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
SylvanLaureate Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside RdSuite 123Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

52-2044008
B Telephone number (see instructions)

(800) 839-1754
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$10,430,585J 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).............. 0
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 470 470  
4 Dividends and interest from securities...... 175,979 175,648  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 879,246
b Gross sales price for all assets on line 6a 7,536,596
7 Capital gain net income (from Part IV, line 2)... 879,246
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........ 1,055,695 1,055,364  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 85,037 60,063   24,974
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 30,713 2,206    
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 48,551 41   48,510
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 164,301 62,310   73,484
25 Contributions, gifts, grants paid........ 1,743,789 1,743,789
26 Total expenses and disbursements. Add lines 24 and 25 1,908,090 62,310   1,817,273
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -852,395
b Net investment income (if negative, enter -0-) 993,054
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...............      
2 Savings and temporary cash investments.......... 559,984 258,103 258,103
3 Accounts receivable bullet1,380
Less: allowance for doubtful accounts bullet   1,574 1,380 1,380
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) 1,216,102 Click to see attachment1,148,969 1,154,211
b Investments—corporate stock (attach schedule)........ 7,701,908 Click to see attachment7,011,404 8,231,499
c Investments—corporate bonds (attach schedule)........ 583,680 Click to see attachment790,997 785,392
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,063,248 9,210,853 10,430,585
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 10,063,248 9,210,853
30 Total net assets or fund balances (see instructions)...... 10,063,248 9,210,853
31 Total liabilities and net assets/fund balances (see instructions).. 10,063,248 9,210,853
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 10,063,248
2 Enter amount from Part I, line 27a..................... 2 -852,395
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 9,210,853
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 9,210,853
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 7,536,596   6,657,350 879,246
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       879,246
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 879,246
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 1,761,377 11,648,170 0.151215
2012 2,917,800 9,628,494 0.303038
2011 2,077,502 9,422,407 0.220485
2010 2,068,353 9,064,084 0.228192
2009 1,782,061 7,968,595 0.223636
2 Total of line 1, column (d) ...................... 2 1.126566
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 0.225313
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 10,954,107
5 Multiply line 4 by line 3....................... 5 2,468,103
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 9,931
7 Add lines 5 and 6......................... 7 2,478,034
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,817,273
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 19,861
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 19,861
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 19,861
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 16,400
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,461
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 19,861
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  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    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
    Douglas Becker Pres / Trustee
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    R Christopher Hoehn-Saric First VP / Trustee
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    B Lee McGee Trustee
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Eilif Serck-Hanssen Treas
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Robert W Zentz Second VP / Sec
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Brown Investment Advisory Investment Managemen 60,063
    901 South Bond St Ste 400
    BALTIMORE,MD21231
    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 NLC SVCS-OVERSEE PHILANTHROPIC ACTIVITIES FOR SPECIAL PRJCTS IN CHERRY HILL INCLUDING BUILDING AN ASSESSMENT SYSTEM FOR PRE-K CHLDRN TO ENABLE EARLIER& MORE EFFECTIVE INTERVENTIONS 24,974
