EXTENDED TO NOVEMBER 16, 2015 Return of Private Foundation OMBNo 1545-0052 Form 990-PF orSection4947(a)(1)TrustTreatedasPrivateFoundation 2014 DepartmentoftheTreasury >Donotentersocialsecuritynumbersonthisformasrtmaybemadepublic. InternalRevenueServrce >InformationaboutForm990-PFanditsse arateinstructionsisat Forcalendaryear2014ortaxyearbeginning ,andendin g Nameoffoundation A Employeridentilicationnumber BROOKE FAMILY FOUNDATION 27-0373823 Numberandstreet(orP0 boxnumberifmailisnotdeliveredtostreetaddress) Room/suite B Telephonenumber 4325 ALTAMONT ROAD 205-987-5612 Cityortown,stateorprovmce,country,andZIPorforeignpostalcode c Ifexemptionapplicationispending,checkhere >I_l BIRMINGHAM, AL 35213 6 Checkallthatapply. Ll Initialreturn [_I Initialreturnofaformerpubliccharity D 1.Foreignorganizations,checkhere DE [1' Finalreturn E] Amendedreturn E Addresschange [3 Namechange 2'Etmtmtfititimgfetttsgt "m DE H Checktypeoforganization; LL] Section501(c)(3)exemptprivatefoundation E Ifprivatefoundationstatuswasterminated '3 Section4947(a)(1)nonexemptcharitabletrust II] Othertaxableprivatefoundation undersection507(b)(1)(A),checkhere DE l Fairmarketvalueofallassetsatendofyear J Accountingmethod; [2U Cash I_l Accrual F Itthefoundationisma60-monthtermination (fromPartII, col (c),line 16) III Other(speCIfy) undersection507(b)(1)(B),checkhere bm >35 2 , 357 , 624 . (Part/, column(d)mustbeoncashbasrs) I Part IIAnalysisofRevenueandExpenses (a)Revenueand (b)NetInvestment (c)Adjustednet (d)D'Sbummem massages$533.22(53152.3(???)"1mm expensesperbooks Income Income 'omhamab'epmpom (trashbasisonly) I Contributions,gifts,grants,etc.,received 3 , 800 . N/A - ChmF. itthefoundationISnotrecurredtoattachSch B 510 th Icnatsehreistnvoenstsmaevnttnsgsandtemporary 2 u DiVidendsandinterestfromsecurities 49 , 248 . 49 , 248 . STATEMENT 1 6 5a Grossrents A 1 [3 Netrentalincomeor(loss) It4 5 V 63b iNetgsainosr(louss)treomsalea tas1set,s0not5o3nli.ne51083. <134 I 775 o> 4l 4K7eLrV2'Vt/qu1xw O ue N n C Reve 78 CNaeptitsahlogratin-tneetrminccaopmieta(lf rgoamiPnartIV,line2) 0 /ASH NOV 1 nDr0 5 .1a; E 9 Incomemodifications hit 5/ N Grosssaleslessreturns N 103 andallowances A 0 Less Costofgoodssold TAVG! 0 C c Grossprofitor(loss) V S 11 Otherincome 12 Total.AddIinestthrough11 <81,727.> 49,248. 13 Compensationofofficers.directors,trustees,etc 0 o 0 e 0 e 14 Otheremployeesalariesandwages 15 Pen3ionplans,employeebenefits se 163 Legaltees s n bAccountingfees STMT 2 3,800. 1,900. 1,900. e px c Otherprofesswnalfees STMT 3 25 , 228 . 25 , 228 . 0 . E e 17 Interest v it 18 Taxes STMT 4 664. 664. 0. a r t 19 DepreCIationanddepletion s i n 20 Occupancy i m dA 21 Travel,conferences,andmeetings dn 22 Printingandpublications a g 23 Otherexpenses n it 24 Totaloperatingandadministrative a r expenses.AddIines13through23 29,692 . 27 , 792. 1 ,900 . e pO 25 Contributions,gifts,grantspaid 800 , 000 . 800 , 000 . 26 Totalexpensesanddisbursements. Addlines24and25 829,692. 27,792. 801,900. 