Form990-PF
Click to see attachment

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
UD M DAVIS FOR W DAVIS MEM FDN
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1802   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PROVIDENCE, RI029011802
A Employer identification number

13-6138067
B Telephone number (see instructions)

(888) 866-3275
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$52,372,979J 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...... 901,428 901,393  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,517,037
b Gross sales price for all assets on line 6a 15,023,837
7 Capital gain net income (from Part IV, line 2)... 2,517,037
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 18,894 18,894  
12 Total. Add lines 1 through 11........ 3,437,359 3,437,324  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,140 27,084   18,056
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)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 83,898 11,398   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 415 415    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 129,453 38,897 0 18,056
25 Contributions, gifts, grants paid........ 2,502,566 2,502,566
26 Total expenses and disbursements. Add lines 24 and 25 2,632,019 38,897 0 2,520,622
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 805,340
b Net investment income (if negative, enter -0-) 3,398,427
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 Savings and temporary cash investments.......... 605,156 1,940,086 1,940,086
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) 250,268 Click to see attachment101,028 99,959
b Investments—corporate stock (attach schedule)........ 30,310,515 Click to see attachment29,397,522 46,392,424
c Investments—corporate bonds (attach schedule)........ 3,597,633 Click to see attachment3,898,385 3,940,510
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 34,763,572 35,337,021 52,372,979
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......... 34,763,572 35,337,021
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)...... 34,763,572 35,337,021
31 Total liabilities and net assets/fund balances (see instructions).. 34,763,572 35,337,021
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 34,763,572
2 Enter amount from Part I, line 27a..................... 2 805,340
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 35,568,912
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 231,891
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 35,337,021
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 500. ALEXION PHARMACEUTICALS INC   2011-12-02 2014-05-06
b 300. ALEXION PHARMACEUTICALS INC   2011-12-01 2014-06-06
c 100000. ALLSTATE CORP SR NT   2008-05-14 2014-08-15
d 1000. ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR   2011-11-09 2014-04-30
e 300. APPLE INC COM   2007-06-05 2014-09-04
200000. BOEING CO SR UNSECD NT   2009-03-11 2014-03-15
1000. CAMERON INT'L CORP COM   2010-08-06 2014-03-14
1000. CAMERON INT'L CORP COM   2009-10-07 2014-04-11
1000. CAMERON INT'L CORP COM   2009-09-14 2014-11-26
1000. CAMERON INT'L CORP COM   2009-09-11 2014-12-01
1000. CAMERON INT'L CORP COM   2009-09-11 2014-12-10
1000. CAMERON INT'L CORP COM   2009-09-08 2014-12-16
500. CATERPILLAR INCORPORATED   2003-11-10 2014-11-25
500. CHEVRONTEXACO CORP COM   2010-10-06 2014-01-29
500. CHEVRONTEXACO CORP COM   2010-04-09 2014-04-10
500. CHEVRONTEXACO CORP COM   2010-03-31 2014-04-10
500. CHEVRONTEXACO CORP COM   2010-03-31 2014-04-11
500. CHEVRONTEXACO CORP COM   2010-03-31 2014-09-09
500. CHEVRONTEXACO CORP COM   2010-01-27 2014-09-10
500. CHEVRONTEXACO CORP COM   2010-01-27 2014-09-24
1000. CHEVRONTEXACO CORP COM   2010-01-27 2014-11-13
1000. CHICAGO BRDG & IRON CO N V N Y REGISTRY SH ARD   2013-11-07 2014-08-14
1000. CHICAGO BRDG & IRON CO N V N Y REGISTRY SH ARD   2013-10-15 2014-08-14
1000. CHICAGO BRDG & IRON CO N V N Y REGISTRY SH ARD   2013-10-15 2014-09-30
1000. CHICAGO BRDG & IRON CO N V N Y REGISTRY SH ARD   2013-10-15 2014-10-06
1000. CHICAGO BRDG & IRON CO N V N Y REGISTRY SH ARD   2013-10-15 2014-10-14
500. CHICAGO BRDG & IRON CO N V N Y REGISTRY SH ARD   2013-10-15 2014-11-06
2500. CHICAGO BRDG & IRON CO N V N Y REGISTRY SH ARD   2013-10-15 2014-11-13
1000. DEERE & COMPANY   2009-11-24 2014-07-07
2000. DEERE & COMPANY   2009-11-24 2014-08-14
4159.734 EATON VANCE ATLANTA CAP SMID-CAP FUND CL I   2013-01-08 2014-04-30
