Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
CARL & ROBERTA DEUTSCH FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)2444 WILSHIRE BLVD NO 600   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA MONICA, CA90403
A Employer identification number

95-4610378
B Telephone number (see instructions)

(310) 453-0055
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$126,278,261J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 525 525  
4 Dividends and interest from securities...... 4,103,135 4,103,135  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,990,215
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 7,975,753
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).......   1,032,379  
12 Total. Add lines 1 through 11........ 10,093,875 13,111,792  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 202,391 0   202,391
15 Pension plans, employee benefits....... 22,517 0   22,517
16a Legal fees (attach schedule)......... Click to see attachment 1,242 0   1,242
b Accounting fees (attach schedule)....... Click to see attachment 99,590 0   99,590
c Other professional fees (attach schedule).... Click to see attachment 886,331 596,674   289,657
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 41,091 17,782   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,504 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 20,541 0   20,541
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 47,743 360,243   47,743
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,324,950 974,699   683,681
25 Contributions, gifts, grants paid........ 5,784,259 5,784,259
26 Total expenses and disbursements. Add lines 24 and 25 7,109,209 974,699   6,467,940
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,984,666
b Net investment income (if negative, enter -0-) 12,137,093
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...............      
2 Savings and temporary cash investments.......... 32,766 153,096 153,096
3 Accounts receivable bullet59,520
Less: allowance for doubtful accounts bullet   6,115 59,520 59,520
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 125,527,735 Click to see attachment126,065,645 126,065,645
14 Land, buildings, and equipment: basis bullet176,689
Less: accumulated depreciation (attach schedule) bullet176,689 3,504 Click to see attachment0 0
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 125,570,120 126,278,261 126,278,261
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) Click to see attachment442,621 Click to see attachment404,957
23 Total liabilities (add lines 17 through 22).......... 442,621 404,957
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 125,127,499 125,873,304
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 125,127,499 125,873,304
31 Total liabilities and net assets/fund balances (see instructions).. 125,570,120 126,278,261
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)............... 1 125,127,499
2 Enter amount from Part I, line 27a..................... 2 2,984,666
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 128,112,165
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 2,238,861
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 125,873,304
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 GAINS FROM PARTNERSHIPS P    
b CAPITAL GAINS FROM PUBLICLY TRADED SECURITES P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a       1,985,538
b   0   5,990,215
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,985,538
b       5,990,215
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 7,975,753
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 6,100,199 117,023,948 0.052128
2012 5,523,533 107,193,438 0.051529
2011 4,980,830 110,498,859 0.045076
2010 4,010,287 101,367,706 0.039562
2009 3,789,848 87,289,483 0.043417
2 Total of line 1, column (d) ...................... 2 0.231712
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 0.046342
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 126,197,861
5 Multiply line 4 by line 3....................... 5 5,848,261
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 121,371
7 Add lines 5 and 6......................... 7 5,969,632
8 Enter qualifying distributions from Part XII, line 4.............. 8 6,467,940
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 1 121,371
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........................... 3 121,371
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- ..... 5 121,371
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 100,557
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 150,557
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 1,098
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 28,088
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet28,088 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletCA
    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 ofbulletWILLIAM HOLLER Telephone no.bullet (310) 453-0055
    Located atbullet2444 WILSHIRE BLVD SUITE 600SANTA MONICACA ZIP+4bullet90403
    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
     
    No
    .........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
    CARL DEUTSCH PRESIDENT
    1.00     		0 0 0
    2444 WILSHIRE BLVD SUITE 600
    SANTA MONICA,CA90403
    WILLIAM E HOLLER VP/SEC/TREAS
    1.00     		0 0 0
    2444 WILSHIRE BLVD SUITE 600
    SANTA MONCIA,CA90403
    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
    JMC PHILANTHROPIC ADVISORS CONSULTING 180,000
    2444 WILSHIRE BOULEVARD STE 622
    SANTA MONICA,CA90403
    Total number of others receiving over $50,000 for professional services.............bullet1
    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
    128,075,192
    b
    Average of monthly cash balances.......................
