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
Ames-Amzalak Memorial Trust
 

Number and street (or P.O. box number if mail is not delivered to street address)180 Office Park Way   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Pittsford, NY14534
A Employer identification number

16-1530490
B Telephone number (see instructions)

(585) 232-7046
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$5,556,439J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 171,847 171,847  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 349,738
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........ 171,847 521,585  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 23,888 9,555   14,333
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 8,000 3,200   4,800
b Accounting fees (attach schedule)....... Click to see attachment 9,750 3,900   5,850
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 13 13    
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 2,768 2,046   722
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 44,419 18,714   25,705
25 Contributions, gifts, grants paid........ 327,015 327,015
26 Total expenses and disbursements. Add lines 24 and 25 371,434 18,714   352,720
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -199,587
b Net investment income (if negative, enter -0-) 502,871
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............... 476 1,005 1,005
2 Savings and temporary cash investments.......... 1,040,547 3,418,335 3,418,335
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)........ 3,180,768 Click to see attachment1,616,034 1,635,532
c Investments—corporate bonds (attach schedule)........ 1,166,887 Click to see attachment412,111 412,111
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........   Click to see attachment84,914 89,456
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) 5,388,678 5,532,399 5,556,439
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................... 5,388,678 5,532,399
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 5,388,678 5,532,399
31 Total liabilities and net assets/fund balances (see instructions).. 5,388,678 5,532,399
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 5,388,678
2 Enter amount from Part I, line 27a..................... 2 -199,587
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 349,738
4 Add lines 1, 2, and 3.......................... 4 5,538,829
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 6,430
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,532,399
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 Capital Gain Distribtuions for year P 2013-01-01 2014-12-31
b Williams Partners LP P 2014-12-09 2015-02-20
c Home Loan Servicing Solution P 2014-12-22 2015-03-09
d Home Loan Servicing Solution P 2014-12-09 2015-03-09
e Home Loan Servicing Solution P 2015-01-14 2015-03-27
MATTEL 353 SHARES P 2015-03-04 2015-03-27
Abbott Laboratories P 2002-07-16 2015-04-07
Abbie Inc P 2002-07-16 2015-04-07
Archer-Daniels-Midland Co P 2004-12-30 2015-04-07
Barclays Bank Plc 8.125% Preferred P 2008-04-10 2015-04-07
Bristol Myers Squibb Co P 2002-06-14 2015-04-07
Bristol Myers Squibb Co P 2002-07-16 2015-04-07
Bristol Myers Squibb Co P 2002-07-17 2015-04-07
Citigroup Fdg 8.125% P 2008-02-27 2015-04-07
Fannie Mae P 2007-11-26 2014-05-06
Fannie Mae 8.25% Preferred P 2007-12-07 2014-05-06
Fannie Mae 8.25% Preferred P 2008-02-27 2014-05-06
Freddie Mac 8.375% Preferred P 2007-12-07 2014-05-06
General Electric Co P 2001-09-26 2015-04-07
General Electric Co P 2002-06-19 2015-04-07
HSBC Holdings 8.125% Preferred P 2008-04-02 2015-04-07
Johnson & Johnson P 2002-07-24 2015-04-07
J P Morgan Chase & Co P 2002-07-26 2015-04-07
J P Morgan Chase & Co P 2002-10-02 2015-04-07
Nuveen Multi-Strategy Income and Growth Fund (JPC) P 2006-09-19 2015-04-07
Nuveen Multi-Strategy Income and Growth Fund (JPC) P 2006-09-20 2015-04-07
