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
THAKKAR FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)3581 S HIGHLANDS AVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEBRING, FL33870
A Employer identification number

59-3204990
B Telephone number (see instructions)

(863) 385-5129
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$0J 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...... 25,215 25,215  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 299,690
b Gross sales price for all assets on line 6a 617,232
7 Capital gain net income (from Part IV, line 2)...  
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 4,782 4,782  
12 Total. Add lines 1 through 11........ 329,687 29,997  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 1,550     1,550
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,924 231   1,693
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,474 231   3,243
25 Contributions, gifts, grants paid........ 123,454 123,454
26 Total expenses and disbursements. Add lines 24 and 25 126,928 231   126,697
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 202,759
b Net investment income (if negative, enter -0-) 29,766
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.......... -43,342 23,748  
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) bullet93,496
Less: allowance for doubtful accounts bullet   97,744 Click to see attachment93,496  
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 2,236,460 Click to see attachment2,280,698  
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)...........      
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) 2,290,862 2,397,942 0
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,290,862 2,397,942
30 Total net assets or fund balances (see instructions)...... 2,290,862 2,397,942
31 Total liabilities and net assets/fund balances (see instructions).. 2,290,862 2,397,942
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 2,290,862
2 Enter amount from Part I, line 27a..................... 2 202,759
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,493,621
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 95,679
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,397,942
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.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 97,638 2,023,980 0.048241
2012 50,146 1,724,653 0.029076
2011 47,008 1,610,341 0.029191
2010 123,785 1,761,242 0.070283
2009 103,233 1,470,896 0.070184
2 Total of line 1, column (d) ...................... 2 0.246975
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 0.049395
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 2,152,039
5 Multiply line 4 by line 3....................... 5 106,300
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 298
7 Add lines 5 and 6......................... 7 106,598
8 Enter qualifying distributions from Part XII, line 4.............. 8 126,697
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 1 298
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 298
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 298
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 298
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 298
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletFL
    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 addressbulletNONE
    14
    The books are in care ofbulletJEFF CARLSON CPA Telephone no.bullet (863) 382-4141
    Located atbullet3531 US HWY 27 SOUTHSEBRINGFL ZIP+4bullet33870
    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
     
