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
THE HERB ALPERT FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)1414 6TH STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA MONICA, CA90401
A Employer identification number

95-4191227
B Telephone number (see instructions)

(818) 528-3545
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$11,539,954J 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).............. 567,683
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 2,132 2,132  
4 Dividends and interest from securities...... 317,682 317,682  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,753,854
b Gross sales price for all assets on line 6a 8,723,983
7 Capital gain net income (from Part IV, line 2)... 5,753,854
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 13,800 13,800  
12 Total. Add lines 1 through 11........ 6,655,151 6,087,468  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 430,000 0   0
14 Other employee salaries and wages...... 200,201 0   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 8,670 0   0
b Accounting fees (attach schedule)....... Click to see attachment 20,150 10,075   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 49,021 6,615   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 338 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 504,001 149,904   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,212,381 166,594   0
25 Contributions, gifts, grants paid........ 4,639,500 4,639,500
26 Total expenses and disbursements. Add lines 24 and 25 5,851,881 166,594   4,639,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 803,270
b Net investment income (if negative, enter -0-) 5,920,874
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...............   15,399 15,399
2 Savings and temporary cash investments.......... 797,872 491,680 491,680
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   6 0 0
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........   3,454 3,454
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,190,359 Click to see attachment6,127,225 8,072,468
c Investments—corporate bonds (attach schedule)........ 44,316 Click to see attachment0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............. 1,493 1,493 1,594
13 Investments—other (attach schedule)........... 2,787,999 Click to see attachment2,986,403 2,954,852
14 Land, buildings, and equipment: basis bullet10,494
Less: accumulated depreciation (attach schedule) bullet9,987 846 Click to see attachment507 507
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,822,891 9,626,161 11,539,954
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 8,822,891 9,626,161
30 Total net assets or fund balances (see instructions)...... 8,822,891 9,626,161
31 Total liabilities and net assets/fund balances (see instructions).. 8,822,891 9,626,161
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 8,822,891
2 Enter amount from Part I, line 27a..................... 2 803,270
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 9,626,161
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 9,626,161
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 OCM PRINC OPPT FD IV P    
b OCM PRINC OPPT FD IV P    
c OCM PRINC OPPT FD IV AIF P    
d OCM PRINC OPPT FD VII P    
e OCM PRINC OPPT FD VII P    
BEACH POINT TOTAL RETURN FUND II P    
BEACH POINT TOTAL RETURN FUND II P    
OCM PRINC OPPT FD IV AIF P    
FOUR STAR FINANCIAL SERVICES P    
NORTHERN TRUST 1981 P    
NORTHERN TRUST 1984 P    
NORTHERN TRUST 1984 P    
BROADCOM CLASS ACTION P    
OCM PRINC OPPT FD IV P    
OCM PRINC OPPT FD VII P    
(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     43 -43
b 63,941     63,941
c     2,188 -2,188
d     5 -5
e 19,770     19,770
65,721     65,721
