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
TWIN TREES FOUNDATIONINC
 

Number and street (or P.O. box number if mail is not delivered to street address)5983 SE MOURNING DOVE WAY   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HOBE SOUND, FL33455
A Employer identification number

91-2092293
B Telephone number (see instructions)

(772) 546-3548
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$751,870J 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 2,358 2,358  
4 Dividends and interest from securities...... 30,808 30,808  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,697
b Gross sales price for all assets on line 6a 129,193
7 Capital gain net income (from Part IV, line 2)... 12,697
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 45,863 45,863  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,550     2,550
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 958 112    
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 4,017 3,455   562
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,525 3,567   3,112
25 Contributions, gifts, grants paid........ 37,000 37,000
26 Total expenses and disbursements. Add lines 24 and 25 44,525 3,567   40,112
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,338
b Net investment income (if negative, enter -0-) 42,296
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............... 42,456 13,898 13,898
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 92,546 Click to see attachment93,869 95,509
b Investments—corporate stock (attach schedule)........ 98,379 Click to see attachment107,626 163,132
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 455,678 Click to see attachment475,376 471,206
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment8,497 Click to see attachment8,125 Click to see attachment8,125
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 697,556 698,894 751,870
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
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 697,556 698,894
30 Total net assets or fund balances (see instructions)...... 697,556 698,894
31 Total liabilities and net assets/fund balances (see instructions).. 697,556 698,894
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)............... 1 697,556
2 Enter amount from Part I, line 27a..................... 2 1,338
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 698,894
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 698,894
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 473.037 BLACKROCK EM MKTS LONG/SHORT P 2013-04-18 2014-02-24
b 1 SH APPLE INC P 2014-11-25 2014-12-17
c 2 SH ILLINOIS TOOL WOKS P 2014-02-14 2014-12-17
d 2 SH NORFOLK STHN CORP P 2013-09-12 2014-07-23
e .095 SH VERITIV CORP P 2014-02-04 2014-07-02
13 SH APPLIED MATERIALS INC P 2013-10-15 2014-12-17
1 SH COMCAST INC P 2008-01-23 2014-11-17
1 SH GENL DYNAMICS COP P 2009-04-14 2014-07-23
3 SH HERTZ GLOBAL HLDGS P 2011-02-10 2014-06-18
2 SH HOSPIRA INC P 2013-05-02 2014-07-23
6 SH MICRON TECH P 2012-11-20 2014-02-07
22 SH NII HLDGS P 2012-02-16 2014-08-12
3 SH NXP SEMICONDUCTOR P 2013-04-22 2014-12-17
6 SH TIME WARNER INC P 2010-01-14 2014-03-12
1,000 US TSY NT 4.5% P 2011-02-17 2014-12-31
472.59 BLCKROCK EM MKTS LONG/SHORT P 2013-04-24 2014-02-24
3 SH BEST BUY CO INC P 2014-04-21 2014-10-27
6 SH IMPAX LABORATORIES P 2014-02-20 2014-04-11
1 SH NORFOLK STHN COP P 2014-06-17 2014-07-23
.038 SH VERITIV CORP P 2014-06-17 2014-07-02
1 SH BAXTER INTL INC P 2010-05-06 2014-03-27
25 SH COMCAST INC P 2009-01-12 2014-11-17
1 SH GENL DYNAMICS CORP P 2009-04-15 2014-07-23
7 SH HERTZ GLOBAL HLDGS P 2011-02-15 2014-03-12
3 SH HOSPIRA INC P 2013-05-02 2014-09-03
4 SH MONDELEZ INTL INC P 2011-03-31 2014-06-17
10 SH NII HLDGS P 2012-06-20 2014-08-12
.333 SH PARAGON OFFSHORE PLC P 2009-07-07 2014-12-17
2 SH TIME WARNER INC P 2010-01-14 2014-12-08
1,000 US TSY NT 4.5% P 2011-02-28 2014-12-31
467.29 BLACKROCK EM MKTS LONG/SHORT P 2013-05-13 2014-02-24
7 SH BEST BUY CO INC P 2014-04-21 2014-12-17
5 SH INTL PAPER P 2014-02-04 2014-10-31
7 SH OWENS CORNING P 2014-06-17 2014-08-14
.5 SH WASHINGTON PRIME GROUP P 2014-01-23 2014-05-29
2 SH BAXTER INTL INC P 2010-05-06 2014-09-23
10 SH DANAHER CORP P 2013-07-17 2014-10-31
1 SH GENL DYNAMICS CORP P 2009-04-17 2014-06-17
6 SH HERTZ GLOBAL HLDGS P 2011-02-15 2014-06-18
4 SH ILLINOIS TOOWORKS INC P 2003-02-13 2014-05-16
5 SH MONDELEZ INTL INC P 2011-04-08 2014-06-17
12 SH NII HLDGS P 2012-07-03 2014-08-12
.666 SH PARAGON OFFSHORE PLC P 2009-07-08 2014-12-17
6 SH TIME WARNER INC P 2013-07-25 2014-12-08
.229 SH VERITIV CORP P 2012-04-24 2014-07-02
3.061 BLACKROCK EM MKTS LONG/SHORT P 2013-12-26 2014-02-24
11 SH BROADCOM CORP CL A P 2013-08-01 2014-04-17
2 SH INTL PAPER P 2014-06-17 2014-10-31
1 SH PARKER HANNIFIN COP P 2014-08-13 2014-10-31
2 SH WASHINGTON PRIME GROUP P 2014-01-23 2014-10-21
2 SH BAXTER INTL INC P 2010-05-06 2014-12-17
4 SH DOW CHEMICAL P 2011-08-30 2014-01-06
1 SH GENL DYNAMICS CORP P 2009-04-20 2014-06-17
9 SH GILEAD SCIENCES HLDGS P 2012-12-24 2014-03-12
2 SH ILLINOIS TOOLWORKS INC P 2003-02-13 2014-06-17
5 SH MONDELEZ INTL INC P 2011-04-11 2014-06-17
24 SH NII HLDGS P 2012-07-31 2014-08-12
.3333 PARAGON OFFSHORE PLC P 2009-07-10 2014-12-17
