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 WIDGEON POINT CHARITABLE FOUNDATION
F/K/A THE BEINECKE FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)CSV 50 CHAS LINDBERGH BLVD STE 605   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
UNIONDALE, NY11553
A Employer identification number

13-6201175
B Telephone number (see instructions)

(516) 483-5800
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$59,329,252J 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).............. 0
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 178 178  
4 Dividends and interest from securities...... 1,590,912 1,590,912  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,910,087
b Gross sales price for all assets on line 6a 15,216,057
7 Capital gain net income (from Part IV, line 2)... 2,910,087
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 15,575 15,575  
12 Total. Add lines 1 through 11........ 4,516,752 4,516,752  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 352,083 140,833   211,250
14 Other employee salaries and wages...... 321,379 176,552   144,827
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 160,000 80,000   80,000
c Other professional fees (attach schedule).... Click to see attachment 61,772 30,886   30,886
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 39,300 16,774   19,074
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,223 0  
20 Occupancy.............. 37,260 18,630   18,630
21 Travel, conferences, and meetings....... 4,041 2,021   2,020
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 722,678 529,862   210,816
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,702,736 995,558   717,503
25 Contributions, gifts, grants paid........ 1,923,963 1,923,963
26 Total expenses and disbursements. Add lines 24 and 25 3,626,699 995,558   2,641,466
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 890,053
b Net investment income (if negative, enter -0-) 3,521,194
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.......... 7,182,213 8,893,085 8,893,085
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   625    
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...........   9,751 9,751
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)........... 44,159,913 Click to see attachment41,967,435 50,383,760
14 Land, buildings, and equipment: basis bullet45,297
Less: accumulated depreciation (attach schedule) bullet7,766 14,174 Click to see attachment37,531 37,531
15 Other assets (describe bullet) Click to see attachment5,125 Click to see attachment5,125 Click to see attachment5,125
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 51,362,050 50,912,927 59,329,252
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment74,368 Click to see attachment56,939
23 Total liabilities (add lines 17 through 22).......... 74,368 56,939
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 51,287,682 50,855,988
30 Total net assets or fund balances (see instructions)...... 51,287,682 50,855,988
31 Total liabilities and net assets/fund balances (see instructions).. 51,362,050 50,912,927
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 51,287,682
2 Enter amount from Part I, line 27a..................... 2 890,053
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 52,177,735
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,321,747
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 50,855,988
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 VARIOUS TRADES ON BNY MELLON #6830 P 2001-01-01 2014-12-31
b KINDER MORGAN TRADES ON BNY MELLON #6830 P 2001-01-01 2014-12-31
c VARIOUS TRADES ON FIDELITY #0156 P 2001-01-01 2014-12-31
d VARIOUS TRADES ON MORGAN STANLEY #0904 P 2001-01-01 2014-12-31
e NUSTAR ENERGY TRADE ON BNY MELLON #6830 P 2001-01-01 2014-12-31
BLACKSTONE GROUP LP P 2001-01-01 2014-12-31
ENTERPRISE PRODUCTS PTR LP P 2001-01-01 2014-12-31
KKR & CO LP P 2001-01-01 2014-12-31
ONEOK PARTNERS LP P 2001-01-01 2014-12-31
ICAHN ENTERPRISE LP P 2001-01-01 2014-12-31
ROYCE 100 FUND P 2001-01-01 2014-12-31
ROYCE DISCOVERY FUND P 2001-01-01 2014-12-31
ROYCE INSTITUTIONAL FUND P 2001-01-01 2014-12-31
TARGA RESOURCE P 2001-01-01 2014-12-31
WILLIAMS PARTNERS LP P 2001-01-01 2014-12-31
WESTBURY INVESTMENT PARTNERS LP P 2001-01-01 2014-12-31
(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 8,556,175   8,847,612 -291,437
b 1,356,225     1,356,225
c 656,872   527,152 129,720
d 3,188,617   2,848,879 339,738
e 183,408   81,549 101,859
3,589     3,589
    351 -351
11,066     11,066
    148 -148
3,682     3,682
330,754     330,754
50,868     50,868
874,549     874,549
    267 -267
    12 -12
252     252
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       -291,437
b       1,356,225
c       129,720
d       339,738
