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
CRESAP FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 21210   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OKLAHOMA CITY, OK73156
A Employer identification number

20-4760218
B Telephone number (see instructions)

(405) 755-5571
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$11,080,088J 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).............. 489,360
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 228,570 227,805  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 315,182
b Gross sales price for all assets on line 6a 4,272,795
7 Capital gain net income (from Part IV, line 2)... 315,182
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........ 1,033,112 542,987  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,200 1,600   1,600
c Other professional fees (attach schedule).... Click to see attachment 114,576 60,825   53,751
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,941 5,185   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 558 112   446
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 126,275 67,722   55,797
25 Contributions, gifts, grants paid........ 525,984 525,984
26 Total expenses and disbursements. Add lines 24 and 25 652,259 67,722   581,781
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 380,853
b Net investment income (if negative, enter -0-) 475,265
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............... 187,500 230,361 230,361
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 7,722,045 Click to see attachment7,886,420 7,886,420
c Investments—corporate bonds (attach schedule)........ 2,313,327 Click to see attachment2,196,997 2,196,997
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 498,932 Click to see attachment764,530 764,530
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment7,051 Click to see attachment1,780 Click to see attachment1,780
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,728,855 11,080,088 11,080,088
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......... 10,728,855 11,080,088
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)...... 10,728,855 11,080,088
31 Total liabilities and net assets/fund balances (see instructions).. 10,728,855 11,080,088
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 10,728,855
2 Enter amount from Part I, line 27a..................... 2 380,853
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 11,109,708
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 29,620
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 11,080,088
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 PUBLICLY TRADED SECURITIES SHORT TERM      
b PUBLICLY TRADED SECURITIES LONG TERM      
c CAPITAL GAINS DIVIDENDS P    
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 1,693,245   1,686,596 6,649
b 2,548,791   2,271,017 277,774
c 30,759     30,759
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       6,649
b       277,774
c       30,759
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 2 315,182
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 730,566 10,244,123 0.071316
2012 0 4,833,938 0.000000
2011      
2010      
2009      
2 Total of line 1, column (d) ...................... 2 0.071316
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 0.035658
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 10,605,297
5 Multiply line 4 by line 3....................... 5 378,164
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,753
7 Add lines 5 and 6......................... 7 382,917
8 Enter qualifying distributions from Part XII, line 4.............. 8 581,781
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 4,753
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 4,753
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,753
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 2,400
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,800
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,200
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,447
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet2,447 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)
    bulletOK
    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.CRESAPFOUNDATION.ORG
    14
    The books are in care ofbulletFOUNDATION MANAGEMENT INC Telephone no.bullet (405) 755-5571
    Located atbulletPO BOX 21210OKLAHOMA CITYOK ZIP+4bullet73156
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JOHN D CRESAP PRESIDENT
    1.00     		0 0 0
    1024 E BRITTON ROAD SUITE 100
    OKLAHOMA CITY,OK73131
    CHARLES CRESAP TREASURER
    1.00     		0 0 0
    1024 E BRITTON ROAD SUITE 100
    OKLAHOMA CITY,OK73131
    GAIL CRESAP SECRETARY
    1.00     		0 0 0
    1024 E BRITTON ROAD SUITE 100
    OKLAHOMA CITY,OK73131
    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  
    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
