   2012-05-18 2014-01-17
38. UNILEVER N V N Y SHS NEW     2014-01-21
382. BRAMBLES LTD EXCH 06/15/15   2000-12-31 2014-01-23
257. MFA FINANCIAL INC   2010-06-24 2014-01-24
160. POLYCOM INC   2013-09-19 2014-01-24
125. JUNIPER NETWORKS INC     2014-01-27
330. PFIZER INC COM   2013-04-09 2014-01-27
42. INTERNATIONAL PAPER CO COM   2013-02-22 2014-01-28
14. PIONEER NAT RES CO   2011-09-26 2014-01-28
112. DAIHATSU MTR CO LTD ADR   2013-04-30 2014-01-31
26. WHIRLPOOL CORP   2013-02-20 2014-01-31
47. GREEN MTN COFFEE ROASTERS INC NAME CHANGE 3/06/2014     2014-02-06
79. LAM RESEARCH CORP     2014-02-06
.8 STARWOOD WAYPOINT RESIDE-W/I   2014-02-03 2014-02-07
36. STARWOOD WAYPOINT RESIDE-W/I   2014-02-03 2014-02-07
10. F5 NETWORKS INC COM   2014-01-28 2014-02-13
28. ALTERA CORP     2014-02-14
19. GREEN MTN COFFEE ROASTERS INC NAME CHANGE 3/06/2014   2013-12-23 2014-02-18
62. PLUM CREEK TIMBER CO INC   2013-09-16 2014-02-20
185. SAFEWAY INC NEW   2013-04-29 2014-02-20
318. PLUM CREEK TIMBER CO INC   2013-09-16 2014-02-21
39. TENET HEALTHCARE CORP   2013-11-05 2014-02-21
305. JOHNSON CONTROLS INC   2013-04-09 2014-02-25
115. WYNDHAM WORLDWIDE CORP   2013-04-09 2014-02-25
15. HUMANA INC     2014-02-26
51. CIT GROUP INC     2014-02-27
10. BARD C R INC   2013-10-22 2014-03-07
333. EUTELSAT COMMUNICAT-UNSP ADR ADR SEDOL B6X3LL5   2013-08-27 2014-03-07
1365.405 BLACKROCK FUNDS INTERNATIONAL BOND PORTFOLIO   2012-12-24 2014-03-10
34957.173 BLACKROCK FUNDS INTERNATIONAL BOND PORTFOLIO     2014-03-10
17. EQT CORPORATION     2014-03-10
6000. ISHARES TR MSCI EAFE IDX     2014-03-10
440. CORNING INC     2014-03-11
290. SAFEWAY INC NEW   2013-04-29 2014-03-11
21. CONSTELLATION BRANDS INC CL A   2012-04-10 2014-03-18
49. ALTERA CORP     2014-03-21
92. APPLIED MATERIALS INC   2013-09-30 2014-03-21
59. PTC INC   2010-06-14 2014-03-21
13. AETNA INC NEW   2013-10-29 2014-03-31
19. AETNA INC NEW   2009-07-20 2014-03-31
198. NVIDIA CORP   2013-08-19 2014-03-31
95. HELMERICH & PAYNE INC COM   2013-08-30 2014-04-02
165. TEVA PHARMA INDS ADR 1 ADR REPRESENTS 10 SHS   2013-04-09 2014-04-02
130. UNITED PARCEL SERVICE INC CL B   2013-04-09 2014-04-02
56. CIT GROUP INC   2012-07-09 2014-04-03
69. LIBERTY INTERACTIVE CORP QVC GROUP SER A   2013-08-19 2014-04-03
24. LIBERTY INTERACTIVE CORP QVC GROUP SER A   2009-09-01 2014-04-03
114. ZIONS BANCORP   2013-04-04 2014-04-03
70. DELPHI AUTOMOTIVE PLC SEDOL B783TY6   2013-02-14 2014-04-03
18. DELPHI AUTOMOTIVE PLC SEDOL B783TY6   2013-11-18 2014-04-03
.151 KONINKLIJKE AHOLD F SPON ADR   2008-11-11 2014-04-09
2. STANLEY BLACK & DECKER INC   2012-09-26 2014-04-09
33. STANLEY BLACK & DECKER INC     2014-04-09
220. NOKIAN TYRES OYJ ISIN US65528V1070 SEDOL B3MJ3C8   2013-04-05 2014-04-10
45. AETNA INC NEW   2009-07-20 2014-04-14
9. M&T BK CORP   2014-02-28 2014-04-15
1. M&T BK CORP   2013-04-12 2014-04-15
568. SBERBANK SPONSORED ADR     2014-04-15
207. TWO HARBORS INVESTMENT CORP   2013-03-19 2014-04-15
25. MACY'S INC   2014-01-30 2014-04-16
17. SEMPRA ENERGY   2013-11-05 2014-04-16
35. ASHLAND INC   2013-07-24 2014-04-17
85. ENTERPRISE PRODS PARTNERS L P COM UNIT   2013-04-09 2014-04-17
140. WISCONSIN ENERGY CORP   2013-04-09 2014-04-17
10. BARD C R INC     2014-04-23
32. BAIDU INC   2012-10-17 2014-04-24
22. CNOOC LTD SPON ADR   2012-06-15 2014-04-25
379. INDUSTRIAL & COML BK CHINA UNSPON ADR     2014-04-25
173. TOSHIBA CORP SPONS ADR   2013-07-18 2014-04-25
75. TYSON FOODS INC CLASS A   2013-07-05 2014-04-25
4. AGILENT TECHNOLOGIES (IPO)   2013-09-20 2014-04-29
2. AVALONBAY COMMUNITIES INC REIT   2013-04-19 2014-04-29
7. CALPINE CORP   2013-04-18 2014-04-29
3. CAMERON INTL CORP   2013-10-08 2014-04-29
4. CARDINAL HEALTH INC   2013-08-06 2014-04-29
121. CAREFUSION CORP     2014-04-29
3. CARLISLE COMPANIES INC   2013-06-18 2014-04-29
