Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
PLOUGH FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)62 NORTH MAIN STREET NO 201   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEMPHIS, TN38103
A Employer identification number

23-7175983
B Telephone number (see instructions)

(901) 521-2779
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$118,400,890J Accounting method:
MODIFIED CASH
(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).............. 189,319
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 709,113 709,113  
4 Dividends and interest from securities...... 1,888,879 1,888,879  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,824,003
b Gross sales price for all assets on line 6a 34,305,252
7 Capital gain net income (from Part IV, line 2)... 10,824,003
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 2,000,000 0  
12 Total. Add lines 1 through 11........ 15,611,314 13,421,995  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 340,707 39,626   301,081
14 Other employee salaries and wages...... 459,365 19,293   440,072
15 Pension plans, employee benefits....... 220,310 9,254   211,056
16a Legal fees (attach schedule)......... Click to see attachment 16,186 2,023   14,163
b Accounting fees (attach schedule)....... Click to see attachment 16,000 16,000   0
c Other professional fees (attach schedule).... Click to see attachment 713,566 641,161   72,405
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 96,045 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 19,813 832  
20 Occupancy.............. 109,312 4,591   104,721
21 Travel, conferences, and meetings....... 35,565 353   35,212
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 103,825 4,361   99,464
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,130,694 737,494   1,278,174
25 Contributions, gifts, grants paid........ 13,408,100 13,408,100
26 Total expenses and disbursements. Add lines 24 and 25 15,538,794 737,494   14,686,274
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 72,520
b Net investment income (if negative, enter -0-) 12,684,501
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 106,843 36,361 36,361
2 Savings and temporary cash investments.......... 9,357,366 4,139,307 4,139,307
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 3,200,932 Click to see attachment5,001,923 4,955,287
b Investments—corporate stock (attach schedule)........ 65,664,984 Click to see attachment69,601,978 95,334,514
c Investments—corporate bonds (attach schedule)........ 14,419,356 Click to see attachment14,041,296 13,892,814
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet483,370
Less: accumulated depreciation (attach schedule) bullet447,263 34,971 Click to see attachment36,107 36,107
15 Other assets (describe bullet) Click to see attachment6,500 Click to see attachment6,500 Click to see attachment6,500
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 92,790,952 92,863,472 118,400,890
Liabilities 17 Accounts payable and accrued expenses.......... 21,775,135 38,862,845
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).......... 21,775,135 38,862,845
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......... 141,886,994 141,886,994
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -70,871,177 -87,886,367
30 Total net assets or fund balances (see instructions)...... 71,015,817 54,000,627
31 Total liabilities and net assets/fund balances (see instructions).. 92,790,952 92,863,472
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 71,015,817
2 Enter amount from Part I, line 27a..................... 2 72,520
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 71,088,337
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 17,087,710
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 54,000,627
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 STOCK - LONG TERM P    
b STOCK - SHORT TERM P    
c CORPORATE BONDS - LONG TERM P    
d CORPORATE BONDS - SHORT TERM P    
e GOVERNMENT BONDS - LONG TERM P    
GOVERNMENT BONDS - SHORT TERM P    
MORTGAGE OBLIGATIONS P    
INTERNATIONAL INVESTMENTS - LONG TERM P    
INTERNATIONAL INVESTMENTS - SHORT TERM 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 24,780,925   14,418,634 10,362,291
b 1,732,983   1,385,659 347,324
c 4,709,710   4,691,802 17,908
d 1,254,561   1,255,241 -680
e 355,944   326,377 29,567
670,269   668,656 1,613
233   229 4
410,018   373,671 36,347
390,609   360,980 29,629
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       10,362,291
b       347,324
c       17,908
d       -680
e       29,567
      1,613
      4
      36,347
      29,629
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 10,824,003
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 13,462,516 115,474,045 0.116585
2012 10,483,449 110,782,853 0.094631
2011 8,460,692 115,113,383 0.073499
2010 11,428,927 115,322,160 0.099104
2009 11,540,668 106,694,935 0.108165
2 Total of line 1, column (d) ...................... 2 0.491984
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 0.098397
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 119,800,731
5 Multiply line 4 by line 3....................... 5 11,788,033
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 126,845
7 Add lines 5 and 6......................... 7 11,914,878
8 Enter qualifying distributions from Part XII, line 4.............. 8 14,686,274
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 1 126,845
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........................... 3 126,845
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- ..... 5 126,845
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 92,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 92,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 759
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 35,604
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTN
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbulletPLOUGH.ORG
    14
    The books are in care ofbulletROBERT WALLACE Telephone no.bullet (901) 521-2779
    Located atbullet62 N MAIN STREET SUITE 201MEMPHISTN ZIP+4bullet38103
    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
     
