TY 2015 Form 990PF

- TIN:

Form990-PF
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
Bilinski Educational Foundation

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 1162
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Point Reyes Station, CA94956

A Employer identification number

26-3694651

B Telephone number (see instructions)

(415) 663-9293

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$17,692,348J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	93		93
4	Dividends and interest from securities...	254,249		254,249
5a	Gross rents............	445,484		445,484
b	Net rental income or (loss) 445,484
6a	Net gain or (loss) from sale of assets not on line 10		363,348
b	Gross sales price for all assets on line 6a 4,784,755
7	Capital gain net income (from Part IV, line 2)...			363,348
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).......		2,815
12	Total. Add lines 1 through 11........	1,065,989		1,063,174
13	Compensation of officers, directors, trustees, etc.	212,701		63,810	127,621
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		20,216	6,065	12,129
c	Other professional fees (attach schedule)....		69,642	69,642
17	Interest...............	1,099		330	660
18	Taxes (attach schedule) (see instructions)...		19,548	5,197	5,786
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	261		78	156
21	Travel, conferences, and meetings.......	4,552			4,552
22	Printing and publications..........
23	Other expenses (attach schedule).......		7,640	2,292	4,584
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	335,659		147,414	155,488
25	Contributions, gifts, grants paid.......	1,125,000			1,125,000
26	Total expenses and disbursements. Add lines 24 and 25	1,460,659		147,414	1,280,488
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-394,670
b	Net investment income (if negative, enter -0-)			915,760
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	140,404	76,526	76,526
	2	Savings and temporary cash investments.........	316,894	98,121	98,121
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	9,089,235	8,379,410	8,017,701
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	7,674,165	7,689,975	9,500,000
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	17,220,698	16,244,032	17,692,348
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	17,220,698	16,244,032
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	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).....	17,220,698	16,244,032
	31	Total liabilities and net assets/fund balances (see instructions).	17,220,698	16,244,032

