Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
the RAVITZ FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)514 south rose street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
kalamazoo, MI490075212
A Employer identification number

38-3508943
B Telephone number (see instructions)

(269) 382-2844
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$37,957,622J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 10,183 10,183  
4 Dividends and interest from securities... 831,123 831,123  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,102,286
b Gross sales price for all assets on line 6a 10,262,716
7 Capital gain net income (from Part IV, line 2)... 1,102,286
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........ 1,943,592 1,943,592  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 203,000 74,500   128,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 12,925 5,085   7,840
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 12,180 6,090   6,090
c Other professional fees (attach schedule).... Click to see attachment 190,197 190,197   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 216 216   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 20,400 10,200   10,200
21 Travel, conferences, and meetings....... 321 160   161
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,410 2,912   1,498
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 443,649 289,360   154,289
25 Contributions, gifts, grants paid....... 1,639,500 1,639,500
26 Total expenses and disbursements. Add lines 24 and 25 2,083,149 289,360   1,793,789
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -139,557
b Net investment income (if negative, enter -0-) 1,654,232
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............. 375,539 634,217 634,217
2 Savings and temporary cash investments......... 2,072,102 2,891,205 2,891,447
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   714    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,491,270 Click to see attachment7,634,137 8,449,645
c Investments—corporate bonds (attach schedule)....... 6,441,784 Click to see attachment5,334,758 5,348,877
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,201,582 Click to see attachment14,949,117 20,633,436
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,582,991 31,443,434 37,957,622
Liabilities 17 Accounts payable and accrued expenses.......... 44 44
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 44 44
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........ 19,798,753 19,798,753
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 11,784,194 11,644,637
30 Total net assets or fund balances (see instructions)..... 31,582,947 31,443,390
31 Total liabilities and net assets/fund balances (see instructions). 31,582,991 31,443,434
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
31,582,947
2
Enter amount from Part I, line 27a .....................
2
-139,557
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
31,443,390
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
31,443,390
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - COMERICA BANK ACCOUNT      
b pUBLICLY TRADED SECURITIES - COMERICA BANK ACCOUNT      
c PUBLICLY TRADED SECURITIES MORGAN STANLEY ACCOUNT      
d PUBLICLY TRADED SECURITIES MORGAN STANLEY ACCOUNT      
e LITIGATION SETTLEMENT PROCEEDS P    
11061 UNITS POWERSHARES DB COMMODITY INDEX P 2009-12-17 2015-02-19
FROM K-1 POWERSHARES DB COMMODITY INDEX - OTHER LOSSES P    
(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 1,182,711   1,213,460 -30,749
b 4,988,229   3,858,536 1,129,693
c 2,011,873   2,044,312 -32,439
d 1,918,518   1,839,358 79,160
e 3,547     3,547
157,838   177,270 -19,432
    27,494 -27,494
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       -30,749
b       1,129,693
c       -32,439
d       79,160
e       3,547
      -19,432
      -27,494
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,102,286
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 1,892,642 40,162,174 0.047125
2013 2,020,909 37,706,985 0.053595
2012 1,812,352 35,140,912 0.051574
2011 1,825,422 34,565,628 0.052810
2010 1,162,091 33,251,148 0.034949
2
Total of line 1, column (d) .....................
20.240053
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
0.048011
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
39,468,717
5
Multiply line 4 by line 3......................
5
1,894,933
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
16,542
7
Add lines 5 and 6........................
7
1,911,475
8
Enter qualifying distributions from Part XII, line 4.............
