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
SALVITTI FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)750 EAST BEAU STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, PA15301
A Employer identification number

25-1755617
B Telephone number (see instructions)

(412) 762-2950
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$10,492,061J 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).............. 978,875
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 231,464 232,304  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 529,711
b Gross sales price for all assets on line 6a 7,186,124
7 Capital gain net income (from Part IV, line 2)... 529,711
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 5,515 -2,500  
12 Total. Add lines 1 through 11........ 1,745,565 759,515  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 38,417 38,417   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,719 148   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......   4,076    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,136 42,641 0 0
25 Contributions, gifts, grants paid........ 729,650 729,650
26 Total expenses and disbursements. Add lines 24 and 25 776,786 42,641 0 729,650
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 968,779
b Net investment income (if negative, enter -0-) 716,874
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 533,263 997,786 997,786
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 329,552 Click to see attachment408,294 403,436
b Investments—corporate stock (attach schedule)........ 3,279,459 Click to see attachment3,619,341 5,314,893
c Investments—corporate bonds (attach schedule)........ 2,008,828 Click to see attachment1,011,455 986,958
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,114,793 Click to see attachment2,718,729 2,788,988
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) 8,265,895 8,755,605 10,492,061
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......... 8,265,895 8,755,605
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 8,265,895 8,755,605
31 Total liabilities and net assets/fund balances (see instructions).. 8,265,895 8,755,605
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 8,265,895
2 Enter amount from Part I, line 27a..................... 2 968,779
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 2
4 Add lines 1, 2, and 3.......................... 4 9,234,676
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 479,071
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 8,755,605
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 700. EOG RES INC   2013-09-23 2014-01-10
b 2000. ISHARES MSCI EMERGING MKTS INDEX FUND   2009-05-27 2014-01-10
c 1800. ROCK-TENN CO CL A   2013-10-01 2014-01-10
d 600. 3M COMPANY COM   2012-06-28 2014-01-10
e 65000. USA TREASURY NOTES TREASURY INFLATION PROTECTN SECS   2010-08-20 2014-01-10
500. FEDFIRST FINL CORP   2010-09-03 2014-01-14
500. FEDFIRST FINL CORP   2010-09-03 2014-01-17
500. FEDFIRST FINL CORP   2010-09-03 2014-01-22
1500. SANOFI SPONSORED ADR   2013-02-07 2014-01-22
50000. DUKE ENERGY CORP SR NTS   2012-08-28 2014-02-01
300000. WAL-MART STORES INC SR UNSECURED   2009-11-03 2014-02-03
500. FEDFIRST FINL CORP   2010-09-03 2014-02-06
100000. METLIFE INC SR UNSEC   2010-08-17 2014-02-06
400. FEDFIRST FINL CORP   2010-09-03 2014-02-13
1000. PHILIP MORRIS INTERNAT-W/I   2010-06-25 2014-02-18
2000. D R HORTON INC   2013-12-06 2014-02-21
600. FEDFIRST FINL CORP   2010-09-03 2014-02-24
500. JAZZ PHARMACEUTICALS PLC SEDOL B4Q5ZN4   2013-08-15 2014-02-24
500. FEDFIRST FINL CORP   2010-09-03 2014-02-28
50000. HEWLETT PACKARD CO NOTES   2012-07-03 2014-03-01
4000. HERTZ GLOBAL HOLDINGS INC   2013-10-15 2014-03-03
1500. SPDR GOLD TRUST ETF   2008-09-23 2014-03-04
250000. USA TREASURY NOTES 01.250% DUE 03/15/2014   2013-08-15 2014-03-15
2300. CITIGROUP INC   2012-12-20 2014-04-01
3000. D R HORTON INC   2013-12-06 2014-04-01
800. FEDFIRST FINL CORP   2010-09-03 2014-04-01
300. JAZZ PHARMACEUTICALS PLC SEDOL B4Q5ZN4   2013-07-09 2014-04-01
1100. ALLERGAN INC   2010-10-12 2014-04-08
3000. VANGUARD FTSE ALL WORLD EX-US INDEX FUND   2014-01-10 2014-04-08
400. HERSHEY FOODS CORP COM   2013-12-02 2014-04-10
100. HERSHEY FOODS CORP COM   2012-05-25 2014-04-10
5500. KKR & CO LP   2014-04-01 2014-04-17
75000. SOUTHERN CO SR UNSEC   2012-08-28 2014-05-15
150000. AMERICAN EXPRESS CO SR UNSEC   2011-12-21 2014-05-20
300. M&T BK CORP   2013-05-24 2014-05-21
1000. WELLS FARGO & CO NEW COM   2014-04-08 2014-05-21
200. KIMBERLY-CLARK CORP COM   2013-08-22 2014-05-23
400. JAZZ PHARMACEUTICALS PLC SEDOL B4Q5ZN4   2013-07-09 2014-05-23
300000. MICROSOFT CORP SR UNSEC   2009-10-26 2014-06-01
1. BROADCOM CORP   2001-01-01 2014-06-02
1. BROADCOM CORP   2001-01-01 2014-06-09
700. FEDFIRST FINL CORP   2010-09-03 2014-06-11
75000. GOLDMAN SACHS EEM NOTE 20% BUFFER 144.2%CAP 120% PARTIC   2010-11-29 2014-06-11
800. HERSHEY FOODS CORP COM   2012-05-25 2014-06-11
75000. BANK OF AMERICA CORP SR NTS   2014-02-06 2014-06-15
1000. MARATHON PETROLEUM CORP   2014-02-24 2014-06-25
