Form990-PF
Click to see attachment

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
WILLIAM S PALEY FOUNDATION INC
co BENCIVENGA WARD & COMPANY CPAs PC
Number and street (or P.O. box number if mail is not delivered to street address)420 COLUMBUS AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
VALHALLA, NY10595
A Employer identification number

13-6085929
B Telephone number (see instructions)

(914) 769-5005
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$129,448,713J 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)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 1,112 1,112  
4 Dividends and interest from securities... 1,087,813 1,087,813  
5a Gross rents............ 870,165 870,165  
b Net rental income or (loss) 230,995
6a Net gain or (loss) from sale of assets not on line 10 5,191,067
b Gross sales price for all assets on line 6a 9,675,016
7 Capital gain net income (from Part IV, line 2)... 5,191,067
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 108,937 108,937  
12 Total. Add lines 1 through 11........ 7,259,094 7,259,094  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,000 20,000   20,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 3,783 1,892   1,891
16a Legal fees (attach schedule)......... Click to see attachment 25,178 46,370   46,371
b Accounting fees (attach schedule)....... Click to see attachment 147,518 14,752   143,488
c Other professional fees (attach schedule).... Click to see attachment 1,232,764 1,191,750   42,094
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment -132,571 13,468    
19 Depreciation (attach schedule) and depletion... Click to see attachment 51,424    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 649,603 639,170   8,610
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,017,699 1,927,402   262,454
25 Contributions, gifts, grants paid....... 3,922,617 2,509,865
26 Total expenses and disbursements. Add lines 24 and 25 5,940,316 1,927,402   2,772,319
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,318,778
b Net investment income (if negative, enter -0-) 5,331,692
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............. 277,849 258,833 258,835
2 Savings and temporary cash investments......... 16,076,942 9,609,015 9,609,015
3 Accounts receivable bullet81,710
Less: allowance for doubtful accounts bullet   87,173 81,710 81,710
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 6,635 69,792 69,792
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 74,377,354 Click to see attachment71,072,006 71,072,006
c Investments—corporate bonds (attach schedule)....... 11,449,621 Click to see attachment10,562,291 10,562,291
11 Investments—land, buildings, and equipment: basis bullet2,893,905
Less: accumulated depreciation (attach schedule) bullet1,236,532 1,692,629 Click to see attachment1,657,373 21,250,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,250,000 Click to see attachment16,545,064 16,545,064
14 Land, buildings, and equipment: basis bullet14,640
Less: accumulated depreciation (attach schedule) bullet14,640      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 120,218,203 109,856,084 129,448,713
Liabilities 17 Accounts payable and accrued expenses.......... 1,526,925 1,161,146
18 Grants payable.................. 4,625,627 6,038,379
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) Click to see attachment77,032,753 Click to see attachment69,937,091
23 Total liabilities (add lines 17 through 22)......... 83,185,305 77,136,616
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 37,032,898 32,719,468
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    
30 Total net assets or fund balances (see instructions)..... 37,032,898 32,719,468
31 Total liabilities and net assets/fund balances (see instructions). 120,218,203 109,856,084
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
37,032,898
2
Enter amount from Part I, line 27a .....................
2
1,318,778
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,105,343
4
Add lines 1, 2, and 3 ..........................
4
45,457,019
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
12,737,551
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
32,719,468
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 1 GOOGLE INC P 2015-01-01 2015-05-07
b 57 CHUBB CORP P 2015-01-01 2015-07-08
c 47 CHUBB CORP P 2015-01-01 2015-11-02
d 49 CHUBB CORP P 2015-01-01 2015-11-05
e 51 CHUBB CORP P 2015-01-01 2015-11-11
74 CHUBB CORP P 2015-01-01 2015-07-07
107 CHUBB CORP P 2015-01-01 2015-07-21
81 CHUBB CORP P 2015-01-01 2015-11-03
87 CHUBB CORP P 2015-01-01 2015-11-17
142 CHUBB CORP P 2015-01-01 2015-07-28
8 ALPHABET INC P 2015-01-01 2015-11-17
500 BAXTER INTERNATION INC P 2015-01-01 2015-07-17
310 CHUBB CORP P 2015-01-01 2015-08-05
375 BAXTER INTERNATION INC P 2015-01-01 2015-02-25
45 ALPHABET INC P 2015-01-01 2015-11-16
1115 BAXTER INTERNATION INC P 2015-01-01 2015-08-11
3000 UNILEVER PLC SPONS ADR P 2015-01-01 2015-02-25
1225 DIAGEO P L C SPONS ADR P 2015-01-01 2015-02-25
3830 WELLS FARGO & CO P 2015-01-01 2015-02-25
3585 UNILEVER N V P 2015-01-01 2015-02-25
2700 NESTLE S A SPONS ADR P 2015-01-01 2015-02-25
21115 NOVARTIS A G ADR P 2015-01-01 2015-02-25
1 GOOGLE INC CASH IN LIEU P 2015-01-01 2015-05-07
165 CHUBB CORP P 2015-01-01 2015-07-08
135 CHUBB CORP P 2015-01-01 2015-11-02
139 CHUBB CORP P 2015-01-01 2015-11-05
215 CHUBB CORP P 2015-01-01 2015-07-07
231 CHUBB CORP P 2015-01-01 2015-11-03
22 ALPHABET INC P 2015-01-01 2015-11-17
395 CHUBB CORP P 2015-01-01 2015-11-06
1430 BAXTER INTERNATIONAL INC P 2015-01-01 2015-07-17
720 CHUBB CORP P 2015-01-01 2015-07-17
890 CHUBB CORP P 2015-01-01 2015-08-05
130 ALPHABET INC P 2015-01-01 2015-11-16
3200 BAXTER INTERNATIONAL INC P 2015-01-01 2015-08-11
2890 WELLS FARGO & CO P 2015-01-01 2015-02-25
1225 DIAGEO P L C SPONDS ADR P 2015-01-01 2015-02-25
6840 UNILEVER N V P 2015-01-01 2015-02-25
2910 NOVARTIS A G ADR P 2015-01-01 2015-02-25
4025 NESTLE S A SPONS ADR P 2015-01-01 2015-02-25
1 GOOGLE INC CASH IN LIEU P 2015-01-01 2015-05-07
48 CHUBB CORP P 2015-01-01 2015-07-08
38 CHUBB CORP P 2015-01-01 2015-11-02
40 CHUBB CORP P 2015-01-01 2015-11-05
41 CHUBB CORP P 2015-01-01 2015-11-11
62 CHUBB CORP P 2015-01-01 2015-07-07
65 CHUBB CORP P 2015-01-01 2015-11-03
90 CHUBB CORP P 2015-01-01 2015-07-21
