Form990-PF

Department of the Treasury
Internal Revenue Service

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

Number and street (or P.O. box number if mail is not delivered to street address)THREE CANAL PLAZA PO BOX 17516   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, ME041128516
A Employer identification number

04-6626994
B Telephone number (see instructions)

(207) 879-6280
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$91,117,686J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 310 310  
4 Dividends and interest from securities...... 913,202 913,202  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,545,857
b Gross sales price for all assets on line 6a 62,586,343
7 Capital gain net income (from Part IV, line 2)... 2,545,857
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)....... Click to see attachment -2,233,653 -2,261,153  
12 Total. Add lines 1 through 11........ 1,225,716 1,198,216  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 682,871 290,907   388,093
14 Other employee salaries and wages...... 140,837 35,209   104,791
15 Pension plans, employee benefits....... 217,121 75,034   137,951
16a Legal fees (attach schedule)......... Click to see attachment 349 140   209
b Accounting fees (attach schedule)....... Click to see attachment 7,225 5,057   2,168
c Other professional fees (attach schedule).... Click to see attachment 182,672 182,672   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 55,373 17,454   27,834
19 Depreciation (attach schedule) and depletion... Click to see attachment 28,847 8,654  
20 Occupancy.............. 89,892 26,968   62,924
21 Travel, conferences, and meetings....... 76,957 30,783   46,087
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 160,476 41,047   117,110
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,642,620 713,925   887,167
25 Contributions, gifts, grants paid........ 4,491,786 3,986,786
26 Total expenses and disbursements. Add lines 24 and 25 6,134,406 713,925   4,873,953
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,908,690
b Net investment income (if negative, enter -0-) 484,291
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 57,892 325,058 325,058
2 Savings and temporary cash investments.......... 5,917,352 1,267,794 1,267,794
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 12,611 11,861 11,861
10a Investments—U.S. and state government obligations (attach schedule) 7,745,210 Click to see attachment7,769,436 7,769,436
b Investments—corporate stock (attach schedule)........ 28,279,501 Click to see attachment29,490,381 29,490,381
c Investments—corporate bonds (attach schedule)........ 4,762,778 Click to see attachment4,878,217 4,878,217
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 81,113,548 Click to see attachment76,945,021 34,983,394
14 Land, buildings, and equipment: basis bullet489,490
Less: accumulated depreciation (attach schedule) bullet237,852 201,709 Click to see attachment251,638 251,638
15 Other assets (describe bullet) Click to see attachment10,784,260 Click to see attachment12,139,907 Click to see attachment12,139,907
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 138,874,861 133,079,313 91,117,686
Liabilities 17 Accounts payable and accrued expenses.......... 101,655 112,469
18 Grants payable.................. 380,000 885,000
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment155,600 Click to see attachment128,100
23 Total liabilities (add lines 17 through 22).......... 637,255 1,125,569
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 138,237,606 131,953,744
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 138,237,606 131,953,744
31 Total liabilities and net assets/fund balances (see instructions).. 138,874,861 133,079,313
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)............... 1 138,237,606
2 Enter amount from Part I, line 27a..................... 2 -4,908,690
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 133,328,916
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,375,172
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 131,953,744
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a VARIOUS SECURITIES - PEOPLES UNITED BANK P   2014-12-31
b VARIOUS SECURITIES - CAPITAL GUARDIAN P   2014-12-31
c VARIOUS SECURITIES - HARPSWELL CAPITAL ADVISORS P   2014-12-31
d 3 VEHICLES TRADED IN P    
e 2 VEHICLES SOLD P    
COMPUTER - OWEN P    
COMPUTER WITH FLAT SCREEN MONITOR P    
NICHOLVILLE FEEDLOT P    
FOREIGN EXCHANGE P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 3,293,345   3,293,345 0
b 45,010,696   42,791,999 2,218,697
c 12,906,774   12,670,112 236,662
d 57,500 46,244 118,174 -14,430
e 18,000 38,990 57,447 -457
  844 889 -45
  1,286 1,286 0
1,300,000   1,194,598 105,402
28     28
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       0
b       2,218,697
c       236,662
d       -14,430
e       -457
      -45
      0
      105,402
      28
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,545,857
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 9,715,488 89,461,581 0.108600
2012 10,540,451 95,005,686 0.110945
