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
TS & JUANITA BALLANCE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)132 S WATER ST NO 300   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DECATUR, IL62523
A Employer identification number

26-4741427
B Telephone number (see instructions)

(217) 423-6000
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$10,392,147J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 301,439 301,439  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 434,436
b Gross sales price for all assets on line 6a 2,808,887
7 Capital gain net income (from Part IV, line 2)... 434,436
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 455 455  
12 Total. Add lines 1 through 11........ 736,330 736,330  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 36,000 36,000   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 16,173 16,173   0
c Other professional fees (attach schedule).... Click to see attachment 3,725 3,725   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 19,817 1,167   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 480,249 480,249   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 555,964 537,314   0
25 Contributions, gifts, grants paid........ 458,933 458,933
26 Total expenses and disbursements. Add lines 24 and 25 1,014,897 537,314   458,933
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -278,567
b Net investment income (if negative, enter -0-) 199,016
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............... 41,747 257,226 257,226
2 Savings and temporary cash investments.......... 399,884 177,461 177,461
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 311,942 Click to see attachment498,760 498,532
b Investments—corporate stock (attach schedule)........ 6,595,996 Click to see attachment6,538,996 7,449,398
c Investments—corporate bonds (attach schedule)........ 1,878,391 Click to see attachment1,826,950 1,809,274
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 300,000 Click to see attachment200,000 200,256
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,527,960 9,499,393 10,392,147
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment250,000
23 Total liabilities (add lines 17 through 22).......... 0 250,000
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 9,527,960 9,249,393
30 Total net assets or fund balances (see instructions)...... 9,527,960 9,249,393
31 Total liabilities and net assets/fund balances (see instructions).. 9,527,960 9,499,393
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 9,527,960
2 Enter amount from Part I, line 27a..................... 2 -278,567
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 9,249,393
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 9,249,393
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 METROPOLITAN WEST TOTAL RETURN BOND FUND P 2013-02-27 2014-12-23
b PUBLICLY TRADED SECURITIES - BARCLAYS 215450 P 2014-12-17 2014-12-30
c PUBLICLY TRADED SECURITIES - BARCLAYS 215450 P 2012-08-31 2014-12-23
d PUBLICLY TRADED SECURITIES - BARCLAYS 215468 P 2013-10-13 2014-12-23
e PUBLICLY TRADED SECURITIES - BARCLAYS 215468 P 2012-08-30 2014-12-23
PUBLICLY TRADED SECURITIES - BARCLAYS 215476 P 2012-08-31 2014-12-17
PUBLICLY TRADED SECURITIES - BARCLAYS 221102 P 2014-07-30 2014-12-17
PUBLICLY TRADED SECURITIES - BARCLAYS 221102 P 2013-09-04 2014-12-17
PUBLICLY TRADED SECURITIES - BARCLAYS 83570027 P 2012-08-31 2014-11-17
PUBLICLY TRADED SECURITIES - BARCLAYS 83570028 P 2014-10-13 2014-11-03
PUBLICLY TRADED SECURITIES - BARCLAYS 83570028 P 2012-08-30 2014-11-03
PUBLICLY TRADED SECURITIES - BARCLAYS 83570029 P 2013-12-12 2014-10-30
PUBLICLY TRADED SECURITIES - BARCLAYS 83570029 P 2012-08-31 2014-06-09
PUBLICLY TRADED SECURITIES - BARCLAYS 83570030 P 2014-01-13 2014-02-24
PUBLICLY TRADED SECURITIES - BARCLAYS 83570030 P 2013-02-14 2014-02-24
PUBLICLY TRADED SECURITIES - BARCLAYS 83570031 P 2012-08-30 2014-06-10
PUBLICLY TRADED SECURITIES - BARCLAYS 83571533 P 2013-12-13 2014-02-24
PUBLICLY TRADED SECURITIES - BUSEY P 2014-08-07 2014-10-06
PUBLICLY TRADED SECURITIES - BUSEY P 2011-08-13 2014-10-06
