Form990-PF

Department of the Treasury
Internal Revenue Service

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

Number and street (or P.O. box number if mail is not delivered to street address)251 Royal Palm Way Room 400   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Palm Beach, FL33480
A Employer identification number

22-2570737
B Telephone number (see instructions)

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$66,267,222J 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...... 955,482 942,710  
5a Gross rents.............. 323,853 323,853  
b Net rental income or (loss) 217,468
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -79,283
b Gross sales price for all assets on line 6a 2,219,144
7 Capital gain net income (from Part IV, line 2)... 0
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 -81,514 2,254,803  
12 Total. Add lines 1 through 11........ 1,118,538 3,521,366  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 591,796 25,150   491,196
14 Other employee salaries and wages...... 32,019     32,019
15 Pension plans, employee benefits....... 60,446 2,472   50,557
16a Legal fees (attach schedule)......... Click to see attachment 6,656 6,656    
b Accounting fees (attach schedule)....... Click to see attachment 99,949     89,949
c Other professional fees (attach schedule).... Click to see attachment 68,378 65,801   2,577
17 Interest............... 666,944 337,594    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 972,838 488,812   2,779
19 Depreciation (attach schedule) and depletion... Click to see attachment 976,092 462,350  
20 Occupancy.............. 101,462     101,462
21 Travel, conferences, and meetings....... 4,826     4,826
22 Printing and publications.......... 2,890     2,890
23 Other expenses (attach schedule)....... Click to see attachment 2,023,531 1,146,589   13,847
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,607,827 2,535,424   792,102
25 Contributions, gifts, grants paid........ 2,937,605 2,937,605
26 Total expenses and disbursements. Add lines 24 and 25 8,545,432 2,535,424   3,729,707
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,426,894
b Net investment income (if negative, enter -0-) 985,942
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............... 1,184,283 5,033,639 5,033,639
2 Savings and temporary cash investments.......... 3,080,064 1,474,517 1,474,517
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   72,257    
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) bullet2,410,825
Less: allowance for doubtful accounts bullet   8,038,446 Click to see attachment2,410,825 2,410,825
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 152,882 79,327 79,327
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 3,294,467 Click to see attachment9,400,569 8,074,439
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet3,570,767
Less: accumulated depreciation (attach schedule) bullet575,771 3,027,170 Click to see attachment2,994,996 4,588,000
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 41,699,598 Click to see attachment31,610,078 44,466,953
14 Land, buildings, and equipment: basis bullet102,962
Less: accumulated depreciation (attach schedule) bullet51,647 15,570 Click to see attachment51,315 51,315
15 Other assets (describe bullet) Click to see attachment5,600 Click to see attachment88,207 Click to see attachment88,207
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 60,570,337 53,143,473 66,267,222
Liabilities 17 Accounts payable and accrued expenses.......... 300 330
18 Grants payable.................. 115,000 115,000
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).......... 115,300 115,330
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 60,455,037 53,028,143
30 Total net assets or fund balances (see instructions)...... 60,455,037 53,028,143
31 Total liabilities and net assets/fund balances (see instructions).. 60,570,337 53,143,473
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 60,455,037
2 Enter amount from Part I, line 27a..................... 2 -7,426,894
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 53,028,143
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 53,028,143
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 Mariner Voyager Class A P 2006-09-30 2014-12-31
b 25,000 FL Dev Fin Txbl 12.5 P 2008-09-30 2014-10-02
c 35,000 Umatilla FL 9.375 P 2012-12-19 2014-10-02
d 15,000 Umatilla FL 9.375 P 2014-08-08 2014-10-02
e 2,075 shares Noble Corp PLC P 2014-09-09 2014-10-03
815 Canadian Oil Sands Ltd P 2006-06-20 2014-10-06
305 Canadian Oil Sands Ltd P 2010-09-09 2014-10-06
705 Canadian Oil Sands Ltd P 2011-12-09 2014-10-06
145 shares Baytex Energy Corp P 2007-08-27 2014-10-08
350 shares Baytex Energy Corp P 2008-02-22 2014-10-08
85 shares Baytex Energy Corp P 2013-01-04 2014-10-08
40,000 Pinellas Cnty FL 12 P 2010-12-17 2014-10-21
65 shares Legett Platt Incorporated P 2010-11-10 2014-11-04
600 shares Legett Platt Incorporated P 2013-10-28 2014-11-04
355 shares Seagate Technology P 2012-07-09 2014-11-07
315 shares Seagate Technology P 2012-08-30 2014-11-07
30 shares Seagate Technology P 2014-10-15 2014-11-07
5,000 Godfrey IL 9.75 P 2012-10-23 2014-11-15
565 shares Public Service Enterprises Group P 2013-11-15 2014-11-17
370 shares Baytex Energy Corp P 2013-01-04 2014-11-19
250 shares Baytex Energy Corp P 2013-06-27 2014-11-19
30,000 LaPaz AZ Txbl 8.5 P 2013-05-30 2014-12-03
485 shares Kraft Foods Group P 2013-11-22 2014-12-01
335 shares Kraft Foods Group P 2013-12-10 2014-12-01
310 shares Cracker Barrel P 2014-05-15 2014-12-03
60 shares Cracker Barrel P 2014-05-28 2014-12-03
890 shares Canadian Oil Sands Ltd P 2011-12-09 2014-12-05
1,075 shares Canadian Oil Sands Ltd P 2013-07-11 2014-12-04
85 shares Baytex Energy Corp P 2013-06-27 2014-12-04
230 shares Baytex Energy Corp P 2013-09-23 2014-12-04
690 shares Baytex Energy Corp P 2014-02-07 2014-12-04
0.832 shares Outfront Media P 2014-12-31 2015-01-02
210 shares Cracker Barrel P 2014-05-28 2014-12-29
115 shares Intel Corp P 2011-08-11 2015-01-06
750 shares Intel Corp P 2011-08-16 2015-01-06
150 shares Kraft Foods Group P 2013-12-10 2015-01-13
300 shares Kraft Foods Group P 2014-02-05 2015-01-13
15 shares Legett Platt Incorporated P 2013-10-28 2015-01-13
910 shares Legett Platt Incorporated P 2014-02-11 2015-01-13
620 shares Ryman Hospitality Properties P 2013-07-01 2015-01-21
255 shares Ryman Hospitality Properties P 2013-07-08 2015-01-21
655 shares Corrections Corp of America P 2013-06-07 2015-02-06
75 shares Corrections Corp of America P 2013-06-13 2015-02-06
1,005 shares Hospitality Properties Trust P 2011-02-04 2015-02-09
30 shares Hospitality Properties Trust P 2011-03-17 2015-02-09
810 shares National Cinemedia P 2011-06-01 2015-02-17
20 shares National Cinemedia P 2011-06-08 2015-02-17
560 shares National Cinemedia P 2011-06-10 2015-02-17
565 shares National Cinemedia P 2011-06-13 2015-02-17
470 shares Sonoco Products P 2009-04-22 2015-03-11
600 shares Sonoco Products P 2009-04-27 2015-03-11
100 shares Sonoco Products P 2012-06-22 2015-03-11
250 shares Cinemark Holdings P 1931-01-08 2015-04-08
495 shares Cinemark Holdings P 2011-04-19 2015-04-08
520 shares Thomson Reuters P 2013-03-25 2015-04-21
10,000 FL ST Dev Fin 8.15 P 2014-06-30 2015-06-01
35,000 Scranton PA Redev Auth 6.1 P 2013-02-06 2015-06-25
5,000 Dklb Cnty GA 8.25 P 2011-08-25 2015-07-01