41,057     41,057
    23 -23
4,218     4,218
5,124,362   501,297 4,623,065
985,993   1,024,721 -38,728
2,404,875   1,441,852 963,023
65     65
3,140     3,140
10,841     10,841
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       -43
b       63,941
c       -2,188
d       -5
e       19,770
      65,721
      41,057
      -23
      4,218
      4,623,065
      -38,728
      963,023
      65
      3,140
      10,841
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 5,753,854
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 7,797,254 13,368,497 0.583256
2012 7,078,000 20,438,527 0.346307
2011 5,536,257 27,315,929 0.202675
2010 14,398,778 31,456,907 0.457730
2009 10,850,408 33,743,077 0.321560
2 Total of line 1, column (d) ...................... 2 1.911528
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 0.382306
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 11,341,614
5 Multiply line 4 by line 3....................... 5 4,335,967
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 59,209
7 Add lines 5 and 6......................... 7 4,395,176
8 Enter qualifying distributions from Part XII, line 4.............. 8 4,639,500
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 59,209
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 0
3 Add lines 1 and 2........................... 3 59,209
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 59,209
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 18,923
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 88,923
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
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 29,714
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet29,714 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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 changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbulletHERBALPERTFOUNDATION.ORG
    14
    The books are in care ofbulletBALTER MILLER KING FRAZIN LLP Telephone no.bullet (818) 528-3545
    Located atbullet16255 VENTURA BLVD SUITE 1250ENCINOCA ZIP+4bullet91436
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    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).
    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
    HERB ALPERT CHAIRMAN
    0.00     		0 0 0
    1414 SIXTH ST
    SANTA MONICA,CA90401
    LANI HALL ALPERT VICE CHAIR.
    0.00     		0 0 0
    1414 SIXTH ST
    SANTA MONICA,CA90401
    RONA SEBASTIAN PRESIDENT
    40.00     		430,000 0 0
    10595 ASTON AVE 101
    LOS ANGELES,CA90024
    PAUL FRIMMER CFO
    0.00     		0 0 0
    10100 SANTA MONICA BLVD STE 2200
    LOS ANGELES,CA90067
    IAN WIENER SECRETARY
    0.00     		0 0 0
    1800 AVENUE OF THE STARS 900
    LOS ANGELES,CA90067
    DAVID ALPERT ASSISTANT SECRETARY
    0.00     		0 0 0
    1414 SIXTH ST
    SANTA MONICA,CA90401
    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
    NANCEE ENYART EXECUTIVE ASST
    40.00     		100,423 0 0
    1414 SIXTH ST
    SANTA MONICA,CA90401
    MATTHEW WILDER PROGRAM OFFICER
    40.00     		99,778 0 0
    1414 SIXTH ST
    SANTA MONICA,CA90401
    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
    PORTFOLIO 21 INVESTMENT SERVICES 64,845
    721 NW NINTH AVE STE 250
    PORTLAND,OR97209
    C4 GLOBAL COMMUNICATIONS INC COMMUNICATION SERVICES 60,007
    1625 17TH ST SUITE 6
    SANTA MONICA,CA90404
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    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
    8,067,186
    b
    Average of monthly cash balances.......................
    1b
    402,451
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,044,692
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,514,329
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    11,514,329
