Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
JUDD LEIGHTON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)202 S Michigan Street Suite 910
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
South Bend, IN46601
A Employer identification number

35-2120550
B Telephone number (see instructions)

(574) 232-5970
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$103,873,589J 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... 2,277,313 2,277,313  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 825,023
b Gross sales price for all assets on line 6a 16,453,264
7 Capital gain net income (from Part IV, line 2)... 825,023
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment -55,262 -51,422 0
12 Total. Add lines 1 through 11........ 3,047,074 3,050,914 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 381,000 190,500   190,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 40,624 10,156 0 10,156
b Accounting fees (attach schedule)....... Click to see attachment 48,180 12,045 0 0
c Other professional fees (attach schedule).... Click to see attachment 796,631 796,631 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 185,100 46,345 0 8,755
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 2,094 1,047   1,047
21 Travel, conferences, and meetings....... 20,576 10,288   10,288
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 15,725 10,501 0 5,225
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,489,930 1,077,513 0 225,971
25 Contributions, gifts, grants paid....... 4,146,605 4,146,605
26 Total expenses and disbursements. Add lines 24 and 25 5,636,535 1,077,513 0 4,372,576
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,589,461
b Net investment income (if negative, enter -0-) 1,973,401
c Adjusted net income (if negative, enter -0-)... 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............. 352,663 245,454 245,454
2 Savings and temporary cash investments......... 2,082,975 2,253,691 2,253,691
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
5 Grants receivable................. 1,931,155 1,225,110 1,225,110
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 60 Click to see attachment180 180
7 Other notes and loans receivable (attach schedule) bullet0
Less: allowance for doubtful accounts bullet0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment0 0
b Investments—corporate stock (attach schedule)....... 38,170,032 Click to see attachment35,060,363 52,401,566
c Investments—corporate bonds (attach schedule)....... 10,037,495 Click to see attachment8,227,209 7,336,325
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0 Click to see attachment0 0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 29,199,852 Click to see attachment31,466,719 37,293,899
14 Land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0 Click to see attachment0 0
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment0 Click to see attachment3,117,364
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 81,774,172 78,478,726 103,873,589
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment0
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.................. 76,712,472 74,220,654
25 Temporarily restricted............... 5,061,760 4,257,952
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)..... 81,774,232 78,478,606
31 Total liabilities and net assets/fund balances (see instructions). 81,774,232 78,478,606
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
81,774,232
2
Enter amount from Part I, line 27a .....................
2
-2,589,461
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
79,184,771
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
706,045
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
78,478,726
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 GENERAC HOLDINGS INC P 2014-09-17 2015-05-08
b GLAXOSMITHKLINE PLC P 2014-08-13 2015-04-27
c GNC HOLDINGS INC P 2014-10-24 2015-10-09
d GROUPON INC P 2014-07-28 2015-06-19
e HEWLETT PACKARD P 2015-06-12 2015-11-10
IBM CORP P 2015-06-12 2015-11-18
ROYCE SPECIAL EQUITY FD INVESTMENT P 2015-06-12 2015-11-18
SONY CORPORATION P 2014-10-24 2015-06-12
BP PLC P 2005-12-19 2015-11-18
COMCOST CORPORATION P 2010-09-24 2015-10-09
CORNING INC P 2011-11-17 2015-04-27
EMC CORP MASS P 2013-04-02 2015-11-18
EXXON MOBIL CORP P 2005-12-19 2015-06-12
GNC HOLDINGS INC P 2014-08-27 2015-10-09
GOOGLE INC P 2011-11-17 2015-05-04
GROUPON INC P 2013-11-08 2015-06-12
HEWLETT PACKARD P 2012-05-14 2015-11-10
IBM CORP P 2005-12-19 2015-12-09
KINDER MORGAN INC P 2014-02-13 2015-12-09
PIMCO ALL ASSET INSTL P 2013-01-01 2015-01-07
PIMCO EMERGING LOCAL BD P 2013-01-01 2015-09-08
ROYCE SPECIAL EQUITY FD INVESTMENT P 2013-01-01 2015-02-12
SONY CORPORATION P 2014-05-23 2015-10-26
SPDR GOLD SHARES P 2012-10-12 2015-10-09
WALGREENS BOOTS P 2012-10-23 2015-11-19
Anchorage Illiquid Opportunities Distributions in Excess of Basis P 2013-01-01 2015-12-31
Whitehall Street International Distributions in Excess of Basis P 2013-01-01 2015-12-31
Capital Gain Distributions P 2013-01-01 2015-12-31
(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 515,398   554,127 -38,729
b 593,528   580,658 12,870
c 209,692   198,017 11,675
d 109,806   128,000 -18,194
e 71,506   86,029 -14,523
67,536   83,484 -15,948
216,589   212,140 4,449
616,867   353,985 262,882
1,043,507   1,967,550 -924,043
301,904   92,548 209,356
1,124,598   679,526 445,072
1,000,449   952,636 47,813
294,506   203,382 91,124
419,195   372,927 46,268
372   200 172
561,796   1,032,945 -471,149
571,738   387,755 183,983
824,021   214,560 609,461
502,298   1,003,081 -500,783
1,411,856   1,500,000 -88,144
1,226,485   1,900,000 -673,515
2,034,726   1,733,913 300,813
865,994   488,708 377,286
553,950   850,104 -296,154
820,561   355,821 464,740
292,619     292,619
11,234     11,234
494,388     494,388
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     0 -38,729
b     0 12,870
c     0 11,675
d     0 -18,194
e     0 -14,523
    0 -15,948
    0 4,449
    0 262,882
    0 -924,043
    0 209,356
    0 445,072
    0 47,813
    0 91,124
    0 46,268
    0 172
    0 -471,149
    0 183,983
    0 609,461
    0 -500,783
    0 -88,144
    0 -673,515
    0 300,813
    0 377,286
    0 -296,154
    0 464,740
    0 292,619
    0 11,234
    0 494,388
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 2 825,023
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 3 204,482
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 4,996,197 104,832,845 0.047659
2013 4,942,031 97,576,849 0.050648
2012 4,745,515 85,831,666 0.055289
2011 4,221,550 85,412,698 0.049425
2010 5,234,873 76,254,539 0.068650
2
Total of line 1, column (d) .....................
20.271671
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
0.054334
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
99,538,469
5
Multiply line 4 by line 3......................
5
5,408,323
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
19,734
7
Add lines 5 and 6........................
7
5,428,057
8
Enter qualifying distributions from Part XII, line 4.............
8
4,408,295
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 39,468
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  
3 Add lines 1 and 2........................... 3 39,468
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 39,468
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 88,393
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 98,393
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 58,925
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet58,925 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletIN
    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 .Click to see attachment
    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 addressbulletwww.juddleightonfoundation.org
    14
    The books are in care ofbulletJames Keenan Telephone no.bullet (574) 232-5970

