TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
BEDFORD FAMILY CHARITABLE TRUST
C/O STEVEN BEDFORD TRUSTEE

Number and street (or P.O. box number if mail is not delivered to street address)11 SHAFER ROAD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW HARTFORD, CT06057

A Employer identification number

86-6255502

B Telephone number (see instructions)

(860) 489-9908

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,449,047J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	4,974		4,974
4	Dividends and interest from securities...	37,170		37,170
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		36,156
b	Gross sales price for all assets on line 6a 327,549
7	Capital gain net income (from Part IV, line 2)...			36,156
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).......		23,225	23,225
12	Total. Add lines 1 through 11........	101,525		101,525
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		3,750	3,750	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		9,145	800	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		26,197	26,125	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	39,092		30,675	0
25	Contributions, gifts, grants paid.......	19,999			19,999
26	Total expenses and disbursements. Add lines 24 and 25	59,091		30,675	19,999
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	42,434
b	Net investment income (if negative, enter -0-)			70,850
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	33,086	50,650	50,650
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	1,193,929	1,174,211	1,310,238
	c	Investments—corporate bonds (attach schedule).......	35,140	23,125	12,312
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	22,642	79,245	75,847
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,284,797	1,327,231	1,449,047
	17	Accounts payable and accrued expenses..........	854	854
	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 )
	23	Total liabilities (add lines 17 through 22).........	854	854
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	1,283,943	1,326,377
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		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).....	1,283,943	1,326,377
	31	Total liabilities and net assets/fund balances (see instructions).	1,284,797	1,327,231

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

1,283,943

Enter amount from Part I, line 27a .....................