8
1,793,789
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 33,085
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 33,085
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 33,085
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 68,900
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 93,900
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 60,815
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet60,815 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    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 addressbulletN/A
    14
    The books are in care ofbulletmr bruce gelbaugh Telephone no.bullet (269) 382-2844

    Located atbullet514 south rose streetkalamazooMI ZIP+4bullet49007
    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
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BRUCE GELBAUGH VP/TREASURER/DIRECTOR
    20.00     		94,000 0 0
    514 S ROSE STREET
    KALAMAZOO,MI49007
    BURTON SHIFMAN PRESIDENT/DIRECTOR
    15.00     		40,000 0 0
    514 S ROSE STREET
    KALAMAZOO,MI49007
    ARNOLD SHIFMAN ASSISTANT SECRETARY/DIRECTOR
    1.00     		5,000 0 0
    514 S ROSE STREET
    KALAMAZOO,MI49007
    JONATHAN AARON SECRETARY/DIRECTOR
    1.00     		5,000 0 0
    514 S ROSE STREET
    KALAMAZOO,MI49007
    LAWRENCE HANDLER DIRECTOR
    5.00     		5,000 0 0
    514 S ROSE STREET
    KALAMAZOO,MI49007
    CAROLE SHIFMAN PROGRAM DIRECTOR
    30.00     		54,000 0 0
    514 S ROSE STREET
    KALAMAZOO,MI49007
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    COMERICA BANK INVESTMENT MANAGEMENT FEES 104,312
    po box 75000
    detroit,MI48275
    MORGAN STANLEY INVESTMENT MANAGEMENT FEES 85,885
    40701 WOODWARD AVE SUITE 200
    BLOOMFIELD,MI48304
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    37,101,440
    b
    Average of monthly cash balances.......................
    1b
    2,968,323
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    40,069,763
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    40,069,763
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    601,046
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    39,468,717
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,973,436
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,973,436
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    33,085
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    33,085
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,940,351
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,940,351
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,940,351
    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
    1,793,789
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,793,789
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,793,789
    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 1,940,351
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011...... 88,884
    c From 2012...... 65,684
    d From 2013...... 186,600
    e From 2014......  
    fTotal of lines 3a through e........ 341,168
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,793,789
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 1,793,789
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 146,562 146,562
