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
THE MARY ALICE FORTIN FOUNDATION

% DANIELLE H MOORE

Number and street (or P.O. box number if mail is not delivered to street address)201 CHILEAN AVENUE Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PALM BEACH, FL33480

A Employer identification number

59-2469696

B Telephone number (see instructions)

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

$204,087,351J 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)..............	4,087,914
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	2,768		2,768
4	Dividends and interest from securities......	3,229,487		3,229,439
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		5,550,845
b	Gross sales price for all assets on line 6a 47,971,237
7	Capital gain net income (from Part IV, line 2)...			5,550,845
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).......		182,462	391,818
12	Total. Add lines 1 through 11........	13,053,476		9,174,870
13	Compensation of officers, directors, trustees, etc.	1,135,000		567,500		567,500
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	208,000		104,000		104,000
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		15,000	7,500	0	7,500
c	Other professional fees (attach schedule)....		1,800,420	1,800,420
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		395,496	65,173		16,195
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	608		304		304
22	Printing and publications..........	1,725				1,725
23	Other expenses (attach schedule).......		27,546	8,649		10,958
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	3,583,795		2,553,546	0	708,182
25	Contributions, gifts, grants paid........	6,070,950				6,070,950
26	Total expenses and disbursements. Add lines 24 and 25	9,654,745		2,553,546	0	6,779,132
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	3,398,731
b	Net investment income (if negative, enter -0-)			6,621,324
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..........	6,995,551	15,733,259	15,733,259
	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)	63,882	95,988	95,958
	b	Investments—corporate stock (attach schedule)........	103,437,773	110,097,729	155,011,118
	c	Investments—corporate bonds (attach schedule)........	693,552	941,461	946,176
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	21,338,874	21,990,499	30,809,999
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	14,417,789	1,490,841	1,490,841
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	146,947,421	150,349,777	204,087,351
	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 )	214,769	218,394
	23	Total liabilities (add lines 17 through 22)..........	214,769	218,394
		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.........	146,732,652	150,131,383
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	0	0
	30	Total net assets or fund balances (see instructions)......	146,732,652	150,131,383
	31	Total liabilities and net assets/fund balances (see instructions)..	146,947,421	150,349,777

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	146,732,652
2	Enter amount from Part I, line 27a.....................	2	3,398,731
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	150,131,383
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	150,131,383

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	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES
b	BASIS ADJUSTMENTS
c	BASIS ADJUSTMENT - BLACKSTONE
d	BASIS ADJUSTMENT - KKR		2014-04-16
e	BASIS ADJUSTMENT - POWERSHARES		2014-03-03
	BASIS ADJUSTMENT - US NAT GAS		2014-04-03
	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	47,755,962	42,421,961	5,334,001
b			1,959
c			835
d			2,318
e			973
			-4,516
			215,275

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			5,334,001
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	5,550,845
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	5,414,872	171,398,837	0.031592
2012	3,019,601	87,464,236	0.034524
2011	3,232,132	52,887,937	0.061113
2010	788,320	13,456,352	0.058583
2009	557,175	5,036,906	0.110619

2	Total of line 1, column (d) ......................	2	0.296431
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	0.059286
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	198,686,414
5	Multiply line 4 by line 3.......................	5	11,779,323
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	66,213
7	Add lines 5 and 6.........................	7	11,845,536
8	Enter qualifying distributions from Part XII, line 4..............	8	6,779,132
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	132,426
	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	132,426
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	132,426
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	260,767
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	50,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	310,767
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	178,341
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax178,341	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? Click to see list of attachments

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

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 Click to see list of attachments

....

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?...................

