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
FANCY HILL FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231

A Employer identification number

52-2284314

B Telephone number (see instructions)

(410) 537-5404

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

$5,937,194J 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)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	92,582		91,614
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		468,905
b	Gross sales price for all assets on line 6a 2,036,065
7	Capital gain net income (from Part IV, line 2)...			468,905
8	Net short-term capital gain.........				0
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).......
12	Total. Add lines 1 through 11........	561,487		560,519
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		33,696	33,692		4
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		8,597	2,410		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	42,293		36,102	0	4
25	Contributions, gifts, grants paid........	275,000				275,000
26	Total expenses and disbursements. Add lines 24 and 25	317,293		36,102	0	275,004
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	244,194
b	Net investment income (if negative, enter -0-)			524,417
c	Adjusted net income (if negative, enter -0-)...				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	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...............
	2	Savings and temporary cash investments..........	283,863	436,928	436,928
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	3,428,551	3,217,992	4,470,833
	c	Investments—corporate bonds (attach schedule)........	725,923	1,025,923	1,029,433
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,438,337	4,680,843	5,937,194
	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...................
	25	Temporarily restricted................
	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.........	4,438,337	4,680,843
	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)......	4,438,337	4,680,843
	31	Total liabilities and net assets/fund balances (see instructions)..	4,438,337	4,680,843

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	4,438,337
2	Enter amount from Part I, line 27a.....................	2	244,194
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	4,682,531
5	Decreases not included in line 2 (itemize)	5	1,688
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,680,843

