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 Irwin and Dorothy Nessel Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)134 East Avenue   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Norwalk, CT06851
A Employer identification number

06-1596433
B Telephone number (see instructions)

(203) 227-7470
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$5,006,762J 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)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 13 13  
4 Dividends and interest from securities...... 113,061 113,061  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 382,349
b Gross sales price for all assets on line 6a 1,406,062
7 Capital gain net income (from Part IV, line 2)... 382,349
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........ 495,423 495,423  
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)......... Click to see attachment 5,700 2,850   2,850
b Accounting fees (attach schedule)....... Click to see attachment 250 125   125
c Other professional fees (attach schedule).... Click to see attachment 27,675 25,918   1,757
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,750 566   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 38,375 29,459   4,732
25 Contributions, gifts, grants paid........ 231,000 231,000
26 Total expenses and disbursements. Add lines 24 and 25 269,375 29,459   235,732
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 226,048
b Net investment income (if negative, enter -0-) 465,964
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............... 18,285 380 380
2 Savings and temporary cash investments.......... 151,201 153,753 153,753
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)........ 1,891,396 Click to see attachment1,991,053 3,665,251
c Investments—corporate bonds (attach schedule)........ 765,614 Click to see attachment962,429 951,828
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 244,215 Click to see attachment191,232 235,550
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,088 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,072,799 3,298,847 5,006,762
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 3,072,799 3,298,847
30 Total net assets or fund balances (see instructions)...... 3,072,799 3,298,847
31 Total liabilities and net assets/fund balances (see instructions).. 3,072,799 3,298,847
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 3,072,799
2 Enter amount from Part I, line 27a..................... 2 226,048
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 3,298,847
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 3,298,847
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 Allergan Inc - 400 sh   2013-05-21 2014-05-02
b Facebook Inc A - 100 sh   2013-07-02 2014-02-19
c Facebook Inc A - 700 sh   2013-07-02 2014-02-24
d Now Inc - 100 sh   2014-01-10 2014-06-06
e ABB Ltd - 1000 sh   2011-09-19 2014-04-04
Dresser Rand Group Inc - 300 sh   2013-03-07 2014-05-08
Dresser Rand Group Inc - 200 sh   2013-03-07 2014-07-07
Google Inc CL A - 20 sh   2011-03-23 2014-01-29
Google Inc CL A - 40 sh     2014-05-16
Greenhill & Co Inc - 800 sh     2014-04-16
Kinder Morgan Mgmt LLC - .103 sh   2011-09-02 2014-02-25
Kinder Morgan Mgmt LLC - .049 sh   2011-09-02 2014-05-29
Kinder Morgan Mgmt LLC - 400 sh   2011-09-02 2014-07-01
Kinder Morgan Mgmt LLC - .63 sh   2012-05-15 2014-08-27
Now Inc - 150 sh   2013-02-05 2014-06-06
Resmed Inc - 400 sh   2011-04-29 2014-01-24
Ball Corp 7.375% 09/01/2019 - 75M   2013-03-18 2014-01-10
Lear Corp 7.875% 03/15/18 - 100M   2013-06-06 2014-03-20
Olin Corp 8.875% 08/15/2019 - 50M   2013-11-25 2014-08-15
ABB Ltd - 2000 sh   2008-02-19 2014-04-04
Colonial Realty Ltd 6.25% 6/15/14   2010-01-13 2014-06-15
Exxon Mobil Corp - 1000 sh     2014-07-25
Google Inc CL A - 100 sh   2009-01-22 2014-05-16
Intuitive Surgical - 20 sh   2009-02-26 2014-04-02
