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
CALLAGHAN FAMILY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)1916 SPRUCE DRIVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARMEL, IN46033
A Employer identification number

46-4371904
B Telephone number (see instructions)

(317) 844-7153
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$495,747J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 22,190 22,190  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 16,451
b Gross sales price for all assets on line 6a 613,059
7 Capital gain net income (from Part IV, line 2)... 16,451
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 38,641 38,641  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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 4,700     4,700
c Other professional fees (attach schedule).... Click to see attachment 5,081 5,081    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,175 2,175    
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 62     62
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,018 7,256   4,762
25 Contributions, gifts, grants paid........ 29,900 29,900
26 Total expenses and disbursements. Add lines 24 and 25 41,918 7,256   34,662
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,277
b Net investment income (if negative, enter -0-) 31,385
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..........   17,529 17,529
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)........ 503,977 Click to see attachment453,625 448,752
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........   Click to see attachment29,814 29,466
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) 503,977 500,968 495,747
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
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 503,977 500,968
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
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)...... 503,977 500,968
31 Total liabilities and net assets/fund balances (see instructions).. 503,977 500,968
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)............... 1 503,977
2 Enter amount from Part I, line 27a..................... 2 -3,277
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 268
4 Add lines 1, 2, and 3.......................... 4 500,968
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 500,968
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 PUBLICLY TRADED SECURITIES P    
b
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 612,864   596,608 16,256
b
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       16,256
b
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 16,451
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 16,256
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   20,725  
2012      
2011      
2010      
2009      
2 Total of line 1, column (d) ...................... 2  
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  
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 518,974
5 Multiply line 4 by line 3....................... 5  
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 314
7 Add lines 5 and 6......................... 7 314
8 Enter qualifying distributions from Part XII, line 4.............. 8 34,662
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 1 314
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  
3 Add lines 1 and 2........................... 3 314
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 314
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 400
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 400
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 86
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11 86
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
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
 
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIN
    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 ofbulletSHEILA CALLAGHAN Telephone no.bullet (317) 844-7153
    Located atbullet1916 SPRUCE DRIVECARMELIN ZIP+4bullet46033
    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
     
     
    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
    JOHN T CALLAGHAN PRESIDENT
    1.00     		0 0 0
    1916 SPRUCE DR
    CARMEL,IN46033
    SHEILA A CALLAGHAN VICE PRESIDE
    1.00     		0 0 0
    1916 SPRUCE DR
    CARMEL,IN46033
    J VICTORIA CASTOR LEGAL COUNSE
    1.00     		0 0 0
    15131 CHAMPION CIRCLE
    CARMEL,IN46033
    DEBORAH L CALLAGHAN-SHEA SECRETARY
    1.00     		0 0 0
    4006 BIG HORN BEND
    SAN ANTONIO,TX78253
    JEAN M CALLAGHAN-HOSKINS TREASURER
    1.00     		0 0 0
    18 HOP LEAF TRAIL
    SAN ANTONIO,TX78256
    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  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    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
    508,132
    b
    Average of monthly cash balances.......................
    1b
    18,745
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    526,877
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    526,877
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    7,903
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    518,974
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    25,949
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    25,949
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    314
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    314
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    25,635
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    25,635
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    25,635
    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
    34,662
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    34,662
    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
    314
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    34,348
    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 25,635
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 26
    b Total for prior years:20, 20, 20  
    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.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 34,662
    a Applied to 2013, but not more than line 2a 26
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 25,635
    e Remaining amount distributed out of corpus 9,001
    5 Excess distributions carryover applied to 2014.    
    (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 9,001
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		9,001
    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.... 9,001
    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).)
