KANE FAMILY FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: KANE FAMILY FOUNDATION INC (EIN 90-0689673)
Tax period: 2013-11-01 to 2014-10-31
Filed: 2015-09-16
IRS object ID: 201512599349100201
Schema version: 2013v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Depreciation Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Land Schedule2
Land Etc Schedule2
Other Assets Schedule
Other Expenses Schedule
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-09-16T10:58:53-05:00	ReturnTs
Tax Period End	2014-10-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BKD LLP	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	111 South Tejon Suite 800	AddressLine1
City	Colorado Springs	City
State	CO	State
ZIP Code	809039848	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2013-11-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	900689673	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KANE FAMILY FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of	% AMERICAN NATIONAL BANK	InCareOfNm
Business Name Control	KANE	BusinessNameControlTxt
Phone	7193815629	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6510-A SOUTH ACADEMY BLVD	AddressLine1
Address Line2	BOX 285 Suite	AddressLine2
City	COLORADO SPRINGS	City
State	CO	State
ZIP Code	80906	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	William Corrigan	PersonNm
Person Title	President	PersonTitleTxt
Phone	7194714290	PhoneNum
Signature	2015-09-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Rita F Worster CPA	PreparerPersonNm
PTIN	P00290681	PTIN
Phone	7194714290	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$28,616,310	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$0	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$452	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$452	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$616,814	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$582,280	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$1,076,144	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$3,220,391	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$1,076,144	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$1,693,410	TotalRevAndExpnssAmt
Total Net Invst Incm	$1,658,876	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$79,200	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$59,400	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$19,800	CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$19,650	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$14,738	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$4,912	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$97,579	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$91,835	OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss	$19,268	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$3,490	TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss	$15,892	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$3,658	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$12,234	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$231,589	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$173,121	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$36,946	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$1,905,653	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$1,576,174	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$2,137,242	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$173,121	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$1,613,120	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$443,832	ExcessRevenueOverExpensesAmt
