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
CARL & ROBERTA DEUTSCH FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2444 WILSHIRE BLVD No 600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA MONICA, CA90403
A Employer identification number

95-4610378
B Telephone number (see instructions)

(310) 453-0055
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$117,936,411J 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      
4 Dividends and interest from securities... 2,716,431 2,716,431  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,416,521
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 5,590,955
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 34,090 1,915,162  
12 Total. Add lines 1 through 11........ 7,167,042 10,222,548  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 191,382 0   191,382
15 Pension plans, employee benefits....... 16,453 0   16,453
16a Legal fees (attach schedule)......... Click to see attachment 54,796 0   54,796
b Accounting fees (attach schedule)....... Click to see attachment 197,224 0   197,224
c Other professional fees (attach schedule).... Click to see attachment 705,272 394,040   311,232
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...   14,105    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 11,273 0   11,273
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 84,450 463,183   84,450
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,260,850 871,328   866,810
25 Contributions, gifts, grants paid....... 5,581,785 5,581,785
26 Total expenses and disbursements. Add lines 24 and 25 6,842,635 871,328   6,448,595
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 324,407
b Net investment income (if negative, enter -0-) 9,351,220
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.............      
2 Savings and temporary cash investments......... 153,096 11,780 11,780
3 Accounts receivable bullet82,321
Less: allowance for doubtful accounts bullet   59,520 82,321 82,321
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).......      
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).......... 126,065,645 Click to see attachment117,842,310 117,842,310
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) 126,278,261 117,936,411 117,936,411
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment404,957 Click to see attachment228,917
23 Total liabilities (add lines 17 through 22)......... 404,957 228,917
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 125,873,304 117,707,494
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 125,873,304 117,707,494
31 Total liabilities and net assets/fund balances (see instructions). 126,278,261 117,936,411
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
125,873,304
2
Enter amount from Part I, line 27a .....................
2
324,407
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
126,197,711
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,490,217
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
117,707,494
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 CAPITAL GAINS FROM PARTNERSHIPS P    
b CAPITAL GAINS FROM PUBLICLY TRADED SECURITES P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a       1,174,434
b       4,416,521
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,174,434
b       4,416,521
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 5,590,955
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 6,346,569 126,197,861 0.050291
2013 6,100,199 117,023,948 0.052128
2012 5,523,533 107,193,438 0.051529
2011 4,980,830 110,498,859 0.045076
2010 4,010,287 101,367,706 0.039562
2
Total of line 1, column (d) .....................
20.238586
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
0.047717
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
122,771,195
5
Multiply line 4 by line 3......................
5
5,858,273
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
93,512
7
Add lines 5 and 6........................
7
5,951,785
8
Enter qualifying distributions from Part XII, line 4.............
8
6,448,595
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 93,512
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 93,512
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 93,512
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 103,088
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 153,088
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 141
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 59,435
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet59,435 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWilliam Holler Telephone no.bullet (310) 453-0055

