Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

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

Number and street (or P.O. box number if mail is not delivered to street address)2044 SUANA DRIVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RANCHO PALOS VERDES, CA90275
A Employer identification number

20-1027460
B Telephone number (see instructions)

(310) 522-9698
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$2,766,876J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 249,523
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 94,246 92,933 94,246
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 286,047
b Gross sales price for all assets on line 6a 1,672,425
7 Capital gain net income (from Part IV, line 2)... 286,047
8 Net short-term capital gain......... 2,121
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........ 629,816 378,980 96,367
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 320 160   160
b Accounting fees (attach schedule)....... Click to see attachment 2,125 1,125   1,000
c Other professional fees (attach schedule).... Click to see attachment 23,642 23,642    
17 Interest............... 2,094 2,094    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,083 1,267   15,816
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 45,264 28,288   16,976
25 Contributions, gifts, grants paid........ 314,650 314,650
26 Total expenses and disbursements. Add lines 24 and 25 359,914 28,288   331,626
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 269,902
b Net investment income (if negative, enter -0-) 350,692
c Adjusted net income (if negative, enter -0-)... 96,367
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 209,422 131,341 131,341
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)      
b Investments—corporate stock (attach schedule)........ 1,026,518 Click to see attachment1,274,194 1,476,535
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,157,260 Click to see attachment1,121,947 1,159,000
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,393,200 2,527,482 2,766,876
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 2,393,200 2,527,482
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 2,393,200 2,527,482
31 Total liabilities and net assets/fund balances (see instructions).. 2,393,200 2,527,482
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 2,393,200
2 Enter amount from Part I, line 27a..................... 2 269,902
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,663,102
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 135,620
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,527,482
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 7 CARBO CERAMICS P 2013-11-13 2014-10-16
b 130 COGNEX CORP P 2013-01-16 2014-01-16
c 21 EATON VANCE CORP P 2013-11-13 2014-10-17
d 17 EPR PPTYS P 2013-11-13 2014-05-15
e 20000 FEDERAL FARM CR BKS P 2014-01-29 2014-09-03
15000 FEDERAL HOME LOAN BANKS P 2014-02-06 2014-05-13
15000 FNMA NOTE P 2013-10-02 2014-07-30
24 OWENS AND MINOR P 2013-11-13 2014-10-27
65 SUN HYDRAULICS P 2013-10-21 2014-03-18
168 WORLD FUEL P 2013-11-13 2014-03-04
154 CARBO CERAMICS P 2013-01-16 2014-10-16
801 COGNEX CORP P 2012-10-02 2014-12-16
401 EATON VANCE CORP P 2013-01-16 2014-10-17
166 EPR PPTYS P 2013-01-16 2014-05-15
15000 FEDERAL FARM CR BKS P 2013-08-01 2014-08-07
