Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE POLLOCK-KRASNER FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)863 PARK AVENUE AT 77TH STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100750342
A Employer identification number

13-3255693
B Telephone number (see instructions)

(212) 517-5400
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$70,934,383J 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      
4 Dividends and interest from securities...... 809,411 809,411  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,785,934
b Gross sales price for all assets on line 6a 17,600,054
7 Capital gain net income (from Part IV, line 2)... 3,785,934
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 568,321 553,374  
12 Total. Add lines 1 through 11........ 5,163,666 5,148,719  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 597,866 218,565   379,301
14 Other employee salaries and wages...... 305,896 0   305,896
15 Pension plans, employee benefits....... 641,100 151,337   489,763
16a Legal fees (attach schedule)......... Click to see attachment 13,064 6,532   6,532
b Accounting fees (attach schedule)....... Click to see attachment 29,060 21,796   7,264
c Other professional fees (attach schedule).... Click to see attachment 331,021 296,138   34,883
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 119,338 24,260   42,771
19 Depreciation (attach schedule) and depletion... Click to see attachment 73,509 22,053  
20 Occupancy.............. 124,799 12,480   112,319
21 Travel, conferences, and meetings....... 105,529 0   105,529
22 Printing and publications.......... 22,584 0   22,584
23 Other expenses (attach schedule)....... Click to see attachment 400,118 259,029   141,089
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,763,884 1,012,190   1,647,931
25 Contributions, gifts, grants paid........ 2,567,000 2,567,000
26 Total expenses and disbursements. Add lines 24 and 25 5,330,884 1,012,190   4,214,931
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -167,218
b Net investment income (if negative, enter -0-) 4,136,529
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............... 2,475,450 1,299,791 1,299,791
2 Savings and temporary cash investments.......... 1,082,775 1,309,103 1,309,103
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........... 66,321 66,321 66,321
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 28,501,781 Click to see attachment29,303,263 35,688,612
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 11,443,263 Click to see attachment12,209,740 13,975,366
14 Land, buildings, and equipment: basis bullet3,076,804
Less: accumulated depreciation (attach schedule) bullet1,593,560 1,556,753 Click to see attachment1,483,244 5,380,925
15 Other assets (describe bullet) Click to see attachment4,018,799 Click to see attachment3,744,686 Click to see attachment13,214,265
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 49,145,142 49,416,148 70,934,383
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment117,480 Click to see attachment120,004
23 Total liabilities (add lines 17 through 22).......... 117,480 120,004
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 49,027,662 49,296,144
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 49,027,662 49,296,144
31 Total liabilities and net assets/fund balances (see instructions).. 49,145,142 49,416,148
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 49,027,662
2 Enter amount from Part I, line 27a..................... 2 -167,218
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 435,700
4 Add lines 1, 2, and 3.......................... 4 49,296,144
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 49,296,144
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 THROUGH GOLDENTREE PARTNERS-1231 LOSS P    
b THROUGH GOLDENTREE PARTNERS-SHORT TERM P    
c THROUGH GOLDENTREE PARTNERS-LONG TERM P    
d THROUGH GOLDENTREE PARTNERS-1231 LOSS P    
e THORNBURGH INTERNTAIONAL VALUE FUND P   2014-09-10
THORNBURGH INTERNTAIONAL VALUE FUND P   2014-09-10
PIMCO TOTAL RETURN P   2015-01-09
PIMCO TOTAL RETURN P   2015-01-09
THROUGH COOKE & BEILER-SHORT TERM P   2015-06-30
THROUGH COOKE & BEILER-LONG TERM P   2015-06-30
THROUGH WESTFIELD CAPITAL-SHORT TERM P   2015-06-30
THROUGH WESTFIELD CAPITAL-LONG TERM P   2015-06-30
THROUGH WCM INTL FOCUSED GRWTH-SHORT TERM P   2015-06-30
THROUGH WCM INTL FOCUSED GRWTH-LONG TERM P   2015-06-30
THROUGH EARNEST PARTNERS-SHORT TERM P   2015-06-30
THROUGH EARNEST PARTNERS-LONG TERM P   2015-06-30
SALE OF ARTWORK D   2015-06-30
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a       -11,745
b       4,763
c       -131,762
d       0
e 39,052   30,918 8,134
2,940,828   2,328,282 612,546
27,517   26,928 589
438,281   428,893 9,388
323,913   317,997 5,916
2,643,118   1,591,666 1,051,452
4,449,900   4,347,296 102,604
3,148,975   2,184,153 964,822
365,494   428,996 -63,502
483,907   475,917 7,990
179,742   157,065 22,677
1,578,044   978,482 599,562
980,400   378,783 601,617
883     883
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       -11,745
b       4,763
c       -131,762
d       0
e       8,134
      612,546
      589
      9,388
      5,916
      1,051,452
      102,604
      964,822
      -63,502
      7,990
      22,677
      599,562
      601,617
      883
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 3,785,934
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 3,660,676 64,773,063 0.056515
2012 3,883,880 56,380,197 0.068887
2011 3,420,920 51,891,120 0.065925
2010 3,257,748 54,154,754 0.060156
2009 3,327,243 51,856,012 0.064163
2 Total of line 1, column (d) ...................... 2 0.315646
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 0.063129
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 65,083,945
5 Multiply line 4 by line 3....................... 5 4,108,684
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 41,365
7 Add lines 5 and 6......................... 7 4,150,049
8 Enter qualifying distributions from Part XII, line 4.............. 8 4,214,931
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 41,365
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 41,365
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 41,365
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 40,671
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 80,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 120,671
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 9
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 79,297
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet79,297 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
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. ...............................
