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
THE STEPHEN PHILIBOSIAN FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)46-930 W ELDORADO DR   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
INDIAN WELLS, CA92210
A Employer identification number

23-7029751
B Telephone number (see instructions)

(760) 568-3920
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$8,460,763J 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 54,825 54,825 54,825
4 Dividends and interest from securities...... 183,583 183,583 183,583
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 443,769
b Gross sales price for all assets on line 6a 2,058,434
7 Capital gain net income (from Part IV, line 2)... 443,769
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 2,277 2,277 2,277
12 Total. Add lines 1 through 11........ 684,454 684,454 240,685
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,500      
c Other professional fees (attach schedule).... Click to see attachment 41,361 37,979   3,382
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,817 2,767   50
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 29,197 4,572   24,625
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 77,875 45,318   28,057
25 Contributions, gifts, grants paid........ 615,024 615,024
26 Total expenses and disbursements. Add lines 24 and 25 692,899 45,318   643,081
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,445
b Net investment income (if negative, enter -0-) 639,136
c Adjusted net income (if negative, enter -0-)... 240,685
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............... 71,741 65,880 65,880
2 Savings and temporary cash investments.......... 18,632 119,403 119,403
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)      
b Investments—corporate stock (attach schedule)........ 3,019,189 Click to see attachment3,044,948 4,650,982
c Investments—corporate bonds (attach schedule)........ 1,313,718 Click to see attachment1,214,805 1,255,403
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,911,222 Click to see attachment1,880,095 2,369,095
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) 6,334,502 6,325,131 8,460,763
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 2,956,367 2,956,367
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,378,135 3,368,764
30 Total net assets or fund balances (see instructions)...... 6,334,502 6,325,131
31 Total liabilities and net assets/fund balances (see instructions).. 6,334,502 6,325,131
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 6,334,502
2 Enter amount from Part I, line 27a..................... 2 -8,445
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 6,326,057
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 926
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 6,325,131
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 DARDEN RESTAURANTS P 2013-05-22 2014-04-01
b WALT DISNEY P 2010-04-19 2014-06-09
c FG POOL G04477 P 2008-08-11 2014-01-15
d FGMLC POOL A81144 P 2008-08-18 2014-04-15
e MCDONALDS P 2012-09-21 2014-06-09
US TREASURY N/B P 2013-05-22 2014-02-04
DU PONT P 2010-12-31 2014-06-09
FG POOL G04477 P 2008-08-11 2014-02-18
FGMLC POOL A81144 P 2008-08-18 2014-05-15
MCDONALDS P 2010-01-07 2014-06-09
COVIDIEN P 2012-11-14 2014-09-25
DU PONT P 2009-05-08 2014-06-09
FG POOL G04477 P 2008-08-11 2014-03-17
FGMLC POOL A81144 P 2008-08-18 2014-06-16
MCDONALDS P 2010-01-07 2014-10-29
COVIDIEN P 2012-02-29 2014-09-25
FG POOL G08279 P 2008-08-12 2014-01-15
FG POOL G04477 P 2008-08-11 2014-04-15
FGMLC POOL A81144 P 2008-08-18 2014-07-15
NOVARTIS P 2005-07-18 2014-02-11
EATON P 2012-12-04 2014-01-08
FG POOL G08279 P 2008-08-12 2014-02-18
FG POOL G04477 P 2008-08-11 2014-05-15
FGMLC POOL A81144 P 2008-08-18 2014-08-15
ROYAL DUTCH P 1989-09-22 2014-01-08
AT&T P 2010-12-31 2014-04-17
FG POOL G08279 P 2008-08-12 2014-03-17
FG POOL G04477 P 2008-08-11 2014-06-16
FGMLC POOL A81144 P 2008-08-18 2014-09-15
VANGUARD MSCI EURO PACIFIC P 2010-12-31 2014-10-22
APPLE P 2012-05-30 2014-07-08
FG POOL G08279 P 2008-08-12 2014-04-15
FG POOL G004477 P 2008-08-11 2014-07-15
FGMLC P OOL A81144 P 2008-08-18 2014-10-15
VANGUARD MSCI EMERGING MKT P 2010-12-31 2014-01-29
APPLE P 2013-01-30 2014-07-08
FG POOL G08279 P 2008-08-12 2014-05-15
FG POOL G04477 P 2008-08-11 2014-08-15
FGMLC POOL A81144 P 2008-08-18 2014-11-17
VANGUARD MSCI EMERGING MKT P 2011-08-17 2014-01-29
APPLE P 2013-01-30 2014-08-29
FG POOL G08279 P 2008-08-12 2014-06-16
FG POOL G04477 P 2008-08-11 2014-09-15
FGMLC POOL A81144 P 2008-08-18 2014-12-15
VANGUARD MSCI EMERGING MKT P 2010-04-19 2014-01-29
APPLE P 2013-04-02 2014-08-29
FG POOL G08279 P 2008-08-12 2014-07-15
FG POOL G04477 P 2008-08-11 2014-10-15
FED FARM CREDIT P 2007-05-10 2014-10-20
VANGUARD MSCI EMERGING MKT P 2012-11-02 2014-01-29
CDK GLOBAL P 2010-12-31 2014-10-16
FG POOL G08279 P 2008-08-12 2014-08-15
FG POOL G04477 P 2008-08-11 2014-11-17
FANNIE MAE P 2009-07-28 2014-05-15
VANGUARD MSCI EMERGING MKT P 2009-09-10 2014-01-29
CVS HEALTH P 2011-08-02 2014-11-21
FG POOL G08279 P 2008-08-12 2014-09-15
FG POOL G04477 P 2008-08-11 2014-12-15
HAYLARD HEALTH P 2010-12-31 2014-11-24
VERIZON P 2006-09-21 2014-11-24
CISCO SYSTEMS P 2012-05-30 2014-01-08
FG POOL G08279 P 2008-08-12 2014-10-15
FGMLC POOL A81144 P 2008-08-18 2014-01-15
INTEL P 2006-04-24 2014-08-29
DARDEN RESTAURANTS P 2013-02-04 2014-04-01
FG POOL G 08279 P 2008-08-12 2014-11-17
FGMLC POOL A81144 P 2008-08-18 2014-02-18
IBM P 2012-09-21 2014-10-29
WALT DISNEY P 2010-12-31 2014-06-09
FG POOL G08279 P 2008-08-12 2014-12-15
FGMLC POOL A81144 P 2008-08-18 2014-03-17
IBM P 2010-09-07 2014-10-29
(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 15,378   16,082 -704
b 14,909   6,314 8,595
c 256   255 1
d 14   15 -1
e 50,661   46,905 3,756
95,067   99,590 -4,523
27,814   19,893 7,921
258   258  
711   729 -18
58,260   35,756 22,504
15,536   8,976 6,560
85,179   34,398 50,781
241   241  
14   14  
57,770   38,865 18,905
88,776   47,764 41,012
228   228  
255   255  
14   14  
90,727   55,294 35,433
82,677   56,822 25,855
123   123  
275   275  
14   15 -1
109,157   26,593 82,564
50,403   41,170 9,233
145   145  
311   310 1
637   653 -16
57,335   53,950 3,385
16,728   14,309 2,419
157   157  
152   152  
15   15  
89,979   114,849 -24,870
78,862   54,295 24,567
117   117  
179   179  
369   378 -9
59,986   69,840 -9,854
23,013   14,808 8,205
147   147  
154   154  
393   403 -10
9,373   10,548 -1,175
28,127   17,160 10,967
122   122  
95   94 1
75,000   74,323 677
74,983   84,191 -9,208
9   6 3
227   227  
313   312 1
50,000   49,344 656
224,949   223,260 1,689
87,294   35,800 51,494
57   57  
131   131  
10   5 5
79,724   74,049 5,675
33,347   24,651 8,696
136   136  
409   419 -10
53,058   28,992 24,066
43,570   40,022 3,548
73   73  
16   17 -1
24,549   31,077 -6,528
51,115   22,393 28,722
115   116 -1
617   632 -15
45,006   34,803 10,203
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       -704
b       8,595
c       1
d       -1
e       3,756
      -4,523
      7,921
       