6484.226 EATON VANCE ATLANTA CAP SMID-CAP FUND CL I   2013-01-08 2014-09-09
1547.903 EATON VANCE ATLANTA CAP SMID-CAP FUND CL I   2012-12-04 2014-09-09
3949.623 EATON VANCE ATLANTA CAP SMID-CAP FUND CL I   2012-12-04 2014-09-30
206.653 EATON VANCE ATLANTA CAP SMID-CAP FUND CL I   2012-11-28 2014-09-30
1000. EXPEDITORS INTL WASH INC   2013-10-09 2014-08-25
1000. EXPEDITORS INTL WASH INC   2013-01-08 2014-09-09
1000. EXPEDITORS INTL WASH INC   2012-12-04 2014-09-09
1000. EXPEDITORS INTL WASH INC   2012-09-24 2014-09-24
2000. EXPEDITORS INTL WASH INC   2012-09-24 2014-12-17
8064.516 FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND INSTL   2014-06-06 2014-08-04
10090.817 FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND INSTL   2014-02-04 2014-09-09
5170.631 FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND INSTL   2014-02-04 2014-12-10
5458.515 FRANKLIN FTLG RATE DAILY ACCESS FUND CL AD   2013-05-07 2014-08-05
5387.472 FRANKLIN FTLG RATE DAILY ACCESS FUND CL AD   2013-05-07 2014-09-30
119.136 FRANKLIN FTLG RATE DAILY ACCESS FUND CL AD   2013-07-24 2014-09-30
5315.647 FRANKLIN FTLG RATE DAILY ACCESS FUND CL AD   2013-07-24 2014-12-17
340.462 FRANKLIN FTLG RATE DAILY ACCESS FUND CL AD   2013-07-23 2014-12-17
1000. GILEAD SCIENCES INC   2013-04-23 2014-05-06
1000. GILEAD SCIENCES INC   2013-04-22 2014-05-15
500. GOLDMAN SACHS GROUP INC   2013-07-23 2014-04-04
500. GOLDMAN SACHS GROUP INC   2013-05-21 2014-04-04
1000. GOLDMAN SACHS GROUP INC   2013-03-27 2014-04-11
500. GOLDMAN SACHS GROUP INC   2013-03-27 2014-04-30
500. GOLDMAN SACHS GROUP INC   2013-03-27 2014-05-02
1000. GOLDMAN SACHS GROUP INC   2013-03-27 2014-05-20
200000. GOLDMAN SACHS GROUP INC NT   2007-08-23 2014-01-15
100000. GOLDMAN SACHS GROUP INC NT   2007-10-30 2014-01-15
100. GOOGLE INC COM CL C   2013-09-04 2014-11-26
100. GOOGLE INC COM CL C   2012-09-10 2014-11-26
100. GOOGLE INC COM CL C   2012-08-24 2014-12-02
100. GOOGLE INC COM CL C   2012-08-01 2014-12-02
1000. HAIN CELESTIAL GROUP INC   2010-03-29 2014-04-11
1000. HAIN CELESTIAL GROUP INC   2010-03-29 2014-05-15
312. HALYARD HEALTH INC COM   2011-09-22 2014-11-19
.5 HALYARD HEALTH INC COM   2011-09-22 2014-12-10
200000. HEWLETT PACKARD CO NT   2008-12-03 2014-03-01
10000. ISHARES MSCI JAPAN ETF   2013-12-20 2014-04-11
5000. ISHARES MSCI JAPAN ETF   2013-12-20 2014-04-30
5000. ISHARES MSCI JAPAN ETF   2013-12-20 2014-05-02
25000. ISHARES MSCI JAPAN ETF   2013-12-20 2014-11-13
4000. ISHARES S&P SMALLCAP 600 INDEX FUND   2008-09-11 2014-05-07
1000. ISHARES S&P SMALLCAP 600 INDEX FUND   2008-09-11 2014-09-30
1000. ISHARES S&P SMALLCAP 600 INDEX FUND   2008-09-15 2014-10-06
1000. J P MORGAN CHASE & CO COM   2013-02-01 2014-04-11
300. J P MORGAN CHASE & CO COM   2011-03-30 2014-05-02
1700. J P MORGAN CHASE & CO COM   2013-01-11 2014-05-02
2000. J P MORGAN CHASE & CO COM   2013-01-11 2014-05-06
300. J P MORGAN CHASE & CO COM   2013-01-11 2014-05-07
700. J P MORGAN CHASE & CO COM   2013-01-08 2014-05-07
1000. J P MORGAN CHASE & CO COM   2013-01-08 2014-05-15
1000. J P MORGAN CHASE & CO COM   2013-01-08 2014-05-20
300. J P MORGAN CHASE & CO COM   2013-01-08 2014-11-25
1000. J P MORGAN CHASE & CO COM   2008-04-17 2014-11-25
1000. J P MORGAN CHASE & CO COM   2012-05-01 2014-11-25
700. J P MORGAN CHASE & CO COM   2012-04-26 2014-11-25
2000. JPMORGAN ALERIAN MLP INDEX ETN   2012-04-26 2014-05-15
1000. JPMORGAN ALERIAN MLP INDEX ETN   2012-01-04 2014-05-15
3000. JPMORGAN ALERIAN MLP INDEX ETN   2012-01-04 2014-07-07
2000. JPMORGAN ALERIAN MLP INDEX ETN   2012-01-03 2014-07-07
1000. JPMORGAN ALERIAN MLP INDEX ETN   2012-01-10 2014-07-07
1000. JPMORGAN ALERIAN MLP INDEX ETN   2012-04-09 2014-07-07
3000. JPMORGAN ALERIAN MLP INDEX ETN   2011-12-23 2014-07-07
5000. JPMORGAN ALERIAN MLP INDEX ETN   2011-12-22 2014-07-07
200000. JPMORGAN CHASE & CO GLOBAL SUB HLDG CO NT   2005-04-12 2014-09-15
2000. KINDER MORGAN INC DEL COM   2014-11-26 2014-12-17
71.465 LAZARD FUNDS INC EMERGING MKTS PORTFOLIO INSTL   2010-08-06 2014-01-29
2866.255 LAZARD FUNDS INC EMERGING MKTS PORTFOLIO INSTL   2010-09-01 2014-01-29
2951.594 LAZARD FUNDS INC EMERGING MKTS PORTFOLIO INSTL   2010-09-01 2014-02-04
1954.761 LAZARD FUNDS INC EMERGING MKTS PORTFOLIO INSTL   2010-09-01 2014-12-16
4008.268 LAZARD FUNDS INC EMERGING MKTS PORTFOLIO INSTL   2010-07-09 2014-12-16
2942.249 LAZARD FUNDS INC EMERGING MKTS PORTFOLIO INSTL   2010-07-09 2014-12-17
8861.614 LAZARD FUNDS INC EMERGING MKTS PORTFOLIO INSTL   2010-07-07 2014-12-17
500. MCDONALDS CORP   2009-07-09 2014-03-06
