Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
CHERITH FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)248 ROUTE 25A NO 9
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EAST SETAUKET, NY11733
A Employer identification number

45-3126397
B Telephone number (see instructions)

(631) 444-7126
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$8,338,691J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 14 14  
4 Dividends and interest from securities... 71,750 71,750  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 338,827
b Gross sales price for all assets on line 6a 5,814,494
7 Capital gain net income (from Part IV, line 2)... 338,827
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........ 410,591 410,591  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,110 0   0
b Accounting fees (attach schedule)....... Click to see attachment 3,300 0   0
c Other professional fees (attach schedule).... Click to see attachment 24,510 24,510   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12 12   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 18,309 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,241 24,522   0
25 Contributions, gifts, grants paid....... 353,925 353,925
26 Total expenses and disbursements. Add lines 24 and 25 401,166 24,522   353,925
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,425
b Net investment income (if negative, enter -0-) 386,069
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............. 30,251 120,369 120,366
2 Savings and temporary cash investments......... 170,020 661,089 636,584
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment878,306 880,156
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,369,879 Click to see attachment6,894,811 6,701,585
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment25,000 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,570,150 8,579,575 8,338,691
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 5,000,068 5,000,068
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 3,570,082 3,579,507
30 Total net assets or fund balances (see instructions)..... 8,570,150 8,579,575
31 Total liabilities and net assets/fund balances (see instructions). 8,570,150 8,579,575
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
8,570,150
2
Enter amount from Part I, line 27a .....................
2
9,425
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,579,575
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
8,579,575
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 ISHARES MSCI EAFE INDEX FUND P 2014-10-08 2015-03-04
b ISHARES RUSSELL MIDCAP INDEX FUND P 2013-04-24 2015-03-04
c JPM GLBL RES ENH INDEX FD - SEL FUND 3457 P 2014-06-09 2015-03-04
d JPM LARGE CAP GRWTH FD - SEL FUND 3118 P 2013-04-24 2015-03-04
e JPM SHORT DURATION BD FD - SEL FUND 3133 0.69% P 2013-04-24 2015-03-04
JPM STRAT INC OPP FD - SEL FUND 3844 4.78% P 2014-06-09 2015-03-04
MFS INTL VALUE-I P 2015-03-04 2015-02-02
PARNASSUS CORE EQUITY FD-INS P 2013-04-24 2015-03-04
PIMCO COMMODITYPL STRAT-P P 2013-04-24 2015-02-02
SPDR S&P 500 ETF TRUST P 2015-02-02 2015-03-04
T ROWE PRICE NEW ASIA P 2013-04-24 2015-03-04
T ROWE PRICE NEW ASIA P 2014-10-23 2015-03-04
BBH CORE SELECT FD-N P 2013-04-24 2015-03-04
BLACKROCK HIGH YIELD PT-INST P 2013-04-24 2015-03-04
BROWN ADV JAPAN ALPHA OPP-IS P 2014-06-09 2015-03-04
CULLEN INTER HIGH DIVID-I P 2013-04-24 2015-02-02
DOUBLELINE TOT RET BND-I P 2013-04-24 2015-03-04
BCE INC P 2013-06-07 2015-03-04
BCE INC P 2014-03-21 2015-03-04
BOEING CO/THE P 2013-04-26 2015-03-04
CHEVRON CORP P 2013-04-26 2015-03-04
CISCO SYSTEMS INC P 2014-03-27 2015-03-04