    (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 5 194,606
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		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) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		194,606
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 8,006
    c Excess from 2013.... 186,600
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    NGOGO CHIMPANZEE PROJECT
    738 MAIN ST 310
    WALTHAM,MA024510616     		  PC GENERAL SUPPORT 1,000
    JEWISH FEDERATION OF METROPOLITAN DETROIT
    6735 TELEGRAPH ROAD
    BLOOMFIELD HILLS,MI483032030     		  PC 2015 ISRAELI CAMPER FUND 100,000
    HENRY FORD HEALTH SYSTEM
    1 FORD PLACE 5A
    DETROIT,MI482023450     		  PC HEART AND VASCULAR INSTITUTE RESEARCH FUND 1,500
    TAMARACK CAMPS
    6735 TELEGRAPH ROAD SUITE 380
    BLOOMFIELD HILLS,MI48301     		  PC CAMP SCHOLARSHIPS 95,000
    TAMARACK CAMPS
    6735 TELEGRAPH ROAD SUITE 380
    BLOOMFIELD HILLS,MI48301     		  PC CAPACITY BUILDING 90,000
    FAMILY & CHILDREN SERVICES
    1608 LAKE STREET
    KALAMAZOO,MI49001     		  PC GENERAL SUPPORT 5,000
    KALAMAZOO DREAM CENTER
    1122 PORTAGE STREET
    KALAMAZOO,MI49001     		  PC GENERAL SUPPORT 2,500
    MINISTRY WITH COMMUNITY
    440 N EDWARDS STREET
    KALAMAZOO,MI49007     		  PC GENERAL SUPPORT 2,500
    AJC GLOBAL JEWISH ADVOCACY
    165 EAST 56TH STREET
    NEW YORK,NY10022     		  PC PROGRAM SUPPORT - METRO DETROIT 25,000
    AMERICAN TECHNION SOCIETY
    55 EAST 59TH STREET
    NEW YORK,NY10022     		  PC RAVITZ FOUNDATION CHAIR 200,000
    BIG BROTHERS BIG SISTERS
    3501 COVINGTON ROAD
    KALAMAZOO,MI49001     		  PC GENERAL SUPPORT 35,000
    BOYS & GIRLS CLUBS OF GREATER KALAMAZOO
    915 LAKE STREET
    KALAMAZOO,MI49001     		  PC GENERAL SUPPORT 25,000
    UNIVERSITY OF MICHIGAN - CAMP MICHIGANIA
    3003 SOUTH STATE STREET SUITE 8000
    ANN ARBOR,MI481091288     		  PC CAMP MICHIGANIA MOTT FAMILY PROGRAM 25,000
    CISV USA - DETROIT CHAPTER
    PO BOX 20254
    FERNDALE,MI48220     		  PC PROGRAM SUPPORT - DETROIT CHAPTER 2,000
    CONGREGATION BETH SHALOM
    14601 WEST LINCOLN ROAD
    OAK PARK,MI482371333     		  PC GENERAL SUPPORT 5,500
    HAZEL PARK SCHOOLS
    1620 EAST ELZA
    HAZEL PARK,MI48030     		  PC PROMISE ZONE 2,500
    HILLEL CAMPUS ALLIANCE OF MICHIGAN
    360 CHARLES STREET
    EAST LANSING,MI48823     		  PC GENERAL SUPPORT 115,000
    HILLEL OF METRO DETROIT
    5221 GULLEN MALL 667 SCB - WSU
    DETROIT,MI48202     		  PC DEVELOP AND GROW PROGRAMMING 25,000
    HOLOCAUST MEMORIAL CENTER
    28123 ORCHARD LAKE ROAD
    FARMINGTON HILLS,MI483343738     		  PC GENERAL SUPPORT 100,000
    ISRAEL TENNIS CENTERS
    57 WEST 38TH STREET SUITE 605
    NEW YORK,NY10018     		  PC YOUTH AT RISK PROGRAM - ITC-BEER SHEVA TENNIS CENTER 25,000
    JEWISH COMMUNITY CENTER OF METROPOLITAN DETROIT
    6600 W MAPLE ROAD
    WEST BLOOMFIELD,MI48322     		  PC DAY CAMPS SCHOLARSHIPS 14,000
    UNITED JEWISH FOUNDATION
    6735 TELEGRAPH ROAD PO BOX 2030
    BLOOMFIELD HILLS,MI483032030     		  PC RAVITZ SMALL MICHIGAN JEWISH COMMUNITIES INITIATIVE PROGRAMMING ENDOWMENT. 100,000
    JEWISH HISTORICAL SOCIETY OF MICHIGAN
    6600 W MAPLE ROAD
    WEST BLOOMFIELD,MI483223003     		  PC CREATION AND LAUNCH OF DEFENDING FREEDOM BUS TOUR 1,500
