Specialty Family Foundation — Form 990PF, tax year 2014

View Specialty Family Foundation on 990iQ →
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
SPECIALTY FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)2260 E MAPLE AVENUE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EL SEGUNDO, CA90245
A Employer identification number

20-4896662
B Telephone number (see instructions)

(310) 535-9000
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$72,249,170J 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).............. 249,262
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 30 30  
4 Dividends and interest from securities...... 1,149,392 1,149,392  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,256,134
b Gross sales price for all assets on line 6a 9,285,982
7 Capital gain net income (from Part IV, line 2)... 2,256,134
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 420,895 372,901  
12 Total. Add lines 1 through 11........ 4,075,713 3,778,457  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 383,609 0   383,609
14 Other employee salaries and wages...... 196,241 0   196,241
15 Pension plans, employee benefits....... 55,633 0   55,633
16a Legal fees (attach schedule)......... Click to see attachment 11,279 0   11,279
b Accounting fees (attach schedule)....... Click to see attachment 91,886 22,971   91,886
c Other professional fees (attach schedule).... Click to see attachment 224,195 131,177   93,018
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 23,386 0   9,671
19 Depreciation (attach schedule) and depletion... Click to see attachment 7,502 0  
20 Occupancy.............. 70,719 0   70,719
21 Travel, conferences, and meetings....... 44,421 0   44,624
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 187,840 0   187,840
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,296,711 154,148   1,144,520
25 Contributions, gifts, grants paid........ 1,682,125 2,506,758
26 Total expenses and disbursements. Add lines 24 and 25 2,978,836 154,148   3,651,278
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,096,877
b Net investment income (if negative, enter -0-) 3,624,309
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............... 10,907,753 3,100,387 3,100,387
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   1,770,831    
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........... 5,509 7,232 7,232
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
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)........... 59,680,418 Click to see attachment69,091,585 69,091,585
14 Land, buildings, and equipment: basis bullet57,050
Less: accumulated depreciation (attach schedule) bullet30,706 13,301 Click to see attachment26,344 26,344
15 Other assets (describe bullet) Click to see attachment32,271 Click to see attachment23,622 Click to see attachment23,622
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 72,410,083 72,249,170 72,249,170
Liabilities 17 Accounts payable and accrued expenses.......... 20,567 10,714
18 Grants payable.................. 1,944,600 1,042,215
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment170,721 Click to see attachment151,354
23 Total liabilities (add lines 17 through 22).......... 2,135,888 1,204,283
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 70,274,195 71,044,887
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 70,274,195 71,044,887
31 Total liabilities and net assets/fund balances (see instructions).. 72,410,083 72,249,170
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 70,274,195
