Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
THE BRITTON FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O JE SPODON 100 STATE STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ERIE, PA165071459
A Employer identification number

25-1618532
B Telephone number (see instructions)

(814) 870-7710
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,800,921J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 19 19  
4 Dividends and interest from securities... 81,656 81,656  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 507,716
b Gross sales price for all assets on line 6a 1,875,399
7 Capital gain net income (from Part IV, line 2)... 507,716
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,700 1,700  
12 Total. Add lines 1 through 11........ 591,091 591,091  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 4,091 4,091    
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,330 2,330    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 21,643 21,643    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 28,064 28,064   0
25 Contributions, gifts, grants paid....... 155,500 155,500
26 Total expenses and disbursements. Add lines 24 and 25 183,564 28,064   155,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 407,527
b Net investment income (if negative, enter -0-) 563,027
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 96,260 43,666 43,666
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,926,643 Click to see attachment2,250,449 2,813,996
c Investments—corporate bonds (attach schedule)....... 643,768 Click to see attachment725,768 718,774
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 185,000 Click to see attachment238,070 224,485
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,851,671 3,257,953 3,800,921
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 2,851,671 3,257,953
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 2,851,671 3,257,953
31 Total liabilities and net assets/fund balances (see instructions). 2,851,671 3,257,953
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,851,671
2
Enter amount from Part I, line 27a .....................
2
407,527
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,259,198
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,245
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,257,953
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PNC BANK - SEE ATTACHED P 2014-12-31 2015-12-31
b PNC BANK - SEE ATTACHED P 2014-12-30 2015-12-31
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 311,776   312,173 -397
b 1,558,520   1,055,510 503,010
c
d
e
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       -397
b       503,010
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 507,716
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 126,250 3,810,175 0.033135
2013 180,623 3,590,845 0.050301
2012 113,653 3,318,675 0.034246
2011 50,130 3,212,390 0.015605
2010 34,364 2,883,541 0.011917
2
Total of line 1, column (d) .....................
20.145204
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.029041
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
3,898,052
5
Multiply line 4 by line 3......................
5
113,203
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,630
7
Add lines 5 and 6........................
7
118,833
8
Enter qualifying distributions from Part XII, line 4.............
8
155,500
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 5,630
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 5,630
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 5,630
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 547
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.............. 7 547
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 27
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 5,110
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMACDONALD ILLIG JONES & , BRITTON LLP Telephone no.bullet (814) 870-7600

