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
WALLACE FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)646 McDaniel Avenue
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREENVILLE, SC29605
A Employer identification number

58-6343201
B Telephone number (see instructions)

(864) 233-5307
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,483,224J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 7,033 7,033  
4 Dividends and interest from securities... 25,697 25,697  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 78,309
b Gross sales price for all assets on line 6a 349,836
7 Capital gain net income (from Part IV, line 2)... 0
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)....... Click to see attachment 492 492  
12 Total. Add lines 1 through 11........ 111,531 33,222  
Operating and Administrative Expenses 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)....... Click to see attachment 3,006      
c Other professional fees (attach schedule).... Click to see attachment 17,936 17,936    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,023 1,023    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,965 18,959   0
25 Contributions, gifts, grants paid....... 63,314 63,314
26 Total expenses and disbursements. Add lines 24 and 25 85,279 18,959   63,314
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 26,252
b Net investment income (if negative, enter -0-) 14,263
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......... 81,734 104,982 104,982
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 231,988 Click to see attachment235,509 235,249
b Investments—corporate stock (attach schedule)....... 895,304 Click to see attachment894,784 1,142,993
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,209,026 1,235,275 1,483,224
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 1,209,026 1,235,275
30 Total net assets or fund balances (see instructions)..... 1,209,026 1,235,275
31 Total liabilities and net assets/fund balances (see instructions). 1,209,026 1,235,275
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,209,026
2
Enter amount from Part I, line 27a .....................
2
26,252
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,235,278
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,235,275
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.)
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 (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
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  
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 87,113 1,507,244 000.057796
2013 66,000 1,431,746 000.046098
2012 60,100 1,289,579 000.046604
2011 61,100 1,275,320 000.047910
2010 58,100 1,217,883 000.047706
2
Total of line 1, column (d) .....................
2000.246114
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
000.049223
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,495,993
5
Multiply line 4 by line 3......................
5
73,637
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
143
7
Add lines 5 and 6........................
7
73,780
8
Enter qualifying distributions from Part XII, line 4.............
8
63,314
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 1 285
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........................... 3 285
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- ..... 5 285
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 1,217
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.............. Part VI Line 7 - Tax Paid with the Original Return: 1217 7 1,217
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 932
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet932 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
 
 
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
 
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
 
 
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
     
    No
    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)
    bulletSC
    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 addressbulletNONE
    14
    The books are in care ofbulletJEAN C GRIFFITH Telephone no.bullet (864) 354-4350

    Located atbullet8 SUSSEX COURTBEAUFORTSC ZIP+4bullet29907
    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
    Martha W Pellett Trustee
    001.00     		0    
    646 McDANIEL AVENUE
    Greenville,SC29605
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 N/A 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,431,640
    b
    Average of monthly cash balances.......................
    1b
    87,135
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,518,775
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,518,775
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    22,782
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,495,993
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    74,800
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    74,800
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    285
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    285
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    74,515
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    74,515
    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
    74,515
    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 Click to see attachment..........
    1a
    63,314
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    63,314
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    63,314
    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 74,515
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 47,380
    b Total for prior years:2011, 2012, 2013 175,310
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 63,314
    a Applied to 2014, but not more than line 2a 47,380
    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..... 15,934
    e Remaining amount distributed out of corpus  
    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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		175,310
    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 ...........     		175,310
    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 ..........     		58,581
    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) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    THE WAREHOUSE THEATRE
    37 AUGUST STREET
    GREENVILLE,SC29601     		    EXEMPT PURPOSE 1,000
    FOURTH PRESBYTERIAN CHURCH
    703 E WASHINGTON STREET
    GREENVILLE,SC29601     		    EXPEMPT PURPOSE 8,500
    PROJECT HOST
    525 S ACADEMY STREET
    GREENVILLE,SC29601     		    EXPEMPT PURPOSE 1,000
    THE PEACE CENTER
    101 BROAD STREET
    GREENVILLE,SC29601     		    EXEMPT PURPOSE 10,000
    PROJECT HOST
    525 SACADEMY STREET
    GREENVILLE,SC29601     		    EXEMPT PURPOSE 500
    THE CITADEL FOUNDATION
    171 MOULTRIE STREET
    CHARLESTON,SC29409     		    EXEMPT PURPOSE 10,000
    NATIONAL MS FOUNDATION
    733 THIRD AVENUE
    NEW YORK,NY10017     		    EXEMPT PURPOSE 100
    UPSTATE HISTORY FOUNDATION
    540 BUNCOMBE STREET
    GREENVILLE,SC29601     		    EXEMPT PURPOSE 1,000
    METROPOLITAN ARTS COUNCIL
    16 AUGUSTA STREET
    GREENVILLE,SC29601     		    EXEMPT PURPOSE 500
    BROOKGREEN GARDENS
    BOX 3368
    PAWLEYS ISLAND,SC29585     		    EXEMPT PURPOSE 5,000
    GREENVILLE COUNTY MUSEUM OF ART
    420 COLLEGE STREET
    GREENVILLE,SC29601     		    EXEMPT PURPOSE 15,714
    THE PEACE CENTER
    101 BROAD STREET
    GREENVILLE,SC29601     		    EXEMPT PURPOSE 10,000
    Total .................................bullet 3a 63,314
    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 7,033  
    4 Dividends and interest from securities....     14 25,697  
    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 78,309  
    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)..   111,531  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13111,531
    (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: 15000290
    Software Version: 15.3.0.0
    Part VI Line 7 - Tax Paid with the Original Return: 1,217


