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 Rivers Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

27-0167279
B Telephone number (see instructions)

(800) 839-1754
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$2,182,551J 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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 522 522  
4 Dividends and interest from securities... 39,589 39,589  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,402
b Gross sales price for all assets on line 6a 344,742
7 Capital gain net income (from Part IV, line 2)... 9,402
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 1  
12 Total. Add lines 1 through 11........ 49,514 49,514  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 15,895 15,895    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,086      
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 19,331 369   18,962
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 40,312 16,264   18,962
25 Contributions, gifts, grants paid....... 526,500 526,500
26 Total expenses and disbursements. Add lines 24 and 25 566,812 16,264   545,462
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -517,298
b Net investment income (if negative, enter -0-) 33,250
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......... 960,815 372,434 372,434
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)....... 1,407,839 Click to see attachment1,469,895 1,414,721
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).......... 421,728 Click to see attachment430,755 395,396
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) 2,790,382 2,273,084 2,182,551
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..................    
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 2,790,382 2,273,084
30 Total net assets or fund balances (see instructions)..... 2,790,382 2,273,084
31 Total liabilities and net assets/fund balances (see instructions). 2,790,382 2,273,084
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
2,790,382
2
Enter amount from Part I, line 27a .....................
2
-517,298
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,273,084
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,273,084
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 Publicly-traded Securities      
b
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 344,742   335,340 9,402
b
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       9,402
b
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 9,402
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 375,611 2,152,479 0.174502
2013 438,321 1,755,647 0.249664
2012 348,569 1,297,033 0.268743
2011 221,573 1,004,567 0.220566
2010 165,044 471,500 0.35004
2
Total of line 1, column (d) .....................
21.263515
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
0.252703
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,401,444
5
Multiply line 4 by line 3......................
5
606,852
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
333
7
Add lines 5 and 6........................
7
607,185
8
Enter qualifying distributions from Part XII, line 4.............
8
545,462
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 1 665
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........................... 3 665
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- ..... 5 665
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 665
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)
    bulletDE
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
    Philip M Rivers Pres / Dir / Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Tiffany Rivers VP / Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    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
    1,441,545
    b
    Average of monthly cash balances.......................
    1b
    609,812
    c
    Fair market value of all other assets (see instructions)................
    1c
    386,657
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,438,014
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,438,014
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    36,570
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,401,444
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    120,072
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    120,072
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    665
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    665
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    119,407
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    119,407
    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
    119,407
    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
    545,462
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    545,462
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    545,462
    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 7 119,407
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 141,577
    b From 2011...... 171,753
    c From 2012...... 284,183
    d From 2013...... 352,415
    e From 2014...... 274,073
    fTotal of lines 3a through e........ 1,224,001
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 545,462
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 119,407
    e Remaining amount distributed out of corpus 426,055
    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 1,650,056
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		141,577
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		1,508,479
    10 Analysis of line 9:
    a Excess from 2011.... 171,753
    b Excess from 2012.... 284,183
    c Excess from 2013.... 352,415
    d Excess from 2014.... 274,073
    e Excess from 2015.... 426,055
    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).)