    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.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,747,466
    b
    Average of monthly cash balances.......................
    1b
    373,455
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,120,921
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    11,120,921
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    166,814
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,954,107
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    547,705
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    547,705
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    19,861
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    19,861
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    527,844
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    527,844
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    527,844
    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
    1,817,273
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,817,273
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,817,273
    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 7 527,844
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:2012, 2011, 2010  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 1,386,529
    b From 2010....... 1,618,035
    c From 2011....... 1,620,536
    d From 2012....... 2,453,053
    e From 2013....... 1,199,475
    fTotal of lines 3a through e......... 8,277,628
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,817,273
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 527,844
    e Remaining amount distributed out of corpus 1,289,429
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 9,567,057
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		1,386,529
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		8,180,528
    10 Analysis of line 9:
    a Excess from 2010.... 1,618,035
    b Excess from 2011.... 1,620,536
    c Excess from 2012.... 2,453,053
    d Excess from 2013.... 1,199,475
    e Excess from 2014.... 1,289,429
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACADEMY FOR GLOBAL CITIZENSHIP CHARTER SCHOOL
    4647 W 47TH ST
    CHICAGO,IL60632     		N/A PC Net-Positive Campaign 25,000
    ASSOCIATION OF CHILDRENS MUSEUMS INC
    2711 JEFFERSON DAVIS HWY STE 600
    ARLINGTON,VA22202     		N/A PC Charitable Event 5,000
    BALTIMORE CHILDRENS MUSEUM INC
    35 MARKET PL
    BALTIMORE,MD21202     		N/A PC General & Unrestricted 50,000
    BALTIMORE CHILDRENS MUSEUM INC
    35 MARKET PL
    BALTIMORE,MD21202     		N/A PC Charitable Event 10,000
    BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST INC
    808 N CHARLES ST
    BALTIMORE,MD21201     		N/A PC General & Unrestricted 5,000
    BALTIMORE MUSEUM OF ART INC
    10 ART MUSEUM DR
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 10,000
    BALTIMORE SCHOOL FOR THE ARTS FDN INC
    712 CATHEDRAL ST
    BALTIMORE,MD21201     		N/A SO II Charitable Event 15,000
    BALTIMORE SYMPHONY ORCHESTRA INC
    1212 CATHEDRAL ST
    BALTIMORE,MD21201     		N/A PC Family Concert Series 50,000
    BALTIMORE URBAN DEBATE LEAGUE INC
    2601 N HOWARD ST STE 150
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 5,000
    BREAST CANCER RESEARCH FOUNDATION INC
    60 E 56TH ST 8TH FL
    NEW YORK,NY10022     		N/A PC General & Unrestricted 5,000
    CASEY CARES FOUNDATION INC
    3918 VERO RD STE C
    BALTIMORE,MD21227     		N/A PC Charitable Event 1,500
    CHESAPEAKE BAY FOUNDATION INC
    6 HERNDON AVE
    ANNAPOLIS,MD21403     		N/A PC Education Program 25,000
    CRISTO REY JESUIT HIGH SCHOOL
    420 S CHESTER ST
    BALTIMORE,MD21231     		N/A PC 2014 - 2015 Corporate Internship Program 25,500
    CRISTO REY JESUIT HIGH SCHOOL
    420 S CHESTER ST
    BALTIMORE,MD21231     		N/A PC Charitable Event 5,000
    CYSTIC FIBROSIS FOUNDATION
    10626 YORK RD STE A
    COCKEYSVILLE,MD21030     		N/A PC Charitable Event 7,500
    DIGITAL HARBOR FOUNDATION INC
    1045 LIGHT ST
    BALTIMORE,MD21230     		N/A PC General & Unrestricted 10,000
    FAMILY TREE INC
    2108 N CHARLES ST
    BALTIMORE,MD21218     		N/A PC Charitable Event 15,000
    FUND FOR EDUCATIONAL EXCELLENCE INC
    800 N CHARLES ST
    BALTIMORE,MD21201     		N/A PC General & Unrestricted 10,000
    FUND FOR EDUCATIONAL EXCELLENCE INC
    800 N CHARLES ST
    BALTIMORE,MD21201     		N/A PC Baltimore Campaign for Grade Level Reading 6,000
    GLOBAL CITIZEN YEAR INCORPORATED
    1625 CLAY ST
    OAKLAND,CA94612     		N/A PC General & Unrestricted 50,000
    GLOBAL FAIRNESS INITIATIVE
    1800 WYOMING AVE NW
    WASHINGTON,DC20009     		N/A PC Charitable Event 10,000
    HORIZONS GREATER WASHINGTON INC
