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
THE CERES FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)328 EAST BAY STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLESTON, SC29401
A Employer identification number

58-2479387
B Telephone number (see instructions)

(843) 377-0782
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$30,058,245J 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 131,557 131,557  
4 Dividends and interest from securities... 547,941 547,941  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,426,032
b Gross sales price for all assets on line 6a 24,526,528
7 Capital gain net income (from Part IV, line 2)... 2,426,032
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)....... Click to see attachment 7,670 2,504  
12 Total. Add lines 1 through 11........ 3,113,200 3,108,034  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 96,888 0   96,888
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 24,900 0   24,900
16a Legal fees (attach schedule)......... Click to see attachment 5,812 0   4,650
b Accounting fees (attach schedule)....... Click to see attachment 5,000 0   2,500
c Other professional fees (attach schedule).... Click to see attachment 376,100 360,871   15,229
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 67,613 21,910   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 52,304 0  
20 Occupancy.............. 96,013 0   96,013
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,433 10,075   8,358
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 743,063 392,856   248,538
25 Contributions, gifts, grants paid....... 1,117,513 1,117,513
26 Total expenses and disbursements. Add lines 24 and 25 1,860,576 392,856   1,366,051
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,252,624
b Net investment income (if negative, enter -0-) 2,715,178
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.............   34,443 34,443
2 Savings and temporary cash investments......... 2,191,532 1,577,693 1,577,693
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.......... 39,960 45,600 45,600
10a Investments—U.S. and state government obligations (attach schedule) 460,184 Click to see attachment926,038 926,740
b Investments—corporate stock (attach schedule)....... 15,905,775 Click to see attachment10,290,692 10,729,010
c Investments—corporate bonds (attach schedule)....... 2,712,302 Click to see attachment1,984,289 1,967,338
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,596,509 Click to see attachment13,422,588 12,486,432
14 Land, buildings, and equipment: basis bullet2,348,043
Less: accumulated depreciation (attach schedule) bullet669,054 1,721,293 Click to see attachment1,678,989 1,678,989
15 Other assets (describe bullet) Click to see attachment612,000 Click to see attachment612,000 Click to see attachment612,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,239,555 30,572,332 30,058,245
Liabilities 17 Accounts payable and accrued expenses.......... 16,567  
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 attachment351,941 Click to see attachment448,661
23 Total liabilities (add lines 17 through 22)......... 368,508 448,661
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 28,871,047 30,123,671
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 instructions)..... 28,871,047 30,123,671
31 Total liabilities and net assets/fund balances (see instructions). 29,239,555 30,572,332
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
28,871,047
2
Enter amount from Part I, line 27a .....................
2
1,252,624
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
30,123,671
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
30,123,671
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 RAYMOND JAMES - 7137      
b RAYMOND JAMES - 7137      
c RAYMOND JAMES - 7137      
d RAYMOND JAMES - 7137 (FOREIGN)      
e RAYMOND JAMES - 7137 (FOREIGN)      
RAYMOND JAMES - 9034      
RAYMOND JAMES - 5170      
RAYMOND JAMES - 5170      
RAYMOND JAMES - 5170      
RAYMOND JAMES - 5432      
RAYMOND JAMES - 5432      
CAPITAL GAINS DIVIDENDS 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 4,784,135   4,913,587 -129,452
b 10,952,244   8,237,498 2,714,746
c 294     294
d 4,012   4,781 -769
e 73,509   63,497 10,012
150,000   150,000 0
1,725,677   1,744,926 -19,249
1,935,056   1,911,182 23,874
376,626   376,626 0
3,594,028   3,903,210 -309,182
845,257   795,189 50,068
85,690     85,690
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       -129,452
b       2,714,746
c       294
d       -769
e       10,012
      0
      -19,249
      23,874
      0
      -309,182
      50,068
      85,690
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 2,426,032
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 1,387,967 29,720,217 0.046701
2013 1,242,697 27,919,722 0.044510
2012 1,245,686 25,661,886 0.048542
2011 1,268,573 26,789,690 0.047353
2010 1,389,633 26,271,606 0.052895
2
Total of line 1, column (d) .....................
20.240001
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
0.048000
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
28,578,904
5
Multiply line 4 by line 3......................
5
1,371,787
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
27,152
7
Add lines 5 and 6........................
7
1,398,939
8
Enter qualifying distributions from Part XII, line 4.............
8
1,366,051
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 54,304
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 54,304
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 54,304
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 45,600
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 45,600
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 8,704
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   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$ 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
 
