Form990-PF
Click to see attachment

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
LEON LOWENSTEIN FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)150 EAST 58TH STREET 16TH FLOOR   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10155
A Employer identification number

13-6015951
B Telephone number (see instructions)

(212) 319-0670
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$121,981,994J 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...... 7,179,413 7,179,413  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -381,222
b Gross sales price for all assets on line 6a 31,831,197
7 Capital gain net income (from Part IV, line 2)... 0
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 1,793 1,793  
12 Total. Add lines 1 through 11........ 6,799,984 7,181,206  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 348,452 25,000   323,452
14 Other employee salaries and wages...... 125,459 16,573   108,886
15 Pension plans, employee benefits....... 97,640 6,196   91,444
16a Legal fees (attach schedule)......... Click to see attachment 750 750   0
b Accounting fees (attach schedule)....... Click to see attachment 19,000 3,800   15,200
c Other professional fees (attach schedule).... Click to see attachment 160,539 107,843   52,696
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 123,945 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 6,710 0  
20 Occupancy.............. 108,087 22,143   85,944
21 Travel, conferences, and meetings....... 4,933 987   3,946
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 65,449 14,096   51,353
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,060,964 197,388   732,921
25 Contributions, gifts, grants paid........ 5,581,164 5,479,750
26 Total expenses and disbursements. Add lines 24 and 25 6,642,128 197,388   6,212,671
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 157,856
b Net investment income (if negative, enter -0-) 6,983,818
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............... 1,043,397 3,229,940 3,229,940
2 Savings and temporary cash investments.......... 18,534    
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   600,000    
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........... 144,757 38,324 38,324
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 8,964,108    
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)........... 111,732,651 Click to see attachment118,701,277 118,701,277
14 Land, buildings, and equipment: basis bullet32,569
Less: accumulated depreciation (attach schedule) bullet20,116 3,597 Click to see attachment12,453 12,453
15 Other assets (describe bullet) Click to see attachment49,405 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 122,556,449 121,981,994 121,981,994
Liabilities 17 Accounts payable and accrued expenses.......... 111,579 120,472
18 Grants payable.................. 150,468 251,882
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment320,769 Click to see attachment301,582
23 Total liabilities (add lines 17 through 22).......... 582,816 673,936
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 121,973,633 121,308,058
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 121,973,633 121,308,058
31 Total liabilities and net assets/fund balances (see instructions).. 122,556,449 121,981,994
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)............... 1 121,973,633
2 Enter amount from Part I, line 27a..................... 2 157,856
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 122,131,489
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 823,431
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 121,308,058
