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
FREAS FND 1871001360
 
Number and street (or P.O. box number if mail is not delivered to street address)1340 BROADCASTING ROAD SUITE 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WYOMISSING, PA19610
A Employer identification number

22-1714810
B Telephone number (see instructions)

(215) 412-8572
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$3,804,753J 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)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 205 205 205
4 Dividends and interest from securities... 79,725 79,904 73,594
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 158,716
b Gross sales price for all assets on line 6a 762,706
7 Capital gain net income (from Part IV, line 2)... 158,716
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)....... 7,929 7,929 7,929
12 Total. Add lines 1 through 11........ 246,575 246,754 81,728
Operating and Administrative Expenses 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)....... Click to see attachment 500 0 0 0
c Other professional fees (attach schedule).... Click to see attachment 16,157 16,157 16,157 0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,698 576   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)....... Click to see attachment 924   924  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,279 16,733 17,081 0
25 Contributions, gifts, grants paid....... 199,800 199,800
26 Total expenses and disbursements. Add lines 24 and 25 222,079 16,733 17,081 199,800
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 24,496
b Net investment income (if negative, enter -0-) 230,021
c Adjusted net income (if negative, enter -0-)... 64,647
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............. 10 47 47
2 Savings and temporary cash investments......... 90,952 93,080 93,080
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 372 720 720
10a Investments—U.S. and state government obligations (attach schedule) 694,674 Click to see attachment674,784 674,192
b Investments—corporate stock (attach schedule)....... 1,198,286 Click to see attachment1,231,432 1,724,038
c Investments—corporate bonds (attach schedule)....... 416,920 Click to see attachment421,137 421,752
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 746,179 Click to see attachment750,688 890,924
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) 3,147,393 3,171,888 3,804,753
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........ 3,147,393 3,171,888
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)..... 3,147,393 3,171,888
31 Total liabilities and net assets/fund balances (see instructions). 3,147,393 3,171,888
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
3,147,393
2
Enter amount from Part I, line 27a .....................
2
24,496
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,171,889
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,171,888
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 15. ADVANCE AUTO PARTS INC   2011-09-20 2015-10-16
b 50. AMETEK INC COM   2010-09-13 2015-05-04
c 25. AMETEK INC COM   2010-09-13 2015-10-16
d 125. APPLE INC COM   2011-04-07 2015-05-08
e 5. ARCHER DANIELS MIDLAND CO COM   2015-02-12 2015-10-16
405. ARCHER DANIELS MIDLAND CO COM   2015-02-12 2015-11-11
540. BB&T CORPORATION COM   2015-02-12 2015-08-25
