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
NORWIN S AND ELIZABETH N BEAN
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 326   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MANCHESTER, NH031050326
A Employer identification number

02-6013381
B Telephone number (see instructions)

(603) 625-6464
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$13,099,302J 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 36,360 36,360 36,360
4 Dividends and interest from securities...... 201,074 201,074 201,074
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,245,600
b Gross sales price for all assets on line 6a 15,598,614
7 Capital gain net income (from Part IV, line 2)... 2,245,600
8 Net short-term capital gain......... 363,272
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 247   247
12 Total. Add lines 1 through 11........ 2,483,281 2,483,034 600,953
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,500 2,100   8,400
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 11,250 2,250   9,000
c Other professional fees (attach schedule).... Click to see attachment 107,972 52,062 41,547 55,910
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,662 932 3,496 3,730
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 8,911 1,782   7,129
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 143,295 59,126 45,043 84,169
25 Contributions, gifts, grants paid........ 536,402 536,402
26 Total expenses and disbursements. Add lines 24 and 25 679,697 59,126 45,043 620,571
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,803,584
b Net investment income (if negative, enter -0-) 2,423,908
c Adjusted net income (if negative, enter -0-)... 555,910
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 1,009,265 1,320,255 1,320,255
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 7,032,985 Click to see attachment9,069,438 10,103,965
c Investments—corporate bonds (attach schedule)........ 1,985,783 Click to see attachment1,441,924 1,425,082
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment250,000 Click to see attachment250,000 Click to see attachment250,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,278,033 12,081,617 13,099,302
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
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 10,278,033 12,081,617
30 Total net assets or fund balances (see instructions)...... 10,278,033 12,081,617
31 Total liabilities and net assets/fund balances (see instructions).. 10,278,033 12,081,617
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 10,278,033
2 Enter amount from Part I, line 27a..................... 2 1,803,584
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 12,081,617
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 12,081,617
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 GS 12188-7 - NOT COVERED NO BASIS P    
b GS 55079-7 LONG TERM COVERED P    
c GS 12188-7 LONG TERM COVERED P    
d GS 55079-7 SHORT TERM COVERED P    
e GS 12188-7 SHORT TERM COVERED P    
GS 45968-6 - NOT COVERED NO BASIS P    
GS 45698-6 - LONG TERM COVERED P    
GS 45698-6 - SHORT TERM COVERED P    
GS 45902-2 - NOT COVERED NO BASIS P    
GS 45602-2 - SHORT TERM COVERED P    
GS 65951-4 - SHORT TERM COVERED P    
GS 19500-6 NOT COVERED NO BASIS P    
GS 19500-6 SHORT TERM COVERED P    
GS 19474-4 SHORT TERM COVERED P    
GS 19150-0 NOT COVERED NO BASIS P    
GS 19150-0 SHORT TERM COVERED P    
GS 55079-7 NOT COVERED NO BASIS 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 1,966,636   841,725 1,124,911
b 17,352   14,212 3,140
c 35,581   29,599 5,982
d 183,825   196,667 -12,842
e 252,011   263,295 -11,284
499,590   280,225 219,365
506,157   421,074 85,083
577,594   574,934 2,660
42,238   41,160 1,078
6,501,591   6,310,698 190,893
890,266   787,775 102,491
159,370   100,817 58,553
1,175,202   1,150,763 24,439
1,443,369   1,375,369 68,000
508,129   321,123 187,006
632,006   634,169 -2,163
14,401   9,409 4,992
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       1,124,911
b       3,140
c       5,982
d       -12,842
e       -11,284
      219,365
      85,083
      2,660
      1,078
      190,893
      102,491
      58,553
      24,439
      68,000
      187,006
      -2,163
      4,992
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 2,245,600
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 3 363,272
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 609,832 13,197,538 0.046208
2012 402,355 11,106,882 0.036226
2011 483,034 11,200,818 0.043125
2010 452,886 11,466,211 0.039497
2009 445,041 10,306,172 0.043182
2 Total of line 1, column (d) ...................... 2 0.208238
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 0.041648
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 12,868,698
5 Multiply line 4 by line 3....................... 5 535,956
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 24,239
7 Add lines 5 and 6......................... 7 560,195
8 Enter qualifying distributions from Part XII, line 4.............. 8 620,571