8. CHESAPEAKE ENERGY CORP   2013-05-31 2014-04-29
4. EDISON INTL   2013-07-10 2014-04-29
5. FIRSTENERGY CORP   2013-10-18 2014-04-29
10. GENWORTH FINL INC COM CL A   2013-06-24 2014-04-29
18. HUNTINGTON BANCSHARES INC   2013-09-18 2014-04-29
4. KROGER CO   2014-03-05 2014-04-29
5. LINCOLN NATIONAL CORP   2013-12-26 2014-04-29
5. MAXIM INTEGRATED PRODS INC COM   2013-10-25 2014-04-29
5. NASDAQ OMX GROUP INC   2013-10-04 2014-04-29
8. PRINCIPAL FINANCIAL GROUP COM   2009-12-23 2014-04-29
4. SCANA CORP W/I   2009-10-14 2014-04-29
3. STARWOOD HOTELS & RESORTS WORLDWIDE INC   2013-07-16 2014-04-29
6. TANGER FACTORY OUTLET   2010-12-14 2014-04-29
7. TEXTRON INC   2013-11-08 2014-04-29
3. TIMKEN CO   2013-06-20 2014-04-29
5. TOLL BROTHERS INC   2013-05-01 2014-04-29
3. TRIUMPH GROUP INC NEW   2013-04-05 2014-04-29
58. XCEL ENERGY INC COM   2013-09-20 2014-04-29
1. EVEREST RE GROUP LTD   2005-10-07 2014-04-29
6. XL GROUP PLC SEDOL B5LRLL2   2009-07-27 2014-04-29
5. TYCO INTERNATIONAL LTD SEDOL: B64GC98   2013-11-26 2014-04-29
34. STANLEY BLACK & DECKER INC     2014-04-30
486. TULLOW OIL PLC UNSPON ADR ISIN US8994152028 SEDOL B4XS8P9   2011-10-31 2014-04-30
34. MACY'S INC   2011-11-17 2014-05-02
12. MACY'S INC   2014-01-30 2014-05-02
18. HUMANA INC   2013-06-27 2014-05-05
135. HELMERICH & PAYNE INC COM   2013-08-30 2014-05-07
765. NEW GOLD INC ISIN CA6445351068 SEDOL 2826947     2014-05-08
510. EUTELSAT COMMUNICAT-UNSP ADR ADR SEDOL B6X3LL5   2013-08-27 2014-05-12
47. CHINA MOBILE HK LTD SPON ADR     2014-05-15
36. LABORATORY CORP OF AMERICA HLDG   2013-12-23 2014-05-15
22. CAMERON INTL CORP     2014-05-19
115. ICICI BANK LTD SPON ADR   2013-03-12 2014-05-19
26. MOHAWK INDS INC   2014-02-03 2014-05-19
258. ICAP PLC SPON ADR     2014-05-20
44. TYCO INTERNATIONAL LTD SEDOL: B64GC98   2013-11-26 2014-05-21
154. JUNIPER NETWORKS INC     2014-05-22
49. TEXTRON INC   2013-11-08 2014-05-22
1270. FIRST NIAGARA FINL GROUP INC NEW   2013-04-09 2014-05-23
490. FIRST NIAGARA FINL GROUP INC NEW   2013-07-22 2014-05-23
145. GENWORTH FINL INC COM CL A   2013-06-24 2014-05-23
265. WALGREEN CO COM   2013-04-09 2014-05-23
27. CHINA MOBILE HK LTD SPON ADR   2013-03-15 2014-05-27
98. SILVER WHEATON CORP ISIN CA8283361076     2014-05-27
98. DELPHI AUTOMOTIVE PLC SEDOL B783TY6     2014-05-30
15. CIMAREX ENERGY CO     2014-06-03
21. CAMDEN PROPERTY   2013-10-14 2014-06-04
399. UNI CHARM CORP SPON ADR     2014-06-04
35. HUMANA INC   2013-06-27 2014-06-05
2. BAYER A G SPONSORED ADR   2013-06-12 2014-06-09
13. BUNZL PLC SPONS ADR   2007-03-28 2014-06-09
16. FANUC CORP ADR   2012-03-22 2014-06-09
9. GIVUADAN USNPON ADR MARKETS FRAGRANCES & FLAVORS   2011-04-12 2014-06-09
3. HENKEL AG & COMPANY KGAA SPONS ADR PFD ADR   2013-09-20 2014-06-09
15. LINDE AG SPONSORED ADR   2013-04-04 2014-06-09
28. NORDEA BK AB ADR   2011-03-23 2014-06-09
4. NOVARTIS AG SPONSORED ADR   2013-06-18 2014-06-09
13. ROCHE HOLDINGS LTD ADR     2014-06-09
8. SABMILLER PLC SPONSORED ADR   2013-02-07 2014-06-09
19. SAFRAN SA UNSPON ADR   2012-10-15 2014-06-09
5. SAP SE SPONSORED ADR   2007-05-09 2014-06-09
21. SCHNEIDER ELECTRIC SE   2013-04-04 2014-06-09
16. SGS S.A. UNSPONSORED ADR   2009-11-11 2014-06-09
12. SOFTBANK CORP   2012-04-04 2014-06-09
4. TOYOTA MTR CORP ADR 2 COM   2013-06-18 2014-06-09
7. VOLKSWAGEN A G SPONSORED ADR   2013-01-24 2014-06-09
28. CHINA MOBILE HK LTD SPON ADR   2013-03-15 2014-06-11
10. CIVEO CORP-WHEN ISSUED   2013-08-28 2014-06-11
48. CIVEO CORP-WHEN ISSUED   2013-03-07 2014-06-11
625. CORNING INC   2013-04-09 2014-06-11
190. CORNING INC   2013-04-09 2014-06-11
255. FIDELITY NATIONAL FINANCIAL INC EXCH 6/30/2014 SEE 31620R303 &   2013-04-09 2014-06-11
34. EQT CORPORATION   2013-12-12 2014-06-13
100. GENWORTH FINL INC COM CL A   2013-06-24 2014-06-17
31. CRANE CO   2014-01-28 2014-06-20
20. F5 NETWORKS INC COM   2014-01-28 2014-06-24
