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
WHITEHALL FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 3423   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALM BEACH, FL33480
A Employer identification number

13-5637595
B Telephone number (see instructions)

(561) 655-4474
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$104,880,076
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 1,481 1,481  
4 Dividends and interest from securities...... 2,386,875 2,386,875  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 20,765,957
b Gross sales price for all assets on line 6a 72,585,475
7 Capital gain net income (from Part IV, line 2)... 20,765,957
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)....... 18,421 18,421  
12 Total. Add lines 1 through 11........ 23,172,734 23,172,734  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 168,750 126,563   42,188
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 15,721 11,791   3,930
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 103,873 25,968   77,905
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 237,386 234,938   2,449
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 45,385 0   45,385
21 Travel, conferences, and meetings....... 23,910 0   23,910
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 124,799 15,200   109,600
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 719,824 414,460   305,367
25 Contributions, gifts, grants paid........ 5,624,587 5,624,587
26 Total expenses and disbursements. Add lines 24 and 25 6,344,411 414,460   5,929,954
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 16,828,323
b Net investment income (if negative, enter -0-) 22,758,274
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...............      
2 Savings and temporary cash investments.......... 6,243,263 2,312,694 2,312,694
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 12,240,126 Click to see attachment18,469,473 18,228,056
b Investments—corporate stock (attach schedule)........ 55,629,363 Click to see attachment70,758,338 64,851,797
c Investments—corporate bonds (attach schedule)........ 20,800,815 Click to see attachment20,108,753 19,487,529
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 94,913,567 111,649,258 104,880,076
Liabilities 17 Accounts payable and accrued expenses.......... 257  
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment104,069 Click to see attachment11,694
23 Total liabilities (add lines 17 through 22).......... 104,326 11,694
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......... 98,202,391 115,030,714
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -3,393,150 -3,393,150
30 Total net assets or fund balances (see instructions)...... 94,809,241 111,637,564
31 Total liabilities and net assets/fund balances (see instructions).. 94,913,567 111,649,258
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 94,809,241
2 Enter amount from Part I, line 27a..................... 2 16,828,323
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 111,637,564
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. 6 111,637,564
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 3000 HOME DEPOT P   2015-09-11
b 1000 ABBOT P   2015-09-11
c 1500 CATERPILLA P   2015-09-11
d 1200 CHEMOURS P   2015-09-11
e 1400 CHEVRON P   2015-09-11
1900 CONOCOPHILLIPS P   2015-09-11
1000 METLIFE INC P   2015-09-11
3000 MICROSOFT CORP P   2015-09-11
1000 ABBVIE ONC P   2015-09-11
1000 BLACKROCK INC P   2015-09-11
3000 WALT DISNEY CO P   2015-09-11
3000 E I DU PONT DE NEMOURS & CO P   2015-09-11
3000 RAYTHEON CO P   2015-09-11
37178 JPM US LARGE CAP CORE PLUS FD P   2015-09-16
5400 SPDR S&P 500 ETF TRUST P   2015-09-16
124875.125 JPM MANAGED INC FD P   2015-09-25
114259.598 DOUBLELINE TOTAL RET BD-I P   2015-09-25
3000 BLACKROCK INC P   2015-09-25
9700 CONAGRA FOODS INC P   2015-09-25
14500 WALT DISNEY CO P   2015-09-25
3000 E I DU PONT DE NEMOURS & CO P   2015-09-25
15000 HOME DEPOT INC P   2015-09-25
3500 RAYTHEON CO P   2015-09-25
11000 ABBOTT LABORATORIES P   2015-09-25
11000 ABBVIE INC P   2015-09-25
17000 METLIFE INC P   2015-09-25
37625 MICROSOFT CORP P   2015-09-25
8000 PEPSICO INC P   2015-09-25
400 BANK OF NEW YORK MELLON CORP P   2015-08-31
150 BANK OF NEW YORK MELLON CORP P   2015-09-01
350 BANK OF NEW YORK MELLON CORP P   2015-09-02
450 BANK OF NEW YORK MELLON CORP P   2015-09-03
250 BANK OF NEW YORK MELLON CORP P   2015-09-04
375 BANK OF NEW YORK MELLON CORP P   2015-09-08
175 ACCENTURE PLC-CL P   2015-09-16
125 TE CONNECTIVITY LTD P   2015-09-16
150 AMERICAN EXPRESS CO P   2015-09-16
100 AMERISOURCEBERGEN CORP P   2015-09-16
225 BANK OF NEW YORK MELLON CORP P   2015-09-16
125 BERKSHIRE HATHAWAY INC P   2015-09-16
150 COMCAST CORP P   2015-09-16
175 COMERICA INC P   2015-09-16
1325 DANONE SPONS ADR P   2015-09-16
250 EBAY INC P   2015-09-16
275 EXPEDITORS INT'L WASHINGTON INC P   2015-09-16
175 HONEYWELL INT'L INC P   2005-09-16
350 MICROSOFT CORP P   2015-09-16
200 NESTLE S A SPONS REG SH P   2015-09-16
175 OMNICOM GROUP INC P   2015-09-16
200 PACCAR INC P   2015-09-16
125 POTASH CORP P   2015-09-16
350 PROGRESSIVE CORP P   2015-09-16
100 ROSS STORES INC P   2015-09-16
50 SCHLUMBERGER LTD P   2015-09-16
100 STANLEY BLACK & DECKER INC P   2015-09-16
25 3M CO P   2005-09-16
250 UNILEVER PLC SPONS ADR P   2015-09-16
125 UNITED HEALTH GROUP INC P   2015-09-16
700 PIONEER NATURAL RESOURCES CO P   2015-08-27
150 CARPENTER TECHNOLOGY CORP P   2015-08-31
900 ABB LTD SPONS ADR P   2015-08-28
2800 ABB LTD SPONS ADR P   2015-09-09
2500 CARPENTER TECHNOLOGY CORP P   2015-09-21
CSX CORP P   2014-10-14
CONAGRA FOODS INC P   2014-10-15
PIMCO LOW DURATION FUND-INST P   2014-10-16
TEMPLETON GLOBAL BOND FD-AD P   2014-10-16
RIDGEWORTH SEIX FLOATING-I P   2014-10-16
3M CO P   2014-11-03
CINTAS CORP P   2014-11-04
3M CO P   2014-11-04
CINTAS CORP P   2014-11-05
3M CO P   2014-11-05
CINTAS CORP P   2014-11-06
CINTAS CORP P   2014-11-07
BED BATH & BEYOND INC P   2014-11-07
CONAGRA FOODS INC P   2014-11-11
CINTAS CORP P   2014-11-12
CINTAS CORP P   2014-11-14
HALLIBURTON CO P   2014-11-20
DOW CHEMICAL CO P   2014-11-20
EXXON MOBIL CORP P   2014-12-05
CONOCOPHILLIPS P   2014-12-05
