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
DIACO FAMILY FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)10-12 NO 7TH STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BELLEVILLE, NJ07109
A Employer identification number

22-3763549
B Telephone number (see instructions)

(973) 484-7300
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$7,395,271J 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).............. 300,000
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 188,793 188,793  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 256,801
b Gross sales price for all assets on line 6a 1,938,492
7 Capital gain net income (from Part IV, line 2)... 256,801
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 33,958 33,958  
12 Total. Add lines 1 through 11........ 779,552 479,552  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 64,000 32,000   32,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 56,714 56,714   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,353 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,244 6,244   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 128,311 94,958   32,000
25 Contributions, gifts, grants paid........ 355,000 355,000
26 Total expenses and disbursements. Add lines 24 and 25 483,311 94,958   387,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 296,241
b Net investment income (if negative, enter -0-) 384,594
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............... 220,591 225,366 225,366
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 1,053,261 Click to see attachment1,042,777 1,049,931
b Investments—corporate stock (attach schedule)........ 3,682,478 Click to see attachment3,859,458 4,262,518
c Investments—corporate bonds (attach schedule)........ 642,627 Click to see attachment842,552 848,356
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............. 739,924 664,969 674,432
13 Investments—other (attach schedule)........... 332,654 Click to see attachment332,654 334,668
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,671,535 6,967,776 7,395,271
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 6,671,535 6,967,776
30 Total net assets or fund balances (see instructions)...... 6,671,535 6,967,776
31 Total liabilities and net assets/fund balances (see instructions).. 6,671,535 6,967,776
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 6,671,535
2 Enter amount from Part I, line 27a..................... 2 296,241
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 6,967,776
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 6,967,776
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 SOUTH32 LTD ADR P 2015-06-01 2015-06-04
b UNION PACIFIC CORP P 2014-01-17 2015-01-16
c AMERICAN TOWER REIT COM P 2013-01-16 2015-03-18
d AMERICAN EXPRESS CO P 2012-03-26 2015-06-11
e BRISTOL MYERS SQUIBB CO P 2012-03-26 2015-09-10
CHUBB CORP P 2012-03-26 2015-06-15
CHEMOURS CO COM P 2012-03-26 2015-06-30
COMCAST CORP CL A SPECIAL NEW P 2012-03-26 2015-06-12
CALIFORNIA RES CORP COM P 2012-03-26 2015-01-07
CHEVRON CORP P 2012-03-26 2015-07-24
DU PONT EI DE NEMOURS & CO P 2012-03-26 2015-05-21
DOMINION RES INC (NEW) P 2012-03-26 2012-03-26
DIAGEO PLC SPON ADR NEW P 2012-03-26 2015-05-26
DUKE ENERGY CORP NEW P 2013-02-13 2015-01-21
ENBRIDGE INC P 2012-03-26 2014-12-31
EVERSOURCE ENERGY COM P 2012-03-26 2015-08-31
FIFTH 3RD BANCORP OHIO P 2012-12-26 2015-06-10
GENERAL MILLS INC P 2012-03-26 2015-01-20
HOME DEPOT INC P 2012-03-26 2015-02-20
INTL BUSINESS MACHINES CORP P 2012-03-26 2015-08-07
JOHNSON CONTROLS INC P 2012-03-26 2015-02-24
MC DONALDS CORP P 2012-03-26 2015-09-02
MONDELEZ INTL INC COM P 2013-04-19 2015-09-02
METLIFE INCORPORATED P 2013-07-08 2015-02-20
3M COMPANY P 2012-03-26 2015-05-26
MICROSOFT CORP P 2012-03-26 2015-05-01
NEXTERA ENERGY INC COM P 2012-03-26 2014-12-31
PRUDENTIAL FINANCIAL INC P 2012-03-26 2015-02-20
PHILLIPS 66 COM P 2012-06-26 2015-05-28
RAYTHEON CO (NEW) P 2012-03-26 2015-08-06
SEMPRA ENERGY P 2012-03-26 2015-08-28
TORONTO DOM BK NEW P 2012-03-26 2015-01-22
TRAVELERS COMPANIES INC COM P 2012-03-26 2015-09-22
UNILEVER NV NY SH NEW P 2012-03-26 2014-12-31
UNITED TECHNOLOGIES CORP P 2012-03-26 2015-08-13
VF CORPORATION P 2012-03-26 2015-06-12
VERIZON COMMUNICATIONS P 2012-03-26 2015-03-18
WAL MART STORES INC P 2012-03-26 2015-04-22
EXXON MOBIL CORP P 2012-03-26 2015-03-04
FHLMC 30G G07925 4.00 2-01-45 P 2015-05-18 2015-09-15
FHLMC 30G G08572 3 1/2 2-01-44 P 2014-03-17 2015-01-15
FNMA POOL AH3431 3 1/2 1-01-26 P 2012-05-01 2015-05-25
FNMA POOL MA1490 3.000 7-01-33 P 2013-06-13 2015-05-25
