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
ADELAIDE C RIGGS CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231

A Employer identification number

52-6740006

B Telephone number (see instructions)

(410) 537-5484

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$1,459,259J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	22,281		22,044
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		65,063
b	Gross sales price for all assets on line 6a 332,168
7	Capital gain net income (from Part IV, line 2)...			65,063
8	Net short-term capital gain.........				0
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........	87,344		87,107
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		14,377	14,377		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		2,450	565		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	16,827		14,942	0	0
25	Contributions, gifts, grants paid.......	74,380				74,380
26	Total expenses and disbursements. Add lines 24 and 25	91,207		14,942	0	74,380
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-3,863
b	Net investment income (if negative, enter -0-)			72,165
c	Adjusted net income (if negative, enter -0-)...				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.........	78,407	70,045	70,045
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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).......	842,976	817,048	1,091,909
	c	Investments—corporate bonds (attach schedule).......	262,560	292,600	297,305
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,183,943	1,179,693	1,459,259
	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........	1,183,943	1,179,693
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	1,183,943	1,179,693
	31	Total liabilities and net assets/fund balances (see instructions).	1,183,943	1,179,693

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

1,183,943

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

-3,863

Other increases not included in line 2 (itemize) bullet

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

1,180,080

Decreases not included in line 2 (itemize) bullet

387

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

1,179,693

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	1. FOSSIL GROUP INC		2012-05-08	2015-01-02
b	9. QUALCOMM CORP.		2010-01-28	2015-01-02
c	13. SUNTRUST BANKS INC.		2013-03-14	2015-01-02
d	9. QUALCOMM CORP.		2010-01-28	2015-01-05
e	2. COVANCE INC		2010-07-29	2015-01-06
	1. FOSSIL GROUP INC		2012-05-08	2015-01-06
	7. QUALCOMM CORP.		2010-01-28	2015-01-06
	3. COVANCE INC		2010-09-03	2015-01-07
	1. FOSSIL GROUP INC		2012-05-08	2015-01-07
	5. QUALCOMM CORP.		2010-01-28	2015-01-07
	2. COVANCE INC		2010-09-03	2015-01-08
	2. FOSSIL GROUP INC		2012-05-08	2015-01-08
	11. GILEAD SCIENCES INC.		2013-12-02	2015-01-08
	7. QUALCOMM CORP.		2010-01-28	2015-01-08
	2. COVANCE INC		2010-09-03	2015-01-09
	4. FOSSIL GROUP INC		2012-07-02	2015-01-09
	21. BEST BUY COMPANY INC		2014-02-03	2015-01-12
	1. COVANCE INC		2010-09-03	2015-01-12
	43. M & T BK CORP COM		2012-01-04	2015-01-12
	80. REGIONS FINL CORP NEW		2013-05-09	2015-01-12
	1. COVANCE INC		2010-09-03	2015-01-13
	63. REGIONS FINL CORP NEW		2013-04-23	2015-01-13
	2. COVANCE INC		2010-09-03	2015-01-14
	16. DISCOVERY COMMUNICAIONS-A		2014-04-01	2015-01-14
	5. DISCOVERY COMMUNICATIONS-C		2014-03-24	2015-01-14
	2. CORE LABORATORIES N V		2014-05-12	2015-01-14
	3. COVANCE INC		2010-09-03	2015-01-15
	2. DISCOVERY COMMUNICAIONS-A		2014-04-04	2015-01-15
	3. DISCOVERY COMMUNICATIONS-C		2014-03-17	2015-01-15
	1. CORE LABORATORIES N V		2014-05-28	2015-01-15
	72. DISCOVERY COMMUNICAIONS-A		2014-07-09	2015-01-16
	12. DISCOVERY COMMUNICATIONS-C		2014-04-04	2015-01-16
	20. SCHLUMBERGER LTD.		2012-04-02	2015-01-16
	5. CORE LABORATORIES N V		2011-08-08	2015-01-16
	2. DISCOVERY COMMUNICATIONS-C		2014-03-26	2015-01-20
	1. FOSSIL GROUP INC		2012-07-02	2015-01-20
	3. CORE LABORATORIES N V		2011-08-08	2015-01-20
	6. DISCOVERY COMMUNICATIONS-C		2014-03-31	2015-01-21
	2. FOSSIL GROUP INC		2012-07-02	2015-01-21
	5. CORE LABORATORIES N V		2011-08-08	2015-01-21
	36. CITY NATIONAL CORP		2013-12-09	2015-01-22
	37. CITY NATIONAL CORP		2014-10-07	2015-01-22
	7. DISCOVERY COMMUNICATIONS-C		2014-03-28	2015-01-22
	4. FOSSIL GROUP INC		2012-07-02	2015-01-22
	7. QUALCOMM CORP.		2009-10-09	2015-01-22
	1. CORE LABORATORIES N V		2011-08-08	2015-01-22
	5. DISCOVERY COMMUNICATIONS-C		2014-03-27	2015-01-23
	19. DISCOVERY COMMUNICATIONS-C		2014-09-19	2015-01-23
	4. DISCOVERY COMMUNICATIONS-C		2014-09-19	2015-01-26
	3. FOSSIL GROUP INC		2012-07-02	2015-01-26
	14. QUALCOMM CORP.		2009-10-09	2015-01-26
	1. CORE LABORATORIES N V		2011-08-08	2015-01-26
	37. DISCOVERY COMMUNICATIONS-C		2014-09-18	2015-01-27
	2. FOSSIL GROUP INC		2012-07-02	2015-01-27
	1. CORE LABORATORIES N V		2011-08-08	2015-01-27
	6. APPLE COMPUTER INC.		2009-01-16	2015-01-28
	1. CORE LABORATORIES N V		2011-08-08	2015-01-28
	3. FOSSIL GROUP INC		2012-07-02	2015-01-29
	10. CORE LABORATORIES N V		2012-10-03	2015-01-29
	35. DISCOVERY COMMUNICATIONS-C		2014-10-06	2015-01-30
	6. CORE LABORATORIES N V		2012-10-03	2015-01-30
	5. FOSSIL GROUP INC		2012-07-02	2015-02-02
	5. CORE LABORATORIES N V		2011-10-10	2015-02-02
	6. COVANCE INC		2010-09-03	2015-02-03
	12. QUALCOMM CORP.		2009-10-09	2015-02-03
	5. CORE LABORATORIES N V		2011-10-10	2015-02-03
	4. COVANCE INC		2010-09-03	2015-02-04
	10. STARBUCKS CORP.		2012-10-26	2015-02-04
	3. CORE LABORATORIES N V		2011-10-10	2015-02-04
	2. COVANCE INC		2010-09-03	2015-02-05
	5. CORE LABORATORIES N V		2011-10-10	2015-02-05
	1. COVANCE INC		2010-09-03	2015-02-06
	6. FMC TECHNOLOGIES INC		2005-11-17	2015-02-06
	27. INFORMATICA CORP		2014-09-24	2015-02-06
	7. SCHLUMBERGER LTD.		2012-01-18	2015-02-06
