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
ARKES FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)641 W WILLOW ST NO 138   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60614
A Employer identification number

46-1536842
B Telephone number (see instructions)

(312) 280-8292
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$10,589,738J 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).............. 0
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 272,430 272,430  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 82,335
b Gross sales price for all assets on line 6a 2,051,834
7 Capital gain net income (from Part IV, line 2)... 82,335
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)....... Click to see attachment 2,637 2,637  
12 Total. Add lines 1 through 11........ 357,402 357,402  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,879 1,940   1,939
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,498 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 48,361 47,428   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 56,738 49,368   1,964
25 Contributions, gifts, grants paid........ 499,817 499,817
26 Total expenses and disbursements. Add lines 24 and 25 556,555 49,368   501,781
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -199,153
b Net investment income (if negative, enter -0-) 308,034
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 203,154 136,702 136,702
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)........ 5,949,162 Click to see attachment6,035,810 6,745,526
c Investments—corporate bonds (attach schedule)........ 2,862,844 Click to see attachment2,661,286 2,613,870
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,137,712 Click to see attachment1,119,921 1,093,640
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,152,872 9,953,719 10,589,738
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......... 10,152,872 9,953,719
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)...... 10,152,872 9,953,719
31 Total liabilities and net assets/fund balances (see instructions).. 10,152,872 9,953,719
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 10,152,872
2 Enter amount from Part I, line 27a..................... 2 -199,153
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 9,953,719
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 9,953,719
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 NORTHERN TRUST      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(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 1,984,632   1,969,499 15,133
b 67,202     67,202
c
d
e
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       15,133
b       67,202
c
d
e
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 82,335
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 49,422 10,030,933 0.004927
2012 0 9,860,699 0.000000
2011      
2010      
2009      
2 Total of line 1, column (d) ...................... 2 0.004927
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 0.002464
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 10,708,700
5 Multiply line 4 by line 3....................... 5 26,386
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,080
7 Add lines 5 and 6......................... 7 29,466
8 Enter qualifying distributions from Part XII, line 4.............. 8 501,781
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 3,080
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 3,080
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 3,080
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 2,400
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 2,400
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 9 680
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    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 ofbulletMICHAEL A ARKES Telephone no.bullet (312) 280-8292
    Located atbullet641 W WILLOW ST NO 138CHICAGOIL ZIP+4bullet60614
    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
    MICHAEL ARKES PRESIDENT
    0.00     		0 0 0
    641 W WILLOW ST STE 138
    CHICAGO,IL60614
    HELEN ARKES DIRECTOR
    0.00     		0 0 0
    641 W WILLOW ST STE 138
    CHICAGO,IL60614
    JOHN ERAMO DIRECTOR
    0.00     		0 0 0
    414 CHURCH ST
    EVANSTON,IL60201
    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 NONE 0
    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 NONE 0
    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
    10,670,033
    b
    Average of monthly cash balances.......................
    1b
    201,744
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,871,777
    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
    10,871,777
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    163,077
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,708,700
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    535,435
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    535,435
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    3,080
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,080
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    532,355
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    532,355
    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
    532,355
    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
    501,781
    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
    501,781
    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
    3,080
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    498,701
    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 7 532,355
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 481,794
    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$ 501,781
    a Applied to 2013, but not more than line 2a 481,794
    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..... 19,987
    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 ..........     		512,368
    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).)
