TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
WHITE MEMORIAL FUND

Number and street (or P.O. box number if mail is not delivered to street address)PNC BANK NA 620 LIBERTY AVENUE 10 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA152222705

A Employer identification number

52-6332718

B Telephone number (see instructions)

(412) 768-5892

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,294,419J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	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)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	27,771		27,898
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		58,792
b	Gross sales price for all assets on line 6a 260,909
7	Capital gain net income (from Part IV, line 2)...			58,792
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).......		17,644	168
12	Total. Add lines 1 through 11........	104,207		86,858
13	Compensation of officers, directors, trustees, etc.	8,502		8,077		425
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		5,204	30		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).......			3
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	13,706		8,110	0	425
25	Contributions, gifts, grants paid........	72,759				72,759
26	Total expenses and disbursements. Add lines 24 and 25	86,465		8,110	0	73,184
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	17,742
b	Net investment income (if negative, enter -0-)			78,748
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	28,457	39,054	39,054
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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)........	229,621	211,653	273,757
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	874,755	903,265	981,608
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,132,833	1,153,972	1,294,419
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	1,117,920	1,133,934
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	14,913	20,038
	30	Total net assets or fund balances (see instructions)......	1,132,833	1,153,972
	31	Total liabilities and net assets/fund balances (see instructions)..	1,132,833	1,153,972

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	1,132,833
2	Enter amount from Part I, line 27a.....................	2	17,742
3	Other increases not included in line 2 (itemize)	3	3,400
4	Add lines 1, 2, and 3..........................	4	1,153,975
5	Decreases not included in line 2 (itemize)	5	3
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,153,972

