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
SAMUEL N BEMIS SCHOLARSHIP FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3636   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GRAND RAPIDS, MI495013636
A Employer identification number

36-7112890
B Telephone number (see instructions)

(800) 400-0439
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$1,334,885J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 27,227 27,227  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 73,847
b Gross sales price for all assets on line 6a 790,540
7 Capital gain net income (from Part IV, line 2)... 73,847
8 Net short-term capital gain......... 0
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 1    
12 Total. Add lines 1 through 11........ 101,075 101,074  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 870 435 0 435
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,803 356   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 16,576 16,561   15
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,249 17,352 0 450
25 Contributions, gifts, grants paid........ 65,088 65,088
26 Total expenses and disbursements. Add lines 24 and 25 85,337 17,352 0 65,538
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 15,738
b Net investment income (if negative, enter -0-) 83,722
c Adjusted net income (if negative, enter -0-)... 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 -201 -201
2 Savings and temporary cash investments.......... 54,865 89,641 89,641
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)........ 167,147 Click to see attachment190,402 248,187
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 993,556 Click to see attachment951,607 997,258
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment724 Click to see attachment583  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,216,294 1,232,032 1,334,885
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 1,218,751 1,286,194
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds -2,457 -54,162
30 Total net assets or fund balances (see instructions)...... 1,216,294 1,232,032
31 Total liabilities and net assets/fund balances (see instructions).. 1,216,294 1,232,032
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 1,216,294
2 Enter amount from Part I, line 27a..................... 2 15,738
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,232,032
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 1,232,032
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 4.431 GOLDMAN SACHS M/C VALUE-INST   2013-12-06 2014-01-07
b 36.593 BARON GROWTH INSTL   2013-12-19 2014-01-16
c 7.465 BARON GROWTH INSTL   2013-08-27 2014-01-16
d 131.994 BARON GROWTH INSTL   2013-05-08 2014-01-16
e 108.233 DIAMOND HILL SM CAP - I   2013-12-19 2014-01-16
277.077 DIAMOND HILL SM CAP - I   2013-07-24 2014-01-16
37.97 GOLDMAN SACHS M/C VALUE-INST   2013-08-27 2014-01-16
53.164 GOLDMAN SACHS M/C VALUE-INST   2013-03-25 2014-01-16
10.101 GOLDMAN SACHS M/C VALUE-INST   2013-12-19 2014-01-16
49.2368 GOLDMAN SACHS M/C VALUE-INST   2013-05-08 2014-01-16
144.7722 GOLDMAN SACHS M/C VALUE-INST   2013-05-08 2014-01-16
62.819 J P MORGAN TR INCOME OPP SEL   2013-03-25 2014-01-16
702.439 J P MORGAN TR INCOME OPP SEL   2013-03-25 2014-01-16
.961 MAINSTAY MARKETFIELD I   2013-11-13 2014-01-16
1585.052 MAINSTAY MARKETFIELD I   2013-08-27 2014-01-16
130.819 MAINSTAY MARKETFIELD I   2013-05-08 2014-01-16
3213.694 OPPENHEIMER INTL BD FD CL Y   2013-03-01 2014-01-16
48.63 OPPENHEIMER DVLPING MKTS-Y   2013-11-13 2014-01-16
39.282 OPPENHEIMER DVLPING MKTS-Y   2013-05-08 2014-01-16
429.745 OPPENHEIMER DVLPING MKTS-Y   2013-03-01 2014-01-16
46.343 T ROWE PRICE MID-CAP GROWTH FUND   2013-12-19 2014-01-16
15.207 T ROWE PRICE MID-CAP GROWTH FUND   2013-08-27 2014-01-16
119.196 T ROWE PRICE MID-CAP GROWTH FUND   2013-05-08 2014-01-16
19. UBS E-TRACS ALERIAN MLP INFRASTR ETN ETF [QDI]   2013-10-16 2014-01-16
16. UBS E-TRACS ALERIAN MLP INFRASTR ETN ETF [QDI]   2013-12-19 2014-01-16
236. UBS E-TRACS ALERIAN MLP INFRASTR ETN ETF [QDI]   2013-03-01 2014-01-16