    MICHAEL ARKES
    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 BETTER CHICAGO
    222 MERCHANDISE MART PLAZA STE 1212
    CHICAGO,IL60654     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,000
    A NEW DAY CAMBODIA
    PO BOX 2986
    HILLSIDE,IL60162     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    ALLIANCE TO END HOMELESSNESS IN SUBURBAN COOK COUNTY
    4415 W HARRISON STE 228
    HILLSIDE,IL60162     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,000
    ALZHEIMERS ASSOCIATION GREATER ILLINOIS CHAPTER
    8430 W BRYN MAWR STE 800
    CHICAGO,IL60631     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    AMERICAN FRIENDS OF NEVE SHALOMWAHAT AL-SALAM
    12925 RIVERSIDE DR STE 230
    SHERMAN OAKS,CA91423     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    AMERICAN FRIENDS OF TEL AVIV UNIVERSITY
    39 BROADWAY STE 1510
    NEW YORK,NY10006     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    AMNESTY INTERNATIONAL
    5 PENN PLAZA
    NEW YORK,NY10001     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    ANSHE EMET
    3751 NORTH BROADWAY ST
    CHICAGO,IL60613     		NONE   EXEMPT PURPOSE OF ORGANIZATION 9,212
    ANTI-DEFAMATION LEAGUE
    120 S LASALLE ST SUITE 1150
    CHICAGO,IL60603     		NONE   EXEMPT PURPOSE OF ORGANIZATION 17,000
    ART INSTITUTE OF CHICAGO
    111 S MICHIGAN
    CHICAGO,IL60603     		NONE   EXEMPT PURPOSE OF ORGANIZATION 135
    AUNT MARTHA'S YOUTH SERVICE CENTER
    3034 WESTERN AVE
    PARK FOREST,IL60466     		NONE   EXEMPT PURPOSE OF ORGANIZATION 2,600
    BARR-HARRIS CHILDREN'S GRIEF CENTER
    122 S MICHIGAN STE 1300
    CHICAGO,IL60603     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    BBYO GREATER MIDWEST REGION
    216 W JACKSON 6TH FLOOR
    CHICAGO,IL60606     		NONE   EXEMPT PURPOSE OF ORGANIZATION 10,000
    BERNARD ZELL ANSHE EMET DAY SCHOOL
    3751 NORTH BROADWAY ST
    CHICAGO,IL60613     		NONE   EXEMPT PURPOSE OF ORGANIZATION 25,000
    BEYOND OCD
    2300 LINCOLN PARK WEST STE 206B
    CHICAGO,IL60614     		NONE   EXEMPT PURPOSE OF ORGANIZATION 200
    BLUE SKY BAKERY
    3720 N LINCOLN
    CHICAGO,IL60613     		NONE   EXEMPT PURPOSE OF ORGANIZATION 600
    CAMERA
    PO BOX 35040
    BOSTON,MA02135     		NONE   EXEMPT PURPOSE OF ORGANIZATION 2,000
    CARE
    70 E LAKE STREET ROOM 1430
    CHICAGO,IL60601     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    CHAI LIFELINE
    151 WEST 30TH ST
    NEW YORK,NY10001     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    CHICAGO ACADEMY FOR THE ARTS
    1010 W CHICAGO
    CHICAGO,IL60642     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    CHICAGO AREA RUNNER'S ASSOCIATION
    549 WEST RANDOLPH SUITE 704
    CHICAGO,IL60661     		NONE   EXEMPT PURPOSE OF ORGANIZATION 2,500
    CHICAGO CHILDRENS CHOIR
    78 E WASHINGTON
    CHICAGO,IL60602     		NONE   EXEMPT PURPOSE OF ORGANIZATION 350
    CHICAGO CHILDREN'S MUSEUM
    700 E GRAND AVE
    CHICAGO,IL60611     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    CHICAGO HOUSE
    1925 N CLYBOURN AVE SUITE 401
    CHICAGO,IL60614     		NONE   EXEMPT PURPOSE OF ORGANIZATION 2,000
    CHICAGO HUMAN RHYTHM PROJECT
    410 S MICHIGAN AVE
    CHICAGO,IL60605     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    CHRISTOPHER & DANA REEVE FOUNDATION
    636 MORRIS TURNPIKE SUITE 3A
    SHORT HILLS,NJ07078     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    CHRISTOPHER HOUSE
    5235 W BELDEN AVE
    CHICAGO,IL60639     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    CITY OF HOPE
