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
PATHFINDER FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)179 HARVEY STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CAMBRIDGE, MA02140
A Employer identification number

34-6536633
B Telephone number (see instructions)

(617) 868-1999
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$0J 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) 5,810
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 3,123 3,123 3,123
4 Dividends and interest from securities... 8,810 8,810 8,810
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 57,571
b Gross sales price for all assets on line 6a 282,392
7 Capital gain net income (from Part IV, line 2)... 427
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 75,314 12,360 11,933
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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 6,221      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 384 384    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,605 384   0
25 Contributions, gifts, grants paid....... 78,500 78,500
26 Total expenses and disbursements. Add lines 24 and 25 85,105 384   78,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -9,791
b Net investment income (if negative, enter -0-) 11,976
c Adjusted net income (if negative, enter -0-)... 11,933
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............. 37,016 22,864  
2 Savings and temporary cash investments......... 46,668 8,198  
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)....... 663,147 Click to see attachment679,864  
c Investments—corporate bonds (attach schedule)....... 124,173 Click to see attachment150,287  
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 871,004 861,213 0
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 871,004 861,213
30 Total net assets or fund balances (see instructions)..... 871,004 861,213
31 Total liabilities and net assets/fund balances (see instructions). 871,004 861,213
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
871,004
2
Enter amount from Part I, line 27a .....................
2
-9,791
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
861,213
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
861,213
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.)
1a
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
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
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 2 427
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 73,348 925,025 0.079293
2013 85,242 852,068 0.100041
2012 68,344 765,299 0.089304
2011 44,308 768,784 0.057634
2010 42,155 723,604 0.058257
2
Total of line 1, column (d) .....................
20.384529
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
0.076906
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
0
5
Multiply line 4 by line 3......................
5
 
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
120
7
Add lines 5 and 6........................
7
120
8
Enter qualifying distributions from Part XII, line 4.............
8
78,500
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 1 120
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........................... 3 120
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- ..... 5 120
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 3
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 117
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 120
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  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   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)
    bullet
    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 addressbulletN/A
    14
    The books are in care ofbulletPAT GOUDVIS Telephone no.bullet (617) 868-1999

    Located atbullet179 HARVEY STCAMBRIDGEMA ZIP+4bullet02140
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PAT GOUDVIS TRUSTEE
    1.00     		0 0 0
    179 HARVEY ST
    CAMBRIDGE,MA02138
    ANN GOUDVIS TRUSTEE
    1.00     		0 0 0
    210 LIPAN WAY
    BOULDER,CO80303
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    0
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    0
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    0
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    0
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    0
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    120
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    120
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
    0
    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
    78,500
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    78,500
    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
    120
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    78,380
    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 0
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012...... 23,582
    d From 2013...... 42,955
    e From 2014...... 27,401
    fTotal of lines 3a through e........ 93,938
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 78,500
    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.....  
    e Remaining amount distributed out of corpus 78,500
    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 5 172,438
    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 ......     		172,438
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 23,582
    c Excess from 2013.... 42,955
    d Excess from 2014.... 27,401
    e Excess from 2015.... 78,500
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    AMERICAN FRIENDS SERVICE COMMITTEE
    1501 CHERRY ST
    PHILADELPHIA,PA19102     		  PUBLIC GENERAL 1,000
    ASPEN CENTER FOR ENVIRONMENTAL STUD
    100 PUPPY SMITH ST
    ASPEN,CO81611     		  PUBLIC GENERAL 1,000
    CAMBRIDGE FRIENDS SCHOOL
    5 CADBURY RD
    CAMBRIDGE,MA02140     		  PUBLIC GENERAL 1,500
    CENTER FOR JUSTICE & ACCOUNTABILITY
    1 HALLIDIE PLAZA
    SAN FRANSISCO,CA94102     		  PUBLIC GENERAL 3,000
    CHAPEL HILL-CHAUNCY HALL SCHOOL
    785 BEAVER ST
    WALTHAM,MA02452     		  PUBLIC GENERAL 1,500
    FOTOKIDS-FUNDACION DE NINOS ARTISTA
    PO BOX 661447
    MIAMI,FL33266     		  PUBLIC GENERAL 25,000
    HAYMARKET PEOPLES FUND
    42 SEAVERNS AVE
    BOSTON,MA02130     		  PUBLIC GENERAL 1,000
    MU FILMS
    2960 HILLEGASS AVE
    BERKELEY,CA94705     		  PUBLIC GENERAL 1,000
    ONE DAY ON EARTH FOUNDATION
    PO BOX 710
    SANTA MONICA,CA90401     		  PUBLIC GENERAL 15,000
    PALO ALTO FRIENDS MEETING
    957 COLORADO AVE
    PALO ALTO,CA94303     		  PUBLIC GENERAL 2,000
    PEACE DEVELOPMENT FUND
    44 N PROSPECT ST
    AMHERST,MA01002     		  PUBLIC GENERAL 500
    PLANNED PARENTHOOD
    434 WEST 33RD ST
    NEW YORK,NY10001     		  PUBLIC GENERAL 1,000
    RETHINKING SCHOOLS
    1001 EAST KEEFE AVE
    MILWAUKEE,WI53212     		  PUBLIC GENERAL 25,000
    Total .................................bullet 3a 78,500
    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 3,123  
    4 Dividends and interest from securities....     14 8,810  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    14 427 57,144
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   12,360 57,144
    13Total. Add line 12, columns (b), (d), and (e)..................
    1369,504
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    PATHFINDER FUND
     
