TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
Ocean State Power Scholarship Foundation Limited

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 245
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
North Uxbridge, MA01538

A Employer identification number

22-2908697

B Telephone number (see instructions)

(508) 278-3694

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$737,352J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	7,670		7,670	7,670
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		38,506
b	Gross sales price for all assets on line 6a 238,746
7	Capital gain net income (from Part IV, line 2)...			38,506
8	Net short-term capital gain.........				4,792
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........	46,176		46,176	12,462
13	Compensation of officers, directors, trustees, etc.	2,200			2,200
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,000		2,000
c	Other professional fees (attach schedule)....		3,144	3,144
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,107	2,057	50
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		99		99
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	9,550		5,201	4,349	0
25	Contributions, gifts, grants paid.......	31,625				31,625
26	Total expenses and disbursements. Add lines 24 and 25	41,175		5,201	4,349	31,625
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	5,001
b	Net investment income (if negative, enter -0-)			40,975
c	Adjusted net income (if negative, enter -0-)...				8,113

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	21,268	16,432	16,432
	2	Savings and temporary cash investments.........	8,552	3,307	3,307
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	183,154	201,342	204,853
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	428,459	425,353	512,760
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	641,433	646,434	737,352
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	641,433	646,434
	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).....	641,433	646,434
	31	Total liabilities and net assets/fund balances (see instructions).	641,433	646,434

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

641,433

Enter amount from Part I, line 27a .....................

