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
SylvanLaureate Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

52-2044008
B Telephone number (see instructions)

(800) 839-1754
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$8,073,098J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 293 293  
4 Dividends and interest from securities... 143,983 138,566  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 755,608
b Gross sales price for all assets on line 6a 8,003,097
7 Capital gain net income (from Part IV, line 2)... 755,608
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 899,884 894,467  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 54,733 54,733    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,739 1,178    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 42,433 45   42,388
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 114,905 55,956   42,388
25 Contributions, gifts, grants paid....... 2,372,558 2,372,558
26 Total expenses and disbursements. Add lines 24 and 25 2,487,463 55,956   2,414,946
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,587,579
b Net investment income (if negative, enter -0-) 838,511
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 258,103 506,921 506,921
3 Accounts receivable bullet1,234
Less: allowance for doubtful accounts bullet   1,380 1,234 1,234
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,148,969 Click to see attachment603,276 602,794
b Investments—corporate stock (attach schedule)....... 7,011,404 Click to see attachment5,897,035 6,357,530
c Investments—corporate bonds (attach schedule)....... 790,997 Click to see attachment614,808 604,619
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,210,853 7,623,274 8,073,098
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 9,210,853 7,623,274
30 Total net assets or fund balances (see instructions)..... 9,210,853 7,623,274
31 Total liabilities and net assets/fund balances (see instructions). 9,210,853 7,623,274
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
9,210,853
2
Enter amount from Part I, line 27a .....................
2
-1,587,579
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,623,274
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
7,623,274
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 8,003,097   7,247,489 755,608
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       755,608
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 755,608
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 1,817,273 10,954,107 0.165899
2013 1,761,377 11,648,170 0.151215
2012 2,917,800 9,628,494 0.303038
2011 2,077,502 9,422,407 0.220485
2010 2,068,353 9,064,084 0.228192
2
Total of line 1, column (d) .....................
21.068829
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
0.213766
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
8,598,217
5
Multiply line 4 by line 3......................
5
1,838,006
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
8,385
7
Add lines 5 and 6........................
7
1,846,391
8
Enter qualifying distributions from Part XII, line 4.............
8
2,414,946
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 8,385
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 8,385
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,385
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 13,100
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,100
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,715
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,715 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Douglas Becker Pres / Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    R Christopher Hoehn-Saric First VP / Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    B Lee McGee Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Eilif Serck-Hanssen Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Robert W Zentz Second VP / Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    BROWN INVESTMENT ADVISORY investment mgt 54,733
    901 SOUTH BOND ST STE 400
    BALTIMORE,MD21231
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,326,335
    b
    Average of monthly cash balances.......................
    1b
    402,819
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,729,154
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,729,154
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    130,937
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,598,217
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    429,911
