Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE FRAZIER FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)201 BEACHSIDE DRIVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
VERO BEACH, FL32963
A Employer identification number

54-1993898
B Telephone number (see instructions)

(561) 276-7631
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$179,432J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 5,100
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 1 1  
4 Dividends and interest from securities...... 2,827 2,827  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,542
b Gross sales price for all assets on line 6a 58,917
7 Capital gain net income (from Part IV, line 2)... 8,542
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).......      
12 Total. Add lines 1 through 11........ 16,470 11,370  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,645 3,323   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 296 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,227 1,227   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,168 4,550   0
25 Contributions, gifts, grants paid........ 7,500 7,500
26 Total expenses and disbursements. Add lines 24 and 25 15,668 4,550   7,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 802
b Net investment income (if negative, enter -0-) 6,820
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 8,210 8,399 8,399
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 155,228 Click to see attachment155,841 171,033
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 163,438 164,240 179,432
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 163,438 164,240
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)...... 163,438 164,240
31 Total liabilities and net assets/fund balances (see instructions).. 163,438 164,240
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)............... 1 163,438
2 Enter amount from Part I, line 27a..................... 2 802
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 164,240
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 164,240
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a AGRIUM INC P 2014-07-24 2015-06-22
b AGRIUM INC P 2014-10-22 2015-06-22
c HONG KONG EXCHANGES AND CLEARING LTD P 2015-01-27 2015-06-22
d PT ASTRA INTL P 2014-07-24 2015-06-23
e PT ASTRA INTL P 2014-10-13 2015-06-23
PERFECT WORLD CO P 2014-07-16 2015-06-12
T. ROWE PRICE GROUP INC P 2014-10-28 2015-06-22
AGRIUM INC P 2013-01-29 2015-06-22
AGRIUM INC P 2013-04-15 2015-06-22
AGRIUM INC P 2014-01-15 2015-06-22
CVS HEALTH CORPORATION P 2013-06-05 2015-06-15
PT ASTRA INTL P 2014-04-14 2015-06-23
HSBC HOLDINGS P 2014-07-24 2015-05-27
HSBC HOLDINGS P 2014-10-22 2015-05-27
HSBC HOLDINGS P 2013-01-29 2015-05-27
HSBC HOLDINGS P 2013-04-15 2015-05-27
HSBC HOLDINGS P 2013-08-26 2015-05-27
HSBC HOLDINGS P 2014-01-15 2015-05-27
MOLSON COORS BREWING CO P 2013-01-29 2015-05-27
WUXI PHARMATECH INC P 2014-07-24 2015-04-28
TATA MTRS LTD P 2015-04-13 2015-04-20
CHEVRON CORPORATION P 2013-01-29 2015-04-17
CONOCOPHILLIPS P 2013-01-29 2015-04-17
DR. PEPPER SNAPPLE GROUP P 2013-01-29 2015-04-10
DR. PEPPER SNAPPLE GROUP P 2013-09-13 2015-04-10
DR. PEPPER SNAPPLE GROUP P 2014-01-16 2015-04-10
WUXI PHARMATECH INC P 2013-01-29 2015-04-28
GRAN TIERRA ENERGY INC P 2014-07-24 2015-03-20
GRAN TIERRA ENERGY INC P 2014-10-13 2015-03-20
GRAN TIERRA ENERGY INC P 2015-01-08 2015-03-20
GRAN TIERRA ENERGY INC P 2015-01-23 2015-03-20
SAFRAN SA UNSPON ADR P 2014-04-15 2015-03-20
SAFRAN SA UNSPON ADR P 2014-07-24 2015-03-20
SAFRAN SA UNSPON ADR P 2014-10-22 2015-03-20
ICON PLC P 2014-10-15 2015-03-20
