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
GEGAX FAMILY FOUNDATION

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

City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI482757874

A Employer identification number

41-1989478

B Telephone number (see instructions)

(612) 215-3603

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

$920,985J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	1		1
4	Dividends and interest from securities......	39,729		39,729
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		21,119
b	Gross sales price for all assets on line 6a 398,421
7	Capital gain net income (from Part IV, line 2)...			21,119
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		-355	-716
12	Total. Add lines 1 through 11........	60,494		60,133
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,225	613		613
c	Other professional fees (attach schedule)....		2,750	2,750		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		4,450			0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......	8,646		8,646	0	8,646
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		970	970
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	18,041		12,979	0	9,259
25	Contributions, gifts, grants paid........	48,164				48,164
26	Total expenses and disbursements. Add lines 24 and 25	66,205		12,979	0	57,423
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-5,711
b	Net investment income (if negative, enter -0-)			47,154
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	-109	7,699	7,699
	2	Savings and temporary cash investments..........	45,684	68,161	68,161
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	235,755	134,279	176,147
	c	Investments—corporate bonds (attach schedule)........	608,155	665,543	668,978
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	5,377		0
	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)	894,862	875,682	920,985
	17	Accounts payable and accrued expenses..........	17,255
	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)..........	17,255	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.........	877,607	875,682
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions)......	877,607	875,682
	31	Total liabilities and net assets/fund balances (see instructions)..	894,862	875,682

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	877,607
2	Enter amount from Part I, line 27a.....................	2	-5,711
3	Other increases not included in line 2 (itemize)	3	3,786
4	Add lines 1, 2, and 3..........................	4	875,682
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	875,682