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 24,239
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  
3 Add lines 1 and 2........................... 3 24,239
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 24,239
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 10,850
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 11,250
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 22,100
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 2,139
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletNH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.BEANFOUNDATION.ORG
    14
    The books are in care ofbulletTHOMAS J DONOVAN Telephone no.bullet (603) 625-6464
    Located atbullet900 ELM STREETMANCHESTERNH ZIP+4bullet03105-0326
    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
     
     
    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
    Yes
     
    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
    WILLIAM G STEELE JR SR. TRUSTEE
    2.00     		2,500 0 0
    40 STARK ST
    MANCHESTER,NH03101
    THOMAS J DONOVAN SR. TRUSTEE
    2.00     		2,500 0 0
    900 ELM ST
    MANCHESTER,NH03101
    MICHAEL C WHITNEY TRUSTEE
    2.00     		3,000 0 0
    25 BRAE BURN DRIVE
    MANCHESTER,NH03101
    JOHN F DINKEL TRUSTEE
    2.00     		0 0 0
    3 BELDENS MILL LANE
    AMHERST,NH03031
    CATHRYN E VAUGHN TRUSTEE
    2.00     		2,500 0 0
    1333 BEECH STREET
    MANCHESTER,NH03104
    WILLIAM DUNLAP TRUSTEE DESI
    2.00     		0 0 0
    141 AMHERST STREET
    AMHERST,NH03031
    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  
    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.............bullet  
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,649,908
    b
    Average of monthly cash balances.......................
    1b
    1,164,760
    c
    Fair market value of all other assets (see instructions)................
    1c
    250,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,064,668
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    13,064,668
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    195,970
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,868,698
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    643,435
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    643,435
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    24,239
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,239
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    619,196
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    619,196
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    619,196
    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
    620,571
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    620,571
    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
    24,239
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    596,332
    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 7 619,196
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 579,375
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 620,571
    a Applied to 2013, but not more than line 2a 579,375
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 41,196
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		578,000
    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) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NORWIN S AND ELIZABETH N BEAN FDN
    40 STARK STREET
    MANCHESTER,NH03101
    (603) 493-7257
    bThe form in which applications should be submitted and information and materials they should include:
    IN ALL CASES APPLICATIONS SHOULD INCLUDE: A COMPLETED BEAN FOUNDATION APPLICATION COVER SHEET. A NARRATIVE WHICH EXPLAINS THE PURPOSE OF THE PROJECT AND DESCRIBES HOW THAT PURPOSE WILL BE ACCOMPLISHED. ITEMIZED INCOME AND EXPENSE BUDGET FOR THE PROJECT INDICATING KNOWN AND PROJECTED SOURCES OF FINANCIAL SUPPORT. LAST AVAILABLE FINANCIAL STATEMENT (PREFERABLY AUDITED) AND CURRENT YEAR'S OPERATING BUDGET FOR THE ORGANIZATION. LISTING OF THE BOARD OF DIRECTORS WITH THEIR PROFESSIONAL AFFILIATIONS. ORGANIZATION'S INTERNAL REVENUE SERVICE EXEMPTION LETTER. BE SURE THE FEDERAL IDENTIFICATION NUMBER IS INCLUDED
    cAny submission deadlines:
    APPLICATION DEADLINE (POSTMARKED BY) GRANTMAKING MEETING DECEMBER 1 FEBRUARY APRIL 1 JUNE SEPTEMBER
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICATIONS ARE ACCEPTED FROM NONPROFIT 501(C)3 ORGANIZATIONS AND MUNICIPAL AND PUBLIC AGENCIES SERVING THE COMMUNITIES OF MANCHESTER AND AMHERST, NEW HAMPSHIRE. PRIORITY CONSIDERATION IS GIVEN TO ORGANIZATIONS OPERATING PRIMARILY IN THOSE TWO COMMUNITIES. HOWEVER, THE FOUNDATION WILL CONSIDER APPLICATIONS FROM STATEWIDE OR REGIONAL ORGANIZATIONS WHICH PROVIDE A SUBSTANTIAL AND DOCUMENTED LEVEL OF SERVICE TO MANCHESTER AND AMHERST. THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS OR PROVIDE SCHOLARSHIP AID. IT ALSO WILL NOT FUND PROGRAMS OR ACTIVITIES WHICH HAVE ALREADY TAKEN PLACE.
