Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
The Schooner Foundation
c/o Schooner Capital LLC
Number and street (or P.O. box number if mail is not delivered to street address)60 South Street Suite 1120
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02111
A Employer identification number

04-3347626
B Telephone number (see instructions)

(617) 963-5200
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$118,364,285J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 14,314 14,314  
4 Dividends and interest from securities... 5,901,184 5,901,184  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 586,563
b Gross sales price for all assets on line 6a 13,634,117
7 Capital gain net income (from Part IV, line 2)... 586,563
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 13,707 13,707  
12 Total. Add lines 1 through 11........ 6,515,768 6,515,768  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 86,154 0   69,664
14 Other employee salaries and wages...... 3,000 0   2,250
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 75,424 0   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 233,264 0   116,632
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 165,944 30,558   5,737
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 60,772 0   40,048
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 233,530 200,597   16,224
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 858,088 231,155   250,555
25 Contributions, gifts, grants paid....... 7,656,048 7,656,048
26 Total expenses and disbursements. Add lines 24 and 25 8,514,136 231,155   7,906,603
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,998,368
b Net investment income (if negative, enter -0-) 6,284,613
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.............      
2 Savings and temporary cash investments......... 5,379,807 10,858,531 10,858,531
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)....... 130,344,532 Click to see attachment91,065,852 91,065,852
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 23,840,045 Click to see attachment11,790,104 11,790,104
14 Land, buildings, and equipment: basis bullet5,996
Less: accumulated depreciation (attach schedule) bullet5,996      
15 Other assets (describe bullet) Click to see attachment4,461 Click to see attachment4,649,798 Click to see attachment4,649,798
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 159,568,845 118,364,285 118,364,285
Liabilities 17 Accounts payable and accrued expenses.......... 10,576 21,373
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment271,160 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 281,736 21,373
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 159,287,109 118,342,912
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 159,287,109 118,342,912
31 Total liabilities and net assets/fund balances (see instructions). 159,568,845 118,364,285
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
159,287,109
2
Enter amount from Part I, line 27a .....................
2
-1,998,368
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,436,448
4
Add lines 1, 2, and 3 ..........................
4
158,725,189
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
40,382,277
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
118,342,912
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a K-1 Tropico Value Fund Ltd P    
b K-1 Tropico Value Fund Ltd P    
c K-1 King Street Capital LP P    
d Counterpoint Asian Macro Fund P    
e Jintian Parmaceutical P    
King Street Capital Management P    
Malabar India Fund P    
Tropico Value Fund (Obre Brazil Fund) P    
Toccata Capital Fund P    
IRM - Distributions in Excess of Basis P    
King Street Capital Management P    
(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     98,094 -98,094
b     300,401 -300,401
c 147     147
d 6,904,756   6,837,132 67,624
e 773,078   776,388 -3,310
35,744     35,744
3,501,101   2,216,852 1,284,249
491,266   492,879 -1,613
1,231,656   1,367,426 -135,770
696,369     696,369
    958,382 -958,382
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       -98,094
b       -300,401
c       147
d       67,624
e       -3,310
      35,744
      1,284,249
      -1,613
      -135,770
      696,369
      -958,382
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 2 586,563
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 6,188,735 60,748,459 0.101875
2013 3,844,007 27,409,434 0.140244
2012 3,598,225 25,010,388 0.143869
2011 3,028,907 28,944,088 0.104647
2010 3,989,586 31,680,062 0.125934
2
Total of line 1, column (d) .....................
20.616569
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.123314
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
137,347,910
5
Multiply line 4 by line 3......................
5
16,936,920
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
62,846
7
Add lines 5 and 6........................
7
16,999,766
8
Enter qualifying distributions from Part XII, line 4.............
8
8,478,603
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 1 125,692
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 125,692
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- ..... 5 125,692
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 231,049
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.............. 7 231,049
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 105,357
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet105,357 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletS Maiocco Treasurer Telephone no.bullet (617) 963-5200

