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
FRESH SOUND FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)186 ALEWIFE BR 200 C/O TYLER NO 200   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CAMBRIDGE, MA02138
A Employer identification number

06-1428363
B Telephone number (see instructions)

(617) 354-3814
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$10,464,861J 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 66,202 66,202  
4 Dividends and interest from securities...... 164,486 164,486  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,887,739
b Gross sales price for all assets on line 6a 4,921,802
7 Capital gain net income (from Part IV, line 2)... 1,887,739
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 48,958 48,958  
12 Total. Add lines 1 through 11........ 2,167,385 2,167,385  
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)......... Click to see attachment 13,306 0   0
b Accounting fees (attach schedule)....... Click to see attachment 6,914 6,914   0
c Other professional fees (attach schedule).... Click to see attachment 57,920 57,920   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,928 22,928   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 46,472 46,328   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 147,540 134,090   0
25 Contributions, gifts, grants paid........ 487,000 487,000
26 Total expenses and disbursements. Add lines 24 and 25 634,540 134,090   487,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,532,845
b Net investment income (if negative, enter -0-) 2,033,295
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............... 80,279 1,731,434 1,731,434
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet190,309
Less: allowance for doubtful accounts bullet   318,799 190,309 190,309
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)........ 3,486,915 Click to see attachment4,218,996 6,395,721
c Investments—corporate bonds (attach schedule)........ 709,468 Click to see attachment811,160 815,504
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,092,863 Click to see attachment1,223,928 1,331,893
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) 6,688,324 8,175,827 10,464,861
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 attachment45,342 Click to see attachment0
23 Total liabilities (add lines 17 through 22).......... 45,342 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 6,642,982 8,175,827
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)...... 6,642,982 8,175,827
31 Total liabilities and net assets/fund balances (see instructions).. 6,688,324 8,175,827
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 6,642,982
2 Enter amount from Part I, line 27a..................... 2 1,532,845
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 8,175,827
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 8,175,827
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 HAMMERSON PLC - 3330 P   2014-11-07
b HAMMERSON PLC P   2014-10-02
c AMG MANAGERS BUND FD - 174.110 P   2014-11-06
d AVALONBAY CMNTYS - 245 P   2014-11-06
e EBAY - 605 P   2014-11-06
EBAY - 1895 P   2014-11-18
GOOGLE CLASS A - 80 P   2014-11-06
GOOGLE CLASS A - 10 P   2014-12-22
HAIN CELESTIAL GRP - 390 P   2014-01-06
HOST HOTELS & RESORTS - 3535 P   2014-11-06
HOST HOTELS & RESORTS - 500 P   2014-11-21
HOST HOTELS & RESORTS - 2220 P   2014-12-19
HOST HOTELS & RESORTS - 1280 P   2014-12-19
JARDEN CORP - 485 P   2014-11-06
JARDEN CORP - 0.5 P   2014-12-01
MATTHEWS ASIAN G&I - 447.436 P   2014-01-09
NIKE - 305 P   2014-11-06
OPPENHEIMER SENIOR FLTG - 899.940 P   2014-11-06
PRUDENTIAL HI YLD - 1897.746 P   2014-11-06
ROCK-TENN - 300 P   2014-11-06
AMG MANAGERS BOND FD - 226.283 P   2014-11-06
BANK AMERICA CORP - 3185 P   2014-11-06
CSX CORP - 250 P   2014-12-24
DOUBLELINE TOTAL RTRN - 6836.828 P   2014-11-06
GANNETT CO - 985 P   2014-11-06