5,001

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

646,434

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

646,434

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	16 SHS Caterpillar Inc	P	2013-06-18	2015-01-13
b	17 SHS Chevron Corp	P	2012-02-22	2015-01-13
c	21 SHS Discover	P	2013-04-19	2015-01-26
d	5 SHS Public Storage	P	2012-07-07	2015-01-26
e	31 SHS Roche Holdings	P	2013-01-28	2015-01-20
	3 SHS Simon ppty Gp	P	2013-10-16	2015-01-20
	25 SHS Caterpillar Inc	P	2014-09-16	2015-01-13
	31 SHS Covidien PLC	P	2014-11-24	2015-01-27
	20 SHS Discover	P	2014-02-05	2015-01-26
	10 SHS Eli Lilly	P	2014-08-05	2015-01-20
	12 SHS Kroger Co	P	2014-08-27	2015-01-20
	.636 SHS Medtronic PLC	P	2015-01-27	2015-01-27
	5 SHS Simon Ppty Gp	P	2004-03-31	2015-01-26
	34 SHS Syngenta	P	2014-07-08	2015-01-26
	7 SHS CVS Health	P	2012-05-10	2015-02-27
	18 SHS Merck & Co	P	2010-05-27	2015-02-27
	5 SHS Nextera	P	2012-04-18	2015-02-27
	44 SHS Roche Holdings	P	2013-04-19	2015-02-27
	6 SHS Stryler Corp	P	2013-03-25	2015-02-17
	5 SHS United Technologies	P	2008-10-31	2015-02-17
	16 SHS Altria Gp	P	2014-07-23	2015-02-27
	52 SHS CSX Corp	P	2014-07-31	2015-02-27
	14 SHS Eli Lilly	P	2014-08-05	2015-02-27
	19 SHS Equity Residential	P	2014-09-22	2015-02-02
	64 SHS Ericsson Lm	P	2014-06-12	2015-02-27
	9 SHS International Paper	P	2014-09-12	2015-02-19
	18 SHS Kroger Co	P	2014-08-27	2015-02-27
	12 SHS Oracle Corp	P	2014-10-15	2015-02-27
	9 SHS Teva Phar	P	2014-11-05	2015-02-27
	33 SHS TJX Corp	P	2014-06-12	2015-02-27
	20 SHS Ace LTD	P	2013-03-25	2015-03-20
	94 SHS Bank of America	P	2013-11-19	2015-03-20
	34 SHS Ericsson Lm	P	2014-02-19	2015-03-18
	19 SHS Honeywell Intl	P	2012-05-31	2015-03-31
	22 SHS QualComm Inc	P	2013-10-16	2015-03-11
	36 SHS Verizon	P	2013-03-25	2015-03-26
	8 SHS Aflac Inc	P	2014-10-15	2015-03-11
	7 SHS Equity Residential	P	2014-09-22	2015-03-16
	224 SHS Ericsson Lm	P	2014-12-08	2015-03-31
	19 SHS Halliburton	P	2014-10-20	2015-03-26
	5 SHS Home Depot	P	2014-06-12	2015-03-31
	13 SHS Oracle	P	2014-10-15	2015-03-18
	3 SHS Ace LTD	P	2013-03-25	2015-04-26
	106 SHS Bank of America	P	2014-01-22	2015-04-10
	16 SHS Chevron Corp	P	2014-03-13	2015-04-10
	16 SHS CVS Health	P	2014-02-19	2015-04-29
	16 SHS Merck & Co	P	2012-01-25	2015-04-08
	5 SHS Stryker Corp	P	2013-03-25	2015-04-29
	11 SHS Thermo Fisher Sc	P	2008-12-12	2015-04-08
	2 SHS Ace LTD	P	2014-10-01	2015-04-29
	9 SHS Affiliated Mgrs Gp	P	2014-10-01	2015-04-29
	16 Shs Aflac Inc	P	2014-10-15	2015-04-29
	1 SHS CBS Corp	P	2014-11-17	2015-04-29
	4 SHS Chevron Corp	P	2014-10-01	2015-04-10
	8 SHS Eli Lilly	P	2014-08-05	2015-04-29
	25 SHS Home Depot	P	2014-06-12	2015-04-16
	7 SHS Medtronic PLC	P	2015-01-27	2015-04-10
	5 SHS Monsanto	P	2014-10-09	2015-04-23
	43 SHS Oracle Corp	P	2014-12-08	2015-04-16
	16 SHS Syngenta Ag	P	2014-08-29	2015-04-08
