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 RIVERSVILLE FOUNDATION
C/O BRUNO CASOLARI EXECUTIVE DIRECTOR

Number and street (or P.O. box number if mail is not delivered to street address)HCDC - 1465 NELSON AVE NO STE A Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10452

A Employer identification number

06-6504128

B Telephone number (see instructions)

(718) 588-1472

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

$42,571,950J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	33,841		30,620
4	Dividends and interest from securities......	792,201		792,201
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		4,009,572
b	Gross sales price for all assets on line 6a 28,220,310
7	Capital gain net income (from Part IV, line 2)...			4,009,572
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).......		2,000	2,000
12	Total. Add lines 1 through 11........	4,837,614		4,834,393
13	Compensation of officers, directors, trustees, etc.	124,500		62,250	62,250
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		6,120	6,120	0
c	Other professional fees (attach schedule)....
17	Interest...............	18		18	0
18	Taxes (attach schedule) (see instructions)...		27,467	19,592	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	10,232		0	10,232
22	Printing and publications..........
23	Other expenses (attach schedule).......		128,812	128,812	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	297,149		216,792	72,482
25	Contributions, gifts, grants paid........	1,492,000			1,492,000
26	Total expenses and disbursements. Add lines 24 and 25	1,789,149		216,792	1,564,482
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	3,048,465
b	Net investment income (if negative, enter -0-)			4,617,601
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..........	3,041,138	592,601	592,601
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	32,979,882	27,225,721	30,747,634
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	0	11,251,163	11,231,715
	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)	36,021,020	39,069,485	42,571,950
	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	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.........	0	0
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	36,021,020	39,069,485
	30	Total net assets or fund balances (see instructions)......	36,021,020	39,069,485
	31	Total liabilities and net assets/fund balances (see instructions)..	36,021,020	39,069,485

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	36,021,020
2	Enter amount from Part I, line 27a.....................	2	3,048,465
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	39,069,485
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	39,069,485

