2015-11-11T17:02:36-06:00 2014-12-31 861065772 DELOITTE TAX LLP 555 MISSION STREET SAN FRANCISCO CA 94105 990PF 2014-01-01 954610378 CARL & ROBERTA DEUTSCH FOUNDATION CARL 3104530055 2444 WILSHIRE BLVD NO 600 SANTA MONICA CA 90403 WILLIAM E HOLLER VP/SEC/TREAS 3104530055 2015-11-05 1 JOAN S MCMAHON P00966494 4157834000 2014 2016-02-25 16:41:14Z X 126278261 X X 525 525 4103135 4103135 5990215 7975753 1032379 10093875 13111792 0 0 0 202391 0 202391 22517 0 22517 1242 0 1242 99590 0 99590 886331 596674 289657 41091 17782 0 3504 0 20541 0 20541 47743 360243 47743 1324950 974699 683681 5784259 5784259 7109209 974699 6467940 2984666 12137093 32766 153096 153096 59520 6115 59520 59520 125527735 126065645 126065645 176689 176689 3504 0 0 125570120 126278261 126278261 442621 404957 442621 404957 X 125127499 125873304 125127499 125873304 125570120 126278261 125127499 2984666 0 128112165 2238861 125873304 CAPITAL GAINS FROM PARTNERSHIPS P 1985538 1985538 CAPITAL GAINS FROM PUBLICLY TRADED SECURITES P 0 5990215 5990215 7975753 0 6100199 117023948 0.052128 5523533 107193438 0.051529 4980830 110498859 0.045076 4010287 101367706 0.039562 3789848 87289483 0.043417 0.231712 0.046342 126197861 5848261 121371 5969632 6467940 X 121371 0 121371 0 121371 100557 50000 150557 X 1098 28088 28088 0 0 0 0 0 0 0 0 0 1 1 0 1 1 CA 1 0 0 0 0 1 N/A WILLIAM HOLLER 3104530055 2444 WILSHIRE BLVD SUITE 600 SANTA MONICA CA 90403 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CARL DEUTSCH 2444 WILSHIRE BLVD SUITE 600 SANTA MONICA CA 90403 PRESIDENT 1.00 0 0 0 WILLIAM E HOLLER 2444 WILSHIRE BLVD SUITE 600 SANTA MONCIA CA 90403 VP/SEC/TREAS 1.00 0 0 0 NONE 0 JMC PHILANTHROPIC ADVISORS 2444 WILSHIRE BOULEVARD STE 622 SANTA MONICA CA 90403 CONSULTING 180000 1 0 128075192 44464 0 128119656 0 0 128119656 1921795 126197861 6309893 6309893 121371 121371 6188522 0 6188522 0 6188522 6467940 0 6467940 121371 6346569 6188522 4800953 0 0 6467940 4800953 0 0 1666987 0 0 0 0 0 0 0 0 4521535 0 0 0 CARL DEUTSCH X 24TH STREET THEATRE COMPANY 1117 W 24TH ST LOS ANGELES CA 90007 NONE PC WELFARE 40000 ADVANCEMENT PROJECT 1545 WILSHIRE BLVD 800 LOS ANGELES CA 90017 NONE PC WELFARE 5000 ALLIANCE FOR CHILDREN'S RIGHT THE 3333 WILSHIRE BLVD 550 LOS ANGELES CA 90010 NONE PC EDUCATION 95000 ASIAN PACIFIC COMMUNITY FUND OF SO CA 1145 WILSHIRE BLVD SUITE 105 LOS ANGELES CA 90017 NONE PC WELFARE 500 ASSISTANCE LEAGUE OF PALM SPRINGS AREA P O BOX 3056 RANCHO MIRAGE CA 92270 NONE PC SOCIAL SERVICES 10000 