PUBLICLY TRADED SECURITIES - BUSEY P 2013-03-15 2014-02-01
PUBLICLY TRADED SECURITIES - BUSEY P 2013-03-12 2014-09-15
ARTISAN FDS INC INTERNATIONAL P 2013-05-01 2014-03-13
ISHARES MSCI EMERGING MKTS INDEX FUND P 2013-05-01 2014-03-13
ARTISAN FDS INC INTERNATIONAL P 2012-07-26 2014-03-13
HARBOR FD INTL P 2012-07-26 2014-03-13
ISHARES MSCI EMERGING MKTS INDEX FUND P 2012-07-23 2014-03-13
THIRD AVENUE INTERNATIONAL VALUE FUND P 2012-07-26 2014-03-13
BWAS MULTI-MANAGER INTERNATIONAL EQUITY LP P 2014-04-01 2014-12-31
BWAS MULTI-MANAGER INTERNATIONAL EQUITY LP P 2013-04-01 2014-12-31
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 75,003   75,279 -265
b 1,482   1,489 -7
c 152,431   80,813 71,618
d 3,035   2,903 132
e 99,217   85,184 14,033
7,526   3,565 3,961
36,862   41,148 -4,286
33,335   33,551 -216
13,309   46 13,263
10,641   8,247 2,394
71,070   48,687 22,383
3,199   2,354 845
22,793   10,525 12,268
16,181   14,356 1,825
104,049   86,568 17,481
5,246   4,707 539
354,802   329,048 25,754
194,277   205,430 -11,153
1,042,321   828,123 214,198
25,000   25,000 0
331,017   323,094 7,923
16,438   15,000 1,438
4,471   4,959 -488
33,390   25,000 8,390
101,878   82,133 19,745
24,183   23,250 933
16,205   12,500 3,705
    1,503 -1,503
210     210
9,316     9,316
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       -265
b       -7
c       71,618
d       132
e       14,033
      3,961
      -4,286
      -216
      13,263
      2,394
      22,383
      845
      12,268
      1,825
      17,481
      539
      25,754
      -11,153
      214,198
      0
      7,923
      1,438
      -488
      8,390
      19,745
      933
      3,705
      -1,503
      210
      9,316
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 2 434,436
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 314,250 9,869,411 0.031841
2012 22,900 7,037,305 0.003254
2011 18,850 41,508 0.454129
2010 14,600 0 0.000000
2009 13,800 0 0.000000
2 Total of line 1, column (d) ...................... 2 0.489224
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 0.097845
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 10,597,220
5 Multiply line 4 by line 3....................... 5 1,036,885
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,990
7 Add lines 5 and 6......................... 7 1,038,875
8 Enter qualifying distributions from Part XII, line 4.............. 8 458,933
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 3,980
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 3,980
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 3,980
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 13,040
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 13,040
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 9,060
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet9,060 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
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletLORI MASSUTTI Telephone no.bullet (217) 423-6000
    Located atbullet132 S WATER ST STE 300DECATURIL ZIP+4bullet62523
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    RICHARD TARRO DIRECTOR
    1.00     		0 0 0
    132 SOUTH WATER STREET
    DECATUR,IL62523
    T G BOLEN DIRECTOR
    1.00     		18,000 0 0
    202 S FRANKLIN STREET FLR 2
    DECATUR,IL62523
    CHARLOTTE A BALLANCE DIRECTOR
    1.00     		18,000 0 0
    425 TIMBER DR
    DECATUR,IL62521
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,408,124
    b
    Average of monthly cash balances.......................
    1b
    350,475
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,758,599
    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
    10,758,599
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    161,379
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,597,220
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    529,861
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    529,861
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    3,980
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,980
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    525,881
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    525,881
