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
JAMES K ADAMS & ARLENE L ADAMS
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1011 MUMMA ROAD STE 201 RM/STE 201
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LEMOYNE, PA17043
A Employer identification number

25-1665127
B Telephone number (see instructions)

(717) 975-9600
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$781,368J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 32,872 32,872  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -4,865
b Gross sales price for all assets on line 6a 716,846
7 Capital gain net income (from Part IV, line 2)... 2,729
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).......      
12 Total. Add lines 1 through 11........ 28,007 35,601  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,500 2,500    
b Accounting fees (attach schedule)....... Click to see attachment 865 865    
c Other professional fees (attach schedule).... Click to see attachment 9,221 9,221    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 267 267    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,853 12,853   0
25 Contributions, gifts, grants paid....... 96,500 96,500
26 Total expenses and disbursements. Add lines 24 and 25 109,353 12,853   96,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -81,346
b Net investment income (if negative, enter -0-) 22,748
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 103 379 379
2 Savings and temporary cash investments......... 35,270 44,897 44,897
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)....... 192,205 Click to see attachment173,243 172,370
c Investments—corporate bonds (attach schedule)....... 108,588 Click to see attachment330,331 322,519
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 538,114 Click to see attachment248,434 241,203
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 874,280 797,284 781,368
Liabilities 17 Accounts payable and accrued expenses..........    
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)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 1,332,605 1,332,605
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds -458,325 -535,321
30 Total net assets or fund balances (see instructions)..... 874,280 797,284
31 Total liabilities and net assets/fund balances (see instructions). 874,280 797,284
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
874,280
2
Enter amount from Part I, line 27a .....................
2
-81,346
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,350
4
Add lines 1, 2, and 3 ..........................
4
797,284
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
797,284
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.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,729
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014      
2013      
2012      
2011      
2010      
2
Total of line 1, column (d) .....................
2  
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
 
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
 
5
Multiply line 4 by line 3......................
5
 
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
 
7
Add lines 5 and 6........................
7
 
8
Enter qualifying distributions from Part XII, line 4.............
8
 
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 1 455
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........................... 3 455
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- ..... 5 455
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 455
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   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)
    bullet
    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 .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDAVID H RADCLIFF Telephone no.bullet (717) 236-9318

    Located atbullet1011 MUMMA ROAD SUITE 201LEYMOYNEPA ZIP+4bullet17043
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    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
    JAMES K ADAMS II TRUSTEE
    0.00     		0 0 0
    37 CLOUSER ROAD
    MECHANICSBURG,PA17055
    DAVID H RADCLIFF TRUSTEE
    0.00     		0 0 0
    1011 MUMMA ROAD SUITE 201
    LEMOYNE,PA17043
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    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 N/A  
    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
    800,478
    b
    Average of monthly cash balances.......................
    1b
    40,486
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    840,964
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    840,964
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    12,614
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    828,350
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    41,418
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    41,418
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    455
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    455
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    40,963
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    40,963
    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
    40,963
    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
    96,500
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    96,500
    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
    96,500
    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 40,963
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 22,016
    b From 2011...... 39,236
    c From 2012...... 36,253
    d From 2013...... 37,127
    e From 2014...... 40,794
    fTotal of lines 3a through e........ 175,426
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 96,500
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 40,963
    e Remaining amount distributed out of corpus 55,537
    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 5 230,963
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		22,016
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		208,947
    10 Analysis of line 9:
    a Excess from 2011.... 39,236
    b Excess from 2012.... 36,253
    c Excess from 2013.... 37,127
    d Excess from 2014.... 40,794
    e Excess from 2015.... 55,537
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    DAVID H RADCLIFF TRUSTEE
    1011 MUMMA ROAD SUITE 201
    LEYMOYNE,PA17043
    (717) 975-9600
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER REQUESTS; NO REQUIRED FORMAT FOR REQUESTS
    cAny submission deadlines:
    PRIOR TO END OF CALENDAR YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PA 501(C)(3) CHARITIES & STUDENTS GRADUATED FROM HIGH SCHOOLS IN EASTERN CUMBERLAND COUNTY PA
    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
    STUDENTS RECEIVED LOANS
    1011 MUMMA ROAD
    LEMOYNE,PA17043     		    TO PAY COLLEGE TUITION 96,500
    Total .................................bullet 3a 96,500
    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 ...........     		         
    4 Dividends and interest from securities....     14 32,872  
    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.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    14 2,729 -7,594
    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)..   35,601 -7,594
    13Total. Add line 12, columns (b), (d), and (e)..................
    1328,007
    (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:
    JAMES K ADAMS & ARLENE L ADAMS
     