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 SALE OF INVESTMENTS      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 31,831,197   32,212,419 -381,222
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -381,222
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -381,222
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 6,831,767 118,839,725 0.057487
2012 8,562,569 115,470,164 0.074154
2011 5,116,095 116,318,633 0.043983
2010 4,828,076 110,918,020 0.043528
2009 6,540,408 101,011,492 0.064749
2 Total of line 1, column (d) ...................... 2 0.283901
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 0.056780
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 123,418,103
5 Multiply line 4 by line 3....................... 5 7,007,680
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 69,838
7 Add lines 5 and 6......................... 7 7,077,518
8 Enter qualifying distributions from Part XII, line 4.............. 8 6,212,671
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 1 139,676
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........................... 3 139,676
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- ..... 5 139,676
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 92,739
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 46,937
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 139,676
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 673
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 673
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)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJOHN BENDHEIM JR Telephone no.bullet (212) 319-0670
    Located atbullet150 EAST 58 STREETNEW YORKNY ZIP+4bullet10155
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JOHN BENDHEIM JR CO-PRESIDENT
    5.00     		10,000 0 1,226
    C/O LEON LOWENSTEIN FDN INC 150
    EAST 58TH STREET
    NEW YORK,NY10155
    KIM BENDHEIM CO-PRESIDENT
    5.00     		10,000 0 0
    C/O LEON LOWENSTEIN FDN INC 150
    EAST 58TH STREET
    NEW YORK,NY10155
    THOMAS BENDHEIM DIRECTOR
    5.00     		5,000 0 482
    C/O LEON LOWENSTEIN FDN INC 150
    EAST 58TH STREET
    NEW YORK,NY10155
    JOANNA SCHULMAN CO-CHAIR
    5.00     		5,000 0 244
    C/O LEON LOWENSTEIN FDN INC 150
    EAST 58TH STREET
    NEW YORK,NY10155
    LYNN THOMAN CO-CHAIR
    5.00     		10,000 0 0
    C/O LEON LOWENSTEIN FDN INC 150
    EAST 58TH STREET
    NEW YORK,NY10155
    THOMAS WRIGHT DIRECTOR
    5.00     		10,000 0 1,225
    C/O LEON LOWENSTEIN FDN INC 150
    EAST 58TH STREET
    NEW YORK,NY10155
    BERNARD R RAPOPORT SECRETARY/TREASURER
    25.00     		45,000 4,500 0
    C/O LEON LOWENSTEIN FDN INC 150
    EAST 58TH STREET
    NEW YORK,NY10155
    JOHN VAN GORDER EXECUTVE DIRECTOR - PAST
    35.00     		192,795 27,923 294
    C/O LEON LOWENSTEIN FDN INC 150
    EAST 58TH STREET
    NEW YORK,NY10155
    ALICE EATON EXECUTVE DIRECTOR
    35.00     		60,657 9,529 0
    C/O LEON LOWENSTEIN FDN INC 150
    EAST 58TH STREET
    NEW YORK,NY10155
    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
    MADDALENA MOREIRA ACCOUNTING MANAGER
    35.00     		82,865 32,925 0
    C/O LEON LOWENSTEIN FDN INC 150
    EAST 58TH STREET
    NEW YORK,NY10155
    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
    PRIME BUCHHOLZ INVESTMENT ADVISOR 107,341
    273 CORPORATE DRIVE
    PORTSMOUTH,NH03801
    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
    123,917,664
    b
    Average of monthly cash balances.......................
    1b
    1,236,386
    c
    Fair market value of all other assets (see instructions)................
    1c
    143,516
    d
    Total (add lines 1a, b, and c).........................
    1d
    125,297,566
