TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015

Name of foundation
FREDERICK AND ELLEN FAIR MEMORIAL FUND

Number and street (or P.O. box number if mail is not delivered to street address)620 LIBERTY AVENUE 10TH FLOOR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA152222705

A Employer identification number

25-6082935

B Telephone number (see instructions)

(412) 762-5188

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$7,009,919J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	171,915		171,915
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		340,216
b	Gross sales price for all assets on line 6a 2,736,672
7	Capital gain net income (from Part IV, line 2)...			340,216
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).......			-919
12	Total. Add lines 1 through 11........	512,131		511,212
13	Compensation of officers, directors, trustees, etc.	74,123		59,298		14,825
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		11,848	190		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).......		7,981	10		7,981
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	93,952		59,498	0	22,806
25	Contributions, gifts, grants paid.......	305,730				305,730
26	Total expenses and disbursements. Add lines 24 and 25	399,682		59,498	0	328,536
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	112,449
b	Net investment income (if negative, enter -0-)			451,714
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	292,453	276,780	276,780
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	149,784
	b	Investments—corporate stock (attach schedule).......	1,413,379	1,593,800	2,042,956
	c	Investments—corporate bonds (attach schedule).......	250,309	250,142	264,480
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,926,809	4,023,523	4,425,703
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,032,734	6,144,245	7,009,919
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	5,977,943	6,104,435
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	54,791	39,810
	30	Total net assets or fund balances (see instructions).....	6,032,734	6,144,245
	31	Total liabilities and net assets/fund balances (see instructions).	6,032,734	6,144,245