5,000 Co ST Eductn Txbl 7.75 P 2013-06-28 2015-07-01
1,715 shares FNB Corp P 2011-02-15 2015-07-24
920 shares FNB Corp P 2011-03-15 2015-07-24
405 shares Sonoco Products P 2012-06-22 2015-07-27
540 shares Sonoco Products P 2014-10-03 2015-07-27
445 shares Vermillion Energy P 2013-09-16 2015-07-29
235 shares Vermillion Energy P 2013-11-15 2015-07-29
30 shares Vermillion Energy P 2014-03-17 2015-07-29
615 shares Abbvie Inc P 2013-01-30 2015-08-03
45 shares Abbvie Inc P 2013-02-27 2015-08-03
650 shares Corrections Corp of America P 2013-06-13 2015-08-12
765 shares Corrections Corp of America P 2013-08-09 2015-08-12
770 shares Potash Corp P 2013-09-12 2015-08-12
850 shares Potash Corp P 2013-10-24 2015-08-12
740 shares Potash Corp P 2014-10-27 2015-08-12
2,645 shares Enduro Royalty Trust P 2011-11-03 2015-08-27
680 shares Ares Management LP P 2014-10-06 2014-12-12
50 shares Boeing Co P 2014-10-06 2014-12-12
65 shares BP Prudhoe Bay Royalty Trust P 2014-10-06 2014-12-12
245 shares Caterpillar P 2014-10-06 2014-12-12
225 shares Gamestop P 2014-10-06 2014-12-12
350 shares Getty Realty P 2014-10-06 2014-12-12
135 shares Hess Corp P 2014-10-06 2014-12-12
90 shares Oneok Inc P 2014-10-06 2014-12-12
100 shares Public Service Enterprise P 2014-10-06 2014-12-12
60 shares Public Service Enterprise P 2014-10-06 2014-12-12
345 shares Coach Inc P 2014-10-06 2015-01-16
160 shares ConocoPhillips P 2014-10-06 2015-01-16
630 shares Big 5 Sporting Goods P 2014-10-06 2015-01-16
100 shares Campbell Soup P 2014-10-06 2015-01-16
40 shares Campbell Soup P 2014-10-06 2015-01-16
275 shares Diamond Offshore Drilling P 2014-10-06 2015-01-16
290 shares GAP Inc P 2014-10-06 2015-01-16
100 shares Dow Chemical P 2014-10-06 2015-01-16
75 shares Dow Chemical P 2014-10-06 2015-01-16
150 shares Family Dollar Stores P 2014-10-06 2015-01-16
670 shares Interpublc Group P 2014-10-06 2015-01-16
380 shares NRG Energy P 2014-10-06 2015-01-16
260 shares Ritchie Bros Auctioneers P 2014-10-06 2015-01-16
385 shares Symantec P 2014-10-06 2015-01-16
330 shares Teva Pharmaceutical P 2014-10-06 2015-01-16
85 shares Time Warner Cable P 2014-10-06 2015-01-16
745 shares Western Union P 2014-10-06 2015-01-16
65 shares Wynn Resorts P 2014-10-06 2015-01-16
1,390 shares Cameco CP P 2014-10-06 2015-03-03
170 shares Du Pont E I De Nemours P 2014-10-06 2015-03-03
347 shares Microsoft P 2014-10-06 2015-03-03
300 shares Merck Co P 2014-10-06 2015-03-03
280 shares Coca Cola P 2014-10-06 2015-03-03
150 shares Accenture P 2014-10-06 2015-03-03
220 shares CA Incorporated P 2014-10-06 2015-03-03
80 shares Molson Coors P 2014-10-06 2015-03-03
360 shares First Energy Corp P 2014-10-06 2015-03-03
305 shares ATT P 2014-10-06 2015-03-27
110 shares Union Pac Corp P 2014-10-06 2015-03-27
610 shares Invesco Ltd P 2014-10-06 2015-03-27
120 shares General Mills P 2014-10-06 2015-03-27
75 shares Nucor Corp P 2014-10-06 2015-04-06
1,300 shares Fifth Street Financial Corp P 2014-10-06 2015-04-30
700 shares Hatteras Financial Corp P 2014-11-13 2015-04-30
50 shares Northrup Grumman Corp P 2014-10-06 2015-04-30
155 shares Wal-Mart Stores P 2014-10-06 2015-04-30
750 shares Redwood Trust P 2015-02-23 2015-04-30
0.0411825 shares Google Inc Class C P 2014-10-06 2015-05-06
595 shares Sysco Corp P 2014-10-06 2015-05-08
107 shares Phillip Morris Intl P 2014-10-06 2015-05-08
310 shares Pfizer P 2014-10-06 2015-05-08
275 shares Nucor Corp P 2014-10-06 2015-05-08
160 shares McDonalds P 2014-10-06 2015-05-08
117 shares Lockheed Martin P 2014-10-06 2015-05-08
142 shares Johnson Johnson P 2014-10-06 2015-05-08
150 shares CME Group P 2014-10-06 2015-05-08
125 shares Clorox P 2014-10-06 2015-05-08
150 shares Colgate Palmolive P 2014-10-29 2015-05-08
60 shares Cracker Barrel P 2014-10-06 2015-05-08
290 shares Broadridge Financial P 2014-10-06 2015-05-08
685 shares Bank United P 2014-10-06 2015-05-08
400 shares Intel P 2014-10-06 2015-05-08
216 shares Abbot Labs P 2014-10-06 2015-05-08
150 shares Exxon Mobil P 2014-10-06 2015-05-08
190 shares Target P 2014-10-06 2015-05-08
412 shares ATT P 2014-10-06 2015-05-08
110 shares Kraft Foods Group P 2014-10-06 2015-07-06
1,290 shares Magnetek Inc P 2015-05-01 2015-09-03
(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 228,388   399,650 -171,262
b 25,000   25,000  
c 35,000   35,000  
d 15,000   15,000  
e 42,053   55,515 -13,462
14,451   22,722 -8,271
5,408   7,494 -2,086
12,501   14,385 -1,884
5,027   6,683 -1,656
12,134   2,320 9,814
2,947   3,779 -832
40,000   40,000  
2,583   1,336 1,247
23,845   17,997 5,848
21,953   9,095 12,858
19,479   10,169 9,310
1,855   1,552 303
5,000   5,000  
22,668   19,240 3,428
9,706   16,451 -6,745
6,558   9,032 -2,474
31,200   30,000 1,200
29,122   25,595 3,527
20,115   18,127 1,988
39,764   29,411 10,353
7,696   6,069 1,627
8,598   18,160 -9,562
10,385   20,779 -10,394
1,465   3,071 -1,606
3,965   9,395 -5,430
11,895   24,653 -12,758
21   21  
29,482   21,243 8,239
4,119   2,343 1,776
26,864   15,566 11,298
9,421   8,117 1,304
18,842   15,310 3,532
666   450 216
40,416   27,857 12,559
34,505   23,988 10,517
14,191   9,605 4,586
25,683   20,732 4,951
2,941   2,374 567
32,232   25,024 7,208
962   681 281
11,975   13,105 -1,130
296   303 -7
8,279   8,214 65
8,353   8,323 30
20,794   10,602 10,192
26,546   14,027 12,519
4,424   3,044 1,380
10,831   4,774 6,057
21,444   9,613 11,831
21,325   17,047 4,278
10,000   10,000  
36,663   31,150 5,513
5,000   5,000  
5,000   5,000  
24,102   17,766 6,336
12,929   9,583 3,346
16,343   11,719 4,624
21,791   21,307 484
14,766   24,400 -9,634
7,798   13,257 -5,459
995   1,708 -713
43,329   22,785 20,544
3,170   1,662 1,508
21,028   24,464 -3,436
24,748   26,333 -1,585
20,226   24,588 -4,362
22,328   26,325 -3,997
19,438   25,007 -5,569
7,065   38,077 -31,012
11,162   12,084 -922
6,042   6,357 -315
4,480   5,912 -1,432
22,228   23,949 -1,721
7,419   9,119 -1,700
6,289   6,100 189
9,077   12,259 -3,182
4,073   5,811 -1,738
4,098   3,750 348
2,465   2,250 215
12,413   12,150 263
10,104   12,056 -1,952
7,939   6,034 1,905
4,627   4,245 382
1,854   1,698 156
8,626   9,213 -587
11,715   12,128 -413
4,403   5,088 -685
3,308   3,816 -508
11,240   11,726 -486
13,144   12,120 1,024
9,997   11,997 -2,000
6,563   6,005 558
9,784   9,051 733
18,968   18,038 930
12,399   12,296 103
12,664   12,114 550
9,506   12,203 -2,697
20,953   24,283 -3,330
13,256   12,014 1,242
14,976   16,004 -1,028
17,425   18,039 -614
12,030   12,040 -10
13,669   12,073 1,596
7,116   6,078 1,038
6,013   5,932 81
12,340   12,146 194
9,970   10,846 -876
11,932   12,121 -189
24,205   24,315 -110
6,574   6,063 511
3,522   3,923 -401
9,232   12,076 -2,844
12,613   13,314 -701
7,692   6,483 1,209
12,068   12,013 55
12,867   14,847 -1,980
23   22 1
21,807   22,545 -738
9,115   9,079 36
10,549   9,117 1,432
13,465   14,385 -920
15,692   15,094 598
22,296   20,993 1,303
14,396   15,008 -612
14,095   12,194 1,901
13,440   12,125 1,315
10,201   9,858 343
8,150   6,289 1,861
14,695   12,013 2,682
22,674   20,975 1,699
13,068   13,660 -592
10,233   9,078 1,155
13,314   14,100 -786
15,384   12,021 3,363
13,845   14,651 -806
1,815   6,204 -4,389
64,500   49,663 14,837
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       -171,262
b        
c        
d        
e       -13,462
      -8,271
      -2,086
      -1,884
      -1,656
      9,814
      -832
       
