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
THE DAUM FOUNDATION INC
C/O SAUL EWING

Number and street (or P.O. box number if mail is not delivered to street address)650 COLLEGE ROAD EAST NO 4000
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PRINCETON, NJ08540

A Employer identification number

01-0805950

B Telephone number (see instructions)

(609) 452-3156

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

$2,114,752J 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	(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...	64,978		64,978
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		111,430
b	Gross sales price for all assets on line 6a 1,111,906
7	Capital gain net income (from Part IV, line 2)...			111,430
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........	176,408		176,408
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		3,325	3,325	0
b	Accounting fees (attach schedule).......		6,000	6,000	0
c	Other professional fees (attach schedule)....		16,074	16,074	0
17	Interest...............	6		6	0
18	Taxes (attach schedule) (see instructions)...		2,977	207	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		23	23	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	28,405		25,635	0
25	Contributions, gifts, grants paid.......	120,000			120,000
26	Total expenses and disbursements. Add lines 24 and 25	148,405		25,635	120,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	28,003
b	Net investment income (if negative, enter -0-)			150,773
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	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.............	127	648	648
	2	Savings and temporary cash investments.........	10,909	22,435	22,435
	3	Accounts receivable 274
		Less: allowance for doubtful accounts	716	274	274
	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).......	1,210,310	1,267,257	1,420,225
	c	Investments—corporate bonds (attach schedule).......	492,983	436,513	405,096
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	299,646	315,567	266,074
	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)	2,014,691	2,042,694	2,114,752
	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	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........	546,269	546,269
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	1,468,422	1,496,425
	30	Total net assets or fund balances (see instructions).....	2,014,691	2,042,694
	31	Total liabilities and net assets/fund balances (see instructions).	2,014,691	2,042,694

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

2,014,691

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

28,003

Other increases not included in line 2 (itemize) bullet

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

2,042,694

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 .

