Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
The Geoffrey and Lynne Picard Family
Foundation
% GEOFFREY & LYNNE PICARD FAMI
Number and street (or P.O. box number if mail is not delivered to street address)1105 Shenandoah Drive EastSuiteRoom/suite
City or town, state or province, country, and ZIP or foreign postal code
Seattle, WA98112
A Employer identification number

77-0472664
B Telephone number (see instructions)

(206) 734-7976
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$4,195,122J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 0
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 73 73  
4 Dividends and interest from securities...... 104,157 104,157  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 320,410
b Gross sales price for all assets on line 6a 2,511,750
7 Capital gain net income (from Part IV, line 2)... 320,410
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........ 424,640 424,640  
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).......        
c Other professional fees (attach schedule).... Click to see attachment 43,547 43,547    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,591 2,408    
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 21,907 846   21,061
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 74,045 46,801   21,061
25 Contributions, gifts, grants paid........ 172,500 172,500
26 Total expenses and disbursements. Add lines 24 and 25 246,545 46,801   193,561
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 178,095
b Net investment income (if negative, enter -0-) 377,839
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.......... 180,536 151,121 151,121
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) 606,659 Click to see attachment136,316 155,512
b Investments—corporate stock (attach schedule)........ 1,997,685 Click to see attachment2,740,765 3,439,575
c Investments—corporate bonds (attach schedule)........ 330,144 Click to see attachment252,935 267,426
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 150,442 Click to see attachment162,424 181,488
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) 3,265,466 3,443,561 4,195,122
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...................    
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 3,265,466 3,443,561
30 Total net assets or fund balances (see instructions)...... 3,265,466 3,443,561
31 Total liabilities and net assets/fund balances (see instructions).. 3,265,466 3,443,561
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 3,265,466
2 Enter amount from Part I, line 27a..................... 2 178,095
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,443,561
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 3,443,561
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      
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 2,511,750   2,191,340 320,410
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       320,410
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 2 320,410
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 146,471 3,818,038 0.038363
2012 122,449 3,418,540 0.035819
2011 107,690 3,406,339 0.031615
2010 144,350 3,145,331 0.045893
2009 125,839 2,775,621 0.045337
2 Total of line 1, column (d) ...................... 2 0.197027
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 0.039405
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 4,153,021
5 Multiply line 4 by line 3....................... 5 163,650
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,778
7 Add lines 5 and 6......................... 7 167,428
8 Enter qualifying distributions from Part XII, line 4.............. 8 193,561
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,778
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 3,778
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 3,778
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 4,700
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,700
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 10 922
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet922 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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 addressbullet  
    14
    The books are in care ofbulletGEOFFREY & LYNNE PICARD FAMILY Telephone no.bullet (206) 734-7976
    Located atbullet1105 Shenandoah Drive EastSeattleWA ZIP+4bullet98112
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Alexandra Picard Pres / Dir
    1.0     		0    
    1105 Shenandoah Drive East
    Seattle,WA98112
    Caroline Picard Dir / Sec
    1.0     		0    
    1105 Shenandoah Drive East
    Seattle,WA98112
    Peter Picard VP / Dir
    1.0     		0    
    1105 Shenandoah Drive East
    Seattle,WA98112
    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
     
