TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
ANN AND CHARLES FLORSHEIM
FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)3821 LANDS END STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
FORT WORTH, TX76109

A Employer identification number

26-3122808

B Telephone number (see instructions)

(817) 233-8200

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$2,638,273J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	398		398	398
4	Dividends and interest from securities...	46,085		46,085	46,085
5a	Gross rents............	11,700		11,700	11,700
b	Net rental income or (loss) -8,633
6a	Net gain or (loss) from sale of assets not on line 10		25,771
b	Gross sales price for all assets on line 6a 581,227
7	Capital gain net income (from Part IV, line 2)...			23,401
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).......
12	Total. Add lines 1 through 11........	83,954		81,584	58,183
13	Compensation of officers, directors, trustees, etc.	48,000		15,000		33,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		1,100	550		550
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		3,229	3,229	1,586
19	Depreciation (attach schedule) and depletion...		8,814	8,814	8,814
20	Occupancy..............
21	Travel, conferences, and meetings.......	430		430
22	Printing and publications..........
23	Other expenses (attach schedule).......		25,231	25,231	9,933
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	86,804		53,254	20,333	33,550
25	Contributions, gifts, grants paid.......	95,589				95,589
26	Total expenses and disbursements. Add lines 24 and 25	182,393		53,254	20,333	129,139
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-98,439
b	Net investment income (if negative, enter -0-)			28,330
c	Adjusted net income (if negative, enter -0-)...				37,850

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	16,496	17,046	17,046
	2	Savings and temporary cash investments.........	160,760	433,169	433,169
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	838,456	767,939	906,563
	c	Investments—corporate bonds (attach schedule).......	810,543	1,056,176	954,650
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	448,609	228,295	251,845
	14	Land, buildings, and equipment: basis 86,800
		Less: accumulated depreciation (attach schedule) 12,158	366,925	74,642	75,000
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,641,789	2,577,267	2,638,273
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	2,641,789	2,577,267
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	2,641,789	2,577,267
	31	Total liabilities and net assets/fund balances (see instructions).	2,641,789	2,577,267

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,641,789

Enter amount from Part I, line 27a .....................

-98,439

Other increases not included in line 2 (itemize) bullet

33,917

Add lines 1, 2, and 3 ..........................

2,577,267

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

2,577,267

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
(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)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	23,401
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 ...................		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? Yes No

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	105,890	3,094,778	0.034216
2013	91,448	2,555,580	0.035784
2012	94,632	1,723,060	0.054921
2011	90,453	1,723,462	0.052483
2010	79,276	2,479,936	0.031967

Total of line 1, column (d) .....................

20.209371

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 . . .

0.041874

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

2,705,608

Multiply line 4 by line 3......................

113,295

Enter 1% of net investment income (1% of Part I, line 27b)...........

283

Add lines 5 and 6........................

113,578

Enter qualifying distributions from Part XII, line 4.............

129,139

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	283
	hereand 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	283
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	283
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	283
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

CHARLES FLORSHEIM Telephone no. bullet

(817) 233-8200

Located at bullet

3821 LANDS END STREETFORT WORTHTX ZIP+4 bullet

76109

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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-)
CHARLES FLORSHEIM	DIRECTOR 4.00	24,000
3821 LANDS END STREET FORT WORTH,TX76109	DIRECTOR 4.00	24,000
ANN FLORSHEIM	DIRECTOR 4.00	24,000
3821 LANDS END STREET FORT WORTH,TX76109	DIRECTOR 4.00	24,000
CHARLES C FLORSHEIM	DIRECTOR 0.50	0
4416 SUMMERCREST COURT FORT WORTH,TX76109	DIRECTOR 0.50	0
CLAIRE FLORSHEIM	DIRECTOR 0.50	0
3821 LANDS END STREET FORT WORTH,TX76109	DIRECTOR 0.50	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,200,209

Average of monthly cash balances.......................

313,736

Fair market value of all other assets (see instructions)................

232,865

Total (add lines 1a, b, and c).........................

2,746,810

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,746,810

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

41,202

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,705,608

Minimum investment return. Enter 5% of line 5..................

135,280

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

135,280

Tax on investment income for 2015 from Part VI, line 5......

283

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

283

Distributable amount before adjustments. Subtract line 2c from line 1............

134,997

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

134,997

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

134,997

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

129,139

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

129,139

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).................

283

Adjusted qualifying distributions. Subtract line 5 from line 4..............