    Philip M Rivers
    Tiffany Rivers
    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
    AGNUS DEI FOUNDATION
    243 S EXCONDIDO BLVD STE 127
    ESCONDIDO,CA92025     		N/A PC General & Unrestricted 84,500
    ALABAMA CASA NETWORK INC
    1919 OXMOOR RD 381
    BIRMINGHAM,AL35209     		N/A PC north alabama casa project 2,000
    CASA OF NORTH ALABAMA
    PO BOX 36
    DECATUR,AL35602     		N/A PC General & Unrestricted 20,000
    CATHOLIC ANSWERS INC
    PO BOX 199000
    SAN DIEGO,CA92159     		N/A PC General & Unrestricted 10,000
    CATHOLIC RELIEF SERVICES INC
    228 W LEXINGTON ST
    BALTIMORE,MD21201     		N/A PC General & Unrestricted 6,000
    CULTURE OF LIFE FAMILY SERVICES
    5030 CAMINO DE LA SIESTA STE 106
    SAN DIEGO,CA92108     		N/A PC General & Unrestricted 25,000
    DIOCESE OF BIRMINGHAM IN ALABAMA INC
    2121 3RD AVE N
    BIRMINGHAM,AL35203     		N/A PC Camp Tekakwitha pool project 53,000
    ETERNAL WORD TELEVISION NETWORK INC
    5817 OLD LEEDS RD
    IRONDALE,AL35210     		N/A PC General & Unrestricted 5,000
    FELLOWSHIP OF CATHOLIC UNIVERSITY STUDENTS
    PO BOX 18710
    GOLDEN,CO80402     		N/A PC General & Unrestricted 20,000
    FREEDOM OF CONSCIENCE DEFENSE FUND
    PO BOX 9520
    RANCHO SANTA FE,CA92067     		N/A PC General & Unrestricted 15,000
    IHR EDUCATIONAL BROADCASTING - IMMACULATE HEART RA
    3256 PENRYN RD STE 100
    LOOMIS,CA95650     		N/A PC General & Unrestricted 20,000
    JUST IN TIME FOR FOSTER YOUTH
    PO BOX 81292
    SAN DIEGO,CA92138     		N/A PC General & Unrestricted 15,000
    LIFE CHOICES PREGNANCY CENTER
    13412 POMERADO RD STE C
    POWAY,CA92064     		N/A PC General & Unrestricted 5,000
    MILES CHRISTI RELIGIOUS ORDER
    PO BOX 910331
    SAN DIEGO,CA92191     		N/A PC General & Unrestricted 6,000
    OPTIONS UNITED
    690 VISTA DEL SOL
    CAMARILLO,CA93010     		N/A PC General & Unrestricted 5,000
    OUR LADY OF MT CARMEL CATHOLIC PARISH SAN DIEGO
    13541 STONEY CREEK RD
    SAN DIEGO,CA92129     		N/A PC General & Unrestricted 32,000
    PROMISES2KIDS FOUNDATION
    9440 RUFFIN COURT STE 2
    SAN DIEGO,CA92123     		N/A PC General & Unrestricted 5,000
    PROMISES2KIDS FOUNDATION
    9440 RUFFIN COURT STE 2
    SAN DIEGO,CA92123     		N/A PC birthday club Fund 10,000
    PROMISES2KIDS FOUNDATION
    9440 RUFFIN COURT STE 2
    SAN DIEGO,CA92123     		N/A PC something special fund 10,000
    PROMISES2KIDS FOUNDATION
    9440 RUFFIN COURT STE 2
    SAN DIEGO,CA92123     		N/A PC birthday club Fund 5,000
    QUEEN OF HEAVEN CATHOLIC RADIO INC
    PO BOX 483
    PLEASANT GRV,AL35127     		N/A PC north alabama radio Initiative 100,000
    RONALD MCDONALD HOUSE CHARITIES OF SAN DIEGO INC
    2929 CHILDRENS WAY
    SAN DIEGO,CA92123     		N/A PC Pass it On Campaign 5,000
    SAINT JOSEPH ACADEMY
    500 LAS FLORES DR