ROLLS ROYCE HOLDING P 2014-04-15 2015-03-20
ROLLS ROYCE HOLDING P 2014-10-22 2015-03-20
ADVANCED SEMICONDUCTOR ENGR INC P 2013-12-18 2015-03-20
CAPGEMINI P 2013-12-17 2015-03-20
GRAN TIERRA ENERGY INC P 2013-10-30 2015-03-20
GRAN TIERRA ENERGY INC P 2013-10-31 2015-03-20
GRAN TIERRA ENERGY INC P 2014-01-15 2015-03-20
SAFRAN SA UNSPON ADR P 2013-04-18 2015-03-20
SAFRAN SA UNSPON ADR P 2014-01-15 2015-03-20
PANDORA A/S ADR P 2014-03-18 2015-03-20
ROLLS ROYCE HOLDING P 2013-04-18 2015-03-20
ROLLS ROYCE HOLDING P 2013-08-26 2015-03-20
ROLLS ROYCE HOLDING P 2014-01-15 2015-03-20
MEDTRONIC PLC P 2015-01-27 2015-02-13
BRIDGESTONE CORP P 2013-10-31 2015-02-02
DR. PEPPER SNAPPLE GROUP P 2013-01-29 2015-02-19
VALEO SPONSORED ADR P 2013-01-29 2015-02-02
ASTRAZENECA PLC P 2014-01-15 2015-01-07
ASTRAZENECA PLC P 2014-10-22 2015-01-07
CANADIAN NATURAL P 2014-07-24 2015-01-23
JGC CORP P 2014-04-15 2015-01-27
JGC CORP P 2014-07-24 2015-01-27
JGC CORP P 2014-10-13 2015-01-27
JGC CORP P 2014-10-22 2015-01-27
JGC CORP P 2015-01-08 2015-01-27
ICON PLC P 2014-10-15 2015-01-23
KDDI CORP P 2014-01-22 2015-01-08
PT ASTRA INTL P 2014-04-14 2015-01-08
PT ASTRA INTL P 2014-04-14 2015-01-23
STATOIL P 2014-10-13 2015-01-27
STATOIL P 2014-10-22 2015-01-27
STATOIL P 2015-01-08 2015-01-27
SUBSEA 7 INC P 2014-07-24 2015-01-27
SUBSEA 7 INC P 2014-10-13 2015-01-27
SUBSEA 7 INC P 2015-01-08 2015-01-27
SUBSEA 7 INC P 2015-01-23 2015-01-08
TOYOTA MTR CORP P 2014-12-08 2015-01-23
UNILEVER PLC P 2014-09-19 2015-01-08
WABCO HOLDINGS INC P 2014-03-17 2015-01-23
WIPRO LTD P 2014-07-08 2015-01-23
ZURICH INSURANCE GROUP P 2014-05-16 2015-01-08
ZURICH INSURANCE GROUP P 2014-05-16 2015-01-23
ADVANCED SEMICONDUCTOR ENGR INC P 2013-12-18 2015-01-08
ADVANCED SEMICONDUCTOR ENGR INC P 2013-12-18 2015-01-12
AERCAP P 2013-12-18 2015-01-23
AGRIUM INC P 2013-01-29 2015-01-23
DEUTSCHE P 2013-01-29 2015-01-08
ALLIANZ P 2013-01-29 2015-01-23
ANHEUSER BUSCH P 2013-01-29 2015-01-08
ASTRAZENECA PLC P 2013-01-29 2015-01-08
ASTRAZENECA PLC P 2013-01-29 2015-01-08
ASTRAZENECA PLC P 2013-01-29 2015-01-07
BT GROUP P 2013-01-29 2015-01-07
BARRICK GOLD CORP P 2013-01-29 2015-01-07
BARRICK GOLD CORP P 2013-11-07 2015-01-23
WILLIAM BLAIR P 2013-01-29 2015-01-28
BRIDGESTONE CORP P 2013-10-31 2015-01-23
BRIDGESTONE CORP P 2013-10-31 2015-01-08
CAPGEMINI P 2013-12-17 2015-01-08
CHECK POINT P 2013-01-29 2015-01-08
CHINA MOBILE P 2013-01-29 2015-01-08
CHINA MOBILE P 2013-01-29 2015-01-23
CISCO SYSTEMS INC P 2013-01-29 2015-01-08
COPA HOLDINGS P 2013-01-29 2015-01-08
COPA HOLDINGS P 2013-01-29 2015-01-23
DR PEPPER SNAPPLE GROUP P 2013-01-29 2015-01-08
EXPRESS SCRIPTS P 2013-06-20 2015-01-08
JGC CORP P 2013-08-12 2015-01-08
JGC CORP P 2013-08-12 2015-01-27
SAFRAN SA P 2014-01-15 2015-01-08
KDDI CORP P 2013-04-18 2015-01-23
MOLSON COORS BREWING CO P 2014-01-22 2015-01-08
NETEASE INC P 2013-01-29 2015-01-05
NETEASE INC P 2013-01-29 2015-01-23
NEWMONT MINING CORP P 2013-01-29 2015-01-26
NEWMONT MINING CORP P 2013-04-19 2015-01-26
NIPPON TELEGRAPH & TELEPHONE P 2013-01-29 2015-01-23
OPPENHEIMER P 2013-01-29 2015-01-23
JPMORGAN P 2013-01-29 2015-01-23
PT BANK P 2013-04-03 2015-01-08
PIMCO P 2013-01-29 2015-01-23
ROLLS ROYCE P 2013-04-18 2015-01-08
ROYAL DUTCH SHELL P 2013-01-29 2015-01-23
SK TELECOMMUNICATIONS P 2013-01-29 2015-01-23
STATOIL P 2013-01-29 2015-01-27
STATOIL P 2013-04-15 2015-01-27
STATOIL P 2013-08-26 2015-01-27
STATOIL P 2014-01-15 2015-01-27
TAIWAN SEMICONDUCTOR P 2013-01-29 2015-01-08
TAIWAN SEMICONDUCTOR P 2013-04-15 2015-01-08
TAIWAN SEMICONDUCTOR P 2013-08-21 2015-01-08
TAIWAN SEMICONDUCTOR P 2013-08-21 2015-01-23