    Located atbullet2444 Wilshire Blvd Suite 600SANTA MONICACA ZIP+4bullet90403
    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
    CARL DEUTSCH PRESIDENT
    1.00     		0 0 0
    2444 WILSHIRE BLVD SUITE 600
    SANTA MONICA,CA90403
    WILLIAM E HOLLER VP/SEC/TREAS
    1.00     		0 0 0
    2444 WILSHIRE BLVD SUITE 600
    SANTA MONCIA,CA90403
    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
    JMC Philanthropic Advisors CONSULTING 180,000
    2444 Wilshire Boulevard SUITE 622
    Santa Monica,CA90403
    DELOITTE & TOUCHE LLP PROFESSIONAL FEES 95,525
    555 W 5TH STREET SUITE 2700
    LOS ANGELES,CA90013
    DELOITTE TAX LLP PROFESSIONAL FEES 79,625
    555 W 5TH STREET SUITE 2700
    LOS ANGELES,CA90013
    BLUE GARNETT CONSULTING 61,180
    8055 WEST MANCHESTER AVENUE SUITE
    430
    LOS ANGELES,CA90293
    LOEB & LOEB llp PROFESSIONAL FEES 54,796
    10100 SANTA MONICA BOULEVARD SUITE
    2200
    LOS ANGELES,CA90067
    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
    124,576,292
    b
    Average of monthly cash balances.......................
    1b
    64,515
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    124,640,807
    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
    124,640,807
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,869,612
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    122,771,195
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,138,560
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    6,138,560
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    93,512
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    93,512
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,045,048
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,045,048
    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
    6,045,048
    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
    6,448,595
    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
    6,448,595
    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
    93,512
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,355,083
    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 6,045,048
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 4,521,535
    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......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 6,448,595
    a Applied to 2014, but not more than line 2a 4,521,535
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 1,927,060
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (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 0
    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 ..........     		4,117,988
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    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).)
    CARL DEUTSCH
    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
    24th Street Theatre Company
    1117 WEST 24th StREET
    Los Angeles,CA90007     		None PC Welfare 40,000
    Advancement Project
    1545 Wilshire BOULEVARD 800
    Los Angeles,CA90017     		None PC Welfare 5,000
    Alliance for Children's Right
    3333 wilshire Boulevard 550
    Los Angeles,CA90010     		None PC Education 100,000
    Asian Pacific Community Fund Of SOUTHERN CALIFORNIA
    1145 Wilshire Boulevard Suite 105
    Los Angeles,CA90017     		None PC Welfare 250
    ASSistance League of LOS ANGELES
    826 COLE AVENUE
    LOS ANGELES,CA90038     		None PC SOCIAL SERVICES 1,000
    Assistance League of Palm Springs Area
    PO Box 3056
    Rancho Mirage,CA92270     		None PC Social Services 10,000
    Audubon Society of Portland
    5151 NW Cornell Road
    Porland,OR97210     		None PC Environmental Protection 10,000
    Beyond Toxics
    PO Box 1106
    Eugene,OR97440     		None PC Environmental Protection 2,000
    Bright Prospect Scholar Support
    1460 East Holt Avenue
    Pomona,CA91767     		None PC Youth Development 110,000
    California Community Foundation
    221 South Figueroa Street Suite 400
    Los Angeles,CA90012     		None PC Community Improvement 215,000
    California Wildlife Center
    PO Box 2022
    Malibu,CA90265     		None PC Welfare 10,000
    CASA of Los Angeles
    201 Centre Plaza Drive Room 1100
    Montery Park,CA91754     		None PC Human Services 100,000
    Center for Food Safety
    660 Pennsylvania Avenue SE SuiTE
    302
    Washington,DC20003     		None PC HUMAN SERVICES 2,500
    CENTER FOR NON-VIOLENT EDUCATION & PARENTING
    1000 SUNSET BouLeVarD 201
    LOS ANGELES,CA90012     		None PC EDUCATION 50,000
    Center for Study of Responsive Law
    PO Box 19367
    Washington,DC20036     		None PC Consumer Protection and Saftey 10,000
    Center for the Pacific Asian Family
    543 North Fairfax Avenue
    Los Angeles,CA90036     		None PC Human Services 3,000
    CENTER FOR THE PARTIALLY SIGHTED
    6101 West CENTINELA AVEnue
    CULVER CITY,CA90230     		None PC human service 63,364
    CENTRAL AMERICAN RESOURCE CENTER
    2845 WEST SEVENTH STREET
    LOS ANGELES,CA90005     		None PC SOCIAL AND CIVIC SERVICES 25,000
    Children's Bureau
    1575 Dr Martin Luther King Jr
    StREET
    Indianapolis,IN46202     		None PC Human Services 100,000
    CHILDREN'S INSTITUTE