	16 SHS Teva Pharm	P	2014-11-05	2015-04-23
	28 SHS trinity Ind	P	2014-10-24	2015-04-29
	4 SHS Bank of America	P	2014-01-22	2015-05-01
	2 SHS Citigroup	P	2012-02-09	2015-05-20
	1 SHS CVS Health	P	2014-02-19	2015-05-20
	3 SHS Devon Energy	P	2014-04-30	2015-05-20
	2 SHS Merck & Co	P	2012-01-25	2015-05-20
	1 SHS Nextera Energy	P	2012-04-18	2015-05-20
	3 SHS Occidental Petrolem	P	2012-08-29	2015-05-20
	2 SHS Qualcomm Inc	P	2013-10-16	2015-05-20
	2 SHS Roche Holdings	P	2013-04-19	2015-05-20
	8 SHS Stryker Corp	P	2013-03-25	2015-05-20
	1 SHS Thermo Fisher Sc	P	2008-12-12	2015-05-20
	1 SHS United Technologies	P	2008-10-31	2015-05-20
	1 SHS Verizon	P	2013-03-25	2015-05-20
	1 SHS Abbvie Inc	P	2015-05-19	2015-05-20
	3 SHS Affiliated Mgrs Gp	P	2014-10-01	2015-05-05
	2 SHS Aflac Inc	P	2014-10-15	2015-05-20
	2 SHS CBS Corp	P	2014-11-17	2015-05-20
	8 SHS Credit Suisse Gp	P	2015-03-20	2015-05-20
	7 SHS Eli Lilly	P	2014-08-05	2015-05-02
	2 SHS Equity Residential	P	2014-09-22	2015-05-20
	13 SHS General Electric	P	2014-11-17	2015-05-20
	3 SHS General Mills	P	2015-01-13	2015-05-20
	1 SHS Goldman Sachs	P	2015-03-26	2015-05-20
	1 SHS Home Depot	P	2014-06-12	2015-05-20
	3 SHS Invesco LTD	P	2015-01-26	2015-05-20
	23 SHS Kroger Co	P	2014-09-22	2015-05-12
	2 SHS Medtronic PLC	P	2015-01-27	2015-05-20
	15 SHS Microsoft	P	2014-07-23	2015-05-20
	2 SHS Oracle Corp	P	2014-12-08	2015-05-20
	27 SHS Pfizer	P	2015-02-27	2015-05-19
	1 SHS Praxair	P	2015-04-23	2015-05-20
	2 SHS Reynolds American	P	2014-06-12	2015-05-20
	1 SHS Sap Ag	P	2015-03-31	2015-05-20
	5 SHS XL Gp	P	2014-07-08	2015-05-20
	8 SHS Bank of America	P	2014-01-22	2015-06-16
	9 SHS Ch Robinson Worldwide	P	2014-06-12	2015-06-16
	29 SHS Roche Holdings	P	2014-01-22	2015-06-15
	142 SHS Bank of America	P	2014-07-08	2015-06-16
	13 SHS International Paper	P	2014-09-12	2015-06-16
	32 SHS Trinity Ind	P	2015-02-02	2015-06-16
	24 SHS Citigroup	P	2012-03-20	2015-07-10
	6 SHS CVS Health	P	2014-02-19	2015-07-10
	9 SHS J P Morgan	P	2009-01-16	2015-07-10
	9 SHS Merck & Co	P	2012-03-20	2015-07-10
	7 SHS Phillips 66	P	2012-08-07	2015-07-30
	8 SHS Reynolds American	P	2014-06-12	2015-07-30
	45 SHS XL Group	P	2014-07-08	2015-07-10
	14 SHS CVS Health	P	2014-11-10	2015-07-10
	29 SHS Eli Lilly	P	2014-08-19	2015-07-10
	13 SHS General Mills	P	2015-01-13	2015-07-10
	8 SHS Goldman Sachs	P	2015-03-26	2015-07-10
	33 SHS International Paper	P	2015-03-16	2015-07-10
	7 SHS Kroger Co	P	2014-09-22	2015-07-10
	25 SHS Lincoln National	P	2015-05-05	2015-07-30
	15 SHS Oracle	P	2014-12-08	2015-07-30
	37 SHS Pfizer	P	2015-02-27	2015-07-10
	23 SHS Prudential	P	2015-01-26	2015-07-30
	3 SHS Reynolds American	P	2014-08-29	2015-07-30
	14 SHS Sap AG	P	2015-03-31	2015-07-30
	29 SHS Altria Gp	P	2014-07-23	2015-08-26
	8 SHS Ch Robinson Worldwide	P	2014-06-12	2015-08-31