42,434

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

1,326,377

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

1,326,377

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	ITC HOLDINGS CORP - 20.00000 SHS	P	2015-03-30	2015-10-21
b	ITC HOLDINGS CORP - 40.00000 SHS	P	2015-03-30	2015-10-26
c	ITC HOLDINGS CORP - 20.00000 SHS	P	2015-07-15	2015-10-26
d	NRG YIELDING - 40.00000 SHS	P	2014-10-20	2015-04-07
e	NRG YIELDING NEW - 40.00000 SHS	P	2014-10-20	2015-07-15
	NRG YIELDING - 40.00000 SHS	P	2014-10-20	2015-07-15
	NEW JERSEY RES CORP - 20.00000 SHS	P	2015-07-15	2015-10-13
	ONE GAS INC - 10.00000 SHS	P	2014-06-18	2015-01-12
	ONE GAS INC - 32.00000 SHS	P	2014-06-18	2015-03-16
	ONE GAS INC - 8.00000 SHS	P	2014-06-19	2015-03-16
	PATTERN ENERGY GRP INC - 57.00000 SHS	P	2014-08-14	2015-01-12
	PATTERN ENERGY GRP INC - 35.00000 SHS	P	2014-08-15	2015-01-12
	PATTERN ENERGY GRP INC - 35.00000 SHS	P	2014-08-15	2015-01-13
	PATTERN ENERGY GRP INC - 38.00000 SHS	P	2014-08-18	2015-01-13
	PATTERN ENERGY GRP INC - 22.00000 SHS	P	2014-08-18	2015-01-20
	PATTERN ENERGY GRP INC - 20.00000 SHS	P	2014-10-20	2015-01-20
	PATTERN ENERGY GRP INC - 29.00000 SHS	P	2014-10-29	2015-01-20
	PATTERN ENERGY GRP INC - 21.00000 SHS	P	2014-10-29	2015-01-23
	PATTERN ENERGY GRP INC - 50.00000 SHS	P	2014-10-30	2015-01-23
	PIEDMONT NATURAL GAS CO - 20.00000 SHS	P	2015-01-12	2015-03-16
	PIEDMONT NATURAL GAS CO - 30.00000 SHS	P	2015-01-12	2015-10-13
	PLAINS GP HOLDINGS LP - 60.00000 SHS	P	2015-01-12	2015-03-16
	PLAINS GP HOLDINGS LP - 50.00000 SHS	P	2015-01-12	2015-08-06
	PLAINS GP HOLDINGS LP - 110.00000 SHS	P	2015-01-13	2015-08-06
	PLAINS GP HOLDINGS LP - 20.00000 SHS	P	2015-03-30	2015-08-06
	THE SOUTHERN COMPANY - 20.00000 SHS	P	2014-06-17	2015-03-30
	SPECTRA ENERGY CORP - 40.00000 SHS	P	2015-01-12	2015-03-16
	SPECTRA ENERGY CORP - 10.00000 SHS	P	2015-01-12	2015-03-30
	SPECTRA ENERGY CORP - 120.00000 SHS	P	2015-01-12	2015-07-15
	TRANSCANADA CORP - 40.00000 SHS	P	2014-10-20	2015-07-24
	WILLIAMS COMPANIES INC - 10.00000 SHS	P	2014-08-14	2015-06-22
	WILLIAMS COMPANIES INC - 130.00000 SHS	P	2014-10-20	2015-06-22
	WILLIAMS COMPANIES INC - 40.00000 SHS	P	2014-10-20	2015-10-13
	WILLIAMS COMPANIES INC - 10.00000 SHS	P	2014-10-20	2015-10-16
	WILLIAMS COMPANIES INC - 30.00000 SHS	P	2015-01-12	2015-10-16
	GOLAR LNG PARTNERS LP - 16.00000 SHS	P	2014-06-17	2015-03-16
	UNIT LTD PARTNERSHIP INT - 24.00000 SHS	P	2014-06-18	2015-03-16
	UNIT LTD PARTNERSHIP INT - 17.00000 SHS	P	2015-01-12	2015-11-06
	UNIT LTD PARTNERSHIP INT - 23.00000 SHS	P	2015-01-12	2015-11-11
	ACCESS MIDSTREAM - 0.53700 SHS	P	2015-02-02	2015-02-02
	ENBRIDGE ENERGY MNGMT LLC - 0.18300 SHS	P	2015-02-13	2015-02-13
	ENBRIDGE ENERGY MNGMT LLC - 0.27700 SHS	P	2015-05-15	2015-05-15
	ENBRIDGE ENERGY MNGMT LLC - 0.35500 SHS	P	2015-08-14	2015-08-14
	ENBRIDGE ENERGY MNGMT LLC - 0.06900 SHS	P	2015-11-13	2015-11-13
	ENERGY TRANSFER EQUITY LP - 20.00000 SHS	P	2015-01-12	2015-10-16
	ENERGY TRANSFER EQUITY LP - 40.00000 SHS	P	2015-03-30	2015-10-16
	NGL ENERGY PARTNERS LP - 14.00000 SHS	P	2015-01-12	2015-11-25
	NGL ENERGY PARTNERS LP - 36.00000 SHS	P	2015-01-12	2015-12-02
	NEXTERA ENERGY PARTNERS LP - 75.00000 SHS	P	2014-08-15	2015-03-16
	NEXTERA ENERGY PARTNERS LP - 15.00000 SHS	P	2014-08-18	2015-03-16
	ONEOK PARTNERS LP - 30.00000 SHS	P	2014-06-17	2015-04-07
	SOUTH JERSEY IND INC - 10.00000 SHS	P	2014-06-19	2015-01-12
	SOUTH JERSEY IND INC - 7.00000 SHS	P	2014-06-19	2015-03-16
	SOUTH JERSEY IND INC - 13.00000 SHS	P	2014-06-20	2015-03-16
	SOUTH JERSEY IND INC - 17.00000 SHS	P	2014-06-20	2015-03-30
	SOUTH JERSEY IND INC - 13.00000 SHS	P	2014-08-14	2015-03-30
	SOUTH JERSEY IND INC - 17.00000 SHS	P	2014-08-14	2015-04-07
	SOUTH JERSEY IND INC - 3.00000 SHS	P	2014-08-15	2015-04-07
	SOUTH JERSEY IND INC - 27.00000 SHS	P	2014-08-15	2015-04-14
	TALLGRASS ENERGY PARTNER - 20.00000 SHS	P	2014-10-20	2015-03-16
	TARGA RESRCES PRTNRS LP - 20.00000 SHS	P	2015-01-12	2015-03-16
	TARGA RESRCES PRTNRS LP - 20.00000 SHS	P	2015-01-12	2015-07-15
	WILLIAMS PARTNERS LP NEW - 0.12028 SHS	P	2014-08-14	2015-02-05
	WILLIAMS PARTNERS LP NEW - 0.12028 SHS	P	2014-08-15	2015-02-05
	WILLIAMS PARTNERS LP NEW - 0.01202 SHS	P	2015-01-12	2015-02-05
	ATMOS ENERGY CORP - 40.00000 SHS	P	2013-06-26	2015-01-12
	ATMOS ENERGY CORP - 30.00000 SHS	P	2013-06-26	2015-03-16
	ATMOS ENERGY CORP - 20.00000 SHS	P	2013-06-26	2015-10-13
	ATMOS ENERGY CORP - 10.00000 SHS	P	2013-06-26	2015-10-16
	ATMOS ENERGY CORP - 10.00000 SHS	P	2014-06-17	2015-10-16
	ATMOS ENERGY CORP - 20.00000 SHS	P	2014-06-18	2015-10-21
	DOMINION RES INC VA NEW - 10.00000 SHS	P	2013-06-11	2015-01-12
	DOMINION RES INC VA NEW - 5.00000 SHS	P	2013-06-11	2015-03-16
	DOMINION RES INC VA NEW - 5.00000 SHS	P	2013-06-26	2015-03-16
	DOMINION RES INC VA NEW - 10.00000 SHS	P	2013-06-26	2015-10-13
	ENBRIDGE INC - 10.00000 SHS	P	2013-05-28	2015-01-12
	ENBRIDGE INC - 40.00000 SHS	P	2013-05-28	2015-03-16
	ENBRIDGE INC - 30.00000 SHS	P	2013-05-28	2015-10-13
