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
PATRICK FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)12 MURRAY BLVD   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLESTON, SC29401
A Employer identification number

20-3309379
B Telephone number (see instructions)

(843) 724-4000
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$2,161,530J 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 408 25  
4 Dividends and interest from securities...... 49,014 49,014  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 269,412
b Gross sales price for all assets on line 6a 1,602,839
7 Capital gain net income (from Part IV, line 2)... 29,814
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 1,424   1,424
12 Total. Add lines 1 through 11........ 320,258 78,853 1,424
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,895 1,895    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,072 1,072    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 21,874 19,660   2,213
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,841 22,627   2,213
25 Contributions, gifts, grants paid........ 111,500 111,500
26 Total expenses and disbursements. Add lines 24 and 25 136,341 22,627   113,713
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 183,917
b Net investment income (if negative, enter -0-) 56,226
c Adjusted net income (if negative, enter -0-)... 1,424
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............... 46,515 44,519 44,519
2 Savings and temporary cash investments..........      
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,027,416 Click to see attachment1,074,942 1,189,532
c Investments—corporate bonds (attach schedule)........ 475,234 Click to see attachment393,839 391,097
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 311,841 Click to see attachment529,687 536,382
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,861,006 2,042,987 2,161,530
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 1,425,000 1,425,000
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 436,006 617,987
30 Total net assets or fund balances (see instructions)...... 1,861,006 2,042,987
31 Total liabilities and net assets/fund balances (see instructions).. 1,861,006 2,042,987
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 1,861,006
2 Enter amount from Part I, line 27a..................... 2 183,917
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,044,923
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,936
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,042,987
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.)
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 (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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 29,814
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 92,058 2,012,120 0.045752
2012 98,181 1,885,548 0.052070
2011 79,763 1,847,286 0.043178
2010 45,727 1,338,403 0.034165
2009 74,091 1,131,135 0.065501
2 Total of line 1, column (d) ...................... 2 0.240666
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 0.048133
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 2,179,306
5 Multiply line 4 by line 3....................... 5 104,897
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 562
7 Add lines 5 and 6......................... 7 105,459
8 Enter qualifying distributions from Part XII, line 4.............. 8 113,713
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 1 562
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 562
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- ..... 5 562
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 949
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 949
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 10 387
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet387 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletSC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
     
     
    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 ofbulletWELLS FARGO Telephone no.bullet (843) 724-4000
    Located atbullet177 MEETING ST 4TH FLOORCHARLESTONSC ZIP+4bullet29401
    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
    CELESTE PATRICK SECRETARY/TR
    1.00     		0 0 0
    12 MURRAY BLVD
    CHARLESTON,SC29401
    CHARLES W PATRICK JR PRESIDENT
    1.00     		0 0 0
    12 MURRAY BLVD
    CHARLESTON,SC29401
    LAURA PATRICK BOARD MEMBER
    1.00     		0 0 0
    12 MURRAY BLVD
    CHARLESTON,SC29401
    CHARLES PATRICK III BOARD MEMBER
    1.00     		0 0 0
    12 MURRAY BLVD
    CHARLESTON,SC29401
    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  
    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)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    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
    1,786,410
    b
    Average of monthly cash balances.......................
    1b
    46,971
    c
    Fair market value of all other assets (see instructions)................
    1c
    379,112
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,212,493
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    2,212,493
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    33,187
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,179,306
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    108,965
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    108,965
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    562
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    562
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    108,403
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    108,403
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    108,403
    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
    113,713
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    113,713
    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
    562
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    113,151
    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 7 108,403
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 10,577
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 113,713
    a Applied to 2013, but not more than line 2a 10,577
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 103,136
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		5,267
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    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 e-mail address of the person to whom applications should be addressed:
    THE PATRICK FAMILY FOUNDATION
    C/O WELLS FARGO
    177 MEETING ST 4TH FLOOR
    CHARLESTON,SC29401
    (843) 724-4000
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD BE WRITTEN, OUTLINING THE PURPOSE FOR WHICH THE FUNDS WILL BE USED.
    cAny submission deadlines:
    APRIL 30TH FOR MAY MEETING & OCTOBER 31ST FOR THE NOVEMBER MEETING.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ORGANIZATION MUST BE A 501(C)(3), CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES.