500. MCDONALDS CORP   2009-09-15 2014-03-06
1000. MCDONALDS CORP   2009-03-31 2014-08-04
1000. MCDONALDS CORP   2009-03-31 2014-08-05
1000. MCDONALDS CORP   2009-03-31 2014-08-14
1000. MCDONALDS CORP   2009-04-01 2014-08-14
100000. MERCK & CO INC SR UNSECD NT   2009-06-23 2014-12-01
1000. MONDELEZ INTL INC COM   2013-07-23 2014-09-24
500. MONSANTO CO NEW COM   2011-07-21 2014-05-15
1500. MONSANTO CO NEW COM   2011-07-21 2014-09-10
1000. MONSANTO CO NEW COM   2011-08-05 2014-09-10
500. MONSANTO CO NEW COM   2011-08-05 2014-12-10
1400.953 OPPENHEIMER INTL GROWTH FUND CL Y SHS   2014-07-07 2014-11-11
2745.744 OPPENHEIMER INTL GROWTH FUND CL Y SHS   2014-07-07 2014-11-25
3000. PFIZER INC   2011-03-10 2014-08-25
1000. PFIZER INC   2011-03-10 2014-09-24
2000. PFIZER INC   2011-03-10 2014-11-13
2000. PFIZER INC   2011-03-10 2014-11-26
5000. PFIZER INC   2011-03-10 2014-12-01
100. PRICELINE COM INC COM   2014-08-04 2014-12-17
500. QUALCOMM INC   2013-03-20 2014-08-25
500. QUALCOMM INC   2013-03-20 2014-11-25
1000. QUALCOMM INC   2013-03-20 2014-12-02
5000. QUANTA SVCS INC   2014-08-14 2014-12-01
10000. QUANTA SVCS INC   2014-08-14 2014-12-10
300000. SBC COMMUNICATIONS INC NT   2008-08-22 2014-09-15
1000. SCHLUMBERGER LTD COM   2013-02-01 2014-09-10
500. SCHLUMBERGER LTD COM   2013-03-22 2014-11-25
500. SCHLUMBERGER LTD COM   2013-03-22 2014-12-17
2000. SERVICENOW INC COM   2014-02-04 2014-04-28
4000. SERVICENOW INC COM   2014-01-29 2014-04-28
1000. SPECTRA ENERGY CORP COM   2011-12-23 2014-09-10
1000. SPECTRA ENERGY CORP COM   2011-12-09 2014-09-10
1000. SPECTRA ENERGY CORP COM   2012-05-24 2014-09-30
1000. SPECTRA ENERGY CORP COM   2012-05-24 2014-12-16
3037.462 THORNBURG INTL VALUE FUND CL I   2013-02-01 2014-03-06
3422.313 THORNBURG INTL VALUE FUND CL I   2013-02-12 2014-03-06
2749.141 THORNBURG INTL VALUE FUND CL I   2013-02-14 2014-03-06
400.309 THORNBURG INTL VALUE FUND CL I   2013-01-11 2014-03-06
1660.027 THORNBURG INTL VALUE FUND CL I   2013-01-11 2014-04-11
3483.67 THORNBURG INTL VALUE FUND CL I   2013-01-11 2014-05-07
2000.736 THORNBURG INTL VALUE FUND CL I   2012-05-01 2014-05-07
1101.04 THORNBURG INTL VALUE FUND CL I   2012-03-12 2014-05-07
3196.931 THORNBURG INTL VALUE FUND CL I   2012-03-12 2014-07-07
3249.919 THORNBURG INTL VALUE FUND CL I   2012-03-12 2014-07-10
3306.878 THORNBURG INTL VALUE FUND CL I   2012-03-12 2014-08-05
4841.833 THORNBURG INTL VALUE FUND CL I   2012-03-12 2014-08-25
1328.538 THORNBURG INTL VALUE FUND CL I   2012-03-12 2014-09-04
1064.57 THORNBURG INTL VALUE FUND CL I   2010-09-29 2014-09-04
3245.699 THORNBURG INTL VALUE FUND CL I   2010-09-29 2014-09-24
3415.301 THORNBURG INTL VALUE FUND CL I   2010-09-29 2014-10-22
4388.07 THORNBURG INTL VALUE FUND CL I   2010-09-29 2014-11-13
5120.256 THORNBURG INTL VALUE FUND CL I   2012-03-06 2014-11-13
500. VALEANT PHARMACEUTICALS INTL INC CDA COM   2011-12-02 2014-03-14
500. VALEANT PHARMACEUTICALS INTL INC CDA COM   2011-12-02 2014-04-04
500. VALEANT PHARMACEUTICALS INTL INC CDA COM   2011-12-02 2014-04-30
500. VALEANT PHARMACEUTICALS INTL INC CDA COM   2011-12-02 2014-05-06
500. VALEANT PHARMACEUTICALS INTL INC CDA COM   2011-12-02 2014-05-15
1000. VALEANT PHARMACEUTICALS INTL INC CDA COM   2011-12-02 2014-08-04
500. VALEANT PHARMACEUTICALS INTL INC CDA COM   2011-12-02 2014-08-05
500. VALEANT PHARMACEUTICALS INTL INC CDA COM   2011-12-02 2014-09-10
500. VALEANT PHARMACEUTICALS INTL INC CDA COM   2011-12-02 2014-09-30
200. VISA INC CL A COM   2013-04-22 2014-06-04
600. VISA INC CL A COM   2013-04-22 2014-06-06
1000. WHOLE FOODS MKT INC COM   2013-11-22 2014-04-10
3729. WHOLE FOODS MKT INC COM   2012-11-20 2014-04-16
4271. WHOLE FOODS MKT INC COM   2012-11-20 2014-04-17
1000. WILLIAMS COS INC DEL COM   2012-08-24 2014-12-16
1000. WILLIAMS COS INC DEL COM   2012-08-24 2014-12-17
18300. MEXICAN BONOS DESARR BD SER M ISIN MX0MGO0000K3   2013-01-25 2014-06-19
1000. ACCENTURE PLC CL A COM   2009-01-15 2014-09-11
1000. ACCENTURE PLC CL A COM   2009-01-15 2014-09-24
5000. LYONDELLBASELL INDUSTRIES NV CL A COM   2014-04-11 2014-12-02
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 78,231   34,651 43,580
b 50,599   20,535 30,064
c 100,000   101,084 -1,084
d 106,000   56,096 49,904
e 29,684   5,246 24,438
200,000   201,695 -1,695
61,863   38,730 23,133
60,988   38,529 22,459
56,914   37,666 19,248
50,535   37,200 13,335
48,025   37,200 10,825
45,305   37,082 8,223
53,228   18,195 35,033
58,212   41,748 16,464
58,329   39,798 18,531
