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
TRANSFORMATION TRUST INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 80007
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
INDIANAPOLIS, IN46280

A Employer identification number

35-2024586

B Telephone number (see instructions)

(317) 580-2002

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

$28,894,645J 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)	0
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	556,110		556,110
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		122,007
b	Gross sales price for all assets on line 6a 2,593,433
7	Capital gain net income (from Part IV, line 2)...			122,007
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).......		2,186	2,186
12	Total. Add lines 1 through 11........	680,303		680,303
13	Compensation of officers, directors, trustees, etc.	97,000		0	97,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		29,056	0	0
c	Other professional fees (attach schedule)....		134,402	132,353	0
17	Interest...............	939		939	0
18	Taxes (attach schedule) (see instructions)...		10,560	3,076	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		60	60	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	272,017		136,428	97,000
25	Contributions, gifts, grants paid.......	1,475,245			1,475,245
26	Total expenses and disbursements. Add lines 24 and 25	1,747,262		136,428	1,572,245
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,066,959
b	Net investment income (if negative, enter -0-)			543,875
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.............	92,329	114,073	114,073
	2	Savings and temporary cash investments.........	2,059,734	2,294,703	2,294,703
	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)	1,084,994	1,083,613	1,112,021
	b	Investments—corporate stock (attach schedule).......	24,906,751	24,172,795	24,884,720
	c	Investments—corporate bonds (attach schedule).......	133,281	133,340	115,820
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,042,410	471,542	373,308
	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)	29,319,499	28,270,066	28,894,645
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	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........	0	0
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	29,319,499	28,270,066
	30	Total net assets or fund balances (see instructions).....	29,319,499	28,270,066
	31	Total liabilities and net assets/fund balances (see instructions).	29,319,499	28,270,066

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

29,319,499

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

-1,066,959

Other increases not included in line 2 (itemize) bullet

20,884

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

28,273,424

Decreases not included in line 2 (itemize) bullet

3,358

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

28,270,066

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	VARIOUS INVESTMENTS	P	2014-12-31	2015-12-31
b	VARIOUS INVESTMENTS	P	2015-12-31	2015-07-01
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	37,397	42,418	-5,021
b	2,088,923	2,429,008	-340,085
c	467,113		467,113
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			-5,021
b			-340,085
c			467,113
d
e

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	122,007
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	1,315,011	31,883,525	0.041244
2013	1,509,939	32,057,403	0.047101
2012	1,607,515	32,591,249	0.049324
2011	1,614,262	31,006,932	0.052061
2010	657,000	25,215,172	0.026056

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

20.215786

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 . . .

0.043157

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

30,193,179

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

1,303,047

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

5,439

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

1,308,486

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

1,572,245

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	5,439
	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	5,439
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	5,439
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	28,523
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	24,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	52,523
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	47,084
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax47,084	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

TRANSFORMATION TRUST Telephone no. bullet

(317) 580-2002

Located at bullet

PO BOX 80007INDIANAPOLISIN ZIP+4 bullet

46280

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-)
SHEILA KLINK	BOARD MEMBER 20.00	75,000
PO BOX 80007 INDIANAPOLIS,IN46280	BOARD MEMBER 20.00	75,000
ELIZABETH HAMILTON	BOARD MEMBER 10.00	22,000
PO BOX 80007 INDIANAPOLIS,IN46280	BOARD MEMBER 10.00	22,000
PATSY HEARD	BOARD MEMBER 1.00	0
PO BOX 80007 INDIANAPOLIS,IN46280	BOARD MEMBER 1.00	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
OXFORD FINANCIAL GROUP	INVESTMENT ADVISORY	112,385
11711 N MERIDIAN STREET CARMEL,IN46032	INVESTMENT ADVISORY	112,385

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

30,501,901

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

151,073

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

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

30,652,974

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

30,652,974

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

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

459,795

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

30,193,179

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

1,509,659

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

1,509,659

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

5,439

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

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

5,439

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

1,504,220

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

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

1,504,220

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

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

1,504,220

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 ..........

1,572,245

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

1,572,245

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

5,439

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

1,566,806

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				1,504,220
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......			1,348,580
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........	0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 1,572,245
a Applied to 2014, but not more than line 2a			1,348,580
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.....				223,665
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2015.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........				1,280,555
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....