405. BB&T CORPORATION COM   2015-05-08 2015-08-25
30. BALL CORP   2011-03-07 2015-10-16
55. BAXALTA INC COM   2014-07-21 2015-07-17
385. BAXALTA INC COM   2011-07-05 2015-07-17
55. BAXTER INTL INC COM   2014-07-21 2015-07-17
385. BAXTER INTL INC COM   2011-07-05 2015-07-17
15. BEMIS COMPANY COM   2015-01-09 2015-10-16
15. BIG LOTS INC   2013-12-02 2015-10-16
30. BROADRIDGE FINL SOL LLC COM   2010-09-13 2015-10-16
35. BROWN & BROWN INC COM   2014-08-25 2015-10-16
50. CADENCE DESIGN SYSTEMS, INC COM   2012-11-28 2015-10-16
213. CHEVRONTEXACO CORP COM   2009-06-06 2015-02-12
20. CHURCH AND DWIGHT CO INC COM   2011-05-05 2015-10-16
55. CISCO SYSTEMS INC COM   2013-02-25 2015-10-16
25. COLGATE PALMOLIVE CO COM   2013-05-08 2015-10-16
40. COMMERCE BANCSHARES INC COM   2013-02-25 2015-10-16
.9 COMMERCE BANCSHARES INC COM   2013-02-25 2015-12-14
17.967 CONESTOGA SMALL CAP INSTITUTIONAL   2010-08-02 2015-10-16
30000. COSTCO WHSL CORP NEW DTD 02/20/2007 5.5%   2011-04-15 2015-03-24
15. CRANE CO COM   2014-07-08 2015-10-16
100. CRANE CO COM   2014-01-08 2015-12-16
30. DELUXE CORPORATION COM   2013-04-01 2015-10-16
10. DICK'S SPORTING GOODS INC   2015-05-04 2015-10-16
30. DISCOVER FINANCIAL SERVICES COM   2011-07-05 2015-10-16
130. EXXON MOBIL CORPORATION COM   1983-12-22 2015-05-08
5. EXXON MOBIL CORPORATION COM   1983-12-22 2015-10-16
110. EXXON MOBIL CORPORATION COM   1983-12-22 2015-11-11
15. FACTSET RESEARCH SYSTEMS INC COM   2010-09-13 2015-10-16
25000. FNMA NOTE DTD 04/16/2007 5% 05/11/2017   2010-12-02 2015-01-27
10. FOOT LOCKER INC COM   2015-01-09 2015-10-16
15. ARTHUR J GALLAGHER & CO COM   2011-12-05 2015-10-16
25. GENUINE PARTS CO COM   2014-08-25 2015-10-16
25000. GLAXOSMITHKLINE CAP INC DTD 05/13/2008 5   2010-12-02 2015-03-17
100. GLOBAL PAYMENTS INC COM   2014-03-07 2015-01-09
5. HSN INC COM   2015-01-09 2015-10-16
40. HANCOCK HOLDING CO COM   2014-01-08 2015-10-16
235. HANCOCK HOLDING CO COM   2014-01-08 2015-12-09
30. HANCOCK HOLDING CO COM   2015-07-17 2015-12-09
60. HANESBRANDS INC COM   2013-06-25 2015-10-16
215. HANESBRANDS INC COM   2013-06-25 2015-11-11
20. HARRIS CORPORATION COM   2010-09-13 2015-10-16
145. HEALTH NET INC COM   2014-08-25 2015-07-17
426.079 HENDERSON INTERNATIONAL OPPORTUNITIES FU   2012-11-08 2015-10-16
15. HOLLYFRONTIER CORP COM   2014-08-25 2015-10-16
20. HORMEL FOODS CORP COM   2010-09-13 2015-10-16
15. HUBBELL INC CL B COM   2010-09-13 2015-10-16
55. INTEL CORP COM   2012-02-08 2015-10-16
200. INTERNATIONAL BUS MACHS CORP COM   2005-09-25 2015-05-08
5. JOHNSON & JOHNSON COM   2015-07-17 2015-10-16
30. J2 GLOBAL INC   2014-07-08 2015-10-16
45. J2 GLOBAL INC   2010-09-13 2015-11-11
10. L-3 COMMUNICATIONS HOLDINGS COM   2010-09-13 2015-10-16
20. LABORATORY CRP OF AMER HLDGS COM   2014-08-25 2015-05-08
30. LABORATORY CRP OF AMER HLDGS COM   2013-05-23 2015-05-08
80. LABORATORY CRP OF AMER HLDGS COM   2013-05-23 2015-07-17
300. LABORATORY CRP OF AMER HLDGS COM   2010-11-29 2015-11-11
10. LABORATORY CRP OF AMER HLDGS COM   2015-10-16 2015-11-11
40. MSCI INC COM   2014-01-08 2015-03-26
100. MSCI INC COM   2014-01-08 2015-05-04
30. MACYS INC   2013-03-13 2015-10-16
35. MARSH & MCLENNAN CO COM   2012-08-27 2015-10-16
15. MCCORMICK & COMPANY INC NON VTG SHS COM   2014-12-11 2015-10-16
10. MCKESSON HBOC INC COM   2011-03-15 2015-10-16
