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 K A ZANKEL FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)333 GRANT AVENUE NO 704   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN FRANCISCO, CA94108
A Employer identification number

20-6667302
B Telephone number (see instructions)

(415) 834-0191
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$12,360,393J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 174,623 174,623  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 682,133
b Gross sales price for all assets on line 6a 1,724,486
7 Capital gain net income (from Part IV, line 2)... 682,133
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)....... Click to see attachment -2,442 -2,442  
12 Total. Add lines 1 through 11........ 854,314 854,314  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 6,000   54,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,778 178   1,600
b Accounting fees (attach schedule)....... Click to see attachment 7,500 750   6,750
c Other professional fees (attach schedule).... Click to see attachment 102,329 102,329   0
17 Interest............... 3,494 3,494   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 19,881 1,723   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,894 0   3,894
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 31,127 31,127   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 230,003 145,601   66,244
25 Contributions, gifts, grants paid........ 557,200 557,200
26 Total expenses and disbursements. Add lines 24 and 25 787,203 145,601   623,444
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 67,111
b Net investment income (if negative, enter -0-) 708,713
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............... 481,777 361,188 361,188
2 Savings and temporary cash investments.......... 39,777 27,080 27,080
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)........ 2,417,808 Click to see attachment2,268,863 3,880,974
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,876,645 Click to see attachment5,142,505 7,894,204
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment80,414 Click to see attachment167,464 Click to see attachment196,947
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,896,421 7,967,100 12,360,393
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) Click to see attachment0 Click to see attachment3,568
23 Total liabilities (add lines 17 through 22).......... 0 3,568
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 7,896,421 7,963,532
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 7,896,421 7,963,532
31 Total liabilities and net assets/fund balances (see instructions).. 7,896,421 7,967,100
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 7,896,421
2 Enter amount from Part I, line 27a..................... 2 67,111
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 7,963,532
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,963,532
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 80 SHS ALLERGAN INC P 2014-08-20 2014-11-21
b 10 SHS ALLERGAN INC P 2014-08-25 2014-11-21
c 40 SHS ALLERGAN INC P 2014-08-25 2014-12-02
d 30 SHS ALLERGAN INC P 2014-09-23 2014-12-18
e 10 SHS ALLERGAN INC P 2014-09-23 2014-12-22
40 SHS ALLERGAN INC P 2014-09-24 2014-12-26
40 SHS ALLERGAN INC P 2014-09-25 2014-12-29
140 SHS ABBOTT LABORATORIES P 2014-04-16 2014-12-22
45 SHS ALEXION PHARMACEUTICALS INC P 2013-02-22 2014-01-22
15 SHS ALEXION PHARMACEUTICALS INC P 2013-02-22 2014-02-10
35 SHS ALEXION PHARMACEUTICALS INC P 2013-03-04 2014-02-10
20 SHS ALEXION PHARMACEUTICALS INC P 2013-03-04 2014-03-21
5 SHS ALEXION PHARMACEUTICALS INC P 2013-03-04 2014-12-22
45 SHS ALEXION PHARMACEUTICALS INC P 2013-04-25 2014-12-22
25 SHS AFFILIATED MANAGERS GROUP INC P 2014-12-02 2014-12-22
50 SHS ALIBABA GROUP HOLDING LTD P 2014-09-23 2014-12-22
15 SHS BAIDU INC P 2014-11-21 2014-12-22
17 SHS BIOGEN INC P 2013-11-05 2014-02-10
20 SHS BIOGEN INC P 2013-11-05 2014-01-24
3 SHS BIOGEN INC P 2013-11-06 2014-02-10
10 SHS BIOGEN INC P 2013-11-06 2014-03-19
13 SHS BIOGEN INC P 2013-11-06 2014-03-20
10 SHS BIOGEN INC P 2013-11-06 2014-12-22
14 SHS BIOGEN INC P 2013-11-19 2014-12-22
15 SHS BLACKROCK INC P 2013-04-25 2014-02-10
10 SHS BLACKROCK INC P 2013-04-29 2014-02-10
7 SHS BLACKROCK INC P 1919-04-29 2014-10-27
18 SHS BLACKROCK INC P 2013-05-01 2014-10-27
28 SHS BLACKROCK INC P 2013-05-03 2014-12-02
12 SHS BLACKROCK INC P 2013-05-03 2014-12-03
8 SHS BLACKROCK INC P 2013-05-09 2014-12-03
9 SHS BLACKROCK INC P 2013-05-09 2014-12-22
1 SHS BLACKROCK INC P 1916-05-15 2014-12-22
150 SHS CELGENE CORP P 2006-07-17 2014-12-22
50 SHS CELGENE CORP P 2006-07-17 2014-09-19
90 SHS CELGENE CORP P 2006-07-17 2014-02-10
100 SHS COMCAST CORP P 2014-04-09 2014-12-22
70 SHS COGNIZANT TECHNOLOGY SOLUTIONS P 2013-09-20 2014-02-10
20 SHS COGNIZANT TECHNOLOGY SOLUTIONS P 2013-09-23 2014-02-10
