Return of Private Foundation OMB No 1545-0052 Fonn 990 -PF or Section 4947 (a)(1) Trust Treated as Private Foundation 014 Do not enter social security numbers on this form as it may be made public. Department of the Treasury ► instructions is www.irs.gov/form990pf. • ' Internal Revenue Service ► Information about Form 990-PF and its separate at For calendar y ear 2014 or tax y ear be innin July 1 , 2014 , and endin g June 30 , 20 15 Name of foundation A Employer identification number NORTHWESTERN MUTUAL LIFE FOUNDATION INC 39-1728908 Number and street (or P 0 box number if mail is not delivered to street address) Room/ suite B Telephone number (see instructions) 720 EAST WISCONSIN AVENUE 4146658643 City or town, state or province, country, and ZIP or foreign postal code q C If exemption application is ► pending, check here MILWAUKEE, WI 53202 G Check all that apply Initial return Initial return of a former public charity D 1 Foreign organizations, check here. • ► Final return Amended return 2 Foreign organizations meeting the Address change Name change 85% test, check here and attach computation . ► H Check type of organization -Section 501(c)(3) exempt private foundation --E E If private foundation status was terminated charitable trust foundation Section 4947 ( a)( 1 ) nonexem pt Other taxable p rivate under section 507(b)(1)(A), check here . ► El I Fair market value of all assets at J Accounting method Cash Accrual - _ - - - F If the foundation is in a 60-month termination 507(b)(1)(B),check here • end of year (from Part fl, col (c), line 0 Other (specify) ____________ under section El 108, 824, 291 (Part cash 16) ► $ 1, column (d) must be on basis) (d) Disbursements Analysis of Revenue and Expenses (The (a) Revenue and total of amounts m columns (b), (c), and (d) (b) Net investment (c) Adjusted net for charitable expenses per income income purposes may not necessanly equal the amounts in books column (a) (see instructions (cash basis only) 24,727,532 fL< 1 Contributions, gifts, grants, etc , received (attach schedule) • required to Check if the foundation is not 2 ► attach Sch B 4,492 4, 492 3 Interest on savings and temporary cash investments. 2,137,708 2,137,708 4 Dividends and interest from securities . 5a Gross rents . b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 1, 891, 903 b Gross sales price for all ;y assets on l ine 6a 1,891, 903 > 7 Capital gain net income (from Part IV, line 2) 8 Net short-term capital gain. 9 Income modifications . 10a Gross sales less returns an d a ll owances • • • • b Less Cost of goods sold . c Gross profit or (loss) (attach schedule) . , , , 1, 136 11 Other income (attach schedule) stmt 1 , , , 1,136 12 Total. Add lines 1 through 11 28, 762, 771 4,035,239 13 Compensation of officers, directors, trustees, etc d 14 Other employee salaries and wages . y 15 Pension plans, employee benefits . d of D x 16a Legal fees (attach schedule) , , , , . W b Accounting fees (attach schedule) , ® 1_ 7 >_ c Other professional fees (attach schedule). 17 Interest . 641 1, 641 i N 18 Taxes (attach schedule) (see InstructloW. t, 1 1, c 19 Depreciation (attach schedule) and depletion. Q 20 Occupancy . -0 21 Travel, conferences, and meetings . 22 Printing and publications . 1r180,985 C2 23 Other expenses (attach schedule)Stmt .1. 1,299,828 105,295 24 Total operating and administrative expenses. 1,180,985 Add lines 13 through 23. 1 , 301, 469 106,936 17, 870, 280 O 25 Contributions , gifts, grants paid . 17, 870, 280 19, 051, 265 26 Total exp enses and disbursements Add lines 24 and 25 19, 171, 749 106, 936 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements . 9,591,022 b Net investment income (if negative, enter -0-) 3,928,303 c Adjusted net income (if negative, enter -0-). - JSA For Paperwork Reduction Act Notice , see instructions . Form VVU-rr (2014) 4 E 1 4 1 01 000 ^^^^ Form 990-PF (2014) Page 2 Attached schedules and amounts in the Beginning of year End of year Balance Sheets description column should be for end-of-year amounts only (See instructions) (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing . -199,416 3,096,996 2 Savings and temporary cash investments . Accounts receivable 3 ► ----------------------- Less allowance for doubtful accounts ► ------------ 4 Pledges receivable ► ------------------------ Less allowance for doubtful accounts ► 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) ► - - - - Less allowance for doubtful accounts ► _ _ _ _ _ _ _ _ 8 Inventories for sale or use _ _ _ 9 Prepaid expenses and deferred charges . 