    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
    525,881
    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
    458,933
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    458,933
    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
    458,933
    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 7 525,881
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 457,213
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 458,933
    a Applied to 2013, but not more than line 2a 457,213
    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..... 1,720
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		524,161
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARGENTA-OREANA PUBLIC LIBRARY DISTRICT
    PO BOX 278
    OREANA,IL62554     		NONE NONPROFIT CHARITABLE 1,500
    BABY TALK INC
    500 EAST LAKE SHORE DRIVE
    DECATUR,IL62521     		NONE NONPROFIT CHARITABLE 12,500
    BARCLAY PUBLIC LIBRARY
    220 EAST MAIN STREET
    WARRENSBURG,IL62573     		NONE NONPROFIT CHARITABLE 1,500
    BEAR CREEK CEMETERY
    BEAR CREEK CEMETERY
    VERNON,IL62892     		NONE NONPROFIT CHARITABLE 1,000
    BLUE MOUND MEMORIAL LIBRARY
    PO BOX 317
    BLUE MOUND,IL62513     		NONE NONPROFIT CHARITABLE 1,500
    CENTRAL CHRISTIAN CHURCH
    650 W WILLIAM STREET
    DECATUR,IL62522     		NONE NONPROFIT CHARITABLE 50,000
    DECATUR GENEOLOGICAL SOCIETY
    1255 W SOUTH SIDE DR
    DECATUR,IL62521     		NONE NONPROFIT CHARITABLE 2,000
    DECATUR PUBLIC LIBRARY
    130 N FRANKLIN STREET
    DECATUR,IL62523     		NONE NONPROFIT CHARITABLE 12,000
    DOVE INC CO MAX
    201 W NORTH STREET
    DECATUR,IL62522     		NONE NONPROFIT CHARITABLE 10,000
    FORSYTH PUBLIC LIBRARY
    268 SOUTH ELWOOD STREET
    FORSYTH,IL62535     		NONE NONPROFIT CHARITABLE 1,500
    INTERNATIONAL RETT SYNDROME FOUNDATION
    PO BOX 706143
    CINCINNATI,OH452706143     		NONE NONPROFIT CHARITABLE 15,000
    JAMES MILLIKIN HOMESTEAD
    125 NORTH PINE STREET
    DECATUR,IL62525     		NONE NONPROFIT CHARITABLE 10,000
    JUVAE JAZZ SOCIETY
    PO BOX 2323
    DECATUR,IL62524     		NONE NONPROFIT CHARITABLE 2,000
    MAGASSI CEMETERY
    478 SHADY GROVE ROAD
    PATOKA,IL62875     		NONE NONPROFIT CHARITABLE 1,000
    MAROA PUBLIC LIBRARY
    305 E GARFIELD
    MAROA,IL61756     		NONE NONPROFIT CHARITABLE 1,500
    MCKENDREE UNIVERSITY
    701 COLLEGE ROAD
    LEBANON,IL62254     		NONE NONPROFIT EDUCATIONAL 20,000
    MILLIKIN UNIVERSITY
    1184 W MAIN STREET
    DECATUR,IL62522     		NONE NONPROFIT EDUCATIONAL 120,000
    MT ZION PUBLIC LIBRARY
    115 WEST MAIN STREET
    MT ZION,IL62549     		NONE NONPROFIT CHARITABLE 1,500
    MURRAY STATE UNIVERSITY
    200 HERITAGE HALL
    MURRAY,KY42071     		NONE NONPROFIT EDUCATIONAL 20,000
    PATOKA PUBLIC LIBRARY
    PO BOX 58
    PATOKA,IL62875     		NONE NONPROFIT CHARITABLE 10,000
    RICHLAND COMMUNITY COLLEGE FOUNDATION
    ONE COLLEGE PARK
    DECATUR,IL62521     		NONE NONPROFIT EDUCATIONAL 35,000
    RUSH CREEK CEMETERY
    715 WHIRMANTLER DRIVE
    UNION CITY,TN38261     		NONE NONPROFIT CHARITABLE 2,000
    RUSH CREEK METHODIST CHURCH
    541 SUBLETTE ROAD
    HICKMAN,KY420507231     		NONE NONPROFIT CHARITABLE 2,000
    SOUTH MACON PUBLIC LIBRARY
    451 WEST GLENN STREET
    MACON,IL62544     		NONE NONPROFIT CHARITABLE 1,500
    SPASTIC PARALYSIS RESEARCH FOUNDATION
    2416 E WASHINGTON ST SUITE B-2
    BLOOMINGTON,IL61704     		NONE NONPROFIT CHARITABLE 500
    TAMASSEE DAR SCHOOL INC
    1925 BUMGARTNER DRIVE
    TAMASSEE,SC29686     		NONE NONPROFIT CHARITABLE 10,000
    THE CCSCI CHARITABLE FUND
    210 W MCKINLEY AVE SUITE 1
    DECATUR,IL62526     		NONE NONPROFIT EDUCATIONAL 10,000
    THE CROSSNORE SCHOOL
    100 DAR DR PO BOX 249
    CROSSNORE,NC28616     		NONE NONPROFIT CHARITABLE 10,000
    VERNON CEMETERY
    VERNON CEMETERY
    VERNON,IL62892     		NONE NONPROFIT CHARITABLE 1,000
    WEBSTER CANTRELL HALL
    1942 E CANTRELL ST
    DECATUR,IL62521     		NONE NONPROFIT CHARITABLE 92,433
    Total .................................bullet 3a 458,933
    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 ............     		         