2,042,694

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	ASTON FUNDS		2015-01-26	2015-06-17
b	ASTON FUNDS		2014-12-31	2015-06-17
c	ASTON FUNDS		2015-01-20	2015-06-17
d	ENSCO PLC NEW		2015-01-09	2015-07-07
e	FAMILY DOLLAR STORES INC		2014-05-21	2015-04-16
	FMC CORP NEW		2014-08-22	2015-07-28
	FMC CORP NEW		2014-09-17	2015-07-28
	FMC CORP NEW		2014-09-29	2015-07-28
	FPA NEW INCOME INC		2015-04-02	2015-10-23
	FPA NEW INCOME INC		2014-12-23	2015-10-23
	FPA NEW INCOME INC		2015-07-02	2015-10-23
	FPA NEW INCOME INC		2015-10-02	2015-10-23
	FRANKLIN INVS SECS TR		2014-03-03	2015-02-03
	FRANKLIN INVS SECS TR		2014-02-03	2015-02-03
	FRANKLIN INVS SECS TR		2014-04-01	2015-02-03
	FRANKLIN INVS SECS TR		2014-05-01	2015-02-03
	FRANKLIN INVS SECS TR		2014-06-02	2015-02-03
	FRANKLIN INVS SECS TR		2014-07-01	2015-02-03
	FRANKLIN INVS SECS TR		2014-08-01	2015-02-03
	FRANKLIN INVS SECS TR		2014-09-02	2015-02-03
	FRANKLIN INVS SECS TR		2014-10-01	2015-02-03
	FRANKLIN INVS SECS TR		2014-11-03	2015-02-03
	FRANKLIN INVS SECS TR		2014-12-01	2015-02-03
	FRANKLIN INVS SECS TR		2015-01-02	2015-02-03
	FRANKLIN INVS SECS TR		2015-02-02	2015-02-03
	GOLAR LNG PARTNERS LP		2015-11-25	2015-12-18
	HALLIBURTON COMPANY		2014-11-04	2015-02-06
	HELMERICH & PAYNE INC		2014-12-03	2015-09-29
	HELMERICH & PAYNE INC		2014-12-08	2015-09-29
	HEWLETT PACKARD COMPANY		2015-03-03	2015-05-22
	HUSSMAN INVT TR		2014-09-17	2015-08-24
	HUSSMAN INVT TR		2014-10-06	2015-08-24
	HUSSMAN INVT TR		2014-10-31	2015-08-24
	HUSSMAN INVT TR		2014-11-10	2015-08-24
	HUSSMAN INVT TR		2015-01-02	2015-08-24
	HUSSMAN INVT TR		2015-04-28	2015-08-24
	HUSSMAN INVT TR		2015-04-15	2015-08-24
	JPMORGAN TR I		2015-01-06	2015-10-29
	JPMORGAN TR I		2015-04-29	2015-10-29
	JPMORGAN TR I		2015-02-26	2015-10-29
	JPMORGAN TR I		2015-05-28	2015-10-29
	JPMORGAN TR I		2014-12-31	2015-10-29
	JPMORGAN TR I		2015-06-29	2015-10-29
	JPMORGAN TR I		2014-11-03	2015-10-29
	JPMORGAN TR I		2015-07-30	2015-10-29
	JPMORGAN TR I		2014-12-01	2015-10-29
	JPMORGAN TR I		2015-08-28	2015-10-29
	JPMORGAN TR I		2015-01-30	2015-10-29
	JPMORGAN TR I		2015-10-29	2015-10-29
	JPMORGAN TR I		2015-09-29	2015-10-29
	MAINSTAY MARKETFIELD FUND		2014-09-23	2015-08-24
	MAINSTAY MARKETFIELD FUND		2014-09-26	2015-08-24
	MAINSTAY MARKETFIELD FUND		2014-10-03	2015-08-24
	MAINSTAY MARKETFIELD FUND		2014-11-21	2015-08-24
	MAINSTAY MARKETFIELD FUND		2014-10-30	2015-08-24
	MAINSTAY MARKETFIELD FUND		2014-12-26	2015-08-24
	MAINSTAY MARKETFIELD FUND		2015-01-14	2015-08-24
	MAINSTAY MARKETFIELD FUND		2015-01-21	2015-08-24
	MEDTRONIC PLC		2015-01-27	2015-06-19
	NOBLE CORPORATION		2014-12-01	2001-08-15
	PETSMART INC		2014-05-22	2001-06-15
	PETSMART INC		2014-01-17	2001-06-15
	PIMCO FDS		2014-12-11	2011-02-15
	PIMCO FDS		2014-12-30	2011-02-15
	PIMCO FDS		2014-12-11	2011-02-15
	PIMCO FDS		2015-06-19	2011-02-15
	PIMCO FDS		2015-03-20	2011-02-15
	PIMCO FDS		2015-09-18	2011-02-15
	PLUM CREEK TIMBER CO INC		2014-06-13	2015-01-13
	PLUM CREEK TIMBER CO INC		2014-08-05	2015-01-13
	ROYAL DUTCH SHELL PLC		2015-01-30	2015-09-29
