TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
ADELAIDE C RIGGS CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231

A Employer identification number

52-6740006

B Telephone number (see instructions)

(410) 537-5484

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,540,883J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	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)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	20,909		20,779
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		104,625
b	Gross sales price for all assets on line 6a 384,970
7	Capital gain net income (from Part IV, line 2)...			104,625
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).......
12	Total. Add lines 1 through 11........	125,534		125,404
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).......
c	Other professional fees (attach schedule)....		15,048	15,048		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		3,978	577		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).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	19,026		15,625	0	0
25	Contributions, gifts, grants paid........	70,000				70,000
26	Total expenses and disbursements. Add lines 24 and 25	89,026		15,625	0	70,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	36,508
b	Net investment income (if negative, enter -0-)			109,779
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	88,880	78,407	78,407
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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)........	836,216	842,976	1,189,491
	c	Investments—corporate bonds (attach schedule)........	222,560	262,560	272,985
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,147,656	1,183,943	1,540,883
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	1,147,656	1,183,943
	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)......	1,147,656	1,183,943
	31	Total liabilities and net assets/fund balances (see instructions)..	1,147,656	1,183,943

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	1,147,656
2	Enter amount from Part I, line 27a.....................	2	36,508
3	Other increases not included in line 2 (itemize)	3	39
4	Add lines 1, 2, and 3..........................	4	1,184,203
5	Decreases not included in line 2 (itemize)	5	260
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,183,943