    SAN MARCOS,CA92078     		N/A PC General & Unrestricted 5,000
    ST DISMAS GUILD
    PO BOX 2129
    ESCONDIDO,CA92033     		N/A PC General & Unrestricted 1,000
    ST ANN'S SCHOOL
    3910-A SPRING AVE
    DECATUR,AL35603     		N/A PC General & Unrestricted 5,000
    STEWARDSHIP A MISSION OF FAITH
    48 INDUSTRIAL RD
    ELIZABETHTOWN,PA17022     		N/A PC Chastity Project 10,000
    THE ANGELS FOSTER FAMILY AGENCY
    9295 FARNHAM ST STE 200
    SAN DIEGO,CA92123     		N/A PC General & Unrestricted 15,000
    THE DOMINICAN SISTERS OF MARY MOTHER OF THE EUCHA
    4597 WARREN RD
    ANN ARBOR,MI48105     		N/A PC General & Unrestricted 12,000
    VOICES FOR CHILDREN
    2851 MEADOW LARK DR
    SAN DIEGO,CA92123     		N/A PC General & Unrestricted 20,000
    Total .................................bullet 3a 526,500
    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 ...........     		    14 522  
    4 Dividends and interest from securities....     14 39,589  
    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 9,402  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aForeign Tax Refund     		    01 1  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   49,514  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1349,514
    (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

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 DepreciationSchedule
    Name:
    The Rivers Foundation
    EIN:
    27-0167279
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Rivers Foundation
    EIN:
    27-0167279
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 1,743 1,958
    AAC TEC HOLDINGS ADR 1,808 1,625
    ABB LTD 1,377 1,241
    ABBOTT LABS 3,356 3,907
    ABBVIE INC 404 474
    ACAP STRATEGIC FUND 52,482 53,071
    ACCENTURE PLC 2,377 3,135
    ACE LTD 1,600 1,753
    ACUITY BRANDS INC 1,682 1,870
    ADECCO S.A. UNSP/ADR 1,707 1,435
    ADOBE SYSTEMS, INC 4,585 5,355
    ADVANCED SEMICONDUCT 1,481 1,554
    AERCAP HOLDING N.V 1,536 1,597
    AES CORP 2,533 1,971
    AIA GROUP LTD ADR 2,020 2,483
    AKBANK TURK ANONIM SIRKETI ADR 2,216 1,793
    ALEXION PHARMACEUTICALS, INC 2,863 3,434
    ALIBABA GROUP HOLDING LIMITED 1,863 2,194
    ALLIANCEBERNSTEIN SMALL CAP GR 472 402
    ALLIANZ SE ADR 5,063 5,286
    ALPHABET INC CL A 3,797 5,446
    ALPHABET INC CL C 4,249 6,071
    ALTRIA GROUP INC 2,513 3,900
    AMAZON COM 1,287 2,704
    AMBEV SA 3,754 2,609
    AMER INTERNATIONAL GROUP INC 681 744
    AMERICA MOVIL SA 1,573 1,223
    AMERICAN EXPRESS CO 271 209
    ANADARKO PETROLEUM CORP 2,313 1,312
    ANHEUSER BUSCH COS INC 1,267 1,500
    ANTHEM INC 707 697
    APPLE INC 5,019 6,421
    APPLIED MATERIALS INC 2,849 2,763
    ARM HOLDINGS PLC 1,595 1,629
    ARTISAN MID CAP FUND ADVISOR S 45,369 37,966
    ASTON SIVERCREST SMALL CAP FD 42,575 40,699
