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
HENRY M SELDON CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 75000 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI482753462

A Employer identification number

38-6323073

B Telephone number (see instructions)

(313) 222-5067

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

$11,029,529J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	2		2
4	Dividends and interest from securities......	126,980		126,980
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		724,278
b	Gross sales price for all assets on line 6a 6,776,446
7	Capital gain net income (from Part IV, line 2)...			724,278
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		154,621	154,621
12	Total. Add lines 1 through 11........	1,005,881		1,005,881
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		2,153	538		1,614
b	Accounting fees (attach schedule).......		3,000	1,500		1,500
c	Other professional fees (attach schedule)....		55,544	55,544		0
17	Interest...............	29		29		0
18	Taxes (attach schedule) (see instructions)...		78	78		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......	1,038		1,038	0	1,038
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		8,120	8,120
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	69,962		66,847	0	4,152
25	Contributions, gifts, grants paid........	284,960				284,960
26	Total expenses and disbursements. Add lines 24 and 25	354,922		66,847	0	289,112
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	650,959
b	Net investment income (if negative, enter -0-)			939,034
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	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...............	69	69
	2	Savings and temporary cash investments..........	247,173	1,307,443	1,307,443
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	6,639,880	4,640,824	5,919,145
	c	Investments—corporate bonds (attach schedule)........	2,089,754	2,010,901	2,022,804
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	1,577,941	1,731,420	1,780,137
	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)	10,554,817	9,690,657	11,029,529
	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.........	10,554,817	9,690,657
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions)......	10,554,817	9,690,657
	31	Total liabilities and net assets/fund balances (see instructions)..	10,554,817	9,690,657

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	10,554,817
2	Enter amount from Part I, line 27a.....................	2	650,959
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	11,205,776
5	Decreases not included in line 2 (itemize)	5	1,515,119
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	9,690,657

