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
DL SAUNDERS LAWRENCE SAUNDERS
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)C/O PA TRUST CO 5 RADNOR CTR NO 450
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RADNOR, PA19087
A Employer identification number

23-6488524
B Telephone number (see instructions)

(610) 975-4300
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$1,985,661J 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      
4 Dividends and interest from securities... 52,914 52,914  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 220,327
b Gross sales price for all assets on line 6a 633,069
7 Capital gain net income (from Part IV, line 2)... 220,327
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........ 273,241 273,241  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 21,572 10,223   11,349
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,300 0   1,300
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,554 1,435   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 152 32   120
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,578 11,690   12,769
25 Contributions, gifts, grants paid....... 99,000 99,000
26 Total expenses and disbursements. Add lines 24 and 25 125,578 11,690   111,769
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 147,663
b Net investment income (if negative, enter -0-) 261,551
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............   227 227
2 Savings and temporary cash investments......... 29,931 26,119 26,119
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)....... 927,273 Click to see attachment946,727 1,292,704
c Investments—corporate bonds (attach schedule)....... 326,233 Click to see attachment276,756 277,218
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 221,021 Click to see attachment403,240 389,393
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) 1,504,458 1,653,069 1,985,661
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 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........ 1,504,458 1,653,069
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 1,504,458 1,653,069
31 Total liabilities and net assets/fund balances (see instructions). 1,504,458 1,653,069
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
1,504,458
2
Enter amount from Part I, line 27a .....................
2
147,663
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
949
4
Add lines 1, 2, and 3 ..........................
4
1,653,070
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,653,069
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 625,060   412,742 212,318
b 8,009     8,009
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       212,318
b       8,009
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 220,327
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 108,679 2,123,102 0.051189
2013 107,192 1,985,868 0.053977
2012 92,151 1,887,073 0.048833
2011 101,954 1,907,225 0.053457
2010 98,681 1,836,686 0.053728
2
Total of line 1, column (d) .....................
20.261184
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
0.052237
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,086,293
5
Multiply line 4 by line 3......................
5
108,982
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,616
7
Add lines 5 and 6........................
7
111,598
8
Enter qualifying distributions from Part XII, line 4.............
8
111,769
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,616
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,616
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,616
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 1,720
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,720
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 9 896
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletRADCLYFFE F THOMPSON Telephone no.bullet (610) 975-4300

