TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
HARRY Z ISAACS FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231

A Employer identification number

52-1706022

B Telephone number (see instructions)

(410) 537-5404

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$3,220,202J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	46,720		46,720
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		251,380
b	Gross sales price for all assets on line 6a 1,663,031
7	Capital gain net income (from Part IV, line 2)...			251,380
8	Net short-term capital gain.........				0
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........	298,100		298,100
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......	9,167		0	0	9,167
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		20,922	20,922		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		13,528	750		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		260			260
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	43,877		21,672	0	9,427
25	Contributions, gifts, grants paid.......	198,405				198,405
26	Total expenses and disbursements. Add lines 24 and 25	242,282		21,672	0	207,832
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	55,818
b	Net investment income (if negative, enter -0-)			276,428
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	165,509	158,574	158,574
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	2,241,970	2,208,681	2,474,884
	c	Investments—corporate bonds (attach schedule).......	499,711	594,881	586,744
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,907,190	2,962,136	3,220,202
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	2,907,190	2,962,136
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	2,907,190	2,962,136
	31	Total liabilities and net assets/fund balances (see instructions).	2,907,190	2,962,136

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,907,190

Enter amount from Part I, line 27a .....................

55,818

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

2,963,008

Decreases not included in line 2 (itemize) bullet

872

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

2,962,136

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	1. FOSSIL GROUP INC		2012-05-08	2015-01-02
b	9. QUALCOMM CORP.		2010-01-28	2015-01-02
c	10. QUALCOMM CORP.		2010-01-28	2015-01-05
d	2. COVANCE INC		2010-07-29	2015-01-06
e	1. FOSSIL GROUP INC		2012-05-08	2015-01-06
	7. QUALCOMM CORP.		2010-01-28	2015-01-06
	3. COVANCE INC		2010-09-03	2015-01-07
	1. FOSSIL GROUP INC		2012-05-08	2015-01-07
	5. QUALCOMM CORP.		2009-10-09	2015-01-07
	1064.963 BROWN ADV GROWTH EQTY FUND-I		2013-12-13	2015-01-08
	231.717 BROWN ADV GROWTH EQTY FUND-I		2014-12-23	2015-01-08
	2. COVANCE INC		2010-09-03	2015-01-08
	7378.499 DELAWARE HIGH YIELD OPPORT-I		2013-12-26	2015-01-08
	102.873 DELAWARE HIGH YIELD OPPORT-I		2014-11-21	2015-01-08
	119.738 DELAWARE HIGH YIELD OPPORT-I		2014-11-21	2015-01-08
	8588.089 DELAWARE HIGH YIELD OPPORT-I		2013-12-26	2015-01-08
	2. FOSSIL GROUP INC		2012-05-08	2015-01-08
	5. GILEAD SCIENCES INC.		2013-12-09	2015-01-08
	7. GILEAD SCIENCES INC.		2014-03-14	2015-01-08
