Form990-PF

Department of the Treasury
Internal Revenue Service

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

Number and street (or P.O. box number if mail is not delivered to street address)6102 LA JOLLA MESA DRIVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LA JOLLA, CA92037
A Employer identification number

33-0818870
B Telephone number (see instructions)

(858) 456-0162
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$0J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 22,147 22,147  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 120,289
b Gross sales price for all assets on line 6a 1,975,573
7 Capital gain net income (from Part IV, line 2)... 120,289
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........ 142,436 142,436  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,634 3,317   3,317
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,543 482   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10,593 10,475   118
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 19,770 14,274   3,435
25 Contributions, gifts, grants paid........ 1,348,495 1,348,495
26 Total expenses and disbursements. Add lines 24 and 25 1,368,265 14,274   1,351,930
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,225,829
b Net investment income (if negative, enter -0-) 128,162
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 29,755    
2 Savings and temporary cash investments.......... 8,927    
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)........ 101,090    
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)........... 1,086,057    
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) 1,225,829 0 0
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 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......... 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 1,225,829 0
30 Total net assets or fund balances (see instructions)...... 1,225,829 0
31 Total liabilities and net assets/fund balances (see instructions).. 1,225,829 0
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 1,225,829
2 Enter amount from Part I, line 27a..................... 2 -1,225,829
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 0
5 Decreases not included in line 2 (itemize) bullet 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 0
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 ACTAVIS PLC - 2.000 SHS P 2014-04-30 2014-10-07
b ACTAVIS PLC - 3,000 SHS P 2014-04-30 2014-11-03
c AMAZON COM INC - 1.000 SHS P 2013-02-13 2014-01-06
d AMAZON COM INC - 2.000 SHS P 2013-05-22 2014-04-30
e AMAZON COM INC - 2.000 SHS P 2014-04-07 2014-04-30
AMERICAN TOWER REIT COM - 11.000 SHS P 2013-06-18 2014-04-30
ANTERO RES CORP COM - 69.000 SHS P 2013-10-11 2014-04-30
BLUCORA INC COM - 64.000 SHS P 2014-04-30 2014-11-06
BLUCORA INC COM - 19.000 SHS P 2014-04-30 2014-11-12
BLUCORA INC COM - 36.000 SHS P 2014-04-30 2014-11-17
BLUCORA INC COM - 38.000 SHS P 2014-04-30 2014-11-18
CALPINE CORP NEW - 24.000 SHS P 2013-05-28 2014-04-30
CALPINE CORP NEW - 35.000 SHS P 2013-09-17 2014-04-30
CHICOS FAS INC - 24.000 SHS P 2014-04-30 2014-08-04
CHICOS FAS INC - 23.000 SHS P 2014-04-30 2014-08-05
CHICOS FAS INC - 14.000 SHS P 2014-04-30 2014-08-06
CHICOS FAS INC - 21.000 SHS P 2014-04-30 2014-08-07
CHICOS FAS INC - 7.000 SHS P 2014-04-30 2014-08-11
CHICOS FAS INC - 30.000 SHS P 2014-04-30 2014-08-12
COGNIZANT TECH SOLUTIONS CL A - 49.000 SHS P 2014-04-30 2014-11-05
DELPHI AUTOMOTIVE PLC - 82.000 SHS P 2014-01-17 2014-04-30
EBAY INC - 12.000 SHS P 2013-10-18 2014-04-30
ENBRIDGE ENERGY MGMT LLC - 23.000 SHS P 2013-06-28 2014-04-30
FIRST TRUST CONSMR STAPLES ETF - 367.000 SHS P 2013-08-01 2014-01-03
FIRST TRUST CONSMR STAPLES ETF - 285.000 SHS P 2014-11-03 2014-12-01
FIRST TRUST CONSUMER DISCRET - 395.000 SHS P 2014-01-03 2014-03-06
FIRST TRUST DEVELP MKT EX-US - 240.000 SHS P 2013-05-15 2014-01-22
FIRST TRUST EMERGING MARKETS - 208.000 SHS P 2013-05-15 2014-03-25
FIRST TRUST ENGY ALPHADEX ETF - 410.000 SHS P 2014-07-01 2014-11-03
FIRST TRUST EUROPE - 172.000 SHS P 2013-06-05 2014-01-09
FIRST TRUST INDS/PRODS ETF - 500.000 SHS P 2013-10-02 2014-10-01
FIRST TRUST JAPAN - 144.000 SHS P 2013-12-19 2014-03-17
FIRST TRUST MID CAP VALUE - 385.000 SHS P 2014-06-02 2014-08-04
FIRST TRUST SMALL CAP VALE - 362.000 SHS P 2013-06-04 2014-06-02
FIRST TRUST TECH ALPHA ETF - 398.000 SHS P 2014-03-06 2014-07-01
FT GM ALPHADEX - 160.000 SHS P 2013-12-19 2014-06-24
FT HK ALPHADEX - 148.000 SHS P 2014-09-23 2014-10-16
