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
EDWARD FREITAG & MARTHA HALEY FDN INC
 

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231
A Employer identification number

52-2209095
B Telephone number (see instructions)

(410) 537-5491
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$667,613J 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      
4 Dividends and interest from securities...... 8,486 8,486  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 142,976
b Gross sales price for all assets on line 6a 454,111
7 Capital gain net income (from Part IV, line 2)... 142,976
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 151,462 151,462  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 3,634 3,634   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 613 168   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,247 3,802 0 0
25 Contributions, gifts, grants paid........ 77,500 77,500
26 Total expenses and disbursements. Add lines 24 and 25 81,747 3,802 0 77,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 69,715
b Net investment income (if negative, enter -0-) 147,660
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets 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.......... 7,367 43,887 43,887
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)........ 500,173 Click to see attachment533,377 623,726
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)...........     0
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) 507,540 577,264 667,613
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......... 507,540 577,264
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 507,540 577,264
31 Total liabilities and net assets/fund balances (see instructions).. 507,540 577,264
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)............... 1 507,540
2 Enter amount from Part I, line 27a..................... 2 69,715
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 9
4 Add lines 1, 2, and 3.......................... 4 577,264
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. 6 577,264
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 18. AMPHENOL CORP - CL A   2011-10-21 2014-06-05
b 11. ANSYS INC   2010-11-30 2014-06-05
c 3. APPLE COMPUTER INC.   2013-02-01 2014-06-05
d 20. COGNIZANT TECH SOLUTIONS CRP COM   2012-05-07 2014-06-05
e 10. COSTCO WHOLESALE CORPORATION   2009-05-29 2014-06-05
14. COVANCE INC   2009-10-30 2014-06-05
24. DANAHER CORP   2008-10-28 2014-06-05
23. DAVITA INC   2011-10-06 2014-06-05
15. DISCOVERY COMMUNICATIONS INC CL A   2014-05-06 2014-06-05
12. ECOLAB INC   2012-11-27 2014-06-05
31. EXPRESS SCRIPTS HLDGS C   2012-12-12 2014-06-05
32. FMC TECHNOLOGIES INC   2010-05-27 2014-06-05
13. FASTENAL CO   2014-02-04 2014-06-05
19. FLUOR CORP NEW COM   2010-11-23 2014-06-05
9. FOSSIL GROUP INC   2012-12-12 2014-06-05
23. GILEAD SCIENCES INC.   2013-12-12 2014-06-05
2. GOOGLE INC CL A   2011-04-15 2014-06-05
2. GOOGLE INC CL C   2011-04-15 2014-06-05
5. INTUITIVE SURGICAL INC   2011-01-07 2014-06-05
23. ESTEE LAUDER COMPANIES CL A   2013-02-01 2014-06-05
21. MEAD JOHNSON NUTRITION CO   2012-12-12 2014-06-05
29. NATIONAL INSTRS CORP   2012-12-12 2014-06-05
28. QUALCOMM CORP.   2010-03-02 2014-06-05
26. SALESFORCE COM INC   2011-12-22 2014-06-05
20. SCHLUMBERGER LTD.   2011-12-12 2014-06-05
74. CHARLES SCHWAB CORP.   2012-12-12 2014-06-05
26. STARBUCKS CORP.   2012-10-31 2014-06-05
