Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
The F2 Family Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside RdSuite 123Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

32-0046917
B Telephone number (see instructions)

(800) 839-1754
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$3,019,309J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 0
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 172 172  
4 Dividends and interest from securities...... 71,016 71,016  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 245,274
b Gross sales price for all assets on line 6a 1,631,310
7 Capital gain net income (from Part IV, line 2)... 245,274
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 73 73  
12 Total. Add lines 1 through 11........ 316,535 316,535  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 29,753 29,753    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,118 1,835    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 17,888 485   17,403
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 55,759 32,073   17,403
25 Contributions, gifts, grants paid........ 289,000 289,000
26 Total expenses and disbursements. Add lines 24 and 25 344,759 32,073   306,403
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -28,224
b Net investment income (if negative, enter -0-) 284,462
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 155,561 142,583 142,583
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 2,612,914 Click to see attachment2,597,668 2,876,726
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)...........      
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) 2,768,475 2,740,251 3,019,309
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,768,475 2,740,251
30 Total net assets or fund balances (see instructions)...... 2,768,475 2,740,251
31 Total liabilities and net assets/fund balances (see instructions).. 2,768,475 2,740,251
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 2,768,475
2 Enter amount from Part I, line 27a..................... 2 -28,224
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,740,251
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,740,251
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 Publicly-traded Securities      
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 1,631,310   1,386,036 245,274
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       245,274
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 2 245,274
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 279,929 2,933,695 0.095419
2012 319,487 2,486,452 0.128491
2011 243,366 1,928,964 0.126164
2010 162,186 1,741,990 0.093104
2009 265,667 1,681,189 0.158023
2 Total of line 1, column (d) ...................... 2 0.601201
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 0.12024
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 3,060,234
5 Multiply line 4 by line 3....................... 5 367,963
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,845
7 Add lines 5 and 6......................... 7 370,808
8 Enter qualifying distributions from Part XII, line 4.............. 8 306,403
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 5,689
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  
3 Add lines 1 and 2........................... 3 5,689
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,689
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 4,700
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,700
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 989
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$   (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)
    bulletDE
    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 ofbulletFoundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
    Juanita F Francis Pres / Dir / Sec
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Philip Francis VP / Dir
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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
    2,965,751
    b
    Average of monthly cash balances.......................
    1b
    141,086
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,106,837
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,106,837
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    46,603
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,060,234
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    153,012
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    153,012
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    5,689
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,689
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    147,323
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    147,323
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    147,323
    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
    306,403
    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
    306,403
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    306,403
    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 7 147,323
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:2012, 2011, 2010  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010....... 43,930
    c From 2011....... 157,566
    d From 2012....... 206,196
    e From 2013....... 140,427
    fTotal of lines 3a through e......... 548,119
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 306,403
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 147,323
    e Remaining amount distributed out of corpus 159,080
    5 Excess distributions carryover applied to 2014.    
    (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 5 707,199
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		707,199
    10 Analysis of line 9:
    a Excess from 2010.... 43,930
    b Excess from 2011.... 157,566
    c Excess from 2012.... 206,196
    d Excess from 2013.... 140,427
    e Excess from 2014.... 159,080
    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).)