2 Enter amount from Part I, line 27a..................... 2 1,096,877
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 71,371,072
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 326,185
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 71,044,887
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 CAPITAL GAIN FROM SCHWAB P    
b CAPITAL GAIN FROM PASSTHROUGH ENTITIES P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 7,512,061   7,029,848 482,213
b 325,611     325,611
c 1,448,310     1,448,310
d
e
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       482,213
b       325,611
c       1,448,310
d
e
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 2,256,134
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 4,378,098 59,446,374 0.073648
2012 4,457,049 55,108,929 0.080877
2011 4,265,721 57,258,047 0.074500
2010 3,053,153 55,387,875 0.055123
2009 2,132,329 48,433,082 0.044026
2 Total of line 1, column (d) ...................... 2 0.328174
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 0.065635
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 71,765,684
5 Multiply line 4 by line 3....................... 5 4,710,341
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 36,243
7 Add lines 5 and 6......................... 7 4,746,584
8 Enter qualifying distributions from Part XII, line 4.............. 8 4,776,278
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 36,243
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 36,243
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 36,243
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 35,353
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 55,353
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 22
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 19,088
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet19,088 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.SPECIALTYFAMILYFOUNDATION.ORG
    14
    The books are in care ofbulletGRANT NIMAN Telephone no.bullet (310) 535-9000
    Located atbullet2260 E MAPLE AVENUEEL SEGUNDOCA ZIP+4bullet90245
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    DEBORAH ANN PETER ESTES FAMILY DIRECTOR/PRESIDENT
    40.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    JOAN CAROL NONEMAN SECRETARY
    1.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    JAMES B PETER JR FAMILY DIRECTOR
    1.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    KAREN MARIE PETER CANE FAMILY DIRECTOR/VICE-PRESI
    1.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    CHRISTINE MARY GARD FAMILY DIRECTOR
    1.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    ARTHUR L PETER FAMILY DIRECTOR/TREASURER
    1.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    DANIEL ESTES FAMILY DIRECTOR
    1.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    FR VAL J PETER INDEPENDENT DIRECTOR
    1.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    ROBERT F GOLDMAN INDEPENDENT DIRECTOR
    1.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    MARY CHANBERS DIRECTOR
    1.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    BRUCE WILLISON DIRECTOR
    1.00     		0 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    JOSEPH B WOMAC EXECUTIVE DIRECTOR
    40.00     		260,166 17,500 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    JULIE C DWYER DIRECTOR OF CAPACITY BUILD
    40.00     		123,443 4,938 0
    C/O GRANT NIMAN 2260 E MAPLE
    AVENUEC/O GRANT NIMAN 2260 E MAPLE
    EL SEGUNDO,CA90245
