Form990-PF

Department of the Treasury
Internal Revenue Service

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

Number and street (or P.O. box number if mail is not delivered to street address)1201 CONNECTICUT AVE NW SUITE 300   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20036
A Employer identification number

36-3700897
B Telephone number (see instructions)

(202) 595-1020
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$17,286,891J 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).............. 506,264
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 371,644 368,899  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,274,314
b Gross sales price for all assets on line 6a 7,496,154
7 Capital gain net income (from Part IV, line 2)... 1,274,314
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........ 2,152,222 1,643,213  
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 14,350 0   14,350
c Other professional fees (attach schedule).... Click to see attachment 148,137 50,137   98,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 31,489 6,609   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 31,285 0   31,285
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 9,351 0   8,658
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 234,612 56,746   152,293
25 Contributions, gifts, grants paid........ 678,459 678,459
26 Total expenses and disbursements. Add lines 24 and 25 913,071 56,746   830,752
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,239,151
b Net investment income (if negative, enter -0-) 1,586,467
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...............      
2 Savings and temporary cash investments.......... 246,063 299,696 299,696
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)........ 7,821,611 Click to see attachment8,884,737 11,750,077
c Investments—corporate bonds (attach schedule)........ 4,711,954 Click to see attachment4,775,871 4,631,074
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 648,064 Click to see attachment704,752 606,044
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,427,692 14,665,056 17,286,891
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......... 13,427,692 14,665,056
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)...... 13,427,692 14,665,056
31 Total liabilities and net assets/fund balances (see instructions).. 13,427,692 14,665,056
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 13,427,692
2 Enter amount from Part I, line 27a..................... 2 1,239,151
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 14,666,843
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,787
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 14,665,056
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 AETNA INC P 2014-10-16 2014-11-17
b AGCO CORPORATION P 2014-01-01 2014-02-21
c ALLERGAN INC P 2014-04-21 2014-05-15
d ALLIANCE DATA SYSTEMS CORP P 2014-04-11 2014-04-21
e AMDOCS LIMITED P 2014-02-21 2014-04-11
AMDOCS LIMITED P 2014-02-21 2014-11-17
AMERICAN ELECTRIC POWER CO INC P 2014-02-21 2014-04-11
AMERICAN ELECTRIC POWER CO INC P 2014-02-21 2014-11-17
AMERICAN EXPRESS COMPANY P 2013-08-30 2014-04-11
AMERICAN EXPRESS COMPANY P 2013-08-30 2014-08-21
APPLE COMPUTER INC P 2014-01-01 2014-04-11
APPLE COMPUTER INC P 2014-01-30 2014-11-17
ARCHER DANIELS MIDLAND COMPANY P 2014-09-19 2014-11-17
BABCOCK & WILCOX P 2014-01-01 2014-03-24
BAKER HUGHES INC P 2014-06-20 2014-11-17
BAKER HUGHES INC P 2014-06-20 2014-11-25
BED BATH & BEYOND INC P 2014-01-03 2014-04-11
BED BATH & BEYOND INC P 2014-01-03 2014-11-17
BERKSHIRE HATHAWAY INC P 2013-09-25 2014-03-24
BOEING COMPANY P 2013-09-25 2014-04-11
BOEING COMPANY P 2013-09-25 2014-09-19
CANADIAN NATURAL RESOURCES P 2014-04-21 2014-09-19
CAPITAL ONE FINANCIAL CORP P 2014-08-21 2014-11-17
CATERPILLAR INC P 2014-07-22 2014-11-17
CELGENE CORPORATION P 2013-05-23 2014-04-11
CELGENE CORPORATION P 2014-01-01 2014-04-21
CHIPOTLE MEXICAN GRILL INC P 2014-03-24 2014-04-11
CHIPOTLE MEXICAN GRILL INC P 2014-03-24 2014-11-17
CIGNA CORPORATION P 2013-04-26 2014-01-30
CISCO SYSTEMS INC P 2014-01-01 2014-01-30
COMCAST CORP P 2013-04-26 2014-04-11
CVS CORPORATION P 2014-02-21 2014-04-11
