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
Skolnick Family Charitable Trust
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside R   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

11-6462058
B Telephone number (see instructions)

(800) 839-1754
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$45,125,442J 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).............. 10,119,939
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 3,761 3,761  
4 Dividends and interest from securities...... 1,963,811 1,963,811  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,223,690
b Gross sales price for all assets on line 6a 1,960,537
7 Capital gain net income (from Part IV, line 2)... 1,304,389
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 -424,170 -385,435  
12 Total. Add lines 1 through 11........ 12,887,031 2,886,526  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 360,064 237,833   122,231
15 Pension plans, employee benefits....... 14,490 9,490   5,000
16a Legal fees (attach schedule)......... Click to see attachment 6,164 0 0 6,164
b Accounting fees (attach schedule)....... Click to see attachment 7,613 0 0 7,613
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 172,075 26,075    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 165,075 10,255   124,100
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 725,481 283,653 0 265,108
25 Contributions, gifts, grants paid........ 1,289,327 1,289,327
26 Total expenses and disbursements. Add lines 24 and 25 2,014,808 283,653 0 1,554,435
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,872,223
b Net investment income (if negative, enter -0-) 2,602,873
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............... 771,422    
2 Savings and temporary cash investments.......... 832,934 8,976,069 8,976,069
3 Accounts receivable bullet109,529
Less: allowance for doubtful accounts bullet     109,529 109,529
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) 427,146 Click to see attachment427,146 513,613
b Investments—corporate stock (attach schedule)........ 8,868,255 Click to see attachment12,762,614 13,280,934
c Investments—corporate bonds (attach schedule)........ 8,429,149 Click to see attachment8,030,103 8,626,441
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 14,690,705 Click to see attachment14,603,007 13,618,856
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) 18,955    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 34,038,566 44,908,468 45,125,442
Liabilities 17 Accounts payable and accrued expenses.......... 2,321  
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).......... 2,321 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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 34,036,245 44,908,468
30 Total net assets or fund balances (see instructions)...... 34,036,245 44,908,468
31 Total liabilities and net assets/fund balances (see instructions).. 34,038,566 44,908,468
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 34,036,245
2 Enter amount from Part I, line 27a..................... 2 10,872,223
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 44,908,468
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 44,908,468
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain      
c CAPITAL GAIN DISTRIBUTIONS      
d DISTRIBUTIONS IN EXCESS OF BASIS      
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 1,960,537   1,846,677 113,860
b       863,520
c       296,032
d       30,977
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       113,860
b        
c        
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 1,304,389
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 1,492,321 31,185,992 0.047852
2012 1,001,604 25,982,468 0.038549
2011 708,563 17,660,217 0.040122
2010 785,324 15,905,858 0.049373
2009 592,212 12,565,879 0.047129
2 Total of line 1, column (d) ...................... 2 0.223025
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 0.044605
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 40,415,840
5 Multiply line 4 by line 3....................... 5 1,802,749
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 26,029
7 Add lines 5 and 6......................... 7 1,828,778
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,554,435
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 52,057
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 52,057
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 52,057
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 107,595
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 107,595
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 55,538
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet52,100 RefundedBullet 11 3,438
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletNY
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
     
