Form990-PF

Department of the Treasury
Internal Revenue Service

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

Number and street (or P.O. box number if mail is not delivered to street address)675 ROBINSON ROAD   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JACKSON, MI49203
A Employer identification number

38-6089457
B Telephone number (see instructions)

(517) 788-8600
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$10,682,223J 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 55 55  
4 Dividends and interest from securities...... 124,955 124,955  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 773,852
b Gross sales price for all assets on line 6a 1,946,567
7 Capital gain net income (from Part IV, line 2)... 773,852
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 898,862 898,862  
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 3,790 3,790   0
c Other professional fees (attach schedule).... Click to see attachment 12,648 12,648   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
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 6,365 6,365   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,803 22,803   0
25 Contributions, gifts, grants paid........ 508,529 508,529
26 Total expenses and disbursements. Add lines 24 and 25 531,332 22,803   508,529
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 367,530
b Net investment income (if negative, enter -0-) 876,059
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 1,043,933 646,542 646,542
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)........ 7,761,284 Click to see attachment8,526,205 10,035,681
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,805,217 9,172,747 10,682,223
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......... 9,398,749 9,398,749
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -593,532 -226,002
30 Total net assets or fund balances (see instructions)...... 8,805,217 9,172,747
31 Total liabilities and net assets/fund balances (see instructions).. 8,805,217 9,172,747
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 8,805,217
2 Enter amount from Part I, line 27a..................... 2 367,530
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 9,172,747
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 9,172,747
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 FUNDAMENTAL INVS INC CLASS A   2006-12-14 2014-06-09
b FUNDAMENTAL INVS INC CLASS A   2006-12-14 2014-07-30
c GROWTH FUND AMERICA CL A   2004-12-03 2014-06-09
d GROWTH FUND AMERICA CL A   2004-12-03 2014-07-30
e ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2013-11-22 2014-09-04
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2013-11-22 2014-09-04
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2013-11-22 2014-09-04
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2013-12-13 2014-09-04
BLACKROCK EQUITY DIVIDEND FD   2013-12-13 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2013-12-16 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2013-12-16 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2014-04-17 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2014-07-18 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2014-10-17 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 1   2013-12-13 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 1   2013-12-18 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 1   2013-12-18 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 1   2013-12-18 2014-10-24
NATIONWIDE MUT FDS NEW GENEVE M/CAP GROWTH FD   2013-06-20 2014-06-06
NATIONWIDE MUT FDS NEW GENEVE M/CAP GROWTH FD   2013-08-27 2014-06-06
NATIONWIDE MUT FDS NEW GENEVE M/CAP GROWTH FD   2013-12-31 2014-06-06
NATIONWIDE MUT FDS NEW GENEVE M/CAP GROWTH FD   2013-12-16 2014-06-06
NORTHERN LTS FD TR III GOOD HARBOR TACTICAL   2013-11-12 2014-10-06
NORTHERN LTS FD TR III GOOD HARBOR TACTICAL   2013-12-18 2014-10-06
NORTHERN LTS FD TR III GOOD HARBOR TACTICAL   2013-12-18 2014-10-06
VIRTUS EMERGING MARKETS   2013-02-25 2014-01-29
VIRTUS EMERGING MARKETS   2013-04-19 2014-01-29
VIRTUS EMERGING MARKETS   2013-06-20 2014-01-29
VIRTUS EMERGING MARKETS   2013-06-21 2014-01-29
VIRTUS EMERGING MARKETS   2013-08-27 2014-01-29
VIRTUS EMERGING MARKETS   2013-12-13 2014-01-29
VIRTUS EMERGING MARKETS   2013-12-23 2014-01-29
VIRTUS EMERGING MARKETS   2013-12-23 2014-01-29
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2012-11-08 2014-09-04
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2012-11-14 2014-09-04
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2012-12-20 2014-09-14
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2012-12-20 2014-09-04
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2012-12-20 2014-09-04
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2013-02-25 2014-09-14
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2013-04-19 2014-09-04
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2013-06-20 2014-09-04
ARTISAN PARTNERS FDS INC SMALL CAP VALUE FD   2013-08-27 2014-09-04
BLACKROCK EQUITY DIVIDEND FD   2012-11-08 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2012-11-14 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2012-12-13 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2012-12-13 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2013-02-25 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2013-04-18 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2013-04-19 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2013-06-20 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2013-07-19 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2013-08-27 2014-10-24