    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
    BELLARMINE UNIVERSITY
    2001 NEWBURG RD
    LOUISVILLE,KY40205     		NONE PC EDUCATION 600
    BRESCIA COLLEGE
    717 FREDERICA ST
    OWENSBORO,KY423013023     		NONE PC EDUCATION 350
    CATHEDRAL HIGH SCHOOL
    5225 E 56TH ST
    INDIANAPOLIS,IN46226     		NONE PC EDUCATION 200
    CATHOLIC RELIEF SERVICES
    228 W LEXINGTON ST
    BALTIMORE,MD212013443     		NONE PC HUMANITARIAN AID 2,500
    COMBINED FEDERAL CAMPAIGN
    PO BOX 625
    INDIANAPOLIS,IN462060625     		NONE PC VARIOUS CHARITIES 1,000
    FOOD FOR THE POOR
    6401 LYONS RD
    COCONUT CREEK,FL33073     		NONE PC HUMANITARIAN AID 2,500
    GONZAGA COLLEGE HIGH SCHOOL
    19 EYE ST
    WASHINGTON,DC20001     		NONE PC SCHOLARSHIPS 300
    HOLY FAMILY SHELTER
    907 N HOLMES AVE
    INDIANAPOLIS,IN462223714     		NONE PC HOUSING & TRANSITIONAL SERVICES 250
    HOPE FOR THE FUTURE
    2718 W WOODLAWN AVE
    SAN ANTONIO,TX78228     		NONE PC SCHOLARSHIPS 2,500
    LITTLE SISTERS OF THE POOR
    ST AUGUSTINE'S HOME
    2345 W 86TH ST
    INDIANAPOLIS,IN46262     		NONE PC HOME FOR THE ELDERLY 2,500
    OWENSBORO CATHOLIC HIGH SCHOOL
    1524 W PARRISH AVE
    OWENSBORO,KY423013595     		NONE PC EDUCATION 100
    RILEY CHILDREN'S FOUNDATION
    30 S MERIDIAN ST STE 200
    INDIANAPOLIS,IN462043509     		NONE PC PEDIATRIC RESEARCH AND MEDICAL CARE 2,500
    SOCIETY OF ST VINCENT DE PAUL
    PO BOX 831074
    SAN ANTONIO,TX78283     		NONE PC AID FOR THE NEEDY 2,500
    ST ELIZABETH ANN SETON PARISH
    10655 HAVERSTICK RD
    CARMEL,IN46033     		NONE PC BUILDING AND MAINTENANCE FUND 2,000
    ST ELIZABETH COLEMAN
    2500 CHURCHMAN AVE
    INDIANAPOLIS,IN46203     		NONE PC PREGNANCY AND ADOPTION SERVICES 2,500
    ST FRANCIS OF ASSISI SCHOOL
    PO BOX 4060
    GALLUP,NM87305     		NONE PC EDUCATION 2,500
    ST MARY'S CHILD CENTER
    901 DR MARTIN LUTHER KING
    INDIANAPOLIS,IN46202     		NONE PC PRESCHOOL AND EDUCATION OUTREACH 2,500
    UNITED WAY OF CENTRAL INDIANA
    3901 N MERIDIAN ST
    PO BOX 88409
    INDIANAPOLIS,IN462080409     		NONE PC VARIOUS CHARITIES 2,500
    UNIVERSITY OF DAYTON
    300 COLLEGE PARK
    DAYTON,OH45469     		NONE PC SCHOLARSHIPS 100
    Total .................................bullet 3a 29,900
    bApproved for future payment
    Total .................................bullet 3b  
    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 22,190  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 16,451  
    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)..   38,641  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1338,641