    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.PKF.ORG
    14
    The books are in care ofbulletKERRIE BUITRAGO Telephone no.bullet (212) 517-5400
    Located atbullet863 PARK AVENUENEW YORKNY ZIP+4bullet100750342
    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
    CHARLES C BERGMAN CHAIRMAN
    40.00     		252,910 53,000 0
    24 E 82ND STREET
    NEW YORK,NY10028
    SAMUEL SACHS PRESIDENT
    20.00     		138,197 0 0
    169 STONE HILL ROAD
    BEDFORD,NY10506
    KERRIE BUITRAGO EXECUTIVE V.P.
    40.00     		206,759 53,000 0
    65 MONTAGUE STREET
    BROOKLYN,NY11201
    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
    CAROLINE BLACK PROGRAM OFFICER
    40.00     		100,045 5,002 0
    863 PARK AVENUE
    NEW YORK,NY10075
    BETH COCHEMS-BUDRIS GRANTS MANAGER
    40.00     		82,721 4,136 0
    863 PARK AVENUE
    NEW YORK,NY10075
    GLYNNIS DOLBEE PROGRAM/ADMIN
    40.00     		53,275 2,664 0
    863 PARK AVENUE
    NEW YORK,NY10075
    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
    WESTFILED CAPITAL MANAGEMENT INVESTMENT ADVISORY 83,649
    ONE FINANCIAL CENTER 23RD FL
    BOSTON,MA02111
    EARNEST PARTNERS LLC INVESTMENT ADVISORY 69,214
    1180 PEACHTREE STREET NE SUITE 2300
    ATLANTA,GA30309
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    50,005,144
    b
    Average of monthly cash balances.......................
    1b
    2,742,972
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,326,955
    d
    Total (add lines 1a, b, and c).........................
    1d
    66,075,071
    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
    66,075,071
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    991,126
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    65,083,945
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,254,197
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,254,197
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    41,365
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
    2,092
    c
    Add lines 2a and 2b............................
    2c
    43,457
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,210,740
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,210,740
    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
    3,210,740
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,214,931
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,214,931
    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
    41,365
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,173,566
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 3,210,740
    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....... 2,265,558
    b From 2010....... 3,257,748
    c From 2011....... 3,444,101
    d From 2012....... 1,138,683
    e From 2013....... 544,357
    fTotal of lines 3a through e......... 10,650,447
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 4,214,931
    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..... 3,210,740
    e Remaining amount distributed out of corpus 1,004,191
    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 11,654,638
    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) ...     		2,265,558
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		9,389,080
    10 Analysis of line 9:
    a Excess from 2010.... 3,257,748
    b Excess from 2011.... 3,444,101
    c Excess from 2012.... 1,138,683
    d Excess from 2013.... 544,357
    e Excess from 2014.... 1,004,191
    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:
    MS CAROLINE BLACK
    POLLOCK-KRASNER FDTN 863 PARK
    AVENUE
    NEW YORK,NY100750342
    (212) 517-5400
    bThe form in which applications should be submitted and information and materials they should include:
    THE FOUNDATION HAS A STANDARD APPLICATION FORM TO BE COMPLETED ON LINE AT WWW.PKF.ORG . THE REQUIRED INFORMATION AND MATERIALS NOTED IN THE APPLICATION ARE AS FOLLOWS: 1) CD OF TEN IMAGES 2) A COVER LETTER STATING THE PURPOSE OF THE GRANT, THE AMOUNT REQUESTED AND IN WHAT AMOUNTS. THE APPLICATION MUST BE COMPLETED ON LINE.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ABBASSY SAMIRA
    323 WEST 39TH ST
    NEW YORK,NY10018     		NONE N/A GENERAL 20,000
    ADAMS TRACEY
    24745 SUMMIT FIELD ROAD
    CARMEL,CA93923     		NONE N/A GENERAL 10,000
    AHN SEONGMIN
    76 JACKSON STREET 1
    BROOKLYN,NY11211     		NONE N/A GENERAL 20,000
    ALBRECHT ELKE
    MAX-KUERSCHNER-STR 35
    EISENCAH   99817
    GM     		NONE N/A GENERAL 25,000
    ALEXANDER STEVEN
    58 ORCHARD RD
    WEST ABINGTON,PA18414     		NONE N/A GENERAL 14,000
    ALMEIDA SONIA
    27 BURCH STREET
    ARLINGTON,MA02474     		NONE N/A GENERAL 12,000
    DALLAS MUSEUM OF ART
    1717 NORTH HARWOOD
    DALLAS,TX75201     		NONE 501(C)(3) GENERAL 30,000
    ASPEN INSTITUTE
    477 MADISON AVE
    NEW YORK,NY10022     		NONE 501(C)(3) GENERAL 10,000
    ATTIE SCOTT (SHIMON)
    242 E 7TH ST 3
    NEW YORK,NY10009     		NONE N/A GENERAL 15,000
    AYLON HELENE
    55 BETHUNE STREET 808A
    NEW YORK,NY10014     		NONE N/A GENERAL 15,000
    BAE GREGORY
    5480 S CORNELL AVENUE APT 109
    CHICAGO,IL60615     		NONE N/A GENERAL 20,000
    ALDRICH CONTEMPORARY ART MUSEUM
    258 MAIN STREET
    RIDGEFIELD,CT06877     		NONE 501(C)(3) GENERAL 10,000
    BARON RONALD
    582 DRIGGS AVENUE
    BROOKLYN,NY11211     		NONE N/A GENERAL 30,000
    BAUER ROBERT
    213 DOYLE AVENUE
    PROVIDENCE,RI02906     		NONE N/A GENERAL 9,000
    BEERMAN JOHN
    113 SOUTH WAKE STREET
    HILLSBOROUGH,NC27278     		NONE N/A GENERAL 10,000
    BARTKIEWICZ LESZEK
    UL BRZOZOWA STR 17
    LODZ   93101
    PL     		NONE N/A GENERAL 20,000
    BENGOA MONICA
    LUIS BELTRAN 2094 NUNOA
    SANTIAGO   7770415
    CI     		NONE N/A GENERAL 24,000
    BLACKWELL JOSH
    PO BOX 30963
    NEW YORK,NY10011     		NONE N/A GENERAL 7,000
    BENNETT AMY
    59 PARROTT STREET
    COLD SPRING,NY10516     		NONE N/A GENERAL 13,000
    BERENDES EVA
    CHODOWIECKISTRASSE12/2
    BERLIN   10405
    GM     		NONE N/A GENERAL 20,000
    BISSON MARIELLA
    306 MEADS MOUNTAIN ROAD
    WOODSTOCK,NY12498     		NONE N/A GENERAL 20,000
    BOSWORTHBARBARA
    313 RED ACRE ROAD
    STOW,MA01775     		NONE N/A GENERAL 15,000
    BRIFFA ANTHONY
    BJERREBYVEJ 85
    SVENDBORG   5700
    DA     		NONE N/A GENERAL 28,000
    BRIGGS KEVIN
    123 LEIBROCK CIRCLE
    SOLDTONA,AK99669     		NONE N/A GENERAL 15,000
    BROWN MAGGI
    23 ATHENS STREET APT 1
    CAMBRIDGE,MA02138     		NONE N/A GENERAL 25,000
    BURNS PETER
    C/O CUSTOM HOUSE STUDIOS TEH QUAY
    WESTPORT    
    EI     		NONE N/A GENERAL 21,000
    CARROLL JAMES FL
    173 WEST MAIN STREET
    KUTZTOWN,PA19530     		NONE N/A GENERAL 10,000
    SCULPTURE CENTER
    44-19 PURVIS STREET
    LONG ISLAND CITY,NY11101     		NONE 501(C)(3) GENERAL 20,000
    CHARLES MICHELLE
    128 BROOKE ROAD
    LONDON   N167RS
    UK     		NONE N/A GENERAL 30,000
    CHASE LOUISA
    52 SPRING CLOSE HWY
    EAST HAMPTON,NY11937     		NONE N/A GENERAL 20,000
    CHERVIN CATALINA
    MANSILLA 2972
    BUENOS AIRES   1425
    AR     		NONE N/A GENERAL 13,000
    COLLINS BETHANY
    1219 MORTIMER PLACE SE
    ATLANTA,GA30317     		NONE N/A GENERAL 14,000
    COLWELL VIRGINIA
    3733 CHELLOWE ROAD
    RICHMOND,VA23225     		NONE N/A GENERAL 12,000
    DAVIDSON NANCY
    137 DUANE STREET 4B
    NEW YORK,NY10013     		NONE N/A GENERAL 15,000
    DE LAVAL TAMARA
    RASMUSGATAN 26
