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
J E LIPSCOMB JR TRUST
 

Number and street (or P.O. box number if mail is not delivered to street address)PNC BANK NA 620 LIBERTY AVENUE 10   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA152222705
A Employer identification number

61-6020214
B Telephone number (see instructions)

(412) 762-9161
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$4,190,633J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 90,328 90,328  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 437,873
b Gross sales price for all assets on line 6a 1,226,206
7 Capital gain net income (from Part IV, line 2)... 437,873
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 528,201 528,201  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 22,119 17,695   4,424
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,284 7   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 1,634 1,609   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 30,037 19,311 0 4,449
25 Contributions, gifts, grants paid........ 163,641 163,641
26 Total expenses and disbursements. Add lines 24 and 25 193,678 19,311 0 168,090
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 334,523
b Net investment income (if negative, enter -0-) 508,890
c Adjusted net income (if negative, enter -0-)... 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.......... 19,261 60,851 60,851
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 144,416 134,905 182,920
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)........... 3,342,712 Click to see attachment3,700,184 3,946,862
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) 3,506,389 3,895,940 4,190,633
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 3,490,208 3,868,952
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 16,181 26,988
30 Total net assets or fund balances (see instructions)...... 3,506,389 3,895,940
31 Total liabilities and net assets/fund balances (see instructions).. 3,506,389 3,895,940
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 3,506,389
2 Enter amount from Part I, line 27a..................... 2 334,523
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 55,028
4 Add lines 1, 2, and 3.......................... 4 3,895,940
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 3,895,940
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 902.045 DODGE & COX INTERNATIONAL STOCK FUND   2014-03-13 2014-09-17
b 500.948 OPPENHEIMER INTERNATIONAL GROWTH FUND CLASS-Y   2014-03-13 2014-09-17
c 10609.89 T ROWE PRICE GROWTH STOCK FUND     2014-09-17
d 11. HEARTWARE INTERNATIONAL INC     2014-09-19
e 146. ISHARES TR RUSSELL1000VAL   2004-11-18 2014-09-22
272.926 T ROWE PRICE GROWTH STOCK FUND   2011-10-25 2014-09-22
1. CIT GROUP INC NEW   2001-01-01 2014-09-23
29. TRIMAS CORP   2013-09-11 2014-09-24
24. ANGIES LIST INC   2013-10-01 2014-09-25
2. CAI INTERNATIONAL INC   2013-10-30 2014-10-06
2. COHERENT INC   2013-03-26 2014-10-06
2. FIRST POTOMAC RLTY TR   2009-10-05 2014-10-06
2. MERITAGE HOMES CORPORATION   2012-06-20 2014-10-06
4. MOLINA HEALTHCARE INC   2014-07-31 2014-10-06
2. NEWPARK RESOURCES INC NEW   2012-08-01 2014-10-06
2. RAYMOND JAMES FINANCIAL INC   2004-06-18 2014-10-06
2. SAPIENT CORP   2014-08-15 2014-10-06
75. SUNESIS PHARMACEUTICALS INC     2014-10-06
2. UNITED BANKSHARES INC W VIRGINIA   2009-01-02 2014-10-06
2. VALSPAR CORP   2007-10-17 2014-10-06