Yes

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

If "Yes," attach the statement required by General Instruction T. Click to see list of attachments

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

DANIELLE H MOORE Telephone no. bullet

(561) 835-0103

Located at bullet

201 CHILEAN AVEPALM BEACHFL ZIP+4 bullet

33480

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
DANIELLE HICKOX MOORE	PRES/TREAS 0	395,000	70,995
277 PENDLETON AVENUE PALM BEACH,FL33480	PRES/TREAS 0	395,000	70,995
LESLY S SMITH	DIRECTOR 0	320,000	57,515
300 CHAPEL HILL ROAD PALM BEACH,FL33480	DIRECTOR 0	320,000	57,515
SUSAN STOCKARD CHANNING	DIRECTOR 0	245,000	44,035
201 CHILEAN AVENUE PALM BEACH,FL33480	DIRECTOR 0	245,000	44,035
NICK R CLADIS	DIRECTOR 0	20,000	4,595
1931 MULBERRY DRIVE BILLINGS,MT59102	DIRECTOR 0	20,000	4,595
LARRY ALEXANDER	DIRECTOR 0	95,000	17,075
215 GARDEN RD PALM BEACH,FL33480	DIRECTOR 0	95,000	17,075
MARY ALICE PLISCO	DIRECTOR 0	20,000	4,595
3482 LANTERN BAY DR JUPITER,FL33477	DIRECTOR 0	20,000	4,595
CAROL MCCRACKEN	SECRETARY 0	20,000	4,595
245 BARTON AVE PALM BEACH,FL33480	SECRETARY 0	20,000	4,595
KELLY P MOORE	DIRECTOR 0	20,000	4,595
277 PENDLETON AVE PALM BEACH,FL33480	DIRECTOR 0	20,000	4,595

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
MORGAN STANLEY	MGT OF INVESTMENTS	492,196
399 PARK AVENUE 12TH FLOOR NEW YORK,NY10022	MGT OF INVESTMENTS	492,196
US TRUST	MGT OF INVESTMENTS	183,275
132 ROYAL PALM WAY PALM BEACH,FL33480	MGT OF INVESTMENTS	183,275
JP MORGAN CHASE BANK	MGT OF INVESTMENTS	960,881
205 ROYAL PALM WAY PALM BEACH,FL33480	MGT OF INVESTMENTS	960,881
wells fargo	mgt of investments	86,573
515 n flagler drive 1200 WEST PALM BEACH,FL33401	mgt of investments	86,573

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

193,272,006

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

8,440,089

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

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

201,712,095

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

201,712,095

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

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

3,025,681

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

198,686,414

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

9,934,321

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

9,934,321

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

132,426

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

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

132,426

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

9,801,895

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

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

9,801,895

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

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

9,801,895

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 ..........

6,779,132

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

6,779,132

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

6,779,132

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					9,801,895
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				2,877,305
b Total for prior years:2012, 2011, 2010			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......
b From 2010.......
c From 2011.......
d From 2012.......
e From 2013.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2014 from Part
XII, line 4: $ 6,779,132
a Applied to 2013, but not more than line 2a					2,877,305
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.....					3,901,827
e Remaining amount distributed out of corpus		0
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		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......
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 .............
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					5,900,068
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 ......		0
10 Analysis of line 9:
a Excess from 2010....
b Excess from 2011....
c Excess from 2012....
d Excess from 2013....
e Excess from 2014....	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
SEE SCHEDULE ATTACHED SEE SCHEDULE ATTACHED SEE SCHEDULE ATTACHED,FL33480	NONE	PUBLIC	GENERAL SUPPORT FOR PROGRAMS	6,070,950
Total ................................. 3a				6,070,950

