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
Charles P Ferro Foundation
 

Number and street (or P.O. box number if mail is not delivered to street address)c/o Bonnie Ferro 88 Sunset Cliff   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Burlington, VT05408
A Employer identification number

22-3253710
B Telephone number (see instructions)

(802) 660-2765
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$5,101,557J 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 108 108  
4 Dividends and interest from securities...... 107,753 107,753  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 506,908
b Gross sales price for all assets on line 6a 1,907,308
7 Capital gain net income (from Part IV, line 2)... 506,908
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).......      
12 Total. Add lines 1 through 11........ 614,769 614,769  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 59,500 12,550   46,950
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,935 2,968   2,967
c Other professional fees (attach schedule).... Click to see attachment 48,705 48,705    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,910 1,910    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,485     3,485
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 638 65   573
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 127,173 66,198   53,975
25 Contributions, gifts, grants paid........ 70,300 185,300
26 Total expenses and disbursements. Add lines 24 and 25 197,473 66,198   239,275
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 417,296
b Net investment income (if negative, enter -0-) 548,571
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.......... 104,801 212,274 212,274
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...........   2,083 2,083
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 4,449,083 Click to see attachment4,297,070 4,297,070
c Investments—corporate bonds (attach schedule)........ 554,446 Click to see attachment590,130 590,130
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) 5,108,330 5,101,557 5,101,557
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................. 440,000 325,000
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).......... 440,000 325,000
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 4,668,330 4,776,557
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)...... 4,668,330 4,776,557
31 Total liabilities and net assets/fund balances (see instructions).. 5,108,330 5,101,557
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 4,668,330
2 Enter amount from Part I, line 27a..................... 2 417,296
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 -309,069
4 Add lines 1, 2, and 3.......................... 4 4,776,557
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 4,776,557
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 1,907,308 0 1,400,400 506,908
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 0 0 0 506,908
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 2 506,908
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 219,193 4,673,651 0.046900
2012 229,549 4,317,506 0.053167
2011 216,938 4,423,990 0.049037
2010 239,126 4,503,650 0.053096
2009 279,966 4,208,623 0.066522
2 Total of line 1, column (d) ...................... 2 0.268722
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 0.053744
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 5,069,875
5 Multiply line 4 by line 3....................... 5 272,475
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,486
7 Add lines 5 and 6......................... 7 277,961
8 Enter qualifying distributions from Part XII, line 4.............. 8 239,275
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 10,971
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 10,971
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 10,971
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 3,663
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.............. Part VI Line 7 - Tax Paid with the Original Return: 3663 7 3,663
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 21
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 7,329
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11  
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)
    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 ofbulletBONNIE FERRO Telephone no.bullet (802) 660-2765
    Located atbullet88 Sunset CliffBurlingtonVT ZIP+4bullet05408
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    BONNIE FERRO CO-EXECUTIVE DIRECTO
    3.00     		25,750 0 0
    88 Sunset Cliff
    Burlington,VT05408
    MARIANNE FERRO CO-EXECUTIVE DIRECTO
    1.00     		25,000 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    VERA DOSKY Trustee
    1.50     		5,750 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    EDWARD FRIEDHOFF Trustee
    0.10     		750 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    JENNIFER FERRO LESSIEU Trustee
    0.10     		750 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    MARC FERRO Trustee
    0.10     		750 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    MAREN FERRO TRIPOLITSIOTIS Trustee
    0.10     		750 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,021,523
    b
    Average of monthly cash balances.......................