    JEWISH HISTORICAL SOCIETY OF MICHIGAN
    6600 W MAPLE ROAD
    WEST BLOOMFIELD,MI483223003     		  PC GENERAL SUPPORT - OPERATING EXPENSES 5,000
    KADIMA
    15999 W 12 MILE ROAD
    SOUTHFIELD,MI48076     		  PC GENERAL SUPPORT 40,000
    KALAMAZOO LOAVES & FISHES
    901 PORTAGE STREET
    KALAMAZOO,MI490013005     		  PC GENERAL SUPPORT 35,000
    OAKLAND UNIVERSITY
    2200 NORTH SQUIRREL ROAD
    ROCHESTER,MI483094497     		  PC HADASSAH-HEBREW UNIVERSITY MEDICAL EXCHANGE PROGRAM 25,000
    OAKLAND UNIVERSITY
    2200 NORTH SQUIRREL ROAD
    ROCHESTER,MI483094497     		  PC CAPSTONE PROJECT FOR A HEALTHY MICHIGAN 25,000
    OAKLAND UNIVERSITY
    2200 NORTH SQUIRREL ROAD
    ROCHESTER,MI483094497     		  PC CAPSTONE SCHOLARSHIPS FOR FOURTH YEAR MEDICAL STUDENTS 65,000
    HILLEL UNIVERSITY OF MICHIGAN
    1429 HILL STREET
    ANN ARBOR,MI48104     		  PC SHABBAT DINNER INITIATIVE 50,000
    UNIVERSITY OF MICHIGAN
    3003 SOUTH STATE STREET SUITE 8000
    ANN ARBOR,MI481091288     		  PC MOTT'S CHILDRENS HOSPITAL - ADVANCEMENT AWARDS 50,000
    UNIVERSITY OF MICHIGAN
    3003 SOUTH STATE STREET SUITE 8000
    ANN ARBOR,MI481091288     		  PC VISION SCREENING 50,000
    UNIVERSITY OF MICHIGAN
    3003 SOUTH STATE STREET SUITE 8000
    ANN ARBOR,MI481091288     		  PC RAVITZ RESEARCH FOR ELDERLY - DEPRESSION CENTER 50,000
    UNIVERSITY OF MICHIGAN
    3003 SOUTH STATE STREET SUITE 8000
    ANN ARBOR,MI481091288     		  PC RAVITZ FACULTY RECRUITMENT FUND - CANCER CENTER 50,000
    UPSTART BAY AREA
    560 MISSION STREET SUITE 1395
    SAN FRANCISCO,CA94105     		  PC THE CENTER FOR NEW JEWISH LEARNING 9,000
    WMU FOUNDATION
    120 W WALWOOD HALL
    KALAMAZOO,MI490085403     		  PC SCHOLARSHIPS - NON-PROFIT LEADERSHIP PROGRAM 30,000
    YAD EZRA
    2850 W 11 MILE ROAD
    BERKLEY,MI48072     		  PC HEALTHY GROCERIES PROGRAM 25,000
    CONGREGATION BETH SHALOM
    14601 WEST LINCOLN ROAD
    OAK PARK,MI482371333     		  PC SANCTUARY FUND 1,000
    HILLEL DAY SCHOOL
    32200 MIDDLEBELT ROAD
    FARMINGTON HILLS,MI48334     		  PC GENERAL SUPPORT 7,500
    JEWISH COMMUNITY CENTER OF METROPOLITAN DETROIT
    6600 W MAPLE ROAD
    WEST BLOOMFIELD,MI48322     		  PC SPECIAL NEEDS FUND 1,500
    JEWISH COMMUNITY RELATIONS COUNCIL
    6735 TELEGRAPH ROAD SUITE 140
    BLOOMFIELD HILLS,MI48301     		  PC GENERAL SUPPORT 2,500
    JEWISH COMMUNITY RELATIONS COUNCIL
    6735 TELEGRAPH ROAD SUITE 140
    BLOOMFIELD HILLS,MI48301     		  PC GENERAL SUPPORT 2,500
    NATIONAL RAMAH COMMISSION INC
    3080 BROADWAY
    NEW YORK,NY10027     		  PC CAMP RAMAH 5,000
    UNIVERSITY OF MICHIGAN
    3003 SOUTH STATE STREET SUITE 8000
    ANN ARBOR,MI481091288     		  PC CRANIOFACIAL ANOMALIES PROGRAM-RESEARCH GIFTS 2,500
    AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE
    633 THIRD AVENUE
    NEW YORK,NY10017     		  PC GENERAL SUPPORT 5,000
    UNITED JEWISH FOUNDATION
    6735 TELEGRAPH ROAD PO BOX 2030
    BLOOMFIELD HILLS,MI483032030     		  PC LEONARD N SIMONS COMM ARCHIVES PROGRAMMING ENDOWMENT 5,000
    JEWISH FEDERATION OF METROPOLITAN DETROIT
    6735 TELEGRAPH ROAD PO BOX 2030
    BLOOMFIELD HILLS,MI483032030     		  PC 2016 ISRAELI CAMPER FUND 100,000
    Total .................................bullet 3a 1,639,500
