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
WORTHINGTON FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 4311   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TRAVERSE CITY, MI49685
A Employer identification number

26-4445573
B Telephone number (see instructions)

(734) 662-2522
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$4,789,511J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 17 17  
4 Dividends and interest from securities...... 155,711 124,802  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 198,976
b Gross sales price for all assets on line 6a 1,673,659
7 Capital gain net income (from Part IV, line 2)... 198,976
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 32    
12 Total. Add lines 1 through 11........ 354,736 323,795  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 31,024 18,731    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 302      
19 Depreciation (attach schedule) and depletion... Click to see attachment 69    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 31,395 18,731   0
25 Contributions, gifts, grants paid........ 290,000 290,000
26 Total expenses and disbursements. Add lines 24 and 25 321,395 18,731   290,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 33,341
b Net investment income (if negative, enter -0-) 305,064
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 7,947 15,098 15,098
2 Savings and temporary cash investments..........   198,877 198,877
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) 829,776 Click to see attachment795,228 866,650
b Investments—corporate stock (attach schedule)........ 2,954,084 Click to see attachment3,025,658 3,334,925
c Investments—corporate bonds (attach schedule)........ 356,485 Click to see attachment283,565 373,961
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 bullet1,657
Less: accumulated depreciation (attach schedule) bullet69   1,588  
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,148,292 4,320,014 4,789,511
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 4,148,292 4,320,014
30 Total net assets or fund balances (see instructions)...... 4,148,292 4,320,014
31 Total liabilities and net assets/fund balances (see instructions).. 4,148,292 4,320,014
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 4,148,292
2 Enter amount from Part I, line 27a..................... 2 33,341
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 138,381
4 Add lines 1, 2, and 3.......................... 4 4,320,014
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,320,014
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 158SHS-3M CO P 2013-12-12 2014-04-08
b 127SHS-COSTCO WHSL CORP NEW P 2013-12-16 2014-06-24
c 300SHS-GENERAL MILLS INC. P 2013-12-12 2014-03-19
d 983SHS-MASCO CORP P 2014-03-25 2014-06-24
e 115SHS-STARBUCKS, INC. P 2013-12-12 2014-01-14
242SHS-TJX COS INC NEW P 2013-12-12 2014-05-23
287SHS-ABBVIE INC P 2013-12-12 2014-03-19
180SHS-CREE INC. P 2013-12-13 2014-10-10
