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
RUTH FREJD CHARITABLE TR DTD 9 18 2007
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 14407   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST PETERSBURG, FL337334407
A Employer identification number

26-6721322
B Telephone number (see instructions)

(727) 567-2300
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$421,908J 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      
4 Dividends and interest from securities...... 12,750 12,750  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 44,842
b Gross sales price for all assets on line 6a 470,498
7 Capital gain net income (from Part IV, line 2)... 44,842
8 Net short-term capital gain......... 0
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........ 57,592 57,592  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 9,364 7,023   2,341
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 256 64 0 192
b Accounting fees (attach schedule)....... Click to see attachment 1,000 0 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 926 409   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,546 7,496 0 3,533
25 Contributions, gifts, grants paid........ 33,372 33,372
26 Total expenses and disbursements. Add lines 24 and 25 44,918 7,496 0 36,905
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,674
b Net investment income (if negative, enter -0-) 50,096
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 40,314 21,563 21,563
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)........ 343,615 Click to see attachment375,028 400,345
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)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 383,929 396,591 421,908
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......... 383,929 396,591
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 383,929 396,591
31 Total liabilities and net assets/fund balances (see instructions).. 383,929 396,591
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)............... 1 383,929
2 Enter amount from Part I, line 27a..................... 2 12,674
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 396,603
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 12
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 396,591
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 57. DOLLAR TREE INC   2013-03-26 2014-01-07
b 45. MARKET VECTORS ETF TR OIL SVCS ETF   2013-01-29 2014-01-07
c 229. ISHARES CANADA ETF   2013-01-31 2014-02-12
d 70. ISHARES 1-3 YR CRED BD   2013-02-06 2014-02-13
e 66. VANGUARD VANGUARD SHORT TERM   2012-01-06 2014-02-13
89. ISHARES CORE S&P SMALL-CAP ETF   2011-11-29 2014-02-14
51. SPDR SERIES TRUST KBW INS ETF   2013-04-03 2014-02-14
49. SECTOR SPDR TRUST MATERIALS SPDR (ETF)   2013-08-13 2014-02-14
23. VANGUARD INDUSTRIALS ETF   2013-09-23 2014-02-14
47. ISHARES MSCI SOUTH KOREA CAPPED INDEX FU   2013-09-03 2014-02-21
117. ISHARES EM ETF   2012-01-11 2014-02-21
77. ISHARES MSCI ALL COUNTRY ASIA EX JAPAN I   2013-09-18 2014-02-21
348. POWERSHARES ETF TRUST II S&P 500 HIGH BE   2013-06-17 2014-02-21
684. POWERSHARES ETF TRUST II S&P 500 HIGH BE   2013-01-31 2014-02-26
204. POWERSHARES ETF TRUST II S&P 500 HIGH BE   2013-06-17 2014-02-26
163. ISHARES MSCI ACWI EX US INDEX   2011-03-17 2014-02-27