    FOUNDATION
    EIN:
    25-1665127
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 865 865    

    TY 2015 ExplnOfNonFilingWithAGStmt
    Name:
    JAMES K ADAMS & ARLENE L ADAMS
     
    FOUNDATION
    EIN:
    25-1665127
    Statement:
    THE FOUNDATION HAS NOT FURNISHED A 990-PF WITH THE ATTORNEY GENERAL OF PA BECAUSE THIS ORGANIZATION HAS NEVER SOLICITED FUNDS IN PENNSYLVANIA OR ANY OTHER STATE. THIS PRIVATE FOUNDATION RECEIVES ITS FUNDING SOLELY FROM THE ORIGINAL GRANTORS OF THE TRUST CREATING THE FOUNDATION.

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    JAMES K ADAMS & ARLENE L ADAMS
     
    FOUNDATION
    EIN:
    25-1665127
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    KRAFT FOODS GROUP   PURCHASE 2015-01   7,757 7,220     537  
    KRAFT FOODS GROUP 2014-11 PURCHASE 2015-01   41 38     3  
    KRAFT FOODS GROUP 2014-11 PURCHASE 2015-01   109 99     10  
    KRAFT FOODS GROUP 2014-11 PURCHASE 2015-01   100 94     6  
    KRAFT FOODS GROUP 1940-04 PURCHASE 2015-01   102 93     9  
    KRAFT FOODS GROUP 2014-01 PURCHASE 2015-01   105 92     13  
    KRAFT FOODS 2013-10 PURCHASE 2015-01   10,918 9,187     1,731  
    AMEREN CORPORATION 2014-04 PURCHASE 2015-01   88 79     9  
    AMEREN CORPORATION 2014-07 PURCHASE 2015-01   89 79     10  
    AMEREN CORPORATION 2014-10 PURCHASE 2015-01   71 60     11  
    AMEREN CORPORATION 2014-11 PURCHASE 2015-01   4,577 4,264     313  
    AMEREN CORPORATION 2015-01 PURCHASE 2015-01   102 103     -1  
    AMEREN CORPORATION 2014-01 PURCHASE 2015-01   99 78     21  
    AMEREN CORPORATION 2013-10 PURCHASE 2015-01   100 77     23  
    AMEREN CORPORATION 2013-07 PURCHASE 2015-01   102 76     26  
    AMEREN CORPORATION 2013-04 PURCHASE 2015-01   57 43     14  
    AMEREN CORPORATION 2013-03 PURCHASE 2015-01   5,424 4,129     1,295  
    AMEREN CORPORATION 2013-03 PURCHASE 2015-01   7 5     2  
    PIMCO 2013-01 PURCHASE 2015-01   9,402 9,609     -207  
    PIMCO 2012-12 PURCHASE 2015-01   267 269     -2  
    PIMCO 2012-12 PURCHASE 2015-01   331 345     -14  
    PIMCO INCM INST CL 2014-11 PURCHASE 2015-01   6,039 6,217     -178  
    PIMCO INCM INST CL 2014-11 PURCHASE 2015-01   24,518 25,270     -752  
    PIMCO INCM INST CL 2014-10 PURCHASE 2015-01   431 445     -14  
    PIMCO INCM INST CL 2014-10 PURCHASE 2015-01   10,803 11,200     -397  
    PIMCO INCM INST CL 2014-09 PURCHASE 2015-01   402 414     -12  
    PIMCO INCM INST CL 2014-08 PURCHASE 2015-01   397 412     -15  
    PIMCO INCM INST CL 2014-07 PURCHASE 2015-01   398 410     -12  
    PIMCO INCM INST CL 2014-06 PURCHASE 2015-01   395 409     -14  
    PIMCO INCM INST CL 2014-05 PURCHASE 2015-01   394 407     -13  
    PIMCO INCM INST CL 2014-04 PURCHASE 2015-01   397 405     -8  
    PIMCO INCM INST CL 2014-03 PURCHASE 2015-01   397 403     -6  
    PIMCO INCM INST CL 2014-02 PURCHASE 2015-01   395 401     -6  
    PIMCO INCM INST CL 2014-01 PURCHASE 2015-01   397 400     -3  
    PIMCO 2013-12 PURCHASE 2015-01   12,814 12,800     14  
    PIMCO 2012-01 PURCHASE 2015-01   332 347     -15  
    PIMCO 2013-12 PURCHASE 2015-01   56 56        
    PIMCO 2013-12 PURCHASE 2015-01   9 9        
    PIMCO 2013-11 PURCHASE 2015-01   203 204     -1  
    PIMCO 2013-10 PURCHASE 2015-01   201 203     -2  
    PIMCO 2013-09 PURCHASE 2015-01   202 202        
    PIMCO 2013-08 PURCHASE 2015-01   204 201     3  
    PIMCO 2013-07 PURCHASE 2015-01   201 200     1  
    PIMCO 2013-04 PURCHASE 2015-01   343 356     -13  
    PIMCO 2013-03 PURCHASE 2015-01   340 347     -7  
    PIMCO 2013-03 PURCHASE 2015-01   8,200 8,400     -200  
    PIMCO 2013-02 PURCHASE 2015-01   283 289     -6  
    PIMCO 2013-02 PURCHASE 2015-01   23,315 23,800     -485  
    PIMCO 2013-01 PURCHASE 2015-01   162 166     -4  
    PIMCO 2013-01 PURCHASE 2015-01   1,626 1,655     -29  
    PIMCO 2013-01 PURCHASE 2015-01   878 900     -22  
    PIMCO 2013-01 PURCHASE 2015-01   773 793     -20  
    PIMCO 2012-12 PURCHASE 2015-01   269 271     -2  
    PIMCO 2013-12 PURCHASE 2015-01   211 210     1  
    PIMCO 2013-12 PURCHASE 2015-01   30,067 30,025     42  
    WEITZ SHORT INTERMEDIATE INCOME FD 2013-12 PURCHASE 2015-01   9,943 9,919     24  