85. TANGER FACTORY OUTLET   2010-12-14 2014-06-24
51. ACCENTURE PLC CLASS A ISIN IE00B4BNMY34 SEDOL B4BNMY3   2009-06-04 2014-06-27
94. TYCO INTERNATIONAL LTD SEDOL: B64GC98     2014-06-30
17. CARLISLE COMPANIES INC   2013-06-18 2014-07-01
29. CELANESE CORP-SERIES A   2014-04-17 2014-07-01
165. E*TRADE FINANCIAL CORP   2014-04-15 2014-07-01
245. APPLE INC     2014-07-02
130. MARATHON PETROLEUM CORP   2013-04-09 2014-07-02
62. CIELO S.A. ADR   2012-12-12 2014-07-09
58. CIELO S.A. ADR   2014-04-24 2014-07-09
.07 SEVENTY SEVEN ENERGY INC-W/I   2013-05-31 2014-07-10
18. SEVENTY SEVEN ENERGY INC-W/I     2014-07-10
.5 TIMKENSTEEL CORP   2013-02-01 2014-07-10
.999 FNFV GROUP-W/I   2013-04-09 2014-07-16
39. RANGE RES CORP     2014-07-16
.108 VERITIV CORP-W/I   2013-04-09 2014-07-16
87. APPLIED MATERIALS INC   2013-09-30 2014-07-17
149. FNFV GROUP-W/I   2013-04-09 2014-07-18
78. FIRST REPUBLIC BANK/FRAN   2011-07-13 2014-07-21
6. VERITIV CORP-W/I   2013-04-09 2014-07-21
120. BB&T CORP   2013-07-29 2014-07-24
315. BB&T CORP   2013-04-09 2014-07-24
130. METLIFE INC COM   2013-04-09 2014-07-24
340. KEYCORP NEW   2014-04-03 2014-07-25
3. CENOVUS ENERGY INC ISIN CA15135U109 SEDOL B57FG04   2010-04-23 2014-07-28
56. CENOVUS ENERGY INC ISIN CA15135U109 SEDOL B57FG04   2014-06-03 2014-07-28
. CITIGROUP INC   2000-12-31 2014-07-28
8. AVALONBAY COMMUNITIES INC REIT     2014-07-29
15. EDISON INTL   2013-07-10 2014-07-29
57. MGM MIRAGE   2012-02-15 2014-07-29
22. GLOBAL PAYMENTS INC-W/I   2014-02-10 2014-07-30
53. KROGER CO   2014-03-05 2014-07-30
83. CHINA MOBILE HK LTD SPON ADR     2014-07-31
97. KBR INC   2013-12-05 2014-07-31
127. SILVER WHEATON CORP ISIN CA8283361076     2014-07-31
202. SVENSKA CELLULOSA AB SP ADR   2012-10-15 2014-07-31
38. SVENSKA CELLULOSA AB SP ADR   2014-04-24 2014-07-31
27. CITRIX SYSTEMS INC   2013-12-09 2014-08-05
40. TENET HEALTHCARE CORP     2014-08-06
235. DU PONT E I DE NEMOURS & CO   2013-04-09 2014-08-07
130. L-3 COMMUNICATIONS HLDGS INC COM   2014-04-02 2014-08-07
105. APPLE INC   2013-07-10 2014-08-11
46. CHESAPEAKE ENERGY CORP   2013-05-31 2014-08-11
60. GENERAL DYNAMICS CORP   2013-08-02 2014-08-11
24. TESORO CORP   2013-10-24 2014-08-11
115. LYONDELLBASELL INDUSTRIES N.V. ISIN NL0009434992 SEDOL B3SPXZ3   2013-05-06 2014-08-11
27. PARKER HANNIFIN CORP   2014-04-28 2014-08-19
44. CARLISLE COMPANIES INC     2014-08-20
6. BARD C R INC   2013-09-04 2014-08-22
40. NASDAQ OMX GROUP INC   2013-10-04 2014-08-25
176. LOUISIANA PACIFIC CORP   2013-12-24 2014-09-08
. TOYOTA MTR CORP ADR 2 COM   2000-12-31 2014-09-08
14. TESORO CORP     2014-09-09
12. SABMILLER PLC SPONSORED ADR   2013-02-07 2014-09-15
32. NEWFIELD EXPLORATION CO   2014-05-21 2014-09-17
10. TIMKEN CO   2013-06-20 2014-09-19
22. TIMKEN CO   2014-06-18 2014-09-19
14. TRIUMPH GROUP INC NEW   2013-04-05 2014-09-19
11. CAMERON INTL CORP   2013-09-13 2014-09-22
9. CAMERON INTL CORP   2013-10-24 2014-09-22
. CIT GROUP INC NEW   2000-12-31 2014-09-23
2. CIMAREX ENERGY CO   2013-08-01 2014-09-23
7. CIMAREX ENERGY CO   2014-02-12 2014-09-23
50. CHESAPEAKE ENERGY CORP   2013-05-31 2014-09-24
16. BARD C R INC   2013-09-04 2014-09-29
153. TIBCO SOFTWARE INC     2014-09-29
61. PTC INC   2010-06-14 2014-09-30
22. CARDINAL HEALTH INC     2014-10-01
17. EXPEDIA INC DEL NEW CLASS I   2014-01-08 2014-10-02
134. NEWMONT MINING CORPORATION(NEW)   2014-04-29 2014-10-02
8. APPLIED MATERIALS INC   2013-09-30 2014-10-03
94. APPLIED MATERIALS INC   2013-12-10 2014-10-03
34. GRUPO FIN BANORTE SPON ADR     2014-10-03
137. XCEL ENERGY INC COM     2014-10-03
166. CALPINE CORP     2014-10-06
98. EDISON INTL     2014-10-07
14. INVESCO LTD ISIN BMG491BT1088 SEDOL B28XP76   2012-02-10 2014-10-08
37. INVESCO LTD ISIN BMG491BT1088 SEDOL B28XP76   2014-04-14 2014-10-08
157. CHESAPEAKE ENERGY CORP     2014-10-10
