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 GRIFFIN FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)303 WEST PROSPECT ROAD   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT COLLINS, CO80526
A Employer identification number

84-1171483
B Telephone number (see instructions)

(970) 482-3030
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$1,899,710J 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).............. 431,228
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 40,654 40,654  
4 Dividends and interest from securities...... 13,869 13,869  
5a Gross rents.............. 24,878 24,878  
b Net rental income or (loss) -63,397
6a Net gain or (loss) from sale of assets not on line 10 32,413
b Gross sales price for all assets on line 6a 1,103,842
7 Capital gain net income (from Part IV, line 2)... 32,413
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)....... Click to see attachment 19,289 0  
12 Total. Add lines 1 through 11........ 562,331 111,814  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 137,895 0   137,895
14 Other employee salaries and wages...... 4,413 0   4,413
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 71,832 61,018   10,814
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,393 0   22,118
19 Depreciation (attach schedule) and depletion... Click to see attachment 8,895 4,852  
20 Occupancy.............. 13,003 13,003   0
21 Travel, conferences, and meetings....... 1,345 0   1,345
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 81,954 18,190   63,764
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 344,730 97,063   240,349
25 Contributions, gifts, grants paid........ 549,900 549,900
26 Total expenses and disbursements. Add lines 24 and 25 894,630 97,063   790,249
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -332,299
b Net investment income (if negative, enter -0-) 14,751
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 45,235    
2 Savings and temporary cash investments.......... 96,704 762,783 762,783
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........... 14,160 680 680
10a Investments—U.S. and state government obligations (attach schedule) 618,187 Click to see attachment114,614 114,614
b Investments—corporate stock (attach schedule)........ 568,275 Click to see attachment429,713 429,713
c Investments—corporate bonds (attach schedule)........ 639,104 Click to see attachment327,150 327,150
11 Investments—land, buildings, and equipment: basis bullet1,204,330
Less: accumulated depreciation (attach schedule) bullet939,560 273,665 Click to see attachment264,770 264,770
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 2,255,330 1,899,710 1,899,710
Liabilities 17 Accounts payable and accrued expenses.......... 11,764 11,764
18 Grants payable.................. 199,550 198,250
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).......... 211,314 210,014
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 1,828,744 1,479,276
25 Temporarily restricted................    
26 Permanently restricted................ 215,272 210,420
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 2,044,016 1,689,696
31 Total liabilities and net assets/fund balances (see instructions).. 2,255,330 1,899,710
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 2,044,016
2 Enter amount from Part I, line 27a..................... 2 -332,299
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,300
4 Add lines 1, 2, and 3.......................... 4 1,713,017
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 23,321
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,689,696
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 PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(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 1,096,097   1,071,429 24,668
b 7,745     7,745
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       24,668
b       7,745
c
d
e
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 32,413
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 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 548,643 3,522,719 0.155744
2012 698,513 4,278,214 0.163272
2011 432,543 4,908,800 0.088116
2010 579,281 5,175,750 0.111922
2009 386,931 4,813,158 0.080390
2 Total of line 1, column (d) ...................... 2 0.599444
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 0.119889
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 2,704,472
5 Multiply line 4 by line 3....................... 5 324,236
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 148
7 Add lines 5 and 6......................... 7 324,384
8 Enter qualifying distributions from Part XII, line 4.............. 8 790,249
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 1 148
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 148
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 148
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 3,400
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 3,400
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,252
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet160 RefundedBullet 11 3,092
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCO
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.THEGRIFFINFOUNDATION.ORG
    14
    The books are in care ofbulletDAVID L WOOD Telephone no.bullet (970) 482-3030
    Located atbullet303 W PROSPECT ROADFORT COLLINSCO ZIP+4bullet80526
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    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
     
