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
JOHN SCULLY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 75000   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI482757874
A Employer identification number

26-6003516
B Telephone number (see instructions)

(612) 215-3603
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,342,254J 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...... 81,169 80,816  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 53,915
b Gross sales price for all assets on line 6a 1,384,552
7 Capital gain net income (from Part IV, line 2)... 53,915
8 Net short-term capital gain......... 0
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........ 135,084 134,731  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 14,145 12,731   1,415
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... 38,436 38,436   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 1,115 540   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 88 3   85
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 53,784 51,710 0 1,500
25 Contributions, gifts, grants paid........ 115,731 115,731
26 Total expenses and disbursements. Add lines 24 and 25 169,515 51,710 0 117,231
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -34,431
b Net investment income (if negative, enter -0-) 83,021
c Adjusted net income (if negative, enter -0-)... 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...............      
2 Savings and temporary cash investments.......... 46,360 52,465 52,465
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,547,191 Click to see attachment1,475,274 1,576,241
c Investments—corporate bonds (attach schedule)........ 692,340 Click to see attachment725,405 713,548
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   0    
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,285,891 2,253,144 2,342,254
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 2,285,891 2,253,144
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 2,285,891 2,253,144
31 Total liabilities and net assets/fund balances (see instructions).. 2,285,891 2,253,144
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 2,285,891
2 Enter amount from Part I, line 27a..................... 2 -34,431
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,684
4 Add lines 1, 2, and 3.......................... 4 2,253,144
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 2,253,144
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 11. AMERICAN ELEC PWR INC   2013-12-23 2014-02-13
b 11. DOMINION RESOURCES INC   2013-09-12 2014-02-13
c 6. DOW CHEMICAL CO   2013-12-23 2014-02-13
d 12. HEALTH CARE REIT INC   2013-09-12 2014-02-13
e 31. ISHARES GS$ INVESTOP CORP BD   2013-09-12 2014-02-13
80. ISHARES BARCLAYS 1-3YR TRS BD FD   2013-11-01 2014-02-13
31. ISHARES JP MORGAN USD EMERGING MARKETS B   2013-11-01 2014-02-13
26. JPMORGAN ALERIAN MLP INDEX ETN DUE 5/24/2024   2013-09-12 2014-02-13
8. LILLY ELI & CO   2013-09-12 2014-02-13
4. LOCKHEED MARTIN CORP   2013-09-12 2014-02-13
3.845 NATIXIS LOOMIS SAYLES INV GR - Y   2013-09-12 2014-02-13
12. MEDICAL FACS CORP   2013-09-12 2014-02-13
20. MERCK & CO INC NEW   2013-09-12 2014-02-13
4. MICROCHIP TECHNOLOGY INC   2013-09-12 2014-02-13
31. NATIONAL RETAIL PROPERTIES INC (REIT)   2013-09-12 2014-02-13
11. NEXTERA ENERGY INC   2013-12-23 2014-02-13
4. PIMCO TOTAL RETURN EXCHANGE-TRADED FUND   2013-12-23 2014-02-13