    ASTRAZENECA 2,549 2,648
    AT&T, INC 1,983 1,961
    ATLAS COPCO AB A SHS ADR 1,045 904
    AUTOMATIC DATA PROCESSING INC 2,255 2,711
    BAE SYSTEMS PLC 2,166 2,210
    BAIDU.COM - ADR 6,890 6,994
    BANCO BILBAO ARG SA 1,227 762
    BANCO DO BRASIL S A SPONSORED 3,529 1,542
    BANCO ITAU HOLDING FINANCIERA 1,495 911
    BANCO MACRO BANSUD 2,410 3,080
    BANK OF AMERICA CORP 2,621 2,642
    BAXALTA INCORPORATED 1,497 1,834
    BAXTER INTERNATIONAL INC 722 687
    BAYER A G SPONSORED ADR 1,573 1,498
    BAYERISCHE MOTOREN WERKE 1,625 1,360
    BB SEGURIDADE 2,561 1,308
    BCE INC 3,877 3,476
    BERKSHIRE HATHAWAY INC. CLASS 4,402 4,621
    BG GROUP PLC ADS 1,603 1,379
    BHP BILLITON LIMITED 1,588 618
    BIDVEST GROUP LTD 1,615 1,316
    BLACKROCK HIGH YIELD BOND INST 79,528 68,001
    BNP PARIBAS SPONS ADR 2,340 1,809
    BOC HK HLDGS LTD S/ADR 1,279 1,275
    BOEING CO 871 868
    BRIDGESTONE CORP UNSP ADR 1,423 1,384
    BRISTOL-MYERS SQUIBB CO 5,258 7,017
    BRITISH AMERICAN TOBACCO PLC 2,440 2,430
    BT GROUP PLC ADS 1,618 1,800
    BUNGE LTD 1,447 1,297
    CANADIAN NATL RAILWAY CO 2,725 2,738
    CAP GEMINI SA UNSP/ADR 1,428 1,760
    CELGENE CORP 4,099 4,790
    CHECK POINT SOFTWARE TECHNOLOG 1,388 1,709
    CHEVRON CORP 5,181 4,138
    CHINA CONSTRUCT UNSPON ADR 6,216 5,172
    CHINA EASTERN AIRLINES CORP LT 1,575 1,520
    CHINA MOBILE HGK LTD 4,829 5,126
    CHINA SHENHUA ADR 2,029 1,221
    CIELO SA ADR 3,189 2,086
    CISCO SYSTEMS INC 1,453 1,765
    CITIGROUP INC 4,127 4,399
    CLICKS GROUP LIMITED 2,539 2,107
    CME GROUP, INC 437 544
    CMS ENERGY CP 464 469
    CNOOC LTD ADS 4,608 2,818
    COCA-COLA CO 600 644
    COGNIZANT TECHNOLOGY SOLUTIONS 4,832 5,822
    COLOPLAST AS ADR 415 486
    COMCAST CORP 674 790
    COMML INTL BK S/ADR 2,463 2,138
    COMPANHIA ENERG DE ADR 2,083 639
    CONOCOPHILLIPS 4,095 2,755
    CORE LABORATORIES 2,181 1,957
    CORNING INC 2,400 2,120
    COSTCO WHOLESALE CORPORATION 1,451 2,100
    CSL LTD 1,230 1,455
    CSX CORP 1,507 1,375
    CVS CAREMARK CORP 2,364 2,249
    DASSAULT SYS SA SPN ADR 2,193 2,966
    DBS GROUP HLDGS SPON ADR 2,607 2,102
    DEUTSCHE POST AG 1,975 1,639
    DEUTSCHE TELE AG ADS 1,648 1,842
    DEXCOM, INC 1,775 1,556
    DIAGEO PLC ADS 2,238 1,963
    DOLLAR GENERAL CORP 1,190 1,150
    DOMINION RESOURCES INC 918 879
    DOW CHEMICAL PV 530 566
    DU PONT DE NEMOURS 4,292 4,529
    ELI LILLY & CO 865 1,264
    ENGIE 1,802 1,179
    EVERSOURCE ENERGYINC 316 357
    EXELON CORPORATION 421 389
    EXPRESS SCRIPTS HOLDING CO 4,606 5,332
    EXXON MOBIL CORP 2,728 2,572
    F M C CP 1,304 1,370
    FACEBOOK INC 3,923 5,547
    FANUC LIMITED UNSPONSORED 2,024 1,959
    FASTENAL COMPANY 2,523 2,327
    FITBIT INC COM 2,422 1,953
    FREEPORT-MCMORAN COPPER & GOLD 1,706 352
    FRESENIUS MED CAR AG 906 1,088