	ENBRIDGE INC - 10.00000 SHS	P	2013-05-28	2015-10-16
	ENBRIDGE INC - 10.00000 SHS	P	2013-06-04	2015-10-16
	ENBRIDGE INC - 10.00000 SHS	P	2013-06-11	2015-10-16
	ENBRIDGE INC - 10.00000 SHS	P	2013-06-27	2015-10-16
	ENBRIDGE INC - 10.00000 SHS	P	2013-06-27	2015-10-21
	ENBRIDGE INC - 20.00000 SHS	P	2014-01-17	2015-10-21
	ENBRIDGE ENERGY MNGMT LLC - 25.00000 SHS	P	2013-05-28	2015-01-12
	ENBRIDGE ENERGY MNGMT LLC - 20.00000 SHS	P	2013-05-28	2015-01-13
	ENBRIDGE ENERGY MNGMT LLC - 180.00000 SHS	P	2013-05-28	2015-03-16
	ENBRIDGE ENERGY MNGMT LLC - 30.00000 SHS	P	2013-05-28	2015-03-30
	ENBRIDGE INCOME FD HLDGS - 60.00000 SHS	P	2013-05-28	2015-03-16
	ENBRIDGE INCOME FD HLDGS - 20.00000 SHS	P	2013-05-28	2015-10-13
	EVERSOURCE ENERGY - 30.00000 SHS	P	2013-05-28	2015-03-16
	EVERSOURCE ENERGY - 30.00000 SHS	P	2013-05-28	2015-10-13
	INTER PIPELINE LTD - 50.00000 SHS	P	2013-09-12	2015-03-16
	INTER PIPELINE LTD - 100.00000 SHS	P	2013-09-12	2015-10-13
	ITC HOLDINGS CORP - 30.00000 SHS	P	2013-05-28	2015-01-12
	ITC HOLDINGS CORP - 20.00000 SHS	P	2013-05-28	2015-03-16
	ITC HOLDINGS CORP - 80.00000 SHS	P	2013-05-28	2015-10-13
	ITC HOLDINGS CORP - 30.00000 SHS	P	2013-05-28	2015-10-16
	ITC HOLDINGS CORP - 30.00000 SHS	P	2013-06-04	2015-10-16
	ITC HOLDINGS CORP - 30.00000 SHS	P	2014-06-17	2015-10-21
	ITC HOLDINGS CORP - 10.00000 SHS	P	2014-08-14	2015-10-21
	KINDER MORGAN INC DEL - 288.00000 SHS	P	2013-05-28	2015-01-12
	KINDER MORGAN INC DEL - 158.00000 SHS	P	2013-05-28	2015-01-13
	KINDER MORGAN INC DEL - 32.00000 SHS	P	2013-05-28	2015-01-13
	KINDER MORGAN INC DEL - 210.00000 SHS	P	2013-05-28	2015-03-16
	KINDER MORGAN INC DEL - 60.00000 SHS	P	2013-05-28	2015-07-15
	NRG YIELDING CL A - 20.00000 SHS	P	2013-08-27	2015-01-12
	NRG YIELDING CL A - 10.00000 SHS	P	2013-09-12	2015-01-12
	NRG YIELDING CL A - 70.00000 SHS	P	2013-09-12	2015-03-16
	NRG YIELDING CL A - 10.00000 SHS	P	2014-01-17	2015-04-07
	NATIONAL GRID PLC - 10.00000 SHS	P	2013-06-11	2015-03-16
	NATIONAL GRID PLC - 10.00000 SHS	P	2013-06-11	2015-10-13
	NEXTERA ENERGY INC - 10.00000 SHS	P	2013-05-28	2015-03-16
	NEXTERA ENERGY INC - 10.00000 SHS	P	2013-05-28	2015-10-13
	NORTHEAST UTILITIES - 20.00000 SHS	P	2013-05-28	2015-01-12
	ONE GAS INC - 20.00000 SHS	P	2014-06-19	2015-10-13
	ONE GAS INC - 20.00000 SHS	P	2014-06-19	2015-10-16
	ONE GAS INC - 22.00000 SHS	P	2014-06-19	2015-10-21
	ONE GAS INC - 8.00000 SHS	P	2014-06-20	2015-10-21
	ONE GAS INC - 10.00000 SHS	P	2014-06-20	2015-10-26
	SEMPRAENERGY - 20.00000 SHS	P	2014-03-12	2015-03-16
	THE SOUTHERN COMPANY - 10.00000 SHS	P	2013-06-04	2015-01-12
	THE SOUTHERN COMPANY - 10.00000 SHS	P	2013-06-11	2015-03-16
	THE SOUTHERN COMPANY - 70.00000 SHS	P	2013-06-26	2015-03-30
	THE SOUTHERN COMPANY - 10.00000 SHS	P	2013-09-12	2015-03-30
	TRANSCANADA CORP - 50.00000 SHS	P	2013-05-28	2015-03-16
	TRANSCANADA CORP - 10.00000 SHS	P	2013-05-28	2015-03-16
	TRANSCANADA CORP - 40.00000 SHS	P	2013-05-28	2015-07-24
	TRANSCANADA CORP - 10.00000 SHS	P	2013-05-28	2015-07-24
	TRANSCANADA CORP - 20.00000 SHS	P	2013-06-04	2015-07-24
	TRANSCANADA CORP - 20.00000 SHS	P	2013-06-11	2015-07-24
	TRANSCANADA CORP - 10.00000 SHS	P	2013-06-11	2015-07-24
	TRANSCANADA CORP - 60.00000 SHS	P	2013-09-12	2015-07-24
	TRANSCANADA CORP - 10.00000 SHS	P	2014-03-12	2015-07-24
	TRANSCANADA CORP - 10.00000 SHS	P	2014-06-17	2015-07-24
	UGI CORP NEW - 10.00000 SHS	P	2013-06-04	2015-01-12
	UGI CORP NEW - 10.00000 SHS	P	2013-06-04	2015-03-16
	UGI CORP NEW - 5.00000 SHS	P	2013-06-04	2015-07-15
	UGI CORP NEW - 5.00000 SHS	P	2013-06-11	2015-07-15
	UGICORPNEW - 10.00000 SHS	P	2013-06-11	2015-10-13
	WILLIAMS COMPANIES INC - 130.00000 SHS	P	2013-05-28	2015-03-16
	WILLIAMS COMPANIES INC - 10.00000 SHS	P	2013-06-04	2015-03-30
	WILLIAMS COMPANIES INC - 20.00000 SHS	P	2013-06-04	2015-06-22
	WILLIAMS COMPANIES INC - 30.00000 SHS	P	2013-06-11	2015-06-22
	GOLAR LNG PARTNERS LP - 10.00000 SHS	P	2014-06-18	2015-07-15
	GOLAR LNG PARTNERS LP - 8.00000 SHS	P	2014-06-18	2015-10-13
	GOLAR LNG PARTNERS LP - 12.00000 SHS	P	2014-06-19	2015-10-13
	GOLAR LNG PARTNERS LP - 20.00000 SHS	P	2014-06-19	2015-10-16
	GOLAR LNG PARTNERS LP - 10.00000 SHS	P	2014-06-19	2015-10-21
	GOLAR LNG PARTNERS LP - 13.00000 SHS	P	2014-06-19	2015-10-26
	GOLAR LNG PARTNERS LP - 27.00000 SHS	P	2014-06-20	2015-10-26
	GOLAR LNG PARTNERS LP - 10.00000 SHS	P	2014-06-20	2015-10-28
	GOLAR LNG PARTNERS LP - 13.00000 SHS	P	2014-06-20	2015-11-02
	GOLAR LNG PARTNERS LP - 7.00000 SHS	P	2014-10-20	2015-11-02
	GOLAR LNG PARTNERS LP - 3.00000 SHS	P	2014-10-20	2015-11-06
	ALLIANCE HOLDINGS GP LP - 10.00000 SHS	P	2013-05-28	2015-03-16
	ALLIANCE HOLDINGS GP LP - 10.00000 SHS	P	2013-05-28	2015-03-30
	ALLIANCE RESOURCES PARTNERS LP - 50.00000 SHS	P	2013-05-28	2015-03-16
	ALLIANCE RESOURCES PARTNERS LP - 10.00000 SHS	P	2013-05-28	2015-03-30
	AMERIGAS PARTNERS LP - 70.00000 SHS	P	2013-05-28	2015-03-16
	AMERIGAS PARTNERS LP - 10.00000 SHS	P	2013-05-28	2015-03-16
	AMERIGAS PARTNERS LP - 30.00000 SHS	P	2013-05-28	2015-10-13