CVS CORPORATION P 2014-02-21 2014-11-17
DOVER CORPORATION P 2014-01-30 2014-03-24
DR PEPPER SNAPPLE GROUP INC P 2014-02-21 2014-04-11
DR PEPPER SNAPPLE GROUP INC P 2014-02-21 2014-11-17
EDWARDS LIFESCIENCES CORP P 2014-08-21 2014-11-17
EOG RES INC P 2014-06-20 2014-11-17
EVEREST RE GROUP LTD P 2013-12-02 2014-04-11
EVEREST RE GROUP LTD P 2013-12-12 2014-11-17
EXELON CORPORATION P 2014-03-24 2014-04-11
EXELON CORPORATION P 2014-03-24 2014-11-17
FIFTH THIRD BANCORP P 2014-03-24 2014-04-11
FIFTH THIRD BANCORP P 2014-03-24 2014-11-17
FOOT LOCKER INC P 2014-08-21 2014-11-17
FRANKLIN RESOURCES INC P 2013-06-24 2014-02-21
GAP INC P 2013-07-19 2014-01-03
HALLIBURTON COMPANY P 2013-11-04 2014-04-11
HEWLETT PACKARD COMPANY P 2014-01-30 2014-04-11
HEWLETT PACKARD COMPANY P 2014-01-30 2014-11-17
HOME DEPOT INC P 2014-10-16 2014-11-17
HUMANA INC P 2014-07-22 2014-10-16
HUNTINGTON INGALLS INDUSTRIES P 2014-01-03 2014-04-11
HUNTINGTON INGALLS INDUSTRIES P 2014-01-03 2014-11-17
JOHNSON & JOHNSON P 2013-08-30 2014-04-11
JOHNSON & JOHNSON P 2014-06-20 2014-11-17
KNOWLES CORPORATION P 2014-01-30 2014-03-07
KNOWLES CORPORATION P 2014-01-30 2014-03-24
LYONDELLBASELL INDUSTRIES P 2014-08-21 2014-11-17
MAGNA INTERNATIONAL INC P 2013-07-19 2014-04-11
MARATHON PETROLEUM CORPORATION P 2014-04-21 2014-11-17
MASTERCARD INC P 2014-01-03 2014-04-11
MASTERCARD INC P 2014-01-03 2014-04-21
MCKESSON HBOC INC P 2014-01-01 2014-06-20
MEDTRONIC INC P 2014-03-24 2014-04-11
MEDTRONIC INC P 2014-03-24 2014-11-17
MERCK & CO INC P 2014-05-15 2014-11-17
MICROSOFT CORPORATION P 2013-07-19 2014-04-11
MICROSOFT CORPORATION P 2014-09-19 2014-11-17
MYLAN LABORATORIES INC P 2013-04-26 2014-03-24
MYLAN LABORATORIES INC P 2013-04-26 2014-04-11
MYLAN LABORATORIES INC P 2013-04-26 2014-04-21
NETAPP INC P 2013-11-04 2014-04-11
NORTHROP GRUMMAN CORP P 2013-07-19 2014-04-11
O REILLY AUTOMOTIVE INC P 2013-11-04 2014-04-11
OSHKOSH TRUCK CORPORATION P 2013-08-30 2014-03-24
OSHKOSH TRUCK CORPORATION P 2013-08-30 2014-04-11
OSHKOSH TRUCK CORPORATION P 2013-08-30 2014-08-21
PACKAGING CORP AMER P 2014-04-11 2014-07-22
PETSMART INC P 2013-12-02 2014-04-11
PETSMART INC P 2013-12-02 2014-07-22
QUALCOMM INC P 2014-01-03 2014-04-11
QUALCOMM INC P 2014-01-03 2014-11-17
QUALCOMM INC P 2014-01-03 2014-11-25
ROCK TENN COMPANY P 2013-07-19 2014-01-30
SKYWORKS SOLUTIONS INC P 2014-07-22 2014-11-17
SKYWORKS SOLUTIONS INC P 2014-07-22 2014-11-25
SOUTHWEST AIRLINES COMPANY P 2013-12-02 2014-04-11
SOUTHWEST AIRLINES COMPANY P 2014-05-15 2014-11-17
SOUTHWEST AIRLINES COMPANY P 2014-05-15 2014-11-25
SYMANTEC CORPORATION P 2014-01-01 2014-01-03
TE CONNECTIVITY LIMITED P 2013-06-24 2014-01-30
TRAVELERS COMPANIES INC P 2014-05-15 2014-11-17
TYSON FOODS INC P 2014-02-21 2014-04-11
TYSON FOODS INC P 2014-01-01 2014-06-20
UGI CORPORATION P 2014-10-16 2014-11-17
UNION PACIFIC CORPORATION P 2014-01-01 2014-01-30
UNION PACIFIC CORPORATION P 2013-04-26 2014-04-11
UNUMPROVIDENT CORPORATION P 2013-05-23 2014-03-24
UNUMPROVIDENT CORPORATION P 2013-05-23 2014-04-11
UNUMPROVIDENT CORPORATION P 2013-05-23 2014-04-21
VERIZON COMMUNICATIONS P 2014-10-16 2014-11-17
VODAFONE GROUP PLC 3.375% 11/24/15 P 2013-05-08 2014-03-26
WELLS FARGO & COMPANY P 2013-07-19 2014-04-11
WELLS FARGO & COMPANY P 2014-06-20 2014-11-17
XEROX CORPORATION P 2014-09-19 2014-11-17
XL GROUP PUBLIC LIMITED COMPANY P 2013-06-24 2014-04-11
XL GROUP PUBLIC LIMITED COMPANY P 2013-06-24 2014-05-15
AES CORPORATION P 2012-02-22 2014-04-11
AES CORPORATION P 2012-02-22 2014-11-17
ALLIANCE DATA SYSTEMS CORP P 2013-01-01 2014-04-21
ALLIANCE DATA SYSTEMS CORP P 2012-08-22 2014-08-21
AMERIPRISE FINANCIAL INC P 2011-04-21 2014-04-11
AMERIPRISE FINANCIAL INC P 2011-04-21 2014-11-17
BOEING COMPANY P 2013-09-25 2014-10-16
CELGENE CORPORATION P 2013-06-24 2014-10-16
CF INDUSTRIES HOLDINGS INC P 2012-03-19 2014-04-11
CF INDUSTRIES HOLDINGS INC P 2013-01-01 2014-08-21
CHEVRON TEXACO INC P 2012-03-19 2014-04-11
CHEVRON TEXACO INC P 2013-01-01 2014-06-20
CISCO SYSTEMS INC P 2012-10-19 2014-01-30
CISCO SYSTEMS INC P 2012-10-19 2014-04-11
CISCO SYSTEMS INC P 2012-10-19 2014-11-17
CITIGROUP INC P 2013-01-18 2014-04-11
CITIGROUP INC P 2013-01-18 2014-05-15
