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
Quest Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 339
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Danville, CA94526
A Employer identification number

20-1844715
B Telephone number (see instructions)

(925) 743-1925
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$93,101,251J 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) 2,209,009
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 552,692 552,692  
4 Dividends and interest from securities... 1,534,610 1,534,610  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,512,088
b Gross sales price for all assets on line 6a 34,416,249
7 Capital gain net income (from Part IV, line 2)... 3,356,459
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 181,568 181,568  
12 Total. Add lines 1 through 11........ 6,989,967 5,625,329  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 226,979 22,698   227,795
14 Other employee salaries and wages...... 9,768 0   9,768
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 58,614 29,307   24,875
c Other professional fees (attach schedule).... Click to see attachment 351,046 345,296   5,750
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 71,826 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 29,782 2,978   28,316
21 Travel, conferences, and meetings....... 6,524 0   6,813
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,935 0   7,766
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 762,474 400,279   311,083
25 Contributions, gifts, grants paid....... 4,724,832 4,333,650
26 Total expenses and disbursements. Add lines 24 and 25 5,487,306 400,279   4,644,733
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,502,661
b Net investment income (if negative, enter -0-) 5,225,050
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......... 3,451,507 4,422,697 4,422,697
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet121,182
Less: allowance for doubtful accounts bullet0 120,303 121,182 121,182
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 12,839,806 Click to see attachment7,438,171 7,438,171
b Investments—corporate stock (attach schedule)....... 24,829,203 Click to see attachment25,428,171 25,428,171
c Investments—corporate bonds (attach schedule)....... 24,556,226 Click to see attachment23,466,207 23,466,207
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 30,018,804 Click to see attachment32,047,724 32,047,724
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment210,379 Click to see attachment177,099 Click to see attachment177,099
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 96,026,228 93,101,251 93,101,251
Liabilities 17 Accounts payable and accrued expenses.......... 35,853 32,996
18 Grants payable.................. 779,346 1,170,527
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 attachment119,450 Click to see attachment155,579
23 Total liabilities (add lines 17 through 22)......... 934,649 1,359,102
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 95,091,579 91,742,149
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)..... 95,091,579 91,742,149
31 Total liabilities and net assets/fund balances (see instructions). 96,026,228 93,101,251
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
95,091,579
2
Enter amount from Part I, line 27a .....................
2
1,502,661
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
96,594,240
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,852,091
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
91,742,149
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 Bernstein P   2015-12-31
b Brown Brothers Harriman P   2015-12-31
c Dodge & Cox (custodian Schwab) P   2015-12-31
d Dodge & Cox (custodian Schwab) D   2015-12-31
e JP Morgan P   2015-12-31
JP Morgan D   2015-12-31
Morgan Stanley Main x3194 P   2015-12-31
Morgan Stanley Main x3184 Cash Alt. P   2015-12-31
Charles Schwab Sharf x6437 P   2015-12-31
UnionBanc Investments P   2015-12-31
Morgan Stanley Credit Partners x9118 P   2015-12-31
Morgan Stanley Credit Partners P   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 1,743,505   1,463,635 279,870
b 3,019,001   2,501,777 517,224
c 1,635,193   1,180,644 454,549
d 894,338   426,874 467,464
e 9,608,905   9,523,547 85,358
1,894,097   1,437,144 456,953
5,610,502   5,266,975 343,527
158,384   126,442 31,942
4,435,731   3,670,870 764,861
5,050,000   5,050,000 0
298,237   284,706 13,531
68,356   127,176 -58,820
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       279,870
b       517,224
c       454,549
d       467,464
e       85,358
      456,953
      343,527
      31,942
      764,861
      0
      13,531
      -58,820
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 3,356,459
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 4,282,786 92,310,900 0.046395
2013 4,068,829 88,202,769 0.046130
2012 4,489,548 86,227,706 0.052066
2011 4,354,768 87,136,809 0.049976
2010 3,948,057 86,403,571 0.045693
2
Total of line 1, column (d) .....................
20.240260
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
0.048052
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
93,157,389
5
Multiply line 4 by line 3......................
5
4,476,399
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
52,251
7
Add lines 5 and 6........................
7
4,528,650
8
Enter qualifying distributions from Part XII, line 4.............
8
4,644,733
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 52,251
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 0
3 Add lines 1 and 2........................... 3 52,251
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 52,251
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 110,632
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 21,371
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 132,003
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 79,752
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet79,752 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletCA
    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 ofbulletMary Goriup Telephone no.bullet (925) 743-1925