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	64. FORD MTR CO DEL COM PAR $0.01			2014-01-01
b	139. FORD MTR CO DEL COM PAR $0.01			2014-01-01
c	59. CAPITAL ONE FINANCIAL CORP			2014-01-21
d	96. INTEL CORP			2014-01-27
e	11. INTEL CORP		2013-12-05	2014-01-27
	43. YAHOO! INC COM		2013-07-02	2014-01-27
	19. JAZZ PHARMACEUTICALS PLC SEDOL B4Q5ZN4		2013-07-02	2014-01-27
	111. CITIGROUP INC			2014-02-06
	44. CITIGROUP INC			2014-02-06
	60. SMITH A O CORP COMMON			2014-02-06
	14. WYNN RESORTS LTD			2014-02-19
	53. OMNICARE INC		2012-12-13	2014-02-21
	27. OMNICARE INC			2014-02-21
	3. INTERCONTINENTAL EXCHANGE INC		2013-12-05	2014-02-28
	19. INTERCONTINENTAL EXCHANGE INC			2014-02-28
	25. DELTA AIR LINES INC		2013-07-02	2014-03-04
	47. GENERAL ELEC CO COM		2010-01-28	2014-03-04
	56. QUESTCOR PHARMACEUTICALS INC			2014-03-04
	16. PROCTER & GAMBLE CO			2014-03-07
	32. ROGERS COMMUNICATIONS INC CL B		2013-04-26	2014-03-07
	20. ROGERS COMMUNICATIONS INC CL B			2014-03-07
	3. PVH CORP		2013-12-05	2014-03-13
	17. PVH CORP		2012-10-16	2014-03-13
	11. PROCTER & GAMBLE CO		2012-11-30	2014-03-13
	16. HELMERICH & PAYNE INC COM		2013-02-26	2014-03-19
	31. NORFOLK SOUTHN CORP COM		2014-02-06	2014-03-19
	4. PPG INDS INC COM		2013-11-08	2014-03-19
	12. PPG INDS INC COM			2014-03-20
	1. WACHOVIA CORP		2001-01-01	2014-03-24
	4. CHUBB CORP COM		2013-12-05	2014-03-27
	38. CHUBB CORP COM			2014-03-27
	72. MSCI INC			2014-03-27
	19. MSCI INC		2014-01-21	2014-03-27
	7. HALLIBURTON CO		2013-12-05	2014-04-01
	53. HALLIBURTON CO		2012-08-15	2014-04-01
	29. GOLDMAN SACHS GROUP INC COM			2014-04-11
	4. GOLDMAN SACHS GROUP INC COM		2013-12-05	2014-04-11
	182. FIFTH THIRD BANCORP			2014-04-29
	93. FIFTH THIRD BANCORP			2014-04-29
	19. JAZZ PHARMACEUTICALS PLC SEDOL B4Q5ZN4			2014-05-14
	36. CHEVRON CORPORATION			2014-05-27
	65. METHANEX CORP SEDOL 2654416			2014-06-04
	9. AETNA INC NEW		2013-05-14	2014-06-11
	10. ALLSTATE CORP		2013-02-20	2014-06-11
	5. AMGEN INC		2013-12-13	2014-06-11
	12. APPLE INC		2013-09-24	2014-06-11
	4. BOEING CO			2014-06-11
	10. CVS CAREMARK CORP		2013-05-14	2014-06-11
	3. CHEVRON CORPORATION		2013-02-26	2014-06-11
	38. CISCO SYS INC COM			2014-06-11
	12. COCA COLA ENTERPRISES		2011-12-05	2014-06-11
	8. COMCAST CORPORATION CL A		2010-01-08	2014-06-11
	13. CONOCOPHILLIPS		2013-08-30	2014-06-11
	19. DELTA AIR LINES INC		2013-07-02	2014-06-11
	7. DISNEY WALT CO		2012-06-04	2014-06-11
	14. DISCOVER FINANCIAL W/I		2011-03-25	2014-06-11
	5. EASTMAN CHEM CO		2014-06-04	2014-06-11
	7. EXTRA SPACE STORAGE INC		2013-10-11	2014-06-11
	13. EXXON MOBIL CORP		2012-06-27	2014-06-11
	9. FOOT LOCKER INC		2014-03-13	2014-06-11
	8. FRANKLIN RES INC COM		2011-05-17	2014-06-11
	36. GENERAL ELEC CO COM			2014-06-11
	6. HANESBRANDS INC - W/I		2014-02-19	2014-06-11
	7. HELMERICH & PAYNE INC COM		2013-02-26	2014-06-11
	166. ISHARES TR RUSSELL 1000 GROWTH INDEX FD		2013-06-07	2014-06-11
	24. J P MORGAN CHASE & CO COM		2009-03-24	2014-06-11
	12. JOHNSON & JOHNSON COM		2011-05-17	2014-06-11
	15. KKR & CO LP		2014-01-21	2014-06-11
	5. L-3 COMMUNICATIONS HLDGS INC COM		2014-03-19	2014-06-11
	12. LEVEL 3 COMMUNICATIONS INC		2014-03-07	2014-06-11
	17. LINCOLN NATIONAL CORP		2013-04-15	2014-06-11
	6. MAGNA INTERNATIONAL ISIN CA5592224011		2013-06-14	2014-06-11
	7. MANPOWER GROUP INC		2013-10-18	2014-06-11
	3. MCKESSON HBOC INC COMMN		2013-10-14	2014-06-11