    FUCHS PETROLUB SE 866 863
    GAP INC 580 420
    GARTNER INC 1,638 2,177
    GENERAL ELECTRIC CO 3,611 4,361
    GLAXOSMITHKLINE PLC 2,422 1,856
    GOLDMAN SACHS GROUP 568 541
    GRIFOLS SA REP 1/2 CL B 709 648
    HEALTH CARE PPTY INVS INC 1,680 1,683
    HEALTH CARE REIT INC 1,484 1,701
    HEINEKEN N V S ADR 1,590 1,539
    HOME DEPOT INC 1,034 1,719
    HONDA MOTOR CO LTD 1,781 1,692
    HONEYWELL INTL 2,640 3,004
    HSBC HOLDINGS PLC 3,001 2,329
    HUMANA INC 1,914 3,035
    ICICI BK LTD ADS 1,305 1,159
    ICON PLC - AMERICAN DEPOSITARY 1,149 1,632
    ILLUMINA INC COM 2,558 3,071
    IMPERIAL BRANDS PL 1,876 2,432
    IMPERIAL HOLDINGS LTD AD 2,121 1,021
    IMPERIAL OIL LMT 826 585
    INTEL CORP 1,870 2,480
    INTERCEPT PHARM INC 3,040 2,091
    INTERCONTINENTAL EXCHANGE, INC 1,909 2,050
    INTERNATIONAL BUSINESS MACHINE 385 275
    INTERNATIONAL PAPER CO 565 452
    INVESCO AMERICA VALUE FUND CLA 44,512 37,198
    ISHARES BARCLAYS TIPS BOND FUN 76,643 72,936
    ISHARES RUSSELL 2000 GROWTH IN 42,017 42,479
    ITV PLC SHS 1,660 1,711
    JAPAN TOB INC 2,023 2,322
    JGC CORP ADR 1,253 733
    JOHNSON & JOHNSON 2,818 2,979
    JP MORGAN CHASE 5,422 6,075
    JUNIPER NETWORKS 1,736 1,932
    KASIKORNBANK PUB CO LTD ADR CM 4,097 2,629
    KDDI CP UNSP ADR 1,319 1,838
    KEPPEL CORP LTD ADR 2,266 1,470
    KIMBERLY CLARK 2,292 2,270
    KIMBERLY CLARK CORP 1,577 1,910
    KOC HOLDINGS AS UNSP/ADR 2,357 2,072
    KONE OYJ ADR B SHS 947 861
    KOOKMIN BANK 3,479 2,759
    KOREA ELECTRIC PW CP 1,631 1,651
    KRAFT HEINZ CO 2,076 2,037
    KROGER CO 571 837
    L'AIR LIQUIDE ADR OTC 1,908 1,727
    L'OREAL ADR 1,620 1,654
    LINDE AG SPONSORED ADR 719 548
    LINKEDIN CORPORATION 2,871 3,376
    LKQ CORPORATION 2,137 2,341
    LOCALIZA RENT A CAR SA 3,824 1,873
    LOCKHEED MARTIN CORP 700 869
    LOWES COMPANIES INC 1,646 2,585
    LVMH MOET HENN UNSP 810 693
    M&T BANK CORP 3,253 3,272
    MAGNA INTERNATIONAL INC 1,729 1,298
    MANULIFE FIN CORP 3,546 2,801
    MARATHON OIL CORP COM 1,616 579
    MARATHON PETROLEUM CORP 1,799 2,074
    MASTERCARD INC 1,025 1,363
    MCDONALD'S CORP 683 827
    MEAD JOHNSON NUTRITI 2,323 2,211
    MERCADOLIBRE, INC 2,510 2,515
    MERCK & CO INC 3,082 2,905
    METLIFE INC 4,133 3,809
    METROPOLITAN WEST RETURN BOND 88,618 87,205
    MICHELIN CIE GEN UNSP/ADR 1,544 1,545
    MICROSOFT CORP 2,692 3,662
    MITSUBISHI ELEC UNSP/ADR 1,686 1,343
    MITSUBISHI ESTATE CO ADR 753 664
    MOBILE TELSYS OJSC 2,575 1,174
    MOBILEYE NV 3,487 3,213
    MONDELEZ INTERNATIONAL INC 377 493
    MONOTARO CO., LTD 355 778
    MONSTER BEVERAGE CORP 2,659 2,979
    MORGAN STANLEY 2,490 2,418
    MOTOROLA SOLUTIONS INC 448 479
    MTN GROUP LTD SPON ADR 2,979 1,287
    MUENCHENER RUECKVERS 1,555 1,459
    MURATA MFG INC UNSP/ADR 1,590 1,587
    NASPERS LTD N SPONS ADR 684 682
