Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
Leo M Bernstein Family Foundation
Attn Ami Becker Aronson

Number and street (or P.O. box number if mail is not delivered to street address)c/o The Bernstein Cos 3299 K St NWNo 700Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Washington, DC20007
A Employer identification number

52-6041822
B Telephone number (see instructions)

(202) 333-9000
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$10,846,872J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 31,455 31,455  
4 Dividends and interest from securities...... 118,403 118,403  
5a Gross rents.............. 282,460 282,460  
b Net rental income or (loss) 282,460
6a Net gain or (loss) from sale of assets not on line 10 -124,634
b Gross sales price for all assets on line 6a 4,932,571
7 Capital gain net income (from Part IV, line 2)... 0
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)....... Click to see attachment 2,528 2,528  
12 Total. Add lines 1 through 11........ 310,212 434,846  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 103,080 34,016   69,063
14 Other employee salaries and wages...... 107,133 107,134   0
15 Pension plans, employee benefits....... 3,632 3,269   363
16a Legal fees (attach schedule)......... Click to see attachment 2,286 2,286   0
b Accounting fees (attach schedule)....... Click to see attachment 8,724 7,852   872
c Other professional fees (attach schedule).... Click to see attachment 43,285 43,285   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,132 25,132   0
19 Depreciation (attach schedule) and depletion... 68,104 68,104  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 15,346 13,812   1,535
22 Printing and publications.......... 11,499 11,452   47
23 Other expenses (attach schedule)....... Click to see attachment 206,942 181,447   22,105
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 595,163 497,789   93,985
25 Contributions, gifts, grants paid........ 532,700 532,700
26 Total expenses and disbursements. Add lines 24 and 25 1,127,863 497,789   626,685
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -817,651
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 3,870    
2 Savings and temporary cash investments.......... 326,599 304,978 304,978
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet506,238
Less: allowance for doubtful accounts bullet0 517,575 Click to see attachment506,238 489,000
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)........ 6,885,518 Click to see attachment7,084,189 8,273,489
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,355,752 Click to see attachment1,029,722 709,244
14 Land, buildings, and equipment: basis bullet2,841,797
Less: accumulated depreciation (attach schedule) bullet801,073 2,641,377 2,040,724 1,070,161
15 Other assets (describe bullet) Click to see attachment4,378 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,735,069 10,965,851 10,846,872
Liabilities 17 Accounts payable and accrued expenses.......... 4,688 11,303
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 4,688 11,303
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 2,008,433 2,026,607
29 Retained earnings, accumulated income, endowment, or other funds 9,721,948 8,927,941
30 Total net assets or fund balances (see instructions)...... 11,730,381 10,954,548
31 Total liabilities and net assets/fund balances (see instructions).. 11,735,069 10,965,851
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 11,730,381
2 Enter amount from Part I, line 27a..................... 2 -817,651
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 57,455
4 Add lines 1, 2, and 3.......................... 4 10,970,185
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 15,637
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 10,954,548
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly Traded Securities P    
b Capital Gain Distribution P    
c Loss on Sale of Property P    
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 4,641,399   4,419,814 221,585
b 99,422     99,422
c 191,750   637,391 -445,641
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       221,585
b       99,422
c       -445,641
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -124,634
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 588,849 11,007,611 0.053495
2012 528,972 10,442,464 0.050656
2011 394,909 8,418,661 0.046909
2010 319,788 5,540,181 0.057722
2009 171,791 4,999,165 0.034364
2 Total of line 1, column (d) ...................... 2 0.243146
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 0.048629
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 11,041,337
5 Multiply line 4 by line 3....................... 5 536,929
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 536,929
8 Enter qualifying distributions from Part XII, line 4.............. 8 626,685
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 6,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 10,000
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet10,000 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (202) 333-9000
    Located atbullet3299 K STREET NWWASHINGTONDC ZIP+4bullet20007
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Richard Bernstein Vice President
    1.00     		0 0 0
    1054 31 st STreet NW Suite 1000
    Washington,DC20007
    Adam Bernstein Treasurer
    1.00     		0 0 0
    4409 Klinge Street
    Washington,DC20016
    Ami Becker Aronson Managing Executive Directo
    40.00     		103,080 2,400 1,232
    6917 Anchorage Drive
    Bethesda,MD20817
    Mauree Jane Perry Secretary
    1.00     		0 0 0
    2606 Jackson Street
    San Francisco,CA94115
    Stuart Bernstein President
    1.00     		0 0 0
    Il Lugano - 300 Seminole Avenue Apt
    3B
    Palm Beach,FL33480
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,368,069
    b
    Average of monthly cash balances.......................
    1b
    319,912
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,521,498
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,209,479
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    11,209,479
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    168,142
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,041,337
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    552,067
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    552,067
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    552,067
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    552,067
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    552,067
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    626,685
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    626,685
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    626,685
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 552,067
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 45,430
    b From 2010....... 54,905
    c From 2011....... 221,878
    d From 2012....... 12,264
    e From 2013....... 49,802
    fTotal of lines 3a through e......... 384,279
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 626,685
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 552,067
    e Remaining amount distributed out of corpus 74,618
