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
AHEARN FOUNDATION (PFD)
 
Number and street (or P.O. box number if mail is not delivered to street address)1100 WEHRLE DRIVE 2ND FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BUFFALO, NY14221
A Employer identification number

22-2266031
B Telephone number (see instructions)

(716) 842-5506
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$1,885,191J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 37,995 36,887  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 30,049
b Gross sales price for all assets on line 6a 926,976
7 Capital gain net income (from Part IV, line 2)... 30,049
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)....... Click to see attachment 1,265    
12 Total. Add lines 1 through 11........ 69,309 66,936  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,048 5,048    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,591 679   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)....... Click to see attachment 7,272 7,272    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,911 12,999 0 0
25 Contributions, gifts, grants paid....... 114,000 114,000
26 Total expenses and disbursements. Add lines 24 and 25 127,911 12,999 0 114,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -58,602
b Net investment income (if negative, enter -0-) 53,937
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,015 187 187
2 Savings and temporary cash investments......... 96,895 59,227 59,227
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 367,729 Click to see attachment483,850 591,327
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).......... 1,370,646 Click to see attachment1,232,543 1,234,450
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) 1,836,285 1,775,807 1,885,191
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........ 1,836,285 1,775,807
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)..... 1,836,285 1,775,807
31 Total liabilities and net assets/fund balances (see instructions). 1,836,285 1,775,807
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
1,836,285
2
Enter amount from Part I, line 27a .....................
2
-58,602
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
135
4
Add lines 1, 2, and 3 ..........................
4
1,777,818
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,011
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,775,807
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 5889.528 FPA NEW INCOME FUND   2014-06-04 2015-01-08
b 3772.474 FPA NEW INCOME FUND   2013-11-18 2015-01-08
c 13681.355 FEDERATED TOTAL RETURN BOND CL I   2013-04-01 2015-01-08
d 9249.275 FEDERATED TOTAL RETURN BOND CL I   2014-06-04 2015-01-08
e 52.00024 GENERAL ELECTRIC CO COM   2003-08-11 2015-01-08
67.99976 GENERAL ELECTRIC CO COM   2003-08-11 2015-01-08
89.275 MFS INTL NEW DISCOVERY CL I   2014-09-17 2015-01-08
874.964 MFS INTL NEW DISCOVERY CL I   2013-11-18 2015-01-08
1292.584 PIMCO COMMODITY REAL RTN STRGY CL I   2014-06-04 2015-01-08
1138.838 VANGUARD SMALL-CAP INDEX-ADM   2014-09-15 2015-01-08