71 CHUBB CORP P 2015-01-01 2015-11-17
780 SOUTHWESTERN ENERGY CO P 2015-01-01 2015-02-25
120 CHUBB CORP P 2015-01-01 2015-07-27
6 ALPHABET INC P 2015-01-01 2015-11-17
415 BAXTER INTERNATIONAL INC P 2015-01-01 2015-07-17
255 CHUBB CORP P 2015-01-01 2015-08-05
37 ALPHABET INC P 2015-01-01 2015-11-16
915 BAXTER INTERNATIONAL INC P 2015-01-01 2015-08-12
785 WALMART STORES INC P 2015-01-01 2015-02-25
2280 WELLS FARGO & CO P 2015-01-01 2015-02-25
755 DIAGEO P L C SPONS ADR P 2015-01-01 2015-02-25
2635 UNILEVER N V P 2015-01-01 2015-02-25
1255 NOVARTIS A G ADR P 2015-01-01 2015-02-25
2070 NESTLE S A SPONS ADR P 2015-01-01 2015-02-25
100756.719 EATON VANCE FLOATING RATE P 2015-01-01 2015-08-17
169650.156 JPM SHORT DURATION BD P 2015-01-01 2015-12-14
151136.633 JPM TOTAL RETURN FD P 2015-01-01 2015-12-14
57367.141 JPM HIGH YIELD P 2015-01-01 2015-12-14
169650.156 JPM SHORT DURATION BD P 2015-01-01 2015-12-14
151136.633 JPM TOTAL RETURN FD P 2015-01-01 2015-12-14
130440.035 PIMCO TOTAL RETURN P 2015-01-01 2015-12-18
30486.54 EATON VANCE FLOATING RATE P 2015-01-01 2015-08-01
47687.297 JPM SHORT DURATION P 2015-01-01 2015-12-14
45701.492 JPM TOTAL RETURN FD P 2015-01-01 2015-12-14
17357.923 JPM HIGH YIELD P 2015-01-01 2015-12-14
47687.297 JPM SHORT DURATION P 2015-01-01 2015-12-14
45701.492 JPM TOTAL RETURN FD P 2015-01-01 2015-12-14
39534.76 PIMCO TOTAL RETURN FUND P 2015-01-01 2015-12-18
151.69 BERKSHIRE HATHAWAY P 2015-01-01 2015-01-07
4239 SERCO GROUP PLC P 2015-01-01 2015-01-16
4086 SERCO GROUP PLC P 2015-01-01 2015-01-09
3564 SERCO GROUP PLC P 2015-01-01 2015-01-16
2197 SERCO GROUP PLC P 2015-01-01 2015-01-22
2044 SERCO GROUP PLC P 2015-01-01 2015-01-20
895 SERCO GROUP PLC P 2015-01-01 2015-01-21
838 SERCO GROUP PLC P 2015-01-01 2015-01-02
0.24 HISCOX CASH IN LIEU P 2015-01-01 2015-04-10
1 GOOGLE INC CASH IN LIEU P 2015-01-01 2015-05-07
861 QINETIQ GROUP PLC P 2015-01-01 2015-04-13
885 QINETIQ GROUP PLC P 2015-01-01 2015-03-11
1115 QINETIQ GROUP PLC P 2015-01-01 2015-04-08
1228 QINETIQ GROUP PLC P 2015-01-01 2015-04-15
1266 QINETIQ GROUP PLC P 2015-01-01 2015-04-14
1045 QINETIQ GROUP PLC P 2015-01-01 2015-02-26
1171 QINETIQ GROUP PLC P 2015-01-01 2015-04-23
1639 QINETIQ GROUP PLC P 2015-01-01 2015-04-09
1364 QINETIQ GROUP PLC P 2015-01-01 2015-04-20
1439 QINETIQ GROUP PLC P 2015-01-01 2015-04-24
1441 QINETIQ GROUP PLC P 2015-01-01 2015-04-27
1620 QINETIQ GROUP PLC P 2015-01-01 2015-04-22
1541 QINETIQ GROUP PLC P 2015-01-01 2015-03-02
1920 QINETIQ GROUP PLC P 2015-01-01 2015-04-17
1847 QINETIQ GROUP PLC P 2015-01-01 2015-05-01
2365 QINETIQ GROUP PLC P 2015-01-01 2015-03-24
74 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-04
1795 QINETIQ GROUP PLC P 2015-01-01 2015-04-30
1858 QINETIQ GROUP PLC P 2015-01-01 2015-05-07
93 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-13
2364 QINETIQ GROUP PLC P 2015-01-01 2015-05-05
2328 QINETIQ GROUP PLC P 2015-01-01 2015-04-29
2450 QINETIQ GROUP PLC P 2015-01-01 2015-05-06
122 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-09
3342 QINETIQ GROUP PLC P 2015-01-01 2015-04-21
3497 QINETIQ GROUP PLC P 2015-01-01 2015-03-09
148 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-28
193 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-21
189 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-27
130 NOVOZYMES A/S-B P 2015-01-01 2015-04-17
4569 QINETIQ GROUP PLC P 2015-01-01 2015-02-27
196 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-02
226 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-23
254 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-02
236 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-26
261 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-30
6179 QINETIQ GROUP PLC P 2015-01-01 2015-02-25
6279 QINETIQ GROUP PLC P 2015-01-01 2015-04-28
9939 QINETIQ GROUP PLC P 2015-01-01 2015-04-10
295 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-05
343 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-22
412 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-20
277 NOVOZYMES A/S-B P 2015-01-01 2015-04-22
8458 QINETIQ GROUP PLC P 2015-01-01 2015-05-08
108 TJX COMPANIES INC P 2015-01-01 2015-04-28
416 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-06
499 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-08
327 NOVOZYMES A/S-B P 2015-01-01 2015-03-19
369 NOVOZYMES A/S-B P 2015-01-01 2015-04-20
417 NOVOZYMES A/S-B P 2015-01-01 2015-04-16
667 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-29
503 NOVOZYMES A/S-B P 2015-01-01 2015-04-14
193 TJX COMPANIES INC P 2015-01-01 2015-05-05
96 IDEXX LABATORIES INC P 2015-01-01 2015-01-12
612 NOVOZYMES A/S-B P 2015-01-01 2015-03-20
2297 QINETIQ GROUP PLC P 2015-01-01 2015-04-22
889 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-03
111 IDEXX LABATORIES INC P 2015-01-01 2015-01-09
641 NOVOZYMES A/S-B P 2015-01-01 2015-04-15
315 TJX COMPANIES INC P 2015-01-01 2015-04-24
758 NOVOZYMES A/S-B P 2015-01-01 2015-04-13
833 NOVOZYMES A/S-B P 2015-01-01 2015-04-09
851 NOVOZYMES A/S-B P 2015-01-01 2015-04-08
908 NOVOZYMES A/S-B P 2015-01-01 2015-04-07
935 NOVOZYMES A/S-B P 2015-01-01 2015-04-21
178 IDEXX LABATORIES INC P 2015-01-01 2015-01-08
497 TJX COMPANIES INC P 2015-01-01 2015-04-15
1851 NOVOZYMES A/S-B P 2015-01-01 2015-04-10
714 TJX COMPANIES INC P 2015-01-01 2015-04-16
845 TJX COMPANIES INC P 2015-01-01 2015-04-24
891 TJX COMPANIES INC P 2015-01-01 2015-04-14
915 TJX COMPANIES INC P 2015-01-01 2015-04-23
1022 TJX COMPANIES INC P 2015-01-01 2015-05-04
1273 TJX COMPANIES INC P 2015-01-01 2015-04-21
1532 TJX COMPANIES INC P 2015-01-01 2015-04-22
1659 TJX COMPANIES INC P 2015-01-01 2015-04-17
1710 TJX COMPANIES INC P 2015-01-01 2015-05-01
3479 TJX COMPANIES INC P 2015-01-01 2015-04-20
1265 SERCO GROUP PLC P 2015-01-01 2015-01-16
1219 SERCO GROUP PLC P 2015-01-01 2015-01-09
1063 SERCO GROUP PLC P 2015-01-01 2015-01-16
656 SERCO GROUP PLC P 2015-01-01 2015-01-22
610 SERCO GROUP PLC P 2015-01-01 2015-01-20
267 SERCO GROUP PLC P 2015-01-01 2015-01-21
250 SERCO GROUP PLC P 2015-01-01 2015-01-02
0.84 HISCOX CASH IN LIEU P 2015-01-01 2015-04-10
261 QINETIQ GROUP PLC P 2015-01-01 2015-03-11
308 QINETIQ GROUP PLC P 2015-01-01 2015-02-26
493 QINETIQ GROUP PLC P 2015-01-01 2015-04-09
382 QINETIQ GROUP PLC P 2015-01-01 2015-04-23
445 QINETIQ GROUP PLC P 2015-01-01 2015-04-20