	8. QUALCOMM CORP.		2009-10-09	2015-01-08
	3. COVANCE INC		2010-09-03	2015-01-09
	3. FOSSIL GROUP INC		2012-05-08	2015-01-09
	1. COVANCE INC		2010-09-03	2015-01-12
	1. COVANCE INC		2010-09-03	2015-01-13
	2. COVANCE INC		2010-09-03	2015-01-14
	17. DISCOVERY COMMUNICAIONS-A		2014-04-03	2015-01-14
	6. DISCOVERY COMMUNICATIONS-C		2014-04-02	2015-01-14
	2. CORE LABORATORIES N V		2014-06-05	2015-01-14
	3. COVANCE INC		2010-09-03	2015-01-15
	2. DISCOVERY COMMUNICAIONS-A		2014-03-24	2015-01-15
	3. DISCOVERY COMMUNICATIONS-C		2014-04-03	2015-01-15
	1. CORE LABORATORIES N V		2014-06-05	2015-01-15
	77. DISCOVERY COMMUNICAIONS-A		2014-07-09	2015-01-16
	13. DISCOVERY COMMUNICATIONS-C		2014-04-01	2015-01-16
	6. CORE LABORATORIES N V		2014-06-02	2015-01-16
	2. DISCOVERY COMMUNICATIONS-C		2014-03-17	2015-01-20
	1. FOSSIL GROUP INC		2012-05-08	2015-01-20
	3. CORE LABORATORIES N V		2011-08-08	2015-01-20
	6. DISCOVERY COMMUNICATIONS-C		2014-04-04	2015-01-21
	2. FOSSIL GROUP INC		2012-07-02	2015-01-21
	5. CORE LABORATORIES N V		2011-08-08	2015-01-21
	868.595 BROWN ADVISORY-S/C FND VAL-I		2013-12-13	2015-01-22
	207.136 BROWN ADVISORY-S/C FND VAL-I		2014-12-23	2015-01-22
	579.962 BROWN ADVISORY-S/C FND VAL-I		2013-12-13	2015-01-22
	2647.232 BROWN ADVISORY-S/C FND VAL-I		2014-12-23	2015-01-22
	8. DISCOVERY COMMUNICATIONS-C		2014-03-26	2015-01-22
	4. FOSSIL GROUP INC		2012-07-02	2015-01-22
	7. QUALCOMM CORP.		2009-10-09	2015-01-22
	1. CORE LABORATORIES N V		2011-08-08	2015-01-22
	5. DISCOVERY COMMUNICATIONS-C		2014-03-31	2015-01-23
	20. DISCOVERY COMMUNICATIONS-C		2014-04-07	2015-01-23
	4. DISCOVERY COMMUNICATIONS-C		2014-04-07	2015-01-26
	3. FOSSIL GROUP INC		2012-07-02	2015-01-26
	16. QUALCOMM CORP.		2009-10-09	2015-01-26
	1. CORE LABORATORIES N V		2011-08-08	2015-01-26
	40. DISCOVERY COMMUNICATIONS-C		2014-09-19	2015-01-27
	2. FOSSIL GROUP INC		2012-07-02	2015-01-27
	1. CORE LABORATORIES N V		2011-08-08	2015-01-27
	6. APPLE COMPUTER INC.		2009-01-16	2015-01-28
	1. CORE LABORATORIES N V		2011-08-08	2015-01-28
	3. FOSSIL GROUP INC		2012-07-02	2015-01-29
	11. CORE LABORATORIES N V		2011-08-08	2015-01-29
	37. DISCOVERY COMMUNICATIONS-C		2014-10-06	2015-01-30
	6. CORE LABORATORIES N V		2012-10-03	2015-01-30
	5. FOSSIL GROUP INC		2012-07-02	2015-02-02
	5. CORE LABORATORIES N V		2012-10-03	2015-02-02
	6. COVANCE INC		2010-09-03	2015-02-03
	12. QUALCOMM CORP.		2010-03-02	2015-02-03
	5. CORE LABORATORIES N V		2011-10-10	2015-02-03
	4. COVANCE INC		2010-09-03	2015-02-04
	4. STARBUCKS CORP.		2012-10-26	2015-02-04
	9. STARBUCKS CORP.		2014-02-04	2015-02-04
	3. CORE LABORATORIES N V		2011-10-10	2015-02-04
	2. COVANCE INC		2010-09-03	2015-02-05
	6. CORE LABORATORIES N V		2011-10-10	2015-02-05
	2. COVANCE INC		2010-09-03	2015-02-06
	7. FMC TECHNOLOGIES INC		2014-09-05	2015-02-06
	1. COVANCE INC		2010-09-03	2015-02-09
	6. FMC TECHNOLOGIES INC		2014-01-30	2015-02-09
	5. FMC TECHNOLOGIES INC		2014-09-08	2015-02-09
	3. QUALCOMM CORP.		2010-03-02	2015-02-09
	2. COVANCE INC		2010-09-03	2015-02-10
	8. FMC TECHNOLOGIES INC		2014-01-30	2015-02-10
	10. QUALCOMM CORP.		2010-03-02	2015-02-10
	2. COVANCE INC		2010-09-03	2015-02-11