      1,247
      5,848
      12,858
      9,310
      303
       
      3,428
      -6,745
      -2,474
      1,200
      3,527
      1,988
      10,353
      1,627
      -9,562
      -10,394
      -1,606
      -5,430
      -12,758
       
      8,239
      1,776
      11,298
      1,304
      3,532
      216
      12,559
      10,517
      4,586
      4,951
      567
      7,208
      281
      -1,130
      -7
      65
      30
      10,192
      12,519
      1,380
      6,057
      11,831
      4,278
       
      5,513
       
       
      6,336
      3,346
      4,624
      484
      -9,634
      -5,459
      -713
      20,544
      1,508
      -3,436
      -1,585
      -4,362
      -3,997
      -5,569
      -31,012
      -922
      -315
      -1,432
      -1,721
      -1,700
      189
      -3,182
      -1,738
      348
      215
      263
      -1,952
      1,905
      382
      156
      -587
      -413
      -685
      -508
      -486
      1,024
      -2,000
      558
      733
      930
      103
      550
      -2,697
      -3,330
      1,242
      -1,028
      -614
      -10
      1,596
      1,038
      81
      194
      -876
      -189
      -110
      511
      -401
      -2,844
      -701
      1,209
      55
      -1,980
      1
      -738
      36
      1,432
      -920
      598
      1,303
      -612
      1,901
      1,315
      343
      1,861
      2,682
      1,699
      -592
      1,155
      -786
      3,363
      -806
      -4,389
      14,837
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 -79,283
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 -765
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 3,732,668 69,813,203 000.053467
2012 3,823,838 74,001,111 000.051673
2011 4,048,977 80,449,991 000.050329
2010 4,183,619 83,518,313 000.050092
2009 4,901,657 81,896,079 000.059852
2 Total of line 1, column (d) ...................... 2 000.265413
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. . . 		3 000.053083
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 68,044,200
5 Multiply line 4 by line 3....................... 5 3,611,990
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 9,859
7 Add lines 5 and 6......................... 7 3,621,849
8 Enter qualifying distributions from Part XII, line 4.............. 8 3,729,707
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 9,859
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 9,859
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 9,859
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 89,186
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 109186 7 109,186
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 99,327
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet99,327 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
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)
    bulletCT, FL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletThe Organization Telephone no.bullet (561) 835-1313
    Located atbullet251 Royal Palm Way Suite 400Palm BeachFL ZIP+4bullet33480
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16Yes  
    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 bulletCJ
    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
    Simses & Associates PA President/CEO
    030.00     		347,072 38,439  
    251 Royal Palm Way Suite 251
    Palm Beach,FL33480
    Pauline Baker Pitt Director
    020.00     		147,752 22,007  
    320 TAngier Avenue
    Palm Beach,FL33480
    Honorable Lesley Stockard Smith Director
    010.00     		29,835    
    300 Chapel Hill Road
    Palm Beach,FL33480
    Warner DePuy Director
    015.00     		67,137    
    84 W Park Place 3rd Floor
    Stamford,CT06902
    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
     
