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
Owens Family Charitable Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

46-4183686
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,233,382J 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).............. 9,350,644
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 140 140  
4 Dividends and interest from securities...... 144,417 144,268  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,922
b Gross sales price for all assets on line 6a 1,735,683
7 Capital gain net income (from Part IV, line 2)... 3,922
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 15,706 21,179  
12 Total. Add lines 1 through 11........ 9,514,829 169,509  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,000     12,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 47,143 47,143    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 953 153    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 379     379
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 33,959 13,240   20,649
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 94,434 60,536   33,028
25 Contributions, gifts, grants paid........ 147,500 147,500
26 Total expenses and disbursements. Add lines 24 and 25 241,934 60,536   180,528
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,272,895
b Net investment income (if negative, enter -0-) 108,973
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 10,000 511,859 511,859
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)   Click to see attachment243,894 246,673
b Investments—corporate stock (attach schedule)........   Click to see attachment7,892,188 7,807,504
c Investments—corporate bonds (attach schedule)........   Click to see attachment135,103 135,133
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 attachment502,612 532,213
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) 10,000 9,285,656 9,233,382
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)   Click to see attachment2,761
23 Total liabilities (add lines 17 through 22)..........   2,761
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 10,000 9,282,895
30 Total net assets or fund balances (see instructions)...... 10,000 9,282,895
31 Total liabilities and net assets/fund balances (see instructions).. 10,000 9,285,656
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 10,000
2 Enter amount from Part I, line 27a..................... 2 9,272,895
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 9,282,895
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 9,282,895
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain      
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,735,683   1,732,677 3,006
b       916
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       3,006
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,922
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 0 2,462 0.0
2012 0 0 0.0
2011 0 0 0.0
2010 0 0 0.0
2009      
2 Total of line 1, column (d) ...................... 2 0.0
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 0.0
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 4,849,669
5 Multiply line 4 by line 3....................... 5 0
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,090
7 Add lines 5 and 6......................... 7 1,090
8 Enter qualifying distributions from Part XII, line 4.............. 8 180,528
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 1,090
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,090
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 1,090
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 800
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,754
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,554
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 1,464
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,100 RefundedBullet 11 364
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
Yes
 