27 Subtractline26fromline 12; e Excessofrevenueoverexpensesanddisbursements <911 I 419 o > b Netinvestmentincomemnegative.enter-0-) 2l , 456 . %) c Adjustednetincome(Ifnegative.enter-o-) N/A 11.24 .14 LHA ForPaperworkReductionActNotice,seeinstructions. Form990-PF(2014) b Form990-PF(2014) BROOKE FAMILY FOUNDATION 27-0373823 Page2 Balance Sheets AttachedschedulesandamountsInthedescnphon Beginningofyear Endofyear columnshouldbeforendol-yearamountsonly (a)BookValue (b)BookValue (c)FairMarketValue 1 Cash-non-Interest-beanng 2 SavrngsandtemporarycashInvestments 83,699. 62,656. 62,656. 3 Accountsreceivableb Less;allowancefordou btfulaccounts P 4 Pledgesrecelvable b Less;allowancefordou btfulaccounts b 5 Grantsrecelvable 6 Receivablesduefromofflcers,directors,trustees,andother dlsqualltledpersons 7 OthernotesandIoansrecewable 7 Less;allowancefordoubtfulaccounts D s 8 lnventonesforsaleoruse t se 9 Prepaldexpensesanddeferredcharges s A 10a Investments-US.andstategovernmentobligations b Investments-corporatestock STMT 5 1,272,173. 1,030,485. 1,463,530. I; Investments-corporatebonds 11 Investments-land.bulldlngs,andequlpmentbaSIS > LessaccumulateddepreCIahon > 12 Investments-mortgageloans 13 Investments-other STMT 6 2,500,292. 1,851,624. 831,438. 14 Land,bunldlngs,andequrpmentbasrs b Lessaccumulateddepremahon b 15 Otherassets(descnbeb 16 Totalassets(tobecompl etedbyallfilers-seethe Instructions.Also,seepage 1,ItemI) 3,856,164. 2,944,765. 2,357,624. 17 Accountspayableandaccruedexpenses 18 Grantspayable s 19 Deferredrevenue e iti 20 Loansfromofficers,directors,trustees,andotherdisqualmedpersons bil 21 Mortgagesandothernotespayable a Li 22 OtherlIabIIItIes(descnbe b 23 Totalliabilities(addlines 17through22) 0. O. FoundationsthatfollowSFAS 117,checkhere MIX] andcompletelines24through26andlines30and31. es 24 Unrestricted 3,856,164. 2,944,765. c an 25 Temporarllyrestncted l Ba 26 Permanentlyrestrlcted nd FoundationsthatdonotfollowSFAS117,checkhete >E u F andcompletelines27through31. r o 27 Capitalstock,trustprInCIpal,orcurrentfunds s et 28 Paid-Inorcapitalsurplus,orland,bldg.,andequmentfund s As 29 Retalnedearnlngs,accumulatedIncome,endowment,orotherfunds et 30 Totalnet388918orfundbalances 3,856,164. 2,944,765. N 31 Totalliabilitiesandnetassets/fundbalances 3,856,164. 2,944,765. Analysis of Changes in NetAssets or Fund Balances 1 Totalnetassetsorfundbalancesatbeginningofyear-PartII,column(a),line30 (mustagreewuthend-oI-yearfigurereportedonpooryear'sreturn) 1 3 , 856 , 164 . 2 EnteramountfromPartI,line27a 2 <911 , 419 .> 3 OtherIncreasesnotIncludedInlIne2(Itemize) b UNREALIZED GAIN/LOSS 3 20 . 4 Addllnes1.2,and3 4 2,944,765. 5 DecreasesnotIncludedInllne2(Itemlze) b 5 0 . 