    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
    AMHERST LAND TRUST
    141 AMHERST STREET
    AMHERST,NH03031     		    SEED FUNDING 5,000
    ANDY'S SUMMER PLAYHOUSE
    PO BOX
    WILTON,NH03086     		    SUMMER PERFORMANCE PROGRAM 1,250
    ANIMAL RESCUE LEAGUE OF NH
    545 ROUTE 101
    BEDFORD,NH03110     		    TOWARDS NEW PHONE SYSTEM 10,000
    AUDOBON SOCIETY OF NH
    84 SILK FARM ROAD
    CONCORD,NH03301     		    EDUCATIONAL PROGRAMS 6,000
    BEAN FOUNDATION DONOR ADVISED FUND
    37 PLEASANT STREET
    CONCORD,NH03301     		    DONOR ADVISED FUNDS 50,000
    BHUTANESE COMMUNITY OF NH
    510 CHESTNUT STREET
    MANCHESTER,NH03101     		    STRATEGIC PLAN DEVELOPMENT 11,816
    CASA OF NH
    PO BOX 1327
    MANCHESTER,NH03105     		    TRAINING PROGRAM 12,000
    DENTAL LIFELINE NETWORK - NH
    PO BOX 3487
    CONCORD,NH03301     		    DONATED DENTAL SERVICES 5,000
    GIRLS AT WORK INC
    PO BOX 724
    GOFFSTOWN,NH03045     		    AFTER SCHOOL WORKSHOPS 7,500
    HARRY GREGG FOUNDATION
    1 VERNEY DRIVE
    GREENFIELD,NH03047     		    SERVICES FOR INDIV WITH DISABILITES 7,000
    HOLY CROSS FAMILY LEARNING CENTER
    438 DUBUQUE STREET
    MANCHESTER,NH03102     		    HIRE A COMPUTER TEACHER 15,000
    INTI ACADEMY
    PO BOX 3464
    MANCHESTER,NH03105     		    AFTER SCHOOL ACADEMICS 14,000
    LEARN TO READ
    405 PINE STREET
    MANCHESTER,NH03101     		    TRAIN VOLUNTEER TUTORS 8,000
    MANCHESTER CHORAL SOCIETY
    88 HANOVER STREET
    MANCHESTER,NH03101     		    MASTERWORK SERIES 2,500
    MANCHESTER COMMUNITY MUSIC SCHOOL
    2291 ELM STREET
    MANCHESTER,NH03104     		    MUSIC IN THE SCHOOLS 15,000
    MANCHESTER HISTORIC ASSOCIATION
    129 AMHERST STREET
    MANCHESTER,NH03101     		    MILLYARD MUSUWM 25,000
    MANCHESTER SCHOOL DISTRICT - READY
    300 YOUVILLE STREET
    MANCHESTER,NH03102     		    LITERACY PGM 25,000
    MANCHESTER SCHOOL DISTRICT - SAM
    195 MACGREGOR STREET
    MANCHESTER,NH03102     		    PROFESSIONAL DEVELOPMMENT 28,836
    MANCHESTER SCHOOL DISTRICT - STEAM
    195 MACGREGOR STREET
    MANCHESTER,NH03102     		    STEAM AHEAD PROGRAM 50,000
    MORE THAN WHEELS
    15 EAGLE COURT
    KEENE,NH03143     		    PILOT - HOME CARE AGENCIES 20,000
    NEW HAMPSHIRE CATHOLIC CHARITIES
    215 MYRTLE STREET
    MANCHESTER,NH03104     		    IMMIGRATION RELATED SERVICES 20,000
    NEW HAMPSHIRE COMMUNITY LOAN FUND
    7 WALL STREET
    CONCORD,NH03301     		    MAJOR SEWER PROJECT 10,000
    NEW HAMPSHIRE HISTORICAL SOCIETY
