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
BLUE WATERS FOUNDATION CO STEVE BUCK
 

Number and street (or P.O. box number if mail is not delivered to street address)1908 BLUE WATERS FARM LANE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PASADENA, MD21122
A Employer identification number

04-3707013
B Telephone number (see instructions)

(410) 437-8781
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$5,080,723J 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...... 56,884 56,884  
5a Gross rents.............. 14,879    
b Net rental income or (loss) -6,268
6a Net gain or (loss) from sale of assets not on line 10 299,336
b Gross sales price for all assets on line 6a 1,986,631
7 Capital gain net income (from Part IV, line 2)... 299,336
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 1,471 1,471  
12 Total. Add lines 1 through 11........ 372,570 357,691  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,773 3,387   0
c Other professional fees (attach schedule).... Click to see attachment 60,636 60,636   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,544 1,544   0
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 21,147 21,147   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 90,100 86,714   0
25 Contributions, gifts, grants paid........ 212,500 212,500
26 Total expenses and disbursements. Add lines 24 and 25 302,600 86,714   212,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 69,970
b Net investment income (if negative, enter -0-) 270,977
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............... 3,460 3,890 3,890
2 Savings and temporary cash investments.......... 104,877 572,228 572,228
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment55,081 54,026
b Investments—corporate stock (attach schedule)........ 1,703,726 Click to see attachment1,712,186 1,779,321
c Investments—corporate bonds (attach schedule)........ 719,249 Click to see attachment428,766 424,696
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,434,403 Click to see attachment1,684,307 2,246,562
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) 3,965,715 4,456,458 5,080,723
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 attachment0 Click to see attachment8,750
23 Total liabilities (add lines 17 through 22).......... 0 8,750
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 3,965,715 4,447,708
30 Total net assets or fund balances (see instructions)...... 3,965,715 4,447,708
31 Total liabilities and net assets/fund balances (see instructions).. 3,965,715 4,456,458
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 3,965,715
2 Enter amount from Part I, line 27a..................... 2 69,970
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 412,023
4 Add lines 1, 2, and 3.......................... 4 4,447,708
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 4,447,708
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 140 SHARES OF AUTOMATIC DATA PROCESSING   2014-07-01 2014-10-01
b CAPTIAL GAINS DIVIDENDS P 2013-07-01 2015-06-30
c 105 SHARES OF TJX COS INC NEW COM ISIN #US8725401090 SEDOL #2989301   2015-03-20 2015-03-30
d 275 SHARES OF WAL-MART STORES INC COM ISIN #US9311421039 SEDOL #2936921   2011-03-21 2015-03-20
e 150 SHARES OF VARIAN MED SYS INC COM ISIN #US92220P1057 SEDOL #2927516   2011-03-21 2015-03-20
95 SHARES OF UNITED TECHNOLOGIES CORP   2012-03-07 2015-03-20
325 SHARES OF TOTAL SYS SVCS INC   2011-03-21 2015-03-20
185 SHARES OF 3M COMPANY   2011-03-21 2015-03-20
235 SHARES OF SYSCO CORP   2011-03-21 2015-03-20
265 SHARES OF PROCTER & GAMBLE CO   2011-03-21 2015-03-20
210 SHARES OF ORACLE CORP COM ISIN #US68389X1054 SEDOL #2661568   2011-03-21 2015-03-20
220 SHARES OF OMNICOM GROUP   2011-03-21 2015-03-20
375 SHARES OF NOVO-NORDISK A S ADR ISIN #US6701002056 SEDOL #2651202   2011-03-21 2015-03-20
255 SHARES OF NIKE INC CLASS B   2011-03-21 2015-03-20
310 SHARES OF MICROSOFT CORP   2012-03-07 2015-03-20
220 SHARES OF MCDONALDS CORP   2011-03-21 2015-03-20
90 SHARES OF MCCORMICK &CO INC COM NON VTG ISIN #US5797802064 SEDOL #2550161   2011-03-21 2015-03-20
