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
CLEVE H TANDY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10512 LA COSTA DR
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUSTIN, TX78747
A Employer identification number

74-6047828
B Telephone number (see instructions)

(512) 282-1769
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$1,474,327
J 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 6 6 6
4 Dividends and interest from securities... 59,090 59,090 59,090
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 16,310
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........ 59,096 75,406 59,096
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 2,150      
c Other professional fees (attach schedule).... 1,165      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 1,216      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 44      
23 Other expenses (attach schedule)....... 72      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,647 0   0
25 Contributions, gifts, grants paid....... 80,000 80,000
26 Total expenses and disbursements. Add lines 24 and 25 84,647 0   80,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -25,551
b Net investment income (if negative, enter -0-) 75,406
c Adjusted net income (if negative, enter -0-)... 59,096
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............. 110,860 3,362 3,362
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 233,145 Click to see attachment357,339 823,034
c Investments—corporate bonds (attach schedule)....... 519,612 Click to see attachment519,612 540,411
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 141,171 Click to see attachment115,740 107,520
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) 1,004,788 996,053 1,474,327
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 1,004,788 996,053
30 Total net assets or fund balances (see instructions)..... 1,004,788 996,053
31 Total liabilities and net assets/fund balances (see instructions). 1,004,788 996,053
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
1,004,788
2
Enter amount from Part I, line 27a .....................
2
-25,551
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
16,816
4
Add lines 1, 2, and 3 ..........................
4
996,053
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
996,053
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 1,000 SHRS COHEN & STEERS REIT & PFD INCM P 2003-07-01 2015-03-17
b 500 SHRS GENERAL ELECTRIC CO P 2005-01-26 2015-03-17
c 360 SHRS PIEDMONT NATURAL GAS INC P 1992-08-13 2015-03-17
d 700 SHRS PIEDMONT NATURAL GAS INC P 1992-08-13 2015-03-17
e 150.10200 SHRS INVESCO GROWTH & INCOME P 2015-03-25 2015-05-11
58.653 SHRS JANUS FLEXIBLE BOND P 2015-03-25 2015-07-29
508.956 SHRS JANUS FLEXIBLE BOND P 2015-03-12 2015-07-29
53.048 SHRS MFS GROWTH FUND P 2015-03-12 2015-05-11
562.672 SHRS MANNING & NAPIER WORLD OPP P 2015-03-12 2015-07-29
50.511 SHRS NEUBERGER BERMAN GENESIS P 2015-03-12 2015-05-11
.622 SHRS PIMCO TOTAL RETURN IV P 2015-03-12 2015-07-29
567.536 SHRS PIMCO TOTAL RETURN IV P 2015-03-12 2015-07-29
(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 19,154 0 25,431 -6,277
b 12,493 0 18,024 -5,531
c 13,010 0 3,423 9,587
d 25,302 0 6,656 18,646
e 4,069 0 3,961 108
614 0 622 -8
5,329 0 5,397 -68
3,947 0 3,924 23
4,186 0 4,267 -81
2,938 0 2,947 -9
7 0 7 0
5,953 0 6,033 -80
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 0 0 0 -6,277
b 0 0 0 -5,531
c 0 0 0 9,587
d 0 0 0 18,646
e 0 0 0 108
0 0 0 -8
0 0 0 -68
0 0 0 23
0 0 0 -81
0 0 0 -9
0 0 0 0
0 0 0 -80
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 16,310
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 -115
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 77,700 1,617,273 0.048044
2013 67,000 1,557,980 0.043004
2012 66,000 1,374,251 0.048026
2011 65,700 1,397,517 0.047012
2010 64,000 1,309,524 0.048873
2
Total of line 1, column (d) .....................
20.234959
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
0.046992
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,607,329
5
Multiply line 4 by line 3......................
5
75,532
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
754
7
Add lines 5 and 6........................
7
76,286
8
Enter qualifying distributions from Part XII, line 4.............
8
80,000
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 1 754
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........................... 3 754
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- ..... 5 754
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 1,240
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.............. Part VI Line 7 - Original Return Overpayment: -1240 7 1,240
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 486
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet486 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
 
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)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCLEVE EARLEY Telephone no.bullet (512) 282-1769

