Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
GEORGE AND FRANCES BALL FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1408   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MUNCIE, IN47308
A Employer identification number

35-6033917
B Telephone number (see instructions)

C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$105,636,903J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 266 266 266
4 Dividends and interest from securities...... 2,436,620 2,436,620 2,436,620
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,358,192
b Gross sales price for all assets on line 6a 11,491,412
7 Capital gain net income (from Part IV, line 2)... 3,358,192
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 5,795,078 5,795,078 2,436,886
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 122,596     122,596
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 39,819     39,819
16a Legal fees (attach schedule)......... Click to see attachment 50 50    
b Accounting fees (attach schedule)....... Click to see attachment 64,381 64,381    
c Other professional fees (attach schedule).... Click to see attachment 281,369 281,369    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 132,286 24,250    
19 Depreciation (attach schedule) and depletion... Click to see attachment 60 60  
20 Occupancy.............. 30,495     30,495
21 Travel, conferences, and meetings....... 581     581
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 11,134 11,134    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 682,771 381,244   193,491
25 Contributions, gifts, grants paid........ 4,497,000 4,497,000
26 Total expenses and disbursements. Add lines 24 and 25 5,179,771 381,244   4,690,491
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 615,307
b Net investment income (if negative, enter -0-) 5,413,834
c Adjusted net income (if negative, enter -0-)... 2,436,886
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 4,987,590 1,938,176 1,938,176
3 Accounts receivable bullet37,290
Less: allowance for doubtful accounts bullet   27,160 37,290 37,290
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 6,716,274 Click to see attachment6,608,255 6,852,852
b Investments—corporate stock (attach schedule)........ 49,146,682 Click to see attachment51,491,142 82,602,124
c Investments—corporate bonds (attach schedule)........ 12,724,100 Click to see attachment14,144,236 14,206,408
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet10,068
Less: accumulated depreciation (attach schedule) bullet10,015 112 Click to see attachment53 53
15 Other assets (describe bullet) Click to see attachment1    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 73,601,919 74,219,152 105,636,903
Liabilities 17 Accounts payable and accrued expenses.......... 407 2,332
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)   Click to see attachment1
23 Total liabilities (add lines 17 through 22).......... 407 2,333
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund 31,967,307 31,967,307
29 Retained earnings, accumulated income, endowment, or other funds 41,634,205 42,249,512
30 Total net assets or fund balances (see instructions)...... 73,601,512 74,216,819
31 Total liabilities and net assets/fund balances (see instructions).. 73,601,919 74,219,152
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 73,601,512
2 Enter amount from Part I, line 27a..................... 2 615,307
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 74,216,819
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 74,216,819
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 4000 ABBVIE INC P 2013-01-07 2014-11-18
b 1400 ACCENTURE PIC ADR P 2010-01-01 2014-11-18
c 9300 ADOBE SYSTEMS INC P 2010-01-01 2014-01-01
d ALERIAN MLP P 2010-01-01 2014-01-29
e 500 ALLIANT CORP P 2009-05-22 2014-09-23
116247.54 ARTISAN MIDCAP VALUE - LTG P 2010-01-01 2014-11-21
4000 AT&T P 2010-01-01 2014-01-01
800 AUTOMATIC DATA PROCESSING COM P 2007-04-09 2014-09-23
500 BECTON DICKINSON & CO P 2009-12-21 2014-11-19
42760.698 BLACK ROCK SMALL CAP GROWTH P 2010-01-01 2014-01-01
7700 BUCKLE INC P 2010-01-01 2014-01-01
