Form990-PF

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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
FARRER ENDOWMENT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1567
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MASON CITY, IA504021567
A Employer identification number

42-1214699
B Telephone number (see instructions)

(641) 423-5154
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,555,298J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 201,447    
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 284,039
8 Net short-term capital gain.........  
9 Income modifications...........  
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).......      
12 Total. Add lines 1 through 11........ 201,447 284,039  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,300 1,300   1,300
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 16,354 16,354   16,354
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 126 126   126
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,603      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,383 17,780   17,780
25 Contributions, gifts, grants paid....... 287,650 287,650
26 Total expenses and disbursements. Add lines 24 and 25 309,033 17,780   305,430
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -107,586
b Net investment income (if negative, enter -0-) 266,259
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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............. 13,593 6,161 6,161
2 Savings and temporary cash investments......... 216,590 230,966 230,966
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) 130,525 Click to see attachment111,091 88,754
b Investments—corporate stock (attach schedule)....... 2,878,625 Click to see attachment3,389,635 3,655,401
c Investments—corporate bonds (attach schedule)....... 1,954,146 Click to see attachment1,633,679 1,574,016
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,193,479 5,371,532 5,555,298
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 attachment-5,600 Click to see attachment-4,000
23 Total liabilities (add lines 17 through 22)......... -5,600 -4,000
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
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 5,199,079 5,375,532
30 Total net assets or fund balances (see instructions)..... 5,199,079 5,375,532
31 Total liabilities and net assets/fund balances (see instructions). 5,193,479 5,371,532
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
5,199,079
2
Enter amount from Part I, line 27a .....................
2
-107,586
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
284,039
4
Add lines 1, 2, and 3 ..........................
4
5,375,532
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
5,375,532
Form 990-PF (2015)
Form 990-PF (2015)
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 FRANKLIN UTILITIES FUND P 1996-12-27 2015-01-12
b FIRST TRUST PORT SER 19 P 2013-07-24 2015-07-02
c VAN KAMPEN INC TR SER 67 P 1997-06-12 2015-08-31
d FIRST TRUST EQUITY SER 27 P 2010-11-02 2015-09-03
e FRANKLIN UTILITIES FUND P 1996-12-27 2015-10-27
NUVEEN INS CORP TR SER 5 P 2000-08-29 2015-11-15
CLAYMORE SECURITIES SER 1 P 2009-12-14 2015-11-20
FIRST TRUST EQUITY SER 28 P 2010-12-10 2015-12-01
VAN KAMPEN INS INC TR 73 P 2000-02-22 2015-12-08
LONG TERM CAP GAINS MUTUAL FUNDS P 2014-12-31 2015-12-31
(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 100,000 0 60,853 39,147
b 27,863 0 25,354 2,509
c 171,931 0 190,606 -18,675
d 188,780 0 132,774 56,006
e 75,000 0 48,655 26,345
24,040 0 21,075 2,965
4,753 0 13,907 -9,154
65,390 0 44,014 21,376
11,941 0 7,996 3,945
159,575 0 0 159,575
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 0 0 0 39,147
b 0 0 0 2,509
c 0 0 0 -18,675
d 0 0 0 56,006
e 0 0 0 26,345
0 0 0 2,965
0 0 0 -9,154
0 0 0 21,376
0 0 0 3,945
0 0 0 159,575
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 2 284,039
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  
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 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))
2014 285,998 5,846,613 0.048917
2013 251,326 5,524,231 0.045495
2012 227,748 5,176,887 0.043993
2011 241,873 5,060,334 0.047798
2010 218,497 4,792,919 0.045587
2
Total of line 1, column (d) .....................
20.231790
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
0.046358
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
5,694,577
5
Multiply line 4 by line 3......................
5
263,989
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,663
7
Add lines 5 and 6........................
7
266,652
8
Enter qualifying distributions from Part XII, line 4.............
8
305,430
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,663
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 2,663
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,663
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 4,000
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.............. Part VI Line 7 - Original Return Overpayment: -4000 7 4,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
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 1,337
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,337 RefundedBullet 11  
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 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletIA
    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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletN/A
    14
    The books are in care ofbulletHEINY LAW FIRM PLC Telephone no.bullet (641) 423-5154

    Located atbullet11 FOURTH ST NEMASON CITYIA ZIP+4bullet50401
    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 2015, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    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 instructions)? ........
    1b
     
     
    ........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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 4945(d)(4)(A)? (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
     