20. MEDNAX INC COM   2014-03-07 2015-10-16
20. MEREDITH CORP COM   2015-05-21 2015-10-16
50. MICROSOFT CORP COM   2010-11-29 2015-10-16
245. MICROSOFT CORP COM   2010-11-29 2015-11-11
60. MINERALS TECHNOLOGIES INC COM   2012-09-05 2015-03-26
45. OLIN CORP COM   2014-08-25 2015-01-09
355. OLIN CORP COM   2014-04-04 2015-01-09
130. OMNICARE INC COM   2012-04-10 2015-05-21
45. ORACLE CORP COM   2011-03-15 2015-10-16
5. PANERA BREAD COMPANY CL A COM   2010-09-13 2015-10-16
15. PAREXEL INTERNATIONAL CORP COM   2015-07-17 2015-10-16
15. PEPSICO INC COM   2012-02-08 2015-10-16
15. QUALCOMM INC COM   2014-01-06 2015-10-16
15. RAYTHEON CO COM NEW   2012-08-27 2015-10-16
140. ROSS STORES COM   2010-09-13 2015-01-09
34.715 T ROWE PRICE INTERNATIONAL DISCOVERY FUN   2014-02-06 2015-10-16
140. SCHLUMBERGER LTD COM   2014-07-21 2015-02-12
15. SILGAN HOLDINGS INC COM   2015-03-26 2015-10-16
10. SIRONA DENTAL SYSTEMS INC COM   2015-05-21 2015-10-16
10. SYNOPSYS INC COM   2015-07-17 2015-10-16
30. TJX COMPANIES INC COM   2011-04-08 2015-10-16
130. TORCHMARK CORP. COM   2013-04-18 2015-02-12
5. TORCHMARK CORP. COM   2013-04-18 2015-10-16
25. TORO CO COM   2010-09-13 2015-10-16
40. TRUSTMARK CORP COM   2015-05-04 2015-10-16
15. TUPPERWARE BRANDS CORP COM   2010-09-13 2015-10-16
50. U.S. BANCORP COM   2012-11-02 2015-10-16
15. UNION PACIFIC CORP COM   2013-02-25 2015-10-16
35000. US TREASURY NOTE DTD 12/02/2013 1.25% 11   2013-12-23 2015-12-09
25000. US TREASURY NOTE DTD 12/31/2014 2.125% 1   2015-01-27 2015-12-09
30000. US TREASURY NOTE DTD 08/16/2010 2.625% 0   2011-08-18 2015-12-09
25000. US TREASURY NOTE DTD 03/31/2011 2.875% 0   2011-04-15 2015-12-09
15. UNITED TECHNOLOGIES CORP COM   2011-03-15 2015-10-16
85. UNITED THERAPEUTICS CORP COM   2013-09-25 2015-05-04
155. V F CORPORATION COM   2011-03-15 2015-05-08
80. V F CORPORATION COM   2010-11-29 2015-11-11
35. V F CORPORATION COM   2015-10-16 2015-11-11
20. VALSPAR CORPORATION COM   2011-03-24 2015-10-16
25. WADDELL & REED FINANCIAL INC CL A COM   2013-09-25 2015-10-16
20. WALGREENS BOOTS ALLIANCE INC COM   2009-06-09 2015-10-16
15. WATSCO INC COM   2013-02-25 2015-10-16
35. WEBSTER FINANCIAL CORP COM   2015-05-21 2015-10-16
15. WORLD FUEL SERVICES CORP COM   2010-09-13 2015-10-16
30. ZEBRA TECHNOLOGIES CORP CL A COM   2013-02-25 2015-05-21
85. ZEBRA TECHNOLOGIES CORP CL A COM   2013-02-25 2015-07-17
715. MEDTRONIC PLC COM   2014-07-21 2015-07-17
20. TE CONNECTIVITY LTD COM   2013-05-08 2015-10-16
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,871   946 1,925
b 2,652   1,017 1,635
c 1,345   508 837
d 15,818   6,024 9,794
e 228   237 -9
16,315   19,180 -2,865
19,223   20,641 -1,418
14,417   15,781 -1,364
1,996   1,075 921
1,762   1,925 -163
12,331   10,657 1,674
2,073   2,258 -185
14,513   12,505 2,008
623   685 -62
718   580 138
1,741   675 1,066
1,092   1,133 -41
1,064   645 419
23,425   14,993 8,432
1,763   823 940
1,543   1,156 387
1,669   1,508 161
1,764   1,530 234
37   30 7
640   335 305
32,740   34,409 -1,669
721   1,089 -368
4,621   6,801 -2,180
1,817   1,240 577
477   557 -80
1,671   805 866
11,480   12,103 -623
410   13 397
8,974   295 8,679
2,476   1,245 1,231
27,400   28,440 -1,040
701   568 133
640   481 159
2,074   2,208 -134
28,154   28,623 -469
8,525   7,271 1,254
297   381 -84
1,068   1,465 -397
6,033   8,277 -2,244
770   886 -116
1,724   759 965
