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
CARL W JOHNSON FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)5900 WILSHIRE BOULEVARD SUITE 2300   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90036
A Employer identification number

95-4438839
B Telephone number (see instructions)

(323) 634-2400
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$5,887,491J 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 9,169 9,149  
4 Dividends and interest from securities...... 153,606 145,935  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 287,055
b Gross sales price for all assets on line 6a 2,716,031
7 Capital gain net income (from Part IV, line 2)... 287,055
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 6,129 6,130  
12 Total. Add lines 1 through 11........ 455,959 448,269  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 69,794 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,369 0   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 63,444 59,637   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 134,607 59,637   0
25 Contributions, gifts, grants paid........ 279,500 279,500
26 Total expenses and disbursements. Add lines 24 and 25 414,107 59,637   279,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 41,852
b Net investment income (if negative, enter -0-) 388,632
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............... 16,866 12,102 12,102
2 Savings and temporary cash investments.......... 21,295 347,388 347,388
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)........ 4,146,838 Click to see attachment4,045,786 5,430,494
c Investments—corporate bonds (attach schedule)........ 175,231    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 89,118 Click to see attachment81,445 97,506
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1 Click to see attachment1 Click to see attachment1
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,449,349 4,486,722 5,887,491
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 4,449,349 4,486,722
30 Total net assets or fund balances (see instructions)...... 4,449,349 4,486,722
31 Total liabilities and net assets/fund balances (see instructions).. 4,449,349 4,486,722
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 4,449,349
2 Enter amount from Part I, line 27a..................... 2 41,852
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 4,491,201
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 4,479
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,486,722
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 10495.37 SHS LORD ABBETT SHORT DURATION P 2001-08-17 2014-01-06
b 2691.44 SHS LORD ABBETT SHORT DURATION P 2001-04-17 2014-01-06
c 558.75 SHS PROCTER & GAMBLE CO P 2000-06-26 2001-01-22
d 341.25 SHS PROCTER & GAMBLE CO P 2000-07-22 2001-01-22
e 2356.27 SHS GOLDMAN SACHS STRATEGIC INC P 2001-03-12 2001-01-28
400 SHS ISHARES BARCLAYS INT CRDT BD P 2001-06-20 2001-01-28
1000 SHS BANK OF AMERICA CORP. P 2001-03-19 2001-01-30
100 SHS BOEING CO. P 1920-12-20 2001-01-30
100 SHS CELGENE CORP P 2011-02-01 2001-01-30
100 SHS DISNEY WALT CO. P 2001-06-30 2001-01-30
150 SHS FIRST TRUST DJ INTERNET FD P 2001-05-25 2001-01-30
300 SHS GILEAD SCIENCES INC. P 2010-06-02 2001-01-30
1928.64 SHS GOLDMAN SACHS N-11 EQUITY P 2001-09-14 2001-01-30
500 SHS ISHARES MSCI HONG KONG ETF P 2013-02-06 2001-01-30
184 SHS ISHARES TR MSCI EAFE ETF P 2010-07-08 2001-01-30
50 SHS ISHARES PHLX SEMICDCTRS ETF P 2000-09-17 2001-01-30
50 SHS ISHARES PHLX SEMICDCTRS ETF P 2000-02-20 2001-01-30
50 SHS ISHARES US INDUSTRL ETF P 2001-07-19 2001-01-30