     
    .........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
    DIANE RUDNER CHAIRMAN/TRUSTEE
    20.00     		0 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    EUGENE CALLAHAN TRUSTEE
    1.00     		0 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    JAMES SPRINGFIELD TRUSTEE
    1.00     		4,000 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    JOCELYN RUDNER TRUSTEE
    1.00     		0 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    JOHNNY MOORE JR TRUSTEE
    1.00     		4,000 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    PATRICIA BURNHAM TRUSTEE
    1.00     		0 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    PETER PETTIT TRUSTEE
    1.00     		4,000 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    MIKE CARPENTER EXECUTIVE DIRECTOR
    40.00     		198,996 57,415 6,000
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    DD R EISENBERG TRUSTEE
    1.00     		0 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    STEVE WISHNIA TRUSTEE
    1.00     		4,000 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    SUNTRUST BANK TRUSTEE
    1.00     		121,713 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    RICK MASSON TRUSTEE
    1.00     		4,000 0 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    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
    BARBARA JACOBS PROGRAM DIRECTOR
    40.00     		139,519 24,149 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    ROBERT WALLACE CHIEF FINANCIAL OFFI
    40.00     		124,388 37,926 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    JOANN CHRISTIAN EXECUTIVE ASSISTANT
    40.00     		109,977 25,876 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    KATIE MIDGLEY PROGRAM ASSOCIATE
    40.00     		79,481 26,219 0
    62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    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
    HIGHLAND CAPITAL MANAGEMENT CORP INVESTMENT ADVISORS 406,720
    6077 PRIMACY PARKWAY STE 228
    MEMPHIS,TN38119
    SOUTHEASTERN ASSET MANAGEMENT INVESTMENT ADVISORS 232,808
    6410 POPLAR AVENUE STE 900
    MEMPHIS,TN38119
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    113,760,584
    b
    Average of monthly cash balances.......................
    1b
    7,828,417
    c
    Fair market value of all other assets (see instructions)................
    1c
    36,107
    d
    Total (add lines 1a, b, and c).........................
    1d
    121,625,108
    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
    121,625,108
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,824,377
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    119,800,731
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,990,037
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    5,990,037
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    126,845
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    126,845
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,863,192
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,000,000
    5
    Add lines 3 and 4............................
    5
    7,863,192
    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
    7,863,192
    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
    14,686,274
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    14,686,274
    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
    126,845
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    14,559,429
    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 7,863,192
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 6,306,453