Form 990-PF (2015)

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2015)

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
BIG BROTHERS BIG SISTERS 2960 N MERIDIAN STREET SUITE 150 INDIANAPOLIS,IN46208	N/A	PC	ADULT-TO-YOUTH MENTORING PROGRAM	25,000
BRIDGES OF UNDERSTANDING FOUNDATION PO BOX 2232 RADIO CITY STATION NEW YORK,NY101012232	N/A	PC	GENERAL OPERATIONS	100,000
DRESS FOR SUCCESS INDIANAPOLIS INC 820 N MERIDIAN STREET INDIANAPOLIS,IN46204	N/A	PC	GENERAL OPERATIONS	25,000
FROM THE HEART PRODUCTIONS INC 1455 MANDALAY BEACH RD OXNARD,CA930352845	N/A	PC	SAND15 WEBSITE AND MEDIA PRODUCTION	54,000
FROM THE HEART PRODUCTIONS INC 1455 MANDALAY BEACH RD OXNARD,CA930352845	N/A	PC	PICTURES OF INFINITY	30,000
GIRLS INCORPORATED OF INDIANAPOLIS INC 3935 NORTH MERIDIAN STREET INDIANAPOLIS,IN46208	N/A	PC	GENERAL OPERATIONS	25,000
GIVE BACK YOGA FOUNDATION 900 BASELINE ROAD 13B BOULDER,CO80302	N/A	PC	Y12SR URBAN OUTREACH PROJECT	25,000
HERITAGE PLACE OF INDIANAPOLIS INC 4550 NORTH ILLINOIS STREET INDIANAPOLIS,IN462083573	N/A	PC	GENERAL OPERATIONS	25,000
INDIANA SYMPHONY SOCIETY INC 32 EAST WASHINGTON ST STE 600 INDIANAPOLIS,IN46204	N/A	PC	METROPOLITAN YOUTH ORCHESTRA	150,000
INDIANAPOLIS ART CENTER INC 820 E 67TH STREET INDIANAPOLIS,IN46220	N/A	PC	SMART - SUPPORTIVE MENTORING THROUGH ART	20,000
INSTITUTE OF HEARTMATH 14700 WEST PARK AVE BOULDER CREEK,CA95006	N/A	PC	GLOBAL COHERENCE APP	195,000
INSTITUTE OF HEARTMATH 14700 WEST PARK AVE BOULDER CREEK,CA95006	N/A	PC	SMART BRAIN WISE HEART PROGRAM DEVELOPMENT, IMPLEMENTATION AND ASSESSMENT	53,500
INSTITUTE OF HEARTMATH 14700 WEST PARK AVE BOULDER CREEK,CA95006	N/A	PC	EARLY HEARTSMARTS AND HEARTSMARTS DIGITAL LEARNING PROGRAMS	58,045
INSTITUTE OF HEARTMATH 14700 WEST PARK AVE BOULDER CREEK,CA95006	N/A	PC	EARLY HEARTSMARTS AND HEARTSMARTS	105,000
INSTITUTE OF HEARTMATH 14700 WEST PARK AVE BOULDER CREEK,CA95006	N/A	PC	SMART BRAIN WISE HEART PROGRAM DEVELOPMENT, IMPLEMENTATION AND ASSESSMENT	95,000
INSTITUTE OF HEARTMATH 14700 WEST PARK AVENUE BOULDER CREEK,CA95006	N/A	PC	GENERAL OPERATIONS FOR PREVIOUSLY FUNDED PROJECT BY TRANS. TRUST	25,000
INSTITUTE OF HEARTMATH 14700 WEST PARK AVENUE BOULDER CREEK,CA95006	N/A	PC	INVESTIGATING THE DYNAMIC INTERCONNECTIVITY BETWEEN HUMANITY AND EARTH'S ENERGETIC SYSTEMS	11,900
INSTITUTE OF HEARTMATH 14700 WEST PARK AVENUE BOULDER CREEK,CA95006	N/A	PC	INVESTIGATING THE DYNAMIC INTERCONNECTIVITY BETWEEN HUMANITY AND EARTH'S ENERGETIC SYSTEMS DIGITAL LEARNING PROGRAMS	133,500
P S ARTS 1728 ABBOT KINNEY BLVD 101 VENICE,CA90291	N/A	PC	INSIDE OUT COMMUNITY ARTS PROGRAM	50,000
PLANNED PARENTHOOD 200 SOUTH MERIDIAN STREET SUITE 400 INDIANAPOLIS,IN46225	N/A	PC	WOMEN'S HEALTH FUND AND THE SARA AND ALBERT PARTNERS IN HEALTH EDUCATION (SARPHE)	100,000
POSITIVE ACTION COMMUNITY THEATRE (PACT) 2061 VILLAGE PARK WAY 227 ENCINITAS,CA92024	N/A	PC	COUNTRY SCHOOL THEATRE PROGRAM	5,000
RED ALERT ROBOTICS PARENT ORGANIZATION 704 S SR 135 D-236 GREENWOOD,IN46143	N/A	PC	GENERAL OPERATIONS	5,000
SIERRA HARVEST 313 RAILROAD AVE SUITE 201 NEVADA CITY,CA95959	N/A	PC	SIERRA HARVEST NEW PROGRAM LAUNCHES	159,300
Total ................................. 3a				1,475,245

