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
Banner 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

45-4099257
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$894,145J 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 32 32  
4 Dividends and interest from securities... 22,971 22,971  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 37,914
b Gross sales price for all assets on line 6a 246,304
7 Capital gain net income (from Part IV, line 2)... 37,914
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 69 31  
12 Total. Add lines 1 through 11........ 60,986 60,948  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 65,000     65,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 5,162     5,162
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 15,965 15,965    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 945 220    
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 12,856 253   12,602
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 99,928 16,438   82,764
25 Contributions, gifts, grants paid....... 11,000 11,000
26 Total expenses and disbursements. Add lines 24 and 25 110,928 16,438   93,764
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -49,942
b Net investment income (if negative, enter -0-) 44,510
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......... 49,656 22,270 22,270
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)....... 809,199 Click to see attachment784,750 856,712
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,858 Click to see attachment12,751 15,163
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) 869,713 819,771 894,145
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 869,713 819,771
30 Total net assets or fund balances (see instructions)..... 869,713 819,771
31 Total liabilities and net assets/fund balances (see instructions). 869,713 819,771
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
869,713
2
Enter amount from Part I, line 27a .....................
2
-49,942
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
819,771
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
819,771
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 Passthrough K1 Capital Gain      
c SEC 751 GAIN ON SALE OF PTSHP-RECLASS      
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 246,304   207,073 39,231
b       8
c       -1,325
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       39,231
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 37,914
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 99,234 1,017,082 0.097567
2013 140,428 1,042,590 0.134691
2012 23,118 1,039,939 0.02223
2011 0 492,500 0.0
2010 0 0 0.0
2
Total of line 1, column (d) .....................
20.254488
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
0.063622
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
949,640
5
Multiply line 4 by line 3......................
5
60,418
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
445
7
Add lines 5 and 6........................
7
60,863
8
Enter qualifying distributions from Part XII, line 4.............
8
93,764
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 1 445
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........................... 3 445
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- ..... 5 445
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 700
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.............. 7 700
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 10 255
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet255 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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, FL
    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
     
    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
    James Banner Pres / Dir / Sec
    20.0     		65,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Nicole Banner VP / Dir
    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
    936,148
    b
    Average of monthly cash balances.......................
    1b
    27,954
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    964,102
    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
    964,102
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    14,462
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    949,640
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    47,482
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    47,482
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    445
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    445
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    47,037
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    47,037
    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
    47,037
    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
    93,764
    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
    93,764
    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
    445
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    93,319
    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 47,037
    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......  
    b From 2011......  
    c From 2012......  
    d From 2013...... 60,113
    e From 2014...... 49,630
    fTotal of lines 3a through e........ 109,743
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 93,764
    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..... 47,037
    e Remaining amount distributed out of corpus 46,727
    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 5 156,470
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		156,470
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013.... 60,113
    d Excess from 2014.... 49,630
    e Excess from 2015.... 46,727
    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).)
    James Banner
    Nicole Banner
    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
    NOVA SOUTHEASTERN UNIVERSITY INC
    3301 COLLEGE AVE
    DAVIE,FL33314     		N/A PC Main Event Fund 10,000
    SMILE TRAIN INC
    41 MADISON AVE 28TH FL
    NEW YORK,NY10010     		N/A PC General & Unrestricted 1,000
    Total .................................bullet 3a 11,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 32  
    4 Dividends and interest from securities....     14 22,971  
    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 37,914  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -1,287 14 31  
    bSEC 751 GAIN ON SALE OF PTSHP 525990 1,325      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 38 60,948  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1360,986
    (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

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

    TY 2015 DepreciationSchedule
    Name:
    Banner Family Foundation
    EIN:
    45-4099257
    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