    WEITZ SHORT INTERMEDIATE INCOME FD 2013-07 PURCHASE 2015-01   57 57        
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-02   11,000 11,017     -17  
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-02   15,000 15,097     -97  
    DOW CHEMICAL 2015-01 PURCHASE 2015-02   10,000 10,122     -122  
    DOUBLELINE TOTAL RETURN BD FD 2012-08 PURCHASE 2015-02   11,700 12,156     -456  
    DOUBLELINE TOTAL RETURN BD FD 2012-07 PURCHASE 2015-02   137 141     -4  
    DOUBLELINE TOTAL RETURN BD FD 2012-06 PURCHASE 2015-02   163 168     -5  
    PPL CORPORATION 2014-11 PURCHASE 2015-02   1,683 1,761     -78  
    PPL CORPORATION 2014-10 PURCHASE 2015-02   143 137     6  
    PPL CORPORATION 2014-07 PURCHASE 2015-02   135 135        
    PPL CORPORATION 2014-04 PURCHASE 2015-02   188 176     12  
    PPL 2013-10 PURCHASE 2015-02   192 170     22  
    PPL 2013-07 PURCHASE 2015-02   193 168     25  
    PPL 2013-04 PURCHASE 2015-02   183 166     17  
    PPL 2013-01 PURCHASE 2015-02   1,734 1,459     275  
    PPL 2013-01 PURCHASE 2015-02   170 143     27  
    PPL 2012-11 PURCHASE 2015-02   4,857 4,138     719  
    PPL 2012-10 PURCHASE 2015-02   109 91     18  
    PPL 2012-07 PURCHASE 2015-02   110 90     20  
    PPL 2012-04 PURCHASE 2015-02   109 89     20  
    PPL 2012-01 PURCHASE 2015-02   102 85     17  
    PPL 2011-10 PURCHASE 2015-02   130 101     29  
    PPL 2011-07 PURCHASE 2015-02   125 100     25  
    PPL 2011-04 PURCHASE 2015-02   2,949 2,286     663  
    PPL 2011-04 PURCHASE 2015-02   45 33     12  
    PPL 2011-03 PURCHASE 2015-02   1,214 902     312  
    PPL 2014-01 PURCHASE 2015-02   200 172     28  
    WEITZ SHORT INTERMEDIATE FD 2014-11 PURCHASE 2015-02   10,797 10,788     9  
    WEITZ SHORT INTERMEDIATE FD 2014-09 PURCHASE 2015-02   54 54        
    WEITZ SHORT INTERMEDIATE FD 2014-03 PURCHASE 2015-02   50 50        
    WEITZ SHORT INTERMEDIATE INCOME FD 2013-12 PURCHASE 2015-02   1,323 1,320     3  
    WEITZ SHORT INTERMEDIATE INCOME FD 2013-12 PURCHASE 2015-02   219 218     1  
    WEITZ SHORT INTERMEDIATE INCOME FD 2013-07 PURCHASE 2015-02   34 34        
    WEITZ SHORT INTERMEDIATE INCOME FD 2013-07 PURCHASE 2015-02   23 23        
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-02   12,000 12,093     -93  
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-02   15,000 15,110     -110  
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-03   11,000 11,128     -128  
    SPDR S&P 500 ETF IV 2015-02 PURCHASE 2015-03   131 125     6  
    SPDR S&P 500 ETF IV 2014-11 PURCHASE 2015-03   10,396 10,142     254  
    SPDR S&P 500 ETF IV 2014-10 PURCHASE 2015-03   12,475 12,102     373  
    WISDOM TREE LARGECAP 2015-03 PURCHASE 2015-03   2 2        
    WISDOM TREE LARGECAP 2015-02 PURCHASE 2015-03   25 24     1  
    WISDOM TREE LARGECAP 2014-12 PURCHASE 2015-03   70 72     -2  
    WISDOM TREE LARGECAP 2014-12 PURCHASE 2015-03   3 4     -1  
    WISDOM TREE LARGECAP 2014-12 PURCHASE 2015-03   51 52     -1  
    WISDOM TREE LARGECAP 2014-12 PURCHASE 2015-03   51 51        
    WISDOM TREE LARGECAP 2014-11 PURCHASE 2015-03   7,373 7,326     47  
    WISDOM TREE LARGECAP 2014-11 PURCHASE 2015-03   2,949 2,931     18  
    WISDOM TREE LARGECAP 2014-10 PURCHASE 2015-03   11,797 11,625     172  
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-03   11,000 11,138     -138  
    WEITZ SHORT INTERMEDIATE FD 2014-11 PURCHASE 2015-03   11,000 11,000        
    WEITZ SHORT INTERMEDIATE FD 2014-11 PURCHASE 2015-03   10,000 9,976     24  
    AT&T 2013-09 PURCHASE 2015-03   1,616 1,688     -72  
    AT&T 2013-08 PURCHASE 2015-03   149 159     -10  
    AT&T 2013-05 PURCHASE 2015-03   161 181     -20  
    AT&T 2013-02 PURCHASE 2015-03   6,524 6,853     -329  
    AT&T 2013-02 PURCHASE 2015-03   88 92     -4  
    AT&T 2012-12 PURCHASE 2015-03   2,342 2,389     -47  
    AT&T 2012-11 PURCHASE 2015-03   86 91     -5  
    AT&T 2012-08 PURCHASE 2015-03   127 142     -15  
    AT&T 2012-05 PURCHASE 2015-03   142 140     2  
    AT&T 2012-02 PURCHASE 2015-03   155 138     17  
    VERIZON 2013-02 PURCHASE 2015-03   93 83     10  