Nuveen Multi-Strategy Income and Growth Fund 2 (JQC) P 2006-09-19 2015-04-07
Nuveen Multi-Strategy Income and Growth Fund 2 (JQC) P 2006-09-20 2015-04-07
Nuveen Quality Preferred Income Fund P 2005-05-03 2015-04-07
Nuveen Quality Preferred Income Fund P 2005-10-12 2015-04-07
Adams Natural Res Fund (PEO) P 1999-02-02 2015-04-07
Adams Natural Res Fund (PEO) P 2000-12-27 2015-04-07
Adams Natural Res Fund (PEO) P 2002-06-05 2015-04-07
Adams Natural Res Fund (PEO) P 2002-12-27 2015-04-07
Pfizer Inc P 2004-12-21 2015-04-07
Pfizer Inc P 2005-01-24 2015-04-07
Wells Fargo & Co New P 1999-10-22 2015-04-07
Wells Fargo & Co New P 1999-12-23 2015-04-07
Wells Fargo & Co New P 2000-06-15 2015-04-07
Wells Fargo 8.00% Preferred P 2008-02-04 2015-04-07
Xerox Corp P 1999-12-23 2015-04-07
Xerox Corp P 2000-10-11 2015-04-07
Ally Financial Inc 8% (was gen mtrs acpt) P 2004-12-27 2014-06-26
Ally Financial Inc 8% (was gen mtrs acpt) P 2005-01-18 2014-06-26
General Electric Cap 4.3% Due 10/15/15 P 2009-10-01 2015-04-07
Goldman Sachs Group 5% Due 10/01/14 P 2010-05-05 2014-10-01
Goldman Sachs Sub Notes 6.75% Due 10/01/37 P 2008-02-21 2015-04-07
HSBC Fin Corp 4.45% Due 10/15/14 P 2009-10-01 2014-10-15
Lehman Bros Hldg Notes 7.25% Due 02/27/38 P 2008-02-21 2014-12-31
Merrill Lynch Senior Notes 6.40% Due 08/28/17 P 2008-02-21 2015-04-07
Merrill Lynch Cap Tr III 7.375% Due 09/15/62 P 2007-08-15 2015-04-07
Baird Core Plus Bond Inv P 2012-11-06 2015-04-07
Metropolitan West Total P 2012-11-06 2015-04-07
Pimco Total Return Fund P 2012-11-06 2015-04-07
Dreyfus Appreciation Fund P 2012-11-06 2015-04-07
Janus Ventures Fund CL T P 2012-11-06 2015-04-07
J P Morgan Equity Income A P 2012-11-06 2015-04-07
Principal Equity Income A P 2012-11-06 2015-04-07
Wells Fargo Advantahe Small Cap P 2012-11-06 2015-04-07
(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 40,064 0 0 40,064
b 3 0 3 0
c 2,884 0 3,101 -217
d 1,635 0 1,635 0
e 6,251 0 6,519 -268
7,967 0 10,217 -2,250
46,342 0 15,068 31,274
58,116 0 16,340 41,776
24,297 0 11,178 13,119
105,310 0 100,000 5,310
255,207 0 103,794 151,413
127,603 0 41,252 86,351
127,603 0 43,732 83,871
87,703 0 59,210 28,493
12,970 0 99,738 -86,768
51,006 0 126,750 -75,744
40,805 0 103,449 -62,644
53,753 0 128,760 -75,007
63,031 0 73,787 -10,756
63,031 0 72,149 -9,118
262,089 0 250,000 12,089
100,033 0 42,132 57,901
122,100 0 41,212 80,888
183,150 0 55,023 128,127
33,645 0 47,155 -13,510
91,291 0 128,555 -37,264
38,775 0 57,509 -18,734
79,128 0 118,096 -38,968
64,011 0 100,720 -36,709
72,546 0 108,295 -35,749
37,257 0 29,685 7,572
3,932 0 3,964 -32
75,793 0 77,315 -1,522
4,405 0 3,538 867
69,700 0 49,953 19,747
69,700 0 48,750 20,950
5,353 0 18,254 -12,901
21,520 0 65,512 -43,992
26,927 0 77,825 -50,898
72,992 0 65,610 7,382
25,274 0 41,442 -16,168
64,806 0 55,015 9,791
127,633 0 100,266 27,367
63,817 0 50,701 13,116
101,623 0 100,000 1,623
100,000 0 100,000 0
130,752 0 95,075 35,677
150,000 0 150,000 0
0 0 69,656 -69,656
110,636 0 100,630 10,006
104,508 0 100,000 4,508
133,341 0 133,000 341
132,640 0 133,000 -360
126,240 0 134,000 -7,760
179,649 0 150,000 29,649
85,888 0 75,000 10,888
202,941 0 150,000 52,941
205,848 0 150,000 55,848
62,784 0 75,000 -12,216
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 0 0 0 40,064
b 0 0 0 0
c 0 0 0 -217
d 0 0 0 0
e 0 0 0 -268
0 0 0 -2,250
0 0 0 31,274
0 0 0 41,776
0 0 0 13,119
0 0 0 5,310
0 0 0 151,413
0 0 0 86,351
0 0 0 83,871
0 0 0 28,493
0 0 0 -86,768
0 0 0 -75,744
0 0 0 -62,644
0 0 0 -75,007
0 0 0 -10,756
0 0 0 -9,118
0 0 0 12,089
0 0 0 57,901
0 0 0 80,888
0 0 0 128,127
0 0 0 -13,510
0 0 0 -37,264
0 0 0 -18,734
0 0 0 -38,968
0 0 0 -36,709
0 0 0 -35,749
0 0 0 7,572
0 0 0 -32
0 0 0 -1,522
0 0 0 867
0 0 0 19,747
0 0 0 20,950
0 0 0 -12,901
0 0 0 -43,992
0 0 0 -50,898
0 0 0 7,382
0 0 0 -16,168
0 0 0 9,791
0 0 0 27,367
0 0 0 13,116
0 0 0 1,623
0 0 0 0
0 0 0 35,677
0 0 0 0
0 0 0 -69,656
0 0 0 10,006
0 0 0 4,508
0 0 0 341
0 0 0 -360
0 0 0 -7,760
0 0 0 29,649
0 0 0 10,888
0 0 0 52,941
