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
FIRST HOSPITAL FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)230 SOUTH BROAD STREET NO 810   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA19102
A Employer identification number

23-2904262
B Telephone number (see instructions)

(215) 546-4290
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$44,099,514J 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 698 698  
4 Dividends and interest from securities...... 287,196 871,184  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,682,023
b Gross sales price for all assets on line 6a 6,969,949
7 Capital gain net income (from Part IV, line 2)... 1,098,035
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 341,127 1,618,683  
12 Total. Add lines 1 through 11........ 2,311,044 3,588,600  
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 1,860 93   1,768
b Accounting fees (attach schedule)....... Click to see attachment 56,185 22,104   34,081
c Other professional fees (attach schedule).... Click to see attachment 79,594 66,754   12,840
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 81,854 0   0
19 Depreciation (attach schedule) and depletion... 2,981 0  
20 Occupancy.............. 31,272 1,564   18,675
21 Travel, conferences, and meetings....... 16,424 0   16,810
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 266,030 29,279   233,616
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 536,200 119,794   317,790
25 Contributions, gifts, grants paid........ 1,151,087 1,295,632
26 Total expenses and disbursements. Add lines 24 and 25 1,687,287 119,794   1,613,422
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 623,757
b Net investment income (if negative, enter -0-) 3,468,806
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............... 3,664 6,051 6,051
2 Savings and temporary cash investments.......... 1,371,521 771,284 771,284
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........... 4,471 6,611 6,611
10a Investments—U.S. and state government obligations (attach schedule) 1,939,709 Click to see attachment2,027,342 2,027,342
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet38,621
Less: accumulated depreciation (attach schedule) bullet14,362 286 24,259 24,259
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 40,683,176 Click to see attachment41,234,867 41,234,867
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment17,767 Click to see attachment29,100 Click to see attachment29,100
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 44,020,594 44,099,514 44,099,514
Liabilities 17 Accounts payable and accrued expenses.......... 42,799 41,731
18 Grants payable.................. 322,856 178,311
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) Click to see attachment185,000 Click to see attachment115,572
23 Total liabilities (add lines 17 through 22).......... 550,655 335,614
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 43,469,939 43,763,900
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)...... 43,469,939 43,763,900
31 Total liabilities and net assets/fund balances (see instructions).. 44,020,594 44,099,514
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 43,469,939
2 Enter amount from Part I, line 27a..................... 2 623,757
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 83,000
4 Add lines 1, 2, and 3.......................... 4 44,176,696
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 412,796
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 43,763,900
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b K1 PASSTHROUGH - ADVISORY RESEARCH SMALL/MID CAP P    
c K1 PASSTHROUGH - THE COLCHESTER GLOBAL BOND FUND P    
d K1 PASSTHROUGH - GRYPHON INTERNATIONAL EAFE GROWTH FUND P    
e K1 PASSTHROUGH - HARBOR INTERNATIONAL FUND P    
K1 PASSTHROUGH - PIMCO COMMODITY REAL RETURN STRAT INST P    
K1 PASSTHROUGH - RCP FUND VIII FEEDER, LTD. P    
K1 PASSTHROUGH - SANKATY SENIOR LOAN FUND, LP P    
K1 PASSTHROUGH - TIFF PRIVATE EQUITY PARTNERS 2008, LLC P    
K1 PASSTHROUGH - TIFF PRIVATE EQUITY PARTNERS 2009, LLC P    
K1 PASSTHROUGH - TIFF PRIVATE EQUITY PARTNERS 2011, LLC P    
CAPITAL GAIN DISTRIBUTIONS 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 6,969,949   6,969,949 0
b       243,132
c       15,024
d       475,120
e       467,721
      -380,793
      35,140
      1,534
      116,612
      35,164
      89,381
      0
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
b       243,132
c       15,024
d       475,120
e       467,721
      -380,793
      35,140
      1,534
      116,612
      35,164
      89,381
      0
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 1,098,035
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 1,733,309 41,111,984 0.042161
2012 1,784,580 38,406,888 0.046465
2011 1,715,436 38,584,616 0.044459
2010      
2009      
2 Total of line 1, column (d) ...................... 2 0.133085
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 0.044362
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 44,365,087
5 Multiply line 4 by line 3....................... 5 1,968,124
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 34,688
7 Add lines 5 and 6......................... 7 2,002,812
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,613,422
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 69,376
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 69,376
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 69,376
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 54,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 64,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 118,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 48,624
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet48,624 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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
     
