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
Paula Del Nunzio Balser and Paul F Balser
Sr Family 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

47-1208681
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$1,977,060J 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 264 264  
4 Dividends and interest from securities... 36,349 36,349  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -3,855
b Gross sales price for all assets on line 6a 502,083
7 Capital gain net income (from Part IV, line 2)... 0
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 2 2  
12 Total. Add lines 1 through 11........ 32,760 36,615  
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 10,342 10,342    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,505 70    
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 16,165 1,205   14,960
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,012 11,617   14,960
25 Contributions, gifts, grants paid....... 533,500 533,500
26 Total expenses and disbursements. Add lines 24 and 25 565,512 11,617   548,460
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -532,752
b Net investment income (if negative, enter -0-) 24,998
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......... 2,636,493 227,546 227,546
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).......   Click to see attachment1,829,654 1,708,779
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)..........   Click to see attachment46,541 40,735
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) 2,636,493 2,103,741 1,977,060
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 2,636,493 2,103,741
30 Total net assets or fund balances (see instructions)..... 2,636,493 2,103,741
31 Total liabilities and net assets/fund balances (see instructions). 2,636,493 2,103,741
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
2,636,493
2
Enter amount from Part I, line 27a .....................
2
-532,752
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,103,741
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
2,103,741
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 Passthrough K1 Capital Gain      
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 502,083   500,774 1,309
b 0   0 -5,164
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       1,309
b       0
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 -3,855
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 5,850 564,472 0.010364
2013      
2012      
2011      
2010      
2
Total of line 1, column (d) .....................
20.010364
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
0.010364
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,344,071
5
Multiply line 4 by line 3......................
5
24,294
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
250
7
Add lines 5 and 6........................
7
24,544
8
Enter qualifying distributions from Part XII, line 4.............
8
548,460
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 1 250
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........................... 3 250
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- ..... 5 250
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 500
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.............. 7 500
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 10 250
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet250 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
    Paul F Balser Sr Co- Pres / Dir / Sec / Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Paula Del Nunzio Balser Co- Pres / 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
    1,447,814
    b
    Average of monthly cash balances.......................
    1b
    931,954
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,379,768
    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
    2,379,768
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    35,697
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,344,071
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    117,204
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    117,204
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    250
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    250
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    116,954
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    116,954
    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
    116,954
    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
    548,460
    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
    548,460
    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
    250
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    548,210
    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 7 116,954
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 4,371
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 548,460
    a Applied to 2014, but not more than line 2a 4,371
    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..... 116,954
    e Remaining amount distributed out of corpus 427,135
    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 5 427,135
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		427,135
    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.... 427,135
    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).)
    PAUL F BALSER SR
    Paula Del Nunzio Balser
    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
    BUSINESS EXECUTIVES FOR NATIONAL SECURITY
    1030 15TH ST NW STE 200 E
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 25,000
    DUTCHESS LAND CONSERVANCY INC
    PO BOX 138
    MILLBROOK,NY12545     		N/A PC General & Unrestricted 1,000
    ELAINE KAUFMAN CULTURAL CENTER-LUCY MOSES SCHOOL F
    129 W 67TH ST
    NEW YORK,NY10023     		N/A PC General & Unrestricted 1,000
    FRIENDS OF STISSING LANDMARKS INC
    PO BOX 37
    PINE PLAINS,NY12567     		N/A PC Save The Pine Plains Library Capital Campaign 4,000
    HOOSAC SCHOOL
    PO BOX 8
    HOOSICK,NY12089     		N/A PC General & Unrestricted 5,000
    HUDSON GUILD
    441 W 26TH ST
    NEW YORK,NY10001     		N/A PC General & Unrestricted 390,000
    MID HUDSON ADDICTION RECOVERY CENTERS INC
    51 CANNON ST
    POUGHKEEPSIE,NY12601     		N/A PC General & Unrestricted 4,000
    NEW WORLD PREPARATORY CHARTER SCHOOL
    12 W 21ST ST FL 8
    NEW YORK,NY10010     		N/A PC General & Unrestricted 1,000
    NEW YORK YACHT CLUB FOUNDATION
    37 W 44TH ST
    NEW YORK,NY10036     		N/A PC General & Unrestricted 1,000
    RED HOOK INITIATIVE
    767 HICKS ST
    BROOKLYN,NY11231     		N/A PC General & Unrestricted 1,500
    RESOURCES FOR THE FUTURE INC
    1616 P ST NW
    WASHINGTON,DC20036     		N/A PC General & Unrestricted 20,000
    RICHARD J CARON FOUNDATION
    243 N GALEN HALL RD
    WERNERSVILLE,PA19565     		N/A PC General & Unrestricted 4,000
    SEACHANGE CAPITAL PARTNERS INC
    1385 BROADWAY FL 23
    NEW YORK,NY10018     		N/A PC General & Unrestricted 15,000
    STOREFRONT ACADEMY HARLEM
    70 E 129TH ST
    NEW YORK,NY10035     		N/A PC General & Unrestricted 1,000
    UNITED NEIGHBORHOOD HOUSES OF NEW YORK INC
    70 W 36TH ST
    NEW YORK,NY10018     		N/A PC General & Unrestricted 35,000
    WATERFRONT ALLIANCE INC
    217 WATER ST STE 300
    NEW YORK,NY10038     		N/A PC General & Unrestricted 20,000
    WNET
    825 8TH AVE
    NEW YORK,NY10019     		N/A PC "Treasures of New York: Settlement Houses" Project 5,000
    Total .................................bullet 3a 533,500
    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 ...........     		    14 264  
    4 Dividends and interest from securities....     14 36,349  
    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 -3,855  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aK-1 Inc/Loss     		    14 2  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   32,760  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1332,760
    (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:
    Paula Del Nunzio Balser and Paul F Balser
     