120 SHS COGNIZANT TECHNOLOGY SOLUTIONS P 2013-09-23 2014-12-22
50 SHS COGNIZANT TECHNOLOGY SOLUTIONS P 2013-09-25 2014-12-22
130 SHS DOLLAR GENERAL CORPORATION P 2011-05-06 2014-02-10
45 SHS DOLLAR GENERAL CORPORATION P 2011-05-06 2014-05-20
55 SHS DOLLAR GENERAL CORPORATION P 2011-05-11 2014-06-09
65 SHS DOLLAR GENERAL CORPORATION P 2013-05-11 2014-05-20
5 SHS DOLLAR GENERAL CORPORATION P 2011-06-01 2014-06-18
95 SHS DOLLAR GENERAL CORPORATION P 2011-06-01 2014-06-09
110 SHS DOLLAR GENERAL CORPORATION P 2011-08-24 2014-06-18
75 SHS DOLLAR GENERAL CORPORATION P 2012-06-05 2014-06-18
55 SHS DOLLAR GENERAL CORPORATION P 2012-06-05 2014-12-22
5 SHS DOLLAR GENERAL CORPORATION P 2012-12-11 2014-12-22
50 SHS DISCOVERY COMMUNICATIONS INC P 2011-04-27 2014-01-08
10 SHS DISCOVERY COMMUNICATIONS INC P 2011-04-28 2014-01-08
60 SHS DISCOVERY COMMUNICATIONS INC P 2011-04-28 2014-02-10
10 SHS DISCOVERY COMMUNICATIONS INC P 2011-05-02 2014-02-10
50 SHS DISCOVERY COMMUNICATIONS INC P 2011-05-02 2014-05-09
110 SHS DISCOVERY COMMUNICATIONS INC P 2011-05-02 2014-12-22
30 SHS DISCOVERY COMMUNICATIONS INC P 2012-02-03 2014-12-22
80 SHS DOLLAR TREE INC P 2014-07-31 2014-12-22
400 SHS AIRBUS GROUP P 2013-07-24 2014-02-10
50 SHS AIRBUS GROUP P 2013-07-26 2014-02-10
550 SHS AIRBUS GROUP P 2013-07-26 2014-10-16
200 SHS AIRBUS GROUP P 2013-07-29 2014-10-16
190 SHS AIRBUS GROUP P 2013-07-31 2014-10-16
370 SHS AIRBUS GROUP P 2013-07-31 2014-10-22
360 SHS AIRBUS GROUP P 2013-08-02 2014-10-22
90 SHS AIRBUS GROUP P 2013-08-07 2014-10-22
190 SHS AIRBUS GROUP P 2013-08-07 2014-10-23
220 SHS AIRBUS GROUP P 2013-09-12 2014-10-23
140 SHS AIRBUS GROUP P 2013-09-12 2014-10-24
280 SHS AIRBUS GROUP P 2013-10-08 2014-10-24
10 SHS EBAY INC P 2012-06-20 2014-01-23
120 SHS EBAY INC P 2012-07-19 2014-01-23
120 SHS EBAY INC P 2012-07-19 2014-02-10
90 SHS EBAY INC P 2012-07-19 2014-05-27
140 SHS EBAY INC P 2012-07-19 2014-05-29
50 SHS EBAY INC P 2012-07-19 2014-07-31
145 SHS EBAY INC P 2012-08-06 2014-07-31
5 SHS EBAY INC P 2012-08-06 2014-08-01
85 SHS EBAY INC P 2012-08-24 2014-08-01
25 SHS EBAY INC P 2012-08-24 2014-08-04
160 SHS EBAY INC P 2012-08-31 2014-08-04
40 SHS ECOLAB INC P 2012-05-01 2014-02-10
40 SHS ECOLAB INC P 2012-08-06 2014-03-25
50 SHS ECOLAB INC P 2012-08-06 2014-03-28
50 SHS ECOLAB INC P 2012-09-19 2014-04-22
20 SHS ECOLAB INC P 2012-09-19 2014-06-25
40 SHS ECOLAB INC P 2012-12-19 2014-06-25
40 SHS ECOLAB INC P 2012-12-19 2014-06-26
60 SHS ECOLAB INC P 2014-02-21 2014-06-26
140 SHS ESTEE LAUDER COMPANIES INC P 2012-12-06 2014-02-06
70 SHS ESTEE LAUDER COMPANIES INC P 2012-12-07 2014-02-06
10 SHS ESTEE LAUDER COMPANIES INC P 2012-12-19 2014-02-07
90 SHS ESTEE LAUDER COMPANIES INC P 2012-12-19 2014-02-06
60 SHS ESTEE LAUDER COMPANIES INC P 2013-03-18 2014-02-07
50 SHS ESTEE LAUDER COMPANIES INC P 2013-04-08 2014-02-07
30 SHS ESTEE LAUDER COMPANIES INC P 2013-04-08 2014-02-10
90 SHS ESTEE LAUDER COMPANIES INC P 2013-06-25 2014-02-10
13 SHS GOOGLE INC P 2009-02-04 2014-12-22
2 SHS GOOGLE INC P 2012-03-01 2014-12-22
7 SHS GOOGLE INC P 2008-04-18 2014-02-10
1 SHS GOOGLE INC P 2009-02-04 2014-02-10
7 SHS INTUITIVE SURGICAL INC P 2010-09-15 2014-02-10
8 SHS INTUITIVE SURGICAL INC P 2010-10-20 2014-02-10
12 SHS INTUITIVE SURGICAL INC P 2010-10-20 2014-04-04
12 SHS INTUITIVE SURGICAL INC P 2012-12-20 2014-04-04
3 SHS INTUITIVE SURGICAL INC P 2012-12-20 2014-04-09
17 SHS INTUITIVE SURGICAL INC P 2012-12-27 2014-04-09
8 SHS INTUITIVE SURGICAL INC P 2013-03-05 2014-04-09
6 SHS INTUITIVE SURGICAL INC P 2013-03-15 2014-04-09
10 SHS INTUITIVE SURGICAL INC P 2013-03-15 2014-04-16
12 SHS INTUITIVE SURGICAL INC P 2013-05-24 2014-04-16
7 SHS INTUITIVE SURGICAL INC P 2014-01-23 2014-04-16
3 SHS INTUITIVE SURGICAL INC P 2014-03-28 2014-04-16
7 SHS INTUITIVE SURGICAL INC P 2014-03-28 2014-04-16
170 SHS INVESCO LTD P 2013-11-22 2014-02-10
20 SHS INVESCO LTD P 2013-11-22 2014-12-22
130 SHS INVESCO LTD P 2013-11-25 2014-12-22
30 SHS LAS VEGAS SANDS CORP P 2011-10-11 2014-02-10
100 SHS LAS VEGAS SANDS CORP P 2011-10-11 2014-01-22
40 SHS LAS VEGAS SANDS CORP P 2012-02-02 2014-02-10
60 SHS LAS VEGAS SANDS CORP P 2012-02-02 2014-12-22
10 SHS LAS VEGAS SANDS CORP P 2012-04-26 2014-12-22
70 SHS MASTERCARD INCORPORATED P 2013-09-06 2014-12-22
90 SHS MASTERCARD INCORPORATED P 2013-09-06 2014-02-10
80 SHS MONSTER BEVERAGE CORP P 2013-06-06 2014-02-10
10 SHS MONSTER BEVERAGE CORP P 2013-06-06 2014-03-13
60 SHS MONSTER BEVERAGE CORP P 2013-06-07 2014-03-13
20 SHS MONSTER BEVERAGE CORP P 2013-06-07 2014-10-28
70 SHS MONSTER BEVERAGE CORP P 2013-06-10 2014-11-04
20 SHS MONSTER BEVERAGE CORP P 2013-06-10 2014-10-28
70 SHS MONSTER BEVERAGE CORP P 2013-06-12 2014-11-06
20 SHS MONSTER BEVERAGE CORP P 2013-06-12 2014-12-22
35 SHS MONSTER BEVERAGE CORP P 2013-06-27 2014-12-22
60 SHS MONSANTO CO P 2011-12-14 2014-02-10