	1. COVANCE INC		2010-09-03	2015-02-13
	1. COVANCE INC		2010-09-03	2015-02-17
	6. QUALCOMM CORP.		2010-04-26	2015-02-17
	5. SCHLUMBERGER LTD.		2014-11-28	2015-02-17
	8. COVANCE INC		2010-09-03	2015-02-18
	4. QUALCOMM CORP.		2010-04-26	2015-02-18
	4. QUALCOMM CORP.		2010-04-26	2015-02-19
	663.075 BROWN ADVISORY-S/C FND VAL-I		2011-02-10	2015-03-02
	828.844 BROWN ADVISORY-S/C FND VAL-I		2013-02-04	2015-03-02
	297.532 BROWN ADV SMALL-CAP GROWTH-I		2014-12-23	2015-03-02
	157.013 BROWN ADV SMALL-CAP GROWTH-I		2013-12-13	2015-03-02
	135. ISHARES RUSSELL 1000 VALUE INDEX FD		2013-12-26	2015-03-02
	575. ISHARES RUSSELL 1000 VALUE INDEX FD		2013-12-26	2015-03-02
	2. QUALCOMM CORP.		2010-04-26	2015-03-03
	14. QUALCOMM CORP.		2010-04-26	2015-03-04
	9. QUALCOMM CORP.		2010-04-26	2015-03-05
	20. QUALCOMM CORP.		2010-02-25	2015-03-06
	3. WHOLE FOODS MARKET INC		2013-10-08	2015-03-09
	5. WHOLE FOODS MARKET INC		2013-10-08	2015-03-10
	3. WHOLE FOODS MARKET INC		2013-10-01	2015-03-10
	1. WHOLE FOODS MARKET INC		2013-10-07	2015-03-11
	5. WHOLE FOODS MARKET INC		2013-09-30	2015-03-11
	7. GILEAD SCIENCES INC.		2015-03-02	2015-03-12
	9. WHOLE FOODS MARKET INC		2015-03-02	2015-03-12
	1. WHOLE FOODS MARKET INC		2013-09-28	2015-03-12
	7. WHOLE FOODS MARKET INC		2015-03-02	2015-03-13
	1. GILEAD SCIENCES INC.		2015-03-02	2015-03-16
	1. GILEAD SCIENCES INC.		2015-03-02	2015-03-17
	509.684 BROWN ADVISORY EMG MKTS-INS		2012-12-27	2015-03-18
	2752.294 BROWN ADVISORY EMG MKTS-INS		2014-06-03	2015-03-18
	1. GILEAD SCIENCES INC.		2015-03-02	2015-03-18
	950. ISHARES RUSSELL 1000 VALUE INDEX FD		2013-12-26	2015-03-18
	1660. ISHARES RUSSELL 1000 VALUE INDEX FD		2013-08-06	2015-03-18
	4. GENPACT LTD USD 0.001		2015-03-02	2015-03-18
	2. GILEAD SCIENCES INC.		2015-03-02	2015-03-19
	2. SCHLUMBERGER LTD.		2014-11-28	2015-03-19
	9. SCHLUMBERGER LTD.		2015-03-02	2015-03-19
	2. SCHLUMBERGER LTD.		2014-11-28	2015-03-19
	3. GENPACT LTD USD 0.001		2015-03-02	2015-03-19
	4. GILEAD SCIENCES INC.		2015-03-02	2015-03-20
	12. SCHLUMBERGER LTD.		2015-03-02	2015-03-20
	5. GENPACT LTD USD 0.001		2015-03-02	2015-03-20
	3. GENPACT LTD USD 0.001		2015-03-02	2015-03-23
	3. GOOGLE INC CL A		2015-03-02	2015-03-24
	3. GOOGLE INC		2015-03-02	2015-03-24
	2. GENPACT LTD USD 0.001		2015-03-02	2015-03-30
	11. EXPRESS SCRIPTS HLDG CO		2015-03-02	2015-04-09
	3. GENPACT LTD USD 0.001		2015-03-02	2015-04-10
	1. GENPACT LTD USD 0.001		2015-03-02	2015-04-13
	1. GENPACT LTD USD 0.001		2015-03-02	2015-04-16
	1. GENPACT LTD USD 0.001		2015-03-02	2015-04-20
	4. GENPACT LTD USD 0.001		2015-03-02	2015-04-22
	22. CHARLES SCHWAB CORP.		2015-03-02	2015-04-23
	3. GENPACT LTD USD 0.001		2015-03-02	2015-04-23
	1. GENPACT LTD USD 0.001		2015-03-02	2015-04-29
	2207.506 BROWN ADVISORY EQUITY INCOME INV		2014-12-30	2015-05-01
	281.687 BROWN ADV SMALL-CAP GROWTH-I		2013-12-13	2015-05-01
	288.764 BROWN ADV SMALL-CAP GROWTH-I		2015-03-19	2015-05-01
	276.549 HARBOR FUND INTERNATL FD		2012-05-01	2015-05-01
	3. DAVITA INC		2015-03-02	2015-05-06
	8. EXPRESS SCRIPTS HLDG CO		2015-03-02	2015-05-06
	5. GILEAD SCIENCES INC.		2015-03-02	2015-05-06