106. GIVUADAN USNPON ADR MARKETS FRAGRANCES & FLAVORS     2014-10-10
51. CRANE CO     2014-10-13
195. EATON CORP PLC SEDOL B8KQN82   2013-04-09 2014-10-14
13. AGILENT TECHNOLOGIES (IPO)   2013-11-07 2014-10-16
36. AGILENT TECHNOLOGIES (IPO)   2013-09-20 2014-10-16
32. DUN & BRADSTREET CORP NEW     2014-10-16
69. ITT CORP-W/I     2014-10-16
109. NEWFIELD EXPLORATION CO     2014-10-16
42. TENET HEALTHCARE CORP   2013-08-07 2014-10-16
27. GLOBAL PAYMENTS INC-W/I   2014-02-10 2014-10-20
.609 LIBERTY VENTURES SER A   2009-09-01 2014-10-22
162. STEEL DYNAMICS INC   2014-07-29 2014-10-22
. DELL COMPUTER CORP NAME CHG 7/22/03 SEE 24702R101   2000-12-31 2014-10-24
56. ITT CORP-W/I   2014-04-21 2014-10-28
22. CARDINAL HEALTH INC   2013-06-17 2014-10-29
51. INGREDION INC     2014-10-29
315. FNF GROUP-W/I   2013-04-09 2014-10-30
135. FNF GROUP-W/I   2013-04-09 2014-10-30
170. M&T BK CORP   2013-04-09 2014-10-30
29. ANALOG DEVICES INC   2014-05-22 2014-11-03
23. TESORO CORP   2014-10-07 2014-11-04
17. CIGNA CORP   2014-06-03 2014-11-06
17. OIL STATES INTERNATIONAL INC   2014-09-09 2014-11-06
11. HALYARD HEALTH INC-W/I   2013-04-09 2014-11-07
48. TEXTRON INC     2014-11-07
4. TEXTRON INC   2013-05-20 2014-11-07
49. UNITED CONTINENTAL HOLDINGS INC     2014-11-07
15. CHEVRON CORPORATION   2013-04-09 2014-11-11
15. DISCOVER FINANCIAL W/I   2013-04-09 2014-11-11
40. GENERAL ELEC CO COM   2014-07-02 2014-11-11
25. MERCK & CO INC   2014-01-27 2014-11-11
10. OCCIDENTAL PETE CORP COM   2008-10-08 2014-11-11
25. US BANCORP DEL COM NEW   2013-04-09 2014-11-11
30. WELLS FARGO & CO NEW COM   2009-01-26 2014-11-11
.5 LIBERTY BROADBAND-A   2013-04-12 2014-11-12
.875 HALYARD HEALTH INC-W/I   2013-04-09 2014-11-14
650. ROGERS COMMUNICATIONS INC CL B     2014-11-14
3. TESORO CORP   2014-10-07 2014-11-17
14. TESORO CORP   2013-09-17 2014-11-17
73. TIMKEN CO     2014-11-17
85. CAPITAL ONE FINANCIAL CORP   2013-07-22 2014-11-18
135. FOOT LOCKER INC     2014-11-18
180. GENERAL ELEC CO COM   2014-07-02 2014-11-18
16. AGRIUM INC   2012-09-13 2014-11-21
21. LIBERTY VENTURES SER A     2014-11-21
2. PVH CORP   2011-07-19 2014-11-24
9. PVH CORP   2014-05-05 2014-11-24
7. CIMAREX ENERGY CO   2013-07-12 2014-11-28
17. VALSPAR CORP   2013-10-23 2014-11-28
9. CELANESE CORP-SERIES A   2014-04-17 2014-12-01
19. CELANESE CORP-SERIES A     2014-12-01
24. AGRIUM INC   2014-04-25 2014-12-02
18. AGRIUM INC   2012-09-13 2014-12-02
51. CAMERON INTL CORP     2014-12-02
43. KROGER CO     2014-12-02
.4 CALIFORNIA RESOURCES CORP   2008-10-08 2014-12-09
132. CALIFORNIA RESOURCES CORP   2008-10-08 2014-12-10
90. CAPITAL ONE FINANCIAL CORP   2013-07-22 2014-12-10
160. FOOT LOCKER INC   2013-09-27 2014-12-10
120. ENSCO PLC CLASS A SEDOL B4VLR19   2014-04-17 2014-12-10
395. ENSCO PLC CLASS A SEDOL B4VLR19   2013-04-09 2014-12-10
61. BASF SE SPONSORED ADR   2009-02-23 2014-12-11
29. OIL STATES INTERNATIONAL INC     2014-12-11
38. OIL STATES INTERNATIONAL INC     2014-12-11
23. CIGNA CORP     2014-12-12
44. AGILENT TECHNOLOGIES (IPO)     2014-12-16
12. CIMAREX ENERGY CO   2013-07-12 2014-12-16
135. QEP RESOURCES INC     2014-12-17
48. AGILENT TECHNOLOGIES (IPO)   2013-03-12 2014-12-19
33. CONSTELLATION BRANDS INC CL A   2012-04-10 2014-12-19
25. M&T BK CORP     2014-12-19
33. UNITED CONTINENTAL HOLDINGS INC     2014-12-23
78. ARKEMA ADR W/I SPONSORED ADR     2014-12-26
49. CAMDEN PROPERTY     2014-12-26
3. KEYSIGHT TECHNOLOGIES IN-W/I   2013-11-07 2014-12-26
62. KEYSIGHT TECHNOLOGIES IN-W/I   2014-11-19 2014-12-26
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 3,120   1,677 1,443
b 2,049   1,854 195
c 2,209   1,768 441
d 1,856   1,761 95
e 2,055   1,823 232
3,222   2,503 719
54     54
17,257   14,028 3,229
3,980   4,510 -530
1,746   1,029 717
2,992   2,490 502
2,715   1,150 1,565
2,874   5,100 -2,226
3,744   2,268 1,476