COCA COLA ENTERPRISES INC P 2012-12-21 2014-04-11
COCA COLA ENTERPRISES INC P 2012-12-21 2014-11-17
COMCAST CORP P 2013-01-01 2014-04-11
COMCAST CORP P 2013-01-01 2014-09-19
COMCAST CORP P 2012-01-25 2014-11-17
DELPHI AUTOMOTIVE PLC P 2013-01-01 2014-04-11
DELPHI AUTOMOTIVE PLC P 2012-12-21 2014-11-17
DISCOVER FINL SVCS P 2012-04-27 2014-04-11
DISCOVER FINL SVCS P 2012-04-27 2014-11-17
DUPONT EL NEMOUR 4.875% 4/30/14 P 2010-12-20 2014-04-30
EXXON MOBIL CORP P 2011-03-07 2014-04-11
EXXON MOBIL CORP P 2011-03-07 2014-11-17
EXXON MOBIL CORP P 2013-01-01 2014-11-25
FRANKLIN RESOURCES INC P 2012-12-21 2014-02-21
GAP INC P 2012-11-19 2014-01-03
GOLDMAN SACHS GP 5% 10/01/14 P 2010-11-16 2014-10-01
HALLIBURTON COMPANY P 2013-11-04 2014-11-17
KROGER COMPANY P 2011-07-26 2014-04-11
KROGER COMPANY P 2011-07-26 2014-11-17
KROGER COMPANY P 2011-07-26 2014-11-25
MACYS INC P 2010-12-10 2014-04-11
MACYS INC P 2012-06-25 2014-04-11
MACYS INC P 2010-12-10 2014-11-17
MAGNA INTERNATIONAL INC P 2013-07-19 2014-11-17
MARATHON PETROLEUM CORPORATION P 2012-06-25 2014-04-11
MCKESSON HBOC INC P 2010-03-29 2014-06-20
MCKESSON HBOC INC P 2013-01-01 2014-07-22
MYLAN LABORATORIES INC P 2013-01-18 2014-04-21
MYLAN LABORATORIES INC P 2013-01-18 2014-11-17
NETAPP INC P 2013-11-04 2014-11-17
NORTHROP GRUMMAN CORP P 2013-07-19 2014-11-17
O REILLY AUTOMOTIVE INC P 2013-11-04 2014-11-17
ORACLE CORPORATION P 2006-04-17 2014-04-11
ORACLE CORPORATION P 2006-04-17 2014-11-17
PPG INDUSTRIES INC P 2012-04-27 2014-04-11
PPG INDUSTRIES INC P 2013-01-01 2014-10-16
PACKAGING CORP AMER P 2013-04-26 2014-07-22
RAYTHEON COMPANY P 2004-03-11 2014-01-03
SBC COM 5.625% 6/15/16 P 2012-03-16 2014-07-15
SHELL INTL FIN 4% 3/21/14 P 2010-08-20 2014-03-21
SNAP ON TOOLS CORPORATION P 2011-11-11 2014-11-17
SYMANTEC CORPORATION P 2012-11-19 2014-01-03
TIME WARNER CABLE INC P 2012-05-25 2014-02-21
TJX COMPANIES INC P 2010-12-10 2014-04-11
TJX COMPANIES INC P 2010-12-10 2014-05-15
TRAVELERS COMPANIES INC P 2013-01-01 2014-04-11
TYSON FOODS INC P 2013-04-26 2014-06-20
TYSON FOODS INC P 2013-01-01 2014-11-17
UNION PACIFIC CORPORATION P 2013-04-26 2014-11-17
UNUMPROVIDENT CORPORATION P 2013-03-25 2014-04-21
UNUMPROVIDENT CORPORATION P 2013-03-25 2014-11-17
VANGUARD FTSE EMERGING MARKETS ETF P 2012-04-27 2014-04-11
VERIZON COMM INC 3% 4/01/16 P 2012-03-28 2014-11-24
WAL-MART STORES INC P 2013-01-01 2014-03-24
WAL-MART STORES INC P 2009-07-28 2014-04-11
WAL-MART STORES INC P 2009-07-28 2014-09-19
WAL-MART STORES INC P 2009-07-28 2014-11-17
CAPITAL GAINS 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 7,422   6,477 945
b 171,394   202,262 -30,868
c 172,458   150,164 22,294
d 8,321   8,546 -225
e 27,572   27,119 453
14,291   13,382 909
10,524   10,465 59
4,610   4,115 495
849   717 132
88,045   70,879 17,166
63,881   64,712 -831
35,092   22,182 12,910
12,770   12,770 0
114,329   103,793 10,536
5,797   6,598 -801
77,179   90,875 -13,696
9,518   11,996 -2,478
7,569   8,534 -965
117,583   109,111 8,472
5,519   5,363 156
81,549   75,196 6,353
127,416   127,698 -282
6,215   6,295 -80
5,262   5,729 -467
14,101   12,452 1,649
114,961   96,187 18,774
4,259   4,872 -613
9,230   8,526 704
72,883   54,622 18,261
75,910   73,528 2,382
8,482   7,243 1,239
16,372   15,969 403
9,939   7,913 2,026
58,895   53,989 4,906
10,491   10,512 -21
7,215   5,334 1,881
5,791   4,548 1,243
10,747   13,249 -2,502
15,065   15,065 0
12,202   11,533 669
35,879   33,393 2,486
9,230   8,504 726
9,218   10,048 -830
8,216   9,695 -1,479
4,800   4,592 208
69,734   59,775 9,959
40,721   46,590 -5,869
34,063   31,992 2,071
15,261   13,703 1,558
6,678   5,293 1,385
5,801   5,271 530
81,166   85,597 -4,431
12,802   11,402 1,400
6,358   5,215 1,143
20,370   18,186 2,184
25,109   24,448 661
15   15 0
11,416   10,628 788
13,033   16,884 -3,851
12,285   9,350 2,935
8,416   8,181 235
2,845   3,403 -558
72,190   80,416 -8,226
46,581   32,256 14,325
21,112   20,902 210
9,266   7,912 1,354
7,497   7,050 447
8,591   6,792 1,799
9,164   8,789 375
38,714   22,329 16,385
9,881   6,258 3,623
12,002   7,433 4,569
18,711   19,990 -1,279
706   529 177
17,536   15,288 2,248
51,625   40,510 11,115
7,410   5,917 1,493
41,017   37,915 3,102
1,238   1,268 -30
