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
CRALLE FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)614 W MAIN STREET NO 2500   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY40202
A Employer identification number

61-1179672
B Telephone number (see instructions)

(502) 581-1148
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$10,199,925J 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).............. 100,000
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 33 33  
4 Dividends and interest from securities...... 260,176 260,176  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 650,708
b Gross sales price for all assets on line 6a 2,598,656
7 Capital gain net income (from Part IV, line 2)... 650,708
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........ 1,010,917 910,917  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 65,000 0   65,000
14 Other employee salaries and wages...... 19,000 0   19,000
15 Pension plans, employee benefits....... 2,513 0   2,513
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 15,126 7,563   7,563
c Other professional fees (attach schedule).... Click to see attachment 45,244 45,244   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 32,240 19,274   12,966
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,250 0  
20 Occupancy.............. 22,583 0   22,583
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 54,858 36,145   18,713
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 257,814 108,226   148,338
25 Contributions, gifts, grants paid........ 601,480 601,480
26 Total expenses and disbursements. Add lines 24 and 25 859,294 108,226   749,818
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 151,623
b Net investment income (if negative, enter -0-) 802,691
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 8,572 13,502 13,502
2 Savings and temporary cash investments.......... 460,491 464,753 464,753
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)........ 3,565,821 Click to see attachment3,705,347 6,257,327
c Investments—corporate bonds (attach schedule)........ 1,913,568 Click to see attachment2,121,010 2,152,233
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,266,544 Click to see attachment1,063,257 1,311,485
14 Land, buildings, and equipment: basis bullet44,254
Less: accumulated depreciation (attach schedule) bullet43,629 1,875 Click to see attachment625 625
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,216,871 7,368,494 10,199,925
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 8,138,882 8,138,882
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -922,011 -770,388
30 Total net assets or fund balances (see instructions)...... 7,216,871 7,368,494
31 Total liabilities and net assets/fund balances (see instructions).. 7,216,871 7,368,494
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 7,216,871
2 Enter amount from Part I, line 27a..................... 2 151,623
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 7,368,494
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,368,494
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a CAPITAL GAIN DISTRIBUTIONS P    
b NONDIVIDEND DISTRIBUTIONS P    
c SALE OF MARKETABLE SECURITIES P    
d SALE OF MARKETABLE SECURITIES P    
e EAGLE GROWTH P    
EAGLE GROWTH P    
ENDOWMENT FUND P    
(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 3,082     3,082
b 3,258     3,258
c 816,875   803,444 13,431
d 1,702,623   1,126,487 576,136
e     18,017 -18,017
31,628     31,628
41,190     41,190
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       3,082
b       3,258
c       13,431
d       576,136
e       -18,017
      31,628
      41,190
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 2 650,708
