TY 2014 Form 990PF

- TIN:

Form990-PF
Click to see attachment

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
BORSTEIN FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)11766 WILSHIRE BLVD Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90025

A Employer identification number

95-4716815

B Telephone number (see instructions)

(310) 582-1991

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

$10,606,152J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............	96,000
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	35		35
4	Dividends and interest from securities......	232,082		232,082
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		210,166
b	Gross sales price for all assets on line 6a 981,604
7	Capital gain net income (from Part IV, line 2)...			210,166
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).......		44,251	44,251
12	Total. Add lines 1 through 11........	582,534		486,534
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		2,440	1,220	1,220
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,733	645
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		49,257	49,172	85
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	54,430		51,037	1,305
25	Contributions, gifts, grants paid........	304,000			304,000
26	Total expenses and disbursements. Add lines 24 and 25	358,430		51,037	305,305
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	224,104
b	Net investment income (if negative, enter -0-)			435,497
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...............	7	109	109
	2	Savings and temporary cash investments..........	945,272	396,811	396,811
	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...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	5,312,138	5,975,299	8,646,771
	c	Investments—corporate bonds (attach schedule)........	1,010,458	959,249	1,029,621
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	300,165	460,676	532,840
	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)	7,568,040	7,792,144	10,606,152
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	7,568,040	7,792,144
	30	Total net assets or fund balances (see instructions)......	7,568,040	7,792,144
	31	Total liabilities and net assets/fund balances (see instructions)..	7,568,040	7,792,144

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	7,568,040
2	Enter amount from Part I, line 27a.....................	2	224,104
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	7,792,144
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	7,792,144

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.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

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	210,166
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2013	181,909	8,836,065	0.02059
2012	156,236	7,889,252	0.01980
2011	82,301	7,445,853	0.01105
2010	693,417	6,865,299	0.10100
2009	686,378	5,973,195	0.11491

2	Total of line 1, column (d) ......................	2	0.26736
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	0.05347
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	9,955,046
5	Multiply line 4 by line 3.......................	5	532,306
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	4,355
7	Add lines 5 and 6.........................	7	536,661
8	Enter qualifying distributions from Part XII, line 4..............	8	305,305
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	8,710
	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	8,710
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	8,710
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	5,824
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	5,300
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	11,124
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,414
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax2,414	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

N/A

The books are in care of bullet

ALAN S BORSTEIN Telephone no. bullet

(310) 582-1991

Located at bullet

11766 WILSHIRE BLVD SUITE 820LOS ANGELESCA ZIP+4 bullet

90025

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
ALAN S BORSTEIN	Trustee 2.00	0
11766 WILSHIRE BLVD STE 820 LOS ANGELES,CA90025	Trustee 2.00	0
ERIC K BORSTEIN	Trustee 2.00	0
11766 WILSHIRE BLVD STE 820 LOS ANGELES,CA90025	Trustee 2.00	0
loren s borstein	Trustee 1.00	0
11766 WILSHIRE BLVD STE 820 los angeles,CA90025	Trustee 1.00	0
craig j borstein	Trustee 1.00	0
11766 WILSHIRE BLVD STE 820 los angeles,CA90025	Trustee 1.00	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


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

9,422,520

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

355,632

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

328,494

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

10,106,646

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

10,106,646

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

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

151,600

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

9,955,046

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

497,752

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

497,752

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

8,710

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

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

8,710

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

489,042

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

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

489,042

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

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

489,042

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 ..........

305,305

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

305,305

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

305,305

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

Form 990-PF (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7			489,042
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	390,394
b From 2010.......	353,512
c From 2011.......
d From 2012.......
e From 2013.......
fTotal of lines 3a through e.........		743,906
4Qualifying distributions for 2014 from Part
XII, line 4: $ 305,305
a Applied to 2013, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2014 distributable amount.....			305,305
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2014.		183,737	183,737
(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		560,169
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...		206,657
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		353,512
10 Analysis of line 9:
a Excess from 2010....	353,512
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).)