291.197 WILMINGTON MID CAP GROWTH FUND -I   2014-06-04 2015-01-08
1243.1 WILMINGTON MID CAP GROWTH FUND -I   2013-06-21 2015-01-08
1.00271 AMGEN INC COM   2015-01-08 2015-01-21
5. AMGEN INC COM   2013-06-21 2015-01-21
8.99729 AMGEN INC COM   2015-01-08 2015-01-21
6.99944 APPLE COMPUTER INC COM   2015-01-08 2015-01-21
10.00056 APPLE COMPUTER INC COM   2015-01-08 2015-01-21
15. CHEVRONTEXACO CORP   2013-06-21 2015-01-21
29.0005 CITIGROUP INC   2014-10-31 2015-01-21
20.9995 CITIGROUP INC   2015-01-08 2015-01-21
38. COMCAST CORP NEW A   2013-06-21 2015-01-21
4.99836 COMCAST CORP NEW A   2015-01-08 2015-01-21
37.00164 COMCAST CORP NEW A   2015-01-08 2015-01-21
34. EMC CORP MASS COM   2013-08-27 2015-01-21
2. EMC CORP MASS COM   2014-06-23 2015-01-21
4.99783 EMC CORP MASS COM   2015-01-08 2015-01-21
20.00217 EMC CORP MASS COM   2015-01-08 2015-01-21
57. GENERAL ELECTRIC CO COM   2003-08-11 2015-01-21
.99964 JOHNSON & JOHNSON COM   2015-01-08 2015-01-21
23. JOHNSON & JOHNSON COM   2003-08-11 2015-01-21
13.00036 JOHNSON & JOHNSON COM   2015-01-08 2015-01-21
2.99836 LOWES COS INC COM   2015-01-08 2015-01-21
13.00164 LOWES COS INC COM   2015-01-08 2015-01-21
6. LOWES COS INC COM   2014-05-06 2015-01-21
10. OCCIDENTAL PETE CORP COM   2014-05-06 2015-01-21
11.00072 PEPSICO INC COM   2015-01-08 2015-01-21
2.99928 PEPSICO INC COM   2015-01-08 2015-01-21
17.00102 PHILIP MORRIS INTL INC   2013-06-21 2015-01-21
42.99898 PHILIP MORRIS INTL INC   2013-06-21 2015-01-21
15.00083 PRICE T ROWE GROUP INC COM   2015-01-08 2015-01-21
1.99917 PRICE T ROWE GROUP INC COM   2015-01-08 2015-01-21
19. PRICE T ROWE GROUP INC COM   2010-04-08 2015-01-21
1. PRICELINE.COM INCORPORATED   2014-05-28 2015-01-21
7. VERIZON COMMUNICATIONS COM   2015-01-08 2015-01-21
66. VERIZON COMMUNICATIONS COM   2014-02-24 2015-01-21
8. APPLE COMPUTER INC COM   2015-01-13 2015-02-17
14. WALT DISNEY CO COM   2015-01-26 2015-02-17
125. GENERAL ELECTRIC CO COM   2003-08-29 2015-02-19
.0549 GOOGLE INC CLASS C   2015-01-26 2015-05-06
76. DR PEPPER SNAPPLE GROUP INC   2015-01-26 2015-06-16
84. ACE LIMITED   2014-11-20 2015-06-16
14. ACE LIMITED   2015-01-26 2015-06-16
200. BOEING CO COM   2015-01-08 2015-06-19
336.683 HARBOR FD INTL FD   2007-04-10 2015-06-19
200. INTERNATIONAL BUSINESS MACHINES   2015-01-08 2015-06-19
565. ISHARES GLOBAL ENERGY ETF   2015-01-08 2015-06-19
671. ISHARES RUSSELL MID-CAP VALUE ETF   2014-06-04 2015-06-19
140. ISHARES RUSSELL MID-CAP VALUE ETF   2014-09-12 2015-06-19
307.924 LITMAN GREGORY MSTRS INTL FD CL-INST   2014-06-04 2015-06-19
960.879 LITMAN GREGORY MSTRS INTL FD CL-INST   2015-01-08 2015-06-19
1038.542 MFS INTL NEW DISCOVERY CL I   2013-11-18 2015-06-19
286.167 HOOD RIVER SMALL-CAP GROWTH FUND   2014-09-15 2015-06-19
33.833 HOOD RIVER SMALL-CAP GROWTH FUND   2015-01-08 2015-06-19
267.851 WILMINGTON MULTI-MNGR ALT FD CLASS I   2014-09-17 2015-06-19
4535.363 WILMINGTON MID CAP GROWTH FUND -I   2012-07-20 2015-06-19
77. EXXON MOBIL CORP COM   2014-12-08 2015-06-26
12. EXXON MOBIL CORP COM   2015-01-26 2015-06-26
19. KINDER MORGAN INC   2015-01-26 2015-06-26
117. KINDER MORGAN INC   2014-12-08 2015-06-26