454 QINETIQ GROUP PLC P 2015-01-01 2015-03-02
469 QINETIQ GROUP PLC P 2015-01-01 2015-04-24
470 QINETIQ GROUP PLC P 2015-01-01 2015-04-27
528 QINETIQ GROUP PLC P 2015-01-01 2015-04-22
1 GOOGLE INC CASH IN LIEU P 2015-01-01 2015-05-07
22 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-04
697 QINETIQ GROUP PLC P 2015-01-01 2015-03-24
626 QINETIQ GROUP PLC P 2015-01-01 2015-04-17
602 QINETIQ GROUP PLC P 2015-01-01 2015-05-01
586 QINETIQ GROUP PLC P 2015-01-01 2015-04-30
606 QINETIQ GROUP PLC P 2015-01-01 2015-05-07
34 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-09
771 QINETIQ GROUP PLC P 2015-01-01 2015-05-05
759 QINETIQ GROUP PLC P 2015-01-01 2015-04-29
799 QINETIQ GROUP PLC P 2015-01-01 2015-05-06
1030 QINETIQ GROUP PLC P 2015-01-01 2015-03-09
1090 QINETIQ GROUP PLC P 2015-01-01 2015-04-21
55 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-21
36 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-17
54 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-27
58 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-02
1346 QINETIQ GROUP PLC P 2015-01-01 2015-02-27
64 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-23
71 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-02
67 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-26
78 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-30
1821 QINETIQ GROUP PLC P 2015-01-01 2015-02-25
2989 QINETIQ GROUP PLC P 2015-01-01 2015-04-10
97 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-22
2048 QINETIQ GROUP PLC P 2015-01-01 2015-04-28
88 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-05
117 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-20
77 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-22
30 TJX COMPANIES INC P 2015-01-01 2015-04-28
138 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-08
91 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-03-19
124 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-06
2759 QINETIQ GROUP PLC P 2015-01-01 2015-05-08
102 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-20
116 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-16
202 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-29
140 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-14
53 TJX COMPANIES INC P 2015-01-01 2015-05-05
590 ROLLS ROYCE GROUP PLC P 2015-01-01 2015-04-22
170 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-03-20
178 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-15
264 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-03
86 TJX COMPANIES INC P 2015-01-01 2015-04-24
211 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-13
232 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-09
237 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-08
252 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-07
260 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-21
62 IDEXX LABATORIES INC P 2015-01-01 2015-01-12
141 TJX COMPANIES INC P 2015-01-01 2015-04-15
72 IDEXX LABATORIES INC P 2015-01-01 2015-01-09
514 NOVOZYMES A/S-B SHARES P 2015-01-01 2015-04-10
202 TJX COMPANIES INC P 2015-01-01 2015-04-16
114 IDEXX LABATORIES INC P 2015-01-01 2015-01-08
239 TJX COMPANIES INC P 2015-01-01 2015-04-24
252 TJX COMPANIES INC P 2015-01-01 2015-04-14
259 TJX COMPANIES INC P 2015-01-01 2015-04-23
280 TJX COMPANIES INC P 2015-01-01 2015-05-04
361 TJX COMPANIES INC P 2015-01-01 2015-04-21
434 TJX COMPANIES INC P 2015-01-01 2015-04-22
470 TJX COMPANIES INC P 2015-01-01 2015-04-17
470 TJX COMPANIES INC P 2015-01-01 2015-05-01
986 TJX COMPANIES INC P 2015-01-01 2015-04-20
3197 SERCO GROUP PLC P 2015-01-01 2015-01-16
3081 SERCO GROUP PLC P 2015-01-01 2015-01-09
2687 SERCO GROUP PLC P 2015-01-01 2015-01-16
1656 SERCO GROUP PLC P 2015-01-01 2015-01-22
1542 SERCO GROUP PLC P 2015-01-01 2015-01-20
675 SERCO GROUP PLC P 2015-01-01 2015-01-21
632 SERCO GROUP PLC P 2015-01-01 2015-01-02
1 HISCOX CASH IN LIEW P 2015-01-01 2015-04-10
706 QINETIQ GROUP PLC ISIN P 2015-01-01 2015-03-11
889 QINETIQ GROUP PLC P 2015-01-01 2015-04-08
GOOGLE IN CASH IN LIEU P 2015-01-01 2015-05-07
999 QINETIQ GROUP PLC P 2015-01-01 2015-04-15
1030 QINETIQ GROUP PLC P 2015-01-01 2015-04-14
833 QINETIQ GROUP PLC P 2015-01-01 2015-02-26
1307 QINETIQ GROUP PLC P 2015-01-01 2015-04-09
953 QINETIQ GROUP PLC P 2015-01-01 2015-04-23
1109 QINETIQ GROUP PLC P 2015-01-01 2015-04-20
1170 QINETIQ GROUP PLC P 2015-01-01 2015-04-24
1173 QINETIQ GROUP PLC P 2015-01-01 2015-04-27
1229 QINETIQ GROUP PLC ISIN P 2015-01-01 2015-03-02
1318 QINETIQ GROUP PLC P 2015-01-01 2015-04-22
47 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-04
1562 QINETIQ GROUP PLC P 2015-01-01 2015-04-17
1886 QINETIQ GROUP PLC ISIN P 2015-01-01 2015-03-24
1502 QINETIQ GROUP PLC P 2015-01-01 2015-05-01
1460 QINETIQ GROUP PLC P 2015-01-01 2015-04-30
1511 QINETIQ GROUP PLC P 2015-01-01 2015-05-07
76 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-09
1923 QINETIQ GROUP PLC P 2015-01-01 2015-05-05
1894 QINETIQ GROUP PLC P 2015-01-01 2015-04-29
1993 QINETIQ GROUP PLC P 2015-01-01 2015-05-06
2719 QINETIQ GROUP PLC P 2015-01-01 2015-04-21
2788 QINETIQ GROUP PLC ISIN P 2015-01-01 2015-03-09
95 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-28
123 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-21
120 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-27
125 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-02
3642 QINETIQ GROUP PLC P 2015-01-01 2015-02-27
144 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-23
159 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-02
150 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-26
166 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-30
4926 QINETIQ GROUP PLC P 2015-01-01 2015-02-25
5108 QINETIQ GROUP PLC P 2015-01-01 2015-04-28
7923 QINETIQ GROUP PLC P 2015-01-01 2015-04-10
188 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-05
218 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-22
28 IDEX LABATORIES INC P 2015-01-01 2015-01-12
262 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-20
63 TJX COMPANIES INC P 2015-01-01 2015-04-28
33 IDEX LABATORIES INC P 2015-01-01 2015-01-09
311 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-08
265 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-06
6880 QINETIQ GROUP PLC P 2015-01-01 2015-05-08