CHEVRON CORP P   2014-12-05
COLGATE PALMOLIVE CO P   2014-12-05
INTERNATIONAL BUSINESS MACHINES CORP P   2014-12-05
MATTEL INC P   2014-12-08
CENOVUS ENERGY INC P   2014-12-12
FREEPORT-MCMORAN INC P   2014-12-17
VERIZON COMMUNICATIONS INC P   2014-12-17
ASTON/FAIRPOINTE MID CAP-I 12/30/14 LONG TERM CAPITAL GAINS @ P   2014-12-31
TRIBUTARY SMALL CO-INST PLUS 12/30/14 LONG TERM CAPITAL GAINS @ P   2014-12-31
WISDOMTREE JAPAN HEDGED EQUITY FUND LONG TERM CAPITAL GAINS @ P   2014-12-26
DELAWARE EMERGING MARKETS-I 12/22/14 LONG TERM CAPITAL GAINS @ P   2014-12-23
BLACKROCK HIGH YIELD BOND 12/22/14 LONG TERM CAPITAL GAINS @ P   2014-12-23
VANGUARD TOTAL BOND MARKET INDEX FUND-ADM 12 P   2014-12-23
ABERDEEN ASIA-PAC XJ-INST EQUITY FUND - INSTITUTIONAL SERVICE SHAR P   2014-12-23
JPM MANAGED INC FD - INSTL FUND 2119 LO P   2014-12-15
JPM US LARGE CAP CORE PLUS FD - SEL FUND 1002 LO P   2014-12-15
CINTAS CORP P   2015-01-05
3M CO P   2015-01-05
CINTAS CORP P   2015-01-06
3M CO P   2015-01-06
3M CO P   2015-01-07
CINTAS CORP P   2015-01-08
BED BATH & BEYOND INC P   2015-01-08
CINTAS CORP P   2015-01-12
CINTAS CORP P   2015-01-13
CINTAS CORP P   2015-01-13
CINTAS CORP P   2015-01-14
CINTAS CORP P   2015-01-15
CINTAS CORP P   2015-01-16
CINTAS CORP P   2015-01-16
CINTAS CORP P   2015-01-20
AETNA INC P   2015-01-20
HCA HOLDINGS INC P   2015-01-20
CINTAS CORP P   2015-01-22
CINTAS CORP P   2015-01-23
ABB LTD P   2015-01-23
CINTAS CORP P   2015-01-26
HCA HOLDINGS INC P   2015-01-26
CINTAS CORP P   2015-01-27
CATERPILLAR INC P   2015-01-28
CHEVRON CORP P   2015-01-28
KRAFT FOODS GROUP INC P   2015-01-28
CONOCOPHILLIPS P   2015-01-28
EXXON MOBIL CORP P   2015-01-28
COLGATE PALMOLIVE CO P   2015-01-28
WALT DISNEY CO P   2015-01-28
GENERAL MILLS INC P   2015-01-28
PEPSICO INC P   2015-01-28
E I DU PONT DE NEMOURS & CO P   2015-01-28
CONAGRA FOODS INC P   2015-01-28
RAYTHEON CO P   2015-01-28
CINTAS CORP P   2015-01-28
BOEING CO P   2015-01-28
AMERISOURCEBERGEN CORP P   2015-02-09
AMERISOURCEBERGEN CORP P   2015-02-10
AMERISOURCEBERGEN CORP P   2015-02-11
MONDELEZ INTERNATIONAL-W/I P   2015-02-12
GENERAL MILLS INC P   2015-02-17
MONDELEZ INTERNATIONAL-W/I P   2015-02-17
KRAFT FOODS GROUP INC P   2015-02-17
HCA HOLDINGS INC P   2015-02-18
BED BATH & BEYOND INC P   2015-02-23
ABBOTT LABORATORIES P   2015-02-25
ABBVIE INC P   2015-02-25
CATERPILLAR INC P   2015-02-25
CHEVRON CORP P   2015-02-25
CONAGRA FOODS INC P   2015-02-25
CONOCOPHILLIPS P   2015-02-25
E I DU PONT DE NEMOURS & CO P   2015-02-25
JOHNSON & JOHNSON P   2015-02-25
MERCK AND CO INC P   2015-02-25
METLIFE INC P   2015-02-25
MICROSOFT CORP P   2015-02-25
PEPSICO INC P   2015-02-25
RAYTHEON CO P   2015-02-25
BLACKROCK INC P   2015-02-25
COLGATE PALMOLIVE CO P   2015-02-25
HOME DEPOT INC P   2015-02-25
SPECTRA ENERGY CORPORATION P   2015-02-25
VERIZON COMMUNICATIONS INC P   2015-02-25
DELAWARE EMERGING MARKETS-I P   2015-02-25
SCHLUMBERGER LTD P   2015-03-18
MERCK AND CO INC P   2015-03-19
JOHNSON & JOHNSON P   2015-03-19
APACHE CORP P   2015-03-25
BOEING CO P   2015-03-25
VANGUARD TOTAL BOND MARKET INDEX FUND-ADM 04 P   2015-04-01
JPM MANAGED INC FD - INSTL P   2015-04-14
HCA HOLDINGS INC P   2015-04-16
AMERISOURCEBERGEN CORP P   2015-04-17
AMERISOURCEBERGEN CORP P   2015-04-20
AMERISOURCEBERGEN CORP P   2015-04-20
UNITEDHEALTH GROUP INC P   2015-04-20
UNITEDHEALTH GROUP INC P   2015-04-20
AMERISOURCEBERGEN CORP P   2015-04-21
UNITEDHEALTH GROUP INC P   2015-04-21
UNITEDHEALTH GROUP INC P   2015-04-21
AMERISOURCEBERGEN CORP P   2015-04-22
UNITEDHEALTH GROUP INC P   2015-04-22
UNITEDHEALTH GROUP INC P   2015-04-23
AMERISOURCEBERGEN CORP P   2015-04-23
CSX CORP P   2015-05-04
CSX CORP P   2015-05-04
MICROSOFT CORP P   2015-05-04
AETNA INC P   2015-05-04
GOOGLE INC CLASS C CASH IN LIEU OF FRACTIONAL SHARES P   2015-05-07
AMERISOURCEBERGEN CORP P   2015-05-07
AMERISOURCEBERGEN CORP P   2015-05-08
AMERISOURCEBERGEN CORP P   2015-05-11
AMERISOURCEBERGEN CORP P   2015-05-12
AMERISOURCEBERGEN CORP P   2015-05-12
AMERISOURCEBERGEN CORP P   2015-05-13
UNITEDHEALTH GROUP INC P   2015-05-13
UNITEDHEALTH GROUP INC P   2015-05-14
AMERISOURCEBERGEN CORP P   2015-05-14
AMERISOURCEBERGEN CORP P   2015-05-15
AMERISOURCEBERGEN CORP P   2015-05-18
ABBVIE INC P   2015-05-19
CHEVRON CORP P   2015-05-19
BLACKROCK INC P   2015-05-19
CONOCOPHILLIPS P   2015-05-19
E I DU PONT DE NEMOURS & CO P   2015-05-19
HOME DEPOT INC P   2015-05-19
JOHNSON & JOHNSON P   2015-05-19
SPECTRA ENERGY CORPORATION P   2015-05-19
ABBOTT LABORATORIES P   2015-05-19
COLGATE PALMOLIVE CO P   2015-05-19
MERCK AND CO INC P   2015-05-19
CONAGRA FOODS INC P   2015-05-19
WALT DISNEY CO P   2015-05-19
EXXON MOBIL CORP P   2015-05-19
METLIFE INC P   2015-05-19
PEPSICO INC P   2015-05-19
VERIZON COMMUNICATIONS INC P   2015-05-19
COLGATE PALMOLIVE CO P   2015-06-12
ACCENTURE PLC-CL A P   2015-06-25
ACCENTURE PLC-CL A P   2015-06-26
AETNA INC P   2015-06-26
CSX CORP P   2015-07-15
RANGE RESOURCES CORP P   2015-07-20
RANGE RESOURCES CORP P   2015-07-20
APACHE CORP P   2015-07-28
HERTZ GLOBAL HOLDINGS INC P   2015-07-28
VIRTUS EMERGING MKTS OPPOR-I P   2015-08-03
JOHNSON & JOHNSON P   2015-08-11
MERCK AND CO INC P   2015-08-11
VERIZON COMMUNICATIONS INC P   2015-08-11
SPECTRA ENERGY CORPORATION P   2015-08-11
OMNICOM GROUP INC P   2015-08-21
ISHARES MSCI EAFE INDEX FUND P   2015-08-26
CARPENTER TECHNOLOGY CORP P   2015-09-28
WASH SALE COST ADJUSTMENT P   2015-09-30
(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 345,364   96,210 249,154
b 43,360   24,065 19,295
c 109,214   44,009 65,205
d 11,002   11,913 -911
e 106,046   58,697 47,349
89,566   107,191 -17,625
48,343   42,358 5,985
130,604   74,460 56,144
59,592   26,097 33,495
301,541   190,249 111,292
310,724   71,790 238,934
145,110   111,197 33,913
317,522   83,790 233,732
1,078,179   1,078,179 0
1,079,730   1,079,730 0
1,250,000   1,251,249 -1,249
1,250,000   1,257,998 -7,998
914,572   543,240 371,332
404,905   234,255 170,650
1,467,399   346,985 1,120,414
145,513   111,172 34,341
1,764,182   477,050 1,287,132
371,923   97,755 274,168
460,055   264,722 195,333
625,465   287,068 338,397
804,901   701,494 103,407
1,229,464   682,772 546,692