    b From 2010....... 5,758,883
    c From 2011....... 2,427,593
    d From 2012....... 5,098,906
    e From 2013....... 7,864,037
    fTotal of lines 3a through e......... 27,455,872
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 14,686,274
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 7,863,192
    e Remaining amount distributed out of corpus 6,823,082
    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 34,278,954
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		6,306,453
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		27,972,501
    10 Analysis of line 9:
    a Excess from 2010.... 5,758,883
    b Excess from 2011.... 2,427,593
    c Excess from 2012.... 5,098,906
    d Excess from 2013.... 7,864,037
    e Excess from 2014.... 6,823,082
    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).)
    DIANE RUDNER
    JOCELYN RUDNER
    PATRICIA BURNHAM
    DD R EISENBERG
    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 e-mail address of the person to whom applications should be addressed:
    ROBERT WALLACE
    62 N MAIN STREET SUITE 201
    MEMPHIS,TN38103
    (901) 521-2779
    bThe form in which applications should be submitted and information and materials they should include:
    THREE PAGE LETTER EXPLAINING THE PROJECT AND HOW FUNDS WILL BE USED. FULL APPLICATION BY INVITATION.
    cAny submission deadlines:
    A CONCEPT LETTER IS DUE BY JANUARY 2, APRIL 1, JULY 1, OR OCTOBER 1.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS PRIMARILY IN MEMPHIS/SHELBY COUNTY. NO GRANTS TO INDIVIDUALS.
    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
    AGING COMMISSION OF THE MID-SOUTH
    2760 UNION AVENUE
    MEMPHIS,TN38112     		NONE PUBLIC PROGRAM SUPPORT 97,500
    AMERICAN RED CROSS OF THE MID-SOUTH
    1400 CENTRAL AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 200,000
    ALLIANCE FOR NONPROFIT EXCELLENCE
    5100 POPLAR AVE 502
    MEMPHIS,TN38137     		NONE PUBLIC PROGRAM SUPPORT 75,000
    ARTSMEMPHIS
    119 SOUTH MAIN STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 100,000
    AWA FAMILY MEDIATION CENTER
    1207 PEABODY AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 72,550
    BLUES FOUNDATION INC
    49 UNION AVENUE
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 50,000
    BOY SCOUTS OF AMERICA
    171 S HOLLYWOOD STREET
    MEMPHIS,TN38112     		NONE PUBLIC CONSTRUCTION PROJECT 100,000
    BOYS & GIRLS CLUBS OF GREATER MEMPHIS
    44 S REMBERT
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 200,000
    BROOKS MUSEUM
    1934 POPLAR AVE
    MEMPHIS,TN38104     		NONE PUBLIC CONSTRUCTION PROJECT 200,000
    BRIDGES USA INC
    314 GOODLETT ST
    MEMPHIS,TN38117     		NONE PUBLIC PROGRAM SUPPORT 150,000
    CLEAN MEMPHIS INC
    1859 MADISON AVENUE
    MEMPHIS,TN38174     		NONE PUBLIC PROGRAM SUPPORT 25,000
    COCAINE ALCOHOL AWARENESS PROGRAM
    4041 KNIGHT ARNOLD ROAD
    MEMPHIS,TN38118     		NONE PUBLIC PROGRAM SUPPORT 250,000
    COMMUNITY ALLIANCE FOR THE HOMELESS INC
    44 N SECOND ST STE 302
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 60,000
    CONSORTIUM
    22 N FRONT STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 45,000
    DIXON GALLERY AND GARDENS
    4339 PARK AVE
    MEMPHIS,TN38117     		NONE PUBLIC GENERAL/OPERATING SUPPORT 130,000
    EXCHANGE CLUB FAMILY CENTER OF THE MID-SOUTH INC
    2180 UNION AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 75,000
    FAMILY SAFETY CENTER
    600 JEFFERSON AVE STE 200
    MEMPHIS,TN38105     		NONE PUBLIC PROGRAM SUPPORT 468,690
    FRIENDS OF THE LEVITT PAVILION MEMPHIS INC