20 SHS MONSANTO CO P 2011-12-20 2014-02-10
50 SHS MONSANTO CO P 2011-12-20 2014-07-25
10 SHS MONSANTO CO P 2012-02-23 2014-07-25
50 SHS MONSANTO CO P 2012-02-23 2014-09-25
10 SHS MONSANTO CO P 2012-04-27 2014-09-25
50 SHS MONSANTO CO P 2012-04-27 2014-12-22
40 SHS NXP SEMICONDUCTORS P 2014-12-15 2014-12-22
5 SHS PRICELINE GROUP INC (THE) P 2013-10-15 2014-12-22
7 SHS PRICELINE GROUP INC (THE) P 2013-10-15 2014-02-10
2 SHS PRICELINE GROUP INC (THE) P 2013-10-21 2014-12-22
20 SHS PRECISION CASTPARTS CORP P 2012-11-28 2014-02-10
2 SHS PRECISION CASTPARTS CORP P 2012-11-28 2014-04-24
18 SHS PRECISION CASTPARTS CORP P 2012-12-17 2014-04-24
14 SHS PRECISION CASTPARTS CORP P 2012-12-17 2014-12-22
8 SHS PRECISION CASTPARTS CORP P 2012-12-17 2014-10-14
20 SHS PRECISION CASTPARTS CORP P 2013-07-31 2014-12-22
45 SHS PERRIGO COMPANY PLC P 2014-06-18 2014-12-22
10 SHS PRAXAIR INC P 2013-04-22 2014-01-30
20 SHS PRAXAIR INC P 2013-04-29 2014-01-31
20 SHS PRAXAIR INC P 2013-04-29 2014-01-30
40 SHS PRAXAIR INC P 2013-05-01 2014-01-31
10 SHS PRAXAIR INC P 2013-06-10 2014-01-31
40 SHS PRAXAIR INC P 2013-06-10 2014-02-03
40 SHS PRAXAIR INC P 2013-07-24 2014-02-03
20 SHS REGENERON PHARMACEUTICALS INC P 2013-12-20 2014-02-10
15 SHS REGENERON PHARMACEUTICALS INC P 2013-12-20 2014-12-22
4 SHS REGENERON PHARMACEUTICALS INC P 2013-12-23 2014-12-22
220 SHS ROLLS ROYCE HOLDINGS PLC P 2014-01-06 2014-01-17
220 SHS SAFRAN SA P 2014-03-17 2014-12-22
30 SHS SAFRAN SA P 2014-03-18 2014-12-22
100 SHS STARBUCKS CORP P 2014-01-23 2014-12-22
90 SHS STARBUCKS CORP P 2014-01-23 2014-02-10
140 SHS SWATCH GROUP AG (THE) P 2013-11-27 2014-02-10
30 SHS SWATCH GROUP AG (THE) P 2013-11-29 2014-02-10
90 SHS SWATCH GROUP AG (THE) P 2013-11-29 2014-05-30
30 SHS SWATCH GROUP AG (THE) P 2013-11-29 2014-06-02
50 SHS SWATCH GROUP AG (THE) P 2013-12-02 2014-06-02
60 SHS SWATCH GROUP AG (THE) P 2013-12-02 2014-08-14
80 SHS SWATCH GROUP AG (THE) P 2013-12-03 2014-08-14
20 SHS SWATCH GROUP AG (THE) P 2013-12-03 2014-08-18
100 SHS SWATCH GROUP AG (THE) P 2013-12-05 2014-08-18
60 SHS SWATCH GROUP AG (THE) P 2013-12-09 2014-08-18
60 SHS SWATCH GROUP AG (THE) P 2013-12-09 2014-08-19
120 SHS SWATCH GROUP AG (THE) P 2013-12-11 2014-08-19
20 SHS SWATCH GROUP AG (THE) P 2013-12-11 2014-08-20
70 SHS SWATCH GROUP AG (THE) P 2014-02-06 2014-08-21
60 SHS SWATCH GROUP AG (THE) P 2014-02-06 2014-08-20
10 SHS SWATCH GROUP AG (THE) P 2014-02-10 2014-08-21
30 SHS SWATCH GROUP AG (THE) P 2014-02-10 2014-08-21
120 SHS SWATCH GROUP AG (THE) P 2014-02-10 2014-08-21
20 SHS TENCENT HOLDINGS LIMITED P 2010-11-11 2014-01-10
50 SHS TENCENT HOLDINGS LIMITED P 2010-11-11 2014-01-06
70 SHS TENCENT HOLDINGS LIMITED P 2010-11-11 2014-01-07
50 SHS TENCENT HOLDINGS LIMITED P 2010-11-16 2014-01-10
80 SHS TENCENT HOLDINGS LIMITED P 2010-11-16 2014-02-04
90 SHS TENCENT HOLDINGS LIMITED P 2010-11-16 2014-02-10
40 SHS TENCENT HOLDINGS LIMITED P 2011-01-18 2014-02-10
130 SHS TENCENT HOLDINGS LIMITED P 2011-01-18 2014-03-13
50 SHS TENCENT HOLDINGS LIMITED P 2011-01-18 2014-12-22
420 SHS TENCENT HOLDINGS LIMITED P 2011-03-22 2014-12-22
20 SHS TIME INC P 2013-03-07 2014-06-11
32.5 SHS TIME INC P 2013-03-08 2014-06-11
21.25 SHS TIME INC P 2013-03-15 2014-06-11
8.25 SHS TIME INC P 2013-09-25 2014-06-11
0.5 SHS TIME INC P 2013-09-25 2014-06-06
80 SHS TJX COMPANIES INC NEW P 2012-10-25 2014-09-23
70 SHS TJX COMPANIES INC NEW P 2012-10-25 2014-02-10
150 SHS TJX COMPANIES INC NEW P 2012-11-01 2014-09-23
30 SHS TJX COMPANIES INC NEW P 2012-11-01 2014-09-24
120 SHS TJX COMPANIES INC NEW P 2012-11-19 2014-09-24
60 SHS TJX COMPANIES INC NEW P 2014-02-26 2014-09-24
40 SHS TJX COMPANIES INC NEW P 2014-02-26 2014-09-25
100 SHS TJX COMPANIES INC NEW P 2014-05-20 2014-09-25
160 SHS TIME WARNER INC P 2013-03-07 2014-07-16
110 SHS TIME WARNER INC P 2013-03-07 2014-02-10
70 SHS TIME WARNER INC P 2013-03-08 2014-07-24
10 SHS TIME WARNER INC P 2013-03-08 2014-07-16
100 SHS TIME WARNER INC P 2013-03-08 2014-12-22
15 SHS VISA INC P 2011-04-06 2014-02-10
15 SHS VISA INC P 2011-04-21 2014-02-10
25 SHS VISA INC P 2011-04-21 2014-12-22
5 SHS VISA INC P 2011-04-27 2014-12-22
30 SHS WYNN RESORTS LTD P 2013-05-28 2014-01-22
5 SHS WYNN RESORTS LTD P 2013-05-29 2014-01-22
35 SHS WYNN RESORTS LTD P 2013-05-29 2014-02-10
20 SHS WYNN RESORTS LTD P 2013-05-29 2014-03-19
25 SHS WYNN RESORTS LTD P 2013-05-30 2014-12-22
65 SHS YUM BRANDS INC P 2012-12-17 2014-02-10
35 SHS YUM BRANDS INC P 2013-01-25 2014-02-10
40 SHS YUM BRANDS INC P 2013-01-25 2014-04-17
35 SHS YUM BRANDS INC P 2013-01-25 2014-07-07
45 SHS YUM BRANDS INC P 2013-02-06 2014-07-07
75 SHS YUM BRANDS INC P 2013-02-06 2014-12-11
80 SHS YUM BRANDS INC P 2013-03-12 2014-12-11
110 SHS YUM BRANDS INC P 2013-03-15 2014-12-11
5 SHS YUM BRANDS INC P 2013-04-09 2014-12-11
75 SHS YUM BRANDS INC P 2013-04-09 2014-12-15
50 SHS YUM BRANDS INC P 2013-11-13 2014-12-16