HAIN CELESTIAL GRP - 285 P   2014-11-06
OPPENHEIMER SENIOR FLTG - 20216.565 P   2014-11-06
PRUDENTIAL HI-YLD - 9518.787 P   2014-11-06
TRAVELERS COS - 510 P   2014-11-06
TRAVELERS COS - 500 P   2014-12-18
UNITED RENTALS - 400 P   2014-10-28
UNITED RENTALS - 400 P   2014-11-06
TELENOR - 1095 P   2014-11-06
AMG MANAGERS BOND FND - 8601.433 P   2014-11-06
AKAMAI TECHNOLOGIES - 750 P   2014-10-16
AKAMAI TECHNOLOGIES - 425 P   2014-11-06
AKAMAI TECHNOLOGIES - 200 P   2014-12-29
AMERICAN WTR WRKS - 2500 P   2014-07-24
AMERICAN WTR WRKS - 605 P   2014-11-06
CVS HEALTH CORP - 700 P   2014-11-06
QUALIFIED INESTMT FD - 6535.948 P   2014-11-06
CRA QUALIFIED INVEST - 2378.687 P   2014-01-02
DANAHER CORP - 420 P   2014-11-06
DANAHER CORP - 64 P   2014-11-21
DIRECT TV - 600 P   2014-07-02
DIRECT TV - 900 P   2014-11-06
DIRECT TV - 900 P   2014-12-24
ENTERPRISE PRODS - 3500 P   2014-07-24
FIRST REP BNK SAN FRAN - 850 P   2014-11-06
GENERAL ELECTRIC - 480 P   2014-11-06
GOOGLE CLASS C - 55 P   2014-11-06
HEALTH CARE REIT - 1500 P   2014-07-23
JOHNSON & JOHNSON - 360 P   2014-11-06
KINDER MORGAN - 2000 P   2014-02-19
LKQ CORP - 2250 P   2014-02-25
LKQ CORP - 2000 P   2014-11-06
LKQ CORP - 2050 P   2014-12-19
MAGELLAN MIDSTREAM - 3800 P   2014-07-24
MATTHEWS ASIAN G&I - 3858.269 P   2014-01-09
MATTHEWS ASIAN G&I - 3858.269 P   2014-01-10
MICROSOFT - 680 P   2014-11-06
ORACLE - 1500 P   2014-10-16
ORACLE - 850 P   2014-11-06
PLAINS ALL AM PIPELINE - 4160 P   2014-07-24
PRUDENTIAL HI-YLD - 21390.485 P   2014-11-06
QUALCOMM - 500 P   2014-11-06
QUALCOMM - 500 P   2014-11-21
STANLEY BLK & DKR - 225 P   2014-11-06
STANLEY BLK & DKR - 705 P   2014-11-21
STRYKER - 485 P   2014-11-06
THERMO FISHER - 355 P   2014-11-06
3M CO - 225 P   2014-11-06
3M CO - 35 P   2014-12-24
WELLS FARGO - 970 P   2014-11-06
DANAHER - 250 P   2014-11-21
3M CO - 65 P   2014-12-24
3M CO - 100 P   2014-12-29
CDK GLOBAL - 0.332 P   2014-10-06
TERADATA CORP - 450 P   2014-01-28
CDK GLOBAL - 133 P   2014-12-11
CORNING - 1800 P   2014-10-27
COVIDIEN PLC - 800 P   2014-06-18
CREE - 450 P   2014-10-27
GLAXOSMITHKLINE - 950 P   2014-10-27
HP NOTE 2.625% - 100000 P   2014-12-09
ILLUMINA - 75 P   2014-05-27
INTEL - 1000 P   2014-05-27
LABORATORY CORP - 450 P   2014-12-11
NESTLE - 300 P   2014-05-27
PORTLAND GEN ELEC - 1400 P   2014-01-28
PRICER - 5000 P   2014-03-31
TERADATA - 150 P   2014-01-28
TORAY INDS - 6000 P   2014-10-28
WATERFURNACE - 1400 P   2014-08-27
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 32,005   33,998 -1,993
b 1,939   1,939 0
c 4,901   4,828 73
d 38,618   36,443 2,175
e 32,050   29,578 2,472
105,013   92,647 12,366
44,144   46,510 -2,366
5,317   5,814 -497
34,983   25,655 9,328
80,647   81,305 -658
11,382   11,500 -118
53,043   51,060 1,983
30,583   27,136 3,447
31,628   29,287 2,341
22   20 2
8,313   8,244 69
28,848   21,570 7,278
7,416   7,555 -139
10,816   10,988 -172
16,429   15,680 749
6,370   6,260 110
55,083   40,927 14,156
9,161   5,744 3,417
75,000   75,479 -479
30,372   25,131 5,241
30,461   18,748 11,713
166,585   168,418 -1,833
54,251   53,732 519
51,940   40,813 11,127
52,586   40,013 12,573
43,236   20,097 23,139
45,413   20,097 25,316
23,838   21,593 2,245
242,130   231,332 10,798
40,097   35,925 4,172
25,170   20,358 4,812
12,756   9,580 3,176
121,712   47,026 74,686
31,462   11,380 20,082
61,679   32,682 28,997
69,980   73,606 -3,626
24,980   26,787 -1,807
34,024   9,612 24,412
5,347   1,465 3,882
51,218   28,186 23,032
78,555   42,280 36,275
78,330   42,280 36,050
275,156   2,122 273,034
43,785   29,411 14,374
12,607   4,348 8,259
29,823   16,269 13,554
96,677   87,819 8,858
39,153   17,620 21,533
156,626     156,626
66,261   25,999 40,262
57,565   23,110 34,455
56,796   23,688 33,108
320,340   36,252 284,088
71,687   68,892 2,795
191,151   183,303 7,848
33,023   18,455 14,568
56,346   20,790 35,556
33,630   11,781 21,849