	14. MERCK & CO INC		2014-01-27	2014-06-11
	13. METLIFE INC COM		2012-08-23	2014-06-11
	9. NATIONAL FUEL GAS CO N J COM		2013-05-09	2014-06-11
	8. PACKAGING CORP OF AMERICA COM			2014-06-11
	18. PFIZER INC COM		2010-08-12	2014-06-11
	6. PROCTER & GAMBLE CO		2012-11-30	2014-06-11
	13. QUANTA SVCS INC		2014-03-04	2014-06-11
	70. REGIONS FINANCIAL CORP		2013-04-26	2014-06-11
	11. ST JUDE MEDICAL INC		2013-01-18	2014-06-11
	5. SANDISK CORP		2013-11-29	2014-06-11
	6. SCHLUMBERGER LTD COM		2014-04-01	2014-06-11
	10. SUNCOR ENERGY INC ISIN CA8672241079 SEDOL B3NB1P2		2014-05-27	2014-06-11
	21. SUNTRUST BANKS INC COM		2014-02-06	2014-06-11
	8. TIME WARNER INC		2013-12-18	2014-06-11
	8. THE TRAVELERS COS INC		2014-04-29	2014-06-11
	5. UNION PAC CORP COM		2010-04-29	2014-06-11
	6. UNITED RENTALS INC COM		2013-01-10	2014-06-11
	3. UNITED TECHNOLOGIES CORP COM		2009-08-25	2014-06-11
	13. VALERO ENERGY CORP NEW COM		2013-12-03	2014-06-11
	7. VERIZON COMMUNICATIONS COM		2013-04-26	2014-06-11
	2. VISA INC CLASS A SHARES		2011-08-16	2014-06-11
	31. WELLS FARGO & CO NEW COM		2009-04-17	2014-06-11
	7. WHITING PETROLEUM CORP		2013-04-15	2014-06-11
	16. WISCONSIN ENERGY CORP		2009-02-19	2014-06-11
	6. WYNDHAM WORLDWIDE CORP		2011-06-28	2014-06-11
	2. WYNN RESORTS LTD			2014-06-11
	9. YAHOO! INC COM		2013-07-02	2014-06-11
	6. ZIMMER HOLDINGS INC		2014-02-21	2014-06-11
	7. ACE LIMITED ISIN CH0044328745 SEDOL B3BQMF6		2014-02-28	2014-06-11
	9. TE CONNECTIVITY LTD SEDOL B62B7C3 ISIN CH0102993182		2014-01-27	2014-06-11
	8. TIME INC-W/I			2014-06-16
	5. AETNA INC NEW		2013-05-14	2014-06-18
	5. ALLSTATE CORP		2013-02-20	2014-06-18
	3. AMGEN INC		2013-12-13	2014-06-18
	6. APPLE INC		2013-09-24	2014-06-18
	2. BOEING CO		2012-07-30	2014-06-18
	5. CVS CAREMARK CORP		2013-05-14	2014-06-18
	2. CHEVRON CORPORATION		2013-02-26	2014-06-18
	19. CISCO SYS INC COM		2012-02-17	2014-06-18
	6. COCA COLA ENTERPRISES		2011-12-05	2014-06-18
	4. COMCAST CORPORATION CL A		2010-01-08	2014-06-18
	6. CONOCOPHILLIPS		2013-08-30	2014-06-18
	9. DELTA AIR LINES INC		2013-07-02	2014-06-18
	3. DISNEY WALT CO			2014-06-18
	7. DISCOVER FINANCIAL W/I		2011-03-25	2014-06-18
	3. EASTMAN CHEM CO		2014-06-04	2014-06-18
	3. EXTRA SPACE STORAGE INC		2013-10-11	2014-06-18
	7. EXXON MOBIL CORP		2012-06-27	2014-06-18
	4. FOOT LOCKER INC		2014-03-13	2014-06-18
	4. FRANKLIN RES INC COM		2011-05-17	2014-06-18
	18. GENERAL ELEC CO COM		2010-05-03	2014-06-18
	3. HANESBRANDS INC - W/I		2014-02-19	2014-06-18
	2. HELMERICH & PAYNE INC COM		2013-08-07	2014-06-18
	1. HELMERICH & PAYNE INC COM		2013-02-26	2014-06-18
	12. J P MORGAN CHASE & CO COM		2009-03-24	2014-06-18
	6. JOHNSON & JOHNSON COM		2011-05-17	2014-06-18
	7. KKR & CO LP		2014-01-21	2014-06-18
	2. L-3 COMMUNICATIONS HLDGS INC COM		2014-03-19	2014-06-18
	6. LEVEL 3 COMMUNICATIONS INC		2014-03-07	2014-06-18
	9. LINCOLN NATIONAL CORP		2013-04-15	2014-06-18
	3. MAGNA INTERNATIONAL ISIN CA5592224011		2013-06-14	2014-06-18
	3. MANPOWER GROUP INC		2013-10-18	2014-06-18
	1. MCKESSON HBOC INC COMMN		2013-10-14	2014-06-18
	7. MERCK & CO INC		2014-01-27	2014-06-18
	7. METLIFE INC COM		2012-08-23	2014-06-18
	4. NATIONAL FUEL GAS CO N J COM		2013-05-09	2014-06-18
	4. PACKAGING CORP OF AMERICA COM		2014-03-20	2014-06-18
	8. PFIZER INC COM		2010-08-12	2014-06-18
	3. PROCTER & GAMBLE CO		2012-11-30	2014-06-18