    .........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
     
     
    .........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
    Barry Skolnick Trustee
    10.0     		0    
    Foundation Source 501 Silverside R
    Wilmington,DE198091377
    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
    AARON FISCHER COO / CIO
    30.0     		356,731    
    410 OCEAN AVENUE
    LYNBROOK,NY11563
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Foundation Source Administrative 123,000
    55 Walls Drive 3rd fl
    Fairfield,CT06824
    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
    24,011,910
    b
    Average of monthly cash balances.......................
    1b
    4,729,903
    c
    Fair market value of all other assets (see instructions)................
    1c
    12,289,497
    d
    Total (add lines 1a, b, and c).........................
    1d
    41,031,310
    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
    41,031,310
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    615,470
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    40,415,840
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,020,792
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,020,792
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    52,057
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    52,057
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,968,735
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,968,735
    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
    1,968,735
    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
    1,554,435
    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
    0
    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
    1,554,435
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,554,435
    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 1,968,735
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 790,498
    b Total for prior years:2012, 2011, 2010  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,554,435
    a Applied to 2013, but not more than line 2a 790,498
    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..... 763,937
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		1,204,798
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014.... 0
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    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
    AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE
    633 3RD AVE FL 20
    NEW YORK,NY10017     		N/A PC General & Unrestricted 100,000
    AMERICAN FRIENDS OF RABIN MEDICAL CENTER INC
    636 BROADWAY RM 218
    NEW YORK,NY10012     		N/A PC General & Unrestricted 6,000
    AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INC
    ONE BATTERY PARK PLZ 25TH FL
    NEW YORK,NY10004     		N/A PC Fellows Scholarship Fund 100,000
    AMERICAN JEWISH COMMITTEE
    165 E 56TH ST
    NEW YORK,NY10022     		N/A PC General & Unrestricted 100,000
    AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC
    711 3RD AVE
    NEW YORK,NY10017     		N/A PC General & Unrestricted 1,765
    AMERICAN SOCIETY FOR TECHNION- ISRAEL INSTITUTE
    55 E 59TH ST
    NEW YORK,NY10022     		N/A PC General & Unrestricted 50,000
    ASCENT A SCHOOL FOR INDIVIDUALS WITH AUTISM
    819 GRAND BLVD STE A
    DEER PARK,NY11729     		N/A PC General & Unrestricted 50,000
    BAILEY HOUSE INC
    1751 PARK AVE 3RD FL
    NEW YORK,NY10035     		N/A PC General & Unrestricted 50,000
    BARRY & FLORENCE FRIEDBERG JEWISH COMMUNITY CENTER
    15 NEIL CT
    OCEANSIDE,NY11572     		N/A PC Skolnick Family Charitable Trust Programs Fund 15,000
    BARRY & FLORENCE FRIEDBERG JEWISH COMMUNITY CENTER
    15 NEIL CT
    OCEANSIDE,NY11572     		N/A PC Sunrise Day Camp Program 15,000
    BIRTHRIGHT ISRAEL FOUNDATION
    33 E 33RD ST 7TH FL
    NEW YORK,NY10016     		N/A PC General & Unrestricted 125,000
    BOARD OF JEWISH EDUCATION INC DBA THE JEWISH EDUCA
    520 8TH AVE
    NEW YORK,NY10018     		N/A PC General & Unrestricted 70,000
    BRANDEIS SCHOOL INC
    25 FROST LN
    LAWRENCE,NY11559     		N/A PC scholarship fund 30,000
    CENTURION FOUNDATION INC
    85 W HAWTHORNE AVE
    VALLEY STREAM,NY11580     		N/A PC General & Unrestricted 12,500