    JUANITA F FRANCIS
    PHILIP FRANCIS
    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
    ARIZONA STATE UNIV FDN FOR A NEW AMERICAN UNIV
    PO BOX 2260
    TEMPE,AZ85280     		N/A PC President's Chair Fund 25,000
    BARROW NEUROLOGICAL FOUNDATION
    350 W THOMAS RD
    PHOENIX,AZ85013     		N/A PC Sptezler Legacy Project, Research Fund, and BBTRC Program 30,000
    CANCER SUPPORT COMMUNITY-ARIZONA
    260 E PALM LN
    PHOENIX,AZ85004     		N/A PC General & Unrestricted 50,000
    CORAM DEO ACADEMY INC
    4900 WICHITA TRL
    FLOWER MOUND,TX75022     		N/A PC General & Unrestricted 5,000
    CRISIS NURSERY INC
    2334 E POLK ST
    PHOENIX,AZ85006     		N/A PC General & Unrestricted 5,000
    DOULOS INC
    114 OAK HOLLOW LN
    SULPHUR SPGS,TX75482     		N/A PC General & Unrestricted 3,000
    FRIENDS OF PUBLIC RADIO ARIZONA
    2323 W 14TH ST
    TEMPE,AZ85281     		N/A PC South Mountain Tower Replacement Fund 25,000
    I WITNESS MINISTRIES INC
    206 INDUSTRIAL CT
    WYLIE,TX75098     		N/A PC General & Unrestricted 2,000
    LEGACY FOUNDATION CHRIS -TOWN YMCA
    5517 N 17TH AVE
    PHOENIX,AZ85015     		N/A PC Dental Clinic Fund 25,000
    MCGAW YMCA
    1000 GROVE ST
    EVANSTON,IL60201     		N/A PC Camp Echo Fund 10,000
    MCGAW YMCA
    1000 GROVE ST
    EVANSTON,IL60201     		N/A PC Chairman's Roundtable Fund 10,000
    MINDS MATTER OF SAN FRANCISCO INC
    PO BOX 2511
    SAN FRANCISCO,CA94126     		N/A PC General & Unrestricted 15,000
    NEW HOPE HAITI MISSION INC
    PO BOX 2635
    MECHANICSVLLE,VA23116     		N/A PC General & Unrestricted 2,000
    NOT MY KID INC
    5230 E SHEA BLVD STE 100
    SCOTTSDALE,AZ85254     		N/A PC General & Unrestricted 5,000
    ROCKWALL YOUNG LIFE
    PO BOX 476
    ROCKWALL,TX75087     		N/A PC General & Unrestricted 5,000
    STILL WATER CHRISTIAN MINISTRIES INC
    PO BOX 1885
    BOERNE,TX78006     		N/A PC General & Unrestricted 2,000
    UMOM NEW DAY CENTERS INC
    3333 E VAN BUREN ST
    PHOENIX,AZ85008     		N/A PC Campaign Fund 34,000
    UNIVERSITY OF ILLINOIS FOUNDATION
    1305 W GREEN ST MC-386
    URBANA,IL61801     		N/A PC College of ACES, Jonathan Baldwin Turner Scholarship Fund 10,000
    VALLEY OF THE SUN UNITED WAY
    3200 E CAMELBACK RD STE 375
    PHOENIX,AZ85018     		N/A PC General & Unrestricted 25,000
    YMCA OF METROPOLITAN DALLAS - JER CHILTON YMCA AT
    1210 N GOLIAD ST
    ROCKWALL,TX75087     		N/A PC General & Unrestricted 1,000
    Total .................................bullet 3a 289,000
    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 ............     		    14 172  
    4 Dividends and interest from securities....     14 71,016  
