TY 2014 Form 990PF

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	12,620,391
2	Enter amount from Part I, line 27a.....................	2	-6,166,304
3	Other increases not included in line 2 (itemize)	3	5,874,928
4	Add lines 1, 2, and 3..........................	4	12,329,015
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	12,329,015

(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	Gilead Sciences, Inc. 1000 shs	P	1997-05-23	2014-08-25
b	Gilead Sciences, Inc. 1000 shs	P	1997-05-23	2014-10-03
c	Gilead Sciences, Inc. 1000 shs	P	1997-05-23	2014-12-15
d	Capital Gains Dividends	P
e

(e) Gross sales price	(f) Depreciation allowed (or allowable)	(h) Gain or (loss) (e) plus (f) minus (g)
a	105,973	357	105,616
b	105,661	357	105,304
c	103,660	357	103,303
d	180,224		180,224
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	494,447
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

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
2013	2,350,296	74,022,852	0.031751
2012	11,786,790	44,336,492	0.265849
2011	9,721,018	44,170,739	0.220078
2010	10,312,650	53,650,341	0.192220
2009	6,319,475	61,969,158	0.101978

2	Total of line 1, column (d) ......................	2	0.811876
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	0.162375
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	100,261,731
5	Multiply line 4 by line 3.......................	5	16,279,999
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	4,973
7	Add lines 5 and 6.........................	7	16,284,972
8	Enter qualifying distributions from Part XII, line 4..............	8	6,663,601
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.

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	9,946
	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	9,946
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	9,946
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	17,450
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	17,450
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.	8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	7,504
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax7,504	Refunded	11	0

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
Gordon Gund	Trustee 6.00	0	0	0
14 Nassau Street Princeton,NJ08542
Llura Gund	Trustee 6.00	0	0	0
14 Nassau Street Princeton,NJ08542

