Form990-PF
Click to see attachment

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
WR GRACE FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)7500 GRACE DRIVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLUMBIA, MD21044
A Employer identification number

65-0630671
B Telephone number (see instructions)

(410) 531-4000
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$336,808J 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).............. 650,000
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
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)....... Click to see attachment 423 423 0
12 Total. Add lines 1 through 11........ 650,423 423 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)....... Click to see attachment 2,257 1,128 0 0
c Other professional fees (attach schedule)....        
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 20,830 452 0 5,870
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 23,087 1,580 0 5,870
25 Contributions, gifts, grants paid........ 733,285 713,286
26 Total expenses and disbursements. Add lines 24 and 25 756,372 1,580 0 719,156
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -105,949
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............... 421,453 335,504 335,504
2 Savings and temporary cash investments..........      
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........... 1,304 1,304 1,304
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) 422,757 336,808 336,808
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................. 175,000 195,000
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).......... 175,000 195,000
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 247,757 141,808
30 Total net assets or fund balances (see instructions)...... 247,757 141,808
31 Total liabilities and net assets/fund balances (see instructions).. 422,757 336,808
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)............... 1 247,757
2 Enter amount from Part I, line 27a..................... 2 -105,949
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 141,808
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. 6 141,808
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 768,005 527,701 1.455379
2012 794,737 938,606 0.846721
2011 807,549 1,130,324 0.714440
2010 688,812 432,392 1.593027
2009 749,033 0 0.000000
2 Total of line 1, column (d) ...................... 2 4.609567
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 0.921913
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 309,624
5 Multiply line 4 by line 3....................... 5 285,446
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 285,446
8 Enter qualifying distributions from Part XII, line 4.............. 8 719,156
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 1,304
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,304
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,304
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,304 RefundedBullet 11 0
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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL, MD
    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 addressbulletWWW.GRACE.VERSAIC.COM
    14
    The books are in care ofbulletWILLIAM DOCKMAN Telephone no.bullet (410) 531-4000
    Located atbullet7500 GRACE DRIVECOLUMBIAMD ZIP+4bullet21044
    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
    MARK A SHELNITZ DIRECTOR & CHAIRMAN (PART YEAR)
    1.00     		0 0 0
    7500 GRACE DRIVE
    COLUMBIA,MD21044
    PAMELA K WAGONER DIRECTOR & CHAIRMAN (PART YEAR)