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    172,715
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,341,614
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    567,081
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    567,081
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    59,209
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    59,209
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    507,872
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    507,872
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    507,872
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,639,500
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,639,500
    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
    59,209
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,580,291
    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 7 507,872
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 9,166,356
    b From 2010....... 12,839,873
    c From 2011....... 4,199,719
    d From 2012....... 6,106,839
    e From 2013....... 7,153,789
    fTotal of lines 3a through e......... 39,466,576
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 4,639,500
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 507,872
    e Remaining amount distributed out of corpus 4,131,628
    5 Excess distributions carryover applied to 2014. 0 0
    (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 43,598,204
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		9,166,356
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		34,431,848
    10 Analysis of line 9:
    a Excess from 2010.... 12,839,873
    b Excess from 2011.... 4,199,719
    c Excess from 2012.... 6,106,839
    d Excess from 2013.... 7,153,789
    e Excess from 2014.... 4,131,628
    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).)
    HERB ALPERT
    LANI HALL ALPERT
    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
    18TH STREET ARTS CENTER
    1639 18TH ST
    SANTA MONICA,CA90404     		NONE   CHARITABLE 25,000
    A WINDOW BETWEEN WORLDS
    710 4TH AVE STE 5
    VENICE,CA90291     		NONE   CHARITABLE 2,500
    AMERICAN COMPOSERS ORCHESTRA
    244 W 54TH ST 805
    NEW YORK,NY10019     		NONE   CHARITABLE 50,000
    AMERICANS FOR THE ARTS
    1000 VERMONT AVE NW
    WASHINGTON,DC20005     		NONE   CHARITABLE 125,000
    ANGEL CITY ARTS
    520 BAUGHMAN AVE
    CLAREMONT,CA91711     		NONE   CHARITABLE 20,000
    ARTS FOR LA
    1149 S HILL ST STE H100
    LOS ANGELES,CA90015     		NONE   CHARITABLE 5,000
    ARTWORXLA
    1140 N CITRUS AVE
    LOS ANGELES,CA90038     		NONE   CHARITABLE 25,000
    BOYS AND GIRLS CLUB OF SANTA MONICA
    1220 LINCOLN BLVD
    SANTA MONICA,CA90401     		NONE   CHARITABLE 15,000
    CA STATE SUMMER SCHOOL
    39 EAST WALNUT ST 8
    PASADENA,CA91103     		NONE   CHARITABLE 360,800
    CALIFORNIA ALLIANCE FOR ARTS EDUCATION
    495 COLORADO BLVD
    PASADENA,CA91101     		NONE   CHARITABLE 15,000
    CALIFORNIA CAREFORCE
    950 RESERVE DR
    ROSEVILLE,CA95678     		NONE   CHARITABLE 5,000
    CALIFORNIA DANCE INSTITUTE
    3131 OLYMPIC BLVD 202
    SANTA MONICA,CA90404     		NONE   CHARITABLE 37,000
    CALIFORNIA INSTITUTE OF THE ARTS
    24700 MCBEAN PARKWAY
    VALENCIA,CA91355     		NONE   CHARITABLE 619,000
    CALIFORNIA JAZZ FOUNDATION
    14156 MAGNOLIA BLVD
    SHERMAN OAKS,CA91423     		NONE   CHARITABLE 15,000
    CALIFORNIA STATE UNIVERSITY
    18111 NORDHOFF ST
    NORTHRIDGE,CA91330     		NONE   CHARITABLE 79,500
    CALIFORNIANS DEDICATED TO EDUCATION
    11501 DUBLIN BLVD
    DUBLIN,CA94568     		NONE   CHARITABLE 100,000
    CASA 0101
    2102 E FIRST ST
    LOS ANGELES,CA90033     		NONE   CHARITABLE 25,000
    CHP 11-99 FOUNDATION
    2244 N STATE COLLEGE