e       101,859
      3,589
      -351
      11,066
      -148
      3,682
      330,754
      50,868
      874,549
      -267
      -12
      252
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 2,910,087
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 2,881,338 44,381,188 0.064923
2012 2,937,266 44,887,913 0.065436
2011 0 0 0.000000
2010 3,566,010 62,889,675 0.056703
2009 3,088,801 58,774,906 0.052553
2 Total of line 1, column (d) ...................... 2 0.239615
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 0.047923
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 57,409,857
5 Multiply line 4 by line 3....................... 5 2,751,253
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 40,000
7 Add lines 5 and 6......................... 7 3,108,000
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,880,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 70,424
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 70,424
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 70,424
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 89,026
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 89,026
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 18,602
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet18,602 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)
    bulletNY
    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 ofbulletCOOPERSMITH SIMON VOGEL CPA'S Telephone no.bullet (516) 483-5800
    Located atbullet50 CHARLES LINDBERGH BLVD SUITE 605UNIONDALENY ZIP+4bullet11553
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JOHN R ROBINSON PRESIDENT
    35.00     		352,083 0 0
    C/O CSV CPAS 50 CHARLES LINDBERGH
    BLVD
    UNIONDALE,NY11553
    ABIGAIL PHIPPS BOWERS VICE PRESIDENT
    10.00     		0 0 0
    C/O CSV CPAS 50 CHARLES LINDBERGH
    BLVD
    UNIONDALE,NY11553
    ROWLAND P ROBINSON TREASURER
    10.00     		0 0 0
    C/O CSV CPAS 50 CHARLES LINDBERGH
    BLVD
    UNIONDALE,NY11553
    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
    JEFFREY COOPERSMITH CFO
    35.00     		160,000 0 0
    C/O CSV 50 CHAS LINDBERGH STE 605
    UNIONDALE,NY11553
    ANN BOLAND EXECUTIVE ASSISTANT
    35.00     		90,225 0 0
    C/O CSV 50 CHAS LINDBERGH STE 605
    UNIONDALE,NY11553
    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
    COOPERSMITH SIMON & VOGEL PC ACCOUNTING AND TAX SERVICES 160,000
    50 CHARLES LINDBERGH BLVD STE 605
    UNIONDALE,NY11553
    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 NONE 0
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    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
    50,657,054
    b
    Average of monthly cash balances.......................
    1b
    7,627,065
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    58,284,119
    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
    58,284,119
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    874,262
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    57,409,857
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,870,493
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,870,493
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    70,424
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    70,424
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,800,069
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,800,069
    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
    2,800,069
    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
    2,641,466
    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
    2,641,466
    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
    2,641,466
    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 2,800,069
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013....... 620,349
    fTotal of lines 3a through e......... 620,349
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 2,641,466
    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..... 2,641,466
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 158,603 158,603
    (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 5 461,746
    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 ......     		461,746
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013.... 461,746
    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:
    JEFFREY COOPERSMITH
    50 CHARLES LINDBERGH BLVD
    UNIONDALE,NY11553
    (516) 483-5800
    bThe form in which applications should be submitted and information and materials they should include:
    NONE
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    YESHIVA UNIVERSITY
    500 W 185TH ST
    NEW YORK,NY10033     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 150,000
    FRIENDS OF MT VERNON
