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
THE SHANNON FOUNDATION INC
C/O MARY BETH GRENNER CPA LLC
Number and street (or P.O. box number if mail is not delivered to street address)104 COLONY PARK DRIVE RM/STE 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CUMMING, GA30040
A Employer identification number

58-2309103
B Telephone number (see instructions)

(770) 886-0334
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$6,666,999J Accounting method:
MODIFIED CASH
(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) 7,730
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 33,861 33,861  
4 Dividends and interest from securities... 98,878 98,878  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 335,426
b Gross sales price for all assets on line 6a 2,139,128
7 Capital gain net income (from Part IV, line 2)... 335,426
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........ 475,895 468,165  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 100,000      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 8,646      
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,450     6,450
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 13,006 1,268    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 64,375 64,311    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 192,477 65,579   6,450
25 Contributions, gifts, grants paid....... 175,000 175,000
26 Total expenses and disbursements. Add lines 24 and 25 367,477 65,579   181,450
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 108,418
b Net investment income (if negative, enter -0-) 402,586
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......... 162,420 240,586 240,586
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)      
b Investments—corporate stock (attach schedule)....... 4,410,494 Click to see attachment4,366,650 5,107,196
c Investments—corporate bonds (attach schedule)....... 1,243,991 Click to see attachment1,319,333 1,319,217
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) Click to see attachment1,292    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,818,197 5,926,569 6,666,999
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) Click to see attachment2,375 Click to see attachment2,329
23 Total liabilities (add lines 17 through 22)......... 2,375 2,329
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 5,815,822 5,924,240
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)..... 5,815,822 5,924,240
31 Total liabilities and net assets/fund balances (see instructions). 5,818,197 5,926,569
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
5,815,822
2
Enter amount from Part I, line 27a .....................
2
108,418
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,924,240
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
5,924,240
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 PUBLICALLY TRADED SECURITIES-US PCP P    
b PUBLICALLY TRADED SECURITIES - EPOCH P    
c PUBLICALLY TRADED SECURITIES -INVESC P    
d PUBLICALLY TRADED SECURITIES - BARON P    
e PUBLICALLY TRADED SECURITIES - CORP P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 938,465   743,572 194,893
b 261,729   209,493 52,236
c 390,316   334,705 55,611
d 244,540   215,642 28,898
e 303,634   300,290 3,344
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       194,893
b       52,236
c       55,611
d       28,898
e       3,344
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 2 335,426
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 3 334,982
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 284,185 6,886,369 0.041268
2013 236,415 6,464,914 0.036569
2012 101,675 5,968,301 0.017036
2011 592,164 6,155,342 0.096203
2010 485,423 6,932,166 0.070025
2
Total of line 1, column (d) .....................
20.261101
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
0.052220
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
6,749,826
5
Multiply line 4 by line 3......................
5
352,476
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,026
7
Add lines 5 and 6........................
7
356,502
8
Enter qualifying distributions from Part XII, line 4.............
8
181,450
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 8,052
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 8,052
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,052
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 7,072
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,100
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,172
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 2,120
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet2,120 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    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
     
     
    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 addressbulletN/A
    14
    The books are in care ofbulletMARY BETH GRENNER CPA LLC Telephone no.bullet (770) 886-0334

    Located atbullet104 COLONY PARK DR 100CUMMINGGA ZIP+4bullet30040
    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
     
     
    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
    MARY J SHANNON
    C/O GRENNER AND ASSOCIATES LLC     		DIRECTOR
    25.00     		0 0 0
    104 COLONY PARK DR 100
    CUMMING,GA30040
    DAVID D SHANNON
    C/O GRENNER AND ASSOCAITES LLC     		DIRECTOR
    25.00     		25,000 0 0
    104 COLONY PARK DRIVE 100
    CUMMING,GA30040
    LIAM SHANNON DIRECTOR
    25.00     		25,000 0 0
    104 COLONY PARK DR 100
    CUMMING,GA30040
    EAMON SHANNON DIRECTOR
    25.00     		25,000 0 0
    104 COLONY PARK DR 100
    CUMMING,GA30040
    BRETTANY SHANNON DIRECTOR
    25.00     		25,000 0 0
    104 COLONY PARK DR 100
    CUMMING,GA30040
    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  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    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
    6,686,594
    b
    Average of monthly cash balances.......................
