TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
KINGS DAUGHTERS HOME FOR OLD PEOPLE

Number and street (or P.O. box number if mail is not delivered to street address)C/O TWO RIVERS BANK 222 N MAIN Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BURLINGTON, IA52601

A Employer identification number

42-0627329

B Telephone number (see instructions)

(319) 753-9130

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$8,943,884J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	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)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............	7,188,279
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	186,245		186,245	186,245
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		25,627
b	Gross sales price for all assets on line 6a 991,978
7	Capital gain net income (from Part IV, line 2)...			41,717
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).......		61,938		61,938
12	Total. Add lines 1 through 11........	7,462,089		227,962	248,183
13	Compensation of officers, directors, trustees, etc.	38,279		38,279		25,519
14	Other employee salaries and wages......	129,860		56,047		86,573
15	Pension plans, employee benefits.......	10,451		3,484		6,967
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,520	2,520
c	Other professional fees (attach schedule)....		2,447	2,447
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		95	95
19	Depreciation (attach schedule) and depletion...		12,163
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		81,678	609	20,420	60,649
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	277,493		103,481	20,420	179,708
25	Contributions, gifts, grants paid........	181,838				181,838
26	Total expenses and disbursements. Add lines 24 and 25	459,331		103,481	20,420	361,546
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	7,002,758
b	Net investment income (if negative, enter -0-)			124,481
c	Adjusted net income (if negative, enter -0-)...				227,763

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2014)

Form 990-PF (2014)

Page 2

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...............	2	1	1
	2	Savings and temporary cash investments..........	63,086	391,384	391,384
	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)	6,264	5,579	6,204
	b	Investments—corporate stock (attach schedule)........	742,523	4,893,263	5,046,068
	c	Investments—corporate bonds (attach schedule)........	421,529	1,396,698	1,380,385
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	534,059	2,095,459	2,002,865
	14	Land, buildings, and equipment: basis 402,711
		Less: accumulated depreciation (attach schedule) 285,734	129,140	116,977	116,977
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,896,603	8,899,361	8,943,884
	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
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................	1,896,603	8,899,361
	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.........
	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)......	1,896,603	8,899,361
	31	Total liabilities and net assets/fund balances (see instructions)..	1,896,603	8,899,361

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	1,896,603
2	Enter amount from Part I, line 27a.....................	2	7,002,758
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	8,899,361
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	8,899,361

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.)
1a
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
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

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	41,717
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

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? Yes No

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	133,934	1,800,778	0.074376
2012	133,130	1,888,150	0.070508
2011	127,944	1,937,138	0.066048
2010	119,822	1,981,767	0.060462
2009	120,471	1,880,056	0.064078

2	Total of line 1, column (d) ......................	2	0.335472
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	0.067094
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	5,277,382
5	Multiply line 4 by line 3.......................	5	354,081
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,245
7	Add lines 5 and 6.........................	7	355,326
8	Enter qualifying distributions from Part XII, line 4..............	8	361,546
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)

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	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	1,245
	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
3	Add lines 1 and 2...........................	3	1,245
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	1,245
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	483
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	483
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	762
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

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Yes

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

TWO RIVERS BANK TRUST Telephone no. bullet

(319) 753-9130

Located at bullet

222 N MAIN STBURLINGTONIA ZIP+4 bullet

52601

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
OLIVE SULLIVAN	PRESIDENT 2.00	0	0	0
222 N MAIN BURLINGTON,IA52601	PRESIDENT 2.00	0	0	0
BETTY EVANS	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
MARY HART	RECORDING SE 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	RECORDING SE 1.00	0	0	0
MARILYN GARRETT	CORRSPNDG SE 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	CORRSPNDG SE 1.00	0	0	0
KAY KENT	TREASURER 2.00	0	0	0
222 N MAIN BURLINGTON,IA52601	TREASURER 2.00	0	0	0
JUDY BROCKET	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
PAT LATTY	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
CHARLOTTE COURSEY	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
MARY DISSELHORST	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
MONIKA DOWELL	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
KAY JACOBS	VICE PRESIDE 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	VICE PRESIDE 1.00	0	0	0
JEANETTE FISHER	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
LOIS FORT	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
GLORIA JEWETT	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
PAT ANDERSON	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
PHYLLIS ROXLAU	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
SHARON WALDEN	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
DORIS MOSELY-JOHNSON	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
JUDY TOMKINS	DIRECTOR 1.00	0	0	0
222 N MAIN BURLINGTON,IA52601	DIRECTOR 1.00	0	0	0
TWO RIVERS BANK TRUST	TRUSTEE 5.00	38,279	0	0
222 N MAIN BURLINGTON,IA52601	TRUSTEE 5.00	38,279	0	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...................