52 IDEX LABATORIES INC P 2015-01-01 2015-01-08
112 TJX COMPANIES INC P 2015-01-01 2015-05-05
431 WORLD FUEL SERVICE CORP P 2015-01-01 2015-01-29
565 WORLD FUEL SERVICE CORP P 2015-01-01 2015-02-03
2178 ROLLS ROYCE GROUP PLC P 2015-01-01 2015-04-22
250 PERRIGO CO LTD P 2015-01-01 2015-04-24
318 TJX COMPANIES INC P 2015-01-01 2015-04-15
457 TJX COMPANIES INC P 2015-01-01 2015-04-16
541 TJX COMPANIES INC P 2015-01-01 2015-04-24
570 TJX COMPANIES INC P 2015-01-01 2015-04-14
586 TJX COMPANIES INC P 2015-01-01 2015-04-23
595 TJX COMPANIES INC P 2015-01-01 2015-05-04
815 TJX COMPANIES INC P 2015-01-01 2015-04-21
981 TJX COMPANIES INC P 2015-01-01 2015-04-22
996 TJX COMPANIES INC P 2015-01-01 2015-05-01
1062 TJX COMPANIES INC P 2015-01-01 2015-04-17
2228 TJX COMPANIES INC P 2015-01-01 2015-04-20
1 SELECT EQUITY - PARK P 2015-01-01 2015-12-31
1 SELECT EQUITY - MANAGED P 2015-01-01 2015-12-31
1 SELECT EQUITY - PALEY CENTER P 2015-01-01 2015-12-31
(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 329     329
b 6,983   5,727 1,256
c 6,099   4,722 1,377
d 6,343   4,923 1,420
e 6,602   5,124 1,478
9,063   7,435 1,628
13,054   10,750 2,304
10,501   8,138 2,363
11,282   8,741 2,541
17,450   14,267 3,183
6,010   2,284 3,726
18,804   11,469 7,335
38,750   31,146 7,604
25,833   15,582 10,251
33,392   12,845 20,547
46,814   25,575 21,239
131,861   39,092 92,769
144,744   35,211 109,533
211,604   100,993 110,611
154,820   41,246 113,574
209,381   53,798 155,583
217,225   53,089 164,136
490     490
20,214   16,577 3,637
17,519   13,563 3,956
17,994   13,965 4,029
26,332   21,601 4,731
29,948   23,208 6,740
16,527   6,279 10,248
51,167   39,685 11,482
53,779   39,377 14,402
87,835   72,338 15,497
111,250   89,418 21,832
96,464   37,103 59,361
134,354   73,393 60,961
159,670   76,252 83,418
144,744   30,646 114,098
295,388   78,691 216,697
298,877   65,256 233,621
312,133   57,165 254,968
153     153
5,881   4,823 1,058
4,931   3,818 1,113
5,178   4,019 1,159
5,307   4,119 1,188
7,593   6,229 1,364
8,427   6,531 1,896
10,980   9,042 1,938
9,207   7,133 2,074
21,746   19,501 2,245
14,746   12,056 2,690
4,507   1,713 2,794
15,607   10,696 4,911
31,875   25,620 6,255
27,455   10,563 16,892
38,417   21,103 17,314
65,815   37,051 28,764
125,968   60,121 65,847
89,209   21,726 67,483
113,794   30,311 83,483
128,897   36,750 92,147
160,526   47,171 113,355
891,697   905,112 -13,415
34     34
115     115
230     230
1,435     1,435
10,693     10,693
47,091     47,091
269,806   274,646 -4,840
10     10
35     35
70     70
403     403
3,233     3,233
14,273     14,273
395,304   55,764 339,540
10,297   25,939 -15,642
9,921   25,003 -15,082
8,730   21,809 -13,079
5,641   13,444 -7,803
5,104   12,508 -7,404
2,229   5,477 -3,248
2,068   5,128 -3,060
3     3
103     103
2,487   2,126 361
2,641   2,185 456
3,267   2,753 514
3,584   3,032 552
3,702   3,126 576
3,219   2,580 639
3,576   2,891 685
4,749   4,047 702
4,128   3,368 760
4,441   3,553 888
4,456   3,558 898
4,930   4,000 930
4,736   3,805 931
5,809   4,741 1,068
5,658   4,560 1,098
6,962   5,839 1,123
3,669   2,543 1,126
5,570   4,432 1,138
5,736   4,587 1,149
4,390   3,195 1,195
7,341   5,837 1,504
7,291   5,748 1,543
7,629   6,049 1,580
5,778   4,192 1,586
10,115   8,251 1,864
10,565   8,634 1,931
7,207   5,085 2,122
9,137   6,631 2,506
9,225   6,494 2,731
6,208   3,458 2,750
14,086   11,281 2,805
9,554   6,734 2,820
11,000   7,765 3,235
12,016   8,727 3,289
11,592   8,109 3,483
12,724   8,968 3,756
19,118   15,256 3,862
19,445   15,503 3,942
28,709   24,540 4,169
14,649   10,136 4,513
16,416   11,785 4,631
19,384   14,156 5,228
13,359   7,368 5,991
27,230   20,883 6,347
7,050   608 6,442
20,762   14,293 6,469
23,639   17,145 6,494
15,272   8,698 6,574
17,645   9,815 7,830
20,373   11,092 9,281
33,050   23,261 9,789
24,516   13,380 11,136
12,600   1,086 11,514
14,539   2,533 12,006
28,967   16,279 12,688
35,960   22,463 13,497
44,167   30,545 13,622
16,675   2,929 13,746
31,149   17,050 14,099
64,020   47,945 16,075
36,654   20,162 16,492
39,347   22,157 17,190
40,463   22,636 17,827
42,971   24,152 18,819
45,059   24,870 20,189
26,805   4,696 22,109
33,443   2,798 30,645
89,066   49,236 39,830
47,602   4,019 43,583
56,031   4,756 51,275
60,091   5,015 55,076
60,728   5,150 55,578
67,098   5,753 61,345
84,426   7,165 77,261
101,550   8,623 92,927
108,357   9,338 99,019
111,956   9,625 102,331
228,113   19,583 208,530
3,073   7,741 -4,668
2,960   7,459 -4,499
2,604   6,505 -3,901
1,684   4,014 -2,330
1,523   3,733 -2,210
665   1,634 -969
617   1,530 -913
11     11
779   640 139
949   755 194
1,429   1,209 220
1,166   936 230
1,347   1,091 256
1,395   1,113 282
1,447   1,150 297
1,453   1,152 301
1,607   1,294 313
330     330
1,091   754 337
2,052   1,709 343
1,894   1,535 359
1,844   1,476 368
1,818   1,437 381
1,871   1,486 385
1,610   1,165 445
2,394   1,890 504
2,377   1,861 516
2,488   1,959 529
3,112   2,525 587
3,299   2,672 627
2,604   1,884 720
1,719   958 761
2,636   1,850 786
2,827   1,987 840
4,150   3,300 850
3,115   2,193 922
3,359   2,433 926
3,291   2,295 996
3,802   2,672 1,130
5,634   4,464 1,170
8,634   7,328 1,306
4,642   3,323 1,319
6,342   5,021 1,321
4,370   3,015 1,355
5,505   4,009 1,496
3,713   2,048 1,665
1,958   169 1,789
6,538   4,728 1,810
4,250   2,420 1,830
6,189   4,248 1,941
8,883   6,764 2,119
4,877   2,713 2,164
5,667   3,085 2,582
9,861   6,921 2,940
6,824   3,724 3,100
3,460   299 3,161
9,237   5,752 3,485
8,046   4,522 3,524
8,650   4,734 3,916
13,116   9,045 4,071
17,478   13,090 4,388
10,203   5,612 4,591
10,959   6,171 4,788
11,269   6,304 4,965
11,926   6,703 5,223
12,530   6,916 5,614
9,390   1,676 7,714
9,488   794 8,694
10,816   1,946 8,870
24,732   13,671 11,061
13,467   1,138 12,329
17,167   3,081 14,086
15,848   1,347 14,501
16,995   1,420 15,575
17,190   1,459 15,731
18,383   1,578 16,805
23,942   2,034 21,908
28,768   2,445 26,323
30,698   2,648 28,050
30,772   2,648 28,124
64,651   5,555 59,096
7,766   19,563 -11,797
7,481   18,853 -11,372
6,582   16,442 -9,860
4,252   10,133 -5,881
3,851   9,436 -5,585
1,681   4,130 -2,449
1,560   3,867 -2,307
7     7
2,107   1,766 341
2,605   2,223 382
411     411
2,916   2,498 418
3,012   2,576 436
2,566   2,083 483
3,787   3,269 518
2,910   2,383 527
3,356   2,773 583
3,611   2,926 685
3,627   2,934 693
