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
OTTO & FRAN WALTER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)THE BRICK HOUSE 7 OAK STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOOTHBAY HARBOR, ME04538
A Employer identification number

13-1625529
B Telephone number (see instructions)

(207) 633-7300
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$13,957,282J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 377,876 377,876  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 501,173
b Gross sales price for all assets on line 6a 6,527,640
7 Capital gain net income (from Part IV, line 2)... 501,173
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 879,049 879,049  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 130,500 32,625   97,875
14 Other employee salaries and wages...... 27,560 6,890   20,670
15 Pension plans, employee benefits....... 17,703 4,426   13,277
16a Legal fees (attach schedule)......... Click to see attachment 5,000 2,500   2,500
b Accounting fees (attach schedule)....... Click to see attachment 16,850 8,425   8,425
c Other professional fees (attach schedule).... Click to see attachment 84,879 42,440   43,279
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 28,460 3,342   10,026
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,846 0  
20 Occupancy.............. 15,222 3,806   11,416
21 Travel, conferences, and meetings....... 52,246 13,062   49,052
22 Printing and publications.......... 150 38   109
23 Other expenses (attach schedule)....... Click to see attachment 28,367 6,895   21,561
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 409,783 124,449   278,190
25 Contributions, gifts, grants paid....... 917,343 690,343
26 Total expenses and disbursements. Add lines 24 and 25 1,327,126 124,449   968,533
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -448,077
b Net investment income (if negative, enter -0-) 754,600
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............. 29,360 17,443 17,443
2 Savings and temporary cash investments......... 167,525 457,578 457,578
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..........   20,708 20,708
10a Investments—U.S. and state government obligations (attach schedule) 2,630,707 Click to see attachment2,296,517 2,413,596
b Investments—corporate stock (attach schedule)....... 8,166,569 Click to see attachment7,777,154 8,831,007
c Investments—corporate bonds (attach schedule)....... 1,916,183 Click to see attachment2,105,062 2,162,603
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 bullet37,533
Less: accumulated depreciation (attach schedule) bullet31,334 9,044 Click to see attachment6,199 6,199
15 Other assets (describe bullet) Click to see attachment49,750 Click to see attachment48,148 Click to see attachment48,148
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,969,138 12,728,809 13,957,282
Liabilities 17 Accounts payable and accrued expenses.......... 49,270 30,018
18 Grants payable.................. 1,207,250 922,000
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)......... 1,256,520 952,018
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 11,712,618 11,776,791
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    
30 Total net assets or fund balances (see instructions)..... 11,712,618 11,776,791
31 Total liabilities and net assets/fund balances (see instructions). 12,969,138 12,728,809
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
11,712,618
2