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	12.14 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-01-03
b	2000. UNITED STATES TREASURY 2.125% 08/31/202		2013-10-17	2014-01-03
c	70. WUXI PHARMATECH CAYMAN INC SPONSORED ADR		2013-04-30	2014-01-06
d	5000. UNITED STATES TREASURY 1.375% 07/31/201		2013-11-06	2014-01-07
e	433.75 NCUA GTD NTS TR 2011-R1 CMO VAR .63593%		2012-07-10	2014-01-08
	80. AMERICAN EXPRESS CO		2012-08-17	2014-01-09
	16. GOOGLE INC CL A		2012-08-17	2014-01-09
	524.61 BANC OF AMERICA COMML MTG INC CMO 5.9482		2013-10-15	2014-01-10
	1.56 GS MTG SECS TR 2007 GG10 CMO CL A-1A 5.8		2013-10-16	2014-01-10
	21821.37 NCUA GUARANTEED NOTES CMO VAR .64478% 10		2012-07-19	2014-01-10
	36377.91 NCUA GTD NTS TR 2011-R1 CMO VAR .63593%		2012-07-10	2014-01-10
	111000. UNITED STATES TREASURY .625% 08/15/2016		2013-11-29	2014-01-10
	16000. UNITED STATES TREASURY 1.75% 05/15/2023		2013-11-18	2014-01-13
	233. NORFOLK SOUTHERN CORP		2009-08-21	2014-01-14
	262. COVIDIEN PLC		2010-03-02	2014-01-14
	516.61 ALLY AUTO RECEIVABLES TR 2011-3 ASSET BACKED CTF CL A-3 ABS .97		2011-06-08	2014-01-15
	512.05 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-01-15
	8.82 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-01-15
	16.1 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-01-15
	1532.33 MERCEDES-BENZ AUTO RECEIVABLES T ASSET BACKED NT CL A-3 ABS .8		2012-08-30	2014-01-15
	74.41 MORGAN STANLEY CAP I TR 2011-C3 CMO CL A-2 3.224% 07/15/2049		2013-08-12	2014-01-17
	195. KROGER CO		2012-10-31	2014-01-21
	5000. UNITED STATES TREASURY 1.375% 07/31/201		2013-11-06	2014-01-21
	5000. UNITED STATES TREASURY .625% 08/15/2016		2013-11-05	2014-01-21
	961.45 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-01-21
	25. IBM CORP		2008-01-31	2014-01-22
	6000. UNITED STATES TREASURY 1.375% 07/31/201		2013-11-19	2014-01-22
	85. EURONET SVCS INC		2013-09-26	2014-01-24
	285.4968 NCUA GUARANTEED NOTES CMO VAR .64478% 10		2012-07-19	2014-01-24
	85. SOUFUN HLDGS LTD ADR		2013-11-07	2014-01-24
	30. JAZZ PHARMACEUTICALS PLC		2012-05-31	2014-01-24
	25. COPA HOLDINGS SA-CLASS A		2013-12-30	2014-01-24
	1.04 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-01-27
	8.24 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-01-27
	25. COPA HOLDINGS SA-CLASS A		2013-09-26	2014-01-27
	110. HANGER ORTHOPEDIC GROUP INC		2013-11-27	2014-01-31
	70. OCEANEERING INTL INC		2013-04-30	2014-01-31
	185. SELECT SECTOR SPDR - CONSUMER SERVICES		2013-12-31	2014-01-31
	120. TJX COMPANIES INC NEW		2013-01-30	2014-01-31
	15000. UNITED STATES TREASURY .625% 08/15/2016		2013-11-05	2014-01-31
	305. AMERICAN EXPRESS CO		2012-08-17	2014-02-03
	100. ARRIS GROUP INC		2013-08-29	2014-02-03
	255. HANGER ORTHOPEDIC GROUP INC		2013-11-27	2014-02-03
	107. VISA INC CL A		2012-08-17	2014-02-03
	115. LOWES COS INC		2013-08-28	2014-02-04
	6.92 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-02-04
	10000. CELGENE CORP 1.9% 08/15/2017		2012-08-08	2014-02-07
	12000. UNITED STATES TREASURY 1.75% 05/15/2023		2014-01-31	2014-02-07
	1513.99 BANC OF AMERICA COMML MTG INC CMO 5.9482		2013-10-15	2014-02-10
	1.57 GS MTG SECS TR 2007 GG10 CMO CL A-1A 5.8		2013-10-16	2014-02-12
	482.61 ALLY AUTO RECEIVABLES TR 2011-3 ASSET BACKED CTF CL A-3 ABS .97		2011-06-08	2014-02-18
	398.81 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-02-18
	10.48 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-02-18
	17.01 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-02-18
	1499.34 MERCEDES-BENZ AUTO RECEIVABLES T ASSET BACKED NT CL A-3 ABS .8		2012-08-30	2014-02-18
	74.76 MORGAN STANLEY CAP I TR 2011-C3 CMO CL A-2 3.224% 07/15/2049		2013-08-12	2014-02-18
	30. ACTAVIS PLC		2013-10-02	2014-02-18
	23862.14 MORGAN STANLEY CAP I TR 2011-C3 CMO CL A-2 3.224% 07/15/2049		2013-08-12	2014-02-19
	200000. UNITED STATES TREASURY 1.75% 05/15/2023		2014-01-31	2014-02-20
	1213.03 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-02-20
	135. FRANKLIN RES INC		2013-07-12	2014-02-24
	75. GEOSPACE TECHNOLOGIES CORP		2013-12-23	2014-02-24
	75. CIGNA CORP		2012-11-30	2014-02-25
	20. CONTINENTAL RES INC OKLA		2013-08-27	2014-02-25
	1.04 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-02-25
	8.32 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-02-25
	50. ISHARES RUSSELL 3000 INDEX		2014-02-04	2014-02-25
	70. OASIS PETE INC NEW		2013-05-31	2014-02-25
	30. POLARIS INDUSTRIES INC		2011-10-31	2014-02-25
	10. POLARIS INDUSTRIES INC		2013-07-12	2014-02-25
	155. OASIS PETE INC NEW		2013-05-31	2014-02-26
	120. TJX COMPANIES INC NEW		2013-01-30	2014-02-26
	83000. UNITED STATES TREASURY .625% 08/15/2016		2014-02-19	2014-02-26
	7944.58 BANC OF AMERICA COMML MTG INC CMO 5.9482		2013-10-15	2014-02-27
	45. ISHARES RUSSELL 3000 INDEX		2014-02-04	2014-02-27
	15000. UNITED STATES TREASURY .625% 08/15/2016		2014-02-19	2014-02-27
	23000. UNITED STATES TREASURY .625% 08/15/2016		2014-02-27	2014-02-28
	110. WEB COM GROUP INC		2013-11-29	2014-02-28
	6.98 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-03-04
	10000. UNITED STATES TREASURY 2.125% 08/31/202		2013-10-17	2014-03-05
	160000. UNITED STATES TREASURY 1.75% 05/15/2023		2014-02-28	2014-03-07
	57000. UNITED STATES TREASURY 2.125% 08/31/202		2013-11-29	2014-03-07
	264000. UNITED STATES TREASURY 1.375% 07/31/201		2013-12-31	2014-03-10
	60000. UNITED STATES TREASURY 1.5% 02/28/2019		2014-03-10	2014-03-11
	1032.898 VANGUARD 500 INDEX FUND LARGE CAP SIGN		2009-09-03	2014-03-11
	10.861 VANGUARD 500 INDEX FUND LARGE CAP SIGN		2013-12-24	2014-03-11
	3.5 GS MTG SECS TR 2007 GG10 CMO CL A-1A 5.8		2013-10-16	2014-03-12
	196. THERMO ELECTRON CORP		2013-03-21	2014-03-12
	480. MONSTER BEVERAGE CORP		2012-10-25	2014-03-13
	40. JAZZ PHARMACEUTICALS PLC		2012-05-31	2014-03-13
	417.56 ALLY AUTO RECEIVABLES TR 2011-3 ASSET BACKED CTF CL A-3 ABS .97		2011-06-08	2014-03-17