1,000 US TRSY NT 5.375% P 2009-08-31 2014-02-28
.038 SH VERITIV CORP P 2012-07-31 2014-07-02
3.884 BLACKROCK EM MKTS LONG/SHORT P 2013-12-26 2014-02-24
8 SH CARDINAL HEALTH INC P 2013-03-22 2014-02-05
6 SH JABIL CIRCUIT INC P 2013-10-25 2014-02-07
6 SH PG&E CORP P 2013-03-04 2014-01-23
5 SH 3M CO P 2013-07-22 2014-01-06
4 SH BAXTER INTL INC P 2010-05-21 2014-12-17
5 SH DOW CHEMICAL P 2011-10-26 2014-01-06
1 SH GENL DYNAMICSA COP P 2009-04-21 2014-06-17
2 SH HESS CORP P 2008-11-06 2014-04-16
1 SH ILLINOIS TOOLWORKS INC P 2003-02-13 2014-10-31
2 SH MONDELEZ INTL INC P 2011-04-14 2014-06-17
47 SH NII HLDGS P 2012-09-12 2014-08-12
1.666 PARAGON OFFSHORE PLC P 2009-07-13 2014-12-17
2 SH UNITED HEALTH GOUP P 2012-10-26 2014-05-14
.019 SH VERITIV COP P 2012-12-20 2014-07-02
306.185 MAINSTAY MARKETFIEL FD P 2013-04-18 2014-07-28
5 SH CHIMERIX INC P 2014-10-23 2014-12-17
2 SH ELI LILLY & CO P 2013-09-18 2014-02-05
8 SH PG&E CORP P 2013-08-01 2014-01-23
1 SH 3M CO P 2013-08-30 2014-01-06
2 SH BAXTER INTL INC P 2012-08-01 2014-03-27
5 SH DOW CHEMICAL P 2012-12-20 2014-01-06
1 SH GENL DYNAMICS COP P 2009-04-22 2014-02-04
3 SH HESS COP P 2008-11-12 2014-04-16
9 SH ILLINOIS TOOLWORKS INC P 2003-02-13 2014-12-17
12 SH MONDELEZ INTL INC P 2013-03-04 2014-03-12
37 SH NII HLDGS P 2013-02-28 2014-08-12
.333 SH PARAGON OFFSHORE PLC P 2009-07-14 2014-12-17
6,000 US TSY NT .875% P 2012-02-29 2014-02-28
5 SH VIACOM INC P 2012-07-31 2014-05-13
303.582 MAINSTAY MARKETFIELD FD P 2013-04-22 2014-07-28
2 SH COMCAST CORP P 2014-04-28 2014-11-17
2 SH MALLINKRODT PUB LTD P 2013-11-07 2014-05-13
1 SH SALIX PHARMACEUTICAL P 2013-02-28 2014-02-20
4 SH ADOBE SYSTEMS INC P 2010-09-22 2014-12-17
2 SH BATER INTL INC P 2012-09-20 2014-03-27
11 SH EDISON INTL P 2012-07-31 2014-01-24
1 SH GENL DYNAMICS CORP P 2009-04-23 2014-01-21
1 SH HESS COP P 2009-01-09 2014-04-16
2 SH ILLINOIS TOOLWORKS INC P 2013-09-04 2014-10-31
3 SH MONDELEZ INTL INC P 2013-03-04 2014-06-17
35 SH NII HLDGS P 2013-03-04 2014-08-12
3.666 SH PARAGON OFFSHORE PLC P 2010-06-08 2014-12-17
2,000 US TSY NT .875% P 2012-02-29 2014-03-31
3 SH WASTE MGMT INC P 2013-01-18 2014-04-11
450.721 MAINSTAY MARKETFIELD FD P 2013-04-24 2014-07-28
4 SH DOW CHEMICAL P 2013-03-04 2014-01-06
2 SH MALLINKRODT PUB LTD P 2014-11-25 2014-12-17
.75 SH TIME INC P 2013-07-25 2014-06-17
13 SH ADOBE SYSTEMS INC P 2010-10-06 2014-12-17
3 SH BAXTER INTL INC P 2013-02-21 2014-03-27
4 SH EPIZYME INC P 2013-05-31 2014-09-05
1 SH GENL DYNAMICS CORP P 2009-04-23 2014-02-04
3 SH HESS CORP P 2009-01-12 2014-04-16
3 SH INTL PAPER CO P 2012-04-24 2014-07-24
5 SH MORGAN STANLEY P 2010-12-20 2014-10-08
5 SH NORFOLK STHN CORP P 2012-02-28 2014-02-03
1 SH PARAGON OFFSHORE PLC P 2010-12-07 2014-12-17
2,000 US TSY NT 3.625% P 2010-02-26 2014-01-31
6 SH WASTE MGMT INC P 2013-01-18 2014-05-13
428.816 MAINSTAY MARKETFIELD FD P 2013-07-11 2014-07-28
5 SH DOW CHEMICAL P 2013-04-22 2014-01-06
2 SH MARTIN MARIETTA MATERIALS P 2013-12-17 2014-06-18
1 SH TIME WARNER CABLE P 2014-11-17 2014-12-17
1 SH ALEXION PHARM P 2013-08-02 2014-09-11
5 SH BROADCOM CORP P 2012-12-21 2014-02-12
5 SH FREESCALE SEMICONDUCTOR P 2012-07-31 2014-04-17
2 SH GENL DYNAMICS CORP P 2012-07-31 2014-01-21
1 SH HESS CORP P 2009-01-14 2014-04-16
9 SH INTL PAPER CO P 2012-04-24 2014-10-31
5 SH MORGAN STANLEY P 2010-12-22 2014-10-18
2 SH NORFOLK STHN CORP P 2012-02-28 2014-02-14
1 SH PARAGON OFFSHORE PLC P 2012-07-16 2014-12-17
4,000 US TSY NT 3.625% P 2010-02-26 2014-02-28
5 SH WASTE MGMT INC P 2013-01-28 2014-02-05
2 SH AIR PROD & CHEMICAL INC P 2014-01-06 2014-06-20
4 SH ENVISION HEALTHCARE P 2013-08-14 2014-05-13
2 SH MARTIN MARIETTA MATERIALS P 2013-12-17 2014-08-13
3000 US TSY NT .25% P 2013-11-29 2014-07-31
3 SH ALEXION PHARM P 2013-08-02 2014-09-17
11 SH BROADCOM CORP P 2012-12-21 2014-04-17
7 SH FREESCALE SEMICONDUCTO P 2012-07-31 2014-12-17
2 SH GILEAD SCIENCES INC P 2011-11-21 2014-02-04
1 SH HESS COP P 2011-05-11 2014-04-16
2 SH INTL PAPER CO P 2012-07-31 2014-07-24
4 SH MORGAN STANLEY P 2010-12-29 2014-10-08
2 SH NORFOLK STHN CORP P 2012-10-11 2014-07-23
49 SH J C PENNEY P 2013-07-25 2014-12-08
1,000 US TSY NT 3.625% P 2010-03-31 2014-02-28
2 SH WASTE MGMT INC P 2013-01-28 2014-04-11
6 SH AIR PROD & CHEMICAL INC P 2014-01-06 2014-08-13
7 SH FORD MOTOR CORP P 2014-02-03 2014-08-13
2 SH MARTIN MARIETTA MATERIALS P 2013-12-20 2014-01-30
1000 US TSY NT .25% P 2013-11-29 2014-10-31
1 SH ALLERGAN INC P 2012-07-31 2014-05-14
4 SH BROADCOM INC P 2013-02-07 2014-04-17
5 SH FREESCALE SEMICONDUCTO P 2013-12-04 2014-12-05
4 SH GILEAD SCIENCES INC P 2011-11-21 2014-10-23
5 SH HESS CORP P 2011-08-09 2014-04-16
1 SH INTL PAPER CO P 2012-12-20 2014-07-24
7 SH MORGAN STANLEY P 2011-08-08 2014-10-08
4 SH NORFOLK STHN CORP P 2013-02-01 2014-02-14
13 SH PG&E CORP P 2012-07-31 2014-01-23
5,000 US TSY NT 4.125% P 2010-12-31 2014-02-28
6 SH WELLS FARGO & CO P 2003-02-13 2014-10-17
1 SH AIR POD & CHEMICAL INC P 2014-02-14 2014-06-20
50 SH FORD MOTOR CO P 2014-02-03 2014-11-14
5 SH MELLANOX TECH LTD P 2013-11-15 2014-07-28
5000 US TSY .25% P 2013-11-29 2014-11-28
3 SH ALLERGAN INC P 2012-07-31 2014-11-25
8 SH BROADCOM INC P 2013-08-01 2014-12-17
2 SH FREESCALE SEMICONDUCTOR P 2013-12-04 2014-12-17
1 SH GILEAD SCIENCES INC P 2011-11-21 2014-10-24