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)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
    No
    .........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
    James M Bymark Dir
    1.0     		2,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michael P Heck Dir
    1.0     		2,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Edward J Matonich VP / Dir
    1.0     		2,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John R Ryan Jr Pres / Dir
    1.0     		2,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Todd A Scaia Dir / Sec / Treas
    1.0     		2,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John S Shenk MD Dir
    1.0     		2,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,176,256
    b
    Average of monthly cash balances.......................
    1b
    475,278
    c
    Fair market value of all other assets (see instructions)................
    1c
    271,988
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,923,522
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,923,522
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    73,853
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,849,669
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    242,483
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    242,483
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,090
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,090
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    241,393
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    241,393
    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
    241,393
    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
    180,528
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    180,528
    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
    1,090
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    179,438
    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 7 241,393
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 16
    b Total for prior years:2012, 2011, 2010  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 180,528
    a Applied to 2013, but not more than line 2a 16
    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..... 180,512
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		60,881
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014.... 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARROWHEAD ECONOMIC OPPORTUNITY AGENCY INCORPORATED
    702 S 3RD AVE
    VIRGINIA,MN55792     		N/A PC Chisholm Food Shelf 5,000
    CENTRAL MESABI MEDICAL FOUNDATION
    750 E 34TH ST
    HIBBING,MN55746     		N/A PC General & Unrestricted 5,000
    CENTRAL MESABI MEDICAL FOUNDATION
    750 E 34TH ST
    HIBBING,MN55746     		N/A PC Angel Fund 1,000
    CENTRAL MESABI MEDICAL FOUNDATION
    750 E 34TH ST
    HIBBING,MN55746     		N/A PC Garden of Life Program 5,000
    CENTRAL MESABI MEDICAL FOUNDATION
    750 E 34TH ST
    HIBBING,MN55746     		N/A PC Tele-ICU Program 25,000
    CENTRAL MESABI MEDICAL FOUNDATION
    750 E 34TH ST
    HIBBING,MN55746     		N/A PC Summer Capital Campaign 1,000
    CHISHOLM SECONDARY SCHOOL
    300 SW 3RD AVE
    CHISHOLM,MN55719     		N/A PC Dr. Benjamin P. Owens Scholarship Fund 7,500
    DIOCESE OF DULUTH
    2830 E 4TH ST
    DULUTH,MN55812     		N/A PC Summer Seminarian Appeal 500
    HENNEPIN HEALTH FOUNDATION
    701 PARK AVE NO LSB-3
    MINNEAPOLIS,MN55415     		N/A SO I Dr. Benjamin P. Owens Fund 25,000
    HIBBING FOOD SHELF
    1800 3RD AVE E STE 2
    HIBBING,MN55746     		N/A PC General & Unrestricted 5,000
    HIBBING HISTORICAL SOCIETY INC & MUSEUM
    400 E 23RD ST
    HIBBING,MN55746     		N/A PC Dr. Ben Owens Fund 25,000
    KIWANIS INTERNATIONAL FOUNDATION INC
    3636 WOODVIEW TRACE
    INDIANAPOLIS,IN46268     		N/A PC The Eliminate Project 1,000
    MINNESOTA COMMUNITY FOUNDATION
    101 5TH ST E STE 2400
    SAINT PAUL,MN55101     		N/A PC Chisholm Community Foundation for the Dr. Ben Owens Fund 30,000
    PROJECT CARE FREE CLINIC
    1200 E 25TH ST STE 118
    HIBBING,MN55746     		N/A PC General & Unrestricted 1,500
    UNITED WAY OF NORTHEASTERN MINNESOTA INC
    229 W LAKE ST
    CHISHOLM,MN55719     		N/A PC General & Unrestricted 5,000
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 OAK ST SE STE 500
    MINNEAPOLIS,MN55455     		N/A PC Benjamin P. Owens Endowed Scholarship Fund 5,000
    Total .................................bullet 3a 147,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 140  
    4 Dividends and interest from securities....     14 144,417  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 3,922  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aK-1 Inc/Loss 525990 -5,509 14 21,215  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -5,509 169,694  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13164,185
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


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

    46-4183686
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




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

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    Owens Family Charitable Foundation
          		Employer identification number

    46-4183686
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    Benjamin P Owens MD Revocable Tr  
    c/o John R Ryan Jr 2203 4th Ave E
     
    Hibbing, MN55746

    		$9,350,644


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    Owens Family Charitable Foundation
          		Employer identification number

    46-4183686
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    Owens Family Charitable Foundation
          		Employer identification number

    46-4183686
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 DepreciationSchedule
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T - 3.9% - 03/11/2024 15,495 15,407
    COMCAST CORP - 3.600% - 03/01/ 15,361 15,754
    CONTINENTAL RES INC - 4.500% - 14,881 13,316
    GE CAP CORP NTS - 5.875% - 01/ 14,362 15,184
    GOLDMAN SACHS GROUP INC NOTE - 15,013 15,038
    JPMORGAN CHASE & CO - 1.80% - 15,082 14,988
    MONSANTO - 4.20% - 07/15/2034 15,062 15,630
    VERIZON COMMUNICATIONS INC - 4 15,376 15,201
    WELLS FARGO CO - 3.500% - 03/0 14,471 14,615

