Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE PIERRE & TANA MATISSE FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)1 EAST 53RD STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100224200
A Employer identification number

13-3838457
B Telephone number (see instructions)

(212) 355-6269
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$231,297,017J 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 92 92  
4 Dividends and interest from securities...... 1,506,441 1,506,441  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,349,660
b Gross sales price for all assets on line 6a 40,070,680
7 Capital gain net income (from Part IV, line 2)... 13,349,660
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 312,611 312,611  
12 Total. Add lines 1 through 11........ 15,168,804 15,168,804  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 390,000 19,500   370,500
14 Other employee salaries and wages...... 348,499 0   348,499
15 Pension plans, employee benefits....... 152,327 0   152,327
16a Legal fees (attach schedule)......... Click to see attachment 13,692 0   13,692
b Accounting fees (attach schedule)....... Click to see attachment 12,260 9,808   2,452
c Other professional fees (attach schedule).... Click to see attachment 609,557 475,307   134,250
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 404,768 35,537   49,231
19 Depreciation (attach schedule) and depletion... Click to see attachment 10,924 0  
20 Occupancy.............. 93,952 9,395   84,557
21 Travel, conferences, and meetings....... 36,659 0   36,659
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 206,344 11,531   194,813
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,278,982 561,078   1,386,980
25 Contributions, gifts, grants paid........ 2,523,197 2,523,197
26 Total expenses and disbursements. Add lines 24 and 25 4,802,179 561,078   3,910,177
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,366,625
b Net investment income (if negative, enter -0-) 14,607,726
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............... 247,497 197,558 197,558
2 Savings and temporary cash investments.......... 3,858,170 2,203,274 2,203,274
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 39,829,044 Click to see attachment50,648,291 57,513,308
c Investments—corporate bonds (attach schedule)........ 3,986,083 Click to see attachment4,916,665 3,348,496
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 17,189,664 Click to see attachment21,307,051 24,847,608
14 Land, buildings, and equipment: basis bullet215,402
Less: accumulated depreciation (attach schedule) bullet72,607 143,622 Click to see attachment142,795 142,795
15 Other assets (describe bullet) Click to see attachment107,652,143 Click to see attachment103,853,668 Click to see attachment143,043,978
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 172,906,223 183,269,302 231,297,017
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 attachment3,546 Click to see attachment0
23 Total liabilities (add lines 17 through 22).......... 3,546 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 172,902,677 183,269,302
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)...... 172,902,677 183,269,302
31 Total liabilities and net assets/fund balances (see instructions).. 172,906,223 183,269,302
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)............... 1 172,902,677
2 Enter amount from Part I, line 27a..................... 2 10,366,625
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 183,269,302
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 183,269,302
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 THROUGH HARBOR FUND-SHORT TERM P    
b THROUGH HARBOR FUNDD-LONG TERM P    
c THROUGH SNOW CAPITAL-SHORT TERM P    
d THROUGH SNOW CAPITAL-LONG TERM P    
e THROUGH WESTFIELD-SHORT TERM P    
THROUGH WESTFIELD-LONG TERM P    
THROUGH ADVISORY RESEARCH-SHORT TERM P    
THROUGH ADVISORY RESEARCH-LONG TERM P    
THROUGH SMH CAPITAL-SHORT TERM P    
THROUGH SMH CAPITAL-LONG TERM P    
THROUGH WENTWORTH-LONG TERM P    
THROUGH WCM-SHORT TERM P    
THROUGH WCM-LONG TERM P    
101737 SHS FIDELITY FLOATING RATE P    
THROUGH MSSB-BUY WRITE-SHORT TERM P    
THROUGH MSSB-BUY WRITE-LONG TERM P    
THROGUH MSSB-BUY WRITE OPTIONS-SHORT TERM P    
SALE OF ARTWORK D    
SALE OF PRINTS D    
SALE OF BOOKS D    
THROUGH MEDLEY OPPORTUNITY FUND II LP P    
CLASS ACTION SETTLEMENT PROCEEDS P    