45 SHARES OF JOHNSON & JOHNSON   2011-03-21 2015-03-20
110 SHARES OF INTL BUSINESS MACH   2011-03-21 2015-03-20
105 SHARES OF GENERAL DYNAMICS CRP   2012-03-07 2015-03-20
300 SHARES OF COGNIZANT TECH SOLUTIONS CORP   2013-07-31 2015-03-20
535 SHARES OF COCA COLA CO   2011-03-21 2015-03-20
205 SHARES OF COACH INC   2013-01-23 2015-03-20
300 SHARES OF CISCO SYS INC COM ISIN #US17275R1023 SEDOL #2198163   2011-03-21 2015-03-20
180 SHARES OF C H ROBINSON WORLDWIDE INC COM NEW ISIN #US12541W2098 SEDOL #2   2013-05-08 2015-03-20
46 SHARES OF CDK GLOBAL INC COM USD0.01   2011-03-21 2015-03-20
90 SHARES OF BERKSHIRE HATHAWAY INC DEL CL B NEW   2011-03-21 2015-03-20
210 SHARES OF BECTON DICKINSON CO   2011-03-21 2015-03-20
125 SHARES OF ABBVIE INC COM USD0.01   2011-03-21 2015-03-20
465 SHARES OF MEDTRONIC PLC USD0.0001 ISIN #IE00BTN1Y115 SEDOL #BTN1Y11   2011-03-21 2015-03-20
145 SHARES OF ACCENTURE PLC CLS A USD0.0000225   2013-07-31 2015-03-20
5378.42 SHARES OF FPA CRESCENT FUND   2011-02-18 2015-03-11
16000.65 SHARES OF RIDGEWORTH FLOATING RATE INCOME FD I   2013-07-24 2015-03-11
2445 SHARES OF WISDOMTREE TRUST JAPAN HEDGE EQT ISIN #US97717W8516 SEDOL #B1   2013-07-30 2015-03-09
30192.42 SHARES OF THE OSTERWEIS STRATEGIC INCOME FD   2014-03-11 2015-03-04
8643.98 SHARES OF MAINSTAY MARKETFIELD FUND CLASS I   2014-03-11 2015-03-04
65 SHARES OF WILLIAMS COS INC   2015-03-20 2015-06-22
10073.84 SHARES OF OAKMARK INTERNATIONAL CL I   2011-03-21 2015-06-18
11490.06 SHARES OF DFA US CORE EQUITY II   2013-07-30 2015-06-18
110 SHARES OF TERADATA CORP DEL COM   2015-03-20 2015-06-12
30 SHARES OF AETNA INC NEW COM   2015-03-20 2015-06-04
65 SHARES OF COMCAST CORP NEW CL A   2015-03-20 2015-04-27
GOOGLE INC   2014-01-01 2015-05-05
375 SHARES OF MEDTRONIC INC COM   2014-01-01 2015-01-27
0.6670 SHARES OF CDK GLOBAL INC   2013-07-01 2014-10-17
(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 872   872 0
b 119,405     119,405
c 3,870   3,810 60
d 22,872   15,713 7,159
e 14,165   10,194 3,971
11,363   8,566 2,797
12,531   6,175 6,356
30,833   17,059 13,774
9,079   6,562 2,517
22,423   17,631 4,792
9,333   6,752 2,581
13,719   8,915 4,804
18,603   9,302 9,301
26,128   10,139 15,989
13,239   9,892 3,347
21,317   18,541 2,776
6,547   4,451 2,096
4,606   2,874 1,732
17,815   19,323 -1,508
14,326   7,391 6,935
19,258   10,936 8,322
21,624   18,339 3,285
8,508   10,678 -2,170
8,557   6,542 2,015
13,614   10,415 3,199
2,225   859 1,366
13,083   7,437 5,646
30,403   19,268 11,135
7,563   3,276 4,287
7,023   6,926 97
13,216   10,780 2,436
180,954   148,918 32,036
141,736   144,601 -2,865
133,572   110,927 22,645
348,992   363,079 -14,087
139,427   160,000 -20,573
3,892   3,134 758
250,738   264,851 -14,113
209,434   176,005 33,429
4,229   4,836 -607
3,466   3,259 207
3,770   3,810 -40
61     61
28,223   14,245 13,978
17   12 5
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       0
b       119,405
c       60
d       7,159
e       3,971
      2,797
      6,356
      13,774
      2,517
      4,792
      2,581
      4,804
      9,301
      15,989
      3,347
      2,776
      2,096
      1,732
      -1,508
      6,935
      8,322
      3,285
      -2,170
      2,015
      3,199
      1,366
      5,646
      11,135
      4,287
      97
      2,436
      32,036
      -2,865
      22,645
      -14,087
      -20,573
      758
      -14,113
      33,429
      -607
      207
      -40
      61
      13,978
      5
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 2 299,336
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      
2012      
2011      
2010      
2009      
2 Total of line 1, column (d) ...................... 2  
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  
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4  
5 Multiply line 4 by line 3....................... 5  
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6  
7 Add lines 5 and 6......................... 7  
8 Enter qualifying distributions from Part XII, line 4.............. 8  
