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
MCLORAINE FAMILY
EDUCATIONAL TRUST

Number and street (or P.O. box number if mail is not delivered to street address)1400 E CENTRAL ROAD   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MT PROSPECT, IL60056
A Employer identification number

36-3196087
B Telephone number (see instructions)

(847) 255-0091
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$2,420,906J 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).............. 100
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 24,006 24,006 24,006
4 Dividends and interest from securities...... 68,926 66,762 68,926
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 160,878
b Gross sales price for all assets on line 6a 413,781
7 Capital gain net income (from Part IV, line 2)...  
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 106   106
12 Total. Add lines 1 through 11........ 254,016 90,768 93,038
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)......... Click to see attachment 3,585      
b Accounting fees (attach schedule)....... Click to see attachment 650      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,350      
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 717      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,302 0   0
25 Contributions, gifts, grants paid........ 120,000 120,000
26 Total expenses and disbursements. Add lines 24 and 25 126,302 0   120,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 127,714
b Net investment income (if negative, enter -0-) 90,768
c Adjusted net income (if negative, enter -0-)... 93,038
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............... 5,365 7,192 7,192
2 Savings and temporary cash investments.......... 5,467 121,965 121,965
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)........ 1,342,198 Click to see attachment1,426,704 1,713,129
c Investments—corporate bonds (attach schedule)........ 183,401 Click to see attachment183,401 216,446
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............. 154,313 107,106 107,106
13 Investments—other (attach schedule)........... 168,061 Click to see attachment140,151 255,068
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) 1,858,805 1,986,519 2,420,906
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,858,805 1,986,519
30 Total net assets or fund balances (see instructions)...... 1,858,805 1,986,519
31 Total liabilities and net assets/fund balances (see instructions).. 1,858,805 1,986,519
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 1,858,805
2 Enter amount from Part I, line 27a..................... 2 127,714
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,986,519
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,986,519
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  
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 126,579 2,398,808 0.052767
2012 126,032 2,295,710 0.054899
2011 78,000 2,119,857 0.036795
2010 107,836 2,022,009 0.053331
2009 57,000 1,809,044 0.031508
2 Total of line 1, column (d) ...................... 2 0.229300
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 0.045860
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 2,466,012
5 Multiply line 4 by line 3....................... 5 113,091
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 908
7 Add lines 5 and 6......................... 7 113,999
8 Enter qualifying distributions from Part XII, line 4.............. 8 120,000
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 1 908
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........................... 3 908
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- ..... 5 908
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 940
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.............. 7 940
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 32
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet32 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)
    bulletIL
    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. ...............................
    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 ofbulletDENNIS CARROLL Telephone no.bullet (847) 255-0091
    Located atbullet1507 E IRONWOODMT PROSPECTIL ZIP+4bullet600561525
    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
     