10. INTERMUNE INC   2014-08-20 2014-10-09
1. SUNPOWER CORP-CLASS A   2001-01-01 2014-10-15
1. DELL COMPUTER CORP NAME CHG 7/22/03 SEE 24702R101   2001-01-01 2014-10-24
10. TENNECO INC   2013-10-31 2014-10-27
24. URS CORP NEW     2014-10-27
8. PAREXEL INTERNATIONAL CORP   2011-07-19 2014-10-30
39. PACIFIC DRILLING SA SEDOL B523P28   2012-02-17 2014-11-03
19. DIGITAL RIV INC     2014-11-05
8. DIGITAL RIV INC   2008-08-19 2014-11-06
24. DIGITAL RIV INC   2008-08-19 2014-11-07
5. MWI VETERINARU SUPPLY INC   2011-11-03 2014-11-07
11. CYBERONICS INC     2014-11-10
23. MEDASSETS INC   2010-12-10 2014-11-14
28. ATHLON ENERGY INC MERGED 11/13/2014 @ $58.50 P/S     2014-11-18
.11 ENOVA INTERNATIONAL INC-W/I   2007-01-26 2014-11-19
8. BALLY TECHNOLOGIES INC MERGED 11/21/14 @ $83.30 P/S   2008-06-26 2014-11-21
9. BALLY TECHNOLOGIES INC MERGED 11/21/14 @ $83.30 P/S   2014-05-21 2014-11-21
19. CONSTELLIUM NV CLASS A SEDOL B9B3DX4   2014-04-16 2014-11-25
20. INTERNATIONAL SPEEDWAY CORP CL A   2013-01-29 2014-12-03
26. SAPIENT CORP     2014-12-03
25. SAPIENT CORP   2014-08-15 2014-12-03
24. INTERNATIONAL SPEEDWAY CORP CL A   2013-01-29 2014-12-04
10. CONCUR TECHNOLOGIES INC MERGED 12/04/14 @ $129.00 P/S   2011-12-28 2014-12-11
2269.71 ARTISAN MID CAP VALUE FUND FD 1464   2012-02-24 2014-12-17
651.82 ROWE T PRICE MID-CAP GROWTH FD INC     2014-12-17
20. MULTIMEDIA GAMES HOLDING CO MERGED 12/19/14 @ $36.50 P/S   2013-11-14 2014-12-23
64.528 ARTISAN MID CAP VALUE FUND FD 1464     2014-12-29
54.825 ARTISAN MID CAP VALUE FUND FD 1464   2014-11-19 2014-12-29
558.998 ARTISAN MID CAP VALUE FUND FD 1464   2014-11-19 2014-12-29
3497.114 ARTISAN MID CAP VALUE FUND FD 1464     2014-12-29
937.866 DODGE & COX INTERNATIONAL STOCK FUND   2014-03-13 2014-12-29
3142.536 EATON VANCE FLOATING RATE FUND CLASS I   2014-03-13 2014-12-29
1127.078 OPPENHEIMER INTERNATIONAL GROWTH FUND CLASS-Y   2014-03-13 2014-12-29
8. CUBIST PHARMACEUTICALS INC   2013-07-22 2015-01-02
1. FANNIE MAE   2001-01-01 2015-01-06
17. PROTECTIVE LIFE CORP MERGED 2/2/2015 @ $70.00 P/S     2015-01-07
32. INVENSENSE INC   2013-11-11 2015-01-08
.75 QORVO INC   2014-07-21 2015-01-08
10. ALIGN TECHNOLOGY INC     2015-01-16
10. COMMVAULT SYSTEMS INC   2014-08-15 2015-01-23
11. DECKERS OUTDOOR CORP     2015-01-28
20. MEDIDATA SOLUTIONS INC     2015-01-29
34. PROTECTIVE LIFE CORP MERGED 2/2/2015 @ $70.00 P/S     2015-02-03
25. FRESH MARKET INC/THE     2015-02-05
79. SWIFT ENERGY CO     2015-02-06
72. SAPIENT CORP   2013-09-24 2015-02-09
1. VERIFONE SYSTEMS INC   2001-01-01 2015-02-18
22. COVANCE INC     2015-02-20
22. EVERTEC INC SEDOL B7KY3Z6   2013-04-15 2015-02-23
7. RECEPTOS INC MERGED 08/27/15 @ $232.00 P/S   2014-02-05 2015-02-24
19. NPS PHARMACEUTICALS INC   2014-08-27 2015-02-25
.909 LABORATORY CORP OF AMERICA HLDG   2015-02-20 2015-02-26
5. LABORATORY CORP OF AMERICA HLDG   2015-02-20 2015-03-06
1. AMERICAN INTERNATIONAL GROUP INC   2001-01-01 2015-03-12
68. HEALTHWAYS INC     2015-03-13
34. PANTRY INC MERGED 03/17/2015 @ $36.75 P/S   2012-02-28 2015-03-17
9. ALIGN TECHNOLOGY INC   2013-02-12 2015-03-20
3. CYBERONICS INC   2014-08-26 2015-04-01
5. CYBERONICS INC   2013-06-03 2015-04-01
2. DECKERS OUTDOOR CORP   2013-12-02 2015-04-15
4. DECKERS OUTDOOR CORP   2014-11-17 2015-04-15
55. CELLADON CORP   2014-08-13 2015-04-27
9. ANACOR PHARMACEUTICALS INC   2014-02-07 2015-04-28
8. ISIS PHARMACEUTICALS   2014-07-28 2015-04-28
