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 PALMER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1201 CONNECTICUT AVE NW SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20036
A Employer identification number

36-3700897
B Telephone number (see instructions)

(202) 595-1020
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$16,440,836J 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) 218,371
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 377,790 370,971  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 932,987
b Gross sales price for all assets on line 6a 8,151,950
7 Capital gain net income (from Part IV, line 2)... 932,987
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 36,109 0  
12 Total. Add lines 1 through 11........ 1,565,257 1,303,958  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 18,250 0   18,250
c Other professional fees (attach schedule).... Click to see attachment 161,403 55,236   106,167
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 14,361 4,996   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 32,099 0   32,099
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,773 0   7,080
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 233,886 60,232   163,596
25 Contributions, gifts, grants paid....... 694,000 694,000
26 Total expenses and disbursements. Add lines 24 and 25 927,886 60,232   857,596
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 637,371
b Net investment income (if negative, enter -0-) 1,243,726
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......... 299,696 199,094 199,094
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)....... 8,884,737 Click to see attachment9,125,532 10,565,694
c Investments—corporate bonds (attach schedule)....... 4,775,871 Click to see attachment4,814,240 4,646,189
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 704,752 Click to see attachment1,157,954 1,029,859
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,665,056 15,296,820 16,440,836
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 14,665,056 15,296,820
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 14,665,056 15,296,820
31 Total liabilities and net assets/fund balances (see instructions). 14,665,056 15,296,820
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
14,665,056
2
Enter amount from Part I, line 27a .....................
2
637,371
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
15,302,427
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
5,607
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
15,296,820
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 AETNA INC P 2014-10-16 2015-05-15
b AMGEN INC P 2015-04-16 2015-05-15
c ARCHER DANIELS MIDLAND CO P 2015-01-01 2015-05-15
d ARCHER DANIELS MIDLAND CO P 2014-11-25 2015-11-19
e CAMERON INTERNATIONAL CORP P 2015-06-18 2015-09-17
CAPITAL ONE FINANCIAL CORP P 2014-08-21 2015-05-15
CATERPILLAR INC P 2014-07-22 2015-01-02
CHIPOTLE MEXICAN GRILL INC P 2014-03-24 2015-02-23
CINTAS CORP P 2015-02-23 2015-05-15
CINTAS CORP P 2015-01-01 2015-07-16
CISCO SYSTEMS INC P 2015-02-23 2015-05-15
CITRIX SYSTEMS INC P 2015-02-23 2015-05-15
COLUMBIA ACORN FUND P 2015-01-01 2015-05-15
CVS CORP P 2014-11-25 2015-05-15
EBAY INC P 2015-06-18 2015-12-17
EDWARDS LIFESCIENCES CORP P 2014-08-21 2015-05-15
EDWARDS LIFESCIENCES CORP P 2014-08-21 2015-05-21
EOG RES INC P 2014-06-20 2015-06-18
EVEREST RE GROUP LTD P 2014-11-25 2015-05-15
