TY 2014 Form 990PF

- TIN:

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

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
Allied Educational Foundation

Number and street (or P.O. box number if mail is not delivered to street address)13836 Rivoli Drive Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Palm Beach Gardens, FL33410

A Employer identification number

13-6202432

B Telephone number (see instructions)

(201) 569-8180

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

$6,403,380J 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)..............	101,100
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	269,715		269,715	269,715
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-34,939
b	Gross sales price for all assets on line 6a 2,416,289
7	Capital gain net income (from Part IV, line 2)...
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........	335,876		269,715	269,715
13	Compensation of officers, directors, trustees, etc.	50,000			50,000
14	Other employee salaries and wages......	53,490			26,745	26,745
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		20,000		15,000	5,000
b	Accounting fees (attach schedule).......		23,055		23,055
c	Other professional fees (attach schedule)....		113,892	30,626	39,250	44,016
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		4,782
19	Depreciation (attach schedule) and depletion...		942		942
20	Occupancy..............	20,390			20,390
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		38,917		25,394	13,523
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	325,468		30,626	200,776	89,284
25	Contributions, gifts, grants paid........	246,020				246,020
26	Total expenses and disbursements. Add lines 24 and 25	571,488		30,626	200,776	335,304
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-235,612
b	Net investment income (if negative, enter -0-)			239,089
c	Adjusted net income (if negative, enter -0-)...				68,939

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..........	562,990	675,159	675,159
	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...........	8,966	15,183	15,183
	10a	Investments—U.S. and state government obligations (attach schedule)	288,407	271,413	271,413
	b	Investments—corporate stock (attach schedule)........	2,637,421	2,811,204	2,811,204
	c	Investments—corporate bonds (attach schedule)........	2,840,662	2,578,335	2,578,335
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis 21,286
		Less: accumulated depreciation (attach schedule) 16,102	6,127	5,184	5,184
	15	Other assets (describe )	49,396	46,902	46,902
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,393,969	6,403,380	6,403,380
	17	Accounts payable and accrued expenses..........	1,546
	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)..........	1,546	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................	6,392,423	6,403,380
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions)......	6,392,423	6,403,380
	31	Total liabilities and net assets/fund balances (see instructions)..	6,393,969	6,403,380

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	6,392,423
2	Enter amount from Part I, line 27a.....................	2	-235,612
3	Other increases not included in line 2 (itemize)	3	246,569
4	Add lines 1, 2, and 3..........................	4	6,403,380
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	6,403,380

Form 990-PF (2014)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-34,939
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	-18,623

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
2012
2011
2010
2009

2	Total of line 1, column (d) ......................	2
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
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4
5	Multiply line 4 by line 3.......................	5
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6
7	Add lines 5 and 6.........................	7
8	Enter qualifying distributions from Part XII, line 4..............	8
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	4,782
	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	4,782
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	4,782
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	20,437
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	20,437
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	15,655
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax15,655	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 . Click to see attachment

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. Click to see attachment

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

Yes

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

N/A

The books are in care of bullet

Trustees of Allied Educational Telephone no. bullet

(201) 569-8180

Located at bullet

13836 Rivoli DrivePalm Beach GardensFL ZIP+4 bullet

33410

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
David Glazer	Trustee 1.50	2,500
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	2,500
James Crowley	Trustee 3.00	10,000
13868 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 3.00	10,000
Bertram Gelfand	Trustee 1.50	10,000
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	10,000
Joffrey Pearlman	Trustee 1.50	2,500
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	2,500
Herbert Pobiner	Trustee 3.00	10,000
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 3.00	10,000
Bruce Rogers	Trustee 1.50	10,000
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	10,000
Adam Troy	Trustee 1.50	2,500
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	2,500
Stephen Camadeco	Trustee 1.50	2,500
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	2,500

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









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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
Automated Office Systems	Administration	78,000
13836 Rivoli Drive Palm Beach Gardens,FL33410	Administration	78,000