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	966.1 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-01-27
b	29.31 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-01-27
c	378.49 BANC AMER ALTERNATIVE LN TR CMO 5.5% 03/		2010-10-26	2014-01-27
d	738.65 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-01-27
e	185.34 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-01-27
	429.02 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-01-27
	570.13 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-01-27
	321.84 COUNTRYWIDE INC CMO 5.5% 08/25/2033		2013-06-28	2014-01-27
	233.49 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/2		2011-08-02	2014-01-27
	.0543 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-01-27
	313.9257 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2006-12-04	2014-01-27
	150.88 FIRST HORIZON CMO I-A-4 5.5% 03/25/2035		2010-09-27	2014-01-27
	350.17 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-01-27
	84.07 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-01-27
	307.14 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-01-27
	179.74 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-01-27
	498.81 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-01-27
	750.36 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-01-27
	258.07 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-01-27
	326.58 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-01-27
	510.43 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-01-27
	385.58 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-01-28
	993.05 CREDIT SUISSE FIRST BOSTON MTGE CMO 5.5%		2012-11-29	2014-01-28
	18302.58 CREDIT SUISSE FIRST BOSTON MTGE CMO 5.5%		2012-11-29	2014-02-03
	148.3 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-02-25
	29.32 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-02-25
	283.61 BANC AMER ALTERNATIVE LN TR CMO 5.5% 03/		2010-10-26	2014-02-25
	707.54 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-02-25
	184.72 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-02-25
	478.55 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-02-25
	678.5 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-02-25
	1105.71 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-02-25
	56.97 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/20		2011-08-02	2014-02-25
	434.4249 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2006-12-04	2014-02-25
	.0751 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-02-25
	231.91 FIRST HORIZON CMO I-A-4 5.5% 03/25/2035		2010-09-27	2014-02-25
	168.6 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-02-25
	321.39 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-02-25
	27.54 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-02-25
	362.49 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-02-25
	121.31 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-02-25
	235.43 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-02-25
	331.05 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-02-25
	270.37 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-02-25
	19.91 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-02-25
	1146.87 CREDIT SUISSE FIRST BOSTON MTGE CMO 5.5%		2012-11-29	2014-03-03
	27794.21 GS MTG SECS CORP ABS 5.06675% 04/25/2034		2013-01-25	2014-03-17
	880.71 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-03-25
	337.16 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-03-25
	56.54 BANC AMER ALTERNATIVE LN TR CMO 5.5% 03/		2010-10-26	2014-03-25
	156.25 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-03-25
	996.56 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-03-25
	85.1 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-03-25
	430.61 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-03-25
	1102.56 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-03-25
	55.98 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/20		2011-08-02	2014-03-25
	217.2024 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2006-12-04	2014-03-25
	.0376 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-03-25
	205.59 FIRST HORIZON CMO I-A-4 5.5% 03/25/2035		2010-09-27	2014-03-25
	106.51 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-03-25
	319.68 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-03-25
	20.05 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-03-25
	139.3 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-03-25
	476.74 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-03-25
	316.11 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-03-25
	131.49 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-03-25
	179.25 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-03-25
	141.53 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-03-25
	1000. CREDIT SUISSE FIRST BOSTON MTGE SER 2005-4 CL 3A4 CMO 5% 06/25/2		2005-04-12	2014-03-26
	790.61 BANC OF AMERICA FDG CORP CMO 5.75% 01/25		2012-05-09	2014-04-25
	401.47 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-04-25
	273.99 BANC AMER ALTERNATIVE LN TR CMO 5.5% 03/		2010-10-26	2014-04-25
	424.5 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-04-25
	181.8 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-04-25
	175. COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-04-25
	395.36 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-04-25
	719.65 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-04-25
	230.45 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/2		2011-08-02	2014-04-25
	.1137 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-04-25
	657.3563 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2006-12-04	2014-04-25
	209. FIRST HORIZON CMO I-A-4 5.5% 03/25/2035		2010-09-27	2014-04-25
	135.7 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-04-25
	244.64 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-04-25
	6.58 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-04-25
	184.93 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-04-25
	132.09 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-04-25
	526.75 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-04-25
	205.99 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-04-25
	224.95 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-04-25
	14.89 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-04-25
	177. BANC OF AMERICA FDG CORP CMO 5.75% 01/25		2012-05-09	2014-05-27
	510.31 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-05-27