    Located atbullet60 South Street Suite 1120BostonMA ZIP+4bullet02111
    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?
    16Yes  
    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 bulletMP
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........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). Click to see attachment
    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
    Vincent J Ryan Trustee
    5.00     		0 0 0
    10703 Charleston Drive
    Vero Beach,FL32963
    Carla E Meyer Trustee
    1.00     		0 0 0
    10703 Charleston Drive
    Vero Beach,FL32963
    Jennifer Ryan Trustee
    1.00     		0 0 0
    PO Box 2042
    Ashland,NH03217
    Cynthia A Ryan Trustee/Director
    40.00     		92,885 0 0
    PO Box 1708 c/o Tonneson Company
    Wakefield,MA01880
    Kimberly R Dano Trustee
    1.00     		0 0 0
    2611 Oakland Avenue
    Nashville,TN37212
    Stephanie R Ditenhafer Trustee
    1.00     		0 0 0
    2504 Oakland Avenue
    Nashville,TN37212
    Stephen D Maiocco Treasurer
    2.00     		0 0 0
    23 Gerloff Road
    Falmouth,MA02540
    Nicholas L Ryan Trustee
    1.00     		0 0 0
    15 Shepard Street
    Cambridge,MA02138
    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 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
    Lars Lindkvist Consulting 101,498
    House Arboretum View
    Nairobi    
    KE
    Charles Mugoya Consulting 59,598
    Plot 145 Muyenga Bukasa Rd PO Box
    29130
    Kampala    
    UG
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 Ocean Research and Conservation: A debt program related investment to support the efforts of ocean conservation 500,000
    2 Mugoya Farm Estates Limited: A debt program related investment to support sustainable agriculture, training and finance assets including technical equipment to be used to develop the farm. 49,500
    All other program-related investments. See instructions.
    3 Click to see attachment 22,500
    Total. Add lines 1 through 3.........................bullet572,000
    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
    131,665,114
    b
    Average of monthly cash balances.......................
    1b
    7,774,389
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    139,439,503
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    139,439,503
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,091,593
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    137,347,910
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,867,396
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    6,867,396
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    125,692
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    125,692
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,741,704
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    500,000
    5
    Add lines 3 and 4............................
    5
    7,241,704
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    7,241,704
    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
    7,906,603
    b
    Program-related investments—total from Part IX-B..................
    1b
    572,000
    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
    8,478,603
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,478,603
    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 7,241,704
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 2,498,206
    b From 2011...... 1,544,452
    c From 2012...... 2,348,834
    d From 2013...... 2,561,139
    e From 2014...... 2,897,552
    fTotal of lines 3a through e........ 11,850,183
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 8,478,603
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 7,241,704
    e Remaining amount distributed out of corpus 1,236,899
    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 13,087,082
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		2,498,206
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		10,588,876
    10 Analysis of line 9:
    a Excess from 2011.... 1,544,452
    b Excess from 2012.... 2,348,834
    c Excess from 2013.... 2,561,139
    d Excess from 2014.... 2,897,552
    e Excess from 2015.... 1,236,899
    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).)
    Vincent J Ryan
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Greenbelt Movement
    165 Court Street 175
    Brooklyn,NY11201     		  PC General Support 50,000
    Seed Global Health Inc
    100 Cambridge Street Suite 1541A
    Boston,MA02114     		  PC General Support 250,000
    University of Washington Foundation
    Box 359505
    Seattle,WA98195     		  PC General Support 1,000
    Massachusetts General Hospital
    100 Cambridge Street Suite 1310
    Boston,MA02114     		  PC General Support 500,000
    Issue One
    11 Dupont Circle NW Suite 350
    Washington,DC20036     		  PC General Support 425,000
    Fair Districts Now Inc
    3182 Munroe Drive
    Miami,FL33133     		  PC General Support 50,000
    Central American Fund for Human Development
    739 West Hillcrest Drive
    Dekalb,IL60115     		  PC General Support 109,300
    Friends of Casa Materna
    PO Box 7476
    Detroit,MI48207     		  PC General Support 9,800
    Center for Popular Democracy
    PO Box 533732
    Orlando,FL32853     		  PC General Support 5,000