14. STERICYCLE INC   2010-02-25 2014-06-05
12. VISA INC   2013-08-30 2014-06-05
16. WHOLE FOODS MARKET INC   2013-05-01 2014-06-05
24. WHOLE FOODS MARKET INC   2014-05-07 2014-06-05
17. ACCENTURE PLC CL A   2006-02-06 2014-06-05
4. GENPACT LIMITED   2010-09-09 2014-06-05
59. GENPACT LIMITED   2014-02-07 2014-06-05
8. CORE LABORATORIES N V   2011-08-08 2014-06-05
1. VISA INC   2013-08-28 2014-06-13
1. VISA INC   2013-08-28 2014-06-16
2. VISA INC   2013-08-28 2014-06-19
1. SCHLUMBERGER LTD.   2011-12-12 2014-07-01
2. SCHLUMBERGER LTD.   2011-12-12 2014-07-08
3. SCHLUMBERGER LTD.   2011-12-12 2014-07-09
2. FLUOR CORP NEW COM   2010-11-22 2014-07-11
3. FLUOR CORP NEW COM   2010-11-22 2014-07-14
1. FLUOR CORP NEW COM   2010-11-18 2014-07-15
1. FLUOR CORP NEW COM   2010-11-18 2014-07-18
1. FLUOR CORP NEW COM   2010-11-18 2014-07-22
3. ACCENTURE PLC CL A   2006-02-06 2014-07-22
1. FLUOR CORP NEW COM   2010-11-18 2014-07-23
4. ACCENTURE PLC CL A   2006-02-06 2014-07-23
2. FLUOR CORP NEW COM   2010-11-22 2014-07-24
3. ACCENTURE PLC CL A   2006-02-06 2014-07-24
2. AMPHENOL CORP - CL A   2010-04-20 2014-07-25
1. AMPHENOL CORP - CL A   2010-04-20 2014-07-28
1. FLUOR CORP NEW COM   2010-11-22 2014-07-28
2. AMPHENOL CORP - CL A   2010-04-20 2014-07-29
1. FLUOR CORP NEW COM   2010-11-22 2014-07-29
3. FLUOR CORP NEW COM   2010-11-22 2014-07-30
1. FLUOR CORP NEW COM   2012-12-12 2014-08-01
1. FLUOR CORP NEW COM   2012-12-12 2014-08-04
2. FLUOR CORP NEW COM   2012-12-12 2014-08-05
4. FLUOR CORP NEW COM   2012-12-12 2014-08-06
2. ACCENTURE PLC CL A   2006-02-06 2014-08-13
2. ACCENTURE PLC CL A   2006-02-06 2014-08-14
4. ACCENTURE PLC CL A   2006-02-06 2014-08-18
3. ACCENTURE PLC CL A   2006-02-06 2014-08-19
2. ACCENTURE PLC CL A   2006-02-06 2014-08-26
2. APPLE COMPUTER INC.   2013-01-23 2014-09-15
3. QUALCOMM CORP.   2009-09-23 2014-09-15
3. APPLE COMPUTER INC.   2013-01-23 2014-09-16
3. QUALCOMM CORP.   2009-09-23 2014-09-16
4. QUALCOMM CORP.   2009-09-23 2014-09-17
3. QUALCOMM CORP.   2009-09-04 2014-09-18
3. QUALCOMM CORP.   2009-09-04 2014-09-19
2. ACCENTURE PLC CL A   2006-02-06 2014-10-01
5. ACCENTURE PLC CL A   2006-02-06 2014-10-02
3. ACCENTURE PLC CL A   2009-12-31 2014-10-03
3. ACCENTURE PLC CL A   2009-12-31 2014-10-06
5. ACCENTURE PLC CL A   2012-02-14 2014-10-08
3. ACCENTURE PLC CL A   2012-02-14 2014-10-10
4. ACCENTURE PLC CL A   2012-12-12 2014-10-13
5. MEAD JOHNSON NUTRITION CO   2012-12-12 2014-10-17
12. ACCENTURE PLC CL A   2012-12-12 2014-10-24
9. ACCENTURE PLC CL A   2012-12-12 2014-10-27
3. GILEAD SCIENCES INC.   2013-12-12 2014-10-30
1. GILEAD SCIENCES INC.   2013-11-20 2014-10-31
821.918 BROWN ADVISORY VALUE EQUITY INV   2008-07-28 2014-11-03
5. GILEAD SCIENCES INC.   2013-11-20 2014-11-03
2. FLUOR CORP NEW COM   2012-12-12 2014-11-07
2. FLUOR CORP NEW COM   2012-12-12 2014-11-10
3. FLUOR CORP NEW COM   2012-12-12 2014-11-11
4. COVANCE INC   2009-10-30 2014-11-12
2. FLUOR CORP NEW COM   2012-12-12 2014-11-12
5. COVANCE INC   2009-10-30 2014-11-17
3. COVANCE INC   2009-10-02 2014-11-18
1. COVANCE INC   2009-10-02 2014-11-19
2. COVANCE INC   2009-10-02 2014-11-20
1. COVANCE INC   2009-10-02 2014-11-21
2. COVANCE INC   2009-12-31 2014-11-24
1. COVANCE INC   2009-12-31 2014-11-25
7. APPLE COMPUTER INC.   2013-01-23 2014-11-26
4. COVANCE INC   2009-10-09 2014-11-26
7. GILEAD SCIENCES INC.   2013-11-20 2014-11-26
1. FOSSIL GROUP INC   2012-12-12 2014-12-04