	1. COVANCE INC		2010-09-03	2015-02-09
	10. FMC TECHNOLOGIES INC		2005-11-17	2015-02-09
	5. INFORMATICA CORP		2014-09-24	2015-02-09
	3. QUALCOMM CORP.		2010-03-02	2015-02-09
	1. COVANCE INC		2010-09-03	2015-02-10
	8. FMC TECHNOLOGIES INC		2005-11-17	2015-02-10
	17. INFORMATICA CORP		2014-09-24	2015-02-10
	8. QUALCOMM CORP.		2010-03-02	2015-02-10
	2. COVANCE INC		2010-09-03	2015-02-11
	1. COVANCE INC		2010-09-03	2015-02-13
	1. COVANCE INC		2010-09-03	2015-02-17
	6. QUALCOMM CORP.		2010-03-02	2015-02-17
	5. SCHLUMBERGER LTD.		2003-06-25	2015-02-17
	8. COVANCE INC		2010-09-03	2015-02-18
	3. QUALCOMM CORP.		2010-04-26	2015-02-18
	4. QUALCOMM CORP.		2010-04-26	2015-02-19
	13. INFORMATICA CORP		2014-09-24	2015-02-20
	5. CITY NATIONAL CORP		2013-07-23	2015-02-25
	8. CITY NATIONAL CORP		2014-05-20	2015-02-25
	1. INFORMATICA CORP		2014-07-31	2015-02-25
	2. QUALCOMM CORP.		2010-04-26	2015-03-03
	11. SCHLUMBERGER LTD.		2012-01-18	2015-03-03
	13. QUALCOMM CORP.		2010-04-26	2015-03-04
	21. COMMSCOPE HOLDING CO INC		2015-01-27	2015-03-05
	9. QUALCOMM CORP.		2010-04-26	2015-03-05
	19. QUALCOMM CORP.		2010-02-25	2015-03-06
	20. CHARLES SCHWAB CORP.		2013-01-02	2015-03-09
	2. WHOLE FOODS MARKET INC		2013-05-15	2015-03-09
	5. WHOLE FOODS MARKET INC		2014-01-27	2015-03-10
	4. WHOLE FOODS MARKET INC		2013-05-14	2015-03-11
	5. GILEAD SCIENCES INC.		2013-12-06	2015-03-12
	9. INFORMATICA CORP		2014-07-31	2015-03-12
	7. WHOLE FOODS MARKET INC		2013-05-14	2015-03-12
	5. WHOLE FOODS MARKET INC		2013-05-13	2015-03-13
	1. GILEAD SCIENCES INC.		2013-12-06	2015-03-16
	1. GILEAD SCIENCES INC.		2013-12-05	2015-03-18
	2. GENPACT LTD USD 0.001		2010-03-31	2015-03-18
	1. GILEAD SCIENCES INC.		2013-12-10	2015-03-19
	1. SCHLUMBERGER LTD.		2003-06-25	2015-03-19
	7. SCHLUMBERGER LTD.		2003-06-25	2015-03-19
	2. GENPACT LTD USD 0.001		2010-03-29	2015-03-19
	1. GILEAD SCIENCES INC.		2013-12-10	2015-03-20
	3. GILEAD SCIENCES INC.		2014-03-21	2015-03-20
	10. SCHLUMBERGER LTD.		2003-06-25	2015-03-20
	4. GENPACT LTD USD 0.001		2010-03-29	2015-03-20
	. PROCEEDS OF LITIGATION FROM CITIGROUP			2015-03-20
	2. GENPACT LTD USD 0.001		2010-03-29	2015-03-23
	2. GOOGLE INC CL A		2008-12-03	2015-03-24
	2. GOOGLE INC		2008-12-03	2015-03-24
	.9978 ABBVIE INC		2015-02-23	2015-03-25
	16.0022 ABBVIE INC		2015-02-23	2015-03-25
	3. AMAZON.COM INC		2015-02-04	2015-03-25
	3. AMERIPRISE FINL INC		2015-01-12	2015-03-25
	18. AMPHENOL CORP - CL A		2010-04-16	2015-03-25
	2. ANSYS INC		2014-07-23	2015-03-25
	5. ANSYS INC		2010-10-11	2015-03-25
	10. APPLE COMPUTER INC.		2013-04-19	2015-03-25
	9. APPLE COMPUTER INC.		2009-01-16	2015-03-25
	14. BAXTER INTL. INC.		2014-06-25	2015-03-25
	21. BEST BUY COMPANY INC		2014-02-03	2015-03-25
	6.00079 BRISTOL MYERS SQUIBB CO.		2015-03-20	2015-03-25
	5.99921 BRISTOL MYERS SQUIBB CO.		2015-03-20	2015-03-25
	334.169 BROWN ADVISORY-S/C FND VAL-I		2004-07-28	2015-03-25
	460.564 BROWN ADV SMALL-CAP GROWTH-I		1998-12-31	2015-03-25
	38. CISCO SYSTEMS		2013-12-24	2015-03-25
	6. CITY NATIONAL CORP		2013-08-21	2015-03-25
	24. COACH INC		2014-06-09	2015-03-25
	17. COGNIZANT TECH SOLUTIONS CRP COM		2015-01-26	2015-03-25
	23. COMMSCOPE HOLDING CO INC		2014-12-30	2015-03-25
	6. COSTCO WHOLESALE CORPORATION		2009-06-23	2015-03-25
	13. DANAHER CORP		2008-03-18	2015-03-25
	12. DAVITA INC		2008-01-07	2015-03-25
	17. DISCOVERY COMMUNICAIONS-A		2015-01-07	2015-03-25
	10. EBAY INC.		2014-12-03	2015-03-25
	9. ECOLAB INC COM		2012-12-05	2015-03-25
	18. EXPRESS SCRIPTS HLDG CO		2011-02-28	2015-03-25
	16. FMC TECHNOLOGIES INC		2005-11-17	2015-03-25
	14. FACEBOOK INC		2015-03-24	2015-03-25
	15. FASTENAL CO		2014-03-03	2015-03-25
	4. FASTENAL CO		2014-09-19	2015-03-25
	16. FOREST CITY ENTERPRISES INC CL A		2015-01-16	2015-03-25
	20. GAMESTOP CORP NEW		2014-03-18	2015-03-25
	3. GAMESTOP CORP NEW		2014-11-25	2015-03-25
	9. GILEAD SCIENCES INC.		2014-03-21	2015-03-25
	1. GOOGLE INC CL A		2008-12-03	2015-03-25
	1. GOOGLE INC		2008-12-03	2015-03-25
	34. HOLOGIC INC		2013-04-19	2015-03-25
	8. INFORMATICA CORP		2014-07-31	2015-03-25
	2. INTUITIVE SURGICAL INC		2013-09-30	2015-03-25
	21. J P MORGAN CHASE & CO		2014-10-07	2015-03-25
	22. JOY GLOBAL INC		2014-07-15	2015-03-25
	13. ESTEE LAUDER COMPANIES CL A		2012-03-16	2015-03-25
	11. MEAD JOHNSON NUTRITION CO-A		2011-04-05	2015-03-25
	11. MERCK & CO INC		2010-11-30	2015-03-25
	15. MICROSOFT CORP.		2010-07-28	2015-03-25
	7. MICROCHIP TECHNOLOGY INC		2012-06-04	2015-03-25
	16. NATL INSTRUMENT CORP		2011-06-14	2015-03-25
	4. NATIONAL-OILWELL INC		2012-05-10	2015-03-25
	10. NATIONAL-OILWELL INC		2014-05-02	2015-03-25
	24. NETAPP INC		2014-07-11	2015-03-25
	6. NETSUITE INC		2015-01-29	2015-03-25
	16. NORTHERN TR CORP		2014-01-23	2015-03-25
	10. NOVARTIS AG ADR		2011-01-05	2015-03-25
	10. OCCIDENTAL PETROLEUM CORP.		2014-01-31	2015-03-25
	16. OCEANEERING INTERNATIONAL INC		2014-09-30	2015-03-25
	10. PACCAR INC		2012-09-11	2015-03-25
	21. PLAINS GP HOLDINGS LP-CL A		2014-12-15	2015-03-25
	28. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-11-19	2015-03-25
	3. QUALCOMM CORP.		2014-07-24	2015-03-25
	7. QUALCOMM CORP.		2014-07-24	2015-03-25
	5. QUALCOMM CORP.		2013-04-25	2015-03-25
	3. REGIONS FINL CORP NEW		2013-04-23	2015-03-25
	94. REGIONS FINL CORP NEW		2015-01-23	2015-03-25
	15. SALESFORCE COM INC		2009-02-12	2015-03-25
	18. SANOFI-SYNTHELABO		2014-09-24	2015-03-25
	4. SCHLUMBERGER LTD.		2012-01-18	2015-03-25
	9. SCHLUMBERGER LTD.		2003-06-25	2015-03-25
	32. CHARLES SCHWAB CORP.		2013-01-02	2015-03-25
	45. CHARLES SCHWAB CORP.		2010-05-27	2015-03-25
	13. STARBUCKS CORP.		2012-10-26	2015-03-25
	7. STERICYCLE INC		2010-02-04	2015-03-25
	2. STERICYCLE INC		2014-10-02	2015-03-25
	4.00059 SUNCOR ENERGY INC		2014-10-30	2015-03-25