    Located atbullet202 S Michigan Street Suite 910South BendIN ZIP+4bullet46601
    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
     
    No
    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).
    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
    James F Keenan President / Treasurer
    20.000     		105,000 0 0
    202 S Michigan Street Suite 910
    South Bend,IN46601
    Jerry French Director
    3.000     		39,000 0 0
    202 S Michigan Street Suite 910
    South Bend,IN46601
    John Pycik Vice President / Secretary
    3.000     		45,000 0 0
    202 S Michigan Street Suite 910
    South Bend,IN46601
    Donald F Walter Director
    3.000     		45,000 0 0
    202 S Michigan Street Suite 910
    South Bend,IN46601
    Charles Nelson Executive Director
    40.000     		147,000 0 0
    202 S Michigan Street Suite 910
    South Bend,IN46601
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    WALTER & KEENAN FINANCIAL CONSULTING FINANCIAL MANAGEMENT 796,631
    211 W WASHINGTON SUITE 2400
    SOUTH BEND,IN46601
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    97,487,023
    b
    Average of monthly cash balances.......................
    1b
    3,567,260
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    101,054,283
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    101,054,283
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,515,814
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    99,538,469
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,976,923
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    4,976,923
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    39,468
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    39,468
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,937,455
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,937,455
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,937,455
    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 Click to see attachment..........
    1a
    4,372,576
    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
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,372,576
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,372,576
    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 4,937,875
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 242,786
    b From 2011......  
    c From 2012...... 497,968
    d From 2013...... 128,379
    e From 2014......  
    fTotal of lines 3a through e........ 869,133
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,408,295
    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..... 4,408,295
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 529,580 529,580
    (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 5 339,553
    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......     		 
    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 ......     		339,553
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 211,174
    c Excess from 2013.... 128,379
    d Excess from 2014.... 0
    e Excess from 2015.... 0
    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
    0       0
    b 85% of line 2a ......... 0       0
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		0       0
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		        0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		0       0
    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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JAMES KEENAN
    202 S MICHIGAN ST SUITE 910
    SOUTH BEND,IN46601
    (574) 232-5970
