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
CGLC Charitable Trust

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside RdSuite 123Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

27-6565175

B Telephone number (see instructions)

(800) 839-1754

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

$7,577,210J 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)..............	0
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	2,224		2,224
4	Dividends and interest from securities......	183,347		183,347
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-46,034
b	Gross sales price for all assets on line 6a 1,350,550
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		-2,956	1
12	Total. Add lines 1 through 11........	136,581		185,572
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		5,415	0	0	5,415
c	Other professional fees (attach schedule)....		66,640	66,640
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,733
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		28,691	103		28,575
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	102,479		66,743	0	33,990
25	Contributions, gifts, grants paid........	860,000				860,000
26	Total expenses and disbursements. Add lines 24 and 25	962,479		66,743	0	893,990
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-825,898
b	Net investment income (if negative, enter -0-)			118,829
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	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	Savings and temporary cash investments..........	5,213,998	1,641,473	1,641,473
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	1,018,036	3,747,261	3,891,679
	c	Investments—corporate bonds (attach schedule)........	2,096,364	2,038,919	1,959,004
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........		74,847	85,054
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	8,328,398	7,502,500	7,577,210
	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...................
	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	8,328,398	7,502,500
	30	Total net assets or fund balances (see instructions)......	8,328,398	7,502,500
	31	Total liabilities and net assets/fund balances (see instructions)..	8,328,398	7,502,500

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	8,328,398
2	Enter amount from Part I, line 27a.....................	2	-825,898
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	7,502,500
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	7,502,500

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	Passthrough K1 Capital Gain
c	SECTION 751 GAIN ON SALE OF PTSHP RECLASS
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,350,550	1,396,406	-45,856
b		0	12
c			-190
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			-45,856
b			0
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	-46,034
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	1,152,085	9,019,288	0.127736
2012	5,374,987	10,581,232	0.507974
2011	5,150,000	12,806,106	0.402152
2010
2009	0	0	0.0

2	Total of line 1, column (d) ......................	2	1.037862
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	0.259466
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	8,122,268
5	Multiply line 4 by line 3.......................	5	2,107,452
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,188
7	Add lines 5 and 6.........................	7	2,108,640
8	Enter qualifying distributions from Part XII, line 4..............	8	893,990
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	2,377
	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	2,377
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	2,377
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	1,700
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	677
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,377
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
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.............................

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

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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
Dale C Rosenbloom	Pres / Trustee 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Pres / Trustee 1.0	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










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
Beverly Hills Wealth Management	Investment Managemen	66,640
9454 Wilshire Blvd Suite 710 BEVERLY HILLS,CA90212	Investment Managemen	66,640

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2014)

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.)

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

5,415,478

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

2,830,479

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

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

8,245,957

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

8,245,957

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

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

123,689

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

8,122,268

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

406,113

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

406,113

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

2,377

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

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

2,377

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

403,736

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

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

403,736

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

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

403,736

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 ..........

893,990

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

893,990

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

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

893,990

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	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7			403,736
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......
b Total for prior years:2012, 2011, 2010
3 Excess distributions carryover, if any, to 2014:
a From 2009.......
b From 2010.......
c From 2011.......	4,509,717
d From 2012.......	4,845,951
e From 2013.......	701,167
fTotal of lines 3a through e.........		10,056,835
4Qualifying distributions for 2014 from Part
XII, line 4: $ 893,990
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.....			403,736
e Remaining amount distributed out of corpus		490,254
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		10,547,089
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......		10,547,089
10 Analysis of line 9:
a Excess from 2010....
b Excess from 2011....	4,509,717
c Excess from 2012....	4,845,951
d Excess from 2013....	701,167
e Excess from 2014....	490,254

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

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.