12. ARTISAN PARTNERS ASSET MANAG   2013-03-08 2015-04-29
31. ARUBA NETWORKS INC MERGED 05/18/15 @ $24.67 P/S   2014-01-02 2015-05-19
4. PUMA BIOTECHNOLOGY INC   2014-02-12 2015-06-01
4. BUFFALO WILD WINGS INC   2012-08-28 2015-06-03
6. SYNAGEVA BIOPHARM CORP   2015-03-05 2015-06-05
43. LIFE TIME FITNESS INC MERGED 06/10/2015 @ $72.10 P/S   2008-04-18 2015-06-11
9. UNITED NAT FOODS INC     2015-06-16
2. UNITED NAT FOODS INC   2014-06-16 2015-06-16
2. ACADIA HEALTH CARE CO INC   2014-07-17 2015-06-25
6. ACORDA THERAPEUTICS INC     2015-06-25
1. ACUITY BRANDS INC   2013-07-09 2015-06-25
3. ADVISORY BOARD CO.   2014-04-14 2015-06-25
4. ALBANY INTERNATIONAL CORP CL A   2014-05-07 2015-06-25
3. ALDER BIOPHARMACEUTICALS INC   2015-01-14 2015-06-25
10. ALTRA INDUSTRIAL MOTION CORP   2015-02-04 2015-06-25
14. AMERICAN EQUITY INVT LIFE HLDG   2012-09-19 2015-06-25
3. ANACOR PHARMACEUTICALS INC   2014-02-07 2015-06-25
1. ANSYS INC   2006-08-04 2015-06-25
2. ARTISAN PARTNERS ASSET MANAG   2013-03-08 2015-06-25
4. ASPEN TECHNOLOGY INC   2013-12-18 2015-06-25
14. ASTORIA FINL CORP   2004-06-18 2015-06-25
1. BELDEN INC   2014-12-29 2015-06-25
2. BRIGHT HORIZONS FAMILY SOLUT   2015-06-16 2015-06-25
8. BRISTOW GROUP INC   2010-08-12 2015-06-25
4. BRUNSWICK CORP   2015-01-02 2015-06-25
8. CAI INTERNATIONAL INC   2013-10-30 2015-06-25
4. CABOT CORP   2014-11-10 2015-06-25
8. CABOT MICROELECTRONICS CORP     2015-06-25
10. CANTEL MEDICAL CORP   2010-06-11 2015-06-25
8. CASH AMERICA INTERNATIONAL INC   2007-01-26 2015-06-25
6. CAVIUM INC     2015-06-25
5. CENTENE CORP   2013-10-23 2015-06-25
8. CENTENE CORP   2013-01-11 2015-06-25
3. CHART INDUSTRIES INC   2012-11-02 2015-06-25
10. CHECKPOINT SYSTEMS INC   2013-11-20 2015-06-25
4. CHEMTURA CORP   2012-04-10 2015-06-25
3. CHIMERIX INC   2014-10-08 2015-06-25
4. CHUY'S HOLDINGS INC   2014-11-06 2015-06-25
7. COGNEX CORP   2011-08-23 2015-06-25
4. COHERENT INC     2015-06-25
6. COHERENT INC   2013-03-26 2015-06-25
6. COLFAX CORP   2012-02-22 2015-06-25
3. CORNERSTONE ONDEMAND INC     2015-06-25
1. CRACKER BARREL OLD COUNTRY   2015-06-02 2015-06-25
2. DEMANDWARE   2015-05-07 2015-06-25
4. DEXCOM INC   2014-11-25 2015-06-25
2. DIAMOND BACK ENERGY INC   2013-11-07 2015-06-25
2. DOMINO'S PIZZA, INC.   2012-08-15 2015-06-25
8. EPIQ SYSTEMS INC   2013-10-30 2015-06-25
6. EATON VANCE CORP COM NON VTG   2004-06-18 2015-06-25
2. ELECTRONICS FOR IMAGING INC   2014-10-02 2015-06-25
3. EMCOR GROUP INC   2014-01-28 2015-06-25
2. ENANTA PHARMACEUTICALS INC   2014-02-26 2015-06-25
8. ENERSYS   2011-08-11 2015-06-25
4. ENOVA INTERNATIONAL INC-W/I   2007-01-26 2015-06-25
3. EXAMWORKS GROUP INC   2015-02-19 2015-06-25
12. FLIR SYSTEM INC   2005-08-17 2015-06-25
20. FAIRCHILD SEMICON INTL   2014-11-07 2015-06-25
7. FINISAR CORPORATION   2013-06-21 2015-06-25
20. FIRST POTOMAC RLTY TR     2015-06-25
9. FORTINET INC   2012-11-01 2015-06-25
14. FRANKLIN ELECTRIC INC     2015-06-25
8. GATX CORP   2013-04-10 2015-06-25
7. GEO GROUP INC/THE     2015-06-25
6. GENESCO INC   2008-05-15 2015-06-25
3. GEOSPACE TECHNOLOGIES CORP   2007-08-03 2015-06-25
6. GLOBAL PAYMENTS INC-W/I   2004-06-18 2015-06-25
2. GUIDEWIRE SOFTWARE INC   2014-07-16 2015-06-25
5. GULFPORT ENERGY CORP NEW   2012-08-10 2015-06-25
6. HMS HLDGS CORP   2013-06-25 2015-06-25
4. HAIN CELESTIAL GROUP INC COM   2013-07-08 2015-06-25
3. HEALTHSOUTH CORP   2015-04-29 2015-06-25
5. HEXCEL CORP   2011-10-06 2015-06-25
