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
CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2426   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SARATOGA, CA95070
A Employer identification number

77-0456278
B Telephone number (see instructions)

(408) 867-1892
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$6,185,923J 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 34,024 34,024  
4 Dividends and interest from securities...... 179,992 179,992  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 355,966
b Gross sales price for all assets on line 6a 2,824,458
7 Capital gain net income (from Part IV, line 2)... 355,966
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 566 0 566
12 Total. Add lines 1 through 11........ 570,548 569,982 566
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 80,000 8,000 0 68,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 660 0 0 660
b Accounting fees (attach schedule)....... Click to see attachment 8,535 854 0 7,681
c Other professional fees (attach schedule).... Click to see attachment 65,507 65,507 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,455 4,087 0 6,062
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,140 0 566 3,574
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 169,297 78,448 566 85,977
25 Contributions, gifts, grants paid........ 219,615 219,615
26 Total expenses and disbursements. Add lines 24 and 25 388,912 78,448 566 305,592
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 181,636
b Net investment income (if negative, enter -0-) 491,534
c Adjusted net income (if negative, enter -0-)... 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............... 30,156 26,934 26,934
2 Savings and temporary cash investments.......... 1,112,409 112,522 112,522
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)..... 625 1,625,000 1,625,000
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) 156,207 Click to see attachment156,207 224,475
b Investments—corporate stock (attach schedule)........ 1,702,308 Click to see attachment1,474,595 1,884,560
c Investments—corporate bonds (attach schedule)........ 1,529,883 Click to see attachment1,425,421 1,563,595
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 734,573 Click to see attachment627,118 748,836
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1 Click to see attachment1 Click to see attachment1
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,266,162 5,447,798 6,185,923
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 5,266,162 5,447,798
30 Total net assets or fund balances (see instructions)...... 5,266,162 5,447,798
31 Total liabilities and net assets/fund balances (see instructions).. 5,266,162 5,447,798
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 5,266,162
2 Enter amount from Part I, line 27a..................... 2 181,636
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 5,447,798
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,447,798
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 100000 SHS ALCOA INC CALL P 2014-01-14 2014-06-05
b 68 SHS AMAZON.COM INC P 2011-02-09 2014-06-06
c 289 SHS AMER EXPRESS CO P 2012-05-16 2014-06-06
d 53 SHS APPLE INC P 2012-07-30 2014-06-06
e 894 SHS BANK OF AMER CORP P 2013-05-30 2014-06-06
343 SHS BARCLAYS BANK PLC FI P 2013-05-28 2014-06-06
35 SHS BARCLAYS BANK PLC FI P 2013-08-22 2014-06-06
492 SHS BARCLAYS BANK PLC FI P 2013-08-22 2014-12-16