	301.39 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-05-27
	301.76 BANC AMER ALTERNATIVE LN TR CMO 5.5% 03/		2010-10-26	2014-05-27
	351.29 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-05-27
	183.4 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-05-27
	197.93 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-05-27
	449.85 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-05-27
	403.652 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-05-27
	512.638 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-04-29	2014-05-27
	60.9 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/203		2011-08-02	2014-05-27
	156.253 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2006-12-04	2014-05-27
	.027 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-05-27
	164.68 FIRST HORIZON CMO I-A-4 5.5% 03/25/2035		2010-09-27	2014-05-27
	101.29 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-05-27
	198.97 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-05-27
	181.57 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-05-27
	252.58 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-05-27
	327.41 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-05-27
	449.11 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-05-27
	202.17 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-05-27
	280.85 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-05-27
	744.15 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-05-27
	1467.71 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-06-25
	29.61 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-06-25
	296.35 BANC AMER ALTERNATIVE LN TR CMO 5.5% 03/		2010-10-26	2014-06-25
	861.71 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-06-25
	213.22 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-06-25
	547.48 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-06-25
	583.14 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-06-25
	643.86 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-06-25
	70.84 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/20		2011-08-02	2014-06-25
	.0655 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-06-25
	378.6545 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2006-12-04	2014-06-25
	443.6 FIRST HORIZON CMO I-A-4 5.5% 03/25/2035		2010-09-27	2014-06-25
	134.46 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-06-25
	88.54 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-06-25
	506.42 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-06-25
	347.64 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-06-25
	135.58 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-06-25
	408.85 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-06-25
	210.4 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-06-25
	220.81 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-06-25
	569.83 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-06-25
	575.043 MUTUAL DISCOVERY FUND CL II		2011-02-08	2014-07-08
	9171.69 BANC AMER ALTERNATIVE LN TR CMO 5.5% 03/		2010-10-26	2014-07-15
	23573.93 FIRST HORIZON CMO I-A-4 5.5% 03/25/2035		2010-09-27	2014-07-15
	1452.35 BANC OF AMERICA FDG CORP CMO 5.75% 01/25		2012-05-09	2014-07-25
	1373.7 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-07-25
	213.26 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-07-25
	415.46 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-07-25
	190.07 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-07-25
	298.7 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-07-25
	560.51 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-07-25
	1963.2 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-07-25
	320.07 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/2		2011-08-02	2014-07-25
	142.31 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-07-25
	98.39 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-07-25
	397.53 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-07-25
	276.16 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-07-25
	918.48 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-07-25
	1263.14 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-07-25
	85.81 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-07-25
	203.75 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-07-25
	16.57 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-07-25
	118.39 BANC AMER ALTERNATIVE LN TR CMO 5.5% 03/		2010-10-26	2014-07-30
	306.26 FIRST HORIZON CMO I-A-4 5.5% 03/25/2035		2010-09-27	2014-07-30
	1137.15 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-08-25
	750.69 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-08-25
	1272.63 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-08-25
	187.52 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-08-25
	239.89 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-08-25
	463.74 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-08-25
	1172.77 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-08-25
	2581.04 CHASE ABS 5.1455% 01/25/2033		2014-04-28	2014-08-25
	435.42 CITIGROUP MTG LN TR CMO VAR RATE 5.35% 0		2013-09-27	2014-08-25
	424.41 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/2		2011-08-02	2014-08-25
	121.44 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-08-25
	169.33 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-08-25
	138.31 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-08-25
	141.2 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-08-25
	665.42 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-08-25
	214.89 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-08-25
	206.06 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-08-25
	44000. STRUCTURED ASSET SECS CORP CMO 6% 08/25/		2014-07-17	2014-08-25
	194.41 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-08-25
	203.49 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-08-25
	173.78 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-08-25
	661.256 PIMCO		2013-02-27	2014-08-26
	6183.073 PIMCO		2013-03-14	2014-08-27
	140.09 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-09-25
	417.85 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-09-25
	266.11 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-09-25
	225.85 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-09-25
	897.45 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-09-25
	695.05 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-09-25
	1468.5 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-09-25