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    WALLACE FAMILY FOUNDATION
    EIN:
    58-6343201
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    JCGRIFFITH,CPA 3,006      

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    WALLACE FAMILY FOUNDATION
    EIN:
    58-6343201
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ACTAVIS PLC NAME CHANGE EFF 06/2015 2013-10   2015-03   64 30     34  
    ACTAVIS PLC NAME CHANGE EFF 06/2015 2013-10   2015-06   2,983 1,440     1,543  
    ACUITY BRANDS INC 2010-02   2015-01   151 39     112  
    ACUITY BRANDS INC 2010-05   2015-01   1,359 399     960  
    AFFILIATED MANAGERS GROUP 2009-03   2015-03   1,090 197     893  
    AGL RESOURCES INC 2008-06   2015-09   5,482 3,063     2,419  
    ALLERGAN INC MERGER EFF 03/2015 2013-06   2015-03   2,341 974     1,367  
    ALLERGAN INC MERGER EFF 03/2015 2013-06   2015-03   6,039 2,434     3,605  
    AMAZON.COM INC 2011-03   2015-07   2,675 808     1,867  
    AMER EXPRESS CRDT CORP 02.800 091916 DTD091911 FC031912 NTS B/E 2014-10   2015-08   5,094 5,107     -13  
    AMERISOURCEBERGEN CORP 2011-12   2015-03   3,592 1,277     2,315  
    AMGEN INC 2009-03   2015-07   1,764 493     1,271  
    AMPHENOL CORP NEW CL A 2012-03   2015-07   1,981 990     991  
    APPLE INC 2011-09   2015-07   2,426 1,199     1,227  
    BALL CORP 2013-03   2015-07   1,717 1,146     571  
    BARD C R INC 2010-08   2015-07   1,962 796     1,166  
    BARRICK GOLD CORP CAD 2013-09   2015-01   2,278 3,337     -1,059  
    BARRICK GOLD CORP CAD 2013-11   2015-01   1,562 2,153     -591  
    BED BATH BEYOND INC 2014-03   2015-12   967 1,365     -398  
    CARLISLE COS INC 2008-06   2015-09   1,509 469     1,040  
    CHEVRON CORP 2013-09   2015-04   1,639 1,827     -188  
    CHEVRON CORP 2013-09   2015-10   1,260 1,827     -567  
    CHEVRON CORP 2014-06   2015-10   1,681 2,502     -821  
    CHUBB CORP MERGER EFF01/2016 2013-09   2015-07   7,290 5,073     2,217  
    CHUBB CORP MERGER EFF01/2016 2013-09   2015-01   1,531 1,268     263  
    CHURCH DWIGHT CO INC 2009-03   2015-03   937 277     660  
    CHURCH DWIGHT CO INC 2009-03   2015-03   510 151     359  
    CHURCH DWIGHT CO INC 2009-03   2015-07   1,734 511     1,223  
    CITIGROUP INC NTS 6.125 112117 DTD112107 FC052108 2014-10   2015-12   5,451 5,433     18  
    CITY NATL CORP MERGER EFF 11/2015 2009-03   2015-05   1,863 582     1,281  
    CITY NATL CORP MERGER EFF 11/2015 2009-03   2015-05   186 70     116  
    CITY NATL CORP MERGER EFF 11/2015 2009-03   2015-05   1,210 458     752  
    CITY NATL CORP MERGER EFF 11/2015 2009-06   2015-05   372 149     223  
    CITY NATL CORP MERGER EFF 11/2015 2009-06   2015-06   552 223     329  
    CITY NATL CORP MERGER EFF 11/2015 2009-06   2015-05   373 149     224  
    CITY NATL CORP MERGER EFF 11/2015 2009-06   2015-06   185 74     111  
    CITY NATL CORP MERGER EFF 11/2015 2010-10   2015-06   554 318     236  
    CITY NATL CORP MERGER EFF 11/2015 2011-07   2015-06   92 55     37  
    CITY NATL CORP MERGER EFF 11/2015 2011-07   2015-06   92 53     39  
    CITY NATL CORP MERGER EFF 11/2015 2011-07   2015-06   1,752 1,014     738  