	TORTOISE ENERGY INFRASTRUCTURE		2015-05-08	2015-11-23
	TORTOISE ENERGY INFRASTRUCTURE		2015-05-26	2015-11-23
	TORTOISE ENERGY INFRASTRUCTURE		2015-06-19	2015-11-23
	TORTOISE ENERGY INFRASTRUCTURE		2015-07-02	2015-11-23
	W W GRAINGER INC		2015-03-11	2015-12-21
	WHITEBOX MUT FDS TACTICAL		2015-06-30	2015-12-18
	WHITEBOX MUT FDS TACTICAL		2015-01-22	2015-12-18
	WHITEBOX MUT FDS TACTICAL		2015-04-01	2015-12-18
	WHITEBOX MUT FDS TACTICAL		2014-12-18	2015-12-18
	WHITEBOX MUT FDS TACTICAL		2014-12-18	2015-12-18
	WHOLE FOODS MARKET INC		2014-10-07	2015-01-26
	WHOLE FOODS MARKET INC		2014-07-28	2015-01-26
	ABBVIE INC		2010-12-23	2015-05-27
	AQUA AMERICA INC		2014-04-30	2015-08-18
	AQUA AMERICA INC		2008-05-14	2015-08-18
	ASTON FUNDS		2014-05-15	2015-06-17
	AT&T INC		2013-01-17	2015-06-23
	BAR HARBOR BANKSHARES		2011-07-25	2015-05-14
	BAXALTA INCORPORATED		2006-09-10	2015-07-17
	BLACKROCK DEFINED OPPORTUNITY		2006-03-13	2004-10-15
	BLACKROCK DEFINED OPPORTUNITY		2013-06-14	2004-10-15
	BLACKROCK DEFINED OPPORTUNITY		2006-06-13	2004-10-15
	CA INC		2012-11-19	2002-06-15
	CAMPBELL SOUP CO		2009-12-13	2015-07-22
	CAMPBELL SOUP CO		2011-08-25	2015-07-22
	CAMPBELL SOUP CO		2011-01-31	2015-07-22
	CBOE HOLDINGS INC		2007-09-14	2009-09-15
	CBOE HOLDINGS INC		2007-08-14	2009-09-15
	CBOE HOLDINGS INC		2014-06-16	2009-09-15
	CLOROX CO		2011-06-23	2015-07-16
	CONOCOPHILLIPS		2002-04-14	2015-09-25
	COSTCO WHOLESALE CORP-NEW		2004-04-14	2010-07-15
	FAMILY DOLLAR STORES INC		2014-03-25	2015-04-16
	FAMILY DOLLAR STORES INC		2013-05-31	2015-04-16
	FLOWERS FOODS INC		2005-03-12	2015-08-13
	FPA NEW INCOME INC		2010-03-14	2015-10-23
	FRANKLIN INVS SECS TR		2010-12-23	2002-03-15
	FRANKLIN INVS SECS TR		2002-01-11	2002-03-15
	FRANKLIN INVS SECS TR		2003-01-11	2002-03-15
	FRANKLIN INVS SECS TR		2011-01-12	2002-03-15
	FRANKLIN INVS SECS TR		2004-01-11	2002-03-15
	FRANKLIN INVS SECS TR		2008-01-12	2002-03-15
	FRANKLIN INVS SECS TR		2009-04-12	2002-03-15
	FRANKLIN INVS SECS TR		2006-01-11	2002-03-15
	FRANKLIN INVS SECS TR		2005-01-12	2002-03-15
	FRANKLIN INVS SECS TR		2006-01-12	2002-03-15
	FRANKLIN INVS SECS TR		2010-01-12	2002-03-15
	FRANKLIN INVS SECS TR		2005-02-11	2002-03-15
	FRANKLIN INVS SECS TR		2007-01-11	2002-03-15
	FRANKLIN INVS SECS TR		2004-02-12	2002-03-15
	FRANKLIN INVS SECS TR		2007-02-12	2002-03-15
	FRANKLIN INVS SECS TR		2012-03-12	2002-03-15
	FRANKLIN INVS SECS TR		2002-01-12	2002-03-15
	FRANKLIN INVS SECS TR		2003-01-12	2002-03-15
	FRANKLIN INVS SECS TR		2008-01-11	2002-03-15
	FRANKLIN INVS SECS TR		2010-03-11	2002-03-15
	FRANKLIN INVS SECS TR		2011-01-11	2002-03-15
	FRANKLIN INVS SECS TR		2001-02-13	2002-03-15
	FRANKLIN INVS SECS TR		2002-01-13	2002-03-15
	FRANKLIN INVS SECS TR		2005-01-13	2002-03-15
	FRANKLIN INVS SECS TR		2012-01-11	2002-03-15
	FRANKLIN INVS SECS TR		2001-03-12	2002-03-15
	FRANKLIN INVS SECS TR		2003-01-13	2002-03-15
	FRANKLIN INVS SECS TR		2004-01-13	2002-03-15
	FRANKLIN INVS SECS TR		2011-08-22	2002-03-15
	FRANKLIN INVS SECS TR		2006-03-13	2002-03-15