143SHS-GILEAD SCIENCES INC P 2013-12-12 2014-02-26
394.683SHS-MFS SER TR I VALUE FD P 2011-10-26 2014-09-03
284SHS-STATE STR CORP P 2013-12-12 2014-06-24
1893.939SHS-TRANSAMERICA FUNDS TACTI P 2012-03-16 2014-09-03
134SHS-ACCENTURE PLC IRELAND SHARES P 2013-12-12 2014-04-08
115SHS-CUMMINS, INC P 2013-12-12 2014-04-08
11SHS-HAWAIIAN ELEC INDS INC P 2013-12-12 2014-02-13
294SHS-MONDELEZ INTL INC P 2013-12-12 2014-03-20
169.033SHS-T ROWE PRICE EQUITY INC F P 2014-06-27 2014-06-30
374SHS-VANGUARD FTSE P 2014-01-15 2014-10-09
40000SHS-AMER MUN PWR-OH INC PRAIRIE P 2009-03-27 2014-04-30
135SHS-CVS CAREMARK CORP P 2013-12-12 2014-01-14
170SHS-IAC/INTERACTIVE CORP P 2013-12-12 2014-01-03
295.632SHS-MUNDER SER TR MID CAP COR P 2011-03-02 2014-09-03
516.494SHS-T ROWE PRICE BLUE CHIP GR P 2011-09-16 2014-09-03
76SHS-VF CORPORATION P 2013-12-12 2014-01-14
2062.136SHS-AMG FUNDS YACKTMAN FOC F P 2012-07-26 2014-09-03
161SHS-DIAGEO PLC P 2013-12-12 2014-10-03
76.358SHS-JENSEN PORTFOLIO INC CLASS P 2014-06-26 2014-07-29
301SHS-NASDAQ QMX GROUP P 2014-04-29 2014-06-24
2593.274SHS-T ROWE PRICE EQUITY INC P 2011-12-14 2014-06-30
78SHS-VISA INC CLASS A P 2014-03-26 2014-06-24
50000SHS-BANK OF AMERICA CORP B/E 5. P 2010-05-21 2014-05-28
580.694SHS-DODGE & COX FDS INTL STK P 2012-03-05 2014-09-03
1656.128SHS-JENSEN PORTFOLIO INC CLA P 2011-12-27 2014-07-29
50000SHS-OHIO CNTY W VA CNTY COMMN S P 2010-04-12 2014-04-22
1021.547SHS-T ROWE PRICE EQUITY INC P 2013-06-27 2014-06-30
116SHS-VMWARE INC, CLASS A P 2013-12-12 2014-04-24
1867SHS-BARCLAYS PLC ADR P 2014-05-05 2014-05-12
8264.463SHS-DOUBLELINE FDS TR TOT RE P 2011-05-02 2014-01-15
34.744SHS-JENSEN PORTFOLIO INC CLASS P 2013-06-17 2014-07-29
64SHS-ONE GAS INC P 2013-12-12 2014-02-13
183SHS-T ROWE PRICE GROUP INC P 2014-03-26 2014-06-24
50SHS-WASHINGTON PRIME GROUP P 2013-12-12 2014-06-24
195SHS-BED BATH AND BEYOND P 2013-12-12 2014-01-09
4SHS-DU PONT E.I. DE NEMOURS P 2013-12-16 2014-02-13
35.0015SHS-JP MORGAN CHASE P 2013-05-01 2014-05-05
0.25SHS-ONE GAS INC. P 2013-12-12 2014-01-31
369.046SHS-T ROWE PRICE VALUE FD P 2014-06-30 2014-09-03
125.395SHS-WELLS FARGO ADVANTAGE GRO P 2011-10-26 2014-09-03
520SHS-BLACKSTONE GROUP LP P 2013-12-12 2014-03-26
1SHS-ELI LILLY & CO P 2013-12-11 2014-02-13
550.1389SHS-JP MORGAN CHASE P 2010-11-02 2014-05-05
205SHS-PETSMART INC P 2013-12-12 2014-01-09
238SHS-TARGET CORP P 2013-12-12 2014-01-14
55SHS-WYNN RESORTS LTD P 2013-12-12 2014-09-02
585SHS-BLUCORA INC P 2014-04-24 2014-06-24
253SHS-EMERSON ELECTRIC CO P 2000-12-30 2014-12-09
7.8596SHS-JP MORGAN CHASE & CO P 2013-11-01 2014-05-05
629.765SHS-PIMCO FDS PAC INVT P 2014-03-03 2014-03-19
3726.567SHS-TEMPLETON INC TR GLOBAL P 2013-02-19 2014-03-19
222SHS-XILINX INC P 2014-01-03 2014-06-24
100SHS-BOEING CO P 2000-12-11 2014-07-25
30SHS-EQUIFAX INC P 2013-12-12 2014-12-09
358.225SHS-JP MORGAN MID CAP VALUE F P 2011-10-26 2014-09-03
11296.842SHS-PIMCO FDS PAC INVT P 2013-03-01 2014-03-19
164.045SHS-TEMPLETON INC TR GLOBAL B P 2014-03-18 2014-03-19