    3200 MOUNT VERNON MEMORIAL HIGHWAY
    MOUNT VERNON,NY22121     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    FRENCH HERITAGE SOCIETY
    14 E 60TH ST 605
    NEW YORK,NY10022     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    CENTRAL PARK CONVSERVANCY
    14 EAST 60TH STREET
    NEY YORK,NY10022     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    SPROUT CREEK FARM
    34 LAUER ROAD
    POUGHKEEPSIE,NY12603     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 55,000
    AMERICAN FRIENDS OF SHANGHAI MUSEUM
    530 E 86TH ST
    NEW YORK,NY10028     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    CENTRAL PARK CONVSERVANCY
    14 E 60TH ST 605
    NEY YORK,NY10022     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    FRIENDS OF ARCADIA
    440 COTTAGE STREET
    BAR HARBOR,ME04609     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    HARVARD UNIVERSITY
    32 QUINCY STREET
    CAMBRIDGE,MA02138     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    ASIA SOCIETY
    725 PARK AVE
    NEW YORK,NY10021     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    NEUBERGER MUSEUM OF ART
    735 ANDERSON HILL RD
    PURCHASE,NY10577     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    BOYS CLUB OF NY
    287 EAST 10TH STREET
    NEW YORK,NY10009     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    BOYS CLUB OF NY
    287 EAST 10TH STREET
    NEW YORK,NY10009     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    THE GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY
    49 W 45TH ST
    NEW YORK,NY10036     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    KENTS HILL SCHOOL
    PO BOX 257
    KENTS HILL,ME04349     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 60,000
    KENTS HILL SCHOOL
    PO BOX 257
    KENTS HILL,ME04349     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    MOUNT VERNON LADIES ASSOCIATION
    3200 MOUNT VERNON MEMORIAL HWY
    ALEXANDRIA,VA22309     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    CENTRAL PARK CONVSERVANCY
    14 E 60TH ST 605
    NEW YORK,NY10022     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 12,000
    YALE UNIVERSITY
    NEW HAVEN
    NEW HAVEN,CT06520     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 20,000
    MAINE COMMUNITY FOUNDATION
    245 MAIN ST
    ELLSWORTH,ME04605     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    HARVARD UNIVERSITY
    32 QUINCY STREET
    CAMBRIDGE,MA06830     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    CATSKILL MOUNTAINKEEPER
    47 MAIN ST
    LIVINGSTON MANOR,NY12758     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    DOING ART TOGETHER
    127 W 127TH ST 107
    NEW YORK,NY10027     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 25,000
    POLICE ATHLETIC LEAGUE
    35 HAYESTOWN RD
    DANBURY,CT06811     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    NAVAL WAR COLLEGE FOUNDATION
    LUCE HALL 686 CUSHING RD
    NEWPORT,RI02841     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    NORTHEAST HARBOR LIBRARY
    1 JOY RD
    NORTHEAST HARBOR,ME04662     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    NEW YORK BOTANICAL GARDEN
    200 BEDFORD PARK BLVD
    BRONX,NY10458     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 3,500
    FRENCH AMERICAN AID FOR CHILDREN
    150 E 58TH ST 2310
    NEW YORK,NY10155     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    COALITION FOR SECURE DRIVERS LICENSE
    1300 PENNSYLVANIA AVE NW
    WASHINGTON,DC20004     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    LINCOLN CENTER THEATRE
    10 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 15,000
    MOUNT DESERT HISTORICAL SOCIETY
    PO BOX 653
    MOUNT DESERT,ME04660     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    MOUNT DESERT ISLAND HOSPITAL
    10 WAYMAN LN
    BAR HARBOR,ME04609     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 25,000
    HARVARD BUSINESS SCHOOL
    32 QUINCY STREET
    CAMBRIDGE,MA02138     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    HARVARD UNIVERSITY
    32 QUINCY STREET
    CAMBRIDGE,MA02138     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 600
    ST VINCENT'S UROLOGY RESEARCH FUND
    3 KEANE CT
    RYE,NY10580     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 25,000
    NEW YORK BOTANICAL GARDEN
    200 BEDFORD PARK BLVD
    BRONX,NY10458     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 3,000
    MANHATTANVILLE COLLEGE
    2900 PURCHASE ST
    PURCHASE,NY10577     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    MUSEUM OF MODERN ART
    11 W 53RD ST
    NEW YORK,NY10019     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,200