    FULLERTON,CA92831     		NONE   CHARITABLE 5,000
    CHRYSALIS
    1853 LINCOLN BLVD
    SANTA MONICA,CA90404     		NONE   CHARITABLE 100,000
    COMMUNITY ACTION PARTNERSHIP
    1300 N DOTTON AVE
    SANTA ROSA,CA95401     		NONE   CHARITABLE 5,000
    COMMUNITY ARTS PARTNERSHIP
    24700 MCBEAN PARKWAY
    VALENCIA,CA91355     		NONE   CHARITABLE 100,000
    COMMUNITY PARTNERS FBO
    1000 N ALAMEDA STS 240
    LOS ANGELES,CA90012     		NONE   CHARITABLE 25,000
    CONCERN FOUNDATION
    1026 S ROBERTSON BLVD
    LOS ANGELES,CA90035     		NONE   CHARITABLE 12,000
    CONTRA TIEMPO
    4058 TILDEN AVE
    CULVER CITY,CA90232     		NONE   CHARITABLE 15,000
    DREAM A WORLD EDUCATION INC
    256 ROBERTSON BLVD
    BEVERLY HILLS,CA90211     		NONE   CHARITABLE 20,000
    GABRIELLA AXELRAD FOUNDATION
    639 S COMMONWEALTH AVE
    LOS ANGELES,CA90005     		NONE   CHARITABLE 28,000
    GOOD PEOPLE FUND
    384 WYOMING AVE
    MILLBURN,CA07041     		NONE   CHARITABLE 150,000
    GRANTMAKERS IN THE ARTS
    4055 21ST AVE W
    SEATTLE,WA98119     		NONE   CHARITABLE 4,000
    HOMEBOY INDUSTRIES
    130 W BRUNO ST
    LOS ANGELES,CA90012     		NONE   CHARITABLE 75,000
    JAZZ EDUCATION NETWORK
    45 WHISPER DR
    WORCESTER,MA01609     		NONE   CHARITABLE 15,000
    JEWISH FAMILY SERVICE
    3580 WILSHIRE BLVD 700
    LOS ANGELES,CA90010     		NONE   CHARITABLE 5,150
    KJAZZ - CSULB RESEARCH
    1500 COTNER AVE
    LOS ANGELES,CA90025     		NONE   CHARITABLE 25,000
    LA GOAL
    4911 OVERLAND AVE
    CULVER CITY,CA90230     		NONE   CHARITABLE 2,500
    LA MUSIC AND ART SCHOOL
    3630 E 3RD ST
    LOS ANGELES,CA90063     		NONE   CHARITABLE 1,000
    LAURA'S HOUSE
    999 CORPORATE DR STE 225
    LADERA RANCH,CA92694     		NONE   CHARITABLE 5,000
    LEADERCOMM GLOBAL COMMUNITY
    1615 DUKE ST
    ALEXANDRIA,VA22314     		NONE   CHARITABLE 75,000
    LIBRARY FOUNDATION
    630 W 5TH ST
    LOS ANGELES,CA90071     		NONE   CHARITABLE 15,000
    LOS ANGELES CITY COLLEGE
    855 N VERMONT AVE
    LOS ANGELES,CA90029     		NONE   CHARITABLE 226,000
    LOS ANGELES COUNTY ARTS
    1055 WILSHIRE BLVD STE 800
    LOS ANGELES,CA90017     		NONE   CHARITABLE 100,000
    LOS ANGELES JAZZ SOCIETY
    5903 NOBLE AVE
    VAN NUYS,CA91411     		NONE   CHARITABLE 29,500
    LOS ANGELES PHILHARMONIC
    151 S GRAND AVE
    LOS ANGELES,CA90012     		NONE   CHARITABLE 25,000
    MADISON PROJECT FOUNDATION
    1900 PICO BLVD
    SANTA MONICA,CA90405     		NONE   CHARITABLE 30,000
    MODEST NEEDS FOUNDATION
    115 E 30TH ST
    NEW YORK,NY10016     		NONE   CHARITABLE 120,000
    NEIGHBORHOOD MUSIC SCHOOL
    358 S BOYLE AVE
    LOS ANGELES,CA90033     		NONE   CHARITABLE 10,000
    NEW ROADS HIGH SCHOOL
    3131 OLYMPIC BLVD 202
    SANTA MONICA,CA90404     		NONE   CHARITABLE 2,500
    OPERATION FREEDOM PAWS
    777 FIRST ST
    GILROY,CA95020     		NONE   CHARITABLE 5,000
    PASADENA ARTS COUNCIL
    65 SOUTH GRAND AVE
    PASADENA,CA91105     		NONE   CHARITABLE 20,000
    PEN CENTER WEST USA
    PO BOX 6037
    BEVERLY HILLS,CA90212     		NONE   CHARITABLE 25,000
    PLAZA DE LA RAZA
    3540 N MISSION RD
    LOS ANGELES,CA90031     		NONE   CHARITABLE 20,000
    PS ARTS
    1728 ABBOT KINNEY BLVD
    VENICE,CA90291     		NONE   CHARITABLE 262,750
    REDCAT
    24700 MCBEAN PARKWAY
    VALENCIA,CA91355     		NONE   CHARITABLE 75,000
    REDISCOVER
    12958 W WASHINGTON BLVD
    LOS ANGELES,CA90066     		NONE   CHARITABLE 15,000
    SANTA MONICA FIRE FIGHTERS
    PO BOX 1975
    SANTA MONICA,CA90406     		NONE   CHARITABLE 500
    SKIRBALL CULTURAL CENTER
    2701 N SEPULVEDA BLVD
    LOS ANGELES,CA90049     		NONE   CHARITABLE 25,000
    SOL-LA MUSIC ACADEMY
    1812 STANFORD ST
    SANTA MONICA,CA90404     		NONE   CHARITABLE 35,000
