TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2014

Open to Public Inspection

For calendar year 2014, or tax year beginning 2014, and ending , 20

Name of foundation
THE EARL AND ELIZABETH ASH FOUNDATION
ATTN SCOTT GUNDERSON

Number and street (or P.O. box number if mail is not delivered to street address)18124 WEDGE PARKWAY 542 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RENO, NV89511

A Employer identification number

14-1841243

B Telephone number (see instructions)

(775) 354-3593

C If exemption application is pending, check here bullet

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

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

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

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

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

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

$4,765,056J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	176,140		176,140
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		103,567
b	Gross sales price for all assets on line 6a 2,521,181
7	Capital gain net income (from Part IV, line 2)...			103,567
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).......
12	Total. Add lines 1 through 11........	279,707		279,707
13	Compensation of officers, directors, trustees, etc.	96,750		19,350	77,400
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		4,695	0	0
b	Accounting fees (attach schedule).......		2,870	574	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		7,065	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	2,842		0	0
22	Printing and publications..........
23	Other expenses (attach schedule).......		13,830	10,506	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	128,052		30,430	77,400
25	Contributions, gifts, grants paid........	237,600			237,600
26	Total expenses and disbursements. Add lines 24 and 25	365,652		30,430	315,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-85,945
b	Net investment income (if negative, enter -0-)			249,277
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	104,714	193,193	193,193
	2	Savings and temporary cash investments..........
	3	Accounts receivable 1,603
		Less: allowance for doubtful accounts	15,678	1,603	1,603
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,129,534	1,140,512	1,417,003
	b	Investments—corporate stock (attach schedule)........	3,032,793	2,910,166	3,108,041
	c	Investments—corporate bonds (attach schedule)........	83,708	35,008	45,216
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,366,427	4,280,482	4,765,056
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	0	0
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	4,366,427	4,280,482
	30	Total net assets or fund balances (see instructions)......	4,366,427	4,280,482
	31	Total liabilities and net assets/fund balances (see instructions)..	4,366,427	4,280,482

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	4,366,427
2	Enter amount from Part I, line 27a.....................	2	-85,945
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	4,280,482
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,280,482