Part III

Analysis of Changes in Net Assets or Fund Balances

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

17,220,698

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

-394,670

Other increases not included in line 2 (itemize) bullet

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

16,826,028

Decreases not included in line 2 (itemize) bullet

581,996

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

16,244,032

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	1322 ALERIAN MLP ETF	P	2014-05-06	2015-02-23
b	591 ALERIAN MLP ETF	P	2011-03-31	2015-02-23
c	76 ALERIAN MLP ETF	P	2011-07-01	2015-02-23
d	176 ALERIAN MLP ETF	P	2011-07-21	2015-02-23
e	1447 ALERIAN MLP ETF	P	2011-10-24	2015-02-23
	2997 ALERIAN MLP ETF	P	2012-03-16	2015-02-23
	1820 ALERIAN MLP ETF	P	2012-04-13	2015-02-23
	3086 ALERIAN MLP ETF	P	2012-08-24	2015-02-23
	3069 ALERIAN MLP ETF	P	2012-08-29	2015-02-23
	2755 ALERIAN MLP ETF	P	2013-01-14	2015-02-23
	1338 ALERIAN MLP ETF	P	2013-02-06	2015-02-23
	121.385 BLACKROCK MULTI-ASSET INC INST	P	2012-03-12	2015-09-28
	578.92 BLACKROCK MULTI-ASSET INC INST	P	2012-03-16	2015-09-28
	137.495 BLACKROCK MULTI-ASSET INC INST	P	2012-03-12	2015-09-28
	8432.233 BLACKROCK MULTI-ASSET INC INST	P	2012-03-12	2015-09-28
	3539 CONS DISCRET SEL SECT SPDR FD	P	2014-12-18	2015-08-04
	329.042 FIDELITY ADV REAL ESTATE INC I	P	2014-09-05	2015-06-10
	19.792 FIDELITY ADV REAL ESTATE INC I	P	2014-09-05	2015-06-10
	430.475 FIDELITY ADV REAL ESTATE INC I	P	2014-09-05	2015-06-10
	710.219 FIDELITY ADV REAL ESTATE INC I	P	2014-12-19	2015-06-10
	77.198 FIDELITY ADV REAL ESTATE INC I	P	2014-12-19	2015-06-10
	33.984 FIDELITY ADV REAL ESTATE INC I	P	2015-03-06	2015-06-10
	349.628 FIDELITY ADV REAL ESTATE INC I	P	2015-06-05	2015-06-10
	21865.044 FIDELITY ADV REAL ESTATE INC I	P	2012-12-11	2015-06-10
	11.524 FIDELITY ADV REAL ESTATE INC I	P	2012-12-14	2015-06-10
	483.999 FIDELITY ADV REAL ESTATE INC I	P	2012-12-14	2015-06-10
	126.762 FIDELITY ADV REAL ESTATE INC I	P	2012-12-14	2015-06-10
	18.73 FIDELITY ADV REAL ESTATE INC I	P	2012-12-27	2015-06-10
	3429.189 FIDELITY ADV REAL ESTATE INC I	P	2013-02-05	2015-06-10
	121.653 FIDELITY ADV REAL ESTATE INC I	P	2013-03-01	2015-06-10
	331.548 FIDELITY ADV REAL ESTATE INC I	P	2013-06-07	2015-06-10
	632.314 FIDELITY ADV REAL ESTATE INC I	P	2013-06-17	2015-06-10
	418.827 FIDELITY ADV REAL ESTATE INC I	P	2013-09-06	2015-06-10
	102.731 FIDELITY ADV REAL ESTATE INC I	P	2013-09-06	2015-06-10
	263.413 FIDELITY ADV REAL ESTATE INC I	P	2013-09-06	2015-06-10
	264.789 FIDELITY ADV REAL ESTATE INC I	P	2013-12-13	2015-06-10
	559.607 FIDELITY ADV REAL ESTATE INC I	P	2013-12-13	2015-06-10
	112.181 FIDELITY ADV REAL ESTATE INC I	P	2014-03-07	2015-06-10
	302.423 FIDELITY ADV REAL ESTATE INC I	P	2014-06-06	2015-06-10
	440.867 FRANKLIN INCOME ADV	P	2014-07-01	2015-06-25
	8267.717 FRANKLIN INCOME ADV	P	2014-07-14	2015-06-25
	489.285 FRANKLIN INCOME ADV	P	2014-08-01	2015-06-25
	11857.708 FRANKLIN INCOME ADV	P	2014-08-18	2015-06-25
	531.814 FRANKLIN INCOME ADV	P	2014-09-02	2015-06-25
	555.955 FRANKLIN INCOME ADV	P	2014-10-01	2015-06-25
	558.313 FRANKLIN INCOME ADV	P	2014-11-03	2015-06-25
	567.688 FRANKLIN INCOME ADV	P	2014-12-01	2015-06-25
	584.739 FRANKLIN INCOME ADV	P	2015-01-05	2015-06-25
	582.339 FRANKLIN INCOME ADV	P	2015-02-02	2015-06-25
	572.747 FRANKLIN INCOME ADV	P	2015-03-02	2015-06-25
	587.377 FRANKLIN INCOME ADV	P	2015-04-01	2015-06-25
	577.701 FRANKLIN INCOME ADV	P	2015-05-01	2015-06-25
	587.487 FRANKLIN INCOME ADV	P	2015-06-01	2015-06-25
	109126.984 FRANKLIN INCOME ADV	P	2014-05-30	2015-06-25
	447.813 FRANKLIN INCOME ADV	P	2014-06-02	2015-06-25
	273.38 GOLDMAN SACHS MLP ENGY INFRT I	P	2014-08-04	2015-07-07
	298.214 GOLDMAN SACHS MLP ENGY INFRT I	P	2014-11-04	2015-07-07
	339.51 GOLDMAN SACHS MLP ENGY INFRT I	P	2015-02-03	2015-07-07
	329.724 GOLDMAN SACHS MLP ENGY INFRT I	P	2015-05-04	2015-07-07
	26140.439 GOLDMAN SACHS MLP ENGY INFRT I	P	2013-10-22	2015-07-07