6,747   2,721 4,026
1,530   1,113 417
9,917   6,431 3,486
11,487   9,318 2,169
756   763 -7
1,311   445 866
1,304   725 579
1,811   1,476 335
34,477   12,408 22,069
490   501 -11
2,214   1,515 699
3,554   1,162 2,392
1,104   667 437
2,372   2,143 229
3,559   3,006 553
9,791   8,017 1,774
36,588   26,171 10,417
1,220   1,170 50
2,383   1,750 633
6,233   4,374 1,859
1,514   1,763 -249
1,881   1,201 680
1,242   1,100 142
1,945   764 1,181
1,607   1,241 366
890   1,064 -174
2,363   1,272 1,091
13,153   6,233 6,920
4,307   2,068 2,239
999   1,247 -248
7,877   9,922 -2,045
12,495   4,443 8,052
1,673   1,387 286
943   435 508
946   1,003 -57
1,495   1,001 494
893   1,091 -198
1,660   848 812
13,351   3,707 9,644
1,921   1,900 21
12,103   15,869 -3,766
833   857 -24
1,035   981 54
483   507 -24
2,166   762 1,404
6,936   5,087 1,849
290   196 94
1,818   673 1,145
954   959 -5
832   647 185
2,050   1,675 375
1,395   1,030 365
34,989   34,348 641
25,266   25,824 -558
31,261   31,589 -328
26,012   26,022 -10
1,392   1,181 211
14,489   6,539 7,950
11,150   3,681 7,469
5,300   1,870 3,430
2,319   2,543 -224
1,550   980 570
844   1,302 -458
1,759   625 1,134
1,901   1,161 740
1,230   1,332 -102
590   580 10
3,231   1,347 1,884
9,570   3,816 5,754
54,570   44,779 9,791
1,267   899 368
      6,722
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,925
b       1,635
c       837
d       9,794
e       -9
      -2,865
      -1,418
      -1,364
      921
      -163
      1,674
      -185
      2,008
      -62
      138
      1,066
      -41
      419
      8,432
      940
      387
      161
      234
      7
      305
      -1,669
      -368
      -2,180
      577
      -80
      866
      -623
      397
      8,679
      1,231
      -1,040
      133
      159
      -134
      -469
      1,254
      -84
      -397
      -2,244
      -116
      965
      4,026
      417
      3,486
      2,169
      -7
      866
      579
      335
      22,069
      -11
      699
      2,392
      437
      229
      553
      1,774
      10,417
      50
      633
      1,859
      -249
      680
      142
      1,181
      366
      -174
      1,091
      6,920
      2,239
      -248
      -2,045
      8,052
      286
      508
      -57
      494
      -198
      812
      9,644
      21
      -3,766
      -24
      54
      -24
      1,404
      1,849
      94
      1,145
      -5
      185
      375
      365
      641
      -558
      -328
      -10
      211
      7,950
      7,469
      3,430
      -224
      570
      -458
      1,134
      740
      -102
      10
      1,884
      5,754
      9,791
      368
       
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 2 158,716
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 181,954 4,096,555 0.044416
2013 170,676 3,736,275 0.045681
2012 162,337 3,465,932 0.046838
2011 152,297 3,360,637 0.045318
2010 135,348 3,153,174 0.042924
2
Total of line 1, column (d) .....................
20.225177
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
0.045035
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
3,967,820
5
Multiply line 4 by line 3......................
5
178,691
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,300
7
Add lines 5 and 6........................
7
180,991
8
Enter qualifying distributions from Part XII, line 4.............
