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
BAILEY FARMINGTON VILLAGE GREEN
AND LIBRARY TRUST

Number and street (or P.O. box number if mail is not delivered to street address)314 MAIN STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FARMINGTON, CT06032
A Employer identification number

27-0505166
B Telephone number (see instructions)

(860) 677-4697
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$0J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 8,885 8,885 8,885
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 49,183
b Gross sales price for all assets on line 6a 667,961
7 Capital gain net income (from Part IV, line 2)... 18,310
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 58,068 27,195 8,885
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,000      
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 2,100      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 428 428    
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 5,373 5,373    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,901 5,801   0
25 Contributions, gifts, grants paid........ 0 10,250
26 Total expenses and disbursements. Add lines 24 and 25 12,901 5,801   10,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 45,167
b Net investment income (if negative, enter -0-) 21,394
c Adjusted net income (if negative, enter -0-)... 8,885
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments..........   19,770  
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........ 440,800 Click to see attachment408,503  
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) 440,800 428,273 0
Liabilities 17 Accounts payable and accrued expenses..........   10,250
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) Click to see attachment305 Click to see attachment428
23 Total liabilities (add lines 17 through 22).......... 305 10,678
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 440,495 427,845
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    
30 Total net assets or fund balances (see instructions)...... 440,495 427,845
31 Total liabilities and net assets/fund balances (see instructions).. 440,800 438,523
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)............... 1 440,495
2 Enter amount from Part I, line 27a..................... 2 45,167
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 485,662
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 57,817
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 427,845
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 18,310
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 16,000 413,734 0.038672
2012 10,000 385,620 0.025932
2011 10,000 381,787 0.026193
2010 122,803 413,324 0.297111
2009 350,000 444,065 0.788173
2 Total of line 1, column (d) ...................... 2 1.176081
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 0.235216
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 437,757
5 Multiply line 4 by line 3....................... 5 102,967
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 214
7 Add lines 5 and 6......................... 7 103,181
8 Enter qualifying distributions from Part XII, line 4.............. 8 10,250
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 1 428
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........................... 3 428
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- ..... 5 428
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
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 9 428
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCT
    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 addressbulletNO WEBSITE AT THIS TIME.
    14
    The books are in care ofbulletCHRISTIAN R HOHEB ESQ Telephone no.bullet (860) 678-9345
    Located atbullet314 MAIN STREETFARMINGTONCT ZIP+4bullet06032
    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
    CHRISTIAN R HOHEB ESQ TRUSTEE
    3.00     		5,000 0 0
    322 MAIN STREET
    FARMINGTON,CT06032
    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 THE BAILEY FARMINGTON VILLAGE GREEN AND LIBRARY TRUST (TRUST) WAS CREATED UNDER THE TRUST AGREEMENT OF ALMA B. TAYLOR ON OCTOBER 3, 2005. ACCORDING TO THE TRUST AGREEMENT, THE TRUSTEE SHALL FUND PROJECTS FOR THE FARMINGTON VILLAGE GREEN AND LIBRARY ASSOCIATION (ASSOCIATION) LOCATED IN FARMINGTON, CONNECTICUT OUT OF THE NET INCOME OF THE TRUST. THE ASSOCIATION IS AN EDUCATIONAL ENTITY EXEMPT UNDER INTERNAL REVENUE SERVICE SECTION 501(C) 3. THE PROJECTS SHALL BE SELECTED IN A MANNER PURSUANT TO ARTICLE III OF THE TRUST AGREEMENT. IN THE EVENT THE FARMINGTON VILLAGE GREEN AND LIBRARY ASSOCIATION IS NO LONGER A VIABLE FINANCIAL ENTITY OR DETERMINED TO BE AN EDUCATION ENTITY UNDER INTERNAL REVENUE SERVICE SECTIONS 501(C) 3 AND 170, THEN THE TRUST CORPUS SHOULD BE DISTRIBUTED TO THE FARMINGTON VILLAGE GREEN AND LIBRARY ASSOCIATION TO PROVIDE FOR PROJECTS, ENDEAVORS OR ACQUISITIONS IN FURTHERANCE OF THEIR CHARTER BY UTILIZING THE CRITERIA ESTABLISHED IN ARTICLE III OF THE TRUST. ACCORDING TO 10,250
    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
    434,538
    b
    Average of monthly cash balances.......................
    1b
    9,885
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    444,423
    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
    444,423
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    6,666
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    437,757
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    21,888
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    21,888
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    428
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    428
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    21,460
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    21,460
    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
    21,460
    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
    10,250
    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
    10,250
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    10,250
    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 21,460
    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....... 305,445
    b From 2010....... 102,325
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 407,770
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 10,250
    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..... 10,250
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014. 11,210 11,210
    (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 5 396,560
    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) ...     		294,235
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		102,325
    10 Analysis of line 9:
    a Excess from 2010.... 102,325
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
     
    bThe form in which applications should be submitted and information and materials they should include:
     
    cAny submission deadlines:
     