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 5,420
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 5,420
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 5,420
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  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 122
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 5,542
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
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)
    bulletMD
    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 addressbulletN/A
    14
    The books are in care ofbulletSTEVEN BUCK Telephone no.bullet (410) 437-8781
    Located atbullet1908 BLUE WATERS FARM LANEPASADENAMD ZIP+4bullet21122
    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
    STEVEN BUCK TRUSTEE
    1.00     		0 0 0
    1908 BLUE WATERS FARM LANE
    PASADENA,MD21122
    NANCY FOHRELL TRUSTEE
    1.00     		0 0 0
    1240 TAYLOR AVE
    ARNOLD,MD21012
    MEAGAN HEFFERNAN TRUSTEE
    1.00     		0 0 0
    1908 BLUE WATERS FARM LANE
    PASADENA,MD21122
    DENNIS KLINE TRUSTEE
    1.00     		0 0 0
    6505 HOME WATER WAY 301
    GLEN BURNIE,MD21060
    DARYL SIDLE TRUSTEE
    1.00     		0 0 0
    120 EAST BALTIMORE STREET SUITE
    2100
    BALTIMORE,MD21202
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    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
    4,887,118
    b
    Average of monthly cash balances.......................
    1b
    292,354
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,179,472
    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
    5,179,472
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    77,692
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,101,780
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    255,089
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    255,089
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    5,420
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
    2,082
    c
    Add lines 2a and 2b............................
    2c
    7,502
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    247,587
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    247,587
    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
    247,587
    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
    212,500
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    212,500
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    212,500
    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 7 247,587
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 212,500
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 212,500
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		35,087
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    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).)
    STEVEN BUCK
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    THE UNITED WAY OF CENTRAL MARYLAND INC
    100 SOUTH CHARLES STREET
    BALTIMORE,MD21203     		  501(C)(3) GENERAL SUPPORT 25,000
    THE UNITED WAY OF CENTRAL MARYLAND INC FBO YWCA
    100 SOUTH CHARLES STREET
    BALTIMORE,MD21203     		  501(C)(3) GENERAL SUPPORT 100,000
    THE UNITED WAY OF CENTRAL MARYLAND INC FBO MARYLAND THERAPEUTIC RIDING
    100 SOUTH CHARLES STREET
    BALTIMORE,MD21203     		  501(C)(3) GENERAL SUPPORT 37,500
    HABITAT FOR HUMANITY OF THE CHESAPEAKE
    3741 COMMERCE DRIVE NO 309
    BALTIMORE,MD21227     		  501(C)(3) GENERAL SUPPORT 50,000
    Total .................................bullet 3a 212,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 56,884  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 900099 14,879 38 -21,147  
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 1,471  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 299,336  
    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).. 14,879 336,544 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13351,423
    (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:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,773 3,387   0