     
    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
     
    No
    .........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
    DENNIS CARROLL CHAIRMAN
    1.00     		0 0 0
    1507 E IRONWOOD
    MT PROSPECT,IL60056
    DAN ANSANI TRUSTEE
    1.00     		0 0 0
    2011 E CHINKAPIN OAK DRIVE
    MT PROSPECT,IL60056
    THOMAS MEYER SECRETARY
    1.00     		0 0 0
    741 MADELYN DR
    DES PLAINES,IL60016
    ROBERT MCLORAINE TRUSTEE
    1.00     		0 0 0
    637 AUBURN LN
    SCHAUMBURG,IL60193
    LEN MONDI TREASURER
    1.00     		0 0 0
    1630 BARBERRY LANE
    MT PROSPECT,IL60056
    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 TRUST PROVIDES SCHOLARSHIPS TO ASSIST STUDENTS IN DEFRAYING TUITION EXPENSES AS LISTED IN PART XV AND ATTACHED SCHEDULE. 120,000
    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
    2,324,448
    b
    Average of monthly cash balances.......................
    1b
    48,406
    c
    Fair market value of all other assets (see instructions)................
    1c
    130,711
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,503,565
    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
    2,503,565
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    37,553
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,466,012
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    123,301
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    123,301
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    908
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    908
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    122,393
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    122,393
    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
    122,393
    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
    120,000
    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
    120,000
    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
    908
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    119,092
    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 7 122,393
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 103,875
    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$ 120,000
    a Applied to 2013, but not more than line 2a 103,875
    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..... 16,125
    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 ..........     		106,268
    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 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
    ALBERTO KOVACEVIC
    563 NORTH MOUNT PROSPECT
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,336
    ALEX TORTORELLA
    2853 SWEET CLOVER WAY
    WAUCONDA,IL60084     		NONE   SCHOLARSHIP 2,010
    ANGELLA KILABO
    138 SIOUX AVE
    CARPENTERSVILLE,IL60110     		NONE   SCHOLARSHIP 1,900
    ANN MARIE MCALEER
    318 S MITCHELL
    ARLINGTON HEIGHTS,IL60005     		NONE   SCHOLARSHIP 3,800
    ARTHUR SOSIN
    701 E CEDAR LANE
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 2,010
    BRIANNA KAPKA
    1811 E WOOD LANE
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,336
    CATHERINE HAFNER
    18 S LOUIS STREET
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,335
    CHRISTIAN CRUZ
    661 EAST CHESTER ROAD
    WHEELING,IL60090     		NONE   SCHOLARSHIP 3,336
    CHRISTINE HELENICK
    610 NELSON LANE
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 2,010
    CIARA MCALEER
    318 SOUTH MITCHELL STREET
    ARLINGTON HEIGHTS,IL60005     		NONE   SCHOLARSHIP 3,800
    DANIEL HELWIG
    201 N STRATTON
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,335
    EMILY GOEBEL
    750 KENMARE DRIVE
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 2,010
    FRANCESCA LATORRACA
    1322 E MULBERRY LANE
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,800
    GINA PIERI
    2526 N WALNUT AVE
    ARLINGTON HEIGHTS,IL60004     		NONE   SCHOLARSHIP 3,336
    JAMES WOODS
    1110 E PALATINE ROAD
    PALATINE,IL60074     		NONE   SCHOLARSHIP 3,336
    JENNA MAY
    580 CLAYTON LANE
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 2,010
    JOHN HAFNER
    18 S LOUIS STREET
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,335
    JOHN URBAN
    195 N WOLF ROAD
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 3,800
    JULIA BERGSTROM
    1418 GREEN LANE
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,335
    KARLY MAY
    580 CLAYTON LANE
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 3,335
    KATHERINE CAPPUCCITTI
    1910 E PAWNEE LANE
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,336
    KATHERINE SOSIN
    701 E CEDAR LANE
    MOUNT PROSPECT,IL60056     		NONE   SCHOLARSHIP 1,900
    KATHERINE TORTORELLA
    2853 SWEET CLOVER WAY
    WAUCONDA,IL60084     		NONE   SCHOLARSHIP 3,336
    KELSEY O'BRIEN
    1768 E TANO LANE
    MOUNT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,800
    KENNETH YI
    2227 E AMHURST COURT
    ARLINGTON HEIGHTS,IL60004     		NONE   SCHOLARSHIP 3,336
    MARANDA DEVANEY
    163 VILLAGE COURT
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 3,336
    MATTHEW COOK
    630 BENDING COURT
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 3,335
    MEREDITH NOWOTARSKI
    691 MIDDLETON LANE
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 3,800
    NATHANIEL NATINDIM
    511 S INNER CIRCLE DRIVE
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,336
    OLIVIA DOMINGUEZ
    1219 WILDWOOD LANE
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,336
    PAUL BERGSTROM
    1418 GREEN LANE
    MOUNT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,800
    RICHARD RINKA
    18180 E ALMOND COURT
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,336
    ROLAND LAM
    1003 N MEADOW LANE
    MT PROSPECT,IL60056     		NONE   SCHOLARSHIP 3,336
    SOPHIA TORTORELLA
    2853 SWEET CLOVERR WAY
    WAUCONDA,IL60056     		NONE   SCHOLARSHIP 1,900
    THERESA DONOHUE
    1411 CALLEN LANE
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 3,336
    VANESSA GAMMARIELLO
    216 MANDEL LANE
    PROSPECT HEIGHTS,IL60070     		NONE   SCHOLARSHIIP 3,336
    VANESSA KOMADA
    589 JON LANE
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 3,800
    VICTORIA MIECHOWICKI
    941 CARLOW DR
    DES PLAINES,IL60016     		NONE   SCHOLARSHIP 3,800
    Total .................................bullet 3a 120,000
    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 ............     		    14 24,006  
    4 Dividends and interest from securities....     14 66,762 2,164
    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 .............     		  5,056     155,822
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aBLACKSTONE GROUP OTHER INCO     14 419  
    bBROOKFIELD INFRASTRUCTURE     14 -107  
    cEL PASO PIPELINE - OTHER IN     14 -787  
    dENTERPRISE PRODUCTS PARTNER     14 -1,674  
    eKINDER MORGAN ENERGY OTHER     14 3,628  
    fKKR & CO LP OTHER INCOME     14 375  
    gLEGACY RESERVES OTHER INCOM     14 -1,122  
    hMAGELLAN LP OTHER INCOME     14 -64  
    iPLAINS ALL AMERICAN OTHER I     14 -350  
    jVANGUARD NATURAL RESOUCES     14 -212  
    kBLACKSTONE GROUP LP     14    
    lEL PASO PIPELINE     14    
    mENTERPRISE PRODUCTS PARTNER     14    
    nKINDER MORGAN ENERGY PARTNE     14    
    oKKR & CO LP     14    
    pMAGELLAN MIDSTREAM PARTNERS     14    
    qPLAINS PIPELINE     14    
    12 Subtotal. Add columns (b), (d), and (e).. 5,056 90,874 157,986
    13Total. Add line 12, columns (b), (d), and (e)..................
    13253,916
    (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:
    MCLORAINE FAMILY
    EDUCATIONAL TRUST
    EIN: 36-3196087
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 650      