    Sr Family Foundation
    EIN:
    47-1208681
    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:
    Paula Del Nunzio Balser and Paul F Balser
     
    Sr Family Foundation
    EIN:
    47-1208681
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 4,829 4,626
    ACACIA RESEARCH CORP 992 386
    ACCENTURE PLC 3,904 4,598
    ACI WORLDWIDE INC 2,979 2,932
    ACTUA CORP 3,363 2,542
    ADT LTD 2,256 1,814
    ADVISORY BOARD COMPANY 3,315 3,274
    AEGERION PHARMACEUTICALS INC 735 293
    AES CORP 3,575 2,737
    AGREE REALTY CORP 1,347 1,530
    ALBANY INTERNATIONAL CORP 1,062 987
    ALEXANDRIA REAL ESTATE EQUITIE 5,412 5,422
    ALLERGAN PLC 7,533 7,813
    ALPHABET INC CL A 2,855 3,890
    ALTRA HLDGS INC 1,126 1,053
    AMC NETWORKS INC 1,465 1,494
    AMER EQ INV LIFE HLD 1,960 1,634
    AMER INTERNATIONAL GROUP INC 4,495 5,082
    AMERICAN CAMPUS COMMUNITIES 2,501 2,687
    ANADARKO PETROLEUM CORP 7,551 4,421
    ANGLO AM PLC ADR 2,127 568
    APARTMENT INVESTMENT & MANAGEM 3,330 3,603
    APPLE INC 3,732 3,158
    ASSOCIATED CAPITAL GROUP INC 480 397
    ASTORIA FINL CORP 872 1,078
    ATTUNITY LTD 1,015 1,138
    AUTODESK, INC 4,523 4,692
    AVALONBAY CMNTYS INC 4,018 4,603
    BANCO SANTANDER CEN 3,778 2,469
    BASF AG SPONS ADR 3,695 2,813
    BAXALTA INCORPORATED 914 1,132
    BIOGEN INC 5,983 4,289
    BIOMED RLTY TR INC 2,526 2,961
    BIOSPECIFICS TECHNOLOGIES CORP 605 688
    BOFI HOLDING INC 2,554 2,273
    BOINGO WIRELESS, INC 929 788
    BORG WARNER INC 1,953 1,383
    BOSTON PPTYS INC 4,427 4,464
    BOSTON SCIENTIFIC 3,651 3,799
    BRAVO BRIO RESTAURANT GROUP IN 2,001 1,233
    BRISTOW GROUP 2,002 958
    BRIXMOR PPTY GROUP INC 4,046 4,389
    BROADCOM CORPORATION 4,518 6,187
    BROOKFIELD ASSET MANAGEMENT CL 3,917 3,437
    BUFFALO WILD WINGS, INC 2,700 2,714
    CABLEVISION SYSTEMS CORP CL A 4,566 8,039
    CABOT CP 1,002 940
    CABOT MICROELECTRONICS CORPORA 1,783 1,620
    CAI INTL INC 988 403
    CAMECO CORPORATION 2,567 2,084
    CANTEL MEDICAL CORPORATION 2,470 3,169
    CAPITAL ONE FINANCIAL CORP 3,808 3,465
    CARE CAPITAL PROPERTIES INC 362 336
    CASH AMER INTL INC 1,224 1,468
    CENTENE CORP 2,624 2,501
    CENTURY CASINOS, INC 844 1,183
    CEVA INC 2,213 2,453
    CHARTER COMMUNICATIONS 695 732
    CHECKPOINT SYSTMS SC 598 351
    CHEESECAKE FACTORY INC 2,981 2,813
    CIMAREX ENERGY CO 3,288 2,681
    CIMPRESS NV 3,563 3,489
    CISCO SYSTEMS INC 2,627 2,580
    CITIGROUP INC 4,749 4,761
    CITRIX SYSTEMS INC 3,043 3,631
    CLOVIS ONCOLOGY INC 1,623 735
    COHERENT INC CAL 1,565 1,563
    COMCAST CORP 13,655 13,769