246,767   33,991 212,776
121,913   121,746 167
34,277   19,444 14,833
35,727   19,444 16,283
21,189   15,543 5,646
67,224   48,701 18,523
42,948   14,211 28,737
42,138   21,976 20,162
35,069   15,935 19,134
5,863   2,479 3,384
52,345   6,688 45,657
20,888   5,721 15,167
10,888   4,603 6,285
16,688   7,082 9,606
10   7 3
19,695   24,957 -5,262
5,309   2,655 2,654
33,594   21,394 12,200
72,598   28,262 44,336
13,721   22,705 -8,984
42,979   42,674 305
100,000   100,674 -674
11,931   3,866 8,065
26,656   32,172 -5,516
46,943   29,748 17,195
23,246   8,425 14,821
41,326   32,534 8,792
4,357   10,133 -5,776
6,565   11,090 -4,525
39,094   33,353 5,741
39,277   30,683 8,594
118     118
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       -1,993
b       0
c       73
d       2,175
e       2,472
      12,366
      -2,366
      -497
      9,328
      -658
      -118
      1,983
      3,447
      2,341
      2
      69
      7,278
      -139
      -172
      749
      110
      14,156
      3,417
      -479
      5,241
      11,713
      -1,833
      519
      11,127
      12,573
      23,139
      25,316
      2,245
      10,798
      4,172
      4,812
      3,176
      74,686
      20,082
      28,997
      -3,626
      -1,807
      24,412
      3,882
      23,032
      36,275
      36,050
      273,034
      14,374
      8,259
      13,554
      8,858
      21,533
      156,626
      40,262
      34,455
      33,108
      284,088
      2,795
      7,848
      14,568
      35,556
      21,849
      212,776
      167
      14,833
      16,283
      5,646
      18,523
      28,737
      20,162
      19,134
      3,384
      45,657
      15,167
      6,285
      9,606
      3
      -5,262
      2,654
      12,200
      44,336
      -8,984
      305
      -674
      8,065
      -5,516
      17,195
      14,821
      8,792
      -5,776
      -4,525
      5,741
      8,594
      118
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 1,887,739
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 424,000 9,460,969 0.044816
2012 446,000 8,691,966 0.051312
2011 466,000 8,700,079 0.053563
2010 489,851 8,595,245 0.056991
2009 295,050 5,544,760 0.053212
2 Total of line 1, column (d) ...................... 2 0.259894
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 0.051979
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 9,834,144
5 Multiply line 4 by line 3....................... 5 511,169
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 20,333
7 Add lines 5 and 6......................... 7 531,502
8 Enter qualifying distributions from Part XII, line 4.............. 8 487,000
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 40,666
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 40,666
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 40,666
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 60,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 60,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 411
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 18,923
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet18,923 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCT
    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 ofbulletJOHN F BURT CO TYLER LYNCH PC Telephone no.bullet (617) 354-3814
    Located atbullet186 ALEWIFE BROOK PARKWAYCAMBRIDGEMA ZIP+4bullet02138
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JOHN F BURT TRUSTEE
    1.00     		0 0 0
    C/O TYLER LYNCH 186 ALEWIFE BROOK
    PKWY
    CAMBRIDGE,MA02138
    S JEFFREY BURT TRUSTEE
    1.00     		0 0 0
    C/O TYLER LYNCH 186 ALEWIFE BROOK
    PKWY
    CAMBRIDGE,MA02138
    LAURIE BURT TRUSTEE
    1.00     		0 0 0
    C/O TYLER LYNCH 186 ALEWIFE BROOK
    PKWY
    CAMBRIDGE,MA02138
    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
    8,744,751
    b
    Average of monthly cash balances.......................