    1b
    125,558
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,147,081
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,147,081
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    77,206
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,069,875
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    253,494
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    253,494
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    10,971
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,971
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    242,523
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    242,523
    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
    242,523
    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
    239,275
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    239,275
    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
    239,275
    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 7 242,523
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 71,603
    b From 2010....... 15,222
    c From 2011.......  
    d From 2012....... 15,704
    e From 2013.......  
    fTotal of lines 3a through e......... 102,529
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 239,275
    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..... 239,275
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014. 3,248 3,248
    (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 99,281
    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) ...     		68,355
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		30,926
    10 Analysis of line 9:
    a Excess from 2010.... 15,222
    b Excess from 2011....  
    c Excess from 2012.... 15,704
    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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BONNIE FERRO
    88 Sunset Cliff
    Burlington,VT05408
    (802) 660-2765
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER REQUEST STATING THE ORGANIZATION'S GOALS AND OBJECTIVES AND THE SPECIFIC PURPOSE OF THE GRANT WHICH IS SOUGHT.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    Marian C Bell Foundation for Parkinson's
    1702 Adams Avenue
    Dunmore,PA18509     		  PC OperatingSupport 5,000
    King Street Center
    87 King Street
    Burlington,VT05401     		  PC OperatingSupport 10,000
    Shelburne Farms
    1611 Harbor Road
    Shelburne,VT05482     		  PC OperatingSupport 5,000
    Burlington City Arts
    135 Church Street
    Burlington,VT05401     		  PC OperatingSupport 1,000
    Friends of Appalachia Inc
    35 Pilgrim Lane
    Trumbull,CT06611     		  PC OperatingSupport 5,000
    The Hole in the Wall Gang Camp
    565 Ashford Center Road
    Ashford,CT06278     		  PC OperatingSupport 8,800
    Nova Southeastern University
    3301 College Avenue
    Fort Lauderdale,FL33314     		  PC OperatingSupport 10,000
    City Green
    171 Grove Street
    Clifton,NJ07013     		  PC OperatingSupport 3,000
    Saint Cecilia School
    1186 Newfield Avenue
    Stamford,CT06905     		  PC OperatingSupport 5,000
    Academy of Saint Paul
    187 Wyckoff Avenue
    Ramsey,NJ07446     		  PC OperatingSupport 10,000
    Everybody Wins VT
    25 School Street
    Montpelier,VT05601     		  PC OperatingSupport 2,500