    516 TENNESSEE STREET STE 422
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 120,000
    GOVERNORS FOUNDATION FOR HEALTH AND WELLNESS
    511 UNION STREET SUITE 720
    NASHVILLE,TN37219     		NONE PUBLIC PROGRAM SUPPORT 40,000
    GRACE HOUSE OF MEMPHIS
    329 N BELLEVUE BLVD
    MEMPHIS,TN38105     		NONE PUBLIC PROGRAM SUPPORT 18,000
    GRANTMAKERS IN AGING INC
    2001 JEFFERSON DAVIS HIGHWAY
    ARLINGTON,VA22202     		NONE PUBLIC MEMBERSHIP DUES 700
    GREATER MEMPHIS GREENLINE INC
    1680 JACKSON AVENUE
    MEMPHIS,TN38107     		NONE PUBLIC PROGRAM SUPPORT 40,000
    HABITAT FOR HUMANITY OF GREATER MEMPHIS
    7130 WINCHESTER ROAD
    MEMPHIS,TN38125     		NONE PUBLIC PROGRAM SUPPORT 479,440
    HATTILOO THEATRE
    656 MARSHALL AVENUE
    MEMPHIS,TN38103     		NONE PUBLIC CAPITAL CAMPAIGN 125,000
    LEBONHEUR CHILDREN'S MEDICAL CENTER FOUNDATION
    PO BOX 41817
    MEMPHIS,TN38174     		NONE PUBLIC PROGRAM SUPPORT 500,000
    LEADERSHIP ACADEMY
    22 N FRONT STREET 160
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 75,000
    LEADERSHIP MEMPHIS
    119 SOUTH MAIN STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 325,000
    MADONNA LEARNING CENTER
    7007 POPLAR AVENUE
    GERMANTOWN,TN38138     		NONE PUBLIC PROGRAM SUPPORT 250,000
    MEDICAL EDUCATION AND RESEARCH INSTITUTE
    44 SOUTH CLEVELAND STREET
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 26,200
    MEMPHIS AREA HOMEBUILDERS
    7990 TRINITY ROAD
    CORDOVA,TN38018     		NONE PUBLIC PROGRAM SUPPORT 56,040
    MEMPHIS AREA LEGAL SERVICES INC
    22 N FRONT STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 72,550
    MEMPHIS AREA WOMEN'S COUNCIL
    2574 SAM COOPER BLVD
    MEMPHIS,TN38112     		NONE PUBLIC PROGRAM SUPPORT 30,000
    MEMPHIS CHILD ADVOCACY CENTER
    1085 POPLAR AVE
    MEMPHIS,TN38105     		NONE PUBLIC CAPITAL CAMPAIGN 112,000
    MEMPHIS CITY SCHOOLS FOUNDATION
    2597 AVERY AVENUE
    MEMPHIS,TN38112     		NONE PUBLIC PROGRAM SUPPORT 250,000
    MEMPHIS GRANTMAKERS FORUM
    123 MCCORD HALL
    MEMPHIS,TN38152     		NONE PUBLIC PROGRAM SUPPORT 1,000
    MEMPHIS JEWISH FEDERATION
    6560 POPLAR AVE B
    GERMANTOWN,TN38138     		NONE PUBLIC ANNUAL CAMPAIGN 450,000
    MEMPHIS LEADERSHIP FOUNDATION
    1548 POPLAR AVE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 150,000
    MEMPHIS ROCK-N-SOUL INC
    191 BEALE ST
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 50,000
    MEMPHIS SHELBY CRIME COMMISSION
    119 S MAIN ST STE 450
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 150,000
    MEMPHIS SYMPHONY ORCHESTRA
    585 S MENDENHALL ROAD
    MEMPHIS,TN38117     		NONE PUBLIC PROGRAM SUPPORT 70,000
    MEMPHIS TOMORROW
    17 W PONTOTOC AVE STE 100
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 98,295
    MERITAN INC
    4700 POPLAR AVENUE
    MEMPHIS,TN38117     		NONE PUBLIC PROGRAM SUPPORT 150,000
    MID-SOUTH PUBLIC COMM FUND
    7151 CHERRY FARMS RD
    CORDOVA,TN38016     		NONE PUBLIC PROGRAM SUPPORT 50,000
    NATIONAL ASSN TO PROTECT CHILDREN
    POB 27451
    KNOXVILLE,TN37927     		NONE PUBLIC PROGRAM SUPPORT 81,667
    NATIONAL CIVIL RIGHTS MUSEUM
    450 MULBERRY ST
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 100,000
    NEW DAY CHILDREN'S THEATRE INC
    4630 MERCHANTS PARK CIRCLE
    COLLIERVILLE,TN38017     		NONE PUBLIC PROGRAM SUPPORT 6,000
    OVERTON PARK CONSERVANCY
    1719 HARBERT AVE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 300,000
    ORPHEUM THEATRE
    203 S MAIN STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 500,000
    SHELBY COUNTY DRUG COURT