6 Totalnetassetsorfundbalancesatendofyear (line4mlnusline5)-PartII,column(b),line30 6 2 , 944 , 765 . Form990-PF(2014) 423511 11-24-14 Form990-PF(2014) BROOKE FAMILY FOUNDATION 27-0373823 Page3 I Part IV] Capital Gains and LossesforTax on Investment Income (a)umanddescnbethekInd(s)ofpropertysold(e.g.,realestate, (byfognfcctgaus'ged (c)Dateacqutred (11)Datesold 2-storybrIckwarehouse;orcommonstock,200shs.MLC00.) D_Donation (1110-.day,YE) (mo-xday,YR) 1a I) SEE ATTACHED STATEMENTS c d e (t)Deprecratlonallowed (9)CostorotherbaSlS (h)GaInor(loss) (e)Grosssalesmm (orallowable) plusexpenseofsale (e)plus(I)minus(9) a b c d e 1,053,583. 1,188,358. <134,775.> CompleteonlyforassetsshowmgmmIncolumn(h)andownedbythefoundatlonon 12/31/69 (I)GaIns(Col.(h)gaInmInus _ (1.)AdjustedbaSIs (II)Excessofcol.(I) 00'.('0'bl""0tlessthan-O-)or (I)FWMVas0112/31/69 asof12/31/69 overC01.(DuIfany Losses("OmC01.(11)) a b c d e <134 , 775 .> ItgaIn,alsoenterInPartI,Me7 2 CapItaIgaInnetIncomeor(netcapItaIloss) It(loss),enter-0-InPartI,Me7 2 <134 I 775 .> 3 Netshort-termcapItalmmor(loss)asdefInedInsectlons 1222(5)and(6)2 IfgaIn,alsoenterInPanI,We8,column(c). It loss enter-0-InPartI,Me8 3 N/A art ua I I catIon UnderSectlon 4940(e) for ReducedTax on Net Investment Income (ForoptIonalusebydomestIcpnvatefoundatlonssubIecttotheseam4940(a)taxonnetInvestmentIncome.) IfsectIon4940(d)(2)applIes,leavethIspartblank. Wasthefoundatlon"ableforthesectlon4942taxonthedIstrIbutableamountofanyyearInthebaseperIod'7 D Yes [X] No If'Yes,"thetoundatIondoesnotqualIfyundersecIIon4940(9).DonotcompletethIspart 1 EntertheapproprIateamountIneachcolumnforeachyear;seetheInstructlonsbeforemaklnganyentrles. (a) (b) (c) (a) CalendarygisFOnggegagggmmngIn) AdlustedqualllylngdIstrIbutIons NetvalueofnoncharItable-useassets (col.g'fgi3,%%%"b'yatc'81_(Q) 2013 840,843. 3,312,079. .253872 2012 770,314. 3,962,650. .194394 2011 491,950. 4,956,075. .099262 2010 1,402,733. 6,539,192. .214512 2009 2,932. 5,980,517. .000490 2 TotalofMe 1,column(d) 2 . 762530 3 AveragedIstrIbutIonwhoforthe5-yearbaseperIod-mmthetotalonMe2by5,orbythenumberofyears theloundatIonhasbeenIneXIstenceIflessthan5years 3 . 152506 4 EnterthenetvalueofnoncharItabIe-useassetsfor2014fromPartX,Me5 4 2 , 890 , 021 . 5 MultIplyIIne4byIIne3 5 440 , 746 . 6 Enter1%ofnetInvestmentIncome(1%ofPartI,IIne27b) 6 215 . 7 AddlmesSandS 7 440,961. 8 EnterqualIlyIngdIstrIbutIonsfromPartXII,Me4 8 801 , 900 . IIMe8IsequaltoorgreaterthanMe7,checktheboxInPanVI,lIne 1b,andcompletethatpartusmga 1%taxrate. SeethePanVIInstructlons. Form990-PF(2014) 423521 11-24-14 Form990-PF(2014) BROOKE FAMILY FOUNDATION 27-0373823 Page4 [git Vlf ExciseTax Based on Investment Income (Section 4940M, 4940(b), 4940(e), or4945 - see instructions) 1a ExemptoperatingfoundationsdescribedInsection4940(d)(2),checkhere DI_l andenter'N/A'online 1. Dateofrulingordeterminationletter; (attachcopyofletterifnecessary-seeinstructions) b Domesticfoundationsthatmeetthesection4940(e)requnementsInPartV,checkhere b'1] andenter 1% 1 215. ofPartI,line27b c Allotherdomesticfoundationsenter2%oflIne27b.Exemptforeignorganizationsenter4%ofPartI,line 12,col.(b). 0. N Taxundersection511(domesticsection4947(a)(1)trustsandtaxablefoundationsonly.Othersenter-0-) 0 W Addlines1and2 ' 215 . 