746,833   528,009 218,824
15,935   15,339 596
5,793   5,752 41
13,544   13,422 122
17,756   17,256 500
9,649   9,587 62
14,665   14,380 285
17,278   13,838 3,440
7,794   7,746 48
11,552   13,084 -1,532
10,552   7,643 2,909
8,967   8,628 339
16,544   16,889 -345
8,631   8,151 480
7,487   8,583 -1,096
16,409   18,978 -2,569
6,579   5,200 1,379
13,424   11,315 2,109
17,657   16,528 1,129
15,479   8,687 6,792
15,110   15,385 -275
12,189   12,568 -379
11,699   12,467 -768
3,149   3,149 0
10,760   8,571 2,189
4,948   3,300 1,648
3,799   3,799 0
10,129   9,709 420
3,605   3,555 50
10,224   10,827 -603
15,017   10,227 4,790
80,184   112,712 -32,528
5,739   8,249 -2,510
17,389   20,675 -3,286
52,587   64,323 -11,736
81,785   137,484 -55,699
32,412   30,907 1,505
46,270   33,810 12,460
5,712,109   5,750,000 -37,891
3,445,680   2,800,816 644,864
3,284,126   3,350,000 -65,874
15,342   14,218 1,124
7,161   6,553 608
38,649   35,546 3,103
3,526   3,276 250
27,159   24,882 2,277
3,538   3,276 262
3,556   3,276 280
34,879   32,014 2,865
71,744   50,715 21,029
3,563   3,276 287
1,794   1,638 156
1,718,473   1,044,694 673,779
1,799,821   1,069,124 730,697
1,407,246   468,641 938,605
468,911   424,766 44,145
622,008   234,680 387,328
1,038,850   67,136 971,714
1,631,745   808,018 823,727
61,303   69,864 -8,561
87,949   155,467 -67,518
660,441   938,159 -277,718
928,521   850,451 78,070
255,464     255,464
91,383     91,383
70,202     70,202
38,576     38,576
23,234     23,234
4,117     4,117
51,341     51,341
479     479
67,972     67,972
7,721   6,553 1,168
24,116   21,328 2,788
11,548   9,829 1,719
23,922   21,328 2,594
35,926   31,992 3,934
7,765   6,553 1,212
49,483   40,018 9,465
3,824   3,276 548
15,538   13,105 2,433
3,883   3,276 607
23,222   19,658 3,564
15,544   13,105 2,439
11,766   9,829 1,937
3,937   3,276 661
7,866   6,553 1,313
45,992   39,750 6,242
54,154   55,528 -1,374
23,813   19,795 4,018
7,984   6,603 1,381
25,769   29,864 -4,095
3,998   3,301 697
42,965   41,646 1,319
7,987   6,603 1,384
401,096   146,698 254,398
519,379   209,536 309,843
461,088   215,209 245,879
187,994   182,928 5,066
459,654   165,126 294,528
326,550   107,893 218,657
603,292   157,809 445,483
703,430   380,324 323,106
527,077   363,165 163,912
789,205   422,922 366,283
474,010   315,800 158,210
1,361,316   365,838 995,478
5,940   4,952 988
56,290   51,425 4,865
14,319   11,465 2,854
24,140   19,108 5,032
4,890   3,822 1,068
77,638   55,012 22,626
1,200,433   690,357 510,076
1,290,680   658,494 632,186
299,217   142,789 156,428
24,081   24,293 -212
36,290   30,414 5,876
284,470   136,503 147,967
362,245   148,026 214,219
85,215   29,340 55,875
217,079   83,822 133,257
138,951   96,600 42,351
269,770   224,810 44,960
155,335   78,140 77,195
503,574   295,800 207,774
409,191   274,398 134,793
102,159   84,716 17,443
350,667   198,560 152,107
199,016   132,060 66,956
218,243   55,860 162,383
376,116   190,249 185,867
212,725   77,563 135,162
697,805   192,420 505,385
289,033   208,700 80,333
98,172   85,483 12,689
1,976,149   2,250,000 -273,851
24,412   33,342 -8,930
503,043   343,741 159,302
656,512   382,935 273,577
32,815   56,215 -23,400
29,886   25,712 4,174
494     494
1,182,000   1,182,000 0
19,806   17,352 2,454
5,623   3,822 1,801
5,657   3,822 1,835
11,321   7,643 3,678
17,885   12,272 5,613
17,868   12,272 5,596
17,064   11,465 5,599
29,809   20,453 9,356
11,923   8,181 3,742
17,058   11,465 5,593
23,538   16,363 7,175
8,862   6,136 2,726
11,395   7,643 3,752
7,272   6,181 1,091
18,422   15,454 2,968
36,264   18,980 17,284
21,849   15,900 5,949
535     535
28,574   19,108 9,466
28,860   19,108 9,752
17,269   11,465 5,804
23,001   15,286 7,715
11,495   7,643 3,852
11,453   7,643 3,810
17,393   12,272 5,121
26,513   18,408 8,105
28,632   19,108 9,524
11,430   7,643 3,787
5,651   3,822 1,829
131,886   50,768 81,118
210,636   83,853 126,783
369,258   190,249 179,009
143,624   123,746 19,878
71,048   39,070 31,978
340,555   96,210 244,345
103,639   58,090 45,549
215,800   156,525 59,275
98,053   46,816 51,237
137,998   51,709 86,289
121,442   75,358 46,084
127,045   79,695 47,350
332,060   71,964 260,096
198,359   73,998 124,361
265,556   211,791 53,765
98,229   66,030 32,199
49,482   42,741 6,741
729,067   277,504 451,563
49,890   39,538 10,352
34,870   27,676 7,194
39,851   23,850 16,001
55,243   52,542 2,701
90,397   174,055 -83,658
12,342   23,735 -11,393
91,090   164,240 -73,150
130,997   243,488 -112,491
1,150,000   1,224,232 -74,232
742,236   435,675 306,561
560,024   365,488 194,536
333,508   299,190 34,318
773,478   643,679 129,799
6,994   7,201 -207
4,554,563   5,025,489 -470,926
64,889   114,357 -49,468
32,474     32,474
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       249,154
b       19,295
c       65,205
d       -911
e       47,349
      -17,625
      5,985
      56,144
      33,495
      111,292
      238,934
      33,913
      233,732
      0
      0
      -1,249
      -7,998
      371,332
      170,650
      1,120,414
      34,341
      1,287,132
      274,168
      195,333
      338,397
      103,407
      546,692
      218,824
      596
      41
      122
      500
      62
      285
      3,440
      48
      -1,532
      2,909
      339
      -345
      480
      -1,096
      -2,569
      1,379
      2,109
      1,129
      6,792
      -275
      -379
      -768
      0
      2,189
      1,648
      0
      420
      50
      -603
      4,790
      -32,528
      -2,510
      -3,286
      -11,736
      -55,699
      1,505
      12,460
      -37,891
      644,864
      -65,874
      1,124
      608
      3,103
      250
      2,277
      262
      280
      2,865
      21,029
      287
      156
      673,779
      730,697
      938,605
      44,145
      387,328
      971,714
      823,727
      -8,561
      -67,518
      -277,718
      78,070
      255,464
      91,383
      70,202
      38,576
      23,234
      4,117
      51,341
      479
      67,972
      1,168
      2,788
      1,719
      2,594
      3,934
      1,212
      9,465
      548
      2,433
      607
      3,564
      2,439
      1,937
      661
      1,313
      6,242
      -1,374
      4,018
      1,381
      -4,095
      697