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICANTS SHOULD REVIEW THE GRANT GUIDELINES FOUND ON THE FOUNDATION WEBSITE AT JUDDLEIGHTONFOUNDATION.ORG. PARTICULAR ATTENTION SHOULD BE PAID TO THE FOUNDATION'S PRIMARY FOCUS AREAS. APPLICANTS SHOULD CLEARLY STATE IN THIER APPLICATION HOW THEIR PROPOSAL MEETS THE FOUNDATION'S OBJECTIVE TO IMPACT THE COMMUNITY AT LARGE IN THE THREE PRIMARY AREAS OF HEALTH, EDUCATION, AND ECONOMIC DEVELOPMENT. ALSO, ALL APPLICANTS ARE ENCOURAGED TO USE THE GRANT PROPOSAL FORM LOCATED ON THE WEBSITE. THIS FORM REQUESTS IMPORTANT ADDITIONAL INFORMATION WHICH IS HELPFUL IN CONSIDERATION OF EACH REQUEST.
    cAny submission deadlines:
    THE BOARD OF DIRECTORS MEETS QUARTERLY. CONTACT CHARLES NELSON, DIRECTOR, FOR APPLICATION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION'S ARTICLES OF INCORPORATION REQUIRE THAT AT LEAST 75% OF ALL AMOUNTS DISTRIBUTED IN ANY PERIOD BE FOR THE IMPROVEMENT OF QUALITY OF LIFE IN ST. JOSEPH COUNTY, INDIANA. OTHERWISE, THE FOUNDATION MAY MAKE GRANTS FOR ALL EDUCATIONAL, CHARITABLE, AND SCIENTIFIC PURPOSES AS DEFINED IN CODE SECTION 501(C)(3). THE FOUNDATION DOES NOT CURRENTLY AWARD SCHOLARSHIPS OR OTHERWISE MAKE GRANTS TO INDIVIDUALS.
    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
    UNIVERSITY OF NOTRE DAME
    300 MAIN BUILDING
    NOTRE DAME,IN46556     		none PC TO SUPPORT GENERAL OPERATIONS AND SPECIFIC PROGRAMS 1,225,000
    ELEVATE VENTURES INC
    50 E 91ST ST SUITE 213
    INDIANAOPLIS,IN46240     		NONE PC TO SUPPORT GENERAL OPERATIONS 100,000
    URBAN ENTERPRISE ASSOCATION OF SOUTH BEND
    227 W JEFFERSON BVD
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 50,000
    SOUTH BEND SYMPHONY ORCHESTRA ASSOCIATION
    127 N MICHIGAN STREET
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 35,000
    HOLY CROSS VILLAGE
    54515 STATE RD 933 NORTH
    NOTRE DAME,IN46556     		NONE PC TO SUPPORT GENERAL OPERATIONS AND SPECIFIC PROGRAMS 8,000
    ST MARGARETS HOUSE
    117 N LAFAYETTE BLVD
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 110,000
    CENTER FOR HISTORY
    808 W WASHINGTON ST
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 3,000
    COMMUNITY FOUNDATION OF ST JOSEPH COUNTY
    PO BOX 837
    SOUTH BEND,IN46624     		NONE PC TO SUPPORT GENERAL OPERATIONS 345,000
    INDIANA GOLF FOUNDATION INC
    2625 HURRICANE RD
    FRANKLIN,IN46131     		NONE PC TO SUPPORT GENERAL OPERATIONS 40,000
    THE CASIE CENTER INC
    912 E LASALLE AVE
    SOUTH BEND,IN46617     		NONE PC TO SUPPORT GENERAL OPERATIONS 50,000
    MARQUETTE PARENT AND TEACHER ORGANIZATION
    1818 BERGAN ST
    SOUTH BEND,IN46628     		NONE PC TO SUPPORT GENERAL OPERATIONS 30,000
    FRIENDS OF THE SNITE MUSEUM OF ART
    300 MAIN BUILDING
    NOTRE DAME,IN46556     		NONE PC TO SUPPORT GENERAL OPERATIONS 125
    REAL SERVICES INC
    PO BOX 1835
    SOUTH BEND,IN46634     		NONE PC TO SUPPORT GENERAL OPERATIONS 12,000
    ST JOSEPH COUNTY BRIDGES OUT OF POVERTY
    117 N LAFAYETTE BLVD
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 50,000
    IU SCHOOL OF MEDICINE
    1110 W MICHIGAN ST
    INDIANAPOLIS,IN46202     		NONE PC TO SUPPORT GENERAL OPERATIONS 100,000
    IUSB SCHOOL OF BUSINESS & ECONOMICS
    1700 MISHAWAKA AVE
    SOUTH BEND,IN46634     		NONE PC TO SUPPORT GENERAL OPERATIONS 558,000
    STUDEBAKER NATIONAL MUSEUM
    201 CHAPIN ST
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 130
    BROADWAY CHRISTIAN PARISH
    1412 CARROLL ST
    SOUTH BEND,IN46613     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    HOLY CROSS COLLEGE
    54515 STATE RD 933 N
