Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
CY TWOMBLY FOUNDATION
 
% PAMELA WAKOFF
Number and street (or P.O. box number if mail is not delivered to street address)19 East 82nd Street   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10028
A Employer identification number

20-2572529
B Telephone number (see instructions)

(212) 744-2228
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$1,509,372,283J 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).............. 6,673,734
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 1,267,434 1,267,434  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,396,647
b Gross sales price for all assets on line 6a 73,129,152
7 Capital gain net income (from Part IV, line 2)... 6,396,647
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)....... Click to see attachment -104,179 -104,179  
12 Total. Add lines 1 through 11........ 14,233,636 7,559,902  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 736,488     736,488
14 Other employee salaries and wages...... 288,963     288,963
15 Pension plans, employee benefits....... 82,901     82,901
16a Legal fees (attach schedule)......... Click to see attachment 2,233,309 198,072 0 2,035,237
b Accounting fees (attach schedule)....... Click to see attachment 86,693 21,673 0 65,020
c Other professional fees (attach schedule).... Click to see attachment 255,378 229,187   26,191
17 Interest............... 1,388     1,388
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,592     1,592
19 Depreciation (attach schedule) and depletion... Click to see attachment 798,032    
20 Occupancy.............. 124,277 12,428   111,849
21 Travel, conferences, and meetings....... 181,767     181,767
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,584,517 35,972   824,183
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,375,305 497,332 0 4,355,579
25 Contributions, gifts, grants paid........ 85,000,000 85,000,000
26 Total expenses and disbursements. Add lines 24 and 25 91,375,305 497,332 0 89,355,579
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -77,141,669
b Net investment income (if negative, enter -0-) 7,062,570
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 95,872 406,888 406,888
2 Savings and temporary cash investments.......... 22,398,562 33,065,263 33,065,263
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 1,833,614 Click to see attachment8,377,678 8,377,678
b Investments—corporate stock (attach schedule)........ 23,978,207 Click to see attachment1,309,101 1,309,101
c Investments—corporate bonds (attach schedule)........ 17,771,824 Click to see attachment9,311,271 9,311,271
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 10,600,316 Click to see attachment29,794,484 29,794,484
14 Land, buildings, and equipment: basis bullet29,845,893
Less: accumulated depreciation (attach schedule) bullet801,957 29,864,733 Click to see attachment29,043,936 29,043,936
15 Other assets (describe bullet) Click to see attachment1,434,908,888 Click to see attachment1,398,063,662 Click to see attachment1,398,063,662
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,541,452,016 1,509,372,283 1,509,372,283
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................   148,333
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 attachment250,000 Click to see attachment0
23 Total liabilities (add lines 17 through 22).......... 250,000 148,333
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 1,541,202,016 1,509,223,950
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 1,541,202,016 1,509,223,950
31 Total liabilities and net assets/fund balances (see instructions).. 1,541,452,016 1,509,372,283
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,541,202,016
2 Enter amount from Part I, line 27a..................... 2 -77,141,669
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 50,200,000
4 Add lines 1, 2, and 3.......................... 4 1,514,260,347
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 5,036,397
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,509,223,950
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 REAL ESTATE D    
b MARKETABLE SECURITIES P    
c ARTWORK D    
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 340,412   159,502 180,910
b 65,141,740   61,868,003 3,273,737
c 7,647,000   4,705,000 2,942,000
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       180,910
b       3,273,737
c       2,942,000
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 6,396,647
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 3,026,666 58,125,743 0.052071
2012 30,954,681 64,077,122 0.483085
2011 5,152,694 29,312,451 0.175785
2010 199,498 4,226,727 0.047199
2009 159,873 3,107,533 0.051447
2 Total of line 1, column (d) ...................... 2 0.809587
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 0.161917
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 74,780,163
5 Multiply line 4 by line 3....................... 5 12,108,180
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 70,626
7 Add lines 5 and 6......................... 7 12,178,806
8 Enter qualifying distributions from Part XII, line 4.............. 8 89,452,304
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 70,626
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 70,626
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 70,626
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 164,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 164,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 1,433
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 91,941
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet91,941 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? Click to see attachment....................
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 changesClick to see attachment....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
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)
    bulletDE, NY
    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 ofbulletPAMELA WAKOFF Telephone no.bullet (212) 744-2228
    Located atbullet19 EAST 82ND STREETNEW YORKNY ZIP+4bullet10028
    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?
    16Yes  
    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 bulletIT
    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
     