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	2,190 SHS SPDR TRUST SERIES 1	P	2014-09-17	2014-12-01
b	19,045.916 SHS TEMPLETON GLOBAL BD FD	P	2014-11-17	2014-12-01
c	750,000 SHS US TSY BD FED	P	2014-06-23	2014-12-01
d	12,160 SHS VANGUARD FTSE EMERGING MKTS	P	2012-08-06	2014-12-01
e	5,752 SHS VANGUARD INDEX FDS S&P 500	P	2012-08-06	2014-08-05
	MFO MS INSTL FD	P	2013-12-26	2014-05-15
	MFO VANGUARD HORIZON GLOBAL EQUITY	P	2013-12-26	2014-05-15
	MFO DOUBLELINE TOTAL RETURN BOND FD	P	2014-05-15	2014-10-29
	MFC ISHARES TR RUSSELL 2000 INDEX FD	P	2012-07-14	2014-05-12
	MFO MS INSTL FD	P	2012-07-14	2014-05-15
	MFO MORGAN STANLEY INSTL FD	P	2012-07-14	2014-05-15
	PIMCO FUNDS TOTAL RETURN FUND	P	2013-04-25	2014-05-15
	MFO VANGUARD HORIZON GLOBAL EQUITY	P	2012-12-31	2014-05-15
	MFC VANGUARD INTL EQUITY INDEX	P	2012-12-03	2014-05-15
	MFC VANGUARD INTL EQUITY INDEX	P	2012-12-03	2014-05-27
	PIMCO FUNDS TOTAL RETURN FUND	P	2013-04-25	2014-05-29
	MFO VANGUARD HORIZON GLOBAL EQUITY	P	2013-04-25	2014-05-29
	MFO VANGUARD LTD TERM FD	P	2013-05-06	2014-05-29
	MFO VANGUARD HORIZON GLOBAL EQUITY	P	2012-11-19	2014-06-26
	MFO VANGUARD HORIZON GLOBAL EQUITY	P	2012-11-19	2014-08-18
	MFC FLEXSHARES TR MORNINGSTAR GLOBAL	P	2013-04-10	2014-09-24
	PIMCO FUNDS TOTAL RETURN FUND	P	2013-04-25	2014-10-29
	51 SHS FEI CO	P	2014-05-19	2014-05-22
	90 SHS FEI CO	P	2014-05-19	2014-05-23
	49 SHS WEB COM GROUP INC	P	2014-05-19	2014-06-05
	78 SHS WEB COM GROUP INC	P	2014-05-19	2014-06-06
	30 SHS ARGO GROUP INTL HOLDINGS	P	2014-05-19	2014-06-06
	14 SHS ARGO GROUP INTL HOLDINGS	P	2014-05-19	2014-06-06
	4 SHS WEB COM GROUP INC	P	2014-05-19	2014-06-12
	43 SHS WEB COM GROUP INC	P	2014-05-19	2014-06-12
	46 SHS UNDER ARMOUR INC	P	2014-05-19	2014-06-13
	43 SHS UNDER ARMOUR INC	P	2014-06-13	2014-05-19
	44 SHS UNDER ARMOUR INC	P	2014-06-13	2014-05-19
	79 SHS CST BRANDS INC	P	2014-06-17	2014-05-19
	10 SHS CST BRANDS INC	P	2014-06-17	2014-05-19
	60 SHS UNDER AMOUR INC	P	2014-06-17	2014-05-19
	150 SHS CST BRANDS INC	P	2014-06-18	2014-05-19
	32 SHS CST BRANDS INC	P	2014-06-19	2014-05-19
	8 SHS UNDER AMOUR INC	P	2014-06-19	2014-05-19
	50 SHS AAON INC	P	2014-06-20	2014-05-19
	26 SHS UNDER ARMOUR INC	P	2014-06-20	2014-05-19
	4 SHS AAON INC	P	2014-06-23	2014-05-19
	138 SHS THORATEC LABS CORP	P	2014-06-23	2014-05-19
	3 SHS UNDER ARMOUR INC	P	2014-06-23	2014-05-19
	2 SHS AAON INC	P	2014-06-24	2014-05-19
	95 SHS THORATC LABS CORP	P	2014-06-24	2014-05-19
	18 SHS UNDER ARMOUR INC	P	2014-06-24	2014-05-19
	108 SHS SHUTTERFLY INC	P	2014-07-02	2014-05-19
	14 SHS SHUTTERFLY INC	P	2014-07-02	2014-05-19
	0.5 SHS AAON INC	P	2014-07-17	2014-05-19
	91 SHS CADENCE DESIGN SYS INC	P	2014-07-22	2014-05-19
	113 SHS CADENCE DESIGN SYS INC	P	2014-07-22	2014-05-19
	13 SHS PARSLEY ENERGY INC	P	2014-07-22	2014-05-19
	108 SHS UNDER ARMOUR INC	P	2014-07-24	2014-05-19
	40 SHS KNOWLES CROP	P	2014-07-25	2014-05-19
	27 SHS KNOWLES CORP	P	2014-07-25	2014-05-19
	244 SHS KNOWLES CORP	P	2014-07-25	2014-05-19
	28 SHS GEOSPACE TECHNOLOGIES CORP	P	2014-07-29	2014-05-19
	59 SHS THORATEC LABS CORP	P		2014-05-19
	4 SHS GEOSPACE TECHNOLOGIES CORP	P		2014-05-19
	60 SHS GEOSPACE TECHNOLOGIES CORP	P	2014-07-30	2014-05-19
	15 SHS THORATEC LABS CORP	P	2014-07-30	2014-05-19
	21 SHS GENERAC HLDGS INC	P	2014-07-31	2014-05-19
	170 SHS GENERAC HLDGS INC	P	2014-07-31	2014-05-19
	133 SHS TRIMAS CORP	P	2014-07-31	2014-05-19
	59 SHS TRIMAS CORP	P	2014-07-31	2014-05-19
	10 SHS TRIMAS CORP	P	2014-07-31	2014-05-19
	43 SHS WEB COM GROUP INC	P	2014-08-01	2014-05-19
	87 SHS WEB COM GROUP INC	P	2014-08-01	2014-05-19
	287 SHS WEB COM GROUP INC	P	2014-08-01	2014-05-19
	44 SHS WEB COM GROUP INC	P	2014-08-01	2014-05-19
	8 SHS TRIMAS CORP	P	2014-08-05	2014-05-19
	83 SHS GEOSPACE TECHNOLOGIES CORP	P	2014-08-06	2014-05-19
	8 SHS GEOSPACE TECHNOLOGIES CORP	P	2014-08-06	2014-05-19
	105 SHS TRIMAS CORP	P	2014-08-06	2014-05-19
	27 SHS TRIMAS CORP	P	2014-08-06	2014-05-19
	207 SHS THORATEC LABS CORP	P	2014-08-07	2014-05-19
	30 SHS TRIMAS CORP	P	2014-08-07	2014-05-19
	8 SHS OSI SYSTEMS INC	P	2014-08-08	2014-05-19
	34 SHS OSI SYSTEMS INC	P	2014-08-11	2014-05-19
	29 SHS OSI SYSTEMS INC	P	2014-08-15	2014-05-19
	17 SHS OSI SYSTEMS INC	P	2014-08-18	2014-05-19
	68 SHS OSI SYSTEMS INC	P	2014-08-18	2014-05-19
	158 SHS SEAWORLD ENTMT INC	P	2014-08-18	2014-05-19
	60 SHS OSI SYSTEMS INC	P	2014-08-19	2014-05-19
	25 SHS OSI SYSTEMS INC	P	2014-08-19	2014-05-19
	141 SHS SEAWORLD ENTMT INC	P	2014-08-19	2014-05-19
	140 SHS SEAWORLD ENTMT INC	P	2014-08-19	2014-05-19
	10 SHS SPRINGLEAF HLDGS INC	P	2014-08-19	2014-05-19
	65 SHS SONIC CORP	P	2014-08-20	2014-05-19
	40 SHS SPRINGLEAF HLDGS INC	P	2014-08-20	2014-05-19
	18 SHS SPRINGLEAF HLDGS INC	P	2014-08-20	2014-05-19
	52 SHS SONIC CORP	P	2014-08-21	2014-05-19
	19 SHS SPRINGLEAF HLDGS INC	P	2014-08-21	2014-05-19