3,777   3,074 703
4,011   3,296 715
2,330   1,550 780
4,726   3,906 820
5,552   4,717 835
4,601   3,756 845
4,530   3,651 879
4,664   3,779 885
3,599   2,507 1,092
5,971   4,809 1,162
5,932   4,737 1,195
6,206   4,984 1,222
8,229   6,800 1,429
8,423   6,972 1,451
4,626   3,133 1,493
5,823   4,057 1,766
5,857   3,958 1,899
6,093   4,123 1,970
11,228   9,108 2,120
7,009   4,750 2,259
7,522   5,244 2,278
7,368   4,948 2,420
8,092   5,475 2,617
15,241   12,319 2,922
15,819   12,774 3,045
22,886   19,814 3,072
9,336   6,201 3,135
10,434   7,190 3,244
4,240   718 3,522
12,327   8,642 3,685
4,112   357 3,755
4,958   846 4,112
14,733   10,258 4,475
13,226   8,741 4,485
22,150   17,206 4,944
7,831   1,333 6,498
7,312   634 6,678
21,041   14,216 6,825
28,070   18,636 9,434
34,097   21,494 12,603
50,809   38,051 12,758
21,398   1,800 19,598
30,468   2,587 27,881
35,873   3,063 32,810
38,442   3,227 35,215
38,892   3,318 35,574
39,064   3,369 35,695
54,051   4,614 49,437
65,027   5,554 59,473
65,209   5,639 59,570
69,364   6,013 63,351
146,087   12,614 133,473
18,695     18,695
25,371     25,371
42,731     42,731
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       329
b       1,256
c       1,377
d       1,420
e       1,478
      1,628
      2,304
      2,363
      2,541
      3,183
      3,726
      7,335
      7,604
      10,251
      20,547
      21,239
      92,769
      109,533
      110,611
      113,574
      155,583
      164,136
      490
      3,637
      3,956
      4,029
      4,731
      6,740
      10,248
      11,482
      14,402
      15,497
      21,832
      59,361
      60,961
      83,418
      114,098
      216,697
      233,621
      254,968
      153
      1,058
      1,113
      1,159
      1,188
      1,364
      1,896
      1,938
      2,074
      2,245
      2,690
      2,794
      4,911
      6,255
      16,892
      17,314
      28,764
      65,847
      67,483
      83,483
      92,147
      113,355
      -13,415
      34
      115
      230
      1,435
      10,693
      47,091
      -4,840
      10
      35
      70
      403
      3,233
      14,273
      339,540
      -15,642
      -15,082
      -13,079
      -7,803
      -7,404
      -3,248
      -3,060
      3
      103
      361
      456
      514
      552
      576
      639
      685
      702
      760
      888
      898
      930
      931
      1,068
      1,098
      1,123
      1,126
      1,138
      1,149
      1,195
      1,504
      1,543
      1,580
      1,586
      1,864
      1,931
      2,122
      2,506
      2,731
      2,750
      2,805
      2,820
      3,235
      3,289
      3,483
      3,756
      3,862
      3,942
      4,169
      4,513
      4,631
      5,228
      5,991
      6,347
      6,442
      6,469
      6,494
      6,574
      7,830
      9,281
      9,789
      11,136
      11,514
      12,006
      12,688
      13,497
      13,622
      13,746
      14,099
      16,075
      16,492
      17,190
      17,827
      18,819
      20,189
      22,109
      30,645
      39,830
      43,583
      51,275
      55,076
      55,578
      61,345
      77,261
      92,927
      99,019
      102,331
      208,530
      -4,668
      -4,499
      -3,901
      -2,330
      -2,210
      -969
      -913
      11
      139
      194
      220
      230
      256
      282
      297
      301
      313
      330
      337
      343
      359
      368
      381
      385
      445
      504
      516
      529
      587
      627
      720
      761
      786
      840
      850
      922
      926
      996
      1,130
      1,170
      1,306
      1,319
      1,321
      1,355
      1,496
      1,665
      1,789
      1,810
      1,830
      1,941
      2,119
      2,164
      2,582
      2,940
      3,100
      3,161
      3,485
      3,524
      3,916
      4,071
      4,388
      4,591
      4,788
      4,965
      5,223
      5,614
      7,714
      8,694
      8,870
      11,061
      12,329
      14,086
      14,501
      15,575
      15,731
      16,805
      21,908
      26,323
      28,050
      28,124
      59,096
      -11,797
      -11,372
      -9,860
      -5,881
      -5,585
      -2,449
      -2,307
      7
      341
      382
      411
      418
      436
      483
      518
      527
      583
      685
      693
      703
      715
      780
      820
      835
      845
      879
      885
      1,092
      1,162
      1,195
      1,222
      1,429
      1,451
      1,493
      1,766
      1,899
      1,970
      2,120
      2,259
      2,278
      2,420
      2,617
      2,922
      3,045
      3,072
      3,135
      3,244
      3,522
      3,685
      3,755
      4,112
      4,475
      4,485
      4,944
      6,498
      6,678
      6,825
      9,434
      12,603
      12,758
      19,598
      27,881
      32,810
      35,215
      35,574
      35,695
      49,437
      59,473
      59,570
      63,351
      133,473
      18,695
      25,371
      42,731
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 5,191,067
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 5,191,067
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 7,658,772 116,637,757 0.06566
2013 6,690,762 106,476,832 0.06284
2012 5,454,039 92,962,827 0.05867
2011 5,440,297 88,327,794 0.06159
2010 5,032,261 81,657,593 0.06163
2
Total of line 1, column (d) .....................
20.310388
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
0.062078
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
119,670,955
5
Multiply line 4 by line 3......................
5
7,428,934
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
53,317
7
Add lines 5 and 6........................
7
7,482,251
8
Enter qualifying distributions from Part XII, line 4.............
8
2,788,487
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 1 106,634
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........................... 3 106,634
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- ..... 5 106,634
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 183,632
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.............. 7 183,632
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 76,998
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet76,998 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
 
