TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2014

Open to Public Inspection

For calendar year 2014, or tax year beginning 2014, and ending , 20

Name of foundation
THE AJL CHARITABLE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3339 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LITTLETON, CO80161

A Employer identification number

45-0677796

B Telephone number (see instructions)

(303) 771-1117

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$12,930,637J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	112,265		112,265
4	Dividends and interest from securities......	151,240		151,240
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		439,364
b	Gross sales price for all assets on line 6a 2,217,547
7	Capital gain net income (from Part IV, line 2)...			439,364
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).......		-12,348	3,393	-16,357
12	Total. Add lines 1 through 11........	690,521		706,262	-16,357
13	Compensation of officers, directors, trustees, etc.	33,549		16,775		16,774
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		9,207	4,603		4,604
b	Accounting fees (attach schedule).......		7,538	3,769		3,769
c	Other professional fees (attach schedule)....		87,041	77,034		10,007
17	Interest...............	10,683		10,683
18	Taxes (attach schedule) (see instructions)...		9,136	3,474
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	14		7		7
22	Printing and publications..........
23	Other expenses (attach schedule).......		20,462	29,126		2,369
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	177,630		145,471		37,530
25	Contributions, gifts, grants paid........	590,687				590,687
26	Total expenses and disbursements. Add lines 24 and 25	768,317		145,471		628,217
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-77,796
b	Net investment income (if negative, enter -0-)			560,791
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	745,239	359,832	359,832
	2	Savings and temporary cash investments..........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........	2,759	382	382
	10a	Investments—U.S. and state government obligations (attach schedule)	622,510	626,794	593,134
	b	Investments—corporate stock (attach schedule)........	6,639,669	6,479,677	8,021,645
	c	Investments—corporate bonds (attach schedule)........	2,402,572	2,815,681	2,766,555
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	655,178	612,490	1,189,089
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	11,067,927	10,894,856	12,930,637
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................	11,067,927	10,894,856
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	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)......	11,067,927	10,894,856
	31	Total liabilities and net assets/fund balances (see instructions)..	11,067,927	10,894,856

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	11,067,927
2	Enter amount from Part I, line 27a.....................	2	-77,796
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	10,990,131
5	Decreases not included in line 2 (itemize)	5	95,275
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	10,894,856

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	AT MLP FUND LLC S/T	P	2014-01-01	2014-12-31
b	AT MLP FUND LLC L/T	P	2013-01-01	2014-12-31
c	AT MLP FUND NET 1256 LOSS	P	2014-01-01	2014-12-31
d	ATLANTIC TR COVERED S/T-SEE ATTACHED	P	2014-01-01	2014-12-31
e	ATLANTIC TR COVERED L/T-SEE ATTACHED	P	2013-12-31	2014-12-31
	ATLANTIC TR NON COV L/T-SEE ATTACHED	P	2013-12-31	2014-12-31
	BESSEMER TR-NON COV S/T SEE ATTACHED	P	2014-01-01	2014-12-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	82,420		82,420
b	41,430		41,430
c		7,191	-7,191
d	228,049	226,123	1,926
e	1,326,498	1,031,062	295,436
	387,755	412,962	-25,207
	99,427	100,845	-1,418

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			82,420
b			41,430
c			-7,191
d			1,926
e			295,436
			-25,207
			-1,418

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	439,364
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3	75,737

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2013	439,956	12,264,578	0.035872
2012	6,424	11,135,535	0.000577
2011	98,550	21,107	4.669067
2010
2009

2	Total of line 1, column (d) ......................	2	4.705516
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	1.568505
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	13,016,975
5	Multiply line 4 by line 3.......................	5	20,417,190
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	5,608
7	Add lines 5 and 6.........................	7	20,422,798
8	Enter qualifying distributions from Part XII, line 4..............	8	628,217
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2014)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	11,216
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	11,216
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	11,216
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	8,349
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	8,349
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,867
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.AJLFOUNDATION.ORG

