TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2014

Open to Public Inspection

For calendar year 2014, or tax year beginning 2014, and ending , 20

Name of foundation
FREDERICK AND ELLEN FAIR MEMORIAL FUND

Number and street (or P.O. box number if mail is not delivered to street address)PNC BANK NA 620 LIBERTY AVENUE 10 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA152222705

A Employer identification number

25-6082935

B Telephone number (see instructions)

(412) 762-5188

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$7,363,931J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	169,622		169,624
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		463,234
b	Gross sales price for all assets on line 6a 3,496,745
7	Capital gain net income (from Part IV, line 2)...			463,234
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		4,536	247
12	Total. Add lines 1 through 11........	637,392		633,105
13	Compensation of officers, directors, trustees, etc.	65,049		52,039		13,010
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		3,108	0	0	3,108
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		9,737	186		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		25,758	40		21,222
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	103,652		52,265	0	37,340
25	Contributions, gifts, grants paid........	128,199				128,199
26	Total expenses and disbursements. Add lines 24 and 25	231,851		52,265	0	165,539
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	405,541
b	Net investment income (if negative, enter -0-)			580,840
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	132,472	292,453	292,453
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	149,784	149,784	163,082
	b	Investments—corporate stock (attach schedule)........	1,400,615	1,413,379	2,022,986
	c	Investments—corporate bonds (attach schedule)........	755,418	250,309	265,074
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	3,251,345	3,926,809	4,620,336
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,689,634	6,032,734	7,363,931
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	5,641,544	5,977,943
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	48,090	54,791
	30	Total net assets or fund balances (see instructions)......	5,689,634	6,032,734
	31	Total liabilities and net assets/fund balances (see instructions)..	5,689,634	6,032,734

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	5,689,634
2	Enter amount from Part I, line 27a.....................	2	405,541
3	Other increases not included in line 2 (itemize)	3	926
4	Add lines 1, 2, and 3..........................	4	6,096,101
5	Decreases not included in line 2 (itemize)	5	63,367
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	6,032,734