No
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 addressbulletN/A
    14
    The books are in care ofbulletLEONARD J BENCIVENGA CPA Telephone no.bullet (914) 769-5005

    Located atbullet420 COLUMBUS AVENUE SUITE 304VALHALLANY ZIP+4bullet105951382
    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
     
    No
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    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
     
    No
    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
    PATRICK S GALLAGHER Executive Dir.
    5.00     		50,000    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    HENRY A KISSINGER CHAIRMAN/DIR
    1.00     		0    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    WILLIAM C PALEY VICE PRES/DIR
    1.00     		0    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    DANIEL L MOSLEY TREAS&SEC/DIR
    1.00     		0    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    GEORGE J GILLESPIE III Director
    1.00     		0    
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CRAVATH SWAINE & MOORE LLP LEGAL 92,741
    825 EIGHT AVENUE
    NEW YORK,NY10019
    BROWN BROTHERS HARRIMAN ADVISORY & CUSTODY 122,439
    140 BROADWAY
    NEW YORK,NY10005
    BENCIVENGA WARD & COMPANY CPAS ACCOUNTING & TAX 111,516
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY10595
    RUANE CUNNIFF & CO ADVISORY & CUSTODY 730,561
    767 FIFTH AVENUE
    NEW YORK,NY10153
    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
    121,209,429
    b
    Average of monthly cash balances.......................
    1b
    283,926
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    121,493,355
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    121,493,355
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,822,400
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    119,670,955
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,983,548
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    5,983,548
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    106,634
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    106,634
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,876,914
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    5,876,914
    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
    5,876,914
    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
    2,772,319
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    16,168
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,788,487
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,788,487
    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 5,876,914
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 1,062,371
    b From 2011...... 1,092,188
    c From 2012...... 926,747
    d From 2013...... 1,482,094
    e From 2014...... 2,147,430
    fTotal of lines 3a through e........ 6,710,830
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 2,788,487
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 2,788,487
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015. 3,088,427 3,088,427
    (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 3,622,403
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		3,622,403
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013.... 1,474,973
    d Excess from 2014.... 2,147,430
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    PATRICK S GALLAGHER
    420 COLUMBUS AVENUE SUITE 304
    VALHALLA,NY105951382
    bThe form in which applications should be submitted and information and materials they should include:
    NO PARTICULAR FORM REQUIRED, BUT FULL FINANCIAL INFORMATION SHOULD BE DISCLOSED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    UNDER THE PROVISION OF THE FOUNDATION'S CHARTER, NO GRANTS MAY BE MADE TO INDIVIDUALS.
    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
    CLEAN SOBER STREETS INC
    P O BOX 77114
    WASHINGTON,DC20013     		NONE PC GENERAL PROGRAM 5,000
    THE JERUSALEM FOUNDATION
    60 EAST 42ND STREET
    NEW YORK,NY10165     		NONE PC PALEY ART CENTER 75,000
    LEGAL ACTION CENTER
    153 WAVERLY PLACE
    NEW YORK,NY10014     		NONE PC GENERAL PROGRAM 5,000
    MADISON SQ BOYS GIRLS CLUB
    250 FIFTH AVENUE
    NEW YORK,NY10118     		NONE PC HARLEM CLUBHOUSE 500,000
    THE METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		NONE PC GENERAL PROGRAM 10,000
    THE MUSEUM OF MODERN ART
    11 WEST 53RD STREET
    NEW YORK,NY10019     		NONE PC GENERAL PROGRAM 110,000
    THE PALEY CENTER FOR MEDIA
    25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC GENERAL PROGRAM 1,575,000
    OXFORD HOUSE
    1010 WAYNE AVENUE
    SILVER SPRING,MD20910     		NONE PC GENERAL PROGRAM 5,000
    WASHINGTON PROJECT FOR THE ART
    500 SEVENTEENTH STREET NW
    WASHINGTON,DC20006     		NONE PC GENERAL PROGRAM 5,000
    THE PALEY CENTER FOR MEDIA
    25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC CHALLENGE GRANT 59,865
    NEW YORK PRESBYTERIAN HOSPTIAL
    525 EAST 68TH STREET BOX 123
    NEW YORK,NY10065     		NONE PC STANLEY G. MORTIMER II SCHOLARSHIP 10,000
    NORTHWEST CENTER FOR THE ARTS
    68 MAIN STREET
    TORRINGTON,CT06790     		NONE PC GENERAL OPERATING SUPPORT 4,000
    GREENWICH LIBRARY
    101 WEST PUTNAM AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL OPERATING SUPPORT 2,500
    DC CENTRAL KITCHEN
    425 2ND STREET NW
    WASHINGTON,DC20001     		NONE PC GENERAL OPERATING SUPPORT 5,000
    BOYS GIRLS CLUB OF GREENWICH
    4 HORSENECK LANE
    GREENWICH,CT06830     		NONE PC GENERAL OPERATING SUPPORT 30,000
    DRUG POLICY ALLIANCE
    925 15TH STREET NW 2ND FLOOR
    WASHINGTON,DC20005     		NONE PC GENERAL OPERATING SUPPORT 5,000
    THELONIOUS MONK INSTITUTE
    5225 WISCONSIN AVENUE NW SUITE 605
    WASHINGTON,DC20015     		NONE PC GENERAL OPERATING SUPPORT 5,000
    COLUMBIA UNIVERSITY
    475 RIVERSIDE DRIVE
    NEW YORK,NY10015     		NONE PC DEPT OF OPHTHALMOLOGY 5,000
    FRIENDS OF VIRGIN ISLAND NATIONAL P
    PO BOX 811
    ST JOHNS,ST JOHNS00831
    VQ     		NONE PC GENERAL OPERATING SUPPORT 3,500
    WEST HILL POND ASSOCIATION
    29 WHITE PINE LANE
    WEST HARTFORD,CT06107     		NONE PC GENERAL OPERATING SUPPORT 4,000
    SO OTHERS MAY EAT
    71 O STREET NW
    WASHINGTON,DC20001     		NONE PC GENERAL OPERATING SUPPORT 5,000
    DOMUS FOUNDATION
    83 LOCKWOOD AVENUE
    STAMFORD,CT06902     		NONE PC GENERAL OPERATING SUPPORT 3,500
    THE MASTERS SCHOOL
    49 CLINTON AVENUE
    DOBBS FERRY,NY10522     		NONE PC GENERAL OPERATING SUPPORT 1,500
    TULANE UNIVERSITY
    218 GIBSON HALL
    NEW ORLEANS,LA70118     		NONE PC HISTORY PROFESSOR SUPPORT 15,000
    VOICES OF ASCENSION
    12 WEST 11TH STREET
    NEW YORK,NY10011     		NONE PC GENERAL PROGRAM 15,000
    CENTER FOR STRATEGIC INTERNATIONAL
    1616 RHODE ISLAND AVENUE NW
    WASHINGTON,DC20036     		NONE PC GENERAL OPERATING SUPPORT 3,500
    PARALYZED VETERANS OF AMERICA
    801 EIGHTEENTH STREET NW
    WASHINGTON,DC20006     		NONE PC GENERAL OPERATING SUPPORT 5,000
    AMERICAN ACADEMY IN BERLIN
    14 EAST 60TH STREET
    NEW YORK,NY10022     		NONE PC GENERAL OPERATING SUPPORT 5,000
    GREENWICH HOSPITAL
    5 PERRYRIDGE ROAD
    GREENWICH,CT06830     		NONE PC GENERAL OPERATING SUPPORT 25,000
    UNIVERSITY OF ALABAMA SCHOOL OF LAW
    101 PAUL W BRYANT DRIVE BOX 870382
    TUSCALOOSA,AL35487     		NONE PC GENERAL OPERATING SUPPORT 2,500
    NATIONAL COALIATION FOR HOMELESS VE
    333 1/2 PENNSYLVANIA AVENUE SE
    WASHINGTON,DC20003     		NONE PC GENERAL OPERATING SUPPORT 5,000
    Total .................................bullet 3a 2,509,865
    bApproved for future payment
    THE PALEY CENTER FOR MEDIA
    25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC PALEY TELEVISION FESTIVAL 1,000,000
    THE PALEY CENTER FOR MEDIA
    25 WEST 52ND STREET
    NEW YORK,NY10019     		NONE PC GENERAL PROGRAM 3,359,114
    THE JERUSALEM FOUNDATION
    60 EAST 42ND STREET
    NEW YORK,NY10165     		NONE PC PALEY ART CENTER 100,000
    THE MUSEUM OF MODERN ART
    11 WEST 53RD STREET
    NEW YORK,NY10019     		NONE PC GENERAL OPERATING SUPPORT 110,000
    MADISON SQ BOYS GIRLS CLUB
    733 THIRD AVENUE FLOOR 2
    NEW YORK,NY10017     		NONE PC HARLEM CLUBHOUSE 1,500,000
    NY PRESBYTERIAN HOSPITAL
    525 EAST 68TH STREET BOX 123
    NEW YORK,NY10065     		NONE PC GENERAL OPERATING SUPPORT 10,000
    Total .................................bullet 3b 6,079,114
    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 1,112  
    4 Dividends and interest from securities....     14 1,087,813  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 230,995  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....     14 108,937  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 5,191,067  
    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)..   6,619,924  
    13Total. Add line 12, columns (b), (d), and (e)..................
    136,619,924
    (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: 15000324
    Software Version: 2015v2.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT 51,518 5,152 0 44,308
    TAX & ACCOUNTING 96,000 9,600 0 99,180