    bApproved for future payment
    TAMARACK CAMPS
    6735 TELEGRAPH ROAD SUITE 380
    BLOOMFIELD HILLS,MI48301     		  PC CAPACITY BUILDING - TOTAL OVER NEXT YEAR 90,000
    UNIVERSITY OF MICHIGAN
    3003 SOUTH STATE STREET SUITE 8000
    ANN ARBOR,MI481091288     		  PC MOTT'S CHILDRENS HOSPITAL - ADVANCEMENT AWARDS - TOTAL OVER NEXT 2 YEARS 100,000
    OAKLAND UNIVERSITY
    2200 NORTH SQUIRREL ROAD
    ROCHESTER,MI483094497     		  PC HADASSAH-HEBREW UNIVERSITY MEDICAL EXCHANGE PROGRAM - TOTAL OVER NEXT 2 YEARS 50,000
    OAKLAND UNIVERSITY
    2200 NORTH SQUIRREL ROAD
    ROCHESTER,MI483094497     		  PC CAPSTONE PROJECT FOR A HEALTHY MICHIGAN - TOTAL OVER NEXT 2 YEARS 50,000
    OAKLAND UNIVERSITY
    2200 NORTH SQUIRREL ROAD
    ROCHESTER,MI483094497     		  PC CAPSTONE SCHOLARSHIPS FOR FOURTH YEAR MEDICAL STUDENTS - TOTAL OVER NEXT 2 YEARS 130,000
    Total .................................bullet 3b 420,000
    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 10,183  
    4 Dividends and interest from securities....     14 831,123  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 1,102,286  
    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).. 0 1,943,592 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,943,592
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    the RAVITZ FOUNDATION
    EIN:
    38-3508943
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    plante & moran 12,180 6,090   6,090

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    the RAVITZ FOUNDATION
    EIN:
    38-3508943
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T INC 5.5% 02/01/2018 267,758 267,248
    AMERICAN EXPRESS CR CORP 2.8% 09/19/2016 253,124 253,185
    ANHEUSER BUSCH INBEV WORLDWIDE I 5.375% 01/15/2020 277,682 276,640
    BLACKROCK INC 5% 12/10/2019 275,085 276,425
    CATERPILLAR FINL SVCS CORP 5.45% 04/15/2018 269,841 270,410
    CISCO SYS INC SR NT 3.15% 03/15/2017 255,956 256,160
    GENERAL ELEC CAP CORP 5.375% 10/20/2016 250,562 258,443
    HSBC FINANCE CORP 5.5% 01/19/2016 497,430 500,820
    HERSHEY CO NT 4.125% 12/01/2020 269,328 269,525
    HOME DEPOT INC 5.4% 03/01/2016 251,985 251,758
    HONEYWELL 5.3% 03/01/2018 268,827 269,787
    IBM CORP 5.7% 09/14/2017 267,599 268,145
    JPMORGAN CHASE & CO INT 2% 08/15/2017 251,805 250,847
    LOWES 5.4% 10/15/2016 100,428 103,415
    PHILIP MORRIS INTL INC 2.5% 05/16/2016 251,563 251,535
    PRAXAIR INC 4.5% 08/15/2019 269,924 269,202
    PROCTER & GAMBLE CO 4.7% 02/15/2019 270,696 272,400
    SIMON PROPERTY GROUP INC 2.15% 09/15/2017-2017 251,916 252,320
    WAL-MART STORES INC 5.375% 04/05/2017 262,933 263,282
    BP CAPITAL MARKETS PLC 4.75% 03/10/2019 270,316 267,330

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    the RAVITZ FOUNDATION
    EIN:
    38-3508943
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMAZON COM INC 30,577 63,534
    COMCAST CORP CL A 62,699 73,359
    CONSTELLATION BRANDS INC CL A 52,483 80,194
    RR DONNELLEY & SONS CO 55,213 68,890
    EXTENDED STAY AMER INC 82,721 70,548
    FORD MOTOR CO 102,038 88,161
    HAIN CELESTIAL GROUP INC 54,653 37,320
    HOME DEPOT INC 52,568 89,136
    KOHLS CORP 32,238 29,102
    MATTEL INC 101,433 106,669
    NIKE INC CL B 20,370 55,000
    REGAL ENTERTAINMENT GROUP CL A 95,778 94,935