	AMERIGAS PARTNERS LP - 30.00000 SHS	P	2013-05-28	2015-10-16
	AMERIGAS PARTNERS LP - 20.00000 SHS	P	2013-05-28	2015-10-21
	AMERIGAS PARTNERS LP - 30.00000 SHS	P	2013-05-28	2015-10-26
	EOT MIDSTREAM PARTNER LP - 20.00000 SHS	P	2013-05-28	2015-03-16
	ENERGY TRANSFER PARTNERS LP - 20.00000 SHS	P	2003-06-03	2015-03-16
	ENERGY TRANSFER PARTNERS LP - 20.00000 SHS	P	2005-04-20	2015-03-16
	ENERGY TRANSFER PARTNERS LP - 30.00000 SHS	P	2005-04-20	2015-03-30
	ENERGY TRANSFER PARTNERS LP - 130.00000 SHS	P	2005-04-20	2015-07-15
	ENERGY TRANSFER PARTNERS LP - 10.00000 SHS	P	2005-04-20	2015-10-13
	ENERGY TRANSFER EQUITY LP - 40.00000 SHS	P	2013-05-28	2015-03-16
	ENERGY TRANSFER EQUITY LP - 20.00000 SHS	P	2013-05-28	2015-07-15
	ENERGY TRANSFER EQUITY LP - 40.00000 SHS	P	2013-06-04	2015-10-13
	ENERGY TRANSFER EQUITY LP - 40.00000 SHS	P	2013-06-11	2015-10-13
	ENTERPRISE PRODUCTS PARTNERS - 190.00000 SHS	P	2008-10-24	2015-03-16
	ENTERPRISE PRODUCTS PARTNERS - 10.00000 SHS	P	2008-10-24	2015-03-30
	ENTERPRISE PRODUCTS PARTNERS - 40.00000 SHS	P	2008-10-24	2015-10-13
	HOLLY ENERGY PARTNERS LP - 70.00000 SHS	P	2013-05-28	2015-03-16
	MAGELLAN MIDSTREAM PRTNS - 50.00000 SHS	P	2011-08-15	2015-03-16
	NGL ENERGY PARTNERS LP - 100.00000 SHS	P	2013-05-28	2015-03-16
	NGL ENERGY PARTNERS LP - 40.00000 SHS	P	2013-05-28	2015-03-16
	NGL ENERGY PARTNERS LP - 10.00000 SHS	P	2013-05-28	2015-07-15
	NGL ENERGY PARTNERS LP - 30.00000 SHS	P	2013-05-28	2015-10-13
	NGL ENERGY PARTNERS LP - 20.00000 SHS	P	2013-05-28	2015-10-16
	NGL ENERGY PARTNERS LP - 30.00000 SHS	P	2013-05-28	2015-10-21
	NGL ENERGY PARTNERS LP - 11.00000 SHS	P	2013-05-28	2015-10-26
	NGL ENERGY PARTNERS LP - 19.00000 SHS	P	2013-06-04	2015-10-26
	NGL ENERGY PARTNERS LP - 21.00000 SHS	P	2013-06-04	2015-10-28
	NGL ENERGY PARTNERS LP - 9.00000 SHS	P	2013-06-11	2015-10-28
	NGL ENERGY PARTNERS LP - 19.00000 SHS	P	2013-06-11	2015-11-02
	NGL ENERGY PARTNERS LP - 11.00000 SHS	P	2013-06-11	2015-11-02
	NGL ENERGY PARTNERS LP - 20.00000 SHS	P	2013-06-11	2015-11-06
	NGL ENERGY PARTNERS LP - 1.00000 SHS	P	2013-06-11	2015-11-11
	NGL ENERGY PARTNERS LP - 30.00000 SHS	P	2013-09-12	2015-11-11
	NGL ENERGY PARTNERS LP - 9.00000 SHS	P	2014-10-20	2015-11-11
	NGL ENERGY PARTNERS LP - 46.00000 SHS	P	2014-10-20	2015-11-16
	NGL ENERGY PARTNERS LP - 4.00000 SHS	P	2014-10-24	2015-11-16
	NGL ENERGY PARTNERS LP - 36.00000 SHS	P	2014-10-24	2015-11-18
	NGL ENERGY PARTNERS LP - 4.00000 SHS	P	2014-10-29	2015-11-18
	NGL ENERGY PARTNERS LP - 40.00000 SHS	P	2014-10-29	2015-11-23
	NGL ENERGY PARTNERS LP - 26.00000 SHS	P	2014-10-29	2015-11-25
	NEXTERA ENERGY INC - 10.00000 SHS	P	2008-11-13	2015-01-12
	NEXTERA ENERGY INC - 10.00000 SHS	P	2008-11-13	2015-03-16
	ONEOK PARTNERS LP - 40.00000 SHS	P	2013-05-28	2015-01-12
	ONEOK PARTNERS LP - 80.00000 SHS	P	2013-05-28	2015-03-16
	ONEOK PARTNERS LP - 80.00000 SHS	P	2013-05-28	2015-03-30
	ONEOK PARTNERS LP - 30.00000 SHS	P	2013-06-04	2015-03-30
	ONEOK PARTNERS LP - 30.00000 SHS	P	2013-06-11	2015-03-30
	ONEOK PARTNERS LP - 10.00000 SHS	P	2013-06-11	2015-04-07
	ONEOK PARTNERS LP - 90.00000 SHS	P	2013-12-18	2015-04-07
	ONEOK PARTNERS LP - 10.00000 SHS	P	2014-01-17	2015-04-07
	PLAINS ALL AMERICAN PIPELINE LP - 70.00000 SHS	P	2004-07-14	2015-01-12
	PLAINS ALL AMERICAN PIPELINE LP - 60.00000 SHS	P	2004-07-14	2015-03-16
	SPECTRA ENERGY PARTNERS - 50.00000 SHS	P	2011-08-12	2015-03-16
	TC PIPELINES - 10.00000 SHS	P	2011-08-12	2015-01-12
	TC PIPELINES - 40.00000 SHS	P	2011-08-12	2015-03-16
	TC PIPELINES - 10.00000 SHS	P	2011-08-12	2015-03-30
	TRANSMONTAIGNE PARTNERS LP - 40.00000 SHS	P	2013-05-28	2015-03-16
	TRANSMONTAIGNE PARTNERS LP - 20.00000 SHS	P	2013-05-28	2015-03-16
	TRANSMONTAIGNE PARTNERS LP - 10.00000 SHS	P	2013-05-28	2015-07-15
	WILLIAMS PARTNERS LP NEW - 0.03608 SHS	P	2013-09-12	2015-02-05
	WILLIAMS PARTNERS LP NEW - 0.06014 SHS	P	2014-01-17	2015-02-05
	WILLIAMS PARTNERS LP NEW - 70.00000 SHS	P	2013-05-28	2015-03-16
	WILLIAMS PARTNERS LP NEW - 3.88888 SHS	P	2013-05-28	2015-07-15
	WILLIAMS PARTNERS LP NEW - 6.11112 SHS	P	2013-06-11	2015-07-15
	WILLIAMS PARTNERS LP NEW - 4.44443 SHS	P	2013-06-11	2015-10-13
	WILLIAMS PARTNERS LP NEW - 25.96552 SHS	P	2013-09-12	2015-10-13
	WILLIAMS PARTNERS LP NEW - 9.59005 SHS	P	2014-01-17	2015-10-13
	WILLIAMS PARTNERS LP NEW - 33.68581 SHS	P	2014-01-17	2015-10-16
	WILLIAMS PARTNERS LP NEW - 10.55557 SHS	P	2014-08-14	2015-10-16
	WILLIAMS PARTNERS LP NEW - 5.75862 SHS	P	2014-08-14	2015-10-16
	TEEKAY LNG PARTNERS LP - 40.00000 SHS	P	2013-05-28	2015-01-12
	TEEKAY LNG PARTNERS LP - 30.00000 SHS	P	2013-05-28	2015-01-13
	TEEKAY LNG PARTNERS LP - 20.00000 SHS	P	2013-05-28	2015-03-16
	TEEKAY LNG PARTNERS LP - 30.00000 SHS	P	2013-05-28	2015-03-30
	TEEKAY LNG PARTNERS LP - 30.00000 SHS	P	2013-05-28	2015-07-15
	TEEKAY LNG PARTNERS LP - 21.00000 SHS	P	2013-05-28	2015-07-21
	TEEKAY LNG PARTNERS LP - 9.00000 SHS	P	2013-06-04	2015-07-21
	TEEKAY LNG PARTNERS LP - 21.00000 SHS	P	2013-06-04	2015-07-27
	TEEKAY LNG PARTNERS LP - 9.00000 SHS	P	2013-06-11	2015-07-27