    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
     
    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  
    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
    3,802,465
    b
    Average of monthly cash balances.......................
    1b
    239,095
    c
    Fair market value of all other assets (see instructions)................
    1c
    174,705
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,216,265
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,216,265
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    63,244
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,153,021
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    207,651
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    207,651
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    3,778
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,778
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    203,873
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    203,873
    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
    203,873
    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
    193,561
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    193,561
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    3,778
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    189,783
    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 7 203,873
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 166,175
    b Total for prior years:2012, 2011, 2010  
    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$ 193,561
    a Applied to 2013, but not more than line 2a 166,175
    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..... 27,386
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		176,487
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014.... 0
    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).)
    ALEXANDRA PICARD
    CAROLINE PICARD
    PETER PICARD
    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
    AMERICAN INSTITUTE OF MUSICAL STUDIES
    28 E 69TH ST
    KANSAS CITY,MO64113     		N/A PC General & Unrestricted 2,500
    CHICAGO ARTISTS COALITION
    217 N CARPENTER ST
    CHICAGO,IL60607     		N/A PC General & Unrestricted 10,000
    DFBRL8R LTD
    1463 W CHICAGO AVE STO
    CHICAGO,IL60642     		N/A PC Renovations Fund 10,000
    EXPERIMENTAL SOUND STUDIO
    5925 N RAVENSWOOD AVE
    CHICAGO,IL60660     		N/A PC General & Unrestricted 6,000
    GROTON SCHOOL
    282 FARMERS ROW
    GROTON,MA01450     		N/A PC General & Unrestricted 2,500
    HYDE PARK ART CENTER
    5020 S CORNELL AVE
    CHICAGO,IL60615     		N/A PC General & Unrestricted 15,000
    LINKS HALL INCORPORATED
    3435 N SHEFFIELD AVE STE 207
    CHICAGO,IL60657     		N/A PC General & Unrestricted 10,000
    MAKE LITERARY PRODUCTIONS NFP
    2822 W DICKENS AVE 3
    CHICAGO,IL60647     		N/A PC MAKE Magazine 6,500
    NECTARS FOUNDATION INC
    188 MAIN ST
    BURLINGTON,VT05401     		N/A PC General & Unrestricted 5,000
    NORTHWEST SYMPHONY ORCHESTRA
    PO BOX 16231
    SEATTLE,WA98116     		N/A PC General & Unrestricted 10,000
    ROCKHOUSE FOUNDATION
    2 CORNELIA ST PH C
    NEW YORK,NY10014     		N/A PC General & Unrestricted 10,000
    RUSSIAN CHILDRENS WELFARE SOCIETY INC
    200 PARK AVE S STE 1508
    NEW YORK,NY10003     		N/A PC General & Unrestricted 6,600
    SHOTGUN PRODUCTIONS INC
    165 E 35TH ST APT 7J
    NEW YORK,NY10016     		N/A PC General & Unrestricted 25,000
    THE BROTHERHOOD SISTER SOL INC
    512 W 143RD ST
    NEW YORK,NY10031     		N/A PC General & Unrestricted 1,000
    THE URBAN ASSEMBLY INC
    90 BROAD ST STE 2101
    NEW YORK,NY10004     		N/A PC General & Unrestricted 1,000
    THE URBAN ASSEMBLY INC
    90 BROAD ST STE 2101
    NEW YORK,NY10004     		N/A PC Bronx Academy of Letters 5,400
    VILLA ACADEMY
    5001 NE 50TH ST
    SEATTLE,WA98105     		N/A PC General & Unrestricted 45,000
    ZEUSS THIGH LTD DBA THE BOOMERANG THEATRE COMPANY
    PO BOX 237166 ANSONIA STA
    NEW YORK,NY10023     		N/A PC General & Unrestricted 1,000
    Total .................................bullet 3a 172,500
    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 ............     		    14 73  
    4 Dividends and interest from securities....     14 104,157  
    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 .............     		    18 320,410  
    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)..   424,640  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13424,640
    (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


