Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
The Memton Fund Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

13-6096608
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$12,132,249J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 1,152 1,152  
4 Dividends and interest from securities... 158,351 158,351  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 436,060
b Gross sales price for all assets on line 6a 3,508,725
7 Capital gain net income (from Part IV, line 2)... 436,060
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 10,576 24,260  
12 Total. Add lines 1 through 11........ 606,139 619,823  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 6,451     6,451
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,600 2,400 0 5,200
c Other professional fees (attach schedule).... Click to see attachment 61,064 61,064    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,853 1,103    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 11,473     11,473
22 Printing and publications.......... 300     300
23 Other expenses (attach schedule)....... Click to see attachment 72,723 31,506   41,159
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 167,464 96,073 0 64,583
25 Contributions, gifts, grants paid....... 555,400 555,400
26 Total expenses and disbursements. Add lines 24 and 25 722,864 96,073 0 619,983
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -116,725
b Net investment income (if negative, enter -0-) 523,750
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 453,934 990,752 990,752
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   207,744    
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) bullet200,000
Less: allowance for doubtful accounts bullet   0 Click to see attachment200,000 200,000
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)....... 5,696,893 Click to see attachment5,468,291 6,331,180
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,710,932 Click to see attachment3,293,735 4,610,317
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) 10,069,503 9,952,778 12,132,249
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 10,069,503 9,952,778
30 Total net assets or fund balances (see instructions)..... 10,069,503 9,952,778
31 Total liabilities and net assets/fund balances (see instructions). 10,069,503 9,952,778
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
10,069,503
2
Enter amount from Part I, line 27a .....................
2
-116,725
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
9,952,778
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
9,952,778
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain      
c HARBERT VALUE OFFSHORE FUND, LTD CL C P   2015-01-01
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,984,870   2,584,327 400,543
b       -12,646
c 523,855   475,692 48,163
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       400,543
b        
c       48,163
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 2 436,060
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 644,912 12,966,666 0.049736
2013 562,649 12,607,519 0.044628
2012 428,956 11,426,180 0.037542
2011 405,959 11,503,073 0.035291
2010 423,076 11,275,005 0.037523
2
Total of line 1, column (d) .....................
20.20472
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
0.040944
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
12,573,341
5
Multiply line 4 by line 3......................
5
514,803
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,238
7
Add lines 5 and 6........................
7
520,041
8
Enter qualifying distributions from Part XII, line 4.............
8
619,983
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 5,238
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 5,238
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,238
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 9,324
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,324
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,086
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,086 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)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Frank B ArismanClick to see attachment Dir / Assistant Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Elenita M DrumwrightClick to see attachment Dir Emeritus
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Elizabeth DrumwrightClick to see attachment VP / Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Robert V EdgarClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    E 'Shepi' Shepard FarrarClick to see attachment VP / Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Ellen W LevyClick to see attachment VP* / Dir / Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Samuel 'Toma' Thomas MilbankClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Samuel L 'Tony' MilbankClick to see attachment Dir / Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Thomas L MilbankClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Karen QuackenbushClick to see attachment Pres* / Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Pamela WhiteClick to see attachment Pres / Dir / Sec*
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Fiduciary Trust Co International Investment Mgmt 61,064
    600 Fifth Avenue
    NEW YORK,NY10020
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    7,154,200
    b
    Average of monthly cash balances.......................
    1b
    950,997
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,659,616
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,764,813
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,764,813
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    191,472
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,573,341
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    628,667
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    628,667
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    5,238
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,238
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    623,429
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    623,429
    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
    623,429
    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
    619,983
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    619,983
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    5,238
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    614,745
    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 7 623,429
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 598,717
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 619,983
    a Applied to 2014, but not more than line 2a 598,717
    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..... 21,266
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		602,163
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015.... 0
    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).)