0 0 0 55,848
0 0 0 -12,216
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 2 349,738
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 -2,735
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 27,012 5,183,725 0.005211
2012 564,234 4,897,844 0.115200
2011 356,286 4,760,892 0.074836
2010 252,574 4,871,124 0.051851
2009 88,399 4,616,456 0.019149
2 Total of line 1, column (d) ...................... 2 0.266247
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 0.053249
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 5,320,402
5 Multiply line 4 by line 3....................... 5 283,306
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,029
7 Add lines 5 and 6......................... 7 288,335
8 Enter qualifying distributions from Part XII, line 4.............. 8 352,720
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 5,029
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 5,029
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 5,029
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 4,400
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 4400 7 4,400
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 629
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 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)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJAY R GELB COMPANY PC Telephone no.bullet (585) 232-7046
    Located atbullet180 Office Park Way Suite 2000PittsfordNY ZIP+4bullet14534
    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
    MYRL GELB Trustee
    10.00     		5,972 0 0
    1323 River Club Drive
    Vero Beach,FL32963
    JAY GELB Trustee
    10.00     		5,972 0 0
    180 Office Park Way Suite 2000
    Pittsford,NY14534
    ROBERT VIGDOR Trustee
    10.00     		5,972 0 0
    4 Great Oak Lane
    Pittsford,NY14534
    JUSTIN VIGDOR ESQ Trustee
    10.00     		5,972 0 0
    350 Linden Oaks Suite 310
    Rochester,NY14625
    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  
    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
    4,251,065
    b
    Average of monthly cash balances.......................
    1b
    1,150,358
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,401,423
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,401,423
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    81,021
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,320,402
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    266,020
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    266,020
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    5,029
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,029
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    260,991
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    260,991
    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
    260,991
    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
    352,720
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    352,720
    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
    5,029
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    347,691
    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 7 260,991
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012....... 127,662
    e From 2013.......  
    fTotal of lines 3a through e......... 127,662
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 352,720
    a Applied to 2013, but not more than line 2a  
    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..... 260,991
    e Remaining amount distributed out of corpus 91,729
    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 5 219,391
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		219,391
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012.... 127,662
    d Excess from 2013....  
    e Excess from 2014.... 91,729
    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).)
    NONE
    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.