    CITY NATL CORP MERGER EFF 11/2015 2014-03   2015-06   922 768     154  
    COGNIZANT TECH SOLUTIONS CRP 2009-09   2015-07   2,210 676     1,534  
    COLUMBIA SPORTSWEAR CO 2009-08   2015-03   952 295     657  
    CONOCOPHILLIPS 2013-09   2015-04   2,395 2,398     -3  
    CONOCOPHILLIPS 2013-09   2015-08   2,566 3,768     -1,202  
    COSTCO WHOLESALE CORP 2008-09   2015-12   2,418 1,050     1,368  
    CVS HEALTH CORP 2013-09   2015-06   4,112 2,291     1,821  
    CVS HEALTH CORP 2013-09   2015-01   938 573     365  
    DEUTSCHE TELEKOM AG DE SPON ADR 2007-04   2015-09   839 812     27  
    DEUTSCHE TELEKOM AG DE SPON ADR 2007-04   2015-09   446 438     8  
    DIAMOND OFFSHORE DRILLING INC 2014-12   2015-10   1,686 2,682     -996  
    DIAMOND OFFSHORE DRILLING INC 2015-01   2015-10   1,030 1,785     -755  
    DIAMOND OFFSHORE DRILLING INC 2015-01   2015-10   375 627     -252  
    DIAMOND OFFSHORE DRILLING INC 2015-08   2015-10   749 925     -176  
    DOLLAR TREE INC 2011-09   2015-07   2,344 1,154     1,190  
    DR PEPPER SNAPPLE GROUP INC 2013-09   2015-01   1,473 888     585  
    DR PEPPER SNAPPLE GROUP INC 2013-09   2015-02   3,072 1,776     1,296  
    DR PEPPER SNAPPLE GROUP INC 2013-09   2015-04   2,780 1,554     1,226  
    DR PEPPER SNAPPLE GROUP INC 2013-09   2015-04   2,383 1,365     1,018  
    E.I. DU PONT DE NEMOURS 05.250 121516 DTD121506 FC061507 MW 15BP 2014-10   2015-08   3,163 3,181     -18  
    E.I. DU PONT DE NEMOURS 05.250 121516 DTD121506 FC061507 MW 15BP 2014-10   2015-04   1,075 1,072     3  
    EBAY INC 2013-12   2015-09   2,787 2,137     650  
    EMC CORP MASS MTNS 01.875 060118 DTD060613 FC120113 CALLMW15BP 2014-10   2015-12   5,699 5,994     -295  
    EXPRESS SCRIPTS HLDG CO 2013-01   2015-01   2,082 1,360     722  
    FAIR ISAAC CORP 2009-03   2015-03   940 142     798  
    FISERV INC 2013-03   2015-07   1,743 849     894  
    FLOWSERVE CORP 2014-12   2015-12   3,699 5,379     -1,680  
    FLUOR CORP NEW 2014-12   2015-12   4,189 5,507     -1,318  
    FRANKLIN RESOURCES INC 2015-07   2015-12   1,408 1,970     -562  
    FREEPORT-MCMORAN INC 2014-06   2015-03   3,334 6,126     -2,792  
    GOOGLE INC NAME CHANGE 10/2015 CL C 2009-12   2015-05   6 3     3  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2009-03   2015-06   309 93     216  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2009-09   2015-06   2,161 783     1,378  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2009-09   2015-07   154 56     98  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2009-12   2015-07   1,389 483     906  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2009-12   2015-07   1,620 564     1,056  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2010-05   2015-07   77 26     51  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2010-05   2015-08   1,159 392     767  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2010-10   2015-08   155 53     102  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2011-04   2015-08   1,391 576     815  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2011-04   2015-08   696 288     408  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2011-08   2015-08   849 311     538  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2011-08   2015-10   1,092 395     697  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2011-08   2015-08   1,623 593     1,030  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2014-03   2015-10   546 318     228  