    1b
    165,822
    c
    Fair market value of all other assets (see instructions)................
    1c
    199
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,852,615
    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
    6,852,615
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    102,789
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,749,826
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    337,491
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    337,491
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    8,052
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,052
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    329,439
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    329,439
    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
    329,439
    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
    181,450
    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
    181,450
    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
    181,450
    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 7 329,439
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011...... 197,512
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 197,512
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 181,450
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 181,450
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015. 147,989 147,989
    (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 49,523
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		49,523
    10 Analysis of line 9:
    a Excess from 2011.... 49,523
    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).)
    PHILIP SHANNON JR
    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
    DOCTORS WITHOUT BORDERS USA
    PO BOX 5030
    HAGERSTOWN,MD217415030     		NONE 509(A) EMERGENCY CARE 1,000
    DOWNTOWN WOMEN'S CENTER
    442 S SAN PEDRO ST
    LOS ANGELES,CA90013     		NONE 509(A) ENDD HOMELESSNESS FOR WOMEN 1,000
    FREEWAVES
    6522 HOLLYWOOD BLVD
    LOS ANGELES,CA90028     		NONE 509(A) OUT THE WINDOW PROJECT 5,000
    FRIENDS OF THE LOS ANGELES RIVER
    570 W AVENUE 26 250
    LOS ANGELES,CA90065     		NONE 509(A) ENVIRONMENTAL PROTECTION 1,000
    FRIENDS OF THE MILTON LIBRARY
    12220 BIRMINGHAM HWY
    BUILDING 30
    MILTON,GA30004     		NONE 509(A) RESTORATION OF BUILDING 20,000
    GREY NUNS OF THE SACRED HEART
    ATTN EILEEN DICKERSON
    1750 QUARY ROAD
    YARDLEY,PA19067     		NONE 509(A) NURSING HOME 1,500
    HOMEBOY INDUSTRIES
    DEVELOPMENT OFFICE
    130 W BRUNO STREET
    LOS ANGELES,CA90012     		NONE 509(A) PREVENTION OF GANG LIFE 1,000
    HONOLULU WALDORF SCHOOL
    DEVELOPMENT OFFICE
    5257 KALANIANAOLE HIGHWAY
    HONOLULU,HI96821     		NONE 509(A) EDUCATION 5,000
    LEGAL OUTREACH
    36-14 35TH STREET
    LONG ISLAND CITY,NY11106     		NONE 509(A) LAW RELATEED EDUCATIONAL ASSIST 2,000
    LOS ANGELES SPCA
    5026 WEST JEFFERSON BOULE
    LOS ANGELES,CA90016     		NONE 509(A) SPAYING 15 CATS 1,000
    PAIDEIA SCHOOL
    ATTN DEVELOPMENT
    1509 PONCE DE LEON AVENUE
    ATLANTA,GA30307     		NONE 509(A) EDUCATION 20,000
    PALAMA SETTLEMENT
    810 N VINEYARD BLVD
    HONOLULU,HI96817     		NONE 509(A) SOCIAL WORK IN HI 26,000
    SETON HALL UNIVERISTY
    457 CENTRE ST
    SOUTH ORANGE,NJ07079     		NONE 509(A) SETON HALL FUND/SCHOLARSHIP 15,000
    SISTERS OF NOTRE DAME DE NAMUR
    TRI-PROVINCE DEVELOPMENT
    PO BOX 157
    STEVENSON,MD21153     		NONE 509(A) ASSIST RETIRED AND INFIRMED NUNS 1,500
    THE MOJAVE DESERT LAND TRUST
    61732 TWENTYNINE PALMS HW
    JOSHUA TREE,CA92252     		NONE 509(A) LAND PRESERVATION 1,000
    THE PLACE OF FORSYTH COUNTY INC
    2550 THE PLACE CIRCLE
    CUMMING,GA30040     		NONE 509(A) EMERGENCY ASSISTANCE 6,000
    THEATRE ARTS STUDIO
    4848 E CACTUS RD SUITE
    SCOTTSDALE,AZ85254     		NONE 509(A) ENRICH CULTURAL LIFE OF THE COMMUNIT 2,000
    TRINITY WASHINGTON UNIVERSITY
    DBA TRINITY WASHINGTON UN
    125 MICHIGAN AVE NE
    WASHINGTON,DC20017     		NONE 509(A) EDUCATION 50,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    UNIVERSITY PARK CAMPUS
    ADM 160 MC 4017
    LOS ANGELES,CA900894017     		NONE 509(A) EDUCATION 7,500
    VANDERBILT UNIVERSITY
    PMB 407727
    NASHVILLE,TN372407727     		NONE 509(A) EDUCATION 7,500
    Total .................................bullet 3a 175,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 33,861  
    4 Dividends and interest from securities....     14 98,878  
    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 ............     		    14 444 334,982
    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)..   133,183 334,982
    13Total. Add line 12, columns (b), (d), and (e)..................