100 SHS YUM BRANDS INC P 2014-02-04 2014-12-16
50 SHS YUM BRANDS INC P 2014-07-18 2014-12-16
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P. P   2014-12-31
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P. P   2014-12-31
HIGHBROOK INCOME PROPERTY FUND, LP P   2014-12-31
HIGHBROOK INCOME PROPERTY FUND, LP P   2014-12-31
MERCED PARTNERS III, L.P. P   2014-12-31
MERCED PARTNERS III, L.P. P   2014-12-31
EMPIRE CAPITAL PARTNERS, LTD. P   2014-12-31
400 SHS LEUCADIA NATL CORP P 2013-07-24 2014-05-16
2,300 SHS LEUCADIA NATL CORP P 2013-07-24 2014-07-31
102 SHS INTER CONTINENTAL EX P 2008-07-01 2014-07-31
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 16,742   12,945 3,797
b 2,093   1,665 428
c 8,409   6,661 1,748
d 6,344   5,099 1,245
e 2,108   1,700 408
8,427   7,012 1,415
8,517   7,050 1,467
6,478   5,332 1,146
6,373   3,936 2,437
2,529   1,312 1,217
5,902   3,092 2,810
3,245   1,767 1,478
940   442 498
8,460   4,150 4,310
5,277   5,057 220
5,445   4,427 1,018
3,505   3,505 0
5,353   4,164 1,189
6,219   4,898 1,321
945   723 222
3,539   2,408 1,131
4,517   3,131 1,386
3,534   2,408 1,126
4,947   3,443 1,504
4,508   3,951 557
3,005   2,682 323
2,258   1,877 381
5,805   4,768 1,037
9,913   7,584 2,329
4,271   3,250 1,021
2,847   2,218 629
3,222   2,495 727
358   285 73
17,168   3,367 13,801
4,736   1,122 3,614
14,058   4,040 10,018
5,728   4,950 778
6,709   5,785 924
1,917   1,640 277
6,438   4,919 1,519
2,683   2,086 597
7,338   4,273 3,065
2,470   1,479 991
3,561   1,838 1,723
3,567   2,172 1,395
305   163 142
6,151   3,100 3,051
6,717   3,595 3,122
4,579   3,533 1,046
3,733   2,591 1,142
339   228 111
4,239   2,110 2,129
848   436 412
4,946   2,618 2,328
824   450 374
3,648   2,252 1,396
3,704   2,445 1,259
1,010   657 353
5,509   4,456 1,053
7,120   5,613 1,507
890   733 157
7,397   8,063 -666
2,690   2,949 -259
2,555   2,836 -281
5,262   5,522 -260
5,119   5,388 -269
1,280   1,370 -90
2,717   2,893 -176
3,146   3,322 -176
2,003   2,114 -111
4,007   4,709 -702
543   433 110
6,521   5,259 1,262
6,439   5,259 1,180
4,687   3,944 743
7,018   6,135 883
2,645   2,191 454
7,669   6,497 1,172
263   224 39
4,473   4,005 468
1,318   1,178 140
8,434   7,599 835
4,013   2,539 1,474
4,338   2,587 1,751
5,323   3,234 2,089
5,374   3,193 2,181
2,145   1,277 868
4,290   2,873 1,417
4,264   2,873 1,391
6,397   6,133 264
9,331   8,312 1,019
4,665   4,238 427
665   611 54
5,998   5,497 501
3,992   3,772 220
3,327   3,186 141
1,987   1,912 75
5,960   5,853 107
6,783   2,279 4,504
1,044   621 423
8,190   3,731 4,459
1,170   351 819
3,007   2,002 1,005
3,437   2,068 1,369
6,216   3,102 3,114
6,216   6,053 163
1,350   1,350 0
7,651   7,993 -342
3,600   4,166 -566
2,700   2,879 -179
4,152   4,798 -646
4,982   6,023 -1,041
2,906   3,073 -167
1,245   1,468 -223
2,906   3,285 -379
5,798   5,722 76
800   673 127
5,198   4,452 746
2,272   1,335 937
7,988   4,516 3,472
3,029   2,011 1,018
3,336   3,017 319
556   555 1
6,033   4,466 1,567
6,843   5,742 1,101
5,545   4,793 752
702   599 103
4,210   3,698 512
1,951   1,233 718
7,026   4,330 2,696
1,951   1,237 714
7,013   4,362 2,651
2,256   1,246 1,010
3,948   2,076 1,872
6,665   4,080 2,585
2,222   1,399 823
5,798   3,498 2,300
1,160   777 383
5,682   3,884 1,798
1,136   780 356
6,080   3,901 2,179
3,077   2,894 183
5,702   5,139 563
8,357   7,195 1,162
2,281   2,163 118
5,115   3,632 1,483
513   363 150
4,614   3,335 1,279
3,339   2,594 745
1,771   1,482 289
4,770   4,450 320
7,562   6,422 1,140
1,251   1,097 154
2,487   2,284 203
2,503   2,284 219
4,975   4,569 406
1,244   1,151 93
4,999   4,605 394
4,999   4,731 268
6,040   5,424 616
6,221   4,068 2,153
1,659   1,118 541
151   151 0
3,403   3,687 -284
464   510 -46
7,999   7,305 694
6,721   6,575 146
4,509   4,509 0
966   966 0
2,642   2,975 -333
877   992 -115
1,462   1,639 -177
1,611   1,967 -356
2,148   2,566 -418
541   642 -101
2,705   3,208 -503
1,623   1,959 -336
1,634   1,959 -325
3,269   3,928 -659
541   655 -114
1,923   2,274 -351
1,623   1,949 -326
275   330 -55
824   994 -170
3,296   3,874 -578
1,274   460 814
3,174   1,149 2,025
4,451   1,609 2,842
3,185   1,122 2,063
5,358   1,796 3,562
6,130   2,020 4,110
2,725   1,036 1,689
9,929   3,368 6,561
730   259 471
6,132   2,078 4,054
453   367 86
737   603 134
482   390 92
187   172 15
11   10 1
4,696   3,334 1,362
4,134   2,917 1,217
8,804   6,455 2,349
1,780   1,291 489
7,121   5,183 1,938
3,561   3,697 -136
2,374   2,464 -90
5,935   5,481 454
13,202   8,688 4,514
6,984   6,225 759
5,855   3,848 2,007
825   550 275
8,542   5,497 3,045
3,305   1,138 2,167
3,305   1,164 2,141
6,570   1,940 4,630
1,314   391 923
6,207   4,244 1,963
1,035   695 340
7,752   4,863 2,889
4,625   2,779 1,846
3,676   3,459 217
4,684   4,539 145
2,522   2,248 274
3,061   2,570 491
2,869   2,248 621
3,689   2,829 860
5,417   4,715 702
5,779   5,666 113