85 HENRY JACK AND ASSOC. P 2010-10-06 2014-03-10
655 INTERVAL LEISURE P 2013-06-28 2014-12-01
840 LANDSTAR SYSTEMS P 2010-10-06 2014-12-16
82 LINCOLN ELECTRIC P 2010-10-06 2014-03-26
80 NATIONAL BEVERAGE P 2013-01-16 2014-11-07
468 OWENS AND MINOR P 2013-01-16 2014-10-27
645 REED ELSEVIER P 2010-10-07 2014-12-16
1420 ROCHE HOLDINGS P 2010-10-07 2014-12-16
57 SYNTEL P 2013-01-16 2014-05-07
163 THOR IND. P 2013-01-16 2014-06-25
870 WD 40 P 2010-10-06 2014-12-16
57 WORLD FUEL P 2010-10-06 2014-03-04
15 ADIDAS P 2013-11-13 2014-10-23
.3 AIR LIQUID P 2014-07-15 2014-07-15
45 TESCO ADR P 2013-11-13 2014-09-09
60 VERIZON P 2014-02-24 2014-03-03
.909 VODAFONE P 2014-02-25 2014-02-25
101 ADIDAS P 2013-01-16 2014-10-23
125 ASSA ABLOY P 2013-05-02 2014-09-16
132 CRH SPON ADR P 2013-01-16 2014-06-10
124 NEWCREST MINING P 2013-01-22 2014-02-28
181 TESCO ADR P 2013-01-16 2014-09-09
23 VODAFONE P 2013-01-16 2014-03-13
3108 BNY MELLON SM/ MID FUND P 2013-01-01 2014-04-11
VARIOUS DREYFUS FUNDS P 2013-01-01 2014-04-11
VARIOUS BNY MELLON FUNDS P 2013-01-01 2014-04-11
2583 AMER. ELECTRIC POWER P 2013-01-01 2014-04-16
3113 US BANCORP P 2013-01-01 2014-04-16
641 BNY MELLON FUNDS P 2013-01-01 2014-09-03
1167 DREYFUS FUNDS P 2013-01-01 2014-10-03
VARIOUS BNY MELLON FUNDS P 2013-01-01 2014-10-03
7876 BNY MELLON FUNDS P 2013-01-01 2014-11-28
501 BNY MELLON FUNDS P 2013-01-01 2014-04-21
718 BNY MELLON FUNDS P 2013-01-01 2014-06-12
VARIOUS DREYFUS FUNDS P 2013-01-01 2014-09-03
1028 BNY MELLON FUNDS P 2013-01-01 2014-09-03
VARIOUS DREYFUS FUNDS P 2013-01-01 2014-10-03
749 BNY MELLON FUNDS P 2013-01-01 2014-10-03
27 ADS P 2013-01-01 2014-04-16
60 AXP P 2013-01-01 2014-04-16
20 AMPHENOL P 2013-01-01 2014-04-16
20 ANDARKO P 2013-01-01 2014-04-16
310 BAC P 2013-01-01 2014-04-16
110 BBY P 2013-01-01 2014-04-16
30 CIGNA P 2013-01-01 2014-04-16
20 CVS P 2013-01-01 2014-04-16
30 CHUBB P 2013-01-01 2014-04-16
130 CISCO P 2013-01-01 2014-04-16
100 COGNIZANT P 2013-01-01 2014-04-16
20 DANAHER P 2013-01-01 2014-04-16
170 EMC P 2013-01-01 2014-04-16
30 FEDEX P 2013-01-01 2014-04-16
20 INTUIT P 2013-01-01 2014-04-16
100 JNPR P 2013-01-01 2014-04-16
20 ELI LILLY P 2013-01-01 2014-04-16
14 MARTIN MARIETTA P 2013-01-01 2014-04-16
30 MCKESSON P 2013-01-10 2014-04-16
30 MOODYS P 2013-01-01 2014-04-16
40 OXY P 2013-01-01 2014-04-16
90 ORACLE P 2013-01-01 2014-04-16
20 PRAXAIR P 2013-01-01 2014-04-16
60 QUALCOMM P 2013-01-01 2014-04-16
20 TARGET P 2013-01-01 2014-04-16
40 TXN P 2013-01-01 2014-04-16
70 UNILEVER P 2013-01-01 2014-04-16
80 XILINX P 2013-01-01 2014-04-16
40 AMERIPRISE P 2013-01-01 2014-04-16
70 AT AND T P 2013-01-01 2014-04-16
110 CBS P 2013-01-01 2014-04-16
30 VIACOM P 2013-01-01 2014-04-16
6 VISA P 2013-01-01 2014-04-16
50 TYCO P 2013-01-01 2014-04-16
30 NEXTERA P 2013-01-01 2014-04-16
20 LYONDELLBASELL P 2013-01-01 2014-04-16
80 CBRE GROUP P 2013-01-01 2014-04-16
20 EXPRESS SCRIPTS P 2013-01-01 2014-04-16
110 21ST CENTURY FOX P 2013-01-01 2014-04-16
50 PFIZER P 2013-01-01 2014-04-16
60 BEAM INC P 2013-01-01 2014-04-17
70 CORNING P 2013-01-01 2014-04-21
60 TAIWAN SEMI P 2013-01-01 2014-04-22
60 TAIWAN SEMI P 2013-01-01 2014-04-25
50 FAMILY DOLLAR P 2013-01-01 2014-04-29
40 HALIBURTON P 2013-01-01 2014-05-05
14 SCHLUMBERGER P 2013-01-01 2014-05-05
60 SPLUNK P 2013-01-01 2014-05-06
140 TAIWAN SEMI P 2013-01-01 2014-05-07
9 SHIRE P 2013-01-01 2014-05-27