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2014 DepreciationSchedule
    Name:
    The Geoffrey and Lynne Picard Family
    Foundation
    EIN: 77-0472664
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    The Geoffrey and Lynne Picard Family
    Foundation
    EIN: 77-0472664
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AFLAC INC - 3.625% - 11/15/202 8,146 8,157
    AIG - 3.375% - 08/15/2020 8,166 8,310
    AMGEN INC - 2.200% - 05/22/201 8,019 7,970
    ANHEUSER BUSCH COS - 6.45% - 0 4,221 7,891
    AOL TIME WARNER - 7.625% - 04/ 8,287 9,758
    APPLE INC NOTE - 2.400% - 05/0 8,689 8,727
    BANK AMER CORP FR - 2.000% - 0 8,009 7,994
    BANK NEW YORK - 3.650% - 02/04 8,085 8,366
    BARRICK NORTH AMERICA FIN LLC 8,235 8,078
    CAPITAL ONE FINL CORP - 6.150% 7,625 7,522
    CISCO SYSTEMS INC - 5.500% - 0 8,688 8,440
    CITIGROUP INC - 6.125% - 05/15 7,679 7,922
    CONOCPHILLIPS - 5.625% - 10/15 7,800 7,557
    DEERE JOHN CAP CORP - 1.200% - 8,049 7,954
    EQUITY RESIDENTIAL PPTYS - 5.1 8,251 8,386
    ETP L.P. - 04.65% - 06/01/2021 8,476 8,363
    GE CAP CORP SER A - 5.625% - 9 6,862 7,770
    JPMORGAN CHASE & CO - 5.150% - 7,852 8,222
    MARATHON OIL CORP - 6.600% - 1 6,540 7,067
    MCDONALDS CORP NT - 5.000% - 0 7,525 7,789
    MORGAN STANLEY SR NT-F 3.750% 8,025 8,207
    NEWMONT MINING CORP NT - 3.500 7,644 8,458
    ONEOK PARTNERS CONS - 6.150% - 7,505 7,516
    PETROBRAS - 05.625% - 05/20/20 7,673 7,337
    PRUDENTIAL - 3.500% - 05/15/24 8,096 8,132
    STATOIL ASA - 1.150% - 05/15/2 8,000 7,846
    TOTAL CAPITAL GTD - 3.000% - 0 8,116 8,093
    UNITEDHEALTH GROUP INC - 5.80% 6,268 8,668
    VERIZON - 3.000% - 11/01/2021 7,938 7,890
    VIACOM INC - 6.875% - 04/30/20 6,492 8,886
    VODAFONE GROUP PLC - 6.15% - 0 6,967 8,446
    WELLS FARGO CO - 4.600% - 04/0 7,708 7,789
    XEROX - 6.350% - 05/15/2018 7,299 7,915