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	107. CHARLES SCHWAB CORP.		2013-01-07	2014-01-08
b	258. CHARLES SCHWAB CORP.		2013-02-19	2014-01-08
c	124. EATON CORP PLC		2012-11-30	2014-01-08
d	24. ESTEE LAUDER COMPANIES CL A		2013-10-15	2014-01-09
e	166. EATON CORP PLC		2012-11-30	2014-01-09
	60. FLUOR CORP NEW COM		2011-06-14	2014-01-10
	29. ESTEE LAUDER COMPANIES CL A		2013-10-15	2014-01-10
	588. METLIFE INC COM		2012-09-14	2014-01-10
	170. ORACLE SYSTEMS		2013-07-24	2014-01-10
	6. ESTEE LAUDER COMPANIES CL A		2013-10-11	2014-01-13
	15. ESTEE LAUDER COMPANIES CL A		2013-10-11	2014-01-14
	245. TEREX CORP NEW COM		2013-05-09	2014-01-17
	150. FLUOR CORP NEW COM		2011-08-23	2014-01-22
	22. FLUOR CORP NEW COM		2011-03-07	2014-01-23
	110. MICROCHIP TECHNOLOGY INC		2012-05-14	2014-01-23
	310. US BANCORP DEL COM NEW		2010-10-25	2014-01-23
	22. FLUOR CORP NEW COM		2011-03-07	2014-01-27
	11. FLUOR CORP NEW COM		2011-03-07	2014-01-28
	6. FLUOR CORP NEW COM		2013-03-06	2014-01-28
	10. FLUOR CORP NEW COM		2013-03-06	2014-01-29
	4. FLUOR CORP NEW COM		2011-06-13	2014-01-30
	14. FLUOR CORP NEW COM		2013-03-06	2014-01-30
	115. E I DU PONT DE NEMOURS & CO.		2009-11-06	2014-01-31
	195. TEREX CORP NEW COM		2013-06-20	2014-01-31
	21. ROPER INDUSTRIES INC NEW		2008-10-20	2014-02-03
	15. APPLE COMPUTER INC.		2013-01-31	2014-02-04
	100. FLUOR CORP NEW COM		2011-11-09	2014-02-04
	7. GOOGLE INC CL A		2011-10-04	2014-02-04
	43. ROPER INDUSTRIES INC NEW		2008-10-20	2014-02-04
	35. E I DU PONT DE NEMOURS & CO.		2009-07-23	2014-02-05
	115. MICROCHIP TECHNOLOGY INC		2012-05-18	2014-02-05
	9. ROPER INDUSTRIES INC NEW		2008-10-20	2014-02-05
	65. ABERCROMBIE & FITCH CO CL A		2013-02-22	2014-02-06
	220. ABERCROMBIE & FITCH CO CL A		2013-01-09	2014-02-06
	8. APPLE COMPUTER INC.		2013-02-01	2014-02-06
	14. ROPER INDUSTRIES INC NEW		2008-10-20	2014-02-06
	1. APPLE COMPUTER INC.		2013-06-27	2014-02-07
	2. APPLE COMPUTER INC.		2013-02-01	2014-02-07
	18. ROPER INDUSTRIES INC NEW		2008-10-20	2014-02-07
	510. US BANCORP DEL COM NEW		2010-10-25	2014-02-07
	12. ROPER INDUSTRIES INC NEW		2008-10-20	2014-02-10
	19. ROPER INDUSTRIES INC NEW		2008-10-15	2014-02-11
	75. FLUOR CORP NEW COM		2011-11-09	2014-02-12
	21. FOSSIL GROUP INC		2011-09-05	2014-02-12
	9. ROPER INDUSTRIES INC NEW		2008-10-15	2014-02-12
	10. FOSSIL GROUP INC		2011-09-01	2014-02-13
	18. ROPER INDUSTRIES INC NEW		2008-10-15	2014-02-14
	3. FOSSIL GROUP INC		2011-08-23	2014-02-18
	8. ROPER INDUSTRIES INC NEW		2008-10-15	2014-02-18
	70. FLUOR CORP NEW COM		2011-12-16	2014-02-19
	25. ABERCROMBIE & FITCH CO CL A		2013-02-22	2014-02-21
	180. ABERCROMBIE & FITCH CO CL A		2012-11-26	2014-02-21
	160. ABERCROMBIE & FITCH CO CL A		2012-11-26	2014-02-24
	285. ABERCROMBIE & FITCH CO CL A		2013-10-07	2014-02-24
	4. FOSSIL GROUP INC		2011-08-23	2014-02-24
	65. ORACLE SYSTEMS		2013-07-24	2014-02-24
	80. ORACLE SYSTEMS		2011-06-28	2014-02-24
	5. ROPER INDUSTRIES INC NEW		2008-10-15	2014-02-24
	5. ROPER INDUSTRIES INC NEW		2008-10-15	2014-02-25
	9. ROPER INDUSTRIES INC NEW		2008-10-15	2014-02-26
	17. FLUOR CORP NEW COM		2011-06-13	2014-02-27
	5. ROPER INDUSTRIES INC NEW		2008-10-13	2014-02-27
	24. FLUOR CORP NEW COM		2011-06-13	2014-02-28
	41. ROPER INDUSTRIES INC NEW		2008-10-16	2014-02-28
	6. FLUOR CORP NEW COM		2011-06-13	2014-03-03
	70. PACCAR INC		2012-04-11	2014-03-03
	3. ROPER INDUSTRIES INC NEW		2008-10-16	2014-03-03
	12. FLUOR CORP NEW COM		2013-03-05	2014-03-04
	15. FLUOR CORP NEW COM		2011-06-13	2014-03-04
	15. ROPER INDUSTRIES INC NEW		2008-10-16	2014-03-04
	67. TEREX CORP NEW COM		2013-04-22	2014-03-04
	13. ROPER INDUSTRIES INC NEW		2009-04-20	2014-03-05
	53. TEREX CORP NEW COM		2013-04-22	2014-03-05
	164. E I DU PONT DE NEMOURS & CO.		2009-07-23	2014-03-06
	20. ROPER INDUSTRIES INC NEW		2009-04-20	2014-03-06
	21. ROPER INDUSTRIES INC NEW		2009-04-20	2014-03-07
	111. TEREX CORP NEW COM		2013-04-22	2014-03-07
	10. ROPER INDUSTRIES INC NEW		2008-10-24	2014-03-11
	137. TEREX CORP NEW COM		2013-04-22	2014-03-11
	65. FIRSTMERIT CORP		2013-12-06	2014-03-13
	61. FIRSTMERIT CORP		2013-12-09	2014-03-14
	108. NETAPP INC		2012-04-11	2014-03-14
	145. NETAPP INC		2012-09-24	2014-03-17
	8. ROPER INDUSTRIES INC NEW		2008-10-24	2014-03-17
	161. E I DU PONT DE NEMOURS & CO.		2009-07-23	2014-03-18
	61. NETAPP INC		2011-08-18	2014-03-18
	19. ROPER INDUSTRIES INC NEW		2008-10-24	2014-03-18
	177. TEREX CORP NEW COM		2013-06-26	2014-03-18
	193. FIRSTMERIT CORP		2013-12-09	2014-03-19
	41. NETAPP INC		2011-08-18	2014-03-19
	271. FIRSTMERIT CORP		2013-11-11	2014-03-20
	254. NETAPP INC		2011-08-18	2014-03-20
	215. FIRSTMERIT CORP		2013-11-07	2014-03-21
	4. ROPER INDUSTRIES INC NEW		2008-10-24	2014-03-21
	125. MICROSOFT CORP.		2010-07-28	2014-03-24
	56. NETAPP INC		2008-01-24	2014-03-24
	4. ROPER INDUSTRIES INC NEW		2008-11-21	2014-03-24
	56. NETAPP INC		2008-06-30	2014-03-25
	4. ROPER INDUSTRIES INC NEW		2008-11-21	2014-03-25
	20. NETAPP INC		2008-06-30	2014-03-26
	13. ROPER INDUSTRIES INC NEW		2008-11-21	2014-03-26
	236. NETAPP INC		2008-10-15	2014-03-27
	22. NETAPP INC		2008-10-15	2014-03-27
	5. ROPER INDUSTRIES INC NEW		2008-11-21	2014-03-27
	10. ROPER INDUSTRIES INC NEW		2008-11-21	2014-03-28
	13. INTUITIVE SURGICAL INC		2012-12-19	2014-04-01
	275. ORACLE SYSTEMS		2012-10-08	2014-04-02
	69. FIRSTMERIT CORP		2013-05-31	2014-04-03
	65. QUALCOMM CORP.		2013-06-18	2014-04-10