    3000 CATHEDRAL AVE NW
    WASHINGTON,DC20008     		N/A PC Charitable Event 1,500
    HOUSE OF RUTH MARYLAND INC
    2201 ARGONNE DR
    BALTIMORE,MD21218     		N/A PC Charitable Event 5,000
    INTERNATIONAL YOUTH FOUNDATION
    32 S ST STE 500
    BALTIMORE,MD21202     		N/A PC General & Unrestricted 365,083
    INTERNATIONAL YOUTH FOUNDATION
    32 S ST STE 500
    BALTIMORE,MD21202     		N/A PC in support of the Financial Times Ad 15,000
    INTERNATIONAL YOUTH FOUNDATION
    32 S ST STE 500
    BALTIMORE,MD21202     		N/A PC to cover 50% of 2014 budget 505,652
    IRVINE NATURAL SCIENCE CENTER INC
    11201 GARRISON FOREST RD
    OWINGS MILLS,MD21117     		N/A PC Charitable Event 1,500
    ITINERIS INC
    2050A ROCKROSE AVE
    BALTIMORE,MD21211     		N/A PC Charitable Event 2,500
    JUNIOR ACHIEVEMENT OF CENTRAL MARYLAND
    10711 RED RUN BLVD STE 110
    OWINGS MILLS,MD21117     		N/A PC General & Unrestricted 1,800
    KABOOM INC
    4301 CONNECTICUT AVE NW
    WASHINGTON,DC20008     		N/A PC 2014 Playground Project 109,754
    KENNEDY KRIEGER FOUNDATION INC
    707 N BROADWAY
    BALTIMORE,MD21205     		N/A PC Charitable Event 20,000
    LEUKEMIA & LYMPHOMA SOCIETY INC- MD CHAPTEr
    100 PAINTERS MILL RD STE 800
    OWINGS MILLS,MD21117     		N/A PC Charitable Event 25,000
    LIVING CLASSROOMS FOUNDATION INC
    802 S CAROLINE ST
    BALTIMORE,MD21231     		N/A PC Charitable Event 15,000
    MARIAN HOUSE INC
    949 GORSUCH AVE
    BALTIMORE,MD21218     		N/A PC Charitable Event 5,000
    MARYLAND COALITION FOR INCLUSIVE EDUCATION INC
    7484 CANDLEWOOD RD STE R
    HANOVER,MD21076     		N/A PC General & Unrestricted 2,500
    MORGAN STATE UNIVERSITY FOUNDATION INCORPORATED
    1700 E COLD SPRING LN TRTH HALL 201
    BALTIMORE,MD21251     		N/A PC White House Fellowship for Young African Leaders Initiative 10,000
    MOUNT VERNON PLACE CONSERVANCY INC
    901 S BOND ST STE 400A
    BALTIMORE,MD21231     		N/A PC Washington Monument Resotration Project 10,000
    NATIONAL AQUARIUM IN BALTIMORE INC
    501 E PRATT ST
    BALTIMORE,MD21202     		N/A PC Conservation Education Program 10,000
    NATIONAL FOUNDATION FOR TEACHING ENTREPRENEURSHIP
    300 E LOMBARD ST STE 1111
    BALTIMORE,MD21202     		N/A PC General & Unrestricted 7,500
    NETWORK 2000 INC
    1228 N CALVERT ST
    BALTIMORE,MD21202     		N/A PC 2014-2015 sponsor at the Ally level 10,000
    NEW LEADERS
    30 W 26TH ST 2ND FLR
    NEW YORK,NY10010     		N/A PC Leadership Development Program 20,000
    ORGANIZATION FOR COMMUNITY HEALTH OUTREACH INC
    110 W RD STE 200
    TOWSON,MD21204     		N/A PC Charitable Event 3,000
    PLANNED PARENTHOOD OF MARYLAND INC
    330 N HOWARD ST
    BALTIMORE,MD21201     		N/A PC Charitable Event 5,000
    SANTA FE CONSERVATION TRUST
    PO BOX 23985
    SANTA FE,NM87502     		N/A PC Charitable Event 500
    SILICON VALLEY COMMUNITY FOUNDATION
    2440 W EL CAMINO REAL STE 300
    MOUNTAIN VIEW,CA94040     		N/A PC Board Special Projects Fund 5,000
    STARFISH GREATHEARTS FOUNDATION USA
    606 POST RD E STE 622
    WESTPORT,CT06880     		N/A PC Charitable Event 10,000
    SWEETWATER SPECTRUM INC
    369 5TH ST W UNIT A
    SONOMA,CA95476     		N/A PC General & Unrestricted 25,000
    TEACH FOR AMERICA INC
    519 8TH AVE 15TH FL
    NEW YORK,NY10018     		N/A PC General & Unrestricted 50,000
    THE AMERICAN VISIONARY ART MUSEUM INC
    800 KEY HWY
    BALTIMORE,MD21230     		N/A PC Charitable Event 5,000
    THE EVERYMAN THEATRE INCORPORATED
    315 W FAYETTE ST
    BALTIMORE,MD21201     		N/A PC Capital Campaign 20,000
    THE RICHARD W RILEY INSTITUTE at furman university
    FURMAN UNIVERSITY 111 JOHNS HALL
    GREENVILLE,SC29613     		N/A PC Capital Campaign 50,000
    UNIVERSITY OF MARYLAND FOUNDATION INC
    3300 METZEROTT RD
    ADELPHI,MD20783     		N/A PC Hrabowski Fund 25,000
    US FDN FOR iNSPIRATION & RECOGNITION SCience& tech
    200 BEDFORD ST
    MANCHESTER,NH03101     		N/A PC Charitable Event 20,000
    VOLUNTEER CENTRAL INC
    1201 S SHARP ST STE 302
    BALTIMORE,MD21230     		N/A PC General & Unrestricted 22,000
    YMCA OF CENTRAL MARYLAND INC
    303 W CHESAPEAKE AVE
    BALTIMORE,MD21204     		N/A PC Charitable Event 15,000
    Total .................................bullet 3a 1,743,789
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 470  
    4 Dividends and interest from securities....     14 175,979  
    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 .............     		    18 879,246  
    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)..   1,055,695  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,055,695
    (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

