Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
Meritage Cares 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

46-5059067
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$272,967J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 50,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 58 58  
4 Dividends and interest from securities... 8,370 8,370  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,940
b Gross sales price for all assets on line 6a 263,783
7 Capital gain net income (from Part IV, line 2)... 6,940
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........ 65,368 15,368  
Operating and Administrative Expenses 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).... Click to see attachment 3,054 3,054    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 57      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 20,101 91   20,010
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 23,212 3,145   20,010
25 Contributions, gifts, grants paid....... 176,500 176,500
26 Total expenses and disbursements. Add lines 24 and 25 199,712 3,145   196,510
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -134,344
b Net investment income (if negative, enter -0-) 12,223
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 46,412 43,112 43,112
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 101,589 Click to see attachment54,155 53,273
b Investments—corporate stock (attach schedule)....... 194,481 Click to see attachment121,838 116,309
c Investments—corporate bonds (attach schedule)....... 72,339 Click to see attachment61,372 60,273
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 414,821 280,477 272,967
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 414,821 280,477
30 Total net assets or fund balances (see instructions)..... 414,821 280,477
31 Total liabilities and net assets/fund balances (see instructions). 414,821 280,477
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
414,821
2
Enter amount from Part I, line 27a .....................
2
-134,344
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
280,477
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
280,477
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 263,783   256,843 6,940
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       6,940
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 6,940
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 88,033 429,995 0.20473
2013 0 0 0.0
2012 0 0 0.0
2011 0 0 0.0
2010 0 0 0.0
2
Total of line 1, column (d) .....................
20.20473
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.20473
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
367,768
5
Multiply line 4 by line 3......................
5
75,293
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
122
7
Add lines 5 and 6........................
7
75,415
8
Enter qualifying distributions from Part XII, line 4.............
8
196,510
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 122
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 122
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- ..... 5 122
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 122
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see attachment
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletAZ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Steven J Hilton Pres / Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside RD
    Wilmington,DE198091377
    Hilla Sferruzza Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside RD
    Wilmington,DE198091377
    C Timothy White VP / Dir / Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside RD
    Wilmington,DE198091377
    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...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    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)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    312,777
    b
    Average of monthly cash balances.......................
    1b
    60,592
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    373,369
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    373,369
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,601
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    367,768