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 ...........
4 Dividends and interest from securities....			14	556,110
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.....	523000	559	14	1,627
8 Gain or (loss) from sales of assets other than inventory ............			18	122,007
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)..		559		679,744	0

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

13680,303

(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

- TIN:

TY 2015 AccountingFeesSchedule

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	29,056	0		0

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

Name of Bond	End of Year Book Value	End of Year Fair Market Value
LOOMIS SAYLES BOND INSTL (LSBDX )	100,024	88,583
WILLIAMS COS INC (WMB )	31,605	25,417
SEARS HLDGS CORP SR NT	1,711	1,820

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABERDEEN ASIA BOND INSTL CLASS	0	0
ALPHABET INC CAP STK CL C (GOOG)	2,355	6,071
ALPHABET INC CAP STK CL A (GOOGL)	2,362	6,224
ASSOCIATED CAP GROUP INC CL A (AC)	2,987	2,471
AUTONATION INC (AN)	9,201	27,026
BOLLORE SA ISIN #FR0000039299	29,899	33,375
BOSTON PARTNERS LONG SHORT RESEARCH INSTL (BPIRX)	540,000	570,522
BROOKFIELD ASSET MANAGEMENT INC LTD VTG SHS NPV CL A (BAM)	5,015	7,473
BROOKFIELD RESIDENTIAL PPTYS INC COM USD0.01 (BRP )	0	0
CALLOWAY REAL ESTATE INVT TR TR UNIT NEW (CWYUF)	0	0
CBOE HOLDINGS INC COM USD0.01 (CBOE)	4,493	12,980
CBS CORP NEW CL B	0	0
CGM FOCUS (CGMFX )	212,383	173,093
CLARKSON ORD GBP0.25 ISIN (CKNHF)	16,561	12,641
COHEN & STEERS GL INFRASTRUCTURE (CSUIX)	499,603	651,332
COLFAX CORP COM (CFX)	22,931	16,742
COLUMBIA ACORN CLASS Z (ACRNX )	140,648	98,148
CONTINENTAL RES INC OKLA COM	0	0
CRIMSON WINE GROUP (CWGL)	1,660	1,232
DISCOVERY COMMUNICATIONS INC (DISCK)	0	0
DISCOVERY COMMUNICATIONS INC (DISCA)	0	0
DISH NETWORK CORP (DISH)	14,573	29,105
DREAM UNLIMITED CORP COM CL A SUB VTG (DRUNF)	46,360	20,055
DREAMWORKS ANIMATION SKG INC CL A (DWA)	42,934	57,751
DUNDEE CORPORATION A SUB	58,497	7,829
DODGE & COX INCOME	6,755,092	6,470,559
EATON VANCE GLOBAL MACRO ABSLTE RT	0	0
EBAY INC (EBAY)	3,330	4,040
ECHOSTAR CORP CL A (SATS)	5,370	5,475
EQUITY LIFESTYLE PPTYS INC COM	0	0
EV PARAMETRIC TAX MG (EITEX)	0	0
FAIRFAX FINL HLDGS LTD SUB VTG (FRFHF)	7,813	7,566
FAMILY DOLLAR STORES INC (FDO )	0	0
FIDELITY INSTL TREAS ONLY PORT CL I	4	4
FIDELITY TREASURY ONLY MONEY MARKET FD	5,566	5,566
FIDELITY INSTL MMKT PORT CL I	917,063	917,063
FOREST CITY ENTERPRISES CL A (FCEA )	0	0
FRANCO NEVADA CORP COM (FNV)	8,571	7,137
GAMCO INVESTORS INC COM (GBL)	3,140	2,514
GENERAL GROWTH PPTYS INC NEW COM (GGP)	0	0
GLENCORE INTL PLC ORD (GLCNF)	0	0
GOOGLE INC CL A	0	0
GOOGLE INC CL C	0	0
GREEN BRICK PARTNERS INC	0	0
GREENLIGHT CAPITAL RE LTD COM STK	0	0
HARTFORD WORLD BOND FUND CL Y	614,050	575,850
HEICO CORP NEW CL A ISIN (HEIA)	8,627	9,151
HELLENIC EXCHANGES S.A. HOLDING EUR0.79(CR) (HEHSF )	0	0
HOWARD HUGHES CORP COM (HHC)	45,079	118,139
IAC/INTERACTIVECRP COM (IACI)	0	0
ICAHN ENTERPRISES LP DESPOSTITARY UNIT (IEP )	28,578	32,979
ISHARES TR RUSSELL 1000 VALUE INDEX FD (IWD)	253,763	403,085