Enter amount from Part I, line 27a .....................
2
-448,077
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
512,250
4
Add lines 1, 2, and 3 ..........................
4
11,776,791
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
11,776,791
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 170 3M COMPANY P 2014-01-14 2015-07-16
b 1340 AT&T P 2012-05-02 2015-07-16
c 1630 ABBVIE INC P 2015-04-20 2015-08-28
d 1070 AETNA INC NEW P 2015-04-09 2015-12-21
e 7280 ALCOA INC P 2014-12-18 2015-11-16
560 ALEXANDRIA REAL EST EQTY REIT P 2014-07-25 2015-04-17
110 ALLSTATE CORPORATION P 2015-03-27 2015-07-16
300 AMER ELECTRIC PWR CO INC P 2014-06-26 2015-07-16
1770 AMERICAN EXPRESS COMPANY P 2015-02-20 2015-12-08
3130 AMERICAN INTL GROUP NEW P 2012-10-10 2015-08-25
450 AMGEN INCORPORATED P 2014-01-22 2015-07-16
850 APPLE INC P 2009-10-29 2015-07-16
2560 ARRIS GROUP INC NEW P 2014-12-02 2015-02-20
6390 BANK OF AMERICA P 2014-02-26 2015-07-16
760 BECTON DICKINSON & CO P 2015-03-02 2015-10-09
320 BEST BUY P 2014-11-18 2015-07-16
50 BIOGEN IDEC INC P 2011-08-24 2015-07-16
400 BOEING CO P 2012-07-20 2015-07-16
1810 BRINKER INTL INC P 2014-11-18 2015-07-16
260 CAPITAL ONE FINANCIAL CP P 2013-12-09 2015-07-16
1540 CH ROBINSON WORLDWD NEW P 2014-08-28 2015-03-27
910 CISCO SYSTEMS INC P 2014-05-20 2015-07-16
80 CITIGROUP INC P 2015-05-21 2015-07-16
240 COCA COLA ENT NEW P 2013-09-23 2015-07-16
340 COMCAST CORP NEW CL A P 2012-06-15 2015-07-16
220 CONOCOPHILLIPS P 2012-06-15 2015-07-16
300 COOPER COMPANIES NEW P 2014-10-27 2015-02-24
1520 DELTA AIR LINES INC NEW P 2012-12-19 2015-04-09
410 DISNEY WALT CO P 2014-02-11 2015-07-16
1290 DTE ENERGY COMPANY P 2015-04-01 2015-06-11
640 DUN & BRADSTREET CP NEW P 2014-04-29 2015-05-12
5080 EMC CORP MASS P 2014-08-11 2015-04-20
100 EQUITY RESIDENTIAL P 2015-04-17 2015-07-16
260 EXXON MOBIL CORP P 2005-11-14 2015-07-16
450 F5 NETWORKS INC P 2014-08-29 2015-02-20
1720 FEDERATED INVS PA CL B P 2014-12-10 2015-10-13
4560 FIFTH THIRD BANCORP P 2014-01-14 2015-01-12
70 FIRST SOLAR INC P 2015-02-17 2015-07-16
1390 FOOT LOCKER INC P 2014-06-25 2015-01-12
1310 FORD MOTOR COMPANY NEW P 2014-12-23 2015-07-16
2330 GENERAL ELECTRIC CO P 2004-07-02 2015-07-16
190 GILEAD SCIENCES INC P 2013-12-09 2015-07-16
20 GOOGLE INC CLASS A P 2013-10-25 2015-05-06
20 GOOGLE INC CLASS C P 2014-04-03 2015-05-06
1627 HALLIBURTON CO HLDG CO P 2013-03-25 2015-05-04
500 HOME DEPOT P 2011-09-16 2015-12-21
320 IBM CORP P 2015-07-16 2015-12-21
1330 ILLINOIS TOOL WORKS INC P 2013-09-05 2015-07-16
570 INTEL CORP P 2013-09-05 2015-07-16
4150 JETBLUE AIRWAYS CORP P 2014-12-19 2015-12-09
2520 JOHNSON & JOHNSON P 2004-07-14 2015-07-16
540 JPMORGAN CHASE & CO P 2004-07-14 2015-07-16
660 KIRBY CORPORATION P 2014-09-30 2015-02-20
1760 KRAFT FOODS GROUP P 2013-10-11 2015-04-09
1230 KROGER COMPANY P 2012-03-19 2015-09-14
1860 LEGG MASON INC P 2015-06-10 2015-12-08
970 LINCOLN NATIONAL CORP P 2013-09-09 2015-02-20
610 LYONDELLABASELL INDS P 2014-09-15 2015-11-16
190 MACYS INC P 2014-03-31 2015-01-12
1380 MALLINCKRODT PUB F P 2015-08-26 2015-11-16
510 MANPOWER GROUP P 2014-03-27 2015-08-10
3400 MARATHON OIL CORP P 2010-05-21 2015-05-21
210 MARATHON PETE CORP P 2013-12-23 2015-07-16
190 MCKESSON CORPORATION P 2011-11-22 2015-11-18
320 MERCK & CO INC NEW P 2014-04-14 2015-07-16
50 METLIFE INC P 2015-05-20 2015-07-16
2880 MICRON TECHNOLOGY P 2014-10-21 2015-08-25
770 MICROSOFT CORP P 2004-11-09 2015-07-16
2900 MONDELEZ INTL INC CL A P 2014-06-10 2015-06-01
