TY 2014 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	43,775	13,865	13,865
	2	Savings and temporary cash investments..........	7,731	4,489	4,489
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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)........	624,369	458,455	425,382
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	675,875	476,809	443,736
	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 )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	203,400	203,400
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	472,475	273,409
	30	Total net assets or fund balances (see instructions)......	675,875	476,809
	31	Total liabilities and net assets/fund balances (see instructions)..	675,875	476,809

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	675,875
2	Enter amount from Part I, line 27a.....................	2	-303,869
3	Other increases not included in line 2 (itemize)	3	105,705
4	Add lines 1, 2, and 3..........................	4	477,711
5	Decreases not included in line 2 (itemize)	5	902
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	476,809

(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	SANDRIDGE ENERGY INC		2013-12-30	2014-02-11
b	NORTHSTAR REALTY FIN CP REIT		2014-02-19	2014-02-20
c	NORTHSTAR REALTY FIN CP REIT		2012-06-06	2014-02-20
d	DIEBOLD INC		2014-02-25	2014-02-27
e	TWO HARBORS INVESTMENT		2014-02-25	2014-02-27
	IKANOS COMMUNICATIONS		2014-01-01	2014-04-30
	TEEKAY OFFSHORE		2014-05-16	2014-05-19
	AEGON NV		2007-09-14	2014-05-12
	SEVENTY SEVEN ENERGY		2014-05-22	2014-07-02
	NORTHSTAR ASSET MANAGEMENT		2012-06-04	2014-07-18
	CHIMERA INVESTMENT CORP		2014-06-06	2014-08-13
	CHESAPEAKE ENERGY		2014-05-22	2014-08-20
	AT&T		2014-05-16	2014-08-25
	ALLIANCE BERNSTEIN GLOBAL		2013-05-21	2014-08-25
	APPLE INC		2014-01-01	2014-09-15
	UNILIFE CORP		2014-10-10	2014-10-13
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price	(f) Depreciation allowed (or allowable)	(h) Gain or (loss) (e) plus (f) minus (g)
a	6,155	5,939	216
b	6,054	5,988	66
c	11,350	3,316	8,034
d	9,241	9,056	185
e	10,331	10,177	154
	6,001	12,004	-6,003
	35,410	34,913	497
	127,088	125,000	2,088
	1,768	1,619	149
	132,379	25,266	107,113
	3,819	3,928	-109
	13,047	13,268	-221
	34,510	36,627	-2,117
	13,881	16,954	-3,073
	44,121	43,918	203
	13,285	11,316	1,969
	965		965

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	110,116
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 . . . . . . . . . . . . . . . .	3

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
2013	34,285	738,501	0.046425
2012	52,275	699,787	0.074701
2011	41,410	707,219	0.058553
2010	41,162	616,801	0.066735
2009	44,725	443,415	0.100865

2	Total of line 1, column (d) ......................	2	0.347279
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	0.069456
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	700,859
5	Multiply line 4 by line 3.......................	5	48,679
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,512
7	Add lines 5 and 6.........................	7	50,191
8	Enter qualifying distributions from Part XII, line 4..............	8	464,773
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.

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,512
	hereand 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	1,512
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	1,512
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a
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	0
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.	8	20
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9	1,532
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
CHARLES B ISRAEL	DIRECTOR 2.00	0	0	0
PO BOX 505 WOODY CREEK,CO81656

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7					33,531
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	23,476
b From 2010.......	11,214
c From 2011.......	6,984
d From 2012.......	18,178
e From 2013.......
fTotal of lines 3a through e.........		59,852
4Qualifying distributions for 2014 from Part
XII, line 4: $ 464,773
a Applied to 2013, but not more than line 2a					0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2014 distributable amount.....					33,531
e Remaining amount distributed out of corpus		431,242
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		491,094
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...		23,476
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		467,618
10 Analysis of line 9:
a Excess from 2010....	11,214
b Excess from 2011....	6,984
c Excess from 2012....	18,178
d Excess from 2013....
e Excess from 2014....	431,242