    COMPAGNIE FINANCIERE RICHEMONT 2,963 2,585
    COMPASS GROUP PLC ADR 4,129 4,105
    CONSTANT CONTACT, INC 5,305 4,328
    CORE LABORATORIES 1,975 2,066
    CORPORATE EXEC BOARD CO 4,368 3,499
    CREE, INC 4,525 3,440
    CRITEO SA 4,334 4,039
    CROWN CASTLE INTL 3,738 3,890
    DAIICHI SANKYO CO LTD SPONSORE 2,062 2,535
    DASSAULT SYS SA SPN ADR 3,686 4,328
    DB X TRACKERS MSCI EUROPE HEDG 174,711 152,928
    DBS GROUP HLDGS SPON ADR 3,700 2,942
    DEVON ENERGY CORPORATION 2,588 1,376
    DIAGEO PLC ADS 3,091 2,945
    DIGITAL RLTY TR INC 3,194 3,781
    DISCOVERY COMMUNICATIONS CL A 1,600 1,334
    DOLBY LABORATORIES 1,518 1,346
    DREW INDUSTRIES INC. 1,969 2,009
    DRIEHAUS EMERGING MARKETS GROW 106,066 88,710
    EASTGROUP PROPERTIES INC 2,787 2,781
    EASTMAN CHEMICAL CO 1,525 1,485
    EATON VANCE CORP 1,340 1,038
    ECHO GLOBAL LOGISTICS, INC 2,646 1,978
    EDUCATION RLTY TRUST 2,409 2,841
    EMERGENT BIOSOLUTIONS INC 2,152 2,601
    ENERSYS 2,419 2,125
    ENOVA INTERNATIONAL, INC 619 172
    ENTEGRIS INC MINNESOTA 2,970 2,959
    EOG RESOURCES INC 3,191 2,619
    EPIQ SYS INC 855 614
    EPR PROPERTIES 4,211 4,384
    EQUITY LIFESTYLE PRP 2,374 3,000
    ERICSSON L M TEL CO 3,993 2,979
    ERSTE BK DER OEST SP 2,607 3,209
    ESSEX PRTY TR INC 4,296 4,788
    ESTERLINE CORP 2,380 1,701
    EXACT SCIENCES CORPORATION 499 203
    EXPERIAN GROUP LTD S/ADR 3,458 3,629
    EXPRESS SCRIPTS HOLDING CO 2,675 2,797
    FAIRCHILD SEMI INTL 1,674 1,926
    FEDERAL RLTY INVT TR 4,563 5,114
    FIRST INDUSTRIAL REALTY TRUST 2,696 3,098
    FIRST POTOMAC RTY TR 1,149 1,083
    FLIR SYSTEMS INC 1,641 1,488
    FLUOR CORP 4,489 3,683
    FRANKLIN COVEY 511 485
    FRANKLIN ELECTRIC CO., INC 2,424 1,730
    FRANKLIN RES INC 2,235 1,583
    FREEPORT-MCMORAN COPPER & GOLD 2,284 792
    GAMCO INVESTORS INC 536 404
    GATX CORP 2,134 1,532
    GEO GROUP INC 1,847 1,446
    GLOBAL PAYMENTS INC 2,518 3,613
    GOODYEAR TIRE & RUBBER COMPANY 1,880 2,352
    GRAHAM CORP 413 286
    GRAMERCY PROPERTY TRUST INC 2,999 2,832
    HEALTH CARE PPTY INVS INC 2,258 2,294
    HEALTH CARE REIT INC 4,118 4,082
    HEINEKEN N V S ADR 4,300 4,745
    HEXCEL CP DELAWARE 3,541 3,344
    HORACE MANN EDUCATOR 979 962
    HOST HOTELS & RESORTS INC 4,914 3,835
    HSBC HOLDINGS PLC 2,641 2,408
    HURON CONSULTING GROUP INC 3,375 3,089
    ILLINOIS TOOL WORKS 2,523 2,410
    IMMUNOGEN, INC 1,526 2,605
    INTERNATIONAL BUSINESS MACHINE 2,398 2,064
    IONIS PHARMACEUTICALS INC 1,526 1,548
    IRON MOUNTAIN 3,241 2,701
    ISHARES TRUST MSCI EAFE INDEX 232,303 210,569
    ITRON INC 988 977
    ITURAN 455 379