119. POWERSHARES ETF DYNAMIC BUYBACK ACHIEVER   2013-03-06 2014-03-11
51. POWERSHARES ETF DYNAMIC BUYBACK ACHIEVER   2013-06-25 2014-03-11
298. ISHARES GERMAN ETF   2012-01-27 2014-03-14
48. FIRST TRUST DOW JONES INTERNET   2012-10-11 2014-03-25
374. ISHARES MSCI EAFE ETF   2013-01-31 2014-04-09
77. ISHARES MSCI EAFE VALUE   2013-05-30 2014-04-09
162. VANGUARD FTSE EUROPE ETF   2013-07-31 2014-04-09
40. AMC NETWORKS INC CLASS A   2014-01-07 2014-04-24
209. ISHARES MSCI JAPAN ETF   2013-01-23 2014-04-25
1009. ISHARES MSCI JAPAN ETF   2013-07-08 2014-04-25
49. CLAYMORE ETF TRUST GUGGENHEIM CLAYMORE ETF INSIDER SENTIMENT   2013-10-23 2014-05-08
46. EBAY INC   2014-03-14 2014-05-08
495. POWERSHARES ETF TRUST II S&P 500 HIGH BE   2013-01-31 2014-05-08
24. ALPS RIVERFRONT STRATEGIC INCOME FUND   2014-02-13 2014-05-15
1. ABBOTT LABORATORIES   2013-09-23 2014-05-15
3. BARCLAYS ETN + SELECT MPL ETN   2014-03-11 2014-05-15
1. CVS HEALTH CORP   2013-10-31 2014-05-15
8. CLAYMORE ETF TRUST GUGGENHEIM ETF SABRIE   2013-01-29 2014-05-15
6. DEUTSCHE X TRACKERS MSCI EAFE HEDGED EQU   2014-04-25 2014-05-15
1. WALT DISNEY CO   2013-10-11 2014-05-15
1. DISCOVER FINANCAL SERVICES INC   2013-06-06 2014-05-15
6. FIRST TRUST DOW JONES SELECT MICROCAP   2013-01-29 2014-05-15
8. FIRST TRUST EXCH TRADE FD VI NASDAQ TECH   2014-05-08 2014-05-15
9. FLEXSHARES TRUST   2013-10-31 2014-05-15
1. GENERAL MILLS INC   2014-02-14 2014-05-15
2. GLOBAL X FTSE NORDIC REGION ETF   2014-02-27 2014-05-15
4. GLOBAL X FDS MLP & ENERGY INFRASTRUCTURE   2014-03-11 2014-05-15
4. GLOBAL X MSCI NORWAY ETF   2014-02-27 2014-05-15
6. ISHARES AUSTRALIA   2014-04-09 2014-05-15
10. ISHARES EMU ETF   2013-08-14 2014-05-15
7. ISHARES MSCI UNITED KINGDOM ETF   2011-12-06 2014-05-15
5. ISHARES SWITZERLAND CAPP   2012-11-06 2014-05-15
1. ISHARES MSCI SPAIN INDEX   2014-02-27 2014-05-15
3. ISHARES MSCI JAPAN ETF   2013-01-23 2014-05-15
1. ISHARES TRANS AVERAGE   2014-05-08 2014-05-15
2. ISHARES MSCI EAFE ETF   2012-11-30 2014-05-15
8. ISHARES TRUST GOLDMAN SACHS NETWORKING F   2014-02-26 2014-05-15
2. ISHARES US CONSMR GOOD   2014-02-26 2014-05-15
7. ISHARES MSCI ALL COUNTRY ASIA EX JAPAN I   2014-04-25 2014-05-15
1. ISHARES IBOXX HI YD CP   2014-02-13 2014-05-15
3. ISHARES US HOME CONST   2014-05-08 2014-05-15
3. ISHARES MICRO CAP   2014-02-21 2014-05-15
1. ISHARES TR POLND INVT MKT   2014-04-09 2014-05-15
1. OMNICARE INC   2013-04-03 2014-05-15
11. POWERSHARES ETF DYNAMIC FOOD & BEVERAGE   2014-02-26 2014-05-15
4. POWERSHARES GLOBAL ETF FTSE RAFI DEVELOP   2013-01-23 2014-05-15
2. POWERSHARES ETF TRUST II KBW BK PRT   2014-05-08 2014-05-15
1. RYDEX ETF TRUST S&P EQUAL WEIGHT ENERGY   2014-05-08 2014-05-15
3. SPDR BARCLAYS HIGH YIELD BOND ETF   2014-02-13 2014-05-15
5. SCHWAB STRATEGIC TRUST US REIT ETF   2014-03-14 2014-05-15
6. SECTOR SPDR TRUST FINANCIAL SELECT   2014-02-26 2014-05-15
13. VANGUARD FTSE DEVELOPED MARKETS ETF   2012-01-27 2014-05-15
9. VANGUARD FTSE EUROPE ETF   2013-07-25 2014-05-15
1. VANGUARD INFORMATION TECHNOLOGY ETF   2014-03-14 2014-05-15
6. VANGUARD LARGE CAP ETF   2012-05-18 2014-05-15
3. WISDOMTREE TRUST JAPAN SMALLCAP DIVID FU   2013-07-08 2014-05-15
6. WISDOMTREE JAPAN HEDGED EQUITY FUND   2013-10-10 2014-05-15
2. WISDOMTREE TRUST EUROPE SMALLCAP DIV   2014-04-09 2014-05-15