Net Investment Income	$1,485,755	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$3,252,179	CashBOYAmt
Cash EOY	$2,865,966	CashEOYAmt
Cash EOYFMV	$2,865,966	CashEOYFMVAmt
US Government Obligations BOY	$1,121,022	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$1,513,154	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$1,513,154	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$20,851,129	CorporateStockBOYAmt
Corporate Stock EOY	$21,279,351	CorporateStockEOYAmt
Corporate Stock EOYFMV	$21,279,351	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$2,691,924	CorporateBondsBOYAmt
Corporate Bonds EOY	$2,912,306	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$2,912,306	CorporateBondsEOYFMVAmt
Other Assets BOY	$41,062	OtherAssetsBOYAmt
Other Assets EOY	$45,533	OtherAssetsEOYAmt
Other Assets EOYFMV	$45,533	OtherAssetsEOYFMVAmt
Total Assets BOY	$27,957,316	TotalAssetsBOYAmt
Total Assets EOY	$28,616,310	TotalAssetsEOYAmt
Total Assets EOYFMV	$28,616,310	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$2,622,497	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$2,950,957	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$2,622,497	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,950,957	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$25,334,819	RetainedEarningBOYAmt
Retained Earning EOY	$25,665,353	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$25,334,819	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$25,665,353	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$27,957,316	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$28,616,310	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$25,334,819	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$443,832	ExcessRevenueOverExpensesAmt
Other Increases	$774,366	OtherIncreasesAmt
Subtotal	$25,665,353	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$25,665,353	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (55 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
0.332 SHS CDK GLOBAL INC	2014-10-06	2014-10-15	$10	$4	$6	$6
0.333 SHS CDK GLOBAL INC	2014-10-06	2014-10-15	$10	$4	$6	$6
200000 SHS DELL 3.1% 4/1/16	2013-06-10	2013-11-25	$199,820	$203,179	-$3,359	-$3,359
525 SHS S&P DEP. RECEIPTS	2013-02-11	2013-12-10	$94,033	$79,390	$14,643	$14,643
25 SHS S&P DEP. RECEIPTS	2013-02-11	2013-12-10	$4,478	$3,780	$698	$698
2200 SHS S&P DEP. RECEIPTS	2013-02-11	2014-04-08	$414,282	$332,682	$81,600	$81,600
175 SHS S&P DEP. RECEIPTS	2013-02-11	2014-04-08	$32,954	$26,463	$6,491	$6,491
150 SHS NIKE	2011-04-29	2013-12-10	$11,852	$4,369	$7,483	$7,483
75 SHS AUTO DATA PROCESSING	2011-04-29	2013-12-10	$5,886	$3,282	$2,604	$2,604
75 SHS COLGATE PALMOLIVE	2011-04-29	2013-12-10	$4,847	$2,094	$2,753	$2,753
55 SHS ISHARES RUSSELL 2000 INDEX FUND	2011-04-29	2014-04-03	$6,406	$2,077	$4,329	$4,329
95 SHS ISHARES RUSSELL 2000 INDEX FUND	2011-04-29	2014-04-03	$11,066	$4,925	$6,141	$6,141