     
    .........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 (2015)
    Form 990-PF (2015)
    Page 7
    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
    JAMES R HEINY PRESIDENT
    7.00     		1,300 0 0
    MASON
    CITY,IA50401
    FRANK B INGHRAM V-P, TREASURER
    12.00     		0 0 0
    MASON
    CITY,IA50401
    GERALD M STAMBAUGH SEC'Y
    7.00     		0 0 0
    MASON
    CITY,IA50401
    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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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
     
    2  
    3  
    4  
    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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    5,772,195
    b
    Average of monthly cash balances.......................
    1b
    9,101
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,781,296
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,781,296
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    86,719
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,694,577
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    284,729
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    284,729
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    2,663
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,663
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    282,066
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    282,066
    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
    282,066
    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
    305,430
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    305,430
    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
    2,663
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    302,767
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 282,066
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 248,288
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 305,430
    a Applied to 2014, but not more than line 2a 248,288
    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 2015 distributable amount..... 57,142
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		224,924
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    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 2015, enter the date of the ruling.......bullet
     
    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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    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) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GERALD M STAMBAUGH SECRETARY
    P O BOX 1567
    MASON CITY,IA504021567
    (641) 423-5154
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUEST IN SPECIFIC FORM
    cAny submission deadlines:
    JANUARY THRU APRIL 30 EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    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
    KINNEY PIONEER MUSEUM
    P O BOX 421
    MASON CITY,IA50402     		  501C3 NEW ROOF 3,000
    TLC BROADCASTING CORPORATION
    600 FIRST STREET N W
    MASON CITY,IA50401     		  501C3 STUDIO UPGRADESECOND PHASE OF 15,000
    CHARLIE BROWN PRESCHOOL
    600 FIRST STREET N W
    MASON CITY,IA50401     		  501C3 SUPPLIES 5,000
    COMMUNITY KITCHEN N I
    P O BOX 58
    MASON CITY,IA50402     		  501C3 FOOD & SUPPLIES 4,000
    MEALS ON WHEELS
    P O BOX 58
    MASON CITY,IA50402     		  501C3 EXPENSESOPERATIONAL 3,000
    OPPORTUNITY VILLAGE
    1200 NORTH 9TH STREET WEST
    CLEAR LAKE,IA50428     		  501C3 FURNISHINGS FORPURCHASENEW HOMES 4,000
    FRANCIS LAUER YOUTH SERVICES
    50 NORTH EISENHOWER AVE
    MASON CITY,IA50401     		  501C3 SUPPORTON-GOING 30,000
    NIACC FOUNDATION
    500 COLLEGE DRIVE
    MASON CITY,IA50401     		  501C3 NIACC FIRSTSCHOLARSHIPSCAPITAL CAMPAIGN 25,000
    NORTH IOWA VOCATIONAL CENTER INC
    1225 SOUTH HARRISON AVE
    MASON CITY,IA50401     		  501C3 PROJECTSSAFETY 7,000
    THE CHORAL MUSIC GUILD
    1700 FOURTH STREET S E
    MASON CITY,IA50401     		  501C3 UPRIGHT PIANOPURCHASE NEW 4,000
    NORTH CENTRAL IA AG IN THE CLASS PROGRAM
    65 STATE STREET PO BOX 68
    GARNER,IA504380068     		  501C3 AG EDUCATION 2,000
    NORTH IOWA BAND FESTIVAL FD
    25 WEST STATE STREET
    MASON CITY,IA50401     		  501C3 FOR HIGH SCHOOLTRAVEL STIPENDSMARCHING BANDS 7,500
    HANCOCK CO AGRICULTURAL MUSEUM
    2090 JAMES AVENUE
    BRITT,IA50423     		  501C3 IMPROVEMENTSREMODELING 2,000
    CITY OF MASON CITY
    303 2ND ST SE
    MASON CITY,IA50401     		  501C3 EQUIPMENTPURCHASE OF 1,750
    COMMUNITY POLICING AD BD
    78 S GEORGIA AVE
    MASON CITY,IA50401     		  501C3 MATERIALS &EDUCATIONALEQUIPMENT FOR BIKES 1,500
    ROCKWELL SWALEDALE EMT
    3 WALNUT COURT
    ROCKWELL,IA50469     		  501C3 VEHICLEREPLACE 5,000
    CITY OF SWALEDALE
    3 WALNUT COURT
    ROCKWELL,IA50469     		  501C3 SELF CONTAININGPURCHASEBREATHING APPARATUS 4,000
    YOUTH SPORTS FOUNDATION
    2923 CEDAR ST SUITE 3
    MUSCATINE,IA52761     		  501C3 EQUIPMENTPURCHASE 2,000
    NIAD CENTER FOR HUMAN DEV
    P O BOX 656
    MASON CITY,IA50402     		  501C3 WINDOWS & SIDINGREPLACEAT MAIN OFFICE 4,000
    NORTH IOWA COMMUNITY ACTION
    P O BOX 1627
    MASON CITY,IA50401     		  501C3 SUFFICIENCY PROGRAMSUPPORT SELF 25,000
    HABITAT FOR HUMANITY
    1411 SOUTH TAFT AVENUE
    MASON CITY,IA50401     		  501C3 SECURITYPURCHASESYSTEM 3,000
    WINNEBAGO HISTORIAL SOCIETY
    P O BOX 27
    FOREST CITY,IA504360027     		  501C3 REPAIRSPAINTING AND 3,000
    CITY OF MASON CITY