    COMMUNITY ACCESS INC
    2 WASHINGTON ST 9TH FL
    NEW YORK,NY10004     		N/A PC General & Unrestricted 2,500
    CONGREGATION BNAI SHOLOM OF CONTRA COSTA COUNTY
    74 ECKLEY LN
    WALNUT CREEK,CA94596     		N/A PC General & Unrestricted 1,000
    FREEHOLD AREA OPEN DOOR INC
    PO BOX 1073
    FREEHOLD,NJ07728     		N/A PC General & Unrestricted 1,000
    FRIENDS OF THE ISRAEL DEFENSE FORCES
    1430 BROADWAY
    NEW YORK,NY10018     		N/A PC General & Unrestricted 10,000
    GAY MENS HEALTH CRISIS INC
    446 W 33RD ST
    NEW YORK,NY10001     		N/A PC General & Unrestricted 2,500
    HAMBURG UNITED METHODIST CHURCH
    116 UNION ST
    HAMBURG,NY14075     		N/A PC Playground Committee Program 5,000
    HEWLETT-EAST ROCKAWAY JEWISH CENTRE
    295 MAIN ST
    EAST ROCKAWAY,NY11518     		N/A PC General & Unrestricted 7,163
    HEWLETT-EAST ROCKAWAY JEWISH CENTRE
    295 MAIN ST
    EAST ROCKAWAY,NY11518     		N/A PC Patron's Society Division 1,800
    HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE
    201 STONEY BROOK UNION
    STONY BROOK,NY11794     		N/A PC university for a Day program 40,000
    HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE-UNIVE
    1400 WASHINGTON DR
    ALBANY,NY12222     		N/A PC General & Unrestricted 10,000
    HOLOCAUST MEMORIAL & EDUCATIONAL CENTER OF NASSAU
    100 CRESCENT BEACH RD
    GLEN COVE,NY11542     		N/A PC Transportation for students/ school districts to the Holocaust Memorial and Tolerance Center of Nassau County 50,000
    INFINITE FAMILY
    475 RIVERSIDE DR STE 1372
    NEW YORK,NY10115     		N/A PC General & Unrestricted 5,000
    ISRAEL CONGREGATION OF MANCHESTER
    PO BOX 1050
    MANCHESTR CTR,VT05255     		N/A PC General & Unrestricted 2,500
    JEWISH ACADEMY OF SUFFOLK COUNTY
    74 HAUPPAUGE RD
    COMMACK,NY11725     		N/A PC General & Unrestricted 2,500
    JEWISH CHILD CARE ASSOCIATION OF NEW YORK
    858 E 29TH ST
    BROOKLYN,NY11210     		N/A PC General & Unrestricted 40,000
    JEWISH FEDERATION OF GREATER MONMOUTH COUNTY
    960 HOLMDEL RD BLDG 2 2ND FL
    HOLMDEL,NJ07733     		N/A PC General & Unrestricted 6,500
    JEWISH FUNDERS NETWORK
    150 W 30TH ST
    NEW YORK,NY10001     		N/A PC General & Unrestricted 3,899
    JEWISH THEOLOGICAL SEMINARY OF AMERICA
    3080 BROADWAY
    NEW YORK,NY10027     		N/A PC University for a day program 75,000
    MEALS ON WHEELS PROGRAMS & SERVICES OF ROCKLAND
    121 W NYACK RD
    NANUET,NY10954     		N/A PC General & Unrestricted 1,000
    MEOR INC
    PO BOX 279
    POMONA,NY10970     		N/A PC General & Unrestricted 100,000
    MOUNT SINAI MEDICAL CENTER FOUNDATION INC
    4300 ALTON RD
    MIAMI BEACH,FL33140     		N/A PC General & Unrestricted 20,000
    NASSAU COUNTY POLICE DEPARTMENT FOUNDATION INC
    734 FRANKLIN AVE 189
    GARDEN CITY,NY11530     		N/A PC General & Unrestricted 10,000
    NATIONAL STUTTERING ASSOCIATION
    119 W 40TH ST FL 14
    NEW YORK,NY10018     		N/A PC General & Unrestricted 5,000
    PANCREATIC CANCER ACTION NETWORK INC
    1500 ROSECRANS AVE STE 200
    MANHATTAN BCH,CA90266     		N/A PC General & Unrestricted 50,000
    SID JACOBSON JEWISH COMMUNITY CENTER INC
    300 FOREST DR
    GREENVALE,NY11548     		N/A PC educational and social programs 50,000
    TEMPLE SINAI OF NEWINGTON INC
    606 FARMINGTON AVE
    HARTFORD,CT06105     		N/A PC General & Unrestricted 7,200
    USDAN CENTER FOR THE CREATIVE AND PERFORMING ARTS
    185 COLONIAL SPRINGS RD
    WHEATLEY HEIGHTS,NY11798     		N/A PC General & Unrestricted 50,000
    YESHIVA AND MESIVTA TORAS CHAIM OF GREATER NY
    1170 WILLIAM ST
    HEWLETT,NY11557     		N/A PC General & Unrestricted 4,500
    Total .................................bullet 3a 1,289,327
    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 ............     		    14 3,761  
    4 Dividends and interest from securities....     14 1,963,811  
    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 1,223,690  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aK-1 Inc/Loss 525990 -38,735 14 -385,435  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -38,735 2,805,827  
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,767,092
    (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
    Skolnick Family Charitable Trust
     