    Located atbullet5 RADNOR CORP CTR STE 450RADNORPA ZIP+4bullet19087
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ANNE B KELLETT TRUSTEE
    0.10     		0 0 0
    277 BROUGHTON LANE
    VILLANOVA,PA19085
    MORTON SAUNDERS TRUSTEE
    0.10     		0 0 0
    112 OLD GULPH ROAD
    GLADWYNE,PA19035
    MARY JO STRAWBRIDGE TRUSTEE
    0.10     		0 0 0
    200 WEST WASHINGTON SQUARE APT 4404
    PHILADELPHIA,PA19106
    THE PENNSYLVANIA TRUST CO TRUSTEE
    5.00     		21,572 0 0
    5 RADNOR CORP CTR STE 450
    RADNOR,PA19087
    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.........................bullet0
    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
    2,081,703
    b
    Average of monthly cash balances.......................
    1b
    36,361
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,118,064
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,118,064
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    31,771
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,086,293
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    104,315
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    104,315
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    2,616
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,616
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    101,699
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    101,699
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    101,699
    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
    111,769
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    111,769
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    2,616
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    109,153
    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 7 101,699
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 7,485
    b From 2011...... 7,319
    c From 2012......  
    d From 2013...... 10,515
    e From 2014...... 4,243
    fTotal of lines 3a through e........ 29,562
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 111,769
    a Applied to 2014, but not more than line 2a 0
    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..... 101,699
    e Remaining amount distributed out of corpus 10,070
    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 39,632
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		7,485
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		32,147
    10 Analysis of line 9:
    a Excess from 2011.... 7,319
    b Excess from 2012....  
    c Excess from 2013.... 10,515
    d Excess from 2014.... 4,243
    e Excess from 2015.... 10,070
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    RADCLYFFE F THOMPSON
    5 RADNOR CORP CTR STE 450
    RADNOR,PA19087
    (610) 975-4317
    bThe form in which applications should be submitted and information and materials they should include:
    FOUNDATION SUPPLIED APPLICATION
    cAny submission deadlines:
    JUNE 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THREE CONSECUTIVE YEAR LIMIT
    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
    ADOPTION CENTER OF DELAWARE AVENUE
    1500 WALNET STREET
    PHILDELPHIA,PA19102     		NONE PUBLIC CHARITY A CHILD ADOPTION SERVICES 5,000
    ASIAN ART INSTITUTE
    1219 VINE STREET
    PHILADELPHIA,PA19121     		NONE PUBLIC CHARITY YOUTH ARTS WORKSHOP 4,000
    CHESTER CHILDREN'S CHORUS
    500 COLLEGE AVENUE
    SWARTHMORE,PA19081     		NONE PUBLIC CHARITY SUMMER LEARNING PROGRAM 3,500
    EPISCOPAL COMMUNITY SERVICES
    221 SOUTH THIRD STREET
    PHILADELPHIA,PA19106     		NONE PUBLIC CHARITY ST. BARNABAS MISSION AFTER-SCHOOL PROGRAM 3,000
    MIGHTY WRITERS
    1501 CHRISTIAN STREET