CISCO SYSTEMS INC P 2013-04-26 2015-03-04
CNOOC LTD-SPON ADR P 2014-07-07 2015-03-04
CNOOC LTD-SPON ADR P 2014-07-08 2015-03-04
CONOCOPHILLIPS P 2013-04-26 2015-03-04
CORNING INC P 2014-12-16 2015-03-04
DIAGEO PLC-SPONSORED ADR P 2013-04-26 2015-03-04
DIAMOND OFFSHORE DRILLING P 2013-04-26 2015-03-04
DIAMOND OFFSHORE DRILLING P 2013-06-28 2015-03-04
DIAMOND OFFSHORE DRILLING P 2013-10-30 2015-03-04
DU PONT (E.I.) DE NEMOURS P 2013-04-26 2015-03-04
ELI LILLY & CO P 2013-04-26 2015-03-04
GENERAL ELECTRIC CO P 2013-04-26 2015-03-04
GENUINE PARTS CO P 2013-04-26 2015-03-04
HALYARD HEALTH INC P 2013-04-26 2015-03-04
HCP INC P 2013-04-26 2015-03-04
HCP INC P 2014-03-21 2015-03-04
HEALTH CARE REIT INC P 2013-04-26 2015-03-04
HEALTH CARE REIT INC P 2014-03-21 2015-03-04
HSBC HOLDINGS PLC-SPONS ADR P 2013-04-26 2015-03-04
INTEL CORP P 2013-04-26 2015-03-04
JOHNSON & JOHNSON P 2013-04-26 2015-03-04
JPMORGAN CHASE & CO P 2013-04-26 2015-03-04
JPMORGAN CHASE & CO P 2014-06-06 2015-03-04
KIMBERLY-CLARK CORP P 2013-04-26 2015-03-04
MERCK & CO. INC. P 2013-04-26 2015-03-04
METLIFE INC P 2013-04-26 2015-03-04
METLIFE INC P 2013-06-26 2015-03-04
MICROSOFT CORP P 2013-04-26 2015-03-04
NEXTERA ENERGY INC P 2013-04-26 2015-03-04
PFIZER INC P 2014-06-13 2015-03-04
PHILIP MORRIS INTERNATIONAL P 2013-04-26 2015-03-04
PHILIP MORRIS INTERNATIONAL P 2014-03-21 2015-03-04
RAYTHEON COMPANY P 2013-04-26 2015-03-04
ROYAL DUTCH SHELL-SPON ADR-B P 2013-04-26 2015-03-04
SYMANTEC CORP P 2014-03-12 2015-03-04
SYMANTEC CORP P 2014-03-25 2015-03-04
TRAVELERS COS INC/THE P 2013-04-26 2015-03-04
UNILEVER N V -NY SHARES P 2013-04-26 2015-03-04
VODAFONE GROUP PLC-SP ADR P 2013-04-26 2015-03-04
VODAFONE GROUP PLC-SP ADR P 2013-06-26 2015-03-04
3M CO P 2013-04-26 2015-03-04
ALTRIA GROUP INC P 2013-04-26 2015-03-04
ASTRAZENECA PLC-SPONS ADR P 2013-04-26 2015-03-04
AT&T INC P 2013-04-26 2015-03-04
BCE INC P 2013-04-26 2015-03-04
WILLIAM SONOMA INC. P 2015-04-01 2015-04-22
WILLIAM SONOMA INC. P 2015-04-01 2015-04-22
WILLIAM SONOMA INC. P 2015-04-01 2015-04-23
WILLIAM SONOMA INC. P 2015-04-01 2015-04-23
WILLIAM SONOMA INC. P 2015-04-01 2015-04-23
WILLIAM SONOMA INC. P 2015-04-01 2015-04-24
WILLIAM SONOMA INC. P 2015-04-01 2015-04-24
CHEVERON CORP. P 2015-04-01 2015-05-01
GAP INC. P 2015-04-01 2015-05-08
GAP INC. P 2015-04-01 2015-05-08
GAP INC. P 2015-04-01 2015-05-08
GAP INC. P 2015-04-01 2015-05-08
GAP INC. P 2015-04-01 2015-05-11
GAP INC. P 2015-04-01 2015-05-11
GAP INC. P 2015-04-01 2015-05-11
WILLIAM SONOMA INC. P 2015-04-01 2015-05-12
WILLIAM SONOMA INC. P 2015-04-01 2015-05-12
WILLIAM SONOMA INC. P 2015-04-01 2015-05-12
WILLIAM SONOMA INC. P 2015-04-01 2015-05-13
WILLIAM SONOMA INC. P 2015-04-01 2015-05-13
WILLIAM SONOMA INC. P 2015-04-01 2015-05-13
WILLIAM SONOMA INC. P 2015-04-01 2015-05-14
WILLIAM SONOMA INC. P 2015-04-01 2015-05-14
SEMPRA ENERGY P 2015-04-01 2015-05-26
DTE ENERGY CO. P 2015-04-01 2015-05-26
SEMPRA ENERGY P 2015-04-01 2015-06-01
SEMPRA ENERGY P 2015-04-01 2015-06-01
SEMPRA ENERGY P 2015-04-01 2015-06-01
SEMPRA ENERGY P 2015-04-01 2015-06-01
DTE ENERGY CO. P 2015-04-01 2015-06-01
DTE ENERGY CO. P 2015-04-01 2015-06-01
DTE ENERGY CO. P 2015-04-01 2015-06-01
DTE ENERGY CO. P 2015-04-01 2015-06-02
DTE ENERGY CO. P 2015-04-01 2015-06-02
JOHNSON & JOHNSON P 2015-04-01 2015-06-11
JOHNSON & JOHNSON P 2015-04-01 2015-06-12
JOHNSON & JOHNSON P 2015-04-01 2015-06-12
JOHNSON & JOHNSON P 2015-04-01 2015-06-12
JOHNSON & JOHNSON P 2015-04-01 2015-06-12
JOHNSON & JOHNSON P 2015-04-01 2015-06-12
JOHNSON & JOHNSON P 2015-04-01 2015-06-12
TIME WARNER CABLE INC. P 2015-04-01 2015-06-12
JOHNSON & JOHNSON P 2015-04-01 2015-06-12
JOHNSON & JOHNSON P 2015-04-01 2015-06-15