58,329   37,933 20,396
58,747   37,933 20,814
62,451   37,933 24,518
61,874   36,864 25,010
60,750   36,864 23,886
116,970   73,729 43,241
57,853   74,003 -16,150
57,853   71,361 -13,508
58,085   71,361 -13,276
54,147   71,361 -17,214
46,615   71,361 -24,746
27,279   35,680 -8,401
136,316   178,402 -42,086
90,771   52,585 38,186
169,303   105,170 64,133
100,000   78,161 21,839
161,457   121,839 39,618
38,543   28,156 10,387
95,028   71,844 23,184
4,972   3,751 1,221
41,826   42,399 -573
41,902   40,993 909
41,902   37,028 4,874
41,090   37,026 4,064
85,625   74,053 11,572
80,000   80,403 -403
100,000   100,605 -605
50,000   51,551 -1,551
50,000   50,328 -328
48,918   49,672 -754
1,082   1,096 -14
46,990   48,904 -1,914
3,010   3,129 -119
79,603   54,321 25,282
79,804   53,999 25,805
81,682   83,101 -1,419
81,682   80,528 1,154
153,459   147,573 5,886
79,700   73,786 5,914
79,636   73,786 5,850
155,948   147,573 8,375
200,000   200,000  
100,000   98,694 1,306
53,740   43,545 10,195
53,740   35,300 18,440
53,194   33,889 19,305
53,194   31,713 21,481
84,028   17,724 66,304
91,110   17,724 73,386
12,000   7,135 4,865
19   11 8
200,000   201,167 -1,167
108,136   118,500 -10,364
55,132   59,250 -4,118
55,799   59,250 -3,451
294,426   296,250 -1,824
418,749   251,350 167,399
104,983   62,838 42,145
103,622   62,106 41,516
55,604   47,873 7,731
16,710   13,943 2,767
94,691   78,073 16,618
107,082   91,850 15,232
16,011   13,778 2,233
37,359   31,725 5,634
53,527   45,321 8,206
53,674   45,321 8,353
18,054   13,596 4,458
60,179   44,418 15,761
60,179   44,217 15,962
42,125   30,530 11,595
98,253   78,979 19,274
49,127   39,442 9,685
153,207   118,327 34,880
102,138   78,304 23,834
51,069   39,009 12,060
51,069   38,833 12,236
153,207   114,908 38,299
255,345   190,625 64,720
200,000   198,152 1,848
78,945   82,630 -3,685
1,216   1,399 -183
48,784   55,462 -6,678
50,000   57,113 -7,113
32,781   37,825 -5,044
67,219   73,712 -6,493
50,636   54,108 -3,472
152,508   161,370 -8,862
47,754   28,208 19,546
47,754   27,562 20,192
93,689   54,708 38,981
93,445   54,708 38,737
93,377   54,708 38,669
93,377   54,708 38,669
102,153   100,337 1,816
34,989   31,105 3,884
57,738   37,831 19,907
167,564   113,492 54,072
111,709   67,022 44,687
60,267   33,511 26,756
50,000   54,875 -4,875
100,000   107,551 -7,551
86,758   58,530 28,228
30,359   19,510 10,849
61,087   39,020 22,067
61,963   39,020 22,943
155,283   97,550 57,733
105,695   127,668 -21,973
38,188   32,861 5,327
35,859   32,861 2,998
73,321   65,722 7,599
141,558   175,376 -33,818
291,774   350,751 -58,977
300,000   297,180 2,820
103,565   79,617 23,948
48,009   37,070 10,939
42,028   37,070 4,958
90,178   127,344 -37,166
180,355   231,269 -50,914
41,042   30,794 10,248
41,042   29,485 11,557
39,006   28,804 10,202
32,763   28,804 3,959
94,830   90,000 4,830
106,845   100,000 6,845
85,828   80,000 5,828
12,498   11,553 945
50,000   47,908 2,092
105,799   100,539 5,260
60,762   54,360 6,402
33,439   29,783 3,656
100,000   86,477 13,523
100,000   87,910 12,090
100,000   89,451 10,549
150,000   130,972 19,028
41,636   35,937 5,699
33,364   28,445 4,919
100,000   86,725 13,275
100,000   91,257 8,743
134,714   117,249 17,465
157,192   136,250 20,942
69,978   23,606 46,372
61,811   23,606 38,205
66,387   23,606 42,781
67,673   23,606 44,067
62,250   23,606 38,644
116,679   47,213 69,466
55,607   23,606 32,001
59,774   23,606 36,168
64,985   23,606 41,379
41,989   32,635 9,354
127,696   97,905 29,791
49,531   55,993 -6,462
179,336   173,736 5,600
205,200   198,988 6,212
41,562   32,092 9,470
42,925   32,092 10,833
140,665   145,586 -4,921
81,211   31,658 49,553
78,851   31,658 47,193
384,809   438,689 -53,880
      91,270
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       43,580
b       30,064
c       -1,084
d       49,904
e       24,438
      -1,695
      23,133
      22,459
      19,248
      13,335
      10,825
      8,223
      35,033
      16,464
      18,531
      20,396
      20,814
      24,518
      25,010
      23,886
      43,241
      -16,150
      -13,508
      -13,276
      -17,214
      -24,746
      -8,401
      -42,086
      38,186
      64,133
      21,839
      39,618
      10,387
      23,184
      1,221
      -573
      909
      4,874
      4,064
      11,572
      -403
      -605
      -1,551
      -328
      -754
      -14
      -1,914
      -119
      25,282
      25,805
      -1,419
      1,154
      5,886
      5,914
      5,850
      8,375
       