    Located atbullet100 STATE STREET STE 700ERIEPA ZIP+4bullet16507
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SUZANNE BRITTON PRESIDENT/DI
    0.00     		0 0 0
    2323 EDINBORO RD UNIT 15
    ERIE,PA16509
    JOHN W BRITTON VICE PRES./D
    0.00     		0 0 0
    9620 DONATION ROAD
    WATERFORD,PA16441
    JAMES E SPODEN ESQ TREASURER/DI
    0.00     		0 0 0
    100 STATE STREET STE 700
    ERIE,PA16507
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,883,535
    b
    Average of monthly cash balances.......................
    1b
    73,878
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,957,413
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,957,413
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    59,361
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,898,052
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    194,903
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    194,903
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    5,630
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,630
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    189,273
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    189,273
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    189,273
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    155,500
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    155,500
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    5,630
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    149,870
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 189,273
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 68,946
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 155,500
    a Applied to 2014, but not more than line 2a 68,946
    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..... 86,554
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		102,719
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    SUZANNE E BRITTON PRESIDENT
    C/O MACDONALD ILLIG JONES
    BRITTON LLP 100 STATE ST STE 700
    ERIE,PA16507
    (814) 870-7710
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHED
    cAny submission deadlines:
    SEE ATTACHED
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE ATTACHED
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACHIEVEMENT CENTER
    4950 WEST 23RD STREET
    ERIE,PA16506     		NONE PUBLIC CHARI UNRESISTRICTED 2,500
    ASBURY FOUNDATION
    2323 EDINBORO ROAD
    ERIE,PA16509     		NONE PUBLIC CHARI UNRESISTRICTED 10,000
    BAYFRONT MARITIME CENTER
    40 HOLLAND ST
    ERIE,PA16507     		NONE PUBLIC CHARI UNRESISTRICTED 5,000
    CATHEDRAL PREPARATORY SCHOOL
    225 WEST 9TH STREET
    ERIE,PA16501     		NONE PUBLIC CHARI UNRESISTRICTED 50,000
    CHAUTAQUA INSTITUTIONFOUNDATION
    PO BOX 28
    CHATAAUQUA,NY14722     		NONE PUBLIC CHARI UNRESISTRICTED 3,000
    ERIE ART MUSEUM
    10 EAST 5TH STREET
    ERIE,PA16507     		NONE PUBLIC CHARI UNRESISTRICTED 5,000
    ERIE DAY SCHOOL
    1372 WEST SIXTH STREET
    ERIE,PA16505     		NONE PUBLIC CHARI UNRESISTRICTED 40,000
    ERIE HOMES FOR CHILDREN & ADULTS
    226 EAST 27TH STREET
    ERIE,PA16504     		NONE PUBLIC CHARI UNRESISTRICTED 500
    FIRST PRESBYTERIAN CHURCH OF THE CO
    302 FRENCH STREET
    ERIE,PA16507     		NONE PUBLIC CHARI UNRESISTRICTED 6,500
    GIRL SCOUTS OF WESTERN PA
    5681 ROUTE 6N
    EDINBORO,PA16412     		NONE PUBLIC CHARI UNRESISTRICTED 1,000
    HAMOT HEALTH FOUNDATION
    302 FRENCH STREET
    ERIE,PA16507     		NONE PUBLIC CHARI UNRESISTRICTED 15,000
    MAKE A WISH FOUNDATION
    1001 STATE ST 502
    ERIE,PA16501     		NONE PUBLIC CHARI UNRESISTRICTED 1,000
    SARAH REED CHILDREN'S CENTER
    2445 WEST 34TH ST
    ERIE,PA16506     		NONE PUBLIC CHARI UNRESISTRICTED 2,500
    SECOND HARVEST FOOD BANK
    1507 GRIMM DR
    ERIE,PA16501     		NONE PUBLIC CHARI UNRESISTRICTED 2,500
    SHRINERS HOSPITALS FOR CHILDREN
    1645 W 8TH ST
    ERIE,PA16505     		NONE PUBLIC CHARI UNRESISTRICTED 500
    SIGHT CENTER OF NORTHWEST PENNSYLVA
    2545 W 26TH ST
    ERIE,PA16506     		NONE PUBLIC CHARI UNRESISTRICTED 1,000
    ST JUDE CHILDREN'S RESEARCH HOSPIT
    262 DANNY THOMAS PLACE
    MEMPHIS,TN38105     		NONE PUBLIC CHARI UNRESISTRICTED 2,500
    STAIRWAYS BEHAVIOR HEALTH
    2185 WEST 8TH STREET
    ERIE,PA16505     		NONE PUBLIC CHARI UNRESISTRICTED 1,000
    WQLN
    8425 PEACH STREET
    ERIE,PA16509     		NONE PUBLIC CHARI UNRESISTRICTED 1,000
    YMCA OF GREATER ERIE
    2121 NAGLE RD
    ERIE,PA16510     		NONE PUBLIC CHARI UNRESISTRICTED 5,000
    Total .................................bullet 3a 155,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 19  
    4 Dividends and interest from securities....     14 81,656  
    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 ............     		    18 507,716  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aCLASS ACTION SETTLEMENT     		    1 1,700  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   591,091  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13591,091
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE BRITTON FAMILY FOUNDATION
    EIN:
    25-1618532
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VANGUARD TOTAL BOND MARKET EFT 135,200 137,292
    BLACKROCK FUNDS HIGH YIELD BD PORTFO    
    TEMPLETON GLOBAL BOND FUND 80,000 70,220
    BAIRD AGGREGATE BOND FD 225,000 219,627
    METROPOLITAN WEST UNCONSTRAINED BOND 75,000 73,535
    DODGE & COX INCOME FD 210,568 218,100