	386.05 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2014-03-17
	10000. COMM 2012-CCRE5 MTG TR CMO 1.678% 12/10/		2013-11-21	2014-03-17
	787.02 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-03-17
	10.47 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-03-17
	14.43 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-03-17
	8679.68 GS MTG SECS TR 2007 GG10 CMO CL A-1A 5.8		2013-10-16	2014-03-17
	1010.15 MERCEDES-BENZ AUTO RECEIVABLES T ASSET BACKED NT CL A-3 ABS .8		2012-08-30	2014-03-18
	60. NU SKIN ENTERPRISES INC		2014-02-24	2014-03-19
	120. SKYWORKS SOLUTIONS INC		2013-12-23	2014-03-19
	970.09 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-03-20
	1.06 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-03-25
	8.4 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-03-25
	150. TENNECO INC		2013-12-23	2014-03-25
	5000. UNITED STATES TREASURY 1.75% 05/15/2023		2014-02-26	2014-03-26
	5000. UNITED STATES TREASURY 1.75% 05/15/2023		2014-02-26	2014-03-27
	10000. BANK AMER FDG CORP 1.31585% 03/22/2018		2013-03-19	2014-03-28
	13000. UNITED STATES TREASURY .625% 08/15/2016		2013-11-05	2014-03-28
	165. BLUCORA INC		2014-01-30	2014-03-31
	55. NETEASE.COM INC ADR		2013-03-01	2014-03-31
	230. PRIVATEBANCORP INC		2013-04-30	2014-03-31
	385. BLUCORA INC		2014-02-03	2014-04-01
	20. MONSANTO CO		2013-03-27	2014-04-01
	20. MONSANTO CO		2013-04-30	2014-04-01
	125. NORFOLK SOUTHERN CORP		2013-11-19	2014-04-01
	164000. UNITED STATES TREASURY 1.75% 05/15/2023		2014-03-11	2014-04-01
	45. ISHARES RUSSELL 3000 INDEX		2014-03-20	2014-04-02
	7.06 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-04-02
	55. POLARIS INDUSTRIES INC		2011-10-31	2014-04-02
	150. WUXI PHARMATECH CAYMAN INC SPONSORED ADR		2013-04-30	2014-04-02
	20. MONSANTO CO		2013-03-27	2014-04-04
	25. MONSANTO CO		2013-07-09	2014-04-04
	120. ARRIS GROUP INC		2013-08-29	2014-04-07
	70. PACKAGING CORP OF AMERICA		2013-12-23	2014-04-07
	95. SKYWORKS SOLUTIONS INC		2013-12-23	2014-04-07
	85. SPIRIT AIRLS INC COM		2013-10-11	2014-04-07
	35. TRINITY INDS INC		2013-08-08	2014-04-07
	45. UNITED RENTALS INC		2013-07-31	2014-04-07
	20. UNITED RENTALS INC		2012-10-31	2014-04-07
	70. CHICAGO BRIDGE & IRON CO N.V. ADR		2013-12-30	2014-04-08
	35. MCKESSON CORP		2013-10-24	2014-04-10
	35. ACTAVIS PLC		2013-10-02	2014-04-10
	6.08 ALLY AUTO RECEIVABLES TR 2011-3 ASSET BACKED CTF CL A-3 ABS .97%		2011-06-08	2014-04-15
	1155.93 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2014-04-15
	398.34 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-04-15
	10.51 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-04-15
	16.47 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-04-15
	95. ISHARES RUSSELL 3000 INDEX		2014-03-20	2014-04-16
	10000. UNITED STATES TREASURY .625% 08/15/2016		2013-11-05	2014-04-16
	10000. UNITED STATES TREASURY .625% 08/15/2016		2013-11-05	2014-04-17
	1019.18 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-04-21
	5000. ALLERGAN INC 3.375% 09/15/2020		2012-06-20	2014-04-22
	16.82 BANC OF AMERICA COMML MTG INC CMO 5.9482		2013-10-15	2014-04-22
	475. GILEAD SCIENCES INC		2012-08-17	2014-04-23
	30. QUALCOMM INC		2013-04-05	2014-04-24
	10. QUALCOMM INC		2014-04-16	2014-04-24
	1.07 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-04-25
	8.49 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-04-25
	80. EXPRESS SCRIPTS HLDG CO		2012-08-30	2014-04-28
	5000. UNITED STATES TREASURY .625% 08/15/2016		2013-11-05	2014-04-28
	180. BB&T CORP		2013-01-30	2014-04-29
	40. CHICAGO BRIDGE & IRON CO N.V. ADR		2013-05-31	2014-04-29
	235. PRIVATEBANCORP INC		2013-04-30	2014-04-29
	195. THOR IND INC		2013-12-30	2014-04-29
	75. EXPRESS SCRIPTS HLDG CO		2012-08-30	2014-04-30
	45. ISHARES RUSSELL 3000 INDEX		2013-01-31	2014-04-30
	50. ISHARES RUSSELL 3000 INDEX		2013-10-03	2014-04-30
	150. LOWES COS INC		2013-08-28	2014-04-30
	8.06 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-05-02
	5000. ENERGIZER HOLDINGS INC 4.7% 05/19/2021		2013-11-25	2014-05-05
	10000. CELGENE CORP 1.9% 08/15/2017		2013-08-01	2014-05-06
	9000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-05-05	2014-05-06
	162. CUMMINS ENGINE INC		2012-08-17	2014-05-07
	15000. FLUOR CORP SR NT 3.375% 09/15/2021		2011-09-08	2014-05-07
	5000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-05-07	2014-05-07
	144. VISA INC CL A		2010-09-03	2014-05-07
	100. NXP SEMICONDUCTORS NV		2013-10-24	2014-05-07
	95. WESTLAKE CHEMICAL CORP		2014-04-16	2014-05-08
	157. BERKSHIRE HATHAWAY CL B		2012-08-17	2014-05-12
	25000. GENERAL ELEC CAP CORP .9259% 07/12/2016		2013-07-09	2014-05-12
	10000. VALERO ENERGY 9.375% 03/15/2019		2010-11-29	2014-05-12
	10000. AT&T INC GLOBAL NT 1.7% 06/01/2017		2012-08-29	2014-05-13
	19. APPLE COMPUTER INC		2006-04-06	2014-05-13
	10000. UNITED STATES TREASURY .625% 08/15/2016		2013-11-05	2014-05-13
	378.19 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2014-05-15
	305.92 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-05-15
	18.56 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-05-15
	16.22 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-05-15
	358.07 JP MORGAN CHASE COML MTG SECS 2005-LDP3 COML MTG PASSTHRU CTF		2013-03-14	2014-05-15
	5000. ALLERGAN INC 3.375% 09/15/2020		2012-06-20	2014-05-16
	40. DIRECTV		2013-11-27	2014-05-20
	125. INDUSTRIAL SELECT SECT SPDR CONSUMER DISCRETIONARY		2013-11-19	2014-05-20
	933.52 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-05-20
	1.08 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-05-27
	8.57 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-05-27
	44000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-05-07	2014-05-30
	428000. UNITED STATES TREASURY .625% 08/15/2016		2014-05-13	2014-05-30
	140. MAXIMUS INC		2014-02-26	2014-06-02
	95. NETEASE.COM INC ADR		2013-03-01	2014-06-02
