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
Lighten Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-8069108
B Telephone number (see instructions)

(800) 839-1754
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$5,142,198J 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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 66 66  
4 Dividends and interest from securities... 136,631 130,705  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 451,147
b Gross sales price for all assets on line 6a 2,789,461
7 Capital gain net income (from Part IV, line 2)... 451,147
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 205 205  
12 Total. Add lines 1 through 11........ 588,049 582,123  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 44,321 44,321    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,473 317    
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 15,340 315   15,025
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 69,134 44,953   15,025
25 Contributions, gifts, grants paid....... 472,650 472,650
26 Total expenses and disbursements. Add lines 24 and 25 541,784 44,953   487,675
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 46,265
b Net investment income (if negative, enter -0-) 537,170
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......... 185,554 130,615 130,615
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)....... 3,492,575 Click to see attachment3,534,510 3,831,580
c Investments—corporate bonds (attach schedule)....... 538,116 Click to see attachment595,293 559,796
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 503,169 Click to see attachment505,261 620,207
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) 4,719,414 4,765,679 5,142,198
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 4,719,414 4,765,679
30 Total net assets or fund balances (see instructions)..... 4,719,414 4,765,679
31 Total liabilities and net assets/fund balances (see instructions). 4,719,414 4,765,679
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
4,719,414
2
Enter amount from Part I, line 27a .....................
2
46,265
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,765,679
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
4,765,679
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 Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,789,461   2,338,314 451,147
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       451,147
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 451,147
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 409,569 5,866,538 0.069814
2013 387,588 5,669,719 0.068361
2012 410,963 5,336,524 0.077009
2011 312,414 5,428,906 0.057546
2010 374,374 5,221,067 0.071705
2
Total of line 1, column (d) .....................
20.344435
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
0.068887
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
5,557,709
5
Multiply line 4 by line 3......................
5
382,854
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,372
7
Add lines 5 and 6........................
7
388,226
8
Enter qualifying distributions from Part XII, line 4.............
8
487,675
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 5,372
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 5,372
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 5,372
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 7,200
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 7,200
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 1,828
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,828 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)
    bulletDE
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........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). Click to see attachment
    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
    Adrienne J Lighten VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Alexis N Lighten VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Christopher W Lighten VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Janifer Lynn Lighten VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    William E Lighten Pres / Dir / Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,722,690
    b
    Average of monthly cash balances.......................
    1b
    305,298
    c
    Fair market value of all other assets (see instructions)................
    1c
    614,356
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,642,344
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,642,344
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    84,635
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,557,709
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    277,885
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    277,885
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    5,372
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,372
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    272,513
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    272,513
    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
    272,513
    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
    487,675
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    487,675
    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
    5,372
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    482,303
    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 7 272,513
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 119,359
    b From 2011...... 47,249
    c From 2012...... 146,861
    d From 2013...... 112,108
    e From 2014...... 128,354
    fTotal of lines 3a through e........ 553,931
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 487,675
    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..... 272,513
    e Remaining amount distributed out of corpus 215,162
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 769,093
    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) ...     		119,359
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		649,734
    10 Analysis of line 9:
    a Excess from 2011.... 47,249
    b Excess from 2012.... 146,861
    c Excess from 2013.... 112,108
    d Excess from 2014.... 128,354
    e Excess from 2015.... 215,162
    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).)