2011 10,946,058 102,032,406 0.107280
2010 24,600,088 104,459,702 0.235498
2009 11,696,934 110,212,334 0.106131
2 Total of line 1, column (d) ...................... 2 0.668454
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 0.133691
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 91,248,955
5 Multiply line 4 by line 3....................... 5 12,199,164
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,843
7 Add lines 5 and 6......................... 7 12,204,007
8 Enter qualifying distributions from Part XII, line 4.............. 8 5,873,953
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 9,686
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 9,686
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 9,686
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 21,382
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 21,382
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 11,696
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet11,696 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletME
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.LIBRAFOUNDATION.ORG
    14
    The books are in care ofbulletJERE G MICHELSON Telephone no.bullet (207) 879-6280
    Located atbulletTHREE CANAL PLAZA PO BOX 17516PORTLANDME ZIP+4bullet04112
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    OWEN W WELLS TRUSTEE
    30.00     		35,168 34,483 7,492
    THREE CANAL PLAZA PO BOX 17516
    PORTLAND,ME04112
    PENDRED E NOYCE TRUSTEE
    10.00     		0 0 0
    THREE CANAL PLAZA PO BOX 17516
    PORTLAND,ME04112
    CRAIG N DENEKAS PRESIDENT/TRUSTEE
    50.00     		266,520 53,409 4,466
    THREE CANAL PLAZA PO BOX 17516
    PORTLAND,ME04112
    JERE G MICHELSON EXECUTIVE VICE PRESIDENT
    50.00     		258,482 52,055 3,788
    THREE CANAL PLAZA PO BOX 17516
    PORTLAND,ME04112
    WILLIAM J RYAN TRUSTEE
    10.00     		0 0 0
    THREE CANAL PLAZA PO BOX 17516
    PORTLAND,ME04112
    ERIK HAYWARD VICE PRESIDENT
    50.00     		122,701 32,920 4,927
    THREE CANAL PLAZA PO BOX 17516
    PORTLAND,ME04112
    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
    KATHI GIEDRIS ADMINISTRATIVE ASSIS
    40.00     		70,418 33,647 0
    THREE CANAL PLAZA PO BOX 17516
    PORTLAND,ME04112
    JENNIFER COOK ACCOUNTING ASSISTANT
    40.00     		70,418 21,048 462
    THREE CANAL PLAZA PO BOX 17516
    PORTLAND,ME04112
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 CAPITAL CONTRIBUTIONS MADE TO PINELAND FARMS NATURAL MEATS, INC. FOR BUSINESS EXPANSION PURPOSES TO PROVIDE THE OPPORTUNITY TO OFFER MORE JOBS IN THE COMMUNITY. 1,000,000
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet1,000,000
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    46,629,066
    b
    Average of monthly cash balances.......................
    1b
    191,476
    c
    Fair market value of all other assets (see instructions)................
    1c
    45,817,991
    d
    Total (add lines 1a, b, and c).........................
    1d
    92,638,533
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    92,638,533
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,389,578
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    91,248,955
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,562,448
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,562,448
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    9,686
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,686
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,552,762
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,000,000
    5
    Add lines 3 and 4............................
    5
    5,552,762
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    5,552,762
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,873,953
    b
    Program-related investments—total from Part IX-B..................
    1b
    1,000,000
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    5,873,953
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,873,953
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 5,552,762
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 6,186,317
    b From 2010....... 3,093,503
    c From 2011....... 3,810,057
    d From 2012....... 5,298,757
    e From 2013.......  
    fTotal of lines 3a through e......... 18,388,634
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 5,873,953
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 5,552,762
    e Remaining amount distributed out of corpus 321,191
    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 18,709,825
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		6,186,317
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		12,523,508
    10 Analysis of line 9:
    a Excess from 2010.... 3,093,503
    b Excess from 2011.... 3,810,057
    c Excess from 2012.... 5,298,757
    d Excess from 2013....  
    e Excess from 2014.... 321,191
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CRAIG N DENEKAS
    THREE CANAL PLAZA PO BOX 17516
    PORTLAND,ME04112
    (207) 879-6280
    bThe form in which applications should be submitted and information and materials they should include:
    THE FOUNDATION REQUIRES THAT A FORMAL APPLICATION BE SUBMITTED INCLUDING ORGANIZATION NAME, ADDRESS, CHARITABLE PROJECT, AMOUNT REQUESTED, PURPOSE OF PROJECT, GEOGRAPHIC AREA AND NUMBER OF PEOPLE TO BE SERVED BY PROJECT.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANT MUST BE A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) AND NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE FOUNDATION LIMITS ITS GRANTS TO CHARITABLE ORGANIZATIONS, ACTIVITIES, OPERATIONS OR PURPOSES WHICH ONLY TAKE PLACE WITHIN THE STATE OF MAINE.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    10TH MOUNTAIN OUTDOOR CLUB
    PO BOX 541
    FORT KENT,ME04743     		NONE PUBLIC GENERAL OPERATING SUPPORT 36,527
    ABBE MUSEUM
    26 MOUNT DESERT STREET PO BOX 286
    BAR HARBOR,ME04609     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    AROOSTOOK NORDIC INC
    PO BOX 17516
    PORTLAND,ME041128516     		NONE PUBLIC SUPPORT CAPITAL INFRASTRUCTURE FOR COMMUNITY SKI AREAS 105,000
    BAGADUCE MUSIC LENDING LIBRARY
    5 MUSIC LIBRARY LANE PO BOX 829
    BLUE HILL,ME04614     		NONE PUBLIC RENOVATE A BUILDING AS A MUSIC LIBRARY/OFFICE AND MEETING SPACE 50,000
    BANGOR SYMPHONY ORCHESTRA
    PO BOX 1441
    BANGOR,ME044021441     		NONE PUBLIC GENERAL OPERATING SUPPORT 4,000
    BARBARA BUSH FOUNDATION FOR FAMILY LITERACY
    516 NORTH ADAMS STREET
    TALLAHASSEE,FL32301     		NONE PUBLIC LITERACY ENDOWMENT 30,000
    BARBARA BUSH FOUNDATION FOR FAMILY LITERACY
    PO BOX 131614
    HOUSTON,TX772191614     		NONE PUBLIC FAMILY READING LITERACY IN MAINE 50,000
    BAY CHAMBER CONCERTS
    18 CENTRAL STREET PO BOX 599
    ROCKPORT,ME04856     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    BOYS & GIRLS CLUBS OF SOUTHERN MAINE
    PO BOX 7830
    PORTLAND,ME04112     		NONE PUBLIC GREAT FUTURES CAMPAIGN 25,000
    CENTRAL LINCOLN COUNTY YMCA
    PO BOX 787
    DAMARISCOTTA,ME04543     		NONE PUBLIC SIX-LANE SWIMMING POOL 7,500
    CHILD AND FAMILY OPPORTUNITIES INC
    18 AVERY LANE PO BOX 648
    ELLSWORTH,ME04605     		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000
    CHILDRENS MUSEUM & THEATRE OF MAINE
    142 FREE STREET PO BOX 4041
    PORTLAND,ME04101     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    CITY OF BANGOR FBO BANGOR SCHOOL DEPARTMENT
    73 HARLOW STREET
    BANGOR,ME04401     		NONE PUBLIC COURSEWARE LICENSES 3,400
    CITY OF PORTLAND FBO CHILDREN'S ORAL HEALTH PROGRAM
    1600 FOREST AVENUE
    PORTLAND,ME04103     		NONE PUBLIC ADD A DENTIST TO STAFF 10,000
    COLLEGE FOR ME-ANDROSCOGGIN
    150 EAST AVENUE
    LEWISTON,ME04240     		NONE PUBLIC COLLEGE NAVIGATOR PROGRAM 8,000
    CROMWELL CENTER FOR DISABILITIES AWARENESS
    97A EXCHANGE STREET SUITE 205
    PORTLAND,ME04101     		NONE PUBLIC INCREASE STUDENTS' SENSITIVITY TOWARD CLASSMATES AND OTHERS WITH DISABILITIES 5,000
    CUMBERLAND COUNTY CIVIC CENTER
    1 CENTER STREET
    PORTLAND,ME04101     		NONE PUBLIC COMMUNITY USE OF CIVIC CENTER EVENTS 75,000
    EASTERN MAINE MEDICAL CENTER
    C/O ONE CUMBERLAND PLACE PO BOX 931
    BANGOR,ME044029301     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    FARNSWORTH ART MUSEUM
    16 MUSEUM STREET
    ROCKLAND,ME04841     		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000
    FRIENDS OF COMMUNITY ACTION
    162 ELM STREET
    BIDDEFORD,ME040052349     		NONE PUBLIC FOOD SUPPLIES AND DELIVERY VEHICLE MAINTENANCE 5,000
    FRIENDS SCHOOL OF PORTLAND
    1 MACKWORTH ISLAND
    FALMOUTH,ME04105     		NONE PUBLIC NEW SCHOOL BUILDING CONSTRUCTION 15,000
    FRYEBURG ACADEMY
    745 MAIN STREET
    FRYEBURG,ME04037     		NONE PUBLIC THE OUTDOOR LEARNING AND RESEARCH CENTER 15,000
    GOOD SHEPHERD FOOD-BANK
    3121 HOTEL ROAD PO BOX 1807
    AUBURN,ME042111807     		NONE PUBLIC GENERAL OPERATING SUPPORT 4,000
    GULF OF MAINE RESEARCH INSTITUTE
    350 COMMERCIAL STREET
    PORTLAND,ME04101     		NONE PUBLIC GENERAL OPERATING SUPPORT 4,000
    GULF OF MAINE RESEARCH INSTITUTE
    350 COMMERCIAL STREET
    PORTLAND,ME04101     		NONE PUBLIC LEVERAGE MAINE'S OCEAN AND SCIENCE LITERACY ASSETS 100,000
    HOME INC
    PO BOX 10
    ORLAND,ME04472     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    ISLAND INSTITUTE
    386 MAIN STREET PO BOX 648
    ROCKLAND,ME04841     		NONE PUBLIC GENERAL OPERATING SUPPORT 4,000
    LIBRA FUTURE FUND
    PO BOX 17516
    PORTLAND,ME04112     		NONE PUBLIC ASSIST EMERGING ENTREPRENEURS 74,500
    LYDIA HOME ASSOCIATION DBA SAFE FAMILIES FOR CHILDREN OF MAINE
    PO BOX 93
    WHITING,ME04691     		NONE PUBLIC SUPPORT FOR HOST FAMILY PROGRAMS 10,000
    MAINE ACADEMY OF MODERN MUSIC
    PO BOX 6606
    PORTLAND,ME04103     		NONE PUBLIC EXPAND MUSIC EDUCATION PROGRAMS 5,000
    MAINE COAST HERITAGE TRUST
    1 BOWDOIN MILL ISLAND SUITE 201
    TOPSHAM,ME04086     		NONE PUBLIC PURCHASE OF THE GOSLINGS ISLANDS 25,000
    MAINE DISCOVERY MUSEUM
    74 MAIN STREET
    BANGOR,ME04401     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    MAINE FARMLAND TRUST
    97 MAIN STREET