	TEEKAY LNG PARTNERS LP - 21.00000 SHS	P	2013-06-11	2015-07-31
	TEEKAY LNG PARTNERS LP - 19.00000 SHS	P	2013-10-24	2015-07-31
	TEEKAY LNG PARTNERS LP - 1.00000 SHS	P	2013-10-24	2015-08-07
	TEEKAY LNG PARTNERS LP - 30.00000 SHS	P	2014-03-12	2015-08-07
	GENERAL MOTORS CO - 2.00000 SHS	P	2014-11-13	2015-08-21
	GOOGLE CL C NON-VOTING - 0.06900 SHS	P	2015-05-01	2015-05-04
	RMR GRP INC/THE - 0.66000 SHS	P	2015-12-15	2015-12-15
	GENERAL MOTORS CO - 39.00000 SHS	P	2011-04-21	2015-08-21
	GENERAL MOTORS CO - 38.00000 SHS	P	2011-04-21	2015-08-21
	GENERAL MOTORS CO - 1.00000 SHS	P	2011-07-28	2015-08-21
	GENERAL MOTORS CO - 1.00000 SHS	P	2011-07-28	2015-08-21
	GENERAL MOTORS CO - 4.00000 SHS	P	2013-12-23	2015-08-21
	NEW MEDIA INVESTMENT - 28.00000 SHS	P	2014-02-14	2015-08-21
	CORUS ENTMT INC - 200.00000 SHS	P	2010-05-25	2015-08-21
	DEL MONTE CORP - 12000.00000 SHS	P	2012-08-30	2015-03-23
	MOTORS LIQUIDATION CO - 10.27224 SHS	P	2012-06-12	2015-08-21
	MOTORS LIQUIDATION CO - 10.21738 SHS	P	2012-06-12	2015-08-21
	REYNOLDS AMERICAN INC - 150.00000 SHS	P	2003-09-03	2015-08-21
	UNITED TECHNOLOGIES PFD - 200.00000 SHS	P	2012-07-16	2015-01-16
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	672	753	-81
b	1,332	1,506	-174
c	666	674	-8
d	2,084	1,786	298
e	854	898	-44
	854	888	-34
	608	570	38
	429	379	50
	1,320	1,211	109
	330	300	30
	1,588	1,709	-121
	975	1,054	-79
	986	1,054	-68
	1,070	1,159	-89
	604	671	-67
	549	553	-4
	796	820	-24
	603	594	9
	1,436	1,427	9
	727	788	-61
	1,235	1,182	53
	1,654	1,537	117
	934	1,259	-325
	2,055	2,779	-724
	374	560	-186
	888	868	20
	1,360	1,348	12
	367	337	30
	3,737	4,043	-306
	1,508	1,890	-382
	599	567	32
	7,792	6,908	884
	1,676	2,126	-450
	422	531	-109
	1,267	1,237	30
	399	544	-145
	598	819	-221
	277	420	-143
	361	568	-207
	26		26
	7		7
	10		10
	10		10
	2		2
	469	504	-35
	937	1,274	-337
	247	353	-106
	556	909	-353
	3,015	2,514	501
	603	511	92
	1,249	1,678	-429
	585	591	-6
	378	413	-35
	703	768	-65
	928	1,004	-76
	709	739	-30
	925	967	-42
	163	171	-8
	1,449	1,542	-93
	930	826	104
	761	865	-104
	818	865	-47
	6	7	-1
	6	7	-1
	1	1	0
	2,216	1,603	613
	1,617	1,202	415
	1,183	802	381
	601	401	200
	601	517	84
	1,210	1,042	168
	762	555	207
	350	277	73
	350	281	69
	718	563	155
	456	464	-8
	1,868	1,855	13
	1,283	1,391	-108
	439	464	-25
	439	431	8
	439	433	6
	439	474	-35
	437	474	-37
	874	855	19
	903	701	202
	716	561	155
	6,218	4,972	1,246
	1,106	829	277
	1,771	1,508	263
	527	503	24
	1,495	1,280	215
	1,528	1,280	248
	1,200	1,217	-17
	2,004	2,434	-430
	1,241	890	351
	730	593	137
	2,678	2,372	306
	1,018	890	128
	1,018	881	137
	1,008	1,103	-95
	336	366	-30
	11,982	11,763	219
	6,475	4,993	1,482
	1,311	1,307	4
	8,503	6,636	1,867
	2,259	1,896	363
	1,050	558	492
	525	296	229
	3,465	2,073	1,392
	521	388	133
	633	580	53
	696	580	116
	1,034	773	261
	1,013	773	240
	1,065	853	212
	949	750	199
	963	750	213
	1,065	825	240
	387	302	85
	489	378	111
	2,162	1,886	276
	496	440	56
	446	444	2
	3,107	3,083	24
	444	410	34
	2,139	2,415	-276
	428	483	-55
	1,508	1,932	-424
	377	483	-106
	754	922	-168
	754	911	-157
	377	491	-114
	2,263	2,653	-390
	377	443	-66
	377	471	-94
	369	254	115
	324	254	70
	181	127	54
	181	128	53
	353	257	96
	6,014	4,806	1,208
	505	349	156
	1,199	698	501
	1,798	1,028	770
	238	338	-100
	133	269	-136
	199	404	-205
	344	673	-329
	176	336	-160
	219	437	-218
	455	939	-484
	175	348	-173
	237	452	-215
	127	230	-103
	49	98	-49
	488	645	-157
	506	645	-139
	1,730	1,904	-174
	314	381	-67
	3,306	3,315	-9
	472	474	-2
	1,288	1,421	-133
	1,327	1,421	-94
	865	947	-82
	1,259	1,421	-162
	1,491	1,004	487
	1,076	267	809
	1,076	616	460
	1,689	924	765
	6,949	4,003	2,946
	461	308	153
	2,424	1,213	1,211
	1,283	606	677
	937	582	355
	937	575	362
	5,918	1,915	4,003
	329	101	228
	1,119	403	716
	2,098	2,666	-568
	3,799	1,502	2,297
	2,663	2,939	-276
	1,065	1,176	-111
	288	294	-6
	648	882	-234
	405	588	-183
	586	882	-296
	196	323	-127
	339	527	-188
	381	583	-202
	163	257	-94
	363	548	-185
	210	314	-104
	336	577	-241
	16	29	-13
	494	926	-432
	148	311	-163
	797	1,588	-791
	69	149	-80
	646	1,337	-691
	72	143	-71
	729	1,431	-702
	458	930	-472
	1,062	473	589
	1,034	473	561
	1,528	2,153	-625
	3,163	4,305	-1,142
	3,211	4,305	-1,094
	1,204	1,554	-350
	1,204	1,511	-307
	416	504	-88
	3,748	4,504	-756
	416	505	-89
	3,398	1,183	2,215
	2,790	1,014	1,776
	2,558	1,398	1,160
	647	435	212
	2,426	1,741	685
	621	435	186
	1,231	1,766	-535
	616	883	-267
	384	441	-57
	2	2	0
	3	3	0
	3,262	2,865	397
	189	159	30
	297	254	43
	145	185	-40
	848	1,487	-639
	313	545	-232
	1,142	1,915	-773
	358	600	-242
	195	336	-141
	1,630	1,776	-146
	1,170	1,332	-162
	705	888	-183
	1,104	1,332	-228
	915	1,332	-417
	625	933	-308
	268	385	-117
	583	898	-315
	250	380	-130
	580	886	-306
	525	787	-262
	27	41	-14
	807	1,214	-407
	59		59
	38		38
	9	8	1
	1,158		1,158
	1,128		1,128
	30		30
	30		30
	119		119
	420	329	91
	1,973	3,540	-1,567
	12,229	12,015	214
	166		166
	165		165
	12,566	1,348	11,218
	12,093	10,386	1,707
	6,625		6,625