EXELON CORP P 2014-03-24 2015-02-23
EXELON CORP P 2014-03-24 2015-03-20
F5 NETWORKS INC P 2015-03-20 2015-05-15
FEDEX CORP P 2015-01-16 2015-05-15
FEDEX CORP P 2015-01-01 2015-08-20
FIFTH THIRD BANCORP P 2015-03-20 2015-09-17
FOOT LOCKER INC P 2014-08-21 2015-05-15
GENERAL DYNAMICS CORP P 2015-01-02 2015-05-15
GILEAD SCIENCES INC P 2014-11-25 2015-05-15
HCA HOLDINGS INC P 2014-11-25 2015-05-15
HOME DEPOT INC P 2014-10-16 2015-05-15
JOHNSON & JOHNSON P 2015-01-01 2015-05-15
LAM RESEARCH CORP P 2015-02-23 2015-05-15
LYONDELLBASELL INDUSTRIES P 2014-08-21 2015-05-15
MARATHON PETROLEUM CORP P 2015-03-20 2015-05-15
MEDTRONIC INC P 2015-01-01 2015-01-27
MEDTRONIC PLC P 2015-04-16 2015-05-15
MEDTRONIC PLC P 2015-01-01 2015-07-16
MERCK & CO INC P 2014-05-15 2015-01-16
MICROSOFT CORP P 2014-09-19 2015-05-15
MYLAN NV P 2015-03-02 2015-03-20
PG&E CORP P 2015-01-16 2015-05-15
PAYPAL HOLDINGS INC P 2015-06-18 2015-08-20
SCHLUMBERGER LTD P 2015-06-18 2015-12-17
SHERWIN WILLIAMS COMPANY P 2015-01-16 2015-05-15
SHERWIN WILLIAMS COMPANY P 2015-01-16 2015-10-15
SKYWORKS SOLUTIONS INC P 2014-07-22 2015-04-16
SOUTHWEST AIRLINES COMPANY P 2014-05-15 2015-02-23
TRAVELERS COMPANIES INC P 2014-05-15 2015-05-15
UGI CORP P 2014-10-16 2015-05-15
UGI CORP P 2014-10-16 2015-05-21
UNITEDHEALTH GROUP INC P 2015-04-16 2015-05-15
VANGUARD FIXED INCOME SECS FD P 2015-01-15 2015-05-15
VERIZON COMMUNICATIONS P 2014-10-16 2015-04-16
WELLS FARGO & COMPANY P 2014-06-20 2015-01-06
XEROX CORP P 2014-09-19 2015-02-23
3M COMPANY P 1993-04-11 2015-01-06
AES CORP P 2012-02-22 2015-01-16
AES CORP P 2014-01-01 2015-05-15
AES CORP P 2014-01-01 2015-11-19
AETNA INC P 2014-10-16 2015-12-17
AMDOCS LIMITED P 2014-02-21 2015-05-15
AMERIPRISE FINANCIAL INC P 2011-04-21 2015-05-15
APPLE COMPUTER INC P 2014-01-30 2015-05-15
ARCHER DANIELS MIDLAND CO P 2014-09-19 2015-11-19
BED BATH & BEYOND INC P 2014-01-03 2015-05-15
BOTTLING GROUP LLC P 2012-05-09 2015-06-15
COCA COLA ENTERPRISES INC P 2009-11-10 2015-01-02
COCA COLA ENTERPRISES INC P 2012-12-21 2015-01-02
COLUMBIA ACORN FUND P 2014-01-01 2015-05-15
COLUMBIA ACORN FUND P 2014-01-01 2015-05-15
COMCAST CORP P 2012-01-25 2015-05-15
DELPHI AUTHOMOTIVE PLC P 2012-12-21 2015-05-15
DELPHI AUTHOMOTIVE PLC P 2014-01-01 2015-05-21
DELPHI AUTHOMOTIVE PLC P 2012-11-19 2015-10-15
DISCOVER FINL SVCS P 2014-01-01 2015-05-15
DR PEPPER SNAPPLE GROUP INC P 2014-02-21 2015-05-15
EXXON MOBIL CORP P 1998-04-14 2015-01-06
EXXON MOBIL CORP P 2011-03-22 2015-01-06
EXXON MOBIL CORP P 1998-04-14 2015-05-15
EXXON MOBIL CORP P 2014-01-01 2015-08-20
FIFTH THIRD BANCORP P 2014-03-24 2015-05-15
FIFTH THIRD BANCORP P 2014-03-24 2015-09-17
HALLIBURTON COMPANY P 2013-11-04 2015-05-15
HALLIBURTON COMPANY P 2014-01-01 2015-06-18
HARTFORD FLOATING RATE FUND P 2013-11-06 2015-01-06
HARTFORD FLOATING RATE FUND P 2013-11-06 2015-05-15
HEWLETT PACKARD COMPANY P 2014-01-30 2015-09-17
ISHARES MSCI EMERGING MKT ETF P 2013-11-04 2015-08-28
KROGER COMPANY P 2011-07-26 2015-02-23
KROGER COMPANY P 2011-07-26 2015-05-15
MACY'S INC P 2010-12-10 2015-05-15
MACY'S INC P 2010-12-10 2015-12-17
MAGNA INTERNATIONAL INC P 2013-07-19 2015-05-15
MAGNA INTERNATIONAL INC P 2013-07-19 2015-08-20
MYLAN LABORATORIES INC P 2013-01-18 2015-03-02
NETAPP INC P 2015-04-16 2013-11-04
NORTHROP GRUMMAN CORP P 2006-04-17 2015-01-16
NORTHROP GRUMMAN CORP P 2013-07-19 2015-01-16
NORTHROP GRUMMAN CORP P 2006-04-17 2015-05-15
NORTHROP GRUMMAN CORP P 2014-01-01 2015-05-21
NORTHROP GRUMMAN CORP P 2014-01-01 2015-07-16