ASSISTANCE LEAGUE OF SOUTHERN CALIFORNIA 1370 NORTH SAINT ANDREWS PLACE LOS ANGELES CA 90028 NONE PC SOCIAL SERVICES 1000 AUDUBON SOCIETY OF PORTLAND 5151 NW CORNELL RD PORLAND OR 97210 NONE PC ENVIRONMENTAL PROTECTION 10000 BEAUTY BUS FOUNDATION 2716 OCEAN PARK BLVD SUITE 1062 SANTA MONICA CA 90405 NONE PC HUMAN SERVICES 25000 BEYOND TOXICS PO BOX 1106 EUGENE OR 97440 NONE PC ENVIRONMENTAL PROTECTION 2000 BRIDGE MEADOWS 8502 N WAYLAND AVE PORTLAND OR 97203 NONE PC WELFARE 2000 BRIGHT PROSPECT SCHOLAR SUPPORT 1460 EAST HOLT AVENUE POMONA CA 91767 NONE PC YOUTH DEVELOPMENT 110000 CALIFORNIA COMMUNITY FOUNDATION 221 S FIGUEROA ST STE 400 LOS ANGELES CA 90012 NONE PC COMMUNITY IMPROVEMENT 30000 CALIFORNIA WILDLIFE CENTER P O BOX 2022 MALIBU CA 90265 NONE PC WELFARE 10000 CALIFORNIA HOSPITAL MEDICAL CTR 26520 CACTUS AVE MORENO VALLEY CA 92555 NONE PC MEDICAL 85000 CASA OF LOS ANGELES 201 CENTRE PLAZA DR ROOM 1100 MONTERY PARK CA 91754 NONE PC HUMAN SERVICES 125000 CATHOLIC CHARITIES OF LOS ANGELES 1531 JAMES M WOOD BLVD LOS ANGELES CA 90015 NONE PC HUMAN SERVICES 60000 CENTER FOR FOOD SAFETY 660 PENNSYLVANIA AVE SE STE 302 WASHINGTON DC 20003 NONE PC HUMAN SERVICES 2500 CENTER FOR THE PACIFIC ASIAN FAMILY 543 N FAIRFAX AVE LOS ANGELES CA 90036 NONE PC HUMAN SERVICES 2000 CENTER FOR STUDY OF REPSPONSIVE LAW PO BOX 19367 WASHINGTON DC 20036 NONE PC CONSUMER PROTECTION AND SAFTEY 5000 CHILD WELFARE INITIATIVE 5757 WILSHIRE BLVD STE 448 LOS ANGELES CA 90036 NONE PC WELFARE 40000 CHILDREN YOUTH & FAMILY COLLABORATIVE 1200 W 37TH PLACE LOS ANGELES CA 90007 NONE PC YOUTH DEVELOPMENT 75000 CHILDERN'S BUREAU 1575 DR MARTIN LUTHER KING JR ST INDIANAPOLIS IN 46202 NONE PC HUMAN SERVICES 100000 CHILDREN'S BURN FOUNDATION THE 5000 VAN NUYS BLVD SUITE 450 SHERMAN OAKS CA 91403 NONE PC HUMAN SERVICES 15000 CHRYSALIS CENTER THE 522 S MAIN ST LOS ANGELES CA 90013 NONE PC HUMAN SERVICES 85000 CITY OF HOPE 1055 WILSHIRE BLVD LOS ANGELES CA 90017 NONE PC HEALTH 10000 COALITION FOR RESPONSIBLE COMMUNITY 3101 S GRAND AVE LOS ANGELES CA 90007 NONE PC WELFARE 90000 COMMUNITY PARTNERS 1000 N ALAMEDA ST 240 LOS ANGELES CA 90012 NONE PC WELFARE 130000 DOCTORS WITHOUT BORDERS 333 SEVENTH AVE 2ND FLOOR NEW YORK NY 10001 NONE PC WELFARE 25000 ECUMENICAL COUNCIL OF PASADENA AREA CHURCHES PO BOX 41125 PASADENA CA 91114 NONE PC HUMAN SERVICES 10000 EL CENTRITO FAMILY LEARNING CENTERS PO BOX 1613 OXNARD CA 93032 NONE PC WELFARE 25000 ESPERANZA COMMUNITY HOUSING CORP 2337 S FIGUEROA STREET