330 ALCATEL P 2013-01-01 2014-05-28
20 P AND G P 2013-01-01 2014-06-04
400 ALCATEL P 2013-01-01 2014-06-06
50 PFIZER P 2013-01-01 2014-06-09
48 ALLERGAN P 2013-01-01 2014-06-09
499 BNY MELLON FUNDS P 2013-01-01 2014-06-12
50 METLIFE P 2013-01-01 2014-06-12
80 METLIFE P 2013-01-01 2014-06-13
200 CABOT P 2013-01-01 2014-06-19
80 YAHOO P 2013-01-01 2014-06-19
12 COSTCO P 2013-01-01 2014-06-23
50 P AND G P 2013-01-01 2014-06-23
30 NATIONAL OILWELL P 2013-01-01 2014-06-23
30 BMY P 2013-01-01 2014-06-24
70 YAHOO P 2013-01-01 2014-06-26
50 SW ENERGY P 2013-01-01 2014-06-30
30 WFC P 2013-01-01 2014-07-08
80 YAHOO P 2013-01-01 2014-07-21
130 CORNING P 2013-01-01 2014-07-23
31 SHIRE P 2013-01-01 2014-07-23
80 OCWEN P 2013-01-01 2014-08-11
70 OCWEN P 2013-01-01 2014-08-12
20 HARLEY DAVIDSON P 2013-01-01 2014-08-18
20 COMCAST P 2013-01-10 2014-08-18
9 PVH P 2013-01-01 2014-08-18
20 DISNEY P 2013-01-01 2014-08-18
20 NATIONAL OILWELL P 2013-01-01 2014-08-18
30 TEVA P 2013-01-01 2014-08-18
290 GE CAP CORP P 2013-01-01 2014-08-20
30 AVAGO P 2013-01-01 2014-09-04
11 APPLE P 2013-01-01 2014-09-05
60 TEVA P 2013-01-01 2014-09-05
120 MU P 2013-01-01 2014-09-05
10 JNJ P 2013-01-01 2014-09-08
20 HCA P 2013-01-01 2014-09-08
20 AAPL P 2013-01-01 2014-09-09
20 AVAGO P 2013-01-01 2014-09-09
80 MU P 2013-01-01 2014-09-18
20 SALESFORCE P 2013-01-01 2014-10-07
10 UTX P 2013-01-01 2014-10-07
30 WFC P 2013-01-01 2014-10-07
20 PEPSICO P 2013-01-01 2014-10-07
20 YUM P 2013-01-01 2014-10-07
20 STATE STREET P 2013-01-01 2014-10-07
50 NABORS P 2013-01-01 2014-10-07
20 ADOBE P 2013-01-01 2014-10-07
20 XOM P 2013-01-01 2014-10-07
20 SERVICENOW P 2013-01-01 2014-10-07
20 NUCOR P 2013-01-01 2014-10-07
20 MRK P 2013-01-01 2014-10-07
20 INGERSOLL RAND P 2013-01-01 2014-10-07
30 INTEL P 2013-01-01 2014-10-07
20 JPM P 2013-01-01 2014-10-07
40 INVESCO P 2013-01-01 2014-10-07
20 HALIBURTON P 2013-01-01 2014-10-07
20 CARDINAL HEALTH P 2013-01-01 2014-10-07
7 INTERCONTINENTAL P 2013-01-01 2014-10-07
3 GOOGLE P 2013-01-01 2014-10-07
10 gilead P 2013-01-01 2014-10-07
20 COMCAST P 2013-01-01 2014-10-07
11 CVX P 2013-01-11 2014-10-07
20 DEVON P 2013-01-01 2014-10-07
20 DOVER P 2013-01-01 2014-10-07
20 AFLAC P 2013-01-01 2014-10-07
30 AAPL P 2013-01-01 2014-10-07
30 ABBOTT LABS P 2013-01-01 2014-10-07
20 ABBVIE P 2013-01-01 2014-10-07
140 MU P 2013-01-01 2014-10-09
80 FREEPORT MCMORAN P 2013-01-01 2014-10-10
40 NATIONAL OILWELL P 2013-01-01 2014-10-16
20 ADOBE P 2013-01-01 2014-10-17
60 AON P 2013-01-01 2014-10-23
44 JNJ P 2013-01-01 2014-10-29
30 FACEBOOK P 2013-01-01 2014-11-03
60 NABORS P 2013-01-01 2014-11-10
40 SEAGATE P 2013-01-01 2014-11-12
40 SEAGATE P 2013-01-01 2014-11-13
20 CVX P 2013-01-01 2014-11-25
140 NABORS P 2013-01-01 2014-11-25
11 MONSTER BEV P 2013-01-01 2014-11-28
10 SEMPRA P 2013-01-01 2014-11-28
35 DEVON P 2013-01-01 2014-12-15
35 DEVON P 2013-01-01 2014-12-16
30 MONDELEZ P 2013-01-01 2014-12-18
6 GOOGLE P 2013-01-01 2014-12-19
110 MONDELEZ P 2013-01-01 2014-12-23
VARIOUS DETAIL ON FILE- BNY MELLON P 2013-01-01 2014-01-01
(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 394   863 -469
b 4,920   2,506 2,414
c 745   897 -152
d 905   867 38
e 20,000   20,148 -148
15,000   15,044 -44
15,000   15,000  
809   908 -99
2,801   2,489 312
7,503   6,668 835
12,354   11,684 670
32,111   14,245 17,866
14,218   14,204 14
8,837   7,719 1,118
15,000   15,000  