	314.862 GOLDMAN SACHS MLP ENGY INFRT I	P	2013-11-15	2015-07-07
	277.548 GOLDMAN SACHS MLP ENGY INFRT I	P	2014-02-14	2015-07-07
	285.291 GOLDMAN SACHS MLP ENGY INFRT I	P	2014-05-15	2015-07-07
	3188 ISHARES CORE U.S. AGGREGATE	P	2014-12-26	2015-02-11
	2433 ISHARES INTL SELECT DIV ETF	P	2012-04-13	2015-06-15
	793 ISHARES INTL SELECT DIV ETF	P	2012-08-24	2015-06-15
	2391 ISHARES INTL SELECT DIV ETF	P	2012-08-24	2015-06-25
	1586 ISHARES INTL SELECT DIV ETF	P	2012-08-29	2015-06-25
	608 ISHARES INTL SELECT DIV ETF	P	2012-09-18	2015-06-25
	352 ISHARES INTL SELECT DIV ETF	P	2013-02-15	2015-06-25
	1033 ISHARES N AMERICAN TECH ETF	P	2012-08-23	2015-07-22
	725 ISHARES N AMERICAN TECH ETF	P	2012-08-29	2015-07-22
	245 ISHARES N AMERICAN TECH ETF	P	2012-09-10	2015-07-22
	472 ISHARES N AMERICAN TECH ETF	P	2012-09-10	2015-07-24
	359 ISHARES N AMERICAN TECH ETF	P	2012-10-03	2015-07-24
	339 ISHARES N AMERICAN TECH ETF	P	2013-02-05	2015-07-24
	314 ISHARES S&P MIDCAP 400 INDEX	P	2010-12-17	2015-09-24
	21 ISHARES S&P MIDCAP 400 INDEX	P	2010-12-17	2015-09-24
	38 ISHARES S&P MIDCAP 400 INDEX	P	2011-07-01	2015-09-24
	29 ISHARES S&P MIDCAP 400 INDEX	P	2011-07-21	2015-09-24
	456 ISHARES S&P MIDCAP 400 INDEX	P	2012-01-05	2015-09-24
	600 ISHARES S&P MIDCAP 400 INDEX	P	2012-03-16	2015-09-24
	664 ISHARES S&P MIDCAP 400 INDEX	P	2012-08-01	2015-09-24
	383 ISHARES S&P MIDCAP 400 INDEX	P	2013-02-05	2015-09-24
	196.271 IVY HIGH INCOME I	P	2014-09-26	2015-09-24
	182.674 IVY HIGH INCOME I	P	2014-10-27	2015-09-24
	219.313 IVY HIGH INCOME I	P	2014-11-26	2015-09-24
	417.277 IVY HIGH INCOME I	P	2014-12-11	2015-09-24
	200.172 IVY HIGH INCOME I	P	2014-12-11	2015-09-24
	252.457 IVY HIGH INCOME I	P	2014-12-31	2015-09-24
	189.929 IVY HIGH INCOME I	P	2015-01-27	2015-09-24
	231.374 IVY HIGH INCOME I	P	2015-02-27	2015-09-24
	205.09 IVY HIGH INCOME I	P	2015-03-27	2015-09-24
	216.521 IVY HIGH INCOME I	P	2015-04-27	2015-09-24
	218.646 IVY HIGH INCOME I	P	2015-05-27	2015-09-24
	237.061 IVY HIGH INCOME I	P	2015-06-26	2015-09-24
	227.376 IVY HIGH INCOME I	P	2015-07-27	2015-09-24
	250.373 IVY HIGH INCOME I	P	2015-08-27	2015-09-24
	19237.601 IVY HIGH INCOME I	P	2012-08-23	2015-09-24
	5924.171 IVY HIGH INCOME I	P	2012-08-29	2015-09-24
	241.073 IVY HIGH INCOME I	P	2012-09-27	2015-09-24
	305.787 IVY HIGH INCOME I	P	2012-10-26	2015-09-24
	292.705 IVY HIGH INCOME I	P	2012-11-27	2015-09-24
	119.336 IVY HIGH INCOME I	P	2012-12-13	2015-09-24
	395.835 IVY HIGH INCOME I	P	2012-12-13	2015-09-24
	297.033 IVY HIGH INCOME I	P	2012-12-31	2015-09-24
	234.785 IVY HIGH INCOME I	P	2013-01-25	2015-09-24
	256.964 IVY HIGH INCOME I	P	2013-02-27	2015-09-24
	211.796 IVY HIGH INCOME I	P	2013-03-27	2015-09-24
	264.376 IVY HIGH INCOME I	P	2013-04-26	2015-09-24
	220.291 IVY HIGH INCOME I	P	2013-05-24	2015-09-24
	250.518 IVY HIGH INCOME I	P	2013-06-27	2015-09-24
	254.924 IVY HIGH INCOME I	P	2013-07-26	2015-09-24
	249.956 IVY HIGH INCOME I	P	2013-08-27	2015-09-24
	261.688 IVY HIGH INCOME I	P	2013-09-27	2015-09-24
	237.032 IVY HIGH INCOME I	P	2013-10-25	2015-09-24
	254.328 IVY HIGH INCOME I	P	2013-11-27	2015-09-24
	270.987 IVY HIGH INCOME I	P	2013-12-12	2015-09-24
	356.385 IVY HIGH INCOME I	P	2013-12-12	2015-09-24
	246.814 IVY HIGH INCOME I	P	2013-12-31	2015-09-24
	188.285 IVY HIGH INCOME I	P	2014-01-27	2015-09-24
	236.846 IVY HIGH INCOME I	P	2014-02-27	2015-09-24
	214.764 IVY HIGH INCOME I	P	2014-03-27	2015-09-24
	241.245 IVY HIGH INCOME I	P	2014-04-25	2015-09-24
	2445.067 IVY HIGH INCOME I	P	2014-05-06	2015-09-24
	180.054 IVY HIGH INCOME I	P	2014-05-27	2015-09-24
	198.749 IVY HIGH INCOME I	P	2014-06-27	2015-09-24
	183.593 IVY HIGH INCOME I	P	2014-07-25	2015-09-24
	213.073 IVY HIGH INCOME I	P	2014-08-27	2015-09-24
	6186.842 JP MORGAN SMALL CAP EQTY SEL	P	2014-12-26	2015-08-04
	25530.244 PIMCO INCOME P	P	2014-06-27	2015-06-25
	106.584 PIMCO INCOME P	P	2014-07-31	2015-06-25
	109.897 PIMCO INCOME P	P	2014-08-29	2015-06-25
	111.227 PIMCO INCOME P	P	2014-09-30	2015-06-25
	110.767 PIMCO INCOME P	P	2014-10-31	2015-06-25
