TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2014

Open to Public Inspection

For calendar year 2014, or tax year beginning 2014, and ending , 20

Name of foundation
Lighten Family Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

20-8069108

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$5,807,058J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............	0
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	121		121
4	Dividends and interest from securities......	150,784		150,784
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		510,692
b	Gross sales price for all assets on line 6a 3,902,180
7	Capital gain net income (from Part IV, line 2)...			510,692
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).......		108	108
12	Total. Add lines 1 through 11........	661,705		661,705
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		52,182	52,182
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		9,463	3,031
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		15,890	865	15,025
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	77,535		56,078	15,025
25	Contributions, gifts, grants paid........	400,600			400,600
26	Total expenses and disbursements. Add lines 24 and 25	478,135		56,078	415,625
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	183,570
b	Net investment income (if negative, enter -0-)			605,627
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2014)

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	485,820	185,554	185,554
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	2,458,746	3,492,575	4,477,393
	c	Investments—corporate bonds (attach schedule)........	1,088,109	538,116	534,889
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	503,169	503,169	609,222
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,535,844	4,719,414	5,807,058
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	4,535,844	4,719,414
	30	Total net assets or fund balances (see instructions)......	4,535,844	4,719,414
	31	Total liabilities and net assets/fund balances (see instructions)..	4,535,844	4,719,414

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	4,535,844
2	Enter amount from Part I, line 27a.....................	2	183,570
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	4,719,414
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,719,414

Form 990-PF (2014)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,902,180	3,391,488	510,692
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			510,692
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	510,692
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2013	387,588	5,669,719	0.068361
2012	410,963	5,336,524	0.077009
2011	312,414	5,428,906	0.057546
2010	374,374	5,221,067	0.071705
2009	227,344	4,736,569	0.047998

2	Total of line 1, column (d) ......................	2	0.322619
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	0.064524
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	5,866,538
5	Multiply line 4 by line 3.......................	5	378,532
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	6,056
7	Add lines 5 and 6.........................	7	384,588
8	Enter qualifying distributions from Part XII, line 4..............	8	415,625
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2014)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	6,056
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	6,056
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	6,056
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	4,100
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	1,956
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	6,056
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Form 990-PF (2014)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2014?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2014.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2014)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Adrienne J Lighten	VP 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	VP 1.0	0
Alexis N Lighten	VP 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	VP 1.0	0
Christopher W Lighten	VP 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	VP 1.0	0
Janifer Lynn Lighten	VP 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	VP 1.0	0
William E Lighten	Pres / Dir / Sec 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Pres / Dir / Sec 1.0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
UBS Financial Services	Investment Mgmt	52,182
7700 Wisconsin Ave Suite 300 Bethesda,MD20814	Investment Mgmt	52,182

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2014)

Page 8

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

4,948,537

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

402,620

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

604,719

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

5,955,876

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

5,955,876

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

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

89,338

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

5,866,538

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

293,327

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

293,327

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

6,056

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

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

6,056

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

287,271

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

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

287,271

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

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

287,271

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

415,625

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

415,625

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).................

6,056

Adjusted qualifying distributions. Subtract line 5 from line 4..............

409,569

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

Form 990-PF (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7			287,271
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......
b Total for prior years:2012, 2011, 2010
3 Excess distributions carryover, if any, to 2014:
a From 2009.......
b From 2010.......	119,359
c From 2011.......	47,249
d From 2012.......	146,861
e From 2013.......	112,108
fTotal of lines 3a through e.........		425,577
4Qualifying distributions for 2014 from Part
XII, line 4: $ 415,625
a Applied to 2013, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions).........
d Applied to 2014 distributable amount.....			287,271
e Remaining amount distributed out of corpus		128,354
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		553,931
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		553,931
10 Analysis of line 9:
a Excess from 2010....	119,359
b Excess from 2011....	47,249
c Excess from 2012....	146,861
d Excess from 2013....	112,108
e Excess from 2014....	128,354