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Banner Family Foundation
    EIN:
    45-4099257
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 545 904
    ABBOTT LABS 2,950 2,964
    ABBVIE INC 7,775 9,893
    ACCENTURE PLC 4,328 5,539
    ACE LTD 2,926 3,622
    ADOBE SYSTEMS, INC 1,399 3,100
    AETNA INC 874 865
    AKAMAI TECH COM STK 2,867 2,000
    ALPHABET INC CL A 1,009 2,334
    ALPHABET INC CL C 1,003 2,277
    AMER INTERNATIONAL GROUP INC 1,550 1,673
    AMERICAN ELECTRIC POWER INC 1,650 2,389
    AMERICAN EXPRESS CO 352 348
    AMERICAN WATER WORKS COMPANY I 1,191 2,032
    AMERIPRISE FINANCIAL INC 985 1,916
    AMERISOURCEBERGEN CORP 1,531 2,904
    AMPHENOL CORPORATION 2,288 2,298
    ANALOG DEVICES INC 2,406 2,766
    ANTHEM INC 1,486 1,534
    APPLE INC 6,806 9,158
    ARES CAPITAL CORPORATION - CLO 1,192 955
    AT&T, INC 9,435 10,289
    AUTOMATIC DATA PROCESSING INC 2,868 2,965
    BANK OF MONTREAL 1,366 1,298
    BCE INC 837 811
    BHP BILLITON LIMITED 1,054 361
    BLACKROCK HIGH YIELD BOND INST 5,120 4,747
    BLACKROCK INC 1,330 2,384
    BOEING CO 3,112 3,326
    BRISTOL-MYERS SQUIBB CO 664 1,307
    BROWN FORMAN CORP CL B 2,751 3,078
    CA INC 1,891 2,199
    CAMBIAR SMALL CAP FUND - INSTI 5,979 5,242
    CANADIAN NATL RAILWAY CO 2,370 2,682
    CAPITAL ONE FINANCIAL CORP 2,214 1,877
    CELANESE CORPORATION 2,278 2,155
    CELGENE CORP 1,446 2,754
    CHEVRON CORP 7,378 6,387
    CISCO SYSTEMS INC 4,856 5,893
    CITIGROUP INC 5,433 5,486
    CLOROX CO 2,679 3,044
    CME GROUP, INC 2,919 2,990
    CMS ENERGY CP 858 902
    COACH INC 2,806 2,422
    COLGATE-PALMOLIVE COMPANY 4,970 5,729
    COMCAST CORP 1,148 1,580
    CONOCOPHILLIPS 769 654
    COSTCO WHOLESALE CORPORATION 2,080 2,907
    CULLEN FROST BANKERS INC 2,038 2,100
    CVS CAREMARK CORP 1,925 3,715
    DIAGEO PLC ADS 683 763
    DIGITAL RLTY TR INC 2,500 3,025
    DISCOVER FINL SVCS COM 2,651 2,413
    DOLLAR GENERAL CORP 2,353 2,300
    DOMINION RESOURCES INC 1,252 1,623
    DOMTAR LTD 2,635 2,217
    DOW CHEMICAL PV 1,079 1,133
    DU PONT DE NEMOURS 1,464 2,065
    EATON CORP PLC 4,661 3,331
    EATON VANCE INCOME FD OF BOSTO 14,462 13,389
    ECOLAB INC 2,329 2,516
    EMC CORP-MASS 2,406 2,517
    EOG RESOURCES INC 2,672 2,336
    ESTEE LAUDER COMPANIES INC 2,196 2,906
    EVERSOURCE ENERGYINC 505 715
    EXELON CORPORATION 821 750
    EXXON MOBIL CORP 4,976 4,833
    FIDELITY NATIONAL INFORMATION 1,815 2,969
    FIFTH THIRD BANCORP 1,632 2,131
    FORD MOTOR COMPANY 2,298 2,114
    GAP INC 1,139 815
    GENERAL ELECTRIC CO 5,852 8,504
    GENERAL MOTORS 5,017 5,102
    GILEAD SCIENCES INC 2,218 2,024
    GLAXOSMITHKLINE PLC 2,736 2,098
    GOLDMAN SACHS GROUP 1,111 1,081
    HARTFORD FINANCIALSERVICES GRO 2,241 2,303
    HEALTH CARE PPTY INVS INC 1,478 1,415
    HOME DEPOT INC 3,628 6,216
    HONEYWELL INTL 3,845 5,075
    HOST HOTELS & RESORTS INC 1,119 767
    HUNT J B 2,738 2,494
    ILLINOIS TOOL WORKS 2,490 2,966
    INTEL CORP 3,732 5,202
    INTERCONTINENTAL EXCHANGE, INC 1,984 2,819
    INTERNATIONAL BUSINESS MACHINE 5,312 4,404
    INTERNATIONAL PAPER CO 2,832 2,677
    IVY MID CAP GROWTH FUND CLASS 12,264 12,460
    JOHNSON & JOHNSON 8,456 10,888
    JP MORGAN CHASE 7,912 13,140
    JP MORGAN DYNAMIC SMALL CAP GR 9,194 9,376
    KINDER MORGAN INC 3,674 1,477
    KROGER CO 1,172 1,673
    LAMAR ADVERTISING CO CL A REIT 3,681 4,379
    LOCKHEED MARTIN CORP 1,076 1,303