    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
    125,297,566
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,879,463
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    123,418,103
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,170,905
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    6,170,905
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    139,676
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    139,676
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,031,229
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    600,000
    5
    Add lines 3 and 4............................
    5
    6,631,229
    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
    6,631,229
    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
    6,212,671
    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
    6,212,671
    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
    6,212,671
    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 6,631,229
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 5,504,549
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 6,212,671
    a Applied to 2013, but not more than line 2a 5,504,549
    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..... 708,122
    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 ..........     		5,923,107
    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....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    2015 SPECIAL OLYMPICS WORLD GAMES INC
    350 SOUTH GRAND AVE SUITE 200
    LOS ANGELES,CA90071     		NONE 501 (C) 3 CHARITABLE 10,000
    ACCION INTERNATIONAL
    56 ROLAND STREET SUITE
    BOSTON,MA02129     		NONE 501 (C) 3 CHARITABLE 5,000
    ALZHEIMERS DISEASE&RELATED DISORDER ASSOC
    4221 WILSHIRE BLVD SUITE 400
    LOS ANGELES,CA90010     		NONE 501 (C) 3 CHARITABLE 25,000
    AMERICAN MUSEUM OF NATURAL HISTORY
    CENTRAL PARK WEST AT 79TH STREET
    NEW YORK,NY10024     		NONE 501 (C) 3 CHARITABLE 5,000
    AMERICAS SOCIETY INC
    680 PARK AVE
    NEW YORK,NY10065     		NONE 501 (C) 3 CHARITABLE 15,000
    ANJNA PATIENT EDUCATION
    300 BRANNAN ST SUITE 405
    SAN FRANCISCO,CA94107     		NONE 501 (C) 3 CHARITABLE 100,000
    ANTI-DEFAMATION LEAGUE
    10495 SANTA MONICA BOULEVARD
    LOS ANGELES,CA90025     		NONE 501 (C) 3 CHARITABLE 20,000
    APPLETREE INSTITUTE FOR EDUCATION INNOVATION
    415 MICHIGAN AVE NE 3RD FLOOR
    WASHINGTON,DC20017     		NONE 501 (C) 3 CHARITABLE 150,000
    ASIA SOCIETY
    725 PARK AVE
    NEW YORK,NY10021     		NONE 501 (C) 3 CHARITABLE 25,000
    BARRINGTON STAGE COMPANY INC
    30 UNION STREET
    PITTSFIELD,MA01201     		NONE 501 (C) 3 CHARITABLE 10,000
    BELL FOUNDATION INC
    60 CLAYTON ST
    DORCHESTER,MA02122     		NONE 501 (C) 3 CHARITABLE 150,000
    BROOKINGS INSTITUITION
    1775 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20036     		NONE 501 (C) 3 CHARITABLE 100,000
    BROWN UNIVERSITY
    100 ELM STREET BOX 1893
    PROVIDENCE,RI02912     		NONE 501 (C) 3 CHARITABLE 250,000
    CAMDEN COALITION OF HEALTHCARE PROVIDERS
    800 COOPER ST 7TH FLOOR
    CAMDEN,NJ08102     		NONE 501 (C) 3 CHARITABLE 150,000
    CHARACTER LAB
    266 WEST 37TH STREET 23RD FLOOR
    NEW YORK,NY10018     		NONE 501 (C) 3 CHARITABLE 150,000
    CITY HEALTH WORKS
    127 WEST 127TH STREET SUITE 207
    NEW YORK,NY10027     		NONE 501 (C) 3 CHARITABLE 150,000
    CODENOW INC
    217 CENTRE ST 106
    NEW YORK,NY10013     		NONE 501 (C) 3 CHARITABLE 150,000
    COLLEGE SPRING
    145 NATOMA STREET 3RD FLOOR
    SAN FRANCISCO,CA94105     		NONE 501 (C) 3 CHARITABLE 60,000
    COMMITTEE FOR ECONOMIC DEVELOPMENT
    2000 L STREET NW SUITE 700