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)
    bulletSC
    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 ofbulletSTEPHEN GAVEL Telephone no.bullet (843) 377-0782

    Located atbullet328 EAST BAY STREETCHARLESTONSC ZIP+4bullet29401
    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
     
    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 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
    STEPHEN L GAVEL PRESIDENT/EXEC. DIRECTOR
    30.00     		96,888 24,900 0
    BREWTON PLANTATION
    YEMASSEE,SC29945
    FRANK GAVEL JR TREASURER
    2.00     		0 0 0
    14 WILLOW BROOK LANE
    NEWTOWN,CT06470
    LINDA GAVEL WEBB VICE PRESIDENT
    1.00     		0 0 0
    3861 COUNTRY CLUB ROAD
    TROUTVILLE,VA24175
    SHARON O'QUINN SECRETARY
    1.00     		0 0 0
    328 EAST BAY STREET
    CHARLESTON,SC29401
    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
    EAGLE ASSET MANAGEMENT INVESTMENT MANAGEMENT 360,871
    880 CARILLON PARKWAY
    ST PETERSBURG,FL33733
    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.........................bullet0
    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
    27,312,062
    b
    Average of monthly cash balances.......................
    1b
    1,702,054
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,014,116
    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
    29,014,116
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    435,212
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,578,904
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,428,945
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,428,945
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    54,304
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    54,304
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,374,641
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,374,641
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,374,641
    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
    1,366,051
    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
     