    1.00     		0 0 0
    7500 GRACE DRIVE
    COLUMBIA,MD21044
    HUDSON LA FORCE III DIRECTOR & VICE CHAIRMAN
    1.00     		0 0 0
    7500 GRACE DRIVE
    COLUMBIA,MD21044
    WILLIAM DOCKMAN VICE CHAIRMAN & TREASURER
    1.00     		0 0 0
    7500 GRACE DRIVE
    COLUMBIA,MD21044
    JOHN A MCFARLAND SECRETARY
    1.00     		0 0 0
    7500 GRACE DRIVE
    COLUMBIA,MD21044
    KEITH COLE EXECUTIVE DIRECTOR (PART YEAR)
    1.00     		0 0 0
    7500 GRACE DRIVE
    COLUMBIA,MD21044
    MICHAEL JONES EXECUTIVE DIRECTOR (PART YEAR)
    1.00     		0 0 0
    7500 GRACE DRIVE
    COLUMBIA,MD21044
    JANET DAVIS DEPUTY EXECUTIVE DIRECTOR
    1.00     		0 0 0
    7500 GRACE DRIVE
    COLUMBIA,MD21044
    DIANNA MATTESON DEPUTY EXECUTIVE DIRECTOR
    1.00     		0 0 0
    7500 GRACE DRIVE
    COLUMBIA,MD21044
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    314,339
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    314,339
    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
    314,339
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    4,715
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    309,624
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    15,481
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    15,481
    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
    15,481
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    15,481
    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
    15,481
    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
    719,156
    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
    719,156
    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
    719,156
    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 15,481
    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....... 749,033
    b From 2010....... 667,192
    c From 2011....... 751,033
    d From 2012....... 715,413
    e From 2013....... 741,620
    fTotal of lines 3a through e......... 3,624,291
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 719,156
    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..... 15,481
    e Remaining amount distributed out of corpus 703,675
    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 4,327,966
    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) ...     		749,033
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		3,578,933
    10 Analysis of line 9:
    a Excess from 2010.... 667,192
    b Excess from 2011.... 751,033
    c Excess from 2012.... 715,413
    d Excess from 2013.... 741,620
    e Excess from 2014.... 703,675
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WWWGRACEVERSAICCOM
    32 W 25TH AVENUE SUITE 203
    SAN MATEO,CA944032266
    (817) 712-9495
    WWW.GRACE.VERSAIC.COM
    bThe form in which applications should be submitted and information and materials they should include:
    NO FORMS ARE REQUIRED. HOWEVER, EACH REQUEST SHOULD BE SUBMITTED VIA E-MAIL WITH THE FOLLOWING INFORMATION: 1. THE NATURE AND BACKGROUND OF THE ORGANIZATION; 2. THE SUM BEING REQUESTED; 3. THE SPECIFIC PURPOSE OF THE GRANT REQUEST; AND 4. PHOTOCOPY OF THE CURRENT IRS DETERMINATION LETTER. SHOULD THE FOUNDATION EXPRESS FURTHER INTEREST IN THE ORGANIZATION, IT WOULD REQUIRE IN ADDITION TO THE ABOVE: 1. A CURRENT FINANCIAL STATEMENT; AND 2. A LIST OF CURRENT DONORS, PARTICULARLY COMPANIES, FOUNDATIONS AND GOVERNMENTAL AGENCIES, INDICATING THE AMOUNTS CONTRIBUTED ON AN ANNUAL BASIS.
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    ALZHEIMER'S ASSOCIATION GREATER BALTIMORE