    30 PARK STREET
    CONCORD,NH03301     		    CREATION OF HISTORY NETWORK 25,000
    SERENITY PLACE
    101 MANCHESTER STREET
    MANCHESTER,NH03101     		    RETROFIT BUIDLING 20,000
    ST JOSEPH'S COMMUNITY SERVICES INC
    395 DANIEL WEBSTER HIWAY
    MERRIMACK,NH03054     		    MEALS ON WHEELS PROGRAM 25,000
    THE GRANITE YMCA
    117 MARKET STREET
    MANCHESTER,NH03104     		    TEEN CENTERS A YMCA 75,000
    THE WAY HOME
    214 SPRUCE STREET
    MANCHESTER,NH03103     		    INTEGR. OF HOUSING COUNSELING PGM 20,000
    WEBSTER HOUSE
    135 WEBSTER STREET
    MANCHESTER,NH03104     		    EMERGENCY SVCS FOR TEENS 10,000
    WOMEN FOR WOMEN COALITION
    540 CHESTNUT STREET
    MANCHESTER,NH03104     		    AFTER SCHOOL PROGRAM IMMIGRANTS 5,000
    WORLD AFFAIRS COUNCIL
    2500 N RIVER RD
    MANCHESTER,NH03106     		    CONFERENCE ON WORLD AFFAIRS 7,500
    Total .................................bullet 3a 536,402
    bApproved for future payment
    Total .................................bullet 3b  
    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 36,360  
    4 Dividends and interest from securities....     14 201,074  
    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 .............     		        2,245,600
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aMISCELLANEOUS     14 247  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   237,681 2,245,600
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,483,281
    (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:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VACHON CLUKAY & CO PC 11,250 2,250   9,000

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CANADA 3.0% 12/01/2015    
    COMMONWEALTH OF AUSTRALIA 4.75%    
    COMMONWEALTH OF AUSTRALIA 6.25%    
    FED HOME LOAN BK 1.0% 6/21/2017    
    FED HOME LOAN BK 5.5% 8/13/2014    
    GILT (UK) 2.0% 1/22/2016    
    NORWEGIAN KRONE NGB 5.0% 5/15/2015    
    SWEDEN (KINGDOM OF) 3.0% 7/12/2016    
    SWEDEN (KINGDOM OF) 6.75% 5/5/2014    
    FED HOME LOAN BK .25% 1/16/2015    
    FED HOME LOAN BK 5.375% 5/8/16    
    FED HOME LOAN BK .375% 6/24/16    
    FED HOME LOAN BK .375% 8/28/15    
    FED HOME LOAN BK 4.875 5/17/17    
    FED HOME LOAN BK .25% 1/16/2015 99,992 100,003
    FED HOME LOAN BANK .50% 9/28/2016 99,990 99,735
    FED HOME LOAN BANK 5.375% 5/18/2016 115,346 106,669
    FED HOME LOAN BANK 1.00% 6/21/2017 100,988 100,082
    FED HOME LOAN BANK .375% 6/24/2016 149,490 149,634
    FED HOME LOAN BANK .375% 8/28/2015 200,046 200,174