131 SHS BARCLAYS BANK PLC FI P 2014-01-30 2014-12-16
400 SHS BARCLAYS BK PLC FI P 2013-05-28 2014-06-06
252 SHS BARCLAYS BK PLC FI P 2013-05-28 2014-01-23
95 SHS BASF SE SPON ADR P 2013-02-21 2014-12-16
61 SHS BASF SE SPON ADR P 2013-02-21 2014-01-23
87 SHS BASF SE SPON ADR P 2013-02-21 2014-06-06
73 SHS BASF SE SPON ADR P 2014-03-10 2014-12-16
66 SHS BASF SE SPON ADR P 2014-09-17 2014-12-16
117 SHS BERKSHIRE HATHAWAY INC NEW CL B P 2012-07-25 2014-06-06
89 SHS BHP BILLITON LTD SPON ADR P 2012-07-26 2014-07-07
219 SHS BHP BILLITON LTD SPON ADR P 2012-07-26 2014-12-16
208 SHS CHEVRON CORP P 2012-07-31 2014-12-16
92 SHS CHEVRON CORP P 2012-07-31 2014-06-06
317 SHS CISCO SYSTEMS INC P 2012-08-01 2014-06-06
255 SHS CITIGROUP INC P 2013-05-30 2014-06-06
122 SHS CITIGROUP INC P 2013-05-30 2014-10-27
40 SHS CITIGROUP INC P 2013-08-22 2014-10-27
257 SHS COCA COLA CO COM P 2012-05-24 2014-06-06
203 SHS COMCAST CORP NEW CL A P 2012-08-01 2014-01-21
338 SHS COMCAST CORP NEW CL A P 2012-08-01 2014-06-06
75000 SHS COMPASS BANK NTS P 2009-05-12 2014-09-04
139 SHS DAIMLER AG SPON ADR P 2013-09-12 2014-06-06
90000 SHS EOG RESOURCES INC. NTS P 2011-05-19 2014-12-16
135 SHS EXXON MOBIL CORP P 2012-07-25 2014-06-06
1395 SHS FI ENHANCED BIG CAP GROWTH ETN P 2013-05-28 2014-06-10
910 SHS FI ENHANCED BIG CAP GROWTH ETN P 2013-05-28 2014-06-06
150000 SHS GENERAL ELEC CAP CORP P 2014-01-14 2014-09-04
100000 SHS GENL ELEC CAP CORP NTS P 2007-08-23 2014-06-05
664 SHS GENL ELECTRIC CO P 2008-03-17 2014-06-06
162 SHS GENL ELECTRIC CO P 2011-04-27 2014-06-06
1338 SHS GENL ELECTRIC CO P 2011-04-27 2014-12-16
420 SHS GENL ELECTRIC CO P 2012-06-19 2014-12-16
343 SHS GENL ELECTRIC CO P 2014-09-05 2014-12-16
85 SHS GLAXO SMITHKLINE PLC ADR P 2007-08-10 2014-06-06
233 SHS GLAXO SMITHKLINE PLC ADR P 2011-04-28 2014-06-06
517 SHS GLAXO SMITHKLINE PLC ADR P 2011-04-28 2014-12-16
145 SHS GLAXO SMITHKLINE PLC ADR P 2012-06-19 2014-12-16
42 SHS GOOGLE INC CL C P 2011-05-19 2014-06-06
217 SHS HOME DEPOT INC P 2012-07-26 2014-06-06
100000 SHS HSBC FIN CORP NTS P 2010-07-22 2014-06-05
372 SHS HSBC HOLDINGS PLC NEW GB SPON ADR P 2012-04-04 2014-06-06
270 SHS INTEL CORP P 2008-01-29 2014-06-06
152 SHS INTEL CORP P 2009-08-18 2014-06-06
248 SHS INTEL CORP P 2009-08-18 2014-07-07
4 SHS INTEL CORP P 2009-12-04 2014-07-07
111 SHS INTL BUSINESS MACH P 2011-05-19 2014-06-06
109 SHS INTL BUSINESS MACH P 2012-07-25 2014-06-06
6 SHS INTL BUSINESS MACH P 2012-07-25 2014-06-16
60 SHS INTL BUSINESS MACH P 2014-01-29 2014-06-16
676 SHS ISHARES IBOXX HIGH YIELD P 2009-03-13 2014-06-06
242 SHS JOHNSON & JOHNSON COM P 2008-05-02 2014-06-06
224 SHS JPMORGAN CHASE & CO P 2012-03-26 2014-06-06
65 SHS JPMORGAN CHASE & CO P 2012-07-25 2014-06-06
7435 SHS LLOYDS BANKING GROUP PLC SPON ADR P 2013-10-29 2014-12-16
1466 SHS LLOYDS BANKING GROUP PLC SPON ADR P 2014-06-19 2014-12-16
1828 SHS LLOYDS BANKING GROUP PLC SPON ADR P 2014-09-05 2014-12-16
262 SHS LOREAL CO ADR FRANCE ADR P 2012-04-05 2014-06-06
100000 SHS LOWES COMPANIES INC CALL P 2007-08-28 2014-06-05
690 SHS LVMH MOET HENNESSY LOUIS NEW ADR P 2012-04-13 2014-06-06
340 SHS MCDONALDS CORP P 2012-04-10 2014-06-06
11 SHS MCDONALDS CORP P 2012-04-10 2014-06-16
110 SHS MCDONALDS CORP P 2012-06-21 2014-06-16
151 SHS MERCK & CO INC NEW COM P 2014-06-11 2014-10-22
399 SHS MICROSOFT CORP P 2008-03-17 2014-06-06
250 SHS NOVARTIS AG SPON ADR P 2012-08-16 2014-06-06
324 SHS NOVO NORDISK ADR DENMARK ADR P 2012-05-22 2014-06-06