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	COVIDIEN PLC SHS NEW - 475.0000 SHS	P	2014-05-05	2014-07-08
b	CDK GLOBAL INC SHS - 145.0000 SHS	P	2014-05-05	2014-10-14
c	CDK GLOBAL INC SHS - 1.0000 SHS	P	2014-07-02	2014-10-14
d	CDK GLOBAL INC SHS - 40.0000 SHS	P	2014-08-20	2014-10-14
e	CDK GLOBAL INC SHS - .1260 SHS	P	2014-08-20	2014-10-15
	DIAGEO PLC SPSD ADR NEW - 275.0000 SHS	P	2014-05-05	2014-06-26
	ALPS SECTOR DIVIDND DOGS - 3000.0000 SHS	P	2013-08-30	2014-08-20
	MCDONALDS CORP COM - 251.0000 SHS	P	2014-05-05	2014-08-20
	MCDONALDS CORP COM - 2.0000 SHS	P	2014-06-17	2014-08-20
	MCDONALDS CORP COM - .0084 SHS	P	2014-06-17	2014-08-22
	PRICE T ROWE GROUP INC - 314.0000 SHS	P	2014-05-05	2014-11-07
	PRICE T ROWE GROUP INC - 1.0000 SHS	P	2014-06-30	2014-11-07
	PRICE T ROWE GROUP INC - 95.0000 SHS	P	2014-08-20	2014-11-07
	PRICE T ROWE GROUP INC - 2.0000 SHS	P	2014-09-30	2014-11-07
	PRICE T ROWE GROUP INC - 40.0000 SHS	P	2014-10-14	2014-11-07
	PRICE T ROWE GROUP INC - 114.0000 SHS	P	2014-10-29	2014-11-07
	PRICE T ROWE GROUP INC - .9509 SHS	P	2014-09-30	2014-11-11
	CIGAMON INC	P	2013-06-12	2014-08-20
	ALPS SECTOR DIVIDND DOGS - 1900.0000 SHS	P	2012-12-18	2014-08-20
	AT&T INC - 700.0000 SHS	P	2010-05-05	2014-08-20
	AT&T INC - 400.0000 SHS	P	2010-05-05	2014-08-20
	HCP INC - 1000.0000 SHS	P	2010-05-05	2014-08-20
	CDK GLOBAL INC SHS	P	2014-10-10	2014-10-10
	CDK GLOBAL INC SHS - .0795 SHS	P	2014-12-05	2014-12-22
	DELAWARE DIVERSIFIED INCOME CL C - 33.0000 SHS	P	2013-11-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2013-12-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 32.0000 SHS	P	2013-12-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 34.0000 SHS	P	2014-01-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2014-02-21	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - .1500 SHS	P	2014-02-21	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 35.0000 SHS	P	2014-02-21	2014-11-12
	PUTNAM FLOATING RATE INCOME FUND CL A - .9200 SHS	P	2013-08-29	2014-04-29
	PUTNAM FLOATING RATE INCOME FUND CL A - 11903.0000 SHS	P	2013-08-29	2014-04-29
	MAINSTAY LARGE CAP GROWTH FUND CL C - 1.0000 SHS	P	2013-12-04	2014-10-29
	MAINSTAY LARGE CAP GROWTH FUND CL C - .0670 SHS	P	2013-12-04	2014-10-29
	MAINSTAY LARGE CAP GROWTH FUND CL C - 353.0000 SHS	P	2013-12-04	2014-10-29
	HARTFORD FLOATING RATE FUND CL A - .3530 SHS	P	2013-08-30	2014-04-29
	HARTFORD FLOATING RATE FUND CL A - 12048.0000 SHS	P	2013-08-30	2014-04-29
	LORD ABBETT FLOATING RATE FUND CL C - .5720 SHS	P	2013-07-24	2014-04-29
	LORD ABBETT FLOATING RATE FUND CL C - 10482.0000 SHS	P	2013-07-24	2014-04-29
	ALLIANZGI GLOBAL WATER FUND CL C - .4650 SHS	P	2013-12-19	2014-10-29
	DELAWARE DIVERSIFIED INCOME CL C - 31.0000 SHS	P	2012-01-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2012-02-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 31.0000 SHS	P	2012-02-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2012-03-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 30.0000 SHS	P	2012-03-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 28.0000 SHS	P	2013-03-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 29.0000 SHS	P	2013-04-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2013-05-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 29.0000 SHS	P	2013-05-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 35.0000 SHS	P	2013-06-21	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 31.0000 SHS	P	2013-07-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 29.0000 SHS	P	2012-04-20	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2012-05-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 29.0000 SHS	P	2012-05-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 32.0000 SHS	P	2013-08-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2013-09-20	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 32.0000 SHS	P	2013-09-20	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2013-10-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 28.0000 SHS	P	2013-10-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 30.0000 SHS	P	2012-06-25	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2012-07-20	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 29.0000 SHS	P	2012-07-20	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 30.0000 SHS	P	2012-08-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2012-09-21	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 28.0000 SHS	P	2012-09-21	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2012-10-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 28.0000 SHS	P	2012-10-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 28.0000 SHS	P	2012-11-23	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 27.0000 SHS	P	2012-12-21	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2012-12-24	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 49.0000 SHS	P	2012-12-24	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 70.0000 SHS	P	2012-12-24	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2013-01-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 26.0000 SHS	P	2013-01-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 28.0000 SHS	P	2013-02-22	2014-01-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2013-03-22	2014-01-12
	MAINSTAY LARGE CAP GROWTH FUND CL C - 4.0000 SHS	P	2012-12-28	2014-10-29
	ALLIANZCI GLOBAL WATER FUND CL C - 1.0000 SHS	P	2012-12-20	2014-10-29
	ALLIANZCI GLOBAL WATER FUND CL C - 23.0000 SHS	P	2012-12-20	2014-10-29
	PIMCO CORPORATE & INCOME OPPORTUNITY - 2700.0000 SHS	P	2008-10-16	2014-09-29
	PIMCO CORPORATE & INCOME OPPORTUNITY - 1100.0000 SHS	P	2009-10-07	2014-09-29
	PIMCO CORPORATE & INCOME OPPORTUNITY - 2500.0000 SHS	P	2009-10-07	2014-09-29
	NUVEEN DIVERSIFIED CURRENCY OPPORTUNITIES FUND - 10000.0000 SHS	P	2007-04-25	2014-02-10
	VOYA EMERGING MKTS HIGH DIVID EQUITY FD - 3100.0000 SHS	P	2011-04-26	2014-10-29
	PPLUS SER GSC-1 CLAS OLD TR CTFS GOLDMAN SACHS 06.250% FEB 15 2034 - 2000.00	P	2004-04-21	2014-06-13
	JP MORGAN HIGH YLD CL A - 12908.0000 SHS	P	2002-09-27	2014-11-12
	JP MORGAN HIGH YLD CL A - .4650 SHS	P	2010-06-18	2014-11-12
	JPMORGAN CORE BOND FD A	P	2002-09-27	2014-11-12
	JPMORGAN CORE BOND FD A	P	2010-06-18	2014-11-12