351. POWERSHARES SENIOR LN PORT NYSE ARCA IN   2013-09-12 2014-02-13
20.366 PUTNAM FDS TR CAPITAL SPECTRUM FUND   2013-09-12 2014-02-13
1. GUGGENHEIM S & P EQUAL WEIGHT TECHNOLOGY   2013-11-01 2014-02-13
65.467 THORNBURG INVESTMENT INCOME BUILDER CL I   2013-12-23 2014-02-13
206. VANGUARD EMERGING MARKETS ETF CLOSED-END FUND   2013-09-12 2014-02-13
165. WISDOMTREE JAPAN HEDGED EQ   2013-12-23 2014-02-13
7. WISDOMTREE EUROPE SMALLCAP DIVIDEND FUND   2013-11-01 2014-02-13
21214.042 FIDELITY FLTG RATE HIGH INCOME FD INSTL   2014-02-13 2014-03-14
53631.787 FRANKLIN INCOME FD ADVISOR CL   2014-02-13 2014-03-14
48. ISHARES JP MORGAN USD EMERGING MARKETS B   2013-11-01 2014-03-14
94. ISHARES IBOXX H/Y CORP BOND   2014-02-13 2014-03-14
446. MEDICAL FACS CORP   2013-09-12 2014-03-14
122.41 RIVERPARK /WEDGEWOOD FUND -INS   2014-02-13 2014-03-14
152. CHUBB CORP   2014-02-13 2014-04-24
265. HSBC HOLDINGS PLC-SPONS ADR   2013-12-23 2014-04-24
526. INTEL CORP   2014-02-13 2014-04-24
249. DIAMOND OFFSHORE DRILLING INC   2014-02-13 2014-05-27
170. DOMINION RESOURCES INC   2013-09-12 2014-05-27
45. LORILLARD INC   2014-02-13 2014-05-27
170. MEDICAL FACS CORP   2013-09-12 2014-05-27
20. AT&T INC   2013-12-23 2014-07-02
50. ALTRIA GROUP INC   2014-02-13 2014-07-02
23. AMERICAN ELEC PWR INC   2013-12-23 2014-07-02
7. AUTOMATIC DATA PROCESSING INC   2013-12-23 2014-07-02
13. BCE INC   2013-11-01 2014-07-02
22. BANK MONTREAL CAD COM NPV   2014-02-13 2014-07-02
29. BANK OF NOVA SCOTIA   2013-09-12 2014-07-02
27. CHEVRONTEXACO CORP   2013-09-12 2014-07-02
24. COCA COLA CO   2013-12-23 2014-07-02
423.98 CULLEN FDS TR   2014-02-13 2014-07-02
172.518 DOUBLELINE FDS TOTAL RETURN BOND FD   2014-05-27 2014-07-02
23. DOW CHEMICAL CO   2013-12-23 2014-07-02
12. EXXON MOBIL CORP COMMON STOCK   2013-12-23 2014-07-02
160.858 FIRST EAGLE GLOBAL I   2014-02-13 2014-07-02
10. GENERAL ELECTRIC CO   2013-12-23 2014-07-02
1. HSBC HOLDINGS PLC-SPONS ADR   2013-12-23 2014-07-02
17. HEALTH CARE REIT INC   2013-09-12 2014-07-02
13. ISHARES MSCI MSCI EMERGING MARKETS ASIA   2013-12-23 2014-07-02
28. ISHARES TR-S&P 500 INDEX   2014-02-13 2014-07-02
2. ISHARES GS$ INVESTOP CORP BD   2013-09-12 2014-07-02
4. ISHARES JP MORGAN USD EMERGING MARKETS B   2013-09-12 2014-07-02
12. ISHARES DOW JONES EPAC SELECT DIVIDEND I   2014-02-13 2014-07-02
90. JPMORGAN ALERIAN MLP INDEX ETN DUE 5/24/2024   2014-05-27 2014-07-02
15. JOHNSON & JOHNSON   2014-02-13 2014-07-02
55. KINDER MORGAN INC   2013-09-12 2014-07-02
28. LILLY ELI & CO   2013-09-12 2014-07-02
152.465 NATIXIS LOOMIS SAYLES INV GR - Y   2014-03-14 2014-07-02
7. LORILLARD INC   2013-09-12 2014-07-02
5. MCDONALDS CORP   2013-09-12 2014-07-02
9. MERCK & CO INC NEW   2013-09-12 2014-07-02
17. MICROCHIP TECHNOLOGY INC   2013-09-12 2014-07-02
29. NATIONAL RETAIL PROPERTIES INC (REIT)   2013-09-12 2014-07-02
10. NEXTERA ENERGY INC   2013-12-23 2014-07-02
14. NUVEEN MTG OPPORTUNITY TERM FD   2014-03-14 2014-07-02
8. PHILIP MORRIS INTL INC   2013-09-12 2014-07-02
7. PIMCO TOTAL RETURN EXCHANGE-TRADED FUND   2014-03-14 2014-07-02
14. PLUM CREEK TIMBER CO (REIT)   2014-05-27 2014-07-02
17. POWERSHARES INTL CORP BD PORT NYSE ARCA   2014-02-13 2014-07-02
9. POWERSHARES ETF BUILD AMERICA BOND PORTFOLIO   2014-02-13 2014-07-02
1. PROCTER & GAMBLE CO   2013-12-23 2014-07-02
250.346 PUTNAM FDS TR CAPITAL SPECTRUM FUND   2014-05-27 2014-07-02