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	10. CHARLES SCHWAB CORP.		2013-01-07	2014-01-08
b	40. CHARLES SCHWAB CORP.		2013-02-19	2014-01-08
c	17. EATON CORP PLC		2012-11-30	2014-01-08
d	4. ESTEE LAUDER COMPANIES CL A		2012-03-16	2014-01-09
e	23. EATON CORP PLC		2012-11-30	2014-01-09
	10. FLUOR CORP NEW COM		2011-06-14	2014-01-10
	5. ESTEE LAUDER COMPANIES CL A		2012-03-16	2014-01-10
	77. METLIFE INC COM		2012-09-14	2014-01-10
	20. ORACLE SYSTEMS		2013-07-24	2014-01-10
	1. ESTEE LAUDER COMPANIES CL A		2012-03-16	2014-01-13
	4. ESTEE LAUDER COMPANIES CL A		2012-03-16	2014-01-14
	35. TEREX CORP NEW COM		2013-06-20	2014-01-17
	20. FLUOR CORP NEW COM		2011-08-05	2014-01-22
	3. FLUOR CORP NEW COM		2010-11-22	2014-01-23
	15. MICROCHIP TECHNOLOGY INC		2012-05-14	2014-01-23
	40. US BANCORP DEL COM NEW		2010-10-25	2014-01-23
	4. FLUOR CORP NEW COM		2010-11-22	2014-01-27
	3. FLUOR CORP NEW COM		2010-11-22	2014-01-28
	10. AMPHENOL CORP - CL A		2010-04-15	2014-01-29
	7. ANSYS INC		2010-10-11	2014-01-29
	3. APPLE COMPUTER INC.		2008-10-08	2014-01-29
	667.557 BROWN ADVISORY SM CP FUNDAMENTAL VAL		2008-01-31	2014-01-29
	7. COGNIZANT TECH SOLUTIONS CRP COM		2008-12-05	2014-01-29
	7. COSTCO WHOLESALE CORPORATION		2009-06-23	2014-01-29
	8. COVANCE INC		2009-05-04	2014-01-29
	15. DANAHER CORP		2008-03-18	2014-01-29
	13. DAVITA INC		2013-08-20	2014-01-29
	1. DAVITA INC		2007-12-13	2014-01-29
	10. ECOLAB INC		2012-12-04	2014-01-29
	379.922 AMERICAN EUROPACIFIC GRTH F2		2010-06-09	2014-01-29
	19. EXPRESS SCRIPTS HLDGS C		2011-02-28	2014-01-29
	9. FMC TECHNOLOGIES INC		2014-01-24	2014-01-29
	15. FLUOR CORP NEW COM		2010-11-22	2014-01-29
	2. FLUOR CORP NEW COM		2010-11-22	2014-01-29
	6. FOSSIL GROUP INC		2012-05-10	2014-01-29
	11. GILEAD SCIENCES INC.		2013-12-09	2014-01-29
	2. GOOGLE INC CL A		2008-12-03	2014-01-29
	2. INTUITIVE SURGICAL INC		2013-04-10	2014-01-29
	13. ESTEE LAUDER COMPANIES CL A		2012-03-16	2014-01-29
	10. MEAD JOHNSON NUTRITION CO		2013-07-10	2014-01-29
	3. MEAD JOHNSON NUTRITION CO		2013-01-03	2014-01-29
	18. NATIONAL INSTRS CORP		2011-06-29	2014-01-29
	18. NETAPP INC		2008-01-24	2014-01-29
	17. QUALCOMM CORP.		2009-10-02	2014-01-29
	7. ROPER INDUSTRIES INC NEW		2008-10-16	2014-01-29
	16. SALESFORCE COM INC		2009-02-12	2014-01-29
	14. SCHLUMBERGER LTD.		2003-06-25	2014-01-29
	45. CHARLES SCHWAB CORP.		2010-05-27	2014-01-29
	503.479 SCOUT INTERNATIONAL FUND		2010-06-09	2014-01-29
	15. STARBUCKS CORP.		2012-11-01	2014-01-29
	8. STERICYCLE INC		2010-02-03	2014-01-29
	6. VISA INC		2013-08-21	2014-01-29
	10. ACCENTURE PLC CL A		2009-03-27	2014-01-29
	32. GENPACT LIMITED		2010-04-09	2014-01-29
	5. CORE LABORATORIES N V		2011-08-08	2014-01-29
	4. FLUOR CORP NEW COM		2010-11-22	2014-01-30
	15. E I DU PONT DE NEMOURS & CO.		2009-11-10	2014-01-31
	25. TEREX CORP NEW COM		2013-06-20	2014-01-31
	3. ROPER INDUSTRIES INC NEW		2008-10-16	2014-02-03
	2. APPLE COMPUTER INC.		2008-10-08	2014-02-04
	10. FLUOR CORP NEW COM		2011-08-23	2014-02-04
	1. GOOGLE INC CL A		2008-12-03	2014-02-04
	7. ROPER INDUSTRIES INC NEW		2009-04-20	2014-02-04
	5. E I DU PONT DE NEMOURS & CO.		2009-11-06	2014-02-05
	15. MICROCHIP TECHNOLOGY INC		2012-05-18	2014-02-05
	1. ROPER INDUSTRIES INC NEW		2009-04-20	2014-02-05
	30. ABERCROMBIE & FITCH CO CL A		2013-01-09	2014-02-06
	5. ABERCROMBIE & FITCH CO CL A		2013-02-22	2014-02-06
	1. APPLE COMPUTER INC.		2008-10-08	2014-02-06
	2. ROPER INDUSTRIES INC NEW		2009-04-20	2014-02-06
	1. APPLE COMPUTER INC.		2009-01-16	2014-02-07
	2. ROPER INDUSTRIES INC NEW		2009-04-20	2014-02-07
	70. US BANCORP DEL COM NEW		2010-10-25	2014-02-07
	1. ROPER INDUSTRIES INC NEW		2009-04-20	2014-02-10
	3. ROPER INDUSTRIES INC NEW		2009-04-20	2014-02-11
	10. FLUOR CORP NEW COM		2011-11-09	2014-02-12
	3. FOSSIL GROUP INC		2012-05-10	2014-02-12
	1. ROPER INDUSTRIES INC NEW		2009-04-20	2014-02-12
	2. FOSSIL GROUP INC		2012-05-10	2014-02-13
	3. ROPER INDUSTRIES INC NEW		2009-04-20	2014-02-14
	1. ROPER INDUSTRIES INC NEW		2009-04-20	2014-02-18
	10. FLUOR CORP NEW COM		2011-12-16	2014-02-19
	5. ABERCROMBIE & FITCH CO CL A		2013-02-22	2014-02-21
	23. ABERCROMBIE & FITCH CO CL A		2012-11-26	2014-02-21
	40. ABERCROMBIE & FITCH CO CL A		2013-10-07	2014-02-24
	22. ABERCROMBIE & FITCH CO CL A		2012-11-26	2014-02-24
	2. FOSSIL GROUP INC		2012-05-10	2014-02-24
	10. ORACLE SYSTEMS		2013-07-24	2014-02-24
	10. ORACLE SYSTEMS		2011-06-28	2014-02-24
	1. ROPER INDUSTRIES INC NEW		2008-10-24	2014-02-26
	2. FLUOR CORP NEW COM		2010-11-22	2014-02-27
	4. FLUOR CORP NEW COM		2010-11-22	2014-02-28
	8. ROPER INDUSTRIES INC NEW		2008-10-24	2014-02-28
	10. PACCAR INC		2012-04-11	2014-03-03
	6. FLUOR CORP NEW COM		2010-11-22	2014-03-04
	3. ROPER INDUSTRIES INC NEW		2008-10-24	2014-03-04
	11. TEREX CORP NEW COM		2013-04-22	2014-03-04
	2. ROPER INDUSTRIES INC NEW		2008-10-24	2014-03-05
	9. TEREX CORP NEW COM		2013-04-22	2014-03-05
	22. E I DU PONT DE NEMOURS & CO.		2009-11-06	2014-03-06
	4. ROPER INDUSTRIES INC NEW		2008-10-24	2014-03-06
	4. ROPER INDUSTRIES INC NEW		2008-10-24	2014-03-07
	14. TEREX CORP NEW COM		2013-04-22	2014-03-07
	2. ROPER INDUSTRIES INC NEW		2008-10-24	2014-03-11
	17. TEREX CORP NEW COM		2013-04-19	2014-03-11
	8. FIRSTMERIT CORP		2013-12-06	2014-03-13
	8. FIRSTMERIT CORP		2013-12-09	2014-03-14
	17. NETAPP INC		2008-06-30	2014-03-14
	24. NETAPP INC		2008-06-30	2014-03-17
	1. ROPER INDUSTRIES INC NEW		2008-10-24	2014-03-17
	23. E I DU PONT DE NEMOURS & CO.		2008-12-12	2014-03-18
	10. NETAPP INC		2008-06-30	2014-03-18
	4. ROPER INDUSTRIES INC NEW		2008-11-21	2014-03-18
	24. TEREX CORP NEW COM		2013-06-26	2014-03-18
	26. FIRSTMERIT CORP		2013-12-09	2014-03-19
	6. NETAPP INC		2008-06-30	2014-03-19
	38. FIRSTMERIT CORP		2013-11-11	2014-03-20
	43. NETAPP INC		2008-10-15	2014-03-20
	30. FIRSTMERIT CORP		2013-05-30	2014-03-21
	15. MICROSOFT CORP.		2011-03-04	2014-03-24
	9. NETAPP INC		2008-10-15	2014-03-24
	9. NETAPP INC		2008-10-15	2014-03-25
	1. ROPER INDUSTRIES INC NEW		2008-11-21	2014-03-25
	3. NETAPP INC		2008-10-15	2014-03-26
	4. ROPER INDUSTRIES INC NEW		2008-11-21	2014-03-26