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    429,911
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    8,385
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,385
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    421,526
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    421,526
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    421,526
    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
    2,414,946
    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
    2,414,946
    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
    8,385
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,406,561
    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 7 421,526
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 1,618,035
    b From 2011...... 1,620,536
    c From 2012...... 2,453,053
    d From 2013...... 1,199,475
    e From 2014...... 1,289,429
    fTotal of lines 3a through e........ 8,180,528
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 2,414,946
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 421,526
    e Remaining amount distributed out of corpus 1,993,420
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 10,173,948
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		1,618,035
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		8,555,913
    10 Analysis of line 9:
    a Excess from 2011.... 1,620,536
    b Excess from 2012.... 2,453,053
    c Excess from 2013.... 1,199,475
    d Excess from 2014.... 1,289,429
    e Excess from 2015.... 1,993,420
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    50CAN INC
    287 E 6TH ST STE 513
    SAINT PAUL,MN55101     		N/A PC MarylandCAN program 5,000
    ACADEMY FOR GLOBAL CITIZENSHIP CHARTER SCHOOL
    4647 W 47TH ST
    CHICAGO,IL60632     		N/A PC Net-Positive Campaign 25,000
    AMYOTROPHIC LATERAL SCLEROSIS ASSOCIATION
    4643 E THOMAS RD STE 1
    PHOENIX,AZ85018     		N/A PC Charitable Event 1,000
    ARTS EDUCATION IN MARYLAND SCHOOLS ALLIANCE INC
    175 W OSTEND ST STE A3
    BALTIMORE,MD21230     		N/A PC Teaching Artists Institute Program 5,000
    BALTIMORE CHILDRENS MUSEUM INC
    35 MARKET PL
    BALTIMORE,MD21202     		N/A PC Capital Campaign 38,000
    BALTIMORE CHILDRENS MUSEUM INC
    35 MARKET PL
    BALTIMORE,MD21202     		N/A PC Capital Campaign 44,000
    BALTIMORE SCHOOL FOR THE ARTS FDN INC
    712 CATHEDRAL ST
    BALTIMORE,MD21201     		N/A SO II Charitable Event 20,000
    BALTIMORE SYMPHONY ORCHESTRA INC
    1212 CATHEDRAL ST
    BALTIMORE,MD21201     		N/A PC 2015-2016 Family Concert Series fund 50,000
    BALTIMORE URBAN DEBATE LEAGUE INC
    2601 N HOWARD ST STE 150
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 5,000
    BIG BROTHERS & BIG SISTERS OF GREATER CHESAPEAKE -
    3600 CLIPPER MILL RD STE 250
    BALTIMORE,MD21211     		N/A PC Charitable Event 2,500
    CASEY CARES FOUNDATION INC
    3918 VERO RD STE C
    BALTIMORE,MD21227     		N/A PC Charitable Event 1,500
    CENTER STAGE ASSOCIATES INC
    700 N CALVERT ST
    BALTIMORE,MD21202     		N/A PC 2014/2015 Student Matinee Series Program 15,000
    CENTER STAGE ASSOCIATES INC
    700 N CALVERT ST
    BALTIMORE,MD21202     		N/A PC Charitable Event 15,000
    CHESAPEAKE BAY FOUNDATION INC
    6 HERNDON AVE
    ANNAPOLIS,MD21403     		N/A PC Chesapeake Bay Foundation Education Program 25,000
    CRISTO REY JESUIT HIGH SCHOOL
    420 S CHESTER ST
    BALTIMORE,MD21231     		N/A PC 2015-2016 Corporate Internship Program 26,500
    CRISTO REY JESUIT HIGH SCHOOL
    420 S CHESTER ST
    BALTIMORE,MD21231     		N/A PC Charitable Event 5,000
    CYSTIC FIBROSIS FOUNDATION
    10626 YORK RD STE A
    COCKEYSVILLE,MD21030     		N/A PC Charitable Event 7,500
    DIGITAL HARBOR FOUNDATION INC
    1045 LIGHT ST
    BALTIMORE,MD21230     		N/A PC General & Unrestricted 10,000
    DONORSCHOOSE ORG
    134 W 37TH ST 11TH FL
    NEW YORK,NY10018     		N/A PC Students Stand with Malala Baltimore Youth Program 10,000
    ENOCH PRATT FREE LIBRARY OF BALTIMORE CITY
    401 CATHEDRAL ST
    BALTIMORE,MD21201     		N/A PC Charitable Event 5,000
    FAMILY TREE INC
    2108 N CHARLES ST
    BALTIMORE,MD21218     		N/A PC Charitable Event 15,000
    FOUNDATION FIGHTING BLINDNESS INC
    7168 COLUMBIA GATEWAY DR STE 100
    COLUMBIA,MD21046     		N/A PC General & Unrestricted 12,500
    FOUNDATION FIGHTING BLINDNESS INC
    7168 COLUMBIA GATEWAY DR STE 100
    COLUMBIA,MD21046     		N/A PC Charitable Event 10,000
    INTERNATIONAL YOUTH FOUNDATION
    32 S ST STE 500
    BALTIMORE,MD21202     		N/A PC General & Unrestricted 1,066,998
