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
THE CARLS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)6001 N ADAMS ROAD NO 215   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMFIELD HILLS, MI48304
A Employer identification number

38-6099935
B Telephone number (see instructions)

(248) 434-5512
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$129,481,541J 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...... 2,447,027 2,447,027  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,490,318
b Gross sales price for all assets on line 6a 111,722,190
7 Capital gain net income (from Part IV, line 2)... 8,490,318
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........ 10,937,345 10,937,345  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 134,786 0   134,786
14 Other employee salaries and wages...... 142,264 0   142,264
15 Pension plans, employee benefits....... 85,990 0   85,990
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 25,000 8,333   16,667
c Other professional fees (attach schedule).... Click to see attachment 634,474 634,474   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 250,448 0   19,835
19 Depreciation (attach schedule) and depletion... 9,857 0  
20 Occupancy.............. 26,300 0   28,510
21 Travel, conferences, and meetings....... 3,673 0   3,673
22 Printing and publications.......... 1,347 0   0
23 Other expenses (attach schedule)....... Click to see attachment 62,869 144   72,414
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,377,008 642,951   504,139
25 Contributions, gifts, grants paid........ 5,793,565 5,793,565
26 Total expenses and disbursements. Add lines 24 and 25 7,170,573 642,951   6,297,704
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,766,772
b Net investment income (if negative, enter -0-) 10,294,394
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............... 135,663 194,472 194,472
2 Savings and temporary cash investments.......... 3,730,987 2,974,185 2,974,185
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) 11,621,535 Click to see attachment7,714,208 7,711,683
b Investments—corporate stock (attach schedule)........ 63,544,712 Click to see attachment68,618,100 90,443,330
c Investments—corporate bonds (attach schedule)........ 10,781,027 Click to see attachment11,642,490 11,864,472
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 13,618,377 Click to see attachment16,062,275 16,277,798
14 Land, buildings, and equipment: basis bullet85,854
Less: accumulated depreciation (attach schedule) bullet70,253 22,258 15,601 15,601
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 103,454,559 107,221,331 129,481,541
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 103,454,559 107,221,331
30 Total net assets or fund balances (see instructions)...... 103,454,559 107,221,331
31 Total liabilities and net assets/fund balances (see instructions).. 103,454,559 107,221,331
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)............... 1 103,454,559
2 Enter amount from Part I, line 27a..................... 2 3,766,772
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 107,221,331
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. 6 107,221,331
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 INVESTMENTS - COMERICA TRUST P   2014-12-31
b
c
d
e
(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 111,722,190   103,231,872 8,490,318
b
c
d
e
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       8,490,318
b
c
d
e
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 8,490,318
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 5,785,484 119,553,225 0.048393
2012 5,411,955 109,830,837 0.049275
2011 5,408,924 109,333,986 0.049472
2010 5,034,591 102,786,864 0.048981
2009 4,445,204 92,492,949 0.048060
2 Total of line 1, column (d) ...................... 2 0.244181
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 0.048836
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 127,727,318
5 Multiply line 4 by line 3....................... 5 6,237,691
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 102,944
7 Add lines 5 and 6......................... 7 6,340,635
8 Enter qualifying distributions from Part XII, line 4.............. 8 6,297,704
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 1 205,888
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........................... 3 205,888
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- ..... 5 205,888
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 227,284
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.............. 7 227,284
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 21,396
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet21,396 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    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 addressbulletWWW.CARLSFDN.ORG
    14
    The books are in care ofbulletELIZABETH A STIEG Telephone no.bullet (248) 385-5517
    Located atbullet6001 N ADAMS ROAD SUITE 215BLOOMFIELD HILLSMI ZIP+4bullet48304
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    ELIZABETH A STIEG PRESIDENT/EXECUTIVE DIRECT
    40.00     		119,036 17,910 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    HENRY FLEISCHER VICE PRESIDENT/TRUSTEE
    1.00     		2,250 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    ROBERT A SAJDAK TRUSTEE
    1.00     		2,250 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    DR HOMER E NYE TRUSTEE
    1.00     		2,250 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    EDWARD C STIEG TRUSTEE
    1.00     		2,250 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    TERESA KRIEGER-BURKE PHD TRUSTEE
    1.00     		2,250 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    BRUCE M FLEISCHER PHD TRUSTEE
    1.00     		2,250 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    DONALD A DELONG ESQ TRUSTEE
    1.00     		2,250 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    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
    KATHY A STENMAN PROGRAM OFFICER
    40.00     		77,400 11,610 0
    6001 N ADAMS ROAD STE 215
    BLOOMFIELD HILLS,MI48304
    KATHLEEN M SHAY OFFICE MGR
    40.00     		64,500 9,675 0
    6001 N ADAMS ROAD STE 215
    BLOOMFIELD HILLS,MI48304
    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
     