The books are in care of bullet

THE ORGANIZATION Telephone no. bullet

(303) 771-1117

Located at bullet

PO BOX 3339LITTLETONCO ZIP+4 bullet

80161

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Form 990-PF (2014)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2014?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2014.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2014)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
KATHRYN L MOHRBACHER	TREAS/EXEC D 10.00	33,549	0	0
PO BOX 3339 LITTLETON,CO80161	TREAS/EXEC D 10.00	33,549	0	0
KRISTIN KOVAL	DIRECTOR 5.00	0	0	0
PO BOX 3339 LITTLETON,CO80161	DIRECTOR 5.00	0	0	0
MARJORIE M RUDDEN	DIRECTOR 5.00	0	0	0
PO BOX 3339 LITTLETON,CO80161	DIRECTOR 5.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2014)

Page 8

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,514,816

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

700,387

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

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

13,215,203

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

13,215,203

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

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

198,228

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

13,016,975

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

650,849

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

650,849

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

11,216

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

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

11,216

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

639,633

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

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

639,633

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

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

639,633

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

628,217

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

628,217

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

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

628,217

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7		639,633
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......	590,187
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2014:
a From 2009.......
b From 2010.......
c From 2011.......
d From 2012.......
e From 2013.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2014 from Part
XII, line 4: $ 628,217
a Applied to 2013, but not more than line 2a		590,187
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.....		38,030
e Remaining amount distributed out of corpus
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
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 ..........		601,603
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) ...
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2010....
b Excess from 2011....
c Excess from 2012....
d Excess from 2013....
e Excess from 2014....

Form 990-PF (2014)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2014, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2014	(b) 2013	(c) 2012	(d) 2011	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ...........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

AJL CHARITABLE FOUNDATION
6881 S HOLLY CIRCLE SUITE 204
CENTENNIAL,CO80121
(303) 771-1117
KMOHRBACHER@AJLFOUNDATION.ORG

bThe form in which applications should be submitted and information and materials they should include:

APPLICATIONS AND GRANT GUIDELINES ARE AVAILABLE FROM THE FOUNDATION. SEE THE WEBSITE FOR MORE INFORMATION WWW.AJLFOUNDATION.ORG. . THE FIRST STEP IN THE APPLICATION PROCESS IS TO SUBMIT A LETTER OF INQUIRY WHICH SHOULD BE NO MORE THAN THREE PAGES AND SHOULD INCLUDE: 1. A BRIEF STATEMENT OF ISSUES TO BE ADDRESSED, THE HISTORY AND GOALS OF YOUR ORGANIZATION, AND YOUR ORGANIZATION'S INVOLVEMENT WITH THESE ISSUES. 2. A BRIEF SUMMARY OF THE ACTIVITIES FOR WHICH YOU ARE REQUESTING SUPPORT, INCLUDING AN OUTLINE OF YOUR OBJECTIVE, AND ANTICIPATED OUTCOMES AND IMPLICATIONS. 3. THE APPROXIMATE STARTING DATE AND DURATION OF THE PROPOSED ACTIVITIES. 4. THE TOTAL AMOUNT OF FUNDING NEEDED, THE AMOUNT REQUESTED FROM THE FOUNDATION, AND INFORMATION ABOUT OTHER SOURCES OF SUPPORT, BOTH ASSURED AND REQUESTED. . ONCE THE LETTER OF INQUIRY IS ACCEPTED YOU WILL BE ASKED TO SUBMIT A FULL PROPOSAL AND APPLICATION TO THE FOUNDATION.

cAny submission deadlines:

APPLICATIONS ARE ACCEPTED YEAR ROUND.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

THE AJL CHARITABLE FOUNDATION SUPPORTS ACTIVITIES IN THE FOLLOWING AREAS: EDUCATION BATTERED AND ABUSED WOMEN AND CHILDREN HOMELESSNESS THE ARTS . ELIGIBILITY: THE FOUNDATION MAKES GRANTS ONLY TO TAX-EXEMPT ORGANIZATIONS WITH 501(C) CLASSIFICATIONS FROM THE INTERNAL REVENUE SERVICE AND GRANTS TO INDIVIDUALS FOR EDUCATION BASED UPON A FINANCIAL NEED. . THE FOUNDATION MAY PROVIDE SCHOLARSHIP OR FELLOWSHIP SUPPORT TO INDIVIDUALS. THE FOUNDATION DOES NOT MAKE GRANTS FOR RESEARCH PROJECTS OR GIVE SUPPORT TO CONFERENCES, SEMINARS, MEDIA EVENTS, OR WORKSHOPS UNLESS THEY ARE AN INTEGRAL PART OF A BROADER PROGRAM. THE FOUNDATION DOES NOT PROVIDE SUPPORT FOR THE PRODUCTION AND DEVELOPMENT OF TELEVISION AND RADIO PROGRAMMING.