    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 .............     		    18 245,274  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aForeign Tax Refund     01 73  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   316,535  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13316,535
    (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

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

    TY 2014 DepreciationSchedule
    Name:
    The F2 Family Foundation Inc
    EIN: 32-0046917
    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

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    The F2 Family Foundation Inc
    EIN: 32-0046917
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 6,978 13,639
    ABB LTD. 2,750 2,728
    ABBOTT LABS 9,721 11,120
    ABBVIE INC. 1,209 1,374
    ABERDEEN ASSET MANAGEMENT PLC 2,314 2,132
    ACTAVIS PLC 8,214 9,524
    ADIDAS AG 2,096 1,518
    ALLIANZ SE ADR 1,653 1,839
    ALTRIA GROUP INC 2,722 3,203
    AMADEUS IT HLDS SA 1,295 1,898
    AMCAP FUND, INC., CLASS F-2 SH 27,947 27,201
    AMCOR LTD 2,812 3,358
    AMEREN CORPORATION 2,277 2,629
    AMERICA MOVIL SA 1,562 1,597
    AMERICAN CAMPUS COMMUNITIES 5,812 5,956
    AMERICAN EXPRESS CO 3,375 5,768
    AMPHENOL CORPORATION 9,024 10,009
    ANHUI CONCH CEM ADR 3,830 3,925
    ANNALY MTG MGMT INC. COM 3,923 4,248
    APPLE INC. 20,702 32,121
    APPLIED MATERIALS INC. 6,731 14,279
    AQR MANAGED FUTURES FUND CL I 58,551 61,070
    ASTRAZENECA 990 915
    AT&T, INC 7,692 8,767
    AUSTRALIA & N Z ADS 2,566 3,354
    AUTOMATIC DATA PROCESSING INC. 838 1,000
    AVAGO TECHNOLOGIES LIMITED 1,354 3,822
    AXIS CAPITAL HOLDINGS LTD 1,727 3,474
    BAE SYSTEMS PLC 4,949 5,715
    BAIDU.COM - ADR 1,395 2,964
    BANCO BRADESCO S.A. SPONS ADR 7,513 6,698
    BANK OF MONTREAL 12,738 12,307
    BARCLAYS PLC ADR 1,550 1,681
    BARRICK GOLD CORP COM 7,200 4,160
    BASF AG SPONS ADR 2,109 1,501
    BAXTER INTERNATIONAL INC. 4,736 6,230
    BCE INC 2,894 2,935
    BEACH ENERGY LTD 2,044 1,106
    BED BATH & BEYOND INC. 6,646 7,312
    BELLE INTL HLDG ADR 326 323
    BERKSHIRE HATHAWAY INC. CLASS 7,150 8,408
    BHP BILLITON LIMITED 1,057 710
    BLACKROCK STRAT INC OPP - INS 42,007 41,927
    BOC HK HLDGS LTD S/ADR 3,336 3,351
    BRAMBLES LTD UNSP AD 1,644 2,100
    BRASIL FOODS S.A. 1,411 1,471
    BRITISH AMERICAN TOBACCO PLC 1,818 1,617
    BRITISH SKY ADS 6,077 6,241
    BUNZL PLC SPONSORED ADR 1,379 1,925
    CALRSBERG AS SP ADR REP B 6,511 5,263
    CANADIAN NATL RAILWAY CO 1,750 2,550
    CAP GEMINI SA UNSP/ADR 918 1,682
    CASEY'S GENERAL STORES, INC. 8,362 10,748
