TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2015

Open to Public Inspection

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

Name of foundation
THE WALSH FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)500 WEST 7TH STREET RM/STE 1007
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
FORT WORTH, TX761024732

A Employer identification number

75-6021726

B Telephone number (see instructions)

(817) 335-3741

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$15,955,499J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	1,000,000
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	2,960		2,960
4	Dividends and interest from securities...	232,308		232,308
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		423,026
b	Gross sales price for all assets on line 6a 2,584,669
7	Capital gain net income (from Part IV, line 2)...
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).......		107,560	106,167
12	Total. Add lines 1 through 11........	1,765,854		341,435
13	Compensation of officers, directors, trustees, etc.
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)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		35,922
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		79,025
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	114,947		0	0
25	Contributions, gifts, grants paid.......	3,332,000			3,332,000
26	Total expenses and disbursements. Add lines 24 and 25	3,446,947		0	3,332,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,681,093
b	Net investment income (if negative, enter -0-)			341,435
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	6,401,376	4,023,007	4,023,007
	3	Accounts receivable 280,213
		Less: allowance for doubtful accounts	-357	280,213	280,213
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	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).......	5,173,238	5,980,987	8,763,081
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,149,427	3,046,306	2,879,598
	14	Land, buildings, and equipment: basis 4,627
		Less: accumulated depreciation (attach schedule) 4,627
	15	Other assets (describe )	2,400	9,600	9,600
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	14,726,084	13,340,113	15,955,499
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	14,726,084	13,340,113
	30	Total net assets or fund balances (see instructions).....	14,726,084	13,340,113
	31	Total liabilities and net assets/fund balances (see instructions).	14,726,084	13,340,113

Part III

Analysis of Changes in Net Assets or Fund Balances

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

14,726,084

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

-1,681,093

Other increases not included in line 2 (itemize) bullet

295,122

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

13,340,113

Decreases not included in line 2 (itemize) bullet

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

13,340,113

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.)
1a
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
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

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

Part V

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

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

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

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

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	2,523,000	14,365,750	0.175626
2013	9,215,235	15,691,925	0.587260
2012	1,689,603	18,777,193	0.089982
2011	1,026,123	19,108,799	0.053699
2010	1,636,400	15,288,057	0.107038

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

21.013605

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

0.202721

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

16,598,768

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

3,364,919

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

3,414

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

3,368,333

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

3,332,000

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)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	6,829
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	6,829
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	6,829
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	9,600
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	9,600
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,771
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax2,771	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Website address bullet

N/A

The books are in care of bullet

G MALCOLM LOUDEN Telephone no. bullet

(817) 335-3741

Located at bullet

500 W 7TH STFORT WORTHTX ZIP+4 bullet

761024732

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 6

Part VII-B

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
G MALCOLM LOUDEN	PRESIDENT 2.00	0	0	0
500 W 7TH STREET FORT WORTH,TX76102	PRESIDENT 2.00	0	0	0
F HOWARD WALSH JR	ASST SEC/TR 2.00	0	0	0
500 W 7TH STREET FORT WORTH,TX76102	ASST SEC/TR 2.00	0	0	0
GARY GOBLE	SECRETARY/TR 2.00	0	0	0
500 W 7TH STREET FORT WORTH,TX76102	SECRETARY/TR 2.00	0	0	0

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


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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


All other program-related investments. See instructions.
3

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

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

11,633,369

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

5,212,172

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

6,000

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

16,851,541

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

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

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

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

16,851,541

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

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

252,773

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

16,598,768

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

829,938

Part XI

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

and do not complete this part.)