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
A WAY OUT PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
ACLU PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
ADAMS CAMP PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
AMERICAN CANCER SOCIETY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	RESEARCH	200
AMERICAN FESTIVAL FOR ARTS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
AMERICAN HEART ASSOCIATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	RESEARCH	125
AMERICAN INSTITUTE FOR CANCER RESEARCH PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
AMERICAN MUSEUM OF NATURAL HISTORY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
AMERICAN RED CROSS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
AMERICAN UNITED PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	125
ASPCA PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	50
ASPEN COMMUNITY FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	350
ASPEN FILMFEST PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	EDUCATIONAL	100
ASPEN HISTORICAL SOCIETY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
ASPEN JEWISH CONGREGATION ASPEN CO PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	RELIGIOUS	2,000
ASPEN MUSIC FESTIVAL AND SCHOOL PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	700
ASPEN VALLEY LAND TRUST PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
ASPEN VALLEY MEDICAL FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	RESEARCH	1,000
BARD GRADUATE CENTER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	EDUCATIONAL	1,100
BROOKLYN MUSEUM PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
BUFFALO BILL HISTORICAL CENTER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
CARAMOOR CENTER FOR MUSIC PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	1,200
CAREER BRIDGES PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
CENTRAL PARK CONSERVANCY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	350
CHRIST EPISCOPAL CHURCH PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	EDUCATIONAL	150
COALITION FOR THE HOMELESS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
COLORADO ANIMAL RESCUE PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	75
COLUMBIA GRAMMAR & PREP SCHOOL PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	EDUCATIONAL	200
COMPASSION AND CHOICES PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
CREATIVE CONNECTIONS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
DARTMOUTH COLLEGE PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	460
DOCTORS WITHOUT BORDERS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	250
DUCKS UNLIMITED PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	250
EASTER SEALS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
FRIENDS OF BEN ALEL PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	125
FRIENDS OF THE 92ST Y PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
FUND FOR SYRACUSE PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	EDUCATIONAL	200
GARMENT CTR CONGREGATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	RELIGIOUS	175
GRAND STREET SETTLEMENT HOUSE PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
GUIDING EYES FOR THE BLIND PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	50
HABITAT FOR HUMANITY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	125
HENRY STREET SETTLEMENT PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	500
HOPE HOSPICE PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	250
HOSPICE OF THE VALLEY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
INTERNATIONAL CENTER OF PHOTOGRAPHY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
JEWISH BRAILLE INSTITUTE INTL PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	EDUCATIONAL	250
JEWISH HOME AND HOSPITAL FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	250
JONUS CENTER FOR EXCELLENCE PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	500
JUSTIN ISRAEL CHARITY FOUNDATION 150 CENTRAL PARK SOUTH STE 1601 NEW YORK,NY10019	NONE	EXEMPT ORGANIZATION	CHARITABLE	426,742
LAWYERS FOR CHILDREN PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	300
LEUKEMIA & LYMPHOMA SOCIETY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
MD ANDERSON CANCER RESEARCH PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	1,000
MAKE A WISH FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
MARCH OF DIMES PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
MARK ROSS MONTESSORI FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
MEMORIAL SLOAN KITTING CANCER CENTER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
METROPOLITAN MUSEUM OF ART PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	450
METROPOLITAN OPERA FUND PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	400
MULTIPLE MYELOME FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
MUSEUM OF ART AND DESIGN PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	125
MUSEUM OF MODERN ART PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	360
NATIONAL AUDUBON SOCIETY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	25
NATIONAL GEOGRAPHIC FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	69
NATIONAL JEWISH HEALTH PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	RESEARCH	1,000
NATIONAL PARKS CONSERVATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	50
NATIONAL WILDLIFE FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	50
NAVY LEAGUE OF THE US PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	65
ONE HEARTLAND PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
OTHER DONATIONS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	675
PATHFINDERS FOR CANCER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	1,000
PFLAG PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
PLANNED PARENTHOOD FEDERATION OF AMERICA PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
ROARING FORK CONSERVANCY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
ROCKY MOUNTAIN ANIMAL RESCUE PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	1,000
ROCKY MOUNTAIN PBS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	400
SECOND STAGE THEATER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
SIERRA CLUB FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
SKI FOR THE CURE COLORADO PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	1,000
ST JOSEPH'S INDIAN SCHOOL PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	210
ST JUDE CHILDRENS HOSPITAL PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
STUDENT ADVOCACY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	250
SUSAN G KOMEN FOUNDATIONS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	675
SYMPHONE SPACE PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
SYRACUSE UNIVERSITY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
THE ASPEN INSTITUTE PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	1,500
THE JEWISH MUSEUM PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	RESEARCH	150
THE NATURE CONSERVANCY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
THE SALVATION ARMY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	125
THE SUMMER CAMP PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	EDUCATION	300
THE WILDERNESS SOCIETY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
THINK DEVELOPMENT PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	350
TIBET HOUSE PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
TROUT UNLIMITED PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
TX ART PARK PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
UNITED JEWISH APPEAL PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	5,000
UNIVERSITY OF MICHIGAN PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	500
VERMONT LAND TRUST PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
WESTCHESTER ARC PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	850
WESTERN SLOPE FOOD BANK PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
WILDLIFE CONSERVATION SOCIETY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
WORLD JEWISH CONGRESS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	300
WORLD WILDLIFE FUND PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	25
YALE ALUMNI FUND PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	EDUCATIONAL	1,175
Total ................................. 3a				463,481