    Employer identification number

    11-6462058
    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
    Skolnick Family Charitable Trust
          		Employer identification number

    11-6462058
    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
     
     

    Estate of Allen Skolnick  
    c/o Aaron Fischer 410 Ocean Ave
     
    Lynbrook, NY11563

    		$10,119,939


    (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
    Skolnick Family Charitable Trust
          		Employer identification number

    11-6462058
    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
    		 CHICAGO-LOUISVILLE HOLDINGS, LLC CHI-LOU, 1 sh. $ 90,598 2014-04-21
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 SILVER ROCK ABERNATHY HOLDINGS, LLC ABERNATHY, 1 sh. $ 227,181 2014-04-21
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HG HOLLY HALL HOLDINGS, LLC HG HOLLY, 1 sh. $ 189,306 2014-04-21
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HGI OPPORTUNITY SELECT FUND II HGIOPPII, 1 sh. $ 870,811 2014-04-21
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 NEW YORK PLAZA HOLDINGS, LLC NYPLAZA, 1 sh. $ 0 2014-04-21
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 VIRGINIA MULTIFAMILY HOLDINGS, LLC VAMULTI, 1 sh. $ 193,773 2014-04-21
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Name of organization
    Skolnick Family Charitable Trust
          		Employer identification number

    11-6462058
    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
    		 NANO HOLDINGS LLC NANOLLC, 500,000 ser a $ 189,714 2014-03-31
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 TSASC INc ny 5.0% 6/1/26 1,500,000 sh $ 1,403,325 2014-08-20
    (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
    Skolnick Family Charitable Trust
          		Employer identification number

    11-6462058
    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:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax Return Preparation/Review 7,613     7,613

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

    TY 2014 DepreciationSchedule
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    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

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

    TY 2014 ExpenditureResponsibilityStmt
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    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
     
          		1201 Broadway Ste 504
    New York,NY10010     		2014-01-16 50,000 General Operating Support 50,000 NO 5/21/14   none necessary

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALCOA INC - 5.870% - 02/23/202 97,301 112,177
    ALCOA INC - 6.75% - 07/15/2018 98,201 113,499
    ALCOA INC BD - 5.900% - 02/01/ 253,404 282,670
    AMERICAN EXPRESS - 8.15% - 3/1 47,650 81,054
    ARCELORMITTAL - 6.250% - 02/25 305,569 318,750
    BANC ONE - 7.75% - 07/15/2025 570,000 780,460
    BANK ONE CAPITAL - 8.750% - 09 50,749 75,606
    BELLSOUTH TELECOMMUNTNS - 7.00 500,000 696,728
    CATERPILLAR INC NTS - 7.900% - 50,844 61,360
    CENTURY TEL - 6.875% - 01/15/2 97,626 99,000
    CENTURYLINK INC NOTE - 6.450% 104,053 108,250
    CHESAPEAKE ENERGY CORP - 6.500 252,732 265,625
    CHESAPEAKE ENERGY CORP - 7.250 77,784 82,406
    COMCAST CORP - 9.455% - 11/15/ 11,458 14,827
    COMSTOCK RES INC SR NT - 7.750 709,687 365,160
    FORD HOLDINGS INC - 9.300% - 0 280,938 342,870
    FORD MOTOR CO - 6.500% - 08/01 717,971 808,765
    FORD MTR - 7.500% - 08/01/2026 62,666 72,122
    FORTUNE BRANDS INC - 6.625% - 19,818 24,485
    FRONTIER COMMUNICATIONS - 7.12 147,708 152,513
    GAP INC - 5.950% - 04/12/2021 516,091 610,691
    GE CAP CORP - 5.200% - 07/15/2 103,189 112,263
    GE CAP CORP - 5.250% - 7/15/20 83,577 90,907
    GOLDMAN SACHS GP INC - 5.950% 103,578 118,703
    GOLDMAN SACHS GROUP INC - 6.75 141,975 196,970
    GOODYEAR TIRE & RUBBER - 7.000 179,856 189,438
    INGERSOLL RAND CO - 9.000% - 0 108,286 131,470
    JEFFERIES GROUP INC - 6.450% - 98,755 106,556
    JEFFERIES GROUP INC NTS - 8.50 273,427 301,615
    JONES APPAREL GROUP INC - 6.87 251,257 176,400
    LEHMAN BRTH HLD ESCROW DPS - 7 50,000  
    MERRILL LYNCH - 6.220% - 09/15 19,170 24,155
    METLIFE INC - 7.717% - 02/15/2 146,478 184,676
    MORGAN STANLEY - 5.750% - 01/2 100,264 117,138
    MORGAN STANLEY - 6.250% - 08/0 101,874 124,803
    RADIOSHACK CORP SR NT-6.75%-05 76,007 15,000
    SOUTHERN POWER CO - 6.375% - 1 101,820 103,614
    SPRINT NEXTEL CORP - 8.375% - 324,462 325,500
    SPRINT NEXTEL CORP BD - 6.000% 49,731 52,375
    US STEEL CORP NT - 7.375% - 04 255,267 257,500
    US STEEL CORP NT - 7.500% - 03 252,164 252,500
    VERIZON COMMUNICATIONS - 6.350 157,785 183,900
    WEYERHAEUSER CO - 6.950% - 10/ 78,931 91,940