2. WISDOM TREE EUROPE HEDGED EQUITY FUND   2014-04-09 2014-05-15
297. POWERSHARES ETF DYNAMIC FOOD & BEVERAGE   2014-02-26 2014-05-28
42. VANGUARD LARGE CAP ETF   2012-06-04 2014-05-28
288. FIRST TRUST DOW JONES SELECT MICROCAP   2013-01-29 2014-06-04
3. ALPS RIVERFRONT STRATEGIC INCOME FUND   2014-02-13 2014-06-19
2. ABBOTT LABORATORIES   2013-09-23 2014-06-19
3. BARCLAYS ETN + SELECT MPL ETN   2014-03-11 2014-06-19
5. CLAYMORE ETF TRUST GUGGENHEIM ETF SABRIE   2013-01-29 2014-06-19
6. DEUTSCHE X TRACKERS MSCI EAFE HEDGED EQU   2014-04-25 2014-06-19
1. WALT DISNEY CO   2013-10-11 2014-06-19
1. FIRST TRUST AMEX BIOTECHNOLOGY FUND   2014-05-28 2014-06-19
1. FIRST TRUST EXCH TRADE FD VI NASDAQ TECH   2014-05-08 2014-06-19
3. FLEXSHARES TRUST   2013-10-31 2014-06-19
1. GENERAL MILLS INC   2014-02-14 2014-06-19
1. GLOBAL X FTSE NORDIC REGION ETF   2014-02-27 2014-06-19
6. GLOBAL X FDS MLP & ENERGY INFRASTRUCTURE   2014-05-28 2014-06-19
6. ISHARES AUSTRALIA   2014-04-09 2014-06-19
7. ISHARES EMU ETF   2013-08-14 2014-06-19
1. ISHARES MSCI UNITED KINGDOM ETF   2011-12-06 2014-06-19
1. ISHARES SWITZERLAND CAPP   2012-11-06 2014-06-19
3. ISHARES MSCI SPAIN INDEX   2014-02-27 2014-06-19
8. ISHARES MSCI JAPAN ETF   2013-01-23 2014-06-19
1. ISHARES TRANS AVERAGE   2014-05-08 2014-06-19
1. ISHARES MSCI EAFE ETF   2012-11-30 2014-06-19
2. ISHARES US CONSMR GOOD   2014-02-26 2014-06-19
1. ISHARES MSCI ALL COUNTRY ASIA EX JAPAN I   2014-04-25 2014-06-19
1. ISHARES IBOXX HI YD CP   2014-02-13 2014-06-19
1. ISHARES US HOME CONST   2014-05-08 2014-06-19
2. ISHARES MICRO CAP   2014-02-21 2014-06-19
2. ISHARES TR POLND INVT MKT   2014-04-09 2014-06-19
4. POWERSHARES ETF DYNAMIC FOOD & BEVERAGE   2014-02-14 2014-06-19
2. POWERSHARES GLOBAL ETF FTSE RAFI DEVELOP   2013-01-23 2014-06-19
1. POWERSHARES ETF TRUST II KBW BK PRT   2014-05-08 2014-06-19
2. RYDEX ETF TRUST S&P EQUAL WEIGHT ENERGY   2014-05-08 2014-06-19
6. SCHWAB STRATEGIC TRUST US REIT ETF   2014-03-14 2014-06-19
6. SECTOR SPDR TRUST FINANCIAL SELECT   2014-02-26 2014-06-19
6. VANGUARD FTSE DEVELOPED MARKETS ETF   2012-01-27 2014-06-19
6. VANGUARD FTSE EUROPE ETF   2013-07-25 2014-06-19
2. VANGUARD LARGE CAP ETF   2012-06-04 2014-06-19
1. VERIZON COMMUNICATIONS INC   2014-05-28 2014-06-19
1. WISDOMTREE TRUST JAPAN SMALLCAP DIVID FU   2013-07-08 2014-06-19
10. WISDOMTREE JAPAN HEDGED EQUITY FUND   2013-10-10 2014-06-19
1. WISDOMTREE TRUST EUROPE SMALLCAP DIV   2014-04-09 2014-06-19
5. WISDOM TREE EUROPE HEDGED EQUITY FUND   2014-06-04 2014-06-19
281. POWERSHARES ETF DYNAMIC FOOD & BEVERAGE   2014-02-14 2014-06-25
97. VANGUARD LARGE CAP ETF   2012-06-04 2014-06-25
125. ISHARES EMU ETF   2012-09-07 2014-07-21
272. ISHARES EMU ETF   2013-08-14 2014-07-21
64. VANGUARD FTSE EUROPE ETF   2013-07-25 2014-07-21
78. WISDOMTREE TRUST EUROPE SMALLCAP DIV   2014-04-09 2014-07-21
17. ALPS RIVERFRONT STRATEGIC INCOME FUND   2014-02-13 2014-07-28
1. BARCLAYS ETN + SELECT MPL ETN   2014-03-11 2014-07-28
4. CLAYMORE ETF TRUST GUGGENHEIM ETF SABRIE   2013-01-29 2014-07-28
3. CREDIT SUISSE EQUAL WEIGHT MLP INDEX EXCHANGE TRADED NOTES LINKED   2014-06-25 2014-07-28
6. DEUTSCHE X TRACKERS MSCI EAFE HEDGED EQU   2014-04-25 2014-07-28
1. WALT DISNEY CO   2013-10-11 2014-07-28
1. DISCOVER FINANCAL SERVICES INC   2013-06-06 2014-07-28