	4000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-05-06	2014-06-02
	15000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2014-06-02
	95. WAL-MART STORES INC		2014-04-07	2014-06-02
	140. AT&T INC		2012-12-31	2014-06-03
	145. AT&T INC		2013-12-30	2014-06-03
	60. ASBURY AUTOMOTIVE GROUP		2014-02-18	2014-06-03
	65. CHEVRONTEXACO CORP		2012-09-26	2014-06-03
	80. DU PONT E I DE NEMOURS & CO		2013-11-29	2014-06-03
	5. MYLAN LABS INC		2012-07-31	2014-06-03
	130. MYLAN LABS INC		2014-01-31	2014-06-03
	7.15 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-06-03
	20000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2014-06-03
	30. WORLD ACCEP CORP S C NEW		2014-02-26	2014-06-03
	115. WORLD ACCEP CORP S C NEW		2014-02-07	2014-06-03
	96000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-05-06	2014-06-04
	45. ISHARES RUSSELL 3000 INDEX		2014-06-04	2014-06-05
	20. TRINITY INDS INC		2013-08-08	2014-06-05
	30. TRINITY INDS INC		2012-09-26	2014-06-05
	.25 NOW INC		2012-08-17	2014-06-10
	10000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-04-01	2014-06-11
	15000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2014-06-11
	325.87 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2014-06-16
	389.27 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-06-16
	18.72 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-06-16
	17.02 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-06-16
	19.01 JP MORGAN CHASE COML MTG SECS 2005-LDP3 COML MTG PASSTHRU CTF C		2013-03-14	2014-06-16
	95. CHICAGO BRIDGE & IRON CO N.V. ADR		2013-05-31	2014-06-17
	50. ISHARES RUSSELL 3000 INDEX		2014-06-04	2014-06-20
	10. SHIRE PHARMACEUTICALS GR ADR		2014-04-21	2014-06-20
	1094.25 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-06-20
	40. BRINKER INTL INC		2013-05-31	2014-06-23
	15. BRINKER INTL INC		2013-12-30	2014-06-23
	50. LITHIA MTRS INC - CL A		2013-10-30	2014-06-23
	85. WALGREEN CO		2013-09-12	2014-06-24
	1.09 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-06-25
	8.65 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-06-25
	70. AMC NETWORKS INC		2014-04-01	2014-06-27
	155. AT&T INC		2011-09-29	2014-06-27
	60. BERKSHIRE HATHAWAY CL B		2013-12-30	2014-06-27
	110. BRINKER INTL INC		2013-05-31	2014-06-27
	25. CITIGROUP INC		2013-11-19	2014-06-27
	110. CITIGROUP INC		2012-04-27	2014-06-27
	60. CONTINENTAL RES INC OKLA		2013-08-27	2014-06-27
	90. HERSHEY FOODS CORP		2014-01-31	2014-06-27
	90. J P MORGAN CHASE & CO		2014-02-07	2014-06-27
	45. MAXIMUS INC		2014-02-07	2014-06-27
	130. MAXIMUS INC		2013-03-01	2014-06-27
	10000. MORGAN STANLEY 1.48485% 02/25/2016		2013-02-20	2014-06-27
	155. PRIMERICA INC		2014-04-02	2014-06-27
	20000. SANTANDER DRIVE AUTO RECEIVABLES ABS 3.2		2011-06-23	2014-06-27
	50. SELECT SECTOR SPDR - CONSUMER SERVICES		2013-05-02	2014-06-27
	135. SELECT SECTOR SPDR - CONSUMER SERVICES		2013-12-31	2014-06-27
	225. TRUEBLUE INC		2014-04-01	2014-06-27
	15000. WACHOVIA CORP .55585% 06/15/2017		2012-12-03	2014-06-27
	90. YAHOO INC		2013-09-10	2014-06-27
	45. COPA HOLDINGS SA-CLASS A		2013-05-31	2014-06-27
	5. COPA HOLDINGS SA-CLASS A		2013-09-26	2014-06-27
	170. GENERAL ELECTRIC CO		2013-01-30	2014-06-30
	45. GENERAL ELECTRIC CO		2013-07-12	2014-06-30
	95. ISHARES RUSSELL 3000 INDEX		2014-06-04	2014-07-01
	199000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-06-30	2014-07-03
	12948.12 JP MORGAN CHASE COML MTG SECS 2005-LDP3 COML MTG PASSTHRU CT		2013-03-14	2014-07-09
	270. APPLE COMPUTER INC		2006-04-06	2014-07-14
	10. SHIRE PHARMACEUTICALS GR ADR		2014-04-21	2014-07-14
	5000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-07-09	2014-07-14
	242.07 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2014-07-15
	271.51 CARMAX AUTO OWNER TR 2011-2 ABS 1.35% 02		2012-08-30	2014-07-15
	933.54 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-07-15
	10.92 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-07-15
	15.15 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-07-15
	9000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-07-09	2014-07-15
	15. SHIRE PHARMACEUTICALS GR ADR		2014-04-21	2014-07-17
	10000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2014-07-17
	165. YAHOO INC		2013-08-29	2014-07-17
	10000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2014-07-18
	15. GOOGLE INC CL C		2013-03-28	2014-07-21
	45. PACKAGING CORP OF AMERICA		2013-12-23	2014-07-21
	887.24 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-07-21
	2000. PLAINS 6.75% 02/01/2022-2017		2013-07-25	2014-07-23
	1.1 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-07-25
	8.73 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-07-25
	65. SKYWORKS SOLUTIONS INC		2013-11-06	2014-07-25
	5000. UNITED STATES TREASURY 1.5% 02/28/2019		2014-05-16	2014-07-28
	20000. CARMAX AUTO OWNER TRUST ABS .97% 04/16/2		2013-07-31	2014-07-29
	1607.77 JP MORGAN CHASE COML MTG SECS 2005-LDP3 COML MTG PASSTHRU CTF		2013-03-14	2014-07-29
	7.23 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-07-29
	10000. TUPPERWARE CORP 4.75% 06/01/2021-2021		2013-03-07	2014-07-29
	8000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-07-09	2014-07-29
	40. ATWOOD OCEANICS INC		2013-05-31	2014-07-30
	5000. CRANE CO 2.75% 12/15/2018		2013-12-10	2014-07-30
	5000. MATTEL INC 1.7% 03/15/2018		2013-03-04	2014-07-30
	8000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-07-29	2014-07-30
	20000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2014-07-30
	90. ATWOOD OCEANICS INC		2013-05-31	2014-07-31
	135. COLGATE PALMOLIVE CO		2013-12-31	2014-07-31
	95. OCEANEERING INTL INC		2013-04-30	2014-07-31
	165. PRIMERICA INC		2014-04-02	2014-07-31
	60. QUALCOMM INC		2013-04-05	2014-07-31
	285. TRUEBLUE INC		2014-04-09	2014-07-31
	184000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-07-09	2014-07-31