	17.99941 SUNCOR ENERGY INC		2014-10-30	2015-03-25
	30. SUNTRUST BANKS INC.		2013-03-14	2015-03-25
	32. SYNOVUS FINL CORP		2014-12-19	2015-03-25
	17. TEVA PHARMACEUTICAL INDS		2014-01-22	2015-03-25
	11. TRIPADVISOR INC-W/I		2014-12-23	2015-03-25
	22. UNILEVER N V - NY SHARES		2014-12-23	2015-03-25
	23. VISA INC		2013-08-29	2015-03-25
	8. WHOLE FOODS MARKET INC		2013-05-13	2015-03-25
	14. WHOLE FOODS MARKET INC		2014-04-24	2015-03-25
	22. ENSCO PLC		2013-11-29	2015-03-25
	32. GENPACT LTD USD 0.001		2010-03-29	2015-03-25
	16. GARMIN LTD		2015-02-18	2015-03-25
	8. CHECK POINT SOFTWARE TECHNOLOGIES INC		2012-10-23	2015-03-25
	4. NXP SEMICONDUCTORS N V		2015-02-27	2015-03-25
	34. SCHLUMBERGER LTD.		2012-12-14	2015-03-26
	1. GENPACT LTD USD 0.001		2010-03-29	2015-03-30
	14. NORTHERN TR CORP		2014-02-12	2015-03-31
	18. BEST BUY COMPANY INC		2013-02-22	2015-04-01
	10. INFORMATICA CORP		2014-07-31	2015-04-02
	28. CITY NATIONAL CORP		2013-08-27	2015-04-06
	27. INFORMATICA CORP		2014-07-31	2015-04-06
	20. CITY NATIONAL CORP		2013-10-08	2015-04-07
	7. EXPRESS SCRIPTS HLDG CO		2011-02-28	2015-04-09
	28. INFORMATICA CORP		2014-07-31	2015-04-09
	2. GENPACT LTD USD 0.001		2010-03-29	2015-04-10
	1. GENPACT LTD USD 0.001		2010-03-29	2015-04-16
	1. GENPACT LTD USD 0.001		2010-03-29	2015-04-20
	2. GENPACT LTD USD 0.001		2010-03-29	2015-04-22
	14. CHARLES SCHWAB CORP.		2010-10-18	2015-04-23
	10. SUNTRUST BANKS INC.		2013-01-07	2015-04-23
	2. GENPACT LTD USD 0.001		2010-03-29	2015-04-23
	8. APPLE COMPUTER INC.		2011-08-18	2015-04-27
	5. SUNTRUST BANKS INC.		2012-12-19	2015-04-27
	9. SUNTRUST BANKS INC.		2012-12-19	2015-04-28
	1. GENPACT LTD USD 0.001		2010-03-29	2015-04-29
	2. DAVITA INC		2008-01-07	2015-05-06
	4. EXPRESS SCRIPTS HLDG CO		2011-02-28	2015-05-06
	3. GILEAD SCIENCES INC.		2013-11-21	2015-05-06
	3. DAVITA INC		2008-01-07	2015-05-07
	6. EXPRESS SCRIPTS HLDG CO		2011-02-28	2015-05-07
	2. GILEAD SCIENCES INC.		2013-11-21	2015-05-07
	.022 GOOGLE INC		2008-12-03	2015-05-07
	2. DAVITA INC		2008-01-07	2015-05-08
	4. GILEAD SCIENCES INC.		2013-12-16	2015-05-08
	2. GENPACT LTD USD 0.001		2010-03-29	2015-05-08
	7. DAVITA INC		2008-01-07	2015-05-14
	1. GENPACT LTD USD 0.001		2010-03-29	2015-05-14
	6. CHARLES SCHWAB CORP.		2010-10-18	2015-05-19
	1. VISA INC		2013-08-29	2015-05-19
	15. CISCO SYSTEMS		2013-11-14	2015-05-20
	10. MICROSOFT CORP.		2011-03-30	2015-05-20
	7. NOVARTIS AG ADR		2011-01-14	2015-05-20
	23. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-11-07	2015-05-20
	4. CHARLES SCHWAB CORP.		2010-10-18	2015-05-20
	2. VISA INC		2013-08-29	2015-05-20
	13. GAMESTOP CORP NEW		2014-11-25	2015-05-21
	40. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-11-07	2015-05-21
	10. NORTHERN TR CORP		2014-02-10	2015-05-22
	3. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-10-25	2015-05-22
	12. BAXTER INTL. INC.		2014-03-28	2015-05-26
	1. BAXTER INTL. INC.		2014-06-25	2015-05-26
	4. NETAPP INC		2011-11-29	2015-05-26
	40. NETAPP INC		2015-02-12	2015-05-26
	5. CHARLES SCHWAB CORP.		2010-10-18	2015-05-27
	6. CHARLES SCHWAB CORP.		2010-10-18	2015-05-28
	1. INTUITIVE SURGICAL INC		2007-01-16	2015-06-01
	6. BAXTER INTL. INC.		2014-03-28	2015-06-03
	2. GAMESTOP CORP NEW		2014-11-25	2015-06-03
	5. GAMESTOP CORP NEW		2014-03-03	2015-06-03
	7. GAMESTOP CORP NEW		2014-03-03	2015-06-04
	5. GAMESTOP CORP NEW		2014-02-28	2015-06-05
	49. NETAPP INC		2012-01-18	2015-06-05
	3. APPLE COMPUTER INC.		2009-01-16	2015-06-10
	5. GILEAD SCIENCES INC.		2013-12-16	2015-06-10
	4. VISA INC		2013-08-29	2015-06-10
	1. VISA INC		2013-08-29	2015-06-11
	8. WHOLE FOODS MARKET INC		2013-05-07	2015-06-15
	8. WHOLE FOODS MARKET INC		2013-05-07	2015-06-16
	5. WHOLE FOODS MARKET INC		2013-05-07	2015-06-17
	4. VISA INC		2013-08-29	2015-06-18
	4. WHOLE FOODS MARKET INC		2013-05-07	2015-06-18
	2. WHOLE FOODS MARKET INC		2013-05-07	2015-06-19
	7. GAMESTOP CORP NEW		2014-03-27	2015-06-22
	9. WHOLE FOODS MARKET INC		2013-05-07	2015-06-22
	8. NORTHERN TR CORP		2014-02-10	2015-06-23
	13. SUNTRUST BANKS INC.		2012-12-19	2015-06-23
	17. SYNOVUS FINL CORP		2014-10-21	2015-06-23
	3. WHOLE FOODS MARKET INC		2013-05-07	2015-06-24
	19. HOLOGIC INC		2013-04-19	2015-06-25
	3. WHOLE FOODS MARKET INC		2013-05-07	2015-06-25
	22. BAXTER INTL. INC.		2014-04-10	2015-06-26
	14. HOLOGIC INC		2013-04-19	2015-06-26
	6. SALESFORCE COM INC		2009-02-12	2015-07-07
	2. SALESFORCE COM INC		2009-02-12	2015-07-08
	35. BAXTER INTL. INC.		2014-03-14	2015-07-15
	14. BAXTER INTL. INC.		2015-02-20	2015-07-15
	2. ESTEE LAUDER COMPANIES CL A		2012-03-14	2015-07-15
	4. WHOLE FOODS MARKET INC		2013-05-06	2015-07-15
	15. BAXTER INTL. INC.		2014-03-14	2015-07-16
	3. ESTEE LAUDER COMPANIES CL A		2012-03-14	2015-07-16
	6. WHOLE FOODS MARKET INC		2013-05-06	2015-07-16
	14. NORTHERN TR CORP		2011-02-11	2015-07-17
	5. SCHLUMBERGER LTD.		2003-06-25	2015-07-17
	5. SCHLUMBERGER LTD.		2003-06-25	2015-07-20
	3. SCHLUMBERGER LTD.		2003-06-25	2015-07-21
	13. SCHLUMBERGER LTD.		2003-06-25	2015-07-22
	76. COACH INC		2014-06-11	2015-07-23
	10. COACH INC		2014-09-04	2015-07-23
	19. SANOFI-SYNTHELABO		2014-10-07	2015-07-23
	. PROCEEDS FROM SECURITIES LITIGATION			2015-07-23
	. PROCEEDS FROM SECURITIES LITIGATION			2015-07-23
	. PROCEEDS FROM SECURITIES LITIGATION			2015-07-23
	1. GAMESTOP CORP NEW		2014-03-27	2015-07-24
	24. JOY GLOBAL INC		2014-05-27	2015-07-24
	2. AMAZON.COM INC		2015-06-17	2015-07-27
	41. COACH INC		2014-09-04	2015-07-27
	12. JOY GLOBAL INC		2014-05-27	2015-07-27
	55. COACH INC		2014-07-11	2015-07-28
	4. COACH INC		2014-09-03	2015-07-28
	14. JOY GLOBAL INC		2014-03-31	2015-07-28
	7. SCHLUMBERGER LTD.		2003-06-25	2015-07-28
	3. SCHLUMBERGER LTD.		2003-06-25	2015-07-29
	101. ENSCO PLC		2014-02-19	2015-07-29