1 SH HESS CORP P 2011-08-10 2014-04-16
6 SH JABIL CIRCUIT INC P 2013-10-25 2014-12-17
5 SH MORGAN STANLEY P 2011-08-09 2014-10-08
5 SH NORFOLK STHN CORP P 2013-02-01 2014-07-23
7 SH SALIX PHARMACEUTICALS P 2013-01-30 2014-02-20
2,000 US TSY NT 4.125% P 2011-02-17 2014-02-28
1 SH ALEXION PHARM P 2013-08-02 2014-06-12
6 SH FORD MOTOR CORP P 2014-06-17 2014-08-13
1 SH MONSANTO CO P 2013-11-14 2014-10-23
1000 US TSY NT 1.25% P 2013-10-31 2014-10-31
1 SH APPLE INC P 2012-11-20 2014-07-28
8 SH COACH INC P 2011-11-04 2014-05-14
1 SH GENL DYNAMICS CORP P 2009-04-08 2014-07-23
2 SH GILEAD SCIENCES INC P 2011-11-21 2014-10-31
3 SH HOSPIRA INC P 2013-02-22 2014-12-17
7 SH MALLINKRODT PUB LTD P 2013-11-07 2014-12-17
4 SH NETAP INC P 2012-02-13 2014-12-17
6 SH NXP SEMICONDUCTOR NV P 2012-10-31 2014-07-07
.625 SH TIME INC P 2009-10-16 2014-06-09
1,000 US TSY NT 4.5% P 2009-06-01 2014-11-28
1 SH AMAZON COM IN P 2014-04-17 2014-12-17
8 SH GENERAL MOTORS P 2013-10-07 2014-02-03
1 SH MONSANTO CO P 2014-01-21 2014-10-23
4000 US TSY NT1.5% P 2014-02-28 1991-08-28
1 SH APPLE INC P 2012-11-20 2014-10-27
2 SH COACH INC P 2012-07-31 2014-05-14
1 SH GENL DYNAMICS CORP P 2009-04-09 2014-07-23
3 SH GILEAD SCIENCES INC P 2011-11-21 2014-12-17
5 SH HOSPIRA INC P 2013-05-01 2014-06-12
4 SH MELLANOX TECH P 2013-11-15 2014-12-17
3 AH NETAPP INC P 2013-12-04 2014-12-17
2 SH NXP SEMICONDUCTOR P 2012-10-31 2014-04-17
.25 SH TIME INC P 2010-01-14 2014-06-17
2,000 US TSY NT 4.5% P 2009-06-01 2014-12-31
1 SH APPLE INC P 2014-08-29 2014-10-17
5 SH GENERAL MOTORS P 2013-11-13 2014-02-03
1 SH MONSANTO CO P 2014-06-17 2014-10-23
3000 US TSY NT 1.5% P 2014-02-28 2014-09-30
3 SH APPLE INC P 2012-11-20 2014-12-17
2 SH COMCAST INC P 2008-01-23 2014-02-07
1 SH GENL DYNAMICS CORP P 2009-04-13 2014-07-23
3 SH GILEAD SCIENCES INC P 2013-05-08 2014-10-23
2 SH HOSPIRA INC P 2013-05-01 2014-07-23
8 SH MICRON TECH P 2012-10-24 2014-12-17
5 SH NII HLDGS P 2012-02-14 2014-08-12
1 SH NXP SEMICONDUCTOR P 2012-10-31 2014-12-17
5 SH TIME WARNER INC P 2009-10-16 2014-12-08
1,000 US TSY NT 4.5% P 2009-09-30 2014-12-31
(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 4,834   5,005 -171
b 108   118 -10
c 185   156 29
d 214   151 63
e 3   3  
313   233 80
54   17 37
120   44 76
85   48 37
101   64 37
146   33 113
4   519 -515
222   76 146
403   173 230
1,046   1,106 -60
4,830   5,005 -175
99   73 26
148   149 -1
107   102 5
1   1  
73   46 27
1,352   390 962
120   44 76
183   113 70
161   96 65
149   82 67
2   110 -108
1   3 -2
167   55 112
1,046   1,114 -68
4,776   5,005 -229
258   171 87
253   225 28
243   287 -44
10   9 1
143   92 51
804   684 120
119   46 73
169   97 72
342   113 229
186   103 83
2   127 -125
2   7 -5
501   360 141
8   6 2
31   32 -1
332   301 31
101   96 5
127   113 14
34   37 -3
144   92 52
174   112 62
119   45 74
235   148 87
176   57 119
186   104 82
4   163 -159
1   4 -3
1,278   1,169 109
1   1  
40   41 -1
523   336 187
108   134 -26
248   258 -10
691   581 110
288   163 125
218   133 85
119   46 73
173   113 60
91   28 63
74   43 31
8   309 -301
5   18 -13
155   112 43
1   1  
5,425   5,005 420
182   157 25
106   107 -1
330   372 -42
138   113 25
147   118 29
218   161 57
100   48 52
259   158 101
834   255 579
418   337 81
7   183 -176
1   4 -3
6,027   5,999 28
419   234 185
5,378   5,005 373
108   102 6
146   89 57
104   49 55
295   106 189
147   122 25
523   509 14
96   49 47
86   56 30
182   146 36
112   84 28
6   176 -170
12   36 -24
2,000   1,999 1
124   106 18
7,985   7,505 480
174   127 47
183   181 2
17   15 2
960   335 625
220   200 20
114   87 27
100   49 51
259   156 103
151   97 54
170   131 39
449   349 100
3   13 -10
2,206   2,004 202
264   211 53
7,597   7,505 92
218   155 63
268   190 78
144   141 3
167   117 50
155   152 3
122   53 69
191   127 64
86   51 35
455   291 164
170   136 34
185   140 45
3   13 -10
4,408   4,009 399
207   182 25
261   223 38
135   101 34
253   190 63
3,001   2,998 3
484   351 133
332   356 -24
168   75 93
163   36 127
86   79 7
101   65 36
136   109 27
214   133 81
309   785 -476
1,102   983 119
82   73 9
795   669 126
121   102 19
215   192 23
1,001   999 2
160   82 78
121   127 -6
124   74 50
430   72 358
432   275 157
50   39 11
238   129 109
371   278 93
536   601 -65
5,238   5,799 -561
292   135 157
130   117 13
759   725 34
215   199 16
5,005   4,997 8
638   246 392
335   219 116
48   29 19
111   18 93
86   55 31
119   134 -15
170   87 83
535   347 188
728   330 398
2,095   2,182 -87
166   117 49
104   101 3
113   110 3
995   997 -2
98   80 18
333   517 -184
120   44 76
227   36 191
181   89 92
640   313 327
163   157 6
298   144 154
14   6 8
1,052   1,084 -32
297   327 -30
281   283 -2
113   114 -1
3,995   3,995  
105   80 25
83   99 -16
120   45 75
305   54 251
255   162 93
171   159 12
122   122  
117   48 69
6   2 4
2,092   2,168 -76
98   103 -5
176   190 -14
113   120 -7
2,979   2,996 -17
324   240 84
109   33 76
120   44 76
323   158 165
101   65 36
266   42 224
1   116 -115
74   24 50
418   136 282
1,046   1,103 -57
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       -171
b       -10
c       29
d       63
e        
      80
      37
      76
      37
      37
      113
      -515
      146
      230
      -60
      -175
      26
      -1
      5
       
