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
Muna & Basem Hishmeh Foundation Inc

% MUNA & BASEM HISHMEH FDN

Number and street (or P.O. box number if mail is not delivered to street address)1850 S Ocean DriveSuite 3104Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Hallandale Beach, FL33009

A Employer identification number

65-1270242

B Telephone number (see instructions)

(954) 458-1778

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

$5,080,714J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............	500,000
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	262		262
4	Dividends and interest from securities......	98,259		98,259
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		358,047
b	Gross sales price for all assets on line 6a 1,604,503
7	Capital gain net income (from Part IV, line 2)...			358,047
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	956,568		456,568
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		91,112	91,112
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		15,386	3,615
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		28,764	1,387	27,377
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	135,262		96,114	27,377
25	Contributions, gifts, grants paid........	250,000			250,000
26	Total expenses and disbursements. Add lines 24 and 25	385,262		96,114	277,377
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	571,306
b	Net investment income (if negative, enter -0-)			360,454
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2014)

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	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..........	414,589	485,498	485,498
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	200,278	220,164	218,471
	b	Investments—corporate stock (attach schedule)........	2,838,992	3,319,503	4,376,745
	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)...........
	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)	3,453,859	4,025,165	5,080,714
	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.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	3,453,859	4,025,165
	30	Total net assets or fund balances (see instructions)......	3,453,859	4,025,165
	31	Total liabilities and net assets/fund balances (see instructions)..	3,453,859	4,025,165

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	3,453,859
2	Enter amount from Part I, line 27a.....................	2	571,306
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	4,025,165
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,025,165

Form 990-PF (2014)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,604,503	1,246,456	358,047
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			358,047
b
c
d
e

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	358,047
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	256,080	4,092,704	0.06257
2012	334,934	3,691,463	0.090732
2011	397,683	3,885,823	0.102342
2010	274,946	3,855,626	0.07131
2009	233,833	3,632,227	0.064377

2	Total of line 1, column (d) ......................	2	0.391331
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	0.078266
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	4,446,789
5	Multiply line 4 by line 3.......................	5	348,032
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	3,605
7	Add lines 5 and 6.........................	7	351,637
8	Enter qualifying distributions from Part XII, line 4..............	8	277,377
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	7,209
	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
3	Add lines 1 and 2...........................	3	7,209
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	7,209
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	6,100
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	6,100
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,109
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

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

The books are in care of bullet

MUNA & BASEM HISHMEH FDN Telephone no. bullet

(954) 458-1778

Located at bullet

1850 S Ocean Drive Unit 3104Hallendale BeachFL ZIP+4 bullet

33009

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). Click to see attachment

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
Basem L Hishmeh	Pres / Dir 1.0	0
1850 S Ocean Drive Hallandale Beach,FL33009	Pres / Dir 1.0	0
Muna Hishmeh	Dir / Sec 1.0	0
1850 S Ocean Drive Hallandale Beach,FL33009	Dir / Sec 1.0	0
Robert Hishmeh	Dir / Treas 1.0	0
1850 S Ocean Drive Hallandale Beach,FL33009	Dir / Treas 1.0	0
Amal Ibrahimaj	VP / Dir 1.0	0
1850 S Ocean Drive Hallandale Beach,FL33009	VP / Dir 1.0	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
UBS Financial Services	Investment Mgmt	91,112
7700 Wisconsin Ave Suite 300 Bethesda,MD20814	Investment Mgmt	91,112

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

4,179,021

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

335,486

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

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

4,514,507

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

4,514,507

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

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

67,718

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

4,446,789

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

222,339

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

222,339

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

7,209

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

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

7,209

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

215,130

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

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

215,130

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

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

215,130

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 ..........

277,377

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

277,377

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

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

277,377

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	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7			215,130
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......
b Total for prior years:2012, 2011, 2010
3 Excess distributions carryover, if any, to 2014:
a From 2009.......
b From 2010.......	84,609
c From 2011.......	205,664
d From 2012.......	150,647
e From 2013.......	57,516
fTotal of lines 3a through e.........		498,436
4Qualifying distributions for 2014 from Part
XII, line 4: $ 277,377
a Applied to 2013, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions).........
d Applied to 2014 distributable amount.....			215,130
e Remaining amount distributed out of corpus		62,247
5 Excess distributions carryover applied to 2014.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		560,683
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		560,683
10 Analysis of line 9:
a Excess from 2010....	84,609
b Excess from 2011....	205,664
c Excess from 2012....	150,647
d Excess from 2013....	57,516
e Excess from 2014....	62,247

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).)