      1,319
      1,384
      254,398
      309,843
      245,879
      5,066
      294,528
      218,657
      445,483
      323,106
      163,912
      366,283
      158,210
      995,478
      988
      4,865
      2,854
      5,032
      1,068
      22,626
      510,076
      632,186
      156,428
      -212
      5,876
      147,967
      214,219
      55,875
      133,257
      42,351
      44,960
      77,195
      207,774
      134,793
      17,443
      152,107
      66,956
      162,383
      185,867
      135,162
      505,385
      80,333
      12,689
      -273,851
      -8,930
      159,302
      273,577
      -23,400
      4,174
      494
      0
      2,454
      1,801
      1,835
      3,678
      5,613
      5,596
      5,599
      9,356
      3,742
      5,593
      7,175
      2,726
      3,752
      1,091
      2,968
      17,284
      5,949
      535
      9,466
      9,752
      5,804
      7,715
      3,852
      3,810
      5,121
      8,105
      9,524
      3,787
      1,829
      81,118
      126,783
      179,009
      19,878
      31,978
      244,345
      45,549
      59,275
      51,237
      86,289
      46,084
      47,350
      260,096
      124,361
      53,765
      32,199
      6,741
      451,563
      10,352
      7,194
      16,001
      2,701
      -83,658
      -11,393
      -73,150
      -112,491
      -74,232
      306,561
      194,536
      34,318
      129,799
      -207
      -470,926
      -49,468
      32,474
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 20,765,957
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 5,584,862 114,887,812 0.048611
2012 5,246,636 108,489,932 0.048361
2011 4,839,791 102,883,886 0.047041
2010 4,736,020 98,609,258 0.048028
2009 4,416,605 92,426,013 0.047785
2 Total of line 1, column (d) ...................... 2 0.239826
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 0.047965
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 113,818,567
5 Multiply line 4 by line 3....................... 5 5,459,308
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 227,583
7 Add lines 5 and 6......................... 7 5,686,891
8 Enter qualifying distributions from Part XII, line 4.............. 8 5,929,954
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 1 227,583
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........................... 3 227,583
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- ..... 5 227,583
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 214,800
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.............. 7 214,800
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 12,783
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletNJ, FL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WHITEHALL.ORG
    14
    The books are in care ofbulletGEORGE MOFFETT Telephone no.bullet (561) 655-4474
    Located atbulletPO BOX 3423PALM BEACHFL ZIP+4bullet33480
    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
    GEORGE M MOFFETT II PRESIDENT/TREASURER
    40.00
    168,750 7,500 0
    PO BOX 3423
    PALM BEACH,FL33480
    J WRIGHT RUMBOUGH VICE PRESIDENT/TRUSTEE
    0.00
    0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    CATHERINE M THOMAS CORPORATE SECRETARY/ASST.
    0.00
    0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    MR KENNETH S BEALL JR ESQ TRUSTEE
    0.00
    0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    JAMES R LOWELL III TRUSTEE
    0.00
    0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    MR E ANTHONY NEWTON TRUSTEE
    0.00
    0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    DEBORAH S GIBBONS-NEFF TRUSTEE
    0.00
    0 0 0
    PO BOX 3423
    PALM BEACH,FL33480
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation
    (e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 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
    NONE
    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 NONE 0
    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 NONE 0
    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
    111,986,888
    b
    Average of monthly cash balances.......................
    1b
    3,564,957
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    115,551,845
    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
    115,551,845
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,733,278
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    113,818,567
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,690,928
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    5,690,928
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    227,583
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    227,583
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,463,345
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,463,345
    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
    5,463,345
    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
    5,929,954
    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
    5,929,954
    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
    227,583
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,702,371
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus
    (b)
    Years prior to 2013
    (c)
    2013
    (d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 5,463,345
    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.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013....... 85,045
    fTotal of lines 3a through e......... 85,045
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 5,929,954
    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..... 5,463,345
    e Remaining amount distributed out of corpus 466,609
    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 5 551,654
    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) ...
    0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......
    551,654
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013.... 85,045
    e Excess from 2014.... 466,609
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........
    Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....
             