JOHNSON & JOHNSON P 2015-04-01 2015-06-15
JOHNSON & JOHNSON P 2015-04-01 2015-06-15
JOHNSON & JOHNSON P 2015-04-01 2015-06-15
JOHNSON & JOHNSON P 2015-04-01 2015-06-15
JOHNSON & JOHNSON P 2015-04-01 2015-06-15
JOHNSON & JOHNSON P 2015-04-01 2015-06-16
JOHNSON & JOHNSON P 2015-04-01 2015-06-16
JOHNSON & JOHNSON P 2015-04-01 2015-06-17
JOHNSON & JOHNSON P 2015-04-01 2015-06-17
JOHNSON & JOHNSON P 2015-04-01 2015-06-17
JOHNSON & JOHNSON P 2015-04-01 2015-06-18
JOHNSON & JOHNSON P 2015-04-01 2015-06-18
JOHNSON & JOHNSON P 2015-04-01 2015-06-19
JOHNSON & JOHNSON P 2015-04-01 2015-06-19
JOHNSON & JOHNSON P 2015-04-01 2015-06-19
JOHNSON & JOHNSON P 2015-04-01 2015-06-22
JOHNSON & JOHNSON P 2015-04-01 2015-06-22
JOHNSON & JOHNSON P 2015-04-01 2015-06-22
WILLIAM SONOMA INC. P 2015-04-01 2015-07-22
OMNICOM GROUP INC. P 2015-04-01 2015-07-22
OMNICOM GROUP INC. P 2015-04-01 2015-07-22
WILLIAM SONOMA INC. P 2015-04-01 2015-07-23
OMNICOM GROUP INC. P 2015-04-01 2015-07-23
WILLIAM SONOMA INC. P 2015-04-01 2015-07-23
WILLIAM SONOMA INC. P 2015-04-01 2015-07-23
OMNICOM GROUP INC. P 2015-04-01 2015-07-23
OMNICOM GROUP INC. P 2015-04-01 2015-07-23
OMNICOM GROUP INC. P 2015-04-01 2015-07-23
OMNICOM GROUP INC. P 2015-04-01 2015-07-23
OMNICOM GROUP INC. P 2015-04-01 2015-07-23
OMNICOM GROUP INC. P 2015-04-01 2015-07-23
WILLIAM SONOMA INC. P 2015-04-01 2015-07-24
WILLIAM SONOMA INC. P 2015-04-01 2015-07-24
WILLIAM SONOMA INC. P 2015-04-01 2015-07-24
OMNICOM GROUP INC. P 2015-04-01 2015-07-24
WILLIAM SONOMA INC. P 2015-04-01 2015-07-24
ANALOG DEVICES INC. P 2015-04-01 2015-07-24
ANALOG DEVICES INC. P 2015-04-01 2015-07-24
ANALOG DEVICES INC. P 2015-04-01 2015-07-31
ANALOG DEVICES INC. P 2015-04-01 2015-07-31
ANALOG DEVICES INC. P 2015-04-01 2015-07-31
ANALOG DEVICES INC. P 2015-04-01 2015-07-31
ANALOG DEVICES INC. P 2015-04-01 2015-07-31
ANALOG DEVICES INC. P 2015-04-01 2015-07-31
ANALOG DEVICES INC. P 2015-04-01 2015-07-31
ANALOG DEVICES INC. P 2015-04-01 2015-08-03
ANALOG DEVICES INC. P 2015-04-01 2015-08-03
ANALOG DEVICES INC. P 2015-04-01 2015-08-03
ANALOG DEVICES INC. P 2015-04-01 2015-08-04
THE HERSHEY COMPANY P 2015-04-01 2015-08-11
OMNICOM GROUP INC. P 2015-04-01 2015-08-24
OMNICOM GROUP INC. P 2015-04-01 2015-08-24
OMNICOM GROUP INC. P 2015-04-01 2015-08-24
ANALOG DEVICES INC. P 2015-04-01 2015-08-24
ANALOG DEVICES INC. P 2015-04-01 2015-08-24
ANALOG DEVICES INC. P 2015-04-01 2015-08-24
ANALOG DEVICES INC. P 2015-04-01 2015-08-24
OMNICOM GROUP INC. P 2015-04-01 2015-08-25
OMNICOM GROUP INC. P 2015-04-01 2015-08-26
OMNICOM GROUP INC. P 2015-04-01 2015-08-26
CHEVERON CORP. P 2015-04-01 2015-08-26
CHEVERON CORP. P 2015-04-01 2015-08-26
CHEVERON CORP. P 2015-04-01 2015-08-26
CHEVERON CORP. P 2015-04-01 2015-08-26
OMNICOM GROUP INC. P 2015-04-01 2015-08-27
SEMPRA ENERGY P 2015-04-01 2015-09-01
SEMPRA ENERGY P 2015-04-01 2015-09-01
SEMPRA ENERGY P 2015-04-01 2015-09-01
SEMPRA ENERGY P 2015-04-01 2015-09-01
SEMPRA ENERGY P 2015-04-01 2015-09-01
SEMPRA ENERGY P 2015-04-01 2015-09-02
SEMPRA ENERGY P 2015-04-01 2015-09-02
OMNICOM GROUP INC. P 2015-04-01 2015-09-22
OMNICOM GROUP INC. P 2015-04-01 2015-09-22
OMNICOM GROUP INC. P 2015-04-01 2015-09-23
OMNICOM GROUP INC. P 2015-04-01 2015-09-23
OMNICOM GROUP INC. P 2015-04-01 2015-09-24
OMNICOM GROUP INC. P 2015-04-01 2015-09-24
OMNICOM GROUP INC. P 2015-04-01 2015-09-25
OMNICOM GROUP INC. P 2015-04-01 2015-09-25
OMNICOM GROUP INC. P 2015-04-01 2015-09-28
OMNICOM GROUP INC. P 2015-04-01 2015-09-30
OMNICOM GROUP INC. P 2015-04-01 2015-10-01
OMNICOM GROUP INC. P 2015-04-01 2015-10-02
OMNICOM GROUP INC. P 2015-04-01 2015-10-02
OMNICOM GROUP INC. P 2015-04-01 2015-10-02
