Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
THE MALONE FAMILY LAND PRESERVATION FDN
 
% MARRS SEVIER & COMPANY LLC
Number and street (or P.O. box number if mail is not delivered to street address)12300 LIBERTY BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ENGLEWOOD, CO80112
A Employer identification number

48-1306827
B Telephone number (see instructions)

(720) 875-5201
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$129,891,837J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 248 248 248
4 Dividends and interest from securities... 411,128 411,128 411,128
5a Gross rents............ 12,929 12,929 12,929
b Net rental income or (loss) 12,929
6a Net gain or (loss) from sale of assets not on line 10 6,829,900
b Gross sales price for all assets on line 6a 111,993,215
7 Capital gain net income (from Part IV, line 2)... 9,720,241
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 42 42 42
12 Total. Add lines 1 through 11........ 7,254,247 10,144,588 424,347
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 188,125 141,094 141,094 47,031
15 Pension plans, employee benefits....... 13,045 9,784 9,784 3,261
16a Legal fees (attach schedule)......... Click to see attachment 60,667 34,583 34,583 26,084
b Accounting fees (attach schedule)....... Click to see attachment 14,950 11,213 11,213 3,737
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 193,985 17,989 17,989 5,996
19 Depreciation (attach schedule) and depletion... Click to see attachment 153,081    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 11,095 8,321 8,321 2,774
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,048,494 21,642 21,642 1,026,852
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,683,442 244,626 244,626 1,115,735
25 Contributions, gifts, grants paid....... 186,122 186,122
26 Total expenses and disbursements. Add lines 24 and 25 1,869,564 244,626 244,626 1,301,857
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,384,683
b Net investment income (if negative, enter -0-) 9,899,962
c Adjusted net income (if negative, enter -0-)... 179,721
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............. 20,991,671 31,891,877 31,891,877
2 Savings and temporary cash investments.........      
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 58,854,359 Click to see attachment50,671,948 77,564,485
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)..........      
14 Land, buildings, and equipment: basis bullet22,458,671
Less: accumulated depreciation (attach schedule) bullet365,294 20,877,015 Click to see attachment22,093,377 18,919,580
15 Other assets (describe bullet) Click to see attachment53,658 Click to see attachment1,515,895 Click to see attachment1,515,895
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 100,776,703 106,173,097 129,891,837
Liabilities 17 Accounts payable and accrued expenses..........   257,628
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment245,920  
23 Total liabilities (add lines 17 through 22)......... 245,920 257,628
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 100,530,783 105,915,469
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)..... 100,530,783 105,915,469
31 Total liabilities and net assets/fund balances (see instructions). 100,776,703 106,173,097
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
100,530,783
2
Enter amount from Part I, line 27a .....................
2
5,384,683
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3
4
Add lines 1, 2, and 3 ..........................
4
105,915,469
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
105,915,469
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 344 TBT OCT 00044 P 2015-09-28 2015-09-28