    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
    AMERICAN CIVIL LIBERTIES UNION OF S
    PO BOX 20998
    CHARLESTON,SC29413     		    GENERAL SUPPORT 2,500
    AMERICAN CIVIL LIBERTIES UNION OF S
    PO BOX 20998
    CHARLESTON,SC29413     		    GENERAL SUPPORT 5,000
    AMERICAN RED CROSS LOWCOUNTRY CHAPT
    8085 RIVERS AVE
    N CHARLESTON,SC29403     		    GENERAL SUPPORT 10,000
    CHARLESTON MOVES
    1005 VON KOLNITZ RD
    MT PLEASANT,SC29464     		    GENERAL SUPPORT 2,500
    CHARLESTON PRO BONO LEGAL SERVICES
    111 CHURCH STREET
    CHARLESTON,SC29403     		    GENERAL SUPPORT 10,000
    CHARLESTON REGIONAL ALLIANCE FOR TH
    293 E BAY ST
    CHARLESTON,SC29401     		    GENERAL SUPPORT 2,500
    CHARLESTON SYMPHONY ORCHESTRA
    756 ST ANDREWS BLVD
    CHARLESTON,SC29407     		    GENERAL SUPPORT 2,500
    COLLEGE OF CHARLESTON FOUNDATION
    66 GEORGE ST
    CHARLESTON,SC29424     		    GENERAL SUPPORT 5,000
    COLUMBIA CITY BALLET
    1545 MAIN ST
    COLUMBIA,SC29201     		    GENERAL SUPPORT 2,000
    CONSERVATION VOTERS OF SC EDUCATION
    701 WHALEY STREET
    COLUMBIA,SC29201     		    GENERAL SUPPORT 5,000
    EAST COOPER MEALS ON WHEELS INC
    2304 US 17
    MT PLEASANT,SC29466     		    GENERAL SUPPORT 2,500
    LOWCOUNTRY LOCAL FIRST
    1345 AVENUE G AA
    N CHARLESTON,SC29405     		    GENERAL SUPPORT 5,000
    MIDTOWN PRODUCTIONS
    2816 AZALEA DR
    N CHARLESTON,SC29405     		    GENERAL SUPPORT 2,000
    ONE-EIGHTY PLACE
    35 WALNUT ST
    CHARLESTON,SC29403     		    GENERAL SUPPORT 20,000
    SC COASTAL CONSERVATION LEAGUE
    328 EAST BAY ST
    CHARLESTON,SC29401     		    GENERAL SUPPORT 5,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    201 WEST MAIN ST STE 14
    CHARLOTTESVILLE,VA22902     		    GENERAL SUPPORT 20,000
    USC EDUCATIONAL FOUNDATION
    1600 HAMPTON ST
    COLUMBIA,SC29208     		    GENERAL SUPPORT 2,500
    WINGS FOR KIDS
    3347 RIVERS AVE
    CHARLESTON,SC29405     		    GENERAL SUPPORT 5,000
    YO ART INC
    PO BOX 12397
    CHARLESTON,SC29422     		    GENERAL SUPPORT 2,500
    Total .................................bullet 3a 111,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		        408
    4 Dividends and interest from securities....     1 49,014  
    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 .............     		        269,412
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aUNDISTRIBUTED DIVIDENDS     14 1,424  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   50,438 269,820
    13Total. Add line 12, columns (b), (d), and (e)..................
