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
BLUE FOUNDATION
 
% CLARE MUNANA
Number and street (or P.O. box number if mail is not delivered to street address)5 SOUTH WABASH AVENUE Suite 2110
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL606033041
A Employer identification number

26-1919507
B Telephone number (see instructions)

(312) 219-2455
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$3,025,251J 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) 40,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 91,344 91,344  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 85,639
b Gross sales price for all assets on line 6a 916,225
7 Capital gain net income (from Part IV, line 2)... 85,639
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........ 216,983 176,983  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 44,994     44,994
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 13,455 0 0 13,455
c Other professional fees (attach schedule).... Click to see attachment 27,739 27,739    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,572      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 32,132     32,132
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 27,221     27,221
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 148,113 27,739 0 117,802
25 Contributions, gifts, grants paid....... 562,202 562,202
26 Total expenses and disbursements. Add lines 24 and 25 710,315 27,739 0 680,004
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -493,332
b Net investment income (if negative, enter -0-) 149,244
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......... 178,879 131,133 131,133
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)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,168,737 Click to see attachment2,723,151 2,894,118
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) 3,347,616 2,854,284 3,025,251
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 3,347,616 2,854,284
30 Total net assets or fund balances (see instructions)..... 3,347,616 2,854,284
31 Total liabilities and net assets/fund balances (see instructions). 3,347,616 2,854,284
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
3,347,616
2
Enter amount from Part I, line 27a .....................
2
-493,332
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,854,284
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
2,854,284
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 ARTISAN INTL FUND   2009-03-04 2015-04-02
b ARTISAN INTL FUND   2009-03-04 2015-11-18
c DFA COMMODITY STRATEGY PORT   2013-04-02 2015-06-30
d DODGE & COX INTL STOCK FUND   2009-03-04 2015-04-02
e DODGE & COX INCOME FUND   2015-06-30 2015-11-18
DODGE & COX INCOME FUND   2014-09-30 2015-11-18
DODGE & COX INCOME FUND   2014-09-30 2015-09-24
EATON VANCE ATLANTA CAP SMID   2009-03-04 2015-11-18
FIDELITY NEW MKTS INCOME FUND   2014-12-18 2015-11-18
HARBOR HIGH YIELD BOND FUND   2013-07-25 2015-06-30
HARBOR HIGH YIELD BOND FUND   2013-07-25 2015-11-18
VOYA FLOATING RATE   2014-12-18 2015-06-30
ASTON MONTAG & CALDWELL GROWTH   2009-03-04 2015-06-30
T ROWE PRICE VALUE FUND   2009-03-04 2015-06-30
VANGUARD FTSE ALL WORLD   2013-07-25 2015-06-30
VANGUARD TOTAL INTL BD INDEX   2014-12-18 2015-06-30
VANGUARD SHORT TERM INFL PROT   2013-07-25 2015-04-02
VANGUARD SHORT TERM INFL PROT   2013-07-25 2015-06-30
CAPITAL GAIN DIVIDENDS P    
(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 35,000   13,563 21,437
b 14,000   5,816 8,184
c 49,980   64,899 -14,919
d 29,975   11,326 18,649
e 49,557   50,000 -443
4,423   4,526 -103
59,980   61,200 -1,220
7,980   2,142 5,838
11,980   12,308 -328
49,980   53,491 -3,511
11,980   13,531 -1,551
74,980   74,271 709
20,000   11,490 8,510
24,980   8,421 16,559
40,118   38,602 1,516
143,174   145,000 -1,826
29,975   30,546 -571
226,262   229,454 -3,192
      31,901
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       21,437
b       8,184
c       -14,919
d       18,649
e       -443
      -103
      -1,220
      5,838
      -328
      -3,511
      -1,551
      709
      8,510
      16,559
      1,516
      -1,826
      -571
      -3,192
       
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 85,639
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 672,457 3,956,616 0.169958
2013 594,320 3,931,344 0.151175
2012 549,184 4,118,328 0.133351
2011 446,575 4,250,332 0.105068
2010 656,402 4,389,973 0.149523
2
Total of line 1, column (d) .....................
20.709075
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
0.141815
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
3,418,080
5
Multiply line 4 by line 3......................
5
484,735
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,492
7
Add lines 5 and 6........................
7
486,227
8
Enter qualifying distributions from Part XII, line 4.............
8
680,004
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 1,492
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 1,492
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 1,492
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 3,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,508
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,508 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)
    bulletIL
    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
    Yes
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCLARE MUNANA Telephone no.bullet