    Columbia University Medical Center Pediatrics
    100 Haven Avenue 29D
    New York,NY10032     		  PC OperatingSupport 2,500
    Children's Literacy Foundation
    1536 Loomis Hill Road
    Waterbury Center,VT05677     		  PC OperatingSupport 1,500
    Ho-Ho-Kus Waldwick Cooperative Nursery School
    400 Warren Avenue
    HoHoKus,NJ07423     		  PC OperatingSupport 1,000
    Total .................................bullet 3a 70,300
    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 ............     		    14 108  
    4 Dividends and interest from securities....     14 107,753  
    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 .............     		    18 506,908  
    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)..   614,769  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13614,769
    (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:  
    Part VI Line 7 - Tax Paid with the Original Return: 3,663


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    Charles P Ferro Foundation
    EIN: 22-3253710
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Wallace W. Tapia, P.C. Accounting Services 5,935 2,968   2,967

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

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    Charles P Ferro Foundation
    EIN: 22-3253710
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Publicly Traded Securities   Purchased   UNRELATED THIRD PARTIES 1,907,308 1,400,400 Cost   506,908  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    Charles P Ferro Foundation
    EIN: 22-3253710
    Name of Bond End of Year Book Value End of Year Fair Market Value
    43,584.979sh Bernstein Intermediate Duration Portfolio 590,130 590,130

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    Charles P Ferro Foundation
    EIN: 22-3253710
    Name of Stock End of Year Book Value End of Year Fair Market Value
    825sh Apache Corporation 51,703 51,703
    2,000sh Coca Cola Common 84,440 84,440
    1,150sh Devon Energy Corporation 70,392 70,392
    1,100sh Facebook Inc. 85,822 85,822
    2,000sh Microsoft Corporation 92,900 92,900
    2,597sh Blackrock HL SC Opp Fund 132,905 132,905
    7,620sh Blackrock Long Horizon Equity Fund 97,164 97,164
    1,772sh Blackrock Global Allocation Fund 35,220 35,220
    3,212sh First Eagle US Value Fund 66,025 66,025
    9,975sh IVA Worldwide Fund 174,270 174,270
    4,542sh IVY Asset Strategy Fund 116,930 116,930
    3,862sh Neuberger Berman Long Short Fund 50,097 50,097
    9,104sh T Rowe Price Capital Appreciation Fund 237,892 237,892
    30sh Actavis PLC 7,722 7,722
    120sh Aetna Inc New 10,660 10,660
    19sh Affiliated Managers Group Inc. 4,033 4,033
    40sh Allergan Inc. 8,504 8,504
    972.839 AllianceBernstein Discovery Value Fund 20,089 20,089
    2,086.318 AllianceBernstein Discovery Growth Fund 19,540 19,540
    91sh Allstate Corporation 6,393 6,393
    170sh Altria Group Inc. 8,376 8,376
    129sh Amdocs Limited 6,018 6,018
    85sh American Electric Power Company 5,161 5,161
    118sh American Express Company 10,979 10,979
    200sh American International Group 11,202 11,202
    80sh American Tower Corporation 7,908 7,908
    100sh Amphenol Corporation 5,381 5,381
    100sh Ansys Inc. 8,200 8,200
    95sh Anthem Inc. 11,939 11,939
    90sh Aon PLC 8,535 8,535
