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
THE FROST FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)511 ARMIJO ST NO A   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA FE, NM87501
A Employer identification number

72-0520342
B Telephone number (see instructions)

(505) 986-0208
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$31,949,103J 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 10 10  
4 Dividends and interest from securities...... 810,305 810,305  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,594,292
b Gross sales price for all assets on line 6a 17,955,378
7 Capital gain net income (from Part IV, line 2)... 2,594,292
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 21,813 21,813  
12 Total. Add lines 1 through 11........ 3,426,420 3,426,420  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 204,704 102,352   102,352
14 Other employee salaries and wages...... 27,314 13,657   13,657
15 Pension plans, employee benefits....... 75,104 37,552   37,551
16a Legal fees (attach schedule)......... Click to see attachment 714 357   357
b Accounting fees (attach schedule)....... Click to see attachment 50,324 25,162   23,318
c Other professional fees (attach schedule).... Click to see attachment 14,921 7,461   7,458
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 109,977 24,794   22,723
19 Depreciation (attach schedule) and depletion... Click to see attachment 21,905 0  
20 Occupancy.............. 2,972 1,486   1,493
21 Travel, conferences, and meetings....... 29,747 14,874   14,874
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 191,634 119,619   72,313
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 729,316 347,314   296,096
25 Contributions, gifts, grants paid........ 900,333 900,333
26 Total expenses and disbursements. Add lines 24 and 25 1,629,649 347,314   1,196,429
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,796,771
b Net investment income (if negative, enter -0-) 3,079,106
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............... 500 500 500
2 Savings and temporary cash investments.......... 1,453,099 706,717 706,717
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) bullet24,348
Less: allowance for doubtful accounts bullet0 22,509 24,348 24,348
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 775 834 834
10a Investments—U.S. and state government obligations (attach schedule) 1,438,640 Click to see attachment1,834,750 1,834,750
b Investments—corporate stock (attach schedule)........ 27,262,645 Click to see attachment27,517,988 27,517,988
c Investments—corporate bonds (attach schedule)........ 1,185,840 Click to see attachment1,385,124 1,385,124
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet948,969
Less: accumulated depreciation (attach schedule) bullet472,527 498,347 Click to see attachment476,442 476,442
15 Other assets (describe bullet) Click to see attachment2,400 Click to see attachment2,400 Click to see attachment2,400
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,864,755 31,949,103 31,949,103
Liabilities 17 Accounts payable and accrued expenses.......... 17,536 11,383
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 attachment40,321 Click to see attachment3,441
23 Total liabilities (add lines 17 through 22).......... 57,857 14,824
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 31,806,898 31,934,279
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)...... 31,806,898 31,934,279
31 Total liabilities and net assets/fund balances (see instructions).. 31,864,755 31,949,103
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 31,806,898
2 Enter amount from Part I, line 27a..................... 2 1,796,771
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 9,239
4 Add lines 1, 2, and 3.......................... 4 33,612,908
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,678,629
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 31,934,279
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 MERRILL LYNCH P    
b MERRILL LYNCH P    
c CASH IN LIEU P    
d CAPITAL GAINS DIVIDENDS P    
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 7,300,632   6,943,918 356,714
b 10,370,882   8,417,168 1,953,714
c 43     43
d 283,821     283,821
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       356,714
b       1,953,714
c       43
d       283,821
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 2,594,292
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 1,413,235 28,880,346 0.048934
2012 1,820,036 26,885,541 0.067696
2011 2,054,660 27,984,801 0.073421
2010 2,179,813 26,579,118 0.082012
2009 1,811,902 24,644,807 0.073521
2 Total of line 1, column (d) ...................... 2 0.345584
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 0.069117
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 31,156,488
5 Multiply line 4 by line 3....................... 5 2,153,443
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 30,791
7 Add lines 5 and 6......................... 7 2,184,234
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,196,429
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 61,582
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 61,582
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 61,582
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 58,876
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 61,876
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 36
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 10 258
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet258 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
 