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CHRISTIAN R. HOHEB, ESQ. AS TRUSTEE, WILL INVEST THE TRUST PROPERTY AND MAKE DISTRIBUTIONS ONLY TO THE FARMINGTON VILLAGE GREEN AND LIBRARY ASSOCIATION IN RESPONSE TO THE RECOMMENDATION(S) RECEIVED FROM THE SEVEN (7) MEMBER COMMITTEE OF THE ASSOCIATION. HE WILL NOT HAVE ANY AUTHORITY WITH RESPECT TO INTRODUCING THE PROPOSALS OR RECOMMENDATIONS TO ENSURE THAT THEY ARE MADE CONSISTENT WITH THE TERMS OF THE TRUST.
    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
    CONTRIBUTION EXPENSE
    37 HIGH STREET
    FARMINGTON,CT06032     		    CAPITAL IMPROVEMENTS 10,250
    Total .................................bullet 3a 10,250
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 8,885  
    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 .............     		        49,183
    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)..   8,885 49,183
    13Total. Add line 12, columns (b), (d), and (e)..................
    1358,068
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    BAILEY FARMINGTON VILLAGE GREEN
    AND LIBRARY TRUST
    EIN: 27-0505166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,100      

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

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    BAILEY FARMINGTON VILLAGE GREEN
    AND LIBRARY TRUST
    EIN: 27-0505166
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2013-01 PURCHASE 2014-07   171 146     25  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-01 PURCHASE 2014-07   1,083 1,084     -1  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-01 PURCHASE 2014-07   124 124        
    RUSSELL EMERGING MKTS-85.473 2013-01 PURCHASE 2014-09   1,716 1,652     64  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-01 PURCHASE 2014-09   3,284 2,644     640  
    RUSSELL STRATEGIC BOND CLASS S-116.3 2013-01 PURCHASE 2014-10   1,316 1,316        
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-01 PURCHASE 2015-01   1,328 1,151     177  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-01 PURCHASE 2015-01   305 264     41  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-01 PURCHASE 2015-01   2,100 1,808     292  
    RUSSELL INVT CO MULTI-STRATEGY-374.2 2013-01 PURCHASE 2015-03   3,660 3,806     -146  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2013-01 PURCHASE 2015-03   5,288 4,957     331  
    RUSSELL INVT CO COMMODITY STRATEGIES 2013-01 PURCHASE 2015-03   3,316 4,749     -1,433  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-01 PURCHASE 2015-03   8,362 9,235     -873  
    RUSSELL EMERGING MKTS-8.915 2013-01 PURCHASE 2015-03   85 85        
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-01 PURCHASE 2015-03   53 53        
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-01 PURCHASE 2015-03   5,659 5,656     3  
    RUSSELL GLBL EQUITY CLASS S-391.294 2013-01 PURCHASE 2015-03   4,633 3,733     900  
    RUSSELL STRATEGIC BOND CLASS S-1175. 2013-01 PURCHASE 2015-03   13,119 13,296     -177  
    RUSSELL STRATEGIC BOND CLASS S-4.203 2013-01 PURCHASE 2015-03   47 47        
    RUSSELL STRATEGIC BOND CLASS S-2.742 2013-01 PURCHASE 2015-03   31 31        
    RUSSELL EMERGING MKTS-73.588 2013-01 PURCHASE 2015-04   1,339 1,422     -83  
    RUSSELL INVT CO MULTI-STRATEGY-47.38 2014-12 PURCHASE 2015-05   460 462     -2  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2014-07 PURCHASE 2015-05   266 283     -17  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2014-10 PURCHASE 2015-05   87 87        