4. DOLLAR TREE INC   2014-06-25 2014-07-28
13. FIRST TRUST EXCH TRADE FD VI NASDAQ TECH   2014-06-25 2014-07-28
5. FLEXSHARES TRUST   2013-10-31 2014-07-28
1. GENERAL MILLS INC   2014-02-14 2014-07-28
1. GLOBAL X FTSE NORDIC REGION ETF   2014-02-27 2014-07-28
4. GLOBAL X FDS MLP & ENERGY INFRASTRUCTURE   2014-05-28 2014-07-28
3. GLOBAL X MSCI NORWAY ETF   2014-06-25 2014-07-28
4. ISHARES AUSTRALIA   2014-04-09 2014-07-28
2. ISHARES MSCI UNITED KINGDOM ETF   2011-12-06 2014-07-28
1. ISHARES SWITZERLAND CAPP   2012-11-06 2014-07-28
1. ISHARES MSCI SPAIN INDEX   2014-02-27 2014-07-28
3. ISHARES MSCI JAPAN ETF   2013-01-23 2014-07-28
1. ISHARES MSCI EAFE ETF   2012-11-30 2014-07-28
4. ISHARES TRUST GOLDMAN SACHS NETWORKING F   2014-02-26 2014-07-28
2. ISHARES US CONSMR GOOD   2014-02-26 2014-07-28
12. ISHARES MSCI ALL COUNTRY ASIA EX JAPAN I   2014-04-25 2014-07-28
3. ISHARES MICRO CAP   2014-02-21 2014-07-28
2. ISHARES TR POLND INVT MKT   2014-04-09 2014-07-28
2. OMNICARE INC   2013-04-03 2014-07-28
2. POWERSHARES GLOBAL ETF FTSE RAFI DEVELOP   2013-01-23 2014-07-28
3. POWERSHARES ETF TRUST II KBW BK PRT   2014-05-08 2014-07-28
1. RYDEX ETF TRUST S&P EQUAL WEIGHT ENERGY   2014-05-08 2014-07-28
2. SPDR BARCLAYS HIGH YIELD BOND ETF   2014-02-13 2014-07-28
5. SCHWAB STRATEGIC TRUST US REIT ETF   2014-03-14 2014-07-28
9. SECTOR SPDR TRUST FINANCIAL SELECT   2014-02-26 2014-07-28
5. VANGUARD FTSE DEVELOPED MARKETS ETF   2012-01-27 2014-07-28
2. VANGUARD FTSE EUROPE ETF   2013-07-25 2014-07-28
1. VANGUARD INFORMATION TECHNOLOGY ETF   2014-03-14 2014-07-28
1. VANGUARD LARGE CAP ETF   2012-06-04 2014-07-28
1. VERIZON COMMUNICATIONS INC   2014-05-28 2014-07-28
1. WISDOMTREE TRUST JAPAN SMALLCAP DIVID FU   2013-07-08 2014-07-28
6. WISDOMTREE JAPAN HEDGED EQUITY FUND   2013-10-10 2014-07-28
1. WISDOM TREE EUROPE HEDGED EQUITY FUND   2014-06-04 2014-07-28
40. ISHARES IBOXX HI YD CP   2014-02-13 2014-08-01
91. SPDR BARCLAYS HIGH YIELD BOND ETF   2014-02-13 2014-08-01
246. CLAYMORE ETF TRUST GUGGENHEIM ETF SABRIE   2013-01-29 2014-08-05
59. GENERAL MILLS INC   2014-02-14 2014-08-05
158. SCHWAB STRATEGIC TRUST US REIT ETF   2014-03-14 2014-08-06
69. ISHARES US CONSMR GOOD   2014-02-26 2014-08-21
113. ISHARES TRUST GOLDMAN SACHS NETWORKING F   2014-02-26 2014-08-22
46. VANGUARD INFORMATION TECHNOLOGY ETF   2014-03-14 2014-08-22
164. CLAYMORE ETF TRUST GUGGENHEIM ETF SABRIE   2013-01-29 2014-09-11
61. ISHARES MICRO CAP   2014-02-21 2014-09-11
19. ALPS RIVERFRONT STRATEGIC INCOME FUND   2014-02-13 2014-09-30
2. ABBOTT LABORATORIES   2013-09-23 2014-09-30
3. BARCLAYS ETN + SELECT MPL ETN   2014-03-11 2014-09-30
1. BRISTOL MYERS SQUIBB   2014-08-22 2014-09-30
2. CVS HEALTH CORP   2013-10-31 2014-09-30
3. CREDIT SUISSE EQUAL WEIGHT MLP INDEX EXCHANGE TRADED NOTES LINKED   2014-06-25 2014-09-30
11. DEUTSCHE X TRACKERS MSCI EAFE HEDGED EQU   2014-04-25 2014-09-30
1. WALT DISNEY CO   2013-10-11 2014-09-30
2. FIRST TRUST AMEX BIOTECHNOLOGY FUND   2014-05-28 2014-09-30
13. FIRST TRUST EXCH TRADE FD VI NASDAQ TECH   2014-06-25 2014-09-30
8. FLEXSHARES TRUST   2013-10-31 2014-09-30
2. GLOBAL X FTSE NORDIC REGION ETF   2014-02-27 2014-09-30
10. GLOBAL X FDS MLP & ENERGY INFRASTRUCTURE   2014-05-28 2014-09-30
21. GLOBAL X MSCI NORWAY ETF   2014-06-25 2014-09-30