1000. VALERO ENERGY CORP NEW COM   2014-05-23 2014-06-25
1000. DELTA AIR LINES INC   2013-10-01 2014-07-02
2000. VALERO ENERGY CORP NEW COM   2014-04-01 2014-07-02
300000. ORACLE CORP SR UNSEC   2009-11-03 2014-07-08
700. SHIRE PLC SPONSORED ADR   2014-04-10 2014-07-25
300000. USA TREASURY NOTES 00.500% DUE 08/15/2014   2014-06-06 2014-08-15
49117.377 T ROWE PRICE SHORTTERM BD FD INC   2011-08-29 2014-08-19
22778.634 FIDELITY ADVISOR FLOATING HIGH INCOME FUND I   2012-08-20 2014-08-28
5015.045 FIDELITY ADVISOR FLOATING HIGH INCOME FUND I   2014-02-06 2014-08-28
1. MOTOROLA INC   2001-01-01 2014-09-04
1. TOYOTA MTR CORP ADR 2 COM   2001-01-01 2014-09-08
1. CIT GROUP INC NEW   2001-01-01 2014-09-23
175. APPLE INC   2013-03-20 2014-09-25
300. APPLE INC   2013-05-24 2014-09-25
600. DELTA AIR LINES INC   2013-08-21 2014-09-25
100. VISA INC CLASS A SHARES   2013-05-24 2014-09-25
400. DELTA AIR LINES INC   2013-08-21 2014-10-01
300. DU PONT E I DE NEMOURS & CO   2013-05-24 2014-10-01
300. HOME DEPOT INC COM   2013-05-24 2014-10-01
1000. JOHNSON CONTROLS INC   2013-08-22 2014-10-01
100. VISA INC CLASS A SHARES   2013-06-06 2014-10-01
1300. UNITED RENTALS INC COM   2014-06-25 2014-10-07
375. APPLE INC   2013-05-24 2014-10-09
300. HOME DEPOT INC COM   2013-02-25 2014-10-09
3000. J P MORGAN CHASE & CO COM   2014-01-15 2014-10-09
300. QUALCOMM   2013-03-06 2014-10-09
100. VISA INC CLASS A SHARES   2013-06-06 2014-10-09
200. JAZZ PHARMACEUTICALS PLC SEDOL B4Q5ZN4   2013-07-09 2014-10-09
1500. SKYWORKS SOLUTIONS INC COM   2014-10-01 2014-10-10
1500. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7   2014-07-02 2014-10-10
1. DELL COMPUTER CORP NAME CHG 7/22/03 SEE 24702R101   2001-01-01 2014-10-24
500. DU PONT E I DE NEMOURS & CO   2013-05-24 2014-11-03
1500. JOHNSON CONTROLS INC   2013-08-22 2014-11-03
4428.698 PIMCO UNCONSTRAINED BOND FUND INSTITUTIONAL CLASS   2014-06-02 2014-11-03
15506.644 PIMCO UNCONSTRAINED BOND FUND INSTITUTIONAL CLASS   2013-03-06 2014-11-03
100. HALYARD HEALTH INC-W/I   2012-07-11 2014-11-19
100000. VERIZON COMMUNICATIONS SR UNSEC ST CONVENTION   2013-06-24 2014-11-24
150000. CONSOLIDATED NATURAL GAS SR NOTES   2012-07-02 2014-12-01
1500. EOG RES INC   2014-04-08 2014-12-01
1500. LYONDELLBASELL INDUSTRIES N.V. ISIN NL0009434992 SEDOL B3SPXZ3   2013-08-19 2014-12-10
500. CELGENE CORP   2014-02-18 2014-12-23
400. GILEAD SCIENCES INC COM   2014-12-01 2014-12-23
300000. USA TREASURY NOTES 02.625% DUE 12/31/2014   2014-08-19 2014-12-31
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 116,604   118,712 -2,108
b 80,539   69,144 11,395
c 181,923   185,861 -3,938
d 81,575   51,907 29,668
e 82,764   77,644 5,120
9,747   5,000 4,747
9,735   5,000 4,735
9,739   5,000 4,739
77,418   67,031 10,387
50,000   53,617 -3,617
300,000   305,289 -5,289
9,972   5,000 4,972
100,000   100,580 -580
7,995   4,000 3,995
80,809   46,830 33,979
46,719   38,420 8,299
11,875   6,000 5,875
86,638   39,550 47,088
9,920   5,000 4,920
50,000   53,392 -3,392
107,179   92,599 14,580
192,702   132,182 60,520
250,000   251,107 -1,107
110,647   92,437 18,210
66,089   57,630 8,459
16,049   8,000 8,049
42,275   21,815 20,460
134,076   74,377 59,699
150,477   150,653 -176
39,639   38,596 1,043
9,910   6,776 3,134
128,815   126,992 1,823
75,000   78,586 -3,586
150,000   163,785 -13,785
35,879   31,262 4,617
49,569   48,640 929
22,134   18,826 3,308
54,117   29,086 25,031
300,000   302,770 -2,770
26     26
78     78
15,173   7,000 8,173
75,000   75,000  
77,407   54,208 23,199
75,000   75,000  
80,857   88,365 -7,508
51,299   54,610 -3,311
38,239   24,000 14,239
101,392   109,085 -7,693
300,000   310,736 -10,736
177,513   104,303 73,210
300,000   300,000  
235,272   237,806 -2,534
226,192   225,000 1,192
49,799   50,000 -201
36     36
45   25 20
8     8
17,277   11,294 5,983
29,618   19,043 10,575
22,080   11,802 10,278
21,101   18,030 3,071
13,928   7,868 6,060
21,000   16,578 4,422
27,332   23,730 3,602
43,932   40,690 3,242
20,986   17,716 3,270
133,344   136,481 -3,137
37,945   25,961 11,984
27,953   21,050 6,903
177,566   177,690 -124
22,251   19,985 2,266
20,828   17,716 3,112
31,038   14,543 16,495
69,200   80,614 -11,414
83,038   100,385 -17,347
113     113
34,583   26,886 7,697
71,728   61,035 10,693
49,956   50,000 -44
174,915   178,485 -3,570
3,815   2,865 950
103,356   101,610 1,746
150,000   158,623 -8,623
128,869   146,715 -17,846
111,791   102,704 9,087
53,039   41,352 11,687
35,087   40,728 -5,641
300,000   300,000  
      6,590
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       -2,108
b       11,395
c       -3,938
d       29,668
e       5,120
      4,747
      4,735
      4,739
      10,387
      -3,617
      -5,289
      4,972
      -580
      3,995
      33,979
      8,299
      5,875
      47,088
      4,920
      -3,392
      14,580
      60,520
      -1,107
      18,210
      8,459
      8,049
      20,460
      59,699
      -176
      1,043
      3,134
      1,823
      -3,586
      -13,785
      4,617
      929
      3,308
      25,031
      -2,770
      26
      78
      8,173
       