Part III

Analysis of Changes in Net Assets or Fund Balances

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

6,032,734

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

112,449

Other increases not included in line 2 (itemize) bullet

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

6,145,183

Decreases not included in line 2 (itemize) bullet

938

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

6,144,245

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	172.444 AQR MANAGED FUTURES STRATEGY FUND CLASS I		2014-12-11	2015-01-09
b	471.99 T ROWE PRICE REAL ESTATE FUND FD 122		2014-12-11	2015-01-09
c	110. DISCOVER FINANCIAL W/I		2014-10-01	2015-01-23
d	340. DISCOVER FINANCIAL W/I		2012-07-27	2015-01-23
e	762. REGIONS FINANCIAL CORP		2013-07-02	2015-01-23
	620. REGIONS FINANCIAL CORP		2013-07-02	2015-01-23
	118. REGIONS FINANCIAL CORP		2013-07-02	2015-01-23
	7547.98 AQR MANAGED FUTURES STRATEGY FUND CLASS I		2014-12-11	2015-01-26
	1135.713 DIAMOND HILL LONG-SHORT FUND CL I		2014-06-09	2015-01-26
	2556.462 DIAMOND HILL LONG-SHORT FUND CL I		2014-12-11	2015-01-26
	101.232 DIAMOND HILL LONG-SHORT FUND CL I		2015-01-09	2015-01-26
	575. POWERSHARES DB AGRICULTURE FUND		2014-12-11	2015-01-26
	17. POWERSHARES DB AGRICULTURE FUND		2015-01-09	2015-01-26
	2395.949 T ROWE PRICE REAL ESTATE FUND FD 122		2014-12-11	2015-01-26
	60. GENERAL ELEC CO COM		2014-11-17	2015-02-02
	825. GENERAL ELEC CO COM		1980-02-20	2015-02-02
	180. UNITED RENTALS INC COM		2014-09-12	2015-02-02
	1. MERCK & CO INC		2001-01-01	2015-02-05
	243. GILEAD SCIENCES INC COM		2014-05-14	2015-02-06
	20. GILEAD SCIENCES INC COM		2014-11-17	2015-02-06
	107. GILEAD SCIENCES INC COM		2014-05-14	2015-02-06
	1. SCHERING-PLOUGH CORP		2001-01-01	2015-02-10
	10. AMERICAN EXPRESS CO		2014-11-17	2015-02-17
	10. AMERICAN EXPRESS CO		2014-11-17	2015-02-17
	270. AMERICAN EXPRESS CO		2009-11-18	2015-02-17
	10. BOEING CO		2014-11-17	2015-02-19
	40. BOEING CO		2012-07-31	2015-02-19
	20. LOCKHEED MARTIN CORP		2013-11-25	2015-02-19
	190. SOUTHWEST AIRLINES COM		2014-06-09	2015-02-19
	100. EASTMAN CHEM CO		2014-06-04	2015-02-27
	14. LYONDELLBASELL INDUSTRIES N.V. ISIN NL0009434992 SEDOL B3SPXZ3		2014-09-22	2015-02-27
	156. LYONDELLBASELL INDUSTRIES N.V. ISIN NL0009434992 SEDOL B3SPXZ3		2014-09-22	2015-02-27
	100. EASTMAN CHEM CO		2014-06-04	2015-03-02
	1. AMERICAN INTERNATIONAL GROUP INC		2001-01-01	2015-03-17
	20. EOG RES INC		2014-11-17	2015-03-17
	190. EOG RES INC		2013-07-30	2015-03-17
	3. SKYWORKS SOLUTIONS INC COM		2014-11-17	2015-03-26
	90. SKYWORKS SOLUTIONS INC COM		2014-03-21	2015-03-26
	17. SKYWORKS SOLUTIONS INC COM		2014-11-17	2015-03-26
	100. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2013-11-27	2015-03-26
	273. MICRON TECHNOLOGY INC		2014-10-01	2015-03-27
	267. MICRON TECHNOLOGY INC		2014-10-01	2015-03-27
	259. ROYAL CARRIBEAN CRUISES LTD SEDOL 2754907 ISIN LR0008862868		2014-08-15	2015-04-21
	20. ROYAL CARRIBEAN CRUISES LTD SEDOL 2754907 ISIN LR0008862868		2014-11-17	2015-04-21
	71. ROYAL CARRIBEAN CRUISES LTD SEDOL 2754907 ISIN LR0008862868		2014-08-15	2015-04-21
	1346.633 AQR MANAGED FUTURES STRATEGY FUND CLASS I		2014-12-11	2015-04-27
	1497.844 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND		2014-12-11	2015-04-27
	18.939 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND		2015-01-09	2015-04-27
	1465.543 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND		2015-01-26	2015-04-27
	4050.445 GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I		2015-01-26	2015-04-27
	1916.272 JP MORGAN RESEARCH MARKET NEUTRAL FUND INSTITUTIONAL		2015-01-26	2015-04-27
	1276.797 T ROWE PRICE REAL ESTATE FUND FD 122		2014-12-11	2015-04-27
	52. SPDR GOLD TRUST ETF		2015-01-26	2015-04-27
	305. PACKAGING CORP OF AMERICA COM		2014-03-20	2015-04-28
	95. PACKAGING CORP OF AMERICA COM		2014-03-20	2015-04-29
	400. PROCTER & GAMBLE CO		1988-05-03	2015-05-04
	3696.588 HARBOR FD INTL FD		2010-07-20	2015-05-11
	50. ACE LIMITED NAME CHG 01/15/16 SEE H1467J104		2014-11-17	2015-05-13
	107. ACE LIMITED NAME CHG 01/15/16 SEE H1467J104		2014-04-11	2015-05-13
	38. ACE LIMITED NAME CHG 01/15/16 SEE H1467J104		2014-04-11	2015-05-14