TARGET CORP P 2013-01-29 2015-01-08
TATA MOTORS LIMITED P 2013-01-29 2015-01-23
TELEFONICA P 2013-01-29 2015-01-23
TOUCHSTONE P 2013-01-29 2015-01-23
TRAVELERS INC P 2013-01-29 2015-01-08
VALEO P 2013-01-29 2015-01-08
VALEO P 2013-09-03 2015-01-23
VICTORY P 2013-01-29 2015-01-23
WUXI PHARMATECH INC P 2013-01-29 2015-01-23
WALMART STORES INC P 2013-01-29 2015-01-08
WELLS FARGO COMPANY P 2013-01-29 2015-01-08
AXA ADR P 2014-01-29 2014-12-08
AXA ADR P 2014-04-15 2014-12-08
AXA ADR P 2014-07-24 2014-12-08
AXA ADR P 2014-10-22 2014-12-08
CHINA PETROLEUM & CHEM CORP P 2014-01-15 2014-12-08
CHINA PETROLEUM & CHEM CORP P 2014-10-22 2014-12-08
CONTROLADORA P 2014-02-26 2014-12-02
CONTROLADORA P 2014-02-26 2014-12-04
CONTROLADORA P 2014-04-15 2014-12-04
DEUTSCHE P 2013-01-29 2014-12-19
WILLIAM BLAIR P 2013-01-29 2014-12-19
CHINA PETROLEUM & CHEM CORP P 2013-01-29 2014-12-08
CHINA PETROLEUM & CHEM CORP P 2013-06-04 2014-12-08
CHINA PETROLEUM & CHEM CORP P 2013-08-26 2014-12-08
OPPENHEIMER P 2013-01-29 2014-12-19
JPMORGAN TR II P 2013-01-29 2014-12-19
PIMCO P 2013-01-29 2014-12-19
TOUCHSTONE P 2013-01-29 2014-12-19
VICTORY P 2013-09-03 2014-12-19
HERBALIFE LTD P 2014-01-15 2014-11-07
HERBALIFE LTD P 2014-01-21 2014-11-07
HERBALIFE LTD P 2014-02-03 2014-11-07
HERBALIFE LTD P 2014-04-15 2014-11-07
HERBALIFE LTD P 2014-10-13 2014-11-07
MELCO PBL P 2014-05-16 2014-11-13
MELCO PBL P 2014-10-13 2014-11-13
HERBALIFE LTD P 2013-01-29 2014-11-07
HERBALIFE LTD P 2013-01-31 2014-11-07
HERBALIFE LTD P 2013-04-15 2014-11-07
MEDTRONIC INC P 2013-01-29 2014-11-07
MICROSOFT CORP P 2013-01-29 2014-11-07
PEPSICO P 2013-01-29 2015-11-04
TARGET P 2013-01-29 2014-11-25
AXA ADR P 2014-01-29 2014-10-13
BECTON DICKINSON & CO P 2014-01-16 2014-10-21
DEVON ENERGY CORP P 2014-01-16 2014-10-21
KDDI CORP P 2014-01-21 2014-10-13
KDDI CORP P 2014-01-22 2014-10-13
KINGFISHER PLC P 2014-01-15 2014-10-15
KINGFISHER PLC P 2014-07-24 2014-10-15
KINGFISHER PLC P 2014-10-13 2014-10-15
MANULIFE FINL P 2014-01-29 2014-10-13
PANDORA P 2014-03-18 2014-10-13
PERFECT WORLD CO P 2014-07-16 2014-10-13
WABCO HOLDINGS INC P 2014-03-17 2014-10-22
WIPRO LTD P 2014-07-08 2014-10-13
ZURICH INSURANCE GROUP P 2014-05-16 2014-10-13
AGRIUM INC P 2013-01-29 2014-10-15
DEUTSCHE P 2013-01-29 2014-10-13
ALLIED WORLD P 2013-01-29 2014-10-13
ASTRAZENECA P 2013-01-29 2014-10-21
BECTON DICKINSON & CO P 2013-01-29 2014-10-15
WILLIAM BLAIR P 2013-01-29 2014-10-22
CANADIAN NATL P 2013-01-29 2014-10-13
CHECK POINT SOFTWARE P 2013-01-29 2014-10-13
CHINA MOBILE P 2013-01-29 2014-10-13
DEVON ENERGY CORP P 2013-01-29 2014-10-21
HSBC HOLDINGS P 2013-01-29 2014-10-13
HERBALIFE P 2013-01-29 2014-10-22
SAFRAN P 2013-04-18 2014-10-13
LENOVO GROUP P 2013-09-05 2014-10-13
KINGFISHER PLC P 2013-01-29 2014-10-14
KINGFISHER PLC P 2013-01-29 2014-10-15
NETEASE INC P 2013-01-29 2014-10-13
JPMORGAN P 2013-01-29 2014-10-14
JPMORGAN P 2013-01-29 2014-10-22
PIMCO P 2013-01-29 2014-10-14
PIMCO P 2013-01-29 2014-10-22
SK TELECOMMUNICATIONS P 2013-01-29 2014-10-13
TAIWAN SEMICONDUCTOR P 2013-01-29 2014-10-13
TATA MOTORS LIMITED P 2013-01-29 2014-10-13
TELEFONICA P 2013-01-29 2014-10-13
TOUCHSTONE P 2013-01-29 2014-10-15
TOUCHSTONE P 2013-01-29 2014-10-22
VALEO P 2013-01-29 2014-10-22
VALIDUS P 2013-01-29 2014-10-13
VICTORY P 2013-01-29 2014-10-15
WUXI PHARMATECH INC P 2013-01-29 2014-10-13
VOLKSWAGEN P 2014-01-15 2014-09-19
VOLKSWAGEN P 2014-07-24 2014-09-19
VOLKSWAGEN P 2013-01-29 2014-09-19
VOLKSWAGEN P 2013-04-15 2014-09-19
DR PEPPER SNAPPLE GROUP P 2013-01-29 2014-08-25
NORTHROP GRUMMAN P 2013-01-29 2014-08-22
SCHWAB CHARLES CORP P 2013-01-29 2014-08-22