16. HEXCEL CORP   2006-05-16 2015-06-25
5. HOMEAWAY INC   2014-05-30 2015-06-25
6. HORACE MANN EDUCATORS CORP NEW   2013-08-19 2015-06-25
5. HOUGHTON MIFFLIN HARCOURT CO   2013-11-15 2015-06-25
13. HUNTSMAN CORP   2008-11-24 2015-06-25
2. IPG PHOTONICS CORP   2011-11-01 2015-06-25
7. INTRAWEST RESORTS HOLDINGS I   2014-02-03 2015-06-25
2. ISIS PHARMACEUTICALS   2014-07-28 2015-06-25
6. ITRON, INC.     2015-06-25
15. JETBLUE AIRWAYS   2010-10-20 2015-06-25
7. KB HOME   2015-02-04 2015-06-25
6. KERYX BIOPHARMACEUTICALS   2014-02-03 2015-06-25
3. LANDSTAR SYS INC   2005-03-30 2015-06-25
8. LIFELOCK INC     2015-06-25
4. LITTELFUSE INC   2012-07-31 2015-06-25
9. MGIC INVT CORP WIS   2014-12-08 2015-06-25
6. MADDEN STEVEN LTD   2010-03-26 2015-06-25
3. MANHATTAN ASSOCS INC   2014-10-02 2015-06-25
1. MARTIN MARIETTA MATLS INC     2015-06-25
7. MEDASSETS INC   2013-01-15 2015-06-25
22. MEDICAL PROPERTIES TRUST INC   2009-09-03 2015-06-25
4. MEDIDATA SOLUTIONS INC   2010-12-28 2015-06-25
8. MEDNAX INC   2008-09-03 2015-06-25
6. MERITAGE HOMES CORPORATION   2012-06-20 2015-06-25
8. MOLINA HEALTHCARE INC   2014-07-31 2015-06-25
8. MONOLITHIC POWER SYSTEMS INC   2013-10-08 2015-06-25
6. MOOG INC CLASS A   2005-01-03 2015-06-25
36. MUELLER WATER PRODUCTS INC SER A   2015-03-24 2015-06-25
5. NATUS MEDICAL INC   2014-09-24 2015-06-25
3. NEUROCRINE BIOSCIENCES INC   2015-02-19 2015-06-25
22. NEWPARK RESOURCES INC NEW   2012-08-01 2015-06-25
3. NORTHWEST PIPE CO   2009-02-13 2015-06-25
5. NUTRI/SYSTEM INC   2014-11-04 2015-06-25
6. OSI SYS INC   2015-05-06 2015-06-25
4. ONEOK INC NEW   2004-06-18 2015-06-25
3. OPHTHOTECH CORP   2014-02-14 2015-06-25
6. PTC INC   2012-12-28 2015-06-25
1. PAREXEL INTERNATIONAL CORP   2011-07-19 2015-06-25
5. PINNACLE FOODS INC   2013-04-02 2015-06-25
3. PORTOLA PHARMACEUTICALS INC   2014-01-21 2015-06-25
3. PRESTIGE BRANDS HOLDINGS INC   2015-04-01 2015-06-25
2. PROASSURANCE CORPORATION   2012-06-08 2015-06-25
4. PROOFPOINT INC   2013-12-09 2015-06-25
1. PROTO LABS INC   2014-07-24 2015-06-25
2. QUAKER CHEMICAL CORPORATION   2011-05-05 2015-06-25
2. QORVO INC   2014-07-21 2015-06-25
3. QUALYS INC   2014-02-11 2015-06-25
5. RTI INTERNATIONAL METALS MERGED 07/23/2015   2013-03-07 2015-06-25
7. RSP PERMIAN INC   2014-11-10 2015-06-25
6. RAYMOND JAMES FINANCIAL INC   2004-06-18 2015-06-25
4. REALPAGE, INC.   2013-09-30 2015-06-25
1. RECEPTOS INC MERGED 08/27/15 @ $232.00 P/S   2014-02-05 2015-06-25
4. REINSURANCE GROUP OF AMERICA   2009-02-23 2015-06-25
4. SBA COMMUNICATIONS CORP (IPO)   2009-03-05 2015-06-25
1. SAGE THERAPEUTICS INC   2015-06-11 2015-06-25
20. SANMINA CORP   2013-10-08 2015-06-25
3. SEATTLE GENETICS INC / WA   2010-10-11 2015-06-25
2. SIRONA DENTAL SYSTEMS INC   2010-09-20 2015-06-25
6. SNAP-ON INC COM   2004-06-18 2015-06-25
3. SOTHEBYS HLDG INC CL A   2009-06-23 2015-06-25
12. SOUTH JERSEY INDUSTRIES INC   2010-02-05 2015-06-25
6. SPECTRANETICS CORP   2015-06-09 2015-06-25
6. STATE AUTO FINANCIAL CORP   2006-11-16 2015-06-25
6. STIFEL FINL CORP   2011-08-26 2015-06-25
4. STIFEL FINL CORP   2013-09-27 2015-06-25
7. SUNEDISON INC   2013-12-12 2015-06-25
5. SYNOVUS FINANCIAL CORP   2014-12-08 2015-06-25
6. TAL INTERNATIONAL GROUP INC   2014-05-05 2015-06-25
4. TEAM HEALTH HOLDINGS INC     2015-06-25
4. TELEDYNE TECHNOLOGIES INC   2007-04-26 2015-06-25
3. TERADYNE INCORPORATED   2009-07-14 2015-06-25