335.499 RIVERPARK /WEDGEWOOD FUND -INS   2014-05-27 2014-07-02
20. ROYAL DUTCH SHELL PLC ADR-B   2014-02-13 2014-07-02
7. GUGGENHEIM S & P EQUAL WEIGHT TECHNOLOGY   2013-11-01 2014-07-02
7. GUGGENHEIM S&P EQUAL WEIGHT INDUSTRIAL   2014-02-13 2014-07-02
16. GUGGENHEIM S&P EQUAL WEIGHT ENERGY   2013-11-01 2014-07-02
15. SPDR DJ EURO STOXX 50 FUND   2014-02-13 2014-07-02
240.36 TEMPLETON GLOBALTOTAL RETURN BOND FD   2013-10-21 2014-07-02
400.564 THORNBURG INVESTMENT INCOME BUILDER CL I   2013-12-23 2014-07-02
8. 3M CO   2013-12-23 2014-07-02
38. TORONTO DOMINION BK ONT   2013-12-23 2014-07-02
6. UNITED PARCEL SERVICE CL B   2014-04-24 2014-07-02
23. UNITEDHEALTH GROUP INC   2013-09-12 2014-07-02
10. V F CORP   2013-12-27 2014-07-02
18. VANGUARD FTSE DEVELOPED ETF   2014-02-13 2014-07-02
21. VANGUARD EMERGING MARKETS ETF CLOSED-END FUND   2013-09-12 2014-07-02
18. WELLS FARGO & CO NEW   2014-04-24 2014-07-02
6. WISDOMTREE JAPAN HEDGED EQ   2013-12-23 2014-07-02
4306.392 DOUBLELINE FDS TOTAL RETURN BOND FD   2014-05-27 2014-08-06
32772.008 FRANKLIN HIGH INCOME FD ADVISOR CL   2014-07-02 2014-08-06
6574.523 NATIXIS LOOMIS SAYLES INV GR - Y   2014-03-14 2014-08-06
810. PIMCO TOTAL RETURN EXCHANGE-TRADED FUND   2014-03-14 2014-08-06
492. POWERSHARES ETF BUILD AMERICA BOND PORTFOLIO   2014-02-13 2014-08-06
97. GUGGENHEIM S&P EQUAL WEIGHT ENERGY   2014-02-13 2014-08-06
2089.826 TEMPLETON GLOBALTOTAL RETURN BOND FD   2013-10-21 2014-08-06
179. WISDOMTREE JAPAN HEDGED EQ   2013-12-23 2014-08-06
36.667 CDK GLOBAL INC   2013-09-12 2014-10-02
17.333 CDK GLOBAL INC   2014-02-13 2014-10-02
67.473 FIRST EAGLE GLOBAL I   2013-09-12 2014-10-02
101. ISHARES TR-S&P 500 INDEX   2013-09-12 2014-10-02
252. ISHARES BARCLAYS 1-3YR TRS BD FD   2014-08-06 2014-10-02
550.855 THORNBURG INVESTMENT INCOME BUILDER CL I   2013-09-12 2014-10-02
147. WISDOMTREE EUROPE SMALLCAP DIVIDEND FUND   2013-11-01 2014-10-02
.667 CDK GLOBAL INC   2014-02-13 2014-10-08
7. BCE INC   2014-02-13 2014-11-06
256. BCE INC   2013-11-01 2014-11-06
447.764 CULLEN FDS TR   2014-02-13 2014-11-06
3793.439 CULLEN FDS TR   2013-09-12 2014-11-06
46. DARDEN RESTAURANTS INC   2014-07-02 2014-11-06
214. DARDEN RESTAURANTS INC   2013-09-12 2014-11-06
892.847 FIRST EAGLE GLOBAL I   2013-09-12 2014-11-06
47. ISHARES GS$ INVESTOP CORP BD   2014-10-02 2014-11-06
303. ISHARES GS$ INVESTOP CORP BD   2013-09-12 2014-11-06
206. ISHARES BARCLAYS 1-3YR TRS BD FD   2013-12-23 2014-11-06
19. ISHARES BARCLAYS 1-3YR TRS BD FD   2013-11-01 2014-11-06
78. ISHARES JP MORGAN USD EMERGING MARKETS B   2013-09-12 2014-11-06
38. ISHARES IBOXX H/Y CORP BOND   2014-10-02 2014-11-06
94. ISHARES IBOXX H/Y CORP BOND   2013-11-01 2014-11-06
114. ISHARES BARCLAYS 3-7 YR TSY BD FD   2014-10-02 2014-11-06
269. PIMCO TOTAL RETURN EXCHANGE-TRADED FUND   2013-09-12 2014-11-06
820. POWERSHARES INTL CORP BD PORT NYSE ARCA   2013-11-01 2014-11-06
655.582 PUTNAM FDS TR CAPITAL SPECTRUM FUND   2013-09-12 2014-11-06
1495.132 RIVERPARK /WEDGEWOOD FUND -INS   2013-09-12 2014-11-06
2383.319 THORNBURG INVESTMENT INCOME BUILDER CL I   2013-09-12 2014-11-06
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 546   511 35
b 776   661 115
c 277   264 13
d 685   737 -52
e 3,596   3,459 137
6,762   6,758 4
3,360   3,425 -65
1,229   1,160 69
429   424 5
638   508 130
46   46  
205   181 24
1,103   959 144
183   158 25
1,052   947 105
1,021   933 88
426   420 6
8,740   8,707 33