	111.496 PIMCO INCOME P	P	2014-11-28	2015-06-25
	7.807 PIMCO INCOME P	P	2014-12-10	2015-06-25
	52.077 PIMCO INCOME P	P	2014-12-10	2015-06-25
	225 PIMCO INCOME P	P	2014-12-29	2015-06-25
	115.343 PIMCO INCOME P	P	2014-12-31	2015-06-25
	117.31 PIMCO INCOME P	P	2015-01-30	2015-06-25
	116.881 PIMCO INCOME P	P	2015-02-27	2015-06-25
	117.194 PIMCO INCOME P	P	2015-03-31	2015-06-25
	117.249 PIMCO INCOME P	P	2015-04-30	2015-06-25
	117.374 PIMCO INCOME P	P	2015-05-29	2015-06-25
	134.357 PIONEER MULTI ASSET INC Y	P	2013-08-30	2015-09-28
	154.888 PIONEER MULTI ASSET INC Y	P	2013-08-30	2015-09-28
	7463.924 PIONEER MULTI ASSET INC Y	P	2013-08-30	2015-09-28
	173.828 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-04-24	2015-03-03
	158.194 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-04-24	2015-03-03
	4947.809 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-04-24	2015-03-03
	3571.429 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-07-14	2015-07-14
	174.321 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-07-31	2015-07-14
	185.439 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-08-29	2015-07-14
	174.145 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-09-30	2015-07-14
	199.407 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-10-31	2015-07-14
	42.581 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-11-26	2015-07-14
	172.895 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-11-28	2015-07-14
	195.472 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-12-31	2015-07-14
	202.403 PRUDENTIAL SH DUR HI YLD INC Z	P	2015-01-30	2015-07-14
	173.828 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-04-24	2015-07-14
	158.194 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-05-22	2015-07-14
	156.828 PRUDENTIAL SH DUR HI YLD INC Z	P	2015-04-30	2015-07-14
	159.49 PRUDENTIAL SH DUR HI YLD INC Z	P	2015-05-29	2015-07-14
	156.289 PRUDENTIAL SH DUR HI YLD INC Z	P	2015-06-30	2015-07-14
	22098.232 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-04-24	2015-07-14
	4.786 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-04-30	2015-07-14
	2460.436 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-05-06	2015-07-14
	158.701 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-05-30	2015-07-14
	147.662 PRUDENTIAL SH DUR HI YLD INC Z	P	2014-06-30	2015-07-14
	190.563 PUTNAM DIVERSIFIED INC TR Y	P	2014-08-14	2015-08-04
	188.719 PUTNAM DIVERSIFIED INC TR Y	P	2014-09-16	2015-08-04
	166.974 PUTNAM DIVERSIFIED INC TR Y	P	2014-10-14	2015-08-04
	166.952 PUTNAM DIVERSIFIED INC TR Y	P	2014-11-14	2015-08-04
	173.725 PUTNAM DIVERSIFIED INC TR Y	P	2014-12-16	2015-08-04
	167.26 PUTNAM DIVERSIFIED INC TR Y	P	2015-01-13	2015-08-04
	172.032 PUTNAM DIVERSIFIED INC TR Y	P	2015-02-13	2015-08-04
	172.697 PUTNAM DIVERSIFIED INC TR Y	P	2015-03-16	2015-08-04
	174.763 PUTNAM DIVERSIFIED INC TR Y	P	2015-04-14	2015-08-04
	174.74 PUTNAM DIVERSIFIED INC TR Y	P	2015-05-14	2015-08-04
	195.66 PUTNAM DIVERSIFIED INC TR Y	P	2015-06-16	2015-08-04
	191.403 PUTNAM DIVERSIFIED INC TR Y	P	2015-07-14	2015-08-04
	40566.693 PUTNAM DIVERSIFIED INC TR Y	P	2013-07-09	2015-08-04
	227.263 PUTNAM DIVERSIFIED INC TR Y	P	2013-07-16	2015-08-04
	227.526 PUTNAM DIVERSIFIED INC TR Y	P	2013-08-14	2015-08-04
	228.961 PUTNAM DIVERSIFIED INC TR Y	P	2013-09-16	2015-08-04
	230.407 PUTNAM DIVERSIFIED INC TR Y	P	2013-10-15	2015-08-04
	232.463 PUTNAM DIVERSIFIED INC TR Y	P	2013-11-14	2015-08-04
	232.135 PUTNAM DIVERSIFIED INC TR Y	P	2013-12-16	2015-08-04
	231.513 PUTNAM DIVERSIFIED INC TR Y	P	2014-01-14	2015-08-04
	234.459 PUTNAM DIVERSIFIED INC TR Y	P	2014-02-13	2015-08-04
	234.428 PUTNAM DIVERSIFIED INC TR Y	P	2014-03-14	2015-08-04
	234.102 PUTNAM DIVERSIFIED INC TR Y	P	2014-04-14	2015-08-04
	185.486 PUTNAM DIVERSIFIED INC TR Y	P	2014-05-14	2015-08-04
	185.344 PUTNAM DIVERSIFIED INC TR Y	P	2014-06-16	2015-08-04
	186.143 PUTNAM DIVERSIFIED INC TR Y	P	2014-07-15	2015-08-04
	1 Capital Gain Distributions	P	2001-01-01	2015-12-31
	Wash Sale