    NORTH IOWA DIVERSITY TEAM
    MASON CITY,IA50401     		  501C3 TEAM ART CONTESTDIVERSITY APP 500
    IOWA LEGAL AID
    600 1ST STREET NW SUITE 103
    MASON CITY,IA50401     		  501C3 EQUIPMENTOFFICE 2,900
    RIVER CITY SOCIETY FOR HISTORIC PRESERVATION
    431 1ST STREET SE
    MASON CITY,IA50401     		  501C3 CARPENTRY PHASEFINISH 3,000
    CITY OF MASON CITY
    225 2ND STREET SE
    MASON CITY,IA50401     		  501C3 COMPACT STORAGEPURCHASE OFSYSTEM ART MUSEUM 4,000
    CONSUMER CREDIT COUNSELING
    404 SOUTH MONROE AVE
    MASON CITY,IA50401     		  501C3 STUDENT EDUCATIONUNDERWRITINGSESSIONS 1,000
    LUTHERAN SERVICES IN IOWA INC
    3116 UNIVERSITY AVE
    DES MOINES,IA50311     		  501C3 PROGRAMVISITATION 4,000
    MASON CITY PUBLIC LIBRARY FDN
    225 2ND ST SE
    MASON CITY,IA50401     		  501C3 PROGRAMMINGYOUTH SERVICES 1,500
    NEWMAN CATHOLIC SCHOOLS
    2445 19TH ST SW
    MASON CITY,IA50401     		  501C3 FOR MULTISENSORYPURCHASE I-PADSAPPROACH TO LEARNING 4,000
    CITY OF RUDD
    402 CHICKASAW ST
    RUDD,IA50471     		  501C3 CAMPGROUNDEXTENDEDROADWAY 5,000
    APPLE DAYCARE INC
    119 NORTH 7TH STREET
    SHEFFIELD,IA50475     		  501C3 SPACE IMPROVEMENTSOFFICE WORK 3,750
    CITY OF ROCKWELL FIRE DEPT
    213 JEFFERSON STREET
    ROCKWELL,IA50469     		  501C3 AIR COMPRESSORPURCHASE OF 5,000
    MASON CITY COMMUNITY SD
    P O BOX 533
    MASON CITY,IA50401     		  501C3 SUPPORT BEHAVORIALLINCOLN SCHOOLINTERVENTION 2,000
    CITY OF MASON CITY
    365 SUMAC ROAD
    MASON CITY,IA50401     		  501C3 RETAINING WALLSPHASE II AND 5,000
    CITY OF MASON CITY
    833 1ST STREET N W
    MASON CITY,IA50401     		  501C3 HOIST RESCUEPURCHASE OF ADVANCEDSYSTEM 3,000
    MASON CITY FOUNDATION
    308 SOUTH PENNSYLVANIA
    MASON CITY,IA50401     		  501C3 EXPENSESOPERATIONAL 5,000
    LINN GROVE RECREATION CENTER INC
    632 SOUTHVIEW DRIVE
    ROCKWELL,IA50469     		  501C3 POOL LIFTPURCHASECHAIR 3,000
    NORTH IOWA TRANSITION CENTER INC
    P O BOX 1503
    MASON CITY,IA504021503     		  501C3 ELECTRONIC HEALTHIMPLEMENTINGRECORD SYSTEM 4,000
    NORTH IOWA COMMUNITY EMERGENCY RESPONSE TEAM
    804 425TH ST
    JOICE,IA50446     		  501C3 AND RESPONSEPURCHASE OF EQPTVEHICLE 5,000
    NORTHERN LIGHTS ALLIANCE FOR THE HOMELESS INC
    202 1ST STREET N W
    MASON CITY,IA50401     		  501C3 NEW FACILITIESCAPITL CAMPAIGN 5,000
    CITY OF FOREST CITY
    106 BEAR CREEK COURT
    FOREST CITY,IA50436     		  501C3 MEDALLIONS FORPURCHASE OFVIET NAM VETS 2,000
    MOHAWK ARCHERY
    1603 PLYMOUTH RD
    MASON CITY,IA50401     		  501C3 CARGO TRAILERPURCHASE ENCLOSED 4,250
    WEST HANCOCK COUNTY AMBULANCE SERVICE INC
    P O BOX 347
    BRITT,IA504230347     		  501C3 RESPONSE EQUIPMENTUPDATE EMERGENCY 2,000
    CITY OF ROCKFORD (LIBRARY)
    202 WEST MAIN AVENUE
    ROCKWELL,IA50469     		  501C3 OF ARCHIVEDIGITIZATIONCOLLECTION 1,000
    CITY OF MASON CITY (FIRE DEPT)
    350 5TH ST S W
    MASON CITY,IA50401     		  501C3 EQUIPMENTPURCHASE OF 3,000
    MASON CITY SCHOOLS INTRUMENTAL MUSIC
    P O BOX 111
    MASON CITY,IA504020111     		  501C3 YAMAHA FRENCHPURCHASEHORN 2,200
    CITY OF MASON CITY (STONE BRIDGE)
    10 FIRST STREET N W
    MASON CITY,IA50401     		  501C3 EAST PARKREHAB STONE BRIDGE 5,000
    HOSPICE OF NORTH IOWA
    232 2ND ST S E
    MASON CITY,IA50401     		  501C3 FOR IN-PATIENTPERSONAL NEED ITEMSUNIT 6,300
    ELDERBRIDGE AGENCY ON AGING
    22 NORTH GEORGIA AVE SUITE 216
    MASON CITY,IA50401     		  501C3 BUDGETOPERATING 2,000
    CENTRAL PRESCHOOL
    601 MILWAUKEE STREET
    CHARLES CITY,IA50616     		  501C3 EQUIPMENTMODERNIZE 3,000
    GIRL SCOUTS OF GREATER IOWA INC
    601 SOUTH ILLINOIS AVE
    MASON CITY,IA50401     		  501C3 IMPLEMENT DIGITAL SYSTEM 5,000
    PATRIOTS FOR PETS RESCUE AND SHELTER INC
    805 NORTH 40TH STREET
    CLEAR LAKE,IA50428     		  502C3 BUILDINGSUPPORTPROJECT 2,000
    LAKE MILLS FAMILY CENTER
    711 HIGHWAY 69
    LAKE MILLS,IA50450     		  501C3 UPDATEBUILDING 2,000
    MERCY MEDICAL CENTER FOUNDATION
    1000 4TH STREET S W
    MASON CITY,IA50401     		  501C3 STUDENT LOANSSCHOLARSHIPS ANDFOR MERCY NURSES 15,000
    WRIGHT ON THE PARK INC
    P O BOX 792
    MASON CITY,IA504020792     		  501C3 AND CHAIRSPURCHASE TABLES 2,500
    MASON CITY SENIOR ACTIVITY CENTER
    326 4TH ST N E
    MASON CITY,IA50401     		  501C3 CENTER POOLRE-FELTINGTABLE 1,000
    ACCESS INCORPORATED
    P O BOX 268
    HAMPTON,IA504410268     		  501C3 USED VEHICLEPURCHASED 2,000
    Total .................................bullet 3a 287,650
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    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
    a
    b
    c
    d
    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....         201,447
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    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 ............     		         
    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)..     201,447
    13Total. Add line 12, columns (b), (d), and (e)..................
    13201,447
    (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.)
    4 INVESTMENT INCOME IS THE SOURCE FOR THE DISTRIBUTIONS TO 501(C)(3)
    4 ORGANIZATIONS
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    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) is based on all information of which preparer has any knowledge.
    Bullet 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 name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -4,000