744   667 77
79   71 8
1,373   1,362 11
7,956   8,396 -440
7,805   8,311 -506
423   373 50
211,485   210,875 610
130,325   123,369 6,956
5,240   5,303 -63
8,817   8,810 7
7,560   6,729 831
2,194   2,109 85
13,970   13,536 434
13,682   14,553 -871
14,060   12,384 1,676
12,701   15,465 -2,764
11,787   10,212 1,575
2,694   2,031 663
2,821   2,565 256
711   694 17
2,094   1,749 345
1,244   1,068 176
557   558 -1
587   569 18
1,625   1,419 206
1,942   1,666 276
3,513   3,354 159
1,013   962 51
4,910   4,761 149
1,889   1,905 -16
1,193   1,012 181
1,215   1,182 33
9,264   8,605 659
266   274 -8
52   54 -2
1,057   1,044 13
782   726 56
5,558   5,156 402
236   223 13
459   427 32
481   439 42
4,711   4,413 298
1,586   1,379 207
1,980   1,971 9
1,763   1,484 279
1,894   1,848 46
427   304 123
503   487 16
532   432 100
844   672 172
1,081   886 195
1,002   848 154
345   338 7
678   691 -13
760   750 10
630   622 8
520   502 18
262   255 7
80   81 -1
9,676   8,673 1,003
6,200   5,921 279
1,755   1,476 279
593   498 95
607   548 59
1,476   1,274 202
652   599 53
3,283   3,250 33
8,885   8,319 566
1,158   1,096 62
1,965   1,771 194
620   591 29
1,890   1,724 166
631   614 17
774   723 51
917   856 61
949   887 62
301   302 -1
47,327   47,291 36
69,149   69,805 -656
80,735   79,439 1,296
88,102   85,292 2,810
14,496   13,927 569
8,530   7,720 810
28,025   28,254 -229
8,730   9,016 -286
1,114   1,035 79
527   519 8
3,693   3,608 85
19,659   17,188 2,471
21,314   21,302 12
11,695   11,023 672
7,539   7,836 -297
18   19 -1
313   300 13
11,436   11,204 232
4,702   4,979 -277
39,831   40,438 -607
2,438   2,181 257
11,341   10,340 1,001
49,312   47,741 1,571
5,569   5,572 -3
35,900   33,805 2,095
17,429   17,388 41
1,608   1,605 3
8,844   8,320 524
3,504   3,482 22
8,668   8,737 -69
13,912   13,878 34
29,278   28,019 1,259
23,330   23,592 -262
25,312   21,470 3,842
28,348   24,311 4,037
50,622   47,690 2,932
      12,834
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       35
b       115
c       13
d       -52
e       137
      4
      -65
      69
      5
      130
       
      24
      144
      25
      105
      88
      6
      33
      77
      8
      11
      -440
      -506
      50
      610
      6,956
      -63
      7
      831
      85
      434
      -871
      1,676
      -2,764
      1,575
      663
      256
      17
      345
      176
      -1
      18
      206
      276
      159
      51
      149
      -16
      181
      33
      659
      -8
      -2
      13
      56
      402
      13
      32
      42
      298
      207
      9
      279
      46
      123
      16
      100
      172
      195
      154
      7
      -13
      10
      8
      18
      7
      -1
      1,003
      279
      279
      95
      59
      202
      53
      33
      566
      62
      194
      29
      166
      17
      51
      61
      62
      -1
      36
      -656
      1,296
      2,810
      569
      810
      -229
      -286
      79
      8
      85
      2,471
      12
      672
      -297
      -1
      13
      232
      -277
      -607
      257
      1,001
      1,571
      -3
      2,095
      41
      3
      524
      22
      -69
      34
      1,259
      -262
      3,842
      4,037
      2,932
       
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 53,915
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 177,641 2,629,406 0.067559
