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
THE RUSSELL & RONALEE GALBUT FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)2200 BISCAYNE BLVD   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MIAMI, FL33137
A Employer identification number

20-5918650
B Telephone number (see instructions)

(305) 374-5700
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$561,186J 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).............. 590,190
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 1    
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 590,191 0 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 165 0 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
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 426 0 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 591 0 0 0
25 Contributions, gifts, grants paid........ 242,833 242,833
26 Total expenses and disbursements. Add lines 24 and 25 243,424 0 0 242,833
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 346,767
b Net investment income (if negative, enter -0-) 0
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.......... 214,419 561,186 561,186
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)........      
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)...........      
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) 214,419 561,186 561,186
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......... 214,419 561,186
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)...... 214,419 561,186
31 Total liabilities and net assets/fund balances (see instructions).. 214,419 561,186
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)............... 1 214,419
2 Enter amount from Part I, line 27a..................... 2 346,767
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 561,186
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. 6 561,186
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.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 473,719 164,987 2.871250
2012 286,149 334,155 0.856336
2011 355,670 271,827 1.308443
2010 175,582 46,514 3.774820
2009 353,113 265,472 1.330133
2 Total of line 1, column (d) ...................... 2 10.140982
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 2.028196
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 123,221
5 Multiply line 4 by line 3....................... 5 249,916
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 249,916
8 Enter qualifying distributions from Part XII, line 4.............. 8 242,833
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 0
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 0
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 0
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
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 0
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 0
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)
    bulletDE, FL
    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. Click to see attachment...............................
    10
    Yes
     