b 106 CALL AXP 00074.500 P 2015-09-28 2015-09-28
c 132 CALL CVS 00097.500 P 2015-09-28 2015-09-28
d 143 CALL NXPI 00092.500 P 2015-08-25 2015-08-25
e 531 CALL WFC 00056.000 P    
14000 AMERICAN INTERNATIONAL P 2015-05-18 2015-05-18
27700 AMERICAN INTERNATIONAL P 2015-06-22 2015-06-22
76000 AMERICAN AIRLS GROUP INC P 2015-03-23 2015-03-23
14400 AMERICAN AIRLS GROUP INC P 2015-07-20 2015-07-20
200 AMERICAN AIRLS GROUP INC P 2015-07-20 2015-07-20
29200 AMERICAN AIRLS GROUP INC P 2015-07-20 2015-07-20
18600 AMERICAN AIRLS GROUP INC P 2015-07-20 2015-07-20
32100 AMER EXPRESS COMPANY P 2015-03-23 2015-03-23
5700 AMER EXPRESS COMPANY P 2015-03-23 2015-03-23
5900 AMER EXPRESS COMPANY P 2015-03-23 2015-03-23
30700 AMER EXPRESS COMPANY P 2015-05-18 2015-05-18
1400 AMER EXPRESS COMPANY P 2015-05-18 2015-05-18
5700 AMER EXPRESS COMPANY P 2015-05-18 2015-05-18
20100 AMER EXPRESS COMPANY P 2015-06-22 2015-06-22
10600 AMER EXPRESS COMPANY P 2015-06-22 2015-06-22
22300 BRISTOL-MYERS SQUIBB CO P 2015-04-20 2015-04-20
2500 CAMPBELL SOUP CO P 2015-08-20 2015-08-20
15200 CAMPBELL SOUP CO P 2015-08-24 2015-08-24
5400 CVS HEALTH CORP P 2015-02-23 2015-02-23
24400 CVS HEALTH CORP P 2015-05-18 2015-05-18
5300 CVS HEALTH CORP P 2015-06-22 2015-06-22
24400 CVS HEALTH CORP P 2015-06-22 2015-06-22
2000 CVS HEALTH CORP P 2015-06-22 2015-06-22
13200 CVS HEALTH CORP P 2015-10-13 2015-10-13
12900 CATERPILLAR INC DEL P 2015-04-27 2015-04-27
7700 CLOROX CO DEL COM P 2015-08-24 2015-08-24
137500 CORNING INC P 2015-01-20 2015-01-20
82200 DELTA AIR LINES INC P 2015-03-23 2015-03-23
16800 DELTA AIR LINES INC P 2015-05-18 2015-05-18
34900 DELTA AIR LINES INC P 2015-05-18 2015-05-18
19000 DELTA AIR LINES INC P 2015-07-20 2015-07-20
40800 DELTA AIR LINES INC P 2015-07-20 2015-07-20
14800 DISNEY (WALT) CO COM STK P 2015-06-22 2015-06-22
13300 DISNEY (WALT) CO COM STK P 2015-10-05 2015-10-05
16200 DOW CHEMICAL CO P 2015-10-19 2015-10-19
34400 PROSHARES ULTRASHORT P 2015-10-14 2015-10-14
43900 MASTERCARD INC P 2015-05-18 2015-05-18
26400 MASTERCARD INC P 2015-06-22 2015-06-22
8900 MASTERCARD INC P 2015-07-20 2015-07-20
13900 MASTERCARD INC P 2015-10-05 2015-10-05
29200 MICROSOFT CORP P 2015-07-20 2015-07-20
22100 MICROSOFT CORP P 2015-07-20 2015-07-20
29200 MICROSOFT CORP P 2015-08-20 2015-08-20
14300 NXP SEMICONDUCTORS N.V. P 2015-09-02 2015-09-02
11700 PFIZER INC P 2015-02-18 2015-02-18
55300 PFIZER INC P 2015-02-23 2015-02-23
38300 PFIZER INC P 2015-07-20 2015-07-20
21700 PFIZER INC P 2015-07-20 2015-07-20
38300 PFIZER INC P 2015-09-21 2015-09-21
28200 SECTOR SPDR UTILITIES P 2015-07-20 2015-07-20
28200 SECTOR SPDR UTILITIES P 2015-08-24 2015-08-24
3400 SECTOR SPDR UTILITIES P 2015-08-24 2015-08-24
9300 SEAGATE TECH PLC SHS P 2015-02-23 2015-02-23
19100 SEAGATE TECH PLC SHS P 2015-02-23 2015-02-23
42900 SEAGATE TECH PLC SHS P 2015-04-20 2015-04-20
55800 US BANCORP (NEW) P 2015-05-18 2015-05-18
30300 US BANCORP (NEW) P 2015-05-18 2015-05-18
55800 US BANCORP (NEW) P 2015-06-22 2015-06-22
24000 VALERO ENERGY CORP NEW P 2015-07-20 2015-07-20
20100 VALERO ENERGY CORP NEW P 2015-09-28 2015-09-28
44600 WESTERN UN CO P 2015-10-19 2015-10-19
10100 WAL-MART STORES INC P 2015-10-05 2015-10-05
9000 WHIRLPOOL CORP P 2015-05-18 2015-05-18
8100 WHIRLPOOL CORP P 2015-11-23 2015-11-23
97600 WASTE MANAGEMENT INC NEW P 2015-01-20 2015-01-20
25600 WASTE MANAGEMENT INC NEW P 2015-10-19 2015-10-19
22600 WASTE MANAGEMENT INC NEW P 2015-10-19 2015-10-19
25600 WASTE MANAGEMENT INC NEW P 2015-11-23 2015-11-23
53100 WELLS FARGO & CO NEW DEL P 2015-02-23 2015-02-23
101 WMT SEP 00066 P 2015-09-02 2015-09-02
105 WMT SEP 00063 P 2015-08-27 2015-08-27
81 WHR OCT 00165 P 2015-09-21 2015-09-21
201 VLO SEP 00064 P 2015-08-25 2015-08-25
