TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015

Name of foundation
FANCY HILL FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231

A Employer identification number

52-2284314

B Telephone number (see instructions)

(410) 537-5404

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$7,998,880J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,380,467
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	159,772		158,082
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		88,493
b	Gross sales price for all assets on line 6a 1,917,915
7	Capital gain net income (from Part IV, line 2)...			88,493
8	Net short-term capital gain.........				0
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........	2,628,732		246,575
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		1,575	0	0	1,575
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		32,368	32,368		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		5,128	2,857		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	39,071		35,225	0	1,575
25	Contributions, gifts, grants paid.......	317,500				317,500
26	Total expenses and disbursements. Add lines 24 and 25	356,571		35,225	0	319,075
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,272,161
b	Net investment income (if negative, enter -0-)			211,350
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	436,928	311,034	311,034
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	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).......	3,217,992	3,379,325	4,441,977
	c	Investments—corporate bonds (attach schedule).......	1,025,923	886,277	865,401
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )		2,380,468	2,380,468
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,680,843	6,957,104	7,998,880
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	4,680,843	6,957,104
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	4,680,843	6,957,104
	31	Total liabilities and net assets/fund balances (see instructions).	4,680,843	6,957,104

Part III

Analysis of Changes in Net Assets or Fund Balances

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

4,680,843

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

2,272,161

Other increases not included in line 2 (itemize) bullet

4,100

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

6,957,104

Decreases not included in line 2 (itemize) bullet

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

6,957,104

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	7. FOSSIL GROUP INC		2012-05-08	2015-01-02
b	50. QUALCOMM CORP.		2009-08-31	2015-01-02
c	79. SUNTRUST BANKS INC.		2013-01-07	2015-01-02
d	54. QUALCOMM CORP.		2009-09-04	2015-01-05
e	16. COVANCE INC		2009-05-04	2015-01-06
	6. FOSSIL GROUP INC		2012-05-08	2015-01-06
	39. QUALCOMM CORP.		2009-09-04	2015-01-06
	17. COVANCE INC		2009-05-04	2015-01-07
	5. FOSSIL GROUP INC		2012-05-08	2015-01-07
	29. QUALCOMM CORP.		2009-09-04	2015-01-07
	12. COVANCE INC		2009-05-04	2015-01-08
	9. FOSSIL GROUP INC		2012-05-08	2015-01-08
	62. GILEAD SCIENCES INC.		2013-12-02	2015-01-08
	38. QUALCOMM CORP.		2009-09-23	2015-01-08
	14. COVANCE INC		2010-07-29	2015-01-09
	15. FOSSIL GROUP INC		2012-05-08	2015-01-09
	84. BEST BUY COMPANY INC		2013-02-22	2015-01-12
	53. BEST BUY COMPANY INC		2014-02-03	2015-01-12
	5. COVANCE INC		2010-07-29	2015-01-12
	4. FOSSIL GROUP INC		2012-05-08	2015-01-12
	285. M & T BK CORP COM		2011-12-16	2015-01-12
	524. REGIONS FINL CORP NEW		2013-04-23	2015-01-12
	5. COVANCE INC		2010-07-29	2015-01-13
	407. REGIONS FINL CORP NEW		2013-02-19	2015-01-13
	10. COVANCE INC		2010-07-29	2015-01-14
	91. DISCOVERY COMMUNICAIONS-A		2014-04-04	2015-01-14
	33. DISCOVERY COMMUNICATIONS-C		2014-03-24	2015-01-14
	16. CORE LABORATORIES N V		2012-10-04	2015-01-14
	9. COVANCE INC		2010-07-29	2015-01-15
	15. DISCOVERY COMMUNICAIONS-A		2014-04-04	2015-01-15
	19. DISCOVERY COMMUNICATIONS-C		2014-03-24	2015-01-15
	7. CORE LABORATORIES N V		2011-08-05	2015-01-15
	387. DISCOVERY COMMUNICAIONS-A		2014-07-09	2015-01-16
	69. DISCOVERY COMMUNICATIONS-C		2014-04-04	2015-01-16
	130. SCHLUMBERGER LTD.		2012-04-02	2015-01-16
	31. CORE LABORATORIES N V		2011-08-05	2015-01-16
	15. DISCOVERY COMMUNICATIONS-C		2014-03-26	2015-01-20
	7. FOSSIL GROUP INC		2012-07-02	2015-01-20
	20. CORE LABORATORIES N V		2011-08-05	2015-01-20
	34. DISCOVERY COMMUNICATIONS-C		2014-03-31	2015-01-21
	8. FOSSIL GROUP INC		2012-07-02	2015-01-21
	29. CORE LABORATORIES N V		2011-08-05	2015-01-21
	183. CITY NATIONAL CORP		2013-08-06	2015-01-22
	296. CITY NATIONAL CORP		2014-10-07	2015-01-22
	42. DISCOVERY COMMUNICATIONS-C		2014-03-31	2015-01-22
	14. FOSSIL GROUP INC		2012-07-02	2015-01-22
	37. QUALCOMM CORP.		2009-09-23	2015-01-22
	6. CORE LABORATORIES N V		2011-08-05	2015-01-22
	28. DISCOVERY COMMUNICATIONS-C		2014-05-03	2015-01-23
	103. DISCOVERY COMMUNICATIONS-C		2014-05-03	2015-01-23
	24. DISCOVERY COMMUNICATIONS-C		2014-02-20	2015-01-26
	11. FOSSIL GROUP INC		2012-07-02	2015-01-26
	69. QUALCOMM CORP.		2009-10-02	2015-01-26
	7. CORE LABORATORIES N V		2011-08-08	2015-01-26
	194. DISCOVERY COMMUNICATIONS-C		2014-09-19	2015-01-27
	6. FOSSIL GROUP INC		2012-07-02	2015-01-27
	6. CORE LABORATORIES N V		2011-08-08	2015-01-27
	31. APPLE COMPUTER INC.		2008-10-08	2015-01-28
	3. FOSSIL GROUP INC		2012-07-02	2015-01-28
	9. CORE LABORATORIES N V		2011-08-08	2015-01-28
	8. FOSSIL GROUP INC		2012-07-02	2015-01-29
	51. CORE LABORATORIES N V		2011-08-08	2015-01-29
	176. DISCOVERY COMMUNICATIONS-C		2014-10-06	2015-01-30
	30. CORE LABORATORIES N V		2011-08-08	2015-01-30
	12. FOSSIL GROUP INC		2012-07-02	2015-02-02
	24. CORE LABORATORIES N V		2012-10-03	2015-02-02
	34. COVANCE INC		2010-07-29	2015-02-03
	66. QUALCOMM CORP.		2009-10-02	2015-02-03