	JPMORGAN LARGE CAP VALUE FD CL A	P	2000-06-14	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2005-10-04	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2005-12-19	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2005-12-19	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2005-12-19	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2006-01-04	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2006-04-04	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2006-07-05	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2006-10-03	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2006-12-19	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2006-12-19	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2006-12-27	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2007-04-03	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2008-06-02	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2010-06-18	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2000-08-21	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2000-08-21	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2001-08-16	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2002-10-01	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2003-01-02	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2003-04-01	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2003-07-01	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2003-10-01	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2004-01-05	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2004-04-01	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2004-07-01	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2004-10-01	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2005-01-03	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2005-04-04	2014-10-29
	JPMORGAN LARGE CAP VALUE FD CL A	P	2005-07-05	2014-10-29
	JPMORGAN LARGE CAP GROWTH FD CL A	P	2002-09-27	2014-10-29
	JPMORGAN LARGE CAP GROWTH FD CL A	P	2010-06-18	2014-10-29
	JPMORGAN LARGE CAP GROWTH FD CL A	P	2010-06-18	2014-10-29
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-02-13	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-03-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-03-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-04-21	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-05-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-05-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-06-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-07-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-07-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-08-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-09-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-10-21	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-10-21	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-11-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-11-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-12-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-12-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2011-12-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-02-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-03-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-03-24	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-04-02	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-04-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-05-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-06-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-06-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-07-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-07-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-08-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-09-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-09-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-10-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-11-21	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-11-24	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-12-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-12-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-12-26	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2008-12-29	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-01-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-01-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-02-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-02-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-03-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-04-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-05-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-05-26	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-06-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-07-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-07-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-08-21	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-08-24	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-09-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-10-07	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-10-13	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-10-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-11-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-11-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-12-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-12-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2009-12-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-01-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-01-25	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-02-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-03-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-04-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-04-23	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-05-21	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-06-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-06-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-07-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-07-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C	P	2010-08-20	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2010-09-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 29.0000 SHS	P	2010-09-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2010-10-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 28.0000 SHS	P	2010-10-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2010-11-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 30.0000 SHS	P	2010-11-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 33.0000 SHS	P	2010-12-22	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 298.0000 SHS	P	2010-12-28	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 138.0000 SHS	P	2010-12-28	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 1.0000 SHS	P	2011-01-21	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 35.0000 SHS	P	2011-01-21	2014-11-12