4,888   2,194 2,694
13,858   14,633 -775
61,307   34,638 26,669
5,913   3,598 2,315
1,989   1,119 870
15,726   14,232 1,494
30,352   16,818 13,534
51,736   25,797 25,939
4,582   3,175 1,407
9,253   6,429 2,824
68,699   34,499 34,200
2,546   1,528 1,018
555   874 -319
8   7 1
506   797 -291
2,824   2,774 50
38   45 -7
4,345   4,713 -368
3,189   2,430 759
3,789   2,582 1,207
1,234   3,068 -1,834
2,037   3,038 -1,001
862   1,081 -219
50,297   44,859 5,438
102,065   99,183 2,882
207,265   223,461 -16,196
132,098   98,307 33,791
126,728   66,680 60,048
10,000   9,397 603
10,000   8,751 1,249
37,000   38,307 -1,307
80,000   73,485 6,515
6,000   6,010 -10
7,000   6,598 402
18,000   16,366 1,634
12,000   18,171 -6,171
19,000   19,402 -402
9,000   9,397 -397
6,801   2,211 4,590
5,101   2,547 2,554
1,821   1,453 368
1,939   1,219 720
4,961   4,478 483
2,839   2,432 407
2,359   852 1,507
1,463   1,143 320
2,650   1,472 1,178
2,957   2,719 238
4,835   3,647 1,188
1,470   684 786
4,558   3,392 1,166
3,968   2,767 1,201
1,470   1,032 438
2,487   2,238 249
1,174   988 186
1,762   1,473 289
5,001   1,808 3,193
2,262   1,401 861
3,781   3,220 561
3,570   1,925 1,645
2,576   1,605 971
4,705   2,707 1,998
1,182   1,052 130
1,814   1,398 416
3,089   2,046 1,043
4,173   3,471 702
4,128   1,653 2,475
2,456   2,353 103
6,595   2,990 3,605
2,490   2,384 106
1,193   1,014 179
2,049   822 1,227
2,876   1,655 1,221
1,755   889 866
2,134   1,482 652
1,434   1,208 226
3,443   1,319 2,124
1,498   1,154 344
4,995   3,809 1,186
1,429   1,436 -7
1,206   1,194 12
1,219   1,194 25
2,860   2,820 40
2,522   2,311 211
1,421   1,360 61
3,346   3,584 -238
2,750   2,786 -36
1,531   1,302 229
1,241   1,259 -18
1,612   1,620 -8
1,515   1,526 -11
1,479   895 584
7,936   5,797 2,139
5,975   5,990 -15
2,736   2,510 226
4,395   4,017 378
6,924   6,532 392
2,784   2,661 123
1,384   1,365 19
3,984   4,050 -66
2,330   2,126 204
1,433   1,482 -49
2,351   2,329 22
2,284   2,356 -72
1,575   972 603
2,723   2,661 62
2,815   2,667 148
7,981   4,486 3,495
2,105   3,064 -959
1,789   2,681 -892
1,244   1,338 -94
1,082   971 111
1,010   1,109 -99
1,751   1,557 194
1,644   1,418 226
1,530   1,512 18
7,418   5,497 1,921
2,472   1,837 635
1,136   885 251
3,133   3,023 110
3,782   2,611 1,171
1,037   976 61
1,391   1,096 295
1,977   1,489 488
1,732   1,194 538
2,411   1,741 670
1,136   1,093 43
1,034   1,147 -113
1,540   972 568
1,853   1,673 180
1,429   1,543 -114
1,450   1,296 154
1,083   1,186 -103
1,345   1,231 114
1,872   1,989 -117
1,157   1,142 15
1,053   1,017 36
1,178   1,127 51
1,114   1,104 10
1,006   1,048 -42
1,180   1,124 56
1,562   1,386 176
1,234   1,155 79
1,501   1,424 77
1,391   1,335 56
1,744   1,782 -38
1,047   686 361
1,054   971 83
1,293   1,382 -89
1,334   1,561 -227
1,594   1,637 -43
1,155   1,267 -112
2,994   2,234 760
1,239   1,225 14
1,136   1,099 37
4,513   3,046 1,467
2,556   2,633 -77
2,827   2,646 181
1,218   1,231 -13
4,815   4,794 21
4,524   3,590 934
2,276   1,811 465
1,001   1,423 -422
2,503   2,164 339
2,468   2,164 304
2,332   2,447 -115
2,281   3,321 -1,040
1,197   711 486
1,103   974 129
1,906   2,732 -826
1,907   2,730 -823
1,101   1,036 65
2,998   3,433 -435
4,013   3,799 214
71,693   65,773 5,920
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       -469
b       2,414
c       -152
d       38
e       -148
      -44
       