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	Shaping Legal Public Policy in Association with Washington Legal Foundation -During 2014, filed four amicus curiae briefs in vital cases on issues that are important to the stability and freedom of the United States, all of which were at the United States Supreme Court or similar jurisdictional Courts. Two were decided during 2014,and in one the Allied Educational Foundation prevailed. In addition, as of the beginnning of 2014, there were three "carryover" cases that had been started in previous years. All three were decided during 2014, and the Allied Educational Foundation was victorious in two of them. To date, hundreds of briefs have been filed, and the courts have agreed with the views of Allied Educational Foundation in most case decisions.	97,780
2	During 2014 the Foundation co-sponsored a three day long health and welfare conference attended by 124 participants. During this conference, professional lectures by eminent authorities in medical areas of great concern to retired individuals were presented.	59,810
3	Accuracy in Media--Allied Educational Foundation Speakers' Bureau. During 2014, this Foundation, individually and jointly, conducted 48 seminars, lectures, conferences, and media presentations.	44,394
4	During 2014, the Foundation filed seven amicus curiae briefs with the U.S. Supreme Court, the U.S. Court of Appeals, and various District Courts in partnership with Judicial Watch in order to fight against political corruption and in defense of the U.S. Constitution.	97,780

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

5,930,177

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

387,479

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

65,879

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

6,383,535

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

6,383,535

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

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

95,753

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

6,287,782

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

314,389

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

314,389

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

4,782

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

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

4,782

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

309,607

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

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

309,607

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

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

309,607

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 ..........

335,304

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

335,304

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

335,304

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			309,607
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2014:
a From 2009.......
b From 2010.......	47,955
c From 2011.......	126,245
d From 2012.......	104,784
e From 2013.......	13,644
fTotal of lines 3a through e.........		292,628
4Qualifying distributions for 2014 from Part
XII, line 4: $ 335,304
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).........		0
d Applied to 2014 distributable amount.....			309,607
e Remaining amount distributed out of corpus		25,697
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		318,325
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 ......		318,325
10 Analysis of line 9:
a Excess from 2010....	47,955
b Excess from 2011....	126,245
c Excess from 2012....	104,784
d Excess from 2013....	13,644
e Excess from 2014....	25,697

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).)

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
Washington Legal Foundation 2009 Massachusetts Avenue NW Washington,DC20036	None	Found.	File legal briefs in vital cases on issues that are important to the stability and freedom of the United States. (See Statement 16.)	75,000
Judicial Watch 425 Third Street SW Washington,DC20024	None	Not Found	File legal briefs to fight against political corruption and in defense of the U.S. Constitution.(See Statement 18.)	75,000
Accuracy In Media 4350 East West Highway Bethesda,MD20814	None	Not Found	Conduct of seminars, lectures, conferences, and media presentations.(See Part IX-A)	25,000
Beth Israel Medical Center Devel De 555 W 57th Street New York,NY10019	None	Not Found	Fund the Allied Educational Foundation Distinguished Lecture Series	10,000
Total ................................. 3a				185,000

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 ............
4 Dividends and interest from securities....			14	269,715
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	-34,939
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)..				234,776

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

13234,776

(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:	14000265
Software Version:	2014v5.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

Allied Educational Foundation

Employer identification number

13-6202432

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization Allied Educational Foundation

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Stephen Barasch 13836 Rivoli Drive Palm Beach Gardens, FL33410	$100,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization Allied Educational Foundation

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
Allied Educational Foundation

Employer identification number

13-6202432

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:	14000265
Software Version:	2014v5.0

- TIN:

TY 2014 AccountingFeesSchedule

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Annual audit and regulatory compliance	23,055	0	23,055	0

- TIN:

TY 2014 ExplnOfNonFilingWithAGStmt

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

Statement:

The Foundation has no state reporting obligation.