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2014-12 PURCHASE 2015-05   1,117 1,066     51  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2014-12 PURCHASE 2015-05   784 748     36  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2014-12 PURCHASE 2015-05   148 141     7  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2015-04 PURCHASE 2015-05   27 26     1  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-06 PURCHASE 2015-05   90 96     -6  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-07 PURCHASE 2015-05   91 97     -6  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-08 PURCHASE 2015-05   96 102     -6  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-09 PURCHASE 2015-05   99 105     -6  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-10 PURCHASE 2015-05   109 113     -4  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-11 PURCHASE 2015-05   120 125     -5  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-12 PURCHASE 2015-05   84 87     -3  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-12 PURCHASE 2015-05   339 335     4  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-12 PURCHASE 2015-05   151 150     1  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-12 PURCHASE 2015-05   10 10        
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2015-04 PURCHASE 2015-05   78 77     1  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2015-05 PURCHASE 2015-05   81 81        
    RUSSELL EMERGING MKTS-30.705 2014-12 PURCHASE 2015-05   565 523     42  
    RUSSELL EMERGING MKTS-25.076 2014-12 PURCHASE 2015-05   461 427     34  
    RUSSELL EMERGING MKTS-5.318 2014-12 PURCHASE 2015-05   98 91     7  
    RUSSELL EMERGING MKTS-457.272 2015-03 PURCHASE 2015-05   8,409 8,002     407  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2014-10 PURCHASE 2015-05   48 46     2  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2014-12 PURCHASE 2015-05   892 869     23  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2014-12 PURCHASE 2015-05   188 184     4  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2014-12 PURCHASE 2015-05   107 105     2  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2015-04 PURCHASE 2015-05   101 102     -1  
    RUSSELL GLBL EQUITY CLASS S-186.856 2014-12 PURCHASE 2015-05   2,261 2,117     144  
    RUSSELL GLBL EQUITY CLASS S-74.948 2014-12 PURCHASE 2015-05   907 849     58  
    RUSSELL GLBL EQUITY CLASS S-63.672 2014-12 PURCHASE 2015-05   770 721     49  
    RUSSELL US SMALL CAP EQUITY FD-80.59 2014-12 PURCHASE 2015-05   2,500 2,399     101  
    RUSSELL US SMALL CAP EQUITY FD-9.091 2014-12 PURCHASE 2015-05   282 271     11  
    RUSSELL US SMALL CAP EQUITY FD-4.023 2014-12 PURCHASE 2015-05   125 120     5  
    RUSSELL US SMALL CAP EQUITY FD-73.69 2015-03 PURCHASE 2015-05   2,286 2,271     15  
    RUSSELL INTL DEVELPD MKTS FD CLASS S 2014-12 PURCHASE 2015-05   962 878     84  
    RUSSELL INTL DEVELPD MKTS FD CLASS S 2015-03 PURCHASE 2015-05   5,871 5,610     261  
    RUSSELL STRATEGIC BOND CLASS S-5.414 2014-06 PURCHASE 2015-05   60 60        
    RUSSELL STRATEGIC BOND CLASS S-4.692 2014-07 PURCHASE 2015-05   52 52        
    RUSSELL STRATEGIC BOND CLASS S-4.711 2014-08 PURCHASE 2015-05   52 53     -1  
    RUSSELL STRATEGIC BOND CLASS S-4.972 2014-09 PURCHASE 2015-05   55 56     -1  
    RUSSELL STRATEGIC BOND CLASS S-6.448 2014-10 PURCHASE 2015-05   72 72        
    RUSSELL STRATEGIC BOND CLASS S-4.095 2014-11 PURCHASE 2015-05   45 46     -1  
    RUSSELL STRATEGIC BOND CLASS S-3.318 2014-12 PURCHASE 2015-05   37 37        
    RUSSELL STRATEGIC BOND CLASS S-48.02 2014-12 PURCHASE 2015-05   533 532     1  
    RUSSELL STRATEGIC BOND CLASS S-28.25 2014-12 PURCHASE 2015-05   313 313        
    RUSSELL STRATEGIC BOND CLASS S-12.89 2014-12 PURCHASE 2015-05   143 143        
    RUSSELL STRATEGIC BOND CLASS S-3.989 2015-04 PURCHASE 2015-05   44 45     -1  