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

    TY 2015 DepreciationSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    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
    BUILIDING IMPROVEMENTS 2006-09-28 29,650 7,904 SL 30.0000 988      
    BUILDING IMPROVEMENTS 2008-07-01 3,035 2,821 SL 7.0000 214      
    CARPETING 5TH FLOOR 2009-09-02 2,812 2,144 SL 7.0000 402      
    ELEVATOR IMPROVEMENTS 2012-10-01 355,498 26,662 SL 30.0000 11,850      
    LOCAL LAW 11 IMPROVEMENTS 2012-07-01 96,081 8,007 SL 30.0000 3,203      
    ELEVATOR IMPROVEMENTS 2013-10-01 30,562 1,274 SL 30.0000 1,019      
    LOCAL LAW 11 IMPROVEMENTS 2013-07-01 802,108 39,404 SL 30.0000 26,737      
    FRONT GLASS DOORS 2013-12-01 16,425 2,346 SL 7.0000 2,346      
    LOCAL LAW 11 IMPROVEMENT 2014-03-01 119,905 3,331 SL 30.0000 3,997      
    BACKFLOW DEVICE 2015-03-31 5,508   SL 30.0000 138      
    STEAM TRAP 2015-03-31 6,147   SL 30.0000 154      
    FRONT GLASS DOORS 2015-05-31 4,513   SL 7.0000 376      