100 SHS ISHARES S&P MIDCAP 400 INDEX FUND	2011-04-29	2014-04-03	$13,737	$7,729	$6,008	$6,008
50 SHS EMERSON ELECTRIC	2011-04-29	2014-04-07	$3,391	$1,598	$1,793	$1,793
50 SHS ISHARES S&P MIDCAP 400 INDEX FUND	2011-04-29	2014-04-08	$6,919	$3,864	$3,055	$3,055
100 SHS NIKE	2011-04-29	2014-04-08	$7,406	$2,913	$4,493	$4,493
75 SHS ISHARES RUSSELL 2000 INDEX FUND	2011-04-29	2014-04-08	$8,787	$3,888	$4,899	$4,899
100 SHS ILLINOIS TOOL WORKS	2011-04-29	2014-04-08	$8,354	$4,337	$4,017	$4,017
250 SHS DANAHER	2011-04-29	2014-04-08	$18,830	$5,623	$13,207	$13,207
50 SHS AUTO DATA PROCESSING	2011-04-29	2014-04-08	$3,859	$1,734	$2,125	$2,125
200 SHS MCDONALDS	2011-04-29	2014-09-18	$18,682	$5,019	$13,663	$13,663
150 SHS MCDONALDS	2011-04-29	2014-09-18	$14,011	$3,573	$10,438	$10,438
175 SHS CONOCO PHILLIPS	2011-04-29	2014-10-20	$11,195	$8,902	$2,293	$2,293
75 SHS CONOCO PHILLIPS	2011-04-29	2014-10-20	$4,798	$2,260	$2,538	$2,538
5000 SHS CHFA 4%	2009-04-07	2013-11-01	$5,000	$5,000
125000 SHS GOLDMAN SACHS 6% 5/1/14	2009-05-07	2014-05-01	$125,000	$126,875	-$1,875	-$1,875
125000 SHS HONEYWELL 3.875%	2009-02-23	2014-02-18	$125,000	$124,933	$67	$67
26000 SHS CONOCOPHILLIPS 4.75%	2009-02-05	2014-02-03	$26,000	$26,325	-$325	-$325
100000 SHS ORACLE 3.75% 7/8/14	2009-07-08	2014-07-08	$100,000	$100,000
175000 SHS FNMA 3% 9/16/14	2009-08-25	2014-09-16	$175,000	$174,613	$387	$387
5000 SHS CHFA 4%	2009-04-07	2014-05-01	$5,000	$5,000
100000 SHS VALERO 4.75%	2009-02-05	2014-04-01	$100,000	$94,750	$5,250	$5,250
1550 SHS NIKE	2008-07-23	2013-12-10	$122,470	$45,144	$77,326	$77,326
500 SHS MCDONALDS	2008-10-27	2014-09-18	$46,704	$27,804	$18,900	$18,900
400 SHS MCDONALDS	2008-10-24	2014-09-18	$37,363	$22,620	$14,743	$14,743
400 SHS MCDONALDS	2008-10-17	2014-09-18	$37,363	$22,503	$14,860	$14,860
4400 SHS CONOCO PHILLIPS	2008-02-29	2014-10-20	$281,464	$192,603	$88,861	$88,861
200 SHS AUTO DATA PROCESSING	2007-01-01	2013-12-10	$15,696	$7,083	$8,613	$8,613
1400 SHS ISHARES RUSSELL 2000 INDEX FUND	2007-04-18	2014-04-03	$163,074	$64,186	$98,888	$98,888
325 SHS ISHARES RUSSELL 2000 INDEX FUND	2007-04-18	2014-04-08	$38,077	$14,900	$23,177	$23,177
250 SHS ILLINOIS TOOL WORKS	2007-04-18	2014-04-08	$20,884	$10,842	$10,042	$10,042
300 SHS ISHARES S&P MIDCAP 400 INDEX FUND	2007-01-01	2014-04-08	$41,517	$23,145	$18,372	$18,372
525 SHS ISHARES RUSSELL 2000 INDEX FUND	2007-01-01	2014-04-08	$61,510	$33,990	$27,520	$27,520
500 SHS AUTO DATA PROCESSING	2007-01-01	2014-04-08	$38,586	$17,709	$20,877	$20,877
2400 SHS MCDONALDS	2007-01-01	2014-09-18	$224,180	$61,754	$162,426	$162,426
1025 SHS AUTO DATA PROCESSING	2003-06-03	2013-12-10	$80,444	$36,053	$44,391	$44,391
1000 SHS COLGATE PALMOLIVE	2003-06-03	2013-12-10	$64,622	$27,183	$37,439	$37,439
1025 SHS ISHARES S&P MIDCAP 400 INDEX FUND	2003-06-03	2014-04-03	$140,806	$79,221	$61,585	$61,585
425 SHS EMERSON ELECTRIC	2003-06-03	2014-04-08	$28,820	$13,187	$15,633	$15,633
400 SHS ISHARES S&P MIDCAP 400 INDEX FUND	2003-06-03	2014-04-08	$55,356	$30,916	$24,440	$24,440
900 SHS DANAHER	2003-06-03	2014-04-08	$67,789	$20,241	$47,548	$47,548
925 SHS MCDONALDS	2003-06-03	2014-09-18	$86,403	$21,978	$64,425	$64,425
CAPITAL GAIN DISTRIBUTIONS			$131		$131	$131
CAPITAL CREDITS			$456		$456	$456
CLASS ACTION PROCEEDS			$63		$63	$63

