Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 07-01-2013 , and ending 06-30-2014
Name of foundation
LINCOLN INSTITUTE OF LAND POLICY
 

Number and street (or P.O. box number if mail is not delivered to street address) 11010 N TATUM BLVD No D101  
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Phoenix, AZ85028
A Employer identification number

86-6021106
B Telephone number (see instructions)

(617) 661-3016
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$546,402,591J Accounting method:
MODIFIED CASH
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 7,023,514 7,107,622 7,023,514
5a Gross rents.............. 39,607   39,607
b Net rental income or (loss) 39,607
6a Net gain or (loss) from sale of assets not on line 10 26,752,468
b Gross sales price for all assets on line 6a 133,102,686
7 Capital gain net income (from Part IV, line 2).... 26,756,504
8 Net short-term capital gain......... 4,353,855
9 Income modifications........... 84,108
10a Gross sales less returns and allowances .......  
b Less: Cost of goods sold...  
c Gross profit or (loss) (attach schedule)......    
11 Other income (attach schedule)........ Click to see attachment 81,235 0 81,235
12 Total. Add lines 1 through 11......... 33,896,824 33,864,126 11,582,319
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,443,851 478,735 478,735 965,116
14 Other employee salaries and wages...... 3,272,558 1,360 1,360 3,271,198
15 Pension plans, employee benefits....... 1,321,786 100,948 100,948 1,220,838
16a Legal fees (attach schedule)......... Click to see attachment 16,171 875 875 15,296
b Accounting fees (attach schedule)....... Click to see attachment 67,891 10,260 10,260 57,631
c Other professional fees (attach schedule).... Click to see attachment 2,697,050 2,561,005 2,561,005 136,045
17 Interest............... 154,095 18,519 18,519 123,956
18 Taxes (attach schedule) (see instructions) Click to see attachment 788,907 158,907 158,907 630,000
19 Depreciation (attach schedule) and depletion... Click to see attachment 362,592 22,786 22,786
20 Occupancy.............. 439,156 48,985 59,489 357,851
21 Travel, conferences, and meetings....... 576,398 36,139 36,139 540,259
22 Printing and publications.......... 514,680 0 70,736 443,944
23 Other expenses (attach schedule)....... Click to see attachment 6,605,197 146,723 146,723 6,613,877
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,260,332 3,585,242 3,666,482 14,376,011
25 Contributions, gifts, grants paid........ 534,492 534,492
26 Total expenses and disbursements. Add lines 24 and 25 18,794,824 3,585,242 3,666,482 14,910,503
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 15,102,000
b Net investment income (if negative, enter -0-) 30,278,884
c Adjusted net income (if negative, enter -0-)... 7,915,837
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Page 2
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 364,577 492,290 492,290
2 Savings and temporary cash investments.......... 27,641,764 8,262,900 8,262,900
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 10,770,345 Click to see attachment10,885,040 10,885,040
b Investments—corporate stock (attach schedule)........ 258,157,104 Click to see attachment313,320,237 313,320,237
c Investments—corporate bonds (attach schedule)........ 30,435,184 Click to see attachment29,670,311 29,670,311
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 132,399,286 Click to see attachment168,671,107 168,671,107
14 Land, buildings, and equipment: basis bullet20,026,928
Less: accumulated depreciation (attach schedule) bullet4,935,252 12,983,326 Click to see attachment15,091,676 15,091,676
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment9,030 Click to see attachment9,030
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 472,751,586 546,402,591 546,402,591
Liabilities 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 bullet) Click to see attachment10,769,560 Click to see attachment13,039,790
23 Total liabilities (add lines 17 through 22).......... 10,769,560 13,039,790
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 461,982,026 533,362,801