    SOUTHERN CALIFORNIA GRANTMAKERS
    1000 N ALAMEDA STS 240
    LOS ANGELES,CA90012     		NONE   CHARITABLE 8,300
    SYMPHONIC JAZZ ORCHESTRA
    PO BOX 1421
    CULVER CITY,CA90232     		NONE   CHARITABLE 10,000
    TEMPLE OF THE ARTS
    8440 WILSHIRE BLVD
    BEVERLY HILLS,CA90211     		NONE   CHARITABLE 50,000
    THE ACTORS' GANG
    9070 VENICE BLVD
    CULVER CITY,CA90232     		NONE   CHARITABLE 10,000
    THE ASCAP FOUNDATION
    ONE LINCOLN PLAZA
    NEW YORK,NY10023     		NONE   CHARITABLE 30,000
    THE CENTER ON PHILANTHROPY AND PUBLIC POLICY
    RALPH AND GOLDY LEWIS HALL 210
    LOS ANGELES,CA90089     		NONE   CHARITABLE 10,000
    THE GARDEN PROJECT
    PO BOX 24292
    SAN FRANCISCO,CA94124     		NONE   CHARITABLE 10,000
    THE GRAMMY MUSEUM FOUNDATION
    800 W OLYMPIC BLVD
    LOS ANGELES,CA90015     		NONE   CHARITABLE 25,000
    THE HARLEM SCHOOL OF THE ARTS
    645 ST NICHOLAS AVE
    NEW YORK,NY90030     		NONE   CHARITABLE 100,000
    THE HARMONY PROJECT
    817 VINE ST
    LOS ANGELES,CA90038     		NONE   CHARITABLE 150,000
    THE INTERNATIONAL TRUMPET
    PO BOX 2688
    DAVENPORT,IA52809     		NONE   CHARITABLE 25,000
    THE JAZZ BAKERY
    1836 BENEDICT CYN DR
    BEVERLY HILLS,CA90210     		NONE   CHARITABLE 50,000
    THE JAZZ FOUNDATION
    322 W 48TH ST
    NEW YORK,NY10036     		NONE   CHARITABLE 50,000
    THE OJAI FOUNDATION
    PO BOX 999
    OJAI,CA93024     		NONE   CHARITABLE 75,000
    THE SOLDIERS PROJECT
    4605 LANKERSHIM BLVD
    NORTH HOLLYWOOD,CA91602     		NONE   CHARITABLE 55,000
    THE SOUTHERN POVERTY LAW
    400 WASHINGTON AVE
    MONTGOMERY,AL36104     		NONE   CHARITABLE 25,000
    THE UCLA FOUNDATION
    5670 WILSHIRE BLVD STE 830
    LOS ANGELES,CA90036     		NONE   CHARITABLE 320,000
    THE WOODEN FLOOR
    1810 N MAIN ST
    SANTA ANA,CA92706     		NONE   CHARITABLE 5,000
    THE WORLD STAGE
    PO BOX 8694
    LOS ANGELES,CA90008     		NONE   CHARITABLE 10,000
    THELONIOUS MONK INSTITUTE
    5225 WISCONSIN AVE NW
    WASHINGTON,DC20015     		NONE   CHARITABLE 200,000
    UNIVERSITY OF OREGON
    1720 E 13TH AVE 410
    EUGENE,OR97403     		NONE   CHARITABLE 5,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    1149 S HILL ST STE H100
    LOS ANGELES,CA90015     		NONE   CHARITABLE 10,000
    UNUSUAL SUSPECTS THEATRE
    3719 VERDUGO RD
    LOS ANGELES,CA90065     		NONE   CHARITABLE 45,000
    VENICE ARTS
    1702 LINCOLN BLVD
    VENICE,CA90291     		NONE   CHARITABLE 28,000
    VIRGINIA AVENUE PROJECT
    1649 18TH ST
    SANTA MONICA,CA90404     		NONE   CHARITABLE 25,000
    VISION TO LEARN
    11611 SAN VICENTE BL
    LOS ANGELES,CA90049     		NONE   CHARITABLE 15,000
    VISTA DEL MAR CHILD AND FAMILY SERVICES
    3200 MOTOR AVE
    LOS ANGELES,CA90034     		NONE   CHARITABLE 10,000
    VIVER BRASIL DANCE COMPANY
    2141 N GOWER ST
    LOS ANGELES,CA90068     		NONE   CHARITABLE 2,500
    YOUNG STORYTELLERS FOUNDATION
    923 E THIRD ST
    LOS ANGELES,CA90013     		NONE   CHARITABLE 20,000
    YOUTH SPEAK COLLECTIVE
    444 SOUTH BRAND BLVD 201
    SAN FERNANDO,CA91340     		NONE   CHARITABLE 28,000
    Total .................................bullet 3a 4,639,500
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ............     		523000   14 2,132  
    4 Dividends and interest from securities.... 523000   14 317,682  
    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..... 522100   18 13,800  
    8
    Gain or (loss) from sales of assets other than inventory .............     		523000   18 5,753,854  
    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).. 0 6,087,468 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    136,087,468
    (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
    THE HERB ALPERT FOUNDATION
     