    (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:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN: 46-4371904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/TAX RETURN PREPARATIO 4,700     4,700

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN: 46-4371904
    Name of Stock End of Year Book Value End of Year Fair Market Value
    69 SH ABB LTD-SPONS ADR 1,792 1,459
    76 SH ABBOTT LABORATORIES    
    133 SH ABBVIE INC    
    77 SH ABBVIE INC 4,106 5,039
    76.424 SH ALLEGION PLC    
    29 SH AMERICAN EXPRESS COMPANY    
    157 SH AMERICAN WATER WORKS CO INC 7,208 8,368
    119 SH ARES CAPITAL CORP 2,057 1,857
    16 SH ASTRAZENECA PLC 1,097 1,126
    105 SH AT&T INC 3,623 3,527
    23 SH AUTOMATIC DATA PROCESSING    
    105 SH AXA-ADR    
    85 SH BAE SYSTEMS PLACE 2,317 2,478
    56 SH BANK MONTREAL QUEBEC 3,841 3,961
    150 SH BASF SE SPONSORED ADR    
    51 SH BAXTER INTERNATIONAL 3,699 3,738
    17 SH BAYER AG SPONS ADR 2,211 2,326
    109 SH BCE INC 4,791 4,999
    355 SH BHP BILLITON LTD SPON ADR    
    50 SH BHP BILLITON LTD 3,409 2,366
    122 SH BNP PARIBAS ADR 4,674 3,584
    27 SH BOC HONG KONG HOLDINGS 1,581 1,809
    43 SH BRITISH AMERN TOB PLC SPON ADR 4,953 4,636
    157 SH BROOKFIELD ASSET MANGMNT    
    420 SH CANADIAN NATL RY CO    
    130 SH CANADIAN NATURAL RESOURCS LTD    
    94 SH CANADIAN OIL SANDS LTD 1,959 842
    185 SH CANADIAN PACIFIC RAILWAY LTD    
    16 SH CATERPILLAR INC    
    108 SH CHEVRON CORPORATION    
    167 SH CISCO SYSTEMS INC 3,843 4,645
    68 SH CME GROUP INC 4,805 6,028
    13 SH CNOOC LTD-ADR 2,615 1,761
    166 SH CONOCOPHILLIPS    
    110 SH CORE LABORATORIES INC    
    92 SH COVANTA HOLDING CORP 1,920 2,025
    48 SH DEUTSCHE POST AG SPON ADR 1,764 1,558
    292 SH DEUTSCHE TELEKOM AD SPON ADR 4,609 4,640
    80 SH DIGITAL REALTY TRUST INC 4,269 5,304
    88 SH DISNEY WALT COMPANY    
    54 SH EATON CORP 4,139 3,670
    52 ENSCO PLC CLASS A 2,674 1,557
    169 SH EXXON MOBIL CORP    
    110 SH FLOWSERVE CORP    
    147 GDF SUEZ SPON ADR 3,905 3,425
    410 SH GENERAL ELECTRIC COMPANY    
    282 GENERAL ELECTRIC COMPANY 7,865 7,126
    184 SH GLAXOSMITHKLINE PLC-ADR 10,247 7,864
    44 SH GOLAR LNG LTD 1,926 1,605
    125 SH HCP INC 5,190 5,504
    144 SH HOSPITALITY PROPERTIES REIT T 4,223 4,464
    191 SH HOST HOTELS & RESORTS 4,013 4,540
    78 SH HSBC HOLDINGS PLC-SPON ADR 3,966 3,684
    56 SH IMPERIAL TOB GROUP PLC SPON AD 4,868 4,900
    8 SH INDIVIOR PLC UNSPON ADR 84 90
    230 SH INGERSOLL-RAND PLC    
    84 SH INTEL CORP 2,203 3,048
    7 SH INTUITIVE SURGICAL INC COM NEW    