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	151
4 Dividends and interest from securities....			14	3,232,104
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	5,550,845
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aNADG US SUPERMARKET ANCHORED FUND			41	-51,324
bREAL ESTATE OPPORTUNITY CAPITAL FD II-B	900099	-32,596	41	280,905
cMISCELLANEOUS INCOME			41	582
dENTERPRISE PRODUCTS PARTNERS (PTP)	900099	-161	41	-1,822
ePOWERSHARES DB COMMODITY (PTP)			41	-42,155
fPIONEER SOUTHWEST ENERGY PARTNERS (PTP)	900099		41
gTHE BLACKSTONE GROUP (PTP)	900099	1,057	41	11,677
hPOWERSHARES DB COMMODITY (PTP)			41	-80
iCUTLER CONVERTIBLE ABSOLUTE RETURN FD	900099	5,687	41	-11,385
jCUTLER INVESTMENT FUND	900099	111,665	41	-152,303
kNADG US CORE PLUS ACQUISITION FUND			41	-20,830
lALPHAKEYS KKR FUND XI			41	86,507
mTERRA NITROGEN COMPANY LP	900099		41	-10,641
nUNITED STATES NATURAL GAS FUND LP			41	8,010
oKKR FINANCIAL HOLDINGS LLC	900099	-206	41	-125
12 Subtotal. Add columns (b), (d), and (e)..		85,446		8,880,116

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

138,965,562

(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:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

THE MARY ALICE FORTIN FOUNDATION

Employer identification number

59-2469696

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization THE MARY ALICE FORTIN FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	MARY ALICE FORTIN IRREVOCABLE TRUST 201 CHILEAN AVENUE PALM BEACH, FL33480	$4,000,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	MARY ALICE FORTIN IRREVOCABLE TRUST 201 CHILEAN AVENUE PALM BEACH, FL33480	$87,914	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization THE MARY ALICE FORTIN FOUNDATION

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
THE MARY ALICE FORTIN FOUNDATION

Employer identification number

59-2469696

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2014 AccountingFeesSchedule

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	15,000	7,500		7,500

- TIN:

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

TY 2014 DepreciationSchedule

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

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:

TY 2014 InvestmentsCorpBondsSchedule

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

Name of Bond	End of Year Book Value	End of Year Fair Market Value
DEUTSCHE	404,819	406,406
JP MORGAN 94033003	536,642	539,770

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

Name of Stock	End of Year Book Value	End of Year Fair Market Value
US TRUST #0602 NET OF PTP ACTV	7,902,167	17,953,776
US TRUST #4349	5,787,161	7,564,792
DEUTSCHEBANK 945812	2,559,745	2,644,553
US TRUST #8667	4,819,758	5,514,336
JP MORGAN 3030004	3,893,218	5,000,973
JP MORGAN 3035003	10,266,168	12,137,411
JP MORGAN 78700007	8,200,567	14,376,239
JP MORGAN 78704009	5,690,373	9,459,779
JP MORGAN 82405007	6,443,384	7,950,340
JP MORGAN 82644001	5,921,169	7,607,901
JP MORGAN 82646006	9,260,702	16,105,321
MORGAN STANLEY 110944	9,022,723	9,653,636
MERRILL LYNCH 02179	4,440,533	5,337,939
JP MORGAN 94033003	9,850,041	11,699,248
JP MORGAN 94029001	5,594,117	8,001,645
JP MORGAN 93717002	2,220,435	2,416,550
WELLS FARGO 7429	4,437,312	7,427,077
DEUTSCHEBANK 038899	2,000,000	2,288,000
US TRUST #1780	1,788,156	1,871,602

- TIN:

TY 2014 InvestmentsGovtObligationsSch

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

US Government Securities - End of Year Book Value:

95,988

US Government Securities - End of Year Fair Market Value:

95,958

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

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

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
NADG US SUPERMARKET ANCHORED	AT COST	866,731	866,731
MARINER ATLANTIC	AT COST	0	0
PAN-MULTI STRATEGY	AT COST	2,322,879	2,556,201
AIP CUSTOM HEDGE FUND SOLUTION	AT COST	4,122,731	12,130,821
ALPHAKEY KKR FUND	AT COST	632,565	588,961
O'CONNOR GLOBAL MULTI STRAT FD	AT COST	1,010,000	1,190,691
UBS MILLENNIUM FD	AT COST	505,000	610,348
REAL ESTATE OPPOR CAP FUND II	AT COST	1,092,659	975,170
NADG US CORE PLUS ACQU FD	AT COST	438,924	438,923
NADG US CORE PLUS SYNDIC COSTS	AT COST	60,000	60,000
CUTLER CONVERT ABSOL RET FUND	AT COST	0	0
CUTLER INVESTMENT FUND	AT COST	0	0
STARWOOD PPTY REIT - US TRUST	AT COST	296,322	319,357
ALTERNATIVE INVEST - JPM DMV	AT COST	511,212	621,173
ALTERNATIVE INVEST - JPM STRAT	AT COST	407,980	358,490
ALTERNATIVE INVEST - JPM 35003	AT COST	1,054,723	990,627
BLUE MOUNTAIN CREDIT FUND	AT COST	1,010,000	1,085,266
ALTERNATIVE INVEST - JPM 33003	AT COST	122,038	257,360
ALTERNATIVE INVEST - JPM 00007	AT COST	156,312	345,975
ALTERNATIVE INVEST - JPM 04009	AT COST	322,444	312,367
ALTERNATIVE INVEST - JPM 17002	AT COST	26,932	29,032
BLACKSTONE EP II OFFSHORE	AT COST	100,000	100,000
LEGACY HARMONY	AT COST	3,000,000	2,966,354
ROC SR H&M PROP INTL FD	AT COST	235,110	223,868
GLOBAL PARTNERS OFFSHORE	AT COST	3,000,000	3,005,060
ALTERNATIVE INVEST - JPM 5007	AT COST	255,531	212,781
ALTERNATIVE INVEST - JPM 6006	AT COST	272,782	382,774
ALTERNATIVE INVEST - US TRUST	AT COST	167,624	181,669

- TIN:

TY 2014 OtherAssetsSchedule

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DIVIDEND&INTEREST RECEIVABLE	31,458	23,877	23,877
DUE FROM FORTIN FOUNDATION-PR	169,887	169,887	169,887
PREPAID FEDERAL INCOME TAX	6,905	3,208	3,208
PREPAID STATE INCOME TAX	1,000	569	569
PAYROLL TAX RECEIVABLE	0	0	0
RECEIVABLE FROM MARINER	14,208,539	1,293,300	1,293,300

- TIN:

TY 2014 OtherExpensesSchedule

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OFFICE EXPENSES	7,009
D & O INSURANCE	14,525	7,262	7,263
FL CORP FEE	123	61	62
PENSION EXPENSE	2,250	1,125	1,125
BANK CHARGES	151	76	75
POSTAGE	1,377		1,377
MEALS & ENTERTAINMENT	1,861		931
DUES AND SUBSCRIPTIONS	250	125	125

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

Description	Revenue And Expenses Per Books	Net Investment Income
misc income	582	582
POWERSHARES DB - JPM STRATEGIC	-42,155	-42,155
ENTERPRISE PRODUCTS PARTNERS (PTP)	-1,983	161
POWERSHARES DB DEUTSCHE (PTP)	-80	-80
THE BLACKSTONE GROUP L.P. (PTP)	12,734	11,678
CUTLER CONVERT ABSOLUTE RETURN FUND, L.P	-5,698	43,516
ALPHAKEYS KKR FUND XI	86,507	15,435
REAL ESTATE OPPORTUNITY CAPITAL FUND	248,309	-20,782
NADG US CORE PLUS ACQUISITION FUND	-20,830	8,432
CUTLER INVESTMENT FUND LP	-40,638	361,726
KKR FINANCIAL HOLDINGS LLC	-331	-125
NADG US SUPERMARKET ANCHORED FD	-51,324	5,428
TERRA NITROGEN COMPANY LP	-10,641	-8
UNITED STATES NATURAL GAS FD LP	8,010	8,010