	585.79 CITIGROUP MTG LN TR CMO VAR RATE 5.35% 0		2013-09-27	2014-09-25
	71.5 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/203		2011-08-02	2014-09-25
	326.1 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-09-25
	247.86 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-09-25
	18.33 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-09-25
	538.26 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-09-25
	685.83 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-09-25
	205.14 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-09-25
	44000. STRUCTURED ASSET SECS CORP CMO 6% 08/25/		2014-07-17	2014-09-25
	343.72 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-09-25
	270.35 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-09-25
	267.44 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-09-25
	94.74 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-10-01
	44000. STRUCTURED ASSET SECS CORP CMO 6% 08/25/		2014-07-17	2014-10-25
	139.52 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-10-27
	24.73 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-10-27
	615.18 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-10-27
	208.49 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-10-27
	296.11 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-10-27
	368.37 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-10-27
	776.13 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-10-27
	1990.07 CHASE ABS 5.1455% 01/25/2033		2014-04-28	2014-10-27
	507.82 CITIGROUP MTG LN TR CMO VAR RATE 5.35% 0		2013-09-27	2014-10-27
	621.53 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/2		2011-08-02	2014-10-27
	157.9 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-10-27
	299.63 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-10-27
	774.81 GS MTG SECS CORP CMO 5.5% 07/25/2035		2014-09-04	2014-10-27
	161.83 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-10-27
	166.22 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-10-27
	151.45 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-10-27
	336.37 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-10-27
	356.66 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-10-27
	318.63 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-10-27
	230.44 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-10-27
	140.86 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-10-27
	964.16 BANC AMER ALTERNATIVE LN TR CMO 4-A-3 5.		2013-12-20	2014-10-28
	14358.27 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-11-11
	742.4 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-11-25
	891.61 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2012-11-21	2014-11-25
	427.85 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-11-25
	34.08 BANC AMER ALTERNATIVE LN TR CMO 4-A-3 5.		2013-12-20	2014-11-25
	502.55 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-11-25
	946.42 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-11-25
	520.58 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-11-25
	820.08 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-11-25
	706.95 CITIGROUP MTG LN TR CMO VAR RATE 5.35% 0		2013-09-27	2014-11-25
	52.82 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/20		2011-08-02	2014-11-25
	107.19 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-11-25
	5.88 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-11-25
	845.26 GS MTG SECS CORP CMO 5.5% 07/25/2035		2014-09-04	2014-11-25
	256.48 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-11-25
	272.73 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-11-25
	86.23 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-11-25
	126.19 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-11-25
	195.4 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-11-25
	44000. STRUCTURED ASSET SECS CORP CMO 6% 08/25/		2014-07-17	2014-11-25
	155.36 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-11-25
	136.81 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-11-25
	587.74 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-11-25
	83.76 COUNTRYWIDE INC CMO 5.5% 08/25/2033		2013-06-28	2014-11-26
	252.32 CMALT CITIMORTGAGE ALTERNATIVE L CMO 5.5		2008-05-21	2014-12-01
	300.21 MUTUAL DISCOVERY FUND CL II		2011-02-08	2014-12-12
	18939.93 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2012-11-21	2014-12-23
	8753.41 CSMC MTG BACKED TR 2006-7 CMO 5.75% 08/2		2013-08-21	2014-12-23
	3051.8 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-12-23
	8917.22 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-12-23
	9117.43 WELLS FARGO MTG BACKED SECS 2007 CMO 6%		2011-03-03	2014-12-23
	44000. STRUCTURED ASSET SECS CORP CMO 6% 08/25/		2014-07-17	2014-12-25
	142.66 BANC OF AMERICA FDG CORP CMO 5.5% 10/25/		2013-08-19	2014-12-26
	18.17 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2013-04-01	2014-12-26
	2437.06 BANC AMER ALTERNATIVE LN TR CMO 4-A-3 5.		2013-12-20	2014-12-26
	171.07 BANC AMER MTG SECS INC 5.5% 11/25/2035		2012-12-21	2014-12-26
	99.39 COUNTRYWIDE ALTERNATE LOAN INC CMO 5.5%		2013-12-31	2014-12-26
	588.06 COUNTRYWIDE ALTERNATE LOAN INC CMO 5% 03		2012-03-02	2014-12-26
	1578.81 COUNTRYWIDE ALTERNATE LOAN INC CMO 6% 01		2013-05-28	2014-12-26
	764.05 CITIGROUP MTG LN TR CMO VAR RATE 5.35% 0		2013-09-27	2014-12-26
	54.51 CREDIT SUISSE FIRST BOSTON MTG CMO SER 2003 1 CL 1A1 7% 02/25/20		2011-08-02	2014-12-26
	3.828 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2012-06-11	2014-12-26
	5.742 FIRST HORIZON MTG PASS-THROUGH T CMO 6.2		2014-11-24	2014-12-26
	288.3 GS MTG SECS CORP CMO 5.5% 07/25/2035		2014-09-04	2014-12-26
	170.48 INDYMAC MBS INC CMO A-1 5.5% 07/25/2035		2011-08-25	2014-12-26
	251.42 MASTR ALTERNATIVE CMO 5.5% 04/25/2035		2013-05-15	2014-12-26
	210.69 PRIME MTG TR SERIES 2004-2 CL A2 CMO 4.7		2012-09-07	2014-12-26
	241.04 WELLS FARGO MTG BACKED SECS 2007 CMO 6.2		2009-06-08	2014-12-26
	5168.46 BANC OF AMERICA FDG CORP CMO 6% 11/25/20		2012-11-21	2014-12-29
	37714.85 COUNTRYWIDE INC CMO 5.5% 08/25/2033		2013-06-28	2014-12-29
	147.73 MORGAN STANLEY MTG LN TR CMO 5.5% 08/25/		2012-08-02	2014-12-29
	109.95 WELLS FARGO MTG BACKED SECS 2005 CMO 5.5		2011-09-27	2014-12-29
	1. PS HOLDINGS, LLC		2013-01-01	2014-12-31
	1. PS HOLDINGS, LLC		2012-06-15	2014-12-31
	74.75 IMPAC CMO 5.27235% 03/25/2033		2013-07-30	2014-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	966	949	17
b	29	29
c	378	378
d	739	746	-7
e	185	182	3
	429	427	2
	570	563	7
	322	277	45
	233	233