BLACKROCK EQUITY DIVIDEND FD   2013-10-18 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 1   2012-11-08 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 2   2012-11-14 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 3   2012-12-14 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 4   2012-12-14 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 5   2012-12-14 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 6   2012-12-17 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 7   2013-02-25 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 8   2013-04-19 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 9   2013-06-20 2014-10-24
FIRST EAGLE FDS INC GLOBAL FD CL 10   2013-08-27 2014-10-24
NATIONWIDE MUT FDS NEW GENEVE M/CAP GROWTH FD   2012-11-08 2014-06-06
NATIONWIDE MUT FDS NEW GENEVE M/CAP GROWTH FD   2012-11-14 2014-06-06
NATIONWIDE MUT FDS NEW GENEVE M/CAP GROWTH FD   2012-12-13 2014-06-06
NATIONWIDE MUT FDS NEW GENEVE M/CAP GROWTH FD   2013-02-25 2014-06-06
NATIONWIDE MUT FDS NEW GENEVE M/CAP GROWTH FD   2013-04-19 2014-06-06
VIRTUS EMERGING MARKETS   2012-11-08 2014-01-29
VIRTUS EMERGING MARKETS   2012-11-14 2014-01-29
VIRTUS EMERGING MARKETS   2012-12-21 2014-01-29
VIRTUS EMERGING MARKETS   2012-12-21 2014-01-29
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 100,000   77,978 22,022
b 124,994   97,508 27,486
c 100,000   59,575 40,425
d 124,994   73,752 51,242
e 3,609   3,645 -36
1,009   1,019 -10
309   312 -3
9,406   9,375 31
10,051   9,375 676
702   654 48
133   124 9
804   786 18
717   723 -6
825   783 42
9,358   9,375 -17
3,828   3,663 165
2,075   1,986 89
871   834 37
31,191   27,882 3,309
9,022   8,588 434
9,618   9,375 243
6,897   6,723 174
168,035   200,000 -31,965
1,887   2,238 -351
399   473 -74
27,057   30,857 -3,800
11,916   13,936 -2,020
35,005   36,761 -1,756
189   199 -10
21,126   21,056 70
8,889   9,375 -486
1,089   1,141 -52
28   29 -1
18,163   14,700 3,463
18,772   14,832 3,940
560   474 86
303   257 46
300   254 46
31,460   27,727 3,733
19,950   17,209 2,741
26,348   24,481 1,867
13,240   12,628 612
18,889   14,700 4,189
19,208   14,710 4,498
268   214 54
10   8 2
36,074   29,821 6,253
385   328 57
15,653   13,397 2,256
33,980   29,260 4,720
555   504 51
16,385   14,312 2,073
784   719 65
16,427   14,700 1,727
16,688   14,741 1,947
792   699 93
436   385 51
180   159 21
136   120 16
33,470   30,314 3,156
14,993   13,915 1,078
33,030   30,545 2,485
12,593   12,092 501
18,071   14,700 3,371
18,314   14,672 3,642
656   538 118
33,805   29,366 4,439
17,853   15,582 2,271
13,400   14,700 -1,300
13,581   14,717 -1,136
79   90 -11
40   45 -5
604,703     604,703
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       22,022
b       27,486
c       40,425
d       51,242
e       -36
      -10
      -3
      31
      676
      48
      9
      18
      -6
      42
      -17
      165
      89
      37
      3,309
      434
      243
      174
      -31,965
      -351
      -74
      -3,800
      -2,020
      -1,756
      -10
      70
      -486
      -52
      -1
      3,463
      3,940
      86
      46
      46
      3,733
      2,741
      1,867
      612
      4,189
      4,498
      54
      2
      6,253
      57
      2,256
      4,720
      51
      2,073
      65
      1,727
      1,947
      93
      51
      21
      16
      3,156
      1,078
      2,485
      501
      3,371
      3,642
      118
      4,439
      2,271
      -1,300
      -1,136
      -11
      -5
      604,703
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 2 773,852
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 471,550 10,105,094 0.046665
2012 458,381 9,356,508 0.048991
2011 434,000 9,740,405 0.044557
2010 419,500 9,291,059 0.045151
2009 517,834 8,069,309 0.064173
2 Total of line 1, column (d) ...................... 2 0.249537
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 0.049907
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 10,835,115
5 Multiply line 4 by line 3....................... 5 540,748
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 8,761
7 Add lines 5 and 6......................... 7 549,509
8 Enter qualifying distributions from Part XII, line 4.............. 8 508,529
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 17,521
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 17,521
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 17,521
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 36,845
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 36,845
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 19,324
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet19,324 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)
    bulletMI
    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 ofbulletJAMES A HILDRETH Telephone no.bullet (517) 841-4886
    Located atbullet675 ROBINSON ROADJACKSONMI ZIP+4bullet49203
    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
    ANTHONY P HURST PRESIDENT
    0.50     		0 0 0
    1600 HATCH ROAD
    JACKSON,MI49201
    CAREY R LEFERE BOARD OF DIRECTORS
    0.01     		0 0 0
    5470 KENOWA AVENUE S E
    WYOMING,MI49418
    CHARLES KUNTZLEMAN BOARD OF DIRECTORS
    0.01     		0 0 0
    178 HARMONY ROAD
    SPRING ARBOR,MI49283
    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
    10,468,544
    b
    Average of monthly cash balances.......................