    LOOMIS SAYLES BOND FUND 3,325 2,928
    LOWES COMPANIES INC 1,197 2,737
    LYONDELLBASELL INDUSTRIES NV 3,069 3,215
    MACY'S INC 4,725 2,938
    MAINSTAY LARGE CAP GROWTH FUND 46,933 59,050
    MANAGERS AMG SYSTEMATIC MID CA 5,483 5,870
    MARATHON OIL CORP COM 686 277
    MARATHON PETROLEUM CORP 985 1,452
    MARSH AND MCLENNAN COMPANIES I 2,337 2,495
    MATTELL INC 2,574 2,364
    MAXIM INTEGRATED PRODS INC 754 1,026
    MCDONALD'S CORP 1,155 1,418
    MCGRAW-HILL 2,546 2,465
    MEDTRONIC PLC 3,612 3,692
    MERCK & CO INC 7,838 8,187
    METLIFE INC 5,026 5,158
    METRO WEST LOW DURATION CL I 14,680 14,971
    METROPOLITAN WEST RETURN BOND 54,571 55,029
    MICROCHIP TECHNOLOGY INC 1,628 2,001
    MICROSOFT CORP 9,893 14,314
    MONDELEZ INTERNATIONAL INC 2,351 2,780
    MONSANTO CO 2,616 2,266
    MORGAN STANLEY 2,008 1,845
    MOTOROLA SOLUTIONS INC 784 890
    NATIONAL GRID TRANSCO PLC 2,067 2,295
    NEXTERA ENERGY, INC 3,245 4,987
    NIELSEN HOLDINGS N.V 2,546 2,656
    NISOURCE INC 503 1,151
    NORTHERN TRUST CORPORATION 3,101 2,884
    NORTHROP GRUMMAN CORP 712 1,888
    NOVARTIS AG ADR 2,016 2,151
    NOVO NORDISK A S 1,457 2,904
    OCCIDENTAL PETROLEUM CORP 2,441 1,893
    OMEGA HEALTHCARE INV 604 875
    ORACLE CORP 1,161 1,059
    PACKAGING CORP AMER 2,750 3,026
    PEPSICO INC 6,164 6,195
    PFIZER INC 8,189 11,363
    PHILIP MORRIS INTL 785 791
    PHILLIPS 66 1,450 2,536
    PNC FINANCIAL GROUP INC 3,765 4,861
    PPG INDUSTRIES INC 2,702 2,668
    PRAXAIR INC 3,170 2,662
    PRINCIPAL PREFERRED SECURITIES 48,006 49,207
    PROCTER GAMBLE CO 7,640 8,179
    PRUDENTIAL FINCL INC 1,331 1,628
    PUBLIC SVC ENTERPRISE GROUP IN 2,947 2,979
    QUALCOMM INC 4,719 3,599
    QUEST DIAGNOSTICS 3,277 3,344
    RAYTHEON CO 949 2,242
    REYNOLDS AMERICAN INC 844 923
    ROYAL DUTCH SHELL CL A 5,081 3,480
    RYDER SYSTEM 2,476 1,591
    SASOL LTD 2,200 1,609
    SCHLUMBERGER LTD 832 767
    SEAGATE TECHNOLOGY 1,829 1,283
    SENIOR HOUSING PROPERTIES INC 883 579
    SPECTRA ENERGY CORP-W/I 1,286 1,005
    STARBUCKS CORP COM 2,858 4,442
    STMICROELECTRONICS 541 493
    SUNTRUST BKS INC 2,016 2,613
    TE CONNECTIVITY LTD 921 905
    TEMPLETON GLOBAL BD 11,285 9,917
    TEMPLETON GLOBAL TOTAL RETURN 6,000 5,295
    TEVA PHARMACEUTICAL INDUSTRIES 1,412 2,363
    THE COCA-COLA CO 1,123 1,246
    THE JM SMUCKER COMPANY 2,266 2,467
    THERMO FISHER SCIENTIFIC INC 2,495 2,553
    THORNBURG GLOBAL VALUE FUND CL 33,814 30,409
    TJX COMPANIES INC 1,881 3,404
    TORONTO DOMINION 980 979
    TOTAL FINA ELF S.A 3,538 3,371
    TRAVELERS COMPANIES INC 5,090 6,659
    TYCO INTERNATIONAL LTD 850 638
    UNDER ARMOUR INC 1,534 2,176
    UNILEVER N V N Y 265 347
    UNION PACIFIC 2,989 3,441
    UNITED PARCEL SERVICE 933 1,059
    UNITED TECHNOLOGIES CORP 5,087 5,188
    UNITEDHEALTH GROUP INC 5,655 8,000
    US BANCORP 1,123 1,621
    V F CORP 2,073 3,113
    VALERO ENERGY CORP 2,195 2,475
    VERIZON COMMUNICATIONS 5,327 5,546
    VIRTUS EMERGING MARKETS OPPTS 17,848 16,842
    VISA INC 1,810 3,102
    VODAFONE GROUP PLC 2,568 1,645
    WAL-MART STORES INC 4,146 3,923
    WALT DISNEY HOLDINGS CO 3,447 4,098
    WEC ENERGY GROUP, INC 2,464 2,668
    WELLS FARGO & CO 7,797 12,394
    WESTERN ASSET CORE PLUS BOND P 29,171 29,557
    WEYERHAEUSER CO 5,523 5,097
    WHIRLPOOL CORP 1,795 2,203
    WILLIAMS COS 3,127 2,390
    WILLIAMS SONOMA INC 2,921 1,986