    13320,258
    (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:
    PATRICK FAMILY FOUNDATION
    EIN: 20-3309379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 1,895 1,895    

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

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    PATRICK FAMILY FOUNDATION
    EIN: 20-3309379
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    AFFILIATED MANAGERS COM 2014-01 PURCHASE 2014-10   7,514 8,009     -495  
    APACHE CORPORATION 2013-11 PURCHASE 2014-10   5,846 6,394     -548  
    BAAXTER INTERNATIONALS 2013-12 PURCHASE 2014-10   7,151 6,497     654  
    BLACKROCK INC. 2014-06 PURCHASE 2014-10   5,475 5,389     86  
    CME GROUP 2013-11 PURCHASE 2014-10   8,560 8,436     124  
    CVS/CAREMARK CORPORATION 2013-11 PURCHASE 2014-10   4,761 3,803     958  
    CVS/CAREMARK CORPORATION 2014-01 PURCHASE 2014-10   4,925 4,105     820  
    CISCO SYSTEMS 2014-04 PURCHASE 2014-10   4,293 4,098     195  
    CITIGROUP 2014-04 PURCHASE 2014-10   3,649 3,350     299  
    CITIGROUP 2014-06 PURCHASE 2014-10   5,578 5,120     458  
    DIAGELO PLC 2014-01 PURCHASE 2014-10   5,445 6,346     -901  
    WALT DISNEY WORLD 2013-11 PURCHASE 2014-10   5,963 4,749     1,214  
    DODGE & COX 2013-03 PURCHASE 2014-10   275 271     4  
    EATON VANCE FLOATING 2013-10 PURCHASE 2014-10   2,557 2,591     -34  
    HSBC-ADR 2014-01 PURCHASE 2014-10   3,326 3,615     -289  
    HSBC FRONTIER MARKETS 2013-10 PURCHASE 2014-10   25,284 21,252     4,032  
    INTERNATIONAL BUSINESS MACHINES 2013-11 PURCHASE 2014-10   5,095 4,937     158  
    JPMORGAN CHASE 2013-12 PURCHASE 2014-10   7,207 6,758     449  
    JPMORGAN CHASE 2014-01 PURCHASE 2014-10   1,201 1,159     42  
    MONSTER BEVERAGE CORP 2014-01 PURCHASE 2014-10   5,364 3,872     1,492  
    NATIONAL OILWELL INC 2013-11 PURCHASE 2014-10   5,490 5,670     -180  
    NOW INC 2013-11 PURCHASE 2014-06   25 26     -1  
    NOW INC 2013-11 PURCHASE 2014-06   694 697     -3  
    NOW INC 2013-12 PURCHASE 2014-06   762 716     46  
    NUVEEN HIGH YIELD 2014-10 PURCHASE 2014-12   37,058 36,800     258  
    PIMCO TOTAL RET 2013-12 PURCHASE 2014-10   569 561     8  
    PIMCO HIGH YIELD 2013-10 PURCHASE 2014-10   3,762 3,762        
    PIMCO FOREIGN BD 2013-12 PURCHASE 2014-10   265 251     14  
    PIMCO EMERGING MKTS 2013-12 PURCHASE 2014-10   2,352 2,303     49  
    PIMCO EMERGING MKTS 2013-10 PURCHASE 2014-10   9,535 9,848     -313  
    ROBECO BP 2013-12 PURCHASE 2014-10   35,713 33,871     1,842  
    RIDGEWORTH 2013-10 PURCHASE 2014-10   41,715 42,504     -789  
    SCHLUMBERGER 2013-11 PURCHASE 2014-10   9,275 8,831     444  
    TJX COS INC 2013-12 PURCHASE 2014-06   2,763 3,069     -306  
    TJX COS INC 2013-12 PURCHASE 2014-10   2,853 2,885     -32  
    3M CO 2014-04 PURCHASE 2014-10   4,223 4,153     70  
    3M CO 2013-11 PURCHASE 2014-10   2,815 2,599     216  