    13468,165
    (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:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX RETURN PREPAR 6,450     6,450

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMAZON.COM INC 3.3% 49,938 51,448
    ANALOG DEVICES, INC. 3.0% 04/15/2016    
    APPLE INC. 1.0% 74,723 74,391
    BANK OF AMERICA CORP 5.,625% 55,210 55,539
    BECTION DICKINSON AND COMPANY 50,000 50,272
    CITIGROUP INC. 2.65% 10/26/2020 SR L 49,944 49,596
    CLOROX COMPANY (THE) CPN 5.0000 01/1    
    COMCAST CORPORATION 4.95% 06/15/2016 50,303 50,902
    EASTMAN CHEMICAL COMPANY 2.7% 49,896 49,506
    ENTERPRISE PRODUCTS OPERATING 2.55% 50,159 47,936
    GENERAL ELECTRIC CAPITAL CORP MTN 5. 80,697 81,795
    GENZYME CORPORATION 3.625% 06/15/201    
    GILEAD SCIENCES INC. 3.25% 09/01/202 51,097 50,347
    HEWLETT-PACKARD OMPANY 2.6%    
    LOWE'S COMPNAIES, INC. 1.625% 75,072 75,466
    MORGAN STANLEY MTN 5.55% 04/27/2017 101,443 104,924
    PEPSICO, INC. 4.5% 01/15/2020 USD SR 55,286 54,305
    ROYAL BANK OF CANADA 1.875% 02/05/20 74,990 73,633
    TEVA PHARMACEUTICAL FIN II BV 3.0% 0    
    TYCO ELECTRONICS GROUP S.A. 3.5% 02/ 52,735 50,908
    UNION PACIFIC CORPORATION 2.25% 06/1 49,918 50,080
    UNITEDHEALTH GROUP INC 2./875% 49,946 50,694
    VERIZON COMMUNICATIONS INC. 3.0% 04/ 56,231 56,252
    VIACOM INC 2.2% 49,468 49,114
    WELLPOINT, INC 1.875% 100,526 99,566
    WELLS FARGO & COMPNAY MTN 5.75% 80,215 81,007
    ACCRUED INTEREST 11,536 11,536

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD SPONSORED ADR CMN    
    ABBOTT LABORATORIES CMN 63,108 84,521
    ABBOTT LABORATORIES CMN 7,534 12,575
    ABBVIE INC. CMN 7,900 15,106
    ABERDEEN ASSET MANAGEMENT PLC ADR CM 4,453 2,651
    ADIDAS AG ADR CMN    
    AGCO CORP CMN    
    AGILENT TECHNOLOGIES, INC. CMN    
    AIR LEASE CORPORATION CMN 15,990 14,564
    AIR METHODS CORP NEW CMN 7,125 7,128
    AIRGAS INC CMN 8,827 18,673
    ALLERGAN PLC CMN 40,561 43,125
    ALLERGAN PLC CMN 17,988 18,750
    ALLIANZ SE ADR CMN 4,925 5,401
    ALPHABET INC. CMN CLASS A 33,925 70,021
    ALPHABET INC. CMN CLASS A 2,315 4,668
    ALPHABET INC. CMN CLASS C 2,307 4,553
    ALPHABET INC. CMN CLASS C 17,196 19,731
    AMADEUS IT HLDG S A ADR CMN 1,607 3,491
    AMAZON.COM INC CMN 15,384 58,802
    AMCOR LTD ADR (NEW) ADR CMN 5,713 5,828
    AMERICAN INTL GROUP, INC. CMN 58,921 71,451
    AMERICAN INTL GROUP, INC. CMN 15,760 20,698
    AMERICAN TOWER CORPORATION CMN 47,886 76,784
    AMERIPRISE FINANCIAL, INC. CMN 11,461 14,686
    AMERISOURCEBERGEN CORPORATION CMN    
    ANADARKO PETROLEUM CORP CMN 14,755 8,647