Intuitive Surgical - 80 sh   2009-02-26 2014-04-23
Treehouse Foods Inc 7.75% 03/01/18 - 75M   2011-05-26 2014-03-11
United Parcel Service - 100 sh   2006-02-26 2014-05-12
United Technologies Corp - 600 sh     2014-05-08
F5 Networks Inc - 150 sh   2012-06-29 2014-08-26
Apple Inc - 310 sh   2009-07-02 2014-08-29
Arcos Dorados Holdings Inc   2011-11-25 2014-08-29
Arcos Dorados Holdings Inc - 500 sh   2012-02-13 2014-08-29
Arcos Dorados Holdings Inc - 1000 sh   2012-07-19 2014-08-29
Cenovus Energy Inc - 500 sh   2009-07-02 2014-09-05
Henderson Land Dev Co - 6600 sh   2008-01-25 2014-09-05
Henderson Land Dev Co - 2200 sh   2008-02-26 2014-09-05
Henderson Land Dev Co - 2200 sh   2008-06-24 2014-09-05
Henderson Land Dev Co - 4400 sh   2011-05-31 2014-09-05
Henderson Land Dev Co - 1540 sh   2011-05-31 2014-09-05
Dresser Rand Group Inc - 500 sh   2012-06-11 2014-09-10
Cenovus Energy Inc - 200 sh   2009-07-02 2014-10-23
Cenovus Energy Inc - 800 sh   2011-05-18 2014-10-23
Cenovus Energy Inc - 1000 sh   2011-09-22 2014-10-23
Kinder Morgan Mgmt LLC - 400 sh   2006-03-28 2014-11-20
Pepsico Inc - 400 sh   2005-08-30 2014-12-18
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 67,807   39,359 28,448
b 6,858   2,454 4,404
c 49,306   17,177 32,129
d 3,314   3,076 238
e 25,830   18,138 7,692
18,378   16,913 1,465
14,149   11,275 2,874
22,239   11,480 10,759
21,021   11,409 9,612
39,452   51,346 -11,894
8   3 5
4   1 3
31,565   19,984 11,581
63   31 32
4,971   4,087 884
17,437   12,806 4,631
81,009   83,468 -2,459
103,938   106,875 -2,937
52,219   54,985 -2,766
51,661   46,404 5,257
24,480   24,481 -1
103,480   39,364 64,116
52,553   15,185 37,368
10,262   1,963 8,299
31,179   7,853 23,326
75,956   81,338 -5,382
10,124   7,565 2,559
70,615   19,199 51,416
18,581   14,492 4,089
31,318   1,451 29,867
7,115   20,259 -13,144
3,558   10,489 -6,931
7,115   15,838 -8,723
15,576   10,205 5,371
46,370   41,058 5,312
15,457   15,221 236
15,457   13,231 2,226
30,913   26,341 4,572
10,820   8,381 2,439
82,039   43,211 38,828
4,967   4,082 885
19,868   27,215 -7,347
24,836   33,047 -8,211
40,711   9,156 31,555
37,963   21,817 16,146
3,520     3,520
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       28,448
b       4,404
c       32,129
d       238
e       7,692
      1,465
      2,874
      10,759
      9,612
      -11,894
      5
      3
      11,581
      32
      884
      4,631
      -2,459
      -2,937
      -2,766
      5,257
      -1
      64,116
      37,368
      8,299
      23,326
      -5,382
      2,559
      51,416
      4,089
      29,867
      -13,144
      -6,931
      -8,723
      5,371
      5,312
      236
      2,226
      4,572
      2,439
      38,828
      885
      -7,347
      -8,211
      31,555
      16,146
      3,520
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 2 382,349
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 200,695 4,390,831 0.045708
2012 182,196 4,164,454 0.043750
2011 174,571 4,057,572 0.043024
2010 152,176 3,807,599 0.039966
2009 115,621 2,896,178 0.039922
2 Total of line 1, column (d) ...................... 2 0.212370
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 0.042474
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 4,805,775
5 Multiply line 4 by line 3....................... 5 204,120
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,660
7 Add lines 5 and 6......................... 7 208,780
8 Enter qualifying distributions from Part XII, line 4.............. 8 235,732
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 4,660
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 4,660
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 4,660
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 3,160
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 3,160
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 1,500
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
    Yes
     