3 # SubtitleA(income)tax(domesticsection4947(a)(1)trustsandtaxablefoundationsonly.Othersenter-0-) 0 0. UI Taxbasedoninvestmentincome.Subtractline4fromline3.Ifzeroorless,enter-0- 0& 215. Q Credits/Payments; a 2014estimatedtaxpaymentsand2013overpaymentcreditedto2014 6a 2 , 872 . b Exemptforeignorganizations-taxWithheldatsource 6b c TaxpaidWithapplicationforexten5ionoftimetofile(Form8868) Go d BackupWithholdingerroneouslyWithheld 6d I Totalcreditsandpayments.Addlines6athrough6d 7 2,872. QN EnteranypenaltyforunderpaymentofestimatedtaxCheckhere[I] IfForm2220ISattached 8 (O Taxdue.Ifthetotaloflines5and8Ismorethanline7,enter amountowed b 9 10 Overpayment.Ifline7ismorethanthetotaloflines5and8,entertheamountoverpaid b 10 2,657. 11 Ente_rrtheamountofline 10tobe;Creditedto2015estimatedtax b 2 , 657 .IRefundedb 11 [TsartVII-A [ Statements Regarding Activities 1a Duringthetaxyear,didthefoundationattempttoInfluenceanynational,state,orlocallegislationordiditpaItICIpateorInterveneIn Yes anypoliticalcampaign? 1a I) Diditspendmorethan$100duringtheyear(eitherdirectlyorindirectly)forpoliticalpurposes(seeinstructionsforthedefinition)? 1b IftheanswerIs "Yes"to1aor1b-attachadetaileddescriptionoftheactiwtiesandcopiesofanymaterialspublishedor distributedbythefoundationInconnectionWiththeact/Vities c Didthefoundationfile Form 1120-POLforthisyear? 1c It Entertheamount(Ifany)oftaxonpoliticalexpenditures(section4955)Imposedduringtheyear; (1) Onthefoundation. b $ 0 . (2) 0nfoundationmanagers.b $ 0 . e Enterthereimbursement(ifany)paidbythefoundationduringtheyearforpoliticalexpendituretaxImposedonfoundation managers.) $ 0 . 2 HasthefoundationengagedInanyactivmesthathavenotpreVIouslybeenreportedtotheIRS? If'Yes,'attachadetaileddescriptionoftheact/Vities 3 Hasthefoundationmadeanychanges,notpreVIouslyreportedtotheIRS,initsgoverninginstrument,articlesofincorporation,or bylaws,orotherSimilarinstruments?If'Yes,"attachaconformedcopyofthechanges M 4a DidthefoundationhaveunrelatedbusmessgrossIncomeof$1,000ormoreduringtheyear? 4a N b If'Yes,'hasItfiledataxreturnon Form990-Tforthisyear? N/A 4b 5 Wastherealiqmdation,termination,dissolution,orsubstantialcontractionduringtheyear? If'Yes,'attachthestatementreqwredbyGeneralInstructionT 6 Aretherequuementsofsection508(e)(relatingtosections4941through4945)satisfiedeither; 0Bylanguageinthegoverninginstrument,or 0BystatelegislationthateffectivelyamendsthegoverninginstrumentsothatnomandatorydirectionsthatconflictWiththestatelaw remainInthegoverninginstrument? 7 Didthefoundationhaveatleast$5,000inassetsatanytimeduringtheyear?If'Yes,'completePartII, col (c),andPartXV 8a EnterthestatestowhichthefoundationreportsorWithwhichitIsregistered(seeinstructions) D AL b Iftheansweris'Yes'toline7,hasthefoundationfurnishedacopyofForm990-PFtotheAttorneyGeneral(orde5ignate) ofeachstateasreqUIredbyGeneralInstructionG7If'No,'attachexplanation 8!) 