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

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    MCLORAINE FAMILY
    EDUCATIONAL TRUST
    EIN: 36-3196087
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    200 SHS ADP INC 2014-02 PURCHASE 2014-11   16,822 13,464     3,358  
    66 SHS CDK GLOBAL INC. 2014-02 PURCHASE 2014-11   2,519 1,929     590  
    FR SH CDK GLOBAL INC 2014-02 PURCHASE 2014-09   19 19        
    1066 SHS DEUTSCHE MULTI MARKET INC 1997-06 PURCHASE 2015-05   8,915 11,528     -2,613  
    1400 SHS DEUTSCHE MULTI MARKET INC 2012-01 PURCHASE 2015-05   11,708 14,717     -3,009  
    1534 SHS DEUTSCHE MULTI MARKET INC 2014-06 PURCHASE 2015-05   12,828 14,529     -1,701  
    2000 SHS DEUTSCHE MULTI MARKET INC 2014-08 PURCHASE 2015-05   16,725 18,747     -2,022  
    165 SHS INTEGRYS ENERGY GROUP INC 2000-09 PURCHASE 2015-06   11,436 6,675     4,761  
    165 SHS INTEGRYS ENERGY GROUP INC 2006-05 PURCHASE 2015-06   11,436 7,522     3,914  
    170 SHS INTEGRYS ENERGY GROUP INC 2009-04 PURCHASE 2015-06   11,782 4,513     7,269  
    200 SHS IBM 2006-11 PURCHASE 2015-03   31,499 20,586     10,913  
    200 SHS JOHNSON & JOHNSON 2006-05 PURCHASE 2014-11   21,481 12,163     9,318  
    FR SH KINDER MORGAN INC 2014-11 PURCHASE 2014-12   16 16        
    FR SH KINDER MORGAN INC 2014-11 PURCHASE 2014-12   36 36        
    150 SHS KELLOGG CO 2010-11 PURCHASE 2014-08   9,645 7,466     2,179  
    400 SHS KELLOGG CO 2013-07 PURCHASE 2014-08   25,720 27,004     -1,284  
    800 LEGACY RESERVES LP 2014-06 PURCHASE 2015-05   9,274 22,571     -13,297  
    500 KINDER MORGAN 2009-06 PURCHASE 2014-12   51,007 1,131     49,876  
    500 KINDER MORGAN 2009-12 PURCHASE 2014-12   51,007 1,131     49,876  
    700 EL PASO PIPELINE 2012-01 PURCHASE 2014-12   31,082 17,974     13,108  
    268 SHS MCDONALDS CORP 2008-01 PURCHASE 2014-08   25,098 14,729     10,369  
    500 SHS MCDONALDS CORP 2008-01 PURCHASE 2014-09   46,830 27,480     19,350  
    200 SHS PRECISION DRILLING 2006-06 PURCHASE 2015-05   1,367 6,724     -5,357  
    FR SH TALEN ENERGY CORP 2013-09 PURCHASE 2015-06   8 8        
    FR SH VERITIV CORPORATION 2008-08 PURCHASE 2014-07   16 10     6  
    5+ SHS VERITIV CORPORATION 2011-02 PURCHASE 2014-09   234 117     117  
    5+ SHS VERITIV CORPORATION 2008-08 PURCHASE 2014-09   215 114     101  
    SHORT-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY         56       56  
    LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY         5,000       5,000  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    MCLORAINE FAMILY
    EDUCATIONAL TRUST
    EIN: 36-3196087
    Name of Bond End of Year Book Value End of Year Fair Market Value
    10M GOLDMAN SACHS GROUP 10,005 10,645
    30M JOHNSON & JOHNSON 33,710 33,334
    50M NATIONSBANK BANK OF AMERICA 49,375 53,652
    50M MERRILL LYNCH 42,564 56,233
    50M WEYERHAEUSER 47,747 62,582