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 458,897
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		45,430
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		413,467
    10 Analysis of line 9:
    a Excess from 2010.... 54,905
    b Excess from 2011.... 221,878
    c Excess from 2012.... 12,264
    d Excess from 2013.... 49,802
    e Excess from 2014.... 74,618
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Alliance for Young Artists
    197 East Broadway
    New York,NY10002     		  Charitable Community Service 25,000
    American Friends of the Hebrew Universtiy
    One Battery Park Plaza 25th Floor
    New York,NY10004     		  Charitable Community Service 12,500
    Anti-Defamation League
    605 3rd Ave
    New York,NY10158     		  Charitable Community Service 6,250
    BBYO
    2020 K St NW
    Washington,DC20006     		  Charitable Community Service 1,000
    C&O Canal Trust
    1850 Dual Highway Suite 100
    Hagerstown,MD21740     		  Charitable Community Service 6,250
    Elsie's Publishing
    PO Box 811
    East Lansing,MI48826     		  Charitable Community Service 1,000
    Embassy Series
    PO Box 9871
    Washington,DC20016     		  Charitable Community Service 1,000
    Enviornmental Workshop Group
    1436 U Street NW 100
    Washington,DC20009     		  Charitable Community Service 8,500
    Friends of Lubavich
    11621 Seven Locks Rd
    Potomac,MD20854     		  Charitable Community Service 10,000
    Hebrew Home of Greater Washington
    2700 F Street NW
    Washington,DC20852     		  Charitable Community Service 14,000
    JerusalemonlineUcom
    105 E 34th Street Suite 117
    New York,NY10016     		  Charitable Community Service 20,000
    Joy of Motion Dance Center
    1333 H St NE
    Washington,DC20002     		  Charitable Community Service 15,000
    Kollel Vilna
    3299 K St NW Suite 700
    Washington,DC20007     		  Charitable Community Service 12,500
    Leo Bernstein Jewish Academy
    1401 Arcola Ave
    Silver Spring,MD20902     		  Charitable Community Service 25,000
    Meritus College Fund
    PO Box 29024
    San Francisco,CA94129     		  Charitable Community Service 10,000
    National Museum of Women in the Arts
    1250 New York Ave NW
    Washington,DC20005     		  Charitable Community Service 25,000
    New Dance Alliance
    182 Duane St
    New York,NY10013     		  Charitable Community Service 3,000
    Peninsula Temple Beth El
    1700 Alameda de las Pulgas
    San Mateo,CA94403     		  Charitable Community Service 10,000
    Ronald C Wornick Jewish Day School
    800 Foster City Blvd
    Foster City,CA94404     		  Charitable Community Service 2,500
    Sasha Bruce Youthwork Inc
    741 8th St SE
    Washington,DC20003     		  Charitable Community Service 10,000
    Sixth & I Historic Synagogue
    600 I Street NW
    Washington,DC20001     		  Charitable Community Service 20,000
    Sonoma Community Center
    276 E Napa St
    Sonoma,CA95476     		  Charitable ahmedahmed - 05/18/15 04:20PM Worksheet Private Foundation 7,500
    Stone Soup Films
    1070 Thomas Jefferson St NW Suite
    202
    Washington,DC20007     		  Charitable Community Service 500
    The Seed Foundation
    1776 Massachusetts Ave NW
    Washington,DC20036     		  Charitable Community Service 2,000
    Transformer
    1404 P Street NW
    Washington,DC20005     		  Charitable Community Service 15,000
    Trust for the National Mall
    PO Box 96475
    Washington,DC20090     		  Charitable Community Service 25,500
    Urban Alliance Foundation
    2030 Q Street NW
    Washington,DC20009     		  Charitable Community Service 10,000
    Vital Voices
    1625 Massachusetts Ave NW
    Washington,DC20036     		  Charitable Community Service 1,200
    WAMU 885 American University
    4400 Massachusetts Ave NW
    Washington,DC20016     		  Charitable Community Service 35,000
    WETA Better Angels Society
    PO Box 60067
    Florence,MA01062     		  Charitable Community Service 50,000
    Yeshiva of Greater Washington
    2010 Linden Land
    Silver Spring,MD20910     		  Charitable Community Service 10,000
    Marshall-Brennan
    4400 Massachusetts Ave NW
    Washington,DC20016     		  Charitable Community Service 20,000
    Martha's Table
    2204 Martin Luther King Jr Ave SE
    Washington,DC20020     		  Charitable Community Service 10,000
    Hillel The Foundation for Jewish Campus Life
    800 8th St NW
    Washington,DC20001     		  Charitable Community Service 10,000
    Metro Minyan 2239
    3935 Macomb Street NW
    Washington,DC20016     		  Charitable Community Service 10,000
    Moishe House
    10304 Parkwood Dr
    Kensington,MD20895     		  Charitable Community Service 10,000
    Shalom Learning
    4929 Bethesda Ave
    Bethesda,MD20814     		  Charitable Community Service 10,000
    Inner City-Inner Child
    3133 Dumbarton St NW
    Washington,DC20007     		  Charitable Community Service 10,000
    S&R Foundation
    7501 Wisconsin Ave 600
    Bethesda,MD20814     		  Charitable Community Service 20,000
    Environmental Film Festival
    1228 31st Street NW
    Washington,DC20007     		  Charitable Community Service 10,000
    So African LaCrosse
    6901 Charles Ridge Road
    Towson,MD21204     		  Charitable Community Service 1,500
    The Rags Foundation
    7201 Clarendon Road
    Bethesda,MD20814     		  Charitable Community Service 3,000
    Bath El Congreation
    8215 Old Georgetown Rd
    Bethesda,MD20814     		  Charitable Community Service 2,500
    4 Paws for Ability
    253 Dayton Ave
    Xenia,OH45385     		  Charitable Community Service 1,000
    Association of Excellence for Autism
    4967 Henry Hudson Parkway West
    Bronx,NY10471     		  Charitable Community Service 8,000
    The Commmunity Foundation of the National Capital Region
    1201 15th Street NW Suite 420
    Washington,DC20005     		  Charitable Community Service 1,000
    Dixon Place
    161 Chrystie St
    New York,NY10002     		  Charitable Community Service 1,750
    Fractured Atlas
    248 W 35th Street 10th Fl
    New York,NY10001     		  Charitable Community Service 3,000
    City Dance
    1111 16th St NW
    Washington,DC20036     		  Charitable Community Service 1,250
    Washington Regional Association Grantmakers
    1400 16th Street NW Suite 740
    Washington,DC20036     		  Charitable Community Service 1,500
    NARAL
    1156 15th Street NW Suite 700
    Washington,DC20005     		  Charitable Community Service 500
    Planned Parenthood
    111108 16th Street NW
    Washington,DC20036     		  Charitable Community Service 2,500
    Total .................................bullet 3a 532,700
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 31,455  
    4 Dividends and interest from securities....     14 118,403  
    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 .............     		    18 282,460  
    7 Other investment income..... 453000 2,300 18 228  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 -124,634  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 2,300 307,912 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13310,212
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 8,724 7,852   872