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

    TY 2014 DepreciationSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN: 52-2044008
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN: 52-2044008
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BB&T CORP - 0.95035% - 01/15/2 35,041 34,990
    BED BATH & BEYOND - 3.749% - 0 35,192 35,483
    CAMDEN PROPERTY TRUST - 03.50% 34,789 34,760
    CELGENE CORP - 2.30% - 08/15/2 35,235 35,289
    CITIGROUP INC SR NT FLT - 0.00 25,965 25,826
    EDUCATION RLTY OPER PARTNERSHI 35,240 35,867
    FIRST AMERICAN FIN - 4.600% - 40,569 40,555
    FMC TECHNOLOGIES - 2.000% - 10 40,449 39,714
    HEALTHCARE TRUST OF AMER HLDGS 34,991 34,937
    HUNT J B TRANS SVCS INC - 2.40 35,177 35,019
    JPMORGAN CHASE & CO - 0.86535% 30,029 30,000
    KINDER MORGAN ENERGY - 05.30% 38,487 37,689
    MORGAN STANLEY - 01.0826% - 01 35,342 35,069
    MORGAN STANLEY - 04.350% - 09/ 15,181 15,090
    NEWS AMERICA - 3.0% - 09/15/20 34,106 34,764
    PROVIDENCE HEALTH & SVCS OBLIG 30,000 30,212
    REALTY INCOME - 04.125% - 10/1 39,126 39,756
    ROYAL BK OF CDA - 0.7606% - 03 50,152 50,369
    SUNOCO LOGISTICS PARTNERS - 4. 30,610 30,338
    SUTTER HEALTH NOTE - 1.09% - 0 30,000 29,862
    VERIZON COMMUNICATIONS - 3.65% 31,733 31,702
    WEATHERFORD INTL LTD - 4.500% 36,639 31,151
    ZIONS BANK - 4.50% - 06/13/202 36,944 36,950