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CAESARSTONE SDOT YAM LIMITED 921 1,077
    3M CO 9,718 11,009
    ABERDEEN LATIN AMERICA EQUITY 2,616 1,897
    ABIOMED 538 875
    ABN AMRO/TAMRO SMALL CAP FUND 82,843 76,460
    ABSOLUTE OPPORTUNITY INSTL CL 22,333 19,424
    ACADIA PHARMACEUTICALS INC 307 413
    ACCENTURE PLC 10,280 11,342
    ACE LTD 4,152 4,595
    ADAMS EXPRESS CO 19,548 19,029
    ADOBE SYSTEMS, INC. 10,639 10,687
    ADVENT SOFTWARE, INC. 968 889
    AGILENT TECHNOLOGIES INC 10,292 10,235
    AIR METHODS CORPORATION 996 837
    AKORN INC 1,216 1,484
    ALASKA AIR GROUP INC 9,175 12,370
    ALLIANCE DATA SYSTEM CORP 9,800 10,298
    ALLIANZGI EQUITY AND CONVERTIB 3,863 3,909
    ALPS RED ROCKS LISTED PRIVATE 217,383 203,056
    AMAZON COM 4,494 4,655
    AMERICAN EXPRESS CO 22,146 22,144
    AMTRUST FINANCIAL SERVICES, IN 388 506
    ANI PHARMACEUTICALS INC 683 733
    ANN INC 702 620
    APPLE INC. 9,031 10,265
    ARCBEST CORPORATION 1,082 1,159
    ARM HOLDINGS PLC 3,279 3,426
    ARRIS GROUP INC 990 906
    ASIA PACIFIC FUND INC 7,314 7,129
    ASML HOLDING NV NY REG SHS 12,682 15,528
    ASTON RIVERROAD LONG SHORT CLA 6,118 5,791
    ASTRONICS CORPORATION 860 996
    AT&T, INC 15,003 14,377
    AVAGO TECHNOLOGIES LIMITED 8,583 11,870
    AZZ INCORPORATED 766 798
    BARD C R INC. 9,238 10,497
    BAXTER INTERNATIONAL INC. 16,076 16,270
    BED BATH & BEYOND INC. 10,632 11,578
    BERKSHIRE HATHAWAY INC. CLASS 70,863 82,733
    BIOGEN IDEC INC 10,774 10,862
    BITAUTO HOLDINGS LIMITED AMERI 440 704
    BLACKROCK ENHANCED DIVIDEND AC 18,983 18,262
    BLACKROCK INC 14,862 17,163
    BLACKROCK RESOURCES & COMMODIT 8,048 7,875
    BOEING CO 10,106 10,528
    BOGLE INV MGMT SMALL CAP GROWT 9,795 8,213
    BOULDER TOTAL RET FD 9,681 10,323
    BRINKER INTL INC. 710 822
    BURLINGTON STORES, INC. 943 945
    CA INC. 15,430 16,656
    CANADIAN NATL RAILWAY CO 3,561 3,859
    CANADIAN PACIFIC RAILWAY LTD 4,246 4,432
    CAPITAL ONE FINANCIAL CORP 22,424 22,454
    CARRIZO OIL & GAS, INC. 1,417 915
    CELLDEX THERAPEUTICS INC 286 274
    CENTENE CORP 753 1,039
    CHARLES RIV LABORATORIES INTL 1,413 1,655
    CHECK POINT SOFTWARE TECHNOLOG 9,376 10,921
    CHEMED CORP 838 845
    CHINA BIOLOGIC PRODUCTS INC 721 874
    CHINA FUND INC 3,111 2,570
    CHR HANSEN HOLDINGS 4,000 4,279
    CIENA CORP 902 776
    CIGNA 8,230 8,747
    CITIGROUP INC 9,972 10,768
    COCA COLA ENTRPR INC 3,670 3,626
    COHEN & STEERS SEL UTILITY FUN 14,696 13,632
    COHEN AND STEERS TOTAL RT REAL 4,172 4,356
    COLGATE-PALMOLIVE COMPANY 25,329 25,808
    COLONY FINANCIAL INC. 54,386 59,193
    CONOCOPHILLIPS 63,048 56,422
    CONSTELLIUM NV 718 378
    CORE LABORATORIES 3,714 2,888
    CRACKER BARREL OLD COUNTRY STO 1,404 1,971
    CREDIT SUISSE FLOATING RATE HI 102,321 99,385
    CUMMINS INC 16,136 15,426
    DB X TRACKERS MSCI JAPAN HEDGE 7,730 6,814
    DECKERS OUTDOOR CORPORATION 1,151 1,092
    DEUTSCHE MUNICIPAL INCOME TRUS 3,316 3,316