	16 SHS Exxon Moble	P	2014-06-27	2015-08-31
	29 SHS PG&E	P	2014-07-15	2015-08-26
	9 SHS Public Storage	P	2014-07-15	2015-08-06
	17 SHS QualComm Inc	P	2014-03-13	2015-08-06
	12 SHS Reynolds American	P	2014-08-29	2015-08-31
	10 SHS Stryker Corp	P	2013-04-19	2015-08-31
	20 SHS Walt Disney	P	2012-01-25	2015-08-26
	17 SHS XL Group	P	2014-07-08	2015-08-06
	42 SHS CBS Corp	P	2015-02-19	2015-08-06
	27 SHS Monsanto	P	2015-01-13	2015-08-17
	30 SHS Nucor Corp	P	2015-04-08	2015-08-31
	7 SHS Public Storage	P	2015-03-16	2015-08-26
	6 SHS Reynolds American	P	2014-08-29	2015-08-26
	15 SHS Sap Ag	P	2015-03-31	2015-08-26
	11 SHS Stryker Corp	P	2015-01-26	2015-08-31
	9 SHS Teva Pharm	P	2014-12-17	2015-08-06
	21 SHS Oracle Corp	P	2014-12-17	2015-09-15
	59 SHS Qualcomm Inc	P	2014-12-17	2015-09-09
	21 SHS Devon Energy	P	2014-06-03	2015-10-29
	7 SHS Equity Residential	P	2014-10-06	2015-10-12
	14 SHS Exxon Mobile	P	2014-07-02	2015-10-20
	10 SHS JP Morgan	P	2009-01-16	2015-10-26
	63 SHS Merck & Co	P	2014-08-19	2015-10-15
	30 SHS Reynolds American	P	2014-08-29	2015-10-29
	10 SHS Simon Ppty Gp	P	2014-07-23	2015-10-15
	42 SHS Abbvie Inc	P	2015-07-30	2015-10-26
	39 SHS General Electric	P	2014-11-17	2015-10-12
	17 SHS General Mills	P	2015-01-26	2015-10-07
	20 SHS Harley Davidson	P	2015-08-26	2015-10-22
	18 SHS Intel Corp	P	2015-04-16	2015-10-29
	28 SHS Merck & Co	P	2015-04-29	2015-10-15
	10 SHS Aflac	P	2014-10-15	2015-11-09
	29 SHS General Electric	P	2014-11-17	2015-11-18
	57 SHS Keycorp	P	2014-10-06	2015-11-05
	63 SHS Microsoft	P	2014-09-22	2015-11-12
	22 SHS Phillips 66	P	2013-08-13	2015-11-05
	37 SHS Roche Holdings	P	2014-10-20	2015-11-18
	2 SHS Simon Ppty Gp	P	2014-07-23	2015-11-05
	27 SHS Aflac	P	2014-12-23	2015-11-09
	53 SHS General Electric	P	2014-12-23	2015-11-30
	102 SHS Intel Corp	P	2015-04-16	2015-11-12
	12 SHS Phillips 66	P	2015-07-10	2015-11-05
	26 SHS Praxair	P	2015-04-29	2015-11-24
	18 SHS Roche Holdings	P	2015-08-26	2015-11-18
	9 SHS Simon Ppty Gp	P	2015-07-10	2015-11-05
	9 SHS Ace LTD	P	2014-11-10	2015-12-10
	9 SHS Affiliated Mgrs Gp	P	2014-10-24	2015-12-22
	63 SHS Exxon Mobile	P	2014-12-11	2015-12-22
	8 SHS PNC Finl Services	P	2013-01-28	2015-12-22
	3 SHS Affiliated Mgrs Gp	P	2015-01-20	2015-12-22
	1 SHS Credit Suisse Gp	P	2015-12-21	2015-12-21
	27 SHS Exxon Mobile	P	2015-07-10	2015-12-22
	19 SHS Gilead Science	P	2015-08-26	2015-12-22
	12 SHS Eli Lilly	P	2014-08-19	2015-09-15
	7 SHS Exxon Mobile	P	2014-06-27	2015-09-09
	5 SHS Nextera Energy	P	2012-04-18	2015-09-03
	46 SHS PG&E	P	2014-07-15	2015-09-25
	40 SHS CBS Corp	P	2015-03-04	2015-09-28
	8 SHS Eli Lilly	P	2014-09-22	2015-09-15
	784.569 SHS Fidelity Adv New Insight	P	2015-02-13	2015-05-14
	258.987 SHS Fidelity Adv Large Cap	P	2012-10-23	2015-12-18
	Mutual Fund Capital Gain Distributions	P	2006-02-03	2015-12-15