	25. CORE LABORATORIES N V		2012-10-03	2015-02-03
	24. COVANCE INC		2010-09-03	2015-02-04
	60. STARBUCKS CORP.		2012-11-01	2015-02-04
	15. CORE LABORATORIES N V		2011-10-10	2015-02-04
	13. COVANCE INC		2010-09-03	2015-02-05
	18. CORE LABORATORIES N V		2011-10-10	2015-02-05
	10. COVANCE INC		2010-09-03	2015-02-06
	38. FMC TECHNOLOGIES INC		2014-09-05	2015-02-06
	182. INFORMATICA CORP		2014-09-24	2015-02-06
	49. SCHLUMBERGER LTD.		2012-01-18	2015-02-06
	6. COVANCE INC		2010-09-03	2015-02-09
	30. FMC TECHNOLOGIES INC		2014-09-08	2015-02-09
	26. FMC TECHNOLOGIES INC		2012-05-10	2015-02-09
	36. INFORMATICA CORP		2014-09-24	2015-02-09
	18. QUALCOMM CORP.		2009-10-02	2015-02-09
	10. COVANCE INC		2010-09-03	2015-02-10
	38. FMC TECHNOLOGIES INC		2012-05-10	2015-02-10
	101. INFORMATICA CORP		2014-09-24	2015-02-10
	44. QUALCOMM CORP.		2010-01-28	2015-02-10
	9. COVANCE INC		2010-09-03	2015-02-11
	7. COVANCE INC		2010-09-03	2015-02-13
	5. COVANCE INC		2010-09-03	2015-02-17
	35. QUALCOMM CORP.		2010-01-28	2015-02-17
	28. SCHLUMBERGER LTD.		2014-11-28	2015-02-17
	31. COVANCE INC		2010-09-03	2015-02-18
	19. QUALCOMM CORP.		2010-01-28	2015-02-18
	17. QUALCOMM CORP.		2010-01-28	2015-02-19
	89. INFORMATICA CORP		2014-07-31	2015-02-20
	9. CITY NATIONAL CORP		2014-05-19	2015-02-25
	78. CITY NATIONAL CORP		2013-08-21	2015-02-25
	12. INFORMATICA CORP		2014-07-31	2015-02-25
	15. QUALCOMM CORP.		2009-10-09	2015-03-03
	71. SCHLUMBERGER LTD.		2012-01-18	2015-03-03
	72. QUALCOMM CORP.		2010-03-02	2015-03-04
	143. COMMSCOPE HOLDING CO INC		2015-01-27	2015-03-05
	50. QUALCOMM CORP.		2010-04-26	2015-03-05
	96. QUALCOMM CORP.		2010-04-26	2015-03-06
	140. CHARLES SCHWAB CORP.		2013-01-02	2015-03-09
	13. WHOLE FOODS MARKET INC		2013-09-12	2015-03-09
	34. WHOLE FOODS MARKET INC		2013-09-12	2015-03-10
	24. WHOLE FOODS MARKET INC		2013-07-13	2015-03-11
	30. GILEAD SCIENCES INC.		2013-12-06	2015-03-12
	49. INFORMATICA CORP		2014-07-31	2015-03-12
	37. WHOLE FOODS MARKET INC		2013-07-14	2015-03-12
	22. WHOLE FOODS MARKET INC		2013-07-12	2015-03-13
	8. GILEAD SCIENCES INC.		2013-12-06	2015-03-16
	5. GILEAD SCIENCES INC.		2013-12-10	2015-03-17
	5. GILEAD SCIENCES INC.		2013-12-10	2015-03-18
	17. GENPACT LTD USD 0.001		2010-10-19	2015-03-18
	4. GILEAD SCIENCES INC.		2013-12-10	2015-03-19
	3. GILEAD SCIENCES INC.		2014-03-21	2015-03-19
	10. SCHLUMBERGER LTD.		2014-11-28	2015-03-19
	36. SCHLUMBERGER LTD.		2011-12-12	2015-03-19
	8. SCHLUMBERGER LTD.		2014-11-28	2015-03-19
	13. GENPACT LTD USD 0.001		2010-10-19	2015-03-19
	10. GILEAD SCIENCES INC.		2014-03-21	2015-03-20
	44. SCHLUMBERGER LTD.		2011-12-12	2015-03-20
	23. GENPACT LTD USD 0.001		2010-10-19	2015-03-20
	2. GOOGLE INC CL A		2009-02-12	2015-03-23
	2. GOOGLE INC		2009-02-12	2015-03-23
	14. GENPACT LTD USD 0.001		2010-10-19	2015-03-23
	8. GOOGLE INC CL A		2009-02-12	2015-03-24
	8. GOOGLE INC		2009-02-12	2015-03-24
	258. SCHLUMBERGER LTD.		2012-12-14	2015-03-26
	10. GENPACT LTD USD 0.001		2010-10-19	2015-03-30
	99. NORTHERN TR CORP		2014-02-12	2015-03-31
	139. BEST BUY COMPANY INC		2013-02-22	2015-04-01
	83. INFORMATICA CORP		2014-07-31	2015-04-02
	213. CITY NATIONAL CORP		2013-08-27	2015-04-06
	206. INFORMATICA CORP		2014-07-31	2015-04-06
	146. CITY NATIONAL CORP		2013-10-08	2015-04-07
	43. EXPRESS SCRIPTS HLDG CO		2011-03-02	2015-04-09
	203. INFORMATICA CORP		2014-07-31	2015-04-09
	4. GENPACT LTD USD 0.001		2010-10-19	2015-04-09
	12. GENPACT LTD USD 0.001		2010-10-19	2015-04-10
	4. GENPACT LTD USD 0.001		2010-10-19	2015-04-13
	5. GENPACT LTD USD 0.001		2010-10-19	2015-04-16
	5. GENPACT LTD USD 0.001		2013-02-26	2015-04-20
	15. GENPACT LTD USD 0.001		2013-02-26	2015-04-22
	85. CHARLES SCHWAB CORP.		2014-06-19	2015-04-23
	80. SUNTRUST BANKS INC.		2013-01-07	2015-04-23
	11. GENPACT LTD USD 0.001		2013-02-21	2015-04-23
	63. APPLE COMPUTER INC.		2011-08-18	2015-04-27
	41. SUNTRUST BANKS INC.		2012-12-19	2015-04-27
	60. SUNTRUST BANKS INC.		2012-12-19	2015-04-28
	5. GENPACT LTD USD 0.001		2013-02-21	2015-04-29
	15. DAVITA INC		2013-08-20	2015-05-06
	31. EXPRESS SCRIPTS HLDG CO		2011-03-01	2015-05-06
	20. GILEAD SCIENCES INC.		2014-03-21	2015-05-06
	22. DAVITA INC		2007-11-29	2015-05-07
	33. EXPRESS SCRIPTS HLDG CO		2011-03-01	2015-05-07
	15. GILEAD SCIENCES INC.		2014-03-21	2015-05-07
	.1318 GOOGLE INC		2009-01-08	2015-05-07
	11. DAVITA INC		2007-11-29	2015-05-08
	24. GILEAD SCIENCES INC.		2013-11-21	2015-05-08
	10. GENPACT LTD USD 0.001		2013-02-21	2015-05-08
	5. DAVITA INC		2007-11-29	2015-05-11
	3. DAVITA INC		2007-11-29	2015-05-13
	28. DAVITA INC		2007-11-29	2015-05-14
	9. GENPACT LTD USD 0.001		2013-02-21	2015-05-14
	2. INTUITIVE SURGICAL INC		2013-04-19	2015-05-18
	39. CHARLES SCHWAB CORP.		2014-06-17	2015-05-19
	12. VISA INC		2013-08-23	2015-05-19
	106. CISCO SYSTEMS		2013-11-14	2015-05-20
	74. MICROSOFT CORP.		2011-03-30	2015-05-20
	51. NOVARTIS AG ADR		2011-01-14	2015-05-20
	168. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-11-07	2015-05-20
	25. CHARLES SCHWAB CORP.		2014-06-13	2015-05-20
	15. VISA INC		2013-08-23	2015-05-20
	95. GAMESTOP CORP NEW		2014-03-11	2015-05-21
	310. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-11-07	2015-05-21
	77. NORTHERN TR CORP		2014-02-12	2015-05-22
	20. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-10-25	2015-05-22
	56. BAXTER INTL. INC.		2014-03-28	2015-05-26
	47. BAXTER INTL. INC.		2014-06-25	2015-05-26
	21. NETAPP INC		2011-11-29	2015-05-26
	311. NETAPP INC		2015-02-12	2015-05-26
	32. CHARLES SCHWAB CORP.		2014-06-13	2015-05-27
	33. CHARLES SCHWAB CORP.		2014-06-16	2015-05-28
	4. INTUITIVE SURGICAL INC		2013-04-19	2015-06-01
	44. BAXTER INTL. INC.		2014-03-28	2015-06-03
	10. GAMESTOP CORP NEW		2014-11-25	2015-06-03