217 SHS ISHARES BROKER DEALER INDEX P 2001-07-18 2001-01-30
349 SHS SPDR S&P FINANCIAL ETF P 2012-04-02 2001-01-30
50 SHS UNITED TECHNOLOGIES CORP. P 2001-10-04 2001-01-30
403 SHS FAMOUS DAVES INC. P 2000-11-08 2001-02-12
300 SHS FAMOUS DAVES INC. P 2000-11-08 2001-02-13
121 SHS ABBVIE INC P 2001-06-12 2001-02-25
50 SHS DISNEY WALT CO. P 2001-06-30 2001-02-25
497 SHS FAMOUS DAVES INC. P 2000-11-08 2001-02-25
100 SHS GILEAD SCIENCES INC. P 2010-06-02 2001-02-25
100 SHS ISHARES TR MSCI EAFE ETF P 2010-07-08 2001-02-25
200 SHS FAMOUS DAVES INC. P 2000-11-08 2001-03-17
200 SHS FAMOUS DAVES INC. P 2000-11-08 2001-03-17
100 SHS FAMOUS DAVES INC. P 2000-11-08 2001-03-17
90000 SHS HCA INC. 5.750% DUE 03-15-14 P 2001-04-19 2001-03-17
50 SHS AMGEN INC. P 2000-07-22 2001-03-19
9650.81 SHS GOLDMAN SACHS EMG MKTS P 1920-11-19 2001-03-24
5512.68 SHS GOLDMAN SACHS EMG MKTS P 1920-10-12 2001-03-24
85000 SHS PULTE GROUP INC. 5.200% DUE 02-15-15 P 2011-01-03 2001-03-26
37.49 SHS GOLDMAN SACHS STRATEGIC INC P 2001-03-12 2014-04-07
2314.34 SHS GOLDMAN SACHS STRATEGIC INC P 2001-07-12 2014-04-07
2840.91 SHS GOLDMAN SACHS STRATEGIC INC P 2001-07-12 2001-04-10
1317 SHS CITIGROUP INC. P 2014-01-06 2001-04-28
1559 SHS FORTUNE BRANDS HOME & SEC P 2014-02-06 2001-04-28
1244 SHS JP MORGAN CHASE & CO. P 2014-02-05 2014-05-05
4404 SHS BANK OF AMERICA CORP. P 2001-03-19 2014-05-06
3100 SHS ARES CAPITAL CORP P 1920-11-10 2014-05-08
500 SHS ARES CAPITAL CORP P 2011-09-08 2014-05-08
1500 SHS ISHARES TR DJ HOME CONSTN P 2001-11-04 2001-05-15
1500 SHS ISHARES TR DJ HOME CONSTN P 2011-09-08 2001-05-15
845 SHS PROSHARES ULTRASHT 20 YR TSY P 2014-04-03 2014-07-07
3330 SHS WESCO AIRCRAFT HOLDINGS P 2001-02-28 2014-07-08
15235 SHS FEDERAL NATL MTG ASSOC P 2014-05-08 2001-08-13
1011 SHS ISHARES MSCI HONG KONG ETF P 2013-02-06 2001-08-21
274 SHS ISHARES MSCI HONG KONG ETF P 1920-10-25 2001-08-21
150 SHS ABBVIE INC P 2001-06-12 2001-09-18
50 SHS AMGEN INC. P 2000-07-22 2001-09-18
140 SHS APPLE INC P 2001-03-26 2001-09-18
10 SHS APPLE INC P 2001-01-28 2001-09-18
50 SHS DISNEY WALT CO. P 2001-06-30 2001-09-18
6500 SHS VISION SCIENCES INC. P 2000-05-14 2001-09-18
148 SHS ISHARES TR MSCI EAFE ETF P 2010-07-08 2001-09-25
1000 SHS EATON CORP PLC P 2001-12-03 2001-10-01
629 SHS MONSANTO CO. P 2001-08-13 2001-10-01
4372.24 SHS THORNBURG INTL GROWTH P 2013-09-03 2001-10-01
1383 SHS VANGUARD MSCI EUROPE P 2013-08-01 2001-10-01
8297.85 SHS PIMCO SENIOR FLTG RATE INSTL P 2014-04-01 2001-10-03
9339.97 SHS JANUS HIGH YIELD J SHS P 2000-09-10 1920-10-15
650 SHS UNITED TECHNOLOGIES CORP. P 2001-10-04 1920-10-15
3500 SHS EATON VANCE FLOATING RATE P 2001-04-13 1920-10-20
1500 SHS EATON VANCE FLOATING RATE P 1920-10-15 1920-10-20
499 SHS PROSHARES ULTRASHT 20 YR TSY P 2001-04-30 1920-11-25
498 SHS PROSHARES ULTRASHT 20 YR TSY P 2014-05-07 1920-11-25
570 SHS PROSHARES ULTRASHT 20 YR TSY P 2001-05-15 1920-11-26
552 SHS PROSHARES ULTRASHT 20 YR TSY P 2001-05-28 1920-11-26
615 SHS PROSHARES ULTRASHT 20 YR TSY P 2001-08-15 1920-11-26
624 SHS PROSHARES ULTRASHT 20 YR TSY P 1920-10-14 1920-11-26
2806 SHS PATTERSON UTI ENERGY P 1920-10-21 2001-12-01
2000 SHS WESTERN ASSET HIGH INCOME P 2000-08-29 2001-12-01
3500 SHS WESTERN ASSET HIGH INCOME P 2000-09-10 2001-12-01
1500 SHS WESTERN ASSET HIGH INCOME P 1920-12-12 2001-12-01
2000 SHS WESTERN ASSET HIGH INCOME P 2001-07-12 2001-12-01
150 SHS ABBVIE INC P 2001-07-12 1920-12-11
136 SHS AMERICAN INTL GROUP P 1920-11-21 1920-12-11
50 SHS AMGEN INC. P 2000-07-22 1920-12-11
100 SHS APPLE INC P 2001-01-28 1920-12-11
60 SHS BERKSHIRE HATHAWAY CL B P 2010-06-09 1920-12-11
30 SHS BLACKROCK INC. P 1920-12-14 1920-12-11
