TY 2014 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	1	1
4	Dividends and interest from securities......	907,312	907,312
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,214,638
b	Gross sales price for all assets on line 6a 14,540,066
7	Capital gain net income (from Part IV, line 2)...		1,214,638
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).......		182,221	151,639	0
12	Total. Add lines 1 through 11........	2,304,172	2,273,590	0
	13	Compensation of officers, directors, trustees, etc.	80,000	0	0	80,000
14	Other employee salaries and wages......	49,400	0	0	49,400
15	Pension plans, employee benefits.......	16,597	0	0	16,597
16a	Legal fees (attach schedule).........		4,577	0	0	4,577
b	Accounting fees (attach schedule).......		33,410	1,671	0	31,739
c	Other professional fees (attach schedule)....		165,573	165,573	0	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		35,771	9,698	0	5,145
19	Depreciation (attach schedule) and depletion...		101,989	0	0
20	Occupancy..............	110,680	0	0	110,680
21	Travel, conferences, and meetings.......	5,584	0	0	5,584
22	Printing and publications..........
23	Other expenses (attach schedule).......		40,702	3,823	0	36,879
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	644,283	180,765	0	340,601
25	Contributions, gifts, grants paid........	1,822,017			1,822,017
26	Total expenses and disbursements. Add lines 24 and 25	2,466,300	180,765	0	2,162,618
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-162,128
b	Net investment income (if negative, enter -0-)		2,092,825
c	Adjusted net income (if negative, enter -0-)...			0

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	42,856,153
2	Enter amount from Part I, line 27a.....................	2	-162,128
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	42,694,025
5	Decreases not included in line 2 (itemize)	5	468,100
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	42,225,925

(e) Gross sales price	(f) Depreciation allowed (or allowable)	(h) Gain or (loss) (e) plus (f) minus (g)
a	46,623	47,685	-1,062
b	343,602	329,445	14,157
c	2,990	1,692	1,298
d	162,107	128,299	33,808
e	1,035,431	1,074,911	-39,480
	348,307	354,691	-6,384
	5,725,153	5,559,823	165,330
	4,641,857	3,766,552	875,305
	1,096,316	1,074,859	21,457
	971,665	987,471	-15,806
	166,015		166,015

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,214,638
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 . . . . . . . . . . . . . . . .	3

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
2013	1,922,213	36,712,134	0.052359
2012	2,007,142	33,737,225	0.059493
2011	1,649,468	33,093,434	0.049843
2010	1,682,941	33,433,169	0.050337
2009	1,359,973	27,758,819	0.048992

2	Total of line 1, column (d) ......................	2	0.261024
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	0.052205
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	38,382,776
5	Multiply line 4 by line 3.......................	5	2,003,773
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	20,928
7	Add lines 5 and 6.........................	7	2,024,701
8	Enter qualifying distributions from Part XII, line 4..............	8	2,816,666
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.

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	20,928
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	20,928
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	20,928
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	63,592
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	63,592
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.	8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	42,664
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax42,664	Refunded	11	0

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
ALEXANDER LOUIS VOLCKHAUSEN	VICE PRESIDENT/TREASURER 20.00	80,000	0	0
165 WEST 66 STREET NEW YORK,NY10023
SHARON LYU-VOLCKHAUSEN	PRESIDENT 10.00	0	0	0
467 HENRY STREET BROOKLYN,NY11231