    201 POPLAR AVE
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 40,000
    SHELBY COUNTY GOVERNMENT CRIME VICTIMS CENTER
    1750 MADISON AVE SUITE 100
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 68,406
    SHELBY RESIDENTIAL AND VOCATIONAL SERVICES INC
    3592 KNIGHT ARNOLD RD
    MEMPHIS,TN38118     		NONE PUBLIC PROGRAM SUPPORT 300,000
    SOUTHEASTERN COUNCIL OF FOUNDATIONS
    50 HURT PIZ SE
    ATLANTA,GA30303     		NONE PUBLIC PROGRAM SUPPORT 8,000
    SOUTHERN COLLEGE OF OPTOMETRY
    1245 MADISON AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC CONSTRUCTION PROJECT 200,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    262 DANNY THOMAS PLACE
    MEMPHIS,TN38105     		NONE PUBLIC CONSTRUCTION PROJECT 250,000
    SYNERGY FOUNDATION
    2305 AIRPORT INTERCHANGE AVE
    MEMPHIS,TN38132     		NONE PUBLIC PROGRAM SUPPORT 33,902
    TEMPLE ISRAEL
    1376 E MASSEY RD
    MEMPHIS,TN38120     		NONE PUBLIC PROGRAM SUPPORT 525,000
    THE CANCER CARD XCHANGE
    PO BOX 1004
    COLLIERVILLE,TN38027     		NONE PUBLIC PROGRAM SUPPORT 5,000
    UNIVERSITY OF MEMPHIS FOUNDATION - SCHOOL OF PUBLIC HEALTH
    PO BOX 1000
    MEMPHIS,TN381480001     		NONE PUBLIC PROGRAM SUPPORT 500,000
    WOLF RIVER CONSERVANCY INC
    3100 WALNUT GROVE RD
    MEMPHIS,TN38111     		NONE PUBLIC PROGRAM SUPPORT 13,100
    CENTER CITY DEVELOPMENT CORP
    114 NORTH MAIN STREET
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 250,000
    FIREFIGHTERS REGIONAL BURN CENTER
    877 JEFFERSON AVE
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 1,000,000
    FRIENDS FOR LIFE
    43 N CLEVELAND STREET
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 25,000
    MEMPHIS ZOO
    2000 PRENTISS PLACE
    MEMPHIS,TN38112     		NONE PUBLIC PROGRAM SUPPORT 750,000
    MID-SOUTH MINORITY COUNCIL TADP INC
    158 MADISON AVE
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 50,000
    RHODES COLLEGE
    2000 N PARKWAY
    MEMPHIS,TN38112     		NONE PUBLIC CONSTRUCTION PROJECT 880,000
    SHELBY COUNTY BOOKS FROM BIRTH
    2924 WALNUT GROVR ROAD 4
    MEMPHIS,TN38111     		NONE PUBLIC PROGRAM SUPPORT 100,000
    SHELBY FARMS PARK CONSERVATORY
    500 N PINE LAKE DRIVE
    MEMPHIS,TN38134     		NONE PUBLIC CONSTRUCTION PROJECT 500,000
    WILLIAM R MOORE COLLEGE OF TECHNOLOGY
    1200 POPLAR AVE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 200,000
    THE RICHARD G FARMER & ALLEN O BATTLE CRISIS CENTER
    135 NORTH PAULINE ST
    MEMPHIS,TN38105     		NONE PUBLIC PROGRAM SUPPORT 34,060
    UTWEST INSTITUTE FOR CANCER RESEARCH
    1924 ALCOA HIGHWAY
    KNOXVILLE,TN37920     		NONE PUBLIC CONSTRUCTION PROJECT 500,000
    902 BLOC SQUAD
    315 S HOLLYWOOD STREET
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 200,000
    Total .................................bullet 3a 13,408,100
    bApproved for future payment
    AGING COMMISSION OF THE MID-SOUTH
    2760 UNION AVENUE
    MEMPHIS,TN38112     		NONE PUBLIC PROGRAM SUPPORT 195,000
    AMERICAN RED CROSS OF THE MID-SOUTH
    1400 CENTRAL AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 145,669
    AVE MARIA FOUNDATION OF MEMPHIS INC
    2805 CHARLES BRYAN ROAD
    MEMPHIS,TN38134     		NONE PUBLIC PROGRAM SUPPORT 210,450
    AWA FAMILY MEDIATION CENTER
    1207 PEABODY AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 145,100
    BAPTIST MEMORIAL HEALTH CARE FOUNDATION
    6019 WALNUT GROVE ROAD
    MEMPHIS,TN38120     		NONE PUBLIC PROGRAM SUPPORT 100,195
    BOYS & GIRLS CLUBS OF GREATER MEMPHIS
    44 S REMBERT
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 300,000
    BRIDGES USA INC