    1b
    531,573
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,000,117
    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
    11,000,117
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    165,002
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,835,115
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    541,756
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    541,756
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    17,521
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,521
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    524,235
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    524,235
    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
    524,235
    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
    508,529
    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
    508,529
    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
    508,529
    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 7 524,235
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 480,989
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 508,529
    a Applied to 2013, but not more than line 2a 480,989
    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..... 27,540
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		496,695
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE HURST FOUNDATION
    675 ROBINSON ROAD PO BOX 449
    JACKSON,MI492040449
    (517) 841-4886
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER DESCRIBING REASON FOR REQUESTING FUNDING AND AMOUNT. CURRENT FINANCIAL STATEMENT & BUDGET. LIST OF DIRECTORS. OTHER SOURCES YOU ARE REQUESTING FUNDING FROM FOR THIS PROJECT. COPY OF TAX EXEMPTION LETTER.
    cAny submission deadlines:
    OCTOBER 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    JACKSON COUNTY, MICHIGAN WITH SOME EXCEPTIONS
    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
    ACTION ON SMOKING AND HEALTH
    2013 H STREET NW
    WASHINGTON,DC200064207     		NONE 501(C)(3) GENERAL OPERATIONS 500
    AWARE SHELTER
    PO BOX 1526
    JACKSON,MI492041526     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    BIG BROTHERS BIG SISTERS OF JACKSON COUNTY
    PO BOX 1802
    JACKSON,MI492041802     		NONE 501(C)(3) MENTORING PROGRAM 3,000
    BIOVISION FOUNDATION
    AM WASSER 55
    ZURICH   CH-8049
    SZ     		NONE 501(C)(3) SUBSTANTIALLY IMPROVE THE LIVING CONDITIONS IN SPECIFIC FOREIGN COUNTRIES 10,000
    CASCADE HUMANE SOCIETY
    1515 CARMEN DRIVE
    JACKSON,MI492023343     		NONE 501(C)(3) GENERAL OPERATIONS 2,000
    CASCADES PARK FOUNDATION - CIVIL WAR MUSTER
    1992 WARREN AVENUE
    JACKSON,MI49203     		NONE 501(C)(3) JACKSON COUNTY CASCADE FALLS - CIVIL WAR MUSTER EVEN 1,000
    CENTER FOR FAMILY HEALTH INC
    817 W HIGH STREET
    JACKSON,MI49201     		NONE 501(C)(3) BUILDING FACILITIES 5,000
    CORPORATE ACCOUNTABILITY INTERNATIONAL
    10 MILK STREET - SUITE 610
    BOSTON,MA021184608     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    COUNCIL FOR THE PREVENTION OF CHILD ABUSE AND NEGLECT
    606 GREENWOOD PLACE
    JACKSON,MI49203     		NONE 501(C)(3) GENERAL OPERATIONS 7,500
    CRAZY HORSE MEMORIAL FUND
    AVENUE OF CHIEFS
