Form990-PF

Department of the Treasury
Internal Revenue Service

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

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 323   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OKOBOJI, IA51355
A Employer identification number

42-6100764
B Telephone number (see instructions)

(617) 734-0446
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$4,032,609J 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 30,879 30,879  
4 Dividends and interest from securities...... 117,097 117,097  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -73,922
b Gross sales price for all assets on line 6a 300,513
7 Capital gain net income (from Part IV, line 2)... 0
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........ 74,054 147,976  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,000 6,000   6,000
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 4,275 2,137   2,138
c Other professional fees (attach schedule).... Click to see attachment 41,613 41,613   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,916 3,192   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 183 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 9,082 0   9,082
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 345 194   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 93,414 53,136   17,220
25 Contributions, gifts, grants paid........ 165,000 165,000
26 Total expenses and disbursements. Add lines 24 and 25 258,414 53,136   182,220
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -184,360
b Net investment income (if negative, enter -0-) 94,840
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............... 82,185 67,680 67,680
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)      
b Investments—corporate stock (attach schedule)........ 2,658,784 Click to see attachment2,533,079 2,961,008
c Investments—corporate bonds (attach schedule)........ 562,233 Click to see attachment560,359 565,758
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 433,025 Click to see attachment373,182 438,071
14 Land, buildings, and equipment: basis bullet1,592
Less: accumulated depreciation (attach schedule) bullet1,500 275 Click to see attachment92 92
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,736,502 3,534,392 4,032,609
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 3,736,502 3,534,392
30 Total net assets or fund balances (see instructions)...... 3,736,502 3,534,392
31 Total liabilities and net assets/fund balances (see instructions).. 3,736,502 3,534,392
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 3,736,502
2 Enter amount from Part I, line 27a..................... 2 -184,360
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 3,552,142
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 17,750
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,534,392
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 PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 300,513   374,435 -73,922
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -73,922
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -73,922
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 185,048 3,958,621 0.046746
2012 158,155 3,942,427 0.040116
2011 246,211 4,142,675 0.059433
2010 199,264 3,828,893 0.052042
2009 191,925 3,309,343 0.057995
2 Total of line 1, column (d) ...................... 2 0.256332
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 0.051266
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 4,067,326
5 Multiply line 4 by line 3....................... 5 208,516
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 948
7 Add lines 5 and 6......................... 7 209,464
8 Enter qualifying distributions from Part XII, line 4.............. 8 182,220
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 1,897
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 1,897
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 1,897
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 5,070
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 5,070
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 3,173
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,173 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)
    bulletIA
    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 ofbulletROBERT DOWNER Telephone no.bullet (319) 338-9222
    Located atbullet122 S LINN STIOWA CITYIA ZIP+4bullet52240
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    CLARKE W SCANLON PRESIDENT
    1.00     		0 0 0
    PO BOX 323
    OKOBOJI,IA51355
    JAMES P SCANLON JR TREASURER
    15.00     		12,000 0 0
    PO BOX 323
    OKOBOJI,IA51355
    JANE A SCANLON SECRETARY
    1.00     		0 0 0
    PO BOX 323
    OKOBOJI,IA51355
    MARCIA E SCANLON VICE PRESIDENT
    1.00     		0 0 0
    PO BOX 323
    OKOBOJI,IA51355
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,997,518
    b
    Average of monthly cash balances.......................
    1b
    98,747
    c
    Fair market value of all other assets (see instructions)................
    1c
    33,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,129,265
    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
    4,129,265
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    61,939
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,067,326
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    203,366
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    203,366
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,897
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,897
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    201,469
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    201,469
    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
    201,469
    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
    182,220
    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
    182,220
    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
    182,220
    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 7 201,469
    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....... 28,348
    b From 2010....... 11,793
    c From 2011....... 42,871
    d From 2012.......  
    e From 2013....... 7,361
    fTotal of lines 3a through e......... 90,373
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 182,220
    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..... 182,220
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 19,249 19,249