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BLACKROCK INC MTN 26,140 25,410
    PFIZER INC SR NT 25,702 24,910
    CONOCOPHILLIPS CO SR NT 24,588 23,754
    AT&T INC SR NT 24,115 23,488
    DEERE JOHN CAP CORP MTNS BE 25,820 25,325
    CITIGROUP INC SR NT 24,856 24,691
    FEDERAL FARM CR BKS CONS BD 50,007 49,951
    GOLDMAN SACHS GROUP INC 25,325 25,380
    WACHOVIA CORP NEW NT FLT 24,955 24,913
    FEDERAL HOME LOAN BANKS 50,039 50,081
    MORGAN STANLEY SR NT-F 26,391 26,374
    JPMORGAN CHASE & CO MTN 25,060 25,022
    BANK AMER CORP 25,069 25,061
    BANK NEW YORK MTN BK ENT 24,911 24,853
    VIRTUS EMERGING MKTS OPPT CLASS I 25,788 25,483
    RIDGEWORTH FDS SEIX FLRT HI 0 0
    VALUED ADVISERS TR A OK STG INSTL 0 0
    OSTERWEIS STRATEGIC INC FD 0 0

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ORACLE CORP COM 13,516 18,135
    OMNICOM GROUP 7,432 10,771
    MICROSOFT CORP 9,136 15,894
    MERCK & CO INC NEW COM 12,873 12,525
    MARATHON OIL CORP 7,063 7,166
    MACYS INC COM 14,471 14,843
    JOHNSON & JOHNSON 8,829 14,619
    PEPSICO INC 6,359 9,334
    JPMORGAN CHASE & CO 16,721 18,295
    GOOGLE INC CL C 25,616 23,943
    GENERAL ELECTRIC CO 20,120 20,990
    FISERV INC 14,078 14,495
    EXPRESS SCRIPTS HLDG CO COM 20,573 21,346
    EQT CORP COM 5,940 6,101
    EOG RESOURCES INC 3,999 3,940
    E M C CORP MASS 14,468 14,251
    HOME DEPOT INC COM 18,269 17,225
    PRAXAIR INC 12,830 12,553
    PRUDENTIAL FINL INC 16,916 17,942
    QUALCOMM INC 6,103 5,637
    SIMON PPTY GRP INC 10,822 9,516
    VIRTUS EMERGING MKTS OPPT CLASS I 100,030 97,448
    IRON STRATEGIC INCOME FD INSTL 224,058 237,876
    TWEEDY BROWNE GLOBAL VALUE FUND 200,030 195,706
    ANGEL OAK MULTI STRATEGY INC INSTL 234,275 234,710
    AT MID CAP EQUITY INSTITUTIONAL 200,030 202,046
    WILLIAMS COS INC 15,430 18,365
    WELLS FARGO & CO NEW 16,282 16,310
    VISA INC COM 9,766 9,737
    VERIZON COMMUNICATIONS 14,959 13,983
    V F CORP 10,539 9,764
    UNITEDHEALTH GROUP 19,724 20,130
    UNITED TECHNOLOGIES CORP 8,974 12,202
    UNION PACIFIC CORP 8,831 7,153
    US BANCORP DEL COM NEW 15,737 15,190
    TJX COS INC NEW COM 14,200 13,565
    STRYKER CORP 6,499 11,946
    DOLLAR GEN CORP NEW COM 13,300 13,605
    DISNEY WALT CO 8,697 9,131
    FIDELITY NATIONAL INFORMATION SERVICES 9,587 8,652
    COMCAST CORP NEW CL A 19,037 19,245
    DANAHER CORP 16,142 15,834
    ALLERGAN PLC. COM 17,381 16,690
    MEDTRONIC PLC 21,931 21,119
    ABBVIE INC COM 125 336
    CITIGROUP INC COM NEW 11,119 11,600
    CISCO SYS INC COM 9,369 14,691
    CAPITAL ONE FINANCIAL CORP 15,854 17,154
    COLGATE-PALMOLIVE CO 9,028 8,503
    CVS HEALTH CORP COM 16,652 16,781
    BOEING CO 13,941 12,485
    BLACKROCK INC 9,471 8,650
    BANK OF AMERICA CORP 14,146 15,148
    AUTOMATIC DATA PROCESSING INC 12,292 16,848
    APPLE INC 17,320 28,848
    ANADARKO PETE CORP 13,104 12,490
    AMERICAN EXPRESS CO 10,497 10,104
    AMAZON.COM INC 17,037 19,534
    ALLIANCE DATA SYS CORP 10,276 10,218
    AETNA INC NEW COM 15,209 17,844
    TYCO INTERNATIONAL PLC 8,026 7,119
    CITRIX SYSTEMS INC 7,967 8,770
    ARTISAN INTL VALUE FUND INV CL 29,180 32,270
    WISDOMTREE TRUST JAPN HEDGE 0 0
    FPA FDS TS FPA CRESCENT I 0 0
    MAINSTAY FDS TR MARKETFIELD FD I 0 0
    DFA INVT DIMENSION GRP US CORE 0 0
    UNIFIED SER TR IRON STRAT INC 0 0
    HARRIS ASSOC INVT TR OAKMARK INTL 0 0
    SARATOGA RIM MGD ACCOUNT 0 0

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    US Government Securities - End of Year Book Value:

    55,081
    US Government Securities - End of Year Fair Market Value:

    54,026
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2014 InvestmentsOtherSchedule2
    Name:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    TOURMALET MATAWIN OFFSHORE FUND LP AT COST 0 22,068
    AMA PRIVATE REAL ESTATE FUND I LP AT COST 103,564 271,378
    ABBEY CAPITAL ACL ALTERNATIVE FUND LTD AT COST 221,834 213,486
    RIVERVIEW GLOBAL MACRO FUND AT COST 200,000 228,022
    SILVER CREEK LOW VOLATILITY AT COST 658,909 633,473
    GREENLIGHT MASTERS OFFSHORE AT COST 500,000 878,135

    TY 2014 OtherExpensesSchedule
    Name:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSES RELATED TO RENTAL 21,147 21,147   0


    TY 2014 OtherIncomeSchedule2
    Name:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PASSTHROUGH INVESTMENT INCOME FROM AMA PRIVATE REAL ESTATE FUND I 1,810 1,810 1,810
    OTHER PASSTHROUGH INVESTMENT INCOME FROM ACL ALTERNATIVE FUND -339 -339 -339


    TY 2014 OtherIncreasesSchedule
    Name:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    Description Beginning of Year - Book Value End of Year - Book Value
    INVESTMENT IN TOURMALET MATAWIN OFFSHORE FUND LP 0 8,750


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 60,636 60,636   0


    TY 2014 TaxesSchedule
    Name:
    BLUE WATERS FOUNDATION CO STEVE BUCK
    EIN: 04-3707013
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 74 74   0
    STATE TAXES 1,470 1,470   0