    No
    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)
    bulletPA
    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 addressbulletWWW.FIRSTHOSPITALFDN.ORG
    14
    The books are in care ofbulletANN MARIE HEALY EXECUTIVE DIRECTOR Telephone no.bullet (215) 546-4290
    Located atbullet230 SOUTH BROAD STREET SUITE 810PHILADELPHIAPA ZIP+4bullet19102
    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
    JULIA R DUTTON CHAIR
    3.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    JANE G PEPPER THRU 0414 VICE CHAIR
    0.50     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    ESTELLE B RICHMAN BEGINNING 0514 VICE CHAIR
    2.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    KEITH KASPER THRU 0414 TREASURER
    0.50     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    PAMELA A STRISOFSKY0514 THRU 0814 TREASURER
    1.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    THERESA LARIVEE 0914 THRU 0914 TREASURER
    0.50     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    PETER A THOMPSON BEGINNING 1014 TREASURER
    1.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    SUZANNE SHEEHAN BECKER THRU 0414 SECRETARY
    1.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    R MICHAEL BUCKLEY BEGINNING 0514 SECRETARY
    1.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    RONNIE L BLOOM DIRECTOR
    1.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    MORRISON C HUSTON JR DIRECTOR
    0.50     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    HELEN L COONS RESIGNED APRIL 2014 DIRECTOR
    0.50     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    LOREE D JONES DIRECTOR
    1.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    JOAN KENNERSON KING DIRECTOR
    1.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    LAWRENCE T MANGAN DIRECTOR
    0.50     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    A SCOTT MCNEAL DIRECTOR
    1.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    SUSAN E PHILLIPS DIRECTOR
    2.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    WANDA RONNER DIRECTOR
    1.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    DAVID J WILLIAMS DIRECTOR
    2.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    SHELLY D YANOFF DIRECTOR
    1.00     		0 0 0
    230 SOUTH BROAD STREET
    PHILADELPHIA,PA19102
    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
    HEALTH FEDERATION OF PHILADELPHIA EMPLOYMENT SERVICES 237,985
    1211 CHESTNUT STREET SUITE 801
    PHILADELPHIA,PA19107
    COLONIAL CONSULTING LLC INVESTMENT ADVISORS 66,544
    750 THIRD AVENUE 20TH FLOOR
    NEW YORK,NY10017
    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.........................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
    44,723,288
    b
    Average of monthly cash balances.......................
    1b
    317,409
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    45,040,697
    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
    45,040,697
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    675,610
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    44,365,087
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,218,254
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,218,254
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    69,376
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
    528
    c
    Add lines 2a and 2b............................