	12 SHS SPRINGLEAF HLDGS INC	P	2014-08-21	2014-05-19
	20 SHS SPRINGLEAF HLDGS INC	P	2014-08-21	2014-05-19
	116 SHS SONIC CORP	P	2014-08-22	2014-05-19
	77 SHS SONICE CORP	P	2014-08-25	2014-05-19
	6 SHS CHARLES RIVER LABORATORIES	P	2014-09-09	2014-05-19
	6 SHS CHARLES RIVER LABORATORIES	P	2014-09-09	2014-05-19
	27 SHS CHARLES RIVER LABORATORIES	P	2014-09-10	2014-05-19
	93 SHS MEDNAX INC	P	2014-09-10	2014-05-19
	98 SHS MEDNAX INC	P	2014-09-11	2014-05-19
	136 SHS RAMBUS INC	P	2014-09-12	2014-05-19
	135 SHS SHUTTERFLY INC	P	2014-09-12	2014-05-19
	27 SHS SHUTTERFLY INC	P	2014-09-15	2014-05-19
	24 SHS SHUTTERFLY INC	P	2014-09-15	2014-05-19
	103 SHS SKETCHERS USA INC	P	2014-09-17	2014-05-19
	58 SHS SPRINGLEAF HLDGS INC	P	2014-09-19	2014-05-19
	17 SHS SPRINGLEAF HLDGS INC	P	2014-09-19	2014-05-19
	151 SHS MEDNAX INC	P	2014-09-23	2014-05-19
	40 SHS MEDNAX INC	P	2014-09-24	2014-05-19
	99 SHS MEDNAX INC	P	2014-09-24	2014-05-19
	104 SHS SKECHERS USA INC	P	2014-09-24	2014-05-19
	19 SHS QLIK TECHNOLOGIES INC	P	2014-09-26	2014-05-19
	101 SHS QLIK TECHNOLOGIES INC	P	2014-09-26	2014-05-19
	14 SHS QLIK TECHNOLOGIES INC	P	2014-09-26	2014-05-19
	106 SHS QLIK TECHNOLOGIES INC	P	2014-09-26	2014-05-19
	124 SHS REXNORD CORP	P	2014-09-26	2014-05-19
	293 SHS COMMVAULT SYS INC	P	2014-10-01	2014-05-19
	67 SHS COMMVAULT SYS INC	P	2014-10-01	2014-05-19
	8 SHS COMMVAULT SYS INC	P	2014-10-01	2014-05-19
	135 SHS GENERAC HLDGS INC	P	2014-10-01	2014-05-19
	71 SHS QLIK TECHNOLOGIES INC	P	2014-10-09	2014-05-19
	100 SHS QLIK TECHNOLOGIES INC	P	2014-10-09	2014-05-19
	101 SHS SHUTTERFLY INC	P	2014-10-13	2014-05-19
	45 SHS WATTS INDUSTRIES INC	P	2014-10-14	2014-05-19
	29 SHS HEARTWARE INTL INC	P	2014-10-15	2014-05-19
	124 SHS HOMEAWAY INC	P	2014-10-15	2014-05-19
	33 SHS MSA SAFETY INC	P	2014-10-15	2014-05-19
	15 SHS MSA SAFETY INC	P	2014-10-15	2014-07-25
	252 SHS QLIK TECHNOLOGIES INC	P	2014-10-15	2014-05-19
	37 SHS QLIK TECHNOLOGIES INC	P	2014-10-15	2014-05-19
	15 SHS WATTS INDUSTRIES INC	P	2014-10-15	2014-05-19
	25 SHS WATTS INDUSTRIES INC	P	2014-10-15	2014-05-19
	103 SHS ELECTRONICS FOR IMAGING INC	P	2014-10-16	2014-05-19
	14 SHS HEARTWARE INTL INC	P	2014-10-16	2014-05-19
	38 SHS MSA SAFETY INC	P	2014-10-16	2014-05-19
	52 SHS VERIFONE SYSTEMS INC	P	2014-10-16	2014-05-19
	69 SHS VERIFONE SYSTEMS INC	P	2014-10-16	2014-05-19
	40 SHS FRANCESCAS HLDGS CORP	P	2014-10-17	2014-05-19
	414 SHS FRANCESCAS HLDGS CORP	P	2014-10-17	2014-05-19
	202 SHS FRANCESCAS HLDGS CORP	P	2014-10-17	2014-05-19
	405 SHS GLOBUS MED INC	P	2014-10-28	2014-05-19
	11 SHS SPRINGLEAF HLDGS INC	P	2014-10-29	2014-05-19
	66 SHS SPRINGLEAR HLDGS INC	P	2014-10-29	2014-05-19
	63 SHS GLOBUS MED INC	P	2014-10-31	2014-05-19
	98 SHS GLOBUS MED INC	P	2014-10-31	2014-05-19
	44 SHS REALPAGE INC	P	2014-10-31	2014-05-19
	99 SHS REALPAGE INC	P	2014-10-31	2014-05-19
	198 SHS REALPAGE INC	P	2014-10-31	2014-05-19
	99 SHS REALPAGE INC	P	2014-10-31	2014-05-19
	99 SHS REALPAGE INC	P	2014-10-31	2014-05-19
	184 SHS REALPAGE INC	P	2014-11-03	2014-05-19
	111 SHS ABIOMED INC	P	2014-11-04	2014-05-19
	118 SHS CHUYS HOLDINGS INC	P	2014-11-05	2014-05-19
	43 SHS CHUYS HOLDINGS INC	P	2014-11-05	2014-05-19
	24 SHS WEB COM GROUP INC	P	2014-11-06	2014-05-19
	300 SHS WEB COM GROUP INC	P	2014-11-06	2014-05-19
	251 SHS WEB COM GROUP INC	P	2014-11-06	2014-05-19
	14 SHS SPRINGLEAF HLDGS INC	P	2014-11-12	2014-05-19
	14 SHS SPRINGLEAF HLDGS INC	P	2014-11-12	2014-05-19
	63 SHS SPRINGLEAF HLDGS INC	P	2014-11-13	2014-05-19
	29 SHS SPRINGLEAF HLDGS INC	P	2014-11-14	2014-05-19
	64 SHS SPRINGLEAF HLDGS INC	P	2014-11-17	2014-05-19
	13 SHS C&J ENERGY SVCS INC	P	2014-11-28	2014-05-19
	30 SHS FORUM ENERGY TECH COM	P	2014-11-28	2014-05-19
	109 SHS C&J ENERGY SVCS INC	P	2014-12-03	2014-05-19
	248 SHS C&J ENERGY SVCS INC	P	2014-12-03	2014-05-19
	91 SHS C&J ENERGY SVCS INC	P	2014-12-03	2014-05-19
	143 SHS FORUM ENERGY TECH COM	P	2014-12-03	2014-05-19
	100 SHS KORN/FERRY INTL COM	P	2014-12-03	2014-05-19
	85 SHS NEWPARK RESOURCES INC	P	2014-12-03	2014-05-19
	176 SHS NEWPARK RESOURCES INC	P	2014-12-03	2014-05-19
	44 SHS NEWPARK RESOURCES INC	P	2014-12-03	2014-05-19
	96 SHS NEWPARK RESOURCES INC	P	2014-12-03	2014-05-19
	107 SHS NEWPARK RESOURCES INC	P	2014-12-03	2014-05-19
	79 SHS NEWPARK RESOURCES INC	P	2014-12-03	2014-05-19
	18 SHS NEWPARK RESOURCES INC	P	2014-12-03	2014-05-19
	110 SHS NEWPARK RESOURCES INC	P	2014-12-03	2014-05-19
	69 NEWPARK RESOURCES INC	P	2014-12-03	2014-05-19
	51 SHS NOODLES & CO	P	2014-12-03	2014-05-19
	134 SHS NOODLES & CO	P	2014-12-03	2014-05-19
	112 SHS J2 GLOBAL INC	P	2014-12-08	2014-05-19
	285 SHS KORN/FERRY INTL COM	P	2014-12-09	2014-05-19
	6 SHS KORN/FERRY INTLS COM	P	2014-12-09	2014-05-19
	94 SHS SPRINGLEAF HLDGS INC	P	2014-12-09	2014-05-19
	37 SHS SPRINGLEAF HLDGS INC	P	2014-12-10	2014-05-19
	44 SHS SPRINGLEAF HLDGS INC	P	2014-12-10	2014-05-19