    AMERICAN MUSEUM OF NATURAL HISTORY
    CENTRAL PARK WEST 79TH ST
    NEW YORK,NY10024     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 3,500
    LINCOLN CENTER THEATRE
    10 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    HARVARD UNIVERSITY
    32 QUINCY STREET
    CAMBRIDGE,MA02138     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    GARDEN CLUB OF MOUNT DESERT
    POST OFFICE BOX 813
    NORTHEAST HARBOR,ME04662     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    RIPPLE EFFECT
    3600 GASTON AVENUE
    DALLAS,TX75246     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    INSTITUTE FOR CIVIC LEADERSHIP
    45-10 94TH ST
    NEW YORK,NY11373     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    SAIL MAINE
    58 FORE STREET
    PORTLAND,ME04104     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 20,000
    NEW YORK HISTORICAL SOCIETY
    170 CENTRAL PARK WEST
    NEW YORK,NY10024     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,000
    TRUSTEES OF COLUMBIA UNIVERSITY
    535 W 116TH ST
    NEW YORK,NY10027     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    FRENCHMAN BAY CONSERVANCY
    71 TIDAL FALLS RD
    HANCOCK,ME04640     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    FOXCROFT SCHOOL
    22407 FOXHOUND LN
    MIDDLEBURG,VA20117     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 25,000
    WORLD MONUMENT FUND
    EMPIRE STATE BUILDING 350 5TH AVE
    2412
    NEW YORK,NY10001     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    NEW YORK HISTORICAL SOCIETY
    170 CENTRAL PARK WEST
    NEW YORK,NY10024     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,000
    TRUST FOR THE NATIONAL MALL
    1300 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20004     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    NEW YORK HISTORICAL SOCIETY
    170 CENTRAL PARK WEST
    NEW YORK,NY10024     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    TREK MEDICS INTERNATIONAL INC
    375 SOUTH END AVE 35R
    NEW YORK,NY10280     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 35,000
    TWO EAST SIXTY SECOND ST FOUNDATION
    2 E 62ND ST
    NEW YORK,NY10021     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    THE FRANKLIN AND ELEANOR ROOSEVELT INSTITUTE
    570 LEXINGTON AVE 501
    NEW YORK,NY10022     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    PETITIE PLAISANCE CONSERVATION FUND
    PO BOX 368 65 HIGH RIDGE ROAD
    NORTHEAST HARBOR,ME04662     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    ROUND HILL FIRE DEPARTMENT
    4 MAIN ST
    ROUND HILL,VA20141     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    TRUSTEES OF COLUMBIA UNIVERSITY
    535 E 70TH ST
    NEW YORK,NY10027     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    METROPOLITAN MUSEUM OF ART
    1000 5TH AVE
    NEW YORK,NY10028     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    ABILITY BEYOND DISABILITY
    ABILITY BEYOND 4 BERKSHIRE BLVD
    BETHEL,CT06801     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    COLLEGE OF THE ATLANTIC
    105 EDEN ST
    BAR HARBOR,ME04609     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    NEW YORK BOTANICAL GARDEN
    200 BEDFORD PARK BLVD
    BRONX,NY10458     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 100,000
    SILVER SHIELD ASSOCIATION INC
    11 HAVEMEYER PL
    GREENWICH,CT06830     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    MANHATTANVILLE COLLEGE
    2900 PURCHASE ST
    PURCHASE,NY10577     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 12,500
    YALE UNIVERSITY
    NEW HAVEN
    NEW HAVEN,CT06520     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 20,000
    HARVARD UNIVERSITY
    32 QUINCY STREET
    CAMBRIDGE,MA02138     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 60,000
    AMERICAN FRIENDS OF BLERANCOURT
    20 WEST 44TH ST ROOM 506
    NEW YORK,NY10036     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    FAMILY CENTERS
    40 ARCH STREET
    GREENWICH,CT06830     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 4,000
    BOYS CLUB OF NY
    287 EAST 10TH STREET
    NEW YORK,NY10009     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 158
    FAMILY CENTERS
    40 ARCH STREET
    GREENWICH,CT06830     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 12,000
    BEATRIX FERRAND SOCIETY
    PO BOX 11
    MOUNT DESERT,ME04660     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    BOYS CLUB OF NY
    287 EAST 10TH STREET
    NEW YORK,NY10009     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 7,000
    BOYS CLUB OF NY
    287 EAST 10TH STREET
    NEW YORK,NY10009     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 3,000