7,508   8,139 -631
50,832   53,890 -3,058
19,379   18,021 1,358
4,864   5,034 -170
67,427   68,291 -864
61,895   65,920 -4,025
6,584   5,808 776
49,308   40,820 8,488
5,998   4,850 1,148
18,334   11,605 6,729
37,630   24,204 13,426
127,259   119,819 7,440
95,209   73,093 22,116
16,179   14,577 1,602
29,407   27,239 2,168
50,631   53,016 -2,385
5,962   5,586 376
63,975   55,596 8,379
7,698   6,210 1,488
46,167   35,874 10,293
8,215   6,733 1,482
16,644   13,660 2,984
5,837   5,436 401
209,236   212,720 -3,484
33,276   30,421 2,855
23,368   23,189 179
4,292   4,509 -217
16,965   16,203 762
80,869   74,634 6,235
30,468   29,484 984
12,060   12,267 -207
143,413   82,511 60,902
78,010   39,813 38,197
4,231   2,603 1,628
14,512   7,175 7,337
44,288   43,854 434
54,653   35,873 18,780
5,760   4,446 1,314
104,693   70,862 33,831
29,954   28,264 1,690
170,391   141,774 28,617
65,141   54,809 10,332
20,720   16,799 3,921
7,703   5,404 2,299
7,820   7,067 753
68,388   61,191 7,197
23,327   16,166 7,161
13,496   10,017 3,479
13,959   11,514 2,445
45,871   31,543 14,328
14,763   7,080 7,683
27,743   15,097 12,646
15,344   7,777 7,567
25,654   15,816 9,838
16,217   8,540 7,677
200,000   218,456 -18,456
27,493   24,188 3,305
12,653   11,413 1,240
34,198   29,972 4,226
70,103   56,876 13,227
68,014   58,617 9,397
200,000   215,824 -15,824
11,570   12,537 -967
24,963   14,237 10,726
16,163   6,968 9,195
38,559   16,468 22,091
7,386   3,290 4,096
3,779   2,208 1,571
16,281   6,732 9,549
4,676   3,339 1,337
2,175   1,056 1,119
85,182   29,466 55,716
152,885   51,320 101,565
46,821   27,656 19,165
12,942   6,557 6,385
6,962   6,431 531
17,660   11,462 6,198
8,165   5,717 2,448
41,456   14,324 27,132
16,375   5,474 10,901
5,130   2,854 2,276
162,389   92,854 69,535
124,287   86,948 37,339
90,227   30,913 59,314
109,476   116,070 -6,594
100,000   108,240 -8,240
49,643   13,494 36,149
75,631   59,379 16,252
124,075   67,395 56,680
3,553   1,379 2,174
99,322   38,827 60,495
19,630   11,574 8,056
46,345   31,606 14,739
7,723   4,089 3,634
13,626   8,354 5,272
23,369   19,119 4,250
3,313   2,723 590
299,481   309,960 -10,479
155,034   159,276 -4,242
44,353   30,405 13,948
20,829   13,289 7,540
51,328   32,637 18,691
4,754   2,785 1,969
78,283     78,283
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       945
b       -30,868
c       22,294
d       -225
e       453
      909
      59
      495
      132
      17,166
      -831
      12,910
      0
      10,536
      -801
      -13,696
      -2,478
      -965
      8,472
      156
      6,353
      -282
      -80
      -467
      1,649
      18,774
      -613
      704
      18,261
      2,382
      1,239
      403
      2,026
      4,906
      -21
      1,881
      1,243
      -2,502
      0
      669
      2,486
      726
      -830
      -1,479
      208
      9,959
      -5,869
      2,071
      1,558
      1,385
      530
      -4,431
      1,400
      1,143
      2,184
      661
      0
      788
      -3,851
      2,935
      235
      -558
      -8,226
      14,325
      210
      1,354
      447
      1,799
      375
      16,385
      3,623
      4,569
      -1,279
      177
      2,248
      11,115
      1,493
      3,102
      -30
      -631
      -3,058
      1,358
      -170
      -864
      -4,025
      776
      8,488
      1,148
      6,729
      13,426
      7,440
      22,116
      1,602
      2,168
      -2,385
      376
      8,379
      1,488
      10,293
      1,482
      2,984
      401
      -3,484
      2,855
      179
      -217
      762
      6,235
      984
      -207
      60,902
      38,197
      1,628
      7,337
      434
      18,780
      1,314
      33,831
      1,690
      28,617
      10,332
      3,921
      2,299
      753
      7,197
      7,161
      3,479
      2,445
      14,328
      7,683
      12,646
      7,567
      9,838
      7,677
      -18,456
      3,305
      1,240
      4,226
      13,227
      9,397
      -15,824
      -967
      10,726
      9,195
      22,091
      4,096
      1,571
      9,549
      1,337
      1,119
      55,716
      101,565
      19,165
      6,385
      531
      6,198
      2,448
      27,132
      10,901