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN REALTY CAPITAL PROPER 5,658,598 4,614,536
    AMERICAN RLTY CAP PPTYS INC PF 1,616,843 1,734,910
    APOLLO INVESTMENT CORP 33,716 37,408
    BARCLAYS BANK PLC PRFD 'C' 50,000 52,340
    BARCLAYS BANK PLC SER 3 - 7.10 50,000 52,260
    CENTURY LINK INC 77,925 74,340
    DEUTSCHE BANK CAP 50,000 50,780
    FIRST ENERGY CORP 38,935 40,330
    GOLDMAN SACHS GROUP INC PFD - 50,000 50,760
    ING GROEP NV - 6.375% - PERPET 25,000 25,680
    ING GROUP NV - 7.375% - PERPE 50,000 51,560
    MORGAN STANLEY CAP TRUST 6.45% 25,000 25,500
    NEW YORK REIT INC 3,441,820 4,172,000
    REALTY INCOME CORP 490,049 597,410
    SOUTHERN COPPER CORP 63,185 54,560
    VENTAS INC 1,041,543 1,646,560

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    427,146
    State & Local Government Securities - End of Year Fair Market Value:


    513,613


    TY 2014 InvestmentsOtherSchedule2
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARC HOSPITALITY TRUST, INC   1,500,000 1,666,667
    ARC INCOME PROPERTIES IV, LLC   506,000 544,075
    ARC TRUST V, INC   1,932,083 2,088,889
    ATLANTA-DALLAS HOLDINGS, LLC   46,970 12,103
    BALTIMORE PORTFOLIO HOLDINGS   295,194 186,444
    BOARDWALK PIPELINE PARTNERS LP   60,328 30,520
    BREITBURN ENERGY PARTNERS, L.P   25,224 13,120
    BUSINESS DEVELOPMENT CORP   844,287 949,934
    CHICAGO-LOUISVILLE HOLDINGS   91,100 25,910
    DANBURY MULTIFAMILY HOLDINGS   425,052 425,051
    EAGLE ROCK ENERGY PARTNERS, LP   234,949 59,500
    FLORIDA MULTIFAMILY HOLDINGS   209,710 209,710
    GENESIS ENERGY, L.P.   5,496 6,110
    HG BELLA MADERA PREFERRED HOLD   374,321 368,160
    HG HAMPTONS HOLDING CO LLC   86,235 0
    HG HOLLY HALL HOLDINGS, LLC   200,508 79,078
    HG MULTIFAMILY PREFERRED   627,439 345,208
    HG NNN PORTFOLIO HOLDINGS, LLC   200,377 182,565
    HG PREFERRED EQUITY HOLDINGS   232,553 228,331
    HG ST. LOUIS PREFERRED, LLC   26,836 10,072
    HGI OPPORTUNITY SELECT FUND II   1,600,115 1,662,740
    K & S MEBANE RESIDENTIAL I LLC   155,235 155,235
    LAKESHORE PRESTON HOLDINGS, LL   96,675 0
    LAS VEGAS NNN HOLDINGS, LLC   89,836 89,836
    MARYLAND FLORIDA MULTI-FAMILY   36,001 36,001
    NANO HOLDINGS LLC   168,624 197,764
    NASHVILLE DALLAS HOLDINGS, LLC   47,829 6,608
    NASHVILLE PORTFOLIO HOLDINGS   318,985 318,985
    NEW YORK PLAZA HOLDINGS, LLC   0 2,656
    PARAMOUNT CROSSINGS AT MT LAUR   0 0
    PARAMOUNT LMS PORTFOLIO LLC   3,000,000 3,000,000
    PARAMOUNT PAD AT MARLTON, LLC   0 0
    PARAMOUNT PAD AT MT. LAUREL   0 0
    PARAMOUNT REALTY SHOPPING CTR   388,131 388,130
    PLAINS ALL AMERICAN PIPELINE   98,341 110,338
    PRIVATE EQUITY PORTFOLIO FUND   112,698 76,371
    SILVER ROCK ABERNATHY HOLDINGS   209,829 0
    TIDEWATER HOLDINGS CO, LLC   66,345 0
    TRG GROWTH PARTNERSHIP   106,169 120,343
    VIRGINIA MULTIFAMILY HOLDINGS   183,532 22,402

    TY 2014 LegalFeesSchedule
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 6,164     6,164