1,517   1,016 501
550     550
1,850   1,940 -90
1,887   1,739 148
3,448   2,547 901
9,839   9,601 238
1,938   1,795 143
2,438   949 1,489
3,555   4,425 -870
3,474   2,858 616
4,852   3,690 1,162
4,003   2,635 1,368
23   24 -1
1,042   1,063 -21
1,116   1,078 38
974   996 -22
2,251   1,410 841
2,656   2,891 -235
6,517   4,325 2,192
13,496   14,827 -1,331
1,797   1,707 90
15,165   10,172 4,993
8,161   7,292 869
1,677   1,346 331
2,447   2,002 445
1,437   1,267 170
2,665   2,536 129
13,299   13,845 -546
340,483   393,756 -53,273
1,718   1,493 225
402,183   269,075 133,108
8,449   6,800 1,649
11,226   6,780 4,446
1,725   451 1,274
1,795   1,699 96
1,875   1,607 268
2,181   961 1,220
971   790 181
1,419   488 931
3,561   2,970 591
10,236   5,994 4,242
8,797   6,379 2,418
12,730   10,829 1,901
2,776   2,020 756
2,101   1,526 575
731   200 531
3,606   2,734 872
4,872   2,799 2,073
1,253   1,045 208
3   2 1
161   151 10
2,651   2,655 -4
4,386   4,993 -607
3,169   1,155 2,014
1,091   1,049 42
121   101 20
4,917   6,676 -1,759
2,138   2,846 -708
1,446   1,353 93
1,652   1,540 112
3,389   3,026 363
6,190   4,886 1,304
6,675   6,030 645
1,353   1,224 129
5,100   3,661 1,439
3,536   4,333 -797
4,519   5,242 -723
4,084   5,154 -1,070
3,183   1,960 1,223
214   207 7
273   265 8
159   145 14
193   182 11
278   204 74
4,689   4,586 103
246   200 46
233   177 56
227   190 37
171   190 -19
173   106 67
163   155 8
183   170 13
240   259 -19
161   154 7
182   164 18
372   203 169
212   139 73
227   199 28
215   148 67
280   210 70
188   174 14
172   169 3
192   235 -43
1,846   1,613 233
158   94 64
190   84 106
206   192 14
2,891   2,457 434
3,588   5,579 -1,991
1,941   1,051 890
685   649 36
1,979   1,534 445
14,673   8,518 6,155
3,749   7,196 -3,447
4,355   3,884 471
2,302   2,646 -344
3,575   3,285 290
1,406   1,300 106
5,817   5,038 779
3,463   3,592 -129
3,308   3,014 294
1,886   1,693 193
3,811   2,600 1,211
1,871   1,469 402
10,937   11,308 -371
4,220   5,181 -961
2,496   1,531 965
18,551   12,715 5,836
1,318   1,433 -115
2,013   2,282 -269
6,744   6,179 565
1,956   1,687 269
1,481   1,363 118
4,856   4,990 -134
4,373   2,984 1,389
285   222 63
367   187 180
460   483 -23
293   186 107
346   312 34
317   280 37
418   310 108
357   292 65
488   260 228
442   401 41
325   183 142
375   239 136
403   312 91
396   205 191
453   172 281
460   491 -31
374   342 32
1,357   1,486 -129
238   192 46
1,143   772 371
13,414   8,349 5,065
4,098   2,538 1,560
8,421   6,650 1,771
3,576   2,964 612
1,754   1,056 698
2,280   2,068 212
2,194   2,156 38
3,011   2,101 910
4,146   1,536 2,610
4,290   3,375 915
1,490   1,132 358
1,884   1,669 215
3,569   3,331 238
22,878   17,407 5,471
10,377   10,869 -492
1,254   698 556
1,173   1,007 166
2   1 1
451   302 149
22   16 6
16   13 3
3,153   2,349 804
4   4  
1,997   1,520 477
2,389   1,979 410
3,692   2,391 1,301
225   212 13
4,532   4,260 272
11,895   9,656 2,239
7,179   4,746 2,433
4,687   4,886 -199
91   85 6
1,697   1,666 31
27   25 2
1,197   1,053 144
862   712 150
1,559   838 721
1,540   1,462 78
2,640   2,252 388
4,528   3,858 670
2,088   3,201 -1,113
3,319   1,991 1,328
4,984   3,603 1,381
938   1,072 -134
1,835   1,602 233
2,222   1,681 541
15,134   11,505 3,629
13,214   15,591 -2,377
10,062   6,326 3,736
1,221   961 260
7,078   5,239 1,839
1,503   1,151 352
12,447   7,129 5,318
3,117   3,295 -178
3,621   2,711 910
882   696 186
1,726   1,310 416
2,481   3,310 -829
43   25 18
908   651 257
729   602 127
1,267   1,140 127
448   413 35
987   1,043 -56
950   1,097 -147
761   637 124
623   492 131
28     28
257   162 95
900   761 139
1,189   1,044 145
2,286   1,855 431
3,606   3,322 284
2,243   994 1,249
1,634   1,109 525
1,420   1,205 215
3,132   3,384 -252
164   140 24
1,928   1,577 351
1,056   1,329 -273
4,148   2,969 1,179
3,627   2,936 691