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			-81
b			-174
c			-8
d			298
e			-44
			-34
			38
			50
			109
			30
			-121
			-79
			-68
			-89
			-67
			-4
			-24
			9
			9
			-61
			53
			117
			-325
			-724
			-186
			20
			12
			30
			-306
			-382
			32
			884
			-450
			-109
			30
			-145
			-221
			-143
			-207
			26
			7
			10
			10
			2
			-35
			-337
			-106
			-353
			501
			92
			-429
			-6
			-35
			-65
			-76
			-30
			-42
			-8
			-93
			104
			-104
			-47
			-1
			-1
			0
			613
			415
			381
			200
			84
			168
			207
			73
			69
			155
			-8
			13
			-108
			-25
			8
			6
			-35
			-37
			19
			202
			155
			1,246
			277
			263
			24
			215
			248
			-17
			-430
			351
			137
			306
			128
			137
			-95
			-30
			219
			1,482
			4
			1,867
			363
			492
			229
			1,392
			133
			53
			116
			261
			240
			212
			199
			213
			240
			85
			111
			276
			56
			2
			24
			34
			-276
			-55
			-424
			-106
			-168
			-157
			-114
			-390
			-66
			-94
			115
			70
			54
			53
			96
			1,208
			156
			501
			770
			-100
			-136
			-205
			-329
			-160
			-218
			-484
			-173
			-215
			-103
			-49
			-157
			-139
			-174
			-67
			-9
			-2
			-133
			-94
			-82
			-162
			487
			809
			460
			765
			2,946
			153
			1,211
			677
			355
			362
			4,003
			228
			716
			-568
			2,297
			-276
			-111
			-6
			-234
			-183
			-296
			-127
			-188
			-202
			-94
			-185
			-104
			-241
			-13
			-432
			-163
			-791
			-80
			-691
			-71
			-702
			-472
			589
			561
			-625
			-1,142
			-1,094
			-350
			-307
			-88
			-756
			-89
			2,215
			1,776
			1,160
			212
			685
			186
			-535
			-267
			-57
			0
			0
			397
			30
			43
			-40
			-639
			-232
			-773
			-242
			-141
			-146
			-162
			-183
			-228
			-417
			-308
			-117
			-315
			-130
			-306
			-262
			-14
			-407
			59
			38
			1
			1,158
			1,128
			30
			30
			119
			91
			-1,567
			214
			166
			165
			11,218
			1,707
			6,625