    COLUMBIA UNIVERSITY
    630 WEST 168TH STREET
    NEW YORK,NY10032     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 50,000
    PARK AVENUE PRESERVATION FOUNDATION
    564 PARK AVE
    NEW YORK,NY10065     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    ADDISON GALLERY OF AMERICAN ART
    180 MAIN ST
    ANDOVER,MA01810     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    MOUNT DESERT BIOLOGICAL LABORATORY
    159 OLD BAR HARBOR RD
    BAR HARBOR,ME04609     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    STANWICH CONGREGATIONAL CHURCH
    202 TACONIC RD
    GREENWICH,CT06831     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 25,000
    NATIONAL AUDUBON SOCIETY INC
    225 VARICK ST
    NEW YORK,NY10014     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    RYE COUNTRY DAY SCHOOL
    3 CEDAR ST
    RYE,NY10580     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    HISTORIC NEIGHBORHOOD PRES PROGRAM
    ADDRESS 65 HIGH RIDGE ROAD
    STAMFORD,CT06905     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    NEW YORK BOTANICAL GARDEN
    200 BEDFORD PARK BLVD
    BRONX,NY10458     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 250,000
    SPROUT CREEK FARM
    34 LAUER ROAD
    POUGHKEEPSIE,NY12603     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 27,000
    FRICK COLLECTION
    1 EAST 70TH STREET
    NEW YORK,NY10021     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    AMERICAN FRIENDS OF BLERANCOURT
    20 WEST 44TH ST ROOM 506
    NEW YORK,NY10036     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 3,000
    NEW YORK LANDMARKS CONSERVANCY INC
    1 WHITEHALL ST 21
    NEW YORK,NY10004     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    FRICK COLLECTION
    1 EAST 70TH STREET
    NEW YORK,NY10021     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 30,000
    HARVARD ART MUSEUM
    32 QUINCY STREET
    CAMBRIDGE,MA02138     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    SAIL MAINE
    58 FORE STREET
    PORTLAND,ME04104     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 20,000
    FALMOUTH HIGH SCHOOL
    874 GIFFORD ST
    EAST FALMOUTH,MA02536     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    THE LIFELIGHT FOUNDATION
    3558 SOUTH JEFFERSON
    ST LOUIS,MO63118     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    MOUNT DESERT CHAMBER MUSIC
    1 KIMBALL RD
    NORTHEAST HARBOR,ME04662     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    FRICK COLLECTION
    1 EAST 70TH STREET
    NEW YORK,NY10021     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    ARCHIVES OF AMERICAN ART
    300 PARK AVE S 300
    NEW YORK,NY10010     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 3,000
    SEAL HARBOR VILLAGE IMPROVEMENT
    PO BOX 171
    SEAL HARBOR,ME04675     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    GARDEN CONSERVANCY
    PO BOX 219
    COLD SPRING,NY10516     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    FRIENDS OF ACADIA
    43 COTTAGE ST
    BAR HARBOR,ME04609     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    JAMES MARSTON FITCH CHARITABLE FOUNDATION
    232 EAST 11TH STREET
    NEW YORK,NY10003     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 35,000
    HORTICULTURAL SOCIETY OF NY
    13 148 W 37TH ST
    NEW YORK,NY10018     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,000
    HARVARD ART MUSEUM
    32 QUINCY STREET
    CAMBRIDGE,MA02138     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 50,000
    ISLAND HOUSING TRUST
    346 STATE RD
    VINEYARD HAVEN,MA02568     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    GARDEN CONSERVANCY
    PO BOX 219
    COLD SPRING,NY10516     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    ENGLISH SPEAKING UNION
    144 E 39TH ST
    NEW YORK,NY10016     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 600
    HALCYON FOUNDATION
    555 5TH AVE
    NEW YORK,NY10017     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    CATSKILL MOUNTAINKEEPER
    47 MAIN ST
    LIVINGSTON MANOR,NY12758     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 50,000
    CENTRAL PARK CONVSERVANCY
    14 E 60TH ST 605
    NEW YORK,NY10022     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    NEW YORK LANDMARKS CONSERVANCY INC
    1 WHITEHALL ST 21
    NEW YORK,NY10004     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,000
    NEXT STEP
    PO BOX 1466
    ELLSWORTH,ME04605     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    HARVARD UNIVERSITY
    32 QUINCY STREET
    CAMBRIDGE,MA02138     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    CITY CLUB OF NEW YORK
    249 W 34TH STREET 402