    Located atbullet5 SOUTH WABASH AVENUECHICAGOIL ZIP+4bullet606033041
    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
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CLARE MUNANA PRESIDENT/DIRECTOR
    1.0     		0    
    5 South Wabash Avenue
    CHICAGO,IL60603
    RIC ESTRADA DIRECTOR
    1.0     		0    
    ERIE HOUSE
    CHICAGO,IL60622
    CHARLES MCCARTNEY DIRECTOR
    1.0     		0    
    5 South Wabash Avenue
    CHICAGO,IL60603
    MADELEINE MCCARTNEY DIRECTOR
    1.0     		0    
    5 South Wabash Avenue
    CHICAGO,IL60601
    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
     
    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 N/A  
    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
    3,344,318
    b
    Average of monthly cash balances.......................
    1b
    125,814
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,470,132
    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
    3,470,132
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    52,052
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,418,080
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    170,904
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    170,904
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,492
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,492
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    169,412
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    169,412
    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
    169,412
    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
    680,004
    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
    680,004
    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
    1,492
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    678,512
    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 7 169,412
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 2012, 2011 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 445,413
    b From 2011...... 237,855
    c From 2012...... 346,036
    d From 2013...... 403,507
    e From 2014...... 479,770
    fTotal of lines 3a through e........ 1,912,581
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 680,004
    a Applied to 2014, but not more than line 2a 0
    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..... 169,412
    e Remaining amount distributed out of corpus 510,592
    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 2,423,173
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		445,413
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		1,977,760
    10 Analysis of line 9:
    a Excess from 2011.... 237,855
    b Excess from 2012.... 346,036
    c Excess from 2013.... 403,507
    d Excess from 2014.... 479,770
    e Excess from 2015.... 510,592
    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).)
    CLARE M MUNANA
    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.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CLARE MUNANA
    5 SOUTH WABASH AVENUE
    CHICAGO,IL60603
    (312) 624-7685
    bThe form in which applications should be submitted and information and materials they should include:
    ANY
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    Art Institute of Chicago
    111 South Michigan Avenue
    Chicago,IL60603     		N/A PC 2016-2017 Lions Roundtable Membership 1,000
    Alliance Francaise
    810 N Dearborn St
    Chicago,IL60610     		N/A PC EDUCATIONAL OUTREACH PROGRAM 5,000
    Aspen Institute
    One Dupont Circle NW 700
    Washington,DC20036     		N/A PC GENERAL FUNDS, SCHOLARSHIPS 103,100
    Breast Cancer Research Foundation
    60 East 56th Street 8th Floor
    New York,NY10022     		N/A PC 2015 Hot Pink Party 1,000
    Chicago Council on Global Affairs
    332 SOUTH MICHIGAN AVENUE SUITE 11
    Chicago,IL60604     		N/A PC GENERAL FUND 31,477
    Chicago High School for the Arts
    521 EAST 35TH STREET
    Chicago,IL60616     		N/A PC GENERAL FUND 20,000
    Chicago Symphony Orchestra
    220 South Michigan Avenue
    Chicago,IL60604     		N/A PC ANNUAL FUND 3,500
    Erie Neighborhood House
    1701 WEST SUPERIOR
    Chicago,IL60622     		N/A PC GENERAL FUND 500
    The Field Museum
    1400 South Lake Shore Drive
    Chicago,IL60605     		N/A PC ANNUAL FUND 30,000
    Johns Hopkins University
    SAN MARTIN CENTER 3400 N Charles S
    Baltimore,MD21218     		N/A PC ANNUAL FUND 50,000
    Latino Policy Forum
    180 N Michigan Ave Ste 1250
    Chicago,IL60601     		N/A PC ANNUAL BREAKFAST 1,000
    Lycee Francais
    613 W Bittersweet Place