    DEUTSCHE X TRACKERS HARVEST CS 5,820 8,596
    DEXCOM, INC. 781 1,101
    DIAMONDBACK ENERGY INC 904 598
    DIRECTV GROUP 10,185 10,231
    DISCOVER FINL SVCS COM 10,179 10,544
    DISH NETWORK CORP 10,217 11,735
    DOUBLELINE CORE FIXED INCOME I 511,929 511,879
    DOUBLELINE TOTAL RETURN BOND 619,643 618,303
    DRIEHAUS ACTIVE INCOME FUND MU 16,544 16,153
    E-HOUSE (CHINA) HLDGS LTD 392 326
    EAGLE MLP STRATEGY I 127,838 113,456
    EATON VANCE MUNICIPAL BOND FUN 4,763 4,837
    EATON VANCE TAX AD D 11,543 11,606
    ENERGIZER HOLDINGS INC 9,897 10,670
    ENTANTA PHARMACEUTICALS INC 684 814
    EURONET WORLDWIDE INC 1,359 1,592
    EUROPEAN EQUITY FUND INC 7,034 6,485
    FANUC LIMITED UNSPONSORED 2,912 2,836
    FIFTH STREET SENIOR FLOATING R 4,484 3,935
    FIFTH THIRD BANCORP 15,024 14,225
    FINANCIAL ENGINES INC COM 731 731
    FINISAR CORPORATION 648 641
    FINISH LINE, INC. 775 632
    FIRST TR / FIDUCIARYASSET MGMT 4,036 3,958
    FIRST TRUST VI FIRST TRUST NAS 8,534 8,664
    FOOT LOCKER INC N.Y. COM 6,659 7,528
    G III APPAREL GRP LTD 979 1,212
    GABELLI EQUITY TRUST 7,424 7,738
    GENERAL AMER INVESTORS 22,754 21,280
    GENERAL ELECTRIC CO 9,272 9,021
    GENERAL MOTORS 15,444 16,163
    GILEAD SCIENCES INC 8,495 8,766
    GLOBAL X GURU INDEX ETF 7,312 7,191
    GLOBUS MEDICAL INC 489 475
    GOLDMAN SACHS GROUP 9,508 10,467
    GOOGLE INC CL C 29,109 25,794
    GREEN DOT CORP A 931 840
    GUGGENHEIM INSIDER SENTIMENT 5,764 5,789
    GUGGENHEIM SPIN OFF 5,813 5,733
    HALLIBURTON COMPANY 10,226 7,473
    HCA INC 7,411 8,807
    HEARTLAND PYMT SYS 1,484 1,834
    HEWLETT PACKARD CO 10,017 11,477
    HEXCEL CP DELAWARE 770 788
    HFF INC 1,174 1,257
    HOLLYFRONTIER CORP 14,983 11,656
    HOME DEPOT INC. 14,130 18,580
    HONEYWELL INTERNATIONAL INC. 14,762 15,687
    HUNTINGTON BANCSHARES INC 44,621 46,562
    ICICI BK LTD ADS 3,912 4,389
    ICON PLC - AMERICAN DEPOSITARY 1,215 1,326
    ICONIX BRAND GROUP, INC 1,039 811
    ILLINOIS TOOL WORKS 9,680 10,701
    INDIVIOR PLC ADR 111 102
    INDUSTRIA DE DISENO 3,387 3,241
    ING GLOBAL REAL ESTATE FUND W 81,814 83,256
    INSULET CORPORATION 519 599
    INTEL CORP 13,710 16,585
    INTERACTIVE BROKERS GROUP, INC 746 933
    INTERNATIONAL BUSINESS MACHINE 11,803 9,947
    INTERNATIONAL PAPER CO. 14,802 16,610
    INVESCO MORTGAGE INC 2,988 2,675
    INVESCO PLC 15,321 16,243
    ISHARE MSCI EMU INDX 4,049 3,560
    ISHARE MSCI UK INDEX 18,127 15,668
    ISHARES CURRENCY HEDGED MSCI G 86,739 82,496
    ISHARES DJ US OE&SI 6,866 4,496
    ISHARES DOW JONES US REAL ESTA 9,622 9,912
    ISHARES GOLD TRUST 3,873 3,741
    ISHARES LEHMAN 20+ YR TREAS 15,367 15,866
    ISHARES MSCI AUSTRALIA INDEX F 4,834 3,968
    ISHARES MSCI CANADA INDEX FD 18,242 16,075
    ISHARES MSCI TURKEY 3,888 3,965
    ISHARES MSCI-HONG KONG 6,057 5,731
    ISHARES MSCI-JAPAN 9,691 9,037
    ISHARES RUSSELL 2000 11,637 11,842
    ISHARES S&P INDIA NIFTY 50 I 9,651 9,209
    ISHARES TRANSPORTATION 6,222 6,727
    ISHARES TRUST RUSSELL 1000 GRO 134,363 139,877