	6. DAVITA INC		2015-03-02	2015-05-07
	9. EXPRESS SCRIPTS HLDG CO		2015-03-02	2015-05-07
	4. GILEAD SCIENCES INC.		2015-03-02	2015-05-07
	.0329 GOOGLE INC		2015-03-02	2015-05-07
	3. DAVITA INC		2015-03-02	2015-05-08
	1. GILEAD SCIENCES INC.		2013-11-22	2015-05-08
	6. GILEAD SCIENCES INC.		2015-03-02	2015-05-08
	3. GENPACT LTD USD 0.001		2015-03-02	2015-05-08
	1. DAVITA INC		2015-03-02	2015-05-11
	9. DAVITA INC		2015-03-02	2015-05-14
	2. GENPACT LTD USD 0.001		2015-03-02	2015-05-14
	10. CHARLES SCHWAB CORP.		2015-03-02	2015-05-19
	2. VISA INC		2015-03-02	2015-05-19
	6. CHARLES SCHWAB CORP.		2015-03-02	2015-05-20
	3. VISA INC		2015-03-02	2015-05-20
	296.54 HARBOR FUND INTERNATL FD		2011-12-21	2015-05-27
	8. CHARLES SCHWAB CORP.		2015-03-02	2015-05-27
	10. CHARLES SCHWAB CORP.		2015-03-02	2015-05-28
	2. INTUITIVE SURGICAL INC		2015-03-02	2015-06-01
	4. APPLE COMPUTER INC.		2015-03-02	2015-06-10
	7. GILEAD SCIENCES INC.		2013-12-02	2015-06-10
	6. VISA INC		2015-03-02	2015-06-10
	2. VISA INC		2015-03-02	2015-06-11
	13. WHOLE FOODS MARKET INC		2015-03-02	2015-06-15
	13. WHOLE FOODS MARKET INC		2015-03-02	2015-06-16
	9. WHOLE FOODS MARKET INC		2015-03-02	2015-06-17
	6. VISA INC		2015-03-02	2015-06-18
	7. WHOLE FOODS MARKET INC		2015-03-02	2015-06-18
	4. WHOLE FOODS MARKET INC		2015-03-02	2015-06-19
	6. WHOLE FOODS MARKET INC		2014-01-16	2015-06-22
	8. WHOLE FOODS MARKET INC		2015-03-02	2015-06-22
	4. WHOLE FOODS MARKET INC		2014-01-13	2015-06-24
	5. WHOLE FOODS MARKET INC		2014-01-17	2015-06-25
	9. SALESFORCE COM INC		2015-03-02	2015-07-07
	4. SALESFORCE COM INC		2015-03-02	2015-07-08
	1049.318 BROWN ADVISORY EMG MKTS-INS		2014-06-03	2015-07-09
	606.98 BROWN ADVISORY EQUITY INCOME INV		2015-01-08	2015-07-09
	758.725 BROWN ADVISORY EQUITY INCOME INV		2014-12-30	2015-07-09
	4. ESTEE LAUDER COMPANIES CL A		2015-03-02	2015-07-15
	5. WHOLE FOODS MARKET INC		2014-02-19	2015-07-15
	4. ESTEE LAUDER COMPANIES CL A		2015-03-02	2015-07-16
	9. WHOLE FOODS MARKET INC		2014-02-18	2015-07-16
	8. SCHLUMBERGER LTD.		2015-03-02	2015-07-17
	6. SCHLUMBERGER LTD.		2015-03-02	2015-07-20
	2. SCHLUMBERGER LTD.		2003-08-11	2015-07-20
	5. SCHLUMBERGER LTD.		2003-08-11	2015-07-21
	20. SCHLUMBERGER LTD.		2003-08-11	2015-07-22
	. PROCEEDS FROM SECURITIES LITIGATION			2015-07-23
	3. AMAZON.COM INC		2015-06-17	2015-07-27
	11. SCHLUMBERGER LTD.		2003-08-11	2015-07-28
	5. SCHLUMBERGER LTD.		2003-08-11	2015-07-29
	2. SCHLUMBERGER LTD.		2003-08-11	2015-08-03
	7. SCHLUMBERGER LTD.		2003-08-11	2015-08-04
	8. SCHLUMBERGER LTD.		2003-08-11	2015-08-05
	21. SCHLUMBERGER LTD.		2003-08-11	2015-08-06
	2. SCHLUMBERGER LTD.		2003-08-11	2015-08-07
	23. SCHLUMBERGER LTD.		2003-08-11	2015-08-10
	118. WHOLE FOODS MARKET INC		2014-02-13	2015-08-19
	12. EXPRESS SCRIPTS HLDG CO		2015-03-02	2015-08-24
	47. GILEAD SCIENCES INC.		2013-12-02	2015-08-24
	2. AMAZON.COM INC		2015-03-02	2015-08-25
	25.707 BROWN ADVISORY EQUITY INCOME INV		2012-09-28	2015-08-25
	1629.922 BROWN ADVISORY EQUITY INCOME INV		2015-01-08	2015-08-25
	5. GILEAD SCIENCES INC.		2013-11-20	2015-08-27
	11. WHOLE FOODS MARKET INC		2013-05-02	2015-08-27
	3. GILEAD SCIENCES INC.		2013-11-20	2015-08-28