    HCC INSURANCE HLDGS INC MERGER EFF 10/2015 2014-04   2015-10   1,248 725     523  
    HONEYWELL INTL INC 2007-09   2015-09   1,506 830     676  
    IBERDROLA SA SPON ADR 2009-02   2015-08   728 794     -66  
    IBERDROLA SA SPON ADR 2009-07   2015-08   532 605     -73  
    JACOBS ENGINEERING GROUP INC 2009-12   2015-01   164 148     16  
    JACOBS ENGINEERING GROUP INC 2009-12   2015-01   156 148     8  
    JACOBS ENGINEERING GROUP INC 2009-12   2015-01   199 185     14  
    JACOBS ENGINEERING GROUP INC 2010-10   2015-01   398 380     18  
    JACOBS ENGINEERING GROUP INC 2011-06   2015-01   40 41     -1  
    JACOBS ENGINEERING GROUP INC 2011-06   2015-02   827 869     -42  
    KAO CORP REPSTG 10 SHS COM SPON ADR 2006-05   2015-01   1,165 713     452  
    KAO CORP REPSTG 10 SHS COM SPON ADR 2006-05   2015-01   432 260     172  
    KAO CORP REPSTG 10 SHS COM SPON ADR 2007-01   2015-02   1,384 867     517  
    KAO CORP REPSTG 10 SHS COM SPON ADR 2007-01   2015-01   43 27     16  
    KONINKLIJKE AHOLD NV SPON ADR 2010-11   2015-11   437 313     124  
    KONINKLIJKE AHOLD NV SPON ADR 2010-11   2015-11   772 529     243  
    LILLY ELI CO 2014-03   2015-06   2,532 1,713     819  
    LKQ CORP NEW 2013-03   2015-01   133 105     28  
    LKQ CORP NEW 2013-03   2015-01   275 210     65  
    LKQ CORP NEW 2013-03   2015-01   129 105     24  
    LKQ CORP NEW 2013-03   2015-01   513 420     93  
    LKQ CORP NEW 2013-03   2015-02   27 21     6  
    LKQ CORP NEW 2013-10   2015-02   1,193 1,458     -265  
    LOWES COMPANIES INC 1999-09   2015-03   3,694 564     3,130  
    MARKEL CORP HOLDING CO 2009-03   2015-03   775 236     539  
    MARKEL CORP HOLDING CO 2009-03   2015-11   861 236     625  
    MEDTRONIC INC MERGER EFF 01/2015 2013-09   2015-01   1,455 1,074     381  
    MEDTRONIC INC MERGER EFF 01/2015 2013-09   2015-01   9,234 6,443     2,791  
    MEDTRONIC PLC 2015-01   2015-02   1,115 1,154     -39  
    MERRILL LYNCH CO INC 06.400 082817 DTD082807 FC022808 MED TERM NTS 2014-10   2015-12   5,390 5,397     -7  
    MICROSOFT CORP 2013-09   2015-10   2,422 1,406     1,016  
    MOLSON COORS BREWING CO CL B 2013-09   2015-01   1,137 741     396  
    MOLSON COORS BREWING CO CL B 2013-09   2015-06   2,191 1,481     710  
    MOLSON COORS BREWING CO CL B 2013-09   2015-09   5,879 3,456     2,423  
    MORNINGSTAR INC 2009-03   2015-02   77 30     47  
    MORNINGSTAR INC 2009-03   2015-02   769 303     466  
    MORNINGSTAR INC 2009-03   2015-11   2,297 878     1,419  
    NEWMONT MINING CORP HOLDING CO 2013-09   2015-01   3,519 4,428     -909  
    NIKE INC CL B 2010-08   2015-06   2,587 903     1,684  
    NOVARTIS AG SPON ADR 2007-06   2015-06   1,546 843     703  
    NOVARTIS AG SPON ADR 2007-06   2015-06   206 112     94  
    NOVARTIS AG SPON ADR 2007-06   2015-12   1,451 948     503  
    ORANGE SPON ADR 2010-06   2015-01   763 843     -80  