    4 Dividends and interest from securities....     14 301,439  
    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.....     14 455  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 434,436  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 736,330 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13736,330
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    TS & JUANITA BALLANCE FOUNDATION
    EIN: 26-4741427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 16,173 16,173   0

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    TS & JUANITA BALLANCE FOUNDATION
    EIN: 26-4741427
    Name of Bond End of Year Book Value End of Year Fair Market Value
    METROPOLITAN WEST FDS 461,170 461,582
    PRINCIPAL LIFE INC FUND 5.55% 25,607 25,402
    HEALTH CARE REIT INC 5.875% 25,574 25,467
    REGIONS FINANCIAL CORP 5.75% 25,504 25,519
    KEYCORP BANK MEDIUM TERM 3.75% 25,725 25,440
    AMERICAN EXPRESS CR CORP 2.75% 25,486 25,386
    COMERICA INC 3.0% 25,552 25,373
    FIFTH THIRD BANCORP 3.625% 25,950 25,617
    SUNTRUST BANKS INC 3.6% 25,881 25,785
    JP MORGAN CHASE & CO 3.15% 25,946 25,699
    PNC FUNDING CORP 2.7% 25,820 25,674
    JOY GLOBAL INC 6.0% 27,085 27,002
    GILEAD SCIENCES INC 3.05% 25,974 25,941
    MORGAN STANLEY 4.75% 26,688 26,630
    AMGEN INC 5.85% 27,807 27,538
    CHARLES SCHWAB 6.375% 28,414 28,115
    BLACKROCK NT 6.25% 28,612 28,007
    CAPITAL ONE FINANCIALS 6.75% 28,604 28,204
    LOWES COS 6.1% 28,451 28,037
    AMAZON COM INC 1.2% 24,776 24,735
    THERMO FISHER SCIENTIFIC INC 1.85% 25,121 24,803
    WACHOVIA CORP GLOBAL MTN 5.75% 28,509 27,995
    BERKSHIRE HATHAWAYS INC 1.55% 24,850 24,988
    VENTAS RLTY LTD PARTNERSHIP 2.0% 35,254 35,031
    NORFOLK SOUTHERN CORP 5.75% 28,412 28,056
    PEPSICO INC 5.0% 27,998 27,643
    JOHN DEERE CAP CORP 5.75% 28,901 28,395
    OMNICOM GROUP INC 28,628 28,980
    ZIMMER HOLDINGS INC 49,269 49,157
    CITIGROUP INC 5.5% 57,157 56,828
    INTEL CORP 51,623 52,432
    MOSAIC CO 52,174 52,040
    DODGE & COX INCOME FUND 139,000 138,799
    EATON VANCE FLOATING RATE FUND 75,000 73,633
    PIMCO FDS TOTAL RETURN BOND FUND 108,428 100,947
    PIMCO UNCONSTRAINED BOND FUND 35,000 34,875
    TEMPLETON GLOBAL BOND FUND 67,000 63,519

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    TS & JUANITA BALLANCE FOUNDATION
    EIN: 26-4741427
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BWAS INTERNATIONAL VALUE EQUITY LTD 470,000 464,658
    VANGUARD INTL EQUITY INDEX FDS 124,681 124,062
    BWAS LOCAL CURRENCY EMERGING MARKET DEBT LTD 250,621 242,093
    ACTAVIS PLC 8,529 20,850
    ADT CORPORATION 5,216 5,253
    AMC NETWORKS INC 2,421 3,954
    ANADARKO PETROLEUM CORP 18,522 20,295
    AUTODESK INC 6,347 12,312
    BIOGEN IDEC INC 8,050 18,670
    BROADCOM CORP 10,074 13,086
    CABLEVISION SYSTEMS CORP 9,021 12,405
    CITRIX SYSTEMS INC 8,945 7,784
    COMCAST CORPORATION 16,556 29,013
    COVIDIEN PLC 4,242 8,489
    CREE INC 9,851 11,277
    DIRECTV 4,758 7,890
    DOLBY LABORATORIES INC 7,081 9,228