    NONE
    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:
    MYRL S GELB
    c/o Jay R Gelb Company 180 Office P
    Pittsford,NY14534
    bThe form in which applications should be submitted and information and materials they should include:
     
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ABVI Goodwill
    422 Clinton Avenue S
    ROCHESTER,NY14620     		  N/A GENERAL 1,000
    Advertising Council of Rochester
    274 N Goodman St Suite B269
    ROCHESTER,NY14607     		  N/A GENERAL 1,000
    AFP of Genesee Valley Chapter
    PO BOX 425
    ROCHESTER,NY14559     		  N/A GENERAL 750
    Al Sigl Center
    1000 Elmwood Ave 300
    ROCHESTER,NY14620     		  N/A GENERAL 11,400
    Alzheimer's Association
    435 E Henrietta Road
    ROCHESTER,NY14620     		  N/A GENERAL 10,000
    American Cancer Society
    1120 S Goodman Street
    ROCHESTER,NY14620     		  N/A GENERAL 1,400
    Bivona Child Advocacy Center
    275 Lake Avenue
    ROCHESTER,NY14608     		  N/A GENERAL 3,000
    BOA Editions Limited
    250 N Goodman Street
    ROCHESTER,NY14626     		  N/A GENERAL 500
    Boy Scouts
    474 East Ave
    ROCHESTER,NY14626     		  N/A GENERAL 500
    Boys & Girls Clubs of Rochester
    500 Genesee St
    ROCHESTER,NY14611     		  N/A GENERAL 1,000
    Center for Youth Services
    905 Monroe Avenue
    ROCHESTER,NY14620     		  N/A GENERAL 2,500
    Community Food Cupboard of Rochester
    11 Nester Street
    ROCHESTER,NY14621     		  N/A GENERAL 500
    Place of Greater Rochester Inc
    145 Parsells Ave
    ROCHESTER,NY14609     		  N/A GENERAL 1,000
    Daystar
    47 Lochnavar Parkway
    PITTSFORD,NY14534     		  N/A GENERAL 3,000
    Do The Right Thing Program
    185 Exchange Blvd
    ROCHESTER,NY14614     		  N/A GENERAL 500
    Downstairs Cabaret Theatre
    20 Windsor Street
    ROCHESTER,NY14605     		  N/A GENERAL 750
    East House
    1701 Lac De Ville Blvd
    ROCHESTER,NY14618     		  N/A GENERAL 500
    Equicenter
    3247 Rush Mendon Road
    Honeoye Falls,NY14472     		  N/A GENERAL 2,000
    Free Partnerships
    304 Thornell Road
    PITTSFORD,NY14534     		  N/A GENERAL 3,500
    Genesee Community Charter School
    657 East Ave
    ROCHESTER,NY14607     		  N/A GENERAL 2,500
    GEVA Capital Campaign
    75 Woodbury Blvd
    ROCHESTER,NY14609     		  N/A GENERAL 3,000
    Geva Theatre Center
    75 Woodbury Blvd
    ROCHESTER,NY14609     		  N/A GENERAL 5,000
    Girl Scouts of Genesee Valley Inc
    1020 John Street
    West Henrietta,NY14586     		  N/A GENERAL 500
    Golisano Children's Hospital at Strong
    601 Elmwood Avenue
    ROCHESTER,NY14642     		  N/A & Additional NICU EquipmentEndowing room at NICU 55,000
    Grantmakers Forum of New York
    75 College Ave Ste 311
    ROCHESTER,NY14607     		  N/A GENERAL 1,500
    Hochstein School of Music & Dance
    50 Plymouth Avenue North
    ROCHESTER,NY14608     		  N/A GENERAL 3,000
    Hospice of Orleans
    14080 Route 31 West
    Albion,NY14411     		  N/A GENERAL 500
    Jewish Community Center
    1200 Edgewood Avenue
    ROCHESTER,NY14618     		  N/A Capital Campaign 40,000
    Jewish Community Center
    1200 Edgewood Avenue
    ROCHESTER,NY14618     		  N/A GENERAL 7,500
    Jewish Community Federation
    441 East Avenue 1
    ROCHESTER,NY14626     		  N/A GENERAL 6,000
    Jewish Family Service of Rochester Inc
    441 East Avenue
    ROCHESTER,NY14607     		  N/A GENERAL 12,500
    Jewish Home Foundation
    2021 Winton Road South
    ROCHESTER,NY14618     		  N/A GENERAL 1,500
    Jewish Home Foundation
    2021 Winton Road South
    ROCHESTER,NY14618     		  N/A Marian's House forAlzheimer patients 10,000
    LASS Girls Inc
    194 Field Road
    ROCHESTER,NY14620     		  N/A GENERAL 1,665