	65. ENSCO PLC		2014-10-09	2015-07-29
	7. ENSCO PLC		2015-02-27	2015-07-30
	1. SCHLUMBERGER LTD.		2003-06-25	2015-08-03
	4. SCHLUMBERGER LTD.		2003-06-25	2015-08-04
	4. NATIONAL-OILWELL INC		2012-12-21	2015-08-05
	5. SCHLUMBERGER LTD.		2003-06-25	2015-08-05
	26. DISCOVERY COMMUNICAIONS-A		2015-01-07	2015-08-06
	41. DISCOVERY COMMUNICAIONS-A		2015-01-07	2015-08-06
	6. NATIONAL-OILWELL INC		2012-12-21	2015-08-06
	14. SCHLUMBERGER LTD.		2003-06-25	2015-08-06
	1. SCHLUMBERGER LTD.		2003-06-25	2015-08-07
	15. SCHLUMBERGER LTD.		2003-06-25	2015-08-10
	18. DISCOVERY COMMUNICAIONS-A		2015-01-28	2015-08-12
	25. HOLOGIC INC		2013-04-18	2015-08-12
	14. NATIONAL-OILWELL INC		2013-02-22	2015-08-12
	2. WHOLE FOODS MARKET INC		2013-05-06	2015-08-12
	1. GAMESTOP CORP NEW		2014-03-27	2015-08-13
	13. GAMESTOP CORP NEW		2014-03-27	2015-08-14
	52. NETAPP INC		2012-06-27	2015-08-14
	2. WHOLE FOODS MARKET INC		2013-05-06	2015-08-14
	4. WHOLE FOODS MARKET INC		2013-05-06	2015-08-17
	4. WHOLE FOODS MARKET INC		2013-05-06	2015-08-18
	7. WHOLE FOODS MARKET INC		2013-05-06	2015-08-19
	12. JOY GLOBAL INC		2014-03-27	2015-08-20
	50. NETAPP INC		2012-10-16	2015-08-20
	41. CHARLES SCHWAB CORP.		2012-12-19	2015-08-20
	7. SYNOVUS FINL CORP		2014-10-21	2015-08-20
	25. JOY GLOBAL INC		2014-03-24	2015-08-21
	7. NATIONAL-OILWELL INC		2013-02-22	2015-08-21
	7. EXPRESS SCRIPTS HLDG CO		2012-11-08	2015-08-24
	6. GILEAD SCIENCES INC.		2013-12-16	2015-08-24
	25. JOY GLOBAL INC		2014-03-18	2015-08-24
	4. NATIONAL-OILWELL INC		2012-12-31	2015-08-24
	23. WHOLE FOODS MARKET INC		2013-05-03	2015-08-24
	1. AMAZON.COM INC		2015-04-17	2015-08-25
	6. GILEAD SCIENCES INC.		2013-12-13	2015-08-25
	9. NATIONAL-OILWELL INC		2013-02-21	2015-08-25
	5. WHOLE FOODS MARKET INC		2013-05-02	2015-08-25
	18. GILEAD SCIENCES INC.		2013-12-12	2015-08-26
	16. NATIONAL-OILWELL INC		2013-02-21	2015-08-26
	11. NATIONAL-OILWELL INC		2015-02-06	2015-08-26
	28. WHOLE FOODS MARKET INC		2013-05-02	2015-08-26
	25. DISCOVERY COMMUNICAIONS-A		2015-01-28	2015-08-27
	3. GILEAD SCIENCES INC.		2013-12-12	2015-08-27
	6. SYNOVUS FINL CORP		2014-10-21	2015-08-27
	7. WHOLE FOODS MARKET INC		2013-05-01	2015-08-27
	23. DISCOVERY COMMUNICAIONS-A		2015-01-14	2015-08-28
	1. GILEAD SCIENCES INC.		2013-11-15	2015-08-28
	27. SYNOVUS FINL CORP		2014-10-21	2015-08-28
	1. COPA HOLDINGS SA		2015-04-02	2015-08-28
	1. GILEAD SCIENCES INC.		2013-11-15	2015-08-31
	6. WHOLE FOODS MARKET INC		2013-04-30	2015-08-31
	5. GILEAD SCIENCES INC.		2013-11-15	2015-09-01
	4. WHOLE FOODS MARKET INC		2014-10-31	2015-09-01
	4. WHOLE FOODS MARKET INC		2013-04-30	2015-09-01
	8. GILEAD SCIENCES INC.		2013-11-15	2015-09-02
	8. WHOLE FOODS MARKET INC		2014-10-31	2015-09-02
	9. GILEAD SCIENCES INC.		2013-11-13	2015-09-03
	2. WHOLE FOODS MARKET INC		2014-05-07	2015-09-03
	2. WHOLE FOODS MARKET INC		2014-10-30	2015-09-03
	1. COPA HOLDINGS SA		2015-04-02	2015-09-03
	50. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-10-25	2015-09-04
	9. WHOLE FOODS MARKET INC		2014-05-07	2015-09-08
	25. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-08-08	2015-09-09
	8. WHOLE FOODS MARKET INC		2014-05-07	2015-09-09
	6. WHOLE FOODS MARKET INC		2014-05-07	2015-09-09
	7. COPA HOLDINGS SA		2015-04-02	2015-09-11
	8. COPA HOLDINGS SA		2015-04-02	2015-09-15
	4. COPA HOLDINGS SA		2015-04-02	2015-09-16
	9. JOY GLOBAL INC		2014-03-21	2015-09-17
	20. COPA HOLDINGS SA		2015-07-15	2015-09-17
	3. COPA HOLDINGS SA		2015-07-15	2015-09-18
	13. HOLOGIC INC		2013-04-18	2015-09-21
	7. CHARLES SCHWAB CORP.		2010-10-18	2015-09-23
	10. COPA HOLDINGS SA		2015-07-23	2015-09-23
	101. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-10-24	2015-09-24
	14. CHARLES SCHWAB CORP.		2012-12-19	2015-09-25
	29. PLAINS GP HOLDINGS LP-CL A		2015-03-31	2015-09-28
	38. PLAINS GP HOLDINGS LP-CL A		2015-07-29	2015-10-05
	2. APPLE COMPUTER INC.		2009-01-16	2015-10-06
	2. DANAHER CORP		2008-03-18	2015-10-07
	45. PLAINS GP HOLDINGS LP-CL A		2015-07-24	2015-10-07
	2. STERICYCLE INC		2010-02-04	2015-10-07
	2. DANAHER CORP		2008-03-18	2015-10-08
	2. STERICYCLE INC		2010-02-04	2015-10-08
	. PROCEEDS FROM SECURITIES LITIGATION			2015-10-09
	. PROCEEDS FROM SECURITIES LITIGATION			2015-10-09
	6. STARBUCKS CORP.		2012-10-26	2015-10-13
	6. STARBUCKS CORP.		2012-10-26	2015-10-14
	11. OCEANEERING INTERNATIONAL INC		2014-09-19	2015-10-15
	37. JOY GLOBAL INC		2014-10-10	2015-10-23
	21. JOY GLOBAL INC		2014-12-10	2015-10-23
	30. PLAINS GP HOLDINGS LP-CL A		2014-12-15	2015-10-23
	2. AMAZON.COM INC		2015-02-04	2015-10-27
	28. REGIONS FINL CORP NEW		2015-03-26	2015-10-27
	2. FASTENAL CO		2014-09-19	2015-10-28
	38. REGIONS FINL CORP NEW		2015-03-26	2015-10-28
	3. FASTENAL CO		2014-09-19	2015-10-29
	1. FASTENAL CO		2014-09-18	2015-10-29
	11. SANOFI-SYNTHELABO		2014-10-07	2015-10-29
	1. AMAZON.COM INC		2015-01-27	2015-10-30
	2. FASTENAL CO		2014-02-25	2015-10-30
	4. FASTENAL CO		2014-09-18	2015-10-30
	6. GAMESTOP CORP NEW		2014-03-27	2015-10-30
	11. STARBUCKS CORP.		2012-10-26	2015-10-30
	5. FASTENAL CO		2014-07-14	2015-11-02
	3. FASTENAL CO		2014-02-25	2015-11-02
	16. GAMESTOP CORP NEW		2014-02-07	2015-11-02
	9. CHARLES SCHWAB CORP.		2012-12-19	2015-11-03
	34. ABBVIE INC		2015-09-14	2015-11-04
	14. AMERIPRISE FINL INC		2015-06-24	2015-11-04
	14. APPLE COMPUTER INC.		2011-08-08	2015-11-04
	17. BAXALTA INC W I		2015-10-08	2015-11-04
	30. BEST BUY COMPANY INC		2013-02-21	2015-11-04
	40. CISCO SYSTEMS		2013-11-14	2015-11-04
	26. CISCO SYSTEMS		2015-08-25	2015-11-04
	37. COMMSCOPE HOLDING CO INC		2015-01-26	2015-11-04
	27. EBAY INC.		2015-09-28	2015-11-04
	32. FOREST CITY ENTERPRISES INC CL A		2015-01-16	2015-11-04
	23. GAMESTOP CORP NEW		2014-02-07	2015-11-04
	52. GENERAL ELECTRIC CO.		2015-04-17	2015-11-04