344 TBT SEP 00046.500 P 2015-08-25 2015-08-25
139 MA SEP 00092.500 P 2015-08-25 2015-08-25
133 DIS SEP 00106 P 2015-08-25 2015-08-25
132 CVS SEP 00102 P 2015-09-02 2015-09-02
344 CALL TBT 00046.500 P 2015-09-21 2015-09-21
101 CALL WMT 00064.000 P 2015-09-21 2015-09-21
139 CALL MA 00094.000 P 2015-09-21 2015-09-21
133 CALL DIS 00104.000 P 2015-09-21 2015-09-21
132 CALL CVS 00101.000 P 2015-09-21 2015-09-21
106 CALL AXP 00077.000 P 2015-09-21 2015-09-21
446 CALL WU 00019.000 P 2015-08-25 2015-08-25
482 CALL WM SEP 00052.50 P 2015-09-01 2015-09-01
27 CALL TBT 00047.500 P 2015-08-03 2015-08-03
383 CALL PFE 00035.500 P 2015-07-22 2015-07-22
40 PUT NXPI 00082.500 P 2015-08-27 2015-08-27
139 CALL MA 00098.000 P 2015-07-22 2015-07-22
439 CALL MA JAN 00088.00 P 2014-12-22 2014-12-22
147 CALL GIS 00057.500 P 2015-08-25 2015-08-25
106 CALL AXP 00077.500 P 2015-08-25 2015-08-25
17 PUT WHR 00160.000 P 2015-08-27 2015-08-27
81 CALL WHR SEP 00175.00 P 2015-09-01 2015-09-01
482 CALL WM 00055.000 P 2015-02-25 2015-02-25
121 PUT VLO 00055.000 P 2015-08-27 2015-08-27
133 PUT WHR 00185.000 P 2015-05-18 2015-05-18
158 PUT TBT 00042.000 P 2015-08-27 2015-08-27
482 CALL WM 00055.000 P 2015-04-07 2015-04-07
600 CALL PFE 00035.000 P 2015-04-28 2015-04-28
861 CALL USB JAN 00045.50 P 2014-12-22 2014-12-22
861 CALL USB 00045.500 P 2015-03-23 2015-03-23
240 CALL VLO 00060.000 P 2015-04-07 2015-04-07
106 CALL AXP 00080.000 P 2015-07-13 2015-07-13
513 CALL MSFT 00049.000 P 2015-04-28 2015-04-28
201 CALL VLO 00067.500 P 2015-07-22 2015-07-22
111 PUT CVS 00098.000 P 2015-01-22 2015-01-22
822 CALL DAL 00049.500 P 2015-02-04 2015-02-04
162 CALL DOW 00045.000 P 2015-09-02 2015-09-02
82 PUT VLO 00057.000 P 2015-04-07 2015-04-07
147 CALL GIS 00057.500 P 2015-07-13 2015-07-13
129 CALL CAT 00080.000 P 2015-03-16 2015-03-16
600 CALL PFE 00036.000 P 2015-03-23 2015-03-23
143 CALL NXPI 00095.000 P 2015-07-23 2015-07-23
202 CALL VLO JUN 00061.50 P 2015-05-18 2015-05-18
38 CALL VLO 00061.500 P 2015-05-19 2015-05-19
760 CALL AAL 00052.500 P 2015-02-04 2015-02-04
438 CALL AAL 00052.500 P 2015-05-14 2015-05-14
133 PUT XLU 00043.500 P 2015-05-05 2015-05-05
482 CALL WM 00050.000 P 2015-05-18 2015-05-18
439 CALL MA 00091.500 P 2015-03-23 2015-03-23
600 CALL PFE 00034.500 P 2015-05-18 2015-05-18
147 CALL GIS 00060.000 P 2015-08-03 2015-08-03
378 CALL AXP 00078.500 P 2015-04-21 2015-04-21
148 CALL DIS 00112.000 P 2015-05-04 2015-05-04
91 PUT STX 00053.500 P 2015-03-10 2015-03-10
204 PUT STX 00053.500 P 2015-03-11 2015-03-11
162 CALL DOW 00052.500 P 2015-07-13 2015-07-13
53 CALL CVS 00102.000 P 2015-05-04 2015-05-04
600 CALL PFE 00034.500 P 2015-02-25 2015-02-25
297 CALL CVS 00106.000 P 2015-03-23 2015-03-23
439 CALL MA 00093.500 P 2015-02-25 2015-02-25
513 CALL MSFT 00049.000 P 2015-05-18 2015-05-18
147 CALL GIS 00057.500 P 2015-10-19 2015-10-19
55 PUT CAT 00085.000 P 2015-05-28 2015-05-28
147 CALL GIS 00057.500 P 2015-09-21 2015-09-21
264 CALL MA 00093.000 P 2015-05-18 2015-05-18
201 PUT CVS 00103.000 P 2015-02-25 2015-02-25
378 CALL AXP 00084.000 P 2015-03-23 2015-03-23
437 CALL AXP JAN 00095.00 P 2014-12-11 2014-12-11
598 CALL DAL 00044.500 P 2015-06-01 2015-06-01
133 CALL DIS 00120.000 P 2015-07-16 2015-07-16
186 CALL AAL 00044.500 P 2015-06-01 2015-06-01
10600 AMER EXPRESS COMPANY P 2015-10-07 2015-10-07
10000 LIBERTY MEDIA CORP SHS P 2015-06-15 2015-06-15
10000 LIBERTY MEDIA CORP SHS P 2015-07-15 2015-07-15
10000 LIBERTY MEDIA CORP SHS P 2015-08-17 2015-08-17
10000 LIBERTY MEDIA CORP SHS P 2015-09-15 2015-09-15
10000 LIBERTY MEDIA CORP SHS P 2015-10-15 2015-10-15
10000 LIBERTY MEDIA CORP SHS P 2015-11-16 2015-11-16
10000 LIBERTY MEDIA CORP SHS P 2015-12-15 2015-12-15