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 789,007 9,734,339 0.081054
2012 758,385 8,790,291 0.086275
2011 901,304 8,711,964 0.103456
2010 942,976 10,097,936 0.093383
2009 1,023,242 9,197,175 0.111256
2 Total of line 1, column (d) ...................... 2 0.475424
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 0.095085
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 9,948,962
5 Multiply line 4 by line 3....................... 5 945,997
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 8,027
7 Add lines 5 and 6......................... 7 954,024
8 Enter qualifying distributions from Part XII, line 4.............. 8 749,818
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 16,054
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 16,054
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 16,054
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 8,640
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,475
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,115
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 198
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,137
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKY
    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 addressbulletN/A
    14
    The books are in care ofbulletCRALLE FOUNDATION INC Telephone no.bullet (502) 581-1148
    Located atbullet614 W MAIN STREET SUITE 2500LOUISVILLEKY ZIP+4bullet40202
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JAMES T CRAIN JR EXEC. DIR
    30.00     		65,000 0 0
    614 W MAIN ST STE 2500
    LOUISVILLE,KY40202
    JOAN C DAY PRESIDENT
    0.00     		0 0 0
    614 W MAIN ST STE 2500
    LOUISVILLE,KY40202
    SUSAN DAY TRUSTEE
    0.00     		0 0 0
    614 W MAIN ST STE 2500
    LOUISVILLE,KY40202
    CAROLYN DAY TRUSTEE
    0.00     		0 0 0
    614 W MAIN ST STE 2500
    LOUISVILLE,KY40202
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,661,812
    b
    Average of monthly cash balances.......................
    1b
    438,657
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,100,469
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    10,100,469
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    151,507
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,948,962
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    497,448
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    497,448
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    16,054
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,054
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    481,394
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    481,394
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    481,394
    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
    749,818
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    749,818
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    749,818
    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 7 481,394
    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....... 567,711
    b From 2010....... 443,667
    c From 2011....... 474,580
    d From 2012....... 322,990
    e From 2013....... 310,912
    fTotal of lines 3a through e......... 2,119,860
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 749,818
    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..... 481,394
    e Remaining amount distributed out of corpus 268,424
    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 2,388,284
    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) ...     		567,711
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,820,573
    10 Analysis of line 9:
    a Excess from 2010.... 443,667