7,946   7,699 247
361   335 26
5,297   5,023 274
3,490   3,615 -125
6,980   7,190 -210
3,490   3,898 -408
3,069     3,069
30,954     30,954
1,354     1,354
39,842     39,842
    241 -241
44,306     44,306
543,692   200,000 343,692
9,982   10,908 -926
56,826   62,723 -5,897
19,652   28,858 -9,206
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       3,797
b       428
c       1,748
d       1,245
e       408
      1,415
      1,467
      1,146
      2,437
      1,217
      2,810
      1,478
      498
      4,310
      220
      1,018
      0
      1,189
      1,321
      222
      1,131
      1,386
      1,126
      1,504
      557
      323
      381
      1,037
      2,329
      1,021
      629
      727
      73
      13,801
      3,614
      10,018
      778
      924
      277
      1,519
      597
      3,065
      991
      1,723
      1,395
      142
      3,051
      3,122
      1,046
      1,142
      111
      2,129
      412
      2,328
      374
      1,396
      1,259
      353
      1,053
      1,507
      157
      -666
      -259
      -281
      -260
      -269
      -90
      -176
      -176
      -111
      -702
      110
      1,262
      1,180
      743
      883
      454
      1,172
      39
      468
      140
      835
      1,474
      1,751
      2,089
      2,181
      868
      1,417
      1,391
      264
      1,019
      427
      54
      501
      220
      141
      75
      107
      4,504
      423
      4,459
      819
      1,005
      1,369
      3,114
      163
      0
      -342
      -566
      -179
      -646
      -1,041
      -167
      -223
      -379
      76
      127
      746
      937
      3,472
      1,018
      319
      1
      1,567
      1,101
      752
      103
      512
      718
      2,696
      714
      2,651
      1,010
      1,872
      2,585
      823
      2,300
      383
      1,798
      356
      2,179
      183
      563
      1,162
      118
      1,483
      150
      1,279
      745
      289
      320
      1,140
      154
      203
      219
      406
      93
      394
      268
      616
      2,153
      541
      0
      -284
      -46
      694
      146
      0
      0
      -333
      -115
      -177
      -356
      -418
      -101
      -503
      -336
      -325
      -659
      -114
      -351
      -326
      -55
      -170
      -578
      814
      2,025
      2,842
      2,063
      3,562
      4,110
      1,689
      6,561
      471
      4,054
      86
      134
      92
      15
      1
      1,362
      1,217
      2,349
      489
      1,938
      -136
      -90
      454
      4,514
      759
      2,007
      275
      3,045
      2,167
      2,141
      4,630
      923
      1,963
      340
      2,889
      1,846
      217
      145
      274
      491
      621
      860
      702
      113
      247
      26
      274
      -125
      -210
      -408
      3,069
      30,954
      1,354
      39,842
      -241
      44,306
      343,692
      -926
      -5,897
      -9,206
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 2 682,133
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 461,816 10,685,646 0.043218
2012 478,901 10,354,768 0.046249
2011 440,768 10,790,427 0.040848
2010 646,168 10,449,724 0.061836
2009 676,917 9,189,674 0.073661
2 Total of line 1, column (d) ...................... 2 0.265812
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 0.053162
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 11,980,603
5 Multiply line 4 by line 3....................... 5 636,913
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,087
7 Add lines 5 and 6......................... 7 644,000
8 Enter qualifying distributions from Part XII, line 4.............. 8 623,444
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 14,174
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 14,174
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 14,174
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 10,720
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,720
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 46
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,500
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
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)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletKENNETH A ZANKEL Telephone no.bullet (415) 834-0191
    Located atbullet333 GRANT AVENUE 704SAN FRANCISCOCA ZIP+4bullet94108
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    KENNETH ZANKEL TRUSTEE
    8.00     		60,000 0 0
    333 GRANT AVENUE 704
    SAN FRANCISCO,CA94108
    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
    11,700,316
    b
    Average of monthly cash balances.......................
    1b
    324,052
    c
    Fair market value of all other assets (see instructions)................