	25 SHS OXFORD INDS INC	P	2014-12-11	2014-06-05
	22 SHS OXFORD INDS INC	P	2014-12-11	2014-05-19
	109 SHS SHUTTERSTOCK INC	P	2014-12-12	2014-05-19
	102 SHS SHUTTERSTOCK INC	P	2014-12-12	2014-05-19
	93 SHS DUNKIN BRANDS GROUP INC	P	2014-12-18	2014-05-19
	15 SHS HEARTWARE INTL INC	P	2014-12-23	2014-05-19
	25 SHS HEARTWARE INTL INC	P	2014-12-23	2014-05-19
	19 SHS HEARTWARE INTL INC	P	2014-12-24	2014-05-19
	48 SHS HEARTWARE INTL INC	P	2014-12-26	2014-05-19
	8 SHS HEARTWARE INTL INC	P	2014-12-26	2014-05-19
	21 SHS HEARTWARE INTL INC	P	2014-12-29	2014-05-19
	19 SHS HEARTWARE INTL INC	P	2014-12-29	2014-05-19
	42 SHS HEARTWARE INTL INC	P	2014-12-30	2014-05-19
	88 SHS DOVER CORP	P	2014-06-06	2014-06-06
	73 SHS FRANKLIN RESOURCES INC	P	2014-06-06	2014-06-06
	167 SHS UNILEVER N V	P	2014-06-06	2014-06-06
	235 SHS DOVER CORP	P	2014-06-06	2014-06-09
	376 SHS FRANKLIN RESOURCES INC	P	2014-06-06	2014-06-09
	495 SHS UNILEVER N V	P	2014-06-06	2014-06-09
	26 SHS EVEREST RE GROUP LTD	P	2014-06-06	2014-06-09
	39 SHS EVEREST RE GROUP LTD	P	2014-06-06	2014-06-10
	39 SHS EVEREST RE GROUP LTD	P	2014-06-06	2014-06-11
	70 SHS EVEREST RE GROUP LTD	P	2014-06-06	2014-06-12
	155 SHS TIME INC	P	2014-06-06	2014-06-19
	0.63 SHS TIME INC	P	2014-06-06	2014-06-24
	461 SHS ADR ABERDEEN ASSET MGMT	P	2014-06-06	2014-06-30
	917 SHS ADR ABERDEEN ASSET MGMT	P	2014-06-06	2014-07-02
	2,301 SHS ADR ABERDEEN ASSET MGMT	P	2014-06-06	2014-07-03
	135 SHS ADR INTERCONTINENTAL HOTELS GROUP	P	2014-06-06	2014-07-14
	220 SHS ADR INTERCONTINENTAL HOTELS GROUP	P	2014-06-06	2014-07-15
	0.23 SHS ADR INTERCONTINENTAL HOTELS GROUP	P	2014-06-06	2014-07-16
	107 SHS ADR INTERCONTINENTAL HOTELS GROUP	P	2014-06-06	2014-07-16
	94 SHS ADR INTERCONTINENTAL HOTELS GROUP	P	2014-06-06	2014-07-17
	333 SHS TIME WARNER INC	P	2014-06-06	2014-07-17
	94 SHS ADR INTERCONTINENTAL HOTELS GROUP	P	2014-06-06	2014-07-18
	99 SHS ADR INTERCONTINENTAL HOTELS GROUP	P	2014-06-06	2014-07-22
	65 SHS ADR INTERCONTINENTAL HOTELS GROUP	P	2014-06-06	2014-07-23
	676 SHS DISCOVERY COMMUNICATIONS INC	P	2014-06-06	2014-08-01
	28 SHS ADR INTERCONTINENTAL HOTELS GROUP	P	2014-06-06	2014-08-01
	92 SHS ADR INTERCONTINENTAL HOTELS GROUP	P	2014-06-06	2014-08-04
	172 SHS CME GROUP INC	P	2014-06-06	2014-08-06
	512 SHS APPLE COMPUTER INC	P	2014-06-06	2014-08-22
	1,119 SHS CISCO SYS INC	P	2014-06-06	2014-08-22
	130 SHS STARWOOD HOTELS & RESORTS	P	2014-06-06	2014-08-22
	256 SHS STARWOOD HOTELS & RESORTS	P	2014-06-06	2014-08-25
	80 SHS AETNA INC	P	2014-06-06	2014-08-29
	53 SHS CME GROUP INC	P	2014-06-06	2014-08-29
	71 SHS WELLPOINT INC	P	2014-06-06	2014-08-29
	64 SHS AETNA INC	P	2014-06-06	2014-09-02
	153 SHS CME GROUP INC	P	2014-06-06	2014-09-02
	137 SHS NASDAQ STOCK MARTKET INC	P	2014-06-06	2014-09-02
	135 SHS WELLPOINT INC	P	2014-06-06	2014-09-03
	108 SHS WELLPOINT INC	P	2014-06-06	2014-09-04
	66 SHS CME GROUP INC	P	2014-06-06	2014-09-08
	243 SHS CME GROUP INC	P	2014-06-06	2014-09-09
	155 SHS NASDAQ STOCK MARTKET INC	P	2014-06-06	2014-09-16
	138 SHS NASDAQ STOCK MARKET INC	P	2014-06-06	2014-09-17
	72 SHS NASDAQ STOCK MARKET INC	P	2014-06-06	2014-09-18
	151 SHS NASDAQ STOCK MARKET INC	P	2014-06-06	2014-09-19
	210 SHS QUALCOMM INC	P	2014-06-06	2014-10-09
	321 SHS QUALCOMM INC	P	2014-06-06	2014-10-21
	695 SHS COCA COLA CO	P	2014-06-06	2014-10-22
	569 SHS QUALCOMM INC	P	2014-06-06	2014-10-23
	783 SHS EBAY INC	P	2014-06-06	2014-10-28
	296 SHS WELLPOINT INC	P	2014-06-06	2014-10-28
	506 SHS BANK NEW YORK MELLON CORP	P	2014-06-06	2014-10-29
	394 SHS EBAY INC	P	2014-06-06	2014-10-29
	73 SHS CME GROUP INC	P	2014-06-06	2014-10-30
	290 SHS CME GROUP INC	P	2014-06-06	2014-10-31
	211 SHS NASDAQ STOCK MARKET INC	P	2014-06-06	2014-10-31
	422 SHS MARRIOTT INTL INC	P	2014-06-06	2014-11-04
	341 SHS MASTERCARD INC	P	2014-06-06	2014-11-04
	56 SHS NASDAQ STOCK MARKET INC	P	2014-06-06	2014-11-04
	114 SHS VISA INC	P	2014-06-06	2014-11-04
	331 SHS MARRIOTT INTL INC	P	2014-06-06	2014-11-05
	188 SHS NASDAQ STOCK MARKET INC	P	2014-06-06	2014-11-05
	101 SHS NASDAQ STOCK MARKET INC	P	2014-06-06	2014-11-06
	279 SHS MARRIOTT INTL INC	P	2014-06-06	2014-12-02
	138 SHS MARRIOTT INTL INC	P	2014-06-06	2014-12-03
	531 SHS TIME WARNER INC	P	2014-06-06	2014-12-16
	411 SHS EXPRESS SCRIPTS HLDG CO	P	2014-06-06	2014-12-17
	127 SHS STARWOOD HOTELS & RESORTS	P	2014-06-06	2014-12-17
	198 SHS EXPRESS SCRIPTS HLDG CO	P	2014-06-06	2014-12-18
	334 SHS STARWOOD HOTELS & RESORTS	P	2014-06-06	2014-12-18
	500 SHS EBAY INC	P	2014-06-06	2014-12-19
	443 SHS EBAY INC	P	2014-06-06	2014-12-22
	224 SHS EBAY INC	P	2014-06-06	2014-12-23
	301 SHS EBAY INC	P	2014-06-06	2014-12-29
	K-1 SANKATY SENIOR LOAN FUND LP	P
	K-1 SANKATY SENIOR LOAN FUND LP	P
	CAPITAL GAINS 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	450,081	441,259	8,822
b	249,882	253,100	-3,218
c	748,428	748,314	114
d	493,115	501,397	-8,282