LOS ANGELES CA 90007 NONE PC SOCIAL SERVICES 5079 ETM-LA INC 847 N HOLLYWOOD WAY 206 BURBANK CA 91505 NONE PC SOCIAL SERVICES 37000 EVERYCHILD FOUNDATION P O BOX 1808 PACIFIC PALISADES CA 90272 NONE PC EDUCATION 10000 EXCEPTIONAL CHILDREN'S FOUNDATION 8740 WASHINGTON BLVD CULVER CITY CA 90232 NONE PC WELFARE 40000 EXOTIC BIRD RESCUE PO BOX 14863 PORTLAND OR 97293 NONE PC ANIMAL SERVICES 600 FAMILIES FORWARD 8 THOMAS IRVINE CA 92618 NONE PC HUMAN SERVICES 25000 FIRST PLACE FOR YOUTH 426 17TH STREET SUITE 100 OAKLAND CA 94612 NONE PC SOCIAL SERVICES 30000 FOOTHILL FAMILY SERVICE 2500 E FOOTHILL BLVD SUITE 300 PASADENA CA 91107 NONE PC CRISIS INTERVENTION 50000 CAFE FOUNDATION INC 4409 HILLVIEW WAY ROHNERT PARK CA 94928 NONE PC EDUCATION 6000 FREEDOM OF PRESS FOUNDATION 222 SUTTER ST STE 600 SAN FRANCISCO CA 94108 NONE PC HUMAN SERVICES 2500 FRIENDS OF CABRILLO MARINE AQUARIUM 3720 STEPHEN WHITE WAY SAN PEDRO CA 90731 NONE PC WELFARE 10000 FRIENDS OF MALIBU URGENT CARE PO BOX 6836 MALIBU CA 90264 NONE PC GENERAL AND REHABIILITATIVE 10000 GABRIELLA FOUNDATION THE 639 S COMMONWEALTH AVE SUITE B LOS ANGELES CA 90005 NONE PC YOUTH DEVELOPMENT 105000 GOOD SHEPARD SHELTER 2561 VENICE BLVD LOS ANGELES CA 90019 NONE PC HUMAN SERVICES 25000 GOODWILL INDUSTRIES OF SOUTHERN CALIFORNIA 342 N SAN FERNANDO ROAD LOS ANGELES CA 90031 NONE PC WELFARE 85000 HARMONY PROJECT 817 VINE ST STE 212 LOS ANGELES CA 90038 NONE PC EDUCATION 45000 HARPS FOUNDATION 4200 DOVER ROAD RICHMOND VA 23221 NONE PC WELFARE 22000 HATHAWAY-SYCAMORES CHILD & FAMILY SERVICE 210 S DELACEY AVE 110 PASADENA CA 91105 NONE PC SOCIAL SERVICES 105000 HEAL THE BAY 1444 NINTH STREET SANTA MONICA CA 90401 NONE PC SOCIAL SERVICES 8000 HEALING REINS THERAPEUTIC RIDING CENTER PO BOX 5593 BEND OR 97708 NONE PC GENERAL AND REHABILITATIVE 10000 HILLSIDES 940 AVENUE 64 PASADENA CA 91105 NONE PC SOCIAL SERVICES 100000 HOBART SHAKESPEAREANS THE 980 S HOBART BLVD LOS ANGELES CA 90006 NONE PC HUMANITIES 4000 HOMEBOY INDUSTRIES 1916 E FIRST STREET LOS ANGELES CA 90033 NONE PC SOCIAL SERVICES 10000 IMAGINE LOS ANGELES 5455 WILSHIRE BLVD SUITE 1001 LOS ANGELES CA 90036 NONE PC HUMAN SERVICES 40000 IN DEFENSE OF ANIMALS 3010 KERNER BLVD SAN RAFAEL CA 94901 NONE PC ANIMAL WELFARE 10000 INNER CITY ARTS 720 KOHLER ST LOS ANGELES CA 90021 NONE PC EDUCATION 50000 INSIDEOUT WRITE 5143 CASS AVENUE STE 225 STATE HALL BLDG WSU DETROIT MI 48202 NONE PC EDUCATION 30000 INTERNATIONAL MEDICAL CORPS 1919 SANTA MONICA BOULEVARD