2030 MOSAIC CO NEW P 2015-02-20 2015-09-15
1210 MYLAN INC P 2013-06-14 2015-05-21
210 OCCIDENTAL PETE CORP P 2014-08-18 2015-07-16
290 ORACLE CORPORATION P 2011-07-01 2015-07-16
840 PARKER-HANNIFIN CORP P 2014-06-04 2015-02-06
210 PEPSICO INCORPORATED P 2014-02-06 2015-07-16
840 PFIZER INCORPORATED P 2011-06-09 2015-01-12
4040 PILGRIMS PRIDE CORP P 2015-05-05 2015-11-18
1060 PINNACLE FOODS INC P 2015-01-22 2015-07-16
570 PITNEY BOWES INC P 2014-06-25 2015-07-16
4050 PROGRESSIVE CORP OHIO P 2014-06-19 2015-05-20
270 PUB SVC ENT GROUP INC P 2013-09-05 2015-07-16
650 PULTEGROUP INC P 2014-10-27 2015-07-16
340 QUINTILES TRANSNATL P 2015-09-15 2015-11-18
1840 RAYMOND JAMES FINL INC P 2014-10-15 2015-03-03
130 RAYTHEON COMPANY NEW P 2012-08-28 2015-07-16
10640 REGIONS FINANCIAL CP NEW P 2014-11-13 2015-11-16
430 SIRONA DENTAL SYSTEM P 2015-09-23 2015-12-17
40 TARGET CORPORATION P 2015-06-01 2015-07-16
1700 TEXAS INSTRUMENTS INC P 2015-04-20 2015-08-25
2410 TEXTRON INCORPORATED P 2015-01-15 2015-11-09
630 THERMO FISHER SCIENTIFIC P 2013-03-11 2015-03-02
1820 TIME WARNER INC P 2014-09-29 2015-10-09
580 UNITED THERAPEUTICS CORP P 2014-11-10 2015-11-17
310 UNIVERSAL HLTH SVCS CL B P 2014-08-25 2015-11-18
470 VERIZON COMMUNICATIONS P 2014-03-05 2015-07-16
60 WASTE MANAGEMENT P 2015-05-21 2015-07-16
1380 WELLS FARGO & CO NEW P 2014-01-22 2015-05-20
750 WESTERN DIGITAL CROP P 2013-09-06 2015-11-16
590 WHIRLPOOL CORP P 2013-02-21 2015-05-21
940 ZIMMER HOLDINGS INC P 2012-01-17 2015-09-15
100M YS T-NOTE @ 4.5% DUE 11/15/15 P 2007-01-05 2015-11-15
150M FED FARM CR BANK @ 4.875% DUE 12/16/15 P 2006-08-01 2015-12-16
100M TN VALLEY AUTH @ 4.375% DUE 06/15/15 P 2011-02-07 2015-06-15
100M MEDTRONIC INC @ 4.75% DUE 09/15/1/5 P 2010-03-30 2015-09-15
125M FRANKLIN RES @3.125% DUE 05/20/15 P 2010-10-18 2015-05-20
GOOGLE INC CLASS C CASH IN LIEU P 2010-10-18 2015-05-05
(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 26,979   23,455 3,524
b 46,065   45,484 581
c 101,928   101,627 301
d 113,484   115,441 -1,957
e 64,962   109,028 -44,066
52,342   43,269 9,073
7,583   7,772 -189
17,797   16,323 1,474
127,961   140,101 -12,140
187,764   121,636 66,128
72,634   55,031 17,603
98,764   38,465 60,299
67,837   76,230 -8,393
104,844   106,588 -1,744
102,616   112,625 -10,009
11,785   11,488 297
18,367   7,190 11,177
57,827   33,230 24,597
106,559   100,235 6,324
21,115   19,096 2,019
112,033   105,912 6,121
25,391   22,726 2,665
4,410   4,414 -4
10,705   10,234 471
19,632   11,515 8,117
14,041   12,813 1,228
49,214   46,646 2,568
63,473   17,102 46,371
45,285   31,480 13,805
96,853   103,503 -6,650
79,692   70,758 8,934
134,812   148,350 -13,538
7,480   7,606 -126
22,903   17,824 5,079
52,829   55,829 -3,000
52,150   56,226 -4,076
85,447   97,818 -12,371
3,764   3,447 317
72,581   72,765 -184
19,761   19,309 452
59,694   57,830 1,864
19,725   14,337 5,388
10,523   10,342 181
10,352   10,375 -23
78,801   77,913 888
59,810   26,226 33,584
44,166   54,235 -10,069
124,087   99,778 24,309
19,490   16,752 2,738
98,237   64,827 33,410
241,293   215,457 25,836
33,280   24,705 8,575
51,907   74,503 -22,596
150,735   93,405 57,330
59,649   19,776 39,873
81,337   100,948 -19,611
56,564   42,984 13,580
55,544   68,537 -12,993
12,588   11,094 1,494
87,684   116,801 -29,117
44,883   40,609 4,274
94,074   101,636 -7,562
17,809   16,266 1,543
38,105   20,059 18,046
19,355   18,402 953
2,823   2,628 195
48,560   86,152 -37,592
36,171   23,833 12,338
110,860   110,451 409
80,644   105,930 -25,286