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ADVENTURERS & SCIENTISTS FOR CONSERVATION PO BOX 1834 BOZEMAN,MT59771	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
AIRC 890 BROADWAY NEW YORK,NY10003	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
AMERICAN MUSEUM OF NATURAL HISTORY CENTRAL PARK WEST 79TH STREET NEW YORK,NY100245192	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
AMNESTY INTERNATIONAL 5 PENN PLAZA 16TH FLOOR NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	6,000
APEX 80 MAIDEN LANE 102 NEW YORK,NY10038	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	500
ASIAN AMERICAN FEDERATION 120 WALL STREET 3RD FLOOR NEW YORK,NY10005	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
ATLANTIC THEATRE CO 76 9TH AVENUE 537 NEW YORK,NY10011	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	30,000
BALLET TECH FOUNDATION INC 890 BROADWAY NEW YORK,NY10003	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
BIG APPLE PERFORMING ARTS 676A 9TH AVENUE 405 NEW YORK,NY10036	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
BRIC ARTS 647 FULTON STREET BROOKLYN,NY11217	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	7,500
BRIDGES OUTREACH 120 MORRIS AVENUE SUMMIT,NJ07901	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
BROADWAY CARES 165 W 46TH STREET SUITE 1300 NEW YORK,NY10036	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	20,000
BROADWAY MALL ASSOCIATION 2095 BROADWAY 403 NEW YORK,NY10023	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	11,000
BROOKLYN ACADEMY OF MUSIC (BAM) 30 LAFAYETTE AVENUE BROOKLYN,NY11217	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	50,000
BROOKLYN ARTS COUNCIL 20 JAY STREET 616 BROOKLYN,NY11201	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	15,000
BROOKLYN BOTANICAL GARDENS 1000 WASHINGTON AVENUE BROOKLYN,NY11225	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	50,500
BROOKLYN BRIDGE PARK CONSERVANCY 334 FURMAN STREET BROOKLYN,NY11201	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	15,000
BROOKLYN CHILDREN'S HOLIDAY FUND 76 16TH STREET 3 BROOKLYN,NY11215	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
BROOKLYN CHILDREN'S MUSEUM 145 BROOKLYN AVENUE BROOKLYN,NY11213	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	25,000
BROOKLYN HISTORICAL SOCIETY 128 PIERREPONT STREET BROOKLYN,NY11201	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	55,000
BROOKLYN KINDERGARTEN SCHOOL 57 WILLOUGHBY STREET 4 BROOKLYN,NY11201	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
BROOKLYN LEGAL SERVICES CORP 260 BROADWAY SUITE 2 BROOKLYN,NY11211	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
BROOKLYN PUBLIC LIBRARY FOUNDATION GRAND ARMY PLAZA BROOKLYN,NY11238	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
BROOKLYN YOUTH CHORUS ACADEMY 179 PACIFIC STREET BROOKLYN,NY112016213	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
CACF 50 BROAD STREET 18TH FLOOR NEW YORK,NY10004	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,500
CARNEGIE HALL 881 7TH AVENUE AT 57TH STREET NEW YORK,NY10019	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
CASCADE AIDS PROJECT INC 208 SW 5TH AVE 800 PORTLAND,OR97204	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	500
CENTER FOR ARTS EDUCATION 266 WEST 37TH STREET 9TH FLOOR NEW YORK,NY10018	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
CENTER FOR MUSIC BY PEOPLE WITH DISABILITIES 415 W CENTERAL AVENUE MISSOULA,MT59801	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
CENTRAL PARK CONSERVANCY 14 E 60TH STREET NEW YORK,NY10022	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,500
CHAMBER MUSIC SOCIETY OF LINCOLN CENTER 70 LINCOLN CENTER PLAZA NEW YORK,NY100236582	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	27,500
CHINATOWN MANPOWER PROJECT INC 70 MULBERRY STREET 3RD FLOOR NEW YORK,NY10013	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
CHINESE AMERICAN PLANNING COUNCIL 150 ELIZABETH STREET NEW YORK,NY10012	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
CITIZENS UNION 299 BROADWAY SUITE 700 NEW YORK,NY10007	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	33,500
CITY ARTS 525 BROADWAY 602 NEW YORK,NY10012	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
CITY BAR JUSTICE CENTER 42 WEST 44TH STREET NEW YORK,NY10036	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	25,000
CITY HARVEST 6 EAST 32ND STREET 5TH FLOOR NEW YORK,NY10016	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	6,000
CITY MEALS ON WHEELS 355 LEXINGTON AVENUE NEW YORK,NY10017	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
CITY TECH FOUNDATION 16 COURT STREET 600 BROOKLYN,NY11241	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
CLEARWATER HUDSON RIVER 724 WOLCOTT AVENUE BEACON,NY12508	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
CORTLAND REPERTORY THEATRE 37 FRANKLIN STREET CORTLAND,NY13045	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	3,000
COUNCIL OF KOREAN AMERICANS 1126 16TH STREET 450 WASHINGTON,DC20036	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	6,937
COVENANT HOUSE 461 EIGHT AVENUE NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
DEFENDERS OF WILDLIFE 1130 17TH STREET NW WASHINGTON,DC20036	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
DOCTORS WITHOUT BORDERS 333 7TH AVENUE 2ND FLOOR NEW YORK,NY100015004	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	3,000
EARTH JUSTICE 426 17TH STREET OAKLAND,CA94612	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