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	36,156
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 ...................		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? Yes No

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	0	1,566,279	0.000000
2013	101,000	1,442,944	0.069996
2012	80,000	1,357,028	0.058952
2011	102,254	1,357,544	0.075323
2010	90,000	1,304,523	0.068991

Total of line 1, column (d) .....................

20.273262

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 . . .

0.054652

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

1,557,192

Multiply line 4 by line 3......................

85,104

Enter 1% of net investment income (1% of Part I, line 27b)...........

709

Add lines 5 and 6........................

85,813

Enter qualifying distributions from Part XII, line 4.............

19,999

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,417
	hereand 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	1,417
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	1,417
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	2,286
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	1,500
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,786
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,369
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax2,369	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

ALAN L GOLDBERG CPA Telephone no. bullet

(212) 867-1776

Located at bullet

216 EAST 45TH STREET - SUITE 1101NEW YORKNY ZIP+4 bullet

10017

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
CLAY PATRICK BEDFORD JR	TRUSTEE AND PRESIDENT 1.00	0	0	0
AYERS LAKE FARM 557 ROUTE 202 BARRINGTON,NH03825	TRUSTEE AND PRESIDENT 1.00	0	0	0
PETER BENJAMIN BEDFORD	TRUSTEE 1.00	0	0	0
AYERS LAKE FARM 557 ROUTE 202 BARRINGTON,NH03825	TRUSTEE 1.00	0	0	0
STEVEN BEDFORD	TRUSTEE 1.00	0	0	0
11 SHAFER ROAD NEW HARTFORD,CT06057	TRUSTEE 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,505,177

Average of monthly cash balances.......................

75,729

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,580,906

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,580,906

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

23,714

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,557,192

Minimum investment return. Enter 5% of line 5..................

77,860

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

77,860

Tax on investment income for 2015 from Part VI, line 5......

1,417

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,417

Distributable amount before adjustments. Subtract line 2c from line 1............

76,443

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

76,443

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

76,443

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

19,999

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

19,999

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

19,999

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)

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					76,443
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......
b From 2011......	10,112
c From 2012......	78,688
d From 2013......	33,173
e From 2014......
fTotal of lines 3a through e........		121,973
4Qualifying distributions for 2015 from Part
XII, line 4: $ 19,999
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.....					19,999
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		56,444			56,444
(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		65,529
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) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		65,529
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....	32,356
c Excess from 2013....	33,173
d Excess from 2014....
e Excess from 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 section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

STEVEN BEDFORD CO-TRUSTEE
11 SHAFER ROAD
NEW HARTFORD,CT06057
(860) 489-9908

bThe form in which applications should be submitted and information and materials they should include:

THE PURPOSE OF THE CONTRIBUTION OR GRANT AND AMOUNT

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

PURPOSE IS FOR SECONDARY AND HIGHER EDUCATION OR MEDICAL CARE AND RESEARCH

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
PROPERTY & ENVIRONMENT RESEARCH CENTER 2048 ANALYSIS DR STE A BOZEMAN,MT59718		501(C)(3) PUBLIC CHA	GENERAL CONTRIBUTION	10,000
SMITHSONIAN INSTITUTION PO BOX 37012 WASHINGTON,DC20013		501(C)(3) PUBLIC CHA	GENERAL CONTRIBUTION	9,999
Total ................................. 3a				19,999

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	4,974
4 Dividends and interest from securities....			14	37,170
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.....			01	23,225
8 Gain or (loss) from sales of assets other than inventory ............			18	36,156
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		101,525	0

13Total. Add line 12, columns (b), (d), and (e)..................