      -18
      22,504
      6,560
      50,781
       
       
      18,905
      41,012
       
       
       
      35,433
      25,855
       
       
      -1
      82,564
      9,233
       
      1
      -16
      3,385
      2,419
       
       
       
      -24,870
      24,567
       
       
      -9
      -9,854
      8,205
       
       
      -10
      -1,175
      10,967
       
      1
      677
      -9,208
      3
       
      1
      656
      1,689
      51,494
       
       
      5
      5,675
      8,696
       
      -10
      24,066
      3,548
       
      -1
      -6,528
      28,722
      -1
      -15
      10,203
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 2 443,769
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 -5,227
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 676,848 8,045,915 0.084123
2012 607,379 7,669,647 0.079193
2011 671,457 7,853,435 0.085499
2010 639,103 7,728,515 0.082694
2009 657,734 7,559,200 0.087011
2 Total of line 1, column (d) ...................... 2 0.418520
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 0.083704
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 8,335,566
5 Multiply line 4 by line 3....................... 5 697,720
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,391
7 Add lines 5 and 6......................... 7 704,111
8 Enter qualifying distributions from Part XII, line 4.............. 8 643,081
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 12,783
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  
3 Add lines 1 and 2........................... 3 12,783
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 12,783
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
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  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 75
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 12,858
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, PA
    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 ofbulletJOYCE STEIN Telephone no.bullet (760) 568-3920
    Located atbullet46-930 W EL DORADO DRIVEINDIAN WELLSCA ZIP+4bullet92210
    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
     
