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
OWSLEY BROWN II COCKAYNE FUND INC
C/O ZELKOVA STRATEGIC PARTNERS LLC

Number and street (or P.O. box number if mail is not delivered to street address)333 EAST MAIN STREET NO 401   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY40202
A Employer identification number

45-2961442
B Telephone number (see instructions)

(502) 805-7203
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$39,428,186J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 11 11  
4 Dividends and interest from securities...... 546,439 546,069  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 979,187
b Gross sales price for all assets on line 6a 6,316,949
7 Capital gain net income (from Part IV, line 2)... 979,187
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).......      
12 Total. Add lines 1 through 11........ 1,525,637 1,525,267  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,400 1,200   1,200
c Other professional fees (attach schedule).... Click to see attachment 76,343 36,970   39,366
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,975 2,475   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 62 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 84,780 40,645   40,566
25 Contributions, gifts, grants paid........ 1,623,000 1,623,000
26 Total expenses and disbursements. Add lines 24 and 25 1,707,780 40,645   1,663,566
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -182,143
b Net investment income (if negative, enter -0-) 1,484,622
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............... 16,223 13,054 13,054
2 Savings and temporary cash investments.......... 330,084 252,529 252,529
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 13,828,625 Click to see attachment17,345,242 39,162,603
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 3,618,036    
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) 17,792,968 17,610,825 39,428,186
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 17,798,157 17,616,014
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -5,189 -5,189
30 Total net assets or fund balances (see instructions)...... 17,792,968 17,610,825
31 Total liabilities and net assets/fund balances (see instructions).. 17,792,968 17,610,825
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 17,792,968
2 Enter amount from Part I, line 27a..................... 2 -182,143
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 17,610,825
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 17,610,825
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 513 SHS ANHEUSER-BUSCH INBEVADR      
b 425 SHS BOEING CO      
c 10,368 SHS CONAGRA FOODS INC      
d 779 SHS DAVITA INC      
e 604 SHS DOVER CORP      
771 SHS EXPRESS SCRIPTS HLDGCO      
978 SHS GLAXOSMITHKLINE ADR      
1,855 SHS KNOWLES CORP      
1,134 SHS LOWES COMPANIES      
311 SHS MCKEESON CORP      
909 SHS MOLSON COORS BREWING CO      
1,371 SHS ORACLE CORP      
1,718 SHS PRESTIGE BRANDS HLDGS INC      
695 SHS QUALCOMM INC      
3,619 SHS REED ELSEVIER      
19,530.876 SHS VANGUARD SHORT TERM TAX EXEMPT ADM      
19,826.151 SHS AMERICAN AMCAP FUND      
4,404.445 SHS AMERICAN EUROPACIFICGROWTH FUND      
16,865.852 SHS AMERICAN MUTUAL FUND      
11,854.361 SHS GOLDMAN SACHS GROWTH OPPS CL A      
15,473.033 SHS GOLDMAN SACHS N-11 EQUITY INSTL      
9,876.047 SHS GOLDMAN SACHS SMALL CAP VALUE INSTL      
2,192.515 SHS HEARTLAND VALUE PLUS INSTL      
19,344.426 SHS JPMORGAN MID CAP VALUE FUND      
22,317.268 SHS MANNING & NAPIER WORLD OPPT SER CL A      
4,653.039 SHS MATTHEWS ASIAN GROWTH & INCOME FUND      
4,843.796 SHS OPPENHEIMER DEV MARKETS FD      
8,324.939 SHS PRUDENTIAL JENNISON MID CAP GROWTH CL Z      
4,690 SHS SPDR SER TR DJ WILSHIRE REIT ETF      
20,338.236 SHS VANGUARD INDEX TRUSTSM CAP GRWTH INV CL      
(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 53,731   53,249 482
b 53,697   60,201 -6,504
c 325,211   351,128 -25,917
d 53,620   50,652 2,968
e 50,575   47,911 2,664
53,637   56,583 -2,946
53,788   51,107 2,681
54,134   58,225 -4,091
53,734   56,196 -2,462
53,782   54,204 -422
53,708   51,901 1,807
53,674   52,234 1,440
53,688   57,191 -3,503
53,823   51,530 2,293
53,498   54,323 -825
310,245   310,000 245
535,480   395,210 140,270
215,044   184,079 30,965
576,787   445,930 130,857
328,129   280,000 48,129
165,072   175,025 -9,953
544,935   414,186 130,749
76,406   66,676 9,730
658,871   507,341 151,530
198,624   183,572 15,052
86,686   80,953 5,733
178,978   155,964 23,014
332,390   239,561 92,829
341,900   303,091 38,809
693,102   489,539 203,563
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       482
b       -6,504
c       -25,917
d       2,968
e       2,664
      -2,946
      2,681
      -4,091
      -2,462
      -422
      1,807
      1,440
      -3,503
      2,293
      -825
      245
      140,270
      30,965
      130,857
      48,129
      -9,953
      130,749
      9,730
      151,530
      15,052
      5,733
      23,014
      92,829
      38,809
      203,563
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 2 979,187
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 1,296,757 32,461,273 0.039948
2012 1,624,584 28,591,084 0.056821
2011 0 2,336,533 0.000000
2010      
2009      
2 Total of line 1, column (d) ...................... 2 0.096769
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 0.032256
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 39,019,900
5 Multiply line 4 by line 3....................... 5 1,258,626
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 14,846
7 Add lines 5 and 6......................... 7 1,273,472
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,663,566
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 14,846
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 14,846
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 14,846
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 15,583
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 21,583
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 6,737
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet6,737 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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)
    bulletKY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCHRISTINA LEE BROWN Telephone no.bullet (502) 805-7203
    Located atbulletC/O ZELKOVA STRATEGIC PARTNERS LLC333 E MAIN STREET STE 401LOUISVILLEKY ZIP+4bullet40202
    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
     