SANTA MONICA CA 90404 NONE PC HEALTH 20000 JEWISH BIG BROTHERSBIG SISTERS 6505 WILSHIRE BLVD STE 600 LOS ANGELES CA 90048 NONE PC HUMAN SERVICES 5000 JEWISH FREE LOAN ASSOCIATION 6505 WILSHIRE BLVD 715 LOS ANGELES CA 90048 NONE PC SOCIAL SERVICES 5000 JEWISH HOMES FOR AGING OF GREAT WASHINGTON DC 12320 PARKLAWN DR ROCKVILLE MD 20852 NONE PC SOCIAL SERVICE 15000 JEWISH VOCATIONAL SERVICE 6505 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90048 NONE PC EDUCATION 100000 JOHNSON CANCER CENTER FOUNDATION 8-950 FACTOR BUILDING BOX 951780 LOS ANGELES CA 90095 NONE PC HEALTH 100000 JOVENES INC 1208 PLEASANT AVE LOS ANGELES CA 90033 NONE PC HUMAN SERVICES 90000 JUSTICE BY UNITING IN CREATIVE ENERGY 21200 KITTRIDGE ST APT 1196 WOODLAND HILLS CA 91303 NONE PC YOUTH DEVELOPMENT 500 KOREATOWN YOUTH AND COMMUNITY CENTER 3727 W SIXTH STREET LOS ANGELES CA 90020 NONE PC WELFARE 60000 KAYAMANAN NG LAHI PHILIPINE FOLK ART 1338 BRADDOCK DRIVE CULVER CITY CA 90230 NONE PC WELFARE 500 LATIN CENTER FOR PREVENTION & ACTION IN HEALTH & WELFARE 450 W 4TH STREET 130 SANTA ANA CA 92701 NONE PC HUMAN SERVICES 10000 LEARN TO BE FOUNDATION 1268 N LAKEVIEW AVE SUITE 201 ANAHEIM CA 92807 NONE PC EDUCATIONAL SERVICES 5000 LIBERTY HILL FOUNDATION 6420 WILSHIRE BLVD STE 700 LOS ANGELES CA 90048 NONE PC WELFARE 500 LONG BEACH DAY NURSERY 1548 CHESTNUT AVE LONG BEACH CA 90813 NONE PC EDUCATIONAL 80000 LOS ANGELES CONSERVATION CORPS P O BOX 15868 LOS ANGELES CA 90015 NONE PC WELFARE 35000 LOS ANGELES POLICE FOUNDATION 515 S FLOWER ST SUITE 1680 LOS ANGELES CA 90071 NONE PC PUBLIC SAFTEY 25000 LOS ANGELES YOUTH NETWORK 1754 TAFT STREET LOS ANGELES CA 90028 NONE PC EARLY EDUCATION 150000 LUTHERAN SOCIAL SERVICE OF SC 2560 N SANTIAGO BLVD ORANGE CA 92867 NONE PC RELIGIOUS 17500 MAR VISTA FAMILY CENTER 2075 SOUTH SLAUSON AVENUE CULVER CITY CA 90230 NONE PC HEALTH 50000 MEDICINE FOR HUMANITY 22866 BECKLEDGE TERRACE MALIBU CA 90265 NONE PC EDUCATION 4800 MOTHER'S CLUB FAMILY LEARNING CENTER 980 N FAIR OAKS AVE PASADENA CA 91103 NONE PC SOCIAL SERVICE 55000 MUSIC CENTER 717 W TEMPLE SUITE 400 LOS ANGELES CA 90012 NONE PC HEALTH 15000 MY SISTER MY FRIEND BREAST CANCER SUPPORT 4000 LONG BEACH BLVD STE 214 LONG BEACH CA 90807 NONE PC HUMAN SERVICES 5000 NAMI-WESTSIDE LA 941 WEST WOOD BLVD LOS ANGELES CA 90024 NONE PC MENTAL HEALTH 16000 NATURE BRIDGE 11741 WHEATFIELD LOOP HUDSON FL 34667 NONE PC SOCIAL SERVICE 7000 NEIGHBORHOOD YOUTH ASSOCIATION INC 1016 PLEASANTVIEW AVENUE VENICE CA 