    1850 YORK ROAD STE D
    TIMONIUM,MD21093     		NONE PC HEALTH AND SOCIAL WELFARE 250
    ALZHEIMER'S ASSOCIATION
    480 PLEASANT ST
    WATERTOWN,MA02472     		NONE PC HEALTH AND SOCIAL WELFARE 260
    ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOC INC
    2540 N SANTIAGO BLVD
    ORANGE,CA92867     		NONE PC HEALTH AND SOCIAL WELFARE 5,000
    AMERICAN CANCER SOC MAKING STRIDES
    30 SPEEN STREET
    FRAMINGTON,MA01701     		NONE PC HEALTH AND SOCIAL WELFARE 6,136
    AMERICAN CANCER SOCIETY
    ONE LAKESHORE DRIVE SUITE 1510
    LAKE CHARLES,LA70629     		NONE PC HEALTH AND SOCIAL WELFARE 1,058
    AMERICAN CANCER SOCIETYRELAY FOR LIFE
    8219 TOWN CENTER DR
    BALTIMORE,MD21236     		NONE PC HEALTH AND SOCIAL WELFARE 1,560
    AMERICAN CHEMICAL SOCIETY
    1155 16TH ST NW
    WASHINGTON,DC20036     		NONE PC EDUCATION 11,000
    AMERICAN HEART ASSOCIATION
    217 E REDWOOD ST 23RD FLOOR
    BALTIMORE,MD21202     		NONE PC HEALTH AND SOCIAL WELFARE 3,500
    AMERICAN HEART ASSOCIATION
    415 N CHARLES STREET
    BALTIMORE,MD21201     		NONE PC HEALTH AND SOCIAL WELFARE 23,592
    ATHOLTON ROCKETRY CLUB
    6520 FREETOWN RD
    COLUMBIA,MD21044     		NONE PC EDUCATION 1,000
    AUBURN UNIVERSITY FOUNDATION
    317 S COLLEGE ST
    AUBURN,AL36849     		NONE PC MATCHING GIFTS 1,000
    BALTIMORE COMM FOUNDBALTO JAZZ EDUC PROJ
    2 EAST REED STREET
    BALTIMORE,MD21202     		NONE PC URBAN, CIVIC, CULTURE 2,500
    BEST BUDDIES NH
    PO BOX 423
    CONCORD,NH03302     		NONE PC HEALTH AND SOCIAL WELFARE 405
    BIG BROTHERS BIG SISTERS OF SOUTHWEST LOUISIANA
    4135 COMMON ST
    LAKE CHARLES,LA70607     		NONE PC URBAN, CIVIC, CULTURE 410
    BOYS AND GIRLS CLUB OF MIDDLESEX COUNTY
    119 WINDSOR ST 8
    CAMBRIDGE,MA02139     		NONE PC URBAN, CIVIC, CULTURE 1,000
    BUSINESS VOLUNTEER MARYLAND
    1201 S SHARP ST SUITE 206
    BALTIMORE,MD21230     		NONE PC URBAN, CIVIC, CULTURE 1,000
    BWH CLIMIBCORPS
    116 HUNTINGTON AVE 3RD FL
    BOSTON,MA02116     		NONE PC HEALTH AND SOCIAL WELFARE 380
    CAMBRIDGE COMMUNITY CENTER
    5 CALLENDER STREET
    CAMBRIDGE,MA02139     		NONE PC URBAN, CIVIC, CULTURE 9,000
    CAMBRIDGE SCHOOL VOLUNTEERS
    459 BROADWAY
    CAMBRIDGE,MA02138     		NONE PC EDUCATION 3,000
    CARNEGIE MELLON UNIVERSITY
    6 PPG PLACE-- 11TH FLOOR
    PITTSBURGH,PA15222     		NONE PC MATCHING GIFTS 100
    CASE WESTERN RESERVE UNIVERSITY
    10900 EUCLID AVENUE
    CLEVELAND,OH44106     		NONE PC MATCHING GIFTS 500
    CHAMINADE HIGH SCHOOL
    340 JACKSON AVENUE
    MINEOLA,NY11501     		NONE PC MATCHING GIFTS 250
    CHANEY FOUNDATION FUND
    PO BOX 548
    WALDORF,MD20604     		NONE PC HEALTH AND SOCIAL WELFARE 5,000
    CHARLESTON CATHOLIC HIGH SCHOOL
    1033 VIRGINIA ST EAST
    CHARLESTON,WV25301     		NONE PC MATCHING GIFTS 500
    CHD AWARENESS QUILT PROGRAM
    1418 SANDWICH DRIVE
    SANDWICH,IL60548     		NONE PC HEALTH AND SOCIAL WELFARE 800
    CHEROKEE AREA COUNCIL BSA
    6031 LEE HIGHWAY
    CHATTANOOGA,TN37421     		NONE PC URBAN, CIVIC, CULTURE 1,400
    COLLINGS FOUNDATION
    137 BARTON ROAD
    STOW,MA01775     		NONE PC URBAN, CIVIC, CULTURE 1,000
    COLUMBIA FESTIVAL OF THE ARTS
    5575 STERRETT PLACE SUITE 280
    COLUMBIA,MD21044     		NONE PC URBAN, CIVIC, CULTURE 11,500
    COLUMBIA FOUNDATION (GRANT)
    10630 LITTLE PATUXENT PKWY CENTURY
    PLAZA SUITE 315
    COLUMBIA,MD21044     		NONE PC URBAN, CIVIC, CULTURE 11,000
    COMMUNITY ACTION COUNCIL
    6751 COLUMBIA GATEWAY DR
    COLUMBIA,MD21046     		NONE PC URBAN, CIVIC, CULTURE 5,000