e	1,000,220	738,442	261,778
	156,353	146,587	9,766
	146,866	142,040	4,826
	400,000	400,727	-727
	2,323,371	1,638,220	685,151
	3,354,169	2,498,064	856,105
	445,104	362,436	82,668
	3,750,000	3,879,333	-129,333
	153,134	117,526	35,608
	3,450,012	2,986,949	463,063
	1,582,459	1,352,423	230,036
	1,096,358	1,129,001	-32,643
	3,000,000	2,193,655	806,345
	457,463	457,759	-296
	916,800	662,707	254,093
	1,350,000	975,452	374,548
	631,246	629,370	1,876
	400,000	413,417	-13,417
	4,063	4,177	-114
	7,176	7,372	-196
	1,677	1,640	37
	2,703	2,611	92
	1,499	1,403	96
	703	655	48
	145	134	11
	1,547	1,439	108
	2,603	2,172	431
	2,429	2,031	398
	2,485	2,078	407
	2,725	2,440	285
	345	309	36
	3,602	2,834	768
	5,169	4,633	536
	1,103	988	115
	470	378	92
	1,651	1,513	138
	1,533	1,228	305
	132	121	11
	4,713	4,324	389
	177	142	35
	66	61	5
	3,233	2,977	256
	1,061	850	211
	5,271	4,066	1,205
	678	527	151
	17	10	7
	1,533	1,429	104
	1,902	1,775	127
	308	241	67
	7,202	5,101	2,101
	1,199	1,207	-8
	808	815	-7
	7,268	7,361	-93
	1,196	1,387	-191
	1,856	1,849	7
	165	198	-33
	2,488	2,972	-484
	474	470	4
	959	1,044	-85
	7,602	8,673	-1,071
	4,283	4,624	-341
	1,889	2,051	-162
	325	348	-23
	859	1,439	-580
	1,733	2,912	-1,179
	5,666	9,605	-3,939
	871	1,473	-602
	257	278	-21
	3,214	4,111	-897
	308	396	-88
	3,364	3,651	-287
	864	939	-75
	4,975	6,486	-1,511
	951	1,043	-92
	539	442	97
	2,254	1,880	374
	1,944	1,603	341
	1,137	940	197
	4,561	3,759	802
	2,984	4,478	-1,494
	4,037	3,317	720
	1,671	1,382	289
	2,628	3,974	-1,346
	2,618	3,966	-1,348
	330	235	95
	1,394	1,330	64
	1,309	938	371
	590	422	168
	1,104	1,064	40
	617	446	171
	391	282	109
	650	469	181
	2,471	2,373	98
	1,650	1,575	75
	360	323	37
	360	323	37
	1,620	1,445	175
	5,235	5,334	-99
	5,493	5,621	-128
	1,763	1,566	197
	6,708	5,083	1,625
	1,320	1,017	303
	1,174	904	270
	6,018	4,283	1,735
	1,908	1,361	547
	558	399	159
	8,324	8,661	-337
	2,179	2,294	-115
	5,407	5,679	-272
	5,424	4,324	1,100
	505	400	105
	2,678	2,617	61
	371	393	-22
	2,816	2,976	-160
	3,466	3,332	134
	14,058	14,488	-430
	3,175	3,313	-138
	385	396	-11
	5,316	6,301	-985
	1,813	1,494	319
	2,537	2,104	433
	4,318	3,803	515
	2,482	2,629	-147
	2,283	2,734	-451
	3,723	4,090	-367
	1,578	1,820	-242
	716	829	-113
	5,825	5,303	522
	848	779	69
	821	799	22
	1,377	1,331	46
	4,097	4,211	-114
	1,094	1,320	-226
	1,790	2,027	-237
	1,492	1,732	-240
	1,982	2,298	-316
	495	564	-69
	4,975	5,852	-877
	2,423	2,855	-432
	8,545	9,982	-1,437
	405	258	147
	2,423	1,548	875
	1,414	1,553	-139
	2,195	2,415	-220
	881	858	23
	1,970	1,931	39
	3,959	3,863	96
	1,975	1,931	44
	1,977	1,931	46
	3,866	3,590	276
	3,533	2,906	627
	2,659	3,789	-1,130
	983	1,381	-398
	383	803	-420
	4,637	10,040	-5,403
	3,823	8,401	-4,578
	520	328	192
	522	328	194
	2,290	1,478	812
	1,071	680	391
	2,436	1,502	934
	214	257	-43
	738	705	33
	1,526	2,137	-611
	3,568	4,794	-1,226
	1,307	1,766	-459
	3,264	3,342	-78
	2,688	2,926	-238
	833	1,058	-225
	1,713	2,192	-479
	429	524	-95
	941	1,195	-254
	1,039	1,206	-167
	761	890	-129
	176	203	-27
	1,083	1,240	-157
	669	778	-109
	1,252	1,610	-358
	3,273	4,230	-957
	6,640	5,287	1,353
	7,722	8,338	-616
	162	176	-14
	3,476	2,205	1,271
	1,333	868	465
	1,611	1,032	579
	1,443	1,652	-209
	1,274	1,449	-175
	6,558	7,060	-502
	6,325	6,658	-333
	3,926	4,171	-245
	1,083	1,414	-331
	1,814	2,357	-543
	1,385	1,791	-406
	3,494	4,525	-1,031
	584	754	-170
	1,520	1,976	-456
	1,383	1,791	-408
	3,029	3,685	-656
	7,774	7,808	-34
	4,139	4,155	-16
	7,193	7,203	-10
	20,852	20,851	1
	21,283	21,402	-119
	21,327	21,349	-22
	4,180	4,229	-49
	6,300	6,344	-44
	6,277	6,344	-67
	11,140	11,387	-247
	3,566	3,630	-64
	14	15	-1
	7,132	7,261	-129
	14,206	14,443	-237
	35,822	36,241	-419
	5,697	5,680	17
	9,292	9,257	35
	10	10	0
	4,507	4,502	5
	3,959	3,955	4
	28,089	22,513	5,576
	3,959	3,955	4
	4,171	4,166	5
	2,738	2,735	3
	56,089	53,177	2,912
	1,124	1,178	-54
	3,680	3,871	-191
	12,673	12,019	654
	51,783	47,506	4,277
	27,644	27,863	-219
	10,923	10,475	448
	21,515	20,628	887
	6,591	6,353	238
	4,060	3,704	356
	8,286	7,564	722
	5,212	5,082	130
	11,730	10,691	1,039
	5,956	5,215	741
	15,754	14,382	1,372
	12,717	11,505	1,212
	5,007	4,612	395
	18,454	16,980	1,474
	6,818	5,900	918
	6,071	5,253	818
	3,169	2,741	428
	6,643	5,748	895
	15,786	16,890	-1,104
	24,070	25,818	-1,748
	28,259	28,432	-173
	42,660	45,765	-3,105
	40,066	38,993	1,073
	35,227	31,533	3,694
	18,889	17,796	1,093
	20,165	19,621	544
	5,970	5,101	869
	24,092	20,264	3,828
	9,132	8,032	1,100
	31,481	26,464	5,017
	28,624	26,438	2,186
	2,451	2,132	319
	27,601	24,231	3,370
	24,682	20,757	3,925
	8,232	7,156	1,076
	4,436	3,845	591
	21,625	17,496	4,129
	10,788	8,654	2,134
	43,176	36,226	6,950
	32,870	29,366	3,504
	9,763	10,234	-471
	15,872	14,147	1,725
	26,147	26,914	-767
	28,599	24,900	3,699
	25,414	22,061	3,353
	12,883	11,155	1,728
	17,226	14,990	2,236
			-1,204
			-1,052
	69,170		69,170