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........
             
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....
             
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)
             
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...
             
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....
             
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....
             
    (3) Largest amount of support
    from an exempt organization
             
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GEORGE MOFFETT
    P O BOX 3423
    PALM BEACH,FL33480
    (561) 655-4474
    bThe form in which applications should be submitted and information and materials they should include:
    TWO PAGE SUMMARY OUTLINING THE STUDY
    cAny submission deadlines:
    DECEMBER 1, MARCH 1, AND SEPTEMBER 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR BASIC BIOLOGICAL RESEARCH, AGRI-BUSINESS STUDIES AND NEUROBIOLOGY
    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
    ANIMAL LOVERS LEAGUE
    40 SHORE ROAD
    GLEN COVE,NY11542
    NONE 501(C)(3) GENERAL PURPOSE 2,000
    BAYLOR COLLEGE OF MEDICINE
    BCM 310
    HOUSTON,TX77030
    NONE 501(C)(3) GENERAL FUND 75,000
    BELGRADE LAKES ASSOCIATION
    PO BOX 551
    BELGRADE LAKES,ME04918
    NONE 501(C)(3) GENERAL PURPOSE 500
    BLUE HILL MEMORIAL HOSPITAL
    PO BOX 1029
    BLUE HILL,ME04614
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    BLUE HILL PUBLIC LIBARY
    5 PARKER POINT ROAD
    BLUE HILL,ME04614
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    BOSTON UNIVERSITY
    ONE SIBER WAY
    BOSTON,MA02215
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    BRENTWOOD POLICEMAN'S ASSOCIATION
    150 CITY PARK WAY
    BRENTWOOD,CA94513
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    BROWN LEDGE CAMP
    25 WILSON STREET
    BURLINGTON,VT05401
    NONE 501(C)(3) GENERAL PURPOSE 500
    CAPE ELEUTHERA MARINE CONSERVATION
    PO BOX 6008
    LAWRENCEVILLE,NJ08648
    NONE 501(C)(3) GENERAL PURPOSE 4,500
    CASE WESTERN RESERVE UNIVERSITY
    10900 EUCLID AVENUE
    CLEVELAND,OH44106
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    CHILDREN'S HOSPITAL BOSTON
    300 LONGWOOD AVE
    BOSTON,MA02215
    NONE 501(C)(3) BIOLOGICAL RESEARCH 20,000
    CHILDREN'S NATIONAL MEDICAL CENTER
    111 MICHIGAN AVENUE NW
    WASHINGTON,DC20010
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    CHILDREN'S NATIONAL MEDICAL CENTER
    111 MICHIGAN AVENUE NW
    WASHINGTON,DC20010
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    CITY UNIVERSITY OF NEW YORK FLUSHING
    65-30 KISSENA BLVD
    QUEENS,NY11367
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    CLEMSON UNIVERSITY
    CALHOUN DR
    CLEMSON,SC29634
    NONE 501(C)(3) BIOLOGICAL RESEARCH 70,000
    CMSKIDS WHO CARE PROGRAM
    100 ACADEMIC WAY
    STRATHAM,NH03885
    NONE 501(C)(3) GENERAL PURPOSE 500
    COLD SPRING HARBOUR LABORATORY
    PO BOX 100 ONE BUNGTOWN ROAD
    COLD SPRING HARBOR,NY11724
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    COLUMBIA UNIVERSITY
    630 WEST 168TH STREET
    NEW YORK,NY10032
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    COMMUNITY FOUNDATION FOR PALM BEACH
    700 S DIXIE HIGHWAY
    WEST PALM,FL33401
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    CONNECTICUT COLLEGE
    270 MOHEGAN AVE
    NEW LONDON,CT06320
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    CONVENT OF THE VISITATION SCHOOL
    2455 VISITATION DR
    MENDOTA HEIGHTS,MN55120
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    CORINTHIAN SAILING FOUNDATION
    1 NAHANT STREET
    MARBLEHEAD,MA01945
    NONE 501(C)(3) GENERAL PURPOSE 8,000
    CORNELL UNIVERSITY
    BURKE-CORNELL MEDICAL RESEARCH
    WHITE PLANS,NY10605
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    CORNELL UNIVERSITY
    BURKE-CORNELL MEDICAL RESEARCH
    WHITE PLANS,NY10605
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    DARTMOUTH COLLEGE HANOVER
    7 LEBANON STREET SUITE 302 NO 6015
    HANOVER,NH03755
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    DARTMOUTH COLLEGE HANOVER
    7 LEBANON STREET SUITE 302 NO 6015
    HANOVER,NH03755
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    DENISON UNIVERSITY
    PO BOX 810
    GRANVILLE,OH43023
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    DUKE UNIVERSITY
    2200 W MAIN STREET
    DURHAM,NC27705
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    DUKE UNIVERSITY
    2200 W MAIN STREET
    DURHAM,NC27705
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    DUKE UNIVERSITY
    2200 W MAIN STREET
    DURHAM,NC27705
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    EMHS FOUNDATION
    1 CUMBERLAND STREET 300
    BANGOR,ME04401
    NONE 501(C)(3) BIOLOGICAL RESEARCH 1,000
    FLAGLER MUSEUM
    ONE WHITEHALL WAY
    PALM BEACH,FL33480
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    FRIENDS OF BOSTON UNIVERSITY TERRIER HOCKEY
    AGGANIS ARENA 925 COMMONWEALTH AVE
    BOSTON,MA02215
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    FRIENDS OF DANA FARBER CANCER INSTITUTE
    450 BROOKLINE AVENUE
    BOSTON,MA02215
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    FRIENDS OF THE EASTERN PROMENADE
    PO BOX 16025
    PORTLAND,ME04112
    NONE 501(C)(3) GENERAL PURPOSE 500
    GEORGE STEVENS ACADEMY
    23 UNION STREET
    BLUE HILL,ME04614
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    GEORGE WASHINGTON UNIVERSITY
    TAX DEPT 45155 RESEARCH PLACE
    ASHBURN,VA20147
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    GLEN URQUHART SCHOOL
    74 HART STREET
    BEVERLY FARMS,MA01915
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    GLENWOOD VOLUNTEER FIRE DEPARTMENT
    SCHOOL HOUSE ROAD PO BOX 388
    GLENWOOD LANDING,NY11547
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    GREEN MOUNTAIN HORSE ASSOCIATION
    PO BOX 8
    SOUTH WOODSTOCK,VT05071
    NONE 501(C)(3) GENERAL PURPOSE 500
    GULF STREAM COUNCIL BOY SCOUTS OF AMERICA
    8335 NORTH MILITARY TRAIL
    PALM BEACH GARDENS,FL33410
    NONE 501(C)(3) GENERAL PURPOSE 500
    HARVARD COLLEGE FUND CLASS OF 1958
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    HARVARD UNIVERSITY
    PO BOX 414413
    BOSTON,MA02241
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    HIDDEN OAKS MIDDLE SCHOOL
    2801 SW MARTIN HIGHWAY
    PALM CITY,FL34990
    NONE 501(C)(3) GENERAL PURPOSE 500
    HOSPICE FOUNDATION OF PALM BEACH COUNTY
    5300 EAST AVENUE
    WEST PALM BEACH,FL33407
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    INDEPENDENCE SEAPORT MUSEUM
    211 SOUTH COLUMBUS BLVD WALNUT
    STREET
    PHILADELPHIA,PA19106
    NONE 501(C)(3) GENERAL PURPOSE 5,000
    INTERNATIONAL GAME FISH ASSOCIATION
    300 GULF STREAM WAY
    DANIA BEACH,FL33004
    NONE 501(C)(3) GENERAL PURPOSE 500
    IOWA STATE UNIVERSITY
    1750 BEARDSHEAR HALL
    AMES,IA50011
    NONE 501(C)(3) BIOLOGICAL RESEARCH 30,000
    JOHNS HOPKINS UNIVERSITY