    WASHINGTON,DC20036     		NONE 501 (C) 3 CHARITABLE 5,000
    COMMON CAUSE EDUCATION FUND
    1133 19TH STREET NW SUITE 900
    WASHINGTON,DC20036     		NONE 501 (C) 3 CHARITABLE 10,000
    CORNELL UNIVERSITY
    260 MYRON TAYLOR HALL
    ITHICA,NY14853     		NONE 501 (C) 3 CHARITABLE 5,000
    COUNCIL ON FOREIGN RELATIONS INC
    THE HAROLD PRATT HOUSE 58 EAST 68TH
    STREET
    NEW YORK,NY10065     		NONE 501 (C) 3 CHARITABLE 10,000
    CRISIS TEXT LINE
    19 WEST 21ST STREET 8TH FLOOR
    NEW YORK,NY10010     		NONE 501 (C) 3 CHARITABLE 150,000
    CROSSROADS RHODE ISLAND
    160 BROAD STREET
    PROVIDENCE,RI02903     		NONE 501 (C) 3 CHARITABLE 5,000
    ENDICOTT COLLEGE
    376 HALE STREET
    BEVERLY,MA01915     		NONE 501 (C) 3 CHARITABLE 50,000
    ENDOMETRIOSIS FOUNDATION OF AMERICA
    90 PARK AVENUE 17TH FLOOR
    NEW YORK,NY10016     		NONE 501 (C) 3 CHARITABLE 48,000
    ENVIRONMENTAL DEFENSE FUND
    257 PARK AVE S 17TH FLOOR
    NEW YORK,NY10010     		NONE 501 (C) 3 CHARITABLE 150,000
    EPIC THEATRE CENTER INC
    55 WEST 39TH ST 302
    NEW YORK,NY10018     		NONE 501 (C) 3 CHARITABLE 50,000
    EPIPHANY SCHOOL INC
    154 CENTRE STREET
    DORCHESTER,MA02124     		NONE 501 (C) 3 CHARITABLE 10,000
    EXPONENT PHILANTHROPY
    1720 N STREET NW
    WASHINGTON,DC20036     		NONE 501 (C) 3 CHARITABLE 750
    FACE FORWARD INC
    9735 WILSHIRE BLVD SUITE 300
    BEVERLY HILLS,CA90212     		NONE 501 (C) 3 CHARITABLE 5,000
    FORDHAM UNIVERSITY
    113 WEST 60TH STREET
    NEW YORK,NY10023     		NONE 501 (C) 3 CHARITABLE 20,000
    FORUM ON LAW CULTURE & SOCIETY INC
    140 WEST 62ND STREET ROOM 431
    NEW YORK,NY10023     		NONE 501 (C) 3 CHARITABLE 25,000
    FOUNDATION CENTER
    79 FIFTH AVENUE
    NEW YORK,NY10003     		NONE 501 (C) 3 CHARITABLE 2,500
    FOUNTAIN HOUSE INC
    425 WEST 47TH STREET
    NEW YORK,NY10036     		NONE 501 (C) 3 CHARITABLE 150,000
    FRENCH-AMERICAN FOUNDATION
    28 WEST 44TH STREET SUITE 1420
    NEW YORK,NY10036     		NONE 501 (C) 3 CHARITABLE 10,000
    FUND FOR PUBLIC SCHOOLS INC
    52 CHAMBERS STREET ROOM 305
    NEW YORK,NY10007     		NONE 501 (C) 3 CHARITABLE 50,000
    GEORGETOWN UNIVERSITY
    600 NEW JERSEY AVE
    WASHINGTON,DC20001     		NONE 501 (C) 3 CHARITABLE 150,000
    GIRLTREK INCORPORATED
    PO BOX 53175
    WASHINGTON,DC20009     		NONE 501 (C) 3 CHARITABLE 150,000
    GORDON SCHOOL
    45 MAXFIELD AVE
    EAST PROVIDENCE,RI02914     		NONE 501 (C) 3 CHARITABLE 10,000
    GREEN CITY FORCE
    630 FLUSHING AVE
    BROOKLYN,NY11206     		NONE 501 (C) 3 CHARITABLE 150,000
    GULF OF MAINE RESEARCH INSTITUTE
    350 COMMERCIAL STREET
    PORTLAND,ME04101     		NONE 501 (C) 3 CHARITABLE 35,000
    HACKENSACK HEALTH AND HOSPITAL FDN
    360 ESSEX STREET SUITE 301
    HACKENSACK,NJ07601     		NONE 501 (C) 3 CHARITABLE 50,000
    HARVARD MEDICAL SCHOOL
    GORDAN HALL 25 SHATTUCK STREET
    BOSTON,MA02115     		NONE 501 (C) 3 CHARITABLE 100,000
    HARVARD UNIVERSITY
    KRESGE BUILDING ROOM 1005 677
    HUNTINGTON AVENUE
    BOSTON,MA02115     		NONE 501 (C) 3 CHARITABLE 50,000
    HEALTH LEADS INC
    2 OLIVER STREET 10TH FLOOR
    BOSTON,MA02108     		NONE 501 (C) 3 CHARITABLE 150,000
    HOUR CHILDREN
    36-11 12TH STREET
    LONG ISLAND CITY,NY11106     		NONE 501 (C) 3 CHARITABLE 15,000
    HURRICANE ISLAND FOUNDATION
    19 COMMERCIAL ST
    ROCKLAND,ME04853     		NONE 501 (C) 3 CHARITABLE 13,000
    INSEAD MANAGEMENT EDUCATION FOUNDATION
    BOULEVARD DE CONSTANCE 77305
    FONTAINEBLEAU CEDEX
    FRANCE    
    FR     		NONE 501 (C) 3 CHARITABLE 10,000
    JEWISH ALLIANCE OF GREATER RHODE ISLAND
    401 ELMGROVE AVE
    PROVIDENCE,RI02906     		NONE 501 (C) 3 CHARITABLE 10,000
    JEWISH COMMUNITY CENTER IN MANHATTAN