ALAN S BORSTEIN

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2014)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
HARVARD BUSINESS SCHOOL SOLDIERS FIELD TEELE 455 BOSTON,MA02163	NONE	PUBLIC	OR GENERAL ETHICS FUND	10,000
JOHN WAYNE CANCER INSTITUTE 2200 SANTA MONICA BLVD SANTA MONICA,CA90404	NONE	PUBLIC	FOR GENERAL MELANOMA RESEARCH PROGRAM	35,000
LA JEWISH HOME FOR THE AGING 7150 TAMPA AVE RESEDA,CA91334	NONE	PUBLIC	FOR GENERAL FUND	5,000
MORE THAN WORDS INC 376 MOODY STREET WALTHAM,MA02453	NONE	PUBLIC	FOR GENERAL FUND	2,000
RONALD MCDONALD HOUSE 4560 FOUNTAIN AVENUE LOS ANGELES,CA90029	NONE	PUBLIC	OR CAPITAL/ENDOWMENT DEVELOPMENT PROGRAM	50,000
THE RAPE FOUNDATION-FBO STUART HOUS 1223 WILSHIRE BLVD SUITE 410 SANTA MONICA,CA90403	NONE	PUBLIC	FOR GENERAL FUND	10,000
UCLA FOUNDATION 10920 WILSHIRE BLVD SUITE 1400 LOS ANGELES,CA90024	NONE	PUBLIC	FOR MATTEL CHILDREN'S HOSPITAL UCLA	35,000
UNITED WAY OF GREATER LOS ANGELES 523 W SIXTH STREET LOS ANGELES,CA90014	NONE	PUBLIC	FOR GENERAL FUND	1,000
USC LUSK CENTER FOR REAL ESTATE 331 LEWIS HALL LOS ANGELES,CA90089	NONE	PUBLIC	FOR ENDOWED SCHOLARSHIP FUND	10,000
CROSSROADS COMMUNITY OUTREACH FOUND 1714 21ST STREET SANTA MONICA,CA90404	NONE	PUBLIC	FOR P.S. SCIENCE PROGRAM	20,000
OPERATION SMILE 6435 TIDEWATER DRIVE NORFOLK,VA23509	NONE	PUBLIC	FOR GENERAL FUND	5,000
CITY OF HOPE 1055 WILSHIRE BLVD 1200 LOS ANGELES,CA90017	NONE	PUBLIC	FOR GENERAL FUND	25,000
ALZHEIMER'S ASSOCIATION 5900 WILSHIRE BLVD 1700 LOS ANGELES,CA90036	NONE	PUBLIC	FOR GENERAL FUND	10,000
CROSSROADS SCHOOL 1714 21ST STREET SANTA MONIC,CA90404	NONE	PUBLIC	CHANGE A LIFE FUND	7,500
LOS ANGELES REGIONAL FOOD BANK 1734 E 41ST STREET LOS ANGELES,CA90058		501C(3)	GENERAL FUND	10,000
UCLA 10920 WILSHIRE BLVD SUITE 1400 LOS ANGELES,CA90024			OPERATION MEND CARE FUND	5,000
THE RAPE FOUNDATION-FBO STUART HOUS 1223 WILSHIRE BLVD NO 410 SANTA MONICA,CA90403		PC	CAPITAL CAMPAIGN	60,000
NORTHRIDGE YMCA 11336 CORBIN AVENUE NORTHRIDGE,CA91326		PC	YOUTH PROGRAMS	3,500
Total ................................. 3a				304,000

bApproved for future payment
RONALD MCDONALD HOUSE 4560 FOUNTAIN AVENUE LOS ANGELES,CA90029	NONE	PUBLIC	FOR GENERAL FUND	50,000
JOHN WAYNE CANCER INSTITUTE 2200 SANTA MONICA BLVD SANTA MONICA,CA90404	NONE	PUBLIC	GENERAL MELANOMA RESEARCH	70,000
THE RAPE FOUNDATION-FBO STUART HOUS 1223 WILSHIRE BLVD NO 410 SANTA MONICA,CA90403		PUBLIC	CAPITAL CAMPAIGN	90,000
UCLA FOUNDATION 10920 WILSHIRE BLVD SUITE 1400 LSO ANGELES,CA90024		PC	PEDIATRIC CARDIOLOGY	70,000
HARVARD BUSINESS SCHOOL 124 MOUNT AUBURN STREET CAMBRIDGE,MA02138			FOR GENERAL ETHICS FUND	20,000
Total ................................. 3b				300,000