1400 CALIFORNIA RESOURCES CORP P 2010-01-01 2014-12-09
2666.67 CDK GLOBAL P 2007-04-09 2014-10-21
1500 CHUBB CORPORATION P 2009-05-28 2014-11-18
4900 CISCO SYSTEMS COMP P 2010-01-01 2014-02-03
3000 CULLEN FROST BANKERS P 2011-03-25 2014-06-06
4000 DEERE & CO P 2010-01-01 2014-11-19
1900 ECOLAB INC P 2009-02-26 2014-11-19
2400 EXXON MOBIL CORP P 2010-01-01 2014-01-01
FEDERATED TOTAL RETURN BOND-LTG P 2010-01-01 2014-12-31
250000 FHLB - 2.0% 12-19-18 P 2014-02-28 2014-12-19
FHLMC FHR 3203 VA CMO - 5.0% 8-15-17 P 2007-12-11 2014-01-01
FNMA-PTP - 5.000% P 2005-03-17 2014-01-01
21841.34 FRANKLIN SMALL CAP VALUE-LTG P 2010-01-01 2014-12-18
7500 GRACO INC P 2010-01-01 2014-01-01
600 HALYARD HEALTH INC P 2010-01-01 2014-11-13
4300 HARRIS CORP P 2010-01-01 2014-01-01
2000 IBM CORPORATION P 2010-01-01 2014-01-22
400000 IPS MULTI SBC 3.79% 1-15-17 P 2010-05-19 2014-08-14
1000 JP MORGAN CHASE & CO P 2010-01-01 2014-11-18
6500 MATTEL INC P 2010-01-01 2014-11-19
2500 MDU RESOURCE GROUP INC P 2009-03-30 2014-09-10
10000 MEDTRONIC INC P 2010-01-01 2014-01-01
MICROCHIP TECHNOLOGY-RTN OF CAP P 2010-01-01 2014-01-29
7500 MICROSOFT CORPORATION P 2010-01-01 2014-01-01
8500 NOBLE CORP P 2010-01-01 2014-11-10
56780.20 NORTHERN SMALL CAP VALUE - LTG P 2010-01-01 2014-12-22
48699.6 NUVEEN MIDCAP GROWTH - LTG P 2010-01-01 2014-12-17
11000 NVIDIA CORPORATION P 2010-01-01 2014-06-17
OPPEN STEEL PATH MLP - RTN CAP P 2010-01-01 2014-02-26
1000 ORACLE CORPORATION P 2007-07-11 2014-11-19
2833.34 PARAGON OFFSHORE P 2010-01-01 2014-08-14
600000 PROCTER & GAMBLE 4.95% 8-15-14 P 2006-12-08 2014-08-15
PUBLIC STORAGE PREF SER X 5.2%-ltg P 2013-03-04 2014-12-30
SBA GUAR POOL 5.110% 4-25 P 2008-09-09 2014-01-01
1500 SCHLUMBERGER LTD P 2010-01-01 2014-07-18
2500 STRYKER CORPORATION P 2010-01-01 2014-07-18
1000 T. ROWE PRICE GROUP INC P 2010-01-01 2014-07-18
6500 TARGET CORPORATION P 2010-01-01 2014-01-01
1000 UNITED TECHNOLOGIES CORP P 2010-01-01 2014-02-10
VANGUARD ST INVEST ADM CL-LTG P 2010-01-01 2014-01-01
VANGUARD TOTAL BOND MKT FD 584 P 2010-01-01 2014-12-24
46210.72 VANGUARD TOTAL BOND MKT SIG CL P 2010-01-01 2014-01-01
VANGUARD TOTAL BOND MKT INDX ETF P 2010-01-01 2014-01-01
2000 VECTRON CORPORATION P 2003-07-31 2014-09-23
1500 VERIZON COMMUNICATIONS P 2010-07-09 2014-06-16
450000 WAUKESHA CNTY WI 2.15% 4-1-14 P 2010-05-26 2014-04-01
(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 263,509   84,995 178,514
b 117,751   88,512 29,239
c 640,386   267,380 373,006
d     27,318 -27,318
e 28,362   21,501 6,861
275,693     275,693
140,401   34,438 105,963
66,308   12,318 53,990
64,770   39,366 25,404
883,255   900,000 -16,745
347,065   312,491 34,574
8,274   11,540 -3,266
73,597   15,322 58,275
152,990   72,757 80,233
105,821   125,851 -20,030
232,847   175,092 57,755
345,639   358,460 -12,821
214,677   73,970 140,707
246,029   32,896 213,133
581     581
250,000   252,800 -2,800
40,435   40,485 -50
17,068   17,174 -106
108,361     108,361
563,892   231,864 332,028
22,696   4,940 17,756
311,596   189,802 121,794
362,727   160,226 202,501
400,000   400,000  
60,699   28,376 32,323
201,367   258,722 -57,355
76,277   56,406 19,871
603,335   523,220 80,115
    18,678 -18,678
363,162   191,955 171,207
179,630   294,163 -114,533
50,110     50,110
321,938     321,938
215,285   135,037 80,248
    26,727 -26,727
40,856   23,120 17,736
25,828   42,009 -16,181
600,000   598,818 1,182
176     176
51,406   50,763 643
169,256   44,469 124,787
204,338   115,319 89,019
81,188   30,031 51,157
432,793   355,039 77,754
110,653   11,305 99,348
2,658     2,658
2,270     2,270
500,197   514,694 -14,497
309,275   317,994 -8,719
80,352   49,514 30,838
73,633   42,906 30,727
450,000   452,457 -2,457
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       178,514
b       29,239
c       373,006
d       -27,318
e       6,861
      275,693
      105,963
      53,990
      25,404
      -16,745
      34,574
      -3,266
      58,275
      80,233
      -20,030
      57,755
      -12,821
      140,707
      213,133
      581
      -2,800
      -50
      -106
      108,361
      332,028
      17,756
      121,794
      202,501
       