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			8,822
b			-3,218
c			114
d			-8,282
e			261,778
			9,766
			4,826
			-727
			685,151
			856,105
			82,668
			-129,333
			35,608
			463,063
			230,036
			-32,643
			806,345
			-296
			254,093
			374,548
			1,876
			-13,417
			-114
			-196
			37
			92
			96
			48
			11
			108
			431
			398
			407
			285
			36
			768
			536
			115
			92
			138
			305
			11
			389
			35
			5
			256
			211
			1,205
			151
			7
			104
			127
			67
			2,101
			-8
			-7
			-93
			-191
			7
			-33
			-484
			4
			-85
			-1,071
			-341
			-162
			-23
			-580
			-1,179
			-3,939
			-602
			-21
			-897
			-88
			-287
			-75
			-1,511
			-92
			97
			374
			341
			197
			802
			-1,494
			720
			289
			-1,346
			-1,348
			95
			64
			371
			168
			40
			171
			109
			181
			98
			75
			37
			37
			175
			-99
			-128
			197
			1,625
			303
			270
			1,735
			547
			159
			-337
			-115
			-272
			1,100
			105
			61
			-22
			-160
			134
			-430
			-138
			-11
			-985
			319
			433
			515
			-147
			-451
			-367
			-242
			-113
			522
			69
			22
			46
			-114
			-226
			-237
			-240
			-316
			-69
			-877
			-432
			-1,437
			147
			875
			-139
			-220
			23
			39
			96
			44
			46
			276
			627
			-1,130
			-398
			-420
			-5,403
			-4,578
			192
			194
			812
			391
			934
			-43
			33
			-611
			-1,226
			-459
			-78
			-238
			-225
			-479
			-95
			-254
			-167
			-129
			-27
			-157
			-109
			-358
			-957
			1,353
			-616
			-14
			1,271
			465
			579
			-209
			-175
			-502
			-333
			-245
			-331
			-543
			-406
			-1,031
			-170
			-456
			-408
			-656
			-34
			-16
			-10
			1
			-119
			-22
			-49
			-44
			-67
			-247
			-64
			-1
			-129
			-237
			-419
			17
			35
			0
			5
			4
			5,576
			4
			5
			3
			2,912
			-54
			-191
			654
			4,277
			-219
			448
			887
			238
			356
			722
			130
			1,039
			741
			1,372
			1,212
			395
			1,474
			918
			818
			428
			895
			-1,104
			-1,748
			-173
			-3,105
			1,073
			3,694
			1,093
			544
			869
			3,828
			1,100
			5,017
			2,186
			319
			3,370
			3,925
			1,076
			591
			4,129
			2,134
			6,950
			3,504
			-471
			1,725
			-767
			3,699
			3,353
			1,728
			2,236
			-1,204
			-1,052
			69,170

