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 BURPEE FOUNDATION
C/O WINDELS MARX LANE & MITTENDORF LLP
Number and street (or P.O. box number if mail is not delivered to street address)156 WEST 56TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10019
A Employer identification number

74-3047509
B Telephone number (see instructions)

(212) 237-1000
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$7,542,373J 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 7 7  
4 Dividends and interest from securities... 197,367 197,367  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 282,496
b Gross sales price for all assets on line 6a 1,112,430
7 Capital gain net income (from Part IV, line 2)... 282,496
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........ 479,870 479,870  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 38,000 3,800   34,200
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 65,192 0   65,192
b Accounting fees (attach schedule)....... Click to see attachment 4,440 2,220   2,220
c Other professional fees (attach schedule).... Click to see attachment 82,270 82,270   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,045 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,083 0   2,083
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 498 248   250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 200,528 88,538   103,945
25 Contributions, gifts, grants paid....... 502,266 502,266
26 Total expenses and disbursements. Add lines 24 and 25 702,794 88,538   606,211
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -222,924
b Net investment income (if negative, enter -0-) 391,332
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.............      
2 Savings and temporary cash investments......... 98,155 107,791 107,791
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)      
b Investments—corporate stock (attach schedule)....... 6,238,245 Click to see attachment6,005,685 7,434,582
c Investments—corporate bonds (attach schedule).......      
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) 6,336,400 6,113,476 7,542,373
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)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 6,336,400 6,113,476
30 Total net assets or fund balances (see instructions)..... 6,336,400 6,113,476
31 Total liabilities and net assets/fund balances (see instructions). 6,336,400 6,113,476
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
6,336,400
2
Enter amount from Part I, line 27a .....................
2
-222,924
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,113,476
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
6,113,476
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 10,000 SHRS. MBIA INC.   2009-07-20 2015-03-24
b 20,000 SHRS OLD REPUBLIC INTL CORP   2009-08-21 2015-05-22
c 5,000 SHRS OLD REPUBLIC INTL CORP   2009-08-21 2015-07-17
d 10,000 SHRS OLD REPUBLIC INTL CORP   2010-02-02 2015-07-17
e 15,000 SHRS PFIZER, INC   2009-03-20 2015-10-01
(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 93,399   85,909 7,490
b 308,448   242,135 66,313
c 80,064   60,534 19,530
d 160,128   121,068 39,060
e 470,391   320,288 150,103
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       7,490
b       66,313
c       19,530
d       39,060
e       150,103
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 2 282,496
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 664,905 8,444,153 0.078741
2013 269,003 7,967,774 0.033761
2012 409,132 6,575,556 0.062220
2011 176,722 6,407,027 0.027583
2010 410,781 5,939,443 0.069162
2
Total of line 1, column (d) .....................
20.271467
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
0.054293
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
8,094,245
5
Multiply line 4 by line 3......................
5
439,461
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,913
7
Add lines 5 and 6........................
7
443,374
8
Enter qualifying distributions from Part XII, line 4.............
8
606,211
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 3,913
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 3,913
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 3,913
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.............. 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 87
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet87 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see 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)
    bulletNY
    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 ofbulletWINDELS MARX LANE MITTENDORF Telephone no.bullet (212) 237-1000