90291 NONE PC WELFARE 55000 NEW DIRECTIONS INC 11303 WILSHIRE BLVD BLDG 116 LOS ANGELES CA 90073 NONE PC WELFARE 75000 OLD TOWN ARTISAN STUDIO 78-100 MAIN STREET 104 LA QUINTA CA 92253 NONE PC EDUCATION 13000 ONE VOICE 1228 15TH ST STE C SANTA MONICA CA 90404 NONE PC HUMAN SERVICES 70000 OPERATION JUMP START 3515 LINDEN AVE LONG BEACH CA 90807 NONE PC EDUCATION 35000 OREGON ENVIRONMENTAL COUNCIL 222 NW DAVIS 309 PORTLAND OR 97209 NONE PC SOCIAL SERVICE 2000 OREGON SYMPHONY ASSOCIATES 921 SW WASHINGTON ST SUITE 200 PORTLAND OR 97205 NONE PC ARTS 5000 ORLO FOUNDATION THE 810 SE BELMONT 5 PORTLAND OR 97214 NONE PC ENVIRONMENTAL 2500 PS ARTS 1728 ABBOT KINNEY BOULEVARD SUITE 101 VENICE CA 90291 NONE PC SOCIAL SERVICE 50000 PACIFIC CLINICS 800 S SANTA ANITA AVE ARCADIA CA 91006 NONE PC WELFARE 100000 PACIFIC LEGAL FOUNDATION 555 CAPITAL MALL SUITE 350 SACRAMENTO CA 95814 NONE PC EDUCATION 50000 PEOPLE ASSISTING THE HOMELESS 340 NORTH MADISON AVENUE LOS ANGELES CA 90004 NONE PC WELFARE 50000 PORTLAND PIANO INTERNATIONAL PO BOX 6469 PORTLAND OR 97228 NONE PC SOCIAL SERVICE 2500 PROFESSIONAL DANCER SOCIETY THE P O BOX 15605 BEVERLY HILLS CA 90209 NONE PC WELFARE 11800 PROJECT MOTIVATE INC PO BOX FN GARDEN GROVE CA 92842 NONE PC YOUTH DEVELOPMENT 5000 PUBLIC COUNSEL 610 SOUTH ARDMORE AVE LOS ANGELES CA 90005 NONE PC HEALTH 100000 RAPE FOUNDATION THE 1223 WILSHIRE BLVD NO 410 SANTA MONICA CA 90403 NONE PC SOCIAL WELFARE 135000 REDF 221 MAIN STREET SUITE 1550 SAN FRANCISCO CA 94105 NONE PC HUMAN SERVICES 50000 RYMAN-CARROLL FOUNDATION 315 WEST NINTH STREET SUITE 806 LOS ANGELES CA 90015 NONE PC EDUCATION 50000 SALVATION ARMY THE 906 SOUTH FRANCISCO STREET LOS ANGELES CA 90071 NONE PC SOCIAL WELFARE 100000 SHARE INC PO BOX 1342 BEVERLY HILLS CA 90213 NONE PC EDUCATION 60000 SOPHIA T SALVIN SCHOOL 1925 BUDLONG AVENUE LOS ANGELES CA 90007 NONE PC EDUCATION 35000 SOUTHERN CALIFORNIA GRANTMAKERS 1000 NORTH ALAMEDA STREET SUITE 230 LOS ANGELES CA 90012 NONE PC SOCIAL WELFARE 2500 SOUTHERN CALIFORNIA PUBLIC RADIO 474 S RAYMOND AVENUE PASADENA CA 91105 NONE PC COMMUNICATION 43750 ST ANNE'S MATERNITY HOME 155 N OCCIDENTAL BLVD LOS ANGELES CA 90026 NONE PC WELFARE 150000 STEINWAY SOCIETY OF RIVERSIDE COUNTY PO BOX 3015 RANCHO MIRAGE CA 92270 NONE PC EDUCATIONAL 8000 STREET POETS 2116 ARLINGTON AVE STE 310 LOS ANGELES CA 90018 NONE PC WELFARE 35000 STEP UP ON SECOND STREET INC 1328 SECOND STREET SANTA MONICA CA 90401 NONE PC MEDICAL 75000 SOUTH CENTRAL LA MINISTRY