    COMMUNITY COLLEGE OF BALTIMORE COUNTY FOUNDATION
    7200 SOLLERS POINT ROAD
    BALTIMORE,MD21222     		NONE PC EDUCATION 5,000
    CONCRETE INDUSTRY MANAGEMENT (CIM) PROGRAM AT NJIT
    48 FARNWOOD RD
    MTLAUREL,NJ08054     		NONE PC EDUCATION 2,000
    DARTMOUTH COLLEGE
    6066 DEVELOPMENT OFFICE
    HANOVER,NH03755     		NONE PC MATCHING GIFTS 250
    DECORDOVA MUSEUM
    51 SANDY POND ROAD
    LINCOLN,MA01773     		NONE PC URBAN, CIVIC, CULTURE 2,500
    DENISON UNIVERSITY
    PO BOX 716
    GRANVILLE,OH43023     		NONE PC MATCHING GIFTS 1,000
    DOMESTIC VIOLENCE CENTER OF HOWARD COUNTY INC
    5457 TWIN KNOLLS RD SUITE 310
    COLUMBIA,MD21045     		NONE PC HEALTH AND SOCIAL WELFARE 1,000
    EAST END (COOKING FOR A CAUSE)
    105 SPRING STREET
    CAMBRIDGE,MA02141     		NONE PC URBAN, CIVIC, CULTURE 10,500
    ELON UNIVERSITY
    2600 CAMPUS BOX
    ELON,NC27244     		NONE PC MATCHING GIFTS 100
    FLINTRIDGE SACRED HEART ACADEMY
    440 ST KATHERINE DR
    LA CANADA,CA91011     		NONE PC MATCHING GIFTS 1,000
    FOUNDATION DE L'HOPITAL DU SUROIT
    387 VICTORIA
    VALLEYFIELD,QUEBECJ6T-1B7
    CA     		NONE PC HEALTH AND SOCIAL WELFARE 15,000
    GIRL SCOUTS OF CENTRAL MARYLAND
    4806 SETON DRIVE
    BALTIMORE,MD21215     		NONE PC URBAN, CIVIC, CULTURE 6,000
    HABITAT FOR HUMANITY SUSQUEHANNA
    205 S HAYS STREET
    BEL AIR,MD21014     		NONE PC URBAN, CIVIC, CULTURE 2,500
    HAMILTON COUNTY DEPARTMENT OF EDUCATION
    3074 HICKORY VALLEY ROAD
    CHATTANOOGA,TN37421     		NONE PC EDUCATION 5,000
    HEIFER INTERNATIONAL
    1 WORLD AVENUE
    LITTLE ROCK,AR72202     		NONE PC HEALTH AND SOCIAL WELFARE 1,400
    HOWARD COUNTY CONSERVANCY
    10520 OLD FREDERICK RD
    WOODSTOCK,MD21163     		NONE PC URBAN, CIVIC, CULTURE 7,500
    HOWARD COUNTY DIRECTOR OF FINANCE
    7120 OAKLAND MILLS RD
    COLUMBIA,MD21046     		NONE PC URBAN, CIVIC, CULTURE 1,000
    HOWARD COUNTY GENERAL HOSPITAL
    10700 CHARTER DRIVE SUITE 250
    COLUMBIA,MD21044     		NONE PC HEALTH AND SOCIAL WELFARE 50,000
    HOWARD COUNTY POLICE FOUNDATION
    11226 SCAGGSVILLE ROAD
    LAUREL,MD20723     		NONE PC URBAN, CIVIC, CULTURE 1,000
    HOWARD HOSPITAL FOUNDATION
    10700 CHARTER DRIVE SUITE 250
    COLUMBIA,MD21044     		NONE PC HEALTH AND SOCIAL WELFARE 12,500
    HUDSON COUNTY SCHOOL OF TECHNOLOGY
    8511 TONNELLE AVE
    NORTH BERGEN,NJ07047     		NONE PC EDUCATION 5,000
    INSTITUTE OF NOTRE DAME
    901 AISQUITH STREET
    BALTIMORE,MD21202     		NONE PC MATCHING GIFTS 13,000
    JIM O'MALLEY CHARITABLE FOUNDATION INC
    6329 ANGEL ROSE COURT
    COLUMBIA,MD21044     		NONE PC HEALTH AND SOCIAL WELFARE 2,500
    KEYSTONE SCIENCE SCHOOL
    1628 STS JOHN ROAD
    KEYSTONE,CO80435     		NONE PC EDUCATION 21,600
    KID'S PEACE
    5575 STERRETT PLACE SUITE 200
    COLUMBIA,MD21044     		NONE PC HEALTH AND SOCIAL WELFARE 1,000
    KIPP DC
    1003 K STREET NW STE 700
    WASHINGTON,DC20001     		NONE PC EDUCATION 25,000
    KOMEN RACE FOR THE CURE
    200 E JOPPA RD STE 407
    TOWSON,MD21286     		NONE PC HEALTH AND SOCIAL WELFARE 535
    LAKE FOREST COLLEGE
    555 N SHERIDAN ROAD
    LAKE FOREST,IL60045     		NONE PC MATCHING GIFTS 100
    LANDON SCHOOL
    6101 WILSON LANE
    BETHESDA,MD20817     		NONE PC MATCHING GIFTS 300
    LEHIGH UNIVERSITY
    622 BRODHEAD AVE
    BETHELEM,PA18015     		NONE PC MATCHING GIFTS 100
    LOUISIANA TECH UNIVERSITY FOUNDATION
    PO BOX 3183
    RUSTON,LA71272     		NONE PC EDUCATION 5,000
    LOUISIANA TECH UNIVERSITY
    PO BOX 3183
    RUSTON,LA71272     		NONE PC MATCHING GIFTS 3,000