    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
    Berkman Jorgensen Masters & Stafman LLC Accounting Tax Services 61,141
    2637 East Atlantic Blvd Suite 139
    Pompano Beach,FL33062
    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 N/A 0
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 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
    31,280,787
    b
    Average of monthly cash balances.......................
    1b
    2,476,080
    c
    Fair market value of all other assets (see instructions)................
    1c
    49,731,985
    d
    Total (add lines 1a, b, and c).........................
    1d
    83,488,852
    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
    14,408,446
    3
    Subtract line 2 from line 1d.........................
    3
    69,080,406
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    1,036,206
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    68,044,200
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,402,210
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,402,210
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    9,859
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,859
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,392,351
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,392,351
    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
    3,392,351
    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 Click to see attachment..........
    1a
    3,729,707
    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
    3,729,707
    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
    9,859
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,719,848
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 3,392,351
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 833,710
    b From 2010....... 64,799
    c From 2011....... 108,415
    d From 2012....... 270,706
    e From 2013....... 293,814
    fTotal of lines 3a through e......... 1,571,444
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 3,729,707
    a Applied to 2013, but not more than line 2a  
    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..... 3,392,351
    e Remaining amount distributed out of corpus 337,356
    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 1,908,800
    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) ...     		833,710
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,075,090
    10 Analysis of line 9:
    a Excess from 2010.... 64,799
    b Excess from 2011.... 108,415
    c Excess from 2012.... 270,706
    d Excess from 2013.... 293,814
    e Excess from 2014.... 337,356
    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 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
    Achievement First Bridgeport
    403 James Street
    New Haven,CT06513     		None PC Charitable exempt purpose 200,000
    All Saints Catholic School
    1759 Indian Creek Parkway
    Jupiter,FL33458     		None PC Charitable exempt purpose 30,000
    Animal Medical Center
    510 East 62nd Street
    New York,NY10021     		None PC Charitable exempt purpose 20,000
    Aspen Music Festival & School
    225 Music School Road
    Aspen,CO81611     		None PC Charitable exempt purpose 11,000
    Boy Scouts of America Gulfstream Council
    8335 N Military Trail
    Palm Beach Gardens,FL33410     		None PC Charitable exempt purpose 10,000
    Boys & Girls Club of Palm Beach County
    800 Northpoint Parkway
    West Palm Beach,FL33407     		None PC Charitable exempt purpose 35,000
    Boys & Girls Club of Stamford
    347 Stillwater Avenue
    Stamford,CT06902     		None PC Charitable exempt purpose 20,000
    Breast Cancer Research Foundation
    60 East 56th Street 8th Floor
    New York,NY10022     		None PC Charitable exempt purpose 10,000
    Brigham & Women's Hospital
    215 Peruvian Avenue
    Palm Beach,FL33480     		None PC Charitable exempt purpose 10,000
    Cardinal Newman High School
    512 Spencer Drive
    West Palm Beach,FL33409     		None PC Charitable exempt purpose 62,500
    Children's Storefront
    70 East 129th Street
    New York,NY10035     		None PC Charitable exempt purpose 20,000
    Claremont McKenna College
    500 East Ninth Street
    Claremont,CA917116400     		None PC Charitable exempt purpose 7,500
    Coast Guard Foundation
    394 Taugwonk Road
    Stonington,CT063781807     		None PC Charitable exempt purpose 25,000
    Connecticut Special Olympics
    2666 State Street Suite 1
    Hamden,CT06517     		None PC Charitable exempt purpose 5,000
    Cystic Fibrosis Foundation
    700 S Dixie Hwy Suite 100
    West Palm Beach,FL33401     		None PC Charitable exempt purpose 2,400
    Design Onscreen
    789 Sherman Street Suite 130
    Denver,CO80203     		None PC Charitable exempt purpose 7,500
    Diocese of Bridgeport
    238 Jewett Avenue
    Bridgeport,CT06606     		None PC Charitable exempt purpose 37,500
    Elayne & Donald Flamm Foundation
    251 Royal Palm Way Suite 400
    Palm Beach,FL33480     		None PF Charitable exempt purpose 40,000
    Fairfield College Prepatory School
    1073 North Benson Road
    Fairfield,CT06824     		None PC Charitable exempt purpose 20,000
    Fairfield University
    1073 North Benson Road
    Fiarfield,CT06824     		None PC Charitable exempt purpose 33,000
    Fern House Inc
    1958 Church Street
    West Palm Beach,FL33409     		None PC Charitable exempt purpose 2,500
    First Tee of the Palm Beaches
    2201 SE Indian Street
    Stuart,FL34997     		None PC Charitable exempt purpose 4,000
    Florida Gulf Coast University
    10501 FGCU Boulevard South
    Fort Myers,FL339656565     		None PC Charitable exempt purpose 12,000
    Florida State School of Law
    A 1500 University Center
    Tallahassee,FL32306     		None PC Charitable exempt purpose 30,000
    Florida State University
    A 1500 University Center
    Tallahassee,FL32306     		None PC Charitable exempt purpose 15,000
    Glades Academy Foundation Inc
    One North Clematis Street Suite 200
    West Palm Beach,FL33401     		None PC Charitable exempt purpose 250,000
    God's Love We Deliver
    166 Avenue of the Americas
    New York,NY10013     		None PC Charitable exempt purpose 5,000
    Gwen Knapp Center for Lupus & Immunology
    130 East Randolph Street Suite 1400
    Chicago,IL60601     		None PC Charitable exempt purpose 10,000
    Historical Society of Palm Beach County
    139 North County Road Suite 25
    Palm Beach,FL33480     		None PC Charitable exempt purpose 10,000
    Hospice Foundation of Palm Beach County Inc
    5300 East Avenue
    West Palm Beach,FL33407     		None PC Charitable exempt purpose 10,000
    Housatonic Community College
    900 Lafayette Blvd
    Bridgeport,CT06604     		None PC Charitable exempt purpose 20,000
    Justworld International
    11924 W Forest Hill Blvd Suite 104-
    Wellington,FL33414     		None PC Charitable exempt purpose 6,000
    Keewaydin Foundation
    950 West Shore Road
    SAlisbury,VT05769     		None PC Charitable exempt purpose 6,000
    Landmark College
    1 River Road S
    Putney,VT05346     		None PC Charitable exempt purpose 20,000
    Loggerhead Marine Life Center
    14200 US Highway One
    Juno Beach,FL33408     		None PC Charitable exempt purpose 5,000
    Lyme Research Center
    2001 West Main Street Suite 28
    Stamford,CT06902     		None PC Charitable exempt purpose 25,000
    March of Dimes
    140 Sherman Street 200
    Fairfield,CT06824     		None PC Charitable exempt purpose 5,200
    Marfa Ballroom
    108 E San Antonio
    Marfa,TX79843     		None PC Charitable exempt purpose 5,000
    Marfa Public Radio
    111 South Highland Avenue
    Marfa,TX79843     		None PC Charitable exempt purpose 20,000
    Margaux's Miracle Foundation
    2601 NW 29th Drive
    Boca Raton,FL33434     		None PC Charitable exempt purpose 20,000
    Maritime Aquarium
    10 North Water Street
    Norwalk,CT06854     		None PC Charitable exempt purpose 5,000
    McGivney Center
    P O Box 5220
    Bridgeport,CT06610     		None PC Charitable exempt purpose 35,000
    Museum of the Big Bend
    400 N Harrison Street C-101
    Alpine,TX79832     		None PC Charitable exempt purpose 15,000
    Mystic Seaport
    75 Germanville Avenue
    Mystic,CT06355     		None PC Charitable exempt purpose 20,000
    National Campaign to Stop The Violence
    2021 Massachusetts Avenue NW
    Washington,DC20036     		None PC Charitable exempt purpose 30,000
    Navy League of Palm Beach County
    277 Royal Poincianna Way 339
    Palm Beach,FL33480     		None PC Charitable exempt purpose 6,670
    Necessities Inc
    46 Catoonah Street
    Ridgefield,CT06877     		None PC Charitable exempt purpose 15,000
    New Canaan High School Scholarship Fund
    11 Farm Road
    New Canaan,CT06840     		None PC Charitable exempt purpose 1,000
    New Hope Charities Inc
    626 North Dixie Highway
    West Palm Beach,FL33401     		None PC Charitable exempt purpose 24,000
    Next Stage Arts Project Inc
    15 Kimball Hill
    Putney,VT05346     		None PC Charitable exempt purpose 10,000
    Norwalk Community College
    188 Richards Avenue
    Norwalk,CT06854     		None PC Charitable exempt purpose 20,000
    Notre Dame High School
    220 Jefferson Street
    Fairfield,CT06432     		None PC Charitable exempt purpose 30,000
    Nova Southeastern University
    3301 College Avenue 1st Floor
    Fort Lauderdale,FL33314     		None PC Charitable exempt purpose 20,000
    Oxbridge Academy
    3151 North Military Trail
    West Palm Beach,FL33409     		None PC Charitable exempt purpose 285,500
    Palm Beach Atlantic University
    PO Box 24708
    West Palm Beach,FL33416     		None PC Charitable exempt purpose 6,000
    Palm Beach Police Foundation