NORTHROP GRUMMAN CORP P 2014-01-01 2015-11-19
O'REILLY AUTOMOTIVE INC P 2013-11-04 2015-04-16
ORACLE CORP P 2006-04-17 2015-05-15
ORACLE CORP P 2006-04-17 2015-10-15
PIMCO COMMODITY RR STRAT P 2014-01-01 2015-05-15
PIMCO COMMODITY RR STRAT P 2014-01-01 2015-05-15
PROCTER & GAMBLE CO P 2011-01-20 2015-02-15
SOUTHWEST AIRLINES COMPANY P 2013-12-02 2015-02-23
SOUTHWEST AIRLINES COMPANY P 2013-12-02 2015-05-15
TEVA PHAR II/III 3% P 2012-03-28 2015-06-15
TOTAL CAPITAL 3.125% P 2014-01-01 2015-10-02
TYSON FOODS INC P 2013-02-26 2015-01-16
UNION PACIFIC CORP P 2014-01-01 2015-02-23
UNION PACIFIC CORP P 2013-02-26 2015-05-15
UNION PACIFIC CORP P 2014-01-01 2015-05-21
UNION PACIFIC CORP P 2012-12-21 2015-06-18
UNUMPROVIDENT CORP P 2013-03-25 2015-01-02
VANGUARD FTSE EMERGING MARKETS ETF P 2012-04-27 2015-08-28
VIACOM INC P 2013-05-08 2015-09-15
WELLS FARGO & COMPANY P 2010-06-24 2015-01-06
WELLS FARGO & COMPANY P 2013-07-19 2015-01-06
WELLS FARGO & COMPANY P 2014-01-01 2015-03-20
WELLS FARGO & COMPANY P 2009-06-04 2015-05-15
CAPITAL GAINS DIVIDENDS 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 18,453   12,284 6,169
b 18,720   19,161 -441
c 34,478   34,523 -45
d 2,287   3,290 -1,003
e 87,375   70,738 16,637
17,181   16,758 423
66,767   80,208 -13,441
126,350   114,496 11,854
18,781   18,118 663
121,306   111,022 10,284
25,484   25,553 -69
9,526   9,219 307
60,256   56,688 3,568
18,292   16,251 2,041
28,251   24,479 3,772
4,584   3,460 1,124
78,301   59,223 19,078
134,145   177,200 -43,055
13,735   13,075 660
47,265   46,116 1,149
72,477   71,267 1,210
26,688   24,151 2,537
33,196   33,171 25
122,165   131,352 -9,187
36,998   36,700 298
9,870   8,445 1,425
22,461   22,121 340
52,521   47,638 4,883
7,120   6,252 868
11,265   8,933 2,332
41,808   42,537 -729
15,379   16,217 -838
49,168   53,466 -4,298
34,599   34,021 578
135,808   104,169 31,639
16,013   16,182 -169
174,057   170,281 3,776
106,138   95,057 11,081
28,185   27,644 541
203,848   185,406 18,442
4,935   5,508 -573
36,009   36,065 -56
48,133   61,624 -13,491
13,118   12,291 827
95,934   110,615 -14,681
68,811   39,138 29,673
7,251   4,050 3,201
14,878   13,377 1,501
12,925   12,144 781
68,820   64,157 4,663
13,055   13,346 -291
250,000   250,000 0
77,875   75,395 2,480
44,310   44,797 -487
60,338   61,680 -1,342
158,677   167,515 -8,838
54,887   56,620 -1,733
13,319   12,594 725
68,749   80,649 -11,900
113,444   77,649 35,795
22,992   18,672 4,320
26,110   13,017 13,093
54,688   30,509 24,179
124,337   174,735 -50,398
9,386   10,869 -1,483
200,000   219,450 -19,450
116,363   53,333 63,030
72,268   52,365 19,903
299,253   246,552 52,701
39,881   37,895 1,986
14,380   6,589 7,791
25,920   10,752 15,168
155,324   61,243 94,081
69,872   28,689 41,183
27,360   15,407 11,953
8,501   5,696 2,805
71,061   26,839 44,222
16,069   14,882 1,187
26,208   10,115 16,093
37,284   35,774 1,510
48,009   55,785 -7,776
64,245   77,085 -12,840
10,456   12,159 -1,703
134,033   156,119 -22,086
150,000   156,693 -6,693
50,000   51,185 -1,185
68,166   72,280 -4,114
235,336   299,039 -63,703
39,336   13,536 25,800
14,916   5,138 9,778
13,484   5,355 8,129
51,953   37,867 14,086
7,756   5,195 2,561
58,976   42,522 16,454
185,406   90,028 95,378
82,202   87,630 -5,428
41,376   16,800 24,576
8,062   4,673 3,389
18,102   7,103 10,999
44,220   16,709 27,511
62,807   21,550 41,257
126,426   37,015 89,411
136,575   78,924 57,651
21,817   6,791 15,026
54,710   20,100 34,610