    Located atbulletPO Box 339DanvilleCA ZIP+4bullet94526
    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
    Dorothy Jernstedt President/Director
    2.00     		0 0 0
    PO Box 339
    Danville,CA94526
    Richard Becher CFO/Director
    2.00     		0 0 0
    PO Box 339
    Danville,CA94526
    Derek Jernstedt Executive Director
    32.00     		180,626 0 0
    PO Box 339
    Danville,CA94526
    Jaci Jernstedt Director
    2.00     		6,004 0 0
    PO Box 339
    Danville,CA94526
    Jennifer Jernstedt Asst Secretary/ Audit Committee Chair
    2.00     		0 0 0
    PO Box 339
    Danville,CA94526
    Mary Goriup Foundation Manager
    15.00     		40,350 0 0
    PO Box 339
    Danville,CA94526
    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 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    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
    89,838,598
    b
    Average of monthly cash balances.......................
    1b
    4,737,431
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    94,576,029
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    94,576,029
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,418,640
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    93,157,389
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,657,869
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    4,657,869
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    52,251
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    52,251
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,605,618
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,605,618
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,605,618
    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
    4,644,733
    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
     
    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
    4,644,733
    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
    52,251
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,592,482
    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 4,605,618
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 4,268,650
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,644,733
    a Applied to 2014, but not more than line 2a 4,268,650
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 376,083
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		4,229,535
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		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....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    E Oakland Youth Development Center
    8200 International Boulevard
    Oakland,CA94621     		None Public Charities Grants and Allocations 39,250
    Esperanza Elementary School
    10315 E St
    Oakland,CA94603     		None Public Charities Grants and Allocations 22,728
    Boys & Girls Club of the Peninsula
    401 Pierce Rd
    Menlo Park,CA94025     		None Public Charities Grants and Allocations 25,000
    Oregon Health & Science Foundation
    1121 SW Salmon Street Suite 200
    Portland,OR97205     		None Public Charities Grants and Allocations 30,126
    Relief Nursery
    1720 West 25th Avenue
    Eugene,OR97405     		None Public Charities Grants and Allocations 35,000
    Portland State University Fdn
    PO Box 751
    Portland,OR97207     		None Public Charities Grants and Allocations 25,000
    GATE Academy
    1 St Vincent Drive
    San Rafael,CA94903     		None Public Charities Grants and Allocations 4,735
    Reading Partners
    180 Grand Ave Suite 800
    Oakland,CA94612     		None Public Charities Grants and Allocations 40,860
    Palo Alto Preparatory School
    2462 Wyandotte Street
    Mountain View,CA94043     		None Public Charities Grants and Allocations 15,750
    BELL
    60 Clayton St
    Dorchester,MA02122     		None Public Charities Grants and Allocations 17,798
    Waterside Workshops
    84 Bolivar Drive
    Berkeley,CA94710     		None Public Charities Grants and Allocations 8,596
    zSharp
    564 MARKET STREET SUITE 623