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 461,982,026 533,362,801
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 472,751,586 546,402,591
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 461,982,026
2 Enter amount from Part I, line 27a..................... 2 15,102,000
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 56,278,780
4 Add lines 1, 2, and 3.......................... 4 533,362,806
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 5
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 533,362,801
Form 990-PF (2013)
Page 3
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c CLASS ACTION PROCEEDS P    
d MORGAN CREEK PARTNERSHIPS K-1 P    
e MORGAN CREEK PARTNERSHIPS K-1 P    
ARDEN SAGE CLASS DD P    
ARDEN SAGE CLASS A P    
INSURANCE STOCK P    
ADJUSTMENT FOR FAIR VALUE AT MERGER P    
CARLYLE PARTNERSHIPS P    
ARDEN SAGE EMERGING MARKETS FUND P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 66,193,520   47,137,071 19,056,449
b 50,707,310   46,356,238 4,351,072
c 39,792     39,792
d 149,215     149,215
e 2,783     2,783
14,661,002   11,958,332 2,702,670
1,072,719   892,420 180,299
10,470     10,470
4,036     4,036
261,839     261,839
    2,121 -2,121
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       19,056,449
b       4,351,072
c       39,792
d       149,215
e       2,783
      2,702,670
      180,299
      10,470
      4,036
      261,839
      -2,121
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 26,756,504
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 4,353,855
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 14,346,101 429,309,121 0.033417
2011 13,411,119 410,368,652 0.032681
2010 17,884,254 404,360,408 0.044228
2009 13,991,625 367,112,591 0.038113
2008 16,846,013 356,824,941 0.047211
2 Total of line 1, column (d) ...................... 2 0.195650
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . . 		3 0.039130
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 496,450,552
5 Multiply line 4 by line 3....................... 5 19,426,110
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 302,789
7 Add lines 5 and 6......................... 7 19,728,899
8 Enter qualifying distributions from Part XII, line 4.............. 8 17,226,042
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Page 4
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 605,578
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 605,578
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- ..... 5 605,578
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 772,091
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 772,091
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 6
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 166,507
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet166,507 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletAZ, MA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.LINCOLNINST.EDU
    14
    The books are in care of bulletLincoln Institute of Land Policy Telephone no.bullet (617) 661-3016
    Located atbullet113 Brattle StreetCambridgeMA ZIP+4bullet021383400
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Page 5
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Page 6
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    KATHRYN J LINCOLN CHAIRMAN AND CIO/ DIRECTOR
    37.50     		303,000 62,329 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    GREGORY K INGRAM CEO AND PRESIDENT/DIRECTOR
    37.50     		504,385 17,980 0
    113 BRATTLE STREET
    CAMBRIDGE,MA02138
    DENNIS W ROBINSON TREAS. & VP-FIN. & OPS.
    37.50     		192,021 61,800 0
    113 BRATTLE STREET
    CAMBRIDGE,MA02138
    LEVERING F T WHITE AST. SEC. & VP ADMIN & HR
    37.50     		146,621 57,112 0
    113 BRATTLE STREET
    CAMBRIDGE,MA02138
    DIONE A ETTER SECRETARY
    37.50     		102,700 39,367 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    DAVID C LINCOLN ASSIST. TREASURER/DIRECTOR
    2.00     		8,250 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    CAROLINA BARCO DIRECTOR