    US BANCORP 2013-11 PURCHASE 2014-10   7,628 7,129     499  
    UNITED HEALTH GROUP 2014-04 PURCHASE 2014-10   4,314 3,754     560  
    VANGUARD TOTAL BOND 2014-10 PURCHASE 2014-10   21,687 21,605     82  
    VOYA INTL RL EST 2013-10 PURCHASE 2014-10   10,989 11,730     -741  
    WESTERN ASSET 2013-10 PURCHASE 2014-10   88,184 85,008     3,176  
    EATON CORP 2014-04 PURCHASE 2014-10   1,560 1,823     -263  
    AFLAC 2013-01 PURCHASE 2014-06   6,915 5,789     1,126  
    ANHEUSER BUSCH 2012-01 PURCHASE 2014-10   4,772 2,718     2,054  
    ANHEUSER BUSCH 2012-01 PURCHASE 2014-10   9,014 5,196     3,818  
    APPLE COMPUITER 2012-01 PURCHASE 2014-10   11,277 7,333     3,944  
    APPLE COMPUITER 2012-01 PURCHASE 2014-10   7,350 4,449     2,901  
    BERSHIRE HATHAWAY 2013-04 PURCHASE 2014-10   12,773 9,756     3,017  
    BHP BILLITON 2013-04 PURCHASE 2014-10   1,448 1,764     -316  
    BHP BILLITON 2013-01 PURCHASE 2014-10   1,738 2,346     -608  
    BHP BILLITON 2013-04 PURCHASE 2014-11   3,363 4,234     -871  
    CAPITAL ONE FINANCIAL 2012-01 PURCHASE 2014-04   5,252 3,327     1,925  
    CAPITAL ONE FINANCIAL 2012-01 PURCHASE 2014-04   6,002 3,566     2,436  
    CAPITAL ONE FINANCIAL 2012-01 PURCHASE 2014-04   7,503 4,587     2,916  
    CELANESE CORP 2013-04 PURCHASE 2014-04   580 448     132  
    CELANESE CORP 2013-04 PURCHASE 2014-04   4,754 3,894     860  
    CHEVRON CORP 2013-01 PURCHASE 2014-04   5,879 5,829     50  
    CHEVRON CORP 2013-01 PURCHASE 2014-11   6,460 6,412     48  
    CISCO SYSTEMS 2012-01 PURCHASE 2014-10   4,440 3,464     976  
    COACH INC 2013-01 PURCHASE 2014-06   6,120 8,003     -1,883  
    COACH INC 2013-01 PURCHASE 2014-06   2,411 3,614     -1,203  
    COMCAST CORP 2012-01 PURCHASE 2014-10   3,326 1,555     1,771  
    COMCAST CORP 2012-01 PURCHASE 2014-10   8,997 4,295     4,702  
    WALT DISNEY 2013-04 PURCHASE 2014-10   8,769 5,999     2,770  
    DODGE & COX INCOME 2013-01 PURCHASE 2014-10   9,400 9,373     27  
    DODGE & COX INCOME 2012-03 PURCHASE 2014-10   13,065 12,868     197  
    EMC CORP 2013-01 PURCHASE 2014-04   537 496     41  
    EATON VANCE FLOATING 2013-01 PURCHASE 2014-10   39,389 40,000     -611  
    EMERSON ELECTRIC 2012-01 PURCHASE 2014-04   10,279 7,477     2,802  
    EMERSON ELECTRIC 2012-01 PURCHASE 2014-04   6,853 4,806     2,047  
    GENERAL ELECTRIC 2012-01 PURCHASE 2014-04   3,453 2,453     1,000  
    GENERAL ELECTRIC 2012-01 PURCHASE 2014-04   5,976 4,279     1,697  
    GENERAL ELECTRIC 2012-01 PURCHASE 2014-10   5,511 4,151     1,360  
    GILEAD SCIENCES 2012-01 PURCHASE 2014-10   5,395 1,110     4,285  
    GILEAD SCIENCES 2012-01 PURCHASE 2014-10   10,251 1,992     8,259  
    GOLDMAN SACHS 2013-04 PURCHASE 2014-10   6,313 5,071     1,242  
    GOOGLE INC 2012-06 PURCHASE 2014-10   5,820 2,857     2,963  
    GOOGLE INC 2013-01 PURCHASE 2014-10   5,820 3,796     2,024  
    HARBOR INTERNATION FD 2012-05 PURCHASE 2014-10   3,979 3,149     830  