11. APPLE COMPUTER INC COM   2015-01-08 2015-07-29
19. WALT DISNEY CO COM   2015-01-21 2015-07-29
36. STARBUCKS CORP COM   2015-01-26 2015-07-29
15. STARBUCKS CORP COM   2014-05-28 2015-07-29
13. APPLE COMPUTER INC COM   2015-01-08 2015-08-04
21. APPLE COMPUTER INC COM   2014-05-21 2015-08-04
98. CHEVRONTEXACO CORP   2013-06-21 2015-08-04
3. CHEVRONTEXACO CORP   2015-01-26 2015-08-04
241. MARATHON OIL CORP   2015-02-17 2015-08-04
8. OCCIDENTAL PETE CORP COM   2015-01-26 2015-08-04
112. OCCIDENTAL PETE CORP COM   2014-05-06 2015-08-04
28. COACH INC COM (ATTCHD RTS EXP 5-2-20   2015-01-26 2015-10-16
128. COACH INC COM (ATTCHD RTS EXP 5-2-20   2014-06-23 2015-10-16
2. PRICE T ROWE GROUP INC COM   2015-01-13 2015-10-16
115. PRICE T ROWE GROUP INC COM   2010-04-08 2015-10-16
78. AKAMAI TECHNOLOGIES INCORPORATED   2015-07-29 2015-12-09
96. NORDSTROM INC COM   2014-11-20 2015-12-09
16. NORDSTROM INC COM   2015-01-26 2015-12-09
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 59,720   60,662 -942
b 38,253   39,121 -868
c 151,726   151,734 -8
d 102,574   102,759 -185
e 1,264   1,471 -207
1,653   2,528 -875
2,451   2,597 -146
24,027   25,225 -1,198
5,752   7,678 -1,926
63,411   62,545 866
5,137   5,364 -227
21,928   20,235 1,693
157   158 -1
783   485 298
1,408   1,422 -14
762   784 -22
1,088   1,120 -32
1,604   1,765 -161
1,370   1,548 -178
992   1,109 -117
2,105   1,496 609
277   283 -6
2,049   2,098 -49
936   882 54
55   53 2
138   147 -9
551   587 -36
1,355   1,569 -214
100   106 -6
2,309   1,190 1,119
1,305   1,382 -77
201   209 -8
871   906 -35
402   276 126
785   922 -137
1,065   1,076 -11
290   293 -3
1,412   1,476 -64
3,571   3,732 -161
1,213   1,266 -53
162   169 -7
1,536   1,058 478
1,026   1,260 -234
335   330 5
3,159   3,083 76
1,023   927 96
1,455   1,319 136
3,137   4,013 -876
29   29  
5,584   5,922 -338
8,918   9,472 -554
1,486   1,606 -120
29,157   26,253 2,904
23,955   22,309 1,646
33,500   31,647 1,853
20,412   20,302 110
50,901   47,462 3,439
10,620   10,073 547
5,814   5,752 62
18,141   16,498 1,643
31,187   29,941 1,246
9,873   8,302 1,571
1,167   1,039 128
2,941   2,890 51
84,630   66,735 17,895
6,438   7,076 -638
1,003   1,099 -96
745   805 -60
4,586   4,666 -80
1,352   1,232 120
2,273   1,788 485
2,072   1,516 556
863   551 312
1,494   1,456 38
2,413   823 1,590
8,354   11,580 -3,226
256   328 -72
4,936   7,151 -2,215
551   628 -77
7,720   9,898 -2,178
809   1,056 -247
3,697   6,301 -2,604
141   173 -32
8,115   6,401 1,714
4,165   5,642 -1,477
5,448   7,225 -1,777
908   1,270 -362
      10,350
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       -942
b       -868
c       -8
d       -185
e       -207
      -875
      -146
      -1,198
      -1,926
      866
      -227
      1,693
      -1
      298
      -14
      -22
      -32
      -161
      -178
      -117
      609
      -6
      -49
      54
      2
      -9
      -36
      -214
      -6
      1,119
      -77
      -8
      -35
      126
      -137
      -11
      -3
      -64
      -161
      -53
      -7
      478
      -234
      5
      76
      96
      136
      -876
       
