TY 2014 Form 990

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)
(1) DON ALEXANDER........................................................................ MEMBER	1.00 .......................	X	12,500
(2) SUBHI ALI MD........................................................................ MEMBER	1.00 .......................	X	12,500
(3) KARL ALTENBURGER MD........................................................................ MEMBER	1.00 .......................	X	2,500
(4) TODD ATWATER........................................................................ MEMBER	1.00 .......................	X	12,500
(5) JAMES CROSS MD........................................................................ MEMBER	1.00 .......................	X	0
(6) LAWRENCE DOWNS ESQ........................................................................ MEMBER	1.00 .......................	X	12,500
(7) WILLIAM GUERTIN........................................................................ MEMBER	1.00 .......................	X	10,000
(8) JENNIFER HANSCOM........................................................................ MEMBER	1.00 .......................	X	10,000
(9) PAUL HARRINGTON........................................................................ MEMBER	1.00 .......................	X	0
(10) RIPLEY HOLLISTER MD........................................................................ MEMBER	1.00 .......................	X	12,500
(11) SANDRA JOHNSON........................................................................ MEMBER	1.00 .......................	X	12,500
(12) PALMER JONES........................................................................ MEMBER	1.00 .......................	X	12,500
(13) RUSSELL C LIBBY MD........................................................................ MEMBER	1.00 .......................	X	12,500
(14) ALEX MALTER MD........................................................................ MEMBER	1.00 .......................	X	12,500
(15) GERALD MCKENNA MD........................................................................ MEMBER	1.00 .......................	X	12,500
(16) GARY PRICE MD........................................................................ MEMBER	1.00 .......................	X	12,500
(17) PHIL SCHUH........................................................................ MEMBER	1.00 .......................	X	0

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) DON ALEXANDER........................................................................
MEMBER

1.00
.......................

12,500

(2) SUBHI ALI MD........................................................................
MEMBER

1.00
.......................

12,500

(3) KARL ALTENBURGER MD........................................................................
MEMBER

1.00
.......................

2,500

(4) TODD ATWATER........................................................................
MEMBER

1.00
.......................

12,500

(5) JAMES CROSS MD........................................................................
MEMBER

1.00
.......................

(6) LAWRENCE DOWNS ESQ........................................................................
MEMBER

1.00
.......................

12,500

(7) WILLIAM GUERTIN........................................................................
MEMBER

1.00
.......................

10,000

(8) JENNIFER HANSCOM........................................................................
MEMBER

1.00
.......................

10,000

(9) PAUL HARRINGTON........................................................................
MEMBER

1.00
.......................

(10) RIPLEY HOLLISTER MD........................................................................
MEMBER

1.00
.......................

12,500

(11) SANDRA JOHNSON........................................................................
MEMBER

1.00
.......................

12,500

(12) PALMER JONES........................................................................
MEMBER

1.00
.......................

12,500

(13) RUSSELL C LIBBY MD........................................................................
MEMBER

1.00
.......................

12,500

(14) ALEX MALTER MD........................................................................
MEMBER

1.00
.......................

12,500

(15) GERALD MCKENNA MD........................................................................
MEMBER

1.00
.......................

12,500

(16) GARY PRICE MD........................................................................
MEMBER

1.00
.......................

12,500

(17) PHIL SCHUH........................................................................
MEMBER

1.00
.......................

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(18) JOSPEH VALENTI MD........................................................................
MEMBER

1.00
.......................

12,500

(19) LOU GOODMAN PHD........................................................................
PRESIDENT

1.00
.......................

17,500

(20) ALAN PLUMMER MD........................................................................
VICE PRESIDENT

1.00
.......................

15,000

(21) WALKER RAY MD........................................................................
VICE PRESIDENT

1.00
.......................

16,000

(22) LAWRENCE BRAUD MD........................................................................
SECRETARY

1.00
.......................

15,000

(23) ROBERT SELIGSON........................................................................
TREASURER

1.00
.......................