3. INTERNATIONAL BUSINESS MACHINES COM   2013-08-08 2014-01-27
26. INTERNATIONAL BUSINESS MACHINES COM   2008-11-05 2014-01-27
5. AMERICAN INTL GROUP INC   2013-06-11 2014-01-28
1. GILEAD SCIENCES INC COM   2013-06-05 2014-01-28
3. GILEAD SCIENCES INC COM   2011-08-22 2014-01-28
5. J P MORGAN CHASE & CO   2013-05-16 2014-01-28
11. GILEAD SCIENCES INC COM   2011-08-22 2014-01-30
26. NOBLE CORP PLC ISIN# GB00BFG3KF26 [QDI]   2013-05-09 2014-02-04
41. NOBLE CORP PLC ISIN# GB00BFG3KF26 [QDI]   2013-03-27 2014-02-04
45. NOBLE CORP PLC ISIN# GB00BFG3KF26 [QDI]   2011-10-27 2014-02-04
29. AXIS CAPITAL HOLDINGS LTD   2013-05-15 2014-02-12
28. TIME WARNER CABLE INC   2013-03-07 2014-02-13
87. AXIS CAPITAL HOLDINGS LTD   2013-05-15 2014-02-13
23. AXIS CAPITAL HOLDINGS LTD   2013-06-11 2014-02-13
51.468 HARBOR CAPITAL APPRECIATION   2014-01-16 2014-02-20
871.34 J P MORGAN TR INCOME OPP SEL   2013-03-25 2014-02-20
828.397 OPPENHEIMER DVLPING MKTS-Y   2013-03-01 2014-02-20
67.586 PIMCO TOTAL RETURN FUND(IT   2013-07-24 2014-02-20
14.214 PIMCO TOTAL RETURN FUND(IT   2013-07-24 2014-02-20
17. UBS E-TRACS ALERIAN MLP INFRASTR ETN ETF [QDI]   2013-03-01 2014-02-20
27. VANGUARD REIT ETF   2013-10-16 2014-02-20
759.214 WILLIAM BLAIR FDS ALLOC I   2014-01-16 2014-02-20
14. KNOWLES CORP   2013-08-29 2014-03-07
10. KNOWLES CORP   2013-08-29 2014-03-07
.5 KNOWLES CORP   2013-08-29 2014-03-07
14.018 BARON GROWTH INSTL   2013-05-08 2014-03-19
25.837 BARON GROWTH INSTL   2013-03-25 2014-03-19
84.368 DIAMOND HILL SM CAP - I   2013-07-24 2014-03-19
186.038 EUROPACIFIC GROWTH FD CL F-2   2014-01-16 2014-03-19
31.9891 GLOBAL X TOP GURU INDEX ETF   2014-01-16 2014-03-19
352.0109 GLOBAL X TOP GURU INDEX ETF   2014-01-16 2014-03-19
39.131 GOLDMAN SACHS M/C VALUE-INST   2013-05-08 2014-03-19
10.101 GOLDMAN SACHS M/C VALUE-INST   2013-05-08 2014-03-19
13.716 GOLDMAN SACHS M/C VALUE-INST   2013-03-04 2014-03-19
119.723 HARBOR CAPITAL APPRECIATION   2014-01-16 2014-03-19
46.2524 MFS VALUE FUND CLASS I   2014-01-16 2014-03-19
150.5076 MFS VALUE FUND CLASS I   2014-01-16 2014-03-19
4. MASTERCARD INC   2014-01-28 2014-03-19
27. MASTERCARD INC   2011-08-22 2014-03-19
16.742 T ROWE PRICE MID-CAP GROWTH FUND   2013-05-08 2014-03-19
23.385 T ROWE PRICE MID-CAP GROWTH FUND   2013-03-25 2014-03-19
63. STATE STR CORP COM   2013-07-24 2014-03-26
15. STATE STR CORP COM   2013-08-08 2014-03-26
4. AUTOZONE INC COM   2013-08-08 2014-04-09
3. AUTOZONE INC COM   2013-03-06 2014-04-09
55. WAL MART STORES INC COM   2013-02-27 2014-04-09
137.747 BLACKROCK FDS II STRG OPP INSTL   2014-01-16 2014-04-15
55.864 EATON VANCE FLOATING RATE I   2014-03-19 2014-04-15
22.239 EUROPACIFIC GROWTH FD CL F-2   2014-01-16 2014-04-15
114.725 OPPENHEIMER INTL BD FD CL Y   2013-03-01 2014-04-15
27.979 OPPENHEIMER DVLPING MKTS-Y   2013-03-01 2014-04-15
49.165 PIMCO TOTAL RETURN FUND(IT   2014-03-19 2014-04-15
57.115 PIMCO TOTAL RETURN FUND(IT   2013-07-24 2014-04-15
203.315 TCW EMERGING MARKETS INCOME CL I   2013-03-01 2014-04-15
267. UBS E-TRACS ALERIAN MLP INFRASTR ETN ETF [QDI]   2013-03-01 2014-04-15
15. VANGUARD REIT ETF   2013-10-16 2014-04-15
74.739 WILLIAM BLAIR FDS ALLOC I   2014-01-16 2014-04-15
42. EAST WEST BANCORP INC   2013-09-13 2014-04-16
5. EAST WEST BANCORP INC   2011-08-22 2014-04-16
36. J P MORGAN CHASE & CO   2013-05-16 2014-04-23
88. J P MORGAN CHASE & CO   2012-10-22 2014-04-23
51. UNITEDHEALTH GROUP INC   2012-08-08 2014-04-23
41. AMERICAN INTL GROUP INC   2013-06-11 2014-04-24
3. AMERICAN INTL GROUP INC   2012-08-08 2014-04-24
7.593 BARON GROWTH INSTL   2014-04-15 2014-05-15
12.263 BARON GROWTH INSTL   2013-03-25 2014-05-15
14.332 BARON GROWTH INSTL   2010-05-19 2014-05-15
74.693 DIAMOND HILL SM CAP - I   2013-07-24 2014-05-15
27.003 EATON VANCE FLOATING RATE I   2013-09-20 2014-05-15
28.861 EATON VANCE FLOATING RATE I   2014-03-19 2014-05-15
95.285 EATON VANCE FLOATING RATE I   2013-09-20 2014-05-15
918.371 EATON VANCE FLOATING RATE I   2013-03-04 2014-05-15
163.799 EUROPACIFIC GROWTH FD CL F-2   2014-01-16 2014-05-15