    NOTRE DAME,IN46556     		NONE PC TO SUPPORT GENERAL OPERATIONS 150,000
    ST MARYS COLLEGE
    BUSINESS OFFICE 150 LEMANS
    NOTRE DAME,IN46556     		NONE PC TO SUPPORT GENERAL OPERATIONS 333,000
    HELLO GORGEOUS OF HOPE INC
    1130 ALTGELD ST
    SOUTH BEND,IN46614     		NONE PC TO SUPPORT GENERAL OPERATIONS 25,000
    CHAMBER OF COMMERCE OF ST JOSEPH
    101 N MICHIGAN ST SUITE 300
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS AND SPECIFIC PROGRAMS 20,350
    REINS OF LIFE INC
    55200 QUINCE RD
    SOUTH BEND,IN46619     		NONE PC TO SUPPORT GENERAL OPERATIONS 25,000
    HOSPICE FOUNDATION
    501 COMFORT PLACE
    MISHAWAKA,IN46545     		NONE PC TO SUPPORT GENERAL OPERATIONS 3,000
    YWCA NORTH CENTRAL INDIANA
    1102 FELLOWS ST
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 1,000
    ROBINSON COMMUNITY LEARNING CENTER
    921 N Eddy Street
    SOUTH BEND,IN46617     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    ENFOCUS
    506 W South St
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 130,000
    RIVERBEND CANCER SERVICES
    3516 E JEFFERSON BLVD
    SOUTH BEND,IN46615     		NONE PC TO SUPPORT GENERAL OPERATIONS 50,000
    RIVERBEND COMMUNITY MATH CENTER
    2205 Hollywood Place
    SOUTH BEND,IN46616     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    ST JOE VALLEY METRONET INC
    130 S Main Street Suite 275
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 100,000
    MEMORIAL HEALTH FOUNDATION
    615 NORTH MICHIGAN ST
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 115,000
    RUSH UNIVERSITY MEDICAL CENTER
    600 S Paulina St Suite 441A
    CHICAGO,IL60612     		NONE PC TO SUPPORT GENERAL OPERATIONS 25,000
    FERNWOOD INC
    13988 RANGE LINE RD
    NILES,MI49120     		NONE PC TO SUPPORT GENERAL OPERATIONS 100,000
    FRIENDS OF NILES DISTRICT LIBRARY
    620 E MAIN ST
    NILES,MI49120     		NONE PC TO SUPPORT GENERAL OPERATIONS 18,000
    CITY OF NILES
    1600 SILVERBROOK AVE
    NILES,MI49120     		NONE PC TO SUPPORT GENERAL OPERATIONS AND SPECIFIC PROGRAMS 25,000
    CHIARA HOME INC
    1425 CLAYTON DR
    SOUTH BEND,IN46614     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    HABITAT FOR HUMANITY OF ST JOSEPH COUNTY
    402 ESouth St
    SOUTH BEND,IN46601     		NONE PC TO SUPPORT GENERAL OPERATIONS 25,000
    JUNIOR ACHIEVEMENT OF MICHIANA
    2907 Division Street Ste 112
    ST JOSEPH,MI49085     		NONE PC TO SUPPORT GENERAL OPERATIONS 100,000
    LOGAN COMMUNITY RESOURCES INC
    PO BOX 1049
    SOUTH BEND,IN46624     		NONE PC TO SUPPORT GENERAL OPERATIONS 125,000
    Total .................................bullet 3a 4,146,605
    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 2,277,313  
    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 ............     		    18 825,023  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    apass-through entities     		900003 -3,840 18 -51,422  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -3,840 3,050,914 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,047,074
    (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: 15000238
    Software Version: 2015v2.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Crowe Horwath 37,880 9,470    
    Culler & Associates 10,300 2,575    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AVENUE CREDIT 1,660,322 1,272,254
    GOLDMAN SACHS STRATEGIC 1,552,835 1,421,321
    LOOMIS SAYLES BOND CL 1 1,039,365 1,129,999
    PIMCO EMRG LOCAL BD FD 0 0
    PIMCO EMRG MKTS BD FD 2,550,000 2,111,457
    PIMCO TOTAL RETURN FUND 1,424,687 1,401,294