9 IsthefoundationclaimingstatusasaprivateoperatingfoundationWithinthemeaningofsection4942(I)(3)or4942())(5)forcalendar year2014orthetaxableyearbeginningin2014(seeinstructionsforPartXIV)?If'Yes,'completePartXIV X 10 DidanypersonsbecomeSubstantialcontributorsduringthetaxyear?it'Yes,'attachaschedulelistingtheirnamesandaddresses 10 X Form990-PF(2014) 423531 11-24-14 Form990-PF(2014) BROOKE FAMILY FOUNDATION 27-0373823 Pige5 [grtVII-A [Statements Regarding Activities(continuecv 11 Atanytimeduringtheyear,didthefoundation,directlyorindirectly,ownacontrolledentityWithinthemeaningof section512(b)(13)9If'Yes,'attachschedule(seeinstructions) 11 12 DidthefoundationmakeadistributiontoadonoradVIsedfundoverwhichthefoundationoradisqualifiedpersonhadadvrsorypriVilege57 I If'Yes,'attachstatement(seeinstructions) 12 , 13 DidthefoundationcomplyWiththepublicinspectionrequrrementsforitsannualreturnsandexemptionapplication? 13 X WebSiteaddress > N/A 14 Thebooksareincare of b WILLIAM W. BROOKE Telephone no.>205-987-56l2 Locatedat b 2100 TH IRD AVENUE NORTH, SUITE 600 , BIRMINGHAM, A ZIP+4 >35203 15 Section4947(a) (1)nonexemptcharitabletrustsfilingForm990-PFinlieuofForm1041-Checkhere D andentertheamountoftax-exemptinterestreceivedoraccruedduringtheyear Fl 15 I N/A 16 Atanytimeduringcalendaryear2014,didthefoundationhaveaninterestinoraSignatureorotherauthorityoverabank, Yes No securities,orotherfrnancralaccountinaforeigncountry? 16 X SeetheinstructionsforexceptionsandfilingrequrrementsforFinCENForm 114,(formerlyTDF90-221).If'Yes,'enterthenameofthe foreigncountry 5 r _ t I Part VI I-B [Statements Regarding ActivitiesforWhich Form 4720 May Be Required FileForm4720ifanyitemischeckedinthe"Yes"column,unlessanexceptionapplies. Yes NO , 1a Duringtheyeardidthefoundation(eitherdirectlyorindirectly); I (1) Engageinthesaleorexchange,orIeasrngofpropertyWithadisqualifiedperson? 13 Yes LXI No 1 (2) Borrowmoneyfrom,lendmoneyto,orotherwrseextendcreditto(oracceptitfrom) adisqualifiedperson? El Yes IE No (3) Furnishgoods,servrces,orfacilitiesto(oracceptthemfrom)adisqualifiedperson? C] Yes [X] No (4) Paycompensationto,orpayorreimbursetheexpensesof,adisqualifiedperson? E] Yes IE No (5) Transferanyincomeorassetstoadisqualifiedperson(ormakeanyofeitheravailable forthebenefitoruseofadisqualifiedperson)? E] Yes IX. No (6) Agreetopaymoneyorpropertytoagovernmentofticral'7(Exception Check'No' ifthefoundationagreedtomakeagranttoortoemploytheoffrcralforaperiodafter ) terminationofgovernmentservrce,ifterminatingWithin90days.) E] Yes [X] No ( b Ifanyansweris'Yes'to 1a(1)-(6),did anyoftheactsfailtoqualifyundertheexceptionsdescribedinRegulations I section53.4941(d)-3orinacurrentnoticeregardingdisasterassrstance(seeinstructions)? N/A 1b 1 Organizationsrelyingonacurrentnoticeregardingdisastera35istancecheckhere D[I] c Didthefoundationengageinaprioryearinanyoftheactsdescribedin 13,otherthanexceptedacts,thatwerenotcorrected beforethefirstdayofthetaxyearbeginningin2014'? to X 2 Taxesonfailuretodistributeincome(section4942)(doesnotapplyforyearsthefoundationwasaprivateoperatingfoundation definedinsection4942(i)(3)or4942(i)(5)). aAttheendoftaxyear2014,didthefoundationhaveanyundistributedincome(lines6dandBe,PartXIII)fortaxyear(s)beginning before20149 III Yes IX] No If"Yes,"listtheyearsb , , , b Arethereanyyearslistedin2aforwhichthefoundationis notapplyingtheprovrsronsofsection4942(a)(2)(relatingtoincorrect valuationofassets)totheyearsundistributedincome?