- TIN:

TY 2014 OtherLiabilitiesSchedule

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

Description	Beginning of Year - Book Value	End of Year - Book Value
PAYROLL TAX PAYABLE	41	41
DUE TO FORTIN FOUNDATION	10,000	10,000
PROFIT SHARING PLAN PAYABLE	204,000	208,000
FOREIGN TAX CREDITS PAYABLE	728	353

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

Category	Amount	Net Investment Income
INVESTMENT FEES - MS 110944	100,128	100,128
CHFS FEES - MS 110944	342,068	342,068
INVESTMENT FEES - ML 02179	38,748	38,748
ADR FEES - ML 02179	5,223	5,223
INVESTMENT FEES - UST 4349	65,701	65,701
INVESTMENT FEES - 0602	117,574	117,574
INVESTMENT FEES - JPM 73035003	24,193	24,193
INVESTMENT FEES - JPM 34106000	1	1
INVESTMENT FEES - DEUTSCHE 812	33,524	33,524
INVESTMENT FEES - JPM 78704009	10,522	10,522
ADR FEES - JPM 78704009	498	498
INVESTMENT FEES - JPM 73030004	14,894	14,894
INVESTMENT FEES - JPM 94029001	8,095	8,095
ADR FEES - JPM 94029001	420	420
INVESTMENT FEES - BRANDYWINE	135,598	135,598
INVESTMENT FEES - JPM 94033003	12,913	12,913
ADR FEES - JPM 74033003	3,688	3,688
INVESTMENT FEES - JPM 93717002	2,763	2,763
ADR FEES - JPM 93717002	1,794	1,794
INVESTMENT FEES - JPM 82405007	8,268	8,268
ADR FEES - JPM 82405007	50	50
INVESTMENT FEES - JPM 82646006	16,015	16,015
INVESTMENT FEES - JPM 82644001	11,860	11,860
ADVISORY FEES - WELLS 7429	86,573	86,573
INVESTMENT FEES - JPM 78700007	14,606	14,606
INVESTMENT FEES - MS 119799	50,000	50,000
INVESTMENT FEES - CLADIS	68,209	68,209
INVESTMENT FEES - CULLEN	11,088	11,088
INVESTMENT FEES - DF DENT	166,160	166,160
INVESTMENT FEES - D WINTHROP	105,230	105,230
INVESTMENT FEES - DVM	57,820	57,820
INVESTMENT FEES - LEVIN	62,134	62,134
INVESTMENT FEES - NORTHERN	51,821	51,821
INVESTMENT FEES - ROANOKE	124,906	124,906
INVESTMENT FEES - STRATEGIC	47,335	47,335

- TIN:

TY 2014 TaxesSchedule

Name:

THE MARY ALICE FORTIN FOUNDATION

EIN: 59-2469696

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FOREIGN TAXES - US TRUST 4349	4,142	4,142
FOREIGN TAXES - US TRUST 0602	1,953	1,953
FOREIGN TAXES - JPM 73035003	994	994
FOREIGN TAXES -DEUTSCHE 945812	1,574	1,574
FEDERAL TAX	314,128
FOREIGN TAXES - ML 02179	2,180	2,180
FOREIGN TAXES - MS 110944	2,414	2,414
PAYROLL TAXES	32,390	16,195	16,195
FOREIGN TAX - JPM 78700007	240	240
FOREIGN TAX - JPM 78704009	4,662	4,662
FOREIGN TAX - JPM 3030004	194	194
FOREIGN TAX - JPM 94033003	11,808	11,808
FOREIGN TAX - JPM 94029001	2,125	2,125
FOREIGN TAX - JPM 93717002	12,430	12,430
FOREIGN TAX - JPM 82405007	732	732
FOREIGN TAX - JPM 82646006	513	513
FOREIGN TAX - JPM 82644001	2,337	2,337
FOREIGN TAX - WF 7429	680	680