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............. 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	OPERATION OF A FACILITY FOR THE LONG-TERM CARE, COMFORT AND MAINTENANCE OF ELDERLY PERSONS	280,611
2


3	PROVIDING CHRISTMAS GIFTS TO NURSING HOME PATIENTS THAT WOULD OTHERWISE NOT RECEIVE ANY GIFTS	1,375
4

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	N/A
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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

5,131,245

Average of monthly cash balances.......................

226,503

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

5,357,748

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

5,357,748

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

80,366

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

5,277,382

Minimum investment return. Enter 5% of line 5..................

263,869

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2014 from Part VI, line 5......

Income tax for 2014. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

361,546

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

361,546

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).................

1,245

Adjusted qualifying distributions. Subtract line 5 from line 4..............

360,301

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)

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
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.......
b From 2010.......
c From 2011.......
d From 2012.......
e From 2013.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2014 from Part
XII, line 4: $ 361,546
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.....
e Remaining amount distributed out of corpus		361,546
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		361,546
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 ..........
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 ......
10 Analysis of line 9:
a Excess from 2010....
b Excess from 2011....
c Excess from 2012....
d Excess from 2013....
e Excess from 2014....

Form 990-PF (2014)

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 section4942(j)(3) or4942(j)(5)

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
	0				0
b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....	361,546	134,020	133,815	128,617	757,998
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 ....	361,546	134,020	133,815	128,617	757,998
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...	175,913	60,026	62,939		298,878
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
VARIOUS NURSING HOME PATIENTS VARIOUS BURLINGTON,IA52601	NONE		PROVIDE CHRISTMAS GIFTS	1,375
KING'S DAUGHTERS HOME FOR OLD PEOPL 628 S LEEBRICK BURLINGTON,IA52601			CAPITAL IMPROVEMENTS	180,463
Total ................................. 3a				181,838

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
aROOM AND BOARD FOR ELDERLY					61,938
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............
4 Dividends and interest from securities....			14	186,245
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	41,717	-16,090
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)..				227,962	45,848

13Total. Add line 12, columns (b), (d), and (e)..................

13273,810

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
1A	THE ORGANIZATION OPERATES A RETIREMENT HOME FOR THE CARE
1A	COMFORT AND MAINTENANCE OF THE ELDERLY, AND COLLECTS ROOM
1A	AND BOARD FROM RESIDENTS AS A PARTIAL OFFSET TO THE
1A	FACILITY'S OPERATING EXPENSES

Form 990-PF (2014)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

Yes

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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
1a(1)	409,085	KING'S DAUGHTERS HOME	THIS ENTITY SERVES A A 501(C)(2) TITLE HOLDING ENTITY FOR THE KINGS DAUGHTERS HOME FOR OLD PEOPLE. DURING THE YEAR, EXCESS CASH FUNDS ARE TRANSFERRED TO THE TRUST FOR INVESTMENT AND ALL INVESTMENT INCOME IS TRANSFERRED BACK TO THE HOME ON A QUARTERLY BASIS.

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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.

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 AccountingFeesSchedule

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES	2,520	2,520

- TIN:

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

TY 2014 DepreciationSchedule

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
ELEVATOR	1990-08-16	19,143	19,143	S/L	10.0000
ELEVATOR MOTOR	1994-07-13	1,525	1,525	S/L	10.0000
TV	1992-11-12	891	891	S/L	10.0000
AMANA FREEZER	1994-10-11	662	662	S/L	10.0000
AMANA AIR CONDITIONER	1994-10-11	715	715	S/L	10.0000
CURIO TABLE	1995-06-14	481	481	S/L	10.0000
AIR CONDITIONER & FURNACE	1996-12-10	9,235	9,235	S/L	10.0000
APPLIANCES	1998-03-10	1,831	1,831	S/L	10.0000
ROCKING CHAIR	1999-06-09	86	86	S/L	10.0000
VACUUM	1999-08-10	532	532	S/L	10.0000
CLOTHES DRYER	2003-03-11	364	347	S/L	10.0000
MAYTAG REFRIGERATOR	2005-08-01	1,182	1,005	S/L	10.0000	118
REFINISHING FURNITURE	2006-08-17	3,786	3,786	S/L	7.0000
MAYTAG DISHWASHER	2006-09-12	576	576	S/L	7.0000
CROSLEY 20 CU FT FREEZER	2007-11-13	760	706	S/L	7.0000	54
RANGE	2008-02-12	434	310	S/L	7.0000	31
FLAT SCREEN TV	2008-02-12	1,567	1,120	S/L	7.0000	112
REFRIGERATOR	2008-09-09	535	463	200DB	7.0000	48
FAUCET & VANITY CABINET	2008-12-22	509	441	200DB	7.0000	45
FREEZER	2009-06-20	1,308	1,016	200DB	7.0000	117
DISHWASHER	2009-09-08	567	441	200DB	7.0000	50
COMPUTER SYSTEM	2011-01-11	762	630	200DB	5.0000	88
REMODELING IMPRVMNT	1990-06-30	28,083	28,083	S/L	15.0000
REMODELING	1991-09-11	3,144	3,144	S/L	15.0000
ELECTRICAL WORK	1992-04-17	4,922	4,922	S/L	15.0000
ASPHALT DRIVEWAY	1993-05-13	1,600	1,600	S/L	15.0000
REMODELING	1992-08-13	871	871	S/L	15.0000
CARPET	1992-10-14	398	398	S/L	15.0000
REMODELING	1992-12-23	7,300	7,300	S/L	15.0000
REMODELING	1993-02-12	9,916	9,916	S/L	15.0000
WIRING	1993-02-12	316	316	S/L	15.0000
PLUMBING	1993-03-12	3,890	3,890	S/L	15.0000
CARPET	1993-03-10	793	793	S/L	15.0000
WIRING	1993-03-10	3,342	3,342	S/L	15.0000
REMODELING	1992-10-14	1,829	1,829	S/L	15.0000
ROOF	1994-09-14	12,330	12,330	S/L	15.0000
2ND STORY BATHROOM	2009-12-09	1,083	444	150DB	15.0000	64
INTERIOR REMODELING	1996-07-29	19,935	19,935	S/L	15.0000
CARPET	1996-12-18	1,957	1,957	S/L	15.0000
KITCHEN REMODEL	1997-12-09	20,379	20,379	S/L	15.0000
CARPET	1998-03-03	2,049	2,049	S/L	15.0000
INTERIOR REMODELING	1997-04-08	10,517	10,517	S/L	15.0000
HANDRAIL	1997-05-13	4,233	4,233	S/L	15.0000
REMODEL	1998-12-08	1,950	1,950	S/L	15.0000
SIDEWALK	1999-04-13	1,225	1,184	S/L	15.0000	41
NEW SIGN	1999-06-11	60	58	S/L	15.0000	2
ENTRY DOOR/GARAGE	1999-07-13	374	362	S/L	15.0000	12
CEILING FANS	1999-07-13	254	246	S/L	15.0000	8
CEILING FANS	1999-08-10	1,285	1,242	S/L	15.0000	43
CARPET	1999-08-19	2,000	1,933	S/L	15.0000	67
WINDOW	1999-10-12	259	251	S/L	15.0000	8
CARPET	1999-11-09	446	431	S/L	15.0000	15
DEPOSIT ON PORCH	2000-01-12	600	580	S/L	15.0000	20
GARAGE DOOR W/ OPENER	2000-01-12	918	888	S/L	15.0000	30
CONCRETE	2000-02-08	1,975	1,909	S/L	15.0000	66
STORM WINDOWS	2000-05-09	2,948	2,654	S/L	15.0000	196
STORM DOORS	2000-06-14	494	445	S/L	15.0000	33
SERVICE TO 2ND FLOOR	2001-01-10	432	389	S/L	15.0000	29
LANDSCAPING	2001-05-09	2,354	1,962	S/L	15.0000	157
CARPET RM 11	2004-06-08	450	243	S/L	15.0000	15
RE ROOF HOUSE/GARAGE	2004-07-09	16,650	8,986	S/L	15.0000	555
BASEMENT REMODEL - BEAUTY SHOP	2004-05-12	11,065	5,974	S/L	15.0000	369
REMODEL/RECONSTRUCTION	2006-05-31	27,769	13,885	S/L	15.0000	1,851
HEAT & SMOKE DETECTORS	2006-04-26	7,920	3,960	S/L	15.0000	528
CARPETING	2006-05-03	3,887	1,943	S/L	15.0000	260
WATER HEATER	2006-05-09	3,591	1,795	S/L	15.0000	240
CONCRETE WORK; WALL SIDEWALK DRIVEWAY	2007-06-04	5,930	2,569	S/L	15.0000	395
BOILER	2007-10-09	11,997	5,198	S/L	15.0000	800
PARKING BLOCKS	2007-12-06	450	195	S/L	15.0000	30
SOUTH SIDE BATH REMODEL	2008-06-10	14,703	12,734	200DB	7.0000	1,313
WEST WALL CONSTRUCTION	2008-06-10	907	785	200DB	7.0000	81
BIDET	2008-06-19	551	477	200DB	7.0000	49
CARPETING	2008-08-12	1,320	1,143	200DB	7.0000	118
ARBOR	2009-06-09	270	111	150DB	15.0000	16
REPLACEMENT SIDEWALK	2009-12-08	350	144	150DB	15.0000	20
POOL REPAIRS	2010-05-14	8,000	2,557	150DB	15.0000	544
ASPHALT DRIVEWAY	2010-05-11	8,755	2,798	150DB	15.0000	596
FLAG POLE & LIGHTING	2010-11-09	1,202	827	200DB	7.0000	107
ELEVATOR REPAIR	2012-03-14	5,083	1,059	S/L	10.0000	508
FURNITURE	2011-10-11	1,619	911	200DB	7.0000	203
KITCHEN & BAHROOM WINDOWS	2012-03-14	2,851	149	S/L	39.0000	73
2ND FLR BATHROOM	2012-04-11	23,715	1,191	S/L	39.0000	608
PORCH / DECK	2012-08-16	16,667	694	S/L	39.0000	428
COUNTER TOP STOVE/OVEN	2013-11-01	2,766	1,581	200DB	7.0000	338
MICROWAVE	2013-11-01	281	161	200DB	7.0000	34
TABLE & CHAIRS	2013-11-01	1,200	686	200DB	7.0000	147
KITCHEN REMODEL	2013-12-01	18,850	141	S/L	39.0000	483