    MALMO   21446
    SW     		NONE N/A GENERAL 24,000
    DENNISUK WILLIAM
    PALOKUJA 2 AS 5
    IMATRA   55400
    FI     		NONE N/A GENERAL 23,000
    DESGRANGES CLAUDIA
    OHMSTRA 10-14
    KOLN D   50677
    GM     		NONE N/A GENERAL 20,000
    BOSNIC MILAN
    STARACA MILIJE 1/14
    BELGRADE   11090
    RI     		NONE N/A GENERAL 12,000
    DOYON NATASHA
    33 APT 2 CHEMIN MILL
    CHELSEA,QUEBECJ9B1K8
    CA     		NONE N/A GENERAL 21,000
    DUBNAU JENNIFER
    78-10 34 AVENUE 1B
    JACKSON HEIGHTS,NY11372     		NONE N/A GENERAL 10,000
    DUGAN JESS T
    4047 HARTFORD STREET
    ST LOUIS,MO63116     		NONE N/A GENERAL 11,000
    DUNHAM URBANOWICZ NATALIE
    3400 PAN AMERICAN DRIVE
    MIAMI,FL33133     		NONE N/A GENERAL 28,000
    EDGAR NATALIE
    810 BROADWAY
    NEW YORK,NY10003     		NONE N/A GENERAL 30,000
    ELDER DONALD
    31 ADAMS ROAD
    SAUGERTIES,NY12477     		NONE N/A GENERAL 24,000
    ERICKSON ERIC
    2 FORT DEFIANCE HILL ROAD
    GARRISON,NY10524     		NONE N/A GENERAL 10,000
    ETTUN TAMAR
    670 EASTERN PARKWAY APT 3
    BROOKLYN,NY11213     		NONE N/A GENERAL 17,000
    FERRER ANNE
    187 RUE FAUBOURG POISSONNIERE
    PARIS   75009
    FR     		NONE N/A GENERAL 25,000
    FISCHBEIN SILVIO
    JOSE ANTONIO CAGRERA 3086 AP2-8
    BUENOS AIRES   1186
    AR     		NONE N/A GENERAL 17,000
    INTERNATIONAL FOUNDATION FOR ART RESEARCH
    500 FIFTH AVENUE STE 935
    NEW YORK,NY10110     		NONE N/A GENERAL 10,000
    FRIEDMAN TREY
    319 EAST STREET
    SHARON,CT06069     		NONE N/A GENERAL 28,000
    GAYLORD JIM
    211 LAFAYETTE AVE APT 6
    BROOKLYN,NY11238     		NONE N/A GENERAL 7,000
    GECHTOFF SONIA
    55 BETHUNE STREET
    NEW YORK,NY10014     		NONE N/A GENERAL 25,000
    GENDA DAGMARA
    708-186 EDINBURGH ROAD SOUTH
    GUELPH,ONTARION1G2H9
    CA     		NONE N/A GENERAL 20,000
    GILEWICZ WOJCIECH
    425 BEACH 46TH STREET
    ARVERNE,NY11692     		NONE N/A GENERAL 25,000
    GOLDEN EUNICE
    463 WEST STREET B-332
    NEW YORK,NY10014     		NONE N/A GENERAL 15,000
    GOWDA BHUVANESH
    C/O BALIGA J-9
    RACE COURSE VADIDARA   390007
    ID     		NONE N/A GENERAL 20,000
    GRAY OWEN
    310 GREENWICH ST 13K
    NEW YORK,NY10013     		NONE N/A GENERAL 15,000
    GRIFFIN KOJO
    1069 SEABOARD AVENUE NE 19
    ATLANTA,GA30307     		NONE N/A GENERAL 10,000
    GRIMM CALVIN
    PO BOX 10
    SHADY,NY12409     		NONE N/A GENERAL 20,000
    GUYTON TYREE
    42 WATSON
    DETROIT,MI48201     		NONE N/A GENERAL 13,000
    HAENDEL KARL
    556 WEST AVENUE 46
    LOS ANGELES,CA90065     		NONE N/A GENERAL 14,000
    INTERNATINOAL STUDIO AND CURATORIAL PROGRAM
    1040 METROPOLITAN AVENUE
    BROOKLYN,NY11211     		NONE 501(C)(3) GENERAL 25,000
    HEYLER NIGEL
    18 PARKVIEW 40A ROSLYN GARDENS
    RUSHCUTTERS BAY   NSW2011
    AU     		NONE N/A GENERAL 25,000
    HERNANDEZ ANA B
    4700 HAZEL AVENUE 3R
    PHILADELPHIA,PA19143     		NONE N/A GENERAL 20,000
    HICKMAN JESSE
    301 S SHABWASUNG STREET
    NORTHPORT,MI49670     		NONE N/A GENERAL 18,000
    HOWARD MILDRED
    1820 HARMON STREET
    BERKELEY,CA94703     		NONE N/A GENERAL 30,000
    HUDSON ROBERT
    392 EUCALYPTUS AVENUE
    COTATI,CA94931     		NONE N/A GENERAL 30,000
    JUDD TOM
    403 WEST PRICE STREET
    PHILADELPHIA,PA19144     		NONE N/A GENERAL 10,000
    CHARLOTTE STREET FONDATION
    PO BOX 10263
    KANSAS CITY,MO64171     		NONE 501(C)(3) GENERAL 10,000
    IKEDA MANUBU
    4933 MINERAL POINT RD 3
    MADISON,WI53705     		NONE N/A GENERAL 25,000
    IKEGNAGA HISAE
    32 RUE DE SAINT LOUIS
    THIONVILLE   57100
    FR     		NONE N/A GENERAL 28,000
    JACKSON PATRICK
    600 ROBINSON STREET 4
    LOS ANGELES,CA90026     		NONE N/A GENERAL 27,000