    1b
    44,464
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    128,119,656
    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
    128,119,656
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,921,795
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    126,197,861
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,309,893
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    6,309,893
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    121,371
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    121,371
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,188,522
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,188,522
    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
    6,188,522
    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
    6,467,940
    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
    6,467,940
    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
    121,371
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,346,569
    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 6,188,522
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 4,800,953
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 6,467,940
    a Applied to 2013, but not more than line 2a 4,800,953
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 1,666,987
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		4,521,535
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    CARL DEUTSCH
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    24TH STREET THEATRE COMPANY
    1117 W 24TH ST
    LOS ANGELES,CA90007     		NONE PC WELFARE 40,000
    ADVANCEMENT PROJECT
    1545 WILSHIRE BLVD 800
    LOS ANGELES,CA90017     		NONE PC WELFARE 5,000
    ALLIANCE FOR CHILDREN'S RIGHT THE
    3333 WILSHIRE BLVD 550
    LOS ANGELES,CA90010     		NONE PC EDUCATION 95,000
    ASIAN PACIFIC COMMUNITY FUND OF SO CA
    1145 WILSHIRE BLVD SUITE 105
    LOS ANGELES,CA90017     		NONE PC WELFARE 500
    ASSISTANCE LEAGUE OF PALM SPRINGS AREA
    P O BOX 3056
    RANCHO MIRAGE,CA92270     		NONE PC SOCIAL SERVICES 10,000
    ASSISTANCE LEAGUE OF SOUTHERN CALIFORNIA
    1370 NORTH SAINT ANDREWS PLACE
    LOS ANGELES,CA90028     		NONE PC SOCIAL SERVICES 1,000
    AUDUBON SOCIETY OF PORTLAND
    5151 NW CORNELL RD
    PORLAND,OR97210     		NONE PC ENVIRONMENTAL PROTECTION 10,000
    BEAUTY BUS FOUNDATION
    2716 OCEAN PARK BLVD SUITE 1062
    SANTA MONICA,CA90405     		NONE PC HUMAN SERVICES 25,000
    BEYOND TOXICS
    PO BOX 1106
    EUGENE,OR97440     		NONE PC ENVIRONMENTAL PROTECTION 2,000
    BRIDGE MEADOWS
    8502 N WAYLAND AVE
    PORTLAND,OR97203     		NONE PC WELFARE 2,000
    BRIGHT PROSPECT SCHOLAR SUPPORT
    1460 EAST HOLT AVENUE
    POMONA,CA91767     		NONE PC YOUTH DEVELOPMENT 110,000
    CALIFORNIA COMMUNITY FOUNDATION
    221 S FIGUEROA ST STE 400
    LOS ANGELES,CA90012     		NONE PC COMMUNITY IMPROVEMENT 30,000
    CALIFORNIA WILDLIFE CENTER