    1c
    138,681
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,163,049
    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
    12,163,049
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    182,446
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,980,603
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    599,030
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    599,030
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    14,174
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,174
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    584,856
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    584,856
    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
    584,856
    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
    623,444
    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
    623,444
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    623,444
    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 7 584,856
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 52,417
    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$ 623,444
    a Applied to 2013, but not more than line 2a 52,417
    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..... 571,027
    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 ..........     		13,829
    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).)
    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
    AUDUBON CANYON RANCH - FOR BOUVERIE PRESERVE
    PO BOX 1195
    GLEN ELLEN,CA95442     		NONE PUBLIC CHARITY TO PROTECT COMMUNITIES THROUGH LAND PRESERVATION, NATURE EDUCATION AND CONSERVATION SCIENCE 7,500
    CANINE COMPANIONS FOR INDEPENDENCE
    PO BOX 446
    SANTA ROSA,CA95402     		NONE PUBLIC CHARITY TO PROVIDE HIGHLY TRAINED ASSISTANCE DOGS TO PEOPLE WITH DISABILITIES 5,000
    CARNEGIE HALL SOCIETY
    881 SEVENTH AVENUE
    NEW YORK,NY10019     		NONE PUBLIC CHARITY IMPROVE ARTISTIC AND FINANCIAL STRENGTH OF CARNEGIE 30,000
    CITY ARTS & LECTURES
    1955 SUTTER STREET
    SAN FRANCISCO,CA94115     		NONE PUBLIC CHARITY SUPPORT PROGRAMS WITH LEADING FIGURES IN ARTS AND IDEAS 5,000
    COLLEGIATE CHORAL
    115 EAST 57TH STREET 1121
    NEW YORK,NY10022     		NONE PUBLIC CHARITY PROMOTE EXCEPTIONAL PERFORMANCES BY A PREMIER CHORAL ENSEMBLE 17,500
    CREATIVITY EXPLORED
    3245 16TH STREET
    SAN FRANCISCO,CA94103     		NONE PUBLIC CHARITY ADVANCE THE VALUE AND DIVERSITY OF ARTISTIC EXPRESSION 5,000
    DOCTORS WITHOUT BORDERS
    333 7TH AVENUE
    NEW YORK,NY10001     		NONE PUBLIC CHARITY TO PROVIDE MEDICAL AID TO PEOPLE WORLDWIDE WHERE THE NEED IS GREATEST 5,000
    FRIENDS OF MALIBU URGENT CARE CENTER
    PO BOX 6836
    MALIBU,CA90264     		NONE PUBLIC CHARITY SUPPORT THE EXISTANCE OF THE ONLY LOCAL MEDICAL FACILITY THAT OFFERS WALK-IN SERVICE 5,000
    FRIENDS OF THE ISRAELI DEFENSE FORCE
    1430 BROADWAY
    NEW YORK,NY10018     		NONE PUBLIC CHARITY TO PROVIDE EDUCATION AND WELLBEING FOR THOSE WHO SERVE IN THE ISRAEL DEFENSE FORCES 7,500
    GGRA SCHOLARSHIP FOUNDATION
    120 MONTGOMERY STREET SUITE 1280
    SAN FRANCISCO,CA94104     		NONE PUBLIC CHARITY FUND SCHOLARSHIPS FOR STUDENTS IN FOOD SERVICE 25,000
    GLEN ELLEN FIREFIGHTERS ASSOCIATION
    13445 ARNOLD DRIVE
    GLEN ELLEN,CA95422     		NONE PUBLIC CHARITY TO SUPPORT THE LOCAL FIRE PROTECTION DISTRICT TO PROTECT THE LIVES AND PROPERTY OF THE COMMUNITY 10,000
    HEADLANDS CENTER FOR THE ARTS
    944 FORT BARRY
    SAUSALITO,CA94965     		NONE PUBLIC CHARITY SUPPORT ARTISTS AND THE CREATION OF BOLD, NEW, THOUGHT-PROVOKING ART 5,000
    ISRAELI FREE LOAN ASSOCIATION
    POB 10424
    JURUSALEM   9110401
    IS     		NONE   PROVIDE INTEREST FREE LOANS TO ALL SECTORS OF ISRAELI SOCIETY 7,500
    LIGHT OF DAY FOUNDATION
    201 2ND STREET SUITE 22
    HIGHLAND PARK,NJ08904     		NONE PUBLIC CHARITY RESEARCH FOR THE CAUSE & CURE OF PARKINSON'S DISEASE 5,000
    LITTLE KIDS ROCK
    632 POMPTON AVE STE 2
    CEDAR GROVE,NJ07009     		NONE PUBLIC CHARITY PROVIDE FREE MUSICAL INSTRUMENTS & MUSIC INSTRUCTION TO UNDERSERVED U.S. PUBLIC SCHOOLS 10,000
    MALIBU ADAMSON HOUSE FOUNDATION
    PO BOX 291
    MALIBU,CA90265     		NONE PUBLIC CHARITY PROVIDE INTERPRETIVE ACTIVITIES AND TO ASSIST IN THE PRESERVATION OF THE HISTORIC ADAMSON HOUSE 1,000
    MUSEUM OF THE AFRICAN DIASPORA
    685 MISSION STREET
    SAN FRANCISCO,CA94105     		NONE PUBLIC CHARITY SHOWCASE THE HISTORY, ART, AND CULTURAL RICHNESS OF AFRICANS THROUGHOUT THE WORLD 5,000
    MUSICIANS ON CALL
    1131 BROADWAY SUITE 630
    NEW YORK,NY10010     		NONE PUBLIC CHARITY PROMOTE THE HEALING PROCESS FOR PATIENTS, FAMILIES & CAREGIVERS 10,000
    NATIONAL PUBLIC RADIO FOUNDATION
    DEPT 6054