    350 South County Road Suite 102
    Palm Beach,FL33480     		None PC Charitable exempt purpose 2,575
    Palm Beach State College
    4200 Congress Avenue
    Lake Worth,FL33461     		None PC Charitable exempt purpose 7,100
    Palm Beach Zoo
    1301 Summit Blvd
    West Palm Beach,FL33405     		None PC Charitable exempt purpose 10,000
    Par 3 Foundation Inc
    251 Royal Palm Way Suite 400
    Palm Beach,FL33480     		None POF Charitable exempt purpose 7,400
    Peggy Adams Animal Rescue League
    3200 N Military Trail
    West Palm Beach,FL33409     		None PC Charitable exempt purpose 96,900
    PEN American Center
    162 West 56th Street Suite 405
    New York,NY10019     		None PC Charitable exempt purpose 5,000
    Person to Person
    1864 Post Road
    Darien,CT06820     		None PC Charitable exempt purpose 20,000
    Peter Pan Children's Fund
    P O Box 388
    Pound Ridge,NY10576     		None PC Charitable exempt purpose 15,000
    Prep for Prep
    328 West 71st Street
    New York,NY10023     		None PC Charitable exempt purpose 10,000
    Preservation Foundation of Palm Beach
    311 Peruvian Avenue
    Palm Beach,FL33480     		None PC Charitable exempt purpose 27,000
    Sacred Heart University
    5151 Park Avenue
    Fairfield,CT06825     		None PC Charitable exempt purpose 105,000
    Shelbourne Museum
    U S Route 7
    Shelburne,VT05482     		None PC Charitable exempt purpose 7,500
    Sheperds Inc
    P O Box 320513
    Fairfield,CT06432     		None PC Charitable exempt purpose 20,000
    South Florida Science Center & Aquarium
    4801 Dreher Trail North
    West Palm Beach,FL33405     		None PC Charitable exempt purpose 5,000
    Els for Autism
    18370 Limestone Creek Road
    Jupiter,FL33458     		None PC Charitable exempt purpose 2,100
    St Ann Place
    2107 North Dixie Highway
    West Palm Beach,FL33407     		None PC Charitable exempt purpose 50,000
    St Clare School
    821 Prosperity Farms Road
    North Palm Beach,FL33408     		None PC Charitable exempt purpose 40,000
    St Edwards School
    1895 Saint Edwards Drive
    Vero Beach,FL32963     		None PC Charitable exempt purpose 10,000
    St Josephs High School
    2320 Huntington Turnpike
    Trumbull,CT06611     		None PC Charitable exempt purpose 20,000
    Ethel Walker School
    230 Bushy Hill Road
    Simsbury,CT06070     		None PC Charitable exempt purpose 1,000
    St Judes Childrens Hospital
    5201 Blue Lagoon Drive Suite 650
    Miami,FL33126     		None PC Charitable exempt purpose 5,000
    Sul Ross University
    East Highway 90
    Alpine,TX77832     		None PC Charitable exempt purpose 15,000
    Summer Theater of New Canaan
    70 Pine Street
    New Canaan,CT06840     		None PC Charitable exempt purpose 25,000
    Texas Agricultural Land Trust
    PO box 6152
    San Antonio,TX78209     		None PC Charitable exempt purpose 5,000
    The Bijou Theater
    275 Fairfield Avenue
    Bridgeport,CT06604     		None PC Charitable exempt purpose 15,000
    The Broadway League Foundation
    729 Seventh Avenue 5th Floor
    New York,NY10019     		None PC Charitable exempt purpose 7,500
    The Chapin School
    100 East End AVenue
    New York,NY10130     		None PC Charitable exempt purpose 10,000
    The Framework Children's Council
    130 Island Drive
    Ocean Ridge,FL33435     		None PC Charitable exempt purpose 50,000
    The Kings Academy
    2345 Third Avenue
    New York,NY10035     		None PC Charitable exempt purpose 28,000
    The Kings College
    52 Broadway Fifth Floor
    New York,NY10004     		None PC Charitable exempt purpose 50,000
    The Metropolitan Opera
    30 Lincoln Center Plaza
    New York,NY10023     		None PC Charitable exempt purpose 20,000
    The Society of the Four Arts
    2 Four Arts Plaza
    Palm Beach,FL33480     		None PC Charitable exempt purpose 5,000
    The Umbrella Club
    P O Box 112238
    Stamford,CT06911     		None PC Charitable exempt purpose 2,500
    The Wilburn Fellowship
    11 Farm Road
    New Canaan,CT06840     		None PC Charitable exempt purpose 7,500
    Trinity Catholic High School
    926 Newfield Avenue
    Stamford,CT06905     		None PC Charitable exempt purpose 20,000
    University of Connecticut - Stamford
    1 University Place
    Stamford,CT06901     		None PC Charitable exempt purpose 35,000
    University of Florida
    P O Box 114025
    Gainesville,FL32611     		None PC Charitable exempt purpose 10,000
    Unquowa School
    981 Stratfield
    Fairfield,CT06825     		None PC Charitable exempt purpose 20,000
    Villa Maria Education Center
    161 Sky Meadow Drive
    Stamford,CT06903     		None PC Charitable exempt purpose 20,000
    Wake Forest University
    P O Box 7246
    WinstonSalem,NC27109     		None PC Charitable exempt purpose 23,560
    Waterside School
    535 Fairfield Avenue
    Stamford,CT06902     		None PC Charitable exempt purpose 110,000
    West Palm Beach Library Foundation Inc
    411 Clematis Street
    West Palm Beach,FL33401     		None PC Charitable exempt purpose 10,000
    William Pitt Child Development Center
    195 Hillandale Avenue
    Stamford,CT06902     		None PC Charitable exempt purpose 30,000
    Yale Center for Faith and Culture
    157 Church Street
    New Haven,CT06510     		None PC Charitable exempt purpose 30,000
    AFFPC
    309 Allegheny Street Suite 5
    Holidaysburg,PA16648     		None PC Charitable exempt purpose 1,000
    YMCA of New Canaan
    564 South Avenue
    New Canaan,CT06840     		None PC Charitable exempt purpose 1,500
    YMCA of the Palm Beaches
    2085 South Congress Avenue
    West Palm Beach,FL33406     		None PC Charitable exempt purpose 20,000
    ALSA Florida Chapter
    3242 Parkside Center Circle
    Tampa,FL33619     		None PC Charitable exempt purpose 5,000
    Alzheimer's Drug Discovery Foundation
    57 West 57th Street Suite 904
    New York,NY10102     		None PC Charitable exempt purpose 5,000
    Dreamride Inc co The Hometown Foundation
    275 Schoolhouse Road
    Cheshire,CT06410     		None PC Charitable exempt purpose 5,000
    Gentle Caring Hands Living Waters
    P O Box 18343
    West Palm Beach,FL33416     		None PC Charitable exempt purpose 350
    Homeless Coalition Palm Beach County
    810 Datura Street
    West Palm Beach,FL33401     		None PC Charitable exempt purpose 2,500
    Humane Society of the Treasure Coast
    4100 SW Leighton Farm Avenue
    Palm City,FL34990     		None PC Charitable exempt purpose 1,500
    Humane Society of the United States
    2100 L Street NW
    Washington,DC20037     		None PC Charitable exempt purpose 5,000
    Kolbe Cathedral High School
    33 Calhoun Place
    Bridgeport,CT06604     		None PC Charitable exempt purpose 25,000
    Lauralton Hall Catholic School for Girls
    200 High Street
    Milford,CT06460     		None PC Charitable exempt purpose 20,000
    Lou & Eleanor Gehrig ALS Center co Columbia University
    100 Haven Avenue Suite 29D
    New York,NY10032     		None PC Charitable exempt purpose 25,000
    Mass General Hospital Home Base Program
    100 Cambridge Street Suite 1310
    Boston,MA02114     		None PC Charitable exempt purpose 6,000
    Massachusetts General Hospital
    55 Fruit Street
    Boston,MA02114     		None PC Charitable exempt purpose 100
    Neil Hirsch Family Boys & Girls Ckub
    800 Northpointe Parkway Suite 204
    West Palm Beach,FL33407     		None PC Charitable exempt purpose 10,000
    Palm Beach County Sheriff's Foundation
    3228 Gun Club Road
    West Palm Beach,FL33106     		None PC Charitable exempt purpose 31,000
    Patricia Blanco Animal Foundation
    1728 17th Way
    West Palm Beach,FL33407     		None PC Charitable exempt purpose 1,500
    Stamford Hospital Foundation
    1351 Washington Blvd Suite 202
    Stamford,CT06902     		None PC Charitable exempt purpose 6,250
    Town of Palm Beach United Way
    44 Cocoanut Row M201
    Palm Beach,FL33480     		None PC Charitable exempt purpose 5,000
    University of Miami School of Law
    1311 Miller Drive C423
    Coral Gables,FL33141     		None PC Charitable exempt purpose 25,000
    United States Sailing Association
    15 Maritime Drive
    Portsmouth,RI02871     		None PC Charitable exempt purpose 20,000
    Weston Playhouse Theater
    703 Main Street
    Weston,VT05161     		None PC Charitable exempt purpose 10,000
    Yellow Barn Inc
    63 Main Street
    Putney,VT05346     		None PC Charitable exempt purpose 5,000
    Domus Foundation
    417 Shippan Avenue
    Stamford,CT06902     		None PC Charitable exempt purpose 75,000
    Total .................................bullet 3a 2,937,605
    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....     14 955,482  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 217,468  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 -79,283  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aUnrealized gains/losses     18 -4,626,533  
    bAres Management LP     01 1  
    cPalisades Tartan Media LLC     01 -8  
    dFidelity Building Company     16 543,790  
    eGun Mill Company     16 91,109  
    fSoundview Farms LLC 531120 765,430 16 66,560  
    gQuarry Road Lot 1 Joint Venture 531120 123,652 16 118,802  
    hQuarry Road Lot 2 LLC 531120 1,039,503 16 921,827  
    iQuarry Road Lot 3 LLC 531120 558,220 16 710,462  
    jQuarry Road Lot 2 LLC 531120 -196,470 16 -174,229  
    kTipTree Financial Partners LP 525990 -119 01 -24,834  
    lEnduro Royalty Trust     15 1,323  
    12 Subtotal. Add columns (b), (d), and (e).. 2,290,216 -1,278,063  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,012,153
    (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: 14000292
    Software Version: 14.4.1.0
    Part VI Line 7 - Tax Paid with the Original Return: 109,186


