TY 2015 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	290,400
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	22	22	22
4	Dividends and interest from securities...	109,993	109,993	109,993
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		62,063
b	Gross sales price for all assets on line 6a 1,305,159
7	Capital gain net income (from Part IV, line 2)...		62,063
8	Net short-term capital gain.........			0
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).......		11,001	0	0
12	Total. Add lines 1 through 11........	473,479	172,078	110,015
	13	Compensation of officers, directors, trustees, etc.	0	0	0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		5,335	2,667	2,667	2,668
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,258	1,258	1,258	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		15,400	7,992	7,992	7,408
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	21,993	11,917	11,917	10,076
25	Contributions, gifts, grants paid.......	222,500			222,500
26	Total expenses and disbursements. Add lines 24 and 25	244,493	11,917	11,917	232,576
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	228,986
b	Net investment income (if negative, enter -0-)		160,161
c	Adjusted net income (if negative, enter -0-)...			98,098

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	2,314	2,970	2,970
	2	Savings and temporary cash investments.........	318,828	622,317	622,317
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	2,125,329	2,050,225	2,359,470
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,038,814	2,038,814	1,955,349
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	4,731	4,911	4,911
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,490,016	4,719,237	4,945,017
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	0	0
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	4,490,016	4,719,237
	30	Total net assets or fund balances (see instructions).....	4,490,016	4,719,237
	31	Total liabilities and net assets/fund balances (see instructions).	4,490,016	4,719,237

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

4,490,016

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

228,986

Other increases not included in line 2 (itemize) bullet

235

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

4,719,237

Decreases not included in line 2 (itemize) bullet

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

4,719,237

(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
1 a	Publicly Traded Securities - Short Term
b	Publicly Traded Securities - Long Term
c	Capital Gains Dividends	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	547,996	560,000	-12,004
b	732,391	683,096	49,295
c	24,772		24,772
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-12,004
b			49,295
c			24,772
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	62,063
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	-12,004

(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	219,202	4,797,721	0.045689
2013	207,917	3,980,505	0.052234
2012	184,525	3,685,879	0.050063
2011	141,500	3,675,965	0.038493
2010	65,380	3,575,952	0.018283

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

20.204762

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.040952

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

4,841,900

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

198,285

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

1,602

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

199,887

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

232,576

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.

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,602
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	1,602
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	1,602
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	3,600
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	3,600
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,998
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax1,998	Refunded	11	0

(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
JOHN M SABOL	PRESIDENT AND TREASURER 0.00	0	0	0
3100 W COMMODORE WAY 208 SEATTLE,WA981991117
NANCY A SABOL	VICE PRESIDENT AND SEC'Y 0.00	0	0	0
3100 W COMMODORE WAY 208 SEATTLE,WA981991117

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

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

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					240,493
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......	7,063
d From 2013......	26,610
e From 2014......
fTotal of lines 3a through e........		33,673
4Qualifying distributions for 2015 from Part
XII, line 4: $ 232,576
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.....					232,576
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		7,917			7,917
(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		25,756
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 ......		25,756
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....	25,756
d Excess from 2014....
e Excess from 2015....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