      32,323
      -57,355
      19,871
      80,115
      -18,678
      171,207
      -114,533
      50,110
      321,938
      80,248
      -26,727
      17,736
      -16,181
      1,182
      176
      643
      124,787
      89,019
      51,157
      77,754
      99,348
      2,658
      2,270
      -14,497
      -8,719
      30,838
      30,727
      -2,457
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,358,192
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 -2,800
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 4,349,045 95,724,928 0.04543
2012 4,197,313 86,687,864 0.04842
2011 3,982,535 86,638,217 0.04597
2010 3,825,874 81,276,742 0.04707
2009 4,425,642 75,039,084 0.05898
2 Total of line 1, column (d) ...................... 2 0.24587
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 0.04917
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 103,584,311
5 Multiply line 4 by line 3....................... 5 5,093,655
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 54,138
7 Add lines 5 and 6......................... 7 5,147,793
8 Enter qualifying distributions from Part XII, line 4.............. 8 4,690,491
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 108,277
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 108,277
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- ..... 5 108,277
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 100,500
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.............. 7 100,500
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 7,777
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBALL ASSOCIATES Telephone no.bullet (765) 741-5500
    Located atbulletP O BOX 1408MUNCIEIN ZIP+4bullet47308
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    FRANK A BRACKEN Pres. Emeritus
    1.00     		0    
    5150 PLANTATION DRIVE
    INDIANAPOLIS,IN46250
    JOSEPH F WIESE Director
    1.00     		0    
    5915 FIFE TRAIL
    CARMEL,IN46033
    JOAN H McKEE Secretary & Dir
    1.00     		0    
    1012 N BRIAR ROAD
    MUNCIE,IN47304
    STEFAN S ANDERSON Chair, VP, Dir
    1.00     		0    
    2705 W TWICKINGHAM DRIVE
    MUNCIE,IN47304
    ROBERT M SMITSON Director
    1.00     		0    
    5200 W PINERIDGE RD
    MUNCIE,IN47304
    JON H MOLL Vice Chair &Dir
    1.00     		0    
    2308 W WILSHIRE ROAD
    MUNCIE,IN47304
    RONALD K FAUQUHER Director
    1.00     		0    
    9001 W LONEBEECH DRIVE
    MUNCIE,IN47304
    THOMAS C BRACKEN President & Dir
    40.00     		122,596 12,260  
    1246 W WARWICK RD
    MUNCIE,IN47304
    NORMAN E BECK Director
    1.00     		0    
    3708 ALLEN COURT
    MUNCIE,IN47304
    TAMARA S PHILLIPS Treasurer
    4.00     		0    
    7290 W CR 200 S
    YORKTOWN,IN47396
    MICHAEL B GALLIHER Director
    1.00     		0    
    191 N TIMBER RIDGE CT
    MUNCIE,IN47304
    CAROL E SEALS Asst Treasurer
    2.00     		0    
    3309 W TWICKINGHAM DR
    MUNCIE,IN47304
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    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
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    105,084,578
    b
    Average of monthly cash balances.......................
    1b
    77,159
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    105,161,737
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    105,161,737
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,577,426
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    103,584,311
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,179,216
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    5,179,216
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    108,277
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    108,277