     
    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). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    NICOLA DEL ROSCIO PRESIDENT
    40.0     		256,488 0 0
    19 East 82nd Street
    NEW YORK,NY10028
    JULIE SYLVESTER VICE PRESIDENT AND SECRETARY
    40.0     		480,000 0 0
    19 East 82nd Street
    NEW YORK,NY10028
    JONAS STORSVE DIRECTOR
    1.0     		0 0 0
    19 East 82nd Street
    NEW YORK,NY10028
    PAUL WINKLER Director
    1.0     		0 0 0
    19 East 82nd Street
    NEW YORK,NY10028
    UDO BRANDHORST Director
    1.0     		0 0 0
    19 East 82nd Street
    NEW YORK,NY10028
    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
    KARLINA MOELLER ADMINISTRATOR
    40.0     		67,500 0 0
    19 EAST 82ND STREET
    NEW YORK,NY10028
    YUMIKO SAITO ADMINISTRATOR
    40.0     		70,903 0 0
    LARGO FONTANELLA BORGHESE 19
    ROME   00186
    IT
    ELENORA DI ERASMO ADMINISTRATOR
    40.0     		51,142 0 0
    LARGO FONTANELLA BORGHESE 19
    ROME   00186
    IT
    VIOREL GRASU ADMINISTRATOR
    40.0     		54,285 0 0
    LARGO FONTANELLA BORGHESE 19
    ROME   00186
    IT
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Dentons US LLP Legal 1,980,723
    1221 Avenue of the Americas
    NEW YORK,NY10020
    Ashby & Geddes Legal 160,804
    500 Delaware Avenue PO Box 1150
    WILMINGTON,DE19899
    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
    43,783,351
    b
    Average of monthly cash balances.......................
    1b
    32,135,596
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    75,918,947
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    75,918,947
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,138,784
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    74,780,163
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,739,008
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,739,008
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    70,626
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    70,626
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,668,382
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,668,382
    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
    3,668,382
    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
    89,355,579
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    96,725
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    89,452,304
    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
    70,626
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    89,381,678
    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 3,668,382
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:2012, 2011, 2010  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 2,736
    b From 2010.......  
    c From 2011....... 5,047,545
    d From 2012....... 27,883,205
    e From 2013....... 274,346
    fTotal of lines 3a through e......... 33,207,832
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 89,452,304
    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).........     		 
    d Applied to 2014 distributable amount..... 3,668,382
    e Remaining amount distributed out of corpus 85,783,922
    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 5 118,991,754
    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) ...     		2,736
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		118,989,018
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011.... 5,047,545
    c Excess from 2012.... 27,883,205
    d Excess from 2013.... 274,346
    e Excess from 2014.... 85,783,922
    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 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)
    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
    Tate Gallery
    Bankside
    London   SE1 9TG
    UK     		None NC To support the visual arts by donating Cy Twombly's artwork for exhibition 85,000,000
    Total .................................bullet 3a 85,000,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 1,267,434  
    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 6,215,737  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..     26 180,910  
    11 Other revenue: aLOSS ON CURRENCY TRANSLATION     18 -106,585  
    bROYALTY INCOME     15 2,406  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   7,559,902  
    13Total. Add line 12, columns (b), (d), and (e)..................
    137,559,902
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet 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
    CY TWOMBLY FOUNDATION
     
    Employer identification number

    20-2572529
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    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
    Special Rules
    ......... 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
    CY TWOMBLY FOUNDATION
          		Employer identification number

    20-2572529
    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
     
     

    EDWIN P TWOMBLY JR TRUST  
    C/O WITHERS BERGMAN 430 PARK AVENU
     
    NEW YORK, NY10022

    		$6,673,734


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (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
    CY TWOMBLY FOUNDATION
          		Employer identification number

    20-2572529
    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
    CY TWOMBLY FOUNDATION
          		Employer identification number

    20-2572529
    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 (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES - US 76,693 19,173   57,520
    AUDITING FEES 10,000 2,500   7,500

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

    TY 2014 DepreciationSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND   640,000   L          
    BUILDINGS 2013-01-01 27,419,895   SL 39 703,074      
    BUILDING IMPROVEMT 2013-01-01 1,481,363   SL 27 48,086      
    FURNITURE & EQUIP 2013-12-01 207,910 3,925 SL 10 46,872      

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

    TY 2014 ExpenditureResponsibilityStmt
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
     
          		Bankside
    London   SE1 9TG
    UK     		2014-06-01 85,000,000 To support the visual arts by donating Cy Twombly's artwork for exhibition   NO   2014-06-12 The Museum has demonstrated that the artwork is being used for the intended purpose of public display, consistent with the Tate's mission.