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,385	1,365	20
b	1,795	1,755	40
c	1,183	921	262
d	1,016	730	286
e	1,124	848	276
	601	442	159
	2,164	2,607	-443
	3,371	2,955	416
	1,126	1,055	71
	712	615	97
	798	605	193
	46	49	-3
	1,017	772	245
	2,219	2,528	-309
	728	258	470
	1,054	605	449
	518	314	204
	1,496	1,306	190
	566	386	180
	605	275	330
	903	669	234
	1,793	1,567	226
	985	862	123
	1,458	1,177	281
	828	791	37
	514	446	68
	1,289	908	381
	526	454	72
	513	521	-8
	2,263	1,882	381
	2,275	1,421	854
	1,483	1,431	52
	436	451	-15
	1,986	1,092	894
	1,552	1,455	97
	1,757	1,771	-14
	491	446	45
	552	434	118
	2,822	2,813	9
	829	1,009	-180
	573	395	178
	578	491	87
	324	266	58
	1,657	1,749	-92
	1,712	1,727	-15
	1,623	784	839
	923	564	359
	467	322	145
	1,461	327	1,134
	216	209	7
	1,998	1,764	234
	1,020	891	129
	624	531	93
	428	474	-46
	578	492	86
	2,818	1,974	844
	544	539	5
	586	545	41
	1,866	1,728	138
	1,127	1,159	-32
	1,012	927	85
	786	998	-212
	67	68	-1
	110	64	46
	101	71	30
	198	210	-12
	121	77	44
	103	63	40
	230	251	-21
	139	138	1
	74	61	13
	773	515	258
	132	30	102
	119	55	64
	99	96	3
	66	66	0
	676	591	85
	130	111	19
	122	106	16
	215	210	5
	514	431	83
	150	124	26
	359	346	13
	171	159	12
	205	188	17
	112	79	33
	123	111	12
	1,646	1,178	468
	158	154	4
	717	680	37
	89	83	6
	928	930	-2
	122	122	0
	152	119	33
	76	72	4
	189	165	24
	140	136	4
	574	556	18
	1,033	941	92
	2,488	2,216	272
	655	645	10
	931	887	44
	1,311	853	458
	644	424	220
	604	236	368
	522	348	174
	550	285	265
	678	475	203
	1,706	1,487	219
	1,503	1,180	323
	2,556	1,788	768
	746	689	57
	1,659	1,501	158
	1,551	1,673	-122
	537	364	173
	1,424	1,470	-46
	595	625	-30
	1,271	1,274	-3
	1,090	1,132	-42
	254	175	79
	996	1,015	-19
	1,562	1,209	353
	540	494	46
	1,229	1,620	-391
	1,426	1,371	55
	1,837	1,542	295
	1,070	1,243	-173
	1,007	701	306
	985	641	344
	2,066	764	1,302
	659	562	97
	2,152	2,309	-157
	2,791	3,071	-280
	1,296	1,418	-122
	1,410	1,272	138
	497	351	146
	1,003	1,087	-84
	1,084	1,015	69
	632	503	129
	800	866	-66
	3,241	3,984	-743
	875	1,497	-622
	546	435	111
	1,130	1,417	-287
	637	227	410
	3,194	3,132	62
	1,461	877	584
	1,966	1,703	263
	2,273	2,831	-558
	1,096	1,038	58
	946	906	40
	944	1,095	-151
	615	591	24
	1,420	1,571	-151
	634	557	77
	877	772	105
	736	769	-33
	3,410	2,862	548
	2,055	1,215	840
	1,231	1,323	-92
	407	341	66
	1,713	1,609	104
	1,608	1,374	234
	3,330	3,351	-21
	1,121	977	144
	2,958	3,203	-245
	599	618	-19
	1,832	1,627	205
	1,038	984	54
	1,397	1,679	-282
	4,862	5,938	-1,076
	748	494	254
	466	589	-123
	110	0	110
	2,096	2,223	-127
	1,957	2,101	-144
	996	746	250
	514	709	-195
	479	314	165
	2,445	2,175	270
	1,588	2,452	-864
	664	531	133
	20,000	18,850	1,150
	6,800	5,571	1,229
	18,784	0	18,784