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting services 61,141     51,141
    Audit 38,808     38,808

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    TY 2014 DepreciationSchedule
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    K-1 flow-through Fidelity Building Company 06-6116615           73,881 73,881    
    K-1 flowthrough Gun Mill Company 06-6080952           9,619 9,619    
    K-1 flowthrough Soundview Farms LLC 06-0839046           202,675 16,214    
    Quarry Road Lot 1 Joint Venture           62,281 30,518    
    K-1 flowthrough Quarry Road Lot 2 LLC 06-1426270           395,207 185,748    
    K-1 flowthrough Quarry Road Lot 3 LLC 06-1526834           179,676 100,619    
    Danbury - Building 2000-09-09 219,323 78,735 SL 0000000039.000000000000 5,624 5,624    
    Danbury - Land improvements 2000-09-09 14,215 13,271 SL 0000000015.000000000000 944 944    
    Danbury - Land improvements 2005-03-01 10,000 6,336 SL 0000000015.000000000000 667 667    
    Danbury - Land improvements 2006-03-01 12,820 7,267 SL 0000000015.000000000000 855 855    
    Danbury - Land improvements 2005-03-01 700 375 SL 0000000015.000000000000 47 47    
    Darien - Building 2000-09-09 202,142 72,562 SL 0000000039.000000000000 5,183 5,183    
    Darien - Land improvements 2000-09-09 25,651 23,940 SL 0000000015.000000000000 1,711 1,711    
    Parkway - Building 2000-09-09 214,470 73,235 SL 0000000039.000000000000 5,399 5,399    
    Parkway - Land improvements 2000-09-09 10,223 9,547 SL 0000000015.000000000000 676 676    
    Westport - Building 2000-09-09 667,061 239,456 SL 0000000039.000000000000 17,104 17,104    
    Westport - Roof/Siding/HVAC 2012-11-28 176,794 8,287 SL 0000000040.000000000000 4,420 4,420    
    Improvements 2004-05-04 6,768 5,757 SL 0000000015.000000000000 113      
    Furniture 2008-04-17 1,999 1,731 SL 0000000007.000000000000 268      
    Furniture 2010-01-19 5,802 4,764 SL 0000000007.000000000000 414      
    Office equipment 2008-02-20 6,193 5,949 SL 0000000007.000000000000 244      
    Improvements 2004-03-08 4,240 3,601 SL 0000000015.000000000000 71      
    Improvements 2004-03-23 57,080 48,521 SL 0000000015.000000000000 951      
    Improvements 2005-03-01 10,000 6,336 SL 0000000015.000000000000 333      
    Improvements 2007-07-31 13,179 6,263 SL 0000000015.000000000000 439      
    Improvements 2009-11-05 19,670 2,952 SL 0000000015.000000000000 328      
    Lexmark printer 2013-04-15 2,250 619 SL 0000000005.000000000000 225      
    Conference chairs 2013-08-15 8,248 928 SL 0000000010.000000000000 825      
    Reception couch chair 2013-11-20 4,542 227 SL 0000000010.000000000000 454      
    Computer 2014-04-14 795 80 SL 0000000005.000000000000 159      
    Improvements 2014-11-01 27,115   SL 0000000015.000000000000 904      
    Rollershades 2014-12-21 2,223   SL 0000000010.000000000000 111      
    Wall mirrors 2014-12-04 1,525   SL 0000000010.000000000000 76      
    Chairs 2015-01-23 123   SL 0000000010.000000000000 6      
    Chairs 2015-01-29 341   SL 0000000010.000000000000 17      
    Office decor 2015-03-26 1,488   SL 0000000010.000000000000 74      
    Office decor 2015-05-26 1,015   SL 0000000010.000000000000 51      
    Table - entry 2015-05-15 780   SL 0000000010.000000000000 39      
    Phone system 2014-11-01 6,540   SL 0000000005.000000000000 654      
    Dell computer 2014-11-25 334   SL 0000000005.000000000000 33      
    Exterior sign 2014-01-26 1,016   SL 0000000010.000000000000 51      
    Wireless access/backup system 2015-01-20 927   SL 0000000005.000000000000 93      
    Dell computer 2015-09-07 688   SL 0000000005.000000000000 69      
    Enduro Royalty Trust           3,121 3,121    