9. ISHARES AUSTRALIA   2014-04-09 2014-09-30
4. ISHARES SWITZERLAND CAPP   2012-11-06 2014-09-30
4. ISHARES MSCI SPAIN INDEX   2014-02-27 2014-09-30
3. ISHARES MSCI JAPAN ETF   2013-01-23 2014-09-30
2. ISHARES TRANS AVERAGE   2014-05-08 2014-09-30
2. ISHARES MSCI EAFE ETF   2012-11-30 2014-09-30
3. ISHARES TRUST GOLDMAN SACHS NETWORKING F   2014-02-26 2014-09-30
1. ISHARES US CONSMR GOOD   2014-02-26 2014-09-30
4. ISHARES MSCI ALL COUNTRY ASIA EX JAPAN I   2014-04-25 2014-09-30
3. ISHARES ASIA 50 ETF   2014-08-06 2014-09-30
6. ISHARES US HOME CONST   2014-05-08 2014-09-30
3. ISHARES MICRO CAP   2014-02-21 2014-09-30
2. ISHARES TR POLND INVT MKT   2014-04-09 2014-09-30
12. ISHARES INC CORE MSCI EMKT   2014-09-11 2014-09-30
3. ISHARES TR MSCI UTD KINGDOM ETF   2011-12-06 2014-09-30
4. LKQ CORP   2014-08-21 2014-09-30
2. ORACLE CORP   2014-08-22 2014-09-30
3. POWERSHARES GLOBAL ETF FTSE RAFI DEVELOP   2013-01-23 2014-09-30
5. POWERSHARES ETF TRUST II KBW BK PRT   2014-05-08 2014-09-30
2. RYDEX ETF TRUST S&P EQUAL WEIGHT ENERGY   2014-05-08 2014-09-30
3. SCHWAB STRATEGIC TRUST US REIT ETF   2014-02-26 2014-09-30
10. SECTOR SPDR TRUST FINANCIAL SELECT   2014-02-26 2014-09-30
2. URBAN OUTFITTERS INC   2014-08-21 2014-09-30
8. VANGUARD FTSE DEVELOPED MARKETS ETF   2012-01-27 2014-09-30
11. VANGUARD FTSE EUROPE ETF   2013-07-25 2014-09-30
3. VANGUARD LARGE CAP ETF   2012-06-04 2014-09-30
2. VERIZON COMMUNICATIONS INC   2014-05-28 2014-09-30
1. WISDOMTREE TRUST JAPAN SMALLCAP DIVID FU   2013-07-08 2014-09-30
5. WISDOMTREE JAPAN HEDGED EQUITY FUND   2013-10-10 2014-09-30
3. WISDOMTREE TRUST EUROPE SMALLCAP DIV   2014-04-09 2014-09-30
24. WISDOM TREE EUROPE HEDGED EQUITY FUND   2014-06-04 2014-09-30
32. ISHARES TRANS AVERAGE   2014-05-08 2014-10-15
123. ISHARES TRUST GOLDMAN SACHS NETWORKING F   2014-02-26 2014-10-15
114. RYDEX ETF TRUST S&P EQUAL WEIGHT ENERGY   2014-05-08 2014-10-15
281. ALPS RIVERFRONT STRATEGIC INCOME FUND   2014-02-13 2014-10-17
41. WALT DISNEY CO   2013-10-11 2014-10-17
140. POWERSHARES GLOBAL ETF FTSE RAFI DEVELOP   2013-01-23 2014-10-17
445. VANGUARD FTSE EUROPE ETF   2013-07-25 2014-10-17
93. WISDOMTREE TRUST EUROPE SMALLCAP DIV   2014-04-09 2014-10-17
400. ALPS RIVERFRONT STRATEGIC INCOME FUND   2013-12-04 2014-10-20
375. ISHARES INC CORE MSCI EMKT   2014-09-11 2014-11-06
209. FIRST TRUST EXCH TRADE FD VI NASDAQ TECH   2014-06-25 2014-11-14
80. URBAN OUTFITTERS INC   2014-08-21 2014-11-14
686. GLOBAL X MSCI NORWAY ETF   2014-07-21 2014-12-04
58. ISHARES CORE S & P 500 INDEX ETF   2014-10-20 2014-12-04
76. ISHARES CORE S&P SMALL-CAP ETF   2014-10-17 2014-12-04
67. VERIZON COMMUNICATIONS INC   2014-05-28 2014-12-12
101. ISHARES TR POLND INVT MKT   2014-04-09 2014-12-24
101. ISHARES INC CORE MSCI EMKT   2014-08-05 2014-12-24
CAPITAL GAIN DIVIDENDS P    
(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 3,231   2,737 494
b 2,113   1,957 156
c 6,585   5,887 698
d 7,389   7,387 2
e 5,289   5,139 150
9,469   5,734 3,735
3,064   2,630 434
2,258   2,031 227
2,258   2,070 188
2,820   2,722 98
4,613   2,844 1,769
4,445   4,545 -100
10,723   8,855 1,868
21,203   16,114 5,089
6,324   4,981 1,343
7,525   7,001 524
5,199   3,917 1,282
2,228   1,774 454
8,891   6,421 2,470
2,913   1,793 1,120
25,188   21,963 3,225
4,458   4,025 433
9,616   8,376 1,240