	41. NETAPP INC		2008-10-15	2014-03-27
	5. NETAPP INC		2008-10-15	2014-03-27
	1. ROPER INDUSTRIES INC NEW		2008-11-21	2014-03-27
	5. ROPER INDUSTRIES INC NEW		2008-11-21	2014-03-28
	3. INTUITIVE SURGICAL INC		2013-07-09	2014-04-01
	40. ORACLE SYSTEMS		2012-10-08	2014-04-02
	9. FIRSTMERIT CORP		2013-05-31	2014-04-03
	10. QUALCOMM CORP.		2013-06-18	2014-04-10
	2. MEAD JOHNSON NUTRITION CO		2014-02-06	2014-04-21
	2. MEAD JOHNSON NUTRITION CO		2014-02-06	2014-04-22
	75. FIRSTMERIT CORP		2013-06-04	2014-04-23
	2. MEAD JOHNSON NUTRITION CO		2014-02-06	2014-04-23
	1. MEAD JOHNSON NUTRITION CO		2010-12-06	2014-04-24
	4. MEAD JOHNSON NUTRITION CO		2014-02-06	2014-04-24
	13. FIRSTMERIT CORP		2013-06-04	2014-04-25
	34. FIRSTMERIT CORP		2013-06-05	2014-04-28
	34. FIRSTMERIT CORP		2013-05-29	2014-04-29
	36. FLUOR CORP NEW COM		2012-06-01	2014-05-02
	3. COSTCO WHOLESALE CORPORATION		2009-06-23	2014-05-06
	1. APPLE COMPUTER INC.		2009-01-16	2014-05-07
	6. COSTCO WHOLESALE CORPORATION		2009-06-23	2014-05-07
	2. FLUOR CORP NEW COM		2010-11-18	2014-05-12
	3. SCHLUMBERGER LTD.		2003-06-25	2014-05-12
	3. FLUOR CORP NEW COM		2010-11-18	2014-05-13
	1. FLUOR CORP NEW COM		2010-11-18	2014-05-14
	2. FLUOR CORP NEW COM		2010-11-18	2014-05-15
	2. FLUOR CORP NEW COM		2010-11-18	2014-05-16
	. PROCEEDS FROM SECURITIES LITIGATION			2014-05-16
	1. FLUOR CORP NEW COM		2010-11-18	2014-05-19
	45. HARTFORD FINANCIAL SERVICES GROUP INC		2012-12-31	2014-05-19
	4. FLUOR CORP NEW COM		2010-11-18	2014-05-23
	15. M & T BK CORP COM		2013-05-09	2014-05-27
	2. SCHLUMBERGER LTD.		2003-06-25	2014-05-27
	2. SCHLUMBERGER LTD.		2003-06-25	2014-05-30
	24.5 NOW INC DE W I		2013-02-22	2014-06-09
	2.5 NOW INC DE W I		2014-05-02	2014-06-09
	2. VISA INC		2013-08-23	2014-06-13
	1. VISA INC		2013-08-23	2014-06-16
	1. VISA INC		2013-08-23	2014-06-17
	3. VISA INC		2013-08-23	2014-06-19
	.25 NOW INC DE W I		2011-09-30	2014-06-23
	1. CANADIAN NATURAL RESOURCES LTD		2013-01-30	2014-06-25
	34. CANADIAN NATURAL RESOURCES LTD		2013-07-11	2014-06-25
	5. SCHLUMBERGER LTD.		2013-09-16	2014-06-26
	5. SCHLUMBERGER LTD.		2012-03-14	2014-06-26
	2. SCHLUMBERGER LTD.		2003-06-25	2014-07-01
	1. SCHLUMBERGER LTD.		2003-06-25	2014-07-02
	1. SCHLUMBERGER LTD.		2003-06-25	2014-07-07
	2. SCHLUMBERGER LTD.		2003-06-25	2014-07-08
	3. SCHLUMBERGER LTD.		2003-06-25	2014-07-09
	3. FLUOR CORP NEW COM		2010-11-18	2014-07-11
	30. GARMIN LTD		2013-08-23	2014-07-11
	4. FLUOR CORP NEW COM		2010-11-19	2014-07-14
	2. FLUOR CORP NEW COM		2010-11-19	2014-07-15
	1. FLUOR CORP NEW COM		2010-11-19	2014-07-16
	1. FLUOR CORP NEW COM		2010-11-19	2014-07-18
	1. FLUOR CORP NEW COM		2010-11-19	2014-07-21
	10. SCHLUMBERGER LTD.		2012-03-14	2014-07-21
	1. FLUOR CORP NEW COM		2010-11-19	2014-07-22
	5. ACCENTURE PLC CL A		2009-03-27	2014-07-22
	20. APPLE COMPUTER INC.		2013-02-08	2014-07-23
	1. FLUOR CORP NEW COM		2010-11-19	2014-07-23
	6. ACCENTURE PLC CL A		2009-03-27	2014-07-23
	2. FLUOR CORP NEW COM		2010-11-19	2014-07-24
	4. ACCENTURE PLC CL A		2009-03-27	2014-07-24
	3. AMPHENOL CORP - CL A		2010-04-15	2014-07-25
	1. AMPHENOL CORP - CL A		2010-04-16	2014-07-28
	1. FLUOR CORP NEW COM		2010-11-19	2014-07-28
	4. AMPHENOL CORP - CL A		2010-04-16	2014-07-29
	1. FLUOR CORP NEW COM		2010-11-19	2014-07-29
	4. CANADIAN NATURAL RESOURCES LTD		2013-11-07	2014-07-30
	31. CANADIAN NATURAL RESOURCES LTD		2013-01-30	2014-07-30
	3. FLUOR CORP NEW COM		2010-11-19	2014-07-30
	4. APPLE COMPUTER INC.		2013-09-17	2014-07-31
	1. APPLE COMPUTER INC.		2013-01-24	2014-07-31
	25. CANADIAN NATURAL RESOURCES LTD		2013-11-07	2014-07-31
	5. SCHLUMBERGER LTD.		2012-01-20	2014-07-31
	2. FLUOR CORP NEW COM		2010-11-19	2014-08-01
	2. FLUOR CORP NEW COM		2010-11-19	2014-08-04
	3. FLUOR CORP NEW COM		2010-11-19	2014-08-05
	5. FLUOR CORP NEW COM		2010-11-19	2014-08-06
	1399.628 WASATCH FDS INC		2013-02-11	2014-08-12
	1407.464 WASATCH FDS INC		2013-02-11	2014-08-13
	3. ACCENTURE PLC CL A		2009-03-27	2014-08-13
	1433.116 WASATCH FDS INC		2013-08-07	2014-08-14
	3. ACCENTURE PLC CL A		2009-03-27	2014-08-14
	1. CANADIAN NATURAL RESOURCES LTD		2013-11-07	2014-08-15
	14. CANADIAN NATURAL RESOURCES LTD		2013-07-10	2014-08-15
	1433.116 WASATCH FDS INC		2013-08-07	2014-08-15
	15. GARMIN LTD		2013-07-23	2014-08-15
	1443.747 WASATCH FDS INC		2013-08-07	2014-08-18
	5. ACCENTURE PLC CL A		2009-03-27	2014-08-18
	1438.547 WASATCH FDS INC		2011-07-28	2014-08-19
	4. ACCENTURE PLC CL A		2009-03-27	2014-08-19
	901.381 WASATCH FDS INC		2011-05-06	2014-08-20
	3. ACCENTURE PLC CL A		2009-03-27	2014-08-26
	25. BEST BUY COMPANY INC		2014-01-16	2014-08-29
	7. APPLE COMPUTER INC.		2013-03-14	2014-09-04
	3. APPLE COMPUTER INC.		2013-09-17	2014-09-04
	13. GUESS INC		2011-06-28	2014-09-04
	13. GUESS INC		2011-06-28	2014-09-09
	9. GUESS INC		2011-06-13	2014-09-12
	5. APPLE COMPUTER INC.		2009-01-16	2014-09-15
	5. QUALCOMM CORP.		2014-07-30	2014-09-15
	5. APPLE COMPUTER INC.		2009-01-16	2014-09-16
	4. QUALCOMM CORP.		2014-07-30	2014-09-16
	4. QUALCOMM CORP.		2009-10-02	2014-09-17
	1. QUALCOMM CORP.		2014-07-30	2014-09-17
	4. QUALCOMM CORP.		2009-10-02	2014-09-18
	15. CANADIAN NATURAL RESOURCES LTD		2013-01-23	2014-09-19
	10. NETAPP INC		2014-02-24	2014-09-19
	10. NETAPP INC		2012-05-03	2014-09-19
	4. QUALCOMM CORP.		2009-10-02	2014-09-19
	15. NETAPP INC		2012-05-03	2014-09-22
	9. NETAPP INC		2014-07-11	2014-09-22
	15. BEST BUY COMPANY INC		2014-01-16	2014-09-24
	25. CISCO SYSTEMS		2013-08-15	2014-09-24
	30. CISCO SYSTEMS		2013-10-08	2014-09-24
	9. KENNAMETAL INC		2013-03-14	2014-09-24
	20. ORACLE SYSTEMS		2013-06-21	2014-09-24
	25. BEST BUY COMPANY INC		2014-01-16	2014-09-26
	15. CANADIAN NATURAL RESOURCES LTD		2013-01-14	2014-09-26
	3. ACCENTURE PLC CL A		2009-03-27	2014-10-01
	7. ACCENTURE PLC CL A		2009-03-27	2014-10-02
	3. ACCENTURE PLC CL A		2009-03-27	2014-10-03
	4. ACCENTURE PLC CL A		2009-03-27	2014-10-06
	25. HARTFORD FINANCIAL SERVICES GROUP INC		2012-10-11	2014-10-07
	10. M & T BK CORP COM		2012-07-18	2014-10-07
	7. ACCENTURE PLC CL A		2009-04-17	2014-10-08
	31. GUESS INC		2012-03-15	2014-10-09
	26. KENNAMETAL INC		2013-03-14	2014-10-09