      2,276
      69,535
      37,339
      59,314
      -6,594
      -8,240
      36,149
      16,252
      56,680
      2,174
      60,495
      8,056
      14,739
      3,634
      5,272
      4,250
      590
      -10,479
      -4,242
      13,948
      7,540
      18,691
      1,969
      78,283
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 1,274,314
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 725,594 15,296,079 0.047437
2012 652,906 13,848,565 0.047146
2011 656,191 13,005,250 0.050456
2010 571,917 12,448,205 0.045944
2009 558,069 11,329,901 0.049256
2 Total of line 1, column (d) ...................... 2 0.240239
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 0.048048
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 16,661,688
5 Multiply line 4 by line 3....................... 5 800,561
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 15,865
7 Add lines 5 and 6......................... 7 816,426
8 Enter qualifying distributions from Part XII, line 4.............. 8 830,752
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 15,865
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 15,865
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 15,865
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 22,500
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 18,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 41,000
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 25,135
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet7,500 RefundedBullet 11 17,635
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)
    bulletIL
    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 addressbulletTHEPALMERFOUNDATION.ORG
    14
    The books are in care ofbulletARABELLA ADVISORS Telephone no.bullet (202) 595-1020
    Located atbullet1201 CONNECTICUT AVE NW 300WASHINGTONDC ZIP+4bullet20036
    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
    150
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    MARY P ENROTH CHAIRMAN
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    MATTHEW LISCHICK DIRECTOR
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    JAY L OWEN SECRETARY
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    KAREN E LISCHICK PRESIDENT
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    SUSAN L ENROTH VICE PRESIDENT
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    CARL ENROTH DIRECTOR
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    PETER LISCHICK TREASURER
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    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
    ARABELLA ADVISORS CONSULTING SERVICES 98,000
    1201 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20036
    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
    16,573,960
    b
    Average of monthly cash balances.......................
    1b
    341,459
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,915,419
    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
    16,915,419
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    253,731
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    16,661,688
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    833,084
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    833,084
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    15,865
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,865
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    817,219
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    817,219
    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
    817,219
    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
    830,752
    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
    830,752
    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
    15,865
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    814,887
    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 7 817,219
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 18,968
    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$ 830,752
    a Applied to 2013, but not more than line 2a 18,968
    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..... 811,784
