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
The Schmetterling Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

27-4267762

B Telephone number (see instructions)

(800) 839-1754

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

$5,572,331J 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)	983,644
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	95		95
4	Dividends and interest from securities...	74,594		74,594
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-346,751
b	Gross sales price for all assets on line 6a 8,102,126
7	Capital gain net income (from Part IV, line 2)...			1,077,912
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	711,582		1,152,601
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		41,464	41,464
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		9,739	435
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		23,321	190	23,131
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	74,524		42,089	23,131
25	Contributions, gifts, grants paid.......	520,000			520,000
26	Total expenses and disbursements. Add lines 24 and 25	594,524		42,089	543,131
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	117,058
b	Net investment income (if negative, enter -0-)			1,110,512
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	1,025,379	616,407	616,407
	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)		324,622	322,470
	b	Investments—corporate stock (attach schedule).......	4,399,377	4,387,558	4,421,677
	c	Investments—corporate bonds (attach schedule).......		213,227	211,777
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	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)	5,424,756	5,541,814	5,572,331
	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
		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........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	5,424,756	5,541,814
	30	Total net assets or fund balances (see instructions).....	5,424,756	5,541,814
	31	Total liabilities and net assets/fund balances (see instructions).	5,424,756	5,541,814

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

5,424,756

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

117,058

Other increases not included in line 2 (itemize) bullet

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

5,541,814

Decreases not included in line 2 (itemize) bullet

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

5,541,814

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	Publicly-traded Securities
b
c
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	8,102,126	7,024,214	1,077,912
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			1,077,912
b
c
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	1,077,912
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	288,662	2,742,263	0.105264
2013	48,563	1,466,242	0.033121
2012	40,467	967,096	0.041844
2011	10,231	997,258	0.010259
2010	0	492,500	0.0

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

20.190488

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 . . .

0.038098

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

4,934,264

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

187,986

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

11,105

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

199,091

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

543,131

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	11,105
	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
3	Add lines 1 and 2...........................	3	11,105
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	11,105
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	8,800
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	8,800
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	2,305
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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

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

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

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

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Colleen Clark	Co- Pres / Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Co- Pres / Dir 1.0	0	0	0
James A Clark	Co- Pres / Dir / Sec 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Co- Pres / Dir / Sec 1.0	0	0	0

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










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

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

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

4,805,400

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

204,005

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

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

5,009,405

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

5,009,405

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

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

75,141

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

4,934,264

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

246,713

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

246,713

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

11,105

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

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

11,105

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

235,608

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

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

235,608

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

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

235,608

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 ..........

543,131

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

543,131

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

11,105

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

532,026

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	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7			235,608
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:2013, 2012, 2011
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......	82,359
fTotal of lines 3a through e........		82,359
4Qualifying distributions for 2015 from Part
XII, line 4: $ 543,131
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....			235,608
e Remaining amount distributed out of corpus		307,523
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		389,882
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		389,882
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....	82,359
e Excess from 2015....	307,523

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).)

Colleen Clark

James A Clark

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
CATHOLIC THEOLOGICAL UNION AT CHICAGO 5401 S CORNELL AVE CHICAGO,IL60615	N/A	PC	General & Unrestricted	500
CHICAGO ZOOLOGICAL SOCIETY 3300 GOLF RD BROOKFIELD,IL60513	N/A	PC	General & Unrestricted	500
INDIANA BALLET THEATRE NW INC 8888 LOUISIANA ST MERRILLVILLE,IN46410	N/A	PC	General & Unrestricted	1,000
MUSEUM OF SCIENCE AND INDUSTRY 5700 S LAKE SHORE DR CHICAGO,IL60637	N/A	PC	General & Unrestricted	500
NORTHWESTERN UNIVERSITY 1201 DAVIS ST 3RD FL EVANSTON,IL60208	N/A	PC	General & Unrestricted	10,000
PARTNERS IN HEALTH A NONPROFIT CORPORATION 888 COMMONWEALTH AVE 3RD FL BOSTON,MA02215	N/A	PC	General & Unrestricted	1,500
PUNAHOU SCHOOL 1601 PUNAHOU ST HONOLULU,HI96822	N/A	PC	General & Unrestricted	1,000
SAN JUAN DIEGO CATHOLIC HIGH SCHOOL 800 HERNDON LN AUSTIN,TX78704	N/A	PC	Building Fund	500,000
ST JUDE CHILDRENS RESEARCH HOSPITAL INC 262 DANNY THOMAS PL MSC 512 MEMPHIS,TN38105	N/A	PC	General & Unrestricted	500
THE COLBURN SCHOOL 200 S GRAND AVE LOS ANGELES,CA90012	N/A	PC	General & Unrestricted	1,000
UNIVERSITY OF INDIANAPOLIS 1400 E HANNA AVE INDIANAPOLIS,IN46227	N/A	PC	Athletic Training Program	2,500
WIKIMEDIA NEW YORK CITY PO BOX 1074 NEW YORK,NY10163	N/A	PC	General & Unrestricted	1,000
Total ................................. 3a				520,000