     
    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
    MRS JOYCE P STEIN TRUSTEE
    40.00     		0 0 0
    46-930 W ELDORADO DRIVE
    INDIAN WELLS,CA92210
    MR ALBERT MOMJIAN TRUSTEE
    40.00     		0 0 0
    1600 MARKET STREET
    PHILADELPHIA,PA19103
    MRS RICHARD DANELIAN TRUSTEE
    40.00     		0 0 0
    10417 BAINBRIDGE AVENUE
    LOS ANGELES,CA90024
    MRS STEPHANIE LANDES TRUSTEE
    40.00     		0 0 0
    46-650 E ELDORADO DRIVE
    INDIAN WELLS,CA92210
    MR GEORGE PHILLIPS TRUSTEE
    40.00     		0 0 0
    800 WILSHIRE BLVD 15TH FLOOR
    LOS ANGELES,CA90017
    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  
    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.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,254,818
    b
    Average of monthly cash balances.......................
    1b
    207,686
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,462,504
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    8,462,504
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    126,938
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,335,566
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    416,778
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    416,778
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    12,783
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,783
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    403,995
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    403,995
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    403,995
    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
    643,081
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    643,081
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    643,081
    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 7 403,995
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 284,772
    b From 2010....... 257,103
    c From 2011....... 289,817
    d From 2012....... 228,666
    e From 2013....... 281,226
    fTotal of lines 3a through e......... 1,341,584
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 643,081
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 403,995
    e Remaining amount distributed out of corpus 239,086
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,580,670
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		284,772
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,295,898
    10 Analysis of line 9:
    a Excess from 2010.... 257,103
    b Excess from 2011.... 289,817
    c Excess from 2012.... 228,666
    d Excess from 2013.... 281,226
    e Excess from 2014.... 239,086
    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
    ACADEMY OF PALM DESERT COMMUNITY PR
    47-321 HWY 74
    PALM DESERT,CA92260     		  501(C)3 SOCIAL SERVICE 4,075
    ACT FOR MS
    73-710 FRED WARING DR 118
    PALM DESERT,CA92260     		  501(C)3 HEALTH 500
    ADOPT FIRE STATION 71
    100 BEL-AIR RD
    LOS ANGELES,CA90077     		  501(C)3 SOCIAL SERVICE 1,000
    ALPHA NORTH AMERICA
    2450 RIVER OAKS BLVD
    HOUSTON,TX77098     		  501(C)3 MISSION 5,000
    ALZHEIMERS ASSOCIATION
    5900 WILSHIRE SUITE 1100
    LOS ANGELES,CA90036     		  501(C)3 HEALTH 500
    AMAA SPREAD
    125 LOUISE STREET
    GLENDALE,CA91205     		  501(C)3 EDUCATION,SOCIAL SERVICE, MISSIONS 67,500
    AMERICAN ARMENIAN ROSE FLOAT
    BOX 70548
    PASADENA,CA91117     		  501(C)3 SOCIAL SERVICE 2,500
    AMERICAN CILICIA EVANGELICAL CHURCH
    339 S SANTA ANITA AVE
    PASADENA,CA91107     		  501(C)3 RELIGIOUS 500
    AMERICAN FRIENDS OF THE ISRAEL PHIL
    11110 OHIO AVE
    LOS ANGELES,CA90025     		  501(C)3 ARTS/CULTURAL 6,000
    AMERICAN JEWISH COMMUNITY
    18881 VON KARMAN AVE 117
    IRVINE,CA92612     		  501(C)3 SOCIAL SERVICE 5,000
    APOSTOLIC CHURCH OF THE DESERT
    38-900 VISTA DUNES RD
    RANCHO MIRAGE,CA92270     		  501(C)3 RELIGIOUS 500
    ARARAT HOME OF LOS ANGELES
    15105 MISSION HILLS RD
    MISSION HILLS,CA91345     		  501(C)3 SOCIAL SERVICE 700
    ARMENIAN ASSEMBLY
    122 C STREET NW 350
    WASHINGTON,DC20001     		  501(C)3 SOCIAL SERVICE 1,000
    ARMENIAN CONGREGATIONAL CHURCH
    26210 W 12 MILE RD
    SOUTHFIELD,MI48037     		  501(C)3 RELIGIOUS 2,000
    ARMENIAN DIKRANIAN SCHOOL
    1200 N CAHUENGA BLVD
    LOS ANGELES,CA90038     		  501(C)3 EDUCATION 1,000
    ARMENIAN EVANGELICAL CHUR
    4950 FRANKLIN AVE
    LOS ANGELES,CA90027     		  501(C)3 RELIGIOUS 500
    ARMENIAN EVANGELICAL CH CHICAGO
    905 W GOLF RD
    MT PROSPECT,IL60096     		  501(C)3 RELIGIOUS 1,000
    ARMENIAN EVANGELICAL UNION
    411 E ACACIA AVE
    GLENDALE,CA91205     		  501(C)3 RELIGIOUS 1,700
    ARMENIAN EVANGELICAL WOMEN EAST
    72 HILLSIDE DR
    WATERSTOWN,MA02472     		  501(C)3 RELIGIOUS 500
    ARMENIAN EVANGELICAL WOMEN OF EAST
    411 E ACACIA ST 200
    GLENDALE,CA91205     		  501(C)3 SOCIAL SERVICE 500
    ARMENIAN EVANGELICAL WORLD COUNCIL
    3922 YORBA LINDA BLVD
    ROYAL OAKS,MI48073     		  501(C)3 MISSION 3,000
    ARMENIAN FUND
    24209 S SUMMIT RIDGE DR
    CHATSWORTH,CA91314     		  501(C)3 SOCIAL SERVICE 5,000
    ARMENIAN INTERNATIONAL WOMEN
    65 MAIN ST
    WATERTOWN,MA02472     		  501(C)3 SOCIAL SERVICE 5,350
    ARMENIAN MARTYRS CHURCH
    100 N EDMONDS
    HAVERTOWN,PA19083     		  501(C)3 RELIGIOUS 500
    ARMENIAN MISSIONARY ASSOCIATION
    31 W CENTURY RD
    PARAMUS,NJ07652     		  501(C)3 MISSION 11,800
    ARMENIAN WORLD COUNCIL
    1600 MARKET SUITE 3600