    Janifer Lynn Lighten
    William E Lighten
    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
    BETA ZETA BOULE FOUNDATION
    60 MORNINGSIDE DR
    OSSINING,NY10562     		N/A PC General & Unrestricted 1,500
    BOYS AND GIRLS CLUB OF NEW ROCHELLE INC
    79 7TH ST
    NEW ROCHELLE,NY10801     		N/A PC Janifer Lynn Lighten Leadership Award Scholarships fund 5,000
    CENTER CHAPEL MISSIONARY BAPTIST CHURCH
    3715 E SHELBY DR
    MEMPHIS,TN38118     		N/A PC General & Unrestricted 7,275
    CENTER CHAPEL MISSIONARY BAPTIST CHURCH
    3715 E SHELBY DR
    MEMPHIS,TN38118     		N/A PC Cemetery Fencing and Gate Renovation 6,200
    CENTER CHAPEL MISSIONARY BAPTIST CHURCH
    3715 E SHELBY DR
    MEMPHIS,TN38118     		N/A PC Cemetery Fencing and Gate Renovation 5,000
    CENTER CHAPEL MISSIONARY BAPTIST CHURCH
    3715 E SHELBY DR
    MEMPHIS,TN38118     		N/A PC Cemetery Fencing and Gate Renovation 6,200
    CENTER CHAPEL MISSIONARY BAPTIST CHURCH
    3715 E SHELBY DR
    MEMPHIS,TN38118     		N/A PC Cemetery Fencing and Gate Renovation 6,200
    CENTER CHAPEL MISSIONARY BAPTIST CHURCH
    3715 E SHELBY DR
    MEMPHIS,TN38118     		N/A PC Usher Day Campaign 3,000
    EDUCATION FOR A BETTER AMERICA INC
    561 7TH AVE 14TH FL
    NEW YORK,NY10018     		N/A PC General & Unrestricted 5,000
    FELLAS COLLEGE SCHOLARSHIP FUND
    99 BAYEAU RD
    NEW ROCHELLE,NY10804     		N/A PC General & Unrestricted 400
    GRACE BAPTIST CHURCH
    52 S 6TH AVE
    MT VERNON,NY10550     		N/A PC General & Unrestricted 47,500
    HARLEM SCHOOL OF THE ARTS INC
    645 ST NICHOLAS AVE
    NEW YORK,NY10030     		N/A PC General & Unrestricted 1,250
    HOOPS4LIFE INC
    232 N ELM ST
    WATERBURY,CT06702     		N/A PC General & Unrestricted 1,000
    METRO-MANHATTAN COMMUNITY FOUNDATION INC
    450 N END AVE
    NEW YORK,NY10282     		N/A PC General & Unrestricted 2,000
    MOUNT VERNON MB CHURCH
    6580 HWY 57 E POBOX 189
    ROSSVILLE,TN38066     		N/A PC General & Unrestricted 1,000
    NAACP LEGAL DEFENSE AND EDUCATIONAL FUND INC
    40 RECTOR ST 5TH FL
    NEW YORK,NY10006     		N/A PC General & Unrestricted 10,000
    NAACP LEGAL DEFENSE AND EDUCATIONAL FUND INC
    40 RECTOR ST 5TH FL
    NEW YORK,NY10006     		N/A PC police reform initiative 45,000
    NEW ROCHELLE POLICE FOUNDATION INC
    475 N AVE
    NEW ROCHELLE,NY10801     		N/A PC General & Unrestricted 3,125
    OUR MOTHERS HOME OF SOUTHWEST FLORIDA INC
    7438 CARRIER RD
    FORT MYERS,FL33967     		N/A PC General & Unrestricted 4,000
    RETT SYNDROME RESEARCH TRUST INC
    67 UNDER CLIFF RD
    TRUMBULL,CT06611     		N/A PC General & Unrestricted 500
    SECOND THANKFUL MISSIONARY BAPTIST CHURCH
    2373 CYPRESS CREEK RD
    PINELAND,SC29934     		N/A PC General & Unrestricted 500
    STONE TRUST CORPORATION
    680 WASHINGTON BLVD FL 10
    STAMFORD,CT06901     		N/A POF expenditure responsibility grant 10,000
    THE APOLLO THEATER FOUNDATION INC
    253 W 125TH ST 2ND FL
    NEW YORK,NY10027     		N/A PC General & Unrestricted 25,000
    YALE UNIVERSITY
    PO BOX 208239
    NEW HAVEN,CT06520     		N/A PC Yale President's Fund 25,000