ENOB INNOVATIVE BRIDGES 40 WEST 37TH STREET SUITE 400 NEW YORK,NY10018	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
FOOD BANK OF NYC 39 BROADWAY 10TH FLOOR NEW YORK,NY10006	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
FOUNTAIN HOUSE INC 425 WEST 47TH STREET NEW YORK,NY10036	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
FRACTURED ATLAS 248 WEST 35TH STREET 10TH FLOOR NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,500
FRIENDS OF BOBST LIBRARY 70 WASHINGTON SQUARE SOUTH ROOM 1116 NEW YORK,NY10012	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
FRIENDS OF HUDSON RIVER PARK 305 SEVENTH AVENUE 12TH FLOOR NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
FRIENDS OF THE HIGH LINE 820 WASHINGTON STREET NEW YORK,NY10014	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	50,000
FROM THE HEART PRODUCTIONS 1455 MANDALAY BEACH RD OXNARD,CA93035	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
FUND FOR PUBLIC ADVOCACY 1 CENTRE STREET 15TH FLOOR NEW YORK,NY10007	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
GMHC 119 W 24TH STREET NEW YORK,NY10011	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	3,500
GOWANUS CANAL CONSERVANCY 94 9TH STREET 27 BROOKLN,NY11215	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
GREEN CHIMNEY 400 DOANSBURG ROAD BOX 719 BREWSTER,NY10509	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	15,000
HABITAT FOR HUMANITY NYC 111 JOHN ST FL 23 NEW YORK,NY10038	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
HALE HOUSE 152 W 122 STREET NEW YORK,NY10027	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,500
HELP USA 5 HANOVER SQUARE 17TH FLOOR NEW YORK,NY10004	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
HETRICK-MARTIN INSTITUTE 2 ASTOR PLACE NEW YORK,NY10003	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
HOLY APOSTLES SOUP KITCHEN 296 NINTH AVENUE NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	500
HOMEFIRST INC 1009 PARK AVENUE PLAINFIELD,NJ07060	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
HORTICULTURE SOCIETY OF NEW YORK 148 W 37TH STREET FL 13 NEW YORK,NY10018	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
HUMANS RIGHT WATCH 350 FIFTH AVENUE 34TH FLOOR NEW YORK,NY10118	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
HUNDRED YEAR ASSOCIATION 20 WEST 44TH STREET 710 NEW YORK,NY10036	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,500
I HAVE A DREAM FOUNDATION 330 7TH AVENUE 20TH FLOOR NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
JERSEY BATTERED WOMENS CENTER PO BOX 1437 MORRISTOWN,NJ07962	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
KALCA 149 W 24TH STREET 6TH FLOOR NEW YORK,NY10011	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	25,500
KOREAN AMERICAN FAMILY SERVICE CENTER PO BOX 541429 FLUSHING,NY11354	NONE	PUBLIC CHARITIES	GENERAL SUPPORT SERVICES	5,500
KOREAN COMMUNITY SERVICE OF METRO NY 35-56 159TH STREET FLUSHING,NY11358	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
LINCOLN CENTER THEATRE 70 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	22,500
LITTLE ORCHESTRA SOCIETY 330 W 42ND STREET 12TH FLOOR NEW YORK,NY100366902	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	61,000
LITTLE SHELTER 33 WARNER ROAD HUNTINGTON,NY11743	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	500
MENTORING USA 5 HANOVER SQUARE 17TH FLOOR NEW YORK,NY10004	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
MERCY CORP PO BOX 2669 DEPT W PORTLAND,OR97208	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
METROPOLITAN OPERA GUILD 70 LINCOLN CENTER PLAZA 6TH FLOOR NEW YORK,NY10023	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	41,980
MIN KWON CENTER FOR COMMUNITY ACTION 136- 19 41ST AVENUE 3RD FLOOR FLUSHING,NY11355	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
NATIONAL ASIAN THEATER COMPANY 520 8TH AVENUE 308 NEW YORK,NY10018	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
NATURAL RESOURCES DEFENSE COUNCIL (NRDC) 40 W 20TH STREET NEW YORK,NY10011	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	75,000
NEW LIFE PANTRY 82-10 QUEENS BLVD ELMHURST,NY11373	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
NEW YORK ASIAN WOMEN'S CENTER 39 BOWERY PMB 375 NEW YORK,NY10003	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
NEW YORK CITY AUDOBON 71 WEST 23RD STREET 1523 NEW YORK,NY10010	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
NEW YORK CITY RESCUE MISSION 90 LAFAYETTE STREET NEW YORK,NY10003	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	25,000
NEW YORK IMMIGRATION COALITION 137-139 W 25TH STREET 12TH FLOOR NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
NEW YORK LEAGUE FOR EARLY LEARNING 440 WEST 34TH STREET NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
NEW YORK PHILHARMONIC 10 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	61,000
NEW YORK RESTORATION PROJECT 254 WEST 31ST STREET NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	20,000
NEW YORK THEATRE WORKSHOP 79 EAST 4TH STREET NEW YORK,NY10003	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	3,000
NEW YORK TRANSIT MUSEUM 130 LIVINGSTON STREET 10TH FLOOR BROOKLN,NY11201	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
NEW YORK WOMEN'S FOUNDATION 434 W 33RD STREET 8TH FLOOR NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	500
NEW YORK WRITER'S COALITION 80 HANSON PLACE 603 BROOKLYN,NY11217	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
NEW YORKERS FOR PARKS 55 BROAD STREET 23RD FLOOR NEW YORK,NY10004	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	675