      -99
      312
      835
      670
      17,866
      14
      1,118
       
      2,694
      -775
      26,669
      2,315
      870
      1,494
      13,534
      25,939
      1,407
      2,824
      34,200
      1,018
      -319
      1
      -291
      50
      -7
      -368
      759
      1,207
      -1,834
      -1,001
      -219
      5,438
      2,882
      -16,196
      33,791
      60,048
      603
      1,249
      -1,307
      6,515
      -10
      402
      1,634
      -6,171
      -402
      -397
      4,590
      2,554
      368
      720
      483
      407
      1,507
      320
      1,178
      238
      1,188
      786
      1,166
      1,201
      438
      249
      186
      289
      3,193
      861
      561
      1,645
      971
      1,998
      130
      416
      1,043
      702
      2,475
      103
      3,605
      106
      179
      1,227
      1,221
      866
      652
      226
      2,124
      344
      1,186
      -7
      12
      25
      40
      211
      61
      -238
      -36
      229
      -18
      -8
      -11
      584
      2,139
      -15
      226
      378
      392
      123
      19
      -66
      204
      -49
      22
      -72
      603
      62
      148
      3,495
      -959
      -892
      -94
      111
      -99
      194
      226
      18
      1,921
      635
      251
      110
      1,171
      61
      295
      488
      538
      670
      43
      -113
      568
      180
      -114
      154
      -103
      114
      -117
      15
      36
      51
      10
      -42
      56
      176
      79
      77
      56
      -38
      361
      83
      -89
      -227
      -43
      -112
      760
      14
      37
      1,467
      -77
      181
      -13
      21
      934
      465
      -422
      339
      304
      -115
      -1,040
      486
      129
      -826
      -823
      65
      -435
      214
      5,920
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 2 286,047
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 2,121
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      
2012      
2011      
2010      
2009      
2 Total of line 1, column (d) ...................... 2  
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  
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4  
5 Multiply line 4 by line 3....................... 5  
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6  
7 Add lines 5 and 6......................... 7  
8 Enter qualifying distributions from Part XII, line 4.............. 8  
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 7,014
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  
3 Add lines 1 and 2........................... 3 7,014
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,014
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 8,360
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 8,360
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,346
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,346 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
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
     
    No
    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)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
    Yes
     
    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 addressbulletN/A
    14
    The books are in care ofbulletSEYMOUR WATERMAN Telephone no.bullet (310) 522-9698
    Located atbullet2044 SUANA DRIVERANCHO PALOS VERDESCA ZIP+4bullet90275
    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
     