PROJECT 892 E 48TH ST LOS ANGELES CA 90011 NONE PC SOCIAL SERVICE 40000 UC REGENTS 10945 LA CONTE AVE 3132 LOS ANGELES CA 90095 NONE PC EDUCATION 592230 UCLA FOUNDATION PO BOX 951784 LOS ANGELES CA 90096 NONE PC HEALTH 145000 UNITED FRIENDS OF THE CHILDREN 1055 WILSHIRE BLVD SUITE 1955 LOS ANGELES CA 90017 NONE PC SOCIAL SERVICE 100000 UNITED STATES VETERANS INITIATIVE 800 W 6TH STREET LOS ANGELES CA 90017 NONE PC WELFARE 100000 UNITED WAY INC 1150 S OLIVE STREET T500 LOS ANGELES CA 90015 NONE PC HUMAN SERVICES 75000 UNIVERSITY OF SOUTHERN CALIFORNIA 3551 TROUSDALE PARKWAY STE 160 LOS ANGELES CA 90014 NONE PC EDUCATION 60000 UNUSUAL SUSPECTS THEATRE COMPANY 617 S OLIVE STREET SUITE 812 LOS ANGELES CA 90014 NONE PC HEALTH 45000 US CHINESE ARTIST ASSOCIATES 11 CHESTER IRVINE CA 92603 NONE PC ARTS 2000 VENICE FAMILY CLINIC 604 ROSE AVENUE VENICE CA 90291 NONE PC MEDICAL 100000 WESTON A PRICE FOUNDATION 4200 WISCONSIN AVE NW WASHINGTON DC 20016 NONE PC NUTRITION 2000 WESIDE INFANT-FAMILY NETWORK 5721 W SLAUSON AVE STE 200 CULVER CITY CA 90230 NONE PC MENTAL HEALTH 95000 WILDWOOD SCHOOL 12201 WASHINGTON PLACE LOS ANGELES CA 90066 NONE PC EDUCATION 10000 WOODEN FLOOR FOR YOUTH MOVEMENT 1810 N MAIN STREET SANTA ANA CA 92706 NONE PC SOCIAL WELFARE 75000 5784259 0 14 525 14 4103135 18 5990215 0 10093875 0 10093875 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 99590 0 99590 PURSUANT TO CODE SECTION 4942(H)(2) AND REG. SEC. 53.4942(A)-3(D)(2), THE CARL AND ROBERTA DEUTSCH FOUNDATION ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS COMING FROM PRIOR YEAR'S UNDISTRIBUTED INCOME AS FOLLOWS:12/31/2010: $17,400AUTHORIZED SIGNATURE OFFICE FURNITURE 2000-06-29 176689 173185 SL 7.000000000000 3504 0 PART VII-B, QUESTION 1(A)(3) AELD, INC., A RELATED PARTY TO THE FOUNDATION, DONATED OFFICE SPACE AND ADMINISTRATIVE SERVICES IN THE AMOUNT OF $82,957 TO THE CARL & ROBERTA DEUTSCH FOUNDATION DURING 2014 AT NO CHARGE. THIS IS AN EXCEPTED ACT OF SELF-DEALING UNDER IRC SECTION 4941(D)(2)(C). TANGIBLE PROPERTY REGULATIONS: PURSUANT TO THE SMALL BUSINESS EXCEPTION UNDER SECTION 10.11(6)(B)(III) OF REV. PROC. 2015-20, THE TAXPAYER IS CHANGING TO ADOPT THE FINAL TANGIBLE PROPERTY REGULATIONS PROSPECTIVELY WITH ITS TAX YEAR BEGINNING JANUARY 1, 2014, AND WITHOUT FILING A FORM 3115.SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTIONTAXPAYER IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAXABLE YEAR.SECTION 1.263(A)-3(N) CAPITALIZATION ELECTIONTAXPAYER