    3.00     		11,375 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    ROY W BAHL DIRECTOR
    6.00     		35,000 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    HENRY COLEMAN DIRECTOR
    3.00     		12,750 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    ALBERTO HARTH DIRECTOR
    2.00     		6,000 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    JOHN G LINCOLN III DIRECTOR
    2.00     		6,000 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    DOUG WHEELER DIRECTOR
    3.00     		11,250 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    CAROL WHITESIDE DIRECTOR
    2.00     		5,000 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    ANDREA TAYLOR DIRECTOR
    2.00     		5,250 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    KENNETH PANG DIRECTOR
    2.00     		8,000 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    THOMAS BECKER DIRECTOR
    3.00     		15,500 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    BRUCE LINCOLN DIRECTOR
    2.00     		5,250 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    BRUCE BABBITT DIRECTOR
    2.00     		6,000 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    THOMAS NECHYBA DIRECTOR
    2.00     		8,000 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    JOHANNES LINN DIRECTOR
    6.00     		26,500 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    JILL SCHURTZ DIRECTOR
    3.00     		13,000 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    RAPHAEL BOSTIC DIRECTOR
    2.00     		5,000 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    ANTHONY COYNE DIRECTOR
    2.00     		7,000 0 0
    11010 N TATUM BLVD
    PHOENIX,AZ85028
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    JOAN YOUNGMAN
    113 BRATTLE STREET
    CAMBRIDGE,MA02138     		SR. FELLOW
    37.50     		239,621 58,306 0
    MARTIM SMOLKA
    113 BRATTLE STREET
    CAMBRIDGE,MA02138     		SR. FELLOW
    37.50     		191,521 54,454 0
    ARMANDO CARBONELL
    113 BRATTLE STREET
    CAMBRIDGE,MA02138     		SR. FELLOW
    37.50     		180,521 54,411 0
    ZHI LIU
    113 BRATTLE STREET
    CAMBRIDGE,MA02138     		SR. FELLOW
    37.50     		135,000 94,252 0
    ANTHONY FLINT
    113 BRATTLE STREET
    CAMBRIDGE,MA02138     		FELLOW
    37.50     		131,021 58,999 0
    Total number of other employees paid over $50,000...................bullet 23
    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
    DREMAN VALUE MANAGEMENT INVESTMENT ADVICE 499,036
    HARBORSIDE FINANCIAL PLAZA 10
    JERSEY CITY,NJ07311
    EAGLE CAPITAL MANAGEMENT INVESTMENT ADVICE 394,248
    499 PARK AVENUE
    NEW YORK,NY10222
    MERRILL LYNCH INVESTMENT ADVICE 333,067
    2555 E CAMELBACK RD
    PHOENIX,AZ85016
    SANDS CAPITAL INVESTMENT ADVICE 257,198
    1101 WILSON BLVD
    ARLINGTON,VA22209
    FRED ALGER INVESTMENT ADVICE 199,931
    360 PARK AVENUE SOUTH
    NEW YORK,NY10010
    Total number of others receiving over $50,000 for professional services.............bullet12
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 DEPARTMENT OF PLANNING AND URBAN FORM SEE STATEMENT 10 FOR DETAILED DESCRIPTION 2,894,386
    2 DEPARTMENT OF VALUATION AND TAXATION SEE STATEMENT 10 FOR DETAILED DESCRIPTION 2,974,293
    3 PROGRAM ON LATIN AMERICA AND THE CARIBBEAN SEE STATEMENT 10 FOR DETAILED DESCRIPTION 2,261,232
    4 PROGRAM ON PEOPLE'S REPUBLIC OF CHINA SEE STATEMENT 10 FOR DETAILED DESCRIPTION 2,158,107
    Form 990-PF (2013)
    Page 7
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    502,574,125
    b
    Average of monthly cash balances.......................
    1b
    583,747
    c
    Fair market value of all other assets (see instructions)................
    1c
    852,841
    d
    Total (add lines 1a, b, and c).........................
    1d
    504,010,713
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    504,010,713
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    7,560,161
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    496,450,552
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    24,822,528
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
     