IVA WORLDWIDE FUND CL I (IVWIX )	2,343,944	2,498,588
JARDEN CORP COM (JAH )	13,272	54,607
JENSEN PORTFOLIO CLASS I (JENIX )	575,096	1,151,946
JOURNAL MEDIA GROUP INC COM (JMG)	177	3,498
JPMORGAN CHASE & CO ALERIAN MLP INDEX	966,016	773,876
JPMORGAN CORE BOND SELECT SHARES (WOBDX)	5,354,500	5,453,720
L BRANDS INC COM (LB)	14,620	32,483
LENNAR CORP CL A (LEN)	0	0
LEUCADIA NATL CORP (LUK )	0	0
LIBERTY BROADBAND CORP COM CL A (LBRDA)	4,360	13,067
LIBERY BROADBAND CORP COM SER C (LBRDK)	14,842	34,228
LIBERTY INTERACTIVE CORP INTERACTIVE COM SERA (LINTA )	0	0
LIBERTY INTERACTIVE CORP LIBERTY VENTURES COM USD0.01 CL A (LVNTA )	5,989	25,668
LIBERTY MEDIA CORP NEW LIBERTY CAP COM (LMCA)	13,274	39,839
LIBERTY MEDIA CORP DELAWARE COM SER C	25,353	77,302
LIBERTY TRIPADVISOR HLDGS INC COM SER A	0	0
LIMITED BRANDS INC	0	0
LANDS END INC COM USD0.01 (LE)	0	0
LENNAR CORP CL A (LEN)	0	0
MADISON SQUARE GARDEN CO NEW CL A (MSG)	6,510	7,605
MARKET VECTORS ETF TR GAMING ETF (BJK )	0	0
MATTHEWS ASIAN GROWTH & INCOME FUND (MACSX)	88,000	88,276
MCEWEN MINING INC COM USD0.10 (MUX )	0	889
MERIDIAN GROWTH FUND (MERDX )	133,616	110,115
MSG NETWORK INC CL A (MSGN)	2,296	2,933
ONEX CORP SUB VTG ISIN (ONEXF)	42,764	61,916
ORCHARD SUPPLY HARDWARE STORES CORP COM USD0.001 CL A (OSH )	0	0
ORCHARD SUPPLY HARDWARE STORES CORP PFD SERA (OSHSP )	0	0
OSAKA SECURITIES EXCHANGE CO LTD	0	0
PAR PACIFIC HOLDINGS INC COM NEW (PARR)	19,401	23,352
PARAMETRIC TAX MGD EMERGING MKTS INST (EITEX)	0	0
PAX WORLD BALANCED INDIVIDUAL INV (PAXWX)	1,344,878	1,407,482
PAX WORLD GLOBAL GREEN FUND (PGINX)	974,878	1,224,698
PAYPAL HLDGS INC COM (PYPL)	4,716	5,321
PIMCO EMERGING LOCAL BOND FD INST CL (PELBX)	0	0
PIMCO SHORT TERM INSTITUTIONAL (PTSHX)	0	0
PIMCO TOTAL RETURN INSTL (PTTRX )	0	0
PLATFORM SPECIALTY PRODS CORP COM (PAH)	33,416	19,797
RESTAURANT BRANDS INTL LTD PARTNERS	61	112
RESTAURANT BRANDS INTERNATIONAL INC	0	0
ROUSE PROPERTIES INC COM USD0.01 (RSE )	0	0
RS GLOBAL NATURAL RESOURCES FUND CL Y (RSNYX)	718,500	287,245
SCRIPPS E W CO OHIO CL A NEW (SSP )	1,940	22,135
SEARS CANADA INC COM NPV (SRSC )	1,818	807
SEARS HLDGS CORP (SHLD )	0	0
SEARS HOMETOWN & OUTLET STORES INC COM (SHOS )	0	640
SUNTRUST BK ATLANTA GA	0	0
SILVER WHEATON CORP COM	25,209	20,145
STARZ COM SER A ISIN	5,071	26,733
TEXAS PACIFIC LAND TRUST SUB SHARE CERTIFICATES (TPL )	41,468	44,906
TIME INC NEW COM ISIN (TIME)	241	564
TIME WARNER INC NEWCOM NEW (TWX)	5,858	19,078
TOURMALINE OIL CORP COM NPV	0	0
TRI POINTE HOMES INC COM	0	0
TRIBUNE MEDIA CO CL A	0	0
TWEEDY BROWNE GLOBAL VALUE FUND	409,250	371,955
URBANA CORP COM CL A NON-VTG	11,985	6,070
VANGUARD 500 INDEX ADMIRAL	600,000	594,762
VIACOM INC NEW CL B (VIAB)	16,521	15,065
VIASAT INC (VSAT )	0	0
WENDYS COMPANY (THE) COM USD0.10 (WEN )	19,706	46,333
WHITEBOX TACTICAL OPPORTUNITIES INSTL	0	0
WPX ENERGY INC COM USD1 (WPX )	4,082	1,418
WYNN RESORTS LTD (WYNN )	20,659	22,348
ASCENT CAP GROUP INC (ASCMA)	0	0
BURGER KING WORLDWIDE INC	0	0
E.I.I GLOBAL PROPERT (EIIGX)	0	0
FREEPORT MCMORAN COPPER & GOLD INC (FCSX)	0	0
SUSSER HOLDGS CORP (SUSS)	0	0