    KAHN NICHOLAS
    1642 RT 66
    GHENT,NY12075     		NONE N/A GENERAL 12,000
    KAIHORI YUKARI
    45 DURHAM STREET ARO VALLEY
    WELLINGTON   6021
    NZ     		NONE N/A GENERAL 10,000
    KALINOWSKI ADAM
    WOLNICA 7/8 M 15
    POZNAN   61746
    PL     		NONE N/A GENERAL 25,000
    KELLER CAROL
    247 WENDELL ROAD
    SHUTESBRY,MA01072     		NONE N/A GENERAL 20,000
    KENT CAROLINE
    2285 UNIVERSITY W UNIT 364
    ST PAUL,MN55114     		NONE N/A GENERAL 12,000
    LOWER MANHATTAN CULTURAL COUNCIL
    125 MAIDEN LN 2
    NEW YORK,NY10038     		NONE 501(C)(3) GENERAL 15,000
    KIMBALL SELENA
    497 16TH STREET 2
    BROOKLYN,NY11215     		NONE N/A GENERAL 17,000
    KOROLOV STAS
    BEN GURION STREET
    AKKO   47232
    IS     		NONE N/A GENERAL 20,000
    KOVES EVA
    BRODY SANDOR UTCA 36
    BUDAPEST   H1088
    HU     		NONE N/A GENERAL 15,000
    KUNDU RIMA
    SREEPALLY QUARTER 8
    WEST BENGAL   731235
    IN     		NONE N/A GENERAL 13,000
    LESPERANCE ELLEN
    5625 N OMAHA AVENUE
    PORTLAND,OR97217     		NONE N/A GENERAL 20,000
    LEVY FLORENCIA
    ACEVEDO 941 APT A
    BUENOS AIRES   1414
    AR     		NONE N/A GENERAL 24,000
    MITRA ANIRBAN
    80 NC BANERJEE ROAD
    WEST BENGAL   712222
    IN     		NONE N/A GENERAL 13,000
    MC GILL CHARLES
    906 SOUTH ST LOFT 2
    PEEKSKILL,NY10566     		NONE N/A GENERAL 10,000
    NEUKAMP ANNE
    KURFURSTENSTR 31/32
    BERLIN   10785
    GM     		NONE N/A GENERAL 27,000
    NGUYEN MAI-THANH THI
    4/118 TONTHAT THIEP STREET
    HUE   10000
    VM     		NONE N/A GENERAL 16,000
    MILLER TRACY
    407 GREENWOOD AVENUE
    BROOKLYN,NY11218     		NONE N/A GENERAL 7,000
    OLIVERIA CHRIS
    2613 PEPPER AVENUE
    LOS ANGELES,CA90065     		NONE N/A GENERAL 13,000
    OROPALLO DEBORAH
    2629 7TH STREET STUDIO B
    BERKELEY,CA94710     		NONE N/A GENERAL 23,000
    OSINSKI CHRISTINE
    490 MAIN STREET
    RIDGEFILED,CT06877     		NONE N/A GENERAL 15,000
    PANTER GARY
    444 EAST 19TH STREET
    BROOKLYN,NY11226     		NONE N/A GENERAL 25,000
    PUSHPAKARAN K KADAPPATH
    KADAPPATH-HOUSE VELUR-POST
    THRISSUR   680601
    IN     		NONE N/A GENERAL 15,000
    RAISSNIA RAHA
    645 PUTNAM AVENUE 3
    BROOKLYN,NY11221     		NONE N/A GENERAL 15,000
    MUHSAM ARMIN
    906 WEST SECOND STREET
    MARYVILLE,MO64468     		NONE N/A GENERAL 10,000
    REED SHELLEY
    44 BROOK STREET
    BROOKLINE,MA02445     		NONE N/A GENERAL 30,000
    NEW YORK FOUNDATION FOR THE ARTS
    20 JAY STREET
    BROOKLYN,NY11201     		NONE 501(C)(3) GENERAL 20,000
    ROYBAL VALERIE
    4619 PALO ALTO SE
    ALBURQUERQUE,NM87108     		NONE N/A GENERAL 20,000
    RYAN AJEAN
    2135 WEST VINE DRIVE
    FORT COLLINS,CO80521     		NONE N/A GENERAL 10,000
    PEGGY GUGENHEIM COLLECTION
    701 DORSODURO
    VENICE   30123
    IT     		NONE 501(C)(3) GENERAL 10,000
    SANDELL SCOTT
    BOX 2081
    SAG HARBOR,NY11963     		NONE N/A GENERAL 10,000
    PEDERSON-KRAG GILLIAN
    726 HANOVER STREET
    SANTA CRUZ,CA95062     		NONE N/A GENERAL 7,000
    SANSIG JAMES
    17 MERRYDALE ROAD 19
    SAN RAFAEL,CA94903     		NONE N/A GENERAL 22,000
    SCHELL HELEN
    75 BRIGHT STREET
    SUNDERLAND   SR60JH
    UK     		NONE N/A GENERAL 22,000
    SCHUCK BILL
    99 COMMERCIAL STREET 15
    BROOKLYN,NY11222     		NONE N/A GENERAL 10,000
    SADE SHULI
    55 WEST 14H STREET APT 16F
    NEW YORK,NY10011     		NONE N/A GENERAL 7,000
    REGINATO PETER
    60 GREEN STREET
    NEW YORK,NY10012     		NONE N/A GENERAL 10,000
    SECCOMBE DAVID
    463 WEST STREET 137C
    NEW YORK,NY10014     		NONE N/A GENERAL 20,000
    SHELLEY WARD
    98 WELLS HILL ROAD
    EASTON,CT06612     		NONE N/A GENERAL 15,000
    SCOTT DREAD (TYLER)