133,069   214,268 -81,199
103,798   149,350 -45,552
200,000   210,351 -10,351
86,391   36,509 49,882
6,080   2,726 3,354
150,000   158,461 -8,461
100,000   104,575 -4,575
100,104   54,721 45,383
46,905   25,516 21,389
6,203   4,021 2,182
57,958   35,430 22,528
58,342   35,719 22,623
47,251   37,551 9,700
67,216   83,254 -16,038
200,000   215,470 -15,470
60,939   31,119 29,820
66,464   56,788 9,676
93,925   42,328 51,597
53,680   24,056 29,624
11,230     11,230
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       6,169
b       -441
c       -45
d       -1,003
e       16,637
      423
      -13,441
      11,854
      663
      10,284
      -69
      307
      3,568
      2,041
      3,772
      1,124
      19,078
      -43,055
      660
      1,149
      1,210
      2,537
      25
      -9,187
      298
      1,425
      340
      4,883
      868
      2,332
      -729
      -838
      -4,298
      578
      31,639
      -169
      3,776
      11,081
      541
      18,442
      -573
      -56
      -13,491
      827
      -14,681
      29,673
      3,201
      1,501
      781
      4,663
      -291
      0
      2,480
      -487
      -1,342
      -8,838
      -1,733
      725
      -11,900
      35,795
      4,320
      13,093
      24,179
      -50,398
      -1,483
      -19,450
      63,030
      19,903
      52,701
      1,986
      7,791
      15,168
      94,081
      41,183
      11,953
      2,805
      44,222
      1,187
      16,093
      1,510
      -7,776
      -12,840
      -1,703
      -22,086
      -6,693
      -1,185
      -4,114
      -63,703
      25,800
      9,778
      8,129
      14,086
      2,561
      16,454
      95,378
      -5,428
      24,576
      3,389
      10,999
      27,511
      41,257
      89,411
      57,651
      15,026
      34,610
      -81,199
      -45,552
      -10,351
      49,882
      3,354
      -8,461
      -4,575
      45,383
      21,389
      2,182
      22,528
      22,623
      9,700
      -16,038
      -15,470
      29,820
      9,676
      51,597
      29,624
      11,230
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 2 932,987
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 814,887 16,661,688 0.048908
2013 725,594 15,296,079 0.047437
2012 652,906 13,848,565 0.047146
2011 656,191 13,005,250 0.050456
2010 571,917 12,448,205 0.045944
2
Total of line 1, column (d) .....................
20.239891
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
0.047978
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
16,684,401
5
Multiply line 4 by line 3......................
5
800,484
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
12,437
7
Add lines 5 and 6........................
7
812,921
8
Enter qualifying distributions from Part XII, line 4.............
8
857,596
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 12,437
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 12,437
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 12,437
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 16,000
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 16,000
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 3,563
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,563 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)
    bulletIL
    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 addressbulletTHEPALMERFOUNDATION.ORG
    14
    The books are in care ofbulletARABELLA ADVISORS Telephone no.bullet (202) 595-1020