GENERAL MTRS CO - 28.000 SHS P 2013-11-13 2014-03-18
GENERAL MTRS CO - 72.000 SHS P 2013-11-13 2014-04-30
GENERAL MTRS CO - 38,000 SHS P 2014-01-31 2014-04-30
GLOBAL X MSCI ARGENTINA ETF - 258.000 SHS P 2014-07-17 2014-09-23
HARTFORD WORLD BOND I - 265.924 SHS P 2014-10-09 2014-11-03
IHS INC CLA A COM - 23.000 SHS P 2013-08-13 2014-04-30
IHS INC CLA A COM - 16.000 SHS P 2013-08-14 2014-04-30
IHS INC CLA A COM - 10.000 SHS P 2013-11-18 2014-04-30
IHS INC CLA A COM - 3.000 SHS P 2014-01-14 2014-04-30
IHS INC CLA A COM - 5.000 SHS P 2014-01-16 2014-04-30
INTUIT INC - 37.000 SHS P 2013-10-01 2014-04-30
INTUIT INC - 39.000 SHS P 2013-10-11 2014-04-30
INVESCO DEVELOPING MARKETS Y - 110.271 SHS P 2013-06-21 2014-02-07
INVESCO DEVELOPING MARKETS Y - 3.765 SHS P 2013-12-13 2014-02-07
INVESCO DEVELOPING MARKETS - 14.468 SHS P 2013-12-13 2014-02-07
INVESCO LTD - 93.000 SHS P 2013-12-03 2014-04-30
INVESCO LTD - 17.000 SHS P 2013-12-04 2014-04-30
INVESCO LTD - 32.000 SHS P 2014-01-06 2014-04-30
INVESCO SELECT COMPANIES Y - 2,066.052 SHS P 2013-05-15 2014-03-03
ISHARES MORNINGSTAR MID CP VAL - 47.000 SHS P 2014-05-23 2014-11-03
ISHARES MSCI DENMARK CAPPD ETF - 13.000 SHS P 2014-03-17 2014-11-03
ISHARES MSCI FINLAND CAPPD ETF - 144.000 SHS P 2014-03-17 2014-11-17
ISHARES MSCI FRANCE ETF - 174.000 SHS P 2014-03-25 2014-07-16
ISHARES MSCI IRELAND CAPPD ETF - 166.000 SHS P 2014-06-24 2014-11-17
ISHARES MSCI ITALY CAPPED ETF - 295.000 SHS P 2014-03-17 2014-09-23
ISHARES MSCI SOUTHKOREA CP ETF - 77.000 SHS P 2013-05-15 2014-03-25
ISHARES MSCI SPAIN CAPPED ETF - 128.000 SHS P 2014-03-25 2014-12-17
ISHARES MSCI SWEDEN ETF - 178.000 SHS P 2014-01-22 2014-03-17
ISHRS MSCI NETHERLANDS ETF - 250.000 SHS P 2014-01-09 2014-06-24
JACK IN THE BOX INC - 11.000 SHS P 2014-04-30 2014-10-13
JARDEN CORP - 15.000 SHS P 2014-04-30 2014-11-03
JB HUNT TRANS SERV - 34.000 SHS P 2013-10-11 2014-04-30
JB HUNT TRANS SERV - 19.000 SHS P 2014-03-26 2014-04-30
JP MORGAN STRAT INC OPP SEL - 76.975 SHS P 2013-09-11 2014-07-17
JPMORGAN CHASE & CO - 96.000 SHS P 2013-10-07 2014-04-30
JPMORGAN CHASE & CO - 16.000 SHS P 2014-01-30 2014-04-30
KANSAS CY SOUTHN IND NEW - 27.000 SHS P 2014-02-25 2014-04-30
KINDER MORGAN INCORP - 53.000 SHS P 2014-04-30 2014-06-23
MAINSTAY MARKETFIELD I - 229.989 SHS P 2013-05-15 2014-05-02
MAINSTAY MARKETFIELD I - 632.789 SHS P 2014-02-07 2014-10-09
MARKETAXESS HOLDINGS INC - 14.000 SHS P 2014-04-30 2014-11-05
MARKETAXESS HOLDINGS INC - 8.000 SHS P 2014-04-30 2014-11-06
MARKETAXESS HOLDINGS INC - 15.000 SHS P 2014-04-30 2014-11-10
MASTEC INC - 8.000 SHS P 2014-04-30 2014-11-03
MASTEC INC - 4.000 SHS P 2014-04-30 2014-11-03
MCKESSON CORP - 3.000 SHS P 2014-04-30 2014-11-03
MERGER FUND - 7.968 SHS P 2013-09-11 2014-05-02
MERGER FUND - 253.972 SHS P 2013-09-11 2014-07-17
MONSANTO CO/NEW - 5.000 SHS P 2013-08-08 2014-04-03
NIELSEN HOLDINGS NV - 18.000 SHS P 2013-06-25 2014-04-30
OAKMARK I - 103.991 SHS P 2013-03-18 2014-01-15
PEPSICO INC NC - 7.000 SHS P 2014-04-30 2014-11-03
PIMCO INCOME P - 300.000 SHS P 2014-02-07 2014-07-17
PIMCO INCOME P - 244.961 SHS P 2014-02-07 2014-11-03
PIONEER NATURAL RESOURCES CO - 6.000 SHS P 2014-01-30 2014-04-30
PRINCIPAL MIDCAP P - 41.984 SHS P 2013-09-11 2014-02-18
PRINCIPAL MIDCAP P - 485.979 SHS P 2013-09-11 2014-05-02
PRINCIPAL MIDCAP P - 260.000 SHS P 2013-09-11 2014-07-17
RANGE RESOURCES CORP - 65.000 SHS P 2013-07-31 2014-04-30
ROSS STORES INC - 6.000 SHS P 2014-04-30 2014-08-04
ROSS STORES INC - 14.000 SHS P 2014-04-30 2014-08-05
ROSS STORES INC - 22.000 SHS P 2014-04-30 2014-08-06
ROYCE VALUE PLUS INVEST - 2,845.915 SHS P 2014-03-03 2014-05-23
TELEFLEX INC - 3.000 SHS P 2014-04-30 2014-06-12
TELEFLEX INC - 2.000 SHS P 2014-04-30 2014-06-13
THOR INDUSTRIES INC - 12.000 SHS P 2014-04-30 2014-11-03
TOUCHSTONE SANDS CAP SEL GR Y - 181.975 SHS P 2013-03-18 2014-01-15
TRIBUNE COMPANY NEW CL A - 34.000 SHS P 2014-01-08 2014-04-30
TRIBUNE COMPANY NEW CL A - 32.000 SHS P 2014-02-07 2014-04-30
TRIBUNE COMPANY NEW CL A - 6.000 SHS P 2014-02-07 2014-04-30
TRIBUNE COMPANY NEW CL A - 2.000 SHS P 2014-02-10 2014-04-30
UNITED RENTALS INC - 5.000 SHS P 2014-03-10 2014-05-15
UNITED RENTALS INC - 4.000 SHS P 2014-03-10 2014-05-16
UNITED RENTALS INC - 4.000 SHS P 2014-03-10 2014-05-19
UNITED RENTALS INC - 7.000 SHS P 2014-03-10 2014-10-22
UNITED RENTALS INC - 8.000 SHS P 2014-03-10 2014-12-11
VERISK ANALYTICS CL A - 26.000 SHS P 2014-04-25 2014-04-30
WISDOMTREE TRUST JAPN HEDGE - 76.000 SHS P 2013-10-23 2014-05-02
WISDOMTREE TRUST JAPN HEDGE - 80.000 SHS P 2013-10-23 2014-07-17