      27
      962
      76
      70
      65
      67
      -108
      -2
      112
      -68
      -229
      87
      28
      -44
      1
      51
      120
      73
      72
      229
      83
      -125
      -5
      141
      2
      -1
      31
      5
      14
      -3
      52
      62
      74
      87
      119
      82
      -159
      -3
      109
       
      -1
      187
      -26
      -10
      110
      125
      85
      73
      60
      63
      31
      -301
      -13
      43
       
      420
      25
      -1
      -42
      25
      29
      57
      52
      101
      579
      81
      -176
      -3
      28
      185
      373
      6
      57
      55
      189
      25
      14
      47
      30
      36
      28
      -170
      -24
      1
      18
      480
      47
      2
      2
      625
      20
      27
      51
      103
      54
      39
      100
      -10
      202
      53
      92
      63
      78
      3
      50
      3
      69
      64
      35
      164
      34
      45
      -10
      399
      25
      38
      34
      63
      3
      133
      -24
      93
      127
      7
      36
      27
      81
      -476
      119
      9
      126
      19
      23
      2
      78
      -6
      50
      358
      157
      11
      109
      93
      -65
      -561
      157
      13
      34
      16
      8
      392
      116
      19
      93
      31
      -15
      83
      188
      398
      -87
      49
      3
      3
      -2
      18
      -184
      76
      191
      92
      327
      6
      154
      8
      -32
      -30
      -2
      -1
       