	16. MEAD JOHNSON NUTRITION CO		2013-05-21	2014-04-21
	13. MEAD JOHNSON NUTRITION CO		2013-05-20	2014-04-22
	559. FIRSTMERIT CORP		2013-06-04	2014-04-23
	17. MEAD JOHNSON NUTRITION CO		2013-05-13	2014-04-23
	22. MEAD JOHNSON NUTRITION CO		2013-10-17	2014-04-24
	102. FIRSTMERIT CORP		2013-06-04	2014-04-25
	247. FIRSTMERIT CORP		2013-06-05	2014-04-28
	243. FIRSTMERIT CORP		2013-05-29	2014-04-29
	252. FLUOR CORP NEW COM		2012-06-01	2014-05-02
	21. COSTCO WHOLESALE CORPORATION		2013-10-17	2014-05-06
	9. APPLE COMPUTER INC.		2013-06-27	2014-05-07
	10. COSTCO WHOLESALE CORPORATION		2013-10-16	2014-05-07
	22. COSTCO WHOLESALE CORPORATION		2009-05-29	2014-05-07
	16. FLUOR CORP NEW COM		2013-03-05	2014-05-12
	24. SCHLUMBERGER LTD.		2013-10-16	2014-05-12
	23. FLUOR CORP NEW COM		2013-03-05	2014-05-13
	8. FLUOR CORP NEW COM		2013-03-04	2014-05-14
	11. FLUOR CORP NEW COM		2010-11-22	2014-05-15
	10. FLUOR CORP NEW COM		2010-11-22	2014-05-16
	. PROCEEDS FROM SECURITIES LITIGATION			2014-05-16
	. PROCEEDS FROM SECURITIES LITIGATION			2014-05-16
	7. FLUOR CORP NEW COM		2010-11-22	2014-05-19
	325. HARTFORD FINANCIAL SERVICES GROUP INC		2012-12-31	2014-05-19
	3. FLUOR CORP NEW COM		2010-11-22	2014-05-22
	12. FLUOR CORP NEW COM		2010-11-22	2014-05-23
	100. M & T BK CORP COM		2013-05-09	2014-05-27
	11. SCHLUMBERGER LTD.		2013-10-16	2014-05-27
	1. SCHLUMBERGER LTD.		2013-10-16	2014-05-30
	8. SCHLUMBERGER LTD.		2011-10-31	2014-05-30
	46. AMPHENOL CORP - CL A		2010-04-20	2014-06-02
	77. AMPHENOL CORP - CL A		2013-10-23	2014-06-02
	74. ANSYS INC		2010-10-13	2014-06-02
	20. APPLE COMPUTER INC.		2008-10-08	2014-06-02
	1. APPLE COMPUTER INC.		2013-06-27	2014-06-02
	140. COGNIZANT TECH SOLUTIONS CRP COM		2008-10-22	2014-06-02
	70. COSTCO WHOLESALE CORPORATION		2009-05-29	2014-06-02
	96. COVANCE INC		2009-04-29	2014-06-02
	168. DANAHER CORP		2012-01-30	2014-06-02
	88. DAVITA INC		2013-03-01	2014-06-02
	65. DAVITA INC		2013-08-20	2014-06-02
	108. DISCOVERY COMMUNICATIONS INC CL A		2014-04-03	2014-06-02
	74. ECOLAB INC		2013-02-06	2014-06-02
	21. ECOLAB INC		2014-02-06	2014-06-02
	66. EXPRESS SCRIPTS HLDGS C		2013-10-08	2014-06-02
	156. EXPRESS SCRIPTS HLDGS C		2011-03-02	2014-06-02
	60. FMC TECHNOLOGIES INC		2012-05-10	2014-06-02
	159. FMC TECHNOLOGIES INC		2014-01-30	2014-06-02
	139. FASTENAL CO		2014-03-14	2014-06-02
	131. FLUOR CORP NEW COM		2010-11-23	2014-06-02
	59. FOSSIL GROUP INC		2011-09-06	2014-06-02
	162. GILEAD SCIENCES INC.		2014-03-14	2014-06-02
	15. GOOGLE INC CL A		2010-07-21	2014-06-02
	15. GOOGLE INC CL C		2010-07-21	2014-06-02
	30. INTUITIVE SURGICAL INC		2013-04-19	2014-06-02
	50. ESTEE LAUDER COMPANIES CL A		2012-03-16	2014-06-02
	113. ESTEE LAUDER COMPANIES CL A		2014-04-01	2014-06-02
	56. MEAD JOHNSON NUTRITION CO		2012-01-19	2014-06-02
	94. MEAD JOHNSON NUTRITION CO		2014-02-06	2014-06-02
	199. NATIONAL INSTRS CORP		2011-05-06	2014-06-02
	196. QUALCOMM CORP.		2013-04-25	2014-06-02
	188. SALESFORCE COM INC		2014-04-28	2014-06-02
	143. SCHLUMBERGER LTD.		2013-04-16	2014-06-02
	519. CHARLES SCHWAB CORP.		2011-04-05	2014-06-02
	126. STARBUCKS CORP.		2012-10-25	2014-06-02
	54. STARBUCKS CORP.		2014-02-04	2014-06-02
	93. STERICYCLE INC		2012-01-10	2014-06-02
	77. VISA INC		2013-10-11	2014-06-02
	149.99986 WHOLE FOODS MARKET INC		2013-10-08	2014-06-02
	136.00014 WHOLE FOODS MARKET INC		2014-02-19	2014-06-02
	111. ACCENTURE PLC CL A		2008-01-08	2014-06-02
	446. GENPACT LIMITED		2013-03-06	2014-06-02
	10. CORE LABORATORIES N V		2012-10-08	2014-06-02
	55. CORE LABORATORIES N V		2014-05-28	2014-06-02
	16.25 NOW INC DE W I		2014-05-02	2014-06-09
	181.75 NOW INC DE W I		2013-02-22	2014-06-09
	13. VISA INC		2013-08-23	2014-06-13
	8. VISA INC		2013-08-23	2014-06-16
	5. VISA INC		2013-08-23	2014-06-17
	7. VISA INC		2013-08-23	2014-06-19
	.25 NOW INC DE W I		2011-09-30	2014-06-23
	250. CANADIAN NATURAL RESOURCES LTD		2013-07-11	2014-06-25
	55. SCHLUMBERGER LTD.		2013-09-16	2014-06-26
	30. SCHLUMBERGER LTD.		2012-03-14	2014-06-26
	14. SCHLUMBERGER LTD.		2011-12-12	2014-07-01
	6. SCHLUMBERGER LTD.		2011-12-12	2014-07-02
	4. SCHLUMBERGER LTD.		2011-12-12	2014-07-07
	9. SCHLUMBERGER LTD.		2011-12-12	2014-07-08
	9. SCHLUMBERGER LTD.		2011-12-12	2014-07-09
	18. FLUOR CORP NEW COM		2010-11-23	2014-07-11
	250. GARMIN LTD		2013-08-23	2014-07-11
	19. FLUOR CORP NEW COM		2010-11-23	2014-07-14
	12. FLUOR CORP NEW COM		2010-11-23	2014-07-15
	5. FLUOR CORP NEW COM		2010-11-23	2014-07-16
	5. FLUOR CORP NEW COM		2010-11-23	2014-07-17
	7. FLUOR CORP NEW COM		2010-11-23	2014-07-18
	4. FLUOR CORP NEW COM		2010-11-23	2014-07-21
	80. SCHLUMBERGER LTD.		2012-03-14	2014-07-21
	6. FLUOR CORP NEW COM		2010-11-23	2014-07-22
	26. ACCENTURE PLC CL A		2008-01-08	2014-07-22
	35. APPLE COMPUTER INC.		2014-01-28	2014-07-23
	120. APPLE COMPUTER INC.		2013-02-08	2014-07-23
	5. FLUOR CORP NEW COM		2010-11-23	2014-07-23
	30. ACCENTURE PLC CL A		2007-11-29	2014-07-23
	9. FLUOR CORP NEW COM		2010-11-22	2014-07-24
	24. ACCENTURE PLC CL A		2007-11-29	2014-07-24
	15. AMPHENOL CORP - CL A		2011-10-21	2014-07-25
	7. AMPHENOL CORP - CL A		2011-10-21	2014-07-28
	5. FLUOR CORP NEW COM		2010-11-22	2014-07-28
	12. AMPHENOL CORP - CL A		2011-10-21	2014-07-29
	4. FLUOR CORP NEW COM		2010-11-22	2014-07-29
	235. CANADIAN NATURAL RESOURCES LTD		2013-07-11	2014-07-30
	15. CANADIAN NATURAL RESOURCES LTD		2013-11-07	2014-07-30
	4. FLUOR CORP NEW COM		2010-11-22	2014-07-30