    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)
    bulletCT
    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 ofbulletDavid L Godfrey Telephone no.bullet (203) 227-0424
    Located atbullet134 East AvenueNorwalkCT ZIP+4bullet06851
    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
    Dorothy M Nessel President
    0.50     		0 0 0
    2321 Meadow Ridge
    Redding,CT06896
    David L Nessel Vice President
    0.50     		0 0 0
    129 Field Point Road
    Fairfield,CT06430
    Judy Nessel Director
    0.50     		0 0 0
    129 Field Point Road
    Fairfield,CT06430
    David L Godfrey Secretary
    0.50     		0 0 0
    134 East Avenue
    Norwalk,CT06851
    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
    4,673,725
    b
    Average of monthly cash balances.......................
    1b
    205,234
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,878,959
    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
    4,878,959
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    73,184
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,805,775
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    240,289
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    240,289
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    4,660
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,660
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    235,629
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    235,629
    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
    235,629
    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
    235,732
    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
    235,732
    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
    4,660
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    231,072
    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 7 235,629
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 168,491
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 235,732
    a Applied to 2013, but not more than line 2a 168,491
    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..... 67,241
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		168,388
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    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).)
    Dorothy M Nessel
    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
    A Hand for a Paw Inc
    114 Lakeside Drive
    Bridgeport,CT06606     		None PC General 2,000
    A WISH (World Institute for a Sustainable Humanity)
    PO Box 812
    Lopez Island,WA98261     		NONE PC Rneetswe Happy Home Orphan Center, Botswana 3,000
    American Cancer Society
    250 Williams Street NW
    Atlanta,GA30303     		None PC Relay For Life: Amy's Army 5,000
    Aspetuck Land Trust
    18 Cold Spring Road
    Easton,CT06612     		None PC General 2,500
    Bridgeport Hospital Foundation
    267 Grant St
    Bridgeport,CT06610     		NonE PC General 20,000
    Bridgeport Ladies Charitable Society
    427 Center Rd
    Easton,CT06612     		NONE PC General 2,000
    Bridgeport Rescue Mission
    PO Box 9057
    Bridgeport,CT066019057     		None PC General 5,000
    Center for Family Justice
    753 Fairfield Ave
    Bridgeport,CT06604     		NONE PC General 35,000
    Connecticut Challenge
    250 Pequot Avenue
    Southport,CT06890     		NONE PC General 20,000
    Friends of Ambler Farm
    PO Box 7442
    Wilton,CT06897     		None PC General 5,000
    Grace Cottage Foundation
    74 Grafton Road
    Townshend,VT05353     		NONE PC General 40,000
    Horizons at GFA
    35 Beachside Avenue
    PO Box Greens Farm,CT06838     		None PC General 18,000
    Kids4Peace
    505 Alexander Ave
    Durham,NC27705     		None PC General 2,000
    Meadow Ridge Scholarship Fund at Fairfield County Comm Fdn
    383 Main Avenue
    Norwalk,CT068511543     		None PC General 6,000
    Near and Far Aid Association Inc
    PO Box 717
    Southport,CT06490     		NONE PC General 5,000
    Norma F Pfriem Breast Care Center
    267 Grant St
    Bridgeport,CT06610     		None PC General 30,000
    Norwalk Hospital Foundation
    34 Maple Street
    Norwalk,CT06856     		None PC General 20,000
    Our Soil
    124 Church Road
    Sherburne,NY13460     		None PC General 5,000
    PEO Foundation
    3700 Grand Avenue
    Des Moines,IA50312     		None PC CT Scholarship Fund 2,500
    Roger Ludlowe Middle School PTA
    689 Unquowa Road
    Fairfield,CT06824     		NONE PC Outdoor Adventure Club Scholarships 3,000
    Total .................................bullet 3a 231,000
    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 13  
    4 Dividends and interest from securities....     14 113,061  
    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 .............     		    18 382,349  
    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).. 0 495,423 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13495,423
    (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