	50. GAMESTOP CORP NEW		2014-03-18	2015-06-03
	52. GAMESTOP CORP NEW		2014-03-03	2015-06-04
	1. GAMESTOP CORP NEW		2014-11-25	2015-06-04
	42. GAMESTOP CORP NEW		2014-02-28	2015-06-05
	3. MEAD JOHNSON NUTRITION CO-A		2012-01-23	2015-06-05
	370. NETAPP INC		2012-01-18	2015-06-05
	4. MEAD JOHNSON NUTRITION CO-A		2012-01-23	2015-06-09
	16. APPLE COMPUTER INC.		2008-10-08	2015-06-10
	27. GILEAD SCIENCES INC.		2013-11-21	2015-06-10
	24. VISA INC		2013-08-23	2015-06-10
	8. VISA INC		2013-08-22	2015-06-11
	52. WHOLE FOODS MARKET INC		2014-02-18	2015-06-15
	52. WHOLE FOODS MARKET INC		2014-02-18	2015-06-16
	36. WHOLE FOODS MARKET INC		2014-01-27	2015-06-17
	19. VISA INC		2013-08-22	2015-06-18
	29. WHOLE FOODS MARKET INC		2014-02-13	2015-06-18
	17. WHOLE FOODS MARKET INC		2014-02-13	2015-06-19
	48. GAMESTOP CORP NEW		2014-03-27	2015-06-22
	56. WHOLE FOODS MARKET INC		2014-04-24	2015-06-22
	62. NORTHERN TR CORP		2014-02-10	2015-06-23
	97. SUNTRUST BANKS INC.		2013-01-03	2015-06-23
	129. SYNOVUS FINL CORP		2014-12-19	2015-06-23
	18. WHOLE FOODS MARKET INC		2014-04-24	2015-06-24
	143. HOLOGIC INC		2013-04-19	2015-06-25
	19. WHOLE FOODS MARKET INC		2014-04-24	2015-06-25
	166. BAXTER INTL. INC.		2014-04-10	2015-06-26
	102. HOLOGIC INC		2013-04-19	2015-06-26
	38. SALESFORCE COM INC		2013-06-04	2015-07-07
	11. SALESFORCE COM INC		2011-12-22	2015-07-08
	13914.657 METROPOLITAN WEST FDS TOTAL RETURN		2013-05-20	2015-07-14
	79. BAXTER INTL. INC.		2015-02-20	2015-07-15
	296. BAXTER INTL. INC.		2014-03-14	2015-07-15
	17. ESTEE LAUDER COMPANIES CL A		2012-03-16	2015-07-15
	16. WHOLE FOODS MARKET INC		2014-04-23	2015-07-15
	108. BAXTER INTL. INC.		2014-03-14	2015-07-16
	16. ESTEE LAUDER COMPANIES CL A		2012-03-16	2015-07-16
	22. WHOLE FOODS MARKET INC		2014-04-22	2015-07-16
	115. NORTHERN TR CORP		2014-02-10	2015-07-17
	32. SCHLUMBERGER LTD.		2006-06-12	2015-07-17
	33. SCHLUMBERGER LTD.		2006-06-12	2015-07-20
	22. SCHLUMBERGER LTD.		2006-06-12	2015-07-21
	70. SCHLUMBERGER LTD.		2006-06-12	2015-07-22
	576. COACH INC		2014-06-11	2015-07-23
	70. COACH INC		2014-09-04	2015-07-23
	153. SANOFI-SYNTHELABO		2014-10-07	2015-07-23
	. PROCEEDS FROM SECURITIES LITIGATION			2015-07-23
	. PROCEEDS FROM SECURITIES LITIGATION			2015-07-23
	. PROCEEDS FROM SECURITIES LITIGATION			2015-07-23
	16. GAMESTOP CORP NEW		2014-03-27	2015-07-24
	192. JOY GLOBAL INC		2014-07-15	2015-07-24
	10. AMAZON.COM INC		2015-06-17	2015-07-27
	309. COACH INC		2014-09-04	2015-07-27
	96. JOY GLOBAL INC		2014-05-02	2015-07-27
	440. COACH INC		2014-07-11	2015-07-28
	1. COACH INC		2014-09-03	2015-07-28
	99. JOY GLOBAL INC		2014-05-27	2015-07-28
	46. SCHLUMBERGER LTD.		2006-06-12	2015-07-28
	22. SCHLUMBERGER LTD.		2006-06-12	2015-07-29
	621. ENSCO PLC		2015-02-27	2015-07-29
	636. ENSCO PLC		2014-02-19	2015-07-29
	50. ENSCO PLC		2015-02-27	2015-07-30
	11. SCHLUMBERGER LTD.		2006-06-12	2015-08-03
	27. SCHLUMBERGER LTD.		2006-06-12	2015-08-04
	40. NATIONAL-OILWELL INC		2012-05-10	2015-08-05
	32. SCHLUMBERGER LTD.		2006-06-12	2015-08-05
	209. DISCOVERY COMMUNICAIONS-A		2015-01-07	2015-08-06
	309. DISCOVERY COMMUNICAIONS-A		2015-01-07	2015-08-06
	54. NATIONAL-OILWELL INC		2012-12-21	2015-08-06
	80. SCHLUMBERGER LTD.		2008-10-24	2015-08-06
	11. SCHLUMBERGER LTD.		2008-10-24	2015-08-07
	4. NATIONAL-OILWELL INC		2012-12-06	2015-08-10
	78. SCHLUMBERGER LTD.		2009-03-17	2015-08-10
	135. DISCOVERY HOLDING CO. CL A		2015-01-07	2015-08-12
	221. HOLOGIC INC		2013-04-18	2015-08-12
	109. GAMESTOP CORP NEW		2014-03-27	2015-08-13
	769. NETAPP INC		2012-01-18	2015-08-14
	346. CHARLES SCHWAB CORP.		2012-12-19	2015-08-20
	61. SYNOVUS FINANCIAL CORP		2014-12-19	2015-08-20
	190. GILEAD SCIENCES INC.		2013-11-21	2015-08-24
	463. JOY GLOBAL INC		2014-05-27	2015-08-24
	7. AMAZON.COM INC		2015-04-17	2015-08-25
	73. NATIONAL-OILWELL INC		2015-02-06	2015-08-25
	377. NATIONAL-OILWELL INC		2012-12-06	2015-08-25
	467. WHOLE FOODS MARKET INC		2013-05-07	2015-08-25
	184. DISCOVERY COMMUNICAIONS-A		2015-01-28	2015-08-27
	44. EXPRESS SCRIPTS HLDG CO		2011-03-01	2015-08-27
	22. GILEAD SCIENCES INC.		2013-12-12	2015-08-27
	55. SYNOVUS FINL CORP		2014-12-19	2015-08-27
	44. WHOLE FOODS MARKET INC		2013-05-03	2015-08-27
	167. DISCOVERY COMMUNICAIONS-A		2015-01-14	2015-08-28
	11. GILEAD SCIENCES INC.		2013-11-15	2015-08-28
	219. SYNOVUS FINL CORP		2014-10-21	2015-08-28
	10. COPA HOLDINGS SA		2015-04-02	2015-08-28
	11. GILEAD SCIENCES INC.		2013-11-15	2015-08-31
	40. WHOLE FOODS MARKET INC		2013-05-02	2015-08-31
	4. COPA HOLDINGS SA		2015-04-02	2015-08-31
	28. GILEAD SCIENCES INC.		2013-11-15	2015-09-01
	48. WHOLE FOODS MARKET INC		2013-05-02	2015-09-01
	44. GILEAD SCIENCES INC.		2013-11-14	2015-09-02
	49. WHOLE FOODS MARKET INC		2013-05-01	2015-09-02
	2. COPA HOLDINGS SA		2015-04-02	2015-09-02
	44. GILEAD SCIENCES INC.		2013-11-13	2015-09-03
	28. WHOLE FOODS MARKET INC		2013-05-01	2015-09-03
	10. COPA HOLDINGS SA		2015-04-02	2015-09-03
	405. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-10-25	2015-09-04
	54. WHOLE FOODS MARKET INC		2013-05-01	2015-09-08
	182. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-08-08	2015-09-09
	44. WHOLE FOODS MARKET INC		2014-10-31	2015-09-09
	4. WHOLE FOODS MARKET INC		2013-04-30	2015-09-09
	24. WHOLE FOODS MARKET INC		2014-10-31	2015-09-09
	57. COPA HOLDINGS SA		2015-04-02	2015-09-11
	61. COPA HOLDINGS SA		2015-04-02	2015-09-15
	32. COPA HOLDINGS SA		2015-04-02	2015-09-16
	72. JOY GLOBAL INC		2014-03-18	2015-09-17
	139. COPA HOLDINGS SA		2015-07-15	2015-09-17
	22. COPA HOLDINGS SA		2015-07-16	2015-09-18
	114. HOLOGIC INC		2013-05-22	2015-09-21
	3. AMAZON.COM INC		2015-04-17	2015-09-23
	48. CHARLES SCHWAB CORP.		2014-06-16	2015-09-23
	64. COPA HOLDINGS SA		2015-07-23	2015-09-23