    YALE UNIVERSITY
    PO BOX 208239
    NEW HAVEN,CT06520     		N/A PC Janifer and William Lighten New Residential College Theater 250,000
    YALE UNIVERSITY
    PO BOX 208239
    NEW HAVEN,CT06520     		N/A PC Class of 2010 Reunion Gift Campaign 1,000
    Total .................................bullet 3a 472,650
    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 66  
    4 Dividends and interest from securities....     14 136,631  
    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 ............     		    18 451,147  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aK-1 Inc/Loss     		    14 205  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   588,049  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13588,049
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2015 DepreciationSchedule
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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    TY 2015 ExpenditureResponsibilityStmt
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    STONE TRUST CORPORATION
          		680 WASHINGTON BLVD STE 10
    STAMFORD,CT06901     		2013-12-31 10,000 TO SUPPORT THE UNDERGRADUATE EDUCATION PROGRAM (INSTALLMENT 1 OF 5) 10,000 NO 11/5/2014   none necessary
    STONE TRUST CORPORATION
          		680 WASHINGTON BLVD STE 10
    STAMFORD,CT06901     		2014-11-03 10,000 TO SUPPORT THE UNDERGRADUATE EDUCATION PROGRAM (INSTALLMENT 2 OF 5)   NO 10/14/15   none necessary
    STONE TRUST CORPORATION
          		680 WASHINGTON BLVD STE 10
    STAMFORD,CT06901     		2015-12-29 10,000 TO SUPPORT THE UNDERGRADUATE EDUCATION PROGRAM (INSTALLMENT 3 OF 5)   NO Expected in 2017   none necessary

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ACMP FIN - 4.875% - 05/15/2023 5,929 4,864
    AES CORP SER B - 8.000% - 06/0 5,831 5,500
    ALLY FINL - 5.125% - 09/30/202 6,165 6,143
    ALLY FINL INC - 8.000% - 03/15 10,363 10,260
    ANTERO RESOURCES - 5.375% - 11 12,039 9,600
    AVIS BUDGET CAR RENT LLC - 5.5 5,965 6,015
    BALL CORP NTS - 5.000% - 03/15 6,053 6,120
    BERRY PLASTICS - 5.125% - 07/1 5,558 5,835
    BOYD GAMING CORP - 6.875% - 05 6,180 6,165
    CALPINE CORP SR NT - 5.750% - 5,944 5,295
    CBRE SERVICES INC - 5.000% - 0 11,948 12,060
    CCO HLDGS LLC - 5.750% - 01/15 5,685 6,165
    CCO HLDGS LLC CAP CORP - 6.500 11,141 11,440
    CELANESE US HOLDINGS LLC - 5.8 6,280 6,330
    CENTENE CORP NTS - 5.750% - 06 5,300 5,150
    CHESAPEAKE ENERGY CORP - 6.125 6,905 1,974
    CHS/CMNTY HEALTH SYS INC - 7.1 5,106 4,981
    CINEMARK USA SR - 5.125% - 12/ 5,975 5,955
    CIT GROUP INC - 5.000% - 08/15 12,387 12,322
    CNH CAPITAL - 0.036% - 04/15/2 2,963 2,954
    CONCHO RESOURCES INC - 5.500% 5,980 5,550
    CONSTELLATION BRANDS - 6.000% 5,576 5,500
    CONTINENTAL RES - 5.000% - 09/ 5,396 4,425
    CROWN AMERICAS LLC/CAP - 6.250 5,539 5,163
    CROWN CASTLE INTL - 4.875% - 0 6,098 6,225
    CSC HLDGS INC - 7.625% - 07/15 4,375 5,263
    D.R. HORTON INC - 4.000% - 02/ 6,075 6,034
    DAVITA HEALTHCARE PTNRS - 5.12 6,050 6,000
    DAVITA INC - 5.750% - 08/15/20 6,443 6,180