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

829,938

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

6,829

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

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

6,829

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

823,109

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

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

823,109

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

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

823,109

Part XII

Qualifying Distributions (see instructions)

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

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

3,332,000

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

3,332,000

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

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

3,332,000

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7			823,109
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......	886,337
b From 2011......	81,176
c From 2012......	755,377
d From 2013......	8,435,169
e From 2014......	1,814,019
fTotal of lines 3a through e........		11,972,078
4Qualifying distributions for 2015 from Part
XII, line 4: $ 3,332,000
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.....			823,109
e Remaining amount distributed out of corpus		2,508,891
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		14,480,969
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) ...		886,337
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		13,594,632
10 Analysis of line 9:
a Excess from 2011....	81,176
b Excess from 2012....	755,377
c Excess from 2013....	8,435,169
d Excess from 2014....	1,814,019
e Excess from 2015....	2,508,891

Form 990-PF (2015)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

G MALCOLM LAUDEN
500 W 7TH STREET
FORT WORTH,TX76102
(817) 335-3741

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

WRITTEN REQUEST OUTLINING THE USE OF FUNDS

cAny submission deadlines:

NONE

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

AWARDS MUST BE FOR AND ARE RESTRICTED TO: EDUCATION, HEALTH, PERFORMING ARTS & GENERAL WELFARE

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
TEXAS CHRISTIAN UNIVERSIT 2800 S UNIVERSITY DR FORT WORTH,TX76102	501(C)3		SEE ATTACHED NOTE SCHEDULE	1,428,500
COOK CHILDREN'S MEDICAL 6501 N BEACH ST FORT WORTH,TX76137	501(C)3		"	1,000,000
MISC CHARITIES - SEE ATTACHMENT 500 W 7TH STREET FORT WORTH,TX76102	501(C)3		"	903,500
Total ................................. 3a				3,332,000

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	2,960
4 Dividends and interest from securities....			14	232,308
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.....			15	106,167
8 Gain or (loss) from sales of assets other than inventory ............					423,026
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aSECTION 1231 - WALSH K-1			14	1,393
bORD INC - WALSH K-1			14
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				342,828	423,026

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

13765,854

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2015)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Name of the organization

THE WALSH FOUNDATION

Employer identification number

75-6021726

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2

Name of organization THE WALSH FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	ESTATE OF MARY D WALSH 500 W 7TH STREET STE 1007 FORT WORTH, TX76102	$ 1,000,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 3

Name of organization THE WALSH FOUNDATION		Employer identification number 75-6021726

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

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 4


Name of organization THE WALSH FOUNDATION			Employer identification number 75-6021726
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Additional Data

Software ID:
Software Version:

- TIN:

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

TY 2015 GainLossSaleOtherAssetsSch

Name:

THE WALSH FOUNDATION

EIN:

75-6021726

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
US TRUST 4402 - SEE ATTACHED	2015-01	PURCHASE	2015-12	661,661	728,356	-66,695
US TRUST 4402 - SEE ATTACHED	2014-01	PURCHASE	2015-12	453,051	479,284	-26,233
3500 SHS CITRIX SYS	2015-01	PURCHASE	2015-01	207,463	211,500	-4,037
300 SHS APPLE	2008-12	PURCHASE	2015-08	34,636	3,753	30,883
700 SHS CELGENE CORP	2010-08	PURCHASE	2015-12	83,922	19,979	63,943
187 SHS HALYARD HEALTH	1994-01	PURCHASE	2015-01	8,615	1,591	7,024
1900 SHS HCC INS	2008-12	PURCHASE	2015-06	146,222	49,391	96,831
2000 SHS NOBLE CORP	2004-01	PURCHASE	2015-01	32,442	32,839	-397
FRACTION SHS NORTEL	2014-01	PURCHASE	2015-07	82		82
1000 SHS SM ENERGY	2010-04	PURCHASE	2015-04	58,041	38,197	19,844
3000 SHS US BANCORP	2014-01	PURCHASE	2015-07	136,027	61,466	74,561
3200 SHS WILLIAMS CO	2010-06	PURCHASE	2015-07	184,155	56,496	127,659
JPM L/T CAP GAIN DIST	2014-01	PURCHASE	2015-12	134,166		134,166
3500SHS CABOT OIL	2013-12	PURCHASE	2015-07	103,387	135,323	-31,936
8500 SHS CAPITOL FEDERAL FIN	2012-02	PURCHASE	2015-07	104,038	99,401	4,637
3100 SHS EMC CORP	2011-05	PURCHASE	2015-07	78,241	84,844	-6,603
2100 SHS KRAFT FOODS	2012-10	PURCHASE	2015-07	34,650		34,650
2200 SHS MACY'S	2014-09	PURCHASE	2015-12	78,528	133,478	-54,950
1000 SHS US BANCORP	2011-11	PURCHASE	2015-07	45,342	25,745	19,597