	2. AMAZON.COM INC		2015-04-17	2015-09-24
	736. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-10-24	2015-09-24
	79. CHARLES SCHWAB CORP.		2014-06-16	2015-09-25
	254. PLAINS GP HOLDINGS LP-CL A		2015-07-15	2015-09-28
	272. PLAINS GP HOLDINGS LP-CL A		2015-07-29	2015-10-05
	17. APPLE COMPUTER INC.		2008-10-08	2015-10-06
	9233.47 METROPOLITAN WEST FDS TOTAL RETURN		2013-05-20	2015-10-06
	9182.736 METROPOLITAN WEST FDS TOTAL RETURN		2014-12-02	2015-10-06
	5. STERICYCLE INC		2014-11-03	2015-10-06
	17. DANAHER CORP		2011-12-23	2015-10-07
	331. PLAINS GP HOLDINGS LP-CL A		2015-07-24	2015-10-07
	11. STERICYCLE INC		2014-11-04	2015-10-07
	11. DANAHER CORP		2011-12-23	2015-10-08
	11. STERICYCLE INC		2014-10-31	2015-10-08
	. PROCEEDS FROM SECURITIES LITIGATION			2015-10-09
	. PROCEEDS FROM SECURITIES LITIGATION			2015-10-09
	. PROCEEDS FROM SECURITIES LITIGATION			2015-10-09
	40. STARBUCKS CORP.		2012-11-01	2015-10-13
	32. STARBUCKS CORP.		2012-11-01	2015-10-14
	105. OCEANEERING INTERNATIONAL INC		2014-09-19	2015-10-15
	418. JOY GLOBAL INC		2014-10-10	2015-10-23
	2. JOY GLOBAL INC		2014-12-10	2015-10-23
	213. PLAINS GP HOLDINGS LP-CL A		2014-12-15	2015-10-23
	7. AMAZON.COM INC		2015-02-04	2015-10-27
	275. REGIONS FINL CORP NEW		2015-03-26	2015-10-27
	16. FASTENAL CO		2014-03-03	2015-10-28
	361. REGIONS FINL CORP NEW		2015-03-26	2015-10-28
	11. FASTENAL CO		2014-02-27	2015-10-29
	19. FASTENAL CO		2014-03-03	2015-10-29
	104. SANOFI-SYNTHELABO		2014-10-07	2015-10-29
	7. AMAZON.COM INC		2015-02-04	2015-10-30
	16. FASTENAL CO		2014-02-27	2015-10-30
	21. FASTENAL CO		2014-02-27	2015-10-30
	55. GAMESTOP CORP NEW		2014-03-27	2015-10-30
	65. STARBUCKS CORP.		2012-11-01	2015-10-30
	15. FASTENAL CO		2014-09-19	2015-11-02
	21. FASTENAL CO		2014-09-19	2015-11-02
	132. GAMESTOP CORP NEW		2014-02-07	2015-11-02
	59. CHARLES SCHWAB CORP.		2008-11-10	2015-11-03
	43. PLAINS GP HOLDINGS LP-CL A		2014-12-15	2015-11-04
	43. CHARLES SCHWAB CORP.		2008-11-10	2015-11-04
	47. REGIONS FINL CORP NEW		2013-04-19	2015-11-05
	501. REGIONS FINL CORP NEW		2015-01-23	2015-11-05
	192. CHARLES SCHWAB CORP.		2012-12-19	2015-11-05
	46. CHARLES SCHWAB CORP.		2010-05-27	2015-11-05
	147. CHARLES SCHWAB CORP.		2010-05-27	2015-11-05
	112. GARMIN LTD		2015-02-18	2015-11-09
	98. GARMIN LTD		2014-10-02	2015-11-09
	6. COLFAX CORP		2014-12-23	2015-11-12
	11. COLFAX CORP		2014-12-29	2015-11-13
	28. COLFAX CORP		2015-03-03	2015-11-16
	99. GAMESTOP CORP NEW		2014-02-07	2015-11-16
	219. PLAINS GP HOLDINGS LP-CL A		2014-12-15	2015-11-16
	21. COLFAX CORP		2015-03-04	2015-11-18
	3249.768 METROPOLITAN WEST FDS TOTAL RETURN		2013-03-14	2015-11-18
	22. COLFAX CORP		2015-05-22	2015-11-19
	66. SANOFI-SYNTHELABO		2014-07-31	2015-11-19
	34. GARMIN LTD		2014-10-02	2015-11-19
	54. GARMIN LTD		2015-03-27	2015-11-19
	54. ABBVIE INC		2015-02-23	2015-11-20
	21. AMERIPRISE FINL INC		2015-06-23	2015-11-20
	42. APPLE COMPUTER INC.		2011-08-18	2015-11-20
	28. BAXALTA INC W I		2015-10-08	2015-11-20
	135. CISCO SYSTEMS		2015-08-25	2015-11-20
	4. CISCO SYSTEMS		2013-11-14	2015-11-20
	81. COLFAX CORP		2015-05-27	2015-11-20
	80. EBAY INC.		2015-11-05	2015-11-20
	57. FOREST CITY ENTERPRISES INC CL A		2015-01-16	2015-11-20
	41. GAMESTOP CORP NEW		2014-02-06	2015-11-20
	105. GENERAL ELECTRIC CO.		2015-04-17	2015-11-20
	84. HOLOGIC INC		2013-05-22	2015-11-20
	95. J P MORGAN CHASE & CO		2014-10-07	2015-11-20
	43. MICROSOFT CORP.		2015-09-18	2015-11-20
	44. MICROCHIP TECHNOLOGY INC		2015-07-30	2015-11-20
	117. MICRON TECHNOLOGY INC		2015-07-15	2015-11-20
	18. NATIONAL-OILWELL INC		2015-02-06	2015-11-20
	45. NORTHERN TR CORP		2011-02-08	2015-11-20
	39. NOVARTIS AG ADR		2011-01-14	2015-11-20
	48. OCCIDENTAL PETROLEUM CORP.		2014-02-04	2015-11-20
	44. OCEANEERING INTERNATIONAL INC		2014-09-29	2015-11-20
	49. PACCAR INC		2012-09-11	2015-11-20
	49. PAYPAL HOLDINGS INC W I		2014-12-03	2015-11-20
	21. T. ROWE PRICE GROUP INC		2015-06-23	2015-11-20
	30. QUALCOMM CORP.		2013-06-18	2015-11-20
	54. QUALCOMM CORP.		2015-04-23	2015-11-20
	310. REGIONS FINL CORP NEW		2013-04-19	2015-11-20
	82. SANOFI-SYNTHELABO		2014-07-31	2015-11-20
	25. SANOFI-SYNTHELABO		2014-07-31	2015-11-20
	84. CHARLES SCHWAB CORP.		2012-12-19	2015-11-20
	117. SUNCOR ENERGY INC		2014-10-30	2015-11-20
	122. SUNTRUST BANKS INC.		2013-01-03	2015-11-20
	91. SYNOVUS FINL CORP		2014-10-21	2015-11-20
	92. TEVA PHARMACEUTICAL INDS		2014-02-07	2015-11-20
	109. UNILEVER N V - NY SHARES		2014-12-23	2015-11-20
	44. VIACOM INC NEW		2015-05-28	2015-11-20
	64. YAHOO! INC		2015-06-05	2015-11-20
	31. MICHAEL KORS HOLDINGS LTD		2015-09-14	2015-11-20
	75. GARMIN LTD		2015-04-17	2015-11-20
	44. GARMIN LTD		2015-04-17	2015-11-20
	40. CHECK POINT SOFTWARE TECHNOLOGIES INC		2012-10-23	2015-11-20
	4. COLFAX CORP		2015-03-10	2015-11-23
	132. GAMESTOP CORP NEW		2014-02-06	2015-11-23
	21. COLFAX CORP		2014-12-18	2015-11-24
	4. COLFAX CORP		2015-01-06	2015-11-25
	28. COLFAX CORP		2015-01-06	2015-11-30
	224. PLAINS GP HOLDINGS LP-CL A		2014-12-12	2015-11-30
	17. COLFAX CORP		2015-01-06	2015-12-01
	17. COLFAX CORP		2014-12-16	2015-12-02
	31. COLFAX CORP		2014-12-16	2015-12-03
	5. COLFAX CORP		2014-12-16	2015-12-04
	223. PLAINS GP HOLDINGS LP-CL A		2015-07-27	2015-12-04
	20. SANOFI-SYNTHELABO		2014-08-15	2015-12-07
	162. PLAINS GP HOLDINGS LP-CL A		2014-12-16	2015-12-08
	2. COLFAX CORP		2014-12-16	2015-12-10
	191. SANOFI-SYNTHELABO		2014-08-15	2015-12-11
	68. ABBVIE INC		2015-02-23	2015-12-14
	28. APPLE COMPUTER INC.		2011-08-08	2015-12-14
	35. BAXALTA INC W I		2015-10-08	2015-12-14
	123. BEST BUY COMPANY INC		2015-11-19	2015-12-14
	130. CISCO SYSTEMS		2013-11-14	2015-12-14
	15. COLFAX CORP		2015-03-13	2015-12-14
	124. COMMSCOPE HOLDING CO INC		2015-11-11	2015-12-14