6. FLUOR CORP NEW COM   2012-12-12 2014-12-09
3. FOSSIL GROUP INC   2012-12-12 2014-12-09
14. FLUOR CORP NEW COM   2013-03-04 2014-12-11
3. FLUOR CORP NEW COM   2013-03-05 2014-12-12
4. FLUOR CORP NEW COM   2013-03-05 2014-12-15
3. FLUOR CORP NEW COM   2011-06-13 2014-12-16
1. FOSSIL GROUP INC   2012-12-12 2014-12-17
3. FLUOR CORP NEW COM   2013-03-06 2014-12-18
19. FLUOR CORP NEW COM   2013-03-06 2014-12-19
1. FOSSIL GROUP INC   2012-12-12 2014-12-22
4. FOSSIL GROUP INC   2012-12-12 2014-12-23
1. FOSSIL GROUP INC   2012-12-12 2014-12-29
1. FOSSIL GROUP INC   2012-12-12 2015-01-02
7. QUALCOMM CORP.   2009-09-04 2015-01-02
8. QUALCOMM CORP.   2009-09-04 2015-01-05
2. COVANCE INC   2009-10-09 2015-01-06
1. FOSSIL GROUP INC   2012-12-12 2015-01-06
6. QUALCOMM CORP.   2009-08-31 2015-01-06
2. COVANCE INC   2009-10-09 2015-01-07
1. FOSSIL GROUP INC   2012-12-12 2015-01-07
4. QUALCOMM CORP.   2009-08-31 2015-01-07
1. COVANCE INC   2009-10-09 2015-01-08
2. FOSSIL GROUP INC   2011-11-09 2015-01-08
9. GILEAD SCIENCES INC.   2013-12-16 2015-01-08
6. QUALCOMM CORP.   2009-08-31 2015-01-08
2. COVANCE INC   2009-10-09 2015-01-09
3. FOSSIL GROUP INC   2011-11-09 2015-01-09
1. COVANCE INC   2012-12-12 2015-01-13
2. COVANCE INC   2012-12-12 2015-01-14
14. DISCOVERY COMMUNICATIONS INC CL A   2014-07-09 2015-01-14
4. DISCOVERY COMMUNICATIONS C   2014-10-02 2015-01-14
2. CORE LABORATORIES N V   2011-08-08 2015-01-14
3. COVANCE INC   2012-12-12 2015-01-15
2. DISCOVERY COMMUNICATIONS INC CL A   2014-04-07 2015-01-15
2. DISCOVERY COMMUNICATIONS C   2014-10-02 2015-01-15
1. CORE LABORATORIES N V   2011-08-08 2015-01-15
60. DISCOVERY COMMUNICATIONS INC CL A   2014-04-07 2015-01-16
10. DISCOVERY COMMUNICATIONS C   2014-10-06 2015-01-16
4. CORE LABORATORIES N V   2011-08-08 2015-01-16
2. DISCOVERY COMMUNICATIONS C   2014-07-08 2015-01-20
1. FOSSIL GROUP INC   2011-08-25 2015-01-20
3. CORE LABORATORIES N V   2011-08-05 2015-01-20
5. DISCOVERY COMMUNICATIONS C   2014-09-15 2015-01-21
1. FOSSIL GROUP INC   2011-08-25 2015-01-21
4. CORE LABORATORIES N V   2011-08-05 2015-01-21
6. DISCOVERY COMMUNICATIONS C   2014-09-15 2015-01-22
3. FOSSIL GROUP INC   2011-09-22 2015-01-22
6. QUALCOMM CORP.   2009-08-31 2015-01-22
4. DISCOVERY COMMUNICATIONS C   2014-09-16 2015-01-23
16. DISCOVERY COMMUNICATIONS C   2014-09-19 2015-01-23
3. DISCOVERY COMMUNICATIONS C   2014-04-07 2015-01-26
3. FOSSIL GROUP INC   2011-08-25 2015-01-26
12. QUALCOMM CORP.   2012-12-17 2015-01-26
1. CORE LABORATORIES N V   2011-08-05 2015-01-26
31. DISCOVERY COMMUNICATIONS C   2014-04-07 2015-01-27
1. FOSSIL GROUP INC   2011-08-25 2015-01-27
5. APPLE COMPUTER INC.   2012-12-07 2015-01-28
1. CORE LABORATORIES N V   2012-10-04 2015-01-28
3. FOSSIL GROUP INC   2011-09-21 2015-01-29
8. CORE LABORATORIES N V   2012-12-12 2015-01-29
515.464 BROWN ADVISORY EMG MKTS INS   2012-12-13 2015-01-30
30. DISCOVERY COMMUNICATIONS C   2014-04-04 2015-01-30
336.927 OAKMARK INTL SMALL CAP CL I   2011-12-15 2015-01-30
5. CORE LABORATORIES N V   2012-12-12 2015-01-30
5. FOSSIL GROUP INC   2011-09-21 2015-02-02
4. CORE LABORATORIES N V   2012-12-12 2015-02-02
5. COVANCE INC   2012-12-12 2015-02-03
10. QUALCOMM CORP.   2012-12-17 2015-02-03
5. CORE LABORATORIES N V   2012-12-12 2015-02-03
3. COVANCE INC   2012-12-12 2015-02-04
9. STARBUCKS CORP.   2012-11-01 2015-02-04
3. CORE LABORATORIES N V   2014-05-28 2015-02-04