	30. MERCK AND CO INC		2011-01-13	2014-10-09
	15. MICROCHIP TECHNOLOGY INC		2012-06-04	2014-10-09
	34. GUESS INC		2012-03-15	2014-10-10
	30. GUESS INC		2014-03-13	2014-10-10
	4. ACCENTURE PLC CL A		2009-04-17	2014-10-10
	6. ACCENTURE PLC CL A		2009-04-17	2014-10-13
	30. GUESS INC		2014-03-21	2014-10-15
	27. GUESS INC		2012-10-16	2014-10-15
	77. KENNAMETAL INC		2013-02-21	2014-10-16
	47. KENNAMETAL INC		2013-04-16	2014-10-17
	8. MEAD JOHNSON NUTRITION CO		2010-12-06	2014-10-17
	. PROCEEDS FROM SECURITIES LITIGATION			2014-10-17
	108. HARTFORD FINANCIAL SERVICES GROUP INC		2012-10-11	2014-10-20
	32. GUESS INC		2012-10-16	2014-10-21
	57. HARTFORD FINANCIAL SERVICES GROUP INC		2012-09-27	2014-10-21
	23. KENNAMETAL INC		2013-04-19	2014-10-21
	38. GUESS INC		2013-03-26	2014-10-22
	3. APPLE COMPUTER INC.		2013-04-25	2014-10-24
	24. BEST BUY COMPANY INC		2014-01-24	2014-10-24
	39. ORACLE SYSTEMS		2013-06-21	2014-10-24
	16. ACCENTURE PLC CL A		2009-04-17	2014-10-24
	11. ACCENTURE PLC CL A		2009-04-17	2014-10-27
	23. ORACLE SYSTEMS		2012-01-27	2014-10-28
	54. FREEPORT-MCMORAN COPPER & GOLD B		2011-11-23	2014-10-30
	4. GILEAD SCIENCES INC.		2014-02-04	2014-10-30
	2. GILEAD SCIENCES INC.		2014-02-04	2014-10-31
	6. GILEAD SCIENCES INC.		2014-02-04	2014-11-03
	3. FLUOR CORP NEW COM		2010-11-23	2014-11-07
	6. APPLE COMPUTER INC.		2013-04-25	2014-11-10
	3. FLUOR CORP NEW COM		2010-11-23	2014-11-10
	17. MICROSOFT CORP.		2010-07-28	2014-11-10
	71. ORACLE SYSTEMS		2011-12-21	2014-11-10
	3. FLUOR CORP NEW COM		2010-11-23	2014-11-11
	6. COVANCE INC		2010-07-29	2014-11-12
	3. FLUOR CORP NEW COM		2010-11-23	2014-11-12
	1. COVANCE INC		2010-07-29	2014-11-14
	7. COVANCE INC		2010-07-29	2014-11-17
	114. WISDOMTREE EM SMALL CAP		2014-08-25	2014-11-17
	4. COVANCE INC		2010-07-29	2014-11-18
	143. WISDOMTREE EM SMALL CAP		2014-08-25	2014-11-18
	2. COVANCE INC		2010-07-29	2014-11-19
	170. WISDOMTREE EM SMALL CAP		2014-08-20	2014-11-19
	2. COVANCE INC		2010-07-29	2014-11-20
	91. WISDOMTREE EM SMALL CAP		2014-08-20	2014-11-20
	2. COVANCE INC		2010-07-29	2014-11-21
	23. BEST BUY COMPANY INC		2014-01-31	2014-11-24
	25. CISCO SYSTEMS		2013-10-25	2014-11-24
	22. CISCO SYSTEMS		2013-12-24	2014-11-24
	2. COVANCE INC		2010-07-29	2014-11-24
	11. GARMIN LTD		2014-09-25	2014-11-24
	2. COVANCE INC		2010-07-29	2014-11-25
	500. UBS AG JERSEY E TRACS BLOOMBERG CMCI		2011-08-30	2014-11-25
	9. APPLE COMPUTER INC.		2009-01-16	2014-11-26
	4. COVANCE INC		2010-07-29	2014-11-26
	43. FREEPORT-MCMORAN COPPER & GOLD B		2012-05-15	2014-11-26
	40. FREEPORT-MCMORAN COPPER & GOLD B		2014-02-19	2014-11-26
	9. GILEAD SCIENCES INC.		2014-03-14	2014-11-26
	26. FREEPORT-MCMORAN COPPER & GOLD B		2013-02-28	2014-12-01
	7. APPLE COMPUTER INC.		2011-12-22	2014-12-02
	14. PACCAR INC		2012-04-25	2014-12-02
	1. FOSSIL GROUP INC		2012-05-10	2014-12-04
	1. FOSSIL GROUP INC		2012-05-10	2014-12-05
	1. FOSSIL GROUP INC		2012-05-10	2014-12-08
	9. FLUOR CORP NEW COM		2010-11-23	2014-12-09
	4. FOSSIL GROUP INC		2012-05-10	2014-12-09
	1. FOSSIL GROUP INC		2012-05-08	2014-12-10
	19. FLUOR CORP NEW COM		2010-11-23	2014-12-11
	1. FOSSIL GROUP INC		2012-05-08	2014-12-11
	45. CANADIAN NATURAL RESOURCES LTD		2014-10-17	2014-12-12
	23. CANADIAN NATURAL RESOURCES LTD		2013-01-14	2014-12-12
	5. FLUOR CORP NEW COM		2013-04-15	2014-12-12
	29. SCHLUMBERGER LTD.		2012-09-11	2014-12-12
	17.99989 ENSCO PLC CL A		2013-11-15	2014-12-12
	21.00011 ENSCO PLC CL A		2013-11-15	2014-12-12
	59. CANADIAN NATURAL RESOURCES LTD		2013-01-17	2014-12-15
	6. FLUOR CORP NEW COM		2013-04-15	2014-12-15
	1. FOSSIL GROUP INC		2012-05-08	2014-12-15
	48. ENSCO PLC CL A		2013-11-19	2014-12-15
	36. CANADIAN NATURAL RESOURCES LTD		2013-02-21	2014-12-16
	4. FLUOR CORP NEW COM		2013-04-15	2014-12-16
	23. AMPHENOL CORP - CL A		2010-04-16	2014-12-17
	8. ANSYS INC		2014-07-30	2014-12-17
	13. APPLE COMPUTER INC.		2009-01-16	2014-12-17
	11.00196 BRISTOL MYERS SQUIBB CO.		2014-12-11	2014-12-17
	.99804 BRISTOL MYERS SQUIBB CO.		2014-12-11	2014-12-17
	165.769 BROWN ADVISORY SM CP FUNDAMENTAL VAL		2004-07-28	2014-12-17
	137.212 BROWN ADVISORY SMALL CAP GROWTH INV		1998-12-31	2014-12-17
	17. COGNIZANT TECH SOLUTIONS CRP COM		2014-08-06	2014-12-17
	7. COSTCO WHOLESALE CORPORATION		2009-06-23	2014-12-17
	6. COVANCE INC		2010-07-29	2014-12-17
	18. DANAHER CORP		2008-03-18	2014-12-17
	15. DAVITA INC		2008-01-07	2014-12-17
	12. DISCOVERY COMMUNICATIONS INC CL A		2014-04-03	2014-12-17
	18. DISCOVERY COMMUNICATIONS C		2014-04-03	2014-12-17
	3. ECOLAB INC		2014-02-06	2014-12-17
	5. ECOLAB INC		2012-12-05	2014-12-17
	23. EXPRESS SCRIPTS HLDGS C		2011-02-28	2014-12-17
	24. FMC TECHNOLOGIES INC		2014-09-08	2014-12-17
	24. FASTENAL CO		2014-03-14	2014-12-17
	1. FOSSIL GROUP INC		2012-05-08	2014-12-17
	5. GILEAD SCIENCES INC.		2013-12-02	2014-12-17
	9. GILEAD SCIENCES INC.		2014-03-14	2014-12-17
	1. GOOGLE INC CL A		2008-12-03	2014-12-17
	1. GOOGLE INC CL C		2008-12-03	2014-12-17
	3. INTUITIVE SURGICAL INC		2013-09-30	2014-12-17
	5. ESTEE LAUDER COMPANIES CL A		2012-03-16	2014-12-17
	12. ESTEE LAUDER COMPANIES CL A		2014-04-01	2014-12-17
	15. MEAD JOHNSON NUTRITION CO		2010-12-06	2014-12-17
	20. NATIONAL INSTRS CORP		2011-06-28	2014-12-17
	5. NETSUITE INC		2014-10-27	2014-12-17
	18. QUALCOMM CORP.		2009-10-02	2014-12-17
	7. SALESFORCE COM INC		2009-02-12	2014-12-17
	12. SALESFORCE COM INC		2014-04-28	2014-12-17
	9. SCHLUMBERGER LTD.		2014-11-28	2014-12-17
	5. SCHLUMBERGER LTD.		2003-06-25	2014-12-17
	56. CHARLES SCHWAB CORP.		2014-06-19	2014-12-17
	5. CHARLES SCHWAB CORP.		2010-05-27	2014-12-17
	10. STARBUCKS CORP.		2012-10-26	2014-12-17
	9. STARBUCKS CORP.		2014-02-04	2014-12-17
	10. STERICYCLE INC		2014-11-04	2014-12-17
	7. VISA INC		2013-08-26	2014-12-17
	20. WHOLE FOODS MARKET INC		2014-01-17	2014-12-17
	11. WHOLE FOODS MARKET INC		2013-08-07	2014-12-17
	47. GENPACT LIMITED		2010-03-31	2014-12-17
	7. CORE LABORATORIES N V		2014-06-05	2014-12-17
	4. FLUOR CORP NEW COM		2013-04-15	2014-12-18
	1. FOSSIL GROUP INC		2012-05-08	2014-12-18
	23. FLUOR CORP NEW COM		2011-09-22	2014-12-19
	1. FOSSIL GROUP INC		2012-05-08	2014-12-19