ADVANCED SEMICONDUCTOR P 2013-12-18 2014-07-24
AVAGO TECHNOLOGIES LTD P 2013-08-26 2014-07-16
AVAGO TECHNOLOGIES LTD P 2014-04-15 2014-07-16
CONTROLADORA P 2014-02-26 2014-07-24
KDDI CORP P 2014-01-21 2014-07-24
LENOVO GROUP P 2013-09-05 2014-07-24
METHANEX CORP P 2014-05-13 2014-07-24
ORIX CORP P 2014-07-22 2014-07-24
PANDORA P 2014-03-18 2014-07-24
PERFECT WORLD CO P 2014-07-16 2014-07-24
SWATCH P 2014-01-15 2014-07-24
TORCHMARK CORP P 2014-07-02 2014-07-02
AERCAP HLDGS P 2013-01-29 2014-07-24
ALLIED WORLD P 2013-01-29 2014-07-24
ASTRAZENECA P 2013-01-29 2014-07-24
AVAGO TECHNOLOGIES LTD P 2013-01-29 2014-07-16
AVAGO TECHNOLOGIES LTD P 2013-04-15 2014-07-16
BT GROUP P 2013-01-29 2014-07-24
CANADIAN P 2013-01-29 2014-07-24
CHINA MOBILE LTD P 2013-01-29 2014-07-24
HERBALIFE P 2013-01-29 2014-07-24
NETEASE INC P 2013-01-29 2014-07-24
NIPPON TELEGRAPH & TELEPHONE CORP P 2013-01-29 2014-07-24
SK TELECOMMUNICATIONS P 2013-01-29 2014-07-24
SUNCOR ENERGY INC P 2013-05-23 2014-07-24
SWATCH P 2013-03-15 2014-07-24
SWATCH P 2013-04-15 2014-07-24
TATA MOTORS LIMITED P 2013-01-29 2014-07-24
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 103   92 11
b 103   86 17
c 514   324 190
d 52   67 -15
e 114   115 -1
954   946 8
1,347   1,347 0
206   226 -20
309   275 34
206   190 16
1,029   573 456
580   761 -181
96   105 -9
48   50 -2
526   626 -100
96   104 -8
48   54 -6
143   168 -25
512   318 194
159   130 29
7     7
327   351 -24
544   492 52
79   45 34
631   358 273
394   243 151
796   322 474
41   116 -75
138   257 -119
186   249 -63
344   312 32
89   82 7
142   125 17
71   59 12
71   54 17
147   170 -23
221   193 28
31   19 12
41   32 9
89   264 -175
188   560 -372
56   156 -100
692   439 253
71   73 -2
134   99 35
442   524 -82
74   89 -15
147   205 -58
525   539 -14
20   17 3
706   406 300
70   27 43
68   63 5
68   69 -1
59   91 -32
79   134 -55
79   123 -44
79   98 -19
79   96 -17
120   119 1
57   54 3
63   61 2
67   82 -15
156   163 -7
52   74 -22
70   95 -25
226   223 3
543   1,030 -487
154   208 -54
172   187 -15
81   81 0
127   129 -2
85   85 0
103   105 -2
50   48 2
124   118 6
67   59 8
62   47 15
66   47 19
81   29 52
299   338 -39
106   92 14
65   57 8
113   93 20
676   501 175
68   48 20
68   51 17
65   39 26
573   1,437 -864
299   421 -122
506   502 4
70   69 1
117   102 15
105   95 10
160   97 63
60   55 5
134   110 24
224   165 59
102   107 -5
111   107 4
369   226 143
430   310 120
437   780 -343
79   160 -81
111   79 32
105   91 14
232   136 96
207   94 113
113   47 66
465   821 -356
294   400 -106
85   62 23
179   180 -1
384   276 108
77   93 -16
162   248 -86
66   87 -21
66   73 -7
87   51 36
400   608 -208
87   117 -30
70   86 -16
52   75 -23
132   106 26
132   102 30
87   63 24
96   63 33
232   184 48
150   84 66
140   175 -35
373   307 66
214   156 58
187   81 106
69   27 42
501   485 16
156   64 92
361   281 80
213   141 72
796   867 -71
72   75 -3
121   121 0
72   68 4
246   230 16
82   85 -3
321   381 -60
369   461 -92
345   303 42
54   50 4
217   211 6
468   537 -69
107   103 4
82   75 7
70   72 -2
175   125 50
70   101 -31
203   163 40
214   186 28
38   80 -42
38   72 -34
38   63 -25
152   223 -71
191   227 -36
840   1,025 -185
184   169 15
76   79 -3
114   111 3
76   71 5
273   187 86
484   280 204
385   291 94
645   553 92
93   105 -12
123   112 11
178   178 0
44   46 -2
44   46 -2
74   103 -29
194   223 -29
83   84 -1
55   55 0
169   149 20
79   79 0
95   105 -10
120   121 -1
88   89 -1
84   113 -29
43   42 1
112   84 28
70   50 20
1,111   759 352
176   158 18
68   48 20
131   97 34
241   221 20
475   451 24
102   114 -12