    LOYOLA UNIVERSITY MARYLAND
    4501 N CHARLES ST
    BALTIMORE,MD21210     		NONE PC EDUCATION 5,000
    LSU ALUMNI FOUNDATION
    3838 W LAKESHORE DR
    BATON ROUGE,LA70808     		NONE PC MATCHING GIFTS 1,000
    LSU FOUNDATION
    3838 W LAKESHORE DR
    BATON ROUGE,LA70808     		NONE PC MATCHING GIFTS 2,000
    MAKE A WISH FOUNDATION
    9475 DEERECO RD SUITE 306
    TIMONIUM,MD21093     		NONE PC HEALTH AND SOCIAL WELFARE 2,500
    MARCH OF DIMES
    PO BOX 62770
    BALTIMORE,MD21264     		NONE PC HEALTH AND SOCIAL WELFARE 835
    MARYLAND DISABILITY LAW CENTER
    1500 UNION AVENUE SUITE 2000
    BALTIMORE,MD21211     		NONE PC URBAN, CIVIC, CULTURE 5,000
    MARYLAND FAMILY NETWORK
    1001 EASTERN AVENUE 2ND FLOOR
    BALTIMORE,MD21202     		NONE PC URBAN, CIVIC, CULTURE 2,500
    MARYLAND SCIENCE CENTER
    601 LIGHT STREET
    BALTIMORE,MD21230     		NONE PC URBAN, CIVIC, CULTURE 16,000
    MARYLAND VOLUNTEER LAWYERS SERVICE (MVLS)
    ONE N CHARLES ST SUITE 222
    BALTIMORE,MD21201     		NONE PC URBAN, CIVIC, CULTURE 2,500
    MASSACHUSETTS STATE SCIENCE FAIR
    955 MASSACHUSETTS AVE 350
    CAMBRIDGE,MA02139     		NONE PC EDUCATION 8,500
    MCNEESE ALUMNI ASSOCIATION
    600 E MCNEESE ST
    LAKE CHARLES,LA70607     		NONE PC MATCHING GIFTS 150
    MCNEESE STATE UNIVERSITY
    PO BOX 91989
    LAKE CHARLES,LA70609     		NONE PC EDUCATION 6,000
    MEALS ON WHEELS OF CENTRAL MARYLAND
    515 SOUTH HAVEN STREET
    BALTIMORE,MD21224     		NONE PC HEALTH AND SOCIAL WELFARE 7,500
    MIDDLE TENNESSEE STATE UNIVERSITY
    110 COPE ADMINISTRATION BLDG
    MURFREESBORO,TN37132     		NONE PC EDUCATION 7,000
    MOUNT ST JOSEPH HIGH SCHOOL
    4403 FREDERICK AVE
    BALTIMORE,MD21229     		NONE PC MATCHING GIFTS 1,250
    MUSCULAR DYSTROPHY ASSOCIATION
    222 S RIVERSIDE PLAZA SUITE 1500
    CHICAGO,IL60606     		NONE PC HEALTH AND SOCIAL WELFARE 1,720
    MUSEUM OF SCIENCE
    1 SCIENCE PARK
    BOSTON,MA02114     		NONE PC URBAN, CIVIC, CULTURE 3,000
    MY SISTER'S CIRCLE INC
    261 STANMORE RD
    BALTIMORE,MD21212     		NONE PC URBAN, CIVIC, CULTURE 5,000
    NATIONAL AQUARIUM IN BALTIMORE
    501 EAST PRATT STREET
    BALTIMORE,MD21202     		NONE PC URBAN, CIVIC, CULTURE, EDUCATION 15,000
    NATIONAL CENTER FOR LEARNING DISABILITIES
    381 PARK AVENUE SOUTH SUITE 1401
    NEW YORK,NY10016     		NONE PC HEALTH AND SOCIAL WELFARE 5,000
    NATIONAL KIDNEY FOUNDATION OF MARYLAND
    1301 YORK RD STE 404
    LUTHERVILLE,MD21093     		NONE PC HEALTH AND SOCIAL WELFARE 10,705
    NATIONAL MS SOCIETY
    2219 YORK RD 302
    TIMONIUM,MD21093     		NONE PC HEALTH AND SOCIAL WELFARE 1,080
    NATURE CONSERVANCY
    PO BOX 4125
    BATON ROUGE,LA70821     		NONE PC URBAN, CIVIC, CULTURE 2,000
    NEEDHAM PUBLIC SCHOOLS
    1330 HIGHLAND AVE
    NEEDHAM,MA02492     		NONE PC MATCHING GIFTS 3,000
    NETWORK 2000
    1228 N CALVERT STREET
    BALTIMORE,MD21202     		NONE PC URBAN, CIVIC, CULTURE 3,500
    NEW ENGLAND CONSERVATORY
    290 HUNTINGTON AVENUE
    BOSTON,MA02115     		NONE PC MATCHING GIFTS 500
    NEW YORK UNIVERSITY
    25 WES 4TH ST 4TH FL
    NEW YORK,NY10012     		NONE PC MATCHING GIFTS 1,000
    NORTHEASTERN UNIVERSITY MBA PROGRAM
    312 DODGE HALL 360 HUNTINGTON
    AVENUE
    BOSTON,MA02115     		NONE PC EDUCATION 5,000
    NORTHERN ILLINOIS FOOD BANK
    273 DEARBORN COURT
    GENEVA,IL60134     		NONE PC HEALTH AND SOCIAL WELFARE 2,000
    PARTNERS IN EXCELLENCE
    320 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC EDUCATION 10,000
    PAUL J KELLEY JR CHARITABLE FOUNDATION INC
