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
JOSEPHINE P & JOHN J LOUIS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)EDWARD FELLIN MCGLADREY 1S WACKERDR NO 800Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60606
A Employer identification number

36-3837993
B Telephone number (see instructions)

(312) 634-3400
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$9,414,443J 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).............. 432,948
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 1 1  
4 Dividends and interest from securities...... 308,989 308,989  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 267,853
b Gross sales price for all assets on line 6a 1,029,593
7 Capital gain net income (from Part IV, line 2)... 267,853
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 7,388 7,388  
12 Total. Add lines 1 through 11........ 1,017,179 584,231  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 6,565 0   6,565
b Accounting fees (attach schedule)....... Click to see attachment 5,280 3,960   1,320
c Other professional fees (attach schedule).... Click to see attachment 63,696 63,696   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 16,770 4,788   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,779 5,640   139
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 98,090 78,084   8,024
25 Contributions, gifts, grants paid........ 1,177,139 1,177,139
26 Total expenses and disbursements. Add lines 24 and 25 1,275,229 78,084   1,185,163
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -258,050
b Net investment income (if negative, enter -0-) 506,147
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............... 5,182 3,076 3,076
2 Savings and temporary cash investments.......... 647,443 278,413 278,413
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 4,682,347 Click to see attachment4,222,623 5,600,189
c Investments—corporate bonds (attach schedule)........ 1,776,224 Click to see attachment1,574,152 1,683,762
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,010,898 Click to see attachment1,839,343 1,839,971
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment62,595 Click to see attachment9,032 Click to see attachment9,032
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,184,689 7,926,639 9,414,443
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 8,184,689 7,926,639
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)...... 8,184,689 7,926,639
31 Total liabilities and net assets/fund balances (see instructions).. 8,184,689 7,926,639
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 8,184,689
2 Enter amount from Part I, line 27a..................... 2 -258,050
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 7,926,639
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,926,639
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 12,485.81 SHS METROPOLITAN WEST FDS LOW DURATION P 2013-10-04 2014-12-03
b 7,894.74 SHS SCOUT UNCONSTRAINED BD FUND P 2013-08-30 2014-12-03
c 16230.61 SHS TEMPLETON INSTL FDS FGN EQUITY P 2009-12-31 2014-12-03
d 4,484.31 SHS ASTON/RIVER RD INDEPENDENT VALUE P 2011-12-22 2014-12-03
e 13,917.89 SHS ASTON RIVER RD DYN EQY INC P 2011-12-21 2014-12-03
3,797.47 SHS FRONTIER FDS INC MFG GBL P 2013-08-30 2014-12-03
FROM EDGBASTON K-1 P    
FROM EDGBASTON K-1 P    
CAPITAL GAINS DIVIDENDS P    
(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 110,000   109,625 375
b 90,000   92,447 -2,447
c 350,000   305,412 44,588
d 50,000   48,747 1,253
e 200,000   154,243 45,757
60,000   51,266 8,734
10,992     10,992
2,528     2,528
156,073     156,073
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       375
b       -2,447
c       44,588
d       1,253
e       45,757