THORUGH PARTNERSHIPS MSSB BUY-WRITE P    
THORUGH PARTNERSHIPS MSSB BUY-WRITE P    
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 103,350   99,615 3,735
b 3,782,538   3,645,845 136,693
c 2,740,999   2,172,913 568,086
d 1,972,807   1,290,300 682,507
e 4,810,386   4,893,285 -82,899
4,126,697   2,828,175 1,298,522
460,059   478,538 -18,479
3,048,122   2,227,290 820,832
937,966   890,849 47,117
937,079   846,087 90,992
100,055   24,413 75,642
295,810   415,268 -119,458
1,264,043   986,439 277,604
1,000,000   998,063 1,937
910,509   930,341 -19,832
209,096   198,249 10,847
93,836     93,836
12,500,500   3,500,000 9,000,500
190,364   142,000 48,364
164,433   153,350 11,083
3,507     3,507
3,830     3,830
13,494     13,494
156     156
401,044     401,044
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       3,735
b       136,693
c       568,086
d       682,507
e       -82,899
      1,298,522
      -18,479
      820,832
      47,117
      90,992
      75,642
      -119,458
      277,604
      1,937
      -19,832
      10,847
      93,836
      9,000,500
      48,364
      11,083
      3,507
      3,830
      13,494
      156
      401,044
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 13,349,660
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 3,977,006 71,321,859 0.055761
2012 3,090,567 60,948,728 0.050708
2011 2,441,907 60,269,031 0.040517
2010 2,507,944 59,617,745 0.042067
2009 2,360,410 49,221,027 0.047955
2 Total of line 1, column (d) ...................... 2 0.237008
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 0.047402
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 82,424,699
5 Multiply line 4 by line 3....................... 5 3,907,096
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 146,077
7 Add lines 5 and 6......................... 7 4,053,173
8 Enter qualifying distributions from Part XII, line 4.............. 8 3,910,177
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 1 292,155
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........................... 3 292,155
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- ..... 5 292,155
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 264,597
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 98,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 362,597
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 70,442
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet70,442 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY, DE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSANDRA CARNIELLI Telephone no.bullet (212) 355-6269
    Located atbullet1 EAST 53RD STREETNEW YORKNY ZIP+4bullet100224200
    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
    ROBERT H HOROWITZ PRESIDENT/TREAS/DIR
    10.00     		130,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY100224200
    OLIVIER G BERNIER VP/SECY/DIRECTOR
    10.00     		130,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY100224200
    JANOS FARKAS VP/ASST SECY/DIRECTOR
    10.00     		130,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY100224200
    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
    SANDRA CARNIELLI EXECUTIVE DIRECTOR
    40.00     		198,499 0 0
    1 EAST 53RD STREET
    NEW YORK,NY10022
    LINDA AZARIAN ADMINISTRATIVE ASSIS
    40.00     		90,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY10022
    ERIKA S WILLIAMS ADMINISTRATIVE ASSIS
    21.00     		60,000 0 0
    1 EAST 53RD STREET
    NEW YORK,NY10022
    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
    CHARLES STUCKEY CONSULTING-CATALOGUE RAISONNE 88,020
    1 EAST 53RD STREET
    NEW YORK,NY10022
    SNOW CAPITAL INVESTMENT MANAGEMENT 86,829
    2000 GEORGETOWN DR 200 SEWICKLEY PA
    15143
    SEWICKLEY,PA15143
    WESTFIELD CAPITAL MANAGEMENT INVESTMENT MANAGEMENT 83,130
    ONE FINANCIAL CENTER 24TH FLOOR
    BOSTON,MA02111
    ADVISORY RESEARCH INVESTMENT MANAGEMENT 71,506
    180 NORTH STETSON AVENUE SUITE 5500
    CHICAGO,IL60601
    GAVION INVESTMENT MANAGEMENT 56,748
    6000 POPLAR AVENUE SUITE 325
    MEMPHIS,TN38119
    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 LENDING OF ARTWORK FOR DISPLAY AT VARIOUS EXHIBITIONS 221,413
    2 COMPILATION OF THE WORK OF ARTIST YVES TANGUY INTO A CATALOGUE RAISONNE 89,820
    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
    79,663,683
    b
    Average of monthly cash balances.......................
