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
Muna & Basem Hishmeh Foundation Inc
 
% MUNA & BASEM HISHMEH FDN
Number and street (or P.O. box number if mail is not delivered to street address)1850 S OCEAN DRIVE UNIT 3104
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Hallandale Beach, FL33009
A Employer identification number

65-1270242
B Telephone number (see instructions)

(954) 458-1778
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$4,638,646J 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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 259 259  
4 Dividends and interest from securities... 110,045 110,045  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 148,234
b Gross sales price for all assets on line 6a 1,374,239
7 Capital gain net income (from Part IV, line 2)... 148,234
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 258,538 258,538  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 101,268 101,268    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,259 4,350    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 25,561 1,752   23,809
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 135,088 107,370   23,809
25 Contributions, gifts, grants paid....... 281,000 281,000
26 Total expenses and disbursements. Add lines 24 and 25 416,088 107,370   304,809
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -157,550
b Net investment income (if negative, enter -0-) 151,168
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 485,498 192,967 192,967
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 220,164 Click to see attachment215,122 214,676
b Investments—corporate stock (attach schedule)....... 3,319,503 Click to see attachment3,459,526 4,231,003
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,025,165 3,867,615 4,638,646
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 4,025,165 3,867,615
30 Total net assets or fund balances (see instructions)..... 4,025,165 3,867,615
31 Total liabilities and net assets/fund balances (see instructions). 4,025,165 3,867,615
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
4,025,165
2
Enter amount from Part I, line 27a .....................
2
-157,550
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,867,615
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,867,615
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 Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,374,239   1,226,005 148,234
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       148,234
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 148,234
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 277,377 4,446,789 0.062377
2013 256,080 4,092,704 0.06257
2012 334,934 3,691,463 0.090732
2011 397,683 3,885,823 0.102342
2010 274,946 3,855,626 0.07131
2
Total of line 1, column (d) .....................
20.389331
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
0.077866
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
4,733,303
5
Multiply line 4 by line 3......................
5
368,563
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,512
7
Add lines 5 and 6........................
7
370,075
8
Enter qualifying distributions from Part XII, line 4.............
8
304,809
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 3,023
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 3,023
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 3,023
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 2,800
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 2,800
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 223
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNJ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletMUNA & BASEM HISHMEH FDN Telephone no.bullet (954) 458-1778