	55. ACE LIMITED NAME CHG 01/15/16 SEE H1467J104		2014-04-11	2015-05-14
	20. DELTA AIR LINES INC		2014-11-17	2015-05-26
	480. DELTA AIR LINES INC		2013-07-30	2015-05-26
	220. UNION PAC CORP COM		2009-08-06	2015-05-27
	20. QUALCOMM		2014-11-17	2015-06-01
	140. QUALCOMM		2015-03-26	2015-06-01
	311. QUALCOMM		2011-01-19	2015-06-01
	19. QUALCOMM		2011-01-19	2015-06-01
	260. SOUTHWEST AIRLINES COM		2014-06-09	2015-06-10
	107. SOUTHWEST AIRLINES COM		2014-06-09	2015-06-10
	143. SOUTHWEST AIRLINES COM		2014-06-09	2015-06-10
	20. AETNA INC NEW		2014-11-17	2015-07-10
	90. AETNA INC NEW		2013-05-31	2015-07-10
	70. CIGNA CORP		2014-07-21	2015-07-10
	8614.565 PIMCO UNCONSTRAINED BOND FUND INSTITUTIONAL CLASS		2013-08-12	2015-07-10
	130. SKYWORKS SOLUTIONS INC COM		2014-03-21	2015-07-13
	80. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2013-11-27	2015-07-13
	120. 3M COMPANY COM		2015-03-17	2015-07-20
	5012.889 DRIEHAUS ACTIVE INCOME FUND FUND 640		2015-04-27	2015-07-24
	12746. GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I		2015-01-26	2015-07-24
	261. ISHARES TIPS BOND ETF		2015-04-27	2015-07-24
	1391.163 NEUBERGER BERMAN REAL ESTATE FUND CLASS I		2015-01-26	2015-07-24
	1620.965 NEUBERGER BERMAN REAL ESTATE FUND CLASS I		2015-04-27	2015-07-24
	66. SPDR GOLD TRUST ETF		2015-01-26	2015-07-24
	10. POLARIS INDS INC		2014-11-17	2015-07-27
	160. POLARIS INDS INC		2012-05-03	2015-07-27
	40. HANESBRANDS INC - W/I		2014-11-17	2015-08-04
	380. HANESBRANDS INC - W/I		2014-03-13	2015-08-04
	190. HANESBRANDS INC - W/I		2014-03-13	2015-08-04
	160. SKYWORKS SOLUTIONS INC COM		2014-03-21	2015-08-04
	103. HANESBRANDS INC - W/I		2014-03-13	2015-08-05
	118. HANESBRANDS INC - W/I		2014-03-13	2015-08-05
	249. HANESBRANDS INC - W/I		2014-03-13	2015-08-05
	70. CONOCOPHILLIPS		2014-08-15	2015-08-12
	50. CONOCOPHILLIPS		2013-08-28	2015-08-12
	310. CONOCOPHILLIPS		2013-08-28	2015-08-12
	20. ALLSTATE CORP		2014-10-15	2015-08-13
	266. ALLSTATE CORP		2014-10-15	2015-08-13
	124. ALLSTATE CORP		2014-10-15	2015-08-14
	150000. CREDIT SUISSE FB USA INC NOTES		2009-05-05	2015-08-15
	10. BECTON DICKINSON & CO		2014-11-17	2015-08-20
	160. BECTON DICKINSON & CO		2013-03-14	2015-08-20
	80. CIGNA CORP		2014-07-15	2015-08-21
	50. MCKESSON HBOC INC COMMN		2013-10-29	2015-08-21
	95. BERKSHIRE HATHAWAY INC CLASS B		2015-01-23	2015-09-03
	85. BERKSHIRE HATHAWAY INC CLASS B		2015-01-23	2015-09-04
	120. MCKESSON HBOC INC COMMN		2013-10-29	2015-09-14
	20. CONSTELLATION BRANDS INC CL A		2014-11-17	2015-09-15
	75. CONSTELLATION BRANDS INC CL A		2014-05-19	2015-09-15
	40. KROGER CO		2014-11-17	2015-09-15
	255. KROGER CO		2014-05-07	2015-09-15
	2811.621 BAIRD AGGREGATE BOND FUND FD 72		2014-12-11	2015-09-16
	2218.935 DODGE & COX INCOME FUND		2009-11-19	2015-09-16
	4306.723 FIDELITY ADVISOR FLOATING HIGH INCOME FUND I		2011-05-23	2015-09-16
	1526.717 HARBOR FD CAP APPRECIATION FD		2013-08-12	2015-09-16
	2833.53 MFS VALUE FUND CLASS I FUND 893		2013-08-12	2015-09-16
	110. VOYA FINL INC COM		2015-02-18	2015-10-14
	90. DISNEY WALT CO		2014-02-21	2015-10-15
	20. DISNEY WALT CO		2014-11-17	2015-10-15
	308. VOYA FINL INC COM		2015-02-17	2015-10-15
	72. VOYA FINL INC COM		2015-02-17	2015-10-15
	20. WYNDHAM WORLDWIDE CORP		2014-11-17	2015-10-15
	120. WYNDHAM WORLDWIDE CORP		2013-03-19	2015-10-15
	13. HCA HOLDINGS INC		2014-11-17	2015-10-26
	140. HCA HOLDINGS INC		2014-08-11	2015-10-26
	1818.037 AQR MANAGED FUTURES STRATEGY FUND CLASS I		2014-12-11	2015-10-27
	1451.564 DIAMOND HILL LONG-SHORT FUND CL I		2015-04-27	2015-10-27
	2391.323 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND		2014-12-11	2015-10-27
	14208.736 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND		2015-07-24	2015-10-27
	7. HCA HOLDINGS INC		2014-11-17	2015-10-27
	162. HCA HOLDINGS INC		2014-07-21	2015-10-27
	1920.842 ASG GLOBAL ALTERNATIVES FUND CL Y		2015-01-26	2015-10-27
	620.298 ASG GLOBAL ALTERNATIVES FUND CL Y		2015-04-27	2015-10-27
	386.765 ASG GLOBAL ALTERNATIVES FUND CL Y		2015-07-24	2015-10-27
	148. HCA HOLDINGS INC		2014-07-21	2015-10-28
	223. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2013-11-27	2015-11-02