    1b
    4,016,214
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    83,679,897
    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
    83,679,897
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,255,198
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    82,424,699
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,121,235
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,121,235
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    292,155
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    292,155
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,829,080
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,829,080
    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
    3,829,080
    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
    3,910,177
    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
    3,910,177
    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
    3,910,177
    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 3,829,080
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012....... 113,303
    e From 2013....... 518,213
    fTotal of lines 3a through e......... 631,516
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 3,910,177
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 3,829,080
    e Remaining amount distributed out of corpus 81,097
    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 5 712,613
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		712,613
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012.... 113,303
    d Excess from 2013.... 518,213
    e Excess from 2014.... 81,097
    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:
    SANDRA CARNIELLI
    1 EAST 53RD STREET
    NEW YORK,NY10022
    (212) 355-6269
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALVIN AILEY DANCE FOUNDATION
    405 WEST 55TH STREET
    NEW YORK,NY10019     		NONE 501(C)(3) ARTS EDUCATION 15,000
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		NONE 501(C)(3) EXHIBITION UNDERWRITING 50,000
    METROPOLITAN OPERA
    LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501(C)(3) ARTS EDUCATION 15,000
    READ ALLIANCE
    80 MAIDEN LANE 11TH FLOOR
    NEW YORK,NY10038     		NONE 501(C)(3) EDUCATION 10,000
    SCHOOL OF AMERICAN BALLET
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501(C)(3) ARTS EDUCATION 25,000
    SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE
    200 PARK AVENUE SOUTH SUITE 1116
    NEW YORK,NY10003     		NONE 501(C)(3) ARTS EDUCATION 7,500
    SOK SABAY ASSOCIATION
    STREET 468 NUMBER 75 TUOL TOMPONG 2
    CHANCARMON
    PHNOM PENH,CAMBODIA  
    CB     		NONE IRC SEC 509(A)(2) EDUCATION 22,100
    THIRD STREET MUSIC SCHOOL SETTLEMENT
    235 EAST 11TH STREET
    NEW YORK,NY10003     		NONE 501(C)(3) ARTS EDUCATION 20,000
    WHITNEY MUSEUM OF AMERICAN ART
    945 MADISON AVENUE
    NEW YORK,NY10021     		NONE 501(C)(3) ARTS EDUCATION 150,000
    YOUNG AUDIENCES NEW YORK
    1 EAST 53RD STREET 7TH FL
    NEW YORK,NY10022     		NONE 501(C)(3) ARTS EDUCATION 20,000
    BRONX MUSEUM OF THE ARTS
    1040 GRAND CONCOURSE
    BRONX,NY10456     		NONE 501(C)(3) ARTS EDUCATION 25,000
    CENTER FOR ARTS EDUCATION
    520 8TH AVENUENORTH TOWER 9TH FL
    NEW YORK,NY10018     		NONE 501(C)(3) ARTS EDUCATION 40,000
    COOL CULTURE
    80 HANSON PLACE SUITE 604
    BROOKLYN,NY11217     		NONE 501(C)(3) ARTS SURVEY 80,000