    LDA Life and Learning Services
    339 East Ave Ste 420
    ROCHESTER,NY14620     		  N/A GENERAL 1,000
    Lifespan
    1900 S Clinton Aveune
    ROCHESTER,NY14618     		  N/A GENERAL 2,000
    Lifetime Assistance Inc
    425 Paul Road
    ROCHESTER,NY14624     		  N/A GENERAL 2,000
    Literacy Volunteers of Rochester
    1600 South Ave 100
    ROCHESTER,NY14620     		  N/A GENERAL 1,000
    Lollypop Farm
    99 Victor Road
    Fairport,NY14450     		  N/A GENERAL 750
    Make A Wish Foundation
    righton Commons 1855 Monroe AveSuit
    ROCHESTER,NY14618     		  N/A GENERAL 600
    Mary Cariola Children's Center
    1000 Elmwood Ave 100
    ROCHESTER,NY14620     		  N/A GENERAL 16,500
    Mercy Flight Central
    2420 Brickyard Road
    Canandaigua,NY14424     		  N/A GENERAL 1,000
    Monroe Community College
    1000 East Henrietta Road
    ROCHESTER,NY14623     		  N/A Ames Amzalak Scholarship Fund 5,000
    National Kidney Foundation Rochester Chapter
    15 Prince Street
    ROCHESTER,NY14607     		  N/A GENERAL 1,200
    National Multiple Sclerosis Society
    1650 South Ave 100
    ROCHESTER,NY14620     		  N/A GENERAL 1,500
    Nazareth College
    4245 East Avenue
    ROCHESTER,NY14618     		  N/A Math & Science Building 5,000
    Nazareth College
    4245 East Avenue
    ROCHESTER,NY14618     		  N/A Ames Amzalak School of Health &Science Scholarship 5,000
    OASIS Adaptive Sports Inc
    4 Honeoye Cmns
    Honeoye,NY14471     		  N/A GENERAL 1,000
    Pluta Cancer Center
    125 Red Creek Dr 101
    ROCHESTER,NY14623     		  N/A GENERAL 1,000
    Prevention 1st Foundation Inc
    1 Grove Street
    PITTSFORD,NY14534     		  N/A GENERAL 1,000
    Rochester Association of Performing Arts
    727 East Main Street
    ROCHESTER,NY14605     		  N/A GENERAL 2,500
    Rochester Contemporary Art Center
    137 East Ave
    ROCHESTER,NY14604     		  N/A GENERAL 2,000
    Rochester Education Foundation
    250 Mill Street
    ROCHESTER,NY14614     		  N/A GENERAL 1,000
    Rochester Fringe Festival
    PO Box 10508
    ROCHESTER,NY14610     		  N/A GENERAL 25,000
    Rochester Hearing & Speech Center
    1000 Elmwood Avenue 400
    ROCHESTER,NY14620     		  N/A GENERAL 3,000
    Rochester Philharmonic Orchestra (RPO)
    108 East Ave
    ROCHESTER,NY14604     		  N/A GENERAL 1,000
    Seneca Park Zoo
    2222 St Paul Street
    ROCHESTER,NY14621     		  N/A African Lion Exhibit 2,500
    St Ann's Foundation
    1500 Portland Avenue
    ROCHESTER,NY14621     		  N/A GENERAL 2,500
    St John Fisher College
    3690 East Avenue
    ROCHESTER,NY14618     		  N/A GENERAL 2,000
    St John's Foundation
    150 Highland Ave
    ROCHESTER,NY14620     		  N/A GENERAL 1,500
    Temple B'rith Kodesh
    2131 Elmwood Avenue
    ROCHESTER,NY14618     		  N/A GENERAL 30,000
    The Children's Agenda
    1 S Washington Street
    ROCHESTER,NY14614     		  N/A GENERAL 2,000
    Traveling Cabaret of Irondequoit
    20 Onyx Drive
    Penfield,NY14526     		  N/A GENERAL 1,500
    Writers & Books
    740 University Ave
    ROCHESTER,NY14607     		  N/A GENERAL 1,000
    WXXI
    280 State Street
    ROCHESTER,NY14614     		  N/A Go Public" Capital Campaign 4,000
    WXXI
    280 State Street
    ROCHESTER,NY14614     		  N/A Annual Membership Support 5,000
    Total .................................bullet 3a 327,015
    bApproved for future payment
    Monroe Community College - Ames Amzalak Scholarship Fund
    1000 East Henrietta Road
    ROCHESTER,NY14623     		  N/A Scholarship Fund 10,000
    Golisano Children's Hospital
    601 Elmwood Avenue
    ROCHESTER,NY14642     		  N/A Endowing a room at NICU 40,000
    Jewish Home Foundation
    2021 South Winton Road
    ROCHESTER,NY14618     		  N/A Marian House for Alzheimer Patient 10,000