15,000

(A) Name and business address	(B) Description of services	(C) Compensation
GMA FOUNDATIONS INC 77 SUMMER STREET 8TH FLOOR BOSTON,MA02110	GRANT MGMT AND ADMINISTRATION	414,656
COOPERKATZ & COMPANY INC 205 LEXINGTON AVE 5TH FLOOR NEW YORK,NY10016	PUBLIC RELATIONS	384,497
NORBECK ASSOCIATES LLC 22451 GLENVIEW LANE BONITA SPRINGS,FL34135	EXECUTIVE LEVEL MANAGEMENT SVCS.	321,747
BOSTROM CORPORATION 35 E WACKER DRIVE SUITE 850 CHICAGO,IL60601	CONSULTING SERVICES	240,900
TYPOMDCOM LLC 1359 COUNTRY SQUIRE DRIVE COLUMBIA,SC29212	EXECUTIVE LEVEL MANAGEMENT SVCS.	215,244
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 5

(A)
Name and business address

(B)
Description of services

GMA FOUNDATIONS INC

77 SUMMER STREET 8TH FLOOR
BOSTON,MA02110

GRANT MGMT AND ADMINISTRATION

414,656

COOPERKATZ & COMPANY INC

205 LEXINGTON AVE 5TH FLOOR
NEW YORK,NY10016

PUBLIC RELATIONS

384,497

NORBECK ASSOCIATES LLC

22451 GLENVIEW LANE
BONITA SPRINGS,FL34135

EXECUTIVE LEVEL MANAGEMENT SVCS.

321,747

BOSTROM CORPORATION

35 E WACKER DRIVE SUITE 850
CHICAGO,IL60601

CONSULTING SERVICES

240,900

TYPOMDCOM LLC

1359 COUNTRY SQUIRE DRIVE
COLUMBIA,SC29212

EXECUTIVE LEVEL MANAGEMENT SVCS.

215,244

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.	(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	1,456,477	1,456,477
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ....
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............
4	Benefits paid to or for members ....
5	Compensation of current officers, directors, trustees, and key employees ....	251,000		251,000
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages ....
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......	483,332		483,332
b	Legal .........	63,268		63,268
c	Accounting ...........	90,000		90,000
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	457,383		457,383
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....
12	Advertising and promotion ....
13	Office expenses .......	2,690		2,690
14	Information technology ......	48,126		48,126
15	Royalties ..
16	Occupancy ...........
17	Travel ............	275,158		275,158
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......
19	Conferences, conventions, and meetings ....	206,188		206,188
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization .....	1,141		1,141
23	Insurance ..............	21,743		21,743
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PROFESSIONAL CONSULTING	1,762,159	1,690,291	71,868
b	COMMUNICATIONS	431,066		431,066
c	LEADERSHIP DEVELOPMENT	123,008	123,008
d	MISCELLANEOUS	47,777		47,777
e	All other expenses	10,984	-36,289	47,273
25	Total functional expenses. Add lines 1 through 24e	5,731,500	3,233,487	2,498,013	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.

(A)
Total expenses

(B)
Program service expenses

(D)
Fundraising expenses

Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....

1,456,477

Grants and other assistance to domestic individuals. See Part IV, line 22 ....

Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............

Benefits paid to or for members ....

Compensation of current officers, directors, trustees, and key employees ....

251,000

Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....

Other salaries and wages ....

Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....

Other employee benefits .......

Payroll taxes ...........

Fees for services (non-employees):

Management ......

483,332

Legal .........

63,268

Accounting ...........

90,000

Lobbying ...........

Professional fundraising services. See Part IV, line 17

Investment management fees ......

457,383

Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....

Advertising and promotion ....

Office expenses .......

2,690

Information technology ......

48,126

Royalties ..

Occupancy ...........

Travel ............

275,158

Payments of travel or entertainment expenses for any federal, state, or local public officials ......

Conferences, conventions, and meetings ....

206,188

Interest ...........

Payments to affiliates .......

Depreciation, depletion, and amortization .....

1,141

Insurance ..............

21,743

Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)

PROFESSIONAL CONSULTING

1,762,159

1,690,291

71,868

COMMUNICATIONS

431,066

LEADERSHIP DEVELOPMENT

123,008

MISCELLANEOUS

47,777

All other expenses

10,984

-36,289

47,273

Total functional expenses. Add lines 1 through 24e

5,731,500

3,233,487

2,498,013

Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet

if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	3,980,710	1	3,443,135
2	Savings and temporary cash investments .........		2
3	Pledges and grants receivable, net ...........		3
4	Accounts receivable, net .............		4
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
			5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
			6
7	Notes and loans receivable, net .............		7
8	Inventories for sale or use ..............		8
9	Prepaid expenses and deferred charges ..........	101,234	9	81,751
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	18,375
b	Less: accumulated depreciation .....	10b	18,090	1,426	10c	285
11	Investments—publicly traded securities ..........		11
12	Investments—other securities. See Part IV, line 11 .....	119,517,927	12	119,024,818
13	Investments—program-related. See Part IV, line 11 .....		13
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........		15
16	Total assets. Add lines 1 through 15 (must equal line 34)......	123,601,297	16	122,549,989
	17	Accounts payable and accrued expenses .........	27,931	17	133,388
18	Grants payable .................	1,815,298	18	1,597,658
19	Deferred revenue ................		19
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................		25
26	Total liabilities. Add lines 17 through 25.........	1,843,229	26	1,731,046
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	121,758,068	27	120,818,943
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets ...........		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	121,758,068	33	120,818,943
34	Total liabilities and net assets/fund balances ........	123,601,297	34	122,549,989

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............