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	22,702	23,218	-516
b	10,149	7,906	2,243
c	1,305	994	311
d	3,022	2,305	717
e	24,848	18,848	6,000
	51,465	42,467	8,998
	31,253	25,425	5,828
	52,993	43,778	9,215
	52,701	43,817	8,884
	47,309	41,260	6,049
	22,976	20,684	2,292
	1,273	1,275	-2
	6,073	6,090	-17
	1,442	1,444	-2
	88,454	88,538	-84
	284,017	250,060	33,957
	3,800	3,863	-63
	229	232	-3
	4,972	5,054	-82
	8,203	8,231	-28
	892	895	-3
	393	398	-5
	4,039	4,045	-6
	252,541	252,760	-219
	133	130	3
	5,590	5,450	140
	1,464	1,427	37
	216	213	3
	39,607	40,053	-446
	1,405	1,436	-31
	3,829	3,916	-87
	7,303	7,430	-127
	4,837	4,632	205
	1,187	1,136	51
	3,042	2,913	129
	3,058	2,902	156
	6,463	6,133	330
	1,296	1,291	5
	3,493	3,593	-100
	1,036	1,129	-93
	19,429	21,000	-1,571
	1,150	1,218	-68
	27,866	30,000	-2,134
	1,250	1,345	-95
	1,306	1,351	-45
	1,312	1,357	-45
	1,334	1,362	-28
	1,374	1,368	6
	1,368	1,374	-6
	1,346	1,380	-34
	1,380	1,386	-6
	1,358	1,392	-34
	1,382	1,398	-16
	256,447	275,000	-18,553
	1,052	1,124	-72
	2,936	3,360	-424
	3,203	3,552	-349
	3,646	3,841	-195
	3,541	3,835	-294
	280,748	260,669	20,079
	3,382	3,143	239
	2,981	3,027	-46
	3,064	3,342	-278
	353,135	349,915	3,220
	81,626	75,447	6,179
	26,605	24,886	1,719
	80,312	75,033	5,279
	53,273	49,967	3,306
	20,422	19,998	424
	11,824	12,276	-452
	111,201	70,833	40,368
	78,045	50,040	28,005
	26,374	17,066	9,308
	50,547	32,878	17,669
	38,446	24,913	13,533
	36,304	24,006	12,298
	43,714	28,372	15,342
	2,924	1,895	1,029
	5,290	3,751	1,539
	4,037	2,867	1,170
	63,482	40,048	23,434
	83,529	60,160	23,369
	92,439	62,151	30,288
	53,319	41,955	11,364
	1,486	1,670	-184
	1,383	1,556	-173
	1,660	1,851	-191
	3,159	3,372	-213
	1,515	1,617	-102
	1,911	2,037	-126
	1,438	1,518	-80
	1,752	1,881	-129
	1,553	1,657	-104
	1,639	1,762	-123
	1,655	1,778	-123
	1,795	1,892	-97
	1,721	1,783	-62
	1,896	1,920	-24
	145,628	161,980	-16,352
	44,846	50,000	-5,154
	1,825	2,054	-229
	2,315	2,611	-296
	2,216	2,500	-284
	903	1,019	-116
	2,996	3,380	-384
	2,249	2,537	-288
	1,777	2,036	-259
	1,945	2,223	-278
	1,603	1,847	-244
	2,001	2,319	-318
	1,668	1,936	-268
	1,896	2,137	-241
	1,930	2,205	-275
	1,892	2,147	-255
	1,981	2,266	-285
	1,794	2,076	-282
	1,925	2,230	-305
	2,051	2,341	-290
	2,698	3,079	-381
	1,868	2,132	-264
	1,425	1,631	-206
	1,793	2,070	-277
	1,626	1,877	-251
	1,826	2,104	-278
	18,509	21,321	-2,812
	1,363	1,572	-209
	1,505	1,741	-236
	1,390	1,597	-207
	1,613	1,849	-236
	310,270	300,000	10,270
	316,830	325,000	-8,170
	1,323	1,351	-28
	1,364	1,402	-38
	1,380	1,406	-26
	1,375	1,407	-32
	1,384	1,413	-29
	97	97
	646	649	-3
	2,792	2,774	18
	1,431	1,422	9
	1,456	1,441	15
	1,450	1,447	3
	1,454	1,453	1
	1,455	1,460	-5
	1,457	1,466	-9
	1,380	1,464	-84
	1,591	1,688	-97
	76,655	81,357	-4,702
	1,646	1,716	-70
	1,498	1,561	-63
	46,856	48,835	-1,979
	33,393	35,000	-1,607
	1,630	1,687	-57
	1,734	1,804	-70
	1,628	1,665	-37
	1,864	1,914	-50
	398	406	-8
	1,617	1,648	-31
	1,828	1,839	-11
	1,892	1,899	-7
	1,625	1,714	-89
	1,479	1,555	-76
	1,466	1,480	-14
	1,491	1,506	-15
	1,462	1,461	1
	206,618	218,109	-11,491
	45	47	-2
	23,005	24,235	-1,230
	1,484	1,562	-78
	1,381	1,452	-71
	1,397	1,477	-80
	1,383	1,483	-100
	1,224	1,271	-47
	1,224	1,276	-52
	1,273	1,280	-7
	1,226	1,241	-15
	1,261	1,290	-29
	1,266	1,295	-29
	1,281	1,300	-19
	1,281	1,305	-24
	1,434	1,446	-12
	1,403	1,407	-4
	297,353	314,392	-17,039
	1,666	1,761	-95
	1,668	1,770	-102
	1,678	1,779	-101
	1,689	1,788	-99
	1,704	1,797	-93
	1,702	1,806	-104
	1,697	1,815	-118
	1,719	1,824	-105
	1,718	1,833	-115
	1,716	1,842	-126
	1,360	1,458	-98
	1,359	1,464	-105
	1,364	1,470	-106
	102,546		102,546
			5,018