    TY 2015 GeneralExplanationAttachment
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF STATEMENT 21FORM 990PF, PART II, LINE 22OTHER LIABILITIESFUNDS HELD FOR THE BENEFIT OF OTHERS -THE PALEY CENTER FOR MEDIA25 WEST 52ND STREETNEW YORK, NY 10019 $51,871,668THE GREENPARK FOUNDATION, INCC/O BENCIVENGA WARD & COMPANY, CPAS, PC420 COLUMBUS AVENUE, SUITE 304VALHALLA, NY 10595 $18,013,214TOTAL $69,884,882

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JP MORGAN SHORT TERM BOND FUND 2,349,418 2,349,418
    EATON VANCE MUTUAL FUNDS    
    JP MORGAN HIGH YIELD BOND FUND 511,119 511,119
    JP MORGAN STRATEGIC INCOME 1,688,198 1,688,198
    JP MORGAN TOTAL RETURN FUND 1,920,226 1,920,226
    PIMCO TOTAL RETURN FUND 1,711,646 1,711,646
    DOUBLELINE TOTAL RETURN BOND 1,794,306 1,794,306
    JPM UNCONSTRATINED DEBT FD 587,378 587,378

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS CO 1,425,775 1,425,775
    BERKSHIRE HATHAWAY, INC 8,137,516 8,137,516
    BROWN & BROWN, INC 329,828 329,828
    COCA COLA CO. 481,152 481,152
    COMCAST CORP 904,009 904,009
    SIRONA DENTAL SYSTEMS 268,447 268,447
    DANAHER CORP 2,191,968 2,191,968
    DIAGEO PLC 427,773 427,773
    FASTENAL CORP 3,088,931 3,088,931
    IDEXX LABORATORIES, INC 1,996,841 1,996,841
    MOHAWK INDUSTRIES 1,330,086 1,330,086
    NESTLE S A A/D/R 647,231 647,231
    NOVARTIS A G A/D/R 689,955 689,955
    TJX COMPANIES INC 4,181,350 4,181,350
    UNILEVER PLC A/D/R    
    UNILEVER N V 274,562 274,562
    WAL MART STORES INC 416,043 416,043
    EMCOR GROUP INC 308,609 308,609
    ROLLS ROYCE GROUP PLC 1,409,744 1,409,744
    EXOR SPA 25,724 25,724
    OMNICOM GROUP INC 926,305 926,305
    PRAXAIR INC 902,554 902,554
    PRECISION CASTPARTS CORP 2,955,111 2,955,111
    IMI PLC 317,111 317,111
    CANADIAN NATURAL RESOURCES LTD 56,059 56,059
    QINETIQ GROUP PLC    
    BAXTER INTERNATIONAL    
    COSTCO WHOLESALE CORP 1,623,075 1,623,075
    CRODA INTERNATIONAL PLC 680,297 680,297
    GOLDMAN SACHS GROUP INC 1,017,218 1,017,218
    GOOGLE INC    
    HISCOX LTD 847,942 847,942
    INTERNATIONAL BUSINESS MACHINES 835,766 835,766
    PERRIGO CO 858,650 858,650
    VALENT PHARAMACEUTICALS 14,184,749 14,184,749
    VISA INC 1,580,469 1,580,469
    WELLS FARGO 823,282 823,282
    WORLD FUEL SERVICE CORP    
    TRIMBLE NAVIGATION LTD 30,631 30,631
    WATERS CORP 744,496 744,496
    JACOBS ENGINEERING GROUP INC 836,147 836,147
    NOVOZYMES A/S-B SHARES    
    TIFFANY & CO 375,194 375,194
    CABELA'S INC CLASS A 271,875 271,875
    CIE FINANCIERE RICHEEMON 80,601 80,601
    SERCO GROUP PLC    
    ALLERGAN PLC 1,663,438 1,663,438
    ALPHABET INC 3,437,564 3,437,564
    BAXALTA INC 408,254 408,254
    BED BATH & BEYOND 358,980 358,980
    CELANESE CORP 322,511 322,511
    CHUBB CO 180,390 180,390
    DISCOVER COMMUNICATIONS 460,013 460,013
    EBAY 95,768 95,768
    EOG RESOURCES 448,809 448,809
    HENRY SCHEIN NC 98,869 98,869
    LIBERTY INTERACTIVE CORP 382,480 382,480
    MICROSOFT CORP 792,809 792,809
    MONSANTO CO 308,072 308,072
    OCCIDENTIAL PETROLEUM CORP 276,863 276,863
    ORACLE CORP 845,377 845,377
    PAYPAL HOLDINGS INC 260,278 260,278
    PROGRESSIVE CORP 459,510 459,510
    QUALCOMM 520,594 520,594
    SCHLUMBERGER LTD 338,985 338,985
    SOUTHWESTERN ENERGY CO 93,887 93,887
    US BANCORP 835,479 835,479

    TY 2015 InvestmentsLandSchedule2
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 10,798 10,798    
    Buildings 379,455 379,455   19,592,627
    Improvements 2,163,051 836,124 1,326,927 1,326,927
    Land 330,446   330,446 330,446
    Miscellaneous 10,155 10,155    

    TY 2015 InvestmentsOtherSchedule2
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SELECT EQUITY PARTNERSHIP AT COST 16,545,064 16,545,064

    TY 2015 LandEtcSchedule2
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Machinery and Equipment 14,640 14,640    


    TY 2015 LegalFeesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATION 25,178 46,370 0 46,371


    TY 2015 OtherDecreasesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Amount
    NET UNREALIZED LOSS ON INVESTMENTS 12,737,550
    ROUNDING 1


    TY 2015 OtherExpensesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 1,500      
    GENERAL INSURANCE 1,924     1,924
    PAYROLL PROCESSING FEES 720     720
    Rental Expenses 639,170 639,170    
    SUPPLIES 6,289     5,966


    TY 2015 OtherIncomeSchedule2
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 108,937 108,937  


    TY 2015 OtherIncreasesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Amount
    NET CHANGE FOR GREENPARK ENDOWMENT 1,030,613
    NET CHANGE FOR PALEY CENTER ENDOWMENT 6,074,730


    TY 2015 OtherLiabilitiesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 42,528 52,209
    SEE STATEMENT #21 76,990,225 69,884,882


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATION 41,014 0 0 42,094
    ADVISORY & CUSTODY FEES 1,191,163 1,191,163 0 0
    FOREIGN EXCHANGE 587 587 0 0


    TY 2015 TaxesSchedule
    Name:
    WILLIAM S PALEY FOUNDATION INC
     
    co BENCIVENGA WARD & COMPANY CPAs PC
    EIN:
    13-6085929
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX - DEFERRED 146,039      
    FOREIGN TAXES 13,468 13,468