    ANSYS INC CMN 12,812 21,183
    ANSYS INC CMN    
    APPLE, INC. CMN 53,853 80,208
    APPLE, INC. CMN 19,639 30,420
    APPLIED MATERIALS INC CMN 10,655 9,727
    AVAGO TECHNOLOGIES LTD CMN 1,454 5,661
    BAIDU, INC. SPONSORED ADR CMN 1,425 3,025
    BANCO BRADESCO S.A. ADR CMN    
    BANK OF AMERICA CORP CMN 84,261 96,352
    BANKUNITED INC CMN    
    BLACKROCK, INC. CMN 6,160 12,259
    BOEING COMPANY CMN 37,150 66,367
    BOEING COMPANY CMN 10,655 21,544
    BRAMBLES LIMITED UNSPONSORED ADR CMN 1,943 2,357
    BRF SA SPONSORED ADR CMN 3,119 1,990
    BRITISH AMERICAN TOBACCO PLC SPONS A 6,049 6,296
    BRITISH SKY BROADCASTING GROUP PLC A    
    BUNZL PLC SPONSORED ADR CMN 1,583 2,528
    CALIFORNIA RESOURCES CORP CMN    
    CANADIAN NATIONAL RAILWAY CO. CMN 2,471 3,241
    CAPITAL ONE FINANCIAL CORP CMN    
    CARLSBERG AS SPONSORED ADR CMN 5,901 5,171
    CARMAX, INC. CMN 10,891 19,267
    CBRE GROUP INC CMN 6,335 8,783
    CENOVUS ENERGY INC. CMN 3,469 1,994
    CENTRICA PLC SPONSORED ADR CMN    
    CENTURYLINK INC CMN 7,731 5,762
    CERNER CORP CMN 5,189 10,169
    CGI GROUP INC CMN CLASS A 5,311 6,645
    CHARLES SCHWAB CORPORATION CMN 30,065 49,164
    CHECK POINT SOFTWARE TECH. LTD ORDIN    
    CHEUNG KONG HLDGS LTD (ADR) ADR CMN    
    CHINA MOBILE LIMITED SPONSORED ADR C    
    CHIPOTLE MEXICAN GRILL, INC. CMN    
    CHOICE HOTELS INTL INC CMN 13,571 18,047
    CIELO S A SPONSORED ADR CMN 2,902 2,335
    CIT GROUP INC. CMN CLASS 9,484 8,655
    CITIGROUP INC. CMN 13,157 13,921
    CITIZENS FINANCIAL GROUP INC CMN 10,827 11,393
    CITRIX SYSTEMS INC CMN    
    CK HUTCHISON HLDGS LTD ADR CMN 7,945 6,545
    CME GROUP INC. CMN CLASS A 8,506 11,869
    CNOOC LIMITED SPONSORED ADR CMN    
    COCA-COLA AMATIL LIMITED SPONSORED A 2,274 1,198
    COLFAX CORPORATION CMN    
    COLGATE-PALMOLIVE CO CMN 63,056 64,422
    COMCAST CORPORATION CMN CLASS A NON    
    COMPAGNIE FINANCIERE RICHEMONT UNSPO 3,103 3,004
    COMPASS GROUP PLC SPONSORED ADR CMN 3,118 4,780
    CONCHO RESOURCES INC. CMN    
    COOPER COMPANIES INC (NEW) CMN    
    CORE LABORATORIES N.V. CMN    
    COSTAR GROUP, INC. CMN 29,835 31,210
    COSTCO WHOLESALE CORPORATION CMN 36,396 75,905
    CVS CAREMARK CORPORATION CMN 9,563 15,741
    DANA HOLDING CORPORATION CMN    
    DAVITA HEALTHCARE PARTNERS INC CMN    
    DELPHI AUTOMOTIVE PLC CMN    
    DENSO CORP ADR ADR CMN 1,445 2,128
    DEUTSCHE BOERSE AG UNPOSNORED ADR CM 4,441 5,216
    DEUTSCHE POST AG SPONSORED ADR CMN 2,789 3,045
    DEUTSCHE TELEKOM AG SPONSORED ADR CM    
    DEVON ENERGY CORPORATION (NEW) CMN 56,253 30,144