    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
    CAROL ROWE EMPLOYEE
    40.00     		96,569 3,951 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    TIANN K ORTIZ EMPLOYEE
    40.00     		52,379 0 0
    C/O GRANT NIMAN 2260 E MAPLE AVENUE
    EL SEGUNDO,CA90245
    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
    PRODIGY ASSET MANAGEMENT INVESTMENT 131,177
    14100 CRAWFORD ST
    BOYS TOWN,CA68010
    JOHN HONG ACCOUNTING 63,459
    4820 TOLAND WAY
    LOS ANGELES,CA90042
    NIMAN & ASSOCIATES ACCOUNTING 59,000
    2260 E MAPLE AVE
    EL SEGUNDO,CA90245
    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
    67,528,179
    b
    Average of monthly cash balances.......................
    1b
    4,410,065
    c
    Fair market value of all other assets (see instructions)................
    1c
    920,318
    d
    Total (add lines 1a, b, and c).........................
    1d
    72,858,562
    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
    72,858,562
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,092,878
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    71,765,684
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,588,284
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,588,284
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    36,243
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    36,243
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,552,041
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,552,041
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,552,041
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,651,278
    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) Click to see attachment.................
    3b
    1,125,000
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,776,278
    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
    36,243
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,740,035
    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 3,552,041
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010....... 279,037
    c From 2011....... 1,420,639
    d From 2012....... 1,760,813
    e From 2013....... 1,469,619
    fTotal of lines 3a through e......... 4,930,108
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 4,776,278
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 3,552,041
    e Remaining amount distributed out of corpus 1,224,237
    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 6,154,345
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		6,154,345
    10 Analysis of line 9:
    a Excess from 2010.... 279,037
    b Excess from 2011.... 1,420,639
    c Excess from 2012.... 1,760,813
    d Excess from 2013.... 1,469,619
    e Excess from 2014.... 1,224,237
    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).)
    DEBORAH ANN PETER ESTES
    JAMES B PETER JR
    KAREN MARIE PETER CANE
    CHRISTINE MARY GARD
    ARTHUR L PETER
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARCHDIOCESE OF LA
    3424 WILSHIRE BLVD
    LOS ANGELES,CA90010     		NONE PC GRANT FOR OPERATIONAL ACTIVITIES 600
    ASCENSION SCHOOLS
    517 W 112TH ST
    LOS ANGELES,CA90044     		NONE PC SCHOLARSHIPS 30,167
    BELLARMINE JEFFERSON HIGH SCHOOL
    465 E OLIVE AVE
    BURBANK,CA91501     		NONE PC SCHOLARSHIPS 1,500
    BISHOP ALEMANY HIGH SCHOOL
    11111 ALEMANY DR
    MISSION HILLS,CA91345     		NONE PC SCHOLARSHIPS 7,000
    BISHOP CONATY - OUR LADY OF LORETTO HS
    2900 W PICO BLVD
    LOS ANGELES,CA90006     		NONE PC SCHOLARSHIPS 26,550