US TSY NOTE 2 1/8 6-30-22 P 2015-07-23 2015-09-09
ANHEUSER-BUSCH .800 1-15-16 P 2013-01-16 2015-09-09
DIRECTV HLDG/FIN 3 1/2 3-01-16 P 2012-04-19 2015-09-14
ENTERPRISE PRODUC 1 1/4 8-13-15 P 2012-08-08 2015-04-24
FHLMC 30G G08572 3 1/2 2-01-44 P 2014-03-17 2015-09-15
FNMA 5/8 10-30-14 P 2012-05-01 2014-10-30
FNMA POOL AH3431 3 1/2 1-01-26 P 2014-03-17 2015-09-25
FNMA POOL AH6783 4.000 3-01-41 P 2012-04-24 2015-09-25
FNMA POOL AL0160 4 1/2 5-01-41 P 2012-05-03 2015-09-25
FNMA POOL AU3742 3 1/2 8-01-43 P 2013-08-20 2015-02-25
FNMA POOL MA1490 3.000 7-01-33 P 2014-03-17 2015-09-25
FNMA POOL AE0828 3 1/2 2-01-41 P 2012-04-24 2015-09-25
FNMA POOL AE0949 4.000 2-01-41 P 2013-08-20 2015-09-25
GSMS 2007-GG10 A4 5.795 8-10-45 P 2013-05-02 2015-03-12
GECC 1.000 1-08-16 P 2013-01-16 2015-09-09
BAXTER LTE B153E 3.200 6-15-23 P 2014-05-12 2015-07-21
US TSY NOTE 2 3/8 10-31-14 P 2012-06-07 2014-10-31
US TSY NOTE 1 1/4 9-30-15 P 2012-04-24 2015-09-09
US TSY NOTE 1 1/4 9-30-15 P 2013-04-05 2015-09-09
US TSY NOTE 1 3/4 5-15-23 P 2013-06-25 2015-07-15
US TSY NOTE 3/8 8-31-15 P 2014-05-12 2015-08-31
WELLS FARGO & CO 2 5/8 12-15-16 P 2012-04-09 2014-10-24
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,790   1,962 -172
b 11,585   8,845 2,740
c 16,477   13,638 2,839
d 10,673   7,763 2,910
e 70,776   36,680 34,096
60,726   42,612 18,114
8   8 0
45,474   23,337 22,137
1,071   1,990 -919
56,946   60,597 -3,651
10,150   7,577 2,573
11,778   8,437 3,341
10,976   9,717 1,259
33,602   26,256 7,346
29,777   24,491 5,286
9,837   7,773 2,064
45,156   33,339 11,817
21,559   15,757 5,802
45,857   20,128 25,729
30,624   39,042 -8,418
29,509   19,115 10,394
26,255   27,317 -1,062
18,442   13,896 4,546
10,293   9,603 690
24,233   13,511 10,722
20,274   13,556 6,718
11,176   7,221 3,955
9,517   7,538 1,979
20,913   9,425 11,488
12,327   5,970 6,357
10,494   6,362 4,132
33,199   33,793 -594
43,052   26,856 16,196
10,485   9,175 1,310
48,760   40,527 8,233
47,713   25,345 22,368
11,828   9,377 2,451
43,889   34,273 9,616
11,054   11,014 40
1,859   2,011 -152
1,201   1,215 -14
1,363   1,445 -82
945   955 -10
25,353   25,122 231
50,046   50,006 40
30,421   30,421 0
40,071   40,011 60
1,511   1,530 -19
50,000   50,000 0
4,422   4,683 -261
19,143   20,304 -1,161
37,162   39,938 -2,776
8,702   8,642 60
3,865   3,942 -77
6,920   7,192 -272
1,731   1,784 -53
602   694 -92
65,097   64,961 136
35,706   34,376 1,330
35,000   35,000 0
105,053   105,034 19
125,063   125,053 10
132,196   127,878 4,318
135,056   135,036 20
51,749   50,635 1,114
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       -172
b       2,740
c       2,839
d       2,910
e       34,096
      18,114
      0
      22,137
      -919
      -3,651
      2,573
      3,341
      1,259
      7,346
      5,286
      2,064
      11,817
      5,802
      25,729
      -8,418
      10,394
      -1,062
      4,546
      690
      10,722
      6,718
      3,955
      1,979
      11,488
      6,357
      4,132
      -594
      16,196
      1,310
      8,233
      22,368
      2,451
      9,616
      40
      -152
      -14
      -82
      -10
      231
      40
      0
      60
      -19
      0
      -261
      -1,161
      -2,776
      60
      -77
      -272
      -53
      -92
      136
      1,330
      0
      19
      10
      4,318
      20
      1,114
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 2 256,801
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 368,937 7,414,906 0.049756
2012 340,000 6,925,759 0.049092
2011 337,409 6,769,374 0.049843
2010 334,347 6,724,457 0.049721
2009 293,972 5,829,868 0.050425
2 Total of line 1, column (d) ...................... 2 0.248837
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 0.049767
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 7,660,179
5 Multiply line 4 by line 3....................... 5 381,224
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,846
7 Add lines 5 and 6......................... 7 385,070
8 Enter qualifying distributions from Part XII, line 4.............. 8 387,000
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 3,846
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 3,846
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 3,846
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,600
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 1,600
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,246
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNJ
    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. Click to see attachment...............................
    10
    Yes
     