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,070,939
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    5,070,939
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    5,070,939
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,690,491
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,690,491
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,690,491
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 5,070,939
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 4,347,388
    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: bullet$ 4,690,491
    a Applied to 2013, but not more than line 2a 4,347,388
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 343,103
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		4,727,836
    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)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    KRIS GROSS
    PO BOX 1408
    MUNCIE,IN47308
    (765) 741-5500
    bThe form in which applications should be submitted and information and materials they should include:
    DESCRIPTION OF PROJECT, BUDGET, COPY OF IRS EXEMPTION LETTER
    cAny submission deadlines:
    APPLICATIONS ACCEPTED ANYTIME
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PROVIDES GRANTS TO ORGANIZATIONS SHARING SIMILAR VALUES OF THE BALL FAMILY WITH A PRIMARY FOCUS ON IMPROVING THE LIVABILITY AND EDUCATIONAL ATTAINMENT OF THE CITIZENS OF EAST CENTRAL INDIANA
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BALL STATE UNIVERSITY FOUNDATION
    PO BOX 672
    MUNCIE,IN47308     		N/A PC IMMERSIVE LEARNING/HONOR COLLEGE 986,960
    BALL STATE UNIVERSITY FOUNDATION
    PO BOX 672
    MUNCIE,IN47306     		N/A PC ATHLETIC CAMPAIGN CARDINAL COMMITMENT 487,854
    BALL STATE UNIVERSITY FOUNDATION
    DEPARTMENT OF JOURNALISM
    MUNCIE,IN47306     		N/A PC FRANK & JUDY BRACKEN SCHOLARSHIP 20,000
    CHRISTIAN MINISTRIES OF DELAWARE COUNTY
    PO BOX 1088
    MUNCIE,IN47308     		N/A PC SLEEPING ROOMS 25,000
    COLLEGE MENTORS FOR KIDS
    212 W 10TH STREET
    INDIANAPOLIS,IN46202     		N/A PC BSU CHAPTER PROGRAM EXPENSES 5,000
    DELAWARE ADVANCEMENT CORPORATION
    PO BOX 842
    MUNCIE,IN47308     		N/A PC VISION 2016 60,000
    ENERGIZE - ECI
    PO BOX 1912
    MUNCIE,IN47308     		N/A PC OPERATIONAL SUPPORT 75,000
    GREATER MUNCIE IN HABITAT FOR HUMANITY
    PO BOX 1119
    MUNCIE,IN47308     		N/A PC ACQUISITION OF PROPERTY 50,000
    MINNETRISTA CULTURAL FOUNDATION INC
    1200 N MINNETRISTA PARKWAY
    MUNCIE,IN47303     		N/A SO I OPERATIONS 1,110,000
    MUNCIE SYMPHONY ORCHESTRA
    1419 WEST MARSH STREET
    MUNCIE,IN47306     		N/A PC SPRING CLASSICAL CONCERT & PICNIC & POPS EVENT 55,000
    RED-TAIL CONSERVANCY INC
    PO BOX 8
    MUNCIE,IN47308     		N/A PC OPERATIONS & CAPACITY EXPANSION INITIATIVE 110,000
    UNITED WAY OF DELAWARE COUNTY INC
    PO BOX 968
    MUNCIE,IN47308     		N/A PC ANNUAL CAMPAIGN 150,000
    BOY SCOUTS OF AMERICA-CROSSROADS COUNCIL
    7125 FALL CREEK RD N
    INDIANAPOLIS,IN46256     		N/A PC CAMP RED WING - STEM PROGRAMMING 25,000
    ARTS PLACE INC
    PO BOX 804
    PORTLAND,IN47371     		N/A PC MUSICWORKS PROGRAM 10,000
    MUNCIE CIVIC THEATER
    216 E MAIN STREET
    MUNCIE,IN47305     		N/A PC UNDERWRITE SCRIPTS/ROYALTIES/MUSIC & RESTROOM REMODEL 50,738
    CORNERSTONE CENTER FOR THE ARTS
    520 E MAIN ST
    MUNCIE,IN47305     		N/A PC GENERAL OPERATIONS 90,000
    MASTERWORKS CHORALE
    520 EAST MAIN ST
    MUNCIE,IN47305     		N/A PC FALL 2014 OUTREACH CONCERT & LADIES TEA FUNDRAISER 3,500
    UNITED NEGRO COLLEGE FUND
    3737 N MERIDIAN ST STE 203
    INDIANAPOLIS,IN46208     		N/A PC INDIANA ANNUAL CAMPAIGN 5,000