157 SHS ORACLE CORP P 2007-11-16 2014-06-06
99 SHS ORACLE CORP P 2010-07-22 2014-06-06
158 SHS ORACLE CORP P 2010-07-22 2014-10-30
150000 SHS ORIX CORP P 2010-07-21 2014-06-05
120 SHS PEPSICO INC P 2012-08-16 2014-06-06
150000 SHS PETROBRAS GLOBAL FIN B/E P 2014-01-14 2014-01-27
452 SHS PFIZER INC P 2011-03-14 2014-04-15
655 SHS PFIZER INC P 2011-03-14 2014-06-06
54 SHS PROCTER & GAMBLE CO P 2005-07-11 2014-06-06
69 SHS PROCTER & GAMBLE CO P 2005-09-07 2014-06-06
24 SHS PROCTER & GAMBLE CO P 2005-10-10 2014-06-06
14 SHS PROCTER & GAMBLE CO P 2006-01-04 2014-06-06
55 SHS PROCTER & GAMBLE CO P 2006-06-22 2014-06-06
255 SHS QUALCOMM INC P 2011-03-15 2014-06-06
269 SHS ROYAL BANK OF CANADA CAD P 2012-08-16 2014-06-06
381 SHS SANOFI SPON ADR P 2011-03-02 2014-06-06
123 SHS SAP SE SPON ADR P 2012-05-16 2014-06-06
93 SHS SCHLUMBERGER LTD P 2010-07-23 2014-06-06
86 SHS SCHLUMBERGER LTD P 2012-07-06 2014-10-22
75 SHS SCHLUMBERGER LTD P 2012-07-06 2014-06-06
19 SHS SCHLUMBERGER LTD P 2012-07-06 2014-12-16
121 SHS SCHLUMBERGER LTD P 2014-01-29 2014-12-16
82 SHS SCHLUMBERGER LTD P 2014-09-05 2014-12-16
78 SHS SCHLUMBERGER LTD P 2014-12-12 2014-12-16
220 SHS SIEMENS A G SPON ADR P 2013-10-29 2014-12-16
80 SHS SIEMENS A G SPON ADR P 2013-10-29 2014-06-06
157 SHS TOYOTA MOTOR CORP NEW P 2012-08-01 2014-06-06
2553 SHS UBS GROUP AG CHF P 2014-01-16 2014-12-16
685 SHS UBS GROUP AG CHF P 2014-09-05 2014-12-16
114 SHS UNTD TECHNOLOGIES CORP P 2007-08-21 2014-04-15
188 SHS UNTD TECHNOLOGIES CORP P 2007-08-21 2014-06-06
1093 SHS VANGUARD FTSE DEVELOPED P 2013-12-06 2014-01-16
84 SHS VISA INC CL A P 2012-04-13 2014-06-06
272 SHS WALT DISNEY CO P 2012-07-26 2014-06-06
100000 SHS WALT DISNEY CO CALL@M/W P 2007-08-28 2014-06-05
45000 SHS WALT DISNEY CO CALL@M/W P 2007-10-31 2014-06-05
483 SHS WELLS FARGO & CO NEW P 2010-08-06 2014-06-06
(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 109,038   104,669 4,369
b 22,328   12,632 9,696
c 27,098   16,740 10,358
d 34,327   31,587 2,740
e 13,890   12,321 1,569
45,875   33,908 11,967
4,681   3,462 1,219
51,068   48,669 2,399
13,598   14,987 -1,389
51,518   39,400 12,118
28,071   24,822 3,249
8,147   9,131 -984
6,626   5,863 763
10,154   8,362 1,792
6,260   8,048 -1,788
5,660   6,565 -905
15,002   9,832 5,170
6,285   5,715 570
10,081   14,062 -3,981
21,600   22,965 -1,365
11,427   10,157 1,270
7,855   5,055 2,800
12,453   13,569 -1,116
6,259   6,492 -233
2,052   1,993 59
10,511   9,723 788
10,844   6,838 4,006
17,772   11,386 6,386
81,944   60,098 21,846
13,305   10,484 2,821
104,883   100,187 4,696
13,652   11,480 2,172
69,341   51,310 18,031
45,108   33,471 11,637
149,475   144,162 5,313
106,758   96,927 9,831
17,926   22,995 -5,069
4,373   3,329 1,044
33,131   27,494 5,637
10,400   8,438 1,962
8,493   8,916 -423
4,547   4,418 129
12,464   10,205 2,259
21,869   22,644 -775
6,133   6,708 -575
23,295   11,198 12,097
17,522   11,368 6,154
104,313   101,394 2,919
19,511   16,568 2,943
7,553   5,528 2,025
4,252   2,850 1,402
7,678   4,651 3,027
124   82 42
20,698   18,950 1,748
20,325   20,910 -585
1,090   1,151 -61
10,902   10,656 246
64,051   45,254 18,797
24,924   16,483 8,441
12,746   10,323 2,423
3,699   2,288 1,411
35,569   38,019 -2,450
7,013   7,862 -849
8,745   8,971 -226
9,064   6,269 2,795
110,513   98,294 12,219
26,896   23,269 3,627
34,690   33,390 1,300
1,107   1,080 27
11,074   9,736 1,338
8,372   8,889 -517
16,503   11,366 5,137
22,239   15,043 7,196
14,050   9,417 4,633