BLACKSTONE GROUP LP K-1 P 2012-12-12 2014-03-01
15SHS-BOEING CO. P 2013-12-12 2014-07-25
1SHS-EQUIFAX INC P 2002-06-17 2014-12-09
388.196SHS-KEELEY FUNDS INC SMALL CA P 2013-02-20 2014-09-03
3839.365SHS-PRUDENTIAL ST CORP BOND P 2014-01-15 2004-09-03
65SHS-TESLA MOTORS INC P 2013-12-16 2014-02-25
68SHS-CELGENE CORP P 2014-02-26 2014-06-24
87SHS-EXPRESS SCRIPTS HLDG CO P 2003-08-19 2014-12-08
355SHS-LAZARD LTD P 2013-12-12 2014-03-26
1525SHS-REGIONS FINANCIAL CORP P 2014-05-13 2014-12-09
3210.332SHS-THORNBURG INCOME TR LTD P 2014-03-19 2014-09-03
479SHS-CIENA CORP P 2014-02-12 2014-06-06
9SHS-EXXON MOBIL CORP P 2013-12-11 2014-02-13
4177.109SHS-LOOMIS SAYLES FDS II INV P 2012-04-24 2014-01-15
200SHS-SPECTRA ENERGY CORP P 2001-04-25 2014-05-08
20SHS-TIME INC P 2013-12-12 2014-08-22
188SHS-CME GROUP INC P 2013-12-12 2014-04-08
121SHS-F5 NETWORKS INC P 2013-12-12 2014-06-24
798SHS-MANITOWOC COMPANY INC P 2014-08-22 2014-12-09
293SHS-SPLUNK INC. P 2013-12-12 2014-06-03
8.25SHS-TIME INC P 2001-01-16 2014-08-22
(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 21,097   19,957 1,140
b 14,787   14,956 -169
c 15,195   14,975 220
d 21,462   21,945 -483
e 8,662   8,833 -171
13,428   14,953 -1,525
15,216   14,975 241
5,561   10,050 -4,489
12,013   10,086 1,927
13,806   8,813 4,993
19,375   19,968 -593
20,000   19,220 780
10,487   10,004 483
16,494   14,919 1,575
291   277 14
10,008   9,980 28
5,830   5,415 415
19,673   22,046 -2,373
40,000   40,000  
9,230   9,148 82
11,530   10,014 1,516
13,806   7,696 6,110
35,612   20,092 15,520
4,588   4,415 173
55,224   40,600 14,624
18,953   19,912 -959
2,921   2,834 87
11,476   10,988 488
89,442   60,094 29,348
16,387   17,004 -617
50,000   50,000  
27,612   18,995 8,617
63,347   47,214 16,133
52,000   49,997 2,003
35,233   24,913 10,320
11,154   10,011 1,143
32,284   32,083 201
90,000   91,003 -1,003
1,329   1,058 271
2,083   1,893 190
15,290   14,963 327
960   889 71
13,515   15,039 -1,524
256   244 12
1,896   1,444 452
8   7 1
13,806   13,610 196
6,903   4,620 2,283
17,156   15,005 2,151
53   50 3
29,800   24,415 5,385
14,053   14,995 -942
14,629   15,000 -371
10,080   9,918 162
10,921   11,116 -195
15,864   18,137 -2,273
426   425 1
7,299   7,356 -57
47,812   50,159 -2,347
10,538   10,101 437
12,354   6,838 5,516
2,426   2,001 425
13,806   8,422 5,384
130,757   137,403 -6,646
2,105   2,141 -36
113     113
1,853   1,990 -137
81   31 50
6,906   5,970 936
43,500   43,692 -192
16,215   9,690 6,525
11,688   11,103 585
7,389   5,618 1,771
16,670   14,978 1,692
15,745   16,006 -261
43,500   43,051 449
10,887   11,005 -118
822   858 -36
50,000   50,430 -430
7,931   1,900 6,031
478   427 51
12,627   14,979 -2,352
13,341   9,990 3,351
19,222   17,259 1,963
16,223   19,950 -3,727
197   122 75
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,140
b       -169
c       220
d       -483
e       -171
      -1,525
      241
      -4,489
      1,927
      4,993
      -593
      780
      483
      1,575
      14
      28
      415
      -2,373
       