	20. COMMSCOPE HOLDING CO INC		2014-12-01	2015-12-14
	76. EBAY INC.		2015-11-05	2015-12-14
	64. FOREST CITY ENTERPRISES INC CL A		2015-01-16	2015-12-14
	21. GAMESTOP CORP NEW		2014-02-06	2015-12-14
	104. GENERAL ELECTRIC CO.		2015-04-17	2015-12-14
	84. HOLOGIC INC		2013-09-24	2015-12-14
	64. J P MORGAN CHASE & CO		2014-03-07	2015-12-14
	51. MERCK & CO INC		2015-11-19	2015-12-14
	4. MERCK & CO INC		2010-05-19	2015-12-14
	4703.669 METROPOLITAN WEST FDS TOTAL RETURN		2013-03-14	2015-12-14
	49. MICROSOFT CORP.		2015-09-18	2015-12-14
	38. MICROCHIP TECHNOLOGY INC		2015-07-30	2015-12-14
	17. NATIONAL-OILWELL INC		2015-02-06	2015-12-14
	35. NORTHERN TR CORP		2011-04-12	2015-12-14
	26. NOVARTIS AG ADR		2011-01-14	2015-12-14
	33. OCCIDENTAL PETROLEUM CORP.		2014-02-04	2015-12-14
	57. OCEANEERING INTERNATIONAL INC		2014-09-29	2015-12-14
	33. PACCAR INC		2012-09-11	2015-12-14
	31. PAYPAL HOLDINGS INC W I		2014-11-24	2015-12-14
	56. PHILIP MORRIS INTERNATIONAL		2015-11-19	2015-12-14
	26. T. ROWE PRICE GROUP INC		2015-06-23	2015-12-14
	55. QUALCOMM CORP.		2013-07-10	2015-12-14
	287. REGIONS FINL CORP NEW		2013-04-19	2015-12-14
	74. CHARLES SCHWAB CORP.		2012-12-19	2015-12-14
	70. SUNCOR ENERGY INC		2014-11-03	2015-12-14
	81. SUNTRUST BANKS INC.		2013-04-19	2015-12-14
	80. SYNOVUS FINL CORP		2014-10-21	2015-12-14
	62. TEVA PHARMACEUTICAL INDS		2014-02-07	2015-12-14
	71. UNILEVER N V - NY SHARES		2014-12-12	2015-12-14
	38. VIACOM INC NEW		2015-05-28	2015-12-14
	76. YAHOO! INC		2015-06-05	2015-12-14
	37. MICHAEL KORS HOLDINGS LTD		2015-09-14	2015-12-14
	65. GARMIN LTD		2015-04-24	2015-12-14
	27. CHECK POINT SOFTWARE TECHNOLOGIES INC		2012-10-22	2015-12-14
	7. AMAZON.COM INC		2015-02-04	2015-12-15
	4. COLFAX CORP		2014-12-11	2015-12-15
	3. COLFAX CORP		2015-03-13	2015-12-15
	113. QUALCOMM CORP.		2013-07-10	2015-12-15
	9. COLFAX CORP		2014-12-11	2015-12-16
	36. COLFAX CORP		2015-03-25	2015-12-16
	4. COLFAX CORP		2015-01-07	2015-12-17
	34. DAVITA INC		2008-01-14	2015-12-17
	31. EXPRESS SCRIPTS HLDG CO		2011-03-01	2015-12-17
	11. FMC TECHNOLOGIES INC		2015-07-21	2015-12-17
	2. INTUITIVE SURGICAL INC		2013-07-09	2015-12-17
	8. COLFAX CORP		2015-01-09	2015-12-18
	6. COLFAX CORP		2015-01-07	2015-12-18
	25. FMC TECHNOLOGIES INC		2015-07-21	2015-12-18
	2. INTUITIVE SURGICAL INC		2013-07-09	2015-12-18
	31. COLFAX CORP		2015-01-09	2015-12-21
	39. FMC TECHNOLOGIES INC		2015-07-21	2015-12-21
	2. INTUITIVE SURGICAL INC		2013-07-09	2015-12-21
	37. APPLE COMPUTER INC.		2008-10-08	2015-12-22
	12. COLFAX CORP		2014-12-12	2015-12-22
	25. COLFAX CORP		2015-03-26	2015-12-22
	24. FMC TECHNOLOGIES INC		2015-07-20	2015-12-22
	3. INTUITIVE SURGICAL INC		2013-07-09	2015-12-22
	34. COLFAX CORP		2015-04-08	2015-12-23
	6. COLFAX CORP		2014-12-12	2015-12-23
	2. COLFAX CORP		2015-01-12	2015-12-23
	53. FMC TECHNOLOGIES INC		2015-07-22	2015-12-23
	10. COLFAX CORP		2015-04-08	2015-12-29
	13. FMC TECHNOLOGIES INC		2015-07-22	2015-12-29
	34. COLFAX CORP		2014-12-17	2015-12-30
	20. COLFAX CORP		2015-04-08	2015-12-30
	17. FMC TECHNOLOGIES INC		2015-07-22	2015-12-30
	10. COLFAX CORP		2015-02-10	2015-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	771	554	217
b	3,701	2,314	1,387
c	3,288	2,288	1,000
d	4,000	2,466	1,534
e	1,675	637	1,038
	644	475	169
	2,863	1,770	1,093
	1,783	677	1,106
	527	396	131
	2,147	1,316	831
	1,268	478	790
	941	712	229
	6,314	4,608	1,706
	2,836	1,711	1,125
	1,483	554	929
	1,549	1,187	362
	3,275	1,430	1,845
	2,066	1,228	838
	532	197	335
	412	316	96
	33,482	20,704	12,778
	5,004	4,246	758
	531	197	334
	3,884	3,240	644
	1,059	394	665
	2,723	3,834	-1,111
	957	1,355	-398
	1,624	1,620	4
	953	355	598
	444	631	-187
	546	780	-234
	701	704	-3
	11,293	15,913	-4,620
	1,970	2,828	-858
	10,442	9,155	1,287
	3,102	3,119	-17
	423	615	-192
	686	528	158
	2,046	2,012	34
	969	1,391	-422
	794	603	191
	3,071	2,917	154
	16,129	12,890	3,239
	26,088	21,614	4,474
	1,212	1,709	-497
	1,407	1,056	351
	2,653	1,652	1,001
	640	604	36
	806	1,133	-327
	2,958	4,150	-1,192
	699	960	-261
	1,088	830	258
	4,999	2,966	2,033
	754	703	51
	5,620	7,632	-2,012
	601	453	148
	647	602	45
	3,637	412	3,225
	302	226	76
	907	904	3
	805	603	202
	4,595	5,115	-520
	5,011	6,521	-1,510
	2,781	3,007	-226
	1,178	905	273
	2,323	2,402	-79
	3,623	1,340	2,283
	4,373	2,763	1,610
	2,627	2,469	158
	2,560	945	1,615
	5,346	2,779	2,567
	1,576	1,474	102
	1,385	510	875
	1,943	1,760	183
	1,064	393	671
	1,464	2,163	-699
	7,781	6,026	1,755
	4,238	3,424	814
	636	236	400
	1,165	1,693	-528
	1,010	1,174	-164
	1,531	1,166	365
	1,213	753	460
	1,063	393	670
	1,470	1,341	129
	4,310	3,223	1,087
	3,072	1,829	1,243
	961	353	608
	749	275	474
	536	196	340
	2,474	1,436	1,038
	2,472	2,385	87
	3,314	1,214	2,100
	1,343	780	563
	1,205	697	508
	3,913	2,823	1,090
	811	626	185
	7,032	5,385	1,647
	528	381	147
	1,076	614	462
	6,008	4,961	1,047
	5,100	2,913	2,187
	4,341	3,302	1,039
	3,550	1,906	1,644
	6,823	3,597	3,226
	4,323	2,070	2,253
	724	782	-58
	1,854	2,030	-176
	1,299	1,355	-56
	2,990	2,227	763
	2,135	1,555	580
	2,017	2,078	-61
	1,194	1,233	-39
	809	586	223
	503	365	138
	499	364	135
	403	295	108
	406	292	114
	304	219	85
	811	852	-41
	2,918	2,572	346
	649	682	-33
	308	226	82
	1,022	728	294
	3,619	2,653	966
	545	399	146
	1,134	353	781
	1,120	352	768
	332	243	89
	4,618	1,347	3,271
	4,560	1,343	3,217
	21,523	16,940	4,583
	234	174	60
	6,921	6,178	743
	5,156	2,365	2,791
	3,674	2,633	1,041
	19,261	14,368	4,893
	9,244	6,535	2,709
	13,222	9,695	3,527
	3,789	2,419	1,370
	9,697	6,440	3,257
	91	69	22
	271	208	63
	92	69	23
	113	86	27
	112	86	26
	336	259	77
	2,599	2,291	308
	3,281	2,302	979
	247	190	57
	8,347	3,315	5,032
	1,685	1,178	507
	2,462	1,724	738
	111	86	25
	1,221	788	433
	2,605	1,741	864
	2,051	1,457	594
	1,799	666	1,133