    IVY TECH FOUNDATION
    4301 S COWAN ROAD
    MUNCIE,IN47302     		N/A PC ACADEMIC SUCCESS CENTER 200,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    3201 N 600 W
    MUNCIE,IN47304     		N/A PC FULL-TIME STAFF PERSON 10,000
    JUNIOR ACHIEVEMENT OF CENTRAL INDIANA
    9449 PRIORITY WAY WEST DR STE 100
    INDIANAPOLIS,IN46240     		N/A PC IN SCHOOL PROGRAMS - GRISSOM ELEMENTARY 7,500
    MUNCIE DEPT OF PARKS AND RECREATION
    300 N HIGH ST
    MUNCIE,IN47305     		N/A GOV GATEWAY PARK 77,045
    MUSIC FOR ALL
    39 W JACKSON PL SUITE 150
    INDIANAPOLIS,IN46225     		N/A PC SUMMER SYMPOSIUM 25,000
    TEAMWORK FOR QUALITY LIVING
    PO BOX 468
    MUNCIE,IN47308     		N/A PC PROGRAM MATERIALS FOR MUNCIE TEENS 5,000
    CITY OF MUNCIE BEECH GROVE CEMETERY
    1400 WEST KILGORE AVE
    MUNCIE,IN47305     		N/A GOV HISTORY BOOK & SMART PHONE APPLICATION 59,403
    A BETTER WAY
    PO BOX 734
    MUNCIE,IN47308     		N/A PC BUILDING/PROPERTY IMPROVEMENTS 10,000
    BOYS & GIRLS CLUB OF MUNCIE
    1710 S MADISON ST
    MUNCIE,IN47302     		N/A PC INCREASING ORGANIZATIONAL CAPACITY 35,000
    BALL STATE UNIVERSITY - BURRIS SCHOOL
    UNIVERSITY ADVANCEMENT AD 216
    MUNCIE,IN47306     		N/A PC RESTART SWIM TEAM PROGRAM FOR MIDDLE SCHOOL & ADADEMY STUDENTS 7,000
    CARDINAL GREENWAY
    700 E WYSOR ST
    MUNCIE,IN47305     		N/A PC DEER CREEK EROSION PROJECT 50,000
    DELAWARE ADVANCEMENT CORP-CHAMBER OF COM
    PO BOX 842
    MUNCIE,IN47308     		N/A PC FAFSA WORKSHOPS TO DELAWARE CO HIGH SCHOOLS 2,000
    MUNCIE COMMUNITY SCHOOLS
    1601 E 26TH ST
    MUNCIE,IN47302     		N/A PC PURCHASE NEW BAND INSTRUMENTS 75,000
    MUNCIE DOWNTOWN DEVELOPMENT PARTNERSHIP
    120 W CHARLES ST
    MUNCIE,IN47305     		N/A PC MUNCIE THREE TRAILS MUSIC SERIES 15,000
    RILEY CHILDRENS FOUNDATION
    30 S MEREDIAN ST SUITE 200
    INDIANAPOLIS,IN46204     		N/A PC PEDIATRIC DIABETES RESEARCH - LUKE BRACKEN WIESE FUND 50,000
    SECOND HARVEST FOOD BANK
    6621 N OLD STATE RD 3
    MUNCIE,IN47303     		N/A PC FOOD DISTRIBUTION IN DELAWARE COUNTY 10,000
    SMART LIVING PROJECT INC
    5424 N COUNTY RD 500 E
    ALBANY,IN47320     		N/A POF LIVING LIGHTLY 2014 FAIR 5,000
    YMCA OF MUNCIE - CAMP CROSLEY
    165 EMS T2 LANE
    NORTH WEBSTER,IN46555     		N/A PC H2O WHOA ZONE & WELCOME CENTER/INFIRMARY 400,000
    YOUTH OPPORTUNITY CENTER FOUNDATION
    3700 W KILGORE AVE
    MUNCIE,IN47304     		N/A PC PHASE 3 GENERATOR & ELECTRICAL SERVICES 60,000
    COMMUNITY FOUNDATION OF MUNCIE & DE CO
    PO BOX 807
    MUNCIE,IN47308     		N/A PC B-5 EARLY CHILDHOOD INITIATIVE 75,000
    Total .................................bullet 3a 4,497,000
    bApproved for future payment
    BALL STATE UNIVERSITY FOUNDATION
    PO BOX 672
    MUNCIE,IN47308     		N/A PC BRACKEN SCHOLARSHIP FUND & ATHLETIC CAMPAIGN CARDINAL COMMITMENT 2,552,146
    DELAWARE ADVANCEMENT CORP
    PO BOX 842
    MUNCIE,IN47308     		N/A PC VISION 2016 120,000
    IVY TECH FOUNDATION
    4301 S COWAN ROAD
    MUNCIE,IN47302     		N/A PC ACADEMIC SUCCESS CENTER 200,000
    Total .................................bullet 3b 2,872,146
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 266  
    4 Dividends and interest from securities....     14 2,436,620  
    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 3,358,192  
    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)..   5,795,078  
    13Total. Add line 12, columns (b), (d), and (e)..................
    135,795,078
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID: 14000265
    Software Version: 2014v5.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BALL ASSOCIATES 64,381 64,381 0 0