      82
      1,516
      6,110
      15,520
      173
      14,624
      -959
      87
      488
      29,348
      -617
       
      8,617
      16,133
      2,003
      10,320
      1,143
      201
      -1,003
      271
      190
      327
      71
      -1,524
      12
      452
      1
      196
      2,283
      2,151
      3
      5,385
      -942
      -371
      162
      -195
      -2,273
      1
      -57
      -2,347
      437
      5,516
      425
      5,384
      -6,646
      -36
      113
      -137
      50
      936
      -192
      6,525
      585
      1,771
      1,692
      -261
      449
      -118
      -36
      -430
      6,031
      51
      -2,352
      3,351
      1,963
      -3,727
      75
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 2 198,976
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 6,998
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 197,851 4,917,426 0.040235
2012 241,484 4,478,689 0.053918
2011 233,187 4,259,037 0.054751
2010 225,607 3,105,206 0.072654
2009      
2 Total of line 1, column (d) ...................... 2 0.221558
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 0.055390
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 4,747,918
5 Multiply line 4 by line 3....................... 5 262,987
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,051
7 Add lines 5 and 6......................... 7 266,038
8 Enter qualifying distributions from Part XII, line 4.............. 8 290,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,051
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,051
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,051
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 3,300
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,300
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,600
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 3,549
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,549 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    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)
    bulletMI
    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.WORTHINGTON-FAMILY-FOUNDATION.ORG
    14
    The books are in care ofbulletDOUGLAS R WORTHINGTON Telephone no.bullet (248) 267-3222
    Located atbulletPO BOX 4311TRAVERSE CITYMI ZIP+4bullet49685
    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
     