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JPM MT FLOAT RATE NOTE- %    
    CREDIT SUISSE NY MTN 4%    
    JP MORGAN CHASE & CO FRN 3ML+1    
    CELGENE CORP 2.45% DUE 10/15/2    
    COSTCO WHOLESALE CORP 0.65% DU    
    ANHUESER- BUSCH INBEV FIN 0.8%    
    GOLDMAN SACHS GROUP INC 3.625%    
    CHEMICAL CO THE DOW 2.516 2.5%    
    MORGAN STANLEY 1.75% DUE 02/25    
    MEDIA LLC 2.875% DUE 04/01/201    
    INSTRUMENT INC TXN 2.37516 2.3    
    TOYOTA MOTOR CREDIT CORP 0.8%    
    EXPRESS CREDIT 1.3% DUE 07/29/    
    HATHAWAY FIN 0.95% DUE 08/15/2    
    COCA-COLA CO 1.8% DUE 09/01/20    
    HONDA FINANCE 1.125% DUE 10/07    
    PROCTER & GAMBLE CO 0.75% DUE    
    CITIGROUP INC 1.3% DUE 11/15/2    
    GENERAL ELEC CAP CORP 2.9% DUE    
    APPLE INC FRN 0.49% DUE 05/03/    
    SHELL INTERNATIONAL FIN 0.9% D    
    KFW 1.25% DUE 02/15/2017    
    AVENUE MUT FDS TR CEO STRA INS    
    DODGE & COX INCOME FUND    
    DOUBLELINE TOTAL RET BD-1    
    JPM SH DURATION HIGH YLD FD- S    
    JPM STRAT INCOME OPPORT FD- SE    
    JPM SHORT DURATION BOND FD- SE    
    JPM MULTI SECTOR INCOME FD- SE    
    JPM INFLATION MGD BOND FD-SEL    
    PIMCO TOTAL RETURN FUND- INST    
    RIDGEWORTH SEIX FLOATING -I    
    PIMCO EMERGING LOCAL BOND.P    
    WF FIXED/ FLOATING MTN CPN 4%    
    WACHOVIA CORP NTS B/E ADJUSTED 896,364 896,364
    KELLOGG CO NTS B/E RATE 1.75% 904,707 904,707
    GOLDMAN SACHS GROUP INC NTS B/ 909,090 909,090
    GENERAL ELEC CAP CORP NTS B/E 901,377 901,377
    AT&T INC B/E CALL@MW+15BPS RAT 906,975 906,975
    BK OF AMER CORP NTS B/E RATE 2 907,002 907,002
    CORN PRODUCTS INTL INC NTS B/E 430,900 430,900
    PETROBRAS INTL FIN NTS FOREIGN 833,913 833,913
    NEWMONT MINING CORP B/E RATE 3 845,775 845,775
    GENL ELEC CO B/E CALL@MW +15BP 900,368 900,368
    APPLE INC CALL@MW+15BP NTS B/E 874,800 874,800