STRZA/B SHRS EXCHANGED FOR LGF SHRS P 2015-03-27 2015-03-27
SALE OF LANCASTER LAND P 2013-09-20 2015-09-09
(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 21,839   370 21,469
b 7,149   200 6,949
c 13,781   5,983 7,798
d 17,992   8,851 9,141
e 20,434     20,434
819,925   812,887 7,038
1,659,135   1,631,884 27,251
3,936,833   3,870,543 66,290
597,625   788,306 -190,681
8,300   10,472 -2,172
1,211,851   1,528,894 -317,043
771,932   830,479 -58,547
2,658,762   3,040,099  
472,117   535,801  
488,682   554,601 -65,919
2,449,810   2,904,355  
111,718   132,446 -20,728
454,851   535,215 -80,364
1,634,888   1,907,634 -272,746
862,180   1,006,016 1
1,446,913   1,503,885 -56,972
122,371   119,425 2,946
744,016   726,104 17,912
555,162   540,847 14,315
2,502,914   2,559,258  
553,090   555,905 -2,815
2,546,301   2,559,198 -12,897
208,713   205,152 3,561
1,304,450   1,399,078 -94,628
1,057,039   1,025,558 31,481
855,513   835,865 19,648
3,055,175   3,073,861 -18,686
3,942,400   3,879,643 62,757
791,167   786,789 4,378
1,643,554   1,542,558 100,996
814,605   834,995 -20,390
1,749,257   1,889,976 -140,719
1,675,377   1,641,370 34,007
1,346,158   1,582,266 -236,108
729,235   842,373 -113,138
1,492,141   1,635,792 -143,651
4,088,196   3,831,603 256,593
2,492,483   2,445,665 46,818
855,741   849,416 6,325
1,262,055   1,346,681 -84,626
1,324,120   1,431,896  
1,002,159   1,083,729 -81,570
1,373,125   1,445,428 -72,303
1,202,965   1,330,997 -128,032
389,168   383,016 6,152
1,839,402   1,810,321 29,081
1,307,931   1,316,372  
741,047   745,829 -4,782
1,255,014   1,345,209 -90,195
1,207,788   1,212,161  
1,230,747   1,218,382 12,365
148,388   146,370 2,018
551,641   548,069 3,572
1,132,939   1,088,019 44,920
2,311,422   2,346,379 -34,957
2,419,353   2,620,398  
1,313,735   1,422,905 -109,170
2,493,575   2,665,595 -172,020
1,605,199   1,406,248 198,951
1,227,445   1,347,780 -120,335
858,798   825,104 33,694
651,118   666,718 -15,600
1,672,656   1,670,698 1,958
1,330,960   1,417,271 -86,311
4,913,794   4,810,703 103,091
1,300,385   1,352,171  
1,147,996   1,193,714 -45,718
1,366,096   1,393,533 -27,437
2,877,360   2,840,905 36,455
5,826     5,826
5,616     5,616
24,570     24,570
17,492     17,492
14,812     14,812
22,766     22,766
14,166     14,166
18,792     18,792
11,335     11,335
3,766     3,766
7,438     7,438
7,592     7,592
7,894     7,894
5,082     5,082
9,662     9,662
9,823     9,823
708     708
8,157     8,157
8,050     8,050
23,406     23,406
43,501     43,501
6,633     6,633
13,203     13,203
2,738     2,738
39,293     39,293
13,817     13,817
13,639     13,639
41,011     41,011
6,993     6,993
14,058     14,058
13,173     13,173
40,039     40,039
24,073     24,073
42,931     42,931
11,705     11,705
38,924     38,924
37,928     37,928
13,597     13,597
32,809     32,809
7,329     7,329
7,736     7,736
6,567     6,567
13,387     13,387
15,515     15,515
47,286     47,286
26,549     26,549
4,801     4,801
39,758     39,758
16,912     16,912
5,361     5,361
27,929     27,929
42,121     42,121
16,648     16,648
4,944     4,944
13,998     13,998
29,195     29,195
6,641     6,641
14,513     14,513
19,135     19,135
3,288     3,288
21,372     21,372
25,891     25,891
46,346     46,346
19,731     19,731
11,634     11,634
5,391     5,391
9,580     9,580
22,346     22,346
21,723     21,723
33,543     33,543
68,385     68,385
48,512     48,512
25,603     25,603
13,137     13,137
787,227   975,195 -187,968
374,444   30,774 343,670
361,125   30,774 330,351
374,967   30,774 344,193
361,868   30,774 331,094
376,156   30,774 345,382
397,068   30,774 366,294
380,219   30,774 349,445
8,387,500   357,650 8,029,850
522,660   793,660 -271,000