      1,306
      10,195
      18,440
      19,305
      21,481
      66,304
      73,386
      4,865
      8
      -1,167
      -10,364
      -4,118
      -3,451
      -1,824
      167,399
      42,145
      41,516
      7,731
      2,767
      16,618
      15,232
      2,233
      5,634
      8,206
      8,353
      4,458
      15,761
      15,962
      11,595
      19,274
      9,685
      34,880
      23,834
      12,060
      12,236
      38,299
      64,720
      1,848
      -3,685
      -183
      -6,678
      -7,113
      -5,044
      -6,493
      -3,472
      -8,862
      19,546
      20,192
      38,981
      38,737
      38,669
      38,669
      1,816
      3,884
      19,907
      54,072
      44,687
      26,756
      -4,875
      -7,551
      28,228
      10,849
      22,067
      22,943
      57,733
      -21,973
      5,327
      2,998
      7,599
      -33,818
      -58,977
      2,820
      23,948
      10,939
      4,958
      -37,166
      -50,914
      10,248
      11,557
      10,202
      3,959
      4,830
      6,845
      5,828
      945
      2,092
      5,260
      6,402
      3,656
      13,523
      12,090
      10,549
      19,028
      5,699
      4,919
      13,275
      8,743
      17,465
      20,942
      46,372
      38,205
      42,781
      44,067
      38,644
      69,466
      32,001
      36,168
      41,379
      9,354
      29,791
      -6,462
      5,600
      6,212
      9,470
      10,833
      -4,921
      49,553
      47,193
      -53,880
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,517,037
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 2,154,969 46,119,008 0.046726
2012 1,970,764 42,179,862 0.046723
2011 1,879,656 41,045,918 0.045794
2010 2,073,726 38,330,410 0.054101
2009 3,206,037 35,347,937 0.090699
2 Total of line 1, column (d) ...................... 2 0.284043
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 0.056809
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 50,721,801
5 Multiply line 4 by line 3....................... 5 2,881,455
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 33,984
7 Add lines 5 and 6......................... 7 2,915,439
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,520,622
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 67,969
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 67,969
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 67,969
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 79,639
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 79,639
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 11,670
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet11,670 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)
    bulletVA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS TRUST FIDUCIARY TAX SERVICES Telephone no.bullet (888) 866-3275
    Located atbulletPO BOX 1802PROVIDENCERI ZIP+4bullet029011802
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    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
    BANK OF AMERICA N A TRUSTEE
    1     		45,140    
    114 W 47TH ST
    NEW YORK,NY10036
    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
    50,048,044
    b
    Average of monthly cash balances.......................
    1b
    1,446,170
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    51,494,214
    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
    51,494,214
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    772,413
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    50,721,801
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,536,090
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,536,090
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    67,969
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    67,969
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,468,121
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,468,121
    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
    2,468,121
    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
    2,520,622
    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
    2,520,622
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,520,622
    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 2,468,121
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 721,911
    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$ 2,520,622
    a Applied to 2013, but not more than line 2a 721,911
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 1,798,711
    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 ..........     		669,410
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    WESTMORELAND DAVIS MEM
    FOUNDATION INC
    17195 SOUTHERN PLANTER LN
    LEESBURG,VA201787433     		N/A PF UNRESTRICTED GENERAL 2,502,566
    Total .................................bullet 3a 2,502,566
    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....     14 901,428  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 18,894  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 2,517,037  
    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)..   3,437,359  
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,437,359
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