    179 WASHINGTON PK 3
    BROOKLYN,NY11205     		NONE N/A GENERAL 10,000
    SMALDONE ANDREW
    4301 CASTLEMAN CT
    NASHVILLE,TN37215     		NONE N/A GENERAL 11,000
    SOLIVEN MANUEL
    24 NARRA MONTE VISTA SUBD
    MARAKINA   1802
    RP     		NONE N/A GENERAL 18,000
    SOUDERS ELIZABETH BREA
    15 DUNHAM PLACE 10P
    BROOKLYN,NY11249     		NONE N/A GENERAL 15,000
    STANLEY M LOUISE
    1420 45TH STREET 29
    EMERVILLE,CA94608     		NONE N/A GENERAL 12,000
    STOLLE KIRSTEN
    193 SCARLETT RIDGE DRIVE
    MARSHALL,NC28753     		NONE N/A GENERAL 10,000
    STONYBROOK FOUNDATION (PKF HOUSE & STUDY CENTER)
    101 NICHOLLS ROAD
    STONYBROOK,NY11794     		NONE 501(C)(3) GENERAL 200,000
    SUZUKI NAOE
    91 CHERRY STREET UNIT 3
    WALTHAM,MA02453     		NONE N/A GENERAL 18,000
    SUZUKI TAKAHIRO
    4-19-7 KIYOSHIKOUJINN TAKARADUKA
    HYOGO   665-0836
    JA     		NONE N/A GENERAL 20,000
    THOMAS LARRY
    29893 MADSEN LANE
    FORT BRAGG,CA95437     		NONE N/A GENERAL 25,000
    TOEBBE ANN
    5424 S EAST VIEW PARK 2
    CHICAGO,IL60615     		NONE N/A GENERAL 20,000
    TORRETTA MARCELO
    ENTRE RIOS 1912C CIUDAD AUTONOMA
    BUENOS AIRES   1133
    AR     		NONE N/A GENERAL 15,000
    VERMONT STUDIO CENTER
    80 PEARL ST
    JOHNSON CITY,VT05656     		NONE 501(C)(3) GENERAL 20,000
    VIGNA LAURE
    VIGNA 2 QUAI GAMBETTA
    CHALONSURSAONE   71100
    FR     		NONE N/A GENERAL 22,000
    VRENCOSKA GORDANA
    MIRCE OROVCANEC 16/5
    SKOPJE   1000
    MK     		NONE N/A GENERAL 10,000
    WILLIAMS BOYD DAWN
    175 LE CONTE HWY SW
    ATLANTA,GA30331     		NONE N/A GENERAL 7,000
    WOODSTOCK BYRDCLIFFE GUILD
    34 TINKER STREET
    WOODSTOCK,NY12498     		NONE 501(C)(3) GENERAL 21,000
    WAGNER ELISE
    1522 N HUMBOLDT STREET
    PORTLAND,OR97217     		NONE N/A GENERAL 16,000
    ZAHAYKEVICH TAMARA
    9281 SHORE ROAD 620
    BROOKLYN,NY11209     		NONE N/A GENERAL 10,000
    WAGNER CRYSTAL
    234 KELKER STREET APT 2
    HARRISBURG,PA17102     		NONE N/A GENERAL 13,000
    WARDLAW GEORGE
    47 MORGAN CIRCLE
    AMHERST,MA01002     		NONE N/A GENERAL 18,000
    TATE LIVERPOOL
    ALBERT DOCK
    LIVERPOOL   L34BB
    UK     		NONE 501(C)(3) GENERAL 10,000
    WEISKOPF AMY
    441 40TH STREET APT B5
    BROOKLYN,NY11232     		NONE N/A GENERAL 25,000
    MACDOWELL COLONY
    163 EAST 81ST STREET
    NEW YORK,NY10028     		NONE 501(C)(3) GENERAL 20,000
    YOUNGERMAN JACK
    2003 SCUTTLEHOKE ROAD
    BRIDGEHAMPTON,NY119320508     		NONE N/A GENERAL 25,000
    GIANAKOS CRISTOS
    93 MERCER STREET APT 4E
    NEW YORK,NY10012     		NONE N/A GENERAL 10,000
    RICHARD SELESNICK
    27 CENTER STREET
    RHINEBECK,NY12572     		NONE N/A GENERAL 12,000
    SCHWEDER ALEX
    20 MAGAW PLACE 62
    NEW YORK,NY10033     		NONE N/A GENERAL 15,000
    Total .................................bullet 3a 2,567,000
    bApproved for future payment
    ADAMS TRACEY
    24745 SUMMIT FIELD ROAD
    CARMEL,CA93923     		NONE N/A GENERAL 10,000
    ALEXANDER STEVEN
    58 ORCHARD RD
    WEST ABINGTON,PA18414     		NONE N/A GENERAL 13,000
    BENNETT AMY
    59 PARROTT STREET
    COLD SPRING,NY10516     		NONE N/A GENERAL 12,000
    BOSWORTHBARBARA
    313 RED ACRE ROAD
    STOW,MA01775     		NONE N/A GENERAL 15,000
    BRIGGS KEVIN
    123 LEIBROCK CIRCLE
    SOLDTONA,AK99669     		NONE N/A GENERAL 15,000
    COLWELL VIRGINIA
    3733 CHELLOWE ROAD
    RICHMOND,VA23225     		NONE N/A GENERAL 12,000
    DAVIDSON NANCY
    137 DUANE STREET 4B
    NEW YORK,NY10013     		NONE N/A GENERAL 15,000
    DUBNAU JENNIFER
    78-10 34 AVENUE 1B
    JACKSON HEIGHTS,NY11372     		NONE N/A GENERAL 10,000
    DUGAN JESS T
    4047 HARTFORD STREET
    ST LOUIS,MO63116     		NONE N/A GENERAL 11,000