    P O BOX 2022
    MALIBU,CA90265     		NONE PC WELFARE 10,000
    CALIFORNIA HOSPITAL MEDICAL CTR
    26520 CACTUS AVE
    MORENO VALLEY,CA92555     		NONE PC MEDICAL 85,000
    CASA OF LOS ANGELES
    201 CENTRE PLAZA DR ROOM 1100
    MONTERY PARK,CA91754     		NONE PC HUMAN SERVICES 125,000
    CATHOLIC CHARITIES OF LOS ANGELES
    1531 JAMES M WOOD BLVD
    LOS ANGELES,CA90015     		NONE PC HUMAN SERVICES 60,000
    CENTER FOR FOOD SAFETY
    660 PENNSYLVANIA AVE SE STE 302
    WASHINGTON,DC20003     		NONE PC HUMAN SERVICES 2,500
    CENTER FOR THE PACIFIC ASIAN FAMILY
    543 N FAIRFAX AVE
    LOS ANGELES,CA90036     		NONE PC HUMAN SERVICES 2,000
    CENTER FOR STUDY OF REPSPONSIVE LAW
    PO BOX 19367
    WASHINGTON,DC20036     		NONE PC CONSUMER PROTECTION AND SAFTEY 5,000
    CHILD WELFARE INITIATIVE
    5757 WILSHIRE BLVD STE 448
    LOS ANGELES,CA90036     		NONE PC WELFARE 40,000
    CHILDREN YOUTH & FAMILY COLLABORATIVE
    1200 W 37TH PLACE
    LOS ANGELES,CA90007     		NONE PC YOUTH DEVELOPMENT 75,000
    CHILDERN'S BUREAU
    1575 DR MARTIN LUTHER KING JR ST
    INDIANAPOLIS,IN46202     		NONE PC HUMAN SERVICES 100,000
    CHILDREN'S BURN FOUNDATION THE
    5000 VAN NUYS BLVD SUITE 450
    SHERMAN OAKS,CA91403     		NONE PC HUMAN SERVICES 15,000
    CHRYSALIS CENTER THE
    522 S MAIN ST
    LOS ANGELES,CA90013     		NONE PC HUMAN SERVICES 85,000
    CITY OF HOPE
    1055 WILSHIRE BLVD
    LOS ANGELES,CA90017     		NONE PC HEALTH 10,000
    COALITION FOR RESPONSIBLE COMMUNITY
    3101 S GRAND AVE
    LOS ANGELES,CA90007     		NONE PC WELFARE 90,000
    COMMUNITY PARTNERS
    1000 N ALAMEDA ST 240
    LOS ANGELES,CA90012     		NONE PC WELFARE 130,000
    DOCTORS WITHOUT BORDERS
    333 SEVENTH AVE 2ND FLOOR
    NEW YORK,NY10001     		NONE PC WELFARE 25,000
    ECUMENICAL COUNCIL OF PASADENA AREA CHURCHES
    PO BOX 41125
    PASADENA,CA91114     		NONE PC HUMAN SERVICES 10,000
    EL CENTRITO FAMILY LEARNING CENTERS
    PO BOX 1613
    OXNARD,CA93032     		NONE PC WELFARE 25,000
    ESPERANZA COMMUNITY HOUSING CORP
    2337 S FIGUEROA STREET
    LOS ANGELES,CA90007     		NONE PC SOCIAL SERVICES 5,079
    ETM-LA INC
    847 N HOLLYWOOD WAY 206
    BURBANK,CA91505     		NONE PC SOCIAL SERVICES 37,000
    EVERYCHILD FOUNDATION
    P O BOX 1808
    PACIFIC PALISADES,CA90272     		NONE PC EDUCATION 10,000
    EXCEPTIONAL CHILDREN'S FOUNDATION
    8740 WASHINGTON BLVD
    CULVER CITY,CA90232     		NONE PC WELFARE 40,000
    EXOTIC BIRD RESCUE
    PO BOX 14863
    PORTLAND,OR97293     		NONE PC ANIMAL SERVICES 600
    FAMILIES FORWARD
    8 THOMAS
    IRVINE,CA92618     		NONE PC HUMAN SERVICES 25,000
    FIRST PLACE FOR YOUTH
    426 17TH STREET SUITE 100
    OAKLAND,CA94612     		NONE PC SOCIAL SERVICES 30,000
    FOOTHILL FAMILY SERVICE
    2500 E FOOTHILL BLVD SUITE 300
    PASADENA,CA91107     		NONE PC CRISIS INTERVENTION 50,000
    CAFE FOUNDATION INC
    4409 HILLVIEW WAY
    ROHNERT PARK,CA94928     		NONE PC EDUCATION 6,000