2. COVANCE INC   2012-12-12 2015-02-05
4. CORE LABORATORIES N V   2014-06-02 2015-02-05
1. COVANCE INC   2012-12-12 2015-02-06
5. FMC TECHNOLOGIES INC   2010-05-10 2015-02-06
9. FMC TECHNOLOGIES INC   2010-10-29 2015-02-09
2. QUALCOMM CORP.   2012-12-17 2015-02-09
1. COVANCE INC   2012-12-12 2015-02-10
7. FMC TECHNOLOGIES INC   2010-10-29 2015-02-10
7. QUALCOMM CORP.   2013-04-25 2015-02-10
1. COVANCE INC   2012-12-12 2015-02-11
1. COVANCE INC   2012-12-12 2015-02-13
1. COVANCE INC   2012-12-12 2015-02-17
5. QUALCOMM CORP.   2013-04-25 2015-02-17
5. SCHLUMBERGER LTD.   2013-04-15 2015-02-17
8. COVANCE INC   2012-12-12 2015-02-18
3. QUALCOMM CORP.   2013-04-25 2015-02-18
3. QUALCOMM CORP.   2012-12-12 2015-02-19
842.223 BROWN ADVISORY VALUE EQUITY INV   2008-07-28 2015-02-26
2. QUALCOMM CORP.   2012-12-12 2015-03-03
11. QUALCOMM CORP.   2012-12-12 2015-03-04
7. QUALCOMM CORP.   2012-12-12 2015-03-05
8. QUALCOMM CORP.   2012-12-12 2015-03-06
8. QUALCOMM CORP.   2014-07-30 2015-03-06
1. WHOLE FOODS MARKET INC   2014-10-30 2015-03-09
5. WHOLE FOODS MARKET INC   2014-10-31 2015-03-10
3. WHOLE FOODS MARKET INC   2014-10-31 2015-03-11
4. GILEAD SCIENCES INC.   2013-12-16 2015-03-12
5. WHOLE FOODS MARKET INC   2013-05-02 2015-03-12
1. WHOLE FOODS MARKET INC   2014-10-31 2015-03-12
5. WHOLE FOODS MARKET INC   2013-05-02 2015-03-13
1. GILEAD SCIENCES INC.   2013-12-16 2015-03-16
2. GENPACT LIMITED   2012-12-12 2015-03-18
1. GILEAD SCIENCES INC.   2013-12-16 2015-03-19
1. SCHLUMBERGER LTD.   2013-04-15 2015-03-19
6. SCHLUMBERGER LTD.   2013-04-15 2015-03-19
1. GENPACT LIMITED   2012-12-12 2015-03-19
4. GILEAD SCIENCES INC.   2013-11-21 2015-03-20
8. SCHLUMBERGER LTD.   2012-12-12 2015-03-20
3. GENPACT LIMITED   2012-12-12 2015-03-20
2. GENPACT LIMITED   2012-12-12 2015-03-23
2. GOOGLE INC CL A   2011-05-05 2015-03-24
2. GOOGLE INC CL C   2011-05-05 2015-03-24
1. GENPACT LIMITED   2012-12-12 2015-03-30
8. EXPRESS SCRIPTS HLDGS C   2012-12-12 2015-04-09
2. GENPACT LIMITED   2012-12-12 2015-04-10
1. GENPACT LIMITED   2012-12-12 2015-04-20
2. GENPACT LIMITED   2012-12-12 2015-04-22
14. CHARLES SCHWAB CORP.   2010-10-05 2015-04-23
2. GENPACT LIMITED   2012-12-12 2015-04-23
1. GENPACT LIMITED   2012-12-12 2015-04-29
2. DAVITA INC   2011-10-06 2015-05-06
4. EXPRESS SCRIPTS HLDGS C   2012-12-12 2015-05-06
3. GILEAD SCIENCES INC.   2013-11-21 2015-05-06
1407.658 BROWN ADVISORY VALUE EQUITY INV   2011-12-30 2015-05-07
3. DAVITA INC   2011-10-06 2015-05-07
6. EXPRESS SCRIPTS HLDGS C   2012-12-12 2015-05-07
2. GILEAD SCIENCES INC.   2013-11-21 2015-05-07
.0192 GOOGLE INC CL C   2010-03-08 2015-05-07
1. DAVITA INC   2011-10-06 2015-05-08
4. GILEAD SCIENCES INC.   2014-03-21 2015-05-08
2. GENPACT LIMITED   2012-12-12 2015-05-08
7. DAVITA INC   2011-10-21 2015-05-14
1. GENPACT LIMITED   2012-12-12 2015-05-14
7. ALEXION PHARMACEUTICALS INC   2015-05-06 2015-05-15
7. AMAZON.COM INC   2015-01-20 2015-05-15
44. AMPHENOL CORP - CL A   2010-04-21 2015-05-15
16. ANSYS INC   2011-03-16 2015-05-15
22. APPLE COMPUTER INC.   2012-12-07 2015-05-15
29. BRISTOL MYERS SQUIBB CO.   2014-11-03 2015-05-15
38. COGNIZANT TECH SOLUTIONS CRP COM   2012-12-12 2015-05-15
24. COLFAX CORP   2015-04-08 2015-05-15
13. COSTCO WHOLESALE CORPORATION   2009-05-29 2015-05-15
32. DANAHER CORP   2008-10-28 2015-05-15
25. DAVITA INC   2011-10-21 2015-05-15
21. ECOLAB INC   2012-12-12 2015-05-15
37. EXPRESS SCRIPTS HLDGS C   2012-12-12 2015-05-15