    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 ..........     		5,435
    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....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    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).)
    MARY P ENROTH
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AFRICAN LIBRARY PROJECT
    5 THISTLE STREET
    PORTOLA VALLEY,CA94028     		NONE PUBLIC GENERAL 2,500
    ALLIANCE FOR THE GREAT LAKES
    150 NORTH MICHIGAN AVENUE SUITE 700
    CHICAGO,IL60601     		NONE PUBLIC GENERAL 25,000
    ARLINGTON FREE CLINIC
    2921 11TH STREET SOUTH
    ALRINGTON,VA22204     		NONE PUBLIC GENERAL 5,000
    ASANTE MARIAMU FOUNDATION
    3525 SOUTH 8TH STREET
    ARLINGTON,VA22204     		NONE PUBLIC GENERAL 18,000
    CAROLINA PHILHARMONIC
    5 MARKET SQUARE
    PINEHURST,NC28374     		NONE PUBLIC GENERAL 30,000
    DC FIREFIGHTERS BURN FOUNDATION
    PO BOX 4565
    WASHINGTON,DC20017     		NONE PUBLIC GENERAL 1,000
    EDU-FUTURO
    2110 WASHINGTON BLVD SYPHAX BLDG
    2ND FLOOR
    ARLINGTON,VA22204     		NONE PUBLIC GENERAL 8,000
    EMPOWERED WOMEN INTERNATIONAL
    320 SOUTH HENRY STREET
    ALEXANDRA,VA22314     		NONE PUBLIC GENERAL 20,000
    FOKUS INTERNATIONAL
    300 MOSS HILL LANE
    SALISBURY,MD21804     		NONE PUBLIC GENERAL 8,000
    GEORGETOWN UNIVERSITY
    37TH AND O STREETS NW
    WASHINGTON,DC20057     		NONE PUBLIC GENERAL 5,000
    HABITAT FOR HUMANITY INTERNATIONAL
    270 PEACHTREE STREET NW
    ATLANTA,GA30303     		NONE PUBLIC GENERAL 32,500
    HABITAT FOR HUMANITY OF THE NC SANDHILLS
    2268 N 5 HIGHWAY
    ABERDEEN,NC28315     		NONE PUBLIC GENERAL 15,359
    HOFFMAN INSTITUTE FOUNDATION
    1299 FOURTH STREET STE 600
    SAN RAFAEL,CA94901     		NONE PUBLIC GENERAL 25,000
    INTEGRATIVE HEALTH INITIATIVE DBA HEALWELL
    4201 WILSON BLVD 110-341
    ARLINGTON,VA22204     		NONE PUBLIC GENERAL 5,000
    INTERNATIONAL ACTION
    PO BOX 15188
    WASHINGTON,DC20077     		NONE PUBLIC GENERAL 30,000
    KEMPER CENTER INC
    6501 3RD AVENUE
    KENOSHA,WI53143     		NONE PUBLIC GENERAL 20,100
    LAKE FOREST SYMPHONY INC
    900 NORTH SHORE DRIVE SUITE 109A
    LAKE BLUFF,IL60044     		NONE PUBLIC GENERAL 30,000
    LAKEVIEW TECHNOLOGY ACADEMY
    9449 88TH AVENUE
    PLEASANT PRAIRIE,WI53158     		NONE PUBLIC GENERAL 77,000
    LIVING WATER INTERNATIONAL
    4001 GREENBRIAR DRIVE
    STAFFORD,TX77477     		NONE PUBLIC GENERAL 6,000
    MONTGOMERY COMMUNITY COLLEGE
    1011 PAGE STREET
    TROY,NC27371     		NONE PUBLIC GENERAL 50,000
    MOSS CREEK MARINES
    25 TOPPIN DRIVE
    HILTON HEAD,SC29926     		NONE PUBLIC GENERAL 40,000
    NORTHERN MOORE FAMILY RESOURCE CENTER
    PO BOX 190
    ROBBINS,NC27325     		NONE PUBLIC GENERAL 15,000
    PROJECT CONCERN INTERNATIONAL
    5151 MURPHY CANYON ROAD SUITE 320
    SAN DIEGO,CA92123     		NONE PUBLIC GENERAL 30,000
    RAGDALE FOUNDATION
    1260 NORTH GREEN BAY ROAD
    LAKE FOREST,IL60045     		NONE PUBLIC GENERAL 5,000
    THE CHILD AND FAMILY FOUNDATION
    104C WILLIAMSPORT CIRCLE
    SALISBURY,MD21804     		NONE PUBLIC GENERAL 5,000
    THE CROHN'S & COLITIS FOUNDATION
    386 PARK AVENUE SOUTH
    NEW YORK,NY10016     		NONE PUBLIC GENERAL 5,000
    THE MIRACLE FOUNDATION
    1506 WEST 6TH STREET
    AUSTIN,TX78703     		NONE PUBLIC GENERAL 36,000
    THE NEO FUND
    13407 117TH AVENUE CT E
    PUYALLUP,WA98374     		NONE PUBLIC GENERAL 50,000
    TREES FOR THE FUTURE
    1400 SPRING STREET SUITE 150
    SILVER SPRING,MD20910     		NONE PUBLIC GENERAL 60,000
    WESTSIDE INTERMEDIATE SCHOOL
    8000 QUANTICO ROAD
    HEBRON,MD21830     		NONE PUBLIC GENERAL 3,000
    WRITE ON DOOR COUNTY
    PO BOX 457
    FISH CREEK,WI54212     		NONE PUBLIC GENERAL 16,000
    Total .................................bullet 3a 678,459
    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....     14 371,644  
    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 1,274,314  
    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 1,645,958 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,645,958
    (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
    THE PALMER FOUNDATION
     