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DOLLAR GENERAL CORP    
    L BRANDS INC    
    MACY'S INC    
    TARGET CORP    
    VIACOM INC CL B NEW    
    CVS/ CAREMARK CORP    
    LORILLARD INC COM    
    WALGREEN CO    
    CONOCOPHILLIPS    
    MARATHON OIL CORP    
    ACE UMRRED    
    AMERICAN INTL GROUP INC    
    CRRIGROUP INC    
    KEYCORP NEW    
    MORGAN STANLEY GAP INC    
    AETNA INC NEW    
    MYLAN INC    
    PFIZER INC    
    THERMO FISHER SCIENTIFIC    
    ZIMMER HOLDINGS INC    
    CUMMINS INC    
    ILLINOIS TOOL WORKS INC    
    NIELSEN HOLDINGS BV    
    UNION PACIFIC CORP    
    ACCENTURE PLC CL A    
    APPLE INC    
    AVAGO TECHNOLOGIES    
    INTERNATIONAL BUS MACHINES    
    QUALCOMM INC    
    CENTURYUNK INC    
    AMERICAN WATERWORKS CO    
    BRIDGESTONE CORP ADR    
    DAIHATSU MOTOR CO LTD ADR    
    NIKON CORP PLC UNSPON-ADR    
    SWATCH GROUP AG UNSPON ADR    
    VOLKSWAGEN AG ADR    
    IMPERIAL TOBACCO LT ADR    
    J SAINSBURY SPN ADR NEW    
    SVENSKA CL AKTIBLGT ADR    
    ENI S.P.A. ADR    
    SINOPEC/ CHINA PETE&CHM ADR    
    TOTALSAADR    
    ALLIANZ AKTIENGES ADR    
    BNP PARIBAS SPON ADR    
    CHINA CONSTRUCTION ADR    
    MUNICH REGROUP ADR    
    RSA INS GRP INC SPON ADR    
    SKANDINAVISKA ENSKILD ADR    
    WHARF HOLDINGS ADR    
    SANOFI ADR    
    ITOCHU CORP ADR    
    WEIR GROUP PLC ADR    
    SUMITOMO METAL MIN CO LTD    
    CHINA TELECOM ADA    
    KDDI CORP ADA    
    TELE2ABADR    
    TIM PARTICIPACOES SA ADR    
    TOKYO GAS LTD ADR    
    OW LARGE CAP STRATEGIES FD    
    OW GLOBAL SML & MID CAP FD    
    OW GLOBAL OPPORTUNITIES FD    
    OW REAL RETURN FUND    
    BNP CONT BUFF EQ SPX 12/10114    
    CS CONT BUFF EQ SPX 11/13114    
    CULLEN HIGH DMDEND EQ-1    
    EDGEWOOD GROWTH FUND -INS    
    JOHN HANCOCK 111-DISCPLN V-1    
    JPM US LARGE CAP CORE PLUS FD-    
    NEUBERGER BER MU/C OPP-INS    
    PRINCIPAL MIDCAP FUND -INS MID    
    TIMESSQUARE MID CAP GROW-PRM    
    SOUTHERNSUN US EQUITY FUND    
    CAPITAL PRIVATE CLIENT SVCS CA    
    DODGE & COX INTL STOCK FUND    
    MSF INTL VALUE -I    
    BARC MARKET PLUS SX5E 04129/15    
    VANGUARD FTSE EUROPE ETF    
    COLUMBIA ASIA PAX X-JPN-R5    
    T ROWE PRICE NEW ASIA    
    NEUBERGER BERMAN EQUITY FDS    
    VIRTUS EMERGING MKTS OPPOR-1    
    JP MORGAN CAP XXIX 6.7% DUE 04 863,600 863,600
    PARTNERRE PERPNC5 SER E 7.25% 445,501 445,501

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    US Government Securities - End of Year Book Value:

    8,377,678
    US Government Securities - End of Year Fair Market Value:

    8,377,678
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 InvestmentsOtherSchedule2
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HEDGE FUNDS      
    AXONIC CREDIT OPPORTUNITIES OV FMV 3,030,115 3,030,115
    BLUE MOUNTAIN CREDIT ALTERNATI FMV 3,967,936 3,967,936
    LYNX RISING RATE OFFSHORE FUND FMV 1,395,198 1,395,198
    O'CONNOR GLOBAL MULTI STRATEGY FMV 3,974,468 3,974,468
    MUTUAL FUNDS      
    BARC CONT BUFF EQ PALLADIUM 10 FMV    
    JPM LEVERAGED CBEN WT1 CRUDE 1 FMV    
    SG MARKET PLUS WT1 CRUDE 08106 FMV    
    BLACKROCK GLOBAL DIVIDEND PORT FMV 560,833 560,833
    JP MORGAN LARGE CAP GROWTH FUN FMV 2,117,271 2,117,271
    NUVEEN SANTA BARBARA DIVIDEND FMV 1,050,570 1,050,570
    PIONEER MID CAP VALUE FUND CLA FMV 1,475,635 1,475,635
    SCHRODER U.S. SMALL AND MISCAP FMV 1,512,435 1,512,435
    SCHRODER EMERGING MARKET EQUIT FMV 1,453,474 1,453,474
    PIMCO COMMODITYPL STRAT .P FMV    
    PIMCO EMERGING LOCAL BOND FUND FMV 514,639 514,639
    PIMCO EMERGING MARKETS BOND FU FMV 905,388 905,388
    TEMPLETON GLOBAL BOND ADV FMV 1,966,045 1,966,045
    HSBC MKT PLUS SPX FMV    
    ALLIANCEBERNSTEIN SELECT US L/ FMV 2,031,177 2,031,177
    ETFS PLATINUM TR FMV 605,734 605,734
    POWERSHARES DB COMMODITY INDEX FMV 758,295 758,295
    ISHARES MSCI AUSTRALIA ETF FMV 40,017 40,017
    ISHARES MSCI CANADA ETF FMV 55,411 55,411
    ISHARES MSCI SWEDEN ETF FMV 16,627 16,627
    ISHARES MSCI GERMANY ETF FMV 66,880 66,880
    ISHARES MSCI HONG KONG ETF FMV 16,432 16,432
    ISHARES MSCI ITALY CAPPED ETF FMV 14,688 14,688
    ISHARES MSCI JAPAN ETF FMV 134,149 134,149
    ISHARES MSCI SWITZ CAPPED ETF FMV 49,753 49,753
    ISHARES MSCI MALAYSIA ETF FMV 6,875 6,875
    ISHARES MSCI NETHERLANDS ETF FMV 17,092 17,092
    ISHARES MSCI SPAIN CAPPED ETF FMV 22,510 22,510
    ISHARES MSCI FRANCE ETF FMV 55,586 55,586
    ISHARES MSCI SINGAPORE ETF FMV 16,677 16,677
    ISHARES MSCI MEXICO CAPPED ETF FMV 10,987 10,987
    ISHARES MSCI SOUTH KOREA CAPPE FMV 26,539 26,539
    ISHARES RUSSELL 1000 VALUE ETF FMV 247,950 247,950
    ISHARES RUSSELL 1000 GROWTH ET FMV 248,586 248,586
    ISHARES MSCI TAIWAN ETF FMV 24,176 24,176
    ISHARES MSCI BRAZIL CAPPED ETF FMV 18,834 18,834
    ISHARES S&P SMALLCAP 600 GROWT FMV 125,450 125,450
    ISHARES RUSSELL MID-CAP VALUE FMV 147,151 147,151
    ISHARES RUSSELL MID CAP GROWTH FMV 134,717 134,717
    ISHARES MSCI SOUTH AFRICA ETF FMV 7,778 7,778
    ISHARES CHINA LARGE CAP ETF FMV 26,845 26,845
    ISHARES MSCI CHILE CAPPED ETF FMV 7,978 7,978
    ISHARES TR MSCI UNITED KINGDOM FMV 119,539 119,539
    MARKET VECTORS RUSSIA FMV 6,145 6,145
    MARKET VECTORS INDONESIA IND FMV 12,145 12,145
    MARKET VECTORS ETF TR OIL SVCS FMV 102,372 102,372
    POWERSHARES WATER RESOURCES PO FMV 17,510 17,510
    POWERSHARES INDIA PORTFOLIO FMV 16,162 16,162
    IPATH S&P 500 VIX SHORT TERM F FMV 661,710 661,710
    EQUINOX FDS TR FMV    
    GATEWAY FUND- Y FMV    
    GOLDMAN SACHS TR STRG INCM INS FMV    
    INV BALANCED-RISK ALLOC-Y FMV    
    PIMCO UNCONSTRAINED BOND P FMV    
    REIT      
    ISHARES COHEN & STEERS REALTY      