    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 ofbulletRUSSELL GALBUT TREASURER Telephone no.bullet (305) 374-5700
    Located atbullet2200 BISCAYNE BLVDMIAMIFL ZIP+4bullet33137
    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
    RONALEE GALBUT PRESIDENT & DIRECTOR
    0.00     		0 0 0
    2200 BISCAYNE BLVD
    MIAMI,FL33137
    RUSSELL GALBUT TREASURER & DIRECTOR
    0.00     		0 0 0
    2200 BISCAYNE BLVD
    MIAMI,FL33137
    MARISA GALBUT SECRETARY & DIRECTOR
    0.00     		0 0 0
    2200 BISCAYNE BLVD
    MIAMI,FL33137
    ROBERT GALBUT DIRECTOR
    0.00     		0 0 0
    2200 BISCAYNE BLVD
    MIAMI,FL33137
    DAVID GALBUT DIRECTOR
    0.00     		0 0 0
    2200 BISCAYNE BLVD
    MIAMI,FL33137
    ABRAHAM GALBUT DIRECTOR
    0.00     		0 0 0
    2200 BISCAYNE BLVD
    MIAMI,FL33137
    KEITH MENIN DIRECTOR
    0.00     		0 0 0
    2200 BISCAYNE BLVD
    MIAMI,FL33137
    JENNA BETH GALBUT DIRECTOR
    0.00     		0 0 0
    2200 BISCAYNE BLVD
    MIAMI,FL33137
    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 GRANTS/CONTRIBUTIONS TO PUBLIC CHARITIES SUPPORTING SOCIAL WELFARE, HUMANITARIAN AID TO FAMILIES AND CHILDREN IN NEED 118,646
    2 GRANTS/CONTRIBUTIONS TO PUBLIC CHARITIES SUPPORTING EDUCATIONAL AND RELIGIOUS PROGRAMS 102,801
    3 GRANTS/CONTRIBUTIONS TO PUBLIC CHARITIES SUPPORTING ARTS, CULTURAL AND HISTORIC PROGRAMS 13,748
    4 GRANTS/CONTRIBUTIONS TO PUBLIC CHARITIES SUPPORTING MEDICAL RESEARCH AND PUBLIC HEALTHCARE AWARENESS PROGRAMS 7,638
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    125,097
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    125,097
    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
    125,097
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,876
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    123,221
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,161
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    6,161
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,161
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,161
    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
    6,161
    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
    242,833
    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
    242,833
    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
    242,833
    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 6,161
    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....... 339,839
    b From 2010....... 173,256
    c From 2011....... 342,079
    d From 2012....... 269,441
    e From 2013....... 465,470
    fTotal of lines 3a through e......... 1,590,085
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 242,833
    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..... 6,161
    e Remaining amount distributed out of corpus 236,672
    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 1,826,757
    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) ...     		339,839
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,486,918
    10 Analysis of line 9:
    a Excess from 2010.... 173,256
    b Excess from 2011.... 342,079
    c Excess from 2012.... 269,441
    d Excess from 2013.... 465,470
    e Excess from 2014.... 236,672
    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).)
    RUSSELL GALBUT
    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
    AMERICAN CANCER SOCIETY
    3901 NW 79TH STREET
    MIAMI,FL33166     		NONE PUBLI CHARITY MEDICAL RESEARCH AND PATIENT SERVICES 500
    AMERICAN FRIENDS OF ISRAEL COLLEGE OF TECHNOLOGY FOR WOMEN
    70-40 153RD STREET
    QUEENS,NY11367     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 180
    AMERICAN FRIENDS OF MISHKA YECKESKEL
    1612 48TH STREET
    BROOKLYN,NY11204     		NONE PUBLIC CHARITY GRANTS TO ORGANIZATIONS AND NEEDY INDIVIDUALS 180
    AMERICAN FRIENDS OF PTACH
    919 E 24 STREET
    BROOKLYN,NY11210     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 360
    AMIT CHILDREN INC
    817 BROADWAY
    NEW YORK,NY10003     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT-INTERNATIONAL RELIEF SERVICES 180
    ANSHEI LUBAVITCH INC
    1340 WASHINGTON AVENUE
    MIAMI BEACH,FL33139     		NONE PUBLIC CHARITY RELIGIOUS EDUCATION AND SPIRTUAL DEVELOPMENT 1,950
    BARREIRO FOUNDATION INC
    1454 SW FIRST STREET
    MIAMI,FL33135     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 180