      8,734
      10,992
      2,528
      156,073
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 2 267,853
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 991,688 9,109,313 0.108865
2012 803,895 8,121,463 0.098984
2011 1,195,873 8,085,750 0.147899
2010 415,700 7,563,191 0.054964
2009 378,900 6,181,167 0.061299
2 Total of line 1, column (d) ...................... 2 0.472011
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 0.094402
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 8,872,151
5 Multiply line 4 by line 3....................... 5 837,549
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,061
7 Add lines 5 and 6......................... 7 842,610
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,185,163
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 5,061
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 5,061
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 5,061
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 6,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 22
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 5,917
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,917 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCREDIT SUISSE Telephone no.bullet (312) 345-6800
    Located atbullet227 W MONROE ST SUITE 4350CHICAGOIL ZIP+4bullet60606
    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
    JOSEPHINE P LOUIS VICE PRESIDENT, DIRECTOR
    0.10     		0 0 0
    MCGLADREY 1 S WACKER DR STE 800
    CHICAGO,IL60606
    WALTER W BELL SECRETARY
    0.10     		0 0 0
    135 S LASALLE ST SUITE 2350
    CHICAGO,IL60603
    KIMBERLY LOUIS STEWART DIRECTOR
    0.10     		0 0 0
    MCGLADREY 1 S WACKER DR STE 800
    CHICAGO,IL60606
    TRACY LOUIS MERRILL DIRECTOR
    0.10     		0 0 0
    MCGLADREY 1 S WACKER DR STE 800
    CHICAGO,IL60606
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    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 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,346,854
    b
    Average of monthly cash balances.......................
    1b
    660,406
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,007,260
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,007,260
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    135,109
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,872,151
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    443,608
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    443,608
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    5,061
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,061
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    438,547
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    438,547
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    438,547
    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
    1,185,163
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,185,163
    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
    5,061
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,180,102
    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 7 438,547
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 73,379
    b From 2010....... 43,405
    c From 2011....... 801,819
    d From 2012....... 404,732
    e From 2013....... 548,032
    fTotal of lines 3a through e......... 1,871,367
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,185,163
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 438,547
    e Remaining amount distributed out of corpus 746,616
    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 2,617,983
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		73,379
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		2,544,604