	6. QUANTA SVCS INC		2014-03-04	2014-06-18
	36. REGIONS FINANCIAL CORP		2013-04-26	2014-06-18
	5. ST JUDE MEDICAL INC		2013-01-18	2014-06-18
	3. SANDISK CORP		2013-11-29	2014-06-18
	3. SCHLUMBERGER LTD COM		2014-04-01	2014-06-18
	5. SUNCOR ENERGY INC ISIN CA8672241079 SEDOL B3NB1P2		2014-05-27	2014-06-18
	10. SUNTRUST BANKS INC COM		2014-02-06	2014-06-18
	.25 TIME INC-W/I		2013-12-18	2014-06-18
	4. TIME WARNER INC		2013-12-18	2014-06-18
	4. THE TRAVELERS COS INC		2014-04-29	2014-06-18
	2. UNION PAC CORP COM		2010-04-29	2014-06-18
	3. UNITED RENTALS INC COM		2013-01-10	2014-06-18
	2. UNITED TECHNOLOGIES CORP COM		2009-08-25	2014-06-18
	6. VALERO ENERGY CORP NEW COM		2013-12-03	2014-06-18
	3. VERIZON COMMUNICATIONS COM		2013-04-26	2014-06-18
	1. VISA INC CLASS A SHARES		2011-08-16	2014-06-18
	16. WELLS FARGO & CO NEW COM			2014-06-18
	3. WHITING PETROLEUM CORP		2013-04-15	2014-06-18
	8. WISCONSIN ENERGY CORP			2014-06-18
	3. WYNDHAM WORLDWIDE CORP		2011-06-28	2014-06-18
	1. WYNN RESORTS LTD		2013-05-31	2014-06-18
	5. YAHOO! INC COM		2013-07-02	2014-06-18
	3. ZIMMER HOLDINGS INC		2014-02-21	2014-06-18
	4. ACE LIMITED ISIN CH0044328745 SEDOL B3BQMF6		2014-02-28	2014-06-18
	5. TE CONNECTIVITY LTD SEDOL B62B7C3 ISIN CH0102993182		2014-01-27	2014-06-18
	74. METLIFE INC COM			2014-06-20
	11. METLIFE INC COM		2013-12-05	2014-06-20
	61. YAHOO! INC COM			2014-06-23
	32. APPLE INC			2014-07-09
	6. MAGNA INTERNATIONAL ISIN CA5592224011		2013-06-14	2014-07-09
	8. MAGNA INTERNATIONAL ISIN CA5592224011		2013-06-14	2014-07-09
	81. VALERO ENERGY CORP NEW COM			2014-07-09
	7. VERIZON COMMUNICATIONS COM		2013-12-05	2014-07-09
	37. VERIZON COMMUNICATIONS COM		2013-04-26	2014-07-09
	3. WYNN RESORTS LTD		2013-05-31	2014-07-09
	1. CITIGROUP INC		2001-01-01	2014-07-28
	98. KKR & CO LP			2014-07-28
	17. UNITED TECHNOLOGIES CORP COM		2009-08-25	2014-07-28
	3. UNITED TECHNOLOGIES CORP COM		2013-12-05	2014-07-28
	10. WYNN RESORTS LTD		2013-05-31	2014-08-01
	3. WYNN RESORTS LTD		2013-12-05	2014-08-01
	32. L-3 COMMUNICATIONS HLDGS INC COM			2014-08-04
	7. FRANKLIN RES INC COM		2013-12-05	2014-08-06
	48. FRANKLIN RES INC COM			2014-08-06
	41. ZIMMER HOLDINGS INC		2014-02-21	2014-08-06
	70. SUNCOR ENERGY INC ISIN CA8672241079 SEDOL B3NB1P2			2014-08-13
	28. SUNCOR ENERGY INC ISIN CA8672241079 SEDOL B3NB1P2		2014-07-09	2014-08-13
	1. COUNTRYWIDE CAPITAL PFD 7.0% 11/01/36		2001-01-01	2014-08-25
	36. SANDISK CORP			2014-08-26
	44. MERCK & CO INC			2014-08-27
	2. VISA INC CLASS A SHARES		2013-12-05	2014-08-29
	12. VISA INC CLASS A SHARES			2014-08-29
	2. SUNTRUST BANKS INC COM		2014-02-06	2014-09-12
	55. SUNTRUST BANKS INC COM		2014-02-06	2014-09-12
	37. SUNTRUST BANKS INC COM			2014-09-12
	8. SUNTRUST BANKS INC COM		2014-03-27	2014-09-15
	9. SUNTRUST BANKS INC COM			2014-09-15
	23. SUNTRUST BANKS INC COM		2014-04-11	2014-09-15
	43. MERCK & CO INC		2014-02-06	2014-09-22
	29. COCA COLA ENTERPRISES			2014-10-10
	48. COCA COLA ENTERPRISES			2014-10-10
	15. HELMERICH & PAYNE INC COM		2013-08-07	2014-10-10
	26. HESS CORPORATION		2014-08-13	2014-10-10
	43. MANPOWER GROUP INC			2014-10-10
	8. WHITING PETROLEUM CORP			2014-10-10
	7. HANESBRANDS INC - W/I		2014-02-19	2014-10-15
	27. WHITING PETROLEUM CORP		2013-07-31	2014-10-15
	7. WHITING PETROLEUM CORP		2013-12-05	2014-10-15
	34. BLACKSTONE GROUP LP THE		2014-07-28	2014-10-17