200 SHS BLACKSTONE GROUP P 2014-05-09 1920-12-11
90 SHS CELGENE CORP P 2011-02-01 1920-12-11
150 SHS ENANTA PHARMACEUTICALS P 1920-11-20 1920-12-11
300 SHS GILEAD SCIENCES INC. P 2010-06-02 1920-12-11
200 SHS HSN INC. P 2012-04-03 1920-12-11
100 SHS ISHARES PHLX SEMICDCTRS ETF P 2000-02-20 1920-12-11
50 SHS ISHARES US INDUSTRL ETF P 2001-07-19 1920-12-11
50 SHS JOHNSON & JOHNSON P 2000-07-11 1920-12-11
100 SHS MYLAN NV P 2014-05-09 1920-12-11
50 SHS PEPSI CO. INC. P 2000-06-26 1920-12-11
100 SHS 3M COMPANY P 2000-01-14 1920-12-11
78 SHS UNITED HEALTHCARE P 1920-10-15 1920-12-11
56 SHS VISA INC. P 2014-04-07 1920-12-11
2000 SHS SPDR BARCLAYS HIGH YLD ETF P 2009-09-03 1920-12-12
50 SHS AMGEN INC. P 2000-07-22 1920-12-15
30 SHS APPLE INC P 2001-01-28 1920-12-15
70 SHS APPLE INC P 2000-03-29 1920-12-15
40 SHS BERKSHIRE HATHAWAY CL B P 2010-06-09 1920-12-15
150 SHS CELGENE CORP P 2011-02-01 1920-12-15
100 SHS GILEAD SCIENCES INC. P 2010-06-02 1920-12-15
100 SHS INTERNATIONAL PAPER CO. P 2014-07-08 1920-12-15
60 SHS ISHARES PHLX SEMICDCTRS ETF P 2000-02-20 1920-12-15
150 SHS ISHARES BROKER DEALER INDEX P 2001-07-18 1920-12-15
300 SHS SPDR S&P FINANCIAL ETF P 2012-04-02 1920-12-15
30 SHS ORACLE CORPORATION P 2009-03-02 1920-12-22
270 SHS ORACLE CORPORATION P 2009-03-02 1920-12-22
CLASS ACTION P 2014-06-04 2014-06-04
CLASS ACTION P 2014-06-04 2014-06-04
CLASS ACTION P 2014-09-05 2014-09-05
CLASS ACTION P 2014-10-09 2014-10-09
CLASS ACTION P 2014-12-03 2014-12-03
CLASS ACTION P 2014-12-15 2014-12-15
CLASS ACTION P 2014-12-15 2014-12-15
CLASS ACTION P 2014-12-23 2014-12-23
FORM 2439: UNDISTRIBUTED CAPITAL GAINS P    
MORGAN INVESTORS V K1 P    
MORGAN INVESTORS VIII K1 P    
MORGAN INVESTORS X K1 P    
THE BLACKSTONE GROUP LP K1 P    
THE BLACKSTONE GROUP LP K1 P    
MORGAN INVESTORS VIII LOSS DISALLOWED P    
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 47,730   48,398 -668
b 12,240   12,357 -117
c 44,293   19,133 25,160
d 27,051   9,940 17,111
e 24,970   24,821 149
43,451   43,016 435
16,857   12,852 4,005
12,988   6,318 6,670
15,593   5,235 10,358
7,329   3,229 4,100
9,097   5,391 3,706
24,582   5,321 19,261
19,970   18,152 1,818
9,618   10,028 -410
11,884   9,145 2,739
3,605   2,081 1,524
3,605   1,328 2,277
4,867   3,449 1,418
8,077   7,027 1,050
7,413   5,563 1,850
5,740   3,418 2,322
9,039   2,418 6,621
6,797   1,800 4,997
6,128   5,194 934
4,007   1,614 2,393
13,033   2,982 10,051
8,379   1,774 6,605
6,744   4,970 1,774
5,868   1,200 4,668
5,874   1,200 4,674
2,944   600 2,344
90,000   92,250 -2,250
6,318   1,806 4,512
79,213   95,186 -15,973
45,248   50,030 -4,782
88,650   82,981 5,669
398   395 3
24,572   24,331 241
29,970   29,867 103
62,312   70,911 -8,599
61,306   68,723 -7,417
67,412   68,793 -1,381
64,996   56,601 8,395
51,719   50,625 1,094
8,342   7,407 935
34,048   18,210 15,838
34,048   14,751 19,297
52,796   58,116 -5,320
64,915   72,502 -7,587
58,192   63,438 -5,246
22,650   20,276 2,374
6,139   5,183 956
8,897   6,439 2,458
7,070   1,807 5,263
14,250   9,246 5,004
1,018   645 373
4,512   1,614 2,898
6,363   28,043 -21,680
9,532   7,356 2,176
63,127   51,279 11,848
70,069   73,458 -3,389
84,704   87,300 -2,596
75,728   72,339 3,389
83,861   85,000 -1,139
83,313   75,000 8,313
63,376   44,431 18,945
49,727   57,326 -7,599
21,312   24,368 -3,056
25,733   32,329 -6,596
25,673   31,357 -5,684
28,795   34,675 -5,880
27,886   33,167 -5,281
31,068   34,183 -3,115
31,523   32,231 -708
48,579   72,105 -23,526
16,747   23,173 -6,426
29,307   39,722 -10,415
12,560   16,590 -4,030
16,747   17,958 -1,211
10,092   6,439 3,653
7,574   6,638 936
8,372   1,807 6,565
11,297   6,446 4,851