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    The Geoffrey and Lynne Picard Family
    Foundation
    EIN: 77-0472664
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABERDEEN ASSET MANAGEMENT PLC 11,093 10,406
    ACADIA RLTY TR 2,684 2,979
    ADVANCE AUTO PARTS INC 8,869 16,884
    AIA GROUP LTD ADR 16,718 20,777
    ALBANY MOLECULAR RESH INC. 2,592 2,540
    ALERE INC 7,430 7,676
    ALEXANDER AND BALDWIN HOLDINGS 1,630 1,649
    ALIBABA GROUP HOLDING LIMITED 17,087 19,229
    ALTERA CORPORATION 1,790 1,773
    AMAG PHARMACEUTICALS, INC. 2,067 2,770
    AMAZON COM 60,735 63,002
    AMER EQ INV LIFE HLD 2,764 5,634
    AMER INTERNATIONAL GROUP INC 22,991 33,942
    AMERICAN ASSETS TRUST INC 2,311 2,627
    AMERICAN CAMPUS COMMUNITIES 2,133 2,192
    AMERICAN EXPRESS CO 8,571 15,259
    AMERICAN HOMES 4 RENT 828 817
    AMGEN INC 9,075 24,849
    AMSURG CORP 11,043 12,424
    ANALOG DEVICES INC. 3,152 4,386
    AON PLC 25,596 30,156
    APACHE CORPORATION 7,405 7,270
    APPLE INC. 21,802 31,458
    APPLIED MATERIALS INC. 9,718 19,911
    ARM HOLDINGS PLC 23,662 36,068
    ASML HOLDING NV NY REG SHS 22,712 25,124
    ASPEN INSURANCE HLDG 5,956 6,959
    AUTODESK, INC. 14,217 26,126
    AUTOMATIC DATA PROCESSING INC. 4,917 8,754
    AVALONBAY CMNTYS INC 7,464 8,660
    BANCO ITAU HOLDING FINANCIERA 10,272 10,499
    BANK OF NOVA SCOTIA 7,890 8,277
    BARNES GPOUP INC 1,368 1,369
    BAYER A G SPONSORED ADR 7,074 12,042
    BG GROUP PLC ADS 15,115 14,268
    BHP BILLITON LIMITED 16,629 12,918
    BIOMED RLTY TR INC 3,017 3,016
    BLACKROCK INC 22,974 29,320
    BLOOMIN BRANDS INC 3,272 4,853
    BOSTON PPTYS INC 8,124 8,751
    BROADRIDGE FINANCIAL SOLUTIONS 6,945 11,591
    BROADSOFT INC. 2,499 2,699
    CABELA'S INC 9,230 8,644
    CACI INTL INC 6,258 7,067
    CAMDEN PPTY TR 3,078 3,249
    CAMECO CORPORATION 16,024 14,588
    CAPITAL BANK FINANCIAL CORP 4,259 5,414
    CAPITAL ONE FINANCIAL CORP 11,586 19,152
    CARMAX INC 9,629 17,044
    CARNIVAL PLC ADS 19,328 23,350
    CATERPILLAR INC. 11,225 12,173
    CHATHAM LODGING TRUST 1,106 1,391
    CHINA UNICOM LTD 19,319 19,005
    CISCO SYSTEMS INC 28,062 47,545
    CITIGROUP INC 16,244 17,965
    CIVITAS SOLUTIONS INC 233 238
    CNO FINANCIAL GROUP INC. 3,334 6,492
    COCA-COLA CO 24,355 28,456
    COMCAST CORP 8,689 22,970
    COMMVAULT SYSTEMS, INC. 5,869 6,203
    COMPAGNIE FINANCIERE RICHEMONT 16,235 15,780
    CON-WAY INC 2,165 2,262
    CONTL AG SPONS ADR 14,013 14,766
    CREDIT SUISSE GROUP ADR 14,863 13,618
    CUBESMART 1,499 1,766
    CUMMINS INC 8,575 9,515
    DBS GROUP HLDGS SPON ADR 13,306 14,997
    DDR CORP 3,282 3,470
    DIAGEO PLC ADS 11,508 12,322
    DILLARD'S INC 5,810 7,386
    DOUGLAS EMMETT INC 1,689 1,732
    DR. REDDY'S LAB LTD 9,581 12,108
    DUN & BRADSTREET CORP 7,458 8,709
    DUPONT FABROS TECHNOLOGY INC C 2,579 3,091
    ELEKTA B SHS ADR 10,893 10,880
    ELLIE MAE INC 2,560 3,588
    EQUITY LIFESTYLE PRP 2,220 2,629
    EQUITY RESIDENTIAL PPTYS TR 9,836 11,423
    ESTERLINE CORP 8,123 9,103
    EXPEDITORS INTL WASH INC. 26,307 26,231
    EXTENDED STAY AMERICA INC 1,644 1,699
    EXTRA SPACE STORAGE 3,048 3,401
    FACEBOOK INC 14,926 46,422
    FACTSET RESH SYST INC. 14,194 19,424