Form 990-PF (2014)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2014, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2014	(b) 2013	(c) 2012	(d) 2011	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ...........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

JANIFER LYNN LIGHTEN

WILLIAM E LIGHTEN

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2014)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOYS AND GIRLS CLUB OF NEW ROCHELLE INC 79 7TH ST NEW ROCHELLE,NY10801	N/A	PC	General & Unrestricted	5,000
CENTER CHAPEL MISSIONARY BAPTIST CHURCH 3715 E SHELBY DR MEMPHIS,TN38118	N/A	PC	General & Unrestricted	4,500
FELLAS COLLEGE SCHOLARSHIP FUND 99 BAYEAU RD NEW ROCHELLE,NY10804	N/A	PC	General & Unrestricted	400
FOUNDATION OF WESTCHESTER CLUBMEN INC 8 IDLEWOOD RD WHITE PLAINS,NY10605	N/A	PF	General & Unrestricted	2,500
GRACE BAPTIST CHURCH 52 S 6TH AVE MT VERNON,NY10550	N/A	PC	General & Unrestricted	22,500
INTERSECTIONS INTERNATIONAL INITIATIVE INC 145 W 28TH ST 11TH FL NEW YORK,NY10001	N/A	PC	General & Unrestricted	5,000
METRO-MANHATTAN COMMUNITY FOUNDATION INC 450 N END AVE NEW YORK,NY10282	N/A	PC	General & Unrestricted	2,000
MOUNT VERNON MB CHURCH 6580 HWY 57 E POBOX 189 ROSSVILLE,TN38066	N/A	PC	General & Unrestricted	500
NAACP LEGAL DEFENSE AND EDUCATIONAL FUND INC 99 HUDSON ST FL 16 NEW YORK,NY10013	N/A	PC	General & Unrestricted	25,000
NATIONAL URBAN TECHNOLOGY CENTER INC 80 MAIDEN LN RM 606 NEW YORK,NY10038	N/A	PC	General & Unrestricted	1,000
NEW OPPORTUNITIES INC 232 N ELM ST WATERBURY,CT06702	N/A	PC	General & Unrestricted	1,000
NEW ROCHELLE POLICE FOUNDATION INC 475 N AVE NEW ROCHELLE,NY10801	N/A	PC	General & Unrestricted	4,300
NEW YORK THEOLOGICAL SEMINARY 475 RIVERSIDE DR STE 500 NEW YORK,NY10115	N/A	PC	General & Unrestricted	6,400
RETT SYNDROME RESEARCH TRUST INC 67 UNDER CLIFF RD TRUMBULL,CT06611	N/A	PC	General & Unrestricted	500
STONE TRUST CORPORATION 680 WASHINGTON BLVD STE 10 STAMFORD,CT06901	N/A	POF	expenditure responsibility grant	10,000
THE APOLLO THEATER FOUNDATION INC 253 W 125TH ST 2ND FL NEW YORK,NY10027	N/A	PC	General & Unrestricted	30,000
UJAMAA COMMUNITY DEVELOPMENT CORPORATION 52 S 6TH AVE MOUNT VERNON,NY10550	N/A	PC	General & Unrestricted	5,000
YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT06520	N/A	PC	Yale President Fund	25,000
YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT06520	N/A	PC	Janifer and William Lighten New Residential College Theater	250,000
Total ................................. 3a				400,600

bApproved for future payment

Total ................................. 3b

Form 990-PF (2014)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............			14	121
4 Dividends and interest from securities....			14	150,784
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	510,692
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aK-1 Inc/Loss			14	108
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				661,705

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

13661,705

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2014)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2014 DepreciationSchedule

Name:

Lighten Family Foundation

EIN: 20-8069108

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

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

TY 2014 ExpenditureResponsibilityStmt

Name:

Lighten Family Foundation

EIN: 20-8069108

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
	680 WASHINGTON BLVD STE 10 STAMFORD,CT06901	2013-12-31	10,000	TO SUPPORT THE UNDERGRADUATE EDUCATION PROGRAM. (Installment 1 of 5)	10,000	NO	11/5/2014		NONE NECESSARY
	680 WASHINGTON BLVD STE 10 STAMFORD,CT06901	2014-11-03	10,000	TO SUPPORT THE UNDERGRADUATE EDUCATION PROGRAM. (Installment 2 of 5)		NO	Report Expected in 2016		None necessary

- TIN:

TY 2014 InvestmentsCorpBondsSchedule

Name:

Lighten Family Foundation

EIN: 20-8069108

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ACMP FIN - 4.875% - 05/15/2023	5,929	6,090
AES CORP SER B - 8.000% - 06/0	5,831	5,713
ALLIANT TECHSYSTEMS INC - 6.87	10,453	10,638
ALLY FINL INC - 8.000% - 03/15	7,975	8,260
ANTERO RESOURCES - 5.375% - 11	8,160	7,740
AUTONATION INC NTS - 6.750% -	5,225	5,594
BALL CORP NTS - 5.000% - 03/15	6,053	6,180
CALPINE CORP SR NT - 5.750% -	5,944	6,075
CATAMARAN CORP - 4.750% - 03/1	11,173	11,000
CBRE SERVICES INC - 5.000% - 0	11,953	12,262
CCO HLDGS LLC - 5.750% - 01/15	5,685	6,060
CCO HLDGS LLC CAP CORP - 6.500	11,141	11,549
CHESAPEAKE ENERGY CORP - 6.12	9,813	9,450
CHS/CMNTY HEALTH SYS INC - 7.1	5,106	5,331
CINEMARK USA SR - 5.125% - 12/	5,975	5,865
CIT GROUP INC - 5.000% - 08/15	12,387	12,329
CROWN AMERICAS LLC/CAP - 6.250	5,539	5,263
CROWN CASTLE INTL - 4.875% -	6,098	6,060
CSC HLDGS INC - 7.625% - 07/15	4,375	5,619
DAVITA INC - 5.750% - 08/15/20	6,443	6,360
DISH DBS CORP - 5.875% - 07/15	12,955	12,299
DYNEGY INC - 5.875% - 06/01/20	5,995	5,700
EL PASO CORP - 7.000% - 06/15	6,020	6,615
ENERGY TRANSFER EQUITY - 7.500	9,645	9,990
EVEREST ACQ LLC - 9.375% - 05/	6,788	6,060
FIRST DATA CORP - 12.625% - 01	4,785	4,750
GENERAL MOTORS FINL CO BOND -	6,105	6,008
GENL MOTORS FINL CO INC - 4.25	5,906	6,119
GENON ESCROW CORP - 9.875% - 1	6,083	5,910
GLP CAPITAL - 4.875% - 11/01/2	5,140	5,063