    GRAY OWEN
    310 GREENWICH ST 13K
    NEW YORK,NY10013     		NONE N/A GENERAL 15,000
    GRIFFIN KOJO
    1069 SEABOARD AVENUE NE 19
    ATLANTA,GA30307     		NONE N/A GENERAL 10,000
    GUYTON TYREE
    42 WATSON
    DETROIT,MI48201     		NONE N/A GENERAL 12,000
    HAENDEL KARL
    556 WEST AVENUE 46
    LOS ANGELES,CA90065     		NONE N/A GENERAL 13,000
    KENT CAROLINE
    2285 UNIVERSITY W UNIT 364
    ST PAUL,MN55114     		NONE N/A GENERAL 11,000
    OLIVERIA CHRIS
    2613 PEPPER AVENUE
    LOS ANGELES,CA90065     		NONE N/A GENERAL 12,000
    OSINSKI CHRISTINE
    490 MAIN STREET
    RIDGEFIELD,CT06877     		NONE N/A GENERAL 15,000
    STOLLE KIRSTEN
    193 SCARLETT RIDGE DRIVE
    MARSHALL,NC28753     		NONE N/A GENERAL 9,000
    WAGNER CRYSTAL
    234 KELKER STREET APT 2
    HARRISBURG,PA17102     		NONE N/A GENERAL 12,000
    STONYBROOK FOUNDATION (PKF HOUSE & STUDY CENTER)
    101 NICHOLLS ROAD
    STONYBROOK,NY11794     		NONE 501(C)(3) GENERAL 200,000
    Total .................................bullet 3b 422,000
    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    
    4 Dividends and interest from securities....     14 809,411  
    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.....     14 568,321  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 3,785,934  
    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 5,163,666 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    135,163,666
    (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:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COOPERSMITH SIMON & VOGEL PC 29,060 21,796   7,264

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

    TY 2014 DepreciationSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    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
    CO-OP APARTMENT 1998-01-01 2,329,673 960,993 SL 40.000000000000 58,242 0    
    OFFICE FURNITURE & EQUIPMENT 1998-06-30 157,134 157,134 SL 7.000000000000 0 0    
    OFFICE FURNITURE & EQUIPMENT 1999-01-01 8,910 8,910 SL 7.000000000000 0 0    
    WOOD BLINDS 2000-05-03 1,725 1,722 SL 7.000000000000 0 0    
    BUILDING IMPROVEMENTS 1998-01-01 187,553 77,200 SL 40.000000000000 4,689 0    
    OFFICE FURNITURE & EQUIPMENT 1991-06-30 5,229 5,229 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1991-06-30 1,525 1,525 SL 5.000000000000 0 0    
    SECURITY SYSTEM 1993-06-30 1,950 1,950 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1995-01-01 28,874 28,874 SL 5.000000000000 0 0    
    OFFICE FURNITURE & EQUIPMENT 1996-06-30 2,509 2,509 SL 5.000000000000 0 0    
    SECURITY SYSTEM 1996-06-30 273 273 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1997-06-30 6,279 6,279 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1998-06-30 17,963 17,963 SL 5.000000000000 0 0    
    HP PRINTER 1999-11-11 850 843 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1999-11-02 34,667 34,667 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1996-06-30 11,363 11,363 SL 5.000000000000 0 0    
    WEB SITE 2002-02-28 45,900 45,900 SL 3.000000000000 0 0    
    COMPUTER EQUIPMENT 2003-06-30 1,709 1,709 SL 5.000000000000 0 0    
    A/C UNIT 2005-07-01 3,000 3,000 SL 5.000000000000 0 0    
    3 AIR CONDITIONERS 2006-07-12 3,800 3,800 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 2007-04-27 6,199 6,199 SL 5.000000000000 0 0    
    BUILDING IMPROVEMENTS 2008-06-01 68,909 10,749 SL 39.000000000000 1,767 0    
    OFFICE EQUIPMENT 2009-06-30 4,533 4,533 SL 5.000000000000 0 0    
    PHONE SYSTEM 2010-11-10 12,025 8,818 SL 5.000000000000 2,405 0    
    OFFICE EQUIPMENT 2011-12-31 10,927 5,463 SL 5.000000000000 2,185 0    
    SOFTWARE 2011-12-31 7,820 6,517 SL 3.000000000000 1,303 0    