JOHN M SABOL

NANCY A SABOL

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:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHILD CARE RESOURCES 1225 S WELLER - STE 300 SEATTLE,WA98144	NONE	501 (C) 3	CHARITABLE	15,000
DOWNTOWN EMERGENCY SERVICE CENTER 515 THIRD AVE SEATTLE,WA98104	NONE	501 (C) 3	CHARITABLE	5,000
FREE THE CHILDREN INTERNATIONAL 233 CARLTON ST EAST TORONTO,ONTARIOM54 2L2 CA	NONE	501 (C) 3	CHARITABLE	25,000
FUSE INNOVATION FUND 1402 THIRD AVENUE - STE 310 SEATTLE,WA98101	NONE	501 (C) 3	CHARITABLE	25,000
Partners Asia 1999 Harrison Street 18th Floor Oakland,CA94612	NONE	501 (C) 3	Charitable	2,500
PEPS - PROGRAM FOR EARLY PARENT SUPPORT 4649 SUNNYSIDE AVE N 324 SEATTLE,WA98103	NONE	501 (C) 3	CHARITABLE	5,000
PSESD Learning Communities Foundation 800 Oakesdale Ave SW Renton,WA98057	NONE	501 (C) 3	College Access Network	30,000
SEATTLE CHILDREN'S HOSPITAL FOUNDATION M/S S-200 P O BOX 5371 SEATTLE,WA951455005	NONE	501 (C) 3	CENTER FOR INTEGRATIVE BRAIN RESEARCH	5,000
SOCIAL VENTURE PARTNERS 220 SECOND AVE S - STE 300 SEATTLE,WA98104	NONE	501 (C) 3	CHARITABLE	15,000
THE BUCKLEY SCHOOL 3900 STANSBURY AVENUE SHERMAN OAKS,CA91423	NONE	501 (C) 3	PROFESSIONAL DEVELOPMENT	35,000
United Way of King County 720 Second Avenue Seattle,WA98104	NONE	501 (C) 3	Parent-Child Home Program	10,000
WA ASS'N FOR INFANT MENTAL HEALTH 225 14TH AVE EAST SEATTLE,WA98112	NONE	501 (C) 3	CHARITABLE	10,000
Washington Early Learning Fund DBA Thrive Washington 1113 3RD AVE 201 SEATTLE,WA98101	NONE	501 (C) 3	CHARITABLE	10,000
WASHINGTON PROGRESS FUND - PROGRESS ALLIANCE OF WA 1402 THIRD AVENUE - STE 201 SEATTLE,WA98101	NONE	501 (C) 3	CHARITABLE	10,000
Youth Ambassadors 330 Randolph Avenue Seattle,WA98122	NONE	501 (C) 3	Charitable	20,000
Total ................................. 3a				222,500

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

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	22
4 Dividends and interest from securities....			14	109,993
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	62,063
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aExcise tax refund			01	11,001
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		183,079	0

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

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

Name of organization John and Nancy Sabol Foundation

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	John and Nancy Sabol 3100 W Commodore Way 208 Seattle, WA981991117	$ 290,400	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)


(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...................				0

bApproved for future payment

Total ................................. 3b				0

Name of organization John and Nancy Sabol Foundation		Employer identification number 91-2061780

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)


Name of organization John and Nancy Sabol Foundation			Employer identification number 91-2061780
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
9639.22 Diamond Hill Large Cap	157,959	207,725
3652.97 Harbor S/C Grow Opport - Inst	40,000	37,114
1391.46 Longleaf Partners Small Cap	31,412	37,542
2094.97 PIMCO Commodity RR Strat Ins	15,000	13,219
1219.51 Tortoise MLP & Pipeline	22,992	12,280
4379.95 Vanguard Growth Index Fund	155,192	239,890
14576.27 Vanguard Large Cap Index Fund	449,426	688,437
738 Wisdomtree Emerging Mkt	32,776	25,874
510 Wisdomtree Intl S/C Dvd Fund	31,365	29,631
36240 Driehaus Active Income Fund	382,744	360,588
2950.90 Driehaus Inter Small Cap Growth	24,675	29,745
1971.51 Eaton Vance Para TX MGD Emg Mid Inst	61,482	74,917
13902.51 Johon International Sel	253,000	245,271
4176.47 Northern Global RE Index	42,600	40,345
3399.77 Tortoise Select Opport - Inst	29,000	26,960
10788.69 Tweedy Browne Global Value Fund	290,000	263,891
2375.99 William Blair Emg Mkts Growth	30,602	26,041

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
45,280.66 BlackRock Strat Inc Opp-Ins	AT COST	457,500	442,392
84,408.45 Metropolitan West	AT COST	924,698	896,418
12964.68 PIMCO Floating Income Fund	AT COST	114,100	100,995
27259.60 Ridgeworth Seix Floating	AT COST	246,300	225,164
28357.41 William Blair Bond	AT COST	296,216	290,380

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TRUST AGENCY ADVISOR & MGMT FEES	14,765	7,382	7,382	7,383
TRUST AGENCY CUSTODY FEES	600	600	600	0
WA STATE FILING FEES	35	10	10	25

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