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 ............				35
4 Dividends and interest from securities....			14	232,082
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	210,166
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aCLASS ACTION SETTLEMENT			14	86
bINT. INC. BE RESID IV			14	36,753
cORD. INCOME SANKATY MID			14	8,606
dORD. LOSS BE RESID III			14	-588
eORD. LOSS BE RESID VII			14	-606
12 Subtotal. Add columns (b), (d), and (e)..				486,534

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

13486,534

(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:	14000265
Software Version:	2014v5.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

BORSTEIN FAMILY FOUNDATION

Employer identification number

95-4716815

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization BORSTEIN FAMILY FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	BORSTEIN CHARITABLE LEAD ANNUITY TR 930 MORAGA DRIVE LOS ANGELES, CA90049	$96,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization BORSTEIN FAMILY FOUNDATION

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
BORSTEIN FAMILY FOUNDATION

Employer identification number

95-4716815

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:	14000265
Software Version:	2014v5.0

- TIN:

TY 2014 InvestmentsCorpBondsSchedule

Name:

BORSTEIN FAMILY FOUNDATION

EIN: 95-4716815

Software ID:14000265

Software Version:2014v5.0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES	78,658	88,552
CHEVRON CORP	99,969	111,814
CISCO SYSTEMS INC	101,347	111,762
COCA COLA CO	49,539	56,059
COCA COLA CO	50,653	55,446
CONOCOPHILLIPS	74,495	85,258
DB CONT CAPITAL TRUST V	75,000	84,570
FPL GROUP CAP TR I	25,000	25,400
GOLDMAN SACHS GP	25,000	25,363
HEWLETT-PACKARD CO
ING GROEP NV	25,000	25,270
PFIZER INC	74,906	75,679
PRUDENTIAL PLC	25,000	25,510
JP MORGAN CHASE & CO	101,039	99,922
TORONTO-DOMINION BANK	104,822	102,316
COSTCO WHOLESALE CORP	48,821	56,700