    BETH ISRAEL CONGREGATION
    770 W 40TH STREET
    MIAMI BEACH,FL33140     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 2,050
    BETH JACOB SCHOOL INC
    110 NE 163RD STREET
    NORTH MIAMI BEACH,FL33162     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 2,500
    BRIS AVROHOM
    910 SALEM AVENUE
    HILLSIDE,NJ07205     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 360
    CAJE-CENTER FOR THE ADVANCEMENT OF JEWISH EDUCATION
    4200 BISCAYNE BLVD
    MIAMI,FL33137     		NONE PUBLIC CHARITY EDUCATIONAL PROGRAM SUPPORT 2,500
    CAMILLUS HOUSE
    336 NW 5TH STREET
    MIAMI,FL33128     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 1,800
    CHABAD UNIVERSITY OF MIAMI
    1251 HARDEE ROAD
    CORAL GABLES,FL33146     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 720
    CHABAD AT MIDTOWN
    3030 NE 2ND AVENUE
    MIAMI,FL33137     		NONE PUBLIC CHARITY PAYMENT FOR ASSISTANCE TO INDIGENT FAMILIES 1,000
    CHABAD HOUSE ON WHEELS
    699 LINCOLN LANE NORTH
    MIAMI BEACH,FL33139     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 1,800
    CHABAD LUBAVITCH NATIONAL CAMPUS FOUNDATION
    719 EASTERN PARKWAY FIRST FLOOR
    BROOKLYN,FL11213     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 36
    CHABAD OF EMERAL HILLS
    3250 STERLING ROAD
    HOLLYWOOD,FL33021     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 2,500
    CHABAD OF MID MIAMI BEACH INC
    5401 COLLINS AVENUE
    MIAMI BEACH,FL33140     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 4,000
    CHABAD OF SOUTH BEACH INC
    747 4TH STREET STE 100
    MIAMI BEACH,FL33139     		NONE PUBLIC CHARITY PAYMENT TO SUPPORT RELIGIOUS AND SPIRITUAL DEVELOPME 1,000
    CHABAD OF SOUTH ORLANDO INC
    7347 W SAND LAKE ROAD
    ORLANDO,FL33139     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 180
    CHABAD ON CAMPUS INTERNATIONAL FOUNDATION
    770 EASTERN PARKWAY
    BROOKLYN,NY11213     		NONE PUBLIC CHARITY FINANCIAL AND LOGISTICAL ASSISTANCE TO CHABAD STUDEN 1,800
    CHAI LIFELINE
    151 WEST 36TH STREET
    NEW YORK,NY10001     		NONE PUBLIC CHARITY PAYMENT TO SUPPORT CANCER STRICKEN CHILDREN AND THEI 360
    CHEVARA KADISHA OF FLORIDA-CHABAD
    21001 BISCAYNE BLVD
    AVENTURA,FL33180     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 1,500
    CHICAGO CHESED FUND INC
    7045 N RIDGEWAY AVENUE
    LINCOLNWOOD,IL60712     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 1,000
    CHILDREN'S HOME SOCIETY OF FLORIDA
    1485 S SEMORAN BLVD
    WINTER PARK,FL32792     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 180
    CITY OF MIAMI BEACH-SCHOLARSHIP PROGRAM
    1701 CONVENTION CENTER DRIVE
    MIAMI BEACH,FL33139     		NONE PUBLIC CHARITY SOCIAL WELFARE & YOUTH DEVELOPMENT PROGRAM SUPPORT 250
    CLOSE UP FOUNDATION
    1330 BRADDOCK PLACE
    ALEXANDRIA,VA22314     		NONE PUBLIC CHARITY ARTS, CULTURAL AND HISTORIC PROGRAMS SUPPORT 250
    COLEL CHABAD
    806 EASTERN PARKWAY
    BROOKLYN,NY11213     		NONE PUBLIC CHARITY PAYMENT TO SUPPORT SOCIAL/HUMAN SERVICES TO PEOPLE I 33,000
    CONGREGATION BETH-EL OF MIAMI BEACH
    PO BOX 398930
    MIAMI BEACH,FL33139     		NONE PUBLIC CHARITY PAYMENT FOR ASSISTANCE IN RELIGIOUS STUDIES 1,200
    CONGREGATION KEHILATH JESHURUN
    125 EAST 85TH STREET
    NEW YORK,NY10028     		NONE PUBLIC CHARITY PAYMENT FOR ASSISTANCE TO JEWISH FAMILIES IN NEED 6,311
    CONGREGATION OHEV SHALOM OF NORTH FORT LAUDERDALE INC
    1601 S STATE ROAD 7
    N FT LAUDERDALE,FL33068     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 1,800
    CONGREGATION YESHIVAS MEON HATORAH INC
    PO BOX 428
    MONSEY,NY10952     		NONE PUBLIC CHARITY RELGIOUS EDUCATION PROGRAM SUPPORT 1,800
    CUDA-ZCOURTY BOOSTER CLUB
    1717 N BAYSHORE DRIVE 203
    MIAMI,FL33132     		NONE PUBLIC CHARITY ARTS, CULTURAL AND HISTORIC PROGRAMS SUPPORT-HIGH SCHOOL SPORTS 180
    EDUCATE TOMORROW CORP
    1717 N BAYSHORE DRIVE
    MIAMI,FL33132     		NONE PUBLIC CHARITY SOCIAL WELFARE PROGRAM SUPPORT-YOUTH MENTORING PROGRAMS 180
    EMUNAH OF AMERICA INC
    370 SEVENTH AVENUE
    NEW YORK,NY10001     		NONE PUBLIC CHARITY PAYMENT FOR ASSISTANCE TO JEWISH WOMEN AND INDIGENT 10,000
    EZRAT ISRAEL INC
    806 EASTERN PARKWAY
    BROOKLYN,FL11213     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF SERVICES PROGRAMS 10,018