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)
    bulletNM, LA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.FROSTFOUND.ORG
    14
    The books are in care ofbulletMARY AMELIA WHITED-HOWELL Telephone no.bullet (505) 986-0208
    Located atbullet511 ARMIJO ASANTA FENM ZIP+4bullet87501
    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
    ANN ROGERS GERBER DIRECTOR
    0.50     		500 0 0
    511 ARMIJO STREET
    SANTA FE,NM87501
    PHILIP B HOWELL EX VP/TREASURER/DIRECTOR
    40.00     		98,588 0 0
    511 ARMIJO STREET
    SANTA FE,NM87501
    TAYLOR F MOORE SECRETARY/DIRECTOR
    0.50     		500 0 0
    511 ARMIJO STREET
    SANTA FE,NM87501
    MARY AMELIA WHITED-HOWELL PRESIDENT/DIRECTOR
    40.00     		105,116 0 0
    511 ARMIJO STREET
    SANTA FE,NM87501
    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
    30,679,514
    b
    Average of monthly cash balances.......................
    1b
    951,438
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    31,630,952
    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
    31,630,952
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    474,464
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    31,156,488
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,557,824
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,557,824
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    61,582
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    61,582
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,496,242
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,496,242
    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
    1,496,242
    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
    1,196,429
    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
    1,196,429
    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
    1,196,429
    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 1,496,242
    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....... 590,818
    b From 2010....... 867,675
    c From 2011....... 691,793
    d From 2012....... 492,951
    e From 2013....... 26,864
    fTotal of lines 3a through e......... 2,670,101
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,196,429
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 1,196,429
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 299,813 299,813
    (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 2,370,288
    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) ...     		291,005
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		2,079,283
    10 Analysis of line 9:
    a Excess from 2010.... 867,675
    b Excess from 2011.... 691,793
    c Excess from 2012.... 492,951
    d Excess from 2013.... 26,864
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MARY AMELIA WHITED-HOWELL PRESIDENT
    511 ARMIJO STREET SUITE A
    SANTA FE,NM87501
    (505) 986-0208
    bThe form in which applications should be submitted and information and materials they should include:
    ONE PAGE SUMMARY INCLUDE NAME, ADDRESS, PHONE NUMBER, PROJECT OR EXECUTIVE DIRECTOR, AGE OF ORGANIZATION, DESCRIPTION OF NEED, DESCRIPTION OF OBJECTIVE OR GOAL, PROCEDURES USED FOR PLANNING & IMPLEMENTING.
    cAny submission deadlines:
    DECEMBER 1ST FOR MARCH BOARD MEETING JUNE 1ST FOR SEPTEMBER BOARD MEETING
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ALBUQUERQUE PUBLIC LIBRARY FOUNDATION
    PO BOX 25792
    ALBUQUERQUE,NM87125     		NONE 501(C)3 OPERATING 2,000
    ALLIANCE FOR THE EARTH
    PO BOX 8031
    SANTA FE,NM87504     		NONE 501(C)3 OPERATINGOPERATING 50,000
    ADAPTIVE SKI PROGRAM
    1595 CAMINO LACANADA
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 10,000
    BIG SKY LEARNING
    186 A-ARROYO HONDO
    SANTA FE,NM87508     		NONE 501(C)3 YOUTH PROGRAM 5,000
    BREAK THROUGH NEW ORLEANS
    1903 JEFFERSON AVE
    NEW ORLEANS,LA70115     		NONE 501(C)3 STUDENT TEACHING 10,000
    CG JUNG INSTITUTE