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	95
4 Dividends and interest from securities....			14	74,594
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	-346,751
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)..				-272,062

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

13-272,062

(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:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Name of the organization

The Schmetterling Foundation

Employer identification number

27-4267762

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2

Name of organization The Schmetterling Foundation

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Clark James A 106 Kinsale Avenue Valparaiso, IN46385	$ 983,644	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 3

Name of organization The Schmetterling Foundation		Employer identification number 27-4267762

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	AMERICAN WATER WORKS COMPANY INC AWK, 1000.00000000 sh.	$ 56,785	2015-12-11
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	AMERICAN WATER WORKS COMPANY INC AWK, 1000.00000000 sh.	$ 56,785	2015-12-11
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	ISHARES TR S & P MIDCAP 400 INDEX FD IJH, 560.00000000 sh.	$ 78,167	2015-12-11
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	ISHARES TR S & P MIDCAP 400 INDEX FD IJH, 560.00000000 sh.	$ 78,168	2015-12-11
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	ISHARE SP SMALL CAP 600 INDEX FD IJR, 760.00000000 sh.	$ 83,638	2015-12-11
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	ISHARE SP SMALL CAP 600 INDEX FD IJR, 760.00000000 sh.	$ 83,638	2015-12-11
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Name of organization The Schmetterling Foundation		Employer identification number 27-4267762
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	MCCORMICK & CO MKC, 750.00000000 sh.	$ 63,135	2015-12-11
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	MCCORMICK & CO MKC, 750.00000000 sh.	$ 63,135	2015-12-11
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	RAYTHEON CO RTN, 500.00000000 sh.	$ 63,432	2015-12-11
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	RAYTHEON CO RTN, 500.00000000 sh.	$ 63,433	2015-12-11
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	MAGELLAN MIDSTREAM PARTNERS LP MMP, 2400.00000000 sh.	$ 146,664	2015-12-11
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	MAGELLAN MIDSTREAM PARTNERS LP MMP, 2400.00000000 sh.	$ 146,664	2015-12-11
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 4


Name of organization The Schmetterling Foundation			Employer identification number 27-4267762
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Additional Data

Software ID:
Software Version:

- TIN:

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

TY 2015 DepreciationSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMER INTERNATIONAL GROUP INC -	7,276	7,197
AMERICAN EXPRESS CR CORP - 2.8	6,104	6,076
APPLE INC - 1.000% - 05/03/201	5,949	5,951
BNP PARIBAS - 3.250% - 03/03/2	8,056	7,990
BP CAPITAL MARKETS PLC - 2.521	8,103	7,974
BRISTOL MYERS SQUIBB CO - 0.87	5,977	5,967
CAPITAL ONE - 3.200% - 02/05/2	6,523	6,766
CITIGROUP INC - 3.953% - 06/15	10,227	10,139
COMCAST CORP - 3.600% - 03/01/	7,171	7,235
COSTCO WHSL CORP - 1.700% - 12	5,954	5,949
CVS CAREMARK CORP - 3.500% - 0	6,151	6,105
ENTERPRISE PROD - 3.750% - 02/	5,719	5,488
GOLDMAN SACHS GROUP INC - 5.25	8,927	8,845
GOLDMAN SACHS GROUP INC NTS -	5,526	5,429
HCP INC NOTE - 2.625% - 02/01/	10,976	10,832
JPMORGAN CHASE & CO SR NT - 4.	7,519	7,425
KINDER MORGAN ENERGY PARTNERS	6,530	6,094
MEDTRONIC INC - 1.500% - 03/15	6,002	5,997
METLIFE - 3.600% - 04/10/2024	6,115	6,156
MORGAN STANLEY - 2.125% - 04/2	7,045	7,009
ORACLE CORP - 2.800% - 07/08/2	9,122	9,116
REYNOLDS AMERICAN INC - 2.300%	6,052	6,038
TORONTO DOMINION BANK - 1.750%	5,998	5,991
TOTAL CAPITAL INTERNATIONAL -	7,088	7,013
TOYOTA MTR CRD CORP - 1.375% -	7,997	8,016
UNITED HEALTH GP - 3.350% - 07	7,202	7,160
UNITED MEXICAN STS - 3.625% -	7,149	7,042
VERIZON COMMUNICATIONS - 4.600	11,833	11,824
WELLS FARGO CO MTN BE - 3.300%	8,936	8,953