AMAZON COM INC - 8.000 SHS P 2012-10-26 2014-01-06
AMAZON COM INC - 10.000 SHS P 2013-02-13 2014-04-30
AMERICAN TOWER REIT COM - 33.000 SHS P 2012-07-25 2014-04-30
AMERICAN TOWER REIT COM - 23.000 SHS P 2012-08-06 2014-04-30
AMERICAN TOWER REIT COM - 5.000 SHS P 2012-10-08 2014-04-30
AMERICAN TOWER REIT COM - 7.000 SHS P 2012-07-25 2014-11-03
BLACKROCK INC - 14.000 SHS P 2012-07-25 2014-04-30
BLACKROCK INC - 6.000 SHS P 2012-08-06 2014-04-30
BOEING CO - 8.000 SHS P 2012-08-06 2014-01-03
BOEING CO - 8.000 SHS P 2012-08-06 2014-04-30
BOEING CO - 22.000 SHS P 2012-10-08 2014-04-30
BOEING CO - 6.000 SHS P 2012-10-16 2014-04-30
BORG WARNER INC - 42.000 SHS P 2012-08-06 2014-04-30
CALPINE CORP NEW - 172.000 SHS P 2013-03-06 2014-04-30
CALPINE CORP NEW - 74.000 SHS P 2013-04-29 2014-04-30
EBAY INC - 83.000 SHS P 2012-07-25 2014-04-30
EBAY INC - 33.000 SHS P 2012-08-06 2014-04-30
EBAY INC - 12.000 SHS P 2013-04-23 2014-04-30
ENBRIDGE ENERGY MGMT LLC - 0.076 SHS P 2012-07-25 2014-02-14
ENBRIDGE ENERGY MGMT LLC - 94.000 SHS P 2012-07-25 2014-04-30
ENBRIDGE ENERGY MGMT LLC - 44.000 SHS P 2012-08-06 2014-04-30
EXPRESS SCRIPTS HLDG CO COM - 48.000 SHS P 2012-11-06 2014-02-14
EXPRESS SCRIPTS HLDG CO COM - 2.000 SHS P 2012-11-06 2014-04-30
EXPRESS SCRIPTS HLDG CO COM - 47.000 SHS P 2013-01-16 2014-04-30
EXPRESS SCRIPTS HLDG CO COM - 9.000 SHS P 2013-03-27 2014-04-30
FIRST TRST HLTH CARE ALPHA ETF - 49.000 SHS P 2013-11-01 2014-11-03
FIRST TRST HLTH CARE ALPHA ETF - 52.000 SHS P 2013-11-01 2014-11-19
FIRST TRUST EMERGING MARKETS - 242.000 SHS P 2013-05-15 2014-08-18
FT EM SC ALPHADEX - 126.000 SHS P 2013-06-05 2014-06-24
GOLDMAN SACHS STRATEGIC INC I - 607.932 SHS P 2013-03-18 2014-05-02
GOLDMAN SACHS STRATEGIC INC I - 763.931 SHS P 2013-03-18 2014-11-03
INVESCO DEVELOPING MARKETS Y - 738.319 SHS P 2012-07-25 2014-02-07
INVESCO DEVELOPING MARKETS Y - 402.665 SHS P 2012-08-06 2014-02-07
INVESCO DEVELOPING MARKETS Y - 14.230 SHS P 2012-12-07 2014-02-07
IVY ASSET STRATEGY I - 227.974 SHS P 2013-03-06 2014-05-02
IVY ASSET STRATEGY I - 1,903.715 SHS P 2013-03-06 2014-10-09
JP MORGAN STRAT INC OPP SEL - 315.932 SHS P 2013-09-11 2014-11-03
MAINSTAY MARKETFIELD I - 4,636.443 SHS P 2013-05-15 2014-10-09
MAINSTAY MARKETFIELD I - 1,289.822 SHS P 2013-09-11 2014-10-09
MERGER FUND - 178.983 SHS P 2013-09-11 2014-11-03
MONSANTO CO/NEW - 16.000 SHS P 2012-07-25 2014-01-15
MONSANTO CO/NEW - 4.000 SHS P 2012-08-06 2014-01-15
MONSANTO CO/NEW - 2.000 SHS P 2012-10-08 2014-01-15
MONSANTO CO/NEW - 6.000 SHS P 2012-11-07 2014-01-15
MONSANTO CO/NEW - 18.000 SHS P 2012-11-07 2014-04-03
MONSANTO CO/NEW - 6.000 SHS P 2013-02-13 2014-04-03
NEUBERGER BERMAN STR INC INST - 516.455 SHS P 2012-07-25 2014-01-15
NEUBERGER BERMAN STR INC INST - 48.677 SHS P 2012-07-25 2014-01-15
NEUBERGER BERMAN STR INC INST - 30.839 SHS P 2012-07-25 2014-01-15
NEUBERGER BERMAN STR INC INST - 4,026.098 SHS P 2012-07-25 2014-02-07
NEUBERGER BERMAN STR INC INST - 407.650 SHS P 2012-07-25 2014-05-02
NEUBERGER BERMAN STR INC - 55.346 SHS P 2012-08-06 2014-05-02
NEUBERGER BERMAN STR INC - 548,940 SHS P 2012-08-06 2014-11-03
NIELSEN HOLDINGS NV - 38.000 SHS P 2012-08-06 2014-04-30
NIELSEN HOLDINGS NV - 46.000 SHS P 2013-04-26 2014-04-30
OAKMARKI - 63.992 SHS P 2013-03-18 2014-07-17
OAKMARKI - 27.993 SHS P 2013-03-18 2014-11-03
OAKMARK INTERNATL I - 234.968 SHS P 2012-07-25 2014-02-18
OAKMARK INTERNATL I - 379.993 SHS P 2012-07-25 2014-05-02
OAKMARK INTERNATL I - 47.977 SHS P 2012-07-25 2014-11-03
PIONEER NATURAL RESOURCES CO - 15.000 SHS P 2012-12-31 2014-04-30
PIONEER NATURAL RESOURCES CO - 10.000 SHS P 2013-01-02 2014-04-30
PIONEER NATURAL RESOURCES CO - 5.000 SHS P 2013-03-28 2014-04-30
PRINCIPAL MIDCAP P - 384.964 SHS P 2013-09-11 2014-11-03
PRUDENTIAL GLB REAL ESTATE Z - 247.989 SHS P 2012-07-25 2014-02-18
PRUDENTIAL GLB REAL ESTATE Z - 284.977 SHS P 2012-07-25 2014-05-02
PRUDENTIAL GLB REAL ESTATE Z - 176.966 SHS P 2012-07-25 2014-07-17
PRUDENTIAL GLB REAL ESTATE Z - 198.995 SHS P 2012-07-25 2014-11-03
TOUCHSTONE SANDS CAP SEL GR - 169.965 SHS P 2013-03-18 2014-05-02
TOUCHSTONE SANDS CAP SEL GR - 126.970 SHS P 2013-03-18 2014-07-17
TOUCHSTONE SANDS CAP SEL GR - 4893 SHS P 2013-03-18 2014-11-03
UNION PACIFIC CORP - 16.000 SHS P 2012-07-25 2014-01-08
UNION PACIFIC CORP - 13.000 SHS P 2012-07-25 2014-03-03
UNION PACIFIC CORP - 3.000 SHS P 2012-08-06 2014-03-03
UNION PACIFIC CORP - 8.000 SHS P 2012-08-06 2014-11-03
VERISK ANALYTICS CL A - 38.000 SHS P 2012-12-31 2014-04-30