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:14000265
    Software Version:2014v5.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    117,384 PAR FEDERAL HOME LOAN MTG 8-17 117,530 118,710
    30,235 PAR FED NATL MTG ASN PTP 6-18 30,424 31,886
    600000 PAR PROCTER & GAMBLE 8-14    
    500000 LOWES COMPANIES 10-15 496,405 516,860
    250,000 PRAXAIR 9-15 250,937 254,740
    FEDERATED TOTAL RETURN BOND 1,096,708 1,078,283
    WAL-MART STORES 2-19 255,179 272,300
    BECTON DICKINSON 3.25% 11-20 240,125 254,320
    ROYAL BANK OF CANADA 1-22 200,000 204,000
    COLUMBIA HIGH YIELD BOND 2,000,000 1,983,084
    VANGUARD TOTAL BOND MKT INDEX ETF 1,238,857 1,235,550
    VANGUARD TOTAL BOND MKT SIGNAL CL    
    VANGUARD SHORT TERM INVEST ADMIRAL 2,326,683 2,316,972
    TOYOTA MOTOR CREDIT MTN 1-16 255,436 255,427
    MEDTRONIC SR NOTES 4-18 247,500 247,400
    ORACLE CORP NOTES 1-19 249,055 254,325
    EMC 2.65% 6-20 296,550 298,557
    TEXAS INSTRUMENTS 8-19 243,545 244,082
    CHEVRON CORP 6-20 251,200 251,208
    ALLERGEN INC 9-20 260,352 250,363
    WAL-MART STORES 10-20 252,690 261,500
    DISCOVER BANK CD 9-18 250,000 250,000
    PUBLIC STORAGE PREF SER X 5.2% 150,000 138,703
    JOHNSON & JOHNSON 3.55% 5-21 267,759 270,322
    PEPSICO INC 3.0% 8-21 250,248 257,558
    JM SMUCKER CO 3.5% 10-21 256,164 260,510
    UNITED TECHNOLOGIES 3.1% 6-22 297,372 306,099
    SHELL INTL FINANCE NOTES 2.375% 8-22 237,314 243,185
    INTEL CORP 2.7% 12-22 242,076 248,512
    COCA COLA 3.2% 11-23 248,858 257,190
    VANGUARD TOTAL BOND MKT FD 584 1,635,269 1,644,762