    PHILADELPHIA,PA19103     		  501(C)3 SOCIAL SERVICE 5,000
    ARTIST FOR ARMENIAN KIDS
    BOX 3904
    GLENDALE,CA91221     		  501(C)3 ARTS/CULTURAL 500
    ART FOR THE BRAIN
    710 WESTWOOD PLAZA
    LOS ANGELES,CA90095     		  501(C)3 HEALTH 1,000
    ASEMBLEA CHRISTINA DEL VALLE
    BOX 128
    COACHELLA VALLEY,CA92236     		  501(C)3 MISSION/CHARITIES 16,500
    ATHLETES IN ACTION CAMPUS CRUSADE
    5801 N UNION BLVD STE 201
    COLORADO SPRINGS,CO80918     		  501(C)3 MISSION 500
    AVANT MINISTRIES
    1000 NO TRAFFIC WAY
    KANSAS CITY,MO64155     		  501(C)3 RELIGIOUS 2,000
    BERKELEY HALL SCHOOL
    16000 MULHOLLAND DR
    LOS ANGELES,CA90049     		  501(C)3 EDUCATION 26,000
    BRANDYWINE MUSEUM
    P O BOX 141
    CHADDSFORD,PA19317     		  501(C)3 ARTS/CULTURAL 1,400
    BREVARD MUSIC CENTER
    BOX 312
    BREVARD,NC28712     		  501(C)3 ARTS/CULTURAL 1,000
    C EVERT KOOP GRADUATE RESEARCH
    INDIANA UNIV FD BOX 500
    BLOOMINGTON,IN47402     		  501(C)3 EDUCATION 5,000
    CAMP AREV
    PO BOX 11145
    GLENDALE,CA91226     		  501(C)3 EDUCATION 500
    CAMPUS CRUSADE FOR CHRIST
    BOX 628222
    ORLANDO,FL32862     		  501(C)3 MISSION 2,000
    CHILDRENS HOSPITAL
    34TH ST CIVIC CTR BLVD
    PHILADELPHIA,PA19104     		  501(C)3 MISC HEALTH 500
    CHILDREN'S HOSPITAL FOUNDATION
    4650 SUNSET BLVD 29
    LOS ANGELES,CA90027     		  501(C)3 MISC HEALTH 1,000
    CHRISTIAN ASSEMBLY OF THE VALLEY
    BOX 128
    COACHELLA VALLEY,CA92236     		  501(C)3 MISSION/CHARITIES 44,000
    COACHELLA VALLEY ALUMNAE PANHELLENI
    49-105 QUERCUS LANE
    PALM DESERT,CA92260     		  501(C)3 EDUCATION 325
    COACHELLA VALLEY RESCUE MISSION
    47470 VAN BUREN ST
    INDIO,CA92201     		  501(C)3 SOCIAL SERVICE 750
    COACHELLA VALLEY SYMPHONY
    PO BOX 10727
    PALM DESERT,CA92255     		  501(C)3 ARTS/CULTURAL 500
    COLGATE UNIVERSITY
    13 OAK DRIVE
    HAMILTON,NY13346     		  501(C)3 EDUCATION 2,500
    COLLEAGUE HELPERS IN PHIL
    710 SO NEW HAMPSHIRE
    LOS ANGELES,CA90005     		  501(C)3 SOCIAL SERVICE 5,000
    DESERT CHRISTIAN ACADEMY
    40700 YUCCA LANE
    BERMUDA DUNES,CA92203     		  501(C)3 EDUCATION 17,285
    DESERT COMMUNITY FOUNDATION
    75-105 MERLE DR STE 300
    PALM DESERT,CA92211     		  501(C)3 SOCIAL SERVICE 8,600
    DESERT FORUM
    45200 CLUB DR STE C
    INDIAN WELLS,CA92210     		  501(C)3 EDUCATION 4,000
    EISENHOWER HOSPITAL FOUNDATION
    39000 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270     		  501(C)3 MISC HEALTH 20,000
    ELIZABETH TAYLOR AIDS FOUNDATION
    12400 WILSHIRE 1275
    LOS ANGELES,CA90025     		  501(C)3 MISC HEALTH 1,000
    ETCHMIADZIN CHILDREN'S FUND
    3325 N GLEN OAKS BLVD
    BURBANK,CA91504     		  501(C)3 SOCIAL SERVICE 500
    FIRST ARMENIAN PRESBYTERIAN CHURCH
    430 S 1ST ST
    FRESNO,CA93702     		  501(C)3 RELIGIOUS 1,000
    FOREST HOME MINISTRIES
    40000 VALLEY OF THE FALLS
    FOREST FALLS,CA92339     		  501(C)3 SOCIAL SERVICE 1,000
    FOUNDERS THE MUSIC CENTER
    135 N GRAND AVE
    LOS ANGELES,CA90012     		  501(C)3 ARTS/CULTURAL 2,000
    FRIENDS OF THE CULTURAL CENTER
    7300 FRED WARING DR
    PALM DESERT,CA92260     		  501(C)3 ARTS/CULTURAL 1,554
    FRIENDS OF THE FAMILY
    15350 SHERMAN WAY
    VAN NUYS,CA91406     		  501(C)3 SOCIAL SERVICE 900
    HAI BENEFITS CIRCLE
    2435 STAFFORD RD
    THOUSAND OAKS,CA91361     		  501(C)3 MISSION 500
    HAIGAZIAN UNIVERSITY WOMENS AUX
    31 W CENTURY BLVD
    PARAMUS,NJ07652     		  501(C)3 EDUCATION 11,000
    HAIGAZIAN UNIVERSITY
    31 W CENTURY BLVD
    PARAMUS,NJ07652     		  501(C)3 EDUCATION 4,800
    HOLY TRINITY ARMENIAN CHURCH
    11960 VICTORY BLVD
    NORTH HOLLYWOOD,CA91606     		  501(C)3 RELIGIOUS 2,000
    HOPE LIBRARY
    630 W 5TH STREET
    LOS ANGELES,CA90071     		  501(C)3 EDUCATION 522
    IGLESIA BAUTISTE FUNDAMEN
    942 S FORD BLVD
    LOS ANGELES,CA90022     		  501(C)3 MISSION 3,000
    IMMANUEL ARMENIAN CONGREGATIONAL CH
    9516 DOWNEY AVE
    DOWNEY,CA90240     		  501(C)3 RELIGIOUS 500
    INTERNATIONAL CLASSICAL CONCERTS
    P O BOX 1227
    LA QUINTA,CA92253     		  501(C)3 ARTS/CULTURAL 500
    JANE GUDALL INSTITUTE
    1595 SPRING HILL RD 550
    VIENNA,VA22182     		  501(C)3 MISC HEALTH 800
    JUNIOR LEAGUE
    630 N LARCHMONT
    LOS ANGELES,CA90004     		  501(C)3 SOCIAL SERVICE 250
    KAPPA ALPHA THETA FOUNDATION
    8740 FOUNDERS RD
    INDIANAPOLIS,IN46268     		  501(C)3 SOCIAL SERVICE 500
    KUSC
    P O BOX 7913
    LOS ANGELES,CA90007     		  501(C)3 EDUCATION 300
    LARK MUSIC SOCIETY INC - AMAA
    411 E ACACIA AVE
    GLENDALE,CA91203     		  501(C)3 ARTS CULTURAL 2,000
    LEBANESE AMERICAN FOUNDATION
    4800 WILSHIRE BLVD
    LOS ANGELES,CA90010     		  501(C)3 SOCIAL SERVICE 5,000
    LIBERTY INSTITUTE
    2001 W PLANO PARKWAY
    PLANO,TX75075     		  501(C)3 SOCIAL SERVICE 500
    LIBERTY INSTITUTE
    2001 W PLANO PARKWAY
    PLANO,TX75075     		  501(C)3 SOCIAL SERVICE 500
    LIBRARY FOUNDATION OF LOS ANGELES
    630 W 5TH ST
    LOS ANGELES,CA90071     		  501(C)3 EDUCATION 3,595
    LIFE WITHOUT LIMBS
    5701 LINDERO CYN RD 202
    WESTLAKE VILLAGE,CA91362     		  501(C)3 MISC HEALTH 3,000
    LITTLE SISTERS OF THE IMMACULATE CO
    VIA RAFFAELLO SARDIELLO 2
    ROME,ROME  
    IT     		  501(C)3 RELIGIOUS 1,000
    LOREN ZACHERY SOCIETY
    2250 GLOAMING WAY
    BEVERLY HILLS,CA90210     		  501(C)3 ARTS/CULTURAL 4,250
    LOS ANGELES OPERA
    135 N GRAND AVENUE