    VERIZON 2013-01 PURCHASE 2015-03   2,976 2,499     477  
    VERIZON 2012-12 PURCHASE 2015-03   2,728 2,429     299  
    VERIZON 2012-11 PURCHASE 2015-03   93 85     8  
    VERIZON 2012-08 PURCHASE 2015-03   136 124     12  
    VERIZON 2012-05 PURCHASE 2015-03   150 122     28  
    VERIZON 2012-02 PURCHASE 2015-03   158 120     38  
    VERIZON 2013-02 PURCHASE 2015-03   4,529 4,049     480  
    AT&T 2011-11 PURCHASE 2015-03   319 281     38  
    VERIZON 2011-11 PURCHASE 2015-03   2,033 1,533     500  
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-03   11,000 11,047     -47  
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-03   12,500 12,573     -73  
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-04   10,000 10,027     -27  
    VALCUUN MATERIALS 2007-12 PURCHASE 2015-04   5,686 5,053     633  
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-04   10,782 10,809     -27  
    METROPOLITAN WEST TOTAL RETURN BOND 2015-01 PURCHASE 2015-04   85 86     -1  
    METROPOLITAN WEST TOTAL RETURN BOND 2015-02 PURCHASE 2015-04   125 125        
    METROPOLITAN WEST TOTAL RETURN BOND 2015-02 PURCHASE 2015-04   62 62        
    DOUBLELINE TOTAL RETURN BD FD 2012-10 PURCHASE 2015-04   159 163     -4  
    DOUBLELINE TOTAL RETURN BD FD 2012-09 PURCHASE 2015-04   158 163     -5  
    DOUBLELINE TOTAL RETURN BD FD 2012-09 PURCHASE 2015-04   496 514     -18  
    DOUBLELINE TOTAL RETURN BD FD 2012-08 PURCHASE 2015-04   172 176     -4  
    DOUBLELINE TOTAL RETURN BD FD 2012-08 PURCHASE 2015-04   4,957 5,109     -152  
    DOUBLELINE TOTAL RETURN BD FD 2012-08 PURCHASE 2015-04   282 293     -11  
    DOUBLELINE TOTAL RETURN BD FD 2012-07 PURCHASE 2015-04   138 142     -4  
    DOUBLELINE TOTAL RETURN BD FD 2012-06 PURCHASE 2015-04   164 170     -6  
    DOUBLELINE TOTAL RETURN BD FD 2013-01 PURCHASE 2015-04   1,747 1,805     -58  
    DOUBLELINE TOTAL RETURN BD FD 2012-12 PURCHASE 2015-04   186 190     -4  
    DOUBLELINE TOTAL RETURN BD FD 2012-12 PURCHASE 2015-04   2,888 3,000     -112  
    DOUBLELINE TOTAL RETURN BD FD 2012-11 PURCHASE 2015-04   153 157     -4  
    AMEREN ENERGY GEN 2010-05 PURCHASE 2015-04   4,699 5,067     -368  
    DOUBLELINE TOTAL RETURN BD FD 2013-01 PURCHASE 2015-05   10,240 10,705     -465  
    DOUBLELINE TOTAL RETURN BD FD 2012-09 PURCHASE 2015-05   524 544     -20  
    DOUBLELINE TOTAL RETURN BD FD 2012-08 PURCHASE 2015-05   278 293     -15  
    DOUBLELINE TOTAL RETURN BD FD 2012-08 PURCHASE 2015-05   4 4        
    DOUBLELINE TOTAL RETURN BD FD 2012-07 PURCHASE 2015-05   137 142     -5  
    DOUBLELINE TOTAL RETURN BD FD 2012-06 PURCHASE 2015-05   162 169     -7  
    DOUBLELINE TOTAL RETURN BD FD 2013-01 PURCHASE 2015-05   155 161     -6  
    DOUBLELINE TOTAL RETURN BD FD 2014-08 PURCHASE 2015-05   7,683 7,782     -99  
    DOUBLELINE TOTAL RETURN BD FD 2014-07 PURCHASE 2015-05   148 148        
    DOUBLELINE TOTAL RETURN BD FD 2014-04 PURCHASE 2015-05   168 168        
    DOUBLELINE TOTAL RETURN BD FD 2014-03 PURCHASE 2015-05   166 165     1  
    DOUBLELINE TOTAL RETURN BD FD 2014-02 PURCHASE 2015-05   166 166        
    DOUBLELINE TOTAL RETURN BD FD 2014-01 PURCHASE 2015-05   175 176     -1  
    DOUBLELINE TOTAL RETURN BD FD 2013-12 PURCHASE 2015-05   199 196     3  
    DOUBLELINE TOTAL RETURN BD FD 2013-11 PURCHASE 2015-05   167 167        
    DOUBLELINE TOTAL RETURN BD FD 2013-10 PURCHASE 2015-05   182 182        
    DOUBLELINE TOTAL RETURN BD FD 2013-09 PURCHASE 2015-05   174 174        
    DOUBLELINE TOTAL RETURN BD FD 2013-08 PURCHASE 2015-05   164 163     1  
    DOUBLELINE TOTAL RETURN BD FD 2013-04 PURCHASE 2015-05   187 195     -8  
    DOUBLELINE TOTAL RETURN BD FD 2013-03 PURCHASE 2015-05   192 199     -7  
    DOUBLELINE TOTAL RETURN BD FD 2013-02 PURCHASE 2015-05   186 193     -7  
    DOUBLELINE TOTAL RETURN BD FD 2013-01 PURCHASE 2015-05   44 46     -2  
    MET LIFE 2014-11 PURCHASE 2015-05   3,633 3,626     7  
    MET LIFE INC PFD 2012-07 PURCHASE 2015-05   5,190 5,157     33  
    DOUBLELINE TOTAL RETURN BD FD 2014-09 PURCHASE 2015-06   5,159 5,188     -29  
    DOUBLELINE TOTAL RETURN BD FD 2014-08 PURCHASE 2015-06   189 191     -2  