    NONE
    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
    ALASKA CONSERVATION FOUNDATION
    911 W 8TH AVE STE 300
    ANCHORAGE,AK99501     		N/A PC General & Unrestricted 7,000
    ALIMA USA INC
    70 E 96TH ST APT 16B
    NEW YORK,NY10128     		N/A PC General & Unrestricted 5,000
    AMERICAN CAVE CONSERVATION ASSOCIATION
    PO BOX 409
    HORSE CAVE,KY42749     		N/A PC General & Unrestricted 5,000
    AMERICAN COLLEGE OF SPORTS MEDICINE
    PO BOX 1440
    INDIANAPOLIS,IN46206     		N/A PC General & Unrestricted 2,000
    AMERICAN INDIA FOUNDATION
    216 E 45TH ST FL 7
    NEW YORK,NY10017     		N/A PC General & Unrestricted 1,000
    ANIMAL WELFARE LEAGUE OF ARLINGTON VA INCORPORATED
    2650 S ARLINGTON MILL DR
    ARLINGTON,VA22206     		N/A PC General & Unrestricted 1,500
    APPLE HILL CENTER FOR CHAMBER MUSIC INC
    PO BOX 217
    SULLIVAN,NH03445     		N/A PC General & Unrestricted 2,500
    ARTS HABITAT
    PO BOX 221487
    CARMEL,CA93922     		N/A PC General & Unrestricted 5,000
    BARNARD COLLEGE
    3009 BROADWAY
    NEW YORK,NY10027     		N/A PC Student Courses at ICP Program 4,000
    BEAM CENTER INC
    60 SACKETT ST
    BROOKLYN,NY11231     		N/A PC Arts in Parts Program 3,000
    BEST FRIENDS ANIMAL SOCIETY
    5001 ANGEL CANYON RD
    KANAB,UT84741     		N/A PC Best Friends Animal Society's Kids camp 5,000
    BEST FRIENDS ANIMAL SOCIETY
    5001 ANGEL CANYON RD
    KANAB,UT84741     		N/A PC Food and care for the Vicktory Dogs 500
    BIG BROTHERS BIG SISTERS OF WESTERN NEW HAMPSHIRE
    310 MARLBORO ST
    KEENE,NH03431     		N/A PC General & Unrestricted 2,000
    BONNEY LAKE HIGH SCHOOL PANTHER PARENT PRIDE
    10920 - 190TH AVE CT E
    BONNEY LAKE,WA98391     		N/A PC General & Unrestricted 5,000
    BROOKS SCHOOL
    1160 GREAT POND RD
    NORTH ANDOVER,MA01845     		N/A PC Alumni Class of 1959 fund 2,500
    BUCKLEY SCHOOL IN THE CITY OF NEW YORK
    113 E 73RD ST
    NEW YORK,NY10021     		N/A PC Centennial Building fund and the Class of 1954 Annual Fund 2,000
    CASCADE PUBLIC MEDIA
    401 MERCER ST
    SEATTLE,WA98109     		N/A PC General & Unrestricted 1,000
    CATHOLIC CHARITIES OF TOMPKINS TIOGA
    324 W BUFFALO ST
    ITHACA,NY14850     		N/A PC General & Unrestricted 5,000
    CHESAPEAKE BAY FOUNDATION INC
    6 HERNDON AVE
    ANNAPOLIS,MD21403     		N/A PC Environmental Education program in Maryland 8,000
    CHILDRENS LAW CENTER OF WASHINGTON PS
    9900 WILLOWS RD NE
    REDMOND,WA98052     		N/A PC General & Unrestricted 9,000
    CHIMPS INC
    PO BOX 6973
    BEND,OR97708     		N/A PC General & Unrestricted 1,000
    CITIZENS COMMITTEE TO SAVE OUR CANYONS
    824 S 400 W
    SALT LAKE CITY,UT84101     		N/A PC General & Unrestricted 4,250
    COLORADO COLLEGE
    14 E CACHE LA POUDRE ST
    COLORADO SPRINGS,CO80903     		N/A PC Scholarship Fund 2,000
    COMMUNITY FOUNDATION OF SARASOTA COUNTY INC
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		N/A PC Selah Freedom matching fund 25,000