    ORANGE SPON ADR 2010-07   2015-01   850 936     -86  
    ORANGE SPON ADR 2010-07   2015-03   182 210     -28  
    ORANGE SPON ADR 2010-11   2015-03   861 1,277     -416  
    ORANGE SPON ADR 2011-01   2015-03   381 512     -131  
    ORANGE SPON ADR 2011-01   2015-03   391 534     -143  
    ORANGE SPON ADR 2011-07   2015-03   995 1,256     -261  
    ORANGE SPON ADR 2011-07   2015-04   422 515     -93  
    ORANGE SPON ADR 2012-02   2015-06   101 91     10  
    ORANGE SPON ADR 2012-02   2015-04   1,130 1,017     113  
    ORANGE SPON ADR 2012-04   2015-06   839 665     174  
    PALL CORP 2011-08   2015-07   4,147 1,463     2,684  
    PAYPAL HOLDINGS INC 2014-05   2015-07   4,626 3,781     845  
    PRICE T ROWE GROUP INC 2014-11   2015-07   928 981     -53  
    PRICE T ROWE GROUP INC 2014-11   2015-07   3,264 3,434     -170  
    PRICE T ROWE GROUP INC 2014-11   2015-07   1,546 1,635     -89  
    PRICE T ROWE GROUP INC 2014-11   2015-07   456 490     -34  
    PROCTER GAMBLE CO 2013-09   2015-01   1,350 1,162     188  
    PRUDENTIAL FINANCIAL INC 05.500 031516 DTD032306 FC091506 NTS 2014-10   2015-03   5,225 5,231     -6  
    QUALCOMM INC 2012-12   2015-12   3,561 4,634     -1,073  
    REED ELSERVIER NV NEW REPSTG 2 ORD SHS SPON AD RECAPITALISATION06/2015 2004-08   2015-02   300 181     119  
    REED ELSERVIER NV NEW REPSTG 2 ORD SHS SPON AD RECAPITALISATION06/2015 2006-02   2015-03   1,419 930     489  
    REED ELSERVIER NV NEW REPSTG 2 ORD SHS SPON AD RECAPITALISATION06/2015 2006-02   2015-02   1,201 770     431  
    ROYAL DUTCH SHELL PLC CL A SPON ADR 1998-08   2015-09   3,302 3,169     133  
    SCHEIN HENRY INC 2009-03   2015-01   1,147 297     850  
    SEVEN I HLDGS CO LTD ADR 2009-09   2015-07   515 277     238  
    SEVEN I HLDGS CO LTD ADR 2010-01   2015-07   838 425     413  
    SEVEN I HLDGS CO LTD ADR 2010-01   2015-08   1,540 708     832  
    SEVEN I HLDGS CO LTD ADR 2010-01   2015-10   827 392     435  
    SEVEN I HLDGS CO LTD ADR 2010-10   2015-10   551 287     264  
    SEVEN I HLDGS CO LTD ADR 2010-10   2015-10   1,461 765     696  
    SEVEN I HLDGS CO LTD ADR 2011-05   2015-11   1,418 754     664  
    SEVEN I HLDGS CO LTD ADR 2011-05   2015-10   46 25     21  
    SIGMA ALDRICH CORP MERGER EFF 11/2015 2009-03   2015-03   2,760 731     2,029  
    SIGMA ALDRICH CORP MERGER EFF 11/2015 2009-03   2015-11   5,600 1,462     4,138  
    SIMON PPTY GROUP LP 06.125 053018 DTD051908 FC113008 M/W T40BP 2014-10   2015-12   4,450 4,425     25  
    SOUTHWESTERN ENERGY CO 2014-10   2015-05   1,499 1,822     -323  
    SOUTHWESTERN ENERGY CO 2014-10   2015-08   1,529 3,313     -1,784  
    SOUTHWESTERN ENERGY CO 2015-01   2015-08   76 136     -60  
    SOUTHWESTERN ENERGY CO 2015-01   2015-11   978 2,442     -1,464  
    SOUTHWESTERN ENERGY CO 2015-04   2015-11   489 1,192     -703  
    SOUTHWESTERN ENERGY CO 2015-06   2015-11   1,032 2,275     -1,243  
    STARBUCKS CORP 2014-06   2015-07   4,064 2,707     1,357  
    STERIS CORP MERGER EFF 11/2015 2014-11   2015-11   223 189     34  
    STERIS CORP MERGER EFF 11/2015 2014-11   2015-11   446 373     73  