    NEDBANK GROUP LTD S/ADR 2,143 1,348
    NESTLE S.A 7,631 7,442
    NETEASE.COM INC COM STK 4,303 8,156
    NEXTERA ENERGY, INC 4,785 5,091
    NIKE INC-CL B 4,732 7,000
    NIPPON TELEPHONE ADR 1,825 2,742
    NORDSTROM INC 1,359 1,096
    NORTHROP GRUMMAN CORP 727 1,133
    NOVARTIS AG ADR 1,711 1,807
    NOVO NORDISK A S 3,243 3,543
    NXP SEMICONDUCTORS 1,766 1,432
    O'REILLY AUTOMOTIVE INC 1,687 2,788
    OAO GAZPROM 2,615 1,541
    OCCIDENTAL PETROLEUM CORP 1,196 947
    ORACLE CORP 3,373 3,105
    ORIX CORP ADS 1,788 1,616
    ORKLA ASA SPON ADR 1,469 1,372
    PANDORA A/S 942 1,790
    PAYPAL HOLDINGS, INC 1,445 1,557
    PERRIGO CO PLC 2,699 2,605
    PFIZER INC 3,135 3,293
    PHILIP MORRIS INTL 3,901 4,220
    PHILIPPINE LONG DISTANCE ADR 3,286 2,309
    PJSC LUKOIL SP/ADR 3,193 2,372
    PRAXAIR INC 388 307
    PRETORIA PORTLAND ADR 1,268 610
    PRICELINE.COM INCORPORATED 8,362 8,925
    PROCTER GAMBLE CO 1,219 1,191
    BIOGEN INC 2,754 2,757
    PRUDENTIAL FINCL INC 2,644 2,605
    PT ASTRA INTL ADR 3,648 2,465
    PT BK MANDIR PRS UNSP/ADR 5,853 4,611
    PT SEMEN GRESIK PERSERO 2,512 1,749
    PT TELEKOM. IND. TBK ADR 3,817 4,085
    PUBLIC SVC ENTERPRISE GROUP IN 408 387
    QUALCOMM INC 6,566 4,449
    QUEST DIAGNOSTICS 595 569
    RAYTHEON CO 2,255 2,864
    REGENERON PHARMACEUTICALS, INC 2,233 3,800
    RENAULT SA 1,599 1,774
    REXAM PLC ADR 1,001 1,118
    REYNOLDS AMERICAN INC 421 462
    RIOCAN REAL ESTATE INV TR 749 554
    ROCHE HOLDING LTD ADR 6,890 6,480
    ROYAL DUTCH SHEL PLC SPONS ADR 3,425 2,118
    ROYAL DUTCH SHELL CL A 2,121 1,465
    RYANAIR HOLDINGS PLC-ADR COM 1,481 1,816
    SANDS CHINA LTD UNSP ADR 1,549 815
    SANLAM LTD SPONSORED ADR 1,795 1,230
    SANOFI-AVENTIS SPONSORED ADR 2,437 2,005
    SAP AKTIENGESELL ADS 2,085 2,057
    SASOL LTD 1,019 590
    SBERBANK SPONSORED ADR 3,519 2,849
    SCHLUMBERGER LTD 5,919 4,534
    SCOTTISH & SOUTHERN ENERGY ADR 2,272 2,058
    SERVICE NOW 2,178 2,510
    SHINHAN FINL GROUP CO LTD 3,364 2,754
    SHIRE PLC 1,965 1,640
    SHOPRITE HOLDINGS LTD 1,724 1,187
    SIEMENS AG 2,403 1,827
    SINGAPORE TELE ADR 1,632 1,442
    SK TELECOM ADS ADS 1,395 1,249
    SKYWORKS SOLUTIONS, INC 2,096 1,921
    SMC CORPORATION 1,461 1,470
    SMITHS GROUP ORD 37.5P 1,231 1,003
    SONOVA HOLDING AG AD 824 708
    SPLUNK INC 2,769 2,999
    STANDARD BANK GROUP SPON ADR 2,348 1,334
    STARBUCKS CORP COM 2,629 4,262
    STATOIL ASA ADS 1,050 907
    STERICYCLE INC 2,230 2,291
    SUMITOMO MITSUI FINCL GRP 1,579 1,564
    SUNCOR ENERGY INC 1,677 1,342
    SUNTRUST BKS INC 1,291 1,414
    SVENSKA HANDELSBK UNS ADR 685 554
    SYMANTEC CORP 995 1,050
    SYMRISE AG UNSPONSORED 682 824
    SYSMEX CORP UNSP ASDR 1,018 1,906
    TAIWAN SEMICONDUCTOR MFG CO LT 8,268 9,214
    TATA MOTORS LTD ADS 1,756 1,532