    6030 DAYBREAK CIR STE A150
    CLARKSVILLE,MD21029     		NONE PC HEALTH AND SOCIAL WELFARE 2,500
    POPE SAINT JOHN XXIII NATIONAL SEMINARY
    558 SOUTH AVE
    WESTON,MA02493     		NONE PC MATCHING GIFTS 250
    PUBLIC EDUCATION PARTNERS
    PO BOX 3821
    AIKEN,SC29802     		NONE PC EDUCATION 1,000
    REBUILDING TOGETHER MONTGOMERY COUNTY
    3925 PLYERS MILL ROAD SUITE 202
    KENSINGTON,MD20895     		NONE PC HEALTH AND SOCIAL WELFARE 2,500
    REGIS COLLEGE
    BOX 30 235 WELLESLEY ST
    WESTON,MA02493     		NONE PC MATCHING GIFTS 500
    RIVER HILL ROBOTICS FRC ROBOTICS
    12101 CLARKSVILLE PIKE RT 108
    CLARKSVILLE,MD21029     		NONE PC EDUCATION 1,000
    ROLAND PARK COUNTRY SCHOOL - NEXT STEP PROGRAM
    5204 ROLAND AVENUE
    BALTIMORE,MD21210     		NONE PC EDUCATION 10,000
    ROTARY CLUB OF COLUMBIA
    PO BOX 1292
    COLUMBIA,MD21044     		NONE PC URBAN, CIVIC, CULTURE 2,600
    SAINT ANSELM COLLEGE
    100 SAINT ANSELM DR
    MANCHESTER,NH03102     		NONE PC MATCHING GIFTS 500
    SCHOLARSHIP AMERICA (NEW & RENEWAL SCHOLARSHIPS)
    ONE SCHOLARSHIP WAY
    ST PETERS,MN56082     		NONE PC EDUCATION 77,000
    SHARE OUR STRENGTH
    PO BOX 75203
    BALTIMORE,MD21275     		NONE PC URBAN, CIVIC, CULTURE 6,072
    SISKEN CHILDREN'S INSTITUTE
    1101 CARTER STREET
    CHATTANOOGA,TN37402     		NONE PC HEALTH AND SOCIAL WELFARE 3,600
    SOARING EAGLE ACADEMY
    8320 SOUTH MADISON STREET
    BURR RIDGE,IL60527     		NONE PC EDUCATION 4,000
    SOUTH CARROLL HIGH SCHOOL ROBOTICS CLUB
    1300 WEST LIBERTY RD
    SYKESVILLE,MD21784     		NONE PC EDUCATION 1,000
    SOWELA TECHNICAL COMMUNITY COLLEGE FOUNDATION BOARD
    3820 SENATOR J BENNETT JOHNSTON AVE
    LAKE CHARLES,LA70615     		NONE PC EDUCATION 2,000
    ST IGNATIUS HIGH SCHOOL
    1911 W 30TH STREET
    CLEVELAND,OH44113     		NONE PC MATCHING GIFTS 2,500
    ST JOHN'S SEMINARY
    127 LAKE STREET
    BRIGHTON,MA02135     		NONE PC MATCHING GIFTS 250
    ST JUDE'S CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE PC HEALTH AND SOCIAL WELFARE 3,000
    ST MICHAEL'S COLLEGE
    ONE WINOOSKI PARK
    COLCHESTER,VT05439     		NONE PC MATCHING GIFTS 100
    STARBOARD SOCIETY
    76 CRANBROOK ROAD STE 246
    COCKEYSVILLE,MD21030     		NONE PC URBAN, CIVIC, CULTURE 500
    STELLA MARIS INC
    2300 DULANEY VALLEY ROAD
    TIMONIUM,MD21093     		NONE PC HEALTH AND SOCIAL WELFARE 2,500
    SUSAN G KOMEN FOR THE CURE NEW ORLEANS
    4141 VETERANS MEMORIAL BLVD SUITE
    202
    METAIRIE,LA70001     		NONE PC HEALTH AND SOCIAL WELFARE 1,860
    SUSAN G KOMEN FOR THE CURE
    PO BOX 4438
    CHATTANOOGA,TN37405     		NONE PC HEALTH AND SOCIAL WELFARE 730
    TEXAS STATE CONCRETE INDUSTRY MANAGEMENT PROGRAM
    900 CONGRESS AVE STE 200
    AUSTIN,TX78701     		NONE PC EDUCATION 3,000
    THE COOPER UNION
    30 COOPER SQUARE
    NEW YORK,NY10003     		NONE PC MATCHING GIFTS 100
    THE FAMILY TREE
    2108 NORTH CHARLES STREET
    BALTIMORE,MD21218     		NONE PC URBAN, CIVIC, CULTURE 3,500
    THE REGENTS OF THE UNIVERSITY OF MICHIGAN
    DEPT CH 10189
    PALANTINE,IL60055     		NONE PC MATCHING GIFTS 3,000
    THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    433 FRANKLIN BUILDING 3451 WALNUT
    STREET
    PHILADELPHIA,PA19104     		NONE PC MATCHING GIFTS 3,000
    THE UNIVERSITY OF CONNECTICUT FOUNDATION INC
    2390 ALUMNI DR
    STORRS,CT06269     		NONE PC MATCHING GIFTS 1,000
    THE UNIVERSITY OF TENNESSEE
    600 HENLEY ST STE B028
    KNOXVILLE,TN37996     		NONE PC MATCHING GIFTS 750
    TOWSON UNIVERSITY FOUNDATION
    8000 YORK ROAD