    TY 2014 ExplnOfNonFilingWithAGStmt
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Statement:
    DC does not require 990-PF to be furnished to DC

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Managed Portfolio 7,084,189 8,273,489

    TY 2014 InvestmentsOtherSchedule2
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Israel State Bonds AT COST 1,000 1,000
    Certificate of Deposit AT COST 0 0
    Brown Advisory Investors, LLP AT COST 53,932 53,932
    Bttwn - CRRT AT COST 320,478 0
    Battletown Inn AT COST 650,000 650,000
    Investment in Strasburg AT COST 4,312 4,312

    TY 2014 LegalFeesSchedule
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 2,286 2,286   0


    TY 2014 OtherAssetsSchedule
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Reimbursement Clearing 4,378 0 0


    TY 2014 OtherDecreasesSchedule
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Description Amount
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Charges 532 431   0
    Messenger/Delivery 418 377   0
    Dues/Subscriptions 5,600 0   5,600
    Metro 239 215   24
    Meals & Entertainment 2,552 2,297   255
    Office Supplies 10,623 10,619   4
    Payroll Fees 347 312   35
    Insurance 16,907 15,216   1,691
    Utilities 13,774 10,526   23
    Investment Fees 49,137 49,137   0
    Repairs & Maintenance 21,983 21,983   0
    Management Fees 61,986 58,386   3,600
    Consulting 9,933 0   9,933
    Miscellaneous 79 71   8
    Auto Expenses 875 788   88
    Postage 25 0   0
    Seminars 6,515 5,864   652
    Computer Support 1,917 1,725   192
    Commissions 3,500 3,500   0


    TY 2014 OtherIncomeSchedule2
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Late Fees 210 210 210
    Miscellaneous 2,300 2,300 2,300
    Other Income 18 18 18


    TY 2014 OtherIncreasesSchedule
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Description Amount
       
       


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

    TY 2014 OtherNotesLoansRcvblLongSch
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
      0 100,000       0 %       100,000
      0 66,630       0 %       50,000
      0 89,608       0 %       89,000
      0 250,000       0 %       250,000

    TY 2014 OtherProfessionalFeesSchedule
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Professional Fees 43,285 43,285   0


    TY 2014 TaxesSchedule
    Name:
    Leo M Bernstein Family Foundation
    Attn Ami Becker Aronson
    EIN: 52-6041822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foregin Taxes 2,506 2,506   0
    Real Estate Taxes 20,295 20,295   0
    State Taxes 2,331 2,331   0