OMNICOM GROUP INC. P 2015-04-01 2015-10-05
OMNICOM GROUP INC. P 2015-04-01 2015-10-05
OMNICOM GROUP INC. P 2015-04-01 2015-10-05
OMNICOM GROUP INC. P 2015-04-01 2015-10-06
OMNICOM GROUP INC. P 2015-04-01 2015-10-06
CMS ENERGY CORP. P 2015-04-01 2015-10-28
HOME DEPOT INC. P 2015-04-01 2015-10-28
HONEYWELL INTERNATIONAL INC. P 2015-04-01 2015-10-28
OMNICOM GROUP INC. P 2015-04-01 2015-10-28
PROCTER & GAMBLE CO. P 2015-04-01 2015-10-28
US BANCORP P 2015-05-08 2015-10-28
TIME WARNER CABLE INC. P 2015-04-01 2015-10-28
VALIDUS HOLDINGS LTD P 2015-04-01 2015-10-28
ACE LTD P 2015-04-01 2015-10-28
AUTOMATIC DATA PROCESSING P 2015-04-01 2015-10-28
BB&T CORP. P 2015-05-08 2015-10-28
EXXON MOBIL CORP P 2015-05-06 2015-10-28
NISOURCE INC. P 2015-04-01 2015-10-28
3M CO. P 2015-04-01 2015-10-28
TIME WARNER CABLE INC. P 2015-04-01 2015-10-28
TIME WARNER CABLE INC. P 2015-04-01 2015-10-28
TRAVELERS COS INC. P 2015-04-01 2015-10-28
COCA-COLA CO. P 2015-04-01 2015-10-28
JOHNSON & JOHNSON P 2015-04-01 2015-10-28
L BRANDS INC. P 2015-08-11 2015-10-28
CINEMARK HOLDINGS INC. P 2015-04-01 2015-10-28
COLUMBIA PIPELINE GROUP P 2015-04-01 2015-10-28
FIDELTIY NATIONAL INFO SERV P 2015-04-01 2015-10-28
ILLINOIS TOOLS WORKS P 2015-04-01 2015-10-28
NORTHERN TRUST CORP P 2015-04-01 2015-10-28
PNC FINANCIAL P 2015-04-01 2015-10-28
PPG INDUSTRIES P 2015-04-01 2015-10-28
ACCENTURE PLC CL A P 2015-04-01 2015-10-28
ANALOG DEVICES INC. P 2015-04-01 2015-10-28
CME GROUP INC. P 2015-04-01 2015-10-28
CINCINNATI FINANCIAL CORP. P 2015-04-01 2015-10-28
COCA-COLA CO. P 2015-04-01 2015-10-28
EDISON INTERNATIONAL INC. P 2015-04-01 2015-10-28
MONDELEZ INTERNATIONAL INC. P 2015-04-01 2015-10-28
SNAP-ON INC. P 2015-04-01 2015-10-28
TEXAS INSTRUMENTS INC. P 2015-04-01 2015-10-28
ABBVIE INC. P 2015-04-01 2015-10-28
ABBVIE INC. P 2015-04-01 2015-10-28
ARTHUR J. GALLAGHER & CO. P 2015-04-01 2015-10-28
ABBVIE INC. P 2015-04-01 2015-10-28
MICROSOFT CORP. P 2015-04-01 2015-10-28
ALTRIA GROUP INC. P 2015-04-01 2015-10-28
BRISTOL-MYERS SQUIBB CO. P 2015-04-01 2015-10-28
MERCK & CO. INC. P 2015-04-01 2015-10-28
PFIZER INC. P 2015-04-01 2015-10-28
VERIZON COMMUNICATIONS P 2015-04-01 2015-10-28
WELLS FARGO & CO. P 2015-04-01 2015-10-28
WILLIAM SONOMA INC. P 2015-04-01 2005-04-21
JPM SHORT DURATIONS BD FD P 2015-03-12 2015-10-13
ISHA CURR HEDGED MSCI EAFE P 2015-03-11 2015-12-05
JPM SHORT DURATION BD FD P 2015-03-12 2015-12-14
TIME WARNER CABLE INC. P 2015-03-27 2015-11-04
L BRANDS INC. P 2015-03-27 2015-11-06
TIME WARNER CABLE INC. P 2015-03-27 2015-11-06
ACCENTURE PLC CL A P 2015-03-27 2015-11-06
L BRANDS INC. P 2015-03-27 2015-11-06
ACCENTURE PLC CL A P 2015-03-27 2015-11-09
DR. PEPPER SNAPPLE GROUP P 2015-08-27 2015-11-12
HOME DEPOT INC. P 2015-03-27 2015-11-13
L BRANDS INC. P 2015-03-27 2015-11-13
EXXON MOBIL CORP P 2015-03-27 2015-11-13
HOME DEPOT INC. P 2015-03-27 2015-11-13
L BRANDS INC. P 2015-03-27 2015-11-13
HOME DEPOT INC. P 2015-03-27 2015-11-16
L BRANDS INC. P 2015-08-06 2015-11-16
HOME DEPOT INC. P 2015-03-27 2015-11-17
ABBVIE INC. P 2015-03-27 2015-11-30
HERSHEY CO. P 2015-03-27 2015-11-30
ABBVIE INC. P 2015-03-27 2015-11-30
ACCENTURE PLC CL A P 2015-03-27 2015-12-21
(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 180,667   174,933 5,734
b 437,492   336,882 100,610
c 387,780   379,214 8,566
d 355,760   266,667 89,093
e 739,896   746,696 -6,800
88,943   90,000 -1,057
450,651   399,999 50,652
439,549   364,440 75,109
167,923   240,334 -72,411
209,140   197,092 12,048
168,305   159,368 8,937
129,232   128,250 982
339,942   293,313 46,629
349,783   357,693 -7,910
86,166   75,516 10,650
372,495   377,953 -5,458
196,792   200,000 -3,208
3,782   3,765 17