2,704   2,681 23
2,304   2,028 276
11,124   11,651 -527
2,297   2,178 119
2,328   2,611 -283
15,409   10,900 4,509
612   606 6
39   35 4
89   82 7
76   62 14
205   160 45
165   162 3
80   66 14
57   48 9
182   144 38
203   203  
305   291 14
53   50 3
51   50 1
71   67 4
71   66 5
160   160  
425   365 60
152   116 36
176   127 49
41   40 1
33   29 4
139   139  
137   110 27
264   281 -17
193   188 5
426   415 11
94   94  
69   70 -1
209   232 -23
29   31 -2
62   41 21
291   293 -2
179   150 29
69   70 -1
86   87 -1
124   123 1
174   165 9
130   129 1
546   422 124
543   464 79
90   90  
516   359 157
147   144 3
276   287 -11
122   126 -4
115   114 1
8,058   7,813 245
3,697   2,490 1,207
8,826   6,897 1,929
76   76  
81   70 11
92   82 10
137   100 37
170   162 8
84   66 18
80   77 3
27   25 2
106   97 9
55   50 5
26   25 1
115   109 6
160   160  
308   255 53
22   17 5
35   25 10
133   119 14
97   78 19
147   139 8
71   55 16
201   188 13
63   59 4
95   94 1
24   23 1
150   155 -5
62   61 1
111   104 7
93   75 18
37   35 2
185   174 11
212   198 14
137   129 8
260   195 65
370   310 60
180   117 63
49   50 -1
53   48 5
502   479 23
61   63 -2
302   295 7
7,670   7,326 344
8,700   5,663 3,037
5,086   3,842 1,244
11,067   9,924 1,143
3,745   3,302 443
4,515   4,897 -382
429   430 -1
32   27 5
106   80 26
107   106 1
166   162 4
87   66 21
63   48 15
224   216 8
353   341 12
176   161 15
53   50 3
26   25 1
79   73 6
53   54 -1
108   107 1
42   33 9
34   25 9
42   40 2
37   29 8
68   55 13
138   141 -3
197   188 9
785   711 74
214   232 -18
58   61 -3
128   82 46
90   75 15
109   105 4
91   87 4
82   82  
181   165 16
206   193 13
212   162 50
118   103 15
99   90 9
91   58 33
51   50 1
54   48 6
301   287 14
58   59 -1
3,669   3,746 -77
3,656   3,721 -65
6,422   4,921 1,501
3,008   2,931 77
5,556   5,212 344
6,912   6,484 428
3,924   3,971 -47
4,648   3,980 668
4,453   3,281 1,172
4,496   4,723 -227
472   480 -8
84   70 14
97   82 15
52   50 2
160   125 35
107   106 1
305   298 7
89   66 23
185   154 31
353   341 12
279   258 21
50   50  
199   182 17
344   376 -32
215   240 -25
130   102 28
156   159 -3
35   29 6
305   277 28
128   110 18
103   105 -2
99   94 5
245   237 8
140   149 -9
136   140 -4
211   232 -21
57   61 -4
601   639 -38
58   50 8
106   109 -3
77   83 -6
127   112 15
185   176 9
163   174 -11
103   99 4
233   215 18
74   78 -4
318   260 58
609   568 41
272   175 97
100   100  
51   48 3
262   239 23
157   188 -31
1,391   1,417 -26
4,476   4,430 46
3,822   4,323 -501
7,934   9,356 -1,422
6,967   7,066 -99
3,442   2,710 732
5,514   5,246 268
23,073   21,198 1,875
4,600   5,839 -1,239
9,953   9,979 -26
18,479   19,820 -1,341
5,766   5,377 389
2,469   3,138 -669
9,240   11,886 -2,646
12,105   11,045 1,060
8,482   7,828 654
3,066   3,337 -271
2,426   3,087 -661
4,718   5,313 -595
      3,274
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       494
b       156
c       698
d       2
e       150
      3,735
      434
      227
      188
      98
      1,769
      -100
      1,868
      5,089
      1,343
      524
      1,282
      454
      2,470
      1,120
      3,225
      433
      1,240
      23
      276
      -527
      119
      -283
      4,509
      6
      4
      7
      14
      45
      3
      14
      9
      38
       