    Located atbullet1201 CONNECTICUT AVE NW 300WASHINGTONDC ZIP+4bullet20036
    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
    MARY P ENROTH CHAIRMAN
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    GRANT LISCHICK DIRECTOR
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    JAY L OWEN SECRETARY
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    KAREN E LISCHICK PRESIDENT
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    SUSAN L ENROTH VICE PRESIDENT
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    CARL ENROTH DIRECTOR
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    PETER LISCHICK TREASURER
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    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
    ARABELLA ADVISORS CONSULTING SERVICES 106,167
    1201 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20036
    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
    16,607,584
    b
    Average of monthly cash balances.......................
    1b
    330,894
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,938,478
    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
    16,938,478
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    254,077
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    16,684,401
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    834,220
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    834,220
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    12,437
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,437
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    821,783
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    36,109
    5
    Add lines 3 and 4............................
    5
    857,892
    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
    857,892
    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
    857,596
    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
    857,596
    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
    12,437
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    845,159
    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 7 857,892
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 5,435
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 857,596
    a Applied to 2014, but not more than line 2a 5,435
    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..... 852,161
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		5,731
    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) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    MARY P ENROTH
    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
    AFRICAN LIBRARY PROJECT
    5 THISTLE STREET
    PORTOLA VALLEY,CA94028     		NONE PUBLIC GENERAL 1,500
    ALDEA
    1732 1ST AVENUE 26867
    NEW YORK,NY26867     		NONE PUBLIC GENERAL 27,500
    ALL HANDS VOLUNTEERS
    6 COUNTRY ROAD SUITE 6
    MATTAPOISETT,MA02739     		NONE PUBLIC GENERAL 15,000
    ALLIANCE FOR THE GREAT LAKES
    150 NORTH MICHIGAN AVENUE SUITE 700
    CHICAGO,IL60601     		NONE PUBLIC GENERAL 50,000
    ASANTE MARIAMU FOUNDATION
    3525 SOUTH 8TH STREET
    ARLINGTON,VA22204     		NONE PUBLIC GENERAL 20,000
    ASSOCIATION TO BENEFIT CHILDREN
    419 EAST 86TH STREET
    NEW YORK,NY10028     		NONE PUBLIC GENERAL 11,000
    BIRCH CREEK MUSIC PERFORMANCE CENTER
    3821 COUNTY HIGHWAY E
    EGG HARBOR,WI54209     		NONE PUBLIC GENERAL 22,000
    BOULDER CREST RETREAT FOR VETERANS
    18370 BLUEMONT VILLAGE LANE
    BLUEMONT,VA20135     		NONE PUBLIC GENERAL 8,000
    BOYS & GIRLS CLUB OF PALM BEACH
    800 NORTHPOINT PARKWAY
    WEST PALM BEACH,FL33407     		NONE PUBLIC GENERAL 5,000
    DOOR COUNTY COMMUNITY FOUNDATION
    PO BOX 802
    STURGEON BAY,WI54235     		NONE PUBLIC GENERAL 1,000
    FOTOKIDS
    PO BOX 661447
    MIAMI,FL33266     		NONE PUBLIC GENERAL 3,000
    GEORGETOWN UNIVERSITY
    3300 WHITEHAVEN ST NW STE 4000
    WASHINGTON,DC20057     		NONE PUBLIC GENERAL 11,000
    HABITAT FOR HUMANITY INTERNATIONAL
    270 PEACHTREE STREET NW
    ATLANTA,GA30303     		NONE PUBLIC GENERAL 50,000
    KEMPER CENTER INC
    6501 3RD AVENUE
    KENOSHA,WI53143     		NONE PUBLIC GENERAL 16,000
    LAKE FOREST SYMPHONY INC
    900 NORTH SHORE DRIVE SUITE 109A
    LAKE BLUFF,IL60044     		NONE PUBLIC GENERAL 31,000
    LEADERSHIP ARLINGTON
    2009 14TH STREET NORTH SUITE 111
    ARLINGTON,VA22201     		NONE PUBLIC GENERAL 22,800
    LOST BOYS REBUILDING SOUTH SUDAN
    240 WEST RIVER DRIVE
    ST CHARLES,IL60174     		NONE PUBLIC GENERAL 4,000
    PARTNER FOR SURGERY INC
    6804 MELROSE DRIVE
    MCLEAN,VA22101     		NONE PUBLIC GENERAL 30,000
    SALISBURY SCHOOL HORIZONS
    6279 HOBBS ROAD
    SALISBURY,MD21804     		NONE PUBLIC GENERAL 50,000
    SANDHILLS COMMUNITY COLLEGE FOUNDATION INC
    3395 AIRPORT ROAD
    PINEHURST,NC28374     		NONE PUBLIC GENERAL 150,000
    SAVE THE CHILDREN FEDERATION INC
    501 KINGS HIGHWAY E SUITE 400
    FAIRFIELD,CT06903     		NONE PUBLIC GENERAL 10,000
    SIDEWALK
    1139 5TH AVENUE SE
    OLYMPIA,WA98501     		NONE PUBLIC GENERAL 25,000
    SPECIAL OPERATIONS WARRIOR FOUNDATION
    1137 MARBELLA PLAZA DRIVE
    TAMPA,FL33619     		NONE PUBLIC GENERAL 8,000
    THE CHILD AND FAMILY FOUNDATION
    104C WILLIAMSPORT CIRCLE
    SALISBURY,MD21804     		NONE PUBLIC GENERAL 4,000
    THE CROHN'S & COLITIS FOUNDATION
    386 PARK AVENUE SOUTH
    NEW YORK,NY10016     		NONE PUBLIC GENERAL 8,000
    THE MIRACLE FOUNDATION
    1506 WEST 6TH STREET
    AUSTIN,TX78703     		NONE PUBLIC GENERAL 56,200
    THE NEO FUND
    13407 117TH AVENUE CT E
    PUYALLUP,WA98374     		NONE PUBLIC GENERAL 4,000
    URBAN ECOLOGY CENTER
    1500 EAST PARK PLACE
    MILWAUKEE,WI53211     		NONE PUBLIC GENERAL 50,000
    Total .................................bullet 3a 694,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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....     14 377,790  
    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 ............     		    18 932,987  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aPRIOR YEAR GRANT RECOVERY     		    14 36,109  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,346,886 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,346,886
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    THE PALMER FOUNDATION
     