    NEW YORK,NY10001     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 250
    ARCHIVES OF AMERICAN ART
    300 PARK AVE S 300
    NEW YORK,NY10010     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 6,000
    SPACE GALLERY
    538 CONGRESS ST
    PORTLAND,ME04101     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 20,000
    RIPPLE EFFECT
    3600 GASTON AVENUE
    DALLAS,TX75246     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    PORTLAND MUSEUM OF ART
    7 CONGRESS ST
    PORTLAND,ME04101     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    ARCHIVES OF AMERICAN ART
    300 PARK AVE S 300
    NEW YORK,NY10010     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 7,000
    YALE CHIEF EXECUTIVE LEADERSHIP INSTITUTE
    NEW HAVEN
    NEW HAVEN,CT06520     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 4,500
    HOPE FOR DEPRESSION RESEARCH FOUNDATION
    40 W 5TH ST 1440
    NEW YORK,NY10019     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    WNET
    825 EIGHT AVE
    NEW YORK,NY10019     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    HARVARD MUSEUM OF NATURAL HISTORY
    32 QUINCY STREET
    CAMBRIDGE,MA02138     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    ROLLINS COLLEGE
    1000 HOLT AVE
    WINTER PARK,FL32789     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 50,000
    HALCYON FOUNDATION
    555 5TH AVE
    NEW YORK,NY10017     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    SPROUT CREEK FARM
    34 LAUER ROAD
    POUGHKEEPSIE,NY12603     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 50,000
    NATURAL RESOURCES DEFENSE FUND
    40 W 20TH ST
    NEW YORK,NY10011     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    METROPOLITAN MUSEUM OF ART
    1000 5TH AVE
    NEW YORK,NY10028     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    CHRIST CHURCH GREENWICH
    254 E PUTNAM AVE
    GREENWICH,CT06830     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 25,000
    CENTRAL PARK CONVSERVANCY
    14 E 60TH ST 605
    NEW YORK,NY10022     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 5,000
    CENTRAL PARK CONVSERVANCY
    CENTRAL PARK WEST 79TH ST
    NEW YORK,NY10022     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    LIBRARY OF AMERICAN LANDSCAPE HISTORY
    150 FEARING ST 25
    AMHERST,MA01002     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    FRIENDS OF THE UPPER EAST SIDE HISTORIC
    966 LEXINGTON AVE 35
    NEW YORK,NY10021     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 2,500
    JOHN JAY COLLEGE
    841 10TH AVE
    NEW YORK,NY10019     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    ARCHIVES OF AMERICAN ART
    300 PARK AVE S 300
    NEW YORK,NY10010     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 7,500
    NATURAL RESOURCES DEFENSE FUND
    40 W 20TH ST
    NEW YORK,NY10011     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 23,250
    GLENVILLE VOLUNTEER FIRE CO INC
    266 GLENVILLE RD
    GREENWICH,CT06831     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    HALCYON FOUNDATION
    555 5TH AVE
    NEW YORK,NY10017     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    INTERNATIONAL DEBUTANTE BALL FOUNDATION INC
    336 EAST 69TH STREET
    NEW YORK,NY10021     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    BOYS CLUB OF NY
    287 EAST 10TH STREET
    NEW YORK,NY10009     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 100,000
    HALCYON FOUNDATION
    555 5TH AVE
    NEW YORK,NY10017     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 1,000
    SOCIETY OF ARCHITECTURAL HISTORIANS
    1365 N ASTOR STREET
    CHICAGO,IL60610     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 405
    NEW YORK BOTANICAL GARDEN
    200 BEDFORD PARK BLVD
    BRONX,NY10458     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 10,000
    ROUND HILL ASSOCIATION
    PO BOX 7424
    GREENWICH,CT06831     		NONE 501 ( C ) (3 ) GENERAL PURPOSE 500
    Total .................................bullet 3a 1,923,963
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 178  
    4 Dividends and interest from securities....     14 1,590,912  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 15,575  
    8
    Gain or (loss) from sales of assets other than inventory .............     		        2,910,087
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,606,665 2,910,087
    13Total. Add line 12, columns (b), (d), and (e)..................
    134,516,752
    (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.)
    190 NONE
    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 WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND BOOKKEEPING 160,000 80,000   80,000