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       21,469
b       6,949
c       7,798
d       9,141
e       20,434
      7,038
      27,251
      66,290
      -190,681
      -2,172
      -317,043
      -58,547
      -381,337
      -63,684
      -65,919
      -454,545
      -20,728
      -80,364
      -272,746
      -143,836
      -56,972
      2,946
      17,912
      14,315
      -56,344
      -2,815
      -12,897
      3,561
      -94,628
      31,481
      19,648
      -18,686
      62,757
      4,378
      100,996
      -20,390
      -140,719
      34,007
      -236,108
      -113,138
      -143,651
      256,593
      46,818
      6,325
      -84,626
      -107,776
      -81,570
      -72,303
      -128,032
      6,152
      29,081
      -8,441
      -4,782
      -90,195
      -4,373
      12,365
      2,018
      3,572
      44,920
      -34,957
      -201,045
      -109,170
      -172,020
      198,951
      -120,335
      33,694
      -15,600
      1,958
      -86,311
      103,091
      -51,786
      -45,718
      -27,437
      36,455
      5,826
      5,616
      24,570
      17,492
      14,812
      22,766
      14,166
      18,792
      11,335
      3,766
      7,438
      7,592
      7,894
      5,082
      9,662
      9,823
      708
      8,157
      8,050
      23,406
      43,501
      6,633
      13,203
      2,738
      39,293
      13,817
      13,639
      41,011
      6,993
      14,058
      13,173
      40,039
      24,073
      42,931
      11,705
      38,924
      37,928
      13,597
      32,809
      7,329
      7,736
      6,567
      13,387
      15,515
      47,286
      26,549
      4,801
      39,758
      16,912
      5,361
      27,929
      42,121
      16,648
      4,944
      13,998
      29,195
      6,641
      14,513
      19,135
      3,288
      21,372
      25,891
      46,346
      19,731
      11,634
      5,391
      9,580
      22,346
      21,723
      33,543
      68,385
      48,512
      25,603
      13,137
      -187,968
      343,670
      330,351
      344,193
      331,094
      345,382
      366,294
      349,445
      8,029,850
      -271,000
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 9,720,241
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 -261,070
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 9,540,073 109,633,294 0.087018
2013 936,370 104,296,014 0.008978
2012 16,691,761 92,646,651 0.180166
2011 1,751,118 56,140,574 0.031192
2010 1,089,473 15,461,853 0.070462
2
Total of line 1, column (d) .....................
20.377816
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
0.075563
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
111,148,620
5
Multiply line 4 by line 3......................
5
8,398,723
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
99,000
7
Add lines 5 and 6........................
7
8,497,723
8
Enter qualifying distributions from Part XII, line 4.............
8
5,043,368
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 1 197,999
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 197,999
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 197,999
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 235,960
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 305,960
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 566
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 10 107,395
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet107,395 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCO
    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
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
    Yes
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletMARRS SEVIER & COMPANY LLC Telephone no.bullet (303) 922-6654