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
Academy of Acheivement 1222 16th Street NW Washington,DC20036	None	501 ( c ) (3)	To help further charitable purposes of organization.	25,000
Advanced Medical Research Foundation 1101 Beacon Street2W Brookline,MA02446	None	501 ( c ) (3)	To help further charitable purposes of organization.	15,000
Alzheimer's Association 400 Morris Ave Denville,NJ07834	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,700
American Foundation for the Blind 145 West 45th Street Suite 300 New York,NY10036	None	501 ( c ) (3)	To help further charitable purposes of organization.	2,500
American Legion Fairview Post 738 19311 Lorain Road Cleveland,OH44106	None	501 ( c ) (3)	To help further charitable purposes of organization.	500
American Red Cross- National 2025 E Street Washington,DC20006	None	501 ( c ) (3)	To help further charitable purposes of organization.	3,000
American Repertory Theatre 64 Brattle Street Cambridge,MA02138	None	501 ( c ) (3)	To help further charitable purposes of organization.	25,000
Arava Institute & Nazon Israel Ride 125 Maiden Lane Suite 8B New York,NY10018	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,800
Art Beyond Sight 589 Broadway 3rd Floor New York,NY10012	None	501 ( c ) (3)	To help further charitable purposes of organization.	7,500
Arts & Minds PO Box 250073-Columbia U Sta New York,NY10025	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,500
Aspen Institute One Dupont Circle NW Suite 700 Washington,DC20036	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Aspen Music Festival and School 2 Music School Road Aspen,CO81611	None	501 ( c ) (3)	To help further charitable purposes of organization.	500
Aspen Volunteer Fire Dept 420 East Hopkins Street Aspen,CO81611	None	501 ( c ) (3)	To help further charitable purposes of organization.	500
Athletes for Hope 3 Bethesda Metro-Suite 450 Bethesda,MD20814	None	501 ( c ) (3)	To help further charitable purposes of organization.	151,074
Autism Speaks 1 East 33rd Street- 4th Fl New York,NY10016	None	501 ( c ) (3)	To help further charitable purposes of organization.	411,350
Autism Speaks 1 East 33rd Street- 4th Fl New York,NY10016	None	501 ( c ) (3)	To help further charitable purposes of organization.	94,577
Baldwin School 701 Montgomery Avenue Bryn Mawr,PA19010	None	501 ( c ) (3)	To help further charitable purposes of organization.	2,300
Beyond Sustainability thru Cross Cultural Journeys FDN PO Box 1369 Sausalito,CA94966	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Bolles School 7400 San Jose Boulevard Jacksonville,FL32217	None	501 ( c ) (3)	To help further charitable purposes of organization.	2,000
Boys & Girls Clubs of Mercer County 212 Centre Street Trenton,NJ08611	None	501 ( c ) (3)	To help further charitable purposes of organization.	25,000
Cadence Health Foundation 5050 Winfield Road Winfield,IL60190	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,500
Cameron & Hayden Lord Foundation 110 Riverside Drive 12C New York,NY10024	None	501 ( c ) (3)	To help further charitable purposes of organization.	17,500
Carsons Scholars Fund 305 W Chesapeake Avenue Towson,MD21204	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
Center for Independent Living of Bucks County 1200 Veterans HighwaySuite F-14 Box 820 Bristol,PA19007	None	501 ( c ) (3)	To help further charitable purposes of organization.	700
Center for Mind-Body Medicine 5225 Connecticut Avenue NW Suite 415 Washington,DC20115	None	501 ( c ) (3)	To help further charitable purposes of organization.	32,500
Centurion Ministries 1000 Herrontown Road Princeton,NJ08540	None	501 ( c ) (3)	To help further charitable purposes of organization.	3,000
Challenge Aspen PO Box M Aspen,CO81612	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
Children's Tumor Foundation 95 Pine Street 16th Floor New York,NY10005	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
Childrens Scholarship Fund 8 W 38th Street New York,NY10018	None	501 ( c ) (3)	To help further charitable purposes of organization.	25,000
Cleveland Clinic Foundation 9500 Euclid Avenue Cleveland,OH44195	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
Cleveland Institute of Art 11141 East Boulevard Cleveland,OH44106	None	501 ( c ) (3)	To help further charitable purposes of organization.	100,000
Cleveland Museum of Art 11150 East Boulevard Cleveland,OH44195	None	501 ( c ) (3)	To help further charitable purposes of organization.	42,500
Community Foundation for Nantucket PO Box 204 Nantucket,MA02554	None	501 ( c ) (3)	To help further charitable purposes of organization	24,000
Council on Economic Education 122 East 42nd Street Suite 2600 New York,NY10168	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
Crystal Bridges Museum of American Art 600 Museum Way Bentonville,AR72712	None	501 ( c ) (3)	To help further charitable purposes of organization.	20,000
Curtis Institute of Music Development 1726 Locust Street Philadelphia,PA19103	None	501 ( c ) (3)	To help further charitable purposes of organization.	20,000
Cystic Fibrosis Foundation 6931 Arlington Road Bethesda,MD20814	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
Dwelling Place of New York Inc 409 West 40th Street New York,NY10018	None	501 ( c ) (3)	To help further charitable purposes of organization.	700