6,664   3,257 3,407
4,202   2,386 1,816
6,071   3,808 2,263
154,901   150,664 4,237
10,517   8,760 1,757
132,588   134,525 -1,937
13,480   8,915 4,565
19,323   12,918 6,405
4,317   2,905 1,412
5,516   3,889 1,627
1,919   1,344 575
1,119   824 295
4,397   3,064 1,333
20,437   13,447 6,990
18,343   14,505 3,838
20,536   13,525 7,011
9,236   7,453 1,783
9,798   5,447 4,351
8,313   5,629 2,684
7,902   4,909 2,993
1,570   1,244 326
10,000   10,572 -572
6,777   8,692 -1,915
6,447   6,319 128
25,092   28,501 -3,409
10,774   10,364 410
18,054   12,136 5,918
44,314   53,454 -9,140
11,890   12,167 -277
13,107   8,403 4,704
22,267   13,858 8,409
45,316   44,361 955
17,820   10,330 7,490
22,998   13,464 9,534
110,762   100,285 10,477
49,843   45,375 4,468
25,048   13,315 11,733
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       4,369
b       9,696
c       10,358
d       2,740
e       1,569
      11,967
      1,219
      2,399
      -1,389
      12,118
      3,249
      -984
      763
      1,792
      -1,788
      -905
      5,170
      570
      -3,981
      -1,365
      1,270
      2,800
      -1,116
      -233
      59
      788
      4,006
      6,386
      21,846
      2,821
      4,696
      2,172
      18,031
      11,637
      5,313
      9,831
      -5,069
      1,044
      5,637
      1,962
      -423
      129
      2,259
      -775
      -575
      12,097
      6,154
      2,919
      2,943
      2,025
      1,402
      3,027
      42
      1,748
      -585
      -61
      246
      18,797
      8,441
      2,423
      1,411
      -2,450
      -849
      -226
      2,795
      12,219
      3,627
      1,300
      27
      1,338
      -517
      5,137
      7,196
      4,633
      3,407
      1,816
      2,263
      4,237
      1,757
      -1,937
      4,565
      6,405
      1,412
      1,627
      575
      295
      1,333
      6,990
      3,838
      7,011
      1,783
      4,351
      2,684
      2,993
      326
      -572
      -1,915
      128
      -3,409
      410
      5,918
      -9,140
      -277
      4,704
      8,409
      955
      7,490
      9,534
      10,477
      4,468
      11,733
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 2 355,966
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 293,592 5,978,352 0.049109
2012 285,913 5,886,256 0.048573
2011 303,305 6,107,678 0.049660
2010 291,379 5,870,053 0.049638
2009 218,139 5,297,114 0.041181
2 Total of line 1, column (d) ...................... 2 0.238161
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 0.047632
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,848,184
5 Multiply line 4 by line 3....................... 5 326,193
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,915
7 Add lines 5 and 6......................... 7 331,108
8 Enter qualifying distributions from Part XII, line 4.............. 8 305,592
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 9,831
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 9,831
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 9,831
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 2,038
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,538
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,707
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet2,707 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)
    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) Click to see attachment.............
    11
    Yes
     