    Located atbullet230 S HOLLAND STlakewoodCO ZIP+4bullet80226
    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
     
     
    ........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
    JOHN C MALONE PRESIDENT/TREASURER
    0.5     		0 0 0
    12300 LIBERTY BLVD
    ENGLEWOOD,CO80112
    LESLIE A MALONE VP/SECRETARY
    0.4     		0 0 0
    12300 LIBERTY BLVD
    ENGLEWOOD,CO80112
    EVAN D MALONE 2ND VICE PRESIDENT
    0     		0 0 0
    12300 LIBERTY BLVD
    ENGLEWOOD,CO80112
    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
    HARRY G AUSTIN EXECUTIVE DIRECTOR
    26.0     		80,000 0 0
    12300 LIBERTY BLVD
    ENGLEWOOD,CO80112
    DANIEL A SIERRA INVESTMENT ANALYST
    20.0     		78,000 0 0
    12300 LIBERTY BLVD
    ENGLEWOOD,CO80112
    RACHEL STROER PROJECT OPER. DIR.
    30.0     		79,750 0 0
    12300 LIBERTY BLVD
    ENGLEWOOD,CO80112
    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
     
    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 THE FOUNDATION PURCHASED LAND, ASSETS, AND INCURRED ADMINISTRATIVE EXPENSES FOR THE PURPOSE OF RUNNING A JOINT PROJECT WITH THE LAND INSTITUTE. 3,200,134
    2 FUNDS DEPOSITED INTO AN ESCROW ACCOUNT TO PURCHASE LAND FOR THE PURPOSE OF PROTECTING THIS LAND FROM FUTURE DEVELOPMENT. 1,462,237
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    95,967,140
    b
    Average of monthly cash balances.......................
    1b
    16,874,099
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    112,841,239
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    112,841,239
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,692,619
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    111,148,620
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,557,431
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    1,301,857
    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
    3,741,511
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    5,043,368
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,043,368
    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 0
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 2012, 2011 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 192,179
    b From 2011......  
    c From 2012...... 16,824,393
    d From 2013...... 936,370
    e From 2014...... 9,581,335
    fTotal of lines 3a through e........ 27,534,277
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 5,043,368
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount.....  
    e Remaining amount distributed out of corpus 5,043,368
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 32,577,645
    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......     		 
    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) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		192,179
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		32,385,466
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 16,824,393
    c Excess from 2013.... 936,370
    d Excess from 2014.... 9,581,335
    e Excess from 2015.... 5,043,368
    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
    179,721 4,125,006 4,826,357 4,909,024 14,040,108
    b 85% of line 2a ......... 152,763 3,506,255 4,102,403 4,172,670 11,934,091
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		5,043,368 9,581,335 936,370 16,824,393 32,385,466
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		      1,005,249 1,005,249
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		5,043,368 9,581,335 936,370 15,819,144 31,380,217
    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)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		3,704,954 3,654,445 3,476,534 3,608,406 14,444,339
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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).)
    JOHN C MALONE
    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
    THE NATURE CONSERVANCY
    1228 15TH ST
    DENVER,CO80202     		NONE PC CONSERVATION EASEMENT 55,000
    LANCASTER FARMLAND TRUST
    125 LANCASTER AVENUE
    STRASBURG,PA17579     		NONE PC CONSERVATION EASEMENT 14,952
    LANCASTER FARMLAND TRUST
    125 LANCASTER AVE
    STRASBURG,PA17579     		NONE PC CONSERVATION EASEMENT 116,170
    Total .................................bullet 3a 186,122
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 248  
    4 Dividends and interest from securities....     14 411,128  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 12,929  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 6,829,900  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aMISC REVENUE     		    14 42  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   7,254,247  
    13Total. Add line 12, columns (b), (d), and (e)..................
    137,254,247
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MARRS, SEVIER & COMPANY, LLC 14,950 11,213 11,213 3,737