83,924   37,662 46,262
16,179   20,251 -4,072
12,423   8,810 3,613
102,085   105,267 -3,182
20,116   17,361 2,755
27,684   18,945 8,739
76,712   101,165 -24,453
47,995   38,563 9,432
13,225   15,178 -1,953
110,120   103,317 6,803
11,181   8,709 2,472
13,622   13,131 491
22,678   25,513 -2,835
104,794   94,612 10,182
13,688   7,384 6,304
105,981   108,100 -2,119
45,985   41,920 4,065
3,367   3,210 157
82,305   99,619 -17,314
101,326   101,406 -80
82,387   48,306 34,081
133,010   138,328 -5,318
93,742   73,244 20,498
36,709   33,583 3,126
22,540   22,315 225
2,867   2,997 -130
76,032   65,541 10,491
51,352   50,870 482
112,562   66,824 45,738
95,294   51,954 43,340
100,000   100,000 0
150,000   150,000 0
100,000   100,000 0
100,000   100,000 0
125,000   125,000 0
336     336
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       3,524
b       581
c       301
d       -1,957
e       -44,066
      9,073
      -189
      1,474
      -12,140
      66,128
      17,603
      60,299
      -8,393
      -1,744
      -10,009
      297
      11,177
      24,597
      6,324
      2,019
      6,121
      2,665
      -4
      471
      8,117
      1,228
      2,568
      46,371
      13,805
      -6,650
      8,934
      -13,538
      -126
      5,079
      -3,000
      -4,076
      -12,371
      317
      -184
      452
      1,864
      5,388
      181
      -23
      888
      33,584
      -10,069
      24,309
      2,738
      33,410
      25,836
      8,575
      -22,596
      57,330
      39,873
      -19,611
      13,580
      -12,993
      1,494
      -29,117
      4,274
      -7,562
      1,543
      18,046
      953
      195
      -37,592
      12,338
      409
      -25,286
      46,262
      -4,072
      3,613
      -3,182
      2,755
      8,739
      -24,453
      9,432
      -1,953
      6,803
      2,472
      491
      -2,835
      10,182
      6,304
      -2,119
      4,065
      157
      -17,314
      -80
      34,081
      -5,318
      20,498
      3,126
      225
      -130
      10,491
      482
      45,738
      43,340
      0
      0
      0
      0
      0
      336
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 2 501,173
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 894,636 14,593,611 0.061303
2013 931,242 13,644,754 0.068249
2012 765,863 12,787,889 0.059890
2011 932,279 12,567,012 0.074185
2010 952,677 12,163,309 0.078324
2
Total of line 1, column (d) .....................
20.341951
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.068390
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
14,242,972
5
Multiply line 4 by line 3......................
5
974,077
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
7,546
7
Add lines 5 and 6........................
7
981,623
8
Enter qualifying distributions from Part XII, line 4.............
8
968,533
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 15,092
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 15,092
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 15,092
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 35,800
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 35,800
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 20,708
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet20,708 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY, ME
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WALTERFOUNDATION.ORG
    14
    The books are in care ofbulletNEIL SUMNER CPA Telephone no.bullet (212) 938-1930