13101,525

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AT & T INC - 700 SHARES	19,291	24,087
BRISTOL MYERS SQUIBB CO - 100 SHS	2,183	6,879
CATERPILLAR INC - 200 SHS	8,005	13,592
CELGENE CORP - 200 SHS	7,401	23,952
DU PNT EI DE NEMOURS & CO - 300 SHS	13,315	19,980
EMERSON ELECTRIC CO EMR - 200	9,960	9,566
HARRIS CORP DEL - 200 SHARES	8,593	17,380
HEALTH CARE REIT INC - 300 SHARES	14,065	20,409
ISHARES DOW JONES SELECT DIV INDEX F-600 SHS	33,165	45,090
ISHARES TR RUSSELL 2000 VALUE - 200	10,880	18,388
MERCK & CO INC - 150 SHARES	5,682	7,923
NATIONAL HEALTH INVS INC - 200 SHS	5,670	12,174
NEXTRA ENERGY INC - 80 SHARES	7,370	8,311
NUCOR CORP - 200 SHARES	8,323	8,060
PLAINS ALL AMERICAN PIPELINE - 420	23,593	14,091
PROCTER & GAMBLE CO - 200 SHARES	12,684	15,882
REYNOLDS AMERICAN INC - 600 SHARES	7,422	27,690
SENIOR HOUSING PROPERTY TR - 600 SHS	9,502	8,904
STARWOOD PROPERTY TR INC - 500 SHARES	10,693	10,280
TAIWAN SEMICONDUCTOR MFG CO - 500 SH	4,759	11,375
WALMART STORE - 300 SHARES	15,807	18,390
BARCLAY BANK PLC 7.75% NON-CUM - 1000 SHS	24,990	26,350
DB CONT CAP TR 6.55% NON-CUM - 500 SHS	10,706	12,830
GREAT ATL & PACIFIC 9.375% - 100 SHS	1,700	0
HSBC HOLDINGS PLC 6.2% - 400	9,430	10,228
APPLE INC - 525 SHS	32,675	55,261
INTERDIGITAL INC - 200 SHS	10,238	9,808
DIGITAL REALTY 7% - 500	12,500	12,915
KKR FINL HLDGS 8.375% PFD - 400	10,000	10,588
QWEST CORP 7.5% PFD - 500	12,500	12,830
ENTERPRISE PRODUCTS PARTNERS - 1386 SHS	20,755	35,454
MAGELLAN MIDSTREAM PRTNS - 260 SHS	11,260	17,659
SPECTRA ENERGY PARTNERS LP - 480 SHS	14,605	22,896
TC PIPELINES TCP - 260 SHS	8,809	12,925
WILLIAMS PARTNERS LP - 176 SHS	5,144	4,902
ONEOK PARTNERS - 400 SHS	0	0
ARBOR REALTY TRUST INC - 500	2,548	3,575
BHP BILLITON LTD - 100	7,175	2,576
CISCO SYSTEMS INC - 200	4,888	5,431
ALPHABET (GOOGLE) INC - 50	17,010	38,422
INTEL CORP - 600	15,057	20,670
ISHARES MSCI SWEDEN - 200	5,876	5,836
KKR & CO L P DEL - 500	10,066	7,795
JOHNSON & JOHNSON - 200	12,500	20,544
MOSAIC COMPANY - 100 SHS	5,895	2,759
NEWCASTLE INVESTMENT - 66	2,472	269
NEWMONT MINING CORP NEW - 200	9,880	3,598
NOVARTIS AG - 200	13,522	17,208
POTASH CORP OF SASKATCHEWAN INC - 100	4,666	1,712
WASTE MGMT INC DEL - 300	11,718	16,011
BGC PARTNERS 8.125% - 300 SHS	7,500	8,073
CHARLES SCHWAB 6% - 500 SHS	12,500	13,380
FIRST POTOMAC 7.75% - 500 SHS	12,500	12,652
STAG INDUSTRIAL INC 9% - 700 SHS	19,210	18,249
ACCESS MIDSTREAM PARTNERS LP - 90 SHS	0	0
ALLIANCE HOLDINGS GP LP - 182 SHS	9,299	3,673
ALLIANCE RESOURCES PARTNERS LP - 420	13,203	5,666
ALLSTATE CORP - 200 SHARES	10,600	12,418
AMERICAN EAGLE OUTFITTERS - 300 SHARES	4,262	4,650
AMERIGAS PARTNERS LP - 220 SHS	6,669	7,539
ANWORTH MORTGAGE ASSET - 500 SHARES	2,320	2,175
ATMOS ENERGY CORP - 100 SHS	5,254	6,304
BARRICK GOLD CORP - 500 SHARES	9,593	3,690
BIOMED REALTY TRUST INC - 700 SHARES	15,050	16,583
CDN IMPERIAL BK COMMERCE - 200 SHARES	16,612	13,174
DEERE & CO - 300 SHARES	25,655	22,881
DOMINION RES INC VA NEW - 85 SHS	5,541	5,749
DUNKIN BRANDS GROUP INC - 300 SHARES	14,401	12,777
ENBRIDGE ENERGY MANAGEMENT LLC-953 SHS	25,714	21,280
ENBRIDGE INC - 40 SHARES	1,791	1,328
ENBRIDGE INCOME FUND HOLDINGS-295 SHS	7,464	5,984
ENERGY TRANSFER EQUITY-100 SHS	0	0
ENERGY TRANSFER PARTNERS LP-150 SHS	3,599	5,060
EQUITY MIDSTREAM PARTNER LP-198 SHS	12,750	14,941
II-ISE CLOUD COMPUTING INDEX FUND - 200 SHARES	4,880	6,008
HOLLY ENERGY PARTNERS LP - 545 SHARES	15,506	16,971
HSBC HOLDINGS PLC - 200 SHARES	11,053	7,894
INTER PIPELINE LTD - 190 SHARES	4,722	3,038
INTERNATIONAL BUSINESS MACHINE CORP - 100 SHARES	19,923	13,762
KEYCORP NEW - 200 SHARES	2,644	2,638
KINDER MORGAN INC DEL - 907 SHARES	28,524	13,532
NATIONAL GRID PLC SPON ADRE NEW - 90 SHARES	5,509	6,259
NGL ENERGY PARTNERS LP -496 SHARES	0	0
NIKE INC CLASS B - 100 SHARES	6,700	12,500
NORFOLK SOUTHERN CORP - 200 SHARES	16,526	16,918
EVERSOURCE/NORTHEAST UTIL - 150 SHARES	6,609	7,661
NVIDIA CORP - 200 SHARES	3,006	6,592
TEEKAY LNG PARTNERS LP - 281 SHARES	0	0
TRANSCANADA CORP - 450 SHARES	16,871	14,666
TRANSMONTAIGNE PARTNERS LP - 220 SHARES	5,598	5,887
UGI CORP NEW - 120 SHARES	3,109	4,051
VODAFONE GROUP PLC - 218 SHARES	10,314	7,033
WALGREEN COMPANY - 200 SHARES	9,881	17,031
3D SYS CORP - 200 SHS	7,523	1,738
ALIBABA GRP HOLDINGS - 100 SHS	9,892	8,127
DISNEY WALT CO - 200 SHS	18,271	21,016
FORD MOTOR CO - 500 SHS	7,450	7,045
NEW MEDIA INVESTMENT - 28 SHS	0	0
NEW RESIDENTIAL INVESTMENT - 200 SHS	2,756	2,432
NEW SENIOR INVESTMENT - 66 SHS	1,189	651
PANERA BREAD CO - 50 SHS	9,273	9,739
STARWOOD WAYPOINT RES TR - 100 SHS	2,884	2,264
STRATASYS LTD - 100 SHS	10,352	2,348
TARGET CORP - 100 SHS	5,981	7,261
TUTOR PERINI CORP - 200 SHS	5,874	3,348
VERIZON - 105 SHS	5,052	4,853
YAHOO - 300 SHS	11,700	9,978
GOLAR LNG - 173 SHS	0	0
NEXTERA ENERGY PARTNERS - 372 SHS	12,954	11,104
ONE GAS INC - 82 SHS	3,113	4,114
SEMPRA ENERGY - 100 SHS	10,194	9,401
SOUTH JERSEY IND INC - 107 SHS	0	0
TALLGRASS ENERGY PARTNER - 224 SHS	9,591	9,231
ALLERGAN PLC - 50 SHS	13,999	15,625
CHEMOURS CO - 60 SHS	713	322
GENERAL MOTORS WTS A - 10,000	0	1,824
GENERAL MOTORS WTS B - 10,000	0	1,222
JPMORGAN CHASE - 200 SHS	12,000	13,206
NETFLIX - 100 SHS	10,388	11,438
RMR GRP - 6 SHS	71	86
SOUTH 32 LTD - 40 SHS	360	153
UNDER ARMOUR INC - 100 SHS	8,335	8,061
COLUMBIA PIPELINE PARTNERS - 500	9,077	8,740
TARGA RESOURCES PARTNERS - 245	8,260	4,050
WESTLAKE CHEMICAL PARTNERS - 130	2,879	2,883
INFRAREIT INC - 240 SHS	7,028	4,440
NEW JERSEY RES CORP - 130 SHS	3,683	4,284
PIEDMONT NATURAL GAS - 90 SHS	3,559	5,132

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
PRUDENTIAL SECTORS FDS - 1175 UNITS	AT COST	54,222	55,621
FIRST TRUST CYBERSECURITY PORTFOLIO	AT COST	25,023	20,226

Description	Revenue and Expenses per Books	Net Investment Income
ADVISORY FEES	26,113	26,113
NON-DEDUCTIBLE EXPENSES	57	0
ADR FEES	12	12
POSTAGE AND DELIVERY	15	0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	800	800		0
FEDERAL EXCISE TAXES	8,345	0		0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ROYALTIES	19	19	19
OTHER PARTNERSHIP GAINS	250	250	250
SEC 1231 LOSS FROM PARTNERSHIP	-146	-146	-146
OTHER PARTNERSHIP ADJUSTMENT	22,013	22,013	22,013
OTHER INVESTMENT INCOME	149	149	149
WASH SALE ADJUSTMENT	940	940	940