TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2014

Open to Public Inspection

For calendar year 2014, or tax year beginning 2014, and ending , 20

Name of foundation
WILLIAM H BUSH MEMORIAL LIBRARY

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 141 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MARTINSBURG, NY13404

A Employer identification number

15-0581771

B Telephone number (see instructions)

(315) 376-7490

C If exemption application is pending, check here bullet

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

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

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

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

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

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

$2,473,739J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............	116,349
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	24		24	24
4	Dividends and interest from securities......	172,718		172,718	172,718
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		61,413
b	Gross sales price for all assets on line 6a 414,678
7	Capital gain net income (from Part IV, line 2)...			61,413
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).......		219		219
12	Total. Add lines 1 through 11........	350,723		234,155	172,961
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......	41,420				41,420
15	Pension plans, employee benefits.......	3,169				3,169
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		5,285			5,285
c	Other professional fees (attach schedule)....		12,748	12,748
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		926			926
19	Depreciation (attach schedule) and depletion...		71,553
20	Occupancy..............	10,885				10,885
21	Travel, conferences, and meetings.......	2,146				2,146
22	Printing and publications..........	17,766				17,766
23	Other expenses (attach schedule).......		8,938			8,938
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	174,836		12,748		90,535
25	Contributions, gifts, grants paid........	0				0
26	Total expenses and disbursements. Add lines 24 and 25	174,836		12,748		90,535
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	175,887
b	Net investment income (if negative, enter -0-)			221,407
c	Adjusted net income (if negative, enter -0-)...				172,961

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	1,751	3,240	3,240
	2	Savings and temporary cash investments..........	159,563	257,690	257,690
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	1,092,544	1,054,845	1,473,057
	c	Investments—corporate bonds (attach schedule)........	77,437	50,005	50,063
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	553,263	639,193	689,689
	14	Land, buildings, and equipment: basis 433,578
		Less: accumulated depreciation (attach schedule) 230,266	147,840	203,312
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,032,398	2,208,285	2,473,739
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................	1,884,561	2,004,974
	25	Temporarily restricted................	147,837	203,311
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions)......	2,032,398	2,208,285
	31	Total liabilities and net assets/fund balances (see instructions)..	2,032,398	2,208,285

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	2,032,398
2	Enter amount from Part I, line 27a.....................	2	175,887
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	2,208,285
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	2,208,285