VIRTUS INSIGHT EMERG MKTS - 613.965 SHS P 2012-07-25 2014-05-02
VIRTUS INSIGHT EMERG MKTS - 309.914 SHS P 2012-07-25 2014-07-17
VIRTUS INSIGHT EMERG MKTS - 274.976 SHS P 2012-07-25 2014-11-03
WISDOMTREE TRUST JAPN HEDGE - 340.000 SHS P 2013-10-23 2014-11-03
ACETO CORP P 2014-05-28 2014-12-29
ACTAVIS PLC - 19 SHS P 2014-04-30 2014-12-29
AMERICAN TOWER REIT COM - 27 SHS P 2012-07-25 2014-12-29
ANHEUSER BUSCH INBEV SA SPON - 28 SHS P 2014-04-30 2014-12-29
ANN INC COM - 61 SHS P 2014-04-30 2014-12-29
APPLE INC - 35 SHS P 2014-04-30 2014-12-29
ARMSTRONG WORLD INDS INC NEW - 64 SHS P 2014-04-30 2014-12-29
ASCENA RETAIL GROUP INC COM - 131 SHS P 2014-04-30 2014-12-29
BAKER HUGHES INC - 41 SHS P 2014-04-30 2014-12-29
BORG WARNER INC - 46 SHS P 2012-07-25 2014-12-29
CITY NATIONAL CORP - 38 SHS P 2014-04-30 2014-12-29
EVERCORE PARTNERS INC CLASS A - 51 SHS P 2014-04-30 2014-12-29
FIRST TRST HLTH CARE ALPHA ETF - 184 SHS P 2013-11-01 2014-12-29
FIRST TRUST LARGE CAP GROWTH A - 265 SHS P 2014-08-04 2014-12-29
FIRST TRUST TECH ALPHA ETF - 355 SHS P 2014-10-01 2014-12-29
FIRST TRUST UTLTSALPHADEX ETF - 445 SHS P 2014-12-04 2014-12-29
FT CAN ALPHADEX - 158 SHS P 2014-09-23 2014-12-29
FT TW ALPHADEX - 154 SHS P 2014-08-18 2014-12-29
GENESEE & WYOMING INC A - 24 SHS P 2014-04-30 2014-12-29
GOLDMAN SACHS STRATEGIC INC I - 8633.267 SHS P 2013-03-18 2014-12-29
HARTFORD WORLD BOND I - 4938.797 SHS P 2014-10-09 2014-12-29
HEXCEL CORP NEW - 57 SHS P 2014-04-30 2014-12-29
INVESCO PREMIER INST - 21,274.760 SHS P 2013-01-01 2014-12-29
ISHARES MORNINGSTAR MID CP VAL - 348 SHS P 2014-05-23 2014-12-29
ISHARES MSCI DENMARK CAPPD ETF - 89 SHS P 2014-03-17 2014-12-29
ISHARES MSCI INDIA ETF - 204 SHS P 2014-06-24 2014-12-29
ISHARES MSCI INDONESIA ETF - 196 SHS P 2014-11-17 2014-12-29
ISHARES MSCI ISRAEL CP ETF - 114 SHS P 2014-06-24 2014-12-29
ISHARES MSCI PHILIPPINES ETF - 148 SHS P 2014-10-16 2014-12-29
ISHARES MSCI SOUTH AFRICA ETF - 85 SHS P 2014-12-23 2014-12-29
JACK IN THE BOX INC - 55 SHS P 2014-04-30 2014-12-29
JARDEN CORP - 99 SHS P 2014-04-30 2014-12-29
JP MORGAN STRAT INC OPP SEL - 2,523.224 SHS P 2013-09-11 2014-12-29
MASTEC INC - 156 SHS P 2014-04-30 2014-12-29
MCGRAW HILL FINANCIAL INC COM - 32 SHS P 2014-10-02 2014-12-29
MCKESSON CORP - 23 SHS P 2014-04-30 2014-12-29
MERGER FUND - 2,771.778 SHS P 2013-09-11 2014-12-29
MISTRAS GROUP INC COM - 112 SHS P 2014-04-30 2014-12-29
MOHAWK INDUSTRIES INC - 19 SHS P 2014-04-30 2014-12-29
NEUBERGER BERMAN STR INC INST - 4,808.211 SHS P 2012-08-06 2014-12-29
NEW MEDIA INVT GROUP INC - 67 SHS P 2014-12-26 2014-12-29
NIELSEN HOLDINGS NV - 72 SHS P 2012-07-25 2014-12-29
OAKMARK I - 307.167 SHS P 2013-03-18 2014-12-29
OAKMARK INTERNATL I - 4,303.624 SHS P 2012-07-25 2014-12-29
PEPSICO INC NC - 32 SHS P 2014-04-30 2014-12-29
PIMCO INCOME P - 2,851.974 SHS P 2014-02-07 2014-12-29
PRINCIPAL MIDCAP P - 3,342.546 SHS P 2013-09-11 2014-12-29
PRUDENTIAL GLB REAL ESTATE Z - 2,139.248 SHS P 2013-07-25 2014-12-29
SCHLUMBERGER LTD - 28 SHS P 2014-04-30 2014-12-29
SCIENTIFIC GAMES CP CL A - 236 SHS P 2014-04-30 2014-12-29
SPECTRUM BRANDS HLDGS INC COM - 18 SHS P 2014-06-19 2014-12-29
TEAM HEALTH HLDGS - 54 SHS P 2014-04-30 2014-12-29
TELEFLEX INC - 40 SHS P 2014-04-30 2014-12-29
THERMO FISHER SCIENTIFIC - 27 SHS P 2014-04-30 2014-12-29
THOR INDUSTRIES INC - 52 SHS P 2014-04-30 2014-12-29
TIME INC - 90 SHS P 2014-12-09 2014-12-29
TOUCHSTONE SANDS CAP SEL GR Y - 1,439.645 SHS P 2013-03-18 2014-12-29
TOUCHSTONE SANDS CAP SEL GR Y - 2,999.336 SHS P 2014-10-09 2014-12-29
UNION PACIFIC CORP - 22 SHS P 2012-08-06 2014-12-29
UNION PACIFIC CORP - 16 SHS P 2014-04-30 2014-12-29
UNITED RENTALS INC - 35 SHS P 2014-03-10 2014-12-29
UNITED TECHNOLOGIES CORP - 29 SHS P 2014-04-30 2014-12-29
VANTIV INC CL-A - 121 SHS P 2014-04-30 2014-12-29
VIRTUS INSIGHT EMERG MKTS I - 3,037.034 SHS P 2012-07-25 2014-12-29
WILLIAMS CO INC - 68 SHS P 2014-04-30 2014-12-29
WISDOMTREE TRUST JAPN HEDGE EQ - 319 SHS P 2013-10-23 2014-12-29
WISDOMTREE TRUST JAPN HEDGE EQ - 1,611 SHS P 2014-02-07 2014-12-29
MORGAN STANLEY SMITH BARNEY P   2014-12-31
(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 487   406 81
b 745   609 136
c 390   267 123
d 603   525 78
e 603   642 -39
918   852 66
4,496   3,792 704
959   1,222 -263
277   363 -86
512   688 -176
533   726 -193
548   497 51
799   686 113
381   381 0
367   365 2
225   222 3
324   334 -10
109   111 -2
458   477 -19
2,493   2,352 141
5,435   5,114 321
624   627 -3
674   576 98
12,856   12,370 486
12,072   11,628 444
13,031   12,680 351