    LOS ANGELES,CA90012     		  501(C)3 ARTS/CULTURAL 8,200
    LOS ANGELES OPERA 8860 1994635
    135 N GRAND AVENUE
    LOS ANGELES,CA90012     		  501(C)3 ARTS/CULTURAL 1,610
    LOS ANGELES PHILHARMONIC
    151 S GRAND AVENUE
    LOS ANGELES,CA90012     		  501(C)3 ARTS/CULTURAL 8,535
    LOS ANGELES PHILHARMONIC 260577
    151 S GRAND AVENUE
    LOS ANGELES,CA90012     		  501(C)3 ARTS CULTURAL 5,535
    MARYCREST MANOR
    10664 ST JAMES DR
    CULVER CITY,CA90230     		  501(C)3 SOCIAL SERVICE 500
    MARY COOPER COFFEE SCHOLARSHIP
    2403 MERWOOD LANE
    HAVERSTON,PA19083     		  501(C)3 EDUCATION 1,000
    MCCALLUM THEATER
    73000 FRED WARING DRIVE
    PALM DESERT,CA92260     		  501(C)3 ARTS/CULTURAL 10,950
    MERDINIAN SCHOOL
    13330 RIVERSIDE DRIVE
    SHERMAN OAKS,CA91423     		  501(C)3 ARTS CULTURAL 3,000
    METROPOLITAN MUSEUM OF ART
    11 WEST 53 STREET
    NEW YORK,NY10019     		  501(C)3 ARTS/CULTURAL 150
    METROPOLITAN OPERA ASSOCIATION
    88 W END AVENUE
    NEW YORK,NY10023     		  501(C)3 ARTS/CULTURAL 13,750
    MUSIC CENTER
    135 N GRAND AVE
    LOS ANGELES,CA90012     		  501(C)3 ARTS/CULTURAL 7,900
    MUSIC CENTER FOUNDERS
    135 N GRAND AVE
    LOS ANGELES,CA90012     		  501(C)3 ARTS/CULTURAL 1,000
    NATIONAL CATHOLIC COMM FOUNDATION
    1321 GENERALS HIGHWAY
    CROWNSVILLE,MD21032     		  501(C)3 RELIGIOUS 2,000
    NEAR EAST FOUNDATION
    900 S CROUSE AVE
    SYRACUSE,NY13244     		  501(C)3 SOCIAL SERVICE 500
    NOTRE DAME HIGH SCHOOL
    2851 OVERLAND AVE
    LOS ANGELES,CA90064     		  501(C)3 EDUCATION 14,700
    OLD ROMAN CATHOLIC AND
    LOS ANGELES
    LOS ANGELES,CA90012     		  501(C)3 MISSION/CHARITIES 93,125
    OPERATION SAFE HOUSE
    9685 HAYES ST
    RIVERSIDE,CA92503     		  501(C)3 SOCIAL SERVICE 500
    ORRAN
    2217 OBSERVATORY AVE
    LOS ANGELES,CA90027     		  501(C)3 SOCIAL SERVICE 1,500
    OUR LADY QUEEN OF MARTYRS CHURCH
    1322 N PLEASANT AVE
    LOS ANGELES,CA90033     		  501(C)3 RELIGIOUS 500
    PALM DESERT COMMUNITY PRESBYTERIAN
    47-321 HIGHWAY 74
    PALM DESERT,CA92260     		  501(C)3 RELIGIOUS 3,600
    PALM DESERT HIGH SCHOOL
    74910 AZTEC RD
    PALM DESERT,CA92260     		  501(C)3 EDUCATION 8,429
    PALM SPRINGS FRIENDS OF THE PHILHAR
    BOX 12770
    PALM SPRINGS,CA92255     		  501(C)3 ARTS/CULTURAL 4,000
    PEPPERDINE UNIVERSITY
    24255 PACIFIC COAST HIGHW
    MALIBU,CA90265     		  501(C)3 EDUCATION 1,000
    PHILADELPHIA ORCH CENTRAL COMMITTEE
    5103 CONVENT LANE 306
    PHILADELPHIA,PA19114     		  501(C)3 ARTS/CULTURAL 100
    PILGRIM ARMENIAN CONGREGATIONAL CHU
    3673 N 1ST ST
    FRESNO,CA93726     		  501(C)3 RELIGIOUS 1,500
    PROJECT SAVE
    BOX 236
    WATERTOWN,MA02471     		  501(C)3 MISSION 500
    SACRED HEART CATHOLIC SCHOOL
    43776 DEEP CANYON RD
    PALM DESERT,CA92260     		  501(C)3 EDUCATION 9,500
    SAHAG & MESROP ARMENIAN SCHOOL
    2501 N MAIDEN LANE
    ALTADENA,CA91001     		  501(C)3 EDUCATION 500
    SALVATION ARMY
    30-400 LANDAN BLVD
    CATHEDRAL CITY,CA92234     		  501(C)3 MISSION 11,000
    SHARE INC
    P O BOX 1342
    BEVERLY HILLS,CA90213     		  501(C)3 SOCIAL SERVICE 2,000
    SMITHSONIAN INSTITUTION
    P O BOX 37012 SI BLDG
    WASHINGTON,DC20013     		  501(C)3 EDUCATION 84
    ST GARABED ARMENIAN APOSTOLIC CH
    38905 MONTEREY AVE
    RANCHO MIRAGE,CA92270     		  501(C)3 RELIGIOUS 5,000
    ST GREGORY ARMENIAN APOS CHURCH
    2215 E COLORADO
    PASADENA,CA91107     		  501(C)3 SOCIAL SERVICE 500
    ST JOHNS CATHEDRAL
    1350 WASHINTON ST
    DENVER,CO80206     		  501(C)3 RELIGIOUS 500
    STEINWAY SOCIETY
    BOX 3015
    RANCHO MIRAGE,CA92270     		  501(C)3 ARTS/CULTURAL 100
    TOOLS FOR TOMORROW
    75-105 MERLE DR
    PALM DESERT,CA92210     		  501(C)3 SOCIAL SERVICE 1,000
    UCLA FOUNDATION
    10920 WILSHIRE BLVD 900
    LOS ANGELES,CA90024     		  501(C)3 EDUCATION 2,500
    UCLA FOUND VISIONARY BALL
    757 WESTWOOD PLAZA 6236
    LOS ANGELES,CA90095     		  501(C)3 MISC HEALTH 10,000
    UNION OF ARMENIAN EVANGELICAL CH
    BOX 11-0377 RIAD EL SOLH
    BEIRUT,BEIRUT  
    LE     		  501(C)3 RELIGIOUS 1,000
    UNITED ARMENIAN CONGREGAT
    3480 CAHUENGA BLVD
    LOS ANGELES,CA90036     		  501(C)3 RELIGIOUS 1,000
    USC INSTITUTE OF ARMENIAN STUDIES
    3601 WATT WAY GFS-315
    LOS ANGELES,CA90089     		  501(C)3 EDUCATION 5,000
    WALLACE ANNENBERG CTR FOR PERFORM
    991 W PICO
    LOS ANGELES,CA90025     		  501(C)3 ARTS/CULTURAL 20,000
    WARING INTL PIANO COMPETI
    73-710 FRED WARING DR 201
    PALM DESERT,CA92260     		  501(C)3 ARTS/CULTURAL 1,300
    WESTSIDE GUILD FOR CHILDRENS HOSP
    4650 SUNSET BLVD
    LOS ANGELES,CA90027     		  501(C)3 MISC/HEALTH 3,700
    YMCA OF THE DESERT
    43930 SAN PABLO AVE
    PALM DESERT,CA92260     		  501(C)3 SOCIAL SERVICE 300
    Total .................................bullet 3a 615,024
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 54,825  
    4 Dividends and interest from securities....     14 183,583  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        443,769
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aCLASS ACTION PROCEEDS     14 2,277  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   240,685 443,769
    13Total. Add line 12, columns (b), (d), and (e)..................
    13684,454
    (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:
    THE STEPHEN PHILIBOSIAN FOUNDATION
    EIN: 23-7029751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 4,500      