    93 SH JAPAN TOBACCO INC ADR UNSPON 1,553 1,277
    70 SH JPMORGAN CHASE & CO    
    62 SH JOHNSON & JOHNSON 6,189 6,483
    245 SH KINDER MORGAN INC DEL 8,215 10,366
    79 SH KIRIN HOLDINGS CO LTD SPON ADR 1,073 980
    122 SH LAMAR ADVERTISING CO NEW CL A 6,231 6,544
    145 SH LAUDER ESTEE COS INC    
    29 SH LUKOIL OIL CO SPONS ADR RUSSIA 1,537 1,112
    80 SH LYONDELLBASELL INDUSTRIES AF S 6,614 6,351
    171 SH MANULIFE FINL CORP 3,148 3,264
    98 SH MAXIM INTEGRATED PRODS INC 3,108 3,123
    30 SH MCDONALDS CORP    
    120 SH MERCK & CO INC NEW 6,875 6,815
    101 SH MICROCHIP TECHNOLOGY INC 4,766 4,556
    125 SH MICROSOFT CORP 5,004 5,806
    143 SH MTN GROUP LTD-SPONS ADR 2,837 2,698
    169 SH MUENCHENER RUECKVERSICKERUNGS 3,870 3,353
    1785 SH NESTLE S A REG CHF1    
    299 SH NESTLE S A REG ADR    
    72 SH NESTLE S A REG ADR 5,314 5,252
    48 SH NEWS CORP NEW CL A    
    138 SH NIPPON TELEGRAPH & TELEPHONE 3,708 3,534
    121 SH NISOURCE INC 4,352 5,133
    309 SH NORTH ATLANTIC DRILLING LTD 3,150 504
    91 SH NOVARTIS AG SPON ADR 7,693 8,432
    60 SH NOVO NORDISK A S ADR    
    102 SH OCCIDENTAL PETE CORP    
    57 SH OMEGA HEALTHCARE REIT INVESTOR 2,021 2,227
    173 SH ONEOK INC NEW 9,979 8,614
    469 SH ORKLA ASA SPON ADR A 3,903 3,142
    61 SH PEMBINA PIPELINE CORP 2,316 2,221
    188 SH PEOPLE'S UNITED FINANCIAL 2,706 2,854
    38 SH PERUSAHAAN PERSEROAN PERSERO P 1,551 1,719
    117 SH PFIZER INCORPORATED 3,595 3,645
    41 SH PHILLIPS 66    
    47 SH PRAXAIR INC    
    5 SH QUALCOMM INC    
    211 SH RECKITT BENCKISER PLC SPON 3,460 3,496
    78SH REXAM PLC SPON ADR 3,187 2,718
    63 SH RIOCAN REAL ESTATE INVT TR UN 1,551 1,435
    107 SH ROCHE HOLDINGS LTD ADR 3,866 3,637
    39 SH ROYAL DUTCH SHELL PLC 3,143 2,713
    74 SH SANOFI ADR 3,911 3,375
    280 SH SCHLUMBERGER LTD    
    70 SH SEAGATE TECHNOLOGY PLC 3,705 4,655
    82 SH SENIOR HOUSING PROP TR REIT 1,913 1,813
    24 SH SIEMENS A G -ADR 3,183 2,688
    143 SH SINGAPORE TELECOMMUNICATIONS 4,272 4,213
    72 SH SMITHS GROUP PLC SPON ADR 1,559 1,212
    228 SH SPECTRA ENERGY CORP 8,690 8,276
    153 SH SSE PLC SPONSORED ADR 3,986 3,865
    135 SH STATOIL ASAA 3,979 2,377
    30 SH TARGET CORP    
    480 SH TENARIS S A SPONSORED ADR    
    243 SH TEXAS INSTRUMENTS INC    
    5 SH TIME WARNER CABLE    
    58 SH TOTAL S.A. SPONS ADR 3,970 2,970
    193 SH TWENTY-FIRST CENTY CL A    
    102 SH UNILEVER N V 4,266 3,982
    88 SH UNITED OVERSEAS BK LTD 3,089 3,253
    26 SH UNITED TECHNOLOGIES CORP    
    64 SH VENTAS INC 4,099 4,589
    50 SH VERIZON COMMUNICATIONS 2,297 2,339