EarthJustice 426 17th Street 6th Floor Oakland,CA94612	None	501 ( c ) (3)	To help further charitable purposes of organization.	300,000
Eiteljorg Museum 500 Washington Street Indianapolis,IN46204	None	501 ( c ) (3)	To help further charitable purposes of organization.	37,500
Environmental Defense Fund 257 Park Avenue South New York,NY10010	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Faith United Reform Church 10729 78th Avenue Allendale,MI49401	None	501 ( c ) (3)	To help further charitable purposes of organization.	500
Foundation Fighting Blindness PO Box 17279 Baltimore,MD21208	None	501 ( c ) (3)	To help further charitable purposes of organization.	4,180,075
Foundation Fighting Blindness PO Box 17279 Baltimore,MD21298	None	501 ( c ) (3)	To help further charitable purposes of organization.	2,287
Franklin Township PBA PO Box 154 Somerset,NJ08873	None	501 ( c ) (3)	To help further charitable purposes of organization.	300
Friends of Burlington County Animal Shelter 1 Caramel Drive Lumberton,NJ08048	None	501 ( c ) (3)	To help further charitable purposes of organization.	500
Friends of Harvard Hockey 124 Mount Auburn Street Cambridge,MA02138	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
Friends of Harvard Radcliffe Rowing 124 Mount Auburn Street Cambridge,MA02138	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
Friends of the Lawrence Library 2751 Brunswick Pike Lawrenceville,NJ08648	None	501 ( c ) (3)	To help further charitable purposes of organization.	500
Friends of the OSA 1822 R ST NW Washington,DC20009	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
Griggstown Volunteer Fire 1037 Canal RD Griggstown,NJ08540	None	501 ( c ) (3)	To help further charitable purposes of organization.	-600
Groton School 282 Farmers Row PO Box 991 Groton,MA01450	None	501 ( c ) (3)	To help further charitable purposes of organization.	3,000
Grounds for Sculpture 18 Fairgrounds Rd Hamilton,NJ08619	None	501 ( c ) (3)	To help further charitable purposes of organization.	41,990
Harvard University Annual Fund 124 Mount Auburn Street Cambridge,MA02138	None	501 ( c ) (3)	To help further charitable purposes of organization.	14,998
Helen Keller International 352 Park Avenue SoSuite 1200 New York,NY10010	None	501 ( c ) (3)	To help further charitable purposes of organization	5,000
HERE 145 6TH Avenue New York,NY10013	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Hiram College PO Box 67 Hiram,OH44234	None	501 ( c ) (3)	To help further charitable purposes of organization.	20,000
Home Front 1880 Princeton Avenue Lawrenceville,NJ08648	None	501 ( c ) (3)	To help further charitable purposes of organization.	20,500
Institute for Aegean Prehistory 3550 Market Street Suite 100 Philadelphia,PA19104	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Knights of Columbus Archangel Council 7429 178 W White Horse Pike Berlin,NJ08009	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
LaCrosse County Historical Society PO Box 1272 LaCrosse,WI54602	None	501 ( c ) (3)	To help further charitable purposes of organization.	300
Lighthouse Guild 111 East 59th Street New York,NY10022	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Lochland School 1065 Lockland Street Geneva,NY14456	None	501 ( c ) (3)	To help further charitable purposes of organization.	2,500
Marina Orth Foundation 4907 Rockwood Parkway NW Washington,DC20016	None	501 ( c ) (3)	To help further charitable purposes of organization.	2,000
Memphis Opportunity Scholarship Trust 850 Ridge Lake BLVD- Suite 500 Memphis,TN38120	None	501 ( c ) (3)	To help further charitable purposes of organization.	3,000
Meridian International Center 1630 Crescent Place Washington,DC20009	None	501 ( c ) (3)	To help further charitable purposes of organization.	15,000
Metropolitan Museum of Art 1000 Fifth Avenue New York,NY10028	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
MiracleFeet 605 W Main Street Carrboro,NC27510	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
Museum of the City of New York 1220 Fifth Avenue New York,NY10029	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
Nantucket Athenium One India Street PO Box 808 Nantucket,MA02554	None	501 ( c ) (3)	To help further charitable purposes of organization.	2,000
Nantucket Conservation Foundation PO Box 13- 118 Cliff RD Nantucket,MA02554	None	501 ( c ) (3)	To help further charitable purposes of organization.	250,000
Nantucket Historical Association 13 Broad Street Nantucket,MA02554	None	501 ( c ) (3)	To help further charitable purposes of organization.	25,000
National Right to Work Legal Defense Fund 8001 Braddock Road Springfield,VA22160	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
National Urban League 156 Fifth Avenue Suite 222 New York,NY10010	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
Natural Resource Defense Council 40 West 20th Street New York,NY10011	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Nature Center at Shaker Lakes 2600 South Park Blvd Cleveland,OH44120	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Naturebridge (CCJF) 1920 L St NW Washington,DC20036	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
New York Botanical Garden 200th Street Kazimiroff Boulevard Bronx,NY10458	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