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

    TY 2015 DepreciationSchedule
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    RTR-MAIN RESIDENCE 2012-10-05 320,000 26,181 SL 27 11,636      
    RTR-LAND 2012-10-05 12,589,817   L          
    RTR-GUEST HOUSE 2012-10-05 90,000 7,364 SL 27 3,273      
    RTR-FOREMAN RES. 2012-10-05 90,000 7,364 SL 27 3,273      
    RTR-MODULAR HOME 2012-10-05 40,000 3,274 SL 27 1,455      
    RTR-BARN 2012-10-05 8,000 900 SL 20 400      
    RTR-HAY SHED 2012-10-05 4,000 450 SL 20 200      
    RTR-BARN 2012-10-05 3,000 338 SL 20 150      
    RTR-GARAGE/SHOP 2012-10-05 20,000 2,250 SL 20 1,000      
    RTR-2UTILITY BLDGS 2012-10-05 22,000 2,475 SL 20 1,100      
    RTR-GARAGES 2012-10-05 20,000 2,250 SL 20 1,000      
    RTR-WORKSHOP 2012-10-05 5,000 563 SL 20 250      
    RTR-CORRALS&SHEDS 2012-10-05 35,000 5,249 SL 15 2,333      
    RTR-WELLS & PUMPS 2012-10-05 15,000 2,250 SL 15 1,000      
    RTR-SEP. SYS/LEECH 2012-10-05 6,000 900 SL 15 400      
    RTR-SEPTIC HOOKUPS 2012-10-05 15,000 2,250 SL 15 1,000      
    RTR-LANDSCAPING 2012-10-05 2,000 299 SL 15 133      
    RTR-FENCING 2012-10-05 960,000 144,000 SL 15 64,000      
    LANCASTER-LAND 2013-09-20 909,830   L          
    GIRARDI-LAND 2014-04-01 1,616,649   L          
    GIRARDI-FENCING 2014-10-10 14,710 245 SL 15 981      
    GIRARDI-WORKSHOP 2014-04-01 20,000 750 SL 20 1,000      
    DIETEMANN-LAND 2014-06-27 4,123,401   L          
    DIETEMANN-FENCING 2014-10-10 29,421 490 SL 15 1,961      
    DIETEMANN-HOUSE 2014-06-27 130,400 2,371 SL 27 4,742      
    PAP-FIELD EQ TRACR 2015-01-29 92,140   SL 7 12,066      
    PAP-FIELD EQ WEEDR 2015-02-27 6,825   SL 7 813      
    PAP-FIELD EQ IHC 2015-04-03 3,000   SL 7 321      
    PAP-FIELD EQ SCRPR 2015-04-21 3,700   SL 7 352      
    PAP-FIELD EQ COMBI 2015-06-04 13,000   SL 7 1,083      
    PAP-FIELD EQ HEADR 2015-06-11 2,000   SL 7 167      
    PAP-FIELD EQ CULTV 2015-07-20 3,730   SL 7 222      
    PAP-FIELD EQ WGHTS 2015-08-13 1,008   SL 7 60      
    PAP-FIELD EQ MOWER 2015-08-13 7,700   SL 7 458      
    PAP-FIELD EQ GCART 2015-08-31 2,700   SL 7 129      
    PAP-FIELD EQ TRCTR 2015-10-26 1,382   SL 7 33      
    PAP-FIELD EQ SAWML 2015-11-30 21,341   SL 7 254      
    PAP-FIELD EQ SKID 2015-12-22 47,319   SL 7        
    PAP-FIELD EQ AUGER 2015-12-22 6,991   SL 7        
    PAP-FIELD EQ SKID 2015-12-22 1,153   SL 7        
    PAP-FIELD EQ DTCHR 2015-12-24 4,800   SL 7        
    PAP-FIELD EQ MILL 2015-12-28 7,140   SL 7        
    PAP-FIELD EQ BINDR 2015-12-29 15,402   SL 7        
    PAP-LAB EQ EDDY 2015-02-23 42,809   SL 7 5,096      
    PAP-LAB EQ MCRSCPE 2015-03-09 4,849   SL 7 577      
    PAP-LAB EQ VACPUMP 2015-12-10 3,317   SL 7 39      
    PAP-LAB EQ SDBLOWR 2015-12-14 9,221   SL 7 110      
    PAP-LAB EQ SDCLEAN 2015-12-16 17,164   SL 7        
    PAP-LAB EQ SDSORTR 2015-12-16 62,232   SL 7        
    PAP-LAB EQ SDCLEAN 2015-12-18 6,009   SL 7        
    PAP-LAB EQ DEHULLR 2015-12-18 17,032   SL 7        
    PAP-LAB EQ SCRPRES 2015-12-21 9,965   SL 7        
    PAP-LAB EQ FRZDRYR 2015-12-28 12,884   SL 7        
    PAP-LAND IMP FENCE 2015-10-27 8,384   SL 15 93      
    PAP-LAND IMP FENCE 2015-12-11 16,917   SL 15 94      
    PAP-VEHICLES 14 HY 2015-01-23 14,760   SL 5 2,706      
    PAP-VEHICLES 07 FD 2015-03-13 14,155   SL 5 2,359      
    PAP-VEHICLES 15 BT 2015-06-08 7,100   SL 5 828      
    PAP-VEHICLES 03 DO 2015-06-15 14,046   SL 5 1,639      
    PAP-VEHICLES 4W UT 2015-07-10 16,246   SL 5 1,625      
    PAP-VEHICLES 4W UT 2015-04-16 14,418   SL 5 1,922      
    PAP-VEHICLES CHRGR 2015-08-24 2,291   SL 5 153      
    PAP-VEHICLES LGHTS 2015-09-14 592   SL 5 39      
    GIRARDI-FENCING 2015-03-30 16,589   SL 15 829      
    DIETEMANN-FENCING 2015-03-30 26,687   SL 15 1,334      
    PAP-LAWRENCE LAND 2015-02-04 1,208,490   L          
    PAP-LAWRENCE BLDG 2015-02-04 491,785   SL 27 16,393      