    190sh Apple Inc. 20,972 20,972
    44sh Assurant Inc. 3,011 3,011
    8sh Autozone Inc. 4,953 4,953
    134sh Ball Corporation 9,135 9,135
    625sh Bank of America Corporation 11,181 11,181
    25sh Biogen Idec Inc. 8,486 8,486
    35sh Boeing Company 4,549 4,549
    75sh Booz Allen Hamilton Holdings 1,990 1,990
    325sh Brocade Communications Systems 3,848 3,848
    100sh Capital One Financial Corporation 8,255 8,255
    45sh Chubb Corporation 4,656 4,656
    180sh Comcast Corporation 10,442 10,442
    62sh Costco Wholesale Corporation 8,789 8,789
    120sh CVS Health Corporation 11,557 11,557
    110sh Danaher Corporation 9,428 9,428
    120sh Delta Air Lines Inc. 5,903 5,903
    95sh Dollar General Corporation 6,717 6,717
    120sh Dow Chemical Company 5,473 5,473
    115sh Dr. Pepper Snapple Group Inc. 8,243 8,243
    90sh DTE Energy Company 7,773 7,773
    105sh EBay Inc. 5,893 5,893
    225sh Electronic Arts Inc. 10,578 10,578
    185sh EMC Corporation 5,502 5,502
    20sh EOG Res Inc. 1,841 1,841
    75sh Estee Lauder Companies 5,715 5,715
    16sh Everest RE Group Limited 2,725 2,725
    65sh Facebook Inc. 5,071 5,071
    145sh Fidelity National Information 9,019 9,019
    70sh Fiserv Inc. 4,968 4,968
    675sh Ford Motor Company 10,463 10,463
    17sh F5 Networks Inc. 2,218 2,218
    135sh Gamestop Corporation 4,563 4,563
    130sh Gilead Sciences Inc. 12,254 12,254
    25sh Goldman Sachs Group Inc. 4,846 4,846
    26sh Google Inc. 13,738 13,738
    145sh Hess Corporation 10,704 10,704
    375sh Hewlett Packard Company 15,049 15,049
    115sh Home Depot Inc. 12,072 12,072
    17sh Intercontinental Exchange 3,728 3,728
    13sh Intuitive Surgical Inc. 6,876 6,876
    185sh ITT Corporation 7,485 7,485
    115sh Johnson & Johnson 12,026 12,026
    100sh JPMorgan Chase & Company 6,258 6,258
    132sh Kroger Company 8,476 8,476
    51sh L-3 Communications Holdings 6,437 6,437
    42sh Lockheed Martin Corporation 8,088 8,088
    65sh LyonDellBassell Industries 5,160 5,160
    9sh McKesson Corporation 1,868 1,868
    85sh Mead Johnson Nutrition 8,546 8,546
    24sh Medtronic Inc. 1,733 1,733
    50sh Merck & Company 2,840 2,840
    325sh Microsoft Corporation 15,096 15,096
    55sh Monsanto Company 6,571 6,571
    85sh Monster Beverage Corporation 9,210 9,210
    60sh Murphy Oil Corporation 3,031 3,031
    20sh Netsuite Inc. 2,183 2,183
    100sh Nike Inc. Class B 9,615 9,615
    45sh NXP Semiconductors 3,438 3,438
    135sh Occidental Petroleum 10,882 10,882
    575sh Office Depot Inc. 4,931 4,931
    59sh Oracle Corporation 2,653 2,653
    75sh Partnerre Limited 8,560 8,560
    40sh Pepsico Inc. 3,782 3,782
    404sh Pfizer Inc. 12,585 12,585
    60sh Philip Morris International 4,887 4,887
    35sh Polaris Industries Inc. 5,293 5,293
    15sh Precision Castparts Corporation 3,613 3,613
    7sh Priceline Group 7,981 7,981
    90sh Quintiles Transnational 5,298 5,298
    83sh Raytheon Company 8,978 8,978
    80sh Schlumberger Limited 6,833 6,833
    40sh Servicenow Inc. 2,714 2,714
    39sh Sherwin Williams Company 10,259 10,259
    350sh SLM Corporation 3,567 3,567
    140sh Starbucks Corporation 11,487 11,487
    95sh Time Warner Inc. 8,115 8,115
    65sh Union Pacific Corporation 7,743 7,743
    20sh Unitedhealth Group Inc. 2,022 2,022
    135sh US Bancorp 6,068 6,068