    Located atbullet115 WEST 29TH ST SUITE 603NEW YORKNY ZIP+4bullet100015060
    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
     
    No
    ........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
    FRANK G HELMAN PRESIDENT
    30.00     		66,000 0 0
    88 APPALACHEE ROAD
    BOOTHBAY HARBOR,ME04538
    MARTHA H PEAK VICE-PRESIDENT
    30.00     		49,500 0 0
    88 APPALACHEE ROAD
    BOOTHBAY HARBOR,ME04538
    CARL R GRIFFIN III SECRETARY
    10.00     		15,000 0 0
    59 ATLANTIC AVE
    BOOTHBAY HARBOR,ME04538
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    14,013,568
    b
    Average of monthly cash balances.......................
    1b
    391,956
    c
    Fair market value of all other assets (see instructions)................
    1c
    54,346
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,459,870
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    14,459,870
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    216,898
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,242,972
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    712,149
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    712,149
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    15,092
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,092
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    697,057
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    697,057
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    697,057
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    968,533
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    968,533
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    968,533
    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 7 697,057
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 363,796
    b From 2011...... 319,678
    c From 2012...... 149,411
    d From 2013...... 279,059
    e From 2014...... 200,668
    fTotal of lines 3a through e........ 1,312,612
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 968,533
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 697,057
    e Remaining amount distributed out of corpus 271,476
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,584,088
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		363,796
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		1,220,292
    10 Analysis of line 9:
    a Excess from 2011.... 319,678
    b Excess from 2012.... 149,411
    c Excess from 2013.... 279,059
    d Excess from 2014.... 200,668
    e Excess from 2015.... 271,476
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MARTHA H PEAK VP GRANTS DIRECTOR
    OTTO AND FRAN WALTER FDN 7 OAK ST 7
    OAK STREET
    BOOTHBAY HARBOR,ME04538
    (207) 633-7300
    bThe form in which applications should be submitted and information and materials they should include:
    E-MAIL TO GRANTS@WALTERFOUNDATION.ORG REQUESTING FOUNDATION'S GUIDELINES FOR GIVING BEFORE SUBMITTING GRANT REQUEST.
    cAny submission deadlines:
    APPLICATIONS CONTINUOUSLY ACCEPTED THROUGHOUT YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS OR TO ANY PROGRAM OR ORGANIZATION THAT HAS A PURELY RELIGIOUS OR ETHNIC AGENDA OR THAT DISCRIMINATES BASED ON SEX OR SEXUAL ORIENTATION.
    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
    FRIENDS OF THAI DAUGHTERS
    PO BOX 370
    TREVETT,ME04571     		N/A PUBLIC CHARITY TO HELP PREVENT CHILD TRAFFICKING 143,093
    METROPOLITAN OPERA ASSOCIATION
    LINCOLN CENTER
    MEW YORK,NY10023     		N/A PUBLIC CHARITY TO ADD NEW SCHOOL DISTRICT 25,000
    MUSKINGUM COLLEGE
    163 STORMENT STREET
    NEW CONCORD,OH43762     		N/A PUBLIC CHARITY SUPPORT CONSTRUCTION OF NEW BUILDING 117,250
    ROTARY CLUB OF KAJJANSI
    OFF ENTEBBE ROAD
    KAJJANSI,CENTRAL UGANDA  
    UG     		N/A PUBLIC CHARITY TO ESTABLISH SCHOOL PROGRAMS 130,000
    SAFE PASSAGE
    PO BOX 663
    YARMOUTH,ME04096     		N/A PUBLIC CHARITY NEW SCHOOL BUILDING CAPITAL SUPPORT 120,000
    THE ROTARY FOUNDATION
    777 UNITED NATIONS PLAZA
    NEW YORK,NY10017     		N/A PUBLIC CHARITY TO ENDOW A PEACE FELLOWSHIP 125,000
    BRANDEIS UNIVERSITY
    415 SOUTH STREET
    WALTHAM,MA02453     		N/A PUBLIC CHARITY TO SUPPORT CROSS-CULTURAL UNDERSTANDING AT THE CENTER FOR GERMAN AND EUROPEAN STUDIES 30,000
    Total .................................bullet 3a 690,343
    bApproved for future payment
    METROPOLITAN OPERA ASSOCIATION
    LINCOLN CENTER
    NEW YOTK,NY10023     		N/A PUBLIC CHARITY TO SUPPORT THE HD LIVE IN SCHOOLS PROGRAM 125,000
    ROTARY CLUB OF KAJJANSI
    OFF ENTEBBE ROAD
    KAJJANSI,CENTRAL UGANDA  
    UG     		N/A PUBLIC CHARITY TO ESTABLISH SCHOOL PROGRAMS 102,000
    Total .................................bullet 3b 227,000
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 377,876  
    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 ............     		    18 501,173  
    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).. 0 879,049 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13879,049
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    QUARTERLY ACCOUNTING 7,350 3,675   3,675
    PREPARATION OF FINANCIAL STMTS 5,000 2,500   2,500
    TAX REPORT SERVICES 4,500 2,250   2,250