    San Francisco,CA94104     		None Public Charities Grants and Allocations 2,933
    Super Stars Literacy
    333 Hegenberger Rd Ste 503
    Oakland,CA94621     		None Public Charities Grants and Allocations 25,500
    LEAP Therapeutic Wilderness Adv
    806 SW Broadway Suite 300
    Portland,OR97205     		None Public Charities Grants and Allocations 10,125
    Project Leap The Way
    3939 Priority Way South Drive Suite
    200
    Indianapolis,IN46240     		None Public Charities Grants and Allocations 15,000
    Dover Elementary School
    1870 19th Street
    San Pablo,CA94806     		None Public Charities Grants and Allocations 22,380
    Crossroads Ministries
    502 N Main Street POBox 191
    Goldfield,IA50542     		None Public Charities Grants and Allocations 4,550
    Santa Barbara Education Fund
    1330 State Street Suite 201
    Santa Barbara,CA93101     		None Public Charities Grants and Allocations 15,000
    YMCA of the East Bay
    263 South 20th Street
    Richmond,CA94804     		None Public Charities Grants and Allocations 17,000
    Living Yoga
    5100 SW Macadam Suite 360
    Portland,OR97239     		None Public Charities Grants and Allocations 10,000
    Diablo Ballet
    PO Box 4700
    Walnut Creek,CA94596     		None Public Charities Grants and Allocations 12,000
    El Sistema USASalinas
    820 Park Row 672
    Salinas,CA93901     		None Public Charities Grants and Allocations 50,000
    Dr William Cobb Elementary
    2725 California Street
    San Francisco,CA94115     		None Public Charities Grants and Allocations 6,500
    Reach for the Future
    PO Box 30851
    Spokane,WA99223     		None Public Charities Grants and Allocations 10,000
    Lincoln Park Zoo
    2001 North Clark Street
    Chicago,IL60614     		None Public Charities Grants and Allocations 45,971
    Montalvo Arts Center
    15400 Montalvo Road PO Box 158
    Saratoga,CA95070     		None Public Charities Grants and Allocations 21,000
    The Field Museum
    1400 South Lake Shore Drive
    Chicago,IL60605     		None Public Charities Grants and Allocations 31,051
    California Academy of Sciences
    55 Music Concourse Drive Golden
    Gate Park
    San Francisco,CA94118     		None Public Charities Grants and Allocations 20,000
    Rythmix Cultural Works
    2513 Blanding Avenue
    Alameda,CA94501     		None Public Charities Grants and Allocations 5,481
    St Joseph the Provider School
    1125 Turin Ave
    Youngstown,OH44510     		None Public Charities Grants and Allocations 17,000
    Ujima Family Recovery
    1901 Church Lane
    San Pablo,CA94806     		None Public Charities Grants and Allocations 60,000
    REALM Charter School
    2023 8th Street
    Berkeley,CA94710     		None Public Charities Grants and Allocations 30,000
    Bayview Hunters Point YMCA
    1601 Lane Street
    San Francisco,CA94124     		None Public Charities Grants and Allocations 15,445
    College Summit
    703 Market St Suite 1201
    San Francisco,CA94103     		None Public Charities Grants and Allocations 50,000
    Discovery Counseling Center
    115A Town Country Drive
    Danville,CA94526     		None Public Charities Grants and Allocations 30,000
    Challenge Day
    2520 Stanwell Drive Suite 160
    Concord,CA94520     		None Public Charities Grants and Allocations 47,872
    Childhaven
    316 Broadway
    Seattle,WA98122     		None Public Charities Grants and Allocations 25,000
    Assistance League of Omaha
    3569 Leavenworth
    Omaha,NE68105     		None Public Charities Grants and Allocations 25,000
    Dovetail Learning
    825 Gravenstein Hwy North Suite 2
    Sebastopol,CA95472     		None Public Charities Grants and Allocations 38,000
    Parenting Now
    86 Centennial Loop
    Eugene,OR97401     		None Public Charities Grants and Allocations 37,222
    Child Advocates of Silicon Valley Inc
    509 Valley Way
    Milpitas,CA95035     		None Public Charities Grants and Allocations 40,000
    GirlVentures
    3543 18th Street Suite 18
    San Francisco,CA94110     		None Public Charities Grants and Allocations 23,000
    Hope Center for Kids