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VAN KAMPEN INCOME TRUSTS 43,47,49,74,75 161,229 191,310
    50 CLAYMORE SER GUG CORP SER 15 42,651 40,186
    50 CLAYMORE SER GUG CORP SER 17 46,517 43,646
    45 CLAYNORE SER GUG CORP SER 21 40,943 37,261
    62 CLAYMORE SER GUG CORP SER 24 59,695 54,634
    10028 FIRST TRUST EQUITY INC 30 83,624 105,495
    5014 FIRST TRUST EQUITY INC 31 39,469 53,900
    4400 FIRST TRUST EQUITY INC 34 39,169 46,904
    70 GUGG SHRT DUR HI YLD 8 4,326 1,476
    50 ADVISORS ASSET MGMT 42 37,248 34,077
    201 ADVISORS ASSET MGMT 46 177,593 160,967
    60 ADVISORS ASSET MGMT 59 54,619 49,442
    40 ADVISORS ASSET MGMT 62 38,514 33,577
    200 1ST TR PORT SER 3 194,247 179,914
    100 FIRST TRUST HI YIELD SHT #2 31,724 25,912
    100 INVESCO INV GRD TR SER 16 99,750 94,445
    56 1ST TR PORT SER 7 53,464 43,710
    20 GUGG SHRT DUR HI YLD SER 29 16,799 12,920
    50 ADVISORS ASSET MGMT 73 49,401 40,717
    25 ADVISORS ASSET MGMT 77 25,019 20,957
    25 ADVISORS ASSET MGMT 88 28,170 21,927
    15 ADVISORS ASSET MGMT 89 16,984 14,173
    50 ADVISORS ASSET MGMT 91 53,978 48,709
    25 INVESCO INV GRADE SER 38 27,248 26,169
    25 ADVISORS ASSET MGMT 82 27,807 21,524
    5000 FIRST TRUST EQUITY INC 49 48,787 48,300
    39 INVESCO INV GRD TR SER 10 39,911 37,088
    20 INVESCO INV GRF TR SER 44 22,344 20,520
    20 ADVISORS ASSET MGMT 93 21,763 19,151
    50 ADVISORS ASSET MGMT 100 50,686 45,005