NORTH CAROLINA STAGE COMPANY 35 HAYWOOD STREET 209 ASHVILLE,NC28801	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
NYC BALLET 20 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	29,000
OLD STONE HOUSE & WASHINGTON PARK PO BOX 150613 BROOKLYN,NY11215	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
ONE BEAD PROJECT 30 HIGH STREET HUDSON,OH44236	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
PARTNERSHIP FOR THE HOMELESS 305 SEVENTH AVENUE 13TH FLOOR NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	7,500
PECCADILLO THEATRE COMPANY 155 BANK STREET NEW YORK,NY10014	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
PILOBOLUS 18 EAST 16TH STREET 308 NEW YORK,NY10003	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
PLANNED PARENTHOOD FEDERATION OF AMERICA 434 W 33RD STREET NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
PLAYWRIGHTS HORIZON 416 W 42ND STREET NEW YORK,NY10036	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	25,000
PRINCETON BLAIRSTOWN CENTER 350 ALEXANDER STREET PRINCETON,NJ08540	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	20,000
PRINCETON UNIVERSITY NASSAU HALL PRINCETON,NJ08544	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	33,000
PRINCETON NASSAU HALL PRINCETON,NJ08542	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	52,300
PROJECT HOPE 255 CARTER HALL LANE MILLWOOD,VA22646	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
PROJECT REACH 39 ELDRIDGE STREET 4TH FLOOR NEW YORK,NY10002	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
PROSPECT PARK ALLIANCE 95 PROSPECT PARK WEST BROOKLYN,NY11215	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	15,000
SAVE THE REDWOODS 114 SANSOME STREET 1200 SAN FRANCISCO,CA94104	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
SCA 4245 N FAIRFAX DR SUITE 825 ARLINGTON,VA22203	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
SECOND STAGE THEATRE 307 WEST 43RD STREET NEW YORK,NY10036	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	20,000
SHANDELEE MUSIC FESTIVAL 36 E 74TH STREET NEW YORK,NY10021	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
SIERRA CLUB FOUNDATION 85 SECOND STREET 2ND FLOOR SAN FRANCISCO,CA94105	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
SIGNATURE THEATRE CO 636 9TH AVENUE SUITE 1106 NEW YORK,NY10036	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
SMITH STREET STAGE 125 OCEAN PARKWAY 4E BROOKLN,NY11218	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
SOUTH ASIAN YOUTH ACTION 54-05 SEABURY STREET ELMHURST,NY11373	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
SOUTH STREET SEAPORT MUSEUM 12 FULTON STREET NEW YORK,NY10038	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
SOUTHERN POVERTY LAW CENTER 400 WASHINGTON AVENUE MONTGOMERY,AL36104	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	3,000
ST ANN'S SCHOOL 129 PIERREPONT STREET BROOKLYN,NY11201	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	35,000
ST JOSEPH'S INDIAN SCHOOL 1301 NORTH MAIN STREET CHAMBERLAIN,SD57325	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
STANLEY ISAACS NEIGHBORHOOD CENTER 415 EAST 93RD STREET NEW YORK,NY10128	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
STATEN ISLAND LGBT COMMUNITY CENTER 25 VICTORY BOULEVARD STATEN ISLAND,NY10301	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
STUYVESNAT HIGH SCHOOL ALUMNI ASSOCIATION PO BOX 3531 NEW YORK,NY10008	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
TEACH FOR AMERICA 315 WEST 36TH STREET 7TH FLOOR NEW YORK,NY10018	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
THE 52ND ST PROJECT 789 10TH AVENUE NEW YORK,NY10019	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
THE ACTORS FUND 729 SEVENTH AVENUE 10TH FLOOR NEW YORK,NY10019	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
THE FRESH AIR FUND 633 THIRD AVENUE 14TH FLOOR NEW YORK,NY10017	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	10,000
THE HOPE PROGRAM ONE SMITH STREET 4TH FLOOR BROOKLYN,NY11201	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	2,000
THE METROPOLITAN MUSEUM OF ART 1000 5TH AVENUE NEW YORK,NY10028	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	31,125
THE PUBLIC THEATRE OF NEW YORK 425 LAFAYETTE STREET NEW YORK,NY10003	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	65,000
THE SEEING EYE 10 WASHINGTON VALLEY RD MORRISTOWN,NJ07960	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	1,000
THE SMILE TRAIN 41 MADISON AVENUE 28TH FLOOR NEW YORK,NY10010	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
THE TRUST FOR PUBLIC LAND 116 NEW MONTGOMERY STREET 4TH FLOOR SAN FRANCISCO,CA94105	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	12,500
TRANSPORTATION ALTERNATIVES 127 WEST 26TH STREET SUITE 1002 NEW YORK,NY10001	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	500
TRUST FOR PUBLIC LAND NY OFFICE 666 BROADWAY 9TH FLOOR NEW YORK,NY10012	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	50,000
WILDLIFE CONSERVATION SOCIETY 2300 SOUTHERN BLVD BRONX,NY10460	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	5,000
WILLIAMSTOWN THEATRE FESTIVAL PO BOX 517 WILLIAMSTOWN,MA02167	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	60,000
WNETTHIREEN 825 EIGHT AVE 14TH FLOOR NEW YORK,NY10019	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	75,000
WNYC 160 VARRICK STREET NEW YORK,NY10007	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	62,500
YMCA OF QUEENS 4207 PARSONS BLVD FLUSHING,NY11355	NONE	PUBLIC CHARITIES	GENERAL SUPPORT PURPOSES	20,000
Total ................................. 3a				1,822,017