    Located atbullet10512 LA COSTA DRIVEAUSTINTX ZIP+4bullet78747
    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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    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
    JUDD M EARLEY PRESIDENT
    0
    0 0 0
    9364 CINCHONA TR
    SAN ANTONIO,TX78266
    CLEVE M EARLEY 1ST V-PRES
    0
    0 0 0
    10512 LA COSTA
    AUSTIN,TX78747
    ANNALYN EARLEY 2ND V-PRES
    0
    0 0 0
    14745 MERRILL TOWN DR 4521
    AUSTIN,TX78728
    CHERYL EARLEY SEC
    0
    0 0 0
    10512 LA COSTA
    AUSTIN,TX78747
    SHEILA EARLEY TRES
    0
    0 0 0
    9364 CINCHONA TR
    SAN ANTONIO,TX78266
    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
     
    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
    1,568,868
    b
    Average of monthly cash balances.......................
    1b
    62,938
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,631,806
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,631,806
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    24,477
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,607,329
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    80,366
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    80,366
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    754
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    754
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    79,612
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    79,612
    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
    79,612
    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
    80,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    80,000
    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
    754
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    79,246
    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 79,612
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 78,191
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 80,000
    a Applied to 2014, but not more than line 2a 78,191
    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..... 1,809
    e Remaining amount distributed out of corpus  
    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  
    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 ..........
    77,803
    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 ......
     