12,379   11,604 775
4,867   5,568 -701
9,930   12,017 -2,087
5,772   4,799 973
14,490   12,570 1,920
6,199   6,490 -291
11,554   11,893 -339
11,421   9,662 1,759
13,110   12,688 422
6,699   6,511 188
5,466   5,768 -302
980   1,072 -92
2,472   2,758 -286
1,304   1,388 -84
5,489   5,831 -342
2,864   2,872 -8
2,746   2,467 279
1,910   1,762 148
1,194   1,123 71
358   354 4
597   587 10
2,785   2,465 320
2,935   2,600 335
3,417   3,403 14
117   121 -4
448   463 -15
3,265   3,245 20
597   592 5
1,123   1,169 -46
50,205   46,176 4,029
5,754   5,610 144
630   642 -12
4,595   5,013 -418
4,941   5,051 -110
5,478   6,034 -556
4,599   5,050 -451
4,573   4,424 149
4,497   5,059 -562
6,475   6,399 76
6,507   6,390 117
731   585 146
978   851 127
2,593   2,527 66
1,449   1,338 111
915   911 4
5,358   5,014 344
893   900 -7
2,722   2,517 205
1,905   1,735 170
4,110   3,942 168
10,403   11,637 -1,234
921   750 171
523   429 94
968   804 164
318   318 0
159   159 0
611   505 106
129   129 0
4,178   4,099 79
586   482 104
846   611 235
6,649   5,525 1,124
671   601 70
3,813   3,720 93
3,109   3,038 71
1,154   1,026 128
864   803 61
10,035   9,297 738
5,598   4,974 624
5,798   5,276 522
390   408 -18
908   952 -44
1,434   1,496 -62
47,641   50,515 -2,874
319   306 13
212   204 8
629   731 -102
3,259   2,448 811
2,618   2,729 -111
2,464   2,495 -31
462   469 -7
154   155 -1
463   461 2
383   369 14
386   369 17
738   646 92
869   738 131
1,552   1,512 40
3,516   3,579 -63
3,960   3,767 193
3,120   1,867 1,253
3,016   2,675 341
2,753   2,290 463
1,919   1,669 250
417   362 55
678   486 192
4,208   2,316 1,892
1,804   1,038 766
1,102   585 517
1,033   585 448
2,841   1,556 1,285
775   442 333
2,568   1,430 1,138
3,924   3,364 560
1,688   1,633 55
4,316   3,614 702
1,716   1,484 232
624   632 -8
2   2 0
2,755   2,660 95
1,290   1,231 59
3,667   2,625 1,042
134   109 25
3,148   2,552 596
603   522 81
2,890   2,181 709
3,078   2,315 763
6,294   6,478 -184
4,608   4,652 -44
6,444   6,395 49
8,014   8,037 -23
22,881   22,273 608
12,479   12,715 -236
441   471 -30
7,183   6,208 975
57,264   51,838 5,426
3,728   3,741 -13
76,223   79,469 -3,246
21,205   23,320 -2,115
2,887   2,889 -2
1,812   1,361 451
453   354 99
226   184 42
679   526 153
2,108   1,579 529
703   615 88
5,769   5,877 -108
554   554 0
351   351 0
44,972   45,817 -845
4,631   4,639 -8
629   632 -3
6,209   6,263 -54
1,787   1,103 684
2,163   1,591 572
4,389   3,400 989
1,942   1,487 455
6,229   3,875 2,354
10,180   6,266 3,914
1,173   791 382
2,886   1,571 1,315
1,924   1,080 844
962   626 336
8,562   7,364 1,198
5,595   4,974 621
6,683   5,716 967
4,382   3,550 832
4,961   3,992 969
2,889   2,287 602
2,251   1,708 543
9,354   6,579 2,775
2,697   1,885 812
2,329   1,532 797
537   371 166
925   495 430
2,268   1,913 355
6,072   5,661 411
3,229   2,858 371
2,876   2,536 340
18,745   16,011 2,734
2,053   1,630 423
4,944   3,854 1,090
2,717   1,874 843
3,215   2,970 245
2,282   2,389 -107
3,987   2,989 998
3,299   3,346 -47
1,634   2,254 -620
2,325   2,865 -540
2,588   1,472 1,116
3,110   2,748 362
2,682   2,640 42
11,241   8,192 3,049
12,497   11,414 1,083
12,421   11,342 1,079
11,468   10,889 579
4,955   5,780 -825
5,610   5,841 -231
2,172   2,354 -182
88,923   90,822 -1,899
53,240   53,339 -99
2,389   2,374 15
21,275   21,275 0
44,151   41,537 2,614
4,262   4,394 -132
6,059   6,063 -4
5,331   5,372 -41
5,304   6,050 -746
5,649   5,464 185
5,531   5,483 48
4,429   2,923 1,506
4,786   2,953 1,833
29,648   29,875 -227
3,501   5,546 -2,045
2,881   2,636 245
4,834   3,870 964
45,069   44,737 332
2,043   2,504 -461
2,963   2,520 443
53,515   54,933 -1,418
1,581   1,503 78
3,275   1,994 1,281
20,648   16,320 4,328
102,082   101,624 458
3,095   2,749 346
35,165   35,364 -199
73,870   63,943 9,927
53,032   48,861 4,171
2,446   2,846 -400
3,169   2,665 504
1,743   1,509 234
3,157   2,618 539
4,664   4,085 579
3,425   3,074 351
2,913   3,166 -253
2,238   2,165 73
26,993   19,368 7,625
56,238   54,258 1,980
2,655   1,417 1,238
1,931   1,524 407
3,699   3,250 449
3,389   3,438 -49
4,153   3,716 437
29,976   28,724 1,252
3,104   2,857 247
16,087   39,005 -22,918
81,243   53,989 27,254
18,808     18,808
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       81
b       136
c       123
d       78
e       -39
      66
      704
      -263
      -86
      -176
      -193
      51
      113
      0
      2
      3
      -10
      -2
      -19
      141
      321
      -3
      98
      486
      444
      351
      775