    Homeless Children's Foundation of Indian River County
    9 Club Way
    New Rochelle,NY10804     		  PC General Support 76,000
    University of Alabama at Birmingham
    1401 University Blvd HHB560
    Birmingham,AL35294     		  PC Antartic Climate Project 5,000
    Rogerson Communities
    One Florence Street
    Boston,MA02131     		  PC General Support 25,000
    Oak Hill School
    4815 Franklin Road
    Nashville,TN372201198     		  PC General Support 10,000
    Harvard Kennedy School
    79 JFK Street Box 123
    Cambridge,MA02138     		  PC General Support 500,000
    Harvard University
    124 Mt Auburn Street
    Cambridge,MA02138     		  PC General Support 500,000
    Wildflower Camp Foundation
    PO Box 81116
    Wellesley Hills,MA02481     		  PC General Support 1,000
    John F Kennedy Library Foundation
    Columbia Point
    Boston,MA02125     		  PC General Support 15,000
    Whitehead Institute
    9 Cambridge Center
    Cambridge,MA021421479     		  PC General Support 5,000
    Nyana Health
    17W 17th Street 7th Floor
    New York,NY10001     		  PC General Support 100,000
    Fair Districts Now Inc
    3182 Munroe Drive
    Miami,FL33133     		  PC General Support 50,000
    J Street Education Fund
    PO Box 66073
    Washington,DC20035     		  PC General Support 50,000
    Dream Corps
    1611 Telegraph Avenue Suite 600
    Oakland,CA94612     		  PC General Support 5,000
    The Jewish Federation of Greater Pittsburgh
    234 McKee Place
    Pittsburgh,PA05213     		  PC General Support 100,000
    Montserrat Aspirers Inc
    PO Box 240874
    Dorchester,MA02124     		  PC General Support 16,348
    ACLU Foundation of TN
    PO Box 120160
    Nashville,TN37212     		  PC General Support 7,100
    Greenbelt Movement
    165 Court Street 175
    Brooklyn,NY11201     		  PC General Support 55,000
    Sauti Yetu Center for African Women Inc
    2417 3rd Avenue Suite 205
    Bronx,NY10451     		  PC General Support 6,000
    Trust Africa
    2100 M Street Suite 170-350
    Washington,DC20037     		  PC General Support 5,000
    Project for Public Spaces Inc
    419 Lafayette Street 7th Floor
    New York,NY10003     		  PC General Support 5,000
    Tunapanda Institute
    670 Sixth Strret
    New York,NY10010     		  PC General Support 10,000
    Greenbelt Movement
    165 Court Street 175
    Brooklyn,NY11201     		  PC General Support 5,000
    Friends of Bostons Homeless Inc
    12 Wise Street
    Boston,MA02130     		  PC General Support 10,000
    Bead for Life
    2336 Canyon Blvd Suite 202
    Boulder,CO80302     		  PC General Support 25,000
    Brigham and Woman's Hospital
    116 Huntington Ave 5th Floor
    Boston,MA02116     		  PC General Support 500,000
    Hopewell Fund
    1201 Connecticut Ave NW Suite 300
    Washington,DC20036     		  PC General Support 50,000
    Brave New Foundation
    10510 Culver Boulevard
    Culver City,CA90232     		  PC General Support 100,000
    Center for Community Change
    1536 U Street NW
    Washington,DC20009     		  PC General Support 75,000
    Center for Social Inclusion
    150 Broadway Suite 303
    New York,NY10038     		  PC General Support 25,000
    Center on Budget and Policy Priorities
    820 First Street NE Suite 510
    Washington,DC20002     		  PC General Support 100,000
    Florida Alliance for Civic Engagement
    650 Ocean Drive 9E
    Key Biscayne,FL33149     		  PC General Support 25,000
    Foundation for National Progress - Mother Jones
    222 Sutter Street Suite 600
    San Francisco,CA94108     		  PC General Support 50,000
    New Media Ventures Tides
    901 Mission Street Suite 205
    San Francisco,CA94103     		  PC General Support 7,000
    Environmental Learning Center
    255 Live Oaks Drive
    Vero Beach,FL32963     		  PC General Support 1,000
    Fund for Global Human Rights
    1666 Connecticut Ave NW Suite 410
    Washington,DC20009     		  PC General Support 250,000
    The Furniture Society
    1054 Devonshire Drive
    San Diego,CA92107     		  PC General Support 10,000
    Harvard University - HKS Belfer Center
    124 Mt Auburn Street
    Cambridge,MA02138     		  PC General Support 25,000
    Harvard University - HKS Dean's Council
    124 Mt Auburn Street
    Cambridge,MA02138     		  PC General Support 25,000
    Indian River Land Trust
    80 Royal Palm Point Suite 301
    Vero Beach,FL32960     		  PC General Support 2,000
    Institute for Justice and Democracy in Haiti
    666 Dorchester Avenue
    Boston,MA02127     		  PC General Support 25,000
    Proteus Fund - International Human Rights Funders Group
    15 Research Drive Suite B
    Amherst,MA02002     		  PC General Support 1,500
    Irish International Immigration Center
    100 Franklin Street LL-1
    Boston,MA02110     		  PC General Support 15,000
    Isabella Stewart Gardner Museum
    2 Palace Road
    Boston,MA02115     		  PC General Support 10,000
    Karam Foundation
    230 Northgate 742
    Lake Forest,IL60045     		  PC General Support 30,000
    Massachusetts General Hospital
    100 Cambridge Street Suite 1310
    Boston,MA02114     		  PC General Support 50,000
    Open Source Media
    7 Webster Road
    Milton,MA02186     		  PC General Support 30,000
    Ploughshares Fund
    1808 Wedemeyer Street Suite 200