(A)
Beginning of year

(B)
End of year

Cash–non-interest-bearing .............

3,980,710

3,443,135

Savings and temporary cash investments .........

Pledges and grants receivable, net ...........

Accounts receivable, net .............

Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................

Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L

Notes and loans receivable, net .............

Inventories for sale or use ..............

Prepaid expenses and deferred charges ..........

101,234

81,751

10a

Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D

10a

18,375

Less: accumulated depreciation .....

10b

18,090

1,426

10c

285

Investments—publicly traded securities ..........

Investments—other securities. See Part IV, line 11 .....

119,517,927

119,024,818

Investments—program-related. See Part IV, line 11 .....

Intangible assets ...............

Other assets. See Part IV, line 11 ...........

Total assets. Add lines 1 through 15 (must equal line 34)......

123,601,297

122,549,989

Accounts payable and accrued expenses .........

27,931

133,388

Grants payable .................

1,815,298

1,597,658

Deferred revenue ................

Tax-exempt bond liabilities .............

Escrow or custodial account liability. Complete Part IV of Schedule D..

Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified

persons. Complete Part II of Schedule L..........

Secured mortgages and notes payable to unrelated third parties ..

Unsecured notes and loans payable to unrelated third parties ....

Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................

Total liabilities. Add lines 17 through 25.........

1,843,229

1,731,046

Organizations that follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 27 through 29, and lines 33 and 34.

Unrestricted net assets ..............

121,758,068

120,818,943

Temporarily restricted net assets ...........

Permanently restricted net assets ...........

Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 30 through 34.

Capital stock or trust principal, or current funds ........

Paid-in or capital surplus, or land, building or equipment fund .....

Retained earnings, endowment, accumulated income, or other funds

Total net assets or fund balances ...........

121,758,068

120,818,943

Total liabilities and net assets/fund balances ........

123,601,297

122,549,989

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

THE PHYSICIANS FOUNDATION INC
C/O WILLIAM MAHON

Employer identification number

20-0914085

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 11a through 11d that describes the type of supporting organization and complete lines 11e, 11f, and 11g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ............................. 37

Provide the following information about the supported organization(s).