78.014 EUROPACIFIC GROWTH FD CL F-2   2014-01-16 2014-05-15
443. GLOBAL X TOP GURU INDEX ETF   2014-01-16 2014-05-15
56.979 GOLDMAN SACHS M/C VALUE-INST   2013-03-04 2014-05-15
11.508 HARBOR CAPITAL APPRECIATION   2014-01-16 2014-05-15
40.846 MFS VALUE FUND CLASS I   2014-01-16 2014-05-15
14.725 T ROWE PRICE MID-CAP GROWTH FUND   2013-03-25 2014-05-15
15.334 T ROWE PRICE MID-CAP GROWTH FUND   2013-03-05 2014-05-15
16. VANGUARD REIT ETF   2013-10-16 2014-05-15
382. GLOBAL X TOP GURU INDEX ETF   2014-01-16 2014-05-19
32. GLOBAL X TOP GURU INDEX ETF   2014-01-16 2014-05-19
49. NORTHEAST UTILS COM   2012-02-01 2014-05-21
28. WALGREEN CO COM   2012-07-19 2014-05-21
8. AUTOZONE INC COM   2013-01-30 2014-05-28
4.125 TIME INC   2013-10-17 2014-06-10
4.5 TIME INC   2013-11-25 2014-06-10
41. ALLIANT CORP   2011-08-22 2014-06-18
15.315 EUROPACIFIC GROWTH FD CL F-2   2014-01-16 2014-06-18
21. FEDEX CORP   2013-05-15 2014-06-18
65.451 HARBOR CAPITAL APPRECIATION   2014-01-16 2014-06-18
11.508 HARBOR CAPITAL APPRECIATION   2014-01-16 2014-06-18
69.437 HARBOR CAPITAL APPRECIATION   2013-12-19 2014-06-18
10.187 HARBOR CAPITAL APPRECIATION   2013-11-13 2014-06-18
186.863 MFS VALUE FUND CLASS I   2014-01-16 2014-06-18
44. SLM CORP COMMON STOCK   2013-08-08 2014-06-18
22. SLM CORP COMMON STOCK   2014-01-17 2014-06-18
134. SLM CORP COMMON STOCK   2013-06-26 2014-06-18
23. ORACLE CORPORATION COM   2009-03-24 2014-06-25
58. ORACLE CORPORATION COM   2008-12-19 2014-06-25
12. MONDELEZ INTL INC CL A   2012-11-19 2014-06-26
57. MONDELEZ INTL INC CL A   2012-11-19 2014-06-26
18. TIME WARNER INC   2013-10-17 2014-07-09
908.89 EATON VANCE FLOATING RATE I   2013-03-04 2014-07-16
2479.506 EATON VANCE FLOATING RATE I   2013-08-27 2014-07-16
132.58 EUROPACIFIC GROWTH FD CL F-2   2014-01-16 2014-07-16
47.497 EUROPACIFIC GROWTH FD CL F-2   2014-02-20 2014-07-16
31.078 HARBOR CAPITAL APPRECIATION   2013-11-13 2014-07-16
1.738 HARBOR CAPITAL APPRECIATION   2014-04-15 2014-07-16
166.956 PIMCO TOTAL RETURN FUND(IT   2014-06-18 2014-07-16
4993.647 PIMCO TOTAL RETURN FUND(IT   2013-07-24 2014-07-16
885.992 PIMCO TOTAL RETURN FUND(IT   2013-09-20 2014-07-16
1067.801 PIMCO TOTAL RETURN FUND(IT   2014-01-16 2014-07-16
100.303 PIMCO TOTAL RETURN FUND(IT   2013-12-19 2014-07-16
15. TIME WARNER INC   2013-10-17 2014-07-16
1. TIME WARNER INC   2013-11-25 2014-07-16
253. UBS E-TRACS ALERIAN MLP INFRASTR ETN ETF [QDI]   2013-03-01 2014-07-16
24. AMERICAN INTL GROUP INC   2012-08-08 2014-07-18
20. TIME WARNER INC   2013-11-25 2014-07-22
30. GILEAD SCIENCES INC COM   2011-08-22 2014-07-28
87. MYLAN LABS INC COM   2011-08-22 2014-07-30
50. EATON CORP PLC SHS [QDI]   2014-06-25 2014-08-01
66. GENERAL ELECTRIC CO   2013-02-07 2014-08-05
28. GENERAL ELECTRIC CO   2012-11-19 2014-08-05
58. GENERAL ELECTRIC CO   2012-11-19 2014-08-05
45. AUTOMATIC DATA PROCESSING INC COM   2013-07-10 2014-08-06
54.426 AVENUE MUTUAL FUNDS   2014-03-19 2014-08-12
387.629 BLACKROCK FDS II STRG OPP INSTL   2014-07-16 2014-08-12
268.349 EUROPACIFIC GROWTH FD CL F-2   2014-02-20 2014-08-12
43.065 HOTCHKIS & WILEY HIGH YIELD I   2014-01-16 2014-08-12
153.388 J P MORGAN TR INCOME OPP SEL   2013-03-25 2014-08-12
83.42 LITMAN GREGORY MASTER ALT STRATEGIES INSTL   2014-05-15 2014-08-12
84.478 MAINSTAY MARKETFIELD I   2014-04-15 2014-08-12
56.2787 MAINSTAY MARKETFIELD I   2014-03-19 2014-08-12
10.9103 MAINSTAY MARKETFIELD I   2014-03-19 2014-08-12
265.993 OPPENHEIMER INTL BD FD CL Y   2013-03-01 2014-08-12
368.888 SENTINEL GROUP FDS INC   2014-07-16 2014-08-12
134.763 TCW EMERGING MARKETS INCOME CL I   2013-03-01 2014-08-12
75.834 TCW EMERGING MARKETS INCOME CL I   2013-03-01 2014-08-12
86. VANGUARD REIT ETF   2013-10-16 2014-08-12
75. VANGUARD REIT ETF   2013-10-16 2014-08-12
51.752 WILLIAM BLAIR FDS ALLOC I   2014-07-16 2014-08-12
8.366 WILLIAM BLAIR FDS ALLOC I   2014-01-16 2014-08-12
40.999 WILLIAM BLAIR FDS ALLOC I   2013-08-27 2014-08-12
23. MONSTER BEVERAGE CORP   2013-05-15 2014-08-14
54. WALGREEN CO COM   2012-07-19 2014-08-19