    Employer identification number

    95-4191227
    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
    THE HERB ALPERT FOUNDATION
          		Employer identification number

    95-4191227
    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
     
     

    HERB LANI ALPERT  
    1414 6TH STREET
     
    SANTA MONICA, CA90401

    		$275,166


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    PETER HALL ANNUITY TRUST  
    16255 VENTURA BLVD SUITE 1250
     
    ENCINO, CA91436

    		$245,066


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    HERB LANI ALPERT  
    1414 6TH STREET
     
    SANTA MONICA, CA90401

    		$47,451


    (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
    THE HERB ALPERT FOUNDATION
          		Employer identification number

    95-4191227
    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
    1
    		 8274 SHARES OF TIME WARNER AT $133.71 PER SHARE $ 1,106,317 2014-01-06
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 9000 SHARES OF AKAMAI TECH AT $56.44 PER SHARE $ 507,960 2014-04-03
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 9300 SHARES OF AKAMAI TECH AT $54.53 PER SHARE $ 507,129 2014-05-01
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 2200 SHARES OF AKAMAI TECH AT $55.09 PER SHARE $ 121,198 2014-06-03
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 5000 SHARES OF AKAMAI TECH AT $61.06 PER SHARE $ 305,300 2014-06-30
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 10098 SHARES OF PANDORA MEDIA AT $29.50 PER SHARE $ 297,891 2014-06-30
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Name of organization
    THE HERB ALPERT FOUNDATION
          		Employer identification number

    95-4191227
    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
    1
    		 1700 SHARES OF AKAMAI TECH AT $60.70 PER SHARE $ 103,190 2014-08-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 5000 SHARES OF AKAMAI TECH AT $61.82 PER SHARE $ 309,100 2014-09-08
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 6700 SHARES OF AKAMAI TECH AT $58.24 PER SHARE $ 390,208 2014-10-01
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 8400 SHARE OF AKAMAI TECH AT $59.02 PER SHARE $ 495,768 2014-11-05
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 6350 SHARES OF TIME WARNER AT $80.50 PER SHARE $ 511,175 2014-11-18
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 3200 SHARES OF APPLE INC. AT $112.40 PER SHARE $ 359,680 2014-12-08
    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
    THE HERB ALPERT FOUNDATION
          		Employer identification number

    95-4191227
    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:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 20,150 10,075   0

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

    TY 2014 DepreciationSchedule
    Name:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    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
    COMPUTER EQUIPMENT 2003-10-13 1,754 877 200DB 5.000000000000 0 0    
    OFFICE EQUIPMENT 2004-11-03 2,583 2,583 200DB 5.000000000000 0 0    
    OFFICE EQUIPMENT 2004-11-15 2,834 2,834 200DB 5.000000000000 0 0    
    OFFICE EQUIPMENT 2006-03-03 1,211 1,211 200DB 5.000000000000 0 0    
    OFFICE EQUIPMENT 2013-05-31 2,112 211 200DB 5.000000000000 338 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    Name of Bond End of Year Book Value End of Year Fair Market Value
    50,000 WELLS FARGO & CO 0 0

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITY SECURITIES HELD AT NORTHERN TRUST A/C#1981 324,636 83,777
    EQUITY SECURITIES HELD AT NORTHERN TRUST A/C#1984 5,802,589 7,988,691