	42. HOLOGIC INC		2013-09-24	2015-11-04
	33. J P MORGAN CHASE & CO		2014-10-07	2015-11-04
	14. MERCK & CO INC		2010-04-22	2015-11-04
	8. MICROSOFT CORP.		2011-03-30	2015-11-04
	17. MICROSOFT CORP.		2015-09-18	2015-11-04
	19. MICROCHIP TECHNOLOGY INC		2015-07-30	2015-11-04
	19. MICROCHIP TECHNOLOGY INC		2015-07-30	2015-11-04
	63. MICRON TECHNOLOGY INC		2015-07-15	2015-11-04
	3. NATIONAL-OILWELL INC		2011-09-22	2015-11-04
	6. NATIONAL-OILWELL INC		2015-02-06	2015-11-04
	18. NORTHERN TR CORP		2011-04-12	2015-11-04
	12. NOVARTIS AG ADR		2011-01-14	2015-11-04
	17. OCCIDENTAL PETROLEUM CORP.		2014-02-04	2015-11-04
	29. OCEANEERING INTERNATIONAL INC		2014-09-29	2015-11-04
	16. PACCAR INC		2012-09-11	2015-11-04
	16. PAYPAL HOLDINGS INC W I		2014-12-03	2015-11-04
	15. PHILIP MORRIS INTERNATIONAL		2015-09-09	2015-11-04
	5. PLAINS GP HOLDINGS LP-CL A		2014-12-15	2015-11-04
	11. T. ROWE PRICE GROUP INC		2015-06-23	2015-11-04
	28. QUALCOMM CORP.		2014-08-22	2015-11-04
	158. REGIONS FINL CORP NEW		2013-04-23	2015-11-04
	22. SANOFI-SYNTHELABO		2014-07-31	2015-11-04
	42. CHARLES SCHWAB CORP.		2012-12-19	2015-11-04
	8. CHARLES SCHWAB CORP.		2012-12-19	2015-11-04
	41. SUNCOR ENERGY INC		2014-10-31	2015-11-04
	10. SUNCOR ENERGY INC		2014-11-26	2015-11-04
	40. SUNTRUST BANKS INC.		2013-04-19	2015-11-04
	40. SYNOVUS FINL CORP		2014-10-21	2015-11-04
	31. TEVA PHARMACEUTICAL INDS		2014-02-07	2015-11-04
	18. UNILEVER N V - NY SHARES		2014-10-09	2015-11-04
	17. UNILEVER N V - NY SHARES		2014-12-12	2015-11-04
	17. VIACOM INC NEW		2015-05-28	2015-11-04
	19. W P CAREY INC		2015-08-20	2015-11-04
	19. W P CAREY INC		2015-08-20	2015-11-04
	38. YAHOO! INC		2015-06-05	2015-11-04
	19. MICHAEL KORS HOLDINGS LTD		2015-09-14	2015-11-04
	27. GARMIN LTD		2014-10-02	2015-11-04
	15. GARMIN LTD		2015-02-20	2015-11-04
	14. CHECK POINT SOFTWARE TECHNOLOGIES INC		2012-10-23	2015-11-04
	58. REGIONS FINL CORP NEW		2012-11-06	2015-11-05
	24. CHARLES SCHWAB CORP.		2012-12-19	2015-11-05
	7. CHARLES SCHWAB CORP.		2012-12-19	2015-11-05
	21. CHARLES SCHWAB CORP.		2012-12-19	2015-11-05
	19. GARMIN LTD		2015-04-24	2015-11-09
	2. GARMIN LTD		2014-10-02	2015-11-09
	1. COLFAX CORP		2014-12-23	2015-11-13
	4. COLFAX CORP		2015-03-04	2015-11-16
	12. GAMESTOP CORP NEW		2014-02-06	2015-11-16
	30. PLAINS GP HOLDINGS LP-CL A		2014-12-15	2015-11-16
	3. COLFAX CORP		2015-03-04	2015-11-18
	4. COLFAX CORP		2015-05-22	2015-11-19
	7. SANOFI-SYNTHELABO		2014-07-31	2015-11-19
	9. GARMIN LTD		2015-05-18	2015-11-19
	13. COLFAX CORP		2015-05-27	2015-11-20
	9. SANOFI-SYNTHELABO		2014-08-15	2015-11-20
	8. GARMIN LTD		2015-05-19	2015-11-20
	7. GAMESTOP CORP NEW		2014-02-06	2015-11-23
	7. GAMESTOP CORP NEW		2014-12-23	2015-11-23
	3. COLFAX CORP		2015-03-10	2015-11-24
	4. COLFAX CORP		2015-01-06	2015-11-30
	31. PLAINS GP HOLDINGS LP-CL A		2014-12-12	2015-11-30
	2. COLFAX CORP		2015-01-06	2015-12-01
	3. COLFAX CORP		2015-01-06	2015-12-02
	5. COLFAX CORP		2014-12-16	2015-12-03
	31. PLAINS GP HOLDINGS LP-CL A		2015-07-27	2015-12-04
	2. SANOFI-SYNTHELABO		2014-08-15	2015-12-07
	23. PLAINS GP HOLDINGS LP-CL A		2014-12-16	2015-12-08
	22. SANOFI-SYNTHELABO		2014-08-15	2015-12-11
	2. COLFAX CORP		2014-12-16	2015-12-14
	1. AMAZON.COM INC		2015-01-27	2015-12-15
	1. COLFAX CORP		2014-12-16	2015-12-15
	12. QUALCOMM CORP.		2012-12-14	2015-12-15
	6. COLFAX CORP		2015-03-13	2015-12-16
	2. COLFAX CORP		2014-12-15	2015-12-16
	6. DAVITA INC		2008-01-07	2015-12-17
	5. EXPRESS SCRIPTS HLDG CO		2011-04-26	2015-12-17
	1. FMC TECHNOLOGIES INC		2015-07-21	2015-12-17
	1. COLFAX CORP		2014-12-11	2015-12-18
	1. COLFAX CORP		2014-12-11	2015-12-18
	4. FMC TECHNOLOGIES INC		2015-07-21	2015-12-18
	6. COLFAX CORP		2015-03-25	2015-12-21
	6. FMC TECHNOLOGIES INC		2015-07-21	2015-12-21
	6. APPLE COMPUTER INC.		2009-01-16	2015-12-22
	8. COLFAX CORP		2015-01-09	2015-12-22
	4. FMC TECHNOLOGIES INC		2015-07-20	2015-12-22
	2. INTUITIVE SURGICAL INC		2007-01-16	2015-12-22
	1. COLFAX CORP		2015-01-09	2015-12-23
	3. COLFAX CORP		2015-03-18	2015-12-23
	3. COLFAX CORP		2014-12-12	2015-12-23
	9. FMC TECHNOLOGIES INC		2015-07-22	2015-12-23
	1. COLFAX CORP		2015-01-13	2015-12-29
	2. FMC TECHNOLOGIES INC		2015-07-22	2015-12-29
	5. COLFAX CORP		2014-12-17	2015-12-30
	5. COLFAX CORP		2015-04-08	2015-12-30
	4. FMC TECHNOLOGIES INC		2015-07-22	2015-12-30
	1. COLFAX CORP		2014-12-17	2015-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	110	79	31
b	666	373	293
c	541	384	157
d	667	369	298
e	209	79	130
	107	79	28
	514	287	227
	315	118	197
	105	79	26
	370	205	165
	211	79	132
	209	158	51
	1,120	817	303
	522	287	235
	212	79	133
	413	309	104
	819	489	330
	106	39	67
	5,052	3,144	1,908
	764	705	59
	106	39	67
	601	511	90
	212	79	133
	479	675	-196
	145	205	-60
	203	318	-115
	318	118	200
	59	84	-25
	86	123	-37
	100	159	-59
	2,101	2,902	-801
	343	492	-149
	1,606	1,413	193
	500	501	-1
	56	82	-26
	98	75	23
	307	301	6
	171	245	-74
	198	151	47
	529	501	28
	3,173	2,613	560
	3,261	2,730	531
	202	284	-82
	402	302	100
	502	287	215
	107	100	7
	144	202	-58
	546	758	-212
	117	158	-41
	297	226	71
	1,014	573	441
	108	100	8
	1,072	1,422	-350
	200	151	49
	108	100	8
	704	69	635
	101	100	1
	302	226	76
	901	1,002	-101
	996	1,277	-281
	556	597	-41
	491	377	114
	484	493	-9
	639	236	403
	795	491	304
	525	492	33
	427	157	270
	891	457	434
	315	293	22
	213	79	134
	540	489	51
	106	39	67
	231	56	175
	1,154	915	239
	605	489	116
	106	39	67
	388	94	294
	213	162	51
	202	117	85
	106	39	67
	310	75	235
	725	551	174
	559	306	253
	214	79	135
	107	39	68
	107	39	68
	424	229	195
	441	121	320
	855	313	542
	212	114	98
	283	152	131
	572	413	159
	451	349	102
	721	557	164
	44	32	12
	143	76	67
	931	769	162
	921	494	427
	638	485	153
	639	342	297
	1,350	700	650
	618	298	320
	111	103	8
	273	256	17
	216	204	12
	498	371	127