	75. CHARLES SCHWAB CORP.		2013-01-07	2014-12-19
	2. FOSSIL GROUP INC		2012-05-08	2014-12-22
	10. APPLE COMPUTER INC.		2013-04-19	2014-12-23
	.4 CALIFORNIA RESOURCES CORP		2014-01-31	2014-12-23
	4. FOSSIL GROUP INC		2012-05-08	2014-12-23
	28. FREEPORT-MCMORAN COPPER & GOLD B		2013-03-05	2014-12-23
	5. M & T BK CORP COM		2012-01-04	2014-12-23
	7.6 CALIFORNIA RESOURCES CORP		2014-02-04	2014-12-29
	8.4 CALIFORNIA RESOURCES CORP		2012-11-06	2014-12-29
	1. FOSSIL GROUP INC		2012-05-08	2014-12-29
	20. CALIFORNIA RESOURCES CORP		2012-12-05	2014-12-30
	59. FREEPORT-MCMORAN COPPER & GOLD B		2013-04-19	2014-12-31
	20. FREEPORT-MCMORAN COPPER & GOLD B		2014-03-12	2014-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	257	152	105
b	1,029	619	410
c	1,281	872	409
d	293	253	40
e	1,741	1,180	561
	789	637	152
	370	316	54
	4,160	2,587	1,573
	758	648	110
	75	63	12
	295	253	42
	1,475	1,042	433
	1,671	1,189	482
	244	172	72
	675	439	236
	1,628	952	676
	307	230	77
	232	172	60
	855	445	410
	553	300	253
	1,506	279	1,227
	15,000	9,095	5,905
	678	114	564
	790	318	472
	747	319	428
	1,135	562	573
	834	727	107
	64	28	36
	1,002	719	283
	17,902	12,904	4,998
	1,408	1,059	349
	443	452	-9
	1,162	861	301
	154	115	39
	684	478	206
	882	821	61
	2,228	554	1,674
	830	972	-142
	892	822	70
	781	711	70
	234	210	24
	564	527	37
	772	397	375
	1,220	712	508
	960	293	667
	937	106	831
	1,223	339	884
	1,124	750	374
	17,934	13,208	4,726
	1,090	690	400
	929	433	496
	1,309	1,082	227
	812	305	507
	539	551	-12
	931	502	429
	305	230	75
	918	506	412
	1,019	701	318
	398	126	272
	1,015	186	829
	746	555	191
	1,145	277	868
	924	293	631
	305	167	138
	651	435	216
	132	41	91
	1,011	1,420	-409
	169	233	-64
	513	93	420
	266	83	183
	520	81	439
	268	83	185
	2,800	1,575	1,225
	133	41	92
	401	124	277
	801	546	255
	365	239	126
	135	41	94
	242	159	83
	410	124	286
	136	41	95
	812	518	294
	174	233	-59
	802	1,044	-242
	1,408	1,452	-44
	774	988	-214
	241	159	82
	384	324	60
	384	319	65
	135	39	96
	156	115	41
	311	230	81
	1,084	310	774
	652	427	225
	468	344	124
	410	116	294
	493	307	186
	274	77	197
	405	251	154
	1,489	667	822
	552	155	397
	556	155	401
	621	391	230
	270	77	193
	758	467	291
	172	185	-13
	171	185	-14
	627	372	255
	894	523	371
	136	39	97
	1,536	612	924
	374	218	156
	548	149	399
	1,008	632	376
	557	592	-35
	224	131	93
	821	835	-14
	1,598	634	964
	659	570	89
	601	392	209
	329	114	215
	333	114	219
	135	37	98
	112	38	74
	540	149	391
	1,487	517	970
	183	63	120
	132	37	95
	665	186	479
	1,470	1,301	169
	1,647	1,255	392
	192	171	21
	795	625	170
	169	152	17
	171	152	19
	1,428	1,420	8
	169	152	17
	87	62	25
	347	303	44
	250	245	5
	655	637	18
	651	634	17
	2,738	1,709	1,029
	340	136	204
	591	81	510
	673	272	401
	153	115	38
	301	73	228
	231	172	59
	76	57	19
	148	115	33
	147	115	32
	27		27
	74	57	17
	1,537	997	540
	296	229	67
	1,821	1,485	336
	204	48	156
	208	48	160
	789	610	179
	81	81
	422	357	65
	210	179	31
	211	179	32
	632	536	96
	9	5	4
	45	31	14
	1,531	1,090	441
	583	435	148
	583	373	210
	236	48	188
	118	24	94
	117	24	93
	234	48	186
	350	73	277
	231	172	59
	1,716	1,204	512
	311	229	82
	156	115	41
	78	57	21
	77	57	20
	77	57	20
	1,132	743	389
	77	57	20
	402	138	264
	1,950	1,331	619
	78	57	21
	484	166	318
	155	115	40
	323	111	212
	293	134	159
	98	44	54
	76	57	19
	390	177	213
	76	57	19
	179	125	54
	1,388	973	415
	224	172	52
	383	261	122
	96	66	30
	1,096	781	315
	541	369	172
	148	115	33
	145	115	30
	219	172	47
	359	286	73
	3,835	4,017	-182
	3,899	4,039	-140
	237	83	154
	3,970	4,000	-30
	237	83	154
	41	31	10
	577	424	153
	3,970	3,898	72
	840	562	278
	4,014	3,901	113
	399	138	261
	4,028	3,820	208
	321	111	210
	2,515	2,326	189
	245	83	162
	799	670	129
	696	433	263
	298	196	102
	301	545	-244
	300	542	-242
	207	365	-158
	509	58	451
	375	380	-5
	503	58	445
	302	304	-2
	303	167	136
	76	76
	305	167	138
	606	449	157
	431	401	30
	431	384	47
	303	167	136
	644	564	80
	386	333	53
	506	402	104
	618	614	4
	742	684	58
	378	374	4
	775	618	157
	825	670	155
	593	448	145
	240	83	157
	555	193	362
	241	83	158
	323	111	212
	914	540	374
	1,215	825	390
	555	191	364
	655	1,126	-471
	1,047	1,065	-18
	1,779	1,038	741
	685	412	273
	709	1,051	-342
	625	866	-241
	308	107	201
	462	161	301
	634	853	-219
	570	738	-168
	2,981	3,129	-148
	1,832	1,826	6
	803	497	306
	44		44
	3,931	2,184	1,747
	672	843	-171
	2,098	1,101	997
	910	834	76
	801	969	-168
	315	176	139
	793	618	175
	1,505	1,164	341
	1,255	430	825
	867	295	572
	887	637	250
	1,524	1,937	-413
	456	326	130
	227	163	64
	662	489	173
	199	172	27
	653	350	303
	199	172	27
	830	442	388
	2,868	1,863	1,005
	197	172	25
	604	237	367
	197	172	25
	100	39	61
	703	276	427
	5,054	5,640	-586
	403	158	245
	6,370	7,060	-690
	202	79	123
	7,572	8,363	-791
	201	79	122
	4,059	4,476	-417
	202	79	123
	889	572	317
	676	563	113
	595	478	117
	202	79	123
	657	554	103
	202	79	123
	9,243	12,266	-3,023
	1,068	104	964
	405	158	247
	1,260	1,469	-209
	1,172	1,336	-164
	902	709	193
	674	841	-167
	804	402	402
	955	596	359
	110	80	30
	109	80	29
	109	80	29
	543	515	28
	428	318	110
	108	79	29
	1,121	1,087	34
	109	79	30
	1,293	1,513	-220
	661	687	-26
	289	278	11
	2,324	2,126	198
	489	1,108	-619
	570	1,293	-723
	1,693	1,754	-61
	342	333	9
	107	79	28
	1,297	3,128	-1,831
	1,038	1,059	-21
	229	222	7
	1,188	508	680
	638	623	15
	1,394	151	1,243
	639	659	-20
	58	60	-2
	4,000	2,232	1,768
	2,500	1,142	1,358
	862	747	115
	963	318	645
	613	236	377
	1,490	675	815
	1,111	423	688
	407	511	-104
	595	745	-150
	308	297	11
	513	359	154
	1,825	1,279	546
	1,087	1,294	-207
	1,072	1,141	-69
	107	79	28
	507	372	135
	912	679	233
	506	139	367
	503	138	365
	1,505	1,198	307
	366	313	53
	878	815	63
	1,455	931	524
	605	580	25
	515	516	-1
	1,290	753	537
	392	46	346
	672	586	86
	754	767	-13
	419	121	298
	1,599	1,474	125
	143	83	60
	798	457	341
	718	635	83
	1,267	1,210	57
	1,779	1,244	535
	961	1,051	-90
	528	603	-75
	850	787	63
	828	1,122	-294
	237	202	35
	107	79	28
	1,379	1,126	253
	107	79	28
	2,248	1,126	1,122
	217	158	59
	1,127	568	559
	2	3	-1
	441	317	124
	641	895	-254
	638	391	247
	44	58	-14
	48	58	-10
	112	79	33
	111	135	-24
	1,378	1,691	-313
	467	623	-156
			18,674