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	6,048	49,830	49,830
	2	Savings and temporary cash investments..........	1,972,037	1,482,476	1,482,476
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........	36,592	42,664	42,664
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	24,456,896	24,377,098	24,377,098
	c	Investments—corporate bonds (attach schedule)........	6,242,963	5,891,377	5,891,377
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	6,883,521	6,572,325	6,572,325
	14	Land, buildings, and equipment: basis 4,616,219
		Less: accumulated depreciation (attach schedule) 806,064	3,258,096	3,810,155	3,810,155
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	42,856,153	42,225,925	42,225,925
	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 )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................	42,856,153	42,225,925
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		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)......	42,856,153	42,225,925
	31	Total liabilities and net assets/fund balances (see instructions)..	42,856,153	42,225,925

(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
1 a	THRU JP MORGAN-7005-SHORT TERM
b	THRU JP MORGAN-7005-LONG TERM
c	THRU JP MORGAN-4206-SHORT TERM
d	THRU JP MORGAN-4206-LONG TERM
e	THRU JP MORGAN-4008-LONG TERM
	THRU JP MORGAN-4305-LONG TERM
	THRU WELLINGTON SHIELDS-SHORT TERM
	THRU WELLINGTON SHIELDS-LONG TERM
	THRU STATE STREET-SHORT TERM
	THRU STATE STREET-LONG TERM
	CAPITAL GAINS DIVIDENDS	P