     
    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
    DR RUTH A WORTHINGTON PRESIDENT
    15.00     		0 0 0
    PO BOX 4311
    TRAVERSE CITY,MI49685
    WILLIAM R WORTHINGTON JR VICE PRESIDE
    15.00     		0 0 0
    PO BOX 4311
    TRAVERSE CITY,MI49685
    NANCY B WORTHINGTON SECRETARY
    15.00     		0 0 0
    PO BOX 4311
    TRAVERSE CITY,MI49685
    DOUGLAS R WORTHINGTON TREASURER
    15.00     		0 0 0
    PO BOX 4311
    TRAVERSE CITY,MI49685
    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  
    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.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,618,336
    b
    Average of monthly cash balances.......................
    1b
    201,885
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,820,221
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    4,820,221
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    72,303
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,747,918
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    237,396
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    237,396
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    3,051
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,051
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    234,345
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    234,345
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    234,345
    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
    290,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    290,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    3,051
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    286,949
    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 7 234,345
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010....... 35,226
    c From 2011....... 22,988
    d From 2012....... 21,692
    e From 2013.......  
    fTotal of lines 3a through e......... 79,906
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 290,000
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 234,345
    e Remaining amount distributed out of corpus 55,655
    5 Excess distributions carryover applied to 2014.    
    (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 5 135,561
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		135,561
    10 Analysis of line 9:
    a Excess from 2010.... 35,226
    b Excess from 2011.... 22,988
    c Excess from 2012.... 21,692
    d Excess from 2013....  
    e Excess from 2014.... 55,655
    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:
    NAN WORTHINGTON
    PO BOX 4311
    TRAVERSE CITY,MI49685
    (248) 267-3249
    bThe form in which applications should be submitted and information and materials they should include:
    REQUESTS FOR GRANTS ARE PROCESSED ON AN ANNUAL BASIS. THE SUBMISSIONS ARE CAREFULLY REVIEWED BY THE BOARD OF DIRECTORS DURING JUNE THROUGH AUGUST, WITH THE AWARDS GIVEN EARLY SEPTEMBER. THE REQUESTS SHOULD BE MADE ON THE ORGANIZATION WEBSITE AT WORTHINGTON-FAMILY-FOUNDATION.ORG.
    cAny submission deadlines:
    BETWEEN FEBRUARY 1 AND MAY 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    DISTRIBUTIONS CAN BE USED FOR THE CONTINUANCE AND DEVELOPMENT OF PROGRAMS, EXTEND ASSISTANCE IN THE COORDINATION OF THE WORK OF THE INSTITUTION; AND TO AID IN THE PLANNING AND DEVELOPMENT OF A GENERAL SOCIAL WELFARE PROGRAM WHICH SHALL BEST FULFILL THE HEALTH, WELFARE, CHARACTER BUILDING, AND RECREATIONAL NEEDS OF THE INSTITUTION. DETAILED GUIDELINES ARE FOUND IN THE PROPOSAL REQUEST DOCUMENT.
    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
    AU SABLE INST OF ENVIRON STUDIES
    7526 SUNSET TRAIL NE
    MANCELONA,MI49659     		  501(C)3 ADOPT-A-CLASS ENVIRONMENTAL PROGRAM 20,000
    BALLET CHELSEA
    PO BOX 591
    CHELSEA,MI48118     		  501(C)3 WALL MOUNTED BARRES FOR STUDIO 19,300
    ECOLOGY CENTER
    339 E LIBERTY STE 300
    ANN ARBOR,MI48104     		  501(C)3 ENVIRONMENTAL EDUCATION PROGRAMS 62,266
    LIVONIA SYMPHONY ORCHESTRA
    37637 FIVE MILE RD PMB
    LIVONIA,MI48154     		  501(C)3 MUSICAL ENCOURAGEMENT FOR STUDENTS 7,000
    MICHIGAN OPERA THEATRE
    1526 BROADWAY
    DETROIT,MI48226     		  501(C)3 LOW INCOME STUDENTS OPERA EXPERIENCE 26,000
    MSU OPERA THEATRE
    102 MUSIC BUILDING
    EAST LANSING,MI488241043     		  501(C)3 COSTUME/WIG RENTAL & GUEST TEACHER 22,000
    MSU WHARTON CENTER
    750 E SHAW LANE
    EAST LANSING,MI48824     		  501(C)3 2015 TC YOUNG PLAYWRIGHTS FESTIVAL 10,000
    MSU WKAR AMFMTV
    404 WILSON RD RM 212
    EAST LANSING,MI48824     		  501(C)3 NEW TV SERIES "FORTE" HS BANDS/ORCH 12,242
    OLD TOWN PLAYHOUSE
    PO BOX 262
    TRAVERSE CITY,MI49685     		  501(C)3 UNDERWRITE CURRENT AND NEW PROGRAMS 58,970
    PEWABIC POTTERY
    10125 E JEFFERSON
    DETROIT,MI48214     		  501(C)3 RENOVATION OF OUTDOOR EDUCATION CT. 22,582
    SEEDS
    PO BOX 2454
    TRAVERSE CITY,MI49685     		  501(C)3 GUEST EDUCATORS; RETREAT; TRAVEL 9,640
    WEST VIRGINIA SYMPHONY ORCHESTRA
    PO BOX 2292
    CHARLESTON,WV25328     		  501(C)3 STRING EDUCATION PARTNERSHIP - YOUTH 20,000
    Total .................................bullet 3a 290,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		        17
    4 Dividends and interest from securities....         155,711
    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 .............     		        198,976
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aBLACKSTONE GROUP LP K-1 - ORD         2
    bBLACKSTONE GROUP LP K-1-1231         25
    cBLACKSTONE GROUP LP K-1 -RENT         2
    dBLACKSTONE GROUP LP K-1 - ROY         3
    e
    12 Subtotal. Add columns (b), (d), and (e)..     354,736
    13Total. Add line 12, columns (b), (d), and (e)..................
    13354,736
    (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