	DELAWARE DIVERSIFIED INCOME CL C - 37.0000 SHS	P	2011-02-22	2014-11-12
	PRUDENTIAL JENNISON NATURAL RESOURCES INC C - 495.0000 SHS	P	2008-02-13	2014-10-29
	PRUDENTIAL JENNISON NATURAL RESOURCES INC C - 4.0000 SHS	P	2008-12-04	2014-10-29
	PRUDENTIAL JENNISON NATURAL RESOURCES INC C - 18.0000 SHS	P	2008-12-04	2014-10-29
	PRUDENTIAL JENNISON NATURAL RESOURCES INC C - 5.0000 SHS	P	2008-12-04	2014-10-29
	PRUDENTIAL JENNISON NATURAL RESOURCES INC C - 2.0000 SHS	P	2008-12-05	2014-10-29
	PRUDENTIAL JENNISON NATURAL RESOURCES INC C - 10.0000 SHS	P	2009-11-24	2014-10-29
	PRUDENTIAL JENNISON NATURAL RESOURCES INC C - 1.0000 SHS	P	2009-11-25	2014-10-29
	PRUDENTIAL JENNISON NATURAL RESOURCES INC C - .9530 SHS	P	2010-11-30	2014-10-29
	PRUDENTIAL JENNISON NATURAL RESOURCES INC C - 6.0000 SHS	P	2010-11-30	2014-10-29
	INVESCO MID CAP GROWTH FUND A - 920.0000 SHS	P	2002-09-27	2014-10-29
	INVESCO MID CAP GROWTH FUND A - 1.0000 SHS	P	2010-06-18	2014-10-29
	INVESCO MID CAP GROWTH FUND A - .2620 SHS	P	2010-06-18	2014-10-29
	MAINSTAY LARGE CAP GROWTH FUND CL C - 6201.0000 SHS	P	2008-02-13	2014-10-29
	MAINSTAY LARGE CAP GROWTH FUND CL C	P	2011-12-07	2014-10-29
	HARTFORD FLOATING RATE FUND CL A - 4930.0000 SHS	P	2006-08-23	2014-04-29
	HARTFORD FLOATING RATE FUND CL A - 4930.0000 SHS	P	2006-08-23	2014-04-29
	HARTFORD FLOATING RATE FUND CL A - 1.0000 SHS	P	2006-08-28	2014-04-29
	HARTFORD FLOATING RATE FUND CL A - 5917.0000 SHS	P	2009-11-09	2014-04-29
	JOHN HANCOCK LIFESTYLE MODERATE PORT FD CL A - 14513.0000 SHS	P	2006-10-04	2014-04-29
	BLACKROCK TOTAL RETURN FUNDCLA1 - 8628.0000 SHS	P	2002-09-27	2014-02-24
	BLACKROCK TOTAL RETURN FUNDCLA1 - .8560 SHS	P	2010-06-18	2014-02-24
	LORD ABBETT FLOATING RATE FUND CL C - 4264.0000 SHS	P	2011-05-26	2014-04-29
	TRANSAMERICA SHORT TERM BOND FUND C - .4890 SHS	P	2011-05-26	2014-04-29
	TRANSAMERICA SHORT TERM BOND FUND C - 7156.0000 SHS	P	2011-05-26	2014-04-29
	ALLIANZGI GLOBAL WATER FUND CL C - 5138.0000 SHS	P	2008-06-24	2014-10-29
	ALLIANZGI GLOBAL WATER FUND CL C - 125.0000 SHS	P	2008-12-30	2014-10-29
	ALLIANZGI GLOBAL WATER FUND CL C - 1.0000 SHS	P	2008-12-31	2014-10-29
	MFS STRATEGIC INCOME ED CL C - 16103.0000 SHS	P	2009-11-09	2014-04-29
	MFS STRATEGIC INCOME ED CL C - .0600 SHS	P	2010-06-18	2014-04-29
	PIMCO HIGH YIELD ED CLASS A - 12437.0000 SHS	P	2002-09-27	2014-11-12
	PIMCO HIGH YIELD ED CLASS A - .8110 SHS	P	2010-06-18	2014-11-12
	FIDELITY ADV STRATEGIC INCOME FD CL C - 4135.0000 SHS	P	2009-11-09	2014-11-12
	FIDELITY ADV STRATEGIC INCOME FD CL C - .6490 SHS	P	2010-06-18	2014-11-12
	JOHN HANCOCK INCOME FUND CLASS C - 8090.0000 SHS	P	2009-10-07	2014-11-12
	JOHN HANCOCK INCOME FUND CLASS C - .6150 SHS	P	2010-06-18	2014-11-12
	NUVEEN LONG/SHORT COMMODITY TOTAL RETURN F COMMON SHARES - 3000.0000 SHS	P	2012-10-25	2014-11-12
	NUVEEN SECTION 1256 LOSSES	P
	NUVEEN SECTION 1256 LOSSES	P
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	43,175	34,015	9,160
b	3,785	4,280	-495
c	26	30	-4
d	1,044	1,266	-222
e	3	4	-1
	34,230	33,996	234
	113,428	95,070	18,358
	23,636	25,377	-1,741
	188	202	-14
	1	1	0
	26,104	25,486	618
	83	83	0
	7,898	7,555	343
	166	158	8
	3,325	2,988	337
	9,477	9,114	363
	79	78	1
	1,064	1,900	-836
	71,837	51,984	19,853
	24,172	18,437	5,735
	13,813	10,536	3,277
	42,539	32,067	10,472
	9		9
	3		3
	299	294	5
	9	9	0
	290	285	5
	308	304	4
	9	9	0
	1	1	0
	317	315	2
	8	8	0
	106,651	106,175	476
	10	6	4
	1	1	0
	3,452	3,163	289
	3	3	0
	108,432	109,998	-1,566
	5	5	0
	98,559	99,998	-1,439
	6	5	1
	281	281	0
	9	9	0
	281	284	-3
	9	9	0
	272	273	-1
	254	259	-5
	263	270	-7
	9	9	0
	263	269	-6
	317	310	7
	281	277	4
	263	267	-4
	9	9	0
	263	266	-3
	290	279	11
	9	9	0
	290	283	7
	9	9	0
	254	251	3
	272	277	-5
	9	9	0
	263	273	-10
	272	280	-8
	9	9	0
	254	262	-8
	9	9	0
	254	263	-9
	254	262	-8
	245	250	-5
	9	9	0
	444	454	-10
	634	649	-15
	9	9	0
	236	242	-6
	254	259	-5
	9	9	0
	39	28	11
	12	9	3
	279	236	43
	44,305	24,737	19,568
	18,050	15,488	2,562
	41,024	35,225	5,799
	99,011	176,337	-77,326
	34,906	57,627	-22,721
	50,000	48,700	1,300
	102,619	89,996	12,623
	4		4
	52,773	51,130	1,643
	4		4
	13,158	16,289	-3,131
	485	601	-116
	33	41	-8
	5,692	7,046	-1,354
	2,561	3,171	-610
	586	725	-139
	653	808	-155
	519	642	-123
	402	497	-95
	12,237	15,149	-2,912
	5,139	6,362	-1,223
	519	642	-123
	368	456	-88
	17	21	-4
	9	11	-2
	3,465	4,290	-825
	3,147	3,896	-749
	3,147	3,896	-749
	100	124	-24
	201	249	-48
	50	62	-12
	17	21	-4
	100	124	-24
	285	352	-67
	100	124	-24
	184	228	-44
	201	249	-48
	686	850	-164
	753	933	-180
	502	622	-120
	26,612	9,009	17,603
	34		34
			0
	40,987	39,698	1,289
	9	9	0
	290	293	-3
	335	341	-6
	9	9	0
	317	325	-8
	326	334	-8
	9	9	0
	272	280	-8
	281	292	-11
	290	299	-9
	9	9	0
	281	285	-4
	9	9	0
	272	278	-6
	272	272	0
	1,540	1,539	1
	1,187	1,186	1
	18	17	1
	118	115	3
	9	9	0
	127	123	4
	9	9	0
	127	123	4
	136	129	7
	9	9	0
	136	127	9
	9	9	0
	145	136	9
	136	125	11
	9	8	1
	127	110	17
	154	130	24
	9	8	1
	154	133	21
	9	8	1
	598	515	83
	9	8	1
	154	134	20
	9	8	1
	163	141	22
	9	8	1
	154	131	23
	172	151	21
	163	148	15
	9	8	1
	190	176	14
	181	173	8
	9	9	0
	181	177	4
	9	9	0
	181	183	-2
	48,861	49,642	-781
	9	9	0
	245	250	-5
	381	389	-8
	9	9	0
	680	693	-13
	390	398	-8
	9	9	0
	408	421	-13
	9	9	0
	435	444	-9
	335	348	-13
	353	370	-17
	9	10	-1
	390	401	-11
	9	9	0
	344	355	-11
	9	9	0
	263	274	-11
	254	268	-14
	9	10	-1
	263	279	-16
	9	10	-1
	254	272	-18
	9	10	-1
	272	288	-16
	299	301	-2
	2,700	2,713	-13
	1,250	1,257	-7
	9	9	0
	317	319	-2
	335	332	3
	18,775	23,956	-5,181
	152	194	-42
	683	871	-188
	190	242	-52
	76	97	-21
	379	484	-105
	38	48	-10
	36	46	-10
	228	290	-62
	35,632	12,454	23,178
	39	14	25
	10	4	6
	60,646	39,996	20,650
	1,457	986	471
	44,370	46,897	-2,527
	44,370	46,897	-2,527
	9	10	-1
	53,253	56,286	-3,033
	210,729	191,190	19,539
	99,653	99,993	-340
	10		10
	40,093	40,000	93
	5	5	0
	74,351	74,995	-644
	62,375	49,993	12,382
	1,517	800	717
	12	8	4
	108,212	100,000	8,212
			0
	119,271	99,882	19,389
	8		8
	50,654	49,992	662
	8		8
	53,394	49,996	3,398
	2	6	-4
	43,256	57,681	-14,425
		2,021	-2,021
		3,032	-3,032
	17,338		17,338