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...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
JP MORGAN PRIVATE BANK	INVESTMENT ADVISORS	78,117
500 STANTON CHRISTIANA ROAD NEWARK,DE19713	INVESTMENT ADVISORS	78,117

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 FOUNDATION OPERATES AND MAINTAINS A COMMUNITY CENTER WHERE COMMUNITY-BASED CULTURAL, EDUCATIONAL AND HUMAN SERVICE ORGANIZATIONS ARE ABLE TO OFFER PROGRAMS TO THE COMMUNITY.	157,161
2


3


4

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			-1,062
b			14,157
c			1,298
d			33,808
e			-39,480
			-6,384
			165,330
			875,305
			21,457
			-15,806
			166,015

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	1,922,213	36,712,134	0.052359
2012	2,007,142	33,737,225	0.059493
2011	1,649,468	33,093,434	0.049843
2010	1,682,941	33,433,169	0.050337
2009	1,359,973	27,758,819	0.048992

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
ALEXANDER LOUIS VOLCKHAUSEN	VICE PRESIDENT/TREASURER 20.00	80,000	0	0
165 WEST 66 STREET NEW YORK,NY10023	VICE PRESIDENT/TREASURER 20.00	80,000	0	0
SHARON LYU-VOLCKHAUSEN	PRESIDENT 10.00	0	0	0
467 HENRY STREET BROOKLYN,NY11231	PRESIDENT 10.00	0	0	0

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7					1,898,211
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......
b From 2010.......	29,633
c From 2011.......	19,901
d From 2012.......	350,045
e From 2013.......	143,448
fTotal of lines 3a through e.........		543,027
4Qualifying distributions for 2014 from Part
XII, line 4: $ 2,816,666
a Applied to 2013, but not more than line 2a					0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2014 distributable amount.....					1,898,211
e Remaining amount distributed out of corpus		918,455
5 Excess distributions carryover applied to 2014.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		1,461,482
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		1,461,482
10 Analysis of line 9:
a Excess from 2010....	29,633
b Excess from 2011....	19,901
c Excess from 2012....	350,045
d Excess from 2013....	143,448
e Excess from 2014....	918,455