    BELFAST,ME04915     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    MAINE HISTORICAL SOCIETY
    489 CONGRESS STREET
    PORTLAND,ME041013498     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    MAINE HISTORICAL SOCIETY AND PORTLAND PUBLIC LIBRARY
    489 CONGRESS STREET
    PORTLAND,ME04101     		NONE PUBLIC STATE-OF-THE-ART COLLECTIONS MANAGEMENT FACILITY 50,000
    MAINE MARITIME MUSEUM
    243 WASHINGTON STREET
    BATH,ME04530     		NONE PUBLIC GENERAL OPERATING SUPPORT 4,000
    MAINE MARITIME MUSEUM
    243 WASHINGTON STREET
    BATH,ME04530     		NONE PUBLIC 2014 MARINERS AWARD SPONSORSHIP 10,000
    MAINE MEDICAL CENTER
    22 BRAMHALL STREET
    PORTLAND,ME04101     		NONE PUBLIC MMC/TUFTS MEDICAL SCHOOL PROGRAM 50,000
    MAINE PUBLIC BROADCASTING NETWORK
    1450 LISBON STREET
    LEWISTON,ME042403595     		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000
    MAINE PUBLIC BROADCASTING NETWORK
    1450 LISBON STREET
    LEWISTON,ME042403595     		NONE PUBLIC JAMES DOWE FUND FOR INTERNS 7,500
    MAINE STATE MUSEUM
    83 STATE HOUSE STATION
    AUGUSTA,ME043330083     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    MAINE STATE MUSIC THEATRE
    22 ELM STREET
    BRUNSWICK,ME04011     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,500
    MAINE WINTER SPORTS CENTER
    552 MAIN STREET
    CARIBOU,ME04736     		NONE PUBLIC PROGRAMMATIC AND FACILITIES SUPPORT FOR BIATHLON AND CROSS-COUNTRY PROGRAMS 496,654
    MAINEHEALTH
    110 FREE STREET
    PORTLAND,ME041013908     		NONE PUBLIC RAISING READERS PROGRAM 1,052,205
    MONHEGAN HISTORICAL & CULTURAL MUSEUM ASSOCIATION
    1410 EAST AVENUE
    ROCHESTER,NY14610     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    MUSEUM L-A
    35 CANAL STREET
    LEWISTON,ME04240     		NONE PUBLIC 2014 MINI MAKER FAIRE 5,000
    NATIONAL ALLIANCE ON MENTAL ILLNESS - NAMI MAINE
    ONE BANGOR STREET
    AUGUSTA,ME04330     		NONE PUBLIC MENTAL HEALTH FIRST AID TRAINING 10,000
    NORDIC HERITAGE SPORT CLUB
    PO BOX 4015
    PRESQUE ISLE,ME04769     		NONE PUBLIC GENERAL OPERATING SUPPORT 40,000
    OGUNQUIT MUSEUM OF AMERICAN ART
    543 SHORE ROAD PO BOX 815
    OGUNQUIT,ME03907     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,500
    OGUNQUIT PLAYHOUSE
    PO BOX 915
    OGUNQUIT,ME03907     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,500
    PENOBSCOT MARINE MUSEUM
    5 CHURCH STREET PO BOX 498
    SEARSPORT,ME049740498     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    PENOBSCOT THEATRE COMPANY
    115 MAIN STREET 4TH FLOOR
    BANGOR,ME04401     		NONE PUBLIC GENERAL OPERATING SUPPORT 1,000
    PEREGRINE CORPORATION DBA STRIVE
    28 FODEN ROAD
    SOUTH PORTLAND,ME04106     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    PINE TREE SOCIETY FOR HANDICAPPED CHILDREN AND ADULTS INC
    149 FRONT STREET
    BATH,ME04530     		NONE PUBLIC CAPITAL IMPROVEMENTS 5,000
    PINELAND FARMS INC
    32 FARM VIEW DRIVE
    NEW GLOUCESTER,ME04260     		NONE PUBLIC DEVELOP, OPERATE AND STAFF PINELAND FARMS, INC. FOR AGRICULTURAL PROMOTION, EDUCATION AND RESEARCH IN MAINE 1,400,000
    PORTLAND BALLET
    517 FOREST AVENUE SUITE 2
    PORTLAND,ME04101     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    PORTLAND CONSERVATORY OF MUSIC
    202 WOODFORD STREET 3RD FLOOR
    PORTLAND,ME04103     		NONE PUBLIC GENERAL OPERATING SUPPORT 1,000
    PORTLAND MUSEUM OF ART
    SEVEN CONGRESS SQUARE
    PORTLAND,ME04101     		NONE PUBLIC WINSLOW HOMER STUDIO CAMPAIGN 20,000
    PORTLAND OVATIONS
    50 MONUMENT SQUARE 2ND FLOOR
    PORTLAND,ME04101     		NONE PUBLIC GENERAL OPERATING SUPPORT 2,000
    PORTLAND STAGE COMPANY
    PO BOX 1458
    PORTLAND,ME04104     		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000
    PORTLAND SYMPHONY ORCHESTRA
    50 MONUMENT SQUARE 2ND FLOOR PO BOX
    3573
    PORTLAND,ME04104     		NONE PUBLIC GENERAL OPERATING SUPPORT 20,000
    RURAL COMMUNITY ACTION MINISTRY
    81 CHURCH HILL ROAD
    LEEDS,ME04263     		NONE PUBLIC PROVIDE SERVICES TO LOW-INCOME, DISABLED, ELDERLY AND AT-RISK FAMILIES 5,000
    SENIORSPLUS
    8 FALCON ROAD
    LEWISTON,ME04240     		NONE PUBLIC REPLACEMENT TRUCK FOR MEAL DELIVERIES 5,000
    THE UNIVERSITY OF MAINE FOUNDATIONCOLLINS CENTER FOR THE ARTS
    5746 COLLINS CENTER FOR THE ARTS
    ORONO,ME044695746     		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000
    Total .................................bullet 3a 3,986,786
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 310  
    4 Dividends and interest from securities....     14 913,202  
    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.....     14 667,257  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 2,545,857  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aNET EARNINGS OF TITLE-HOLDING CORPORATION     16 -2,928,410  
    bCHANGE IN DEFERRED EXCISE TAXES       27,500  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,225,716 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,225,716
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
    Yes
     