    COMPUTER EQUIPMENT 2012-08-31 14,591 5,350 SL 5.000000000000 2,918 0    

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PIMCO TOTAL RETURN A FUND 0 0
    EQUITIES AT WESTFIELD MANAGEMENT 6,544,428 7,858,609
    EQUITIES AT COOKE & BIELER, L.P. 6,445,176 7,905,696
    EQUITIES AT EARNEST PARTNERS, LLC 3,814,167 5,942,023
    THORNBURG INTERNATIONAL VALUE CL I 0 0
    TITAN MASTERS 4,505,271 6,128,265
    LEGG MASON BW GLOBAL OPP FUND CL IS 2,129,503 1,955,327
    WCM INTL FOCUSED GROWTH 2,822,876 3,040,137
    DODGE & COX INTL STOCK FUND 3,041,842 2,858,555

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOLDENTREE HIGH YIELD PARTNERS AT COST 7,209,740 7,621,268
    IRONWOOD INTERNATIONAL LTD AT COST 5,000,000 6,354,098

    TY 2014 LandEtcSchedule2
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    CO-OP APARTMENT 2,329,673 1,019,235 1,310,438  
    OFFICE FURNITURE & EQUIPMENT 157,134 157,134 0  
    OFFICE FURNITURE & EQUIPMENT 8,910 8,910 0  
    WOOD BLINDS 1,725 1,722 3  
    BUILDING IMPROVEMENTS 187,553 81,889 105,664  
    OFFICE FURNITURE & EQUIPMENT 5,229 5,229 0  
    COMPUTER EQUIPMENT 1,525 1,525 0  
    SECURITY SYSTEM 1,950 1,950 0  
    COMPUTER EQUIPMENT 28,874 28,874 0  
    OFFICE FURNITURE & EQUIPMENT 2,509 2,509 0  
    SECURITY SYSTEM 273 273 0  
    COMPUTER EQUIPMENT 6,279 6,279 0  
    COMPUTER EQUIPMENT 17,963 17,963 0  
    HP PRINTER 850 843 7  
    COMPUTER EQUIPMENT 34,667 34,667 0  
    COMPUTER EQUIPMENT 11,363 11,363 0  
    WEB SITE 45,900 45,900 0  
    COMPUTER EQUIPMENT 1,709 1,709 0  
    A/C UNIT 3,000 3,000 0  
    3 AIR CONDITIONERS 3,800 3,800 0  
    COMPUTER EQUIPMENT 6,199 6,199 0  
    BUILDING IMPROVEMENTS 68,909 12,516 56,393  
    OFFICE EQUIPMENT 4,533 4,533 0  
    PHONE SYSTEM 12,025 11,223 802  
    OFFICE EQUIPMENT 10,927 7,648 3,279  
    SOFTWARE 7,820 7,820 0  
    COMPUTER EQUIPMENT 14,591 8,268 6,323  


    TY 2014 LegalFeesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CARTER LEDYARD & MILBURN LLP 13,064 6,532   6,532


    TY 2014 OtherAssetsSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK 3,824,806 3,741,806 13,211,385
    SECURITY DEPOSIT 2,880 2,880 2,880
    DUE FROM HERITAGE 107,113 0 0
    ARTWORK RECEIVABLE 84,000    


    TY 2014 OtherExpensesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 49,779 20,586   29,193
    OFFICE EXPENSE 32,906 8,226   24,680
    TELEPHONE 21,166 5,715   15,451
    COMMITTEE OF SELECTION 17,690 0   17,690
    ARTWORK EXPENSE 58,439 58,439   0
    STATE FILING FEES 1,902 0   1,902
    POSTAGE 3,529 882   2,647
    EQUIPMENT LEASING 17,202 4,301   12,901
    COMPUTER EXPENSE 3,679 920   2,759
    CUSTODY FEES 21,729 21,729   0
    THROUGH PASSTHROUGH ENTITIES 138,231 138,231   0
    REPAIRS 33,866 0   33,866


    TY 2014 OtherIncomeSchedule2
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 240,240 240,240 240,240
    UBTI INCOME INCLUDED ABOVE   -14,947  
    GOLDENTREE PARTNERS-PORTFOLIO 328,081 328,081 328,081


    TY 2014 OtherIncreasesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED PENSION 117,480 120,004


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EARNEST PARTNERS, LLC 62,419 62,419   0
    COOKE & BEILER, L.P. 48,326 48,326   0
    CYBER CITY INC 28,932 10,994   17,938
    PRINCIPAL FINANCIAL-PENSION SERVICE 9,500 3,135   6,365
    WESTFIELD CAPITAL 83,649 83,649   0
    GAVION 46,011 46,011   0
    WCM INTL 35,120 35,120   0
    MICROEDGE 17,064 6,484   10,580


    TY 2014 TaxesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN: 13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE 48,000 0   0
    PAYROLL 56,246 13,475   42,771
    FOREIGN TAX WITHHELD 10,785 10,785   0
    TAX ON UBTI 4,307 0   0