    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 ofbulletFRANK DIACO Telephone no.bullet (973) 484-7300
    Located atbullet10-12 NO 7TH STREETBELLEVILLENJ ZIP+4bullet07109
    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
    THEODORE F DIACO PRESIDENT
    0.00     		0 0 0
    2 VISTA COURT
    KINNELON,NJ07405
    VALERIE SILVESTRI SECRETARY
    10.00     		32,000 0 0
    1 SUNNY KNOLL COURT
    WAYNE,NJ07470
    STEPHANIE EMPERIO VICE PRESIDENT
    10.00     		32,000 0 0
    209 FOREST RIDGE COURT
    FRANKLIN LAKES,NJ07417
    FRANK P DIACO TREASURER
    0.00     		0 0 0
    204 HOLLY LANE
    CEDAR GROVE,NJ07009
    JOSEPH MANASIA VICE PRESIDENT
    0.00     		0 0 0
    1139 MAURICE AVE
    CLARK,NJ07066
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    7,612,861
    b
    Average of monthly cash balances.......................
    1b
    163,970
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,776,831
    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
    7,776,831
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    116,652
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,660,179
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    383,009
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    383,009
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    3,846
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,846
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    379,163
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    379,163
    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
    379,163
    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
    387,000
    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
    387,000
    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
    3,846
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    383,154
    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 7 379,163
    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....... 3,065
    b From 2010.......  
    c From 2011....... 1,622
    d From 2012.......  
    e From 2013....... 1,318
    fTotal of lines 3a through e......... 6,005
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 387,000
    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..... 379,163
    e Remaining amount distributed out of corpus 7,837
    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 13,842
    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) ...     		3,065
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		10,777
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011.... 1,622
    c Excess from 2012....  
    d Excess from 2013.... 1,318
    e Excess from 2014.... 7,837
    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 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
    ALZHEIMER'S ASSOCIATION
    400 MORRIS AVE
    DENVILLE,NJ07834     		N/A PUBLIC CHARITY CHARITABLE 10,000
    AMERICAN RED CROSS
    209 FAIRFIELD RD
    FAIRFIELD,NJ07004     		N/A PUBLIC CHARITY CHARITABLE 10,000
    ARCHDIOCESE OF NEWARK
    171 CLIFTON AVE
    NEWARK,NJ07104     		N/A PUBLIC CHARITY CHARITABLE 20,000
    CENTER FOR FOOD ACTION
    192A WEST DEMAREST AVE
    ENGLEWOOD,NJ07631     		N/A PUBLIC CHARITY CHARITABLE 10,000
    CLARA MASS HOSPITAL FOUNDATION
    1 CLARA MASS DRIVE
    BELLEVILLE,NJ07109     		N/A PUBLIC CHARITY CHARITABLE 5,000
    DIOCESE OF PATERSON ST JOSEPH FUND
    777 VALLEY ROAD
    CLIFTON,NJ07013     		N/A PUBLIC CHARITY CHARITABLE 50,000
    DOCTORS WITHOUT BORDERS
    PO BOX 5023
    HAGERSTOWN,MD21741     		N/A PUBLIC CHARITY CHARITABLE 5,000
    EL SALVADOR EDUCATION FUND co MOST BLESSED SACRAMENT CHURCH