    DOUBLELINE TOTAL RETURN BD FD 2014-08 PURCHASE 2015-06   4,178 4,243     -65  
    TALEN ENERGY CORP 2014-11 PURCHASE 2015-06   19 20     -1  
    DOUBLELINE TOTAL RETURN BD FD 2012-09 PURCHASE 2015-06   172 182     -10  
    DOUBLELINE TOTAL RETURN BD FD 2012-09 PURCHASE 2015-06   4 4        
    DOUBLELINE TOTAL RETURN BD FD 2012-07 PURCHASE 2015-06   136 143     -7  
    DOUBLELINE TOTAL RETURN BD FD 2012-06 PURCHASE 2015-06   162 170     -8  
    TALEN ENERGY CORP 2015-04 PURCHASE 2015-06   6 6        
    TALEN ENERGY CORP 2015-01 PURCHASE 2015-06   16 17     -1  
    TALEN ENERGY CORP 2014-11 PURCHASE 2015-06   546 594     -48  
    DOUBLELINE TOTAL RETURN BD FD 2014-10 PURCHASE 2015-06   3,374 3,435     -61  
    DOUBLELINE TOTAL RETURN BD FD 2014-09 PURCHASE 2015-06   6,451 6,522     -71  
    DOUBLELINE TOTAL RETURN BD FD 2014-09 PURCHASE 2015-06   175 177     -2  
    DOUBLELINE TOTAL RETURN BD FD 2014-11 PURCHASE 2015-06   3,630 3,667     -37  
    DOUBLELINE TOTAL RETURN BD FD 2014-10 PURCHASE 2015-06   261 264     -3  
    DOUBLELINE TOTAL RETURN BD FD 2014-10 PURCHASE 2015-06   11,109 11,290     -181  
    DOUBLELINE TOTAL RETURN BD FD 2014-11 PURCHASE 2015-07   9,655 9,735     -80  
    DOUBLELINE TOTAL RETURN BD FD 2012-08 PURCHASE 2015-07   136 142     -6  
    DOUBLELINE TOTAL RETURN BD FD 2012-07 PURCHASE 2015-07   162 170     -8  
    DOUBLELINE TOTAL RETURN BD FD 2012-10 PURCHASE 2015-07   48 51     -3  
    BLACK ROCK ENHCD APITL A 2015-02 PURCHASE 2015-07   4,983 5,066     -83  
    DOUBLELINE TOTAL RETURN BD FD 2014-11 PURCHASE 2015-07   11,000 11,099     -99  
    EXELON 2015-01 PURCHASE 2015-07   10,918 11,205     -287  
    GEN MOTORS FINL 2015-02 PURCHASE 2015-07   10,027 10,158     -131  
    RIDGEWORTH SEIX FLOAT HIGH INC 2015-03 PURCHASE 2015-07   6,500 6,537     -37  
    WEITZ SHORT INTERMEDIATE FD 2014-11 PURCHASE 2015-07   4,000 4,035     -35  
    NOBLE HLDG INTL 2014-11 PURCHASE 2015-07   15,348 15,548     -200  
    AT&T 2013-12 PURCHASE 2015-07   1,132 1,157     -25  
    AT&T 2013-11 PURCHASE 2015-07   198 208     -10  
    AT&T 2013-09 PURCHASE 2015-07   1,968 1,981     -13  
    COHEN & STEERS PREFERRED SEC 2014-04 PURCHASE 2015-07   3,758 3,755     3  
    COHEN & STEERS PREFERRED SEC 2014-03 PURCHASE 2015-07   132 130     2  
    COHEN & STEERS PREFERRED SEC 2014-02 PURCHASE 2015-07   141 137     4  
    COHEN & STEERS PREFERRED SEC 2014-02 PURCHASE 2015-07   9,469 9,244     225  
    PFIZER 2013-03 PURCHASE 2015-07   2,874 2,430     444  
    PIMCO 2013-01 PURCHASE 2015-07   460 470     -10  
    ONEOK INC 2010-09 PURCHASE 2015-07   9,725 10,010     -285  
    DUQUESNE LIGHT HL 2010-04 PURCHASE 2015-08   5,000 5,044     -44  
    FORD MOTOR CREDIT 2015-01 PURCHASE 2015-08   10,000 10,023     -23  
    JB HUNT TRANSP 2011-01 PURCHASE 2015-09   10,000 9,936     64  
    UBS E TRACS ALERIAN MLP 2015-01 PURCHASE 2015-09   1,992 2,764     -772  
    UBS E TRACS ALERIAN MLP 2015-07 PURCHASE 2015-09   2,592 3,276     -684  
    UBS E TRACS ALERIAN MLP 2015-07 PURCHASE 2015-09   20 26     -6  
    UBS E TRACS ALERIAN MLP 2015-07 PURCHASE 2015-09   213 268     -55  
    UBS E TRACS ALERIAN MLP 2015-04 PURCHASE 2015-09   179 266     -87  
    UBS E TRACS ALERIAN MLP 2015-01 PURCHASE 2015-09   177 266     -89  
    UBS E TRACS ALERIAN MLP 2015-01 PURCHASE 2015-09   12,671 19,151     -6,480  
    GENERAL ELECTRIC 2014-11 PURCHASE 2015-10   2,411 2,218     193  
    GENERAL ELECTRIC 2014-04 PURCHASE 2015-10   55 53     2  
    GENERAL ELECTRIC 2013-10 PURCHASE 2015-10   48 45     3  
    RIDGEWORTH SEIX FLOAT HIGH INC 2015-03 PURCHASE 2015-12   25,580 27,569     -1,989  
    GOLDMAN SACHS PFD SER B 2014-11 PURCHASE 2015-12   76 76        
    GOLDMAN SACHS PFD SER B 2014-01 PURCHASE 2015-12   6 6        
    GOLDMAN SACHS PFD SER B 2014-11 PURCHASE 2015-12   3,670 3,638     32  
    GOLDMAN SACHS PFD SER B 2012-07 PURCHASE 2015-12   5,315 5,351     -36  
    WELLS FARGO PFD SER J 2014-11 PURCHASE 2015-12   2,743 2,923     -180  
    WELLS FARGO PFD SER J 2014-11 PURCHASE 2015-12   823 877     -54  
    WELLS FARGO PFD SER J 2012-01 PURCHASE 2015-12   4,663 4,971     -308  