    Ames Amzalak Health & Human Sevices Scholarship at Nazareth College
    4245 East Avenue
    ROCHESTER,NY14618     		  N/A Scholarship Fund 10,000
    Al Sigl Center Capital Campaign
    1000 Elmwood Avenue 300
    ROCHESTER,NY14620     		  N/A CAPITAL CAMPAIGN 30,000
    Geva Capital Campaign
    75 Woodbury Blvd
    Rochester,NY14609     		  N/A Theater CAPITAL CAMPAIGN 3,000
    WXXI
    280 State St
    Rochester,NY14614     		  N/A Annual Membership SUpportUNRESTRICTED 8,000
    Nazareth College Health & Science Building
    4245 East Avenue
    ROCHESTER,NY14618     		  N/A Math & Science Building 5,000
    Bivona Child Advocacy Center
    275 Lake Avenue
    ROCHESTER,NY14608     		  N/A GENERAL 12,000
    Daystar
    47 Lochnavar Parkway
    PITTSFORD,NY14534     		  N/A GENERAL 12,000
    Genesee Community Charter School
    657 East Ave
    ROCHESTER,NY14607     		  N/A GENERAL 2,500
    Jewish Community Center
    1200 Edgewood Avenue
    ROCHESTER,NY14618     		  N/A CAPITAL CAMPAIGN 160,000
    Jewish Family Service of Rochester Inc
    441 East Avenue
    Rochester,NY14607     		  N/A GENERAL 10,000
    Jewish Senior Life
    2021 S Winton Rd
    Rochester,NY14618     		  N/A GENERAL 100,000
    Lifetime Assistance Inc
    425 Paul Road
    Rochester,NY14624     		  N/A GENERAL 4,000
    Mary Cariola Children's Center
    1000 Elmwood Ave 100
    Rochester,NY14620     		  N/A GENERAL 150,000
    Tempro - Temple B'rith Kodesh
    2131 Elmwood Ave
    Rochester,NY14618     		  N/A GENERAL 7,500
    Rochester Association of Performing Arts
    727 East Main Street
    ROCHESTER,NY14605     		  N/A GENERAL 2,500
    Total .................................bullet 3b 576,500
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities.... 900001   14 171,847  
    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 .............     		         
    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)..   171,847  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13171,847
    (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:  
    Part VI Line 7 - Tax Paid with the Original Return: 4,400


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    Ames-Amzalak Memorial Trust
    EIN: 16-1530490
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    JAY R. GELB & COMPANY, P.C. ACCOUNTING 9,750 3,900   5,850

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    Ames-Amzalak Memorial Trust
    EIN: 16-1530490
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Berkshire Hathaway Fin DTD 10/15/13 2.9% 10/15/20 26,386 26,386
    Blackrock Inc DTD 5/25/12 3.375% 6/1/22 26,530 26,530
    Boeing Co DTD 10/31/14 2.35% 10/30/21 25,512 25,512
    Chevron Corp DTD 6/24/13 3.191% 6/24/23 26,162 26,162
    JP Morgan Chase & Co DTD 9/24/12 3.25% 9/23/22 25,565 25,565
    Merck & Company Inc DTD 5/20/13 2.8% 5/18/23 25,658 25,658
    Oracle Corp DTD 10/25/12 2.5% 10/15/22 25,071 25,071
    Walmart Stores Inc DTD 4/11/13 2.55% 4/11/23 25,301 25,301
    Walt Disney Company MTN DTD 11/30/12 2.35% 12/1/22 25,116 25,116
    Wells Fargo & Co MTN DTD 2/2/15 2.15% 1/30/20 25,103 25,103
    Bank of NY Mellon MTN DTD 9/23/11 3.55% 9/23/21 26,692 26,692
    Caterpillar Financial SR MTN STS 8/20/14 2.75% 8/20/21 25,704 25,704
    Coca-Cola Co DTD 8/10/11 3.3% 9/1/21 26,719 26,719
    Colgate-Palmolive Co MTN DTD 11/3/10 2.95% 11/1/20 26,583 26,583
    John Deere Capital Corp DTD 3/10/15 2.05% 3/10/20 25,242 25,242
    Kimberly-Clark Corp DTD 5/23/13 2.4% 6/1/23 24,767 24,767

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    Ames-Amzalak Memorial Trust
    EIN: 16-1530490
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Ishares Tips Bond ETF 24,705 25,159
    E I Dupont De Numours & CO 9,595 9,516