    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
    125,789,911
    b
    Average of monthly cash balances.......................
    1b
    3,882,493
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    129,672,404
    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
    129,672,404
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,945,086
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    127,727,318
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,386,366
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    6,386,366
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    205,888
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    205,888
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,180,478
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,180,478
    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
    6,180,478
    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
    6,297,704
    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
    6,297,704
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,297,704
    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 6,180,478
    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.......  
    b From 2010.......  
    c From 2011....... 47,463
    d From 2012....... 79,034
    e From 2013....... 8,644
    fTotal of lines 3a through e......... 135,141
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 6,297,704
    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..... 6,180,478
    e Remaining amount distributed out of corpus 117,226
    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 5 252,367
    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) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		252,367
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011.... 47,463
    c Excess from 2012.... 79,034
    d Excess from 2013.... 8,644
    e Excess from 2014.... 117,226
    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 e-mail address of the person to whom applications should be addressed:
    ELIZABETH A STIEG EXECUTIVE DIRECTO
    6001 N ADAMS ROAD STE 215
    BLOOMFIELD HILLS,MI48304
    (248) 434-5512
    bThe form in which applications should be submitted and information and materials they should include:
    NO FORMAL APPLICATION OR REQUEST FORM IS REQUIRED
    cAny submission deadlines:
    THERE ARE NO DEADLINES FOR SUBMISSION OF REQUESTS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION HAS A BROADLY DEFINED CHARITABLE PURPOSE BUT THE ORGANIZATION'S PRIMARY FOCUS IS CHILDREN'S HEALTH & WELFARE (PRIMARILY IN MI), PRESERVATION OF NATURAL AREAS AND OPEN SPACES, AND HISTORICAL BUILDINGS. THE FOUNDATION DOES NOT PROVIDE GRANTS TO INDIVIDUALS, FOR ENDOWMENTS, PUBLICATIONS, CONFERENCES, SEMINARS, FILM, FELLOWSHIPS, EDUCATION, LOANS, TRAVEL, RESEARCH, PLAYGROUND OR ATHLETIC FACILITIES OR UNDERWRITE RELATED EVENTS.
    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
    CHRIST CHILD HOUSE SOCIETY OF DETROIT
    15751 JOY ROAD