    CRAZY HORSE,SD577309506     		NONE 501(C)(3) CONSTRUCTION OF NATIONAL MONUMENT TO NATIONAL LEADERS 4,000
    DAHLEM CONSERVANCY
    7117 S JACKSON ROAD
    JACKSON,MI49201     		NONE 501(C)(3) GENERAL OPERATIONS 20,000
    DEVILS LAKE AND ROUND LAKE FIREWORKS DISPLAY
    PO BOX 21
    MANITOU BEACH,MI49253     		NONE 501(C)(3) GENERAL OPERATIONS- COMMUNITY FIREWORKS DISPLAY 500
    DISABILITY CONNECTIONS
    409 LINDEN AVENUE
    JACKSON,MI49203     		NONE 501(C)(3) GENERAL OPERATIONS 2,500
    EAST JACKSON COMMUNITY SCHOOL DISTRICT - FIRST ROBOTICS
    1404 N SUTTON ROAD
    JACKSON,MI492022899     		NONE 501(C)(3) FIRST ROBOTICS - CLASSES 3,000
    ELLA SHARP MUSEUM-ART & HISTORY
    3225 FOURTH STREET
    JACKSON,MI49203     		NONE 501(C)(3) PLANTERY GLOBE PLACEMENT ALONG TRAILS AND MUSEUM PROPERTY 3,700
    ENVIRONMENTAL LAW & POLICY CENTER
    SUITE 1300 35 EAST WACKLER DRIVE
    CHICAGO,IL606012110     		NONE 501(C)(3) PROTECTION OF MIDWEST ENVIROMENTAL QUALITY & NATURAL 1,000
    FIRST PRESBYTERIAN CHURCH
    743 WEST MICHIGAN AVENUE
    JACKSON,MI49201     		NONE 501(C)(3) YOUTH CENTER BUILDING REHABILITATION 5,000
    FOUNDATION FOR THE DEVELOPMENTALLY DISABLED INC
    5621 STRAND BLVD SUITE 309
    NAPLES,FL34110     		NONE 501(C)(3) DEVELOPMENTALLY DISABLED ADULT HOUSING - COLLIER COU 1,000
    GRASS LAKE HISTORICAL SOCIETY
    341 W MICHIGAN AVENUE
    GRASS LAKE,MI49240     		NONE 501(C)(3) GENERAL OPERATIONS 2,000
    JACKSON CHORALE
    PO BOX 431
    JACKSON,MI492040431     		NONE 501(C)(3) GENERAL OPERATIONS 2,000
    JACKSON COLLEGE FOUNDATION
    3000 BLAKE ROAD
    JACKSON,MI49201     		NONE 501(C)(3) GENERAL OPERATIONS 150,000
    JACKSON COMMUNITY FOUNDATION
    1 S JACKSON SQUARE - SUITE 308
    JACKSON,MI49201     		NONE 501(C)(3) GREAT START COLLEGE FUND 100,000
    JACKSON COUNTY COMMUNITY FOUNDATION
    1 S JACKSON SQUARE - SUITE 308
    JACKSON,MI49201     		NONE 501(C)(3) PROJECT ACCESS MEDICAL ENTERPRIES 5,000
    JACKSON FRIENDLY HOME
    435 WEST NORTH STREET
    JACKSON,MI49202     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    JACKSON HABITAT FOR HUMANITY
    1207 PRINGLE STREET
    JACKSON,MI49203     		NONE 501(C)(3) GENERAL OPERATIONS 7,500
    JACKSON INTER-FAITH SHELTER
    414 SOUTH BLACKSTONE STREET
    JACKSON,MI49203     		NONE 501(C)(3) GENERAL OPERATIONS 4,000
    JACKSON INTERMEDIATE SCHOOL DISTRICT
    6700 BROWNS LAKE ROAD
    JACKSON,MI49201     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    JACKSON NON-PROFIT SUPPORT CENTER
    536 NORTH JACKSON STREET
    JACKSON,MI49201     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    JACKSON STORYFEST
    PO BOX 1839
    JACKSON,MI49204     		NONE 501(C)(3) GENERAL OPERATIONS 1,000
    JASMYNN'S VOICE
    PO BOX 1592
    ADRIAN,MI49221     		NONE 501(C)(3) IPADS NON VERBAL INDIVIDUALS WITH AUTISM - EIN 45-5503625 2,500
    JOHN GEORGE HOME
    1501 EAST GANSON STREET
    JACKSON,MI49201     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    JUNIOR ACHIEVEMENT OF MICHIGAN EDGE INC
    209 EAST WASHINGTON AVENUE - SUITE
    180
    JACKSON,MI49201     		NONE 501(C)(3) GENERAL OPERATIONS 15,500
    LILY MISSIONARY BAPTIST CHURCH CENTER
    1117 W G WADE DRIVE PO BOX 421
    JACKSON,MI492040421     		NONE 501(C)(3) LILLY MISSIONARY CENTER ENDOWMENT FUND 30,000