    Employer identification number

    36-3700897
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    THE PALMER FOUNDATION
          		Employer identification number
    36-3700897
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    MARY P ENROTH  
    1201 CONNECTICUT AVE NW 300
     
    WASHINGTON, DC20036

    		$ 217,471


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    KAREN AND WALTER LISCHICK  
    1201 CONNECTICUT AVE NW 300
     
    WASHINGTON, DC20036

    		$ 500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    SUSAN L ENROTH  
    1201 CONNECTICUT AVE NW 300
     
    WASHINGTON, DC20036

    		$ 400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    THE PALMER FOUNDATION
          		Employer identification number

    36-3700897
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 2,200 SHS OF EXPRESS SCRIPTS HLDG $ 194,348 2015-12-29
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 291 SHS OF EXXON MOBIL CORPORATION $ 23,123 2015-12-29
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    THE PALMER FOUNDATION
          		Employer identification number

    36-3700897
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION & AUDIT FEES 18,250 0   18,250

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Name of Bond End of Year Book Value End of Year Fair Market Value
    250000 AFLAC INC 2.65 2/15/17 263,505 253,293
    150000 ASSURANT INC 2.5 3/15/18 151,407 149,753
    100000 AT&T INC 2.375 11/27/18 101,676 100,681
    300000 BOEING CAPITAL CORP 2.9 8/15/18 321,795 309,396
    100000 BOSTON PROPERTIES LP 5.875 10/15/19 112,647 111,004
    200000 BOTTLING GROUP LLC 4.125 6/15/15 0 0
    100000 CATERPILLAR FINANCIAL 2.65 4/1/16 105,375 100,469
    200000 CISCO SYSTEMS INC 4.95 2/15/19 219,445 218,560
    100000 DIRECTV HOLDINGS LLC 5.2 03/15/20 109,015 108,301
    100000 DOVER CORP 5.45 3/15/18 109,295 107,773
    150000 DUPONT EI NEMOUR 5.75 3/15/19 168,887 164,690
    250000 GENERAL ELEC CAP CORP 2.9 1/9/17 264,945 254,165
    100000 GOLDMAN SACHS GROUP INC 2.6 4/23/20 100,127 99,241
    150000 HERSHEY COMPANY 4.125 12/01/20 162,716 161,715
    250000 JOHN DEERE CAP CORP 2.8 9/18/17 267,625 255,535
    300000 JPMORGAN CHASE & CO 3.15 7/5/16 318,776 303,102
    100000 MCDONALD'S CORP 3.5 7/15/20 106,250 103,153
    100000 OCCIDENTAL PETRO CORP 2.5 2/1/16 105,600 100,084
    200000 PROCTER & GAMBLE CO 3.5 2/15/15 0 0
    200000 TOYOTA MOTOR CR CORP 2.8 1/11/16 211,706 200,058
    200000 VIACOM INC 4.25 9/15/15 0 0
    200000 VIRGINIA ELEC & POWER 5.0 6/30/19 219,223 217,652
    200000 WAL-MART STORES INC 3.625 7/8/20 212,816 213,992
    100000 WELLS FARGO & CO 3.676 6/15/16 106,692 101,250
    100000 BP CAPITAL MARKETS 3.2 3/11/16 107,041 100,484
    100000 POTASH CORP 3.25 12/1/17 103,864 102,172
    100000 RIO TINTO FIN 2.25 12/14/18 101,173 97,506
    150000 TEVA PHARMA FIN 3.00 6/15/15 0 0
    100000 TOTAL CAPITAL SA 3.125 10/2/15 0 0
    54580.998 HARTFORD FLOATING RATE FUND 491,778 443,198
    26577.255 STONE RIDGE REINSURANCE RISK FD 270,861 268,962