    FLUOR CORP 7,107 8,367
    FREEPORT MCMORAN COPPER & GOLD 5,043 3,270
    IMMUNOGEN INC 2,524 1,074
    ISIS PHARMACEUTICALS INC 2,368 10,743
    L-3 COMMUNICATIONS HOLDINGS INC 9,395 16,912
    LIBERTY BROADBAND CORP SER A 380 601
    LIBERTY BROADBAND CORP SER C 722 1,146
    LIBERTY INTERACTIVE CORPORATION INTERACTIVE 4,475 8,473
    LIBERTY INTERACTIVE CORP LIBERTY 706 1,396
    LIBERTY MEDIA CORP DEL SER C 2,981 4,554
    LIBERTY MEDIA CORP DELAWARE CL A 1,134 1,658
    NATIONAL OILWELL VARCO INC 5,956 5,505
    NOW INC 783 643
    NUANCE COMMUNICATIONS 3,882 3,639
    NUCOR CORP 7,135 9,270
    PALL CORP 7,046 12,854
    PENTAIR PLC 2,868 4,583
    SANDISK CORP 7,162 17,049
    SEAGATE TECHNOLOGY 9,198 19,883
    STARZ 505 1,396
    TE CONNECTIVITY LTD 8,842 16,002
    TYCO INTL 7,920 12,456
    UNITED HEALTH GROUP INC 13,098 24,363
    VERTEX PHARMACEUTICALS INC 4,830 10,692
    WEATHERFORD INTERNATIONAL 21,456 19,946
    LIBERTY BROADBAND CORP RT PUR 0 85
    ALTRIA GROUP INC 13,275 18,624
    AMERICAN ELECTRIC POWER CO INC 3,444 4,858
    AT&T INC 17,342 16,190
    BCE INC 8,178 8,392
    BP PLC SPONSERED ADR 12,266 11,017
    CHEVRON CORPORATION 6,675 6,731
    COCA COLA COMPANY 6,614 7,009
    CONOCOPHILLIPS 8,668 10,152
    DOMINION RESOURCES INC 6,832 9,459
    DUKE ENERGY CORPORATION 11,889 15,204
    GENERAL MILLS 6,389 6,506
    GLAXOSMITHKLINE PLC 17,451 15,386
    JOHNSON & JOHNSON 6,088 9,098
    KIMBERLY CLARK CORP 6,949 9,821
    KINDER MORGAN INC 3,885 4,019
    KRAFT FOODS GROUP INC 13,454 17,294
    MCDONALDS CORP 14,795 14,523
    MERCK & CO 11,631 15,106
    NATIONAL GRID PLC 11,999 15,333
    PPL CORPORATION 8,453 10,318
    PEPSICO INC 3,338 4,350
    PHILIP MORRIS INTERNATIONAL 16,599 16,209
    PROCTOR & GAMBLE CO 11,774 13,572
    REYNOLDS AMERICAN INC 12,393 17,353
    ROYAL DUTCH SHELL PLC 13,965 13,425
    SOUTHERN CO 12,532 13,603
    TOTAL S.A. 13,271 13,466
    UNILEVER PLC 9,906 9,715
    VERIZON COMMUNICATIONS 15,571 15,765
    VODAFONE GROUP PLC 11,512 7,552
    WILLIAMS COMPANIES INC 9,136 10,606
    HCP INC 8,025 8,894
    HEALTH CARE REIT INC 6,756 8,702
    REALTY INCOME CORP 4,578 5,153
    SENIOR HSG PPTYS TR 5,463 4,820
    VENTAS INC 7,525 8,676
    ACCO BRANDS CORP 2,294 3,108
    AMAG PHARMACEUTICALS INC 2,675 7,672
    AMERICAN SUPERCONDUCTOR CORP 1,596 311
    ANALOGIC CORP 5,569 6,769
    ANN INC 4,987 5,107
    ARIAD PHARMACEUTICALS INC 7,834 3,950
    ASCENT CAPITAL GROUP INC 2,595 2,647
    BTU INTERNATIONAL INC 683 909
    BANCORPSOUTH INC 3,521 4,502
    BEACON ROOFING SUPPLY INC 3,727 3,614
    BERKSHIRE HILLS BANCORP INC 2,572 3,066
    BOSTON PRIVATE FINANCIAL HLDGS 4,576 6,466
    BRIGGS & STRATTON CORP 3,390 3,982
    CABOT CORP 3,823 4,825
    CALLAWAY GOLF CO 1,464 1,963
    CARDIOVASCULAR SYSTEMS INC 2,616 8,573
    CARRIZO OIL & GAS INC 2,373 3,952
    CARTER'S INC 2,216 3,492
    CITY NATIONAL CORP 3,359 5,253
    CLICKSOFTWARE TECHNOLOGIES 2,861 2,405
    COLUMBIA BANKING SYSTEMS INC 3,045 4,694