	7. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2013-11-27	2015-11-02
	20. MAGNA INTERNATIONAL ISIN CA5592224011		2014-11-17	2015-11-09
	145. MAGNA INTERNATIONAL ISIN CA5592224011		2013-12-31	2015-11-09
	217. MAGNA INTERNATIONAL ISIN CA5592224011		2013-12-31	2015-11-10
	130. AETNA INC NEW		2013-05-31	2015-11-11
	50. CIGNA CORP		2014-07-15	2015-11-11
	5. MAGNA INTERNATIONAL ISIN CA5592224011		2013-12-31	2015-11-11
	213. MAGNA INTERNATIONAL ISIN CA5592224011		2013-12-31	2015-11-11
	30. SNAP-ON INC COM		2015-05-26	2015-11-16
	8. SNAP-ON INC COM		2014-09-12	2015-11-16
	70. SNAP-ON INC COM		2014-12-12	2015-11-16
	12. SNAP-ON INC COM		2014-09-12	2015-11-17
	258. ST JUDE MEDICAL INC		2014-02-21	2015-11-20
	32. ST JUDE MEDICAL INC		2014-02-21	2015-11-20
	15. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-10	2015-12-16
	75. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-10	2015-12-16
	11. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-09	2015-12-16
	3. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-09	2015-12-17
	36. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-09	2015-12-17
	140. GOLDMAN SACHS GROUP INC COM		2015-05-13	2015-12-18
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,873	1,957	-84
b	13,272	12,555	717
c	6,239	7,047	-808
d	19,284	12,145	7,139
e	6,844	7,551	-707
	5,616	6,144	-528
	1,066	1,169	-103
	84,311	85,670	-1,359
	26,950	26,860	90
	60,665	61,125	-460
	2,402	2,421	-19
	13,507	13,555	-48
	399	424	-25
	69,938	63,732	6,206
	1,441	1,598	-157
	19,812	5,205	14,607
	15,108	20,953	-5,845
	161	25	136
	23,840	20,163	3,677
	1,962	2,011	-49
	10,680	8,634	2,046
	669	25	644
	788	902	-114
	788	902	-114
	21,287	11,226	10,061
	1,537	1,285	252
	6,149	2,937	3,212
	4,023	2,836	1,187
	8,338	5,228	3,110
	7,476	9,031	-1,555
	1,213	1,588	-375
	13,480	17,694	-4,214
	7,485	9,031	-1,546
	417	25	392
	1,738	1,931	-193
	16,513	13,783	2,730
	275	186	89
	8,308	3,467	4,841
	1,569	1,054	515
	9,792	4,236	5,556
	7,141	9,192	-2,051
	7,051	8,990	-1,939
	19,057	16,291	2,766
	1,472	1,373	99
	5,230	4,466	764
	15,607	15,284	323
	14,125	13,915	210
	179	177	2
	13,820	13,849	-29
	38,155	37,386	769
	29,166	29,530	-364
	35,278	33,963	1,315
	5,983	6,396	-413
	20,870	21,814	-944
	6,461	6,794	-333
	32,165	1,916	30,249
	267,855	195,501	72,354
	5,362	5,668	-306
	11,475	10,700	775
	4,103	3,800	303
	5,932	5,500	432
	838	870	-32
	20,115	10,334	9,781
	22,573	6,606	15,967
	1,389	1,410	-21
	9,725	9,416	309
	21,604	16,377	5,227
	1,326	1,001	325
	8,961	7,154	1,807
	3,723	2,944	779
	4,968	3,935	1,033
	2,266	1,723	543
	10,198	5,548	4,650
	10,953	6,765	4,188
	96,311	97,000	-689
	13,038	5,008	8,030
	7,328	3,389	3,939
	18,877	19,706	-829
	51,883	52,585	-702
	118,155	117,646	509
	29,243	30,020	-777
	19,838	22,147	-2,309
	23,115	24,233	-1,118
	6,853	8,118	-1,265
	1,364	1,536	-172
	21,823	13,253	8,570
	1,167	1,102	65
	11,090	7,027	4,063
	5,562	3,514	2,048
	14,071	6,163	7,908
	2,988	1,905	1,083
	3,430	2,182	1,248
	7,207	4,605	2,602
	3,593	5,618	-2,025
	2,566	3,575	-1,009
	15,994	20,686	-4,692
	1,274	1,228	46
	16,921	16,336	585
	7,883	7,615	268
	150,000	149,789	211
	1,444	1,296	148
	23,111	14,578	8,533
	11,484	7,539	3,945
	10,244	7,674	2,570
	12,564	14,256	-1,692
	10,996	12,702	-1,706
	23,550	18,416	5,134
	2,572	1,881	691
	9,644	6,428	3,216
	1,485	1,164	321
	9,465	5,868	3,597
	30,000	30,801	-801
	30,000	29,001	999
	41,000	42,507	-1,507
	96,000	76,534	19,466
	96,000	88,151	7,849
	4,278	4,798	-520
	9,615	7,175	2,440
	2,137	1,809	328
	11,983	13,335	-1,352
	2,791	3,096	-305
	1,467	1,588	-121
	8,802	7,764	1,038
	903	854	49
	9,728	9,240	488
	20,071	20,635	-564
	34,881	35,679	-798
	21,905	22,215	-310
	130,152	132,852	-2,700
	485	460	25
	11,216	9,982	1,234
	20,745	22,147	-1,402
	6,699	7,344	-645
	4,177	4,378	-201
	10,136	9,120	1,016
	17,113	9,446	7,667
	550	297	253
	950	1,041	-91
	6,891	5,945	946
	10,109	8,897	1,212
	13,729	8,013	5,716
	6,624	4,690	1,934
	233	205	28
	9,766	8,733	1,033
	4,980	4,677	303
	1,328	1,006	322
	11,619	9,321	2,298
	1,979	1,510	469
	15,972	17,469	-1,497
	2,003	2,167	-164
	1,775	2,233	-458
	8,782	11,166	-2,384
	1,300	1,611	-311
	351	439	-88
	4,217	5,264	-1,047
	24,661	28,174	-3,513
			56,095