    No
    .........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
    DAVID L WOOD CHAIRMAN/PRESIDENT
    30.00     		80,000 0 0
    1221 FOREST HILLS LANE
    FORT COLLINS,CO80524
    JERRY W RIZLEY VICE CHAIRMAN/VICE PRESIDENT
    0.25     		4,000 0 0
    PO BOX 276
    WOODWARD,OK73801
    CAROL WOOD TREASURER/PROGRAM DIRECTOR
    15.00     		15,000 0 0
    1221 FOREST HILLS LANE
    FORT COLLINS,CO80524
    MARGARET RIZLEY SECRETARY
    0.25     		4,000 0 0
    PO BOX 276
    WOODWARD,OK73801
    MAGGIE GARIS ASSISTANT SECRETARY/OFFICE MANAGER
    30.00     		34,895 0 0
    330 W PROSPECT ROAD
    FORT COLLINS,CO80526
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    FRONT RANGE EXCAVATION EXCAVATION SERVICES 53,850
    4411 W CO RD 52E
    LAPORTE,CO80535
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,302,423
    b
    Average of monthly cash balances.......................
    1b
    238,904
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,204,330
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,745,657
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,745,657
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    41,185
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,704,472
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    135,224
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    135,224
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    148
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    148
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    135,076
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    135,076
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    135,076
    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
    790,249
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    790,249
    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
    148
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    790,101
    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 7 135,076
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 150,411
    b From 2010....... 326,331
    c From 2011....... 191,117
    d From 2012....... 488,862
    e From 2013....... 377,937
    fTotal of lines 3a through e......... 1,534,658
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 790,249
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 135,076
    e Remaining amount distributed out of corpus 655,173
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,189,831
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		150,411
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		2,039,420
    10 Analysis of line 9:
    a Excess from 2010.... 326,331
    b Excess from 2011.... 191,117
    c Excess from 2012.... 488,862
    d Excess from 2013.... 377,937
    e Excess from 2014.... 655,173
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    DAVID L WOOD
    303 WEST PROSPECT ROAD
    FORT COLLINS,CO80526
    (970) 482-3030
    bThe form in which applications should be submitted and information and materials they should include:
    A WRITTEN APPLICATION THAT DESCRIBES THE PURPOSE AND NEED FOR THE FUNDS.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    HEALTH CARE, HIGHER EDUCATION AND PERFORMING ARTS