    177sh Valero Energy Corporation 8,762 8,762
    140sh Verizon Communications 6,549 6,549
    50sh Visa Inc. 13,110 13,110
    124sh Walt Disney Company 11,680 11,680
    325sh Wells Fargo & Company 17,817 17,817
    450sh Xerox Corporation 6,237 6,237
    Accrued Dividends 979 979
    13,710.843 Bernstein International Portfolio 205,388 205,388
    1,339.814 Bernstein Emerging Markets Portfolio 35,666 35,666
    33,914.952 Overlay A Portfolio Class 1 414,441 414,441
    23,3813.488 Overlay B Portfolio Class 1 243,869 243,869
    73sh Autonation Inc. 4,410 4,410
    13sh Berkshire Hathaway Inc. 1,952 1,952
    132sh Brookfield Asset Management 6,617 6,617
    5sh Brookfield Properties 114 114
    44sh Brookfield Residential Properties 1,059 1,059
    80sh CBOE Holdings Inc. 5,074 5,074
    48sh Colfax Corporation 2,475 2,475
    14sh Continental Resources Inc. 537 537
    13sh Crimson WIne Group Limited 124 124
    98sh CSX Corporation 3,551 3,551
    63sh Dish Network Corporation 4,592 4,592
    273sh Dream Unlimited Corporation 2,261 2,261
    164sh Dreamworks Animation SKG 3,662 3,662
    167sh Dundee Corporation 1,836 1,836
    32sh Echostar Holding Corporation 1,680 1,680
    15sh Equity Lifestyle Properties 773 773
    48sh Forest City Enterprises 1,022 1,022
    14sh Franco-Nevada Corporation 689 689
    24sh General Growth Properties Inc. 675 675
    2sh Google Inc. 1,057 1,057
    8sh Greenlight Capital 261 261
    124sh Hellenic Exchanges Athens 682 682
    90sh Howard Hughes Corporation 11,738 11,738
    50sh IAC Interactive Corporation 3,040 3,040
    88sh Icahn Enterprises 8,137 8,137
    20sh Imperial Oil Limited 861 861
    2sh Intercontinental Exchange Inc. 439 439
    31sh L Brands Inc. 2,683 2,683
    13sh Lands End Inc. 701 701
    65sh Las Vegas Sands Corporation 3,780 3,780
    14sh Lennar Corporation 627 627
    63sh Leucadia National Corporation 1,412 1,412
    48sh Liberty Broadband Corporation Ser C 2,391 2,391
    24sh Liberty Broadband Corporation Ser A 1,202 1,202
    15sh Liberty Broadband RTS 143 143
    79sh Liberty Interactive Corporation Ventures 2,980 2,980
    165sh Liberty Interactive Coporation Ser A 4,854 4,854
    96sh Liberty Media Corporation Class A 3,386 3,386
    192sh Liberty Media Corporation Class C 6,726 6,726
    56sh Liberty Tripadvisor Holdings Inc. 1,506 1,506
    13sh Madison Square Garden Company 978 978
    103sh McEwen Mining Inc. 114 114
    15sh Norfolk Southern Corporation 1,644 1,644
    41sh Oaktree Capital Group 2,125 2,125
    88sh Onex Corporation 5,135 5,135
    90sh Par Petroleum Corporation 1,463 1,463
    67sh Platform Specialty Products Corporation 1,556 1,556
    30sh Restaurant Brands International 1,171 1,171
    284sh Rouse Properties Inc. 5,260 5,260
    15sh Sears CDA Inc. 144 144
    46sh Sears Holdings Corporation 1,517 1,517
    12sh Sears Hometown & Outlet Stores Inc. 158 158
    94sh Starz Series A 2,792 2,792
    28sh Tourmaline Oil Corporation 929 929
    248sh Tri Pointe Homes Inc. 3,782 3,782
    11sh Tribune Media Company 657 657
    16sh Union Pacific Corporation 1,906 1,906
    19sh Viacom Inc. 1,430 1,430
    11sh Viasat Inc. 693 693
    8sh Visa Inc. 2,098 2,098
    666sh Wendy's Company 6,014 6,014
    57sh WPX Energy Inc. 663 663
    13sh Wynn Resorts Limited 1,936 1,936