    BISHOP MONTGOMERY HS
    5430 TORRANCE BLVD
    LOS ANGELES,CA90503     		NONE PC SCHOLARSHIPS 5,800
    BISHOP MORA SALESIAN
    960 SOUTH SOTO ST
    LOS ANGELES,CA90023     		NONE PC SCHOLARSHIPS 15,150
    BOYS TOWN
    14100 CRAWFORD ST
    BOYS TOWN,NE68010     		NONE PC GRANT 10,000
    CANTWELL SACRED HEART OF MARY HIGH SCHOOL
    329 N GARFIELD AVE
    MONTEBELLO,CA90640     		NONE PC SCHOLARSHIPS 12,000
    ASSOCIATION OF CATHOLIC STUDENT COUNCILS
    107 SOUTH FAIR OAKS AVE SUITE 214
    PASADENA,CA91105     		NONE PC SCHOLARSHIPS 25,000
    CATHEDRAL HIGH SCHOOL
    1253 BISHOPS ROAD
    LOS ANGELES,CA90012     		NONE PC SCHOLARSHIPS 24,050
    CATHOLIC SCHOOL CONSORTIUM
    1531 JAMES M WOOD BLVD
    LOS ANGELES,CA90015     		NONE PC DONATION 89,166
    BLESSED SACRAMENT CHURCH
    6657 SUNSET BLVD
    LOS ANGELES,CA90028     		NONE PC DONATION 650
    CHILDREN'S BUREAU
    1910 MAGNOLIA AVE
    LOS ANGELES,CA90007     		NONE PC DONATION 1,000
    CLARE FOUNDATION
    909 PICO BOULEVARD
    SANTA MONICA,CA90405     		NONE PC SUBSTANCE ABUSE INITIATIVE 103,500
    CLUB 21 LEARNING & RESOURCE CENTER
    539 NORTH LAKE AVENUE
    PASADENA,CA91101     		NONE PC GRANT FOR OPERATIONS 10,000
    CRESPI CARMELITE HIGH SCHOOL
    5031 ALONZO AVE
    ENCINO,CA91316     		NONE PC SCHOLARSHIPS 1,000
    DOLORES MISSION SCHOOL
    171 S GLESS ST
    LOS ANGELES,CA90033     		NONE PC SCHOLARSHIPS 78,417
    DOMINICAN SISTERS VISION OF HOPE SCHOOLS
    412 SOUTH MISSION DRIVE
    SAN GABRIEL,CA91776     		NONE PC SCHOLARSHIPS 9,000
    DON BOSCO TECHNICAL HIGH SCHOOL
    1151 SAN GABRIEL BLVD
    ROSEMEAD,CA91770     		NONE PC SCHOLARSHIPS 2,250
    HABITAT FOR HUMANITY OF GREATER LA
    8739 ARTESIA BLVD
    BELLFLOWER,CA90706     		NONE PC DONATION 5,000
    LIGHTHOUSE MEDICAL MISSIONS
    2216 SANTA MONICA BLVD SUITE 204
    SANTA MONICA,CA90404     		NONE PC GRANT 10,000
    FULFILLMENT FUND
    6100 WILSHIRE BLVD
    LOS ANGELES,CA90048     		NONE PC GRANT 10,000
    GUARDIAN ANGEL SCHOOL
    10919 NORRIS AVE
    PACOIMA,CA91331     		NONE PC TUITION ASSISTANCE 60,835
    HEAL THE BAY
    1444 9TH STREET
    SANTA MONICA,CA90401     		NONE PC DONATION 10,000
    HEALTHRIGHT 360
    12423 DAHLIA AVENUE
    EL MONTE,CA91732     		NONE PC GRANT FOR OPERATIONAL ACTIVITES 100,000
    HOLY FAMILY HIGH SCHOOL
    209 E LOMITA AVE
    GLENDALE,CA91205     		NONE PC SCHOLARSHIPS 2,500
    HOLY NAME OF JESUS CHRIST
    1955 W JEFFERSON BLVD
    LOS ANGELES,CA90018     		NONE PC GRANT 56,472
    HOMEBOY INDUSTRIES
    130 W BRUNO ST
    LOS ANGELES,CA90012     		NONE PC GRANT FOR OPERATIONAL ACTIVITES 35,000
    IMMACULATE HEART HIGH SCHOOL
    5515 FRANKLIN AVE
    LOS ANGELES,CA90028     		NONE PC GRANT FOR OPERATIONAL ACTIVITES 1,500
    IMMACULATE CONCEPTION SCHOOL
    830 GREEN AVE
    LOS ANGELES,CA90017     		NONE PC GRANT 37,000
    JUNIPERO HIGH SCHOOL
    14830 S VAN NESS AVE
    GARDENA,CA90249     		NONE PC SCHOLARSHIPS 13,262
    LA PHIL ASSOCIATION
    151 S GRAND AVE
    LOS ANGELES,CA90012     		NONE PC GRANT 20,000
    LASALLE HIGH SCHOOL
    3880 E SIERRA MADRE BLVD
    PASADENA,CA91107     		NONE PC GRANT 1,000
    LOYOLA HIGH SCHOOL
    1901 VENICE BLVD
    LOS ANGELES,CA90006     		NONE PC TUITION ASSISTANCE / SCHOLARSHIPS 9,500
    MARY STAR OF THE SEA
    2500 N TAPER AVE
    SAN PEDRO,CA90731     		NONE PC SCHOLARSHIPS 20,000
    MARYMOUNT HIGH SCHOOL
    10643 W SUNSET BLVD
    LOS ANGELES,CA90077     		NONE PC TUITION ASSISTANCE / SCHOLARSHIPS 10,000