- TIN:

TY 2014 InvestmentsCorpBondsSchedule

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Goldman Sachs Group 2/15/20	108,541	108,541
American Int'l Group due 10/1/15	103,013	103,013
Morgan Stanley due 10/15/15	103,464	103,464
Barclays Bank due 1/8/20	112,317	112,317
Goldman Sachs due 1/15/15	100,180	100,180
Citigroup due 8/9/20	283,190	283,190
International Paper due 4/01/16	104,354	104,354
Nasdaq Omx Group	55,063	55,063
Royal Bank of Scotland due 8/24/20	113,916	113,916
HSBC USA due 9/27/20	109,368	109,368
Barclays Bank due 10/14/20	217,918	217,918
GE Capital Corp due 2/15/25	112,419	112,419
Suntrust Bank due 2/15/26	70,628	70,628
Merrill, Lynch due 9/15/26	115,711	115,711
Goldman Sachs due 1/15/27	229,138	229,138
Alcoa Inc. due 2/01/27	60,650	60,650
JP MorganChase due 4/15/30	40,084	40,084
Verizon Md Inc due 6/15/33	52,287	52,287
Citigroup Inc due 10/31/33	46,724	46,724
Bank of America due 12/01/15	103,860	103,860
Bank of America due 2/15/19	109,776	109,776
Morgan Stanley due 9/23/19	112,951	112,951
Morgan Stanley due 1/26/20	112,783	112,783