    10,545,942
    b
    Average of monthly cash balances.......................
    1b
    216,442
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,415
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,766,799
    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
    10,766,799
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    161,502
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,605,297
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    530,265
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    530,265
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    4,753
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,753
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    525,512
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    525,512
    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
    525,512
    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
    581,781
    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
    581,781
    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
    4,753
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    577,028
    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 7 525,512
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 1,432
    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.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 581,781
    a Applied to 2013, but not more than line 2a 1,432
    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..... 525,512
    e Remaining amount distributed out of corpus 54,837
    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 54,837
    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 ......     		54,837
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014.... 54,837
    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).)
    JOHN D CRESAP
    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:
    FOUNDATION MANAGEMENT INC
    2932 NW 122ND STE D
    OKLAHOMA CITY,OK73120
    (405) 755-5571
    bThe form in which applications should be submitted and information and materials they should include:
    THE TRUSTEES INVITE PROPOSALS FROM 501(C)3 ORGANIZATIONS. A LETTER OF INTENT SUMMARIZING THE PROJECT FOR FUNDING MUST BE SUBMITTED BY MAY 1, 2015. THE TRUSTEES WILL REVIEW ALL LETTERS OF INTENT RECEIVED THROUGH THE ONLINE GRANT APPLICATION PROCESS BY JUNE 2015. THE TRUSTEES WILL REVIEW ALL GRANT APPLICATIONS AND APPROVED GRANTS WILL BE FUNDED IN OCTOBER 2015. ALL APPLICANTS WILL BE NOTIFIED OF FINAL GRANTING DECISIONS.
    cAny submission deadlines:
    LETTER OF INQUIRY DEADLINE: MAY 1, 2015
    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
    ALLIED ARTS
    1015 N BROADWAY 200
    OKLAHOMA CITY,OK73102     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    ALZHEIMER'S ASSOCATION OK & AK
    14674 S HIGHWAY 169
    OOLOGAH,OK74053     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    ARTS COUNCIL OF OKLAHOMA CITY
    4334 NW EXPRESSWAY SUITE 101
    OKLAHOMA CITY,OK73116     		NONE 501(C)(3) GENERAL OPERATIONS 8,724
    BOYS & GIRLS CLUBS OF OKLAHOMA COUNTY
    44900 W 71ST STREET
    TULSA,OK74131     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    CARSELOWEY VOLUNTEER FIRE DEPARTMENT
    800 RESEARCH PARKWAY SUITE 150
    OKLAHOMA CITY,OK73104     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    CASA OF OKLAHOMA COUNTY
    3908 N PENIEL AVENUE SUITE 330
    BETHANY,OK73008     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    CENTER FOR CHILDREN AND FAMILIES
    726 WEST SHERIDAN AVENUE SUITE 170
    OKLAHOMA CITY,OK73102     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    CITY CARE INC
    PO BOX 462
    VINITA,OK74301     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    CLEORA COMMUNITY FIRE DEPARTMENT
    600 N MARTIN LUTHER KING
    OKLAHOMA CITY,OK73101     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    COMMUNITIES FOUNDATION
    960 W HOPE ROAD
    VINITA,OK74301     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    COOKSON HILLS CHRISTIAN SCHOOL
    8101 S WALKER AVENUE
    OKLAHOMA CITY,OK73139     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    CRAIG COUNTY SALVATION ARMY
    140 E 5TH STREET
    EDMOND,OK73034     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    DEADCENTER FILM FESTIVAL
    415 COUCH DRIVE
    OKLAHOMA CITY,OK73102     		NONE 501(C)(3) GENERAL OPERATIONS 2,500
    DRUG FREE COMMUNITY CRAIG COUNTY-
    825 NE 13TH STREET
    OKLAHOMA CITY,OK73104     		NONE 501(C)(3) GENERAL OPERATIONS 7,200
    EASTERN TRAILS MUSEUM
    240 STUDENT UNION
    STILLWATER,OK74074     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    FIRST TEE OF METRO OKLAHOMA CITY
    3636 NW 51ST STREET
    OKLAHOMA CITY,OK73112     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    FRIENDS VIRGIN ISLANDS NATIONAL PARK
    PO BOX 8073