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    JAMES K ADAMS & ARLENE L ADAMS
     
    FOUNDATION
    EIN:
    25-1665127
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERENENERGY GEN 6.3% DUE 04/01/20    
    ATT INC 5.5% DUE 2/1/18 27,927 26,730
    ATT INC 2.375% DUE 11/27/18 10,106 10,078
    ADVANCE AUTO PA 5.75% DUE 5/1/20 11,277 10,903
    AUTODESK INC 3.125% DUE 6/15/20 10,128 9,929
    AUTONATION INC 5.5% DUE 2/1/20 10,941 10,835
    BANK OF AMERICA 5.1% DUE 2/15/18 10,927 10,577
    BB&T 2.45% DUE 1/15/20 10,105 10,039
    BECTON DICKINSO 2.675% DUE 12/15/19 10,071 10,058
    CA INC 5.375% DUE 12/01/19 10,934 10,831
    COOPER US INC 3.875% DUE 12/15/20 10,719 10,372
    CRANE COMPANY 4.45% DUE 12/15/23 10,550 10,303
    DIRECT TV HOLDING 5% DUE 3/01/21 11,086 10,795
    DUQUESNE LIGHT 5.5% DUE 8/15/15    
    EBAY INC 3.25% DUE 10/15/20 10,280 10,106
    ECOLAB INC 4.35% DUE 12/08/21 11,159 10,650
    FIDELITY NATL INFO 2% DUE 4/15/18 9,905 9,835
    GOLDMAN SACHS 2.625% DUE 1/31/19 10,206 10,081
    HEALTH CARE 3.625% DUE 3/15/16    
    INGERSOLL RAND 3.55% DUE 11/01/24 10,295 9,769
    JB HUNT TRANS 3..75% DUE 9/15/15    
    JOHNSON CONTROLS 3.75% DUE 12/01/21 10,519 10,048
    JP MORGAN CHASE 3.45% DUE 3/01/16 10,107 10,040
    JUNIPER NETWORKS 4.5% DUE 3/15/24 10,399 9,959
    KRAFT 6.125% DUE 8/23/18 11,371 11,008
    MORGAN STANLEY 4% DUE 9/17/18 10,597 10,339
    MOTOROLA SOLUTION 3.5% DUE 9/1/21 10,186 9,344
    NOBLE HLDG INTL 4.9 DUE 8/1/20    
    ONEOK INC NEW 6.5% DUE 09/30/28    
    RR DONNELLEY SO 6.125% DUE 1/15/17 5,081 5,131
    SCRIPPS NTWK INT 2.75% DUE 11/15/19 10,179 9,842
    TEVA PHARM FIN 3.65% DUE 11/10/21 10,410 10,116
    TIME WARNER CAB 4.125% DUE 2/15/21 10,070 10,291
    VODAFONE GROUP 2.95% DUE 2/19/23 9,940 9,480
    VULCAN MATERIALS 6.4% DUE 11/30/17    
    WALGREENS BOOTS 3.3% DUE 11/18/21 10,042 9,796
    WELL TOWER INC 3.625% DUE 3/15/16 9,841 10,042
    WYNDHAM WORLD 6% DUE 12/1/16 4,973 5,192