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    18,388
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    18,388
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    122
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    122
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    18,266
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    18,266
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    18,266
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    196,510
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    196,510
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    122
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    196,388
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 18,266
    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...... 70,242
    fTotal of lines 3a through e........ 70,242
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 196,510
    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..... 18,266
    e Remaining amount distributed out of corpus 178,244
    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 5 248,486
    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 ......     		248,486
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014.... 70,242
    e Excess from 2015.... 178,244
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    100 CLUB OF ARIZONA
    333 N 44TH ST STE 100
    PHOENIX,AZ85008     		N/A PC General & Unrestricted 2,500
    AMERICAN DIABETES ASSOCIATION INC
    PO BOX 1834
    MERRIFIELD,VA22116     		N/A PC General & Unrestricted 2,500
    ARIZONA FRIENDS OF FOSTER CHILDREN FOUNDATION
    1645 E MISSOURI AVE STE 450
    PHOENIX,AZ85016     		N/A PC General & Unrestricted 3,750
    BOYS HOPE GIRLS HOPE
    3443 N CENTRAL AVE STE 713
    PHOENIX,AZ85012     		N/A PC General & Unrestricted 2,500
    CAPITAL AREA FOOD BANK OF TEXAS INC
    8201 S CONGRESS AVE
    AUSTIN,TX78745     		N/A PC General & Unrestricted 2,500
    CARITAS OF AUSTIN
    611 NECHES ST
    AUSTIN,TX78701     		N/A PC General & Unrestricted 2,500
    CASA DE LOS NINOS INC
    1101 N 4TH AVE
    TUCSON,AZ85705     		N/A PC General & Unrestricted 5,000
    CHILDREN IN NEED OF HUGS
    274 E SUNSET AVE PMB 201
    SUISUN CITY,CA94585     		N/A PC General & Unrestricted 2,500
    CHILDRENS HOME INC
    10909 MEMORIAL HWY
    TAMPA,FL33615     		N/A PC General & Unrestricted 5,000
    CHILDRENS MUSEUM INC
    1500 BINZ ST
    HOUSTON,TX77004     		N/A PC General & Unrestricted 3,500
    COLLEGE SUCCESS ARIZONA
    4040 E CAMELBACK RD STE 220
    PHOENIX,AZ85018     		N/A PC Charitable Event 5,000
    COMMUNITIES IN SCHOOLS OF SAN ANTONIO
    1616 E COMMERCE ST BLDG 1
    SAN ANTONIO,TX78205     		N/A PC Backpack Buddies/School Supply Drive Program 500
    COMMUNITY FOOD BANK INC
    3003 S COUNTRY CLUB RD
    TUCSON,AZ85713     		N/A PC General & Unrestricted 5,000
    CROSS TRAIL OUTFITTERS INC
    10814 WINTER CRK
    SAN ANTONIO,TX78254     		N/A PC General & Unrestricted 2,500
    DENVER RESCUE MISSION
    3501 E 46TH AVE
    DENVER,CO80216     		N/A PC General & Unrestricted 2,500
    DIAKONOS INC
    PO BOX 5217
    STATESVILLE,NC28687     		N/A PC Fifth Street Ministries 1,000
    ELF LOUISE INC
    PO BOX 39107
    SAN ANTONIO,TX78218     		N/A PC General & Unrestricted 2,500
    FAMILY SERVICE ASSOCIATION
    702 SAN PEDRO AVE
    SAN ANTONIO,TX78212     		N/A PC Adopt a Family Christmas Event Program 2,500
    FATHER FLANAGANS BOYS HOME
    975 OKLAHOMA ST
    OVIEDO,FL32765     		N/A PC Boys Town Central Florida Program 5,000
    FRIENDS OF THE ISRAEL DEFENSE FORCES
    1430 BROADWAY
    NEW YORK,NY10018     		N/A PC IMPACT! Scholarship Fund 5,000
    FRISCO FAMILY SERVICES CENTER
    PO BOX 1387
    FRISCO,TX75034     		N/A PC Holiday Toy Drive Program 2,500
    GABRIELS ANGELS
    727 E BETHANY HOME RD
    PHOENIX,AZ85014     		N/A PC Charitable Event 3,000
    HABITAT FOR HUMANITY OF DURHAM INC
    215 N CHURCH ST
    DURHAM,NC27701     		N/A PC New Home Construction Program 5,000
    HICKORY RIDGE MIDDLE SCHOOL PTO
    7336 RAGING RIDGE RD
    HARRISBURG,NC28075     		N/A PC Exceptional Children Department 2,000