    J2 GLOBAL INC 1,902 2,305
    JP MORGAN CHASE 4,489 4,952
    JUNIPER NETWORKS 1,510 1,822
    KDDI CP UNSP ADR 4,066 4,660
    KERYX BIOPHARMACEUTICALS 2,646 990
    KIMBERLY CLARK (KCDMY) 2,410 2,362
    KIMBERLY CLARK CORP 3,348 3,946
    KITE PHARMA INC 745 616
    KITE RLTY GROUP TRUST 2,820 2,723
    KONINKLIJKE DSM NV ADR 3,209 2,851
    KUBOTA CORPORATION 3,450 3,250
    L-3 COMMUNICATIONS CORP 5,993 5,736
    LIBERTY BROADBAND CORP (LBRDA) 214 207
    LIBERTY BROADBAND CORP (LBRDK) 481 467
    LIBERTY INTERACTIVE CORPORATIO 3,009 2,869
    LIBERTY MEDIA CORP (LMCK) 1,507 1,523
    LIBERTY MEDIA CORP (LMCA) 761 785
    LIBERTY VENTURES 535 586
    LIFELOCK 4,208 4,262
    LIGAND PHARMACEUTICALS INCORPO 3,061 4,554
    LINEAR TECHNOLOGY CORP 1,510 1,402
    LITTELFUSE, INC 1,850 2,033
    LOEWS CORP 793 806
    LTC PROPERTIES INC 2,479 2,588
    MANTECH INTERNATIONAL CORP 1,942 1,996
    MARSH AND MCLENNAN COMPANIES I 3,313 3,272
    MDC PARTNERS INC A 3,626 2,845
    MEDICAL PROPERTIES TRUST, INC 1,611 1,243
    MEDIFAST INC 632 638
    MEDNAX, INC 2,749 2,723
    MEDTRONIC PLC 9,992 9,923
    MERITAGE CORPORATION 1,676 1,224
    METLIFE INC 1,873 1,784
    METROPOLITAN WEST RETURN BOND 78,976 76,247
    MICROSOFT CORP 3,912 5,215
    MIX TELEMATICS LIMITED 409 249
    MOLINA HEALTHCARE 2,469 2,285
    MONDELEZ INTERNATIONAL INC 3,407 3,946
    MONOLITHIC POWER SYSTEMS, INC 2,081 2,548
    MONOTYPE IMAGING HOLDINGS INC 719 520
    MOOG INC CL A 1,867 1,515
    MORGAN STANLEY 4,506 4,040
    MUELLER WATER PRODUCTS INC 1,923 1,668
    NATIONAL GRID TRANSCO PLC 2,661 2,782
    NATIONAL RETAIL PROPERTIES INC 2,898 3,204
    NATL OILWELL VARCO 2,985 2,043
    NEKTAR THERAPEUTICS 2,191 3,387
    NESTLE S.A 2,383 2,307
    NEUSTAR, INC. CL A 1,300 1,414
    NEWPARK RESOURCES 1,123 618
    NIDEC CORPORATION ADR 4,075 4,432
    NOVARTIS AG ADR 4,423 3,786
    NOW INC 1,503 1,155
    NUANCE COMMUNICATIONS, INC 1,527 2,168
    NUCOR CP 4,525 3,869
    ON SEMICONDUCTOR 1,087 892
    ONEOK INC 850 444
    OPKO HEALTH INC 702 553
    ORIX CORP ADS 3,084 2,950
    OSI SYSTEMS, INC 2,134 2,748
    OUTFRONT MEDIA INC 3,501 2,729
    PACIRA PHARMACEUTICALS INC 1,388 1,305
    PARKER HANNIFIN CP 3,063 2,521
    PEBBLEBROOK HOTEL TR 2,527 1,681
    PENTAIR INC. 2,258 1,783
    PFIZER INC 5,120 4,777
    PHILIP MORRIS INTL 2,242 2,549
    PNC FINANCIAL GROUP INC 3,346 3,431
    POINTS INTERNATIONAL LTD 545 518
    POOL CORP 4,685 5,493
    PRAXAIR INC 2,296 1,946
    PRECISION CASTPARTS 583 696
    PROCTER GAMBLE CO 5,152 4,923
    PROGENICS PHARMACEUTICALS INC 1,144 821
    PROGRESSIVE CORP OHIO 3,021 3,530