    No
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    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
    SEYMOUR WATERMAN President
    5.00     		0    
    2044 SUANA DR
    RANCHO PALOS VERDES,CA90275
    CARRIE GLICKSTEEN Vice President
    5.00     		0    
    1399 KING JAMES COURT
    OAK PARK,CA91377
    WENDY WATERMAN Vice President
    5.00     		0    
    2109 BROADWAY 3-160
    NEW YORK,NY100232106
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,578,690
    b
    Average of monthly cash balances.......................
    1b
    170,382
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,749,072
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    2,749,072
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    41,236
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,707,836
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    135,392
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    135,392
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    7,014
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,014
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    128,378
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    128,378
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    128,378
    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
    331,626
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    331,626
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    331,626
    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 7 128,378
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 19,517
    b From 2010....... 9,910
    c From 2011....... 47,912
    d From 2012....... 36,582
    e From 2013....... 49,902
    fTotal of lines 3a through e......... 163,823
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 331,626
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 128,378
    e Remaining amount distributed out of corpus 203,248
    5 Excess distributions carryover applied to 2014.    
    (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 5 367,071
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		19,517
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		347,554
    10 Analysis of line 9:
    a Excess from 2010.... 9,910
    b Excess from 2011.... 47,912
    c Excess from 2012.... 36,582
    d Excess from 2013.... 49,902
    e Excess from 2014.... 203,248
    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).)
    SEYMOUR WATERMAN
    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.
    SEYMOUR WATERMAN
    CARRIE GLICKSTEEN
    WENDY WATERMAN
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    TEMPLE BETH EL
    1435 W 7TH ST
    SAN PEDRO,CA90732     		  501C3 FUNDRAISING FOR ORGANIZATION. 230,000
    CENTER THEATRE GROUP
    601 WEST TEMPLE STREET
    LOS ANGELES,CA90012     		  501C3 FUNDRAISING FOR THE ORGANIZATION. 4,000
    AMER JEWISH COMMITTEE WORLD SERVICE
    45 WEST 36TH STREET
    NEW YORK,NY10018     		  501C3 FUNDRAISING FOR THE ORGANIZATION. 3,500
    GEFFEN PLAYHOUSE
    10886 LE CONTE AVENUE
    WESTWOOD VILLAGE,CA90024     		  501C3 FUNDRAISING FOR THE ORGANIZATION. 3,000
    B'NAI B'RITH
    2020 K ST NW 7TH FLOOR
    WASHINGTON,DC20006     		  501C3 FUNDRAISING FOR THE ORGANIZATION. 1,000
    TEMPLE ADAT ELOHIM
    2420 E HILLCREST
    THOUSAND OAKS,CA91362     		  501C3 FUNDRAISING FOR THE ORGANIZATION 5,000
    FEEDING AMERICA
    PO BOX 96749
    WASHINGTON,DC20090     		  501C3 FUNDRAISING FOR THE ORGANIZATION 3,000
    BOYS AND GIRLS CLUB
    1220 S CABRILLO
    SAN PEDRO,CA90731     		  501C3 FUNDRAISING FOR THE ORGANIZATION 500
    ALZHEIMER ASSOCIATION
    5900 WILSHIRE BLVD
    LOS ANGELES,CA90036     		  501C3 PROVIDE SUPPORT FOR THE ORGANIZATION 2,500
    AMER CIVIL LIBERTIES UNION
    1313 W 8TH ST 200
    LOS ANGELES,CA90017     		  501C3 TO HELP PROVIDE SUPPORT FOR THE ORGANIZATION 200
    AMNESTY INTERNATIONAL
    FIVE PENN PLAZA
    NEW YORK,NY10001     		  501C3 FUNDRAISING FOR THE ORGANIZATION'S PROGRAMS 1,000
    ANTI-DEFAMATION LEAGUE
    10495 SANTA MONICA BLVD
    LOS ANGELES,CA90025     		  501C3 PROVIDE SUPPORT FOR THE ORGANIZATION 5,000
    CASA PACIFICA
    1722 S LEWIS ROAD
    CAMARILLO,CA93012     		  501C3 FUNDRAISING FOR THE ORGANIZATION 1,000
    CHABAD
    741 GAYLEY AVE