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
AMERICAN AIR MUSEUM IN BRITAIN 3932 MILITARY RD NW WASHINGTON,DC20015	N/A	PC	General & Unrestricted	100,000
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INC ONE BATTERY PARK PLZ 25TH FL NEW YORK,NY10004	N/A	PC	Charitable Event	10,000
ASIAN AMERICAN JOURNALISTS ASSOCIATION 5 3RD ST STE 1108 SAN FRANCISCO,CA94103	N/A	PC	Dinah Eng Leadership Fellowship Fund	5,000
BOYS & GIRLS CLUBS OF AMERICA 1275 PEACHTREE ST NE ATLANTA,GA30309	N/A	PC	General & Unrestricted	25,000
BOYS & GIRLS CLUBS OF AMERICA 1275 PEACHTREE ST NE ATLANTA,GA30309	N/A	PC	Charitable Event	25,000
CALIFORNIA INST FOR YIDDISH LANGUAGE AND CULTURE 333 WASHINGTON BLVD MARINA DEL REY,CA90292	N/A	PC	General & Unrestricted	2,500
CINEMA ST LOUIS 3547 OLIVE ST ST LOUIS,MO63103	N/A	PC	General & Unrestricted	10,000
CLINTON HEALTH ACCESS INITIATIVE INC 383 DORCHESTER AVE STE 400 BOSTON,MA02127	N/A	PC	Annual Gift Fund	100,000
CROSSROADS SCHOOL FOR ARTS AND SCIENCES 1714 21ST ST SANTA MONICA,CA90404	N/A	PC	2013-2014 Annual Fund	20,000
CROSSROADS SCHOOL FOR ARTS AND SCIENCES 1714 21ST ST SANTA MONICA,CA90404	N/A	PC	K-12 Parent Association Fund	5,000
EARTHJUSTICE 50 CALIFORNIA ST STE 500 SAN FRANCISCO,CA94111	N/A	PC	air quality and clean energy Program in Southern California	50,000
FEEDING AMERICA 35 E WACKER DR STE 2000 CHICAGO,IL60601	N/A	PC	General & Unrestricted	200,000
FRIENDS OF EXPO CENTER 22739 FEDERALIST RD CALABASAS,CA91302	N/A	PC	5th Annual Salute to Community Champions Fund	10,000
FULFILLMENT FUND 6100 WILSHIRE BLVD STE 600 LOS ANGELES,CA90048	N/A	PC	General & Unrestricted	100,000
JACK & JT SNOW SCIENTIFIC RESEARCH FOUNDATION 17703 GARDENVIEW PL CT GLENCOE,MO63038	N/A	PC	Charitable Event	5,000
JEWISH LIFE 16501 VENTURA BLVD STE 504 ENCINO,CA91436	N/A	PC	General & Unrestricted	25,000
MEMORIAL SLOAN-KETTERING CANCER CENTER 633 3RD AVE 28TH FL NEW YORK,NY10017	N/A	PC	General & Unrestricted	10,000
P S ARTS 1728 ABBOT KINNEY BLVD STE 101 VENICE,CA90291	N/A	PC	Express Yourself 2014 - Art Lover Program	5,000
RACE TO ERASE MS 1875 CENTURY PARK E STE 980 LOS ANGELES,CA90067	N/A	PC	Charitable Event	10,000
UNITED FRIENDS OF THE CHILDREN 1055 WILSHIRE BLVD STE 1955 LOS ANGELES,CA90017	N/A	PC	Charitable Event	2,500
UNIVERSITY OF SOUTHERN CALIFORNIA 3551 TROUSDALE PKWY ADM 160 LOS ANGELES,CA90089	N/A	PC	Center for Applied Molecular Medicine, Rebels With a Cause Program	10,000
URBAN FARMING 19785 W 12 MILE RD STE 537 SOUTHFIELD,MI48076	N/A	PC	General & Unrestricted	80,000
USC SCHOOL OF THEATRE 1014 CHILDS WAY STE 100C Los Angeles,CA90089	N/A	PC	General & Unrestricted	50,000
Total ................................. 3a				860,000

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.)
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	2,224
4 Dividends and interest from securities....			14	183,347
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	-46,034
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aK-1 Inc/Loss	525990	-3,147	14	1
bSECTION 751 GAIN ON SALE OF PARTNERSHIP	525990	190
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		-2,957		139,538

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

13136,581

(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.)