    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 ofbulletLINDA CORBALIS Telephone no.bullet (408) 867-1249
    Located atbulletPO BOX 2426SARATOGACA ZIP+4bullet95070
    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
    Yes
     
    .........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
    CHARLES M CORBALIS CHAIRMAN
    8.00     		40,000 0 0
    PO BOX 2426
    SARATOGA,CA95070
    LINDA J CORBALIS SECRETARY
    8.00     		40,000 0 0
    PO BOX 2426
    SARATOGA,CA95070
    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
    FISHER INVESTMENTS INVESTMENT ADVISORS 65,252
    13100 SKYLINE BLVD
    WOODSIDE,CA94062
    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 THE FOUNDATION FORMED IMMACULATE HEART MEDIA, LLC. THE FOUNDATION IS THE SOLE MEMBER. THE PURPOSE OF THE LLC IS TO FURTHER DEVELOP, IMPROVE, MODIFY, ENHANCE, REFINE, REPRODUCE, PREPARE DERIVATIVE WORKS FROM, AND DISTRIBUTE THE ENCOUNTER WITH CHRIST - DAILY MEDITATION AND PRAYER AIDE APPLICATION SOFTWARE, TECHNOLOGY, AND CONTENT, AND SUCH OTHER ACTIVITIES THAT CARRY OUT OR FURTHER THE CHARITABLE PURPOSES OF THE FOUNDATION. 4,412
    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
    5,118,983
    b
    Average of monthly cash balances.......................
    1b
    208,488
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,625,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,952,471
    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
    6,952,471
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    104,287
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,848,184
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    342,409
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    342,409
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    9,831
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,831
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    332,578
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    332,578
    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
    332,578
    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
    305,592
    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
    305,592
    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
    305,592
    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 7 332,578
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010....... 1,275
    c From 2011....... 1,517
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 2,792
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 305,592
    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..... 305,592
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 2,792 2,792
    (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 ..........     		24,194
    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).)
    CHARLES M CORBALIS
    LINDA J CORBALIS
    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
    AUTISM SPEAKS
    1 EAST 33RD STREET 4TH FLOOR
    NEW YORK,NY10016     		  PUBLIC CHARITY TO PROVIDE COMMUNITY SUPPORT 5,000
    AVILA FOUNDATION
    1062 GRAND OAKS DRIVE
    BESSEMER,AL35022     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 5,000
    CANYON HEIGHTS ACADEMY
    775 WALDO ROAD
    CAMPBELL,CA95008     		  PUBLIC CHARITY TO SUPPORT EDUCATION 40,000
    CATHOLICS COME HOME
    560 W GROSSVILL ROAD STE 101
    ROSWELL,GA30075     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 12,000
    DIOCESE OF SAN JOSE
    1150 NORTH FIRST STREET SUITE 100
    SAN JOSE,CA951124966     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 6,000
    FOOD FOR THE POOR INC
    6401 LYONS ROAD
    COCONUT CREEK,FL33073     		  PUBLIC CHARITY TO PROVIDE COMMUNITY SUPPORT 5,000
    HABITAT FOR HUMANITY EAST BAYSILICON VALLEY
    2619 BROADWAY
    OAKLAND,CA94612     		  PUBLIC CHARITY TO PROVIDE COMMUNITY SUPPORT 5,000
    HOPE SERVICES
    30 LAS COLINAS LANE
    SAN JOSE,CA95119     		  PUBLIC CHARITY TO PROVIDE COMMUNITY SUPPORT 4,500
    IMMACULATE HEART RADIO
    3256 PENRYN ROAD SUITE 100
    LOOMIS,CA95650     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 25,000
    LEGIONARIES OF CHRIST
    22825 SAN JUAN ROAD
    CUPERTINO,CA95014     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 15,000
    LIVE ACTION
    2200 WILSON BLVD SUITE 102 111
    ARLINGTON,VA22201     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 10,000
    MAKE A WISH FOUNDATION
    55 HAWTHORNE STREET SUITE 800
    SAN FRANCISCO,CA94105     		  PUBLIC CHARITY TO PROVIDE COMMUNITY SUPPORT 5,000
    REGNUM CHRISTI SPIRITUALITY CENTER
    525 TRIPLE GAP ROAD SUITE 1466
    CUMMING,GA30028     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 5,000
    SACRED HEART COMMUNITY SERVICES
    1381 SOUTH FIRST STREET
    SAN JOSE,CA95110     		  PUBLIC CHARITY TO PROVIDE COMMUNITY SUPPORT 5,000
    SACRED HEART PARISH
    13716 SARATOGA AVE
    SARATOGA,CA95070     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 18,000
    SETON SCHOOL
    9314 MAPLE STREET
    MANASSAS,VA20110     		  PUBLIC CHARITY TO SUPPORT EDUCATION 75
    ST JUAN DIEGO SOCIETY INC
    12 N WHITE ROAD STE 5
    SAN JOSE,CA95127     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 6,000
    ST PATRICK'S SEMINARY AND UNIVERSITY
    320 MIDDLEFIELD RD
    MENLO PARK,CA94025     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 27,000
    THE INSTITUTE ON RELIGION AND PUBLIC LIFE
    35 EAST 21 ST STREET 6TH FLOOR
    NEW YORK,NY10010     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 10,000
    THE JESUIT RETREAT CENTER
    300 MANRESA WAY
    LOS ALTOS,CA94022     		  PUBLIC CHARITY TO SUPPORT PROGRAMS OF THE CATHOLIC FAITH 5,000
    VICTORY RANCH INC
    828 OWENS LAKE DR
    SAN JOSE,CA95123     		  PUBLIC CHARITY TO PROVIDE COMMUNITY SUPPORT 5,000
    WINGS LEARNING CENTER
    1201 MAIN STREET
    REDWOOD CITY,CA94063     		  PUBLIC CHARITY TO SUPPORT ACADEMIC AND SOCIAL NEEDS OF CHILDREN WITH SUTISM AND COMMUNICATION DISORDERS 500
    UNBOUND
    1 ELMWOOD AVE
    KANSAS CITY,KS66103     		  PUBLIC CHARITY TO PROVIDE COMMUNITY SUPPORT 540
    Total .................................bullet 3a 219,615
    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
    aENCOUNTER APP         566
    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 34,024  
    4 Dividends and interest from securities....     14 179,992  
    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 .............     		    18 355,966  
    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).. 0 569,982 566
    13Total. Add line 12, columns (b), (d), and (e)..................
    13570,548
    (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.)
    1A THE ENCOUNTER APP IS A PERSONAL TOOL TO HELP ENGAGE METHODICALLY AND DAILY IN MEDIATIVE PRAYER.
    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:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,535 854 0 7,681