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	4,009,572
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	1,488,292	30,037,398	0.049548
2012	740,420	19,522,207	0.037927
2011	922,995	20,891,025	0.044181
2010	1,043,687	22,159,216	0.047099
2009	876,586	19,411,318	0.045158

2	Total of line 1, column (d) ......................	2	0.223913
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	0.044783
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	41,687,407
5	Multiply line 4 by line 3.......................	5	1,866,887
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	46,176
7	Add lines 5 and 6.........................	7	1,913,063
8	Enter qualifying distributions from Part XII, line 4..............	8	1,564,482
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	92,352
	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	92,352
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	92,352
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	3,875
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	100,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	103,875
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	11,523
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax11,523	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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

BRUNO CASOLARI EXECUTIVE DIRECTOR Telephone no. bullet

(718) 588-1472

Located at bullet

HIGHBRIDGE COMMUNITY DEVELOPMENTCORP 1465 NELSON AVENUENEW YORKNY ZIP+4 bullet

10452

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
ANN D THIVIERGE	TRUSTEE 6.00	0	0	0
1100 PARK AVENUE NEW YORK,NY10128	TRUSTEE 6.00	0	0	0
ARTHUR THIVIERGE	TRUSTEE 30.00	50,000	0	0
440 ALEXIAN WAY APT 58 SIGNAL MOUNTAIN,TN37377	TRUSTEE 30.00	50,000	0	0
BRUNO CASOLARI	EXECUTIVE DIRECTOR 35.00	24,500	0	0
3 HORIZON ROAD STE 419 FORT LEE,NJ07024	EXECUTIVE DIRECTOR 35.00	24,500	0	0
MARY LOU THIVIERGE	TRUSTEE 15.00	50,000	0	0
440 ALEXIAN WAY APT 58 SIGNAL MOUNTAIN,TN37377	TRUSTEE 15.00	50,000	0	0

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

40,505,371

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

1,816,870

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

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

42,322,241

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

42,322,241

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

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

634,834

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

41,687,407

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

2,084,370

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

2,084,370

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

92,352

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

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

92,352

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

1,992,018

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

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

1,992,018

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

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

1,992,018

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 ..........

1,564,482

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

1,564,482

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

1,564,482

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				1,992,018
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......			8,999
b Total for prior years:20, 20, 20		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.........	0
4Qualifying distributions for 2014 from Part
XII, line 4: $ 1,564,482
a Applied to 2013, but not more than line 2a				8,999
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.....				1,555,483
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 ..........				436,535
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....
b Excess from 2011....
c Excess from 2012....
d Excess from 2013....
e Excess from 2014....