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    JAMES K ADAMS & ARLENE L ADAMS
     
    FOUNDATION
    EIN:
    25-1665127
    Name of Stock End of Year Book Value End of Year Fair Market Value
    461.351 AT& T INC 16,046 15,875
    873.3027 AT & T INC NEW    
    156.6725 AMER ELECTRIC PWR CO INC 9,163 9,129
    150.6278 AMER ELECTRIC PWR CO INC    
    251.9114 SH AMEREN CORPORATION    
    2794.0829 BLACKROCK EN CAP & INC 41,944 39,508
    350.6242 SH GENERAL ELECTRIC 9,024 10,922
    425.669 SH GENERAL ELECTRIC    
    358.2309 GOLDMAN SACHS 6.2 PFD    
    315 GOLDMAN SACHS 5.5 PFD 7,849 8,155
    107.4746 JOHNSON AND JOHNSON    
    105.5784 JOHNSON AND JOHNSON 11,317 10,845
    115 MC DONALDS CORP 13,504 13,586
    306.6605 SH KRAFT FOODS    
    342.931 MERCK & CO INC NEW 17,826 18,114
    332.264 MERCK & CO INC NEW    
    340 MET LIFE INC B PFD    
    374.3586 PFIZER INCORPORATED 11,267 12,084
    367.7671 PFIZER INCORPORATED    
    262.3615 SH PPL CORPORATION 8,848 8,954
    666.4866 SH PPL CORPORATION    
    295 US BANCORP 6% PFD 7,884 7,912
    373.9972 VERIZON COMMUNICATIONS 18,571 17,286
    614.2286 VERIZON COMMUNICATIONS    
    300 WELLS FARGO PFD    