    FREEDOM OF PRESS FOUNDATION
    222 SUTTER ST STE 600
    SAN FRANCISCO,CA94108     		NONE PC HUMAN SERVICES 2,500
    FRIENDS OF CABRILLO MARINE AQUARIUM
    3720 STEPHEN WHITE WAY
    SAN PEDRO,CA90731     		NONE PC WELFARE 10,000
    FRIENDS OF MALIBU URGENT CARE
    PO BOX 6836
    MALIBU,CA90264     		NONE PC GENERAL AND REHABIILITATIVE 10,000
    GABRIELLA FOUNDATION THE
    639 S COMMONWEALTH AVE SUITE B
    LOS ANGELES,CA90005     		NONE PC YOUTH DEVELOPMENT 105,000
    GOOD SHEPARD SHELTER
    2561 VENICE BLVD
    LOS ANGELES,CA90019     		NONE PC HUMAN SERVICES 25,000
    GOODWILL INDUSTRIES OF SOUTHERN CALIFORNIA
    342 N SAN FERNANDO ROAD
    LOS ANGELES,CA90031     		NONE PC WELFARE 85,000
    HARMONY PROJECT
    817 VINE ST STE 212
    LOS ANGELES,CA90038     		NONE PC EDUCATION 45,000
    HARPS FOUNDATION
    4200 DOVER ROAD
    RICHMOND,VA23221     		NONE PC WELFARE 22,000
    HATHAWAY-SYCAMORES CHILD & FAMILY SERVICE
    210 S DELACEY AVE 110
    PASADENA,CA91105     		NONE PC SOCIAL SERVICES 105,000
    HEAL THE BAY
    1444 NINTH STREET
    SANTA MONICA,CA90401     		NONE PC SOCIAL SERVICES 8,000
    HEALING REINS THERAPEUTIC RIDING CENTER
    PO BOX 5593
    BEND,OR97708     		NONE PC GENERAL AND REHABILITATIVE 10,000
    HILLSIDES
    940 AVENUE 64
    PASADENA,CA91105     		NONE PC SOCIAL SERVICES 100,000
    HOBART SHAKESPEAREANS THE
    980 S HOBART BLVD
    LOS ANGELES,CA90006     		NONE PC HUMANITIES 4,000
    HOMEBOY INDUSTRIES
    1916 E FIRST STREET
    LOS ANGELES,CA90033     		NONE PC SOCIAL SERVICES 10,000
    IMAGINE LOS ANGELES
    5455 WILSHIRE BLVD SUITE 1001
    LOS ANGELES,CA90036     		NONE PC HUMAN SERVICES 40,000
    IN DEFENSE OF ANIMALS
    3010 KERNER BLVD
    SAN RAFAEL,CA94901     		NONE PC ANIMAL WELFARE 10,000
    INNER CITY ARTS
    720 KOHLER ST
    LOS ANGELES,CA90021     		NONE PC EDUCATION 50,000
    INSIDEOUT WRITE
    5143 CASS AVENUE STE 225 STATE HALL
    BLDG WSU
    DETROIT,MI48202     		NONE PC EDUCATION 30,000
    INTERNATIONAL MEDICAL CORPS
    1919 SANTA MONICA BOULEVARD
    SANTA MONICA,CA90404     		NONE PC HEALTH 20,000
    JEWISH BIG BROTHERSBIG SISTERS
    6505 WILSHIRE BLVD STE 600
    LOS ANGELES,CA90048     		NONE PC HUMAN SERVICES 5,000
    JEWISH FREE LOAN ASSOCIATION
    6505 WILSHIRE BLVD 715
    LOS ANGELES,CA90048     		NONE PC SOCIAL SERVICES 5,000
    JEWISH HOMES FOR AGING OF GREAT WASHINGTON DC
    12320 PARKLAWN DR
    ROCKVILLE,MD20852     		NONE PC SOCIAL SERVICE 15,000
    JEWISH VOCATIONAL SERVICE
    6505 WILSHIRE BLVD SUITE 200
    LOS ANGELES,CA90048     		NONE PC EDUCATION 100,000
    JOHNSON CANCER CENTER FOUNDATION
    8-950 FACTOR BUILDING BOX 951780
    LOS ANGELES,CA90095     		NONE PC HEALTH 100,000
    JOVENES INC
    1208 PLEASANT AVE
    LOS ANGELES,CA90033     		NONE PC HUMAN SERVICES 90,000
    JUSTICE BY UNITING IN CREATIVE ENERGY
    21200 KITTRIDGE ST APT 1196