    733 NORTH BROADWAY
    BALTIMORE,MD21205
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    JOHNS HOPKINS UNIVERSITY
    733 NORTH BROADWAY
    BALTIMORE,MD21205
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    KEENE VALLEY HOSE AND LADDER CO
    PO BOX 699
    KEENE VALLEY,NY12943
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    KENT STATE UNIVERSITY
    PO BOX 5190
    KENT,OH44242
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    KNEISEL HALL
    PO BOX 648
    BLUE HILL,ME04614
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    LAFAYETTE COLLEGE
    730 HIGH STREET
    EASTON,PA18042
    NONE 501(C)(3) BIOLOGICAL RESEARCH 72,000
    LAKE FOREST COLLEGE
    OFFICE OF ALUMNI AND DEVELOPMENT
    555 NORTH SHERIDAN ROAD
    LAKE FOREST,IL60045
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    LEHIGH UNIVERSITY
    27 MEMORIAL DR
    BETHLEHEM,PA18015
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    MAINE AUDUBON - DOWNEAST CHAPTER
    PO BOX 1212
    ELSWORTH,ME04605
    NONE 501(C)(3) BIOLOGICAL RESEARCH 1,000
    MARINE CORPS SCHOLARSHIP FOUNDATION
    121 SOUTH ST ASAPH
    ALEXANDRIA,VA22314
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    MARQUETTE UNIVERSITY
    1250 WEST WISCONSIN AVE
    MILWAUKEE,WI53233
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    MARQUETTE UNIVERSITY
    1250 WEST WISCONSIN AVE
    MILWAUKEE,WI53233
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    MARTIN COUNTY HIGH SCHOOL
    2801 SOUTH KANNER HIGHWAY
    STUART,FL34994
    NONE 501(C)(3) GENERAL PURPOSE 500
    MARY E BARTLETT LIBRARY
    ATTN MS MARILYN MOREHEAD 22 DALTON
    ROAD
    BRENTWOOD,NH03833
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    MASSACHUSETTS INTITUTE OF TECHNOLOGY
    NE 18-901
    CAMBRIDGE,MA02139
    NONE 501(C)(3) BIOLOGICAL RESEARCH 20,000
    MASSCHUSETTS INTITUTE OF TECHNOLOGY
    NE 18-901
    CAMBRIDGE,MA02139
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    MASSCHUSETTS INTITUTE OF TECHNOLOGY
    NE 18-901
    CAMBRIDGE,MA02139
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    MAX PLANCK FLORIDA INSTITUTE
    1 MAX PLANCK WAY
    JUPITER,FL33458
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    MAYO COLLEGE OF MEDICINE
    200 FIRST STREET SW
    ROCHESTER,MN55905
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    MICHIGAN STATE UNIVERSITY
    2727 ALLIANCE DRIVE
    LANSING,MI48910
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    MIDDLEBURY REGIONAL EMS
    55 COLLINS DRIVE
    MIDDLEBURY,VT05753
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    MIDDLESEX SCHOOL
    1400 LOWELL ROAD
    CONCORD,MA01742
    NONE 501(C)(3) GENERAL PURPOSE 3,000
    MISS PORTERS SCHOOL
    GIFTS ADMINISTRATOR 60 MAIN
    FARMINGTON,CT06032
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    MONTANA STATE UNIVERSITY
    309 MONTANA HALL
    BOSEMAN,MT59717
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    NEW YORK SCHOOL OF MEDICINE
    ATTN SABRINA KIPPUR 1 PARK AVENUE
    NEW YORK,NY10016
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    NEW YORK UNIVERSITY
    SCHOOL OF MEDICINE
    NEW YORK,NY10016
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    NEW YORK UNIVERSITY
    SCHOOL OF MEDICINE
    NEW YORK,NY10016
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    NEW YORK UNIVERSITY
    SCHOOL OF MEDICINE
    NEW YORK,NY10016
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    NORTH SHORE LAND ALLIANCE INC
    ATTN DIRECTOR 151 POST ROAD
    OLD WESTBURY,NY11568
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVE
    BOSTON,MA02215
    NONE 501(C)(3) BIOLOGICAL RESEARCH 4,500
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVE
    BOSTON,MA02215
    NONE 501(C)(3) BIOLOGICAL RESEARCH 4,500
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVE
    BOSTON,MA02215
    NONE 501(C)(3) BIOLOGICAL RESEARCH 20,000
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVE
    BOSTON,MA02215
    NONE 501(C)(3) BIOLOGICAL RESEARCH 4,500
    NORTHSHORE LIJ HOSPITAL AT GLEN COVE
    ATTN DIRECTOR SAINT ANDREWS LANE
    GLEN COVE,NY11542
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    NORTHWESTERN UNIVERSITY CHICAGO
    2300 CHILDRENS PLAZA 205
    CHICAGO,IL60614
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    OREGON HEALTH SERVICES UNIVERSITY
    2525 SW 1ST AVENUE
    PORTLAND,OR97201
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    OREGON HEALTH SERVICES UNIVERSITY
    2525 SW 1ST AVENUE
    PORTLAND,OR97201
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    OREGON HEALTH SERVICES UNIVERSITY
    2525 SW 1ST AVENUE
    PORTLAND,OR97201
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    PALM BEACH CIVIC ASSOCIATION
    139 NORTH COUNTY ROAD
    PALM BEACH,FL33480
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    PALM BEACH DAY ACADEMY
    ATTN HEADMASTER 241 SEAVIEW AVENUE
    PALM BEACH,FL33480
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    PALM BEACH FIRE RESCUE
    300 NORTH COUNTY ROAD
    PALM BEACH,FL33480
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    PENINSULA AMBULANCE CORPS INC
    ATTN DIRECTOR PO BOX 834
    BLUE HILL,ME04614
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    PILGRIM UNITED CHURCH OF CHRIST
    ATTN BETTY LOU ORCUTT 416 MIDDLE
    ROAD
    BRENTWOOD,NH03833
    NONE 501(C)(3) GENERAL PURPOSE 1,500
    PLANNED PARENTHOOD OF NASSAU COUNTY
    ATTN DIRECTOR 540 FULTON AVENUE
    HEMPSTEAD,NY11550
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    PURDUE UNIVERSITY
    HOVDE HALL
    WEST LAFAYETTE,ID47907
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    ROCKEFELLER UNIVERSITY NEW YORK
    1230 YORK AVE
    NEW YORK CITY,NY10065
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    RUTGERS UNIVERSITY NEWARK
    249 UNIVERSITY AVENUE
    NEWARK,NJ07102
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    RUTGERS UNIVERSITY PISCATAWAY
    84 JOYCE KILMER AVE
    PISCATAWAY,NJ08854
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    SAINT PETERS CATHOLIC CHURCH
    1701 INDIAN CREEK PKWY
    JUPITER,FL33458
    NONE 501(C)(3) GENERAL PURPOSE 500
    SALK INSTITUTE FOR BIOLOGICAL STUDIES
    10010 NORTH TORREY PINES ROAD
    LA JOLLA,CA92037
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    SALK INSTITUTE FOR BIOLOGICAL STUDIES
    10010 NORTH TORREY PINES ROAD
    LA JOLLA,CA92037
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    SCRIPPS RESEARCH INSTITUTE
    10550 NORTH TORREY PINES ROAD
    LA JOLLA,CA92037
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    SEACOAST FAMILY PROMISE
    ATTN PATTI FREW-WATERS NETWORK
    DIRECTOR PO BOX 233
    STRATHAM,NH03885
    NONE 501(C)(3) GENERAL PURPOSE 1,500
    SITESALIVE FOUNDATION
    ATTN RICHARD WILSON PRESIDENT 8
    SKINNERS PATH
    MARBLEHEAD,MA01945
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    SPRINGSIDE CHESTNUT HILL ACADEMY
    500 W WILLOW GROVE AVE
    PHILADELPHIA,PA19118