8
199,800
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 2,300
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,300
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 2,300
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 4,672
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 4,672
8 Enter any penalty for underpayment of estimated tax. if 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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,372
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet2,300 RefundedBullet 11 72
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
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    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 ofbulletNATIONAL PENN INVESTORS TRUST CO Telephone no.bullet (610) 372-6414

    Located atbullet1340 BROADCASTING ROAD SUITE 100WYOMISSINGPA ZIP+4bullet19610
    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
     
    No
    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
    LAWRENCE FREAS TREASURER
    0     		0    
    4425 EDGEHAM COURT
    EARLYSVILLE,VA22936
    NANCY PRATT VICE PRESIDENT
    0     		0    
    2811 St Regis Dr
    North Chesterfield,VA23236
    SUSAN MAGARGEE SECRETARY
    0     		0    
    484 STEELE HOLLOW
    JULIAN,PA16844
    DONALD FREAS PRESIDENT
    0     		0    
    515 Flora Vista Rd NE
    Olympia,WA985062856
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 COMMONS OF FERTILE GROUND / TEDX OLYMPIA 120 STATE AVENUE NE OLYMPIA, WA 98501 5,000
    2 HYPATIA IN THE WOODS PO BOX 58 SHELTON, WA 98584 2,950
    3 HEARTS FOR THE HOMELESS STATE COLLEGE STATE COLLEGE, PA 16801 RICHMOND, VA 23230 5,000
    4 TAYLOR WATKINS CERAMIC AWARD 107 BORLAND BUILDING UNIVERSITY PARK, PA 16802 1,000
    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
    3,888,574
    b
    Average of monthly cash balances.......................
    1b
    139,670
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,028,244
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,028,244
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    60,424
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,967,820
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    198,391
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    198,391
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    2,300
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,300
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    196,091
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    196,091
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    196,091
    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
    199,800
    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
    199,800
    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
    2,300
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    197,500
    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 7 196,091
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 199,798
    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: bullet$ 199,800
    a Applied to 2014, but not more than line 2a 199,798
    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..... 2
    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 ..........     		196,089
    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)
    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.
    NONE
    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