    164 SH VODAFONE GROUP PLC NEW SPON 6,137 5,604
    172 SH WEYERHAEUSER CO 5,962 6,173
    200 SH WILLIAMS COMPANIES 8,249 8,988
    30 SH YARA INTERNATIONAL ASA    
    163 SH ZURICH INSURANCE GROUP ADR 4,663 5,086
    38 AEB AEGON N.V. FLOATING RAT 849 892
    102 AEH AEGON N.V. 6.375% PFD NON-CU 2,629 2,601
    48 AEK AEGON N.V. 8% PFD 25 PAR 1,372 1,350
    11 MGR AFFILIATED MGRS 6.375% PFD 276 294
    14 AFSD AFLAC INC 5.5% PFD SUB DEB 335 344
    13 ARE'E ALEXANDRIA REAL 6.45% PFD 320 337
    29 ALL'E ALLSTATE 6.625% PFD PERP PR 746 764
    13 ALL'C ALLSTATE CORP 6.75% PFD C 337 350
    8 ALL'B ALLSTATE 5.1% PFD FIX TO FL 201 203
    8 AFA AMERICAN FIN AGP 5.75% PFD 195 204
    18 AFGE AMERICAN FINANCIAL PFD 6.25% 441 452
    18 AFW AMERICAN FINL 6.375% PFD SR 461 478
    38 ARH'C ARCH CAP GRP 6.75% PFD PERP 973 1,025
    39 AXS'C AXIS CAP HLDG 6.875% PFD C 996 1,042
    17 AXS'D AXIS CAPITAL 5.5% PFD CALLB 359 396
    45 BAC'D BANK AMERICA CORP 6.204% D 1,122 1,130
    102 BK'C BANK NEW YORK 5.2% PFD MELL 2,358 2,367
    75 BAC'W BANK OF AMER 6.625% PFD 1,889 1,918
    32 BAC'I BANK OF AMERICA PFD SUP-RG 818 840
    23 BML'I BANK OF AMERICA PFD 6.375% 576 582
    52 BCS' BARCLAYS BK PLC 6.625% NONC 1,321 1,327
    15 BBT'F BB&T CORP 5.2% DEP PFD 337 341
    55 BBT'G BB&T CORP SER G 5.2% PFD 1,174 1,263
    76 BBT'E BB&T CORP 5.625% PFD E NON 1,747 1,838
    28 BBT'D BB&T CORP 5.85% PFD PERP PR 672 701
    28 COF'C CAPITAL ONE FIN PFD 6.25% C 683 687
    33 COF'D CAPITAL ONE FIN 6.7% PFD 840 855
    105 COF'P CAPITAL ONE FINL 6% PFD 2,484 2,562
    40 SCHW'B CHARLES SCHWAB 6% PFD 1,012 1,024
    25 C'N CITIGROUP CAP TR XIII 7.875% 679 665
    23 C'K CITIGROUP INC VAR PFD SER K 616 611
    50 C'C CITIGROUP INC 5.8% PFD SER C 1,163 1,220
    15 C'L CITIGROUP INC 8.875% SER L 391 393
    26 C'J CITIGROUP VAR FIX-FLOAT 700 705
    9 CCV COMCAST CORP 5% PFD 25 PAR 221 228
    97 DXB DB CONT CAP TR 6.55% 2,539 2,545
    12 DUA DEUTSCHE BANK 6.375% CAP VII 303 307
    14 DLR'G DIGITAL REALTY 5.875% SER G 299 322
    13 DLR'F DIGITAL REALTY 6.625% SER F 312 332
    12 DLR'E DIGITAL REALTY 7% E 299 306
    14 DLR'H DIGITAL RLTY TR 7.375% H 351 373
    8 DTQ DTE ENERGY CO 5.25% PRD JR C 187 197
    12 DTZ DTE ENERGY 6.5% JR SUB 307 313
    25 DUKH DUKE ENERGY 5.125% PFDJR SUB 590 624
    9 EAA ENTERGY ARKANSAS 5.575% PFD 228 229
    11 ELB ENTERGY LOUISIANA 6% PFD 279 278
    7 ELA ENTERGY LOUISIANA 5.875% 176 178
    14 EMZ ENTERGY MISS 6% PFD FIRST MTG 356 363
    63 GEB GE CAP CORP 4.875% PFD SR NT 1,496 1,560
    64 GEK GE CAP CORP 4.7% PFD SR NOTES 1,444 1,512