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1435 SH CHEVRON CORPORATION 79,648 129,093
    1000 SH GOLDMAN SACHS PFD 6.5% 25,000 26,300
    400 SH ING GRP NV PFD 7.2% 10,472 10,396
    1000 SH PUBLIC STORAGE PFD 6.35% 25,842 25,920
    865 SH EXXON MOBIL CORPORATION 53,896 67,427
    DAVIS NY VENTURE FUND 289,038 252,619
    DEUTSCHE INCOME TR 155,347 111,960
    EURO PACIFIC GROWTH FD 27,708 24,335
    FRANKLIN UTILITY FUND 129,553 185,955
    GROWTH FUND OF AMERICA 248,043 287,301
    INCOME FUND OF AMERICA 372,235 428,386
    INVESTMENT CO OF AMERICA 434,191 474,944
    TEMPLETON GLOBAL GOVT FD 285,743 274,698
    TEMPLETON GLOB TOTAL FD A 175,000 159,698
    WASHINGTON MUTUAL FD 278,032 318,751
    FRANKLIN GROWTH FUND 112,047 183,707
    FRANKLIN INCOME FUND 230,856 213,334
    FRANKLIN MUTUAL FUND 78,207 97,306
    FRANKLIN SMALL CAP FUND 40,606 40,254
    1000 HOSPITALITY 7.125% PFD 26,460 25,850
    1000 PS BUS PARKS 5.75% PFD 21,219 25,100
    1000 CAPITAL ONE PFD 6.2% 26,366 26,290
    1000 DISCOVER FINL PFD 5% 26,612 26,440
    1000 QWEST CORP PFD 6.625% 25,000 25,180
    1500 JP MORGAN PFD 6.1% 37,500 38,835
    1000 BANK OF AMERICA PFD 6.5% 25,000 26,720
    2000 WELLS FARGO PFD 6% 50,000 52,500
    INTL GROWTH & INC FD 100,014 96,102

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    US Government Securities - End of Year Book Value:

    111,091
    US Government Securities - End of Year Fair Market Value:

    88,754
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2015 LegalFeesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HEINY LAW FIRM PLC TAX PREPARATION & ACCOUNTING 16,354     16,354


    TY 2015 OtherExpensesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 3,603      


    TY 2015 OtherIncreasesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Description Amount
    CAPITAL GAINS 284,039


    TY 2015 OtherLiabilitiesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL TAX ESTIMATE -5,600 -4,000
    FEDERAL TAX ESTIMATE -5,600 -4,000


    TY 2015 OtherLiabilitiesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL TAX ESTIMATE -5,600 -4,000
    FEDERAL TAX ESTIMATE -5,600 -4,000


    TY 2015 TaxesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CHECKS 126 126   126