    334 AMSTERDAM AVE AT 76TH STREET
    NEW YORK,NY10023     		NONE 501 (C) 3 CHARITABLE 40,000
    KCRW FOUNDATION INC
    1514 NORTH BENTON WAY
    LOS ANGELES,CA90026     		NONE 501 (C) 3 CHARITABLE 20,000
    KIPP FOUNDATION
    135 MAIN STREET SUITE 1700
    SAN FRANCISCO,CA94105     		NONE 501 (C) 3 CHARITABLE 150,000
    LEARN FRESH EDUCATION CO
    100 ADAMS POINT ROAD
    BARRINGTON,RI02806     		NONE 501 (C) 3 CHARITABLE 150,000
    LEO BAECK INSTITUTE INC
    15 WEST 16TH STREET
    NEW YORK,NY10011     		NONE 501 (C) 3 CHARITABLE 25,000
    MCGILL UNIVERSITY
    1001 SHERBROOKE STREET WEST
    QUEBEC    
    CA     		NONE 501 (C) 3 CHARITABLE 10,000
    MIDDLESEX SCHOOL
    1400 LOWELL ROAD
    CONCORD,MA01742     		NONE 501 (C) 3 CHARITABLE 25,000
    NATICK SERVICE COUNCIL INC
    2 WEBSTER STREET
    NATICK,MA01760     		NONE 501 (C) 3 CHARITABLE 31,000
    NEW ART PUBLICATIONS INC
    80 HANSON PLACE 793
    BROOKLYN,NY11217     		NONE 501 (C) 3 CHARITABLE 20,000
    NEW YORK BOTANICAL GARDEN
    THE NEW YORK BOTANICAL GARDEN
    BRONX,NY10458     		NONE 501 (C) 3 CHARITABLE 50,000
    NEW YORK SHAKESPEARE FESTIVAL
    425 LAFAYETTE STREET
    NEW YORK,NY10003     		NONE 501 (C) 3 CHARITABLE 2,000
    NW3C INC
    10900 NUCKOLS ROAD SUITE 325
    RICHMOND,VA23060     		NONE 501 (C) 3 CHARITABLE 35,000
    PARAPROFESSIONAL HEALTHCARE INSTITUTE INC
    400 E FORDHAM ROAD 11TH FLOOR
    BRONX,NY10458     		NONE 501 (C) 3 CHARITABLE 150,000
    PARTNERSHIP FOR PUBLIC SERVICE INC
    1100 NEW YORK AVENUE NW SUITE 1090
    EAST
    WASHINGTON,DC20005     		NONE 501 (C) 3 CHARITABLE 5,000
    PHILANTHROPY NEW YORK
    79 FIFTH AVENUE FOURTH FLOOR
    NEW YORK,NY10003     		NONE 501 (C) 3 CHARITABLE 8,000
    PHILANTHROPY NEW YORK
    79 FIFTH AVENUE FOURTH FLOOR
    NEW YORK,NY10003     		NONE 501 (C) 3 CHARITABLE 1,000
    PHILANTHROPY ROUNDTABLE
    1730 M STREET NW SUITE 601
    WASHINGTON,DC20036     		NONE 501 (C) 3 CHARITABLE 10,000
    PRINCETON CHARTER SCHOOL INC
    100 BUNN DRIVE
    PRINCETON,NJ08540     		NONE 501 (C) 3 CHARITABLE 3,000
    PRINCETON PERU PARTNERSHIP INC
    28 STONECLIFF RD
    PRINCETON,NJ08540     		NONE 501 (C) 3 CHARITABLE 2,500
    PRINCETON UNIVERSITY
    26 PROSPECT AVE
    PRINCETON,NJ08540     		NONE 501 (C) 3 CHARITABLE 5,000
    PTA ASSOCIATION OF THE CENTER SCHOOL
    100 WEST 84TH STREET
    NEW YORK,NY10024     		NONE 501 (C) 3 CHARITABLE 3,000
    RACHEL'S NETWORK INC
    1200 18TH STREET NW SUITE 910
    WASHINGTON,DC20036     		NONE 501 (C) 3 CHARITABLE 5,000
    REGENTS OF THE UNIVERSITY OF CALIFORNIA
    10990 WILSHIRE BLVD SUITE 900
    LOS ANGELES,CA90024     		NONE 501 (C) 3 CHARITABLE 10,000
    REGIONAL PLAN ASSOCIATION INC
    4 IRVING PLACE 7TH FLOOR
    NEW YORK,NY10003     		NONE 501 (C) 3 CHARITABLE 20,000
    RELAY GRADUATE SCHOOL OF EDUCATION
    40 WEST 20TH STREET 7TH FLOOR
    NEW YORK,NY10011     		NONE 501 (C) 3 CHARITABLE 150,000
    RHODE ISLAND COMMUNITY FOOD BANK ASSOC
    200 NIANTIC AVE
    PROVIDENCE,RI02907     		NONE 501 (C) 3 CHARITABLE 2,500
    RHODE ISLAND FOUNDATION
    ONE UNION STATION
    PROVIDENCE,RI02903     		NONE 501 (C) 3 CHARITABLE 7,500
    ROCKEFELLER UNIVERSITY
    1230 YORK AVE
    NEW YORK,NY10065     		NONE 501 (C) 3 CHARITABLE 25,000
    ROCKING THE BOAT INC
    812 EDGEWATER RD
    BRONX,NY10474     		NONE 501 (C) 3 CHARITABLE 150,000
    SARAH LAWRENCE COLLEGE
    ONE MEAD WAY
    BRONXVILLE,NY10708     		NONE 501 (C) 3 CHARITABLE 2,000
    SPRINGBOARD COLLABORATIVE
    1701 WALNUT ST 7TH FLOOR
    PHILADELPHIA,PA19103     		NONE 501 (C) 3 CHARITABLE 150,000
    TREKKERS INC
    41 BUTTERMILK DRIVE