    Employer identification number

    36-3700897
    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
    THE PALMER FOUNDATION
          		Employer identification number

    36-3700897
    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
     
     

    MARY P ENROTH  
    1201 CONNECTICUT AVE NW 300
     
    WASHINGTON, DC20036

    		$500,064


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

    KAREN WALTER LISCHICK  
    1201 CONNECTICUT AVE NW 300
     
    WASHINGTON, DC20036

    		$600


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

    CAROL ENROTH  
    1201 CONNECTICUT AVE NW 300
     
    WASHINGTON, DC20036

    		$5,000


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

    SUSAN L ENROTH  
    1201 CONNECTICUT AVE NW 300
     
    WASHINGTON, DC20036

    		$600


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

       
     
     

    		$  


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

       
     
     

    		$  


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

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

    36-3700897
    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
    		 1,134 SHS OF EXXON MOBIL CORPORATION $ 106,721 2014-12-23
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 4,080 SHS OF WELLS FARGO & CO $ 225,828 2014-12-23
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 1,000 SHS OF 3M CO $ 167,515 2014-12-23
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

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

    36-3700897
    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:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION & AUDIT FEES 14,350 0   14,350

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Name of Bond End of Year Book Value End of Year Fair Market Value
    250000 AFLAC INC 2.65 2/15/17 263,505 257,228
    150000 ASSURANT INC 2.5 3/15/18 151,833 151,443
    100000 AT&T INC 2.375 11/27/18 102,213 100,775
    300000 BOEING CAPITAL CORP 2.9 8/15/18 321,795 312,159
    100000 BOSTON PROPERTIES LP 5.875 10/15/19 115,727 114,542
    200000 BOTTLING GROUP LLC 4.125 6/15/15 219,450 203,218
    100000 CATERPILLAR FINANCIAL 2.65 4/1/16 105,375 102,408
    200000 CISCO SYSTEMS INC 4.95 2/15/19 224,734 223,524
    200000 DUPONT EI NEMOUR 4.875 04/30/14 0 0
    150000 DUPONT EI NEMOUR 5.75 3/15/19 174,026 171,438
    250000 GENERAL ELEC CAP CORP 2.9 1/9/17 264,945 258,707
    200000 GOLDMAN SACHS GROUP 5.00 10/01/14 0 0
    250000 JOHN DEERE CAP CORP 2.8 9/18/17 267,625 259,790
    300000 JPMORGAN CHASE & CO 3.15 7/5/16 318,776 308,382
    100000 OCCIDENTAL PETRO CORP 2.5 2/1/16 105,600 101,623
    200000 PROCTER & GAMBLE CO 3.5 2/15/15 210,351 200,728
    100000 SBC COMMUNICATIONS 5.625 6/15/16 0 0
    100000 SHELL INTL FIN 4.00 03/21/14 0 0
    200000 TOYOTA MOTOR CR CORP 2.8 1/11/16 211,706 204,342
    150000 VERIZON COMMUNICATIONS 3.0 4/1/16 0 0
    200000 VIACOM INC 4.25 9/15/15 215,470 204,708
    200000 VIRGINIA ELEC & POWER 5.0 6/30/19 224,422 224,074
    200000 VODAFONE GROUP 3.375 11/24/15 0 0
    100000 WELLS FARGO & CO 3.676 6/15/16 106,692 103,730
    100000 BP CAPITAL MARKETS 3.2 3/11/16 107,041 102,696
    100000 RIO TINTO FIN 2.25 12/14/18 101,548 100,202
    150000 TEVA PHARMA FIN 3.00 6/15/15 158,462 151,425
    100000 TOTAL CAPITAL SA 3.125 10/2/15 104,575 101,906
    77690.883 HARTFORD FLOATING RATE FUND 700,000 672,026