    Located atbullet1850 S Ocean Drive Unit 3104Hallendale BeachFL ZIP+4bullet33009
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Basem L Hishmeh Pres / Dir
    1.0     		0 0 0
    1850 S OCEAN DRIVE UNIT 3104
    Hallandale Beach,FL33009
    Muna Hishmeh Dir / Sec
    1.0     		0 0 0
    1850 S OCEAN DRIVE UNIT 3104
    Hallandale Beach,FL33009
    Robert Hishmeh Dir / Treas
    1.0     		0 0 0
    1850 S OCEAN DRIVE UNIT 3104
    Hallandale Beach,FL33009
    Amal Ibrahimaj VP / Dir
    1.0     		0 0 0
    1850 S OCEAN DRIVE UNIT 3104
    Hallandale Beach,FL33009
    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
    UBS Financial Services Investment Mgt 101,268
    7700 Wisconsin Ave Suite 300
    Bethesda,MD20814
    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)
    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
    4,563,957
    b
    Average of monthly cash balances.......................
    1b
    241,427
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,805,384
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,805,384
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    72,081
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,733,303
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    236,665
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    236,665
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,023
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,023
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    233,642
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    233,642
    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
    233,642
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    304,809
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    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
    304,809
    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
    304,809
    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 7 233,642
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 84,609
    b From 2011...... 205,664
    c From 2012...... 150,647
    d From 2013...... 57,516
    e From 2014...... 62,247
    fTotal of lines 3a through e........ 560,683
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 304,809
    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)........     		 
    d Applied to 2015 distributable amount..... 233,642
    e Remaining amount distributed out of corpus 71,167
    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 5 631,850
    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) ...     		84,609
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		547,241
    10 Analysis of line 9:
    a Excess from 2011.... 205,664
    b Excess from 2012.... 150,647
    c Excess from 2013.... 57,516
    d Excess from 2014.... 62,247
    e Excess from 2015.... 71,167
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Basem L Hishmeh
    Muna Hishmeh
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AL KAMANDJATI ASSOCIATION
    PO BOX 943
    RAMALLAH,Palestine  
    IS     		N/A NC Expenditure Responsibility Grant 15,000
    ARAB COMMUNITY CENTER FOR ECONOMIC & SOCIAL SERVIC
    2651 SAULINO CT
    DEARBORN,MI48120     		N/A PC Free Craft Sundays Program 5,000
    ARAB COMMUNITY CENTER FOR ECONOMIC & SOCIAL SERVIC
    2651 SAULINO CT
    DEARBORN,MI48120     		N/A PC SURA Arts Academy project 10,000
    ART SPARKS
    PO BOX 1061
    CUYAHOGA FLS,OH44223     		N/A PC General & Unrestricted 1,000
    CUYAHOGA VALLEY YOUTH BALLET
    PO BOX 3131
    CUYAHOGA FLS,OH44223     		N/A PC Reach Out and Dance Programming Support Project 2,500
    EDWARD SAID NATIONAL CONSERVATORY OF MUSIC
    AL ZAHRA ST NO 20 PO BOX 6676
    JERUSALEM,PALESTINE91666
    IS     		N/A PC General & Unrestricted 30,000
    FIRST RAMALLAH GROUP
    AL-TIREH ST PO BOX 2017
    RAMALLAH,PALESTINE  
    IS     		N/A NC Expenditure Responsibility Grant 30,000
    FREE ARTS FOR ABUSED CHILDREN OF NEW YORK CITY INC
    1431 BROADWAY FL 7
    NEW YORK,NY10018     		N/A PC General & Unrestricted 15,000
    MASHJAR JUTHOUR
    5 QASTAL ST
    RAMALLAH,PALESTINE  
    IS     		N/A NC Expenditure Responsibility Grant 20,000
    NATIONAL DANCE INSTITUTE INC
    217 W 147TH ST
    NEW YORK,NY10039     		N/A PC Irene Diamond Summer Institute 20,000
    NEW 42ND STREET INC
    229 W 42ND ST FL 10
    NEW YORK,NY10036     		N/A PC New Victory Children's Education Program 15,000
    PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK INC
    10 LINCOLN CENTER PLZ
    NEW YORK,NY10023     		N/A PC very young composers and free concerts project 35,000
    RAWDAT EL-ZUHUR
    PO BOX 19796
    JERUSALEM,PALESTINE  
    IS     		N/A NC Expenditure Responsibility Grant 30,000
    ROUNDABOUT THEATRE COMPANY INC
    231 W 39TH ST STE 1200
    NEW YORK,NY10018     		N/A PC youth education program 15,000
    THE MUSICAL ARTS ASSOCIATION
    11001 EUCLID AVE
    CLEVELAND,OH44106     		N/A PC Learning Through Music Program 2,500
    THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUN
    300 POMPTON RD
    WAYNE,NJ07470     		N/A PC General & Unrestricted 10,000
    THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUN
    300 POMPTON RD
    WAYNE,NJ07470     		N/A PC Paterson Middle School System music project and exchange activities with ESNCM 25,000
    Total .................................bullet 3a 281,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 259  
    4 Dividends and interest from securities....     14 110,045  
    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 ............     		    18 148,234  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   258,538  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13258,538
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2015 DepreciationSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN:
    65-1270242
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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

    TY 2015 ExpenditureResponsibilityStmt
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN:
    65-1270242
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    RAWDAT EL-ZUHUR
          		PO BOX 19796
    E JERUSALEM,PALESTINE  
    IS     		2014-02-21 20,000 FUNDING FOR MUSIC, ART AND DRAMA PROGRAM FOR CHILDREN WITH LEARNING DIFFICULTIES 20,000 NO 1/29/15   NONE NECESSARY
    RAWDAT EL-ZUHUR
          		PO BOX 19796
    E JERUSALEM,PALESTINE  
    IS     		2015-03-05 30,000 FUNDING FOR MUSIC, ART AND DRAMA PROGRAM FOR CHILDREN WITH LEARNING DIFFICULTIES 30,000 NO 2/15/16   none necessary
    FIRST RAMALLAH GROUP
          		PO BOX 2017
    RAMALLAH,PALESTINE  
    IS     		2014-03-06 30,000 FUNDING FOR SCHOOL OF DANCE 30,000 NO 7/9/15   none necesary
    FIRST RAMALLAH GROUP
          		PO BOX 2017
    RAMALLAH,PALESTINE  
    IS     		2015-03-05 30,000 FUNDING FOR SCHOOL OF DANCE   NO Expected in 2016   none necessary
    THE ORTHODOX CLUB
          		PO BOX 761
    RAMALLAH,PALESTINE  
    IS     		2014-02-27 10,000 FUNDING FOR CHILDREN'S DANCING AND MUSICAL PROGRAMS 10,000 NO 6/15/15    
    AL KAMANDJATI ASSOCIATION
          		PO BOX 943
    RAMALLAH,PALESTINE  
    IS     		2014-03-06 10,000 TO SUPPORT THE MUSIC EDUCATION PROGRAM 10,000 NO 2/2/15   none necessary
    AL KAMANDJATI ASSOCIATION
          		PO BOX 943
    RAMALLAH,PALESTINE  
    IS     		2015-03-05 15,000 TO SUPPORT THE MUSIC EDUCATION PROGRAM 15,000 NO 2/6/16   none necessary
    MASHJAR JUTHOUR
          		5 QASTAL STREET
    RAMALLAH,PALESTINE  
    IS     		2015-03-13 20,000 To support the education program   NO Expected in 2016   none necessary