6. THERMON GROUP HOLDINGS INC   2013-03-07 2015-06-25
5. THORATEC CORP MERGED 10/8/15 @ $63.50 P/S     2015-06-25
10. TIMKEN CO   2005-10-10 2015-06-25
4. TIMKENSTEEL CORP   2005-10-10 2015-06-25
3. TREX COMPANY INC   2014-05-07 2015-06-25
10. TRUSTMARK CORP   2008-11-21 2015-06-25
8. TUMI HOLDINGS INC   2014-11-12 2015-06-25
13. TWO HARBORS INVESTMENT CORP   2011-07-26 2015-06-25
1. UMB FINL CORP   2009-05-12 2015-06-25
2. ULTIMATE SOFTWARE GROUP INC   2013-01-18 2015-06-25
6. UNITED BANKSHARES INC W VIRGINIA   2009-01-02 2015-06-25
8. UNITED FIRE GROUP INC   2013-04-18 2015-06-25
1. UNITED NAT FOODS INC   2014-06-16 2015-06-25
5. UNIVERSAL ELECTRONICS   2007-08-03 2015-06-25
6. VALSPAR CORP   2007-10-17 2015-06-25
7. VEECO INSTRUMENTS INC DEL   2014-05-20 2015-06-25
6. VINCE HOLDING CORP   2015-01-12 2015-06-25
7. VITAMIN SHOPPE INC   2009-10-29 2015-06-25
6. WGL HLDGS INC   2008-10-22 2015-06-25
2. WABCO HOLDINGS INC   2010-06-22 2015-06-25
8. WASTE CONNECTIONS INC   2004-12-17 2015-06-25
2. WEBMD HEALTH CORP   2014-08-05 2015-06-25
3. WEST PHARMACEUTICAL SVCS INC   2015-03-30 2015-06-25
6. WHITEWAVE FOODS COMPANY   2013-07-19 2015-06-25
2. WOODWARD INC   2014-08-11 2015-06-25
2. YELP INC   2015-01-23 2015-06-25
4. ZELTIQ AESTHETICS INC   2015-02-04 2015-06-25
1. ZILLOW GROUP INC CLASS A   2012-11-05 2015-06-25
1. ENSTAR GROUP LTD ISIN BMG3075P1014   2013-01-02 2015-06-25
1. THERAVANCE BIOPHARMA INC SEDOL BMNDK09   2014-06-03 2015-06-25
2. STRATASYS LTD ISIN IL0011267213 SEDOL B7WD7D7   2015-02-05 2015-06-25
4. CORE LABORATORIES N V COM   2009-02-11 2015-06-25
8. ISIS PHARMACEUTICALS   2014-07-28 2015-07-07
3. THERAVANCE BIOPHARMA INC SEDOL BMNDK09   2014-06-03 2015-07-07
17. SEATTLE GENETICS INC / WA   2010-10-11 2015-07-10
9. DEXCOM INC   2014-11-25 2015-07-13
14. PINNACLE FOODS INC   2013-04-02 2015-07-13
2. PINNACLE FOODS INC   2014-08-26 2015-07-13
20.998 PIMCO FOREIGN BD US$ HD INST CLASS   2014-12-10 2015-07-14
5957.837 PIMCO FOREIGN BD US$ HD INST CLASS   2014-07-09 2015-07-14
29. VINCE HOLDING CORP     2015-07-14
1. BAINS CAPITAL PARTNERS LLC   2001-01-01 2015-07-24
.956 ALCOA INC   2011-07-14 2015-07-28
9. YELP INC   2015-01-23 2015-07-29
11. THORATEC CORP MERGED 10/8/15 @ $63.50 P/S   2012-11-27 2015-07-30
37. SUNEDISON INC   2013-12-12 2015-07-31
12. WHITEWAVE FOODS COMPANY   2013-07-19 2015-08-07
7. BELDEN INC   2014-12-29 2015-08-11
8. STRATASYS LTD ISIN IL0011267213 SEDOL B7WD7D7   2015-02-05 2015-08-11
67. ALCOA INC     2015-08-12
29. SPECTRANETICS CORP     2015-08-13
5. RECEPTOS INC MERGED 08/27/15 @ $232.00 P/S   2014-02-05 2015-08-28
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 41,900   38,427 3,473
b 18,500   18,881 -381
c 588,000   289,424 298,576
d 907   1,072 -165
e 14,934   9,454 5,480
15,000   8,698 6,302
8     8
731   1,032 -301
157   513 -356
38   44 -6
121   112 9
24   23 1
73   58 15
169   163 6
23   14 9
106   34 72
29   29  
153   472 -319
62   65 -3
155   51 104
740   545 195
20   20  
52     52
503   532 -29
1,296   983 313
432   193 239
280   429 -149
468   661 -193
197   341 -144
591   1,024 -433
769   355 414
549   517 32
475   436 39
1,638   1,024 614
3   3  
666   286 380
750   529 221
316   552 -236
626   552 74
645   412 233
620   359 261
749   662 87
1,290   515 775
54,700   48,844 5,856
48,000   35,109 12,891
730   583 147
1,615   1,504 111
1,372   1,356 16
13,992   13,830 162
87,533   80,304 7,229
40,000   39,953 47