    CROCS INC 3,270 2,935
    CSG SYSTEMS INTERNATIONAL INC 4,152 4,889
    CYTOKINETICS INC 1,269 1,802
    DARLING INTERNATIONAL INC 4,471 4,903
    DIANA SHIPPING INC 1,056 1,074
    DURECT CORP 2,049 1,499
    DYCOM INDUSTRIES 2,613 6,141
    EXTREME NETWORKS INC 4,842 2,912
    FERRO CORP 4,224 6,415
    FINISAR CORP 3,300 2,911
    FIRST NIAGARA FINANCIAL GROUP INC 3,390 3,498
    FRANCESCAS HLDGS CORP 2,607 2,588
    FREIGHTCAR AMERICA INC 890 1,315
    HANCOCK HOLDING CO 1,330 1,381
    HANOVER INSURANCE GROUP INC 2,854 5,706
    HORNBECK OFSHORE SVCS INC 2,318 1,248
    HORSEHEAD HOLDING CORP 4,013 4,986
    HUDSON GLOBAL INC 1,263 851
    KEY ENERGY SERVICES INC 2,413 509
    KONA GRILL INC 2,096 5,657
    KRATION PERFORMANCE POLYMERS INC 4,465 3,742
    LIMELIGHT NETWORKS INC 1,892 2,091
    STEVEN MADDEN LTD 6,624 7,385
    METTERSIGHT CORP 3,766 4,031
    MAXWELL TECHNOLOGIES INC 1,642 1,961
    MEADOWBROOK INSURANCE GROUP 2,094 2,326
    MENTOR GRAPHICS CORP 4,200 5,590
    MERCURY SYSTEMS INC 4,104 5,916
    METALICO INC 928 139
    METHODE ELECTRONICS INC 3,358 6,389
    MODUSLINK GLOBAL SOLUTIONS INC 707 844
    NAUTILUS INC 847 5,313
    NEWPARK RESOURCES INC 2,630 3,673
    NORTHFIELD BANCORP INC 2,435 2,738
    OLD REPUBLIC INTL CORP 2,193 3,657
    PATTERSON UTI ENERGY INC 2,300 2,074
    PEGASYSTEMS INC 4,585 7,062
    PERFICIENT INC 4,903 7,359
    PROGRESS SOFTWARE CORP 3,089 4,323
    QUIKSILVER INC 1,912 1,337
    RTI INTERNATIONAL METALS INC 3,048 3,536
    REX ENERGY CORP 3,408 1,249
    SHOE CARNIVAL INC 5,897 6,936
    SODASTREAM INTERNATIONAL LTD 1,305 704
    SONUS NETWORKS INC 2,376 4,387
    SOUTHWEST BANCORP INC 1,940 2,864
    SPIRIT AIRLINES INC 2,736 12,093
    STANCORP FINL GROUP INC 2,486 5,589
    SUNOPTA INC 3,199 6,340
    SYPRIS SOLUTIONS INC 2,565 1,011
    TELEFLEX INC 3,618 6,315
    TELETECH HOLDINGS INC 3,389 4,854
    TEMPUR SEALY INTERNATIONAL INC 2,971 5,216
    TENNANT CO 2,066 3,969
    TEREX CORP 3,512 4,461
    TRIANGLE PETROLEUM CORP 4,017 2,940
    TRICO BANCSHARES 1,551 2,470
    US PHYSICAL THERAPY INC 3,811 6,084
    ULTRATECH INC 3,755 2,320
    UNITED FINL BANCORP INC 3,118 3,734
    UNIVERSAL FOREST PRODUCTS INC 1,722 2,394
    VICOR CORP 2,456 3,727
    VOLCANO CORP 3,653 2,324
    WATTS WATER TECHNOLOGIES INC 3,508 6,027
    WAUSAU PAPER CORP 2,972 3,752
    XCERRA CORP 3,123 5,175
    ALEXANDRIA REAL ESTATE 4,796 5,768
    ALTISOURCE RESIDENTIAL CORP 667 485
    AMERICAN HOMES 4 RENT 633 681
    AMREIT INC 2,798 4,246
    APARTMENT INVESTMENT & MANAGEMENT CO 2,714 3,901
    AVALONBAY COMMUNITIES INC 3,557 4,085
    BOSTON PROPERTIES INC 3,338 3,861
    BRANDYWINE REALTY TRUST 2,874 3,675
    CBL & ASSOCIATES PROPERTIES INC 2,759 2,525
    CAMDEN PROPERTY TRUST 3,835 4,061
    DIGITAL REALTY TRUST 4,311 3,978
    DOUGLAS EMMETT INC 3,247 3,976
    EPR PROPERTIES 3,809 4,899
    EASTGROUP PROPERTIES INC 3,280 3,799
    EQUITY LIFESTYLE PROPERTIES INC 2,049 2,835
    EQUITY ONE INC 1,372 1,522
    ESSEX PROPERTY TRUST INC 3,936 5,165