    DISH DBS CORP - 5.875% - 07/15 12,955 11,190
    DISH DBS CORP SR NT - 7.875% - 2,150 2,175
    DYNEGY INC - 5.875% - 06/01/20 5,995 4,815
    EL PASO CORP - 7.000% - 06/15/ 6,020 6,181
    ENERGY TRANSFER EQUITY - 7.500 9,645 8,325
    EQUINIX INC - 5.750% - 01/01/2 6,263 6,135
    GENERAL MOTORS FINL CO BOND - 12,177 12,059
    GENL MOTORS FINL CO INC - 4.25 5,906 5,935
    GENON ESCROW CORP - 9.875% - 1 3,038 2,220
    GLP CAPITAL - 4.875% - 11/01/2 5,140 4,900
    GOODYEAR TIRE & RUBBER - 7.000 5,330 5,356
    GRAPHIC PACKAGING - 4.750% - 0 5,935 6,120
    HCA INC - 3.750% - 03/15/2019 6,083 6,045
    HCA INC CORP - 5.000% - 03/15/ 12,025 11,970
    HERTZ CORP SR NT - 6.250% - 10 6,180 6,210
    HERTZ CORP SR NT - 6.750% - 04 6,540 6,129
    ICAHN ENTERPRISES LP - 6.000% 5,339 5,042
    INTELSAT JACKSON HLDGS LTD - 7 12,610 11,010
    INTERNATIONAL LEASE FIN CORP - 11,372 11,825
    IRON MOUNTAIN INC BOND - 5.750 6,093 5,790
    ISTAR FINANCIAL INC - 0.040% - 1,971 1,961
    KINETIC CONCEPTS INC - 10.500% 5,450 4,875
    LAMAR MEDIA CORP - 5.000% - 05 6,015 6,075
    LEAR CORP - 5.250% - 01/15/202 6,130 6,105
    LENNAR - 4.750% - 05/30/2025 5,893 5,865
    LENNAR CORP - 4.500% - 06/15/2 5,148 5,084
    LEUCADIA NATL CORP - 5.500% - 6,025 5,857
    LEVEL 3 COMMUNICATIONS - 5.750 6,173 6,135
    LEVEL 3 FING INC - 7.000% - 06 6,550 6,270
    LIMITED BRANDS INC NOTE - 6.62 11,244 11,075
    MARKWEST ENERGY - 5.500% - 02/ 11,257 9,625
    MASCO CORP NT - 5.950% - 03/15 5,990 6,480
    MGM RESORTS - 6.750% - 10/01/2 6,608 6,165
    MICRON TECHNOLOGY INC - 5.875% 6,340 5,835
    NATIONSTAR MORT CAP - 6.500% - 5,670 5,310
    NATIONSTAR MORT/CAP CORP - 0.0 3,113 3,098
    NAVIENT CORP - 0.055% - 01/15/ 4,735 4,675
    NRG ENERGY INC - 6.625% - 03/1 7,278 6,073
    NT NEXTEL CORP - 6.000% - 11/1 6,135 4,230
    POST HLDGS INC - 7.375% - 02/1 12,932 12,509
    PVH CORP - 0.045% - 12/15/2022 5,945 5,865
    RANGE RES CORP - 5.000% - 03/1 4,843 3,725
    RITE AID - 6.750% - 06/15/2021 6,360 6,285
    ROYAL CARIBBEAN CRUISES LTD - 6,408 6,180
    SALLY HLDGS LLC - 5.750% - 06/ 5,338 5,175
    SBA COMM CORP - 0.049% - 07/15 5,985 5,910
    SPRINT CAPITAL CORP - 6.875% - 5,873 4,185
    SPRINT CORP NTS B/E - 11.500% 3,300 2,760
    STEEL DYNAMICS - 5.250% - 04/1 5,868 5,475
    T MOBILE USA INC - 6.125% - 01 5,235 5,138
    T-MOBILE USA INC - 6.542% - 04 5,219 5,213
    TARGA RES PARTNERS - 5.250% - 6,230 4,860
    TENET HEALTHCARE CORP - 4.750% 5,944 6,030
    TENET HEALTHCARE CORP - 8.125% 5,506 4,988
    TESORO LOGISTICS - 0.061% - 10 6,248 5,700
    TOYS R US PPTY CO - 8.500% - 1 6,128 5,160
    TRANSDIGM INC NTS - 5.500% - 1 5,985 5,805
    UNITED RENTALS - 0.074% - 05/1 2,105 2,110
    UNITED RENTALS - 5.750% - 11/1 6,255 5,940
    VERISIGN - 0.000% - 05/01/2023 5,961 5,810
    WHITING PETE CORP - 5.000% - 0 6,005 4,530
    WILLIAMS COS - 0.058% - 06/24/ 5,850 4,750

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 17,296 16,720
    ADT LTD 4,179 8,740
    ALLERGAN PLC 5,487 30,625
    AMC NETWORKS INC 5,179 12,621
    ANADARKO PETROLEUM CORP 24,300 17,392