    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
    1,366,051
    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
    1,366,051
    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 1,374,641
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 97,395
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 97,395
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,366,051
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 1,366,051
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 8,590 8,590
    (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 88,805
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    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) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		88,805
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    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).)
    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 or email address 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 (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
    ABILITY BEYOND DISABILITY
    4 BERKSHIRE BOULEVARD
    BETHEL,CT06801     		NONE PUBLIC CHARITY GENERAL FUND 10,000
    AMI KIDS BEAUFORT
    60 HONEYBEE ISLAND RD
    SEABROOK,SC29940     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    AMOS HOUSE
    34 ROCKY GLEN RD
    DANBURY,CT06810     		NONE PUBLIC CHARITY GENERAL FUND 10,000
    ANN'S PLACE
    39 OLD RIDGEBURY RD P-4 SUITE 17
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GENERAL FUND 10,000
    AUDUBON SC
    336 SANCTUARY RD
    HARLEYVILLE,SC29448     		NONE OTHER PUBLIC CHARITY EDUCATION & CONSERVATION 20,000
    BARRIER ISLANDS FREE MEDICAL CLINIC
    220 RHETTS BLUFF
    KIAWAH ISLAND,SC29455     		NONE OTHER PUBLIC CHARITY GENERAL FUND/ HONOR B. KUNES 3,000
    BEAUFORT MEMORIAL HOSPITAL FOUNDATION
    PO BOX 2233
    BEAUFORT,SC29901     		NONE OTHER PUBLIC CHARITY LIFE FIT FUND 5,000
    BEST PETS INC
    4567 W MONCRIEFF PLACE
    DENVER,CO80212     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    BLUE RIDGE LITERACY
    706 S JEFFERSON STREET
    ROANOKE,VA24016     		NONE PUBLIC CHARITY OPERATING FUND 20,000
    BOYS FARM INC
    PO BOX 713
    NEWBERRY,SC29108     		NONE OTHER PUBLIC CHARITY PER PROPOSAL 15,000
    BUSINESS & INDUSTRY FOUNDATION OF WEST CONNECTICUT
    39 WEST STREET
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    CATESBY COMMEMORATIVE TRUST
    102 MARSH ELDER COURT
    KIAWAH ISLAND,SC29455     		NONE OTHER PUBLIC CHARITY GENERAL FUND 3,000
    CENTER FOR HEIRS PROPERTY
    1535 SAM RITTENBERG BLVD STE D
    CHARLESTON,SC29407     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    CENTER IN THE SQUARE
    1 MARKET SQ SE
    ROANOKE,VA24011     		NONE OTHER PUBLIC CHARITY TABLE SPONSORSHIP 400
    CHANNEL 3 KIDS CAMP
    73 TIMES FARM RD
    ANDOVER,CT06232     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    CHARLESTON ANIMAL SOCIETY
    2455 REMOUNT ROAD
    NORTH CHARLESTON,SC29406     		NONE OTHER PUBLIC CHARITY SPAY/NEUTER 3,000
    CHARLESTON HORTICULTURAL SOCIETY
    46 WINDERMERE BOULEVARD
    CHARLESTON,SC29407     		NONE OTHER PUBLIC CHARITY YEAMANS HALL EVENT 5,000
    CHARLESTON LIBRARY SOCIETY
    164 KING STREET
    CHARLESTON,SC29401     		NONE PUBLIC CHARITY DIGITIZING COLLECTION 10,000
    COMMUNITY HIGH SCHOOL
    302 CAMPBELL AVENUE SE
    ROANOKE,VA24013     		NONE PUBLIC CHARITY GENERAL FUND 2,500
    CONNECTICUT BURNS CARE FOUNDATION INC
    601 BOSTON POST ROAD
    MILFORD,CT06460     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    CONNECTICUT CHILDREN'S MEDICAL CENTER FOUNDATION INC
    282 WASHINGTON STREET
    HARTOFRD,CT06106     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    CORNELIA CONNELLY CENTER
    220 EAST FOURTH STREET
    NEW YORK,NY10009     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    CYCLE FOR SURVIVAL