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			9,160
b			-495
c			-4
d			-222
e			-1
			234
			18,358
			-1,741
			-14
			0
			618
			0
			343
			8
			337
			363
			1
			-836
			19,853
			5,735
			3,277
			10,472
			9
			3
			5
			0
			5
			4
			0
			0
			2
			0
			476
			4
			0
			289
			0
			-1,566
			0
			-1,439
			1
			0
			0
			-3
			0
			-1
			-5
			-7
			0
			-6
			7
			4
			-4
			0
			-3
			11
			0
			7
			0
			3
			-5
			0
			-10
			-8
			0
			-8
			0
			-9
			-8
			-5
			0
			-10
			-15
			0
			-6
			-5
			0
			11
			3
			43
			19,568
			2,562
			5,799
			-77,326
			-22,721
			1,300
			12,623
			4
			1,643
			4
			-3,131
			-116
			-8
			-1,354
			-610
			-139
			-155
			-123
			-95
			-2,912
			-1,223
			-123
			-88
			-4
			-2
			-825
			-749
			-749
			-24
			-48
			-12
			-4
			-24
			-67
			-24
			-44
			-48
			-164
			-180
			-120
			17,603
			34
			0
			1,289
			0
			-3
			-6
			0
			-8
			-8
			0
			-8
			-11
			-9
			0
			-4
			0
			-6
			0
			1
			1
			1
			3
			0
			4
			0
			4
			7
			0
			9
			0
			9
			11
			1
			17
			24
			1
			21
			1
			83
			1
			20
			1
			22
			1
			23
			21
			15
			1
			14
			8
			0
			4
			0
			-2
			-781
			0
			-5
			-8
			0
			-13
			-8
			0
			-13
			0
			-9
			-13
			-17
			-1
			-11
			0
			-11
			0
			-11
			-14
			-1
			-16
			-1
			-18
			-1
			-16
			-2
			-13
			-7
			0
			-2
			3
			-5,181
			-42
			-188
			-52
			-21
			-105
			-10
			-10
			-62
			23,178
			25
			6
			20,650
			471
			-2,527
			-2,527
			-1
			-3,033
			19,539
			-340
			10
			93
			0
			-644
			12,382
			717
			4
			8,212
			0
			19,389
			8
			662
			8
			3,398
			-4
			-14,425
			-2,021
			-3,032
			17,338