    787 FRANKLIN LAKES RD
    FRANKLIN LAKES,NJ07417     		N/A PUBLIC CHARITY CHARITABLE 5,000
    EVA'S KITCHEN
    393 MAIN ST
    PATERSON,NJ07501     		N/A PUBLIC CHARITY CHARITABLE 10,000
    FILLIPINI SISTERS RETIREMENT FUND
    455 WESTERN AVENUE
    MORRISTOWN,NJ07960     		N/A PUBLIC CHARITY CHARITABLE 10,000
    FREEDOM ALLIANCE
    22570 MARKEY CT
    DULLES,VA20166     		N/A PUBLIC CHARITY CHARITABLE 10,000
    HACKENSACK UNIVERSITY MEDICAL FOUNDATION
    360 ESSEX ST
    HACKENSACK,NJ07601     		N/A PUBLIC CHARITY CHARITABLE 5,000
    LITTLE SISTERS OF THE POOR
    140 SHEPHERD LANE
    TOTOWA,NJ07512     		N/A PUBLIC CHARITY CHARITABLE 10,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVE
    NEW YORK,NY10065     		N/A PUBLIC CHARITY CHARITABLE 60,000
    MT SAINT DOMINICK
    3 RYERSON AVE
    CALDWELL,NJ07006     		N/A PUBLIC CHARITY CHARITABLE 7,500
    NATIONAL MULTIPLE SCLEROSIS NATIONAL SOCIETY
    1 KALISA WAY
    PARAMUS,NJ07652     		N/A PUBLIC CHARITY CHARITABLE 7,500
    OASIS
    59 MILL STREET
    PATERSON,NJ07501     		N/A PUBLIC CHARITY CHARITABLE 5,000
    SALESIAN SISTERS OF ST JOHN BOSCO
    659 BELMONT AVE
    NORTH HALEDON,NJ07508     		N/A PUBLIC CHARITY CHARITABLE 5,000
    SALVATION ARMY
    4 GARY ROAD
    UNION,NJ07083     		N/A PUBLIC CHARITY CHARITABLE 10,000
    SETON HALL SEMINARY
    400 SOUTH AVENUE
    SOUTH ORANGE,NJ07079     		N/A PUBLIC CHARITY CHARITABLE 10,000
    SEVERAL SOURCES SHELTERS
    PO BOX 157
    RAMSEY,NJ07446     		N/A PUBLIC CHARITY CHARITABLE 10,000
    SISTERS OF SAINT JOSEPH
    9701 GERMANTOWN AVE
    PHILADELPHIA,PA19118     		N/A PUBLIC CHARITY CHARITABLE 10,000
    ST BARNABAS BURN FOUNDATION
    94 OLD SHORT HILLS RD
    LIVINGSTON,NJ07039     		N/A PUBLIC CHARITY CHARITABLE 5,000
    ST BENEDICTS PREP SCHOOL
    520 DR MARTIN LUTHER KING JR BLVD
    NEWARK,NJ07102     		N/A PUBLIC CHARITY CHARITABLE 5,000
    ST JOSEPH REGIONAL HS SCHOLARSHIP FUND
    40 CHESTNUT RIDGE RD
    MONTVILLE,NJ07645     		N/A PUBLIC CHARITY CHARITABLE 10,000
    ST JUDES CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		N/A PUBLIC CHARITY CHARITABLE 5,000
    ST MICHAEL'S FOUNDATION
    1160 RAYMOND BLVD
    NEWARK,NJ07102     		N/A PUBLIC CHARITY CHARITABLE 5,000
    ST PETERS SCHOOL
    152 WILLIAM ST
    BELLEVILLE,NJ07109     		N/A PUBLIC CHARITY CHARITABLE 5,000
    ST VINCENT ACADEMY
    228 WEST MARKET ST
    NEWARK,NJ07103     		N/A PUBLIC CHARITY CHARITABLE 5,000
    SUSAN G KOMEN FOR THE CURE
    5005 LBJ FREEWAY SUITE 250
    DALLAS,TX75244     		N/A PUBLIC CHARITY CHARITABLE 5,000
    SUSAN SATRIANO MEMORIAL SCHOLARSHIP FUND
    3012 WAVERLY AVE
    OCEANSIDE,NY11572     		N/A PUBLIC CHARITY CHARITABLE 5,000
    VALLEY HOSPITAL FOUNDATION
    223 NORTH VAN DIEN AVE
    RIDGEWOOD,NJ07450     		N/A PUBLIC CHARITY CHARITABLE 5,000
    WOUNDED WARRIORS PROJECT
    4899 BELFORT ROAD
    JACKSONVILLE,FL32256     		N/A PUBLIC CHARITY CHARITABLE 10,000
    CHILDRENS HOSPITAL OF PHILADELPHIA
    PO BOX 781352
    PHILADELPHIA,PA19178     		N/A PUBLIC CHARITY CHARITABLE 5,000
    Total .................................bullet 3a 355,000
    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    
    4 Dividends and interest from securities....     14 188,793  
    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 33,958  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    14 256,801  
    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).. 0 479,552 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13479,552
    (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
    DIACO FAMILY FOUNDATION INC
     