    20 N UPPER WACKER DR 1530
    CHICAGO,IL60606     		NONE   EXEMPT PURPOSE OF ORGANIZATION 50
    CONGREGATION RAMOT ZIOT
    68 BAR KOKHBA ST
    JERUSALEM,FRENCH HILL49012
    IS     		NONE   EXEMPT PURPOSE OF ORGANIZATION 360
    DELTA INSTITUTE
    35 E WACKER DR STE 1200
    CHICAGO,IL60601     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    DOCTORS WITHOUT BORDERS
    333 SEVENTH AVE
    NEW YORK,NY10001     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    DONOR SIBLING REGISTRY
    PO BOX 1571
    NEDERLAND,CO80466     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    DR MARTIN LUTHER KING BOYS & GIRLS CLUB
    2950 W WASHINGTON ST
    CHICAGO,IL60612     		NONE   EXEMPT PURPOSE OF ORGANIZATION 25,000
    EPIC ACADEMY
    8255 S HOUSTON AVE
    CHICAGO,IL60617     		NONE   EXEMPT PURPOSE OF ORGANIZATION 5,000
    ERICKSON INSTITUTE
    451 N LASALLE
    CHICAGO,IL60654     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    FAMILY INSTITUTE
    200 LINCOLN ST
    BOSTON,MA02111     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    FINCA
    1201 15TH ST NW 8TH FLOOR
    WASHINGTON,DC20005     		NONE   EXEMPT PURPOSE OF ORGANIZATION 750
    FRANCIS PARKER SCHOOL
    49 ANTIETAM ST
    DEVENS,MA01434     		NONE   EXEMPT PURPOSE OF ORGANIZATION 43,450
    FRIENDS OF THE SMITHSONIAN
    S DILLON RIPLEY CTR STE 3150
    WASHINGTON,DC20013     		NONE   EXEMPT PURPOSE OF ORGANIZATION 75
    FRIENDS OF UNITED HATZALAH
    208 E 51ST ST STE 303
    NEW YORK,NY10022     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,000
    GATEWAY FOUNDATION
    55 E JACKSON STE 1500
    CHICAGO,IL60604     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,000
    GIRF
    70 E LAKE ST SUITE 1015
    CHICAGO,IL60601     		NONE   EXEMPT PURPOSE OF ORGANIZATION 2,800
    GREATER CHICAGO FOOD DEPOSITORY
    4100 W ANN LURIE PLACE
    CHICAGO,IL60632     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    GREYHOUNDS ONLY INC
    335 E GENEVA RD 173
    CAROL STREAM,IL60188     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    GROWING HOME
    2732 N CLARK ST SUITE 310
    CHICAGO,IL60614     		NONE   EXEMPT PURPOSE OF ORGANIZATION 5,450
    HABITAT FOR HUMANITY
    2201 S HALSTED ST SUITE 1251
    CHICAGO,IL60608     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    HADASSAH
    50 W 58TH ST
    NEW YORK,NY10019     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,000
    HEIFER INTL
    1 WORLD AVE
    LITTLE ROCK,AR72202     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    HELPING HANDS INCENTIVES
    641 W WILLOW UNIT 138
    CHICAGO,IL60614     		NONE   EXEMPT PURPOSE OF ORGANIZATION 165,000
    HIGH JUMP
    59 W NORTH BLVD
    CHICAGO,IL60610     		NONE   EXEMPT PURPOSE OF ORGANIZATION 5,000
    HIGH SIGHT
    315 W WALTON ST
    CHICAGO,IL60610     		NONE   EXEMPT PURPOSE OF ORGANIZATION 5,000
    HOPE FOR VISIONGREATER CHICAGO COMMUNITY FOR HOPE
    1011 S WAIOLA AVE
    LA GRANGE,IL60525     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    IGNITE THE SPIRIT
    6400 N NORTHWEST HWY UNIT 402
    CHICAGO,IL60631     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    IL HOLOCAUST MUSEUM
    9603 WOODS DR
    SKOKIE,IL60077     		NONE   EXEMPT PURPOSE OF ORGANIZATION 11,375
    IL LEADERSHIP SEMINAR
    3225 W FOSTER AVE
    CHICAGO,IL60625     		NONE   EXEMPT PURPOSE OF ORGANIZATION 200
    ILLINOIS HILLEL
    503 E JOHN ST
    CHAMPAIGN,IL61820     		NONE   EXEMPT PURPOSE OF ORGANIZATION 150
    IMPACT 100 CHICAGO
    PO BOX 607