    TY 2014 LandEtcSchedule2
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 640,000   640,000  
    BUILDINGS 27,419,895 703,074 26,716,821  
    BUILDING IMPROVEMT 1,536,320 48,086 1,488,234  
    FURNITURE & EQUIP 249,678 50,797 198,881  


    TY 2014 LegalFeesSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DENTONS US LLP 1,980,723 198,072   1,782,651
    ASHBY & GEDDES 160,804     160,804
    MANN, VITA A & ELROD, P.L.L.C. 8,208     8,208
    STUDIO LEGALE GIANNI, ORIGIONI 43,466     43,466
    MISC. LEGAL FEES - ROME 40,108     40,108


    TY 2014 OtherAssetsSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    RESIDENCE - LEXINGTON, VA 340,000 0 0
    ARTWORK 1,434,553,177 1,398,048,177 1,398,048,177
    SECURITY DEPOSITS 15,711 15,485 15,485


    TY 2014 OtherDecreasesSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Description Amount
       
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL SETTLEMENT 700,000      
    COMPUTER EXPENSES 14,726     14,726
    ART HANDLING & RELATED EXPENSE 410,519     410,519
    INSURANCE 340,040 34,004   306,036
    CATALOGUES, PHOTOS, PROMOTION 9,509     9,509
    REPAIRS AND MAINTENANCE 1,050     1,050
    SECURITY EXPENSE 12,929     12,929
    BANK FEES 1,968 1,968    
    PACKING AND SHIPPING 4,613     4,613
    OFFICE AND MISC EXPENSES 89,163     64,801


    TY 2014 OtherIncomeSchedule2
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Loss on currency translation -106,585 -106,585  
    Royalty income 2,406 2,406  


    TY 2014 OtherIncreasesSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Description Beginning of Year - Book Value End of Year - Book Value
    LINE OF CREDIT 250,000 0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPENSATION CONSULTANT 20,000     20,000
    INVESTMENT MANAGEMENT FEES 229,187 229,187    
    ART APPRAISAL 6,191     6,191


    TY 2014 TaxesSchedule
    Name:
    CY TWOMBLY FOUNDATION
    EIN: 20-2572529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS FILING FEE 1,500     1,500
    TAXES - ROME 92     92