	4. APPLE COMPUTER INC.		2013-09-17	2014-07-31
	41. APPLE COMPUTER INC.		2013-01-24	2014-07-31
	185. CANADIAN NATURAL RESOURCES LTD		2013-11-07	2014-07-31
	45. SCHLUMBERGER LTD.		2012-03-14	2014-07-31
	10. FLUOR CORP NEW COM		2010-11-22	2014-08-01
	11. FLUOR CORP NEW COM		2010-11-22	2014-08-04
	14. FLUOR CORP NEW COM		2010-11-22	2014-08-05
	21. FLUOR CORP NEW COM		2010-11-22	2014-08-06
	17. ACCENTURE PLC CL A		2008-02-20	2014-08-13
	17. ACCENTURE PLC CL A		2008-02-20	2014-08-14
	120. CANADIAN NATURAL RESOURCES LTD		2013-07-10	2014-08-15
	100. GARMIN LTD		2013-07-23	2014-08-15
	26. ACCENTURE PLC CL A		2008-02-20	2014-08-18
	21. ACCENTURE PLC CL A		2008-02-20	2014-08-19
	17. ACCENTURE PLC CL A		2008-01-14	2014-08-26
	185. BEST BUY COMPANY INC		2014-01-16	2014-08-29
	52. APPLE COMPUTER INC.		2013-09-17	2014-09-04
	3. APPLE COMPUTER INC.		2013-03-14	2014-09-04
	98. GUESS INC		2011-06-28	2014-09-04
	91. GUESS INC		2011-06-28	2014-09-09
	64. GUESS INC		2011-07-15	2014-09-12
	16. APPLE COMPUTER INC.		2008-10-08	2014-09-15
	23. QUALCOMM CORP.		2014-07-30	2014-09-15
	13. APPLE COMPUTER INC.		2008-10-08	2014-09-16
	17. QUALCOMM CORP.		2014-07-30	2014-09-16
	11. QUALCOMM CORP.		2014-07-30	2014-09-17
	15. QUALCOMM CORP.		2009-08-31	2014-09-17
	19. QUALCOMM CORP.		2009-08-31	2014-09-18
	125. CANADIAN NATURAL RESOURCES LTD		2013-01-23	2014-09-19
	40. NETAPP INC		2012-05-03	2014-09-19
	80. NETAPP INC		2014-02-24	2014-09-19
	17. QUALCOMM CORP.		2009-08-31	2014-09-19
	130. NETAPP INC		2012-05-03	2014-09-22
	65. NETAPP INC		2014-07-11	2014-09-22
	125. BEST BUY COMPANY INC		2014-01-16	2014-09-24
	195. CISCO SYSTEMS		2013-10-08	2014-09-24
	205. CISCO SYSTEMS		2013-08-15	2014-09-24
	70. KENNAMETAL INC		2013-03-14	2014-09-24
	155. ORACLE SYSTEMS		2013-06-21	2014-09-24
	170. BEST BUY COMPANY INC		2014-01-16	2014-09-26
	110. CANADIAN NATURAL RESOURCES LTD		2013-01-14	2014-09-26
	18. ACCENTURE PLC CL A		2008-01-14	2014-10-01
	32. ACCENTURE PLC CL A		2009-03-27	2014-10-02
	18. ACCENTURE PLC CL A		2009-03-27	2014-10-03
	18. ACCENTURE PLC CL A		2009-03-27	2014-10-06
	195. HARTFORD FINANCIAL SERVICES GROUP INC		2012-10-11	2014-10-07
	75. M & T BK CORP COM		2012-07-18	2014-10-07
	31. ACCENTURE PLC CL A		2009-03-27	2014-10-08
	234. GUESS INC		2012-03-15	2014-10-09
	180. KENNAMETAL INC		2013-03-14	2014-10-09
	250. MERCK AND CO INC		2008-07-24	2014-10-09
	100. MICROCHIP TECHNOLOGY INC		2012-06-04	2014-10-09
	238. GUESS INC		2012-03-15	2014-10-10
	228. GUESS INC		2014-03-21	2014-10-10
	18. ACCENTURE PLC CL A		2009-03-27	2014-10-10
	26. ACCENTURE PLC CL A		2009-03-27	2014-10-13
	226. GUESS INC		2012-10-16	2014-10-15
	197. GUESS INC		2014-03-21	2014-10-15
	500. GUESS INC		2013-03-26	2014-10-16
	567. KENNAMETAL INC		2013-02-21	2014-10-16
	353. KENNAMETAL INC		2013-04-15	2014-10-17
	39. MEAD JOHNSON NUTRITION CO		2012-07-16	2014-10-17
	. PROCEEDS OF LITIGATION FROM DELL INC			2014-10-17
	803. HARTFORD FINANCIAL SERVICES GROUP INC		2012-10-11	2014-10-20
	7. GUESS INC		2013-03-26	2014-10-21
	412. HARTFORD FINANCIAL SERVICES GROUP INC		2012-09-27	2014-10-21
	162. KENNAMETAL INC		2013-04-19	2014-10-21
	10. GUESS INC		2013-03-26	2014-10-22
	67366.474 WASATCH FDS INC		2011-11-22	2014-10-22
	40. APPLE COMPUTER INC.		2013-03-14	2014-10-24
	179. BEST BUY COMPANY INC		2014-01-24	2014-10-24
	300. ORACLE SYSTEMS		2013-06-21	2014-10-24
	70. ACCENTURE PLC CL A		2009-04-17	2014-10-24
	42. ACCENTURE PLC CL A		2009-04-17	2014-10-27
	174. ORACLE SYSTEMS		2012-01-27	2014-10-28
	387. FREEPORT-MCMORAN COPPER & GOLD B		2011-11-21	2014-10-30
	22. GILEAD SCIENCES INC.		2014-03-14	2014-10-30
	3. COVANCE INC		2009-04-29	2014-10-31
	10. GILEAD SCIENCES INC.		2013-12-09	2014-10-31
	24. GILEAD SCIENCES INC.		2013-11-25	2014-11-03
	17. FLUOR CORP NEW COM		2010-11-22	2014-11-07
	40. APPLE COMPUTER INC.		2013-04-25	2014-11-10
	19. FLUOR CORP NEW COM		2010-11-22	2014-11-10
	118. MICROSOFT CORP.		2011-03-30	2014-11-10
	522. ORACLE SYSTEMS		2011-12-21	2014-11-10
	16. FLUOR CORP NEW COM		2010-11-18	2014-11-11
	31. COVANCE INC		2009-04-29	2014-11-12
	8. FLUOR CORP NEW COM		2010-11-18	2014-11-12
	5. COVANCE INC		2009-04-29	2014-11-14
	29. COVANCE INC		2009-04-29	2014-11-17
	19. COVANCE INC		2009-04-29	2014-11-18
	10. COVANCE INC		2009-04-29	2014-11-19
	13. COVANCE INC		2009-05-04	2014-11-20
	9. COVANCE INC		2009-05-04	2014-11-21
	177. BEST BUY COMPANY INC		2014-01-31	2014-11-24
	141. CISCO SYSTEMS		2013-12-24	2014-11-24
	200. CISCO SYSTEMS		2013-10-25	2014-11-24
	9. COVANCE INC		2009-05-04	2014-11-24
	89. GARMIN LTD		2014-09-25	2014-11-24
	9. COVANCE INC		2009-05-04	2014-11-25
	45. APPLE COMPUTER INC.		2008-10-08	2014-11-26
	13. COVANCE INC		2009-05-04	2014-11-26
	290. FREEPORT-MCMORAN COPPER & GOLD B		2014-02-19	2014-11-26
	317. FREEPORT-MCMORAN COPPER & GOLD B		2012-05-15	2014-11-26
	14. GILEAD SCIENCES INC.		2013-11-26	2014-11-26
	31. GILEAD SCIENCES INC.		2013-11-22	2014-11-26
	198. FREEPORT-MCMORAN COPPER & GOLD B		2013-02-28	2014-12-01
	74. APPLE COMPUTER INC.		2013-04-25	2014-12-02
	45. APPLE COMPUTER INC.		2013-04-19	2014-12-02
	73. BAXTER INTL. INC.		2014-06-25	2014-12-02
	146. BEST BUY COMPANY INC		2014-02-03	2014-12-02
	25. CALIFORNIA RESOURCES CORP		2014-01-31	2014-12-02
	116. CANADIAN NATURAL RESOURCES LTD		2014-10-17	2014-12-02
	164. CISCO SYSTEMS		2013-04-23	2014-12-02
	84. CISCO SYSTEMS		2013-12-24	2014-12-02