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN:
    65-1270242
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 12,724 22,596
    ABBVIE INC 3,769 6,753
    ACCOR SA 13,473 12,197
    ADOBE SYSTEMS, INC 7,974 9,582
    ADT LTD 11,489 10,916
    AES CORP 17,081 13,006
    AETNA INC 21,457 19,353
    AKZO NOBEL NV-ADR 16,104 15,732
    ALASKA AIR GROUP INC 7,823 15,699
    ALIBABA GROUP HOLDING LIMITED 25,074 22,268
    ALLEGHENY TECH 17,299 5,760
    ALLERGAN PLC 16,072 17,188
    ALLIANZ SE ADR 14,046 16,651
    ALPHABET INC CL A 36,160 67,687
    ALPHABET INC CL C 11,222 25,043
    AMAZON COM 21,191 31,091
    AMER INTERNATIONAL GROUP INC 18,691 19,335
    AMERICAN ELECTRIC POWER INC 8,162 11,246
    AMERICAN EXPRESS CO 18,022 19,057
    AMERICAN TOWER REIT INC 14,690 19,293
    AMERIPRISE FINANCIAL INC 13,168 22,455
    AMGEN INC 14,255 14,610
    ANHEUSER BUSCH COS INC 10,877 21,875
    ANTHEM INC 27,169 35,557
    APPLE INC 32,406 44,841
    APPLIED MATERIALS INC 12,189 14,395
    ARM HOLDINGS PLC 12,041 12,622
    ASML HOLDING NV NY REG SHS 13,122 12,783
    ASTELLAS PHARMA INC 13,388 17,959
    AT&T, INC 19,664 21,403
    AUTOMATIC DATA PROCESSING INC 9,441 17,368
    AUTOZONE INC 4,890 17,806
    AXA ADS 16,739 14,452
    BAKER HUGHES INC 14,719 13,522
    BANK OF AMERICA CORP 23,345 22,906
    BARCLAYS PLC ADR 29,642 17,885
    BASF AG SPONS ADR 13,262 12,847
    BAXTER INTERNATIONAL INC 2,041 2,022
    BAYER A G SPONSORED ADR 10,088 17,103
    BERKSHIRE HATHAWAY INC. CLASS 13,249 26,408
    BG GROUP PLC ADS 31,280 25,671
    BHP BILLITON LIMITED 30,189 12,081
    BLACKROCK INC 8,052 13,280
    BNP PARIBAS SPONS ADR 20,982 15,967
    BOEING CO 32,834 43,955
    BOSTON SCIENTIFIC 13,860 16,817
    BRISTOL-MYERS SQUIBB CO 9,176 9,906
    BRITISH AMERICAN TOBACCO PLC 10,025 15,573
    BURBERRY GROUP PLC 14,075 11,585
    CAMERON INTERNATIONAL CORP 5,919 6,446
    CARDINAL HEALTH INC 13,429 14,997
    CELGENE CORP 13,149 16,287
    CHARLES SCHWAB CORP 8,855 11,295
    CHESAPEAKE ENERGY CORPORATION 12,238 5,067
    CHEVRON CORP 21,755 22,490
    CHINA CONSTRUCT UNSPON ADR 4,482 4,205
    CIGNA 33,370 44,484
    CINTAS CRP 13,695 16,025
    CISCO SYSTEMS INC 48,325 61,099
    CITIGROUP INC 46,411 54,027
    CK HUTCHISON HLDGS 19,147 17,391
    CNOOC LTD ADS 15,798 11,795
    COMCAST CORP 36,738 72,512
    COMPAGNIE FINANCIERE RICHEMONT 11,540 13,435
    CONAGRA FOODS INC 3,777 3,752
    CONTL AG SPONS ADR 19,021 18,763
    CORNING INC 26,750 24,093
    COSTCO WHOLESALE CORPORATION 4,567 4,522
    CREDIT SUISSE GROUP ADR 26,527 17,135
    CUMMINS INC 12,000 8,185
    CVS CAREMARK CORP 25,360 39,304
    CYPRESS SEMICONDUCTR 7,563 7,868
    DANA HOLDING CP 17,459 13,910
    DANAHER CORP 9,234 15,418
    DBS GROUP HLDGS SPON ADR 10,361 10,461
    DELTA AIR LINES INC 18,579 21,138
    DIAGEO PLC ADS 9,401 11,670
    DOLLAR GENERAL CORP 21,018 20,411
    DOW CHEMICAL PV 37,124 37,580
    DU PONT DE NEMOURS 3,749 7,992