     
    .........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
    CHRISTINA LEE BROWN PRESIDENT/DIRECTOR
    1.00     		0 0 0
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    333 E MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    OWSLEY BROWN III VICE PRESIDENT/DIRECTOR
    1.00     		0 0 0
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    333 E MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    BROOKE BROWN BARZUN TREASURER/DIRECTOR
    1.00     		0 0 0
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    333 E MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    AUGUSTA BROWN HOLLAND SECRETARY/DIRECTOR
    1.00     		0 0 0
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    333 E MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    39,444,987
    b
    Average of monthly cash balances.......................
    1b
    169,125
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    39,614,112
    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
    39,614,112
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    594,212
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    39,019,900
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,950,995
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,950,995
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    14,846
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,846
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,936,149
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,936,149
    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
    1,936,149
    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
    1,663,566
    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
    1,663,566
    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
    14,846
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,648,720
    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 1,936,149
    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.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012....... 64,190
    e From 2013.......  
    fTotal of lines 3a through e......... 64,190
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,663,566
    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..... 1,663,566
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 64,190 64,190
    (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 ..........     		208,393
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CLIFTON CENTER
    2117 PAYNE STREET
    LOUISVILLE,KY40206     		NONE PC GENERAL OPERATING SUPPORT 30,000
    SEED CAPITAL KENTUCKY INC
    200 YORK STREET
    LOUISVILLE,KY40203     		NONE PC GENERAL OPERATING SUPPORT 50,000
    THIS I BELIEVE INC
    2424 FRANKFORT AVENUE
    LOUISVILLE,KY40206     		NONE PC GENERAL OPERATING SUPPORT 5,000
    BERRY CENTER
    19 NORTH MAIN STREET
    NEW CASTLE,KY40050     		NONE PC GENERAL OPERATING SUPPORT 75,000
    KENTUCKY HUMANITIES COUNCIL
    206 E MAXWELL STREET
    LEXINGTON,KY40508     		NONE PC GENERAL OPERATING SUPPORT 10,000
    NANTUCKET DREAMLAND FOUNDATION
    17 SOUTH WATER STREET
    NANTUCKET,MA02554     		NONE PC GENERAL OPERATING SUPPORT 15,000
    RAPTOR REHABILITATION OF KENTUCKY INC
    PO BOX 18002
    LOUISVILLE,KY40261     		NONE PC GENERAL OPERATING SUPPORT 2,500
    KENTUCKY MUSEUM OF ART AND CRAFT INC
    715 WEST MAIN STREET
    LOUISVILLE,KY40202     		NONE PC GENERAL OPERATING SUPPORT 5,000
    BOYLE LANDMARK TRUST INC
    PO BOX 1693
    DANVILLE,KY40422     		NONE PC GENERAL OPERATING SUPPORT 20,000
    ACTOR'S THEATRE OF LOUISVILLE
    316 WEST MAIN STREET
    LOUISVILLE,KY40202     		NONE PC CRM PLATFORM SOFTWARE UPGRADE 150,000
    SPALDING UNIVERSITY
    845 SOUTH THIRD STREET
    LOUISVILLE,KY40203     		NONE PC AFRICAN AMERICAN SCHOLARSHIP 5,000
    CATHEDRAL OF THE ASSUMPTION
    433 SOUTH FIFTH STREET
    LOUISVILLE,KY40202     		NONE PC FEEDMYNEIGHBOR SPONSORSHIP TANGO SPONSOR 10,000
    UNIVERSITY OF LOUISVILLE FOUNDATION
    2301 SOUTH THIRD STREET
    LOUISVILLE,KY40208     		NONE PC ARTS & HUMANITIES COMMUNITY INTEGRATION & LEADERSHIP INITIATIVE 40,000
    KENTUCKY OPERA ASSOCIATION INC
    323 WEST BROADWAY SUITE 601
    LOUISVILLE,KY40202     		NONE PC GENERAL OPERATING SUPPORT 50,000
    PRESERVATION KENTUCKY
    306 WEST MAIN STREET SUITE 501
    FRANKFORT,KY40601     		NONE PC GENERAL OPERATING SUPPORT 10,000
    COMMONWEALTH FUND FOR KET INC
    560 COOPER DRIVE
    LEXINGTON,KY40502     		NONE PC PROGRAMMING SUPPORT 5,000