Form 990-PF (2014)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ADVOCATES FOR CHILDREN 10855 E BETHANY DR 200 AURORA,CO80014			GRANT	75,000
ANCHOR CENTER FOR BLIND CHILDREN 2550 ROSLYN STREET DENVER,CO80238			GRANT	10,000
CASA DE AMPARO 325 BUENA CREEK ROAD SAN MARCOS,CA92069			GRANT	14,000
CENTUS (CENTUS COUNSELING CONSULTIN 2201 S UNIVERSITY BLVD DENVER,CO80210			GRANT	10,000
CHILDEN OF THE NIGHT 14530 SYLVAN STREET VANNUYS,CA91411			GRANT	10,000
COLORADO DRUG ENDANGERED CHILDREN 2000 W 120TH AVE STE 12 DENVER,CO80234			GRANT-SMART CHOICES, SAFE KIDS	15,000
COLORADO DRUG ENGANGERED CHILDREN 2000 W 120TH AVE STE 12 DENVER,CO80234			GRANT-CIRCLE OF PARENTS IN RECOVERY	45,000
CSU FOUNDATION-COMMINITY LITERACY C PO BOX 1870 FORT COLLINS,CO805221870			GRANT	5,000
CSU FOUNDATION-SCHOLARSHIPS PO BOX 1870 FT COLLINS,CO80522			SCHOLARSHIPS	15,000
COLORADO SYMPHONY 1000 14TH ST 15 DENVER,CO80202			GRANT	10,000
DENVER MUSEUM OF NATURE & SCIENCE 2001 COLORADO BLVD DENVER,CO80205			GRANT-TEACHER DEVELOPMENT PROGRAM	15,000
DENVER MUSEUM OF NATURE & SCIENCE 2001 COLORADO BLVD DENVER,CO80205			GRANT-TEEN SCHOLARS PROGRAM	12,000
EXCELSIOR YOUTH CENTER FOUNDATION 15001 E OXFORD AVE AURORA,CO80014			GRANT	70,000
FAMILY PROMISE OF GREATER DENVER PO BOX 40550 DENVER,CO80204			GRANT	6,668
I HAVE A DREAM OF BOULDER COUNTY 3012 STERLING CIRCLE SUI BOULDER,CO80301			GRANT	81,000
LUTHERAN FAMILY SERVICES 363 S HARLAN ST 200 DENVER,CO80226			GRANT-KPC RESPITE CENTER	20,000
LUTHERAN FAMILY SERVICES 363 S HARLAN ST 200 DENVER,CO80226			TEEN PREGNANCY PREVENTION PROGRAM	10,000
METRO CARERING 1100 E 18H AVE DENVER,CO80203			GRANT	10,000
MOONLIGHT CULTURAL FOUNDATION 410 WEST CALIFORNIA AVE VISTA,CA92085			GRANT	6,000
NEW GENESIS 1680 SHERMAN ST DENVER,CO80203			GRANT	5,000
NEW HAVEN YOUTH AND FAMILY SERVICES PO BOX 1199 VISTA,CA92085			GRANT	11,000
PEO INTERNATIONAL 6297 VACQUERO DR CASTLE ROCK,CO80108			GRANT	1,000
SHRINERS HOSPITALS FOR CHILDREN 2425 STOCKTON BOULEVARD SACRAMENTO,CA95817			GRANT	59,019
TERI INC 251 AIRPORT ROAD OCEANSIDE,CA92058			GRANT	11,000
THE BOYS AND GIRLS CLUB OF VISTA 410 WEST CALIFORNIA AVENU VISTA,CA92083			GRANT	11,000
COLORADO I HAVE A DREAM FOUNDATION 1836 GRANT STREET DENVER,CO80203			GRANT	30,000
UNIVERSITY HILLS ROTARY CLUB 8300 FAIRMOUNT DR P-101 DENVER,CO80247			GRANT	5,000
VOICES FOR CHILDREN 2851 MEADOWLARK DRIVE SAN DIEGO,CA92123			GRANT	6,000
WORLD NEIGHBORS 333 NORTH MERIDIAN OKLAHOMA CITY,OK73107			GRANT	10,000
WYOMING CHILDREN'S HOME SOCIETY 314 EAST 21ST STREET CHEYENNE,WY82001			GRANT	2,000
Total ................................. 3a				590,687