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	300. BAXTER INTERNATIONAL INC		2013-08-12	2014-01-06
b	1820. FORD MTR CO DEL COM PAR $0.01		2013-07-23	2014-01-06
c	1. LOCKHEED MARTIN CORP		2001-01-01	2014-01-08
d	1. WORLDCOM INC COM		2001-01-01	2014-01-14
e	460. BEST BUY INC		2013-09-20	2014-01-21
	400. EBAY INC		2011-02-18	2014-01-29
	610. CITIGROUP INC		2010-05-28	2014-02-11
	360. OMNICARE INC		2013-12-13	2014-02-21
	90. JAZZ PHARMACEUTICALS PLC SEDOL B4Q5ZN4		2013-08-30	2014-02-21
	150. NU SKIN ENTERPRISES INC		2013-12-20	2014-03-07
	190. PROCTER & GAMBLE CO		2012-11-15	2014-03-07
	120. CELGENE CORP		2013-08-30	2014-03-13
	180. PVH CORP		2012-10-18	2014-03-13
	170. PPG INDS INC COM		2013-10-30	2014-03-20
	120. CANADIAN PACIFIC RAILWAY LTD SEDOL 2793115		2013-11-08	2014-03-21
	310. CHUBB CORP COM		2009-08-06	2014-03-21
	1. WACHOVIA CORP		2001-01-01	2014-03-24
	440. HALLIBURTON CO		2013-05-02	2014-04-02
	300. NIKE INC CL B		2013-03-14	2014-04-08
	140. GOLDMAN SACHS GROUP INC COM		2013-01-25	2014-04-11
	1300. FIFTH THIRD BANCORP		2012-07-27	2014-05-02
	350. HERSHEY FOODS CORP COM		2010-05-28	2014-05-07
	80. ALLERGAN INC		2010-05-28	2014-05-14
	110. JAZZ PHARMACEUTICALS PLC SEDOL B4Q5ZN4		2013-08-30	2014-05-14
	640. COCACOLA CO		2010-08-17	2014-05-19
	220. CHEVRON CORPORATION		2010-07-20	2014-05-23
	300. METHANEX CORP SEDOL 2654416		2013-11-19	2014-06-04
	70. AETNA INC NEW		2013-05-31	2014-06-09
	10. ALLERGAN INC		2010-05-28	2014-06-09
	100. ALTRIA GROUP INC		2013-05-14	2014-06-09
	50. AMERICAN EXPRESS CO		2009-11-18	2014-06-09
	30. AMGEN INC		2014-01-21	2014-06-09
	20. APPLE INC		2013-11-27	2014-06-09
	290. B/E AEROSPACE INC		2013-05-02	2014-06-09
	30. BECTON DICKINSON & CO		2013-03-14	2014-06-09
	30. BOEING CO		2012-07-31	2014-06-09
	60. CBS CORP CLASS B WI		2013-05-16	2014-06-09
	70. CVS CAREMARK CORP		2013-02-22	2014-06-09
	70. COCA COLA ENTERPRISES		2014-03-07	2014-06-09
	90. COMCAST CORPORATION CL A		2011-10-13	2014-06-09
	50. CONOCOPHILLIPS		2014-05-23	2014-06-09
	40. CONSTELLATION BRANDS INC CL A		2014-05-19	2014-06-09
	140. DELTA AIR LINES INC		2013-07-30	2014-06-09
	70. DISNEY WALT CO		2014-02-21	2014-06-09
	60. DISCOVER FINANCIAL W/I		2012-07-27	2014-06-09
	40. EOG RES INC		2014-04-02	2014-06-09
	30. EXXON MOBIL CORP		1988-05-03	2014-06-09
	50. FOOT LOCKER INC		2014-04-08	2014-06-09
	70. FRANKLIN RES INC COM		2013-02-06	2014-06-09
	290. GENERAL ELEC CO COM		2012-09-24	2014-06-09
	350000. GENERAL ELEC CAP CORP SR UNSEC		2009-04-29	2014-06-09
	40. GILEAD SCIENCES INC COM		2014-05-14	2014-06-09
	30. GOOGLE INC-CL C		2010-05-28	2014-06-09
	10. GOOGLE INC-CL C		2013-10-22	2014-06-09
	30. HANESBRANDS INC - W/I		2014-03-13	2014-06-09
	40. HELMERICH & PAYNE INC COM		2013-02-26	2014-06-09
	40. HOME DEPOT INC COM		2012-01-10	2014-06-09
	275. ISHARES TR MSCI EAFE IDX		2013-08-12	2014-06-09
	4000. ISHARES TR MSCI EAFE IDX		2009-04-28	2014-06-09
	80. J P MORGAN CHASE & CO COM		2010-05-28	2014-06-09
	70. JOHNSON & JOHNSON COM		1992-04-20	2014-06-09
	90. KROGER CO		2014-05-07	2014-06-09
	40. LAS VEGAS SANDS CORP		2013-10-23	2014-06-09
	60. LINCOLN NATIONAL CORP		2013-12-20	2014-06-09
	20. LOCKHEED MARTIN CORP		2013-11-25	2014-06-09
	40. MAGNA INTERNATIONAL ISIN CA5592224011		2013-12-31	2014-06-09
	30. MANPOWER GROUP INC		2013-12-20	2014-06-09
	20. MCKESSON HBOC INC COMMN		2013-12-20	2014-06-09
	110. MICROSOFT CORP		2014-04-02	2014-06-09
	130. ORACLE CORP		2013-11-27	2014-06-09
	30. PACKAGING CORP OF AMERICA COM		2014-03-20	2014-06-09
	3484.321 PIMCO COMMODITY REALRETURN STRATEGY FUND		2013-08-12	2014-06-09
	15596.664 PIMCO COMMODITY REALRETURN STRATEGY FUND		2011-09-20	2014-06-09
	30. POLARIS INDS INC		2012-05-03	2014-06-09
	50. PROCTER & GAMBLE CO		1988-05-03	2014-06-09
	50. QUALCOMM		2011-01-19	2014-06-09