	3. GILEAD SCIENCES INC.		2013-11-20	2015-08-31
	10. WHOLE FOODS MARKET INC		2013-05-02	2015-08-31
	7. GILEAD SCIENCES INC.		2013-12-12	2015-09-01
	12. WHOLE FOODS MARKET INC		2013-05-01	2015-09-01
	12. GILEAD SCIENCES INC.		2013-12-12	2015-09-02
	13. WHOLE FOODS MARKET INC		2013-05-01	2015-09-02
	13. GILEAD SCIENCES INC.		2013-11-14	2015-09-03
	3. WHOLE FOODS MARKET INC		2014-10-31	2015-09-03
	4. WHOLE FOODS MARKET INC		2013-04-30	2015-09-03
	3. WHOLE FOODS MARKET INC		2014-05-07	2015-09-08
	11. WHOLE FOODS MARKET INC		2014-10-31	2015-09-08
	9. WHOLE FOODS MARKET INC		2014-05-07	2015-09-09
	12. WHOLE FOODS MARKET INC		2014-05-07	2015-09-09
	12. CHARLES SCHWAB CORP.		2015-08-27	2015-09-23
	1. AMAZON.COM INC		2015-08-27	2015-09-24
	23. CHARLES SCHWAB CORP.		2015-08-27	2015-09-25
	1488.095 BROWN ADV EMG SMALL CAP INS		2015-07-09	2015-09-29
	597.372 BROWN ADVISORY EMG MKTS-INS		2012-12-27	2015-09-29
	2389.486 BROWN ADVISORY EMG MKTS-INS		2014-06-03	2015-09-29
	413.565 BROWN ADVISORY EQUITY INCOME INV		2012-09-28	2015-09-29
	1240.695 BROWN ADVISORY EQUITY INCOME INV		2014-12-30	2015-09-29
	144.572 BROWN ADV SMALL-CAP GROWTH-I		2014-12-23	2015-09-29
	165.217 BROWN ADV SMALL-CAP GROWTH-I		2007-12-12	2015-09-29
	619.579 BROWN ADV SMALL-CAP GROWTH-I		2015-03-19	2015-09-29
	140.369 HARBOR FUND INTERNATL FD		2011-12-21	2015-09-29
	6. APPLE COMPUTER INC.		2015-03-02	2015-10-06
	7757.694 BROWN ADVISORY EQUITY INCOME INV		2012-12-12	2015-10-06
	73.245 BROWN ADVISORY EQUITY INCOME INV		2014-12-30	2015-10-06
	22084.627 BROWN ADVISORY EQUITY INCOME INV		2013-12-13	2015-10-06
	1. STERICYCLE INC		2015-08-27	2015-10-06
	5. DANAHER CORP		2015-08-27	2015-10-07
	3. STERICYCLE INC		2015-08-27	2015-10-07
	4. DANAHER CORP		2015-08-27	2015-10-08
	4. STERICYCLE INC		2015-08-27	2015-10-08
	. PROCEEDS FROM SECURITIES LITIGATION			2015-10-09
	. PROCEEDS FROM SECURITIES LITIGATION			2015-10-09
	11. STARBUCKS CORP.		2015-08-27	2015-10-13
	10. STARBUCKS CORP.		2015-08-27	2015-10-14
	2944.098 NEUBERGER BERMAN LONG SH-INS		2014-03-05	2015-10-21
	21.787 NEUBERGER BERMAN LONG SH-INS		2014-12-19	2015-10-21
	2. AMAZON.COM INC		2015-08-27	2015-10-27
	563.082 HARBOR FUND INTERNATL FD		2012-05-01	2015-10-27
	214.316 BROWN ADVISORY-S/C FND VAL-I		2015-03-19	2015-10-28
	740.741 BROWN ADV SMALL-CAP GROWTH-I		2011-12-08	2015-10-28
	4. FASTENAL CO		2014-03-14	2015-10-28
	3. FASTENAL CO		2014-03-13	2015-10-29
	5. FASTENAL CO		2014-03-14	2015-10-29
	2. AMAZON.COM INC		2015-03-02	2015-10-30
	4. FASTENAL CO		2014-03-03	2015-10-30
	6. FASTENAL CO		2014-03-13	2015-10-30
	19. STARBUCKS CORP.		2015-08-27	2015-10-30
	8. FASTENAL CO		2014-02-27	2015-11-02
	5. FASTENAL CO		2014-03-03	2015-11-02
	16. CHARLES SCHWAB CORP.		2015-08-27	2015-11-03
	13. CHARLES SCHWAB CORP.		2015-03-02	2015-11-04
	41. CHARLES SCHWAB CORP.		2015-03-02	2015-11-05
	12. CHARLES SCHWAB CORP.		2015-03-02	2015-11-05
	1. COLFAX CORP		2014-12-23	2015-11-12
	2. COLFAX CORP		2014-12-29	2015-11-13
	7. COLFAX CORP		2015-03-02	2015-11-16
	5. COLFAX CORP		2015-03-02	2015-11-18
	6. COLFAX CORP		2015-03-02	2015-11-19
	23. COLFAX CORP		2015-03-02	2015-11-20