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
American Capital Agency Corp.	7,379	7,379
Amgen Inc.	19,433	19,433
Analog Devices	11,493	11,493
AT & T Inc.	8,733	8,733
Bank of New York Mellon	17,323	17,323
Berkshire Hathaway Inc.	13,814	13,814
Covidien PLC	10,535	10,535
Dow Chemical Company	16,876	16,876
Du Pont E.I. De Nemours	15,084	15,084
Duke Energy	10,443	10,443
Endurance Specialty Holding	13,524	13,524
HCP Inc.	10,039	10,039
Health Care Reit	11,653	11,653
Hewlett-Packard Company	11,196	11,196
Johnson & Johnson	13,908	13,908
N.Y. Community Bank	14,720	14,720
Old Republic Intl Corp	14,337	14,337
Pepsico Incorp.	10,118	10,118
Proctor & Gamble	14,483	14,483
Sempra Energy	10,579	10,579
St. Jude Medical Inc.	17,363	17,363
Sysco Corporation	15,201	15,201
Unilever N V ADR	15,460	15,460
Vanguard Short Term ET	144,290	144,290
Zimmer Holdings Inc.	18,261	18,261
3M Co	11,009	11,009
Aegon N.V. Floating Rate Pfd.	5,306	5,306
Aegon N.V. 6.375% Pfd.	15,402	15,402
Aegon N.V. 8% Pfd.	8,070	8,070
Affiliated Mgrs 6.375% Pfd	1,684	1,684
Aflac Inc 5.5% Pfd	1,940	1,940
Alexandria Real 6.45% Pfd	1,994	1,994
American Fin Grp 5.75% Pfd	1,201	1,201
American Fin 6.375% Pfd	2,788	2,788
Arch Cap Grp 6.75% Pfd	6,041	6,041
Axis Cap Hldg 6.875% Pfd	6,226	6,226
Bank of America Corp 6.204% Ser D Pfd	6,657	6,657
Bank of N.Y. 5.2% Pfd	14,019	14,019
Bank of America Corp Pfd	4,933	4,933
Bank of America Corp Pfd 6.375% Ser 3	3,515	3,515
Barclays B. PLC 6.625% Pfd	7,908	7,908
BB & T Corp. 5.2% Pfd.	7,554	7,554
BB&T Corp 5.625% Pfd	10,837	10,837
BB&T Corp 5.85% Pfd	4,133	4,133
Capital One Finl 6% Pfd	15,126	15,126
Charles Schwab 6% Pfd	6,042	6,042
Citigroup Cap Tr XIII	3,934	3,934
DB Cont Cap TR 6.55% Pfd	15,036	15,036
Deutsche Bank 6.375% Perp	1,818	1,818
Digital Realty 6.625% Pfd	1,964	1,964
Digital Realty 7% E Pfd	1,760	1,760
DTE Energy 5.25% Pfd	1,205	1,205
DTE Energy 6.5% Pfd	1,773	1,773
Entergy Louisiana 6% Pfd	1,617	1,617
Entergy Louisiana 5.875%	1,041	1,041
Entergy Miss 6.00% Pfd	2,202	2,202
GE Cap Corp 4.875% Pfd	9,211	9,211
Goldman Sachs 6.125% Pfd	13,008	13,008
Goldman Sachs 6.5% Pfd	13,552	13,552
Hartford Finl 7.875% Pfd	3,505	3,505
Health Care Reit 6.5% Pfd	3,039	3,039
Hospitality 7.125% Pfd	4,364	4,364
HSBC Holdings 8.00% Pfd	3,454	3,454
ING Group NV 6.375% Pfd	8,071	8,071
ING Group N.V. 6.125% Cum	5,736	5,736
ING Group 6.2% cum	3,988	3,988
JP Morgan Chase 5.5% Pfd	14,863	14,863
Kimco Realty 5.5% Pfd	1,089	1,089
Kimco Realty 6.90% Pfd	4,184	4,184
Kimco Realty 6% Pfd	5,673	5,673
Lloyds Bkg Grp 7.75% Pfd	15,004	15,004
Merrill Lynch 6.45%	5,368	5,368
Merrill Lynch 6.45% Pfd	8,017	8,017
Morgan Stanley Pfd Ser A	2,615	2,615
Morgan Stanley 5.75%	3,562	3,562
Morgan Stanley 6.25% Tr Pfd	2,192	2,192
Morgan Stanley 6.25% Tr Pfd	5,739	5,739
National Retail 6.25% Pfd	4,910	4,910
Nextera Energy 5.7% Pfd	1,873	1,873
Nextera Energy 5.625% Pfd	1,894	1,894
Nextera Energy 5% Pfd	2,479	2,479
Partner RE 6.50% Ser D Pfd	1,348	1,348
Partnerre Ltd 7.25% Pfd	2,850	2,850
PNC Financial Var Pfd	24,040	24,040
Protective Life 6.25% Pfd	2,541	2,541
PS Bus Parks 5.75% Pfd	1,950	1,950
PS Bus Parks 6% Pfd	5,632	5,632
PS Bus Pk 6.45% Pfd	3,653	3,653
Public Storage 5.75% Pfd	6,331	6,331
Public Storage 5.9% Pfd	6,194	6,194
Public Storage 5.375% Pfd	1,855	1,855
Public Storage 5.625% Pfd	1,913	1,913
Public Storage 6.5% Pfd	2,663	2,663
Public Storage6.35% Pfd	3,978	3,978
Qwest Corp 7.375% Pfd	6,164	6,164
Qwest Corp 7.5% Pfd	5,330	5,330
Qwest Corp 7& Pfd	1,920	1,920
Qwest Corp 7% Pfd.	3,966	3,966
Raymond James Fincl Pfd	2,402	2,402
Realty Income 6.625% Pfd	5,821	5,821
Regency Centers Corp Pfd 6.625%	2,582	2,582
Regency Centers 6% Pfd	1,160	1,160
Renaissance RE 6.08% Hld	715	715
Royal Bank of Scotland 5.75% Pfd	17,396	17,396
Royal Bank of Scotland 6.60% Non-Cum Pfd	3,703	3,703
Royal Bank of Scotlan 6.40% Pfd	3,526	3,526