2012 181,278 3,353,318 0.054059
2011 161,466 3,541,827 0.045588
2010 38,726 4,074,790 0.009504
2009 30,900 313,954 0.098422
2 Total of line 1, column (d) ...................... 2 0.275132
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 0.055026
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 2,350,215
5 Multiply line 4 by line 3....................... 5 129,323
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 830
7 Add lines 5 and 6......................... 7 130,153
8 Enter qualifying distributions from Part XII, line 4.............. 8 117,231
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 1,660
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 1,660
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 1,660
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 575
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,275
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,850
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 5
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 10 185
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet185 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletSD
    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
     
     
    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 ofbulletCOMERICA BANK Telephone no.bullet (877) 405-1091
    Located atbullet101 NORTH MAIN STREETANN ARBORMI ZIP+4bullet48104
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    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
    COMERICA BANK TRUSTEE
    1     		14,145    
    PO BOX 75000 M/C 5100
    DETROIT,MI482755100
    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
     
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,337,216
    b
    Average of monthly cash balances.......................
    1b
    48,789
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,386,005
    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
    2,386,005
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    35,790
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,350,215
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    117,511
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    117,511
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,660
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,660
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    115,851
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    115,851
    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
    115,851
    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
    117,231
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    117,231
    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
    117,231
    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 7 115,851
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 115,731
    b Total for prior years:2012, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 0
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 117,231
    a Applied to 2013, but not more than line 2a 115,731
    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..... 1,500
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		114,351
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    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).)
    NONE
    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.