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    ST DAVIDS EPISCOPAL CHURCH
    763 SOUTH VALLEY FORGE ROAD
    WAYNE,PA19087
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    ST FRANCIS BY THE SEA EPISCOPAL CHURCH
    920 SALTER PATH ROAD PO BOX 7
    SALTER PATH,NC28575
    NONE 501(C)(3) GENERAL PURPOSE 5,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    262 DANNY THOMAS PLACE
    MEMPHIS,TN38105
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    STANFORD UNIVERSITY
    326 GALVEZ STREET
    STANFORD,CA94305
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    STANFORD UNIVERSITY
    326 GALVEZ STREET
    STANFORD,CA94305
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    STATE UNIVERSITY OF NEW YORK ALBANY
    353 BROADWAY
    ALBANY,NY12246
    NONE 501(C)(3) BIOLOGICAL RESEARCH 25,000
    STATE UNIVERSITY OF NEW YORK STONY BROOK
    STONY BROOK UNIVERSITY
    STONY BROOK,NY11794
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    THE CHURCH OF BETHESDA-BY-THE-SEA
    PO BOX 1057
    PALM BEACH,FL33480
    NONE 501(C)(3) GENERAL PURPOSE 500
    THE LAWNRENCEVILLE SCHOOL
    ATTN DEVELOPMENT DIRECTOR PO BOX
    6008
    LAWRENCEVILLE,NJ08648
    NONE 501(C)(3) GENERAL PURPOSE 3,000
    THE MARGAUX POWERS MEMORIAL
    THE TAFT SCHOOL ATTN CHRISTOPHER R
    110
    WATERTOWN,CT06795
    NONE 501(C)(3) GENERAL PURPOSE 3,500
    THE PILOT SCHOOL
    100 GARDEN OF EDEN ROAD TALLEYVILLE
    WILMINGTON,DE19803
    NONE 501(C)(3) GENERAL PURPOSE 3,000
    THE TAFT SCHOOL
    110 WOODBURY ROAD
    WATERTOWN,CT06795
    NONE 501(C)(3) BIOLOGICAL RESEARCH 2,000
    TOWN OF PALM BEACH UNITED WAY INC
    44 COCONUT ROW M201
    PALM BEACH,FL33480
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    TREE OF LIFE FOOD PANTRY
    23 SOUTH ST
    BLUE HILL,ME04614
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    TRINITY-PAWLING SCHOOL
    ATTN GRAYSON K BRYANT DIRECTOR OF
    DEVELOPMENT 700 ROUTE 22
    PAWLING,NY12564
    NONE 501(C)(3) GENERAL PURPOSE 500
    TROUT UNLIMITED
    ATTN WHIT FOSBURGH 1300 NORTH 17TH
    STREET
    ARLINGTON,VA22209
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    TUCSON JEWISH COMMUNITY CENTER
    ERIN SHOENBERG 3800 EAST RIVER
    DRIVE
    TUCSON,AZ85718
    NONE 501(C)(3) GENERAL PURPOSE 500
    UNITED WAY OF ADDISON COUNTY
    ATTN DIRECTOR PO BOX 555
    MIDDLEBURY,VT05753
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    UNIVERSITY OF CALIFORNIA DAVIS
    1 SHIELDS AVE
    DAVIS,CA95616
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CALIFORNIA DAVIS
    1 SHIELDS AVE
    DAVIS,CA95616
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CALIFORNIA SAN DIEGO
    9500 GILMAN DRIVE
    LA JOLLA,CA92093
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF CALIFORNIA SAN DIEGO
    9500 GILMAN DRIVE
    LA JOLLA,CA92093
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF IOWA
    UNIVERSITY OF IOWA
    IOWA CITY,IA52242
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF MARYLAND BALTIMORE
    620 W LEXINGTON ST
    BALTIMORE,MD21201
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF MARYLAND COLLEGE PARK
    1101 MAIN ADMINISTRATION BUILDING
    COLLEGE PARK,MD20742
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF MICHIGAN
    FLEMING ADMINISTRATION BUILDING
    ANN ARBOR,MI48109
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF NORTH CAROLINA CHAPEL HILL
    104 AIRPORT DR STE 3200
    CHAPEL HILL,NC27599
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF NORTH CAROLINA CHAPEL HILL
    104 AIRPORT DR STE 3200
    CHAPEL HILL,NC27599
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF PENNSYLVANIA
    433 FRANKLIN BUILDING 3451 WALNUT
    STREET
    PHILADELPHIA,PA19104
    NONE 501(C)(3) GENERAL PURPOSE 2,500
    UNIVERSITY OF PITTSBURGH
    123 UNIVERSITY PLACE
    PITTSBURGH,PA15213
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF PITTSBURGH
    123 UNIVERSITY PLACE
    PITTSBURGH,PA15213
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    837 W DOWNEY WAY
    LOS ANGELES,CA90089
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    3551 TROUSDALE PARKWAY STE 160
    LOS ANGELES,CA90089
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    UNIVERSITY PARK CAMPUS
    LOS ANGELES,CA90089
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF TEXAS AUSTIN
    110 INNER CAMPUS DR
    AUSTIN,TX78712
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNIVERSITY OF UTAH
    75 SOUTH 2000 EAST
    SALT LAKE CITY,UT84112
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    UNUSED GRANTS FROM CINCINNATI CHILDREN'S HOSPITAL MED
    333 BURNET AVE
    CINCINNATI,OH45229
    NONE 501(C)(3) BIOLOGICAL RESEARCH -694
    UNUSED GRANTS FROM JOHNS HOPKINS UNIVERSITY
    242 GARLAND HALL
    BALTIMORE,MD21218
    NONE 501(C)(3) BIOLOGICAL RESEARCH -169
    UNUSED GRANTS FROM UNIVERSITY OF ROCHESTERNORDEEN
    500 JOSEPH C WILSON BLVD
    ROCHESTER,NY14627
    NONE 501(C)(3) BIOLOGICAL RESEARCH -16,550
    VANDERBILT UNIVERSITY
    PMB 406310 2301 VANDERBILT PLACE
    NASHVILLE,TN37240
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    VIRGINIA POLYTECHNIC INSTITUTE
    222 BURRUSS HALL
    BLACKSBURG,VA24061
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    WASHINGTON AND LEE UNIVERSITY
    ATTN DIRECTOR OF CORPORATE 204 W
    WASHINGTON ST
    LEXINGTON,VA24450
    NONE 501(C)(3) GENERAL PURPOSE 4,500
    WASHINGTON UNIVERSITY IN ST LOUIS
    CAMPUS BOX 8018
    ST LOUIS,MO63110
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    WESLEYAN UNIVERSITY
    45 WYLLYS AVE
    MIDDLETOWN,CT06459
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    WILLIAM STURGIS FRIENDS OF EDUCATION FOUNDATION
    427 MAIN ST
    HYANNIS,MA02601
    NONE 501(C)(3) GENERAL PURPOSE 4,000
    WOODS HOLE OCEANOGRAPHIC INSTITUTE
    ATTN DIRECTOR OF FENNO HOUSE MS 40
    WOODS HOLE,MA02543
    NONE 501(C)(3) GENERAL PURPOSE 1,000
    YALE UNIVERSITY
    PO BOX 208250
    NEW HAVEN,CT06508
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    YALE UNIVERSITY
    PO BOX 208250
    NEW HAVEN,CT06508
    NONE 501(C)(3) BIOLOGICAL RESEARCH 75,000
    YALE UNIVERSITY
    PO BOX 208250
    NEW HAVEN,CT06508
    NONE 501(C)(3) BIOLOGICAL RESEARCH 20,000
    YALE UNIVERSITY
    PO BOX 1844 ATTN DIRECTOR OF GIVING
    NEW HAVEN,CT06508
    NONE 501(C)(3) GENERAL PURPOSE 75,000
    YALE UNIVERSITY
    PO BOX 208250
    NEW HAVEN,CT06508
    NONE 501(C)(3) BIOLOGICAL RESEARCH 1,000
    Total .................................bullet 3a 5,624,587
    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 ............
        14 1,481  
    4 Dividends and interest from securities....     14 2,386,875  
    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.....     18 18,421  
    8
    Gain or (loss) from sales of assets other than inventory .............
        18 20,765,957  
    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 23,172,734 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1323,172,734
    (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