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			-516
b			2,243
c			311
d			717
e			6,000
			8,998
			5,828
			9,215
			8,884
			6,049
			2,292
			-2
			-17
			-2
			-84
			33,957
			-63
			-3
			-82
			-28
			-3
			-5
			-6
			-219
			3
			140
			37
			3
			-446
			-31
			-87
			-127
			205
			51
			129
			156
			330
			5
			-100
			-93
			-1,571
			-68
			-2,134
			-95
			-45
			-45
			-28
			6
			-6
			-34
			-6
			-34
			-16
			-18,553
			-72
			-424
			-349
			-195
			-294
			20,079
			239
			-46
			-278
			3,220
			6,179
			1,719
			5,279
			3,306
			424
			-452
			40,368
			28,005
			9,308
			17,669
			13,533
			12,298
			15,342
			1,029
			1,539
			1,170
			23,434
			23,369
			30,288
			11,364
			-184
			-173
			-191
			-213
			-102
			-126
			-80
			-129
			-104
			-123
			-123
			-97
			-62
			-24
			-16,352
			-5,154
			-229
			-296
			-284
			-116
			-384
			-288
			-259
			-278
			-244
			-318
			-268
			-241
			-275
			-255
			-285
			-282
			-305
			-290
			-381
			-264
			-206
			-277
			-251
			-278
			-2,812
			-209
			-236
			-207
			-236
			10,270
			-8,170
			-28
			-38
			-26
			-32
			-29