    3115 SIRINGO RD
    SANTA FE,NM87507     		NONE 501(C)3 COMMUNITY PROGRAMS 16,000
    CANONES EARLY CHILDHOOD CENTER
    PO BOX 55
    CANONES,NM87516     		NONE 501(C)3 OPERATING AND LITERACY PROGRAM 12,000
    CASA ESPERANZA INC
    PO BOX 40472
    ALBUQUERQUE,NM87196     		NONE 501(C)3 FAMILY CARE TEAM 8,000
    COMMON GROUND HEALTH CLINIC
    1400 TECHE STREET
    NEW ORLEANS,LA70114     		NONE 501(C)3 PRESCRIPTION FOR PRODUCE PROGRAM 33,333
    COMMUNITY RENEWAL INTERNATIONAL
    PO BOX 4678
    SHREVEPORT,LA71134     		NONE 501(C)3 RENEWAL TEAM HAVEN HOUSE & FRIENDSHIP HOUSE 20,000
    CREATIVITY FOR PEACE
    369 MONTEZUMA AVE 566
    SANTA FE,NM87501     		NONE 501(C)3 TRANSFORMING CONFLICT 10,000
    DESERT ACADEMY
    313 CAMINO ALIRE
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 30,000
    EMBUDO VALLEY TUTORING ASSOC
    PO BOX 358
    DIXON,NM87527     		NONE 501(C)3 FREE TURORING PROGRAM FOR CHILDREN OF THE EMBUDO VALLEY 6,000
    FAMILIES HELPING FAMILIES LA INC
    7240 CROWDER BLVD 202
    NEW ORLEANS,LA70127     		NONE 501(C)3 FH FOR SELA CAREER SYMPOSIUM PROJECT 5,000
    FOOD FOR SANTA FE
    PO BOX 31086
    SANTA FE,NM87594     		NONE 501(C)3 FEEDING THE HUNGRY OF SANTA FE PROGRAM 10,000
    GERARD'S HOUSE
    PO BOX 28693
    SANTA FE,NM87592     		NONE 501(C)3 OPERATING 10,000
    HEATH CONCERTS
    438 SAN PASQUAL
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 5,000
    KINDRED SPIRITS ANIMAL SANCTUARY
    3749 A STATE HIGHWAY 14
    SANTA FE,NM87508     		NONE 501(C)3 OPERATING 9,000
    NEW MEXICO COALITION TO END HOMELESSNESS
    PO BOX 865
    SANTA FE,NM87504     		NONE 501(C)3 OPERATIONAL 10,000
    NEW MEXICO SCHOOL FOR THE ARTS
    275 EAST ALAMEDA
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 50,000
    PLANNED PARENTHOOD OF ROCKY MTNS
    719 SAN MATEO NE
    ALBUQUERQUE,NM87108     		NONE 501(C)3 ADOLESCENT PREGNANCY PREVENTION 20,000
    RIO GRANDE FOOD PROJECT
    PO BOX 66498
    ALBUQUERQUE,NM87196     		NONE 501(C)3 FEEDING NM'S HUNGRY 10,000
    SANTA FE INTERNATIONAL FOLK ART MARKET
    404 KIVA CT STE E
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 25,000
    SANTA FE PERFORMING ARTS SCHOOL & COMPANY
    PO BOX 22372
    SANTA FE,NM87502     		NONE 501(C)3 OPERATING 10,000
    SANTA FE SECONDARY SCHOOL
    1549 ST FRANCIS DR
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 25,000
    ST ELIZABETH SHELTER
    804 ALARID ST
    SANTA FE,NM87505     		NONE 501(C)3 CASA FAMILA URGENT CTR 20,000
    THE GLEN RETIREMENT SYSTEM
    403 EAST FLOURNAY LUCAS RD
    SHREVEPORT,LA71115     		NONE 501(C)3 OPERATING 7,500
    THE HOPI SCHOOL INC
    PO BOX 56
    HOTEVILLA,AZ860300056     		NONE 501(C)3 OPERATING 2,000
    THE LENSIC SF PERFORMING ARTS CTR
    211 WEST SAN FRANCISCO ST
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 5,000
    THE SANTA FE INSTITUTE
    1399 HYDE PARK RD
    SANTA FE,NM87501     		NONE 501(C)3 HUMAN & SOCIAL MENTORSHIP IN SANTA FE 30,000
    THINK NEW MEXICO
    1227 PASEO DE PERALTA
    SANTA FE,NM87501     		NONE 501(C)3 2014-2015 INITIATIVE PROGRAM 20,000
    VIETNAM PROJECT
    60 RAVENS RIDGE
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 1,000
    VOLUNTEERS OF NORTH LOUISIANA GRANTS
    360 JORDAN STREET
    SHREVEPORT,LA71101     		NONE 501(C)3 COMMUNITIES IN SCHOOLS PROGRAM 25,000
    WAY MAKERS MINISTRIES
    804 1ST AVE
    HARVEY,LA70058     		NONE 501(C)3 EACH ONE HELP ONE PROJECT AND SMM WOMENS PROGRAM 45,000
    CAFE RECONCILE NEW ORLEANS
    1631 ORETHA CASTLE HALEY BLVD
    NEW ORLEANS,LA70113     		NONE 501(C)3 EDUCATING FOR SUCCESS 20,000
    CASA COURT APPTD SPEC ADVOCATES
    466 W SAN FRANCISCO ST
    SANTA FE,NM87501     		NONE 501(C)3 CORE PROGRAM 12,000
    CLN KIDSQUIANDO LOS NINOS
    PO BOX 12786
    ALBUQUERQUE,NM87195     		NONE 501(C)3 TRAMA INFORMED CARE 10,000
    CORNUCOPIA ADULT DAY SERVICE
    2002 BRIDGE BLVD SW
    ALBUQUERQUE,NM87105     		NONE 501(C)3 GREENHOUSE PROJECT 10,000