    TY 2014 AccountingFeesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN: 13-5637595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 103,873 25,968   77,905

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN: 13-5637595
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INCOME SECURITIES 20,108,753 19,487,529

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN: 13-5637595
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 335,784 329,615
    ABERDEEN ASIA-PAC XJ-INST 4,413,429 3,369,898
    ACCENTURE PLC-CL A 312,084 383,214
    ACTIVISION BLIZZARD INC 162,149 216,230
    AETNA INC 119,249 164,115
    AMERICAN EXPRESS CO 501,358 442,927
    AMERISOURCEBERGEN CORP 101,484 125,862
    APPLE INC. 131,915 143,390
    ASTON/FAIRPOINTE MID CAP-I 3,160,000 2,461,799
    BANK OF NEW YORK MELLON CORP 283,951 287,753
    BERKSHIRE HATHAWAY INC DEL CL B 611,511 586,800
    BOEING CO 179,987 183,330
    CABOT OIL & GAS CORP 146,127 100,556
    CARDINAL HEALTH INC 256,825 268,870
    CISCO SYSTEMS INC 152,635 141,750
    COMCAST CORP 328,124 337,014
    COMERICA INC 264,259 219,885
    CSX CORP 111,265 96,840
    DANONE 301,711 265,545
    DEUTSCHE X-TRACKERS MSCI EUROPE 5,114,176 5,064,973
    DEVON ENERGY CORP 383,702 207,704
    DODGE & COX INTL STOCK FUND 5,000,000 4,044,340
    DOLLAR GENERAL CORP 305,760 298,815
    E M C CORP MASS 159,015 147,376
    EBAY INC 204,626 200,408
    EBAY INC 109,060 122,200
    EXPEDITORS INTERNATIONAL 190,936 217,606
    GOLDMAN SACHS GROUP INC 249,313 241,526
    GOOGLE INC CLASS C 188,288 212,947
    HCA HOLDINGS INC 138,820 154,720
    HENRY SCHEIN INC 156,465 172,536
    HILL-ROM HOLDINGS, INC 109,910 129,975
    HONEYWELL INTERNATIONAL INC 325,182 319,579
    HYATT HOTELS CORP - CL A 73,497 56,520
    INTERCONTINENTAL EXCHANGE, INC 246,385 305,487
    ISHARES CORE S&P MID-CAP ETF 6,397,242 6,065,484
    ISHARES MSCI ALL COUNTRY ASIA 2,512,548 2,046,700
    ISHARES TR 2,323,477 2,074,182
    JP MORGAN CHASE & CO 190,000 304,850
    JPM US LARGE CAP CORE PLUS FD - SEL 7,767,821 7,241,571
    METHANEX CORP 126,080 96,164
    MICROSOFT CORP 223,606 395,020
    MONDELEZ INTERNATIONAL-W/I 79,742 129,797
    MOTOROLA SOLUTIONS INC 186,109 211,978
    NATIONAL FUEL GAS CO 152,284 99,960
    NCR CORP 134,544 116,025
    NESTLE S A 242,441 237,006
    OAKMARK INTERNATIONAL FD-I 6,000,000 5,032,347
    OMNICOM GROUP INC 280,228 255,363
    OMNICOM GROUP INC 194,428 177,930
    P SCHWAB CHARLES CORP 71,454 74,256
    PACCAR INC 270,431 224,331
    PAYPAL HOLDINGS INC-W/I 168,653 155,200
    PFIZER INC 170,518 329,805
    PITNEY-BOWES INC 160,463 130,018
    POTASH CORP SASKATCHEWAN INC 455,311 272,287
    PROCTER & GAMBLE CO 158,938 136,686
    PROGRESSIVE CORP OHIO 247,536 304,102
    RAYTHEON CO 41,895 163,890
    ROCKWELL AUTOMATION INC 158,926 144,595
    ROSS STORES INC 181,228 259,315
    SCHLUMBERGER LTD 612,965 406,923
    SCOTTS MIRACLE-GRO COMPANY 119,950 121,640
    SEALED AIR CORP 198,403 257,840
    SPDR S&P 500 ETF TRUST 7,867,303 7,613,786
    STANLEY BLACK & DECKER,INC. 410,528 417,014
    TE CONNECTIVITY LTD 266,258 251,538
    TRIBUTARY SMALL CO-INST PLUS 1,200,000 1,142,613
    TWENTY FIRST CENTY FOX INC 241,232 184,138
    UNILEVER PLC 177,083 166,178
    UNITEDHEALTH GROUP INC 240,397 336,429
    VIRTUS EMERGING MKTS OPPOR-I 3,775,768 3,399,339
    WELLS FARGO & CO 201,209 200,265
    WISDOMTREE JAPAN HEDGED EQUITY FUND 1,722,357 1,653,127
    ABB LTD 0 0
    ABBOTT LABORATORIES, CO. 0 0
    ABBVIE, INC. 0 0
    APACHE CORP 0 0
    BED BATH & BEYOND INC 0 0
    BLACKROCK, INC. 0 0
    CARPENTER TECHNOLOGY CORP 0 0
    CATERPILLAR INC 0 0
    CENOVUS ENERGY INC 0 0
    CHEVRONTEXACO CORP 0 0
    CINTAS CORP 0 0
    COLGATE PALMOLIVE CO 0 0
    CONAGRA FOODS INC 0 0
    CONAGRA FOODS INC 0 0
    CONOCOPHILLIPS CORP. 0 0
    DELAWARE EMERGING MARKETS-I 0 0
    DOW CHEMICAL CO 0 0
    DU PONT E I DE NEMOURS & CO 0 0
    EXXON MOBIL CORP 0 0
    FREEPORT MCMORAN COPPER & GOLD 0 0
    GENERAL MILLS INC 0 0
    HALLIBURTON CO 0 0
    HERTZ GLOBAL HOLDINGS INC 0 0
    HOME DEPOT, INC. 0 0
    INTN'L BUSINESS MACHINES CORP. 0 0
    ISHARES MSCI EAFE INDEX FUND 0 0
    JOHNSON & JOHNSON CO. 0 0
    KRAFT FOODS GROUP, INC. 0 0
    MATTEL INC 0 0
    MERCK & CO INC 0 0
    METLIFE, INC. 0 0
    MICROSOFT CORP 0 0
    MONDELEZ, INTERNATIONAL, INC. 0 0
    PEPSICO, INC. 0 0
    RANGE RESOURCES CORP 0 0
    RAYTHEON CO 0 0
    SPECTRA ENERGY CORP 0 0
    VERIZON COMMUNICATIONS INC 0 0
    WALT DISNEY CO 0 0
    US DOLLAR 0 0

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    WHITEHALL FOUNDATION INC
    EIN: 13-5637595
    US Government Securities - End of Year Book Value:

    18,469,473
    US Government Securities - End of Year Fair Market Value:

    18,228,056
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2014 OtherExpensesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN: 13-5637595
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 63 16   47
    INSURANCE 3,097 774   2,323
    OFFICE EXPENSE 47,482 11,871   35,612
    TELEPHONE 7,345 1,836   5,509
    POSTAGE 2,431 608   1,823
    SCIENTIFIC ADVISOR 64,000 0   64,000
    MISCELLANEOUS 381 95   286


    TY 2014 OtherIncomeSchedule2
    Name:
    WHITEHALL FOUNDATION INC
    EIN: 13-5637595
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 18,421 18,421 18,421


    TY 2014 OtherLiabilitiesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN: 13-5637595
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE 104,069 11,694


    TY 2014 TaxesSchedule
    Name:
    WHITEHALL FOUNDATION INC
    EIN: 13-5637595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 227,592 227,592   0
    PAYROLL TAXES 9,794 7,346   2,449