9,037   4,366 4,671
10,718   5,029 5,689
6,788   5,500 1,288
10,559   2,356 8,203
6,964   6,650 314
31,650   5,321 26,329
14,660   7,556 7,104
9,374   2,657 6,717
5,269   3,449 1,820
5,334   2,488 2,846
5,494   4,588 906
4,822   2,409 2,413
15,970   5,514 10,456
7,804   6,346 1,458
14,831   11,427 3,404
75,362   71,059 4,303
7,975   1,807 6,168
3,238   1,934 1,304
7,555   588 6,967
5,855   2,911 2,944
16,776   3,927 12,849
10,272   1,774 8,498
5,269   4,909 360
5,447   1,594 3,853
6,110   4,858 1,252
7,172   4,782 2,390
1,367   462 905
12,368   4,154 8,214
20     20
11     11
195     195
150     150
1,728     1,728
243     243
132     132
18     18
783     783
    364 -364
    1,390 -1,390
14,231     14,231
23     23
1,302     1,302
1,299     1,299
10,027     10,027
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       -668
b       -117
c       25,160
d       17,111
e       149
      435
      4,005
      6,670
      10,358
      4,100
      3,706
      19,261
      1,818
      -410
      2,739
      1,524
      2,277
      1,418
      1,050
      1,850
      2,322
      6,621
      4,997
      934
      2,393
      10,051
      6,605
      1,774
      4,668
      4,674
      2,344
      -2,250
      4,512
      -15,973
      -4,782
      5,669
      3
      241
      103
      -8,599
      -7,417
      -1,381
      8,395
      1,094
      935
      15,838
      19,297
      -5,320
      -7,587
      -5,246
      2,374
      956
      2,458
      5,263
      5,004
      373
      2,898
      -21,680
      2,176
      11,848
      -3,389
      -2,596
      3,389
      -1,139
      8,313
      18,945
      -7,599
      -3,056
      -6,596
      -5,684
      -5,880
      -5,281
      -3,115
      -708
      -23,526
      -6,426
      -10,415
      -4,030
      -1,211
      3,653
      936
      6,565
      4,851
      4,671
      5,689
      1,288
      8,203
      314
      26,329
      7,104
      6,717
      1,820
      2,846
      906
      2,413
      10,456
      1,458
      3,404
      4,303
      6,168
      1,304
      6,967
      2,944
      12,849
      8,498
      360
      3,853
      1,252
      2,390
      905
      8,214
      20
      11
      195
      150
      1,728
      243
      132
      18
      783
      -364
      -1,390
      14,231
      23
      1,302
      1,299
      10,027
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 2 287,055
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 292,138 5,747,765 0.050826
2012 277,138 5,443,446 0.050912
2011 257,500 5,652,564 0.045555
2010 295,272 5,448,181 0.054196
2009 221,750 4,865,488 0.045576
2 Total of line 1, column (d) ...................... 2 0.247065
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 0.049413
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 5,942,140
5 Multiply line 4 by line 3....................... 5 293,619
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,886
7 Add lines 5 and 6......................... 7 297,505
8 Enter qualifying distributions from Part XII, line 4.............. 8 279,500
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 7,773
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 7,773
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 7,773
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 3,276
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,000
d Backup withholding erroneously withheld ........... 6d 274
7 Total credits and payments. Add lines 6a through 6d.............. 7 16,550
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,777
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet8,777 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)