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE PUBLIC CHARITY HONOR OF LISA CLARK 10,000
    CYSTIC FIBROSIS FOUNDATION - IOWA CHAPTER
    1025 ASHWORTH RD SUITE 512
    WEST DES MOINES,IA50312     		NONE OTHER PUBLIC CHARITY SHOOT FOR THE CURE 5,000
    DOROTHY DAY HOSPITALITY HOUSE
    PO BOX 922
    DANBURY,CT06813     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    EAST COOPER MEALS ON WHEELS
    PO BOX 583
    MT PLEASANT,SC29465     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    FENNELL ELEMENTARY SCHOOL
    PO BOX 427
    YEMASSEE,SC29945     		NONE OTHER PUBLIC CHARITY PER PROPOSAL 50,000
    FOOD AND ALLERGY RESEARCH AND EDUCATION
    7925 JONES BRANCH DRIVE SUITE 1100
    MCLEAN,VA22102     		NONE PUBLIC CHARITY EVENT 650
    FRIENDS OF CAROLINE HOSPICE
    1110 13TH STREET
    PORT ROYAL,SC29935     		NONE OTHER PUBLIC CHARITY GENERAL FUND 20,000
    FRIENDS OF THE BEAUFORT COUNTY LIBRARY
    311 SCOTT ST
    BEAUFORT,SC29902     		NONE OTHER PUBLIC CHARITY GENERAL FUND 1,000
    GIBBES MUSEUM OF ART
    135 MEETING ST
    CHARLESTON,SC29401     		NONE OTHER PUBLIC CHARITY CAPITAL CAMPAIGN 25,000
    GOLDEN OPPORTUNITIES NETWORK
    1 RIVERSIDE ROAD
    SANDY HOOK,CT06482     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    GROWFOOD CAROLINA
    900 MORRISON DRIVE
    CHARLESTON,SC29403     		NONE PUBLIC CHARITY GENERAL FUND 25,000
    INTERNATIONAL MEDICAL CORPS
    1919 SANTA MONICA BLVD SUITE 300
    SANTA MONICA,CA90404     		NONE OTHER PUBLIC CHARITY GENERAL FUND 20,000
    JEFFERSON CENTER FOUNDATION
    541 LUCK AVENUE SW SUITE 221
    ROANOKE,VA24016     		NONE OTHER PUBLIC CHARITY GENERAL FUND 25,000
    KEVIN'S COMMUNITY CENTER
    31 PECKS LANE
    NEWTOWN,CT06470     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    LIGHTHOUSE CHURCH
    1177 GREGORIE FERRY RD
    MT PLEASANT,SC29466     		NONE OTHER PUBLIC CHARITY LOCAL MISSIONS 5,000
    LITERACY VOLUNTEERS OF AMERICA - DANBURY
    248 MAIN STREET
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    LOWCOUNTRY OPEN LAND TRUST
    485 EAST BAY STREET
    CHARLESTON,SC29403     		NONE OTHER PUBLIC CHARITY ACE/SOLO POSITION 30,000
    MILL MOUNTAIN ZOO
    PO BOX 13484
    ROANOKE,VA24034     		NONE PUBLIC CHARITY TOWARDS CHALLENGE 10,000
    NATIONAL PKU ALLIANCE
    PO BOX 501
    TOMAHAWK,WI54487     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    THE NATURE CONSERVANCY OF SC
    PO BOX 20246
    CHARLESTON,SC29413     		NONE OTHER PUBLIC CHARITY ACE BASIC FUND 5,000
    OPERA ROANOKE
    1 MARKET SQ SE STE 2
    ROANOKE,VA24011     		NONE OTHER PUBLIC CHARITY EDUCATION 5,000
    PRINCETON UNIVERSITY ART MUSEUM
    PO BOX 5357
    PRINCETON,NJ08543     		NONE OTHER PUBLIC CHARITY BERLIN PAINTER EXHIBIT 10,000
    QUALITY DEER MANAGEMENT ASSOCIATION
    PO BOX 160
    BOGART,GA30622     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    REGIONAL HOSPICE OF WESTERN CT
    405 MAIN STREET
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GENERAL FUND 25,000
    REGIONAL YMCA OF WESTERN CONNECTICUT
    2 HUCKELBERRY HILL RD
    BROOKFIELD,CT06804     		NONE OTHER PUBLIC CHARITY GOLF TOURNAMENT 5,000
    ROANOKE AREA YOURTH SUBSTANCE ABUSE COALITION
    PO BOX 13543
    ROANOKE,VA24035     		NONE PUBLIC CHARITY CHALLENGE 30,288
    ROANOKE SYMPHONY ORCHESTRA
    541 LUCK AVENUE SW SUITE 200
    ROANOKE,VA24016     		NONE PUBLIC CHARITY GENERAL FUND 25,000
    SAFE HAVEN OF GREATER WATERBURY
    29 CENTRAL AVENUE
    WATERBURY,CT06702     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    SHELDON FIRE DEPARTMENT
    PO BOX 129
    SHELDON,SC29941     		NONE OTHER PUBLIC CHARITY GENERAL FUND 2,000
    SIMPLY SMILES
    1771 POST ROAD EAST
    WESTPORT,CT06880     		NONE OTHER PUBLIC CHARITY ORGANIC MICRO FARM 30,000
    SOUTH CAROLINA AQUARIUM
    100 AQUARIUM WHARF
    CHARLESTON,SC29401     		NONE OTHER PUBLIC CHARITY EDUCATIONAL PROGRAMS 10,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    201 WEST MAIN ST SUITE 14