    DEVON ENERGY CORPORATION (NEW) CMN 12,228 4,224
    DICKS SPORTING GOODS INC CMN 11,826 10,640
    DICKS SPORTING GOODS INC CMN 7,553 6,787
    DISCOVERY COMMUNICATIONS, INC. CMN S    
    DISCOVERY COMMUNICATIONS, INC. CMN S    
    E.I. DU PONT DE NEMOURS AND CO CMN 31,185 36,896
    E.I. DU PONT DE NEMOURS AND CO CMN 8,937 11,722
    EBAY INC. CMN    
    ECOLAB INC CMN    
    ECOLAB INC CMN 4,069 9,722
    EDWARDS LIFESCIENCES CORP CMN 7,596 17,692
    EMC CORPORATION MASS CMN 58,038 61,298
    ENCANA CORPORATION CMN    
    ERICSSON AMERICAN ADR CMN CLASS B 5,737 4,930
    EXXON MOBIL CORPORATION CMN 74,976 69,298
    EXXON MOBIL CORPORATION CMN    
    FACTSET RESEARCH SYSTEMS INC CMN 22,668 37,391
    FANUC CORP UNSPONSORED ADR CMN 2,155 2,336
    FASTENAL CO CMN 12,347 16,287
    FIDELITY NATIONAL FINANCIAL, I CMN 7,476 7,177
    FIDELITY NATL INFO SVCS INC CMN 8,458 12,665
    FIRST DATA CORPORATION CMN CLASS A 7,475 7,497
    FIRSTENERGY CORP CMN 61,695 58,161
    FLEETCOR TECHNOLOGIES, INC. CMN 6,919 13,864
    FOMENTO ECONOMICO MEXICANO SAB DE C. 1,904 2,124
    GALAXY ENTMT GROUP LTD SPONSORED ADR    
    GAP INC CMN 69,652 41,965
    GARTNER, INC. CMN 15,933 30,385
    GENERAL ELECTRIC CO CMN 41,907 66,661
    GENERAL ELECTRIC CO CMN 14,267 18,067
    GENUINE PARTS CO. CMN 5,470 8,933
    GETINGE AB UNSPONSORED ADR CMN 4,380 4,724
    GILEAD SCIENCES CMN 16,712 14,976
    GOOGLE, INC. CMN CLASS A    
    GOOGLE, INC. CMN CLASS A    
    GOOGLE, INC. CMN CLASS A    
    GOOGLE, INC. CMN CLASS A    
    GREAT WALL MTR CO LTD ADR CMN 4,566 3,635
    GRUPO TELEVISA, S.A. GDS REP 5 CPO'S 3,994 4,653
    GS EMERGING MARKETS EQUITY FUND INS 86,963 71,689
    GS HIGH YIELD FUND INSTITUTIONAL SH 363,835 301,997
    GUIDEWIRE SOFTWARE INC CMN 14,798 17,386
    HELMERICH & PAYNE INC. CMN    
    HEXCEL CORPORATION (NEW) CMN 6,999 8,129
    HONEYWELL INTL INC CMN 30,178 54,789
    HUNTINGTON BANCSHARES INCORPOR CMN    
    HUTCHISON WHAMPOA (ADR) ADR CMN    
    HYATT HOTELS CORPORATION CMN CLASS A 51,535 51,440
    IDEXX LABORATORIES CMN 15,484 29,022
    ILLUMINA, INC. CMN 15,748 36,661
    INDUSTRIAL & COMMERCIAL BANK O ADR C 2,886 2,633
    INGERSOLL-RAND PLC CMN 9,538 12,219
    INOVALON HOLDINGS, INC. CMN CLASS A 20,794 13,906
    INTEL CORPORATION CMN 39,214 52,915
    INTERCONTINENTAL EXCHANGE INC CMN 31,018 39,720
    INVESTORS BANCORP, INC. CMN 8,871 9,977
    ITC HOLDINGS CORP. CMN 21,177 33,284
    J.M. SMUCKER CO. CMN 7,615 7,647
    JACOBS ENGINEERING GRP CMN 7,165 5,831
    JAPAN TOBACCO INC. ADR CMN 3,951 4,739
    JPMORGAN CHASE & CO CMN 64,867 98,517
    JULIUS BAER GROUP LTD. ADR CMN 2,823 3,558