    Employer identification number

    22-3763549
    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
    DIACO FAMILY FOUNDATION INC
          		Employer identification number

    22-3763549
    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
     
     

    POWER ELECTRIC CO  
    10-22 NORTH 7TH STREET
     
    BELLEVILLE, NJ07109

    		$300,000


    (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.)
    (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
    DIACO FAMILY FOUNDATION INC
          		Employer identification number

    22-3763549
    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
    DIACO FAMILY FOUNDATION INC
          		Employer identification number

    22-3763549
    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 InvestmentsCorpBondsSchedule
    Name:
    DIACO FAMILY FOUNDATION INC
    EIN: 22-3763549
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BRISTOL-MYERS SQUIBB CO 0.88% 08/01/2017 34,747 34,853
    DIRECTV HLDG FIN IN 3.50% 03/01/2016 (AT60Y) 0 0
    ENTERPRISE PRODUCTS OPER 1.25% 08/13/2015(A5GM4) 0 0
    GOLDMAN SACHS GROUP INC 5.25% 07/27/2021(AF16W) 43,972 50,186
    KINDER MORGAN ENER PART 3.95% 09/01/2022(A1V6M) 30,182 28,172
    VERIZON COMMUNICATIONS 4.60% 04/01/2021(CD99Y) 64,823 64,720
    WELLS FARGO & COMPANY 2.63% 12/15/2016(AV7E3) 50,145 49,620
    BANK OF AMERICA CORPCoupon 4.00% Mature 04/01/2024(EBA95) 45,664 46,319
    BAXTER INTL INC SR NTCoupon 3.20% Mature 06/15/2023(B153E) 0 0
    CITIGROUP INCCoupon 3.95% Mature 06/15/2016(B7H04) 56,115 56,195
    COMCAST CORPCoupon 3.60% Mature 03/01/2024(CZU98) 40,140 41,360
    JP MORGAN CHASE & COCoupon 4.25% Mature 10/15/2020(A2L4R) 42,736 42,876
    METLIFE INCCoupon 3.60% Mature 04/10/2024(BR2L2) 35,230 35,650
    ORACLE CORPCoupon 2.80% Mature 07/08/2021(A3Q9C) 50,053 50,697
    TOTAL CAPITAL SACoupon 2.13% Mature 01/10/2019(DK40B) 40,170 40,715
    BP CAPITAL MARKETS PLCCoupon 4.00% Mature 01/15/2020 (C461H) 50,138 50,679
    CVS HEALTH CORPCoupon 3.50% Mature 7/20/2022(A30TY) 35,206 36,149
    ENTERPRISE PRODUCTS OPERCoupon 3.75% Mature 2/15/2025(DTV31) 36,455 33,357
    MEDTRONIC INC Coupon 1.50% Mature 3/15/2018 (BF7B4) 36,014 35,856
    REYNOLDS AMERICAN INC Coupon 2.3% Mature 6/12/2018(C47W9) 36,306 36,387
    TORONTO DOMINION BANK Coupon 1.75% Mature 7/23/2018(ES0M8) 35,985 36,064
    UNITED HEALTH GROUP INC Coupon 3.35% Mature 7/15/2022(E496E) 35,585 36,123
    UNITED MEXICAN STATES Coupon 3.62% Mature 3/15/2022(A5F2B) 42,886 42,378