(Ifapplyingsection4942(a)(2)to allyearslisted,answer'No"andattach statement-seeinstructions.) N/A 2b c Iftheprowsronsofsection4942(a)(2)arebeingappliedto anyoftheyearslistedin2a,listtheyearshere. > , , . 311 Did thefoundationholdmorethana2%directorindirectinterestinanybusrnessenterpriseatanytime duringtheyear? E] Yes IE No b If'Yes,'didithaveexcessbusrnessholdingsin2014asaresultof(1)anypurchasebythefoundationordisqualifiedpersonsafter May26, 1969;(2)thelapseofthe5-yearperiod(orlongerperiodapprovedbytheCommissmnerundersection4943(c)(7))todispose ofholdingsacqurredbygiftorbequestor(3)thelapseofthe 10-, 15-,or20-yearfirstphaseholdingperiod?(UseScheduleC, Form4720, todetermineifthefoundationhadexcessbusrnessholdingsin2014) N/A 31) 4a Didthefoundationinvestduringtheyearanyamountinamannerthatwouldjeopardizeitscharitablepurposes? 4a X b Didthefoundationmakeanyinvestmentinaprioryear(butafterDecember31, 1969)thatcouldJeopardizeitscharitablepurposethat hadnotbeenremovedfromieopardybeforethefirstdayofthetaxyearbeginningin20149 4b X Form990-PF(2014) 423541 11-24-14 l I Form990-PF(2014) BROOKE FAMILY FOUNDA'_I'ION 27-0373823 Page6 Part VII-B Statements Regardi ng ActivitiesforWhich Form 4720 May Be Required(continued) 5a Duringtheyeardidthefoundationpayorincuranyamountto; (1) Carryonpropaganda,orotherwmeattempttoInfluencelegislation(section4945(e))'7 [I] Yes No (2) Influencetheoutcomeofanyspecmcpublicelection(seesection4955);ortocarryon,directlyorindirectly, anyvoterregistrationdrive? II] Yes IX] No (3) Prowdeagranttoanindivrdualfortravel,study,orotherSimilarpurposes? '3 Yes IX] No (4) Prowdeagranttoanorganizationotherthanacharitable,etc.,organizationdescribedinsection 4945(d)(4)(A)7(seeinstructions) [2] Yes [X] No (5) Prowdeforanypurposeotherthanreligious,charitable,seientific,literary,oreducationalpurposes,orfor thepreventionofcrueltytochildrenoranimals? El Yes '1' No b Ifanyansweris'Yes'to5a(1)-(5),did anyofthetransactionsfailtoqualifyundertheexceptionsdescribedinRegulations section53.4945orinacurrentnoticeregardingdisastera55istance(seeinstructions)? N/A 5b OrganizationsrelyingonacurrentnoticeregardingdisasteraSSistancecheckhere >El c Iftheansweris'Yes'toquestion5a(4),doesthefoundationclaimexemptionfromthetaxbecauseitmaintained expenditurerespon5ibilityforthegrant? N/A E] Yes El No If"Yes,'attachthestatementreqwredbyRegulationssection534945-5(d) 6a Didthefoundation,duringtheyear,receiveanyfunds,directlyorindirectly,topaypremiumson apersonalbenefitcontract? El Yes No b Didthefoundation,duringtheyear,paypremiums,directlyorindirectly,onapersonalbenefitcontract? 