	120. VALERO ENERGY CORP		2013-10-30	2014-07-31
	195. ARRIS GROUP INC		2013-08-29	2014-08-01
	80. ARRIS GROUP INC		2013-08-29	2014-08-01
	175. WEB COM GROUP INC		2013-11-29	2014-08-01
	7.81 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-08-04
	85. WESTLAKE CHEMICAL CORP		2013-09-26	2014-08-05
	50. ALTISOURCE PORTFOLIO SOLUTIONS		2014-07-30	2014-08-05
	30. SHIRE PHARMACEUTICALS GR ADR		2014-04-09	2014-08-06
	20000. BHP FIN USA LTD 7.25% 03/01/2016		2013-08-09	2014-08-07
	272.47 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2014-08-15
	2245.4 CARMAX AUTO OWNER TR 2011-2 ABS 1.35% 02		2012-08-30	2014-08-15
	278.41 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-08-15
	11.02 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-08-15
	15.58 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-08-15
	48000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-06-25	2014-08-15
	861.73 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-08-20
	220. WEB COM GROUP INC		2013-11-06	2014-08-20
	30. SHIRE PHARMACEUTICALS GR ADR		2014-04-16	2014-08-21
	60. BALL CORP		2014-02-26	2014-08-22
	1.11 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-08-25
	8.83 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-08-25
	110. PORTFOLIO RECOVERY ASSOCIATE		2013-07-31	2014-08-26
	105. VERIZON COMMUNICATIONS		2014-04-04	2014-08-26
	35. BALL CORP		2014-02-26	2014-08-27
	100. BUFFALO WILD WINGS INC		2014-06-27	2014-08-27
	55. CONTINENTAL RES INC OKLA		2013-08-27	2014-08-27
	185. GENERAL ELECTRIC CO		2011-12-29	2014-08-27
	5000. MOSAIC CO NEW SR NT 4.25% 11/15/2023-202		2014-01-13	2014-08-27
	175. MYLAN LABS INC		2012-07-31	2014-08-27
	133000. UNITED STATES TREASURY 1.5% 02/28/2019		2014-08-15	2014-08-28
	6.8 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-09-03
	92000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-08-27	2014-09-04
	10000. UNITED STATES TREASURY 2.25% 07/31/2021		2014-08-15	2014-09-04
	80. EOG RESOURCES INC		2014-03-28	2014-09-08
	30000. ALLY MASTER OWNER TR 2012-1 ASSET BACKED NT CL A-2 1.44% 02/15/		2012-08-30	2014-09-09
	100. ARRIS GROUP INC		2013-08-29	2014-09-09
	45. ARRIS GROUP INC		2013-08-29	2014-09-09
	5000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2014-09-09
	5000. GENERAL ELEC CAP CORP 5.3% 02/11/2021		2011-02-08	2014-09-11
	208.71 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2014-09-15
	1905. CARMAX AUTO OWNER TR 2011-2 ABS 1.35% 02		2012-08-30	2014-09-15
	104.83 CITIGROUP CMO 1.392% 07/10/2047		2014-07-17	2014-09-15
	1201.58 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-09-15
	11.11 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-09-15
	15.98 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-09-15
	5000. UNITED STATES TREASURY 1.625% 08/31/201		2014-08-28	2014-09-15
	4136.461 ALGER INSTL FD SMALLCAP GROWTH		2013-12-18	2014-09-16
	20224.97 ALGER INSTL FD SMALLCAP GROWTH		2012-12-18	2014-09-16
	11192.011 ALLIANZGI NFJ SMALL CAP VALUE FUND		2012-12-20	2014-09-16
	1390.165 ALLIANZGI NFJ SMALL CAP VALUE FUND		2013-12-19	2014-09-16
	6000. UNITED STATES TREASURY 2.25% 07/31/2021		2014-08-15	2014-09-17
	11000. UNITED STATES TREASURY 2.25% 07/31/2021		2014-08-15	2014-09-17
	126.25 WFRBS COML MTG TR 2014-C21 CMO 1.413% 08		2014-07-18	2014-09-17
	19000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2014-09-19
	130. AMC NETWORKS INC		2014-04-01	2014-09-22
	1012.78 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-09-22
	1.12 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-09-25
	8.91 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-09-25
	145. PORTFOLIO RECOVERY ASSOCIATE		2013-07-31	2014-09-29
	75. BONANZA CREEK ENERGY INC		2014-06-02	2014-09-30
	35. GILEAD SCIENCES INC		2014-08-13	2014-09-30
	45. OLD DOMINION FGHT LINES INC		2013-06-28	2014-09-30
	15. OLD DOMINION FGHT LINES INC		2013-12-30	2014-09-30
	60. PHILLIPS 66		2014-04-30	2014-09-30
	90. SAIA INC COM		2014-06-30	2014-09-30
	85. SPIRIT AIRLS INC COM		2013-09-26	2014-09-30
	55. UNITED RENTALS INC		2012-10-31	2014-09-30
	16000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2014-09-30
	55. LYONDELLBASELL INDUSTRIES NV		2014-04-30	2014-09-30
	115. OLD DOMINION FGHT LINES INC		2013-06-28	2014-10-01
	105. SPIRIT AIRLS INC COM		2013-09-26	2014-10-01
	75. UNITED RENTALS INC		2012-10-31	2014-10-01
	90. WESTLAKE CHEMICAL CORP		2013-09-26	2014-10-01
	140. BONANZA CREEK ENERGY INC		2014-04-29	2014-10-02
	105. HEWLETT PACKARD CO		2014-06-27	2014-10-02
	6.8 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-10-02
	75. PHILLIPS 66		2013-10-30	2014-10-02
	200. TRINITY INDS INC		2012-09-26	2014-10-02
	70. LYONDELLBASELL INDUSTRIES NV		2014-04-30	2014-10-07
	115.49 CITIGROUP CMO 1.392% 07/10/2047		2014-07-17	2014-10-10
	115. ASBURY AUTOMOTIVE GROUP		2014-02-24	2014-10-13
	165. LITHIA MTRS INC - CL A		2013-10-30	2014-10-13
	145. PENSKE AUTOMOTIVE GROUP INC		2013-07-30	2014-10-13
	114. PERRIGO CO PLC		2013-12-20	2014-10-14
	280.16 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2014-10-15
	1981.9 CARMAX AUTO OWNER TR 2011-2 ABS 1.35% 02		2012-08-30	2014-10-15
	1111.84 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-10-15
	11.21 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-10-15
	14.68 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-10-15
	55. SANDERSON FARMS INC		2014-09-30	2014-10-16
	139.75 WFRBS COML MTG TR 2014-C21 CMO 1.413% 08		2014-07-18	2014-10-17
	45. IBM CORP		2014-10-01	2014-10-20
	774.24 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-10-20
	260. GRAPHIC PACKAGING HOLDING CORP		2014-04-29	2014-10-21
	35. IBM CORP		2014-10-01	2014-10-21
	7000. UNITED STATES TREASURY 2.25% 07/31/2021		2014-08-15	2014-10-22
	20. ALTISOURCE PORTFOLIO SOLUTIONS		2014-07-30	2014-10-23
	1.13 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-10-27