	FRANKLIN INVS SECS TR		2007-01-13	2002-03-15
	FRANKLIN INVS SECS TR		2009-01-11	2002-03-15
	FRANKLIN INVS SECS TR		2008-01-13	2002-03-15
	FRANKLIN INVS SECS TR		2009-03-13	2002-03-15
	FRANKLIN INVS SECS TR		2010-01-13	2002-03-15
	FRANKLIN INVS SECS TR		2011-01-13	2002-03-15
	FRANKLIN INVS SECS TR		2012-02-13	2002-03-15
	FRANKLIN INVS SECS TR		2001-02-14	2002-03-15
	FRANKLIN INVS SECS TR		2001-03-11	2002-03-15
	GENERAL MILLS INC		2010-12-28	2005-08-15
	GOLAR LNG PARTNERS LP		2012-06-13	2015-12-18
	GOLAR LNG PARTNERS LP		2008-05-11	2015-12-18
	GOLDMAN SACHS GROUP INC		2004-10-14	2006-11-15
	HUSSMAN INVT TR		2014-07-17	2015-08-24
	HUSSMAN INVT TR		2014-08-19	2015-08-24
	ILLINOIS TOOL WORKS INC		2010-10-27	2003-03-15
	JPMORGAN TR I		2008-07-14	2015-10-29
	JPMORGAN TR I		2009-02-14	2015-10-29
	JPMORGAN TR I		2010-01-14	2015-10-29
	KELLOGG CO		2012-07-16	2008-04-15
	KELLOGG CO		2012-03-23	2008-04-15
	L-3 COMMUNICATIONS HOLDINGS		2003-02-11	2015-10-29
	MAINSTAY MARKETFIELD FUND		2007-08-14	2015-08-24
	MAINSTAY MARKETFIELD FUND		2008-04-14	2015-08-24
	MAINSTAY MARKETFIELD FUND		2008-07-14	2015-08-24
	MCCORMICK & CO INC NON-VOTING		2009-11-13	2002-03-15
	MCCORMICK & CO INC NON-VOTING		2009-11-13	2009-09-15
	MCDONALDS CORP		2009-11-13	2015-07-29
	MEDTRONIC INC		2011-03-14	2015-01-27
	NATIXIS FDS TR IILOOMIS		2012-12-20	2002-05-15
	NATIXIS FDS TR IILOOMIS		2011-06-13	2002-05-15
	NATIXIS FDS TR IILOOMIS		2012-09-21	2002-05-15
	NATIXIS FDS TR IILOOMIS		2011-06-24	2002-05-15
	NATIXIS FDS TR IILOOMIS		2012-03-23	2002-05-15
	NATIXIS FDS TR IILOOMIS		2012-06-22	2002-05-15
	NATIXIS FDS TR IILOOMIS		2011-09-23	2002-05-15
	NATIXIS FDS TR IILOOMIS		2011-06-29	2002-05-15
	NATIXIS FDS TR IILOOMIS		2011-12-30	2002-05-15
	NATIXIS FDS TR IILOOMIS		2011-09-15	2002-05-15
	NATIXIS FDS TR IILOOMIS		2008-11-11	2002-05-15
	NATIXIS FDS TR IILOOMIS		2010-05-11	2002-05-15
	NORDSTROM INC		2010-01-13	2015-07-22
	PARTNERRE LTD		2011-06-17	2009-02-15
	PARTNERRE LTD		2011-10-13	2009-02-15
	PARTNERRE LTD		2011-03-15	2009-02-15
	PEPSICO INC		2002-10-11	2005-08-15
	PHILLIPS 66		2011-08-19	2015-07-13
	PIMCO FDS		2013-08-22	2005-06-15
	PIMCO FDS		2013-08-22	2015-05-13
	PIMCO FDS		2013-08-22	2015-05-14
	PIMCO FDS		2013-10-17	2015-05-14
	PIMCO FDS		2013-09-20	2015-05-14
	PIMCO FDS		2009-03-13	2015-05-14
	PIMCO FDS		2013-10-17	2011-02-15
	PIMCO FDS		2012-11-14	2011-02-15
	PIMCO FDS		2014-09-19	2011-02-15
	PIMCO FDS		2014-03-21	2011-02-15
	PIMCO FDS		2014-06-20	2011-02-15
	PIMCO FDS		2012-12-13	2011-02-15
	PIMCO FDS		2013-12-30	2011-02-15
	PIMCO FDS		2012-12-13	2011-02-15
	PIMCO FDS UNCONSTRAINED BD		2013-05-16	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2001-08-13	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2005-01-13	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2003-01-13	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2004-01-13	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2002-01-13	