	2,775	1,853	922
	1,516	1,088	428
	70	21	49
	906	333	573
	2,481	1,718	763
	229	173	56
	409	151	258
	244	91	153
	2,286	848	1,438
	208	155	53
	1,007	956	51
	1,238	1,031	207
	843	536	307
	3,142	2,228	914
	3,510	1,895	1,615
	5,279	2,925	2,354
	5,542	5,413	129
	795	648	147
	1,050	670	380
	3,869	3,734	135
	10,336	9,829	507
	5,827	4,768	1,059
	659	623	36
	3,776	4,094	-318
	3,169	3,472	-303
	681	751	-70
	10,091	11,241	-1,150
	1,015	830	185
	1,051	854	197
	2,017	1,909	108
	2,899	3,216	-317
	441	374	67
	2,204	1,954	250
	2,296	1,931	365
	44	37	7
	1,855	1,557	298
	285	218	67
	12,536	13,206	-670
	372	291	81
	2,062	213	1,849
	3,149	1,933	1,216
	1,669	1,071	598
	560	357	203
	2,094	2,773	-679
	2,118	2,676	-558
	1,471	1,840	-369
	1,321	848	473
	1,192	1,481	-289
	697	866	-169
	2,112	1,749	363
	2,318	2,847	-529
	4,840	3,757	1,083
	4,298	2,786	1,512
	3,971	3,417	554
	738	913	-175
	5,389	3,051	2,338
	778	959	-181
	11,988	11,897	91
	3,881	2,174	1,707
	2,655	990	1,665
	766	274	492
	150,000	152,505	-2,505
	2,981	2,952	29
	11,169	11,193	-24
	1,525	1,075	450
	662	794	-132
	4,080	3,970	110
	1,435	1,011	424
	916	1,087	-171
	8,950	6,128	2,822
	2,689	1,815	874
	2,771	1,871	900
	1,853	1,248	605
	5,965	3,969	1,996
	17,885	23,033	-5,148
	2,174	2,617	-443
	8,194	8,427	-233
	29		29
	29		29
	279		279
	752	579	173
	5,191	11,491	-6,300
	5,327	4,281	1,046
	9,497	11,383	-1,886
	2,501	5,693	-3,192
	13,625	15,086	-1,461
	31	37	-6
	2,587	5,744	-3,157
	3,777	2,608	1,169
	1,842	1,248	594
	11,201	24,250	-13,049
	11,471	34,681	-23,210
	900	1,233	-333
	906	624	282
	2,223	1,531	692
	1,626	2,476	-850
	2,646	1,815	831
	6,020	6,646	-626
	9,211	9,826	-615
	2,195	3,306	-1,111
	6,662	4,167	2,495
	914	527	387
	164	245	-81
	6,561	3,244	3,317
	3,891	4,247	-356
	9,207	4,695	4,512
	5,139	3,947	1,192
	23,771	23,894	-123
	11,188	5,016	6,172
	1,874	1,616	258
	19,829	13,526	6,303
	11,276	26,434	-15,158
	3,452	2,669	783
	2,832	3,639	-807
	14,719	22,458	-7,739
	15,074	21,291	-6,217
	4,976	5,496	-520
	3,623	2,470	1,153
	2,370	1,543	827
	1,654	1,344	310
	1,458	1,988	-530
	4,537	4,976	-439
	1,180	765	415
	6,597	5,251	1,346
	520	981	-461
	1,163	765	398
	1,311	1,805	-494
	208	392	-184
	2,882	1,943	939
	1,549	2,161	-612
	4,508	3,010	1,498
	1,578	2,186	-608
	100	196	-96
	4,539	2,988	1,551
	908	1,249	-341
	492	981	-489
	10,312	12,512	-2,200
	1,755	2,386	-631
	4,642	5,612	-970
	1,421	1,718	-297
	131	176	-45
	785	943	-158
	2,561	5,589	-3,028
	2,796	5,982	-3,186
	1,467	3,138	-1,671
	1,366	4,069	-2,703
	6,557	12,353	-5,796
	1,055	1,841	-786
	4,759	2,398	2,361
	1,614	1,144	470
	1,368	1,240	128
	2,852	4,946	-2,094
	1,067	748	319
	15,337	22,560	-7,223
	2,250	1,517	733
	4,310	5,878	-1,568
	5,028	6,926	-1,898
	1,894	226	1,668
	100,275	100,607	-332
	99,725	100,000	-275
	717	632	85
	1,498	810	688
	6,353	7,917	-1,564
	1,587	1,386	201
	973	523	450
	1,594	1,352	242
	118		118
	39		39
	38		38
	2,412	926	1,486
	1,895	741	1,154
	4,913	6,821	-1,908
	7,286	22,615	-15,329
	35	100	-65
	3,685	5,093	-1,408
	4,280	2,563	1,717
	2,536	2,575	-39
	624	741	-117
	3,331	3,348	-17
	429	510	-81
	740	880	-140
	5,095	5,545	-450
	4,397	2,563	1,834
	627	741	-114
	823	973	-150
	2,544	1,981	563
	4,076	1,504	2,572
	589	695	-106
	825	973	-148
	6,107	4,689	1,418
	1,865	1,044	821
	558	1,028	-470
	1,358	749	609
	457	370	87
	4,870	4,560	310
	6,067	2,783	3,284
	1,455	766	689
	4,647	2,481	2,166
	4,174	5,778	-1,604
	3,652	4,852	-1,200
	162	162
	291	598	-307
	744	1,466	-722
	3,737	3,511	226
	2,691	5,234	-2,543
	551	1,091	-540
	35,000	35,357	-357
	582	1,143	-561
	2,924	3,503	-579
	1,257	1,675	-418
	1,997	2,564	-567
	3,301	3,301
	2,407	2,716	-309
	5,007	2,177	2,830
	959	874	85
	3,721	3,379	342
	110	84	26
	2,188	4,114	-1,926
	2,322	2,322
	1,246	1,397	-151
	1,602	1,453	149
	3,239	2,860	379
	3,357	1,720	1,637
	6,419	5,652	767
	2,322	1,874	448
	2,079	1,891	188
	1,795	2,272	-477
	670	897	-227
	3,397	2,368	1,029
	3,449	2,215	1,234
	3,557	4,049	-492
	1,924	2,854	-930
	2,527	2,046	481
	1,781	1,630	151
	1,601	1,601
	1,489	1,862	-373
	2,679	3,663	-984
	3,112	2,418	694
	3,647	4,352	-705
	1,106	1,327	-221
	2,797	1,218	1,579
	3,213	4,075	-862
	5,295	3,465	1,830
	3,004	2,182	822
	5,667	4,104	1,563
	4,859	4,354	505
	2,318	2,318
	2,115	2,751	-636
	1,274	1,335	-61
	2,812	3,537	-725
	1,639	2,048	-409
	3,378	1,713	1,665
	108	197	-89
	4,702	4,679	23
	570	1,030	-460
	109	194	-85
	760	1,357	-597
	2,754	5,352	-2,598
	460	823	-363
	462	821	-359
	833	1,497	-664
	138	242	-104
	2,269	5,289	-3,020
	868	1,057	-189
	1,451	3,802	-2,351
	49	97	-48
	7,997	10,047	-2,050
	3,741	4,180	-439
	3,133	1,400	1,733
	1,326	1,093	233
	3,662	3,686	-24
	3,423	2,719	704
	355	724	-369
	3,155	3,198	-43
	509	441	68
	2,123	2,212	-89
	1,359	1,568	-209
	631	744	-113
	3,135	2,833	302
	3,133	1,720	1,413
	4,084	3,799	285
	2,647	2,771	-124
	208	131	77
	50,000	51,176	-1,176
	2,677	2,136	541
	1,689	1,633	56
	566	847	-281
	2,434	1,836	598
	2,189	1,476	713
	2,180	2,664	-484
	2,152	3,688	-1,536
	1,553	1,378	175
	1,074	1,026	48
	4,858	4,809	49
	1,813	2,052	-239
	2,551	3,398	-847
	2,655	1,966	689
	2,370	1,073	1,297
	1,753	2,466	-713
	3,385	2,297	1,088
	2,487	1,918	569
	3,969	2,760	1,209
	2,998	2,787	211
	1,545	2,547	-1,002
	2,473	3,260	-787
	1,479	1,593	-114
	2,242	3,013	-771
	2,285	1,137	1,148
	4,650	2,290	2,360
	94	192	-98
	70	144	-74
	5,499	6,653	-1,154
	212	431	-219
	849	1,720	-871
	94	191	-97
	2,319	1,004	1,315
	2,698	1,727	971
	323	402	-79
	1,086	887	199
	177	382	-205
	133	286	-153
	715	913	-198
	1,074	823	251
	688	1,478	-790
	1,116	1,421	-305
	1,073	823	250
	3,966	492	3,474
	271	568	-297
	564	1,191	-627
	696	874	-178
	1,623	1,234	389
	801	1,595	-794
	143	284	-141
	48	94	-46
	1,563	1,849	-286
	232	468	-236
	381	435	-54
	798	1,582	-784
	469	933	-464
	497	569	-72
	235	462	-227
			38,925