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    MCLORAINE FAMILY
    EDUCATIONAL TRUST
    EIN: 36-3196087
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AGL RESOURCES INC 635 SHS 27,641 29,566
    ALLETE 400 SHS 17,880 18,556
    ALTRIA GROUP, INC. 850 SHS 17,364 41,574
    AMERICAN ELECTRIC POWER 800 SHS 26,526 42,376
    APPLE INC 280 SHS 21,360 35,119
    AT&T 1,500 SHS 44,522 53,280
    AUTOMATIC DATA PROCESSING 200 SHS    
    BAXTER INTERNATIONAL 500 SHS 25,181 34,965
    BLACKSTONE 1000 SHS 16,644 17,170
    BRISTOL MYERS SQUIBB 400 SHS 8,927 26,616
    CAMPBELL SOUP 500 SHS 23,595 23,825
    CENTURYLINK INC 900 SHS 32,136 26,442
    COCA-COLA 900 SHS 31,284 35,307
    COSTCO WHOLESALE 300 SHS 22,829 40,518
    CSX CORP 975 SHS 18,659 31,834
    DOMINION RESOURCES 575 SHS 24,139 38,450
    DUPONT 500 SHS 25,731 31,975
    DWS MULTI-MARKET 4000 SHS    
    EMERSON ELECTRIC 500 SHS 16,684 27,715
    ENTERGY CORP 325 SHS 21,038 22,913
    EXXON MOBIL CORP 1200 SHS 107,142 99,840
    FASTENAL CORP 400 SHS 16,455 16,872
    FRANKLIN TAX-FREE 1175+ SHS    
    FRANKLIN TAX-FREE 1226+ SHS 12,924 12,748
    GENERAL ELECTRIC 1000 SHS 26,841 26,570
    GENERAL MILLS 700 SHS 28,913 39,004
    GOLDMAN SACHS PFD 1100 SHS 27,151 27,874
    GOLDMAN SACHS PFD 2000 SHS 52,396 52,520
    HCP, INC. 582 SHS 18,362 21,226
    IBM 500 SHS    
    IBM 300 SHS 30,879 48,798
    INTEGRYS ENERGY GROUP 500 SHS    
    INTERNATIONAL PAPER 600 SHS 16,818 28,554
    JOHNSON & JOHNSON 500 SHS    
    JOHNSON & JOHNSON 300 SHS 19,186 29,238
    KELLOGG 550 SHS    
    KINDER MORGAN, INC 2,962 SHS 123,027 113,711
    MCDONALD'S CORPORATION 1238 SHS    
    MCDONALD'S CORPORATION 470 SHS 25,831 44,683
    MERCK 1000 SHS 35,014 56,930
    PEMBINA PIPELINE 1062 SHS 28,467 34,303
    PHILIP MORRIS 200 SHS 7,700 16,034
    PIMCO CORP INCOME FUND 3000 SHS 48,681 42,600
    PPL CORPORATION 700 SHS 19,745 20,629
    PRAXAIR, INC. 414 SHS 30,863 49,494
    PRECISION DRILLING 200 SHS    
    PRIVATEBANKCORP 1800 SHS 49,821 47,484
    PUTNAM MANAGE MUNI 3700 SHS 28,276 26,159
    SOUTHERN COMPANY 550 SHS 23,841 23,045
    TALEN ENERGY 87 SHS 1,524 1,493
    UNILEVER N V 500 SHS 12,385 20,920
    UNITED TECHNOLOGY 300 SHS 29,139 33,279
    VANGUARD NAT'L RESOURCES 300 SHS    
    VERIZON COMMUNICATIONS 1,851 SHS 51,811 86,275
    VODAFONE 906 SHS 43,692 33,024
    WEC ENERGY 564 SHS 25,363 25,363
    WELLS FARGO 1000 SHS 53,027 56,240
    WMI HOLDINGS CORP 7 SHS 9,290 18