    2c
    69,904
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,148,350
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,148,350
    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
    2,148,350
    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
    1,613,422
    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
    1,613,422
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,613,422
    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 2,148,350
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 525,337
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,613,422
    a Applied to 2013, but not more than line 2a 525,337
    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..... 1,088,085
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		1,060,265
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    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:
    SEE FOUNDATION WEBSITE FOR DETAILS
    230 S BROAD STREET SUITE 810
    PHILADELPHIA,PA19102
    (215) 546-4290
    INFO@FIRSTHOSPITALFDN.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    SEE FOUNDATION WEBSITE FOR DETAILS
    cAny submission deadlines:
    SEE FOUNDATION WEBSITE FOR DETAILS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE FOUNDATION WEBSITE FOR DETAILS
    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
    ANTI-VIOLENCE PARTNERSHIP OF PHILADELPHIA
    2000 HAMILTON STREET SUITE 304
    PHILADELPHIA,PA19130     		NONE PC AVP COUNSELING CENTER 25,000
    ATTIC YOUTH CENTER
    255 SOUTH 16TH STREET
    PHILADELPHIA,PA19102     		NONE PC MENTAL HEALTH COUNSELING 30,000
    BENEFITS DATA TRUST
    2 LOGAN SQUARE SUITE 550
    PHILADELPHIA,PA19103     		NONE PC PA BENEFITS CENTER 30,000
    BETHESDA PROJECT
    1630 SOUTH STREET
    PHILADELPHIA,PA19146     		NONE PC GENERAL OPERATING SUPPORT 10,000
    BRANDYWINE HEALTH FOUNDATION
    50 SOUTH 1ST AVENUE
    COATESVILLE,PA19320     		NONE PC MENTAL HEALTH FIRST AID PROGRAM 15,000
    CANCER SUPPORT COMMUNITY GREATER PHILADELPHIA
    4100 CHAMOUNIX DRIVE
    PHILADELPHIA,PA19131     		NONE PC PSYCHOSOCIAL CANCER SUPPORT FOR NORTH PHILADELPHIA FAMILIES 30,000
    CENTER FOR ADVOCACY FOR THE RIGHTS AND INTERESTS OF THE ELDERLY (CARIE)
    1500 JFK BOULEVARD SUITE 1500
    PHILADELPHIA,PA19102     		NONE PC CARIE LINE 25,000
    THE CENTER FOR AUTISM
    3905 FORD ROAD SUITE 6
    PHILADELPHIA,PA191315469     		NONE PC GENERAL OPERATING SUPPORT 25,000
    CHESPENN HEALTH SERVICES
    2600 WEST 9TH STREET 2 NORTH
    CHESTER,PA19013     		NONE PC INTEGRATION OF BEHAVIORAL AND PRIMARY HEALTH CARE SERVICES 40,000
    CHILDREN'S CRISIS TREATMENT CENTER
    1080 NORTH DELAWARE AVENUE SUITE
    600
    PHILADELPHIA,PA19125     		NONE PC CCTC'S EXPANSION SERVICES TO MONTGOMERY COUNTY 30,000
    COMMUNITY VOLUNTEERS IN MEDICINE
    200 B LAWRENCE DRIVE
    WEST CHESTER,PA19380     		NONE PC DIABETES PROGRAM 30,000
    DAEMION COUNSELING CENTER
    95 HOWELLVILLE ROAD
    BERWYN,PA19312     		NONE PC STUDENT AND FAMILY EMPOWERMENT PROGRAM 5,000
    DREXEL UNIVERSITY SCHOOL OF PUBLIC HEALTH CENTER FOR HUNGER-FREE COMMUNIT
    1505 RACE STREET BELLET BUILDING
    11TH FLOOR MAIL STOP 1035
    PHILADELPHIA,PA19102     		NONE PC A TRAUMA-INFORMED TANF: INTEGRATING SELF PEER SUPPORT GROUPS TO IMPROVE MATERNAL AND CHILD HEALTH 46,156
    EAGLES CHARITABLE FOUNDATION INC
    ONE NOVACARE WAY NOVACARE COMPLEX
    PHILADELPHIA,PA19145     		NONE PC GIVE KIDS SIGHT DAY 14,000