    (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 71,124
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		9,099
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		62,025
    10 Analysis of line 9:
    a Excess from 2010.... 11,793
    b Excess from 2011.... 42,871
    c Excess from 2012....  
    d Excess from 2013.... 7,361
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    ANIMAL PROTECTIVE ASSOCIATION DBA HARMONY HOUSE FOR CATS
    PO BOX 18098
    CHICAGO,IL60618     		NONE PC GENERAL OPERATING BUDGET 2,500
    BEDELL FAMILY YMCA
    1900 41ST ST
    SPIRIT LAKE,IA51360     		NONE PC GENERAL OPERATING BUDGET 500
    BROOKLINE ART CENTER
    86 MONMOUTH ST
    BROOKLINE,MA02446     		NONE PC GENERAL OPERATING BUDGET 2,100
    BROOKLINE EDUCATION FOUNDATION
    PO BOX 470652
    BROOKLINE,MA02447     		NONE PC GENERAL OPERATING BUDGET 1,115
    BROOKLINE TEEN CENTER
    40 WEBSTER PL
    BROOKLINE,MA02245     		NONE PC GENERAL OPERATING BUDGET 1,200
    CANINE COMPANIONS FOR INDEPENDENCE
    PO BOX 446
    SANTA ROSA,CA65402     		NONE PC GENERAL OPERATING BUDGET 1,750
    CHILDREN'S HOSPITAL BOSTON
    300 LONGWOOD AVE
    BOSTON,MA02446     		NONE PC GENERAL OPERATING BUDGET 10,400
    CHURCH OF OUR SAVIOUR
    25 MONMOUTH ST
    BROOKLINE,MA02446     		NONE PC GENERAL OPERATING BUDGET 1,625
    CITIZENS ENGAGEMENT LABORATORY EDUCATION FUND
    2150 ALLSTON WAY STE 360
    BERKELEY,CA94704     		NONE PC GENERAL OPERATING BUDGET 500
    COMMUNITY FOUNDATION OF GREAT RIVER BEND
    852 MIDDLE RD STE 100
    BETTENDORF,IA52722     		NONE PC GENERAL OPERATING BUDGET 1,000
    COOLIDGE CORNER THEATRE FOUNDATION
    290 HARVARD ST
    BROOKLINE,MA02446     		NONE PC GENERAL OPERATING BUDGET 2,500
    DAVID LYNCH FOUNDATION FOR CONSCIOUSNESS BASED EDUCATION
    1000 NORTH FOURTH
    FAIRFIELD,IA52557     		NONE PC GENERAL OPERATING BUDGET 1,750
    DE CORDOVA MUSEUM
    51 SANDY POND RD
    LINCOLN,MA01773     		NONE PC GENERAL OPERATING BUDGET 95
    EPIPHANY SCHOOL
    154 CENTRE STREET
    DORCHESTER,MA02124     		NONE PC GENERAL OPERATING BUDGET 250
    FRIENDS OF LAKESIDE LABS
    1838 HIGHWAY 8
    MILFORD,IA51351     		NONE PC GENERAL OPERATING BUDGET 250
    HARVARD UNIVERSITY ART MUSEUM
    32 QUINCY ST
    CAMBRIDGE,MA02138     		NONE PC GENERAL OPERATING BUDGET 1,000
    INSTITUTE OF CONTEMPORARY ART
    100 NORTHERN AVENUE
    BOSTON,MA02210     		NONE PC GENERAL OPERATING BUDGET 95
    IOWA CITY PUBLIC LIBRARY
    123 S LINN ST
    IOWA CITY,IA52240     		NONE PC GENERAL OPERATING BUDGET 1,000
    ISABELLA STEWART GARDNER MUSEUM
    280 THE FENWAY
    BOSTON,MA02138     		NONE PC GENERAL OPERATING BUDGET 250
    LAWRENCE SCHOOL PTO
    27 FRANCIS ST
    BROOKLINE,MA02446     		NONE PC GENERAL OPERATING BUDGET 500
    MASSACHUSETTS BREAST CANCER COALITION
    STE 202
    QUINCY,MA02169     		NONE PC GENERAL OPERATING BUDGET 100
    MEALS ON WHEELS
    203 S UNION ST
    ALEXANDRIA,VA22314     		NONE PC GENERAL OPERATING BUDGET 1,750
    MIDWEST LUMBER MUSEUM
    1301 19TH AVE NW
    CLINTON,IA52732     		NONE PC GENERAL OPERATING BUDGET 2,375
    MUSCULAR DYSTROPHY ASSOCIATION
    383 COLLINS RD NE 101
    CEDAR RAPIDS,IA52402     		NONE PC GENERAL OPERATING BUDGET 250
    MUSEUM OF FINE ARTS
    465 HUNTINGTON AVENUE
    BOSTON,MA02115     		NONE PC GENERAL OPERATING BUDGET 250
    MUSEUM OF SCIENCE
    1 SCIENCE PARK
    BOSTON,MA02210     		NONE PC GENERAL OPERATING BUDGET 160
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    101A FIRST AVE
    WALTHAM,MA02451     		NONE PC GENERAL OPERATING BUDGET 315
    NEW ENGLAND AQUARIUM
    NEW ENGLAND AQUARIUM CENTRAL WHARF
    BOSTON,MA02110     		NONE PC GENERAL OPERATING BUDGET 255
    NEW ENGLAND WHEELCHAIR SPORTS INC
    20 HAVEN STREET
    DOVER,MA02030     		NONE PC GENERAL OPERATING BUDGET 1,000
    NORTH LIBERTY LIBRARY
    PO BOX 320
    NORTH LIBERTY,IA52317     		NONE PC GENERAL OPERATING BUDGET 7,000
    NORTH SHORE ANIMAL LEAGUE
    25 DAVIS AVENUE
    PORT WASHINGTON,NY11050     		NONE PC GENERAL OPERATING BUDGET 1,750
    OCEANA INC
    2501 M ST NW
    WASHINGTON,DC20037     		NONE PC GENERAL OPERATING BUDGET 22,375
    OKOBOJI FOUNDATION ENDOWMENT (COMMUNITY FOUNDATION OF GREATER DES MOINES)
    PO BOX 593
    OKOBOJI,IA51355     		NONE PC GENERAL OPERATING BUDGET 2,000
    OPERATION WALK CHICAGO (NORTHWESTERN ARTHRITIS & REHABILITATION INSTITUTE)
    680 N LAKE SHORE DR STE 900
    CHICAGO,IL60611     		NONE PC GENERAL OPERATING BUDGET 7,375
    OTIS COLLEGE OF ART AND DESIGN
    9045 LINCOLN BOULEVARD
    LOS ANGELES,CA90045     		NONE PC GENERAL OPERATING BUDGET 3,750
    PEABODY ESSEX MUSEUM
    161 ESSEX STREET
    SALEM,MA01970     		NONE PC GENERAL OPERATING BUDGET 95
    PEOPLE FOR THE ETHICAL TREATMENT OF ANIMALS (PETA)
    500 FRONT STREET
    NORFOLK,VA23510     		NONE PC GENERAL OPERATING BUDGET 1,000
    PROVIDENCE CATHOLIC HIGH SCHOOL
    1800 W LINCOLN HWY
    NEW LENOX,IL60451     		NONE PC GENERAL OPERATING BUDGET 22,500
    SEED FOUNDATION
    1776 MASSACHUSETTS AVENUE NW SUITE
    600
    WASHINGTON,DC20036     		NONE PC GENERAL OPERATING BUDGET 1,750
    SERO PROJECT
    455 E 51ST ST APT 2C
    NEW YORK,NY10022     		NONE PC GENERAL OPERATING BUDGET 2,500
    THE SIOUX CITY ART CENTER
    225 NEBRASKA ST
    SIOUX CITY,IA51101     		NONE PC GENERAL OPERATING BUDGET 50
    THE TULSA HUB
    601 W 3RD ST
    TULSA,OK74103     		NONE PC GENERAL OPERATING BUDGET 1,000
    THE WHITNEY MUSEUM
    945 MADISON AVE
    NEW YORK,NY10021     		NONE PC GENERAL OPERATING BUDGET 20
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PC GENERAL OPERATING BUDGET 30,000
    UNIVERSITY OF IOWA LAW SCHOOL
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PC ENDOWMENT/SCHOLARSHIPS 25,000
    Total .................................bullet 3a 165,000
    bApproved for future payment
    UNIVERSITY OF IOWA LAW SCHOOL
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PC ENDOWMENT/SCHOLARSHIPS 100,000
    Total .................................bullet 3b 100,000
    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 30,879  
    4 Dividends and interest from securities....     14 117,097  
    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 -73,922  
    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 74,054 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1374,054
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,275 2,137   2,138