    ACTOR'S THEATRE OF LOUISVILLE
    316 WEST MAIN STREET
    LOUISVILLE,KY40202     		NONE PC MEMORIAL GIFT IN HONOR OF KARL "BUZZ" VICTOR 2,000
    CENTER FOR INTERFAITH RELATIONS
    415 WEST MUHAMMAD ALI BOULEVARD
    SUITE 101
    LOUISVILLE,KY40202     		NONE PC MEMORIAL GIFT IN HONOR OF MAREA GARDNER 500
    MARYHURST
    1015 DORSEY LANE
    LOUISVILLE,KY40223     		NONE PC MEMORIAL GIFT IN HONOR OF MAREA GARDNER 500
    SUSTAINABLE FOOD ALLIANCE
    328 NORTH 28TH STREET
    ALLENTOWN,PA18104     		NONE PC GENERAL OPERATING SUPPORT 5,500
    SUSTAINABLE FOOD ALLIANCE
    328 NORTH 28TH STREET
    ALLENTOWN,PA18104     		NONE PC BRAVE SPACE GRAPHIC HARVESTING REIMBURSEMENT 3,000
    SLOW MONEY
    PO BOX 2231
    BOULDER,CO80306     		NONE PC SLOW MONEY NATIONAL GATHERING IN LOU., KY 25,000
    THE FILSON HISTORICAL SOCIETY
    1310 SOUTH THIRD STREET
    LOUISVILLE,KY40208     		NONE PC PHASE II WING 575,000
    RIVER FIELDS INC
    455 SOUTH FOURTH STREET SUITE 990
    LOUISVILLE,KY40202     		NONE PC PROPERTY PURCHASE ON RIVER RD. DONATION 47,300
    KENTUCKY ENVIRONMENTAL FOUNDATION
    PO BOX 467
    BEREA,KY40403     		NONE PC GENERAL OPERATING SUPPORT 22,000
    MARINE CONSERVATION INSTITUTE
    4010 STONE WAY NORTH SUITE 210
    SEATTLE,WA98103     		NONE PC GENERAL OPERATING SUPPORT 7,000
    JEWISH FAMILY AND CAREER SERVICES
    2821 KLEMPNER WAY
    LOUISVILLE,KY40205     		NONE PC TABLE SPONSORSHIP FOR MOSAIC AWARDS 1,500
    LAND INSTITUTE
    2440 EAST WATER WELL ROAD
    SALINA,KS67401     		NONE PC GENERAL OPERATING SUPPORT 12,000
    STONE BARNS
    630 BEDFORD ROAD
    POCANTICO HILLS,NY10591     		NONE PC GENERAL OPERATING SUPPORT 5,000
    SHAKER VILLAGE AT PLESANT HILL
    3501 LEXINGTON ROAD
    HARRODSBURG,KY40330     		NONE PC IN SUPPORT OF CHAMBER MUSIC FESTIVAL OF THE BLUEGRASS 10,000
    OLDHAM COUNTY HISTORICAL SOCIETY
    106 NORTH SECOND AVENUE
    LA GRANGE,KY40031     		NONE PC ANNUAL SUPPORT 1,000
    SUSTAINABLE FOOD ALLIANCE
    328 NORTH 28TH STREET
    ALLENTOWN,PA18104     		NONE PC ANTIBIOTIC RESEARCH BY RICHARD YOUNG 25,000
    LAND INSTITUTE
    2440 EAST WATER WELL ROAD
    SALINA,KS67401     		NONE PC GENERAL OPERATING SUPPORT 25,000
    KENTUCKY NATURAL LANDS TRUST
    433 CHESTNUT STREET
    BEREA,KY40403     		NONE PC DEVELOPMENT DIRECTOR GRANT 50,000
    ACLU
    315 GUTHRIE STREET SUITE 300
    LOUISVILLE,KY40202     		NONE PC ACLU RFP BENEFIT 2,500
    21ST CENTURY PARKS INC
    471 WEST MAIN STREET SUITE 202
    LOUISVILLE,KY40202     		NONE PC IN SUPPORT OF THE PARKLANDS AT FLOYDS FORK 1,000
    KENTUCKY COALITION
    PO BOX 1450
    LONDON,KY40743     		NONE PC IN SUPPORT OF ALLIANCE OF APPALACHIA 10,000
    BIODYNAMIC ASSOCIATION
    1661 NORTH WATER STREET SUITE 307
    MILWAUKEE,WI53202     		NONE PC IN SUPPORT OF CONFERENCE SCHOLARSHIPS 5,000
    CATHEDRAL OF THE ASSUMPTION
    433 SOUTH FIFTH STREET
    LOUISVILLE,KY40202     		NONE PC SCULPTURE OF MOTHER CATHERINE SPALDING 20,000
    PUBLIC CAMPAIGN
    1133 19TH STREET NW 9TH FLOOR
    WASHINGTON,DC20036     		NONE PC GENERAL OPERATING SUPPORT 20,000
    TRINITY HIGH SCHOOL FOUNDATION
    4011 SHELBYVILLE ROAD
    LOUISVILLE,KY40207     		NONE PC IN SUPPORT OF THE ARCHBISHOP THOMAS KELLY OP SCHOLARSHIP FUND 15,000
    BERRY CENTER
    19 NORTH MAIN STREET
    NEW CASTLE,KY40050     		NONE PC IN SUPPORT OF THE METRO FARMLAND STUDY 10,000
    VILLAGE CAPITAL INC
    2200 CENTURY PARKWAY SUITE 100
    ATLANTA,GA30345     		NONE PC GENERAL OPERATING SUPPORT 15,000
    LOUISVILLE ORCHESTRA
    323 WEST BROADWAY SUITE 700
    LOUISVILLE,KY40202     		NONE PC GENERAL OPERATING SUPPORT 171,215
    KIVA
    875 HOWARD STREET
    SAN FRANCISCO,CA94103     		NONE PC GENERAL OPERATING SUPPORT 50,000
    SISTERS OF CHARITY OF NAZARETH
    PO BOX 9
    NAZARETH,KY40048     		NONE PC GENERAL OPERATING SUPPORT 3,485
    Total .................................bullet 3a 1,623,000
    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 11  
    4 Dividends and interest from securities....     14 546,439  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 979,187  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,525,637 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,525,637
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    OWSLEY BROWN II COCKAYNE FUND INC
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN: 45-2961442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX AND ACCOUNTING PREPARATION FEES 2,400 1,200   1,200