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    14,910,503
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    2,315,539
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    17,226,042
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Page 8
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008......  
    b From 2009......  
    c From 2010......  
    d From 2011......  
    e From 2012......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$  
    a Applied to 2012, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2013 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2013.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    Page 9
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
    2006-11-01
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
    7,915,837 4,856,267 2,799,914 3,740,388 19,312,406
    b 85% of line 2a ......... 6,728,461 4,127,827 2,379,927 3,179,330 16,415,545
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		17,226,042 14,346,101 13,411,119 18,035,156 63,018,418
    dAmounts included in line 2c not used
    directly for active conduct of exempt
    activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		17,226,042 14,346,101 13,411,119 18,035,156 63,018,418
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		16,548,352 14,310,304 13,678,955 13,478,680 58,016,291
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:
    Form 990-PF (2013)
    Page 10
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    David Albouy
    1955 N Leavitt
    Chicago,IL60647     		none   Urban Land Value: Measurement and Theory 20,000
    Alexander Anas
    151 Rollingwood Street
    Williamsville,NY14221     		none   Effects of Land Value Taxation:Computable Equilibium-L.A. & Paris 20,000
    Elliott Ash
    500 Seminary Row 2A
    New York,NY10027     		none   Effects of Property Taxes on Foreclosures and Unemployment 10,000
    Antonio Jos Avendao Arosemena
    Calle 44 D No 95-30 Interior 8 Apto
    402
    Bogata    
    CO     		none   Bogota: Effects of Urban Ecnomic Structure on Land Use and Price 11,800
    Andres Francisco Baquero-Ruiz
    Carerra 13A 110-64
    Bogota    
    CO     		none   Bogota:Patterns of Indust. Loc. & Relocation:&Factors of Influence 12,600
    Kaizo Iwakami Beltrao
    Ladeira do Joao Homem 43
    Rio de Janiero    
    BR     		none   Rio De Janeiro:Resident. RE Val. & Dist. Among Hshld. Incm. Groups 12,000
    Jennifer Brodie
    238 E Jenkins Avenue
    Columbus,OH43207     		none   Factors Influencing Ohio Communities:Just Another Levy? 10,000
    Sandip Chakrabarti
    3600 Bagley Avenue
    Los Angeles,CA90034     		none   Does Service Reliability Promote Transit Use? 10,000
    Sarah R Cordes
    221 Avenue A
    New York,NY10009     		none   School Finance Reform-Parental Invst. in Childrenn's Human Capital 10,000
    Meagan M Ehlenz
    30 S 22nd Street
    Philadelphia,PA19103     		none   The Impacts of University-Led Neighborhood Revitalization 10,000
    Nathan Ela
    1455 E 54th
    Chicago,IL60615     		none   Urban Farming Possibilities: Cultivating a Commons? 10,000
    Elias Paez Frias
    Islas Bahamas 1541
    Mexicali BC   21339
    MX     		none   Transportation & Urban Compactness:BRT Corridors in Mexican Cities 12,720
    Fundacin Universidad Torcuato Di Tella
    Calle Miones 2177
    Buenos Aires    
    AR     		    Argentine Municiplaity Regulatory Prac.: Effects on Land, Housing 38,200
    Fundacin Universidad Torcuato Di Tella
    Calle Miones 2177
    Buenos Aires    
    AR     		    Spatial Issues:Equity & Efficency in 31 Large Cities-Argentina 10,700
    Enrique Gilles
    Carerra 10 128-60 Torre 1 Apto 402
    Bogota    
    CO     		none   Bogota, Col.: Industrial Locations/Relo. Decision Factors 11,900
    Adriana Hidalgo Guerrero
    Transcersal 59 No 108-67 Apto 104
    Bogota D C    
    CO     		none   Tunja, Col.: Gully Areas-Growth Patterns Vulnerabitity Clim. Change 24,692
    Institute for International Development
    2235 Massachusetts Avenue
    Cambridge,MA02140     		    Increasing Resilience to Climate Change:Informal Settl. Cntrl. Am 15,880
    Luis Inostroza Pino
    Lesni 1011
    Milovice    
    EZ     		none   Climate Change-Lat. Am.: Measuring Local Impact:Trends,Adaptation 15,300
    Jeffrey P Cohen
    144 Beacon Hill Drive