1,112   1,065 47
3,087   1,860 1,227
6,832   7,821 -989
1,907   1,435 472
7,040   4,973 2,067
2,828   3,507 -679
2,121   2,643 -522
6,751   6,195 556
2,963   2,506 457
5,847   6,028 -181
1,666   3,511 -1,845
303   643 -340
1,969   3,821 -1,852
9,372   6,368 3,004
9,532   7,642 1,890
7,812   6,805 1,007
7,999   6,395 1,604
364   278 86
5,839   7,369 -1,530
1,877   1,653 224
7,661   7,172 489
1,149   859 290
5,028   6,247 -1,219
4,941   3,418 1,523
8,122   6,826 1,296
6,202   4,893 1,309
1,861   1,712 149
7,037   6,422 615
8,367   6,970 1,397
5,138   3,858 1,280
771   674 97
7,094   5,277 1,817
8,111   6,467 1,644
6,750   5,752 998
6,568   7,648 -1,080
1,642   1,620 22
9,081   5,125 3,956
6,271   6,528 -257
2,939   2,457 482
2,082   1,632 450
8,551   6,830 1,721
7,162   6,867 295
4,593   7,516 -2,923
281   422 -141
7,523   4,680 2,843
10,320   6,684 3,636
3,386   2,582 804
6,964   7,616 -652
2,670   2,747 -77
762   778 -16
381   389 -8
77   78 -1
1,306   1,322 -16
154   156 -2
77   78 -1
230   233 -3
10,132   9,700 432
365   385 -20
525   556 -31
1,430   1,540 -110
357   385 -28
1,315   1,411 -96
199   214 -15
438   470 -32
154   156 -2
77   78 -1
230   233 -3
228   233 -5
379   389 -10
76   78 -2
824   856 -32
75   78 -3
750   760 -10
395   402 -7
1,928   1,953 -25
643   651 -8
1,071   1,085 -14
1,181   1,194 -13
872   885 -13
316   322 -6
1,030   1,045 -15
159   161 -2
396   402 -6
1,669   1,713 -44
98   101 -3
295   302 -7
590   605 -15
294   302 -8
785   806 -21
196   202 -6
5,010   4,115 895
295   302 -7
197   202 -5
199   202 -3
99   101 -2
298   302 -4
496   504 -8
198   202 -4
397   403 -6
694   705 -11
788   806 -18
393   403 -10
1,179   1,209 -30
195   202 -7
389   403 -14
293   302 -9
98   101 -3
295   302 -7
295   302 -7
198   202 -4
98   101 -3
419   389 30
294   309 -15
883   926 -43
84   78 6
739   771 -32
335   311 24
1,087   1,011 76
296   309 -13
666   694 -28
444   463 -19
370   386 -16
367   386 -19
369   386 -17
83   78 5
82   78 4
990   933 57
74   77 -3
910   856 54
349   345 4
930   921 9
233   230 3
119   115 4
349   345 4
352   345 7
118   115 3
1,184   1,151 33
352   345 7
762   748 14
353   345 8
1,058   1,036 22
1,813   1,784 29
2,659   2,954 -295
73   77 -4
145   154 -9
872   926 -54
348   345 3
1,580   1,554 26
292   288 4
116   115 1
71   77 -6
281   309 -28
280   309 -29
234   313 -79
234   313 -79
312   417 -105
1,858   2,503 -645
848   1,003 -155
195   217 -22
98   109 -11
1,271   1,411 -140
5,076   5,643 -567
973   1,085 -112
3,106   3,472 -366
871   977 -106
208   231 -23
486   540 -54
204   231 -27
880   1,003 -123
541   617 -76
68   77 -9
67   77 -10
267   309 -42
467   540 -73
66   77 -11
195   231 -36
258   309 -51
193   231 -38
65   77 -12
66   77 -11
66   77 -11
329   386 -57
650   771 -121
261   309 -48
110   103 7
2,985   2,738 247
1,546   1,542 4
147   146 1
1,238   1,315 -77
170   176 -6
185   147 38
177   167 10
115   107 8
813   763 50
151   160 -9
248   266 -18
470   379 91
1,246   1,308 -62
659   766 -107
512   595 -83
1,909   1,822 87
1,374   1,282 92
200   202 -2
187   187 0
241   311 -70
501   676 -175
782   739 43
1,268   1,355 -87
759   763 -4
1,277   1,288 -11
312   335 -23
1,079   939 140
445   403 42
1,596   1,611 -15
649   582 67
514   440 74
646   624 22
1,114   850 264
492   433 59
1,179   1,121 58
508   578 -70
1,487   1,675 -188
478   514 -36
3,198   3,638 -440
321   279 42
2,196   1,810 386
716   721 -5
1,847   2,026 -179
2,038   2,075 -37
1,385   1,458 -73
2,298   2,272 26
230   233 -3
290,000   289,734 266
1,677     1,677
125     125
3,202   2,498 704
194   187 7
1,501   1,176 325
2,012   1,785 227
3,381   3,358 23
840   751 89
