Form990-PF
Click to see attachment

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 CELIA LIPTON FARRIS AND VICTOR W
FARRIS FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)250 S AUSTRALIAN AVENUE STE 1403
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST PALM BEACH, FL33401
A Employer identification number

59-2667398
B Telephone number (see instructions)

(561) 841-6360
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$90,115,596J 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) 8,658,550
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,623,282 1,623,282  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,774,462
b Gross sales price for all assets on line 6a 39,364,754
7 Capital gain net income (from Part IV, line 2)... 1,774,462
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 -271,016 -271,016  
12 Total. Add lines 1 through 11........ 11,785,278 3,126,728  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 151,843 0   151,843
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 10,988 0   10,988
16a Legal fees (attach schedule)......... Click to see attachment 769 0   769
b Accounting fees (attach schedule)....... Click to see attachment 22,272 22,272   0
c Other professional fees (attach schedule).... Click to see attachment 666,437 666,437   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 149,058 139,448   9,610
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 41,151 0   41,151
21 Travel, conferences, and meetings....... 29,183 6,454   22,729
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 52,234 18,353   33,881
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,123,935 852,964   270,971
25 Contributions, gifts, grants paid....... 4,405,174 4,405,174
26 Total expenses and disbursements. Add lines 24 and 25 5,529,109 852,964   4,676,145
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,256,169
b Net investment income (if negative, enter -0-) 2,273,764
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............. 3,675,479 4,540,722 4,540,722
2 Savings and temporary cash investments.........      
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 73,383,857 Click to see attachment78,774,783 85,574,874
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) 77,059,336 83,315,505 90,115,596
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 77,059,336 83,315,505
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)..... 77,059,336 83,315,505
31 Total liabilities and net assets/fund balances (see instructions). 77,059,336 83,315,505
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
77,059,336
2
Enter amount from Part I, line 27a .....................
2
6,256,169
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
83,315,505
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
83,315,505
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 ABBOT DOWNING - SHORT TERM P   2015-12-31
b ABBOT DOWNING - SHORT TERM P   2015-12-31
c ABBOT DOWNING - LONG TERM P   2015-12-31
d ABBOT DOWNING - LONG TERM P   2015-12-31
e ABBOT DOWNING - LONG TERM P   2015-12-31
LAZARD GLOBAL FIXED INCOME FD K-1 - SHORT TERM P   2015-12-31
LAZARD GLOBAL FIXED INCOME FD K-1 - LONG TERM P   2015-12-31
(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 16,640,800   16,632,260 8,540
b 4,097,182   4,148,116 -50,934
c 12,201,710   9,686,379 2,515,331
d 6,383,246   7,123,537 -740,291
e 315     315
23,789     23,789
17,712     17,712
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       8,540
b       -50,934
c       2,515,331
d       -740,291
e       315
      23,789
      17,712
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 1,774,462
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 4,639,393 89,643,117 0.051754
2013 1,509,832 84,846,739 0.017795
2012 3,040,301 79,323,198 0.038328
2011 25,000 6,278,533 0.003982
2010 0 5,536 0.000000
2
Total of line 1, column (d) .....................
20.111859
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
0.022372
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
84,495,045
5
Multiply line 4 by line 3......................
5
1,890,323
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
22,738
7
Add lines 5 and 6........................
7
1,913,061
8
Enter qualifying distributions from Part XII, line 4.............
8
4,676,145
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 22,738
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 22,738
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 22,738
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 128,545
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.............. 7 128,545
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 105,807
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet105,807 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    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. Click to see attachment...............................
    10
    Yes
     
    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
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletFARRISFDN.ORG
    14
    The books are in care ofbulletCHRISTINE KOEHN PHD Telephone no.bullet (561) 841-6360