    Located atbullet156 WEST 56TH STREETNEW YORKNY ZIP+4bullet10019
    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
    GEORGE C BALL JR PRES, TREAS & TRUSTE
    5.00     		18,000 0 0
    C/O WINDELS MARX LANE MITTENDORF
    156 WEST 56TH STREET
    NEW YORK,NY10019
    MEL P BARKAN VP, ASST TREAS & TRU
    5.00     		10,000 0 0
    C/O WINDELS MARX LANE MITTENDORF
    156 WEST 56TH STREET
    NEW YORK,NY10019
    DAVID BRAUNER SECY & TRUSTEE
    5.00     		10,000 0 0
    C/O WINDELS MARX LANE MITTENDORF
    156 WEST 56TH STREET
    NEW YORK,NY10019
    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
    KAHN BROTHERS LLC INVESTMENT MANAGEMENT SERVICES 82,270
    555 MADISON AVENUE 22ND FL
    NEW YORK,NY100223301
    WINDELS MARX LANE & MITTENDORF LLP LEGAL SERVICES 65,192
    156 WEST 56TH STREET
    NEW YORK,NY10019
    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 NONE 0
    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
    8,053,430
    b
    Average of monthly cash balances.......................
    1b
    164,078
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,217,508
    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
    8,217,508
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    123,263
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,094,245
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    404,712
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    404,712
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,913
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,913
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    400,799
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    400,799
    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
    400,799
    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
    606,211
    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
    606,211
    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
    3,913
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    602,298
    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 7 400,799
    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...... 122,257
    b From 2011......  
    c From 2012...... 89,990
    d From 2013......  
    e From 2014...... 250,609
    fTotal of lines 3a through e........ 462,856
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 606,211
    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..... 400,799
    e Remaining amount distributed out of corpus 205,412
    5 Excess distributions carryover applied to 2015. 0 0
    (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 5 668,268
    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) ...     		122,257
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		546,011
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 89,990
    c Excess from 2013....  
    d Excess from 2014.... 250,609
    e Excess from 2015.... 205,412
    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 e-mail address of the person to whom applications should be addressed:
    MEL P BARKAN ESQ
    C/O WINDELS MARX LANE ET AL 156
    WEST 56TH STREET
    NEW YORK,NY10019
    (212) 237-1000
    bThe form in which applications should be submitted and information and materials they should include:
    NEW YORK/NEW JERSEY AREA COMMON APPLICATION FORMAT TO BE FOUND ON THE WEBSITE OF THE FOUNDATION CENTER. WWW.FNDCENTER.ORG
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE. BUT FOCUS IS ON HORTICULTURAL, ENVIRONMENTAL AND EDUCATIONAL (PRIMARILY IN THE ABOVE AREAS)
    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
    BOULDER CREST RETREAT
    18370 BLUEMONT VILLAGE LN
    BLUEMONT,VA20135     		NONE PC GENERAL OPERATIONS 15,000
    CHIPPING HILL MICRO FARMS
    518 EDAM RD
    GLENSIDE,PA19308     		NONE PC RESTRICTED TO ITS CHILDHOOD EDUCATION PROGRAM 5,000
    DELAWARE VALLEY COLLEGE
    700 EAST BUTLER AVENUE
    DOYLESTOWN,PA18901     		NONE PC RESTRICTED TO ITS NEXT SYMPOSIUM ENTITLED "PRECARIOUS ALLIANCE -- LAND AND THE AMERICAN DREAM" 25,000
    FRIENDS OF THE PARKS
    17 N STATE STREET
    CHICAGO,IL60602     		NONE PC RESTRICTED TO ITS MINIGRANT PROGRAM 5,000
    GODDARD RIVERSIDE COMMUNITY CENTER
    593 COLUMBUS AVE
    NEW YORK,NY10024     		NONE PC RESTRICTED TO ITS GREEN KEEPERS PROGRAM 25,000
    GROW NYC
    51 CHAMBERS STREET
    NEW YORK,NY10007     		NONE PC RESTRICTED TO ITS "GROW TO LEARN" PROJECT 7,500
    MERCY SHIPS
    PO BOX 220
    GARDEN VALLEY,TX75771     		NONE PC RESTICTED TO ITS "FOOD FOR LIFE: NUTRITIONAL AGRICULTURE PROJECT IN MADAGASCAR" 7,500
    ORME SCHOOL
    1000 E ORME SCHOOL ROAD
    MAYER,AZ86333     		NONE PC FOR THE ESTABLISHMENT AND MAINTENANCE OF ORME'S "FARM TO TABLE PROGRAM AND LEARNING EXPERIENCE" CONTINGENT ON MEETING THE FOUNDATION'S REQUIREMENTS 100,000
    PENNSYLVANIA ACADEMY OF THE FINE ARTS
    118-128 N BROAD ST
    PHILADELPHIA,PA19102     		NONE PC RECTRICTED TO ITS EXHIBITION ENTITLED "THE ARTIST GARDEN: AMERICAN IMPRESSIONISM AND THE GARDEN MOVEMENT, 1887-1920" 5,000
    THE BRIDGE INC
    248 WEST 108TH STREET
    NEW YORK,NY10025     		NONE PC RESTRICTED TO THE CONTINUATION OF ITS HORTICULTURE PROGRAMS 25,000
    THE HORTICULTURAL SOCIETY OF NEW YORK
    148 WEST 37TH STREET 13TH FLOOR
    NEW YORK,NY100186909     		NONE PC RESTRICTED TO ITS GREENTEAM AND GREENHOUSE PROGRAMS AT RIKER'S ISLAND, AND THE BURPEE URBAN AGRICULTURE PROGRAM 115,000
    THE PENNSYLVANIA HORTICULTURAL SOCIETY
    100 N 20TH STREET 5TH FLOOR
    PHILADELPHIA,PA19103     		NONE PC RESTRICTED TO ITS HORTICULTURE PROGRAM AT NORTHEAST CORRECTIONAL FACILITY 159,766
    THE WASHINGTON YOUTH GARDEN OF THE FRIENDS OF NATIONAL ARBORETUM
    BLADENSBURG ROAD NE
    WASHINGTON,DC20002     		NONE PC RESTRICTED TO ITS 2015 SCHOOL AND COMMUNITY EDUCATION PROGRAMS 7,500
    Total .................................bullet 3a 502,266
    bApproved for future payment
    DELAWARE VALLEY COLLEGE
    700 EAST BUTLER AVENUE
    DOYLESTOWN,PA18901     		NONE PC MATCHING GRANT CONTINGENT UPON BEING MATCHED BY ANOTHER DONOR OR DONORS. THIS PORTION OF THE GRANT HAS NOT BEEN PAID. 25,000
    ORME SCHOOL
    1000 E ORME SCHOOL ROAD
    MAYER,AZ86333     		NONE PC IN 2015, ORME AND THE FOUNDATION AGREED TO TERMINATE THE EXISTING MULTI-YEAR GRANT UPON THE PAYMENT BY THE FOUNDATION OF $220,000 IN ADDITION TO THE APPROXIMATELY $30,000 OF THE UNSPENT FUNDS REMAINING IN AN ESCROW ACCOUNT IN THE POSSESSION OF THE SCHOOL. $100,000 WAS PAID IN 2015 AND THE ADDITIONAL $120,000 IS DUE IN AUGUST 2016 CONTINGENT UPON THE SCHOOL REOPENING FOR THE 2016 SCHOOL YEAR. THE GRANT FUNDS SUBJECT TO THE TERMINATION AGREEMENTS ARE RESTRICTED FOR THE COMPENSATION FOR TWO SCIENCE FACULTY POSITIONS. 120,000
    THE HORTICULTURAL SOCIETY OF NEW YORK
    148 WEST 37TH STREET 13TH FLOOR
    NEW YORK,NY100186909     		NONE PC MATCHING GRANT CONTINGENT UPON A MATCH BY OTHER DONORS FOR THE SOCIETY'S ART AND NATURE PROGRAM. THIS PORTION OF THE GRANT HAS NOT BEEN PAID. 20,000
    THE SMITHSONIAN LIBRARIES
    1000 CONSTITUTION AVE NW
    WASHINGTON,DC20560     		NONE PC PAYMENTS OF $110,000 EACH ARE DUE TO BE PAID IN THE FIRST QUARTERS OF 2016 AND 2017 RESTRICTED TO THE FOUNDATION'S SOLE SPONSORSHIP FOR THE "CULTIVATING AMERICA'S GARDEN'S" EXHIBITION 220,000
    Total .................................bullet 3b 385,000
    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 7  
    4 Dividends and interest from securities....     14 197,367  
    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 ............     		    18 282,496  
    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).. 0 479,870 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13479,870
    (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 BURPEE FOUNDATION
     