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	ACE LTD	P	2013-07-22	2014-04-01
b	CALIFORNIA RES CORP	P	2014-11-28	2014-11-28
c	CUMMINS INC	P	2014-05-09	2014-08-28
d	HALYARD HEALTH INC	P	2014-10-31	2014-12-08
e	MASTERCARD INC	P	2012-09-13	2014-06-30
	SALESFORCE.COM INC	P	2013-10-16	2014-04-03
	WASTE MGMT INC	P	2012-09-13	2014-11-03
	AIR PROD & CHEM INC	P	2012-09-13	2014-09-17
	CANADIAN NATURAL RESOURCES LTD	P	2012-09-13	2014-06-23
	CVS CAREMARK CORP	P	2012-09-13	2014-10-06
	HARLEY DAVIDSON INC	P	2012-09-13	2014-10-21
	MCKESSON CORP	P	2014-02-10	2014-12-01
	SCHLUMBERGER LTD	P	2012-09-13	2014-10-07
	YAHOO INC	P	2013-12-02	2014-07-21
	ALLEGHANY CP	P	2012-09-13	2014-09-08
	CAPITAL ONE FINANCIAL CORP	P	2014-06-25	2014-10-22
	DELTA AIR LINES INC	P	2014-03-28	2014-10-17
	HEWLETT PACKARD	P	2012-09-13	2014-01-10
	MICROSOFT CORP	P	2012-09-13	2014-06-20
	STARWOOD HTLS & RSTS	P	2013-11-21	2014-11-06
	BAKER HUGHES INC	P	2001-12-11	2014-05-30
	AMAZON COM INC	P	2012-09-13	2014-05-05
	CATERPILLAR INC	P	2013-01-07	2014-04-08
	DU PONT EI DE NEMOURS & CO	P	2012-09-13	2014-07-02
	HONDA MOTOR COMPANY	P	2013-01-07	2014-10-07
	MONSANTO CO	P	2012-09-13	2014-12-02
	TARGET CORPORATION	P	2012-09-13	2014-05-09
	BK MONTREAL	P	2011-02-17	2014-11-04
	AMER INTL GP INC	P	2012-10-15	2014-03-18
	CDK GLOBAL INC	P	2014-09-30	2014-10-28
	EBAY INC	P	2012-09-13	2014-01-28
	HONEYWELL INTERNATIONAL INC	P	2013-10-11	2014-10-21
	NEWS CORP LTD	P	2012-09-13	2014-02-10
	TE CONNECTIVITY LTD	P	2013-08-28	2014-11-14
	BRISTOL MYERS SQUIBB CO	P	2011-10-28	2014-06-04
	AMERICAN AIRLS GROUP INC	P	2014-07-23	2014-10-17
	CDN PACIFIC	P	2013-04-10	2014-12-12
	EOG RESOURCES INC	P	2012-09-28	2014-12-05
	INTERNATIONAL PAPER CO	P	2012-09-13	2014-09-16
	OCCIDENTAL PETROLEUM CORP	P	2012-09-13	2014-07-24
	TEXAS INSTRUMENTS	P	2012-09-13	2014-05-19
	CLEARBRIDGE ENERGY MLP FD	P	2010-06-24	2014-09-02
	AMERICAN ELECTRIC POWER CO	P	2012-09-13	2014-03-17
	CELGENE CORP	P	2013-02-14	2014-04-14
	EXPRESS SCRIPTS HLDG CO	P	2012-09-13	2014-05-05
	INTL BUSINESS MACHINES CORP	P	2014-09-30	2014-11-05
	PEOPLE'S UNITED FINANCIAL INC	P	2012-09-13	2014-10-31
	TIME INC	P	2014-06-06	2014-07-18
	GENERAL ELECTRIC CO	P	2001-12-11	2014-06-04
	AMERIPRISE FINCL INC	P	2012-09-13	2014-02-05
	CHARLES SCHWAB	P	2012-09-13	2014-10-15
	FACEBOOK INC	P	2014-01-01	2014-04-10
	IRON MOUNTAIN INC	P	2013-02-12	2014-02-06
	PFIZER INC	P	2012-09-13	2014-08-28
	TWENTY FIRST CENTURY FOX	P	2013-07-05	2014-11-14
	GOLDMAN SACHS BOND	P	2012-01-27	2014-05-01
	AT&T	P	2012-09-13	2014-12-12
	CHEVRON CORP	P	2012-09-13	2014-02-10
	FREEPORT MCMORAN CP&GLD	P	2014-05-19	2014-09-12
	JOHNSON & JOHNSON	P	2012-09-13	2014-12-01
	PHILIP MORRIS INTL INC	P	2012-09-13	2014-11-14
	UNION PACIFIC CORP	P	2012-09-13	2014-06-23
	JOHNSON & JOHNSON	P	2001-12-11	2014-06-04
	BANK OF AMERICA CORP	P	2012-11-30	2014-04-23
	CITIGROUP INC	P	2012-09-13	2014-06-25
	GENERAL ELECTRIC CO	P	2012-09-13	2014-03-07
	JPMORGAN CHASE & CO	P	2012-09-13	2014-12-15
	PRECISION CASTPARTS CORP	P	2012-09-13	2014-09-29
	UNITED TECHNOLOGIES CORP	P	2012-09-13	2014-12-01
	LOCKHEED MARTIN CORP	P	2011-06-02	2014-06-04
	BED BATH & BEYOND	P	2012-09-25	2014-05-16
	CME GROUP	P	2013-06-27	2014-01-21
	GENERAL MTRS CO	P	2012-09-13	2014-08-19
	LABORATORY CP	P	2013-06-18	2014-07-07
	PROGRESSIVE CORP	P	2012-09-13	2014-05-29
	UNITEDHEALTH GP INC	P	2013-02-11	2014-11-13
	POTASH CP OF SASKATCHEWAN INC	P	2012-02-06	2014-08-01
	BERKSHIRE HATHAWAY	P	2012-09-13	2014-01-15
	COCA COLA CO	P	2012-09-13	2014-02-14
	GILEAD SCIENCE	P	2012-09-13	2014-12-29
	LAS VEGAS SANDS CORP	P	2012-09-13	2014-08-28
	QUALCOMM INC	P	2012-09-13	2014-11-12
	VALEANT PHARMACEUTIIC INTL INC	P	2014-03-18	2014-08-06
	WISDOMTREE TRUST EMRG MKT	P	2012-01-27	2014-08-01
	BIOGEN IDEC INC	P	2012-09-13	2014-11-21
	CONOCOPHILLIPS	P	2014-04-21	2014-12-05
	GOLDMAN SACHS GRP INC	P	2012-10-18	2014-05-09
	LIBERTY GLOBAL PLC	P	2013-02-11	2014-04-11
	RED HAT INC	P	2014-02-28	2014-04-03
	VERITIV CORP	P	2014-07-01	2014-07-18
	BOEING CO	P	2012-09-13	2014-08-04
	COSTCO WHOLESALE CORP	P	2012-09-13	2014-10-14
	GOOGLE INC	P	2012-09-13	2014-04-02
	LINKEDIN CORP	P	2013-10-16	2014-02-12
	REGENERON PHARM	P	2013-12-03	2014-01-30
	VERIZON COMMUNICATIONS	P	2012-09-13	2014-01-10
	BRISTOL MYERS SQUIBB CO	P	2012-09-13	2014-06-10
	CROWN CASTLE INTL CORP	P	2014-10-24	2014-12-23
	HALLIBURTON CO	P	2012-09-13	2014-11-18
	LOWES COMPANIES INC	P	2012-11-27	2014-04-11
	ROCHE HOLDINGS ADR	P	2014-03-27	2014-12-26
	WALT DISNEY	P	2012-09-13	2014-11-14