    2121 WEST TEMPLE STREET
    LOS Angeles,CA90026     		None PC WELFARE 100,000
    Chrysalis Center
    522 SOUTH MAIN STREET
    LOS Angeles,CA90013     		None PC Human Services 85,000
    City Of Hope
    1055 Wilshire BOUlEvARd
    Los Angeles,CA90017     		None PC Health 10,000
    Community Partners
    1000 NORTH Alameda STREET 240
    Los Angeles,CA90012     		None PC Welfare 80,000
    DOWNTOWN WOMENS CENTER
    442 SOUTH SAN PEDRO STREET
    LOS ANgeles,CA90013     		None PC WELFARE 75,000
    Esperanza Community Housing Corp
    2337 SOUTH Figueroa Street
    Los Angeles,CA90007     		None PC Social Services 102,921
    ETM-LA
    847 NORTH Hollywood Way 206
    Burbank,CA91505     		None PC Social Services 45,000
    Everychild Foundation
    P O Box 1808
    Pacific Palisades,CA90272     		None PC Education 10,000
    Exceptional Children's Foundation
    8740 Washington BOULEVARD
    Culver City,CA90232     		None PC Welfare 35,000
    Exotic Bird Rescue
    PO Box 14863
    Portland,OR97293     		None PC Animal Services 1,000
    First Place for Youth
    426 17th Street Suite 100
    Oakland,CA94612     		None PC Social Services 30,000
    FOOD FORWARD
    7412 FULTON AVENUE 3
    NORTH HOLLYWOOD,CA91605     		None PC SOCIAL SERVICES 40,000
    FORD THEATRE FOUNDATION
    2580 CAHUENGA BOULEVARD EAST
    HOLLYWOOD,CA90068     		NONe PC WELFARE 75,000
    Freedom of Press Foundation
    222 sutter StREET SUIte 600
    San Francisco,CA94108     		None PC Human Services 2,000
    Friends of Cabrillo Marine Aquarium
    3720 Stephen White Way
    San Pedro,CA90731     		None PC Welfare 10,000
    FRIENDS OF EXPO CENTER
    3980 BILL ROBERTSON LANE SUITE 203
    LOS ANGELES,CA90037     		NONe PC COMMUNITY PROGRAMS 10,000
    Gabriella Foundation
    639 SOUTH Commonwealth AveNUE Suite
    B
    Los Angeles,CA90005     		None PC Youth Development 105,000
    GARDEN CONSERVANCY
    PO BOX 219
    COLD SPRING,NY10516     		NONe PC EDUCATION 25,000
    Goodwill Industries Of Southern California
    342 NORTH San Fernando Road
    Los Angeles,CA90031     		None PC Welfare 85,000
    Hathaway-Sycamores Child & Family Service
    210 SOUTH DeLacey AveNUE 110
    Pasadena,CA91105     		None PC Social Services 110,000
    Healing Reins Therapeutic Riding Center
    PO Box 5593
    Bend,OR97708     		None PC General and Rehabilitative 5,000
    Hillsides
    940 Avenue 64
    Pasadena,CA91105     		None PC Social Services 100,000
    Homeboy Industries
    1916 EAST First Street
    Los Angeles,CA90033     		None PC Social Services 100,000
    Imagine Los Angeles
    5455 Wilshire BOUlEvARd Suite 1001
    Los Angeles,CA90036     		None PC Human Services 40,000
    In Defense of Animals
    3010 Kerner BOUlEvARd
    San Rafael,CA94901     		None PC Animal Welfare 5,000
    INLAND EMPIRE (SAN BERNARDINO) SYMPHONY ORCHESTRA
    198 NORTH ARROWHEAD AVENUE SUITE
    2-B
    SAN BERNARDINO,CA92408     		NONe PC ARTS 25,000
    Inner City Arts
    720 Kohler StREET
    Los Angeles,CA90021     		None PC Education 50,000
    International Medical Corps
    1919 Santa Monica Boulevard
    Santa Monica,CA90404     		None PC Health 25,000
    Jewish Free Loan Association
    6505 Wilshire BOULEVARD 715
    Los Angeles,CA90048     		None PC Social Services 5,000
    Jewish Homes for Aging of Great Washington DC
    12320 Parklawn DrIVE
    Rockville,MD20852     		None PC Social Service 40,000
    Jewish Vocational Service
    6505 Wilshire BOUlEvARd Suite 200
    Los Angeles,CA90048     		None PC Education 100,000
    JONSSON CANCER CENTER FOUNDATION
    8-950 Factor Building Box 951780
    Los Angeles,CA90095     		None PC Health 100,000
    Jovenes
    1208 Pleasant AveNUE
    Los Angeles,CA90033     		None PC Human Services 90,000
    JUNIOR BLIND OF AMERICA
    5300 ANGELES VISTA BOULEVARD
    LOS ANGELES,CA90043     		None PC SOCIAL SERVICES 30,000
    Kayamanan Ng Lahi Philipine Folk Art
    1338 Braddock drive
    Culver City,CA90230     		None PC Welfare 750
    KOREATOWN YOUTH AND COMMUNITY CENTER
    3727 WEST Sixth Street
    Los Angeles,CA90020     		None PC Welfare 64,000
    Learn to Be Foundation
    1268 NORTH Lakeview AveNUE Suite
    201
    Anaheim,CA92807     		None PC Educational Services 5,000
    Long Beach Day Nursery
    1548 Chestnut AveNUE
    Long Beach,CA90813     		None PC Educational 80,000
    LOS ANGELES ALLIANCE FOR A NEW ECONOMY
    464 LUCAS AVENUE 202
    LOS ANGELES,CA90017     		None PC COMMUNITY PROGRAMS 35,000
    LOS ANGELES LGBT CENTER
    1625 SCHRADER BOULEVARD
    LOS ANGELES,CA90028     		None PC WELFARE 100,000
    Los Angeles Youth Network
    1754 Taft Street
    Los Angeles,CA90028     		None PC Early Education 100,000
    Lutheran Social Service of SOUTHERN CALIFORNIA
    2560 NORTH Santiago BOULEVARD
    Orange,CA92867     		None PC Religious 18,000
    Medicine For Humanity
    22866 Beckledge Terrace
    Malibu,CA90265     		None PC Education 4,000
    Mother's Club Family Learning Center
    980 NORTH Fair Oaks AveNUE
    Pasadena,CA91103     		None PC Social Service 60,000
    My Sister My Friend Breast Cancer Support
    4000 Long Beach BOULEVARD SUITE 214
    Long Beach,CA90807     		None PC Human Services 5,000