	392	286	106
	382	358	24
	271	254	17
	101	74	27
	100	73	27
	47	33	14
	101	73	28
	81	24	57
	567	169	398
	47	33	14
	102	73	29
	307	219	88
	823	242	581
	95	66	29
	39		39
	47	33	14
	1,154	278	876
	1,140	277	863
	59	61	-2
	949	984	-35
	1,135	1,098	37
	396	379	17
	1,058	397	661
	175	154	21
	438	214	224
	1,254	563	691
	1,130	104	1,026
	962	1,044	-82
	846	401	445
	396	407	-11
	396	408	-12
	8,000	4,499	3,501
	8,000	3,832	4,168
	1,061	806	255
	538	413	125
	1,020	975	45
	1,062	951	111
	687	529	158
	923	272	651
	1,115	487	628
	982	335	647
	536	541	-5
	583	548	35
	1,031	647	384
	1,517	1,001	516
	595	150	445
	1,186	1,197	-11
	635	695	-60
	169	185	-16
	402	392	10
	802	761	41
	120	112	8
	919	649	270
	576	139	437
	567	138	429
	1,103	725	378
	345	254	91
	1,007	750	257
	1,266	1,250	16
	874	1,318	-444
	1,106	811	295
	1,117	669	448
	651	377	274
	628	390	238
	341	185	156
	523	452	71
	195	248	-53
	488	718	-230
	859	881	-22
	558	627	-69
	1,108	1,001	107
	1,016	578	438
	733	851	-118
	848	1,040	-192
	634	417	217
	589	502	87
	923	910	13
	204	229	-25
	476	533	-57
	340	310	30
	28	24	4
	873	856	17
	992	99	893
	914	1,015	-101
	331	280	51
	743	218	525
	944	472	472
	1,329	750	579
	1,270	594	676
	980	377	603
	280	233	47
	115	139	-24
	517	627	-110
	1,229	876	353
	894	843	51
	1,062	760	302
	925	846	79
	946	876	70
	1,547	1,014	533
	420	378	42
	736	696	40
	471	1,335	-864
	750	526	224
	782	825	-43
	660	344	316
	405	338	67
	2,836	2,243	593
	23	16	7
	979	871	108
	668	306	362
	443	317	126
	2,532	1,890	642
	1,212	857	355
	1,811	1,328	483
	617	389	228
	1,338	888	450
	45	33	12
	23	16	7
	22	16	6
	45	33	12
	428	209	219
	410	288	122
	45	33	12
	1,060	419	641
	205	144	61
	369	259	110
	22	16	6
	163	56	107
	336	222	114
	308	215	93
	245	84	161
	504	334	170
	202	143	59
	12	3	9
	165	56	109
	413	286	127
	46	33	13
	572	195	377
	23	16	7
	191	90	101
	70	44	26
	445	314	131
	474	258	216
	725	403	322
	759	741	18
	127	60	67
	140	88	52
	529	486	43
	1,334	1,265	69
	757	614	143
	99	93	6
	809	877	-68
	67	74	-7
	130	143	-13
	1,298	1,444	-146
	159	75	84
	191	90	101
	504	93	411
	395	439	-44
	88	75	13
	220	186	34
	309	260	49
	221	183	38
	1,660	1,748	-88
	387	35	352
	583	358	225
	278	176	102
	70	44	26
	322	368	-46
	326	368	-42
	204	230	-26
	278	176	102
	164	184	-20
	82	92	-10
	308	254	54
	373	414	-41
	624	461	163
	576	373	203
	523	408	115
	123	138	-15
	716	405	311
	123	138	-15
	1,589	1,566	23
	533	298	235
	419	40	379
	139	13	126
	1,321	1,325	-4
	528	523	5
	179	125	54
	166	183	-17
	567	551	16
	269	187	82
	250	275	-25
	1,090	740	350
	420	121	299
	420	121	299
	253	73	180
	1,108	314	794
	2,360	3,036	-676
	311	374	-63
	1,018	1,040	-22
	74		74
	7		7
	38		38
	47	36	11
	649	1,417	-768
	1,065	809	256
	1,260	1,512	-252
	313	694	-381
	1,703	1,886	-183
	124	146	-22
	366	807	-441
	575	169	406
	251	73	178
	1,822	5,697	-3,875
	1,172	2,804	-1,632
	126	173	-47
	82	24	58
	329	97	232
	163	246	-83
	413	121	292
	749	827	-78
	1,222	1,304	-82
	244	367	-123
	1,166	339	827
	83	24	59
	1,262	363	899
	519	557	-38
	1,041	531	510
	575	856	-281
	68	92	-24
	47	36	11
	614	471	143
	1,596	1,686	-90
	67	92	-25
	134	183	-49
	134	183	-49
	230	321	-91
	299	687	-388
	1,558	1,463	95
	1,326	594	732
	215	168	47
	620	1,414	-794
	264	428	-164
	576	378	198
	605	429	176
	591	1,413	-822
	152	240	-88
	729	1,048	-319
	482	381	101
	635	427	208
	344	540	-196
	163	226	-63
	1,893	1,278	615
	621	909	-288
	427	548	-121
	897	1,257	-360
	676	747	-71
	323	211	112
	180	144	36
	232	312	-80
	625	685	-60
	107	70	37
	813	647	166
	52	98	-46
	106	70	36
	197	265	-68
	515	348	167
	129	157	-28
	129	176	-47
	820	550	270
	258	314	-56
	928	612	316
	65	77	-12
	65	77	-12
	49	98	-49
	1,273	1,544	-271
	292	345	-53
	638	771	-133
	258	307	-49
	196	230	-34
	315	686	-371
	367	784	-417
	183	392	-209
	171	509	-338
	944	1,798	-854
	144	251	-107
	543	276	267
	199	105	94
	446	783	-337
	2,105	3,095	-990
	399	208	191
	492	814	-322
	703	992	-289
	223	23	200
	176	75	101
	864	1,077	-213
	289	108	181
	177	75	102
	290	108	182
	25		25
	34		34
	362	137	225
	355	137	218
	515	715	-200
	645	1,963	-1,318
	366	1,049	-683
	519	717	-198
	1,223	676	547
	258	262	-4
	78	93	-15
	351	356	-5
	117	139	-22
	39	46	-7
	539	587	-48
	628	306	322
	78	92	-14
	157	185	-28
	278	217	61
	690	251	439
	196	230	-34
	118	138	-20
	740	568	172
	284	131	153
	2,169	1,995	174
	1,624	1,741	-117
	1,710	690	1,020
	591	531	60
	1,033	497	536
	1,138	837	301
	739	651	88
	1,197	800	397
	791	743	48
	743	778	-35
	1,078	816	262
	1,533	1,417	116
	1,655	860	795
	2,173	1,955	218
	777	466	311
	436	206	230
	926	741	185
	930	817	113
	930	814	116
	1,094	1,223	-129
	119	146	-27
	238	299	-61
	1,299	945	354
	1,078	681	397
	1,285	1,383	-98
	1,311	1,875	-564
	843	665	178
	601	531	70
	1,320	1,193	127
	65	120	-55
	839	839
	1,686	1,807	-121
	1,512	1,211	301
	1,099	1,168	-69
	1,326	609	717
	253	116	137
	1,237	1,441	-204
	302	348	-46
	1,709	1,134	575
	1,280	953	327
	1,906	1,377	529
	814	700	114
	768	671	97
	812	967	-155
	1,221	1,135	86
	1,221	1,134	87
	1,330	1,628	-298
	803	808	-5
	985	1,344	-359
	547	752	-205
	1,172	595	577
	564	394	170
	759	349	410
	221	102	119
	664	304	360
	708	884	-176
	75	99	-24
	26	53	-27
	106	209	-103
	453	425	28
	369	717	-348
	79	156	-77
	106	208	-102
	310	372	-62
	333	415	-82
	351	660	-309
	400	473	-73
	300	367	-67
	249	248	1
	249	244	5
	81	147	-66
	109	194	-85
	381	572	-191
	54	97	-43
	82	145	-63
	134	242	-108
	315	734	-419
	87	105	-18
	206	540	-334
	921	1,153	-232
	47	97	-50
	664	306	358
	23	48	-25
	584	551	33
	142	290	-148
	47	97	-50
	409	167	242
	435	269	166
	29	37	-8
	22	48	-26
	22	48	-26
	114	146	-32
	133	287	-154
	172	219	-47
	643	69	574
	180	381	-201
	116	146	-30
	1,082	186	896
	24	48	-24
	71	142	-71
	71	142	-71
	265	313	-48
	23	47	-24
	59	67	-8
	117	233	-116
	117	234	-117
	117	134	-17
	24	47	-23
			17,204