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,460	1,390	70
b	3		3
c	1,889	1,966	-77
d	411		411
e	733	456	277
	2,745	2,771	-26
	1,708	1,247	461
	5,773	3,862	1,911
	2,280	1,612	668
	12,318	7,975	4,343
	1,662	1,356	306
	208	182	26
	2,957	2,188	769
	1,664	1,857	-193
	4,472	3,789	683
	1,443	1,569	-126
	4,747	4,698	49
	1,489	903	586
	620	484	136
	2,398	2,391	7
	13,750	6,714	7,036
	2,100	1,854	246
	4,190	3,494	696
	3,635	2,846	789
	4,478	5,280	-802
	2,896	2,276	620
	6,488	6,929	-441
	21,484	18,938	2,546
	2,780	2,335	445
	856		856
	2,830	2,653	177
	4,279	4,151	128
	1,821	1,628	193
	798	699	99
	9,709	6,593	3,116
	743	1,027	-284
	3,920	2,833	1,087
	1,515	983	532
	2,400	1,691	709
	2,308	2,126	182
	1,929	1,314	615
	28,562	20,000	8,562
	3,655	3,292	363
	4,736	3,550	1,186
	1,982	1,682	300
	2,621	3,030	-409
	3,553	3,111	442
	432		432
	13,033	18,395	-5,362
	2,002	1,112	890
	551	415	136
	1,615	1,731	-116
	2,081	2,736	-655
	12,251	10,477	1,774
	4,475	3,219	1,256
	25,000	27,432	-2,432
	8,648	9,444	-796
	1,772	1,850	-78
	1,887	2,033	-146
	2,129	1,457	672
	2,091	2,131	-40
	1,196	863	333
	9,843	5,614	4,229
	645	562	83
	4,806	3,858	948
	2,586	2,280	306
	548	402	146
	3,570	2,726	844
	4,860	3,849	1,011
	15,927	7,855	8,072
	6,874	7,025	-151
	1,671	1,681	-10
	4,575	3,775	800
	1,145	1,060	85
	5,013	4,270	743
	4,878	3,352	1,526
	7,080	9,512	-2,432
	2,183	1,709	474
	3,290	3,201	89
	2,695	1,067	1,628
	3,481	3,295	186
	4,382	3,755	627
	2,114	2,460	-346
	5,122	5,736	-614
	2,148	1,432	716
	3,594	3,597	-3
	3,911	3,660	251
	1,605	1,652	-47
	1,804	2,008	-204
	107		107
	5,758	4,376	1,382
	3,579	2,919	660
	3,861	2,538	1,323
	631	682	-51
	1,090	1,165	-75
	1,653	1,549	104
	1,315	1,450	-135
	915	1,014	-99
	5,923	4,094	1,829
	2,051	1,693	358
	1,840	1,984	-144
	5,444	3,388	2,056