7.593 BARON GROWTH INSTL   2010-05-19 2014-09-16
.47 BARON GROWTH INSTL   2010-05-19 2014-09-16
15.024 DIAMOND HILL SM CAP - I   2013-07-24 2014-09-16
45.275 EUROPACIFIC GROWTH FD CL F-2   2014-02-20 2014-09-16
13.975 GOLDMAN SACHS M/C VALUE-INST   2013-03-04 2014-09-16
8.869 T ROWE PRICE MID-CAP GROWTH FUND   2013-03-05 2014-09-16
51.752 WILLIAM BLAIR FDS ALLOC I   2013-08-27 2014-09-16
29.443 WILLIAM BLAIR FDS ALLOC I   2013-08-27 2014-09-16
2. GOOGLE INC-CL A   2014-01-28 2014-09-30
1. GOOGLE INC-CL A   2008-10-17 2014-09-30
2. GOOGLE INC-CL A   2009-02-11 2014-09-30
4. GOOGLE INC-CL A   2008-11-05 2014-09-30
95. COCA COLA CO COM   2011-08-22 2014-10-01
296.441 BLACKROCK FDS II STRG OPP INSTL   2014-07-16 2014-10-15
115.141 J P MORGAN TR INCOME OPP SEL   2013-03-25 2014-10-15
80.898 LITMAN GREGORY MASTER ALT STRATEGIES INSTL   2014-05-15 2014-10-15
56.276 MAINSTAY MARKETFIELD I   2014-03-19 2014-10-15
499.628 MAINSTAY MARKETFIELD I   2014-04-15 2014-10-15
587.904 MAINSTAY MARKETFIELD I   2014-05-19 2014-10-15
114.671 MAINSTAY MARKETFIELD I   2014-05-15 2014-10-15
422.043 MAINSTAY MARKETFIELD I   2013-05-08 2014-10-15
2328.93 MAINSTAY MARKETFIELD I   2013-03-01 2014-10-15
188.068 OPPENHEIMER INTL BD FD CL Y   2013-03-01 2014-10-15
194.686 SENTINEL GROUP FDS INC   2014-07-16 2014-10-15
1296.618 TCW EMERGING MARKETS INCOME CL I   2013-03-01 2014-10-15
7. VANGUARD REIT ETF   2014-09-16 2014-10-15
13. VANGUARD REIT ETF   2013-10-16 2014-10-15
56.348 WILLIAM BLAIR FDS ALLOC I   2013-08-27 2014-10-15
7. APPLE COMPUTER INC COM   2014-01-28 2014-10-17
9. APPLE COMPUTER INC COM   2013-02-07 2014-10-17
13. MONSTER BEVERAGE CORP   2013-05-15 2014-10-17
7. MCKESSON CORPORATION   2011-08-22 2014-10-22
22. VERIZON COMMUNICATIONS   2012-11-30 2014-10-23
44. VERIZON COMMUNICATIONS   2011-09-15 2014-10-23
30. BRISTOL MYERS SQUIBB CO COM   2013-07-30 2014-10-30
3. BRISTOL MYERS SQUIBB CO COM   2012-08-08 2014-10-30
31. MASTERCARD INC   2011-08-22 2014-11-04
28. DOVER CORP COM   2013-08-29 2014-11-07
21. DOVER CORP COM   2013-08-29 2014-11-07
13. MONSTER BEVERAGE CORP   2013-05-15 2014-11-07
46. MORGAN STANLEY COM NEW   2014-04-24 2014-11-12
44. NAVIENT CORP   2013-08-08 2014-11-18
22. NAVIENT CORP   2014-01-17 2014-11-18
31.263 HARBOR CAPITAL APPRECIATION   2014-09-16 2014-11-19
11.411 HARBOR CAPITAL APPRECIATION   2014-10-15 2014-11-19
486.09 JPMORGAN US LRG CAP COREPLUS S   2014-10-15 2014-11-19
38.247 J P MORGAN TR INCOME OPP SEL   2013-03-25 2014-11-19
693.593 J P MORGAN TR INCOME OPP SEL   2013-03-25 2014-11-19
25.798 MFS VALUE FUND CLASS I   2014-09-16 2014-11-19
9. VANGUARD REIT ETF   2013-10-16 2014-11-19
700.641 WILLIAM BLAIR FDS ALLOC I   2013-08-27 2014-11-19
36. PACKAGING CORP AMER   2011-08-22 2014-11-21
12. APPLE COMPUTER INC COM   2013-02-07 2014-11-25
.8 CALIFORNIA RES CORP   2012-04-18 2014-12-03
7.6 CALIFORNIA RES CORP   2012-04-18 2014-12-03
12.4 CALIFORNIA RES CORP   2013-07-30 2014-12-03
.4 CALIFORNIA RES CORP   2012-04-18 2014-12-03
7.8 CALIFORNIA RES CORP   2012-09-07 2014-12-03
23. NORWEGIAN CRUISE LINE HLDGS LT   2014-04-09 2014-12-03
29. COMCAST CORP CL A   2013-08-21 2014-12-05
47. QUAL COMM INC   2014-03-19 2014-12-05
.2 CALIFORNIA RES CORP   2012-09-07 2014-12-11
13. DANAHER CORP COMMON   2013-07-15 2014-12-18
66. DANAHER CORP COMMON   2012-04-04 2014-12-18
34. NORWEGIAN CRUISE LINE HLDGS LT   2014-04-09 2014-12-18
29. ALLIANT CORP   2014-09-29 2014-12-22
42. ALLIANT CORP   2011-08-22 2014-12-22
CAPITAL GAIN 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 196   190 6
b 2,643   2,608 35
c 539   487 52
d 9,535   8,308 1,227
e 3,591   3,531 60
9,193   8,847 346
1,700   1,767 -67
2,380   2,330 50
452   437 15
2,204   2,252 -48
6,480   6,622 -142
749   753 -4
8,373   8,401 -28
18   17 1
29,656   27,691 1,965
2,448   2,217 231
19,539   21,018 -1,479
1,793   1,774 19
1,448   1,430 18
15,845   15,097 748
3,422   3,289 133
1,123   1,036 87
8,801   7,695 1,106
728   723 5
613   602 11
9,042   8,553 489
534   565 -31
4,632   2,359 2,273
242   226 16
81   50 31
243   57 186
278   256 22