     
    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
    VINOD C THAKKAR PRESIDENT
    10.00     		0 0 0
    4105 LAFAYETTE AVENUE
    SEBRING,FL33875
    TARLIKA THAKKAR SEC./TREAS.
    10.00     		0 0 0
    4105 LAFATETTE AVENUE
    SEBRING,FL33875
    JITU MEHTA V. PRESIDENT
    1.00     		0 0 0
    571 AVENUE K SE
    WINTER HAVEN,FL33880
    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  
    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.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,181,378
    b
    Average of monthly cash balances.......................
    1b
    3,433
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,184,811
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    2,184,811
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    32,772
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,152,039
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    107,602
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    107,602
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    298
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    298
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    107,304
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    107,304
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    107,304
    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
    126,697
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    126,697
    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
    298
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    126,399
    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 7 107,304
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 3,330
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 126,697
    a Applied to 2013, but not more than line 2a 3,330
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 107,304
    e Remaining amount distributed out of corpus 16,063
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 16,063
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		16,063
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014.... 16,063
    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:
    VINOD C THAKKAR
    3581 HIGHLANDS AVE
    SEBRING,FL33870
    (863) 385-5129
    bThe form in which applications should be submitted and information and materials they should include:
    THE PURPOSE OF THE ORGANIZATION AND A FULL DESCRIPTION OF IT'S FINANCIAL NEEDS.
    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
    ACDJ
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    ADVANCED SYSTEMS INTEGRATION
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 150
    ALAINA KEITH
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    ALEJANDRO ROBLERO TORRES
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    ALEX MARINE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    ALEXIS SBOTO
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    ALYSSA CLOUD
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    AMELIA RITENOUR
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    AMY SCHLOSSER
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    ANH THU LE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    APOSTOLIC CHURCH OF JESUS
    920 S CAROLINA AVE
    AVON PARK,FL33825     		NONE   RELIGIOUS 1,000
    APOSTOLIC CHURCH OF JESUS
    920 S CAROLINA AVE
    AVON PARK,FL33825     		NONE   RELIGIOUS 200
    ASIAN AMERICAN ASSOCIATION OF HIGHL
    2714 NAUTILUS DR
    AVON PARK,FL33825     		NONE   HUMANITARIAN 500
    AVARI KNIGHT
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    AVERY MORGAN
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    BOOKLYN REED
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    BRADY SEE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    BRANDI KIRBY
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    BREANNA JOHNSON
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    BRYCE LANGSTON
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    CALEB HARRIS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    CARLEY WEBB
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    CHAMPION FOR CHILDREN FOUNDATION
    419 E CENTER AVE
    SEBRING,FL33870     		NONE   HUMANITARIAN 5,000
    CHASE VAUGHN
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    CINDY CEMITIERE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    CLAIRE PHYPEIS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    COLBY WHITT
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    DANIELA BENITEZ
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    DANIELLE LEHMAN
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    DAWN HENDERSON
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    DELANEY ANTOINE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    DELIAN CHAZHIKATTU
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    EDGE CHEER CENTER
    502 MAPLE AVE
    SEBRING,FL33870     		NONE   AMATEUR ATHLETICS 50
    ELEONA PALACIOS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    ELIZABETH PRENDEGAST
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    EMILY BROUWER
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    EMILY LITTLE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    EMMANUEL RODRIQUEZ
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    ERIC DANIELSON
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    ERIC LIBRADO MENDOZA
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    ERIKA BIANCO
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 150
    FELLOWSHIP OF CHRISTIAN ATHLETE
    PO BOX 1483
    LAKE PLACID,FL33852     		NONE   RELIGIOUS 1,000
    FERNANDO LOPEZ CENDEJAS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    FLORIDA HOSPITAL FOUNDATION
    4200 SUN N LAKE BLVD
    SEBRING,FL33870     		NONE   HEALTH CARE 15,000
    FRAMES IMAGES
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 1,620
    FRANCESCA PEMBLE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    FRANCIS ESPIRITU
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    GABRIEL ALAMIA
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    GALINDO TENNIS
    1000 EDGEWOOD DR
    LAKELAND,FL33801     		NONE   AMATEUR ATHLETICS 200
    GORDON COX
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    HANNAH LOOMIS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    HANNAH OLANO
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    HANNAH ROSENBAUM
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    HIGH RISK HOPE
    1702 N AVENIDA REPUBLICA
    TAMPA,FL33605     		NONE   HUMANITARIAN 500
    HIGHLANDS COUNTY TENNIS ASSOCIATION
    PO BOX 1408