      -338
      -554
      -120
      2,904
      1,646
      1,853
      110
      3,439
      547
      62
      1,643
      1,246
      1,571
      128
      51
      17,895
      -638
      -96
      -60
      -80
      120
      485
      556
      312
      38
      1,590
      -3,226
      -72
      -2,215
      -77
      -2,178
      -247
      -2,604
      -32
      1,714
      -1,477
      -1,777
      -362
       
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 30,049
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 68,750 1,972,506 0.034854
2013 78,500 1,912,989 0.041035
2012 326,606 2,027,889 0.161057
2011 89,548 2,046,971 0.043747
2010 129,162 2,030,357 0.063615
2
Total of line 1, column (d) .....................
20.344308
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
0.068862
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,945,401
5
Multiply line 4 by line 3......................
5
133,964
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
539
7
Add lines 5 and 6........................
7
134,503
8
Enter qualifying distributions from Part XII, line 4.............
8
114,000
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 1,079
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 0
3 Add lines 1 and 2........................... 3 1,079
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 1,079
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 1,824
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 1,824
8 Enter any penalty for underpayment of estimated tax. if 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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 745
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet540 RefundedBullet 11 205
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)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.ahearnfoundation.org
    14
    The books are in care ofbulletMANUFACTURERS AND TRADERS TRUST Telephone no.bullet (716) 842-5506

    Located atbullet1100 WEHRLE DRIVE 2ND FLOORBUFFALONY ZIP+4bullet14221
    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
     
    No
    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
    MANUFACTURERS AND TRADERS TRUST CO TRUSTEE
    2     		5,048    
    1100 WEHRLE DRIVE 2ND FLOOR
    BUFFALO,NY14221
    ROBERT J AHEARN CHAIRMAN
    2     		0    
    108 MOORE AVENUE
    BINGHAMTON,NY139093124
    WILLIAM C AHEARN COMMITTEE SECRETARY
    1     		0    
    4047 E RANCHO DRIVE
    PHOENIX,AZ850181175
    MARILYN AHEARN VICE CHAIRMAN
    1     		0    
    108 MOORE AVENUE
    BINGHAMTON,NY139033124
    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...................bullet 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.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,948,345
    b
    Average of monthly cash balances.......................
    1b
    26,681
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,975,026
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,975,026
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    29,625
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,945,401
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    97,270
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    97,270
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,079
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,079
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    96,191
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    96,191
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    96,191
    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
    114,000
    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
    114,000
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    114,000
    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 96,191
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    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...... 195,523
    d From 2013...... 0
    e From 2014...... 0
    fTotal of lines 3a through e........ 195,523
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 114,000
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 96,191
    e Remaining amount distributed out of corpus 17,809
    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 5 213,332
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		213,332
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 195,523
    c Excess from 2013.... 0
    d Excess from 2014.... 0
    e Excess from 2015.... 17,809
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ROBERTJ AHEARN
    108 MOORE AVENUE
    BINGHAMTON,NY139033124
    (607) 772-8531
    bThe form in which applications should be submitted and information and materials they should include:
    Submittal form required Request one or go to www.ahearnfoundation .org
    cAny submission deadlines:
    August - see website for exact date
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Grants are ONLY provided to qualified non-profit organizations in Broome County NY for projects which directly benefit the citizens of Broome County NY
    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
    BROOME COUNTY HUMANE SOCIETY
    2 JACKSON ST
    BINGHAMTON,NY13903     		NONE PC ANIMAL SAFETY 5,000
    HARPURSVILLE FIRE DEPARTMENT
    59 MAPLE STREEET
    HARPURSVILLE,NY13787     		NONE PC SUPPORT 10,000
    ROBERSON MEMORIAL INC
    30 FRONT STREET
    BINGHAMTON,NY13905     		NONE PC GENERAL PURPOSES 5,000
    ACHIEVE
    125 CUTLER POND ROAD
    BINGHAMPTON,NY13905     		NONE PC GENERAL PURPOSES 10,000
    THE MUSCULAR DYSTROPHY ASSOCIATION
    6315 FLY ROAD - SUITE 102
    SYRACUSE,NY13057     		NONE PC GENERAL PURPOSES 10,000
    DAVIS COLLEGE
    400 RIVERSIDE DRIVE
    JOHNSON CITY,NY13790     		NONE PC CAMPAIGN FOR COLLEGE GROWTH 10,000
    ARROWHEAD BIBLE CAMP
    122 ARROWHEAD COTTAGE RO
    BRACKNEY,PA18812     		NONE PC PAVILION HANDICAPPED SPACE 10,000
    OUR SPACE RECREATION PARK
    CITY OF BINGHAMTON
    BINGHAMTON,NY13905     		NONE PC DISABILITY PARK RECREATION 10,000
    BOYS & GIRLS CLUB OF
    BINGHAMTON
    PO BOX 638
    BINGHAMTON,NY13902     		NONE PUBLIC CENTURY CAMPAIGN 10,000
    TRI-CITIES OPERA
    315 CLINTON STREET
    BINGHAMTON,NY13905     		NONE PC SUBSIDIZE ADMISSION FOR 5,000
    BINGHAMTON PHILHARMONIC INC
    31 FRONT STREET
    BINGHAMTON,NY13905     		NONE PUBLIC SUBSIDIZE EDUCAT'L 5,000
    CORNELL COOPERATIVE
    EXTENSION
    365 ROBERTS HALL
    ITHACA,NY148535905     		N/A NOT-FOR-PROFIT LIVING LABORATORY CLASSROOM 10,000
    KOPERNIK OBSERVATORY
    698 UNDERWOOD RD
    VESTAL,NY138506038     		NONE PC EDUCATION 10,000
    TENNIS CHARITIES OF BINGHAMTON
    PO BOX 375
    CHENANGO BRIDGE,NY13745     		NONE PUBLIC GENERAL OPERATING EXPENSES 4,000
    Total .................................bullet 3a 114,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 37,995  
    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 30,049  
    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)..   69,309  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1369,309
    (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