898   209 689
809   1,030 -221
1,275   1,551 -276
1,399   1,657 -258
1,239   1,337 -98
4,060   2,498 1,562
3,714   4,012 -298
982   1,043 -61
3,027   2,939 88
10,404   10,421 -17
29,574   29,102 472
731   728 3
154   153 1
667   616 51
1,885   1,897 -12
9,414   9,604 -190
419   399 20
299   283 16
15   14 1
1,045   882 163
1,925   1,564 361
2,855   2,694 161
8,989   9,164 -175
802   814 -12
8,823   8,957 -134
1,795   1,733 62
463   442 21
629   589 40
7,086   6,836 250
1,534   1,538 -4
4,992   5,004 -12
314   314  
2,117   828 1,289
1,275   1,081 194
1,781   1,457 324
4,367   4,394 -27
1,040   1,045 -5
2,099   1,723 376
1,574   1,129 445
4,266   3,954 312
1,415   1,404 11
511   512 -1
1,072   1,105 -33
702   746 -44
1,039   983 56
533   530 3
619   614 5
1,734   1,881 -147
10,725   9,676 1,049
1,063   1,052 11
944   945 -1
1,463   1,252 211
174   74 100
2,016   1,844 172
4,929   3,679 1,250
3,841   2,670 1,171
2,147   1,856 291
157   97 60
527   535 -8
851   742 109
995   625 370
2,513   2,385 128
247   248 -1
264   266 -2
871   874 -3
8,394   8,412 -18
8,085   8,139 -54
3,851   3,843 8
10,960   11,273 -313
2,604   2,447 157
628   657 -29
1,367   1,358 9
1,076   918 158
1,121   946 175
1,182   1,122 60
9,473   9,720 -247
794   780 14
2,212   1,726 486
1,928   976 952
4,243   2,913 1,330
95   91 4
103   97 6
2,413   1,541 872
780   754 26
3,092   2,103 989
3,826   3,737 89
673   656 17
4,059   3,849 210
596   560 36
6,520   6,213 307
376   395 -19
188   195 -7
1,145   1,109 36
929   415 514
2,341   1,032 1,309
448   310 138
2,129   1,470 659
1,302   1,173 129
8,316   8,325 -9
22,687   22,687  
6,707   6,531 176
2,403   2,315 88
1,834   1,709 125
103   95 8
1,825   1,820 5
54,581   53,723 858
9,684   9,523 161
11,671   11,466 205
1,096   1,073 23
1,253   977 276
84   64 20
11,024   9,169 1,855
1,320   773 547
1,728   1,280 448
2,745   569 2,176
4,347   1,554 2,793
3,355   3,829 -474
1,645   1,484 161
698   579 119
1,446   1,195 251
3,616   3,210 406
640   636 4
3,996   4,024 -28
13,171   13,082 89
565   566 -1
1,818   1,835 -17
971   969 2
1,471   1,508 -37
980   1,029 -49
190   200 -10
1,625   1,717 -92
4,036   4,028 8
1,164   1,272 -108
655   690 -35
6,481   6,011 470
5,652   5,097 555
657   668 -11
106   106  
521   485 36
2,069   1,329 740
3,362   1,882 1,480
554   340 214
34   21 13
527   480 47
2,257   2,207 50
685   600 85
694   547 147
677   623 54
385   348 37
1,176   1,123 53
588   191 397
1,176   361 815
2,352   696 1,656
4,059   3,211 848
3,027   3,098 -71
1,352   1,383 -31
932   939 -7
919   1,051 -132
8,159   8,918 -759
9,600   10,259 -659
1,873   2,000 -127
6,892   7,154 -262
38,031   38,288 -257
1,132   1,210 -78
2,081   2,126 -45
10,943   11,995 -1,052
521   516 5
967   881 86
713   666 47
684   503 181
880   600 280
1,200   751 449
1,378   516 862
1,059   972 87
2,118   1,581 537
1,746   1,300 446
175   97 78
2,604   951 1,653
2,274   2,024 250
1,706   1,510 196
1,395   751 644
1,647   1,428 219
918   704 214
459   348 111
1,952   1,901 51
713   646 67
15,147   13,606 1,541
450   459 -9
8,164   8,295 -131
919   903 16
710   610 100
9,143   8,282 861
2,630   821 1,809
1,434   799 635
6   6  
53   58 -5
86   95 -9
3   3  
54   58 -4
1,014   719 295
1,637   1,226 411
3,446   3,619 -173
1   2 -1
1,110   891 219
5,634   3,651 1,983
1,557   1,064 493
1,913   1,609 304
2,770   1,579 1,191
      17,985
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       6
b       35
c       52
d       1,227
e       60
      346
      -67
      50
      15
      -48
      -142
      -4
      -28
      1
      1,965
      231
      -1,479
      19
      18
      748
      133
      87
      1,106
      5
      11
      489
      -31
      2,273
      16
      31
      186
      22
      689
      -221
      -276
      -258
      -98
      1,562
      -298
      -61
      88
      -17
      472
      3
      1
      51
      -12
      -190
      20
      16
      1
      163
      361
      161
      -175
      -12
      -134
      62
      21
      40
      250
      -4
      -12
       