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    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
    CARITAS OF AUSTIN
    308 E 7TH ST
    AUSTIN,TX78701
      PUBLIC CHARITY 1,000
    LIFE CARE PREGNANCY SERVICE
    1215 WEST ANDERSON LN
    AUSTIN,TX78757
      PUBLIC CHARITY 500
    WILSON COUNTY SHERIFF OFFICE
    800 10TH ST
    FLORESVILLE,TX78114
      PUBLIC CHARITY 1,000
    BRACKEN VOLUNTEER FIRE DEPARTMENT
    23600 FM 3009
    SAN ANTONIO,TX78266
      PUBLIC CHARITY 500
    THE SALVATION ARMY
    PO BOX 1000
    AUSTIN,TX78767
      PUBLIC CHARITY 1,000
    WORLD DENTAL RELIEF
    PO BOX 747
    BROKEN ARROW,OK74013
      PUBLIC CHARITY 1,000
    NEW BRAUNFELS DOWNTOWN ROTARY SCHOLARSHIP FUND
    PO BOX 31197
    NEW BRAUNFELS,TX78131
      PUBLIC CHARITY 1,700
    FOCUS ON THE FAMILY
    8605 EXPLORER DR
    COLORADO SPRINGS,CO80920
      PUBLIC CHARITY 2,000
    HOLY TRINITY PRESBYTERIAN CHURCH
    16245 NACOGDOCHES RD
    SAN ANTONIO,TX78247
      PUBLIC RELIGION 15,500
    SUNSHINE COTTAGE SCHOOL FOR DEAF CHILDREN
    103 TULETA DR
    SAN ANTONIO,TX78212
      PUBLIC EDUCATION 5,000
    BASTROP PREGNANCY RESOURCE CTR
    494 HWY 71 STE 140
    BASTROP,TX786023731
      PUBLIC CHARITY 1,000
    CAPITAL AREA DENTAL FOUNDATION
    401 W 15TH ST SUITE 695
    AUSTIN,TX78701
      PUBLIC CHARITY 1,000
    SELMA FIRE DEPARTMENT
    9375 CORPORATE DR
    SELMA,TX78154
      PUBLIC CHARITY 500
    GARDEN RIDGE LIONS CLUB
    21011 CEDAR BRANCH
    GARDEN RIDGE,TX78266
      PUBLIC CHARITY 700
    TEXAS ALLIANCE FOR LIFE
    PO BOX 49137
    AUSTIN,TX78765
      PUBLIC CHARITY 500
    SOUTH AUSTIN PREGNANCY RESOURCE CENTER
    PO BOX 90098
    AUSTIN,TX787090098
      PUBLIC CHARITY 500
    AUSTIN SAMARITANS
    PO BOX 161074
    AUSTIN,TX78716
      PUBLIC CHARITY 500
    OPEN DOOR BAPTIST CHURCH
    117 HAECKERVILLE RD
    CIBOLO,TX78108
      PUBLIC RELIGION 2,000
    INGRAM VOLUNTEER FIRE DEPARTMENT
    PO BOX 271
    INGRAM,TX78025
      PUBLIC CHARITY 500
    FIRST BAPTIST CHURCH OF SCHERTZ
    600 AERO AVE
    SCHERTZ,TX78154
      PUBLIC RELIGION 2,000
    COMMUNITY FELLOWSHIP PRESBYTERIAN CHURCH
    6761 FM 1102
    NEW BRAUNFELS,TX78132
      PUBLIC RELIGION 2,000
    BASIC GOSPEL
    751 HEBRON PARKWAY STE 130
    LEWISVILLE,TX75057
      PUBLIC RELIGION 1,000
    AUSTIN DISASTER RELIEF NETWORK
    PO BOX 3817
    CEDAR PARK,TX78630
      PUBLIC CHARITY 1,500
    THE HOPE FACTORY
    PO BOX 10
    CHEROKEE,TX76832
      PUBLIC CHARITY 1,000
    MISSION U-TOO
    PO BOX 2547
    BASTROP,TX78602
      PUBLIC CHARITY 500
    EVANGELICAL FREE CHURCH OF AMERICA
    901 EAST 78TH STREET
    MINNEAPOLIS,MN554201300
      PUBLIC RELIGION 1,000
    IN TOUCH WITH MINISTRIES
    PO BOX 7900
    ATLANTA,GA30357
      PUBLIC RELIGION 500
    AUSTIN OAKS CHURCH
    4220 MONTEREY OAKS BLVD
    AUSTIN,TX78749
      PUBLIC RELIGION 20,000
    UNIVERSITY OF LOUISVILLE
    501 S PRESTON ST
    LOUISVILLE,KY40292
      PUBLIC CHARITY 1,000
    CITIZENS SHERIFF ACADEMY
    3005 W SAN ANTONIO ST
    NEW BRAUNFELS,TX78130
      PUBLIC CHARITY 3,500
    100 CLUB OF SAN ANTONIO
    PO BOX 6741
    SAN ANTONIO,TX78207
      PUBLIC CHARITY 700
    MARBRIDGE FOUNDATION
    PO BOX 2250
    MANCHACA,TX786529903
      PUBLIC CHARITY 2,000
    VISION BEYOND BORDERS
    100 SHEPARD TRAIL UNIT 12
    BEZEMAN,MT59718
      PUBLIC CHARITY 750
    CITY OF SELMA
    9375 CORPORATE DR
    SELMA,TX78154
      PUBLIC CHARITY 950
    HOPE PREGNANCY CENTER OF BRAZOS VALLEY
    205 BRENTWOOD DR E
    COLLEGE STATION,TX77840
      PUBLIC CHARITY 500
    KENDALL CO CITIZENS LAW ENFORCEMENT ACADEMY ALUMNI ASSOCIATION
    6 STAUDT STREET
    BOERNE,TX78006
      PUBLIC CHARITY 1,200
    THE VOICE OF THE MATYRS
    PO BOX 443
    BARTLESVILLE,OK740059934
      PUBLIC CHARITY 1,000
    TDA SMILES FOUNDATION
    1946 S INT 35 STE 400
    AUSTIN,TX78704
      PUBLIC CHARITY 500
    HOSPIC AUSTIN
    407 SPICEWOOD SPRINGS RD
    AUSTIN,TX78759
      PUBLIC CHARITY 500
    CAPITAL AREA FOOD BANK OF TEXAS
    8201 S CONGRESS AVE
    AUSTIN,TX78745
      PUBLIC CHARITY 500
    BREAST CANCER RESOURCE CENTERS OF TEXAS
    3006 MEDICAL ARTS ST
    AUSTIN,TX78705
      PUBLIC CHARITY 1,000
    Total .................................bullet 3a 80,000
    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 6  
    4 Dividends and interest from securities....     14 59,090  
    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 ............
             
    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)..   59,096  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1359,096
    (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:  
    Part VI Line 7 -Original Return Overpayment: -1,240


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    CLEVE H TANDY FOUNDATION
    EIN:
    74-6047828
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAMELA K SCHULZE PREP OF 990-PF 2,150      

    TY 2015 AllOthProgRltdInvestmentsSch
    Name:
    CLEVE H TANDY FOUNDATION
    EIN:
    74-6047828
    Category Amount
    NONE  

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    CLEVE H TANDY FOUNDATION
    EIN:
    74-6047828
    Name of Bond End of Year Book Value End of Year Fair Market Value
    50,000 CLARK CNTY NV HWY IMPT 6.35% 50,755 55,673
    100,000 CUYAHOGA CNTY OH ECON DEV 5.034% 102,005 104,345
    65,000 HOUSTON TX INDPT SCH DIST 6.168% 66,955 71,175
    100,000 GENERAL ELECTRIC CO DEBENTURE 5.25% 99,897 106,768
    100,000 PRINCIPAL LIFE CORENOTES 5.50% 100,000 106,802
    100,000 WELLS FARGO & CO MED TERM NTS 3.25% 100,000 95,648