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    OWSLEY BROWN II COCKAYNE FUND INC
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN: 45-2961442
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ANHEUSER BUSCH INBEV SA/NV ADR (BUD) 297,071 321,460
    BOEING CO (BA) 290,805 266,849
    BROWN FORMAN CORP CL B (BFB) 13,525,534 34,952,502
    DAVITA INC (DVA) 300,984 350,601
    DOVER CORP (DOV) 246,377 222,762
    EXPRESS SCRIPTS HOLDING CO (ESRX) 294,804 340,119
    GLAXOSMITHKLINE PLC ADR (GSK) 300,266 245,584
    LOWES COMPANIES INC (LOW) 295,403 410,117
    MCKESSON CORP (MCK) 298,382 355,377
    MOLSON COORS BREWING CO CL B (TAP) 299,245 390,559
    ORACLE CORP (ORCL) 299,613 353,644
    PRESTIGE BRANDS HOLDINGS INC (PBH) 295,911 308,626
    QUALCOMM INC (QCOM) 300,800 301,557
    REED ELSEVIER PLC (RUKEF) 300,047 342,846

    TY 2014 OtherExpensesSchedule
    Name:
    OWSLEY BROWN II COCKAYNE FUND INC
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN: 45-2961442
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 36 0   0
    LICENSES & PERMITS 25 0   0
    MISCELLANEOUS 1 0   0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    OWSLEY BROWN II COCKAYNE FUND INC
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN: 45-2961442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 76,343 36,970   39,366


    TY 2014 TaxesSchedule
    Name:
    OWSLEY BROWN II COCKAYNE FUND INC
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN: 45-2961442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,475 2,475   0
    2014 ESTIMATED TAXES 3,500 0   0