    San Francisco,CA94129     		  PC General Support 250,000
    Schumacher Center for a New Economics
    140 Jug End Road
    Great Barrington,MA02130     		  PC General Support 2,000
    Silent Spring Institute
    29 Crafts Street
    Newton,MA02458     		  PC General Support 20,000
    The Progressive
    409 East Main Street
    Madison,WI53703     		  PC General Support 2,000
    Village Health Works - Women's Health Pavilion
    45 West 36th St 8th Floor
    New York,NY10018     		  PC General Support 5,000
    African Fund and Peace Foundation
    1060 Lowell Road
    Concord,MA01742     		  PC General Support 5,000
    Dothouse Health Inc
    1653 Dorchester Avenue
    Dorchester,MA02122     		  PC General Support 59,000
    Friends of Casa Materna
    PO Box 7476
    Detroit,MI48207     		  PC General Support 12,000
    Brennan Center for Justice
    161 Avenue of the Americas 12th Fl
    New York,NY10013     		  PC General Support 100,000
    North Bennet Street School - Annual Fund
    150 North Street
    Boston,MA02109     		  PC General Support 2,500
    Syrian American Medical Society Foundation
    3660 Stutz Drive Suite 100
    Canfield,OH44406     		  PC General Support 30,000
    Tanzanian Children's Fund
    PO Box 382006
    Cambridge,MA02236     		  PC General Support 12,000
    Art and Abolition Inc - PAWA254
    4876 Saddleridge Drive
    Lithonia,GA30038     		  PC General Support 5,000
    Center for Victims of Torture
    2356 University Ave NW Suite 430
    St Paul,MN55114     		  PC General Support 15,000
    Global Greengrants Fund
    2840 Wilderness Place Suite A
    Boulder,CO80301     		  PC General Support 10,000
    International Justice Mission
    PO Box 96961
    Washington,DC20090     		  PC General Support 5,000
    Esther's Aid
    271 North Avenue
    New Rochelle,NY10801     		  PC General Support 5,000
    The Safe Tennessee Project Inc
    1028 Woodvale Drive
    Nashville,TN37204     		  PC General Support 5,000
    Silent Spring Institute
    29 Crafts Street
    Newton,MA02458     		  PC General Support 10,000
    Beyond Benign
    100 Research Drive
    Wilmington,MA01887     		  PC General Support 10,000
    Alternatives for Community and Development
    2201 Washington Street Suite 302
    Boston,MA02119     		  PC General Support 15,000
    Bridge Over Troubled Waters Inc
    47 West Street
    Boston,MA02111     		  PC General Support 5,000
    Aids Action Committee
    75 Armory Street
    Boston,MA02119     		  PC General Support 5,000
    Equal Justice Initiative - Lynching Memorial
    122 Commerce Street
    Montgomery,AL36104     		  PC General Support 20,000
    The University School of Nashville
    200 Edgehill Ave
    Nashville,TN37212     		  PC General Support 15,000
    Shining Hope for Communities
    175 Varick Street 5th Floor
    New York,NY10014     		  PC General Support 4,000
    Focusing Philanthropy - Shining Hope for Communites
    1637 16th Street
    Santa Monica,CA90404     		  PC General Support 120,000
    Trustees of Boston University - BU CISWH
    595 Commonwealth Avenue Suite 700
    Boston,MA02215     		  PC General Support 2,500,000
    The Belcourt Theatre
    2012 Belcourt Avenue
    Nashville,TN37212     		  PC General Support 1,000
    Cheekwood Botanical Garden and Museum of Art
    1200 Forest Park Drive
    Nashville,TN37208     		  PC General Support 1,000
    The University School of Nashville - Annual Fund
    200 Edgehill Ave
    Nashville,TN37212     		  PC General Support 4,000
    Block Island Club
    PO Box 147
    Block Island,RI02807     		  PC General Support 1,000
    Friends of Radnor Lake
    PO Box 403024
    Nashville,TN37204     		  PC General Support 500
    Monroe Harding Inc
    1120 Glendale Lane
    Nashville,TN37204     		  PC General Support 500
    Vanderbilt University
    2301 Vanderbilt Place PMB 40027
    Nashville,TN37240     		  PC General Support 500
    YMCA of Middle Tennessee
    1000 Church Street
    Nashville,TN37203     		  PC General Support 500
    Hobart and William Smith Colleges
    300 Pulteney Street
    Geneva,NY14456     		  PC General Support 500
    Southern Poverty Law Center
    400 Washington Avenue
    Montgomery,AL36104     		  PC General Support 1,000
    Planned Parenthood
    434 West 33rd Street
    New York,NY10001     		  PC General Support 1,000
    Black Mineral Alliance of Greater Boston
    7 Palmer Street
    Roxbury,MA02119     		  PC General Support 3,000
    Total .................................bullet 3a 7,656,048
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 14,314  
    4 Dividends and interest from securities....     14 5,901,184  
    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.....     14 13,707  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 586,563  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 6,515,768 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    136,515,768
    (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 AllOthProgRltdInvestmentsSch
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount
    Kened Pig Farm Development Limited: A debt program related investment to support sustainable agriculture, training and finance assets including technical equipment to be used to develop the farms. 22,500