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:14000265
    Software Version:2014v5.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC ADR 276,232 651,963
    AT&T INC 83,726 335,900
    ABBOTT LABS 170,558 405,180
    AUTOMATIC DATA PROCESSING 107,859 666,960
    BALL CORP 68,936 4,567,390
    CHEVRON CORP 172,017 594,554
    CISCO SYSTEMS 477,071 667,560
    COLGATE PALMOLIVE CO 267,917 553,520
    CONOCOPHILLIPS 132,663 483,420
    DANAHER CORP 188,278 617,112
    DU PONT EL DE NEMOURS 213,552 443,640
    EXXON MOBIL 97,317 656,395
    FIRST MERCHANTS CORP 33,384 568,750
    GRACO INC    
    HARRIS CORP DEL 412,351 624,834
    INTEL CORP 24,455 181,450
    IBM CORP    
    JP MORGAN CHASE & CO 132,527 312,900
    JOHNSON & JOHNSON 42,901 313,710
    KIMBERLY CLARK 114,871 554,592
    MEDTRONIC INCORPORATED    
    MICROSOFT CORPORATION 190,946 418,050
    MICROCHIP TECHNOLOGY 379,902 595,452
    NVIDIA CORP    
    ORACLE CORP 240,601 539,640
    PEPSICO INC 94,735 378,240
    T ROWE PRICE GROUP INC 242,323 661,122
    PROCTOR & GAMBLE 60,767 364,360
    SCHLUMBERGER LTD 165,932 538,083
    STRYKER CORP 316,861 622,578
    SYSCO CORP 118,121 515,970
    US BANCORP DEL 243,518 404,550
    UNITED TECHNOLOGIES 81,394 828,000
    VECTREN CORP 261,394 508,530
    VERIZON COMMUNICATIONS 182,406 397,630
    WAL-MART STORES 47,508 386,460
    ARTISAN MID CAP VALUE FUND 2,220,000 2,864,339
    NUVEEN MIDCAP GROWTH 1,900,000 2,261,122
    S&P 400 MIDCAP SPDR 848,147 1,352,846
    ISHARES RUSSELL 2000 600,084 931,242
    DODGE & COX INTERNATIONAL STOCK 1,325,000 1,338,289
    VANGUARD INTL GROWTH 1,907,700 1,953,318
    NORTHERN TR CORP 379,046 404,400
    S&P 400 MIDCAP GROWTH ISHARES 2,726,261 4,541,015
    S&P 400 MIDCAP VALUE ISHARES 2,774,075 4,562,253
    BLACK ROCK SMALL CAP GROWTH    
    VANGUARD FTSE ALL WORLD EXUS ETF 3,458,592 3,480,058
    ALLIANT CORP 245,453 584,496
    APACHE CORP 504,539 344,685
    BAKER HUGHES INC 377,269 538,272
    BAXTER INTERNATIONAL INC 296,686 439,740
    BECTON DICKINSON & CO 340,961 626,220
    CHUBB CORP 254,930 620,820
    DONALDSON INC 203,434 463,560
    ECOLAB INC 129,688 418,080
    MDU RES GROUP INC 317,263 399,500
    JM SMUCKER COMPANY 328,604 605,880
    3M COMPANY 243,346 492,960
    VF CORP 149,697 749,000
    S&P SMALL CAP 600 CORE 523,613 891,949
    S&P 600 SMALL CAP VALUE ISHARES 1,102,271 1,923,601
    S&P 600 SMALL CAP GROWTH ISHARES 908,044 1,709,176
    NORTHERN SMALL CAP VALUE 550,000 1,199,198
    ADOBE SYSTEMS INC    
    BED BATH & BEYOND 280,142 525,573
    HCC INSURANCE HLDGS 311,166 588,720
    NOBLE CORPORATION    
    BUCKLE INC    
    CULLEN FROST BANKERS    
    FLOWERS FOOD INC 163,951 262,903
    HENRY JACK & ASSOCIATES 397,569 751,894
    OMNICOM GROUP 359,006 542,290
    TARGET CORP    
    MATERIALS SECTOR SPDR 152,560 194,320
    COVIDIEN ADR 295,404 613,680
    FRANKLIN SMALL CAP VALUE 1,030,000 1,220,713