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	103,567
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2013	315,500	4,649,572	0.067856
2012	317,300	4,711,758	0.067342
2011	318,762	4,719,151	0.067546
2010	310,100	4,659,797	0.066548
2009	304,499	4,091,856	0.074416

2	Total of line 1, column (d) ......................	2	0.343708
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	0.068742
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	4,617,026
5	Multiply line 4 by line 3.......................	5	317,384
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	2,493
7	Add lines 5 and 6.........................	7	319,877
8	Enter qualifying distributions from Part XII, line 4..............	8	315,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2014)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	4,986
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	4,986
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	4,986
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	5,640
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	5,640
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	654
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax654	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

N/A

The books are in care of bullet

SCOTT GUNDERSON Telephone no. bullet

(775) 354-3593

Located at bullet

18124 WEDGE PARKWAY 542RENONV ZIP+4 bullet

89511

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

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

16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Form 990-PF (2014)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2014?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2014.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

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

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

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

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

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

Form 990-PF (2014)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
DAVID L PETERSON	PRESIDENT/DIRECTOR 5.00	24,750	0	0
C/O CINDY SPRAGUE 4038 FRIJO ST COVINA,CA91722	PRESIDENT/DIRECTOR 5.00	24,750	0	0
SCOTT GUNDERSON	SEC/TREAS/DIRECTOR 5.00	72,000	0	0
18124 WEDGE PARKWAY 542 RENO,NV89521	SEC/TREAS/DIRECTOR 5.00	72,000	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1	FUNDING FOR A SCHOOL FOR CHILDREN IN PERU - PERU LITERACY PROJECT.	71,500
2	MONUMENT CRISIS CENTER	90,000
3	FOOD BANK OF NORTHERN NEVADA	30,000
4	PROVIDE JOB SKILLS AND CAREER OPPORTUNITIES TO HOMELESS YOUTH	15,000

Form 990-PF (2014)

Page 8

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

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

purposes:

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

4,563,388

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

123,948

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

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

4,687,336

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

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

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

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

4,687,336

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

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

70,310

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

4,617,026

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

230,851

Part XI

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

and do not complete this part.)