    MIDNIGHT MISSION
    601 S SAN PEDRO ST
    LOS ANGELES,CA90014     		NONE PC GRANT TO SUPPORT OPERATIONAL ACTIVITIES 25,000
    NATIONAL MS SOCIETY
    5150 W GOLDLEAF CIRCLE SUITE 400
    LOS ANGELES,CA90056     		NONE PC DONATION 10,000
    NATIVITY SCHOOL
    944 WEST 56TH ST
    LOS ANGELES,CA90037     		NONE PC GRANT 51,667
    NOTRE DAME ACADEMY
    2851 OVERLAND AVE
    LOS ANGELES,CA90064     		NONE PC SCHOLARSHIPS 6,000
    OPCC
    1453 16TH ST
    SANTA MONICA,CA90404     		NONE PC DONATION 10,000
    LOUISVILLE HIGH SCHOOL
    22300 MULHOLLAND DR
    WOODLAND HILLS,CA91364     		NONE PC TUITION ASSISTANCE 3,000
    OUR LADY OF PEACE
    9022 LANGDON AVE
    NORTH HILLS,CA91343     		NONE PC TUITION ASSISTANCE 22,501
    OUR LADY OF THE HOLY ROSARY
    7800 VINELAND AVE
    SUN VALLEY,CA91352     		NONE PC TUITION ASSISTANCE 74,166
    PREVENTION & RESCUE
    1027 W 87TH STREET
    LOS ANGELES,CA90044     		NONE PC DONATION 1,000
    PROTOTYPES
    1000 N ALAMEDA ST
    LOS ANGELES,CA90012     		NONE PC GRANT 100,000
    PROVIDENCE HIGH SCHOOL
    511 S BUENA VISTA ST
    BURBANK,CA91505     		NONE PC TUITION ASSISTANCE 500
    RESURRECTION CATHOLIC SCHOOL
    3360 E OPAL STREET
    LOS ANGELES,CA90023     		NONE PC SCHOLARSHIPS 77,475
    SACRED HEART HIGH SCHOOL
    2111 GRIFFIN AVENUE
    LOS ANGELES,CA90031     		NONE PC SCHOLARSHIPS 10,500
    SACRED HEARTS ELEMENTARY SCHOOL
    2109 SICHEL STREET
    LOS ANGELES,CA90031     		NONE PC DONATION 83,623
    NEW ROADS HIGH SCHOOL
    3131 OLYMPIC BLVD
    SANTA MONICA,CA90404     		NONE PC SCHOLARSHIPS 10,000
    SAINTS PETER AND PAUL SCHOOL
    706 BAY VIEW AVENUE
    WILMINGTON,CA90744     		NONE PC GRANT 7,049
    SAN GABRIEL MISSION HIGH SCHOOL
    254 S SANTA ANITA ST
    SAN GABRIEL,CA91776     		NONE PC DONATION 5,000
    SANTA TERESITA CATHOLIC SCHOOL
    2646 ZONAL AVE
    LOS ANGELES,CA90033     		NONE PC TUITION ASSISTANCE 61,085
    SHIELDS FOR FAMILIES
    PO BOX 59129
    LOS ANGELES,CA90059     		NONE PC SUBSTANCE ABUSE INITIATIVE 117,000
    SKIRBALL CULTURAL CENTER
    2701 N SEPULVEDA BLVD
    LOS ANGELES,CA90049     		NONE PC GRANT 40,000
    SAINT MICHAEL'S CATHOLIC SCHOOL
    1027 W 87TH ST
    LOS ANGELES,CA90012     		NONE PC TUITION ASSISTANCE 1,000
    ST ALOYSIUS GONZAGA SCHOOL
    20323 E NADEAU
    LOS ANGELES,CA90001     		NONE PC TUITION ASSISTANCE 61,278
    SISTERS OF SOCIAL SERVICES LOS ANGELES
    4316 LANAI ROAD
    ENCINO,CA91436     		NONE PC DONATION 1,000
    ST ANNE'S HOME
    155 N OCCIDENTAL BOULEVARD
    LOS ANGELES,CA90026     		NONE PC DONATION 41,667
    ST ANTHONY HIGH SCHOOL
    620 OLIVE AVE
    LONG BEACH,CA90802     		NONE PC SCHOLARSHIPS 717
    ST BERNARD HIGH SCHOOL
    9100 FALMOUTH AVE
    PLAYA DEL REY,CA90293     		NONE PC SCHOLARSHIPS 8,231
    ST COLUMBKILLE SCHOOL
    145 WEST 64TH ST
    LOS ANGELES,CA90003     		NONE PC TUITION ASSISTANCE 79,166
    ST EUGENE SCHOOL
    9521 S HAAS AVENUE
    LOS ANGELES,CA90047     		NONE PC CSC GRANT 65,984
    ST FRANCIS CENTER
    1835 SOUTH HOPE STREET
    LOS ANGELES,CA90015     		NONE PC GRANT TO SUPPORT OPERATIONAL ACTIVITIES 27,500
    ST GENEVIEVE HIGH SCHOOL
    13967 ROSCOE BLVD
    PANORAMA CITY,CA91402     		NONE PC SCHOLARSHIPS 21,500
    ST GERTRUDE THE GREAT
    6824 TOLER AVE
    BELL GARDENS,CA90201     		NONE PC TUITION ASSISTANCE 91,078
    ST JOHN BOSCO HIGH SCHOOL
    13640 BELLFLOWER BLVD
    BELLFLOWER,CA90706     		NONE PC SCHOLARSHIPS 5,000
    ST JOSEPH CENTER
    204 HAMPTON DR