    Located atbullet250 S AUSTRALIAN AVESTE 1403WEST PALM BEACHFL ZIP+4bullet33401
    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
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    GEORGE F FARRIS PRESIDENT
    10.00     		0 0 0
    250 S AUSTRALIAN AVE 1403
    WEST PALM BEACH,FL33401
    ANDREW FARRIS TREASURER
    2.00     		0 0 0
    250 S AUSTRALIAN AVE 1403
    WEST PALM BEACH,FL33401
    CECILE VICTORIA FARRIS TRUSTEE
    1.00     		0 0 0
    250 S AUSTRALIAN AVE 1403
    WEST PALM BEACH,FL33401
    BRENT G FARRIS HAGEY II SECRETARY
    2.00     		0 0 0
    250 S AUSTRALIAN AVE 1403
    WEST PALM BEACH,FL33401
    MARIAN FARRIS RETTERER TRUSTEE
    1.00     		0 0 0
    250 S AUSTRALIAN AVE 1403
    WEST PALM BEACH,FL33401
    CHRISTINE KOEHN EXECUTIVE DIRECTOR
    40.00     		151,843 10,988 0
    250 S AUSTRALIAN AVE 1403
    WEST PALM BEACH,FL33401
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    ABBOT DOWNING INVESTMENT SERVICES 483,320
    255 S COUNTY ROAD STE 200
    PALM BEACH,FL33480
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    81,911,454
    b
    Average of monthly cash balances.......................
    1b
    3,870,318
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    85,781,772
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    85,781,772
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,286,727
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    84,495,045
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,224,752
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    4,224,752
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    22,738
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    22,738
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,202,014
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,202,014
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,202,014
    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
    4,676,145
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,676,145
    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
    22,738
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,653,407
    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 4,202,014
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 3,623,943
    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: bullet$ 4,676,145
    a Applied to 2014, but not more than line 2a 3,623,943
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 1,052,202
    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 ..........     		3,149,812
    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)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADOPT-A-FAMILY OF THE PALM BEACHES
    1712 2ND AVENUE N
    LAKE WORTH,FL33460     		NONE 501(C)(3) PROJECT GROW 37,500
    ADOPT-A-FAMILY OF THE PALM BEACHES
    1712 2ND AVENUE N
    LAKE WORTH,FL33460     		NONE 501(C)(3) PERMANENT SUPPORTIVE HOUSING 69,600
    ADOPT-A-FAMILY OF THE PALM BEACHES
    1712 2ND AVENUE N
    LAKE WORTH,FL33460     		NONE 501(C)(3) HOUSING STABILIZATION PROGRAM 50,000
    AID TO VICTIMS OF DOMESTIC ABUSE
    PO BOX 6161