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

    TY 2015 DepreciationSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    FURNITURE 2004-09-01 3,177 3,177 SL 7.000000000000 0 0    
    FURNITURE 2005-03-03 1,122 1,122 SL 7.000000000000 0 0    
    FURNITURE & FIXTURES 2007-07-01 8,049 8,049 SL 7.000000000000 0 0    
    OFFICE EQUIPMENT 2007-07-01 1,091 1,091 SL 5.000000000000 0 0    
    DRIVEWAY 2008-11-17 9,300 3,772 SL 15.000000000000 620 0    
    FILING CABINET 2009-03-27 1,102 903 SL 7.000000000000 157 0    
    COMPUTERS 2010-11-16 4,501 3,675 SL 5.000000000000 826 0    
    COMPUTERS 2011-11-28 5,368 3,311 SL 5.000000000000 1,074 0    
    COMPUTERS 2012-09-25 760 342 SL 5.000000000000 152 0    
    FURNITURE & FIXTURES 2008-02-06 1,470 1,453 SL 7.000000000000 17 0    
    COMPUTERS 2008-05-07 1,593 1,593 SL 5.000000000000 0 0    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Name of Bond End of Year Book Value End of Year Fair Market Value
    250,000 GE CAPITAL 5.4% DUE 02/15/20 251,602 261,454
    100,000 HONEYWELL 5.3% DUE 03/01/201 102,488 107,929
    150,000 IBM 5.7% DUE 09/14/2017 152,024 160,897
    150,000 ORACLE 5% DUE 07/08/2019 153,335 165,170
    150,000 TARGET CORPORATION 5.875% DU 151,819 153,904
    150,000 JP MORGAN CHASE 6% DUE 01/15 153,803 161,737
    150,000 MCDONALDS CORP 3.5% DUE 7/15 151,111 154,895
    100,000 LOWES COMPANIES 3.75% DUE 4/ 102,538 105,488
    150,000 BERKSHIRE HATAWAY 3.75% DUE 160,468 160,008
    150,000 THE HOME DEPOT 3.75% DUE 2 151,699 159,484
    150,000 UNITED TECH CORP 3.1% DUE 6/ 151,594 152,794
    150,000 APPLE INC 2.1% DUE 05/06/2019 152,141 151,796
    125,000 STATE STREET CORP 3.7% DUE 11/20/2023 133,405 129,756
    125,000 EMERSON ELECTRIC 4.875% DUE 10/15/2019 137,035 137,291