    International Paper Co 10,157 10,046
    Scotts Miracle-Gro Company 10,439 10,773
    Sonoco Products Co 9,802 9,876
    General Electric Company 23,725 25,482
    Lockheed Martin Corporation 18,440 17,727
    Waste Management Incorporated 13,840 13,373
    AT&T Inc 9,627 9,976
    Centurylink Incorporated 7,242 6,760
    Coach Inc 11,858 12,265
    Darden Restaurants Inc 9,250 9,884
    Leggett & Platt Inc 10,054 9,938
    McDonald's Corporation 9,410 9,365
    Altria Group Inc 17,394 16,917
    Clorox Company 8,050 8,170
    Philip Morris International Inc 13,710 13,689
    Sysco Corp 10,014 9,295
    Unilever PLC Sponsored ADR 15,769 16,476
    Chevron Corp 18,528 19,213
    Conocophillips 6,773 7,064
    Occidental Petroleum Corp 8,521 8,811
    Royral Dutch Shell PLC 7,632 7,485
    Spectra Energy Corporation 14,193 14,975
    Blackstone MTG TR Inc 7,628 8,021
    Digital Realty Trust Inc 11,989 11,160
    FS Investment Corp 7,067 7,350
    Gallagher Arthur J & Co 15,090 15,162
    JP Morgan Chase & Co 26,352 27,581
    Old Republic Intl Corp 15,321 16,100
    One Beacon Insurance Group LTD 8,968 8,445
    Peoples United Financial Inc 20,909 21,305
    Plum Creek Timber Co Inc 15,378 15,234
    Starwood Property Trust Incorporated 12,850 12,965
    Umpqua Holdings Corporation 13,848 14,101
    Wells Fargo & Co 17,600 18,018
    Bristol-Myers Squibb Co 18,255 18,928
    Johnson & Johnson 20,166 19,046
    Lilly Elo & Company 17,071 17,321
    Merck & Company Inc 18,652 18,464
    Pfizer Inc 18,067 18,797
    Apple Inc 8,883 9,637
    CA Inc 10,293 10,484
    Cisco Systems Inc 21,269 21,795
    Maxim Integrated Prods Inc 11,605 11,852
    Microchip Technology Inc 9,153 9,436
    Dominion Resources Inc 8,380 8,100
    Nextra Energy Incorporated 6,818 6,560
    Southern Co 11,383 10,455
    Westar Energy Inc 7,995 7,492
    Ishares MSCI EAFE ETF 145,825 158,626
    Ishares MSCI EAFE ETF GROWTH 69,696 68,461
    Ishares MSCI EAFE Small-Cap ETF 36,505 37,919
    Ishares MSCI EAFE VALUE ETF 69,521 68,512
    Ishares MSCI Emerging Markets ETF 80,184 82,115
    Ishares Global Energy ETF 25,929 27,835
    Ishares Russell Mid-Cap ETF 49,391 51,447
    Ishares Russell 1000 Growth ETF 262,725 260,088
    Ishares Russell 2000 ETF 49,999 51,502
    Ishares Russell 2000 Growth ETF 16,771 16,327
    Ishares Russell 2000 Value ETF 9,343 9,157
    Ishares Russell Mid-Cap Growth ETF 67,267 66,358
    Ishares Russell Mid-Cap Value ETF 23,011 22,758
    Powershares DB Commodity Index Tracking Fund 25,041 24,966
    Vanguard REIT ETF 25,108 23,417

    TY 2014 InvestmentsOtherSchedule2
    Name:
    Ames-Amzalak Memorial Trust
    EIN: 16-1530490
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Enterprise Products Partners LP   28,120 28,976
    Magellan Midstream Partners LP   22,868 24,382
    Western Gas Partners LP   25,329 27,552
    Williams Partners LP   8,597 8,546

    TY 2014 LegalFeesSchedule
    Name:
    Ames-Amzalak Memorial Trust
    EIN: 16-1530490
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOYLAN, BROWN, CODE, VIGDOR & WILSON, LLP LEGAL 8,000 3,200   4,800


    TY 2014 OtherDecreasesSchedule
    Name:
    Ames-Amzalak Memorial Trust
    EIN: 16-1530490
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    Ames-Amzalak Memorial Trust
    EIN: 16-1530490
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS FILING FEE 250     250
    Office Expense 472     472
    Investment Fees 2,046 2,046    


    TY 2014 OtherIncreasesSchedule
    Name:
    Ames-Amzalak Memorial Trust
    EIN: 16-1530490
    Description Amount
       


    TY 2014 TaxesSchedule
    Name:
    Ames-Amzalak Memorial Trust
    EIN: 16-1530490
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes Dividends Paid 13 13