    DELRAY BEACH,FL33482     		NONE 501(C)(3) HEALTH AND WELLNESS INITIATIVE 112,320
    BLOWING ROCK PTA
    PO BOX 228
    BLOWING ROCK,NC28605     		NONE 501(C)(3) BLOWING ROCK SCHOOL PLAYGROUND REJUVENATION PROJECT 43,000
    BOCA HELPING HANDS
    1500 NW 1ST COURT
    BOCA RATON,FL33432     		NONE 501(C)(3) HOME HELATH CARE JOB TRAINING 50,000
    BOYS AND GIRLS CLUB OF PBC
    800 NORTHPOINT PARKWAY STE 204
    WEST PALM BEACH,FL33407     		NONE 501(C)(3) JOB SMART TO JOB START 50,000
    BOYS AND GIRLS CLUB OF PBC
    800 NORTHPOINT PARKWAY STE 204
    WEST PALM BEACH,FL33407     		NONE 501(C)(3) STEAM 46,250
    CARIDAD CENTER
    8645 W BOYNTON BEACH BLVD
    BOYNTON BEACH,FL33472     		NONE 501(C)(3) MENTAL HEALTH PROGRAM 30,000
    CENTER FOR CREATIVE EDUCATION
    425 24TH STREET
    WEST PALM BEACH,FL33407     		NONE 501(C)(3) DISCOVER SERIES 83,028
    CENTER FOR DISASTER PHILANTHROPY INC
    1201 CONNECTICUT AVE NW STE 300
    WASHINGTON,DC20036     		NONE 501(C)(3) NEPAL EARTHQUAKE RECOVERY FUND 100,000
    CENTER FOR FAMILY SERVICES OF PBC INC
    4101 PARKER AVE
    WEST PALM BEACH,FL33405     		NONE 501(C)(3) HEALING THROUGH ART AND MUSIC 25,000
    CENTER FOR STRATEGIC PHILANTHROPY & CIVIC ENGAGEMENT
    7015 BERACASA WAY STE 105
    BOCA RATON,FL33433     		NONE 501(C)(3) 1HTC REGIONAL PLAN 125,000
    CHILDREN'S CASE MANAGEMENT ORGANIZATION INC
    3333 FOREST HILL BLVD
    WEST PALM BEACH,FL33406     		NONE 501(C)(3) CHILDREN'S BEHAVIORAL HEALTH COLLABORATION 85,022
    CHILDREN'S HOME SOCIETY
    3333 FOREST HILL BLVD
    WEST PALM BEACH,FL33406     		NONE 501(C)(3) CHOICES PROGRAM 100,000
    CHRISTIANS REACHING OUT TO SOCIETY INC
    301 1ST AVENUE S
    LAKE WORTH,FL33460     		NONE 501(C)(3) COMPREHENSIVE FOOD INITIATIVE 100,000
    CLINICS CAN HELP
    1550 LATHAM RD SUITE 10
    WEST PALM BEACH,FL33409     		NONE 501(C)(3) THE LENDING CLOSET 35,000
    COMMUNITY FOUNDATION FOR GREATER BUFFALO
    726 EXCHANGE STREET STE 525
    BUFFALO,NY14210     		NONE 501(C)(3) SAY YES TO BUFFALO SCHOLARSHIPS 150,000
    COMMUNITY FOUNDATION OF PBMC
    700 S DIXIE HIGHWAY STE 200
    WEST PALM BEACH,FL33401     		NONE 501(C)(3) THE GREAT GIVE MATCH 25,000
    CULTURAL COUNCIL OF PBC
    601 LAKE AVENUE
    LAKE WORTH,FL33460     		NONE 501(C)(3) POWER2GIVE 50,000
    DRESS FOR SUCCESS PALM BEACHES
    118 E OCEAN AVENUE
    LANTANA,FL33462     		NONE 501(C)(3) NEXT STEP 12,500
    DRESS FOR SUCCESS PALM BEACHES
    118 E OCEAN AVENUE
    LANTANA,FL33462     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 10,000
    EDUCATION FOUNDATION OF PALM BEACH COUNTY
    3300 FOREST HILL BLVD BLDG E 50-116
    WEST PALM BEACH,FL33406     		NONE 501(C)(3) K-12 FINANCIAL LITERACY 25,000
    EDUCATION FOUNDATION OF PALM BEACH COUNTY
    3300 FOREST HILL BLVD BLDG E 50-116
    WEST PALM BEACH,FL33406     		NONE 501(C)(3) COLLECTIVE IMPACT FOR EDUCATION PLAN 10,000
    EL SOL JUPITER'S NEIGHBORHOOD RESOURCE CENTER
    106 MILITARY TRAIL
    JUPITER,FL33458     		NONE 501(C)(3) WORKER DEVELOPMENT PROJECT 50,000
    FATHER FLANAGANS BOYS TOWN FLORIDA
    3111 S DIXIE HIGHWAY STE 200
    WEST PALM BEACH,FL33405     		NONE 501(C)(3) BEHAVIORAL HEALTH CLINIC 132,000