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    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Mariner Voyager Class A 2006-09 P 2014-12   228,388 399,650     -171,262  
    25,000 FL Dev Fin Txbl 12.5 2008-09 P 2014-10   25,000 25,000        
    35,000 Umatilla FL 9.375 2012-12 P 2014-10   35,000 35,000        
    15,000 Umatilla FL 9.375 2014-08 P 2014-10   15,000 15,000        
    2,075 shares Noble Corp PLC 2014-09 P 2014-10   42,053 55,515     -13,462  
    815 Canadian Oil Sands Ltd 2006-06 P 2014-10   14,451 22,722     -8,271  
    305 Canadian Oil Sands Ltd 2010-09 P 2014-10   5,408 7,494     -2,086  
    705 Canadian Oil Sands Ltd 2011-12 P 2014-10   12,501 14,385     -1,884  
    145 shares Baytex Energy Corp 2007-08 P 2014-10   5,027 6,683     -1,656  
    350 shares Baytex Energy Corp 2008-02 P 2014-10   12,134 2,320     9,814  
    85 shares Baytex Energy Corp 2013-01 P 2014-10   2,947 3,779     -832  
    40,000 Pinellas Cnty FL 12 2010-12 P 2014-10   40,000 40,000        
    65 shares Legett Platt Incorporated 2010-11 P 2014-11   2,583 1,336     1,247  
    600 shares Legett Platt Incorporated 2013-10 P 2014-11   23,845 17,997     5,848  
    355 shares Seagate Technology 2012-07 P 2014-11   21,953 9,095     12,858  
    315 shares Seagate Technology 2012-08 P 2014-11   19,479 10,169     9,310  
    30 shares Seagate Technology 2014-10 P 2014-11   1,855 1,552     303  
    5,000 Godfrey IL 9.75 2012-10 P 2014-11   5,000 5,000        
    565 shares Public Service Enterprises Group 2013-11 P 2014-11   22,668 19,240     3,428  
    370 shares Baytex Energy Corp 2013-01 P 2014-11   9,706 16,451     -6,745  
    250 shares Baytex Energy Corp 2013-06 P 2014-11   6,558 9,032     -2,474  
    30,000 LaPaz AZ Txbl 8.5 2013-05 P 2014-12   31,200 30,000     1,200  
    485 shares Kraft Foods Group 2013-11 P 2014-12   29,122 25,595     3,527  
    335 shares Kraft Foods Group 2013-12 P 2014-12   20,115 18,127     1,988  
    310 shares Cracker Barrel 2014-05 P 2014-12   39,764 29,411     10,353  
    60 shares Cracker Barrel 2014-05 P 2014-12   7,696 6,069     1,627  
    890 shares Canadian Oil Sands Ltd 2011-12 P 2014-12   8,598 18,160     -9,562  
    1,075 shares Canadian Oil Sands Ltd 2013-07 P 2014-12   10,385 20,779     -10,394  
    85 shares Baytex Energy Corp 2013-06 P 2014-12   1,465 3,071     -1,606  
    230 shares Baytex Energy Corp 2013-09 P 2014-12   3,965 9,395     -5,430  
    690 shares Baytex Energy Corp 2014-02 P 2014-12   11,895 24,653     -12,758  
    0.832 shares Outfront Media 2014-12 P 2015-01   21 21        
    210 shares Cracker Barrel 2014-05 P 2014-12   29,482 21,243     8,239  
    115 shares Intel Corp 2011-08 P 2015-01   4,119 2,343     1,776  
    750 shares Intel Corp 2011-08 P 2015-01   26,864 15,566     11,298  
    150 shares Kraft Foods Group 2013-12 P 2015-01   9,421 8,117     1,304  
    300 shares Kraft Foods Group 2014-02 P 2015-01   18,842 15,310     3,532  
    15 shares Legett Platt Incorporated 2013-10 P 2015-01   666 450     216  
    910 shares Legett Platt Incorporated 2014-02 P 2015-01   40,416 27,857     12,559  
    620 shares Ryman Hospitality Properties 2013-07 P 2015-01   34,505 23,988     10,517  
    255 shares Ryman Hospitality Properties 2013-07 P 2015-01   14,191 9,605     4,586  
    655 shares Corrections Corp of America 2013-06 P 2015-02   25,683 20,732     4,951  
    75 shares Corrections Corp of America 2013-06 P 2015-02   2,941 2,374     567  
    1,005 shares Hospitality Properties Trust 2011-02 P 2015-02   32,232 25,024     7,208  
    30 shares Hospitality Properties Trust 2011-03 P 2015-02   962 681     281  
    810 shares National Cinemedia 2011-06 P 2015-02   11,975 13,105     -1,130  
    20 shares National Cinemedia 2011-06 P 2015-02   296 303     -7  
    560 shares National Cinemedia 2011-06 P 2015-02   8,279 8,214     65  
    565 shares National Cinemedia 2011-06 P 2015-02   8,353 8,323     30  
    470 shares Sonoco Products 2009-04 P 2015-03   20,794 10,602     10,192  
    600 shares Sonoco Products 2009-04 P 2015-03   26,546 14,027     12,519  
    100 shares Sonoco Products 2012-06 P 2015-03   4,424 3,044     1,380  
    250 shares Cinemark Holdings 1931-01 P 2015-04   10,831 4,774     6,057  
    495 shares Cinemark Holdings 2011-04 P 2015-04   21,444 9,613     11,831  
    520 shares Thomson Reuters 2013-03 P 2015-04   21,325 17,047     4,278  
    10,000 FL ST Dev Fin 8.15 2014-06 P 2015-06   10,000 10,000        
    35,000 Scranton PA Redev Auth 6.1 2013-02 P 2015-06   36,663 31,150     5,513  
    5,000 Dklb Cnty GA 8.25 2011-08 P 2015-07   5,000 5,000        
    5,000 Co ST Eductn Txbl 7.75 2013-06 P 2015-07   5,000 5,000        
    1,715 shares FNB Corp 2011-02 P 2015-07   24,102 17,766     6,336  
    920 shares FNB Corp 2011-03 P 2015-07   12,929 9,583     3,346  
    405 shares Sonoco Products 2012-06 P 2015-07   16,343 11,719     4,624  
    540 shares Sonoco Products 2014-10 P 2015-07   21,791 21,307     484  
    445 shares Vermillion Energy 2013-09 P 2015-07   14,766 24,400     -9,634  
    235 shares Vermillion Energy 2013-11 P 2015-07   7,798 13,257     -5,459  
    30 shares Vermillion Energy 2014-03 P 2015-07   995 1,708     -713  
    615 shares Abbvie Inc 2013-01 P 2015-08   43,329 22,785     20,544  
    45 shares Abbvie Inc 2013-02 P 2015-08   3,170 1,662     1,508  
    650 shares Corrections Corp of America 2013-06 P 2015-08   21,028 24,464     -3,436  
    765 shares Corrections Corp of America 2013-08 P 2015-08   24,748 26,333     -1,585  
    770 shares Potash Corp 2013-09 P 2015-08   20,226 24,588     -4,362  
    850 shares Potash Corp 2013-10 P 2015-08   22,328 26,325     -3,997  
    740 shares Potash Corp 2014-10 P 2015-08   19,438 25,007     -5,569  
    2,645 shares Enduro Royalty Trust 2011-11 P 2015-08   7,065 38,077     -31,012  
    680 shares Ares Management LP 2014-10 P 2014-12   11,162 12,084     -922  
    50 shares Boeing Co 2014-10 P 2014-12   6,042 6,357     -315  
    65 shares BP Prudhoe Bay Royalty Trust 2014-10 P 2014-12   4,480 5,912     -1,432  
    245 shares Caterpillar 2014-10 P 2014-12   22,228 23,949     -1,721  
    225 shares Gamestop 2014-10 P 2014-12   7,419 9,119     -1,700  
    350 shares Getty Realty 2014-10 P 2014-12   6,289 6,100     189  
    135 shares Hess Corp 2014-10 P 2014-12   9,077 12,259     -3,182  
    90 shares Oneok Inc 2014-10 P 2014-12   4,073 5,811     -1,738  
    100 shares Public Service Enterprise 2014-10 P 2014-12   4,098 3,750     348  
    60 shares Public Service Enterprise 2014-10 P 2014-12   2,465 2,250     215  
    345 shares Coach Inc 2014-10 P 2015-01   12,413 12,150     263  
    160 shares ConocoPhillips 2014-10 P 2015-01   10,104 12,056     -1,952  
    630 shares Big 5 Sporting Goods 2014-10 P 2015-01   7,939 6,034     1,905  
    100 shares Campbell Soup 2014-10 P 2015-01   4,627 4,245     382  
    40 shares Campbell Soup 2014-10 P 2015-01   1,854 1,698     156  
    275 shares Diamond Offshore Drilling 2014-10 P 2015-01   8,626 9,213     -587  
    290 shares GAP Inc 2014-10 P 2015-01   11,715 12,128     -413  
    100 shares Dow Chemical 2014-10 P 2015-01   4,403 5,088     -685  
    75 shares Dow Chemical 2014-10 P 2015-01   3,308 3,816     -508  
    150 shares Family Dollar Stores 2014-10 P 2015-01   11,240 11,726     -486  
    670 shares Interpublc Group 2014-10 P 2015-01   13,144 12,120     1,024  
    380 shares NRG Energy 2014-10 P 2015-01   9,997 11,997     -2,000  
    260 shares Ritchie Bros Auctioneers 2014-10 P 2015-01   6,563 6,005     558  
    385 shares Symantec 2014-10 P 2015-01   9,784 9,051     733  
    330 shares Teva Pharmaceutical 2014-10 P 2015-01   18,968 18,038     930  
    85 shares Time Warner Cable 2014-10 P 2015-01   12,399 12,296     103  
    745 shares Western Union 2014-10 P 2015-01   12,664 12,114     550  
    65 shares Wynn Resorts 2014-10 P 2015-01   9,506 12,203     -2,697  
    1,390 shares Cameco CP 2014-10 P 2015-03   20,953 24,283     -3,330  
    170 shares Du Pont E I De Nemours 2014-10 P 2015-03   13,256 12,014     1,242  
    347 shares Microsoft 2014-10 P 2015-03   14,976 16,004     -1,028  
    300 shares Merck Co 2014-10 P 2015-03   17,425 18,039     -614  
    280 shares Coca Cola 2014-10 P 2015-03   12,030 12,040     -10  
    150 shares Accenture 2014-10 P 2015-03   13,669 12,073     1,596  
    220 shares CA Incorporated 2014-10 P 2015-03   7,116 6,078     1,038  
    80 shares Molson Coors 2014-10 P 2015-03   6,013 5,932     81  
    360 shares First Energy Corp 2014-10 P 2015-03   12,340 12,146     194  
    305 shares ATT 2014-10 P 2015-03   9,970 10,846     -876  
    110 shares Union Pac Corp 2014-10 P 2015-03   11,932 12,121     -189  
    610 shares Invesco Ltd 2014-10 P 2015-03   24,205 24,315     -110  
    120 shares General Mills 2014-10 P 2015-03   6,574 6,063     511  
    75 shares Nucor Corp 2014-10 P 2015-04   3,522 3,923     -401  
    1,300 shares Fifth Street Financial Corp 2014-10 P 2015-04   9,232 12,076     -2,844  
    700 shares Hatteras Financial Corp 2014-11 P 2015-04   12,613 13,314     -701  
    50 shares Northrup Grumman Corp 2014-10 P 2015-04   7,692 6,483     1,209  
    155 shares Wal-Mart Stores 2014-10 P 2015-04   12,068 12,013     55  
    750 shares Redwood Trust 2015-02 P 2015-04   12,867 14,847     -1,980  
    0.0411825 shares Google Inc Class C 2014-10 P 2015-05   23 22     1  
    595 shares Sysco Corp 2014-10 P 2015-05   21,807 22,545     -738  
    107 shares Phillip Morris Intl 2014-10 P 2015-05   9,115 9,079     36  
    310 shares Pfizer 2014-10 P 2015-05   10,549 9,117     1,432  
    275 shares Nucor Corp 2014-10 P 2015-05   13,465 14,385     -920  
    160 shares McDonalds 2014-10 P 2015-05   15,692 15,094     598  
    117 shares Lockheed Martin 2014-10 P 2015-05   22,296 20,993     1,303  
    142 shares Johnson Johnson 2014-10 P 2015-05   14,396 15,008     -612  
    150 shares CME Group 2014-10 P 2015-05   14,095 12,194     1,901  
    125 shares Clorox 2014-10 P 2015-05   13,440 12,125     1,315  
    150 shares Colgate Palmolive 2014-10 P 2015-05   10,201 9,858     343  
    60 shares Cracker Barrel 2014-10 P 2015-05   8,150 6,289     1,861  
    290 shares Broadridge Financial 2014-10 P 2015-05   14,695 12,013     2,682  
    685 shares Bank United 2014-10 P 2015-05   22,674 20,975     1,699  
    400 shares Intel 2014-10 P 2015-05   13,068 13,660     -592  
    216 shares Abbot Labs 2014-10 P 2015-05   10,233 9,078     1,155  
    150 shares Exxon Mobil 2014-10 P 2015-05   13,314 14,100     -786  
    190 shares Target 2014-10 P 2015-05   15,384 12,021     3,363  
    412 shares ATT 2014-10 P 2015-05   13,845 14,651     -806  
    110 shares Kraft Foods Group 2014-10 P 2015-07   1,815 6,204     -4,389  
    1,290 shares Magnetek Inc 2015-05 P 2015-09   64,500 49,663     14,837  