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			105
b			410
c			409
d			40
e			561
			152
			54
			1,573
			110
			12
			42
			433
			482
			72
			236
			676
			77
			60
			410
			253
			1,227
			5,905
			564
			472
			428
			573
			107
			36
			283
			4,998
			349
			-9
			301
			39
			206
			61
			1,674
			-142
			70
			70
			24
			37
			375
			508
			667
			831
			884
			374
			4,726
			400
			496
			227
			507
			-12
			429
			75
			412
			318
			272
			829
			191
			868
			631
			138
			216
			91
			-409
			-64
			420
			183
			439
			185
			1,225
			92
			277
			255
			126
			94
			83
			286
			95
			294
			-59
			-242
			-44
			-214
			82
			60
			65
			96
			41
			81
			774
			225
			124
			294
			186
			197
			154
			822
			397
			401
			230
			193
			291
			-13
			-14
			255
			371
			97
			924
			156
			399
			376
			-35
			93
			-14
			964
			89
			209
			215
			219
			98
			74
			391
			970
			120
			95
			479
			169
			392
			21
			170
			17
			19
			8
			17
			25
			44
			5
			18
			17
			1,029
			204
			510
			401
			38
			228
			59
			19
			33
			32
			27
			17
			540
			67
			336
			156
			160
			179