(i)Name of supported organization	(ii) EIN	(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i)Name of supported organization	(ii) EIN		Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(A) NEW HAMPSHIRE MEDICAL SOCIETY	020223176	501(C)(6)	Yes		0	0
(B) MEDICAL SOCIETY OF NORTHERN VIRGINIA	540739279	501(C)(6)	Yes		0	0
(C) DENTON COUNTY MEDICAL SOCIETY	751676014	501(C)(6)	Yes		0	0
(D) CONNECTICUT STATE MEDICAL SOCIETY PHYSICIANS HEAL	060665164	501(C)(6)	Yes		0	0
(E) FLORIDA MEDICAL ASSOCIATION	590559672	501(C)(6)	Yes		0	0
(F) HAWAII MEDICAL ASSOCIATION	990067306	501(C)(6)	Yes		0	0
(G) NORTH CAROLINA MEDICAL ASSOCIATION	560320130	501(C)(6)	Yes		0	0
(H) NEBRASKA MEDICAL ASSOCIATION	470372108	501(C)(6)	Yes		0	0
(I) MEDICAL SOCIETY OF NEW JERSEY	210601684	501(C)(6)	Yes		0	0
(J) MEDICAL SOCIETY OF NEW YORK	131030760	501(C)(6)	Yes		0	0
(K) SOUTH CAROLINA MEDICAL ASSOCIATION	570248750	501(C)(6)	Yes		0	0
(L) TEXAS MEDICAL ASSOCIATION	741078510	501(C)(6)	Yes		0	0
(M) VERMONT MEDICAL SOCIETY	030164911	501(C)(6)	Yes		0	0
(N) LOUISIANA STATE MEDICAL SOCIETY	720386637	501(C)(6)	Yes		0	0
(O) CALIFORNIA MEDICAL ASSOCIATION	940359340	501(C)(6)	Yes		0	0
(P) MEDICAL ASSOCIATION OF GEORGIA	580605267	501(C)(6)	Yes		0	0
(Q) TENNESSEE MEDICAL ASSOCIATION	620382010	501(C)(6)	Yes		0	0
(R) WASHINGTON STATE MEDICAL ASSOCIATION	910462170	501(C)(6)	Yes		0	0
(S) ALASKA STATE MEDICAL ASSOCIATION	926002176	501(C)(6)	Yes		0	0
(T) EL PASO COUNTY MEDICAL SOCIETY	741238007	501(C)(6)	Yes		0	0
(U) AMERICAN COLLEGE OF RADIOLOGY FOUNDATION	366125578	501(C)(3)		No	75,000	0
(V) KENTUCKY FOUNDATION FOR MEDICAL CARE INC	237181728	501(C)(3)		No	74,590	0
(W) MEDICAL EDUCATIONAL AND SCIENTIFIC FOUNDATION OF NEW YORK	112780360	501(C)(3)		No	69,016	0
(X) MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION	570906060	501(C)(3)		No	75,000	0
(Y) PHYSICIAN HEALTH SERVICES	223234975	501(C)(3)		No	50,000	0
(Z) UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOL	043167352	501(C)(3)		No	75,000	0
(AA) UTAH MEDICAL ASSOCIATION FOUNDATION	876122299	501(C)(3)		No	75,000	0
(AB) WASHINGTON STATE MEDICAL ASSOCIATION FOUNDATION FOR HEALTH CARE IMPROVEMENT	916074463	501(C)(3)		No	75,000	0
(AC) WISCONSIN MEDICAL SOCIETY FOUNDATION	396045649	501(C)(3)		No	72,300	0
(AD) THE DANIEL HANLEY CENTER FOR HEALTH LEADERSHIP	204271488	501(C)(3)		No	75,000	0
(AE) CONNECTICUT STATE MEDICAL SOCIETY PHEF	061425205	501(C)(3)		No	58,833	0
(AF) BRANDEIS UNIVERSITY	042103552	501(C)(3)		No	102,660	0
(AG) COLORADO ACADEMY OF FAMILY PHYSICIANS	841150631	501(C)(3)		No	50,000	0
(AH) THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL	566001393	501(C)(3)		No	504,078	0
(AI) AMERICAN ASSOCIATION OF MEDICAL SOCIETY EXECUTIVES	362915937	501(C)(3)		No	5,000	0
(AJ) FOUNDATION OF THE AMERICAN ASSOCIATION OF MEDICAL SOCIETY	363790660	501(C)(3)		No	10,000	0
(AK) WISCONSIN MEDICAL SOCIETY FOUNDATION INC	396045649	501(C)(3)		No	10,000	0
Total 37					1,456,477

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2014

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support Add lines 7 through 10.

Gross receipts from related activities, etc. (see instructions) ..................

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2013 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2014. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2013. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2014. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2013. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2013 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2014 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2013 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2014. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2013. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Yes

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Yes

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Yes

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Yes

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).

Yes

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Yes

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Schedule A (Form 990 or 990-EZ) 2014

Page 5

Part IV

Supporting Organizations (continued)

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Yes

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Yes

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2014

Page 6

Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1. Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6
7	Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2014

Page 7

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2014 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2014	(iii) Distributable Amount for 2014
1 Distributable amount for 2014 from Section C, line 6
2 Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions)
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2014 distributable amount
i Carryover from 2009 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2014 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2014 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions)
6 Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions)
7 Excess distributions carryover to 2015. Add lines 3j and 4c.
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......
e From 2014.......

Schedule A (Form 990 or 990-EZ) (2014)