    127sh Abbott Laboratories 5,718 5,718
    83sh Abbvie Inc. 5,432 5,432
    41sh Ace Limited 4,710 4,710
    26sh Air Products & Chemicals Inc. 3,750 3,750
    151sh Altria Group Inc. 7,440 7,440
    61sh American Express Company 5,675 5,675
    32sh Anheuser Busch 3,594 3,594
    112sh Apple Inc. 12,363 12,363
    18sh ASML Holdings NV 1,941 1,941
    39sh Automatic Data Processing 3,251 3,251
    16sh Blackrock Inc. 5,721 5,721
    42sh California Res Corporation 231 231
    18sh Canadian Pacific Railway Limited 3,468 3,468
    35sh Caterpillar Inc. 3,204 3,204
    11sh CDK Global Holdings 448 448
    34sh Celgene Corporation 3,803 3,803
    118sh Chevron Corporation 13,237 13,237
    377sh Coca-Cola Company 15,917 15,917
    69sh Comcast Corporation 4,003 4,003
    127sh ConocoPhillips 8,771 8,771
    31sh Diageo PLC 3,537 3,537
    42sh Walt Disney Company 3,956 3,956
    18sh EOG Resources Inc. 1,657 1,657
    192sh Exxon Mobil Corporation 17,750 17,750
    98sh Franklin Resources Inc. 5,426 5,426
    138sh General Electric Company 3,487 3,487
    37sh Gilead Sciences Inc. 3,488 3,488
    104sh Intel Corporation 3,774 3,774
    69sh IBM Corporation 11,070 11,070
    95sh Johnson & Johnson 9,934 9,934
    154sh JPMorgan Chase & Company 9,637 9,637
    22sh Kraft Foods Group 1,379 1,379
    76sh Estee Lauder Companies 5,791 5,791
    77sh McDonalds Corporation 7,215 7,215
    62sh Merck & Company 3,521 3,521
    62sh Mondelez International Inc. 2,252 2,252
    137sh Nestle Corporation 9,994 9,994
    61sh News Corporation 957 957
    39sh Novartis AG 3,614 3,614
    125sh Novo Nordisk ADR 5,290 5,290
    106sh Occidental Petroleum Corporation 8,545 8,545
    90sh Oracle Corporation 4,047 4,047
    66sh Pepsico Inc. 6,241 6,241
    214sh Philip Morris International 17,430 17,430
    24sh Phillips 66 1,721 1,721
    43sh Praxair Inc. 5,571 5,571
    115sh Procter & Gamble Company 10,475 10,475
    65sh Qualcomm Inc. 4,831 4,831
    149sh Roche Holdings 5,065 5,065
    65sh Royal Dutch Shell PLC 4,352 4,352
    68sh Sabmiller PLC 3,506 3,506
    49sh State Street Corporation 3,847 3,847
    52sh Target Corporation 3,947 3,947
    107sh Texas Instruments Inc. 5,721 5,721
    13sh Time Warner Cable 1,977 1,977
    124sh Total S.A. Spons ADR 6,349 6,349
    158sh Twenty-First Century 6,068 6,068
    31sh Union Pacific Corporation 3,693 3,693
    67sh United Technologies Corporation 7,705 7,705
    77sh Wal-Mart Stores Inc. 6,613 6,613
    55sh Walgreens Boots Alliance Inc. 4,191 4,191
    69sh Wells Fargo & Company 3,783 3,783
    32sh Xilinx Inc. 1,385 1,385
    48sh Actelion Limited 1,375 1,375
    141sh Airbus Group ADR 1,740 1,740
    100sh Alliance Global Group 2,475 2,475
    319sh Ambev SA ADR 1,984 1,984
    129sh Anglo American PLC ADR 1,175 1,175
    50sh Anheuser Busch 5,616 5,616
    34sh Ashtead Group PLC 2,438 2,438
    132sh Assa Abloy AB ADR 3,503 3,503
    43sh Associated British Foods Limited 2,104 2,104
    187sh Atlantia SPA 2,164 2,164
    13sh Baidu Inc. ADR 2,964 2,964
    38sh Bayer AG Spons 5,200 5,200
    46sh Bayerische Motoren Werk AG 1,639 1,639
    231sh BB Seguridade ADR 2,773 2,773
    110sh BG Group PLC 1,470 1,470
    46sh BHP Billiton Limited 2,177 2,177
    131sh BNP Paribas ADR 3,849 3,849
    40sh British Amern TOB PLC 4,313 4,313