104   79 25
89   67 22
169   117 52
260   241 19
324   302 22
166   94 72
126   100 26
923   702 221
73   94 -21
438   570 -132
202   120 82
100   89 11
130   84 46
101   125 -24
131   108 23
1,132   903 229
55   27 28
118   108 10
195   186 9
166   81 85
90   107 -17
135   147 -12
448   467 -19
314   253 61
731   542 189
895   469 426
1,089   627 462
94   70 24
147   75 72
74   59 15
127   150 -23
120   122 -2
108   78 30
66   62 4
79   80 -1
91   83 8
62   59 3
196   213 -17
27     27
91   29 62
70   56 14
149   100 49
957   449 508
74   34 40
66   39 27
206   144 62
110   110 0
132   79 53
84   47 37
199   125 74
155   103 52
127   94 33
645   681 -36
28   29 -1
84   62 22
4,958     4,958
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       11
b       17
c       190
d       -15
e       -1
      8
      0
      -20
      34
      16
      456
      -181
      -9
      -2
      -100
      -8
      -6
      -25
      194
      29
      7
      -24
      52
      34
      273
      151
      474
      -75
      -119
      -63
      32
      7
      17
      12
      17
      -23
      28
      12
      9
      -175
      -372
      -100
      253
      -2
      35
      -82
      -15
      -58
      -14
      3
      300
      43
      5
      -1
      -32
      -55
      -44
      -19
      -17
      1
      3
      2
      -15
      -7
      -22
      -25
      3
      -487
      -54
      -15
      0
      -2
      0
      -2
      2
      6
      8
      15
      19
      52
      -39
      14
      8
      20
      175
      20
      17
      26
      -864
      -122
      4
      1
      15
      10
      63
      5
      24
      59
      -5
      4
      143
      120
      -343
      -81
      32
      14
      96
      113
      66
      -356
      -106
      23
      -1
      108
      -16
      -86
      -21
      -7
      36
      -208
      -30
      -16
      -23
      26
      30
      24
      33
      48
      66
      -35
      66
      58
      106
      42
      16
      92
      80
      72
      -71
      -3
      0
      4
      16
      -3
      -60
      -92
      42
      4
      6
      -69
      4
      7
      -2
      50
      -31
      40
      28
      -42
      -34
      -25
      -71
      -36
      -185
      15
      -3
      3
      5
      86
      204
      94
      92
      -12
      11
      0
      -2
      -2
      -29
      -29
      -1
      0
      20
      0
      -10
      -1
      -1
      -29
      1
      28
      20
      352
      18
      20
      34
      20
      24
      -12
      25
      22
      52
      19
      22
      72
      26
      221
      -21
      -132
      82
      11
      46
      -24
      23
      229
      28
      10
      9
      85
      -17
      -12
      -19
      61
      189
      426
      462
      24
      72
      15
      -23
      -2
      30
      4
      -1
      8
      3
      -17
      27
      62
      14
      49
      508
      40
      27
      62
      0
      53
      37
      74
      52
      33
      -36
      -1
      22
      4,958
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 8,542
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 12,350 6,867 1.798456
2012 117,237 241,303 0.485850
2011 147,500 370,424 0.398192
2010 420,495 579,313 0.725851
2009 207,061 985,888 0.210025
2 Total of line 1, column (d) ...................... 2 3.618374
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 0.723675
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 179,704
5 Multiply line 4 by line 3....................... 5 130,047