Schedule A (Form 990 or 990-EZ) 2014

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
PAGE 4, PART IV, SECTION A, LINE 1:	AS EXPLAINED IN THE FOUNDATION'S APPLICATION FOR EXEMPTION, THE SUPPORTED ORGANIZATIONS ARE DESIGNATED IN THE GOVERNING DOCUMENTS BY CLASS OR PURPOSE: "TO SUPPORT, BENEFIT OR CARRY OUT THE CHARITABLE PURPOSES OF PUBLICLY SUPPORTED ORGANIZATIONS WHOSE PURPOSES INCLUDE PROMOTING HIGH QUALITY MEDICAL CARE, INCLUDING, WITHOUT LIMITATION, ASSISTING PHYSICIANS AND THE PUBLIC TO IMPROVE THE QUALITY OF CARE RECEIVED BY PATIENTS IN THE EVOLVING HEALTHCARE ENVIRONMENT, IN A MANNER THAT CONSTITUTES CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE."
PAGE 4, PART IV, SECTION A, LINE 2:	IN SUPPORT OF ITS APPLICATION FOR EXEMPT STATUS IN 2006, THE FOUNDATION DETERMINED THAT EACH OF ITS NAMED SUPPORTED ORGANIZATIONS WAS DEEMED TO BE DESCRIBED IN SECTION 509(A)(2) BECAUSE ITS MEMBERSHIP DUES CONSTITUTED MORE THAN ONE THIRD OF THEIR SUPPORT AND NO MORE THAN ONE THIRD OF THEIR SUPPORT CAME FROM GROSS INVESTMENT INCOME AND NET UNRELATED BUSINESS TAXABLE INCOME.
PAGE 4, PART IV, SECTION A, LINE 3B:	IN ITS RECORDS, THE FOUNDATION MAINTAINS A COPY OF THE DETERMININATION LETTER FOR EACH SUPPORTED ORGANIZATION THAT QUALIFIES UNDER SECTION 501(C)(6) ALONG WITH AN ANNUALLY-UPDATED SCHEDULE DEMONSTRATING THE ORGANIZATION'S COMPLIANCE WITH THE SECTION 509(A)(2) PUBLIC SUPPORT TEST.
PAGE 4, PART IV, SECTION A, LINE 3C:	TO ENSURE THAT ITS ASSETS ARE USED FOR CHARITABLE PURPOSES, THE FOUNDATION MAKES GRANTS ONLY TO 501(C)(3) ORGANIZATIONS AND ONLY FOR PROJECTS THAT ARE APPROVED AFTER A RIGOROUS APPLICATION PROCESS. GRANTS ARE MADE SUBJECT TO A WRITTEN AGREEMENT REQUIRING PERIODIC AND FINAL FINANCIAL AND NARRATIVE REPORTS AND PROVIDING THAT THE FOUNDATION MAY WITHHOLD FUTURE PAYMENTS AND DEMAND CORRECTION OF MISUSE OF FUNDS SHOULD THE FOUNDATION DETERMINE FUNDS HAVE NOT BEEN USED FOR APPROVED PURPOSES.
PAGE 4, PART IV, SECTION A, LINE 5A:	AS DESCRIBED IN PART IV, NUMBER 3C, THE FOUNDATION MAKES GRANTS TO 501(C)(3) ORGANIZATIONS THAT ARE INCLUDED IN THE CLASS OF ORGANIZATIONS DESIGNATED IN THE GOVERNING DOCUMENTS BY CLASS OR PURPOSE. IN 2014, THE FOUNDATION MADE NEW GRANTS TO 11 ORGANIZATIONS THAT WERE NOT LISTED ON THE 2013 FORM 990. NO PAYMENTS WERE MADE IN 2014 TO 18 ORGANIZATIONS THAT WERE LISTED ON THE 2013 FORM 990 BECAUSE THE GRANT PERIOD ENDED IN 2013. NAMES AND EINS ARE AVAILABLE ON SCHEDULE A, PART VI OF THE 2013 AND 2014 FORM 990S.
PAGE 5, PART IV, SECTION B, LINE 2:	IN ADDITION TO MAKING GRANTS TO 501(C)(3) ORGANIZATIONS OPERATED, SUPERVISED OR CONTROLLED BY SUPPORTED ORGANIZATIONS NAMED IN THE ORGANIZING DOCUMENTS, THE FOUNDATION ALSO GIVES GRANTS TO 501(C)(3) ORGANIZATIONS TO CARRY OUT THE FOUNDATION'S CHARITABLE PURPOSES. SEE REV. RUL. 76-401, 1976-2 C.B. 175, WHICH PROVIDES THAT THE GENERAL REQUIREMENTS OF SECTIONS 1.509(A)-4(C), (D) AND (E) OF THE REGULATIONS ARE INAPPLICABLE TO SUPPORTED SECTION 501(C)(6) ORGANIZATIONS FOR PURPOSES OF SATISFYING BOTH THE ORGANIZATIONAL AND OPERATIONAL TESTS OF SECTION 509(A)(3)(A) OF THE INTERNAL REVENUE CODE.

Schedule A (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

		Amount
c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1	4,792,374
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	-4,354,726
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e	-4,354,726
3	Subtract line 2e from line 1.....................	3	9,147,100
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................	4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5	9,147,100

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1	5,731,499
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................	2e	0
3	Subtract line 2e from line 1.....................	3	5,731,499
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................	4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5	5,731,499

Return Reference	Explanation
PART X, LINE 2:	THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL AND STATE TAXES ON RELATED INCOME PURSUANT TO SECTION 509(A)(3) OF THE IRC. MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2014. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR ANY STATE JURISDICTIONS FOR YEARS PRIOR TO 2011.