128,856

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)

Page 9

Part XIII

Undistributed Income (see instructions)

	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7		134,997
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......	53,395
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $ 129,139
a Applied to 2014, but not more than line 2a	53,395
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.....		75,744
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........		59,253
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....

Form 990-PF (2015)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
TEXAS CHRISTIAN UNIVERSITY 2800 S UNIVERSITY DRIVE FORT WORTH,TX76129			UNRESTRICTED	20,750
YWCA OF FORT WORTH 512 W 4TH STREET FORT WORTH,TX76102			UNRESTRICTED	1,000
UNITED COMMUNITY SERVCIE 1200 E MADDOX AVE FORT WORTH,TX76104			UNRESTRICTED	1,500
HISTORIC FORT WORTH 1110 PENN STREET FORT WORTH,TX76102			UNRESTRICTED	1,000
FORT WORTH COUNTRY DAY SCHOOL 4200 COUNTRY DAY LANE FORT WORTH,TX76109			UNRESTRICTED	50
FIRST UNITED METHODIST CHURCH 800 W 5TH STREET FORT WORTH,TX76102			UNRESTRICTED	500
EASTER SEALS OF TARRANT COUNTY 1424 HEMPHILL STREET FORT WORTH,TX76104			UNRESTRICTED	200
BIG BROTHER BIG SISTERS OF FT WORTH 6040 CAMP BOWIE BLVD FORT WORTH,TX76116			UNRESTRICTED	200
UNIVERSITY CHRISTIAN CHURCH 2720 S UNIVERSITY DRIVE FORT WORTH,TX76109			UNRESTRICTED	5,000
ALL SAINTS HEALH FOUNDATION 1400 EIGHTH AVE FORT WORTH,TX76104			UNRESTRICTED	500
ST JUDES CHILDRENS RESEARCH HOSP 262 DANNY THOMAS PLACE MEMPHIS,TN38105			UNRESTRICTED	500
AMERICAN HEART ASSOCIATION 10900-B STONELAKE BLVD S AUSTIN,TX78759			UNRESTRICTED	500
COOK CHILDRENS MEDICAL CENTER 801 SEVENTH AVE FORT WORTH,TX76104			UNRESTRICTED	500
PRESBYTERIAN NIGHT SHELTER 2400 CYPRESS STREET FORT WORTH,TX76102			UNRESTRICTED	550
TRINITY VALLEY SCHOOL 7500 DUTCH BRANCH ROAD FORT WORTH,TX76132			UNRESTRICTED	12,000
TARRANT AREA FOOD BANK 2600 CULLEN STREET FORT WORTH,TX76107			UNRESTRICTED	1,000
FREE TO BREATHE 1 POINT PLACE MADISON,WI53179			UNRESTRICTED	13,179
MONCRIEF CANCER INSTITUTE 400 W MAGNOLIA AVE FORT WORTH,TX76104			UNRESTRICTED	5,000
ACH CHILD & FAMILY SERVICES 1424 SUMMIT FORT WORTH,TX76102			UNRESTRICTED	1,000
AUSTIN COLLEGE 900 N GRAND AVE SHERMAN,TX75090			UNRESTRICTED	100
CATHOLIC CHARITIES 249 THORNHILL DR FORT WORTH,TX76115			UNRESTRICTED	1,000
CHRISTMAS ANGELS 1855 E LANCASTER FORT WORTH,TX76103			UNRESTRICTED	960
HUMANE SOCIETY 1840 E LANCASTER FORT WORTH,TX76103			UNRESTRICTED	500
JEWEL CHARITY 5020 COLLINWOOD FORT WORTH,TX76107			UNRESTRICTED	2,000
LEUKEMIA & LYMPHOMA SOCIETY 1300 SUMMIT AVE FORT WORTH,TX76102			UNRESTRICTED	500
LITERACY UNITED 3145 MCCART AVE FORT WORTH,TX76110			UNRESTRICTED	100
TEXAS HEALTH RESOURCES 12645 TIMBERLAND KELLER,TX76244			UNRESTRICTED	500
TEXAS WESLEYAN UNIVERSITY 1201 WESLYAN ST FORT WORTH,TX76105			UNRESTRICTED	25,000
Total ................................. 3a				95,589

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	398
4 Dividends and interest from securities....			14	46,085
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	-8,633
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			14	39,039	-13,268
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				76,889	-13,268

13Total. Add line 12, columns (b), (d), and (e)..................