    THOMASTON,ME04861     		NONE 501 (C) 3 CHARITABLE 26,000
    TRILATERAL COMMISSION NORTH AMERICA
    1156 FIFTEENTH STREET NW 505
    WASHINGTON,DC20005     		NONE 501 (C) 3 CHARITABLE 20,000
    TRINITY EPISCOPAL SCHOOLS CORPORATION
    139 WEST 91ST STREET
    NEW YORK,NY10024     		NONE 501 (C) 3 CHARITABLE 50,000
    TRUST FOR PUBLIC LANDS
    666 BROADWAY 9TH FLOOR
    NEW YORK,NY10012     		NONE 501 (C) 3 CHARITABLE 150,000
    TRUSTEES OF COLUMBIA UNIVERSITY OF NY
    420 WEST 118TH STREET MC 3328
    NEW YORK,NY10027     		NONE 501 (C) 3 CHARITABLE 100,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANI
    344 VANCE HALL 3733 SPRUCE STREET
    PHILADELPHIA,PA19104     		NONE 501 (C) 3 CHARITABLE 50,000
    TUFTS UNIVERSITY
    LINCOLN FILENE HALL
    MEDFORD,MA02155     		NONE 501 (C) 3 CHARITABLE 30,000
    TUFTS UNIVERSITY (FLETCHER SCHOOL)
    160 PACKARD AVE
    MEDFORD,MA02155     		NONE 501 (C) 3 CHARITABLE 50,000
    UNITED FRIENDS OF THE CHILDREN
    1055 WILSHIRE BLVD SUITE 1955
    LOS ANGELES,CA90017     		NONE 501 (C) 3 CHARITABLE 5,000
    UNITED WAY OF MASSACHUSETTS BAY
    PO BOX 51381
    BOSTON,MA02205     		NONE 501 (C) 3 CHARITABLE 10,000
    UNIVERISTY OF SOUTHERN CALIFORNIA
    MARSHALL SCHOOL OF BUSINESS 29TH
    FLOOR
    LOS ANGELES,CA90089     		NONE 501 (C) 3 CHARITABLE 25,000
    US GREEN BUILDING COUNCIL INC
    2101 L STREET SUITE 500
    WASHINGTON,DC20037     		NONE 501 (C) 3 CHARITABLE 150,000
    VENTURE FOR AMERICA INC
    40 WEST 29TH ST SUITE 301
    NEW YORK,NY10001     		NONE 501 (C) 3 CHARITABLE 25,000
    VIEQUES CONSERVATION AND HISTORICAL TRUST
    CALLE FLAMBOYAN 138
    VIEQUES,PR00765     		NONE 501 (C) 3 CHARITABLE 2,000
    VIEQUES HUMANE SOCIETY & ANIMAL RESCUE
    PO BOX 1399
    VIEQUES,PR00765     		NONE 501 (C) 3 CHARITABLE 5,000
    WALLIS ANNENBERG CENTER PERFORMING ARTS
    9390 NORTH SANTA MONICA BLVD
    BEVERLY HILLS,CA90210     		NONE 501 (C) 3 CHARITABLE 25,000
    WATERSIDE SCHOOL INC
    770 PACIFIC STREET
    SAMFORD,CT06902     		NONE 501 (C) 3 CHARITABLE 15,000
    WHOLESOME WAVE
    855 MAIN STREET SUITE 910
    BRIDGEPORT,CT06604     		NONE 501 (C) 3 CHARITABLE 150,000
    YEAR - UP INC
    40 FOUNTAIN STREET 7TH FLOOR
    PROVIDENCE,RI02903     		NONE 501 (C) 3 CHARITABLE 10,000
    YOUTH VILLAGES INC
    3320 BROTHER BLVD
    MEMPHIS,TN38133     		NONE 501 (C) 3 CHARITABLE 140,000
    Total .................................bullet 3a 5,479,750
    bApproved for future payment
    GORDON SCHOOL
    45 MAXFIELD AVENUE
    EAST PROVIDENCE,RI02914     		NONE 501 (C) 3 CHARITABLE 20,000
    HOUR CHILDREN
    36-11 12TH STREET
    LONG ISLAND CITY,NY11106     		NONE 501 (C) 3 CHARITABLE 10,000
    TREKKERS
    41 BUTTERMILK DRIVE
    THOMASTON,ME04861     		NONE 501 (C) 3 CHARITABLE 25,000
    UNIVERSITY OF PENNSYLVANIA
    344 VANCE HALL 3733 SPRUCE STREET
    PHILADELPHIA,PA19104     		NONE 501 (C) 3 CHARITABLE 50,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    MARSHALL SCHOOL OF BUSINESS 29TH
    FLOOR
    LOS ANGELES,CA90089     		NONE 501 (C) 3 CHARITABLE 75,000
    WALLIS ANNENBERG FOR THE PERFORMING ARTS
    9390 NORTH SANTA MONICA BLVD
    BEVERLY HILLS,CA90210     		NONE 501 (C) 3 CHARITABLE 75,000
    Total .................................bullet 3b 255,000
    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 7,179,413  
    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.....     18 1,793  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    14 -381,222  
    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 6,799,984 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    136,799,984
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 19,000 3,800   15,200