    JOHN C LINCOLN HEALTH FOUNDATION
    2500 W UTOPIA RD STE 100
    PHOENIX,AZ85027     		N/A PC General & Unrestricted 5,000
    KITCHEN ON THE STREET INC
    2650 E MOHAWK BLDG 3 STE 168
    PHOENIX,AZ85050     		N/A PC General & Unrestricted 1,250
    LIFEWORKS
    3700 S 1ST ST
    AUSTIN,TX78704     		N/A PC General & Unrestricted 2,500
    MIRACLE HILL MINISTRIES INC
    PO BOX 2546
    GREENVILLE,SC29602     		N/A PC General & Unrestricted 5,000
    MIRACLE HILL MINISTRIES INC
    PO BOX 2546
    GREENVILLE,SC29602     		N/A PC Shepard's Gate Capital Project for Playground 3,000
    NORTH TEXAS FOOD BANK
    4500 S COCKRELL HILL RD
    DALLAS,TX75236     		N/A PC Holiday Food Drive Program 2,500
    RONALD MCDONALD HOUSE CHARITIES OF CENTRAL TEXAS
    1315 BARBARA JORDAN BLVD
    AUSTIN,TX78723     		N/A PC General & Unrestricted 2,500
    RONALD MCDONALD HOUSE CHARITIES OF SAN ANTONIO TEX
    4803 SID KATZ DR
    SAN ANTONIO,TX78229     		N/A PC General & Unrestricted 2,500
    RONALD MCDONALD HOUSE CHARITIES OF TAMPA BAY INC
    BAY INC 28 COLUMBIA DR
    TAMPA,FL33606     		N/A PC General & Unrestricted 4,000
    RONALD MCDONALD HOUSE OF CHARLOTTE INC
    101 N TRYON ST STE 1900
    CHARLOTTE,NC28246     		N/A PC General & Unrestricted 1,000
    SAFEQUEST SOLANO
    1049 UNION AVE
    FAIRFIELD,CA94533     		N/A PC General & Unrestricted 2,500
    SAINT SPYRIDON GREEK ORTHODOX CHURCH
    807 W 29TH ST
    LOVELAND,CO80538     		N/A PC Charitable Event 2,500
    SAN ANTONIO FOOD BANK INC
    5200 OLD HWY 90 W
    SAN ANTONIO,TX78227     		N/A PC General & Unrestricted 2,500
    SAVE THE FAMILY FOUNDATION OF ARIZONA
    125 E UNIVERSITY DR
    MESA,AZ85201     		N/A PC General & Unrestricted 1,250
    SECOND HARVEST FOOD BANK OF METROLINA INC
    500 SPRATT ST STE B
    CHARLOTTE,NC28206     		N/A PC General & Unrestricted 1,000
    SHELTER PROVIDERS OF SACRAMENTO INC
    1536 EUREKA RD
    ROSEVILLE,CA95661     		N/A PC General & Unrestricted 5,000
    SILVER LINING RIDING PROGRAM
    18330 N 79TH AVE APT 3116
    GLENDALE,AZ85308     		N/A PC General & Unrestricted 2,500
    SOJOURNER CENTER
    PO BOX 20156
    PHOENIX,AZ85036     		N/A PC General & Unrestricted 1,250
    SPECIAL OLYMPICS ARIZONA INC
    2100 S 75TH AVE
    PHOENIX,AZ85043     		N/A PC Charitable Event 2,500
    ST PETER-ST JOSEPH CHILDRENS HOME
    919 MISSION RD
    SAN ANTONIO,TX78210     		N/A PC Wish List Christmas Event Program 2,500
    STAND FOR CHILDREN LEADERSHIP CENTER
    1732 NW QUIMBY ST STE 200
    PORTLAND,OR97209     		N/A PC Stand For Children Arizona Division 5,000
    SUPPORTING ADOPTION & FOSTER FAMILIES TOGETHER INC
    608 VETERANS MEMORIAL BLVD
    CUMMING,GA30040     		N/A PC General & Unrestricted 7,500
    TENNYSON CENTER FOR CHILDREN AT COLORADO CHRISTIAN
    2950 TENNYSON ST
    DENVER,CO80212     		N/A PC General & Unrestricted 2,500
    TEXAS LIFE WARRIORS
    30335 LEGACY PINES DR
    SPRING,TX77386     		N/A PC Transplant Games of America Program 2,500
    THE SALVATION ARMY
    7361 AIRLINE HWY
    BATON ROUGE,LA70805     		N/A PC Nashville, TN Area Command Project 5,000
    TRAVIS COUNTY DOMESTIC VIOLENCE AND SEXUAL ASSAULT
    PO BOX 19454
    AUSTIN,TX78760     		N/A PC Safe Place Division 2,500
    UNITED STATES CATHOLIC CONFERENCE
    1115 MISSION RD
    SAN ANTONIO,TX78210     		N/A PC Seton Home for Pregnant Women Program 2,500
    UNIVERSITY OF ARIZONA FOUNDATION
    1111 N CHERRY AVE
    TUCSON,AZ85721     		N/A PC Eller College of Management/Meritage Homes Real Estate Challenge 15,000
    WORKING WARDROBES FOR A NEW START
    3030 PULLMAN ST STE A
    COSTA MESA,CA92626     		N/A PC Luncheon Program 5,000
    Total .................................bullet 3a 176,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 58  
    4 Dividends and interest from securities....     14 8,370  
    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 6,940  
    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)..   15,368  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1315,368
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet 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
    Meritage Cares Foundation
     