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 68
7 Add lines 5 and 6......................... 7 130,115
8 Enter qualifying distributions from Part XII, line 4.............. 8 7,500
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 136
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 136
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- ..... 5 136
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 136
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPBMARES LLP Telephone no.bullet (540) 371-3566
    Located atbullet725 JACKSON STREET SUITE 210FREDERICKSBURGVA ZIP+4bullet22401
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    GARY W FRAZIER PRESIDENT
    0.00     		0 0 0
    201 BEACHSIDE DRIVE
    VERO BEACH,FL32963
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 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.............bullet0
    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)
    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.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    176,431
    b
    Average of monthly cash balances.......................
    1b
    6,010
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    182,441
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    182,441
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,737
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    179,704
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,985
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    8,985
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    136
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    136
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,849
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,849
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    8,849
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    7,500
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    7,500
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    7,500
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 8,849
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 159,345
    b From 2010....... 393,039
    c From 2011....... 128,979
    d From 2012....... 105,698
    e From 2013....... 12,307
    fTotal of lines 3a through e......... 799,368
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 7,500
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 7,500
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 1,349 1,349
    (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 5 798,019
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		157,996
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		640,023
    10 Analysis of line 9:
    a Excess from 2010.... 393,039
    b Excess from 2011.... 128,979
    c Excess from 2012.... 105,698
    d Excess from 2013.... 12,307
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    GARY W FRAZIER
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    QUAIL VALLEY CHARITIES
    2345 HIGHWAY A1A
    VERO BEACH,FL32963     		N/A PUBLIC PROVIDE ASSISTANCE WITH CHARITY'S EXEMPT PURPOSE 7,500
    Total .................................bullet 3a 7,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 1  
    4 Dividends and interest from securities....     14 2,827  
    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 8,542  
    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 11,370 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1311,370
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet 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 FRAZIER FOUNDATION
     