	70. QUANTA SVCS INC		2014-03-21	2014-06-09
	260. REGIONS FINANCIAL CORP		2013-07-02	2014-06-09
	40. ST JUDE MEDICAL INC		2014-02-21	2014-06-09
	50. SCHLUMBERGER LTD COM		2014-04-02	2014-06-09
	30. SHIRE PLC SPONSORED ADR		2013-08-21	2014-06-09
	80. SKYWORKS SOLUTIONS INC COM		2014-03-21	2014-06-09
	60. SUNCOR ENERGY INC ISIN CA8672241079 SEDOL B3NB1P2		2014-05-23	2014-06-09
	60. SUNTRUST BANKS INC COM		2014-02-11	2014-06-09
	30. THE TRAVELERS COS INC		2014-05-02	2014-06-09
	10. UNION PAC CORP COM		2009-08-06	2014-06-09
	40. UNITED TECHNOLOGIES CORP COM		2009-08-06	2014-06-09
	1468.544 VAN ECK GLOBAL HARD ASSETS FUND CLASS I FD 408		2012-08-03	2014-06-09
	429.185 VAN ECK GLOBAL HARD ASSETS FUND CLASS I FD 408		2013-08-12	2014-06-09
	60. VERIZON COMMUNICATIONS COM		2013-05-16	2014-06-09
	20. VISA INC CLASS A SHARES		2013-02-11	2014-06-09
	150. WELLS FARGO & CO NEW COM		2010-05-28	2014-06-09
	110. WISCONSIN ENERGY CORP		2010-05-28	2014-06-09
	50. WYNDHAM WORLDWIDE CORP		2014-01-21	2014-06-09
	80. YAHOO! INC COM		2013-07-23	2014-06-09
	30. ZIMMER HOLDINGS INC		2014-03-13	2014-06-09
	90. INVESCO LTD ISIN BMG491BT1088 SEDOL B28XP76		2013-05-09	2014-06-09
	30. ACE LIMITED ISIN CH0044328745 SEDOL B3BQMF6		2014-04-11	2014-06-09
	50. TE CONNECTIVITY LTD SEDOL B62B7C3 ISIN CH0102993182		2014-01-29	2014-06-09
	60. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2013-11-27	2014-06-09
	2066.227 HARBOR FD INTL FD		2011-03-21	2014-06-13
	520. YAHOO! INC COM		2013-07-23	2014-07-01
	150000. SBC COMMUNICATIONS NTS		2007-02-26	2014-07-15
	40. SHIRE PLC SPONSORED ADR		2013-08-21	2014-07-15
	60. SHIRE PLC SPONSORED ADR		2010-05-28	2014-07-15
	130. SHIRE PLC SPONSORED ADR		2010-05-28	2014-07-21
	110. ALLERGAN INC		2010-05-28	2014-07-25
	380. FRANKLIN RES INC COM		2013-02-06	2014-08-06
	170. ZIMMER HOLDINGS INC		2014-03-13	2014-08-11
	220. LAS VEGAS SANDS CORP		2013-10-23	2014-08-15
	450. SUNCOR ENERGY INC ISIN CA8672241079 SEDOL B3NB1P2		2014-05-23	2014-08-15
	2999.581 DIAMOND HILL LONG-SHORT FUND CL I		2014-06-09	2014-08-21
	1872.659 DRIEHAUS ACTIVE INCOME FUND FUND 640		2014-06-13	2014-08-21
	1250. ASG GLOBAL ALTERNATIVES FUND CL Y		2014-06-09	2014-08-21
	1055. POWERSHARES DB AGRICULTURE FUND		2014-06-09	2014-08-21
	40. HELMERICH & PAYNE INC COM		2013-02-26	2014-09-05
	40. MICROSOFT CORP		2009-04-28	2014-09-05
	130. MICROSOFT CORP		2014-04-02	2014-09-05
	170. MICROSOFT CORP		2014-02-11	2014-09-05
	370. DELTA AIR LINES INC		2013-07-30	2014-09-12
	210. UNITED TECHNOLOGIES CORP COM		2009-08-06	2014-09-12
	430. SUNTRUST BANKS INC COM		2014-02-11	2014-09-15
	380. CROWN HOLDINGS INC		2014-06-09	2014-09-22
	330. CBS CORP CLASS B WI		2013-05-16	2014-09-26
	530. ORACLE CORP		2009-11-18	2014-10-01
	300. ORACLE CORP		2013-10-22	2014-10-01
	470. COCA COLA ENTERPRISES		2014-03-07	2014-10-15
	90. EOG RES INC		2013-07-30	2014-10-15
	10. EOG RES INC		2014-04-02	2014-10-15
	240. MANPOWER GROUP INC		2013-11-05	2014-10-15
	60. MANPOWER GROUP INC		2014-07-25	2014-10-15
	1. DELL COMPUTER CORP NAME CHG 7/22/03 SEE 24702R101		2001-01-01	2014-10-30
	80. APPLE INC		2013-11-27	2014-11-17
	20. EASTMAN CHEM CO		2014-06-04	2014-11-17
	220. HELMERICH & PAYNE INC COM		2013-02-26	2014-11-17
	10. UNION PAC CORP COM		2009-08-06	2014-11-17
	2297.869 DRIEHAUS ACTIVE INCOME FUND FUND 640		2014-06-13	2014-12-11
	4578.313 DRIEHAUS ACTIVE INCOME FUND FUND 640		2014-06-09	2014-12-11
	6800. GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I		2014-06-09	2014-12-11
	6409.715 GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I		2014-06-13	2014-12-11
	450. ISHARES TIPS BOND ETF		2014-08-21	2014-12-11
	135. ISHARES TR RUSSELL MIDCAP INDEX FD		2013-01-25	2014-12-11
	435. ISHARES TR RUSSELL 2000		2013-01-25	2014-12-11
	970.006 JP MORGAN RESEARCH MARKET NEUTRAL FUND INSTITUTIONAL		2014-06-09	2014-12-11