    ALBEMARLE HIGH SCHOOL
    ATHLETIC DEPARTMENT
    2775 HYDRAULIC ROAD
    CHARLOTTESVILLE,VA22901     		NONE 501(C)(3) GENERAL FUND 5,000
    CAPON BRIDGE ELEMENTARY
    SCHOOL
    PO BOX 127
    CAPON BRIDGE,WV26711     		NONE 501(C)(3) GENERAL FUND 2,500
    CENTRE COUNTY LAW
    ENFORCEMENT CAMP CADET INC
    118 S FRASER STREET
    STATE COLLEGE,PA168013899     		NONE 501(C)(3) GENERAL FUND 2,000
    CENTER COUNTY WOMEN'S
    RESOURCE CENTER
    140 W NITTANY AVENUE
    STATE COLLEGE,PA168024811     		NONE 501(C)(3) GENERAL FUND 5,000
    CENTRE VOLUNTEERS IN
    MEDICINE
    251 EASTERLY PKWY SUITE 102
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 3,600
    FORT EDWARDS FOUNDATION
    PO BOX 623
    CAPON BRIDGE,WV26711     		NONE 501(C)(3) GENERAL FUND 4,600
    ORCH OF ALBERMALE HIGH
    JOUETT & SUTHERLAND SCHS
    2775 HYDRAULIC ROAD
    CHARLOTTESVILLE,VA22901     		NONE 501(C)(3) GENERAL FUND 5,000
    SCHLOW CENTRE COUNTY
    LIBRARY
    211 S ALLEN STREET
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 11,000
    HOUSE OF CARE
    515 W BEAVER AVE
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 2,400
    STATE THEATRE INC
    130 W COLLEGE AVE
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 3,500
    GLOBAL EMERGENCY HEALTH
    CARE CENTER
    2033 W IOWA ST 3
    CHICAGO,IL60622     		NONE 501(C)(3) GENERAL 8,000
    YMCA OF CENTRE COUNTY
    677 W WHITEHALL ROAD
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 3,000
    BENEDICTINE PROGRAMS AND SERVICES
    14299 BENEDICTINE LANE
    REIGELY,MD21660     		NONE 501(C)(3) GENERAL FUND 5,000
    INSTITUTE OF AWAKENED MUTUALITY
    3930 NE 105TH AVE
    PORTLAND,OR97220     		NONE 501(C)(3) GENERAL FUND 10,000
    OLYMPIA ARTSPACE ALLIANCE
    3400 CAPITAL BLVD STE 101
    OLYMPIA,WA985013351     		NONE 501(C)(3) GENERAL FUND 8,000
    PIEDMONT VIRGINIA COMMUNITY COLLEGE
    501 COLLEGE DRIVE
    CHALROTTSVILLE,VA229027589     		NONE EXEMPT GENERAL FUND 12,850
    CENTRE COUNTY PAWS
    1401 TROUT ROAD
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 250
    FIRST UNITARIAN UNIVERSALIST
    CHURCH OF RICHMOND
    1000 BLANTON AVENUE
    RICHMOND,VT23221     		NONE 501(C)(3) GENERAL FUND 10,000
    LEWIS GINTER BOTANIC GARDEN
    1800 LAKESIDE AVENUE
    RICHMOND,VA232284700     		NONE 501(C)(3) GENERAL FUND 9,150
    MAYMONT FOUNDATION
    1700 HAMPTON STREET
    RICHMOND,VA23220     		NONE 501(C)(3) GENERAL FUND 9,300
    TOM HARPSTREITH MEMORIAL YOUTH
    HUNT
    1096 E 28TH STREET
    TORRINGTON,WY82240     		NONE 501(C)(3) GENERAL FUND 1,000
    ACE MONTOR PROGRAM OF
    FREDERIOCK MD
    5275 BUCKEYSTOWN PIKE 204
    FREDERICK,MD21701     		NONE 501(C)(3) GENERAL FUND 2,000
    FEEDMORE iNC
    1415 ROADMILLER STREET
    RICHMOND,VA23220     		NONE 501(C)(3) GENERAL FUND 6,000
    INTERFAITH WORKS
    PO BOX 12121
    RICHMOND,VA98507     		NONE 501(C)(3) GENERAL FUND 7,000
    MILTON POLICE DEPARTMENT
    7 TOWNHOUSE ROAD
    MILTON,NH03851     		NONE 501(C)(3) GENERAL FUND 2,360
    SOUTH SOUND ESTUARY ASSOCIATION
    PO BOX 2182
    OLYMPIA,WA98507     		NONE 501(C)(3) GENERAL FUND 10,000
    8 FLAGS PLAYSCAPES INC
    PO BOX 15158
    FERNANDINA BEACH,FL23035     		NONE 501(C)(3) GENERAL FUND 15,000
    BELLEFONTE ART MUSEUM
    133 ALLEGHENY STREET
    BELLEFONTE,PA16823     		NONE 501(C)(3) GENERAL FUND 2,840
    BENNINGTON COLLEGE IN WRITING
    ONE COLLEGE DRVE