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			217
b			1,387
c			1,000
d			1,534
e			1,038
			169
			1,093
			1,106
			131
			831
			790
			229
			1,706
			1,125
			929
			362
			1,845
			838
			335
			96
			12,778
			758
			334
			644
			665
			-1,111
			-398
			4
			598
			-187
			-234
			-3
			-4,620
			-858
			1,287
			-17
			-192
			158
			34
			-422
			191
			154
			3,239
			4,474
			-497
			351
			1,001
			36
			-327
			-1,192
			-261
			258
			2,033
			51
			-2,012
			148
			45
			3,225
			76
			3
			202
			-520
			-1,510
			-226
			273
			-79
			2,283
			1,610
			158
			1,615
			2,567
			102
			875
			183
			671
			-699
			1,755
			814
			400
			-528
			-164
			365
			460
			670
			129
			1,087
			1,243
			608
			474
			340
			1,038
			87
			2,100
			563
			508
			1,090
			185
			1,647
			147
			462
			1,047
			2,187
			1,039
			1,644
			3,226
			2,253
			-58
			-176
			-56
			763
			580
			-61
			-39
			223
			138
			135
			108
			114
			85
			-41
			346
			-33
			82
			294
			966
			146
			781
			768
			89
			3,271
			3,217
			4,583
			60
			743
			2,791
			1,041
			4,893
			2,709
			3,527
			1,370
			3,257
			22
			63
			23
			27
			26
			77
			308
			979
			57
			5,032
			507
			738
			25
			433
			864
			594
			1,133
			922
			428
			49
			573
			763
			56
			258
			153
			1,438
			53
			51
			207
			307
			914
			1,615
			2,354
			129
			147
			380
			135
			507
			1,059
			36
			-318
			-303
			-70
			-1,150
			185
			197
			108
			-317
			67
			250
			365
			7
			298
			67
			-670
			81
			1,849
			1,216
			598
			203
			-679
			-558
			-369
			473
			-289
			-169
			363
			-529
			1,083
			1,512
			554
			-175
			2,338
			-181
			91
			1,707
			1,665
			492
			-2,505
			29
			-24
			450
			-132
			110
			424
			-171
			2,822
			874
			900
			605
			1,996
			-5,148
			-443
			-233
			29
			29
			279
			173
			-6,300
			1,046
			-1,886
			-3,192
			-1,461
			-6
			-3,157
			1,169
			594
			-13,049
			-23,210
			-333
			282
			692
			-850
			831
			-626
			-615
			-1,111
			2,495
			387
			-81
			3,317
			-356
			4,512
			1,192
			-123
			6,172
			258
			6,303
			-15,158
			783
			-807
			-7,739
			-6,217
			-520
			1,153
			827
			310
			-530
			-439
			415
			1,346
			-461
			398
			-494
			-184
			939
			-612
			1,498
			-608
			-96
			1,551
			-341
			-489
			-2,200
			-631
			-970
			-297
			-45
			-158
			-3,028
			-3,186
			-1,671
			-2,703
			-5,796
			-786
			2,361
			470
			128
			-2,094
			319
			-7,223
			733
			-1,568
			-1,898
			1,668
			-332
			-275
			85
			688
			-1,564
			201
			450
			242
			118
			39
			38
			1,486
			1,154
			-1,908
			-15,329
			-65
			-1,408
			1,717
			-39
			-117
			-17
			-81
			-140
			-450
			1,834
			-114
			-150
			563
			2,572
			-106
			-148
			1,418
			821
			-470
			609
			87
			310
			3,284
			689
			2,166
			-1,604
			-1,200