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE STEPHEN PHILIBOSIAN FOUNDATION
    EIN: 23-7029751
    Name of Bond End of Year Book Value End of Year Fair Market Value
    65,000 AMERICAN EXPRESS CREDIT 67,613 66,912
    50,000 APPLE INC. 47,509 48,600
    15,000 COSTCO 15,644 16,415
    25,000 MONSANTO CO 25,160 27,666
    35,000 MORGAN STANLEY 35,379 39,866
    75,000 GE CAPITAL CORP 74,238 75,937
    50,000 UNITED TECHNOLOGIES 50,547 50,700
    75,000 BOTTLING GROUP, LLC 82,933 76,207
    75,000 PRIVATE EXPORT FUNDING 81,694 76,205
    60,000 VERIZON 59,013 58,950
    100,000 BURLINGTON NORTH SANTA FE 100,008 104,946
    100,000 HOME DEPOT 100,237 108,057
    CISCO SYSTEMS 74,120 79,126
    FANNIE MAE    
    FANNIE MAE 06/12/07 75,369 82,918
    FEDERAL FARM CREDIT 10/20/14    
    FG POOL G04477 08/01/38 5,430 6,147
    FG POOL G08279 6,504 7,339
    FGMLC POOLA81144 8,456 9,376
    GOLDMAN SACHS GROUP 74,404 84,053
    MONTGOMERY CNTY PA 9/1/25 53,009 54,671
    PENNSYLVANIA BUILD AMERICA BONDS 77,679 81,437
    US TREASURY NB 1.75% 99,859 99,875