    LOS ANGELES,CA90024     		  501C3 TO HELP SUPPORT THEORGANIZATIONS' PROGRAMS 500
    CHILDREN'S MARITIME FOUNDATION
    200 AQUARIUM WAY 3
    LONG BEACH,CA90802     		  501C3 FUNDRAISING FOR THE ORGANIZATION 1,000
    CHRYSALIS FOUNDATION
    14015 VAN NUYS BL E
    ARLETA,CA91331     		  501C3 RAISE FUNDS FOR THE FOUNDATION AND IT'S PROGRAMS 2,000
    CITY OF HOPE
    1500 E DUARTE RD
    DUARTE,CA91010     		  501C3 AID IN SUPPORTING THE PROGRAMS OF THE ORGANIZATION 5,000
    ELI EDITH BROAD CENTER
    10900 WILSHIRE BLVD TWELFTH FLOOR
    LOS ANGELES,CA90024     		  501C3 HELP SUPPORT THE ORGANIZATION 1,000
    GUIDE DOGS OF AMERICA
    13445 GLENOAKS BL
    SYLMAR,CA91342     		  501C3 RAISE FUNDS FOR THE ORGANIZATION 500
    HILLEL FOUNDATION
    800 8TH ST NW
    WASHINGTON,DC20001     		  501C3 RAISE FUNDS FOR ORGANIZATION 1,000
    HOLOCAUST MUSEUM
    6435 WILSHIRE BL
    LOS ANGELES,CA90048     		  501C3 RAISE FUNDS FOR THE MUSEUM 500
    JEWISH NATIONAL FUND
    36 BATTERY PLACE
    NEW YORK,NY10280     		  501C3 TO HELP SUPPORT THE ORGANIZATION 3,000
    KCET
    2900 WEST ALAMEDA AVE
    BURBANK,CA91505     		  501C3 TO SUPPORT THE ORGANIZATION PROGRAMS 1,000
    MAKE A WISH FOUNDATION
    1875 CENTURY PARK E
    LOS ANGELES,CA90067     		  501C3 RAISE FUNDS FOR THE FOUNDATION 500
    MEMORIAL SLOAN- KETTERING
    1275 YORK AVE
    NEW YORK,NY10065     		  501C3 FUNDRAISING FOR THE ORGANIZATION 500
    MULTIPLE SCLEROSIS
    2440 S SEPULVEDA 115
    LOS ANGELES,CA90064     		  501C3 SUPPORT FOR THE ORGANIZATION 1,500
    MUSCULAR DYSTROPHY
    3415 S SEPULVEDA 560
    LOS ANGELES,CA90034     		  501C3 SUPPORT FOR ORGANIZATION 1,000
    MUSEUM OF TOLERANCE
    9786 W PICO BL
    LOS ANGELES,CA90035     		  501C3 FUNDRAISING FOR THE ORGANIZATION 2,000
    OAK PARK SCHOOLS FOUNDATION
    5801 CONIFER ST
    OAK PARK,CA91377     		  501C3 RAISE FUNDS FOR FOUNDATION 200
    OPERATION SMILE
    6435 TIDEWATER DR
    NORFOLK,VA23509     		  501C3 FUNDRAISING FOR ORGANIZATION 500
    SALVATION ARMY
    809 E 5TH ST
    LOS ANGELES,CA90013     		  501C3 SUPPORT FOR THE ORGANIZATION 500
    SIMON WEISENTHAL CENTER
    1399 ROXBURY DR 100
    LOS ANGELES,CA90035     		  501C3 FUNDRAISING FOR THE CENTER 5,000
    SOUTHERN POVERTY CENTER
    400 WASHINGTON AVE
    MONTGOMERY AVE,AL36104     		  501C3 RAISE FUNDS FOR THE CENTER 2,000
    SOVA FOOD BANK
    1140 N LA BREA AVE
    W HOLLYWOOD,CA90038     		  501C3 RAISE FUNDS FOR THE ORGANIZATION 5,000
    DISCOVERY CENTER
    5655 LINDERO CANYON RD 422
    WESTLAKE VILLAGE,CA91362     		  501C3 TO SUPPORT THE CENTER 10,000
    THE NEEDIEST CASES FUND
    4 CHASE METROTECH- LOCKBOX 5193
    BROOKLYN,NY11245     		  501C3 FINANCIAL SUPPORT FOR THE CHARITY 1,000
    TOYS FOR TOTS
    18251 QUANTICO GATEWAY DR
    TRIANGLE,VA22171     		  501C3 SUPPORT FOR THE CHILDREN 500
    UC BERKELEY FUND
    114 N INDIAN HILL BL C
    CLAREMONT,CA91711     		  501C3 RAISE FUNDS FOR SCHOOL PROGRAMS 1,000
    WOMEN IN NEED
    115 W 31ST ST 7TH FLOOR
    NEW YORK,NY10001     		  501C3 FINANCIAL SUPPORT FOR THE ORGANIZATION 1,000
    DIRECT RELIEF INTERNATIONAL
    27 S LA PATERA LANE
    SANTA BARBARA,CA93117     		  501C3 RAISE FUNDS FOR THE ORGANIZATION 2,500
    JEWISH GEN
    36 BATTERY PLACE
    NEW YORK,NY10280     		  501 C 3 FUNDRAISING FOR THE ORGANIZATION 500
    JEWISH WORLD WATCH
    5551 BALBOA BLVD
    ENCINO,CA91316     		  501 C 3 RAISE FUNDS FOR THE ORGANIZATION 1,000
    SHALOM INSTITUTE
    34342 MULHOLLAND HWY
    MALIBU,CA90265     		  501 C 3 RAISE FUNDS FOR THE ORGANIZATION 250
    DOCTORS WITHOUT BORDERS USA
    333 SEVENTH AVENUE- 2ND FLOOR
    NEW YORK,NY10001     		  501 C 3 RAISE FUNDS FOR THE ORGANIZATION. 2,500
    TOBERMAN NEIGHBORHOOD CENTER
    131 N GRAND AVE
    SAN PEDRO,CA90731     		  501 C 3 TO HELP RAISE FUNDS FOR THE ORGANIZATION. 500
    Total .................................bullet 3a 314,650
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 94,246  
    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 .............     		    18 286,047  
    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)..   380,293  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13380,293
    (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: 14000265
    Software Version: 2014v5.0