    FLORIDA ATLANTIC UNIVERSITY FOUNDATION
    777 GLADES ROAD ADM 295
    BOCA RATON,FL33431     		NONE 501(C)(3) HEALTH CARE CAREERS OUTREACH 25,000
    FLORIDA ATLANTIC UNIVERSITY FOUNDATION
    777 GLADES ROAD ADM 295
    BOCA RATON,FL33431     		NONE 501(C)(3) NEW ERA ENTREPRENEUR 25,000
    FLORIDA ATLANTIC UNIVERSITY FOUNDATION
    777 GLADES ROAD ADM 295
    BOCA RATON,FL33431     		NONE 501(C)(3) THE MENTORING PROJECT AT FAU 264,303
    FRIENDS OF CAMP GLEN GRAY
    200 MIDVALE MOUNTAIN RD
    MAHWAH,NJ07430     		NONE 501(C)(3) LATRINE IMPROVEMENT PROJECT 5,000
    HEALTHY MOTHERS HEALTHY BABIES COALITION OF PBC
    500 GULFSTREAM BLVD STE 201
    DELRAY BEACH,FL33483     		NONE 501(C)(3) CENTERING PREGNANCY NORTH 98,771
    JESSICA JUNE CHILDREN'S CANCER FOUNDATION INC
    1600 S ANDREWS AVE
    FORT LAUDERDALE,FL33316     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 50,000
    KIBBLEZ OF LOVE INC
    8100 BELVEDERE ROAD STE 13
    WEST PALM BEACH,FL33411     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 30,000
    KITCHEN ANGELS
    1222 SILER ROAD
    SANTE FE,NM87507     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 25,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVE NE 49-3131
    CAMBRIDGE,MA02139     		NONE 501(C)(3) INNOVATION PRACTICE LEADERS PROGRAM 431,250
    MAX PLANCK FLORIDA INSTITUTE
    1 MAX PLANCK WAY
    JUPITER,FL33458     		NONE 501(C)(3) MPFI INTERNS PROGRAM 108,917
    MENTAL HEALTH ASSOCIATION OF PALM BEACH COUNTY
    909 FERN ST
    WEST PALM BEACH,FL33401     		NONE 501(C)(3) FAMILY CARE COORDINATION 115,000
    MILAGRO CENTER
    695 AUBURN AVE
    DELRAY BEACH,FL33444     		NONE 501(C)(3) EXPANDING MILAGRO ARTS AND EDUCATION 50,000
    MILAGRO CENTER
    695 AUBURN AVENUE
    DELRAY BEACH,FL33444     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 20,000
    NORTON MUSEUM OF ART
    1451 S OLIVE AVE
    WEST PALM BEACH,FL33401     		NONE 501(C)(3) PACE PROGRAM 60,000
    PALM BEACH COUNTY FOOD BANK
    525 GATOR DRIVE
    LANTANA,FL33462     		NONE 501(C)(3) FOOD RECOVERY AND DISBRITUBION 25,000
    PALM BEACH COUNTY FOOD BANK
    525 GATOR DRIVE
    LANTANA,FL33462     		NONE 501(C)(3) NUTRITION DRIVEN 25,000
    PALM BEACH COUNTY LITERACY COALITION
    3651 QUANTUM BLVD
    BOYNTON BEACH,FL33426     		NONE 501(C)(3) BUILDING BETTER READERS 75,000
    PALM BEACH GARDENS YOUTH ATHLETIC ASSOCIATION
    PO BOX 31913
    PALM BEACH GARDENS,FL33420     		NONE 501(C)(3) PREDATORS SOCCER SCHOLARSHIPS 7,000
    PATHWAYS TO PROSPERITY
    900 NORTH SEACREST BLVD
    BOYNTON BEACH,FL33435     		NONE 501(C)(3) CIRCLES PBC 25,000
    PRIME TIME PALM BEACH COUNTY
    2300 HIGH RIDGE RD
    BOYNTON BEACH,FL33426     		NONE 501(C)(3) STEAM IN AFTERSCHOOL 35,000
    PRIME TIME PALM BEACH COUNTY
    2300 HIGH RIDGE ROAD
    BOYNTON BEACH,FL33426     		NONE 501(C)(3) GATEWAY TO ARTS AND CULTURE 43,365
    RICO'S SCHOLARSHIP FOUNDATION
    2101 VISTA PARKWAY STE 116
    WEST PALM BEACH,FL33411     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 10,000
    RUTGERS UNIVERSITY FOUNDATION
    123 WASHINGTON STREET
    NEWARK,NJ07102     		NONE 501(C)(3) ENDOWED CHAIR IN ENTREPRENEURSHIP AND INNOVATION 500,000