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC	21,213	19,727
ACTIVISION BLIZZARD INC	6,058	7,007
AECOM TECHNOLOGY CORPORATION	2,952	3,363
AES CORP	12,116	10,632
AKZO NOBEL NV-ADR	3,348	3,311
ALEXION PHARMACEUTICALS, INC	19,167	22,127
ALLERGAN PLC	7,246	7,500
ALLIANCE DATA SYSTEM CORP	16,192	17,147
ALLIANZGI INCOME CLASS AND GRO	6	6
ALPHABET INC CL A	36,736	44,347
ALTRIA GROUP INC	25,967	28,348
AMAZON COM	20,127	27,036
AMERICAN AIRLINES GROUP INC	2,911	3,134
AMERIPRISE FINANCIAL INC	3,210	3,086
ANHEUSER BUSCH COS INC	26,254	28,875
ANSELL LTD SP ADR	6,711	6,731
APACHE CORPORATION	12,911	13,786
APPLE INC	33,742	31,683
ASML HOLDING NV NY REG SHS	27,048	26,720
ASSA ABLOY UNSP/ADR	9,069	10,022
ASTRAZENECA	87,132	90,952
ATLAS COPCO AB A SHS ADR	7,437	7,253
BAKER HUGHES INC	4,874	4,523
BANK OF CHINA UNSP/ADR	24,097	22,723
BATS SERIES M PORTFOLIO	59,924	59,231
BAXALTA INCORPORATED	12,101	13,231
BAXTER INTERNATIONAL INC	7,501	7,668
BERKSHIRE HATHAWAY INC. CL B	17,075	16,901
BLACKROCK FUNDS MID CAP GROWTH	247,844	248,794
BLACKROCK GLOBAL ALLOC I	263,012	248,922
BLACKROCK STRAT INC OPP - INS	298,428	292,241
BRITISH AMERICAN TOBACCO PLC	25,648	26,177
CAPITAL ONE FINANCIAL CORP	17,247	16,601
CELGENE CORP	5,335	5,269
CHARTER ONE FINL INC	11,425	12,414
CHEVRON CORP	3,784	4,498
CHIPOTLE MEX GRILL	11,663	9,117
CISCO SYSTEMS INC	49,128	50,427
CITIGROUP INC	32,503	32,240
COCA-COLA CO	25,618	28,010
COMMUNITY HEALTH	7,202	4,324
COMPAGNIE DE SAINT G	16,008	15,518
CONCHO RESOURCES INC	2,616	2,507
CONSTELLATION BRANDS INC	9,763	11,253
COSTCO WHOLESALE CORPORATION	9,058	10,498
CROWN CASTLE INTL	9,368	10,374
CVS CAREMARK CORP	8,193	7,919
DBS GROUP HLDGS SPON ADR	12,439	11,488
DELPHI AUTOMOTIVE PLC	7,067	8,144
DELTA AIR LINES INC	10,178	11,608
DEUTSCHE POST AG	16,100	15,918
DIAGEO PLC ADS	21,337	22,141
DISCOVER FINL SVCS COM	22,324	22,467
DOMINOS PIZZA INC	4,015	4,339
DYNEGY INC HLDG CO	7,468	5,025
ECOLAB INC	5,632	5,948
ERICSSON L M TEL CO	8,111	8,082
ESTEE LAUDER COMPANIES INC	14,422	16,115
EUTELSAT COMMUNICATIONS	11,149	10,774
EXELON CORPORATION	12,963	11,802
FACEBOOK INC	33,140	39,666
FINNING INTL INC	21,513	18,711
FREEPORT-MCMORAN COPPER & GOLD	10,730	8,815
GAP INC	4,520	3,557
GENERAL ELECTRIC CO	11,978	15,108
GENUINE PARTS COMPANY	19,664	20,528
GENWORTH FINANCIAL INC CL A	2,442	1,984
GIVAUDAN SA UNSP/ADR	12,337	12,727
GLAXOSMITHKLINE PLC	8,197	8,151
GNC CORP	6,930	4,870
GULFPORT ENERGY CORP	10,513	8,600