    COMMUNITY FOUNDATION OF SARASOTA COUNTY INC
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		N/A PC BIG BROTHERS BIG SISTERS OF THE SUN COAST INC 3,000
    COMMUNITY FOUNDATION OF SARASOTA COUNTY INC
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		N/A PC Veteran Build Program 2,500
    COMMUNITY FOUNDATION OF SARASOTA COUNTY INC
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		N/A PC Pack A Sack Program 10,000
    COMMUNITY FOUNDATION OF SARASOTA COUNTY INC
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		N/A PC HONOR SANTUARY INC. 1,000
    COMMUNITY FOUNDATION OF SARASOTA COUNTY INC
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		N/A PC MOTE MARINE LABORATORY 2,500
    COMMUNITY FOUNDATION OF SARASOTA COUNTY INC
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		N/A PC MOTHERS HELPING MOTHERS INC. 5,000
    COMMUNITY FOUNDATION OF SARASOTA COUNTY INC
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		N/A PC Selah Freedom matching fund 5,000
    COMMUNITY FOUNDATION OF SARASOTA COUNTY INC
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		N/A PC WILLIAM MONROE ROWLETT ACADEMY: Family helping Families 8,000
    CORNELL UNIVERSITY - COLLEGE OF VETERINARY MEDICIN
    PO BOX 223623
    PITTSBURGH,PA15251     		N/A PC Acupuncture training 5,500
    COVENANT HOUSE
    460 W 41ST ST
    NEW YORK,NY10036     		N/A PC Educational Program 3,000
    DOCTORS WITHOUT BORDERS USA INC
    333 7TH AVE 2ND FL
    NEW YORK,NY10001     		N/A PC General & Unrestricted 24,000
    EASTERN UNIVERSITY
    1300 EAGLE RD
    ST DAVIDS,PA19087     		N/A PC General & Unrestricted 10,000
    ELECTRIC EARTH CONCERTS
    PO BOX 44
    PETERBOROUGH,NH03458     		N/A PC General & Unrestricted 3,000
    EXODUS TRANSITIONAL COMMUNITY INC
    2271 3RD AVE
    NEW YORK,NY10035     		N/A PC General & Unrestricted 3,000
    FAMILY SUPPORT CENTER
    1760 W 4805 S
    TAYLORSVILLE,UT84129     		N/A PC Safety Net Program 5,000
    FARMSTEADS OF NEW ENGLAND INC
    213 CENTER RD
    HILLSBOROUGH,NH03244     		N/A PC General & Unrestricted 2,000
    FRED HUTCHINSON CANCER RESEARCH CENTER
    PO BOX 19024 J5-200
    SEATTLE,WA98109     		N/A PC General & Unrestricted 2,000
    FRIENDS OF THE ORPHEUM SOCIETY
    PO BOX 379
    TANNERSVILLE,NY12485     		N/A PC General & Unrestricted 3,000
    GAME OF VILLAGE INC
    PO BOX 323
    KEENE,NH03431     		N/A PC General & Unrestricted 650
    GARDEN HARVEST INC
    14045 MANTUA MILL RD
    GLYNDON,MD21136     		N/A PC General & Unrestricted 10,000
    GEORGETOWN COLLEGE
    400 E COLLEGE ST
    GEORGETOWN,KY40324     		N/A PC Edith Monson Scholarship Fund 1,000
    GEORGETOWN COLLEGE
    400 E COLLEGE ST
    GEORGETOWN,KY40324     		N/A PC Edith Monson Scholarship Fund 2,000
    GLOBALGIVING FOUNDATION INC
    1110 VERMONT AVE NW STE 550
    WASHINGTON,DC20005     		N/A PC Centro Conviven's campaign 1,000
    GOOD SAMARITAN FOUNDATION
    PO BOX 5299