    PHILADELPHIA,PA19146     		NONE PUBLIC CHARITY MIGHTY WRITERS ACADEMY PROGRAM 4,000
    NEIGHBORHOOD GARDENS TRUST
    100 NORTH 20TH STREET
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY FOR THE URBAN LAND TRUST CAPACITY-BUILDING GRANT 3,000
    NORRIS SQUARE NEIGHBORHOOD PROJECT
    2141 N HOWARD STREET
    PHILADELPHIA,PA19122     		NONE PUBLIC CHARITY FOR THE GARDENS AND CULTURE AFTER-SCHOOL PROJECT 4,000
    PENNSYLVANIA HORTICULTURAL SOCIETY
    100 N 20TH STREET
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY CITY HARVEST PROGRAM 5,000
    SENIOR COMMUNITY CENTER
    600 SWARTHMORE AVENUE
    PHILADELPHIA,PA19033     		NONE PUBLIC CHARITY SUPPLYING HOT MEALS FOR HOMEBOUND ELDERLY IN CHESTER 5,000
    WOODMERE ART MUSEUM
    9201 GERMANTOWN AVENUE
    PHILADELPHIA,PA19118     		NONE PUBLIC CHARITY PHILAARTDELPHIA EDUCATION PROGRAMMING 5,000
    SALLY LOVE SAUNDERS POETRY & ARTS FDN
    639 TIMBER LANE
    DEVON,PA19333     		NONE PUBLIC CHARITY FOR CHARITABLE PURPOSES 9,000
    NORRISTOWN ZOOLOGICAL SOCIETY (ELMWOOD PARK ZOO)
    1661 HARDING BOULEVARD
    NORRISTOWN,PA19401     		NONE PUBLIC CHARITY FOR ANIMAL THERAPY FOR CHILD BURN SURVIVORS 1,000
    GESU SCHOOL
    1700 WEST THOMPSON STREET
    PHILADELPHIA,PA19121     		NONE PUBLIC CHARITY FOR THE LITERACY DEVELOPMENT PROGRAM 5,000
    PHILADELPHIA YOUNG PLAYWRIGHTS
    1219 VINE STREET - 3RD FLOOR
    PHILADELPHIA,PA19107     		NONE PUBLIC CHARITY FOR THE CORE PLAYWRITING PROGRAM IN THE SCHOOL DISTRICT OF PHILADELPHIA 3,500
    PLEASE TOUCH MUSEUM
    4231 AVENUE OF THE REPUBLIC
    PHILADELPHIA,PA19131     		NONE PUBLIC CHARITY FOR THE ACES PROGRAM 4,000
    PHILADELPHIA ZOO
    3400 WEST GIRARD AVENUE
    PHILADELPHIA,PA19104     		NONE PUBLIC CHARITY FOR THE ZOO CREW EDUCATION/MENTORING PROGRAM 2,000
    PHILADELPHIA ORCHARD
    4934 LARCHWOOD AVENUE
    PHILADELPHIA,PA19143     		NONE PUBLIC CHARITY FOR P.O.P. ENVIRONMENTAL EDUCATION PROGRAMS 3,000
    ST JAMES SCHOOL
    3217 WEST CLEARFIELD STREET
    PHILADELPHIA,PA19132     		NONE PUBLIC CHARITY FOR THE HIGH SCHOOL PLACEMENT AND GRADUATE SUPPORT PROGRAM 5,000
    URBANSTEAD
    1708 RIDGE AVENUE
    PHILADELPHIA,PA19130     		NONE PUBLIC CHARITY FOR THE YOUTH PLOTS URBAN FARMING YOUTH PROGRAM 3,000
    VOLUNTEER ENGLISH PROGRAM IN CHESTER COUNTY
    790 EAST MARKET STREET
    PHILADELPHIA,PA19382     		NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 3,000
    INTERFAITH HOSPITALITY NETWORK OF THE MAIN LINE
    1449 DEKALB STREET
    NORRISTOWN,PA19401     		NONE PUBLIC CHARITY FOR THE SERVICES FOR HOMELESS FAMILIES 5,000
    ALLENS LANE ART CENTER
    601 WEST ALLENS LANE
    PHILADELPHIA,PA19119     		NONE PUBLIC CHARITY THE CAMP SCHOLARSHIPS FOR HOMELESS CHILDREN 3,000
    PALS FOR LIFE
    939 RADNOR ROAD
    WAYNE,PA19087     		NONE PUBLIC CHARITY FOR OPERATING EXPENSES FOR PET-ASSISTED THERAPHY PROGRAMS 3,000
    JENKINS ARBORETUM & GARDENS
    631 BERWYN BAPTIST ROAD
    DEVON,PA19333     		NONE PUBLIC CHARITY FOR THE FUNDING THE SUMMER HORTICULTURAL INTERN POSITIONS 5,000
    GIRLS ON THE RUN PHILADELPHIA
    PO BOX 30072
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY FOR THE FUNDING OF TWO NEW HEART AND SOLE SITES 3,000
    Total .................................bullet 3a 99,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    4 Dividends and interest from securities....     14 52,914  
    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 ............     		    18 220,327  
    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).. 0 273,241 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13273,241
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    DL SAUNDERS LAWRENCE SAUNDERS
     