    NONE
    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:
    BRENDA PEARSON
    60 S 6TH ST STE 2550
    MINNEAPOLIS,MN55402
    (612) 215-3603
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER FORM
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    SOUTH DAKOTA SCHOOL OF
    MINES & TECHNOLOGY
    501 E ST JOSEPH
    RAPID CITY,SD57701     		NONE EXEMPT SCHOLARSHIP 115,000
    JOHNSON COUNTY LIBRARY FOUNDATION
    9875 W 87TH STREET
    OVERLAND,KS662124565     		NONE EXEPMT SUPPORT 731
    Total .................................bullet 3a 115,731
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 81,169  
    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 53,915  
    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)..   135,084  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13135,084
    (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 InvestmentsCorpBondsSchedule
    Name:
    JOHN SCULLY FOUNDATION
    EIN: 26-6003516
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS    
    DODGE & COX INCOME FD 159,501 158,466
    DOUBLELINE TOTAL RET 108,930 108,866
    JPMORGAN STRATEGIC INCM OPPTYS 87,388 86,502
    JP MORGAN I CORE BD FD SELECT 144,954 145,449
    NATIXIS LOOMIS SAYLES INV GR Y 36,173 35,647
    NUVEEN MTG OPPORTUNITY TERM 44,296 42,874
    TEMPLETON GLOBAL TOT RET FUND 144,163 135,744

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JOHN SCULLY FOUNDATION
    EIN: 26-6003516
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK    
    MCDONALDS CORP 12,693 12,275
    V F COPR 10,592 15,579
    ALTRIA GROUP INC 9,935 14,091
    COCA COLA CO 12,125 13,173
    LORILLARD INC 8,512 12,336
    PHILIP MORRIS INTL INC 13,378 12,788
    PROCTER & GAMBLE CO 13,176 15,121
    CHEVRON CORP 23,692 21,651
    EXXON MOBIL CORP 11,756 12,019
    KINDER MORGAN INC DEL COM 12,844 15,485
    ROYAL DUTCH SHELL PLC ADR B 10,091 9,530
    AUTOMATIC DATA PROCESSING INC 10,873 13,673
    HSBC HOLDINGD PLC HOLDINGS 12,528 11,052
    HEALTH CARE REIT INC 11,666 14,377
    NATIONAL RETAIL PPTYS 9,806 12,638
    PLUM CREEK TIMBER CO 11,870 11,425
    VENTAS INC REITS 12,076 12,691
    WELLS FARGO & CO 12,317 13,705
    JOHNSON & JOHNSON 11,250 13,071
    LILLY ELI & CO 10,176 13,246
    MERCK & CO 9,833 11,642
    UNITED HEALTH GROUP INC 11,982 16,275
    GENERAL ELECTRIC 12,393 12,610
    LOCKHEED MARTIN CORP 9,555 14,443
    3M CO 11,156 14,953
    UNITED PARCEL SERVICE 12,612 14,230
    MICROCHIP TECHNOLOGY INC 9,533 10,872
    QUALCOMM INC 12,830 12,264
    DOW CHEMICAL CO 10,232 11,676
    AT&T 12,801 12,495
    AMERICAN PWR INC 10,074 13,176
    NEXTERA ENERGY INC 10,452 13,818
    BANK MONTREAL CAD COM 10,443 11,458
    BANK OF NOVA SCOTIA 10,282 10,217
    MEDICAL FACS CORP 11,376 11,996
    TORONTO DOMINION BK 11,272 12,136
    CULLEN FDS TR 131,284 124,387
    FIRST EAGLE GLOBAL I 126,618 124,761
    ISHARES MSCI EMERG MKTS ASIA 14,809 15,129
    ISHARES TR S&P 500 IDX 125,505 139,430
    ISHARES NASDAQ BIOTECH IDX 14,647 16,078
    ISHARES RUSSELL 2000 21,789 22,489
    ISHARES DJ US FINL SVCS IDX 14,741 15,611
    ISHARES DOW JONES EPAC SEL DIV 15,326 14,419
    JPMORGAN CHASE & CO ALERIAN 51,170 52,199
    OPPENHEIMER DEVELOPING MKTS FD 43,546 39,862
    PUTNAM FDS TR CAPITAL SPECTRUM 106,444 125,347
    RIVERPARK WEDGEWOOD FUND 105,984 119,958
    GUGGENHEIM S&P EQUAL WT TECH 13,441 15,701
    GUGGENHEIM S&P EQUAL WT INDUS 14,063 15,557
    SPDR DJ EURO STOXX 50 30,381 29,857
    VNGRD EUROPE PACIFIC ETF 76,495 74,018
    VNGRD EMERG MKTS STOCK ETF 14,880 14,487
    THORNBURG INVESTMENT INCM 135,969 142,764

    TY 2014 OtherExpensesSchedule
    Name:
    JOHN SCULLY FOUNDATION
    EIN: 26-6003516
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN GLOBAL HOLDING FEES 3 3   0
    IRS APPLICATION FEE FOR THE YE 85 0   85


    TY 2014 OtherIncreasesSchedule
    Name:
    JOHN SCULLY FOUNDATION
    EIN: 26-6003516
    Description Amount