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			70
b			3
c			-77
d			411
e			277
			-26
			461
			1,911
			668
			4,343
			306
			26
			769
			-193
			683
			-126
			49
			586
			136
			7
			7,036
			246
			696
			789
			-802
			620
			-441
			2,546
			445
			856
			177
			128
			193
			99
			3,116
			-284
			1,087
			532
			709
			182
			615
			8,562
			363
			1,186
			300
			-409
			442
			432
			-5,362
			890
			136
			-116
			-655
			1,774
			1,256
			-2,432
			-796
			-78
			-146
			672
			-40
			333
			4,229
			83
			948
			306
			146
			844
			1,011
			8,072
			-151
			-10
			800
			85
			743
			1,526
			-2,432
			474
			89
			1,628
			186
			627
			-346
			-614
			716
			-3
			251
			-47
			-204
			107
			1,382
			660
			1,323
			-51
			-75
			104
			-135
			-99
			1,829
			358
			-144
			2,056

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	61,413
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3	-1,003

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2013	86,432	2,226,945	0.038812
2012	81,370	1,906,322	0.042684
2011	78,952	1,882,499	0.041940
2010	70,036	1,756,131	0.039881
2009	69,723	1,564,464	0.044567

2	Total of line 1, column (d) ......................	2	0.207884
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	0.041577
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	2,341,733
5	Multiply line 4 by line 3.......................	5	97,362
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	2,214
7	Add lines 5 and 6.........................	7	99,576
8	Enter qualifying distributions from Part XII, line 4..............	8	90,535
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2014)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	4,428
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	4,428
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	4,428
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	1,328
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	1,328
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	3,100
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Yes

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

NORTHCOUNTRYLIBRARIES.ORG

The books are in care of bullet

NELSON SCHWARTZENTRUBER Telephone no. bullet

(315) 376-2792

Located at bullet

6979 STATE ROUTE 26LOWVILLENY ZIP+4 bullet

13367

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

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

16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Form 990-PF (2014)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2014?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2014.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

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

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

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

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

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

Form 990-PF (2014)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
SUSAN MCARDLE	PRESIDENT 2.00	0	0	0
7037 WEST RD LOWVILLE,NY13367	PRESIDENT 2.00	0	0	0
AMY BEYER	VICE PRESIDE 2.00	0	0	0
6311 WEST RD LOWVILLE,NY13367	VICE PRESIDE 2.00	0	0	0
CHERYL KELLY	SECRETARY 2.00	0	0	0
7043 WEST RD LOWVILLE,NY13367	SECRETARY 2.00	0	0	0
NELSON SCHWARTZENTRUBER	TREASURER 2.00	0	0	0
6979 STATE ROUTE 26 LOWVILLE,NY13367	TREASURER 2.00	0	0	0
FRANK CORBETT JR	DIRECTOR 1.00	0	0	0
6328 GLENDALE RD GLENFIELD,NY13343	DIRECTOR 1.00	0	0	0
MICHELLE JONES	DIRECTOR 1.00	0	0	0
5673 WHITAKER RD LOWVILLE,NY13367	DIRECTOR 1.00	0	0	0
DANIEL JANTZI	DIRECTOR 1.00	0	0	0
5456 SHADY AVE LOWVILLE,NY13367	DIRECTOR 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
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	OPERATION AND MAINTENANCE OF A PUBLIC LIBRARY SERVING THE RESIDENTS OF A RURAL COMMUNITY.	102,358
2


3


4

Form 990-PF (2014)

Page 8

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	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.)

