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 CERES FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)328 EAST BAY STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLESTON, SC29401
A Employer identification number

58-2479387
B Telephone number (see instructions)

(843) 377-0782
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$32,389,716J 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 167,943 167,943  
4 Dividends and interest from securities...... 382,311 382,311  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,119,018
b Gross sales price for all assets on line 6a 16,991,748
7 Capital gain net income (from Part IV, line 2)... 2,119,018
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 13,116 0  
12 Total. Add lines 1 through 11........ 2,682,388 2,669,272  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 96,885 0   96,885
14 Other employee salaries and wages...... 10,183 0   10,183
15 Pension plans, employee benefits....... 39,250 0   39,250
16a Legal fees (attach schedule)......... Click to see attachment 8,736 0   6,989
b Accounting fees (attach schedule)....... Click to see attachment 5,998 0   2,999
c Other professional fees (attach schedule).... Click to see attachment 355,424 355,424   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 73,558 18,352   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 52,106 0  
20 Occupancy.............. 113,751 0   113,751
21 Travel, conferences, and meetings....... 3,324 0   3,324
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 21,031 16,445   4,586
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 780,246 390,221   277,967
25 Contributions, gifts, grants paid........ 1,110,000 1,110,000
26 Total expenses and disbursements. Add lines 24 and 25 1,890,246 390,221   1,387,967
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 792,142
b Net investment income (if negative, enter -0-) 2,279,051
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.......... 2,500,587 2,191,532 2,191,532
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........... 32,920 39,960 39,960
10a Investments—U.S. and state government obligations (attach schedule) 544,076 Click to see attachment460,184 476,579
b Investments—corporate stock (attach schedule)........ 13,110,953 Click to see attachment15,905,775 18,871,454
c Investments—corporate bonds (attach schedule)........ 3,716,767 Click to see attachment2,712,302 2,763,425
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 6,070,308 Click to see attachment5,596,509 5,713,473
14 Land, buildings, and equipment: basis bullet2,338,043
Less: accumulated depreciation (attach schedule) bullet616,750 1,746,174 Click to see attachment1,721,293 1,721,293
15 Other assets (describe bullet) Click to see attachment612,000 Click to see attachment612,000 Click to see attachment612,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,333,785 29,239,555 32,389,716
Liabilities 17 Accounts payable and accrued expenses.......... 253,464 16,567
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 attachment1,416 Click to see attachment351,941
23 Total liabilities (add lines 17 through 22).......... 254,880 368,508
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 28,078,905 28,871,047
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)...... 28,078,905 28,871,047
31 Total liabilities and net assets/fund balances (see instructions).. 28,333,785 29,239,555
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 28,078,905
2 Enter amount from Part I, line 27a..................... 2 792,142
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 28,871,047
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 28,871,047
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 RJ 7137 SHORT TERM P    
b RJ 7137 LONG TERM P    
c RJ 9034 SHORT TERM P    
d RJ 9034 LONG TERM P    
e RJ 5170 SHORT TERM P    
RJ 5170 LONG TERM P    
RJ 5432 SHORT TERM P    
RJ 5432 LONG TERM 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 2,241,097   2,174,530 66,567
b 6,798,513   4,791,180 2,007,333
c 510,000   510,000 0
d 781,000   781,000 0
e 1,538,278   1,537,001 1,277
2,521,554   2,495,860 25,694
2,463,772   2,470,245 -6,473
124,677   112,914 11,763
12,857     12,857
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       66,567
b       2,007,333
c       0
d       0
e       1,277
      25,694
      -6,473
      11,763
      12,857
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 2,119,018
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 1,242,697 27,919,722 0.044510
2012 1,245,686 25,661,886 0.048542
2011 1,268,573 26,789,690 0.047353
2010 1,389,633 26,271,606 0.052895
2009 1,432,027 24,293,222 0.058948
2 Total of line 1, column (d) ...................... 2 0.252248
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 0.050450
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 29,720,217
5 Multiply line 4 by line 3....................... 5 1,499,385
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 22,791
7 Add lines 5 and 6......................... 7 1,522,176
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,387,967
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 45,581
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 45,581
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 45,581
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 39,960
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 39,960
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 5,621
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletSC
    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 ofbulletSTEPHEN GAVEL Telephone no.bullet (843) 377-0782
    Located atbullet328 EAST BAY STREETCHARLESTONSC ZIP+4bullet29401
    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
    Yes
     
    .........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
    STEPHEN L GAVEL PRESIDENT/EXEC. DIRECTOR
    30.00     		96,885 0 0
    BREWTON PLANTATION
    YEMASSEE,SC29945
    FRANK GAVEL JR TREASURER
    2.00     		0 0 0
    14 WILLOW BROOK LANE
    NEWTOWN,CT06470
    LINDA GAVEL WEBB VICE PRESIDENT
    1.00     		0 0 0
    3861 COUNTRY CLUB ROAD
    TROUTVILLE,VA24175
    SHARON O'QUINN SECRETARY
    1.00     		0 0 0
    328 EAST BAY STREET
    CHARLESTON,SC29401
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    EAGLE ASSET MANAGEMENT INVESTMENT MANAGEMENT 355,424
    880 CARILLON PARKWAY
    ST PETERSBURG,FL33733
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    28,169,540
    b
    Average of monthly cash balances.......................
    1b
    2,003,269
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    30,172,809
    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
    30,172,809
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    452,592
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    29,720,217
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,486,011
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,486,011
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    45,581
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    45,581
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,440,430
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,440,430
    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
    1,440,430
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,387,967
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,387,967
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,387,967
    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 1,440,430
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 73,454
    b From 2010....... 97,395
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 170,849
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,387,967
    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..... 1,387,967
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 52,463 52,463
    (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 5 118,386
    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) ...     		20,991
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		97,395
    10 Analysis of line 9:
    a Excess from 2010.... 97,395
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    A BETTER CHANCE
    253 WEST 35TH STREET 6TH FLOOR
    NEW YORK,NY10001     		NONE PUBLIC CHARITY GENERAL FUND 25,000
    ABILITY BEYOND DISABILITY
    4 BERKSHIRE BOULEVARD
    BETHEL,CT06801     		NONE PUBLIC CHARITY GENERAL FUND 10,000
    AMERICAN HEART ASSOCIATION
    400 PERCIVAL RD
    COLUMBIA,SC29206     		NONE PUBLIC CHARITY GENERAL FUND 1,500
    AMI KIDS BEAUFORT
    60 HONEYBEE ISLAND RD
    SEABROOK,SC29940     		NONE PUBLIC CHARITY GENERAL FUND 10,000
    AMOS HOUSE
    34 ROCKY GLEN RD
    DANBURY,CT06810     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    ANGEL FLIGHT
    2000 AIRPORT ROAD SUITE 227
    ATLANTA,GA30341     		NONE PUBLIC CHARITY GENERAL FUND 2,000
    ANN'S PLACE
    39 OLD RIDGEBURY RD P-4 SUITE 17
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GENERAL FUND 30,000
    AUDUBON SC
    336 SANCTUARY RD
    HARLEYVILLE,SC29448     		NONE OTHER PUBLIC CHARITY EDUCATION & CONSERVATION 20,000
    BARRIER ISLANDS FREE MEDICAL CLINIC
    220 RHETTS BLUFF
    KIAWAH ISLAND,SC29455     		NONE OTHER PUBLIC CHARITY GENERAL FUND/ HONOR B. KUNES 5,000
    BEAUFORT MEMORIAL HOSPITAL FOUNDATION
    PO BOX 2233
    BEAUFORT,SC29901     		NONE OTHER PUBLIC CHARITY LIFE FIT FUND 10,000
    BELLE BARUCH FOUNDATION
    22 HOBCAW ROAD
    GEORGETOWN,SC29440     		NONE PUBLIC CHARITY RESTORATION WORK 20,000
    BEST PETS INC
    4567 W MONCRIEFF PLACE
    DENVER,CO80212     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    BLUE RIDGE LITERACY
    706 S JEFFERSON STREET
    ROANOKE,VA24016     		NONE PUBLIC CHARITY OPERATING FUND 10,000
    BOTETOURT TECHNICAL EDUCATION CENTER
    253 POOR FARM ROAD
    FINCASTLE,VA24090     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    BOYS AND GIRLS CLUB OF DELAWARE
    669 SOUTH UNION STREET
    WILMINGTON,DE19805     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    BOYS FARM INC
    PO BOX 713
    NEWBERRY,SC29108     		NONE OTHER PUBLIC CHARITY AGRICULTURE PROGRAMS 15,000
    BUSINESS & INDUSTRY FOUNDATION OF WEST CONNECTICUT
    39 WEST STREET
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GOLF TOURNAMENT 5,000
    CANINE ADVOCATES OF NEWTOWN
    PO BOX 236
    NEWTOWN,CT06470     		NONE PUBLIC CHARITY GENERAL FUND 3,000
    CAPE CARES
    PO BOX 1049
    EAST ORLEANS,MA02643     		NONE OTHER PUBLIC CHARITY GENERAL FUND 3,000
    CENTER FOR HEIRS PROPERTY
    1535 SAM RITTENBERG BLVD STE D
    CHARLESTON,SC29407     		NONE PUBLIC CHARITY YEMASSEE WORK 5,000
    CHANNEL 3 KIDS CAMP
    73 TIMES FARM RD
    ANDOVER,CT06232     		NONE OTHER PUBLIC CHARITY GENERAL FUND 3,000
    CHARLESTON ANIMAL SOCIETY
    2455 REMOUNT ROAD
    NORTH CHARLESTON,SC29406     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    CHARLESTON AREA THERAPEUTIC RIDING INC
    PO BOX 146
    JOHNS ISLAND,SC29457     		NONE OTHER PUBLIC CHARITY ROOF & GENERAL FUND 10,000
    CHARLESTON HORTICULTURAL SOCIETY
    46 WINDERMERE BOULEVARD
    CHARLESTON,SC29407     		NONE OTHER PUBLIC CHARITY PLANTASIA CHALLENGE 7,000
    CHARLESTON LIBRARY SOCIETY
    164 KING STREET
    CHARLESTON,SC29401     		NONE PUBLIC CHARITY BINDERY 10,000
    CHARLESTON PARKS CONSERVANCY
    PO BOX 21000
    CHARLESTON,SC29413     		NONE PUBLIC CHARITY COMMUNITY GARDEN FUND 5,000
    CHILD HEALTH INVESTMENT PARTNERSHIP
    1201 3RD STREET SW
    ROANOKE,VA24016     		NONE OTHER PUBLIC CHARITY GENERAL FUND 10,000
    CHILDREN'S ADVENTURE CENTER
    14 RIVERSIDE RD
    SANDY HOOK,CT06482     		NONE OTHER PUBLIC CHARITY GENERAL FUND 3,000
    CLASSES 4 CLASSES
    PO BOX 52
    FAIRFIELD,CT06824     		NONE OTHER PUBLIC CHARITY WEBSITE 2,500
    COMMUNITY HIGH SCHOOL
    302 CAMPBELL AVENUE SE
    ROANOKE,VA24013     		NONE PUBLIC CHARITY SCIENCE BUILDING 50,000
    CONNECTICUT BURNS CARE FOUNDATION INC
    601 BOSTON POST ROAD
    MILFORD,CT06460     		NONE OTHER PUBLIC CHARITY GENERAL FUND 3,000
    CONNECTICUT CHILDREN'S MEDICAL CENTER FOUNDATION INC
    282 WASHINGTON STREET
    HARTOFRD,CT06106     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    CORNELIA CONNELLY CENTER
    220 EAST FOURTH STREET
    NEW YORK,NY10009     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    CYCLE FOR SURVIVAL
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE PUBLIC CHARITY HONOR OF LISA CLARK 5,000
    CYSTIC FIBROSIS FOUNDATION - IOWA CHAPTER
    1025 ASHWORTH RD SUITE 512
    WEST DES MOINES,IA50312     		NONE OTHER PUBLIC CHARITY SHOOT FOR THE CURE 5,000
    DOROTHY DAY HOSPITALITY HOUSE
    PO BOX 922
    DANBURY,CT06813     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    EAST COOPER MEALS ON WHEELS
    PO BOX 583
    MT PLEASANT,SC29465     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    FAITH FOOD PANTRY
    119 BOGGS HILLS ROAD
    NEWTOWN,CT06470     		NONE OTHER PUBLIC CHARITY GENERAL FUND 3,000
    FENNELL ELEMENTARY SCHOOL
    PO BOX 427
    YEMASSEE,SC29945     		NONE OTHER PUBLIC CHARITY GENERAL FUND 55,000
    FOOD AND ALLERGY RESEARCH AND EDUCATION
    7925 JONES BRANCH DRIVE SUITE 1100
    MCLEAN,VA22102     		NONE PUBLIC CHARITY GENERAL FUND AND NYC FUNDRAISER LUNCH 6,000
    FRIENDS OF CAROLINE HOSPICE
    1110 13TH STREET
    PORT ROYAL,SC29935     		NONE OTHER PUBLIC CHARITY GENERAL FUND 50,000
    FRIENDS OF THE BEAUFORT COUNTY LIBRARY
    311 SCOTT ST
    BEAUFORT,SC29902     		NONE OTHER PUBLIC CHARITY GENERAL FUND 1,000
    GIBBES MUSEUM OF ART
    135 MEETING ST
    CHARLESTON,SC29401     		NONE OTHER PUBLIC CHARITY CAPITAL CAMPAIGN 50,000
    GOOD NEIGHBOR MEDICAL CLINIC
    PO BOX 583
    BEAUFORT,SC29901     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    GREATER NEW HAVEN COMMUNITY
    171 ORANGE ST 3RD FLOOR
    NEW HAVEN,CT06510     		NONE OTHER PUBLIC CHARITY HOUSING FOR HEROES GT 5,000
    GROWFOOD CAROLINA
    900 MORRISON DRIVE
    CHARLESTON,SC29403     		NONE PUBLIC CHARITY GENERAL FUND 50,000
    HARRISON MUSEUM OF AFRICAN AMERICAN CULTURE
    PO BOX 12544
    ROANOKE,VA24026     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    HOLLINS UNIVERSITY
    PO BOX 69629
    ROANOKE,VA24020     		NONE PUBLIC CHARITY GENERAL FUND 50,000
    HOTCHKISS SCHOOL
    PO BOX 800
    LAKEVILLE,CT06039     		NONE OTHER PUBLIC CHARITY GENERAL FUND 35,000
    HOUSATONIC HABITAT FOR HUMANITY
    90 SHELTER ROCK RD
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    INTERNATIONAL MEDICAL CORPS
    1919 SANTA MONICA BLVD SUITE 300
    SANTA MONICA,CA90404     		NONE OTHER PUBLIC CHARITY GENERAL FUND 30,000
    JUVENILE DIABETES RESEARCH FOUNDATION GEORGIA CHAPTER
    120 WALL STREET 19TH FLOOR
    NEW YORK,NY10005     		NONE OTHER PUBLIC CHARITY BOBBIE'S BAND & ATLANTA WALK 15,000
    JEFFERSON CENTER FOUNDATION
    541 LUCK AVENUE SW SUITE 221
    ROANOKE,VA24016     		NONE OTHER PUBLIC CHARITY OPERATING FUND 10,000
    KEVIN'S COMMUNITY CENTER
    31 PECKS LANE
    NEWTOWN,CT06470     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    LITERACY VOLUNTEERS OF AMERICA - DANBURY
    248 MAIN STREET
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    LOWCOUNTRY OPEN LAND TRUST
    485 EAST BAY STREET
    CHARLESTON,SC29403     		NONE OTHER PUBLIC CHARITY GENERAL FUND 30,000
    MILL MOUNTAIN THEATRE
    ONE MARKET SQUARE SE
    ROANOKE,VA24011     		NONE OTHER PUBLIC CHARITY GENERAL FUND 10,000
    MUSC CHILDREN'S HOSPITAL FUND
    59 BEE STREET
    CHARLESTON,SC29425     		NONE PUBLIC CHARITY CHILDREN/WOMEN'S FUND 50,000
    NATIONAL PKU ALLIANCE
    PO BOX 501
    TOMAHAWK,WI54487     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    THE NATURE CONSERVANCY OF SC
    PO BOX 20246
    CHARLESTON,SC29413     		NONE OTHER PUBLIC CHARITY ACE BASIN FUND 10,000
    NEMOURS WILDLIFE FOUNDATION
    161 NEMOURS PLANTATION ROAD
    YEMASSEE,SC29945     		NONE OTHER PUBLIC CHARITY CHALLENGE/BUILDING FUND 20,000
    NEWTOWN FOREST ASSOCIATION INC
    PO BOX 213
    NEWTOWN,CT06470     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    NEWTOWN HOOK AND LADDER
    PO BOX 3911
    NEWTOWN,CT06470     		NONE PUBLIC CHARITY GENERAL FUND 3,000
    NEWTOWN UNDERWATER SEARCH AND RESCUE
    PO BOX 3203
    NEWTOWN,CT06470     		NONE PUBLIC CHARITY GENERAL FUND 3,000
    NEWTOWN VOLUNTEER AMBULANCE
    PO BOX 344
    NEWTOWN,CT06470     		NONE PUBLIC CHARITY GENERAL FUND 3,000
    NEWTOWN YOUTH AND FAMILY SERVICES
    17 CHURCH HILL RD
    NEWTOWN,CT06470     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    NEXTSTEP FITNESS
    4447 REDONDO BEACH BLVD
    LAWNDALE,CA90260     		NONE PUBLIC CHARITY HONOR OF TAYLOR PRICE 10,000
    OPERA ROANOKE
    1 MARKET SQ SE STE 2
    ROANOKE,VA24011     		NONE OTHER PUBLIC CHARITY GENERAL FUND 25,000
    PARKINSON'S DISEASE FOUNDATION
    1359 BROADWAY SUITE 1509
    NEW YORK,NY10018     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    QUALITY DEER MANAGEMENT ASSOCIATION
    PO BOX 160
    BOGART,GA30622     		NONE OTHER PUBLIC CHARITY GENERAL FUND 10,000
    REGIONAL HOSPICE OF WESTERN CT
    405 MAIN STREET
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GENERAL FUND 30,000
    REGIONAL YMCA OF WESTERN CONNECTICUT
    2 HUCKELBERRY HILL RD
    BROOKFIELD,CT06804     		NONE OTHER PUBLIC CHARITY GOLF TOURNAMENT 5,000
    ROANOKE AREA YOURTH SUBSTANCE ABUSE COALITION
    PO BOX 13543
    ROANOKE,VA24035     		NONE PUBLIC CHARITY GENERAL FUND 10,000
    ROANOKE CHILDREN'S THEATRE
    PO BOX 4392
    ROANOKE,VA24015     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    ROANOKE SYMPHONY ORCHESTRA
    541 LUCK AVENUE SW SUITE 200
    ROANOKE,VA24016     		NONE PUBLIC CHARITY TABLES FOR BALL 3,000
    ROANOKE VALLEY SPCA INC
    1340 BALDWIN AVENUE
    ROANOKE,VA24012     		NONE OTHER PUBLIC CHARITY MEMORY OF SPUNKY 5,000
    SAFE HAVEN OF GREATER WATERBURY
    29 CENTRAL AVENUE
    WATERBURY,CT06702     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    SOUTH CAROLINA AQUARIUM
    100 AQUARIUM WHARF
    CHARLESTON,SC29401     		NONE OTHER PUBLIC CHARITY EDUCATIONAL PROGRAMS 20,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    201 WEST MAIN ST SUITE 14
    CHARLOTTESVILLE,VA22902     		NONE OTHER PUBLIC CHARITY CRUISE SHIP WORK 20,000
    TULANE UNIVERSITY
    3439 PRYTANIA STREET
    NEW ORLEANS,LA70115     		NONE PUBLIC CHARITY GENERAL FUND 10,000
    UNIVERSITY OF CT MASTER GARDENER
    2390 ALUMNI DRIVE UNIT 3206
    STORRS,CT06269     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    VOICE FOR JOANIE
    5 GLENWOOD RD
    NEW MILFORD,CT06776     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    WATER MISSIONS INTERNATIONAL
    PO BOX 31258
    CHARLESTON,SC29417     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    WESTERN CT HEALTH NETWORK
    24 HOSPITAL AVENUE
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GENERAL FUND 50,000
    WESTMINSTER SCHOOL
    PO BOX 337
    SIMSBURY,CT06070     		NONE OTHER PUBLIC CHARITY GENERAL FUND 20,000
    Total .................................bullet 3a 1,110,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 167,943  
    4 Dividends and interest from securities....     14 382,311  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 13,116  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 2,119,018  
    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 2,682,388 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,682,388
    (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 CERES FOUNDATION INC
    EIN: 58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,998 0   2,999

    TY 2014 CashDeemedCharitableExplnStmt
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Explanation:
    CASH GENERATED IN INVESTMENT ACCOUNTS IS TRANSFERRED PERIODICALLY INTO THE OPERATING ACCOUNT TO PAY ONGOING OPERATIONAL COSTS OF THE FOUNDATION.

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

    TY 2014 DepreciationSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    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
    BUILDING 2003-04-15 1,407,046 386,260 SL 39.000000000000 36,078 0    
    BUILDING IMPROVEMENTS 2003-04-15 25,520 7,003 SL 39.000000000000 654 0    
    BUILDING IMPROVEMENTS 2003-08-01 329,755 87,087 SL 39.000000000000 8,455 0    
    BUILDING IMPROVEMENTS 2003-09-01 38,592 10,197 SL 39.000000000000 990 0    
    BUILDING IMPROVEMENTS 2004-01-15 6,843 1,743 SL 39.000000000000 175 0    
    BUILDING IMPROVEMENTS 2004-03-18 15,384 3,858 SL 39.000000000000 394 0    
    BUILDING IMPROVEMENTS 2004-04-01 21,684 5,398 SL 39.000000000000 556 0    
    BUILDING IMPROVEMENTS 2004-04-01 385 97 SL 39.000000000000 10 0    
    BUILDING IMPROVEMENTS 2004-04-14 24,847 6,184 SL 39.000000000000 637 0    
    BUILDING IMPROVEMENTS 2004-10-01 86,800 20,498 SL 39.000000000000 2,226 0    
    AQUARIUM 2003-08-06 2,809 2,809 200DB 7.000000000000 0 0    
    DESK 2003-05-01 7,314 7,314 200DB 10.000000000000 0 0    
    FURNITURE 2003-07-24 10,426 10,426 200DB 10.000000000000 0 0    
    STATUE OF CERES 2004-12-14 6,000 6,000 200DB 7.000000000000 0 0    
    ARTWORK 2005-07-19 19,892     0 % 0 0    
    FAX MACHINE 1999-08-31 205 205 200DB 5.000000000000 0 0    
    COMPUTER AND PRINTER 2005-09-29 1,602 1,602 200DB 5.000000000000 0 0    
    LAND 2003-04-15 248,300   L   0 0    
    BUILDING IMPROVEMENTS 2009-05-04 7,121 854 SL 39.000000000000 183 0    
    BUILDING IMPROVEMENTS 2009-07-09 26,565 3,065 SL 39.000000000000 681 0    
    BUILDING IMPROVEMENTS 2009-08-13 9,740 1,104 SL 39.000000000000 250 0    
    BUILDING IMPROVEMENTS 2009-10-15 12,348 1,347 SL 39.000000000000 317 0    
    COMPUTER 2009-07-02 1,640 773 200DB 5.000000000000 47 0    
    BUILDING IMPROVEMENTS 2004-05-22 10,797   SL 39.000000000000 277 0    
    BUILDING IMPROVEMENTS 2014-08-14 16,428   SL 39.000000000000 176 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Name of Bond End of Year Book Value End of Year Fair Market Value
    RAYMOND JAMES - CORPORATE BONDS 2,712,302 2,763,425

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Name of Stock End of Year Book Value End of Year Fair Market Value
    RAYMOND JAMES - CORPORATE STOCK 15,905,775 18,871,454

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    US Government Securities - End of Year Book Value:

    460,184
    US Government Securities - End of Year Fair Market Value:

    476,579
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RAYMOND JAMES - MUTUAL FUNDS AT COST 135,277 208,609
    RAYMOND JAMES - ASSET BACKED SECURITIES AT COST 2,129,878 2,141,322
    RAYMOND JAMES - REITS/TANGIBLES AT COST 222,130 260,946
    RAYMOND JAMES - ALETRNATIVE INVESTMENTS AT COST 1,609,218 1,655,527
    RAYMOND JAMES - OPEN-END FUNDS AT COST 1,500,006 1,447,069

    TY 2014 LandEtcSchedule2
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 1,407,046 422,338 984,708  
    BUILDING IMPROVEMENTS 25,520 7,657 17,863  
    BUILDING IMPROVEMENTS 329,755 95,542 234,213  
    BUILDING IMPROVEMENTS 38,592 11,187 27,405  
    BUILDING IMPROVEMENTS 6,843 1,918 4,925  
    BUILDING IMPROVEMENTS 15,384 4,252 11,132  
    BUILDING IMPROVEMENTS 21,684 5,954 15,730  
    BUILDING IMPROVEMENTS 385 107 278  
    BUILDING IMPROVEMENTS 24,847 6,821 18,026  
    BUILDING IMPROVEMENTS 86,800 22,724 64,076  
    AQUARIUM 2,809 2,809 0  
    DESK 7,314 7,314 0  
    FURNITURE 10,426 10,426 0  
    STATUE OF CERES 6,000 6,000 0  
    ARTWORK 19,892 0 19,892  
    FAX MACHINE 205 205 0  
    COMPUTER AND PRINTER 1,602 1,602 0  
    LAND 248,300 0 248,300  
    BUILDING IMPROVEMENTS 7,121 1,037 6,084  
    BUILDING IMPROVEMENTS 26,565 3,746 22,819  
    BUILDING IMPROVEMENTS 9,740 1,354 8,386  
    BUILDING IMPROVEMENTS 12,348 1,664 10,684  
    COMPUTER 1,640 1,640 0  
    BUILDING IMPROVEMENTS 10,797 277 10,520  
    BUILDING IMPROVEMENTS 16,428 176 16,252  


    TY 2014 LegalFeesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 8,736 0   6,989


    TY 2014 OtherAssetsSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PROGRAM RELATED ARTWORK 612,000 612,000 612,000


    TY 2014 OtherExpensesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 4,586 0   4,586
    ACCRUED INTEREST ON BONDS 16,445 16,445   0


    TY 2014 OtherIncomeSchedule2
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NONDIVIDEND DISTRIBUTIONS 13,116 0 13,116


    TY 2014 OtherLiabilitiesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL WITHHOLDING TAXES PAYABLE 1,416 1,798
    PENDING TRANSACTIONS 0 350,143


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 355,424 355,424   0


    TY 2014 TaxesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN: 58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 18,352 18,352   0
    EXCISE TAX 55,206 0   0