      25
      -16
      75
      251
      93
      12
       
      69
      4
      -76
      -5
      -14
      -7
      -17
      84
      76
      76
      165
      36
      224
      -115
      50
      282
      -57
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 12,697
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 3 591
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 38,028 747,359 0.050883
2012 63,411 676,566 0.093725
2011 33,865 661,990 0.051156
2010 31,358 627,193 0.049997
2009 39,156 666,363 0.058761
2 Total of line 1, column (d) ...................... 2 0.304522
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 0.060904
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 755,937
5 Multiply line 4 by line 3....................... 5 46,040
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 423
7 Add lines 5 and 6......................... 7 46,463
8 Enter qualifying distributions from Part XII, line 4.............. 8 40,112
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 1 846
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  
3 Add lines 1 and 2........................... 3 846
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 846
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,985
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,985
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 1,139
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,139 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletDE, FL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJ BRADFORD SCHWALM Telephone no.bullet (772) 546-3548
    Located atbullet5983 SE MOURNING DOVE WAY5983 SE MOURNING DOVE WAYHOBE SOUNDFL ZIP+4bullet33455
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
     
    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
    JOANN F SCHWALM PRESIDENT/DI
    1.00     		0 0 0
    5983 SE MOURNING DOVE WAY
    HOBE SOUND,FL33455
    J BRADFORD SCHWALM TREAS/DIRECT
    1.00     		0 0 0
    141 MARVELLE ROAD
    FAYETTEVILLE,NY13066
    MATSON F SCHWALM DIRECTOR
    0.50     		0 0 0
    2620 N WAYNE AVE
    CHICAGO,IL60614
    DUGAN H SCHWALM DIRECTOR
    0.50     		0 0 0
    225 N COLUMBUS DRIVE
    APT 3809
    CHICAGO,IL60601
    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  
    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.............bullet  
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    729,349
    b
    Average of monthly cash balances.......................
    1b
    30,224
    c
    Fair market value of all other assets (see instructions)................
    1c
    7,876
    d
    Total (add lines 1a, b, and c).........................
    1d
    767,449
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    767,449
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    11,512
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    755,937
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    37,797
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    37,797
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    846
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    846
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    36,951
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    36,951
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    36,951
    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
    40,112
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    40,112
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    40,112
    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 36,951
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 6,226
    b From 2010....... 526
    c From 2011....... 1,430
    d From 2012....... 33,741
    e From 2013....... 1,236
    fTotal of lines 3a through e......... 43,159
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 40,112
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 36,951
    e Remaining amount distributed out of corpus 3,161
    5 Excess distributions carryover applied to 2014.    
    (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 46,320
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		6,226
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		40,094
    10 Analysis of line 9:
    a Excess from 2010.... 526
    b Excess from 2011.... 1,430
    c Excess from 2012.... 33,741
    d Excess from 2013.... 1,236
    e Excess from 2014.... 3,161
    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 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
    A BETTER CHICAGO
    600 WEST VAN BUREN
    SUITE 510
    CHICAGO,IL60607     		NONE PUBLIC GENERAL SUPPORT 500
    AI DUPONT INSTITUTE
    1600 ROCKLAND ROAD
    WILMINGTON,DE19803     		N/A PUBLIC GENERAL SUPPORT 500
    ANTIQUE BOAT MUSEUM
    750 MARY STREET
    CLAYTON,NY13624     		N/A PC GENERAL SUPPORT 7,500
    ANTIQUE BOAT MUSEUM
    750 MARY STREET
    CLAYTON,NY13624     		NONE PC GENERAL SUPPORT 500
    BOYS & GIRLS CLUB
    OF MARTIN COUNTY
    11500 SE LARES AVE
    HOBE SOUND,FL33455     		NONE 501(C)(3) GENERAL SUPPORT 250