			-3
			18
			9
			15
			3
			1
			-5
			-9
			-84
			-97
			-4,702
			-70
			-63
			-1,979
			-1,607
			-57
			-70
			-37
			-50
			-8
			-31
			-11
			-7
			-89
			-76
			-14
			-15
			1
			-11,491
			-2
			-1,230
			-78
			-71
			-80
			-100
			-47
			-52
			-7
			-15
			-29
			-29
			-19
			-24
			-12
			-4
			-17,039
			-95
			-102
			-101
			-99
			-93
			-104
			-118
			-105
			-115
			-126
			-98
			-105
			-106
			102,546

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	363,348
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

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? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	1,007,852	16,536,889	0.06095
2013	916,887	16,190,097	0.05663
2012	789,938	15,846,178	0.04985
2011	795,507	15,745,253	0.05052
2010	446,481	7,778,326	0.05740

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

20.275354

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

0.055071

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

17,713,645

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

975,508

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

9,158

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

984,666

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

1,280,488

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	9,158
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	9,158
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	9,158
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	7,600
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	7,600
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,558
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

Marie Y Severietti Telephone no. bullet

(415) 663-9293

Located at bullet

PO Box 1162Point Reyes StationCA ZIP+4 bullet

94956

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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-)	(e) Expense account, other allowances
Yvonne B Severietti	Executive Direc 40.00	140,160	5,041
PO Box 1162 Point Reyes Station,CA94956	Executive Direc 40.00	140,160	5,041
Dwight Allen	Director 2.00	15,000
PO Box 1162 Point Reyes Station,CA94956	Director 2.00	15,000
Joel Koonce	Director 2.00	15,000
PO Box 1162 Point Reyes Station,CA94956	Director 2.00	15,000
Fred Springer	Director 2.00	7,500
PO Box 1162 Point Reyes Station,CA94956	Director 2.00	7,500
Judy Tuttle	Director 2.00	30,000
PO Box 1162 Point Reyes Station,CA94956	Director 2.00	30,000

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...................