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			31
b			293
c			157
d			298
e			130
			28
			227
			197
			26
			165
			132
			51
			303
			235
			133
			104
			330
			67
			1,908
			59
			67
			90
			133
			-196
			-60
			-115
			200
			-25
			-37
			-59
			-801
			-149
			193
			-1
			-26
			23
			6
			-74
			47
			28
			560
			531
			-82
			100
			215
			7
			-58
			-212
			-41
			71
			441
			8
			-350
			49
			8
			635
			1
			76
			-101
			-281
			-41
			114
			-9
			403
			304
			33
			270
			434
			22
			134
			51
			67
			175
			239
			116
			67
			294
			51
			85
			67
			235
			174
			253
			135
			68
			68
			195
			320
			542
			98
			131
			159
			102
			164
			12
			67
			162
			427
			153
			297
			650
			320
			8
			17
			12
			127
			106
			24
			17
			27
			27
			14
			28
			57
			398
			14
			29
			88
			581
			29
			39
			14
			876
			863
			-2
			-35
			37
			17
			661
			21
			224
			691
			1,026
			-82
			445
			-11
			-12
			3,501
			4,168
			255
			125
			45
			111
			158
			651
			628
			647
			-5
			35
			384
			516
			445
			-11
			-60
			-16
			10
			41
			8
			270
			437
			429
			378
			91
			257
			16
			-444
			295
			448
			274
			238
			156
			71
			-53
			-230
			-22
			-69
			107
			438
			-118
			-192
			217
			87
			13
			-25
			-57
			30
			4
			17
			893
			-101
			51
			525
			472
			579
			676
			603
			47
			-24
			-110
			353
			51
			302
			79
			70
			533
			42
			40
			-864
			224
			-43
			316
			67
			593
			7
			108
			362
			126
			642
			355
			483
			228
			450
			12
			7
			6
			12
			219
			122
			12
			641
			61
			110
			6
			107
			114
			93
			161
			170
			59
			9
			109
			127
			13
			377
			7
			101
			26
			131
			216
			322
			18
			67
			52
			43
			69
			143
			6
			-68
			-7
			-13
			-146
			84
			101
			411
			-44
			13
			34
			49
			38
			-88
			352
			225
			102
			26
			-46
			-42
			-26
			102
			-20
			-10
			54
			-41
			163
			203
			115
			-15
			311
			-15
			23
			235
			379
			126
			-4
			5
			54
			-17
			16
			82
			-25
			350
			299
			299
			180
			794
			-676
			-63
			-22
			74
			7
			38
			11
			-768
			256
			-252
			-381
			-183
			-22
			-441
			406
			178
			-3,875
			-1,632
			-47
			58
			232
			-83
			292
			-78
			-82
			-123
			827
			59
			899
			-38
			510
			-281
			-24
			11
			143
			-90
			-25
			-49
			-49
			-91
			-388
			95
			732
			47
			-794
			-164
			198
			176
			-822
			-88
			-319
			101
			208
			-196
			-63
			615
			-288
			-121
			-360
			-71
			112
			36
			-80
			-60
			37
			166
			-46
			36
			-68
			167
			-28
			-47
			270
			-56
			316
			-12
			-12
			-49
			-271
			-53
			-133
			-49
			-34
			-371
			-417
			-209
			-338
			-854
			-107
			267
			94
			-337
			-990
			191
			-322
			-289
			200
			101
			-213
			181
			102
			182
			25
			34
			225
			218
			-200
			-1,318
			-683
			-198
			547
			-4
			-15
			-5
			-22
			-7
			-48
			322
			-14
			-28
			61
			439
			-34
			-20
			172
			153
			174
			-117
			1,020
			60
			536
			301
			88
			397
			48
			-35
			262
			116
			795
			218
			311
			230
			185
			113
			116
			-129
			-27
			-61
			354
			397
			-98
			-564
			178
			70
			127
			-55