    FEDERAL REALTY INVT TRUST 3,759 4,671
    GEO GROUP INC 1,995 2,381
    GRAMERCY PPTY TR INC 3,018 3,567
    HCP INC 2,910 2,862
    HEALTH CARE REIT INC 3,673 4,919
    HOSPITALITY PROPERTIES TRUST 4,751 5,890
    HOST HOTELS & RESORTS INC 4,554 6,774
    LTC PROPERTIES INC 2,188 2,806
    LEXINGTON REALTY TRUST 2,779 3,349
    MONMOUTH REAL ESTATE INVT CORP 1,279 1,328
    NATIONAL RETAIL PROPERTIES INC 2,931 3,740
    PUBLIC STORAGE 8,021 10,167
    REALTY INCOME CORP 3,515 4,055
    SENIOR HSG PPTYS TR 2,376 2,432
    SILVER BAY RLTY TR 594 629
    SIMON PROPERTY GROUP INC 9,725 11,837
    TANGER FACTORY OUTLET CENTERS 3,856 4,250
    VENTAS INC 3,239 3,585
    VORNADO REALTY TRUST 2,309 2,943
    WASHINGTON PRIME GRP INC 656 603
    WEINGARTEN REALTY INVESTORS 2,789 3,492
    WEYERHAESER CO 3,726 4,486
    ACADIAN EMERGING MARKETS 217,018 203,916
    AMERICAN INTL GROUP INC 30,333 34,670
    AMGEN INC 15,813 49,858
    APPLE INC 72,698 128,151
    AQR DIVERSIFIED ARBITRAGE 202,116 184,346
    AQR MANAGED FUTURES 201,559 211,752
    BAKER HUGHES INC 15,306 13,345
    BECTON DICKINSON 27,478 43,140
    BERKSHIRE HATHAWAYS CL B NEW 33,712 43,393
    BIOGEN IDEC INC 13,211 16,294
    BLACKROCK COM 31,338 45,768
    BROOKFIELD GLB LISTED REAL ESTATE 80,538 86,376
    CALIFORNIA RES CORP 686 452
    CAPITAL ONE FINANCIAL 14,529 16,593
    CELGENE CORP 12,951 17,674
    CENTURYLINK INC 4,600 4,670
    CHEVRON CORPORATION 26,383 30,513
    CISCO 15,778 20,194
    COHEN & STEERS GLB 79,272 97,306
    COLGATE PALMOLIVE 18,608 22,279
    CONGRESS MID CAP GROWTH INSTL FUND 98,658 131,035
    CROWN CASTLE INTL CORP 4,370 4,486
    DANAHER 22,407 31,027
    DFA EMERGING MARKETS SMALL CAP 53,142 47,420
    DIAGEO PLC 18,449 17,684
    WALT DISNEY 15,448 43,798
    EMC CORP 15,818 19,331
    EMERSON ELEC CO 26,106 23,210
    EOG RES INC 26,049 27,713
    EXPEDIATORS 22,894 26,097
    EXPRESS SCRIPTS HLDG CO 28,266 36,916
    EXXON MOBIL 26,483 33,559
    FACEBOOK INC 20,975 22,392
    GENERAL ELECTRIC 48,505 53,016
    GENTEX CORP 11,283 13,910
    GMO INTL OPP EQUITY ALLOC 240,061 249,823
    GOLDMAN SACHS EM DEBT 162,160 149,046
    GOODYEAR TIRE & RUBBER CO 16,535 17,571
    GOOGLE INC 45,748 43,691
    HEWLETT PACKARD 14,019 18,821
    INTEL CORP 17,902 25,294
    ISHARES RUSSELL 2000 INDEX 49,398 63,757
    JP MORGAN CHASE & CO 35,102 38,800
    JOHNSON & JOHNSON 32,081 52,599
    LOWES COS 35,858 46,578
    LSV SMALL CAP VALUE FUND 51,566 51,488
    LYONDELLBASELL INDUSTRIES 21,630 15,322
    MEDTRONIC 30,201 47,435
    MICROSOFT 37,285 47,611
    MONSANTO 32,145 37,275
    NATIONAL OILWELL VARCO INC 26,741 28,637
    NIKE 27,499 49,229
    NTT DOCOMO INC 8,274 7,840
    NUCOR CORP 18,462 16,726
    OCCIDENTAL PETE CORP 19,073 16,606
    OMNICOM GROUP INC 12,681 13,867
    ORACLE 33,721 55,223
    PENTAIR PLC 8,830 7,638
    PEPSICO INC 32,032 46,902
    PIMCO COMMODITY REAL RETURN 81,129 54,987
    PIMCO EM DEBT 174,204 132,982
    PROCTOR AND GAMBLE 30,727 45,636
    PFIZER INC 46,210 46,227