    AMERICAN EROPACIFIC GROWTH 1,100,000 1,290,208
    MFS NEW DISCOVERY iNTL 875,000 1,053,379
    APPLE COMPUTER INC 233,345 275,950
    EMC CORPORATION 350,039 416,360
    HONEYWELL INTL INC 357,362 499,600
    NUCOR CORP 119,897 147,150
    QUALCOMM INCORPORATED 423,917 498,011
    NASDAQ BIOTECH INDEX ETF ISHARES 188,557 788,710
    VANGUARD REIT INDEX ETF 1,730,671 2,061,450
    ABBVIE INC 99,961 327,200
    AMERISOURCE-BERGEN CORP 302,060 486,864
    AMERIPRISE FINANCIAL 430,438 555,450
    DISNEY WALT COMPANY 414,118 565,140
    OCCIDENTAL PETE 319,450 282,135
    PETSMART COM 497,507 609,713
    CONSUMER STAPLES SECTOR ETF SPDR 412,734 484,900
    GUGGENHEI EQ WGHT S&P 500 3,094,540 3,462,323
    VANGUARD MIDCAP INDX SIG CLASS    
    VANGUARD SM CAP INDX SIG CLASS    
    ALERIAN MLP ETF 472,964 508,080
    OPPEN STEEL PATH MLP SEL 40 CL Y 473,273 534,070
    VANGUARD REIT INDX SIG CL    
    ALTERA CORP 342,653 369,400
    BB & T CORP 154,760 155,560
    BROWN & BROWN INC 373,283 394,920
    EMERSON ELEC CO 177,744 172,844
    FRANKLIN RES INC 169,140 166,110
    GENUINE PARTS CO 341,287 426,280
    NATIONAL OILWELL VARCO 392,859 327,650
    PEOPLE'S UNITED FINANCIAL 194,657 197,340
    ULTA SALON COS & FRAG 290,868 383,520
    UNITED PARCEL SERVICE 195,534 222,340
    VANGUARD MIDCAP INDX ADMIRAL CLASS 1,250,000 1,429,507
    VANGUARD SMALL CAP INDX ADMIRAL CL 820,000 872,275
    VANGUARD REIT INDX ADMIRAL CL 1,645,000 1,883,078

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:14000265
    Software Version:2014v5.0
    US Government Securities - End of Year Book Value:

    985,747
    US Government Securities - End of Year Fair Market Value:

    1,006,150
    State & Local Government Securities - End of Year Book Value:


    5,622,508
    State & Local Government Securities - End of Year Fair Market Value:


    5,846,702


    TY 2014 LandEtcSchedule2
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:14000265
    Software Version:2014v5.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 10,068 10,015 53 53


    TY 2014 LegalFeesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 50 50 0 0


    TY 2014 OtherExpensesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:14000265
    Software Version:2014v5.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES/FEES 6,730 6,730    
    INSURANCE 4,176 4,176    
    SUPPLIES & SUNDRY 228 228    


    TY 2014 OtherLiabilitiesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:14000265
    Software Version:2014v5.0
    Description Beginning of Year - Book Value End of Year - Book Value
    Rounding   1


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 281,369 281,369 0 0


    TY 2014 TaxesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN: 35-6033917
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 108,036      
    FOREIGN TAXES ON DIVIDENDS 24,250 24,250