	8.98 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-10-27
	15000. FIFTH THIRD AUTO TR 2013-1 ABS CL A-3 .8		2013-08-14	2014-10-27
	70. ALTISOURCE PORTFOLIO SOLUTIONS		2014-06-05	2014-10-27
	202. APPLE COMPUTER INC		2006-04-06	2014-10-29
	90. BALL CORP		2014-04-01	2014-10-30
	55. FACEBOOK INC		2014-08-18	2014-10-30
	198000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-09-30	2014-10-30
	23000. UNITED STATES TREASURY 2.75% 02/15/2024		2014-09-30	2014-10-30
	155. DREW INDS INC		2014-06-27	2014-10-31
	6.89 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-11-04
	40. ADVANCE AUTO PARTS		2014-06-27	2014-11-06
	125. MACYS INC		2014-04-30	2014-11-12
	105.7 CITIGROUP CMO 1.392% 07/10/2047		2014-07-17	2014-11-13
	140. MACYS INC		2014-01-31	2014-11-13
	530.78 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2014-11-17
	1964.95 CARMAX AUTO OWNER TR 2011-2 ABS 1.35% 02		2012-08-30	2014-11-17
	179.4 FEDERAL HOME LN MTG CORP MULTICL CMO 4.5		2011-07-28	2014-11-17
	201.26 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-11-17
	28.03 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-11-17
	127.34 WFRBS COML MTG TR 2014-C21 CMO 1.413% 08		2014-07-18	2014-11-17
	155. BERKSHIRE HATHAWAY CL B		2012-08-17	2014-11-18
	5000. PETROBRAS INTL FIN CO GTD GLOBAL NT 2.875%		2012-02-01	2014-11-18
	85. AMTRUST FINL SVCS INC		2014-04-02	2014-11-19
	100. OPEN TEXT CORP		2014-04-29	2014-11-19
	10000. UNITED STATES TREASURY 2.375% 08/15/202		2014-10-30	2014-11-19
	5000. COMCAST CORP 5.7% 07/01/2019		2011-07-25	2014-11-20
	55. OPEN TEXT CORP		2014-04-29	2014-11-20
	895.41 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-11-20
	25. APPLE COMPUTER INC		2014-01-28	2014-11-21
	18000. UNITED STATES TREASURY .875% 05/15/2017		2014-10-30	2014-11-24
	45. DIRECTV		2013-11-27	2014-11-25
	1.14 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-11-25
	9.07 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-11-25
	80. TENNECO INC		2014-06-03	2014-11-25
	5000. COVIDIEN INTERNATIONAL F 6% 10/15/2017		2011-02-02	2014-11-26
	110. TENNECO INC		2013-12-23	2014-11-26
	35. JOHNSON & JOHNSON		2013-09-30	2014-11-28
	40. JOHNSON & JOHNSON		2014-04-15	2014-11-28
	80. NORFOLK SOUTHERN CORP		2014-08-13	2014-11-28
	19000. UNITED STATES TREASURY .875% 05/15/2017		2014-10-30	2014-11-28
	335. GENERAL ELECTRIC CO		2010-07-30	2014-12-01
	460. GRAPHIC PACKAGING HOLDING CORP		2014-04-29	2014-12-01
	85. HALLIBURTON CO HLDG		2014-08-27	2014-12-01
	70. NORFOLK SOUTHERN CORP		2014-08-05	2014-12-01
	1745. E M C CORP		2013-04-16	2014-12-02
	6.95 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2014-12-02
	165. DREW INDS INC		2014-06-27	2014-12-03
	14000. UNITED STATES TREASURY 1.625% 08/31/201		2014-11-20	2014-12-04
	130. DIRECTV		2013-11-27	2014-12-05
	895. OCEAN RIG UDW, INC.		2014-08-06	2014-12-05
	10000. COVIDIEN INTERNATIONAL F 6% 10/15/2017		2011-02-02	2014-12-09
	116.34 CITIGROUP CMO 1.392% 07/10/2047		2014-07-17	2014-12-12
	741.02 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2014-12-15
	1742.42 CARMAX AUTO OWNER TR 2011-2 ABS 1.35% 02		2012-08-30	2014-12-15
	7.47 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2014-12-15
	23.22 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2014-12-15
	50. SKYWORKS SOLUTIONS INC		2013-10-07	2014-12-15
	60. AMERISOURCEBERGEN CORP		2014-07-31	2014-12-16
	120. CAPITAL ONE FINANCIAL CORP		2013-11-19	2014-12-16
	140.81 WFRBS COML MTG TR 2014-C21 CMO 1.413% 08		2014-07-18	2014-12-17
	39000. UNITED STATES TREASURY 2.375% 08/15/202		2014-11-24	2014-12-18
	76. APPLE COMPUTER INC		2006-04-06	2014-12-22
	15000. KLA-TENCOR CORP 6.9% 05/01/2018		2013-03-07	2014-12-22
	677.24 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2014-12-22
	65. JOHNSON & JOHNSON		2013-06-28	2014-12-23
	88000. UNITED STATES TREASURY 2.375% 08/15/202		2014-11-24	2014-12-24
	75000. UNITED STATES TREASURY 2.25% 07/31/2021		2014-09-11	2014-12-24
	1.16 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2014-12-26
	9.16 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2014-12-26
	182000. UNITED STATES TREAS BILLS 0% 06/18/2015		2014-12-24	2014-12-31
	21000. UNITED STATES TREASURY .875% 05/15/2017		2014-11-26	2014-12-31
	1. ECKHARDT FUTURES LP		2014-12-01	2014-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	12	15	-3
b	1,976	2,024	-48
c	2,478	1,336	1,142
d	4,967	5,031	-64
e	434	436	-2
	7,049	4,610	2,439
	18,051	10,808	7,243
	525	587	-62
	2	2
	21,934	21,917	17
	36,571	36,558	13
	111,035	111,385	-350
	14,661	14,719	-58
	20,972	11,065	9,907
	18,072	11,986	6,086
	517	517
	512	542	-30
	9	13	-4
	16	23	-7
	1,532	1,538	-6
	74	78	-4
	7,098	4,662	2,436
	4,974	5,031	-57
	5,000	5,013	-13
	961	961
	4,527	2,624	1,903
	5,954	6,036	-82
	3,605	3,220	385
	286	287	-1
	7,041	4,812	2,229
	4,532	1,332	3,200
	3,505	3,660	-155
	1	2	-1
	8	12	-4
	3,340	3,461	-121
	3,643	4,265	-622
	4,762	4,844	-82
	7,472	7,951	-479
	6,817	5,469	1,348
	15,035	15,040	-5
	25,373	17,574	7,799
	2,528	1,603	925
	8,363	9,886	-1,523
	22,908	13,762	9,146
	5,169	5,322	-153
	7	9	-2
	10,131	10,007	124
	11,147	11,140	7
	1,514	1,693	-179
	2	2
	483	483
	399	422	-23
	10	15	-5
	17	24	-7
	1,499	1,504	-5
	75	79	-4
	6,224	4,320	1,904
	24,984	25,070	-86
	184,789	182,776	2,013
	1,213	1,213
	7,250	6,167	1,083
	5,558	7,009	-1,451
	5,865	3,905	1,960
	2,465	1,885	580
	1	2	-1
	8	12	-4
	5,570	5,274	296
	3,044	2,651	393
	3,893	1,919	1,974
	1,298	1,006	292
	6,442	5,871	571
	7,299	5,469	1,830
	83,259	83,237	22
	8,908	8,886	22
	5,021	4,747	274
	15,052	15,052
	23,077	23,069	8
	4,041	3,138	903
	7	9	-2
	10,058	10,122	-64
	147,469	149,054	-1,585
	56,971	57,647	-676
	263,361	263,634	-273
	59,625	59,653	-28
	147,467	79,234	68,233
	1,551	1,464	87
	4	4
	24,749	15,092	9,657
	33,762	22,832	10,930
	5,948	1,776	4,172
	418	418
	386	386
	10,003	9,966	37
	787	833	-46
	10	15	-5
	14	20	-6
	9,588	9,600	-12
	1,010	1,014	-4