2,802   2,522 280
2,400   2,281 119
453   466 -13
2,657   3,012 -355
2,528   2,395 133
1,645   1,679 -34
7,064   6,730 334
540   560 -20
2,459   2,281 178
525   520 5
2,248   2,648 -400
1,627   1,617 10
2,675   2,348 327
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       5,734
b       100,610
c       8,566
d       89,093
e       -6,800
      -1,057
      50,652
      75,109
      -72,411
      12,048
      8,937
      982
      46,629
      -7,910
      10,650
      -5,458
      -3,208
      17
      47
      1,227
      -989
      472
      2,067
      -679
      -522
      556
      457
      -181
      -1,845
      -340
      -1,852
      3,004
      1,890
      1,007
      1,604
      86
      -1,530
      224
      489
      290
      -1,219
      1,523
      1,296
      1,309
      149
      615
      1,397
      1,280
      97
      1,817
      1,644
      998
      -1,080
      22
      3,956
      -257
      482
      450
      1,721
      295
      -2,923
      -141
      2,843
      3,636
      804
      -652
      -77
      -16
      -8
      -1
      -16
      -2
      -1
      -3
      432
      -20
      -31
      -110
      -28
      -96
      -15
      -32
      -2
      -1
      -3
      -5
      -10
      -2
      -32
      -3
      -10
      -7
      -25
      -8
      -14
      -13
      -13
      -6
      -15
      -2
      -6
      -44
      -3
      -7
      -15
      -8
      -21
      -6
      895
      -7
      -5
      -3
      -2
      -4
      -8
      -4
      -6
      -11
      -18
      -10
      -30
      -7
      -14
      -9
      -3
      -7
      -7
      -4
      -3
      30
      -15
      -43
      6
      -32
      24
      76
      -13
      -28
      -19
      -16
      -19
      -17
      5
      4
      57
      -3
      54
      4
      9
      3
      4
      4
      7
      3
      33
      7
      14
      8
      22
      29
      -295
      -4
      -9
      -54
      3
      26
      4
      1
      -6
      -28
      -29
      -79
      -79
      -105
      -645
      -155
      -22
      -11
      -140
      -567
      -112
      -366
      -106
      -23
      -54
      -27
      -123
      -76
      -9
      -10
      -42
      -73
      -11
      -36
      -51
      -38
      -12
      -11
      -11
      -57
      -121
      -48
      7
      247
      4
      1
      -77
      -6
      38
      10
      8
      50
      -9
      -18
      91
      -62
      -107
      -83
      87
      92
      -2
      0
      -70
      -175
      43
      -87
      -4
      -11
      -23
      140
      42
      -15
      67
      74
      22
      264
      59
      58
      -70
      -188
      -36
      -440
      42
      386
      -5
      -179
      -37
      -73
      26
      -3
      266
      1,677
      125
      704
      7
      325
      227
      23
      89
      280
      119
      -13
      -355
      133
      -34
      334
      -20
      178
      5
      -400
      10
      327
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 2 338,827
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 826,088 9,383,847 0.088033
2013 584,576 9,633,492 0.060682
2012 189,076 5,063,729 0.037339
2011 0    
2010      
2
Total of line 1, column (d) .....................
20.186054
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
0.046514
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
8,701,602
5
Multiply line 4 by line 3......................
5
404,746
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,861
7
Add lines 5 and 6........................
7
408,607
8
Enter qualifying distributions from Part XII, line 4.............