    40 GEH GE CAP CORP 4.875% SR 950 992
    54 GS'J GOLDMAN SACHS VAR PFD J 1,289 1,318
    43 GS'K GOLDMAN SACHS VAR PFD 1,098 1,114
    84 GSF GOLDMAN SACHS 6.125% PFD SR 2,144 2,172
    86 GSJ GOLDMAN SACHS 6.5% PFD GRP SR 2,261 2,299
    19 HGH HARTFORD FINL 7.875% PFD SVCS 559 569
    19 HCN'J HEALTH CARE REIT 6.5% PFD J 480 507
    28 HPT'D HOSPITALITY 7.125% PRPTY TR 721 732
    22 HSEB HSBC HOLDINGS 8% PFD 593 585
    53 ISF ING GROEP NV 6.375% PFD PRPTL 1,339 1,354
    38 ISG ING GROEP NV 6.125% PERP DENT 951 960
    26 ISP ING GROEP 6.2% CUM PERP DEBT 654 656
    109 IEH INTEGRYS ENERGY 6% PFD JR 2,760 2,910
    30 JPM'E JPMORGAN CHASE & CO PF 6.3% 750 767
    104 JPM'D JPMORGAN CHASE 5.5% PFD O 2,357 2,501
    66 JPM'A JPMORGAN CHASE 5.45% P 1,490 1,564
    39 JPM'B JPMORGAN 6.7% PFD 1,000 1,030
    8 KIM'J KIMCO REALTY 5.5% CLASS J 173 194
    14 KIM'K KIMCO REALTY 5.625% SER K 309 338
    28 KIM'H KIMCO REALTY 6.9% SER H 711 719
    38 KIM'I KIMCO REALTY 6% SER I 894 954
    98 LYG'A LLOYDS BKG GRP PLC 7.75% 2,630 2,526
    36 MER'K MERRILL LYNCH 6.45% CAP TR 914 912
    54 MER'M MERRILL L 6.45% PF CP TR II 1,371 1,366
    22 MS'A MORGAN STANLEY PFD SER A 450 439
    54 MS'E MORGAN STANLEY VAR PFD SER E 1,476 1,488
    34 MS'F MORGAN STANLEY VAR PFD SER F 897 904
    24 MWO MORGAN STANLEY 5.75% CAP TR V 601 602
    15 MWR MORGAN STAN 6.25% TR CAP III 380 382
    38 MS'G MORGAN STAN 6.25% PFD NONCUM 967 969
    33 NNN'D NATIONAL RETAIL 6.625% D 819 840
    13 NEE'G NEXTERA ENERGY 5.7% PFD JR 312 320
    13 NEE'H NEXTERA ENERGY 5.625% SER H 307 320
    19 NEE'J NEXTERA ENERGY 5% JR SUB J 396 424
    34 NEE'I NEXTERA ENERGY 5.125% I 740 773
    9 PRE'D PARTNER RE 6.5% SER D 226 229
    30 PRE'F PARTNERRE LTD 5.875% 699 741
    18 PRE'E PARTNERRE LTD 7.25% 479 480
    146 PNC'P PNC FINANCIAL VAR PFD 3,887 4,053
    14 PPX PPL CAPITAL FDG 5.9% SER B 331 349
    17 PL'C PROTECTIVE LIFE 6.25% 425 436
    14 PRH PRUDENTIAL FIN 5.7% 340 350
    22 PJH PRUDENTIAL 5.75% 536 551
    9 PSB'V PS BUS PARKS 5.7% SER V 203 211
    14 PSB'U PS BUS PARKS 5.75% SER U 315 333
    38 PSB'T BUS PARKS 6% PFD SER T 891 939
    24 PSB'S PS BUSINESS PK 6.45% SER S 604 613
    43 PSA'T PUBLIC STORAGE 5.75% PFD T 1,022 1,063
    41 PSA'S PUBLIC STORAGE 5.9% PFD 1,005 1,036
    13 PSA'V PUBLIC STORAGE 5.375% PFD 287 305
    20 PSA'W PUBLIC STORAGE 5.2% PFD W 436 459
    14 PSA'X PUBLIC STORAGE 5.2% SER X 302 324
    13 PSA'U PUBLIC STORAGE 5.625% SER U 301 319
    15 PSA'A PUBLIC STORAGE 5.875% SER A 369 374
    9 PSA'Y PUBLIC STORAGE 6.375% SER Y 229 236
    17 PSA'Q PUBLIC STORAGE 6.5% SER Q 434 448