    BRUNSWICK SCHOOL
    100 MAHER AVENUE
    GREENWICH,CT06830     		N/A 501C3 GENERAL SUPPORT 750
    CAMBRIDGE CONCENTUS
    21A BENNETT STREET
    BRIGHTON,MA02135     		NONE 501(C)(3) GENERAL SUPPORT 150
    CAMP MANITO-WISH
    PO BOX 246
    BOULDER JUNCTION,WI54512     		NONE 501(C)(3) GENERAL SUPPORT 100
    CHICAGO BOTANIC GARDEN
    1000 LAKE COOK RD
    GLENCOE,IL60022     		NONE PUBLIC GENERAL SUPPORT 1,500
    CHICAGO CHILDREN'S CHARITIES
    1235A N CLYBOURN AVE 163
    CHICAGO,IL60610     		N/A PUBLIC GENERAL SUPPORT 500
    CHRIST MEMORIAL CHAPEL
    52 SOUTH BEACH ROAD
    HOBE SOUND,FL33455     		NONE 501(C)(3) GENERAL SUPPORT 500
    DANIEL MURPHY SCHOLARSHIP FUND
    308 W WASHINGTON
    SUITE 1250
    CHICAGO,IL60606     		NONE 501(C)(3) GENERAL SUPPORT 500
    DENSMORE CHURCH
    PO BOX 571
    WELLESLEY ISLAND,NY13640     		N/A PUBLIC GENERAL SUPPORT 250
    EVERGLADES FOUNDATION
    1800 OLD CUTLER ROAD
    SUITE 625
    PALMETTO BAY,FL33157     		NONE 501(C)(3) GENERAL SUPPORT 250
    GLEN VIEW CLUB SCHOLARSHIP FUND
    100 GOLF ROAD
    GOLF,IL600290309     		N/A PUBLIC GENERAL SUPPORT 500
    GUARDIANS OF MARTIN COUNTY
    PO BOX 1489
    HOBE SOUND,FL33475     		NONE 501(C)(3) GENERAL SUPPORT 500
    HAMILTON COLLEGE
    198 COLLEGE HILL ROAD
    CLINTON,NY13323     		N/A PUBLIC GENERAL SUPPORT 1,000
    HELPING PEOPLE SUCCEED
    1100 SE FEDERAL HIGHWAY
    STUART,FL34994     		NONE PUBLIC GENERAL SUPPORT 100
    HOBE SOUND COMMUNITY CHEST
    PO BOX 511
    HOBE SOUND,FL334750511     		NONE PUBLIC GENERAL SUPPORT 500
    HOBE SOUND NATURE CENTER
    13640 SE FEDERAL HIGHWAY
    HOBE SOUND,FL33455     		NONE PUBLIC GENERAL SUPPORT 200
    LINCOLN PARK ZOO
    PO BOX 14903
    CHICAGO,IL60614     		N/A 501(C)(3) GENERAL SUPPORT 1,500
    LURIE CHILDREN'S HOSPITAL
    OF CHICAGO
    225 E CHICAGO AVENUE
    CHICAGO,IL60611     		NONE 501(C)(3) GENERAL SUPPORT 1,000
    MARTIN MEMORIAL HOSPITAL
    2100 SE SALERNO ROAD
    STUART,FL34997     		NONE 501(C)(3) GENERAL SUPPORT 500
    MEMORIAL SLOAN KETTERING
    FOUNDATION
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE 501(C)(3) GENERAL SUPPORT 250
    REHAB INSTITUTE OF CHICAGO
    345 E SUPERIOR ST
    CHICAGO,IL60611     		NONE 501(C)(3) GENERAL SUPPORT 750
    RIVER HOSPITAL FOUNDATION
    PO BOX 567
    ALEXANDRIA BAY,NY13607     		N/A PUBLIC GENERAL SUPPORT 500
    RUSH UNIVERSITY MEDICAL CENTER
    WOMEN'S BOARD
    1725 WEST HARRISON STREET
    SUITE 545
    CHICAGO,IL606123824     		NONE PUBLIC GENERAL SUPPORT 1,500
    SACRED HEART SCHOOLS
    6250 N SHERIDAN ROAD
    CHICAGO,IL60660     		NONE 501(C)(3) GENERAL SUPPORT 2,000
    SAVE THE RIVER
    409 RIVERSIDE DRIVE
    CLAYTON,NY13624     		N/A PUBLIC GENERAL SUPPORT 250
    SHEDD AQUARIUM
    1200 S LAKESHORE DRIVE
    CHICAGO,IL60605     		N/A PUBLIC GENERAL SUPPORT 250
    SNOW CITY ARTS
    630 S HERMITAGE AVENUE
    103K
    CHICAGO,IL60612     		NONE 501(C)(3) GENERAL SUPPORT 250
    ST CHRYSOSTOM'S DAY SCHOOL
    1424 NORTH DEARBORN PKWY
    CHICAGO,IL60610     		NONE PUBLIC GENERAL SUPPORT 200
    ST CHRYSOSTOM'S DAY SCHOOL
    1424 NORTH DEARBORN PKWY
    CHICAGO,IL60610     		NONE 501(C)(3) GENERAL SUPPORT 1,000
    ST CHRYSOSTOM'S CHURCH
    1424 NORTH DEARBORN PKWY
    CHICAGO,IL60610     		NONE PUBLIC GENERAL SUPPORT 1,000
    THOUSAND ISLANDS ARTS CENTER
    314 JOHN STREET
    CLAYTON,NY13624     		NONE 501(C)(3) GENERAL SUPPORT 250
    UNITED WAY OF MARTIN COUNTY
    10 SE CENTRAL PKWY 10
    STUART,FL34994     		NONE PC GENERAL SUPPORT 500
    UNIVERSITY OF CHICAGO
    BOOTH SCHOOL
    1427 EAST 60TH STREET
    SUITE 120
    CHICAGO,IL60637     		N/A PUBLIC GENERAL SUPPORT 2,000
    UNIVERSITY OF WISCONSIN
    PO BOX 8860
    MADISON,WI53708     		NONE PUBLIC GENERAL SUPPORT 250
    VANDERBILT UNIVERSITY
    2301 VANDERBILT PLACE
    NASHVILLE,TN372357727     		N/A PUBLIC GENERAL SUPPORT 2,500
    WATERSIDE SCHOOL
    53 FAIRFIELD AVENUE
    STAMFORD,CT06902     		NONE PUBLIC GENERAL SUPPORT 500
    WELLESLEY ISLAND FIRE DEPT
    POBOX 589
    THOUSAND ISLAND PARK,NY13692     		N/A PUBLIC GENERAL SUPPORT 1,500
    WOMEN'S BOARD OF
    NORTHWESTERN MEMORIAL HOSPITAL
    541 NORTH FAIRBANKS COURT
    SUITE 800
    CHICAGO,IL60611     		NONE PUBLIC GENERAL SUPPORT 2,000
    Total .................................bullet 3a 37,000
    bApproved for future payment
    SAVE THE RIVER
    409 RIVERSIDE DRIVE
    CLAYTON,NY13624     		NONE PUBLIC GENERAL SUPPORT 250
    Total .................................bullet 3b 250
    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 2,358  
    4 Dividends and interest from securities....     14 30,808  
    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 .............     		    14 12,697  
    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)..   45,863  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1345,863
    (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:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 2,550     2,550