    EDMOND,OK73083     		NONE 501(C)(3) GENERAL OPERATIONS 1,000
    GIRL SCOUTS - WESTERN OKLAHOMA INC
    3355 S PURDUE AVE
    OKLAHOMA CITY,OK73137     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    ITNCENTRAL OKLAHOMA
    12201 N WESTERN AVENUE
    OKLAHOMA CITY,OK73114     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    LENAPAH VOLUNTEER FIRE DEPARTMENT
    601 NE SIXTH STREET
    OKLAHOMA CITY,OK73104     		NONE 501(C)(3) GENERAL OPERATIONS 1,757
    LENAPAH VOLUNTEER FIRE DEPARTMENT
    7941 S I-35 SERVICE ROAD
    OKLAHOMA CITY,OK73149     		NONE 501(C)(3) GENERAL OPERATIONS 3,243
    LEUKEMIA & LYMPHOMA SOCIETY
    7500 N WESTERN AVENUE
    OKLAHOMA CITY,OK73116     		NONE 501(C)(3) GENERAL OPERATIONS 2,000
    LIMBS FOR LIFE FOUNDATION
    1444 NW 28TH STREET
    OKLAHOMA CITY,OK73101     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    MAKE-A-WISH FOUNDATION
    2460 W I-44 SERVICE ROAD
    OKLAHOMA CITY,OK73112     		NONE 501(C)(3) GENERAL OPERATIONS 50,000
    MARY ABBOTT CHILDREN'S HOUSE
    PO BOX 6316
    NORMAN,OK73070     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    NEWVIEW OKLAHOMA
    501 N DOUGLAS AVENUE
    OKLAHOMA CITY,OK73106     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    NOWATA VOLUNTEER FIRE DEPARTMENT
    110 N WASHINGTON
    NOWATA,OK74048     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    OKLAHOMA AIDS CARE FUND
    6608 N WESTERN AVENUE 219
    OKLAHOMA CITY,OK73116     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    OKLAHOMA CITY NATIONAL MEMORIAL & MUSEUM
    620 N HARVEY AVENUE
    OKLAHOMA CITY,OK73102     		NONE 501(C)(3) GENERAL OPERATIONS 15,000
    OTHER OPTIONS INC
    3636 NW 51ST STREET
    OKLAHOMA CITY,OK73112     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    PARKS IN FOCUS INC
    130 S SCOTT AVENUE
    TUSCON,AZ85701     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    PATHS TO INDEPENDENCE
    4041 SE SHERIDAN ROAD
    BARTLESVILLE,OK74006     		NONE 501(C)(3) GENERAL OPERATIONS 7,500
    PEACEFUL ANIMAL ADOPTION SHELTER
    628 WILSON ST
    VINITA,OK74301     		NONE 501(C)(3) GENERAL OPERATIONS 6,000
    POSITIVE TOMORROWS
    PO BOX 61190
    OKLAHOMA CITY,OK73146     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    REBULDING TOGETHER OKC
    730 W WILSHIRE BLVD
    OKLAHOMA CITY,OK73116     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    REGIONAL FOOD BANK
    3355 S PURDUE AVE
    OKLAHOMA CITY,OK73137     		NONE 501(C)(3) GENERAL OPERATIONS 25,000
    REGIONAL FOOD BANK
    3355 S PURDUE AVE
    OKLAHOMA CITY,OK73137     		NONE 501(C)(3) GENERAL OPERATIONS 25,000
    SPECIAL CARE INC
    12201 N WESTERN AVENUE
    OKLAHOMA CITY,OK73114     		NONE 501(C)(3) GENERAL OPERATIONS 15,000
    TFI FAMILY CONNECTIONS LLC
    1320 HOMESTEAD DRIVE SUITE C
    LAWTON,OK73505     		NONE 501(C)(3) GENERAL OPERATIONS 8,750
    THE CIMMARON ALLIANCE
    5613 N MAY AVENUE SUITE 400
    OKLAHOMA CITYWTON,OK73112     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    UNITED WAY OF CENTRAL OKLAHOMA
    1444 NW 28TH STREET
    OKLAHOMA CITYWTON,OK73106     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    VETERANS CORNER INC
    PO BOX 704
    WASHINGTON,OK73093     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    VINITA MASONIC LODGE
    237 N FOREMAN STREET
    VINITA,OK74301     		NONE 501(C)(3) GENERAL OPERATIONS 9,210
    VINITA PUBLIC LIBRARY
    215 W ILLINOIS AVENUE
    VINITA,OK74301     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    WELCH VOLUNTEER FIRE DEPARTMENT
    124 E THIRD
    WELCH,OK74369     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    WHITE FIELDS
    7127 N COUNTY LINE ROAD
    PIEDMONT,OK73078     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    WILDERNESS MATTERS INC
    1713 HUNTINGTON AVENUE
    OKLAHOMA CITYWTON,OK73116     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    WILL ROGERS ELEMENTARY SCHOOL
    8201 NW 122ND STREET
    OKLAHOMA CITYWTON,OK73142     		NONE 501(C)(3) GENERAL OPERATIONS 25,000
    WILLIAM W BARNES CHILDREN'S ADVOCACY
    213 E 2ND STREET
    CLAREMORE,OK74017     		NONE 501(C)(3) GENERAL OPERATIONS 13,100
    YOUTH SERVICES OF OKLAHOMA COUNTY INC
    201 NE 50TH STREET
    OKLAHOMA CITYWTON,OK73105     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    YWCA
    2460 NW I-44 SERVICE ROAD
    OKLAHOMA CITYWTON,OK73112     		NONE 501(C)(3) GENERAL OPERATIONS 50,000
    Total .................................bullet 3a 525,984
    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....     14 228,570  
    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 .............     		    18 315,182  
    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).. 0 543,752 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13543,752
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    CRESAP FAMILY FOUNDATION
     