    TY 2014 InvestmentsOtherSchedule2
    Name:
    MCLORAINE FAMILY
    EDUCATIONAL TRUST
    EIN: 36-3196087
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKSTONE GROUP LP 1,750 SHS FMV 40,546 91,958
    BROOKFIELD INFRASTRUCTURE 500 SHS FMV 19,320 22,315
    EL PASO PIPELINE LP 750 SHS FMV    
    ENTERPRISE PRODUCTS PARTNERS 750 SHS FMV 8,627 44,835
    KINDER MORGAN ENERGY LP 1,000 SHS FMV    
    KKR & CO LP 1,600 SHS FMV 34,688 36,560
    LEGACY RESERVES LP 800 SHS FMV    
    MAGELLAN LP 600 SHS FMV 21,245 44,028
    PLAINS ALL AMERICAN PIPELINE 125 SHS FMV 7,504 10,893
    VANGUARD NAT'L RESOURCES 300 SHS FMV 8,221 4,479

    TY 2014 LegalFeesSchedule
    Name:
    MCLORAINE FAMILY
    EDUCATIONAL TRUST
    EIN: 36-3196087
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 3,585      


    TY 2014 OtherExpensesSchedule
    Name:
    MCLORAINE FAMILY
    EDUCATIONAL TRUST
    EIN: 36-3196087
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK FEES 157      
    INVESTMENT FEES 199      
    OFFICE EXPENSE 361      


    TY 2014 OtherIncomeSchedule2
    Name:
    MCLORAINE FAMILY
    EDUCATIONAL TRUST
    EIN: 36-3196087
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BLACKSTONE GROUP OTHER INCOME 419   419
    BROOKFIELD INFRASTRUCTURE -107   -107
    EL PASO PIPELINE - OTHER INC. -787   -787
    ENTERPRISE PRODUCTS PARTNERS -1,674   -1,674
    KINDER MORGAN ENERGY OTHER 3,628   3,628
    KKR & CO LP OTHER INCOME 375   375
    LEGACY RESERVES OTHER INCOME -1,122   -1,122
    MAGELLAN LP OTHER INCOME -64   -64
    PLAINS ALL AMERICAN OTHER INC -350   -350
    VANGUARD NATURAL RESOUCES -212   -212


    TY 2014 TaxesSchedule
    Name:
    MCLORAINE FAMILY
    EDUCATIONAL TRUST
    EIN: 36-3196087
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ILLINOIS TAX AND FILING FEE 15      
    FEDERAL TAX F-14 44      
    FEDERAL TAX F-15 940      
    FOREIGN TAX WITHHELD FROM DIVIDE 351