    FEDERAL DRUG AGENTS FOUNDATION INC
    50 JERICHO TURNPIKE
    JERICHO,NY11753     		NONE PUBLIC CHARITY SOCIAL WELFARE AND FINANCIAL SUPPORT PROGRAM FOR FEDERAL LAW ENFORCEMENT AGENTS 5,000
    FEED ISRAEL FOUNDATION
    5229 NEW UTRECHT AVENUE 400
    NEW YORK,NY11219     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 36
    FRIENDS OF LUBAVITCH OF FLORIDA
    17330 NW 7TH AVENUE
    MIAMI,FL33169     		NONE PUBLIC CHARITY PAYMENT FOR ASSISTANCE TO FAMILIES IN NEED 4,800
    FRIENDS OF YESHIVA TEHILAS SHLOMO INC
    2605 AVENUE M
    BROOKLYN,NY112104610     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 360
    FRIENDSHIP CIRCLE OF GREATER MIAMI INC
    PO BOX 402113
    MIAMI BEACH,FL33140     		NONE PUBLIC CHARITY SOCIAL WELFARE PROGRAM- YOUTH DEVELOPMENT SERVICES 5,000
    GENERAL ISRAEL ORPHANS HOME FOR GIRLS
    132 NASSAU STREET STE 725
    NEW YORK,NY10038     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 18
    GREATER MIAMI HEBREW ACADEMY
    2400 PINE TREE DRIVE
    MIAMI BEACH,FL33140     		NONE PUBLIC CHARITY PAYMENT FOR RELIGIOUS EDUCATION OF CHILDREN 9,420
    HACHNOSSOS KALLAH OF GREATER MIAMI
    1400 LENOX AVENUE
    MIAMI BEACH,FL33139     		NONE PUBLIC CHARITY SOCIAL WELFARE PROGRAMS SUPPORT 1,000
    HEBREW ACADEMY OF NASSAU COUNTY
    240 HEMPSTEAD AVENUE
    WEST HEMPSTEAD,NY11552     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 2,000
    HEBREW ACADEMY OF THE FIVE TOWNS AND ROCKAWAY
    389 CENTRAL AVENUE
    LAWRENCE,NY11559     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 2,000
    HELPING HANDS FOOD KO-OP INC
    4000 ALTON ROAD
    MIAMI BEACH,FL33140     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT-FOOD BANK 360
    HILEL DAY SCHOOL OF BOCA RATON
    21011 95 AVENUE S
    BOCA RATON,FL33428     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 118
    INTREPID FALLEN HEROES FUND
    ONE INTREPID SQUARE
    NEW YORK,NY10036     		NONE PUBLIC CHARITY ARTS, CULTURAL AND HISTORIC PROGRAM SUPPORT-VETERANS ORGANIZATION 1,800
    INTREPID MUSEUM FOUNDATION INC AKA INTREPID SEA AIR & SPACE MUSEUM
    ONE INTREPID SQUARE W 46TH STREET
    NEW YORK,NY10036     		NONE PUBLIC CHARITY HISTORY, SCIENCE AND TECH MUSEUM SUPPORT 180
    ISRAEL GUIDE DOG CENTER FOR THE BLIND
    968 EASTON ROAD STE H
    WARRINGTON,PA18976     		NONE PUBLIC CHARITY SOCIAL WELFARE PROGRAM-BLIND PERSON'S ASSISTANCE 180
    JEWISH LEARNING CENTER
    411 WEST 41ST STREET
    MIAMI BEACH,FL33140     		NONE PUBLIC CHARITY PROVIDE JEWISH EDUCATION TO CHILDREN 11,000
    JEWISH WAR VETERANS OF THE USA INC
    1811 R STREET NW
    WASHINGTON,DC20009     		NONE PUBLIC CHARITY ARTS, CULTURAL AND HISTORIC PROGRAM SUPPORT-VETERANS ORGANIZATION 18
    KEREN HACHESED-MIAMI TAX ID # 11-2966310
    C/O KOLLEL BOKOR ZICHON BOROUCH
    4101 PINE TREE DRIVE
    MIAMI BEACH,FL33140     		NONE PUBLIC CHARITY SOCIAL WELFARE PROGRAM SUPPORT-INTERNATIONAL RELIEF EFFORTS 36
    LEHRMAN COMMUNITY DAY SCHOOL
    727 LEHRMAN DRIVE
    MIAMI BEACH,FL33141     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 5,500
    LEKOVOD SHABBOS
    323 AVENUE F
    BROOKLYN,NY11218     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 50
    LITALIVES-CHABAD OF LITHUANIA
    472 HIGH ROCK STREET
    NEEDHAM,MA02492     		NONE PIBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 360
    LUBAVITCH YESHIVA ACADEMY
    1148 CONVERSE STREET
    LONGMEADOW,MA01106     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 2,000
    LUBAVITCH-CHABAD CENER OF GAINESVILLE
    2021 NW 5TH AVENUE
    GAINESVILLE,FL32603     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 500
    MAIMONIDES BIBLICAL FOUNDATION INC
    275 7TH AVENUE
    NEW YORK,NY10001     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 100
    MAIMONIDES-SHALOM ACADEMY
    5300 SW 40TH AVENUE
    FORT LAUDERDALE,FL33314     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 2,500
    MAKE A WISH FOUNDATION OF SOUTH FLORIDA INC
    4491 S STATE ROAD 7
    FORT LAUDERDALE,FL33314     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 500
    MARCH OF DIMES
    1275 MAMARONECK AVENUE
    WHITE PLAINS,NY10605     		NONE PUBLIC CHARITY MEDICAL RESEARCH AND HEALTHCARE PROGRAM SUPPORT 100
    MIAMI BEACH COMMUNITY HEALTH CENTER INC
    710 ALTON ROAD