      23,199
       
      -7,508
      -3,311
      14,239
      -7,693
      -10,736
      73,210
       
      -2,534
      1,192
      -201
      36
      20
      8
      5,983
      10,575
      10,278
      3,071
      6,060
      4,422
      3,602
      3,242
      3,270
      -3,137
      11,984
      6,903
      -124
      2,266
      3,112
      16,495
      -11,414
      -17,347
      113
      7,697
      10,693
      -44
      -3,570
      950
      1,746
      -8,623
      -17,846
      9,087
      11,687
      -5,641
       
       
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 2 529,711
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 567,552 9,041,161 0.062774
2012 357,444 8,911,771 0.040109
2011 405,329 8,172,281 0.049598
2010 347,092 7,394,610 0.046939
2009 441,792 7,080,349 0.062397
2 Total of line 1, column (d) ...................... 2 0.261817
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 0.052363
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 9,524,490
5 Multiply line 4 by line 3....................... 5 498,731
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,169
7 Add lines 5 and 6......................... 7 505,900
8 Enter qualifying distributions from Part XII, line 4.............. 8 729,650
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 7,169
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 7,169
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 7,169
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 7,219
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,081
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,300
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 30
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 2,101
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,793 RefundedBullet 11 308
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)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    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 ofbulletPNC BANK NA AGENT Telephone no.bullet (412) 762-2950
    Located atbullet620 LIBERTY AVENUE 10TH FLOORPITTSBURGHPA ZIP+4bullet15222
    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
     