    26 PSA'R PUBLIC STORAGE 6.35% SER R 657 676
    18 PSA'Z PUBLIC STORAGE 6% PFD 444 455
    39 CTQ QWEST CORP 7.375% PFD SR UNSE 1,025 1,045
    33 CTW QWEST CORP 7.5% PFD SR UNSEC 874 888
    12 CTU QWEST CORP 7% PFD SR UNSEC 306 311
    26 CTX QWEST COSR 7% PFD SR UNSEC 669 678
    15 RJD RAYMOND JAMES FINCL PFD 6.9% 395 409
    37 O'F REALTY INCOME 6.625% PFD F 935 970
    17 REG'F REGENCY CENTERS PFD 6.625% 428 430
    8 REG'G REGENCY CENTERS 6% PFD SER 7 185 198
    34 RF'B REGIONS FINL VAR PFD SER B 850 862
    5 RNR'C RENAISSANCE RE 6.08% HLD 123 128
    30 RNR'E RENAISSANCE RE 5.375% SER E 635 683
    125 RBS'L ROYAL BK SCOTLAND 5.75% L 2,758 2,942
    25 RBS'S ROYAL BK SCOTLAND 6.6% NON 590 621
    24 RBS'M ROYAL BK SCOTLAND 6.4% 552 592
    28 SNHN SENIOR HOUSING 5.625% PPTYS 619 675
    40 SWJ STANLEY BLCK&DCKR 5.75% 986 1,010
    46 STT'E STATE STREET CORP 6% PFD 1,162 1,161
    33 STT'D STATE STREET CRP VAR PFD D 858 853
    48 STT'C STATE STREET CRP 5.25% PFD 1,133 1,101
    28 TCB'B TCF FINANCIAL CRP 7.5% PF A 722 734
    6 TDJ TELEPHONE DATA SYS 7% SR UNSEC 151 148
    6 TDE TELEPHONE DATA 6.875% SR UNSEC 148 149
    8 TMK' TORCHMARK 5.875% PFD JR SUB D 196 200
    63 UBS'D UBS PREF FUNDING TR IV 1,132 1,158
    44 USB'M US BANCORP PFD 1,255 1,296
    18 USB'N US BANCORP PFD SER G 497 488
    14 VTRB VENTAS REALTY SP 5.45% PFD 337 346
    28 VZA VERIZON COMMUNICATIONS 5.9% 707 733
    18 VNO'L VORNADO REALTY 5.4% SER L 400 414
    19 VNO'K VORNADO REALTY 5.7% SER K 438 457
    11 VNO'J VORNADE REALTY 6.875% SER J 284 291
    9 WRI'F WEINGARTEN RLTY 6.5% SER F 222 228
    20 WFC'J WELLS FARGO & CO 8% SER J 587 583
    79 WFC'Q WELLS FARGO VAR PFD 1,986 2,026
    54 WFC'R WELLS FARGO VAR PFD 1,480 1,498
    22 WRB'B WR BERKLEY CORP 5.625% PFD 485 523

    TY 2014 InvestmentsOtherSchedule2
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN: 46-4371904
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    2956.466 SH PRINCIPAL FDS-CAP SECUR AT COST 29,814 29,466

    TY 2014 OtherExpensesSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN: 46-4371904
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    EMAIL FEES 62     62


    TY 2014 OtherIncreasesSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN: 46-4371904
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN: 46-4371904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 5,081 5,081    


    TY 2014 TaxesSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN: 46-4371904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX & FEES PAID 429 429    
    FOREIGN TAX & FEES PAID 1,746 1,746