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)

(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

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:

CGLC Charitable Trust

EIN: 27-6565175

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Audit Support	5,415			5,415

- TIN:

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

TY 2014 DepreciationSchedule

Name:

CGLC Charitable Trust

EIN: 27-6565175

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2014 InvestmentsCorpBondsSchedule

Name:

CGLC Charitable Trust

EIN: 27-6565175

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ARES CAPITAL CORP BOND - 4.875	152,270	157,709
BANK OF AMERICA MTG SER 2004-4	102,020	101,645
DELL INC - 5.650% - 04/15/2018	104,603	105,000
FORD MOTOR CREDIT - 3.875% - 0	156,488	150,114
HEWLETT PACKARD CO NT - 03.300	104,485	103,273
INTERNATIONAL LEASE FIN CORP -	100,346	100,000
JEFFERIES GROUP INC - 3.875% -	261,933	255,283
JPMORGAN CHASE & CO - 5.15% -	50,770	47,100
PETROBRAS INTL FIN CO NOTE - 3	101,520	95,491
ROSETTA RESOURCES INC - 5.625%	156,770	137,265
TELECOM ITALIA CAP BOND CALL -	322,086	305,999
TESORO CORP SR NT 4.250% - 10/	159,545	154,875
TOLL BROS FIN CORP - 4.00% - 1	103,520	100,500
WHITING PETE CORP-6.50%-10/01/	162,563	144,750