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

BORSTEIN FAMILY FOUNDATION

EIN: 95-4716815

Software ID:14000265

Software Version:2014v5.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACCENTURE LTD	40,581	129,500
ALEXANDER & BALDWIN INC	28,875	54,964
AMERICAN EXPRESS CO	108,082	151,190
APPLE INC	76,098	146,805
AT&T INC	109,913	114,206
BB&T CORP	37,874	46,668
CENTERPOINT ENERGY INC	120,125	140,580
CHEVRON CORP	209,178	246,796
COCA COLA CO	65,621	105,550
CVS/CAREMARK CORPORATION	118,037	192,620
DANAHER CORP	23,222	59,997
DEERE & CO
EMC CORP MASS	80,999	113,012
EMERSON ELECTRIC CO
EXXON MOBIL CORPORATION	184,951	203,390
FREEPORT-MCMORAN COPPER & GOLD INC
GENERAL ELECTRIC CO	238,673	227,430
HEWLETT PACKARD CO	152,095	160,520
HOME DEPOT INC	36,294	115,467
HONEYWELL INTERNATIONAL INC	81,829	172,362
INTEL CORP COMM	64,702	108,870
INTERNATIONAL BUSINESS MACHINE CORP	45,582	96,264
JOHNSON & JOHNSON	93,321	146,398
JP MORGAN CHASE & CO	129,868	200,256
MCDONALDS CORP	85,154	112,440
MERCK & CO INC	79,533	113,580
MICROSOFT CORP	131,680	185,800
NORDSTROM INC
OCCIDENTAL PETE CORP	136,080	153,159
ORACLE CORPORATION	72,573	152,898
PEPSICO INC	114,997	141,840
PFIZER INC	82,300	165,095
PHILIP MORRIS INTERNATIONAL INC	91,135	138,465
PNC FINANCIAL SERVICES CORP	100,287	136,845
POTASH CORP SASK
PROCTOR & GAMBLE CO	94,306	127,526
QUALCOMM INC	59,950	72,472
RAYTHEON CO
RELIANCE STL & ALUM CO	48,348	55,143
SCHLUMBERGER LTD	114,178	111,033
SHERWIN WILLIAMS CO	81,933	151,248
STARBUCKS CORP	130,250	159,997
TARGET CORP	44,703	75,910
TELEDYNE TECHNOLOGIES INC
THERMO FISHER SCIENTIFIC INC	68,772	150,348
TIME WARNER INC NEW	23,423	96,781
TIME WARNER CABLE INC	46,394	106,442
TRAVELERS COMPANIES INC	74,858	179,945
UNION PACIFIC CORP	29,252	119,130
UNITED PARCEL SERVICE-CL B	59,463	111,170
UNITED TECHNOLOGIES CORP	50,675	80,500
US BANCORP DEL	100,380	134,850
WALGREEN BOOTS ALLIANCE INC	21,942	72,390
WALMART STORES INC	55,407	94,468
WALT DISNEY CO	61,747	207,218
MOHAWK IND INC COM	68,109	77,680
TWENTY FIRST CENTURY FOX INC	85,036	99,853
FINANCIAL SELECT SEDCTOR SPDR FUND	360,986	474,816
AMEX HEALTH CARE SPDR	260,113	389,766
AMGEN INC	89,970	127,432
BAXTER INTL INC
EATON CORP PLC	69,982	84,950
NOVARTIS AG
TYCO INTERNATIONAL LTD NEW	109,628	131,580
CALIFORNIA RESOURCES CORP	4,914	4,188
ABBOTT LABS	160,586	180,080
MCKESSON CORP	61,992	72,653
AMEX TECHNOLOGY SELECT SPDR	176,913	206,750
AUTOMATIC DATA PROCESSING INC	120,920	147,982
CDK GLOBAL INC	13,562	18,994
GOOGLE INC CL A	40,164	37,146
GOOGLE INC CLASS C	40,036	36,848
VERIZON COMMUNICATIONS	96,411	93,560
TE CONNECTIVITY LTD	86,073	94,875
TIME INC	24,264	28,080

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

BORSTEIN FAMILY FOUNDATION

EIN: 95-4716815

Software ID:14000265

Software Version:2014v5.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
PUBLIC STORAGE INC COM (REIT)	AT COST	44,051	92,425
BE RESIDENTIAL III, LLC	AT COST
BE RESIDENTIAL IV, LLC	AT COST	248,019	269,019
BE RESIDENTIAL VII, LLC	AT COST
SANKATY MIDDLE MARKET OPP FUND II-A	AT COST	168,606	171,396

- TIN:

TY 2014 OtherExpensesSchedule

Name:

BORSTEIN FAMILY FOUNDATION

EIN: 95-4716815

Software ID:14000265

Software Version:2014v5.0

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
AGENCY FEES	48,623	48,623
FILING FEE	10		10
PORTFOLIO DEDUCTIONS-BE RESIDENTIAL IV,	549	549
REGISTRATION/RENEWAL FEE	75		75

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

BORSTEIN FAMILY FOUNDATION

EIN: 95-4716815

Software ID:14000265

Software Version:2014v5.0

Description	Revenue And Expenses Per Books	Net Investment Income
CLASS ACTION SETTLEMENT	86	86
INT. INC. BE RESID IV	36,753	36,753
ORD. INCOME SANKATY MID	8,606	8,606
ORD. LOSS BE RESID III	-588	-588
ORD. LOSS BE RESID VII	-606	-606

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

BORSTEIN FAMILY FOUNDATION

EIN: 95-4716815

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION & ADVICE	2,440	1,220	0	1,220

- TIN:

TY 2014 TaxesSchedule

Name:

BORSTEIN FAMILY FOUNDATION

EIN: 95-4716815

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	645	645
U.S. TREASURY-EXCISE TAX	2,088