BASEM L HISHMEH

MUNA HISHMEH

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 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)

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
AL KAMANDJATI ASSOCIATION PO BOX 943 RAMALLAH,PALESTINE IS	N/A	NC	Expenditure Responsibility Grant	10,000
ARAB COMMUNITY CENTER FOR ECONOMIC & SOCIAL SVC 2651 SAULINO CT DEARBORN,MI48120	N/A	PC	Free Craft Sundays Program	5,000
ARAB COMMUNITY CENTER FOR ECONOMIC & SOCIAL SVC 2651 SAULINO CT DEARBORN,MI48120	N/A	PC	SURA Arts Academy project	10,000
CUYAHOGA VALLEY YOUTH BALLET PO BOX 3131 CUYAHOGA FLS,OH44223	N/A	PC	Reach Out and Dance Programming Support	2,500
EDWARD SAID NATIONAL CONSERVATORY OF MUSIC AL ZAHRA ST NO 20 PO BOX 66676 JERUSALEM,Palestine IS	N/A	PC	General & Unrestricted	40,000
FIRST RAMALLAH GROUP School of Dance Program AL-TIREH ST PO BOX 2017 RAMALLAH,PALESTINE IS	N/A	NC	Expenditure Responsibility Grant	30,000
FREE ARTS FOR ABUSED CHILDREN OF NEW YORK CITY INC 1431 BROADWAY FL 7 NEW YORK,NY10018	N/A	PC	General & Unrestricted	15,000
NATIONAL DANCE INSTITUTE INC 217 W 147TH ST NEW YORK,NY10039	N/A	PC	Irene Diamond Summer Institute	15,000
NEW 42ND STREET INC 229 W 42ND ST NEW YORK,NY10036	N/A	PC	New Victory Children's Education Program	15,000
PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK INC 10 LINCOLN CENTER PLZ NEW YORK,NY10023	N/A	PC	very young composers and free concerts	35,000
RAWDAT EL-ZUHUR Music Art and Drama Program PO BOX 19796 JERUSALEM,PALESTINE IS	N/A	NC	Expenditure Responsibility Grant	20,000
ROUNDABOUT THEATRE COMPANY INC 231 W 39TH ST STE 1200 NEW YORK,NY10018	N/A	PC	youth education	15,000
THE MUSICAL ARTS ASSOCIATION 11001 EUCLID AVE CLEVELAND,OH44106	N/A	PC	Learning Through Music Program	2,500
THE ORTHODOX CLUB AL-MAAHAD ST PO BOX 761 RAMALLAH,PALESTINE IS	N/A	NC	Expenditure Responsibility Grant	10,000
THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FDN 300 POMPTON RD WAYNE,NJ07470	N/A	PC	Paterson Middle School System Music project and exchange activities with ESNCM Program	25,000
Total ................................. 3a				250,000

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.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............			14	262
4 Dividends and interest from securities....			14	98,259
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	358,047
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)..				456,568

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

13456,568

(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.)

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:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

Muna & Basem Hishmeh Foundation Inc

Employer identification number

65-1270242

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization Muna & Basem Hishmeh Foundation Inc

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Hishmeh Basem L 1850 S Ocean Drive Unit 3104 Hallandale Beach, FL33009	$500,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization Muna & Basem Hishmeh Foundation Inc

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
Muna & Basem Hishmeh Foundation Inc

Employer identification number

65-1270242

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:
Software Version:

- TIN:

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

TY 2014 DepreciationSchedule

Name:

Muna & Basem Hishmeh Foundation Inc

EIN: 65-1270242

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

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

TY 2014 ExpenditureResponsibilityStmt

Name:

Muna & Basem Hishmeh Foundation Inc

EIN: 65-1270242

Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Results of Verification
PO Box 19796 E Jerusalem,Palestine IS	2013-02-21	20,000	Funding for Music, Art and Drama Program for Children with Learning difficulties	20,000	NO	4/12/14	None Necessary
PO Box 19796 E Jerusalem,Palestine IS	2014-02-21	20,000	Funding for Music, Art and Drama Program for Children with learning difficulties	20,000	NO	1/29/15	None Necessary
PO Box 2017 Ramallah,Palestine IS	2013-02-21	30,000	Funding for School of Dance	30,000	NO	7/23/14	None Necessary
PO Box 2017 Ramallah,Palestine IS	2014-03-06	30,000	Funding for School of Dance		NO	Expected in 2015	None Necessary
PO Box 761 Ramallah,Palestine IS	2013-02-21	10,000	Funding for Children's Dancing and Musical Program	10,000	NO	7/21/14	None Necessary
PO box 761 Ramallah,Palestine IS	2014-02-27	10,000	Funding for Children's Dancing and Musical Programs		NO	Expected in 2015	None Necessary
PO box 943 Ramallah,Palestine IS	2014-03-06	10,000	To support the Music Education Program	10,000	NO	2/2/15	None Necessary