    SPIRIT OF GIVING NETWORK INC
    261 NW 13TH STREET
    BOCA RATON,FL33432     		NONE 501(C)(3) MASTERY INSTITUTE EXECUTIVE LEADERS 10,000
    THE CHILDRENS HOSPITAL OF PHILADELPHIA FOUNDATION
    PO BOX 781352
    PHILADELPHIA,PA19178     		NONE 501(C)(3) NF1 PROGRAM 10,000
    THE PALM BEACH STATE COLLEGE FOUNDATION INC
    4200 S CONGRESS AVENUE
    LAKE WORTH,FL33461     		NONE 501(C)(3) SHOWCASING PERFORMANCE ARTS 55,000
    THE SCRIPPS RESEARACH INSTITUTE
    120 SCRIPPS WAY 4B2
    JUPITER,FL33458     		NONE 501(C)(3) FARRIS FOUNDATION FELLOWSHIP 57,848
    TRUSTEES OF PRINCETON UNIVERSITY
    PO BOX 5357
    PRINCETON,NJ08543     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 5,000
    TRUSTEES OF UNIVERSITY OF PENNSYLVANIA
    627 FRANKLIN BLDG 6285
    PHILADELPHIA,PA19104     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 5,000
    UNITED WAY OF PALM BEACH COUNTY INC
    2600 QUANTUM BLVD
    BOYNTON BEACH,FL33426     		NONE 501(C)(3) HUNGER RELIEF EXECUTIVE 10,000
    UNIVERSITY NOW DAY NURSEY
    171 BROADMEAD
    PRINCETON,NJ08540     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 10,000
    UNIVERSITY OF BUFFALO FOUNDATION
    160 JACOBS MANAGEMENT CENTER
    BUFFALO,NY14260     		NONE 501(C)(3) MANAGEMENT ACADEMIC SUCCESS 72,500
    UNIVERSITY OF BUFFALO FOUNDATION
    160 JACOBS MANAGEMENT CENTER
    BUFFALO,NY14260     		NONE 501(C)(3) STUDENT ENTREPRENEUR FELLOWSHIP 80,000
    UNIVERSITY OF FLORIDA FOUNDATION
    1938 W UNIVERSITY AVENUE
    GAINESVILLE,FL32604     		NONE 501(C)(3) JOB-EMBEDDED STEM TEACHER PROF DEV 235,000
    URBAN YOUTH IMPACT
    2823 N AUSTRALIAN AVE
    WEST PALM BEACH,FL33407     		NONE 501(C)(3) LEADERSHIP ACADEMY 50,000
    YALE UNIVERSITY
    P O BOX 7611
    NEW HAVEN,CT06519     		NONE 501(C)(3) YALE CANCER CENTER DONNA FARRIS RATCHR YOUNG INVESTIGATORS FUND 80,000
    YALE UNIVERSITY
    P O BOX 7611
    NEW HAVEN,CT06519     		NONE 501(C)(3) YALE CANCER CENTER ENOWMENT PROJECT 10,000
    YOUNG MEN'S CHRISTIANS ASSOCIATION BUFFALO NIAGARA
    301 CAYUGA ROAD
    BUFFALO,NY14225     		NONE 501(C)(3) SUMMER LEARNING LOSS PREVENTION PROGRAM 30,000
    YOUTH SHELTERS AND FAMILY SERVICES INC
    P O BOX 28279
    SANTA FE,NM87592     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 25,000
    Total .................................bullet 3a 4,405,174
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 1,623,282  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....     14 163,746  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 1,774,462  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aLAZARD GLOBAL FIXED INCOME K-1     		    14 -81,765  
    bOTHER INVESTMENT LOSS     14 -352,997  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,126,728 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,126,728
    (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.)
    3 CONTRIBUTIONS TO ELIGIBLE ORGANIZATIONS
    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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    THE CELIA LIPTON FARRIS AND VICTOR W
    FARRIS FOUNDATION
    Employer identification number