28,000   28,817 -817
40,000   42,480 -2,480
805   451 354
21   21  
1,186   587 599
499   528 -29
51   32 19
576   323 253
478   532 -54
904   806 98
905   244 661
2,380   1,441 939
941   968 -27
208   1,864 -1,656
1,800   1,147 653
73   25 48
1,667   876 791
442   448 -6
852   288 564
874   557 317
113   106 7
606   582 24
220   25 195
1,485   1,582 -97
1,250   420 830
513   296 217
192   172 20
320   237 83
142   167 -25
285   370 -85
160   519 -359
506   150 356
477   236 241
550   449 101
765   544 221
687   508 179
611   309 302
1,285   619 666
3,100   1,283 1,817
550   448 102
122   126 -4
155   92 63
206   154 52
181   84 97
162   177 -15
163   140 23
138   88 50
278   270 8
385   168 217
234   50 184
92   25 67
95   75 20
186   163 23
196   343 -147
84   81 3
118   114 4
427   262 165
210   207 3
175   175  
165   187 -22
385   299 86
537   75 462
218   152 66
438   202 236
404   158 246
646   166 480
106   195 -89
104   143 -39
121   64 57
138   99 39
103   85 18
339   108 231
261   133 128
395   337 58
281   215 66
108   104 4
148   146 2
144   118 26
309   205 104
154   104 50
223   68 155
136   122 14
244   113 131
90   88 2
144   131 13
89   78 11
577   145 432
77   92 -15
123   122 1
375   195 180
371   308 63
134   111 23
208   234 -26
377   182 195
448   306 142
439   422 17
244   96 148
397   142 255
72   111 -39
635   141 494
107   75 32
205   129 76
106   135 -29
267   134 133
141   142 -1
252   109 143
808   361 447
157   155 2
219   168 51
132   79 53
303   80 223
171   97 74
86   83 3
124   59 65
210   269 -59
318   106 212
121   90 31
60   90 -30
201   100 101
138   78 60
388   215 173
103   87 16
256   88 168
182   98 84
145   59 86
156   136 20
290   158 132
230   49 181
600   227 373
292   175 117
570   326 244
432   242 190
429   174 255
334   353 -19
222   141 81
146   112 34
189   149 40
65   97 -32
127   87 40
441   400 41
158   37 121
154   103 51
251   135 116
66   24 42
233   120 113
137   84 53
141   128 13
94   90 4
261   110 151
69   83 -14
179   83 96
171   85 86
133   85 48
165   154 11
204   177 27
366   102 264
79   89 -10
184   41 143
388   115 273
479   81 398
72   84 -12
422   334 88
143   51 92
201   75 126
963   200 763
140   38 102
302   228 74
154   158 -4
141   203 -62
355   175 180
236   167 69
223   81 142
155   134 21
203   251 -48
264   136 128
428   183 245
60   21 39
142   128 14
227   182 45
372   202 170
116   65 51
156   99 57
254   166 88
172   166 6
134   132 2
58   46 12
334   190 144
238   195 43
261   223 38
63   63  
252   146 106
505   154 351
211   220 -9
77   149 -72
272   132 140
329   171 158
247   70 177
382   121 261
90   97 -7
176   176  
298   112 186
112   102 10
91   110 -19
128   133 -5
89   35 54
156   123 33
14   21 -7
75   121 -46
467   128 339
444   236 208
37   63 -26
794   287 507
745   461 284
644   335 309
92   65 27
221   236 -15
62,796   65,000 -2,204
285   851 -566
29   25 4
9   11 -2
217   496 -279
696   420 276
895   430 465
588   225 363
384   567 -183
249   485 -236
626   761 -135
471   906 -435
1,160   206 954
      76,529
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       3,473
b       -381
c       298,576
d       -165
e       5,480
      6,302
      8
      -301
      -356
      -6
      9
      1
      15
      6
      9
      72
       
      -319
      -3
      104
      195
       
      52
      -29
      313
      239
      -149
      -193
      -144
      -433