    WASHINGTON,DC20042     		NONE PUBLIC CHARITY SUPPORT THE MISSION TO CREATE A MORE INFORMED PUBLIC 50,000
    NATURE CONSERVANCY
    22 BRIDGE STREET 4TH FLOOR
    CONCORD,NH03301     		NONE PUBLIC CHARITY TO SUPPORT THE PRESERVATION AND CONSERVATION OF LAND AND WATER 5,000
    NORCAL GSP RESCUE
    PO BOX 933
    MENLO PARK,CA94026     		NONE PUBLIC CHARITY TO ASSIST IN FINDING HOMES FOR UNWANTED AND ABANDONED GERMAN SHORTHAIRED POINTERS IN NO. CALIFORNIA 7,000
    NUCI PHILLIPS MEMORIAL FOUNDATION
    396 OCONEE STREET
    ATHENS,GA30601     		NONE PUBLIC CHARITY PROVIDE TREATMENT FOR MUSICIANS SUFFERING FROM DEPRESSION 5,000
    OPERATION GRATITUDE
    PO BOX 260257
    ENCINO,CA91426     		NONE PUBLIC CHARITY PROVIDE OPPORTUNITIES FOR AMERICANS TO SUPPORT OUR MILITARY BY PROVIDING CARE PACKAGES 5,000
    OPERATION SMILE
    3641 FACULTY BOULEVARD
    VIRGINIA BEACH,VA23453     		NONE PUBLIC CHARITY PROVIDE FREE SURGERIES FOR CHILDREN BORN WITH CLEFT LIP, CLEFT PALATE AND OTHER FACIAL DEFORMITIES 2,500
    PAWS
    3170 23RD STREET
    SAN FRANCISCO,CA94110     		NONE PUBLIC CHARITY SUPPORT COMPANION ANIMALS FOR LOW-INCOME PERSONS 5,000
    PUBLIC THEATER
    425 LAFAYETTE STREET
    NEW HAVEN,NY10003     		NONE PUBLIC CHARITY SUPPORT A HIGH QUALITY PROFESSIONAL THEATER AT AN AFFORDABLE PRICE 10,000
    QUARRYHILL BOTANICAL GARDEN
    PO BOX 232
    GLEN ELLEN,CA95442     		NONE PUBLIC CHARITY PROVIDE LIVING EXAMPLES OF THE BEAUTIFUL AND THREATENED TEMPERATE FLORA OF EAST ASIA 25,000
    SAN FRANCISCO BALLET
    455 FRANKLIN STREET
    SAN FRANCISCO,CA94102     		NONE PUBLIC CHARITY TO PROVIDE QUALITY PERFORMANCES AND THE HIGHEST CALIBER OF DANCE TRAINING 15,000
    SAN FRANCISCO UNIFIED SCHOOL DISTRICT
    750 25TH AVENUE
    SAN FRANCISCO,CA94121     		NONE PUBLIC CHARITY SUPPORT EDUCATION IN HOSPITALITY, TOURISM & CULINARY ARTS 25,000
    SF JAZZ
    201 FRANKLIN STREET
    SAN FRANCISCO,CA94102     		NONE PUBLIC CHARITY PROMOTE THE CREATION, PRESENTATION AND EDUCATION OF JAZZ MUSIC 5,000
    SAN FRANCISCO OPERA
    301 VAN NESS AVENUE
    SAN FRANCISCO,CA94102     		NONE PUBLIC CHARITY PRESENT QUALITY OPERA PERFORMANCES AND TO PERPETUATE AND ENRICH THE OPERATIC ART FORM 5,000
    SAN FRANCISCO SPCA
    201 ALABAMA STREET
    SAN FRANCISCO,CA94103     		NONE PUBLIC CHARITY TO SAVE AND PROTECT ANIMALS BY PROVIDING CARE AND TREATMENT AND ADVOCATING FOR THEIR WELFARE 25,000
    SAN FRANCISCO SYMPHONY
    201 VAN NESS AVENUE
    SAN FRANCISCO,CA94102     		NONE PUBLIC CHARITY TO ENRICH SERVE, AND SHAPE CULTURAL LIFE THROUGHOUT THE SPECTRUM OF BAY AREA COMMUNITIES 5,000
    SEBASTOPOL CENTER FOR THE ARTS
    282 S HIGH STREET
    SEBASTOPOL,CA95472     		NONE PUBLIC CHARITY PROVIDE GALLERY EXHIBITIONS, WORKSHOPS, CLASSES, AND EVENTS 11,600
    SKIDMORE COLLEGE
    815 N BROADWAY
    SARATOGA SPRINGS,NY12866     		NONE PUBLIC CHARITY SUPPORT LIBERAL ARTS & SCIENCE MAJORS BY LINKING THEORETICAL WITH APPLIED LEARNING 5,000
    SOCIETY OF ILLUSTRATORS
    128 E 63RD STREET
    NEW YORK,NY10065     		NONE PUBLIC CHARITY PROMOTE THE ART & APPRECIATION OF ILLUSTRATIONS 25,000
    SONOMA INTERNATIONAL FILM SOCIETY
    PO BOX 1613
    SONOMA,CA95476     		NONE PUBLIC CHARITY SUPPORT THE HIGH SCHOOL MEDIA ARTS PROGRAM AND THE MIDDLE SCHOOL VIDEO AND ARTS PROGRAM 6,600
    SONOMA LAND TRUST
    822 5TH STREET
    SANTA ROSA,CA95404     		NONE PUBLIC CHARITY CONSERVE SCENIC, NATURAL, AGRICULTURAL AND OPEN LAND FOR THE FUTURE OF SONOMA COUNTY 7,500
    SOROPTIMIST INTERNATIONAL OF VISALIA
    PO BOX 747
    VISALIA,CA93279     		NONE PUBLIC CHARITY IMPROVE THE LIVES OF WOMEN AND GIRLS THROUGH PROGRAMS LEADING TO SOCIAL AND ECONOMIC EMPOWERMENT. 10,000
    ST ANTHONY FOUNDATION
    150 GOLDEN GATE AVENUE
    SAN FRANCISCO,CA94102     		NONE PUBLIC CHARITY SUPPORT THOSE IN NEED OF FOOD, HEALING, SHELTER & CLOTHING 5,000
    SURFRIDER MARIN
    PO BOX 1171
    LARKSPUR,CA94939     		NONE PUBLIC CHARITY TO PROTECT OUR WORLD'S OCEANS, WAVES AND BEACHES 2,500
    SURFRIDER WLAM
    2629 MAIN ST 196
    SANTA MONICA,CA90405     		NONE PUBLIC CHARITY TO PROTECT OUR WORLD'S OCEANS, WAVES AND BEACHES 2,500
    TEACHERS COLLEGE COLUMBIA UNIVERSITY
    525 WEST 120TH STREET
    NEW YORK,NY10027     		NONE PUBLIC CHARITY SUPPORT LEADERS, EDUCATORS & INNOVATORS WHO WILL REVOLUTIONIZE TEACHING AND LEARNING 40,000
    THE INVESTIGATIVE PROJECT
    5614 CONNECTICUT AVENUE NW NO 341
    WASHINGTON,DC20015     		NONE PUBLIC CHARITY PROVIDE COMPREHENSIVE DATA ON RADICAL ISLAMIC TERRORIST GROUPS 10,000
    THE KITCHEN COMMUNITY - LEARNING GARDENS
    1980 8TH STREET
    BOULDER,CO80302     		NONE PUBLIC CHARITY TO CREATE "COMMUNITY THROUGH FOOD" BY PLANTING LEARNING GARDENS IN SCHOOLS ACROSS AMERICA 1,000
    THE MALIBU WOMENS CLUB
    PO BOX 2853