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization
THE PHYSICIANS FOUNDATION INC
C/O WILLIAM MAHON

Employer identification number
20-0914085

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section if applicable	(d) Amount of cash grant	(h) Purpose of grant or assistance
(1) AMERICAN COLLEGE OF RADIOLOGY FOUNDATION 1891 PRESTON WHITE DRIVE RESTON,VA20191	36-6125578	501(C)(3)	75,000	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(2) KENTUCKY FOUNDATION FOR MEDICAL CARE INC 4965 US HIGHWAY 42 SUITE 2000 LOUISVILLE,KY40222	23-7181728	501(C)(3)	74,590	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(3) MEDICAL EDUCATIONAL AND SCIENTIFIC FOUNDATION OF NEW YORK 865 MERRICK AVENUE WESTBURY,NY11590	11-2780360	501(C)(3)	69,015	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(4) MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION PO BOX 2548 RIDGLAND,MS391582548	57-0906060	501(C)(3)	75,000	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(5) PHYSICIAN HEALTH SERVICES 860 WINTER STREET WALTHAM,MA024511411	22-3234975	501(C)(3)	50,000	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(6) UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOL 55 NORTH LAKE AVENUE WORCESTER,MA01655	04-3167352	501(C)(3)	75,000	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(7) UTAH MEDICAL ASSOCIATION FOUNDATION 310 E 4500 SOUTH SALT LAKE CITY,UT84107	87-6122299	501(C)(3)	75,000	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(8) WASHINGTON STATE MEDICAL ASSOCIATION FOUNDATION FOR HEALTH CARE IMPROVEMENT 2001 SIXTH AVENUE NO 2700 SEATTLE,WA98121	91-6074463	501(C)(3)	75,000	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(9) WISCONSIN MEDICAL SOCIETY FOUNDATION PO BOX 1109 MADISON,WI53701	39-6045649	501(C)(3)	72,300	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(10) THE DANIEL HANLEY CENTER FOR HEALTH LEADERSHIP 217 COMMERCIAL STREET SUITE 201 PORTLAND,ME04101	20-4271488	501(C)(3)	75,000	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(11) CONNECTICUT STATE MEDICAL SOCIETY PHEF 127 WASHINGTON AVE EAST BLDG 3RD FL NORTH HAVEN,CT06473	06-1425205	501(C)(3)	58,833	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(12) BRANDEIS UNIVERSITY PO BOX 9110 SUITE MS 110 WALTHAM,MA024549110	04-2103552	501(C)(3)	102,660	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(13) COLORADO ACADEMY OF FAMILY PHYSICIANS 2224 S FRASER ST AURORA,CO80014	84-1150631	501(C)(3)	50,000	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(14) THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 153A COUNTRY CLUB ROAD CHAPEL HILL,NC27514	56-6001393	501(C)(3)	504,078	TO ASSIST THE EXEMPT ORGANIZATION IN PROVIDING AND PROMOTING HIGH QUALITY MEDICAL CARE.
(15) AMERICAN ASSOCIATION OF MEDICAL SOCIETY EXECUTIVES 555 EAST WELLS STREET SUITE 1100 MILWAUKEE,WI53202	36-2915937	501(C)(3)	5,000	SPONSORSHIP AWARD
(16) FOUNDATION OF THE AMERICAN ASSOCIATION OF MEDICAL SOCIETY 555 EAST WELLS STREET SUITE 1100 MILWAUKEE,WI53202	36-3790660	501(C)(3)	10,000	SPONSORSHIP AWARD
(17) WISCONSIN MEDICAL SOCIETY FOUNDATION INC 330 E LAKESIDE STREET MADISON,WI53701	39-6045649	501(C)(3)	10,000	SPONSORSHIP AWARD

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2014

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a)Type of grant or assistance	(b)Number of recipients	(c)Amount of cash grant	(d)Amount of non-cash assistance	(e)Method of valuation (book, FMV, appraisal, other)	(f)Description of non-cash assistance

Part IV

Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.

Return Reference	Explanation
PART I, LINE 2:	THE GRANT COMMITTEE MEETS QUARTERLY TO DISCUSS RECOMMENDED PHYSICIAN LEADERSHIP PROPOSALS AND APPROVAL OF GRANTS THAT RELATE TO THE FOUNDATIONS MISSION.
SCHEDULE I, PART I, LINE 2:	TO ENSURE THAT ITS ASSETS ARE USED FOR CHARITABLE PURPOSES, THE FOUNDATION MAKES GRANTS ONLY TO 501(C)(3) ORGANIZATIONS AND ONLY FOR PROJECTS THAT ARE APPROVED AFTER A RIGOROUS APPLICATION PROCESS. GRANTS ARE MADE SUBJECT TO A WRITTEN AGREEMENT REQUIRING PERIODIC AND FINAL FINANCIAL AND NARRATIVE REPORTS AND PROVIDING THAT THE FOUNDATION MAY WITHHOLD FUTURE PAYMENTS AND DEMAND CORRECTION OF MISUSE OF FUNDS SHOULD THE FOUNDATION DETERMINE FUNDS HAVE NOT BEEN USED FOR APPROVED PURPOSES.