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Name of Stock End of Year Book Value End of Year Fair Market Value
    12292 AES CORP 155,385 169,261
    1208 AETNA INC 89,933 107,307
    3317 AGCO CORP 0 0
    877 ALLIANCE DATA SYSTEMS CORP 0 0
    4123 AMDOCS LTD ORD 182,456 192,358
    1103 AMERICAN ELEC PWR INC 56,035 66,974
    998 AMERICAN EXPRESS CO 0 0
    1579 AMERIPRISE FINANCIAL INC 88,295 208,823
    4248 APPLE INC 117,500 468,894
    4083 ARCHER DANIELS MIDLAND CO 212,547 212,316
    3484 BABCOCK & WILCOX 0 0
    1439 BED BATH & BEYOND INC 115,853 109,609
    942 BERKSHIRE HATHAWAY INC 0 0
    1044 BOEING CO 0 0
    1043 CAPITAL ONE FINANCIAL CORP 85,263 86,100
    728 CATERPILLAR INC 80,208 66,634
    1546 CHEVRON CORPORATION 0 0
    1224 CELGENE CORP 0 0
    429 CF INDUSTRIES HOLDINGS INC 0 0
    188 CHIPOTLE MEXICAN GRILL INC 114,496 128,688
    830 CIGNA CORP 0 0
    4032 CISCO SYSTEMS INC 74,108 112,150
    1642 CITIGROUP INC 0 0
    4312 COCA COLA ENTERPRISES INC 105,698 190,677
    3759 COMCAST CORP - CL A 93,607 218,060
    2153 CVS HEALTH CORP 141,402 207,355
    3429 DISCOVER FINL SVCS 107,692 224,565
    1394 DR PEPPER SNAPPLE GROUP INC 72,188 99,922
    634 EDWARDS LIFESCIENCES CORP 62,683 80,759
    1498 EOG RES INC 177,200 137,921
    1140 EVEREST RE GROUP LIMITED 168,378 194,142
    3589 EXELON CORP 117,382 133,080
    2589 EXXON MOBIL CORP 164,593 239,353
    5633 FIFTH THIRD BANCORP 132,870 114,772
    1183 FOOT LOCKER INC 62,437 66,461
    2657 FRANKLIN RESOURCES INC 0 0
    2753 GAP INC 0 0
    1055 GILEAD SCIENCES INC 104,704 99,444
    3180 HALLIBURTON CO 168,278 125,069
    1177 HCA HOLDINGS INC 81,756 86,380
    2458 HEWLETT PACKARD CO 72,280 98,639
    851 HOME DEPOT INC 76,023 89,329
    847 HUNTINGTON INGALLS INDUSTRIES 74,863 95,254
    3184 JOHNSON & JOHNSON 305,752 332,951
    3140 KROGER CO 73,001 201,619
    3632 MACY'S INC 92,616 238,804
    643 MAGNA INTERNATIONAL INC 47,717 69,888
    1238 MARATHON PETROLEUM CORP 66,993 111,742
    1470 MCKESSON CORP 0 0
    1808 MEDTRONIC INC 104,169 130,538
    1699 MERCK & CO INC 95,057 96,486
    2558 MICROSOFT CORP 95,350 118,819
    3213 MYLAN INC 90,028 181,117
    2262 NETAPP INC 87,630 93,760
    1759 NORTHROP GRUMMAN CORP 103,850 259,259
    635 O'REILLY AUTOMOTIVE INC 78,924 122,314
    5472 ORACLE CORP 75,076 246,076
    1853 OSHKOSH CORP 0 0
    1908 PACKAGING CORP OF AMERICA 0 0
    846 PETSMART INC 0 0
    934 PPG INDUSTRIES INC 0 0
    1016 RAYTHEON CO 0 0
    605 ROCK TENN CO 0 0
    721 SKYWORKS SOLUTIONS INC 39,138 52,424
    3630 SNAP ON INC 132,386 496,366
    5418 SOUTHWEST AIRLINES CO 102,844 229,290
    8791 SYMANTEC CORPORATION 0 0
    1648 TE CONNECTIVITY LIMITED 0 0
    880 TIME WARNER CABLE INC 0 0
    1779 TJX COS INC 0 0
    2176 TRAVELERS COMPANIES INC 138,824 230,330
    2493 TYSON FOODS INC 54,721 99,944
    2199 UGI CORP 76,302 83,518
    1559 UNION PAC CORP 100,687 185,724
    1365 UNUMPROVIDENT CORP 37,551 47,611
    1581 VERIZON COMMUNICATIONS 75,395 73,959
    778 WAL MART STORES INC 38,011 66,815
    10107 WELLS FARGO & CO 427,098 554,066
    4391 XEROX CORP 61,679 60,859
    3089 XL GROUP PUBLIC LIMITED COMPANY 0 0
    1000 3M CO 167,515 164,320
    20712.939 ABERDEEN EMERGING MARKETS FUND 309,452 279,417
    2952 DELPHI AUTOMOTIVE PLC 100,683 214,669
    10565 ISHARES MSCI EAFE ETF 582,328 642,775
    7000 ISHARES MSCI EMERGING MKT 299,039 275,030
    21998.639 JOHCM GLOBAL EQUITY FUND 300,502 299,841
    2081 LYONDELLBASELL INDUSTRIES NV 209,074 165,211
    11859.923 OAKMARK INTERNATIONAL FUND 309,612 276,811
    15428 VANGUARD FTSE EMERGING MARKETS 649,620 617,428

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    11684.912 COLUMBIA ACORN FUND AT COST 341,134 373,333
    51944.449 PIMCO COMM REALRETURN STRATEGY AT COST 363,618 232,711

    TY 2014 OtherDecreasesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES & POSTAGE 756 0   756
    DIRECTORS INSURANCE 1,628 0   1,628
    MEMBERSHIP FEES 3,850 0   3,850
    FILING AND REGISTRATION FEES 693 0   0
    SOFTWARE LICENSE FEES 2,424 0   2,424


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK INVESTMENT MANAGEMENT FEES 50,137 50,137   0
    EXECUTIVE MANAGEMENT & CONSULTING FEES 98,000 0   98,000


    TY 2014 TaxesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN: 36-3700897
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 24,880 0   0
    FOREIGN TAX 6,609 6,609   0