	4,392	4,993	-601
	4,555	3,374	1,181
	970	970
	1	2	-1
	8	12	-4
	8,252	8,592	-340
	4,642	4,657	-15
	4,650	4,657	-7
	10,111	10,000	111
	12,996	13,035	-39
	3,171	4,246	-1,075
	3,774	2,807	967
	6,906	4,422	2,484
	7,374	9,861	-2,487
	2,270	2,111	159
	2,270	2,133	137
	12,147	9,937	2,210
	151,511	151,392	119
	5,097	5,073	24
	7	9	-2
	7,815	3,517	4,298
	5,657	2,863	2,794
	2,298	2,111	187
	2,873	2,523	350
	3,252	1,923	1,329
	4,808	4,353	455
	3,357	2,475	882
	5,001	3,150	1,851
	2,410	1,418	992
	4,043	2,387	1,656
	1,797	818	979
	5,861	4,763	1,098
	5,966	5,280	686
	6,811	5,040	1,771
	6	6
	1,156	1,156
	398	421	-23
	11	15	-4
	16	23	-7
	10,512	10,188	324
	10,013	10,027	-14
	10,010	10,027	-17
	1,019	1,019
	4,994	5,349	-355
	17	19	-2
	35,538	13,459	22,079
	2,333	1,950	383
	778	797	-19
	1	2	-1
	8	12	-4
	5,637	4,914	723
	5,006	5,013	-7
	6,697	5,520	1,177
	3,134	2,570	564
	6,463	4,518	1,945
	11,710	10,087	1,623
	5,045	4,607	438
	5,043	4,019	1,024
	5,604	5,057	547
	6,874	6,942	-68
	8	10	-2
	5,152	5,154	-2
	10,132	9,971	161
	9,122	9,090	32
	24,217	16,710	7,507
	15,356	14,868	488
	5,069	5,072	-3
	29,983	10,512	19,471
	5,990	3,921	2,069
	7,187	5,239	1,948
	19,929	13,463	6,466
	25,230	25,000	230
	13,136	12,641	495
	10,105	10,249	-144
	11,291	1,343	9,948
	10,025	10,027	-2
	378	378
	306	324	-18
	19	27	-8
	16	23	-7
	358	388	-30
	4,996	5,349	-353
	3,339	2,631	708
	7,981	7,150	831
	934	934
	1	2	-1
	9	12	-3
	45,155	44,603	552
	429,572	428,339	1,233
	6,227	6,727	-500
	6,619	4,848	1,771
	4,082	4,054	28
	15,029	15,047	-18
	7,311	7,361	-50
	4,949	4,580	369
	5,125	4,962	163
	3,939	2,945	994
	7,941	7,595	346
	5,539	4,931	608
	249	117	132
	6,476	5,904	572
	7	9	-2
	20,030	20,063	-33
	2,230	3,039	-809
	8,507	11,005	-2,498
	97,343	96,586	757
	5,183	5,183
	1,590	810	780
	2,385	919	1,466
	8	8
	10,113	9,995	118
	14,996	15,047	-51
	326	326
	389	412	-23
	19	27	-8
	17	24	-7
	19	21	-2
	6,522	6,104	418
	5,880	5,759	121
	2,237	1,498	739
	1,094	1,094
	2,040	1,587	453
	765	703	62
	4,658	3,176	1,482
	6,125	4,470	1,655
	1	2	-1
	9	12	-3
	4,262	5,180	-918
	5,445	4,255	1,190
	7,611	6,955	656
	5,397	4,363	1,034
	1,176	1,286	-110
	5,173	3,328	1,845
	9,418	5,654	3,764
	8,688	8,865	-177
	5,167	5,207	-40
	1,921	1,657	264
	5,549	4,811	738
	10,150	10,000	150
	7,360	7,353	7
	20,170	19,998	172
	2,222	2,060	162
	5,999	5,714	285
	6,093	6,719	-626
	14,983	14,645	338
	3,098	2,530	568
	6,391	5,901	490
	710	692	18
	4,470	3,914	556
	1,183	1,067	116
	11,288	10,942	346
	201,223	202,768	-1,545
	13,359	14,016	-657
	26,015	2,726	23,289
	2,541	1,498	1,043
	5,100	5,099	1
	242	242
	272	276	-4
	934	988	-54
	11	16	-5
	15	21	-6
	9,186	9,179	7
	3,703	2,224	1,479
	10,006	10,032	-26
	5,484	4,557	927
	9,994	10,032	-38
	8,827	4,275	4,552
	2,979	2,798	181
	887	887
	2,135	2,160	-25
	1	2	-1
	9	12	-3
	3,356	1,672	1,684
	4,968	5,003	-35
	20,071	19,995	76
	1,608	1,740	-132
	7	9	-2
	10,726	10,387	339
	8,205	8,159	46
	1,941	2,146	-205
	5,077	4,999	78
	4,952	4,999	-47
	8,156	8,201	-45
	19,950	20,063	-113
	4,330	4,828	-498
	8,609	8,163	446
	6,460	6,574	-114
	7,641	7,793	-152
	4,426	3,899	527
	7,733	8,165	-432
	187,220	187,641	-421
	6,106	4,866	1,240
	5,882	3,125	2,757
	2,396	1,282	1,114
	3,447	4,973	-1,526
	8	10	-2
	7,208	4,480	2,728
	4,243	6,003	-1,760
	7,032	4,421	2,611
	22,065	23,062	-997
	272	272
	2,245	2,281	-36
	278	295	-17
	11	16	-5
	16	22	-6
	49,854	48,168	1,686
	862	862
	4,370	5,963	-1,593
	7,314	4,385	2,929
	3,798	3,300	498
	1	2	-1
	9	12	-3
	6,341	5,495	846
	5,167	5,060	107
	2,221	1,925	296
	14,687	14,351	336
	8,658	5,183	3,475
	4,816	3,085	1,731
	5,328	5,008	320
	8,427	4,092	4,335
	132,678	133,153	-475
	7	9	-2
	94,552	92,669	1,883
	10,073	10,180	-107
	8,077	7,930	147
	30,115	30,252	-137
	2,983	1,603	1,380
	1,347	721	626
	4,994	5,016	-22
	5,661	5,027	634
	209	209
	1,905	1,935	-30
	105	105
	1,202	1,271	-69
	11	16	-5
	16	22	-6
	4,959	4,997	-38
	114,663	116,069	-1,406
	560,636	548,074	12,562
	413,545	201,223	212,322
	51,367	47,554	3,813
	6,000	6,108	-108
	10,976	11,198	-222
	126	126
	18,958	19,060	-102
	7,795	9,554	-1,759
	1,013	1,013
	1	2	-1
	9	13	-4
	7,624	5,188	2,436
	4,266	3,971	295
	3,709	3,284	425
	3,193	1,899	1,294
	1,064	794	270
	4,860	4,186	674
	4,444	3,899	545
	5,880	2,946	2,934
	6,166	2,249	3,917
	15,980	16,051	-71
	6,052	5,095	957
	8,005	4,854	3,151
	6,980	3,639	3,341
	7,911	3,067	4,844
	7,528	4,743	2,785
	7,216	6,988	228
	3,608	3,430	178
	7	9	-2
	5,878	4,845	1,033
	8,489	3,064	5,425
	6,990	6,401	589
	115	115
	7,168	5,623	1,545
	11,073	10,482	591
	5,546	5,070	476
	16,786	17,351	-565
	280	280
	1,982	2,014	-32
	1,112	1,176	-64
	11	16	-5
	15	21	-6
	4,282	4,868	-586
	140	140
	7,576	8,555	-979
	774	774
	2,840	2,685	155
	5,713	6,581	-868
	7,165	7,126	39
	1,404	2,375	-971
	1	3	-2
	9	13	-4
	15,039	14,997	42
	5,078	7,959	-2,881
	21,604	2,039	19,565
	5,705	4,943	762
	4,076	4,080	-4
	205,966	202,918	3,048
	23,930	23,551	379
	7,240	7,750	-510
	7	9	-2
	5,599	5,257	342
	7,469	6,740	729
	106	106
	8,512	7,446	1,066
	531	531
	1,965	1,996	-31
	179	190	-11
	201	291	-90
	28	39	-11
	127	127
	22,650	13,291	9,359
	4,999	4,975	24
	4,370	3,198	1,172
	5,841	4,904	937
	10,009	10,060	-51
	5,756	5,684	72
	3,186	2,697	489
	895	895
	2,905	1,805	1,100
	18,054	18,063	-9
	3,922	2,960	962
	1	3	-2
	9	13	-4
	4,477	5,002	-525
	5,630	5,669	-39
	6,056	6,186	-130
	3,797	3,028	769
	4,339	3,936	403
	9,099	8,206	893
	19,074	19,067	7
	8,690	4,769	3,921
	5,640	4,750	890
	3,549	5,818	-2,269
	7,569	7,130	439
	52,782	42,885	9,897
	7	9	-2
	7,885	8,250	-365
	14,051	13,996	55
	11,057	8,551	2,506
	9,346	16,694	-7,348
	11,224	11,337	-113
	116	116
	741	741
	1,742	1,770	-28
	7	11	-4
	23	33	-10
	3,391	1,277	2,114
	5,369	4,624	745
	9,454	6,739	2,715
	141	141
	39,587	39,256	331
	8,592	767	7,825
	17,571	17,992	-421
	677	677
	6,762	5,188	1,574
	88,574	88,578	-4
	75,806	76,270	-464
	1	3	-2
	9	13	-4
	181,935	181,935
	21,002	21,070	-68
	6,998		6,998
			64,462