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

THE WALSH FOUNDATION

EIN:

75-6021726

Name of Stock	End of Year Book Value	End of Year Fair Market Value
1300 SHS ABBVIE	29,104	77,012
2200 SHS ABOTT LABS	62,737	98,802
2500 SHS ADOBE SYS	85,544	234,850
3000 SHS AKAMAI	141,430	157,890
250 SHS ALPHABET	133,097	194,503
1600 SHS ANADARKO	68,904	77,728
2800 SHS APPLE	31,276	263,150
2900 SHS B BARNES	77,789	107,039
8500 SHS CAPITOL FEDERAL
3500 SHS CACOT OIL & GAS
3200 SHS CELGENE	71,302	299,400
3500 SHS CITRIX SYS
3000 SHS COCA-COLA	68,111	128,880
2000 SHS COLGATE PALMOLIVE	25,875	133,240
2800 SHS COMERICA	140,145	117,124
3800 SHS COPART, INC	129,871	144,438
2300 SHS CVS	88,090	224,871
1600 SHS DANAHER CORP	85,553	148,608
2400 SHS DENTSPLY	69,380	146,040
1200 SHS DISNEY	128,914	126,096
2200 SHS EBAY, INC	49,031	60,456
3100 SHS EMC CORP
1000 SHS EXXON MOBIL CORP	24,089	77,950
3900 SHS GENERAL ELECTRIC	92,105	121,485
6700 SHS GLACIER BANKCORP	94,564	177,751
5100 SHS GULFPORT	105,770	125,307
1900 HCC INS
1500 SHS HOME DEPOT	28,182	198,375
187 SHS HYH HALYARD
1700 SHS HONEYWELL INTL	159,482	176,069
1400 SHS ILLINOIS TOOL	131,730	129,752
2500 SHS JARDEN COPR	137,122	142,800
1848 SHS JPMORGAN CHASE & CO.	56,395	122,023
1500 SHS KIMBERLY CLARK	77,285	190,950
2100 SHS KOHLS	98,290	100,023
2100 SHS KRAFT FOODS	95,448	152,796
LKCM SMALL CAP EQUITY FUND	1,035,332	1,152,608
LK STOCK PORTFOLIO - OTHER	13,652	13,652
2200 SHS MACYS INC
3100 SHS MERCK	137,317	163,742
4000 SHS MONDELEZ	110,695	179,360
3000 SHS METLIFE	113,259	144,630
2000 SHS NOBLE
5000 SHS PAYPAL	184,028	181,000
2000 SHS PEPSICO	66,000	199,840
4800 SHS PFIZER	82,374	154,944
1462 SHS PROCTER & GAMBLE	53,570	116,097
2000 SHS PRUDENTIAL	181,560	162,820
2400 SHS RANGE RES	60,045	59,064
8000 SHS SABRE	164,166	223,760
1200 SHS SCHLUMBERGER LTD - SPINOFF	31,650	83,700
1000 SHS SM ENERGY
3000 SHS SUNTRUST	135,669	128,520
1800 SHS TIFFANY	101,408	137,322
2200 SHS THERMO FISHER	71,021	312,070
8000 SHS TRIMBLE NAV	215,745	171,600
2000 SHS VERIZON	74,020	92,440
1800 SHS VF CORP	131,621	112,050
1700 SHS VERISK	127,680	130,696
468 SHS AMBASE CORP	8,600	8,600
110 SHS EXELON	3,370	3,370
2000 SHS DIPLOMAT ELECTRONICS	12,000	12,000
4000 SHS HALLIBURTON CO	70,717	70,717
200 SHS HIGHLAND INSURANCE	3,402	3,402
1200 SHS WHIRLPOOL	92,046	176,244
3200 SHS WILLIAMS CO
5500 SHS ZIONS	113,425	113,425
4000 SHS US BANCORP