    QUALCOMM INC 20,744 21,258
    RAYTHEON CO 15,585 16,009
    REGIONS FINANCIAL CORP 14,481 14,816
    SCHLUMBERGER LTD 39,716 43,815
    SNAP ON INC 8,890 11,076
    STARBUCKS 14,072 15,097
    STONE HARBOR HIGH YIELD BOND FUND 156,171 145,016
    TEMPLETON FOREIGN EQUITY FUND 117,044 116,877
    THIRD AVENUE GLBL REIT 79,757 96,073
    TIME WARNER INC 15,457 17,169
    TORCHMARK CORP 10,138 10,509
    UNION PAC CORP 24,802 31,569
    UNITED TECHNOLOGIES 17,657 28,175
    US BANCORP 16,030 20,947
    VANGUARD INTERNATIONAL EXPLORER FD 157,500 165,563
    VENTAS INC 19,167 21,869
    VF CORP 11,802 14,680
    WELLS FARGO & CO 21,312 47,364
    WILLIAM BLAIR EMERGING MKTS SMALL CAP GROWTH 67,636 65,689
    XEROX CORP 14,289 17,159
    ASTON FAIRPOINTE MID CAP FUND 53,952 72,115
    HARBOR FD CAP APPRECIATION FD 108,938 157,838
    HARDING LOEVNER EMERGING MARKETS 30,000 29,451
    MFS VALUE FUND CLASS 125,000 182,106
    MAINSTAY EPOCH GLOBAL EQUITY 81,500 82,286
    PNC INTERNATIONAL EQUITY FUND 175,000 162,847
    PNC SMALL CAP FUND 35,000 35,591
    T ROWE PRICE VALUE FUND 114,000 162,222
    T ROWE PRICE REAL ESTATE FUND 32,084 41,253
    TOUCHSTONE SANDS CAPITAL SELECT GROWTH FUND 102,476 157,603
    DIAMOND HILL LONG-SHORT FUND 35,000 38,305
    JP MORGAN RESEARCH MARKET NEUTRAL FUND 30,000 30,019
    ASG GLOBAL ALTERNATIVES FUND 35,000 33,228

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    TS & JUANITA BALLANCE FOUNDATION
    EIN: 26-4741427
    US Government Securities - End of Year Book Value:

    498,760
    US Government Securities - End of Year Fair Market Value:

    498,532
    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:
    TS & JUANITA BALLANCE FOUNDATION
    EIN: 26-4741427
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOLDMAN SACHS BANK USA CD .0.65% AT COST 100,000 100,077
    DISCOVER BK CD 0.8% AT COST 100,000 100,179

    TY 2014 OtherExpensesSchedule
    Name:
    TS & JUANITA BALLANCE FOUNDATION
    EIN: 26-4741427
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE FEES 15 15   0
    FILING FEES 30 30   0
    INSURANCE 995 995   0
    INVESTMENT FEES 91,858 91,858   0
    FUNDS REPAYMENT TO BALLANCE ESTATE 385,000 385,000   0
    BWAS OTHER DEDUCTIONS 2,351 2,351   0


    TY 2014 OtherIncomeSchedule2
    Name:
    TS & JUANITA BALLANCE FOUNDATION
    EIN: 26-4741427
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BWAS OTHER INCOME 455 455 455


    TY 2014 OtherLiabilitiesSchedule
    Name:
    TS & JUANITA BALLANCE FOUNDATION
    EIN: 26-4741427
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO TS BALLANCE TESTAMENTARY TRUST 0 250,000


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    TS & JUANITA BALLANCE FOUNDATION
    EIN: 26-4741427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 3,725 3,725   0


    TY 2014 TaxesSchedule
    Name:
    TS & JUANITA BALLANCE FOUNDATION
    EIN: 26-4741427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 388 388   0
    FEDERAL TAX 18,650 0   0
    BWAS FOREIGN TAX 779 779   0