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE BRITTON FAMILY FOUNDATION
    EIN:
    25-1618532
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3 M COMPANY 19,734 17,926
    ACCENTURE PLC    
    AETNA INC NEW 25,312 45,302
    ALLERGAN INC CO    
    ALLSTATE 29,882 26,388
    ALPHABET INC 11,709 29,564
    ALTRIA GROUP 22,617 36,439
    AMERICAN BEACON FUNDS 59,700 56,734
    AMERICAN EXPRESS CO    
    AMERIPRISE FINANCIAL 19,742 16,176
    AMGEN INC 41,858 43,667
    APPLE INC. 46,336 90,103
    ARTISAN INTERNATIONAL FD 60,200 57,156
    B/E AEROSPACE INC    
    BECTON DICKINSON 16,034 25,887
    BERKSHIRE HATHAWAY 26,649 24,427
    BOEING INC 10,600 20,966
    CBS CORP CLASS B    
    CF INDUSTRIES HOLDINGS    
    CHECK POINT SOFTWARE 22,372 22,705
    CHEVRON CORP    
    CHUBB CORP CO    
    CIGNA CORP 36,616 50,191
    CINTAS CORP 31,855 35,054
    CISCO SYS. INC. 37,327 47,847
    CITIGROUP INC    
    COCA COLA    
    COMCAST CORP 15,819 37,582
    CONAGRA FOODS    
    CONOCOPHILLIPS 28,098 20,870
    CONSTELLATION BRANDS 39,183 50,424
    CVS CAREMARK 21,497 38,228
    DISCOVER FINANCIAL    
    DISNEY WALT CO 31,316 51,910
    DOW CHEMICALS 27,642 27,593
    DR HORTON INC    
    DR PEPPER 33,342 40,915
    EBAY INC    
    EDISON INTL    
    EDWARDS LIFESCIENCES CORP 34,526 38,700
    EMC CORP    
    EXXON MOBIL CORP 27,816 31,258
    FIDELITY ADVISOR FLOATING HIGH INCOM 20,110 18,544
    FIFTH THIRD BANCORP    
    FOOT LOCKER 22,121 27,793
    FRANKLIN RESOURCES INC    
    GENERAL DYNAMICS 29,648 27,884
    GENERAL ELECTRIC 13,841 26,571
    GOLDMAN SACHS GROUP 29,857 25,052
    GOOGLE INC    
    HALLIBURTON CO    
    HANESBRANDS 27,420 30,283
    HARBOR INTL FD 118,845 147,221
    HCA HOLDINGS 31,110 30,501
    HELMERICH & PAYNE    
    HERSHEY CO    
    HOME DEPOT 11,333 34,517
    HONEYWELL INTL INC 31,444 30,967
    INTEL CORP COMM    
    INTERNATIONAL BUSINESS MACHINES CORP    
    INTERNATIONAL PAPER CO    
    INVESCO LTD 27,447 26,884
    ISHARES TR RUSSELL MIDCAP 108,394 223,932
    ISHARES TR RUSSSELL 2000 SMALL CAP 89,183 110,593
    JACOBS ENGINEERING GROUP    
    JOHNSON & JOHNSON CO 22,922 38,623
    JP MORGAN CHASE 33,293 51,041
    KLX INC    
    KROGER CO 42,218 53,040
    L BRANDS 23,574 27,884
    LAM RESEARCH CORP 21,406 20,252
    LINCOLN NATIONAL CORP 30,164 29,704
    LITMAN GREGORY MASTERES INTERNATIONA    
    LOCKHEED MARTIN CORP 20,882 23,452
    MACY'S INC    
    MAGNA INTERNATIONAL 27,457 24,417
    MCKESSON CORP 35,247 32,740
    MICROSOFT COP 9,632 24,911
    MONSANTO CO    
    NIKE INC CLASS B    
    NORTHROP GRUMMAN CORP 30,142 34,930
    NXP SEMICONDUCTORS 24,406 26,539
    ORACLE COPR    
    PFIZER INC    
    POLARIS INDUSTRIES 12,993 14,354
    PPG INDUSTIES 28,074 24,705
    PRINCIPAL FINANCIAL GROUP 28,167 26,583
    PROCTER & GAMBLE CO    
    PVH CORP    
    QUALCOMM    
    RESMED INC    
    ROYCE TOTAL RETURN RD    
    SCHLUMBERGER LTD 41,893 35,852
    SHIRE PLC SPONSORED ADR    
    SKYWORKS SOLUTIONS 36,831 38,722
    SNAP ON INC 29,432 38,400
    ST JUDE MEDICAL 19,941 18,716
    STANLEY BLACK & DECKER 20,618 20,599
    T ROWE PRICE REAL ESTATE 75,903 108,432
    TE CONNECTIVITY LTD 29,449 30,431
    TRACKER SUPPLY CO 24,360 23,598
    TRAVELERS COS INC 28,363 30,359
    UNION PACIFIC CORP    
    UNITED TECHNOLOGIES CORP    
    VALERO ENERGY    
    VANGUARD FTSE EMERGING MARKETS 80,034 84,784
    VERIZON CO 37,329 35,035
    VISA INC 13,371 26,367
    VOYA FINL INC 21,510 18,049
    WEC ENERGY GROUP 14,976 33,818
    WELLS FARGO 23,140 46,097
    WISCONSIN ENERGY CORP    
    WYNDHAM WW CORP 24,187 26,808

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE BRITTON FAMILY FOUNDATION
    EIN:
    25-1618532
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    EATON VANCE FLOATING RATE FUND   125,000 114,999
    DODGE & COX INTERNATIONAL   55,900 52,002
    HARDING LOEVNER INTERNATIONAL   57,170 57,484

    TY 2015 LegalFeesSchedule
    Name:
    THE BRITTON FAMILY FOUNDATION
    EIN:
    25-1618532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 4,091 4,091    


    TY 2015 OtherDecreasesSchedule
    Name:
    THE BRITTON FAMILY FOUNDATION
    EIN:
    25-1618532
    Description Amount
    ACCRUED INCOME NOT ON BOOKS 1,245


    TY 2015 OtherExpensesSchedule
    Name:
    THE BRITTON FAMILY FOUNDATION
    EIN:
    25-1618532
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT EXPENSES 21,587 21,587    
    BANK FEES 56 56    


    TY 2015 OtherIncomeSchedule2
    Name:
    THE BRITTON FAMILY FOUNDATION
    EIN:
    25-1618532
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLASS ACTION SETTLEMENT 1,700 1,700  


    TY 2015 TaxesSchedule
    Name:
    THE BRITTON FAMILY FOUNDATION
    EIN:
    25-1618532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,024 1,024    
    2014 EXCISE TAX BASED ON INVEST. 1,306 1,306