    TACOMA,WA98415     		N/A PC Comfort Therapies Program 3,000
    HABITAT FOR HUMANITY INTERNATIONAL INC - FORT WORT
    9333 N NORMANDALE
    FORT WORTH,TX76116     		N/A PC Fort Worth's Trinity Habitat Program 5,000
    HEALTHY ENVIRONMENT ALLIANCE OF UTAH
    824 S 400 W STE B-111
    SALT LAKE CITY,UT84101     		N/A PC General & Unrestricted 4,250
    HISTORIC HARRISVILLE INC
    PO BOX 79
    HARRISVILLE,NH03450     		N/A PC General & Unrestricted 7,500
    HOLDERNESS SCHOOL
    PO BOX 1879
    PLYMOUTH,NH03264     		N/A PC General & Unrestricted 2,000
    HOMES FOR OUR TROOPS INC
    6 MAIN ST
    TAUNTON,MA02780     		N/A PC General & Unrestricted 500
    ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
    ONE GUSTAVE L LEVY PL BOX 1049
    NEW YORK,NY10029     		N/A PC Harlem Healthy Hearts Saving Hearts by Eating Right Program 2,000
    INSTITUTE OF INTERNATIONAL EDUCATION INC
    809 UNITED NATIONS PLZ 6TH FL
    NEW YORK,NY10017     		N/A PC Nepalese student support Program 20,000
    INTERNATIONAL CENTER OF PHOTOGRAPHY
    1114 AVE OF THE AMERICAS
    NEW YORK,NY10036     		N/A PC General & Unrestricted 16,500
    JOURNEYS IN EDUCATION INC
    26 MAIN ST
    PETERBOROUGH,NH03458     		N/A PC General & Unrestricted 7,500
    LEADERSHIP HART COUNTY
    PO BOX 688
    MUNFORDVILLE,KY42765     		N/A PC General & Unrestricted 1,000
    LISTENERS COMMUNITY RADIO OF UTAH INC KRCL-FM
    1971 W N TEMPLE
    SALT LAKE CTY,UT84116     		N/A PC General & Unrestricted 2,500
    LOVE YOUR BRAIN FOUNDATION INC
    PO BOX 4409
    WHITE RIV JCT,VT05001     		N/A PC General & Unrestricted 1,000
    LOVE YOUR BRAIN FOUNDATION INC
    PO BOX 4409
    WHITE RIV JCT,VT05001     		N/A PC Yoga and Meditation Program 5,000
    MANESTAGE THEATRE
    13701 24TH ST E UNIT D4
    SUMNER,WA98390     		N/A PC General & Unrestricted 4,000
    MARYLAND ZOOLOGICAL SOCIETY INC
    1876 MANSION HOUSE DR
    BALTIMORE,MD21217     		N/A PC General & Unrestricted 2,000
    MERCY CORPS
    45 SW ANKENY ST
    PORTLAND,OR97204     		N/A PC Nepal Earthquake Assistance Fund 10,000
    MIDWIFE INTERNATIONAL
    1942 BROADWAY STE 314
    BOULDER,CO80302     		N/A PC General & Unrestricted 1,000
    MISS PORTERS SCHOOL INC
    60 MAIN ST
    FARMINGTON,CT06032     		N/A PC General & Unrestricted 3,000
    MONADNOCK MUSIC
    2A CONCORD ST
    PETERBOROUGH,NH03458     		N/A PC General & Unrestricted 10,000
    MPT FOUNDATION INC
    11767 OWINGS MILLS BLVD
    OWINGS MILLS,MD21117     		N/A PC General & Unrestricted 2,000
    MUSTANG HERITAGE FOUNDATION
    PO BOX 703
    BERTRAM,TX78605     		N/A PC General & Unrestricted 1,000
    NELSON CONGREGATIONAL CHURCH
    830 NELSON RD
    NELSON,NH03457     		N/A PC General & Unrestricted 2,000
    NEW 42ND STREET INC
    229 W 42ND ST 10TH FL
    NEW YORK,NY10036     		N/A PC General & Unrestricted 2,500
    NEW HAMPSHIRE PUBLIC BROADCASTING
    268 MAST RD
    DURHAM,NH03824     		N/A PC General & Unrestricted 1,000
    NEW HAMPSHIRE PUBLIC RADIO INC