    RUSSELL STRATEGIC BOND CLASS S-3.914 2015-05 PURCHASE 2015-05   43 44     -1  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2014-07 PURCHASE 2015-05   213 216     -3  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2014-10 PURCHASE 2015-05   237 236     1  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2014-12 PURCHASE 2015-05   5,762 5,598     164  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2014-12 PURCHASE 2015-05   2,979 2,894     85  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2014-12 PURCHASE 2015-05   263 255     8  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2015-03 PURCHASE 2015-05   28,524 28,371     153  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2015-04 PURCHASE 2015-05   292 283     9  
    RUSSELL INVT CO MULTI-STRATEGY-1187. 2013-01 PURCHASE 2015-05   11,515 12,073     -558  
    RUSSELL INVT CO MULTI-STRATEGY-8.872 2013-12 PURCHASE 2015-05   86 91     -5  
    RUSSELL INVT CO MULTI-STRATEGY-6.894 2013-12 PURCHASE 2015-05   67 71     -4  
    RUSSELL INVT CO MULTI-STRATEGY-79.30 2014-01 PURCHASE 2015-05   769 819     -50  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2013-01 PURCHASE 2015-05   10,199 9,156     1,043  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2013-04 PURCHASE 2015-05   43 40     3  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2013-07 PURCHASE 2015-05   225 201     24  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2013-10 PURCHASE 2015-05   48 46     2  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2013-12 PURCHASE 2015-05   506 470     36  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2013-12 PURCHASE 2015-05   482 447     35  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2013-12 PURCHASE 2015-05   122 114     8  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2014-01 PURCHASE 2015-05   8,398 7,834     564  
    RUSSELL INVT CO GLOBAL INFRASTRUCTUR 2014-04 PURCHASE 2015-05   59 59        
    RUSSELL INVT CO COMMODITY STRATEGIES 2013-01 PURCHASE 2015-05   12,824 17,904     -5,080  
    RUSSELL INVT CO COMMODITY STRATEGIES 2013-12 PURCHASE 2015-05   1 1        
    RUSSELL INVT CO COMMODITY STRATEGIES 2014-01 PURCHASE 2015-05   271 333     -62  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-01 PURCHASE 2015-05   5,242 5,807     -565  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-02 PURCHASE 2015-05   34 37     -3  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-03 PURCHASE 2015-05   68 74     -6  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-04 PURCHASE 2015-05   42 46     -4  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-05 PURCHASE 2015-05   61 69     -8  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-06 PURCHASE 2015-05   57 62     -5  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-07 PURCHASE 2015-05   81 85     -4  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-08 PURCHASE 2015-05   77 81     -4  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-09 PURCHASE 2015-05   68 70     -2  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-10 PURCHASE 2015-05   68 71     -3  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-11 PURCHASE 2015-05   70 74     -4  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-12 PURCHASE 2015-05   54 57     -3  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-12 PURCHASE 2015-05   95 99     -4  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-12 PURCHASE 2015-05   90 93     -3  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-12 PURCHASE 2015-05   14 14        
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-01 PURCHASE 2015-05   9,513 9,881     -368  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-02 PURCHASE 2015-05   61 63     -2  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-01 PURCHASE 2015-05   83 91     -8  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-01 PURCHASE 2015-05   97 108     -11  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2014-05 PURCHASE 2015-05   84 89     -5  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-01 PURCHASE 2015-05   85 94     -9  
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC 2013-01 PURCHASE 2015-05   53 59     -6  
    RUSSELL EMERGING MKTS-725.677 2013-01 PURCHASE 2015-05   13,345 14,027     -682  