    TOWSON,MD21252     		NONE PC MATCHING GIFTS 500
    UC FOUNDATION
    DEPT 6806 615 MCCALLIE AVE
    CHATTANOOGA,TN37403     		NONE PC MATCHING GIFTS 100
    ULMAN CANCER FUND
    6310 STEVENS FOREST ROAD SUITE 210
    COLUMBIA,MD21046     		NONE PC HEALTH AND SOCIAL WELFARE 3,000
    UNITED STATES MERCHANT MARINE ACADEMY
    BABSON CENTER 300 STEAMBOAT ROAD
    KINGS POINT,NY11024     		NONE PC MATCHING GIFTS 1,000
    UNITED WAY OF CHATTANOOGA
    630 MARKET STREET
    CHATTANOOGA,TN37405     		NONE PC URBAN, CIVIC, CULTURE 623
    UNITED WAY
    PO BOX 933875
    ATLANTA,GA31193     		NONE PC UNITED WAY 94,125
    UNIVERSITY OF BALTIMORE
    1130 N CHARLES ST
    BALTIMORE,MD21201     		NONE PC MATCHING GIFTS 500
    UNIVERSITY OF CALIFORNIA - DAVIS
    ONE SHIELDS AVE
    DAVIS,CA95616     		NONE PC MATCHING GIFTS 3,000
    UNIVERSITY OF DELAWARE
    83 E MAIN ST 3RD FL
    NEWARK,DE19716     		NONE PC MATCHING GIFTS 100
    UNIVERSITY OF ILLINOIS FOUNDATION
    1305 WEST GREEN ST
    URBANA,IL61801     		NONE PC MATCHING GIFTS 300
    UNIVERSITY OF KENTUCKY
    343 WALLER AVE STE 303
    LEXINGTON,KY40504     		NONE PC MATCHING GIFTS 500
    UNIVERSITY OF MARYLAND - COLLEGE PARK FOUNDATION (AICHE CHEM E-CAR)
    4603 CALVERT RD
    COLLEGE PARK,MD20742     		NONE PC EDUCATION 2,500
    UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION
    4191 SAMUEL RIGGS ALUMNI CENTER
    COLLEGE PARK,MD20742     		NONE PC MATCHING GIFTS 3,650
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
    PO BOX 309
    CHAPEL HILL,NC27514     		NONE PC MATCHING GIFTS 2,000
    UNIVERSITY OF PENNSYLVANIA
    433 FRANKLIN BUILDING 3451 WALNUT
    STREET
    PHILADELPHIA,PA19104     		NONE PC MATCHING GIFTS 100
    UNIVERSITY OF TENNESSEE
    600 HENLEY ST STE B028
    KNOXVILLE,TN37996     		NONE PC MATCHING GIFTS 500
    UNIVERSITY OF TEXAS AT AUSTIN
    PO BOX 7458
    AUSTIN,TX78713     		NONE PC MATCHING GIFTS 1,500
    VOLUNTEERS OF AMERICA
    7901 ANNAPOLIS ROAD
    LANHAM,MD20706     		NONE PC URBAN, CIVIC, CULTURE 5,000
    WILD LAKE BOOSTERS
    5460 TRUMPETER ROAD
    COLUMBIA,MD21044     		NONE PC URBAN, CIVIC, CULTURE 500
    WTCI - 8TH ANNUAL WOMEN SPANNING THE GLOBE
    401 EAST PRATT STREET SUITE 232
    BALTIMORE,MD21202     		NONE PC HEALTH AND SOCIAL WELFARE 5,000
    WVU FOUNDATION
    PO BOX 1650
    MORGANTOWN,WV26507     		NONE PC MATCHING GIFTS 750
    Total .................................bullet 3a 713,286
    bApproved for future payment
    AMERICAN CHEMICAL SOCIETY
    1155 16TH ST NW
    WASHINGTON,DC20036     		NONE PC EDUCATION 25,000
    INSTITUTE OF NOTRE DAME
    900 CONGRESS AVE STE 200
    BALTIMORE,MD21202     		NONE PC EDUCATION 30,000
    KIPP DC
    1003 K STREET NW STE 700
    WASHINGTON,DC20001     		NONE PC EDUCATION 100,000
    NATIONAL KIDNEY FOUNDATION OF MARYLAND
    1301 YORK RD STE 404
    LUTHERVILLE,MD21093     		NONE PC HEALTH AND SOCIAL WELFARE 10,000
    PARTNERS IN EXCELLENCE
    320 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC EDUCATION 20,000
    ROLAND PARK COUNTRY SCHOOL - NEXT STEP PROGRAM
    5204 ROLAND AVENUE
    BALTIMORE,MD21210     		NONE PC EDUCATION 10,000
    Total .................................bullet 3b 195,000
    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....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 423  
    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).. 0 423 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13423
    (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
    WR GRACE FOUNDATION INC
     