Field	Value	IRS element (for citing)
Capital Gain Net Income	$1,076,144	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$1,264,140	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$26,180,047	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.048286	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$1,297,476	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$24,769,089	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.052383	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$558,668	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$24,542,500	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.022763	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$1,045,680	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$21,867,811	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.047818	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$941,845	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$19,448,137	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.048429	DistributionYr5Rt
Total Distribution	0.219679	TotalDistributionRt
Average Distribution	0.043936	AverageDistributionRt
Net Vl Noncharitable Assets	$28,247,940	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$1,241,101	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$14,858	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$1,255,959	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$1,613,120	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$14,858	InvestmentIncomeExciseTaxAmt
Subtotal	$14,858	SubtotalAmt
Tax Based On Investment Income	$14,858	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$9,400	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$9,400	TotalPaymentsAndCreditsAmt
Es Penalty	$81	EsPenaltyAmt
Tax Due	$5,539	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CO	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	WWW.KANEFAMILYFOUNDATION.ORG	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	AMERICAN NATIONAL BANK	BusinessNameLine1

Field	Value	IRS element (for citing)
Phone	7194714290	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	102 NORTH CASCADE	AddressLine1
City	COLORADO SPRINGS	City
State	CO	State
ZIP Code	80903	ZIPCode

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (true)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not App	Yes (true)	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
GREGORY L JOHNSON
6510-A SOUTH ACADEMY BLVD	COLORADO SPRINGS	CO	80906	CO-TRUSTEE	4.0	$39,600	$0	$0
WILLIAM S CORRIGAN
6510-A SOUTH ACADEMY BLVD	COLORADO SPRINGS	CO	80906	CO-TRUSTEE	4.0	$39,600	$0	$0
TAD A GOODENBOUR
111 S TEJON STREET SUITE 800	COLORADO SPRINGS	CO	80903	CO-TRUSTEE	4.0	$0	$0	$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Field	Value	IRS element (for citing)
Sum Of Program Related Invst		SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$25,178,889	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$3,458,765	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$40,458	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$28,678,112	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$28,678,112	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$430,172	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$28,247,940	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,412,397	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,412,397	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$14,858	TaxBasedOnInvestmentIncomeAmt
Total Tax	$14,858	TotalTaxAmt
Distributable Before Adj	$1,397,539	DistributableBeforeAdjAmt
Distributable Before Ded	$1,397,539	DistributableBeforeDedAmt
Distributable As Adjusted	$1,397,539	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,613,120	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$1,613,120	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$14,858	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$1,598,262	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,397,539	DistributableAsAdjustedAmt
Undistributed Income PY	$217,086	UndistributedIncomePYAmt
Prior Year1	2011	PriorYear1Yr
Prior Year2	2010	PriorYear2Yr
Prior Year3	2009	PriorYear3Yr
Excess Distribution Cyov Yr1	$0	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$1,613,120	QualifyingDistributionsAmt
Applied To Year1	$217,086	AppliedToYear1Amt
Applied To Current Year	$1,396,034	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Undistributed Income CY	$1,505	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$0	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	CONTACT THE TRUSTEES	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	6510-A SOUTH ACADEMY BLVD BOX 285	AddressLine1
City	COLORADO SPRINGS	City
State	CO	State
ZIP Code	80906	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone	7193815629	RecipientPhoneNum
Form And Info And Materials	PLEASE CONTACT THE TRUSTEES TO RECEIVE DETAILS OF SCHOLARSHIP FORMS AND REQUIREMENTS. INFORMATION IS ALSO AVAILABLE THROUGH LINKS ON THE FOUNDATION'S WEBSITE AT: WWW.KANEFAMILYFOUNDATION.ORG	FormAndInfoAndMaterialsTxt
Submission Deadlines	NONE	SubmissionDeadlinesTxt
Restrictions On Awards	AWARDS WILL ONLY BE MADE FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AWARDS ARE LIMITED TO SCHOLARSHIPS FOR EDUCATION AND FOR QUALIFIED MEDICAL RESEARCH.	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2
UNIVERSITY OF COLORADO FOUNDATION
1420 AUSTIN BLUFFS PKWY	COLORADO SPRINGS	CO	80918	NON-AFFILIATE	PC	SCHOLARSHIPS	$905,635
PIKES PEAK COMMUNITY COLLEGE FOUNDATION
5675 S ACADEMY BLVD	COLORADO SPRINGS	CO	80906	NON-AFFILIATE	PC	SCHOLARSHIPS	$141,051
COLORADO STATE UNIVERSITY-PUEBLO
220 BONFORTE BLVD	PUEBLO	CO	810014901	NON-AFFILIATE	PC	SCHOLARSHIPS	$255,459
TRINIDAD STATE JUNIOR COLLEGE
600 PROSPECT STREET	TRINIDAD	CO	81082	NON-AFFILIATE	PC	SCHOLARSHIPS	$26,721
LAMAR COMMUNITY COLLEGE
2401 S MAIN ST	LAMAR	CO	81052	NON-AFFILIATE	PC	SCHOLARSHIPS	$39,302
PUEBLO COMMUNITY COLLEGE
900 WEST ORMAN AVENUE	PUEBLO	CO	810041499	NON-AFFILIATE	PC	SCHOLARSHIPS	$31,106
OTERO COMMUNITY COLLEGE
1802 COLORADO AVENUE	LA JUNTA	CO	81050	NON-AFFILIATE	PC	SCHOLARSHIPS	$26,900
VIRGINIA TECH FOUNDATION
902 PRICES FORK ROAD	BLACKSBURG	VA	24061	NON-AFFILIATE	PC	SCHOLARSHIPS	$150,000	SUITE 4500

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$1,576,174	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
FUTURE COLLEGE SCHOLARSHIP FUNDING 2014-2015
6510-A SOUTH ACADEMY BLVD BOX 285	Colorado Springs	CO	80906	NON-AFFILIATE	PC	SCHOLARSHIPS	$678,558
FUTURE COLLEGE SCHOLARSHIP FUNDING 2015-2016
6510-A SOUTH ACADEMY BLVD BOX 285	Colorado Springs	CO	80906	NON-AFFILIATE	PC	SCHOLARSHIPS	$1,031,189
FUTURE COLLEGE SCHOLARSHIP FUNDING 2016-2017
6510-A SOUTH ACADEMY BLVD BOX 285	Colorado Springs	CO	80906	NON-AFFILIATE	PC	SCHOLARSHIPS	$793,082
FUTURE COLLEGE SCHOLARSHIP FUNDING 2017-2018
6510-A SOUTH ACADEMY BLVD BOX 285	Colorado Springs	CO	80906	NON-AFFILIATE	PC	SCHOLARSHIPS	$448,128

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$2,950,957	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$452	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$616,814	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Incm Part VII		OtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$1,076,144	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$1,693,410	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,693,410	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$19,650	Amt
Net Investment Income	$14,738	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$4,912	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (6 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
AMERICAN NATIONAL BANK	$1,856,072	$1,856,072
BBVA 10/9/15	$207,220	$207,220
BLACKROCK 12/10/19	$232,552	$232,552
GATX 5/15/15	$209,162	$209,162
MORGAN STANLEY 1/26/15	$201,620	$201,620
TECK RES 1/15/17	$205,680	$205,680

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (23 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
PRIOR YEAR TOTAL
ISHARES MSCI EAFE INDEX FUND	$1,445,270	$1,445,270
ISHARES MSCI EMERGING MKT FUND	$527,929	$527,929
ISHARES RUSSELL 2000 INDEX FUN	$1,019,900	$1,019,900
ISHARES S&P MIDCAP 400 INDEX	$913,191	$913,191
3M	$684,277	$684,277
APPLE	$646,380	$646,380
BECTON DICKINSON	$575,933	$575,933
BERKSHIRE HATHAWAY B SHARES	$665,760	$665,760
COCA COLA	$703,584	$703,584
COLGATE PALMOLIVE	$660,440	$660,440
DANAHER	$647,220	$647,220
EXPRESS SCRIPTS	$539,661	$539,661
EXXON MOBIL	$522,234	$522,234
ILLINOIS TOOLWORKS	$680,599	$680,599
JOHNSON & JOHNSON	$608,957	$608,957
MICROSOFT	$591,570	$591,570
NESTLE SA ADR	$706,186	$706,186
NIKE	$701,924	$701,924
PEPSICO	$733,296	$733,296
PROCTER AND GAMBLE	$565,073	$565,073
UNITED TECHNOLOGIES	$585,825	$585,825
OTHER SECURITIES	$6,554,142	$6,554,142

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$1,513,154	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$1,513,154	USGovtObligationsEOYFMVAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Land Etc Schedule2 LandEtcSchedule2

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	ACCRUED BOND INTEREST	Desc
BOY Book Value	$41,062	BOYBookValueAmt
EOY Book Value	$45,533	EOYBookValueAmt
EOYFMV	$45,533	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
DUES AND OTHER FEES	$4,877	$3,658	$1,219
SCHOLAR RECOGNITION	$11,015		$11,015

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Description	UNREALIZED GAINS ON INVESTMENTS	Description
Amount	$774,366	Amount

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	FUTURE FUNDING OBLIGATIONS	Desc
BOY Book Value	$2,622,497	BOYBookValueAmt
EOY Book Value	$2,950,957	EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	INVESTMENT FEES	CategoryTxt
Amt	$97,579	Amt
Net Investment Income	$91,835	NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX ON INVESTMENTS	$3,490	$3,490
FEDERAL TAXES PAID	$15,778