	3232.736 JP MORGAN RESEARCH MARKET NEUTRAL FUND INSTITUTIONAL		2014-06-13	2014-12-11
	426.964 ASG GLOBAL ALTERNATIVES FUND CL Y		2014-06-09	2014-12-11
	1542.553 ASG GLOBAL ALTERNATIVES FUND CL Y		2014-06-13	2014-12-11
	9107.468 PIMCO FDS PAC INVT MGMT SER TOTAL RETURN FD INSTL CL		2014-08-21	2014-12-11
	18331.806 PIMCO FDS PAC INVT MGMT SER TOTAL RETURN FD INSTL CL		2014-06-09	2014-12-11
	180. SPDR GOLD TRUST ETF		2014-08-21	2014-12-11
	516.412 VAN ECK GLOBAL HARD ASSETS FUND CLASS I FD 408		2014-06-13	2014-12-11
	284.202 VAN ECK GLOBAL HARD ASSETS FUND CLASS I FD 408		2012-08-03	2014-12-11
	459. QUANTA SVCS INC		2014-03-21	2014-12-12
	11. QUANTA SVCS INC		2014-03-21	2014-12-12
	5228.303 IVY ASSET STRATEGY FUND CL I FD 473		2013-08-12	2014-12-30
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	20,814	22,098	-1,284
b	27,827	30,379	-2,552
c	123	25	98
d	18		18
e	11,238	17,935	-6,697
	20,992	13,900	7,092
	30,085	24,177	5,908
	21,978	21,291	687
	15,374	7,986	7,388
	11,515	20,210	-8,695
	14,896	13,330	1,566
	19,093	17,164	1,929
	21,130	17,667	3,463
	33,184	30,810	2,374
	18,154	17,496	658
	26,687	14,868	11,819
	24	24
	26,233	18,612	7,621
	21,594	16,415	5,179
	21,429	20,283	1,146
	26,350	18,420	7,930
	33,620	16,464	17,156
	12,791	4,861	7,930
	14,408	9,760	4,648
	25,900	17,962	7,938
	27,339	15,930	11,409
	17,181	19,557	-2,376
	5,536	4,315	1,221
	1,652	608	1,044
	4,149	3,702	447
	4,787	2,079	2,708
	3,509	3,576	-67
	1,873	1,539	334
	28,515	18,215	10,300
	3,610	2,733	877
	4,141	2,244	1,897
	3,653	3,008	645
	5,512	3,634	1,878
	3,196	3,342	-146
	4,770	2,115	2,655
	4,048	3,933	115
	3,308	3,308
	5,887	3,014	2,873
	5,996	5,580	416
	3,730	2,143	1,587
	4,402	3,956	446
	3,052	338	2,714
	2,483	2,263	220
	3,963	4,286	-323
	7,940	6,511	1,429
	350,000	352,485	-2,485
	3,166	3,228	-62
	16,829	7,291	9,538
	5,610	5,029	581
	2,575	2,219	356
	4,533	2,560	1,973
	3,230	1,741	1,489
	19,280	16,959	2,321
	280,434	163,035	117,399
	4,597	3,174	1,423
	7,207	1,889	5,318
	4,364	4,142	222
	2,903	2,852	51
	3,070	3,083	-13
	3,362	2,836	526
	4,289	3,280	1,009
	2,573	2,517	56
	3,759	3,217	542
	4,536	4,544	-8
	5,540	4,586	954
	2,137	2,146	-9
	20,836	20,000	836
	93,268	125,000	-31,732
	3,985	2,485	1,500
	3,999	853	3,146
	4,004	2,633	1,371
	2,470	2,592	-122
	2,813	2,576	237
	2,648	2,708	-60
	5,335	4,919	416
	5,443	3,395	2,048
	3,757	3,082	675
	2,375	2,348	27
	2,429	2,274	155
	2,838	2,731	107
	1,015	300	715
	4,787	2,173	2,614
	79,551	62,839	16,712
	23,249	20,000	3,249
	2,971	3,196	-225
	4,248	3,154	1,094
	7,863	4,340	3,523
	4,996	2,702	2,294
	3,722	3,705	17
	2,899	2,202	697
	3,207	2,859	348
	3,443	2,976	467
	3,144	3,000	144
	3,102	2,845	257
	3,824	2,542	1,282
	153,500	127,509	25,991
	18,376	14,310	4,066
	164,214	151,716	12,498
	10,025	4,526	5,499
	15,037	3,697	11,340
	33,020	8,010	25,010
	18,724	6,683	12,041
	20,482	19,383	1,099
	16,377	16,199	178
	15,043	15,685	-642
	17,397	17,613	-216
	71,600	70,940	660
	20,000	20,206	-206
	14,100	14,163	-63
	27,266	29,373	-2,107
	4,144	2,560	1,584
	1,830	802	1,028
	5,949	5,370	579
	7,779	6,310	1,469
	14,707	7,966	6,741
	22,740	11,409	11,331
	16,847	16,300	547
	17,478	19,174	-1,696
	17,839	16,546	1,293
	20,121	11,931	8,190
	11,389	10,248	1,141
	18,816	22,440	-3,624
	7,362	6,529	833
	818	989	-171
	14,013	19,328	-5,315
	3,503	4,880	-1,377
	32		32
	9,111	6,157	2,954
	1,678	1,806	-128
	17,217	14,078	3,139
	1,205	300	905
	24,036	24,794	-758
	47,889	49,400	-1,511
	62,696	64,600	-1,904
	59,098	60,700	-1,602
	50,682	51,768	-1,086
	22,218	16,349	5,869
	50,546	39,102	11,444
	15,384	15,200	184
	51,271	50,750	521
	4,876	4,838	38
	17,616	17,400	216
	99,089	100,000	-911
	199,450	200,000	-550
	21,051	22,136	-1,085
	19,990	28,465	-8,475
	11,001	12,161	-1,160
	12,323	16,997	-4,674
	298	407	-109
	135,674	150,000	-14,326
			79,914

