Specialty Family Foundation — Form 990PF, tax year 2015

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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
SPECIALTY FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2260 E Maple Ave
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
El Segundo, CA90245
A Employer identification number

20-4896662
B Telephone number (see instructions)

(310) 535-9000
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$66,343,095J 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) 11
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 11 11  
4 Dividends and interest from securities... 900,862 900,862  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,050,851
b Gross sales price for all assets on line 6a 3,644,656
7 Capital gain net income (from Part IV, line 2)... 1,034,740
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 367,706 330,931  
12 Total. Add lines 1 through 11........ 2,319,441 2,266,544  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 271,167 0   271,167
14 Other employee salaries and wages...... 320,450 0   320,450
15 Pension plans, employee benefits....... 49,414 0   49,414
16a Legal fees (attach schedule)......... Click to see attachment 90,954 0   90,954
b Accounting fees (attach schedule)....... Click to see attachment 96,131 22,800   73,331
c Other professional fees (attach schedule).... Click to see attachment 221,379 127,606   93,773
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 42,420 0   38,132
19 Depreciation (attach schedule) and depletion... 9,198 0  
20 Occupancy.............. 91,797 0   91,797
21 Travel, conferences, and meetings....... 46,610 0   46,610
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 164,097 0   107,771
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,403,617 150,406   1,183,399
25 Contributions, gifts, grants paid....... 5,236,801 2,803,115
26 Total expenses and disbursements. Add lines 24 and 25 6,640,418 150,406   3,986,514
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,320,977
b Net investment income (if negative, enter -0-) 2,116,138
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............. 89,850 74,856 74,856
2 Savings and temporary cash investments......... 3,010,537 335,654 335,654
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 7,232    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 69,091,585 Click to see attachment63,362,735 63,362,735
14 Land, buildings, and equipment: basis bullet61,219
Less: accumulated depreciation (attach schedule) bullet39,904 26,344 21,315 21,315
15 Other assets (describe bullet) Click to see attachment23,622 Click to see attachment2,548,535 Click to see attachment2,548,535
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 72,249,170 66,343,095 66,343,095
Liabilities 17 Accounts payable and accrued expenses.......... 10,714 67,628
18 Grants payable.................. 1,042,215 2,350,901
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 attachment151,354 Click to see attachment114,064
23 Total liabilities (add lines 17 through 22)......... 1,204,283 2,532,593
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 71,044,887 63,810,502
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)..... 71,044,887 63,810,502
31 Total liabilities and net assets/fund balances (see instructions). 72,249,170 66,343,095
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
71,044,887
2
Enter amount from Part I, line 27a .....................
2
-4,320,977
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
66,723,910
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,913,408
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
63,810,502
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 Charles Schwab      
b Charles Schwab- cap gain dividends      
c From partnerships (non ubti) P    
d From partnerships (non ubti) P    
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,399,900   2,567,847 -167,947
b 1,080,894     1,080,894
c     25,958 -25,958
d 147,751     147,751
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -167,947
b       1,080,894
c       -25,958
d       147,751
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,034,740
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 4,776,278 71,765,684 0.066554
2013 4,378,098 59,446,374 0.073648
2012 4,457,049 55,108,929 0.080877
2011 4,265,721 57,258,047 0.074500
2010 3,053,153 55,387,875 0.055123
2
Total of line 1, column (d) .....................
20.350702
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
0.070140
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
69,201,891
5
Multiply line 4 by line 3......................
5
4,853,821
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
21,161
7
Add lines 5 and 6........................
7
4,874,982
8
Enter qualifying distributions from Part XII, line 4.............
8
3,986,514
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 42,323
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 42,323
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 42,323
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 43,086
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 73,086
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 30,763
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet30,763 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 addressbullethttp://www.specialtyfamilyfoundation.org/
    14
    The books are in care ofbulletGrant Niman Telephone no.bullet (310) 535-9000