	1. COLFAX CORP		2015-03-04	2015-11-23
	6. COLFAX CORP		2015-03-04	2015-11-24
	1. COLFAX CORP		2015-03-04	2015-11-25
	7. COLFAX CORP		2015-05-22	2015-11-30
	759.756 FPA FDS TR		2014-07-01	2015-11-30
	23.34 FPA FDS TR		2015-07-01	2015-11-30
	4. COLFAX CORP		2015-05-27	2015-12-01
	4. COLFAX CORP		2015-05-27	2015-12-02
	8. COLFAX CORP		2015-03-10	2015-12-03
	1. COLFAX CORP		2014-12-18	2015-12-04
	4. COLFAX CORP		2015-01-06	2015-12-14
	2. AMAZON.COM INC		2015-03-02	2015-12-15
	1. COLFAX CORP		2015-01-06	2015-12-15
	13. COLFAX CORP		2015-01-06	2015-12-16
	1. COLFAX CORP		2014-12-16	2015-12-17
	9. DAVITA INC		2015-08-27	2015-12-17
	9. EXPRESS SCRIPTS HLDG CO		2015-03-05	2015-12-17
	2. FMC TECHNOLOGIES INC		2014-09-29	2015-12-17
	1. COLFAX CORP		2014-12-16	2015-12-18
	2. COLFAX CORP		2014-12-16	2015-12-18
	7. FMC TECHNOLOGIES INC		2014-09-29	2015-12-18
	3. COLFAX CORP		2014-12-15	2015-12-21
	7. COLFAX CORP		2015-03-25	2015-12-21
	11. FMC TECHNOLOGIES INC		2014-09-29	2015-12-21
	1. INTUITIVE SURGICAL INC		2015-08-27	2015-12-21
	10. APPLE COMPUTER INC.		2015-03-02	2015-12-22
	12. COLFAX CORP		2015-03-25	2015-12-22
	6. FMC TECHNOLOGIES INC		2014-02-20	2015-12-22
	2. INTUITIVE SURGICAL INC		2015-08-27	2015-12-22
	2. COLFAX CORP		2015-01-09	2015-12-23
	6. COLFAX CORP		2015-03-26	2015-12-23
	3. COLFAX CORP		2014-12-12	2015-12-23
	4. FMC TECHNOLOGIES INC		2015-03-02	2015-12-23
	12. FMC TECHNOLOGIES INC		2014-01-29	2015-12-23
	5402.877 NEUBERGER BERMAN LONG SH-INS		2014-12-19	2015-12-24
	3. COLFAX CORP		2015-04-08	2015-12-29
	4. FMC TECHNOLOGIES INC		2015-03-02	2015-12-29
	10. COLFAX CORP		2015-04-08	2015-12-30
	6. COLFAX CORP		2014-12-17	2015-12-30
	6. FMC TECHNOLOGIES INC		2015-03-02	2015-12-30
	4139.073 BROWN ADVISORY EQUITY INCOME INV		2014-12-30	2015-12-31
	2. COLFAX CORP		2015-02-10	2015-12-31
	1. FURNISHINGS AT LONG BRANCH FARM		2012-01-01	2015-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	110	79	31
b	666	369	297
c	741	410	331
d	209	79	130
e	107	79	28
	514	287	227
	315	118	197
	105	79	26
	370	205	165
	20,533	9,519	11,014
	4,468	4,523	-55
	211	79	132
	29,735	31,188	-1,453
	415	428	-13
	483	498	-15
	34,610	36,397	-1,787
	209	158	51
	509	374	135
	713	528	185
	597	328	269
	318	118	200
	310	237	73
	106	39	67
	106	39	67
	212	79	133
	509	722	-213
	174	250	-76
	203	325	-122
	318	118	200
	59	84	-25
	86	124	-38
	100	160	-60
	2,247	3,123	-876
	371	535	-164
	600	953	-353
	56	82	-26
	98	79	19
	307	301	6
	171	246	-75
	198	151	47
	529	501	28
	20,186	15,462	4,724
	4,814	4,880	-66
	13,478	12,002	1,476
	61,522	61,129	393
	231	328	-97
	402	302	100
	502	287	215
	107	100	7
	144	204	-60
	574	807	-233
	117	159	-42
	297	226	71
	1,159	655	504
	108	100	8
	1,159	1,553	-394
	200	151	49
	108	100	8
	704	69	635
	101	100	1
	302	226	76
	991	1,103	-112
	1,053	1,354	-301
	556	601	-45
	491	377	114
	484	496	-12
	639	236	403
	795	478	317
	525	492	33
	427	157	270
	356	183	173
	802	635	167
	315	295	20
	213	79	134
	648	587	61
	213	79	134
	270	398	-128
	106	39	67
	233	303	-70
	194	282	-88
	202	115	87
	213	79	134
	310	396	-86
	698	382	316
	214	79	135
	107	39	68
	107	39	68
	424	228	196
	441	426	15
	855	313	542
	283	152	131
	283	152	131