Senior Housing 5.625% Pfd	3,999	3,999
Stanley Blck & Dckr 5.75% Pfd	5,961	5,961
State Street Crp 5.25% Pfd	6,535	6,535
TCF Fin Crp 7.5% Pfd	4,375	4,375
Telephone Data Sys 7% Pfd	863	863
Telephone Data 6.875% Pfd	895	895
Torchmark Corp 5.875% Pfd	1,200	1,200
UBS Pref Funding Perp	6,819	6,819
US Bancorp Pfd	7,598	7,598
US Bancorp Var. Pfd	2,848	2,848
Vornado Realty 5.7%	2,671	2,671
Vornado Realty 6.875%	1,666	1,666
Weingarten Realty 6.50%	1,318	1,318
Wells Fargo & Co 8% Pfd.	3,413	3,413
Kayne Anderson MLP	152,720	152,720
AT & T	134,360	134,360
Canadian Natl Ry Co	25,290	25,290
Chubb Corp	22,246	22,246
Powershares Dividend Achievers	56,529	56,529
Abbbott Labs	16,522	16,522
Alcoa, Inc.	17,653	17,653
Apache Corp	8,523	8,523
Applied Materials Inc.	12,958	12,958
BB & T Corp.	14,662	14,662
BP PLC Spons Adr	7,662	7,662
Comcast Corp.	17,960	17,960
CVS Caremark Corp.	22,344	22,344
Devon Energy Corp.	8,875	8,875
Ford Motor Company	10,540	10,540
General Electric Company	13,343	13,343
Glaxosmithkline PLC	14,361	14,361
Ishares Iboxx	44,898	44,898
Occidental Pete Corp.	8,706	8,706
Oracle Corp.	11,018	11,018
Staples, Inc.	10,038	10,038
Time Warner	16,913	16,913
Vanguard Long Term ET	47,227	47,227
Vodafone	11,037	11,037
Allstate Corp. 6.75% Pfd.	2,129	2,129
Allstate 5.1% Pfd.	1,241	1,241
Axis Capital 5.5% Pfd.	2,398	2,398
BB & T Corp. 5.2% Pfd.	2,021	2,021
Citigroup 5.8% Pfd.	7,271	7,271
Citigroup Var Pfd.	4,258	4,258
Comcast Corp. 5% Pfd.	1,419	1,419
Digital Realty 5.875% Pfd.	1,957	1,957
Duke Energy 5.125% Pfd.	3,693	3,693
G.E. Capital Corp. 4.7% Pfd.	8,956	8,956
G.E. Capital Corp. 4.875% Pfd.	5,756	5,756
Integrys Energy 6.0% Pfd.	17,408	17,408
JP Morgan Chase 5.45% Pfd.	9,314	9,314
JP Morgan Chase 6.3% zpfd.	4,499	4,499
Kimco Realty 5.625% Pfd.	1,956	1,956
Partnerre Ltd. 5.875% Pfd.	4,397	4,397
PPL Capital Fdg. 5.9% Pfd.	2,067	2,067
Prudential Fin. 5.7% Pfd.	2,073	2,073
Prudential Finl. 5.75% Pfd.	3,280	3,280
PS Bus Parks 5.7% Pfd.	1,195	1,195
Public Storage 5.2% Pfd.	2,865	2,865
Public Storage 5.2% Pfd.	1,942	1,942
Renaissance 5.375% Pfd.	3,960	3,960
Ventas Realty LP 5.45% Pfd.	2,050	2,050
Vornado 5.4% Pfd.	2,484	2,484
WR Berkely Corp. 5.625% Pfd.	3,325	3,325
Microsoft Corp.	35,952	35,952
Entergy Arkansas 5.75% Pfd.	1,325	1,325
Abbott Laboratories	32,730	32,730
Coca Cola	33,016	33,016
Costco Whsl. Corp.	33,311	33,311
Intel Corp.	33,278	33,278
Ishares Core U.S.	131,483	131,483
Johnson & Johnson	30,639	30,639
Kraft Foods Group	40,917	40,917
Monsanto	32,974	32,974
Novartis	31,875	31,875
Powershares ET	79,174	79,174
V F Corporation	44,416	44,416
Vanguard REIT	53,378	53,378
Albemarle Corp.	9,621	9,621
Eaton Corp.	8,971	8,971
Ebay Inc.	10,270	10,270
Entergy Corp.	10,498	10,498
Quest Diagnostics, Inc.	16,161	16,161
United Parcel Service-B	10,450	10,450
Vanguard Inter. Term Corp. Bond	38,142	38,142
Verizon Communications	12,958	12,958
Yahoo Inc.	12,072	12,072
Principal Fds. Inc.	175,513	175,513
Allstate 6.625% Pfd.	4,476	4,476
American Financial Group 6.25% Pfd.	2,738	2,738
Bank of America 6.625% Pfd.	11,403	11,403
Capital One Fin. Corp. 6.25% Pfd.	4,025	4,025
Capital One Fin 6.7% Pfd.	5,051	5,051
Citigroup Inc. Var. Pfd.	3,562	3,562
Citigroup Inc. 6.875% Pfd.	2,282	2,282
Digital Realty 7.375% Pfd.	2,289	2,289
Goldman Sachs Var. Pfd. Ser J	7,808	7,808
Goldman Sachs Var Pfd. Fix to Flt.	6,527	6,527
JP Morgan Chase 6.7% Pfd.	6,156	6,156
Morgan Stanley Var Pfd. 10/15/23	8,816	8,816
Morgan Stanley Var Floating 1/15/24	5,349	5,349
Nextera Energy 5.125% Pfd.	4,571	4,571
Public Storage 5.875% Pfd.	2,269	2,269
Public Storage 6.375% Pfd.	1,336	1,336
Public Storage 6% Pfd.	2,678	2,678
Regions Finl. Var Pfd.	5,072	5,072
State Street Corp. 6% Pfd.	6,840	6,840
State Street Corp. Var Pfd.	5,120	5,120
Verizon Communications Pfd.	4,398	4,398
Wells Fargo Var. Pfd. 9/15/23	12,030	12,030
Wells Fargo Var Pfd. 3/15/24	8,821	8,821