    TY 2014 AccountingFeesSchedule
    Name:
    The Irwin and Dorothy Nessel Foundation Inc
    EIN: 06-1596433
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Peoples Bank - Tax Fee 250 125   125

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    The Irwin and Dorothy Nessel Foundation Inc
    EIN: 06-1596433
    Name of Bond End of Year Book Value End of Year Fair Market Value
    100M Alliant Techsystems Inc 6.875% 09/15/2020 108,401 106,375
    55M Ballcorp 6.75% 9/15/2020 57,888 57,338
    75M Clean Harbors Inc 5.25% 08/01/20 74,915 75,375
    75M Constellation Brands 4.25% 05/01/23 74,292 74,531
    75M Energy Transfer Eq 5.875% 01/15/24 75,459 76,125
    100M Hanesbrands Inc 6.375% 12/15/2020 109,800 106,250
    50M Mastec Inc 4.875% 3/15/23 49,045 46,625
    50M Olin Corp 5.50% 08/15/2022 52,283 50,625
    100M Service Corp Intl 8% 11/15/2021 116,197 115,750
    100M Tenneco Inc 6.875% 12/15/15 108,963 105,750
    50M Time Warner 8.75% 02/14/2009 59,381 61,896
    75M Treehouse Foods Inc 4.875% 03/15/22 75,805 75,188

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    The Irwin and Dorothy Nessel Foundation Inc
    EIN: 06-1596433
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2000 Altria Corp 23,723 98,540
    245 Amazon.com 72,272 76,036
    3400 Apple Inc 15,911 375,292
    1000 Caterpillar Inc 43,998 91,530
    1000 Celgene Corp 33,451 134,232
    2000 Cognizant Technology Solutions 34,506 210,640
    800 Deere & Co 70,000 70,776
    600 Diageo PLC ADR 34,862 68,454
    1700 Dunkin Brands Group Inc 76,155 72,505
    3500 E M C Corp 62,554 104,090
    800 EBay Inc 42,973 44,896
    1800 Evercore Partners Inc 63,997 94,266
    1000 Expeditors Intl Wash Inc 47,331 44,610
    600 F5 Networks, Inc 57,967 78,279
    3850 General Electric 36,160 97,290
    280 Google Inc Cl C 99,086 147,392
    4000 Hospitality Ppptys Tr - Pfd Stock 97,261 104,520
    1000 Icon PLC 42,471 50,990
    1500 Jacobs Engineering Group 64,166 67,035
    1000 Johnson & Johnson 55,370 104,570
    4555 Kinder Morgan Inc 46,036 192,722
    700 Michael Kors Holdings 52,565 52,570
    1000 Monsanto Co New 78,054 119,470
    1000 National Oilwell Varco Inc 65,342 65,530
    1000 Pepsico Inc 59,602 94,560
    1500 Philip Morris Intl Inc 32,808 97,740
    3000 Quanta Services Inc 108,224 113,560
    800 Quintiles Transnational 37,598 47,096
    2600 Resmed Inc 58,665 145,756
    3000 RPX Corporation 44,623 41,340
    1000 Schlumberger Ltd 28,399 85,410
    75 The Priceline Group 90,713 85,516
    900 United Parcel Service 66,245 100,053
    450 Visa Inc Cl A 23,275 117,990
    1000 VmWare Inc 82,672 82,520
    2500 Whitewave Foods Inc 42,018 87,475

    TY 2014 InvestmentsOtherSchedule2
    Name:
    The Irwin and Dorothy Nessel Foundation Inc
    EIN: 06-1596433
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1000 American Tower Corp AT COST 71,373 98,850
    2000 Plum Creek Timber Co Inc AT COST 68,610 85,580
    75M Preferred Plus 7.55% PFD 4/01/28 AT COST 51,249 51,120

    TY 2014 LegalFeesSchedule
    Name:
    The Irwin and Dorothy Nessel Foundation Inc
    EIN: 06-1596433
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Gunn Godfrey & Allison 5,700 2,850   2,850


    TY 2014 OtherAssetsSchedule
    Name:
    The Irwin and Dorothy Nessel Foundation Inc
    EIN: 06-1596433
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Prepaid Bond Interest 2,088 0 0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    The Irwin and Dorothy Nessel Foundation Inc
    EIN: 06-1596433
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Custodial Fees 3,514 1,757   1,757
    Investment Mgmt Fees 24,161 24,161   0


    TY 2014 TaxesSchedule
    Name:
    The Irwin and Dorothy Nessel Foundation Inc
    EIN: 06-1596433
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Excise Taxes 4,184 0   0
    Foreign Taxes 566 566   0