    CENOVUS ENERGY INC 1,476 928
    CENTRICA 8,546 6,645
    CENTURY LINK INC 2,079 2,296
    CGI GROUP INC CL A SUB VTG SHS 2,509 3,205
    CHEUNG KONG HLDGS LTD ADR 5,528 5,735
    CHEVRON CORP 13,339 14,920
    CHINA CONSTRUCT UNSPON ADR 3,474 3,833
    CHINA MOBILE HGK LTD 3,071 3,353
    CHINA PETRO & CHEM 2,975 3,321
    CHUBB CORP 4,664 7,346
    CIELO SA ADR 1,160 1,509
    CISCO SYSTEMS INC 11,621 13,910
    CME GROUP, INC 1,986 2,394
    CNOOC LTD ADS 858 677
    COCA-COLA AMATIL LTD ADR 1,456 820
    COCA-COLA CO 5,207 8,360
    COGNIZANT TECHNOLOGY SOLUTIONS 6,562 8,110
    COMMONWEALTH BK AUS-SP ADR 918 837
    COMPANHIA PARANAENSE DE ENERGI 3,501 3,332
    COMPASS GROUP PLC ADR 3,198 4,038
    CONOCOPHILLIPS 21,639 23,411
    CORR CP OF AMER 1,787 1,926
    CUMMINS INC 8,186 7,929
    CVS CAREMARK CORP. 11,248 18,395
    DAIMLERCHRYSLER AG 2,093 1,813
    DB X TRACKERS MSCI EMERGING MA 2,834 2,894
    DB X TRACKERS MSCI EUROPE HEDG 11,972 11,462
    DENSO CORP ADR 1,337 1,702
    DEUTSCHE BOERSE ADR 3,301 3,951
    DEUTSCHE POST AG 2,184 2,466
    DEUTSCHE TELE AG ADS 2,603 2,431
    DIAMOND OFFSHORE DRL 5,460 6,277
    DNB NOR ASA SPONSOR ADR 1,050 1,043
    DOLLAR TREE INC. 9,300 11,965
    DOMINION RESOURCES INC 838 923
    DORMAN PRODUCTS INC 10,476 10,185
    DOUBLELINE TOTAL RETURN BOND 15,833 15,299
    DOW CHEMICAL PV 1,546 1,368
    DR PEPPER SNAPPLE GROUP, INC 5,653 9,892
    DU PONT DE NEMOURS 6,670 9,686
    DUKE ENERGY CO 2,389 2,757
    EATON CORP PLC 8,565 7,679
    EBAY INC. 6,767 7,352
    ECOLAB INC 7,623 8,675
    ELECTRICITE FR UNSP/ADR 2,272 1,933
    ENCANA CORP 2,709 1,942
    ERICSSON L M TEL CO 2,172 2,529
    EXELON CORPORATION 6,926 8,306
    EXPRESS SCRIPTS HOLDING CO. 14,718 18,797
    EXXON MOBIL CORP 8,319 9,060
    FAMCO MLP & ENERGY INCOME FUND 31,575 32,360
    FANUC LIMITED UNSPONSORED 2,767 2,863
    FEDERATED INSTI HIGH YIELD BD 18,447 17,643
    FIRST EAGLE SOGEN GLOBAL FUND 68,315 72,362
    FIRST TRUST ISE WATER INDEX 6,869 7,888
    FLEETCOR TECHNOLGIES INC 7,209 8,179
    FOMENTO ECONOMICO MEXICANO 1,142 1,056
    FPA CRESCENT PORTFOLIO 53,287 58,603
    GALAXY ENTERTAINMENT GROUP LIM 2,367 2,471
    GALLAGHER ARTHUR J & CO. 838 847
    GENERAL MILLS INC 4,515 7,040
    GILEAD SCIENCES INC 5,324 8,012
    GLAXOSMITHKLINE PLC 6,796 6,326
    GLOBAL X MLP & ENERGY INFRASTR 15,651 16,695
    GOLDEN AGRI-RESOURCES LTD 4,033 2,801
    GOLDMAN SACHS STRAT INC-INSTIT 42,544 41,661
    GOOGLE INC CL A 2,411 3,184
    GOOGLE INC CL C 2,782 3,685
    GOTHAM ABSOLUTE RETURN FUND 61,705 66,500
    GREAT WALL MOTOR 2,136 3,028
    GRUPO TELEVISA (ADR) 1,962 2,691
    GUGGENHEIM S&P 500 PURE VALUE 22,543 23,138