bApproved for future payment

Total ................................. 3b

Form 990-PF (2014)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............			14	112,265
4 Dividends and interest from securities....			14	151,240
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.....	900099	616	14	3,393
8 Gain or (loss) from sales of assets other than inventory .............			18	439,364
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aAT MLP FUND	900099	-14,056
bAT MLP FUND 1231	900099	-2,301
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		-15,741		706,262

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

13690,521

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2014)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 AccountingFeesSchedule

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE	3,810	1,905		1,905
ACCOUNTING FEES	3,728	1,864		1,864

- TIN:

TY 2014 InvestmentsCorpBondsSchedule

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BANK OF AMER FDG CORP 5.65% 5/1/18	111,779	111,097
BANK OF NY 3.1% 1/15/15	76,825	75,052
BERKSHIRE HATHAWAY FIN CORP	116,685	111,892
BLACKROCK GTD SR	86,236	82,680
CATERPILLER FINL 4/15/18	117,190	111,611
CHEVRON CORP 4.95% 3/3/19	112,378	111,814
CISCO SYS INC 5.5% 2/22/16	81,028	79,126
CISCO SYSTEMS IN 1/15/20	85,094	82,569
CONOCO PHILLIPS GTD 2/1/19	120,060	113,678
DISNEY 9/15/16	82,128	81,072
DUPONT 1/15/20	85,608	82,889
GE 1/7/21	80,614	83,594
GE 12/6/17	83,184	83,198
GLAXO SMITH KLINE	84,797	84,489
GOLDMAN SACHS 2/7/16	103,455	102,606
GOLDMAN SACHS 6% 5/1/14
GOOGLE INC 5/19/21	81,500	80,471
H P 3/1/14
HONEYWELL INTL INC 5% 2.15.19	112,258	112,092
INTEL CORP 10/1/16	102,959	101,940
JPMORGAN CHASE 4.4% 7/22/20	82,010	81,298
J P MORGAN CHASE 6/1/14
JP MORGAN CHASE 3/1/16	77,528	76,980
MORGAN STANLEY 3/5/13
MORGAN STANLEY 3/22/17	109,331	106,519
NBC UNIVERSAL 4/1/16	78,201	76,901
ORACLE CORP 1/15/16	107,175	104,791
PEPSICIO INC 04/15/20	84,747	82,619
SHELL INTL 03/21/14
SHELL INTL 9/22/19	109,539	109,746
STATE STR CORP 2.875% 3/7/16	103,547	102,446
UNITED TECH CORP 12/11/17	111,567	111,168
VERIZON COMM 04/15/18
VERIZON COMM 5.5% 2/15/18	113,352	110,986
WELLS FARGO 12/11/17	114,906	111,231