    b Excess from 2011.... 474,580
    c Excess from 2012.... 322,990
    d Excess from 2013.... 310,912
    e Excess from 2014.... 268,424
    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:
    JAMES T CRAIN JR
    614 W MAIN STREET SUITE 2500
    LOUISVILLE,KY40202
    (502) 581-1148
    bThe form in which applications should be submitted and information and materials they should include:
    STANDARD FORM TO BE OBTAINED AT FOUNDATION OFFICE.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CHARITABLE
    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
    ACTORS THEATRE
    316 W MAIN STREET
    LOUISVILLE,KY40202     		NONE NO TO HELP BRING PLAYWRITING RESIDENCES INTO TITLE I SCHOOLS 3,750
    ALICE LLOYD COLLEGE
    100 PURPOSE ROAD
    PIPPA PASSES,KY41844     		NONE NO BRIDGE/RETENTION PROGRAM 5,000
    AMERICAN RED CROSS
    510 EAST CHESTNUT ST
    LOUISVILLE,KY40202     		NONE NO DISASTER PREPAREDNESS AND RESPONSE 7,500
    BLUE APPLE PLAYERS
    625 E MARKET STREET
    LOUISVILLE,KY40202     		NONE NO "NO MORE SECRETS" 10,000
    BOYS AND GIRLS CLUBS OF KENTUCKIANA
    3900 CRITTENDEN DRIVE
    LOUISVILLE,KY40209     		NONE NO FUND 20 CHILDREN FOR PARTICIPATION IN ONGOING PROGRAMS AND ACTIVITIES 7,000
    BOYS AND GIRLS HAVEN
    2301 GOLDSMITH LANE
    LOUISVILLE,KY40218     		NONE NO TRAINING FOR BUILDING MAINTENANCE AND REPAIR 5,000
    CABBAGE PATCH SETTLEMENT HOUSE
    1413 S 6TH ST
    LOUISVILLE,KY40208     		NONE NO MEMORIAL FOR CYRUS M. DAY 10,000
    CAMPBELLSVILLE UNIVERSITY
    1 UNIVERSITY DRIVE
    CAMPBELLSVILLE,KY42718     		NONE NO "SEE" PROGRAM 5,000
    CARNEGIE CENTER FOR LITERACY AND LEARNING
    251 WEST 2ND STREET
    LEXINGTON,KY40507     		NONE NO TUTORING PROGRAM 10,000
    CASA OF THE RIVER REGION
    982 EASTERN PARKWAY
    LOUISVILLE,KY40217     		NONE NO TO HELP TRAIN 67 NEW VOLUNTEERS TO ADVOCATE FOR CHILDREN 6,000
    CAVE HILL HERITAGE FOUNDATION
    701 BAXTER AVENUE
    LOUISVILLE,KY40204     		NONE NO GENERAL OPERATING COSTS 1,000
    CEDAR LAKE FOUNDATION
    9505 WILLIAMSBURG PLAZE 200
    LOUISVILLE,KY40222     		NONE NO "CIRCLE OF FRIENDS" CAMPAIGN 15,000
    CENTRAL KY RADIO EYE
    1733 RUSSELL CAVE RD
    LEXINGTON,KY40505     		NONE NO BROADCAST NEWS FOR THE BLIND, VISUALLY IMPAIRED OR PHYSICALLY DISABLED 3,000
    CHOICE INC
    8801 WILDWOOD AVE
    ST BONIFACIUS,MN55375     		NONE NO ASSIST AT-RISK-YOUTH IN MAKING POSITIVE CHOICES 7,500
    COLLABORATIVE FOR TEACHING AND LEARNING
    2303 RIVER RD 100
    LOUISVILLE,KY40206     		NONE NO GENERAL OPERATING COSTS 2,000
    COMMUNITY FOUNDATION OF LOUISVILLE
    325 W MAIN ST 1110
    LOUISVILLE,KY40202     		NONE NO GENERAL OPERATING COSTS 5,000
    COMMUNITY OUTREACH SHELTER
    612 E FOURTH ST
    TOMPKINSVILLE,KY42167     		NONE NO TO HELP PURCHASE USED VAN 2,000
    CUSTOM QUALITY SERVICES
    3401 JEWELL AVENUE
    LOUISVILLE,KY40212     		NONE NO PURCHASE OF AUTOMATIC L-SEALER AND SHRINK TUNNEL 7,500
    DARE TO CARE
    5803 FERN VALLEY RD
    LOUISVILLE,KY40228     		NONE NO BACKPACK PROGRAM 22,500
    DREAM FACTORY
    PO BOX 707
    LEXINGTON,KY40588     		NONE NO ONGOING COSTS TO KEEP PROGRAM GOING 3,500
    FOREST ENRICHMENT CENTER
    11500 LAGRANGE ROAD
    LOUISVILLE,KY40223     		NONE NO ENTITIES TO GO INSIDE BUILDING 5,000
    FRAZIER HISTORY MUSEUM
    829 W MAIN ST
    LOUISVILLE,KY40202     		NONE NO SUSTAINABILITY CAMPAIGN 10,000
    FRONTIER NURSING UNIVERSITY
    170 PROSPEROUS PL
    LEXINGTON,KY40509     		NONE NO ALICE WHITMAN MEMORIAL LIBRARY 5,000
    GREEN HILL THERAPY
    1410 LONG RUN RD
    LOUISVILLE,KY40245     		NONE NO BUILDING GRANT TO EXPALN HIPPOTHERAPY PROGRAM 8,000
    HEUSER HEARING AND LANGUAGE ACADEMY