    1b
    771,682
    c
    Fair market value of all other assets (see instructions)................
    1c
    467,470
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,983,903
    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
    9,983,903
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    149,759
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,834,144
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    491,707
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    491,707
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    40,666
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    40,666
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    451,041
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    451,041
    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
    451,041
    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
    487,000
    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
    487,000
    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
    487,000
    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 7 451,041
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 18,222
    b From 2010....... 62,387
    c From 2011....... 33,225
    d From 2012....... 17,527
    e From 2013.......  
    fTotal of lines 3a through e......... 131,361
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 487,000
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 451,041
    e Remaining amount distributed out of corpus 35,959
    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 5 167,320
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		18,222
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		149,098
    10 Analysis of line 9:
    a Excess from 2010.... 62,387
    b Excess from 2011.... 33,225
    c Excess from 2012.... 17,527
    d Excess from 2013....  
    e Excess from 2014.... 35,959
    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
    AMERICAN CONSTITUTION SOCIETY FOR LAW & POLICY
    1333 H STREET
    WASHINGTON,DC20005     		N/A NON-PROFIT EDUCATIONAL 15,000
    AMERICAN REPERTORY THEATRE
    64 BRATTLE STREET
    CAMBRIDGE,MA02138     		N/A NON-PROFIT EDUCATIONAL 25,000
    BOSTON NATURAL AREAS NETWORK
    62 SUMMER ST
    BOSTON,MA02110     		N/A NON-PROFIT EDUCATIONAL 15,000
    CERES INC
    99 CHAUNCY STREET
    BOSTON,MA02111     		N/A NON-PROFIT CHARITABLE 15,000
    THE COUNTRY SCHOOL
    341 OPENING HILL ROAD
    MADISON,CT06443     		N/A NON-PROFIT EDUCATIONAL 15,000
    FARM FRESH RHODE ISLAND
    1005 MAIN STREET
    PAWTUCKET,RI02860     		N/A NON-PROFIT CHARITABLE 30,000
    HOME FOR CONTEMPORARY THEATRE AND ART LTD DBA HERE ARTS CENTER
    145 SIXTH AVENUE
    NEW YORK,NY10013     		N/A NON-PROFIT EDUCATIONAL 1,500
    IN-SIGHT PHOTOGRAPHY PROJECT INCORPORATED
    45 FLAT STREET SUITE A
    BRATTLEBORO,VT05301     		N/A NON-PROFIT EDUCATIONAL 4,000
    LAND TRUST ALLIANCE
    10 FRONT STREET
    COLLINSVILLE,CT06019     		N/A NON-PROFIT CHARITABLE 8,000
    CAMBODIAN LIVING ARTS
    228 PARK AVENUE SOUTH 49331
    NEW YORK,NY10003     		N/A NON-PROFIT EDUCATIONAL 3,700
    THE MARION INSTITUTE INC
    204 SPRING STREET
    MARION,MA02738     		N/A NON-PROFIT EDUCATIONAL 10,000
    METAFOUNDATION DBA POST CARBON INSTITUTE
    613 4TH STREET SUITE 208
    SANTA ROSA,CA95404     		N/A NON-PROFIT EDUCATIONAL 20,000
    NATIONAL CARAVAN STAGE COMPANY
    236 WEST 4TH STREET
    JACKSONVILLE,FL32206     		N/A NON-PROFIT EDUCATIONAL 7,500
    NEXT STAGE ARTS PROJECT