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE INC. 1,446,190 1,789,419
    ARES CAPITAL CORP 864,161 712,500
    BOEING CO 1,098,261 1,229,015
    BP PLC 0 0
    CHEVRON CORP 716,000 1,124,500
    CISCO SYSTEMS INC 898,327 1,357,750
    COLGATE-PALMOLIVE CO 75,000 999,300
    COMCAST CORP 363,306 1,128,600
    CORNING INC 0 0
    E M C CORP MASS 0 0
    EXXON MOBILE CORPORATION 891,333 1,948,750
    FIFTH THIRD BANCORP 730,842 1,005,000
    GENERAC HOLDINGS INC 0 0
    GENERAL ELECTRIC CO 2,149,507 3,115,000
    GLAXOSMITHKLINE PLC ADRF 0 0
    GNC HOLDINGS INC 0 0
    GOOGLE INC NON-VTG 0 0
    GOOGLE INC CLASS A VTG 0 0
    GROUPON INC CLASS A 0 0
    HEWLETT-PACKARD COMPANY 0 0
    INTEL CORP 984,426 1,722,500
    INT'L BUSINESS MACHINES 48,310 550,480
    JOHNSON & JOHNSON 328,497 2,054,400
    JP MORGAN CHASE 1,985,000 3,301,500
    KINDER MORGAN INC 0 0
    LILLY ELI & CO 1,155,500 1,685,200
    MERCK & CO INC 1,044,379 1,584,600
    MICROSOFT CORP 1,349,894 2,774,000
    NESTLE 855,009 1,116,300
    NORTHERN TRUST CORP 1,254,601 1,802,250
    NOVARTIS A G SPON ADR 833,301 1,290,600
    PEPSICO INC 1,236,755 1,998,400
    PROCTOR & GAMBLE 1,266,359 1,667,610
    QUALCOM 909,174 849,745
    SCHLUMBERGER LTD 1,157,469 1,046,250
    SONY CORP ADR NEW 0 0
    VERIZON COMMUNICATIONS 985,441 924,400
    VODAFONE GROUP 672,248 645,200
    WALMART STORES INC 1,279,932 1,072,750
    WALGREEN COMPANY 355,597 851,550
    WELLS FARGO & CO NEW 929,872 1,359,000
    3M COMPANY 695,700 1,355,760
    ALPHABET INC CLASS A 474,235 1,322,617
    ALPHABET INC CLASS C 631,573 1,517,760
    AMERICAN EXPRESS CO 862,225 765,050
    CVS HEALTH CORP 567,943 586,620
    HP INC 493,224 592,000
    MONSATO CORP 646,261 689,640
    PFIZER INCORP 831,181 807,000
    PURE STORAGE INC 433,150 389,250
    WELLTOWER INC 576,208 680,300
    1/100 BERKSHIRE HTWY 983,972 989,000