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Name of Stock End of Year Book Value End of Year Fair Market Value
    12292 AES CORP 0 0
    1208 AETNA INC 0 0
    180 ALPHABET INC 124,733 136,598
    3703 AMDOCS LTD ORD 163,784 202,073
    1103 AMERICAN ELEC PWR INC 56,035 64,272
    920 AMERICAN INTERNATIONAL GROUP 57,244 57,012
    1674 AMERIPRISE FINANCIAL INC 113,675 178,147
    1395 AMGEN INC 226,602 226,450
    3823 APPLE INC 86,991 402,409
    4083 ARCHER DANIELS MIDLAND CO 0 0
    2780 AVERY DENNISON CORP 171,098 174,195
    1304 BED BATH & BEYOND INC 104,984 62,918
    1195 BOEING CO 177,195 172,785
    1255 CAMERON INTERNATIONAL CORP 67,511 79,316
    1348 CAPITAL ONE FINANCIAL CORP 109,043 97,299
    735 CARTERS INC 72,039 65,437
    728 CATERPILLAR INC 0 0
    745 CHEVRON CORPORATION 59,645 67,020
    188 CHIPOTLE MEXICAN GRILL INC 0 0
    4907 CISCO SYSTEMS INC 99,957 133,250
    870 CITRIX SYS INC 55,314 65,815
    4312 COCA COLA ENTERPRISES INC 0 0
    4169 COMCAST CORP - CL A 129,818 235,257
    1973 CVS HEALTH CORP 125,151 192,900
    2969 DISCOVER FINL SVCS 92,285 159,198
    1284 DR PEPPER SNAPPLE GROUP INC 66,492 119,669
    634 EDWARDS LIFESCIENCES CORP 0 0
    1005 ELECTRONIC ARTS INC 62,986 69,064
    1498 EOG RES INC 0 0
    1065 EVEREST RE GROUP LIMITED 155,303 194,991
    3475 EXELON CORP 107,047 96,501
    650 EXPEDIA INC 71,707 80,795
    2200 EXPRESS SCRIPTS HLDG 194,348 192,302
    1109 EXXON MOBIL CORP 100,105 86,447
    3228 FIFTH THIRD BANCORP 62,948 64,883
    1023 FOOT LOCKER INC 53,992 66,587
    620 F5 NETWORKS INC 71,302 60,115
    790 GENERAL DYNAMICS CORP 109,223 108,514
    2280 GILEAD SCIENCES INC 231,740 230,713
    3180 HALLIBURTON CO 0 0
    2077 HCA HOLDINGS INC 168,537 140,467
    2458 HEWLETT PACKARD CO 0 0
    751 HOME DEPOT INC 67,090 99,320
    847 HUNTINGTON INGALLS INDUSTRIES 74,863 107,442
    4300 INTEL CORP 146,881 148,135
    3224 JOHNSON & JOHNSON 308,742 331,169
    1820 JUNIPER NETWORKS INC 54,974 50,232
    1115 KOHLS CORP 85,218 53,107
    4790 KROGER CO 54,327 200,366
    945 LAM RESEARCH CORP 78,588 75,052
    1485 LEAR CORP 171,556 182,403
    790 LOWES COS INC 59,424 60,072
    1937 MACY'S INC 49,393 67,756
    643 MAGNA INTERNATIONAL INC 0 0
    3256 MARATHON PETROLEUM CORP 106,600 168,791
    1808 MEDTRONIC INC 0 0
    1699 MERCK & CO INC 0 0
    1973 MICROSOFT CORP 67,706 109,462
    3213 MYLAN INC 0 0
    2262 NETAPP INC 0 0