    TY 2015 InvestmentsOtherSchedule2
    Name:
    Banner Family Foundation
    EIN:
    45-4099257
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ENERGY TRANSFER EQUITY LP   2,178 2,143
    ENERGY TRANSFER PARTNERS LP   1,810 2,462
    ENTERPRISE PRODUCTS PARTNERS   1,758 3,531
    MAGELLAN MIDSTREAM PARTNERS LP   2,027 2,173
    MPLX LP   2,453 3,029
    PLAINS ALL AMERICAN PIPELINE   2,525 1,825

    TY 2015 OtherExpensesSchedule
    Name:
    Banner Family Foundation
    EIN:
    45-4099257
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 11,887     11,887
    Bank Charges 231 231    
    K-1 EXP ENERGY TRANSFER 14 13    
    K-1 EXP PLAINS ALL AMERICAN 9 9    
    Payroll Processing Fees 629     629
    State or Local Filing Fees 86     86


    TY 2015 OtherIncomeSchedule2
    Name:
    Banner Family Foundation
    EIN:
    45-4099257
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss ENERGY TRANSFER EQUITY LP -120 11  
    K-1 Inc/Loss ENERGY TRANSFER PARTNERS LP -232 13  
    K-1 Inc/Loss ENTERPRISE PRODUCTS -141 -7  
    K-1 Inc/Loss MPLX LP -296 16  
    K-1 Inc/Loss ONEOK PARTNERS LP -258 -1  
    K-1 Inc/Loss PLAINS ALL AMERICAN -209 -1  
    751 Gain on Sale ENERGY TRANSFER 43    
    751 Gain on Sale Markwest energy 18    
    751 Gain on Sale ONEOK PARTNERS LP 1,264    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Banner Family Foundation
    EIN:
    45-4099257
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 15,965 15,965    


    TY 2015 TaxesSchedule
    Name:
    Banner Family Foundation
    EIN:
    45-4099257
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 700      
    990-PF Extension for 2014 25      
    Foreign Tax Paid 220 220