    LOVE INC OF JACKSON COUNTY
    2055 SPRING ARBOR RD
    JACKSON,MI49203     		NONE 501(C)(3) GENERAL OPERATIONS 2,500
    LUMEN CHRISTI HIGH SCHOOL
    3483 SPRING ARBOR RD
    JACKSON,MI49203     		NONE 501(C)(3) GENERAL OPERATIONS 5,000
    MARRIAGE MATTERS - JACKSON
    536 NORTH JACKSON STREET
    JACKSON,MI49201     		NONE 501(C)(3) EMPOWER PEOPLE WITH SKILLS TO HELP MARRIAGES SURVIVE & THRIVE 3,000
    MICHAEL J FOX FOUNDATION
    PO BOX 708 CHURCH STREET STATION
    NEW YORK,NY100080780     		NONE 501(C)(3) PARKINSON'S RESEARCH 1,000
    MICHIGAN COLLEGE FOUNDATION
    PO BOX 599 - 26555 EVERGREEN ROAD
    SOUTHFIELD,MI480764239     		NONE 501(C)(3) GENERAL OPERATIONS AND FUNDING FOR FOURTEEN MEMBER C 2,000
    MICHIGAN ENVIORMENTAL COUNCIL
    119 PERE MARQUETTE DRIVE -SUITE 2A
    LANSING,MI48912     		NONE 501(C)(3) MICHIGAN HEALTH AND NATURAL RESOURCES EDUCATION 1,000
    MICHIGAN PUBLIC RADIO
    535 WEST WILLIAM STREET - SUITE 110
    ANN ARBOR,MI481034978     		NONE 501(C)(3) GENERAL OPERATIONS 2,000
    NEW MACEDONIA MISSIONS CENTER
    1020 FRANCIS STREET
    JACKSON,MI49203     		NONE 501(C)(3) GENERAL OPERATIONS 3,500
    READING WRITING CONNECTION - DYSLEXIA INTERVENTION
    202 NORTH WEST AVENUE
    JACKSON,MI49201     		NONE 501(C)(3) DYSLEXIA INTERVATION OPERATIONS 10,000
    RISE ABOVE
    636 FLEMING AVE
    JACKSON,MI49201     		NONE 501(C)(3) GENERAL OPERATIONS 10,829
    SALVATION ARMY
    806 E PEARL STREET
    JACKSON,MI492011793     		NONE 501(C)(3) GENERAL OPERATIONS 2,000
    ST JOHN VIANNEY FTD
    3540 FAIRLANE SOUTH WEST
    GRAND RAPIDS,MI49418     		NONE 501(C)(3) VISSER FAMILY YMCA - GENERAL OPERATIONS 5,000
    ST LUKES CLINIC
    PO BOX 4123 - 124 NORTH ELM AVENUE
    JACKSON,MI492044123     		NONE 501(C)(3) HEALTH CARE FOR NON INSURED AND UNDERINSURED INDIVID 5,000
    STANTON CHARITY FOR CHILDREN
    714 W MICHIGAN AVE
    JACKSON,MI49201     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    STOCKBRIDGE COMMUNITY SCHOOLS
    305 W ELIZABETH STREET
    STOCKBRIDGE,MI49285     		NONE 501(C)(3) COMPUTER LEARNING CLASSES - ROBOTIC 4TH PROGRAM - NICHOLS 3,500
    THE EDITH GEHEEB- CASSIRER FOUNDATION
    0602 SW PALATINE HILL ROAD
    PORTLAND,OR97219     		NONE 501(C)(3) SCHOLARSHIP FUND 4,000
    THE MEDSAU FUND
    106 EAST MAIN
    SPRING ARBOR,MI49283     		NONE 501(C)(3) MEDSAU FUND - GENERAL OPERATIONS 10,000
    TOGETHER WE CAN MAKE A DIFFERENCE
    224 W WILKINS ST
    JACKSON,MI49203     		NONE 501(C)(3) GENERAL OPERATIONS 1,000
    UNITED WAY OF JACKSON COUNTY
    PO BOX 1345 - 540 NORTH JACKSON
    STREET
    JACKSON,MI492041345     		NONE 501(C)(3) GENERAL OPERATIONS 1,000
    WKAR TV
    404 WILSON RD
    LANSING,MI48824     		NONE 501(C)(3) GENERAL OPERATIONS 2,000
    Total .................................bullet 3a 508,529
    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 ............     		900099 55 14    
    4 Dividends and interest from securities.... 900099 124,955 14    
    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 .............     		900099 773,852 18    
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 898,862 0 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13898,862