    INTERNATIONAL YOUTH FOUNDATION
    32 S ST STE 500
    BALTIMORE,MD21202     		N/A PC YouthActionNet Program 573,560
    IRVINE NATURAL SCIENCE CENTER INC
    11201 GARRISON FOREST RD
    OWINGS MILLS,MD21117     		N/A PC Charitable Event 1,500
    ITINERIS INC
    2050A ROCKROSE AVE
    BALTIMORE,MD21211     		N/A PC Charitable Event 2,500
    JUNIOR ACHIEVEMENT OF CENTRAL MARYLAND
    10711 RED RUN BLVD STE 110
    OWINGS MILLS,MD21117     		N/A PC General & Unrestricted 1,000
    KENNEDY KRIEGER FOUNDATION INC
    707 N BROADWAY
    BALTIMORE,MD21205     		N/A PC Charitable Event 20,000
    LIVING CLASSROOMS FOUNDATION INC
    802 S CAROLINE ST
    BALTIMORE,MD21231     		N/A PC Charitable Event 15,000
    MARIAN HOUSE INC
    949 GORSUCH AVE
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 5,000
    MIAMI CHILDRENS MUSEUM INC
    980 MACARTHUR CSWY
    MIAMI,FL33132     		N/A PC Charitable Event 2,500
    MOUNT VERNON PLACE CONSERVANCY INC
    901 S BOND ST STE 400A
    BALTIMORE,MD21231     		N/A PC Washington Monument Restoration Project 10,000
    NATIONAL BUILDING MUSEUM
    401 F ST NW 4TH FL
    WASHINGTON,DC20001     		N/A PC Charitable Event 5,000
    NATIONAL FOUNDATION FOR TEACHING ENTREPRENEURSHIP
    300 E LOMBARD ST STE 1111
    BALTIMORE,MD21202     		N/A PC General & Unrestricted 7,500
    NETWORK 2000 INC
    3601 E JOPPA RD
    BALTIMORE,MD21234     		N/A PC Network 2000 Partnership Program 10,000
    NEW LEADERS
    30 W 26TH ST 10TH FL
    NEW YORK,NY10010     		N/A PC General & Unrestricted 5,000
    NEW LEADERS
    30 W 26TH ST 10TH FL
    NEW YORK,NY10010     		N/A PC Leadership Development Program 20,000
    ORGANIZATION FOR COMMUNITY HEALTH OUTREACH INC
    711 W 40TH ST STE 438
    BALTIMORE,MD21211     		N/A PC Charitable Event 3,000
    PLANNED PARENTHOOD OF MARYLAND INC
    330 N HOWARD ST
    BALTIMORE,MD21201     		N/A PC Charitable Event 5,000
    SANTA FE CONSERVATION TRUST
    PO BOX 23985
    SANTA FE,NM87502     		N/A PC Charitable Event 500
    ST JUDE CHILDRENS RESEARCH HOSPITAL INC
    262 DANNY THOMAS PL MSC 512
    MEMPHIS,TN38105     		N/A PC General & Unrestricted 500
    ST ROSE OF LIMA CHURCH
    11701 CLOPPER RD
    GAITHERSBURG,MD20878     		N/A PC General & Unrestricted 1,000
    STRONG CITY BALTIMORE
    3503 N CHARLES ST
    BALTIMORE,MD21218     		N/A PC Baltimore Corps 25,000
    TEACH FOR AMERICA INC
    519 8TH AVE 15TH FL
    NEW YORK,NY10018     		N/A PC General & Unrestricted 50,000
    TEAM RUBICON
    300 N CONTINENTAL BLVD STE 100
    EL SEGUNDO,CA90245     		N/A PC Charitable Event 7,500
    THE RICHARD W RILEY INSTITUTE OF GOVERNMENT POLI
    FURMAN UNIV 3300 POINSETT Hwy
    GREENVILLE,SC29613     		N/A PC Capital Campaign 50,000
    THE UNITED WAY OF CENTRAL MARYLAND INC
    100 S CHARLES ST 5TH FL
    BALTIMORE,MD21201     		N/A PC Charitable Event 15,000
    TOWSON UNIVERSITY FOUNDATION INC
    8000 YORK RD
    TOWSON,MD21252     		N/A PC Charitable Event 10,000
    TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW
    722 W 168TH ST 14TH FL
    NEW YORK,NY10032     		N/A PC Charitable Event 10,000
    UNIVERSITY OF LOUISVILLE FOUNDATION INC
    2323 S BROOK ST
    LOUISVILLE,KY40292     		N/A PC Clay Family Memorial Scholarship fund 1,000
    UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
    620 W LEXINGTON ST
    BALTIMORE,MD21201     		N/A PC Barbara R. Heller Annual Lecture in Health Policy 5,000
    UNIVERSITY OF MARYLAND FOUNDATION INC
    3300 METZEROTT RD
    ADELPHI,MD20783     		N/A PC Hrabowski Fund 25,000
    US FOUNDATION FOR THE INSPIRATION & RECOGNITION SC
    200 BEDFORD ST
    MANCHESTER,NH03101     		N/A PC Charitable Event 20,000
    VOLUNTEER CENTRAL INC
    1201 S SHARP ST STE 302
    BALTIMORE,MD21230     		N/A PC 2015 Business Partnership Program 25,000
    YMCA OF CENTRAL MARYLAND INC
    303 W CHESAPEAKE AVE
    BALTIMORE,MD21204     		N/A PC Charitable Event 15,000
    YOUNG AUDIENCES OF MARYLAND INC
    2600 N HOWARD ST NO 1300
    BALTIMORE,MD21218     		N/A PC Teaching Artists Institute Program 5,000
    Total .................................bullet 3a 2,372,558
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 293  
    4 Dividends and interest from securities....     14 143,983  
    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 ............     		    18 755,608  
    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)..   899,884  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13899,884
    (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