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    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2014 ExpenditureResponsibilityStmt
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN: 13-6138067
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
     
          		17195 SOUTHERN PLANTER LN
    LEESBURG,VA201787433     		2014-12-31 2,502,556 PAYROLL, TAXES, BENEFITS, MAINTENANCE, UTILITIES AND INSURANCE 2,502,556 NONE 1/30/2015 2015-02-09  

    TY 2014 GeneralExplanationAttachment
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN: 13-6138067
    Identifier Return Reference Explanation
    FEDERAL FOOTNOTE PART VIII LIST OF OFFICERS AND DIRECTORS THE COMPENSATION SHOWN ON THE RETURN THAT IS PAID TO BANK OF AMERICA, N.A. AS CORPORATE TRUSTEE IS NOT CALCULATED BASED UPON AN HOURLY RATE FOR THE TIME SPENT BY THE TRUSTEE, RATHER, BANK OF AMERICA'S COMPENSATION IS CALCULATED USING A MARKET VALUE FEE SCHEDULE. THE TRUST OFFICER'S TIME SPENT PERFORMING ADMINISTRATIVE RESPONSIBILITIES FOR THIS FOUNDATION AVERAGES ONE HOUR PER WEEK. IN ADDITION, TIME IS SPENT BY OTHER STAFF MEMBERS FOR RECORDKEEPING, INVESTMENT MANAGEMENT, INCOME COLLECTION, RENDERING STATEMENTS AND ACCOUNTINGS, REGULATORY REPORTING, REGULATORY COMPLIANCE, AND TAX SERVICES.