    Chicago,IL60613     		N/A PC GENERAL FUND 7,500
    National Museum of Mexican Art
    1852 W 19th Street
    Chicago,IL60608     		N/A PC Annual Fund 10,000
    Quogue Junior Theater Troupe
    PO BOX 427
    Quogue,NY11959     		N/A PC GENERAL FUND 500
    Ounce of Prevention Fund
    33 WEST MONROE STREET SUITE 2400
    CHICAGO,IL60603     		N/A PC ANNUAL FUND 250
    Bridge Communities
    505 CRESCENT BOULEVARD
    GLEN ELLYN,IL60137     		N/A PC ANNUAL FUND 100
    Boston College
    140 Commonwealth Avenue
    Chestnut Hill,MA02467     		N/A PC SCHOLARSHIPS (3RD PAYMENT OF 5) 50,000
    Cesar E Chavez Elementary
    4747 S MARSHFIELD AVE
    CHICAGO,IL60609     		N/A PC ONLINE LEARNING 3,850
    Chicago Military Academy High School
    3519 S GILES
    CHICAGO,IL60653     		N/A PC ONLINE LEARNING 4,500
    METROsquash
    6100 S COTTAGE GROVE
    CHICAGO,IL60637     		N/A PC GENERAL FUND 80,500
    National Latino Education Institute
    2011 W PERSHING ROAD
    CHICAGO,IL60609     		N/A PC GENERAL FUND 200
    Metropolitan Museum of Art
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		N/A PC GENERAL FUND 550
    Saint Ignatius College Prep
    1076 WEST ROOSEVELT ROAD
    CHICAGO,IL60608     		N/A PC TUITION ASSISTANCE PROGRAM 1,000
    WEB DuBois Institute
    HARVARD UNIVERSITY
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		N/A PC SUPPORT FACULTY OF ARTS AND SCIENCES 15,000
    Alivio Medical Center
    2355 S WESTERN AVE
    CHICAGO,IL60608     		N/A PC GENERAL FUND 1,000
    Cool Classics
    3712 N BROADWAY
    STE 558
    CHICAGO,IL60613     		N/A PC GENERAL FUND 500
    Donors Forum
    208 S LASALLE ST
    STE 1540
    CHICAGO,IL60604     		N/A PC Membership Fee 125
    Eric Solorio Academy High School
    5400 ST LOUIS AVE
    CHICAGO,IL60632     		N/A PC ONLINE LEARNING 2,475
    Chicago Run
    3611 N KEDZIE AVE
    CHICAGO,IL60618     		N/A PC ANNUAL FUND 100
    American Diabetes Association
    55 EAST MONROE ST
    CHICAGO,IL60603     		N/A PC 2015 Father of the Year: M. Sanchez 1,000
    Mujeres Latinas en Accion
    2124 W 21st Street
    Chicago,IL60608     		N/A PC GENERAL FUND 100
    NUSEA
    PO BOX 619
    FORDHAM STATION
    BRONX,NY10458     		N/A PC GENERAL FUND 3,500
    Princeton Parents Fund
    330 Alexander Street
    PRINCETON,NJ08540     		N/A PC ANNUAL FUND 1,000
    The Women's Board of NW Memorial Hospital
    541 North Fairbanks Court Suite 80
    Chicago,IL60611     		N/A PC GENERAL FUND 500
    Women Employed
    65 E Wacker Place Suite 1500
    Chicago,IL60601     		N/A PC GENERAL FUND 100
    After School Matters
    66 E RANDOLF ST
    CHICAGO,IL60601     		N/A PC 2015 Annual Gala 15,000
    Access Living
    115 W Chicago Ave
    Chicago,IL60654     		N/A PC 2015 Gala 250
    Chicago Center for Music Education
    1148 W Chicago Avenue
    Chicago,IL60642     		N/A PC GENERAL FUND 10,000
    Chicago Foundation for Women
    One E Wacker Drive Suite 1620
    Chicago,IL60601     		N/A PC 2015 30th Anniversary Luncheon 3,000
    Chicago HISTORY MUSEUM
    1601 N CLARK STTREET
    Chicago,IL60614     		N/A PC Annual Awards Dinner 500
    Civic Federation
    10 N DEARBORN STREET
    SUITE 800
    Chicago,IL60602     		N/A PC Annual Awards Luncheon 300
    El Valor
    1850 W 21st Street
    Chicago,IL60608     		N/A PC Annual Dinner 250
    Free Spirit Media
    1327 W WASHINGTON
    Chicago,IL60607     		N/A PC Founders Circle Reception 500
    George Washington Carver Military Academy
    13100 S Doty Avenue
    Chicago,IL60827     		N/A PC ONLINE LEARNING 4,500
    Ingenuity The Creative Schools Fund
    11 E Hubbard Suite 200
    Chicago,IL60611     		N/A PC GENERAL FUND 10,000
    Lake Tanganyika Floating Health Clinic
    1646 Leavitt Street
    Chicago,IL60647     		N/A PC GENERAL FUND 500
    Lyric Opera of Chicago
    20 N Wacker Drive Suite 840
    Chicago,IL60606     		N/A PC El Pasado Performance 1,000
    Columbia College Chicago
    Museum of Contemporary Photography
    600 S Michigan Ave
    Chicago,IL60605     		N/A PC GENERAL FUND 300
    Princeton Club of Chicago
    PO Box 350
    Kenilworth,IL60043     		N/A PC Gala Event 1,000
    The Bulletin of Atomic Scientists
    1155 E 60th Street
    Chicago,IL60637     		N/A PC ANNUAL APPEAL 100
    The Leland Stanford Junior University
    Frances C Arrillaga Alumni Center
    326 Galvez Street
    Stanford,CA94305     		N/A PC SCHOLARSHIP FUND 51,000
    The Office for Immigrant Affairs
    3525 S Lake Park Avenue
    Chicago,IL60653     		N/A PC GENERAL FUND 1,000
    Columbia University
    622 W 113th Street