6'3 X If"Yes"to6b, fileForm8870 7aAtanytimeduringthetaxyear,wasthefoundationapartytoaprohibitedtaxsheltertransaction? D Yes '1' No b If'Yes,'didthefoundationreceiveanyproceedsorhaveanynetincomeattributabletothetransaction? N/A 7D I PartVIII I lnfonnation About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors 1 Listallofficers,directors,trustees,foundationmanagersandtheircompensation. h(b)Title,andkageraged (It t Congigrgeihgrgggs (a)Nameandaddress ourspteorpwoeSem0nevoe enntoer , deterred I o R otherthan includedonline 1 none,enter (b)Title,andaverage Contnbubonslo (a)Nameandaddressofeachemployeepaidmorethan$50,000 hoursperweek (c)Compensation dbeetgrerlgldmans devotedtoposmon N numberofother Form990-PF(2014) 423551 11-24-14 Form990-PF 2014) BROOKE FAMILY FOUNDATION 27-0373823 Page 7 I Part VIII I lnfonnation About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors(continued) 3 Fivehighest-paidindependentcontractorsforprofessionalservices. Ifnone,enter"NONE." (a) person more (b)Typeofservrce numberofothers over for serVIces - mary Listthefoundation'sfourlargestdirectcharitableactlvrtlesdunngthetaxyear.IncluderelevantstatlstlcalInformationsuchasthe Expenses numberoforganizationsandotherbenefICIarIesserved,conferencesconvened.researchpapersproduced,etc. 1 Related Investments Investments taxyearon Allotherprogram-relatedInvestments.SeeInstructlons. 3 b . Form990-PF(2014) 423561 11-24-14 Form990-PF(2014) BROOKE FAMILY FOUNDATION 27-0373823 Pages lPartX] MiNimum lnveStment Return(AlldomestIcfoundatronsmustcompletethrspart ForeIgntoundatrons,seeInstructlons) 1 Fanmarketvalueofassetsnotused(orheldforuse)directlyIncarryIngoutcharItabIe,etc.,purposest a AveragemonthlytarrmarketvalueofsecurItIes 1a 1 , 820 , 689 . b Averageofmonthlycashbalances 1b 240 , 266 . c FaIrmarketvalueofallotherassets 1c 873 , 076 . d Total(addIInes 1a,b,andc) 1d 2 , 934 , O31 . e ReductloncIaImedtorblockageorothertactorsreportedonIInes 1aand 10(attachdetaIIedexplanatron) I 1e I 0 . 2 AcqursrtIonIndebtednessapplrcabletoMe 1assets 2 0 . 3 SubtractIIne2fromIIne 1d 3 2 , 934 , 031 . 4 CashdeemedheldforcharitableactIvrtIes.Enter 1 1/2%ofMe3(forgreateramount,seeInstructIons) 4 44 , 010 - 5 NetvalueofnoncharitabIe-useassets SubtractMe4from"m3.EnterhereandonPartV,Ime4 5 2 , 890 , 021 . 6 Minimuminvestmentreturn.Enter5%ofMe5 6 144 , 501 . I Pa rt XI I DistributableAmount(seeInstructlons)(SectIon4942(I)(3)and(0(5)prIvateoperatrngtoundatronsandcertaIn toreIgnorganIzatIonscheckhere > I2] anddonotcompletethIspart) 1 MInImumInvestmentreturnfromPartX,We6 1 144 , 501 . 2a TaxonInvestmentIncomefor2014fromPartVI,lIne5 2a 215 . b Incometaxfor2014.(ThIsdoesnotIncludethetaxfromPartVI.) 2b c AddlInes2aand2b 2c 215 . 3 DIstrIbutabIeamountbeforeadlustments.SubtractIIne2cfromMe 1 3 144 , 286 . 4 RecoveriesofamountstreatedasqualifyIngdIstrIbutIons 4 0 . 5 AddIInes3and4 5 144,286. 6 DeductIonfromdIstrIbutableamount(seeInstructions) 6 0 . 