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACCENTURE PLC CLASS A
ACE LTD	2,042	2,297
AETNA INC	42,935	95,048
ALLIANCE DATA SERVICES	25,737	59,498
ALLIANZ AKTIENGES ADR
AMAZON.COM	85,272	85,657
AMERICAN INTL GROUP INC	2,017	2,240
AMERICAN WATER WORKS CO	3,361	4,264
ANADARKO PETE CORP	65,293	79,612
APACHE CORP	50,092	39,795
APPLE INC	96,974	157,733
ASTRAZENECA	2,528	2,484
AUTOMATIC DATA PROCESSING	60,524	105,463
AVAGO TECH	946	2,011
AVALONBAY COMNTY S INC	28,625	38,070
BANK OF AMERICA CORP	54,038	96,695
BLACKROCK INC	29,388	57,925
BNP PARIBAS SPON ADR	2,054	1,639
BOEING CO COM	40,263	70,839
BRIDGESTONE CORP ADR	2,050	1,926
CAPITAL ONE FINCL CORP	47,374	75,533
CENTURYLINK
CHECK POINT SOFTWARE	27,538	49,735
CHINA CONSTRUCTION ADR
CHINA TELECOM ADR	2,834	3,229
CISCO SYSTEMS	60,507	90,260
CITIGROUP INC	47,758	70,613
CITRIX SYS INC CO	45,151	47,850
COLGATE PALMOLIVE	50,032	54,314
COMCAST CORP	90,971	136,323
CONOCOPHILLIPS	2,473	2,417
COVIDIEN PLC	81,749	138,078
CROWN HLDGS
CUMMINS INC	1,390	1,441
CVS CAREMARK	45,167	95,346
DAIHATSU MOTOR CO	1,388	1,053
DANAHER CORP	59,237	97,281
DBS GROUP HLDGS	2,871	3,420
DIRECTTV	19,614	34,680
DISNEYWALT CO	30,945	46,624
DOLLAR GENERAL CO	3,818	4,595
DOLLAR GENERAL CORP NEW	47,121	75,649
EMC CORP MASS	59,745	74,796
ENI SPA ADR
EQT CORP	23,314	35,200
EXPRESS SCRIPTS HLDG	97,776	148,342
FIDELITY NATL INFORMATION	27,687	53,492
FISERV INC	36,038	75,228
FREEPORT MCMORAN
G E	68,559	97,290
GOOGLE INC CL A	21,274	38,208
GOOGLE INC CL C	64,769	81,592
HARBOR INTL FUND	470,000	487,518
HITACHI LTD	3,107	3,004
HOME DEPOT	87,016	119,666
HSBS HLDGS	2,756	2,597
ILLINOIS TOOL WORKS INC	1,206	1,420
IMPERIAL TOBACCO LT ADR	1,904	2,211
IBM
ITOCHU CORP ADR	3,184	2,801
IVA INTL FUND CLASS I	387,874	366,169
J SAINSBURY SPN ADR NEW	2,761	1,846
JOHNSON & JOHNSON	44,934	69,016
JP MORGAN CHASE	60,176	102,631
KDDI CORP ADR	2,218	2,308
KELLOGG CO
KEYCORP NEW	3,462	3,544
KINDER MORGAN INC
KIRBY CORP	1,728	1,211
L BRANDS	1,119	1,731
LORILARD INC COM	1,016	1,258
MACY'S INC	57,655	65,421
MAINSTAY EPOCH GLOBAL EQUITY	309,696	380,690
MAINSTAY MKTFIELD FUND CLASS 1625	325,039	297,387
MARATHON OIL CORP	59,131	46,396
MCDONALDS
MEDTRONIC INC	28,781	32,129
MERCK & CO	52,236	75,247
MICROSOFT CORP	50,280	101,493
MORGAN STANLEY SR NTF	1,816	2,328
MUNICH RE GROUP ADR
MYLAN INC	3,112	3,945
NETAPP INC
NIELSEN NV EUR	1,568	1,565
NIKE	2,508	2,884
NIKON CORP PLC ADR
NXP SEMICONDUCTORS	2,032	2,674
OMNICOM GROUP INC	65,201	72,434
ORACLE CORP	79,780	123,218
ORIX CORP	2,289	1,837
OW FIXED INCOME FUND	190,530	188,512
OW LARGE CAP STAT FUND	247,936	259,147
OW REAL RETURN FUND	26,884	22,604
OW SML & MID CAP FD(FKA GLOBAL)	123,830	116,202
OW STATEGIC OPP FD (FKA GLOBAL)	236,970	223,359
PANDORA A/S ADR	1,049	1,332
PEPSICO INC	47,581	61,937
PFIZERINC	4,145	4,205
PG & E
PIMCO COMMODITY REAL RETURN
PRAXAIR	69,472	84,214
PRUDENTIAL FIN INC COM	87,404	88,651
QUALCOMM INC	3,353	3,344
RAYTHEON	3,376	3,785
REPUBLIC SERVICE
RSA INS GRP INC	2,741	2,238
SANOFI
SIMON PPTY GROUP INC	50,997	62,464
SINOPEC/CHINA PET ADR	1,222	1,215
SKANDINAVISKA ENSKILD ADR	1,083	1,080
SKY PLC ADR	3,097	2,803
STRYKER CORP	43,226	78,766
SUMITOMO METAL MIN CO	1,152	1,358
SVENSKA CL AKTIBLGT ADR	2,546	1,833
SWATCH GROUP AG ADR
TARGET CORP
TELE2 AB ADR
TERADATA CORP DEL COM	36,969	31,886
THERMO FISHER SCIENTIFIC	1,535	1,879
TIM PARTICIPACOES ADR	1,420	1,221
TJX COS	70,073	108,699
TOKYO GAS ADR	1,675	1,849
TOTAL SA ADR
UNILEVER NV	2,460	2,567
UNION PACIFIC	29,825	57,181
UNITED HEALTH GROUP	55,207	102,101
UNITED TECHNOLOGIES	51,277	77,625
UNITED RENTALS	1,880	2,040
US BANCORP	76,774	95,743
VALERO ENERGY	1,042	990
VERIZON COMMUNICATIONS INC	88,461	84,906
VF CORP	29,386	63,590
VIACOM INC CL B NEW	3,308	3,010
VIRTUS EMERGING MARKETS	903,279	955,793
VISA INC	54,004	96,490
VOLKSWAGEN AG ADR
WALGREEN CO
WEIR GROUP PLC ADR
WELLS FARGO	57,384	95,935
WHARF HOLDINGS ADR	1,732	1,660
WILLIAMS CO	79,221	105,160
WILMAR INTL ADR	2,100	1,956
YUM BRANDS	2,484	2,549
ZIMMER HLDGS	2,763	3,402