    C/O WINDELS MARX LANE & MITTENDORF LLP
    EIN:
    74-3047509
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MCGLADREY LLP 4,440 2,220   2,220

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE BURPEE FOUNDATION
     
    C/O WINDELS MARX LANE & MITTENDORF LLP
    EIN:
    74-3047509
    Name of Stock End of Year Book Value End of Year Fair Market Value
    20,000 BP LC SPONSORED ADR 757,854 625,200
    14,000 CITIGROUP INC. 534,070 724,500
    1940 CTM MEDIA HOLDINGS, INC. 16,986 66,639
    11,666 GENIE ENERGY LTD. 233,714 130,076
    15,000 HOLOGIC, INC. 36,100 580,350
    11,666 IDT CORP. 201,856 136,026
    55,000 MBIA INC. 460,505 356,400
    12,883 MERCK & CO INC. 411,695 680,480
    50,000 NAM TAI ELECTRONICS, INC. 381,523 289,500
    50,000 NEW YORK CMNTY BANCORP, INC. 767,415 816,000
    85,000 NEW YORK TIMES CO. 772,598 1,140,700
    5,000 PATTERSON UTI ENERGY, INC. 81,782 75,400
    35,000 PFIZER, INC. 747,340 1,129,800
    5,833 STRAIGHT PATH COMMUNICATION, CL B 40,099 99,978
    69453 TRINITY PL HOLDINGS INC. 293,217 425,733
    30,000 VOXX INT'L CORP. 267,656 157,800
    RESTRICTED TRINITY PLACE HOLDING INC. 1,275 0

    TY 2015 LegalFeesSchedule
    Name:
    THE BURPEE FOUNDATION
     
    C/O WINDELS MARX LANE & MITTENDORF LLP
    EIN:
    74-3047509
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WINDELS MARX LANE & MITTENDORF, LLP 65,192 0   65,192


    TY 2015 OtherExpensesSchedule
    Name:
    THE BURPEE FOUNDATION
     
    C/O WINDELS MARX LANE & MITTENDORF LLP
    EIN:
    74-3047509
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS DEPT OF LAW 250 0   250
    BANK CHARGES 248 248   0


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE BURPEE FOUNDATION
     
    C/O WINDELS MARX LANE & MITTENDORF LLP
    EIN:
    74-3047509
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 82,270 82,270   0


    TY 2015 TaxesSchedule
    Name:
    THE BURPEE FOUNDATION
     
    C/O WINDELS MARX LANE & MITTENDORF LLP
    EIN:
    74-3047509
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 8,045 0   0