Form 990-PF (2014)

Page 10

Part XIV

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

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

b Check box to indicate whether the organization is a private operating foundation described in 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 e-mail address of the person to whom applications should be addressed:

MR BRUNO CASOLARI EXECUTIVE DIRECTO
1465 NELSON AVENUE
NEW YORK,NY10452
(718) 588-1472

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

ALL REQUESTS SHOULD BE MADE IN WRITING AND INCLUDE A CONCISE DESCRIPTION OF THE APPLICANT'S CHARITABLE NATURE, RATIONALE, PROPOSED USE OF FUNDS & OTHER DESCRIPTIVE MATERIAL INCLUDING SUMMARY OF PRINCIPAL'S BACKGROUND/ACTIVITIES

cAny submission deadlines:

NO SUBMISSION DEADLINES, BUT APPLICANTS SHOULD NOT EXPECT A REPLY UNLESS THERE IS AN INTEREST.

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

THE FOUNDATION IS RECEPTIVE TO A VARIETY OF PROPOSALS ON ALMOST ANY SUBJECT ALTHOUGH THERE IS A BIAS TO SUPPORT ACTIVITIES IN THE USA.

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
COMBONI MISSIONARIES 88 HIGH STREET MONTCLAIR,NJ07042	NONE	501(C)(3) ORGANIZATI	SOCIAL WELFARE	20,000
DEPAUL UNIVERSITY 1 EAST JACKSON BLVD CHICAGO,IL60604	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	120,000
ELON UNIVERSITY 2600 CAMPUS BOX ELON,NC27244	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	210,000
GUILFORD COLLEGE 5800 WEST FRIENDLY AVENUE GREENSBORO,NC27410	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	12,000
HIGHBRIDGE VOICES 111 E 59TH STREET NEW YORK,NY10022	NONE	501(C)(3) ORGANIZATI	SOCIAL WELFARE	100,000
JEAN BAPTISTE HIGH SCHOOL 173 EAST 75TH STREET NEW YORK,NY10021	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	10,000
LOYOLA OF CHICAGO 820 NORTH MICHIGAN AVE CHICAGO,IL60611	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	60,000
NC A&T STATE UNIVERSITY COLL OF ENGINEERING/ MCNAIR HALL RM 657 GREENSBORO,NC27411	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	96,000
SIMONS ROCK 84 ALFORD ROAD GREAT BARRINGTON,MA01230	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	50,000
SPELMAN COLLEGE 350 SPELMAN LANE ATLANTA,GA30314	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	247,500
UNITED NEGRO COLLEGE FUND 1805 7TH STREET NW WASHINGTON,DC20001	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	346,500
WATERLINES 302 EAST CORONADO ROAD SANTA FE,NM87505	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	20,000
YALE UNIVERSITY PO BOX 1844 NEW HAVEN,CT06508	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL/SPORTS	70,000
UNIVERSITY OF CHATTANOOGA 615 MCCALLIE AVE CHATTANOOGA,TN37403	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	96,000
AV EMPLOYEE SCHOLARSHIP FUND 7101 MERCY ROAD SUITE 240 OMAHA,NE68106	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	15,000
CATHOLIC RELIEF SERVICES 228 W LEXINGTON STREET BALTIMORE,MD21201	NONE	501(C)(3) ORGANIZATI	SOCIAL WELFARE	10,000
ROCKLAND COMMUNITY COLLEGE 145 COLLEGE RD SUFFERN,NY10901	NONE	501(C)(3) ORGANIZATI	EDUCATIONAL	9,000
Total ................................. 3a				1,492,000

bApproved for future payment

Total ................................. 3b				0

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	33,841
4 Dividends and interest from securities....			14	792,201
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.....			14	2,000
8 Gain or (loss) from sales of assets other than inventory .............			18	4,009,572
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		4,837,614	0

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

134,837,614

(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

Name of Stock	End of Year Book Value	End of Year Fair Market Value
MORGAN STANLEY 0296	0	500,000
NORTHERN TRUST 93172	20,367,111	22,804,275
MORGAN STANLEY 90297	2,920,409	3,210,619
NORTHERN TRUST 22005	1,132,093	1,270,862
NORTHERN TRUST RVL01	2,806,108	2,961,878

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
TITAN MASTERS INTERNATIONAL	AT COST	2,313,641	2,313,642
MAGNITUDE INTERNATIONAL	AT COST	2,375,419	2,375,419
CAPITAL GUARDIAN LLC	AT COST	1,700,000	1,700,000
SANKATY SENIOR LOAN FUND	AT COST	1,000,000	989,850
EMINENCE FUND LTD	AT COST	1,500,000	1,593,358
FIR TREE VALUE FUND INTL	AT COST	1,499,998	1,523,243
FIR TREE RE FUND III AIV (PERPETUAL)	AT COST	0	0
FIR TREE RE FUND III AIV (CLOSED END)	AT COST	321,528	195,626
FIR TREE RE FUND III CAYMAN, LTD	AT COST	530,577	530,577
PRIME FIN PARTNERS CALLS	AT COST	10,000	10,000

Description	Revenue and Expenses per Books	Net Investment Income
NORTHERN TRUST AGENCY FEES	23,872	23,872
INVESTMENT EXPENSES	95	95
NORTHERN TRUST QUARTERLY FEES	3,761	3,761
ADVISORY FEES	101,084	101,084

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	19,592	19,592		0
US EXCISE TAX	7,875	0		0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
NORTHERN TRUST - 93172	348	348	348
K-1 SANKATY SENIOR LOAN FUND LP	1,652	1,652	1,652