    2200 North 20th Street
    Omaha,NE68110     		None Public Charities Grants and Allocations 25,000
    NatureBridge
    28 Geary Street Suite 650
    San Francisco,CA94108     		None Public Charities Grants and Allocations 50,000
    Salmon Creek Hospital Foundation
    2211 NE 139th St PO Box 5245
    Vancouver,WA98686     		None Public Charities Grants and Allocations 23,288
    Northwest Academy
    1130 SW Main Street
    Portland,OR97205     		None Public Charities Grants and Allocations 55,000
    Direction Services Inc
    PO Box 51360
    Eugene,OR97405     		None Public Charities Grants and Allocations 61,125
    The Bay Area Urban Network
    735 105th Ave
    Oakland,CA94603     		None Public Charities Grants and Allocations 30,000
    Boys & Girls Clubs of Marin and S Sonoma
    117 Paul Dr Suite B
    San Rafael,CA94903     		None Public Charities Grants and Allocations 75,000
    The Laurel School
    350 Ninth Avenue
    San Francisco,CA94118     		None Public Charities Grants and Allocations 15,000
    Project Kindle Inc
    28245 Ave Crocker Suite 104
    Valencia,CA91355     		None Public Charities Grants and Allocations 10,000
    Boys & Girls Clubs of Sonoma Valley
    100 West Verano Ave
    Sonoma,CA95476     		None Public Charities Grants and Allocations 40,000
    Down Syndrome Connection of the Bay Area
    101-J Town Country Dr
    Danville,CA94526     		None Public Charities Grants and Allocations 75,000
    Friends of Civic Arts Education Fdn
    1666 N Main Street
    Walnut Creek,CA94596     		None Public Charities Grants and Allocations 18,950
    Assistance League of Diablo Valley
    1301 Alhambra Avenue
    Martinez,CA94553     		None Public Charities Grants and Allocations 30,000
    New Vision Renewable Energy
    POBox 425
    Philippi,WV26416     		None Public Charities Grants and Allocations 8,000
    Spark
    555 De Haro Street Suite 330
    San Francisco,CA94107     		None Public Charities Grants and Allocations 35,000
    Community School for Creative Education
    2111 International Blvd
    Oakland,CA94606     		None Public Charities Grants and Allocations 11,744
    Bridge Meadows
    8502 N Wayland Ave
    Portland,OR97203     		None Public Charities Grants and Allocations 50,000
    St Francis Center of Redwood City
    151 Buckingham Ave
    Redwood City,CA94063     		None Public Charities Grants and Allocations 20,000
    Raising A Reader
    330 Twin Dolphin Dr Suite 147
    Redwood City,CA94065     		None Public Charities Grants and Allocations 30,000
    St Mary's Academy
    1615 SW Fifth Avenue
    Portland,OR97201     		None Public Charities Grants and Allocations 25,000
    The Ruth Bancroft Garden
    1552 Bancroft Rd
    Walnut Creek,CA94598     		None Public Charities Grants and Allocations 20,000
    Youth Enrichment Strategies
    3029 Macdonald Ave
    Richmond,CA94804     		None Public Charities Grants and Allocations 50,000
    The Youth Foundation
    PO Box 339
    Danville,CA94526     		None Public Charities Grants and Allocations 50,000
    Huckleberry Youth Programs
    3310 Geary Blvd
    San Francisco,CA94118     		None Public Charities Grants and Allocations 50,000
    New Leaders
    505 14th St Suite 250
    Oakland,CA94612     		None Public Charities Grants and Allocations 125,000
    Mission Graduates
    3040 16th Street
    San Francisco,CA94103     		None Public Charities Grants and Allocations 65,218
    Teen Esteem
    PO Box 966
    Danville,CA94526     		None Public Charities Grants and Allocations 10,000
    Center for Early Intervention on Deafness
    CEID 1035 Grayson Street
    Berkeley,CA94710     		None Public Charities Grants and Allocations 50,000
    Alameda Family Services
    2325 Clement Avenue
    Alameda,CA94501     		None Public Charities Grants and Allocations 25,000
    Education For Change Public Schools
    3265 Logan Street
    Oakland,CA94601     		None Public Charities Grants and Allocations 25,436
    Friends of the Children NY
    204A West 115th Street
    New York,NY10026     		None Public Charities Grants and Allocations 52,500