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			-84
b			717
c			-808
d			7,139
e			-707
			-528
			-103
			-1,359
			90
			-460
			-19
			-48
			-25
			6,206
			-157
			14,607
			-5,845
			136
			3,677
			-49
			2,046
			644
			-114
			-114
			10,061
			252
			3,212
			1,187
			3,110
			-1,555
			-375
			-4,214
			-1,546
			392
			-193
			2,730
			89
			4,841
			515
			5,556
			-2,051
			-1,939
			2,766
			99
			764
			323
			210
			2
			-29
			769
			-364
			1,315
			-413
			-944
			-333
			30,249
			72,354
			-306
			775
			303
			432
			-32
			9,781
			15,967
			-21
			309
			5,227
			325
			1,807
			779
			1,033
			543
			4,650
			4,188
			-689
			8,030
			3,939
			-829
			-702
			509
			-777
			-2,309
			-1,118
			-1,265
			-172
			8,570
			65
			4,063
			2,048
			7,908
			1,083
			1,248
			2,602
			-2,025
			-1,009
			-4,692
			46
			585
			268
			211
			148
			8,533
			3,945
			2,570
			-1,692
			-1,706
			5,134
			691
			3,216
			321
			3,597
			-801
			999
			-1,507
			19,466
			7,849
			-520
			2,440
			328
			-1,352
			-305
			-121
			1,038
			49
			488
			-564
			-798
			-310
			-2,700
			25
			1,234
			-1,402
			-645
			-201
			1,016
			7,667
			253
			-91
			946
			1,212
			5,716
			1,934
			28
			1,033
			303
			322
			2,298
			469
			-1,497
			-164
			-458
			-2,384
			-311
			-88
			-1,047
			-3,513