    FOUNDATION
    EIN:
    23-6488524
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 1,300 0   1,300

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    DL SAUNDERS LAWRENCE SAUNDERS
     
    FOUNDATION
    EIN:
    23-6488524
    Name of Bond End of Year Book Value End of Year Fair Market Value
    25,000 IBM 2% 1/05/16 24,440 25,000
    50,000 INTEL CORP 1.95% 10/01/16 50,539 50,312
    50,000 GEN ELEC CAP CRP MTN 3.25% 9/15/17 50,000 51,389
    50,000 TOYOTA MTR MTN VPQ .486% 10/30/17 50,000 49,943
    50,000 VERIZON COMM V-Q VAR CPN 9/14/18 50,665 51,197
    50,000 BP CAP MKTS PLC 3.245% 5/6/2022 51,112 49,377

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    DL SAUNDERS LAWRENCE SAUNDERS
     
    FOUNDATION
    EIN:
    23-6488524
    Name of Stock End of Year Book Value End of Year Fair Market Value
    445 SHS PRICE T ROWE GROUP INC 11,473 31,813
    600 SHS US BANCORP 18,834 25,602
    400 SHS APPLE INC 23,310 42,104
    600 SHS AUTOMATIC DATA PROCESSING INC 23,615 50,832
    850 SHS INTEL CORP 24,709 29,282
    800 SHS MICROSOFT CORP 21,720 44,384
    500 SHS QUALCOMM INC 27,515 24,992
    600 SHS EXPRESS SCRIPTS HLDG 35,791 52,446
    400 SHS JOHNSON & JOHNSON 26,944 41,088
    600 SHS NOVATIS AG SPONSORED ADR 24,051 51,624
    600 SHS CVS HEALTH CORP 33,024 58,662
    400 SHS PEPSICO INC 19,280 39,968
    400 SHS PROCTER & GAMBLE CO 16,281 31,764
    800 SHS COMCAST CORP CLASS A 36,233 45,144
    500 SHS VF CORP 8,563 31,125
    1,500 SHS GENERAL ELECTRIC CO 46,977 46,725
    500 SHS UNITED PARCEL SERVICE 37,743 48,115
    400 SHS CHEVRON CORP 17,650 35,984
    400 SHS EXXON MOBIL CORP 15,888 31,180
    400 SHS PRAXAIR INC 10,047 40,960
    2,000 BANK OF AMERICA CORP 34,140 33,660
    300 SHS AMGEN INC COM 36,815 48,699
    600 SHS TARGET CORP 37,206 43,566
    270 SHS AMERICAN EXPRESS CO 21,249 18,778
    400 SHS GILEAD SCIENCES INC 41,060 40,476
    480 SHS HERSHEY CO 42,576 42,850
    300 SHS HOME DEPOT INC 34,374 39,675
    360 SHS JM SMUCKER CO 42,268 44,402
    900 SHS ORACLE CORP 37,545 32,877
    300 SHS UNION PACIFIC CORP 27,955 23,460
    400 SHS VISA INC 21,432 31,020
    400 SHS WALT DISNEY CO 42,688 42,032
    680 SHS WELLS FARGO & CO 36,997 36,965
    100 SHS ACCENTURE PLC 10,774 10,450

    TY 2015 InvestmentsOtherSchedule2
    Name:
    DL SAUNDERS LAWRENCE SAUNDERS
     
    FOUNDATION
    EIN:
    23-6488524
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    6,000 SHS DOUBLELINE TOTAL RET BD-I AT COST 66,180 64,680
    3,000 SHS VANGUARD S/T BOND INDX-ADM AT COST 31,830 31,290
    650 SHS ISHARES RUSSELL 2000 ETF AT COST 66,951 73,203
    2,300 SHS MATTHEWS PACIFIC TIGER FD-IS AT COST 56,366 54,096
    2,300 HARTFORD WORLD BOND-Y AT COST 24,863 23,230
    300 SHS ISHARES RUSSELL MIDCAP FUND AT COST 52,438 48,054
    400 SHS WISDOM TREE EUROPE HEDGED EQUITY FUND AT COST 27,328 21,524
    500 SHS WISDOM TREE JAPAN HEDGED EQUITY FUND AT COST 28,180 25,040
    1,800 SHS BANCORP VARIABLE 6% AT COST 49,104 48,276

    TY 2015 OtherDecreasesSchedule
    Name:
    DL SAUNDERS LAWRENCE SAUNDERS
     
    FOUNDATION
    EIN:
    23-6488524
    Description Amount
    ROUNDING 1


    TY 2015 OtherExpensesSchedule
    Name:
    DL SAUNDERS LAWRENCE SAUNDERS
     
    FOUNDATION
    EIN:
    23-6488524
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR ISSUER FEE 32 32   0
    MISCELLANEOUS EXPENSE 120 0   120


    TY 2015 OtherIncreasesSchedule
    Name:
    DL SAUNDERS LAWRENCE SAUNDERS
     
    FOUNDATION
    EIN:
    23-6488524
    Description Amount
    CASH RECEIPTS VS ACCRUED INCOME DECLARED 949


    TY 2015 TaxesSchedule
    Name:
    DL SAUNDERS LAWRENCE SAUNDERS
     
    FOUNDATION
    EIN:
    23-6488524
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 1,435 1,435   0
    2014 EXCISE TAX BALANCE DUE 399 0   0
    2015 EXCISE TAX PAYMENTS 1,720 0   0