    2 PILLSBURY ST STE 600
    CONCORD,NH03301     		N/A PC General & Unrestricted 1,000
    NEW YORK CITY BALLET INC
    20 LINCOLN CENTER PLZ
    NEW YORK,NY10023     		N/A PC Education and Community Program 3,000
    NEW YORK CITY CENTER INC
    130 W 56TH ST FL 9
    NEW YORK,NY10019     		N/A PC General & Unrestricted 2,000
    NEW YORK HARBOR FOUNDATION INC
    10 S ST SLIP 7
    NEW YORK,NY10004     		N/A PC General & Unrestricted 500
    NEW YORK PUBLIC RADIO
    160 VARICK ST
    NEW YORK,NY10013     		N/A PC WNCN - The Greene Space and WQXR Division 1,000
    OLYMPUS AQUATICS
    1917 E 3780 S
    SALT LAKE CTY,UT84106     		N/A PC Scholarship Fund 15,000
    ONTEORA HISTORIC PRESERVATION TRUST INC
    C/O FLANAGAN CO 60 E 42ND ST NO
    NEW YORK,NY10165     		N/A PC General & Unrestricted 2,500
    PACIFIC ISLANDERS IN COMMUNICATIONS
    615 PIIKOI ST STE 1504
    HONOLULU,HI96814     		N/A PC Outreach to Guam, Saipan, Tinian and Rota 2,500
    PACIFIC LUTHERAN UNIVERSITY INC
    12180 PARK AVE S
    TACOMA,WA98447     		N/A PC KPLU Public Radio Program 1,000
    PEARL S BUCK INTERNATIONAL INC
    520 DUBLIN RD
    PERKASIE,PA18944     		N/A PC Philippines Tutorial Program 3,000
    PETERBOROUGH PLAYERS INC
    PO BOX 118
    PETERBOROUGH,NH03458     		N/A PC General & Unrestricted 5,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE - CORPORA
    124 MT AUBURN ST
    CAMBRIDGE,MA02138     		N/A PC Undergraduate Scholarship Fund 1,000
    PRESIDENT AND TRUSTEES OF BATES COLLEGE
    2 ANDREWS RD
    LEWISTON,ME04240     		N/A PC Bates Squash Court Project 2,000
    PROJECT MOST INC
    PO BOX 1486
    EAST HAMPTON,NY11937     		N/A PC General & Unrestricted 2,500
    RECTOR WARDENS VESTRY MEN OF ST BARTHOLOMEWS CHURC
    325 PARK AVE
    NEW YORK,NY10022     		N/A PC General & Unrestricted 10,000
    SALT LAKE ACTING COMPANY
    168 W 500 N
    SALT LAKE CTY,UT84103     		N/A PC General & Unrestricted 7,000
    SALT LAKE ACTING COMPANY
    168 W 500 N
    SALT LAKE CTY,UT84103     		N/A PC Title 1 school play production 20,000
    SALT LAKE FILM SOCIETY
    111 E BROADWAY STE 99
    SALT LAKE CTY,UT84111     		N/A PC General & Unrestricted 1,000
    SOCIETY FOR FRENCH HISTORICAL STUDIES
    800 FLORIDA AVE NE
    WASHINGTON,DC20002     		N/A PC General & Unrestricted 10,000
    TACOMA AREA LITERACY COUNCIL
    PO BOX 7210
    TACOMA,WA98417     		N/A PC General & Unrestricted 3,500
    THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN
    445 5TH AVE
    NEW YORK,NY10016     		N/A PC For the page program 5,000
    THE ROAD HOME
    210 S RIO GRANDE ST
    SALT LAKE CTY,UT84101     		N/A PC General & Unrestricted 7,000
    THE SHIPLEY SCHOOL
    814 YARROW ST
    BRYN MAWR,PA19010     		N/A PC Theater Program 750
    THEATER PROJECT A NJ NONPROFIT CORPORATION
    676 LEXINGTON RD
    UNION,NJ07083     		N/A PC General & Unrestricted 5,000
    TREE OF LIFE FOUNDATION
    PO BOX 778