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN: 13-6138067
    Name of Bond End of Year Book Value End of Year Fair Market Value
    020002AR2 ALLSTATE CORP SR NT    
    084664AT8 BERKSHIRE HATHAWAY F 199,642 200,232
    097023AV7 BOEING CO SR UNSECD    
    14911RAJ8 CATERPILLAR FINL SVC 98,484 101,712
    17275RAC6 CISCO SYS INC NT 193,618 211,004
    172967FS5 CITIGROUP INC SR NT 204,774 207,614
    172967FW6 CITIGROUP INC SR NT 205,597 211,416
    369604AY9 GENERAL ELEC CO NT    
    36962GP65 GENERAL ELEC CAP COR 198,530 201,464
    38141GDK7 GOLDMAN SACHS GROUP    
    38143UAB7 GOLDMAN SACHS GROUP    
    428236AT0 HEWLETT PACKARD CO N    
    46625HAX8 J P MORGAN CHASE & C 96,643 101,426
    46625HBV1 JPMORGAN CHASE & CO    
    589331AP2 MERCK & CO INC SR UN    
    742718DM8 PROCTER & GAMBLE CO 200,069 200,728
    78387GAP8 SBC COMMUNICATIONS I    
    927804EU4 VIRGINIA ELEC & PWR    
    92976WBJ4 WACHOVIA CORP GLOBAL    
    94974BEZ9 WELLS FARGO & CO NEW 198,506 205,484
    949746FJ5 WELLS FARGO & CO NEW    
    05565QBT4 BP CAP MKTS PLC CO G 205,182 203,860
    035242AC0 ANHEUSER BUSCH INBEV 195,008 197,848
    191216AU4 COCA COLA CO SR UNSE 205,294 203,336
    084670BH0 BERKSHIRE HATHAWAY I 300,647 299,853
    172967GP0 CITIGROUP INC SR UNS 301,257 300,426
    22160KAF2 COSTCO WHOLESALE COR 196,346 196,392
    36962G6W9 GENERAL ELEC CAP COR 300,489 300,459
    58933YAD7 MERCK & CO INC NEW S 200,301 200,044
    594918AP9 MICROSOFT CORP SR UN 198,104 198,006
    717081DD2 PFIZER INC SR UNSECD 199,894 199,206