    VENICE,CA90291     		NONE PC GRANT FOR OPERATIONAL ACTIVITIES 32,000
    ST JOSEPH HIGH SCHOOL LAKEWOOD
    5825 WOODRUFF AVE
    LAKEWOOD,CA90713     		NONE PC SCHOLARSHIPS 2,000
    ST MARY'S ACADEMY
    701 GRACE AVE
    INGLEWOOD,CA90301     		NONE PC SCHOLARSHIPS 26,147
    ST MATTHIAS HIGH SCHOOL
    7851 GARDENDALE ST
    DOWNEY,CA90242     		NONE PC SCHOLARSHIPS 12,690
    ST MICHAEL SCHOOL
    1027 W 87TH STREET
    LOS ANGELES,CA90044     		NONE PC TUITION ASSISTANCE 74,704
    ST MONICA HIGH SCHOOL
    1030 LINCOLN BLVD
    SANTA MONICA,CA90403     		NONE PC SCHOLARSHIPS 11,000
    ST ODILIA SCHOOL
    5300 S HOOPER AVE
    LOS ANGELES,CA90011     		NONE PC GRANT 47,453
    ST PATRICK'S CATHOLIC SCHOOL
    10606 ERWIN ST
    N HOLLYWOOD,CA91606     		NONE PC TUITION ASSISTANCE 48,627
    ST PAUL HIGH SCHOOL
    9635 GREENLEAF AVE
    SANTA FE SPRINGS,CA90670     		NONE PC SCHOLARSHIPS 417
    ST RAPHAEL SCHOOL
    924 W 70TH STREET
    LOS ANGELES,CA90044     		NONE PC TUITION ASSISTANCE 78,224
    ST TURIBIUS CATHOLIC SCHOOL
    1524 ESSEX STREET
    LOS ANGELES,CA90021     		NONE PC GRANT 2,000
    ST VINCENT DE PAUL
    231 WINSTON ST
    LOS ANGELES,CA90013     		NONE PC GRANT FOR OPERATIONAL ACTIVITIES 35,000
    ST VINCENT MEALS ON WHEELS
    2131 WEST 3RD STREET
    LOS ANGELES,CA90057     		NONE PC GRANT FOR OPERATIONAL ACTIVITIES 25,000
    STEP UP ON SECOND
    1328 SECOND ST
    SANTA MONICA,CA90401     		NONE PC GRANT 25,000
    ST PAUL THE APOSTLE CHURCH
    10750 OHIO AVENUE
    LOS ANGELES,CA90024     		NONE PC GRANT FOR OPERATIONAL ACTIVITIES 8,000
    THE RIORDAN PROGRAMS
    110 WESTWOOD PLAZA
    LOS ANGELES,CA90095     		NONE PC DONATION 2,500
    USC CARUSO CATHOLIC CENTER
    844 WEST THIRTY SECOND STREET
    LOS ANGELES,CA90007     		NONE PC DONATION 8,000
    VENICE FAMILY CLINIC
    604 ROSE AVENUE
    VENICE,CA90291     		NONE PC DONATION 25,000
    VERBUM DEI HIGH SCHOOL
    11100 S CENTRAL AVENUE
    LOS ANGELES,CA90059     		NONE PC TUITION ASSISTANCE 7,273
    WESTSIDE FOODBANK
    1710 22ND STREET
    SANTA MONICA,CA90404     		NONE PC DONATION 30,000
    WOUNDED WARRIORS PROJECT
    8880 RIO SAN DIEGO DRIVE UNIT 900
    SAN DIEGO,CA92108     		NONE PC DONATION 2,000
    ST PETER & PAUL SCHOOL
    706 BAY VIEW AVE
    WILMINGTON,CA90744     		NONE PC MARKETING DIRECTOR PROGRAM, ENROLLMENT ASSISTANCE 29,167
    Total .................................bullet 3a 2,506,758
    bApproved for future payment
    CATHOLIC SCHOOL CONSORTIUM
    1531 JAMES M WOOD BLVD
    LOS ANGELES,CA90015     		NONE PC DONATION 180,000
    IMMACULATE CONCEPTION SCHOOL
    830 GREEN AVE
    LOS ANGELES,CA90017     		NONE PC MARKETING DIRECTOR PROGRAM, ENROLLMENT ASSISTANCE 15,000
    ASCENSION SCHOOL
    517 W 112TH ST
    LOS ANGELES,CA90044     		NONE PC SCHOLARSHIPS 20,000
    ST PETER & PAUL SCHOOL
    706 BAY VIEW AVE
    WILMINGTON,CA90744     		NONE PC MARKETING DIRECTOR PROGRAM, ENROLLMENT ASSISTANCE 17,500
    Total .................................bullet 3b 232,500
    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 30  
    4 Dividends and interest from securities....     14 1,149,392  
    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..... 525990 47,994 14 372,901  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 2,256,134  
    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).. 47,994 3,778,457 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,826,451
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    SPECIALTY FAMILY FOUNDATION
     