    WOODLAND HILLS,CA91303     		NONE PC YOUTH DEVELOPMENT 500
    KOREATOWN YOUTH AND COMMUNITY CENTER
    3727 W SIXTH STREET
    LOS ANGELES,CA90020     		NONE PC WELFARE 60,000
    KAYAMANAN NG LAHI PHILIPINE FOLK ART
    1338 BRADDOCK DRIVE
    CULVER CITY,CA90230     		NONE PC WELFARE 500
    LATIN CENTER FOR PREVENTION & ACTION IN HEALTH & WELFARE
    450 W 4TH STREET 130
    SANTA ANA,CA92701     		NONE PC HUMAN SERVICES 10,000
    LEARN TO BE FOUNDATION
    1268 N LAKEVIEW AVE SUITE 201
    ANAHEIM,CA92807     		NONE PC EDUCATIONAL SERVICES 5,000
    LIBERTY HILL FOUNDATION
    6420 WILSHIRE BLVD STE 700
    LOS ANGELES,CA90048     		NONE PC WELFARE 500
    LONG BEACH DAY NURSERY
    1548 CHESTNUT AVE
    LONG BEACH,CA90813     		NONE PC EDUCATIONAL 80,000
    LOS ANGELES CONSERVATION CORPS
    P O BOX 15868
    LOS ANGELES,CA90015     		NONE PC WELFARE 35,000
    LOS ANGELES POLICE FOUNDATION
    515 S FLOWER ST SUITE 1680
    LOS ANGELES,CA90071     		NONE PC PUBLIC SAFTEY 25,000
    LOS ANGELES YOUTH NETWORK
    1754 TAFT STREET
    LOS ANGELES,CA90028     		NONE PC EARLY EDUCATION 150,000
    LUTHERAN SOCIAL SERVICE OF SC
    2560 N SANTIAGO BLVD
    ORANGE,CA92867     		NONE PC RELIGIOUS 17,500
    MAR VISTA FAMILY CENTER
    2075 SOUTH SLAUSON AVENUE
    CULVER CITY,CA90230     		NONE PC HEALTH 50,000
    MEDICINE FOR HUMANITY
    22866 BECKLEDGE TERRACE
    MALIBU,CA90265     		NONE PC EDUCATION 4,800
    MOTHER'S CLUB FAMILY LEARNING CENTER
    980 N FAIR OAKS AVE
    PASADENA,CA91103     		NONE PC SOCIAL SERVICE 55,000
    MUSIC CENTER
    717 W TEMPLE SUITE 400
    LOS ANGELES,CA90012     		NONE PC HEALTH 15,000
    MY SISTER MY FRIEND BREAST CANCER SUPPORT
    4000 LONG BEACH BLVD STE 214
    LONG BEACH,CA90807     		NONE PC HUMAN SERVICES 5,000
    NAMI-WESTSIDE LA
    941 WEST WOOD BLVD
    LOS ANGELES,CA90024     		NONE PC MENTAL HEALTH 16,000
    NATURE BRIDGE
    11741 WHEATFIELD LOOP
    HUDSON,FL34667     		NONE PC SOCIAL SERVICE 7,000
    NEIGHBORHOOD YOUTH ASSOCIATION INC
    1016 PLEASANTVIEW AVENUE
    VENICE,CA90291     		NONE PC WELFARE 55,000
    NEW DIRECTIONS INC
    11303 WILSHIRE BLVD BLDG 116
    LOS ANGELES,CA90073     		NONE PC WELFARE 75,000
    OLD TOWN ARTISAN STUDIO
    78-100 MAIN STREET 104
    LA QUINTA,CA92253     		NONE PC EDUCATION 13,000
    ONE VOICE
    1228 15TH ST STE C
    SANTA MONICA,CA90404     		NONE PC HUMAN SERVICES 70,000
    OPERATION JUMP START
    3515 LINDEN AVE
    LONG BEACH,CA90807     		NONE PC EDUCATION 35,000
    OREGON ENVIRONMENTAL COUNCIL
    222 NW DAVIS 309
    PORTLAND,OR97209     		NONE PC SOCIAL SERVICE 2,000
    OREGON SYMPHONY ASSOCIATES
    921 SW WASHINGTON ST SUITE 200
    PORTLAND,OR97205     		NONE PC ARTS 5,000
    ORLO FOUNDATION THE
    810 SE BELMONT 5
    PORTLAND,OR97214     		NONE PC ENVIRONMENTAL 2,500
    PS ARTS
    1728 ABBOT KINNEY BOULEVARD SUITE
    101
    VENICE,CA90291     		NONE PC SOCIAL SERVICE 50,000
    PACIFIC CLINICS