New York Stem Cell Foundation 1995 Broadway Suite 600 New York,NY10023	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
On the Rise 341 Broadway Cambridge,MA02139	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
Peggy Guggenheim Collection 1071 Fifth Ave C/O SGuggenheim FDN New York,NY10028	None	501 ( c ) (3)	To help further charitable purposes of organization.	20,000
People & Stories 140 E Hanover Street Trenton,NJ08608	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Pet Rescue of Mercer County PO Box 2574 Hamilton,NJ08690	None	501 ( c ) (3)	To help further charitable purposes of organization.	500
Pillar of Fire International 10 Chapel Drive Zaraphath,NJ08890	None	501 ( c ) (3)	To help further charitable purposes of organization.	2,900
Pinelands Preservation Alliance 17 Pemberton RD Vincentown,NJ08088	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
Population Council 1 DAG HAMMARSKJOLD PLZ New York,NY10017	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
Princeton Adult School PO Box 701 Princeton,NJ08542	None	501 ( c ) (3)	To help further charitable purposes of organization.	250
Princeton Area Community Foundation 15 Princess Road Lawrenceville,NJ08648	None	501 ( c ) (3)	To help further charitable purposes of organization.	50,000
Project Hope 255 Carter Hall Lane Millwood,VA22646	None	501 ( c ) (3)	To help further charitable purposes of organization.	500
Prostate Cancer Foundation 1616 Walnut Street-24th FL Philadelphia,PA19103	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
ResearchAmerica 1101 King Street Suite 520 Alexandria,VA22314	None	501 ( c ) (3)	To help further charitable purposes of organization.	25,000
Rock and Roll Hall of Fame 1 Key Plaza Cleveland,OH44114	None	501 ( c ) (3)	To help further charitable purposes of organization.	2,000
Ronald Reagan Presidential Foundation 40 PRESIDENTIAL DRIVE Simi Valley,CA93065	None	501 ( c ) (3)	To help further charitable purposes of organization.	50,000
RYR-1 Foundation PO Box 13312 Pittsburgh,PA15243	None	501 ( c ) (3)	To help further charitable purposes of organization.	25,000
Salvation Army PO Box 3124 Union,NJ070831924	None	501 ( c ) (3)	To help further charitable purposes of organization.	300
Save our Sound 4 Barnstable Road Hyannis,MA02601	None	501 ( c ) (3)	To help further charitable purposes of organization.	15,000
Shark Savers 419 Lafayette Street New York,NY10003	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Shelburne Museum US Route 7 PO Box 10 Shelburne,VT05482	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
Shelly Davis Memorial Fund 1126 16th Street NW Suite 270 Washington,DC20036	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
South Brunswick Social Services PO Box 190 Municipal Complex Monmouth Junction,NJ08852	None	501 ( c ) (3)	To help further charitable purposes of organization.	100
St Vincent de Paul Society 157 W White Horse Pike Berlin,NJ08009	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,200
St Charles Borromeo Parish 4500 Ackerman Blvd Kettering,OH45429	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
St Vincent Academy 228 W Market Street Newark,NJ07103	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,200
State College of Optometry 33 West 42nd Street New York,NY100368003	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
Stonybrook-Millstone Watershed Assoc 31 Titus Mill Road Pennington,NJ08534	None	501 ( c ) (3)	To help further charitable purposes of organization.	25,000
The Smith Fund PO Box 340029 Boston,MA002410429	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,300
Trust for Public Land 101 Montgomery Street Suite 900 San Francisco,CA94104	None	501 ( c ) (3)	To help further charitable purposes of organization.	750
Tuckernuck Land Trust 6 Ash Lane 2nd Floor PO Box 1093 Nantucket,MA02554	None	501 ( c ) (3)	To help further charitable purposes of organization.	-1,000
Union Club Foundation 1211 Euclid Avenue Cleveland,OH44115	None	501 ( c ) (3)	To help further charitable purposes of organization.	250
United Negro College Fund 8260 Willow Oaks Corporate Drive Fairfax,VA22031	None	501 ( c ) (3)	To help further charitable purposes of organization.	500
United States Association for Blind Athletes One Olympic Plaza Colorado Springs,CO80909	None	501 ( c ) (3)	To help further charitable purposes of organization.	15,000
United Way of Greater Battle Creek 34 W JACKSON STREET Battle Creek,MI49017	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
University of Maryland Foundation 3300 Melzerolt Road Adelphi,MD20783	None	501 ( c ) (3)	To help further charitable purposes of organization.	1,000
USO 601 Indiana Avenue NW Washington,DC20004	None	501 ( c ) (3)	To help further charitable purposes of organization.	300
WGBH- Boston One Guest Street Boston,MA02135	None	501 ( c ) (3)	To help further charitable purposes of organization.	35,000
WNET Patron Network 825 Eighth Avenue New York,NY10019	None	501 ( c ) (3)	To help further charitable purposes of organization.	15,000
Yale School of Medicine-Department of Epidemiology & Public Health 333 Cedar Street New Haven,CT06510	None	501 ( c ) (3)	To help further charitable purposes of organization.	200,000
Total ................................. 3a				6,663,601