5,587   4,587 1,000
543   338 205
1,436   1,283 153
2,961   3,154 -193
3,269   1,979 1,290
2,904   3,321 -417
11,589   11,747 -158
676   655 21
1,872   1,863 9
3,511   3,319 192
2,688   3,194 -506
2,812   3,537 -725
2,291   1,743 548
1,960   1,794 166
20   5 15
3,615   3,506 109
201     201
2,388   2,446 -58
1,727   1,063 664
3,880   3,693 187
9,143   6,821 2,322
3,886   2,923 963
20,238   17,257 2,981
1,440   1,507 -67
1,667   1,469 198
1,715   1,533 182
972   1,067 -95
407   360 47
2,003   1,693 310
167   112 55
2,674   2,046 628
1,775   1,776 -1
995   650 345
1,052   1,066 -14
1,481   1,329 152
889   533 356
1,100   841 259
1,610   477 1,133
24   20 4
33   29 4
24,790   26,472 -1,682
217   192 25
1,013   639 374
3,131   2,860 271
6,924   5,875 1,049
7,402   4,722 2,680
4,857   4,797 60
1,636   1,660 -24
759   185 574
246   151 95
1,108   1,135 -27
731   504 227
1,406   1,176 230
540   518 22
1,140   865 275
2,314   2,255 59
1,736   1,868 -132
2,529   2,170 359
2,572   1,765 807
2   2  
738   614 124
7,477   6,220 1,257
8,987   5,466 3,521
3,370   5,972 -2,602
11,093   23,418 -12,325
5,449   1,750 3,699
1,269   1,348 -79
1,663   2,381 -718
2,355   2,057 298
1,704   1,500 204
1,203   864 339
2,616   4,561 -1,945
1,982   1,480 502
3,142   708 2,434
3,121   2,367 754
2,063   1,250 813
182     182
3,705   2,912 793
101   84 17
2,092   1,903 189
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       1,443
b       195
c       441
d       95
e       232
      719
      54
      3,229
      -530
      717
      502
      1,565
      -2,226
      1,476
      501
      550
      -90
      148
      901
      238
      143
      1,489
      -870
      616
      1,162
      1,368
      -1
      -21
      38
      -22
      841
      -235
      2,192
      -1,331
      90
      4,993
      869
      331
      445
      170
      129
      -546
      -53,273
      225
      133,108
      1,649
      4,446
      1,274
      96
      268
      1,220
      181
      931
      591
      4,242
      2,418
      1,901
      756
      575
      531
      872
      2,073
      208
      1
      10
      -4
      -607
      2,014
      42
      20
      -1,759
      -708
      93
      112
      363
      1,304
      645
      129
      1,439
      -797
      -723
      -1,070
      1,223
      7
      8
      14
      11
      74
      103
      46
      56
      37
      -19
      67
      8
      13
      -19
      7
      18
      169
      73
      28
      67
      70
      14
      3
      -43
      233
      64
      106
      14
      434
      -1,991
      890
      36
      445
      6,155
      -3,447
      471
      -344
      290
      106
      779
      -129
      294
      193
      1,211
      402
      -371
      -961
      965
      5,836
      -115
      -269
      565
      269
      118
      -134
      1,389
      63
      180
      -23
      107
      34
      37
      108
      65
      228
      41
      142
      136
      91
      191
      281
      -31
      32
      -129
      46
      371
      5,065
      1,560
      1,771
      612
      698
      212
      38
      910
      2,610
      915
      358
      215
      238
      5,471
      -492
      556
      166
      1
      149
      6
      3
      804
       
      477
      410
      1,301
      13
      272
      2,239
      2,433
      -199
      6
      31
      2
      144
      150
      721
      78
      388
      670
      -1,113
      1,328
      1,381
      -134
      233
      541
      3,629
      -2,377
      3,736
      260
      1,839
      352
      5,318
      -178
      910
      186
      416
      -829
      18
      257
      127
      127
      35
      -56
      -147
      124
      131
      28
      95
      139
      145
      431
      284
      1,249