- TIN:

TY 2014 InvestmentsGovtObligationsSch

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

US Government Securities - End of Year Book Value:

626,794

US Government Securities - End of Year Fair Market Value:

593,134

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

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

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AT MLP FUND LLC	AT COST	612,490	1,189,089

- TIN:

TY 2014 LegalFeesSchedule

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
SHERMAN & HOWARD	8,463	4,231		4,232
OTHER	744	372		372

- TIN:

TY 2014 OtherDecreasesSchedule

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

Description	Amount

- TIN:

TY 2014 OtherExpensesSchedule

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
SUBSCRIPTION/MEMBERSHIP FEES	725		725
PORTFOLIO DEDUCTION-ATLANTIC	169	169
AT MLP ROYALTY EXP DEDUCTION	28	28
AT MLP PORTFOLIO DEDUCTION	44	44
AT MLP LLC	28,683	28,683
BESSEMER INVESTMENT EXPENSE	13	13
BUSINESS REGISTRATION FEE	31		31
WEBSITE EXPENSES	286		286
POSTAGE & MAILING	389		389
SUPPLIES	377	189	188
INSURANCE	750		750
FEDERAL TAX REFUND 2013	-10,815
FEDERAL TAX REFUND OTHER	-217
STATE TAX REFUND	-1

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
AT MLP FUND LLC	393	393
ATLANTIC TRUST	3,000	3,000
AT MLP FUND LLC-ROYALTIES	616
AT MLP FUND	-14,056		-14,056
AT MLP FUND 1231	-2,301		-2,301

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT ADVISOR FEES	75,543	75,543
INVESTMENT ADVISOR FEE-BESSEMER	1	1
INVESTMENT ADVISOR FEES-BESSEMER	1,490	1,490
GRANTMAKING - CONTRACTOR	10,007		10,007

- TIN:

TY 2014 TaxesSchedule

Name:

THE AJL CHARITABLE FOUNDATION

EIN: 45-0677796

Category	Amount	Net Investment Income
ATLANTIC TRUST FOREIGN TAX	2,308	2,308
AT MLP FOREIGN TAX	88	88
BESSEMER TRUST FOREIGN TAX	150	150
BESSERMER -ADDTL FOREIGN TAX	104	104
FEDERAL TAXES PAID ON UBIT PY	417
FEDERAL TAXES PAID ON UBIT EST	5,245
STATE INCOME TAXES PAID ON UBIT	19	19
STATE INCOME TAXES PAID UBIT EST	805	805