    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
    MITCHELL BAKER
    2014 TRABING LANE
    LARAMIE,WY82071     		NONE I SCHOLARSHIP 10,000
    TYLER GRAHAM
    1817 S 10TH STREET APT A
    LARAMIE,WY82070     		NONE I SCHOLARSHIP 10,000
    JOSEPH LARSON
    10447 WELD COUNTY ROAD 70
    WINDSOR,CO80550     		NONE I SCHOLARSHIP 10,000
    SARAH PETERSON
    1366 N 5TH 7
    LARAMIE,WY82072     		NONE I SCHOLARSHIP 10,000
    BRADY RINK
    1625 W ELIZABETH STREET
    FORT COLLINS,CO80521     		NONE I SCHOLARSHIP 10,000
    JOSH ROMERO
    1700 W PLUM APT 52-F
    FORT COLLINS,CO80521     		NONE I SCHOLARSHIP 10,000
    TIZITA TADESSE
    1032 LAPORTE AVENUE
    FORT COLLINS,CO80521     		NONE I SCHOLARSHIP 10,000
    TATE ANDERSON
    456 N 4TH
    LARAMIE,WY82072     		NONE I SCHOLARSHIP 10,000
    MOLLY BLOODGOOD
    128D DOWNEY HALL
    LARAMIE,WY82070     		NONE I SCHOLARSHIP 10,000
    CLAY CARLSON
    817 TYLER STREET
    FORT COLLINS,CO80521     		NONE I SCHOLARSHIP 10,000
    STEPHAN GEU
    812 E CURTIS STREET
    LARAMIE,WY82072     		NONE I SCHOLARSHIP 10,000
    BRANDY JO MARRINAN
    618 1/2 MAPLE STREET
    FORT COLLINS,CO80521     		NONE I SCHOLARSHIP 10,000
    JENNA VANDENBARK
    2014 8TH AVENUE
    GREELEY,CO80631     		NONE I SCHOLARSHIP 10,000
    AMIGOS DE LAS AMERICAS
    301 BLUDBIRD COURT
    FORT COLLINS,CO80526     		NONE PC GENERAL SUPPORT 50
    THE BOOK TRUST
    789 SHERMAN STREET STE 300A
    DENVER,CO80203     		NONE PC CHILDREN'S READING PROGRAM SUPPORT 500
    BOYS AND GIRLS CLUB OF LARIMER COUNTY
    103 SMOKEY STREET
    FORT COLLINS,CO80525     		NONE PC GENERAL SUPPORT 1,000
    THE CENTER FOR FAMILY OUTREACH
    1100 POUDRE DRIVE STE B
    FORT COLLINS,CO80524     		NONE PC GENERAL SUPPORT 375
    CANYON CONCERT BALLET
    1031 CONIFER STREET STE 3
    FORT COLLINS,CO80524     		NONE PC GENERAL SUPPORT 1,000
    CHILDREN'S SPEECH AND READING CENTER
    1247 RIVERSIDE AVE STE 4
    FORT COLLINS,CO80524     		NONE PC GENERAL SUPPORT 1,000
    COLORADO BACH ENSEMBLE
    PO BOX 270887
    FORT COLLINS,CO80527     		NONE PC GENERAL SUPPORT 5,000
    COLORADO STATE UNIVERSITY
    0120 CAMPUS DELIVERY 200 W LAKE
    STREET
    FORT COLLINS,CO80521     		NONE GOV ATHLETIC DEPARTMENT AND RAM CLUB SUPPORT 5,925
    COLORADO STATE UNIVERSITY FOUNDATION
    PO BOX 1870
    FORT COLLINS,CO80522     		NONE GOV GENERAL SUPPORT FOR COLLEGE OF VETERINARY MEDICINE, CARDIOVASCULAR RESEARCH, AND SCHOARSHIPS 50,100
    COMMUNITY FOUNDATION
    4745 WHEATON DRIVE
    FORT COLLINS,CO80525     		NONE PC GENERAL SUPPORT 250
    DISABLED RESOURCE SERVICES
    1017 ROBERTSON STREET
    FORT COLLINS,CO80524     		NONE PC WINE FEST XXXII 1,500
    EDUCATION FOUNDATION FOR THE COLORADO NATIONAL GUARD
    PO BOX 440889
    AURORA,CO80044     		NONE PC FAMILY GRANT 1,000
    ELDERHAUS ADULT DAY PROGRAM
    605 SOUTH SHIELDS
    FORT COLLINS,CO80521     		NONE PC REPURPOSE PROPERTY 10,000
    ESTES PARK MUSIC FESTIVAL
    PO BOX 4290
    ESTES PARK,CO80517     		NONE PC GENERAL SUPPORT 1,000
    FOOD BANK OF LARIMER COUNTY
    PO BOX 2221 1301 BLUE SPRUCE