	16,000	10,548	5,452
	20,000	15,367	4,633
	5,237	4,927	310
	2,763	2,796	-33
	14,207	12,647	1,560
	60,512	53,650	6,862
	143	76	67
	992	532	460
	639	339	300
	1,422	737	685
	167	179	-12
	273	297	-24
	164	180	-16
	54	59	-5
	271	305	-34
	698	724	-26
	491	506	-15
	55	61	-6
	380	393	-13
	101	103	-2
	101	103	-2
	5,000	5,148	-148
	27,000	27,936	-936
	100	103	-3
	99,354	83,474	15,880
	173,608	143,843	29,765
	95	90	5
	203	207	-4
	162	170	-8
	730	757	-27
	162	170	-8
	71	68	3
	409	414	-5
	987	1,009	-22
	119	113	6
	71	68	3
	1,732	1,694	38
	1,710	1,681	29
	47	45	2
	969	931	38
	68	68
	23	23
	23	23
	22	23	-1
	90	90
	673	654	19
	67	68	-1
	22	23	-1
	30,000	29,890	110
	4,938	5,017	-79
	5,062	5,128	-66
	20,000	16,468	3,532
	244	225	19
	672	677	-5
	513	517	-4
	491	450	41
	757	762	-5
	404	414	-10
	17	18	-1
	247	225	22
	103	75	28
	620	621	-1
	69	68	1
	82	75	7
	735	675	60
	46	45	1
	317	297	20
	140	138	2
	191	178	13
	210	207	3
	21,600	15,322	6,278
	254	238	16
	319	297	22
	1,009	1,004	5
	515	517	-2
	816	522	294
	417	414	3
	140	138	2
	523	730	-207
	530	730	-200
	368	506	-138
	417	414	3
	288	393	-105
	164	225	-61
	248	317	-69
	331	449	-118
	164	210	-46
	205	262	-57
	629	610	19
	278	271	7
	10,000	10,651	-651
	8,000	8,207	-207
	10,000	10,273	-273
	359	330	29
	207	260	-53
	359	330	29
	375	463	-88
	672	689	-17
	504	505	-1
	168	47	121
	421	117	304
	1,704	468	1,236
	60		60
	1,598	1,284	314
	903	257	646
	419	117	302
	165	47	118
	576	164	412
	662	187	475
	1,749	492	1,257
	166	47	119
	1,935	538	1,397
	3,809	5,482	-1,673
	988	1,016	-28
	4,905	3,414	1,491
	964	768	196
	311	282	29
	19,689	21,988	-2,299
	539	356	183
	365	496	-131
	322	213	109
	317	213	104
	328	447	-119
	720	497	223
	387	535	-148
	1,230	837	393
	419	576	-157
	1,341	886	455
	97	118	-21
	130	176	-46
	97	115	-18
	357	430	-73
	294	345	-51
	388	460	-72
	342	365	-23
	534	518	16
	655	700	-45
	15,000	16,518	-1,518
	5,000	6,135	-1,135
	20,000	24,253	-4,253
	5,000	4,541	459
	15,000	16,799	-1,799
	2,333	2,394	-61
	2,667	2,204	463
	10,000	10,589	-589
	8,348	7,253	1,095
	669	776	-107
	97,592	84,511	13,081
	921	992	-71
	277,825	245,104	32,721
	143	141	2
	441	443	-2
	433	423	10
	354	354
	580	565	15
	35		35
	44		44
	663	616	47
	592	560	32
	37,302	37,527	-225
	276	282	-6
	1,223	1,036	187
	36,747	33,532	3,215
	5,000	5,165	-165
	13,000	8,160	4,840
	156	194	-38
	117	145	-28
	195	242	-47
	1,256	768	488
	157	185	-28
	235	282	-47
	1,192	938	254
	314	371	-57
	196	232	-36
	506	480	26
	411	386	25
	1,296	1,218	78
	379	357	22
	27	27
	53	108	-55
	186	367	-181
	131	262	-131
	159	315	-156
	621	1,206	-585
	27	52	-25
	163	312	-149
	27	52	-25
	190	362	-172
	25,482	21,705	3,777
	783	791	-8
	108	205	-97
	109	203	-94
	215	396	-181
	28	49	-21
	95	194	-99
	1,329	768	561
	23	48	-25
	307	629	-322
	24	48	-24
	614	693	-79
	783	787	-4
	59	116	-57
	22	48	-26
	44	97	-53
	200	403	-203
	67	144	-77
	155	335	-180
	315	578	-263
	536	512	24
	1,072	1,294	-222
	271	572	-301
	174	301	-127
	1,082	1,014	68
	48	95	-47
	141	284	-143
	71	142	-71
	118	158	-40
	354	589	-235
	67,536	69,432	-1,896
	70	141	-71
	117	158	-41
	235	467	-232
	141	279	-138
	175	237	-62
	50,000	56,043	-6,043
	47	92	-45
	64,975		64,975
			50,598