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3,990 A T & T 135,438 137,296
    3,590 APPLE INC 162,457 377,883
    1,530 CAPITAL ONE FINANCE 112,373 110,435
    6,280 CISCO SYSTEMS INC 159,986 170,533
    1,680 CONOCOPHILLIPS 97,847 78,439
    2,045 EXXON MOBIL CORP 140,192 159,408
    3,265 GENERAL ELECTRIC CO 81,036 101,705
    6,160 INTEL CORP 182,621 212,212
    3,700 JPMORGAN CHASE & CO 179,631 244,311
    1,540 MACYS INC FKA FEDERATED 89,923 53,869
    6,340 MICROSOFT CORP 200,217 351,743
    4,050 VERIZON COMMUNICATIONS 192,288 187,191
    450 BIOGEN IDEC INC 109,945 137,165
    1,220 HOME DEPOT INC 63,991 161,345
    470 MCKESSON CORPORATION 49,620 92,698
    2,750 ORACLE CORPORATION 96,599 100,458
    6,650 PFIZER INCORPORATED 169,007 214,662
    920 BOEING CO 76,429 133,023
    2,900 COMCAST CORP NEW CL A 110,672 163,647
    910 DELTA AIR LINES INC NEW 45,432 46,128
    1,580 DISNEY WALT CO 121,315 165,026
    2,540 KROGER COMPANY 30,810 106,248
    3,170 MERCK & CO INC NEW 179,486 167,439
    900 RAYTHEON COMPANY NEW 51,123 112,077
    1,000 3M COMPANY 137,978 150,640
    2,130 COCA COLA ENT NEW 93,077 104,881
    1,740 GILEAD SCIENCES INC 153,903 176,071
    2,150 MARATHON PETE CORP 94,519 111,456
    3,060 PUB SVC ENT GROUP INC 106,818 118,391
    6,520 PULTEGROUP INC 127,907 116,186
    590 WESTERN DIGITAL CORP 40,499 35,430
    1,830 AMER ELECTRIC PWR CO INC 99,571 106,634
    1,110 AMGEN INCORPORATED 147,901 180,186
    8,150 BANK OF AMERICA 135,851 137,165
    2,030 BEST BUY INC 72,875 61,814
    1,520 FEDERATED INVS PA CL B 49,688 43,548
    7,730 FORD MOTOR COMPANY NEW 113,940 108,916
    1,820 JETBLUE AIRWAYS CORP 28,539 41,223
    520 LYONDELLABASELL INDS 58,425 45,188
    1,260 MANPOWER GROUP 103,183 106,205
    1,200 OCCIDENTAL PETE CORP 115,718 81,132
    1,680 PEPSICO INCORPORATED 138,886 167,866
    3,780 PITNEY BOWES INC 100,651 78,057
    430 UNIVERSAL HEALTH SVCS CL B 46,582 51,381
    2,840 ABBOT LABORATORIES 125,324 127,544
    2,230 ALLSTATE CORPORATION 155,065 138,461
    210 ALPHABET INC CLASS A 108,587 163,382
    210 ALPHABET INC CLASS C 108,935 159,365
    2,370 ARCHER-DANIELS-MIDLN 102,953 86,932
    3,270 CITIGROUP INC 180,411 169,223
    1,940 DISCOVER FINANCIAL S 104,786 104,023
    1,560 DOVER CORPORATION 92,794 95,644
    940 EDISON INTERNATIONAL 57,131 55,657
    1,370 EQUITY RESIDENTIAL 104,196 111,778
    920 FIRST SOLAR INC 45,302 60,711
    2,060 FLUOR CORPORATION 92,542 97,273
    2,810 GOODYEAR TIRE&RUBBER 91,872 91,803
    720 IBM CORP 122,030 99,086
    2,430 INTERNATIONAL PAPER 103,007 91,611
    4,310 JUNIPER NETWORKS INC 122,697 118,956
    2,910 METLIFE INC 152,359 140,291
    630 NORTHROP GRUMMAN CO 107,291 118,950
    4,600 NUANCE CUMMUNI INC 96,703 91,494
    2,230 PINNACLE FOODS INC 81,127 94,686
    2,710 QUALCOMM INC 137,481 135,459
    850 QUINTILES TRANSNATL 63,783 58,361
    520 SIRONA DENTAL SYSTEM 50,694 56,976
    1,790 SPIRIT AEROSYSTEMS 92,445 89,625
    2,390 SUNTRUST BANKS INC 103,380 102,388
    1,820 TARGET CORPORATION 146,076 132,150
    1,220 THE MACERICH COMPANY 98,375 98,442
    2,500 WASTE MANAGEMENT INC 124,859 133,425

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    US Government Securities - End of Year Book Value:

    2,296,517
    US Government Securities - End of Year Fair Market Value:

    2,413,596
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2015 LandEtcSchedule2
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE 3,177 3,177 0  
    FURNITURE 1,122 1,122 0  
    FURNITURE & FIXTURES 8,049 8,049 0  
    OFFICE EQUIPMENT 1,091 1,091 0  
    DRIVEWAY 9,300 4,392 4,908  
    FILING CABINET 1,102 1,060 42  
    COMPUTERS 4,501 4,501 0  
    COMPUTERS 5,368 4,385 983  
    COMPUTERS 760 494 266  
    FURNITURE & FIXTURES 1,470 1,470 0  
    COMPUTERS 1,593 1,593 0  


    TY 2015 LegalFeesSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 5,000 2,500   2,500


    TY 2015 OtherAssetsSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT - RENT 960 960 960
    ACCRUED INVESTMENT INCOME 48,790 47,188 47,188


    TY 2015 OtherExpensesSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TEL, COMPUTER & INTERNET 13,191 3,298   9,904
    INSURANCE 1,808 452   1,356
    OFFICE & POSTAGE 8,931 2,233   6,756
    DUES,FEES & PERMITS 4,437 912   3,545


    TY 2015 OtherIncreasesSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Description Amount
    ACCRUED GRANTS PAID 512,250


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVICE 84,879 42,440   43,279


    TY 2015 TaxesSchedule
    Name:
    OTTO & FRAN WALTER FOUNDATION INC
    EIN:
    13-1625529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE 15,092 0   0
    PAYROLL 13,368 3,342   10,026