    800 S SANTA ANITA AVE
    ARCADIA,CA91006     		NONE PC WELFARE 100,000
    PACIFIC LEGAL FOUNDATION
    555 CAPITAL MALL SUITE 350
    SACRAMENTO,CA95814     		NONE PC EDUCATION 50,000
    PEOPLE ASSISTING THE HOMELESS
    340 NORTH MADISON AVENUE
    LOS ANGELES,CA90004     		NONE PC WELFARE 50,000
    PORTLAND PIANO INTERNATIONAL
    PO BOX 6469
    PORTLAND,OR97228     		NONE PC SOCIAL SERVICE 2,500
    PROFESSIONAL DANCER SOCIETY THE
    P O BOX 15605
    BEVERLY HILLS,CA90209     		NONE PC WELFARE 11,800
    PROJECT MOTIVATE INC
    PO BOX FN
    GARDEN GROVE,CA92842     		NONE PC YOUTH DEVELOPMENT 5,000
    PUBLIC COUNSEL
    610 SOUTH ARDMORE AVE
    LOS ANGELES,CA90005     		NONE PC HEALTH 100,000
    RAPE FOUNDATION THE
    1223 WILSHIRE BLVD NO 410
    SANTA MONICA,CA90403     		NONE PC SOCIAL WELFARE 135,000
    REDF
    221 MAIN STREET SUITE 1550
    SAN FRANCISCO,CA94105     		NONE PC HUMAN SERVICES 50,000
    RYMAN-CARROLL FOUNDATION
    315 WEST NINTH STREET SUITE 806
    LOS ANGELES,CA90015     		NONE PC EDUCATION 50,000
    SALVATION ARMY THE
    906 SOUTH FRANCISCO STREET
    LOS ANGELES,CA90071     		NONE PC SOCIAL WELFARE 100,000
    SHARE INC
    PO BOX 1342
    BEVERLY HILLS,CA90213     		NONE PC EDUCATION 60,000
    SOPHIA T SALVIN SCHOOL
    1925 BUDLONG AVENUE
    LOS ANGELES,CA90007     		NONE PC EDUCATION 35,000
    SOUTHERN CALIFORNIA GRANTMAKERS
    1000 NORTH ALAMEDA STREET SUITE 230
    LOS ANGELES,CA90012     		NONE PC SOCIAL WELFARE 2,500
    SOUTHERN CALIFORNIA PUBLIC RADIO
    474 S RAYMOND AVENUE
    PASADENA,CA91105     		NONE PC COMMUNICATION 43,750
    ST ANNE'S MATERNITY HOME
    155 N OCCIDENTAL BLVD
    LOS ANGELES,CA90026     		NONE PC WELFARE 150,000
    STEINWAY SOCIETY OF RIVERSIDE COUNTY
    PO BOX 3015
    RANCHO MIRAGE,CA92270     		NONE PC EDUCATIONAL 8,000
    STREET POETS
    2116 ARLINGTON AVE STE 310
    LOS ANGELES,CA90018     		NONE PC WELFARE 35,000
    STEP UP ON SECOND STREET INC
    1328 SECOND STREET
    SANTA MONICA,CA90401     		NONE PC MEDICAL 75,000
    SOUTH CENTRAL LA MINISTRY PROJECT
    892 E 48TH ST
    LOS ANGELES,CA90011     		NONE PC SOCIAL SERVICE 40,000
    UC REGENTS
    10945 LA CONTE AVE 3132
    LOS ANGELES,CA90095     		NONE PC EDUCATION 592,230
    UCLA FOUNDATION
    PO BOX 951784
    LOS ANGELES,CA90096     		NONE PC HEALTH 145,000
    UNITED FRIENDS OF THE CHILDREN
    1055 WILSHIRE BLVD SUITE 1955
    LOS ANGELES,CA90017     		NONE PC SOCIAL SERVICE 100,000
    UNITED STATES VETERANS INITIATIVE
    800 W 6TH STREET
    LOS ANGELES,CA90017     		NONE PC WELFARE 100,000
    UNITED WAY INC
    1150 S OLIVE STREET T500
    LOS ANGELES,CA90015     		NONE PC HUMAN SERVICES 75,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    3551 TROUSDALE PARKWAY STE 160
    LOS ANGELES,CA90014     		NONE PC EDUCATION 60,000
    UNUSUAL SUSPECTS THEATRE COMPANY
    617 S OLIVE STREET SUITE 812
    LOS ANGELES,CA90014     		NONE PC HEALTH 45,000