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    THE HURST FOUNDATION
    EIN: 38-6089457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX 3,790 3,790   0

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE HURST FOUNDATION
    EIN: 38-6089457
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN FUNDS WORLD GROWTH & INCOME FUND CL A A/C 3493-6867 303,453 280,192
    ARTISAN FUNDS INC MID CAP VALUE FD INV A/C 8967-9985 140,423 149,136
    BROADVIEW FDS OPPORTUNITY FD A/C 8967-9985 143,080 155,338
    CAPITAL INCOME BUILDERS FUND CL A A/C 3493-6867 562,292 594,460
    DODGE & COX BALANCED FUND A/C 8967-9985 261,630 276,594
    DODGE & COX FDS GLOBAL STOCK FD A/C 8967-9985 149,348 146,238
    EAGLE SMALL CAP GROWTH FUND CL I A/C 8967-9985 134,169 156,067
    EUROPACIFIC GROWTH FUND A/C 3493-6867 406,982 468,231
    FIRST EAGLE FDS SOGEN OVERSEAS FD A/C 8967-9985 143,630 140,619
    FMI FDS LARGE CAP FUND A/C 8967-9985 147,572 165,996
    FUNDAMENTAL INVESTORS FUND A/C 3493-6867 1,049,111 1,305,859
    GROWTH FUND OF AMERICA CL A A/C 3493-6867 914,581 1,350,537
    HABOR FUND CAP APPRECIATION FD INSTL A/C 8967-9985 134,393 172,337
    HABOR FUND INTL FD INSTL A/C 8967-9985 129,894 135,233
    HARDING LOEVNER FDS INC EMERGING MKTS PORTFOLIO A/C 8967-9985 159,807 140,788
    MATTHEWS INTL FD PAC TIGER FD CL I A/C 8967-9985 239,031 250,464
    NEW ECONOMY FUND CL SBI CL A A/C 3493-6867 778,293 1,093,022
    NEW WORLD FUND INC CL A A/C 3493-6867 711,320 789,533
    OPPENHEIMER DEV MKTS CL Y A/C 8967-9985 137,446 142,137
    PRINCIPAL FDS INC MIDCAP FND INSTL CLASS A/C 8967-9985 150,015 153,027
    PRINCIPAL FDS SMALL MIDCAP DIVIDEND A/C 8967-9985 149,072 143,494
    SMALLCAP WORLD FUND CL A A/C 3493-6867 806,318 1,038,491
    STEELPATH MLP FDS TR OPPENHEIMER STEELPATH MLP INCOME FD CL Y A/C 8967-9985 77,112 71,680
    T ROWE PRICE NEW AMER GROWTH FD SBI A/C 8967-9985 156,062 170,745
    T ROWE PRICE NEW HORIZONS FUND INC A/C 8967-9985 139,217 160,938
    VANGUARD EQUITY INCOME-AD VEIRX 160,209 161,285
    VANGUARD ENERGY VDE 241,745 223,240

    TY 2014 OtherExpensesSchedule
    Name:
    THE HURST FOUNDATION
    EIN: 38-6089457
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MICHIGAN ANNUAL REPORT FILING FEE 20 20   0
    COUNCIL OF MICHIGAN FOUNDATIONS 1,500 1,500   0
    FOREIGN TAX W/H EUROPACIFIC GROWTH FUND A/C 6867 799 799   0
    FOREIGN TAX W/H SMALLCAP WORLD FUND INC A/C 6867 591 591   0
    FOREIGN TAX W/H NEW WORLD FUND CLASS A A/C 6867 1,194 1,194   0
    FOREIGN TAX W/H FIRST EGLE SGEN OVRS-I A/C 8967-9985 251 251   0
    FOREIGN TAX W/H HARBOR INTL INSTL A/C 8967-9985 150 150   0
    FOREIGN TAX W/H MATTHEWS INTL PAC TIRG I A/C 8967-9985 317 317   0
    FOREIGN TAX W/H OPPNHEIMER DEV MKTS CL Y A/C 6867-9985 232 232   0
    FOREIGN TAX W/H AMERICAN FDS DEV WORLD A A/C 6867 551 551   0
    FOREIGN TAX W/H DODGE AND COX GLB STK FD A/C 8967-9985 155 155   0
    FOREIGN TAX W/H HARDING EMRG MKTS ADVS A/C 8967-9985 205 205   0
    OFFICE EXPENSE 375 375   0
    WIRE TRANSFER FEE 25 25   0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE HURST FOUNDATION
    EIN: 38-6089457
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WELLS FARGO ADVISORS A/C 3493-6867 - ALLOCATION ADVISORS FEE 12,648 12,648   0