    15 KIMBALL HILL RD
    PUTNEY,VT05346     		N/A NON-PROFIT EDUCATIONAL 15,000
    SANDGLASS CENTER FOR PUPPERTY THEATER RESEARCH
    PO BOX 970
    PUTNEY,VT05346     		N/A NON-PROFIT CHARITABLE 20,000
    SAVE THE RIVER
    409 RIVERSIDE DRIVE
    CLAYTON,NY13624     		N/A NON-PROFIT EDUCATIONALEDUCATIONAL 20,000
    THOUSAND ISLANDS LAND TRUST
    135 JOHN STREET
    CLAYTON,NY13624     		N/A NON-PROFIT CHARITABLE 36,000
    TRADITIONAL ARTS IN UPSTATE NEW YORK DBA TAUNY
    53 MAIN STREET
    CANTON,NY13617     		N/A NON-PROFIT EDUCATIONAL 20,000
    UNION OF CONCERNED SCIENTISTS
    TWO BRATTLE SQUARE
    CAMBRIDGE,MA02238     		N/A NON-PROFIT EDUCATIONAL 65,000
    UNION OF CONCERNED SCIENTISTS
    TWO BRATTLE SQUARE
    CAMBRIDGE,MA02238     		N/A NON-PROFIT EDUCATIONAL 10,000
    VERMONT STUDIO CENTER
    PO BOX 613
    JOHNSON,VT05656     		N/A NON-PROFIT EDUCATIONALEDUCATIONAL 21,300
    WHOLESOME WAVE FOUNDATION CHARITABLE VENTURES
    855 MAIN STREET
    BRIDGEPORT,CT06604     		N/A NON-PROFIT CHARITABLE 50,000
    YELLOW BARN INC
    63 MAIN STREET
    PUTNEY,VT05346     		N/A NON-PROFIT EDUCATIONAL 40,000
    YELLOW BARN INC
    63 MAIN STREET
    PUTNEY,VT05346     		N/A NON-PROFIT EDUCATIONAL 6,000
    EDUCATION OUTSIDE
    135 VAN NESS AVENUE ROOM 408
    SAN FRANCISCO,CA94102     		N/A NON-PROFIT EDUCATIONAL 5,000
    CERES INC
    99 CHAUNCY STREET
    BOSTON,MA02111     		N/A NON-PROFIT EDUCATIONAL 9,000
    Total .................................bullet 3a 487,000
    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 ............     		    14 66,202  
    4 Dividends and interest from securities....     14 164,486  
    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 48,958  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 1,887,739  
    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 2,167,385 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,167,385
    (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
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         		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:
    FRESH SOUND FOUNDATION INC
    EIN: 06-1428363
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 6,914 6,914   0

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN: 06-1428363
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMAZON 2.6% CORP BOND 99,908 101,016
    EBAY INC BOND 100,338 100,770
    GENENTECH INC BOND 99,705 102,233
    JOHNSON CONTROLS BOND 102,521 104,723
    KRAFT FOODS BOND 104,000 103,715
    LABORATORY CORP AMER BOND 101,144 100,873
    TYCO ELECTRONICS GROUP BOND 101,086 100,002
    VIACOM 102,458 102,172

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN: 06-1428363
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 36,933 82,982
    AKAMAI TECH 53,888 70,830
    AMAZON 96,443 93,105
    AMERICAN WATER WORKS 35,646 101,004
    APTARGROUP INC 30,123 93,576
    AUTOMATIC DATA PROCESSING 43,920 58,359
    AVALONBAY COMMUNITIES 111,560 122,543
    BANK OF AMERICA 128,564 178,989
    CANADIAN NATIONAL RAILWAY 11,828 110,256
    CISCO SYSTEMS 48,361 59,802
    CLEAN HARBORS 69,147 63,666
    COHEN & STEERS LTD 94,920 86,199
    CSX CORPORATION 95,580 150,717
    CVS CAREMARK CORP 57,194 117,980
    CVS CAREMARK CORP 45,166 130,019
    DANAHER CORP 22,885 85,710
    EMC CORP MASS 40,994 89,220
    EMERSON ELECTRIC CO 57,990 103,398
    ENCORE WIRE CORP 36,166 37,330
    F5 NETWORKS INC 42,679 52,186
    FIRST REP BANK SAN FRANCISCO 91,692 138,118
    FIRST SOLAR 106,967 74,028