    FED HOME LOAN BANK 4.875% 5/17/2017 226,072 218,470
    DEUTSCHE BANK. NOTE DUE 6/13/2018 225,000 222,547
    SOCIETE GENERALE NOTE DUE 6/13/2018 225,000 227,768

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 239 SHS    
    ADIDAS AG - 527 SHS    
    AIA GROUP LTD SPON ADR 1,717 SHS    
    AMADEUS HLDGS SA ADR 370 SH    
    AMOSKEAG INDUSTRIES, CAPITAL-100 SHS    
    ANHEUSER BUSCH INBEV SA 205    
    ARM HOLDINGS PLC SPON ADR-275 SHS    
    ARTISAN INTERNATIONAL FD 6,348.15 S    
    ASML HOLDINGS NV-UY REG SHS 225SHS    
    ASSA ALBOY AB UNSPONSORED ADR-894    
    BAIDU, INC. SPONSORED ADR 117 SHS    
    BANCO BILBAO VIZCAYA ARGENTINA 1404    
    BNP PARIBAS FTSE 100 IDX 143,000    
    BNP PARIBAS LINKED TO EUROSTOXX-200    
    BURBERRY GRP PLC SPONS ADR 475 SHS    
    CANADIAN NATIONAL RAILWAY CO-516 SHS    
    CARNIVAL CORPORATION-548 SHS    
    CHINA MOBIL LTD SPON ADR    
    COMPAS GRP PLC SPON ADR 1539 SHS    
    CREDIT SUISSE AG LINK EURO STOX 250K    
    DASSAULT SYSTEMS-124 SHS    
    DEUTSCHE BANK AG 407 SHS    
    EMBRAER SA-561 SHS    
    EXPERIAN PLC SPON ADR 801 SHS    
    FANUC LTD JAPAN ADR-928 SHS    
    FRESENIUS MEDICAL CARE AG-780 SHS    
    GS CONCENTRATED GROWTH FU-38169 SHS    
    GS GP INC LNKD TO MSCI EMER MK 160SH    
    GS HEDGE FUND PARTNERS PLC SERIES 1    
    GS HEDGE FUND PRTNRS PLCC CL B SER 1    
    GS HIGH YLD FLTNG RATE FND 45,368 SH    
    GS LARGE CAP VALUE- 39818.14 SHS    
    GS LINKED TO FX RATE BASKET 130000    
    GS LOCAL EMERGING MKTS DEBT FD-8365    
    GS QUANTITATIVE & ACTIVE DIRECT    
    GS SMALL CAP VALUE- 8775.47 SHS    
    GS STRATEGIC GROWTH-38,596 SHS    
    GS STRATEGIC INCOME FUND 88,680 SHS    
    HENNES & MAURITZ AB-2643 SHS    
    HONG KONG EXCH & CLEARING-904 SHS    
    HSBC HLDGS PLC SPON ADR 385    
    I SHARES CORE S&P 500 ETF 4,383    
    I SHARES RUSSELL 2000 INDEX 5,493    
    INDUSTRIAL & COMMERICAL BANK-1012 SH    
    ING GROEP NV-2240    
    INTESA SANPOALO SPON ADR 1195    
    ITAU UNIBANCO BANCO MULTIPLO-966SHS    
    JP MORGAN CHASE RUSSELL 2000 136K    
    JULIUS BAER HLDG LTD 1,436 SHS    
    KINGFISHING PLC 2922 SHS    
    KOMATSU LTD- 696 SHS    
    KONE OYJ ADR 612 SHS    
    KUBOTO CORP ADR 249 SHS    
    LAS VEGAS SANDS CORP-658 SHS    
    LULULEMON ATHLETICA 352 SHS    
    LVMH MOET HENNESSY LOUIS VUITT- 1074    
    MERCADOLIBRE INC-132 SHS    
    MICHELIN COMP GENERALE DE ADR 1121    
    MITSUBISHI UFJ FINL GRP INC-4178 SHS    