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN: 52-2044008
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC. 12,533 22,250
    ACCENTURE PLC 11,988 17,594
    ALTRIA GROUP INC 22,213 39,712
    AMPHENOL CORPORATION 35,571 65,971
    ANSYS INC. 29,943 37,392
    APPLE INC. 87,060 145,150
    AUTOMATIC DATA PROCESSING INC. 15,835 29,096
    BAFQX 280,000 278,055
    BAXTER INTERNATIONAL INC. 40,965 42,508
    BEST BUY INC. 40,599 63,498
    BRISTOL-MYERS SQUIBB CO 39,899 40,495
    BROWN ADVISORY EMERGING MARKET 173,235 169,086
    BROWN ADVISORY MORT SEC INS 1,015,730 1,018,343
    BROWN ADVISORY SMALL-CAP FUNDA 550,633 750,419
    BROWN ADVISORY STRATEGIC BOND 449,999 450,903
    BROWN ADVISORY STRATEGIC EUROP 405,000 385,874
    BROWNIA SMALL-CAP GROWTH FUND 306,640 384,245
    CHARLES SCHWAB CORP 78,928 143,916
    CHECK POINT SOFTWARE TECHNOLOG 18,386 31,821
    CINCINNATI FINANCIAL CORP 8,992 15,860
    CISCO SYSTEMS INC 43,379 52,469
    CITY NATL CP 53,261 60,608
    COACH INC 42,011 42,443
    COCA-COLA CO 11,574 14,144
    COGNIZANT TECHNOLOGY SOLUTIONS 29,861 45,340
    COLFAX CORPORATION 14,153 14,904
    COMMSCOPE HOLDING COMPANY INC 23,041 24,656
    COPA HOLDINGS S.A. 13,010 10,882
    CORE LABORATORIES 42,959 46,211
    COSTCO WHOLESALE CORPORATION 30,809 52,589
    COVANCE INC 16,437 32,294
    DANAHER CORP 46,797 76,625
    DAVITA HEALTHCARE PARTNERS INC 43,098 61,652
    DISCOVERY COMMUNICATIONS CL A 26,357 22,255
    DISCOVERY COMMUNICATIONS, INC 37,783 32,607
    EBAY INC. 24,544 26,376
    ECOLAB INC 43,696 62,085
    ENSCO PLC 62,741 38,486
    ERIE INDEMNITY CO CLASS A 13,942 19,334
    ESTEE LAUDER COMPANIES INC 55,648 66,827
    EXPRESS SCRIPTS HOLDING CO. 62,932 100,757
    FASTENAL COMPANY 59,247 62,113
    FMC TECHS INC COM 57,010 59,112
    FOSSIL INC COM 12,490 16,832
    GAMESTOP CORP 60,935 58,542
    GARMIN LTD 47,663 59,011
    GENPACT LIMITED 39,137 45,034
    GILEAD SCIENCES INC 55,140 69,564
    GOOGLE INC CL A 24,074 40,330
    GOOGLE INC CL C 24,000 40,006
    HEALTHCARE SVCS GROUP INC 9,309 18,187
    HOLOGIC, INC 33,907 44,923
    INFORMATICA CORPORATION 25,182 29,749
    INTUITIVE SURGICAL, INC. 73,321 84,630
    JOHNSON & JOHNSON 14,314 23,215
    JOY GLOBAL INC. 61,181 50,614
    JP MORGAN CHASE & CO 75,050 84,045
    KINDER MORGAN INC 30,341 41,252
    M&T BANK CORP 36,727 48,238
    MCDONALD'S CORP 13,213 14,149
    MEAD JOHNSON NUTRITI 54,166 75,204
    MERCK & CO INC. 32,399 43,444
    MICROCHIP TECHNOLOGY INC. 16,333 20,074
    MICROSOFT CORPORATION 41,972 64,658
    NATIONAL INSTRUMENTS CORPORATI 27,794 32,986
    NATL OILWELL VARCO 37,206 38,138
    NETAPP, INC. 40,021 46,134
    NETSUITE INC. 22,710 29,258
    NIELSEN HOLDINGS N.V. 10,790 11,004
    NORTHERN TRUST CORPORATION 45,321 54,931
    NOVARTIS AG ADR 45,811 69,680
    OAKMARK INTERNATIONAL SMALL CA 214,848 240,972
    OCCIDENTAL PETROLEUM CORP 62,268 61,989
    OCEANERING INTL INC 39,569 36,756
    ONEBEACON INSURANCE GROUP 9,126 10,562
    PACCAR INC 34,168 51,212
    PHILIP MORRIS INTL 23,651 23,050
    PLAINS GP HOLDINGS LP 47,960 51,283
    PLUM CREEK TIMBER REIT 21,283 22,336
    POTASH CORPORATION OF SASKATCH 46,106 52,097
    PRAXAIR INC. 10,020 12,697
    PUBLIC STORAGE 5.900% 20,541 21,109
    PUBLIC STORAGE SBI O 6.875% 10,698 10,526
    QUALCOMM INC 123,705 155,127
    REDWOOD TR INC. 15,697 17,375
    REGIONS FINANCIAL CORP 40,474 52,737
    ROGERS COMM CL B 9,977 9,676
    SALESFORCE.COM 37,647 59,903
    SANOFI-AVENTIS SPONSORED ADR 45,025 39,179
    SCHLUMBERGER LTD 88,025 101,211
    STARBUCKS CORP COM 47,376 78,604
    STERICYCLE INC 52,369 75,764
    SUNCOR ENERGY INC 37,326 34,831
    SUNTRUST BKS INC 44,393 62,557
    SYNOVUS FINL CP 36,274 41,746
    T. ROWE PRICE ASSOCIATES 7,354 10,389
    TARGET CORPORATION 15,032 19,661
    TEVA PHARMECEUTICAL SP ADR 58,593 78,731
    TIME WARNER CABLE INC 13,023 15,814
    TOTAL FINA ELF S.A. 8,136 8,294
    TRIPADVISOR LLC 31,063 30,984
    UNILEVER N V N Y 61,635 64,533
    UNITED TECHNOLOGIES CORP 16,199 23,690
    V F CORP 12,568 25,915
    VISA INC 64,092 95,179
    W. P. CAREY INC 20,806 23,273
    WELLS FARGO & CO. 16,367 18,310
    WHOLE FOODS MARKET, INC. 79,064 82,638

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    SylvanLaureate Foundation Inc
    EIN: 52-2044008
    US Government Securities - End of Year Book Value:

    862,356
    US Government Securities - End of Year Fair Market Value:

    865,335
    State & Local Government Securities - End of Year Book Value:


    286,613
    State & Local Government Securities - End of Year Fair Market Value:


    288,876


    TY 2014 OtherExpensesSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN: 52-2044008
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 48,510     48,510
    Bank Charges 41 41    


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN: 52-2044008
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 60,063 60,063    
    PHILANTHROPIC CONSULTING - DCA 24,974     24,974


    TY 2014 TaxesSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN: 52-2044008
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2014 16,400      
    990-PF Excise Tax for 2013 1      
    990-PF Extension for 2013 12,106      
    Foreign Tax Paid 2,206 2,206