      1,289
      194
      324
      -27
      -5
      376
      445
      312
      11
      -1
      -33
      -44
      56
      3
      5
      -147
      1,049
      11
      -1
      211
      100
      172
      1,250
      1,171
      291
      60
      -8
      109
      370
      128
      -1
      -2
      -3
      -18
      -54
      8
      -313
      157
      -29
      9
      158
      175
      60
      -247
      14
      486
      952
      1,330
      4
      6
      872
      26
      989
      89
      17
      210
      36
      307
      -19
      -7
      36
      514
      1,309
      138
      659
      129
      -9
       
      176
      88
      125
      8
      5
      858
      161
      205
      23
      276
      20
      1,855
      547
      448
      2,176
      2,793
      -474
      161
      119
      251
      406
      4
      -28
      89
      -1
      -17
      2
      -37
      -49
      -10
      -92
      8
      -108
      -35
      470
      555
      -11
       
      36
      740
      1,480
      214
      13
      47
      50
      85
      147
      54
      37
      53
      397
      815
      1,656
      848
      -71
      -31
      -7
      -132
      -759
      -659
      -127
      -262
      -257
      -78
      -45
      -1,052
      5
      86
      47
      181
      280
      449
      862
      87
      537
      446
      78
      1,653
      250
      196
      644
      219
      214
      111
      51
      67
      1,541
      -9
      -131
      16
      100
      861
      1,809
      635
       