	72. BLACKSTONE GROUP LP THE			2014-10-17
	18. HELMERICH & PAYNE INC COM		2013-08-07	2014-11-18
	10. HELMERICH & PAYNE INC COM		2013-12-05	2014-11-18
	60. TRINITY INDUSTRIES INC		2014-07-28	2014-12-03
	80. QUANTA SVCS INC		2014-03-04	2014-12-12
	2. QUANTA SVCS INC		2014-03-04	2014-12-12
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	982	1,109	-127
b	2,124	2,408	-284
c	4,282	4,069	213
d	2,378	2,063	315
e	273	264	9
	1,594	1,082	512
	2,689	1,331	1,358
	5,331	4,277	1,054
	2,113	2,271	-158
	2,754	3,163	-409
	3,112	1,953	1,159
	3,244	1,905	1,339
	1,652	1,490	162
	626	635	-9
	3,966	2,391	1,575
	857	477	380
	1,203	763	440
	3,654	3,281	373
	1,252	995	257
	1,246	1,575	-329
	782	959	-177
	350	392	-42
	1,982	1,651	331
	874	767	107
	1,645	1,032	613
	3,022	2,896	126
	781	725	56
	2,337	2,173	164
	46	25	21
	348	374	-26
	3,309	2,234	1,075
	3,007	2,992	15
	797	848	-51
	414	354	60
	3,138	1,822	1,316
	4,439	4,019	420
	612	667	-55
	3,721	2,641	1,080
	1,901	2,003	-102
	2,457	1,548	909
	4,423	2,548	1,875
	3,715	3,911	-196
	729	535	194
	590	467	123
	582	560	22
	1,126	841	285
	536	300	236
	773	596	177
	376	345	31
	951	699	252
	537	315	222
	421	136	285
	1,065	863	202
	774	363	411
	590	311	279
	859	338	521
	445	451	-6
	372	332	40
	1,325	1,084	241
	446	413	33
	450	335	115
	977	679	298
	515	439	76
	779	451	328
	14,931	12,373	2,558
	1,373	675	698
	1,240	793	447
	363	399	-36
	628	582	46
	509	452	57
	862	548	314
	647	418	229
	599	555	44
	562	414	148
	824	744	80
	713	450	263
	667	561	106
	564	568	-4
	530	291	239
	480	419	61
	448	465	-17
	750	587	163
	718	435	283
	498	341	157
	639	586	53
	407	386	21
	846	788	58
	551	512	39
	759	726	33
	511	195	316
	642	289	353
	355	180	175
	692	605	87
	346	374	-28
	426	171	255
	1,619	631	988
	539	324	215
	714	339	375
	441	200	241
	402	277	125
	330	226	104
	635	575	60
	729	685	44
	558	518	40
	185	178	7
	399	297	102
	295	233	62
	349	336	13
	550	420	130
	263	150	113
	382	298	84
	258	230	28
	467	384	83
	274	158	116
	209	68	141
	502	398	104
	354	172	182
	249	141	108
	428	169	259
	261	271	-10
	159	142	17
	717	584	133
	198	183	15
	227	167	60
	481	347	134
	261	220	41
	227	134	93
	114	64	50
	686	338	348
	612	397	215
	168	185	-17
	247	233	14
	264	226	38
	465	290	175
	323	209	114
	251	238	13
	183	138	45
	406	372	34
	393	242	151
	306	249	57
	279	287	-8
	235	129	106
	238	209	29
	202	214	-12
	384	302	82
	331	198	133
	306	205	101
	318	293	25
	213	193	20
	401	375	26
	6	5	1
	273	256	17
	381	363	18
	199	78	121
	312	144	168
	232	120	112
	324	279	45
	147	160	-13
	210	86	124
	828	320	508
	239	139	100
	367	153	214
	218	100	118
	198	137	61
	171	126	45
	314	288	26
	416	391	25
	306	288	18
	4,176	2,629	1,547
	621	562	59
	2,051	1,882	169
	3,052	2,221	831
	654	418	236
	875	558	317
	3,986	3,737	249
	342	340	2
	1,808	1,979	-171
	614	411	203
	81	25	56
	2,395	2,625	-230
	1,847	1,019	828
	326	327	-1
	2,099	1,372	727
	630	509	121
	3,343	3,725	-382
	379	379
	2,602	1,871	731
	3,960	3,931	29
	2,705	2,723	-18
	1,082	1,198	-116
	66		66
	3,542	2,453	1,089
	2,654	2,344	310
	427	404	23
	2,559	1,165	1,394
	78	75	3
	2,151	2,065	86
	1,449	1,400	49
	313	312	1
	351	349	2
	900	871	29
	2,607	2,310	297
	1,208	1,301	-93
	1,999	1,335	664
	1,263	1,004	259
	2,170	2,582	-412
	2,691	3,436	-745
	510	376	134
	710	513	197
	1,497	1,398	99
	388	428	-40
	1,003	1,176	-173
	2,107	2,456	-349
	1,409	1,205	204
	783	803	-20
	1,900	2,694	-794
	2,148	2,858	-710
	54	71	-17
			17,486