    SEBRING,FL33871     		NONE   AMATEUR ATHLETICS 2,500
    HIGHLANDS FAMILY YMCA
    100 YMCA LANE
    SEBRING,FL33870     		NONE   AMATEUR ATHLETICS 207
    HIGHLANDS FAMILY YMCA
    100 YMCA LANE
    SEBRING,FL33870     		NONE   AMATEUR ATHLETICS 500
    HIGHLANDS FAMILY YMCA
    100 YMCA LANE
    SEBRING,FL33870     		NONE   AMATEUR ATHLETICS 1,000
    HIGHLANDS LITTLE THEATER
    356 W CENTER STREET
    SEBRING,FL33870     		NONE   ARTS 2,500
    JACE REHBEIN
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    JACKLINE COSGROVE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    JACOB JACKSON
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    JACOB ONEILL
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    JANINE HART
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    JANNELLE HAMILTON
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    JAYDEE GRICE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    JERRY LEE WRIGHT
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    JHALOD DASANIMA SAMAT
    UNKNOWN
    UNKNOWN,FL33870     		NONE   HUMANITARIAN 8,000
    JOHN HOUSTON
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    JOSIE WILSON
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    JULIE'S FUNDS FOR KIDS
    3531 US HWY 27 SOUTH
    SEBRING,FL33870     		NONE   AMATEUR ATHLETICS 5,000
    JVB CENTER
    14102 SCHILLER RD
    HOUSTON,TX77082     		NONE   HUMANITARIAN 500
    KAYLYN GILLIAN
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    KEITH ROBERTS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    KIMBERLY VELASQUEZ
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    KYARA CHAMBERS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    LACAE LIGHTSEY
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    LAKE PLACID HIGH SCHOOL
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    LAKE PLACID YOUTH BASEBALL
    PO BOX 1668
    LAKE PLACID,FL33862     		NONE   AMATEUR ATHLETICS 200
    LAKE PLACID YOUTH FOOTBALL
    59 N MAGNOLIA AVE
    LAKE PLACID,FL33852     		NONE   AMATEUR ATHLETICS 200
    LANCE LOWDER
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    LEE NATIONAL DENIM DAY
    2970 UNIVERSITY PARKWAY
    SARASOTA,FL34243     		NONE   HUMANITARIAN 25
    LIMNEY ROMERO VINDEL
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    LINDA JACKSON
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    LORI DAVIS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    LOUIS CANEVARI
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    LYSS PAGANI CALIMANO
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    MADHAV TIRTH CHARITABLE TRUST
    4/8 SAKET BLOCK
    DELHI,INDIA  
    IN     		NONE   RELIGIOUS 1,001
    MADYSON DESPIES
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    MALEAH BOWERS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    MARIA GLORIA
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    MARIA HERNANDEZ
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    MARIE DANIELS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    MARVIN MARTINEZ SERVIN
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    MARY CROSSON
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    MEGHAN LETHBRIGE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    MELINA OXER
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    MICHAELA BRITT
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    MIKA ELLA DESCARTIN
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    NATALI ADAMS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    NATALIA VIDAL DURAN
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    NATHAN ANDREWS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    NICHOLAS ROWE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    PAOAL CORTEZ RULLAN
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    PAOLO PINEDA
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    PEYTONTURNER
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    RACHEL BOYD
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 200
    RIDGE AREA ARC
    120 W COLLEGE DR
    AVON PARK,FL33825     		NONE   HUMANITARIAN 500
    SAMILA DIAZ
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    SAN JUANITA ADELAIDA SANCHEZ
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    SARAH NORTELUS
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    SARAI SANDOVAL
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    SAVANNAH WHIDDEN
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    SEBRING HIGH SCHOOL
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   AMATEUR ATHLETICS 100
    SEBRING HIGH SCHOOL
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 250
    SEBRING HIGH SCHOOL
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 50
    SEBRING HIGH SCHOOL
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 50
    SEBRING YOUTH BASEBALL
    720 ELF DR
    SEBRING,FL33870     		NONE   AMATEUR ATHLETICS 100
    SILOE MINISTRIES
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    SOUTH FLORIDA STATE COLLGE
    600 W COLLEGE DR
    AVON PARK,FL33825     		NONE   EDUCATION 50,000
    SOUTH FLORIDA STATE COLLGE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 6,950
    SOUTH FLORIDA STATE COLLGE
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 500
    SOUTH FLORIDA STATE COLLGE
    600 W COLLEGE DR
    AVON PARK,FL33825     		NONE   EDUCATION 500
    ST CATHERINE CATHOLIC SCHOOL
    747 S FRANKLIN STREET
    SEBRING,FL33870     		NONE   RELIGIOUS 250
    TALISSA GARZA
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    TAMPA BAY LITTLE LEAGUE
    PO BOX 18971
    TAMPA,FL33679     		NONE   AMATEUR ATHLETICS 250
    THE BETTER LIVING COMMUNITY CENTER
    PO BOX 3092
    LAKE PLACID,FL33852     		NONE   HUMANITARIAN 500
    THG FOUNDATION
    8770 W BRYN MAWR AVE SUI
    CHICAGO,IL60631     		NONE   HUMANITARIAN 500
    TRAVIS AKLASSOU
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    VRAJ
    15 MANOR RD
    SCHUYLKILL HAVEN,PA17972     		NONE   RELIGIOUS 551
    WENDY GARCIA
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    ZUL CAUDILLO
    426 SCHOOL ST
    SEBRING,FL33870     		NONE   EDUCATION 100
    Total .................................bullet 3a 123,454
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 25,215  
    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 4,782  
    8
    Gain or (loss) from sales of assets other than inventory .............     		        299,690
    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)..   29,997 299,690
    13Total. Add line 12, columns (b), (d), and (e)..................
    13329,687
    (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