Return Reference

Explanation

PART I, LINE 2:

THE GRANT COMMITTEE MEETS QUARTERLY TO DISCUSS RECOMMENDED PHYSICIAN LEADERSHIP PROPOSALS AND APPROVAL OF GRANTS THAT RELATE TO THE FOUNDATIONS MISSION.

SCHEDULE I, PART I, LINE 2:

TO ENSURE THAT ITS ASSETS ARE USED FOR CHARITABLE PURPOSES, THE FOUNDATION MAKES GRANTS ONLY TO 501(C)(3) ORGANIZATIONS AND ONLY FOR PROJECTS THAT ARE APPROVED AFTER A RIGOROUS APPLICATION PROCESS. GRANTS ARE MADE SUBJECT TO A WRITTEN AGREEMENT REQUIRING PERIODIC AND FINAL FINANCIAL AND NARRATIVE REPORTS AND PROVIDING THAT THE FOUNDATION MAY WITHHOLD FUTURE PAYMENTS AND DEMAND CORRECTION OF MISUSE OF FUNDS SHOULD THE FOUNDATION DETERMINE FUNDS HAVE NOT BEEN USED FOR APPROVED PURPOSES.

Schedule I (Form 990) 2014

Additional Data

Software ID:
Software Version:

1(a) Name of disqualified person

(b) Relationship between disqualified person and organization

(d) Corrected?

Yes

(a) Name of interested person

(b) Relationship with organization

(d) Loan to or from the organization?

(e)Original principal amount

(f)Balance due

(g) In default?

(h) Approved by board or committee?

(i)Written agreement?

From

Yes

Total ...... Small Bullet

(a) Name of interested person

(b) Relationship between interested person and the organization

(d) Type of assistance

(e) Purpose of assistance

(a) Name of interested person

(b) Relationship between interested person and the organization

(d) Description of transaction

(e) Sharing of organization's revenues?

Yes

(1) TODD ATWATER BOARD MEMBER

TODD ATWATER IS THE CEO OF THE SOUTH CAROLINA MEDICAL ASSOCIATION.

THE SOUTH CAROLINA MEDICAL ASSOCIATION PROVIDES ACCOUNTING SERVICES TO THE ORGANIZATION. FEES PAID TO SCMA FOR THESE SERVICES DURING 2014 TOTALED $90,000.

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 3	THE FOUNDATION HAS CONTRACTS WITH INDEPENDENT CONTRACTORS WHO PROVIDE SERVICES AS CHIEF EXECUTIVE OFFICER (CEO) AND CHIEF OPERATING OFFICER (COO). THE COMPENSATION PAID TO THESE INDIVIDUALS HAS BEEN DISCLOSED ON PAGE 8, PART VII, SECTION B.
FORM 990, PART VI, SECTION B, LINE 11	A DRAFT COPY OF FORM 990 IS REVIEWED BY THE COO WHO DISTRIBUTES A DRAFT COPY OF THE FORM TO EACH BOARD MEMBER FOR COMMENTS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	THE BOARD REVIEWS THE ANNUAL DISCLOSURES SUBMITTED BY EACH MEMBER.
FORM 990, PART VI, SECTION C, LINE 19	THE FOUNDATION'S ANNUAL REPORT IS AVAILABLE IN "PDF" FORMAT VIA THEIR WEBSITE AT WWW.PHYSICIANSFOUNDATION.ORG, INCLUDING MAILING INSTRUCTIONS FOR OBTAINING A COPY OF FORM 990 UPON WRITTEN REQUEST.
FORM 990, PART IX, LINE 24E	MEALS AND ENTERTAINMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 26,518. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,518. FOREIGN TAX WITHHELD: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,937. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,937. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,818. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,818. UNSPENT GRANT FUNDS REFUNDED: PROGRAM SERVICE EXPENSES -36,289. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -36,289.
FORM 990, PART XII, LINE 2C:	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 3

THE FOUNDATION HAS CONTRACTS WITH INDEPENDENT CONTRACTORS WHO PROVIDE SERVICES AS CHIEF EXECUTIVE OFFICER (CEO) AND CHIEF OPERATING OFFICER (COO). THE COMPENSATION PAID TO THESE INDIVIDUALS HAS BEEN DISCLOSED ON PAGE 8, PART VII, SECTION B.