H&R BLOCK INC	23,154	23,017
HALLIBURTON COMPANY	3,156	2,859
HARTFORD FINANCIALSERVICES GRO	9,776	9,387
HENNES & MAURITZ AB	7,555	6,787
HOME DEPOT INC	11,531	13,225
HONEYWELL INTL	1,956	2,071
HSBC HOLDINGS PLC	9,339	9,315
ILLUMINA INC COM	6,237	7,294
IMPERIAL BRANDS PL	24,154	26,226
ING GROUP N V SPONSORED ADR	23,019	23,030
INTERNATIONAL PAPER CO	5,221	4,637
INTERPUBLIC GROUP OF COS	1,445	1,769
ISHARE SP SMALL CAP 600 INDEX	121,723	124,314
ISHARES CORE MSCI EMERGING MAR	197,557	195,335
JAPAN TOBACCO INC	17,250	18,509
JOHNSON & JOHNSON	27,078	29,378
JP MORGAN CHASE	32,492	34,138
KBC GROUP SA UNSP ADR	30,443	29,873
KEYCORP	3,293	3,311
KINGFISHER PLC	34,989	31,512
KONE OYJ	10,662	11,127
KROGER CO	7,283	8,533
KYOWA HAKKO KIRIN CO., LTD	14,097	13,691
LEAR CORP	8,403	10,195
LIBERTY GLOBAL PLC - SERIES A	42,755	39,183
LINCOLN NATIONAL CORP	8,694	8,896
LINEAR TECHNOLOGY CORP	17,005	18,390
LINKEDIN CORPORATION	3,163	3,601
LLOYDS TSB GROUP PLC	41,281	37,884
LYONDELLBASELL INDUSTRIES NV	4,659	4,953
M&T BANK CORP	13,469	13,815
MACY'S INC	9,752	6,226
MAGNA INTERNATIONAL INC	12,412	10,546
MANAGED ACCOUNT SERIES GLOBAL	127,567	125,474
MANAGED ACCT SER MID CAP VALUE	255,977	251,528
MARATHON OIL CORP COM	13,993	12,187
MARATHON PETROLEUM CORP	7,590	8,450
MASTERCARD INC	10,219	10,904
MATTELL INC	44,992	54,720
MAZDA MOTOR CORP	19,867	24,090
MCDONALD'S CORP	17,774	21,974
MEAD JOHNSON NUTRITI	6,640	6,869
MEDTRONIC PLC	7,821	8,307
MERCK & CO INC	20,574	20,600
METLIFE INC	4,149	4,146
MICROSOFT CORP	20,303	25,687
MOBILEYE NV	9,408	7,906
MOODYS CORP	6,608	6,522
MORGAN STANLEY	5,798	5,599
NASDAQ OMX GROUP	13,212	15,066
NATL BK OF CANADA	5,222	4,803
NESTLE S.A	18,375	18,456
NETFLIX INC	15,812	17,271
NEWELL RUBBERMAID INC	10,246	11,020
NIELSEN HOLDINGS N.V	12,167	12,582
NIKE INC-CL B	10,569	12,125
NOKIA	3,298	3,363
NOVARTIS AG ADR	24,045	21,424
NOVO NORDISK A S	8,687	9,060
NXP SEMICONDUCTORS	7,059	6,572
OUTFRONT MEDIA INC	5,338	5,217
PEPSICO INC	12,913	13,889
PERRIGO CO PLC	23,259	19,824
PFIZER INC	41,750	41,770
PHILIP MORRIS INTL	20,865	22,945
BIOGEN INC.	18,564	19,300
PRUDENTIAL FINCL INC	7,623	7,978
PT BK MANDIR PRS UNSP/ADR	23,651	25,343
PUTNAM DIVERSIFIED INCOME TRUS	5	5
QUALCOMM INC	24,576	22,143
QUEST DIAGNOSTICS	7,297	7,683
RAYTHEON CO	6,012	7,098
RECRUIT HLDGS CO LTD JPY	32,476	32,287
REGIONS FINANCIAL CORP	4,719	4,944
RESTORATION HARDWARE	9,136	7,866
REYNOLDS AMERICAN INC	9,116	10,061
ROCHE HOLDING LTD ADR	12,519	12,513