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			31
b			297
c			331
d			130
e			28
			227
			197
			26
			165
			11,014
			-55
			132
			-1,453
			-13
			-15
			-1,787
			51
			135
			185
			269
			200
			73
			67
			67
			133
			-213
			-76
			-122
			200
			-25
			-38
			-60
			-876
			-164
			-353
			-26
			19
			6
			-75
			47
			28
			4,724
			-66
			1,476
			393
			-97
			100
			215
			7
			-60
			-233
			-42
			71
			504
			8
			-394
			49
			8
			635
			1
			76
			-112
			-301
			-45
			114
			-12
			403
			317
			33
			270
			173
			167
			20
			134
			61
			134
			-128
			67
			-70
			-88
			87
			134
			-86
			316
			135
			68
			68
			196
			15
			542
			131
			131
			5,452
			4,633
			310
			-33
			1,560
			6,862
			67
			460
			300
			685
			-12
			-24
			-16
			-5
			-34
			-26
			-15
			-6
			-13
			-2
			-2
			-148
			-936
			-3
			15,880
			29,765
			5
			-4
			-8
			-27
			-8
			3
			-5
			-22
			6
			3
			38
			29
			2
			38



			-1

			19
			-1
			-1
			110
			-79
			-66
			3,532
			19
			-5
			-4
			41
			-5
			-10
			-1
			22
			28
			-1
			1
			7
			60
			1
			20
			2
			13
			3
			6,278
			16
			22
			5
			-2
			294
			3
			2
			-207
			-200
			-138
			3
			-105
			-61
			-69
			-118
			-46
			-57
			19
			7
			-651
			-207
			-273
			29
			-53
			29
			-88
			-17
			-1
			121
			304
			1,236
			60
			314
			646
			302
			118
			412
			475
			1,257
			119
			1,397
			-1,673
			-28
			1,491
			196
			29
			-2,299
			183
			-131
			109
			104
			-119
			223
			-148
			393
			-157
			455
			-21
			-46
			-18
			-73
			-51
			-72
			-23
			16
			-45
			-1,518
			-1,135
			-4,253
			459
			-1,799
			-61
			463
			-589
			1,095
			-107
			13,081
			-71
			32,721
			2
			-2
			10

			15
			35
			44
			47
			32
			-225
			-6
			187
			3,215
			-165
			4,840
			-38
			-28
			-47
			488
			-28
			-47
			254
			-57
			-36
			26
			25
			78
			22

			-55
			-181
			-131
			-156
			-585
			-25
			-149
			-25
			-172
			3,777
			-8
			-97
			-94
			-181
			-21
			-99
			561
			-25
			-322
			-24
			-79
			-4
			-57
			-26
			-53
			-203
			-77
			-180
			-263
			24
			-222
			-301
			-127
			68
			-47
			-143
			-71
			-40
			-235
			-1,896
			-71
			-41
			-232
			-138
			-62
			-6,043
			-45
			64,975

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	251,380
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 ...................		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? Yes No

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	107,848	3,268,233	0.032999
2013	10,365	2,527,618	0.004101
2012	93,813	2,327,248	0.040311
2011	401,234	2,472,134	0.162303
2010	346,326	2,552,360	0.135689

Total of line 1, column (d) .....................

20.375403

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 . . .

0.075081

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

3,304,935

Multiply line 4 by line 3......................

248,138

Enter 1% of net investment income (1% of Part I, line 27b)...........

2,764

Add lines 5 and 6........................

250,902

Enter qualifying distributions from Part XII, line 4.............

207,832

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	5,529
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	5,529
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	5,529
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	2,000
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	4,879
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	6,879
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	103
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,247
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax1,247	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

BROWN INV ADVISORY Telephone no. bullet

(410) 537-5484

Located at bullet

901 S BOND STREET SUITE 400BALTIMOREMD ZIP+4 bullet

21231

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
MICHAEL D HANKIN	TRUSTEE 1	0
901 SOUTH BOND ST BALTIMORE,MD21231	TRUSTEE 1	0
STANARD T KLINEFELTER	TRUSTEE 1	0
901 SOUTH BOND ST BALTIMORE,MD21231	TRUSTEE 1	0
ANDRE W BREWSTER	TRUSTEE 1	0
6225 SMITH AVENUE BALTIMORE,MD21209	TRUSTEE 1	0

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...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
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	HISTORIC LONG BRANCH FARM AND MUSEUM 830 LONG BRANCH LANE MILLWOOD, VA 22646	9,167
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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,200,637

Average of monthly cash balances.......................

154,627

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

3,355,264

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

3,355,264

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

50,329

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

3,304,935

Minimum investment return. Enter 5% of line 5..................

165,247

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2015 from Part VI, line 5......

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

207,832

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

207,832

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

207,832

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)

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.......			0
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $
a Applied to 2014, but not more than line 2a			0
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2015 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........				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) .......	0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....

Form 990-PF (2015)

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

1991-07-24

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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	(e) Total
	0	3,368	11,355	9,972	24,695
b 85% of line 2a .........		2,863	9,652	8,476	20,991
c Qualifying distributions from Part XII, line 4 for each year listed .....	207,832	107,848	10,365	93,813	419,858
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 ....	207,832	107,848	10,365	93,813	419,858
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	3,220,202	3,414,810	2,837,415	2,387,415	11,859,842
(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...	110,165	108,941	84,254	77,575	380,935
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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
HISTORIC LONG BRANCH 830 LONG BRANCH LANE MILLWOOD,VA22646	NONE	PUBLIC CHARITY	GARDENS UPKEEP	198,405
Total ................................. 3a				198,405

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	46,720
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	251,380
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)..				298,100

13Total. Add line 12, columns (b), (d), and (e)..................

13298,100

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	288,874	432,212
EQUITY MUTUAL FUNDS	1,723,322	1,854,109
EQUITY PARTNERSHIPS	175,000	163,686
FOREIGN STOCK	21,485	24,877

Category	Amount	Net Investment Income
FOREIGN TAXES	4	4
FEDERAL EXCISE TAX	10,778	0
QUARTERLY TAX DEPOSIT	2,000	0
FOREIGN TAXES ON QUALIFIED FOR	575	575
FOREIGN TAXES ON NONQUALIFIED	171	171