    TY 2015 InvestmentsLandSchedule2
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land        
    Building     0  
    LeasholdImprovement     0  
    Equipment     0  
    Other     0  

    TY 2015 InvestmentsOtherSchedule2
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AQR MGD FUTURES STAT FD AT COST 2,050,000 2,050,000
    COLUMBIA ACORN INT'L FUND AT COST 976,970 976,970
    FIRST EAGLE OVERSEAS FUND A AT COST 2,034,449 2,034,449
    MATTHEWS ASIAN GROWTH & INC FD AT COST 1,900,000 1,900,000
    OAKMARK INT'L SMALL CAP FD AT COST 613,529 613,529
    OPPENHEIMER DEVELOPING MKTS AT COST 1,771,799 1,771,799
    PIMCO ALL ASSET INSTL AT COST 1,500,000 0
    PRIMECAP ODYSSEY AGGR GROWTH FUND AT COST 676,326 1,176,326
    ROYCE SPECIAL EQUITY FD AT COST 1,946,053 0
    HEALTH CARE REIT AT COST 576,208 0
    SPDR GOLD TRUST AT COST 850,104 0
    STARWOOD PPTY TRUST AT COST 486,331 486,331
    GS COMMODITY OPPORTUNITIES FUND AT COST 1,000,000 1,000,000
    PRIVATE EQUITY MANGERS 2011 AT COST 454,492 532,997
    WEST STREET II AT COST 133,293 87,481
    VINTAGE V AT COST 211,006 6,775
    PRIVATE EQUITY MGRS 2013 AT COST 222,626 353,141
    PRIVATE EQUITY MGRS 2012 AT COST 330,957 416,913
    VINTAGE FUND VI AT COST 390,284 473,376
    ANCHORAGE ILLIQUID OPP III AT COST 771,716 376,058
    ANCHORAGE ILLIQUID OPP IV AT COST 324,251 788,655
    GROWTH & EMERGING MARKETS AT COST 368,726 554,126
    WEST STREET ENERGY PARTNERS AT COST 305,149 396,922
    WEST STREET ENERGY PTRS AIV AT COST 137,728 145,120
    GLOBAL ATLANTIC AT COST 198,886 212,882
    GS EARLY SECONDARIES FUND AT COST 299,541 200,506
    BROAD STREET REAL ESTATE CREDIT AT COST 192,898 529,514
    NANTUCKET FUND A CLASS 05/04 AT COST 3,795,875 3,795,875
    COMMONFUND CAP INT'L PTNERS VI AT COST 561,159 411,868
    COMMONFUND CAP INT'L PTNRS VII AT COST 188,104 225,371
    COMMONFUND PRVT EQTY PTR VII AT COST 513,506 483,499
    COMMONFUND PRVT EQTY PTR VIII AT COST 164,055 207,248
    COMMONFUND CAP VNTR PTR VIII AT COST 312,886 288,073
    TIFF REALTY OPPORTUNITY FUND AT COST 629,695 592,479
    TIFF REALTY & RESOURCES 2008 AT COST 521,437 436,856
    DEERFIELD PRIVATE DESIGN FUND AT COST 213,084 477,285
    DFJ GROWTH 2013 AT COST 927,444 1,556,106
    GLYNN EMERGING INVESTORS AT COST 316,514 471,719
    DANISH ENERGY INVESTORS AT COST 332,771 324,985
    VENTAS INC AT COST 0 407,440
    ANCHORAGE ILLIQUID OPPORTUNITIES ACCESS FUND AT COST 0 0
    WHITEHALL STREET INT'L REAL ESTATE LP 2008 AT COST 0 0
    FIDELIS INVESTORS OFFSHORE LP AT COST 0 500,000
    TREK 10: 8% CONVERTIBLE NOTE AT COST 0 100,000
    GRAVITY LONG-BIASED FUND AT COST 0 2,203,758
    OAKTREE STRATEGIC INCOME FUND AT COST 0 141,622
    BALYASNY ATLAS ENHANCED FUND AT COST 0 1,010,000
    NORTH HAVEN INFRASTRUCTURE PARTNERS AT COST 0 193,665
    GREAT LAKES CAP - GRANDVIEW FLATS AT COST 0 250,000
    GREAT LAKES CAP - PORTAGE PRIARIE AT COST 0 250,000
    OAKTREE OPPORTUNITIES FUND X AT COST 0 55,000