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
    Yes
     
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    1a(1) 941,336 OCTOBER CORPORATION TRANSFERRED FUNDS TO PAY FOR THE PURCHASE OF REAL ESTATE AND FOR OPERATIONS.
    1b(4) 2,250,262 OCTOBER CORPORATION REIMBURSEMENT OF OPERATING FUNDS
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    OCTOBER CORPORATION 501(C)(2) SOLE MEMBER
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,225 5,057   2,168

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

    TY 2014 DepreciationSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    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
    FURNITURE 1998-04-13 15,100 15,100 SL 7.000000000000 0 0    
    DESK LAMP 1998-04-24 240 240 SL 7.000000000000 0 0    
    FAX MACHINE 1998-04-30 1,245 1,245 SL 5.000000000000 0 0    
    PLANTS AND CONTAINERS 1998-05-04 642 642 SL 7.000000000000 0 0    
    PAINTINGS 1998-05-05 3,016 3,016 SL 7.000000000000 0 0    
    PAINTINGS 1998-05-06 530 530 SL 7.000000000000 0 0    
    PHOTOS AND FRAMING 1998-06-01 2,019 2,019 SL 7.000000000000 0 0    
    RECEPTION AREA LAMPS 1998-06-09 389 389 SL 7.000000000000 0 0    
    NOYCE PORTRAIT 1998-06-09 645 645 SL 7.000000000000 0 0    
    TELEPHONE SYSTEM 1998-06-09 3,804 3,804 SL 5.000000000000 0 0    
    RECEPTION AREA FURNITURE 1998-06-09 12,495 12,495 SL 7.000000000000 0 0    
    TRUSTEE PHOTOGRAPHS 1998-06-15 1,200 1,200 SL 7.000000000000 0 0    
    CONFERENCE TABLE GLASS 1998-07-10 359 359 SL 7.000000000000 0 0    
    PHOTOGRAPHS 1998-07-17 3,780 3,780 SL 7.000000000000 0 0    
    CARPET 1998-09-11 3,000 3,000 SL 7.000000000000 0 0    
    PHOTOGRAPHS 1998-09-24 2,460 2,460 SL 7.000000000000 0 0    
    PAINTING - HEADLAND MIST 1998-10-29 4,584 4,584 SL 7.000000000000 0 0    
    PHOTOGRAPH - PPM 1998-12-18 257 257 SL 7.000000000000 0 0    
    OFFICE CHAIR 1998-05-12 318 318 SL 7.000000000000 0 0    
    TYPEWRITER 1998-04-24 670 670 SL 7.000000000000 0 0    
    PORTRAIT AND PICTURES 1999-01-14 483 483 SL 7.000000000000 0 0    
    PERSIAN RUG 1999-03-19 5,175 5,175 SL 7.000000000000 0 0    
    CABOT HOUSE FURNITURE 1999-07-01 6,694 6,694 SL 7.000000000000 0 0    
    SAILING DAY PAINTING 1999-04-23 1,036 1,036 SL 7.000000000000 0 0    
    SIGN 1999-04-28 839 839 SL 7.000000000000 0 0    
    DISHWASHER 1999-05-14 1,175 1,175 SL 7.000000000000 0 0    
    LAMP 1999-05-20 239 239 SL 7.000000000000 0 0    
    RECEPTIONIST CHAIR 1999-06-01 274 274 SL 7.000000000000 0 0    
    PORTRAIT FOR RECEPTION AREA 1999-06-02 881 881 SL 7.000000000000 0 0    
    2 OIL PAINTINGS 3 MOUNTAIN TRAIL 1999-09-21 600 600 SL 7.000000000000 0 0    
    DICTIONARY AND STAND 1999-09-30 121 121 SL 7.000000000000 0 0    
    TV AND STAND 2000-01-06 500 500 SL 7.000000000000 0 0    
    TELEPHONE 2000-02-14 426 426 SL 7.000000000000 0 0    
    OWW OFFICE CHAIR 2000-02-15 558 558 SL 7.000000000000 0 0    
    POLYCOM SPEAKER PHONE 2000-04-05 819 819 SL 7.000000000000 0 0    
    BATTERY PACKS (4) 2000-06-14 418 418 SL 5.000000000000 0 0    
    HARVARD CHAIR 2000-09-21 500 500 SL 7.000000000000 0 0    
    SCANNER 2000-10-24 380 380 SL 5.000000000000 0 0    
    OFFICE CHAIR 2001-03-19 1,213 1,213 SL 7.000000000000 0 0    
    OFFICE CHAIR 2001-04-09 1,049 1,049 SL 7.000000000000 0 0    
    OFFICE CHAIRS 2001-04-09 400 400 SL 7.000000000000 0 0    
    CABINET FOR ADDITIONAL LINES 2001-04-27 990 990 SL 7.000000000000 0 0    
    NEW PHONES (2) 2001-11-29 608 608 SL 7.000000000000 0 0    
    FURNITURE 2001-08-14 1,400 1,400 SL 7.000000000000 0 0    