10a Investments - U S and state government obligations (attach schedule). b Investments - corporate stock (attach schedule)Attachment 2 96, 426, 126 103, 835, 057 c Investments - corporate bonds (attach schedule), • • • • , • , 0 0 11 Investments - land, buildings, and equipment basis ► __________________ Less accumulated depreciation ► (a ttac h sch ed u l e) ------------------- 12 Investments - mortgage loans . 13 Investments - other (attach schedule) . 14 Land, buildings, and ► equipment basis __________________ Less accumulated depreciation ► (attach schedule) ------------------- 15 Other assets (describe Investment Inc --- ) 3,505,656 1,892,238 16 Total assets (to be completed--- -------------by all filers - see the instructions Also, see page 1, item I) 99, 732, 366 108, 824, 291 17 Accounts payable and accrued expenses , , , , , , , , , , , 26,404 28,908 18 Grants payable , , , , , , , , , , , , , , , , , , , , , , . y 19 Deferred revenue . 20 Loans from officers, directors, trustees, and other disqualified persons _ 21 Mortgages and other notes payable (attach schedule) , . • , (describe 't 22 Other liabilities ► ------------------- ) 23 Total liabilities (add lines 17 through 22) . 26,404 28, 908 Foundations that follow SFAS 117, check here. ► y and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted . 25 Temporarily restricted , , , , , , , , , , , , , , , , , , , , 26 Permanently restricted . Foundations t h at d o not fo ll ow SFAS 117 , . q LL ► check here and complete lines 27 through 31. y 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 . 99, 705, 962 108, 795, 383 a 30 Total net assets or fund balances (see instructions) • , , , , • 99, 705, 962 108, 795, 383 Z 31 Total liabilities and net assets/fund balances (see Instructions) . 99, 705, 962 108, 795, 383 FUMM 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 99, 705, 962 2 Enter amount from Part I, line 27a .............•............•.•......... 2 9f591,022 3 Other increases not included in line 2 (itemize) Appreciation (Depreciation) __-__ 3 -501, 601 ------------------------------- 4 Add lines 1, 2, and 3 4 108, 795, 383 5 Decreases not included in line 2 (itemize) 5 ►---------------------------------------- 6 Total net assets or fund balances at end of ear line 4 minus line 5 -Part II, column ( b ), line 30 . 6 108, 795, 383 Form 990 -PF (2014) JSA 4E1420 1 000 Form 990-PF (2014) Page 3 FMffM Ca p ital Gains and Losses for Tax on Investment Income (b) How (a)() List and describe the kinds() of property sold (a g real estate , (c) Date acquired uu (d) Date sold 2-story brick warehouse, or common stock, 200 shs MLC Co) P - Purchase ired (mo,day, yr) .9-Donation (mo qdaY,Yr) 1a ATTACHMENT 3 VARIOUS VARIOUS b c d e Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price (f) (or allowable) plus expense of sale (e) plus (f) minus (g) a 1,891,903 b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus Adjusted basis (k) Excess of col (1) col (k), but not less than -0-) or (i) F M V as of 12/31/69 (j) as of 12/31/69 over col 0), if any Losses (from col (h)) a 1,891,903 b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) Part { If (loss), enter -0- in I, line 7 } 2 1,891 ,903 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 3 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 ? Yes No If "Yes ," the foundation does not qualify under section 4940 ( e) Do not complete this part I Enter the appropriate amount in each column for each year, see the instructions before making any entries (a ) Base period years Distribution ratio Calendar year (or tax year beginning in) Adjusted qual ifying distributions Net value of nonc(haritable use assets (col (b ) divided by col (c)) 2013 19,862,419 102,202,983 0.1943 2012 17,567,915 110,752,151 0.1586 2011 15,744,772 98,827,452 0.1593 2010 16,214,093 98,263,999 0.1650 2009 15,630,769 94,877,078 0.1647 2 Total of line 1, column (d) 2 0.8419 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 .