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

Muna & Basem Hishmeh Foundation Inc

EIN: 65-1270242

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	12,724	24,648
ABB LTD.	14,009	13,346
ABBVIE INC.	5,324	11,452
ACCOR SA LTD S/ADR	13,473	12,422
ACTAVIS PLC	16,474	16,732
ADT LTD.	9,609	10,217
AES CORP	13,844	15,257
AKZO NOBEL NV-ADR	16,104	16,142
ALASKA AIR GROUP INC	9,708	14,462
ALIBABA GROUP HOLDING LIMITED	18,065	17,254
ALLEGHENY TECH	14,799	13,873
ALLERGAN INC.	6,791	6,803
ALLIANZ SE ADR	14,046	15,659
ALLSTATE CORP	22,547	31,051
AMERICAN ELECTRIC POWER INC.	11,929	16,455
AMERICAN EXPRESS CO	18,463	30,052
AMERICAN TOWER REIT INC	14,690	19,671
AMERIPRISE FINANCIAL INC	12,169	28,566
AMGEN INC	9,200	9,557
ANHEUSER BUSCH COS INC	10,877	19,656
ANTHEM INC	27,943	34,182
APPLE INC.	36,488	55,190
APPLIED MATERIALS INC.	10,467	17,070
ARCHER DANIELS MDLND	10,677	13,572
ARM HOLDINGS PLC	9,490	10,186
ARROW ELECTRONICS INC.	14,224	13,720
ASML HOLDING NV NY REG SHS	11,825	14,018
ASTELLAS PHARMA INC	11,369	15,468
AT&T, INC	16,763	17,903
AUTOMATIC DATA PROCESSING INC.	9,441	17,091
AUTOZONE INC	4,890	14,859
AXA ADS	16,739	12,109
BAKER HUGHES INTL	28,877	27,530
BANK OF AMERICA CORP	25,114	28,588
BARCLAYS PLC ADR	29,642	20,714
BASF AG SPONS ADR	13,262	14,093
BAYER A G SPONSORED ADR	10,088	18,747
BECTON DICKINSON & CO	9,203	13,777
BED BATH & BEYOND INC.	14,090	14,625
BERKSHIRE HATHAWAY INC. CLASS	13,249	30,030
BG GROUP PLC ADS	26,415	18,731
BHP BILLITON LIMITED	26,899	18,786
BIOGEN IDEC INC	20,548	24,780
BLACKROCK INC	8,052	13,945
BNP PARIBAS SPONS ADR	20,982	16,600
BOEING CO	23,757	31,065
BRITISH AMERICAN TOBACCO PLC	10,025	15,203
BROADCOM CORPORATION	17,838	18,805
BURBERRY GROUP PLC	11,863	13,866
CAMERON INTERNATIONAL CORP	5,919	5,095
CANADIAN PACIFIC RAILWAY LTD	19,562	25,050
CAPITAL ONE FINANCIAL CORP	13,609	13,868
CATAMARAN CORP	12,300	14,645
CELGENE CORP	3,835	6,264
CENTRICA	7,298	6,058
CHARLES SCHWAB CORP	12,637	18,537
CHESAPEAKE ENERGY CORPORATION	4,486	4,423
CHEUNG KONG HLDGS LTD ADR	17,186	19,930
CHEVRON CORP	15,030	19,856
CHINA CONSTRUCT UNSPON ADR	6,383	7,106
CIGNA	11,580	18,318
CISCO SYSTEMS INC	40,902	56,308
CITIGROUP INC	27,398	36,741
CNOOC LTD ADS	7,108	5,959
COMCAST CORP	7,765	27,634
COMCAST CORP CL A	43,705	70,133
COMPAGNIE FINANCIERE RICHEMONT	9,444	14,307
CONOCOPHILLIPS	9,885	9,116
CORNING INC	10,423	14,515
CREDIT SUISSE GROUP ADR	20,657	14,546
CUMMINS INC	12,000	13,408
CVS CAREMARK CORP.	25,874	44,495
DANA HOLDING CP	15,070	19,501
DANAHER CORP	9,234	14,228
DBS GROUP HLDGS SPON ADR	10,361	13,940
DIAGEO PLC ADS	8,139	10,953
DOW CHEMICAL PV	9,048	8,255
DU PONT DE NEMOURS	3,939	8,873
DUKE ENERGY CO	8,258	12,949
EAST JAPAN RAILWAY C	10,790	11,652
EATON CORP PLC	6,151	7,951
EBAY INC.	3,987	7,239
ECOLAB INC	5,193	7,525