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Name of Stock End of Year Book Value End of Year Fair Market Value
    8 SH ACE LTD CHF 753 919
    29 SH ACORDA THERAPEUTICS INC 813 1,185
    3 SH ACTAVIS PLC 778 772
    14 SH ALNYLAM PHARMACEUTICALS INC 633 1,358
    21 SH ALTERA CORP 780 776
    3 SH AMAZON INC 2,023 2,172
    12 SH AMERICAN EXPRESS 1,033 1,116
    6 SH RALPH LAUREN CORP CL A    
    6 SH NEXTERA ENERGY INC    
    5 SH EOG RESOURCES INC    
    4 SH EPIZYME INC    
    4 SH ALLERGAN INC    
    45 SH CITIGRPOUP INC 1,901 2,435
    17 SH COLFAX CORP 921 877
    17 SH DANAHER CORP 1,185 1,457
    26 SH DIGITAL REALTY TRUST INC REIT 1,407 1,724
    20 SH ENVISION HEAALTHCARE HLDGS 556 694
    15 SGH EOG RESOURCES 1,000 1,381
    7 SH EXXON MOBIL 688 647
    29 SH FREESTYLE SEMICONDUCTOR LTD 530 732
    52 SH GENERAL MOTORS CO 1,763 1,815
    73 SH GENERAL ELECTRIC CO 1,895 1,845
    6 SH AMAZON INC    
    10 SH AON PLC 784 948
    38 SH HALLIBURTON CO 1,174 1,495
    61 SH HERTZ GLOBAL 1,030 1,521
    80 SH HERTZ GLOBAL HOLDINGS    
    26 SH HOSPIRA INC    
    21 SH HOSPIRA INC 757 1,286
    18 SH ILLINOIS TOOLWORKS INC    
    21 SH IMPAX LABORATORIES INC    
    27 SH IMPAX LABORATORIES 521 855
    28 SH COMCAST CORP    
    23 SH DANAHER CORP    
    17 SH ADOBE SYSTEMS INC    
    5 SH ALEXION PHARMEUTICALS INC    
    3 SH BIO RAD LABORATORIES INC    
    3 SH BLUEBIRD BIO INC 77 275
    22 SH INVESCO LTD 534 869
    27 SH NOBLE CORP    
    13 SH GENERAL DYNAMICS CORP    
    25 SH DOW CHEMICAL    
    23 SH DOW CHEMICAL    
    30 SH BAKER HUGHES 1,525 1,682
    17 SH ACORDA THERAPEUTICS INC    
    37 SH APPLE INC 941 4,084
    6 SH APPLE INC    
    36 SH APPLIED MATERIALS INC 630 897
    49 SH APPLIED MATERIALS    
    21 SH BEST BUY CO INC 512 819
    6 SH BIO RAD LABORATORIES INC 670 723
    19 SH PHILIP MORRIS INTL INC    
    19 SH MERCK & CO INC    
    19 SH MACYS INC    
    9 SH MALLINCKRODT PUB LTD CO    
    5 SH MARTIN MARIETTA MATERIALS 475 552
    11 SH MARTIN MARIETTA MATERIALS INC    
    105 SH MCDERMOTT INTL INC    
    200 SH MCDERMOTT INTL INC 1,252 582
    17 SH MELLANOX TECHNOLOGIES LTD    
    16 SH MELLANOX TECHNOLOGIES LTD 585 684
    23 SH METLIFE INC 960 1,244
    41 SH MICRON TECHNOLOGY INC    
    27 SH MICRON TECHNOLOGY 141 945
    83 SH MONDELEZ INTL INC    
    52 SH MONDELEZ INTL INC 1,497 1,889
    10 SH MONSATO CO    
    9 SH MONSATO CO 994 1,075
    40 SH MORGAN STANLEY 583 1,552
    66 SH MORGAN STANLEY    
    19 SH NETAPP INC 673 788
    20 SH NETAPP INC    
    15SH NEXTERA ENERGY INC 1,293 1,594
    192 SH NII HOLDINGS INC    
    39 SH NOBLE CORP PLC 885 646
    20 SH NORFOLK STHN CO    
    9 SH NXP SEMICONDUCTORS NV 210 688
    21 SH NXP SEMICONDUCTORS    
    12 SH PARKER HANNAFIN CORP 1,358 1,547
    19 SH OWENS CORNING 735 680
    13 SH OWENS CORNING NEW    
    28 SH PDC ENERGY INC 1,494 1,156
    49 SH J C PENNEY CO    
    19 SH PEPSICO INC 1,576 1,797
    27 SH PG&E CORP    
    23 SH PHILIP MORRIS INTL INC 2,096 1,873
    14 SH PRAXAIR INC 1,819 1,814
    10 SH RALPH LAUREN CORP 1,566 1,852
    101 SH RITE AID CORP 581 760
    4 SH SALIX PHARMACEUTICAL 441 460
    8 SH SALIX PHARMACEUTICALS    
    102 SH SERVICE SOURCE INTL 845 477
    16 SH SILICON LABORATORIES 763 762
    7 SH SIMON PPTY GROUP INC 1,088 1,275
    67 SH SYMANTEC CORP 1,069 1,719
    48 SH SYMANTEC CORP    
    11 SH TEVA PHARMACEUTICALS 444 633
    12 SH TIME WARNER CABLE INC 1,690 1,825
    19 SH TIME WARNER INC    
    9 SH UNITED HEALTH GROUP 295 910
    11 SH UNITED HEALTHGROUP    
    31 SH US BANCORP DEL 923 1,393
    15 SH VIACOM INC 919 1,129
    12 SH VIACOM    
    8 SH WALGREENS BOOTS ALLIANCE INC 460 610
    17 SH WALT DISNEY CO 1,213 1,601
    7 SH WASTE MANAGEMENT INC 287 359
    20 SH WASTE MANAGEMENT    
    8 SH WELLS FARGO 180 439
    14 SH WELLS FARGO    
    25 SH YUM BRANDS INC 1,854 1,821
    16 SH YUM BRANDS INC    
    6 SH 3M CO    
    19 SH FREESCALE SEMICONDUCTOR    
    26 SH FREESCALE SEMICONFUCTOR    
    38 SH GENERAL MOTORS    
    15 SH GILEAD SCIENCES INC    
    18 SH BOEING COMPANY 1,383 1,430
    15 SH INTL PAPER CO    
    22 SH INVESCO LTD    
    49 SH JABIL CIRCUIT INC    
    37 SH JABIL CIRCUIT INC 752 808
    19 SH JOY GLOBAL INC 857 884
    38 SH JP MORGAN CHASE 1,437 2,378
    6 SH LABORATORY CORP 603 647
    174 SH LEXICON PHARMEUTICALS    
    501 SH LEXICON PHARMACEUTICALS INC 820 455
    16 SH ELI LILLY & CO 801 1,104
    18 SH ELI LILY & CO    
    28 SH LINCOLN NATL CORP 768 1,615
    26 SH MACYS INC 1,116 1,710
    17 SH HESS CORP    
    10 SH COACH INC    
    19 SH BROADCOM CORP CL A 518 823
    58 SH BROADCOM CORP    
    11 SH CAPITAL ONE FINANCIAL    
    8 SH CAPITAL ONE FINANCIAL CORP 721 908
    8 SH CARDINAL HEALTH    
    20 SH CHECK POINT SOFTWARE TECH    
    23 SH CHECK POINT SOFTWARE 1,096 1,807
    49 SH CHIMERIX INC 1,331 1,973
    7 SH ALNYLAM PHARMACEUTICALS    
    16 SH BAXTER INTL    
    11 SH EDISON INTL    
    19 SH ENVISION HEALTHCARE HLDGS    
    1000 SH WP CAREY REIT 34,365 70,100