    PRUDENTIAL FINCL INC 3,194 3,256
    PUBLIC STORAGE INC 4,740 6,193
    QLOGIC CORPORATION 1,488 1,476
    QUIDEL CORPORATION 297 233
    RAYMOND JAMES FINANCIAL INC 2,266 2,319
    RECKITT BENCKISER GROUP 4,369 4,685
    REINSURANCE GROUP AMER INC 1,944 1,797
    RELYPSA INC 1,011 822
    SAMSONITE 3,375 2,766
    SANDISK CORP 4,427 5,091
    SANMINA-SCI CORPORATION 1,305 1,132
    SBA COMMUNICATIONS 2,383 2,101
    SCOTTS CO. 1,987 1,935
    SEACHANGE INTERNATIONAL, INC 667 546
    SEAGATE TECHNOLOGY 6,749 4,692
    SEIX FLTG RATE HIGH INCOME FD 41,944 39,015
    SENOMYX 1,153 958
    SENSATA TECHNOLOGIES HOLDINGS 1,796 1,566
    SHUTTERFLY, INC 3,647 3,476
    SIEMENS AG 3,178 2,789
    SIMON PPTY GROUP INC 10,627 11,666
    SNAP ON INC 3,268 3,943
    SOUTH JERSEY INDS INC 1,342 1,152
    SPARTON CORP 243 200
    SPDR S&P 500 ETF TRUST 183,728 178,589
    STAMPS.COM INC 4,685 7,563
    STARZ 745 737
    STATE AUTO FINANCIAL CORPORATI 601 515
    STIFEL FINANCIAL CP 1,904 1,440
    STRYKER CORPORATION 1,856 1,859
    SUPERNUS PHARMACEUTICALS INC 694 551
    SYSCO CORP 3,784 4,059
    TAL INTERNATIONAL GROUP INC 1,132 445
    TE CONNECTIVITY LTD 9,249 8,787
    TEGNA 1,520 1,327
    TELEDYNE TECH INC 1,872 1,597
    TELEFLEX INC 2,054 2,235
    TERRENO RLTY CORPCOM 2,744 3,054
    TETRA TECH INC 2,822 2,940
    THE FRESH MARKET INC 4,279 2,483
    THE HAIN CELESTIAL GROUP, INC 3,348 2,100
    TIMKEN CO 1,899 1,315
    TIMKENSTEEL CORPORATION 424 134
    TJX COMPANIES INC 3,407 3,475
    TORAY INDUSTRIES INC 3,466 3,821
    TOTAL FINA ELF S.A 2,856 2,517
    TRUSTMARK CORPORATION 1,191 1,152
    TWENTY-FIRST CENTURY CL B 2,408 1,961
    TYCO INTERNATIONAL LTD 4,523 3,380
    UBS AG 3,690 3,816
    UNILEVER N V N Y 3,458 3,509
    UNITED BANKSHARES, INC 1,338 1,332
    UNITED FIRE GROUP 1,371 1,686
    UNITED NATURAL FOODS, INC 1,589 984
    UNITED PARCEL SERVICE 1,579 1,540
    UNITED TECHNOLOGIES CORP 5,150 4,227
    UNITEDHEALTH GROUP INC 9,072 9,176
    V F CORP 3,045 2,552
    VAIL RESORTS INC 1,496 1,920
    VALSPAR CORP 2,780 2,737
    VANGUARD FTSE EMERGING MARKETS 101,061 81,840
    VANGUARD INTERMEDIATE TERM INV 62,217 60,340
    VANGUARD ST BOND ETF 84,000 83,549
    VANTIV INC - CLASS A 1,897 2,371
    VENTAS INC 2,491 2,539
    VERTEX PHARMCTLS INC 3,070 3,272
    VORNADO RLTY TR 3,459 3,499
    WALT DISNEY HOLDINGS CO 3,058 3,047
    WEATHERFORD INTL 9,644 6,402
    WEINGARTEN REALTY INVESTORS SB 2,960 3,112
    WEYERHAEUSER CO 4,910 4,647
    WGL HOLDINGS INC 1,875 2,142
    WHIRLPOOL CORP 3,516 2,644
    WNS (HOLDINGS) LIMIT 2,304 2,869
    ZIX CORP 636 808