    MALIBU,CA90265     		NONE PUBLIC CHARITY NURTURE MALIBU LEADERS OF TOMORROW 5,000
    THE METROPOLITAN MUESUM OF ART
    1000 5TH AVENUE
    NEW YORK,NY10028     		NONE PUBLIC CHARITY TO SUPPORT THE PRESERVATION & COLLECTION OF ART AT THE HIGHEST LEVEL OF QUALITY 5,000
    THERASURF
    PO BOX 4063
    MALIBU,CA90264     		NONE PUBLIC CHARITY SUPPORT SPECIAL NEEDS CHILDREN WITH THE ABILITY TO INSTILL COURAGE & CONFIDENCE THROUGH SURFING 5,000
    UC REGENTS-UC DAVIS VETERINARY MEDICINE TEACHING HOSPITAL
    UC DAVIS ONE SHIELDS AVENUE
    DAVIS,CA95616     		NONE PUBLIC CHARITY FUND THE EDUCATION AND TRAINING OF VETERINARY MEDICINE 10,000
    VISALIA COUNTY CENTER ROTARY
    PO BOX 1366
    VISALIA,CA93279     		NONE PUBLIC CHARITY PROVIDE HUMANITARIAN SERVICE, ENCOURAGE ETHICAL STANDARDS IN ALL VOCATIONS, & HELP BUILD GOODWILL & PEACE 10,000
    WEST SACRAMENTO SOCCER CLUB
    1024 CARRIE STREET
    WEST SACRAMENTO,CA95605     		NONE PUBLIC CHARITY PROMOTE YOUTH SOCCER 5,000
    WILDCARE
    776 ALBERT PARK LN
    SAN RAFAEL,CA94901     		NONE PUBLIC CHARITY TO ADVOCATE FOR WILDLIFE THROUGH EDUCATION, WILDLIFE REHABILITATION & COMMUNITY OUTREACH 25,000
    WORLD AFFAIRS COUNCIL
    312 SUTTER STREET 312
    SAN FRANCISCO,CA94108     		NONE PUBLIC CHARITY ENGAGE THE PUBLIC IN THE EXPLORATION OF ISSUES & OPPORTUNITIES THAT TRANSCEND BORDERS 5,000
    Total .................................bullet 3a 557,200
    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....     14 174,623  
    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.....     14 29,683  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 682,133  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aMERCED PARTNERS III, LP     14 -32,125  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 854,314 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13854,314
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    THE K A ZANKEL FOUNDATION
    EIN: 20-6667302
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTANT'S FEES 7,500 750   6,750

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE K A ZANKEL FOUNDATION
    EIN: 20-6667302
    Name of Stock End of Year Book Value End of Year Fair Market Value
    FIRST MANHATTAN CO. 1,445,908 2,783,591
    RBC CAPITAL MARKETS, LLC 822,955 1,097,383

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE K A ZANKEL FOUNDATION
    EIN: 20-6667302
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CHARLES SCHWAB & CO FMV 550,020 524,968
    KENSICO OFFSHORE FUND LTD. FMV 1,000,000 2,986,939
    DAVIDSON KEMPNER INSTITUTIONAL PARTNERS FMV 1,362,715 1,488,161
    HIGHBROOK INCOME PROPERTY FUND, LP FMV 405,072 405,072
    HIGHBROOK II FMV 60,681 59,626
    MERCED PARTNERS III, LP FMV 645,343 724,662
    MERCED PARTNERS III (CAYMAN), LP FMV 25,014 4,024
    NH MERCED III OFF, LLC FMV 7,364 5,666
    MAP 2015 LP FMV 11,880 11,880
    SA2013OFFHOLD, LTD FMV 29,276 31,496
    EMPIRE CAPITAL LTD. FMV 0 0
    TACONIC OPPORTUNITY OFFSHORE FUND FMV 750,000 1,282,473
    V3 REALTY PARTNERS OFFSHORE FUND FMV 250,000 331,596
    WORSLEY HOLDINGS, LLC FMV 45,140 37,641

    TY 2014 LegalFeesSchedule
    Name:
    THE K A ZANKEL FOUNDATION
    EIN: 20-6667302
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,778 178   1,600


    TY 2014 OtherAssetsSchedule
    Name:
    THE K A ZANKEL FOUNDATION
    EIN: 20-6667302
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    WORSLEY HOLDING, LLC RECEIVABLE 80,414 151,154 180,637
    EMPIRE CAPITAL RECEIVABLE   16,310 16,310


    TY 2014 OtherExpensesSchedule
    Name:
    THE K A ZANKEL FOUNDATION
    EIN: 20-6667302
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 215 215   0
    ADR FEES 229 229   0
    PORTFOLIO DEDUCTIONS 29,149 29,149   0
    D&O INSURANCE 1,534 1,534   0


    TY 2014 OtherIncomeSchedule2
    Name:
    THE K A ZANKEL FOUNDATION
    EIN: 20-6667302
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    DAVIDSON KEMPNER INSTITUTIONAL PARTNERS 29,683 29,683 29,683
    MERCED PARTNERS III, LP -32,125 -32,125 -32,125


    TY 2014 OtherLiabilitiesSchedule
    Name:
    THE K A ZANKEL FOUNDATION
    EIN: 20-6667302
    Description Beginning of Year - Book Value End of Year - Book Value
    BANK OVERDRAFT 0 3,568


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE K A ZANKEL FOUNDATION
    EIN: 20-6667302
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 102,329 102,329   0


    TY 2014 TaxesSchedule
    Name:
    THE K A ZANKEL FOUNDATION
    EIN: 20-6667302
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY GENERAL'S REGISTRY OF CHARITABLE TRUSTS 75 0   0
    FEDERAL EXCISE TAX 18,073 0   0
    FRANCHISE TAX BOARD FILING FEES 10 0   0
    TAX WITHHELD ON FOREIGN INCOME 1,723 1,723   0