    Located atbullet2260 E Maple AveEl SegundoCA ZIP+4bullet90245
    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
    Deborah Ann Peter Estes Family Director/President
    40.00     		0 0 0
    2260 E Maple Ave
    El Segundo,CA90245
    Joan Carol Noneman Family Director/Secretary
    1.00     		0 0 0
    2260 E Maple Ave
    El Segundo,CA90245
    James B Peter Jr Family Director
    1.00     		0 0 0
    2260 E Maple Ave
    el Segundo,CA90245
    Karen Marie Peter Cane Family Director/Vice President
    1.00     		0 0 0
    2260 E Maple Ave
    El Segundo,CA90245
    Christine Mary Gard Family Director
    1.00     		0 0 0
    2260 E Maple Ave
    El Segundo,CA90245
    Arthur L Peter Family Director/Treasurer
    1.00     		0 0 0
    2260 E Maple Ave
    El Segundo,CA90245
    Daniel Estes Family Director
    1.00     		0 0 0
    2260 E Maple Ave
    El Segundo,CA90245
    FR Val J Peter Family Director
    1.00     		0 0 0
    2260 E Maple Ave
    El Segundo,CA90245
    Robert Goldman Independent Director
    1.00     		0 0 0
    2260 E Maple Ave
    El Segundo,CA90245
    Mary Chambers Independent Director
    1.00     		0 0 0
    2260 E Maple Ave
    El Segundo,CA90245
    Bruce Willison Independent Director
    1.00     		0 0 0
    2260 E Maple Ave
    El Segundo,CA90245
    Joseph B Womac Executive Director
    40.00     		271,167 10,847 0
    2260 E Maple Ave
    El Segundo,CA90245
    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
    Julie Dwyer Director of Capacity
    40.00     		134,414 5,020 0
    2260 E Maple Ave
    El Segundo,CA90245
    Carol Rowe Program Director
    40.00     		110,275 4,411 0
    2260 E Maple Ave
    El Segundo,CA90245
    Tiann Ortez Administrator
    40.00     		76,855 0 0
    2260 E Maple Ave
    el Segundo,CA90245
    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
    Prodigy Asset Management investment 127,606
    14100 Crawford St
    Boys Town,CA68010
    Niman & Associates Accounting 57,000
    2260 E Maple Ave
    El Segundo,CA90245
    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
    37,991,892
    b
    Average of monthly cash balances.......................
    1b
    1,404,942
    c
    Fair market value of all other assets (see instructions)................
    1c
    30,858,893
    d
    Total (add lines 1a, b, and c).........................
    1d
    70,255,727
    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
    70,255,727
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,053,836
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    69,201,891
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,460,095
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    3,460,095
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    42,323
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
    3,972
    c
    Add lines 2a and 2b............................
    2c
    46,295
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,413,800
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,413,800
    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
    3,413,800
    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
    3,986,514
    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
    3,986,514
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,986,514
    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 3,413,800
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 279,037
    b From 2011...... 1,420,639
    c From 2012...... 1,760,813
    d From 2013...... 1,469,619
    e From 2014...... 1,224,237
    fTotal of lines 3a through e........ 6,154,345
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 3,986,514
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 3,413,800
    e Remaining amount distributed out of corpus 572,714
    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 6,727,059
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		279,037
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		6,448,022
    10 Analysis of line 9:
    a Excess from 2011.... 1,420,639
    b Excess from 2012.... 1,760,813
    c Excess from 2013.... 1,469,619
    d Excess from 2014.... 1,224,237
    e Excess from 2015.... 572,714
    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).)
    Deborah Ann Peter Estes
    James B Peter Jr
    Karen Marie Peter Cane
    Christine Mary Gard
    Arthur L Peter
    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
    Alzheimer's FoA7L13undation for America
    322 8th Ave 700
    New York,NY10001     		NONE Foundation Donation 5,000
    Archdiocese of LA
    3424 Wilshire Blvd
    Los Angeles,CA90010     		NONE Religious Grant for Operational Activities 90,700
    Art Trek Inc
    703 Rancho Conejo Blvd
    Newbury Park,CA91320     		NONE Public Operations 20,000
    Ascension Schools
    517 W 112th St
    Los Angeles,CA90044     		NONE Religious Scholarships 20,000
    Association of Catholic Student Councils
    107 South Fair Oaks Ave Suite 214
    Pasadena,CA91105     		NONE Religious Programs 15,000
    Assumption Catholic School
    3016 Winter St
    Los Angeles,CA90063     		NONE School Scholarships 10,000
    Bellarmine Jefferson High School
    465 E Olive Ave
    Burbank,CA91501     		NONE School Scholarships 1,000
    Bishop Alemany High School
    11111 Alemany Dr
    Mission Hills,CA91345     		NONE School Scholarships 11,000
    Bishop Amat Memorial HS
    14301 Fairgrove Ave
    La Puente,CA91746     		NONE School Scholarships 1,000
    Bishop Conaty - Our Lady of Loretto HS
    2900 W Pico Blvd
    Los Angeles,CA90006     		NONE School Scholarships 32,750
    Bishop Montgomery HS
    5430 Torrance Blvd
    Los Angeles,CA90503     		NONE School Scholarships 10,000
    Bishop Mora Salesian
    960 South Soto St
    Los Angeles,CA90023     		NONE School Scholarships 15,900
    Boys Town
    14100 Crawford St