    228sh China Shenhua Energy Company Limited 2,713 2,713
    254sh CIA Saneamento Basico 1,598 1,598
    125sh Cielo SA Spons 1,965 1,965
    251sh Compagnie Financiere Richemont SA 2,226 2,226
    24sh Daikin Industries Limited 3,101 3,101
    184sh Daiwa House Industries Limited 3,487 3,487
    249sh Estacio Participacoes SA 2,233 2,233
    173sh Informa PLC Spons 2,559 2,559
    144sh Japan Tobacco Inc. 1,977 1,977
    69sh Kasikornbank Pub Co Limited 1,940 1,940
    258sh KDDI Corporation ADR 4,076 4,076
    62sh KOC Holding AS 1,636 1,636
    85sh Komatsu Limited Spons 1,883 1,883
    793sh Lloyds Banking Group PLC 3,680 3,680
    54sh Makita Corporation ADR 2,433 2,433
    57sh Mediclinic International ADR 2,506 2,506
    141sh Mediolanum SPA ADR 1,804 1,804
    131sh Mobile Telesystems Spons ADR 941 941
    81sh MR Price Group Limited 1,660 1,660
    489sh Nampak Limited ADR 1,868 1,868
    87sh Novartis AG Spons 8,061 8,061
    81sh Novo Nordisk AS ADR 3,428 3,428
    23sh NXP Semiconductors NV 1,757 1,757
    69sh Perusahaan Perseroan Persero PT 3,121 3,121
    527sh Piraeus Bank SA ADR 1,149 1,149
    116sh Prudential PLC Spons 5,356 5,356
    100sh Red Electrica Corporacion SA 1,738 1,738
    73sh Rexam PLC Spons 2,543 2,543
    37sh Rolls Royce Holding PLC 2,486 2,486
    52sh Royal Dutch Shell PLC ADR 3,481 3,481
    43sh Ryanair Holdings PLC 3,065 3,065
    68sh Ryohin Keikaku Company ADR 1,683 1,683
    129sh Sampo OYJ-A ADR 3,013 3,013
    37sh Sands China Limited ADR 1,822 1,822
    155sh Sberbank Russia Spons ADR 600 600
    196sh Seven & I Holdings ADR 3,534 3,534
    12sh Shire PLC 2,550 2,550
    17sh Signet Jewelers Limited 2,237 2,237
    124sh Softbank Corporation ADR 3,683 3,683
    467sh Sumitomo Mitsui Financial Group ADR 3,400 3,400
    310sh Sumitomo Mitsui Trust Holdings Inc. ADR 1,169 1,169
    61sh Swatch Group AG ADR 1,350 1,350
    145sh Swedbank AB ADR 3,612 3,612
    285sh Taiwan Semiconductor Manufacturing ADR 6,379 6,379
    84sh Teva Pharmaceutical ADR 4,831 4,831
    253sh Turkcell Iletisim TKC 3,825 3,825
    48sh Unilever PLC Spons 1,943 1,943
    45sh Valeo Spons ADR 2,787 2,787
    451sh Wolseley PLC Jersey Spons ADR 2,593 2,593
    57sh Wolters Kluwer NV Spons 1,733 1,733
    25sh Ace Limited 2,872 2,872
    128sh Activision Blizzard Inc. 2,579 2,579
    31sh Agilent Technologies Inc. 1,269 1,269
    35sh Amazon Company Inc. 10,862 10,862
    157sh American Express Company 14,607 14,607
    440sh Bank New York Mellon Corporation 17,851 17,851
    80sh Berkshire Hathaway Inc. 12,012 12,012
    80sh Brookfield Asset Management 4,010 4,010
    140sh Canadian Natural Resources Limited 4,323 4,323
    88sh Carmax Inc. 5,859 5,859
    69sh Costco Wholesale Corporation 9,781 9,781
    38sh Diageo PLC Spons 4,335 4,335
    39sh Ecolab Inc. 4,076 4,076
    216sh Encana Corporation 2,996 2,996
    96sh EOG Resources Inc. 8,839 8,839
    99sh Express Scripts Holdings Company 8,382 8,382
    26sh Google Inc. 13,742 13,742
    82sh JPMorgan Chase & Company 5,132 5,132
    15sh Keysight Technologies Inc. 507 507
    51sh Laboratory Corporation of America Holdings 5,503 5,503
    114sh Las Vegas Sands Corporation 6,630 6,630
    158sh Liberty Global PLC 7,633 7,633
    11sh Liberty Interactive Corporation Ventures 415 415
    82sh Liberty Interactive Corporation Ser A 2,412 2,412