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    CLEVE H TANDY FOUNDATION
    EIN:
    74-6047828
    Name of Stock End of Year Book Value End of Year Fair Market Value
    600 SHRS A T & T INC 13,011 20,646
    308 SHRS CHEVRON CORPORATION 9,606 27,708
    363 SHRS COMCAST CORP CI A 3,558 20,484
    1000 SHRS CONSOLIDATED EDISON INC 43,807 64,270
    600 SHRS DUKE REALTY CORP 12,000 12,612
    1600 SHRS FMC CORPORATION 2,378 62,608
    2800 SHRS FMC TECHNOLOGIES INC 2,055 81,228
    302 SHRS JOHN BEAN TECHNOLOGIES CORP 100 15,049
    405 SHRS JPMORGAN CHASE & CO 5,805 26,742
    1500 SHRS NATIONAL LOAN BANK 3,609 141
    1000 SHRS PFIZER INCORPORATED 24,953 32,280
    400 SHRS VERIZON COMMUNICATIONS 8,747 18,488
    5299 SHRS WELLS FARGO & CO 74,704 288,054
    100 SHRS ZIMMER HOLDINGS INC COM 710 10,259
    354.43 ALLIANZGI NFJ DIVIDEND 6,007 5,448
    696.543 SHRS AMERICAN CENTURY DIV BOND 7,608 7,411
    282.278 SHRS BLACKROCK EQUITY DIVIDEND 6,832 5,928
    2081.536 SHRS BRIDGE BUILDER CORE BOND 21,252 20,878
    599.68 SHRS BRIDGE BUILDER CORE PLUS BOND 6,009 5,931
    415.575 SHRS BRIDGE BUILDER INTL EQUITY 4,204 3,927
    605.966 SHRS BRIDGE BUILDER LARGE GROWTH 6,011 6,060
    598.548 SHRS BRIDGE BUILDER LARGE VALUE 6,016 5,620
    453.591 SHRS BRIDGE BUILDER SMALLMID GROWTH 4,493 4,259
    384.044 SHRS CAPITAL WORLD BOND 7,510 7,216
    159.425 SHRS CAPITAL WORLD GRW & INCOME F1 7,561 6,898
    169.733 SHRS DODGE & COX INTL STOCK 7,486 6,192
    375.988 SHRS DREYFUS INTERNATIONAL STK CL Y 5,737 5,350
    719.492 SHRS JANUS FLEXIBLE BOND 7,629 7,411
    1886.21 SHRS JP MORGAN FED MONEY MKT 3,130 1,886
    167.022 SHRS JP MORGAN MID CAP VALUE INSTL 6,308 5,674
    688.734 SHRS JP MORGAN SHORT DURATION BOND 7,502 7,445
    57.028 SHRS NEUBERGER BERMAN GENESIS 3,287 2,912
    848.242 SHRS NEUBERGER BERMAN HIGH INCOME 7,663 6,837
    528.294 SHRS PRUDENTIAL TOTAL RETURN BOND 7,645 7,375
    145.137 SHRS T ROWE PRICE EQUITY INCOME 4,690 4,131
    265.696 SHRS T ROWE PRICE INSTL LRGE CP CR 7,716 7,676

    TY 2015 InvestmentsOtherSchedule2
    Name:
    CLEVE H TANDY FOUNDATION
    EIN:
    74-6047828
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    12,000 DNP SELECT INCOME FUND INC   115,740 107,520

    TY 2015 OtherExpensesSchedule
    Name:
    CLEVE H TANDY FOUNDATION
    EIN:
    74-6047828
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CHECK ORDER 72      


    TY 2015 OtherIncreasesSchedule
    Name:
    CLEVE H TANDY FOUNDATION
    EIN:
    74-6047828
    Description Amount
    GAIN ON ASSET SALE 16,310
    ROUNDING 6
    PRIOR YEAR CHECK NEVER CLEARED 500


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    CLEVE H TANDY FOUNDATION
    EIN:
    74-6047828
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EDWARD JONES ADVISORY FEE 1,140      
    SECRETARY OF STATE FILING FEE 25      


    TY 2015 TaxesSchedule
    Name:
    CLEVE H TANDY FOUNDATION
    EIN:
    74-6047828
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INCOME TAX 1,216