    Boys Town,NE68010     		NONE Public Father Peter Fund 10,000
    Cantwell Sacred Heart of Mary High School
    329 N Garfield Ave
    Montebello,CA90640     		NONE School Scholarships 5,500
    Cardinal's Award Dinner
    3424 Wilshire Blvd 5th Fl
    Los Angeles,CA90005     		NONE Religious Donation 5,500
    CASA of Los Angeles
    201 Centre Plaza Dr 1101
    Monterey Park,CA91754     		NONE Public Operations 1,500
    Cathedral High School
    1253 Bishops Road
    Los Angeles,CA90012     		NONE School Scholarships 25,300
    Catholic Education Foundation
    3424 Wilshire Boulevard
    Los Angeles,CA90010     		NONE Religious Donation 10,000
    Catholic Schools Collaborative
    312 E 1st Street Suite 342
    Los Angeles,CA90012     		NONE Religious Operations, program 354,001
    Clare Foundation
    909 Pico Boulevard
    Santa Monica,CA90405     		NONE Foundation Substance Abuse Initiative 100,000
    Club 21 Learning & Resource Center
    539 N Lake Ave
    Pasadena,CA91101     		NONE Public Operations 10,000
    Crespi Carmelite High School
    5031 Alonzo Ave
    Encino,CA91316     		NONE School Scholarships 1,000
    Department of Catholic Schools
    3424 Wilshire Blvd 2nd Floor
    Los Angeles,CA90010     		NONE Religious Programs 29,644
    Dolores Mission School
    171 S Gless St
    Los Angeles,CA90033     		NONE School Scholarships 58,914
    Dominican Sisters Vision of Hope Schools
    412 South Mission Drive
    San Gabriel,CA91776     		NONE School Scholarships 1,500
    Don Bosco Technical High School
    1151 San Gabriel Blvd
    Rosemead,CA91770     		NONE School Scholarships 2,250
    FADICA Inc
    1350 Connecticut Ave NW
    Washington,CA20036     		NONE Public Symposium Fund 5,500
    Fisher House Foundation
    11301 Wilshire Blvd Bldg 512
    Los Angeles,CA90073     		NONE Foundation Donation 5,000
    Fulfillment Fund
    6100 Wilshire Blvd Suite 600
    Los Angeles,CA90048     		NONE Public Operations 10,000
    Guardian Angel School
    10919 Norris Ave
    Pacoima,CA91331     		NONE School Tuition assistance 75,083
    Heal the Bay
    1444 9th Street
    Santa Monica,CA90401     		NONE Foundation Donation 5,000
    HealthRight 360
    12423 Dahlia Avenue
    El Monte,CA91732     		NONE Foundation Grant for operational activites 100,000
    Holy Family High School
    209 E Lomita Ave
    Glendale,CA91205     		NONE School Scholarships 500
    Holy Name of Jesus Christ
    1955 W Jefferson Blvd
    Los Angeles,CA90018     		NONE School CSC Grant/tuition assistance/year 3 payments 32,500
    Homeboy Industries
    130 W Bruno St
    Los Angeles,CA90012     		NONE Public Grant for operational activites 35,000
    Immaculate Heart High School
    5515 Franklin Ave
    Los Angeles,CA90028     		NONE School Grant for operational activites 2,750
    Immaculate Conception School
    830 Green Ave
    Los Angeles,CA90017     		NONE School CSC Grant/year 3 payments/Christmas donation 15,000
    Japanese American National Museum
    100 N Central Ave
    Los Angeles,CA90012     		NONE Public Operations 2,225
    Junipero High School
    14830 S Van Ness Ave
    Gardena,CA90249     		NONE School Scholarships 13,754
    LA Phil Association
    151 S Grand Ave
    Los Angeles,CA90012     		NONE Public Grant for Symphonies for Schools 20,000
    Louisville High School
    22300 Mulholland Dr
    Woodland Hills,CA91364     		NONE School Scholarships 3,000
    Loyola High School
    1901 Venice Blvd
    Los Angeles,CA90006     		NONE School Tuition assistance / Scholarships 7,000
    Loyola Marymount University
    1 Loyola Marymount University Dr
    Los Angeles,CA90045     		NONE School Programs 175,000
    Mary Star of the Sea
    2500 N Taper Ave
    San Pedro,CA90731     		NONE School Scholarships 22,200
    Midnight Mission
    601 S San Pedro St
    Los Angeles,CA90014     		NONE Public Grant to support operational activities 25,000
    Nativity School
    944 West 56th St
    Los Angeles,CA90037     		NONE School CSC Grant/year 3 payments 22,500
    Notre Dame Academy
    2851 Overland Ave
    Los Angeles,CA90064     		NONE School Scholarships 7,000
    OPCC
    1453 16th St
    Santa Monica,CA90404     		NONE Public Donation 45,000
    Our Lady of Malibu Catholic School
    3625 Winter Canyon Road
    Malibu,CA90265     		NONE School Tuition Assistance 14,184
    Our Lady of Peace
    9022 Langdon Ave
    North Hills,CA91343     		NONE School Tuition Assistance 47,665
    Philanthropy Roundtable
    1730 M Street NW Suite 601
    Washington,DC20036     		NONE Public Operations 3,500
    Prototypes
    1000 Alameda St
    Los Angeles,CA90012     		NONE Public Operations 110,000
    Ramona Convent Secondary School
    1701 W Ramona Rd
    Alhambra,CA91803     		NONE School Scholarships 2,500
    Resurrection Catholic School
    3360 E Opal Street
    Los Angeles,CA90023     		NONE School Scholarships 149,809
    Riordan Program - UCLA Anderson
    405 Hilgard Ave
    Los Angeles,CA90095     		NONE School Operations 2,500
    Sacred Heart High School
    2111 Griffin Avenue
    Los Angeles,CA90031     		NONE School Scholarships 17,750
    Sacred Hearts Elementary School
    2109 Sichel Street
    Los Angeles,CA90031     		NONE School Christmas Donation 74,363
    Safe Place for Youth
    2469 S Lincoln Blvd
    Venice,CA90291     		NONE Public Programs 35,000
    Saint Anne School
    2015 Colorado Ave
    Santa Monica,CA90403     		NONE School CSC Grant/tuition assistance/year 3 payments 12,500
    Saints Peter and Paul School
    706 Bay View Avenue
    Wilmington,CA90744     		NONE School CSC grant/tuition assistance/year 3 payments 19,500
    San Gabriel Mission High School
    254 S Santa Anita St
    San Gabriel,CA91776     		NONE School Donation 5,000
    Shields for Families
    PO Box 59129
    Los Angeles,CA90059     		NONE Public Substance Abuse Initiative 128,300
    Skirball Cultural Center