    TY 2015 InvestmentsOtherSchedule2
    Name:
    JAMES K ADAMS & ARLENE L ADAMS
     
    FOUNDATION
    EIN:
    25-1665127
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    5194.244 COHEN & STEERS      
    4481.762 COHEN & STEERS   61,082 60,952
    7329.969 DOUBLELINE TOTAL RETURN   80,431 79,017
    16161.216 DOUBLELINE TOTAL RETURN      
    S P D R S&P 500 EFT TR      
    S P D R S&P 500 EFT TR      
    1789.852 CALVERT ULTRA SHORT      
    3655.67 DOUBLELINE TOTAL RETURN      
    1479.817 SH CONV SECURITIES      
    4656 WIETZ SHORT INTERMEDIATE      
    5356.377 WIETZ SHORT INTERMEDIATE      
    4651.6520 PIMCO INCM INST CL   58,189 54,564
    14166.189 PIMCO INCM INST CL      
    2344.751 RIDGEWORTH SEIX FLOAT   20,839 19,368
    2237.859 WEITZ SHORT INTERMEDIATE   27,893 27,302
    301.6354 WISDOM TREE LARGECAP DIV      

    TY 2015 LegalFeesSchedule
    Name:
    JAMES K ADAMS & ARLENE L ADAMS
     
    FOUNDATION
    EIN:
    25-1665127
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES FO RADCLIFF LAW OFFIC 2,500 2,500    


    TY 2015 OtherIncreasesSchedule
    Name:
    JAMES K ADAMS & ARLENE L ADAMS
     
    FOUNDATION
    EIN:
    25-1665127
    Description Amount
    REPAYMENT SCHOLARSHIP LOANS 4,350


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    JAMES K ADAMS & ARLENE L ADAMS
     
    FOUNDATION
    EIN:
    25-1665127
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FIN ADVISOR FEES TO ROOF ADVISOR 9,221 9,221    


    TY 2015 TaxesSchedule
    Name:
    JAMES K ADAMS & ARLENE L ADAMS
     
    FOUNDATION
    EIN:
    25-1665127
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INCOME TAXES 267 267