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

purposes:

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

2,184,430

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

192,964

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

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

2,377,394

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

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

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

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

2,377,394

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

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

35,661

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

2,341,733

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

117,087

Part XI

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

and do not complete this part.)

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

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

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

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

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

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

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

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

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

Part XII

Qualifying Distributions (see instructions)

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

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

90,535

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

90,535

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

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

90,535

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7
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.......
b From 2010.......
c From 2011.......
d From 2012.......
e From 2013.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2014 from Part
XII, line 4: $ 90,535
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.....
e Remaining amount distributed out of corpus		90,535
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		90,535
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 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......
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)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2014, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2014	(b) 2013	(c) 2012	(d) 2011	(e) Total
	117,087	86,644	95,316	55,151	354,198
b 85% of line 2a .........	99,524	73,647	81,019	46,878	301,068
c Qualifying distributions from Part XII, line 4 for each year listed .....	90,535	86,432	83,098	79,800	339,865
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 ....	90,535	86,432	83,098	79,800	339,865
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	2,473,739	2,478,976	2,102,813	1,910,611	8,966,139
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)	2,473,739	2,478,976	2,102,813	1,910,611	8,966,139
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2014)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

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

Form 990-PF (2014)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
aOVERDUE BOOK FINES					219
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	24
4 Dividends and interest from securities....			14	172,718
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 .............					61,413
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)..				172,742	61,632

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

13234,374

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2014)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 AccountingFeesSchedule

Name:

WILLIAM H BUSH MEMORIAL LIBRARY

EIN: 15-0581771

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
NAGY & CRONISER CPA'S LLP, LOWVI	4,095			4,095
NOFTSIER	1,190			1,190

- TIN:

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

TY 2014 DepreciationSchedule

Name:

WILLIAM H BUSH MEMORIAL LIBRARY

EIN: 15-0581771

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
BUILDING	1980-05-01	102,026	95,072	S/L	35.0000	2,915
BUILDING	1981-11-01	5,575	4,963	S/L	35.0000	159
BUILDING	1982-08-01	700	612	S/L	35.0000	20
FURNITURE	1977-07-01	320	320	S/L	1.0000
KITCHEN EQUIPMENT	1980-04-01	726	726	S/L	15.0000
DRAPERIES	1980-05-01	1,120	1,120	S/L	1.0000
FURNITURE	1980-05-01	223	223	S/L	1.0000
SHELVING	1984-06-30	1,273	1,273	S/L	10.0000
CABINET	1985-08-01	250	250	S/L	10.0000
BOOK CART	1985-08-01	253	253	S/L	10.0000
BOOK CASE	1986-06-30	690	690	S/L	10.0000
FILE CABINET	1986-06-30	125	125	S/L	10.0000
CARD FILE	1990-04-10	343	343	S/L	10.0000
FOLDING CHAIRS	1991-01-29	225	225	S/L	10.0000
SAFE	1991-03-30	139	139	S/L	10.0000
CHAIRCART	1992-02-28	175	175	S/L	10.0000
CARDFILE	1992-04-23	370	370	S/L	10.0000
LIGHT FIXTURES	1992-07-31	2,132	2,132	S/L	15.0000
FURNACE	1992-08-20	4,050	4,050	S/L	15.0000
VACUUM CLEANER	1993-07-02	310	310	S/L	10.0000
SHELVING	1993-12-07	640	640	S/L	10.0000
DRAPES	1994-09-01	1,221	1,221	S/L	10.0000
ROOF	1997-07-24	4,379	2,064	S/L	35.0000	125
COPIER	1996-04-08	1,355	1,287	S/L	10.0000
COMPUTER	1996-11-26	972	923	S/L	10.0000
COMPUTER	1998-09-30	1,250	1,250	S/L	7.0000
LAND	2001-02-28	20,568
5 GATEWAY COMPUTERS	2001-07-06	20,222	20,222	S/L	5.0000
GATEWAY 300L COMPUTER	2002-10-24	964	964	S/L	5.0000
TV/VCR/DVD/FAX	2003-05-03	486	486	S/L	10.0000
TV STAND	2003-08-11	251	251	S/L	7.0000
BOOK RACK/BOOKCASE	2003-08-11	359	359	S/L	10.0000
CANON PC940 COPIER	2003-08-13	400	400	S/L	5.0000
VACUUM CLEANER	2003-11-19	356	356	S/L	10.0000
GATEWAY COMPUTER 3-2100-C	2004-10-12	500	500	S/L	5.0000
FURNITURE	2006-05-25	1,748	1,311	S/L	10.0000	175
PARKING LOT	2007-07-30	16,285	7,057	S/L	15.0000	1,086
SECURITY SYSTEM	2007-10-19	960	624	S/L	10.0000	96
PAVED PARKING LOT	2009-09-30	10,900	3,270	S/L	15.0000	727
NEW ROOF	2011-10-31	13,340	953	S/L	35.0000	381
COPIER	2011-11-30	300	75	S/L	10.0000	30
BUILDING ADDITION	2013-11-30	88,072	1,129	S/L	39.0000	2,258
BUILDING RENOVATION	2014-12-31	127,025		S/L	39.0000	63,581