    No
    .........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
    DIANE C GARDNER SECRETARY
    1     		0    
    TOWNHOUSE SQUARE E-109 1101 S COL
    MARCO ISLAND,FL34145
    E RONALD SALVITTI II VICE PRESIDENT
    1     		0    
    600 LEMOYNE AVENUE EXT
    WASHINGTON,PA15301
    E RONALD SALViTTI MD PRESIDENT
    1     		0    
    600 LEMOYNE AVENUE EXT
    WASHINGTON,PA15301
    RAYMOND J POPECK TREASURER
    1     		0    
    96 NORTH MAIN STREET
    WASHINGTON,PA15301
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,669,533
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,669,533
    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
    9,669,533
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    145,043
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,524,490
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    476,225
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    476,225
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    7,169
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,169
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    469,056
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    469,056
    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
    469,056
    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
    729,650
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    729,650
    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
    7,169
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    722,481
    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 7 469,056
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 307,830
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 0
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 729,650
    a Applied to 2013, but not more than line 2a 307,830
    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..... 421,820
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		47,236
    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) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    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).)
    E RONALD SALVITTI MD
    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
    STEPS TO INDEPENDENCE
    300 CEDAR RIDGE DRIVE
    PITTSBURGH,PA15205     		NONE PC GENERAL SUPPORT 5,000
    WASHINGTON COUNTY COMMUNITY FDN
    331 S MAIN STREET
    WASHINGTON,PA15301     		NONE PC MAIN STREET FARMERS MARKET 16,500
    ITALIAN AMERICAN CULTURAL INSTITUTE
    PO BOX 100154
    PITTSBURGH,PA15212     		NONE PC GENERAL SUPPORT 1,250
    IMMACULATE CONCEPTION CHURCH
    300 EDMOND ST
    PITTSBURGH,PA15224     		NONE PC GENERAL SUPPORT 150,000
    SOUTH STRABANE FIRE DEPARTMENT
    550 WASHINGTON ROAD
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 10,000
    EYE AND EAR FOUNDATION
    203 LOTHROP ST
    PITTSBURGH,PA15213     		NONE PC GENERAL SUPPORT 125,000
    TEMPLE SCHOOL OF MEDICINE
    3500 N BROAD ST
    PHILADELPHIA,PA19140     		NONE PC JOHN DALY MERIT SCHOLARSHIP 150,000
    ST LOUISE DEMARILLAC SCHOOL
    312 MCMURRAY ROAD
    PITTSBURGH,PA15241     		NONE PC GENERAL SUPPORT 20,000
    DOMESTIC VIOLENCE SERVICES OF SWPA
    308 EAST MAIDEN STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 10,000
    LAUREL HIGHLANDS COUNCIL
    BOY SCOUTS OF AMERICA
    1275 BEDFORD AVENUE
    PITTSBURGH,PA15219     		NONE PC GENERAL SUPPORT 1,500
    WASHINGTON SYMPHONY ORCHESTRA
    1225 I STREET NW SUITE 110
    WASHINGTON,DC20005     		NONE PC GENERAL SUPPORT 2,000
    PITTSBURGH SYMPHONY ORCHESTRA
    600 PENN AVENUE
    PITTSBURGH,PA15222     		NONE PC 2014-2015 EDUCATION 1,000
    WASHINGTON CITY MISSION
    84 WEST WHEELING ST
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 7,500
    WASHINGTON HOSPITAL HOSPICE CARE
    155 WILSON AVENUE
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 5,000
    WASHINGTON HOSPITAL FDN
    155 WILSON AVENUE
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 7,500
    WASHINGTON WOMEN'S SHELTER
    PO BOX 503
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 10,000
    YMCA OF GREATER PITTSBURGH
    236 FIFTH AVENUE
    PITTSBURGH,PA15222     		NONE PC GENERAL SUPPORT 10,000
    WASHINGTON AND JEFFERSON COLLEGE
    60 S LINCOLN STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 30,000
    UPMC LIVER CANCER CENTER
    3459 FIFTH AVENUE
    PITTSBURGH,PA15213     		NONE PC GENERAL SUPPORT 10,000
    THE FOUNDATION OF THE AMERICAN ACACDEMY
    OF OPHTHALMOLOGY
    655 BEACH STREET
    SAN FRANCISCO,CA941091336     		NONE PC GENERAL SUPPORT 2,500
    AMERICAN CANCER SOCIETY
    320 BILMAR DRIVE
    PITTSBURGH,PA15212     		NONE PC GENERAL SUPPORT 1,000
    AMERICAN HEART ASSOCIATION