    KASIKORNBANK PUB CO LTD ADR CMN 5,152 3,446
    KEPPEL CORP LTD (ADR) SPONSORED ADR    
    KINGFISHER PLC SPONSORED ADR CMN 4,299 4,196
    KOHL'S CORP (WISCONSIN) CMN 6,444 6,478
    KOMATSU LTD ADR (NEW) SPONSORED GDS 3,741 2,749
    LLOYDS BANKING GROUP PLC SPONSORED A 4,150 3,654
    LSV: NON-US EQUITY OFFSHORE L.P. 525,000 614,931
    MANCHESTER UTD PLC NEW CMN CLASS A 15,532 16,474
    MARSH & MCLENNAN CO INC CMN 5,495 9,205
    MASCO CORPORATION CMN    
    MC DONALDS CORP CMN    
    MCKESSON CORPORATION CMN 17,584 16,567
    METLIFE, INC. CMN    
    METTLER-TOLEDO INTL CMN 12,773 25,435
    MICROSOFT CORPORATION CMN 29,752 51,652
    MICROSOFT CORPORATION CMN 13,724 29,460
    MOBILEYE N V CMN 31,578 24,565
    MORGAN STANLEY CMN 12,065 12,120
    MORNINGSTAR, INC. CMN 10,226 13,187
    MYLAN INC CMN 46,250 44,824
    NATIONAL OILWELL VARCO, INC. COMMON    
    NIELSEN N.V. CMN 5,190 8,341
    NIKE CLASS-B CMN CLASS B 19,428 63,375
    NORTHERN TRUST CORP CMN 10,404 11,679
    NOVARTIS AG-ADR SPONSORED ADR CMN 1,771 2,753
    NOVO-NORDISK A/S ADR ADR CMN 1,463 2,846
    OCCIDENTAL PETROLEUM CORP CMN 17,470 13,522
    ORACLE CORPORATION CMN 13,324 15,452
    PALL CORP CMN    
    PEPSICO INC CMN 8,598 12,490
    PERRIGO CO PLC CMN    
    PFIZER INC. CMN 76,824 81,604
    PPL CORPORATION CMN 7,736 7,816
    PRADA S P A ADR CMN 3,130 1,368
    PRAXAIR, INC CMN SERIES    
    PRECISION CASTPARTS CORP. CMN    
    PRICELINE GROUP INC/THE CMN 7,781 21,674
    PROCTER & GAMBLE COMPANY (THE) CMN 40,583 45,820
    PROSIEBENSAT.1 MEDIA AG UNSPONSORED 2,875 3,658
    PRUDENTIAL FINANCIAL INC CMN 66,798 85,236
    PT BANK MANDIRI (PERSERO) ADR CMN 2,383 2,234
    PUBLICIS GROUPE S.A. SPONSORED ADR C 4,979 5,517
    QUALCOMM INC CMN    
    REED ELSEVIER GROUP PLC SPONSORED AD 4,002 7,631
    ROCHE HOLDING AG ADR B SHS(NOM CHF 1 4,926 6,420
    ROCK-TENN CO. CL. A CMN CLASS A    
    ROCKWELL COLLINS, INC. CMN 10,398 13,937
    ROYAL DUTCH SHELL PLC SPONSORED ADR 5,563 3,637
    RYANAIR HOLDINGS PLC ADR SPONSORED A 7,343 15,822
    SAP AG (SPON ADR)    
    SAP SE (SPON ADR) 4,702 5,774
    SBA COMMUNICATIONS CORP CMN 3,540 9,666
    SCHLUMBERGER LTD CMN    
    SCHNEIDER ELECTRIC SA UNSPONSORED AD 6,745 5,104
    SEAGATE TECHNOLOGY PLC CMN 9,490 7,625
    SHIRE LIMITED SPONSORED ADR CMN    
    SKY PLC SPONSORED ADR CMN 8,449 9,637
    SMITH & NEPHEW PLC ADR CMN 4,017 4,877
    SOLARCITY CORPORATION CMN    
    SS&C TECHNOLOGIES HLDGS INC CMN 14,351 17,136
    STARBUCKS CORP. CMN 32,714 40,280
    SUNCOR ENERGY INC. CMN 5,346 4,154
    SWATCH GROUP SA (THE) ADR CMN 3,066 2,432