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

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    THAKKAR FAMILY FOUNDATION
    EIN: 59-3204990
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ALLERGAN INC 2011-12 PURCHASE 2014-12   56,270 22,308     33,962  
    SEAGATE TECH 2013-01 PURCHASE 2014-12   2,005 989     1,016  
    UNITEDHEALTH GP INC 2013-01 PURCHASE 2014-12   23,001 12,555     10,446  
    ACTAVIS PLC 2013-01 PURCHASE 2015-01   27,882 11,225     16,657  
    COVIDIEN PLC 2013-01 PURCHASE 2015-01   9,009 4,846     4,163  
    COVIDIEN PLC 2013-01 PURCHASE 2015-01   18,328 9,859     8,469  
    DIRECTV COM 2013-01 PURCHASE 2015-01   9,487 5,826     3,661  
    DIRECTV COM 2013-01 PURCHASE 2015-01   16,733 10,288     6,445  
    DOLBY CLA 2013-01 PURCHASE 2015-01   15,327 11,982     3,345  
    ISIS PHARM 2013-01 PURCHASE 2015-01   28,483 5,659     22,824  
    VERTEX PHARM 2013-01 PURCHASE 2015-01   23,397 8,802     14,595  
    LIBERTY BROADBAND 2014-12 PURCHASE 2015-01   128       128  
    LIBERTY BROADBAND 2014-12 PURCHASE 2015-01   8       8  
    MEDTRONIC PLC 2015-01 PURCHASE 2015-01   53 55     -2  
    ALLERGAN INC 2011-12 PURCHASE 2015-02   58,845 21,723     37,122  
    COVIDIEN PLC 2013-01 PURCHASE 2015-01   9,009 4,758     4,251  
    COVIDIEN PLC 2013-01 PURCHASE 2015-01   18,832 9,947     8,885  
    FACTSET RESEARCH 2011-12 PURCHASE 2015-03   20,275 12,538     7,737  
    MEDTRONIC PLC 2015-01 PURCHASE 2015-01   53 57     -4  
    BIOGEN INC 2013-01 PURCHASE 2015-05   18,255 7,143     11,112  
    BROADCOM CORP 2013-01 PURCHASE 2015-05   2,994 2,144     850  
    GOOGLE INC 2011-12 PURCHASE 2015-05   154 87     67  
    PALL CORP 2013-01 PURCHASE 2015-05   21,599 11,871     9,728  
    PALL CORP 2013-01 PURCHASE 2015-05   13,246 7,300     5,946  
    PALL CORP 2013-01 PURCHASE 2015-05   4,827 2,661     2,166  
    PALL CORP 2013-01 PURCHASE 2015-05   4,457 2,456     2,001  
    TE CONNECTIVITY 2013-01 PURCHASE 2015-05   12,643 7,183     5,460  
    FACTSET RESEARCH 2011-12 PURCHASE 2015-06   2,599 1,520     1,079  
    FACTSET RESEARCH 2011-12 PURCHASE 2015-06   1,462 794     668  
    FACTSET RESEARCH 2011-12 PURCHASE 2015-06   10,038 5,382     4,656  
    FACTSET RESEARCH 2011-12 PURCHASE 2015-06   330 176     154  
    FACTSET RESEARCH 2012-04 PURCHASE 2015-06   4,944 3,006     1,938  
    FACTSET RESEARCH 2012-04 PURCHASE 2015-06   2,797 1,704     1,093  
    FACTSET RESEARCH 2012-04 PURCHASE 2015-06   2,129 1,303     826  
    MEDTRONIC PLC 2015-01 PURCHASE 2015-01   53 57     -4  
    WW GRAINGER 2012-10 PURCHASE 2015-08   17,697 16,256     1,441  
    WW GRAINGER 2013-05 PURCHASE 2015-08   12,252 13,918     -1,666  
    ACCENTURE PLC 2011-12 PURCHASE 2015-09   7,007 4,279     2,728  
    APPLE INC 2011-12 PURCHASE 2015-09   5,405 2,695     2,710  
    CABLEVISION 2013-01 PURCHASE 2015-09   53,046 24,507     28,539  
    GARTNER INC 2013-01 PURCHASE 2015-09   3,452 2,054     1,398  
    GARTNER INC 2013-01 PURCHASE 2015-09   1,936 1,209     727  
    GOOGLE INC 2011-12 PURCHASE 2015-09   9,326 4,722     4,604  
    NIKE INC 2012-06 PURCHASE 2015-09   11,237 4,832     6,405  
    NIKE INC 2012-08 PURCHASE 2015-09   3,542 1,370     2,172  
    OREILLY AUTO 2014-08 PURCHASE 2015-09   9,011 5,508     3,503  
    REGENERON PHARM 2014-02 PURCHASE 2015-09   9,814 7,189     2,625  
    STARBUCKS 2011-12 PURCHASE 2015-09   10,873 4,289     6,584  
    TJX COS INC 2013-12 PURCHASE 2015-09   9,681 8,764     917  
    VISA INC 2013-02 PURCHASE 2015-09   13,301 7,746     5,555  

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THAKKAR FAMILY FOUNDATION
    EIN: 59-3204990
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY 106169 2,280,698  

    TY 2014 OtherDecreasesSchedule
    Name:
    THAKKAR FAMILY FOUNDATION
    EIN: 59-3204990
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    THAKKAR FAMILY FOUNDATION
    EIN: 59-3204990
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ADVERTISING COSTS        
    PENALTIES 231 231    
    WEBPAGE 1,668     1,668
    SUPPLIES 25     25


    TY 2014 OtherIncomeSchedule2
    Name:
    THAKKAR FAMILY FOUNDATION
    EIN: 59-3204990
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TENNIS ASSOCIATION LOAN 4,782 4,782  


    TY 2014 OtherLiabilitiesSchedule
    Name:
    THAKKAR FAMILY FOUNDATION
    EIN: 59-3204990
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL INCOME TAX    


    TY 2014 OtherNotesLoansRcvblShortSch2
    Name:
    THAKKAR FAMILY FOUNDATION
    EIN: 59-3204990
    Name of 501(c)(3) Organization Balance Due
     
          		93,496


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THAKKAR FAMILY FOUNDATION
    EIN: 59-3204990
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKERAGE FEES 5104-6169        
    ACCOUNTING 1,550     1,550