    PATAGONIA,AZ85624     		N/A PC Ghana Well Construction and Repair Project 3,500
    TRINITY COLLEGE
    300 SUMMIT ST
    HARTFORD,CT06106     		N/A PC Class of 1964 Fund 500
    TRINITY EPISCOPAL SCHOOLS CORPORATION
    139 W 91ST ST
    NEW YORK,NY10024     		N/A PC General & Unrestricted 1,000
    TRUDEAU INSTITUTE INC
    154 ALGONQUIN AVE
    SARANAC LAKE,NY12983     		N/A PC General & Unrestricted 2,500
    TRUSTEES OF DARTMOUTH COLLEGE
    7 LEBANON ST STE 302
    HANOVER,NH03755     		N/A PC Tuck School Class of 1967 Fund 500
    TRUSTEES OF PRINCETON UNIVERSITY
    PRINCETON UNIVERSITY PO BOX 291
    PRINCETON,NJ08544     		N/A PC maintenance and preservation of chapel organ 5,000
    TRUSTEES OF PRINCETON UNIVERSITY
    701 CARNEGIE CTR
    PRINCETON,NJ08540     		N/A PC AGM Scholarships fund 10,000
    TRUSTEES OF THE SMITH COLLEGE
    33 ELM ST
    NORTHAMPTON,MA01063     		N/A PC The Ada Comstock Current Scholarship Fund 5,000
    UNCHAINED TALENT INC
    4026 DEEPWOOD RD
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 5,000
    UNION SETTLEMENT ASSOC
    237 E 104TH ST
    NEW YORK,NY10029     		N/A PC Therapeutic and Recreational Summer Camp 10,000
    UNIVERSITY OF UTAH
    201 PRESIDENTS CIR RM 203
    SALT LAKE CTY,UT84112     		N/A PC KUED Division 5,500
    UNIVERSITY OF UTAH
    201 PRESIDENTS CIR RM 203
    SALT LAKE CTY,UT84112     		N/A PC Pioneer Theater 4,000
    UNIVERSITY OF UTAH - RED BUTTE GARDEN & ARBORETUM
    540 ARAPEEN DR STE 250
    SALT LAKE CITY,UT84108     		N/A PC Interpretive Signage Project 1,000
    UNIVERSITY OF UTAH KUER Radio Division
    ATTN SUSAN KROPF ECCLES BROADCAS
    SALT LAKE CITY,UT84112     		N/A PC General & Unrestricted 5,500
    VERMONT JAZZ CENTER INC
    72 COTTON MILL HILL STE 222
    BRATTLEBORO,VT05301     		N/A PC General & Unrestricted 5,000
    VILLAGE CARE OF NEW YORK INC
    120 BROADWAY STE 2840
    NEW YORK,NY10271     		N/A SO II General & Unrestricted 3,000
    WASATCH HOMELESS HEALTH CARE INC
    409 W 400 S
    SALT LAKE CTY,UT84101     		N/A PC General & Unrestricted 7,000
    WGBH EDUCATIONAL FOUNDATION
    ONE GUEST ST
    BOSTON,MA02135     		N/A PC General & Unrestricted 2,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BLVD
    BRONX,NY10460     		N/A PC General & Unrestricted 2,500
    WMHT EDUCATIONAL TELECOMMUNICATIONS INC
    4 GLOBAL VIEW
    TROY,NY12180     		N/A PC General & Unrestricted 500
    WNET
    825 8TH AVE
    NEW YORK,NY10019     		N/A PC General & Unrestricted 2,500
    WOMENS CITY CLUB OF NEW YORK INC
    110 W 40TH ST STE1002
    NEW YORK,NY10018     		N/A PC Citywide Social Services Resource Guide 15,000
    WOMENS OPPORTUNITIES RESOURCE CENTER
    2010 CHESTNUT ST
    PHILADELPHIA,PA19103     		N/A PC General & Unrestricted 5,000
    YOUR PUBLIC RADIO CORPORATION
    2216 NORTHS CHARLES ST
    BALTIMORE,MD21218     		N/A PC General & Unrestricted 1,000
    YWCA PIERCE COUNTY
    405 BROADWAY
    TACOMA,WA98402     		N/A PC Domestic Violence Legal Support Program 5,000