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

230,851

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

4,986

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

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

4,986

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

225,865

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

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

225,865

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

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

225,865

Part XII

Qualifying Distributions (see instructions)

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

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

315,000

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

315,000

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

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

315,000

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7					225,865
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.......	103,334
b From 2010.......	80,260
c From 2011.......	86,718
d From 2012.......	85,805
e From 2013.......	88,646
fTotal of lines 3a through e.........		444,763
4Qualifying distributions for 2014 from Part
XII, line 4: $ 315,000
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.....					225,865
e Remaining amount distributed out of corpus		89,135
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		533,898
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) ...		103,334
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		430,564
10 Analysis of line 9:
a Excess from 2010....	80,260
b Excess from 2011....	86,718
c Excess from 2012....	85,805
d Excess from 2013....	88,646
e Excess from 2014....	89,135

Form 990-PF (2014)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2014, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2014	(b) 2013	(c) 2012	(d) 2011	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ...........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2014)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ASSOCIATION OF SMALL FOUNDATIONS 1720 N STREET NW WASHINGTON,DC20036	NONE	501(C)(3) PUBLIC CHA	GENERAL PURPOSE	2,500
FOOD BANK OF NORTHERN NV 994 PACKER WAY SPARKS,NV89431	NONE	501(C)(3) PUBLIC CHA	GENERAL PURPOSE	30,000
GRANDE DEVIDA LORETO TERRITORY FERNANDO LORES DISTRICT,PERU PE	NONE	N/A	GENERAL PURPOSE	71,500
MONUMENT CRISIS CENTER 2350 MONUMENT BLVD SUITE B CONCORD,CA94520	NONE	501(C)(3) PUBLIC CHA	GENERAL PURPOSE	90,000
COMMUNITY HEALTH ALLIANCE(VA DENTAL) 680 SOUTH ROCK BLVD RENO,NV89502	NONE	501(C)(3) PUBLIC CHA	GENERAL PURPOSE	10,000
BOYS & GIRLS CLUB TRUCKEE MEADOWS 2680 E NINTH STREET RENO,NV89512	NONE	501(C)(3) PUBLIC CHA	GENERAL PURPOSE	6,600
VETERANS GUESTHOUSE 880 LOCUST STREET RENO,NV89502	NONE	501(C)(3) PUBLIC CHA	GENERAL PURPOSE	12,000
PROJECT SOLUTION 1090 BRESSON AVE RENO,NV89502	NONE	501(C)(3) PUBLIC CHA	GENERAL PURPOSE	15,000
Total ................................. 3a				237,600

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2014)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............
4 Dividends and interest from securities....			14	176,140
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	103,567
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		279,707	0

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

13279,707

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2014)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
BLACKROCK EQUITY	99,663	103,573
BLACKROCK HIGH YLD BD PTF CL A	160,625	164,852
PUTNAM CAPITAL OPPORTUNITIES CL A	24,999	49,477
J HANCOCK PREF INCOME INCOME FUND	178,540	207,093
JOHN HANCOCK TAX ADV DIV GLOBAL	183,131	174,594
PIONEER STRATEGIC INCOME FUND	200,002	194,697
COHEN & STEERS PFD SECS & INCOME FD INC CL A	100,965	97,614
COHEN & STEERS PFD SECS & INCOME FD INC CL C	123,414	141,116
LORD ABBETT SHORT DURATION INCOME FUND C	223,640	218,508
GOLDMAN SACHS RISING	99,744	129,261
MERRILL LYNCH #02268	1,515,443	1,627,256

Description	Revenue and Expenses per Books	Net Investment Income
CA FRANCHISE TAX BOARD FEE	10	0
DIRECTOR INSURANCE	750	0
ATTORNEY GENERAL	75	0
INVESTMENT FEES	7,833	7,833
MISCELLANEOUS	1,014	0
ASF FEES	725	0
DUES	750	0
FOREIGN TAXES PAID ON INVESTMENTS	610	610
OTHER DEDUCTIONS-NUVEEN K1	2,063	2,063