    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 ofbulletJESS S MORGAN & COMPANY INC Telephone no.bullet (323) 634-2400
    Located atbullet5900 WILSHIRE BLVD SUITE 2300LOS ANGELESCA ZIP+4bullet90036
    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
    WALLACE D FRANSON PRESIDENT
    0.00     		0 0 0
    5900 WILSHIRE BOULEVARD SUITE 2300
    LOS ANGELES,CA90036
    DAVID D WATTS SECRETARY
    0.00     		0 0 0
    5900 WILSHIRE BOULEVARD SUITE 2300
    LOS ANGELES,CA90036
    TIM BODNER TREASURER
    0.00     		0 0 0
    5900 WILSHIRE BOULEVARD SUITE 2300
    LOS ANGELES,CA90036
    KATHLEEN NELSON DIRECTOR
    0.00     		0 0 0
    5900 WILSHIRE BOULEVARD SUITE 2300
    LOS ANGELES,CA90036
    CHRISTOPHER D MONTAN DIRECTOR
    0.00     		0 0 0
    5900 WILSHIRE BOULEVARD SUITE 2300
    LOS ANGELES,CA90036
    GENE TORNCELLO DIRECTOR
    0.00     		0 0 0
    5900 WILSHIRE BOULEVARD SUITE 2300
    LOS ANGELES,CA90036
    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
    5,754,878
    b
    Average of monthly cash balances.......................
    1b
    165,772
    c
    Fair market value of all other assets (see instructions)................
    1c
    111,979
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,032,629
    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
    6,032,629
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    90,489
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,942,140
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    297,107
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    297,107
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    7,773
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,773
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    289,334
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    289,334
    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
    289,334
    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
    279,500
    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
    279,500
    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
    279,500
    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 7 289,334
    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.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012....... 957
    e From 2013....... 10,474
    fTotal of lines 3a through e......... 11,431
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 279,500
    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..... 279,500
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 9,834 9,834
    (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 1,597
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,597
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013.... 1,597
    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 e-mail address of the person to whom applications should be addressed:
    SUSAN J OLLWEILER EXEC DIR CARL W J
    5900 WILSHIRE BOULEVARD SUITE 2300
    LOS ANGELES,CA90036
    (323) 634-2400
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD BE IN WRITING AND MUST INCLDE A DESCRIPTION OF THE CHARITABLE PURPOSE. ADDITIONALLY, PLEASE INCLUDE THE MOST RECENT FORM 990/ 990PF, BUDGET, 501(C)(3) LETTER AND LIST OF MAJOR CONTRIBUTORS.
    cAny submission deadlines:
    AUGUST 1ST OF EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION CONCENTRATES ITS SUPPORT IN THE AREAS OF EDUCATION, HEALTH CARE AND AIDING INDIVIDUALS WITH DEVELOPMENTAL NEEDS. THE FOUNDATION DIRECTS THE MAJORITY OF ITS SUPPORT TO ORGANIZATIONS IN SOUTHERN CALIFORNIA.