    Total .................................bullet 3a 555,400
    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 1,152  
    4 Dividends and interest from securities....     14 158,351  
    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 ............     		    18 436,060  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -13,684 14 24,260  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -13,684 619,823  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13606,139
    (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

    TY 2015 AccountingFeesSchedule
    Name:
    The Memton Fund Inc
    EIN:
    13-6096608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOOKKEEPING 7,600 2,400   5,200

    TY 2015 CompensationExplanation
    Name:
    The Memton Fund Inc
    EIN:
    13-6096608
    Person Name Explanation
    Ellen W Levy *REMOVED FROM POSITION in 2015
    Karen Quackenbush *REMOVED FROM POSITION in 2015
    Pamela White *REMOVED FROM POSITION in 2015

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    TY 2015 DepreciationSchedule
    Name:
    The Memton Fund Inc
    EIN:
    13-6096608
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Memton Fund Inc
    EIN:
    13-6096608
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 179,806 196,084
    ALIBABA GROUP HOLDING LIMITED 51,703 54,857
    ALLERGAN PLC 34,940 50,000
    ALPHABET INC CL A (GOOGL) 20,280 58,351
    ALPHABET INC CL C (GOOG) 52,318 102,449
    AMAZON 47,440 128,419
    AMER INTERNATIONAL GROUP INC 35,092 61,970
    AMGEN INC 26,374 48,699
    ANADARKO PETROLEUM CORP 23,679 14,574
    ANHEUSER BUSCH COS INC 30,202 50,000
    AON PLC 40,142 101,431
    APPLE INC 15,850 63,156
    BANK OF AMERICA CORP 43,595 42,075
    BERKLEY W R CP 16,737 35,588
    BERKSHIRE HATHAWAY INC. 155,803 201,361
    BLACKROCK INC 59,073 63,677
    CHUBB CORPORATION 14,862 39,792
    CITIGROUP INC 130,498 151,369
    CONSTELLATION BRANDS INC 6,504 21,366
    CONTINENTAL RESOURCES INC 18,697 9,192
    D R HORTON 31,285 32,030
    DISCOVERY COMMUNICATIONS 23,617 18,676
    DISH NETWORK CORPORATION 68,003 68,616
    DOLLAR TREE INC 15,355 15,444
    ECOLAB INC 33,346 91,504
    EOG RESOURCES INC 44,505 42,474
    GILEAD SCIENCES INC 38,786 50,595
    GOLDMAN SACHS GROUP 19,482 32,802
    HENRY SCHEIN INC 15,260 47,457
    ILLUMINA INC 27,477 32,632
    INTEL CORP 23,286 37,895
    JP MORGAN CHASE 46,653 52,824
    KINDER MORGAN CONVERTABLE PREF 76,529 77,376
    KRAFT HEINZ CO 20,157 21,828
    KROGER CO 33,387 58,562
    LIBERTY GLOBAL LILAC - CLASS K 4,986 8,686
    LIBERTY GLOBAL PLC - SERIES C 95,293 165,282
    LOWES COMPANIES INC 22,479 22,812
    MACQUIRE INFRASTRUCTURE CO LLC 119,886 105,996
    MASTERCARD INC 39,735 52,574
    MEDTRONIC PLC 92,879 92,842
    MGIC INVT CORP WI 40,200 39,735
    MICROSOFT CORP 113,919 199,728
    MONDELEZ INTERNATIONAL INC 34,384 71,744
    MORGAN STANLEY 82,548 124,536
    NESTLE S.A 23,394 48,373