    DUKE ENERGY CO 8,258 11,065
    EAST JAPAN RAILWAY C 8,545 11,422
    EBAY INC 1,613 3,545
    ECOLAB INC 5,193 8,235
    ELECTRONIC ARTS 8,968 13,263
    EMC CORP-MASS 22,501 27,478
    EQUIFAX INC 14,011 14,144
    ESSILOR INTL ADR 5,380 6,270
    EXPRESS SCRIPTS HOLDING CO 12,868 14,597
    EXXON MOBIL CORP 26,710 27,205
    F5 NETWORKS, INC 9,515 10,278
    FACEBOOK INC 27,047 36,108
    FANUC LIMITED UNSPONSORED 11,508 12,705
    FOOT LOCKER INC N.Y. COM 13,362 15,947
    FOREST CITY ENTERPRISES CL A 10,532 12,610
    FRESENIUS MED CAR AG 9,040 11,297
    GAP INC 18,896 16,351
    GENERAL ELECTRIC CO 51,285 69,527
    GENERAL MILLS INC 8,234 13,838
    GENERAL MOTORS 4,508 4,353
    GILEAD SCIENCES INC 23,975 40,678
    GLAXOSMITHKLINE PLC 6,271 5,649
    GLOBAL PAYMENTS INC 13,827 13,741
    HANG LUNG PROPERTIES-SP ADR 10,465 6,165
    HARTFORD FINANCIALSERVICES GRO 15,947 21,295
    HENKEL KGAA PFD SHS ADR 8,180 12,147
    HOME DEPOT INC 21,471 58,851
    HONDA MOTOR CO LTD 15,167 15,390
    HONEYWELL INTL 19,495 26,307
    HSBC HOLDINGS PLC 32,443 23,485
    IMPERIAL BRANDS PL 7,640 12,690
    INDUSTRIAL & COM UNSP/ADR 5,578 5,191
    ING GROUP N V SPONSORED ADR 13,406 19,073
    INTEL CORP 10,321 14,676
    INTERCONTINENTAL EXCHANGE, INC 13,603 15,376
    INTERNATIONAL BUSINESS MACHINE 20,535 17,203
    INTERPUBLIC GROUP OF COS 12,527 14,434
    JAPAN TOB INC 11,819 14,080
    JC PENNEY 17,295 13,300
    JOHNSON & JOHNSON 27,409 42,732
    JP MORGAN CHASE 54,055 79,499
    JUNIPER NETWORKS 10,650 10,046
    KDDI CP UNSP ADR 15,795 20,738
    KIMBERLY CLARK CORP 9,962 20,368
    KOMATSU LTD 11,819 9,406
    KROGER CO 13,874 16,230
    KUBOTA CORPORATION 10,878 17,876
    LABORATORY CORP AMER HLDGS 14,432 14,095
    LAM RESEARCH CORP 9,158 13,104
    LENNAR CORP 11,177 21,863
    LLOYDS TSB GROUP PLC 16,865 14,227
    LOWES COMPANIES INC 9,392 14,752
    LVMH MOET HENN UNSP 16,172 16,377
    MACY'S INC 8,105 7,836
    MAKITA CORP 11,202 12,934
    MARKS & SPENCER GRP ADR 4,772 4,275
    MARSH AND MCLENNAN COMPANIES I 5,875 9,648
    MASCO CORP 13,312 14,207
    MASTERCARD INC 10,484 20,446
    MCKESSON CORP 5,797 13,017
    MEDTRONIC PLC 9,465 9,461
    MERCK & CO INC 42,779 42,467
    METLIFE INC 7,772 9,690
    MICROSOFT CORP 70,567 104,468
    MITSUBISHI ESTATE CO ADR 13,189 14,407
    MORGAN STANLEY 10,708 9,861
    NABORS INDUSTRIES LTD 14,583 6,825
    NASPERS LTD N SPONS ADR 11,219 11,181
    NESTLE S.A 18,254 29,247
    NETAPP, INC 8,423 5,863
    NIDEC CORPORATION ADR 4,818 9,138
    NIKE INC-CL B 8,815 9,625
    NITTO DENKO ADR 6,768 8,852
    NOVARTIS AG ADR 18,582 27,533
    NOVO NORDISK A S 9,250 14,694
    O'REILLY AUTOMOTIVE INC 6,199 16,979
    ORACLE CORP 19,131 23,306
    PAYPAL HOLDINGS, INC 3,630 6,009
    PENTAIR INC. COM 10,745 9,856
    PEPSICO INC 41,203 53,457
    PFIZER INC 40,770 54,553
    PING AN INSURANCE 6,918 9,141
    PPG INDUSTRIES INC 10,004 33,599