38. FMC TECHNOLOGIES INC   2012-12-12 2015-05-15
33. FACEBOOK INC A   2015-03-13 2015-05-15
13. FASTENAL CO   2014-11-12 2015-05-15
33. FASTENAL CO   2014-02-14 2015-05-15
18. GILEAD SCIENCES INC.   2014-03-21 2015-05-15
2. GOOGLE INC CL A   2010-03-08 2015-05-15
2. GOOGLE INC CL C   2012-01-31 2015-05-15
5. INTUITIVE SURGICAL INC   2013-12-04 2015-05-15
31. ESTEE LAUDER COMPANIES CL A   2013-02-01 2015-05-15
28. MEAD JOHNSON NUTRITION CO   2013-07-10 2015-05-15
38. NATIONAL INSTRS CORP   2013-04-26 2015-05-15
11. NETSUITE INC   2014-08-15 2015-05-15
37. SALESFORCE COM INC   2012-01-31 2015-05-15
21. SCHLUMBERGER LTD.   2013-04-16 2015-05-15
107. CHARLES SCHWAB CORP.   2010-10-05 2015-05-15
63. STARBUCKS CORP.   2012-11-01 2015-05-15
21. STERICYCLE INC   2012-01-10 2015-05-15
26. TRIPADVISOR INC   2015-01-30 2015-05-15
53. VISA INC   2013-08-29 2015-05-15
52. WHOLE FOODS MARKET INC   2013-05-07 2015-05-15
73. GENPACT LIMITED   2012-12-12 2015-05-15
23. NXP SEMICONDUCTORS NV   2015-01-22 2015-05-15
4. CHARLES SCHWAB CORP.   2012-12-19 2015-05-19
1. VISA INC   2013-08-29 2015-05-19
2. CHARLES SCHWAB CORP.   2012-12-19 2015-05-20
1. VISA INC   2013-08-29 2015-05-20
1614.056 BROWN ADVISORY EQUITY INCOME INV   2013-12-13 2015-05-21
75.55 BROWN ADVISORY EQUITY INCOME INV   2014-12-23 2015-05-21
8765.735 BROWN ADVISORY VALUE EQUITY INV   2011-12-30 2015-05-21
338.844 BROWN ADVISORY VALUE EQUITY INV   2014-12-23 2015-05-21
3. CHARLES SCHWAB CORP.   2012-12-19 2015-05-27
5. CHARLES SCHWAB CORP.   2012-12-19 2015-05-28
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,745   805 940
b 826   506 320
c 1,937   1,412 525
d 972   551 421
e 1,174   479 695
1,221   695 526
1,911   623 1,288
1,662   705 957
1,209   1,132 77
1,315   839 476
2,198   1,670 528
1,881   846 1,035
645   559 86
1,460   1,091 369
953   819 134
1,912   1,584 328
1,127   510 617
1,106   508 598
1,851   1,378 473
1,762   1,421 341
1,870   1,348 522
851   735 116
2,234   1,169 1,065
1,339   594 745
2,077   1,120 957
1,888   1,020 868
1,949   1,188 761
1,613   763 850
2,544   2,093 451
641   711 -70
961   920 41
1,419   541 878
68   62 6
1,001   841 160
1,283   802 481
211   175 36
210   175 35
421   349 72
118   71 47
234   143 91
350   214 136
154   115 39
233   173 60
78   58 20
77   58 19
77   58 19
241   95 146
78   58 20
322   127 195
155   116 39
242   95 147
195   94 101
98   47 51
76   58 18
195   94 101
76   58 18
224   175 49
74   58 16
73   58 15
146   117 29
288   234 54
158   64 94
158   64 94
319   127 192
241   95 146
163   64 99
203   145 58
225   134 91
302   218 84
227   134 93
303   181 122
229   136 93
227   136 91
160   64 96
397   159 238
241   105 136
242   125 117
397   271 126
231   172 59
308   282 26
502   332 170
942   845 97
709   633 76
342   212 130
113   71 42
15,000   9,386 5,614
552   356 196
133   117 16
132   117 15
197   175 22
402   207 195
131   117 14
502   259 243
302   157 145
101   52 49
201   104 97
101   52 49
202   110 92
101   55 46
831   531 300
405   223 182
701   498 203
110   91 19
362   351 11
321   273 48
826   823 3
173   184 -11
228   246 -18
172   185 -13
107   91 16
178   186 -8
1,139   1,311 -172
109   91 18
441   365 76
112   91 21
110   91 19
518   318 200
593   368 225
209   112 97
107   91 16
441   278 163
210   112 98
105   91 14
296   185 111
106   56 50
209   184 25
916   642 274
448   278 170
212   112 100
310   277 33