HEREBY ELECTS TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER TREAS. REG. 1.263(A)-3(N). THE COSTS WERE INCURRED DURING THE TAXABLE YEAR IN THE ELECTING TAXPAYER'S TRADE OR BUSINESS AND THE ELECTING TAXPAYER TREATS SUCH COSTS AS CAPITAL EXPENDITURES ON ITS BOOKS AND RECORDS. PART VII-B, QUESTION 1(A)(4): DURING THE 2014 TAX YEAR, THE FOUNDATION PAID COMPENSATION IN THE AMOUNT OF $180,000 TO JANIS MINTON CONSULTING, INC. ("JMC"), A CORPORATION THAT IS WHOLLY OWNED BY ONE OF THE FOUNDATION'S DIRECTORS, JANIS MINTON. JMC PROVIDED (AND CONTINUES TO PROVIDE) SUBSTANTIAL CORE WORK FUNCTIONS FOR THE FOUNDATION, WHICH INCLUDE BUT ARE NOT LIMITED TO, GENERAL FOUNDATION LEADERSHIP AND MANAGEMENT DUTIES, OVERSIGHT AND MANAGEMENT OF THE FOUNDATION'S GRANTMAKING AND OPERATIONAL PLAN, FOUNDATION ADMINISTRATION, PROGRAM MANAGEMENT, BOARD OF DIRECTOR SUPPORT (INCLUDING MEETING FACILITATION), WORKING WITH LEGAL AND OTHER ADVISORS, AND PROVIDING TRAINING AND EDUCATION TO ADVISORY BOARD MEMBERS. JMC IS ADDITIONALLY RESPONSIBLE FOR PROGRAMMATIC ACTIVITIES THAT INCLUDE CREATING GRANT SYSTEMS, CONDUCTING DUE DILIGENCE, AND PROVIDING STRATEGIC DIRECTION.UPON ADVICE OF COUNSEL, THE FOUNDATION'S BOARD OF DIRECTORS (THE "BOARD") HAS DETERMINED THAT THE PAYMENTS TO JMC ARE PROPERLY CLASSIFIED AS PAYMENTS TO A DISQUALIFIED PERSON FOR PERSONAL SERVICES WITHIN THE MEANING OF TREAS. REG. 53.4941(D)-3(C) AND THEREFORE QUALIFY FOR THE EXCEPTION TO SELF-DEALING SET FORTH IN IRC 4941(D)(2)(E). JMC'S SERVICES ARE REASONABLE AND NECESSARY TO CARRY OUT THE FOUNDATION'S EXEMPT PURPOSES. THE FOUNDATION HAS OBTAINED A COMPENSATION STUDY FOR THE RELEVANT PERIOD THAT CONFIRMS THAT THE LEVEL OF COMPENSATION TO JMC IS WELL BELOW MARKET RATE FOR THE EXTENT OF SERVICES PROVIDED, AND IS THEREFORE REASONABLE AND NOT EXCESSIVE. MUTUAL FUNDS FMV 90268284 90268284 FUND OF FUNDS FMV 19425797 19425797 PRIVATE EQUITY FMV 16371564 16371564 OFFICE FURNITURE 176689 176689 0 0 LEGAL FEES 1242 0 1242 NET UNREALIZED GAIN (LOSS) 2238861 POSTAGE & COURIER 3504 0 3504 INSURANCE 12643 0 12643 OFFICE SUPPLIES 6125 0 6125 CHECKING ACCOUNT FEES 683 0 683 PAYROLL PREP FEE 1297 0 1297 FILING FEE 20 0 20 PARKING 12383 0 12383 TELEPHONE 8960 0 8960 OFFICE PLANTS 1883 0 1883 BANK FEES 245 0 245 PARTNERSHIP EXPENSES 0 360243 0 DEFERRED TAX LIABILTY 442621 404957 CONSULTING 180000 0 180000 OTHER PROFESSIONAL FEES 109657 0 109657 INVESTMENT EXPENSE 596674 596674 0 TAX PROVISION 41091 0 0 FOREIGN TAXES 0 17782 0