    GUILD HALL OF EAST HAMPTON
    158 MAIN ST
    EAST HAMPTON,NY11937     		NONE 501(C)(3) ARTS EDUCATION 10,000
    MSHS 223 THE LAB SCHOOL OF FINANCE
    C/O ARETE EDUCATION INC 557 GRAND
    CONCOURSE STE 3140
    BRONX,NY10451     		NONE 501(C)(3) ARTS EDUCATION 180,360
    MORGAN LIBRARY
    225 MADISON AVENUE
    NEW YORK,NY10016     		NONE 501(C)(3) CURATORSHIP SPONSOR 20,000
    MT HOLYOKE COLLEGE ART MUSEUM
    LOWER LAKE ROAD
    SOUTH HADLEY,MA01075     		NONE 501(C)(3) SCHOLARSHIP PROGRAM 56,500
    MUSICA SACRA
    PO BOX 974 LENOX HILL STATION
    NEW YORK,NY10021     		NONE 501(C)(3) ARTS EDUCATION 18,817
    NEW YORK THEATRE WORKSHOP
    79 E 4TH ST
    NEW YORK,NY10003     		NONE 501(C)(3) ARTS EDUCATION 25,000
    SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING
    C/O BROADWAY HOUSING 583 RIVERSIDE
    DR
    NEW YORK,NY10031     		NONE 501(C)(3) ARTS EDUCATION 145,000
    BROOKLYN ACADEMY OF MUSIC
    30 LAFAYETTE AVENUE
    BROOKLYN,NY11217     		NONE 501(C)(3) ARTS EDUCATION 50,000
    BROOKLYN CENTER FOR PERFORMING ARTS
    POBOX 100163
    BROOKLYN,NY11210     		NONE 501(C)(3) ARTS EDUCATION 25,000
    CENTER FOR CURATORIAL LEADERSHIP
    174 EAST 80TH STREET
    NEW YORK,NY10075     		NONE 501(C)(3) ARTS SCHOLARSHIP 100,000
    DANCE LEGACIES WORLDWIDE
    C/O NY LIVE ARTS 219 W 19TH STREET
    NEW YORK,NY10011     		NONE 501(C)(3) ARTS EDUCATION 15,000
    DANCING CLASSROOMS
    25 WEST 31ST STREET FOURTH FLOOR
    NEW YORK,NY10001     		NONE 501(C)(3) ARTS EDUCATION 25,000
    DREAM YARDS PROJECT
    1085 WASHINGTON AVENUE
    NEW YORK,NY10456     		NONE 501(C)(3) ARTS EDUCATION 25,000
    EPIC THEATRE ENSEMBLE
    55 WEST 39TH STREET 302
    NEW YORK,NY10018     		NONE 501(C)(3) ARTS EDUCATION 150,000
    NYU INSTITUTE OF FINE ARTS
    1 E 78TH STREET
    NEW YORK,NY10075     		NONE 501(C)(3) ARTS SCHOLARSHIP 36,000
    LINCOLN CENTER EDUCATION
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501(C)(3) ARTS EDUCATION 35,000
    LITTLE ORCHESTRA SOCIETY
    330 WEST 42ND STREET 12TH FLOOR
    NEW YORK,NY10036     		NONE 501(C)(3) ARTS EDUCATION 25,000
    LITTLE ORCHESTRA SOCIETY - EMERGENCY FUNDS
    330 WEST 42ND STREET 12TH FLOOR
    NEW YORK,NY10036     		NONE 501(C)(3) EMERGENCY OPERATING FUNDS 25,000
    MANHATTAN GRAPHICS CENTER
    250 WEST 40TH ST 5TH FLOOR
    NEW YORK,NY10018     		NONE 501(C)(3) ARTS EDUCATION 15,000
    MS 57 RON BROWN ACADEMY
    C/O NYC DEPT OF EDUCATION 125
    STUYVESANT AVE
    BROOKLYN,NY11221     		NONE 501(C)(3) ARTS EDUCATION 100,000
    MS 343 ACADEMY OF APPLIED MATH & TECHNOLOGY
    C/O NYC DEPT OF EDUCATION345 BROOK
    AVENUE
    BRONX,NY10454     		NONE 501(C)(3) ARTS EDUCATION 100,000
    MS 378 SCHOOL FOR GLOBAL LEADERSHIP
    C/O NYC DEPT OF EDUCATION 145
    STANTON STREET
    NEW YORK,NY10002     		NONE 501(C)(3) ARTS EDUCATION 100,000
    MS 452 FREDERICK DOUGLASS ACADEMY VIII
    C/O NYC DEPT OF EDUCATION 1400
    PENNSYLVANIA AVENUE 4TH FL
    BROOKLYN,NY11239     		NONE 501(C)(3) ARTS EDUCATION 100,000
    HS 650 HS OF CONSTRUCTION TRADES ENGINEERING & ARCHITECTURE
    C/O NYC DEPT OF EDUCATION 94-06
    104TH ST
    OZONE PARK,NY11416     		NONE 501(C)(3) ARTS EDUCATION 100,000
    QUEENS MUSEUM
    NYC BUILDING FLUSHING MEADOWS
    CORONA PARK
    QUEENS,NY11368     		NONE 501(C)(3) ARTS EDUCATION 150,000