    FAMILY DOLLAR STORES 4,610 6,654
    FEDERAL RLTY INVT TR 4,590 5,071
    FEDEX CORPORATION 9,006 20,318
    FIRST CASH FINL SERVICES INC 5,911 7,293
    FIRSTMERIT CORPORATION 10,238 10,295
    FOREST CITY ENTERPRISES CL A 2,604 2,854
    FORUM ENERGY TECHNOLOGIES INC 7,394 5,825
    FRANKLIN RES INC 17,039 22,868
    FRESENIUS SE S ADR 13,472 15,551
    GENERAL MOTORS 34,161 36,760
    GLENCORE XSTRATA PLC ADR 31,833 29,924
    GLOBE SPECIALTY METALS INC 2,615 2,343
    GNC CORP 8,081 9,580
    GOLDMAN SACHS GROUP 17,228 29,850
    GOOGLE INC CL A 13,065 24,410
    GOOGLE INC CL C 23,004 33,163
    GRAMERCY PROPERTY TRUST INC 1,650 1,918
    GRAPHIC PACKAGING CORP 6,658 10,038
    GREENHILL & COMPANY INC 6,912 7,848
    GRIFOLS SA REP 1/2 CL B 3,602 9,381
    GROUP 1 AUTOMOTIVE INC 3,732 5,377
    GROUPE DANONE ADS 28,735 26,613
    HAEMONETICS CP 6,928 7,484
    HCC INS HLDGS INC 7,272 11,507
    HDFC BANK LTD ADR 8,557 19,234
    HEALTH CARE PPTY INVS INC 5,549 5,856
    HEALTH CARE REIT INC. 5,270 6,356
    HERSHA HOSPITALITY TRUST 5,039 6,517
    HILLENBRAND, INC 6,442 8,384
    HILTON HOTELS CORP 1,857 2,113
    HOLCIM LIMITED ADR 14,385 13,835
    HOST HOTELS & RESORTS INC 4,140 4,516
    HSN, INC 6,968 8,740
    ICF INTERNATIONAL, INC. 4,143 5,737
    IGATE CORP 9,006 10,225
    ILLINOIS TOOL WORKS 5,751 9,186
    INTEGRA LIFESCIENCES HOLDINGS 6,031 8,677
    INTEL CORP 21,617 38,068
    ITV PLC SHS 12,360 12,915
    JACK IN THE BOX INC 4,136 7,196
    JP MORGAN CHASE & CO 16,859 31,165
    KAPSTONE PAPER AND PACKAGING C 5,673 5,686
    KAR AUCTION SERVICES INC 6,752 12,266
    KILROY REALTY CP 4,890 5,595
    KOMATSU LTD. 17,668 18,916
    LAM RESEARCH CORP 2,531 6,268
    LAS VEGAS SANDS CORP 11,263 10,934
    LENNOX INTL INC 4,318 7,035
    LIBERTY PROPERTY TRUST SBI 2,105 2,220
    LIFEPOINT HOSPITALS, INC 6,811 8,629
    LITTELFUSE, INC. 5,620 8,024
    LOOMIS SAYLES HIGH INCOME OPPO 111,074 105,868
    LOOMIS SAYLES SECURITIZED ASSE 368,170 364,860
    LOWES COMPANIES INC. 12,745 29,102
    LPL FINANCIAL HOLDINGS INC 4,787 6,772
    LVMH MOET HENN UNSP 14,162 13,673
    MACERICH CO 2,099 2,669
    MADDEN STEVEN LTD 7,241 6,716
    MANULIFE FIN CORP 17,217 20,484
    MASTERCARD INC 4,476 18,955
    MEDTRONIC INC 9,444 13,718
    MENS WEARHOUSE 6,736 7,594
    MERCK & CO INC. 8,272 13,232
    MERIT MEDICAL SYSTEMS, INC. 3,385 4,125
    MICROSOFT CORPORATION 12,458 21,042
    MONSANTO CO 13,676 14,097
    MONSTER BEVERAGE CORP 17,102 33,589
    NATIONAL RETAIL PROPERTIES INC 1,467 1,654
    NATL OILWELL VARCO 15,635 16,710
    NESTLE S.A. 8,712 9,556
    NICE SYSTEMS LTD. 10,779 15,144
    NIDEC CORPORATION ADR 21,079 20,927
    NIKE INC-CL B 1,756 4,231
    NOMURA HOLDINGS ADR 15,246 14,317
    NOVARTIS AG ADR 19,119 26,686
    NOVO NORDISK A S 31,386 31,486
    NXP SEMICONDUCTORS 13,043 13,217
    OMNICOM GROUP 9,942 14,642
    ORACLE CORP 24,551 39,843
    PARAMOUNT GROUP INC COM 850 855
    PIEDMONT OFFICE REALTY TRUST I 3,270 3,240
    PING AN INSURANCE 26,661 31,972
    PLATINUM UNDERWRITERS HOLDINGS 5,725 6,975
    PRA HEALTH SCIENCES INC COM 4,744 5,450
    PROCTER GAMBLE CO 23,126 29,969
    PROLOGIS 8,467 8,606
    PROSPERITY BANC SHARES, INC 3,461 4,429