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............	9,700
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	10,546		10,546
4	Dividends and interest from securities......	31,861		31,861
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		110,116
b	Gross sales price for all assets on line 6a 469,405
7	Capital gain net income (from Part IV, line 2)...			110,116
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).......		159	159
12	Total. Add lines 1 through 11........	162,382		152,682
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		185	185	0
b	Accounting fees (attach schedule).......		2,450	1,225	1,225
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		135	68	67
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,770		1,478	1,292
25	Contributions, gifts, grants paid........	463,481			463,481
26	Total expenses and disbursements. Add lines 24 and 25	466,251		1,478	464,773
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-303,869
b	Net investment income (if negative, enter -0-)			151,204
c	Adjusted net income (if negative, enter -0-)...

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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	(e) Total

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

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	(e) Related or exempt function income (See instructions.)
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	10,546
4 Dividends and interest from securities....			14	31,861
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property .............
7 Other investment income.....			14	159
8 Gain or (loss) from sales of assets other than inventory .............			18	110,116
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		152,682	0

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			216
b			66
c			8,034
d			185
e			154
			-6,003
			497
			2,088
			149
			107,113
			-109
			-221
			-2,117
			-3,073
			203
			1,969
			965

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	34,285	738,501	0.046425
2012	52,275	699,787	0.074701
2011	41,410	707,219	0.058553
2010	41,162	616,801	0.066735
2009	44,725	443,415	0.100865

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
CHARLES B ISRAEL	DIRECTOR 2.00	0	0	0
PO BOX 505 WOODY CREEK,CO81656	DIRECTOR 2.00	0	0	0

bApproved for future payment

Total ................................. 3b				0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AEGON	0	0
ALI BERNSTEIN GLOBAL	0	0
ALPS TRUST	17,638	17,520
ARES CAPITAL	83,722	87,640
AT&T INC.	30,013	26,872
BLACKROCK KELSO	27,444	24,436
COHEN STEERS QUALIFY	18,779	20,723
IKANOS COMMUNICATIOINS	0	0
JPM EXCH TRADED NT	23,824	22,975
LINN ENERGY	41,892	16,208
NORTHSTAR REALTY	135,681	140,640
SCHWAB 5893 7724	9,538	9,118
VORNADO REALTY	30,152	31,750
YORKVILLE HI INCOME	39,772	27,500

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

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Software ID:
Software Version:

Description	Amount