      -5
      -9
       
      -4
      295
      411
      -173
      -1
      219
      1,983
      493
      304
      1,191
       
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 73,847
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 56,941 1,286,300 0.044267
2012 39,435 1,217,915 0.032379
2011 51,917 1,200,831 0.043234
2010 53,448 1,160,001 0.046076
2009 49,748 1,072,501 0.046385
2 Total of line 1, column (d) ...................... 2 0.212341
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 0.042468
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 1,231,104
5 Multiply line 4 by line 3....................... 5 52,283
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 837
7 Add lines 5 and 6......................... 7 53,120
8 Enter qualifying distributions from Part XII, line 4.............. 8 65,538
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 1 837
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........................... 3 837
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- ..... 5 837
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,660
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,660
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
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 10 823
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet823 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    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
     
     
    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 ofbulletFIFTH THIRD BANK Telephone no.bullet (800) 795-4115
    Located atbullet38 FOUNTAIN SQUARE PLAZACINCINNATIOH ZIP+4bullet45263
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    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
     
    No
    .........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
    FIFTH THIRD BANK TRUSTEE
    1     		0    
    38 FOUNTAIN SQUARE PLAZA
    CINCINNATI,OH45263
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,189,550
    b
    Average of monthly cash balances.......................
    1b
    60,302
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,249,852
    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
    1,249,852
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    18,748
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,231,104
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    61,555
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    61,555
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    837
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    837
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    60,718
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    60,718
    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
    60,718
    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
    65,538
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    65,538
    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
    837
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    64,701
    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 60,718
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 25,083
    b Total for prior years:2012, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 0
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 65,538
    a Applied to 2013, but not more than line 2a 25,083
    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..... 40,455
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		20,263
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GUIDANCE COUNSELOR AT HIGH SCHOOL
    131 FAIRGROUND ROAD
    BRATTLEBORO,VT05301
    (802) 257-0356
    bThe form in which applications should be submitted and information and materials they should include:
    FORMAT PROVIDED BY SCHOOL
    cAny submission deadlines:
    MAY 10TH
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRADUATING FEMALE SENIORS OF BRATTLEBORO UNION H.S., BRATTLEBORO, VERMONT.
    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
    CLARK UNIVERSITY
    & MEYRU BHANTI
    950 MAIN STREET
    WORCESTER,MA01610     		NONE 501(C)(3) EDUCATIONAL/SCHOLARSHIP 5,360
    VANDERBILT UNIVERSITY
    & BRIDGET SHEA-GANDER
    2201 WEST END AVE
    NASHVILLE,TN37235     		NONE 501(C)(3) EDUCATIONAL/SCHOLARSHIP 4,469
    TUFTS UNIVERSITY
    & MEGAN A SIGGINS
    419 BOSTON AVE
    MEDFORD,MA02155     		NONE 501(C)(3) EDUCATIONAL/SCHOLARSHIP 5,360
    UNIVERSITY OF VERMONT
    FBO ELISABETH BEMAK
    85 S PROSPECT STREET
    BURLINGTON,VT05401     		NONE 501(C)(3) EDUCATIONAL/SCHOLARSHIP 4,833
    BRATTLEBORO UNION
    HIGH SCHOOL
    131 FAIRGROUND ROAD
    BATTLEBORO,VT05301     		NONE 501(C)(3) EDUCATIONAL/SCHOLARSHIP 25,080
    TUFTS UNIVERSITY
    & MAIA FULTON-BLACK
    419 BOSTON AVE
    MEDFORD,MA02155     		NONE 501(C)(3) EDUCATIONAL/SCHOLARSHIP 5,075
    UNIVERSITY OF VERMONT
    & CARRIE MADDEN
    UNIVERSITY OF VERMONT
    BURLINGTON,VT05405     		NONE 501(C)(3) EDUCATIONAL/SCHOLARSHIP 5,075
    UNIVERSITY OF VERMONT
    & KATHRYN ANNIS
    UNIVERSITY OF VERMONT
    BURLINGTON,VT05405     		NONE 501(C)(3) EDUCATIONAL/SCHOLARSHIP 4,833
    VIRGINIA COMMONWEALTH UNIVERSITY
    & ARIA ROACH
    821 WEST FRANKLIN STREET
    RICHMOND,VA23284     		NONE 501(C)(3) EDUCATIONAL/SCHOLARSHIP 5,003
    Total .................................bullet 3a 65,088
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....       0 27,227
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		      0 73,847
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFED EXCISE TAX REF         1
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   0 101,075
    13Total. Add line 12, columns (b), (d), and (e)..................
    13101,075
    (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.)
    4 INVESTMENT INCOME IS USED TO PROVIDE SCHOLARSHIPS TO
    8 FEMALE GRADUATES OF BRATTLEBORO UNION HIGH SCHOOL
    11 .
    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:
    SAMUEL N BEMIS SCHOLARSHIP FUND
    EIN: 36-7112890
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 870 435   435