    Employer identification number

    46-5059067
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    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
    Special Rules
    ......... 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
    Meritage Cares Foundation
          		Employer identification number
    46-5059067
    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
     
     

    Meritage Homes Corporation  
    8800 East Raintree Drive
     
    Scottsdale, AZ85260

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (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
    Meritage Cares Foundation
          		Employer identification number

    46-5059067
    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
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    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
    Meritage Cares Foundation
          		Employer identification number

    46-5059067
    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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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:  

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

    TY 2015 DepreciationSchedule
    Name:
    Meritage Cares Foundation
    EIN:
    46-5059067
    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

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Meritage Cares Foundation
    EIN:
    46-5059067
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ACTAVIS FUNDING SCS NOTE - 2.3 4,034 4,000
    AIG BOND - 3.750% - 07/10/2025 4,051 3,964
    AMERICAN EXPRESS - 2.250% - 08 4,031 4,001
    APPLE INC - 1.000% - 05/03/201 3,905 3,968
    COMCAST CORP NOTES - 5.150% - 3,429 3,352
    CVS CAREMARK - 5.750% - 06/01/ 3,402 3,176
    ENTERPRISE PRODUCTS - 0.034% - 1,926 1,809
    GENERAL ELEC CAP CORP - 5.300% 3,399 3,383
    GILEAD SCIENCES INC - 3.700% - 2,034 2,049
    GOLDMAN SACHS GROUP INC - 1.46 4,063 4,018
    HSBC HLDGS PLC SR GLBL NT - 4. 2,105 2,100
    JP MORGAN CHASE & CO - 3.625% 3,010 3,044
    MERRILL LYNCH MTN BE - 6.400% 3,445 3,221
    RIO TINTO FIN USA PLC - 1.625% 4,027 3,943
    TIME WARNER INC - 4.750% - 03/ 2,219 2,150
    U S BANCORP - 1.950% - 11/15/2 4,056 4,024
    VERIZON COMMUNICATIONS - 3.500 4,124 3,951
    WELLS FARGO CO - 3.500% - 03/0 4,112 4,120