      414
      32
      39
      614
       
      380
      221
      -236
      74
      233
      261
      87
      775
      5,856
      12,891
      147
      111
      16
      162
      7,229
      47
      -817
      -2,480
      354
       
      599
      -29
      19
      253
      -54
      98
      661
      939
      -27
      -1,656
      653
      48
      791
      -6
      564
      317
      7
      24
      195
      -97
      830
      217
      20
      83
      -25
      -85
      -359
      356
      241
      101
      221
      179
      302
      666
      1,817
      102
      -4
      63
      52
      97
      -15
      23
      50
      8
      217
      184
      67
      20
      23
      -147
      3
      4
      165
      3
       
      -22
      86
      462
      66
      236
      246
      480
      -89
      -39
      57
      39
      18
      231
      128
      58
      66
      4
      2
      26
      104
      50
      155
      14
      131
      2
      13
      11
      432
      -15
      1
      180
      63
      23
      -26
      195
      142
      17
      148
      255
      -39
      494
      32
      76
      -29
      133
      -1
      143
      447
      2
      51
      53
      223
      74
      3
      65
      -59
      212
      31
      -30
      101
      60
      173
      16
      168
      84
      86
      20
      132
      181
      373
      117
      244
      190
      255
      -19
      81
      34
      40
      -32
      40
      41
      121
      51
      116
      42
      113
      53
      13
      4
      151
      -14
      96
      86
      48
      11
      27
      264
      -10
      143
      273
      398
      -12
      88
      92
      126
      763
      102
      74
      -4
      -62
      180
      69
      142
      21
      -48
      128
      245
      39
      14
      45
      170
      51
      57
      88
      6
      2
      12
      144
      43
      38
       
      106
      351
      -9
      -72
      140
      158
      177
      261
      -7
       
      186
      10
      -19
      -5
      54
      33
      -7
      -46
      339
      208
      -26
      507
      284
      309
      27
      -15
      -2,204
      -566
      4
      -2
      -279
      276
      465
      363
      -183
      -236
      -135
      -435
      954
       
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 2 437,873
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 169,224 4,206,520 0.040229
2012 159,624 3,836,906 0.041602
2011 155,422 3,620,528 0.042928
2010 160,696 3,686,683 0.043588
2009 174,038 3,306,615 0.052633
2 Total of line 1, column (d) ...................... 2 0.22098
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 0.044196
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 4,313,868
5 Multiply line 4 by line 3....................... 5 190,656
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,089
7 Add lines 5 and 6......................... 7 195,745
8 Enter qualifying distributions from Part XII, line 4.............. 8 168,090
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 10,178
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 10,178
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 10,178
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 6,060
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,060