GRAPHIC PACKAGING - 4.750% - 0	5,935	6,045
HCA INC - 3.750% - 03/15/2019	6,083	6,008
HCA INC CORP - 5.000% - 03/15/	12,025	12,329
HEINZ H J CO SR NT - 4.250% -	18,102	18,179
HERTZ CORP SR NT - 6.750% - 04	6,540	6,180
ICAHN ENTERPRISES LP - 6.000%	5,339	5,151
INTELSAT JACKSON HLDGS LTD - 7	10,544	10,438
INTERNATIONAL LEASE FIN CORP -	11,372	12,049
IRON MOUNTAIN INC BOND - 5.750	6,093	6,038
IRON MTN INC DEL SR SB NT - 8.	1,053	1,043
ISTAR FINL - 5.000% - 07/01/20	6,008	5,820
KINETIC CONCEPTS INC - 10.500%	5,450	5,438
LAMAR MEDIA CORP - 5.000% - 05	6,015	5,940
LEVEL 3 FINANCING INC. BOND- 8	10,743	10,625
LEVEL 3 FING INC - 7.000% - 06	6,550	6,323
LIMITED BRANDS INC NOTE - 6.62	11,244	11,250
LINN ENERGY LLC - 7.750% - 02/	5,113	4,213
MARKWEST ENERGY - 5.500% - 02/	11,257	11,138
MARKWEST ENERGY PARTNERS-06.75	6,173	6,240
MASCO CORP NT - 5.950% - 03/15	5,990	6,660
MGM RESORTS - 6.750% - 10/1/20	6,608	6,300
NATIONSTAR MORT CAP - 6.500% -	5,670	5,460
NIELSEN FIN LLC - 0.500% - 10/	11,176	11,055
NRG ENERGY INC - 6.625% - 03/1	11,397	11,439
NT NEXTEL CORP - 6.000% - 11/1	6,135	5,520
PEABODY ENERGY CORP NOTE - 6.5	5,005	4,338
PENNEY J C CORP INC SR NT - 5.	1,740	1,550
POST HLDGS INC - 7.375% - 02/1	17,312	15,999
RANGE RES CORP - 5.000% - 03/1	6,075	6,000
RANGE RES CORP - 6.750% - 08/0	5,235	5,200
REYNOLDS GROUP ISSUER LLC - 5.	4,950	5,125
SALLY HLDGS LLC - 5.750% - 06/	5,338	5,238
SEARS HLDGS CORP - 6.625% - 10	9,798	11,040
SLM CORP BOND - 5.500% - 01/25	5,655	5,745
SPRINT CAPITAL CORP - 6.875% -	5,873	5,280
T MOBILE USA INC - 6.125% - 01	5,235	5,075
T-MOBILE USA INC - 6.542% - 04	5,219	5,163
TARGA RES PARTNERS - 5.250% -	6,230	5,790
TENET HEALTHCARE CORP - 4.750%	5,944	6,090
TRANSDIGM INC NTS - 5.500% - 1	5,985	5,865
TRIUMPH GROUP - 4.875% - 04/0	6,015	5,828
UNITED RENTALS - 5.750% - 11/1	6,255	6,180
WYNN LAS VEGAS LLC - 7.875% -	5,388	5,250
ZAYO GROUP LLC/ZAYO CAP - 8.12	5,569	5,300