    JAPAN SMALLER CAPITALIZATION F 2,930 2,736
    JF CHINA REGION FUND INC 3,933 4,160
    JOHN HANCOCK FDS II, TECHNICAL 83,290 74,963
    JP MORGAN ALERIAN MLP INDEX ET 24,325 21,229
    JP MORGAN CHASE & CO 20,634 21,840
    JP MORGAN HIGH YIELD BOND CL A 34,208 31,924
    JUMEI INTERNATIONAL HOLDING LT 673 381
    KAPSTONE PAPER AND PACKAGING C 1,006 967
    KENSINGTON SELECT INCOME FUND 90,515 89,352
    KERYX BIOPHARMACEUTICALS 842 792
    KOHLS CORP 9,818 11,414
    KORN FERRY INTL 889 834
    L BRANDS, INC. 14,996 22,416
    LIBERTY ALL-STAR EQUITY FUND 12,614 12,438
    LINCOLN NATIONAL CORP 15,303 16,609
    LITHIA MOTORS INC CL A 957 954
    LVMH MOET HENN UNSP 2,088 1,825
    MANHATTAN ASSOCIATES INC 840 1,059
    MARKET VECTORS CHINA A SHARES 41,001 43,949
    MARKETAXESS HOLDINGS, INC. 391 502
    MARKETFIELD FUND 4,061 3,712
    MATADOR RESOURCES COMPANY 705 506
    MATRIX SERVICE CO 1,158 692
    MAXIMUS INC 805 1,042
    MEDIDATA SOLUTIONS, INC. 978 955
    MENTOR GRAPHICS CORP 698 723
    MICROSOFT CORPORATION 33,326 35,767
    MOMENTA PHARMACEUTICALS, INC. 214 193
    MOODYS CORP 9,504 9,868
    MORGAN STANLEY ASIA-PAC FUND 7,810 6,772
    MORGAN STANLEY INSTI FDS, GLOB 43,225 42,721
    MS DW EMERGING MKT 4,115 3,652
    MYLAN INC. 12,991 14,036
    NATIXIS ASG GLOBAL ALTERNAT Y 5,831 5,806
    NATUS MEDICAL INCORPORATED 695 901
    NESTLE S.A. 3,797 3,575
    NEUBERGER BERMAN INTERMEDIATE 7,627 7,810
    NEW IRELAND FUND INC 6,430 6,297
    NORDSTROM INC 9,716 11,194
    NORTHSTAR REALTY FINANCE CORP 84,269 81,817
    NOVO NORDISK A S 3,705 3,428
    NOVOZYMES A/S UNSP/ADR 3,819 3,287
    NUVEEN GLOBAL VALUE OPP FUND 5,466 5,178
    NXP SEMICONDUCTORS 10,948 11,307
    ODYSSEY MARINE EXPLORATION INC 5,521 4,036
    OPHTHOTECH CORP 500 583
    ORACLE CORP 13,155 14,615
    OUTFRONT MEDIA INC 56,216 45,896
    PEPSICO INC 9,839 10,118
    PERRIGO CO PLC 3,404 4,012
    PHILIP MORRIS INTL 9,767 9,285
    PIA BBB BOND FUND MANAGED ACCO 94,800 94,203
    PIA MBS BOND FUND MANAGED ACCO 15,000 15,123
    PIMCO ALL ASSET FUND INSTITUTI 78,098 71,217
    PINNACLE ENTERTAINMENT INC 381 334
    PORTFOLIO RECOVERY ASSOCIATES, 864 869
    POWER INTEGRATIONS, INC. 928 828
    POWERSHARES GLOBAL LISTED PRIV 100,904 98,458
    PRIMORIS SERVICES CORP 574 442
    PROSHARES SHORT MSCI 213,273 224,592
    PROTO LABS INC 887 739
    PTC INC 707 696
    QUALCOMM INC 9,976 9,737
    RADWARE LTD 922 903
    RECKITT BENCKISER GROUP 4,003 3,811
    RESTORATION HARDWARE 1,077 1,248
    RIVERNORTH CORE OPPY FD 80,801 72,453
    RIVERPARK SHORT TERM HIGH YIEL 189,236 188,045
    RIVERPARK STRATEGIC INCOME FUN 169,123 163,800
    ROCKWELL AUTOMATION INC 11,130 10,230
    SAIA, INC 1,045 1,273
    SALLY BEAUTY HLDG 5,575 6,917
    SANDALWOOD OPPORTUNITY CLASS I 104,627 96,522
    SCHLUMBERGER LTD 4,861 3,673
    SEMICONDUCTOR HOLDING CO 5,808 6,336
    SENSATA TECHNOLOGIES HOLDINGS 3,251 3,878
    SGS SA UNSP ADR 3,826 3,226
    SHOPRITE HOLDINGS LTD 1,789 1,733