      525
      215
      -252
      24
      351
      -273
      1,179
      691
      1,000
      205
      153
      -193
      1,290
      -417
      -158
      21
      9
      192
      -506
      -725
      548
      166
      15
      109
      201
      -58
      664
      187
      2,322
      963
      2,981
      -67
      198
      182
      -95
      47
      310
      55
      628
      -1
      345
      -14
      152
      356
      259
      1,133
      4
      4
      -1,682
      25
      374
      271
      1,049
      2,680
      60
      -24
      574
      95
      -27
      227
      230
      22
      275
      59
      -132
      359
      807
       
      124
      1,257
      3,521
      -2,602
      -12,325
      3,699
      -79
      -718
      298
      204
      339
      -1,945
      502
      2,434
      754
      813
      182
      793
      17
      189
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 2 211,426
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 454,000 7,848,074 0.057849
2012 451,743 7,649,583 0.059055
2011 482,626 7,997,548 0.060347
2010 483,281 7,794,675 0.062001
2009 492,978 8,455,665 0.058302
2 Total of line 1, column (d) ...................... 2 0.297554
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 0.059511
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 7,881,542
5 Multiply line 4 by line 3....................... 5 469,038
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,493
7 Add lines 5 and 6......................... 7 472,531
8 Enter qualifying distributions from Part XII, line 4.............. 8 462,205
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 6,986
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 6,986
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,986
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 15,530
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,530
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 3
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 8,541
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,494 RefundedBullet 11 5,047
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)
    bulletDE
    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 ofbulletPNC BANK NA Telephone no.bullet (412) 762-3792
    Located atbullet620 LIBERTY AVENUEPITTSBURGHPA ZIP+4bullet15222
    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
    PNC BANK NA TRUSTEE
    12     		60,320    
    620 LIBERTY AVENUE
    PITTSBURGH,PA15222
    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.........................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
    8,001,565
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,001,565
    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
    8,001,565
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    120,023
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,881,542
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    394,077
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    394,077
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    6,986
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,986
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    387,091
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    387,091
    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
    387,091
    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
    462,205
    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
    462,205
    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
    462,205
    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 7 387,091
    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....... 72,526
    b From 2010....... 94,985
    c From 2011....... 85,497
    d From 2012....... 73,778