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

Lighten Family Foundation

EIN: 20-8069108

Name of Stock	End of Year Book Value	End of Year Fair Market Value
361 MANAGED FUTURES CL I MF	21,552	21,277
ACTAVIS PLC	16,016	59,204
ADT LTD.	4,179	9,601
AFLAC INC.	16,025	18,755
AMC NETWORKS INC	5,764	19,003
AMEC FOSTER WHEELER PLC	3,068	3,533
ANADARKO PETROLEUM CORP	30,978	44,633
ANGEL OAK MULTI-STRATEGY INCOM	105,456	105,196
APPLIED MICRO CIRCUITS CORP	3,928	2,738
AQR MULTI STRGY ALTERNATIVE	22,135	21,723
ARRAY BIOPHARMA INC	3,622	3,169
ARRIS GROUP INC	3,745	10,868
ATMEL CORPORATION	7,553	11,760
AUTODESK, INC.	11,791	35,435
AVNET INC.	4,968	7,313
BELMOND LTD	6,403	7,917
BIOGEN IDEC INC	12,201	72,982
BLACKROCK GLOBAL LONG/SHORT CR	10,606	10,214
BLACKROCK STRAT INC OPP - INS	177,983	175,422
BOEING CO	11,048	18,457
BOYD GAMING CORP	3,521	4,729
BRITISH AMERICAN TOBACCO PLC	15,918	17,467
BROADCOM CORPORATION	10,910	22,098
CABLEVISION SYSTEMS CORP	11,554	24,562
CAE INC	5,963	7,351
CAMECO CORPORATION	13,051	7,795
CINCINNATI BELL INC	4,364	4,338
COGNEX CORPORATION	1,339	6,613
COLGATE-PALMOLIVE COMPANY	12,425	18,335
COMCAST CORP	20,672	88,658
COVIDIEN LTD	9,229	26,593
CREE, INC.	23,782	18,849
CUMMINS INC	4,953	14,417
CURRENCY SHARES BRITISH POUND	38,552	38,265
DIAGEO PLC ADS	15,060	17,342
DIRECTV GROUP	4,610	25,143
DISCOVERY COMMUNICATIONS, INC	4,806	13,825
DOLBY LABORATORIES	11,613	13,367
DOMINION RESOURCES INC	17,299	19,456
DOUBLELINE TOTAL RETURN BOND	96,602	96,339
DYAX CORP	2,415	3,796
EMERSON ELECTRIC CO.	16,320	18,025
ENDOCYTE INC	2,756	1,006
FLUOR CORP	14,040	21,221
FREEPORT-MCMORAN COPPER & GOLD	2,878	4,672
GANNETT CO INC	8,396	16,604
GOLDMAN SACHS STRAT INC-INSTIT	105,563	105,868
HARMONIC INC.	6,091	4,697
HELMERICH PAYNE	3,910	8,090
HEXCEL CP DELAWARE	4,147	8,091
IAC/INTERACTIVE CORP	1,141	4,255
ILLINOIS TOOL WORKS	10,348	18,182
IMMUNOGEN, INC	2,198	1,342
INTEL CORP	11,377	18,072
INTERXION HOLDING N.V.	3,741	6,015
INVESCO PLC	15,488	17,784
IRIDIUM COMMUNICATIONS INC	3,792	4,388
ISHARES CORE MSCI EMERGING MAR	271,845	275,595
ISHARES IBOXX $ HIGH YIELD COR	101,281	101,606
ISHARES TRUST RUSSELL 1000 GRO	256,605	257,190
ISHARES TRUST RUSSELL 1000 VAL	248,337	249,829
ISIS PHARMACEUTICALS, INC.	3,756	16,052
JANUS CAPITAL GROUP INC.	2,181	4,839
JDS UNIPHASE CORP	4,889	5,214
JOHNSON & JOHNSON	11,897	17,881
KANSAS CITY SOUTHERN	3,143	13,423
L-3 COMMUNICATIONS CORP	25,522	32,815
LAM RESEARCH CORP	7,048	20,628
LAS VEGAS SANDS CORP	1,091	13,958
LEVEL 3 COMMUNICATIONS, INC	4,548	13,876
LIBERTY BROADBAND CORP- LBRDA	89	2,154
LIBERTY BROADBAND CORP- LBRDK	180	4,334
LIBERTY BROADBAND CORP- LBRKR		266
LIBERTY INTERACTIVE CORPORATIO	2,173	27,214
LIBERTY MEDIA CORPORATION	527	12,261
LIBERTY MEDIA CORPORATION COM	276	6,172
LIBERTY VENTURES	336	4,941
MADISON SQUARE GARDEN CO.	2,587	6,397
MARKETFIELD FUND	30,060	28,494
MEDICINES COMPANY	1,676	1,937
MEDTRONIC INC	9,653	17,906
MICROSOFT CORPORATION	15,086	18,069
MYRIAD GENETICS, INC	4,226	6,131
NATL OILWELL VARCO	3,481	9,502
NEUBERGER BERMAN ABSOLUTE RETU	21,010	20,549