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    DIACO FAMILY FOUNDATION INC
    EIN: 22-3763549
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 14,499 19,989
    AMERICAN EXPRESS CO 19,379 24,611
    BHP BILLITON LTD 39,343 17,296
    BRISTOL MYERS SQUIBB CO 23,641 41,855
    CHEVRON CORP 44,481 38,099
    CHUBB CORP 0 0
    COCA COLA CO 41,066 42,768
    COMCAST CORP CL A SPECIAL NEW 41,081 59,930
    CONOCOPHILLIPS 31,774 25,659
    DIAGEO PLC SPON ADR NEW 25,814 28,349
    DOLLAR GEN CORP NEW COM 66,183 63,240
    DOMINION RES INC (NEW) 44,456 61,934
    DOW CHEMICAL CO 21,727 25,949
    DU PONT EI DE NEMOURS & CO 59,240 56,780
    ENBRIDGE INC 18,396 25,158
    EXXON MOBIL CORP 105,326 92,789
    GENERAL ELECTRIC CO 103,719 120,578
    GENERAL MILLS INC 0 0
    HOME DEPOT INC 56,492 98,976
    HONEYWELL INTERNATIONAL INC 42,533 57,287
    INTEL CORP 80,292 85,266
    INTL BUSINESS MACHINES CORP 27,474 19,281
    JPMORGAN CHASE & CO 128,142 161,875
    JOHNSON & JOHNSON 40,339 57,410
    JOHNSON CONTROLS INCORPORATED 0 0
    MARATHON OIL CO 27,275 12,951
    MARATHON PETROLEUM CORP 41,493 59,767
    MC DONALDS CORP 44,499 45,422
    MERCK & CO INC NEW COM 68,212 79,715
    MICROSOFT CORP 74,369 86,396
    NEXTERA ENERGY INC COM 36,834 59,213
    NORTHROP GRUMMAN CP(HLDG CO) 26,698 72,022
    OCCIDENTAL PETROLEUM CORP DE 70,088 50,869
    PFIZER INC 90,321 106,795
    PHILIP MORRIS INTL INC 30,975 28,003
    PHILLIPS 66 COM 0 0
    PRAXAIR INC 42,606 38,299
    PROCTER & GAMBLE 73,559 73,810
    PRUDENTIAL FINANCIAL INC 48,257 54,947
    RAYTHEON CO (NEW) 43,692 90,358
    SCHLUMBERGER LTD 30,737 29,381
    SEMPRA ENERGY 15,175 25,147
    3M COMPANY 20,089 32,040
    TORONTO DOM BK NEW 0 0
    TOTAL S A SPON ADR 62,019 51,416
    TRAVELERS COMPANIES INC COM 35,767 60,017
    U S BANCORP COM NEW 44,723 57,168
    UNILEVER NV NY SH NEW 10,194 12,060
    UNITED TECHNOLOGIES CORP 26,548 28,388
    V F CORPORATION 0 0
    VERIZON COMMUNICATIONS 68,546 76,012
    WAL MART STORES INC 0 0
    WELLS FARGO & CO NEW 92,734 132,586
    WEYERHAEUSER CO 20,838 26,164
    ACE LTD 23,403 32,778
    ABBVIE INC COM 15,723 27,042
    AMERICAN INTL GROUP INC NEW 56,831 56,422
    AMERICAN TOWER REIT COM 0 0
    ANTHEM INC COM 53,409 54,460
    CHEMOURS CO COM 3,166 1,520
    CITIGROUP INC NEW 127,668 123,082
    CMS ENERGY CP 32,072 32,812
    DUKE ENERGY CORP NEW 0 0
    FIFTH 3RD BANCORP OHIO 0 0
    GAP INC 41,657 33,829
    GOLDMAN SACHS GRP INC 41,495 39,270
    INTERNATIONAL PAPER CO 42,802 34,011
    KROGER CO 43,676 54,105
    METLIFE INCORPORATED 52,664 46,348
    MONDELEZ INTL INC COM 22,095 29,225
    ORACLE CORP 41,938 37,962
    PUBLIC SERVICE ENTERPRISE GP 29,846 30,945
    QUEST DIAGNOSTICS INC 32,314 26,063
    REYNOLDS AMERICAN INC 29,283 31,520
    SUNTRUST BKS 73,198 86,002
    TYCO INTL PLC SHS 30,792 23,890
    UNITEDHEALTH GP INC 90,499 91,996
    UNITED PARCEL SERVICE INC CL-B 36,253 41,845
    AMERICAN EXPRESS CREDIT 2.80% 09/19/2016(CF03F) 30,475 30,521
    AMERICAN INTL GROUP 3.38% 08/15/2020(A58FL) 40,171 41,743
    ANHEUSER-BUSCH INBEV FIN 0.80% 01/15/2016(A0M2V) 0 0
    APPLE INC 1.00% 05/03/2018(BB2R5) 35,023 34,836
    BANK OF AMERICA CORP 2.00% 01/11/2018(B7LU4) 40,119 40,148
    COSTCO WHOLESALE CORP 1.70% 12/15/2019(AZ12D) 35,076 35,004
    GSMS 2007-GG10 A4 5.99% 08/10/2045(D4178) 62,054 56,757
    GENERAL ELECTRIC CAPITAL CORP 1.00% 01/08/2016(C1UR9) 0 0
    GOLDMAN SACHS GROUP INC 6.15% 04/01/2018(TBR36) 32,711 33,040
    HCP INC Coupon 2.63% Mature 02/01/2020(A51SY) 59,343 59,793
    TOYOTA MOTOR CREDIT CORP 1.38% 01/10/2018(B1V9V) 50,111 49,963
    CME GROUP INC 28,785 36,447
    LOCKHEED MARTIN CORP 57,410 70,278
    MORGAN STANLEY 71,555 66,402
    MOTOROLA SOLUTIONS INC 28,093 31,318
    QUALCOMM INC 73,647 54,643
    UNION PACIFIC CORP 31,757 33,331
    CAPITAL ONE FINANCIAL CO 40,699 39,142