    PALATINE,IL60078     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,000
    INSPIRATION CORPORATION
    4554 N BROADWAY STE 207
    CHICAGO,IL60640     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,000
    JEWISH CHILDREN ADOPTION NETWORK
    PO BOX 147016
    DENVER,CO80214     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    JEWISH COUNCIL ON URBAN AFFAIRS
    610 S MICHIGAN STE 400
    CHICAGO,IL60605     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    JEWISH FEDERATION
    30 S WELLS ST
    CHICAGO,IL60606     		NONE   EXEMPT PURPOSE OF ORGANIZATION 25,000
    JEWISH GENEALOGOCIAL SOCIETY
    PO BOX 515
    NORTHBROOK,IL60065     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    JEWISH UNITED FUND
    30 S WELLS ST
    CHICAGO,IL60606     		NONE   EXEMPT PURPOSE OF ORGANIZATION 75,000
    LAKEVIEW PANTRY
    3831 N BROADWAY ST
    CHICAGO,IL60613     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,000
    LINCOLN PARK COMMUNITY SHELTER
    600 W FULLERTON PKWY
    CHICAGO,IL60614     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    LITERATURE FOR ALL OF US
    2010 DEWEY AVE
    EVANSTON,IL60201     		NONE   EXEMPT PURPOSE OF ORGANIZATION 150
    LUNGEVITY
    218 S WABASH STE 540
    CHICAGO,IL60604     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    LYNN SAGE CANCER RESEARCH FOUNDATION
    251 E HURON STE 3-200
    CHICAGO,IL60611     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    MAKE A WISH FOUNDATION
    640 N LASALLE ST SUITE 280
    CHICAGO,IL60654     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    MAOT CHITIM
    7366 N LINCOLN AVE SUITE 301
    LINCOLNWOOD,IL60712     		NONE   EXEMPT PURPOSE OF ORGANIZATION 2,000
    MAZON
    110495 SANTA MONICA BLVD SUITE 100
    LOS ANGELES,CA90025     		NONE   EXEMPT PURPOSE OF ORGANIZATION 750
    MENOMONEE CLUB
    1535 N DAYTON ST
    CHICAGO,IL60642     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    MERCADO GLOBAL
    33 NASSAU AVE STE 93
    BROOKLYN,NY11222     		NONE   EXEMPT PURPOSE OF ORGANIZATION 2,500
    METROPOLITAN FAMILY SERVICES
    1 NORTH DEARBORN STE 1000
    CHICAGO,IL60602     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    NARAGATSU ART INSTITUTENARAGATSU ART INSTITUTE
    333 S BRUNT ST
    ENGLEWOOD,NJ07631     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    NATIONAL COUNCIL OF JEWISH WOMEN
    475 RIVERSIDE DRIVE STE 1901
    NEW YORK,NY10115     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    NATIONAL PARKINSON FOUNDATION
    200 SE 1ST ST STE 800
    MIAMI,FL33131     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    NATIONAL TTT SOCIETY
    811 E WASHINGTON ST 102
    MT PLEASANT,LA52641     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    NIGHT MINISTRY
    4711 N RAVENSWOOD
    CHICAGO,IL60640     		NONE   EXEMPT PURPOSE OF ORGANIZATION 2,000
    NIU FOUNDATION
    ALTGELD HALL 135
    DEKALB,IL60115     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,000
    NOW FOUNDATION
    1100 H ST NW STE 300
    WASHINGTON,DC20005     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    OLD ST PATRICK'S CHURCH
    700 W ADAMS ST
    CHICAGO,IL60661     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    ONE ACRE FUND
    1742 TATUM ST
    FALCON HEIGHTS,MN55113     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,240
    OXFAM AMERICA
    226 CAUSEWAY ST
    BOSTON,MA02114     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    PLANNED PARENTHOOD
    18 S MICHIGAN AVE 6TH FLOOR
    CHICAGO,IL60603     		NONE   EXEMPT PURPOSE OF ORGANIZATION 750