8
353,925
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 7,721
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 7,721
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 7,721
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 4,694
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 4,694
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 3,027
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (631) 444-7126

    Located atbullet248 ROUTE 25A SUITE 9EAST SETAUKETNY ZIP+4bullet11733
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    SCOTT S CHEN PRESIDENT
    5.00     		0 0 0
    248 ROUTE 25A SUITE 9
    EAST SETAUKET,NY11733
    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
    NONE
    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
    7,720,639
    b
    Average of monthly cash balances.......................
    1b
    1,113,475
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,834,114
    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
    8,834,114
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    132,512
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,701,602
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    435,080
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    435,080
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    7,721
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,721
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    427,359
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    427,359
    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
    427,359
    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
    353,925
    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
    353,925
    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
    353,925
    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 7 427,359
    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......  
    c From 2012......  
    d From 2013...... 39,655
    e From 2014...... 360,054
    fTotal of lines 3a through e........ 399,709
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 353,925
    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..... 353,925
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 73,434 73,434
    (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 5 326,275
    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 ......     		326,275
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014.... 326,275
    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).)
    SCOTT S CHEN
    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
    BIBLICAL SEMINARY OF THE PHILIPPINES
    77-B KARUHATAN ROAD
      VALENZUELA CITY  
    RP     		NONE FOREIGN ORGANIZATION THEOLOGICAL EDUCATION AND EVANGELISM 86,000
    CHINA EVANGELICAL SEMINARY
    101 TING CHOU ROAD SEC 3
      TAIPEI  
    TW     		NONE FOREIGN ORGANIZATION THE MISSION PROGRAM AND FACULTY DEVELOPMENT PROGRAM 110,000
    ASIAN CHURCH
    AVAILABLE UPON REQUEST
    SEE STATEMENT ATTACHED    
    OC     		NONE FOREIGN ORGANIZATION THEOLOGICAL EDUCATION AND EVANGELISM 19,000
    BETHANY INTERNATIONAL
    6820 AUTO CLUB ROAD
    BLOOMINGTON,MN55438     		NONE PUBLIC CHARITY THEOLOGICAL EDUCATION AND EVANGELISM 88,925
    VISION TEAM INTERNATIONAL USA INC
    PO BOX 2072
    LOMITA,CA90717     		NONE PUBLIC CHARITY THEOLOGICAL EDUCATION AND EVANGELISM 50,000
    Total .................................bullet 3a 353,925
    bApproved for future payment
    Total .................................bullet 3b 0
    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 14  
    4 Dividends and interest from securities....     14 71,750  
    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 ............     		    18 338,827  
    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).. 0 410,591 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13410,591
    (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:
    CHERITH FOUNDATION INC
    EIN:
    45-3126397
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 3,300 0   0

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

    TY 2015 ExpenditureResponsibilityStmt
    Name:
    CHERITH FOUNDATION INC
    EIN:
    45-3126397
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    ASIAN CHURCH
          		AVAILABLE UPON REQUEST
    SEE ATTACHED    
    OC     		2015-11-02 19,000 THEOLOGICAL EDUCATION AND EVANGELISM 19,000 NO 9/20/2011, 4/1/2012, 1/3/2013, 5/1/2013, 9/16/2014, 07/15/2015, 06/05/2016   SATISFACTORY
    BIBLICAL SEMINARY OF THE PHILIPPINES
          		77-B KARUHATAN ROAD
    VALENZUELA    
    RP     		2015-10-21 86,000 THEOLOGICAL EDUCATION AND EVANGELISM 0 NO 7/10/2014, 08/10/2015   SATISFACTORY
    CHINA EVANGELICAL SEMINARY
          		101 TING CHOU ROAD SEC 3
    TAIPEI    
    TW     		2015-10-23 110,000 THEOLOGICAL EDUCATION AND EVANGELISM 0 NO 06/20/2014, 7/31/2015   SATISFACTORY

    TY 2015 GeneralExplanationAttachment
    Name:
    CHERITH FOUNDATION INC
    EIN:
    45-3126397
    Identifier Return Reference Explanation
      FORM 990-PF PART XV LINE 3A ADDRESS OF FOREIGN DONEE ORGANIZATIONTHE DIRECTORS HAVE ELECTED TO MAKE THE ADDRESS OF THE DONEE AVAILABLE UPON REQUEST, OUT OF CONCERN FOR THE SAFETY AND WELL-BEING OF THE DONEE'S STAFF AND RELATED PERSONS. THE DIRECTORS BELEIVE THAT DISCLOSURE OF SUCH INFORMATION MAY CAUSE THE DONEE AND ITS PERSONNEL TO BECOME TARGETS FOR POSSIBLE REPRISALS (INCLUDING PHYSICAL HARM) FROM PERSONS AND AUTHORITIES WHO DISAGREE WITH THE PROGRAMS BEING CARRIED OUT BY THE DONEE.