    West Hartford,CT06117     		none   Replacing Sales Tax with Land Tax: Where, What Goods, Why 10,000
    Christos Makridis
    5111 E Pasadena
    Phoenix,AZ85018     		none   Enviornmental Taxes:Affects on Land Values & Housing Markets 10,000
    Rosa Maria Ramalho Massena
    Rua Mundo Novo 1100 Casa
    Rio de Janeiro    
    BR     		none   Residential R.E. Value Deteminants in RioDeJaneiro & Dist. Groups 12,000
    Michael Keith McCall
    Aquiles Serdan 835
    Morelia Michoacan    
    MX     		none   Local Capacity:Minimize Flood Hazard-in Urban Morelia Mexico 21,700
    Oswaldo Molina Campodonico
    Calle Las Laderas 429
    Surco Lima    
    PE     		none   Peru: Loss of Title Fomality-Land Transaction Title Regisration 17,800
    The Marshall University Foundation Inc
    519 John Marshall Drive
    Huntington,WV25703     		none   State & Local Ad Valorem Taxation of Mineral Interests 20,000
    Dusan J C Paredes Araya
    Avenida Corro Parananl 320
    Antofagasta    
    CI     		none   Chile:Demand for Housing Attributes-Insights on Price & Income 10,000
    Jose Joaquin Prieto
    205 Waldon Street
    Cambridge,MA02140     		none   Santiago 2002-11:Low Income Famalies-Residential Location Prfrncs 21,000
    Resources for the Future
    1616 P Street NW
    Washington,DC200361400     		none   Beijing:Study Housing & Trans.-Using Existing Lg. Survey Dataset 12,000
    Maria Edisa Soppelsa
    5405 Tuckerman Lane
    North Bethesda,MD20852     		none   State Tax Breaks for Conservation: Do They Work 10,000
    Tufts University
    169 Holland Street
    Medford,MA02144     		    China: Long Term Investment Financing for Urban Infrastructure 17,200
    Universidad de los Andes
    Carrera 1 este 19A-40
    Bogota    
    CO     		    Bogata:Low Income Household Access as Choice Factor-Residntal Loc 15,000
    Regents of the University of Michigan
    2044 Wolverine Tower
    Ann Arbor,MI481091382     		    Urban Land Value: Measurement and Theroy 10,000
    Robert Morris University
    6001 University Boulevard Revere
    Center
    Moon Township,PA15108     		    The Pennsylvania Experience: Effects of Two-Rate Property Tax 10,000
    Robert Morris University
    6001 University Boulevard Revere
    Center
    Moon Township,PA15108     		    Penn:Spillover Effects- Two Rate Prop. Tax- Zero Sum or Win-Win 20,000
    David Vetter
    Rua Kopke 794
    Petropolis    
    BR     		none   Brazilian Mun:Reducing Infrastructure Deficit using Value Capture 32,000
    Shu Wang
    4239 N Kedvale Avenue
    Chicago,IL60641     		none   Loc. Govt. Finance:Effect of Tax&Ependiture Evolution-Legal Approach 10,000
    Pengju Zhang
    5800 Stonegate Heights
    Jamesville,NY13078     		none   Three Essays on Capitalization Issues in Local Public Finance 10,000
    Total .................................bullet 3a 534,492
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Page 11
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aPUBLICATIONS         70,736
    bSONORAN INSTITUTE         4,884
    cEMPLOYEE PARKING         5,040
    dOTHER         575
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....     14 7,023,514  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property ........ 531120 39,607      
    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 26,752,468  
    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).. 39,607 33,775,982 81,235
    13Total. Add line 12, columns (b), (d), and (e)..................
    1333,896,824
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A SALES OF SCHOLARLY PUBLICATIONS IN VARIOUS PROGRAM AREAS
    1B CHARGE FOR OCCUPANCY BY NON-PROFIT ENGAGED IN JOINT PROGRAM
    1C PARKING PROVIDED FOR EMPLOYEE CONVENIENCE
    1D USE OF CLASSROOM SPACE BY CHARITABLE ORGANIZATION ENGAGED IN EDUCATION
    Form 990-PF (2013)
    Page 12
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet 2015-02-13 Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's nameKevin Sunkel Preparer's Signature   Date   PTIN P00706145
    Firm's namebullet



    Firm's addressbullet


    Owen J Flanagan & Co
     
    60 East 42nd Street
     
    New York, NY10165
         		Firm's EINbullet13-2060851
    Phone no. (212) 682-2783
    Form 990-PF (2013)
    Additional Data


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    Software Version:  


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    Special Condition Description