    SILGAN HOLDINGS, INC. 834 911
    SINGAPORE FUND, INC. 3,471 3,087
    SKECHERS U S A INC CL A 904 1,105
    SOUTHERN CO 15,935 16,599
    SPARTAN INTL INDEX FID ADVANTA 137,656 121,143
    SPDR S&P 500 ETF TRUST 146,506 151,277
    SPDR S&P MIDCAP 400 EFT TRUST 41,740 42,763
    SPIRIT AIRLINES INC 4,230 4,686
    STARWOOD HOTELS & RESORTS 10,739 10,863
    STARWOOD PROPERTY TRUST INC 79,975 78,923
    STATE STREET CORPORATION 18,371 20,253
    STERIS CORP 907 1,038
    SUN ART RETAIL GROUP 2,442 2,019
    SVENSKA CELL AKT SCA ADR 3,202 2,428
    SWATCH GROUP AG 1,882 1,770
    SWISS HELVETIA FUND 10,942 8,500
    SYNAPTICS INC 699 620
    SYNTEL INC 902 990
    SYSMEX CORP UNSP ASDR 1,721 2,101
    TAIWAN SEMICONDUCTOR MFG CO LT 15,255 16,248
    TANDEM DIABETES CARE INC 305 267
    TECHNOLOGY SPDR 60,205 62,521
    TEMPLETON DRAGON FUND 1,867 1,659
    TEMPLETON GLOBAL BD 526,271 494,371
    TEMPLETON RUSSIA & EAST EUROPE 1,636 1,017
    TENCENT HOLDINGS LIMITED 3,670 3,569
    TEXAS INSTRUMENTS INC. 13,550 15,025
    THE GABELLI GLOBAL SMALL AND M 5,173 5,230
    THE NEW GERMANY FUND 6,260 4,858
    TJX COMPANIES INC 8,647 11,041
    TOUCHSTONE FOCUSED FD CL A 71,890 71,478
    TRI CONTL CP 16,753 16,892
    TUDOR PERINI CP 942 746
    U.S. SILICA HOLDINGS INC 826 411
    UNION PACIFIC 9,099 10,603
    UNITEDHEALTH GROUP INC. 25,277 29,114
    VALEANT PHARMACEUTICALS INTL 2,977 3,435
    VANGUARD EXTENDED DURATION TRE 94,090 94,318
    VANGUARD FTSE DEVELOPED MARKET 33,558 29,925
    VANGUARD FTSE EMERGING MARKETS 22,165 19,650
    VANGUARD INFORMATION TECHNOLOG 11,852 12,433
    VANGUARD MID-CAP ETF 13,583 14,086
    VANGUARD MSCI EUROPEAN ETF 42,594 37,683
    VANGUARD MSCI PACIFIC ETF 19,061 17,175
    VANGUARD S&P 500 ETF 117,557 121,141
    VANGUARD SM-CAP ETF 20,601 20,765
    VANGUARD TOTAL STOCK MARKET ET 390,436 402,695
    VARIAN MEDICAL SYSTEMS INC 10,207 10,641
    VELOCITYSHARES DAILY INVERSE V 7,905 7,442
    VERINT SYSTEMS INC. 1,034 1,107
    VERISIGN INC 9,781 9,804
    VERITAS SOFTWARE CO. 946 852
    VIRTUSA CORPORATION 735 875
    VOXELJET AG 155 81
    VOYA EMERGING MARKETS HIGH INC 2,515 2,486
    VOYA INFRASTRUCTURE INDUSTRIAL 3,737 3,116
    WAL-MART DE MEX V SP/ADR 2,057 1,629
    WALGREEN BOOTS ALLIANCE INC 8,632 8,992
    WALT DISNEY HOLDINGS CO. 12,164 12,810
    WASATCH EMERGING MARKETS SMALL 66,706 63,837
    WASATCH FRONTIER EMERGING SMAL 160,129 148,179
    WATERS CORP 9,712 10,370
    WELLS FARGO & CO. 9,895 10,525
    WESTERN DIGITAL CORP 10,061 11,181
    WHITING PETROLEUM CORP 927 396
    WISDOMTREE JAPAN HEDGED EQUITY 208,851 206,029
    WISDOMTREE JAPAN HEDGED REAL E 47,330 45,029
    WISDOMTREE JAPAN HEDGED SMALLC 69,970 69,434
    WITHERSPOON MANAGED FUTURES ST 40,290 41,897
    WUXI PHARMATECH CAYMAN INC 873 943
    WYNDHAM WORLDWIDE 10,329 11,320
    WYNN RESORTS 11,030 8,033
    YANDEX N V 2,748 1,455
    ZAYO GROUP HOLDINGS INC 41,250 47,078
    ZURICH INS GROU ADR 52,519 54,600
    ZWEIG FUND INC 7,535 7,328