    MIAMI BEACH,FL33139     		NONE PUBLIC CHARITY MEDICAL AND SCIENTIFIC PROGRAM SUPPORT-2011 VOID CHECK # 664 DATED 12/22/2011 NOT CASHED 1,000
    MIAMI BEACH COMMUNITY KOLLEL INC
    3767 CHASE AVENUE
    MIAMI BEACH,FL33140     		NONE PUBLIC CHARITY ARTS, CULTURAL AND HISTORIC PROGRAM SUPPORT 1,150
    MIAMI BEACH JEWISH COMMUNITY CENTER INC
    4221 PINE TREE DRIVE
    MIAMI BEACH,FL33140     		NONE PUBLIC CHARITY SOCIAL PROGRAM SUPPORT-NEIGBORHOOD CENTERS 24,000
    MIAMI CHILDRENS MUSEUM INC
    980 MCARTHUR CSWY
    MIAMI,FL33132     		NONE PUBLIC CHARITY PAYMENT TO SUPPORT EDUCATIONAL ACTIVITIES FOR CHILDR 5,000
    NATIONAL COUNCIL OF YOUNG ISRAEL
    3291 STIRLING ROAD
    FORT LAUDERDALE,FL33312     		NONE PUBLIC CHARITY SUPPORT FOR INDIGENT FAMILIES 3,600
    NATIONAL PARKINSON FOUNDATION INC
    PO BOX 5018
    HAGERTOWN,MD217415018     		NONE PUBLIC CHARITY MEDICAL RESEARCH AND PATIENT SUPPORT PROGRAMS 1,000
    NER ISRAEL RABBINICAL COLLEGE
    400 MT WILSON LANE
    BALTIMORE,MD21208     		NONE PUBLIC CHARITY PAYMENT TO PROMOTE RELIGIOUS EDUCATION 500
    OHEL CHILDRENS HOME AND FAMILY SERVICES
    54510 16TH AVENUE
    BROOKLYN,NY11204     		NONE PUBLIC CHARITY PAYMENT FOR SUPPORT OF PATIENTS WITH PSYCHIATRIC DIS 1,800
    PEF ISRAEL ENDOWMENT FUNDS INC
    630 3RD AVENUE STE 1501
    NEW YORK,NY10017     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 36
    RETUACH YESHUAH
    5225 NEW UTRECHT AVENUE
    BROOKLYN,NY11219     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 36
    SHUL OF DOWNTOWN INC
    35 SE 9TH STREET
    MIAMI,FL33131     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 10,000
    SOUTH FLORIDA JEWISH ACADEMY
    4640 NW 74TH PLACE
    COCONUT CREEK,FL33073     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 1,800
    SPECIAL OLYMPICS FLORIDA INC
    1915 DON WICKHAM DRIVE
    CLERMONT,FL34711     		NONE PUBLIC CHARITY SOCIAL WELFARE AND YOUTH DEVELOPMENT PROGRAM SUPPORT 3,600
    TALMUDIC COLLEGE OF FLORIDA INC
    4000 ALTON ROAD
    MIAMI BEACH,FL33140     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL SERVICES 2,000
    THE JEWISH FEDERATION OF BROWARD COUNTY
    5890 S PINE ISLAND ROAD
    DAVIE,FL33328     		NONE PUBLIC CHARITY HUMAN AND SOCIAL SERVICES PROGRAM SUPPORT 1,500
    THE LEUKEMIA & LYMPHONA SOCIETY
    200 S PARK ROAD 100
    HOLLYWOOD,FL33021     		NONE PUBLIC CHARITY MEDICAL RESEARCH AND PATIENT SERVICES SUPPORT 5,020
    THE MIAMI FOUNDATION FOR THE BENEFIT OF OVERTOWN MUSIC PROJECT
    200 S BISCAYNE BLVD STE 505
    MIAMI,FL33131     		NONE PUBLIC CHARITY ARTS, CULTURAL AND HISTORIC PROGRAM SUPPORT 1,000
    THE WEINBAUM YESHIVA HIGH SCHOOL INC
    7902 MONTOYA CIRCLE
    BOCA RATON,FL33433     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 2,500
    TORAH ACADEMY OF BOCA RATON INC
    7202 PALMETTO CIRCLE NORTH
    BOCA RATON,FL33433     		NONE PUBLIC CHARITY PAYMENT FOR ASSISTANCE IN RELIGIOUS STUDIES 6,000
    TORAH HANACHAL
    303 PARK AVENUE
    ELBERON,NJ07740     		NONE PUBLIC CHARITY ASSISTANCE TO INDIGENT JEWISH FAMILIES 11,000
    UNIDAD OF MIAMI BEACH INC
    1701 NORMANDY DRIVD
    MIAMI BEACH,FL33141     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 1,000
    WAYNE BARTON STUDY CENTER
    269 NE 14 STREET
    BOCA RATON,FL33432     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATION PROGRAM SUPPORT 1,800
    WOMEN'S INTERNATIONAL ZIONIST ORGANIZATION
    1150 KANE 5TH FLOOR
    BAY HARBOR ISLANDS,FL33154     		NONE PUBLIC CHARITY SOCIAL WELFARE AND HUMANITARIAN PROGRAM SUPPORT 5,000
    YESHIVA ELEMENARY INC
    7902 CARLYLE AVENUE
    MIAMI BEACH,FL33141     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 2,500
    YESHIVA SHA'ALVIM
    1716 CONEY ISLAND AVENUE 3F
    BROOKLYN,NY11230     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 250
    YIVO INSTITUTE FOR JEWISH RESEARCH
    15 WEST 16TH STREET
    NEW YORK,NY10011     		NONE PUBLIC CHARITY RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT 1,000
    Total .................................bullet 3a 242,833
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 1  
    4 Dividends and interest from securities....          
    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 .............     		         
    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 1 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    THE RUSSELL & RONALEE GALBUT FAMILY FOUNDATION
     