NEUBERGER BERMAN ALTRNTIVE FDS	39,273	41,789
NEXTERA ENERGY, INC	11,154	18,813
NORDSTROM INC	14,163	19,689
NORTHEAST UTIL	12,992	18,946
NOVARTIS AG ADR	11,731	17,883
NOW INC.	4,226	4,400
NUANCE COMMUNICATIONS, INC.	10,071	8,748
NUCOR CP	10,345	12,753
NUVEEN HIGH YIELD MUNICIPAL BD	62,971	63,007
OCCIDENTAL PETROLEUM CORP	19,205	18,943
PALL CP	13,162	42,508
PEARSON PLC	17,495	17,989
PENTAIR INC. COM	2,443	8,435
POLYCOM, INC.	2,707	2,835
PRECISION CASTPARTS	5,249	16,862
QUALCOMM INC	19,855	18,805
R F MICRO DEVICES INC	3,729	13,438
RAYMOND JAMES FINANCIAL INC	1,959	6,302
REGENERON PHARMACEUTICALS, INC	1,107	26,666
ROBERT HALF INTL INC.	2,334	5,838
ROCHE HOLDING LTD ADR	18,209	16,553
ROWAN CO PLC	4,450	3,731
ROYAL CARRIBEAN CRUISE	7,372	25,553
SANDISK CORP	11,165	32,333
SEACHANGE INTERNATIONAL, INC	2,554	2,424
SEAGATE TECHNOLOGY	5,244	82,460
SEATTLE GENETICS, INC.	1,599	6,426
SINCLARI BROADCAST GROUP INC	2,232	9,302
SOTHEBYS	5,092	6,477
STANLEY BLACK & DECKER INC	16,697	18,736
STARZ	3,725	8,465
STILLWATER MINING CO	4,272	6,780
TE CONNECTIVITY LTD	9,622	52,498
TELEPHONE & DATA SYS INC.	2,636	2,778
THE MOSAIC CO	5,765	5,022
THIRD AVENUE FOCUSED CREDIT FU	31,031	26,229
TORONTO DOMINION	20,199	19,160
TRAVELERS COMPANIES INC	14,268	18,418
TRIMBLE NAV LTD	5,263	10,085
TRIQUINT SEMICONDUCTOR, INC.	2,629	14,602
TYCO INTERNATIONAL LTD.	6,336	23,246
UBS DYNAMIC ALPHA FUND CLASS P	9,981	10,268
UNIFI INC.	1,989	4,787
UNION PACIFIC	14,983	19,299
UNITED PARCEL SERVICE	12,644	18,677
UNITED STATES CELLULAR CORP	4,618	2,589
UNITED TECHNOLOGIES CORP	14,187	18,745
UNITEDHEALTH GROUP INC.	13,673	63,687
USD CYRUSONE INC	2,033	2,755
V F CORP	10,102	18,950
VALSPAR CORP	3,000	12,107
VANGUARD FTSE DEVELOPED MARKET	370,098	365,503
VANGUARD MID-CAP GROWTH ETF	136,961	137,174
VANGUARD MID-CAP VALUE INDEX	137,493	137,186
VANGUARD SM-CAP ETF	178,403	178,606
VERTEX PHARMCTLS INC	8,489	36,828
VISHAY INTERTECH	3,343	4,387
WADDELL&REED FIN INC	1,639	5,978
WEATHERFORD INTL	37,785	36,331
WELLS FARGO ADVTG ABSLT RETURN	9,990	10,071
WORLD WRESTLING ENT	3,861	3,825
YUM BRANDS INC	17,424	17,630

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

Lighten Family Foundation

EIN: 20-8069108

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
LAZARD LTD		3,169	4,503
A&Q GLOBAL DIVERSIFIED STRAT		500,000	604,719

- TIN:

TY 2014 OtherExpensesSchedule

Name:

Lighten Family Foundation

EIN: 20-8069108

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	15,000		15,000
Bank Charges	865	865
State or Local Filing Fees	25		25

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

Lighten Family Foundation

EIN: 20-8069108

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
K-1 Inc/Loss LAZARD LTD	108	108

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

Lighten Family Foundation

EIN: 20-8069108

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	52,182	52,182

- TIN:

TY 2014 TaxesSchedule

Name:

Lighten Family Foundation

EIN: 20-8069108

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2014	4,100
990-PF Extension for 2013	2,332
Foreign Tax Paid	3,031	3,031