    NESTLE S. A.- 414 SHS    
    NOKIA CORP ADR 869 SHS    
    NOVARTIS AG-361 SHS    
    NOVO-NORDISK-218 SHS    
    PACIFIC RUBIALES ENERGY CORP 1,100    
    PEARSON PLC SPON ADR 917 SHS    
    PT BANK MANDIRI (PASERO) 770 SHS    
    PUBLICIS GROUP SA SPON ADR-2,002 SHS    
    RECKITT BENCKISER GROUP- 1832 SHS    
    ROCHE HOLDING AG ADR 413 SHS    
    SABMILLER PLC SPON- 437 SHS    
    SAP AKGSLTT- 190 SHS    
    SCHLUMBERGER LTD- 350 SHS    
    SINA CORPORATION 113 SHS    
    SOUTHERN COPPER CORP- 342 SHS    
    SPDR S&P BANK 1,890 SHS    
    SUMIMOTO MITSUI TR HOLDINGS 4405    
    SWATCH GROUP - 893 SHS    
    SYGENTA AG SPON ADR 262 SHS    
    TAIWAN SEMICONDUCTOR MFG LTD 119 SH    
    TATA MOTORS LIMITED SP ADR 458 SHS    
    TENCENT HOLDINGS LTD- 346 SHS    
    TOYOTA MOTOR SPON ADR 286 SHS    
    US EQ DYNAMIC PORTFOLIO 8,427.78 SHS    
    YANDEX NV 578 SHS    
    YUM BRANDS 356 SHS    
    ABERDEEN ASSET MANAGEMENT PLC ADR 3 50,757 46,895
    ACE LTD 110 SHS 11,912 12,637
    ADVANCE AUTO PARTS 307 SHS 40,500 48,898
    AETNA INC. 382 SHS 32,072 33,933
    AFLAC INCORPORATED 561 SHS 34,627 34,271
    ALLERGAN 311 SHS 51,770 66,115
    AMERICAN INTL GROUP 2001 SHS 109,864 112,076
    ANTHEM INC. 176 SHS 20,454 22,118
    AON INC. 625 SHS 55,153 59,269
    AMOSKEAG INDUSTRIES, INC 100 SHS 2,250 7,000
    AMAZON COM INC 160 SHS 51,675 49,656
    APACHE CORP 419 SHS 39,297 26,259
    APPLE INC. 5609 SHS 109,684 126,495
    APPLIED MATERIALS 700 SHS 15,144 17,444
    ARM HOLDINGS PLC SPON ADR 193 SHS 7,805 8,936
    ARTISAN INTERNATIONAL FD INV CL 17, 515,000 511,256
    ASML HOLDING NV-UY REG SHS 113 SHS 10,643 12,185
    BAIDU, INC. SPONSORED ADR 94 SHS 18,014 20,973
    BAKER HUGHES INC 405 SHS 25,645 22,708
    BANK OF NEW YORK MELLON CORP 710 SH 26,703 28,805
    BAXTER INTERNATIONAL INC 558 SHS 41,091 40,896
    BERKSHIRE HATHAWAY INC DEL - CLB 16 21,385 24,174
    BLACKROCK INC. 135 SHS 43,143 48,271
    BNP PARIBAS FTSE 100 INDEX 143,000 S 143,000 138,109
    BNP PARIBAS LINKED TO INTL EQ BSKT 380,000 365,370
    BOEING COMPANY 307 SHS 38,576 39,904
    CANADIAN NATIONAL RAILWAY CO 143 SH 9,528 9,854
    CANADIAN PACIFIC RY LTD 59 SHS 12,104 11,369
    CARMAX INC. 825 SHS 40,649 54,929
    CBRE GROUP INC. 1,250 SHS 38,494 42,813
    CHECK POINT SOFTWARE TECH LTD 292 S 19,944 22,942
    CHR HANSEN HOLDING SPON ADR 529 SHS 10,891 11,790
    CHUBB CORPORATION 330 SHS 30,467 34,145
    CHINA MOBIL LTD SPON ADR 820 SHS 46,953 48,232
    CISCO SYSTEMS, INC. 1,120 SHS 27,644 31,153