    ANGEL OAK MULTI-STRATEGY INCOM 261,371 249,080
    APPLIED MICRO CIRCUITS CORP 4,859 3,695
    ARRAY BIOPHARMA INC 3,135 2,490
    ARRIS GROUP INC 6,454 12,839
    ATMEL CORPORATION 7,063 11,107
    AUTODESK, INC 5,151 19,619
    AVNET INC 4,298 6,426
    BELMOND LTD 5,539 5,320
    BIOGEN INC 10,737 26,040
    BOEING CO 10,845 17,929
    BOYD GAMING CORP 3,130 6,557
    BROADCOM CORPORATION 5,397 15,901
    CABLEVISION SYSTEMS CORP CL A 4,285 9,251
    CAE INC 5,125 5,490
    CAMECO CORPORATION 10,994 5,240
    CINCINNATI BELL INC 5,898 6,912
    COGNEX CORPORATION 4,993 7,092
    COLGATE-PALMOLIVE COMPANY 13,590 17,521
    COMCAST CORP 7,132 32,673
    CREE, INC 23,782 15,602
    CUMMINS INC 4,335 7,921
    DIAGEO PLC ADS 16,585 17,233
    DIANA SHIPPING 3,465 2,262
    DISCOVERY COMMUNICATIONS CL A 10,402 8,671
    DISCOVERY COMMUNICATIONS, INC 7,334 11,349
    DOLBY LABORATORIES 6,700 4,913
    DOMINION RESOURCES INC 16,959 16,707
    DOUBLELINE TOTAL RETURN BOND 106,535 104,882
    DYAX CORP 2,415 10,157
    ENDOCYTE INC 2,756 642
    FEDERATED FLOATING RATE STRATE 121,148 118,930
    FIBROGEN INC 2,820 3,656
    FLUOR CORP 14,040 16,527
    FREEPORT-MCMORAN COPPER & GOLD 13,718 6,459
    GANNETT CO INC 1,476 3,747
    GOLDMAN SACHS MLP ENERGY INFRA 25,458 17,001
    HARMONIC INC. 6,368 3,256
    HELMERICH PAYNE 1,065 2,142
    HEXCEL CP DELAWARE 3,661 8,129
    HOME DEPOT INC 17,618 18,912
    IAC/INTERACTIVE CORP 978 3,603
    ILLINOIS TOOL WORKS 12,011 18,443
    IMMUNOGEN, INC 3,256 4,071
    INFINITY PHARMACEUTICALS INC 2,157 1,963
    INTEL CORP 14,334 19,533
    INTERNATIONAL SPEEDWAY CORP 2,215 2,360
    INTERXION HOLDING N.V 7,010 9,347
    INVESCO PLC 18,028 17,209
    IONIS PHARMACEUTICALS INC 3,255 14,244
    IRIDIUM COMMUNICATIONS INC 3,381 3,364
    ISHARES CORE MSCI EMERGING MAR 206,496 175,600
    ISHARES IBOXX $ HIGH YIELD COR 75,944 73,650
    ISHARES IBOXX $ INVESTMENT GRA 80,420 78,667
    ISHARES MSCI INDIA ETF 24,810 23,403
    ISHARES RUSSELL MIDCAP G IN FD 75,169 69,675
    ISHARES S&P U.S. PREFERRED STO 81,338 81,546
    ISHARES TRUST RUSSELL 1000 GRO 201,070 209,603
    ISHARES TRUST RUSSELL 1000 VAL 204,127 192,685
    JANUS CAPITAL GROUP INC 3,393 5,072
    KANSAS CITY SOUTHERN 3,009 7,467
    KBW REGIONAL BANKING ETF 22,808 21,882
    L-3 COMMUNICATIONS CORP 19,511 24,261
    LAM RESEARCH CORP 6,361 18,267
    LAS VEGAS SANDS CORP 973 9,206
    LEVEL 3 COMMUNICATIONS, INC 3,890 13,644
    LIBERTY BROADBAND CORP - LBRDA 53 1,601
    LIBERTY BROADBAND CORP - LBRDK 104 3,215
    LIBERTY INTERACTIVE CORP 998 11,611
    LIBERTY MEDIA CORP - LMCK 366 8,644
    LIBERTY MEDIA CORP - LMCA 253 6,476
    LIBERTY VENTURES 105 1,850
    LUMENTUM HOLDINGS INC 2,109 1,674
    MACROGENICS INC 3,391 3,716
    MARSH AND MCLENNAN COMPANIES I 16,638 17,134
    MCDONALD'S CORP 17,061 17,839
    MEDIA GENERAL CL A 4,890 4,684
    MEDICINES COMPANY 2,731 4,107
    MEDTRONIC PLC 27,210 27,230
    MICROSOFT CORP 15,321 21,415
    MSG NETWORKS INC 990 1,976
    MYRIAD GENETICS, INC 3,781 6,906
    NATL OILWELL VARCO 3,481 4,856
    NEXTERA ENERGY, INC 12,675 17,973