    314 GOODLETT ST
    MEMPHIS,TN38117     		NONE PUBLIC PROGRAM SUPPORT 350,000
    CITY OF MEMPHIS
    125 N MAIN ST ROOM 700
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 750,000
    COMMUNITY ALLIANCE FOR THE HOMELESS INC
    44 N SECOND ST STE 302
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 120,000
    CONSORTIUM
    22 N FRONT STREET
    MEMPHIS,TN38103     		NONE PUBLIC CONSTRUCTION PROJECT 500,000
    DIXON GALLERY AND GARDENS
    4339 PARK AVE
    MEMPHIS,TN38117     		NONE PUBLIC GENERAL/OPERATING SUPPORT 170,000
    END DOMESTIC ABUSE WISCONSIN
    1245 E WASHINGTON AVENUE
    MADISON,WI53703     		NONE PUBLIC PROGRAM SUPPORT 219,888
    EXCHANGE CLUB FAMILY CENTER OF THE MID-SOUTH INC
    2180 UNION AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 150,000
    FAMILY SAFETY CENTER
    600 JEFFERSON AVE STE 200
    MEMPHIS,TN38105     		NONE PUBLIC PROGRAM SUPPORT 637,380
    FRIENDS OF THE LEVITT PAVILION MEMPHIS INC
    516 TENNESSEE STREET STE 422
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 120,000
    HABITAT FOR HUMANITY OF GREATER MEMPHIS
    7130 WINCHESTER ROAD
    MEMPHIS,TN38125     		NONE PUBLIC PROGRAM SUPPORT 3,509,760
    HATTILOO THEATRE
    656 MARSHALL AVENUE
    MEMPHIS,TN38103     		NONE PUBLIC CAPITAL CAMPAIGN 150,000
    LEBONHEUR CHILDREN'S MEDICAL CENTER FOUNDATION
    PO BOX 41817
    MEMPHIS,TN38174     		NONE PUBLIC PROGRAM SUPPORT 2,000,000
    MEMPHIS AREA HOMEBUILDERS
    7990 TRINITY ROAD
    CORDOVA,TN38018     		NONE PUBLIC PROGRAM SUPPORT 100,000
    MEMPHIS AREA LEGAL SERVICES INC
    22 N FRONT STREET
    MEMPHIS,TN38103     		NONE PUBLIC PROGRAM SUPPORT 145,100
    MEMPHIS JEWISH FEDERATION
    6560 POPLAR AVE B
    GERMANTOWN,TN38138     		NONE PUBLIC ANNUAL CAMPAIGN 450,000
    MEMPHIS RECOVERY CENTERS
    219 N MONTGOMERY ST
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 50,000
    MEMPHIS SYMPHONY ORCHESTRA
    585 S MENDENHALL ROAD
    MEMPHIS,TN38117     		NONE PUBLIC PROGRAM SUPPORT 130,000
    MERITAN INC
    4700 POPLAR AVENUE
    MEMPHIS,TN38117     		NONE PUBLIC PROGRAM SUPPORT 323,220
    MIFA
    910 VANCE AVE
    MEMPHIS,TN38126     		NONE PUBLIC PROGRAM SUPPORT 3,981,898
    OPERA MEMPHIS
    6745 WOLF RIVER GREENWAY
    MEMPHIS,TN38120     		NONE PUBLIC CAPITAL CAMPAIGN 640,000
    RISE FOUNDATION
    2650 THOUSAND OAKS BLVD STE 2400
    MEMPHIS,TN38118     		NONE PUBLIC PROGRAM SUPPORT 252,400
    REDZONE MINISTRIES INC
    2876 PARK AVE
    MEMPHIS,TN38114     		NONE PUBLIC PROGRAM SUPPORT 1,000,000
    SHELBY COUNTY GOVERNMENT CRIME VICTIMS CENTER
    1750 MADISON AVE SUITE 100
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 136,813
    SOUTHERN COLLEGE OF OPTOMETRY
    1245 MADISON AVENUE
    MEMPHIS,TN38104     		NONE PUBLIC PROGRAM SUPPORT 80,000
    TEMPLE ISRAEL
    1376 E MASSEY RD
    MEMPHIS,TN38120     		NONE PUBLIC PROGRAM SUPPORT 4,525,000
    UTWEST INSTITUTE FOR CANCER RESEARCH
    1924 ALCOA HIGHWAY
    KNOXVILLE,TN37920     		NONE PUBLIC CONSTRUCTION PROJECT 2,000,000
    Total .................................bullet 3b 23,587,873
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 709,113  
    4 Dividends and interest from securities....     14 1,888,879  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 10,824,003  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aGRANT DISTRIBUTION RECOVERIES 900099 2,000,000      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 2,000,000 13,421,995 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1315,421,995
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    PLOUGH FOUNDATION
     