    PURDUE UNIVERSITY CALUMET
    2200 169TH ST
    HAMMOND,IN46323     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    RESPOND NOW
    1439 EMERALD AVE PO BOX 215
    CHICAGO HEIGHTS,IL60612     		NONE   EXEMPT PURPOSE OF ORGANIZATION 2,000
    SAVE THE CHILDREN
    501 KINGS HWY EAST STE 400
    FAIRFIELD,CT06825     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    SEASON HOSPICE FOUNDATION
    6400 SHAFER CT STE 700
    ROSEMONT,IL60018     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    SHALVA
    PO BOX 46375
    CHICAGO,IL60646     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    SOUTH SUBURBAN FAMILY SHELTER
    PO BOX 937
    HOMEWOOD,IL60430     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVE
    MONTGOMERY,AL36104     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,500
    SPERTUS INSTITUTE
    610 S MICHIGAN
    CHICAGO,IL60605     		NONE   EXEMPT PURPOSE OF ORGANIZATION 250
    ST JUDE CHILDRENS HOSPITAL
    501 ST JUDE PL
    MEMPHIS,TN38105     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    STORYCATCHER THEATRE
    544 W OAK ST STE 1005
    CHICAGO,IL60610     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    TEACH FOR AMERICA
    60 CANAL ST 3RD FLOOR
    BOSTON,MA02114     		NONE   EXEMPT PURPOSE OF ORGANIZATION 10,000
    THE ARK
    6450 N CALIFORNIA AVE
    CHICAGO,IL60645     		NONE   EXEMPT PURPOSE OF ORGANIZATION 5,250
    THEATRE SEVEN
    1341 W FULLERTON STE 325
    CHICAGO,IL60614     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    THRESHOLDS
    4101 N RAVENSWOOD AVE
    CHICAGO,IL60613     		NONE   EXEMPT PURPOSE OF ORGANIZATION 200
    UNICEF
    125 MAIDEN LN
    NEW YORK,NY10038     		NONE   EXEMPT PURPOSE OF ORGANIZATION 500
    UNIVERSITY OF CHICAGO CANCER RESEARCH FOUNDATION
    5841 S MARYLAND MC1140
    CHICAGO,IL60637     		NONE   EXEMPT PURPOSE OF ORGANIZATION 1,000
    UNIVERSITY OF ILLINOIS FOUNDATION COLLEGE OF EDUCATION
    1305 W GREEN
    URBANA,IL61801     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    WBEZ
    848 GRAND AVE
    CHICAGO,IL60611     		NONE   EXEMPT PURPOSE OF ORGANIZATION 120
    WIKIMEDIA FOUNDATION
    149 NEW MONTGOMERY ST 6TH FLOOR
    SAN FRANCISCO,CA94105     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    WOLCOTT SCHOOL
    154 CENTER ST
    WOLCOTT,CT06716     		NONE   EXEMPT PURPOSE OF ORGANIZATION 5,000
    WORLD WILDLIFE FUND
    1250 24TH ST NW
    WASHINGTON,DC20077     		NONE   EXEMPT PURPOSE OF ORGANIZATION 100
    WTTW
    5400 SAINT LOUIS AVE
    CHICAGO,IL60625     		NONE   EXEMPT PURPOSE OF ORGANIZATION 150
    Total .................................bullet 3a 499,817
    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 ............     		         
    4 Dividends and interest from securities....     14 272,430  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 2,637  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 82,335  
    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).. 0 357,402 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13357,402
    (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:
    ARKES FAMILY FOUNDATION
    EIN: 46-1536842
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,879 1,940   1,939

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    ARKES FAMILY FOUNDATION
    EIN: 46-1536842
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MFB NORTHERN FDS CORE BD FD 623,457 622,286
    MFB NORTHERN FDS FIXED INCOME FD 600,000 600,000
    MFB NORTHERN FDS ULTRA SHORT FIXED 325,067 324,113
    MFB NORTHERN HIGH YIELD FIXED INCOME FUND 356,007 333,478