    NOBLE ENERGY INC 36,105 49,395
    NOVARTIS AG 36,144 34,416
    OCCIDENTAL PETROLEUM CORP 90,147 89,921
    ORACLE CORP 104,775 127,855
    OSTERWEIS FUND 896,943 792,974
    OSTERWEIS STRATEGIC INCOME FUN 799,092 755,654
    PEPSICO INC 42,353 64,948
    PIMCO ALL ASSET FUND INSTITUTI 297,656 247,427
    RANGE RESOURCES CORP DEL 35,059 24,610
    RBS CAP FDG TR VII GTD TR PFD 76,557 76,286
    SHERWIN-WILLIAMS CO 16,352 25,960
    STARWOOD HOTELS & RESORTS 23,925 24,248
    SYNCHRONY FINANCIAL 40,868 41,358
    TENCENT HOLDINGS LTD 12,253 17,733
    THE HAIN CELESTIAL GROUP, INC 40,856 28,273
    THERMO FISHER SCIENTIFIC INC 35,704 78,018
    TIME WARNER INC 100,876 80,191
    TJX COMPANIES INC 13,606 14,182
    TWENTY-FIRST CENTURY 123,209 104,836
    UNION PACIFIC 17,819 23,460
    UNITED PARCEL SERVICE 60,478 58,700
    UNITEDHEALTH GROUP INC 12,030 72,466
    VALEANT PHARMACEUTICALS INTL 93,124 75,221
    VERIZON COMMUNICATIONS 117,194 115,550
    WALT DISNEY HOLDINGS CO 28,620 63,048
    WESTERN REFINING INC 59,192 56,636
    WESTERN UNION CO 41,314 43,521
    WPP PLC 25,614 36,860

    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Memton Fund Inc
    EIN:
    13-6096608
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BROOKFIELD INFRASTRUCTURE PART   78,382 74,493
    ELM RIDGE VALUE PARTNERS, LP   1,027,328 703,994
    FORE MULTI STRATEGY OFFSHORE F   848,865 893,810
    HERON INCOME FUND, L.P   482,258 330,833
    SEG PARTNERS OFFSHORE, LTD   856,902 2,607,187

    TY 2015 OtherExpensesSchedule
    Name:
    The Memton Fund Inc
    EIN:
    13-6096608
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 38,909     38,909
    Bank Charges 38 38    
    Foundation Dues & Memberships 750     750
    Indemnification Insurance 750     750
    K-1 Exp BROOKFIELD INFRASTRUCT 474 474    
    K-1 Exp ELM RIDGE VALUE PARTNE 30,780 30,780    
    K-1 Exp Heron Income Fund, L.P 272 214    
    State or Local Filing Fees 750     750


    TY 2015 OtherIncomeSchedule2
    Name:
    The Memton Fund Inc
    EIN:
    13-6096608
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss BROOKFIELD INFRASTRUCTURE PARTNERS LP 6,259 6,259  
    K-1 Inc/Loss ELM RIDGE VALUE PARTNERS, LP 19,468 19,468  
    K-1 Inc/Loss Heron Income Fund, L.P -15,151 -1,467  


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    TY 2015 OtherNotesLoansRcvblLongSch
    Name:
    The Memton Fund Inc
    EIN:
    13-6096608

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    STAGE ONE CORP   200,000 200,000 2015-05 2017-02 INTEREST AND PRINCIPAL 5 % NONE INVESTMENT CASH 200,000

    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Memton Fund Inc
    EIN:
    13-6096608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 61,064 61,064    


    TY 2015 TaxesSchedule
    Name:
    The Memton Fund Inc
    EIN:
    13-6096608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 6,500      
    Foreign Tax Paid 1,103 1,103    
    STATE UBTI TAX 2014 250