    FURNITURE - CONFERENCE TABLE 2001-12-10 40,936 40,936 SL 7.000000000000 0 0    
    FURNITURE 2001-09-07 10,448 10,448 SL 7.000000000000 0 0    
    PRINTER - ANNIE 2002-04-23 315 315 SL 7.000000000000 0 0    
    GLASS TOP FOR CONFERENCE 2002-02-03 2,222 2,222 SL 7.000000000000 0 0    
    FILING CABINET 2002-10-07 597 597 SL 7.000000000000 0 0    
    CHAIRS 2002-12-20 3,169 3,169 SL 7.000000000000 0 0    
    PAINTINGS 2003-01-13 2,657 2,657 SL 5.000000000000 0 0    
    PRINTER HP 8150N 2003-03-31 3,230 3,230 SL 5.000000000000 0 0    
    FILING CABINET 2003-05-06 639 639 SL 7.000000000000 0 0    
    CHAIR 2003-07-17 121 121 SL 7.000000000000 0 0    
    PAPER CUTTER 2003-10-15 199 199 SL 7.000000000000 0 0    
    OFFICE CHAIR - RECEPTION 2003-10-15 178 178 SL 7.000000000000 0 0    
    DESK MICHELSON 2003-11-06 2,515 2,515 SL 7.000000000000 0 0    
    PAINTING RESTORATION 2004-03-16 1,800 1,800 SL 7.000000000000 0 0    
    PICTURE FRAME - OWW 2005-02-14 375 375 SL 7.000000000000 0 0    
    CHAIRS (2) LIBRA OFFICE 2005-02-05 219 219 SL 7.000000000000 0 0    
    SIDE CHAIRS (4) 2005-03-09 1,548 1,548 SL 7.000000000000 0 0    
    FILING CABINETS (2) 2005-05-26 1,512 1,512 SL 7.000000000000 0 0    
    COMPUTER WITH FLAT SCREEN MONITOR 2005-12-01 3,020 3,020 SL 5.000000000000 0 0    
    FLAT SCREEN MONITORS (4) 2005-12-01 1,372 1,372 SL 5.000000000000 0 0    
    COMPUTER WITH FLAT SCREEN MONITOR 2005-12-01 1,286 1,286 SL 5.000000000000 0 0    
    JOHN ANGEL PAINTING 2006-01-09 1,147 1,147 SL 7.000000000000 0 0    
    NICHOLAS FEDEROVSKI PAINTING 2006-01-09 1,147 1,147 SL 7.000000000000 0 0    
    DIGITAL CAMERA 2006-05-11 816 816 SL 5.000000000000 0 0    
    NEW RICIO 4500 COPIER 2008-11-20 9,885 7,237 SL 7.000000000000 1,412 0    
    SERVER 2009-10-21 10,481 8,822 SL 5.000000000000 1,659 0    
    COMPUTER TOWERS AND INSTALLATION (4) 2009-12-15 6,036 4,878 SL 5.000000000000 1,158 0    
    COMPUTER - OWEN 2010-01-14 889 711 SL 5.000000000000 133 0    
    COMPUTER - BRYAN 2012-05-18 734 246 SL 5.000000000000 147 0    
    NEW FIREWALL 2012-05-29 2,432 770 SL 5.000000000000 486 0    
    COMPUTER - ERIK 2012-10-18 682 160 SL 5.000000000000 136 0    
    LEASEHOLD IMPROVEMENTS 1998-06-09 19,090 7,604 SL 39.000000000000 489 0    
    VEHICLE - OWEN 2012-08-29 81,069 8,260 SL 5.000000000000 3,050 0    
    VEHICLE - BLACK UTILITY 2006-05-23 27,452 20,485 SL 5.000000000000 915 0    
    VEHICLE - BLACK UTILITY 2006-05-23 31,052 20,485 SL 5.000000000000 1,775 0    
    VEHICLE - JIM 2008-08-22 26,395 14,955 SL 5.000000000000 1,775 0    
    VEHICLE - BLUE UTILITY 2008-08-22 26,159 14,937 SL 5.000000000000 1,775 0    
    VEHICLE - JERE 2011-05-31 45,361 10,910 SL 5.000000000000 1,512 0    
    VEHICLE - CRAIG 2011-05-31 45,361 10,910 SL 5.000000000000 1,512 0    
    COMPUTER - JERE 2014-01-23 1,673   SL 5.000000000000 335 0    
    CANON MF6160DW PRINTER 2014-03-28 947   SL 5.000000000000 142 0    
    COMPUTER - KATHI 2014-05-05 1,469   SL 5.000000000000 196 0    
    ALLWORX PHONE SYSTEM 2014-08-25 12,813   SL 7.000000000000 610 0    
    COMPUTER - OWEN 2014-09-25 1,363   SL 5.000000000000 68 0    
    COMPUTER - SPARE OFFICE 2014-09-25 1,363   SL 5.000000000000 68 0    
    OWEN - LEATHER CHAIR 2014-11-08 580   SL 7.000000000000 14 0    
    VEHICLE - CRAIG 2014-02-27 50,676   SL 5.000000000000 3,160 0    
    VEHICLE - JERE 2014-02-27 48,938   SL 5.000000000000 3,160 0    
    VEHICLE - ERIK 2014-02-27 49,386   SL 5.000000000000 3,160 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VARIOUS CORPORATE BONDS 4,878,217 4,878,217