    COLGATE PALMOLIVE COMPANY 239 SHS 15,875 16,536
    COCA COLA ENTERPRISES, INC 221 SHS 9,491 9,773
    COGNIZANT TECHNOLOGY SOLUTIONS CORP 42,225 49,184
    CORE LABORATORIES NV 65 SHS 8,862 7,882
    CREDIT SUISSE LINKED TO EURO STOXX 5 250,000 343,250
    CVS/CAREMARK CORP 471 SHS 37,683 45,362
    DENSTPLY INTL. INC. 461 SHS 20,911 24,557
    DISCOVERY COMMUNICATIONS INC 2,236 84,736 78,433
    DOLLAR GENERAL CORPORATION 597 SHS 35,607 42,208
    DOVER CORP. 552 SHS 43,584 39,589
    EBAY INC. 827 SHS 43,609 46,411
    EVEREST RE GROUP 257 SHS 41,690 43,767
    FAMILY DOLLAR STORES INC. 225 SHS 13,523 17,822
    FANUC LTD JAPAN ADR 276 SHS 7,428 7,652
    FIRST EAGLE OVERSEAS DE 8,127 SHS 200,000 180,333
    FEDERATED TAX FREE OBLIGATIONS FD 7 7,875 7,875
    FIRST EAGLE US VALUE FD I 14,205 SH 300,000 292,735
    FOSSIL GROUP, INC. 268 SHS 27,515 29,678
    FRANKLIN INTERNATIONAL SMALL CAP GRO 75,000 59,617
    FRANKLIN RESURCES LTD 1,766 SHS 98,926 97,784
    GENTEX CORP 727 SHS 21,202 26,267
    GENERAL MOTORS CORP 2,100 SHS 73,322 73,311
    GLENCORE XSTRATA PLC ADR 5,800 SHS 67,222 53,534
    GOLDMAN SACHS CONC GRWTH FUND CL A 370,000 655,354
    GOLDMAN SACHS MLP ENERGY INFRASTRUCT 200,000 187,893
    GOLDMAN SACHS LARGE CAP VALUE CL A 288,781 707,304
    GOLDMAN SACHS SMALL CAP VALUE FUND - 384,225 530,410
    GS DIRECT STRATEGIES QUANTITATIVE & 1 5,261
    GS HEDGE FUND PARTNERS II PLCC CL B 19,950 12,236
    GS HEDGE FUND PARTNERS PLC CL B SERI 1 32,612
    GS HIGH YIELD FOATING RATE FUND 62, 655,321 641,817
    GS STRATEGIC INCOME FD INSTITUTIONAL 1,838,106 1,790,850
    INDIVIOR PLC SPON ADR 25 SHS 246 283
    INDUSTRIA DE DISENO TEXTILE IND ADR 8,359 8,734
    INTEL CORP 1,575 SHS 48,571 57,166
    INTERCONTINENTAL HOTELS GROUP SPON A 10,945 11,615
    JP MORGAN CHASE 1,100 SHS 63,382 68,838
    JP MORGAN CHASE & CO - RUSSELL 2000 136,000 147,982
    LVMH MOET HENNESSY LOUIS VUITTON SPO 28,031 25,509
    MARKEL CORPORATION 34 SHS 21,932 23,217
    MASTERCARD INCORPORATED 519 SHS 39,589 44,717
    MICROSOFT CORP 1015 SHS 43,761 47,147
    MOTOROLA SOLUTIONS INC 666 SHS 42,973 44,675
    MSC INDUSTRIAL DIRECT CO INC. CL A 22,224 21,856
    NASDAQ OMX GROUP INC. 620 SHS 25,609 29,735
    NATIONAL OILWELL VARCO INC 650 SHS 51,551 42,595
    NCR CORPORATION 768 SHS 25,538 22,380
    NESTLE S.A. 133 SHS 9,861 9,764
    NOVARTIS AG SPONSORED ADR 442 SHS 40,194 40,956
    NOVO-NORDISK SPON ADR 227 SHS 9,650 9,607
    NOVOZYMES AS ADR 212 SHS 9,632 8,950
    ORACLE CORPORATION 3,051 SHS 126,021 137,203