    59-2667398
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    THE CELIA LIPTON FARRIS AND VICTOR W
    FARRIS FOUNDATION         		Employer identification number
    59-2667398
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    VICTOR W FARRIS MARITAL TRUST
     

       
    C/O ABBOT DOWNING 255 SCOUNTY RD 20
     
    PALM BEACH, FL33480

    		$ 4,851,819


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    VICTOR W FARRIS MARITAL TRUST
     

       
    C/O ABBOT DOWNING 255 SCOUNTY RD 20
     
    PALM BEACH, FL33480

    		$ 3,806,731


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    THE CELIA LIPTON FARRIS AND VICTOR W
    FARRIS FOUNDATION         		Employer identification number

    59-2667398
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 SECURITIES $ 4,851,819 2015-04-08
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    THE CELIA LIPTON FARRIS AND VICTOR W
    FARRIS FOUNDATION         		Employer identification number

    59-2667398
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    THE CELIA LIPTON FARRIS AND VICTOR W
     
    FARRIS FOUNDATION
    EIN:
    59-2667398
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 22,272 22,272   0

    TY 2015 GeneralExplanationAttachment
    Name:
    THE CELIA LIPTON FARRIS AND VICTOR W
     
    FARRIS FOUNDATION
    EIN:
    59-2667398
    Identifier Return Reference Explanation
      FORM 990PF - PART VII-A, LINE 12: THE FOUNDATION APPROVED GRANTS TO COMMUNITY FOUNDATIONS IN NOVEMBER 2015; HOWEVER, THE FOUNDATION DIDN'T CREATE THE FUNDS OR PROVIDE FUNDING FOR THOSE FUNDS UNTIL JANUARY 2016.

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE CELIA LIPTON FARRIS AND VICTOR W
     
    FARRIS FOUNDATION
    EIN:
    59-2667398
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABBOT DOWNING - FIXED INCOME AT COST 20,531,061 19,962,387
    ABBOT DOWNING - EQUITIES AT COST 28,522,545 33,085,949
    ABBOT DOWNING - COMPLEMENTARY STRATEGIES AT COST 23,077,354 26,221,328
    ABBOT DOWNING - REAL ASSETS AT COST 6,643,823 6,305,210

    TY 2015 LegalFeesSchedule
    Name:
    THE CELIA LIPTON FARRIS AND VICTOR W
     
    FARRIS FOUNDATION
    EIN:
    59-2667398
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL SERVICES 769 0   769


    TY 2015 OtherExpensesSchedule
    Name:
    THE CELIA LIPTON FARRIS AND VICTOR W
     
    FARRIS FOUNDATION
    EIN:
    59-2667398
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE AND OTHER EXPENSES 3,319 0   3,319
    INSURANCE 4,585 0   4,585
    DUES 11,733 0   11,733
    TELEPHONE 3,143 0   3,143
    PASS THRU DEDUCTIONS FROM INVESTMENT PARTNERSHIP K-1 18,353 18,353   0
    WEBSITE AND COMPUTER EXPENSE 6,872 0   6,872
    GRANTMAKING SOFTWARE 4,229 0   4,229


    TY 2015 OtherIncomeSchedule2
    Name:
    THE CELIA LIPTON FARRIS AND VICTOR W
     
    FARRIS FOUNDATION
    EIN:
    59-2667398
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 42,637 42,637 42,637
    OTHER INVESTMENT INCOME 121,109 121,109 121,109
    LAZARD GLOBAL FIXED INCOME K-1 -81,765 -81,765 -81,765
    OTHER INVESTMENT LOSS -352,997 -352,997 -352,997


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE CELIA LIPTON FARRIS AND VICTOR W
     
    FARRIS FOUNDATION
    EIN:
    59-2667398
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 653,053 653,053   0
    INVESTMENT FEES 13,384 13,384   0


    TY 2015 SubstantialContributorsSch
    Name:
    THE CELIA LIPTON FARRIS AND VICTOR W
     
    FARRIS FOUNDATION
    EIN:
    59-2667398
    Name Address
    VICTOR W FARRIS MARTIAL TRUST C/O ABBOT DOWNING 255 SCOUNTY RD
    PALM BEACH,FL33480


    TY 2015 TaxesSchedule
    Name:
    THE CELIA LIPTON FARRIS AND VICTOR W
     
    FARRIS FOUNDATION
    EIN:
    59-2667398
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 9,549 0   9,549
    FOREIGN TAXES 34,448 34,448   0
    FEDERAL EXCISE TAX 105,000 105,000   0
    TAXES - OTHER 61 0   61