    Employer identification number

    54-1993898
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    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
    Special Rules
    ......... 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 FRAZIER FOUNDATION
          		Employer identification number

    54-1993898
    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
     
     

    GARY AND ANNA FRAZIER  
    201 BEACHSIDE DR
     
    VERO BEACH, FL32963

    		$5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (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 FRAZIER FOUNDATION
          		Employer identification number

    54-1993898
    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 FRAZIER FOUNDATION
          		Employer identification number

    54-1993898
    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 (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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:  

    TY 2014 AccountingFeesSchedule
    Name:
    THE FRAZIER FOUNDATION
    EIN: 54-1993898
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PBMARES, LLP 6,645 3,323   0

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE FRAZIER FOUNDATION
    EIN: 54-1993898
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ADECCO SA AT COST 1,003 974
    ADVANCED SEMICONDUCTOR AT COST 653 911
    AERCAP HLDINGS AT COST 383 1,053
    AGRIUM INC AT COST 0 0
    ALLIANZ SE-ADR AT COST 861 909
    ALLIED WORLD ASSURANCE AT COST 757 1,081
    AMERICAN EXPRESS COMPANY AT COST 1,200 1,399
    ANHEUSER BUSCH AT COST 766 965
    ANNALY CAPITAL MANAGEMENT AT COST 677 625
    ASTRAZENECA PLC AT COST 0 0
    AVAGO TECHNOLOGIES LTD AT COST 0 0
    AXA ADR AT COST 0 0
    BARRICK GOLD CORP AT COST 0 0
    BAXTER INTERNATIONAL INC AT COST 1,631 1,678
    BECTON DICKINSON & CO AT COST 0 0
    BED BATH & BEYOND INC AT COST 1,301 1,311
    BRIDGESTONE CORP AT COST 821 869
    BT GROUP AT COST 686 1,063
    CANADIAN NATL RY CO AT COST 691 809
    CANADIAN NATURAL RESOURCES AT COST 1,297 869
    CAPGEMINI AT COST 832 1,155
    CHECK POINT SOFTWARE AT COST 627 955
    CHEVRON CORP AT COST 968 772
    CHINA MOBILE LTD AT COST 751 897
    CHINA PETROLEUM AT COST 0 0
    CHUBB CORP AT COST 1,234 1,427
    CISCO SYSTEMS INC AT COST 858 1,126
    CONOCOPHILLIPS AT COST 757 737
    CONTROLADORA VUELA AT COST 0 0
    COPA HOLDINGS SA CL A AT COST 908 661
    CVS CAREMARK CORP AT COST 0 0
    DBS GROUP HOLDINGS AT COST 970 985
    DEUTSCHE SECS TR GLOBAL REAL ESTATE AT COST 3,294 3,448
    DEVON ENERGY CORP AT COST 0 0
    DIAMOND OFFSHORE DRILLING AT COST 1,146 981
    DR. PEPPER SNAPPLE GROUP AT COST 0 0
    EBAY INC AT COST 1,376 1,626
    EXELON CORP AT COST 1,806 1,854
    EXPRESS SCRIPTS HLDG CO AT COST 1,303 1,779
    EXXON MOBIL CORP AT COST 1,846 1,664
    FRANKLIN RESOURCES INC AT COST 1,389 1,324
    GLAXOSMITHKLINE PLC-ADR AT COST 955 875
    GRAN TIERRA ENERGY AT COST 0 0
    GRUMA S.A.B DE C.V. AT COST 1,003 979
    HERBALIFE LTD AT COST 0 0
    HONDA MOTOR LTD AT COST 1,449 1,490
    HONG KONG EXCHANGES & CLEARING LTD AT COST 625 950
    HSBC HOLDINGS AT COST 0 0
    ICON PLC AT COST 807 1,010