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    US Government Securities - End of Year Book Value:

    93,869
    US Government Securities - End of Year Fair Market Value:

    95,509
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    750 SH CALAMOS CONV OP FD AT COST 11,594 9,630
    496.559 FIRST EAGLE OVERSEAS FUND CL AT COST    
    522.037 FIRST EAGLE GLOBAL FUND CL A AT COST 11,528 11,365
    399.099 FIRST EAGLE GLOBAL AT COST    
    419.979 FIRST EAGLE GLOBAL FUND AT COST 20,226 22,024
    270.898 FRANKLIN TEMPLETON GLOBL A AT COST    
    743.625 FRANKLIN TEMPLETON GLOBAL AT COST 10,011 9,266
    770.548 INVESCO BALANCED RISK AT COST    
    1949.98 INVESCO BALANCED RISK AT COST 24,016 22,464
    351.651 LORD ABBETT FUNDAMENTAL EQ C AT COST    
    906.142 LORD ABBETT FUNBDAMENTAL AT COST 12,992 12,206
    745.588 LORD ABBETT FUNDAMENTAL EQ C AT COST    
    233.381 LORD ABBETT ALPHA STRATEGY F AT COST    
    260.264 LORD ABBETT ALPHA AT COST 6,062 7,706
    412.534 NUVEEN NWQ MULTI-CAP VALUE F AT COST    
    480.175 LORD ABBETT FLOATING RATE FD AT COST    
    866.362 LORD ABBETT BOND DEB FD CL A AT COST 6,279 6,870
    3238.617 LORD ABBETT SHORT DURATION AT COST    
    3360.163 LORD ABBETT SHORT DURATION AT COST 15,540 14,986
    500 BROOKFIELD GLOBAL LISTED AT COST 11,310 10,445
    1290 CBRE CLARION GLOBAL REAL EST AT COST    
    1365 CBRE CLARION GLOBAL REAL ESTATE AT COST 11,544 12,271
    1249.9 FMI LARGE CAP FUND AT COST 25,000 26,523
    2357.142 PIMCO REAL ESTATE REAL RETU AT COST 11,373 8,486
    1224.163 THOMAS WHITE EMERGING MARKE AT COST 15,000 12,964
    1042 JOHN HANCOCK PREFERRED INCOME F AT COST    
    1126 JOHN HANCOCK PRFD IINC FD I AT COST 19,724 20,122
    2249.498 JHANCOCK2 GLOBAL ABS AT COST 25,011 24,565
    2458.21 BLACKROCK STRATEGIC INCOME A AT COST    
    2505.998 STRATEGIC INCOME FUND AT COST 25,490 25,336
    1419.862 BLACKROCK EMRG MKTS19.862 AT COST    
    2351.834 BLACKROCK GLOBAL LONG/SHORT AT COST    
    2450.329 BLACKROCK GLOBL LONG/SHORT AT COST 26,016 25,385
    2109.534 BLACKROCK GLOBAL LONG/SHORT AT COST 24,544 24,893
    4500.487 BLACKROCK MULTI-ASSET AT COST    
    4517.841 BLACKROCK MULTI-ASSETINC PO AT COST 50,300 50,735
    2520.161 VIRTUS SENIOR FLOATING RATE AT COST 25,011 24,042
    1489.304 MAINSTAY MARKETFIELD FD AT COST    
    2979.852 NEUBERGER BERMAN LONG SHORT AT COST    
    5061.952 NEUBERGER BERMAN LONG SHORT AT COST 61,898 65,198
    2319.068 SANDALWOOD OPPORTUNITY AT COST 24,907 23,724

    TY 2014 OtherAssetsSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE- WP CAREY 870    
    DIVIDENDS RECEIVABLE- MUTUAL FUNDS 403 1,696 1,696
    PREPAID EXCISE TAX 1,958 1,112 1,112
    DEPOSIT IN TRANSIT-SALES PROCEEDS 5,266 5,317 5,317


    TY 2014 OtherExpensesSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT EXPENSES 3,455 3,455    
    ANNUAL DELAWARE CORPORATION F 197     197
    REGISTERED AGENT FEE 365     365


    TY 2014 OtherLiabilitiesSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE    


    TY 2014 TaxesSchedule
    Name:
    TWIN TREES FOUNDATIONINC
    EIN: 91-2092293
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 846      
    FOREIGN TAXES PAID 112 112