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Meritage Cares Foundation
    EIN:
    46-5059067
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AARON'S INC 396 269
    ADT LTD 477 462
    AECOM TECHNOLOGY CORPORATION 365 330
    AES CORP 294 297
    AETNA INC 207 324
    AGCO CP 432 363
    AIA GROUP LTD 942 1,133
    ALLERGAN PLC 822 1,250
    ALLIANZ SE 957 1,004
    AMC NETWORKS INC 265 299
    AMERICAN CAPITAL LTD 487 455
    AMERIPRISE FINANCIAL INC 320 319
    ANADARKO PETROLEUM CORP 2,273 1,215
    ANHEUSER BUSCH COS INC 649 750
    ANNALY MTG MGMT INC. 879 732
    ARM HOLDINGS PLC 870 814
    ARROW ELECTRONICS INC 537 488
    ASCENA RETAIL GROUP, INC 1,057 670
    ASSURED GUARANTY LTD 675 740
    AT&T, INC 269 275
    ATLAS COPCO AB A SHS 527 440
    AUTODESK, INC 724 914
    AVNET INC 306 300
    AXALTA COATING SYSTEMS LTD 578 560
    BAIDU.COM - ADR 987 945
    BANCO BILBAO ARG SA 568 337
    BANCO ITAU HOLDING FINANCIERA 721 430
    BANK NEW YORK MELLON CORP 314 330
    BAYERISCHE MOTOREN WERKE 811 663
    BB&T CP 335 340
    BECTON DICKINSON & CO 567 770
    BERKLEY W R CP 330 329
    BEST BUY INC 492 426
    BG GROUP PLC ADS 773 682
    BOEING CO 269 289
    BROADCOM CORPORATION 517 983
    BUNGE LTD 700 615
    CANADIAN NATL RAILWAY CO 638 615
    CAPITAL ONE FINANCIAL CORP 317 289
    CBS CORP CL B 722 801
    CHESAPEAKE ENERGY CORPORATION 293 284
    CHICOS FAS INC 573 373
    CINCINNATI FINANCIAL CORP 324 355
    CITRIX SYSTEMS INC 466 605
    CIVEO CORPORATION 364 77
    COLOPLAST AS ADR 159 186
    COMCAST CORP 1,712 1,918
    CONVERGYS CP 325 348
    CORNING INC 466 402
    CREE, INC 594 320
    CSL LTD 537 651
    CVS CAREMARK CORP 292 391
    DARDEN RESTAURANTS INC 299 318
    DASSAULT SYS SA SPN ADR 1,043 1,362
    DBS GROUP HLDGS SPON ADR 481 420
    DICE HOLDINGS, INC 401 495
    DISCOVERY COMMUNICATIONS CL A 438 400
    DOLBY LABORATORIES 395 303
    DOMTAR LTD 364 296
    DOW CHEMICAL PV 306 309
    DST SYS INC. 479 570
    E*TRADE FINANCIAL CORP 903 1,245
    EASTMAN CHEMICAL CO 444 338
    ENDURANCE SPCLTY HLDGS LTD 731 896
    ENPRO INDUSTRIES INC 705 658
    ENSCO PLC 454 200
    ENSTAR GROUP INC 678 750
    ENTERGY CORP 377 342
    EVEREST RE GROUP LTD 321 366
    EXELON CORPORATION 338 278
    EXPRESS SCRIPTS HOLDING CO 338 350
    FANUC LIMITED UNSPONSORED 994 951
    FIDELITY NATIONAL INFORMATION 637 727
    FIFTH THIRD BANCORP 311 302
    FIRST SOLAR INC 336 462
    FIRSTMERIT CORPORATION 336 298
    FLUOR CORP 1,478 897
    FOOT LOCKER INC N.Y. 414 586
    FORD MOTOR COMPANY 312 296
    FREEPORT-MCMORAN COPPER & GOLD 935 460
    FRESENIUS MED CAR AG 446 544
    FUCHS PETROLUB SE 403 408
    GAMESTOP CORP 365 252
    GENERAL MOTORS 321 340
    GENTEX CORPORATION 724 752
    GOODYEAR TIRE & RUBBER COMPANY 352 359
    GRIFOLS SA REP 1/2 CL B 312 292
    HANOVER INS GROUP 368 407
    HARRIS CORP DEL 320 348
    HARTFORD FINANCIALSERVICES GRO 327 304
    HERTZ GLOBAL HOLDINGS INC 901 583
    HESS CORP 350 242
    HOLLYFRONTIER CORP 305 239
    HUNTINGTON BANCSHARES INC 319 321
    ICICI BK LTD ADS 643 572
    II VI INC 383 483
    IMMUNOGEN, INC 347 353
    IMPERIAL OIL LMT 430 293
    INGRAM MICRO INC - CL A 323 365
    INGREDION INC 325 383
    INTEL CORP 308 345
    INTERPUBLIC GROUP OF COS 657 838
    IONIS PHARMACEUTICALS INC 127 310
    JACOBS ENGINEERNG GP 974 965
    JETBLUE AIRWAYS CORP 149 272
    JGC CORP ADR 734 336
    JP MORGAN CHASE 401 396
    JUNIPER NETWORKS 327 386
    KNOWLES CORPORATION 1,065 520
    KOHLS CORP 659 476
    KONE OYJ ADR B SHS 462 420
    L'AIR LIQUIDE ADR OTC 934 830
    L'OREAL ADR 778 776
    L-3 COMMUNICATIONS CORP 1,058 1,076
    LABORATORY CORP AMER HLDGS 1,050 1,236
    LEUCADIA NATL CORP 1,832 1,373
    LIBERTY BROADBAND CORP (LBRDA) 44 52
    LIBERTY BROADBAND CORP (LBRDK) 86 104
    LIBERTY INTERACTIVE CORPORATIO 603 656
    LIBERTY MEDIA CORPORATION 252 305
    LIBERTY MEDIA CORPORATION 132 157
    LIBERTY VENTURES 93 135
    LINCOLN NATIONAL CORP 1,092 1,106
    LINDE AG SPONSORED ADR 341 260
    LVMH MOET HENN UNSP 394 315