    Employer identification number

    20-4896662
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    SPECIALTY FAMILY FOUNDATION
          		Employer identification number

    20-4896662
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ON THE SHOULDERS OF GIANTS LLC
     

       
    C/O NIMAN ASSOC 2260 E MAPLE AVE
     
    EL SEGUNDO, CA90245

    		$60,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    JOAN C PETER ESTATE
     

       
    C/O NIMAN ASSOC 2260 E MAPLE AVE
     
    EL SEGUNDO, CA90245

    		$189,229


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    SPECIALTY FAMILY FOUNDATION
          		Employer identification number

    20-4896662
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    SPECIALTY FAMILY FOUNDATION
          		Employer identification number

    20-4896662
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 91,886 22,971   91,886

    TY 2014 CashDistributionExplnStmt
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Explanation:
    PURSUANT TO IRS REGULATIONS, THE GRANT OF $1,125,000 FOR FUTURE PAYMENT TO THE CLARE FOUNDATION MEETS THE REQUIREMENTS FOR INCLUSION AS A 2014 QUALIFYING DISTRIBUTION (FORM 990-PF, PART XII). THE GRANT TO THE CLARE FOUNDATION IS FOR A SPECIFIC PROJECT THAT WAS NOT COMPLETED PRIOR TO THE END OF 2014, THE START UP MINIMUM WAS PAID AND THE FOUNDATION ACTUALLY DISTRIBUTED THE FULL REMAINING PAYMENT TO THE CLARE FOUNDATION IN 2015.

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 DepreciationSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 2008-02-28 2,371 2,371 SL 3.000000000000 0 0    
    COMPUTER 2008-09-10 3,452 3,452 SL 3.000000000000 0 0    
    PRINTER 2008-12-02 3,139 3,139 SL 3.000000000000 0 0    
    COMPUTER 2011-02-01 836 813 SL 3.000000000000 23 0    
    COMPUTER 2012-06-04 1,910 1,115 SL 3.000000000000 637 0    
    COMPUTER 2012-12-05 1,695 612 SL 3.000000000000 565 0    
    MONITOR 2012-12-05 776 281 SL 3.000000000000 259 0    
    SOFTWARE 2013-09-03 7,500 833 SL 3.000000000000 2,500 0    
    COMPUTER 2013-12-01 760 21 SL 3.000000000000 253 0    
    COMPUTER 2013-12-01 2,310 64 SL 3.000000000000 770 0    
    COMPUTER 2013-12-01 962 27 SL 3.000000000000 321 0    
    REFRIGERATOR 2008-12-29 1,661 1,661 SL 5.000000000000 0 0    
    DESKS 2009-01-05 3,932 3,932 SL 5.000000000000 0 0    
    TABLE 2010-09-14 954 636 SL 5.000000000000 191 0    
    TELEPHONE SYSTEM 2009-01-01 4,340 4,340 SL 5.000000000000 0 0    
    TELEPHONE SYSTEM 2009-01-15 849 849 SL 5.000000000000 0 0    
    COMPUTERS 2014-01-27 2,078   SL 3.000000000000 635 0    
    CONFERENCE ROOM FURNITURE 2014-03-27 300   SL 5.000000000000 45 0    
    CONFERENCE ROOM FURNITURE 2014-03-27 1,072   SL 5.000000000000 161 0    
    CONFERENCE ROOM FURNITURE 2014-08-15 12,227   SL 5.000000000000 1,019 0    
    CONFERENCE ROOM FURNITURE 2014-10-08 1,729   SL 5.000000000000 86 0    
    CONFERENCE ROOM FURNITURE 2014-12-12 2,198   SL 5.000000000000 37 0    