    US CHINESE ARTIST ASSOCIATES
    11 CHESTER
    IRVINE,CA92603     		NONE PC ARTS 2,000
    VENICE FAMILY CLINIC
    604 ROSE AVENUE
    VENICE,CA90291     		NONE PC MEDICAL 100,000
    WESTON A PRICE FOUNDATION
    4200 WISCONSIN AVE NW
    WASHINGTON,DC20016     		NONE PC NUTRITION 2,000
    WESIDE INFANT-FAMILY NETWORK
    5721 W SLAUSON AVE STE 200
    CULVER CITY,CA90230     		NONE PC MENTAL HEALTH 95,000
    WILDWOOD SCHOOL
    12201 WASHINGTON PLACE
    LOS ANGELES,CA90066     		NONE PC EDUCATION 10,000
    WOODEN FLOOR FOR YOUTH MOVEMENT
    1810 N MAIN STREET
    SANTA ANA,CA92706     		NONE PC SOCIAL WELFARE 75,000
    Total .................................bullet 3a 5,784,259
    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 ............     		    14 525  
    4 Dividends and interest from securities....     14 4,103,135  
    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 5,990,215  
    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 10,093,875 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1310,093,875
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 99,590 0   99,590

    TY 2014 AppliedToPriorYearElection
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Election:
    PURSUANT TO CODE SECTION 4942(H)(2) AND REG. SEC. 53.4942(A)-3(D)(2), THE CARL AND ROBERTA DEUTSCH FOUNDATION ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS COMING FROM PRIOR YEAR'S UNDISTRIBUTED INCOME AS FOLLOWS:12/31/2010: $17,400AUTHORIZED SIGNATURE

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

    TY 2014 DepreciationSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    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
    OFFICE FURNITURE 2000-06-29 176,689 173,185 SL 7.000000000000 3,504 0    

    TY 2014 GeneralExplanationAttachment
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Identifier Return Reference Explanation
      PART VII-B, QUESTION 1(A)(3) AELD, INC., A RELATED PARTY TO THE FOUNDATION, DONATED OFFICE SPACE AND ADMINISTRATIVE SERVICES IN THE AMOUNT OF $82,957 TO THE CARL & ROBERTA DEUTSCH FOUNDATION DURING 2014 AT NO CHARGE. THIS IS AN EXCEPTED ACT OF SELF-DEALING UNDER IRC SECTION 4941(D)(2)(C).
      TANGIBLE PROPERTY REGULATIONS: PURSUANT TO THE SMALL BUSINESS EXCEPTION UNDER SECTION 10.11(6)(B)(III) OF REV. PROC. 2015-20, THE TAXPAYER IS CHANGING TO ADOPT THE FINAL TANGIBLE PROPERTY REGULATIONS PROSPECTIVELY WITH ITS TAX YEAR BEGINNING JANUARY 1, 2014, AND WITHOUT FILING A FORM 3115.SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTIONTAXPAYER IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAXABLE YEAR.SECTION 1.263(A)-3(N) CAPITALIZATION ELECTIONTAXPAYER HEREBY ELECTS TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER TREAS. REG. 1.263(A)-3(N). THE COSTS WERE INCURRED DURING THE TAXABLE YEAR IN THE ELECTING TAXPAYER'S TRADE OR BUSINESS AND THE ELECTING TAXPAYER TREATS SUCH COSTS AS CAPITAL EXPENDITURES ON ITS BOOKS AND RECORDS.