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE STEPHEN PHILIBOSIAN FOUNDATION
    EIN: 23-7029751
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 38,010 89,310
    ALTRIA GROUP 29,418 59,124
    AMERICAN EXPRESS CO 75,101 83,736
    ANHEUSER-BUSCH INBEV 74,893 78,624
    APPLE INC 39,624 70,091
    AT&T    
    AUTOMATIC DATA PROCESSING 40,445 83,370
    BECTON DICKINSON & CO 52,967 93,933
    BLACKROCK 99,489 212,748
    CANADIAN IMPERIAL BANK 47,538 51,570
    CDK GLOBAL, INC. 5,740 13,573
    CHEVRON 85,953 106,571
    CISCO SYS INC    
    COCA-COLA, CO. 49,848 101,328
    COMCAST CORP NEW CL A 55,190 63,811
    COVIDIEN PLC    
    CVS 28,538 77,048
    DARDEN RESTAURANTS    
    DISNEY 36,982 96,545
    DUPONT EL NEMOUR 25,974 68,395
    EATON CORP 70,165 93,445
    EXXON MOBIL CORP 41,355 90,139
    GENERAL ELECTRIC 63,619 84,655
    GENUINE PARTS CO 60,533 125,220
    GLAXOSMITHKLINE 78,252 85,480
    HAYLARD HEALTH 1,688 3,683
    IBM    
    INTEL CORPORATION 35,646 68,044
    JOHNSON & JOHNSON 99,150 180,383
    JPMORGAN CHASE 106,641 156,450
    KIMBERLY CLARK 39,364 75,101
    KRAFT FOODS 63,573 81,458
    LEDGETT & PLATT INC 55,810 72,437
    M&T BK CORP 56,039 81,653
    MASTERCARD INC CLASS A 56,114 68,928
    MATTEL INC 61,377 52,607
    MCDONALDS    
    MEDTRONIC 65,463 64,980
    MERCK & CO 86,433 136,296
    MICROSOFT 77,671 147,479
    NOVARTIS A G    
    ORACLE CORP 101,696 116,922
    PHILIP MORRIS INTERNATIONAL 42,453 40,725
    PROCTOR & GAMBLE CO 58,964 118,417
    QUALCOMM 76,816 100,346
    ROYAL DUTCH PETROLEUM    
    SANOFI-AVENTIS ADR 26,095 31,927
    SCHLUMBERGER LTD 60,255 66,193
    TARGET CORP 65,709 83,501
    TJX COS INC 28,644 41,148
    TOTAL FINA ELF S A 90,585 87,040
    TWENTY FIRST CENTURY FOX B 65,543 68,247
    UNION PACIFIC 36,356 166,782
    UNITED PARCEL SERVICE 67,174 100,053
    UNITED TECHNOLOGIES CORP 63,785 117,875
    UNITEDHEALTH GROUP 54,039 88,454
    VERIZON 71,820 79,526
    WASTE MANAGEMENT 73,729 102,640
    WELLS FARGO & CO 49,000 108,270
    WW GRAINGER INC 107,682 114,701