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			-1,284
b			-2,552
c			98
d			18
e			-6,697
			7,092
			5,908
			687
			7,388
			-8,695
			1,566
			1,929
			3,463
			2,374
			658
			11,819

			7,621
			5,179
			1,146
			7,930
			17,156
			7,930
			4,648
			7,938
			11,409
			-2,376
			1,221
			1,044
			447
			2,708
			-67
			334
			10,300
			877
			1,897
			645
			1,878
			-146
			2,655
			115

			2,873
			416
			1,587
			446
			2,714
			220
			-323
			1,429
			-2,485
			-62
			9,538
			581
			356
			1,973
			1,489
			2,321
			117,399
			1,423
			5,318
			222
			51
			-13
			526
			1,009
			56
			542
			-8
			954
			-9
			836
			-31,732
			1,500
			3,146
			1,371
			-122
			237
			-60
			416
			2,048
			675
			27
			155
			107
			715
			2,614
			16,712
			3,249
			-225
			1,094
			3,523
			2,294
			17
			697
			348
			467
			144
			257
			1,282
			25,991
			4,066
			12,498
			5,499
			11,340
			25,010
			12,041
			1,099
			178
			-642
			-216
			660
			-206
			-63
			-2,107
			1,584
			1,028
			579
			1,469
			6,741
			11,331
			547
			-1,696
			1,293
			8,190
			1,141
			-3,624
			833
			-171
			-5,315
			-1,377
			32
			2,954
			-128
			3,139
			905
			-758
			-1,511
			-1,904
			-1,602
			-1,086
			5,869
			11,444
			184
			521
			38
			216
			-911
			-550
			-1,085
			-8,475
			-1,160
			-4,674
			-109
			-14,326