			-121
			301
			-69
			717
			137
			-204
			-46
			575
			327
			529
			114
			97
			-155
			86
			87
			-298
			-5
			-359
			-205
			577
			170
			410
			119
			360
			-176
			-24
			-27
			-103
			28
			-348
			-77
			-102
			-62
			-82
			-309
			-73
			-67
			1
			5
			-66
			-85
			-191
			-43
			-63
			-108
			-419
			-18
			-334
			-232
			-50
			358
			-25
			33
			-148
			-50
			242
			166
			-8
			-26
			-26
			-32
			-154
			-47
			574
			-201
			-30
			896
			-24
			-71
			-71
			-48
			-24
			-8
			-116
			-117
			-17
			-23

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	65,063
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	70,000	1,546,482	0.045264
2013	64,318	1,435,166	0.044816
2012	64,146	1,318,571	0.048648
2011	59,022	1,318,041	0.04478
2010	51,000	1,190,060	0.042855

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

20.226363

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 . . .

0.045273

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

1,522,384

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

68,923

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

722

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

69,645

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

74,380

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	722
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	722
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	722
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	2,196
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,196
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,474
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax724	Refunded	11	750

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

BROWN ADVISORY Telephone no. bullet

(410) 537-5484

Located at bullet

901 S BOND STBALTIMOREMD ZIP+4 bullet

21231

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
BROWN INVESTMENT ADVISORY	TRUSTEE 0	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 0	0

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


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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

1,462,588

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

82,980

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

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

1,545,568

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

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

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

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

1,545,568

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

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

23,184

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

1,522,384

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

76,119

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

76,119

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

722

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

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

722

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

75,397

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

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

75,397

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

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

75,397

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 ..........

74,380

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

74,380

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

722

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

73,658

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					75,397
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				74,380
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 74,380
a Applied to 2014, but not more than line 2a				74,380
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.....					0
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					75,397
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
VIRGINIA TECH FOUNDATION MARION DUPONT SCOTT EQUINE MED CTR PO BOX 1938 LEESBURG,VA20177	N/A	PUBLIC CHARITY	GENERAL	74,380
Total ................................. 3a				74,380

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 ...........
4 Dividends and interest from securities....			14	22,281
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	65,063
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)..				87,344

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

1387,344

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCKS	273,804	410,008
EQUITY MUTUAL FUNDS	498,992	629,138
FOREIGN STOCKS	44,252	52,763

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES-PRIN	9,534	9,534
INVESTMENT FEES-INCOME	4,843	4,843

Category	Amount	Net Investment Income
FOREIGN TAXES	288	288
QUARTERLY TAX DEPOSIT	1,885	0
FOREIGN TAXES ON QUALIFIED FOR	239	239
FOREIGN TAXES ON NONQUALIFIED	38	38