    Nami-Westside LA
    941 West Wood BOULEVARD
    Los Angeles,CA90024     		None PC Mental Health 17,000
    Nature Bridge
    11741 Wheatfield Loop
    Hudson,FL34667     		None PC Social Service 13,300
    New Directions
    11303 Wilshire BOUlEvARd BUIldINg
    116
    Los Angeles,CA90073     		None PC Welfare 75,000
    NORTHRIDGE HOSPITAL FOUNDATION
    18300 ROSCOE BOULEVARD
    NORTHRIDGE,CA91328     		None SO I HEALTH 100,000
    OCEAN PARK COMMUNITY CENTER
    1453 16TH STREET
    SANTA MONICA,CA90404     		None PC WELFARE 150,000
    Old Town Artisan Studio
    78-100 Main Street 104
    La quinta,CA92253     		None PC Education 15,000
    ONE HOUSE OF PEACE
    PO BOX 14351
    PORTLAND,OR97293     		None PC SOCIAL SERVICE 5,000
    ONE IN LONG BEACH
    2017 EAST FOURTH STREET
    LONg Beach,CA90814     		None PC EDUCATION 25,000
    One Voice
    1228 15th StREET SUIte C
    Santa Monica,CA90404     		None PC Human Services 70,000
    Oregon Environmental Council
    222 NW Davis 309
    Portland,OR97209     		None PC Social Service 2,500
    Orlo Foundation
    810 SE Belmont STREET STUDIO 5
    Portland,OR97214     		None PC Environmental 2,200
    Pacific Clinics
    800 SOUTH Santa Anita AveNUE
    Arcadia,CA91006     		None PC Welfare 100,000
    Pacific Legal Foundation
    555 Capital Mall Suite 350
    Sacramento,CA95814     		None PC Education 50,000
    People Assisting The Homeless
    340 North Madison Avenue
    Los Angeles,CA90004     		None PC Welfare 75,000
    PEPPERDINE UNIVERSITY
    24255 PACIFIC COAST HIGHWAY
    MALIBU,CA90263     		None PC EDUCATION AND SOCIAL WELFARE 5,000
    Portland Piano International
    PO Box 6469
    Portland,OR97228     		None PC Social Service 2,500
    Professional Dancer Society
    PO Box 15605
    Beverly Hills,CA90209     		None PC Welfare 8,500
    Project Motivate
    PO Box FN
    Garden Grove,CA92842     		None PC Youth Development 5,000
    Public Counsel
    610 South Ardmore AveNUE
    Los Angeles,CA90005     		None PC Health 90,000
    Rape Foundation
    1223 Wilshire BOULEVARD 410
    Santa Monica,CA90403     		None PC Social Welfare 210,000
    Salvation Army
    906 South Francisco Street
    Los Angeles,CA90071     		None PC Social Welfare 100,000
    SANTA CLARITA VALLEY COMMITTEE
    22900 MARKET STREET
    NEWHALL,CA91321     		None PC SOCIAL WELFARE 1,000
    Share
    PO Box 1342
    Beverly Hills,CA90213     		None PC Education 50,000
    SKID ROW HOUSING TRUST
    1317 EAST SEVENTH STREET
    LOS Angeles,CA90021     		None PC SOCIAL WELFARE 60,000
    SOUTHERN CALIFORNIA FOSTER FAMILY AGENCY
    155 NORTH Occidental BOULEVARD
    LOS Angeles,CA90026     		NOne PC WELFARE 30,000
    Southern California Public Radio
    474 SOUTH Raymond Avenue
    Pasadena,CA91105     		None PC Communication 65,000
    St Anne's Maternity Home
    155 NORTH Occidental BOULEVARD
    Los Angeles,CA90026     		None PC Welfare 168,000
    ST JOHN'S HOSPITAL HEALTH CENTER
    3075 NW 35TH AVENUE
    LAUD LAKES,FL33311     		None PC MEDICAL 50,000
    ST JOSEPH CENTER
    204 HAMPTON DRIVE
    VEnice,CA90291     		None PC WELFARE 75,000
    Steinway Society of Riverside County
    PO Box 3015
    Rancho Mirage,CA92270     		None PC Education 10,000
    UC Regents
    10945 La conte Ave 3132
    Los Angeles,CA90095     		None PC Education 60,000
    UCLA Foundation
    PO Box 951784
    Los Angeles,CA90096     		None PC Health 145,000
    United States Veterans Initiative
    800 WEST 6th Street
    Los Angeles,CA90017     		None PC Welfare 100,000
    United Way
    1150 SOUTH Olive Street T500
    Los Angeles,CA90015     		None PC Human Services 100,000
    Unusual Suspects Theatre Company
    617 SOUTH Olive Street Suite 812
    Los Angeles,CA90014     		None PC Health 50,000
    VALLEY FAMILY CENTER
    302 SOUTH BRAND BOULEVARD
    SAN FERNANDO,CA91340     		None PC EDUCATION 25,000
    Venice Family Clinic
    604 Rose Avenue
    Venice,CA90291     		None PC Medical 100,000
    Weston A Price Foundation
    4200 Wisconsin AveNUE NW
    Washington,DC20016     		None PC Nutrition 2,000
    Westside Infant-Family Network
    5721 WEST Slauson AveNUE SUIte 200
    Culver city,CA90230     		None PC Mental Health 105,000
    Wildwood School
    12201 Washington place
    Los Angeles,CA90066     		None PC Education 60,000
    Wooden Floor for Youth Movement
    1810 NORTH Main Street
    Santa Ana,CA92706     		None PC Social Welfare 75,000
    ZERO TO THREE-WESTERN OFFICE
    1255 23RD STREET NW SUITE 350
    WASHINGTON,DC20037     		None PC SOCIAL SERVICE 50,000
    Total .................................bullet 3a 5,581,785
    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 ...........     		         
    4 Dividends and interest from securities....     14 2,716,431  
    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 4,416,521  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aDEFERRED TAX     		    01 34,090  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 7,167,042 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    137,167,042
    (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:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 197,224 0   197,224