    EAGLES YOUTH PARTNERSHIP
    ONE NOVACARE WAY NOVACARE COMPLEX
    PHILADELPHIA,PA19145     		NONE PC EAGLES EYE MOBILE PROGRAM 35,000
    FAMILY SUPPORT LINE
    100 WEST SIXTH STREET
    MEDIA,PA19063     		NONE PC DELAWARE COUNTY CHILDREN'S ADVOCACY CENTER 30,000
    THE FOUNDATION FOR ENHANCING COMMUNITIES
    200 N 3RD STREET 8TH FLOOR
    HARRISBURG,PA17108     		NONE PC PENNSYLVANIA COALITION FOR ORAL HEALTH 5,000
    GARCES FOUNDATION
    212 RACE STREET SUITE 1A
    PHILADELPHIA,PA19106     		NONE PC COMMUNITY ORAL HEALTH PROGRAM 20,000
    GEARING UP
    1221 LOCUST STREET SUITE 105
    PHILADELPHIA,PA19107     		NONE PC COMMUNITY PROGRAMS AND IMPACT EVALUATION 10,000
    GRANTMAKERS IN HEALTH
    1100 CONNECTICUT AVENUE NW SUITE
    1200
    WASHINGTON,DC20036     		NONE PC FIFTY PERCENT OF ANNUAL MEMBERSHIP 1,898
    HEALTH CARE ACCESS (FORMER PHOENIXVILLE HEALTHCARE ACCESS FOUNDATION)
    723 WHEATLAND STREET
    PHOENIXVILLE,PA19460     		NONE PC DENTAL PROGRAM 25,000
    HEALTHLINK MEDICAL CENTER
    1775 STREET ROAD
    SOUTHAMPTON,PA18966     		NONE PC GENERAL OPERATING SUPPORT 20,000
    KEYSTONE CARE
    8765 STENTON AVENUE
    WYNDMOOR,PA19038     		NONE PC GENERAL OPERATING SUPPORT 25,000
    LEGAL AID OF SOUTHEASTERN PENNSYLVANIA
    625 SWEDE STREET
    NORRISTOWN,PA19401     		NONE PC STEPS TO SECURITY PROGRAM 20,000
    LEGAL CLINIC FOR THE DISABLED
    1513 RACE STREET
    PHILADELPHIA,PA19102     		NONE PC MEDICAL LEGAL PARTNERSHIP INITIATIVE 30,000
    LUTHERAN CHILDREN AND FAMILY SERVICE OF EASTERN PENNSYLVANIA
    5401 RISING SUN AVENUE
    PHILADELPHIA,PA19120     		NONE PC PHILADELPHIA REFUGEE MENTAL HEALTH COLLABORATIVE 20,000
    MATERNAL AND CHILD HEALTH CONSORTIUM
    30 WEST BARNARD STREET SUITE 1
    WEST CHESTER,PA19382     		NONE PC GENERAL OPERATING SUPPORT 35,000
    METROPOLITAN AREA NEIGHBORHOOD NUTRITION ALLIANCE
    2323 RANSTEAD ST
    PHILADELPHIA,PA19103     		NONE PC COMPREHENSIVE NUTRITION SUPPORT FOR THE CRITICALLY ILL 25,000
    MISSION KIDS - CHILD ADVOCACY CENTER OF MONTGOMERY COUNTY
    PO BOX 413
    BLUE BELL,PA19422     		NONE PC CASE COORDINATOR 40,000
    NATIONALITIES SERVICE CENTER
    1216 ARCH STREET 4TH FLOOR
    PHILADELPHIA,PA19107     		NONE PC DOMESTIC VIOLENCE PROGRAM 30,000
    NORTHEAST TREATMENT CENTER
    499 N 5TH STREET SUITE A
    PHILADELPHIA,PA19123     		NONE PC EMERGENCY FAMILY FUND 15,000
    PENNSYLVANIA HOSPITAL
    800 SPRUCE STREET
    PHILADELPHIA,PA19107     		NONE PC HISTORIC PRESERVATION EFFORTS 98,498
    PENNSYLVANIA HOSPITAL ABRAMSON CANCER CENTER
    800 SPRUCE STREET
    PHILADELPHIA,PA19107     		NONE PC JOAN KARNELL SUPPORTIVE CARE PROGRAM 10,000
    PENNSYLVANIA HOSPITAL DEPARTMENT OF OBSTETRICS & GYNECOLOGY
    800 SPRUCE STREET
    PHILADELPHIA,PA19107     		NONE PC LATINA COMMUNITY HEALTH PROGRAM 96,688
    PENNSYLVANIA HOSPITAL DIABETES EDUCATION CENTER
    800 SPRUCE STREET
    PHILADELPHIA,PA19107     		NONE PC CERTIFIED HEALTH EDUCATION SPECIALIST, DIABETES EDUCATION PROGRAM 34,318
    PHILADELPHIA CHILDREN'S ALLIANCE
    42 SOUTH 15TH STREET SUITE 300
    PHILADELPHIA,PA19102     		NONE PC VICTIM ADVOCACY AND MENTAL HEALTH SERVICES 20,000
    PHILADELPHIA LEGAL ASSISTANCE CENTER
    718 ARCH STREET SUITE 300N
    PHILADELPHIA,PA19106     		NONE PC PHILADELPHIA'S MEDICAL-LEGAL-COMMUNITY PARTNERSHIP 10,000
    PHILANTHROPHY NETWORK GREATER PHILADELPHIA
    230 SOUTH BROAD STREET SUITE 402