1363,621

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 AccountingFeesSchedule

Name:

ANN AND CHARLES FLORSHEIM

FAMILY FOUNDATION

EIN:

26-3122808

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES	1,100	550		550

- TIN:

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

TY 2015 DepreciationSchedule

Name:

ANN AND CHARLES FLORSHEIM

FAMILY FOUNDATION

EIN:

26-3122808

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
COMMERCIAL BLDG 102-104 S CROCKETT	2012-08-01	63,750	3,883	S/L	39.0000	1,635	1,635	1,635
LAND 102-104 S CROCKETT	2012-08-01	11,250
HVAC 102-104 S CROCKETT	2013-05-15	11,800	4,576	200DB	7.0000	2,064	2,064	2,064
COMMERCIAL BLDG 111-112 E PECAN	2012-08-01	252,000	15,345	S/L	39.0000	5,115	5,115	5,115
LAND 111-121 E PECAN	2012-08-01	63,000

- TIN:

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

TY 2015 GainLossSaleOtherAssetsSch

Name:

ANN AND CHARLES FLORSHEIM

FAMILY FOUNDATION

EIN:

26-3122808

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Sales Expenses	Total (net)	Accumulated Depreciation
111-121 E PECAN, SHERMAN, TX		PURCHASE	2015-10	295,000	315,000	14,588	-14,128	20,460
ABBEY CAPITAL MULTI MANAGER FUND		PURCHASE		2,888			2,888
ABBEY CAPITAL MULTI MANAGER FUND		PURCHASE		2,117			2,117
AB HIGH INCOME FUND	2015-02	PURCHASE	2015-04	11,275	11,325		-50
ACTIVAS PLC	2014-08	PURCHASE	2015-02	4,663	3,247		1,416
AERCAP HOLDINGS	2015-06	PURCHASE	2015-08	4,533	4,624		-91
ALEXION PHARMACEUTICALS	2015-06	PURCHASE	2015-08	2,606	2,827		-221
ALLERGAN PLC	2015-04	PURCHASE	2015-07	4,908	4,328		580
AMERICAN TOWER CORP REIT	2014-07	PURCHASE	2015-04	2,840	2,775		65
APPLE INC	2014-12	PURCHASE	2015-08	3,932	4,117		-185
ARM HOLDINGS	2015-05	PURCHASE	2015-08	3,943	4,538		-595
AVAGO TECHNOLOGIES	2014-09	PURCHASE	2015-02	5,048	4,149		899
AVIS BUDGET GROUP	2014-09	PURCHASE	2015-04	4,261	4,110		151
BAIDU INC	2014-09	PURCHASE	2015-02	3,866	4,220		-354
BANK OF AMERICA	2014-10	PURCHASE	2015-01	2,351	2,537		-186
BIOGEN INC	2015-04	PURCHASE	2015-07	3,497	4,235		-738
DEUTSCHE CROCI INTL	2015-05	PURCHASE	2015-08	6,362	7,574		-1,212
F5 NETWORKS	2014-10	PURCHASE	2015-02	2,540	2,525		15
HANESBRANDS	2014-12	PURCHASE	2015-10	4,215	4,136		79
ICON PLC	2015-04	PURCHASE	2015-07	5,413	4,624		789
ISHARES INTER CREDIT BOND		PURCHASE		6,986	6,956		30
ISHARES 20+ YEAR TREAS		PURCHASE		8,783	8,851		-68
SHARES 7-10 YEAR TREAS	2015-03	PURCHASE	2015-04	4,429	4,367		62
IVY HIGH INCOME	2015-01	PURCHASE	2015-02	4,423	4,352		71
JAZZ PHARMACEUTICALS	2014-07	PURCHASE	2015-02	4,983	4,064		919
JOHN HANCOCK PREFERRED INCOME	2015-02	PURCHASE	2015-04	8,948	8,986		-38
LANNETT CO INC	2015-07	PURCHASE	2015-09	3,318	4,498		-1,180
LOOMIS SAYLES ST FLOATING	2015-01	PURCHASE	2015-05	9,175	9,093		82
METHODE ELECTRONICS	2015-06	PURCHASE	2015-06	2,943	4,690		-1,747
NOAH HOLDINGS	2015-05	PURCHASE	2015-08	1,993	3,066		-1,073
NXP SEMICONDUCTOR	2015-04	PURCHASE	2015-07	4,389	4,484		-95
PAYCOM SOFTWARE	2015-11	PURCHASE	2015-11	3,227	2,798		429
PIMCO STOCKPLUS INTL	2015-04	PURCHASE	2015-08	6,482	7,637		-1,155
PROSHARES SHORT DOW 30	2015-06	PURCHASE	2015-07	19,944	20,493		-549
PROSHARES SHORT MSCI	2014-12	PURCHASE	2015-02	13,138	13,339		-201
SHIRE PLC	2014-09	PURCHASE	2015-02	3,578	4,101		-523
SKYWORKS SOLUTIONS	2014-10	PURCHASE	2015-01	9,880	8,496		1,384
TIAWAN SEMICONDUCTOR	2015-05	PURCHASE	2015-08	4,030	4,559		-529
TEMPLETON GLOBAL BOND	2015-02	PURCHASE	2015-04	4,551	4,522		29
UNION PACIFIC CORP	2014-07	PURCHASE	2015-04	4,402	4,176		226
UNITED INS HOLDINGS	2014-07	PURCHASE	2015-01	6,362	4,238		2,124
UNITED THERAPEUTICS	2015-06	PURCHASE	2015-10	2,183	2,944		-761
UNITED RENTALS	2014-08	PURCHASE	2015-01	2,796	3,295		-499
VIRTUS EMERGING MARKETS OPP	2015-04	PURCHASE	2015-08	5,411	6,096		-685
AMBARELLA INC	2013-05	PURCHASE	2015-05	8,334	1,706		6,628
COMCAST CORP	2012-07	PURCHASE	2015-06	4,747	2,787		1,960
FACEBOOK INC	2014-04	PURCHASE	2015-07	1,610	995		615
GILEAD SCIENCES	2013-05	PURCHASE	2015-10	4,378	2,411		1,967
SOUTHWEST AIRLINES	2014-03	PURCHASE	2015-06	5,974	4,074		1,900
TRANSDIGM GROUP	2012-04	PURCHASE	2015-07	932	299		633
UNDER ARMOUR	2014-03	PURCHASE	2015-07	960	633		327
VF CORP	2014-10	PURCHASE	2015-11	2,519	2,493		26
WABTEC INC	2014-09	PURCHASE	2015-11	4,219	4,257		-38
WALT DISNEY CO	2012-09	PURCHASE	2015-07	1,541	681		860