	314	314
	151	149	2
	350	338	12
	84	84
	307	294	13
	180	180
	499	491	8
	750	768	-18
	258	253	5
	327	325	2
	510	430	80
	386	386
	993	904	89
	16,747	16,658	89
	148	146	2
	29	29
	284	283	1
	708	715	-7
	185	182	3
	479	479
	679	675	4
	1,106	1,092	14
	57	57
	434	434

	232	229	3
	169	163	6
	321	319	2
	28	26	2
	362	362
	121	119	2
	235	241	-6
	331	324	7
	270	269	1
	20	17	3
	1,147	1,044	103
	25,432	23,156	2,276
	881	865	16
	337	337
	57	56	1
	156	158	-2
	997	980	17
	85	85
	431	428	3
	1,103	1,089	14
	56	56
	217	217

	206	203	3
	107	103	4
	320	318	2
	20	19	1
	139	139
	477	470	7
	316	323	-7
	131	129	2
	179	178	1
	142	119	23
	1,000	1,000
	791	769	22
	401	394	7
	274	273	1
	425	429	-4
	182	179	3
	175	175
	395	393	2
	720	711	9
	230	230

	657	657
	209	206	3
	136	131	5
	245	243	2
	7	6	1
	185	185
	132	130	2
	527	539	-12
	206	202	4
	225	224	1
	15	13	2
	177	172	5
	510	501	9
	301	301
	302	301	1
	351	355	-4
	183	180	3
	198	198
	450	448	2
	404	402	2
	513	504	9
	61	61
	156	156

	165	163	2
	101	98	3
	199	198	1
	182	174	8
	253	253
	327	323	4
	449	459	-10
	202	198	4
	281	279	2
	744	627	117
	1,468	1,442	26
	30	30
	296	296
	862	870	-8
	213	210	3
	547	547
	583	580	3
	644	636	8
	71	71