ROGERS COMM CL B	18,617	18,850
ROYAL DUTCH SHEL PLC SPONS ADR	37,113	34,576
ROYAL MAIL PLC	19,323	17,726
SALESFORCE.COM	14,929	17,248
SANDS CHINA LTD UNSP ADR	5,321	4,992
SANOFI-AVENTIS SPONSORED ADR	19,403	16,889
SBA COMMUNICATIONS	6,342	6,094
SCRIPPS NETWORKS INT	4,966	5,079
SGS SA UNSP ADR	5,739	6,303
SHERWIN-WILLIAMS CO	11,949	12,461
SHIRE PLC	30,362	28,700
SINGAPORE TELE ADR	7,073	6,515
SK TELECOM ADS ADS	26,369	23,676
SKF AB ADR	15,056	13,660
SLM CORP	3,041	2,478
SONIC HEALTHCARE LTD	6,379	5,967
STARBUCKS CORP COM	4,076	4,382
STARWOOD PROPERTY TRUST INC	4,683	4,544
SUMCO CORP ADR	11,625	10,048
SUNCOR ENERGY INC	5,719	5,779
SUPERIOR ENERGY SV	4,387	4,405
SVENSKA HANDELSBK UNS ADR	6,041	5,537
SYNGENTA AG ADS	16,788	18,344
TAIWAN SEMICONDUCTOR MFG CO LT	16,305	17,950
TELEFONICA BRASIL, S.A	15,942	14,024
TELEPHONE & DATA SYS INC	9,382	8,828
TELUS CORP	23,862	20,516
TENCENT HOLDINGS LIMITED	11,889	13,342
TERADYNE INC	5,596	6,552
TEVA PHARMECEUTICAL SP ADR	29,555	29,932
TH K CO LTD	24,598	26,454
TREND MICRO INCORPORATED - AME	20,744	22,854
TRIPADVISOR LLC	24,175	28,900
TUPPERWARE CORP	2,059	2,282
TYSON FOODS INC CL A	3,027	4,000
U G I CP	1,358	1,350
UNILEVER N V N Y	12,692	13,516
UNION PACIFIC	9,120	8,602
UNITED PARCEL SERVICE	12,680	12,606
UNITED STATES CELLULAR CORP	3,361	3,795
UNITED TECHNOLOGIES CORP	12,740	13,354
UNITED THERAPEUTICS CORP	17,091	17,384
UNITEDHEALTH GROUP INC	15,946	16,587
US BANCORP	13,776	14,124
VALERO ENERGY CORP	19,432	22,910
VERIZON COMMUNICATIONS	45,380	46,451
VERTEX PHARMCTLS INC	12,913	13,590
VISA INC	24,889	27,608
VODAFONE GROUP PLC	40,755	38,647
WELLS FARGO & CO	30,322	31,420
WORKDAY INC	11,999	12,430
XL GROUP PLC	7,180	7,562
ZIMMER BIOMET HOLDINGS	8,558	8,515

- TIN:

TY 2015 InvestmentsGovtObligationsSch

Name:

The Schmetterling Foundation

EIN:

27-4267762

US Government Securities - End of Year Book Value:

324,622

US Government Securities - End of Year Fair Market Value:

322,470

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

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

- TIN:

TY 2015 OtherExpensesSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	23,106		23,106
Bank Charges	190	190
State or Local Filing Fees	25		25

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	41,464	41,464

- TIN:

TY 2015 TaxesSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2015	8,800
990-PF Excise Tax for 2014	504
Foreign Tax Paid	435	435