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			-127
b			-284
c			213
d			315
e			9
			512
			1,358
			1,054
			-158
			-409
			1,159
			1,339
			162
			-9
			1,575
			380
			440
			373
			257
			-329
			-177
			-42
			331
			107
			613
			126
			56
			164
			21
			-26
			1,075
			15
			-51
			60
			1,316
			420
			-55
			1,080
			-102
			909
			1,875
			-196
			194
			123
			22
			285
			236
			177
			31
			252
			222
			285
			202
			411
			279
			521
			-6
			40
			241
			33
			115
			298
			76
			328
			2,558
			698
			447
			-36
			46
			57
			314
			229
			44
			148
			80
			263
			106
			-4
			239
			61
			-17
			163
			283
			157
			53
			21
			58
			39
			33
			316
			353
			175
			87
			-28
			255
			988
			215
			375
			241
			125
			104
			60
			44
			40
			7
			102
			62
			13
			130
			113
			84
			28
			83
			116
			141
			104
			182
			108
			259
			-10
			17
			133
			15
			60
			134
			41
			93
			50
			348
			215
			-17
			14
			38
			175
			114
			13
			45
			34
			151
			57
			-8
			106
			29
			-12
			82
			133
			101
			25
			20
			26
			1
			17
			18
			121
			168
			112
			45
			-13
			124
			508
			100
			214
			118
			61
			45
			26
			25
			18
			1,547
			59
			169
			831
			236
			317
			249
			2
			-171
			203
			56
			-230
			828
			-1
			727
			121
			-382