	379	378	1
	444	438	6
	134	130	4
	89	88	1
	506	485	21
	348	348
	136	134	2
	409	418	-9
	210	206	4
	221	220	1
	570	480	90
	20,000	17,395	2,605
	9,011	9,149	-138
	22,218	23,279	-1,061
	1,452	1,412	40
	1,374	1,350	24
	213	213
	415	420	-5
	190	187	3
	299	299
	561	558	3
	1,963	1,940	23
	320	320
	142	137	5
	98	98
	398	381	17
	276	276
	918	905	13
	1,263	1,291	-28
	86	84	2
	204	203	1
	17	14	3
	118	118
	306	302	4
	1,137	1,117	20
	751	751
	1,273	1,285	-12
	188	184	4
	240	240
	464	461	3
	1,173	1,159	14
	2,581	2,579	2
	435	409	26
	424	424
	121	121
	169	163	6
	138	137	1
	141	135	6
	665	665
	215	212	3
	206	211	-5
	71	67	4
	194	191	3
	203	202	1
	174	147	27
	6,844	7,267	-423
	64,242	67,733	-3,491
	140	138	2
	418	418
	266	269	-3
	226	222	4
	897	897
	695	692	3
	1,469	1,451	18
	586	550	36
	72	72
	326	326
	248	239	9
	18	18
	538	538
	686	676	10
	205	210	-5
	75	70	5
	344	337	7
	270	269	1
	267	225	42
	95	94	1
	89	83	6
	140	137	3
	25	25
	615	621	-6
	208	205	3
	296	296
	368	367	1
	776	767	9
	1,990	1,989	1
	508	477	31
	622	622
	158	158
	300	289	11
	775	767	8
	162	161	1
	166	159	7
	151	151
	336	331	5
	357	364	-7
	319	312	7
	230	229	1
	141	119	22
	964	921	43
	13,138	14,114	-976
	742	729	13
	892	880	12
	428	428
	34	33	1
	503	507	-4
	946	946
	521	518	3
	820	810	10
	707	664	43
	53	53
	107	107
	6	6
	845	837	8
	256	255	1
	273	261	12
	86	86
	126	124	2
	195	199	-4
	68	64	4
	155	152	3
	137	136	1
	588	496	92
	84	72	12
	252	248	4
	10,000	9,081	919
	18,372	18,703	-331
	7,090	8,749	-1,659
	2,899	3,006	-107
	8,650	8,739	-89
	8,479	9,072	-593
	37	34	3
	143	140	3
	18	18
	2,437	2,327	110
	171	173	-2
	99	99
	588	585	3
	1,579	1,560	19
	764	718	46
	55	55
	4	4
	6	6
	288	285	3
	170	163	7
	251	251
	211	215	-4
	241	203	38
	5,168	5,104	64
	37,715	32,527	5,188
	148	146	2
	110	108	2
		165	-165
	736	5,377	-4,641
	75	74	1
			21,880

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			17
b
c
d			-7
e			3
			2
			7
			45



			2
			12

			13

			8
			-18
			5
			2
			80

			89
			89
			2

			1
			-7
			3

			4
			14



			3
			6
			2
			2

			2
			-6
			7
			1
			3
			103
			2,276
			16

			1
			-2
			17

			3
			14



			3
			4
			2
			1

			7
			-7
			2
			1
			23

			22
			7
			1
			-4
			3

			2
			9



			3
			5
			2
			1

			2
			-12
			4
			1
			2
			5
			9

			1
			-4
			3

			2
			2
			9



			2
			3
			1
			8

			4
			-10
			4
			2
			117
			26


			-8
			3

			3
			8


			1
			6
			4
			1
			21

			2
			-9
			4
			1
			90
			2,605
			-138
			-1,061
			40
			24

			-5
			3

			3
			23

			5

			17

			13
			-28
			2
			1
			3

			4
			20

			-12
			4

			3
			14
			2
			26


			6
			1
			6

			3
			-5
			4
			3
			1
			27
			-423
			-3,491
			2

			-3
			4

			3
			18
			36


			9


			10
			-5
			5
			7
			1
			42
			1
			6
			3

			-6
			3

			1
			9
			1
			31


			11
			8
			1
			7

			5
			-7
			7
			1
			22
			43
			-976
			13
			12

			1
			-4

			3
			10
			43



			8
			1
			12

			2
			-4
			4
			3
			1
			92
			12
			4
			919
			-331
			-1,659
			-107
			-89
			-593
			3
			3

			110
			-2

			3
			19
			46



			3
			7

			-4
			38
			64
			5,188
			2
			2
			-165
			-4,641
			1

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	21,119
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	45,665	953,928	0.04787
2012	54,007	870,357	0.062052
2011	38,554	953,319	0.040442
2010	42,103	894,093	0.04709
2009	40,806	773,742	0.052739

