TY 2015 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	14,130	24,657	24,657
	2	Savings and temporary cash investments.........	737,697	349,876	349,876
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,833,370	2,491,121	2,342,670
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,585,197	2,865,654	2,717,203
	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 )	0	44,650
	23	Total liabilities (add lines 17 through 22).........	0	44,650
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		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	2,585,197	2,821,004
	30	Total net assets or fund balances (see instructions).....	2,585,197	2,821,004
	31	Total liabilities and net assets/fund balances (see instructions).	2,585,197	2,865,654

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	261,432
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 ...................	3

(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))
2014	219,911	2,339,717	0.093990
2013	162,006	2,139,593	0.075718
2012	54,094	1,890,477	0.028614
2011	100,916	1,932,369	0.052224
2010	131,972	1,951,811	0.067615

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,915
	hereand 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	2,915
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	2,915
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	4,803
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	8,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............	7	12,803
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.	8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	9,888
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax9,888	Refunded	11	0

(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
YVONNE V MARSH	TRUSTEE 0.25	0	0	0
101 CENTRAL PARK WEST APT 18B NEW YORK,NY10023
MICHAEL C MARSH	TRUSTEE 0.25	0	0	0
101 CENTRAL PARK WEST APT 18B NEW YORK,NY10023

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					135,667
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	37,557
b From 2011......	5,924
c From 2012......
d From 2013......	61,090
e From 2014......	111,599
fTotal of lines 3a through e........		216,170
4Qualifying distributions for 2015 from Part
XII, line 4: $ 345,986
a Applied to 2014, 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 2015 distributable amount.....					135,667
e Remaining amount distributed out of corpus		210,319
5 Excess distributions carryover applied to 2015.		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		426,489
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 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		37,557
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		388,932
10 Analysis of line 9:
a Excess from 2011....	5,924
b Excess from 2012....
c Excess from 2013....	61,090
d Excess from 2014....	111,599
e Excess from 2015....	210,319

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) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

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

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN MUSEUM OF NATURAL HISTORY CENTRAL PARK WEST AT 79TH ST NEW YORK,NY10024	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	225
BIG LIFE FOUNDATION 3327 Blue Ash Lane Indianapolis,IN46239	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	1,000
BIG LIFE FOUNDATION 3327 Blue Ash Lane Indianapolis,IN46239	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	1,000
CENTER FOR SPIRITUAL AND ETHICAL EDUCATION 910 M STREET NW 722 WASHINGTON,DC20001	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	10,000
COLUMBIA UNIVERSITY 622 WEST 13TH STREET NEW YORK,NY10025	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	50,000
Cooley Dickinson VNA & HOSPICE 168 Industrial Drive Northampton,MA01060	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	1,000
CORNELL MEDICAL COLLEGE 1300 YORK AVENUE BOX 314 NEW YORK,NY10065	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	75
CORNELL MEDICAL COLLEGE 1300 YORK AVENUE BOX 314 NEW YORK,NY10065	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	10,000
CORNELL MEDICAL COLLEGE 1300 YORK AVENUE BOX 314 NEW YORK,NY10065	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	10,000
DEERFIELD ACADEMY PO BOX 87 DEERFIELD,MA01342	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	5,000
DEERFIELD ACADEMY PO BOX 87 DEERFIELD,MA01342	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	513
DZI FOUNDATION PO BOX 632 RIDGWAY,CO81432	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	10,000
DZI FOUNDATION PO BOX 632 RIDGWAY,CO81432	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	10,000
FAY SCHOOL 48 MAIN STREET SOUTHBOROUGH,MA01772	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	50,000
FAY SCHOOL 48 MAIN STREET SOUTHBOROUGH,MA01772	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	25,000
FAY SCHOOL 48 MAIN STREET SOUTHBOROUGH,MA01772	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	750
FREEDOM HOUSE FOUNDATION 1850 M STREET NW SUITE 1100 WASHINGTON,DC20036	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	1,000
METROPOLITAN MUSEUM OF ART 1000 FIFTH AVENUE NEW YORK,NY100280198	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	210
METROPOLITAN MUSEUM OF ART 1000 FIFTH AVENUE NEW YORK,NY100280198	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	210
MUSEUM OF MODERN ART 11 WEST 53 STREET NEW YORK,NY10019	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	360
MUSEUM OF MODERN ART 11 WEST 53 STREET NEW YORK,NY10019	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	360
ORPHEUS CHAMBER ORCHESTRA 490 RIVERSIDE 11TH FLOOR NEW YORK,NY10027	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	25,000
ORPHEUS CHAMBER ORCHESTRA 490 RIVERSIDE 11TH FLOOR NEW YORK,NY10027	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	31,900
ORPHEUS CHAMBER ORCHESTRA 490 RIVERSIDE 11TH FLOOR NEW YORK,NY10027	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	24,498
ORPHEUS CHAMBER ORCHESTRA 490 RIVERSIDE 11TH FLOOR NEW YORK,NY10027	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	830
ORPHEUS CHAMBER ORCHESTRA 490 RIVERSIDE 11TH FLOOR NEW YORK,NY10027	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	450
ORPHEUS CHAMBER ORCHESTRA 490 RIVERSIDE 11TH FLOOR NEW YORK,NY10027	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	3,737
PEN AMERICAN CENTER 588 BROADWAY NEW YORK,NY10012	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	10,000
PEN AMERICAN CENTER 588 BROADWAY NEW YORK,NY10012	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	20,000
PEN AMERICAN CENTER 588 BROADWAY NEW YORK,NY10012	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	6,767
POLAR BEARS INTERNATIONAL PO BOX 3008 BOZEMAN,MT59772	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	1,000
TELLURIDE EDUCATION FOUNDATION PO BOX 3548 TELLURIDE,CO81435	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	7,450
TELLURIDE EDUCATION FOUNDATION PO BOX 3548 TELLURIDE,CO81435	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	6,000
TELLURIDE VOLUNTEER FIRE DEPARTMENT PO BOX 1602 TELLURIDE,CO81435	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	100
THE BRICK CHURCH AND SCHOOL 62 E 92ND STREET NEW YORK,NY10128	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	100
THE TRICYCLE FOUNDATION 1115 BROADWAY SUITE 115 NEW YORK,NY10010	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	5,000
US FRIENDS OF DAVID SHELDRICK 201 NORTH ILLINOIS STREET 16TH FL INDIANAPOLIS,IN46204	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	1,000
US FRIENDS OF DAVID SHELDRICK 201 NORTH ILLINOIS STREET 16TH FL INDIANAPOLIS,IN46204	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	1,000
WILDLIFE CONSERVATION SOCIETY 2300 SOUTHERN BLVD BRONX,NY10460	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	2,500
WILLIAMS DEVELOPMENT 880 Main Street Hopkins Hall WILLIAMTOWN,MA01267	NONE	PUBLIC CHARITY	To fund the recipient's operating budget	5,000
WOMEN IN NEED NEW YORK 115 WEST 31ST STREET 7TH FLOOR NEW YORK,NY10001	NONE	PUBLIC CHARITY	TO FUND THE RECIPIENT'S OPERATING BUDGET	500
WOMEN IN NEED NEW YORK 115 WEST 31ST STREET 7TH FLOOR NEW YORK,NY10001	NONE	PUBLIC CHARITY	TO FUND THE RECIPIENT'S OPERATING BUDGET	500
Total ................................. 3a				340,035