    PRUDENTIAL PLC SC 7,352 18,237
    PT BK MANDIR PRS UNSP/ADR 11,770 11,796
    PUBLIC STORAGE INC 7,511 8,133
    QUALCOMM INC 24,620 34,489
    RALPH LAUREN CORP 22,389 25,922
    RAMCO-GERSHENSON PROPERTIES 1,254 1,424
    RELIANCE STL & ALMN 7,118 6,985
    RETAIL OPPORTUNITY INVESTMENTS 1,637 1,763
    REXFORD INDUSTRIAL REALTY INC 1,643 1,822
    REXNORD CORP 6,637 6,827
    RLJ LODGING TRUST 2,176 2,615
    ROBECO BOSTON PTNERS LONG SHOR 1,706 1,776
    ROCHE HOLDING LTD ADR 6,546 9,415
    RYLAND GROUP INC. 4,612 4,781
    SABMILLER PLC S/ADR 23,275 25,522
    SCHLUMBERGER LTD 24,057 24,513
    SEI INVESTMENTS 13,713 25,425
    SERVICEMASTER GLOBAL HOLDINGS 6,947 8,540
    SESA STERLITE LIMITED 14,837 18,768
    SEVEN & I HOLDINGS C 11,307 11,034
    SIEMENS AG 18,335 17,360
    SILGAN HOLDINGS, INC. 7,431 9,702
    SIMON PPTY GROUP INC 17,288 18,575
    SOFTBANK CP UNSP ADR 11,317 17,523
    SOUTHERN COPPER CORP 12,598 11,872
    SS&C TECHNOLOGIES INC 5,060 10,470
    STANDEX INTERNATIONAL CORP 3,432 4,095
    STARWOOD HOTELS & RESORTS 6,826 11,593
    STORE CAPITAL CORPORATION 1,229 1,340
    SUNTORY BEVERAGE & FOOD LTD AD 12,077 11,723
    TAUBMAN CENTERS INC 3,994 4,050
    TCP CAPITAL CORPORATION 4,682 4,816
    TELEFLEX INC. 5,364 7,808
    TELENOR ASA 7,865 8,597
    TENCENT HOLDINGS LIMITED 12,190 16,266
    TENNECO INC 5,202 5,378
    THERMON GROUP HOLDINGS INC 3,788 4,161
    TIFFANY & CO 4,747 9,190
    TOYOTA MTR CORP 13,160 22,210
    UBS AG 7,426 7,314
    UNILEVER PLC AMER 13,357 12,832
    UNION FIRST MARKET BANKSHARES 6,629 6,694
    UNION PACIFIC 15,870 24,183
    UNITED PARCEL SERVICE 18,753 28,348
    VARIAN MEDICAL SYSTEMS INC 18,899 23,358
    VENTAS INC 4,935 5,306
    VERINT SYSTEMS INC. 6,797 11,656
    VISA INC 30,391 74,728
    VORNADO RLTY TR 2,445 2,707
    VWR CORPORATION 6,635 7,709
    WEBSTER FINL CORP 9,554 11,646
    WELLS FARGO & CO. 22,894 41,992
    WOLVERINE WORLDWIDE 5,203 6,719
    YUM BRANDS INC 18,282 17,265
    ZIMMER HOLDINGS INC 8,526 17,807

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    The Geoffrey and Lynne Picard Family
    Foundation
    EIN: 77-0472664
    US Government Securities - End of Year Book Value:

    136,316
    US Government Securities - End of Year Fair Market Value:

    155,512
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    The Geoffrey and Lynne Picard Family
    Foundation
    EIN: 77-0472664
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    A&Q MULTI-STRATEGY FUND   162,424 181,488

    TY 2014 OtherExpensesSchedule
    Name:
    The Geoffrey and Lynne Picard Family
    Foundation
    EIN: 77-0472664
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 21,061     21,061
    Bank Charges 846 846    


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    The Geoffrey and Lynne Picard Family
    Foundation
    EIN: 77-0472664
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 43,547 43,547    


    TY 2014 TaxesSchedule
    Name:
    The Geoffrey and Lynne Picard Family
    Foundation
    EIN: 77-0472664
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2014 4,700      
    990-PF Extension for 2013 1,483      
    Foreign Tax Paid 2,408 2,408