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    SAMUEL N BEMIS SCHOLARSHIP FUND
    EIN: 36-7112890
    Name of Stock End of Year Book Value End of Year Fair Market Value
    HUNTSMAN CORP 4,643 4,738
    MICROSOFT CORP 4,549 7,618
    JP MORGAN    
    GOOGLE INC 2,363 4,738
    IBM    
    APPLE INC 2,310 11,590
    NOBLE CORP    
    COCA COLA CO    
    GILEAD SCIENCES INC 2,125 10,557
    MASTERCARD INC 1,902 5,342
    MCKESSON CORP 1,474 4,152
    MEDTRONIC INC 2,665 6,137
    MYLAN INC    
    ORACLE CORP    
    SCHLUMBERGER LTD 6,754 5,722
    VERIZON COMMUNICATIONS    
    ALLIANT CORP    
    EAST WEST BANCORP INC 2,012 5,265
    PACKAGING CORP OF AMERICA    
    ANHEUSER BUSCH ADR 2,289 4,717
    AM INTL GROUP INC 2,222 3,865
    BRISTOL MYERS SQUIBB CO 2,910 5,313
    DANAHER CORP    
    GENERAL ELECTRIC CO    
    MONDELEZ INTL INC    
    NORTHEAST UTILS    
    OCCIDENTAL PETE CORP 6,151 5,885
    SBA COMMUNICATIONS CORP 2,846 3,877
    WALGREEN CO    
    TE CONNECTIVITY 3,221 4,364
    AUTOMATIC DATA PROCESSING    
    AUTOZONE    
    COMCAST CORP 3,857 5,511
    DOVER CORP    
    EOG RES INC 4,987 4,696
    ECOLAB INC 2,056 2,508
    EXXON MOBIL CORP 7,860 7,766
    FMC TECHNOLOGIES INC 3,539 3,185
    FEDEX CORP    
    STATE STREET CORP    
    TIME WARNER INC 3,624 4,442
    TIME WARNER CABLE    
    UNION PAC CORP 4,077 6,910
    UNITEDHEALTH GROUP INC    
    WALMART STORES INC    
    AXIS CAP HOLDING LTD    
    MONSTER BEV CORP 1,445 2,709
    SLM CORP    
    AMAZON.COM INC 3,570 3,414
    BANK OF AMERICA CORP 4,921 5,295
    BIOGEN IDEC INC 5,164 5,771
    CVS HEALTH CORP 3,806 4,623
    CAPITAL ONE FINL CORP 3,840 4,045
    CITIGROUP INC 6,143 6,710
    EXELON CORP 4,114 4,190
    HOME DEPOT INC 4,959 6,508
    LAUDER ESTEE COS INC 5,373 5,563
    MORGAN STANLEY 3,394 4,307
    REYNOLDS AMERICAN INC 3,816 4,306
    SANDISK CORP 3,917 4,213
    ACTAVIS PLC SHS 3,887 4,633
    NORWEGIAN CRUISE LINE 1,814 2,712
    BIG LOTS INC 4,483 3,762
    CARTER INC 2,666 2,881
    ETRADE FINANCIAL CORP 5,015 5,821
    FIREEYE INC 1,339 1,232
    MGIC INVT CORP 3,654 4,036
    NAVIENT CORP 1,980 2,896
    PENSKI AUTO GROUP 5,190 5,349
    SALIX PHARMACEUTICALS LTD 3,891 3,793
    TRINITY INDS INC 6,487 3,921
    UNITED RENTALS INC 6,016 6,427
    MAGNA INTL INC 5,187 5,435
    SIGNET JEWELERS 3,895 4,737

    TY 2014 InvestmentsOtherSchedule2
    Name:
    SAMUEL N BEMIS SCHOLARSHIP FUND
    EIN: 36-7112890
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HARBOR CAP APPR FD AT COST 87,298 111,054
    OPPENHEIMER INTL BD FD AT COST 40,338 39,078
    BARON GROWTH FUND AT COST 4,481 7,520
    UBS STRUCT NT 12/30/19 AT COST 65,000 65,538
    BLACKROCK STRONG OP AT COST 87,580 87,829
    TCW EMERGING MKTS INC FD AT COST 52,464 47,443
    EATON VANCE      
    HOTCHKIS & WILEY HI YIELD AT COST 30,116 28,806
    MFS VAL FD AT COST 96,210 117,217
    DIAMOND HILL AT COST 6,781 7,046
    GOLDMAN SACHS MID CAP VAL FD AT COST 6,567 6,370
    T ROWE PRICE MID CAP GR FD AT COST 5,921 7,237
    EUROPACIFIC GR FD AT COST 106,723 113,891
    OPPENHEIMER DVLPING MKTS AT COST 78,734 72,430
    JPMORGAN INC OPP AT COST 30,131 29,571
    MAINSTAY FDS      
    WILLIAM BLAIR AT COST 17,992 18,601
    UBS E-TRACS ALERIAN MLP AT COST 9,715 8,810
    VANGUARD REIT AT COST 25,239 30,456
    SENTINEL GROUP FDS AT COST 91,502 88,699
    LAZARD LTD AT COST 5,319 5,403
    AVENUE MUTUAL FDS AT COST 20,637 19,044
    JPMORGAN US LRG CAP CORE PLUS AT COST 53,325 56,011
    LITMAN GREGORY MASTER ALT STRA AT COST 29,534 29,204

    TY 2014 OtherAssetsSchedule
    Name:
    SAMUEL N BEMIS SCHOLARSHIP FUND
    EIN: 36-7112890
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME 724 583 0


    TY 2014 OtherExpensesSchedule
    Name:
    SAMUEL N BEMIS SCHOLARSHIP FUND
    EIN: 36-7112890
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE FEES 8,279 8,279   0
    BANK SERVICE FEES 8,279 8,279   0
    OTHER MISC INVESTMENT EXPENSES 3 3   0
    OTHER MISC CHARITABLE EXPENSES 15 0   15


    TY 2014 OtherIncomeSchedule2
    Name:
    SAMUEL N BEMIS SCHOLARSHIP FUND
    EIN: 36-7112890
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FED EXCISE TAX REFUND 1 0  


    TY 2014 TaxesSchedule
    Name:
    SAMUEL N BEMIS SCHOLARSHIP FUND
    EIN: 36-7112890
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 38 38   0
    FEDERAL EXCISE TAX - PRIOR YEA 787 0   0
    FEDERAL EXCISE TAX ESTIMATE 1,660 0   0
    FOREIGN TAXES ON QUALIFIED FOR 318 318   0