    Employer identification number

    20-5918650
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    THE RUSSELL & RONALEE GALBUT FAMILY FOUNDATION
          		Employer identification number

    20-5918650
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    GALBUT 2006 CHARITABLE LEAD ANNUITY TRUST
     

       
    2200 BISCAYNE BLVD
     
    MIAMI, FL33137

    		$139,672


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    RONALEE GALBUT 2006 CHARITABLE LEAD ANNUITY TRUST
     

       
    2200 BISCAYNE BLVD
     
    MIAMI, FL33137

    		$139,672


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    50 LINCOLN COURT LLC
     

       
    2200 BISCAYNE BLVD
     
    MIAMI, FL33137

    		$62,790


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    PARK TOWER II LLC
     

       
    2200 BISCAYNE BLVD
     
    MIAMI, FL33137

    		$245,556


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    THE RUSSELL & RONALEE GALBUT FAMILY FOUNDATION
          		Employer identification number

    20-5918650
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    THE RUSSELL & RONALEE GALBUT FAMILY FOUNDATION
          		Employer identification number

    20-5918650
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 OtherExpensesSchedule
    Name:
    THE RUSSELL & RONALEE GALBUT FAMILY FOUNDATION
    EIN: 20-5918650
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL NOTICES 80 0 0 0
    ANNUAL REPORT 148 0 0 0
    BANK FEE 0 0 0 0
    STATIONARY AND SUPPLIES 198 0 0 0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE RUSSELL & RONALEE GALBUT FAMILY FOUNDATION
    EIN: 20-5918650
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 165 0 0 0


    TY 2014 SubstantialContributorsSch
    Name:
    THE RUSSELL & RONALEE GALBUT FAMILY FOUNDATION
    EIN: 20-5918650
    Name Address
     
          		2200 BISCAYNE BLVD
    MIAMI,FL33137
     
          		2200 BISCAYNE BLVD
    MIAMI,FL33137
    RUSSELL RONALEE GALBUT 5225 COLLINS AVENUE PH-8
    MIAMI BEACH,FL33140
     
          		2200 BISCAYNE BLVD
    MIAMI,FL33137
     
          		2200 BISCAYNE BLVD
    MIAMI,FL33137