    DETROIT,MI48228     		NONE PC SUPPORT FOR THE PURCHASE OF A VEHICLE TO TRANSPORT RESIDENTS AND FOR THE PURCHASE OF PLAYGROUND EQUIPMENT. 60,000
    SICKLE CELL DISEASE ASSOCIATION OF AMERICA - MICHIGAN CHAPTER
    18516 JAMES COUZENS
    DETROIT,MI48235     		NONE PC SUPPORT FOR THE PROJECT ENRICH EDUCATIONAL INTERVENTION PROGRAM FOR CHILDREN LIVING WITH SICKLE CELL DISEASE. 25,000
    HOSPICE OF MICHIGAN
    400 MACK AVENUE
    DETROIT,MI48201     		NONE PC SUPPORT FOR THE PEDIATRIC EARLY CARE PROGRAM FOR FAMILIES LIVING IN SOUTHEAST MICHIGAN. 50,000
    DETROIT INSTITUTE FOR CHILDREN
    2075 E WEST MAPLE SUITE B-203
    WALLED LAKE,MI48390     		NONE PC SUPPORT FOR SPEECH, LANGUAGE PATHOLOGY, SOCIAL WORK, PSYCHOLOGY, OCCUPATIONAL THERAPY AND PHYSICAL THERAPY SERVICES. 100,000
    CLINTON RIVER WATERSHED COUNCIL
    1115 W AVON ROAD
    ROCHESTER HILLS,MI48309     		NONE PC SUPPORT FOR AN 18 MONTH SURVEY TO IDENTIFY AREAS OF ECOLOGICAL SIGNIFICANCE FOR PRESERVATION. 94,000
    ST JOHN COMMUNITY HEALTH CORP
    4777 E OUTER DRIVE SUITE G517
    DETROIT,MI48234     		NONE PC SUPPORT FOR THE JUBILEE PARENTING SUPPORT PROGRAM PROVIDING EARLY ACCESS TO HEALTHCARE AND IMPROVING PARENTING SKILLS. 18,757
    FOOD BANK OF EASTERN MICHIGAN INC
    2312 LAPEER ROAD
    FLINT,MI485034221     		NONE PC SUPPORT FOR THE PURCHASE OF A 53 FOOT REFRIGERATED TRACTOR-TRAILER TO INCREASE FOOD DISTRIBUTION CAPACITY. 200,000
    ALLEGIANCE HEALTH FOUNDATION
    205 N EAST AVENUE
    JACKSON,MI49201     		NONE PC SUPPORT FOR THE PURCHASE OF NEWBORN HEARING SCREENING EQUIPMENT AND SUPPORT FOR A PREVENTIVE HEALTH PROGRAM. 80,000
    CARE HOUSE OF OAKLAND COUNTY
    44765 WOODWARD AVENUE
    PONTIAC,MI483415021     		NONE PC SUPPORT FOR THE REDUCTION OF MORTGAGE DEBT AND FOR THE EARLY HEAD START PROGRAM. 200,000
    WORLD MEDICAL RELIEF INC
    11745 ROSA PARKS BLVD
    DETROIT,MI482061270     		NONE PC SUPPORT FOR THE PURCHASE OF CRIB BLANKETS FOR HOMELESS INFANTS AND TODDLERS. 10,000
    COALITION ON TEMPORARY SHELTER COTS
    26 PETERBORO
    DETROIT,MI482012757     		NONE PC SUPPORT FOR EMERGENCY SHELTER PROGRAMS AT THE SHELTER AS FEDERAL FUNDING PRIORITIES HAVE BEEN REDUCED. 100,000
    JUDSON CENTER INC
    4410 W 13 MILE ROAD
    ROYAL OAK,MI480736515     		NONE PC SUPPORT FOR RENOVATION OR NEW SPACE FOR THE AUTISM CONNECTIONS PROGRAM. 50,000
    HISPANIC EDUCATION OF LIFE SKILLS PROJECT (THE HELP SCHOOL)
    PO BOX 431145
    PONTIAC,MI48342     		NONE PC SUPPORT FOR BILINGUAL TEACHERS FOR THE CHILDREN'S ACTIVITY CENTER. 20,000
    HEART OF THE LAKES CENTER FOR LAND CONSERVATION POLICY
    PO BOX 1128
    BAY CITY,MI48706     		NONE PC SUPPORT FOR SEMIWILD, SOUTHEAST COLLABORATIVE FOR ENHANCING CONSERVANCIES AND CONSERVATION IN SOUTHEAST MICHIGAN. 80,000
    CENTRAL DETROIT CHRISTIAN COMMUNITY DEVELOPMENT CORPORATION
    8840 SECOND AVENUE
    DETROIT,MI48202     		NONE PC SUPPORT FOR PARENTING WITH PURPOSE PROGRAM. 15,000
    CRANBROOK EDUCATIONAL COMMUNITY
    PO BOX 801
    BLOOMFIELD HILLS,MI483030801     		NONE PC SUPPORT OF CRANBROOK CARES, A PEDIATRIC CANCER SUPPORT INITIATIVE AT THE SCIENCE MUSEUM. 40,000