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	463,234
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2013	189,425	6,584,063	0.02877
2012
2011
2010
2009

2	Total of line 1, column (d) ......................	2	0.02877
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	0.02877
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	7,093,741
5	Multiply line 4 by line 3.......................	5	204,087
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	5,808
7	Add lines 5 and 6.........................	7	209,895
8	Enter qualifying distributions from Part XII, line 4..............	8	165,539
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2014)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	11,617
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	11,617
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	11,617
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	11,580
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	11,580
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	37
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

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

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

Yes

Website address bullet

pncsites.com/pncfoundation/charitable_trusts.

The books are in care of bullet

PNC BANK NA Telephone no. bullet

(412) 762-5188

Located at bullet

620 LIBERTY AVENUEPITTSBURGHPA ZIP+4 bullet

15222

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Form 990-PF (2014)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2014?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2014.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2014)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
PNC BANK NA	TRUSTEE 13	65,049
620 LIBERTY AVE PITTSBURGH,PA152222705	TRUSTEE 13	65,049

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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Form 990-PF (2014)

Page 8

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

7,202,778

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

-1,010

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

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

7,201,768

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

7,201,768

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

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

108,027

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

7,093,741

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

354,687

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

354,687

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

11,617

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

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

11,617

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

343,070

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

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

343,070

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

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

343,070

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

165,539

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

165,539

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

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

165,539

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7					343,070
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				128,199
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	0
b From 2010.......	0
c From 2011.......	0
d From 2012.......	0
e From 2013.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2014 from Part
XII, line 4: $ 165,539
a Applied to 2013, but not more than line 2a					128,199
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.....					37,340
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 ..........					305,730
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....	0
b Excess from 2011....	0
c Excess from 2012....	0
d Excess from 2013....	0
e Excess from 2014....	0

Form 990-PF (2014)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2014, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2014	(b) 2013	(c) 2012	(d) 2011	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ...........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

STEPHEN KOSAK
248 SENECA STREET
OIL CITY,PA16301
(814) 678-3545

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

GRANT REQUESTS MUST BE MADE ONLINE THROUGH CYBER GRANTS

cAny submission deadlines:

FEBRUARY 1, MAY 1, AUGUST, 1 AND OCTOBER 1. DECISIONS MADE IN MARCH, JUNE, SEPTEMBER, & NOVEMBER

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

NONE

Form 990-PF (2014)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN RED CROSS ALLEGHENY REGION 1643 ALLEGHENY BLVD PO BOX 370 RENO,PA16343	NONE	PC	DISASTER SERVICES &	18,000
LIFELONG LEARNING PROGRAMS 679 COLBERT AVE STE 101 OIL CITY,PA163012298	NONE	PC	TEST FOR SUCCESS	25,000
SECOND HARVEST FOOD BANK OF NW PA 1507 GRIMM DR ERIE,PA165011580	NONE	PC	FOOD FOR LOW-INCOME ADULTS	9,000
VENANGO COUNTY ASSOCIATION FOR THE BLIND PO BOX 515 SENECA,PA163460515	NONE	PC	BLIND & VISUALLY IMPAIRED	27,787
YMCA OF FRANKLING-GROVE CITY 111 W PARK ST FRANKLIN,PA163231365	NONE	PC	YOUTH DEVELOPMENT IN	15,704
YOUG WOMEN'S CHRISTIAN 109 CENTRAL AVE OIL CITY,PA163012735	NONE	PC	2015 YWCA YOUTH PROGRAM	7,708
YOUTH ALTERNATIVES INC 1 GRAFF ST OIL CITY,PA163011723	NONE	PC	YOUTH ALTERNATIVES -	25,000
Total ................................. 3a				128,199

bApproved for future payment

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

Form 990-PF (2014)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............
4 Dividends and interest from securities....			14	169,622
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	463,234
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aFEDERAL TAX REFUND			14	4,536
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				637,392

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

13637,392

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2014)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2014)

Additional Data

Software ID:
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Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name: