2014-11-04T18:57:16-06:00 2013-12-31 ERNST & YOUNG US LLP 200 CLARENDON STREET BOSTON MA 021165072 990PF 2013-01-01 043073023 Cummings Foundation Inc % WILLIAM F GRANT CUMM 7819358000 200 West Cummings Park Suite Woburn MA 01801 Joel B Swets EXECUTIVE DIRECTOR 2014-11-04 2013 2015-12-30 17:16:21Z X 1085901102 X 1003853 1315 1315 1315 10224676 10208573 10224676 86365 86365 86365 64957 13950758 121352181 13950758 2367796 125064336 50155010 125114722 150331303 74402021 137794874 524172 524172 34317143 34288279 739742 749576 5510 6007 1815062 313062 224167 224167 3001411 2962569 35110337 3201543 4049 31905236 75737544 3514605 228216 70435839 769155 769155 76506699 3514605 228216 71204994 73824604 70887416 137566658 179468 43000 43000 26490048 30252876 30252876 7242085 13590060 7242085 7242085 33584 32914 32914 123388 134757 134756 337922274 369515368 535131025 516870256 491317699 509330320 10029277 6295151 3721154 3734126 3734126 898930232 902272825 1085901102 869923 952144 23214425 24150413 24084348 25102557 X 874845884 877170268 874845884 877170268 898930232 902272825 874845884 73824604 948670488 71500220 877170268 PUBLICLY TRADED SECURITIES - SHORT TERM P 39481787 37175298 2306489 2306489 PUBLICLY TRADED SECURITIES - LONG TERM P 65623927 54154600 11469327 11469327 CAPITAL GAINS DISTRIBUTIONS - SHORT TERM P 48289 48289 48289 CAPITAL GAINS DISTRIBUTIONS - LONG TERM P 268201 268201 268201 ALTERNATIVE INVESTMENTS - SHORT TERM P 13018 13018 13018 ALTERNATIVE INVESTMENTS - LONG TERM P 15910889 16071525 -160636 -160636 OTHER ASSETS P 6070 6070 6070 13950758 2367796 false 69054472 891631115 0.077447 65050847 830930160 0.078287 62694136 735114956 0.085285 61619111 628440923 0.098051 63345965 701624746 0.090285 0.429355 0.085871 961476542 82562952 708874 83271826 71442133 1417748 1417748 1417748 1562069 1562069 X 144321 144321 false false false 0 0 0 false false false false true true MA true true false true false true http://www.cummingsfoundation.org WILLIAM F GRANT 7819358000 200 WEST CUMMINGS PARK WOBURN MA 01801 false false false true true false false false false false false false false false false true false false false false false false Joyce M Cummings 200 West Cummings Park Woburn MA 01801 TRUSTEE & TREASURER 1.0 0 Patricia A Cummings PSY D 200 West Cummings Park Woburn MA 01801 TRUSTEE & Vice President 1.0 0 William S Cummings 200 West Cummings Park Woburn MA 01801 TRUSTEE & PRESIDENT 50.0 0 Robert O'Connor 400 hemenway street marlborough MA 01752 TRUSTEE & EXEC DIR NHM 50.0 184302 5611 26400 Joseph Abate MD 200 West Cummings Park Woburn MA 01801 Trustee 1.0 0 Anthony P Monaco MD PHD Tufts University Medford MA 02155 Trustee 1.0 0 HON Margot Botsford supreme judicial court boston MA 02108 Trustee 1.0 0 Paul C Casey 200 West Cummings Park Woburn MA 01801 Trustee 1.0 0 Carol A Donovan 200 West Cummings Park Woburn MA 01801 Trustee 1.0 0 DEBORAH T KOCHEVAR DVM PHD cummings school of veterinary north grafton MA 01536 Trustee 1.0 0 Jason Z Morris PhD fordham university bronx NY 10458 Trustee 1.0 0 Marilyn Cummings Morris MD MPH Childrens Hospital New York NY 10001 Trustee 1.0 0 Richard C Ockerbloom 200 West Cummings Park Woburn MA 01801 Trustee 1.0 0 Joel B Swets 200 West Cummings Park Woburn MA 01801 EXEC DIR, CUMMINGS FND 50.0 121798 6530 0 Michael P Pascavage 200 West Cummings Park Woburn MA 01801 TRUSTEE 1.0 0 Jed Geyerhahn - Resigned 1113 21 Warren Avenue Woburn MA 01801 Exec DiRECTOR, NHC 50.0 128187 10446 0 Christine Coakley 200 West Cummings Park Woburn MA 01801 Exec DiRECTOR, NHC 50.0 89885 13648 JUSTIN MAGEE - RESIGNED 1213 200 WEST CUMMINGS PARK WOBURN MA 01801 FIELD DIV MGR 50.0 170783 3433 0 RICHARD CURTIN 200 WEST CUMMINGS PARK WOBURN MA 01801 ASSOC DIVISION MGR 50.0 124851 11231 0 KARL SANFORD 200 WEST CUMMINGS PARK WOBURN MA 01801 CARPENTRY TEAM LEAD 50.0 119271 11201 0 MARK LYNCH 200 WEST CUMMINGS PARK WOBURN MA 01801 CARPENTRY TEAM LEAD 50.0 112585 14034 0 MICHAEL DONAGHEY 200 WEST CUMMINGS PARK WOBURN MA 01801 ELECTRIC TEAM LEAD 50.0 106041 13460 0 56 HEALTH CARE STAFFING INC PO Box 786 WESTBOROUGH MA 01581 Assisted Living Svcs 1767627 MERRILL LYNCH TRUST CO ONE FEDERAL STREET BOSTON MA 02134 INVESTMENT SVCS 1207685 WINCHESTER HEALTHCARE ENTERPRISES INC PO BOX 5-0803 WOBURN MA 01801 ASSISTED LIVING SVCS 676875 COMMONFUND 15 Old Danbury Rd WILTON CT 06897 INVESTMENT SVCS 593391 THE CARLYLE GROUP 520 MADISON AVENUE NEW YORK NY 10022 INVESTMENT SVCS 519377 SEE GENERAL EXPLANATION ATTACHMENT - NEW HORIZONS AT CHOATE 3504075 SEE GENERAL EXPLANATION ATTACHMENT - NEW HORIZONS AT MARLBOROUGH 7773538 SEE GENERAL EXPLANATION ATTACHMENT - CUMMINGS SCHOOL OF VETERINARY MEDICINE 59158226 SEE GENERAL EXPLANATION ATTACHMENT - INSTITUTE FOR WORLD JUSTICE, LLC 641767034 597388 333753895 976118317 0 976118317 14641775 961476542 48073827 X 71204994 0 237139 0 0 71442133 71442133 1990-04-27 X 48073827 44581556 41546508 36755748 170957639 40862753 37894323 35314532 31242386 145313994 71442133 69054472 35314532 62694136 238505273 769155 186737 41940 35415 1033247 70672978 68867735 35272592 62658721 237472026 1085901102 978394250 871158791 834371069 3769825212 328019769 387959769 388509769 386789769 1491279076 32049218 29721037 27697672 24503832 113971759 75963565 72105417 89408199 75149716 312626897 75963565 72105417 69149804 66649716 283868502 0 0 0 0 0 181682796 55393413 51337585 45975142 334388936 WILLIAM S CUMMINGS PATRICIA A CU JOYCE CUMMINGS AND JASON Z MORRIS X AGAHOZO SHALOM 1375 BROADWAY 17TH FLOOR NEW YORK NY 10018 NONE PC At risk youth housing 50000 AGAHOZO SHALOM 1375 BROADWAY 17TH FLOOR NEW YORK NY 10018 NONE PC At risk youth housing 1150 AIDS ACTION COMMITTEE 75 AMORY STREET BOSTON MA 02119 NONE PC Community Healthcare Program 730 AMERICAN CANCER SOCIETY 30 SPEEN STREET FRAMINGHAM MA 01701 NONE PC Cancer Research Treatment 550 AMERICAN CANCER SOCIETY 125 SOUTH HUNTINGTON AVENUE JAMAICA PLAIN MA 02130 NONE PC Cancer Research Treatment 1000 AMERICAN FRIENDS OF YAHAD IN UNUM INC 25 WEST 45TH STREET SUITE 1405 NEW YORK NY 10036 NONE PC Educational Awareness 25000 AMERICAN RED CROSS PO BOX 37295 WASHINGTON DC 20013 NONE PC Disaster Emergency Relief 100 BOSTON CARDIAC FOUNDATION INC 50 TREMONT STREET SUITE 104 MELROSE MA 02176 NONE PC Health Research and Programs 33333 BOYS AND GIRLS CLUB OF NEW ROCHELLE 79 SEVENTH STREET NEW ROCHELLE NY 10801 NONE PC Youth Enrichment Program 50000 BUDDY DOG HUMANE SOCIETY 151 BOSTON POST ROAD SUDBURY MA 01776 NONE PC Animal Welfare 500 CLARK UNIVERSITY 950 MAIN STREET WORCESTER MA 01610 NONE PC Educational Scholarships 25000 TRUSTEES OF TUFTS COLLEGE 200 WESTBORO ROAD NORTH GRAFTON MA 01536 NONE PC Health Research and Programs 100000 DANA FARBER CANCER INSTITUTE 44 BINNEY STREET BOSTON MA 02115 NONE PC Cancer Research Treatment 200 DOCTORS WITHOUT BORDERS USA INC 333 7th Avenue 2nd FLOOR NEW YORK NY 10001 NONE PC Disaster Emergency Relief 200 EVENING OF GIVING 69 TREMONT STREET MARLBOROUGH MA 01752 NONE PC Community Welfare Program 600 FENWAY COMMUNITY HEALTH CENTER INC 1340 BOYLSTON STREET BOSTON MA 02215 NONE PC Community Healthcare Program 50 FRIENDS WINCHESTER PUBLIC LIBRARY 80 WASHINGTON STREET WINCHESTER MA 01890 NONE PC Civic Programming 100 GLEN DOHERTY MEMORIAL FOUNDATION PO BOX 716 MARBLEHEAD MA 01945 NONE PC Educational Scholarships 200 GOLDEN TONES INC 41 COCHITUATE ROAD WAYLAND MA 01778 NONE PC Elder Services 200 GRANOFF FAMILY HILLEL CENTER 220 PACKARD AVENUE MEDFORD MA 02155 NONE PC Educational Awareness 65005 GREATER BOSTON FOOD BANK INC 70 SOUTH BAY AVENUE BOSTON MA 02118 NONE PC Community Charity Drive 100 GREATER MIAMI JEWISH Federation 4200 BISCAYNE BLVD MIAMI FL 33137 NONE PC Community Welfare Program 25000 PRESIDENT AND FELLOWS OF HARVARD COLLEGE 1350 MASSACHUSETTS AVENUE CAMBRIDGE MA 02138 NONE PC Educational Scholarships 4100 HEARTWORKS FOUNDATION 19 ROUTE 202 BASKING RIDGE NJ 07920 NONE PC Community Welfare Program 100 HEIFER PROJECT INTERNATIONAL 1 WORLD AVENUE LITTLE ROCK AR 72202 NONE PC To be determined 230 HURLD ELEMENTARY SCHOOL 69 BEDFORD ROAD WOBURN MA 01801 NONE PC Education 250 JEWISH FAMILY SERVICE OF METROWEST 475 Franklin St Boston MA 01702 NONE PC Community Welfare Program 675 JOHNSON & WALES UNIVERSITY PO BOX 5956 PROVIDENCE RI 02903 NONE PC Educational Scholarships 1000 KATHI GLAVIN HIGGINS SCHOLARSHIP 674 BOSTON ROAD BILLERICA MA 01821 NONE PC Educational Scholarships 500 LAZARUS HOUSE MINITRIES INC 412 HAMPSHIRE STREET LAWRENCE MA 01842 NONE PC Civic Relief 200 The Salem Mission Inc dba LIFEBRIDGE 56 MARGIN STREET SALEM MA 01970 NONE PC Community Homeless 50 LIMERICK FIREEMS DEPARTMENT PO BOX 195 LIMERICK ME 04048 NONE PC Health & Safety 16467 MARLBOROUGH HIGH SCHOOL 431 BOLTON STREET MARLBOROUGH MA 01751 NONE PC Educational Scholarships 500 MARLBOROUGH HOSPITAL 157 UNION STREET MARLBOROUGH MA 01752 NONE PC Community Healthcare Program 5000 MINUTEMAN SENIOR SERVICES 26 CROSBY DRIVE BEDFORD MA 01730 NONE PC Elder Services 60 MISHAWUM CHORAL SOCIETY 74 PEARL STREET WOBURN MA 01801 NONE PC Cultural Arts Programming 200 MUSEUM OF FINE ARTS 465 HUNTINGTON AVENUE BOSTON MA 02115 NONE PC Cultural Arts Programming 250 NATIONAL MULTIPLE SCLEROSIS SOCIETY 101A FIRST AVENUE SUITE 6 WALTHAM MA 02451 NONE PC Health Research and Programs 1100 NEW COMMUNITIES SERVICES INC 116 NORFOLK STREET CAMBRIDGE MA 02139 NONE PC Affordable Housing Program 250 NORTHEASTERN UNIVERSITY 360 HUNTINGTON AVE 118CU BOSTON MA 02115 NONE PC Educational Scholarships 200 ONE FUND BOSTON INC 800 BOYLSTON STREET 990009 BOSTON MA 02199 NONE PC Community Outreach 100 ONLY A CHILD INC PO BOX 990885 BOSTON MA 02199 NONE PC Youth Welfare Program 50 PAN MASSACHUSETTS CHALLENGE 77 FOURTH AVENUE NEEDHAM MA 02494 NONE PC Health Research and Programs 100 PARENT TO PARENT INC PO BOX 494 WINCHESTER MA 01890 NONE PC Educational Awareness 100 PARTNERS IN HEALTH 888 COMMONWEALTH AVENUE BOSTON MA 02284 NONE PC Poverty Assistance Third World 100200 PHILLIPS EXETER ACADEMY 20 MAIN STREET EXETER NH 03833 NONE PC Educational Programming 100 PINE STREET INN INC 444 HARRISON AVENUE BOSTON MA 02118 NONE PC Community Homeless 100 PMC JIMMY FUND 10 BROOKLINE PLACE BROOKLINE MA 02445 NONE PC Health Research and Programs 200 PROJECT BREAD 145 BORDER STREET BOSTON MA 02128 NONE PC Community Welfare Program 100 SAINT JOSEPH PARISH SCHOOLS 1382 HIGHLAND AVENUE NEEDHAM MA 02492 NONE PC Community Enrichment Programs 500 WINCHESTER SENIORS ASSOC INC 109 SKILLINGS ROAD WINCHESTER MA 01890 NONE PC Elder Services 1000 SHARING A NEW SONG 23 FOREST STREET ARLINGTON MA 02476 NONE PC Cultural Enrichment Program 170 ST FRANCIS HOUSE 39 BOYLSTON STREET BOSTON MA 02116 NONE PC Community Welfare Program 125 ST MATTHIAS CHURCH 409 HEMENWAY ST MARLBOROUGH MA 01752 NONE PC Community Welfare Program 1000 SUPPORTIVE LIVING INC 400 WEST CUMMINGS PARK SUITE 6100 WOBURN MA 01801 NONE PC Brain Injury Residence 105000 THE HOME FOR LITTLE WANDERERS INC 271 HUNTINGTON AVENUE BOSTON MA 02115 NONE PC At risk youth housing 100 THE SEAN C ELMORE MEMORIAL FUND 8 FILLMORE DRIVE BILLERICA MA 01821 NONE PC Community Outreach 130 THE SMILE TRAIN 41 MADISON AVE 28th FLOOR NEW YORK NY 10010 NONE PC Health Research and Programs 125 TRUSTEES OF BOSTON UNIVERSITY 890 COMMONWEALTH AVE BOSTON MA 02215 NONE PC Educational Programming 410 TRUSTEES OF TUFTS COLLEGE 80 GEORGE STREET MEDFORD MA 02155 NONE PC Health Research and Programs 100000 TULANE UNIVERSITY 35 MCALISTER DRIVE SUITE 103 NEW ORLEANS LA 70118 NONE PC Educational Scholarships 10000 UNITED TO END GENOCIDE 1025 CONNECTICUT AVE NW SUITE 310 WASHINGTON DC 20036 NONE PC Community Awareness 20000 UNITED WAY 51 SLEEPER STREET BOSTON MA 02210 NONE PC Community Welfare Program 10000 VNA HOSPICE CARE INC 100 TRADECENTER SUITE G-500 WOBURN MA 01801 NONE PC Community Healthcare Program 3150 VNA OF MIDDLESEX EAST HOSPICE 607 NORTH AVE SUITE 17 WAKEFIELD MA 01880 NONE PC Community Healthcare Program 800 WGBH ONE GUEST STREET BOSTON MA 02135 NONE PC Educational Programming 120 WINCHESTER FOUNDATION FOR EDUCATION P O BOX 1005 WINCHESTER MA 01890 NONE PC Educational Programming 100 WINCHESTER HISTORICAL SOCIETY 15 HIGH STREET WINCHESTER MA 01890 NONE PC Cultural Enrichment Program 100 WINCHESTER HOSPITAL FOUNDATION 611 MAIN STREET WINCHESTER MA 01890 NONE PC Health Research and Programs 750 WINCHESTER MEALS ON WHEELS 104 SKILLINGS ROAD WINCHESTER MA 01890 NONE PC Community Welfare Program 500 WINCHESTER MULTICULTURAL PO BOX 346 WINCHESTER MA 01890 NONE PC Community Awareness 150 WINCHESTER SENIORS ASSOCIATION 109 SKILLINGS ROAD WINCHESTER MA 01890 NONE PC Elder Services 2000 WINTON CLUB PO BOX 714 WINCHESTER MA 01890 NONE PC Community Programing 100 WOBURN HIGH SCHOOLS SCHOLARSHIP PO BOX 202 WOBURN MA 01801 NONE PC Educational Scholarships 1000 WOBURN MEMORIAL HIGH ACADEMIC AWARD 88 MONTVALE AVE WOBURN MA 01801 NONE PC Educational Awareness 250 WRIGHT-LOCKE FARM CONSERVANCY INC PO BOX 813 WINCHESTER MA 01890 NONE PC Conservation Programs 125 YMCA CAMP BELKNAP FIC PO BOX 1546 WOLFEBORO NH 03894 NONE PC Youth Enrichment Program 250 769155 SENIOR FACILITY REVENUE 15797012 HOME HEALTH CARE REVENUE 2494700 VET SCHOOL REVENUE 56637349 14 1315 14 10224676 16 64957 14 50155010 17 13950758 01 30651 LOSS FROM PASS-THROUGH ACTIVITIES 523000 -50386 -50386 74427367 74929061 149306042 1a PART OF THE PRIMARY EXEMPT PURPOSE OF CUMMINGS FOUNDATION IS TO OPERATE TWO NOT-FOR PROFIT RESIDENTIAL INDEPENDENT AND ASSISTED LIVING FACILITIES FOR SENIORS. SENIOR FACILITY REVENUE IS INCOME FROM THE OPERATION OF SUCH FACILITIES. 1b PART OF THE PRIMARY EXEMPT PURPOSE OF CUMMINGS FOUNDATION IS TO PROVIDE HOME HEALTH CARE TO SENIORS. HOME HEALTH CARE REVENUE IS INCOME FROM THE PROVISION OF SUCH CARE TO SENIORS. 1c CUMMINGS FOUNDATION HAS ENTERED INTO A LONG-TERM AGREEMENT WITH TUFTS UNIVERSITY TO OPERATE ITS VETERINARY SCHOOL THROUGH A SUBSIDIARY CALLED VETERINARY SCHOOL AT TUFTS, LLC. CUMMINGS FOUNDATION WILL CONTRIBUTE AT LEAST $50 MILLION TO SUPPORT THE NEWLY-RENAMED CUMMINGS SCHOOL OF VETERINARY MEDICINE OVER THE NEXT 15-20 YEARS. THE IRS ISSUED A PRIVATE LETTER RULING ON MAY 6, 2004, CONFIRMING THAT THE DISTRIBUTIONS DIRECTED TO TUFTS UNIVERSITY AND THE EXPENSES CUMMINGS FOUNDATION INCURS IN OPERATING THE CUMMINGS SCHOOL CONSTITUTE QUALIFIED DISTRIBUTIONS DIRECTLY FOR THE ACTIVE CONDUCT OF CUMMINGS FOUNDATION'S EXEMPT PURPOSES. false false false false true false false false false 1b(3) 0 HEM REALTY INC SEE ATTACHED 1b(3) 0 NHC REALTY INC SEE ATTACHED true HEM REALTY INC 501(C)(2) A DIVISION OF CFI NHC REALTY INC 501(C)(2) A DIVISION OF CFI X X 1 William S Cummings 200 West Cummings Park Woburn MA 01801 200000 X 2 Patricia A Cummings 200 WEST CUMMINGS PARK WOBURN MA 01801 19388 X 3 Patricia A Cummings 200 West Cummings Park Woburn MA 01801 698070 X 4 Estate of John Forsyth 200 West Cummings Park Woburn MA 01801 86095 X 3 50,000 SHS BANK HAPOALIM BM 51334 3 98,000 shs CD GOLDMAN SACHS BK USA 106000 3 8,356 SHS PUTNAM MSTR INTMDT INCOME 42950 3 6,000 SHS CITI GROUP TRUST IX 150840 3 3,000 SHS MORGAN STANLEY CP TR III 75210 3 17,286 SHS PRUDENTIAL NATIONAL MUNI 271736 Part VII-A, Question 11; Part III, Line 5; and Part VII-B, Question 5c Part VII-A, Question 11; Part III, Line 5; and Part VII-B, Question 5c Attachment to Form 990-PF During 2013, Cummings Foundation, Inc. transferred $11,560,219.76 to OneWorld Boston, Inc. This transfer is a partial distribution pursuant to a larger plan to transfer substantial assets of the Cummings Foundation under 507(b)(2) for the creation of an endowment in support of OneWorld Boston. Expenditure Responsibility Statement for the year 2013 Pursuant to IRC Regulation Sec. 53.4945-5(d)(2), Cummings Foundation, Inc. (Cummings Foundation) provides the following information: (i) Controlled Entity: OneWorld Boston, Inc. (OneWorld Boston) 200 West Cummings Park Woburn, MA 01801 (ii) Amount of Transfers: $50,000 March 25, 2013 $100,000 April 11, 2013 $100,000 April 18, 2013 $5,000,000 June 28, 2013 $6,310,219.76 December 5, 2013 ___________ $11,560,220 TOTAL IN 2013 (iii) Purpose of Transfers: Endowment in support of OneWorld Boston (EIN 80-0681389), a grant-making private foundation qualified under IRC sec. 501(c)(3), and a controlled entity of Cummings Foundation, within the meaning of IRC sec. 512(b)(13). (iv/vi) Reports: OneWorld Boston submitted a full and complete report of its expenditure of the 2013 year transfers on October 10, 2014. The report reflected that of the $11,560,219.76 received during the year, $4,821,320.33 was expended on grants to public charities, $35 was expended on fees, and $6,738,864.43 was retained for addition to an endowment or the payment of future OneWorld Boston grants. (v) Diversions: To the knowledge of transferor Cummings Foundation, no funds have been diverted to any activity other than the activity for which the transfer was originally made. (vii) Verification: Cummings Foundation has no reason to doubt the accuracy or reliability of the report from OneWorld Boston; therefore, no independent verification of the report was made. FORM 990-PF, PART IX-A FORM 990-PF, PART IX-A SUMMARY OF DIRECT CHARITABLE ACTIVITIES New Horizons at Choate - $3,504,075. Established in 1990 and accommodates 125 seniors. The facility is located in Woburn, MA. Formerly the Choate Memorial Hospital property. This property was converted to a retirement community which includes suites for independent living and assisted living units. New Horizons at Marlborough - $7,773,538. Established in 1993 and accommodates approximately 500 residents at its Marlborough, Massachusetts campus. Both facilities have the ability to accommodate active and independent seniors, seniors requiring assistance with activities of daily living (assisted living residents) and seniors suffering from Alzheimer's disease. Cummings School of Veterinary Medicine - $59,158,226. Cummings Foundation has entered into a long-term agreement with Tufts University to operate its veterinary school through a subsidiary called Veterinary School at Tufts, LLC. Cummings Foundation will contribute at least $50 million to support the Cummings School of Veterinary Medicine over the next 15-20 years. The IRS issued a Private Letter Ruling on May 6, 2004, confirming that the distributions to Tufts University and the expenses Cummings Foundation incurs in operating the Cummings School constitute qualified distributions directly for the active conduct of Cummings Foundation's exempt purposes. Institute for World Justice, LLC ("IWJ") (EIN 80-0690363) - $0. The principal purpose of IWJ is to promote more serious study of the holocaust, genocides, and injustices of all kinds in a core group of New England schools. IWJ was established to serve as an active coordinating organizaton that makes programming available to participating schools, and assists each such school in tailoring a program to that schools particular needs. Organized as a single-member LLC (and disregarded entity of Cummings Foundation, Inc.) On February 18, 2011, IWJ had no revenues or expenditures, nor did it acquire any assets or incur any liabilities in 2013. The IRS issued a determination letter on December 9, 2011, confirming IWJ was likely to qualify as a private operating foundation described in section 4942(j)(3) of the internal revenue code. FORM 990-PF, PART XVII, LINE 1D FORM 990-PF, PART XVII, LINE 1D DESCRIPTION OF RENTAL OF FACILITIES Reporting Organization has a division called New Horizons at Marlborough, LLC (EIN: 75-3031923) ("NHM"). NHM is lessee of real property from HEM Realty, Inc. (EIN: 30-0553220) ("HEM Realty"), which it uses in operations. HEM Realty is a 501(c)(2) title holding company that is related to Reporting Organization. Because HEM Realty holds title for Reporting Organization, and consistent with its purposes would turn over any rent it collects to Reporting Organization, HEM Realty waives payment of rent from Reporting Organization's division, NHM. Reporting Organization has a division called New Horizons at Choate, LLC (EIN: 75-3031909) ("NHC"). NHC is lessee of real property from NHC Realty, Inc. (EIN: 30-0553218) ("NHC Realty"), which it uses in operations. NHC Realty is a 501 (c)(2) title holding company that is related to Reporting Organization. Because NHC Realty holds title for Reporting Organization, and consistent with its purposes would turn over any rent it collects to Reporting Organization, NHC Realty waives payment of rent from Reporting Organization's division, NHC. 3M COPMPANY 185875 318087 AARON'S INC SHS A 301551 351595 ACUITY BRANDS INC 395428 776172 ADIDAS AG SPONSORED ADR 459487 727919 AEON COMPANY LTD ADR AERCAP HOLDINGS N.V. SHS AFFILIATED MANAGERS GRP 476811 1112594 AFLAC INC COM 4294845 6680000 AGCO CORP COM AGRICULTURAL BANK OF CH 258159 293984 AGRIUM INC 63902 94620 AIR METHODS CRP COM$0.06 144153 616566 AIRGAS INC COM 302870 364295 ALBEMARLE CORP COM ALLIANZ SE SPD ADR 185389 233478 ALLIED WORLD ASSURANCE AMERICA MOVIL SAB DE ADR AMERICAN EAGLE OUTFITTERS AMETEK INC NEW 257067 401293 AMGEN INC COM PV $ .0001 103112 204203 ANHEUSER-BUSCH INBEV ADR 746628 863816 ANSYS INC COM APPLE INC 5673168 9048131 APPLIED MICRO CIRCUITS 98886 198439 APTARGROUP INC 399293 644737 ARCHER DANIELS MIDLD 186561 275807 ARM HLDGS PLC SPD ADR 238941 459905 ASCENA RETAIL GROUP INC ASML HLDG N.V. NEW YORK 218062 281756 ASSA ABLOY AB ADR 422126 697275 ASTRAZENECA PLC SPND ADR 449418 592513 AT&T INC 5005570 6680400 AUST NW Z B G ADR 231661 386734 AUTOMATIC DATA PROC 3665984 8079900 AXIS CAPITAL HOLDINGS 204297 344502 BAE SYS PLC SPN ADR 328573 434078 BAIDU INC SPON ADR 639010 1003065 BAKER HUGHES INC 272341 290336 BANCO BRADESCO S A ADR 1008402 834598 BANCOLOMBIA S.A. SPDS ADR 257655 203482 BANK OF THE OZARKS INC 122459 465396 BARCLAYS PLC ADR 181090 239642 BASKET CLIRN ISSURER BAC 7960000 9664000 BAXTER INTERNTL INC 3038447 4173000 BAYER AG SP ADR 389805 582484 BECTON DICKENSON & CO BECTON DICKINSON CO 182159 271805 BG GROUP PLC SP BG GROUP PLC SPON ADR 367525 441175 BG GROUP PLC SPON ADR BIO RAD LABS CL A 499065 656987 BIO REFERENCE LABS0,01 NEW BLACK HILLS CORP BLACKBAUD INC 342540 588771 BLACKROCK INC 7443292 13418328 BLUE NILE INC 208124 241336 BOEING COMPANY 5267172 10919200 BRAZIL STARS ISSUER BAC BRITISH AMN TOBACO SPADR 730654 743991 BRUKER CORP 258714 323833 BUFFALO WILD WINGS INC 97425 213882 BURBERRY GROUP PLC-SP ADR 232406 273779 CANADIAN NATL RAILWAY CO 327168 597570 CANON INC ADR REP5SH CAP GEMINI SP ADR 135145 243424 CARLISLE COS INC 389058 691892 CARLSBERG AS SPONSOREDAD 751048 854983 CARMAX INC 228230 454495 CARNIVAL CORP PAIRED SHS 346768 387199 CARRIZO OIL & GAS INC CAVIUM INC 411215 551884 CENTENE CORP 292682 482977 CEPHEID INC CALIF COM CGI GROUP INC 130907 229402 CHECK POINT SOFTWRE TECH CHEESECAKE FACTORY INC 269411 536762 CHEVRON CORP 205725 240202 CHICAGO BRDG & IRON CO NV CHIMERA INVESTMENT CORP CHINA MOBILE LTD SPN ADR 855935 851229 CHINA PETE CHEM SPN ADR 320603 341334 CHINA PETE CHEM SPN ADR CHUNGHWA TELECOM CO LTD 132131 125945 CHURCH & DWIGHT CO INC 433357 693554 CIA BRA DIS PAO ADS REGS 178757 189088 CIELO S A SPONSORED ADR 347792 425880 CISCO SYSTEMS CISCO SYSTEMS INC COM 2713586 3178264 CITY NATIONAL CORP 417836 709970 CLARCOR INC 456295 639317 CNOOC LTD ADR 277661 296503 COCA COLA COM 2468165 4131000 COGENT COMMUNICATIONS 243368 469887 COLUMBIA SPORTSWEAR CO 198101 332404 COMCAST CORP COMCAST CORP NEW CL A 5191046 12991250 COMMVAULT SYS INC 61315 397218 COMP DE BEBIDAS SPN ADR COMPANHIA D SNMNTO BSCO D 371646 563496 COMPANHIA ENERG DE ADR COMPASS MINERALS INTL COPA HOLDINGS S A CL A COPART INC 271708 403883 COPEL PARANA ADR PREF B 446623 349603 CORPORATE EXEC BOARD CO 153134 506237 CREDICORP LTD COM PV $5 246187 264531 CREDICORP LTD COM PV $6 CULLEN FRST BKRS PV$0.01 234066 305386 CVS CAREMARK CORP 4607921 8588400 D R HORTON INC 172347 262238 DAIHATSU MOTOR UNSPOND DAITO TR CONSTRUCTION CO DANAHER DARLING INTERNATIONAL INC DASSAULT SYS SA SPN ADR 121876 202858 DEAN FOODS CO NEW DENTSPLY INTL INC 593266 813204 DEUTSCHE BK AG REG SHS 251216 258180 DEUTSCHE BOERSE AG SHS 240156 358405 DEVON ENERGY CORP NEW 271273 266907 DIAGEO PLC SPSD ADR NEW DIAGEO PLC SPSD ADR NEW DJIA STEPUPEN ISSUER BAC 3000000 4122900 DOMTAR CORP SHS DR REDDY'S LAB LTD ADR 197302 248355 DRESSER RAND GROUP INC DRIL QUIP 565567 867018 DRILL QUIP DUPONT EI DE NEMOURS 210856 292430 EATON CORP PLC 208960 310417 EATON VANCE CORP N 261679 441850 ECOPETROL SA SPON ADR 81656 69748 ELDORADO GOLD CORP NEW 131584 55147 ELEKTA B SHS UNSPOND ADR ELI LILLY & CO 6083328 6630000 EMBRAER S A SPONSRD ADR 170687 235397 EMC CORPORATION MASS ENERGIZER HOLDINGS INC COM 151936 231742 ENERGY XXI LTD NEW COM ENERSIS S A SPON ADR ENI SPA SPNSORED ADR 206834 216993 EQUIFAX INC 382681 641708 EURASIA DRILG CO GDR REG 107485 139185 EXPRESS INC EXXON MOBIL CORP COM 5733091 8931507 FACTSET RESH SYS INC 272853 400443 FAIR ISAAC CORPORATION 379450 772178 FANUC LTD-UNSP 450023 666284 FEDEX CORP DELAWARE COM 7349784 10092223 FIRST REP BK SAN FRNCISC 541373 924972 FLEXTRONICS INTL LTD FLIR SYSTEMS INC 310659 399878 FLSMIDTH AND CO A/S ADR FOCUS MEDIA HLDG LTD ADR FORD MOTOR CO 128716 180099 FOREST CITY ENTRPRS CLA 232330 396764 FRAC KINDER MORGAN MGMT 81 107 FUJI HEAVY INDS LTD ADR FRESENIUS MEDICAL CARE 262871 348471 FRONTIER COMMUNICATIONS 381480 431832 FUJI HEAVY INDS LTD ADR GARTNER INC 556813 824890 GENERAL ELECTRIC 203376 328399 GENERAL MILLS 209955 267118 GENL DYNAMICS CORP CON 5294434 7930650 GENTEX CORP 445794 709334 GILEAD SCIENCES INC COM 96781 363033 GOLDEN AGRI-RES LTD ADR 330519 277598 GOOGLE INC GOOGLE INC CL A 4862620 11622883 GRACO INC 224961 504343 GREAT LAKES DREDGE DOCK 272831 338054 GRUPO FIN BANORTE-SPON 168873 223205 GRUPO TELEVISA SA ADR 436690 522439 HAIN CELESTIAL GROUP INC 508104 752022 HANG LUNG PROPERTIES ADR HCC INS HOLDING INC 628702 908543 HDFC BANK LTD 188335 204952 HENNES AND MAURITZ AB- 213455 320710 HERBALIFE LTD HERSHA HOSPITALITY TR A SBI HITACHI LTD 10 NEW HITACHI LTD 10 NEW ADR 324997 441955 HITTITE MICROWAVE CORP 291160 298773 HON HAI PRECISIONS GDR HONG KONG EXCHANGES AND 228078 196875 HUMANA INC HUNT JB TRANS SVCS INC 320436 522780 HYUNDAI MTR GDR REGS 233888 357009 ICICI BANK LTD SPD ADR 265717 303196 IDEX CORP DELAWARE COM 618159 1266601 IMPERIAL TOB GRP SPS ADR 587747 637407 INDUSTRL AND COMMRCL BNK 724584 705182 INFORMA PLC UNSP ADR 255045 343538 ING GP NV SPSD ADR 319229 417484 INSULET CORP 168387 333566 INTERPID POTASH INC INT'L BUSINESS MACHINES 295178 296361 INTREPID POTASH INC INTUIT INC COM 184968 264067 ISRAEL CHEMICALS-UNSPON 146363 116046 ITAU UNIBANCO BANCO HOLD 276420 218789 ITC HLDGS CORP 300643 402540 JACK HENRY & ASSOC INC 237850 508495 JACOBS ENGN GRP INC DELA 201692 303360 JP MORGAN CHASE & CO JPMORGAN CHASE & CO 7006026 10455288 KDDI CORP SHS 289360 393226 KIMBERLY CLARK DE MX SAB 157440 178049 KINGFISHER PLC SP ADR KINGFISHER PLC SP ADR KIRBY CORP COM 444260 929675 KOC HLDG AS-UNSPON 245927 237551 KOMATSU NEW SPNSDADR KOMATSU NEW NEW SPNSDADR 762501 655082 KORN/FERRY INT'L PV $.10 191273 292675 KRAFT FOODS INC VA CL A 2219949 3593964 LABORATORY CP AMER HLDGS 196103 212344 LAS VEGAS SANDS CORP 196433 347974 LI & FUNG LTD-UNSP ADR LKQ CORP 538197 1146170 LUKOIL SPONSORED ADR 186336 195609 LVMH MOET HENNESSY ADR 350744 520085 MAGNA INTL INC CL A VTG 87005 182337 MAGNIT OJSC 140121 226603 MAHINDRA & MAHINDRA GDR 70337 67466 MANULIFE FINANCIAL CORP 342040 452073 MARATHON OIL CORP MARATHON OIL CORP. 4206433 6372921 MARATHON PETROLEUM CORP MARKEL CORP COM 922953 1395742 MARKS & SPENCER GP ADR 163207 196734 MC GRAW HILL COMPANIES MCDONALDS CORP CON 3864215 6792100 MCEWEN MINING INC. MERCADOLIBRE INC 127005 188956 MERCK KGAA METTLER-TOLEDO INTL INC 193699 354667 MFA FINANCIAL INC 405532 399003 MICROS SYSTEMS INC 257266 308020 MICROSOFT MINDRAY MED INTL SPN ADR 258605 227505 MITSUBISHI UFJ FINL GRP 315598 371749 MITSUI CO ADR 407671 375560 MIZUHO FINL GROUP INC 247995 320974 MOBILE MINI INC 148222 406035 MORGAN STANLEY 171282 319276 MORNINGSTAR INC 759719 1065538 MTN GROUP LTD-SPONS ADR 195919 217728 MWI VETERINARY SUPPLY IN 62006 287412 NESTLE S A REP RG SH ADR 446626 625957 NETEASE.COM INC ADR 154010 225661 NETGEAR INC NEW ORIENTAL EDUCATIO 117224 175612 NII HLDGS INC CL B NIPPON TELG&TEL SPDN ADR NITTO DENKO CORP ADR 256629 267052 NOVARTIS ADR 1006587 1383179 NOVO NORDISK A S ADR 836444 1194473 NTELOS HOLDINGS CORP OAO GAZPROM SPON ADR OCEANEERING INTL INC 226310 500888 OJSC OC ROSNFT SP GDR RE 163422 170085 ORACLE CORP $0.01 DEL 5969942 8799800 O'REILLY AUTOMOTIVE INC 228224 318300 PACCAR INC 209216 285436 PALL CORP PV $0.10 206246 316819 PEARSON SPONSORED ADR 223123 264723 PEPSICO PEPSICO INC 4324053 7361174 PETRLEO BRAS VTG SPD ADR 296205 234618 PETRLEO BRAS VTG SPD PETROFAC LTD PFIZER INC 5254960 9495300 PFIZER INC DEL PV$0.05 PHILPPNE L D TEL ADR 168841 158191 PIER 1 IMPORTS INC DEL 189149 265397 POSCO SPN ADR 176979 171990 POTASH CORP SASKATCHEWAN POWER INTEGRATIONS 326684 624347 PRAXAIR INC 206516 263181 PRINCIPAL FINANCIAL GRP 155148 313513 PROTECTIVE LIFE CORP COM 244145 725147 PT UNITED TRACTORS TBK PUBLICIS GROUPE SPON ADR 627586 976501 PVH CORP QLIK TECHNOLOGIES INC 372731 440034 QUALCOMM INC 1807269 2109294 RANDGOLD RESOURCES ADR 65921 44972 RBC BEARINGS INC 126604 349929 RECKITT BENCKISER GROUP 239598 393111 REDWOOD TRUST INC 183779 297775 REED ELSEVIER N V 356063 501057 RELIANCE STL & ALUM CO 269933 376318 RENAISSANCERE HLDGS LTD PER 131143 221059 RIO TINTO PLC SPNSRD ADR 447736 465491 ROGERS COMMUNICATIONS B 276622 282043 ROSETTA RESOURCES INC. 540528 633071 ROYAL DUTCH SHELL PLC 836548 924372 RYANAIR HLDGS PLC 207328 274540 SABMILLER PLC SPON DR 468048 595515 SAGE GROUP PLC UNSP ADR 134200 221960 SALESFORCE COM INC 1187259 6622800 SALLY BEAUTY HLDGS INC 515768 797649 SANOFI ADR 602059 781550 SANOFI AVENTIS SPON ADR SAP AG SHS 1050279 1225798 SASOL LTD SPONSORED ADR 522796 571790 SBA COMMUNICATIONS 192245 491335 SBERBANK SPONSORED ADR 341216 365485 SCHEIN (HENRY) INC COM 462615 864034 SCHLUMBERGER LTD 6370502 8534138 SEADRILL LTD SEI INVT CO PA PV $0.01 316192 597182 SEMPRA ENERGY 114941 191458 SEVEN AND I HOLDINGS CO 285033 386664 SHINHAN FINL GRP SP ADR SHOPRITE HOLDINGS LTD 207860 194009 SIEMENS AG ADR 224297 386027 SIEMANS AG SIGNET JEWELERS LTD SHS 220472 253257 SILICONWARE PRECSN SPADR 149790 178551 SK TELECOM ADR SK TELECOM ADR SOCIEDAD Q&M CHLE SPDADR SOFTBANK CORP SHS SOHU COM INC SOLERA HOLDINGS INC 278471 373471 SOUTHERN COPPER CORP 149296 129023 STARBUCKS CORP 4594815 7839000 STARWOOD PPTY TR INC 465450 653166 STATE STREET CORP 161778 290184 STATOIL ASA SHS 445457 476230 SUMITOMO MITSUI-UNSPONS 347242 561823 SVENSKA C AKTI SPONS ADR 114450 270601 SWATCH GROUP AG UNSPOND 302939 463240 SWEDBANK A B ADR 330221 434162 TAIWON MANUFACTURING ADR TAIWAN S MANUFCTRING ADR 986425 1111469 TATA MOTORS LTD ADR 443156 534811 TEAM HEALTH HOLDINGS INC 198740 344540 TECHNIP SP ADR TELEFONICA BRASIL SP ADR TELEKOMUNIKASI INDONESIA 117276 107514 TELSTRA CORP ADR TELSTRA CORP ADR TENCENT HOLDINGS LTD ADR 331038 750944 TEVA PHARMACTCL INDS TEVA PHARMACTCL INDS ADR 4431532 4690803 THERMO/FISHER SCIENTIFIC 2257345 6681000 TIME WARNER CABLE INC 121665 269374 TORONTO DOMINION BANK 159451 374133 TOYOTA MOTOR CORP ADR 524908 699699 TRANSDIGM GROUP INC 297002 411889 TULLOW OIL PLC SHS 262342 187146 TURKIYE GRTI BK SPN ADR 110916 91016 TW TELECOM INC 169587 258538 UMPQUA HLDGS CORP ORE 366902 553567 UNILEVER PLC NEW ADR 367649 390741 UNION PACIFIC CORP 3096739 8400000 UNITED NAT FOODS I 203389 500439 UNITED TECHS CORP COM UNITED TECHS CORP COM 4052550 8868206 UNIVERSAL HEALTH SVCS B 269665 605062 UNTD OVERSEAS BK SPN ADR 301341 363937 VAIL RESORTS INC 293398 558357 VALE SA 895001 678076 VALEO SPONSORED ADR 183733 412459 VALIDUS HOLDINGS LTD VARIAN MEDICAL SYS INC 253922 365920 VERISK ANALYTICS INC VERIZON VERIZON COMMUNICATIONS COM 5942776 8697780 VODAPHONE GROP PLC SP ADR VOLKSWAGEN A G SPONS ADR 432002 589629 W R BERKLEY CORP 438059 485361 WADDELL & REED FINL A 352388 664159 WAL-MART DE MEX SPNADR V 102617 99622 WAL-MART STORES INC. 4031185 6295200 WASTE CONNECTIONS WATERS CORP 220215 256300 WELLS FARGO & CO NEW DEL 195827 341907 WHITE MTNS INS GRP LTD 419726 625394 WILEY JOHN & SONS CL A WINTRUST FINL CP ILL COM WOORI FIN HLDGS CO S ADR WUXI PHARMATECH CAYMAN YAMANA GOLD INC 462867 367290 YANDEX N V CL A 367545 579419 YANZHOU COAL MNG SPD ADR YUM BRANDS INC 319256 358921 ANNALY MTG MGMT INC BANK OF AMERICA 6% - BAC VIII BB&T CORPORATION 1000000 859200 BCF CAPITAL TRUST II 1000000 1091588 CITIGROUP CAP IX 6% 428460 451800 CITIGROUP CAP X 6.1% CITIGROUP CAP XI 6% 1000000 995200 CORP BK TRST 7% PFD COUNTRYWIDE CAPITAL IV 275000 273790 COUSINS PROPERTIES CO 375000 376575 DUKE REALTY CORP 375000 339750 FINL SECURITY ASSUR HLGS 250000 192428 FORD MOTOR GECC STEP UP PINES - GEP GENERAL ELECT CAP CORP -6.625% GECC 6.1% PINES - GEC GMAC 7.375% - GOM 1000000 1015600 GOLDMAN SACHS GRP 6.2% 1000000 900000 GOLDMAN SACHS GRP 6.5%, 11/1/ 250000 252300 HSBC FINANCE CORP 6.2% 1000000 916000 HSBC FINANCE CORP 6.36% ING GROUP N V PERP 6.2% 375000 351750 ING GROUP N V PERP 6.2% 550000 556280 ING GROUP N V PERP 7.2% JP MORGAN CAP XVI 6.35% JP MORGAN CHASE CAP XI 5.875% KILROY REALTY CORP. 375000 328950 MORGAN STANLEY CAP IV 6.25% 500000 473600 MORGANSTANLEY 6.6% TR PFD CAP 1000000 982000 MORGANSTANLEY TRV 5.75% 500000 447400 NPB CAPITAL TRUST RBS CAP FDG TR VI 250000 208900 SLM CORP 6% PFD 500000 371600 VORNADO REALTY TR 6.625% 375000 344250 MANAGERS CADENCE CAPITAL 939854 1335091 OPPENHEIMER DEVELOPING 16570001 20728345 OPPENHEIMER DEVELOPING MKTS RS GLOBAL NATURAL 5000000 4994290 SECTOR SPDR TR SBI ENERGY 1403404 2655300 ASML HLDG NV NY REG SHS ACCENTURE PLC SHS 190708 235396 AIA GROUP LTD 349812 453899 ASSOC BRIT FOODS ADR NEW 142350 238471 ATLANTIA SPA SHS 261405 342185 AVAGO TECHNOLOGIES LTD 222221 356299 BANK MANDIRI TBK-UNSPON 256253 234427 BANK OF MONTREAL BANK OF NOVA SCOTIA BAYERISCHE MOTORENWERKE 352601 444968 BHP BILLITON LTD ADR 418096 415270 BIDVEST GROUP LTD ADR 155824 174154 BNP PARIBAS SPONSORD ADR 382418 524143 BOK FINCL CORP NEW BONANZA CREEK ENERGY INC 99762 163795 BRITISH SKY BDCT SPD ADR 286640 309884 BT GROUP PLC ADR CIE GENERALE DES 230746 317859 CINEMARK HLDGS INC 401043 498350 COGNIZANT TECH SOLUTNS A COLONY FINANCIAL INC COMPASS GROUP PLC ADR 554979 734144 DSW INC 282914 380212 DU PONT E I DE NEMOURS EEM STARS ISSUER BARC ENSCO PLC SHS CL A 165873 154786 EXPERIAN PLC SP ADR 294341 306141 EXPRESS SCRIPTS HLDG CO 5236797 6986281 FACEBOOK INC 4858341 9563575 FORTINET INC 228149 231052 GETINGE AB SHS 162490 149416 HANG SENG BK LTD SPN ADR HARRIS TEETER HSBC HLDG PLC SP ADR 1000000 988000 HSBC HLDG PLC SP ADR 988487 1081375 LARSEN&TOUBRO REG S GDR 144533 170848 LIXIL GROUP CORPORATION 221826 283713 LLOYDS BANKING GROUP PLC 218803 377012 MATTRESS FIRM HLDG CORP 348860 525260 MONDELEZ INTERNATIONAL 4106532 7060000 NETLEASE.COM INC ADR OAO NOVATEK ORICA LTD-UNSP ADR PETROLEUM GEO SVS SP ADR 183681 139821 POLYPORE INTL INC 289597 296496 PROSPERITY BANCSHARES 388812 572665 PRUDENTIAL PLC ADR 415576 630855 RED ELECTRICA CORP SUSPN T 236037 291250 REXAM PLC-NEW NEW ADR REXNORD CORP NEW ROYAL BK SCITLAND GR ADR ROYAL DUTCH SHEL PLC 265637 294206 SABMILLER PLC SPON ADR SAMPO PLC SHS 259515 398876 SAMSUNG ELECTR-GDR REG 478623 559018 SANDS CHINA LTD UNSP ADR 240316 444291 SANDVIK AB ADR SEGA SAMMY HOLDINGS INC 150784 179946 SIGNATURE BANK 268088 420764 SINA CORPORATION 89538 126207 SYNGENTA AG ADR 515127 516652 TAIWON MANIFACTURING ADR TAIWON S MANUFACTURING ADR TELEDYNE TECH INC WEX INC 155604 303824 WOLSELEY PLC SHS ADR 239128 280354 WOODWARD INC YAHOO JAPAN CORP SHS 234817 350647 ZURICH INSURANCE GROUP 347788 538100 ASSA ABLOY AB ADR BANCO BRADESCO SA ADR A N S Y S INC COM 420200 711203 ABB LTD SPON ADR 250985 285122 ADVANCED SEMICOND SPNADR 83850 99317 AMADEUS IT HLDG SA SHS 116130 149114 AMADEUS IT HOLDING-UNSP 350350 513000 AMBEV SA SHS ADR 248004 249202 AMCOR LTD AUS ADR NEW 161822 176723 ANHUI CONCH CEMENT CO'H' 72801 78468 ANNALY CAPITAL MANAGEMT 500000 488000 BAC CAPITAL TRUST VIII 1000000 994400 BANCO BILBAO VIZCAYA 205780 228942 BANCO DO BRASIL SA-SPON 60907 63305 BANK HAPOALIM B M 49150 49044 BANKRATE INC DEL COM 237698 228233 BASF SE NAMEN -AKT 70467 83255 BELLE INTERNAT-UNSPON AD 148501 109766 BIF MONEY FUND 30611 30611 BOC HONG KONG HLDGS ADR 358039 347505 BRAMBLES LTD SHS 206375 204889 BROADSOFT INC 203482 221456 BUNZL PLC ADR 254610 323246 CAPSTEAD MORTGAGE CP NEW 221549 229991 CD GOLDMAN SACHS BK USA 103913 106562 CENCOSUD SA SHS ADR 95793 73834 CENOVUS ENERGY INC 134939 120101 CENTRICA PLC 328838 346147 CHANGYOU.COM LTD ADR 79072 88939 CHATHAM LODGING TR 234187 243498 CHEUNG KONG HLDG ADR 216478 221261 CHICOS FAS INC COM 363983 392136 CHIMERA INVESTMENT CORP 361332 403443 CHINA CONSTRUCT UNSPN AD 346524 352905 CHINA OILFIELD SRVS HSHS 99960 130271 CHINA SHIPPING CONTAINER 48273 47940 CIE FINANCIERE RICHEMONT 191776 208620 CIRCOR INTERNATIONAL INC 271562 415936 COCA COLA AMATIL SPD ADR 153025 111301 CONWERT IMMOBILIEN INVES 46611 53000 CORE LAB N.V. COM 198326 254345 CORNERSTONE ONDEMAND INC 276928 297481 CORP-BACKED TRUST CERTS 121504 126550 CRANE CO DELAWARE 337253 358443 CREDIT SUISSE GP SP ADR 79576 80332 CURTISS WRIGHT 309249 413767 DAIKIN INDUSTRIES LTD 196703 285613 DAIWA HOUSE IND LTD ADR 343244 331465 DAPHNE INTL HOLDINGS LTD 45821 27601 DECKERS OUTDOORS CORP 205505 358955 DENSO CORP 6902 163743 180696 DENSO CP UNSPONSORED ADR 142244 186843 DEUTSCHE BK REGD NPV 52513 55815 DEUTSCHE POST AG SHS 120587 181298 DEUTSCHE TELE AG SPN ADR 158329 209070 DIAGEO PLC SPSD ADR NEW 89406 180224 DIAGEO 147706 154163 DICKS SPORTING GOODS INC 223711 269061 DJIA STEPUP ISSUER BAC 4975000 5165000 DNB NOR ASA 141624 151191 DONALDSON CO INC 343764 387098 EAST WEST BANCORP INC 479658 501994 ENCANA CORP 129071 126350 ERICSSON AMERICAN 171532 168667 ERSTE GROUP BANK AG 90712 90086 EUROPEAN AERONAUTIC 241078 277522 EVEREST RE GROUP LTD 121381 136698 FOMENTO ECNMCO MEX SPADR 127407 110691 FRESENIUS SE& CO-SPN ADR 128174 129251 GALAXY ENTMT GROUP LTD 113301 243276 GLOBAL PMTS INC GEORGIA 325003 425230 HCA HOLDINGS INC SHS 4529660 5486650 HITACHI CORP 6501 87440 103148 HONEYWELL INTL INC DEL 7096262 8223300 HSBC HOLDINGS PLC 72504 71069 HUTCHISN WHAMPOA ADR 209715 262806 ICON PLC 127769 131837 IDEXX LAB INC DEL $0.10 298951 361871 IMAX CORP 302911 356384 INDUSTRIAL AND COML BK H 49459 48441 INTERXION HOLDING N.V 368314 335781 INTESA SANPAOLO SPON ADR 218295 233384 INTRPUBLIC GRP OF CO 204847 278952 ISUZU MTRS LTD ADR 342320 347227 JARDINE STRATGIC UNSP AD 104734 91241 KEPPEL LTD SPONS ADR 216982 211102 KINGFISHER PLC SP ADR 394711 661530 KOMERCNI BANKA AS 56388 56529 KONE OYJ SHS CL B 176582 184190 KUBOTA CORP ADR 249262 278221 KYTHERA BIOPHARMACEUTICL 252396 205350 PLC SPON ADR 119507 108713 LULULEMON ATHLETICA INC 314094 274312 MAKITA CORP SPOND ADR 302034 272208 MALAYAN BKG BERHAD SPONS 202814 184207 MEDIOLANUM SPA SHS 231619 257946 MOBILE TELESYS OJSC ADR 84158 88077 MOLINA HEALTHCARE INC 364959 337527 MONSANTO CO NEW DEL COM 5773364 6643350 MORGAN STANLEY CP TR III 61950 71970 NIKKEI STEPUP ISSUER BAC 4975000 5325000 NIPPON STEEL SUMITOMO 83801 89629 NOKIA CORP SPON ADR 93758 93954 NORSK HYDRO ASA (NO) 58334 60111 NQ MOBILE INC 86673 93918 ORANGE ADR 196802 195488 ORIENT OVERSEAS (INTERNA 104699 85240 PACIFIC RUBIALES ENERGY 297508 250683 PACIRA PHARMACEUTICALS I 342643 382423 PEBBLEBROOK HOTEL TRUST 275193 345004 PT INDOFOOD SUKSES (SL) 48878 45496 QIWI PLC CL B ADR 54227 110096 REXAM PLC SHS ADR 321843 398288 ROADRUNNER 265068 265296 ROCHE HLDG LTD SPN ADR 705469 834818 ROCHE HOLDINGS GENUSH FN 135043 148508 ROY DUT SHELL PLC A AMST 59764 66858 SCHNEIDER ELEC SA ADR 162413 185855 SCHOELLER BLECKMAN 130701 129102 SECOM CO LTD 9735 114419 117263 SEMGROUP CORP 389879 445456 SEMTECH CORPORATION 311854 232601 SERCO GROUP PLC-UNSPON 80313 84697 SHIRE PLC 155490 196125 SHIRE PLC-ADR 190875 278906 SMITH-NPHW PLC SPADR NEW 191734 238249 SOCIETE GENERALE A SH 73675 90582 SODASTREAM INTERNATIONAL 283250 236733 SPIRIT AIRLS INC COM 316752 430124 SUBSEA 7 SA 100000 91148 SUMITOMO MITSUI TR HLDGS 468433 479755 SUNCOR ENERGY INC NEW 237945 274371 SUPERIOR ENERGY SVCS INC 397297 385073 SUSSER HOLDINGS CORPORAT 220601 283899 SX5E STEPUP ISSUER BAC 5970000 5958000 SX5E STEPUP ISSUER HSBC 4975000 5645000 SYMETRA FINANCIAL CORP 316179 345698 TARGA RESOURCES CORP 279041 416780 TELENOR ASA ADR 173033 179999 TENARIS S A ADR 79048 75671 TESCO PLC SPNRD ADR 347559 335975 TOTAL S.A. SP ADR 264253 316705 TRANSCANADA CORP 213891 208666 TRANSOCEAN LTD 87273 90883 UBS AG REG 131237 144741 UNILEVER NV NY REG SHS 190870 196161 UNILEVER PLC 70406 71405 UNITED INDUSTRIAL CORP 158641 152606 VANTIV INC CL A 514144 718333 WEICHAI PWR CO LTD 87557 91657 WEST CORP SHS 283150 353872 WHITING PETROLEUM CORP 252096 300564 WPP PLC NEW/ADR 306681 441981 60W 5200000 5200000 050 3860000 3860000 038 1600000 1600000 041 2250000 2250000 092 11440000 11440000 MHA 7409869 7409869 175 3700000 3700000 165 3700000 3700000 155 3800000 3800000 RBS 456200 456200 34A 1600000 1600000 34C 10500000 10500000 142 12000000 12000000 18C 8600000 8600000 10C 9000000 9000000 101 2800000 2800000 340 2100000 2100000 260 4700000 4700000 MED 27200000 27200000 196 5700000 5700000 MER 1000000 1000000 475 2200000 2200000 10R 3800000 3800000 025 2900000 2900000 021 2600000 2600000 150 3600000 3600000 10H 1400000 1400000 02H 6200000 6200000 800 16700000 16700000 500 11300000 11300000 066 2700000 2700000 1CP 8700000 8700000 2CP 9400000 9400000 3CP 5500000 5500000 TOP 10800000 10800000 299 2900000 2900000 444 3400000 3400000 200 14100000 14100000 300 2200000 2200000 400 14900000 14900000 600 13200000 13200000 SSH 283700 283700 30S 1910000 1910000 1GS 1770000 1770000 2GS 3780000 3780000 6GS 3460000 3460000 4GS 2500000 2500000 14G 3650000 3650000 3GS 2870000 2870000 12C 3900000 3900000 078 4000000 4000000 08C 8400000 8400000 10G 4000000 4000000 12G 16000000 16000000 CRF 2500000 2500000 64 1880000 1880000 IQ ABSOLUTE RETURN 47503 56516 IQ GLOBAL LONG SHORT 628804 702370 MESIROW ABSOLUTE 3588922 3932907 ML SYTEMATIC OAK V DISTRESSED 3900000 3693300 PAULSON RECOVERY 2000000 3199280 RELATIVE VALUE OPPOT 10000000 10174000 BLACKROCK HEALTH SCIENCE EMERGING MARKETS OPPOT 4174000 4145939 EMERGING MARKETS OPPOT EQUITY LONG SHORT HEDGE ACCESS 3457143 3947938 EQUITY LONG SHORT HEDGE ACCESS EVENT DRIVN CREDIT HEDGE 6730000 8016667 EVENT DRIVN CREDIT HEDGE GLOBAL MACRO OPPOT 7017000 7440959 COMMONFUND 115168987 128963104 ORBIMED HEALTHCARE 500000 500000 CLOUGH ACCESS LTD 1909000 1911415 SIRIOS ACCESS LTD 2000000 2147776 SYSTEMATIC MOMENTUM 2176571 2478380 TRANSFER TO OWB 11560220 OTHER DECREASE TO FMV 59940000 SUPPLIES 1433299 1416072 REPAIR & MAINTENANCE 510641 3113 519380 INSURANCE 94499 936 94499 TELEPHONE 68633 68445 ADVERTISING 78562 76949 MISCELLANEOUS 139513 140052 CONTRACT SERVICES 2469083 2469083 ACTIVITIES & SERVICE 156868 142683 INVESTMENT EXPENSE 3201543 3201543 VET MATERIALS, SUPPLIES $ SRVC 26957696 26978073 OTHER NET INV INC FROM OTHER K-1'S 2437928 2437928 2437928 Unrealted Business Income from K-1's -50386 OTHER NET INV INC FRM DISREGARDED ENT 47717082 47717082 47717082 PROGRAM SERVICE REVENUE 15797012 15797012 CONTRACT REVENUE 2494700 2494700 VETERINARY SCHOOL INCOME 56637349 56637349 MISCELLANEOUS INCOME 30651 30651 DEPOSITS & PREPAYMENTS 23214425 24150413 PROFESSIONAL FEES 5510 6007 FEDERAL TAXES PAID 1500000 STATE TAXES PAID 2000 FOREIGN TAXES PAID 313062 313062 NHC REALTY INC 200 WEST CUMMINGS PARK WOBURN MA 01801 300553218 No transfers were made in 2013 0 HEM REALTY INC 200 WEST CUMMINGS PARK WOBURN MA 01801 300553220 No transfers were made in 2013 0 One World Boston Inc 200 West Cummings Park Woburn MA 01801 800681389 Partially Liquidating distribution for endowment & general support. 11560220 11560220