bApproved for future payment
Athletes for Hope 3 Bethesda Metro-Suite 450 Bethesda,MD20814	None	501 ( c ) (3)	To help further charitable purposes of organization.	148,926
Beyond Sustainability thru Cross Cultural Journeys FDN PO Box 1369 Sausalito,CA94966	None	501 ( c ) (3)	To help further charitable purposes of organization.	20,000
Boys & Girls Clubs of Mercer County 212 Centre Street Trenton,NJ08611	None	501 ( c ) (3)	To help further charitable purpose of organization.	100,000
Center for Mind-Body Medicine 5225 Connecticut Avenue NW Suite 415 Washington,DC20115	None	501 ( c ) (3)	To help further charitable purposes of organization.	20,000
Cleveland Institute of Art 11141 East Boulevard Cleveland,OH44106	None	501 ( c ) (3)	To help further charitable purposes of organization.	200,000
Cleveland Museum of Art 11150 East Boulevard Cleveland,OH44195	None	501 ( c ) (3)	To help further charitable purposes of organization.	350,000
Community Foundation for Nantucket PO Box 204 Nantucket,MA02554	None	501 ( c ) (3)	To help further charitable purposes of organization.	24,000
Earthjustice 426 17th Street 6th Floor Oakland,CA94612	None	501 ( c ) (3)	To help further charitable purposes of organization.	300,000
Eiteljorg Museum 500 Washington Street Indianapolis,IN46204	None	501 ( c ) (3)	To help further charitable purposes of organization.	62,500
Harvard Management Company- Eye Study 124 Mount Auburn Street Cambridge,MA02138	None	501 ( c ) (3)	To help further charitable purposes of organization.	100,000
Hiram College PO Box 67 Hiram,OH44234	None	501 ( c ) (3)	To help further charitable purposes of organization.	40,000
HomeFront 1880 Princeton Avenue Lawrenceville,NJ08648	None	501 ( c ) (3)	To help further charitable purposes of organization.	80,000
Memphis Opportunity Scholarship 850 Ridge Lake BLVD- Suite 500 Memphis,TN38120	None	501 ( c ) (3)	To help further charitable purposes of organization.	6,000
Nantucket Athenium 1 India Street Nantucket,MA02554	None	501 ( c ) (3)	To help further charitable purposes of organization.	4,000
Nantucket Historical Association 13 Broad Street Nantucket,MA02554	None	501 ( c ) (3)	To help further charitable purposes of organization.	100,000
NatureBridge PO Box 1016 San Francisco,CA94108	None	501 ( c ) (3)	To help further charitable purposes of organization.	20,000
People & Stories 140 E Hanover Street Trenton,NJ08608	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
Princeton Area Community Foundation 15 Princess Road Lawrenceville,NJ08648	None	501 ( c ) (3)	To help further charitable purposes of organization.	50,000
Princeton Public Library Fund 65 Witherspoon Street Princeton,NJ08542	None	501 ( c ) (3)	To help further charitable purposes of organization.	20,000
ResearchAmerica 1101 King Street Suite 520 Alexandria,VA223142960	None	501 ( c ) (3)	To help further charitable purposes of organization.	50,000
Ronald Reagan Legacy Project 722 12th Street NW Washington,DC20005	None	501 ( c ) (3)	To help further charitable purposes of organization.	50,000
Ronald Reagan Presidential Foundation 40 PRESIDENTIAL DRIVE Simi Valley,CA93065	None	501 ( c ) (3)	To help further charitable purposes of organization.	50,000
RYR-1 Foundation PO Box 13312 Pittsburgh,PA15243	None	501 ( c ) (3)	To help further charitable purposes of organization.	75,000
SharkSavers 419 Lafayette Street New York,NY10003	None	501 ( c ) (3)	To help further charitable purposes of organization.	5,000
Shelly Davis Memorial Fund 1126 16th Street NW Suite 270 Washington,DC20036	None	501 ( c ) (3)	To help further charitable purposes of organization.	10,000
Stonybrook-Millstone Watershed Assoc 31 Titus Mill Road Pennington,NJ08534	None	501 ( c ) (3)	To help further charitable purposes of organization.	50,000
United State Association for Blind Athletes 33 N Institue Street Brown Hall Suite 015 Colorado Springs,CO80903	None	501 ( c ) (3)	To help further charitable purposes of organization.	30,000
Total ................................. 3b				1,975,426