    TY 2014 InvestmentsOtherSchedule2
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CHARLES SCHWAB - MUTUAL FUNDS FMV 38,680,804 38,680,804
    DAVIDSON KEMPNER INTERNATIONAL, LTD FMV 4,283,385 4,283,385
    ABRAMS CAPITAL PARTNERS II, LP FMV 2,614,390 2,614,390
    AG REALTY FUND VII FMV 573,273 573,273
    EMINENCE FUND, LTD FMV 2,371,953 2,371,953
    ENCAP ENERGY CAPITAL FUND VII-B, LP FMV 471,552 471,552
    HIGHFIELDS CAPITAL LTD FMV 4,176,972 4,176,972
    HOPLITE OFFSHORE FUND, LTD FMV 2,056,374 2,056,374
    MASON CAPITAL, LTD FMV 2,284,109 2,284,109
    THE VARDE FUND IX, LP FMV 563,336 563,336
    VALUEACT ALLCAP INTERNATIONAL LP FMV 3,725,178 3,725,178
    YORK INVESTMENT LTD. FMV 2,026,244 2,026,244
    SENATOR GLOBAL FUND LTD. FMV 2,149,144 2,149,144
    VARDE INVESTMENT PARTNERS FMV 1,042,287 1,042,287
    ANCHORAGE CAPITAL PARTNERS FMV 2,072,584 2,072,584

    TY 2014 LandEtcSchedule2
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 2,371 2,371 0  
    COMPUTER 3,452 3,452 0  
    PRINTER 3,139 3,139 0  
    COMPUTER 836 836 0  
    COMPUTER 1,910 1,752 158  
    COMPUTER 1,695 1,177 518  
    MONITOR 776 540 236  
    SOFTWARE 7,500 3,333 4,167  
    COMPUTER 760 274 486  
    COMPUTER 2,310 834 1,476  
    COMPUTER 962 348 614  
    REFRIGERATOR 1,661 1,661 0  
    DESKS 3,932 3,932 0  
    TABLE 954 827 127  
    TELEPHONE SYSTEM 4,340 4,340 0  
    TELEPHONE SYSTEM 849 849 0  
    COMPUTERS 2,078 635 1,443  
    CONFERENCE ROOM FURNITURE 300 45 255  
    CONFERENCE ROOM FURNITURE 1,072 161 911  
    CONFERENCE ROOM FURNITURE 12,227 1,019 11,208  
    CONFERENCE ROOM FURNITURE 1,729 86 1,643  
    CONFERENCE ROOM FURNITURE 2,198 37 2,161  


    TY 2014 LegalFeesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 11,279 0   11,279


    TY 2014 OtherAssetsSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID TAXES 1,920 1,920 1,920
    SECURITY DEPOSIT 5,351 15,804 15,804
    OTHER RECEIVABLE 25,000 5,898 5,898


    TY 2014 OtherDecreasesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    POSTAGE AND DELIVERY 2,591 0   2,591
    TELEPHONE EXPENSE 7,165 0   7,165
    AUTOMOBILE EXPENSE 19,447 0   19,447
    OFFICE SUPPLIES 18,594 0   18,594
    INSURANCE 18,849 0   18,849
    DUES & MEMBERSHIPS 28,188 0   28,188
    OFFICE EXPENSE 19,005 0   19,005
    DIRECT GRANTEE EXPENSES 3,540 0   3,540
    IT SERVICES 8,659 0   8,659
    EXPENSES ASSOCIATED WITH BEQUEST 61,802 0   61,802


    TY 2014 OtherIncomeSchedule2
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ORDINARY INCOME (LOSS) FROM PASSTHROUGH ENTITIES 372,901 372,901 0
    ORDINARY INCOME (LOSS) FROM PASSTHROUGH ENTITIES 47,994 0 47,994


    TY 2014 OtherLiabilitiesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Description Beginning of Year - Book Value End of Year - Book Value
    INVESTMENT FEES PAYABLE 32,564 32,949
    SALARIES PAYABLE 30,379 27,926
    DEFERRED TAXES PAYABLE 104,003 81,897
    DEFERRED RENT PAYABLE 3,775 7,375
    401(K) PAYABLE 0 1,207


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EMPLOYMENT RECRUITING 92,470 0   92,470
    INVESTMENT FEES 131,177 131,177   0
    OTHER PROFESSIONAL FEES 548 0   548


    TY 2014 TaxesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN: 20-4896662
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL 9,671 0   9,671
    TAXES 13,715 0   0