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,118
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 taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKY
    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 addressbullet  
    14
    The books are in care ofbulletPNC BANK NA Telephone no.bullet (412) 762-9161
    Located atbullet620 LIBERTY AVENUEPITTSBURGHPA ZIP+4bullet152222705
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    PNC BANK N A TRUSTEE
    4     		22,119    
    620 LIBERTY AVENUE
    PITTSBURGH,PA152222705
    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.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,379,561
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,379,561
    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
    4,379,561
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    65,693
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,313,868
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    215,693
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    215,693
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    10,178
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,178
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    205,515
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    205,515
    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
    205,515
    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
    168,090
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    168,090
    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
    168,090
    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 7 205,515
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 92,682
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 0
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 168,090
    a Applied to 2013, but not more than line 2a 92,682
    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..... 75,408
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		130,107
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    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
    SECOND PRESBYTERIAN CHURCH
    3701 OLD BROWNSBORO ROAD
    LOUISVILLE,KY40207     		NONE PC GENERAL SUPPORT 163,641
    Total .................................bullet 3a 163,641
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 90,328  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 437,873  
    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)..   528,201  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13528,201
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 InvestmentsOtherSchedule2
    Name:
    J E LIPSCOMB JR TRUST
    EIN: 61-6020214
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS - FIXED AT COST 1,396,040 1,367,269
    MUTUAL FUNDS - EQUITY AT COST 2,304,144 2,579,593

    TY 2014 OtherExpensesSchedule
    Name:
    J E LIPSCOMB JR TRUST
    EIN: 61-6020214
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 25 0   25
    MAP MANAGEMENT FEES 1,609 1,609   0


    TY 2014 OtherIncreasesSchedule
    Name:
    J E LIPSCOMB JR TRUST
    EIN: 61-6020214
    Description Amount
       


    TY 2014 TaxesSchedule
    Name:
    J E LIPSCOMB JR TRUST
    EIN: 61-6020214
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 7 7   0
    FEDERAL TAX PAYMENT - PRIOR YE 217 0   0
    FEDERAL ESTIMATES - PRINCIPAL 6,060 0   0