    TY 2015 AppliedToPriorYearElection
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Election:
    PURSUANT TO CODE SECTION 4942(H)(2) AND REG. SEC. 53.4942(A)-3(D)(2), THE CARL AND ROBERTA DEUTSCH FOUNDATION ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS COMING FROM PRIOR YEAR'S UNDISTRIBUTED INCOME AS FOLLOWS:12/31/2010: $17,400AUTHORIZED SIGNATURE

    TY 2015 GeneralExplanationAttachment
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Identifier Return Reference Explanation
      PART VII-B, QUESTION 1(A)(3) AELD, INC., A RELATED PARTY TO THE FOUNDATION, DONATED OFFICE SPACE AND ADMINISTRATIVE SERVICES IN THE AMOUNT OF $87,790 TO THE CARL & ROBERTA DEUTSCH FOUNDATION DURING 2015 AT NO CHARGE. THIS IS AN EXCEPTED ACT OF SELF-DEALING UNDER IRC SECTION 4941(D)(2)(C).
      TANGIBLE PROPERTY REGULATIONS: Pursuant to the small business exception under section 10.11(6)(b)(iii) of Rev. Proc. 2015-20, the taxpayer is changing to adopt the final tangible property regulations prospectively with its tax year beginning January 1, 2014, and without filing a Form 3115.Section 1.263(a)-1(f) De Minimis Safe Harbor ElectionTaxpayer is making the de minimis safe harbor election under Treas. Reg. 1.263(a)-1(f) for all eligible amounts paid or incurred during the taxable year.Section 1.263(a)-3(n) Capitalization ElectionTaxpayer hereby elects to capitalize repair and maintenance costs under Treas. Reg. 1.263(a)-3(n). The costs were incurred during the taxable year in the electing taxpayer's trade or business and the electing taxpayer treats such costs as capital expenditures on its books and records.
      PART VII-B, QUESTION 1(A)(4): During the 2015 tax year, the Foundation paid compensation in the amount of $180,000 to Janis Minton Consulting, Inc. ("JMC"), a corporation that is wholly owned by one of the Foundation's directors, Janis Minton. JMC provided (and continues to provide) substantial core work functions for the Foundation, which include but are not limited to, general Foundation leadership and management duties, oversight and management of the Foundation's grantmaking and operational plan, Foundation administration, program management, board of director support (including meeting facilitation), working with legal and other advisors, and providing training and education to advisory board members. JMC is additionally responsible for programmatic activities that include creating grant systems, conducting due diligence, and providing strategic direction.Upon advice of counsel, the Foundation's board of directors (the "board") has determined that the payments to JMC are properly classified as payments to a disqualified person for personal services within the meaning of Treas. Reg. 53.4941(d)-3(c) and therefore qualify for the exception to self-dealing set forth in IRC 4941(d)(2)(E). JMC's services are reasonable and necessary to carry out the Foundation's exempt purposes. The Foundation has obtained a compensation study for the relevant period that confirms that the level of compensation to JMC is well below market rate for the extent of services provided, and is therefore reasonable and not excessive.