      -701
      -2,087
      973
      1,920
      -291
      -339
      1,759
      422
      188
      -302
      -92
      -286
      -84
      -342
      -8
      279
      148
      71
      4
      10
      320
      335
      14
      -4
      -15
      20
      5
      -46
      4,029
      144
      -12
      -418
      -110
      -556
      -451
      149
      -562
      76
      117
      146
      127
      66
      111
      4
      344
      -7
      205
      170
      168
      -1,234
      171
      94
      164
      0
      0
      106
      0
      79
      104
      235
      1,124
      70
      93
      71
      128
      61
      738
      624
      522
      -18
      -44
      -62
      -2,874
      13
      8
      -102
      811
      -111
      -31
      -7
      -1
      2
      14
      17
      92
      131
      40
      -63
      193
      1,253
      341
      463
      250
      55
      192
      1,892
      766
      517
      448
      1,285
      333
      1,138
      560
      55
      702
      232
      -8
      0
      95
      59
      1,042
      25
      596
      81
      709
      763
      -184
      -44
      49
      -23
      608
      -236
      -30
      975
      5,426
      -13
      -3,246
      -2,115
      -2
      451
      99
      42
      153
      529
      88
      -108
      0
      0
      -845
      -8
      -3
      -54
      684
      572
      989
      455
      2,354
      3,914
      382
      1,315
      844
      336
      1,198
      621
      967
      832
      969
      602
      543
      2,775
      812
      797
      166
      430
      355
      411
      371
      340
      2,734
      423
      1,090
      843
      245
      -107
      998
      -47
      -620
      -540
      1,116
      362
      42
      3,049
      1,083
      1,079
      579
      -825
      -231
      -182
      -1,899
      -99
      15
      0
      2,614
      -132
      -4
      -41
      -746
      185
      48
      1,506
      1,833
      -227
      -2,045
      245
      964
      332
      -461
      443
      -1,418
      78
      1,281
      4,328
      458
      346
      -199
      9,927
      4,171
      -400
      504
      234
      539
      579
      351
      -253
      73
      7,625
      1,980
      1,238
      407
      449
      -49
      437
      1,252
      247
      -22,918
      27,254
      18,808
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 2 120,289
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 139,859 1,300,748 0.107522
2012 202,554 1,168,090 0.173406
2011 223,939 1,216,678 0.184058
2010 246,509 1,360,385 0.181205
2009 269,364 1,416,268 0.190193
2 Total of line 1, column (d) ...................... 2 0.836384
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 0.167277
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 1,149,255
5 Multiply line 4 by line 3....................... 5 192,244
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,282
7 Add lines 5 and 6......................... 7 193,526
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,351,930
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 1,282
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,282
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 1,282
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,560
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 1,560
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 10 278
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11 278
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJEFFREY LIPINSKY Telephone no.bullet (858) 456-0162
    Located atbullet6102 LA JOLLA MESA DRIVELA JOLLACA ZIP+4bullet92037
    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
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JEFFREY LIPINSKY TRUSTEE
    1.00     		0 0 0
    6102 LA JOLLA MESA DRIVE
    LA JOLLA,CA92037
    SHEILA LIPINSKY TRUSTEE
    0.00     		0 0 0
    6102 LA JOLLA MESA DRIVE
    LA JOLLA,CA92037
    STEVEN LIPINSKY TRUSTEE
    0.00     		0 0 0
    994 MARISA LANE
    ENCINITAS,CA92024
    DAREN LIPINSKY TRUSTEE
    0.00     		0 0 0
    3124 GARDENIA LANE
    YORBA LINDA,CA92886
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE FOUNDATION WAS FORMED TO MAKE CHARITABLE DONATIONS TO OTHER FEDERALLY TAX EXEMPT SECTION 501 (C) (3) ORGANIZATIONS. 0
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,139,483
    b
    Average of monthly cash balances.......................