    CHARLOTTESVILLE,VA22902     		NONE OTHER PUBLIC CHARITY CHARLESTON OFFICE 15,000
    TAUBMAN MUSEUM OF ART
    110 SALEM AVENUE SE
    ROANOKE,VA24011     		NONE OTHER PUBLIC CHARITY TABLE LUNCHEON 1,100
    TULANE UNIVERSITY
    3439 PRYTANIA STREET
    NEW ORLEANS,LA70115     		NONE PUBLIC CHARITY GENERAL FUND 10,000
    UNIVERSITY OF CT MASTER GARDENER
    2390 ALUMNI DRIVE UNIT 3206
    STORRS,CT06269     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    WATER MISSIONS INTERNATIONAL
    PO BOX 31258
    CHARLESTON,SC29417     		NONE OTHER PUBLIC CHARITY GENERAL FUND 4,000
    WEST END CENTER
    1226 PATTERSON AVE SW
    ROANOKE,VA24016     		NONE OTHER PUBLIC CHARITY GENERAL FUND 5,000
    WESTERN CT HEALTH NETWORK
    24 HOSPITAL AVENUE
    DANBURY,CT06810     		NONE OTHER PUBLIC CHARITY GENERAL FUND 50,000
    AMI KIDS BEAUFORT
    60 HONEYBEE ISLAND RD
    SEABROOK,SC29940     		NONE PUBLIC CHARITY CROQUET TOUR 2,000
    BEAUFORT COUNTY OPEN LAND TRUST
    PO BOX 75
    BEAUFORT,SC29901     		NONE PUBLIC CHARITY BATTERY CREEK PARK 250,000
    BIG BROTHERS BIG SISTERS
    124 WELLS AVENUE NW
    ROANOKE,VA24016     		NONE PUBLIC CHARITY GENERAL FUND 5,000
    BRAIN INJURY SERVICES OF SW VA
    PO BOX 2023
    CLINTWOOD,VA24228     		NONE PUBLIC CHARITY GENERAL FUND 10,000
    CAMP HAPPY DAYS
    1622 ASHLEY HALL RD
    CHARLESTON,SC29407     		NONE OTHER PUBLIC CHARITY GENERAL FUND 3,000
    CENTER IN THE SQUARE
    ONE MARKET SQUARE SE 5TH FLOOR
    ROANOKE,VA240111434     		NONE   GENERAL FUND 25,000
    CHARLESTON MUSEUM
    360 MEETING STREET
    CHARLESTON,SC29403     		NONE   NATURAL HISTORY GALLERY 20,000
    CIVIL WARS PRESERVATION TRUST
    1156 15TH STREET NW SUITE 900
    WASHINGTON,DC20005     		NONE   PRESERVATION MEMORY OF MRS. J DOUTHAT 50,000
    COMMUNITY SCHOOL
    7815 WILLIAMSON ROAD
    ROANOKE,VA24019     		NONE   MUSIC PROGRAM 5,000
    FRIENDS OF DRAYTON HALL NATIONAL TRUST FOR HISTORIC PRESERVATION
    3380 ASHLEY RIVER ROAD
    CHARLESTON,SC29414     		NONE   COLLECTIONS FUND 5,000
    FRIENDS OF GARDENS CORNER
    PO BOX 120
    SHELDON,SC29941     		NONE   GENERAL FUND 1,000
    LAND TRUST ALLIANCE
    1660 L STREET NW
    WASHINGTON,DC200365635     		NONE   GENERAL FUND 5,000
    PRESERVATION SOCIETY OF CHARLESTON
    PO BOX 521
    CHARLESTON,SC29402     		NONE   SERGEAANT JASPER 5,000
    PRESERVATION SOCIETY OF CHARLESTON
    PO BOX 521
    CHARLESTON,SC29402     		NONE   STUDY OSCR 30,000
    SCAN
    PO BOX 41
    NEWTOWN,CT06470     		NONE   GENERAL FUND 3,000
    SOUTH CAROLINA COASTAL CONSERVATION LEAGUE
    PO BOX 1765
    CHARLESTON,SC294021765     		NONE   GENERAL FUND 20,000
    SOUTHWEST VIRGINIA BALLET COMPANY
    PO BOX 3275
    ROANOKE,VA24015     		NONE   GENERAL FUND 5,000
    SUSAN G KOMEN BREAST CANCER FOUNDATION
    4910 VALLEY VIEW BLVD SUITE 212
    ROANOKE,VA24012     		NONE   TABLE LUNCHEON 775
    TRUST FOR NATURAL WILDLIFE HABITATS
    7272 HENDERSONVILLE HWY
    WALTERBORO,SC29488     		NONE   GENERAL FUND 5,000
    UNIVERSITY OF TEXAS AT AUSTIN
    2210 SPEEDWAY C3400
    AUSTIN,TX78712     		NONE   STUDENT TRAVEL 5,000
    YMCA OF ROANOKE VALLEY
    PO BOX 2130
    ROANOKE,VA24016     		NONE   CHEFS TABLE 1,800
    Total .................................bullet 3a 1,117,513
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 131,557  
    4 Dividends and interest from securities....     14 547,941  
    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.....     14 7,670  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 2,426,032  
    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).. 0 3,113,200 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,113,200
    (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.)
    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:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,000 0   2,500