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2006-01-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2007-02-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2008-01-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2009-04-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2010-01-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2011-01-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2012-03-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2012-12-13	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2012-12-28	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2001-02-13	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2001-04-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2004-04-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2003-02-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2005-03-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2005-01-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2002-02-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2002-01-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2008-01-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2006-01-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2007-01-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2009-01-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2003-01-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2011-01-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2010-03-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2001-03-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2012-02-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2004-02-12	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2011-12-29	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2010-03-11	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2011-10-28	2015-01-28
	PIMCO FDS UNCONSTRAINED BD		2010-12-23	2015-01-28
	ROYAL DUTCH SHELL PLC		2012-06-13	2015-09-29
	SYSCO CORP		2014-01-23	2015-08-26
	SYSCO CORP		2002-07-11	2015-08-26
	TEXTAINER GROUP HOLDINGS		2007-10-13	2015-11-25
	TJX COMPANIES INC NEW		2014-06-20	2015-10-28
	VF CORPORATION		2013-01-18	2015-07-21
	W W GRAINGER INC		2007-08-14	2015-12-21
	WHITEBOX MUT FDS TACTICAL		2014-08-20	2015-12-18
	WHITEBOX MUT FDS TACTICAL		2009-03-14	2015-12-18
	WHITEBOX MUT FDS TACTICAL		2014-09-25	2015-12-18
	WHITEBOX MUT FDS TACTICAL		2011-03-14	2015-12-18
	WHITEBOX MUT FDS TACTICAL		2014-11-14	2015-12-18
	XILINX INC		2006-03-14	2015-10-22
	XILINX INC		2014-07-23	2015-10-22
	ZOETIS INC		2002-11-14	2006-11-15
	ZOETIS INC		2012-02-13	2006-11-15
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,602	2,500	102
b	3,373	3,262	111
c	2,677	2,500	177
d	9,159	12,113	-2,954
e	5,947	4,185	1,762
	8,444	11,445	-3,001
	3,619	4,658	-1,039
	4,825	5,785	-960
	172	173	-1
	183	184	-1
	124	122	2
	75	75	0
	9	9	0
	9	9	0
	8	8	0
	8	8	0
	7	7	0
	7	7	0
	7	7	0
	7	7	0
	8	8	0
	7	7	0
	7	7	0
	8	8	0
	8	8	0
	3,315	4,745	-1,430
	5,502	6,513	-1,011
	2,400	3,500	-1,100
	720	990	-270
	12,075	12,075	0
	2,423	2,500	-77
	2,444	2,500	-56
	2,478	2,500	-22
	2,500	2,500	0
	277	273	4
	5,253	5,000	253
	7,781	7,500	281
	2,440	2,500	-60