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69				(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69		(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a	0	0	0	20
b	0	0	0	40
c	0	0	0	262
d	0	0	0	286
e	0	0	0	276
	0	0	0	159
	0	0	0	-443
	0	0	0	416
	0	0	0	71
	0	0	0	97
	0	0	0	193
	0	0	0	-3
	0	0	0	245
	0	0	0	-309
	0	0	0	470
	0	0	0	449
	0	0	0	204
	0	0	0	190
	0	0	0	180
	0	0	0	330
	0	0	0	234
	0	0	0	226
	0	0	0	123
	0	0	0	281
	0	0	0	37
	0	0	0	68
	0	0	0	381
	0	0	0	72
	0	0	0	-8
	0	0	0	381
	0	0	0	854
	0	0	0	52
	0	0	0	-15
	0	0	0	894
	0	0	0	97
	0	0	0	-14
	0	0	0	45
	0	0	0	118
	0	0	0	9
	0	0	0	-180
	0	0	0	178
	0	0	0	87
	0	0	0	58
	0	0	0	-92
	0	0	0	-15
	0	0	0	839
	0	0	0	359
	0	0	0	145
	0	0	0	1,134
	0	0	0	7
	0	0	0	234
	0	0	0	129
	0	0	0	93
	0	0	0	-46
	0	0	0	86
	0	0	0	844
	0	0	0	5
	0	0	0	41
	0	0	0	138
	0	0	0	-32
	0	0	0	85
	0	0	0	-212
	0	0	0	-1
	0	0	0	46
	0	0	0	30
	0	0	0	-12
	0	0	0	44
	0	0	0	40
	0	0	0	-21
	0	0	0	1
	0	0	0	13
	0	0	0	258
	0	0	0	102
	0	0	0	64
	0	0	0	3
	0	0	0	0
	0	0	0	85
	0	0	0	19
	0	0	0	16
	0	0	0	5
	0	0	0	83
	0	0	0	26
	0	0	0	13
	0	0	0	12
	0	0	0	17
	0	0	0	33
	0	0	0	12
	0	0	0	468
	0	0	0	4
	0	0	0	37
	0	0	0	6
	0	0	0	-2
	0	0	0	0
	0	0	0	33
	0	0	0	4
	0	0	0	24
	0	0	0	4
	0	0	0	18
	0	0	0	92
	0	0	0	272
	0	0	0	10
	0	0	0	44
	0	0	0	458
	0	0	0	220
	0	0	0	368
	0	0	0	174
	0	0	0	265
	0	0	0	203
	0	0	0	219
	0	0	0	323
	0	0	0	768
	0	0	0	57
	0	0	0	158
	0	0	0	-122
	0	0	0	173
	0	0	0	-46
	0	0	0	-30
	0	0	0	-3
	0	0	0	-42
	0	0	0	79
	0	0	0	-19
	0	0	0	353
	0	0	0	46
	0	0	0	-391
	0	0	0	55
	0	0	0	295
	0	0	0	-173
	0	0	0	306
	0	0	0	344
	0	0	0	1,302
	0	0	0	97
	0	0	0	-157
	0	0	0	-280
	0	0	0	-122
	0	0	0	138
	0	0	0	146
	0	0	0	-84
	0	0	0	69
	0	0	0	129
	0	0	0	-66
	0	0	0	-743
	0	0	0	-622
	0	0	0	111
	0	0	0	-287
	0	0	0	410
	0	0	0	62
	0	0	0	584
	0	0	0	263
	0	0	0	-558
	0	0	0	58
	0	0	0	40
	0	0	0	-151
	0	0	0	24
	0	0	0	-151
	0	0	0	77
	0	0	0	105
	0	0	0	-33
	0	0	0	548
	0	0	0	840
	0	0	0	-92
	0	0	0	66
	0	0	0	104
	0	0	0	234
	0	0	0	-21
	0	0	0	144
	0	0	0	-245
	0	0	0	-19
	0	0	0	205
	0	0	0	54
	0	0	0	-282
	0	0	0	-1,076
	0	0	0	254
	0	0	0	-123
	0	0	0	110
	0	0	0	-127
	0	0	0	-144
	0	0	0	250
	0	0	0	-195
	0	0	0	165
	0	0	0	270
	0	0	0	-864
	0	0	0	133
	0	0	0	1,150
	0	0	0	1,229
	0	0	0	18,784