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VARIOUS CORPORATE STOCKS 29,490,381 29,490,381

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    US Government Securities - End of Year Book Value:

    7,769,436
    US Government Securities - End of Year Fair Market Value:

    7,769,436
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2014 InvestmentsOtherSchedule2
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OCTOBER CORPORATION--TITLE HOLDING COMPANY AT COST 75,376,212 33,414,585
    CUBE AT COST 508,264 508,264
    MARSHALL WACE AT COST 540,098 540,098
    OTTER CREEK AT COST 520,447 520,447

    TY 2014 LandEtcSchedule2
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE 15,100 15,100 0  
    DESK LAMP 240 240 0  
    FAX MACHINE 1,245 1,245 0  
    PLANTS AND CONTAINERS 642 642 0  
    PAINTINGS 3,016 3,016 0  
    PAINTINGS 530 530 0  
    PHOTOS AND FRAMING 2,019 2,019 0  
    RECEPTION AREA LAMPS 389 389 0  
    NOYCE PORTRAIT 645 645 0  
    TELEPHONE SYSTEM 3,804 3,804 0  
    RECEPTION AREA FURNITURE 12,495 12,495 0  
    TRUSTEE PHOTOGRAPHS 1,200 1,200 0  
    CONFERENCE TABLE GLASS 359 359 0  
    PHOTOGRAPHS 3,780 3,780 0  
    CARPET 3,000 3,000 0  
    PHOTOGRAPHS 2,460 2,460 0  
    PAINTING - HEADLAND MIST 4,584 4,584 0  
    PHOTOGRAPH - PPM 257 257 0  
    OFFICE CHAIR 318 318 0  
    TYPEWRITER 670 670 0  
    PORTRAIT AND PICTURES 483 483 0  
    PERSIAN RUG 5,175 5,175 0  
    CABOT HOUSE FURNITURE 6,694 6,694 0  
    SAILING DAY PAINTING 1,036 1,036 0  
    SIGN 839 839 0  
    DISHWASHER 1,175 1,175 0  
    LAMP 239 239 0  
    RECEPTIONIST CHAIR 274 274 0  
    PORTRAIT FOR RECEPTION AREA 881 881 0  
    2 OIL PAINTINGS 3 MOUNTAIN TRAIL 600 600 0  
    DICTIONARY AND STAND 121 121 0  
    TV AND STAND 500 500 0  
    TELEPHONE 426 426 0  
    OWW OFFICE CHAIR 558 558 0  
    POLYCOM SPEAKER PHONE 819 819 0  
    BATTERY PACKS (4) 418 418 0  
    HARVARD CHAIR 500 500 0  
    SCANNER 380 380 0  
    OFFICE CHAIR 1,213 1,213 0  
    OFFICE CHAIR 1,049 1,049 0  
    OFFICE CHAIRS 400 400 0  
    CABINET FOR ADDITIONAL LINES 990 990 0  
    NEW PHONES (2) 608 608 0  
    FURNITURE 1,400 1,400 0  
    FURNITURE - CONFERENCE TABLE 40,936 40,936 0  
    FURNITURE 10,448 10,448 0  
    PRINTER - ANNIE 315 315 0  
    GLASS TOP FOR CONFERENCE 2,222 2,222 0  
    FILING CABINET 597 597 0  
    CHAIRS 3,169 3,169 0  
    PAINTINGS 2,657 2,657 0  
    PRINTER HP 8150N 3,230 3,230 0  
    FILING CABINET 639 639 0  
    CHAIR 121 121 0  
    PAPER CUTTER 199 199 0  
    OFFICE CHAIR - RECEPTION 178 178 0  
    DESK MICHELSON 2,515 2,515 0  
    PAINTING RESTORATION 1,800 1,800 0  
    PICTURE FRAME - OWW 375 375 0  
    CHAIRS (2) LIBRA OFFICE 219 219 0  
    SIDE CHAIRS (4) 1,548 1,548 0  
    FILING CABINETS (2) 1,512 1,512 0  
    COMPUTER WITH FLAT SCREEN MONITOR 3,020 3,020 0  
    FLAT SCREEN MONITORS (4) 1,372 1,372 0  
    JOHN ANGEL PAINTING 1,147 1,147 0  
    NICHOLAS FEDEROVSKI PAINTING 1,147 1,147 0  
    DIGITAL CAMERA 816 816 0  
    NEW RICIO 4500 COPIER 9,885 8,649 1,236  
    SERVER 10,481 10,481 0  
    COMPUTER TOWERS AND INSTALLATION (4) 6,036 6,036 0  
    COMPUTER - BRYAN 734 393 341  
    NEW FIREWALL 2,432 1,256 1,176  
    COMPUTER - ERIK 682 296 386  
    LEASEHOLD IMPROVEMENTS 19,090 8,093 10,997  
    VEHICLE - OWEN 81,069 11,310 69,759  
    VEHICLE - BLUE UTILITY 26,159 16,712 9,447  
    COMPUTER - JERE 1,673 335 1,338  
    CANON MF6160DW PRINTER 947 142 805  
    COMPUTER - KATHI 1,469 196 1,273  
    ALLWORX PHONE SYSTEM 12,813 610 12,203  
    COMPUTER - OWEN 1,363 68 1,295  
    COMPUTER - SPARE OFFICE 1,363 68 1,295  
    OWEN - LEATHER CHAIR 580 14 566  
    VEHICLE - CRAIG 50,676 3,160 47,516  
    VEHICLE - JERE 48,938 3,160 45,778  
    VEHICLE - ERIK 49,386 3,160 46,226  