			65
			31
			32
			96
			4
			14
			441
			148
			210
			188
			94
			93
			186
			277
			59
			512
			82
			41
			21
			20
			20
			389
			20
			264
			619
			21
			318
			40
			212
			159
			54
			19
			213
			19
			54
			415
			52
			122
			30
			315
			172
			33
			30
			47
			73
			-182
			-140
			154
			-30
			154
			10
			153
			72
			278
			113
			261
			208
			210
			189
			162
			129
			263
			102
			-244
			-242
			-158
			451
			-5
			445
			-2
			136

			138
			157
			30
			47
			136
			80
			53
			104
			4
			58
			4
			157
			155
			145
			157
			362
			158
			212
			374
			390
			364
			-471
			-18
			741
			273
			-342
			-241
			201
			301
			-219
			-168
			-148
			6
			306
			44
			1,747
			-171
			997
			76
			-168
			139
			175
			341
			825
			572
			250
			-413
			130
			64
			173
			27
			303
			27
			388
			1,005
			25
			367
			25
			61
			427
			-586
			245
			-690
			123
			-791
			122
			-417
			123
			317
			113
			117
			123
			103
			123
			-3,023
			964
			247
			-209
			-164
			193
			-167
			402
			359
			30
			29
			29
			28
			110
			29
			34
			30
			-220
			-26
			11
			198
			-619
			-723
			-61
			9
			28
			-1,831
			-21
			7
			680
			15
			1,243
			-20
			-2
			1,768
			1,358
			115
			645
			377
			815
			688
			-104
			-150
			11
			154
			546
			-207
			-69
			28
			135
			233
			367
			365
			307
			53
			63
			524
			25
			-1
			537
			346
			86
			-13
			298
			125
			60
			341
			83
			57
			535
			-90
			-75
			63
			-294
			35
			28
			253
			28
			1,122
			59
			559
			-1
			124
			-254
			247
			-14
			-10
			33
			-24
			-313
			-156