    10 Analysis of line 9:
    a Excess from 2010.... 43,405
    b Excess from 2011.... 801,819
    c Excess from 2012.... 404,732
    d Excess from 2013.... 548,032
    e Excess from 2014.... 746,616
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    LAUREN MCGRATH
    C/O CREDIT SUISSE 227 W MONROE ST
    SUITE 4350
    CHICAGO,IL60606
    (312) 345-6800
    bThe form in which applications should be submitted and information and materials they should include:
    THERE IS NO SPECIFIC FORM FOR APPLICATIONS AND NO REQUIREMENTS RELATING TO INFORMATION TO SUPPLY
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO FELLOWSHIP, SCHOLARSHIP OR OTHER TYPES OF GRANTS TO INDIVIDUALS ARE MADE.
    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
    ACHIEVEMENT CENTERS
    555 NW 4TH STREET
    DELRAY BEACH,FL33444     		NONE PC SOCIAL WELFARE 1,000
    AMERICARES
    88 HAMILTON AVENUE
    STAMFORD,CT06902     		NONE PC SOCIAL WELFARE 120,000
    BETHESDA HOSPITAL FOUNDATION
    2815 SOUTH SEACREST BOULEVARD
    BOYNTON BEACH,FL33435     		NONE PC MEDICAL 1,000
    CABLE NATURAL HISTORY MUSEUM
    PO BOX 416 13470 COUNTY HWY M
    CABLE,WI54821     		NONE PC ARTS AND HUMANITIES 5,000
    CHICAGO BOTANIC GARDENS - ANNUAL FUND
    1000 LAKE COOK ROAD
    GLENCOE,IL60022     		NONE PC ENVIRONMENTAL 10,000
    CHICAGO BOTANIC GARDENS - GREEN ROOF GARDEN
    1000 LAKE COOK ROAD
    GLENCOE,IL60022     		NONE PC ENVIRONMENTAL 2,000
    CHICAGO BOTANIC GARDENS - TRIBUTE FUND FOR TALBOT CAIN
    1000 LAKE COOK ROAD
    GLENCOE,IL60022     		NONE PC ENVIRONMENTAL 1,000
    CHICAGO COUNCIL ON GLOBAL AFFAIR
    332 S MICHIGAN AVENUE SUITE 1100
    CHICAGO,IL60604     		NONE PC CHARITABLE 1,000
    CHICAGO HISTORY MUSEUM
    1601 NORTH CLARK STREET
    CHICAGO,IL60614     		NONE PC ARTS AND HUMANITIES 500
    CHICAGO SYMPHONY ORCHESTRA
    220 SOUTH MICHIGAN AVENUE
    CHICAGO,IL60604     		NONE PC ARTS AND HUMANITIES 500
    CHRIST CHURCH
    470 MAPLE STREET
    WINNETKA,IL60093     		NONE PC RELIGIOUS 500
    DEERFIELD ACADEMY
    PO BOX 306
    DEERFIELD,MA01342     		NONE PC EDUCATION 95,000
    DEERFIELD ACADEMY - JOHN J LOUIS SCHOLARSHIP FUND
    PO BOX 306
    DEERFIELD,MA01342     		NONE PC EDUCATION 12,500
    DRUMMOND FIRE AND RESCUE
    PO BOX 24 52560 FRONT AVENUE
    DRUMMOND,WI54832     		NONE PC CHARITABLE 1,000
    FOREST LODGE LIBRARY
    PO BOX 176
    CABLE,WI54821     		NONE PC CHARITABLE 300
    GREAT DIVIDE AMBULANCE SERVICE
    13505 JENKINS ROAD
    CABLE,WI54821     		NONE PC MEDICAL 1,000
    HADLEY SCHOOL FOR THE BLIND
    700 ELM STREET
    WINNETKA,IL60093     		NONE PC EDUCATION 2,500
    HAYWARD AREA MEDICAL HOSPITAL
    11040 N STATE ROAD 77
    HAYWARD,WI54843     		NONE PC CHARITABLE 1,000
    HISTORIC DEERFIELD
    PO BOX 321
    DEERFIELD,MA01342     		NONE PC CHARITABLE 500
    INSTITUTE FOR ETHNOMEDICINE - DR COX PLEDGE
    240 EAST DELONEY AVENUE BOX 3464
    JACKSON HOLE,WY83001     		NONE PC MEDICAL 250,000
    INSTITUTE FOR ETHNOMEDICINE - EXTEND PROTEIN ANALYSIS
    240 EAST DELONEY AVENUE BOX 3464
    JACKSON HOLE,WY83001     		NONE PC MEDICAL 251,000
    JOHN G SHEDD AQUARIUM
    1200 SOUTH LAKE SHORE DRIVE
    CHICAGO,IL60605     		NONE PC CHARITABLE 6,000
    LAKE OWEN ASSOCIATION
    POB 132
    CABLE,WI54821     		NONE PC CHARITABLE 2,000
    LINCOLN PARK ZOO
    2001 NORTH CLARK STREET
    CHICAGO,IL60614     		NONE PC ENVIRONMENTAL 1,500
    MAYO CLINIC - ALZHEIMER'S DISEASE RESEARCH PROJECT
    200 FIRST STREET SW
    ROCHESTER,MN55905     		NONE PC MEDICAL 125,000
    MIDWEST PALLIATIVE AND HOSPICE CARECENTER
    2050 CLAIRE COURT
    GLENVIEW,IL60025     		NONE PC MEDICAL 1,000
    MILLBROOK SCHOOL - ANNUAL FUND
    131 MILLBROOK SCHOOL ROAD