    Partnership 4 Kids
    1004 Farnam Street Suite 200
    Omaha,NE68102     		None Public Charities Grants and Allocations 7,500
    McCallum Theatre
    73000 Fred Waring Drive
    Palm Desert,CA92260     		None Public Charities Grants and Allocations 30,000
    Friends of the Children Portland
    44 NE Morris
    Portland,OR97212     		None Public Charities Grants and Allocations 135,000
    Shelter Inc
    1333 Willow Pass Rd Suite 206
    Concord,CA94520     		None Public Charities Grants and Allocations 45,000
    BELL
    60 Clayton St
    Dorchester,MA02122     		None Public Charities Grants and Allocations 25,000
    Elevate Oregon
    4916 NE 122nd Ave
    Portland,OR97230     		None Public Charities Grants and Allocations 25,000
    Today's Youth Matter
    469 Valley Way
    Milpitas,CA95035     		None Public Charities Grants and Allocations 25,000
    LEAP Therapeutic Wilderness Adventures
    806 SW Broadway Suite 300
    Portland,OR97205     		None Public Charities Grants and Allocations 15,000
    Game Theory Academy
    337 17th St 101
    Oakland,CA94612     		None Public Charities Grants and Allocations 20,000
    Aim High for High School
    PO Box 410715
    San Francisco,CA94141     		None Public Charities Grants and Allocations 50,000
    Bay Area Crisis Nursery
    1506 Mendocino Drive
    Concord,CA94521     		None Public Charities Grants and Allocations 25,000
    Forest Home Ministries
    40000 Valley of the Falls Dr
    Forest Falls,CA92339     		None Public Charities Grants and Allocations 30,000
    College Track
    112 Linden Street
    Oakland,CA94607     		None Public Charities Grants and Allocations 114,000
    People's Music School
    931 W Eastwood Ave
    Chicago,IL60640     		None Public Charities Grants and Allocations 20,000
    BUILD
    2385 Bay Road
    Redwood City,CA94063     		None Public Charities Grants and Allocations 35,000
    Ted E Bear Hollow
    7811 Farnam Dr
    Omaha,NE68114     		None Public Charities Grants and Allocations 12,552
    Ronald McDonald House Charities
    620 S 38th Ave
    Omaha,NE68105     		None Public Charities Grants and Allocations 35,000
    Assistance League of Eugene
    1149 Willamette Street
    Eugene,OR97401     		None Public Charities Grants and Allocations 25,000
    Envision Education
    111 Myrtle Street Suite 203
    Oakland,CA94607     		None Public Charities Grants and Allocations 24,658
    zSharp
    564 MARKET STREET SUITE 623
    San Francisco,CA94104     		None Public Charities Grants and Allocations 25,000
    Summer Search Bay Area
    101 Howard Street Suite 250
    San Francisco,CA94105     		None Public Charities Grants and Allocations 65,000
    Monterey Jazz Festival
    PO Box JAZZ
    Monterey,CA93942     		None Public Charities Grants and Allocations 25,000
    CASA Inc
    330 Twin Dolphin Drive Suite 139
    Redwood City,CA94065     		None Public Charities Grants and Allocations 25,000
    The Art of Yoga Project
    555 Bryant Street 232
    Palo Alto,CA94301     		None Public Charities Grants and Allocations 20,000
    California Academy of Sciences
    55 Music Concourse Drive Golden
    Gate Park
    San Francisco,CA94118     		None Public Charities Grants and Allocations 30,000
    Bay Area Community Resources
    3219 Pierce St
    Richmond,CA94804     		None Public Charities Grants and Allocations 50,000
    Fit Kids Foundation
    2682 Middlefield Road Unit P
    Redwood City,CA94063     		None Public Charities Grants and Allocations 8,584
    Oakland School for the Arts
    530 18th Street
    Oakland,CA94612     		None Public Charities Grants and Allocations 10,000
    There With Care of the Bay Area
    3475 Edison Way Suite H
    Menlo Park,CA94025     		None Public Charities Grants and Allocations 25,000
    Contra Costa Kops for Kids
    1430 Willow Pass Road Suite 130
    Concord,CA94520     		None Public Charities Grants and Allocations 5,000
    Playworks Northern California
    650 5th Street Suite 311
    San Francisco,CA94107     		None Public Charities Grants and Allocations 50,000