    777 PENN CENTER BLVD STE 20
    PITTSBURGH,PA15235     		NONE PC GENERAL SUPPORT 1,000
    ARC WASHINGTON FOUNDATION
    201 S JOHNSON ROAD
    HOUSTON,PA15342     		NONE PC GENERAL SUPPORT 2,500
    ASCRS FOUNDATION
    4000 LEGATO ROAD
    FAIRFAX,VA22033     		NONE PC GENERAL SUPPORT 5,000
    BENTLEYVILLE PUBLIC LIBRARY
    931 MAIN STREET
    BENTLEYVILLE,PA15314     		NONE PC GENERAL SUPPORT 2,000
    BIG BROTHERS & BIG SISTERS OF GTR PITTSB
    58 E CHEERY AVE
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,000
    BRONSON HOUSE THE NEIGHBORHOOD
    1415 JEFFERSON AVE
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 5,000
    CALIFORNIA UNIVERSITY
    250 UNIVERSITY AVENUE
    CALIFORNIA,PA15419     		NONE PC GENERAL SUPPORT 2,500
    CASA FOR KIDS INC
    30 EAST BEAU STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,000
    CATHOLIC CHARITIES OF WASHINGTON COUNTY
    331 S MAIN STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 5,000
    CITIZEN'S LIBRARY
    55 SOUTH COLLEGE STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,000
    CLELIAN HEIGHTS
    135 CLELIAN HEIGHTS LN
    GREENSBURG,PA15601     		NONE PC GENERAL SUPPORT 4,000
    EXTRA MILE EDUCATION FOUNDATION
    111 BLVD OF THE ALLIES
    PITTSBURGH,PA152221618     		NONE PC GENERAL SUPPORT 5,000
    BLIND AND VISION REHABILITATION
    1800 WEST ST
    HOMESTEAD,PA15120     		NONE PC GENERAL SUPPORT 2,500
    JOHN F KENNEDY SCHOOL
    111 W SPRUCE STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 5,000
    JUNIOR ACHIEVEMENT
    120 MARSHALL DRIVE
    WARRENDALE,PA15086     		NONE PC GENERAL SUPPORT 2,000
    JUVENILE DIABETES FOUNDATION
    960 PENN AVENUE
    PITTSBURGH,PA15222     		NONE PC GENERAL SUPPORT 2,000
    MARIO LEMIEUX FOUNDATION
    1010 NEVELLEWOOD DRIVE
    PRESTO,PA15142     		NONE PC GENERAL SUPPORT 5,000
    MAKE A WISH
    707 GRANT STREET 37TH FLOOR
    PITTSBURGH,PA15219     		NONE PC GENERAL SUPPORT 3,900
    MEALS ON WHEELS WASHINGTON
    5901 E CAPITOL ST SE
    WASHINGTON,DC20019     		NONE PC GENERAL SUPPORT 2,000
    PITTSBURGH OPERA
    801 PENN AVENUE
    PITTSBURGH,PA15222     		NONE PC GENERAL SUPPORT 5,000
    THE SALVATION ARMY
    PO BOX 246
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 1,000
    SETON HILL UNIVERSITY
    SETON HILL DRIVE
    GREENSBURG,PA15601     		NONE PC GENERAL SUPPORT 10,000
    SETON HILL SISTERS OF CHARITY
    SETON HILL DRIVE
    GREENSBURG,PA15601     		NONE PC GENERAL SUPPORT 6,000
    SHADYSIDE ACADEMY
    423 FOX CHAPEL ROAD
    PITTSBURGH,PA15238     		NONE PC GENERAL SUPPORT 23,000
    ST VINCENT DEPAUL SOCIETY
    119 W CHESTNUT STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,000
    UNITED CEREBRAL PALSY OF SW PA
    655 JEFFERSON AVENUE
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,000
    WASHINGTON COUNTY HABITAT FOR HUMANITY
    1001 E MAIDEN ST
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 5,000
    WASHINGTON COUNTY HUMANE SOCIETY
    1527 PENNSYLVANIA 136
    EIGHTY FOUR,PA15330     		NONE PC GENERAL SUPPORT 2,000
    WASHINGTON GREATER COUNTY FOOD BANK
    1020 ROUTE 519
    EIGHTY FOUR,PA15330     		NONE PC GENERAL SUPPORT 10,000
    WASHINGTON CHRISTIAN OUTREACH
    440 FIRST STREET NW SUITE 600
    WASHINGTON,DC20001     		NONE PC GENERAL SUPPORT 5,000
    PITTSBURGH YOUTH BALLET COMPANY
    210 VALLEY BROOK RD
    MCMURRAY,PA15317     		NONE PC GENERAL SUPPORT 5,000
    WAYNESBURG UNIVERSITY
    51 W COLLEGE STREET
    WAYNESBURG,PA15370     		NONE PC GENERAL SUPPORT 5,000
    ST JOSEPH PARISH
    342 DORSEYVILLE ROAD
    PITTSBURGH,PA15215     		NONE PC GENERAL SUPPORT 3,500
    UNIVERSITY OF PITTSBURGH
    4200 5TH STREET
    PITTSBURGH,PA15213     		NONE PC GENERAL SUPPORT 1,500
    WATCHFUL SHEPHERD USA
    600 WATERDAM PLAZA STE 240
    MCMURRAY,PA15317     		NONE PC GENERAL SUPPORT 5,000
    OAKLAND CATHOLIC HIGH SCHOOL
    144 N CRAIG ST
    PITTSBURGH,PA15213     		NONE PC GENERAL SUPPORT 2,500
    Total .................................bullet 3a 729,650
    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
    aRECOVERY OF GRANTS         2,000
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 231,464  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 529,711  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFEDERAL TAX REFUND     14 3,515  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   764,690 2,000
    13Total. Add line 12, columns (b), (d), and (e)..................
    13766,690
    (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.)
    1A RECOVERY OF PRIOR YEAR GRANTS PAID
    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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    SALVITTI FAMILY FOUNDATION
     