    1759 NORTHROP GRUMMAN CORP 0 0
    1480 OCEANEERING INTL INC 56,049 55,530
    635 O'REILLY AUTOMOTIVE INC 0 0
    3512 ORACLE CORP 48,185 128,293
    715 PEPSICO INC 71,968 71,443
    985 PG&E CORP 57,109 52,392
    755 SCHLUMBERGER LTD 67,429 52,661
    1275 SEALED AIR CORP 57,410 56,865
    721 SKYWORKS SOLUTIONS INC 0 0
    3630 SNAP ON INC 132,386 622,291
    3168 SOUTHWEST AIRLINES CO 59,558 136,414
    2031 TRAVELERS COMPANIES INC 125,446 229,219
    2493 TYSON FOODS INC 0 0
    2199 UGI CORP 0 0
    1559 UNION PAC CORP 0 0
    1320 UNITEDHEALTH GROUP INC 150,325 155,285
    1365 UNUMPROVIDENT CORP 0 0
    5350 VERIZON COMMUNICATIONS 245,718 247,277
    778 WAL MART STORES INC 38,011 47,691
    4168 WELLS FARGO & CO 228,010 226,572
    4391 XEROX CORP 0 0
    1000 3M CO 0 0
    20955.054 ABERDEEN EMERGING MARKETS FUND 312,192 238,049
    2952 DELPHI AUTOMOTIVE PLC 0 0
    10565 ISHARES MSCI EAFE ETF 582,328 620,377
    7000 ISHARES MSCI EMERGING MKT 0 0
    67562.225 JOHCM GLOBAL EQUITY FUND 980,698 847,906
    1606 LYONDELLBASELL INDUSTRIES NV 155,609 139,561
    12186.169 OAKMARK INTERNATIONAL FUND 316,538 260,297
    13478 VANGUARD FTSE EMERGING MARKETS 566,367 440,865

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    3225 ISHARES RUSSELL 2000 ETF AT COST 398,154 363,199
    11684.912 COLUMBIA ACORN FUND AT COST 0 0
    51944.449 PIMCO COMM REALRETURN STRATEGY AT COST 0 0
    17454.945 GATEWAY FUND AT COST 520,000 518,586
    2650 JPMORGAN ALERIAN MLP INDEX FD AT COST 119,644 76,770
    7080.821 TORTOISE MLP & PIPELINE FD AT COST 120,156 71,304

    TY 2015 OtherDecreasesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Description Amount
    TAX DIFFERENCE ADJUSTMENT 5,607


    TY 2015 OtherExpensesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES & POSTAGE 38 0   38
    DIRECTORS INSURANCE 1,628 0   1,628
    MEMBERSHIP FEES 2,875 0   2,875
    FILING AND REGISTRATION FEES 693 0   0
    SOFTWARE LICENSE FEES 2,225 0   2,225
    MISCELLANOUES EXPENSE 314 0   314


    TY 2015 OtherIncomeSchedule2
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PRIOR YEAR GRANT RECOVERY 36,109   36,109


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK INVESTMENT MANAGEMENT FEES 55,236 55,236   0
    EXECUTIVE MANAGEMENT & CONSULTING FEES 106,167 0   106,167


    TY 2015 TaxesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 9,365 0   0
    FOREIGN TAX 4,996 4,996   0