    BENNINGTON,VT50201     		NONE 501(C)(3) GENERAL FUND 7,000
    CHESTERFIELD COOPERATIVE EXTENSION
    MASTER GARDENER PROGRAM
    6807 MIMMS LOOP
    CHESTERFIELD,VA23832     		NONE 501(C)(3) GENERAL FUND 10,000
    HYPATIA IN THE WOODS
    PO BOX 58
    SHELTON,WA98584     		NONE 501(C)(3) GENERAL FUND 2,950
    SCIENCE MUSEUM OF VIRGINIA FOUNDATION
    PO BOX 1162
    RICHMOND,VA23230     		NONE 501(C)(3) GENERAL FUND 2,500
    TAYLOR WATKINS CERAMIC AWARD
    107 BORLAND BUILDING
    UNIVERSITY PARK,PW16802     		NONE 501(C)(3) GENERAL FUND 1,000
    COMMONS AT FERTILE GROUND TEDXOLYMPIA
    120 STATE AVENUE NE
    OLYMPIA,WA98501     		NONE 501(C)(3) GENERAL FUND 5,000
    HEARTS FOR THE HOMELESS STATE COLLEGE
    1000 FRASER ST
    STATE COLLEGE,PA16801     		NONE 501(C)(3) GENERAL FUND 5,000
    Total .................................bullet 3a 199,800
    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 ...........     		    14 205  
    4 Dividends and interest from securities....     14 79,725  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....     14 7,929  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 158,716  
    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)..   246,575  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13246,575
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    FREAS FND 1871001360
    EIN:
    22-1714810
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 500      

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    FREAS FND 1871001360
    EIN:
    22-1714810
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JP MORGAN CHASE & CO 1/29/08 35,003 34,886
    WELLS FARGO CO 12/12/11 2.625 40,337 40,224
    TARGET CORP DTD 6/26/2014 37,244 36,318
    GEN ELEC CAP 1/7/11 4.625% 37,613 38,443
    BANK OF NY MELLON 9/23/11 3.55 35,963 36,715
    PEPSICO INC 10/26/10 3.125% 24,522 25,884
    MERCK & CO 12/10/10 3.875% 25,841 26,802
    OCCIDENTAL PETE CORP 26,141 26,229
    CON EDISON CO NY 4/1/08 5.85% 23,224 21,626
    DEERE & CO 6/8/12 2.6% 24,816 24,650
    CHEVRON CORP 6/24/13 1.718% 24,723 24,872
    WAL-MART STORES 4/11/13 2.55% 35,290 34,517
    APPLE INC DTD 5/6/14 25,433 25,899
    ABBOTT LABS 24,987 24,687
    COSTCO WHSL CORP NEW DTD 2/20/    
    GLAXOSMITHKLINE CAP INC DTD 5/    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    FREAS FND 1871001360
    EIN:
    22-1714810
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EXXON MOBIL CORP 698 20,267
    JOHNSON & JOHNSON 24,849 47,457
    MICROSOFT CORP 27,880 61,028
    SYNOPSYS INC 6,849 6,157
    WALGREEN CO 14,978 40,789
    PEPSICO INC COM 31,426 48,961
    APPLE, INCORPORATED 22,473 51,998
    DELUXE CORPORATION 7,970 10,908
    L3 COMMUNICATIONS HLDG 3,252 5,976
    U.S.BANCORP 42,366 56,964
    BIG LOTS INC 3,092 3,083
    CISCO SYSTEMS INC 35,026 45,349
    COLGATE PALMOLIVE CO 32,969 46,967
    BANK HAWAII 6,791 6,605
    DOVER CORP 40,597 34,947
    INTEL CORP 37,283 49,608
    MACYS INC 34,639 28,684
    MAN POWER GROUP 4,733 4,636
    AMETEK INC 3,701 9,753
    BROADRIDGE FINL SOL LLC 3,712 8,865
    CH ROBINSON WORLDWID INC 36,711 32,561
    CADENCE DESIGN SYSTEMS INC 4,002 6,451
    FACTSET RESEARCH SYSTEMS INC 5,810 11,380
    HARRIS CORPORATION 5,243 10,428
    HORMEL FOODS CORP 2,894 10,280
    HUBBELL INC 2,899 6,062
    J2 GLOBAL COMMUNICATIONS INC 2,500 9,055
    MCCORMICK & COMPANY INC 20,766 38,930
    MCKESSON HBOC INC 15,056 45,363
    MARSH & MCLENNAN 32,093 51,846