    Employer identification number

    65-0630671
    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
    WR GRACE FOUNDATION INC
          		Employer identification number

    65-0630671
    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
     
     

    WR GRACE  
    7500 GRACE DRIVE
     
    COLUMBIA, MD21044

    		$650,000


    (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.)
    (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.)
    (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
    WR GRACE FOUNDATION INC
          		Employer identification number

    65-0630671
    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
    WR GRACE FOUNDATION INC
          		Employer identification number

    65-0630671
    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 AccountingFeesSchedule
    Name:
    WR GRACE FOUNDATION INC
    EIN: 65-0630671
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,257 1,128 0 0

    TY 2014 DissolutionStmt
    Name:
    WR GRACE FOUNDATION INC
    EIN: 65-0630671
    Dissolution Name Dissolution Address Explanation Dissolution Amount
    NONE
    OC     		SEE ATTACHED STATEMENT PERTAINING TO FORM 990-PF, PART VII-A, LINE 5 0


    TY 2014 GeneralExplanationAttachment
    Name:
    WR GRACE FOUNDATION INC
    EIN: 65-0630671
    Identifier Return Reference Explanation
    GRANT DISBURSEMENTS BY CATEGORY FORM 990-PF, PART XV EDUCATION 241,600MATCHING GIFT CHECKS 46,550HEALTH, SCIENCE AND SOCIAL WELFARE 187,905URBAN, CIVIC AND CULTURE 143,106UNITED FUNDS/COMMUNITY CHESTS 94,125TOTAL GRANTS AS OF DECEMBER 31, 2014 713,286

    TY 2014 LiquidationExplanationStmt
    Name:
    WR GRACE FOUNDATION INC
    EIN: 65-0630671
    Statement:
    AFTER REVIEWING THE 2014 W.R. GRACE FOUNDATION FUNDED STATUS, IT WAS DETERMINED THAT THE BALANCE AVAILABLE, ALONG WITH THE 2014 CONTRIBUTIONS RECEIVED TO DATE, WERE ADEQUATE TO FULFILL THE 2014 EXPENSES AND DISBURSEMENTS. THE CURRENT YEAR EXPENSES, COMBINED WITH GRANT OUTLAYS, RESULTED IN A SUBSTANTIAL CONTRACTION.


    TY 2014 OtherExpensesSchedule
    Name:
    WR GRACE FOUNDATION INC
    EIN: 65-0630671
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT AND BANK FEES 443 443 0 0
    SCHOLARSHIP AMERICA 5,870 0 0 5,870
    VERSAIC 14,500 0 0 0
    POSTAGE FEE 17 9 0 0


    TY 2014 OtherIncomeSchedule2
    Name:
    WR GRACE FOUNDATION INC
    EIN: 65-0630671
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLASS ACTION LAWSUIT INCOME 423 423