	157	162	-5
	64	65	-1
	64	66	-2
	64	66	-2
	72	73	-1
	35	36	-1
	77	78	-1
	14	15	-1
	73	74	-1
	14	14	0
	81	81	0
	79	79	0
	2,249	2,500	-251
	2,258	2,500	-242
	2,318	2,500	-182
	2,321	2,500	-179
	2,331	2,500	-169
	2,372	2,500	-128
	2,403	2,500	-97
	2,417	2,500	-83
	7,700	7,675	25
	11,812	13,395	-1,583
	8,125	5,560	2,565
	16,250	12,950	3,300
	1,707	1,798	-91
	2,593	2,652	-59
	564	594	-30
	397	410	-13
	261	268	-7
	425	428	-3
	12,100	12,100	0
	5,500	5,094	406
	3,518	4,781	-1,263
	15,582	25,156	-9,574
	7,452	11,426	-3,974
	7,452	10,835	-3,383
	3,387	4,525	-1,138
	4,912	5,723	-811
	8,517	10,000	-1,483
	1,985	2,500	-515
	2,026	2,500	-474
	439	551	-112
	209	262	-53
	6,700	4,669	2,031
	24,119	16,583	7,536
	5,040	1,863	3,177
	18,760	17,675	1,085
	9,380	8,173	1,207
	25,380	25,000	380
	14,240	13,280	960
	15,975	8,550	7,425
	16,400	9,130	7,270
	6,700	7,215	-515
	2,010	2,079	-69
	670	714	-44
	12,800	8,760	4,040
	6,000	5,156	844
	2,400	1,548	852
	4,800	3,430	1,370
	3,238	2,368	870
	4,858	3,551	1,307
	16,192	12,500	3,692
	13,750	8,312	5,438
	9,440	12,750	-3,310
	14,900	11,101	3,799
	5,947	4,388	1,559
	13,877	10,850	3,027
	15,153	8,910	6,243
	24,632	25,000	-368
	6,353	6,500	-147
	13	13	0
	13	13	0
	11	11	0
	12	12	0
	10	10	0
	9	10	-1
	12	12	0
	10	10	0
	9	10	-1
	9	9	0
	11	12	-1
	11	11	0
	9	9	0
	9	9	0
	10	10	0
	10	10	0
	10	10	0
	10	10	0
	10	10	0
	10	10	0
	10	10	0
	10	10	0
	11	11	0
	10	10	0
	9	10	-1
	10	10	0
	9	9	0
	7	7	0
	9	10	-1
	9	9	0
	4	4	0
	10	10	0
	9	9	0
	10	10	0
	8	8	0
	8	9	-1
	9	9	0
	1	1	0
	5,630	3,560	2,070
	4,080	10,964	-6,884
	3,315	6,731	-3,416
	16,031	11,813	4,218
	23,605	25,000	-1,395
	2,388	2,500	-112
	7,462	3,431	4,031
	24,093	25,000	-907
	28	30	-2
	22	23	-1
	4,980	3,653	1,327
	11,620	9,179	2,441
	6,312	3,747	2,565
	21,718	25,000	-3,282
	2,199	2,500	-301
	2,226	2,500	-274
	3,662	1,790	1,872
	48,821	21,477	27,344
	46,573	29,918	16,655
	7,695	3,770	3,925
	3,719	3,801	-82
	14,985	15,000	-15
	169	170	-1
	118	117	1
	73	71	2
	296	287	9
	183	174	9
	1,523	1,500	23
	392	363	29
	1,567	1,500	67
	3,102	3,000	102
	4,873	4,500	373
	15,800	11,190	4,610
	3,465	1,699	1,766
	3,465	1,319	2,146
	6,930	3,688	3,242
	4,825	3,150	1,675
	5,183	1,815	3,368
	4,849	5,008	-159
	23,230	23,944	-714
	1,593	1,641	-48
	863	896	-33
	123	127	-4
	45	46	-1
	54,959	59,379	-4,420
	958	1,035	-77
	442	489	-47
	312	340	-28
	207	230	-23
	198	214	-16
	195	211	-16
	28	30	-2
	8,822	9,152	-330
	7,791	7,982	-191
	14	14	0
	13	13	0
	12	12	0
	7	8	-1
	17	17	0
	13	13	0
	7	7	0
	7	7	0
	6	6	0
	8	8	0
	9	9	0
	10	10	0
	141	141	0
	5	5	0
	2	2	0
	12	12	0
	9	9	0
	11	11	0
	16	16	0
	11	11	0
	5	5	0
	9	9	0
	13	13	0
	11	11	0
	7	7	0
	10	10	0
	8	8	0
	8	8	0
	7	7	0
	11	10	1
	17	17	0
	60	58	2
	662	649	13
	667	649	18
	6,565	6,493	72
	7,036	10,065	-3,029
	7,960	7,200	760
	4,975	3,530	1,445
	4,842	10,033	-5,191
	16,447	12,364	4,083
	22,185	11,063	11,122
	9,825	12,450	-2,625
	18,584	25,000	-6,416
	1,870	2,500	-630
	1,894	2,500	-606
	1,924	2,500	-576
	1,939	2,500	-561
	10,755	10,395	360
	4,780	4,050	730
	8,750	5,075	3,675
	18,748	11,700	7,048
	9,900		9,900