			731
			29
			-18
			-116
			66
			1,089
			310
			23
			1,394
			3
			86
			49
			1
			2
			29
			297
			-93
			664
			259
			-412
			-745
			134
			197
			99
			-40
			-173
			-349
			204
			-20
			-794
			-710
			-17

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	58,792
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 . . . . . . . . . . . . . . . .		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? Yes No

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	53,017	1,174,881	0.045125
2012	51,846	1,094,924	0.047351
2011	47,415	1,082,373	0.043807
2010	45,786	1,008,149	0.045416
2009	51,920	943,637	0.055021

2	Total of line 1, column (d) ......................	2	0.23672
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	0.047344
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	1,267,762
5	Multiply line 4 by line 3.......................	5	60,021
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	787
7	Add lines 5 and 6.........................	7	60,808
8	Enter qualifying distributions from Part XII, line 4..............	8	73,184
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	787
	hereand 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	787
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	787
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	3,108
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	3,108
8	Enter any penalty for underpayment of estimated tax. Check hereif 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,321
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax394	Refunded	11	1,927

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

PNC BANK NA Telephone no. bullet

(412) 768-5892

Located at bullet

620 LIBERTY AVENUE 10TH FLOORPITTSBURGHPA ZIP+4 bullet

152222705

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
JOEL SIMON	TRUSTEE 0	0
C/O PNC BANK TWO HOPKINS PLAZA BALTIMORE,MD21202	TRUSTEE 0	0
MALINDA SMALL	TRUSTEE 0	0
C/O PNC BANK TWO HOPKINS PLAZA BALTIMORE,MD21202	TRUSTEE 0	0
MICHAEL CATHER	TRUSTEE/SECRETARY 0	0
C/O PNC BANK TWO HOPKINS PLAZA BALTIMORE,MD21202	TRUSTEE/SECRETARY 0	0
PNC BANK NA	TRUSTEE 1	8,502
620 LIBERTY AVENUE PITTSBURGH,PA15222	TRUSTEE 1	8,502
SARAH FAWCETT-LEE	TRUSTEE 0	0
C/O PNC BANK TWO HOPKINS PLAZA BALTIMORE,MD21202	TRUSTEE 0	0
THOMAS TRZCINSKI	TRUSTEE/CHAIRMAN 0	0
C/O PNC BANK TWO HOPKINS PLAZA BALTIMORE,MD21202	TRUSTEE/CHAIRMAN 0	0

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










Total number of other employees paid over $50,000...................

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

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2014)

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,287,068

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,287,068

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,287,068

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

19,306

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,267,762

Minimum investment return. Enter 5% of line 5..................

63,388

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

63,388

Tax on investment income for 2014 from Part VI, line 5......

787

Income tax for 2014. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

787

Distributable amount before adjustments. Subtract line 2c from line 1............

62,601

Recoveries of amounts treated as qualifying distributions................

17,535

Add lines 3 and 4............................

80,136

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

80,136

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

73,184

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

73,184

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).................

787

Adjusted qualifying distributions. Subtract line 5 from line 4..............