    Employer identification number

    23-7175983
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    PLOUGH FOUNDATION
          		Employer identification number

    23-7175983
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    JOCELYN P RUDNER  
    62 N MAIN STREET STE 201
     
    MEMPHIS, TN38103

    		$100,268


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    MR MRS ALBERT BURNHAM  
    62 N MAIN STREET STE 201
     
    MEMPHIS, TN38103

    		$25,102


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    D D EISENBERG  
    62 N MAIN STREET STE 201
     
    MEMPHIS, TN38103

    		$15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
     
     

    MS DIANE RUDNER  
    62 N MAIN STREET STE 201
     
    MEMPHIS, TN38103

    		$25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    WILLIAM RUDNER  
    62 N MAIN STREET STE 201
     
    MEMPHIS, TN38103

    		$23,949


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    PLOUGH FOUNDATION
          		Employer identification number

    23-7175983
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 1600 SHS OF EMC CORP, 1770 SHS OF PFIZER $ 100,268 2014-12-16
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 182 SHS OF COSTCO $ 25,102 2014-12-15
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    5
    		 150 SHS OF 3M COMPANY $ 23,949 2014-12-02
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    PLOUGH FOUNDATION
          		Employer identification number

    23-7175983
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT FEES 16,000 16,000   0

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

    TY 2014 DepreciationSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    FURNITURE, FIXTURES AND EQUIPMENT 2008-06-30 483,370 427,450 SL 5.000000000000 19,813 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS & COLLATERALIZED OBLIGATIONS 14,041,296 13,892,814

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCKS/INTERNATIONAL MUTUAL FUNDS 69,601,978 95,334,514

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    US Government Securities - End of Year Book Value:

    5,001,923
    US Government Securities - End of Year Fair Market Value:

    4,955,287
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2014 LandEtcSchedule2
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE, FIXTURES AND EQUIPMENT 483,370 447,263 36,107  


    TY 2014 LegalFeesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 16,186 2,023   14,163


    TY 2014 OtherAssetsSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CRESCENT CLUB MEMBERSHIP 6,500 6,500 6,500


    TY 2014 OtherDecreasesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TEMPORARY EMPLOYEES 660 28   632
    COMPUTER EXPENSES 18,521 778   17,743
    OFFICE EXPENSES 9,336 392   8,944
    TELEPHONE 6,411 269   6,142
    POSTAGE 772 32   740
    DUES & SUBSCRIPTIONS 2,663 112   2,551
    INSURANCE 12,262 515   11,747
    OTHER FEES & SERVICES 2,790 117   2,673
    REPAIRS & MAINTENANCE 6,038 254   5,784
    OTHER OPERATING EXPENSES 44,372 1,864   42,508


    TY 2014 OtherIncomeSchedule2
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GRANT DISTRIBUTION RECOVERIES 2,000,000   2,000,000


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTANTS-PROFESSIONAL 74,038 1,633   72,405
    INVESTMENT ADVISORY FEES 639,528 639,528   0


    TY 2014 SubstantialContributorsSch
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Name Address
    JOCELYN RUDNER 62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    WILLIAM RUDNER 62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    DIANE RUDNER 62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    DD R EISENBERG 62 N MAIN STREET STE 201
    MEMPHIS,TN38103
    PATRICIA BURNHAM 62 N MAIN STREET STE 201
    MEMPHIS,TN38103


    TY 2014 TaxesSchedule
    Name:
    PLOUGH FOUNDATION
    EIN: 23-7175983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 96,045 0   0