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. 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......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

7,884,288

Average of monthly cash balances.......................

599,108

Fair market value of all other assets (see instructions)................

9,500,000

Total (add lines 1a, b, and c).........................

17,983,396

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

17,983,396

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

269,751

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

17,713,645

Minimum investment return. Enter 5% of line 5..................

885,682

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

885,682

Tax on investment income for 2015 from Part VI, line 5......

9,158

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

9,158

Distributable amount before adjustments. Subtract line 2c from line 1............

876,524

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

876,524

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

876,524

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,280,488

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,280,488

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).................

9,158

Adjusted qualifying distributions. Subtract line 5 from line 4..............

1,271,330

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7			876,524
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......	21,876
b From 2011......	106,344
c From 2012......	13,724
d From 2013......	127,576
e From 2014......	196,178
fTotal of lines 3a through e........		465,698
4Qualifying distributions for 2015 from Part
XII, line 4: $ 1,280,488
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....			876,524
e Remaining amount distributed out of corpus		403,964
5 Excess distributions carryover applied to 2015.
(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		869,662
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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 ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
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) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		21,876
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		847,786
10 Analysis of line 9:
a Excess from 2011....	106,344
b Excess from 2012....	13,724
c Excess from 2013....	127,576
d Excess from 2014....	196,178
e Excess from 2015....	403,964

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 section4942(j)(3) or4942(j)(5)

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

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

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
University of California at Davis One Sheilds Ave Davis,CA95616	None	PC	Post Graduate Educational Scholarship fund for qualified students.	250,000
University of Hawai'i St Manoa 2500 Campus Road Hawaii Hall 202 Honolulu,HI96822	None	PC	Post Graduate Educational Scholarship fund for qualified students.	300,000
University of Nevada Reno 1664 N Virginia Street Reno,NV89557	None	PC	Post Graduate Educational Scholarship fund for qualified students.	175,000
University of New Mexico c/o The University of New Mexico Albuquerque,NM87131	None	PC	Post Graduate Educational Scholarship fund for qualified students.	200,000
University of South Carolina c/o University of South Carolina Columbia,SC29208	None	PC	Post Graduate Educational Scholarship fund for qualified students.	200,000
Total ................................. 3a				1,125,000

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	93
4 Dividends and interest from securities....			14	254,249
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	445,484
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	363,348
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aFederal Tax Refund			1	2,815
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				1,065,989

13Total. Add line 12, columns (b), (d), and (e)..................

131,065,989

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2015)

Additional Data

Software ID:	15000324
Software Version:	2015v2.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 AccountingFeesSchedule

Name:

Bilinski Educational Foundation

EIN:

26-3694651

Software ID:

15000324

Software Version:

2015v2.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting and Tax Services	20,216	6,065	0	12,129

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

Bilinski Educational Foundation

EIN:

26-3694651

Software ID:

15000324

Software Version:

2015v2.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Corporate Stocks and Bonds	8,379,410	8,017,701

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

Bilinski Educational Foundation

EIN:

26-3694651

Software ID:

15000324

Software Version:

2015v2.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Investment in CLNS	FMV	7,689,975	9,500,000

- TIN:

TY 2015 OtherExpensesSchedule

Name:

Bilinski Educational Foundation

EIN:

26-3694651

Software ID:

15000324

Software Version:

2015v2.0

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Business License & Registrations	976	293	586
Insurance	3,880	1,164	2,328
Postage and Shipping	500	150	300
Supplies	825	248	495
Telephone / Communications	1,459	437	875

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

Bilinski Educational Foundation

EIN:

26-3694651

Software ID:

15000324

Software Version:

2015v2.0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Federal Tax Refund	2,815

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

Bilinski Educational Foundation

EIN:

26-3694651

Software ID:

15000324

Software Version:

2015v2.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Direct Investment Fees	69,642	69,642	0	0

- TIN:

TY 2015 TaxesSchedule

Name:

Bilinski Educational Foundation

EIN:

26-3694651

Software ID:

15000324

Software Version:

2015v2.0

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
CA Franchise Taxes and Fees	10	3	6
Federal Taxes	7,600
Foreign Taxes on Investment Income	2,304	2,304
Payroll Taxes	9,634	2,890	5,780