    TY 2015 InvestmentsOtherSchedule2
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS FMV 67,647,396 67,647,396
    FUND OF FUNDS FMV 19,466,712 19,466,712
    PRIVATE EQUITY FMV 16,551,117 16,551,117
    GLOBAL EQUITY FMV 6,340,180 6,340,180
    US EQUITY FUNDS FMV 7,836,905 7,836,905

    TY 2015 LegalFeesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 54,796 0   54,796


    TY 2015 OtherDecreasesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Description Amount
    Net unrealized Gain (Loss) 8,490,217


    TY 2015 OtherExpensesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    POSTAGE & COURIER 5,863 0   5,863
    INSURANCE 17,266 0   17,266
    OFFICE SUPPLIES 16,807 0   16,807
    CHECKING ACCOUNT FEES 1,127 0   1,127
    PAYROLL PREP FEE 1,384 0   1,384
    PARKING 11,367 0   11,367
    TELEPHONE 22,813 0   22,813
    OFFICE PLANTS 3,635 0   3,635
    BANK FEES -496 0   -496
    MISCELLANEOUS EXPENSES 4,684 0   4,684
    PARTNERSHIP EXPENSES 0 463,183   0


    TY 2015 OtherIncomeSchedule2
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    DEFERRED TAX 34,090   34,090


    TY 2015 OtherLiabilitiesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILTY 404,957 228,917


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 180,000 0   180,000
    INVESTMENT EXPENSE 394,040 394,040   0
    Other Professional Fees 131,232 0   131,232