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

THE WALSH FOUNDATION

EIN:

75-6021726

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
WALSH HOLDINGS, LTD	AT COST	115,095	115,095
MINERAL INTERESTS	AT COST	10	10
EGSHARE EMERGING MKT	AT COST	49,272	38,885
ISHARES INDONESIA	AT COST	3,505
ISHARES MSCI MEXICO	AT COST	6,546	6,777
ISHARES MSCI ASIA	AT COST	76,733	63,932
ISHARES MSCI TAIWAN	AT COST	27,871	24,978
ISHARES MSCI POLAND	AT COST
ISHARES MALAYSIA	AT COST	5,672	2,856
ISHARES SO KOREA	AT COST	38,563	31,838
ISHARES BRAZIL	AT COST	29,352	12,760
ISHARES CHINA	AT COST	33,034	33,732
ISHARES INDIA	AT COST	33,754	29,673
CHEUNG KONG HLDS	AT COST
HAIER ELECTRONICS	AT COST
AIA GROUP	AT COST	21,999	26,576
SANDS CHINA	AT COST
PING AN INS GP	AT COST
KUBOTO CORP	AT COST
FANUC CORP	AT COST
TENCENT HLDS	AT COST
MITSUBISHI	AT COST
CHINA MOBILE	AT COST	14,407	16,484
AMSL HLDGS	AT COST	32,858	31,957
ASSA ABLOY	AT COST	26,049	31,860
AVAGO TECH	AT COST	15,381	31,207
BHP BILLITON	AT COST
BAYER MOTOREN WERK	AT COST	27,002	23,969
ANHEUSER BUSH	AT COST	33,464	38,250
CIE FINANCE RICH	AT COST
CORE LAB NV	AT COST	25,287	25,336
CANADIAN NATL RAILWAY	AT COST	15,788	14,249
COLOPLAST	AT COST	30,847	34,054
CADIAN PAC RY	AT COST	16,908	12,633
CK HUTCHISON	AT COST	23,953	28,518
CTRIP COM INTL	AT COST
DAIKIN KOGYO	AT COST	30,191	33,519
ESSILOR INTL	AT COST	25,931	29,745
ENI SPA	AT COST
EXPERIAN GP	AT COST
FANUC CORP	AT COST	28,076	28,388
HAIER ELECT	AT COST	25,953	19,819
ICIC BANK	AT COST	35,147	26,794
ING GROEP	AT COST	11,107	11,199
JARDINE MATHESON HLDG	AT COST
KUBOTA	AT COST	23,343	25,943
MAGNA INTL	AT COST	31,843	22,308
MITSUBISHI	AT COST	36,786	33,270
NATIONAL GRID	AT COST	35,103	34,817
NESTLE SA	AT COST
NOVA-NORDISK	AT COST	26,250	35,080
NOVOZYMES	AT COST	15,397	15,881
NXP SEMICOND	AT COST	33,408	31,341
ONIEX CORP	AT COST	32,593	34,820
ROCHE HLDG LTD	AT COST	30,457	28,869
SABMILLER PLC	AT COST
SANOFI POONS	AT COST
SINGAPORE TELE	AT COST	29,444	24,894
STANDARD CHATERED	AT COST	18,779	9,594
SUNCOR ENERGY	AT COST	26,472	18,421
SVENSKA	AT COST	34,234	29,944
TELENOR	AT COST	29,232	26,824
TENCENT	AT COST	21,294	28,217
TEVA	AT COST	21,274	21,661
TORONTO DOM	AT COST	33,427	31,963
TOYOTA MOTOR	AT COST	25,775	27,930
TOTAL SA	AT COST	39,014	26,790
TAIWAN SEMICONDUCTOR	AT COST	29,684	33,488
UNILEVER PLC	AT COST	35,003	35,622
VALEANT PHARMA	AT COST	11,530	9,555
BAIDU INC	AT COST	11,206	10,208
JD COM	AT COST	24,837	30,458
PING A INS	AT COST	10,827	15,824
APPLE INC	AT COST
ABBVIE	AT COST	12,395	12,144
ABERDEEN	AT COST	12,005	7,953
ADP	AT COST
AGRIUM	AT COST	9,811	9,023
ALLIANZ	AT COST	11,985	12,685
ALTRIA	AT COST	15,238	22,003
AMEREN CORP	AT COST	15,143	16,773
AT&T	AT COST	30,928	29,971
ADP	AT COST	8,594	10,505
GALLAGHER AJ	AT COST	8,361	7,533
ASTRAZENECA	AT COST	22,096	21,592
AXA	AT COST	11,285	12,388
BAE SYS	AT COST	18,565	19,440
BASF	AT COST	20,532	14,289
BCE INC	AT COST	31,871	27,575
BHP BILLITON	AT COST