    THE PARTNERSHIP FOR INNER-CITY EDUCATION
    1011 FIRST AVENUE STE 1800
    NEW YORK,NY10022     		NONE 501(C)(3) ARTS EDUCATION 30,000
    FRACTURED ATLAS
    248 W 35TH STREET 10TH FL
    NEW YORK,NY10001     		NONE 501(C)(3) ARTS EDUCATION 10,000
    GROUNDSWELL COMMUNITY MURAL PROJECT
    540 PRESIDENT ST 1A
    BROOKLYN,NY11215     		NONE 501(C)(3) ARTS EDUCATION 25,000
    IRONDALE PRODUCTIONS INC
    85 S OXFORD STREET
    BROOKLYN,NY11217     		NONE 501(C)(3) ARTS EDUCATION 75,000
    LEHMAN COLLEGE ART GALLERY
    250 BEDFORD PARK BLVD W
    BRONX,NY10468     		NONE 501(C)(3) 1 E 53RD ST, NEW YORK, NY 10022ARTS EDUCATION 15,000
    THE BALTIMORE MUSEUM OF ART
    10 ART MUSEUM DR
    BALTIMORE,MD21218     		NONE 501(C)(3) ARTS EDUCATION 10,000
    THE DRAWING CENTER
    35 WOOSTER ST
    NEW YORK,NY10013     		NONE 501(C)(3) ARTS EDUCATION 1,000
    NATIONAL GALLERY OF ART
    6TH CONSTITUTION AVE NW
    WASHINGTON,DC20565     		NONE 501(C)(3) ARTS EDUCATION 1,000
    PHILADELPHIA MUSEUM OF ART
    2600 BENJAMIN FRANKLIN PKWY
    PHILADELPHIA,PA19130     		NONE 501(C)(3) ARTS EDUCATION 1,000
    WADSWORTH ATHENEUM MUSEUM OF ART
    600 MAIN ST
    HARTFORD,CT06103     		NONE 501(C)(3) ARTS EDUCATION 1,000
    WHITNEY MUSEUM OF AMERICAN ART
    945 MADISON AVENUE
    NEW YORK,NY10021     		NONE 501(C)(3) ARTS EDUCATION 1,000
    CATALOGUE RAISONNE SCHOLARS ASSOCIATION
    294 E 7TH STREET
    BROOKLYN,NY11218     		NONE 501(C)(3) ARTS EDUCATION 20
    FINE ARTS MUSEUMS OF SAN FRANCISCO
    50 HAGIWARA TEA GARDEN DR
    SAN FRANCISCO,CA94118     		NONE 501(C)(3) ARTS EDUCATION 1,000
    SFMOMA
    151 THIRD STREET
    SAN FRANCISCO,CA94103     		NONE 501(C)(3) ARTS EDUCATION 1,000
    THE MUSEUM OF MODERN ART
    11 W 53RD ST
    NEW YORK,NY10019     		NONE 501(C)(3) ARTS EDUCATION 5,000
    MUSEUM OF THE CITY OF NEW YORK
    1220 5TH AVE
    NEW YORK,NY10029     		NONE 501(C)(3) ARTS EDUCATION 5,000
    ART TABLE INC
    1 E 53RD ST
    NEW YORK,NY10022     		NONE 501(C)(3) ARTS EDUCATION 400
    THE STUDIO MUSEUM IN HARLEM
    144 W 125TH ST
    NEW YORK,NY10027     		NONE 501(C)(3) ARTS EDUCATION 5,000
    SOLOMON R GUGGENHEIM FOUNDATION
    1071 FIFTH AVENUE
    NEW YORK,NY10128     		NONE 501(C)(3) ARTS EDUCATION 1,000
    COOPER-HEWITT NATIONAL DESIGN MUSEUM
    2 E 91ST ST
    NEW YORK,NY10128     		NONE 501(C)(3) ARTS EDUCATION 2,500
    STUDIO IN A SCHOOL
    410 WEST 59TH STREET
    NEW YORK,NY10019     		NONE 501(C)(3) ARTS EDUCATION 30,000
    THE NEW VICTORY THEATER
    C/O THE NEW 42ND ST 229 WEST 42ND
    STREET
    NEW YORK,NY10036     		NONE 501(C)(3) ARTS EDUCATION 150,000
    AMERICAN JEWISH WORLD SERVICE
    45 W 36TH ST 11
    NEW YORK,NY10018     		NONE 501(C)(3) ARTS EDUCATION 5,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA
    434 WEST 33RD STREET
    NEW YORK,NY10001     		NONE 501(C)(3) EDUCATION 3,000
    PLANNED PARENTHOOD MAR MONTE
    1691 THE ALAMEDA
    SAN JOSE,CA95126     		NONE 501(C)(3) EDUCATION 2,000
    THE NEW YORK MUSIC ENSEMBLE
    34-29 80TH STREET 41
    JACKSON HEIGHTS,NY11372     		NONE 501(C)(3) ARTS EDUCATION 8,000
    MUSE FILM AND TELEVISION
    1 E 53RD ST 10
    NEW YORK,NY10022     		NONE 501(C)(3) ARTS EDUCATION 5,000
    BROADWAY HOUSING
    583 RIVERSIDE DRIVE
    NEW YORK,NY10031     		NONE 501(C)(3) GENERAL SUPPORT 5,000
    ANIMAL RESCUE FUND
    PO BOX 34