    Employer identification number

    20-4760218
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    CRESAP FAMILY FOUNDATION
          		Employer identification number

    20-4760218
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    JOHN D CRESAP  
    1024 E BRITTON ROAD SUITE 100
     
    OKLAHOMA CITY, OK73131

    		$98,638


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

    JOHN D CRESAP  
    1024 E BRITTON ROAD SUITE 100
     
    OKLAHOMA CITY, OK73131

    		$75,370


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

    JOHN D CRESAP  
    1024 E BRITTON ROAD SUITE 100
     
    OKLAHOMA CITY, OK73131

    		$74,934


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

    JOHN D CRESAP  
    1024 E BRITTON ROAD SUITE 100
     
    OKLAHOMA CITY, OK73131

    		$102,738


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

    JOHN D CRESAP  
    1024 E BRITTON ROAD SUITE 100
     
    OKLAHOMA CITY, OK73131

    		$18,212


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
     
     

    JOHN D CRESAP  
    1024 E BRITTON ROAD SUITE 100
     
    OKLAHOMA CITY, OK73131

    		$119,468


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    CRESAP FAMILY FOUNDATION
          		Employer identification number

    20-4760218
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 1,593 SHARES OF TE CONNECTIVITY LTD SWITZERLAND $ 98,638 2014-12-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 890 SHARES OF AUTOMATIC DATA PROCESSING INC $ 75,370 2014-12-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 215 SHARES OF BLACKROCK INC CL A $ 74,934 2014-12-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 1,052 SHARES OF HONEYWELL INTL INC $ 102,738 2014-12-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    5
    		 175 SHARES OF JOHNSON & JOHNSON $ 18,212 2014-12-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    6
    		 2,221 SHARES OF WELLS FARGO & CO NEW COM $ 119,468 2014-12-18
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    CRESAP FAMILY FOUNDATION
          		Employer identification number

    20-4760218
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    CRESAP FAMILY FOUNDATION
    EIN: 20-4760218
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 3,200 1,600   1,600

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    CRESAP FAMILY FOUNDATION
    EIN: 20-4760218
    Name of Bond End of Year Book Value End of Year Fair Market Value
    US TRUST FIXED INCOME 2,196,997 2,196,997

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    CRESAP FAMILY FOUNDATION
    EIN: 20-4760218
    Name of Stock End of Year Book Value End of Year Fair Market Value
    US TRUST EQUITIES 7,886,420 7,886,420

    TY 2014 InvestmentsOtherSchedule2
    Name:
    CRESAP FAMILY FOUNDATION
    EIN: 20-4760218
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    US TRUST HEDGE FUNDS FMV 571,331 571,331
    US TRUST REAL ESTATE FMV 193,199 193,199

    TY 2014 OtherAssetsSchedule
    Name:
    CRESAP FAMILY FOUNDATION
    EIN: 20-4760218
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDENDS 7,051 1,780 1,780


    TY 2014 OtherDecreasesSchedule
    Name:
    CRESAP FAMILY FOUNDATION
    EIN: 20-4760218
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    CRESAP FAMILY FOUNDATION
    EIN: 20-4760218
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MEMBERSHIPS AND DUES 360 0   360
    INVESTMENT EXPENSES 112 112   0
    MEETING EXPENSE 86 0   86


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    CRESAP FAMILY FOUNDATION
    EIN: 20-4760218
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 53,751 0   53,751
    PORTFOLIO MANAGEMENT FEES 60,825 60,825   0


    TY 2014 TaxesSchedule
    Name:
    CRESAP FAMILY FOUNDATION
    EIN: 20-4760218
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX EXPENSE 2,756 0   0
    FOREIGN TAXES 5,185 5,185   0