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

    TY 2014 DepreciationSchedule
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    FURNITURE & EQUIPMENT 2009-12-31 32,569 20,116   0 % 0 0    

    TY 2014 GeneralExplanationAttachment
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Identifier Return Reference Explanation
      FORM 990-PF, PART V QUALIFICATION UNDER SECTION 4940(E) FOR REDUCED TAX ON NET INVESTMENT INCOME HAS BEEN MODIFIED TO REFLECT THE CHANGE OF THE NET VALUE OF NON-CHARITABLE USE ASSETS FOR 2013 OF $3,409,524 DUE TO AN INCREASE IN THE VALUE OF SUCH ASSETS. THE CHANGE IS ROLLED FORWARD TO 2014 AND DID NOT IMPACT THE TAX LIABILITY FOR 2013.

    TY 2014 InvestmentsOtherSchedule2
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
      FMV 118,701,277 118,701,277

    TY 2014 LandEtcSchedule2
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE & EQUIPMENT 32,569 20,116 12,453 12,453


    TY 2014 LegalFeesSchedule
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 750 750   0


    TY 2014 OtherAssetsSchedule
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST & DIVIDENT RECEIVABLE 49,405    


    TY 2014 OtherDecreasesSchedule
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 42,058 2,763   39,295
    TELEPHONE 6,745 675   6,070
    INSURANCE 5,988 0   5,988
    MISCELLANEOUS 10,658 10,658   0


    TY 2014 OtherIncomeSchedule2
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 1,793 1,793 0


    TY 2014 OtherLiabilitiesSchedule
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED EXCISE TAX 317,986 301,582
    DEFERRED RENT 2,783 0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 107,341 107,341   0
    OTHER CONSULTANTS 53,198 502   52,696


    TY 2014 TaxesSchedule
    Name:
    LEON LOWENSTEIN FOUNDATION INC
    EIN: 13-6015951
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 123,945 0   0