    SYNCHRONY FINANCIAL CMN 11,380 11,130
    SYNGENTA AG SPONSORED ADR CMN 4,343 4,803
    TAIWAN SEMICONDUCTOR MFG ADS LTD ADS 4,396 5,551
    TESLA MOTORS, INC. CMN 53,465 57,602
    TEVA PHARMACEUTICAL IND LTD ADS 6,797 9,649
    TEXAS INSTRUMENTS INC. CMN 7,746 12,277
    THE GOLDMAN SACHS GROUP, INC. LINKED 300,000 299,230
    THE HOME DEPOT, INC. CMN 10,080 15,473
    TIME WARNER INC. CMN 6,410 11,317
    TJX COMPANIES INC (NEW) CMN 5,113 14,466
    TOYOTA MOTOR CORPORATION SPON ADR 3,746 3,814
    UBS AG CMN 4,850 4,901
    UNILEVER N.V. NY SHS (NEW) ADR CMN 2,827 3,552
    UNITED OVERSEAS BK LTD SPONSORED ADR 4,956 3,815
    UNITED TECHNOLOGIES CORP CMN    
    UNITEDHEALTH GROUP INCORPORATE CMN    
    UNITEDHEALTH GROUP INCORPORATE CMN 7,889 20,587
    VECTREN CORP CMN 6,984 9,290
    VERISK ANALYTICS INC. CMN CLASS A 10,926 25,217
    VERIZON COMMUNICATIONS INC. CMN 64,804 61,149
    VIACOM INC CMN CLASS B 57,331 39,184
    VISA INC. CMN CLASS A 7,337 22,334
    VISTEON CORPORATION CMN 8,610 15,114
    VOYA FINANCIAL INC CMN 11,641 9,191
    WAL MART STORES INC CMN 68,896 60,810
    WALGREENS BOOTS ALLIANCE, INC. CMN 54,155 53,137
    WH GROUP LIMITED ADR CMN 6,731 5,487
    WHOLE FOODS MARKET INC CMN 100,286 76,380
    WILLIS TOWERS WATSON PUBLIC LI CMN C 17,747 18,241
    WISCONSIN ENERGY CORP(HLDG CO) CMN    
    WPP PLC ADR CMN 5,257 7,229
    WYNN RESORTS, LIMITED CMN    
    WESTERN UNION    
    YAHOO JAPAN CORPORATION UNSPONSORED 4,784 5,511
    ROUNDING   1

    TY 2015 OtherAssetsSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PAYROLL TAXES OVERPAYMENT 1,292    


    TY 2015 OtherExpensesSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    DUES        
    FEES - INVESCO 380 380    
    FEES - BARON 13 13    
    INVESTMENT FEES - BARON 10,560 10,573    
    INVESTMENT FEES - EPOCH 10,188 10,188    
    INVESTMENT FEES - GS CORP 4,089 4,089    
    INVESTMENT FEES - GS US PCP 23,274 23,276    
    INVESTMENT FEES - INVESCO 5,255 5,255    
    INVESTMENT FEES - LSV 7,933 7,933    
    MISC EXP 80 80    
    MISC FEES - INVESCO 24 24    
    PAYROLL PROCESSING FEES 79      
    CUSTODY FEE 2,500 2,500    


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAXES PAYABLE 2,375 2,329


    TY 2015 TaxesSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 11,708      
    FOREIGN TAX - BARON 23 23    
    STATE REGISTRATION FEES 30      
    FOREIGN TAX - BROKERAGE 122 122    
    FOREIGN TAX - RECLAIMABLE - EPOC 138 138    
    FOREIGN TAXES PAID-RECLAIM-BARN 140 140    
    FOREIGN TAXES PAID-RECLAIMABLE - 300 300    
    FOREIGN TAXES PAID-INVESCO 545 545