    NOVARTIS AG ADR 11,118 14,885
    NOW INC 4,226 2,705
    NUANCE COMMUNICATIONS, INC 4,744 5,808
    NUCOR CP 10,345 10,478
    NUVEEN HIGH YIELD MUNICIPAL BD 82,488 82,237
    PENTAIR INC. COM 2,443 6,290
    PEPSICO INC 17,605 18,086
    POLYCOM, INC 2,449 2,392
    POWERSHARES SMALL CAP INFO TEC 24,961 24,172
    PRECISION CASTPARTS 2,005 9,280
    PROTHENA CP PLC 2,360 3,406
    PTC THERAPEUTICS INC 3,365 2,268
    QORVO INC 4,531 14,914
    RAYMOND JAMES FINANCIAL INC 3,130 6,956
    REGENERON PHARMACEUTICALS, INC 660 21,715
    ROBERT HALF INTL INC 2,077 4,243
    ROCKWELL AUTOMATION INC 16,878 15,699
    ROWAN CO PLC 3,748 2,373
    ROYAL CARRIBEAN CRUISE 6,173 23,278
    SANDISK CORP 15,659 21,277
    SCHWAB US DIVIDEND EQUITY ETF 44,350 44,344
    SEACHANGE INTERNATIONAL, INC 2,927 3,033
    SEAGATE TECHNOLOGY 3,799 17,523
    SEATTLE GENETICS, INC 1,436 8,078
    SELECT SECTOR SPDR ENERGY FUND 24,483 21,293
    SINCLARI BROADCAST GROUP INC 1,834 9,762
    SOTHEBYS 4,420 3,349
    SPDR BARCLAYS CAPITAL HYB ETF 75,875 72,907
    SPDR S&P 500 ETF TRUST 45,367 45,463
    STARZ 6,855 11,893
    STILLWATER MINING CO 2,055 1,971
    TE CONNECTIVITY LTD 4,112 22,355
    TECHNOLOGY SPDR 50,208 49,212
    TEGNA 6,362 11,739
    TELEPHONE & DATA SYS INC 4,555 4,401
    TEXAS INSTRUMENTS INC 17,939 18,909
    THE COCA-COLA CO 17,211 16,926
    THE MADISON SQUARE GARDEN CO 2,946 5,178
    TRIMBLE NAV LTD 7,736 9,653
    TWITTER INC 4,018 3,679
    TYCO INTERNATIONAL LTD 4,680 13,362
    UNIFI INC 1,809 3,969
    UNION PACIFIC 79 78
    UNITED STATES CELLULAR CORP 3,798 2,245
    UNITED TECHNOLOGIES CORP 16,362 17,389
    UNITEDHEALTH GROUP INC 5,049 28,704
    USD CYRUSONE INC 1,830 3,371
    V F CORP 10,624 14,567
    VALSPAR CORP 2,545 9,954
    VANGUARD DIVIDEND APPRECIATION 50,026 49,222
    VANGUARD FTSE DEVELOPED MARKET 364,995 345,975
    VANGUARD MID-CAP GROWTH ETF 95,548 93,927
    VANGUARD MID-CAP VALUE INDEX 100,248 96,264
    VANGUARD SM-CAP ETF 123,652 117,500
    VERTEX PHARMCTLS INC 3,066 11,954
    VIAVI SOLUTIONS INC 2,404 2,010
    VISHAY INTERTECH 2,913 3,254
    WADDELL & REED FIN INC 2,498 3,726
    WEATHERFORD INTL 27,545 18,064
    WESTERN DIGITAL CORP 9,451 8,707
    WISDOM TREE EUROPE HEDGED EQUI 67,070 56,393
    WISDOMTREE JAPAN HEDGED EQUITY 52,174 43,770
    WORLD WRESTLING ENT 3,513 4,995

    TY 2015 InvestmentsOtherSchedule2
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    A&Q GLOBAL DIVERSIFIED STRATEG   500,000 614,356
    LAZARD LTD   5,261 5,851

    TY 2015 OtherExpensesSchedule
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 15,000     15,000
    Bank Charges 315 315    
    State or Local Filing Fees 25     25


    TY 2015 OtherIncomeSchedule2
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss LAZARD LTD 205 205  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 44,321 44,321    


    TY 2015 TaxesSchedule
    Name:
    Lighten Family Foundation
    EIN:
    20-8069108
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 7,200      
    990-PF Extension for 2014 1,956      
    Foreign Tax Paid 317 317