    1b
    27,273
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,166,756
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,166,756
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    17,501
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,149,255
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    57,463
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    57,463
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,282
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,282
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    56,181
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    56,181
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    56,181
    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
    1,351,930
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,351,930
    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
    1,282
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,350,648
    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 56,181
    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....... 199,436
    b From 2010....... 182,749
    c From 2011....... 163,570
    d From 2012....... 145,704
    e From 2013....... 76,873
    fTotal of lines 3a through e......... 768,332
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,351,930
    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..... 56,181
    e Remaining amount distributed out of corpus 1,295,749
    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 2,064,081
    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) ...     		199,436
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,864,645
    10 Analysis of line 9:
    a Excess from 2010.... 182,749
    b Excess from 2011.... 163,570
    c Excess from 2012.... 145,704
    d Excess from 2013.... 76,873
    e Excess from 2014.... 1,295,749
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ANTI-DEFAMATION LEAGUE
    4950 MURPHY CANYON ROAD STE 250
    SAN DIEGO,CA92123     		NONE 501(C)(3) TO OPPOSE ANTI-SEMITISM AND ALL FORMS OF BIGOTRY 1,000
    CYGNET THEATRE COMPANY
    2410 CONGRESS STREET
    SAN DIEGO,CA92110     		NONE 501(C)(3) PAYMENTS FOR ARTS EDUCATION OUTREACH, NEW PLAY DEVELOPMENT AND COMMUNITY COLLABORATION 15,000
    INTERNATIONAL BIPOLAR FOUNDATION
    8895 TOWNE CENTRE DRIVE SUITE
    105-360
    SAN DIEGO,CA92122     		NONE 501(C)(3) TO IMPROVE THE UNDERSTANDING AND TREATMENT OF BIPOLAR DISORDER 500
    ION THEATRE COMPANY
    3708 SIXTH AVENUE
    SAN DIEGO,CA92103     		NONE 501(C)(3) PAYMENTS TO PROVIDE AN ENVIRONMENT FOR THE GROWTH AND EDUCATION OF THE ARTS 2,500
    JERUSALEM FOUNDATION
    420 LEXINGTON AVENUE SUITE 1645
    NEW YORK,NY10170     		NONE 501(C)(3) PAYMENTS FOR COMMUNITY PROJECTS AND CULTURAL PROGRAMMING 500
    JEWISH COMMUNITY FOUNDATION
    4950 MURPHY CANYON ROAD
    SAN DIEGO,CA92123     		NONE 501(C)(3) TO ENGAGE, EDUCATE AND INSPIRE GENERATIONS OF GIVERS THROUGH THE JEWISH COMMUNITY 1,090,857
    JEWISH COMMUNITY FOUNDATION OF SAN DIEGO SEACREST VILLAGE RETIREMENT
    211 SAXONY ROAD
    ENCINITAS,CA920242791     		NONE 501(C)(3) TO ENGAGE, EDUCATE AND INSPIRE GENERATIONS OF GIVERS THROUGH THE JEWISH COMMUNITY 11,200
    JEWISH FAMILY SERVICE
    8804 BALBOA AVENUE
    SAN DIEGO,CA921231506     		NONE 501(C)(3) DEDICATED TO SERVICING THE COMMUNITY WITH MORE THAN FIFTY PROGRAMS AND SERVICES 12,250
    KIDS INCLUDED TOGETHER IN SAN DIEGO
    2820 ROOSEVELT ROAD SUITE 202
    SAN DIEGO,CA92106     		NONE 501(C)(3) PAYMENTS TO PROVIDE LEARNING OPPORTUNITIES AND YOUTH ENRICHMENT PROGRAMS 500
    KPBS
    5200 CAMPANILE DRIVE
    SAN DIEGO,CA92182     		NONE 501(C)(3) PAYMENTS TO HELP PROVIDE LOCAL COMMUNITIES WITH NEWS AND ENTERTAINMENT PROGRAMMING 2,500
    LA JOLLA PLAYHOUSE
    2910 LA JOLLA VILLAGE DRIVE
    LA JOLLA,CA92037     		NONE 501(C)(3) PAYMENTS FOR ADVANCING THE ARTS IN SAN DIEGO 4,600
    LAWRENCE FAMILY JCC
    4126 EXECUTIVE DRIVE
    LA JOLLA,CA92037     		NONE 501(C)(3) PAYMENTS TO SUPPORT JCC PROGRAMS BENEFITING THE SAN DIEGO COMMUNITY 5,000
    MAMA'S KITCHEN
    3960 HOME AVENUE
    SAN DIEGO,CA92105     		NONE 501(C)(3) PAYMENTS TO HELP PROVIDE NUTRITIOUS FOOD THROUGHOUT THE COMMUNITY TO PEOPLE IN NEED 1,350
    NATIONAL MULTIPLE SCLEROSIS SOCIETY PACIFIC SOUTH COAST CHAPTER
    12121 SCRIPPS SUMMIT DRIVE SUITE
    190
    SAN DIEGO,CA921314600     		NONE 501(C)(3) TO SUPPORT MS RESEARCH AND PROFESSIONAL EDUCATION AND PROVIDE PROGRAMS TO HELP PEOPLE AFFECTED WITH MS 500
    NORTH COAST REPERTORY THEATRE
    987 LOMAS SANTA FE DR SUITE D
    SOLANA BEACH,CA92075     		NONE 501(C)(3) PAYMENTS TO HELP ADVANCE THE ARTS AND LIVE THEATRE 10,000
    OLD GLOBE THEATRE
    PO BOX 122171
    SAN DIEGO,CA921122171     		NONE 501(C)(3) PAYMENTS TO PRESERVE, STRENGTHEN, AND ADVANCE AMERICAN THEATRE 38,285
    RADY CHILDREN'S HOSPITAL FOUNDATION
    3020 CHILDRENS WAY MC 5005