	100. CITY NATL CORP		2014-01-24	2014-12-02
	149. COACH INC		2014-06-09	2014-12-02
	76. FREEPORT-MCMORAN COPPER & GOLD B		2013-02-28	2014-12-02
	136. GAMESTOP CORP CL A		2014-03-18	2014-12-02
	221. HOLOGIC INC		2013-04-19	2014-12-02
	99. INFORMATICA CORP		2014-09-04	2014-12-02
	129. J P MORGAN CHASE & CO		2014-10-07	2014-12-02
	38. M & T BK CORP COM		2012-01-19	2014-12-02
	54. MERCK AND CO INC		2010-05-19	2014-12-02
	90. MICROSOFT CORP.		2011-03-30	2014-12-02
	59. MICROCHIP TECHNOLOGY INC		2012-06-04	2014-12-02
	65. NATIONAL-OILWELL INC		2014-05-02	2014-12-02
	13. NATIONAL-OILWELL INC		2012-05-10	2014-12-02
	145. NETAPP INC		2014-07-11	2014-12-02
	105. NORTHERN TR CORP		2014-01-23	2014-12-02
	57. NOVARTIS AG ADR		2011-01-05	2014-12-02
	64. OCCIDENTAL PETROLEUM CORP.		2014-01-31	2014-12-02
	81. OCEANEERING INTERNATIONAL INC		2014-09-30	2014-12-02
	74. PACCAR INC		2012-04-25	2014-12-02
	94. PACCAR INC		2012-09-11	2014-12-02
	194. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-11-19	2014-12-02
	80. QUALCOMM CORP.		2014-07-24	2014-12-02
	24. QUALCOMM CORP.		2013-06-18	2014-12-02
	665. REGIONS FINL CORP		2013-05-09	2014-12-02
	113. SANOFI A D R		2014-09-24	2014-12-02
	71. SCHLUMBERGER LTD.		2012-09-11	2014-12-02
	267. CHARLES SCHWAB CORP.		2013-01-07	2014-12-02
	200. SUNTRUST BANKS INC.		2013-03-14	2014-12-02
	181. SYNOVUS FINANCIAL CORP		2014-10-21	2014-12-02
	125. TEVA		2014-01-22	2014-12-02
	53. ENSCO PLC CL A		2013-11-15	2014-12-02
	128. ENSCO PLC CL A		2013-11-15	2014-12-02
	89. GARMIN LTD		2014-10-02	2014-12-02
	55. CHECK POINT SOFTWARE TECHNOLOGIES INC		2012-10-23	2014-12-02
	10. FOSSIL GROUP INC		2011-09-06	2014-12-04
	6. FOSSIL GROUP INC		2011-08-23	2014-12-05
	5. FOSSIL GROUP INC		2011-08-23	2014-12-08
	44. FLUOR CORP NEW COM		2010-11-19	2014-12-09
	24. FOSSIL GROUP INC		2011-12-22	2014-12-09
	6. FOSSIL GROUP INC		2012-05-10	2014-12-10
	1360.544 BROWN ADVISORY SUSTAINABLE GROWTH		2012-12-12	2014-12-11
	2044.99 BROWN ADV STRAT EUR EQ INS		2013-10-21	2014-12-11
	95. FLUOR CORP NEW COM		2010-11-23	2014-12-11
	5. FOSSIL GROUP INC		2012-05-10	2014-12-11
	240. CANADIAN NATURAL RESOURCES LTD		2013-01-14	2014-12-12
	214. CANADIAN NATURAL RESOURCES LTD		2014-10-17	2014-12-12
	24. FLUOR CORP NEW COM		2010-11-23	2014-12-12
	186. SCHLUMBERGER LTD.		2012-09-11	2014-12-12
	262. ENSCO PLC CL A		2013-11-15	2014-12-12
	388. CANADIAN NATURAL RESOURCES LTD		2013-01-17	2014-12-15
	30. FLUOR CORP NEW COM		2013-04-15	2014-12-15
	5. FOSSIL GROUP INC		2012-05-10	2014-12-15
	314. ENSCO PLC CL A		2013-11-27	2014-12-15
	233. CANADIAN NATURAL RESOURCES LTD		2013-02-21	2014-12-16
	22. FLUOR CORP NEW COM		2013-04-15	2014-12-16
	3. FOSSIL GROUP INC		2012-05-10	2014-12-16
	6. FOSSIL GROUP INC		2012-05-10	2014-12-17
	19. FLUOR CORP NEW COM		2013-04-15	2014-12-18
	5. FOSSIL GROUP INC		2012-05-10	2014-12-18
	102. FLUOR CORP NEW COM		2013-04-15	2014-12-19
	5. FOSSIL GROUP INC		2012-05-10	2014-12-19
	491. CHARLES SCHWAB CORP.		2013-01-03	2014-12-19
	11. FOSSIL GROUP INC		2012-05-10	2014-12-22
	70. APPLE COMPUTER INC.		2013-04-19	2014-12-23
	.6 CALIFORNIA RESOURCES CORP		2014-01-31	2014-12-23
	22. FOSSIL GROUP INC		2012-05-10	2014-12-23
	152. FREEPORT-MCMORAN COPPER & GOLD B		2013-03-05	2014-12-23
	31. FREEPORT-MCMORAN COPPER & GOLD B		2014-03-12	2014-12-23
	47. M & T BK CORP COM		2012-01-04	2014-12-23
	82.6 CALIFORNIA RESOURCES CORP		2012-11-06	2014-12-29
	26.4 CALIFORNIA RESOURCES CORP		2014-02-04	2014-12-29
	6. FOSSIL GROUP INC		2012-05-08	2014-12-29
	133. CALIFORNIA RESOURCES CORP		2012-12-05	2014-12-30
	3. FOSSIL GROUP INC		2012-05-08	2014-12-31
	410. FREEPORT-MCMORAN COPPER & GOLD B		2013-04-19	2014-12-31
	119. FREEPORT-MCMORAN COPPER & GOLD B		2014-03-12	2014-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,752	1,626	1,126
b	6,635	3,982	2,653
c	9,341	6,364	2,977
d	1,761	1,705	56
e	12,568	8,519	4,049
	4,734	3,823	911
	2,145	2,050	95
	31,771	19,745	12,026
	6,442	5,512	930
	448	424	24
	1,106	1,054	52
	10,322	7,383	2,939
	12,531	8,901	3,630
	1,786	1,550	236
	4,950	3,216	1,734
	12,615	7,371	5,244
	1,691	1,550	141
	851	775	76
	464	376	88
	770	626	144
	305	247	58
	1,068	877	191
	7,036	3,605	3,431
	7,948	5,476	2,472
	2,785	938	1,847
	7,615	7,468	147
	7,458	5,501	1,957
	8,014	3,407	4,607
	5,675	1,919	3,756
	2,136	1,049	1,087
	4,992	3,331	1,661
	1,188	402	786
	2,191	3,026	-835
	7,417	10,415	-2,998
	4,102	3,648	454
	1,859	625	1,234
	520	395	125
	1,041	909	132
	2,409	803	1,606
	20,398	11,457	8,941
	1,597	535	1,062
	2,539	841	1,698
	6,011	4,069	1,942
	2,556	1,807	749
	1,215	398	817
	1,212	860	352
	2,459	794	1,665
	363	258	105
	1,087	352	735
	5,686	3,456	2,230
	872	1,164	-292
	6,275	8,168	-1,893
	5,630	7,177	-1,547
	10,029	10,287	-258
	481	344	137
	2,494	2,107	387
	3,070	2,551	519
	681	220	461
	677	220	457
	1,218	396	822
	1,329	1,049	280
	675	220	455
	1,866	1,482	384
	5,554	1,737	3,817
	462	370	92
	4,561	2,992	1,569
	404	126	278
	936	738	198
	1,170	926	244
	2,049	628	1,421
	3,004	1,869	1,135
	1,782	540	1,242
	2,383	1,479	904
	11,097	4,913	6,184
	2,758	827	1,931
	2,919	847	2,072
	4,927	3,097	1,830
	1,350	387	963
	6,108	3,768	2,340
	1,398	1,505	-107
	1,304	1,410	-106
	3,981	4,471	-490
	5,399	5,465	-66
	1,090	310	780
	10,755	4,384	6,371
	2,283	2,075	208
	2,602	736	1,866
	7,432	4,653	2,779
	4,134	4,382	-248
	1,528	1,395	133
	5,855	5,951	-96
	9,438	5,881	3,557
	4,726	4,103	623
	542	155	387
	5,007	3,251	1,756
	2,048	1,234	814