    TY 2015 InvestmentsOtherSchedule2
    Name:
    Paula Del Nunzio Balser and Paul F Balser
     
    Sr Family Foundation
    EIN:
    47-1208681
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DB COMMODITY INDEX TRACKING FU   46,541 40,735

    TY 2015 OtherExpensesSchedule
    Name:
    Paula Del Nunzio Balser and Paul F Balser
     
    Sr Family Foundation
    EIN:
    47-1208681
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 14,935     14,935
    Bank Charges 1,079 1,079    
    K-1 Exp DB COMMODITY INDEX TRA 126 126    
    State or Local Filing Fees 25     25


    TY 2015 OtherIncomeSchedule2
    Name:
    Paula Del Nunzio Balser and Paul F Balser
     
    Sr Family Foundation
    EIN:
    47-1208681
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss DB COMMODITY INDEX TRACKING FUND 2 2  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Paula Del Nunzio Balser and Paul F Balser
     
    Sr Family Foundation
    EIN:
    47-1208681
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 10,342 10,342    


    TY 2015 TaxesSchedule
    Name:
    Paula Del Nunzio Balser and Paul F Balser
     
    Sr Family Foundation
    EIN:
    47-1208681
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 500      
    990-PF Excise Tax for 2014 4,935      
    Foreign Tax Paid 70 70