    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
    BOYS & GIRLS CLUB OF BURBANK
    2244 N BUENA VISTA STREET
    BURBANK,CA915043308     		NONE PUBLIC CHARITY GENERAL 5,000
    CALIFORNIA STATE UNIVERSITY LONG BEACH
    1250 BELLFLOWER BLVD
    LONG BEACH,CA90840     		NONE PUBLIC CHARITY GENERAL 45,000
    CANINE COMPANIONS FOR INDEPENDENCE
    2965 DUTTON AVE
    SANTA ROSA,CA954075711     		NONE PUBLIC CHARITY GENERAL 10,000
    CHILDRENS HOSPITAL LOS ANGELES FOUNDATION
    4650 SUNSET BOULEVARD 29
    LOS ANGELES,CA90027     		NONE PUBLIC CHARITY GENERAL 25,000
    CHRYSALIS
    522 S MAIN STREET
    LOS ANGELES,CA90013     		NONE PUBLIC CHARITY GENERAL 5,000
    CITY OF HOPE
    1055 WILSHIRE BLVD
    LOS ANGELES,CA90017     		NONE PUBLIC CHARITY GENERAL 25,000
    FRIENDS OF THE OBSERVATORY
    2800 EAST OBSERVATORY ROAD
    LOS ANGELES,CA90027     		NONE PUBLIC CHARITY GENERAL 10,000
    GREATER LOS ANGELES ZOO ASSOCIATION
    5333 ZOO DRIVE
    LOS ANGELES,CA90027     		NONE PUBLIC CHARITY GENERAL 10,000
    LOS ANGELES HABILITATION HOUSE
    2041 SAN GABRIEL AVE
    LONG BEACH,CA90810     		NONE PUBLIC CHARITY GENERAL 10,000
    NEW DIRECTIONS
    5276 HOLLISTER AVENUE 207
    SANTA BARBARA,CA93111     		NONE PUBLIC CHARITY GENERAL 26,000
    SEAL BEACH SWIM CLUB
    11200 LEXINGTON DR
    LOS ALAMITOS,CA90720     		NONE PUBLIC CHARITY GENERAL 5,000
    TAKING THE REINS
    3919 RIGALI AVE
    LOS ANGELES,CA90039     		NONE PUBLIC CHARITY GENERAL 5,000
    THE ACHIEVABLE FOUNDATION
    5901 GREEN VALLEY CIRCLE SUITE 320
    CULVER CITY,CA90230     		NONE PUBLIC CHARITY GENERAL 7,500
    THE PAINTED TURTLE
    1300 4TH STREET SUITE 300
    SANTA MONICA,CA90401     		NONE PUBLIC CHARITY GENERAL 20,000
    UNIVERSITY OF CALIFORNIA AT BERKELEY SCHOOL OF ENGINEERING
    2080 ADDISON STREET
    BERKELEY,CA94720     		NONE PUBLIC CHARITY GENERAL 36,000
    WLACC - CAMP EMERALD BAY
    16525 SHERMAN WAY STE C8
    VAN NUYS,CA914063753     		NONE PUBLIC CHARITY GENERAL 10,000
    SPECIAL OLYMPICS SOUTHERN CALIFORNIA
    633 W 5TH ST STE 2000
    LOS ANGELES,CA90071     		NONE PUBLIC CHARITY GENERAL 25,000
    Total .................................bullet 3a 279,500
    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 9,169  
    4 Dividends and interest from securities....     14 153,606  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 287,055  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aMORGAN INVESTORS VIII          
    bPOWERSHARES DB US DOLLAR INDEX   5,599      
    cTHE BLACKSTONE GROUP L.P.   530      
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 6,129 449,830 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13455,959
    (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:
    CARL W JOHNSON FOUNDATION
    EIN: 95-4438839
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BUSINESS MANAGEMENT FEES 69,794 0   0