    Employer identification number

    34-6536633
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    PATHFINDER FUND
          		Employer identification number
    34-6536633
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    PATRICIA GOUDVIS  
    179 HARVEY ST
     
    CAMBRIDGE, MA02140

    		$ 5,810


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

    34-6536633
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 445 SHARES APPLE INC. $ 46,841 2015-12-16
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    PATHFINDER FUND
          		Employer identification number

    34-6536633
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    59 BAXTER INTER 2014-09 PURCHASE 2015-03   4,019 4,436     -417  
    53 CHURCH & DWIGHT 2014-12 PURCHASE 2015-06   4,350 4,074     276  
    307 EVERNOC INC 2015-03 PURCHASE 2015-12   1,165 3,452     -2,287  
    56 GILEAD SCIENCES 2014-09 PURCHASE 2015-03   5,729 5,852     -123  
    13 GOOGLE 2015-03 PURCHASE 2015-08   8,650 7,340     1,310  
    70 KEURIG 2015-06 PURCHASE 2015-11   2,847 5,948     -3,101  
    75 SOLARCITY CORP 2015-03 PURCHASE 2015-12   3,834 3,791     43  
    .1 TELEFONICA 2015-04 PURCHASE 2015-04   68       68  
    61 ADOBE SYSTEMS 2014-09 PURCHASE 2015-12   5,718 4,308     1,410  
    246 APPLIED MATERIALS 2011-03 PURCHASE 2015-09   3,896 3,888     8  
    168 APPLIED MATERIALS 2013-11 PURCHASE 2015-09   2,660 2,940     -280  
    504.6 BANCO BRADESCO 2013-11 PURCHASE 2015-12   2,641 5,575     -2,934  
    458.4 BANCO BRADESCO 2013-12 PURCHASE 2015-01   2,400 4,723     -2,323  
    74 BAXTER INTL 2013-11 PURCHASE 2015-03   5,041 4,914     127  
    87 BAXTER INTL 2012-01 PURCHASE 2015-09   3,129 2,545     584  
    34 BAXTER INTL 2013-11 PURCHASE 2015-09   1,223 1,246     -23  
    211 CREE INC 2013-11 PURCHASE 2015-03   8,062 12,268     -4,206  
    75 CUMMINS INC 2013-11 PURCHASE 2015-03   10,383 9,731     652  
    178 EBAY 2013-11 PURCHASE 2015-09   4,538 3,692     846  
    395 ENERNOC 2014-06 PURCHASE 2015-12   1,499 7,295     -5,796  
    34 GILEAD SCIENCES 2013-12 PURCHASE 2015-03   3,478 2,520     958  
    9 GOOGLE 2012-01 PURCHASE 2015-08   5,988 2,648     3,340  
    3 GOOGLE 2013-07 PURCHASE 2015-08   1,996 1,338     658  
    5 GOOGLE 2013-11 PURCHASE 2015-08   3,327 2,553     774  
    317 INTERFACE 2013-11 PURCHASE 2015-08   8,199 6,372     1,827  
    129 ITC HOLDINGS CORP 2013-06 PURCHASE 2015-12   4,831 3,670     1,161  