    TY 2015 LandEtcSchedule2
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land        
    Building     0  
    LeasholdImprovement     0  
    Equipment     0  
    Other     0  


    TY 2015 LegalFeesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Ice Miller 40,624 10,156   10,156


    TY 2015 OtherAssetsSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST RECEIVABLE 0 0 84,522
    BENEFICIAL INTEREST IN CRTS 0 0 3,032,842


    TY 2015 OtherDecreasesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Description Amount
    CHANGE IN CONTRIBUTIONS RECEIVABLE 706,045


    TY 2015 OtherExpensesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Website & Software Expenses 8,625 4,313   4,313
    Membership Dues 750 375   375
    Payroll Processing Fees 1,074 537   537
    GS Annual Fee 1,500 1,500    
    GS Wire / Account Fees 1,425 1,425    
    Investment Seminar Expenses 895 895    
    ADR Fees 1,174 1,174    
    Miscellaneous 282 282    


    TY 2015 OtherIncomeSchedule2
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NET INCOME FROM PASS-THROUGH ENTITIES -55,262 -51,422  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Walter & Keenan Consulting 796,631 796,631    


    TY 2015 OtherReceivablesOfficersSch
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Travel Advance to Officers:  


    Item No. 1
    Borrower's Name Officer Receivable
    Borrower's Title  
    Original Amount of Loan  
    Balance Due 180
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan  
    Description of Lender Consideration  
    Consideration FMV 180


    TY 2015 TaxesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    15000238
    Software Version:
    2015v2.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 17,511 8,756   8,755
    GS Vintage Fund Taxes 7,379 7,379    
    GS Early Secondaries Fund Taxes 2,060 2,060    
    Commonfund Int'l VI Fund Taxes 20 20    
    GS Private Equity Fund Taxes 13,264 13,264    
    Anchorage Fund Taxes 3,503 3,503    
    Schwab Foreign Taxes Paid 11,363 11,363    
    Federal Excise Tax 130,000