BRITISH AMERN	AT COST	20,625	19,329
CME GP	AT COST	8,882	11,506
COCA COLA	AT COST	7,712	8,034
COMPASS GP	AT COST
COMMONWEALTH BK	AT COST	13,173	11,014
CONOCOPHILLIPS	AT COST	21,802	13,960
CENTRICA PLC	AT COST
CENTURYLINK	AT COST	27,447	18,090
CORRECTIONS CORP	AT COST	18,235	14,517
DOMINION RES	AT COST
DUPONT	AT COST
DAIMIER	AT COST	14,951	14,304
DOW CHEM	AT COST	17,191	17,812
DEUTSCHE	AT COST	11,317	9,586
DEUTSCHE TELECOM	AT COST	10,189	11,349
DIAGEO	AT COST	10,844	11,017
DUKE ENERGY	AT COST	25,296	25,272
EECTRICITE	AT COST
EMERSON ELECT	AT COST	11,969	9,518
ENTERGY CORP	AT COST	20,399	19,756
EXXON	AT COST	12,252	11,693
GAS NAT	AT COST	11,514	9,995
GLAXOSMITHKLINE	AT COST	28,062	21,708
HEALTH CARE REIT	AT COST
IMPERIAL TOBACCO	AT COST	19,849	23,788
IRON MTN	AT COST	23,687	19,069
JOHNSON JOHNSON	AT COST
KLA TENCOR	AT COST
KIMBERLY CLARK	AT COST	13,617	16,549
KINDER MORGAN	AT COST
LOCKHEED MARTIN	AT COST	8,685	11,726
LORILLARD	AT COST
MATTEL INC	AT COST
MCDONALDS	AT COST	16,790	19,996
MICROCHIP	AT COST	11,033	11,077
ALTRIA GP	AT COST
MERCK & CO	AT COST	11,092	10,300
WM MORIRSON	AT COST
MICROSOFT	AT COST	7,378	10,153
MUNICH REGROUP	AT COST	27,450	26,584
NATIONAL GRID PIC	AT COST	31,818	30,319
NESTLE SA	AT COST	9,200	8,862
NOVARTIS	AT COST
ORKLA	AT COST	13,779	12,197
OCCIDENTIAL PETE	AT COST	22,103	18,931
PEOPLES UTD	AT COST	10,159	11,062
PEPSICO	AT COST	8,462	9,100
PFIZER	AT COST	9,103	8,780
PHILLIPPINE LD	AT COST
PHILLIP MORRIS	AT COST	27,698	29,186
POTASH	AT COST	29,041	15,083
PPL CORP	AT COST	25,164	28,236
PEARSON	AT COST
PROCTER GAMBLE	AT COST	10,563	10,879
REYNOLDS	AT COST	13,515	22,014
ROGERS COMM	AT COST	26,142	23,846
ROYAL DUTCH	AT COST	30,857	18,179
REGAL ENTMT	AT COST	10,573	10,511
ROCHE HLDGS	AT COST	11,824	11,080
RIO TINTO	AT COST
DONNELLEY RR	AT COST	13,183	12,026
SCOR	AT COST	11,819	12,372
SWISSCOM	AT COST	24,297	21,155
SHAW COMM	AT COST	13,233	9,076
SANOFI	AT COST	9,634	7,805
SIEMENS	AT COST	16,293	14,645
SINGAPORE EXCH	AT COST	10,021	9,037
SINGAPORE TELE	AT COST	12,305	10,219
SONIC HEALTH	AT COST	9,504	7,203
SOUTHERN CO	AT COST	10,934	11,791
SPDR S&P	AT COST
SSE PLC	AT COST	23,862	21,035
STATOIL	AT COST	28,511	18,218
SEVERN TRENT	AT COST
SEAGATE TECH	AT COST	21,500	14,004
SVENSKA	AT COST	21,144	17,677
AT&T	AT COST
TECO ENERGY	AT COST	7,009	10,899
TERNA RETE	AT COST	24,607	23,932
TELSTRA	AT COST	23,599	19,326
TELUS COPR	AT COST	11,799	9,484
TEXAS INSTRS	AT COST	11,011	12,551
TOTAL SA	AT COST	31,402	20,767
UNILEVER	AT COST	13,690	13,410
UNIBAIL	AT COST	20,413	19,352
UNITED UTLIS	AT COST
VINCI	AT COST	17,883	16,687
VEVENDI	AT COST	11,087	9,557
VODAPHONE	AT COST	28,354	26,873
VERIZON	AT COST	29,528	27,640
WELLTOWER	AT COST	27,182	28,913
WESTPAC	AT COST	17,688	14,635
WEC ENERGY	AT COST	23,280	25,245
WISCONSIN ENERGY	AT COST
WELLS FARGO	AT COST	12,378	13,427
WASTE MGMT	AT COST	8,536	10,354
WOLTERS KLUWER	AT COST
YARA INTL	AT COST	11,409	9,387
TAIWAN SEMI	AT COST	11,993	12,240