    EDEN HOUSE
    PO BOX 750386
    NEW ORLEANS,LA70175     		NONE 501(C)3 RECOVERY PROJECT 15,000
    EL CASTILLO RETIREMENT RESIDENCY
    250 EAST ALAMEDA
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 2,000
    FIRST UNITED METHODIST CHURCH
    PO BOX 1567
    SHREVEPORT,LA71165     		NONE 501(C)3 OPERATING 2,500
    GIRLS INC
    301 HILLSIDE AVE
    SANTA FE,NM87501     		NONE 501(C)3 OEPRATING 10,000
    GOODWILL INDUSTRIES OF NORTH LA INC
    800 W 70TH ST
    SHREVEPORT,LA71106     		NONE 501(C)3 EDUCATION & EMPLOYMENT PROG 20,000
    HEADING HOME
    PO BOX 27636
    ALBUQUERQUE,NM87102     		NONE 501(C)3 ALBUQUERQUE OPPORTUNITY CTR 10,000
    IMPACT PERSONAL SAFETY
    PO BOX 8350
    SANTA FE,NM87504     		NONE 501(C)3 PREPARE CHILD SAFETY 7,000
    LITERACY LINK
    515 WEST COLLEGE AVE
    SILVER CITY,NM88061     		NONE 501(C)3 OPERATING 5,000
    LITERACY VOLUNTEERS OF SANTA FE
    6401 RICHARDS AVE
    SANTA FE,NM87505     		NONE 501(C)3 TUTORING PROGRAM 10,000
    LOUISIANA ASSOC OF NONPROFIT ORGANIZATIONS
    447 THIRD STREET-2ND FLOOR
    BATON ROUGE,LA70896     		NONE 501(C)3 TRAINING PROGRAM 5,000
    MANY MOTHERS
    PO BOX 23222
    SANTA FE,NM87502     		NONE 501(C)3 OPERATING 8,000
    MESILLA VALLEY COMMUNITY OF HOPE
    PO BOX 6875
    LAS CRUCES,NM88006     		NONE 501(C)3 HOMELESS VETERANS PROGRAM 10,000
    NEW VISTAS EARLY CHILDHOOD PROGRAM
    1205 PARKWAY DR STE A
    SANTA FE,NM87507     		NONE 501(C)3 OPERATING 15,000
    P B & J FAMILY SERVICES
    1101 LOPEZ ROAD SW
    ALBUQUERQUE,NM87105     		NONE 501(C)3 TRANSPORTATION PROJECT 12,000
    PLANNED PARENTHOOD OF GULF COAST INC
    4600 GULF FREEWAY
    HOUSTON,TX77023     		NONE 501(C)3 OPERATING 25,000
    PMS HOMECARE & HOSPICE
    PO BOX 2267
    SANTA FE,NM87504     		NONE 501(C)3 OPERATING 1,000
    PUERTO SEGURO
    PO BOX 1433
    SOCORRO,NM87801     		NONE 501(C)3 OEPRATING 10,000
    SACRAMENTO MOUNTAIN VILLAGE
    PO BOX 1533
    RUIDOSO,NM88355     		NONE 501(C)3 OPERATING 1,000
    SANTA FE FARMER'S MARKET INSTITUTE
    1607 PASEO DE PERALTA
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 5,000
    SECOND HARVEST FOOD
    700 EDWARDS AVE
    NEW ORLEANS,LA70123     		NONE 501(C)3 WORKING TOGETHER TO END HUNGER 10,000
    SOUTHWEST CREATIONS COLLABORATIVE
    1308 4TH ST NW
    ALBUQUERQUE,NM87102     		NONE 501(C)3 HOCIA LA UNIVERSIDAD PROGRAM 15,000
    TENDERLOVE COMMUNITY CENTER
    PO BOX 65156
    ALBUQUERQUE,NM87193     		NONE 501(C)3 CREATIVE SEWING PROJECT 8,000
    THE NEW MEXICO ADOPTION EXCHANGE
    2920 CARLISLE BLVD NE STE G
    ALBUQUERQUE,NM87110     		NONE 501(C)3 NM FAMILY & RECRUITMENT PROGRAM 5,000
    THE SANTA FE OPERA
    PO BOX 2408
    SANTA FE,NM87504     		NONE 501(C)3 ACTIVE LEARNING OPERA PROGRAM 15,000
    TULANE UNIV PARENTS COUNCIL
    6823 ST CHARLES AVE
    NEW ORLEANS,LA70118     		NONE 501(C)3 OPERATING 10,000
    WAREHOUSE 21
    1614 PASEO DE PERALTA
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 20,000
    WISE FOOL YOUTH MOVEMENT INITIATIVE
    2778-D AGUA FRIA
    SANTA FE,NM87507     		NONE 501(C)3 CIRCUS COMES TO SCHOOL PROGRAM 15,000
    YOUNG FATHERS OF SANTA FE
    PO BOX 22254
    SANTA FE,NM87502     		NONE 501(C)3 OPERATING 10,000
    YOUTH SHELTERS & FAMILY SERVICES
    PO BOX 28279
    SANTA FE,NM87592     		NONE 501(C)3 OPERATING 10,000
    Total .................................bullet 3a 900,333
    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 10  
    4 Dividends and interest from securities....     14 810,305  
    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.....     01 21,813  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 2,594,292  
    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 3,426,420 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,426,420
    (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:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 50,324 25,162   23,318