    MFC FLEX SHARES TR IBOXX 3 YR 126,019 121,620
    MFO DOUBLELINE CORE FIXED INCOME FUND I 275,010 274,261
    MFO PIMCO FDS PAC INVT MGMT SER HIGH 355,726 338,112
    MFO PIMCO FDS PAC INVT MGMT SER TOTAL 0 0

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    ARKES FAMILY FOUNDATION
    EIN: 46-1536842
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 22,202 27,770
    ABBOTT LABORATORIES 8,578 8,779
    ABBVIE INC.COM 17,787 25,783
    ALTRIA GROUP INC 10,562 14,732
    ANALOG DEVICES INC 16,792 19,488
    APPLE INC 0 0
    AT&T INC 0 0
    AUTOMATIC DATA PROCESSING 7,090 10,671
    BAXTER INTL INC 19,497 20,594
    BCE INC 12,548 12,887
    BLACKROCK INC 19,079 24,672
    BRISTOL MYERS SQUIBB 0 0
    CHEVRON CORP 22,523 21,314
    CISCO SYSTEMS INC 18,610 23,253
    COCA COLA CO 17,528 18,450
    CULLEN FROST BANKERS INC 0 0
    EMERSON ELECTRIC CO 21,386 22,964
    GALLAGHER ARTHUR J & CO 10,552 12,005
    GENERAL ELECTRIC CO 19,931 21,757
    GENUINE PARTS CO 9,102 13,428
    GLAXOSMITHKLINE PLC 0 0
    HCP INC 0 0
    HEALTH CARE REIT INC 17,355 19,372
    HERSHEY COMPANY 14,781 16,421
    INTEL CORP 0 0
    JOHNSON & JOHNSON 22,058 28,234
    JP MORGAN CHASE & CO 17,865 18,399
    KIMBERLY-CLARK CORP 20,463 25,303
    KINDER MORGAN INC 5,376 5,923
    KRAFT FOODS GROUP INC 19,183 23,435
    LOCKHEED MARTIN CORP 16,954 26,382
    LYONDELLBASELL INDUSTRIES 14,404 14,211
    MARSH & MCLENNAN CO 7,746 8,586
    MATTEL INC 0 0
    MAXIM INTEGRATED PRODS INC 11,231 10,740
    MCDONALDS CORP 19,730 18,927
    MERCK & CO INC 15,965 19,309
    MFB NORTHERN FDS STK INDEX 1,699,425 2,190,792
    MFB NORTHERN INTL EQUITY INDEX 1,401,332 1,404,003
    MFB NORTHERN MID CAP INDEX 383,766 466,945
    MFC VANGUARD FTSE EMERGING MKTS 670,326 632,716
    MFO DFA INVT DIMENSIONS GROUP INC EMERGING MKTS 664,838 631,017
    MFO DFA SMALL CAP PORTFOLIO 352,524 447,648
    MICROSOFT CORP 15,561 23,086
    NEXTERA ENERGY INC 17,378 20,833
    NORTHERN TRUST PRIVATE EQUITY FUND V 181,790 176,858
    NOVARTIS AG 15,334 19,922
    ONEOK INC 5,507 6,921
    PAYCHEX INC 15,772 17,914
    PEPSICO INC 14,705 15,413
    PHILIP MORRIS INTL 18,318 16,127
    PNC FINANCIAL SERVICES GROUP 12,523 12,955
    PROCTOR & GAMBLE 16,587 19,493
    QUALCOMM INC 15,345 17,839
    REALTY INCOME CORP 0 0
    SPECTRA ENERGY CORP 17,765 19,130
    TUPPERWARE BRANDS CORPORATION 0 0
    US BANCORP 18,027 22,925
    VENTAS INC 16,654 17,136
    WILLIAMS COMPANY 11,183 14,291
    WISCONSIN ENERGY 14,272 17,773

    TY 2014 InvestmentsOtherSchedule2
    Name:
    ARKES FAMILY FOUNDATION
    EIN: 46-1536842
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MFC FLEX SHARES TR MORNINGSTAR GLOBAL AT COST 414,992 366,307
    MFO DFA INVT DIMENSIONS GROUP INC INTL REAL ESTATE AT COST 285,957 285,899
    MFO DFA INVT DIMENSIONS GROUP INC REAL ESTATE AT COST 283,426 341,798
    MFO PIMCO FDS PAC INVT MGMT SER COMMODITY REAL RETURN AT COST 135,546 99,636

    TY 2014 OtherExpensesSchedule
    Name:
    ARKES FAMILY FOUNDATION
    EIN: 46-1536842
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NORTHERN TRUST FEES 47,428 47,428   0
    IL CHARITY BUREAU 15 0   15
    IL SECRETARY OF STATE 10 0   10
    OTHER EXPENSES 908 0   0


    TY 2014 OtherIncomeSchedule2
    Name:
    ARKES FAMILY FOUNDATION
    EIN: 46-1536842
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NORTHERN TRUST 2,637 2,637 2,637


    TY 2014 TaxesSchedule
    Name:
    ARKES FAMILY FOUNDATION
    EIN: 46-1536842
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 4,498 0   0