    TECHTRONIC INDS SPD ADR 1,639 1,800
    TEMPLETON INTERNATIONAL BOND F 30,194 28,512
    TERADATA CORPORATION 2,248 1,400
    TESLA MOTORS INC 1,914 2,160
    TEVA PHARMECEUTICAL SP ADR 1,619 1,772
    TJX COMPANIES INC 2,601 3,191
    TORAY INDUSTRIES INC 1,527 1,678
    TOTAL FINA ELF S.A 2,957 2,158
    TOYOTA MTR CORP 1,662 1,600
    TRAVELERS COMPANIES INC 1,680 2,257
    TURKCELL ILETISIM HIZMETLERI A 2,053 1,443
    TURKIYE GARANTI BANK 1,029 731
    TYCO INTERNATIONAL LTD 443 351
    TYSON FOODS INC CL A 3,240 4,213
    UBS AG 1,972 2,034
    UNIBAIL RODAMCO SE 1,592 1,527
    UNICHARM CORP - SPN ADR 1,279 1,448
    UNILEVER N V N Y 3,533 3,726
    UNILEVER PLC AMER 2,666 2,673
    UNION PACIFIC 1,932 1,642
    UNITED OVRSEAS BK LTD ADR 1,343 1,074
    UNITED PARCEL SERVICE 583 577
    UNITED TECHNOLOGIES CORP 2,060 1,729
    UNITED TRACTORS UNSPON ADR 1,836 1,264
    UNITEDHEALTH GROUP INC 1,096 1,176
    UNUM CORP 2,513 2,430
    US BANCORP 850 853
    VALE SA PREFERENCE A ADR 1,162 395
    VALEO SA SPONS ADR 1,496 1,703
    VALERO ENERGY CORP 1,900 2,546
    VALIDUS HLDS LTD 1,447 1,805
    VERISK ANALYTICS, INC 1,683 2,153
    VERIZON COMMUNICATIONS 4,161 4,067
    VERTEX PHARMCTLS INC 2,427 3,397
    VESTAS WIND SYS UNSP/ADR 1,587 2,089
    VIRTUS MULTI-SECTOR SHRT TRM B 217,020 206,345
    VISA INC 7,104 10,392
    VODACOM GROUP LIMITE 1,561 1,264
    VODAFONE GROUP PLC 2,801 2,516
    WABCO HOLDINGS INC 1,457 1,432
    WEICHAI POWER CO LTD 2,149 1,166
    WELLS FARGO & CO 5,719 6,088
    WESTERN ASSET CORE PLUS BOND P 45,227 45,100
    WEYERHAEUSER CO 403 420
    WH GROUP LIMITED 1,606 1,728
    WILLIAMS COS 1,467 925
    WIPRO LTD SPON ADR 1,592 1,512
    WOOLWORTHS HOLDINGS LTD 2,399 2,136
    WPP GROUP PLC 2,016 2,295
    WYNN MACAU 2,163 915
    YPF SOCIEDAD ANONIMA 3,095 1,651
    YY INC 1,856 1,687
    ZURICH INS GROU ADR 3,166 2,717

    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Rivers Foundation
    EIN:
    27-0167279
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKSTONE ALT ALPHA   156,950 153,826
    SKYBRIDGE MULTI-ADVISOR   273,805 241,570

    TY 2015 OtherExpensesSchedule
    Name:
    The Rivers Foundation
    EIN:
    27-0167279
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 18,937     18,937
    Bank Charges 369 369    
    State or Local Filing Fees 25     25


    TY 2015 OtherIncomeSchedule2
    Name:
    The Rivers Foundation
    EIN:
    27-0167279
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FOREIGN TAX REFUND 1 1  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Rivers Foundation
    EIN:
    27-0167279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 15,895 15,895    


    TY 2015 TaxesSchedule
    Name:
    The Rivers Foundation
    EIN:
    27-0167279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Extension for 2014 5,086