    TY 2014 AllOthProgRltdInvestmentsSch
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Category Amount
    NONE 0

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

    TY 2014 DepreciationSchedule
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    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
    COMPUTERS & EQUIPMENT 2013-01-01 17,717 3,543 SL 5.000000000000 3,543 0    
    FURNITURE 2014-12-18 3,785   SL 5.000000000000 0 0    
    COMPUTER 2014-10-19 5,164   SL 5.000000000000 172 0    
    CARPET RESTORATION 2014-04-02 18,631   SL 27.500000000000 508 0    

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WP CAREY & CO-REIT IN FIDELITY AT COST 63,514 105,150
    MORGAN STANLEY #0904 AT COST 3,920,869 5,425,281
    WILLIAM PARTNERS LP AT COST 26,226 134,250
    TARGA RESOURCES PARTNERS LP AT COST 5,934 430,920
    ONEOK PARTNERS LP AT COST 549 158,520
    NUSTAR ENERGY PARTNERS LP AT COST 0 0
    ENTERPRISE PRODUCTS PARTNERS AT COST 73,934 577,920
    FIDELITY #0156 AT COST 934,254 1,213,709
    BNY MELLON #6830 AT COST 21,399,788 26,799,278
    ROYCE DISCOVERY FUND AT COST 2,565,090 2,565,090
    ROYCE INSTITUTIONAL LLC AT COST 9,556,778 9,556,778
    ROYCE 100 FUND AT COST 3,098,731 3,098,731
    KKR & CO AT COST 169,947 162,470
    ICAHN PARTNERS LP AT COST 20,586 20,343
    BLACKSTONE GROUP LP AT COST 131,235 135,320

    TY 2014 LandEtcSchedule2
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTERS & EQUIPMENT 17,717 7,086 10,631  
    FURNITURE 3,785 0 3,785  
    COMPUTER 5,164 172 4,992  
    CARPET RESTORATION 18,631 508 18,123  


    TY 2014 OtherAssetsSchedule
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS AND DEFERRED PAYMENTS 5,125 5,125 5,125


    TY 2014 OtherDecreasesSchedule
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Description Amount
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 258,105 110,442   165,663
    INVESTMENT ADVISORY FEES 84,659 84,659   0
    OFFICE UTILITIES 4,149 2,075   2,074
    TELEPHONE INTERNET & COMPUTER EXPENSE 22,265 11,133   11,132
    OFFICE EXPENSE 46,843 23,422   23,421
    PORTFOLIO DEDUCTIONS-PARTNERSHIPS 289,601 289,601   0
    MEMBERSHIPS AND ORGANIZATIONS 1,225 613   612
    POSTAGE 7,059 3,530   3,529
    DUES & SUBSCRIPTIONS 4,443 2,222   2,221
    FILING FEES 2,149 1,075   1,074
    ADP PAYROLL FEES 2,180 1,090   1,090


    TY 2014 OtherIncomeSchedule2
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME FROM MLPS 11,865 11,865 11,865
    ROYCE TECH VALUE FUND CLASS ACTION SETTLEMENT 3,710 3,710 3,710


    TY 2014 OtherLiabilitiesSchedule
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Description Beginning of Year - Book Value End of Year - Book Value
    AMERICAN EXPRESS 7,646 0
    OVERDRAFT-MSSB #7670 2,910 8,520
    NEGATIVE CAPITAL ON KINDER MORGAN ENERGY PTRS K-1 63,812 0
    DUE TO MORGAN STANLEY #0904 FOR UNSETTLED PURCHASE OF GILEAD SCIENCES 0 48,419


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING-SPECIAL MATTERS 61,772 30,886   30,886


    TY 2014 TaxesSchedule
    Name:
    THE WIDGEON POINT CHARITABLE FOUNDATION
    F/K/A THE BEINECKE FOUNDATION INC
    EIN: 13-6201175
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS UNEMPLOYMENT TAX 1,082 433   649
    PAYROLL TAX 34,766 16,341   18,425
    FOREIGN TAXES PAID 3,452 0   0