    117 E KENTUCKY ST
    LOUISVILLE,KY40203     		NONE NO TO HELP DEAF AND HARD OF HEARING 5,000
    HOUSE OF RUTH
    607 E ST CATHERINE STREET
    LOUISVILLE,KY40203     		NONE NO SCHOOL SUCCESS PROJECT 6,000
    JEWISH HOSPITAL AND ST MARY'S FOUNDATION
    727 HOSPITAL DR
    SHELBYVILLE,KY40065     		NONE NO OUR LADY OF PEACE 10,000
    JUNIOR ACHIEVEMENT
    1401 W MUHAMMAD ALI BLVD
    LOUISVILLE,KY40203     		NONE NO EXPLORATION PROGRAM FOR MIDDLE SCHOOL STUDENTS 5,000
    KENTUCKIANAWORKS FOUNDATION
    410 WEST CHESTNUT STREET SUITE 200
    LOUISVILLE,KY40202     		NONE NO SUMMERWORKS PROGRAM 15,000
    KENTUCKY ASSOCIATION OF FOOD BANKS
    PO BOX 1824
    BEREA,KY40403     		NONE NO "FARMS TO FOOD BANKS" 5,000
    KENTUCKY COUNCIL ON ECONOMIC EDUCATION
    2001 NEWBURG ROAD
    LOUISVILLE,KY40205     		NONE NO GENERAL OPERATING COSTS 7,000
    KENTUCKY HISTORICAL SOCIETY
    116 WEST BROADWAY ST
    FRANKFORT,KY40601     		NONE NO RESTORATION OF BANNER 30,000
    KENTUCKY HUMANITIES COUNCIL INC
    206 E MAXWELL ST
    LEXINGTON,KY40508     		NONE NO FOR CHAUTAUQUA 7,500
    KENTUCKY REFUGEE MINISTRIES
    969 CHEROKEE RD
    LOUISVILLE,KY40204     		NONE NO GENERAL OPERATING COSTS 5,000
    KENTUCKY SHOW INC
    727 W MAIN ST
    LOUISVILLE,KY40202     		NONE NO TICKETS 5,000
    KET
    600 COOPER DRIVE
    LEXINGTON,KY40502     		NONE NO EDUCATIONAL PROGRAMMING 1,200
    KIDS CENTER FOR PEDIATRIC THERAPIES
    440 WHIRLAWAY DR 1
    DANVILLE,KY40422     		NONE NO "FEEDING" PROGRAM 10,000
    LIBRARY FOUNDATION
    301 YORK STREET
    LOUISVILLE,KY402032205     		NONE NO SUMMER READING PROGRAM 5,000
    LITTLE SISTERS OF THE POOR
    15 AUDUBON PLAZA DR
    LOUISVILLE,KY40217     		NONE NO GENERAL OPERATING COSTS 10,000
    LOUISVILLE METRO POLICE FOUNDATION
    982 EASTERN PARKWAY
    LOUISVILLE,KY40217     		NONE NO TROUBLED YOUTH ACADEMY 10,000
    LOUISVILLE METRO POLICE FOUNDATION
    982 EASTERN PARKWAY
    LOUISVILLE,KY40217     		NONE NO COMMUNITY PREVENTION FORUMS 1,000
    LOUISVILLE OLMSTEAD PARK CONSERVANCY
    1299 TREVILIAN WAY
    LOUISVILLE,KY40213     		NONE NO RESTORE LIMESTONE WALL SURROUNDING BOONE SQUARE PARK IN PORTLAND 5,000
    LOUISVILLE REGIONAL SCIENCE AND ENGINEERING FAIR
    727 WEST MAIN STREET
    LOUISVILLE,KY40202     		NONE NO GENERAL OPERATING COSTS 5,000
    LOUISVILLE YOUTH ORCHESTRA
    4121 SHELBYVILLE ROAD SUITE E
    LOUISVILLE,KY40207     		NONE NO ASSISTANCE TO NEEDY MEMBERS 5,000
    MARYHURST
    1015 DORSEY LANE
    LOUISVILLE,KY40223     		NONE NO GENERAL OPERATING COSTS 25,000
    MEREDITH DUNN SCHOOL
    3203 MELBOURNE AVE
    LOUISVILLE,KY40220     		NONE NO CHILDREN WITH LEARNING DISABILITIES 10,000
    METRO UNITED WAY
    334 E BROADWAY
    LOUISVILLE,KY40204     		NONE NO SUPPORT OF EARLY CHILDHOOD EXCELLENCE ACADEMY 10,000
    MORTON CENTER
    1028 BARRET AVE
    LOUISVILLE,KY40204     		NONE NO "WHEN WORDS ARE NOT ENOUGH" LUNCHEON 1,250
    NATIVITY ACADEMY
    529 E LIBERTY ST
    LOUISVILLE,KY40202     		NONE NO STUDENT SPONSORSHIP PROGRAM 15,000
    ONE PLUS ONE EQUALS U INC
    11301 PRINCE GEORGE COURT
    LOUISVILLE,KY40241     		NONE NO SUMMER YOUTH ENRICHMENT PROGRAM 7,500
    PAWS WITH PURPOSE
    PO BOX 7834
    LOUISVILLE,KY40257     		NONE NO TO HELP PLACE DOGS FOR THOSE IN NEED 5,000
    PORTLAND MUSEUM
    2308 PORTLAND AVENUE
    LOUISVILLE,KY40212     		NONE NO GENERAL OPERATING COSTS 10,000
    PRITCHARD COMMITTEE FOR ACADEMIC EXCELLENCE
    271 WEST SHORT STREET SUITE 202
    LEXINGTON,KY40507     		NONE NO PARENT TRAINING 5,000
    PROJECT ONE
    930 W CHESTNUT SUITE 412
    LOUISVILLE,KY40203     		NONE NO 'TALENTED AND GIFTED SCHOLARS' PROGRAM 10,000
    RAMP