    THE GUIDANCE CENTER
    13101 ALLEN ROAD
    SOUTHGATE,MI481952216     		NONE PC SUPPORT FOR THE PURCHASE AND RENOVATION OF BUILDINGS CURRENTLY HOUSING KIDS TALK CHILDREN'S ADVOCACY CENTER. 250,000
    BOTSFORD HEALTHCARETHE BOTSFORD FOUNDATION
    28050 GRAND RIVER AVENUE
    FARMINGTON HILLS,MI483365933     		NONE PC SUPPORT FOR THE PURCHASE OF PEDIATRIC X-RAY POSITIONING CHAIRS AND NEONATAL INTELLIVUE MP5. 35,900
    LAND TRUST ALLIANCE
    1660 L STREET NW SUITE 1100
    WASHINGTION,DC200365635     		NONE PC SUPPORT FOR THE FINAL PHASE OF THE ACE (ADVANCING CONSERVATION EXCELLENCE) PROGRAM TO ACCREDIT MICHIGAN LAND CONSERVANCIES 100,000
    CHILDREN'S LEUKEMIA FOUNDATION OF MICHIGAN
    5455 CORPORATE DRIVE SUITE 306
    TROY,MI48098     		NONE PC SUPPORT FOR A PARTIME SOCIAL WORKER. 37,125
    ST JOHN PROVIDENCE HEALTH SYSTEM HOLLEY EAR INSTITUTE
    22151 MOROSS ROAD PROF BLDG 1 SUITE
    223
    DETROIT,MI48236     		NONE PC SUPPORT FOR THE CONSTRUCTION OF A CLASSROOM AT HOLLEY FAMILY VILLAGE FOR USE BY THE DEAF AND HARD OF HEARING. 69,020
    DETROIT CENTRAL CITY COMMUNITY MENTAL HEALTH INC
    10 PETERBORO STREET
    DETROIT,MI48201     		NONE PC SUPPORT FOR THE RENOVATION OF AT THE PETERBORO CLINIC. 150,000
    WESTERN WAYNE FAMILY HEALTH CENTERS
    26650 EUREKA ROAD SUITE C
    TAYLOR,MI481804835     		NONE PC SUPPORT FOR RENOVATIONS TO THE PEDIATRIC CARE SUITE AT THE NEW INKSTER FACILITY. 150,000
    STARR COMMONWEALTH
    13725 STARR COMONWEALTH ROAD
    ALBION,MI49224     		NONE PC SUPPORT FOR THE EXPANSION OF SERVICES FOR THE AUTISM CENTER IN DETROIT. 151,075
    STUDENT ADVOCACY CENTER OF MICHIGAN INC
    1921 W MICHIGAN AVENUE
    YPSILANTI,MI48197     		NONE PC SUPPORT FOR STUDENT ADVOCACY SERVICES; MATCHES WAYNE COUNTY CHILD CARE FUND 1:1. 31,495
    BERRIEN COUNTY COUNCIL FOR CHILDREN
    4938 NILES ROAD
    ST JOSEPH,MI49085     		NONE PC SUPPORT FOR BUILDING EXPANSION OF CHILDREN'S ASSESSMENT CENTER. 50,000
    MCCLAREN OAKLAND FOUNDATION (FORMERLY POH RILEY FOUNDATION)
    50 N PERRY STREET
    PONTIAC,MI48342     		NONE PC SUPPORT FOR THE SCHOLARS IN-CLASS TUTORING PROGRAM AT PONTIAC HIGH SCHOOL. 29,910
    KEWEENAW LAND TRUST
    801 N LINCOLN DRIVE SUITE 306
    HANCOCK,MI49930     		NONE PC SUPPORT FOR THE POINT ABBAYE LAND ACQUISITION PROJECT; REPAIRS TO THE HISTORIC DOCK ON MANITOU ISLAND AND COMPLETION OF THE SCENIC BYWAY PROJECT. 75,000
    GLEANERS COMMUNITY FOOD BANK OF GREATER DETROIT
    2131 BEAUFAIT
    DETROIT,MI48207     		NONE PC SUPPORT FOR THE RENOVATION AT THE DETROIT HEADQUARTERS. 239,193
    LAND CONSERVANCY OF WEST MICHIGAN
    400 ANN STREET NW SUITE 102
    GRAND RAPIDS,MI49504     		NONE PC SUPPORT FOR THE ANDERSON NATURE PRESERVE PROJECT. 30,000
    BOUND TOGETHER
    167 WEST PIKE
    PONTIAC,MI48341     		NONE PC SUPPORT FOR HEALTHY AFTER SCHOOL SNACKS. 2,500
    ANN ARBOR HANDS ON MUSEUM
    220 E ANN STREET
    ANN ARBOR,MI48104     		NONE PC SUPPORT FOR THE HEALING THROUGH HANDS ON SCIENCE PROJECT. 48,224
    OAKLAND UNIVERSITY OFFICE OF FINANCIAL AID
    161 NORTH FOUNDATION HALL