    121sh Loews Corporation 5,084 5,084
    60sh Microsoft Corporation 2,787 2,787
    20sh Moody's Corporation 1,916 1,916
    80sh Oracle Corporation 3,598 3,598
    44sh Paccar Inc. 2,992 2,992
    44sh Praxair Inc. 5,701 5,701
    3sh Priceline Group Inc. 3,421 3,421
    52sh Quest Diagnostics Inc. 3,487 3,487
    120sh Charles Schwab Corporation 3,623 3,623
    56sh Sysco Corporation 2,223 2,223
    104sh Texas Instruments Inc. 5,560 5,560
    172sh Ultra Petroleum Corporation 2,264 2,264
    94sh Unitedhealth Group Inc. 9,502 9,502
    27sh Valeant Pharmaceuticals International 3,864 3,864
    12sh Visa Inc. 3,146 3,146
    299sh Wells Fargo & Company 16,392 16,392
    86sh Actavis PLC 22,137 22,137
    186sh ADT Corporation 6,739 6,739
    74sh AMC Networks Inc. 4,719 4,719
    240sh Anadarko Petroleum Corporation 19,800 19,800
    219sh Autodesk Inc. 13,153 13,153
    51sh Biogen IDEC Inc. 17,312 17,312
    323sh Broadcom Corporation 13,996 13,996
    720sh Cablevision Systems NV Group 14,861 14,861
    123sh Citrix Systems Inc. 7,847 7,847
    549sh Comcast Corporation 31,603 31,603
    386sh Cree Inc. 12,437 12,437
    104sh Dolby Laboratories Inc. 4,484 4,484
    193sh Fluor Corporation 11,702 11,702
    194sh Freeport-McMoran Inc. 4,532 4,532
    433sh Immunogen Inc. 2,641 2,641
    111sh ISIS Pharmaceuticals 6,853 6,853
    147sh L-3 Communications Holdings Inc. 18,553 18,553
    22sh Liberty Broadband Corporation Ser C 1,096 1,096
    11sh Liberty Broadband Corporation Ser A 551 551
    40sh Liberty Interactive Corporation Ventures 1,509 1,509
    283sh Liberty Interactive Corporation Ser A 8,326 8,326
    45sh Liberty Media Corporation Class A 1,587 1,587
    91sh Liberty Media Corporation Class C 3,188 3,188
    112sh National Oilwell Varco Inc. 7,339 7,339
    155sh Now Inc. 3,988 3,988
    278sh Nuance Communications Inc. 3,967 3,967
    244sh Nucor Corporation 11,968 11,968
    151sh Pall Corporation 15,283 15,283
    97sh Pentair PLC 6,443 6,443
    135sh Sandisk Corporation 13,227 13,227
    298sh Seagate Technology PLC 19,817 19,817
    63sh Starz Series A 1,871 1,871
    298sh TE Connectivity Limited 18,849 18,849
    294sh Tyco International PLC 12,895 12,895
    295sh Unitedhealth Group Inc. 29,822 29,822
    80sh Vertex Pharmaceuticals Inc. 9,504 9,504
    1,430sh Weatherford International PLC 16,373 16,373

    TY 2014 OtherExpensesSchedule
    Name:
    Charles P Ferro Foundation
    EIN: 22-3253710
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office & Computer Expenses 386 39   347
    New York State Corporate Fee 250 25   225
    Miscellaneous 2 1   1


    TY 2014 OtherIncreasesSchedule
    Name:
    Charles P Ferro Foundation
    EIN: 22-3253710
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    Charles P Ferro Foundation
    EIN: 22-3253710
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Merrill Lynch Advisory Services Investment Management 19,574 19,574    
    Wells Fargo Advisory Services Investment Management 21,274 21,274    
    Bernstein Wealth Management Investment Management 7,857 7,857    


    TY 2014 TaxesSchedule
    Name:
    Charles P Ferro Foundation
    EIN: 22-3253710
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Excise Taxes Paid 7,000      
    Foreign Taxes & ADR Fees 1,910 1,910