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

    TY 2014 DepreciationSchedule
    Name:
    WORTHINGTON FAMILY FOUNDATION
    EIN: 26-4445573
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    APPLE COMPUTER C1MNK 2014-10-29 1,657   S/L 4.0000 69      

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    WORTHINGTON FAMILY FOUNDATION
    EIN: 26-4445573
    Name of Bond End of Year Book Value End of Year Fair Market Value
    WACHOVIA BANK CPN 6.6% DUE 1/15/38 41,585 62,505
    GTE CALIF 41,278 50,906
    GTE NORTH INC. 9,202 9,333
    GENERAL ELEC CAP 39,855 61,583
    PROGRESSIVE CORP SENIOR NOTES 26,645 39,028
    BANK OF AMERICA CPN 6.05% DUE 2/15/3 25,000 29,360
    BANK OF AMERICA    
    DUKE CAPITAL CORP 100,000 121,246
    COGNIZANT TECHNOLOGY SOLUTIONS    

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    WORTHINGTON FAMILY FOUNDATION
    EIN: 26-4445573
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO    
    ABBVIE INC    
    ACCENTURE PLC IRELAND    
    227SHS-AETNA INC (NEW) 17,959 20,164
    200SHS-AMERICAN TOWER CORP 15,373 19,770
    224SHS-AMERISOURCEBERGEN CORP 15,243 20,196
    245SHS-APPLE 19,747 27,043
    600SHS-APPLIED MATERIALS 10,018 14,952
    376SHS-ARROS GROUP INC (NEW) 10,972 11,351
    904SHS-ATT INC NEW 30,233 30,365
    225SHS-BAXTER INTERNATIONAL INC 14,976 16,490
    BED BATH AND BEYOND    
    BLACKSTONE GROUP LP    
    BOEING    
    145SHS-CHEVRON CORP 16,450 16,266
    218SHS-CITIGROUP INC (NEW) 12,001 11,796
    CME GROUP INC    
    571SHS-CMS ENERGY CORP 17,101 19,842
    320SHS-COGNIZANT TECHNOLOGY SOLUTION 14,933 16,851
    2000SHS-COMCAST CORP 50,000 50,680
    306SHS-COMCAST CORP NEW 12,470 17,751
    337SHS-CON-WAY INC 16,360 16,574
    137SHS-CONSTELLATION BRANDS INC 11,960 13,449
    130SHS-COSTCO WHSL CORP NEW 17,123 18,428
    CREE INC    
    82SHS-CUMMINS INC 12,014 11,822
    235SHS-CVS CAREMARK CORP 16,773 22,633
    DIAGEO PLC    
    DU PONT E I DE MOUR    
    200SHS-EMERSON ELECTRIC 9,177 12,346
    2000SHS-ENTERGY LOUISIANA LLC 49,712 50,539
    124SHS-EOG RESOURCES INC 11,169 11,417
    200SHS-EQUIFAX INC 6,425 16,174
    100SHS-EVEREST RE GROUP LTD 16,376 17,030
    209SHS-EXPRESS SCRIPTS HLDG CO 13,960 17,696
    EXXON MOBIL CORP    
    F5 NETWORKS INC    
    170SHS-FACEBOOK 10,732 13,263
    14SHS-FAIRPOINT COMMUNICATIONS 118  
    600SHS-FREEPORT-MCMORAN INC CLASSB 19,999 14,016
    1128SHS-GENERAL ELECTRIC 39,111 28,505
    GENERAL MILLS    
    140SHS-GILEAD SCIENCES INDS INC 9,875 13,196
    GLOBAL CLEAN ENERGY    
    HAWAIIAN ELEC INDUSTRIES    
    495SHS-HILTON WORLDWIDE HOLDINGS INC 11,225 12,915
    211SHS-HOME DEPOT 16,785 22,149
    376SHS-HSBC HOLDING PLC SPON ADR 19,972 17,758
    1700SHS-HUNTINGTON BANCSHRES INC 16,007 17,884
    IAC INTERACTIVECORP    
    600SHS-INTEL CORP 15,477 21,774
    2500SHS-ISHARES ET GLOBAL ENERGY 25,575 24,200
    398SHS-JOHNSON AND JOHNSON 27,271 41,619
    300SHS-JOHNSON CONTROLS 15,146 14,502
    260SHS-JP MORGAN CHASE AND CO 15,034 16,271
    1000SHS-JP MORGAN CHASE CAP XXIX 24,765 25,400
    LAZARD LTD    
    LILLY ELI AND COMPANY    
    262SHS-KRAFT FOODS GROUP 15,007 16,417
    MANITOWAC COMPANY INC    
    305SHS-MERCK AND CO INC NEW 20,865 17,321
    266SHS-MICROSOFT 9,971 12,356
    MODELEZ INTL INC    
    180SHS-NEXTERA ENERGY INC 14,961 19,132
    227SHS-NORFOLK SOUTHERN CORP 19,978 24,881
    257SHS-ONEOK INC NEW 13,090 12,796
    243SHS-PACKAGING CORP OF AMERICA 14,953 18,966
    103SHS-PERRIGO CO PLC 15,929 17,217
    PETSMART INC    
    720SHS-PNC FINL SVCS GROUP INC 18,000 17,215