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

    TY 2014 DepreciationSchedule
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 2010-08-20 1,592 1,317 200DB 5.000000000000 183 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALCOA INC 105,124 109,652
    AVON PRODUCTS INC 52,082 49,625
    DUN & BRADSTREET CORP 100,366 102,294
    GENERAL ELECTRIC CAPITAL CORP 99,000 99,678
    MONTPELIER RE HLDGS 102,557 103,021
    OWENS CORNING 101,230 101,488

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC COM 125,683 168,668
    APPLE INC 89,769 189,731
    BCE INC COM NPV 0 0
    COMCAST CORP 100,000 101,360
    CONOCOPHILLIPS 40,116 39,549
    DEERE & COMPANY 133,779 136,104
    DTE ENERGY HOLDING CO 29,193 151,582
    GENERAL MOTORS CO COM 126,317 108,485
    GOLDMAN SACHS GROUP INC DEP SHS 102,371 101,454
    ISHARES FUNDS 345,291 463,815
    JPMORGAN CHASE & CO DEPOSITARY SHS 25,000 23,700
    MANITOWOC INC 80,355 89,108
    MICROSOFT CORP 77,764 95,402
    NOVARTIS AG ADR-EACH REPR 118,574 142,907
    PIMCO INCOME STRATEGY FD II 193,925 164,275
    ROCHE HOLDINGS AG SPN ADR EACH REP 101,231 101,859
    SANOFI SPONSORED ADR 101,130 91,220
    SEADRILL LTD 0 0
    TORTOISE MLP FUND INC COM 383,011 402,192
    VANGUARD FUNDS 90,846 100,629
    VERIZON COMMUNICATIONS 96,901 98,735
    AETNA INC NEW COM 90,629 107,539
    METLIFE INC COM 81,194 82,694

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MAINGATE MLP FUND AT COST 340,182 405,071
    PRIVATELY HELD STOCK AT COST 33,000 33,000

    TY 2014 LandEtcSchedule2
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 1,592 1,500 92  


    TY 2014 OtherAssetsSchedule
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    0      


    TY 2014 OtherDecreasesSchedule
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    POSTAGE 98 0   0
    OFFICE SUPPLIES 53 0   0
    INVESTMENT EXPENSES 194 194   0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 41,613 41,613   0


    TY 2014 TaxesSchedule
    Name:
    THE GEORGE H SCANLON FOUNDATION
    EIN: 42-6100764
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 3,192 3,192   0
    EXCISE TAX 22,724 0   0