    Employer identification number

    25-1755617
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    SALVITTI FAMILY FOUNDATION
          		Employer identification number

    25-1755617
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    DR E RONALD SALVITTI  
    750 E BEAU STREET
     
    WASHINGTON, PA153016661

    		$978,875


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    SALVITTI FAMILY FOUNDATION
          		Employer identification number

    25-1755617
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 1,400 SHARES OF JAZZ PHARMACEUTICALS PLC 700 SHARES OF JAZZ PHARMACEUTICALS PLC 2,400 SHARES OF CELG $ 978,875 2014-12-31
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    SALVITTI FAMILY FOUNDATION
          		Employer identification number

    25-1755617
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 1,011,455 986,958

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 3,619,341 5,314,893

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    US Government Securities - End of Year Book Value:

    408,294
    US Government Securities - End of Year Fair Market Value:

    403,436
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LIMITED PARTNERSHIPS AT COST 54,032 31,685
    MUTUAL FUNDS - FIXED AT COST 1,859,678 1,882,301
    MUTUAL FUNDS - EQUITY AT COST 553,714 632,399
    MUTUAL FUNDS - BALANCED AT COST 250,000 241,383
    OPTIONS AT COST 1,305 1,220

    TY 2014 OtherDecreasesSchedule
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    Description Amount
       
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PARTNERSHIP - EXPENSE   4,076   0


    TY 2014 OtherIncomeSchedule2
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND FROM PRIOR YEAR 3,515 0  
    RECOVERY OF GRANTS 2,000 0  
    DEUTSCHE BANK TOPIARY FUND II LP LTD PAR   -2,500  


    TY 2014 OtherIncreasesSchedule
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PNC AGENT FOR TRUSTEE FEES 38,417 38,417    


    TY 2014 SubstantialContributorsSch
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    Name Address
    DR E RONALD SALVITTI 750 E BEAU STREET
    WASHINGTON,PA153016661


    TY 2014 TaxesSchedule
    Name:
    SALVITTI FAMILY FOUNDATION
    EIN: 25-1755617
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 86 86   0
    FEDERAL TAX PAYMENT - PRIOR YE 1,670 0   0
    FEDERAL ESTIMATES - PRINCIPAL 6,963 0   0
    PARTNERSHIP - FOREIGN TAX PAID   62   0