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT-OCM PRINCIP OPPORT FD IV FMV 355,982 467,301
    . FMV 7,484 33,762
    INVESTMENT-OCM PRINCIP OPPORT FD VII FMV 176,573 145,084
    INVESTMENT-OCM PRINCIP OPPORT FD VII AIF FMV 49,124 60,529
    INVESTMENT- BEACH POINT TOTAL RETURN FD FMV 2,397,240 2,248,176

    TY 2014 LandEtcSchedule2
    Name:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 1,754 1,754 0  
    OFFICE EQUIPMENT 2,583 2,583 0  
    OFFICE EQUIPMENT 2,834 2,834 0  
    OFFICE EQUIPMENT 1,211 1,211 0  
    OFFICE EQUIPMENT 2,112 1,605 507  


    TY 2014 LegalFeesSchedule
    Name:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 8,670 0   0


    TY 2014 OtherExpensesSchedule
    Name:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUTO 3,360 0   0
    CONTRACT SERVICES 3,200 0   0
    DUES AND SUBSCRIPTIONS 5,044 0   0
    HOSPITALITY 1,515 0   0
    PUBLIC RELATIONS 127,105 0   0
    EQUIPMENT REPAIRS 1,313 0   0
    FREIGHT / MESSENGER 71 0   0
    INSURANCE 4,489 0   0
    INVESTMENT FEES 106,262 106,262   0
    OFFICE EXPENSE 4,544 0   0
    TELEPHONE 1,462 0   0
    COMPUTER ON-LINE 599 0   0
    FEES ON FOREIGN DIVIDENDS 750 750   0
    PAYROLL PROCESSING 2,261 0   0
    TRAVEL 14,781 0   0
    EMPLOYEE BENEFITS 144,910 0   0
    POSTAGE 86 0   0
    EDUCATION/SEMINARS 1,450 0   0
    OCM PRINC OPP FD IV OTHER DEDUCTIONS 5,611 5,611   0
    OCM PRINC OPP FD IV AIF OTHER DEDUCTIONS 663 663   0
    BEACH POINT TOTAL FUND II- INTEREST EXPENSE 1,734 1,734   0
    OCM PRINC OPP FD VII OTHER DEDUCTIONS 4,768 4,768   0
    BEACH POINT TOTAL FUND II- OTHER DEDUCTIONS 29,718 29,718   0
    OCM PRINC OPP FD VII AIF - PORTFOLIO DEDUCTIONS 398 398   0
    BUILDING - REPAIRS & MAINTENANCE 10,145 0   0
    BUILDING - SECURITY 789 0   0
    BUILDING - UTILITIES 5,363 0   0
    BUILDING - OVERHEAD COSTS 11,508 0   0
    BUILDING - SUPPLIES 860 0   0
    BUILDING - INSURANCE 7,007 0   0
    OCM PRINC OPP FD IV AIF ORD. LOSS (UBTI) 2,235 0   0


    TY 2014 OtherIncomeSchedule2
    Name:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OCM PRINC OPP FD IV 181 181 181
    OCM PRINC OPP FD IV AIF 8 8 8
    OCM PRINC OPP FD VII 418 418 418
    BEACH POINT TOTAL RETURN FUND II 13,193 13,193 13,193
    OCM PRINC OPP FD IV AIF 0 0 0


    TY 2014 SubstantialContributorsSch
    Name:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    Name Address
    HERB AND LANI ALPERT 1414 SIXTH STREET
    SANTA MONICA,CA90401
     
          		16255 VENTURA BLVD 1250
    ENCINO,CA91436


    TY 2014 TaxesSchedule
    Name:
    THE HERB ALPERT FOUNDATION
    EIN: 95-4191227
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 30,325 0   0
    FOREIGN TAX 6,310 6,310   0
    BUILDING - PROPERTY TAX 11,779 0   0
    STATE TAXES 160 0   0
    FOREIGN TAX - PARTNERSHIPS 305 305   0
    TAX AND LICENSES 142 0   0