EDWARDS LIFESCIENCES	11,441	13,630
EMC CORP-MASS	22,501	31,822
ENSCO PLC	12,648	8,715
ESSILOR INTL ADR	5,380	5,564
EXPRESS SCRIPTS HOLDING CO.	12,868	14,140
EXXON MOBIL CORP	12,441	16,641
F5 NETWORKS, INC.	9,515	13,830
FACEBOOK INC	12,969	15,214
FANUC LIMITED UNSPONSORED	11,431	12,333
FOOT LOCKER INC N.Y. COM	13,362	13,764
FOREST CITY ENTERPRISES CL A	10,532	12,248
FRANKLIN RES INC	10,538	13,455
FRESENIUS MED CAR AG	9,040	10,028
GAP INC.	26,971	34,699
GENERAL ELECTRIC CO	30,553	39,194
GENERAL MILLS INC	8,234	12,799
GILEAD SCIENCES INC	12,544	33,085
GLAXOSMITHKLINE PLC	6,271	5,984
GOOGLE INC CL A	27,482	39,269
GOOGLE INC CL C	11,244	17,371
HALYARD HEALTH, INC.	432	909
HANESBRANDS INC	6,512	13,841
HANG LUNG PROPERTIES-SP ADR	10,465	7,663
HARTFORD FINANCIALSERVICES GRO	12,834	17,510
HENKEL KGAA PFD SHS ADR	6,725	10,251
HEWLETT PACKARD CO	16,347	18,781
HOME DEPOT INC.	26,827	64,976
HONDA MOTOR CO LTD	15,167	14,229
HONEYWELL INTERNATIONAL INC.	14,574	20,683
HSBC HOLDINGS PLC	32,443	28,102
IMPERIAL TOBACCO GRO	7,640	10,500
INDUSTRIAL & COM UNSP/ADR	7,599	8,366
ING GROUP N V SPONSORED ADR	13,406	18,378
INTEL CORP	11,330	17,818
INTERNATIONAL BUSINESS MACHINE	20,535	20,055
JC PENNEY	8,818	6,435
JOHNSON & JOHNSON	34,727	52,180
JP MORGAN CHASE & CO	44,064	65,520
KDDI CP UNSP ADR	11,930	13,161
KIMBERLY CLARK CORP	9,962	18,486
KINDER MORGAN INC	12,818	14,005
KIRBY CORPORATION	16,554	12,595
KOMATSU LTD.	11,819	12,758
KUBOTA CORPORATION	10,878	16,738
LAFARGE ADS	23,260	14,719
LAM RESEARCH CORP	9,158	13,091
LENNAR CORP	10,290	19,851
LOWES COMPANIES INC.	10,503	14,930
LVMH MOET HENN UNSP	16,446	17,909
MACY'S INC	20,379	28,273
MAKITA CORP	11,202	10,046
MARKS & SPENCER GRP ADR	8,592	9,112
MARSH AND MCLENNAN COMPANIES I	5,875	9,960
MASTERCARD INC	5,318	13,355
MCKESSON CORP	27,623	37,987
MEDTRONIC INC	29,727	38,555
MERCK & CO INC.	38,123	41,343
METLIFE INC.	17,072	19,851
MICRON TECHNOLOGY	16,332	17,785
MICROSOFT CORPORATION	60,004	81,705
MITSUBISHI CORP SPON	6,176	5,551
MITSUBISHI ESTATE CO ADR	13,189	14,636
MONDELEZ INTERNATIONAL INC	13,957	19,073
MONSANTO CO	9,065	15,531
MORGAN STANLEY	17,211	20,254
MYLAN INC.	7,716	15,276
NABORS INDUSTRIES LTD	10,748	6,503
NATL OILWELL VARCO	14,618	13,827
NAVIENT CORPORATION	9,858	14,673
NESTLE S.A.	18,254	28,669
NETAPP, INC.	18,109	20,559
NIDEC CORPORATION ADR	4,818	8,121
NITTO DENKO ADR	14,242	13,370
NOVARTIS AG ADR	18,582	29,651
NOVO NORDISK A S	9,250	10,707
O'REILLY AUTOMOTIVE INC.	6,846	14,254
ORACLE CORP	28,309	37,775
PENTAIR INC. COM	7,765	9,897
PEPSICO INC	30,752	41,134
PFIZER INC.	21,772	35,324
PING AN INSURANCE	6,918	8,441
PPG INDUSTRIES INC	17,174	53,627
PRICELINE.COM INCORPORATED	9,761	13,683
PROCTER GAMBLE CO	12,363	18,218
PRUDENTIAL PLC SC	13,099	26,271
PULTE GROUP INC.	12,274	13,777
QUALCOMM INC	11,215	14,123