106   59 47
212   117 95
419   551 -132
116   142 -26
203   201 2
318   176 142
59   82 -23
57   71 -14
100   100  
1,751   2,521 -770
285   366 -81
400   402 -2
56   75 -19
98   93 5
307   302 5
143   189 -46
99   93 6
424   402 22
173   231 -58
301   279 22
430   278 152
115   154 -39
460   628 -168
87   119 -32
297   279 18
869   601 268
108   101 7
898   1,258 -360
100   93 7
587   386 201
101   101  
302   284 18
721   834 -113
5,000   5,155 -155
854   1,237 -383
5,000   4,653 347
463   530 -67
491   492 -1
387   424 -37
533   293 240
663   615 48
525   532 -7
320   176 144
802   415 387
315   476 -161
213   117 96
432   641 -209
106   59 47
193   160 33
350   293 57
135   123 12
106   59 47
271   254 17
489   434 55
107   59 48
107   59 48
107   59 48
353   311 42
441   358 83
855   468 387
212   188 24
213   191 22
15,000   9,618 5,382
143   128 15
779   702 77
497   447 50
569   511 58
569   608 -39
56   39 17
273   196 77
162   118 44
399   286 113
273   224 49
55   39 16
271   226 45
101   72 29
47   31 16
101   72 29
81   72 9
486   433 53
24   16 8
409   286 123
658   581 77
71   47 24
47   31 16
1,154   539 615
1,140   537 603
23   16 7
705   439 266
45   31 14
22   16 6
45   31 14
428   203 225
45   31 14
22   16 6
163   64 99
336   219 117
308   215 93
25,000   16,247 8,753
245   96 149
504   329 175
202   143 59
10   5 5
82   32 50
413   291 122
46   31 15
572   233 339
23   16 7
1,122   1,075 47
2,981   2,029 952
2,538   1,037 1,501
1,435   838 597
2,834   1,698 1,136
1,961   1,674 287
2,409   1,235 1,174
1,241   1,104 137
1,878   624 1,254
2,771   969 1,802
2,033   957 1,076
2,437   1,495 942
3,240   2,040 1,200
1,585   1,529 56
2,652   2,599 53
556   578 -22
1,411   1,459 -48
1,977   1,330 647
1,092   565 527
1,067   563 504
2,518   1,900 618
2,748   1,940 808
2,742   1,927 815
1,127   1,057 70
1,047   910 137
2,677   1,052 1,625
1,942   1,527 415
3,336   1,552 1,784
3,192   1,459 1,733
2,867   1,351 1,516
2,121   1,803 318
3,686   2,324 1,362
2,233   2,374 -141
1,693   1,156 537
2,360   1,740 620
127   58 69
70   44 26
64   29 35
70   44 26
21,983   18,686 3,297
1,029   1,023 6
158,134   110,854 47,280
6,113   5,967 146
95   44 51
159   73 86
      15,757
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       940
b       320
c       525
d       421
e       695
      526
      1,288
      957
      77
      476
      528
      1,035
      86
      369
      134
      328
      617
      598
      473
      341
      522
      116
      1,065
      745
      957
      868
      761
      850
      451
      -70
      41
      878
      6
      160
      481
      36
      35
      72
      47
      91
      136
      39
      60
      20
      19
      19
      146
      20
      195
      39
      147
      101
      51
      18
      101
      18
      49
      16
      15
      29
      54
      94
      94
      192
      146
      99
      58
      91
      84
      93
      122
      93
      91
      96
      238
      136
      117
      126
      59
      26
      170
      97
      76
      130
      42
      5,614
      196
      16
      15
      22
      195
      14
      243
      145
      49
      97
      49
      92
      46
      300
      182
      203
      19
      11
      48
      3
      -11
      -18
      -13
      16
      -8
      -172
      18
      76
      21
      19
      200
      225
      97
      16