    San Leandro Boys & Girls Clubs
    401 Marina Boulevard PO Box 234
    San Leandro,CA94577     		None Public Charities Grants and Allocations 34,800
    Upward Roots
    270 Grand Avenue Suite 1
    Oakland,CA94610     		None Public Charities Grants and Allocations 15,000
    The First Tee of Oakland
    11425 Golf Links Rd
    Oakland,CA94605     		None Public Charities Grants and Allocations 20,000
    Super Stars Literacy
    333 Hegenberger Road Suite 503
    Oakland,CA94621     		None Public Charities Grants and Allocations 25,500
    Boys & Girls Clubs of the Peninsula
    401 Pierce Rd
    Menlo Park,CA94025     		None Public Charities Grants and Allocations 30,000
    Cantare Con Vivo
    1611 Telegraph Ave Suite 801
    Oakland,CA94612     		None Public Charities Grants and Allocations 25,000
    KIPP Bay Area Schools
    1404 Franklin Street 500
    Oakland,CA94612     		None Public Charities Grants and Allocations 75,000
    America SCORES Bay Area
    1610 Harrison Street
    San Francisco,CA94103     		None Public Charities Grants and Allocations 17,500
    Jumpstart
    65 Battery Street 2nd Floor
    San Francisco,CA94111     		None Public Charities Grants and Allocations 30,000
    Women's Center for Advancement
    222 South 29th Street
    Omaha,NE68131     		None Public Charities Grants and Allocations 10,000
    Mercy Housing
    1999 Broadway Suite 1000
    Denver,CO80202     		None Public Charities Grants and Allocations 18,720
    Vida Verde Nature Education
    3540 La Honda Road
    San Gregorio,CA94074     		None Public Charities Grants and Allocations 40,000
    Urban Initiatives
    650 W Lake St Ste 340
    Chicago,IL60661     		None Public Charities Grants and Allocations 30,000
    The Athenian School
    2100 Mt Diablo Scenic Blvd
    Danville,CA94506     		None Public Charities Grants and Allocations 46,888
    Mind Body Awareness Project
    3700 East 12th Street Suite 3B
    Oakland,CA94601     		None Public Charities Grants and Allocations 15,000
    Music In Schools Today
    582 Market Street Suite 213
    San Francisco,CA94104     		None Public Charities Grants and Allocations 10,000
    Kindering
    16120 NE 8th Street
    Bellevue,WA98008     		None Public Charities Grants and Allocations 25,000
    St Anne's
    155 North Occidental Boulevard
    Los Angeles,CA90026     		None Public Charities Grants and Allocations 20,000
    Marin County Foundation
    5 Hamilton Landing Ste 200
    Novato,CA94949     		None Public Charities Grants and Allocations 486,130
    Rancho Cielo
    710 Old Stage Rd PO Box 6948
    Salinas,CA93912     		None Public Charities Grants and Allocations 16,616
    Oakland Schools Foundation
    3700 Coolidge Ave
    Oakland,CA94602     		None Public Charities Grants and Allocations 66,068
    Total .................................bullet 3a 4,333,650
    bApproved for future payment
    National Council on Crime & Delinquency
    1970 Broadway
    Oakland,CA94612     		None Public Charities Grants and Allocations 13,247
    Dr William Cobb Elementary
    2725 California Street
    San Francisco,CA94115     		None Public Charities Grants and Allocations 6,000
    The Field Museum
    1400 South Lake Shore Drive
    Chicago,IL60605     		None Public Charities Grants and Allocations 25,949
    Redlands Symphony Association
    1200 E Colton Ave PO Box 3080
    Redlands,CA92373     		None Public Charities Grants and Allocations 100,000
    Community School for Creative Education
    2111 International Blvd
    Oakland,CA94606     		None Public Charities Grants and Allocations 3,394
    Marin Community Clinics
    1177 E Francisco Blvd Suite B
    San Rafael,CA94901     		None Public Charities Grants and Allocations 25,000
    Alameda Family Services
    2325 Clement Avenue
    Alameda,CA94501     		None Public Charities Grants and Allocations 25,000
    Partnership 4 Kids
    1004 Farnam Street Suite 200
    Omaha,NE68102     		None Public Charities Grants and Allocations 5,000
    Lighthouse Community Charter School