    New York,NY10025     		N/A PC Babies Heart Fund 1,000
    U of Chic Harris School of Public Policy
    1155 E 60th Street
    Chicago,IL60637     		N/A PC Internship Fund 10,000
    UNIVERSITY OF CHICAGO MEDICINE
    5841 South Maryland Avenue mc1140
    Chicago,IL60637     		N/A PC GENERAL FUND 300
    Upwardly Global
    180 N Wabash
    Suite 310
    Chicago,IL60601     		N/A PC GENERAL FUND 1,000
    Von Steuben Metropolitan Science HS
    5039 N Kimball Avenue
    Chicago,IL60625     		N/A PC ONLINE LEARNING 9,775
    The Chicago Community Foundation
    225 N Michigan Avenue Suite 2200
    Chicago,IL60601     		N/A PC IL Business Immigration Coalition 10,000
    Total .................................bullet 3a 562,202
    bApproved for future payment
    Boston College
    More Hall 220
    140 Commonwealth Avenue
    Boston,MA02467     		N/A PC SCHOLARSHIPS 50,000
    Alliance Francaise
    810 N Dearborn St
    Chicago,IL60610     		N/A PC ANNUAL FUND 5,000
    Chicago Symphony Orchestra
    220 South Michigan Avenue
    Chicago,IL60604     		N/A PC Annual Membership- Governor's Circle 3,500
    Field Museum
    1400 South Lake Shore Drive
    Chicago,IL60605     		N/A PC ANNUAL TRUSTEE FUND 30,000
    Art Institute of Chicago
    111 South Michigan Avenue
    Chicago,IL60603     		N/A PC ANNUAL MEMBERSHIP 1,000
    Aspen Institute
    One Dupont Circle 700
    Washington,DC20036     		N/A PC ANNUAL FUND 50,000
    eBrigade
    5 S Wabash Ave Ste 2110
    Chicago,IL60603     		N/A PC ONLINE LEARNING 15,000
    Field Museum
    1400 South Lake SHORE DRIVE
    Chicago,IL60605     		N/A PC 2016 WOMEN'S BOARD GALA 8,000
    METROsquash
    6100 S COTTAGE GROVE
    Chicago,IL60637     		N/A PC ANNUAL FUND 25,000
    Creative Schools Campaign
    11 E Hubbard St Suite 200
    Chicago,IL60611     		N/A PC ANNUAL FUND 10,000
    Chi Arts
    3200 S Calumet Ste 110
    Chicago,IL60616     		N/A PC ANNUAL FUND 20,000
    Lycee Francais
    613 W Bittersweet Place
    Chicago,IL60613     		N/A PC ANNUAL FUND 1,000
    Chicago Council of Global Affairs
    332 SOUTH MICHIGAN AVENUE SUITE 11
    Chicago,IL60604     		N/A PC ANNUAL FUND 25,000
    Aspen Institute
    One Dupont Circle 700
    Washington,DC20036     		N/A PC TRUSTEE ANNUAL FUND 35,000
    Stanford Unviersity
    326 Galvez Street
    Stanford,CA94305     		N/A PC SCHOLARSHIPS 50,000
    After School Matters
    66 E RANDOLF ST
    Chicago,IL60601     		N/A PC ANNUAL FUND 15,000
    METROsquash
    6100 S COTTAGE GROVE
    Chicago,IL60637     		N/A PC ANNUAL GALA 5,000
    METROsquash
    6100 S COTTAGE GROVE
    Chicago,IL60637     		N/A PC CAPITAL CAMPAIGN 50,000
    WEB Du Bois Institute
    104 Mount Auburn Street
    Cambridge,MA02138     		N/A PC ANNUAL FUND 10,000
    WEB Du Bois Circle of 100
    104 Mount Auburn Street
    Cambridge,MA02138     		N/A PC ANNUAL FUND 5,000
    Chicago Community Trust
    225 N Michigan Ave Ste 2200
    Chicago,IL60601     		N/A PC LGBT FUND 7,500
    Field Museum
    1400 South Lake Shore Drive
    Chicago,IL60605     		N/A PC 2015 WOMEN'S BOARD GALA 8,000
    USNA Squash Improvement Fund
    121 Blake Road
    Annapolis,MD21402     		N/A PC 2016 ANNUAL FUND 3,000
    Water for Sudan
    PO Box 25551
    Rochester,NY14625     		N/A PC NOT SPECIFIED 10,000
    Chime
    1148 W Chicago Avenue
    Chicago,IL60642     		N/A PC ANNUAL GALA 10,000
    Illinois Business Immigration Coalition (IBIC)
    C/O Chicago Community TRust
    225 N Michigan Avenue Suite 2200
    Chicago,IL60601     		N/A PC ANNUAL FUND 10,000
    Brain Research Foundation
    111 W Washington St Suite 1710
    Chicago,IL60602     		N/A PC 2015 GALA PLEDGE 5,000
    Brain Research Foundation
    111 W Washington St Suite 1710
    Chicago,IL60602     		N/A PC 2016 ANNUAL GALA 5,000
    Middle East Investment Initiative (MEII)
    500 8th Street NW
    Suite 300
    Washington,DC20004     		N/A PC ANNUAL FUND 25,000
    Middle East Investment Initiative (MEII)
    500 8th Street NW
    Suite 300
    Washington,DC20004     		N/A PC ANNUAL FUND 10,000
    BREAST CANCER RESEARCH FOUNDATION
    60 E 56TH STREET
    NEW YORK,NY10022     		N/A PC ANNUAL - SPRING HOT PINK PARTY 1,000
    Total .................................bullet 3b 508,000
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 91,344  
    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 85,639  
    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)..   176,983  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13176,983
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    BLUE FOUNDATION
     