    TY 2014 GeneralExplanationAttachment
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Identifier Return Reference Explanation

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    State Street Marketable Securities 3,068,331 3,068,331
    Mattingly Hitting Products 50,000 50,000
    TD Ameritrade Marketable Securities 1,760,276 1,760,276
    TipTree Financial Inc 4,521,962 3,195,832

    TY 2014 InvestmentsLandSchedule2
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Danbury, CT 573,520 114,253 459,267 560,000
    Darien, CT 615,000 103,398 511,602 1,068,000
    Parkway, CT 925,453 88,854 836,599 880,000
    Westport, CT 1,456,794 269,266 1,187,528 2,080,000

    TY 2014 InvestmentsOtherSchedule2
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Tricadia Credit Strategies FMV 4,606,885 4,606,885
    Fidelity Building Company AT COST 2,145,287 3,200,000
    Gun Mill Road AT COST 535,695 1,090,667
    Quarry Road AT COST 10,817,331 19,700,000
    Soundview Farms LLC AT COST 3,480,221 5,844,742
    Palisades Media Tartan LLC AT COST 375,503 375,503
    Fundamental Global Partners Offshore Fund Ltd FMV 9,649,156 9,649,156

    TY 2014 LandEtcSchedule2
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture, equipment improvements 102,962 51,647 51,315 51,315


    TY 2014 LegalFeesSchedule
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal services 6,656 6,656    


    TY 2014 OtherAssetsSchedule
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Deposit 5,600 88,207 88,207


    TY 2014 OtherExpensesSchedule
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    K-1 flowthrough Ares Management LP 1 1    
    K-1 flowthrough FIdelity Building Company 06-6116615 241,854 241,854    
    K-1 flowthrough Gun Mill Company 06-6080952 6,877 6,877    
    K-1 flowthrough Soundview Farms 06-0839046 95,449 7,637    
    Quarry Road Lot 1 Joint Venture 152,776 74,860    
    K-1 flowthrough Quarry Road Lot 2 LLC 06-1426270 805,162 378,427    
    K-1 flowthrough Quarry Road Lot 3 LLC 06-1526834 602,455 337,374    
    K-1 flowthrough TipTree Financial Partners LP 33-1167206 92,801 88,618    
    Insurance 3,138 2,177   961
    Internet 3,552     3,552
    Office supplies 3,476     3,476
    Computer repairs maintenance 3,116     3,116
    Postage delivery 1,842     1,842
    Landscaping 7,808 7,808    
    Utiities 898 898    
    Telephone 640     640
    Contributions 260     260
    Abandonment loss 1,368      
    Administrative 58 58    


    TY 2014 OtherIncomeSchedule2
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Ares Management LP 1 1  
    Palisades Tartan Media lLC -8 -8  
    Quarry Road Lot 2 LLC -370,699 -174,229  
    Tiptree Financial Partners LP -24,953 -24,834  
    Unrealized gains/losses -4,626,533    
    FIdelity Building Company 543,790 543,790  
    Gun Mill Company 91,109 91,109  
    Soundview Farms LLC 831,990 66,560  
    Quarry Road Lot 1 Joint Venture 242,454 118,802  
    Quarry Road Lot 2 LLC 1,961,330 921,827  
    Quarry Road Lot 3 LLC 1,268,682 710,462  
    Enduro Royalty Trust 1,323 1,323  


    TY 2014 OtherNotesLoansRcvblShortSch2
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Name of 501(c)(3) Organization Balance Due


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Appraisals 4,450 4,450    
    Consulting 1,350     1,350
    Investment advisory fees 61,351 61,351    
    Payroll service bureau 1,227     1,227


    TY 2014 TaxesSchedule
    Name:
    The William H Pitt Foundation Inc
    EIN: 22-2570737
    Software ID:14000292
    Software Version:14.4.1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    K-1 flowthrough Gun Mill Company 06-6080952 4,516 4,516    
    K-1 flowthrough Soundview Farms LLC 06-0839046 134,575 10,766    
    K-1 flowthrough Fidelity Building Company 06-6116615 56,678 56,678    
    Quarry Road Lot 1 Joint Venture 65,812 32,248    
    K-1 flowthrough Quarry Road Lot 2 LLC 06-1426270 393,957 185,160    
    K-1 flowthrough Quarry Road Lot 3 LLC 06-1526834 239,132 133,914    
    K-1 flowthrough TipTree Financial Partners LP 13-1167206 16,147 16,147    
    Licenses fees 295     295
    Payroll taxes 2,484     2,484
    Foreign taxes withheld 3,740 3,740    
    Real estate taxes 45,415 45,415    
    Severance taxes 228 228    
    Federal income tax 9,859