    HARBOR INTERNATION FD 2012-09 PURCHASE 2014-10   2,193 1,936     257  
    HARBOR INTERNATION FD 2012-09 PURCHASE 2014-10   6,645 6,000     645  
    HARBOR CAPITAL APRCTON 2013-01 PURCHASE 2014-10   13,100 10,000     3,100  
    OAKMARK INTERNATIONAL 2012-05 PURCHASE 2014-10   9,471 6,408     3,063  
    HOME DEPOT 2012-01 PURCHASE 2014-10   9,834 4,559     5,275  
    HOME DEPOT 2012-01 PURCHASE 2014-10   9,366 4,265     5,101  
    HONEYWELL INTERNATIONAL 2012-01 PURCHASE 2014-10   8,631 5,286     3,345  
    HONEYWELL INTERNATIONAL 2012-01 PURCHASE 2014-10   9,085 5,768     3,317  
    ISHARES S&P MIDCAP 2012-05 PURCHASE 2014-10   1,941 1,356     585  
    ISHARES S&P MIDCAP 2012-08 PURCHASE 2014-10   10,152 7,159     2,993  
    JPMORGAN CHASE 2012-01 PURCHASE 2014-10   1,742 1,057     685  
    JOHNSON & JOHNSON 2012-01 PURCHASE 2014-10   5,751 3,574     2,177  
    JOHNSON & JOHNSON 2012-01 PURCHASE 2014-10   10,980 6,831     4,149  
    MCKESSON CORP 2012-01 PURCHASE 2014-10   5,962 2,365     3,597  
    MCKESSON CORP 2012-01 PURCHASE 2014-10   4,173 1,610     2,563  
    MCKESSON CORP 2012-01 PURCHASE 2014-10   3,975 1,583     2,392  
    MICROSOFT CORP 2012-01 PURCHASE 2014-04   599 446     153  
    MICROSOFT CORP 2012-01 PURCHASE 2014-10   4,979 3,178     1,801  
    MONSTER BEVERAGE 2013-04 PURCHASE 2014-10   4,311 2,477     1,834  
    ORACLE CORPORATION 2012-01 PURCHASE 2014-10   4,851 3,566     1,285  
    ORACLE CORPORATION 2012-01 PURCHASE 2014-10   6,093 4,228     1,865  
    PIMCO TOTAL RET 2013-01 PURCHASE 2014-10   12,590 12,925     -335  
    PIMCO TOTAL RET 2012-03 PURCHASE 2014-10   15,189 15,523     -334  
    PIMCO HIGH YIELD 2012-03 PURCHASE 2014-10   7,745 7,574     171  
    PIMCO FOREIGN BD FD 2012-12 PURCHASE 2014-10   1,219 1,199     20  
    PIMCO FOREIGN BD FD 2012-08 PURCHASE 2014-10   2,401 2,375     26  
    PIMCO EMERGING MKTS BD 2012-09 PURCHASE 2014-10   1,152 1,292     -140  
    PIMCO EMERGING MKTS BD 2012-12 PURCHASE 2014-10   37 43     -6  
    PIMCO EMERGING MKTS BD 2012-03 PURCHASE 2014-10   1,893 2,028     -135  
    PIMCO EMERGING MKTS BD 2012-08 PURCHASE 2014-10   16,360 18,139     -1,779  
    PRINCIPAL PREFERRED SEC-INS 2012-08 PURCHASE 2014-10   144 141     3  
    PRINCIPAL PREFERRED SEC-INS 2012-03 PURCHASE 2014-10   31 28     3  
    PRINCIPAL PREFERRED SEC-INS 2012-09 PURCHASE 2014-10   16,325 16,388     -63  
    PROCTER & GAMBLE 2012-01 PURCHASE 2014-01   6,057 4,872     1,185  
    PROCTER & GAMBLE 2012-01 PURCHASE 2014-01   6,461 5,322     1,139  
    PROCTER & GAMBLE 2012-01 PURCHASE 2014-01   6,057 4,924     1,133  
    ROYCE PREMIER FUND 2012-12 PURCHASE 2014-10   3,428 2,996     432  
    ROYCE PREMIER FUND 2012-05 PURCHASE 2014-10   1,070 916     154  
    ROYCE PREMIER FUND 2012-09 PURCHASE 2014-10   1,746 1,600     146  
    TOTAL FINA ELF 2013-01 PURCHASE 2014-04   683 549     134  
    TOTAL FINA ELF 2013-04 PURCHASE 2014-10   180 147     33  