    PROCTER GAMBLE CO 12,363 15,882
    BIOGEN INC 10,704 12,560
    PRUDENTIAL FINCL INC 14,348 13,026
    PRUDENTIAL PLC SC 13,099 25,651
    RAYTHEON CO 26,484 47,321
    REYNOLDS AMERICAN INC 9,156 9,368
    RIO TINTO PLC SPONSORED ADR 28,772 16,715
    ROCHE HOLDING LTD ADR 23,288 30,851
    ROCKWELL AUTOMATION INC 14,340 11,698
    ROSS STORES, INC 11,643 16,466
    ROYAL CARRIBEAN CRUISE 14,666 21,254
    SALESFORCE.COM 11,123 12,466
    SANDISK CORP 9,036 10,183
    SANOFI-AVENTIS SPONSORED ADR 20,397 20,515
    SAP AKTIENGESELL ADS 19,432 27,052
    SCHLUMBERGER LTD 30,609 26,924
    SCHNEIDER ELEC UNSP/ADR 21,626 15,112
    SEALED AIR CORP 12,670 22,835
    SHIN-ETSU CHEMICAL C 13,219 12,668
    SIGNATURE BANK 14,409 14,877
    SKYWORKS SOLUTIONS, INC 3,707 13,061
    SOUTH32 LTD 1,683 713
    SOUTHWEST AIRLINES 9,797 14,511
    STARBUCKS CORP COM 8,714 9,605
    STATE STREET CORPORATION 16,412 22,695
    SUMITOMO MITSUI FINCL GRP 21,089 20,706
    SYNCHRONY FINANCIAL 6,258 8,454
    SYNOPSYS, INC 10,682 14,230
    SYSCO CORP 16,669 17,999
    T-MOBILE US INC 11,753 14,279
    TAIWAN SEMICONDUCTOR MFG CO LT 8,547 14,492
    TECHNIP ADS 11,015 5,755
    TEREX CORP 12,842 10,478
    TEVA PHARMECEUTICAL SP ADR 14,942 20,874
    TEXAS INSTRUMENTS INC 11,991 13,812
    TEXTRON INC 16,071 27,937
    TJX COMPANIES INC 11,316 13,260
    TOKYO ELECTRON LTD 11,748 12,827
    TOTAL SYSTEMS SERVICES INC 13,941 12,450
    TOYOTA MTR CORP 21,610 26,454
    TRAVELERS COMPANIES INC 26,032 54,624
    TULLOW OIL PLC 8,987 1,246
    TYCO INTERNATIONAL LTD 18,382 19,198
    UNILEVER N V N Y 12,986 18,238
    UNITED PARCEL SERVICE 34,385 37,049
    UNITED TECHNOLOGIES CORP 10,400 12,489
    UNITEDHEALTH GROUP INC 11,572 13,529
    VISA INC 25,449 43,506
    VODAFONE GROUP PLC 34,602 26,066
    WAL-MART STORES INC 12,046 15,325
    WALT DISNEY HOLDINGS CO 30,088 59,055
    WASTE MANAGEMENT INC 7,641 12,382
    WELLS FARGO & CO 4,901 11,144
    WESTERN DIGITAL CORP 17,242 21,858
    WPP GROUP PLC 8,451 18,014
    WYNN MACAU 14,037 4,375
    ZIONS BANCORP 10,161 9,173
    ZURICH INS GROU ADR 11,045 11,995

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN:
    65-1270242
    US Government Securities - End of Year Book Value:

    215,122
    US Government Securities - End of Year Fair Market Value:

    214,676
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2015 OtherExpensesSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN:
    65-1270242
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 23,809     23,809
    Bank Charges 1,752 1,752    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN:
    65-1270242
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 101,268 101,268    


    TY 2015 TaxesSchedule
    Name:
    Muna & Basem Hishmeh Foundation Inc
    EIN:
    65-1270242
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 2,800      
    990-PF Excise Tax for 2014 1,109      
    Foreign Tax Paid 4,350 4,350