    FORT COLLINS,CO80522     		NONE PC GENERAL SUPPORT 1,000
    FORT COLLINS SYMPHONY
    223 LINDEN ST STE 202
    FORT COLLINS,CO80524     		NONE PC GENERAL SUPPORT 13,000
    FORT COLLINS WIND SYMPHONY
    2321 E MULBERRY 4
    FORT COLLINS,CO80524     		NONE PC SUPPORT OF PERFORMANCES 1,000
    FORT COLLINS MUSEUM & DISCOVERY SCIENCE CENTER
    200 MATHEWS STREET
    FORT COLLINS,CO80524     		NONE PC CONSTRUCTION & GENERAL SUPPORT 100,100
    FRONT RANGE CHAMBER PLAYERS
    PO BOX 725
    FORT COLLINS,CO80522     		NONE PC GENERAL SUPPORT 500
    HEARTS & HORSES
    163 N COUNTY RD 29 PO BOX 2675
    LOVELAND,CO80539     		NONE PC GENERAL SUPPORT 1,500
    HIGH PERFORMANCE DANCE THEATRE
    1001 A E HARMONY ROAD PMB329
    FORT COLLINS,CO80525     		NONE PC GENERAL SUPPORT 500
    IMPACT DANCE COMPANY
    1307 SILK OAK DRIVE
    FORT COLLINS,CO80525     		NONE PC GENERAL SUPPORT 500
    INTERNATIONAL KEYBOARD ODYSSIAD & FESTIVAL
    PO BOX 1964
    FORT COLLINS,CO80522     		NONE PC GENERAL SUPPORT 2,500
    MEALS ON WHEELS FORT COLLINS
    1217 E ELIZABETH 11
    FORT COLLINS,CO80524     		NONE PC GENERAL SUPPORT 1,500
    POUDRE VALLEY HEALTH SYSTEM FOUNDATION
    2809 EAST HARMONY ROAD STE 200
    FORT COLLINS,CO80528     		NONE PC NEW CANCER CENTER & GENERAL SUPPORT 103,100
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    1525 RIVERSIDE AVE STE A
    FORT COLLINS,CO80524     		NONE PC DINNER OF CHAMPIONS 1,500
    THE LARIMER CHORALE SOCIETY
    PO BOX 884
    FORT COLLINS,CO80522     		NONE PC SUPPORT OF IMPROVED RECORDING VENUE 1,000
    LUTHERAN FAMILY SERVICES ROCKY MOUNTAINS
    2032 LOWE STREET STE 200
    FORT COLLINS,CO80525     		NONE PC SUPPORT CARE MANAGEMENT SERVICES FOR OLDER ADULTS 1,000
    PROJECT YOUTH & CHAMBER MUSIC
    1001-A E HARMONY ROAD 260
    FORT COLLINS,CO80525     		NONE PC GENERAL SUPPORT 500
    PROJECT SELF-SUFFICIENCY
    375 W 37TH ST 150
    LOVELAND,CO80538     		NONE PC GENERAL SUPPORT 1,000
    RED ROCKS COMMUNITY COLLEGE
    13300 W SIXTH AVE BOX 1
    LAKEWOOD,CO80228     		NONE PC GENERAL SUPPORT 500
    RESPITE CARE
    6203 S LEMAY AVENUE
    FORT COLLINS,CO80525     		NONE PC GENERAL SUPPORT 10,000
    THE STAMPEDE TROUPE
    PO BOX 1956
    GREELEY,CO80632     		NONE PC GENERAL SUPPORT 500
    COLORADO STATE UNIVERSITY MUSEUM OF ART
    PO BOX 483
    FORT COLLINS,CO80522     		NONE GOV CONSTRUCTION OF NEW MUSEUM 100,000
    Total .................................bullet 3a 549,900
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 40,654  
    4 Dividends and interest from securities....     14 13,869  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -63,397  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 32,413  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aINSURANCE REIMBURSEMENTS         19,289
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 23,539 19,289
    13Total. Add line 12, columns (b), (d), and (e)..................
    1342,828
    (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.)
    11A INSURANCE REIMBURSEMENTS
    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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    THE GRIFFIN FOUNDATION INC
     