    GANNETT CO. 78,456 98,185
    GE COMPANY 17,981 38,031
    GOOGLE INC. CLASS A 66,382 119,399
    GOOGLE INC. CLASS C 50,287 89,488
    HAIN CELESTIAL GROUP 57,560 102,008
    HAMMERSON PLC 104,751 98,564
    HOST HOTELS & RESORTS 150,623 168,886
    ILLUMINA INC 19,286 69,218
    INTEL CORP 37,404 72,580
    JARDEN CORP 90,158 108,783
    JOHNSON & JOHNSON 54,572 116,596
    JOHNSON & JOHNSON 47,838 94,113
    JOHNSON CONTROLS 52,196 70,093
    KROGER 35,284 38,526
    MARKETAXESS HLDGS 42,604 50,197
    MASTERCARD 44,584 47,388
    MICRON TECHNOLOGY 76,308 77,197
    MICROSOFT CORP 57,537 98,474
    NESTLE ADR 32,799 88,099
    NIKE INC 66,832 90,862
    NOVARTIS AG ADR 60,131 81,078
    NOVOZYMES 12,287 88,200
    ORACLE CORP 36,729 119,171
    PERRIGO CO 24,511 108,654
    PROCTER & GAMBLE 46,912 81,981
    QUALCOMM 74,131 78,047
    QUALCOMM 19,444 37,165
    ROCK-TENN 139,705 164,036
    ROCKWELL AUTOMATION 63,045 69,500
    SEATTLE GENETICS 47,201 41,769
    STATASYS INC 16,921 58,177
    STRYKER CORP 44,393 142,910
    SUNEDISION 106,535 97,550
    SUNOPTA 36,944 36,439
    TARGET CORP 62,744 74,012
    TELENOR ASA ORD 67,640 69,046
    TENNECO 100,026 101,898
    TEVA PHARMACEUTICAL ADR 75,975 96,329
    THE CONTACT FUND 75,000 75,000
    THERMO FISHER SCIENTIFIC 67,785 137,193
    TOMRA SYSTEMS 53,659 52,060
    TRAVELERS COMPANIES 87,227 115,377
    TWENTY-FIRST CENTURY FOX 92,416 100,237
    UNITED RENTAL 62,302 126,492
    VARIAN MEDICAL SYSTEMS 43,172 95,161
    VERMONT COMMUNITY LOAN FUND 75,000 75,000
    WELLS FARGO & COMPANY 20,892 166,105
    XYLEM INC. 64,181 70,430

    TY 2014 InvestmentsOtherSchedule2
    Name:
    FRESH SOUND FOUNDATION INC
    EIN: 06-1428363
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARJUNA INC & IMPACT FUND AT COST 100,000 102,091
    COLCHIS MARLETTE INCOME FUND AT COST 262,500 264,695
    COMMUNITY REINVESTMENT ACT QUAL AT COST 103,364 99,124
    DOUBLELINE TOTAL RETURN BOND FUND AT COST 207,466 206,282
    EXCALIBUR PARTNERS LLP AT COST 0 0
    HIGHWATER GLOBAL FUND, LLC AT COST 260,383 379,179
    MARLETTE FUNDING INC AT COST 25,000 23,425
    NOTHUNG PARTNERS LLP AT COST 3,364 0
    OPPENHEIMER SR FLOAT RATE AT COST 107,438 102,886
    PRUDENTIAL HIGH YIELD FUND AT COST 104,413 104,211
    SUN INITIATIVE FINANCING AT COST 50,000 50,000

    TY 2014 LegalFeesSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN: 06-1428363
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 13,306 0   0


    TY 2014 OtherExpensesSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN: 06-1428363
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 126 126   0
    BENEFACTOR ADVISOR 33,020 33,020   0
    INVESTMENT EXPENSE 13,182 13,182   0
    WEB DESIGN 144 0   0


    TY 2014 OtherIncomeSchedule2
    Name:
    FRESH SOUND FOUNDATION INC
    EIN: 06-1428363
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INVESTMENT INCOME 48,958 48,958  


    TY 2014 OtherLiabilitiesSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN: 06-1428363
    Description Beginning of Year - Book Value End of Year - Book Value
    KINDER MORGAN CAPITAL ACCOUNT 45,342 0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN: 06-1428363
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY BALDWIN 50,420 50,420   0
    INVESTMENT ADVISORY REYNDERS 7,500 7,500   0


    TY 2014 TaxesSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN: 06-1428363
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 4,462 4,462   0
    FEDERAL TAXES 18,466 18,466   0