- TIN:

TY 2014 InvestmentsCorpBondsSchedule

Name:

WILLIAM H BUSH MEMORIAL LIBRARY

EIN: 15-0581771

Name of Bond	End of Year Book Value	End of Year Fair Market Value
GOLDMAN SACHS GROUP INC
MORGAN STANLEY CPI LINKED 15MH12 6.0	50,005	50,063

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

WILLIAM H BUSH MEMORIAL LIBRARY

EIN: 15-0581771

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M COMPANY	24,401	61,291
ACE LTD	1,793	2,298
ACTAVIS PLC	3,531	3,604
ACTIVISION BLIZZARD INC	1,964	2,337
AGILENT TECHNOLOGIES	920	983
AIR PROD & CHEM INC
ALIBABA GROUP HLDG LTD	4,230	4,054
ALLEGHANY CP DELAWARE
ALLERGAN INC	1,469	1,488
ALLSTATE CORP	5,150	7,306
AMAZON COM INC	24,519	24,518
AMER INTL GP INC
AMERICAN ELECTRIC POWER CO
AMERICAN EXPRESS CO	19,433	26,516
AMERICAN TOWER REIT COM	11,107	13,839
AMERIPRISE FINCL INC
AMGEN INC	7,089	8,124
ANHEUSER BUSCH	9,352	10,109
APPLE	18,468	20,751
AQUA AMERICA INC	4,694	33,375
AT&T INC	12,481	16,795
AUTOMATIC DATA PROCESSING INC	6,766	9,004
BAKER HUGHES INC
BANK OF AMERICA	5,062	6,262
BANK OF NEW YORK MELLON	8,606	14,646
BED BATH & BEYOND INC
BERKSHIRE HATHAWAY	5,938	9,910
BIOGEN IDEC INC	1,636	2,716
BK MONTREAL
BOEING CO	3,072	4,159
BP PLC	13,098	11,436
BRISTOL MYERS SQUIBB CO	13,187	23,612
BROOKFIELD ASSET MGNT	2,608	3,509
CANADIAN NATURAL RESOURCES LTD	3,348	3,335
CAPITAL ONE FINANCIAL CORP	3,469	3,467
CARMAX INC	3,596	5,060
CATERPILLAR INC
CDN PACIFIC RY LTD	4,183	5,973
CELGENE CORP	777	1,566
CHARLES SCHWAB	5,309	7,698
CHEVRON CORP	7,631	7,404
CISCO SYS INC	2,090	2,253
CITIGROUP INC	1,697	2,381
CLEARBRIDGE AMERN ENGY MLP FND	7,949	6,384
CLEARBRIDGE ENERGY MLP FUND
CLEARBRIDGE ENERGY MLP TOT	10,223	10,695
CME GROUP INC
COCA COLA CO
COMCAST CORP	6,460	8,353
COMCAST CORP SPECIAL	6,056	10,131
CONOCOPHILLIPS	2,349	2,210
COSTCO WHOLESALE CORP	9,395	12,332
CVS CAREMARK CORP	3,711	7,127
DIAGEO PLC SPON ADR	3,689	3,879
DOW CHEMICAL CO	2,124	1,961
DU PONT EI DE NEMOURS & CO	3,747	5,619
DUFF & PHELPS GLOBAL EQUITY	20,000	21,640
EATON CORPORATION	4,039	4,146
EATON VANCE TAX MGD	8,205	8,541
EBAY INC
ECOLAB INC	9,594	9,616
ENCANA CORP	3,513	2,441
EOG RESOURCES INC	4,919	7,181
EXPRESS SCRIPTS HLDG CO	5,245	7,112
EXXON MOBIL	22,689	39,754
FACEBOOK INC	2,658	3,355
FIRST TR INTERM DUR	25,000	22,710
FIRST TR MORNINGSTAR DIV	18,653	23,970
GENERAL ELECTRIC	28,540	23,880
GENERAL MTRS CO
GILEAD SCIENCE	1,390	4,053
GOLDMAN SACHS GRP INC
GOOGLE INC	6,889	10,083
GOOGLE INC CL C	5,801	8,422
HALLIBURTON CO
HARLEY DAVIDSON INC
HEWLETT PACKARD	3,792	4,414
HOME DEPOT INC	9,356	15,116
HONDA MOTOR COMPANY LTD