    STARBUCKS CORP 46,668 75,638
    TARGET CORP 96,332 109,351
    ALTRIA GROUP INC 63,449 69,968
    B & G FOODS HLDGS CORP CLASS A 119,681 140,430
    BROWN FORMAN CORP CL B 67,154 71,978
    CAMPBELL SOUP CO 35,117 38,309
    CLOROX CO 24,286 30,439
    COLGATE PALMOLIVE CO 53,156 53,962
    CONAGRA FOODS INC 96,829 135,081
    DISNEY WALT CO 45,444 61,367
    DR PEPPER SNAPPLE GROUP 59,629 70,925
    HORMEL FOODS CORP 59,087 81,452
    KELLOGG CO 78,780 104,069
    KRAFT HEINZ CO 36,577 46,130
    KROGER CO 37,235 45,176
    MOLSON COORS BREWING CO CL B 17,641 31,181
    MONDELEZ INTL INC 63,624 75,331
    MONSTER BEVERAGE CORP 20,252 44,688
    PEPSICO INC 71,876 88,429
    CHEVRON CORPORATION 164,328 129,003
    CONOCOPHILLIPS 129,342 83,388
    EOG RESOURCES INC 37,741 31,218
    EXXON MOBIL CORPORATION 107,156 91,201
    KINDER MORGAN INC DEL COM 26,044 12,085
    OCCIDENTAL PETROLEUM CORP 16,211 12,846
    PHILLIPS 66 37,606 41,718
    SPECTRA ENERGY CORP 26,707 19,152
    WILLIAMS CO COS INC 38,618 18,812
    AMERICAN INTL GROUP INC 45,780 58,252
    ARES CAPITAL CORP 87,497 70,252
    BB&T CORP 42,207 41,931
    BERKSHIRE HATHAWAY CL B 55,565 63,511
    BLACKROCK INC 29,974 33,711
    BOSTON PROPERTIES INC 19,871 20,789
    CULLEN FROST 31,998 25,860
    F N B CORP PA 87,265 90,499
    FEDERATED INVESTORS INC CL B 93,918 79,074
    FIFTH THIRD BANCORP COM 32,344 32,361
    FIRST REPUBLIC BANK/SF COM 38,292 40,164
    FIRSTMERIT CORPORATION 85,236 74,041
    GALLAGHER ARTHUR J & CO 87,807 78,605
    HUNTINGTON BANCSHARES INC 22,881 21,633
    LAM RESH CORP 57,428 58,771
    OLD REP INTL CORP 69,334 104,142
    PACWEST BANCORP 95,984 87,838
    PRINCIPAL FINANCIAL GROUP 107,437 86,721
    PROLOGIS INC 102,358 106,270
    PRUDENTIAL FINANCIAL INC 25,014 25,400
    REGIONS FINL CORP 26,643 24,000
    ROLLINS INC 46,442 62,160
    SVB FINL GROUP 24,130 23,423
    STARWOOD PPTY TR INC 87,291 76,278
    SUMMIT HOTEL PPTYS INC COM 61,265 88,466
    SUNTRUST BANKS INC 24,734 25,747
    TRAVELERS COS INC 24,631 25,958
    US BANCORP 46,337 44,377
    VISA INC CL A 25,867 102,366
    WELLS FARGO & CO NEW 80,088 90,238
    WESTERN UN CO 96,110 90,893
    ZIONS BANCORP 26,085 22,468
    ABBOTT LABS 28,063 29,192
    ABBVIE INC 184,763 165,931
    AMGEN INC 52,807 99,021
    BAXALTA INC 58,009 62,019
    BECTON DICKINSON & CO 59,380 63,177
    BRISTOL MYERS SQUIBB CO 44,519 57,784
    CVS/CAREMARK CORP 62,821 75,283
    CELGENE CORP 40,419 64,670
    CORNING INCORPORATED 57,880 82,808
    GILEAD SCIENCES INC 50,026 61,726
    HCA HLDGS INC COM 39,245 37,873
    JOHNSON & JOHNSON 53,254 87,517
    LILLY ELI & CO 64,211 78,362
    MCKESSON CORP 71,086 61,141
    MERCK & CO INC NEW 134,251 162,580
    REGENERON PHARMACEUTICALS INC 36,096 48,858
    THERMO FISHER SCIENTIFIC INC 50,747 59,577
    UNIVERSAL HEALTH SVCS INC CL B 36,484 40,627
    AMERICAN RAILCAR INDS INC 41,901 54,564
    BOEING CO 59,468 67,957
    GENERAL DYNAMICS CORP 51,761 52,197
    GENERAL ELECTRIC CO 68,034 108,620
    HONEYWELL INTERNATIONAL INC 49,236 54,892
    LSI INDS INC OHIO 14,622 25,757
    LOCKHEED MARTINCORP 56,294 76,003
    NORFOLK SOUTHERN CORP 80,097 88,143
    NORTHROP GRUMMAN CORP 53,285 77,412
    PBF ENERGY INC 89,448 123,682