2	Total of line 1, column (d) ......................	2	0.250193
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	0.050039
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	933,556
5	Multiply line 4 by line 3.......................	5	46,714
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	472
7	Add lines 5 and 6.........................	7	47,186
8	Enter qualifying distributions from Part XII, line 4..............	8	57,423
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	472
	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	472
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	472
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	716
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	1,284
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,000
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,528
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax472	Refunded	11	1,056

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

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

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

Yes

Website address bullet

GEGAX.COM

The books are in care of bullet

COMERICA BANK Telephone no. bullet

(877) 405-1091

Located at bullet

101 NORTH MAIN STREEETANN ARBORMI ZIP+4 bullet

48104

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
THOMAS GEGAX	DIRECTOR/PRESIDENT 1	0
2810 W LAKE OF THE ISLES PARKWAY MINNEAPOLIS,MN55416	DIRECTOR/PRESIDENT 1	0
MARY WESCOTT	DIRECTOR/VICE PRES./TREASURER 1	0
2810 W LAKE OF THE ISLES PARKWAY MINNEAPOLIS,MN55416	DIRECTOR/VICE PRES./TREASURER 1	0
T TRENT GEGAX	DIRECTOR/VICE PRES/SECRETARY 1	0
604 B WEST MARY ST AUSTIN,TX78704	DIRECTOR/VICE PRES/SECRETARY 1	0
CHRISTOPHER GEGAX	DIRECTOR/MEDIA 1	0
4336 YORK AVE S 3 MINNEAPOLIS,MN55410	DIRECTOR/MEDIA 1	0

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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2014)

Page 8

Part IX-B

Summary of Program-Related Investments (see instructions)

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

928,189

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

19,584

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

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

947,773

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

947,773

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

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

14,217

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

933,556

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

46,678

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

46,678

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

472

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

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

472

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

46,206

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

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

46,206

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

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

46,206

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 ..........

57,423

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

57,423

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

472

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

56,951

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					46,206
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
b Total for prior years:2012, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	3,481
b From 2010.......	0
c From 2011.......	0
d From 2012.......	12,315
e From 2013.......	0
fTotal of lines 3a through e.........		15,796
4Qualifying distributions for 2014 from Part
XII, line 4: $ 57,423
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.....					46,206
e Remaining amount distributed out of corpus		11,217
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		27,013
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) ...		3,481
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		23,532
10 Analysis of line 9:
a Excess from 2010....	0
b Excess from 2011....	0
c Excess from 2012....	12,315
d Excess from 2013....	0
e Excess from 2014....	11,217

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).)

NONE

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.

NONE

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:

THOMAS L GEGAX
PO BOX 16323
MINNEAPOLIS,MN55416
(612) 915-1112

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

NONE

cAny submission deadlines:

NONE

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

NONE

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
FIRST COMMUNITY RECOVERY CHURCH 1220 LOGAN AVENUE NORTH MINNEAPOLIS,MN55411	NONE	EXEMPT	SUPPORT	4,400
RALPH SHOLON SCHOOL 169 W 79TH STREET NEW YORK,NY10024	NONE	EXEMPT	SUPPORT	1,000
HINDU COMMUNITY CENTER 10530 TROY LANE MAPLE GROVE,MN55311	NONE	EXEMPT	SUPPORT	1,000
GIRLS ON THE RUN 801 EAST MOOREHEAD SUITE 201 CHARLOTTE,NC28202	NONE	EXEMPT	SUPPORT	53
NEW VENTURE FUND 1201 CONNECTICUT AVENUE NW 300 WASHINGTON,DC20036	NONE	EXEMPT	SUPPORT	2,000
CONGREGATION BNAI JESHURUN 2109 BROADWAY SUITE 203 NEW YORK,NY10023	NONE	EXEMPT	SUPPORT	2,920
MEMORIAL SLOAN KETTERING CANCER CENTER 1275 YORK AVENUE NEW YORK,NY10065	NONE	EXEMPT	SUPPORT	100
WATERKEEPER ALLIANCE 50 SOUTH BUCKHOUT STREET SUITE 302 IRVINGTON,NY10533	NONE	EXEMPT	SUPPORT	14,000
GROWTH & JUSTICE 2324 UNIVERSITY AVENUE WEST STE 201 SAINT PAUL,MN55114	NONE	EXEMPT	SUPPORT	250
AMERICAN HEART ASSOCIATION INC 7272 GREENVILLE AVENUE DALLAS,TX75231	NONE	EXEMPT	SUPPORT	100
NATIONAL FOUNDATION OF SWALLOWING DISORDERS PO BOX 3725 CARMEL BY THE SEA,CA93921	NONE	EXEMPT	SUPPORT	10
CENTER FOR SCIENCE IN THE PUBLIC INTEREST 1220 L ST MW SUITE 300 WASHINGTON,DC20005	NONE	EXEMPT	SUPPORT	12,000
ALLIANCE FOR A BETTER MINNESOTA 1600 UNIVERSITY AVENUE WEST SAINT PAUL,MN55104	NONE	EXEMPT	SUPPORT	1,000
EARTH-LINK EARTH LIGHT 5384 PALASTRINA WAY FONTANA,CA92336	NONE	EXEMPT	SUPPORT	26
LA JOLLA PARK & REC 7632 DRAPER AVENUE LA JOLLA,CA92037	NONE	EXEMPT	SUPPORT	1,000
WELLSTONE ACTION FUND 2446 UNIVERSITY AVENUE W SUITE 170 SAINT PAUL,MN55114	NONE	EXEMPT	SUPPORT	1,500
WALKER ART CENTER 1750 HENNEPIN AVENUE MINNEAPOLIS,MN55403	NONE	EXEMPT	SUPPORT	90
FIRST UNIVERSALIST CHURH 3400 DUPONT AVENUE SOUTH MINNEAPOLIS,MN55408	NONE	EXEMPT	SUPPORT	1,000
SCIENCE MUSEUM OF MINNESOTA 120 KELLOGG BLVD W ST PAUL,MN55102	NONE	EXEMPT	SUPPORT	500
HOSPITALITY HOUSE YOUTH DEVELOPMENT PO BOX 11008 1220 LOGAN AVENUE N MINNEAPOLIS,MN55411	NONE	EXEMPT	SUPPORT	250
LAKE HARRIET COMMUNITY SCHOOLPTA 4912 VINCENT AVEUNE S MINNEAPOLIS,MN55410	NONE	EXEMPT	SUPPORT	1,735
BOY SCOUTS OF AMERICA 5300 GLENWOOD AVENUE MINNEAPOLIS,MN55422	NONE	EXEMPT	SUPPORT	30
GIVING BACK TO AFRICA INC PO BOX 2328 BLOOMINGTON,IN47402	NONE	EXEMPT	SUPPORT	3,000
GLOBAL INTERACTIONS INC 21 WEST CHERYL DRIVE PHOENIX,AZ85021	NONE	EXEMPT	SUPPORT	200
Total ................................. 3a				48,164

bApproved for future payment

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

Form 990-PF (2014)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............			14	1
4 Dividends and interest from securities....			14	39,729
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	35
8 Gain or (loss) from sales of assets other than inventory .............			18	21,119
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aOTHER REVENUE			14	-390
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				60,494

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

1360,494

(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 Bond	End of Year Book Value	End of Year Fair Market Value
VARIOUS CORPORATE BONDS HELD A	638,614	641,717
MORTGAGE PASS THROUGH CERTIFIC	26,929	27,261

Name of Stock	End of Year Book Value	End of Year Fair Market Value
RBC - PACIFIC BOOKER	37,386	64,025
PIPER JAFFERY - PACIFIC BOOKER	12,614	21,603
FRANKLIN MUTUAL DISCOVERY FD	84,279	90,519
PIMCO ALL ASSET AUTH FD CL C