    Employer identification number

    26-1919507
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    BLUE FOUNDATION
          		Employer identification number
    26-1919507
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    CLARE MUNANA  
    5 SOUTH WABASH AVENUE
     
    CHICAGO, IL60603

    		$ 40,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    BLUE FOUNDATION
          		Employer identification number

    26-1919507
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    BLUE FOUNDATION
          		Employer identification number

    26-1919507
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    BLUE FOUNDATION
    EIN:
    26-1919507
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 12,000     12,000
    ACCOUNTING FEES 1,455     1,455

    TY 2015 AllOthProgRltdInvestmentsSch
    Name:
    BLUE FOUNDATION
    EIN:
    26-1919507
    Category Amount
    N/A  

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

    TY 2015 DepreciationSchedule
    Name:
    BLUE FOUNDATION
    EIN:
    26-1919507
    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

    TY 2015 InvestmentsOtherSchedule2
    Name:
    BLUE FOUNDATION
    EIN:
    26-1919507
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DODGE & COX INCOME AT COST 838,419 867,913
    VANGUARD SHORT TERM AT COST 424,126 454,519
    ARTISAN INTERNATIONAL AT COST 42,143 99,232
    ASTON MONTAG & CALDWELL GROWTH AT COST 42,165 55,987
    DODGE & COX INT'L STOCK AT COST 46,737 101,167
    EATON VANCE ATLANTA SMID AT COST 9,677 33,566
    T ROWE PRICE VALUE AT COST 25,548 67,587
    MERGER FUND AT COST 114,794 109,162
    GATEWAY FUND CL Y AT COST 112,000 120,369
    EAGLE MLP STRATEGY FD AT COST 110,000 62,467
    HARBOR HIGH YEILD BOND AT COST 127,978 109,562
    VOYA FLOATING RATE AT COST 39,729 38,484
    DFA COMMODITY STRATEGY AT COST 45,151 28,015
    DFA US SMALL CAP FUND AT COST 70,000 69,388
    VANGUARD INTL EQTY INDEX AT COST 101,770 94,417
    ISHARES TR RUSSELL 1000 AT COST 140,222 169,398
    FIDELITY NEW MARKETS AT COST 282,692 268,982
    VANGUARD SHORT TERM INFLATION AT COST 0 0
    VANGUARD TOTAL INTL BOND AT COST 0 0
    AQR MGD FUTURES STRAT AT COST 60,000 57,712
    LAZARD GLOBAL LISTED AT COST 90,000 86,191

    TY 2015 OtherExpensesSchedule
    Name:
    BLUE FOUNDATION
    EIN:
    26-1919507
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL REPORT & FILING FEES 25     25
    OUTSIDE CONTRACT SERVICES 26,800     26,800
    SUPPLIES EXPENSE 396     396


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    BLUE FOUNDATION
    EIN:
    26-1919507
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 27,739 27,739    


    TY 2015 TaxesSchedule
    Name:
    BLUE FOUNDATION
    EIN:
    26-1919507
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2015 ESTIMATED TAX 2,572