      14
      3
      1
      4
      5
       
      60
      36
      49
      1
      4
       
      27
      -17
      5
      11
       
      -1
      -23
      -2
      21
      -2
      29
      -1
      -1
      1
      9
      1
      124
      79
       
      157
      3
      -11
      -4
      1
      245
      1,207
      1,929
       
      11
      10
      37
      8
      18
      3
      2
      9
      5
      1
      6
       
      53
      5
      10
      14
      19
      8
      16
      13
      4
      1
      1
      -5
      1
      7
      18
      2
      11
      14
      8
      65
      60
      63
      -1
      5
      23
      -2
      7
      344
      3,037
      1,244
      1,143
      443
      -382
      -1
      5
      26
      1
      4
      21
      15
      8
      12
      15
      3
      1
      6
      -1
      1
      9
      9
      2
      8
      13
      -3
      9
      74
      -18
      -3
      46
      15
      4
      4
       
      16
      13
      50
      15
      9
      33
      1
      6
      14
      -1
      -77
      -65
      1,501
      77
      344
      428
      -47
      668
      1,172
      -227
      -8
      14
      15
      2
      35
      1
      7
      23
      31
      12
      21
       
      17
      -32
      -25
      28
      -3
      6
      28
      18
      -2
      5
      8
      -9
      -4
      -21
      -4
      -38
      8
      -3
      -6
      15
      9
      -11
      4
      18
      -4
      58
      41
      97
       
      3
      23
      -31
      -26
      46
      -501
      -1,422
      -99
      732
      268
      1,875
      -1,239
      -26
      -1,341
      389
      -669
      -2,646
      1,060
      654
      -271
      -661
      -595
       
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 44,842
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 18,456 415,332 0.044437
2012 20,650 390,890 0.052828
2011 20,678 410,581 0.050363
2010 17,609 407,862 0.043174
2009 5,221 368,047 0.014186
2 Total of line 1, column (d) ...................... 2 0.204988
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 0.040998
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 433,147
5 Multiply line 4 by line 3....................... 5 17,758
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 501
7 Add lines 5 and 6......................... 7 18,259
8 Enter qualifying distributions from Part XII, line 4.............. 8 36,905
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 1 501
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........................... 3 501
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- ..... 5 501
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 384
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 384
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 117
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 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$   (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)
    bulletIL
    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 addressbullet  
    14
    The books are in care ofbulletRAYMOND JAMES TRUST NA Telephone no.bullet (727) 567-2300
    Located atbullet880 CARILLON PKWYST PETERSBURGFL ZIP+4bullet33716
    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
     