    Employer identification number

    84-1171483
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    THE GRIFFIN FOUNDATION INC
          		Employer identification number

    84-1171483
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    BEATRICE C GRIFFIN TRUST  
    303 WEST PROSPECT ROAD
     
    FORT COLLINS, CO80526

    		$431,228


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    THE GRIFFIN FOUNDATION INC
          		Employer identification number

    84-1171483
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    THE GRIFFIN FOUNDATION INC
          		Employer identification number

    84-1171483
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


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    TY 2014 DepreciationSchedule
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE EQUIPMENT - ESTATE TRANSFER 1995-05-03 12,981 12,981 200DB 7.000000000000 0 0    
    TAMASAG OFFICE EQUIPMENT 1996-11-01 84,728 84,728 200DB 7.000000000000 0 0    
    HONDA HS80 1995-05-03 575 575 200DB 7.000000000000 0 0    
    HOMELITE GAS WEED EATER 1995-05-03 70 70 200DB 7.000000000000 0 0    
    TORO RIDING LAWN MOWER 1995-05-03 600 600 200DB 7.000000000000 0 0    
    BOSCH HEDGE TRIMMER 1995-05-03 20 20 200DB 7.000000000000 0 0    
    PADDLE BOAT 1995-05-03 175 175 200DB 7.000000000000 0 0    
    SEARS GT 18 RIDING MOWER 1995-05-03 400 400 200DB 7.000000000000 0 0    
    FORD 1700 DSL TRACTOR 1995-05-03 7,500 7,500 200DB 7.000000000000 0 0    
    FORD 951A 3PT MOWER 1995-05-03 400 400 200DB 7.000000000000 0 0    
    3PT. 50 GAL. SPRAYER 1995-05-03 250 250 200DB 7.000000000000 0 0    
    3 PT. BLADE 1995-05-03 150 150 200DB 7.000000000000 0 0    
    YAMAHA GAS GOLF CART W/ EXTRA 1995-05-03 550 550 200DB 7.000000000000 0 0    
    ALUM. STEP LADDER 1995-05-03 25 25 200DB 7.000000000000 0 0    
    BOLENS GARDEN TRAILER 1995-05-03 50 50 200DB 7.000000000000 0 0    
    JD WEED EATER 1995-05-03 70 70 200DB 7.000000000000 0 0    
    JD 160 RIDING MOWER 1995-05-03 1,400 1,400 200DB 7.000000000000 0 0    
    TROY-BILT SICKLE MOWER 1995-05-03 250 250 200DB 7.000000000000 0 0    
    TIMBER BEAR CHAIN SAW 1995-05-03 75 75 200DB 7.000000000000 0 0    
    HONDA FOURTRAX 125 FOUR WHEELER 1995-05-03 650 650 200DB 7.000000000000 0 0    
    3 PT. CHIPPER/SHREDDER 1995-05-03 300 300 200DB 7.000000000000 0 0    
    HONDA 21" LAWN MOWER 1995-05-03 100 100 200DB 7.000000000000 0 0    
    HARRINGTON & RICHARDSON 12-GAUGE 1995-05-03 75 75 200DB 7.000000000000 0 0    
