Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
THE RAY CHARLES FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2107 WEST WASHINGTON BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90018
A Employer identification number

95-4047622
B Telephone number (see instructions)

(323) 737-8000
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$49,084,157J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 115,665 115,665  
4 Dividends and interest from securities...      
5a Gross rents............ 581,648 581,648  
b Net rental income or (loss) 60,452
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
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 2,618,335 2,618,125  
12 Total. Add lines 1 through 11........ 3,315,648 3,315,438  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 287,749 143,875   143,874
14 Other employee salaries and wages...... 687,680 343,840   343,840
15 Pension plans, employee benefits....... 24,983 12,492   12,491
16a Legal fees (attach schedule)......... Click to see attachment 263,126 131,563   131,563
b Accounting fees (attach schedule)....... Click to see attachment 90,000 45,000   45,000
c Other professional fees (attach schedule).... Click to see attachment 19,897 9,949   9,948
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 94,917 47,459   47,458
19 Depreciation (attach schedule) and depletion... Click to see attachment 291,618 93,374  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 48,900 24,450   24,450
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 2,333,553 2,147,356   186,197
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,142,423 2,999,358   944,821
25 Contributions, gifts, grants paid....... 1,172,000 1,172,000
26 Total expenses and disbursements. Add lines 24 and 25 5,314,423 2,999,358   2,116,821
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,998,775
b Net investment income (if negative, enter -0-) 316,080
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............. 568,391 564,749 564,749
2 Savings and temporary cash investments......... 32,479,125 32,142,628 32,142,628
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.......... 23,438 30,780 30,780
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet6,117,258
Less: accumulated depreciation (attach schedule) bullet691,346 5,420,048 Click to see attachment5,425,912 7,525,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet5,808,252
Less: accumulated depreciation (attach schedule) bullet2,892,227 3,053,609 Click to see attachment2,916,025 3,200,000
15 Other assets (describe bullet) Click to see attachment5,486,088 Click to see attachment5,486,088 Click to see attachment5,621,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 47,030,699 46,566,182 49,084,157
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) Click to see attachment48,765 Click to see attachment49,690
23 Total liabilities (add lines 17 through 22)......... 48,765 49,690
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 46,981,934 46,516,492
30 Total net assets or fund balances (see instructions)..... 46,981,934 46,516,492
31 Total liabilities and net assets/fund balances (see instructions). 47,030,699 46,566,182
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
46,981,934
2
Enter amount from Part I, line 27a .....................
2
-1,998,775
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,533,333
4
Add lines 1, 2, and 3 ..........................
4
46,516,492
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
46,516,492
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.)
1a
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
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
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  
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 2,984,784 46,818,467 0.06375
2013 5,832,660 48,398,139 0.12051
2012 2,272,740 50,301,264 0.04518
2011 2,093,758 51,433,551 0.04071
2010 4,012,068 52,143,521 0.07694
2
Total of line 1, column (d) .....................
20.347100
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
0.069420
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
46,002,543
5
Multiply line 4 by line 3......................
5
3,193,497
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,161
7
Add lines 5 and 6........................
7
3,196,658
8
Enter qualifying distributions from Part XII, line 4.............
8
2,116,821
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 6,322
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 6,322
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 6,322
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 6,600
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,600
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 142
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 10 136
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet136 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
 
No
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)
    bulletCA
    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 addressbulletwww.theraycharlesfoundation.org
    14
    The books are in care ofbulletVALERIE ERVIN PRESIDENT Telephone no.bullet (323) 737-8000

    Located atbullet2107 W WASHINGTON BLVDLOS ANGELESCA ZIP+4bullet90018
    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
     