7 Distributableamountasadjusted.SubtractIIne61romMe5.EnterhereandonPartXIII,Me 1 7 144 , 286 . Ml Qualifying Distributions(seeInstructlons) 1 AmountspaId(IncludIngadmrnIstratIveexpenses)toaccomplishcharItabIe,etc.,purposes; a Expenses,contrIbutIons,gifts,etc.-totaltromPartI,column(d),Me26 1a 801 , 900 . b Program-relatedInvestments-totalfromPartIX-B 1b 0 . 2 AmountspaIdtoacqurreassetsused(orheldforuse)dIrectIyIncarryrngoutcharItabIe,etc.,purposes 2 3 AmountssetasrdeforspecrtlccharItabIeprotectsthatsatIsfythez a SurtabIIItytest(prIorIRSapprovalrequrred) 3a b CashdIstrIbutIontest(attachtherequrredschedule) 3b 4 Qualityingdistributions AddIInes 1athrough3b.EnterhereandonPartV,Me8,andPartXIII,Me4 4 801 , 900 . 5 FoundatlonsthatquaIItyundersectIon4940(e)torthereducedrateoftaxonnetInvestment Income.Enter1%ofPartI,IIne27b 5 2l5 . 6 Adjustedqualifyingdistributions.SubtractMe5fromlIne4 6 801 , 685 . Note. TheamountonMe6WIIIbeusedInPartV,column(b),InsubsequentyearswhencalculatIngwhetherthefoundatIonq uaIItIestortheseam 4940(e)reductIonoftaxInthoseyears. Form990-PF(2014) 423571 11-24-14 Form990-PF(2014) BROOKE FAMILY FOUNDATION 27-0373823 Page9 Undistributed Income (seeInstructlons) (a) (b) (c) (d) 2013 2014 Corpus Yearswarto2013 1 DIstrIbutableamountfor2014fromPartXl, [me7 144 , 286. 2 UndlstnbutedIncome,Ifany.asoftheendof2014 itEnteramountfor2013only bTotalforwaryears; 3 ExcessdIstrIb utIonscarryover,Ifany,to2014; aFrom2009 bFrom2010 788,861. cFrom2011 244, 813. dFrom2012 573,519. eFrom2013 675,863. 1 TotalofMes3athroug he 2,283,056. 4 OualIfyIngdIstrIbutIonstor2014from Panxn,IIne4z>$ 801,900. aAppIIedto2013,butnotmorethanIIne2a bApplIedtoundIstrIbutedIncomeofwar years(Electronrequued-seeInstructlons) cTreatedasdIstrIbutIonsoutofcorpus 0. (Electronrequued-seeInstructlons) dApplIedto2014dIstrIbutableamount 144,286 . eRemaInIngamountdIstrIbutedoutofcorpus 657, 614. 0. 0. 5 ExcessdlstnbutlonscarryoverapplIodto2014 (ifanamountappearsIncolumn(d),thesameamount mustbeshownIncolumn(a)) 6 Enterthenettotalofeachcolumnas indicatedbelow; aCorpus AddIInes3!,4c.and40 SubtractIIne5 2,940,670. bPrIoryears' undlstrIbutedIncome.Subtract IIne4bfromWe2b cEntertheamountofmmyears' undIstrIbutedIncomeformmamumof defICIencyhasbeenIssued,oronmm thesectIon4942(a)taxhasbeenpreVIously assessed dSubtractlIne6cfromWe6b.Taxable amount-seeInstructIons eUndrstnbutedIncomefor2013.Subtractme 43fromlIne2a.Taxableamount-seeInstr. 1 UndIstrIbutedIncomefor2014.Subtract lInes4dand5fromIlne1.TMamountmust bedlstnbutedIn2015 7 AmountstreatedasdIstrIbutIonsoutof corpustosatlstyrequuementsImposedby sectIon 170(b)(1)(F)or4942(g)(3)(ElectIon 0. maybereqUIred-seeInstructIons) 8 ExcessdIstrIbutIonscarryoverfrom2009 y notapplIedonMe5orMe7 0. i 9 Excessdistributionscarryoverto2015 l Subtract"ms7and8fromIIne6a 2,940,670. 10 AnaIySIsoiline9; aExcessfrom2010 788 , 861 . bExcesslrom2011 244,813. cExcesslrom2012 573 , 519. dExcessfrom2013 675 , 863 . eExcessfrom2014 657,614. ll 11-24- I14 Form990-PF(2014)