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	340,216
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	165,539	7,093,741	0.023336
2013	189,425	6,584,063	0.02877
2012
2011
2010

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

20.052106

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.026053

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

7,235,990

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

188,519

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

4,517

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

193,036

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

328,536

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	4,517
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	4,517
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	4,517
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	11,620
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	11,620
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	3
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	7,100
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax2,260	Refunded	11	4,840

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

pncsites.com/pncfoundation/charitable_trusts.

The books are in care of bullet

PNC BANK NA Telephone no. bullet

(412) 762-8133

Located at bullet

620 LIBERTY AVENUE 10TH FLOORPITTSBURGHPA ZIP+4 bullet

15222

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 6

Part VII-B

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
PNC BANK NA	TRUSTEE 13	74,123
620 LIBERTY AVE PITTSBURGH,PA152222705	TRUSTEE 13	74,123

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


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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

7,346,183

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

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

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

7,346,183

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

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

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

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

7,346,183

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

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

110,193

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

7,235,990

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

361,800

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

361,800

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

4,517

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

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

4,517

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

357,283

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

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

357,283

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

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

357,283

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

328,536

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

328,536

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

4,517

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

324,019

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

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					357,283
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				305,730
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: $ 328,536
a Applied to 2014, but not more than line 2a				305,730
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.....					22,806
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 ..........					334,477
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

Form 990-PF (2015)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

STEPHEN KOSAK
248 SENECA STREET
OIL CITY,PA16301
(814) 678-3545

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

GRANT REQUESTS MUST BE MADE ONLINE THROUGH CYBER GRANTS

cAny submission deadlines:

FEBRUARY 1, MAY 1, AUGUST, 1 AND OCTOBER 1. DECISIONS MADE IN MARCH, JUNE, SEPTEMBER, & NOVEMBER

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

NONE

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOYS AND GIRLS CLUB ALONG THE ALLEGHENY P O BOX 2 511 HILL STREET EMLENTON,PA163730002	NONE	PC	BOYS & GIRLS CLUB PROGRAMS	40,000
COMMUNITY SERVICES OF VENENGO COUNTY INC 206 SENECA ST OIL CITY,PA163011317	NONE	PC	COMMUNITY SERVICES PROGRAM	129,000
BRIDGE BUILDERS COMMUNITY FDN 206 SENECA STREET NATIONAL TRANSIT OIL CITY,PA16301	NONE	PC	TOWN SQUARE FUND	17,615
OIL CITY CIVIC CENTER 206 SENECA ST OIL CITY,PA163011317	NONE	PC	IMPOROVEMENTS &SHARED	18,602
PENNSYLVANIA PARKS AND FORESTS FOUNDATIO 1845 MARKET ST STE 3 CAMP HILL,PA170114829	NONE	PC	OIL CREEK ST PART PLAY	58,896
VENENGO COUNTY ASSOC FOR THE BLIND P O BOX 515 SENECA,PA163460515	NONE	PC	BLIND & VISUALLY IMPARED	41,617
Total ................................. 3a				305,730

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	171,915
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	340,216
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)..				512,131

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

13512,131

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2015)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

FREDERICK AND ELLEN FAIR MEMORIAL FUND

EIN:

25-6082935

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MUTUAL FUNDS - FIXED INCOME	AT COST	1,347,691	1,314,597
MUTUAL FUNDS - EQUITIES	AT COST	2,031,217	2,474,615
PARTNERSHIPS
ALTERNATIVE INVESTMENTS	AT COST	644,615	636,491

- TIN:

TY 2015 OtherDecreasesSchedule

Name:

FREDERICK AND ELLEN FAIR MEMORIAL FUND

EIN:

25-6082935

Description	Amount
PTP COST ADJ FOR SALE	929
ROUNDING ADJ FOR SALES AND TRANSACTIONS	9

- TIN:

TY 2015 OtherExpensesSchedule

Name:

FREDERICK AND ELLEN FAIR MEMORIAL FUND

EIN:

25-6082935

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GRANTMAKING FEES	7,981	0		7,981
PARTNERSHIP - EXPENSE		10		0

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

FREDERICK AND ELLEN FAIR MEMORIAL FUND

EIN:

25-6082935

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
POWERSHARES DB AGRICULTURE FUND		-919

- TIN:

TY 2015 TaxesSchedule

Name:

FREDERICK AND ELLEN FAIR MEMORIAL FUND

EIN:

25-6082935

Category	Amount	Net Investment Income
FOREIGN TAXES	190	190
FEDERAL TAX PAYMENT - PRIOR YE	38	0
FEDERAL ESTIMATES - PRINCIPAL	11,620	0