    No
    ........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
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    VALERIE ERVIN President
    40.00     		287,749 8,160  
    2107 W WASHINGTON BLVD
    LOS ANGELES,CA90018
    JOSEPH ADAMS Chairman
    1.00     		0    
    4244 MOUNT VERNON DRIVE
    LOS ANGELES,CA90008
    REV MARK WHITLOCK Director
    1.00     		0    
    2107 W WASHINGTON BLVD
    LOS ANGELES,CA90018
    REV CECIL L MURRAY Treasurer
    1.00     		0    
    4821 PARKGLEN AVENUE
    LOS ANGELES,CA90043
    RAMSEY JAY JR Director
    1.00     		0    
    2548 TOLTEC COURT
    VENTURA,CA93001
    DIANA TREISTER Director
    1.00     		0    
    349 S LINDEN DRIVE B
    BEVERLY HILLS,CA90212
    STEWART IAN ALPERT Director
    1.00     		0    
    605 TASMAN DRIVE 1417
    SUNNYVALE,CA94089
    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
    SUZANNE ALPERT ATTORNEY
    40.00     		212,793 6,000  
    2107 WEST WASHINGTON BLVD
    LOS ANGELES,CA90018
    THU TRAN SR. ACCOUNTANT
    40.00     		90,085    
    2107 WEST WASHINGTON BLVD
    LOS ANGELES,CA90018
    DENISE THIEL PROPERTY MGR.
    40.00     		84,697 1,559  
    2107 WEST WASHINGTON BLVD
    LOS ANGELES,CA90018
    GWENDOLYN GREEN BOOKKEEPER
    40.00     		80,990 2,430  
    2107 WEST WASHINGTON BLVD
    LOS ANGELES,CA90018
    RAYMOND SHIVERS FACILITIES MGR.
    40.00     		74,429 2,184  
    2107 WEST WASHINGTON BLVD
    LOS ANGELES,CA90018
    Total number of other employees paid over $50,000...................bullet 1
    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
    ROBINS KAPLAN MILLER & CERESI LLP LEGAL 114,517
    2049 CENTURY PARK EAST SUITE 3400
    LOS ANGELES,CA90067
    HUTCHINSON & BLOODGOOD LLP ACCOUNTING 90,000
    550 N BRAND BLVD 14TH FL
    GLENDALE,CA91203
    JAIME GARCIA GARDE LANDSCAPING 69,895
    14795 HARPER ST
    MIDWAY CITY,CA92655
    ANTONIO PACHECO CONTRACTOR 122,600
    5522 N ASPAN AVE
    AZUSA,CA91702
    IVAN HOFFMAN ATTY AT LAW LEGAL 120,000
    10736 JEFFERSON BLVD SUITE 436
    CULVER CITY,CA90230
    Total number of others receiving over $50,000 for professional services.............bullet1
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    33,557,089
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,146,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    46,703,089
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    46,703,089
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    700,546
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    46,002,543
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,300,127
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    2,300,127
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    6,322
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,322
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,293,805
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,293,805
    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
    2,293,805
    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
    2,116,821
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,116,821
    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
    2,116,821
    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 2,293,805
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013...... 1,677,421
    e From 2014...... 643,861
    fTotal of lines 3a through e........ 2,321,282
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 2,116,821
    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)........     		0
    d Applied to 2015 distributable amount..... 2,116,821
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015. 176,984 176,984
    (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 2,144,298
    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 ......     		2,144,298
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013.... 1,500,437
    d Excess from 2014.... 643,861
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GRANT DEPARTMENT
    2107 West Washington Boulevard
    LOS ANGELES,CA90018
    (323) 737-8000
    info@theraycharlesfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    The Ray Charles Foundation requests that the applicant print and follow the Grant Check List. Upon completing the instructions, mail the GRANT APPLICATION PACKAGE (Cover Letter, completed and signed Online Grant Application, Letter of Inquiry, Proof of IRS federal tax-exempt status, Annual Report [if available], and signed Grant Check List TO THE FOLLOWING ADDRESS:GRANT DEPARTMENTThe Ray Charles Foundation2107 West Washington BoulevardLos Angeles, CA 90018
    cAny submission deadlines:
    NO SUBMISSION DEADLINES - APPLICATIONS REVIEWED ALL YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Obligations and Responsibilities of Grant Recipients 1) Since an award is made only for the purposes set forth in the Grantees submitted proposal and the Grantees grant application, any modifications to the project, as originally proposed, may be made only with prior written approval by The Ray Charles Foundation.2) The Grantee may not grant any portion of the award to a secondary Grantee without prior written permission of The Ray Charles Foundation.3) The Grant must be spent in full within the time set forth in the Grant proposal and if no such time is set forth, then within twelve (12) months following the Grant. In the event that the Grant is expressly made for multiple years, any funds not used in the current year may be applied to the purposes of the Grant in following years but only for the years covered by the Grant proposal.4) The Grantee must maintain complete records of receipts and expenditures sufficient to identify grant funds and expenditures made in the furtherance of t
    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
    SOUTH CENTRAL SCHOLARS FUND
    29000 S WESTERN AVENUE SUITE 401
    RANCHO PALOS VERDES,CA90275     		NONE NOT A FDN EDUCATION 10,000
    UNITED NEGRO COLLEGE FUND
    3699 WILSHIRE BLVD
    LOS ANGELES,CA90010     		NONE NOT A FDN EDUCATION 500,000
    BOYS GIRLS CLUB OF BURBANK
    2244 N BUENA VISTA STREET
    BURBANK,CA91504     		NONE NOT A FDN YOUTH DEVELOPMENT 25,000
    GRAMMY MUSEUM FOUNDATION
    800 W OLYMPIC BLVD
    LOS ANGELES,CA90015     		NONE NOT A FDN EDUCATION 500,000
    UCLA FOUNDATION
    10920 WILSHIRE BLVD SUITE 900
    LOS ANGELES,CA90024     		NONE NOT A FDN EDUCATION 25,000
    BLIND CHILDRENS CENTER
    4120 MARATHON STREET
    LOS ANGELES,CA90029     		NONE NOT A FDN SUPPORT THE DEVELOPMENT AND EDUCATION OF BLIND CHILDREN 87,000
    THE CHAPEL RESTORATION FUND
    830 WESTVIEW DR SW
    ATLANTA,GA30314     		NONE NOT A FDN CONSERVATION OF THE HISTORIC CHAPEL ON THE MOREHOUSE COLLEGE CAMPUS 25,000
    Total .................................bullet 3a 1,172,000
    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 ...........     		    14 115,665  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 60,452  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aALBUM INCOME     		    15 85,311  
    bFED/CA TAX REFUNDS     1    
    cLEGAL SETTLEMENT     1 210  
    dLICENSING/MERCHANDISE     15 18,299  
    eMASTER LICENSE REVENUE     15 82,025  
    fMISCELLANEOUS INCOME     1 1,679  
    gOIL & GAS LEASE     1 2,056  
    hPUBLISHING INCOME     15 211,160  
    iROYALTY RECEIPTS     15 2,217,595  
    jSAG PENSION RECEIPTS     14    
    12 Subtotal. Add columns (b), (d), and (e)..   2,794,452  
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,794,452
    (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: 15000324
    Software Version: 2015v2.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 90,000 45,000 0 45,000