    444 Hegenberger Rd
    Oakland,CA94621     		None Public Charities Grants and Allocations 65,000
    SAN FRANCISCO CITY IMPACT DBA SAN FRANCISCO CITY ACADEMY
    PO Box 16217
    San Francisco,CA94116     		None Public Charities Grants and Allocations 30,000
    Oakland Unity Middle School
    Oakland Unity Middle
    Oakland,CA94605     		None Public Charities Grants and Allocations 17,780
    Off The Street Club
    6038 Brann Street
    Chicago,IL60624     		None Public Charities Grants and Allocations 40,000
    Upward Roots
    270 Grand Avenue Suite 1
    Oakland,CA94610     		None Public Charities Grants and Allocations 15,000
    Partnership for Los Angeles Schools
    1055 Wilshire Blvd Suite1850
    Los Angeles,CA90017     		None Public Charities Grants and Allocations 50,000
    Super Stars Literacy
    333 Hegenberger Road Suite 503
    Oakland,CA94621     		None Public Charities Grants and Allocations 25,500
    Worldreader
    2030 1st Avenue Suite 100
    Seattle,WA98121     		None Public Charities Grants and Allocations 30,000
    Completely Kids
    2566 St Marys Avenue
    Omaha,NE68105     		None Public Charities Grants and Allocations 4,000
    Diablo Ballet
    PO Box 4700
    Walnut Creek,CA94596     		None Public Charities Grants and Allocations 12,000
    Lincoln Park Zoo
    2001 North Clark Street
    Chicago,IL60614     		None Public Charities Grants and Allocations 48,950
    Wheel to Walk Foundation
    PO Box 20146
    Portland,OR97294     		None Public Charities Grants and Allocations 25,000
    Open Meadow Alternative Schools
    7633 N Wabash Ave Portland
    Portland,OR97217     		None Public Charities Grants and Allocations 25,000
    SF Child Abuse Prevention Center
    1757 Waller Street
    San Francisco,CA94117     		None Public Charities Grants and Allocations 100,000
    Roosevelt Middle School
    1926 E 19th St
    Oakland,CA94606     		None Public Charities Grants and Allocations 27,781
    Oakland Public Education Fund
    PO Box 21748
    Oakland,CA94602     		None Public Charities Grants and Allocations 34,000
    Oakland children's Fairyland
    699 Bellevue Avenue
    Oakland,CA94610     		None Public Charities Grants and Allocations 18,080
    Chartwell School
    2511 Numa Watson Road
    Seaside,CA93955     		None Public Charities Grants and Allocations 36,070
    Reach For The Future
    PO Box 30851
    Spokane,WA99223     		None Public Charities Grants and Allocations 20,000
    Kids' Country
    120A Town Country Dr
    Danville,CA94526     		None Public Charities Grants and Allocations 50,000
    First Graduate
    3130 20th St Suite 275
    San Francisco,CA94110     		None Public Charities Grants and Allocations 50,000
    Partners Fore Golf Inc
    2843 Hopyard Rd Suite 143
    Pleasanton,CA94588     		None Public Charities Grants and Allocations 14,925
    ACE Charter School
    1100 Shasta Avenue 250
    San Jose,CA95126     		None Public Charities Grants and Allocations 41,250
    El Sistema USASalinas
    820 Park Row 672
    Salinas,CA93901     		None Public Charities Grants and Allocations 50,000
    Rancho Cielo
    710 Old Stage Rd PO Box 6948
    Salinas,CA93912     		None Public Charities Grants and Allocations 29,201
    Oakland Schools Foundation
    3700 Coolidge Ave
    Oakland,CA94602     		None Public Charities Grants and Allocations 74,000
    Children's Home Aid
    125 S Wacker Drive Suite 1400
    Chicago,IL60606     		None Public Charities Grants and Allocations 33,400
    Total .................................bullet 3b 1,170,527
    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 ...........     		    14 552,692  
    4 Dividends and interest from securities....     14 1,534,610  
    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.....     14 181,568  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 2,512,088  
    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).. 0 4,780,958 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    134,780,958
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