    63 KEURIG GREEN MT 2013-11 PURCHASE 2015-11   2,562 3,722     -1,160  
    91 MARATHON PETE 2012-05 PURCHASE 2015-03   9,321 3,240     6,081  
    60 MIDDLEBY CORP 2013-11 PURCHASE 2015-12   6,563 4,331     2,232  
    1315 NOKIA CORP 2014-03 PURCHASE 2015-06   9,139 10,118     -979  
    169 PENTAIR 2013-03 PURCHASE 2015-09   9,041 8,631     410  
    88 QUALCOMM 2011-01 PURCHASE 2015-12   4,154 4,536     -382  
    19 QUALCOM 2011-07 PURCHASE 2015-12   897 1,049     -152  
    106 SOLARCITY 2013-12 PURCHASE 2015-12   5,419 5,896     -477  
    44 SOLARCITY 2014-09 PURCHASE 2015-12   2,249 2,964     -715  
    41 SVB FINANCIAL GROUP 2013-11 PURCHASE 2015-06   5,874 3,960     1,914  
    429 TELEFONICA 2013-11 PURCHASE 2015-12   4,963 7,048     -2,085  
    250 UMPQUA HOLDINGS 2013-12 PURCHASE 2015-12   4,093 4,717     -624  
    189 UMPQUA 2014-03 PURCHASE 2015-12   3,094 3,505     -411  
    122 UNITEDHEALTH 2011-01 PURCHASE 2015-03   14,580 4,879     9,701  
    52 VERISK ANALYTICS 2014-03 PURCHASE 2015-12   4,047 3,276     771  
    28 WABTEC 2012-08 PURCHASE 2015-03   2,691 1,136     1,555  
    31 WABTEC 2012-11 PURCHASE 2015-03   2,979 1,254     1,725  
    151 WESTPORT INNOVATION 2013-11 PURCHASE 2015-09   470 3,435     -2,965  
    135 WESTPORT INNOVATION 2013-10 PURCHASE 2015-09   420 3,358     -2,938  
    7 WESTPORT INNOVATION 2013-11 PURCHASE 2015-09   22 159     -137  
    286 WESTPORT INNOVATION 2013-12 PURCHASE 2015-09   891 4,985     -4,094  
    22 WW GRAINGER 2013-11 PURCHASE 2015-09   4,840 5,870     -1,030  
    28 APPLE 2009-09 PURCHASE 2015-03   3,583 701     2,882  
    91 APPLE 2010-01 PURCHASE 2015-03   11,644 2,794     8,850  
    135 APPLE 2010-01 PURCHASE 2015-03   17,274 4,147     13,127  
    79 APPLE 2009-06 PURCHASE 2015-06   10,027 1,532     8,495  
    42 APPLE 2009-09 PURCHASE 2015-06   5,331 1,051     4,280  
    96 APPLE 2009-06 PURCHASE 2015-09   11,091 1,862     9,229  
    22 HOME DEPOT 2010-01 PURCHASE 2015-03   2,581 636     1,945  
    200 POWERSHARES 2009-06 PURCHASE 2015-03   11,639 2,675     8,964  
    14 POWERSHARES 2010-01 PURCHASE 2015-03   815 235     580  

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Name of Bond End of Year Book Value End of Year Fair Market Value
    IBRD GREEN BOND 49,125  
    BANK AMER CORP 49,997  
    BAXTER INTL 25,051  
    VORNADO RLTY LP GREEN BD 10,042  
    HSBC HLDGS PLC 5,712  
    REGENCY CTRS LP GREEN BD 10,360  