    TY 2015 CashDeemedCharitableExplnStmt
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Explanation:
    CASH GENERATED IN INVESTMENT ACCOUNTS IS TRANSFERRED PERIODICALLY INTO THE OPERATING ACCOUNT TO PAY ONGOING OPERATIONAL COSTS OF THE FOUNDATION.

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    TY 2015 DepreciationSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 2003-04-15 1,407,046 422,338 SL 39.000000000000 36,078 0    
    BUILDING IMPROVEMENTS 2003-04-15 25,520 7,657 SL 39.000000000000 654 0    
    BUILDING IMPROVEMENTS 2003-08-01 329,755 95,542 SL 39.000000000000 8,455 0    
    BUILDING IMPROVEMENTS 2003-09-01 38,592 11,187 SL 39.000000000000 990 0    
    BUILDING IMPROVEMENTS 2004-01-15 6,843 1,918 SL 39.000000000000 175 0    
    BUILDING IMPROVEMENTS 2004-03-18 15,384 4,252 SL 39.000000000000 394 0    
    BUILDING IMPROVEMENTS 2004-04-01 21,684 5,954 SL 39.000000000000 556 0    
    BUILDING IMPROVEMENTS 2004-04-01 385 107 SL 39.000000000000 10 0    
    BUILDING IMPROVEMENTS 2004-04-14 24,847 6,821 SL 39.000000000000 637 0    
    BUILDING IMPROVEMENTS 2004-10-01 86,800 22,724 SL 39.000000000000 2,226 0    
    AQUARIUM 2003-08-06 2,809 2,809 200DB 7.000000000000 0 0    
    DESK 2003-05-01 7,314 7,314 200DB 10.000000000000 0 0    
    FURNITURE 2003-07-24 10,426 10,426 200DB 10.000000000000 0 0    
    STATUE OF CERES 2004-12-14 6,000 6,000 200DB 7.000000000000 0 0    
    ARTWORK 2005-07-19 19,892     0 % 0 0    
    FAX MACHINE 1999-08-31 205 205 200DB 5.000000000000 0 0    
    COMPUTER AND PRINTER 2005-09-29 1,602 1,602 200DB 5.000000000000 0 0    
    LAND 2003-04-15 248,300   L   0 0    
    BUILDING IMPROVEMENTS 2009-05-04 7,121 1,037 SL 39.000000000000 183 0    
    BUILDING IMPROVEMENTS 2009-07-09 26,565 3,746 SL 39.000000000000 681 0    
    BUILDING IMPROVEMENTS 2009-08-13 9,740 1,354 SL 39.000000000000 250 0    
    BUILDING IMPROVEMENTS 2009-10-15 12,348 1,664 SL 39.000000000000 317 0    
    COMPUTER 2009-07-02 1,640 820 200DB 5.000000000000 0 0    
    BUILDING IMPROVEMENTS 2004-05-22 10,797 277 SL 39.000000000000 277 0    
    BUILDING IMPROVEMENTS 2014-08-14 16,428 176 SL 39.000000000000 421 0    
    BUILDING IMPROVEMENTS 2015-12-16 10,000   SL 39.000000000000 0 0    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Name of Bond End of Year Book Value End of Year Fair Market Value
    RAYMOND JAMES - CORPORATE BONDS 1,984,289 1,967,338