    DELAPLANE,VA20144     		NONE 501(C)(3) GENERAL SUPPORT 2,000
    CLINICLOWNS
    PO BOX 1565 3800 BN
    AMERSFOORT    
    NL     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    FREUNDE DER ALBERTINA
    AUGUSTINERSTR 1 1090
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    FREUNDE DES BELVEDERE
    PRINZ EUGEN-STRASE 27
    VIENNA    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    FREUNDE DES MUMOK
    MUSEUMSPLATZ 1 A-1070
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    FREUNDE DES KHM
    HANUSCHGASSE 3 1 STOCK 1010
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    FREUNDESVEREIN LEOPOLD MUSEUM
    HAINBURGER STRASE 26/26 1030
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    GESELLSCHAFT DER FREUNDE DER KUNST
    STONDEHAUSSTRASE 1
    DUSSELDORF    
    GM     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    LIVE MUSIC NOW
    ETTINGSHAUSENGASSE 11
    GRAZ    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    MAK ART SOCIETY
    STUBENRING 5 1010
    VIENNA    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    VEREIN DER FREUNDE DES KUNSTHISTORISCHEN
    HANUSCHGASSE 3 1 STOCK 1010
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    VINCIRAST
    WOHRINGER STRASE 19 1090
    WIEN    
    AU     		NONE FOREIGN IRC SEC 501( GENERAL PROGRAM SUPPORT 1,000
    Total .................................bullet 3a 2,523,197
    bApproved for future payment
    ALVIN AILEY DANCE FOUNDATION
    405 WEST 55TH STREET
    NEW YORK,NY10019     		NONE 501(C)(3) ARTS EDUCATION 15,000
    BROOKLYN ACADEMY OF MUSIC
    30 LAFAYETTE AVENUE
    BROOKLYN,NY11217     		NONE 501(C)(3) ARTS EDUCATION 100,000
    BROOKLYN CENTER FOR PERFORMING ARTS
    PO BOX 100163
    BROOKLYN,NY11210     		NONE 501(C)(3) ARTS EDUCATION 50,000
    CENTER FOR CURATORIAL LEADERSHIP
    174 EAST 80TH STREET
    NEW YORK,NY10075     		NONE 501(C)(3) ARTS SCHOLARSHIP 200,000
    DANCING CLASSROOMS
    25 WEST 31ST STREET FOURTH FLOOR
    NEW YORK,NY10001     		NONE 501(C)(3) ARTS EDUCATION 25,000
    DREAM YARDS PROJECT
    1085 WASHINGTON AVENUE
    BRONX,NY10456     		NONE 501(C)(3) ARTS EDUCATION 25,000
    EPIC THEATRE ENSEMBLE
    55 WEST 39TH STREET 302
    NEW YORK,NY10018     		NONE 501(C)(3) ARTS EDUCATION 200,000
    GROUNDSWELL COMMUNITY MURAL PROJECT
    540 PRESIDENT ST 1A
    BROOKLYN,NY11215     		NONE 501(C)(3) ARTS EDUCATION 50,000
    LITTLE ORCHESTRA SOCIETY
    330 WEST 42ND STREET 12TH FLOOR
    NEW YORK,NY10036     		NONE 501(C)(3) ARTS EDUCATION 25,000
    MANHATTAN GRAPHICS CENTER
    250 W 40TH ST 5TH FLOOR
    NEW YORK,NY10018     		NONE 501(C)(3) ARTS EDUCATION 15,000
    SOK SABAY ASSOCIATION
    STREET 468 NUMBER 75 TUOL TOMPONG 2
    CHANCARMON
    PHNOM PENH,CAMBODIA  
    CB     		NONE IRC SEC 509(A)(2) EDUCATION 22,100
    SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING
    C/O BROADWAY HOUSING 583 RIVERSIDE
    DR
    NEW YORK,NY10031     		NONE 501(C)(3) ARTS EDUCATION 145,000
    IRONDALE PRODUCTIONS INC
    85 S OXFORD STREET
    BROOKLYN,NY11217     		NONE 501(C)(3) ARTS EDUCATION 150,000
    NYU INSTITUTE OF FINE ARTS
    1 EAST 78TH STREET
    NEW YORK,NY10075     		NONE 501(C)(3) ARTS SCHOLARSHIP 144,000
    KIPP NYC
    470 7TH AVENUE 10TH FLOOR
    NEW YORK,NY10018     		NONE 501(C)(3) ARTS EUCATION 200,000
    MS 57 RON BROWN ACADEMY
    C/O NYC DEPT OF EDUCATION 125