    RUSSELL EMERGING MKTS-31.509 2013-12 PURCHASE 2015-05   579 560     19  
    RUSSELL EMERGING MKTS-7.622 2013-12 PURCHASE 2015-05   140 135     5  
    RUSSELL EMERGING MKTS-1116.722 2014-01 PURCHASE 2015-05   20,537 19,621     916  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-01 PURCHASE 2015-05   8,371 8,455     -84  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-04 PURCHASE 2015-05   131 136     -5  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-07 PURCHASE 2015-05   112 111     1  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-10 PURCHASE 2015-05   44 44        
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-12 PURCHASE 2015-05   1,108 1,005     103  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-12 PURCHASE 2015-05   195 177     18  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-12 PURCHASE 2015-05   191 173     18  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2014-01 PURCHASE 2015-05   1,263 1,155     108  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-01 PURCHASE 2015-05   174 177     -3  
    RUSSELL INVEST CO GLOBAL REAL ESTATE 2013-01 PURCHASE 2015-05   122 124     -2  
    RUSSELL GLBL EQUITY CLASS S-4344.664 2013-01 PURCHASE 2015-05   52,570 41,448     11,122  
    RUSSELL GLBL EQUITY CLASS S-78.818 2013-12 PURCHASE 2015-05   954 887     67  
    RUSSELL GLBL EQUITY CLASS S-32.204 2013-12 PURCHASE 2015-05   390 362     28  
    RUSSELL GLBL EQUITY CLASS S-10.931 2013-12 PURCHASE 2015-05   132 123     9  
    RUSSELL US SMALL CAP EQUITY FD-859.9 2013-01 PURCHASE 2015-05   26,676 22,453     4,223  
    RUSSELL US SMALL CAP EQUITY FD-88.14 2013-12 PURCHASE 2015-05   2,734 2,703     31  
    RUSSELL US SMALL CAP EQUITY FD-40.02 2013-12 PURCHASE 2015-05   1,242 1,227     15  
    RUSSELL US SMALL CAP EQUITY FD-3.039 2013-12 PURCHASE 2015-05   94 93     1  
    RUSSELL US SMALL CAP EQUITY FD-257.6 2014-01 PURCHASE 2015-05   7,994 7,898     96  
    RUSSELL INTL DEVELPD MKTS FD CLASS S 2013-01 PURCHASE 2015-05   50,215 41,850     8,365  
    RUSSELL INTL DEVELPD MKTS FD CLASS S 2013-12 PURCHASE 2015-05   1,828 1,741     87  
    RUSSELL STRATEGIC BOND CLASS S-2442. 2013-01 PURCHASE 2015-05   27,082 27,620     -538  
    RUSSELL STRATEGIC BOND CLASS S-8.665 2013-02 PURCHASE 2015-05   96 97     -1  
    RUSSELL STRATEGIC BOND CLASS S-4.722 2013-03 PURCHASE 2015-05   52 53     -1  
    RUSSELL STRATEGIC BOND CLASS S-6.973 2013-04 PURCHASE 2015-05   77 79     -2  
    RUSSELL STRATEGIC BOND CLASS S-6.572 2013-05 PURCHASE 2015-05   73 75     -2  
    RUSSELL STRATEGIC BOND CLASS S-6.857 2013-06 PURCHASE 2015-05   76 77     -1  
    RUSSELL STRATEGIC BOND CLASS S-13.06 2013-07 PURCHASE 2015-05   145 143     2  
    RUSSELL STRATEGIC BOND CLASS S-6.895 2013-08 PURCHASE 2015-05   76 75     1  
    RUSSELL STRATEGIC BOND CLASS S-9.177 2013-09 PURCHASE 2015-05   102 99     3  
    RUSSELL STRATEGIC BOND CLASS S-7.548 2013-10 PURCHASE 2015-05   84 83     1  
    RUSSELL STRATEGIC BOND CLASS S-6.246 2013-11 PURCHASE 2015-05   69 69        
    RUSSELL STRATEGIC BOND CLASS S-5.735 2013-01 PURCHASE 2015-05   64 66     -2  
    RUSSELL STRATEGIC BOND CLASS S-22.53 2013-01 PURCHASE 2015-05   250 255     -5  
    RUSSELL STRATEGIC BOND CLASS S-8.642 2013-01 PURCHASE 2015-05   96 98     -2  
    RUSSELL STRATEGIC BOND CLASS S-4.806 2014-02 PURCHASE 2015-05   53 53        
    RUSSELL STRATEGIC BOND CLASS S-4.621 2013-01 PURCHASE 2015-05   51 52     -1  
    RUSSELL STRATEGIC BOND CLASS S-5.028 2013-01 PURCHASE 2015-05   56 57     -1  
    RUSSELL STRATEGIC BOND CLASS S-3.967 2014-05 PURCHASE 2015-05   44 44        
    RUSSELL STRATEGIC BOND CLASS S-4.203 2013-01 PURCHASE 2015-05   47 48     -1  