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Name of Stock End of Year Book Value End of Year Fair Market Value
    RAYMOND JAMES - CORPORATE STOCK 10,290,692 10,729,010

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    US Government Securities - End of Year Book Value:

    926,038
    US Government Securities - End of Year Fair Market Value:

    926,740
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RAYMOND JAMES - ASSET BACKED SECURITIES AT COST 1,933,125 1,923,008
    RAYMOND JAMES - REITS/TANGIBLES AT COST 150,106 131,650
    RAYMOND JAMES - ALTERNATIVE INVESTMENTS AT COST 1,264,703 1,166,978
    RAYMOND JAMES - OPEN-END FUNDS AT COST 2,508,006 2,288,581
    RAYMOND JAMES - EXCHANGE TRADED PRODUCTS AT COST 7,566,648 6,976,215

    TY 2015 LandEtcSchedule2
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 1,407,046 458,416 948,630  
    BUILDING IMPROVEMENTS 25,520 8,311 17,209  
    BUILDING IMPROVEMENTS 329,755 103,997 225,758  
    BUILDING IMPROVEMENTS 38,592 12,177 26,415  
    BUILDING IMPROVEMENTS 6,843 2,093 4,750  
    BUILDING IMPROVEMENTS 15,384 4,646 10,738  
    BUILDING IMPROVEMENTS 21,684 6,510 15,174  
    BUILDING IMPROVEMENTS 385 117 268  
    BUILDING IMPROVEMENTS 24,847 7,458 17,389  
    BUILDING IMPROVEMENTS 86,800 24,950 61,850  
    AQUARIUM 2,809 2,809 0  
    DESK 7,314 7,314 0  
    FURNITURE 10,426 10,426 0  
    STATUE OF CERES 6,000 6,000 0  
    ARTWORK 19,892 0 19,892  
    FAX MACHINE 205 205 0  
    COMPUTER AND PRINTER 1,602 1,602 0  
    LAND 248,300 0 248,300  
    BUILDING IMPROVEMENTS 7,121 1,220 5,901  
    BUILDING IMPROVEMENTS 26,565 4,427 22,138  
    BUILDING IMPROVEMENTS 9,740 1,604 8,136  
    BUILDING IMPROVEMENTS 12,348 1,981 10,367  
    COMPUTER 1,640 1,640 0  
    BUILDING IMPROVEMENTS 10,797 554 10,243  
    BUILDING IMPROVEMENTS 16,428 597 15,831  
    BUILDING IMPROVEMENTS 10,000 0 10,000  


    TY 2015 LegalFeesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 5,812 0   4,650


    TY 2015 OtherAssetsSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PROGRAM RELATED ARTWORK 612,000 612,000 612,000


    TY 2015 OtherExpensesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 8,358 0   8,358
    ACCRUED INTEREST ON BONDS 10,075 10,075   0


    TY 2015 OtherIncomeSchedule2
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NONDIVIDEND DISTRIBUTIONS 5,166 0 5,166
    OTHER PORTFOLIO INCOME 2,504 2,504 2,504


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL WITHHOLDING TAXES PAYABLE 1,798 2,798
    PENDING TRANSACTIONS 350,143 445,863


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 360,871 360,871   0
    BOOKKEEPING 15,229 0   15,229


    TY 2015 TaxesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 21,910 21,910   0
    EXCISE TAX 45,703 0   0