      163
      98
      14
      111
      50
      25
      274
      170
      100
      33
      47
      95
      -132
      -26
      2
      142
      -23
      -14
       
      -770
      -81
      -2
      -19
      5
      5
      -46
      6
      22
      -58
      22
      152
      -39
      -168
      -32
      18
      268
      7
      -360
      7
      201
       
      18
      -113
      -155
      -383
      347
      -67
      -1
      -37
      240
      48
      -7
      144
      387
      -161
      96
      -209
      47
      33
      57
      12
      47
      17
      55
      48
      48
      48
      42
      83
      387
      24
      22
      5,382
      15
      77
      50
      58
      -39
      17
      77
      44
      113
      49
      16
      45
      29
      16
      29
      9
      53
      8
      123
      77
      24
      16
      615
      603
      7
      266
      14
      6
      14
      225
      14
      6
      99
      117
      93
      8,753
      149
      175
      59
      5
      50
      122
      15
      339
      7
      47
      952
      1,501
      597
      1,136
      287
      1,174
      137
      1,254
      1,802
      1,076
      942
      1,200
      56
      53
      -22
      -48
      647
      527
      504
      618
      808
      815
      70
      137
      1,625
      415
      1,784
      1,733
      1,516
      318
      1,362
      -141
      537
      620
      69
      26
      35
      26
      3,297
      6
      47,280
      146
      51
      86
       
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 2 142,976
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 98,903 697,889 0.141717
2012 31,500 586,180 0.053738
2011 46,992 471,720 0.099618
2010 19,700 409,990 0.04805
2009 20,300 363,301 0.055877
2 Total of line 1, column (d) ...................... 2 0.399
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 0.0798
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 648,629
5 Multiply line 4 by line 3....................... 5 51,761
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,477
7 Add lines 5 and 6......................... 7 53,238
8 Enter qualifying distributions from Part XII, line 4.............. 8 77,500
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 1,477
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 1,477
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 1,477
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 9
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,486
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 taxBullet0 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$   (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 ofbulletBROWN ADVISORY Telephone no.bullet (410) 537-5491
    Located atbullet901 S BOND STREET SUITE 400BALTIMOREMD ZIP+4bullet21231
    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
     
    No
    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
    EDWARD FREITAG PRESIDENT
    10     		0    
    21 1/2 EASTERN AVENUE
    ANNAPOLIS,MD21403
    MARTHA B HALEY VICE PRESIDENT
    10     		0    
    27 1/2 EASTERN AVENUE
    ANNAPOLIS,MD21403
    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.........................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
    649,226
    b
    Average of monthly cash balances.......................