    197 SOUND BEACH AVENUE
    OLD GREENWICH,CT06870     		NONE NO BACKPACK SNACK PROGRAM IN MARTIN COUNTY 5,000
    RIVER CITY DRUM CORP
    3308 CHAUNCEY AVE
    LOUISVILLE,KY40211     		NONE NO TO HELP FUND HOUSE OF DREAMS TECH & LEARNING CENTER 5,000
    SCENIC KY
    PO BOX 23317
    LOUISVILLE,KY40223     		NONE NO GENERAL OPERATING COSTS 1,000
    SCHOOL CHOICE SCHOLARSHIPS
    2200 DUNDEE RD
    LOUISVILLE,KY40205     		NONE NO SCHOLARSHIP IN MEMORY OF CYRUS M. DAY 2,000
    SENIORCARE EXPERTS
    145 THIERMAN LN
    LOUISVILLE,KY40207     		NONE NO MEAL AND HOME CARE FOR SENIORS 7,500
    SHIVELY AREA MINISTRIES
    4415 DIXIE HWY
    LOUISVILLE,KY40216     		NONE NO VISION 25 PROGRAM 7,500
    SISTERS OF CHARITY OF NAZARETH
    MAIN AVENUE
    NAZARETH,KY40048     		NONE NO GENERAL OPERATING COSTS 1,000
    SPINA BIFIDA ASSOCIATION OF KENTUCKY
    982 EASTERN PARKWAY 18
    LOUISVILLE,KY40217     		NONE NO PROGRAM REGARDING FOLIC ACID 5,000
    ST BENEDICT CENTER
    946 S 25TH ST
    LOUISVILLE,KY40210     		NONE NO TO FUND 50% OF TWO SCHOLARSHIPS 7,280
    ST GEORGE'S COMMUNITY CENTER
    1205 S 26TH ST
    LOUISVILLE,KY40210     		NONE NO "READING ROCKETS" SUMMER PROGRAM 10,000
    ST JOHN CENTER FOR THE HOMELESS
    700 E MUHAMMAD ALI BLVD
    LOUISVILLE,KY40202     		NONE NO TO SUPPORT 5 NEW MEN AT CENTER 10,000
    ST MARY'S CENTER
    11700 MAIN ST
    LOUISVILLE,KY40243     		NONE NO OCCUPATIONAL THERAPY PROGRAM 5,000
    STAGE ONE
    4909 CELESTE DRIVE
    LOUISVILLE,KY40228     		NONE NO "PLAY IT FORWARD" TICKETS 5,000
    TEACH FOR AMERICA - APPALACHIA
    470 MAIN STREET SUITE 1
    HAZARD,KY41701     		NONE NO TO TRAIN CORPS MEMBERS TO BECOME TEACHERS 10,000
    THE ACADEMY AT ST ANDREWS
    2233 WOODBOURNE AVE
    LOUISVILLE,KY40205     		NONE NO AID ASSISTANCE FOR AUTISTIC CHILDREN 10,000
    THE DAVID SCHOOL
    352 SUCCESS BOUND RD
    DAVID,KY41616     		NONE NO FINANCIAL SUPPORT 15,000
    THE NEST CENTER FOR WOMEN
    530 N LIMESTONE ST
    LEXINGTON,KY40508     		NONE NO CRALLE CHILD CARE SUPPORT PROGRAM 5,000
    UNION COLLEGE
    310 COLLEGE ST
    BARBOURVILLE,KY40906     		NONE NO REPAIR AFFAIR 5,000
    UNIVERSITY OF THE CUMBERLANDS
    6178 COLLEGE STATION DRIVE
    WILLIAMSBURG,KY40769     		NONE NO WORKSHOP PROGRAM 2,000
    USA CARES
    562 N DIXIE BLVD SUITE 3
    RADCLIFF,KY40160     		NONE NO COMBAT INJURED PROGRAM 15,000
    VISUALLY IMPAIRED PRESCHOOL
    1906 GOLDSMITH LANE
    LOUISVILLE,KY40218     		NONE NO INFRASTRUCTURE TO WI-FI SERVER 10,000
    VOLUNTEERS OF AMERICA
    570 SOUTH FOURTH STR SUITE 100
    LOUISVILLE,KY40202     		NONE NO EMERGENCY SHELTER 10,000
    WESLEY MANOR RETIREMENT COMMUNITY
    5012 EAST MANSLICK ROAD
    LOUISVILLE,KY402195100     		NONE NO SWING FOR SENIORS GOLF SCRAMBLE 1,000
    YEW DELL GARDENS
    6220 OLD LAGRANGE RD
    CRESTWOOD,KY40014     		NONE NO EDUCATION PROGRAMS 10,000
    YMCA SAFE PLACE SERVICES
    2400 CRITTENDEN DR
    LOUISVILLE,KY40217     		NONE NO SHELTER HOUSE 15,000
    YOUTH ALERT
    PO BOX 11037
    LEXINGTON,KY40512     		NONE NO PROGRAMS 2,500
    YOUTH FOR CHRIST
    PO BOX 21187
    LOUISVILLE,KY40221     		NONE NO CONTINUED GROWTH OF YOUTH DEVELOPMENT SERVICES 2,000
    Total .................................bullet 3a 601,480
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 33  
    4 Dividends and interest from securities....     14 260,176  
    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 .............     		    18 650,708  
    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).. 0 910,917 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13910,917
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    CRALLE FOUNDATION INC
     