    ITV PLC AT COST 1,016 1,078
    JGC CORP AT COST 0 0
    JOHNSON & JOHNSON AT COST 1,193 1,364
    JPMORGAN LARGE CAP GROUTH FUND AT COST 9,588 13,390
    JULIUS BAER GROUP LTD AT COST 983 1,009
    KASIKORNBANK PUB CO LTD AT COST 949 768
    KDDI CORP AT COST 802 973
    KEPPEL LTD AT COST 1,204 903
    KINGFISHER PLC AT COST 0 0
    LENOVO GROUP LTD ADR AT COST 743 971
    MACK CALI RLTY CORP AT COST 579 516
    MAGNA INTL INC AT COST 1,073 1,122
    MANULIFE FINL CORP AT COST 994 1,004
    MEDTRONIC INC AT COST 1,693 1,630
    MELCO PBL AT COST 0 0
    METHANEX CORP AT COST 1,188 1,113
    MICROSOFT CORP AT COST 1,039 1,545
    MITSUBISHI ELECTRIC CORP AT COST 1,005 985
    MOLSON COORS BREWING CO AT COST 726 1,047
    NETEASE INC AT COST 434 1,159
    NEWMONT MINING CORP AT COST 0 0
    NIPPON TELEGRAPH & TELEPHONE CORP AT COST 765 1,198
    NORTHROP GRUMAN CORP AT COST 0 0
    NXP SEMICONDUCTORS AT COST 963 884
    OPPENHEIMER DEV MKTS AT COST 4,891 4,777
    ORIX CORP AT COST 1,226 1,192
    PANDORA AT COST 777 1,261
    PEPSICO INCORP AT COST 1,715 2,147
    PIMCO FDS PAC INVT MGMT SER-COMMODITY REAL AT COST 5,983 4,332
    PNC FINANCIAL SERVICES AT COST 1,338 2,009
    PROCTOR & GAMBLE CO AT COST 1,645 1,643
    PT ASTRA INTL AT COST 0 0
    PT BANK MANDIRI PERSERO TBK-UNSPONSORED ADR AT COST 897 820
    QUALCOMM INC AT COST 1,070 1,065
    ROCHE HOLDINGS LTD ADR AT COST 905 982
    ROLLS ROYCE HOLDINGS AT COST 0 0
    ROYAL DUTCH SHELL AT COST 982 798
    RYANAIR HLDGS AT COST 936 999
    SAFRAN SA-UNSPON AT COST 0 0
    SCHWAB CHARLES CORP AT COST 0 0
    SHIRE PLC AT COST 1,017 966
    SK TELECOMMUNICATIONS CO AT COST 634 793
    SMC CORP AT COST 944 1,090
    SOUTWESTERN ENERGY CO AT COST 1,602 1,227
    STATOIL ASA AT COST 1,022 1,200
    SUNCOR ENERGY INC NEW AT COST 992 853
    SUNTRUST BANKS INC AT COST 580 860
    SWATCH GRP AG AT COST 0 0
    TAIWAN SEMICONDUCTOR MGF CO LTD AT COST 1,474 2,044
    TARGET CORP AT COST 1,506 2,041
    TATA MOTORS LIMITED AT COST 482 655
    TELEFONICA BRAZIL SA AT COST 1,031 655
    TEVA PHARMACEUTICAL AT COST 984 946
    TORCHMARK CORP AT COST 657 932
    TOUCHSTONE INSTL FDS TR SANDS CAP INSTL GROUTH AT COST 10,915 12,556
    TOYOTA MTR CORP AT COST 901 936
    TRAVELERS COS INC AT COST 1,042 1,257
    UNILEVER PLC AT COST 938 945
    US BANCORP NEW AT COST 1,355 1,736
    VALEO SPONSORED ADR AT COST 489 1,030
    VALIDUS HOLDINGS LTD AT COST 869 1,056
    VICTORY PORTFOLIOS SMALL CO AT COST 15,908 16,799
    VOLKSWAGEN AG AT COST 0 0
    WABCO HOLDINGS INC AT COST 1,025 1,237
    WAL-MART STORES INC AT COST 2,016 1,986
    WELLS FARGO CO AT COST 1,162 1,800
    WILLIAM BLAIR SMALL CAP GROWTH AT COST 16,713 16,885
    WIPRO LTD AT COST 909 898
    WUXI PHARMATECH AT COST 0 0
    YY INC AT COST 915 904
    ZURICH INSURANCE GROUP AT COST 826 851

    TY 2014 OtherExpensesSchedule
    Name:
    THE FRAZIER FOUNDATION
    EIN: 54-1993898
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 1,227 1,227   0


    TY 2014 TaxesSchedule
    Name:
    THE FRAZIER FOUNDATION
    EIN: 54-1993898
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID ON SECURITIES 143 0   0
    ESTIMATED TAX PAYMENTS 153 0   0