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	494,653
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	4		4
4	Dividends and interest from securities...	47,306		47,306
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		261,432
b	Gross sales price for all assets on line 6a 1,461,770
7	Capital gain net income (from Part IV, line 2)...			261,432
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).......
12	Total. Add lines 1 through 11........	803,395		308,742
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).......		11,902	5,951	5,951
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		3,000	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		11,961	11,316	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	26,863		17,267	5,951
25	Contributions, gifts, grants paid.......	340,035			340,035
26	Total expenses and disbursements. Add lines 24 and 25	366,898		17,267	345,986
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	436,497
b	Net investment income (if negative, enter -0-)			291,475
c	Adjusted net income (if negative, enter -0-)...

(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
1 a	PUBLICLY TRADED SECURITIES	P
b	Capital Gains Dividends	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,413,106	1,200,338	212,768
b	48,664		48,664
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			212,768
b			48,664
c
d
e

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


(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...................				0

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	4
4 Dividends and interest from securities....			14	47,306
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	261,432
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		308,742	0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization Yvonne & Michael Marsh Family Foundation

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	MICHAEL YVONNE MARSH 101 CENTRAL PARK WEST APT 18B NEW YORK, NY10023	$ 233,795	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	miCHAEL YVONNE MARSH 101 CENTRAL PARK WEST APT 18B NEW YORK, NY10023	$ 127,116	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	MICHAEL YVONNE MARSH 101 CENTRAL PARK WEST APT 18B NEW YORK, NY10023	$ 38,034	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
4	mICHAEL YVONNE MARSH 101 CENTRAL PARK WEST APT 18B nEW YORK, NY10023	$ 95,708	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Name of organization Yvonne & Michael Marsh Family Foundation		Employer identification number 22-6919366

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	3,800 SHARES JPMORGAN CHASE & CO (JPM)	$ 233,795	2015-02-27
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
2	1,800 SHARES ELI LILLY AND COMPANY (LLY)	$ 127,116	2015-03-03
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
3	812 SHARES ZOETIS INC. (ZTS)	$ 38,034	2015-03-03
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
4	3,500 SHARES GENERAL ELECTRIC COMPANY (GE)	$ 95,708	2015-05-15
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)


Name of organization Yvonne & Michael Marsh Family Foundation			Employer identification number 22-6919366
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
DOUBLELINE TOTAL RETURN	69,553	67,065
JPMORGAN STRATEGIC INCOME OPPS SEL	0	0
THIRD AVENUE FOCUSED CREDIT INSTL	0	0
ONEOK INC.	23,538	34,524
BBH CORE SELCT N	0	0
CALAMOS MARKET NEUTRAL INCOME	129,652	127,858
EATON VANCE FLOATIN-RATE ADVANTAGE	0	0
GABELLI ABC ADVISOR	130,449	127,296
LORD ABBOT SHORT DURATION INC	155,442	147,355
MFS INTERNATIONAL VALUE	230,184	249,486
RIDGEWORTH SEIX FLOATING I	0	0
ROBECCO BOSTON PARTNERS L/S EQUITY INSTL	394,365	334,262
T ROWE PRICE F	0	0
JHANCOCK GLOBAL ABSOLUTE RET STRATS I	132,965	123,080
SPDR S&P 500 ETF	435,381	428,127
WHISDOM TR EUROPE HEDGED EQTY ETF	75,013	60,536
AQR DIVERSIFIED ARBITRAGE I	130,595	119,003
CITY NATL ROCHDALE FDS EMKT FD	100,025	90,321
GOTHAM ABSOLUTE RETURN INSTITUTIONAL	125,519	113,406
GOTHAM NEUTRAL INSTITUTIONAL	125,736	114,676
PRINCIPAL MIDCAP INSTITUTIONAL	116,230	105,023
VULCAN VALUE PARTNERS SMALL CAP	116,474	100,652

Description	Revenue and Expenses per Books	Net Investment Income
INVESTMENT EXPENSES - TAG ASSOCIATES	11,316	11,316
NY FILING FEE	500	0
BANK CHARGE	95	0
MISCELLANEOUS	50	0

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