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

    TY 2015 AmortizationSchedule
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    MASTER RECORDING- DOD VAL 2008-01-01 23,000,000 10,733,331 15.0000 1,533,333     12,266,664

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

    TY 2015 DepreciationSchedule
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    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
    LINDEN 85 BLDG - DOD VAL 2004-06-10 636,600 161,947 SL 3.64 % 23,153 23,153    
    LINDEN 91 BLDG - DOD VAL 2004-06-10 1,640,000 417,427 SL 3.64 % 59,647 59,647    
    LINDEN 91 IMPROVEMENTS 2008-06-30 41,112 9,780 SL 3.64 % 1,495 1,495    
    WASHINGTON BLDG - DOD VAL 2004-06-10 425,033 76,286 SL 2.56 % 10,898      
    WASHINGTON BLVD - F&F 2009-06-30 8,671 6,812 SL 14.29 % 1,239      
    WASHINGTON BLVD - F&F 2010-03-31 57,198 38,525 SL 7.0000 8,171      
    OFFICE EQUIPMENT - WASHIN 2010-04-30 11,521 10,752 SL 5.0000 769      
    STUDIO EQUIPMENT 2010-02-15 32,883 31,981 SL 5.0000 548      
    NEW ROOF-LINDEN 85 2011-12-01 27,390 5,630 SL 15.0000 1,826 1,826    
    PARKING LOT-IMP WASH BL 2011-04-05 19,040 10,200 SL 7.0000 2,720      
    WASHINGTON BL-IMPROV 2011-07-01 245,569 57,299 SL 15.0000 16,371      
    WASHINGTON BL-F&F 2011-04-11 21,499 11,516 SL 7.0000 3,071      
    WASHINGTON BL-F&F 2012-11-08 32,811 10,155 SL 7.0000 4,687      
    WASHINGTON BL-IMPROV 2012-03-05 32,544 6,148 SL 15.0000 2,170      
    WASHINGTON BL-F&F 2013-03-04 17,756 4,651 SL 7.0000 2,537      
    WASHINGTON BL-IMPROV 2013-07-23 25,510 2,410 SL 15.0000 1,701      
    LINDEN 85 IMPROVEMENTS 2013-12-12 2,924 211 SL 15.0000 195 195    
    LINDEN 91 IMPROVEMENTS 2013-12-17 33,043 2,203 SL 15.0000 2,203 2,203    
    RAY CHARLES MUSEUM 2009-01-01 1,913,341 382,668 SL 15.0000 127,556      
    OFFICE EQUIPMENT 2013-11-18 3,686 798 SL 5.0000 737      
    WASHINGTON BL - F&F 2014-07-16 8,317 495 SL 7.0000 1,188      
    WASHINGTON BL - IMPROV 2014-07-01 49,920 1,664 SL 15.0000 3,328      
    LINDEN 91 IMPROVEMENTS 2014-07-01 23,202 773 SL 15.0000 1,547 1,547    
    COMPUTER EQUIPMENT 2014-07-01 12,475 1,248 SL 5.0000 2,495      
    SOFTWARE 2014-07-01 11,331 1,889 SL 3.0000 3,777      
    WASHINGTON BL - IMPROV 2015-07-23 35,462   SL 15.0000 985      
    LINDEN 85 IMPROVEMENTS 2015-07-01 16,600   SL 15.0000 553 553    
    LINDEN 91 IMPROVEMENTS 2015-07-01 82,637   SL 15.0000 2,755 2,755    
    COMPUTER EQUIPMENT 2015-07-01 13,558   SL 5.0000 1,356      
    SOFTWARE 2015-07-01 11,641   SL 3.0000 1,940      