- TIN:

TY 2014 InvestmentsGovtObligationsSch

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

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

271,413

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

271,413

- TIN:

TY 2014 LandEtcSchedule2

Name:

Allied Educational Foundation

EIN: 13-6202432

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	11,015	5,831	5,184	5,184
Improvements	10,271	10,271

- TIN:

TY 2014 LegalFeesSchedule

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Legal services re: charitable programs	5,000	0	0	5,000
Legal services-general	15,000	0	15,000	0

- TIN:

TY 2014 OtherAssetsSchedule

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
Interest Receivable	47,174	44,680	44,680
Security deposit	2,222	2,222	2,222

- TIN:

TY 2014 OtherExpensesSchedule

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

Description	Revenue and Expenses per Books	Adjusted Net Income	Disbursements for Charitable Purposes
Bank Charges	64	64
Controller, bookkeeping svces	10,800	5,400	5,400
Insurance	10,711	10,711
Maint and use of equipment	5,807	3,484	2,323
Meeting expenses	5,677	177	5,500
Office supplies and expenses	4,658	4,658
Postage and related supplies	1,200	900	300

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Administrator's fees	78,500	0	39,250	39,250
Investment advisory fees	30,626	30,626	0	0
Stenographic services	4,766	0	0	4,766

- TIN:

TY 2014 SubstantialContributorsSch

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

Name	Address
Stephen Barasch	13836 Rivoli Drive Palm Beach Gardens,FL33410

- TIN:

TY 2014 TaxesSchedule

Name:

Allied Educational Foundation

EIN: 13-6202432

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Federal Excise Taxes	4,782