    RUSSELL STRATEGIC BOND CLASS S-2.742 2013-01 PURCHASE 2015-05   30 31     -1  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-01 PURCHASE 2015-05   77,048 63,842     13,206  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-04 PURCHASE 2015-05   215 187     28  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-07 PURCHASE 2015-05   277 247     30  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-10 PURCHASE 2015-05   207 195     12  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-12 PURCHASE 2015-05   5,273 4,973     300  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-12 PURCHASE 2015-05   1,671 1,576     95  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2013-12 PURCHASE 2015-05   220 208     12  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2014-01 PURCHASE 2015-05   3,674 3,479     195  
    RUSSELL INVT CO. US STRATEGIC EQUITY 2014-04 PURCHASE 2015-05   408 399     9  
    FIRST TR ENHANCED SHORT MATURITY-1 2015-05 PURCHASE 2015-06   60 60        
    ISHARES IBOXX HIGH YIELD CORP BOND- 2015-05 PURCHASE 2015-06   6,260 6,348     -88  
    FIRST TR FUND IV SENIOR LOAN FUND-1 2015-05 PURCHASE 2015-06   49 49        
    ISHARES S&P 500 GROWTH-229 2015-05 PURCHASE 2015-06   26,458 26,921     -463  
    ISHARES US PREFERRED STOCK-1 2015-05 PURCHASE 2015-06   39 40     -1  
    ISHARES MSCI ACWI EX US-1520 2015-05 PURCHASE 2015-06   69,676 71,942     -2,266  
    ISHARES CORE US AGGREGATE-2 2015-05 PURCHASE 2015-06   217 219     -2  
    PIMCO TOTAL RETURN ACTIVE EXCHANCE-5 2015-05 PURCHASE 2015-06   5,763 5,798     -35  
    POWERSHARES SENIOR LOAN PORTFOLIO-2 2015-05 PURCHASE 2015-06   48 48        
    SPDR NUVEEN S&P HIGH YEILD MUNI.-1 2015-05 PURCHASE 2015-06   56 57     -1  
    SPDR S&P REGNL BNKG-51 2015-05 PURCHASE 2015-06   2,267 2,171     96  
    VANGUARD LONG TERM CORP BOND-58 2015-05 PURCHASE 2015-06   5,022 5,094     -72  
    VANGUARD VALUE-416 2015-05 PURCHASE 2015-06   35,459 35,942     -483  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    BAILEY FARMINGTON VILLAGE GREEN
    AND LIBRARY TRUST
    EIN: 27-0505166
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH MTN CORPBONDS (50,000)    
    METLIFE, INC. CORP. BONDS (50,000)    
    JP MORGANCHASE COPR. BONDS (25000)    
    RUSSELL INVT CO MULTI - STRATEGY    
    RUSSELL INVT CO GLOBAL INFRASTRUCT.    
    RUSSELL INVT CO COMMODITY    
    RUSSELL INVT CO GLOBAL OPPORTUNISTIC    
    RUSSELL EMERGING MARKETS    
    RUSSELL GLOBAL REAL ESTATE    
    RUSSELL GLOBAL EQUITY CLASS S    
    RUSSELL US SMALL CAP EQUITY    
    RUSSELL INTL DEVELOPED MARKETS    
    RUSSELL STRATEGIC BOND CLASS S    
    RUSSELL INVT CO US STRATEGIC EQ    
    FIRST TR ENHANCED SHORT MATURITY 6,901  
    FIRST TR FUND IV SENIOR LOAN FUND 1,856  
    ISHARES US PREFERRED STOCK 6,855  
    ISHARES CORE US AGGREGATE 11,204  
    PIMCO TOTAL RETURN ACTIVE ENHANCE 6,206  
    POWERSHARES SENIOR LOAN PORTFOLIO 4,972  
    SSGA ACTIVE SPDR DOBLELINE TOTAL RTN 6,289  
    SPDR NUVEEN S&P HIGH YIELD MUNI. 3,048  
    SPDR S&P 500 TRUST 121,887  
    SPDR S&P REGNL BNKG 35,152  
    VANGUARD INTL EQTY INDEX FDS 68,941  
    DB-X TRACKERS MSCI EAFE HEDGED EQ 67,715  
    ISHARES FLOATING RATE BOND 3,140  
    POWERSHARES QQQ SERIES 1 52,464  
    SPDR BARCLAYS HIGH YIELD BOND 6,226  
    VANGUARD MALVERN FDS SHORT TERM INFL 5,647  

    TY 2014 OtherDecreasesSchedule
    Name:
    BAILEY FARMINGTON VILLAGE GREEN
    AND LIBRARY TRUST
    EIN: 27-0505166
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    BAILEY FARMINGTON VILLAGE GREEN
    AND LIBRARY TRUST
    EIN: 27-0505166
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT MANAGEMENT FEES 5,373 5,373    


    TY 2014 OtherLiabilitiesSchedule
    Name:
    BAILEY FARMINGTON VILLAGE GREEN
    AND LIBRARY TRUST
    EIN: 27-0505166
    Description Beginning of Year - Book Value End of Year - Book Value
    TAX BASED ON INVESTMENT INCOME 305 428


    TY 2014 TaxesSchedule
    Name:
    BAILEY FARMINGTON VILLAGE GREEN
    AND LIBRARY TRUST
    EIN: 27-0505166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX BASED ON INVESTMENT INCOME 428 428