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Name of Bond End of Year Book Value End of Year Fair Market Value
    UBS CORPORATE BONDS 1,425,421 1,563,595

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Name of Stock End of Year Book Value End of Year Fair Market Value
    UBS COMMON STOCK 1,474,595 1,884,560

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

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


    156,207
    State & Local Government Securities - End of Year Fair Market Value:


    224,475


    TY 2014 InvestmentsOtherSchedule2
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    UBS MUTUAL FUNDS AT COST 284,181 307,646
    UBS FIXED INCOME MUTUAL FUNDS AT COST 342,937 441,190
    UBS CLOSED END FUNDS & EXCHANGE TRADED PRODUCTS AT COST 0 0

    TY 2014 LegalFeesSchedule
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 660 0 0 660


    TY 2014 OtherAssetsSchedule
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ENCOUNTER SMARTPHONE APP 1 1 1


    TY 2014 OtherExpensesSchedule
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRAINING EXPENSES 1,930 0 566 1,364
    FEES PAID TO THE ADVISORY BOARD 400 0 0 400
    OFFICE EXPENSES 1,512 0 0 1,512
    ROYALTIES 170 0 0 170
    P. O. BOX 128 0 0 128


    TY 2014 OtherIncomeSchedule2
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ENCOUNTER APP 566   566


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT & MANAGEMENT SERVICES 65,507 65,507 0 0


    TY 2014 TaxesSchedule
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 860 0 0 860
    FOREIGN TAXES 3,475 3,475 0 0
    PAYROLL TAX 6,120 612 0 5,202


    TY 2014 TransfersToControlledEntities
    Name:
    CHARLES M & LINDA J CORBALIS FAMILY FOUNDATION
    EIN: 77-0456278
    Name US /
    Foreign Address    		 EIN Description Amount
      19357 ZINFANDEL CT
    SARATOGA,CA95070     		45-2865458 OPERATIONAL FUNDING 0
    Total     0