- TIN:

TY 2015 InvestmentsGovtObligationsSch

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

US Government Securities - End of Year Book Value:

1,083,613

US Government Securities - End of Year Fair Market Value:

1,112,021

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

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BROOKFIELD PPTY PARTNERS L P (BPY)	FMV	393	418
OAKTREE CAP GROUP LLC UNITS CL A	AT COST	27,503	23,096
ROBECO BOSTON PRTNS (BPIRX)	FMV	0	0
ALDARRA (HELD VIA FIDELITY)	FMV	0	0
BLACKSTONE GROUP L P COM UNIT REPSTG LTD PARTNERSHIP INT (BX )	FMV	0	0
BROOKFIELD PARTNERS (HELD BY FIDELITY)	AT COST	0	0
CAMBRIDGE VENTURES	FMV	142,736	159,495
FUTURE SELECT	FMV	250,000	133,864
GENERAL GROWTH PPTYS INC NEW COM (GGP)	AT COST	0	0
ICAHN ENTERPRISES	FMV	14,059	11,298
KKR AND CO (HELD BY FIDELITY)	FMV	0	0
LIBERTY BROADBANK CORP PUR COM SER C	AT COST	0	0
MERRIWELL	FMV	19,394	25,251
OAKTREE CAPITAL GROUP LLC - HELD IN FIDELITY	FMV	0	0
ROUSE PPTYS INC COM (RSE)	AT COST	17,109	19,117
SEARS HLDGS CORP WTX EXP 12/15/2019 (SHLDW)	AT COST	348	769

- TIN:

TY 2015 OtherDecreasesSchedule

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

Description	Amount
NONDEDUCTIBLE PASSIVE LOSSES	3,358

- TIN:

TY 2015 OtherExpensesSchedule

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BANK FEES	60	60		0

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME FROM K1S	1,627	1,627	1,627
OTHER INCOME FROM K1S	559	559	559

- TIN:

TY 2015 OtherIncreasesSchedule

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

Description	Amount
COST BASIS ADJUSTMENT	20,884

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	132,353	132,353		0
OTHER CONTRACT SERVICES	2,049	0		0

- TIN:

TY 2015 TaxesSchedule

Name:

TRANSFORMATION TRUST INC

EIN:

35-2024586

Category	Amount	Net Investment Income
FOREIGN TAXES ON INVESTMENTS	3,076	3,076
EXCISE TAXES	63	0
PAYROLL TAXES	7,421	0