    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
     
    No
    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
    RAYMOND JAMES TRUST NA TRUSTEE
    1     		9,364    
    PO BOX 14407
    ST PETERSBURG,FL337334407
    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.........................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
    439,743
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    439,743
    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
    439,743
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    6,596
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    433,147
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    21,657
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    21,657
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    501
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    501
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    21,156
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    21,156
    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
    21,156
    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
    36,905
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    36,905
    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
    501
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    36,404
    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 21,156
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 10,677
    b Total for prior years:2012, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 0
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 36,905
    a Applied to 2013, but not more than line 2a 10,677
    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..... 21,156
    e Remaining amount distributed out of corpus 5,072
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 5,072
    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) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		5,072
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 5,072
    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
    BLACKHAWK AREA COUNCIL BSA
    1800 7TH AVENUE
    ROCKFORD,IL61104     		N/A PC CAMP IMPROVEMENTS, 16,686
    COMMUNITY FOUNDATION OF MCHENRY
    COUNTY
    ATTN ROBIN DOEDEN PRES/CEO
    WOODSTOCK,IL60098     		N/A PC CITY OF WOODSTOCK & 16,686
    Total .................................bullet 3a 33,372
    bApproved for future payment
    Total .................................bullet 3b  
    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 ............     		         
    4 Dividends and interest from securities....     14 12,750  
    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 44,842  
    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)..   57,592  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1357,592
    (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:
    RUTH FREJD CHARITABLE TR DTD 9 18 2007
    EIN: 26-6721322
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    RUTH FREJD CHARITABLE TR DTD 9 18 2007
    EIN: 26-6721322
    Name of Stock End of Year Book Value End of Year Fair Market Value
    POWERSHARES ETF TR II S&P 500    
    FIRST TRUST DOW JONES INTERNET    
    ISHARES CORE S&P SMALL-CAP ETF    
    ISHARES MSCI SWITZERLAND CAP    
    VANGUARD FTSE EUROPE ETF    
    VANGUARD INDUSTRIALS ETF    
    VANGUARD LARGE CAP ETF 6,947 11,232
    VANGUARD VANGUARD SHORT TERM    
    WISDOMTREE JAPAN HEDGED EQUITY 25,561 27,077
    ABBOTT LABORATORIES 2,323 2,971
    ALPS RIVERFRONT STRATEGIC INC 5,393 5,415
    CLAYMORE ETF GUGGENHEIM INSIDE    
    CLAYMORE ETF GUGG SABRIENT    
    CVS CAREMARK 2,371 3,660
    DISCOVER FINANCIAL SERVICES 1,821 2,489
    DOLLAR TREE INC 3,343 4,364
    FIRST TRUST DOW JONES SELECT    
    FLEXSHARES TRUST 9,555 10,715
    ISHARES 1-3 YR CRED BD    
    ISHARES CANADA ETF    
    ISHARES EM ETF    
    ISHARES EMU ETF    
    ISHARES GERMAN ETF    
    ISHARES MSCI ACWI EX US    
    ISHARES MSCI ALL COUNTRY ASIA 21,945 23,153
    ISHARES MSCI EAFE ETF 4,904 5,415
    ISHAES MSCI EAFE VALUE    
    ISHARES MSCI JAPAN ETF 2,912 3,372
    ISHARES MSCI SOUTH KOREA INDEX    
    ISHARES MSCI USA ETF    
    MARKET VECTORS ETF OIL SVCS    
    OMNICARE INC 2,140 3,792
    POWERSHARES DYNAMIC BUYBACK    
    POWERSHARES FTSE RAFI DEVELOP    
    SECTOR SPDR TRUST MATERIALS    
    SPDR SERIES TRUST KBW INS    
    VANGUARD FTSE DEVELOPED MARKET 12,770 15,114
    VANGUARD INFORMATION TECHNOLOG    
    WALT DISNEY CO    
    WISDOMTREE TRUT JAPAN SMALLCAP 3,612 3,639
    BARCLAYS ETN SELECT 4,162 4,680
    BRISTOL MYERS SQUIBB 3,158 3,719
    CREDIT SUISSE EQUAL WEIGHT MLP 5,560 5,013
    DEUTSCHE X TRACKERS MSCI 18,889 18,792
    FIRST TRUST AMEX BIOTECH 3,770 4,999
    FIRST TRUST EXCH TRADE FD VI 9,730 10,988
    FOSSIL GROUP INC 3,125 3,544
    GLOBAL X FTSE NORDIC 2,059 1,808
    GLOBAL X FDS MLP & ENERGY 6,663 7,123
    INTERNATIONAL PAPER CO 3,430 3,376
    ISHARES AUSTRALIA 9,260 7,715
    ISHARES SWITZERLAND 3,306 4,120
    ISHARES MSCI SPAIN INDEX 4,689 4,086
    ISHARES TRANS AVERAGE 3,743 4,594
    ISHARES CORE S & P 500 INDEX 10,830 11,792
    ISHARES US CONSMR GOOD 5,638 6,286
    ISHARES ASIA 50 ETF 6,241 5,928
    ISHARES US HOME CONSTR 7,888 8,463
    ISHARES MICRO CAP 16,970 17,859
    ISHARES TR MSCI UTD KINGDOM 12,506 12,314
    LQK CORP 3,075 3,178
    ORACLE CORP 3,128 3,373
    POWERSHARES ETF TRUST II KBW 5,588 6,075
    SCHWAB STRTEGIC TRUST US REIT 3,695 4,596
    SECTOR SPDR TRUST ENERGY SELEC 9,474 9,262
    SECTOR SPDR TRUST FINANCIAL 8,894 10,238
    WISDOMTREE TRUST LARGE CAP 19,044 20,987
    WISDOMTREE EUROPE HEDGED 74,916 73,029

    TY 2014 LegalFeesSchedule
    Name:
    RUTH FREJD CHARITABLE TR DTD 9 18 2007
    EIN: 26-6721322
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 256 64   192


    TY 2014 OtherDecreasesSchedule
    Name:
    RUTH FREJD CHARITABLE TR DTD 9 18 2007
    EIN: 26-6721322
    Description Amount
       


    TY 2014 TaxesSchedule
    Name:
    RUTH FREJD CHARITABLE TR DTD 9 18 2007
    EIN: 26-6721322
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE INCOME TAXES 15 15   0
    FEDERAL TAX PAYMENT - PRIOR YE 133 0   0
    FEDERAL ESTIMATES - PRINCIPAL 384 0   0
    FOREIGN TAXES ON QUALIFIED FOR 284 284   0
    FOREIGN TAXES ON NONQUALIFIED 110 110   0