- TIN:

TY 2015 LandEtcSchedule2

Name:

THE WALSH FOUNDATION

EIN:

75-6021726

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
OFFICE EQUIPMENT	4,627	4,627

- TIN:

TY 2015 OtherAssetsSchedule

Name:

THE WALSH FOUNDATION

EIN:

75-6021726

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
PREPAID TAXES	2,400	9,600	9,600

- TIN:

TY 2015 OtherExpensesSchedule

Name:

THE WALSH FOUNDATION

EIN:

75-6021726

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
ADMINISTRATIVE EXPENSE	45,380
US TRUST BANK FEES	31,280
WAKSH K-1 ORD	2,365

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

THE WALSH FOUNDATION

EIN:

75-6021726

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OIL & GAS ROYALTIES	106,167	106,167
SECTION 1231 - WALSH K-1	1,393

- TIN:

TY 2015 OtherIncreasesSchedule

Name:

THE WALSH FOUNDATION

EIN:

75-6021726

Description	Amount
BOOK/TAX DIFF UST	2,868
ADJ TO CARRYING VALUE	292,254

- TIN:

TY 2015 TaxesSchedule

Name:

THE WALSH FOUNDATION

EIN:

75-6021726

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PRODUCTION TAX	5,571
OTHER TAX	30,261
NON DED	90