    TY 2014 LegalFeesSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 349 140   209


    TY 2014 OtherAssetsSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INVESTMENT - PFNM, INC 2,165,000 4,565,000 4,565,000
    CAPITALIZED LEGAL FEES - PFNM, INC 76,996 76,996 76,996
    ACCRUED DIVIDENDS RECEIVABLE - PFNM, INC 502,570 676,170 676,170
    PREPAID EXCISE TAXES 21,382 11,696 11,696
    INVESTMENT - PFPC, INC 3,690,000 3,690,000 3,690,000
    NOTE RECEIVABLE - PFPC, INC 2,927,512 2,927,512 2,927,512
    CAPITALIZED LEGAL FEES - PFPC, INC 137,579 137,579 137,579
    ACCRUED DIVIDENDS RECEIVABLE - PFPC, INC 156,517 54,117 54,117
    OTHER ASSET 924 837 837
    BRIDGE LOAN - PFNM, INC 1,105,780 0 0


    TY 2014 OtherDecreasesSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND SUBSCRIPTIONS 10,494 7,346   3,148
    SUPPLIES 8,696 2,607   4,520
    INSURANCE 28,890 8,667   19,473
    POSTAGE 3,287 0   3,287
    PAYROLL FEES 1,273 504   769
    REPAIRS AND MAINTENANCE 27,770 8,331   19,439
    TELEPHONE 8,083 2,425   5,658
    INTERNET AND CABLE 2,696 809   1,887
    ADMINISTRATION 20,819 6,246   14,573
    AUTOMOBILE EXPENSE 10,029 3,410   6,619
    EQUIPMENT LEASE 2,339 702   1,637
    BANK SERVICE CHARGES 100 0   100
    MARKETING FEES 36,000 0   36,000


    TY 2014 OtherIncomeSchedule2
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 15,936 15,936 15,936
    PINELAND FARMS NATURAL MEATS, INC. DIVIDENDS 173,600 173,600 173,600
    PINELAND FARMS POTATO COMPANY, INC. INTEREST 174,777 174,777 174,777
    PINELAND FARMS POTATO COMPANY, INC. DIVIDENDS 257,600 257,600 257,600
    PINELAND FARMS NATURAL MEATS, INC. INTEREST 45,344 45,344 45,344
    NET EARNINGS OF TITLE-HOLDING CORPORATION -2,928,410 -2,928,410 -2,928,410
    CHANGE IN DEFERRED EXCISE TAXES 27,500   27,500


    TY 2014 OtherLiabilitiesSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED EXCISE TAX LIABILITY 155,600 128,100


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 182,672 182,672   0


    TY 2014 TaxesSchedule
    Name:
    LIBRA FOUNDATION
    EIN: 04-6626994
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    USE TAX 40 0   0
    PAYROLL TAXES 45,647 17,454   27,834
    EXCISE TAXES 9,686 0   0