    PHILADELPHIA,PA19102     		NONE PC FIFTY PERCENT OF ANNUAL MEMBERSHIP 2,063
    RESOURCES FOR HUMAN DEVELOPMENT
    4700 WISSAHICKON AVENUE
    PHILADELPHIA,PA19144     		NONE PC FEDERAL HEALTH INSURANCE NAVIGATION PROGRAM 20,000
    RESOURCES FOR HUMAN DEVELOPMENT FOR HEALTH NEWSWORKS
    4700 WISSAHICKON AVENUE
    PHILADELPHIA,PA19144     		NONE PC GENERAL OPERATING SUPPORT 20,000
    SALUS UNIVERSITY THE EYE INSTITUTE
    8360 OLD YORK ROAD
    ELKINS PARK,PA19027     		NONE PC VISION CARE SERVICES FOR CHILDREN IN THE PHILADELPHIA PUBLIC SCHOOLS 20,000
    ST CHRISTOPHER'S FOUNDATION FOR CHILDREN
    1800 JOHN F KENNEDY BOULEVARD SUITE
    1550
    PHILADELPHIA,PA19103     		NONE PC COMMUNITY ORAL HEALTH INITIATIVE 10,000
    SUNDAY SUPPERS A DIVISION OF SHARE FOOD PROGRAM
    7203 LINCOLN DRIVE
    PHILADELPHIA,PA19119     		NONE PC SUNDAY SUPPERS 30,000
    SUPPORT CENTER FOR CHILD ADVOCATES
    1900 CHERRY STREET
    PHILADELPHIA,PA19103     		NONE PC GENERAL OPERATING SUPPORT 30,000
    UNIVERSITY OF PENNSYLVANIA URBAN NUTRITION INITIATIVE
    3451 WALNUT STREET SUITE 221
    PHILADELPHIA,PA19104     		NONE PC GROWING TOGETHER FOR HEALTHY COMMUNITIES 20,000
    VISITING NURSE ASSOCIATION - COMMUNITY SERVICES
    1421 HIGHLAND AVENUE
    ABINGTON,PA19001     		NONE PC CHILDREN'S HEALTH CENTER 20,000
    WEAVERS WAY COMMUNITY PROGRAMS
    559 CARPENTER LANE
    PHILADELPHIA,PA19119     		NONE PC HOPE GARDEN - FAMILY/ADULT PROGRAM 40,000
    WHY NOT PROSPER
    PO BOX 949
    NORRISTOWN,PA19404     		NONE PC DOMESTIC VIOLENCE PROGRAM AT RIVERSIDE CORRECTIONAL FACILITY 4,000
    WOMEN'S COMMUNITY REVITALIZATION PROJECT
    100 WEST OXFORD STREET
    PHILADELPHIA,PA19122     		NONE PC TENANT SERVICES: STABLE HOUSING FOR FAMILY WELL-BEING 15,000
    WOMEN'S MEDICAL FUND
    1211 CHESTNUT STREET SUITE 700
    PHILADELPHIA,PA19107     		NONE PC HELP LINE SERVICE ENHANCEMENT 39,000
    WOMEN'S THERAPY CENTER
    1315 WALNUT STREET SUITE 1004
    PHILADELPHIA,PA19107     		NONE PC PSYCHOTHERAPY FOR LOW-INCOME WOMEN 14,000
    Total .................................bullet 3a 1,295,621
    bApproved for future payment
    FAMILY SUPPORT LINE
    100 WEST SIXTH STREET
    MEDIA,PA19063     		NONE PC DELAWARE COUNTY CHILDREN'S ADVOCACY CENTER 35,000
    NATIONALITIES SERVICE CENTER
    1216 ARCH STREET 4TH FLOOR
    PHILADELPHIA,PA17108     		NONE PC DOMESTIC VIOLENCE PROGRAM 30,000
    PENNSYLVANIA HOSPITAL
    800 SPRUCE STREET
    PHILADELPHIA,PA17108     		NONE PC HISTORIC PRESERVATION EFFORTS 63,311
    RESOURCES FOR HUMAN DEVELOPMENT FOR HEALTH NEWSWORKS
    4700 WISSAHICKON AVENUE
    PHILADELPHIA,PA19144     		NONE PC GENERAL OPERATING SUPPORT 20,000
    SUNDAY SUPPERS A DIVISION OF SHARE FOOD PROGRAM
    7203 LINCOLN DRIVE
    PHILADELPHIA,PA19119     		NONE PC SUNDAY SUPPERS 30,000
    Total .................................bullet 3b 178,311
    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 ............     		    14 698  
    4 Dividends and interest from securities.... 525990 1,239 14 285,957  
    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..... 525990 1,752 01 1,616,931  
    8
    Gain or (loss) from sales of assets other than inventory .............     		525990 23,264 18 1,658,759  
    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).. 26,255 3,562,345 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,588,600
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 56,185 22,104   34,081