      PART VII-B, QUESTION 1(A)(4): DURING THE 2014 TAX YEAR, THE FOUNDATION PAID COMPENSATION IN THE AMOUNT OF $180,000 TO JANIS MINTON CONSULTING, INC. ("JMC"), A CORPORATION THAT IS WHOLLY OWNED BY ONE OF THE FOUNDATION'S DIRECTORS, JANIS MINTON. JMC PROVIDED (AND CONTINUES TO PROVIDE) SUBSTANTIAL CORE WORK FUNCTIONS FOR THE FOUNDATION, WHICH INCLUDE BUT ARE NOT LIMITED TO, GENERAL FOUNDATION LEADERSHIP AND MANAGEMENT DUTIES, OVERSIGHT AND MANAGEMENT OF THE FOUNDATION'S GRANTMAKING AND OPERATIONAL PLAN, FOUNDATION ADMINISTRATION, PROGRAM MANAGEMENT, BOARD OF DIRECTOR SUPPORT (INCLUDING MEETING FACILITATION), WORKING WITH LEGAL AND OTHER ADVISORS, AND PROVIDING TRAINING AND EDUCATION TO ADVISORY BOARD MEMBERS. JMC IS ADDITIONALLY RESPONSIBLE FOR PROGRAMMATIC ACTIVITIES THAT INCLUDE CREATING GRANT SYSTEMS, CONDUCTING DUE DILIGENCE, AND PROVIDING STRATEGIC DIRECTION.UPON ADVICE OF COUNSEL, THE FOUNDATION'S BOARD OF DIRECTORS (THE "BOARD") HAS DETERMINED THAT THE PAYMENTS TO JMC ARE PROPERLY CLASSIFIED AS PAYMENTS TO A DISQUALIFIED PERSON FOR PERSONAL SERVICES WITHIN THE MEANING OF TREAS. REG. 53.4941(D)-3(C) AND THEREFORE QUALIFY FOR THE EXCEPTION TO SELF-DEALING SET FORTH IN IRC 4941(D)(2)(E). JMC'S SERVICES ARE REASONABLE AND NECESSARY TO CARRY OUT THE FOUNDATION'S EXEMPT PURPOSES. THE FOUNDATION HAS OBTAINED A COMPENSATION STUDY FOR THE RELEVANT PERIOD THAT CONFIRMS THAT THE LEVEL OF COMPENSATION TO JMC IS WELL BELOW MARKET RATE FOR THE EXTENT OF SERVICES PROVIDED, AND IS THEREFORE REASONABLE AND NOT EXCESSIVE.

    TY 2014 InvestmentsOtherSchedule2
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS FMV 90,268,284 90,268,284
    FUND OF FUNDS FMV 19,425,797 19,425,797
    PRIVATE EQUITY FMV 16,371,564 16,371,564

    TY 2014 LandEtcSchedule2
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE FURNITURE 176,689 176,689 0 0


    TY 2014 LegalFeesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,242 0   1,242


    TY 2014 OtherDecreasesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    POSTAGE & COURIER 3,504 0   3,504
    INSURANCE 12,643 0   12,643
    OFFICE SUPPLIES 6,125 0   6,125
    CHECKING ACCOUNT FEES 683 0   683
    PAYROLL PREP FEE 1,297 0   1,297
    FILING FEE 20 0   20
    PARKING 12,383 0   12,383
    TELEPHONE 8,960 0   8,960
    OFFICE PLANTS 1,883 0   1,883
    BANK FEES 245 0   245
    PARTNERSHIP EXPENSES 0 360,243   0


    TY 2014 OtherLiabilitiesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILTY 442,621 404,957


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 180,000 0   180,000
    OTHER PROFESSIONAL FEES 109,657 0   109,657
    INVESTMENT EXPENSE 596,674 596,674   0


    TY 2014 TaxesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN: 95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PROVISION 41,091 0   0
    FOREIGN TAXES 0 17,782   0