- TIN:

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

TY 2014 GainLossSaleOtherAssetsSch

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
ASTON TAMRO	2014-06	PURCHASE	2014-11	91,304	89,883	1,421
PETSMART	2014-06	PURCHASE	2015-02	49,469	40,031	9,438
BOEING	2009-08	PURCHASE	2015-02	50,000	50,000
CISCO	2012-10	PURCHASE	2014-06	9,760	7,812	1,948
EXELON	2011-05	PURCHASE	2014-06	3,731	4,273	-542
EXXONMOBIL	2009-07	PURCHASE	2014-04	5,086	3,466	1,620
GNMA POOL	2003-12	PURCHASE	2014-07	606	685	-79
KINDER MORGAN MGMT LLC	2009-07	PURCHASE	2014-07	14,323	7,020	7,303
KINDER MORGN INC	2009-08	PURCHASE	2014-12	2	2
PIMCO TOTAL RETURN	2010-04	PURCHASE	2014-11	256,024	254,153	1,871
PAYCHEX	2009-07	PURCHASE	2014-09	21,165	17,537	3,628
ETF PSH BANK	2012-12	PURCHASE	2014-07	61,474	63,214	-1,740
SPDR BARCLAYS	2012-08	PURCHASE	2014-06	30,124	30,280	-156
TEMPLETON GLOBAL INCOME	2010-04	PURCHASE	2014-06	217,005	214,772	2,233
VAN ECK	2013-09	PURCHASE	2015-02	140,188	183,223	-43,035

- TIN:

TY 2014 InvestmentsCorpBondsSchedule

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ANHEUSER BUSCH	100,878	101,724
APPLE	100,393	102,240
AT&T	105,367	105,939
BERKSHIRE HATHAWAY	51,003	50,993
BERSHIRE HATHAWAY
BN SANTA FE	57,883	59,148
BOEING
EMC CORP	50,466	51,347
GCB MERCK	50,179	49,905
GE CAPITAL CORP	50,624	51,171
GOLDMAN SACHS
HD	102,103	103,303
INTEL	102,904	106,452
LEHMAN BROTHERS HOLDING	36,874
MORGAN STANLEY 5.375%	24,970	25,611
OCCIDENTAL PETROLEUM	50,339	51,883
ORACLE	107,188	109,567
PHILLIP MORRIS	50,619	50,711
RAYTHEON	103,278	105,478
TARGET	100,815	102,467
WALMART	100,785	102,206
WELLS FARGO	50,030	50,240