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

ANN AND CHARLES FLORSHEIM

FAMILY FOUNDATION

EIN:

26-3122808

Name of Bond	End of Year Book Value	End of Year Fair Market Value
UBS BROKERAGE ACCOUNT	782,597	689,212
UBS - JPMORGAN INCOME BUILDER	226,165	219,680
UBS PMP ACCOUNT	47,414	45,758

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

ANN AND CHARLES FLORSHEIM

FAMILY FOUNDATION

EIN:

26-3122808

Name of Stock	End of Year Book Value	End of Year Fair Market Value
UBS FOUNDATION BROKERAGE ACCOUNT	691,700	819,249
UBS PMP ACCOUNT	76,239	87,314

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

ANN AND CHARLES FLORSHEIM

FAMILY FOUNDATION

EIN:

26-3122808

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ANTIQUE FURNITURE	AT COST	21,245	21,245
UBS BROKERAGE ACCOUNT.	AT COST
UBS PMP BROKERAGE ACCOUNT	AT COST
ARDEN-SAGE MULLTI STRATEGY FUND LLC	AT COST	99,990	112,114
ABBEY CAPITAL MULTI-MANAGER FUND	AT COST	107,060	118,486

- TIN:

TY 2015 LandEtcSchedule2

Name:

ANN AND CHARLES FLORSHEIM

FAMILY FOUNDATION

EIN:

26-3122808

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
	75,550	12,158	63,392	75,000

- TIN:

TY 2015 OtherExpensesSchedule

Name:

ANN AND CHARLES FLORSHEIM

FAMILY FOUNDATION

EIN:

26-3122808

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income
COMMERCIAL REAL ESTATE
INSURANCE	9,304	9,304	9,304
REPAIRS	629	629	629
EXPENSES
INVESTMENT EXPENSES - ABBEY C	7,337	7,337
INVESTMENT ADVISOR FEE	2,546	2,546
STORAGE	2,052	2,052
INSURANCE	2,335	2,335
REAL ESTATE UTILITIES	1,028	1,028

- TIN:

TY 2015 OtherIncreasesSchedule

Name:

ANN AND CHARLES FLORSHEIM

FAMILY FOUNDATION

EIN:

26-3122808

Description	Amount
INCREASE IN VALUE OF ASSETS	33,917

- TIN:

TY 2015 TaxesSchedule

Name:

ANN AND CHARLES FLORSHEIM

FAMILY FOUNDATION

EIN:

26-3122808

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
REAL ESTATE TAXES	1,643	1,643
COMMERCIAL REAL ESTATE	1,586