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			-3
b			-48
c			1,142
d			-64
e			-2
			2,439
			7,243
			-62

			17
			13
			-350
			-58
			9,907
			6,086

			-30
			-4
			-7
			-6
			-4
			2,436
			-57
			-13

			1,903
			-82
			385
			-1
			2,229
			3,200
			-155
			-1
			-4
			-121
			-622
			-82
			-479
			1,348
			-5
			7,799
			925
			-1,523
			9,146
			-153
			-2
			124
			7
			-179


			-23
			-5
			-7
			-5
			-4
			1,904
			-86
			2,013

			1,083
			-1,451
			1,960
			580
			-1
			-4
			296
			393
			1,974
			292
			571
			1,830
			22
			22
			274

			8
			903
			-2
			-64
			-1,585
			-676
			-273
			-28
			68,233
			87

			9,657
			10,930
			4,172


			37
			-46
			-5
			-6
			-12
			-4
			-601
			1,181

			-1
			-4
			-340
			-15
			-7
			111
			-39
			-1,075
			967
			2,484
			-2,487
			159
			137
			2,210
			119
			24
			-2
			4,298
			2,794
			187
			350
			1,329
			455
			882
			1,851
			992
			1,656
			979
			1,098
			686
			1,771


			-23
			-4
			-7
			324
			-14
			-17

			-355
			-2
			22,079
			383
			-19
			-1
			-4
			723
			-7
			1,177
			564
			1,945
			1,623
			438
			1,024
			547
			-68
			-2
			-2
			161
			32
			7,507
			488
			-3
			19,471
			2,069
			1,948
			6,466
			230
			495
			-144
			9,948
			-2

			-18
			-8
			-7
			-30
			-353
			708
			831

			-1
			-3
			552
			1,233
			-500
			1,771
			28
			-18
			-50
			369
			163
			994
			346
			608
			132
			572
			-2
			-33
			-809
			-2,498
			757

			780
			1,466

			118
			-51

			-23
			-8
			-7
			-2
			418
			121
			739

			453
			62
			1,482
			1,655
			-1
			-3
			-918
			1,190
			656
			1,034
			-110
			1,845
			3,764
			-177
			-40
			264
			738
			150
			7
			172
			162
			285
			-626
			338
			568
			490
			18
			556
			116
			346
			-1,545
			-657
			23,289
			1,043
			1

			-4
			-54
			-5
			-6
			7
			1,479
			-26
			927
			-38
			4,552
			181

			-25
			-1
			-3
			1,684
			-35
			76
			-132
			-2
			339
			46
			-205
			78
			-47
			-45
			-113
			-498
			446
			-114
			-152
			527
			-432
			-421
			1,240
			2,757
			1,114
			-1,526
			-2
			2,728
			-1,760
			2,611
			-997

			-36
			-17
			-5
			-6
			1,686

			-1,593
			2,929
			498
			-1
			-3
			846
			107
			296
			336
			3,475
			1,731
			320
			4,335
			-475
			-2
			1,883
			-107
			147
			-137
			1,380
			626
			-22
			634

			-30

			-69
			-5
			-6
			-38
			-1,406
			12,562
			212,322
			3,813
			-108
			-222

			-102
			-1,759

			-1
			-4
			2,436
			295
			425
			1,294
			270
			674
			545
			2,934
			3,917
			-71
			957
			3,151
			3,341
			4,844
			2,785
			228
			178
			-2
			1,033
			5,425
			589

			1,545
			591
			476
			-565

			-32
			-64
			-5
			-6
			-586

			-979

			155
			-868
			39
			-971
			-2
			-4
			42
			-2,881
			19,565
			762
			-4
			3,048
			379
			-510
			-2
			342
			729

			1,066

			-31
			-11
			-90
			-11

			9,359
			24
			1,172
			937
			-51
			72
			489

			1,100
			-9
			962
			-2
			-4
			-525
			-39
			-130
			769
			403
			893
			7
			3,921
			890
			-2,269
			439
			9,897
			-2
			-365
			55
			2,506
			-7,348
			-113


			-28
			-4
			-10
			2,114
			745
			2,715

			331
			7,825
			-421

			1,574
			-4
			-464
			-2
			-4

			-68
			6,998

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	724,278
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	0	0	0.0
2012	0	0	0.0
2011	0	0	0.0
2010	0	0	0.0
2009

2	Total of line 1, column (d) ......................	2	0.0
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	0.0
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4
5	Multiply line 4 by line 3.......................	5	0
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6
7	Add lines 5 and 6.........................	7	0
8	Enter qualifying distributions from Part XII, line 4..............	8
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	18,781
	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	0
3	Add lines 1 and 2...........................	3	18,781
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	18,781
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	18,781
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 tax0	Refunded	11	0

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?........

Yes

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

COMERICA BANK Telephone no. bullet

(313) 222-5067

Located at bullet

411 W LAFAYETTEDETROITMI ZIP+4 bullet

48226

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).

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
ANDREW STRONG	CHAIRMAN 1	0
730 PENNIMAN AVENUE PLYMOUTH,MI48170	CHAIRMAN 1	0
CHARLES NICHOLL	VICE CHARMAN 1	0
12880 E NINE MILE ROAD WARREN,MI48089	VICE CHARMAN 1	0
DAVID THOMS	SECRETARY 1	0
2000 TOWN CENTER SUITE 2700 SOUTHFIELD,MI48075	SECRETARY 1	0
RICHARD STOWGER	TREASURER 1	0
8 WOODLAND PLACE GROSSE POINT,MI48230	TREASURER 1	0
DR STANLEY CAINE	TRUSTEE 1	0
925 RIVERSIDE AVE ADRIAN,MI49221	TRUSTEE 1	0
DEREK BROWN	TRUSTEE 1	0
422 W CONGRESS DETROIT,MI48226	TRUSTEE 1	0
P DOUGLAS MCDONALD	TRUSTEE 1	0
1302 CRYSTAL LANE WATERFORD,MI48327	TRUSTEE 1	0
JOHN NORRIS	TRUSTEE 1	0
2600 W BIG BEAVER ROAD TROY,MI48084	TRUSTEE 1	0
WILLIAM H LIEBOLD II	TRUSTEE 1	0
3831 CHESSINGTON LANE FARMINGTON HILLS,MI48331	TRUSTEE 1	0
ROBERT FORSYTHE	TRUSTEE 1	0
5201 CASS AVENUE 226 PRENTIS BLDG DETROIT,MI48202	TRUSTEE 1	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
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

10,274,914

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

599,790

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

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

10,874,704

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.........................

10,874,704

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

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

163,121

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

10,711,583

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

535,579

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....................

535,579

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

18,781

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

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

18,781

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

516,798

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

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

516,798

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

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

516,798

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 ..........

289,112

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

289,112

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

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

289,112

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	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7					516,798
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
b Total for prior years:2012, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	0
b From 2010.......	0
c From 2011.......	0
d From 2012.......	0
e From 2013.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2014 from Part
XII, line 4: $ 289,112
a Applied to 2013, but not more than line 2a					0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2014 distributable amount.....					289,112
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2014.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					227,686
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2010....	0
b Excess from 2011....	0
c Excess from 2012....	0
d Excess from 2013....	0
e Excess from 2014....	0

Form 990-PF (2014)

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).)

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
ADRIAN COLLEGE C/O MICHAEL AYRE 110 SOUTH MADISON AVE ADRIAN,MI492212575	NONE	EXEMPT	SUPPORT	56,992
CENTRAL UNITED METHODIST CHURCH 23 EAST ADAMS DETROIT,MI48226	NONE	EXEMPT	SUPPORT	56,992
SALVATION ARMY C/O MAJOR NORMAN MARSHALL 16130 NORTHLAND DRIVE SOUTHFIELD,MI48075	NONE	EXEMPT	SUPPORT	56,992
BOYS & GIRLS CLUB OF SE MICHIGAN C/O LEN KRICHKO 26777 HALSTED ROAD - SUITE 100 FARMINGTON HILLS,MI483313560	NONE	EXEMPT	SUPPORT	56,992
WAYNE STATE UNIVERSITY 5475 WOODWARD DETROIT,MI48202	NONE	EXEMPT	SUPPORT	56,992
Total ................................. 3a				284,960

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	2
4 Dividends and interest from securities....			14	126,980
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	724,278
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aOTHER REVENUE			14	154,621
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				1,005,881

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

131,005,881

(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

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
SKYBRIDGE MULTI ADV	AT COST	1,263,692	1,312,582
ECKHARDT FUTURES LP	AT COST	467,728	467,555