    Employer identification number

    61-1179672
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




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

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    CRALLE FOUNDATION INC
          		Employer identification number

    61-1179672
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    JOAN DAY  
    614 W MAIN STREET SUITE 2500
     
    LOUISVILLE, KY40202

    		$100,000


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    CRALLE FOUNDATION INC
          		Employer identification number

    61-1179672
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    CRALLE FOUNDATION INC
          		Employer identification number

    61-1179672
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    CRALLE FOUNDATION INC
    EIN: 61-1179672
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 15,126 7,563   7,563

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

    TY 2014 DepreciationSchedule
    Name:
    CRALLE FOUNDATION INC
    EIN: 61-1179672
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    PHONE SYSTEM 1998-06-30 3,245 3,245 200DB 7.000000000000 0 0    
    COMPUTER NETWORK/INSTALLATION 1998-06-30 6,041 6,041 200DB 5.000000000000 0 0    
    COMPUTER AND TELEPHONE SYSTEMS 2003-06-30 16,261 8,130 200DB 7.000000000000 0 0    
    COMPUTER 2010-04-13 10,853 8,978 200DB 5.000000000000 1,250 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    CRALLE FOUNDATION INC
    EIN: 61-1179672
    Name of Bond End of Year Book Value End of Year Fair Market Value
    INVESTMENT IN CORPORATE BONDS 2,121,010 2,152,233

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    CRALLE FOUNDATION INC
    EIN: 61-1179672
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENT IN CORPORATE STOCKS 3,705,347 6,257,327

    TY 2014 InvestmentsOtherSchedule2
    Name:
    CRALLE FOUNDATION INC
    EIN: 61-1179672
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN MUTUAL FUNDS AT COST 171,143 238,173
    OTHER INVESTMENTS AT COST 288,113 313,076
    OTHER INVESTMENTS-THE ENDOWMENT FUND AT COST 0 0
    OTHER INVESTMENTS-EAGLE GROWTH AT COST 413,308 552,207
    OTHER INVESTMENTS-PMF TEI FUND AT COST 190,693 208,029

    TY 2014 LandEtcSchedule2
    Name:
    CRALLE FOUNDATION INC
    EIN: 61-1179672
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    PHONE SYSTEM 3,245 3,245 0  
    COMPUTER NETWORK/INSTALLATION 6,041 6,041 0  
    COMPUTER AND TELEPHONE SYSTEMS 16,261 16,261 0  
    COMPUTER 10,853 10,228 625  
    MICROEDGE-SOFTWARE 7,854 7,854 0  


    TY 2014 OtherExpensesSchedule
    Name:
    CRALLE FOUNDATION INC
    EIN: 61-1179672
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 8,674 0   8,674
    INSURANCE 25,349 25,349   0
    OFFICE EXPENSE 9,341 0   9,341
    POSTAGE 698 0   698
    PARTNERSHIP EXPENSES FROM K-1 10,796 10,796   0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    CRALLE FOUNDATION INC
    EIN: 61-1179672
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 45,244 45,244   0


    TY 2014 TaxesSchedule
    Name:
    CRALLE FOUNDATION INC
    EIN: 61-1179672
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 12,966 0   12,966
    FOREIGN TAX 3,286 3,286   0
    FEDERAL TAX 15,988 15,988   0