    75SHS-PRECISION CASTPARTS CORP 17,944 18,066
    168SHS-PRUDENTIAL FINANCIAL 14,945 15,197
    2000SHS-PUBLIC STORAGE 50,000 45,900
    275SHS-QUALCOMM INC 19,992 20,441
    463SHS-RACKSPACE HOSTING INC 14,973 21,673
    142SHS-SCHLUMBERGER LTD 12,014 12,128
    100SHS-SIMON PROPERTY GROUP REIT INC 13,969 18,211
    492SHS-SOLARCITY CORP 26,081 26,312
    400SHS-SPECTRA ENERGY CORP 7,268 14,520
    200SHS-SPLUNK INC 11,512 11,790
    1350SHS-SPORTSMANS WAREHOUSE HOLDING 9,992 9,882
    260SHS-ST JUDE MEDICAL INC 15,016 16,908
    230SHS-STARBUCKS 17,703 18,872
    STATE STR CORP    
    TARGET    
    60SHS-TELSA MOTORS 11,186 13,345
    421SHS-TEXTRON INC 16,743 17,728
    226SHS-TIME WARNER INC NEW 13,023 19,305
    TJX COS INC NEW    
    153SHS-TOYOTA MTR CORP ADR 17,928 19,198
    375SHS-UNILEVER PLC SPONS ADR 14,745 15,180
    150SHS-UNITED STATES POSTAL SERVICES 15,192 16,676
    185SHS-UNITED TECHNOLOGIES CORP 19,962 21,275
    279SHS-UNITEDHEALTH GROUP 20,015 28,204
    570SHS-USG CORP NEW 16,003 15,954
    184SHS-V F CORPORATION 10,688 13,782
    50SHS-VISA INC CLASS A 12,686 13,110
    VMWARE INC. CLASS    
    WYNN RESORTS LTD    
    1013.309SHS-DODGE & COX FDS INTL STK 36,454 42,670
    7843.335SHS-DOUBLELINE FDS TR 88,343 86,041
    2150.427SHS-HARRIS ASSOC INVT TR OAK 54,600 50,191
    JENSEN PORTFOLIO INC    
    6043.386SHS-KEELEY FUNDS INC SMALL C 95,439 104,551
    7576.559SHS-LOOMIS SAYLES FDS II INV 93,748 89,934
    3021.079SHS-MFS SER TR I VALUE FD 70,526 106,070
    1340.892SHS-MATTHEWS INTL FD ASIAN G 24,739 24,149
    MUNDER SER TR MIDCAP CORE GRWTH    
    5073.152SHS-WELLS FARGO FUNDS TR EME 75,648 80,815
    691.576SHS-OPPENHEIMER DEV MKTS CL Y 24,313 24,247
    4108.913SHS-JP MORGAN MIDCAP VALUE 103,475 152,646
    PIMCO FDS PAC INVT MGMT SER DI    
    928.91SHS-PRIMECAP ODYSSEY FDS AGGRE 26,802 30,589
    13259.269SHS-PRUDENTIAL SHORT TERM C 150,882 148,769
    T ROWE PRICE EQUITY INC FD    
    1326.751SHS-T ROWE PRICE BLUE CHIP G 54,333 89,251
    TEMPLETON INC TR GLOBAL BD FD    
    25421.766SHS-TRANSAMERICA FUNDS TACT 261,316 259,302
    1557.334SHS-WELLS FARGO ADVANTAGE GR 60,353 75,920
    3888.146SHS-AMG FUNDS YACKTMAN FOCUS 92,868 100,625
    2726.662SHS-DELEWARE GROUP ADVISOR F 72,153 74,438
    3502.045SHS-T ROWE PRICE VALUE FD IN 128,052 121,346
    10300.915SHS-THORNBURG INVOME TR LTD 138,365 137,826
    2342.026SHS-VICTORY PORTFOLIOS MUNDE 75,309 99,770
    3741.808SHS-COHEN&STEERS PFD SECS 49,989 50,740

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    WORTHINGTON FAMILY FOUNDATION
    EIN: 26-4445573
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    795,228
    State & Local Government Securities - End of Year Fair Market Value:


    866,650


    TY 2014 OtherIncomeSchedule2
    Name:
    WORTHINGTON FAMILY FOUNDATION
    EIN: 26-4445573
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BLACKSTONE GROUP LP K-1 - ORD 2    
    BLACKSTONE GROUP LP K-1-1231 25    
    BLACKSTONE GROUP LP K-1 -RENT 2    
    BLACKSTONE GROUP LP K-1 - ROY 3    


    TY 2014 OtherIncreasesSchedule
    Name:
    WORTHINGTON FAMILY FOUNDATION
    EIN: 26-4445573
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    WORTHINGTON FAMILY FOUNDATION
    EIN: 26-4445573
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WF 2052-4161 ADVISORY FEES 19,607 11,838    
    WF 4620-6267 ADVISORY FEES 11,417 6,893    


    TY 2014 TaxesSchedule
    Name:
    WORTHINGTON FAMILY FOUNDATION
    EIN: 26-4445573
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    1 WELLS FARGO FOREIGN TAXES PD 225      
    2 WELLS FARGO FOREIGN TAXES PD 77