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	104,625
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 . . . . . . . . . . . . . . . .		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? Yes No

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	64,318	1,435,166	0.044816
2012	64,146	1,318,571	0.048648
2011	59,022	1,318,041	0.04478
2010	51,000	1,190,060	0.042855
2009	55,633	1,019,016	0.054595

2	Total of line 1, column (d) ......................	2	0.235694
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	0.047139
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	1,546,482
5	Multiply line 4 by line 3.......................	5	72,900
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,098
7	Add lines 5 and 6.........................	7	73,998
8	Enter qualifying distributions from Part XII, line 4..............	8	70,000
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,196
	hereand 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	2,196
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	2,196
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	2,507
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	2,507
8	Enter any penalty for underpayment of estimated tax. Check hereif 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	311
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax311	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

BROWN ADVISORY Telephone no. bullet

(410) 537-5484

Located at bullet

901 S BOND STBALTIMOREMD ZIP+4 bullet

21231

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
BROWN INVESTMENT ADVISORY	TRUSTEE 0	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 0	0

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...................				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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2014)

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,497,804

Average of monthly cash balances.......................

72,228

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,570,032

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,570,032

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

23,550

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,546,482

Minimum investment return. Enter 5% of line 5..................

77,324

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

77,324

Tax on investment income for 2014 from Part VI, line 5......

2,196

Income tax for 2014. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

2,196

Distributable amount before adjustments. Subtract line 2c from line 1............

75,128

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

75,128

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

75,128

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

70,000

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

70,000

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

70,000

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)

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					75,128
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				69,252
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: $ 70,000
a Applied to 2013, but not more than line 2a					69,252
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.....					748
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 ..........					74,380
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
VIRGINIA TECH FOUNDATION MARION DUPONT SCOTT EQUINE MED CTR PO BOX 1938 LEESBURG,VA20177	N/A	PUBLIC CHARITY	GENERAL	70,000
Total ................................. 3a				70,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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....			14	20,909
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property .............
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory .............			18	104,625
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)..				125,534

13Total. Add line 12, columns (b), (d), and (e)..................

13125,534

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCKS	317,772	488,112
EQUITY MUTUAL FUNDS	447,323	607,513
FOREIGN STOCKS	77,881	93,866

Category	Amount	Net Investment Income
INVESTMENT FEES-PRIN	9,973	9,973
INVESTMENT FEES-INCOME	5,074	5,074
OTHER NON-ALLOCABLE EXPENSE -	1	1

Category	Amount	Net Investment Income
FOREIGN TAXES	246	246
FEDERAL EXCISE TAX	894	0
QUARTERLY TAX DEPOSIT	2,507	0
FOREIGN TAXES ON QUALIFIED FOR	284	284
FOREIGN TAXES ON NONQUALIFIED	47	47