    ROCHESTER,MI48309     		NONE PC SUPPORT ANNUAL MERIT & FINANCIAL NEEDS FOR STUDENTS. 14,490
    UNIVERSITY OF MICHIGAN
    3011 STUDENT ACTIVITIES
    ANN ARBOR,MI48109     		NONE PC SUPPORT ANNUAL MERIT & FINANCIAL NEEDS FOR STUDENTS. 33,876
    MICHIGAN STATE UNIVERSITY
    252 STUDENT SERVICES
    EAST LANSING,MI488241113     		NONE PC SUPPORT ANNUAL MERIT & FINANCIAL NEEDS FOR STUDENTS. 3,000
    ST JOSEPH MERCY OAKLAND
    44405 WOODWARD AVENUE
    PONTIAC,MI483412985     		NONE PC SUPPORT FOR THE CONSTRUCTION OF THE PEDIATRIC UNIT IN THE NEW IN-PATIENT TOWER. 750,000
    UNIVERSITY OF MICHIGAN KELLOGG EYE CENTER
    1000 WALL STREET
    ANN ARBOR,MI48105     		NONE PC CAPITAL FUNDS TO ESTABLISH THE CARLS PEDIATRIC OPHTHALMOLOGY CLINIC IN THE NEWLY EXPANDED W.K. KELLOGG EYE CENTER. 400,000
    HENRY FORD HEALTH SYSTEM
    1 FORD PLACE 5B
    DETROIT,MI482023450     		NONE PC CAPITAL FUNDS TO PURCHASE EQUIPMENT FOR AND RENOVATIONS OF THE NEONATAL INTENSIVE CARE UNIT AT HENRY FORD HOSPITAL. 400,000
    BARBARA ANN KARMANOS CANCER INSTITUTE
    4100 JOHN R
    DETROIT,MI48201     		NONE PC SUPPORT FOR THE COLLECTION AND PROCESSING OF STEM CELLS FROM DONATED CORD BLOOD UNITS FOR STORAGE AT THE JP MCCARTHY CORD STEM CELL BANK. 50,000
    THE NATURE CONSERVANCY - THE MICHIGAN CHAPTER
    2840 EAST GRAND RIVER AVENUE SUITE
    5
    EAST LANSING,MI48823     		NONE PC SUPPORT TO PURCHASE CRITICAL PROPERITIES NEAR EXISTING PRESERVES AND RESERVES. 250,000
    FORGOTTEN HARVEST INC
    21800 GREENFIELD ROAD
    OAK PARK,MI48237     		NONE PC SUPPORT FOR THE INTEGRATED CAPACITY CAMPAIGN TO INCREASE DISTRIBUTION OF FOOD TO THE HUNGRY. 250,000
    HURON PINES
    4241 OLD US 27 SOUTH SUITE 2
    GAYLORD,MI49735     		NONE PC SUPPORT OF THE LAND STWEARDSHIP PROGRAM, A CENTRALIZED SYSTEM OF CONSERVATION IN NORTHEAST MICHIGAN. 50,000
    MUNSON HEALTHCARE REGIONAL FOUNDATION
    1150 MEDICAL CAMPUS DRIVE
    TRAVERSE CITY,MI49684     		NONE PC SUPPORT FOR THE INFUSION SUITE IN THE NEW CANCER CENTER AT MUNSON MEDICAL CENTER. 500,000
    LEELANAU LAND CONSERVANCY
    105 NORTH FIRST STREET PO BOX 1007
    LELAND,MI49654     		NONE PC SUPPORT FOR THE PRESERVATION OF LANDS IN LEELANAU COUNTY FOCUSING ON SPECIAL LANDSCAPES AND BUFFERS TO PARKS AND EXISTING PRESERVES. 250,000
    GRAND TRAVERSE REGIONAL LAND CONSERVANCY
    3860 NORTH LONG LAKE ROAD SUITE D
    TRAVERSE CITY,MI496849601     		NONE PC SUPPORT FOR THE LAND AND CONSERVANCY FUNDS FOR THE PURCHASE AND PRESERVATION OF HIGH PRIORITY NATURAL LANDS. 250,000
    Total .................................bullet 3a 5,793,565
    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 2,447,027  
    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 8,490,318  
    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 10,937,345 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1310,937,345
    (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:
    THE CARLS FOUNDATION
    EIN: 38-6099935
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT & TAX PREPARATION FEES 25,000 8,333   16,667