72,397

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)

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					80,136
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				55,226
b Total for prior years:20, 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: $ 73,184
a Applied to 2013, but not more than line 2a					55,226
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.....					17,958
e Remaining amount distributed out of corpus		0
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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					62,178
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2010....	0
b Excess from 2011....	0
c Excess from 2012....	0
d Excess from 2013....	0
e Excess from 2014....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

PNC CHARITABLE TRUST GRANT REVIEW C
PNC BANK 249 FIFTH AVENUE 20TH FL
PITTSBURGH,PA15222
(412) 768-8248

bThe form in which applications should be submitted and information and materials they should include:

SEE: WWW.PNCSITES.COM/PNCFOUNDATION/CHARITABLE_TRUSTS.HTML ORGANIZATIONS INTERESTED IN SUBMITTING A GRANT PROPOSAL ARE URGED TO CONTACT THE CHARITABLE TRUST GRANT REVIEW COMMITTEE

cAny submission deadlines:

WWW.PNCSITES.COM/PNCFOUNDAITON/CHARITABLE_TRUSTS.HTML FOR SPECIFIC INFORMATION

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE: WWW.PNCSITES.COM/PNCFOUNDATION/CHARITABLE_TRUSTS.HTML FOR SPECIFIC INFORMATION.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SINAI HOSPITAL OF BALTIMORE INC 2401 W BELVEDERE AVE BALTIMORE,MD212155201	NONE	PC	FLEXIBLE CYSTOSCOPE AND	7,889
THE JOHNS HOPKINS HOSPITAL 1100 E 33RD ST C040 BALTIMORE,MD21218	NONE	PC	COVER UNINSURED COST OF LOW	16,657
UNION MEMORIAL HOSPITAL 201 E UNIVERSITY PKWY BALTIMORE,MD212182829	NONE	PC	EMERGENCY CARE, CARDIAC	7,889
ST AGNES HOSPITAL FOUNDATION INC 900 CATON AVE BOX 123 BALTIMORE,MD212295201	NONE	PC	PHYSICAL AND OCCUPATIONAL	7,889
GILCHRIST HOSPICE CARE INC 555 W TOWSONTOWN BLVD TOWSON,MD21204	NONE	PC	END OF LIFE CARE	7,889
UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION INC 22 S GREENE ST BALTIMORE,MD21201	NONE	PC	GENERAL USE AND PURPOSES	7,889
UNITED STATES CONFERENCE OF CATHOLIC BISHOPS 3211 4TH STREET NE WASHINGTON,DC200171194	NONE	PC	MERCY HEALTH SERVICES	16,657
Total ................................. 3a				72,759

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
aRECOVERY OF GRANTS					17,535
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	27,771
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	58,792
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aKKR & CO LP			14	109
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				86,672	17,535

13Total. Add line 12, columns (b), (d), and (e)..................

13104,207

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
1A	RETURN OF QUALIFYING DISTRIBUTIONS

Form 990-PF (2014)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

WHITE MEMORIAL FUND

EIN: 52-6332718

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MUTUAL FUND EQUITY	AT COST	483,346	570,863
MUTUAL FUND FIXED	AT COST	395,219	386,705
MUTUAL FUND BALANCED	AT COST	24,700	24,040

- TIN:

TY 2014 OtherDecreasesSchedule

Name:

WHITE MEMORIAL FUND

EIN: 52-6332718

Description	Amount

- TIN:

TY 2014 OtherExpensesSchedule

Name:

WHITE MEMORIAL FUND

EIN: 52-6332718

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PARTNERSHIP - EXPENSE		3		0

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

WHITE MEMORIAL FUND

EIN: 52-6332718

Description	Revenue And Expenses Per Books	Net Investment Income
KKR & CO LP	109	0
RECOVERY OF GRANTS	17,535	0
BLACKSTONE GROUP LP THE		25
KKR & CO LP PARTNERSHIP INFORMATION		143

- TIN:

TY 2014 OtherIncreasesSchedule

Name:

WHITE MEMORIAL FUND

EIN: 52-6332718

Description	Amount

- TIN:

TY 2014 TaxesSchedule

Name:

WHITE MEMORIAL FUND

EIN: 52-6332718

Category	Amount	Net Investment Income
FOREIGN TAXES	30	30
FEDERAL TAX PAYMENT - PRIOR YE	2,066	0
FEDERAL ESTIMATES - PRINCIPAL	3,108	0