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    US Government Securities - End of Year Book Value:

    2,027,342
    US Government Securities - End of Year Fair Market Value:

    2,027,342
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2014 InvestmentsOtherSchedule2
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIXED INCOME BONDS-LOOMIS CORE PLUS BOND FUND FMV 3,821,167 3,821,167
    FIXED INCOME BONDS-SANKATY SENIOR LOAN FUND FMV 1,302,272 1,302,272
    EQUITY FUNDS-ABERDEEN EMERGING MARKETS FMV 2,221,362 2,221,362
    EQUITY FUNDS-ARTISAN MID CAP FUND INST SH FMV 3,325,144 3,325,144
    EQUITY FUNDS-BMO SMALL-CAP GROWTH FUND INST FMV 1,100,340 1,100,340
    EQUITY FUNDS-HARBOR INTERNATIONAL FUND-INST FMV 0 0
    EQUITY FUNDS-PIMCO COMMODITY/REAL RETURN FMV 0 0
    HEDGE FUNDS-PIMCO STOCK PLUS LP B FMV 4,623,070 4,623,070
    HEDGE FUNDS-GRYPHON INTERNATIONAL EAFE GROWTH FUND FMV 3,724,494 3,724,494
    HEDGE FUNDS-IRIDIAN PRIVATE EQUITY FMV 2,974,293 2,974,293
    HEDGE FUNDS-ADVISORY SMALL/MID CAP VALUE II FMV 1,103,908 1,103,908
    HEDGE FUNDS-FORESTER OFFSHORE LTD CLASS B 1/10 FMV 2,746,969 2,746,969
    HEDGE FUNDS-FORESTER OFFSHORE LTD CLASS A 10/09 FMV 1,700,431 1,700,431
    PRIVATE EQUITY-TIFF PRIVATE EQUITY PARTNERS 2008, LLC FMV 1,183,040 1,183,040
    PRIVATE EQUITY-TIFF PRIVATE EQUITY PARTNERS 2009, LLC FMV 668,283 668,283
    PRIVATE EQUITY-TIFF PRIVATE EQUITY PARTNERS 2011, LLC FMV 728,879 728,879
    REAL ESTATE FUNDS-MADISON INTERNATIONAL REAL ESTATE LIQUIDITY FUND FMV 842,033 842,033
    REAL ESTATE FUNDS-BPG FUND IX FMV 716,335 716,335
    HEDGE FUNDS-FPA MULTI ADVISOR FUND FMV 1,961,811 1,961,811
    HEDGE FUNDS-LONE JUNIPER FMV 1,448,018 1,448,018
    PRIVATE EQUITY-RCP FUND VIII FMV 339,637 339,637
    EQUITY FUNDS-DIMENSIONAL FUND ADVISORS FMV 3,746,020 3,746,020
    COMMODITIES-VAN ECK CM COMMODITY FUND FMV 957,361 957,361

    TY 2014 LegalFeesSchedule
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 1,860 93   1,768


    TY 2014 OtherAssetsSchedule
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 15,767 20,000 20,000
    PREPAID FEDERAL EXCISE TAX 2,000 9,100 9,100


    TY 2014 OtherDecreasesSchedule
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND SUBSCRIPTIONS 4,132 0   4,132
    ADMINISTRATIVE FEE 236,069 27,854   208,215
    BANK CHARGES 141 141   0
    OFFICE EXPENSE 25,688 1,284   21,269


    TY 2014 OtherIncomeSchedule2
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ALLOCATION OF PARTNERSHIP INCOME 341,127 1,618,683 341,127


    TY 2014 OtherIncreasesSchedule
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX LIABILITY 185,000 102,000
    RENT PAYABLE 0 13,572


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANT ADMINISTRATOR 8,850 0   8,850
    INVESTMENT ADVISORY 66,544 66,544   0
    IT CONSULTING 4,200 210   3,990


    TY 2014 TaxesSchedule
    Name:
    FIRST HOSPITAL FOUNDATION
    EIN: 23-2904262
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PF EXCISE TAX 81,854 0   0