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

    TY 2015 DepreciationSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN:
    52-2044008
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN:
    52-2044008
    Name of Bond End of Year Book Value End of Year Fair Market Value
    21ST CENTY FOX AMER - 3.000% - 24,444 24,636
    AMERICAN EXPRESS CORP - 0.747% 19,921 19,566
    AMERICREDIT AUTO SER 2015-3 - 10,000 9,868
    AMERICREDIT SER 2012-4 - 2.520 20,053 20,035
    BB&T CORP - 0.950% - 01/15/202 20,030 19,827
    BED BATH & BEYOND - 3.749% - 0 25,136 24,385
    CANADIAN NAT RES LTD NT - 5.70 20,681 20,427
    CAPITAL AUTO RECV - 1.320% - 0 15,002 14,994
    CC HLDGS GS V / CROWN CASTL - 19,701 19,628
    COLUMBIA PPTY - 4.150% - 04/01 25,195 24,720
    EDUCATION RLTY OPER PARTNERSHI 25,212 24,621
    EXELIS INC - 5.550% - 10/01/20 16,354 16,449
    FIRST AMERICAN FIN - 4.600% - 25,453 25,310
    FMC TECHNOLOGIES - 2.000% - 10 25,267 24,610
    HEALTHCARE TRUST OF AMER HLDGS 25,008 24,643
    HUNT J B TRANS SVCS INC - 2.40 25,098 25,157
    JANUS CAPITAL GROUP INC - 4.87 24,927 25,655
    MORGAN STANLEY - 2.125% - 04/2 20,129 20,027
    NOBLE ENERGY INC - 5.875% - 06 25,981 23,783
    PROVIDENCE HEALTH & SVCS OBLIG 25,000 25,106
    REGENCY ENERGY PARTNERS - 4.50 24,118 21,629
    RETAIL PROPERTIES OFAMERICA BO 24,819 23,576
    ROYAL BK OF CDA BD - 0.784% - 40,059 39,491
    SANTANDER DRIVE AUTO SER 2015- 9,999 9,943
    SUTTER HEALTH NOTE - 1.090% - 29,999 29,935
    VERIZON COMMUNICATIONS - 3.650 20,977 20,914
    ZIONS BANK - 4.500% - 06/13/20 26,245 25,684