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

    20-1844715
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    Quest Foundation
          		Employer identification number
    20-1844715
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    Dorothy Jernstedt  
    PO Box 339
     
    Danville, CA94526

    		$ 177,837


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    Dorothy Jernstedt  
    PO Box 339
     
    Danville, CA94526

    		$ 509,145


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    Dorothy Jernstedt  
    PO Box 339
     
    Danville, CA94526

    		$ 1,229,371


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

    Dorothy Jernstedt  
    PO Box 339
     
    Danville, CA94526

    		$ 54,873


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    Dorothy Jernstedt  
    PO Box 339
     
    Danville, CA94526

    		$ 128,037


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
     
     

    Dorothy Jernstedt  
    PO Box 339
     
    Danville, CA94526

    		$ 109,746


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

    20-1844715
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 Vanguard Growth ETF 1700 shares $ 177,837 2015-12-31
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 Vanguard High Dividend Yield 7800 shares $ 509,145 2015-12-31
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 Vanguard Mid-Cap ETF 10267 shares $ 1,229,371 2015-12-31
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 Time Warner Cable Inc 300 shares $ 54,873 2015-12-31
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    5
    		 Time Warner Cable Inc 700 shares $ 128,037 2015-12-31
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    6
    		 Time Warner Cable Inc 600 shares $ 109,746 2015-12-31
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    Quest Foundation
          		Employer identification number

    20-1844715
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 58,614 29,307   24,875

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Bonds - Dodge & Cox 7,414,656 7,414,656
    Bond Funds - Brown Brothers Harriman 5,202,098 5,202,098
    Bonds - Bernstein 5,331,962 5,331,962
    Bonds - MS Main 5,517,491 5,517,491

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Corporate Stock - Bernstein 4,932,217 4,932,217
    Corporate Stock - JP Morgan 3,634,140 3,634,140
    Corporate Stock - MS Cash Alter 6,678,700 6,678,700
    Corporate Stock - Scharf #11550 10,183,114 10,183,114

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    Quest Foundation
    EIN:
    20-1844715
    US Government Securities - End of Year Book Value:

    443,264
    US Government Securities - End of Year Fair Market Value:

    443,264
    State & Local Government Securities - End of Year Book Value:


    6,994,907
    State & Local Government Securities - End of Year Fair Market Value:


    6,994,907


    TY 2015 InvestmentsOtherSchedule2
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Stock Funds - Dodge & Cox FMV 11,361,709 11,361,709
    Stock Funds - Bernstein FMV 5,084,085 5,084,085
    Morgan Stanley Alternative Investments FMV 586,778 586,778
    Real Estate Income Fund - Brown Brothers FMV 684,716 684,716
    Equity Funds - Brown Brothers Harriman (See Attached) FMV 8,290,558 8,290,558
    Equity Funds - JP Morgan FMV 3,898,581 3,898,581
    Equity Funds - Dodge & Cox, Schwab FMV 1,224,031 1,224,031
    Real Estate Income Fund - MS Cash Alter FMV 340,398 340,398
    Equity Fund - MS #012231 FMV 576,868 576,868

    TY 2015 OtherAssetsSchedule
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Interest Receivable 210,379 177,099 177,099


    TY 2015 OtherDecreasesSchedule
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Description Amount
    Unrealized Losses 4,852,091


    TY 2015 OtherExpensesSchedule
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Other Expenses 4,201 0   4,032
    Insurance 3,734 0   3,734


    TY 2015 OtherIncomeSchedule2
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Portfolio Income 181,568 181,568 181,568


    TY 2015 OtherLiabilitiesSchedule
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Description Beginning of Year - Book Value End of Year - Book Value
    Accrued Taxes 92,774 124,471
    Accrued Expenses 26,676 31,108


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management 345,296 345,296   0
    Outside Contract Expenses 5,750 0   5,750


    TY 2015 TaxesSchedule
    Name:
    Quest Foundation
    EIN:
    20-1844715
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Taxes 71,826 0   0