	537	150	387
	2,069	1,221	848
	540	149	391
	744	436	308
	1,755	483	1,272
	8,560	3,372	5,188
	806	278	528
	662	186	476
	1,329	372	957
	6,372	6,701	-329
	11,322	8,633	2,689
	1,475	1,311	164
	5,165	4,065	1,100
	1,353	1,278	75
	1,109	1,035	74
	10,642	10,580	62
	1,439	1,351	88
	1,908	1,746	162
	1,963	1,924	39
	4,758	4,626	132
	4,651	4,533	118
	19,167	11,930	7,237
	2,380	2,477	-97
	5,322	3,556	1,766
	1,122	1,171	-49
	2,468	1,051	1,417
	1,222	983	239
	2,407	2,211	196
	1,769	1,377	392
	609	475	134
	816	640	176
	733	582	151
	43		43
	119		119
	516	408	108
	11,097	7,199	3,898
	222	175	47
	889	699	190
	12,140	10,091	2,049
	1,124	1,013	111
	104	92	12
	830	601	229
	4,423	2,160	2,263
	7,404	6,248	1,156
	5,484	3,354	2,130
	12,564	1,885	10,679
	628	395	233
	6,768	1,241	5,527
	8,088	3,344	4,744
	8,042	3,873	4,169
	13,162	8,399	4,763
	6,250	5,176	1,074
	4,616	3,637	979
	8,361	9,065	-704
	8,073	5,463	2,610
	2,291	2,076	215
	4,583	4,135	448
	10,832	8,828	2,004
	3,461	2,730	731
	9,173	7,878	1,295
	6,839	6,616	223
	9,846	7,554	2,292
	6,162	5,062	1,100
	13,175	12,824	351
	8,414	3,636	4,778
	8,249	3,625	4,624
	11,043	14,888	-3,845
	3,823	3,161	662
	8,641	7,724	917
	4,994	4,095	899
	8,383	7,228	1,155
	5,656	5,992	-336
	15,738	12,043	3,695
	9,824	8,041	1,783
	14,866	10,471	4,395
	13,115	9,913	3,202
	9,280	5,835	3,445
	3,977	3,809	168
	10,638	6,584	4,054
	16,481	14,096	2,385
	5,672	8,519	-2,847
	5,142	7,214	-2,072
	9,034	3,858	5,176
	7,522	7,868	-346
	1,600	1,020	580
	8,798	8,808	-10
	523	525	-2
	5,854	4,541	1,313
	2,745	2,335	410
	1,681	1,429	252
	1,054	893	161
	1,474	1,250	224
	9	5	4
	11,257	8,015	3,242
	6,413	4,785	1,628
	3,498	2,241	1,257
	1,653	1,000	653
	707	429	278
	469	286	183
	1,051	643	408
	1,051	643	408
	1,387	1,033	354
	14,302	10,025	4,277
	1,478	1,091	387
	938	689	249
	390	287	103
	386	287	99
	538	402	136
	308	230	78
	9,057	5,947	3,110
	463	344	119
	2,090	900	1,190
	3,412	2,542	870
	11,698	8,201	3,497
	389	287	102
	2,419	1,037	1,382
	698	516	182
	1,937	829	1,108
	1,463	695	768
	683	313	370
	378	287	91
	1,169	537	632
	302	230	72
	10,520	7,381	3,139
	672	468	204
	299	230	69
	383	261	122
	3,922	2,696	1,226
	8,112	5,778	2,334
	4,870	3,322	1,548
	738	574	164
	800	631	169
	1,020	803	217
	1,509	1,205	304
	1,343	586	757
	1,345	581	764
	4,948	3,638	1,310
	5,603	3,749	1,854
	2,074	889	1,185
	1,686	716	970
	1,387	568	819
	5,909	4,958	951
	5,172	3,390	1,782
	298	186	112
	2,272	4,104	-1,832
	2,101	3,755	-1,654
	1,470	2,577	-1,107
	1,628	213	1,415
	1,726	1,749	-23
	1,308	173	1,135
	1,285	1,293	-8
	834	836	-2
	1,137	694	443
	1,448	879	569
	5,051	3,735	1,316
	1,724	1,538	186
	3,447	3,210	237
	1,287	787	500
	5,581	4,923	658
	2,790	2,407	383
	4,219	3,350	869
	4,824	4,449	375
	5,071	5,037	34
	2,943	2,911	32
	6,004	4,793	1,211
	5,611	4,556	1,055
	4,346	3,284	1,062
	1,441	602	839
	2,539	1,047	1,492
	1,447	497	950
	1,452	497	955
	7,128	4,210	2,918
	9,114	6,334	2,780
	2,459	857	1,602
	4,947	8,346	-3,399
	7,249	7,374	-125
	14,829	8,323	6,506
	4,567	2,742	1,825
	4,961	7,317	-2,356
	4,752	6,572	-1,820
	1,386	497	889
	2,001	718	1,283
	4,773	6,185	-1,412
	4,160	5,599	-1,439
	10,543	12,926	-2,383
	21,950	23,049	-1,099
	13,762	13,791	-29
	3,916	2,840	1,076
	29		29
	29,225	16,226	12,999
	147	176	-29
	15,167	7,958	7,209
	6,408	5,888	520
	211	251	-40
	180,542	150,000	30,542
	4,195	2,474	1,721
	5,915	4,613	1,302
	11,577	8,954	2,623
	5,492	1,897	3,595
	3,310	1,128	2,182
	6,707	4,849	1,858
	10,923	13,769	-2,846
	2,506	1,657	849
	240	121	119
	1,133	749	384
	2,648	1,792	856
	1,129	976	153
	4,355	2,432	1,923
	1,258	1,090	168
	5,761	3,066	2,695
	21,086	13,737	7,349
	1,053	918	135
	3,118	1,251	1,867
	525	459	66
	502	202	300
	2,913	1,170	1,743
	1,915	767	1,148
	1,008	403	605
	1,309	523	786
	909	361	548
	6,844	4,368	2,476
	3,813	3,062	751
	5,409	4,506	903
	910	361	549
	5,313	4,482	831
	909	360	549
	5,342	599	4,743
	1,318	518	800
	8,495	9,688	-1,193
	9,285	10,588	-1,303
	1,402	1,043	359
	3,105	2,311	794
	5,132	6,393	-1,261
	8,505	4,285	4,220
	5,166	2,561	2,605
	5,333	5,444	-111
	5,497	3,398	2,099
	180	192	-12
	3,950	3,980	-30
	4,556	3,458	1,098
	2,333	1,824	509
	7,625	7,733	-108
	5,307	6,055	-748
	1,968	2,440	-472
	4,912	5,172	-260
	5,865	4,715	1,150
	3,627	3,367	260
	7,804	7,679	125
	4,770	2,986	1,784
	3,265	1,770	1,495
	4,376	2,314	2,062
	2,608	1,585	1,023
	4,323	4,665	-342
	865	805	60
	6,097	5,329	768
	7,056	6,570	486
	5,431	3,295	2,136
	5,120	5,447	-327
	5,077	5,265	-188
	5,025	3,151	1,874
	6,409	3,957	2,452
	6,747	6,318	429
	5,765	6,097	-332
	1,729	1,501	228
	6,510	5,797	713
	5,444	6,388	-944
	5,979	5,233	746
	7,449	4,023	3,426
	7,820	5,887	1,933
	4,659	4,339	320
	7,125	5,590	1,535
	1,795	3,262	-1,467
	4,335	7,879	-3,544
	5,008	4,474	534
	4,214	2,362	1,852
	1,100	856	244
	657	513	144
	543	427	116
	2,655	2,522	133
	2,570	1,992	578
	645	481	164
	20,000	13,637	6,363
	20,000	20,450	-450
	5,604	5,439	165
	544	398	146
	6,894	7,165	-271
	6,147	7,107	-960
	1,385	1,374	11
	14,903	13,516	1,387
	7,113	16,549	-9,436
	11,136	11,520	-384
	1,710	1,709	1
	533	398	135
	8,487	19,212	-10,725
	6,716	6,856	-140
	1,260	1,222	38
	321	239	82
	641	478	163
	1,126	1,055	71
	535	398	137
	6,115	5,192	923
	536	398	138
	14,715	7,328	7,387
	1,195	877	318
	7,888	3,943	3,945
	3	5	-2
	2,425	1,746	679
	3,481	4,840	-1,359
	710	965	-255
	6,000	3,629	2,371
	476	571	-95
	152	201	-49
	670	475	195
	739	896	-157
	334	237	97
	9,576	11,690	-2,114
	2,779	3,704	-925
			36,566