    SPRINGFIELD MODEL 52A .22 RIFLE 1995-05-03 60 60 200DB 7.000000000000 0 0    
    ELECTRIC POND AERATOR 1995-05-03 25 25 200DB 7.000000000000 0 0    
    MONTGOMERY WARD TRACTOR 1995-08-21 1,255 1,255 200DB 7.000000000000 0 0    
    COUNTRY GENERAL LOG SPLITTER 1995-10-06 924 924 200DB 7.000000000000 0 0    
    4 WHEELER 1996-10-09 2,575 2,575 200DB 7.000000000000 0 0    
    BUILDING IMPROVEMENTS - ESTATE TRANSFER 1995-05-03 108,000 61,127 SL 31.500000000000 3,429 3,429    
    OFFICE REMODEL 1996-11-01 105,366 46,379 SL 39.000000000000 2,702 0    
    SIGN 1998-04-01 2,979 2,979 200DB 7.000000000000 0 0    
    FOUNTAIN 1998-10-08 5,030 5,030 150DB 15.000000000000 0 0    
    TAMASAG IMPROVEMENTS - ESTATE TRANSFER 1995-05-03 118,675 118,675 150DB 10.000000000000 0 0    
    TAMASAG IMPROVEMENTS 1996-06-01 524,109 524,109 150DB 10.000000000000 0 0    
    SNOW GUARDS 1997-10-15 563 563 150DB 10.000000000000 0 0    
    HOMESTEAD HOUSE BENCHES 1997-10-15 939 939 150DB 10.000000000000 0 0    
    NEW GARAGE 1997-10-15 8,937 3,893 SL 39.000000000000 229 229    
    HEATER FOR GARAGE 1997-10-15 489 489 150DB 10.000000000000 0 0    
    LAND - ESTATE TRANSFER 1995-05-03 123,000   L   0 0    
    ROOF 2000-07-01 15,295 5,276 SL 39.000000000000 392 0    
    COMPUTER 2001-02-07 2,409 2,409 200DB 5.000000000000 0 0    
    DELL COMPUTER 2003-01-16 2,075 2,075 200DB 5.000000000000 0 0    
    LANDSCAPING 2003-10-23 10,854 7,968 150DB 15.000000000000 640 0    
    BACKFLOW DEVICE 2004-05-13 2,395 1,197 200DB 7.000000000000 0 0    
    COMPUTER 2004-10-13 1,093 546 200DB 5.000000000000 0 0    
    TAMASAG IMPROVEMENTS 2004-11-01 33,262 7,784 SL 39.000000000000 853 853    
    SPRINKLER SYSTEM 2006-07-06 8,250 8,250 200DB 7.000000000000 0 0    
    COMPUTER - DW 2007-01-10 870 870 200DB 5.000000000000 0 0    
    COMPUTER - MM 2007-10-10 896 896 200DB 5.000000000000 0 0    
    FOUNTAIN - TAMASAG 2007-04-18 2,143 2,047 200DB 7.000000000000 96 96    
    LAWN MOWER 2007-04-26 5,500 5,255 200DB 7.000000000000 245 245    
    EQUIPMENT 2008-06-30 853 369 200DB 7.000000000000 38 0    
    BUILDING IMPROVEMENTS - CARPET 2008-06-30 613 89 SL 39.000000000000 16 0    
    DIGITAL TELEPHONE SYSTEM 2009-08-05 1,722 811 200DB 5.000000000000 50 0    
    COMPUTER 2010-09-20 1,780 1,374 200DB 5.000000000000 205 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JOHNSON CTLS INC SR NT 109,746 109,746
    TRANSCANADA PIPLINES LTD NT 113,444 113,444
    VALE OVERSEAS LTD GTD NT 103,960 103,960