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

    TY 2014 DepreciationSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    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
    BUILDING 1998-06-01 601,725 259,099 SL 39.000000000000 15,429 0    
    FURNITURE & FIXTURES 1998-06-01 14,425 14,425 SL 7.000000000000 0 0    
    BRUNO ADVERTISING - SIGN 2001-04-11 1,234 1,234 SL 7.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2002-10-03 15,535 15,535 SL 7.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2002-11-26 26,963 26,963 SL 7.000000000000 0 0    
    TWICE PREFERRED 2002-11-26 4,000 4,000 SL 7.000000000000 0 0    
    IRRIGATION 2002-09-09 2,441 2,441 SL 7.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2003-02-04 9,842 9,842 SL 7.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2003-02-11 2,282 2,282 SL 7.000000000000 0 0    
    LOE ALARM - PHONE SYSTEM 2003-02-21 3,450 3,450 SL 7.000000000000 0 0    
    DELL COMPUTERS 2003-02-25 2,667 2,667 SL 5.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2003-03-04 2,360 2,360 SL 7.000000000000 0 0    
    HART GALLERIES - RUG & FURNISHINGS 2003-03-06 4,950 4,950 SL 7.000000000000 0 0    
    DELL COMPUTERS 2003-03-21 904 904 SL 5.000000000000 0 0    
    DESK & CHAIR 2003-04-01 2,511 2,511 SL 7.000000000000 0 0    
    DELL COMPUTER 2003-05-20 1,542 1,542 SL 5.000000000000 0 0    
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2003-06-19 1,267 1,267 SL 7.000000000000 0 0    
    FRAMES - FRAME OF MIND 2003-06-25 13,182 13,182 SL 7.000000000000 0 0    
    COMPUTER & SERVER 2003-05-13 1,488 1,488 SL 5.000000000000 0 0    
    FURNITURE & FIXTURES 1998-06-01 15,000 15,000 SL 7.000000000000 0 0    
    COMPUTER 2004-03-17 1,716 1,716 SL 5.000000000000 0 0    
    COPIER 2004-03-11 2,048 2,048 SL 5.000000000000 0 0    
    OUTSIDE LIGHTS 2004-08-20 11,114 11,114 SL 7.000000000000 0 0    
    FRAMES - FRAME OF MIND 2005-02-14 2,792 2,792 SL 7.000000000000 0 0    
    FRAMES - FRAME OF MIND 2005-03-07 2,092 2,092 SL 7.000000000000 0 0    
    OFFICE FURNITURE 2005-05-11 5,065 5,065 SL 7.000000000000 0 0    
    ASIAN ADOBE-LAMPSHADE, PORCELAIN BOWLS 2005-05-31 912 912 SL 7.000000000000 0 0    
    BUILDING IMPROVEMENTS 2005-06-30 20,525 4,472 SL 39.000000000000 526 0    
    LAMPS 2005-11-18 1,259 1,259 SL 7.000000000000 0 0    
    BUILDING IMPROVEMENTS 2007-09-01 162,986 26,467 SL 39.000000000000 4,179 0    
    WATER SYSTEM 2008-07-02 6,444 5,064 SL 7.000000000000 921 0    
    COMPUTER 2011-02-09 4,248 2,479 SL 5.000000000000 850 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 1,385,124 1,385,124