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			1,126
b			2,653
c			2,977
d			56
e			4,049
			911
			95
			12,026
			930
			24
			52
			2,939
			3,630
			236
			1,734
			5,244
			141
			76
			88
			144
			58
			191
			3,431
			2,472
			1,847
			147
			1,957
			4,607
			3,756
			1,087
			1,661
			786
			-835
			-2,998
			454
			1,234
			125
			132
			1,606
			8,941
			1,062
			1,698
			1,942
			749
			817
			352
			1,665
			105
			735
			2,230
			-292
			-1,893
			-1,547
			-258
			137
			387
			519
			461
			457
			822
			280
			455
			384
			3,817
			92
			1,569
			278
			198
			244
			1,421
			1,135
			1,242
			904
			6,184
			1,931
			2,072
			1,830
			963
			2,340
			-107
			-106
			-490
			-66
			780
			6,371
			208
			1,866
			2,779
			-248
			133
			-96
			3,557
			623
			387
			1,756
			814
			387
			848
			391
			308
			1,272
			5,188
			528
			476
			957
			-329
			2,689
			164
			1,100
			75
			74
			62
			88
			162
			39
			132
			118
			7,237
			-97
			1,766
			-49
			1,417
			239
			196
			392
			134
			176
			151
			43
			119
			108
			3,898
			47
			190
			2,049
			111
			12
			229
			2,263
			1,156
			2,130
			10,679
			233
			5,527
			4,744
			4,169
			4,763
			1,074
			979
			-704
			2,610
			215
			448
			2,004
			731
			1,295
			223
			2,292
			1,100
			351
			4,778
			4,624
			-3,845
			662
			917
			899
			1,155
			-336
			3,695
			1,783
			4,395
			3,202
			3,445
			168
			4,054
			2,385
			-2,847
			-2,072
			5,176
			-346
			580
			-10
			-2
			1,313
			410
			252
			161
			224
			4
			3,242
			1,628
			1,257
			653
			278
			183
			408
			408
			354
			4,277
			387
			249
			103
			99
			136
			78
			3,110
			119
			1,190
			870
			3,497
			102
			1,382
			182
			1,108
			768
			370
			91
			632
			72
			3,139
			204
			69
			122
			1,226
			2,334
			1,548
			164
			169
			217
			304
			757
			764
			1,310
			1,854
			1,185
			970
			819
			951
			1,782
			112
			-1,832
			-1,654
			-1,107
			1,415
			-23
			1,135
			-8
			-2
			443
			569
			1,316
			186
			237
			500
			658
			383
			869
			375
			34
			32
			1,211
			1,055
			1,062
			839
			1,492
			950
			955
			2,918
			2,780
			1,602
			-3,399
			-125
			6,506
			1,825
			-2,356
			-1,820
			889
			1,283
			-1,412
			-1,439
			-2,383
			-1,099
			-29
			1,076
			29
			12,999
			-29
			7,209
			520
			-40
			30,542
			1,721
			1,302
			2,623
			3,595
			2,182
			1,858
			-2,846
			849
			119
			384
			856
			153
			1,923
			168
			2,695
			7,349
			135
			1,867
			66
			300
			1,743
			1,148
			605
			786
			548
			2,476
			751
			903
			549
			831
			549
			4,743
			800
			-1,193
			-1,303
			359
			794
			-1,261
			4,220
			2,605
			-111
			2,099
			-12
			-30
			1,098
			509
			-108
			-748
			-472
			-260
			1,150
			260
			125
			1,784
			1,495
			2,062
			1,023
			-342
			60
			768
			486
			2,136
			-327
			-188
			1,874
			2,452
			429
			-332
			228
			713
			-944
			746
			3,426
			1,933
			320
			1,535
			-1,467
			-3,544
			534
			1,852
			244
			144
			116
			133
			578
			164
			6,363
			-450
			165
			146
			-271
			-960
			11
			1,387
			-9,436
			-384
			1
			135
			-10,725
			-140
			38
			82
			163
			71
			137
			923
			138
			7,387
			318
			3,945
			-2
			679
			-1,359
			-255
			2,371
			-95
			-49
			195
			-157
			97
			-2,114
			-925