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DOUBLELINE TOTAL RETURN BOND FUND CLASS I 92,566 92,566
    PALMER SQUARE SSI ALTERNATIVE INCOME FUND CLASS I 183,320 183,320
    PRINCIPAL HIGH YIELD FUND - INST 75,102 75,102
    VANGUARD SHT TERM INVT GRADE ADM 78,725 78,725

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

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


    114,614
    State & Local Government Securities - End of Year Fair Market Value:


    114,614


    TY 2014 InvestmentsLandSchedule2
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT - ESTATE TRANSFER 12,981 12,981 0  
    TAMASAG OFFICE EQUIPMENT 84,728 84,728 0  
    HONDA HS80 575 575 0  
    HOMELITE GAS WEED EATER 70 70 0  
    TORO RIDING LAWN MOWER 600 600 0  
    BOSCH HEDGE TRIMMER 20 20 0  
    PADDLE BOAT 175 175 0  
    SEARS GT 18 RIDING MOWER 400 400 0  
    FORD 1700 DSL TRACTOR 7,500 7,500 0  
    FORD 951A 3PT MOWER 400 400 0  
    3PT. 50 GAL. SPRAYER 250 250 0  
    3 PT. BLADE 150 150 0  
    YAMAHA GAS GOLF CART W/ EXTRA 550 550 0  
    ALUM. STEP LADDER 25 25 0  
    BOLENS GARDEN TRAILER 50 50 0  
    JD WEED EATER 70 70 0  
    JD 160 RIDING MOWER 1,400 1,400 0  
    TROY-BILT SICKLE MOWER 250 250 0  
    TIMBER BEAR CHAIN SAW 75 75 0  
    HONDA FOURTRAX 125 FOUR WHEELER 650 650 0  
    3 PT. CHIPPER/SHREDDER 300 300 0  
    HONDA 21" LAWN MOWER 100 100 0  
    HARRINGTON & RICHARDSON 12-GAUGE 75 75 0  
    SPRINGFIELD MODEL 52A .22 RIFLE 60 60 0  
    ELECTRIC POND AERATOR 25 25 0  
    MONTGOMERY WARD TRACTOR 1,255 1,255 0  
    COUNTRY GENERAL LOG SPLITTER 924 924 0  
    4 WHEELER 2,575 2,575 0  
    BUILDING IMPROVEMENTS - ESTATE TRANSFER 108,000 64,556 43,444  
    OFFICE REMODEL 105,366 49,081 56,285  
    SIGN 2,979 2,979 0  
    FOUNTAIN 5,030 5,030 0  
    TAMASAG IMPROVEMENTS - ESTATE TRANSFER 118,675 118,675 0  
    TAMASAG IMPROVEMENTS 524,109 524,109 0  
    SNOW GUARDS 563 563 0  
    HOMESTEAD HOUSE BENCHES 939 939 0  
    NEW GARAGE 8,937 4,122 4,815  
    HEATER FOR GARAGE 489 489 0  
    LAND - ESTATE TRANSFER 123,000 0 123,000  
    ROOF 15,295 5,668 9,627  
    COMPUTER 2,409 2,409 0  
    DELL COMPUTER 2,075 2,075 0  
    LANDSCAPING 10,854 8,608 2,246  
    BACKFLOW DEVICE 2,395 2,395 0  
    COMPUTER 1,093 1,093 0  
    TAMASAG IMPROVEMENTS 33,262 8,637 24,625  
    SPRINKLER SYSTEM 8,250 8,250 0  
    COMPUTER - DW 870 870 0  
    COMPUTER - MM 896 896 0  
    FOUNTAIN - TAMASAG 2,143 2,143 0  
    LAWN MOWER 5,500 5,500 0  
    EQUIPMENT 853 834 19  
    BUILDING IMPROVEMENTS - CARPET 613 105 508  
    DIGITAL TELEPHONE SYSTEM 1,722 1,722 0  
    COMPUTER 1,780 1,579 201  

    TY 2014 OtherDecreasesSchedule
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 27,956 0   27,956
    OFFICE 22,366 0   22,366
    PROGRAM COSTS 4,602 0   4,602
    SERVICE AWARDS 400 0   400
    UTILITIES 8,131 0   8,131
    MISCELLANEOUS 309 0   309
    INSURANCE 429 429   0
    EQUIPMENT REPAIR 2,482 2,482   0
    TELEPHONE & INTERNET 1,375 1,375   0
    OTHER EXPENSES 13,904 13,904   0


    TY 2014 OtherIncomeSchedule2
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INSURANCE REIMBURSEMENTS 19,289   19,289


    TY 2014 OtherIncreasesSchedule
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 3,936 3,936   0
    CONTRACT LABOR 10,814 0   10,814
    OTHER PROFESSIONAL SERVICES 57,082 57,082   0


    TY 2014 TaxesSchedule
    Name:
    THE GRIFFIN FOUNDATION INC
    EIN: 84-1171483
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 10,315 0   10,315
    PROPERTY TAX 11,803 0   11,803
    EXCISE TAX 3,275 0   0