    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
    WATERMAN FAMILY FOUNDATION
     
    Employer identification number

    20-1027460
    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
    WATERMAN FAMILY FOUNDATION
          		Employer identification number

    20-1027460
    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
     
     

    SEYMOUR WATERMAN  
    2044 SUANA DRIVE
     
    RANCHO PV, CA90275

    		$31,283


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

    SEYMOUR WATERMAN  
    2044 SUANA DRIVE
     
    RANCHO PV, CA90275

    		$53,072


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

    SEYMOUR WATERMAN  
    2044 SUANA DRIVE
     
    RANCHO PV, CA90275

    		$35,041


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

    SEYMOUR WATERMAN  
    2044 SUANA DRIVE
     
    RANCHO PV, CA90275

    		$56,559


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

    SEYMOUR WATERMAN  
    2044 SUANA DRIVE
     
    RANCHO PV, CA90275

    		$73,568


    (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
    WATERMAN FAMILY FOUNDATION
          		Employer identification number

    20-1027460
    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
    		 645 SH. REED ELSEVIER NV ADR COMMON STOCK $ 31,283 2014-12-10
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 1420 SH. ROCHE HOLDINGS AG COMMON STOCK $ 53,072 2014-12-10
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 840 SH. COGNEX CORP COMMON STOCK $ 35,041 2014-12-10
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 757 SH. LANDSTAR SYSTEMS INC COMMON STOCK $ 56,559 2014-12-10
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    5
    		 937 SH. W D 40 CO COMMON STOCK $ 73,568 2014-12-10
    (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
    WATERMAN FAMILY FOUNDATION
          		Employer identification number

    20-1027460
    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: 14000265
    Software Version: 2014v5.0

    TY 2014 AccountingFeesSchedule
    Name:
    WATERMAN FAMILY FOUNDATION
    EIN: 20-1027460
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LENNING AND CO. 2,125 1,125 0 1,000

    TY 2014 GeneralExplanationAttachment
    Name:
    WATERMAN FAMILY FOUNDATION
    EIN: 20-1027460
    Software ID:14000265
    Software Version:2014v5.0
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF STATEMENT RE: CONTROLLED ENTITY PART VII-A QUESTION 11:THE OFFICERS, DIRECTORS AND MEMBERS OF THE FOUNDATION OWN COLLECTIVELY 75% OF THE FOLLOWING S CORPORATION:WATERMAN SUPPLY COMPANY, INC.PO BOX 596WILMINGTON, CA 90748EIN 95-2097761

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    WATERMAN FAMILY FOUNDATION
    EIN: 20-1027460
    Software ID:14000265
    Software Version:2014v5.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCKS 1,274,194 1,476,535

    TY 2014 InvestmentsOtherSchedule2
    Name:
    WATERMAN FAMILY FOUNDATION
    EIN: 20-1027460
    Software ID:14000265
    Software Version:2014v5.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 583,167 622,077
    FIXED INCOME INVESTMENTS INCL. BONDS AT COST 538,780 536,923

    TY 2014 LegalFeesSchedule
    Name:
    WATERMAN FAMILY FOUNDATION
    EIN: 20-1027460
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MAGASINN AND FELDMAN 320 160 0 160


    TY 2014 OtherDecreasesSchedule
    Name:
    WATERMAN FAMILY FOUNDATION
    EIN: 20-1027460
    Software ID:14000265
    Software Version:2014v5.0
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    WATERMAN FAMILY FOUNDATION
    EIN: 20-1027460
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BNY MELLON - INV. FEES 11,965 11,965 0 0
    FIDELITY- INV. FEES 3,362 3,362 0 0
    FIDELITY- INV. FEES 8,315 8,315 0 0


    TY 2014 TaxesSchedule
    Name:
    WATERMAN FAMILY FOUNDATION
    EIN: 20-1027460
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX ON NII- 15,816     15,816
    VARIOUS TAXES AND FEES 1,267 1,267