HONEYWELL INTERNATIONAL INC	2,031	2,298
INTEL CORP	7,601	12,157
INTERNATIONAL PAPER CO	3,592	5,465
IRON MOUNTAIN INC
JOHNSON & JOHNSON	29,598	52,076
JPMORGAN CHASE & CO	20,153	28,036
KEYSIGHT TECHNOLGIES INC		405
KIMBERLY CLARK CORP	7,800	10,283
KINDER MORGAN INC	2,980	3,258
KRAFT FOODS GROUP INC	14,255	18,798
LABORATORY CP AMER HLDGS	4,048	4,532
LAS VEGAS SANDS CORPORATION	6,378	5,642
LIBERTY GLOBAL PLC	5,333	6,474
LIBERTY INTERACTIVE CO INTER	1,849	1,971
LIBERTY INTERACTIVE CO VENTURE		339
LINCOLN NATIONAL CORP	10,607	12,803
LINKEDIN CORP
LOCKHEED MARTIN CORP	15,711	38,514
LOEWS CORPORATION	4,059	4,118
LOWES COMPANIES
MACY'S INC	2,797	3,090
MARSH & MCLENNAN COS INC	1,551	2,576
MASTERCARD INC	1,824	3,446
MCDONALDS CORP	13,250	46,850
MCKESSON CORP	5,096	5,812
MEDTRONIC INC	4,888	5,559
MERCK & CO	39,998	41,004
METLIFE INCORPORATED	24,473	34,077
MICRON TECH INC	3,873	4,201
MICROSOFT CORP	25,591	40,644
MONSANTO CO
MOODY'S CORP	1,308	1,533
MORGAN STANLEY	4,018	4,734
NESTLE SPON ADR	7,636	8,316
NEUBERGER BERMAN MLP INC	20,432	17,600
NEWS CORP LTD
NEXTERA ENERGY INC	4,478	6,909
NISOURCE INC	6,456	12,726
OCCIDENTAL PETROLEUM CORP	4,533	4,111
ORACLE CORP	9,839	10,253
PACCAR INC	2,054	2,652
PEOPLE'S UNITED FINANCIAL INC
PEPSICO INC	18,550	34,420
PFIZER INC	8,070	6,230
PHILIP MORRIS INTL INC	5,118	8,145
POTASH CP OF SASKATCHEWAN INC
PPG INDUSTRIES INC	4,205	8,090
PRAXAIR INC	13,718	13,733
PRECISION CASTPARTS CORP
PRICELINE.COM INC	4,591	4,561
PROCTER & GAMBLE	17,563	35,343
PROGRESSIVE CORP
QUALCOMM INC	3,373	3,939
QUEST DIAGNOSTICS INC	2,245	2,548
RALPH LAUREN CORP	1,036	1,111
RAYTHEON CO	5,058	9,519
REGENERON PHARM
SALESFORCE.COM INC
SCHLUMBERGER LTD	30,738	39,118
SPECTRA ENERGY	12,200	17,932
STARWOOD HTLS & RSTS WW INC
SYSCO CORP	1,854	2,064
T-MOBILE US INC	2,052	1,940
TARGET CORPORATION
TE CONNECTIVITY LTD	1,881	2,214
TEVA PHARMACEUTICALS	2,179	2,185
TEXAS INSTRUMENTS	6,068	10,372
THERMO FISHER SCIENTIFIC INC	1,997	2,005
TIME WARNER INC	8,602	14,180
TJX COS INC	2,957	3,292
TRAVELERS COMPANIES INC	5,355	8,468
TWENTY FIRST CENTURY FOX	2,457	3,456
ULTRA PETROLEUM CORP	3,617	1,869
UNION PACIFIC CORP	8,453	13,581
UNITED PARCEL SERVICE INC	5,795	8,560
UNITED TECHNOLOGIES CORP	9,097	11,960
UNITEDHEALTH GP INC	11,463	16,983
VALEANT PHARMACEUTIC INTL INC	3,143	3,292
VERIZON COMMUNICATIONS	8,839	9,075
VISA INC	1,670	2,622
WAL MART STORES INC	8,459	9,962
WALT DISNEY CO HLDG CO	8,067	14,129
WASTE MGMT INC	4,295	6,364
WELLS FARGO & CO NEW	9,040	13,979
WEYERHAEUSER CO	5,911	7,106
WISCONSIN ENERGY CORP	6,379	8,544
WISDOMTREE TRUST EMRG MKT
YAHOO INC