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

    TY 2015 ExpenditureResponsibilityStmt
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Mugoya Farm Estates Limited
          		PO Box 29130
    Kampala    
    UG     		2015-04-29 49,500 To Support Sustainable Agriculture, training and to finance assets used to develop the farm 49,500   7/27/16, 5/10/16, 2/6/2016, 9/21/15, 9/17/15    
    Kened Pig Farm Development Limited
          		PO Box 29130
    Kampala    
    UG     		2015-07-02 22,500 To Support Sustainable Agriculture, training and to finance assets used to develop the farm 22,500   4/18/16, 2/17/16, 2/8/16, 1/23/16, 1/20/16    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Iron Mountain, Inc 91,065,852 91,065,852

    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Other Investments FMV 11,790,104 11,790,104

    TY 2015 LegalFeesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Expense 75,424 0   0


    TY 2015 OtherAssetsSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Prepaid Income Taxes - Federal From 990-T 4,461 4,461 4,461
    Prepaid Income Taxes - Federal Form 990-PF 0 101,103 101,103
    Prepaid Expenses 0 16,726 16,726
    A/R - Unsettled Sale 0 4,452,388 4,452,388
    A/R - Schooner SMSFLP 0 407 407
    Note Receivable SAF - Mugoya Farm Estates Ltd 0 49,500 49,500
    Interest & Dividend Receivable - SAF 0 2,713 2,713
    Note Receivable SAF - Kened Pig Farm Development 0 22,500 22,500


    TY 2015 OtherDecreasesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Amount
    Unrealized Appreciation of Investments 39,637,900
    Book/Tax Gain Differences 744,377


    TY 2015 OtherExpensesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Other Income/(Loss) - Foreign Currency 512 512   0
    Portfolio Deductions 170,577 170,577   0
    K-1 King Street - Ordinary Loss 81 81   0
    K-1 King Street - Net Section 1231 Loss 13 13   0
    K-1 Tropico Value Fund - Other Portfolio Loss 3,177 3,177   0
    K-1 Moon Capital - Other Loss 1,947 1,947   0
    K-1 Malabar India Fund - Portfolio Deductions 19,149 19,149   0
    K-1 Tropico Value Fund - Portfolio Deductions 5,137 5,137   0
    K-1 King street - Portfolio Deductions 3 3   0
    K-1 King Street - Investment Interest Expense 1 1   0
    Continuing Education 1,595 0   0
    Due and Subscriptions 3,119 0   1,560
    Insurance and Benefits 16,272 0   8,136
    Operating Expenses 2,000 0   0
    Payroll Processing Fees 849 0   637
    Postage & Shipping 161 0   0
    Rent 8,352 0   5,568
    Telephone 585 0   323


    TY 2015 OtherIncomeSchedule2
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Program Related Interest-Ocean 10,993 10,993 10,993
    Program Related Interest-Mugoya 2,714 2,714 2,714


    TY 2015 OtherIncreasesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Amount
    Return of Capital - IRM 51,666
    Distribution Income 5,974
    Sec. 754 Adjustment 958,382
    Flow through amounts from K-1 investments 420,426


    TY 2015 OtherLiabilitiesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Beginning of Year - Book Value End of Year - Book Value
    Accrued Income Taxes-Federal 271,160 0


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting 233,264 0   116,632


    TY 2015 TaxesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes 27,726 27,726   0
    Excise & Payroll Taxes 135,386 0   5,737
    K-1 Malabar India Fund - Foreign Taxes 1,398 1,398   0
    K-1 Tropico Value Fund - Foreign Taxes 1,434 1,434   0