    LYONDELLBASELL INDUSTRIES NV 356 348
    MACY'S INC 461 280
    MANPOWER GROUP INC 344 337
    MARATHON PETROLEUM CORP 272 311
    MARKEL CORP 616 883
    MEDTRONIC PLC 462 462
    MEREDITH CORP 284 260
    MICROSTRATEGY INCORPORATED 333 538
    MITSUBISHI ESTATE CO ADR 361 332
    MONOTARO CO., LTD 147 361
    MORGAN STANLEY 340 318
    MTN GROUP LTD SPON ADR 586 237
    NASDAQ OMX GROUP 255 407
    NASPERS LTD N SPONS ADR 411 409
    NATL OILWELL VARCO 1,186 536
    NCR CP 740 563
    NESTLE S.A 1,140 1,116
    NEWS CORP LTD ADR 1,086 1,005
    NOBLE CORPORATION 709 580
    NORTHROP GRUMMAN CORP 244 378
    NOVO NORDISK A S 498 639
    NOW INC 528 285
    NUANCE COMMUNICATIONS, INC 288 358
    NUCOR CP 1,157 887
    OMNICOM GROUP 1,310 1,437
    ORBIAL ATK, INC 327 447
    PACWEST BANCORP 324 302
    PENTAIR INC. 677 446
    PHILLIPS 66 311 327
    PITNEY BOWES INC 305 310
    PNC FINANCIAL GROUP INC 339 381
    PROGRESSIVE CORP OHIO 312 350
    BIOGEN INC 1,787 1,837
    PUBLIC SVC ENTERPRISE GROUP IN 342 310
    PVH CORP 348 221
    RAYONIER ADVANCED MATERIALS IN 638 176
    RAYTHEON CO 301 374
    REINSURANCE GROUP AMER INC 313 342
    RELIANCE STL & ALMN 395 347
    ROCHE HOLDING LTD ADR 1,141 1,103
    ROWAN CO PLC 294 288
    RYMAN HOSPITALITY PROPERTIES 742 826
    SANDISK CORP 882 912
    SANDS CHINA LTD UNSP ADR 809 408
    SAP AKTIENGESELL ADS 950 949
    SASOL LTD 484 295
    SCHLUMBERGER LTD 942 698
    SEAGATE TECHNOLOGY 1,749 1,282
    SONOCO PRODUCTS COMPANY 501 490
    SONOVA HOLDING AG AD 400 354
    SOUTHWESTERN ENERGY 169 220
    STARZ 159 168
    STEEL DYNAMICS INC 322 268
    SUNTRUST BKS INC 429 471
    SVENSKA HANDELSBK UNS ADR 362 290
    SYMANTEC CORP 434 441
    SYMRISE AG UNSPONSORED 341 412
    SYNOVUS FINL CP 310 389
    SYSMEX CORP UNSP ASDR 450 937
    T. ROWE PRICE ASSOCIATES 837 786
    TAIWAN SEMICONDUCTOR MFG CO LT 1,077 1,206
    TARGET CORPORATION 313 290
    TE CONNECTIVITY LTD 1,089 1,163
    TEGNA 310 281
    TESORO CORP 224 211
    TETRA TECH INC 608 651
    THOR INDS INC 290 281
    TORCHMARK CORP 343 343
    TRAVELERS COMPANIES INC 394 451
    TURKIYE GARANTI BANK 431 286
    TWITTER INC 607 555
    TYCO INTERNATIONAL LTD 1,104 829
    UNICHARM CORP - SPN ADR 659 730
    UNILEVER PLC AMER 533 517
    UNITEDHEALTH GROUP INC 1,357 2,117
    UNIVERSAL HLTH SVC B 231 358
    UNUM CORP 339 333
    VALERO ENERGY CORP 244 354
    VERIZON COMMUNICATIONS 348 324
    VERTEX PHARMCTLS INC 333 629
    VIACOM INC. CL B 590 288
    WAL-MART STORES INC 298 307
    WEATHERFORD INTL 2,616 1,217
    WELLS FARGO & CO 495 544
    WESTERN DIGITAL CORP 590 540
    WESTERN UNION CO 488 555
    WHIRLPOOL CORP 348 294
    WILLIS GROUP HOLDINGS LTD 1,113 1,262
    WPP GROUP PLC 961 1,033
    XEROX CP 444 393
    ZIMMER BIOMET HOLDINGS 983 1,026

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    Meritage Cares Foundation
    EIN:
    46-5059067
    US Government Securities - End of Year Book Value:

    54,155
    US Government Securities - End of Year Fair Market Value:

    53,273
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2015 LiquidationExplanationStmt
    Name:
    Meritage Cares Foundation
    EIN:
    46-5059067
    Statement:
    This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2015, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $176,500. This amount represents over 25% of the Foundation's net assets of $421,506 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2015. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.


    TY 2015 OtherExpensesSchedule
    Name:
    Meritage Cares Foundation
    EIN:
    46-5059067
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 20,000     20,000
    Bank Charges 91 91    
    State or Local Filing Fees 10     10


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Meritage Cares Foundation
    EIN:
    46-5059067
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 3,054 3,054    


    TY 2015 TaxesSchedule
    Name:
    Meritage Cares Foundation
    EIN:
    46-5059067
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Excise Tax for 2014 57