    ROPER INDS INC NEW 21,774 49,345
    TAL INTL GROUP INC 75,322 40,163
    ALPHABET INC CL C 60,081 82,718
    APPLE INC 57,245 111,155
    CA INC 85,048 90,364
    CISCO SYS INC 134,199 143,922
    FACEBOOK INC 41,589 69,599
    FISERV INC 13,880 41,157
    GREIF INC CL A 114,179 73,359
    INTEL CORP 87,886 121,264
    ORACLE CORPORATION 62,221 59,106
    PALO ALTO NETWORKS INC 41,630 45,092
    PAYPAL HLDGS INC 56,690 59,042
    RAYTHEON COMPANY 95,464 115,813
    RED HAT INC 27,589 32,213
    STEELCASE INC 83,367 77,301
    YAHOO INC 44,876 33,593
    AVERY DENNISON CORP 43,282 55,141
    DOW CHEMICAL CO 42,691 44,788
    INNOPHOS HLDGS INC 105,361 52,512
    SEALED AIR CORP NEW 40,206 56,196
    T-MOBILE US INC 36,683 35,208
    DOMINION RESOURCES INC 39,872 39,096
    NEXTERA ENERGY INC 25,513 25,765
    LIONS GATE ENTERTAINMENT CORP 48,891 51,500
    MEDTRONIC PLC 88,492 88,458
    PERRIGO CO PLC 44,267 35,741
    MYLAN NV 29,567 23,521
    SCORPIO TANKERS INC 90,911 82,766

    TY 2015 InvestmentsOtherSchedule2
    Name:
    the RAVITZ FOUNDATION
    EIN:
    38-3508943
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES S&P SM CAP 600 INDEX FD AT COST 527,412 1,306,455
    MFS INTL NEW DISCOVERY I AT COST 163,281 218,658
    OPPENHEIMER DEVELOPING MARKETS FUND-Y AT COST 186,521 178,772
    GE CAPITAL RETAIL BANK CD 1.6% 03/16/2017 AT COST 250,000 251,695
    GOLDMAN SACHS BANK USA CD 1.7% 02/22/2017 AT COST 250,000 251,988
    STATE BANK OF INDIA CD 1.65% 03/23/2017 AT COST 250,000 252,592
    ENERGY SEL SECT SPDR FD (XLE) AT COST 292,296 224,752
    GUGGENHEIM S&P 500 EQU WEIGHT (RSP) AT COST 1,110,933 1,787,168
    ISHARES CORE MSCI EAFE ETF (IEFA) AT COST 386,979 380,660
    ISHARES N AMER NAT RES ETF (IGE) AT COST 377,094 260,859
    ISHARES S&P 500 GRWTH ETF (IVW) AT COST 2,207,797 4,159,189
    ISHARES S&P 500 VAL ETF (IVE) AT COST 2,449,822 3,861,148
    ISHARES SP SMALLCAP 600 INDEX (IJR) AT COST 558,795 973,152
    ISHARES US REAL ESTATE ETF (IYR) AT COST 514,841 731,504
    PROSHARES TR S&P 500 DV ARIST (NOBL) AT COST 567,479 583,327
    SPDR MORGAN STANLEY TECHNOLOGY (MTK) AT COST 270,793 459,247
    VANGUARD DIVIDEND APPRECIATION (VIG) AT COST 261,362 404,819
    VANGUARD FTSE DEVELOPED MKTS E (VEA) AT COST 1,782,949 1,874,189
    VANGUARD FTSE EMERGING MKTS (VWO) AT COST 899,388 814,479
    VANGUARD FTSE EUROPE ETF (VGK) AT COST 187,596 179,568
    VANGUARD INTL EQUITY INDEX FD (VEU) AT COST 734,301 692,346
    WISDOM TREE INTL DIV TOP 100 (DOO) AT COST 172,088 175,174
    WISDOM TREE JAPN HEDGE EQ (DXJ) AT COST 199,923 183,042
    VOYA GLOBAL REAL ESTATE I (IGLIX) AT COST 347,467 428,653

    TY 2015 OtherExpensesSchedule
    Name:
    the RAVITZ FOUNDATION
    EIN:
    38-3508943
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    association dues 750 375   375
    INSURANCE 1,474 737   737
    OFFICE EXPENSE 772 386   386
    INVESTMENT EXPENSES FROM K-1S 1,414 1,414   0


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    the RAVITZ FOUNDATION
    EIN:
    38-3508943
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 190,197 190,197   0


    TY 2015 TaxesSchedule
    Name:
    the RAVITZ FOUNDATION
    EIN:
    38-3508943
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 216 216   0