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN: 13-6138067
    Name of Stock End of Year Book Value End of Year Fair Market Value
    233331602 DTE ENERGY CO PFD JR    
    949746879 WELLS FARGO & CO NEW 404,554 408,380
    464287804 CEF ISHARES CORE S&P 273,040 684,360
    46625H365 JPMORGAN ALERIAN MLP    
    13342B105 CAMERON INTL CORP CO 171,198 249,750
    166764100 CHEVRON CORP COM 146,196 224,360
    30231G102 EXXON MOBIL CORP COM 354,906 462,250
    806857108 SCHLUMBERGER LTD COM 161,275 427,050
    847560109 SPECTRA ENERGY CORP 418,351 580,800
    969457100 WILLIAMS COS INC DEL 495,972 763,980
    278865100 ECOLAB INC COM 113,829 627,120
    380956409 GOLDCORP INC NEW COM    
    61166W101 MONSANTO CO NEW COM 234,578 418,145
    149123101 CATERPILLAR INC COM 54,585 137,295
    235851102 DANAHER CORP DEL COM 232,746 599,970
    244199105 DEERE & CO COM    
    302130109 EXPEDITORS INTL WASH 185,132 223,050
    666807102 NORTHROP GRUMMAN COR 332,843 884,340
    907818108 UNION PAC CORP COM 344,262 1,072,170
    98419M100 XYLEM INC COM 468,012 799,470
    023135106 AMAZON COM INC COM 235,170 465,525
    254687106 DISNEY WALT CO COM D 330,211 988,995
    580135101 MCDONALDS CORP COM    
    988498101 YUM BRANDS INC COM    
    03524A108 ANHEUSER BUSCH INBEV 318,019 673,920
    191216100 COCA COLA CO COM    
    405217100 HAIN CELESTIAL GROUP 177,244 1,165,800
    423074103 HEINZ H J CO COM    
    494368103 KIMBERLY CLARK CORP 164,960 288,850
    582839106 MEAD JOHNSON NUTRITI 422,063 904,860
    609207105 MONDELEZ INTL INC CO 762,153 1,017,100
    742718109 PROCTER & GAMBLE CO 260,646 637,630
    966837106 WHOLE FOODS MKT INC    
    002824100 ABBOTT LABS COM 129,039 225,100
    015351109 ALEXION PHARMACEUTIC 312,557 1,147,186
    110122108 BRISTOL MYERS SQUIBB 139,497 413,210
    156782104 CERNER CORP COM 222,990 969,900
    375558103 GILEAD SCIENCES INC 336,393 1,131,120
    53217V109 LIFE TECHNOLOGIES CO    
    717081103 PFIZER INC COM 291,188 467,250
    75886F107 REGENERON PHARMACEUT 95,937 820,500
    91911K102 VALEANT PHARMACEUTIC 188,431 572,440
    H0023R105 ACE LTD COM 444,840 1,033,920
    03076C106 AMERIPRISE FINL INC 176,489 529,000
    46625H100 J P MORGAN CHASE & C 166,900 250,320
    949746101 WELLS FARGO & CO NEW 516,683 986,760
    G1151C101 ACCENTURE PLC CL A C 180,350 535,860
    037833100 APPLE INC COM 166,134 1,048,610
    268648102 EMC CORP COM    
    38259P508 GOOGLE INC CL A COM 323,218 583,726
    458140100 INTEL CORP COM 219,002 399,190
    594918104 MICROSOFT CORP COM 435,453 696,750
    68389X105 ORACLE CORP COM    
    277902698 EATON VANCE ATLANTA 1,188,279 1,786,663
    04315J860 ARTIO GLOBAL HIGH IN    
    74253Q416 PRINCIPAL PFD SECS F 297,780 305,054
    52106N889 LAZARD EMERGING MKTS    
    885215566 THORNBURG INTL VALUE    
    1261291M7 INTERM GOVT/CREDIT B 2,858,525 2,704,470
    995555927 LONG TERM TAXABLE BO    
    464286848 ISHARES MSCI JAPAN E    
    126408103 CSX CORP COM 475,034 688,370
    167250109 CHICAGO BRDG & IRON    
    6356934#8 FANUC CORP JPY50 316,715 332,708
    741503403 PRICELINE GROUP INC 290,210 342,063
    90130A101 TWENTY-FIRST CENTY F 594,811 691,290
    00287Y109 ABBVIE INC COM 111,227 261,760
    026874784 AMERICAN INTL GROUP 241,626 280,050
    38141G104 GOLDMAN SACHS GROUP 142,731 193,830
    30303M102 FACEBOOK INC CL A CO 179,232 234,060
    747525103 QUALCOMM INC COM 197,166 222,990
    92826C839 VISA INC CL A COM 246,672 367,080
    353612781 FRANKLIN FTLG RATE D 146,871 142,502
    19765E823 CMG ULTRA SHORT TERM 1,100,000 1,099,111
    19765L694 COLUMBIA STRATEGIC I 100,000 93,689
    68380L407 OPPENHEIMER INTL GRO 1,437,574 1,383,339
    693475857 PNC FINL SVCS GROUP 320,527 333,120
    902973817 US BANCORP DEL PRFD 274,800 271,200
    921937827 VANGUARD SHORT TERM 921,493 919,425
    97717W851 WISDOMTREE JAPAN HED 441,377 393,840
    49456B101 KINDER MORGAN INC DE 414,479 423,100
    81211K100 SEALED AIR CORP NEW 566,522 721,310
    50076Q106 KRAFT FOODS GROUP IN 659,555 689,260
    966244105 WHITEWAVE FOODS CO C 581,662 559,840
    G0083B108 ACTAVIS PLC COM 458,923 437,597
    018490102 ALLERGAN INC COM 491,574 637,770
    98978V103 ZOETIS INC CL A COM 259,049 258,180
    617446448 MORGAN STANLEY COM 526,498 659,600
    902973304 US BANCORP DEL COM N 522,216 539,400
    00724F101 ADOBE SYS INC COM 562,169 654,300
    38259P706 GOOGLE INC COM CL C 177,739 368,480
    258620103 DOUBLELINE TOTAL RET 720,000 719,567
    315807552 FIDELITY ADVISOR FLO 167,440 161,394

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN: 13-6138067
    US Government Securities - End of Year Book Value:

    101,028
    US Government Securities - End of Year Fair Market Value:

    99,959
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 OtherDecreasesSchedule
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN: 13-6138067
    Description Amount
       
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN: 13-6138067
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER INVESTMENT FEE 415 415   0


    TY 2014 OtherIncomeSchedule2
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN: 13-6138067
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 18,894 18,894  


    TY 2014 TaxesSchedule
    Name:
    UD M DAVIS FOR W DAVIS MEM FDN
    EIN: 13-6138067
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 7,188 7,188   0
    EXCISE TAX ESTIMATES 72,500 0   0
    FOREIGN TAXES ON QUALIFIED FOR 3,929 3,929   0
    FOREIGN TAXES ON NONQUALIFIED 281 281   0