    HEALTH CARE REIT INC. 2,241 2,724
    HITACHI LTD 2,582 3,355
    HOME DEPOT INC. 4,387 11,442
    HONDA MOTOR CO LTD 6,901 6,672
    HONEYWELL INTERNATIONAL INC. 4,692 10,691
    HSBC HOLDINGS PLC 5,408 5,054
    HUTCHISON WHAMPOA LTD ADR 3,179 3,381
    IMPERIAL TOBACCO GRO 3,042 2,975
    INDUSTRIAL & COM UNSP/ADR 2,148 2,657
    INTUIT 7,137 8,113
    INVESCO BALANCED RISK ALLOCATI 66,514 60,099
    INVESCO CONVERT SEC-Y 10,890 11,451
    ISCHF 812 841
    ISHARES BARCLAYS 0-5 YR TIPS 9,914 9,704
    ISHARES BARCLAYS TIPS BOND FUN 14,775 13,777
    ISHARES GLOBAL INDUSTRIALS 5,939 5,923
    ISHARES MSCI EAFE MINIMUM VOLA 17,675 17,585
    ISHARES MSCI EMERGING MARKETS 5,727 5,663
    ISHARES MSCI USA MIN VOLATILIT 24,219 29,915
    ISHARES S&P 500 GROWTH INDEX F 38,984 40,399
    ISUZU MOTORS UNSP/ADR 3,302 3,290
    IVY HIGH INCOME FUND CLASS I 18,503 17,104
    JOHNSON & JOHNSON 3,595 5,333
    JP MORGAN CHASE & CO 8,350 12,829
    KASIKORNBANK PUB CO LTD ADR CM 1,681 2,278
    KEPPEL CORP LTD ADR 2,647 2,117
    KIMBERLY CLARK CORP 1,387 1,502
    KINDER MORGAN INC 2,416 2,666
    KINGFISHER PLC 2,240 2,449
    KLA TENCOR CORP 950 914
    KOC HOLDINGS AS UNSP/ADR 1,320 1,610
    KOMATSU LTD. 3,719 3,810
    LKQ CORPORATION 7,656 8,042
    LOCKHEED MARTIN CORP 1,428 1,733
    LOOMIS SAYLES FDS STRATEGIC IN 40,388 40,649
    LORILLARD INC 2,753 2,832
    LUKOIL HOLDING CO SP/ADR 3,960 2,454
    LYONDELLBASELL INDUSTRIES NV 8,993 10,162
    MACK CALI RLTY CORP 2,568 2,325
    MAGNA INTERNATIONAL INC. 630 1,739
    MANULIFE FIN CORP 2,342 3,360
    MARKET VECTORS AGRIBUSINESS ET 8,038 7,722
    MARKETFIELD FUND 57,824 59,895
    MARKS & SPENCER GRP ADR 2,867 3,386
    MASTERCARD INC 8,481 11,459
    MATTELL INC. 7,686 7,521
    MCDONALD'S CORP 5,162 6,278
    MEDTRONIC INC 5,637 10,541
    MERCK & CO INC. 9,549 11,472
    METHANEX CORPORATION 1,799 1,283
    MFS DIVERSIFIED TARGET RETURN 63,845 66,173
    MICROCHIP TECHNOLOGY INC. 1,188 1,083
    MICROSOFT CORPORATION 14,243 22,761
    MIDDLEBY CORPORATION 8,628 10,306
    MITSUI & COMPANY, LTD. - ADR 3,360 3,219
    MIZUHO FINANCIAL GRO 3,139 2,992
    MOLSON COOR BREW CO CL B 5,650 9,315
    MONRO MUFFLER BRAKE, INC 7,625 8,150
    MUENCHENER RUECKVERS 2,446 2,262
    NATIONAL GRID TRANSCO PLC 2,873 2,685
    NESTLE S.A. 875 802
    NEWMONT MINING CORP 4,322 3,081
    NOVARTIS AG ADR 3,019 4,077
    NOVO NORDISK A S 13,457 12,781
    OAKMARK FUND 27,947 26,901
    OCCIDENTAL PETROLEUM CORP 10,183 9,673
    OPEN TEXT CORP 1,497 1,690
    ORACLE CORP 6,453 7,060
    ORANGE 467 812
    ORKLA ASA SPON ADR 1,337 998
    PEARSON PLC 1,312 1,255