    MILLBROOK,NY12545     		NONE PC EDUCATION 2,500
    NATIONAL LOUIS UNIVERSITY
    122 SOUTH MICHIGAN AVENUE
    CHICAGO,IL60603     		NONE PC EDUCATION 5,000
    NATURE CONSERVANCY OF WI
    4245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA22203     		NONE PC ENVIRONMENTAL 5,000
    NORTH SHORE COUNTRY DAY SCHOOL
    310 GREEN BAY ROAD
    WINNETKA,IL60093     		NONE PC EDUCATION 25,000
    NORTHSHORE UNIVERSITY HEALTHSYSTEM
    1033 UNIVERSITY PLACE SUITE 450
    EVANSTON,IL60201     		NONE PC MEDICAL 2,500
    NORTHWESTERN UNIVERSITY - ANNUAL FUND
    1201 DAVIS STREET
    EVANSTON,IL60208     		NONE PC EDUCATION 13,000
    NORTHWESTERN UNIVERSITY - JOSEPHINE LOUIS THEATER
    1201 DAVIS STREET
    EVANSTON,IL60208     		NONE PC EDUCATION 125,000
    PAWS CHICAGO
    1997 N CLYBOURN AVE
    CHICAGO,IL60614     		NONE PC CHARITABLE 200
    REHABILITATION INSTITUTE OF CHICAGO
    345 EAST SUPERIOR STREET
    CHICAGO,IL60611     		NONE PC CHARITABLE 3,000
    SAVE THE CHIMPS
    3000 SOUTH HEADER CANAL ROAD
    FORT PIERCE,FL34945     		NONE PC CHARITABLE 100
    SOCIETY OF THE FOUR ARTS
    2 FOUR ARTS PLAZA
    PALM BEACH,FL33480     		NONE PC ARTS AND HUMANITIES 1,000
    THE ART INSTITUTE OF CHICAGO
    111 SOUTH MICHIGAN AVENUE
    CHICAGO,IL60603     		NONE PC ARTS AND HUMANITIES 5,000
    THE GARDEN CONSERVANCY
    PO BOX 219
    COLD SPRING,NY10516     		NONE PC ENVIRONMENTAL 2,000
    THE PRAIRIE SCHOOL
    4050 LIGHTHOUSE DRIVE
    RACINE,WI53402     		NONE PC EDUCATION 4,000
    WILDSCREEN USA
    10 G STREET NE SUITE 710
    WASHINGTON,DC20002     		NONE PC ENVIRONMENTAL 500
    WILLIAMS COLLEGE
    75 PARK STREET
    WILLIAMSTOWN,MA01267     		NONE PC EDUCATION 25,000
    WTTW CHANNEL 11
    5400 NORTH ST LOUIS AVENUE
    CHICAGO,IL60625     		NONE PC CHARITABLE 500
    DAVID NALEN FOUNDATION
    200 PRINCETON SOUTH CORPORATE
    CENTER
    EWING,NJ08628     		NONE PC CHARITABLE 200
    MERIT SCHOOL OF MUSIC
    35 SOUTH PERORIA STREET
    CHICAGO,IL60607     		NONE PC CHARITABLE 100
    FIELD MUSEUM
    1400 SOUTH LAKE SHORE DRIVE
    CHICAGO,IL60605     		NONE PC CHARITABLE 100
    CAMBA
    1720 CHURCH AVE
    BROOKLYN,NY11226     		NONE PC CHARITABLE 1,500
    AMERICAN SOCIETY FOR PREVENTION
    424 EAST 92ND STREET
    NEW YORK,NY10128     		NONE PC CHARITABLE 100
    ANTI-CRUELTY SOCIETY
    157 W GRAND AVE
    CHICAGO,IL60654     		NONE PC CHARITABLE 100
    CAF AMERICA
    1800 DIAGONAL RD
    ALEXANDRIA,VA22314     		NONE PC CHARITABLE 15,939
    HOBART SMITH COLLEGE
    300 PULENEY STREET
    GENEVA,NY14456     		NONE PC CHARITABLE 2,500
    AMERICAN FRIENDS OF ETON COLLEGE
    7521 ROYAL OAK DRIVE
    MCLEAN,VA22102     		NONE PC CHARITABLE 16,000
    ANGLO AMERICAN
    227 W MONROE ST
    CHICAGO,IL60606     		NONE PC CHARITABLE 8,000
    US- UK FOUNDATION
    188 KIRTLING STREET
    LONDON,LONDON  
    UK     		NONE PC CHARITABLE 10,000
    AMERICAN FOR OXFORD
    500 FIFTH AVENUE
    NEW YORK,NY10110     		NONE PC CHARITABLE 10,000
    FIRST PRESBYTERIAN CHURCH OF DELRAY BEACH
    33 GLEASON STREET
    DELRAY BEACH,FL33483     		NONE PC CHARITABLE 200
    WILDLIFE CONSERVATION NETWORK
    209 MISSISSIPPI STREET
    SAN FRANCISCO,CA94107     		NONE PC CHARITABLE 300
    Total .................................bullet 3a 1,177,139
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 1  
    4 Dividends and interest from securities....     14 308,989  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 7,388  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 267,853  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 584,231 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13584,231
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
     