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	468,905
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

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	241,685	5,247,174	0.04606
2012	55,000	4,812,805	0.011428
2011	41,250	4,649,366	0.008872
2010	237,550	4,228,887	0.056173
2009	277,465	3,879,306	0.071524

2	Total of line 1, column (d) ......................	2	0.194057
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	0.038811
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	5,937,332
5	Multiply line 4 by line 3.......................	5	230,434
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	5,244
7	Add lines 5 and 6.........................	7	235,678
8	Enter qualifying distributions from Part XII, line 4..............	8	275,004
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	5,244
	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	0
3	Add lines 1 and 2...........................	3	5,244
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	5,244
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	8,217
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	8,217
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,973
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax2,973	Refunded	11	0

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.............................

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

The books are in care of bullet

BROWN ADVISORY Telephone no. bullet

(410) 537-5404

Located at bullet

901 SOUTH BOND STREETBALTIMOREMD ZIP+4 bullet

21231

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
BENJAMIN H GRISWOLD IV	TRUSTEE 0	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 0	0
JACK S GRISWOLD	TRUSTEE 0	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 0	0
JACK S GRISWOLD JR	TRUSTEE 0	0
295 CENTRAL PARK WEST NEW YORK,NY10024	TRUSTEE 0	0
MICHAEL D HANKIN	TRUSTEE 0	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 0	0
BENJAMIN HUFTY GRISWOLD	TRUSTEE 0	0
142 EAST 71ST ST 11A NEW YORK,NY10021	TRUSTEE 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...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2014)

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......................... 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...................

5,755,460

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

272,288

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

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

6,027,748

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.........................

6,027,748

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

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

90,416

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

5,937,332

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

296,867

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....................

296,867

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

5,244

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

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

5,244

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

291,623

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

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

291,623

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

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

291,623

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 ..........

275,004

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

275,004

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).................

5,244

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

269,760

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					291,623
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				200,438
b Total for prior years:2012, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	0
b From 2010.......	0
c From 2011.......	0
d From 2012.......	0
e From 2013.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2014 from Part
XII, line 4: $ 275,004
a Applied to 2013, but not more than line 2a					200,438
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.....					74,566
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2014.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					217,057
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2010....	0
b Excess from 2011....	0
c Excess from 2012....	0
d Excess from 2013....	0
e Excess from 2014....	0

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

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

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
GILMAN SCHOOL 5407 ROLAND AVENUE BALTIMORE,MD21210	NONE	PUBLIC CHARITY	GENERAL	7,500
CHESPAEAKE BAY FDN 162 PRINCE GEORGE STREET ANNAPOLIS,MD21401	NONE	PUBLIC CHARITY	GENERAL	10,000
CALVERT SCHOOL CAPITAL CAMPAIGN 105 TUSCANY ROAD BALTIMORE,MD21210	NONE	PUBLIC CHARITY	GENERAL	10,000
ENTERPRISE FOUNDATION 10227 WINCOPIN CIRCLE COLUMBIA,MD21044	NONE	PUBLIC CHARITY	GENERAL	20,000
GBMC FOUNDATION 6701 NORTH CHARLES STREET BALTIMORE,MD21204	NONE	PUBLIC CHARITY	GENERAL	50,000
JOHNS HOPKINS UNIVERSITY 3400 NORTH CHARLES STREET BALTIMORE,MD21218	NONE	PUBLIC CHARITY	GENERAL	20,000
COLGATE UNIVERSITY 13 OAK DRIVE HAMILTON,NY13346	NONE	PUBLIC CHARITY	GENERAL SCHOLARSHIP FD	2,500
CRISTO REY JESUIT SCHOOL 420 SOUTH CHESTER STREET BALTIMORE,MD212312729	NONE	PUBLIC CHARITY	GENERAL	25,000
AWAKENED LIFE P O BOX 2368 SANTA FE,NM87504	NONE	PUBLIC CHARITY	GENERAL	5,000
BUDDHIST PEACE FELLOWSHIP PO BOX 3470 BERKELEY,CA94703	NONE	PUBLIC CHARITY	GENERAL	5,000
MARYLAND ZOO IN BALTIMORE 11000 BROKEN LAND PARKWAY COLUMBIA,MD21044	NONE	PUBLIC CHARITY	GENERAL	20,000
KENNEDY KRIEGER INSTITUTE 707 N BROADWAY BALTIMORE,MD21205	NONE	PUBLIC CHARITY	EQUIPMENT FOR PATIENTS	10,000
EVERYMAN THEATER 1727 NORTH CHARLES STREET BALTIMORE,MD21201	NONE	PUBLIC CHARITY	CAPITAL CAMPAIGN	5,000
FATHER MARTIN'S ASHLEY 800 TYDINGS LANE HAVRE DE GRACE,MD21078	NONE	PUBLIC CHARITY	NEW BUILDING CAPITAL	25,000
R ADAMS COWLEY SHOCK TRAUMA CENTER 22 SOUTH GREENE STREET BALTIMORE,MD21201	NONE	PUBLIC CHARITY	NEW SHOCK TRAUMA CARE TOWER	20,000
SQUASHWISE 3600 CLIPPER MILL ROAD BALTIMORE,MD21211	NONE	PUBLIC CHARITY	GENERAL	5,000
ST JAMES CHURCH 3100 MONKTON ROAD BALTIMORE,MD21111	NONE	PUBLIC CHARITY	GENERAL	10,000
LIVING CLASSROOMS FOUNDATION 802 S CAROLINE ST BALTIMORE,MD21231	NONE	PUBLIC CHARITY	GENERAL	25,000
Total ................................. 3a				275,000

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.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............
4 Dividends and interest from securities....			14	92,582
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 .............			18	468,905
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)..				561,487

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

13561,487

(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.)

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

Name of Bond	End of Year Book Value	End of Year Fair Market Value
DOUBLELINE EMG MKTS INC I
BROWN ADV TACTICAL BOND ADV
METROPOLITAN WEST TR BOND	1,025,923	1,029,433
BROWN INTERM BOND FUND

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	1,991,968	2,936,129
EQUITY MUTUAL FUNDS	699,802	928,836
FOREIGN STOCK	526,222	605,868

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES-PRIN	33,692	33,692
ASSOCIATION FEES	4			4

Category	Amount	Net Investment Income
FOREIGN TAXES	1,790	1,790
FEDERAL EXCISE TAX	45	0
QUARTERLY TAX DEPOSIT	6,142	0
FOREIGN TAXES ON QUALIFIED FOR	620	620