    PEOPLE'S UNITED FINANCIAL, INC 1,027 1,032
    PEPSICO INC 21,951 28,935
    PERRIGO CO PLC 9,192 10,030
    PERSIMMON PLC ADR 3,168 3,554
    PFIZER INC. 9,679 12,709
    PHILIP MORRIS INTL 1,783 1,710
    PHILIPPINE LONG DISTANCE ADR 952 886
    PHILLIPS 66 7,311 6,453
    PIMCO INCOME FUND P CLASS 41,667 41,367
    PNC FINANCIAL GROUP INC. 11,055 16,056
    POTASH CORPORATION OF SASKATCH 2,058 2,013
    POWERSHARES DYNAMIC BASIC MATE 7,333 7,980
    POWERSHARES DYNAMIC ENERGY SEC 8,272 7,170
    PPL CORPORATION 2,338 2,470
    PRADA SPA ADR 2,005 1,504
    PRECISION CASTPARTS 9,593 10,840
    PRICELINE.COM INCORPORATED 8,639 12,542
    PROCTER GAMBLE CO 12,373 18,309
    PROSIEBENSAT.1 MEDIA 1,745 1,841
    PT BANK RAKYAT ADR 1,563 1,692
    PT BK MANDIR PRS UNSP/ADR 1,698 2,344
    PUBLICIS GROUPE S.A 3,123 3,586
    QUALCOMM INC 9,158 8,474
    R R DONNELLEY & SONS CO 1,132 1,126
    REED ELSEVIER PLC 2,452 3,879
    REGAL ENTERTAINMENT 8,725 12,432
    RENAISSANCERE HOLDINGS LTD 978 1,653
    REYNOLDS AMERICAN INC 2,827 3,021
    RIDGEWORTH FDS SEIX FLOATING R 15,316 14,871
    RIO TINTO PLC SPONSORED ADR 5,102 4,376
    ROBECO BOSTON PARTNERS LONG SH 58,042 71,857
    ROCHE HOLDING LTD ADR 4,343 5,540
    ROGERS COMM CL B 1,170 1,127
    ROYAL DUTCH SHEL PLC SPONS ADR 3,012 2,852
    ROYAL DUTCH SHELL PLC 6,767 7,097
    SAGE GROUP PLC UNS/ADR 1,192 1,930
    SANOFI-AVENTIS SPONSORED ADR 3,635 4,059
    SAP AKTIENGESELL ADS 4,263 4,040
    SASOL LTD 5,761 5,126
    SCHNEIDER ELEC UNSP/ADR 2,431 2,493
    SCOTTISH & SOUTHERN ENERGY ADR 2,800 2,627
    SEAGATE TECHNOLOGY 1,135 1,197
    SEVERN TRENT PLC 1,133 1,030
    SHAW COMMUNICATIONS INC 1,322 1,376
    SHIRE PLC 1,030 1,913
    SIEMENS AG 2,578 3,360
    SIMON PPTY GROUP INC 2,568 4,006
    SMITH & NEPHEW PLC ADR 1,574 2,351
    SMURFIT KAPPA 1,698 1,691
    SOUTHERN CO 1,066 1,179
    SOUTHWESTERN ENERGY 5,549 4,585
    SPDR DJ WILSHIRE INT 19,315 19,746
    SPDR GOLD SHARES 23,709 17,378
    SPDR S&P 500 ETF TRUST 2,793 2,878
    ST. JUDE MED INC. 5,506 10,145
    STATOIL ASA ADS 5,118 4,156
    SUNCOR ENERGY INC 3,480 3,400
    SUNTRUST BKS INC 2,231 4,860
    SVENSKA CELL AKT SCA ADR 914 1,526
    SVENSKA HANDELSBK UNS ADR 1,196 1,147
    SWISSCOM AG S/ADR 2,736 2,465
    SYNGENTA AG ADS 2,751 2,377
    SYSCO CORP 5,517 8,533
    T. ROWE PRICE ASSOCIATES 6,965 7,298
    TAIWAN SEMICONDUCTOR MFG CO LT 8,279 11,929
    TARGET CORPORATION 8,224 10,703
    TATA MOTORS LTD ADS 748 1,564
    TCW GALILEO TOTAL RETURN BOND 21,335 21,480
    TECHNIP ADS 1,717 1,228
    TECO ENERGY INC. 1,773 2,008
    TELENOR ASA 1,795 1,635
    TELSTRA CORPORATION 2,252 2,213