    1b
    9,281
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    658,507
    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
    658,507
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    9,878
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    648,629
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    32,431
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    32,431
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,477
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,477
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    30,954
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    30,954
    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
    30,954
    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
    77,500
    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
    77,500
    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
    1,477
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    76,023
    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 30,954
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:2012, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 2,168
    b From 2010....... 0
    c From 2011....... 26,092
    d From 2012....... 5,230
    e From 2013....... 64,899
    fTotal of lines 3a through e......... 98,389
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 77,500
    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..... 30,954
    e Remaining amount distributed out of corpus 46,546
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 144,935
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		2,168
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		142,767
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 26,092
    c Excess from 2012.... 5,230
    d Excess from 2013.... 64,899
    e Excess from 2014.... 46,546
    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
    NATIONAL SAILING HALL OF FAME
    67-69 PRINCE GEORGE ST
    ANNAPOLIS,MD21401     		NONE PUBLIC CHARITY GENERAL AND BUILDING FD 1,500
    SKIDMORE COLLEGE
    815 NORTH BROADWAY
    SARATOGA SPRINGS,NY12866     		NONE PUBLIC CHARITY ANNUAL GIVING 60,000
    CHESAPEAKE BAY FOUNDATION
    6 HERNDON AVENUE
    ANNAPOLIS,MD214034503     		NONE 501(C)(3) GENERAL 500
    BOX OF RAIN FOUNDATION
    PO BOX 3557
    ANNAPOLIS,MD21403     		NONE 501(C)(3) GENERAL 500
    ANNAPOLIS MARITIME MUSEUM
    723 SECOND STREET
    ANNAPOLIS,MD21403     		NONE 501(C)(3) GENERAL 500
    RESEARCH TO PREVENT BLINDNESS
    645 MADISON AVE
    NEW YORK,NY100221010     		NONE PUBLIC CHARITY GENERAL 500
    CRAFT EMERGENCY RELIEF FUND
    PO BOX 838
    MONTPELIER,VT05601     		NONE PUBLIC CHARITY GENERAL 700
    ANNAPOLIS YACHT CLUB FDN
    PO BOX 908
    ANNAPOLIS,MD21404     		NONE PUBLIC CHARITY GENERAL 2,000
    ANNE ARUNDEL MEDICAL
    CENTER FOUNDATION
    2001 MEDICAL PARKWAY SUITE 240
    ANNAPOLIS,MD21401     		NONE PUBLIC CHARITY GENERAL 2,500
    SPCA OF ANNE ARUNDEL CO
    PO BOX 3471
    ANNAPOLIS,MD21403     		NONE PUBLIC CHARITY GENERAL 300
    ANNAPOLIS COMMUNITY BOATING
    7314 EDGEWOOD ROAD
    ANNAPOLIS,MD21403     		NONE PUBLIC CHARITY GENERAL 500
    COMMUNITY FDN OF ANNE ARUNDEL CO
    914 BAY RIDGE RD SUITE 220
    ANNAPOLIS,MD21403     		NONE PUBLIC CHARITY GENERAL 3,000
    LIFELIGHT FOUNDATION
    PO BOX 899
    CAMDEN,ME04843     		NONE PUBLIC CHARITY GENERAL 5,000
    Total .................................bullet 3a 77,500
    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 ............     		         
    4 Dividends and interest from securities....     14 8,486  
    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 .............     		    18 142,976  
    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)..   151,462  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13151,462
    (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 InvestmentsCorpStockSchedule
    Name:
    EDWARD FREITAG & MARTHA HALEY FDN INC
    EIN: 52-2209095
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON DOMESTIC STOCKS 120,583 159,204
    FOREIGN STOCKS 12,133 14,469
    OTHER EQUITY MUTUAL FUNDS 400,661 450,053

    TY 2014 OtherIncreasesSchedule
    Name:
    EDWARD FREITAG & MARTHA HALEY FDN INC
    EIN: 52-2209095
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    EDWARD FREITAG & MARTHA HALEY FDN INC
    EIN: 52-2209095
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES-PRIN 3,634 3,634    


    TY 2014 TaxesSchedule
    Name:
    EDWARD FREITAG & MARTHA HALEY FDN INC
    EIN: 52-2209095
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 10 10   0
    FEDERAL EXCISE TAX 445 0   0
    FOREIGN TAXES ON QUALIFIED FOR 145 145   0
    FOREIGN TAXES ON NONQUALIFIED 13 13   0