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADR BAIDU	43,692	41,680
APPLE	42,461	49,772
ARBRITRAGE FUND
AUTODESK
BARON EMER MKTS	179,766	171,825
BERKSHIRE HATHAWAY CLASS B	42,208	57,728
BLACKROCK	14,646	14,634
CEF	269,626	288,229
CISCO
COLUMBIA ACORN	260,315	234,496
COMPASS MINERALS	26,289	27,963
CONOCOPHILLIPS	40,158	31,130
DELAWARE SMALL CAP	90,000	90,043
DISCOVER FINANCIAL	42,226	45,080
EBAY	27,116	28,840
ETF PSH BANK LOAN
ETF VANGUARD REIT	254,876	290,532
EXELON CORP
EXPRESS SCRIPTS	30,876	34,708
EXXON MOBIL
GE	17,547	17,367
GENERAL DYNAMICS	28,978	40,719
GOOGLE	38,252	38,829
HARBOR INTERNATIONAL	371,114	381,781
HONEYWELL	28,821	31,293
IQ GLOBAL RESOURCES
ISHARES BARCLAYS INTERMED
ISHARES BARCLAYS INTERMED	435,502	441,490
ISHARES DJ US TELCOM	29,151	30,220
ISHARES MSCI ACWI INDEX	404,064	386,496
ISHARES TR BOXXX
ISHARES TR S&P MIDCAP	414,125	475,089
JOHNSON & JOHNSON	57,530	60,360
JOHNSON CONTROLS	29,502	30,264
JP MORGAN CHASE
KINDER MORGAN	104	84
LOWES	26,100	52,073
MASTERCARD	31,755	34,556
MEDTRONIC	40,363	54,593
MICROSOFT
NOVARTIS	21,985	29,583
NOVO NORDISK	23,015	26,695
OPPENHEIMER DEV MKTS	168,347	146,413
ORACLE	30,788	34,520
PAYCHEX
PEPSICO	23,487	28,686
PFIZER
PHILLIPMORRIS	43,000	37,665
PIMCO 0-5	591,775	568,456
PRICELINE	25,242	29,104
PROCTOR & GAMBLE
RAINIER MID CAP
SCHLUMBERGER	43,218	33,376
SOUTHERN CO	9,882	8,856
SPDR BARCLAYS INTL
SPDR CONSUMER STAPLES	26,105	29,244
SPDR TR CONSUMER DISCRETIONARY	35,721	52,745
SPDR TR ENERGY	54,168	46,548
SPDR TR INDUSTRIAL	20,589	27,885
SPDR TR MATERIALS	12,500	14,634
SPDR TR TECHNOLOGY	43,525	49,728
SPDR TR UTILITIES	43,035	44,430
STARBUCKS	26,871	28,410
SYSCO
UNILEVER	26,819	25,026
UPS	29,313	29,082
US BANCORP	43,439	52,404
VAN ECK
VANGUARD MSCI EMERGING	177,246	160,864
WELLS FARGO	56,030	59,840
WESTERN UNION

- TIN:

TY 2014 InvestmentsGovtObligationsSch

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

US Government Securities - End of Year Book Value:

5,579

US Government Securities - End of Year Fair Market Value:

6,204

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BAIRD	AT COST	85,000	84,826
MISCELLANEOUS	AT COST	3	3
OPPENHEIMER	AT COST	622,075	607,466
PIMCO TOTAL RETURN	AT COST
TEMPLETON GLBAL INCOME	AT COST	1,068,381	988,048
NEUBERGER BERMAN	AT COST	160,000	161,237
STERLING CAPITAL	AT COST	160,000	161,285

- TIN:

TY 2014 LandEtcSchedule2

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
EQUIPMENT	402,711	285,734	116,977	116,977

- TIN:

TY 2014 OtherExpensesSchedule

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
UTILITIES	16,253		4,063	12,190
GROCERIES	11,413		2,853	8,560
INSURANCE	20,899		5,225	15,674
MISCELLANEOUS	16,044		4,011	12,033
CONTRACT LABOR	1,089		272	817
REPAIRS AND MAINTENANCE	6,369		1,592	4,777
SUPPLIES	862		216	646
LAWN CARE	4,774		1,194	3,580
WORK COMP INSURANCE
TRASH	92		23	69
PEST CONTROL	916		229	687
PAYROLL PREP FEES	2,438	609	610	1,219
OFFICE	529		132	397

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ROOM AND BOARD FOR ELDERLY	61,938		61,938

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ATTORNEY FEES	2,447	2,447

- TIN:

TY 2014 TaxesSchedule

Name:

KINGS DAUGHTERS HOME FOR OLD PEOPLE

EIN: 42-0627329

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES WH	95	95