    TEMPLETON GLOBAL BD 24,031 22,674
    TERNA RETE ELETTRICA 2,424 2,046
    TEVA PHARMECEUTICAL SP ADR 7,702 10,524
    TJX COMPANIES INC 9,457 12,070
    TORCHMARK CORP 2,531 4,442
    TORONTO DOMINION 1,834 3,249
    TOTAL FINA ELF S.A. 9,609 9,370
    TOYOTA MTR CORP 2,802 3,388
    TRAVELERS COMPANIES INC 5,046 7,727
    TYCO INTERNATIONAL LTD. 7,197 11,798
    UBS AG 2,286 2,063
    UNIBAIL RODAMCO SE 1,223 1,074
    UNILEVER N V N Y 1,886 1,991
    UNILEVER PLC AMER 1,188 1,052
    UNION PACIFIC 4,456 10,960
    UNITED OVRSEAS BK LTD ADR 5,729 6,581
    UNITED PARCEL SERVICE 8,756 11,006
    UNITED TECHNOLOGIES CORP 6,043 9,545
    UNITED UTILITS ADR 2,483 2,296
    US BANCORP 5,326 8,900
    VALE SA 2,352 1,710
    VALEANT PHARMACEUTICALS INTL 10,055 11,449
    VANGUARD FTSE ALL-WLD EX-US SM 5,837 5,719
    VANGUARD FTSE ALL-WORLD EX-US 29,956 28,819
    VANGUARD FTSE EMERGING MARKETS 21,045 19,210
    VANGUARD HIGH DIV YIELD 47,643 48,881
    VANGUARD MEGA CAP EFT 33,554 34,633
    VANGUARD SF REIT ETF 29,121 34,830
    VANGUARD TOTAL STOCK MARKET ET 44,092 52,258
    VANGUARD UTLTS ETF 5,910 6,653
    VERIZON COMMUNICATIONS 2,681 2,526
    VINCI SA ADR 2,602 1,897
    VIVENDI SA 1,301 1,315
    VODAFONE GROUP PLC 2,707 2,768
    VOLKSWAGEN AG 2,995 3,346
    WAL-MART STORES INC. 9,929 13,569
    WASTE MANAGEMENT INC. 843 975
    WELLS FARGO & CO. 21,851 29,767
    WELLS FARGO ADVTG ABSLT RETURN 66,833 70,518
    WESTPAC BANKING CP 1,189 995
    WISCONSIN ENERGY CP 892 1,055
    WISDOM TREE EUROPE HEDGED EQUI 19,373 19,745
    WISDOMTREE DEFA 14,779 14,381
    WISDOMTREE JAPAN HEDGED EQUITY 16,193 16,000
    WM MORRISON UNSPON ADR 559 510
    WOLTERS KLUWER S/ADR 883 915
    WPP GROUP PLC 3,288 4,476
    YAHOO JAPAN CORP 2,183 2,200
    YARA INTERNATIONAL ASA 1,467 1,322
    ZURICH INS GROU ADR 3,004 5,273

    TY 2014 OtherExpensesSchedule
    Name:
    The F2 Family Foundation Inc
    EIN: 32-0046917
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 17,378     17,378
    Bank Charges 485 485    
    State or Local Filing Fees 25     25


    TY 2014 OtherIncomeSchedule2
    Name:
    The F2 Family Foundation Inc
    EIN: 32-0046917
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Foreign Tax Refund 73 73  


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    The F2 Family Foundation Inc
    EIN: 32-0046917
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 29,753 29,753    


    TY 2014 TaxesSchedule
    Name:
    The F2 Family Foundation Inc
    EIN: 32-0046917
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2014 4,700      
    990-PF Excise Tax for 2013 1,583      
    Foreign Tax Paid 1,835 1,835