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE CARLS FOUNDATION
    EIN: 38-6099935
    Name of Bond End of Year Book Value End of Year Fair Market Value
      11,642,490 11,864,472

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE CARLS FOUNDATION
    EIN: 38-6099935
    Name of Stock End of Year Book Value End of Year Fair Market Value
      68,618,100 90,443,330

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    THE CARLS FOUNDATION
    EIN: 38-6099935
    US Government Securities - End of Year Book Value:

    7,714,208
    US Government Securities - End of Year Fair Market Value:

    7,711,683
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE CARLS FOUNDATION
    EIN: 38-6099935
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
      AT COST 16,062,275 16,277,798

    TY 2014 OtherExpensesSchedule
    Name:
    THE CARLS FOUNDATION
    EIN: 38-6099935
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES 1,173 0   1,173
    TELEPHONE EXPENSE 4,607 0   4,607
    EQUIPMENT RENTAL 2,170 0   2,170
    BUSINESS INSURANCE 11,752 0   21,441
    DUES & PUBLICATIONS 12,000 0   12,000
    BANK SERVICE FEES 144 144   0
    PAYROLL SERVICE FEES 7,886 0   7,886
    COMPUTER CONSULTING 10,430 0   10,430
    OTHER EXPENSE 12,707 0   12,707


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE CARLS FOUNDATION
    EIN: 38-6099935
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 634,474 634,474   0


    TY 2014 TaxesSchedule
    Name:
    THE CARLS FOUNDATION
    EIN: 38-6099935
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 19,835 0   19,835
    EXCISE TAXES 230,613 0   0