    2701 N Sepulveda Blvd
    Los Angeles,CA90049     		NONE Public Grant for Half the Sky exhibit 30,000
    Southern California Grantmakers
    1000 N Alameda Street Ste 230
    Los Angeles,CA90012     		NONE Public Operations 5,000
    St Aloysius Gonzaga School
    20323 E Nadeau
    Los Angeles,CA90001     		NONE School Tuition Assistance 69,755
    St Anthony High School
    620 Olive Ave
    Long Beach,CA90802     		NONE School Scholarships 300
    St Bernard High School
    9100 Falmouth Ave
    Playa Del Rey,CA90293     		NONE School Scholarships 10,207
    St Columbkille School
    145 West 64th St
    Los Angeles,CA90003     		NONE School Tuition Assistance 42,915
    St Francis Center
    1835 South Hope Street
    Los Angeles,CA90015     		NONE School Grant to support operational activities/christmas donation 25,000
    St Genevieve High School
    13967 Roscoe Blvd
    Panorama City,CA91402     		NONE School Scholarships 32,500
    St Gertrude the Great
    6824 Toler Ave
    Bell Gardens,CA90201     		NONE School Tuition Assistance 35,806
    St John Bosco High School
    13640 Bellflower Blvd
    Bellflower,CA90706     		NONE School Scholarships 4,000
    St Joseph Center
    204 Hampton Dr
    Venice,CA90291     		NONE Religious Grant for Operational Activities/Christmas donation 28,500
    St Joseph High School Lakewood
    5825 Woodruff Ave
    Lakewood,CA90713     		NONE School Scholarships 7,300
    St Michael School
    1027 W 87th Street
    Los Angeles,CA90044     		NONE School Tuition Assistance 59,706
    St Monica High School
    1030 Lincoln Blvd
    Santa Monica,CA90403     		NONE School Scholarships 12,000
    St Odilia School
    5300 S Hooper Ave
    Los Angeles,CA90011     		NONE School CSC grant/year 3 payments/Christmas Donation 21,900
    St Patrick's Catholic School
    10606 Erwin St
    N Hollywood,CA91606     		NONE School Tuition Assistance 74,166
    St Paul High School
    9635 Greenleaf Ave
    Santa Fe Springs,CA90670     		NONE School Scholarships 5,250
    St Pius X - St Matthias Academy
    7851 Gardendale St
    Downey,CA90242     		NONE School Scholarships 14,690
    St Raphael School
    924 W 70th Street
    Los Angeles,CA90044     		NONE School Tuition Assistance/Christmas donation 78,053
    St Vincent de Paul
    231 Winston St
    Los Angeles,CA90013     		NONE School Grant for Operational Activities 31,000
    St Vincent Meals on Wheels
    2131 West 3rd Street
    Los Angeles,CA90057     		NONE Public Grant for Operational Activities 25,000
    Step Up on Second
    1328 Second St
    Santa Monica,CA90401     		NONE Public Food security & homeless grant 25,000
    UCLA Integrated Substance Abuse Program
    405 Hilgard Ave
    Los Angeles,CA90095     		NONE School Programs 2,500
    University of Notre Dame
    University of Notre Dame
    Notre Dame,CA46556     		NONE School Operations 500
    Venice Family Clinic
    604 Rose Ave
    Venice,CA90291     		NONE Foundation Grant to support operational activities 25,000
    Verbum Dei High School
    11100 South Central Ave
    Los Angeles,CA90059     		NONE School Scholarships 13,023
    Westside Food Bank
    1710 22nd St
    Santa Monica,CA90404     		NONE Public Grant to support operational activities 25,000
    Total .................................bullet 3a 2,803,113
    bApproved for future payment
    OLGASA Catholic School Alliance
    2260 Maple Ave
    El Segundo,CA90245     		NONE Schools Marketing & Development Capacity Building Initiative 250,000
    Loyola Marymount University
    1 Loyola Marymount University Dr
    Los Angeles,CA90045     		NONE School Blended Learning 3 School Pilot 75,000
    Department of Catholic Schools
    3424 Wilshire Blvd 2nd Floor
    Los Angeles,CA90010     		NONE Religious Catholic Schools Capacity Builidng 84,300
    Dolores Mission School
    171 S Gless St
    Los Angeles,CA90033     		NONE School Transition Grant 65,000
    Guardian Angel School
    10919 Norris Ave
    Pacoima,CA91331     		NONE School Transition Grant 150,000
    Our Lady of the Holy Rosary
    7802 Vineland Ave
    Los Angeles,CA91352     		NONE School Transition Grant 76,500
    ResurrectionSchool
    3360 E Opal Street
    Los Angeles,CA90023     		NONE School Transition Grant 120,000
    Sacred Heart Elementary School
    2109 Sichel Street
    Los Angeles,CA90031     		NONE School Transition Grant 150,000
    St Aloysius Gonzaga School
    20323 E Nadeau
    Los Angeles,CA90001     		NONE School Transition Grant 135,000
    St Columbkille School
    145 West 64th St
    Los Angeles,CA90003     		NONE School Transition Grant 120,000
    St Gertrude the Great
    6824 Toler Ave
    Bell Gardens,CA90201     		NONE School Transition Grant 150,000
    St Michael School
    1027 W 87th Street
    Los Angeles,CA90044     		NONE School Transition Grant 95,000
    St Patrick School
    10606 Erwin St
    N Hollywood,CA91606     		NONE School Transition Grant 120,000
    St Raphael School
    924 W 70th Street
    Los Angeles,CA90044     		NONE School Transition Grant 95,000
    Our Lady of Peace
    9022 Langdon Ave
    North Hills,CA91343     		NONE School Transition Grant 150,000
    Catholic Schools Collaborative
    312 E 1st Street Suite 342
    Los Angeles,CA90012     		NONE Religious 2016-2018 Operating Grant 425,000
    Total .................................bullet 3b 2,260,800
    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 11  
    4 Dividends and interest from securities....     14 900,862  
    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..... 525990 36,775 14 330,931  
    8
    Gain or (loss) from sales of assets other than inventory ............     		525990 16,111 18 1,034,740  
    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).. 52,886 2,266,544 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,319,430
    (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