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE STEPHEN PHILIBOSIAN FOUNDATION
    EIN: 23-7029751
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    8000 EGSHARES EM CONSUMER ETF AT COST 192,956 202,720
    7500 ISHARES DOW JONES EPAC AT COST 220,125 252,675
    3000 ISHARES MCSI CANADA INDEX AT COST 76,769 86,580
    1,950 ISHARES CORE MSCI EMERGING AT COST 328,062 326,859
    1500 ISHARES S&P GLOBAL MATERIALS AT COST    
    1,900 ISHARE S&P MIDCAP 400 AT COST 127,851 275,120
    2,600 ISHARES S&P SMALLCAP 600 AT COST 132,646 296,556
    JPMORGAN ALERIAN MLP INDEX AT COST 124,754 174,610
    1850 VANGUARD FTSE ALL WORLD AT COST 182,496 176,324
    12250 VANGUARD EMERG MARKET AT COST    
    2000 VANGUARD FTSE EUROPE ETF AT COST 105,508 104,820
    7778 VANGUARD EUROPE PACIFIC AT COST 268,614 294,631
    2200 VANGUARD REIT ETF AT COST 120,314 178,200

    TY 2014 OtherDecreasesSchedule
    Name:
    THE STEPHEN PHILIBOSIAN FOUNDATION
    EIN: 23-7029751
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    THE STEPHEN PHILIBOSIAN FOUNDATION
    EIN: 23-7029751
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    COMPUTER EXPENSES 3,317     3,317
    POSTAGE 1,166     1,166
    INSURANCE 2,249     2,249
    OFFICE EXPENSES 9,854     9,854
    TELEPHONE 4,242     4,242
    MEETINGS 1,359     1,359
    FUNDRAISING EXPENSES 1,108     1,108
    TRAVEL 1,330     1,330
    INCOME DESIGNATED AS TAXABLE 4,572 4,572    


    TY 2014 OtherIncomeSchedule2
    Name:
    THE STEPHEN PHILIBOSIAN FOUNDATION
    EIN: 23-7029751
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLASS ACTION PROCEEDS 2,277 2,277 2,277


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE STEPHEN PHILIBOSIAN FOUNDATION
    EIN: 23-7029751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SECRETARY 2,625     2,625
    BOOKKEEPING 757     757
    INVESTMENT FEES 37,979 37,979    


    TY 2014 TaxesSchedule
    Name:
    THE STEPHEN PHILIBOSIAN FOUNDATION
    EIN: 23-7029751
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,767 2,767    
    CA FEES 50     50