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    US Government Securities - End of Year Book Value:

    243,894
    US Government Securities - End of Year Fair Market Value:

    246,673
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    KEYSTONE PRIVATE MARKET OPPORT   498,318 528,061
    LAZARD LTD   4,294 4,152

    TY 2014 OtherExpensesSchedule
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 13,884     13,884
    Administrative Set-Up Fee 4,500     4,500
    Bank Charges 56 56    
    Delaware Incorporation Fees 500     500
    Indemnification Insurance 890     890
    IRS Application Fees 850     850
    K-1 Exp KEYSTONE PRIVATE MARKE 13,254 13,184    
    State or Local Filing Fees 25     25


    TY 2014 OtherIncomeSchedule2
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss KEYSTONE PRIVATE MARKET OPPORTUNITIES 15,656 21,129  
    K-1 Inc/Loss LAZARD LTD 50 50  


    TY 2014 OtherLiabilitiesSchedule
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    Description Beginning of Year - Book Value End of Year - Book Value
    OUTSTANDING OPTIONS   2,761


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 47,143 47,143    


    TY 2014 SubstantialContributorsSch
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    Name Address
    Benjamin P Owens M D Revocable Tr c/o John R Ryan Jr 2203 4th Ave E
    Hibbing,MN55746


    TY 2014 TaxesSchedule
    Name:
    Owens Family Charitable Foundation
    EIN: 46-4183686
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2014 800      
    Foreign Tax Paid 153 153