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			102
b			111
c			177
d			-2,954
e			1,762
			-3,001
			-1,039
			-960
			-1
			-1
			2
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			-1,430
			-1,011
			-1,100
			-270
			0
			-77
			-56
			-22
			0
			4
			253
			281
			-60
			-5
			-1
			-2
			-2
			-1
			-1
			-1
			-1
			-1
			0
			0
			0
			-251
			-242
			-182
			-179
			-169
			-128
			-97
			-83
			25
			-1,583
			2,565
			3,300
			-91
			-59
			-30
			-13
			-7
			-3
			0
			406
			-1,263
			-9,574
			-3,974
			-3,383
			-1,138
			-811
			-1,483
			-515
			-474
			-112
			-53
			2,031
			7,536
			3,177
			1,085
			1,207
			380
			960
			7,425
			7,270
			-515
			-69
			-44
			4,040
			844
			852
			1,370
			870
			1,307
			3,692
			5,438
			-3,310
			3,799
			1,559
			3,027
			6,243
			-368
			-147
			0
			0
			0
			0
			0
			-1
			0
			0
			-1
			0
			-1
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			-1
			0
			0
			0
			-1
			0
			0
			0
			0
			0
			0
			-1
			0
			0
			2,070
			-6,884
			-3,416
			4,218
			-1,395
			-112
			4,031
			-907
			-2
			-1
			1,327
			2,441
			2,565
			-3,282
			-301
			-274
			1,872
			27,344
			16,655
			3,925
			-82
			-15
			-1
			1
			2
			9
			9
			23
			29
			67
			102
			373
			4,610
			1,766
			2,146
			3,242
			1,675
			3,368
			-159
			-714
			-48
			-33
			-4
			-1
			-4,420
			-77
			-47
			-28
			-23
			-16
			-16
			-2
			-330
			-191
			0
			0
			0
			-1
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			1
			0
			2
			13
			18
			72
			-3,029
			760
			1,445
			-5,191
			4,083
			11,122
			-2,625
			-6,416
			-630
			-606
			-576
			-561
			360
			730
			3,675
			7,048
			9,900