    TY 2015 InvestmentsLandSchedule2
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Buildings 2,261,250 691,346 1,569,904 2,761,250
    Improvements 242,258   242,258  
    Land 3,613,750   3,613,750 4,763,750

    TY 2015 LandEtcSchedule2
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 142,582 97,661 44,921  
    Machinery and Equipment 2,150,936 2,092,162 58,774 2,000,000
    Buildings 2,333,341 597,408 1,735,933 1,200,000
    Improvements 401,393 104,996 296,397  
    Land 780,000   780,000  


    TY 2015 LegalFeesSchedule
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 263,126 131,563 0 131,563


    TY 2015 OtherAssetsSchedule
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Net Intangible Assets 5,486,088 5,486,088 5,621,000


    TY 2015 OtherExpensesSchedule
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 55,275 27,638   27,637
    Amortization 1,533,333 1,533,333    
    BANK CHARGES 207 103   104
    COMPUTER EXPENSE 585 293   292
    DUES & SUBSCRIPTIONS 1,636 818   818
    GARDENING 10,225 5,112   5,113
    IMAGES 18,000 9,000   9,000
    INSURANCE 183,176 91,588   91,588
    INTERNET 16,965 8,483   8,482
    LICENSES AND FEES 3,928 1,964   1,964
    MEETINGS 2,697 1,349   1,348
    OFFICE EXPENSE 8,589 4,295   4,294
    PEST CONTROL 564 282   282
    PLUMBING & ELECTRICAL 2,725 1,363   1,362
    POSTAGE & FREIGHT 2,462 1,231   1,231
    PROMOTION 1,819 910   909
    Rental Expenses 427,822 427,822    
    REPAIRS & MAINTENANCE 9,475 4,738   4,737
    SECURITY 5,459 2,729   2,730
    SUPPLIES 9,127 4,563   4,564
    TELEPHONE 13,092 6,546   6,546
    TRASH SERVICE 1,567 784   783
    UTILITIES 24,825 12,412   12,413


    TY 2015 OtherIncomeSchedule2
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ALBUM INCOME 85,311 85,311  
    LEGAL SETTLEMENT 210    
    LICENSING/MERCHANDISE 18,299 18,299  
    MASTER LICENSE REVENUE 82,025 82,025  
    MISCELLANEOUS INCOME 1,679 1,679  
    OIL & GAS LEASE 2,056 2,056  
    PUBLISHING INCOME 211,160 211,160  
    ROYALTY RECEIPTS 2,217,595 2,217,595  


    TY 2015 OtherIncreasesSchedule
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Amount
    AMORTIZATION ON RETURN NOT ON BOOKS 1,533,333


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 48,765 49,690


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ARCHIVE 9,413 4,707 0 4,706
    CONSULTANTS 1,450 725 0 725
    OTHER 9,034 4,517 0 4,517


    TY 2015 TaxesSchedule
    Name:
    THE RAY CHARLES FOUNDATION
    EIN:
    95-4047622
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER 250 125   125
    PAYROLL TAXES 61,534 30,767   30,767
    PROPERTY TAX 33,133 16,567   16,566