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	38,506
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	4,792

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? Yes No

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	29,000	737,765	0.039308
2013	39,250	755,234	0.051971
2012	36,750	602,336	0.061012
2011	37,686	585,067	0.064413
2010	55,497	526,041	0.105499

Total of line 1, column (d) .....................

20.322203

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 . . .

0.064441

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

754,304

Multiply line 4 by line 3......................

48,608

Enter 1% of net investment income (1% of Part I, line 27b)...........

410

Add lines 5 and 6........................

49,018

Enter qualifying distributions from Part XII, line 4.............

31,625

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	820
	hereand 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	820
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	820
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a
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
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	23
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	843
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax0	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

PAULINE MCCUE Telephone no. bullet

(508) 278-3694

Located at bullet

59 ElmdaleRoadMA ZIP+4 bullet

01569

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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-)
KENNETH JACKMAN	President 0.50	0
114 High Street Newburyport,MA01969	President 0.50	0
KENNETH REDDING	Treasurer 0.50	0
441 Blackstone Street Uxbridge,MA01569	Treasurer 0.50	0
PAULINE MCCUE	Secretary 2.00	2,200
50 Brookside Drive Uxbridge,MA01569	Secretary 2.00	2,200
BARRY P MCCLOSKEY	Director 0.50	0
216 Mendon Street Uxbridge,MA01569	Director 0.50	0
SCOTT FREITAS	Director 0.50	0
14 Anthonys Way Uxbridge,MA01569	Director 0.50	0
PETER LYNCH	Director 0.50	0
Elmdale Road Uxbridge,MA01569	Director 0.50	0
JENNIFER GALLO	Director 0.50	0
370 Elmwood Avenue Uxbridge,MA01569	Director 0.50	0

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...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

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	Scholarships	31,625
2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

754,201

Average of monthly cash balances.......................

11,590

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

765,791

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

765,791

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

11,487

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

754,304

Minimum investment return. Enter 5% of line 5..................

37,715

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2015 from Part VI, line 5......

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

31,625

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

31,625

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

31,625

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7			0
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......	39,250
e From 2014......	29,000
fTotal of lines 3a through e........		68,250
4Qualifying distributions for 2015 from Part
XII, line 4: $ 31,625
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....
e Remaining amount distributed out of corpus		31,625
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		99,875
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........			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) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		99,875
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....	39,250
d Excess from 2014....	29,000
e Excess from 2015....	31,625

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 section4942(j)(3) or4942(j)(5)

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	(e) Total
	8,113	13,154	1,746	998	24,011
b 85% of line 2a .........	6,896	11,181	1,484	848	20,409
c Qualifying distributions from Part XII, line 4 for each year listed .....	31,625	29,000	39,250	36,750	136,625
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 ....	31,625	29,000	39,250	36,750	136,625
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...	25,143	24,592	22,718	20,078	92,531
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

OCEAN STATE POWER SCHLOARSHIP FOUND
PO Box 245
North Uxbridge,MA01538
(508) 278-3694

bThe form in which applications should be submitted and information and materials they should include:

ALL NECESSARY INSTRUCTIONS AND INFORMATION ON APPLICATION

cAny submission deadlines:

SUBMISSION DATES LISTED ON APPLICATION

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE STATEMENT 8

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

OCEAN STATE SCHOLARSHIP FOUNDATION
PO Box 392
Uxbridge,MA01569
(508) 278-3694

bThe form in which applications should be submitted and information and materials they should include:

ALL NECESSARY INSTRUCTIONS AND INFORMATION ON APPLIACATION

cAny submission deadlines:

SUBMISSION DATES LISTED ON APPLICATION

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE STATEMENT 8

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
JAMES CAFFREY 60 Witek Street Uxbridge,MA01569	None	N/A	Scholarship	1,000
JOHN COTTER 11Buttermilk Way Uxbridge,MA01569	None	N/A	Scholarship	2,500
NICHOLAS LOVETT 175 Albee Road Uxbridge,MA01569	None	N/A	Scholarship	500
CHELSEA COTA 14 Taft street Ubridge,MA01569	None	N/A	Scholarship	1,250
CAROLYN COTE 18 Spinning Wheel Dr Uxbridge,MA01569	None	N/A	Scholarship	1,250
CASEY ROTA 310 Millville Road Uxbridge,MA01569	None	N/A	Scholarship	2,500
BRITTANY GENEST 81 Cross Street Uxbridge,MA01569	None	N/A	Scholarship	1,000
EMILY DRYWA 5 Eastwood Heights Uxbridge,MA01569	None	N/A	Scholarship	500
ANNALIESE VANDERBAAN 300 Williams Street Uxbridge,MA01569	None	N/A	Scholarship	500
ALEXANDRA VAN LOON 5 Lee Street Uxbridge,MA01569	None	N/A	Scholarship	1,250
LIBBI RICHARDSON 10 Gray Lane Uxbridge,MA01569	None	N/A	Scholarship	1,250
TYLER NORMANDIN 16 Edgewood Drive Uxbridge,MA01569	None	N/A	Scholarship	2,500
ANDREW REARDON 5 Willard Drive Uxbridge,MA01569	None	N/A	Scholarship	3,750
MITCHELL GOLDMAN 16 Vine Street Uxbridge,MA01569	None	N/A	Scholarship	3,750
MELISSA TAYLOR 290 West River Road Uxbridge,MA01569	None	N/A	Scholarship	2,500
KEVIN DESJARDEN 239 Aldrich Street Uxbridge,MA01569	None	N/A	Scholarship	1,875
JULIA TURGEON 53 Eric Drive Uxbridge,MA01569	None	N/A	Scholarship	2,500
NICOLE SHERLOCK 11 South Garden Street Uxbridge,MA01569	None	N/A	Scholarship	1,250
Total ................................. 3a				31,625

bApproved for future payment
ALEXANDRA VAN LOON 5 Lee Street Uxbridge,MA01569	None	N/A	Scholarship	8,750
JAMES COTTER 11 Buttermilk Way Uxbridge,MA01569	None	N/A	Scholarship	7,000
BRITTANY GENEST 81 Cross Street Uxbridge,MA01569	None	N/A	Scholarship	7,000
JOHN COTTER 11 Buttermilk Way Uxbridge,MA01569	None	N/A	Scholarship	1,250
CHELSEA COTA 11 Buttermilk Way Uxbridge,MA01569	None	N/A	Scholarship	625
CAROLYN COTE 18 Spinning Wheel Dr Uxbridge,MA01569	None	N/A	Scholarship	625
CASEY ROTA 310 Millville Road Uxbridge,MA01569	None	N/A	Scholarship	1,250
ANDREW REARDON 5 Willard Drive Uxbridge,MA01569	None	N/A	Scholarship	5,625
MITCHELL GOLDMAN 16 Vine Street Uxbridge,MA01569	None	N/A	Scholarship	5,625
TYLER NORMANDIN 16 Edgewood Drive Uxbridge,MA01569	None	N/A	Scholarship	6,250
MELISSA TAYLOR 290 West River Road Uxbridge,MA01569	None	N/A	Scholarship	6,250
JULIA TURGEON 53 Eric Drive Uxbridge,MA01569	None	N/A	Scholarship	6,250
NICOLE SHERLOCK 11 South Garden Street Uxbridge,MA01569	None	N/A	Scholarship	3,125
Total ................................. 3b				59,625

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	7,670
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	38,506
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)..				46,176

13Total. Add line 12, columns (b), (d), and (e)..................

1346,176

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:
Part VI Line 7 - Tax Paid with the Original Return:	0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

Ocean State Power Scholarship Foundation Limited

EIN:

22-2908697

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Corporate Stocks	201,342	204,853

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

Ocean State Power Scholarship Foundation Limited

EIN:

22-2908697

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Mutual Funds		425,353	512,760

- TIN:

TY 2015 OtherExpensesSchedule

Name:

Ocean State Power Scholarship Foundation Limited

EIN:

22-2908697

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Postage	77		77
Advertising	22		22

- TIN:

TY 2015 TaxesSchedule

Name:

Ocean State Power Scholarship Foundation Limited

EIN:

22-2908697

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Federal Taxes	2,057	2,057
MA Taxes/Fees	50		50