    ORACLE CORP 33,260 42,557
    PANERA BREAD COMPANY 3,047 6,817
    PAREXEL INTL GROUP 9,699 9,877
    HANESBRANDS INC 2,088 4,856
    QUALCOMM INC 22,975 22,993
    SIRONA DENTAL SYSTEMS 9,322 10,409
    SILGAN HOLDINGS INC COM 8,221 7,789
    TORCHMARK CORP 16,825 24,579
    UNION PACIFIC CORP 27,799 31,671
    TORO CO 4,310 11,691
    TUPPERWARE BRANDS CORP 3,018 3,896
    VF CORPORATION 11,018 32,993
    MCDONALDS 38,161 44,303
    UNITED HEALTH GROUP 46,001 43,527
    WORLD FUEL SERVICES CORP 3,398 5,000
    ADVANCE AUTO PARTS INC 3,783 9,031
    BALL CORP 25,132 52,002
    CHURCH & DWIGHT CO INC 4,733 9,761
    COMMERCE BANCSHARES 7,163 9,699
    DISCOVER FINL SERVICES 21,474 42,896
    UNITED THERAPEUTICS CORP 3,077 6,264
    ARTHUR J GALLAGHER 4,493 5,732
    TJX COS INC 18,663 52,119
    UNITED TECHNOLOGIES CORP 25,239 32,183
    VARIAN MEDICAL SYSTEMS 28,375 28,280
    WADDELL & REED FINL INC CL A 7,515 5,159
    WATSCO INC 6,271 9,370
    RAYTHEON CO COM NEW 21,765 47,944
    TRUSTMARK CORP 8,155 7,834
    TE CONNECTIVITY LTD 26,978 38,766
    VALSPAR 5,162 11,198
    BROWN AND BROWN INC COM 9,325 9,309
    GENUINE PARTS CO COM 49,737 49,387
    DR PEPPER AND SNAPPLE GROUP 27,520 28,892
    FOOT LOCKER INC 4,263 4,882
    LEIDO HOLDINGS 6,405 6,470
    HOLLY FRONTIER CORP 6,129 4,986
    MEDNAX 7,995 9,316
    MEREDITH CORP 7,141 6,055
    SCHLUMBERGER LTD COM 28,761 21,971
    BEMIS COMPANY 7,534 7,374
    FRANKLIN RESOURCES INC 35,388 32,586
    GILEAD SCIENCES 45,870 39,464
    HSN INC 7,627 5,067
    WEBSTER FINANCIAL CORP COM 9,290 10,599
    DICKS SPORTING GOODS 8,069 5,126
    INTL BUSINESS MACHINE CORP    
    LAB CORP OF AMERICAN HOLDING    
    OMNICARE INC COM    
    CHEVRON    
    MINERAL TECHNOLOGIES    
    ROSS STORES    
    BAXTER INC    
    ZEBRA TECHNOLOGIES    
    CRANE CO    
    GLOBAL PAYMENTS    
    HANCOCK HOLDINGS    
    HEALTH NET INC    
    MSCI INC COM    
    MEDTRONIC INC    
    OLIN CORP    

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    FREAS FND 1871001360
    EIN:
    22-1714810
    US Government Securities - End of Year Book Value:

    674,784
    US Government Securities - End of Year Fair Market Value:

    674,192
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2015 InvestmentsOtherSchedule2
    Name:
    FREAS FND 1871001360
    EIN:
    22-1714810
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTISAN INTERNATIONAL AT COST 151,966 200,828
    CONESTOGA SMALL CAP AT COST 55,845 107,311
    GOLDMAN SACHS SATELLITE STRAT AT COST 268,652 253,989
    HENDERSON INTL OPPORTUNITIES AT COST 137,812 194,172
    T ROWE PRICE INTL DISCOVERY FU AT COST 136,413 134,624

    TY 2015 OtherDecreasesSchedule
    Name:
    FREAS FND 1871001360
    EIN:
    22-1714810
    Description Amount
    ROUNDING 1


    TY 2015 OtherExpensesSchedule
    Name:
    FREAS FND 1871001360
    EIN:
    22-1714810
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSE-PRINCI 924 0 924 0


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    FREAS FND 1871001360
    EIN:
    22-1714810
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MGMT FEES-SUBJECT T 16,157 16,157 16,157  


    TY 2015 TaxesSchedule
    Name:
    FREAS FND 1871001360
    EIN:
    22-1714810
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL ESTIMATES - PRINCIPAL 4,122 0   0
    FOREIGN TAXES ON QUALIFIED FOR 301 301   0
    FOREIGN TAXES ON NONQUALIFIED 275 275   0