    TOTAL FINA ELF 2013-01 PURCHASE 2014-10   5,705 5,216     489  
    UNITED TECHNOLOGIES 2012-01 PURCHASE 2014-10   5,103 3,743     1,360  
    UNITEDHEALTH GROUP 2012-01 PURCHASE 2014-10   4,228 2,597     1,631  
    VOYA INTL RL EST 2012-03 PURCHASE 2014-10   6,302 5,717     585  
    VOYA INTL RL EST 2012-05 PURCHASE 2014-10   1,555 1,276     279  
    ACE LIMITED 2012-01 PURCHASE 2014-01   7,329 5,234     2,095  
    ACE LIMITED 2012-01 PURCHASE 2014-01   7,329 5,380     1,949  
    ACE LIMITED 2012-01 PURCHASE 2014-01   4,886 3,484     1,402  
    HARBOR INTERNATIONAL FD INST 2011-03 PURCHASE 2014-10   18,279 16,355     1,924  
    HARBOR INTERNATIONAL FD INST 2011-02 PURCHASE 2014-10   11,402 10,576     826  
    HARBOR INTERNATIONAL FD INST 2010-12 PURCHASE 2014-10   13,223 11,718     1,505  
    HARBOR INTERNATIONAL FD INST 2010-11 PURCHASE 2014-10   19,811 17,500     2,311  
    HARBOR INTERNATIONAL FD INST 2009-06 PURCHASE 2014-10   1,199 770     429  
    HARBOR INTERNATIONAL FD INST 2009-07 PURCHASE 2014-10   1,685 1,131     554  
    HARBOR INTERNATIONAL FD INST 2009-05 PURCHASE 2014-10   3,914 2,415     1,499  
    OAKMARK INTERNATIONAL 2011-03 PURCHASE 2014-10   112,319 88,729     23,590  
    ISHARES S&P MIDCAP 2011-10 PURCHASE 2014-10   51,955 33,989     17,966  
    ISHARES S&P MIDCAP 2011-11 PURCHASE 2014-10   24,783 16,624     8,159  
    ISHARES RUSSELL 2000 GROWTH 2007-02 PURCHASE 2014-10   16,738 10,921     5,817  
    ISHARES RUSSELL 2000 GROWTH 2010-08 PURCHASE 2014-10   46,891 24,490     22,401  
    PIMCO TOTAL RET FD-INST 2011-02 PURCHASE 2014-10   9,551 9,481     70  
    PIMCO TOTAL RET FD-INST 2010-12 PURCHASE 2014-10   4,213 4,174     39  
    PIMCO TOTAL RET FD-INST 2008-12 PURCHASE 2014-10   3,606 3,276     330  
    PIMCO TOTAL RET FD-INST 2008-12 PURCHASE 2014-10   2,054 1,866     188  
    PIMCO TOTAL RET FD-INST 1985-01 PURCHASE 2014-10   28,506 28,349     157  
    PIMCO TOTAL RET FD-INST 2010-12 PURCHASE 2014-10   9,924 9,769     155  
    PIMCO HIGH YIELD FD INST 2011-03 PURCHASE 2014-10   2,289 2,270     19  
    PIMCO HIGH YIELD FD INST 2010-12 PURCHASE 2014-10   6,403 6,235     168  
    PIMCO HIGH YIELD FD INST 2010-08 PURCHASE 2014-10   3,078 2,939     139  
    PIMCO HIGH YIELD FD INST 2008-05 PURCHASE 2014-10   19,098 18,798     300  
    PIMCO HIGH YIELD FD INST 2011-12 PURCHASE 2014-10   88 83     5  
    PIMCO FOREIGN BD FD 2007-06 PURCHASE 2014-10   2,592 2,302     290  
    PIMCO EMERGING MKTS BD 2008-12 PURCHASE 2014-10   615 442     173  
    PIMCO EMERGING MKTS BD 2008-05 PURCHASE 2014-10   32,087 30,919     1,168  
    PRINCIPAL PREFERRED SEC-INS 2011-03 PURCHASE 2014-10   38,316 37,066     1,250  
    ROYCE PREMIER FUND 2007-12 PURCHASE 2014-10   7,416 6,036     1,380  
    ROYCE PREMIER FUND 2007-12 PURCHASE 2014-10   1,667 1,357     310  
    ROYCE PREMIER FUND 2011-12 PURCHASE 2014-10   4,210 3,592     618  