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN:
    22-2266031
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DISNEY WALT CO    
    DELTA AIR LINES INC 6,698 8,110
    CISCO SYS INC 7,650 8,825
    CITIGROUP INC 10,244 11,023
    EXXON MOBIL CORP    
    GENERAL ELECTRIC COMPANY 7,176 10,342
    SCOTTS MIRACLE-GRO COMPANY 8,795 9,289
    JP MORGAN CHASE & CO COM 12,071 17,498
    KINDER MORGAN INC    
    REGENERON PHARMACEUTICALS 8,360 14,115
    MERCK & CO INC COM 11,092 12,835
    NORDSTROM INC    
    PNC FINANCIAL SERVICES GROUP 10,355 11,723
    SCHLUMBERGER LTD 8,647 7,324
    ZOETIS INC 4,202 6,134
    JOHNSON & JOHNSON COM 6,630 10,580
    APPLE 4,210 28,210
    NIKE INC CL B 8,132 12,875
    AIR PRODUCTS & CHEMICALS 11,160 11,710
    BIOGEN INC 11,122 11,335
    CVS HEALTH CORPORATAION 12,320 13,199
    MASTERCARD INC 10,741 13,533
    METLIFE INC 5,179 5,400
    T ROWE PRICE GROUP INC    
    GILEAD SCIENCES INC 8,514 10,220
    GOOGLE INC CL C    
    ACE LTD ORD    
    VERIZON COMMUNICATIONS    
    FEDEX CORP COM 10,272 9,535
    EMC CORP MASS 4,688 5,059
    ORACLE CORPORATION 11,706 12,384
    GOOGLE INC CL A    
    AMERICAN TOWER CORP 9,838 12,216
    AMGEN INC 5,111 8,441
    ANHEUSER BUSCH INBEV NV 10,193 12,250
    CHEVRON CORP    
    COACH INC    
    COMCAST CORP NEW 10,094 14,333
    DANAHER CORP 10,933 15,511
    EXPRESS SCRIPTS HOLDINGS 9,080 12,237
    LOWES COMPANIES 5,100 9,353
    OCCIDENTAL PETROLUEM CORP    
    PEPSICO INC 11,242 13,889
    PHILIP MORRIS INTL 5,732 5,802
    PRICELINE.COM INCORPORATED 5,376 6,375
    QUALCOMM INC 9,420 7,498
    STARBUCKS CORP 6,547 12,066
    US BANCORP    
    UNION PACIFIC CORP 5,907 5,709
    UNITED TECHNOLOGIES CORP 7,213 7,301
    VODAFONE GROUP PLC 7,417 5,033
    WELLS FARGO & CO 13,504 16,689
    WALT DISNEY CO 12,491 15,237
    DR PEPPER SNAPPLE GROUP 5,761 7,270
    EOG RESOURCES INC COM 8,767 7,999
    HALLIBURTON HLDG CO COM 8,576 6,774
    SUNCOR ENERGY 8,735 8,075
    AMERICAN INTL GROUP INC 11,311 11,279
    BLACKROCK INC 8,214 8,513
    STRYKER CORP COM 8,574 8,365
    ALPHABET INC CL A 9,374 15,560
    ALPHABET INC CL C 9,242 15,178
    ANALOG DEVICES INC 5,891 5,975
    HOOD RIVER SM/C GROWTH FD 54,243 55,141