    STUYVESANT AVE
    BROOKLYN,NY11221     		NONE 501(C)(3) ARTS EDUCATION 200,000
    MS 343 ACADEMY OF APPLIED MATH & TECHNOLOGY
    C/O NYC DEPT OF EDUCATION 345 BROOK
    AVENUE
    BRONX,NY10454     		NONE 501(C)(3) ARTS EDUCATION 200,000
    MS 378 SCHOOL FOR GLOBAL LEADERSHIP
    C/O NYC DEPT OF EDUCATION 145
    STANTON STREET
    NEW YORK,NY10002     		NONE 501(C)(3) ARTS EDUCATION 200,000
    MS 452 FREDERICK DOUGLASS ACADEMY VIII
    C/O NYC DEPT OF EDUCATION 1400
    PENNSYLVANIA 4TH FL
    BROOKLYN,NY11239     		NONE 501(C)(3) ARTS EDUCATION 200,000
    HS 650 HS OF CONSTRUCTION TRADES ENGINEERING & ARCHITECTURE
    C/O NYC DEPT OF EDUCATION 94-06
    104TH ST
    OZONE PARK,NY11416     		NONE 501(C)(3) ARTS EDUCATION 200,000
    MUSICA SACRA
    PO BOX 974 LENOX HILL STATION
    NEW YORK,NY10021     		NONE 501(C)(3) ARTS EDUCATION 20,616
    MT HOLYOKE COLLEGE ART MUSEUM
    LOWER LAKE ROAD
    SOUTH HADLEY,MA01075     		NONE 501(C)(3) SCHOLARSHIP PROGRAM 56,500
    THE NEW VICTORY THEATER
    C/O THE NEW C/O THE NEW 42ND ST229
    W 42ND ST
    NEW YORK,NY10036     		NONE 501(C)(3) ARTS EDUCATION 450,000
    NEW YORK THEATRE WORKSHOP
    79 E 4TH ST
    NEW YORK,NY10003     		NONE 501(C)(3) ARTS EDUCATION 25,000
    QUEENS MUSEUM
    NYC BUILDING FLUSHING MEADOWS
    CORONA PARK
    QUEENS,NY11368     		NONE 501(C)(3) ARTS EDUCATION 500,000
    SCHOOL OF AMERICAN BALLET
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501(C)(3) ARTS EDUCATION 25,000
    SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE
    200 PARK AVENUE SOUTH SUITE 1116
    NEW YORK,NY10003     		NONE 501(C)(3) ARTS EDUCATION 7,500
    WHITNEY MUSEUM OF AMERICAN ART
    945 MADISON AVENUE
    NEW YORK,NY10021     		NONE 501(C)(3) ARTS EDUCATION 500,000
    Total .................................bullet 3b 3,950,716
    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 92  
    4 Dividends and interest from securities....     14 1,506,441  
    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.....     15 312,611  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 13,349,660  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 15,168,804 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1315,168,804
    (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:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COOPERSMITH, SIMON & VOGEL 12,260 9,808   2,452

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

    TY 2014 DepreciationSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    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
    COMPUTER EQUIPMENT 2003-06-30 8,180 8,180 SL 5.000000000000 0 0    
    LEASEHOLD IMPROVEMENTS 2008-06-30 38,005 5,357 SL 39.000000000000 974 0    
    LEASEHOLD IMPROVEMENTS 2009-06-30 104,678 12,078 SL 39.000000000000 2,684 0    
    FURNITURE AND FIXTURES 2009-06-30 40,710 26,172 SL 7.000000000000 5,816 0    
    TELEPHONE EQUIPMENT 2009-06-30 3,871 2,489 SL 7.000000000000 553 0    
    WEBSITE 2009-06-30 2,500 2,500 SL 3.000000000000 0 0    
    FURNITURE AND FIXTURES 2006-06-30 4,238 4,238 SL 7.000000000000 0 0    
    FURNITURE AND FIXTURES 2012-06-30 3,123 669 SL 7.000000000000 446 0    
    FURNITURE AND FIXTURES 2014-02-15 1,824   SL 7.000000000000 239 0    
    LEASEHOLD IMPROVEMENTS 2014-01-15 8,273   SL 39.000000000000 212 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SMH CAPITAL 4,916,665 3,348,496