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


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	121		121
4	Dividends and interest from securities......	131,720		131,720
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		494,447
b	Gross sales price for all assets on line 6a 495,518
7	Capital gain net income (from Part IV, line 2)...			494,447
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).......		681	681
12	Total. Add lines 1 through 11........	626,969		626,969
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		85,000	85,000	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,565	2,565	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		42,107	42,107	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	129,672		129,672	0
25	Contributions, gifts, grants paid........	6,663,601			6,663,601
26	Total expenses and disbursements. Add lines 24 and 25	6,793,273		129,672	6,663,601
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-6,166,304
b	Net investment income (if negative, enter -0-)			497,297
c	Adjusted net income (if negative, enter -0-)...

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...............	395,584	11,730	11,730
	2	Savings and temporary cash investments..........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule) 1,100,000
		Less: allowance for doubtful accounts 0	1,200,000	1,100,000	1,100,000
	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)........	11,024,807	11,302,285	105,259,320
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	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)	12,620,391	12,414,015	106,371,050
	17	Accounts payable and accrued expenses..........		85,000
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........	0	85,000
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................	12,620,391	12,329,015
	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.........
	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)......	12,620,391	12,329,015
	31	Total liabilities and net assets/fund balances (see instructions)..	12,620,391	12,414,015

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			105,616
b			105,304
c			103,303
d			180,224
e

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

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	2,350,296	74,022,852	0.031751
2012	11,786,790	44,336,492	0.265849
2011	9,721,018	44,170,739	0.220078
2010	10,312,650	53,650,341	0.192220
2009	6,319,475	61,969,158	0.101978

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
Gordon Gund	Trustee 6.00	0	0	0
14 Nassau Street Princeton,NJ08542	Trustee 6.00	0	0	0
Llura Gund	Trustee 6.00	0	0	0
14 Nassau Street Princeton,NJ08542	Trustee 6.00	0	0	0

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7					5,003,141
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	3,239,835
b From 2010.......	7,630,281
c From 2011.......	7,517,931
d From 2012.......	9,609,695
e From 2013.......
fTotal of lines 3a through e.........		27,997,742
4Qualifying distributions for 2014 from Part
XII, line 4: $ 6,663,601
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.....					5,003,141
e Remaining amount distributed out of corpus		1,660,460
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		29,658,202
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) ...		3,239,835
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		26,418,367
10 Analysis of line 9:
a Excess from 2010....	7,630,281
b Excess from 2011....	7,517,931
c Excess from 2012....	9,609,695
d Excess from 2013....
e Excess from 2014....	1,660,460

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

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	121
4 Dividends and interest from securities....			14	131,720
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	681
8 Gain or (loss) from sales of assets other than inventory .............			14	494,447
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		626,969	0

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.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Gilead Sciences	259,743	65,604,960
Covance Inc	1,059,734	9,170,110
Corning Inc	3,092,177	11,590,074
Artisan Int'l Fund	2,020,557	2,620,022
WF Closed End Int'l Fund	1,605,440	1,640,519
Align Technologies	380,000	11,182,000
Artisan Global Opport.Fund	2,884,634	3,451,635

Description	Revenue and Expenses per Books	Net Investment Income
WF Fund Investm. Fees-K-1(Bx 13K)	12,570	12,570
Bank Fees	75	75
WF Fund Other Losses K-1 (Bx 11A)	29,462	29,462

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

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