    STERIS CORP MERGER EFF 11/2015 2014-11   2015-11   1,710 1,428     282  
    STERIS CORP MERGER EFF 11/2015 2015-05   2015-11   1,710 1,611     99  
    STERIS CORP MERGER EFF 11/2015 2015-05   2015-11   669 637     32  
    STERIS PLC GBP 2015-11   2015-11   446 446        
    STERIS PLC GBP 2015-11   2015-11   595 595        
    STERIS PLC GBP 2015-11   2015-11   882 892     -10  
    STERIS PLC GBP 2015-11   2015-11   74 74        
    STERIS PLC GBP 2015-11   2015-11   222 223     -1  
    STERIS PLC GBP 2015-11   2015-11   678 669     9  
    STERIS PLC GBP 2015-11   2015-11   1,575 1,562     13  
    STERIS PLC GBP 2015-11   2015-11   74 74        
    STERIS PLC GBP 2015-11   2015-11   223 223        
    TAIWAN SEMICONDUCTOR MFG CO LTD ADR 2013-09   2015-01   1,159 937     222  
    TARGET CORP 2013-09   2015-01   1,138 954     184  
    TEVA PHARMACEUTICALS IND LTD ISRAEL ADR 2011-06   2015-07   487 334     153  
    TEVA PHARMACEUTICALS IND LTD ISRAEL ADR 2011-08   2015-07   1,599 888     711  
    TEVA PHARMACEUTICALS IND LTD ISRAEL ADR 2011-08   2015-11   597 386     211  
    TEVA PHARMACEUTICALS IND LTD ISRAEL ADR 2013-01   2015-11   955 604     351  
    TEVA PHARMACEUTICALS IND LTD ISRAEL ADR 2013-01   2015-11   1,481 905     576  
    TEVA PHARMACEUTICALS IND LTD ISRAEL ADR 2013-01   2015-12   1,617 950     667  
    TOKIO MARINE HOLDINGS INC SPON ADR 2003-05   2015-05   993 326     667  
    TOKYO ELECTRON LTD ADR 2012-04   2015-03   1,624 1,215     409  
    TOKYO ELECTRON LTD ADR 2012-06   2015-03   277 177     100  
    TORONTO DOMINION BK B/E 02.375 101916 DTD101911 FC041912 2014-10   2015-03   2,046 2,050     -4  
    TORONTO DOMINION BK B/E 02.375 101916 DTD101911 FC041912 2014-10   2015-08   4,070 4,075     -5  
    TOTAL S.A. FRANCE SPON ADR 2003-04   2015-04   1,045 658     387  
    TOTAL S.A. FRANCE SPON ADR 2003-04   2015-07   495 329     166  
    TOTAL S.A. FRANCE SPON ADR 2004-08   2015-07   1,040 1,013     27  
    TOTAL S.A. FRANCE SPON ADR 2004-08   2015-08   1,454 1,399     55  
    TOTAL S.A. FRANCE SPON ADR 2006-03   2015-08   100 125     -25  
    TRANSDIGM GROUP INC 2012-02   2015-07   684 191     493  
    TRANSDIGM GROUP INC 2012-02   2015-03   1,312 382     930  
    TRANSDIGM GROUP INC 2012-02   2015-12   218 64     154  
    TRANSDIGM GROUP INC 2013-10   2015-12   655 354     301  
    TRANSDIGM GROUP INC 2013-10   2015-12   1,311 710     601  
    UNITEDHEALTH GROUP INC 2011-06   2015-07   1,831 741     1,090  
    VINCI S.A ADR 2010-09   2015-02   1,273 1,082     191  
    VINCI S.A ADR 2012-04   2015-02   600 458     142  
    VINCI S.A ADR 2012-04   2015-02   1,163 872     291  
    VINCI S.A ADR 2012-10   2015-02   358 258     100  
    VINCI S.A ADR 2012-10   2015-02   1,493 1,077     416  
    VISA INC CL A 2012-06   2015-07   2,270 866     1,404  
    WAL MART STORES INC 2000-03   2015-09   5,279 4,175     1,104  
    WELLS FARGO CO NEW NTS 05.625 121117 DTD121007 FC061108 2014-10   2015-12   5,398 5,409     -11  
    WHOLE FOODS MARKET INC 2014-06   2015-03   3,355 2,358     997  
    WHOLE FOODS MARKET INC 2014-06   2015-12   3,156 3,734     -578  
    WSTN DIGITAL CORP 2015-06   2015-12   3,942 6,018     -2,076  