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN AIRLINES    
    AMERICAN EXPRESS-AXP    
    CORNING INC-GLW    
    DELTA AIRLINES - DAL    
    DISCOVERY COMM INC-DISCK 9,184,548 11,485,188
    GENERAL MILLS 847,229 847,602
    LIBERTY BROADBND CORP-LBRDA 1,428,880 3,228,125
    LIBERTY BROADBND CORP-LBRDK 2,834,192 6,482,500
    LIBERTY BROADBND CORP-LBRDK 16,527,420 21,236,670
    LIBERTY MEDIA-LMCA 4,337,382 9,812,500
    LIBERTY MEDIA-LMCK 7,124,797 16,374,400
    MASTERCARD INC-MA    
    STARZ A    
    US BANCORP-USB    
    WASTE MGMT-WM    
    WELLS FARGO-WFC    
    LIONSGATE 8,387,500 8,097,500

    TY 2015 LandEtcSchedule2
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    RTR-MAIN RESIDENCE 320,000 37,817 282,183  
    RTR-LAND 12,589,817   12,589,817  
    RTR-GUEST HOUSE 90,000 10,637 79,363  
    RTR-FOREMAN RES. 90,000 10,637 79,363  
    RTR-MODULAR HOME 40,000 4,729 35,271  
    RTR-BARN 8,000 1,300 6,700  
    RTR-HAY SHED 4,000 650 3,350  
    RTR-BARN 3,000 488 2,512  
    RTR-GARAGE/SHOP 20,000 3,250 16,750  
    RTR-2UTILITY BLDGS 22,000 3,575 18,425  
    RTR-GARAGES 20,000 3,250 16,750  
    RTR-WORKSHOP 5,000 813 4,187  
    RTR-CORRALS&SHEDS 35,000 7,582 27,418  
    RTR-WELLS & PUMPS 15,000 3,250 11,750  
    RTR-SEP. SYS/LEECH 6,000 1,300 4,700  
    RTR-SEPTIC HOOKUPS 15,000 3,250 11,750  
    RTR-LANDSCAPING 2,000 432 1,568  
    RTR-FENCING 960,000 208,000 752,000  
    LANCASTER-LAND        
    GIRARDI-LAND 1,616,649   1,616,649  
    GIRARDI-FENCING 14,710 1,226 13,484  
    GIRARDI-WORKSHOP 20,000 1,750 18,250  
    DIETEMANN-LAND 4,123,401   4,123,401  
    DIETEMANN-FENCING 29,421 2,451 26,970  
    DIETEMANN-HOUSE 130,400 7,113 123,287  
    PAP-FIELD EQ TRACR 92,140 12,066 80,074  
    PAP-FIELD EQ WEEDR 6,825 813 6,012  
    PAP-FIELD EQ IHC 3,000 321 2,679  
    PAP-FIELD EQ SCRPR 3,700 352 3,348  
    PAP-FIELD EQ COMBI 13,000 1,083 11,917  
    PAP-FIELD EQ HEADR 2,000 167 1,833  
    PAP-FIELD EQ CULTV 3,730 222 3,508  
    PAP-FIELD EQ WGHTS 1,008 60 948  
    PAP-FIELD EQ MOWER 7,700 458 7,242  
    PAP-FIELD EQ GCART 2,700 129 2,571  
    PAP-FIELD EQ TRCTR 1,382 33 1,349  
    PAP-FIELD EQ SAWML 21,341 254 21,087  
    PAP-FIELD EQ SKID 47,319   47,319  
    PAP-FIELD EQ AUGER 6,991   6,991  
    PAP-FIELD EQ SKID 1,153   1,153  
    PAP-FIELD EQ DTCHR 4,800   4,800  
    PAP-FIELD EQ MILL 7,140   7,140  
    PAP-FIELD EQ BINDR 15,402   15,402  
    PAP-LAB EQ EDDY 42,809 5,096 37,713  
    PAP-LAB EQ MCRSCPE 4,849 577 4,272  
    PAP-LAB EQ VACPUMP 3,317 39 3,278  
    PAP-LAB EQ SDBLOWR 9,221 110 9,111  
    PAP-LAB EQ SDCLEAN 17,164   17,164  
    PAP-LAB EQ SDSORTR 62,232   62,232  
    PAP-LAB EQ SDCLEAN 6,009   6,009  
    PAP-LAB EQ DEHULLR 17,032   17,032  
    PAP-LAB EQ SCRPRES 9,965   9,965  
    PAP-LAB EQ FRZDRYR 12,884   12,884  
    PAP-LAND IMP FENCE 8,384 93 8,291  
    PAP-LAND IMP FENCE 16,917 94 16,823  
    PAP-VEHICLES 14 HY 14,760 2,706 12,054  
    PAP-VEHICLES 07 FD 14,155 2,359 11,796  
    PAP-VEHICLES 15 BT 7,100 828 6,272  
    PAP-VEHICLES 03 DO 14,046 1,639 12,407  
    PAP-VEHICLES 4W UT 16,246 1,625 14,621  
    PAP-VEHICLES 4W UT 14,418 1,922 12,496  
    PAP-VEHICLES CHRGR 2,291 153 2,138  
    PAP-VEHICLES LGHTS 592 39 553  
    GIRARDI-FENCING 16,589 829 15,760  
    DIETEMANN-FENCING 26,687 1,334 25,353  
    PAP-LAWRENCE LAND 1,208,490   1,208,490  
    PAP-LAWRENCE BLDG 491,785 16,393 475,392  


    TY 2015 LegalFeesSchedule
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 60,667 34,583 34,583 26,084


    TY 2015 OtherAssetsSchedule
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OTHER ASSETS 53,658 53,658 53,658
    EARNEST DEPOSIT   1,462,237 1,462,237


    TY 2015 OtherExpensesSchedule
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 344 258 258 86
    INSURANCE 2,076 1,557 1,557 519
    BANK CHARGES -20 -20 -20  
    INVESTMENT SOFTWARE 17,556 17,556 17,556  
    PROPERTY REPAIRS 11,322     11,322
    PROPERTY UTILITIES 175     175
    OFFICE UTILITIES 598 449 449 149
    REAL ESTATE APPRAISALS & FEES 47,446     47,446
    CONSULTING/ENGINEERING FEES 6,720     6,720
    PAYROLL FEES 2,068 1,551 1,551 517
    SOURCE VERIFICATION 100 75 75 25
    MISC EXPENSE 216 216 216  
    PERENNIAL AGRICULTURE PROJECT 964,136     964,136
    REFUND OF PROPERTY TAXES PAID -4,243     -4,243


    TY 2015 OtherIncomeSchedule2
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISC. INCOME 13 13 13
    MINERAL RIGHTS 29 29 29


    TY 2015 OtherIncreasesSchedule
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Description Amount
    ROUNDING 3


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Description Beginning of Year - Book Value End of Year - Book Value
    OPTIONS 245,920  


    TY 2015 TaxesSchedule
    Name:
    THE MALONE FAMILY LAND PRESERVATION FDN
    EIN:
    48-1306827
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 170,000      
    PAYROLL TAXES 15,360 11,520 11,520 3,840
    FOREIGN DIVIDEND TAX 8,625 6,469 6,469 2,156