    e From 2013....... 76,551
    fTotal of lines 3a through e......... 403,337
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 462,205
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 387,091
    e Remaining amount distributed out of corpus 75,114
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 478,451
    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) ...     		72,526
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		405,925
    10 Analysis of line 9:
    a Excess from 2010.... 94,985
    b Excess from 2011.... 85,497
    c Excess from 2012.... 73,778
    d Excess from 2013.... 76,551
    e Excess from 2014.... 75,114
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CITY OF CRESTLINE OHIO
    100 NORTH SELTZER STREET
    CRESTLINE,OH44827     		NONE PC ALLOCATION PER TRUST 7,000
    RALPH HAYES COMMON WEALTH
    FOUNDATION
    222 DELAWARE AVE 18TH FLOOR
    WILMINGTON,DE191037239     		NONE PF 2014 AWARDS CONTRIBUTIONS 220,000
    CITY CLUB OF CLEVELAND OHIO
    850 EUCLID AVENUE
    CLEVELAND,OH44114     		NONE PC ALLOCATION PER TRUST 1,000
    WESTERN RESERVE HISTORICAL
    SOCIETY
    10825 E BOULEVARD
    CLEVELAND,OH44106     		NONE PC ALLOCATION PER TRUST 220,000
    CASE WESTERN RESERVE UNIVERSITY
    10900 EUCLID AVENUE
    CLEVELAND,OH44106     		NONE PC ALLOCATION PER TRUST 6,000
    Total .................................bullet 3a 454,000
    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 ............     		         
    4 Dividends and interest from securities....     14 211,263  
    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 .............     		    18 211,426  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aBLACKSTONE GROUP L     14 610  
    bENTERPRISE PRODS P     14 474  
    cSCHNEIDER ELECTRIC     14 97  
    dFEDERAL TAX REFUND     14 856  
    e
    12 Subtotal. Add columns (b), (d), and (e)..   424,726  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13424,726
    (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:
    COMMON WEALTH TRUST
    EIN: 51-0232187
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 1,200     1,200

    TY 2014 InvestmentsOtherSchedule2
    Name:
    COMMON WEALTH TRUST
    EIN: 51-0232187
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WARRANTS AT COST 48 57
    MUTUAL FUND - FIXED AT COST 2,213,359 2,261,559
    MUTUAL FUND - EQUITY AT COST 2,494,209 2,682,916
    LIMITED PARTNERSHIP AT COST 24,006 25,867

    TY 2014 LegalFeesSchedule
    Name:
    COMMON WEALTH TRUST
    EIN: 51-0232187
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 1,955     1,955


    TY 2014 OtherDecreasesSchedule
    Name:
    COMMON WEALTH TRUST
    EIN: 51-0232187
    Description Amount
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    COMMON WEALTH TRUST
    EIN: 51-0232187
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MAP MANAGEMENT FEES 6,632 6,632   0
    PROCESSING FEES AND ADR SERVIC 586 586   0
    PARTNERSHIP - EXPENSE   11   0


    TY 2014 OtherIncomeSchedule2
    Name:
    COMMON WEALTH TRUST
    EIN: 51-0232187
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BLACKSTONE GROUP LP THE 610 0  
    ENTERPRISE PRODS PARTNERS L P COM UNIT 474 0  
    SCHNEIDER ELECTRIC SE 97 0  
    FEDERAL TAX REFUND FROM PRIOR YEAR 856 0  
    MULTIPLE PARTNERSHIPS   837  


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    COMMON WEALTH TRUST
    EIN: 51-0232187
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PREP. AUDITED FINANCIAL STMT. 10,100 5,050   5,050


    TY 2014 TaxesSchedule
    Name:
    COMMON WEALTH TRUST
    EIN: 51-0232187
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,825 1,825   0
    FEDERAL TAX PAYMENT - PRIOR YE 13,610 0   0
    FEDERAL ESTIMATES - PRINCIPAL 15,530 0   0
    FOREIGN TAXES ON QUALIFIED FOR 30 30   0