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	(e) Total

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

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
aRENTAL INCOME-SEE NOTE 14		0		0	30,421
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............			14	1
4 Dividends and interest from securities....			14	907,312
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property .............
7 Other investment income.....			14	151,800
8 Gain or (loss) from sales of assets other than inventory .............			18	1,214,638
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		2,273,751	30,421

Line No.	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.)
1A	RENTAL INCOME FROM CHARITABLE ORGANIZATIONS UTILIZING THE SPACE IN THE COMMUNITY CENTER OPERATED BY THE FOUNDATION.

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
BUILDING	2002-07-01	949,053	272,721	SL	40.000000000000	23,726
LAND	2002-07-01	100,600		L		0
BUILDING IMPROVEMENTS	2007-07-01	2,189,449	383,153	SL	40.000000000000	54,736
BUILDING IMPROVEMENTS	2009-07-01	8,853	995	SL	40.000000000000	221
BUILDING IMPROVEMENTS	2010-07-01	214,880	18,802	SL	40.000000000000	5,372
BUILDING	2011-07-01	274,910	17,182	SL	40.000000000000	6,873
BUILDING IMPROVEMENTS	2012-07-01	224,426	11,222	SL	40.000000000000	5,611
BUILDING IMPROVEMENTS	2014-07-01	654,048		SL	40.000000000000	5,450

Software ID:
Software Version:

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CORPORATE STOCKS HELD AT JPMORGAN	2,329,736	2,329,736
CORPORATE STOCKS HELD AT STATE STREET BANK	8,218,287	8,218,287
CORPORATE STOCKS HELD AT WELLINGTON SHIELDS	13,829,075	13,829,075

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
INVESTMENT IN ROYALTY CONTRACT	AT COST	725,000	725,000
INVESTMENT IN SAN JUAN BASIN ROYALTY TRUST	FMV	212,325	212,325
MUTUAL FUNDS HELD AT JPMORGAN	FMV	4,849,512	4,849,512
MUTUAL FUNDS HELD AT WELLINGTON SHIELDS	FMV	785,488	785,488

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PORZIO BROMBERG AND NEWMAN	4,380	0	0	4,380
PATTERSON BELKNAP WEBB	197	0	0	197

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE BONDS HELD AT JPMORGAN	3,090,804	3,090,804
CORPORATE BONDS HELD AT STATE STREET BANK	2,800,573	2,800,573

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
INSURANCE	27,691	0	27,691
OFFICE & ADMINISTRATIVE EXPENSES	3,442	0	3,442
ROYALTY EXPENSES	3,299	3,299	0
PAYROLL PROCESSING	2,295	0	2,295
STATE STREET BANK FEES	524	524	0
STATE FILING FEES	1,464	0	1,464
FILING FEES	1,987	0	1,987

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
LISTERINE ROYALTY REVENUE	127,635	127,635
JPMORGAN-NON DIVIDEND DISTRIBUTIONS	161	0
ROYALTY INCOME-SAN JUAN BASIN ROYALTY TRUST	22,644	22,644
SECURITIES LITIGATION PROCEEDS	622	622
DELL SECURITIES LITIGATION	738	738
RENTAL INCOME-SEE NOTE 14	30,421		30,421

Category	Amount	Net Investment Income
WELLINGTON SHIELDS-INVESTMENT ADVISORY FEES	37,818	37,818
JP MORGAN-INVESTMENT ADVISORY FEES	78,117	78,117
BECK MACK AND OLIVER-INVESTMENT ADVISORY FEES	44,308	44,308
STATE STREET BANK-CUSTODY FEES	5,330	5,330

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
REAL ESTATE TAXES	5,145	0	5,145
FEDERAL EXCISE TAX	20,928	0	0
FOREIGN TAXES ON INVESTMENTS	9,698	9,698	0