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

CGLC Charitable Trust

EIN: 27-6565175

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AETNA INC.	14,877	15,634
AKORN INC	13,649	16,399
ALASKA AIR GROUP INC	8,322	10,637
ALLIANT TECH SYS INC	24,562	20,693
AMERICAN EXPRESS CO	35,755	36,751
AMERISOURCEBERGEN CORP	35,714	48,236
AMTRUST FINANCIAL SERVICES, IN	20,007	25,481
APPLE INC.	45,144	73,403
ARGAN, INC.	15,057	19,040
AT&T, INC	35,846	36,445
AVALONBAY CMNTYS INC	15,908	19,607
AXIS CAPITAL HOLDINGS LTD	14,933	16,962
BABSON CAPITAL PARTICIPATION I	54,655	55,209
BLACKROCK HEALTH SCIENCES OPPT	81,708	94,095
BLACKROCK INC	35,646	42,907
BOSTON PPTYS INC	51,557	59,841
CATALYST HEDGED FUTURES STRATE	360,516	343,669
CELGENE CORP	35,653	52,574
CENTENE CORP	11,736	16,408
CERNER CORPORATION	35,672	38,796
CHEVRON CORP	35,540	34,776
CIGNA	19,527	21,714
COACH INC	35,657	26,668
COMPUTER PROGRAMS AND SYSTEMS,	19,839	19,379
COOPER COMPANIES INC	14,981	18,478
CREE, INC.	19,952	18,945
CVS CAREMARK CORP.	55,688	70,980
ECHO GLOBAL LOGISTICS, INC.	14,975	15,593
EDWARDS LIFESCIENCES	12,949	13,248
ELI LILLY & CO	15,029	16,282
EMC CORP-MASS	30,051	38,513
ETF SPDR SERIES TRUST	16,070	18,180
FACEBOOK INC	11,972	12,483
FIDELITY CONVERTIBLE SECURITIE	80,996	81,703
GILEAD SCIENCES INC	35,599	43,831
GOOGLE INC CL A	18,031	15,920
GOOGLE INC CL C	17,975	15,792
HEALTH CARE REIT INC.	16,057	17,026
HONEYWELL INTERNATIONAL INC.	35,771	38,469
IGI LABORATORIES INC	20,139	18,392
INTERNATIONAL BUSINESS MACHINE	35,738	30,484
ISHARES FTSE CHINA 25 INDEX FU	49,467	57,228
ISHARES MSCI EUROPE SMALL CAP	48,308	53,126
ISHARES MSCI PACIFIC EX-JAPAN	48,234	43,291
ISHARES RUSSELL 2000 GROWTH IN	59,963	83,292
ISHARES S&P CONSUMER STAPLES	123,617	125,184
ISHARES S&P LAT AM40	47,874	36,582
ISHARES TRUST MSCI EAFE INDEX	48,379	50,193
ISHARES TRUST RUSSELL 2000 VAL	60,143	76,260
ITT CORP.	20,001	18,895
IVY HIGH INCOME FUND CLASS I	50,824	47,022
IVY SCIENCE & TECHNOLOGY FUND	57,748	61,619
JOHNSON & JOHNSON	14,856	15,372
KNIGHT TRANSPORTATION, INC	12,008	13,296
LANDSTAR SYSTEM	11,977	11,315
LEXINGTON REALTY TRUST	16,032	14,823
LEXMARK INTL INC	20,028	19,397
LINKEDIN CORPORATION	35,269	40,199
MFS CHARTER INC. SH BEN INT	80,344	79,843
MICRON TECHNOLOGY	19,912	21,006
MICROSOFT CORPORATION	16,504	18,998
NIKE INC-CL B	35,535	43,268
NORFOLK SOUTHERN CORP	35,376	40,008
O'REILLY AUTOMOTIVE INC.	15,042	18,492
OSI SYSTEMS, INC.	15,077	15,286
PEPSICO INC	35,802	41,606
PHILIP MORRIS INTL	35,882	36,653
POWERSHARES II PFD	65,335	66,400
PROSHARES SHORT S&P500	108,020	95,984
PUBLIC STORAGE INC	35,803	39,743
QUALCOMM INC	35,725	34,563
QUANTA SVCS INC.	15,032	12,151
ROLLINS INC	15,007	16,583
RPC INC	15,040	8,020
SCHLUMBERGER LTD	35,633	33,737
SMITH & WESSON HOLDING CORPORA	16,301	11,534
SYNAPTICS INC	19,711	21,960
SYNOPSYS, INC.	12,998	15,128
TCW EMERGING MARKETS INCOME FU	270,499	236,534
TEMPLETON GLOBAL BOND FUND - C	273,975	252,939
THE JM SMUCKER COMPANY	9,978	9,795
TIFFANY & CO,	35,632	41,141
TUPPERWARE CORP	35,613	27,405
TYSON FOODS INC CL A	14,964	14,312
UNITED PARCEL SERVICE	35,839	41,133
UNITED TECHNOLOGIES CORP	35,422	35,650
UNITED THERAPEUTICS CORP	16,339	22,402
V F CORP	10,861	12,658
VANGUARD EXTENDED DURATION TRE	94,855	108,695
YAHOO! INC	15,024	21,315

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

CGLC Charitable Trust

EIN: 27-6565175

Category/ Item	Book Value	End of Year Fair Market Value
MAGELLAN MIDSTREAM PARTNERS LP	33,799	42,570
PLAINS ALL AMERICAN PIPELINE L	32,809	34,128
SUNOCO LOGISTICS PARTNERS LP	8,239	8,356

- TIN:

TY 2014 OtherExpensesSchedule

Name:

CGLC Charitable Trust

EIN: 27-6565175

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	28,575		28,575
Bank Charges	30	30
K-1 Exp MAGELLAN MIDSTREAM PAR	3
K-1 Exp PLAINS ALL AMERICAN PI	79	69
K-1 Exp SUNOCO LOGISTICS PARTN	4	4

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

CGLC Charitable Trust

EIN: 27-6565175

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss MAGELLAN MIDSTREAM PARTNERS LP	-871	-26
K-1 Inc/Loss PLAINS ALL AMERICAN PIPELINE LP	-1,516	16
K-1 Inc/Loss SUNOCO LOGISTICS PARTNERS LP	-759	11
751 Gain on Sale SUNOCO LOGISTICS PARTNERS LP	190

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

CGLC Charitable Trust

EIN: 27-6565175

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	66,640	66,640

- TIN:

TY 2014 TaxesSchedule

Name:

CGLC Charitable Trust

EIN: 27-6565175

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2014	1,700
990-PF Excise Tax for 2013	33