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCKS 27,517,988 27,517,988

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    US Government Securities - End of Year Book Value:

    1,834,750
    US Government Securities - End of Year Fair Market Value:

    1,834,750
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2014 LandEtcSchedule2
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 601,725 274,528 327,197  
    FURNITURE & FIXTURES 14,425 14,425 0  
    BRUNO ADVERTISING - SIGN 1,234 1,234 0  
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 15,535 15,535 0  
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 26,963 26,963 0  
    TWICE PREFERRED 4,000 4,000 0  
    IRRIGATION 2,441 2,441 0  
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 9,842 9,842 0  
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2,282 2,282 0  
    LOE ALARM - PHONE SYSTEM 3,450 3,450 0  
    DELL COMPUTERS 2,667 2,667 0  
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 2,360 2,360 0  
    HART GALLERIES - RUG & FURNISHINGS 4,950 4,950 0  
    DELL COMPUTERS 904 904 0  
    DESK & CHAIR 2,511 2,511 0  
    DELL COMPUTER 1,542 1,542 0  
    AMERICAN COUNTRY COLLECTION OFFICE FURNITURE 1,267 1,267 0  
    FRAMES - FRAME OF MIND 13,182 13,182 0  
    COMPUTER & SERVER 1,488 1,488 0  
    FURNITURE & FIXTURES 15,000 15,000 0  
    COMPUTER 1,716 1,716 0  
    COPIER 2,048 2,048 0  
    OUTSIDE LIGHTS 11,114 11,114 0  
    FRAMES - FRAME OF MIND 2,792 2,792 0  
    FRAMES - FRAME OF MIND 2,092 2,092 0  
    OFFICE FURNITURE 5,065 5,065 0  
    ASIAN ADOBE-LAMPSHADE, PORCELAIN BOWLS 912 912 0  
    BUILDING IMPROVEMENTS 20,525 4,998 15,527  
    LAMPS 1,259 1,259 0  
    BUILDING IMPROVEMENTS 162,986 30,646 132,340  
    WATER SYSTEM 6,444 5,985 459  
    COMPUTER 4,248 3,329 919  


    TY 2014 LegalFeesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 714 357   357


    TY 2014 OtherAssetsSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 2,400 2,400 2,400


    TY 2014 OtherDecreasesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REPAIRS & MAINTENANCE 8,109 4,055   4,190
    INSURANCE 7,798 3,899   3,899
    OFFICE EXPENSE 5,193 2,597   2,704
    POSTAGE/SHIPPING 3,592 1,796   1,910
    JANITORIAL 4,221 2,111   2,110
    COMPOUND FEES 3,153 1,577   1,577
    SECURITY 1,080 540   540
    DUES & SUBSCRIPTIONS 1,310 655   655
    TELEPHONE 5,604 2,802   2,741
    INVESTMENT FEES 99,587 99,587   0
    BIENNIAL REPORT 51,987 0   51,987


    TY 2014 OtherIncomeSchedule2
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS ROYALTY 14,444 14,444 14,444
    LITIGATION SETTLEMENT FUND 7,369 7,369 7,369


    TY 2014 OtherIncreasesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAXES PAYABLE 747 735
    EXCISE TAX PAYABLE 39,574 2,706


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER & OTHERS 11,598 5,799   5,797
    PENSION ADMIN 3,323 1,662   1,661


    TY 2014 TaxesSchedule
    Name:
    THE FROST FOUNDATION
    EIN: 72-0520342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL & OTHER 31,680 8,957   22,723
    FEDERAL EXCISE TAX 62,460 0   0
    FOREIGN TAXES 15,837 15,837   0