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    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting and auditing 96,131 22,800   73,331

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    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    From Partnerships (ubti)   Purchased     2,322     0 2,322  
    From Partnerships (ubti)   Purchased     13,789     0 13,789  

    TY 2015 InvestmentsOtherSchedule2
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Charles Schwab- Mutual Funds FMV 35,765,442 35,765,442
    DAvidson Kempner International, LTD FMV 4,341,763 4,341,763
    Abrams Capital Partners II, LP FMV 1,613,715 1,613,715
    AG Realty Fund VII FMV 286,882 286,882
    Eminence Fund, LTD FMV 2,543,527 2,543,527
    Encap Energy Capital Fund VII-B, L.P. FMV 233,606 233,606
    Highfields Capital LTD FMV 2,772,739 2,772,739
    Hoplite Offshore Fund, LTD. FMV 2,117,774 2,117,774
    Mason Capital, LTD. FMV 2,033,015 2,033,015
    The Varde Fund IX, LP FMV 482,468 482,468
    Valueact Capital International 1, LP FMV 3,910,471 3,910,471
    York Investment Limited FMV 1,730,668 1,730,668
    Senator Global Opportunity Offshore Fund II LTD FMV 2,099,248 2,099,248
    Varde Investment Partners, L.P. FMV 1,045,911 1,045,911
    Anchorage Capital Partners Offshore, LTD FMV 2,098,582 2,098,582
    Centerbridge Credit Partners TE, LP FMV 286,924 286,924