    TY 2015 GeneralExplanationAttachment
    Name:
    WALLACE FAMILY FOUNDATION
    EIN:
    58-6343201
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Identifier Return Reference Explanation

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    WALLACE FAMILY FOUNDATION
    EIN:
    58-6343201
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Name of Bond End of Year Book Value End of Year Fair Market Value

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    WALLACE FAMILY FOUNDATION
    EIN:
    58-6343201
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DELAWARE CAPITAL MANAGEMENT 30583 312,330 266,188
    RORER ASSET MANAGEMENT 8763 192,755 210,586
    EADS EALDS INVESTMENT 10829 235,018 390,151
    RITTENHOUSE FIN. SERVICES INC 8563 154,681 276,068

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    WALLACE FAMILY FOUNDATION
    EIN:
    58-6343201
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    235,509
    State & Local Government Securities - End of Year Fair Market Value:


    235,249


    TY 2015 OtherDecreasesSchedule
    Name:
    WALLACE FAMILY FOUNDATION
    EIN:
    58-6343201
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Description Amount
    ROUNDING 3


    TY 2015 OtherIncomeSchedule2
    Name:
    WALLACE FAMILY FOUNDATION
    EIN:
    58-6343201
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SECURITIES LITIGATION PROCEEDS 492 492  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    WALLACE FAMILY FOUNDATION
    EIN:
    58-6343201
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    UBS PAINE WEBBER management fees 15,796 15,796    
    EADS HEALD MANAGEMENT FEES 2,140 2,140    


    TY 2015 TaxesSchedule
    Name:
    WALLACE FAMILY FOUNDATION
    EIN:
    58-6343201
    Software ID:
    15000290
    Software Version:
    15.3.0.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN EXCISE TAX 1,023 1,023