    PARKER HANNAFIN 346 SHS 40,019 44,617
    PENN NATIONAL GAMING, INC 975 SHS 10,970 13,387
    PERRIGO CO PLC 65 SHS 10,066 10,865
    PORSCHE AUTOMOBILE HOLDINGS SE S PFD 51,920 44,202
    RALPH LAUREN CORP CL A 315 SHS 51,427 58,325
    RECKITT BENCKISER GROUP PLC 631 SH 8,723 10,252
    SABRE CORPORATION 1,883 SHS 35,240 38,168
    SALLY BEAUTY HOLDINGS INC 8741 SHS 22,836 26,775
    SCHLUMBERGER LTD 435 SHS 44,597 37,153
    SENSATA TECHNOLOGIES HOLDING NV 204 9,650 10,692
    SGS SA ADR 427 SHS 9,288 8,788
    SHOPRITE HOLDINGS LTD SPON AR 322 S 4,561 4,683
    SPDR S&P BANK ETF 3,720 SHS 109,795 124,806
    SWATCH GROUP SA ADR 214 SHS 5,047 4,783
    STARWOOD HOTELS & RESORTS WORLDWIDE 54,875 54,074
    STATE STREET CORP 436 SHS 30,165 34,226
    SUN ART RETAIL GROUP LTD ADR 564 SH 6,141 5,607
    SVENSKA CELLULOSA AB SPON ADR 319 S 7,120 6,883
    SYSMEX CORP ADR 239 SHS 4,925 5,372
    TARGET CORP 627 SHS 37,671 47,596
    TAIWAN SEMICONDUCTOR MFG LTD 703 HS 14,769 15,733
    TENCENT HOLDINGS LTD ADR 671 SHS 8,701 9,734
    T ROWE PRICE GROUP, INC 331 SHS 26,988 28,420
    TIME WARNER INC 135 SHS 10,347 11,532
    TFFANY & CO 225 SHS 22,750 24,044
    UNILEVER NV NY SHS ADR 569 SHS 24,034 22,314
    VERIZON COMMUNICATIONS 651 SHS 32,195 30,454
    VISA INC 385 SHS 81,700 100,947
    WALT DISNEY COMPANY 301 SHS 26,261 28,351
    WAL-MART DE MEXICO SA SPON ADR 206 4,749 4,433
    WATERS CORPORATION 97 SHS 10,746 10,934
    WELLS FARGO 1,275 SHS 65,298 69,895
    YANDEX NV 222 SHS 6,286 3,814

    TY 2014 OtherAssetsSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    NOTE RECEIVABLE NH COMMUNITY LOAN 250,000 250,000 250,000


    TY 2014 OtherExpensesSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    MEMBERSHIPS 1,260 252   1,008
    MISCELLANEOUS 245 49   196
    PROBATE COURT AND OTHER FILIN 85 17   68
    TRUSTEE INSURANCE & BONDING 2,758 551   2,207
    WEB SERVICES & INTERNET 2,313 463   1,850
    TRUSTEE EXPENSES 2,250 450   1,800


    TY 2014 OtherIncomeSchedule2
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 247   247


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MCLANE, GRAF, RAULERSON & MIDDLE 23,500 4,700   18,800
    GRANT MANAGER & EXPENSES 29,076 5,815   23,261
    GOLDMAN SACHS MGMT FEES 55,396 41,547 41,547 13,849


    TY 2014 TaxesSchedule
    Name:
    NORWIN S AND ELIZABETH N BEAN
    FOUNDATION
    EIN: 02-6013381
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX ON DIVIDENDS 4,662 932 3,496 3,730
    EXCISE TAXES