    TY 2015 LegalFeesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal 90,954 0   90,954


    TY 2015 OtherAssetsSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Prepaid Taxes 1,920 7,261 7,261
    Security Deposit 15,804 15,804 15,804
    Other receivable 5,898    
    receivable from investment funds   2,500,000 2,500,000
    Other prepaids   25,470 25,470


    TY 2015 OtherDecreasesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Description Amount
    Unrealized losses 2,913,408


    TY 2015 OtherExpensesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Parking 15,185 0   15,185
    Information TEchnology 14,019 0   14,019
    Telephone 7,548 0   7,548
    Postage & Delivery 3,584 0   3,584
    Office Supplies & Postage 9,387 0   9,387
    Promotion & Gifts 6,328 0   6,328
    Auto 5,498 0   5,498
    Board and employee expenses 2,875 0   2,875
    Dues and memberships 23,100 0   23,100
    Insurance 14,809 0   14,809
    Direct Grantee Expenses 61,764 0   61,764
    Accrual to cash adjustments 0 0   -56,326


    TY 2015 OtherIncomeSchedule2
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    From partnerships (non ubti) 330,931 330,931 330,931
    From partneships (ubti) 36,775 0 36,775


    TY 2015 OtherLiabilitiesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Description Beginning of Year - Book Value End of Year - Book Value
    Investment Fees payable 32,949 30,801
    Salaries payable 27,926 26,831
    Deferred Taxes payable 81,897 47,343
    Deferred Rent Payable 7,375 6,938
    401(k) payable 1,207 1,731
    Other 0 420


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consultants 93,773 0   93,773
    Investment Fees 127,606 127,606   0


    TY 2015 TaxesSchedule
    Name:
    SPECIALTY FAMILY FOUNDATION
    EIN:
    20-4896662
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise 4,288 0   0
    Payroll 37,537 0   37,537
    Other 595 0   595