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	111,430
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

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	97,770	2,319,392	0.042153
2013	85,197	2,157,341	0.039492
2012	24,801	1,739,883	0.014254
2011	35,452	1,194,917	0.029669
2010	0	30,555	0.000000

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

20.125568

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 . . .

0.025114

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

2,265,732

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

56,902

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

1,508

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

58,410

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

120,000

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	1,508
	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	1,508
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	1,508
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	2,240
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	2,240
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	732
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax732	Refunded	11	0

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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

Yes

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

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

SAUL EWING LLC Telephone no. bullet

(609) 452-3156

Located at bullet

650 COLLEGE ROAD EAST SUITE 4000PRINCETONNJ ZIP+4 bullet

08540

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
MARY D NICHOLS	TRUSTEE 2.00	0	0	0
435 SOUTH IRVING BLVD LOS ANGELES,CA90020	TRUSTEE 2.00	0	0	0
JOHN F DAUM	TRUSTEE 2.00	0	0	0
435 SOUTH IRVING BLVD LOS ANGELES,CA90020	TRUSTEE 2.00	0	0	0
MARGARET E DAUM	TREASURER, TRUSTEE 2.00	0	0	0
813 T ST NW B WASHINGTON,DC20001	TREASURER, TRUSTEE 2.00	0	0	0
NICHOLAS F DAUM	PRESIDENT, TRUSTEE 2.00	0	0	0
2405 FIFTH AVE LOS ANGELES,CA90018	PRESIDENT, TRUSTEE 2.00	0	0	0
NANCY S HEARNE	SECRETARY, TRUSTEE 2.00	0	0	0
650 COLLEGE RD EAST PRINCETON,NJ08540	SECRETARY, TRUSTEE 2.00	0	0	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


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

2,190,076

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

110,160

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

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

2,300,236

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

2,300,236

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

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

34,504

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

2,265,732

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

113,287

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

113,287

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

1,508

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

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

1,508

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

111,779

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

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

111,779

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

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

111,779

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 ..........

120,000

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

120,000

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

1,508

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

118,492

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	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7				111,779
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......			113,243
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........	0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 120,000
a Applied to 2014, but not more than line 2a			113,243
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.....				6,757
e Remaining amount distributed out of corpus	0
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	0
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 ..........				105,022
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) ...	0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....

Form 990-PF (2015)

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

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

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2015)

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
AN OPEN BOOK FOUNDATION 3215 MORRISON STREET NW WASHINGTON,DC20015	NONE	PUBLIC	GENERAL PURPOSE TO HELP PROVIDE BOOKS TO DISADVANTAGED CHILDREN	60,000
PATH 2201 WESTLAKE AVENUE SUITE 200 SEATTLE,WA98121	NONE	PUBLIC	GENERAL PURPOSE TO HELP HOMELESS FAMILIES AND INDIVIDUALS	60,000
Total ................................. 3a				120,000

bApproved for future payment

Total ................................. 3b				0

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	64,978
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	111,430
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		176,408	0

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

13176,408

(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:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 AccountingFeesSchedule

Name:

THE DAUM FOUNDATION INC

C/O SAUL EWING

EIN:

01-0805950

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	6,000	6,000		0

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

THE DAUM FOUNDATION INC

C/O SAUL EWING

EIN:

01-0805950

Name of Bond	End of Year Book Value	End of Year Fair Market Value
RBC FIXED INCOME SECURITIES	436,513	405,096

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

THE DAUM FOUNDATION INC

C/O SAUL EWING

EIN:

01-0805950

Name of Stock	End of Year Book Value	End of Year Fair Market Value
RBC US EQUITIES	1,109,725	1,250,631
RBC EQUITIES INTERNATIONAL	157,532	169,594

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

THE DAUM FOUNDATION INC

C/O SAUL EWING

EIN:

01-0805950

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
RBC OTHER MIXED ASSETS	AT COST	187,449	143,553
RBC OTHER ASSETS	AT COST	128,118	122,521

- TIN:

TY 2015 LegalFeesSchedule

Name:

THE DAUM FOUNDATION INC

C/O SAUL EWING

EIN:

01-0805950

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL	3,325	3,325		0

- TIN:

TY 2015 OtherExpensesSchedule

Name:

THE DAUM FOUNDATION INC

C/O SAUL EWING

EIN:

01-0805950

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ADR FEES	23	23		0

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

THE DAUM FOUNDATION INC

C/O SAUL EWING

EIN:

01-0805950

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	16,074	16,074		0

- TIN:

TY 2015 TaxesSchedule

Name:

THE DAUM FOUNDATION INC

C/O SAUL EWING

EIN:

01-0805950

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAX	2,770	0		0
FOREIGN TAX	207	207		0