    TY 2015 InvestmentsOtherSchedule2
    Name:
    AHEARN FOUNDATION (PFD)
    EIN:
    22-2266031
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HARBOR INTERNATIONAL FUND #11 AT COST 153,934 176,941
    WILMINGTON MULTI-MGR ALTERNATI AT COST 97,965 92,497
    RIDGEWORTH SEIX FLOATING RATE AT COST 38,573 37,065
    ROXBERRY/HOOD SMALL CAP GROWTH      
    FEDERATED TOTAL RETURN      
    FEDERATED ULTRA SHORT BOND AT COST 79,876 78,904
    VANGUARD INFLATION PROTECTED AT COST 47,652 45,323
    VANGUARD SMALL-CAP GROWTH FUND      
    ISHARES RUSSELL MID-CAP VALUE AT COST 64,296 62,412
    LITMAN GREGORY MASTERS INTL AT COST 148,172 166,692
    PIMCO COMMODITY REAL RETURN AT COST 17,196 9,133
    VANGUARD REIT ETF AT COST 44,505 47,519
    WILMINGTON MID CAP GROWTH FD      
    MFS INTL NEW DISCOVERY      
    FPA NEW INCOME FUND      
    METWEST TOTAL RTRN FD CL I AT COST 337,931 327,476
    OBERWEIS INTL OPPROTUNITY AT COST 27,830 27,993
    ISHARES RUSSELL MID-CAP GROWTH AT COST 101,004 93,207
    VANGUARD FINANCIALS ETF AT COST 36,597 34,739
    VANGUARD HEALTH CARE ETF AT COST 37,012 34,549

    TY 2015 OtherDecreasesSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN:
    22-2266031
    Description Amount
    RETURN OF CAPITAL ADJUSTMENT 558
    WASH SALES ADJUSTMENT 1,453


    TY 2015 OtherExpensesSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN:
    22-2266031
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE EXPENSES 2,272 2,272   0
    BOARD OF DIRECTORS TRAVEL EXP 5,000 5,000   0


    TY 2015 OtherIncomeSchedule2
    Name:
    AHEARN FOUNDATION (PFD)
    EIN:
    22-2266031
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL INCOME TAX REFUND 1,265 0  


    TY 2015 OtherIncreasesSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN:
    22-2266031
    Description Amount
    ADJUSTMENT DUE TO ROUNDING 135


    TY 2015 TaxesSchedule
    Name:
    AHEARN FOUNDATION (PFD)
    EIN:
    22-2266031
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES -QUAL DIVIDENDS 630 630   0
    FOREIGN TAXES - NQ DIVIDENDS 49 49   0
    FEDERAL ESTIMATES 912 0   0