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADVISORY RESEARCH 6,283,643 7,141,756
    SNOW CAPITAL 10,794,704 12,036,241
    WENTWORTH HAUSER 4,794,009 5,107,171
    WESTFIELD CAPITAL MANAGEMENT 9,887,678 12,666,178
    FIDELITY FLOATING RATE HIGH INC FUND 3,242,681 3,167,984
    WCM INVESTMENT MANAGEMENT 7,665,970 9,135,815
    ALLIANZE GI CONVERTIBLE 4,742,954 4,678,680
    MORGAN STANLEY-BUY WRITE 3,236,652 3,579,483

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HARBOR BOND-INST AT COST 0 0
    IRONWOOD INTERNATIONAL LTD AB AT COST 5,924,869 7,519,594
    TITAN MASTERS INTERNATIONAL FD LTD AT COST 6,067,448 8,659,404
    MEDLEY OPPORTUNITY FUND II LP AT COST 4,698,410 4,155,876
    PIMCO AT COST 4,616,324 4,512,734

    TY 2014 LandEtcSchedule2
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 8,180 8,180 0  
    LEASEHOLD IMPROVEMENTS 38,005 6,331 31,674  
    LEASEHOLD IMPROVEMENTS 104,678 14,762 89,916  
    FURNITURE AND FIXTURES 40,710 31,988 8,722  
    TELEPHONE EQUIPMENT 3,871 3,042 829  
    WEBSITE 2,500 2,500 0  
    FURNITURE AND FIXTURES 4,238 4,238 0  
    FURNITURE AND FIXTURES 3,123 1,115 2,008  
    FURNITURE AND FIXTURES 1,824 239 1,585  
    LEASEHOLD IMPROVEMENTS 8,273 212 8,061  


    TY 2014 LegalFeesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CARTER LEDYARD & MILBURN 10,483 0   10,483
    LORENZO VALENTINO 2,829 0   2,829
    WITHERS BERGMAN 380 0   380


    TY 2014 OtherAssetsSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BOOKS,MAQUETTES AND ARTWORK 107,649,018 103,853,668 143,043,978
    DUE FROM URSUS 3,125    


    TY 2014 OtherExpensesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER EXPENSES 10,849 1,085   9,764
    PAYROLL EXPENSE 2,293 0   2,293
    DUES AND SUBSCRIPTIONS 1,105 0   1,105
    INSURANCE 24,106 0   24,106
    TELEPHONE AND INTERNET 6,105 0   6,105
    OFFICE 18,211 0   18,211
    POSTAGE & DELIVERY 1,858 0   1,858
    DELAWARE AGENTS FEE 402 0   402
    ARTWORK HANDLING 2,722 0   2,722
    ARTWORK STORAGE 63,759 0   63,759
    ARTWORK INSURANCE 54,080 0   54,080
    CONSERVATION 6,900 0   6,900
    PENSION SERVICES 1,700 0   1,700
    NEW YORK STATE FILING FEE 1,500 0   1,500
    BANK CHARGES AND TRANSACTION FEES 8,034 7,726   308
    PORTFOLIO DEDUCTIONS-PARTNERSHIPS 2,720 2,720   0


    TY 2014 OtherIncomeSchedule2
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESSTMENT INCOME-PASSTHROUGH ENTITIES 312,611 312,611 312,611


    TY 2014 OtherLiabilitiesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Description Beginning of Year - Book Value End of Year - Book Value
    PENSION PLAN PAYABLE 3,546 0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SMH CAPITAL 30,922 30,922   0
    ADVISORY RESEARCH 71,506 71,506   0
    SNOW CAPITAL 86,829 86,829   0
    GAVION 56,748 56,748   0
    WCM INVESTMENT MANAGEMENT 54,249 54,249   0
    CHARLES STUCKEY 88,020 0   88,020
    WENTWORTH HAUSER 49,084 49,084   0
    WESTFIELD CAPITAL 83,130 83,130   0
    CAROL FEINBERG 15,750 0   15,750
    STEPHEN MACK 10,838 0   10,838
    OTHER 19,642 0   19,642
    MORGAN STANLEY 42,839 42,839   0


    TY 2014 TaxesSchedule
    Name:
    THE PIERRE & TANA MATISSE FOUNDATION INC
    EIN: 13-3838457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHELD 34,757 34,757   0
    PAYROLL TAXES 50,011 780   49,231
    EXCISE TAX 320,000 0   0