			-307
			-722
			226
			-2,543
			-540
			-357
			-561
			-579
			-418
			-567

			-309
			2,830
			85
			342
			26
			-1,926

			-151
			149
			379
			1,637
			767
			448
			188
			-477
			-227
			1,029
			1,234
			-492
			-930
			481
			151

			-373
			-984
			694
			-705
			-221
			1,579
			-862
			1,830
			822
			1,563
			505

			-636
			-61
			-725
			-409
			1,665
			-89
			23
			-460
			-85
			-597
			-2,598
			-363
			-359
			-664
			-104
			-3,020
			-189
			-2,351
			-48
			-2,050
			-439
			1,733
			233
			-24
			704
			-369
			-43
			68
			-89
			-209
			-113
			302
			1,413
			285
			-124
			77
			-1,176
			541
			56
			-281
			598
			713
			-484
			-1,536
			175
			48
			49
			-239
			-847
			689
			1,297
			-713
			1,088
			569
			1,209
			211
			-1,002
			-787
			-114
			-771
			1,148
			2,360
			-98
			-74
			-1,154
			-219
			-871
			-97
			1,315
			971
			-79
			199
			-205
			-153
			-198
			251
			-790
			-305
			250
			3,474
			-297
			-627
			-178
			389
			-794
			-141
			-46
			-286
			-236
			-54
			-784
			-464
			-72
			-227

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	88,493
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	269,760	5,937,332	0.045435
2013	241,685	5,247,174	0.04606
2012	55,000	4,812,805	0.011428
2011	41,250	4,649,366	0.008872
2010	237,550	4,228,887	0.056173

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

20.167968

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

0.033594

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

8,117,888

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

272,712

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

2,114

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

274,826

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

319,075

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,114
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	2,114
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,114
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	5,244
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	5,244
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,130
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax2,116	Refunded	11	1,014

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

The books are in care of bullet

BROWN ADVISORY Telephone no. bullet

(410) 537-5404

Located at bullet

901 SOUTH BOND STREETBALTIMOREMD ZIP+4 bullet

21231

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

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

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

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

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BENJAMIN H GRISWOLD IV	TRUSTEE 1	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 1	0
JACK S GRISWOLD	TRUSTEE 1	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 1	0
JACK S GRISWOLD JR	TRUSTEE 1	0
295 CENTRAL PARK WEST NEW YORK,NY10024	TRUSTEE 1	0
MICHAEL D HANKIN	TRUSTEE 1	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 1	0
BENJAMIN HUFTY GRISWOLD	TRUSTEE 1	0
142 EAST 71ST ST 11A NEW YORK,NY10021	TRUSTEE 1	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

7,869,757

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

371,754

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

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

8,241,511

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

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

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

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

8,241,511

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

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

123,623

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

8,117,888

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

405,894

Part XI

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

and do not complete this part.)

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

405,894

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

2,114

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

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

2,114

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

403,780

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

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

403,780

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

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

403,780

Part XII

Qualifying Distributions (see instructions)

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

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

319,075

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

319,075

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

2,114

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

316,961

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					403,780
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				217,057
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 319,075
a Applied to 2014, but not more than line 2a				217,057
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....					102,018
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					301,762
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHESPAEAKE BAY FDN 162 PRINCE GEORGE STREET ANNAPOLIS,MD21401	NONE	PUBLIC CHARITY	GENERAL	10,000
LADEW TOPIARY GARDENS 3535 JARRETTSVILLE PIKE MONKTON,MD21111	NONE	PUBLIC CHARITY	GENERAL	50,000
CALVERT SCHOOL CAPITAL CAMPAIGN 105 TUSCANY ROAD BALTIMORE,MD21210	NONE	PUBLIC CHARITY	GENERAL	10,000
ENTERPRISE FOUNDATION 10227 WINCOPIN CIRCLE COLUMBIA,MD21044	NONE	PUBLIC CHARITY	GENERAL	20,000
GBMC FOUNDATION 6701 NORTH CHARLES STREET BALTIMORE,MD21204	NONE	PUBLIC CHARITY	GENERAL	50,000
JOHNS HOPKINS UNIVERSITY 3400 NORTH CHARLES STREET BALTIMORE,MD21218	NONE	PUBLIC CHARITY	GENERAL	20,000
CRISTO REY JESUIT SCHOOL 420 SOUTH CHESTER STREET BALTIMORE,MD212312729	NONE	PUBLIC CHARITY	GENERAL	25,000
AWAKENED LIFE P O BOX 2368 SANTA FE,NM87504	NONE	PUBLIC CHARITY	GENERAL	25,000
THINKGIVE 26 ELM STREET CONCORD,MA01742	NONE	PUBLIC CHARITY	GENERAL	2,500
MARYLAND ZOO IN BALTIMORE 11000 BROKEN LAND PARKWAY COLUMBIA,MD21044	NONE	PUBLIC CHARITY	GENERAL	20,000
KENNEDY KRIEGER INSTITUTE 707 N BROADWAY BALTIMORE,MD21205	NONE	PUBLIC CHARITY	EQUIPMENT FOR PATIENTS	10,000
EVERYMAN THEATER 1727 NORTH CHARLES STREET BALTIMORE,MD21201	NONE	PUBLIC CHARITY	CAPITAL CAMPAIGN	5,000
FATHER MARTIN'S ASHLEY 800 TYDINGS LANE HAVRE DE GRACE,MD21078	NONE	PUBLIC CHARITY	NEW BUILDING CAPITAL	25,000
R ADAMS COWLEY SHOCK TRAUMA CENTER 22 SOUTH GREENE STREET BALTIMORE,MD21201	NONE	PUBLIC CHARITY	NEW SHOCK TRAUMA CARE TOWER	20,000
ATLANTIC SALMON FEDERATION PO BOX 807 CALAIS,ME04619	NONE		GENERAL	25,000
Total ................................. 3a				317,500

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	159,772
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	88,493
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)..				248,265

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

13248,265

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of organization FANCY HILL FOUNDATION

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	DESC TR FBO BH GRISWOLD IV 901 S BOND ST BALTIMORE, MD21231	$ 793,489	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	DESC TR FBO JS GRISWOLD 901 S BOND ST BALTIMORE, MD21231	$ 793,489	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	DESC TR FBO NG KNOX 901 S BOND ST BALTIMORE, MD21231	$ 793,489	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Name of organization FANCY HILL FOUNDATION		Employer identification number 52-2284314

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
1	PROMISSORY NOTE @ 1.93% DUE 10/15/22	$ 793,489	2015-01-01
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
2	PROMISSORY NOTE @ 1.93% DUE 10/15/22	$ 793,489	2015-01-01
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
3	PROMISSORY NOTE @ 1.93% DUE 10/15/22	$ 793,489	2015-01-01
(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)

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ARTISAN HIGH INC ADVISOR	300,000	290,231
METROPOLITAN WEST TR BOND	586,277	575,170

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	1,956,906	2,791,270
EQUITY MUTUAL FUNDS	1,081,115	1,250,705
FOREIGN STOCK	341,304	400,002

Category	Amount	Net Investment Income
FOREIGN TAXES	1,928	1,928
QUARTERLY TAX DEPOSIT	2,271	0
FOREIGN TAXES ON QUALIFIED FOR	751	751
FOREIGN TAXES ON NONQUALIFIED	178	178


Name of organization FANCY HILL FOUNDATION			Employer identification number 52-2284314
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.) $ Use duplicate copies of Part III if additional space is needed.