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    CHERITH FOUNDATION INC
    EIN:
    45-3126397
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 8,836 9,064
    ACCENTURE PLC-CL A 8,266 9,196
    ACE LTD 10,006 11,101
    ALTRIA GROUP INC 28,582 32,830
    ANALOG DEVICES INC 8,746 8,409
    ARTHUR J GALLAGHER & CO 7,947 6,960
    AUTOMATIC DATA PROCESSING 11,613 11,607
    BB&T CORP 15,206 14,897
    BRISTON-MYERS SQUIBB CO 10,161 10,662
    CHEVRON CORP 10,606 9,352
    CINCINNATI FINANCIAL CORP 8,101 9,053
    CINEMARK HOLDINGS INC 5,065 3,811
    CME GROUP INC 24,063 23,012
    CMS ENERGY CORP 10,399 10,896
    COCA-COLA CO 20,377 21,738
    COCA-COLA ENTERPRISES 6,287 7,041
    COLUMBIA PIPELINE GROUP 10,141 7,200
    COMCAST CORP-CLASS A 6,277 6,151
    CONOCOPHILLIPS 11,770 8,871
    CULLEN FOREST BANKERS INC 2,450 2,220
    DTE ENERGY COMPANY 4,101 4,090
    EDISON INTERNATIONAL 10,653 10,184
    ELI LILLY & CO 19,374 19,633
    EXXON MOBIL CORP 25,879 24,165
    FIDELTIY NATIONAL INFO SERV 11,150 10,060
    HERSHEY CO 10,084 8,838
    HOME DEPOT INC 25,095 29,095
    HONEYWELL INTERNATIONAL INC 22,507 22,682
    ILLINOIS TOOL WORKS 20,030 19,185
    JOHNSON & JOHNSON 25,593 26,091
    KIMBERLY-CLARK CORP 9,322 10,693
    KLA-TENCOR CORP 15,425 16,367
    L BRANDS INC 13,689 14,181
    M&T BANK CORP 10,863 10,785
    MARATHON PETROLEUM CORP 8,028 8,243
    MERCK & CO INC. 29,983 27,361
    METLIFE INC 16,265 15,042
    MIRCOSOFT CORP 24,090 31,956
    MONDELEZ INTERNATION INC 12,354 15,649
    NISOURCE INC 5,680 7,024
    NORTHERN TRUST CORP 11,791 12,255
    OCCIDENTAL PETROLEUM CORP 26,078 24,137
    PFIZER INC 32,911 30,860
    PNC FINANCIAL SERVICING GROUP 20,436 21,159
    PPG INDUSTRIES INC 7,719 6,917
    PROCTER & GAMBEL CO 19,636 18,979
    SNAP-ON INC 6,780 8,057
    T ROWE PRICE GROUP 16,267 15,656
    TEXAS INSTRUMENTS INC 16,204 15,840
    TIME WARNER INC 19,565 14,874
    TRAVELERS COS INC 27,122 28,554
    IS BANCORP 20,266 20,055
    VALIDUS HOLDINGS LTD 2,083 2,315
    VERIZON COMMUNICATIONS INC 21,620 20,568
    VF CORP 11,168 10,396
    WELLS FARGO & CO 35,762 35,878
    XCEL ENERGY INC 8,708 9,193
    3M CO 20,934 19,282
    DR PEPPER SNAPPLE GROUP INC 8,192 9,786

    TY 2015 InvestmentsOtherSchedule2
    Name:
    CHERITH FOUNDATION INC
    EIN:
    45-3126397
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES RUSSELL MIDCAP INDEX FUND FMV 398,912 368,414
    GLOBAL ACCESS HEDGE FUND LTD FMV 2,000,000 2,041,698
    SPDR S&P 500 EFT TRUST FMV 597,018 581,030
    GS GLOBAL OPPORTUNITIES FUND FMV 1,500,000 1,474,808
    ISHA CURR HEDGED MSCI EAFE FMV 299,296 273,050
    BNP MARKET PLUS SX5E 9/14/16 FMV 275,000 253,125
    SF REN SX5E 3/30/16 FMV 275,000 252,587
    JPM DELTA ONE JPNK400 3/30/16 FMV 100,000 97,640
    ISHARES MSCI ALL COUNTRY ASI FMV 199,585 169,043
    ATLAS GLOBAL INVESTMENTS FMV 250,000 253,553
    MKP CREDIT OFFSHORE, LTD CL B FMV 250,000 232,292
    OCH-ZIFF OZOFII PRIVATE INVESTORS FMV 500,000 477,599
    OOWL CREEK OVERSEAS FUND, LTD FMV 250,000 226,746

    TY 2015 LegalFeesSchedule
    Name:
    CHERITH FOUNDATION INC
    EIN:
    45-3126397
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,110 0   0


    TY 2015 OtherAssetsSchedule
    Name:
    CHERITH FOUNDATION INC
    EIN:
    45-3126397
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ORIGINATION FEES   25,000 0


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    CHERITH FOUNDATION INC
    EIN:
    45-3126397
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 24,510 24,510   0


    TY 2015 TaxesSchedule
    Name:
    CHERITH FOUNDATION INC
    EIN:
    45-3126397
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 12 12   0