    SAN DIEGO,CA921234282     		NONE 501(C)(3) PAYMENTS TO SUPPORT PEDIATRIC-CARE FACILITY PROVIDING CARE, RESEARCH, AND TEACHING 10,000
    SAN DIEGO FOOD BANK
    9850 DISTRIBUTION AVENUE
    SAN DIEGO,CA921212320     		NONE 501(C)(3) PAYMENTS TO PROVIDE FOOD FOR FAMILIES IN NEED 1,000
    SAN DIEGO OPERA ASSOCIATION
    1200 3RD AVE FL 18 CIVIC CENTER
    PLAZA
    SAN DIEGO,CA92101     		NONE 501(C)(3) PAYMENTS TO FUND ARTISTIC EXCELLENCE 25,000
    SAN DIEGO REPERTORY THEATRE
    79 HORTON PLAZA
    SAN DIEGO,CA92101     		NONE 501(C)(3) PROMOTE A MORE INCLUSIVE COMMUNITY THROUGH ART 5,000
    SAN DIEGO YOUTH SYMPHONY
    1650 EL PRADO 207A
    SAN DIEGO,CA92101     		NONE 501(C)(3) SUPPORT HIGHLY ADVANCED LEVELS OF MUSICAL EXCELLENCE 2,000
    THE CAMPANILE FOUNDATION
    5500 CAMPANILE DRIVE
    SAN DIEGO,CA921821968     		NONE 501(C)(3) TO FACILITATE THE SDSU STRATEGY AND INSTITUTIONAL COMMITMENT TO INCREASE PRIVATE FUNDING 34,775
    UCSD FOUNDATION
    9500 GILMAN DRIVE 0940
    LA JOLLA,CA920930940     		NONE 501(C)(3) PAYMENTS TO PROVIDE ASSISTANCE FOR THE UNIVERSITY TO SUPPORT RESEARCH, TEACHING, AND PUBLIC SERVICE 22,500
    UJF - UNITED JEWISH FEDERATION OF SAN DIEGO COUNTY
    4950 MURPHY CANYON ROAD
    SAN DIEGO,CA921234900     		NONE 501(C)(3) TO ENGAGE, EDUCATE AND INSPIRE GENERATIONS OF GIVERS THROUGH THE JEWISH COMMUNITY 5,000
    TEMPLE EMANU-EL
    6299 CAPRI DRIVE
    SAN DIEGO,CA92120     		NONE 501(C)(3) PAYMENTS TO SUPPORT RELIGIOUS AND EDUCATIONAL PROGRAMS 728
    MALASHOCK DANCE
    2650 TRUXTUN ROAD SUITE 202
    SAN DIEGO,CA92106     		NONE 501(C)(3) PAYMENTS TO SUPPORT EDUCATION AND TRAINING OF YOUNG DANCERS 5,000
    MUSEUM OF CONTEMPORARY ART SAN DIEGO
    700 PROSPECT STREET
    LA JOLLA,CA920374291     		NONE 501(C)(3) PAYMENTS FOR ADVANCING THE ARTS IN SAN DIEGO 5,000
    PLAYRIGHTS PROJECT
    3675 RUFFIN ROAD STE 330
    SAN DIEGO,CA92123     		NONE 501(C)(3) PAYMENTS FOR ADVANCING THE ARTS IN SAN DIEGO 10,000
    SKIDMORE COLLEGE
    815 NORTH BROADWAY
    SARATOGA SPRINGS,NY128661632     		NONE 501(C)(3) PAYMENTS TO PROVIDE STUDENTS WITH FINANCIAL AID AND OTHER EDUCATIONAL BENEFITS 10,000
    USC SCHOOL OF DRAMATIC ARTS
    1014 CHILDS WAY STE 100C
    LOS ANGELES,CA900894017     		NONE 501(C)(3) PAYMENTS FOR ADVANCING THE ARTS 10,000
    SAN DIEGO NATURAL HISTORY MUSEUM
    PO BOX 121390
    SAN DIEGO,CA921121390     		NONE 501(C)(3) PAYMENTS FOR ADVANCING THE ARTS IN SAN DIEGO 1,000
    SAN DIEGO CENTER FOR CHILDREN
    3002 ARMSTRONG ST
    SAN DIEGO,CA92111     		NONE 501(C)(3) PAYMENTS FOR YOUTH SERVICES 1,000
    VISTA HILL FOUNDATION
    8910 CLAIREMONT MESA BLVD
    SAN DIEGO,CA92123     		NONE 501(C)(3) PAYMENTS TO HELP DEVELOP AND MAINTAIN SERVICES/PROGRAMS THROUGHOUT SAN DIEGO COUNTY 450
    UCSD MOORES CANCER CENTER
    9500 GILMAN DR 0940
    LA JOLLA,CA920930940     		NONE 501(C)(3) PAYMENTS TO SUPPORT CANCER RESEARCH AND TREATMENT 2,500
    SANFORD-BURNHAM MEDICAL RESEARCH INSTITUTE
    10901 NORTH TORREY PINES ROAD
    LA JOLLA,CA92037     		NONE 501(C)(3) PAYMENTS TO SUPPORT SCIENTIFIC RESEARCH 1,000
    Total .................................bullet 3a 1,348,495
    bApproved for future payment
    Total .................................bullet 3b 0
    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 22,147  
    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 .............     		    18 120,289  
    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).. 0 142,436 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13142,436
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
    EIN: 33-0818870
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 6,634 3,317   3,317

    TY 2014 DissolutionStmt
    Name:
    JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
    EIN: 33-0818870
    Dissolution Name Dissolution Address Explanation Dissolution Amount
    4950 MURPHY CANYON ROAD
    SAN DIEGO,CA92123     		AN EXPLANATION OF THE NATURE AND FAIR MARKET VALUE OF THE ASSETS DISTRIBUTED TO EACH RECIPIENT:SECURITIES WITH A FAIR MARKET VALUE OF $1,036,955 AND $53,902 IN CASH. 0


    TY 2014 LiquidationExplanationStmt
    Name:
    JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
    EIN: 33-0818870
    Statement:
    A STATEMENT TO THE RETURN THAT DESCRIBES THE TRANSACTION: ON 12/29/2014, TAXPAYER'S ASSETS WERE TRANSFERED TO THE SHEILA AND JEFFREY LIPINSKY FAMILY FUND OF THE JEWISH COMMUNITY FOUNDATION.


    TY 2014 OtherExpensesSchedule
    Name:
    JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
    EIN: 33-0818870
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER INVESTMENT EXPENSES 10,425 10,425   0
    PERMIT FEES 50 50   0
    OFFICE SUPPLIES 118 0   118


    TY 2014 TaxesSchedule
    Name:
    JEFFREY AND SHEILA LIPINSKY FAMILY FOUNDATION
    EIN: 33-0818870
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHOLDING 482 482   0
    STATE TAX 10 0   0
    FEDERAL TAX 2,051 0   0