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

WILLIAM H BUSH MEMORIAL LIBRARY

EIN: 15-0581771

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BLACKROCK GLOBAL ALLOCATION A	AT COST	58,001	54,542
BLACKROCK NATURAL RESOURCES TRUST	AT COST	29,179	25,515
CLEARBRIDGE TACTICAL DIV INC	AT COST	27,080	27,506
DAVIS N Y VENTURE FUND - CLASS A	AT COST	69,430	101,373
FIDELITY ADV FLTG RT HI INC	AT COST	56,141	54,968
FIDELITY ADV INFLATION PROTECTION	AT COST	55,428	56,018
FIDELITY ADV NEW INSIGHTS	AT COST	30,287	29,073
FIDELITY ADV STRAT INC	AT COST	43,939	41,077
J H BALANCED FUND - CLASS A	AT COST	46,235	70,075
J H STRATEGIC INCOME FUND CL A	AT COST	94,605	89,105
J H US GLOBAL LEADERS GROWTH	AT COST	54,564	64,804
NEUBERGER BERMAN LG SH	AT COST	60,298	58,821
OPPENHEIMER CAPITAL APPRECIATION FUN	AT COST	13,089	15,895
BUSH PARTNERSHIP LTD	AT COST	917	917

- TIN:

TY 2014 LandEtcSchedule2

Name:

WILLIAM H BUSH MEMORIAL LIBRARY

EIN: 15-0581771

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
BUILDINGS	413,010	230,266	182,744
LAND IMPROVEMENTS
FURNITURE AND EQUIPMENT
	20,568		20,568

- TIN:

TY 2014 OtherExpensesSchedule

Name:

WILLIAM H BUSH MEMORIAL LIBRARY

EIN: 15-0581771

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
EXPENSES
LIBRARY SUPPLIES	3,590	3,590
MAINTENANCE SUPPLIES	319	319
OFFICE EXPENSE	-260	-260
INSURANCE	5,289	5,289

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

WILLIAM H BUSH MEMORIAL LIBRARY

EIN: 15-0581771

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OVERDUE BOOK FINES	219		219

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

WILLIAM H BUSH MEMORIAL LIBRARY

EIN: 15-0581771

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
THE ALTERI/SAVAGE GROUP, SYRACUS	12,748	12,748

- TIN:

TY 2014 TaxesSchedule

Name:

WILLIAM H BUSH MEMORIAL LIBRARY

EIN: 15-0581771

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ESTIMATED TAXES	926			926