    TY 2014 OtherExpensesSchedule
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 123,000     123,000
    Bank Charges 103 103    
    K-1 EXP BALTIMORE PORTFOLIO 2      
    K-1 EXP BOARDWALK PIPELINE 13 4    
    K-1 EXP BREITBURN ENERGY 7,471      
    K-1 EXP EAGLE ROCK ENERGY 23,106      
    K-1 Exp GENESIS ENERGY, L.P. 8 7    
    K-1 EXP HG BELLA MADERA 29      
    K-1 EXP HG MULTIFAMILY 1,852 1,851    
    K-1 EXP HG PREFERRED EQUITY 1,805 1,805    
    K-1 Exp HGI OPPORTUNITY SELECT 4,674 4,671    
    K-1 Exp NANO HOLDINGS LLC 53      
    K-1 EXP NASHVILLE DALLAS 3 3    
    K-1 EXP PLAINS ALL AMERICAN 357 312    
    K-1 EXP PRIVATE EQUITY 1,455 1,455    
    K-1 EXP TIDEWATER HOLDINGS CO 40 40    
    K-1 EXP VIRGINIA MULTIFAMILY 4 4    
    Office Supplies 163     163
    Payroll Processing Fees 937     937


    TY 2014 OtherIncomeSchedule2
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss ATLANTA-DALLAS HOLDINGS -19,898 -19,898  
    K-1 Inc/Loss BALTIMORE PORTFOLIO -19,532 -19,532  
    K-1 Inc/Loss BELLA VIDA PROPERTIES LLC -1,390 -1,390  
    K-1 Inc/Loss BOARDWALK PIPELINE PARTNERS -2,767 4  
    K-1 Inc/Loss BREITBURN ENERGY PARTNERS 2,294    
    K-1 Inc/Loss CHICAGO-LOUISVILLE 1,820 1,820  
    K-1 Inc/Loss DANBURY MULTIFAMILY -37,074 -37,074  
    K-1 Inc/Loss EAGLE ROCK ENERGY PARTNERS -1,109 1,053  
    K-1 Inc/Loss FLORIDA MULTIFAMILY -21,398    
    K-1 Inc/Loss GENESIS ENERGY, L.P. -638 31  
    K-1 Inc/Loss HG BELLA MADERA PREFERRED -40,969 -40,969  
    K-1 Inc/Loss HG HAMPTONS HOLDING CO LLC 12,697 12,697  
    K-1 Inc/Loss HG HOLLY HALL HOLDINGS, LLC 3,352 3,352  
    K-1 Inc/Loss HG MULTIFAMILY PREFERRED 35,764 35,764  
    K-1 Inc/Loss HG NNN PORTFOLIO HOLDINGS 6,737 6,737  
    K-1 Inc/Loss HG ST. LOUIS PREFERRED, LLC 671 671  
    K-1 Inc/Loss HGI OPPORTUNITY SELECT FUND II -164,006 -164,335  
    K-1 Inc/Loss K & S MEBANE RESIDENTIAL -10,010 -10,010  
    K-1 Inc/Loss LAKESHORE PRESTON HOLDINGS -2,856 -2,856  
    K-1 Inc/Loss LAS VEGAS NNN HOLDINGS, LLC 6,572 6,572  
    K-1 Inc/Loss MARYLAND FLORIDA MULTI -13,980 -13,980  
    K-1 Inc/Loss NANO HOLDINGS LLC -14,737 -14,737  
    K-1 Inc/Loss NASHVILLE DALLAS HOLDINGS -7,373 -7,373  
    K-1 Inc/Loss NASHVILLE PORTFOLIO -96,918 -96,918  
    K-1 Inc/Loss PARAMOUNT CROSSINGS AT MT 19 19  
    K-1 Inc/Loss PARAMOUNT PAD AT MARLTON 3,050 9  
    K-1 Inc/Loss PARAMOUNT PAD AT MT. lAUREL 12 12  
    K-1 Inc/Loss PARAMOUNT REALTY SHOPPING -10,638 174  
    K-1 Inc/Loss PLAINS ALL AMERICAN -6,534 53  
    K-1 Inc/Loss PRIVATE EQUITY PORTFOLIO 553 553  
    K-1 Inc/Loss SILVER ROCK ABERNATHY -14,733 -14,733  
    K-1 Inc/Loss TIDEWATER HOLDINGS CO, LLC -7,232 -7,232  
    K-1 Inc/Loss VIRGINIA MULTIFAMILY -3,919 -3,919  


    TY 2014 SubstantialContributorsSch
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    Name Address
    Estate of Allen Skolnick c/o Aaron Fischer 410 Ocean Ave
    Lynbrook,NY11563


    TY 2014 TaxesSchedule
    Name:
    Skolnick Family Charitable Trust
    EIN: 11-6462058
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 26,000      
    990-PF Extension for 2014 120,000      
    STATE TAX WITHHOLDINGS 26,075 26,075