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    DIACO FAMILY FOUNDATION INC
    EIN: 22-3763549
    US Government Securities - End of Year Book Value:

    1,042,777
    US Government Securities - End of Year Fair Market Value:

    1,049,931
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2014 InvestmentsOtherSchedule2
    Name:
    DIACO FAMILY FOUNDATION INC
    EIN: 22-3763549
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKROCK BATS: SERIES M PTF AT COST 332,654 334,668

    TY 2014 OtherExpensesSchedule
    Name:
    DIACO FAMILY FOUNDATION INC
    EIN: 22-3763549
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Amortization 6,244 6,244   0


    TY 2014 OtherIncomeSchedule2
    Name:
    DIACO FAMILY FOUNDATION INC
    EIN: 22-3763549
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLASS ACTION SETTLEMENT FUNDS 4,786 4,786 4,786
    CLASS ACTION SETTLEMENT FUNDS 29,172 29,172 29,172


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    DIACO FAMILY FOUNDATION INC
    EIN: 22-3763549
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ASSET MANAGEMENT FEES 56,714 56,714   0


    TY 2014 SubstantialContributorsSch
    Name:
    DIACO FAMILY FOUNDATION INC
    EIN: 22-3763549
    Name Address
    POWER ELECTRIC CO 10-12 NORTH 7TH STREET
    BELLEVILLE,NJ07109


    TY 2014 TaxesSchedule
    Name:
    DIACO FAMILY FOUNDATION INC
    EIN: 22-3763549
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX ON INVESTMENT INCOME 1,323 0   0
    STATE FILING FEE 30 0   0