RALPH LAUREN CORP	8,693	9,258
RAYTHEON CO.	13,508	28,124
RIO TINTO PLC SPONSORED ADR	28,772	26,438
ROCHE HOLDING LTD ADR	19,494	26,614
ROSS STORES, INC.	11,643	14,422
ROYAL CARRIBEAN CRUISE	11,791	14,755
ROYAL DUTCH SHELL PLC	33,256	34,747
SANDISK CORP	9,036	13,129
SANOFI-AVENTIS SPONSORED ADR	20,397	21,938
SAP AKTIENGESELL ADS	16,324	20,547
SCHLUMBERGER LTD	17,144	19,644
SCHNEIDER ELEC UNSP/ADR	17,509	14,914
SEALED AIR CORP	11,558	21,173
SHIN-ETSU CHEMICAL C	13,219	15,224
SKYWORKS SOLUTIONS, INC	4,340	14,469
SLM CORP	8,628	10,750
SOUTHWEST AIRLINES	9,797	14,262
STATE STREET CORPORATION	16,221	27,475
SUMITOMO MITSUI FINCL GRP	18,134	17,144
SYNOPSYS, INC.	10,682	13,563
SYSCO CORP	10,310	10,835
T-MOBILE US INC	9,110	8,675
TAIWAN SEMICONDUCTOR MFG CO LT	7,300	13,025
TD AMERITRADE HOLDING CORP	12,151	14,133
TE CONNECTIVITY LTD	7,663	8,982
TECHNIP ADS	11,015	6,808
TEREX CORP	10,737	13,104
TEVA PHARMECEUTICAL SP ADR	24,035	27,432
TEXAS INSTRUMENTS INC.	11,991	13,474
TEXTRON INC.	16,145	28,635
THERMO FISHER SCIENTIFIC INC	8,861	8,896
TIME WARNER INC.	13,002	13,838
TJX COMPANIES INC	24,325	27,158
TOYOTA MTR CORP	24,833	31,621
TRAVELERS COMPANIES INC	32,185	64,886
TULLOW OIL PLC 899415202	8,987	3,397
TWENTY-FIRST CENTURY, FOX INC	11,239	14,020
TYCO INTERNATIONAL LTD.	18,382	26,404
UNILEVER N V N Y	12,986	16,436
UNION PACIFIC	8,692	27,638
UNITED PARCEL SERVICE	11,685	18,454
UNITED TECHNOLOGIES CORP	29,850	37,490
UNITEDHEALTH GROUP INC.	13,486	13,950
VALERO ENERGY CORP	4,343	9,108
VISA INC	13,797	32,251
VODAFONE GROUP PLC	31,970	25,081
VOLKSWAGEN AG	11,771	19,545
WAL-MART STORES INC.	12,046	21,470
WALT DISNEY HOLDINGS CO.	37,412	69,794
WASTE MANAGEMENT INC.	10,057	15,653
WELLS FARGO & CO.	4,901	11,238
WESTERN DIGITAL CORP	14,020	36,310
WPP GROUP PLC	8,451	16,344
WYNN MACAU	14,037	10,440
ZURICH INS GROU ADR	11,045	14,602

- TIN:

TY 2014 InvestmentsGovtObligationsSch

Name:

Muna & Basem Hishmeh Foundation Inc

EIN: 65-1270242

US Government Securities - End of Year Book Value:

220,164

US Government Securities - End of Year Fair Market Value:

218,471

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

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

- TIN:

TY 2014 OtherExpensesSchedule

Name:

Muna & Basem Hishmeh Foundation Inc

EIN: 65-1270242

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Administrative Fees	27,377			27,377
Bank Charges	1,387	1,387

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

Muna & Basem Hishmeh Foundation Inc

EIN: 65-1270242

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	91,112	91,112

- TIN:

TY 2014 TaxesSchedule

Name:

Muna & Basem Hishmeh Foundation Inc

EIN: 65-1270242

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2014	6,100
990-PF Extension for 2013	5,671
Foreign Tax Paid	3,615	3,615