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    CARL W JOHNSON FOUNDATION
    EIN: 95-4438839
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 4,045,786 5,430,494

    TY 2014 InvestmentsOtherSchedule2
    Name:
    CARL W JOHNSON FOUNDATION
    EIN: 95-4438839
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MORGAN INVESTORS IV PARTNERSHIP FMV 4,269 2,495
    MORGAN INVESTORS V PARTNERSHIP FMV 2,568 3,630
    MORGAN INVESTORS VIII PARTNERSHIP FMV 0 14,519
    MORGAN INVESTORS X PARTNERSHIP FMV 74,608 76,862

    TY 2014 OtherAssetsSchedule
    Name:
    CARL W JOHNSON FOUNDATION
    EIN: 95-4438839
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    FINE ARTS AND MEMORABILIA 1 1 1


    TY 2014 OtherDecreasesSchedule
    Name:
    CARL W JOHNSON FOUNDATION
    EIN: 95-4438839
    Description Amount
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    CARL W JOHNSON FOUNDATION
    EIN: 95-4438839
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 59,004 59,004   0
    OFFICE SUPPLIES & MISCELLANEOUS 257 0   0
    TRAVEL 1,558 0   0
    INSURANCE 1,250 0   0
    DUES 725 0   0
    MORGAN INVESTORS IV - OFFICE SUPPLIES & MISC 2 2   0
    MORGAN INVESTORS IV - BANK AND CUSTODIAL FEES 13 13   0
    MORGAN INVESTORS V - BANK AND CUSTODIAL FEES 30 30   0
    MORGAN INVESTORS V - 2% PORTFOLIO DEDUCTIONS FROM SCHEDULE OF ACTIVITIES 15 15   0
    MORGAN INVESTORS V - OFFICE SUPPLIES & MISC 4 4   0
    MORGAN INVESTORS VIII - 2% PORTFOLIO DEDUCTIONS FROM PASSTHRU ENTITIES 10 10   0
    MORGAN INVESTORS VIII - BANK AND CUSTODIAL FEES 24 24   0
    MORGAN INVESTORS VIII - OFFICE SUPPLIES & MISC 3 3   0
    MORGAN INVESTORS VIII - PORTFOLIO DEDUCTIONS FROM PASSTHROUGH ENTITIES 1 1   0
    MORGAN INVESTORS VIII - MISCELLANEOUS EXPENSE 3 3   0
    MORGAN INVESTORS X - 2% PORTFOLIO DEDUCTIONS FROM PASSTHRU ENTITIES 51 51   0
    MORGAN INVESTORS X - NON-DEDUCTIBLE EXPENSES 13 0   0
    MORGAN INVESTORS X - OFFICE SUPPLIES & MISC 2 2   0
    MORGAN INVESTORS X - BANK AND CUSTODIAL FEES 45 45   0
    MORGAN INVESTORS X - PORTFOLIO DEDUCTIONS FROM PASSTHRU ENTITIES 1 1   0
    POWERSHARES DB US DOLLAR INDEX - 2% PORTFOLIO DEDUCTIONS 137 137   0
    THE BLACKSTONE GROUP LP - INVESTMENT INTEREST EXPENSE 5 5   0
    THE BLACKSTONE GROUP LP - ROYALTY INCOME DEDUCTIONS 8 8   0
    THE BLACKSTONE GROUP LP - 2% PORTFOLIO DEDUCTIONS 23 23   0
    THE BLACKSTONE GROUP LP - OTHER DEDUCTIONS 20 16   0
    MORGAN INVESTORS X - ORDINARY BUSINESS LOSS 240 240   0


    TY 2014 OtherIncomeSchedule2
    Name:
    CARL W JOHNSON FOUNDATION
    EIN: 95-4438839
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    POWERSHARES DB US DOLLAR INDEX 5,599 0 5,599
    THE BLACKSTONE GROUP L.P. 530 0 530


    TY 2014 TaxesSchedule
    Name:
    CARL W JOHNSON FOUNDATION
    EIN: 95-4438839
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FRANCHISE TAX BOARD 85 0   0
    FOREIGN TAXES 1,284 0   0