    ROYCE PREMIER FUND 2011-03 PURCHASE 2014-10   9,122 8,957     165  
    ROYCE PREMIER FUND 2010-12 PURCHASE 2014-10   2,433 2,307     126  
    ROYCE PREMIER FUND 2008-12 PURCHASE 2014-10   790 419     371  
    ROYCE PREMIER FUND 2010-06 PURCHASE 2014-10   11,643 8,975     2,668  
    ROYCE PREMIER FUND 2010-12 PURCHASE 2014-10   291 267     24  
    ROYCE PREMIER FUND 2008-12 PURCHASE 2014-10   12 7     5  
    VOYA INTL RL EST 2009-06 PURCHASE 2014-10   9,102 7,229     1,873  
    VOYA INTL RL EST 2009-07 PURCHASE 2014-10   1,421 1,188     233  
    VOYA INTL RL EST 2009-05 PURCHASE 2014-10   10,539 7,524     3,015  
    WELLS FARGO ADV EMG 2005-11 PURCHASE 2014-10   281 205     76  
    WELLS FARGO ADV EMG 2005-11 PURCHASE 2014-10   5,178 3,774     1,404  
    WELLS FARGO ADV EMG 2008-12 PURCHASE 2014-10   14,056 6,385     7,671  
    WELLS FARGO ADV EMG 2005-08 PURCHASE 2014-10   2,704 1,990     714  
    POWERSHARES DB COMMODITY 2013-10 PURCHASE 2014-10   11,453 13,136     -1,683  
    POWERSHARES DB COMMODITY 2013-06 PURCHASE 2014-10   44,165 48,810     -4,645  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    PATRICK FAMILY FOUNDATION
    EIN: 20-3309379
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DODGE & COX INCOME FUND 59,215 64,693
    DREYFUS EMERGING MARKETS 54,100 48,805
    DREYFUS INTERNATIONAL BOND FUND 16,200 15,598
    EATON VANCE FLOATING RATE FUND    
    FIDELITY ADVISORS EMERGING MARKETS 32,400 30,676
    JPMORGAN HIGH YIELD 77,345 75,670
    PIMCO EMERGING MARKETS BOND FUND    
    PIMCO FOREIGN BOND FUND HEDGED 14,146 15,729
    PIMCO HIGH YIELD FUND    
    PIMCO TOTAL RETURN FUND    
    PRINCIPAL PREFERRED SECURITIES FUND    
    T ROWE PRICE INSTITUTIONAL 32,400 32,080
    T ROWE PRICE SHORT TERM BOND 43,300 42,938
    VANGUARD TOTAL BOND 64,733 64,908
    WESTERN ASSET CORE PLUS BOND    

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    PATRICK FAMILY FOUNDATION
    EIN: 20-3309379
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CORP    
    ACE LIMITED    
    AFFILIATED MANAGERS GROUP INC COM 6,216 8,914
    AFLAC INC    
    ANHEUSER-BUSH INBEV SPN 4,822 8,986
    APACHE CORP 7,107 5,076
    APPLE INC 12,428 22,849
    ARTISAN MID CAP VALUE FUND 90,104 87,823
    ARTISON INTERNATIONAL 129,800 135,546
    BAXTER INTL INC 7,425 8,208
    BERKSHIRE HATHAWA INC 9,797 15,465
    BHP BILLITON LIMITED    
    BLACKROCK INC 6,023 6,794
    BOEING CO 6,558 6,499
    CAPITAL ONE CINANCIAL CORP    
    CELANESE CORP 7,909 9,414
    CEVRON CORP    
    CISCO SYSTEMS INC 8,654 11,933
    CITIGROUP INC 9,570 10,822
    CME GROUP INCE 6,925 10,106
    COACH    
    COMCAST CORP CLASS A 5,203 12,124
    CUMMINS INC 10,554 11,534
    CVS/CAREMARK CORPORATION 8,328 12,231
    DIAGO PLC ADR 5,511 5,933
    DODGE & COX INTERNATIONAL 129,800 128,037
    EATON CORP 6,998 7,476
    E M C CORP MASS 9,470 11,361
    EMERSON ELECTRIC CO    
    GENERAL ELECTRIC CO    