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Name of Stock End of Year Book Value End of Year Fair Market Value
    8POINT ENERGY PTR 586 SHS 8,231  
    AO SMITH 140 SHS 10,875  
    ABB LTD 899 SHS 20,860  
    ABB LTD 494 SHS    
    ACUITY BRANDS 76 SHS 12,698  
    ADOBE SYSTEMS 308 SHS    
    ADOBE SYSTEMS 247 SHS 15,106  
    ALPHABET INC 10,099  
    APPLE INC 445 SHS 5,810  
    APPLE INC 470 SHS    
    APPLIED MATERIALS 414 SHS    
    ARM HOLDINGS 175 SHS 6,940  
    ASML HLDG 111 SHS 12,033  
    AUTODESK INC 173 SHS 10,702  
    BANCO BRADESCO 803 SHS    
    BAXALTA INC 121 SHS 3,077  
    BAXTER INTL 254 SHS    
    BIOGEN 62 SHS 24,394  
    BORG WARNER 140 SHS    
    BORG WARNER 241 SHS 11,095  
    BRANDYWINE 398 SHS 6,250  
    BT GROUP 292 SHS 8,766  
    CBRE GROUP 357 SHS 7,993  
    CERNER CORP 290 SHS 15,616  
    CHURCH 53 SHS    
    CISCO SYSTEMS 707 SHS 12,396  
    CITRIX SYS 157 SHS 10,422  
    CREE INC 211 SHS    
    CUMMINS INC 75 SHS    
    DISCOVERY 320 SHS 10,945  
    EATON CORP 199 SHS    
    EATON CORP 261 SHS 17,263  
    EBAY 178 SHS    
    ENERNOC 395 SHS    
    FIRST SOLAR 260 SHS 13,082  
    FOREST CITY 540 SHS 10,701  
    GILEAD SCIENCES 170 SHS 12,600  
    GILEAD SCIENCES 260 SHS    
    GOOGLE 28 SHS    
    HANNON ARMSTRONG 350 SHS 6,635  
    HEXCEL COR 284 SHS 11,195  
    HOLOGIC 561SHS 11,285  
    HOME DEPOT 22 SHS    
    HSBC HLDS 143 SHS    
    HSBC HLDS 313 SHS 13,874  
    INTERFACE 810 SHS    
    INTERFACE 493 SHS 9,909  
    ITC HOLDINGS 129 SHS    
    JB HUNT 107 SHS 7,654  
    JOHNSON CTLS 356 SHS 13,946  
    KEURIG 63 SHS    
    LULULEMON ATHLETICA 204 SHS 12,983  
    MARATHON PETE CORP 91 SHS    
    MIDDLEBY CORP 126 SHS    
    MIDDLEBY CORP 66 SHS 4,764  
    MINERALS TECH INC 240 SHS 8,565  
    NOKIA 1315 SHS    
    NOVARTIS A G 242 SHS 19,735  
    NXP SEMICONDUCTORS SHS 9,547  
    ORMAT TECH 479 SHS    
    ORMAT TECH 586 SHS 16,911  
    OWENS ILLINOIS 390 SHS 6,656  
    PALO ALTO NETWORKS 54 SHS 7,768  
    PAYPAL HOLDINGS 265 SHS 8,664  
    POWERSHARES 214 SHS    
    PANERA BREAD 106 SHS 16,985  
    PENTAIR 169 SHS    
    PROLOGICS INC 343 SHS 13,283  
    QUALCOMM 107 SHS    
    ROGERS CORP 114 SHS    
    ROGERS CORP 274 SHS 15,953  
    ROYAL BK OF CAN 132 SHS 7,141  
    SALESFORCE 164 SHS 9,373  
    SOLARCITY 150 SHS    
    SONOCO 170 SHS 7,417  
    STARBUCKS CORP 316 SHS 9,106  
    STARWOOD HOTELS 178 SHS 13,992  
    SVB FINANCIAL 202 SHS    
    SVB FINANCIAL 161 SHS 16,340  
    TELEFONICA S A 429    
    TESLA MOTORS 16 SHS 3,715  
    UMPQUA H 1235 SHS    
    UMPQUA HOLDINGS 796 SHS 13,995  
    UNILEVER 289 SHS    
    UNILEVER 417 SHS 17,028  
    UNITED HEALTH GROUP 122 SHS    
    UNITED HAT FOODS 234 SHS    
    UNITED NAT FOODS 406 SHS 21,375  
    VERISK 149 SHS    
    VERISK 97 SHS 6,111  
    WW GRALI 22 SHS    
    WABTEC 193 SHS 11,005  
    WABTEC 148 SHS    
    WATERS COV 73 SHS 7,402  
    WESTOIRT 579 SHS    
    WHITEWAVE FOODS 439 SHS 18,222  
    WHOLE FOODS 430 SHS 15,230  
    XYLEM INC 8,146  

    TY 2015 OtherProfessionalFeesSchedule
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 6,129      
    ADR FEES 92      


    TY 2015 TaxesSchedule
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 384 384