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN:
    52-2044008
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 38,120 47,966
    AKAMAI TECH 38,407 30,736
    ALEXION PHARMACEUTICALS, INC 34,063 40,248
    ALPHABET INC CL A 49,588 79,357
    ALPHABET INC CL C 55,165 86,512
    AMAZON COM 38,396 77,727
    AMERICAN EXPRESS CO 26,471 23,647
    AMERIPRISE FINANCIAL INC 24,124 24,370
    AMPHENOL CORPORATION 27,528 45,806
    ANSYS INC 22,478 30,155
    ANTHEM INC 51,017 47,688
    APPLE INC 60,117 92,313
    ARTISAN HIGH INCOME FUND CL AD 401,592 388,530
    ARTISAN INTERNATIONAL VALUE FD 209,514 188,586
    BAFQX 146,693 131,260
    BANK OF AMERICA CORP 19,675 20,482
    BERKSHIRE HATHAWAY INC. CL B 89,492 85,562
    BEST BUY INC 39,769 43,239
    BRISTOL-MYERS SQUIBB CO 48,723 54,550
    BROWN ADVISORY EMERGING MARKET 80,171 78,017
    BROWN ADVISORY MORT SEC INS 653,491 645,885
    BROWN ADVISORY SMALL-CAP FUNDA 382,945 470,845
    BROWN ADVISORY STRATEGIC BOND 439,626 411,961
    BROWN ADVISORY STRATEGIC EUROP 182,699 182,524
    BROWNIA SMALL-CAP GROWTH FUND 306,984 312,470
    CANADIAN NATL RAILWAY CO 64,627 58,059
    CANADIAN PACIFIC RAILWAY LTD 22,858 17,736
    CARMAX INC 48,903 39,668
    CHARLES SCHWAB CORP 75,236 115,189
    COGNIZANT TECHNOLOGY SOLUTIONS 29,087 43,515
    COLFAX CORPORATION 8,201 5,184
    COSTCO WHOLESALE CORPORATION 37,153 54,749
    CROWN CASTLE INTL 25,123 26,281
    DANAHER CORP 32,657 56,657
    DAVITA HEALTHCARE PARTNERS INC 27,385 32,973
    EBAY INC 17,680 20,363
    ECOLAB INC 31,655 48,726
    EDWARDS LIFESCIENCES 40,325 45,414
    ESTEE LAUDER COMPANIES INC 41,890 56,006
    EXPRESS SCRIPTS HOLDING CO 112,938 135,660
    FACEBOOK INC 54,210 69,808
    FASTENAL COMPANY 37,525 33,350
    FLEETCOR TECHNOLGIES INC 38,472 35,447
    FMC TECHS INC COM 35,640 24,020
    FRANKLIN RES INC 25,257 20,067
    GENPACT LIMITED 25,026 39,044
    INTERNATIONAL BUSINESS MACHINE 10,672 9,771
    INTUITIVE SURGICAL, INC 42,493 54,616
    JP MORGAN CHASE 37,148 44,900
    KINDER MORGAN INC 80,972 32,809
    LOWES COMPANIES INC 56,278 59,539
    MASTERCARD INC 70,953 77,401
    MEAD JOHNSON NUTRITI 44,247 46,896
    MERCK & CO INC 14,683 16,744
    MICROSOFT CORP 33,430 55,369
    NATIONAL INSTRUMENTS CORPORATI 18,927 21,718
    NETSUITE INC 27,854 26,994
    NXP SEMICONDUCTORS 44,294 45,074
    OAKMARK INTERNATIONAL SMALL CA 168,696 172,047
    OCCIDENTAL PETROLEUM CORP 44,933 36,509
    OCEANERING INTL INC 19,216 14,670
    OWENS CORNING 17,119 18,483
    PAYPAL HOLDINGS, INC 24,281 26,824
    PEPSICO INC 24,812 26,379
    PRICELINE.COM INCORPORATED 59,108 61,198
    QUALCOMM INC 46,694 36,389
    REGIONS FINANCIAL CORP 21,264 21,850
    SALESFORCE.COM 26,256 52,920
    STARBUCKS CORP COM 29,205 67,414
    STERICYCLE INC 43,993 53,426
    T. ROWE PRICE ASSOCIATES 19,707 19,088
    TEVA PHARMECEUTICAL SP ADR 48,468 67,675
    TJX COMPANIES INC 37,766 38,291
    TRIPADVISOR LLC 49,177 57,288
    UNDER ARMOUR INC 30,709 27,569
    UNITED RENTALS INC 42,005 38,229
    UNITED TECHNOLOGIES CORP 32,417 30,646
    VISA INC 137,077 182,320
    WABTEC 19,435 18,633
    WALT DISNEY HOLDINGS CO 58,745 58,845
    WELLS FARGO & CO 79,392 81,540
    YAHOO! INC 35,913 39,114

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    SylvanLaureate Foundation Inc
    EIN:
    52-2044008
    US Government Securities - End of Year Book Value:

    363,222
    US Government Securities - End of Year Fair Market Value:

    361,645
    State & Local Government Securities - End of Year Book Value:


    240,054
    State & Local Government Securities - End of Year Fair Market Value:


    241,149


    TY 2015 OtherExpensesSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN:
    52-2044008
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 42,388     42,388
    Bank Charges 45 45    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN:
    52-2044008
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 54,733 54,733    


    TY 2015 TaxesSchedule
    Name:
    SylvanLaureate Foundation Inc
    EIN:
    52-2044008
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 13,100      
    990-PF Extension for 2014 3,461      
    Foreign Tax Paid 1,178 1,178