    GILEAD SCIENCES INC 1,572 7,070
    GOLDMAN SCAHS GROUP INC 5,369 6,978
    GOOGLE INC 6,631 10,528
    HARBOR CAPITAL APPRECIATION FUND    
    HARBOR INTERNATIONAL FUND CLASS    
    HOME DEPOT INC    
    HONEYWELL INTERNATIONAL INC    
    HSBC 9,408 8,265
    HSBC FRONTIER MARKETS FUND CLASS    
    INTERNATIONAL BUSINESS MACHS CORP 5,120 4,492
    ISHARES RUSSELL 2000 GROWTH INDEX FU    
    ISHARES SP MIDCAP 400 GROWTH    
    JOHNSON & JOHNSON    
    JOHNSON CONTROLS INC 9,107 11,602
    JPMORGAN CHASE & CO 6,798 11,953
    JPMORGAN MID CAP VALUE 88,700 91,483
    KALMAR GROWTH WITH VALUE 60,600 64,516
    LAS VEGAS SANDS CORP 8,037 7,561
    MCKESSON CORP 4,141 11,209
    MICROSOFT CORP 5,993 9,894
    MONSTER BEVERAGE CORP 4,425 6,934
    NATIONAL OIL WELL CARCO INC COM 10,363 9,436
    NESTLE SA REGISTERED SHARES 7,314 7,295
    OAKMARK FUNDS - THE OAKMARK INTERNAT    
    OPPENHEIMER DEVELOPING MKT 213,374 203,967
    ORACLE CORPORATION 4,827 8,230
    PROCTER & GAMBLE CO    
    RIDGEWORTH FD-MIDCAP VALUE EQUITY    
    ROYCE PREMIER FUND W CLASS566    
    SCHLUMBERGER LTD 10,850 11,530
    STRATTON SMALL CAP 60,600 64,754
    TARGET CORP 8,095 12,525
    THERMO FISHER SCIENTIFIC 3,574 3,759
    TJX COS INC NEW 7,648 10,836
    TOTAL SA 5,484 5,734
    UNION PACIFIC CORP 10,160 16,678
    UNITED HEALTH GROUP INC 7,628 14,759
    UNITED PARCEL SERVICE 6,348 8,338
    UNITED TECHNOLOGIES CORP    
    US BANCORP DEL NEW 6,793 9,170
    WALT DISNEY CO 6,781 12,905
    WELLS FARGO ADVANTAGE    

    TY 2014 InvestmentsOtherSchedule2
    Name:
    PATRICK FAMILY FOUNDATION
    EIN: 20-3309379
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AQR MANAGED FUTURES AT COST 32,400 32,864
    ASG GLOBAL ALTERNATIVES FUND CLASS AT COST 67,575 66,478
    DRIEHAUS ACTIVE INCOME FUND AT COST 44,275 42,744
    NEUBERGER BERMAN LONG SHORT FUND AT COST 43,300 44,749
    PRINCIPAL GLOBAL MULTI AT COST 21,600 21,679
    ROBECO BOSTON PARTNERS LONG/SHORT AT COST 31,042 33,519
    THE MERGER FUND AT COST 32,400 31,510
    ING INTERNATIONAL REAL ESTATE AT COST    
    CREDIT SUISSE COMMODITY RETURN AT COST 86,500 76,563
    WILSHIRE INTERNATIONAL AT COST 87,812 88,752
    POWERSHARES DB COMMODITY INDEX AT COST    
    VANGUARD REIT VIPER AT COST 82,783 97,524

    TY 2014 OtherDecreasesSchedule
    Name:
    PATRICK FAMILY FOUNDATION
    EIN: 20-3309379
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    PATRICK FAMILY FOUNDATION
    EIN: 20-3309379
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT FEES 21,423 19,209   2,213
    INVESTMENT EXPENSES-K-1 451 451    


    TY 2014 OtherIncomeSchedule2
    Name:
    PATRICK FAMILY FOUNDATION
    EIN: 20-3309379
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    UNDISTRIBUTED DIVIDENDS 1,424   1,424


    TY 2014 TaxesSchedule
    Name:
    PATRICK FAMILY FOUNDATION
    EIN: 20-3309379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,072 1,072