FORM 990, PART VI, SECTION B, LINE 11

A DRAFT COPY OF FORM 990 IS REVIEWED BY THE COO WHO DISTRIBUTES A DRAFT COPY OF THE FORM TO EACH BOARD MEMBER FOR COMMENTS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.

FORM 990, PART VI, SECTION B, LINE 12C

THE BOARD REVIEWS THE ANNUAL DISCLOSURES SUBMITTED BY EACH MEMBER.

FORM 990, PART VI, SECTION C, LINE 19

THE FOUNDATION'S ANNUAL REPORT IS AVAILABLE IN "PDF" FORMAT VIA THEIR WEBSITE AT WWW.PHYSICIANSFOUNDATION.ORG, INCLUDING MAILING INSTRUCTIONS FOR OBTAINING A COPY OF FORM 990 UPON WRITTEN REQUEST.

FORM 990, PART IX, LINE 24E

MEALS AND ENTERTAINMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 26,518. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,518. FOREIGN TAX WITHHELD: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,937. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,937. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,818. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,818. UNSPENT GRANT FUNDS REFUNDED: PROGRAM SERVICE EXPENSES -36,289. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -36,289.

FORM 990, PART XII, LINE 2C:

THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

1	Briefly describe the organization’s mission or most significant activities: THE FOUNDATION'S PURPOSE IS TO ADVANCE THE WORK OF PRACTICING PHYSICIANS AND TO IMPROVE THE QUALITY OF HEALTH CARE FOR ALL AMERICANS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	23
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	23
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	0	0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	6,423,080	9,134,770
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	2,480	12,330
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	6,425,560	9,147,100
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	2,575,223	1,456,477
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	90,000	251,000
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	3,054,451	4,024,023
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	5,719,674	5,731,500
19	Revenue less expenses. Subtract line 18 from line 12.......	705,886	3,415,600
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	123,601,297	122,549,989
21	Total liabilities (Part X, line 26).............	1,843,229	1,731,046
22	Net assets or fund balances. Subtract line 21 from line 20.....	121,758,068	120,818,943

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 3,233,487 including grants of $ 1,456,477 ) (Revenue $ )
	THE FOUNDATION WAS ESTABLISHED IN 2003 WITH PROCEEDS FROM THE SETTLEMENT OF A RICO CASE AGAINST SEVERAL INSURANCE COMPANIES. THE PURPOSE OF THE FOUNDATION IS TO AWARD GRANTS TO PHYSICIANS' FOUNDATIONS AND OTHER 501(C)(3) ORGANIZATIONS IN CONNECTION WITH ITS STATED CHARITABLE PURPOSE WHICH IS TO PROMOTE HIGH QUALITY HEALTHCARE.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses3,233,487

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	251,000	0	0

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......
			Business Code
2a
b
c
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........
3	Investment income (including dividends, interest, and other similar amounts).......			3,820,159			3,820,159
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	36,173,097
b	Less: cost or other basis and sales expenses	30,858,486
c	Gain or (loss)	5,314,611
d	Net gain or (loss)..........			5,314,611			5,314,611
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a	MISCELLANEOUS INCOME		900099	12,330	12,330
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			12,330
12	Total revenue. See Instructions......			9,147,100	12,330	0	9,134,770

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....
b	Contributions ........
c	Net investment earnings, gains, and losses
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

Description of property		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................
c	Leasehold improvements ............
d	Equipment ................
e	Other .................	18,375	18,090	285
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				285

(a) Description of security or category (including name of security)	(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other (A) EQUITY SECURITIES	97,909,623	F
(B) TREASURY BILLS, REIT STOCK, TREASURY AND CORPORATE BONDS	21,115,195	F







Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	119,024,818

1.(a) Description of liability		(b) Book value
Federal income taxes









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e)Original principal amount	(f)Balance due	(g) In default?		(h) Approved by board or committee?		(i)Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e)Original principal amount	(f)Balance due	Yes	No	Yes	No	Yes	No






Total ...... $

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) TODD ATWATER BOARD MEMBER	TODD ATWATER IS THE CEO OF THE SOUTH CAROLINA MEDICAL ASSOCIATION.		THE SOUTH CAROLINA MEDICAL ASSOCIATION PROVIDES ACCOUNTING SERVICES TO THE ORGANIZATION. FEES PAID TO SCMA FOR THESE SERVICES DURING 2014 TOTALED $90,000.		No