    Employer identification number

    36-3837993
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
          		Employer identification number

    36-3837993
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    JOHN J LOUIS JR CHARITABLE ANNUITY  
    MCGLADREY 1 S WACKER DR SUITE 800
     
    CHICAGO, IL60606

    		$432,948


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
          		Employer identification number

    36-3837993
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
          		Employer identification number

    36-3837993
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX & ACCOUNTING FEES 5,280 3,960   1,320

    TY 2014 AllOthProgRltdInvestmentsSch
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Category Amount
    NONE 0

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Name of Bond End of Year Book Value End of Year Fair Market Value
    TEMPLETON GLOBAL 684,224 810,791
    METROPOLITAN WEST 442,375 443,382
    SCOUT UNCONSTRAINED BD FUND 447,553 429,589

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Name of Stock End of Year Book Value End of Year Fair Market Value
    S.C. JOHNSON 8.5% PREFERRED STOCK 957,300 975,300
    TEMPLETON FOREIGN EQUITY 199,970 275,455
    SPDR S&P 500 ETF 552,438 1,070,863
    ASTON RIVER RD INDEPENDENT VALUE 194,220 186,314
    ASTON RIVER RD DIVIDEND ALL CAP VALUE FUND 421,279 694,685
    ABERDEEN EMERGING MARKETS INST. FUND 327,218 403,087
    JOHCM INTERNATIONAL SELECT FUND 548,754 782,458
    T ROWE PRICE NEW HORIZONS 270,000 368,281
    JPMORGAN ALERIAN MLP INDEX 137,710 145,845
    FRONTIER MFG GLOBAL EQUITY FUND 613,734 697,901

    TY 2014 InvestmentsOtherSchedule2
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BROWN ADVISORY STRATEGIC EUROPEAN EQUITY FUNDS AT COST 390,000 386,714
    SPDR BLACKSTONE AT COST 405,119 395,704
    AURORA OFFSHORE FUND LTD II AT COST 500,000 500,000
    EDGBASTON ASIAN EQUITY TRUST AT COST 544,224 557,553

    TY 2014 LegalFeesSchedule
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,565 0   6,565


    TY 2014 OtherAssetsSchedule
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 12,095 9,032 9,032
    CAPITAL GAINS DISTRIBUTION RECEIVABLE 50,500    


    TY 2014 OtherExpensesSchedule
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    US TRUST FEES 5,640 5,640   0
    PRIVATE BANK FEES 124 0   124
    IL FILING FEE 15 0   15


    TY 2014 OtherIncomeSchedule2
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    JP MORGAN ALERIAN MLP INDEX 7,388 7,388 7,388


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 63,696 63,696   0


    TY 2014 SubstantialContributorsSch
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Name Address
    JOHN J LOUIS CHARITABLE ANNUITY TRU MCGLADREY 1 S WACKER DR SUITE 800
    CHICAGO,IL60606


    TY 2014 TaxesSchedule
    Name:
    JOSEPHINE P & JOHN J LOUIS FOUNDATION
    EIN: 36-3837993
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX 11,982 0   0
    US TRUST - FOREIGN TAX 3,910 3,910   0
    FROM K-1 EDGBASTON ASIAN EQUITY TRUST- FOREIGN TAX 878 878   0