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
ZUCKERMAN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1049 BLUFF ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GLENCOE, IL60022
A Employer identification number

36-4120779
B Telephone number (see instructions)

(312) 948-8000
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$1,624,897J 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) 263,196
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 149 149  
4 Dividends and interest from securities... 31,330 31,330  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 190,408
b Gross sales price for all assets on line 6a 1,703,134
7 Capital gain net income (from Part IV, line 2)... 332,016
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)....... Click to see attachment 39 39  
12 Total. Add lines 1 through 11........ 485,122 363,534  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest............... 71 71   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,214 748   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 284 284   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,569 1,103   0
25 Contributions, gifts, grants paid....... 312,262 312,262
26 Total expenses and disbursements. Add lines 24 and 25 315,831 1,103   312,262
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 169,291
b Net investment income (if negative, enter -0-) 362,431
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............. 40,159 337,473 337,473
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,285,654 Click to see attachment1,224,862 1,287,399
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 39,200 Click to see attachment530 25
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) 1,365,013 1,562,865 1,624,897
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........ 10,669 10,669
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 1,354,344 1,552,196
30 Total net assets or fund balances (see instructions)..... 1,365,013 1,562,865
31 Total liabilities and net assets/fund balances (see instructions). 1,365,013 1,562,865
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
1,365,013
2
Enter amount from Part I, line 27a .....................
2
169,291
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
28,561
4
Add lines 1, 2, and 3 ..........................
4
1,562,865
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,562,865
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 KKR K-1 CAPITAL GAIN & SEC 1231 GAIN P    
b AGCO CORP DEL COM )M - 210 SHS P 2014-08-27 2015-07-17
c AGCO CORP DEL COM )M - 190 SHS P 2014-08-28 2015-07-17
d AH BELO CORP COM SE R A - 1,600 SHS P 2014-09-10 2015-09-09
e AH BELO CORP COM SE R A - 450 SHS P 2015-02-24 2015-09-28
AIMIA INC COM ISIN#C A00900Q1037 - 10 SHS P 2015-02-27 2015-08-26
AMERICAN CAPITAL LTD COM - 850 SHS P 2014-08-06 2015-07-20
AMERICAN CAPITAL LTD COM - 890 SHS P 2014-11-25 2015-09-04
AMERICAN CAPITAL LTD COM - 210 SHS P 2014-11-25 2015-10-06
AMERICAN EXPRESS COM PANY - 400 SHS P 2015-03-12 2015-05-15
ATWOOD OCEANICS INC - 650 SHS P 2014-09-29 2015-02-10
ATWOOD OCEANICS INC - 150 SHS P 2014-11-11 2015-02-10
ATWOOD OCEANICSINC - 100 SHS P 2014-11-11 2015-06-10
ATWOOD OCEANICSINC - 300 SHS P 2014-11-26 2015-06-10
ATWOOD OCEANICSINC - 300 SHS P 2014-11-28 2015-06-10
ATWOOD OCEANICSINC - 100 SHS P 2015-03-13 2015-06-10
BECTON DICKINSON & C O - 45 SHS P 2015-09-01 2015-11-19
BLACKROCK FLOATING R ATE INCOME TR COM - 265 SHS P 2015-07-20 2015-11-19
BLACKSTONE GSO LON G SHORT CREDIT INCOM E FD COM SHS OF BEN - 270 SHS P 2015-08-06 2015-11-19
BRINKS CO COM - 545 SHS P 2015-05-11 2015-11-19
CBS CORP CL B CON1 - 300 SHS P 2014-03-28 2015-03-23
CBS CORP CL B CON1 - 200 SHS P 2014-05-09 2015-03-23
CBS CORP CL B CON1 - 180 SHS P 2015-08-21 2015-11-19
CSW INDUSTRIALS INC COM - 4,600 SHS P 2015-06-11 2015-12-23
COWEN GROUP INC NEW CL A - 2,290 SHS P 2015-02-13 2015-05-29
COWEN GROUP INC NEW CL A - 3,050 SHS P 2015-02-25 2015-05-29
COWEN GROUP INC NEW CL A - 1,710 SHS P 2015-02-13 2015-06-01
DU PONT E I DE NEMOU RS & CO COM - 70 SHS P 2015-09-01 2015-11-19
EATON VANCE FLOATING RATE INCOME TR COM - 295 SHS P 2015-07-23 2015-11-19
MENS WEARHOUSEINC C OM - 650 SHS P 2014-12-11 2015-03-11
MICROSOFT CORP COM - 350 SHS P 2015-01-28 2015-11-19
MOTOROLA SOLUTIONS INC COM NEW - 100 SHS P 2015-04-02 2015-09-28
MOTOROLA SOLUTIONS INC COM NEW - 100 SHS P 2015-04-02 2015-11-19
NATIONAL OILWELL VAR CO INC - 200 SHS P 2014-11-28 2015-04-15
NATIONAL OILWELL VAR CO INC - 200 SHS P 2015-02-10 2015-06-09
NUVEEN FLTNG RATE IN COME OPPTNTY FD COM SHS - 280 SHS P 2015-07-20 2015-11-19
PRGX GLOBAL INTL COM NEW - 1,100 SHS P 2014-05-22 2015-05-06
PRGX GLOBAL INTL COM NEW - 1,150 SHS P 2014-05-22 2015-05-18
PRGX GLOBAL INTL COM NEW - 1,400 SHS P 2014-08-01 2015-05-18
PRGX GLOBAL INTL COM NEW - 1,650 SHS P 2014-08-01 2015-07-01
PIONEER FLOATING RAT E TR COM - 345 SHS P 2015-07-23 2015-11-19
POTBELLY CORP COM - 2,400 SHS P 2014-07-14 2015-01-23
SABRE CORP COM - 130 SHS P 2015-01-14 2015-11-19
SABRE CORP COM - 200 SHS P 2015-01-15 2015-11-19
SYNCHRONY FINL COM - 400 SHS P 2014-09-02 2015-08-27
SYNCHRONY FINL COM - .117 SHS P 2015-06-22 2015-11-23
VERITIV CORP COM - 1,520 SHS P 2014-07-01 2015-04-01
VIRTUS INVT PARTNERS INC COM - 125 SHS P 2015-07-06 2015-11-19
AGCO CORP DEL COM - 205 SHS P 2014-08-28 2015-11-19
A H BELO CORP COM SE R A - 450 SHS P 2011-07-18 2015-09-28
A H BELO CORP COM SE R A - 850 SHS P 2011-09-14 2015-09-28
A H BELO CORP COM SE R A - 650 SHS P 2012-02-21 2015-09-28
A H BELO CORP COM SE R A - 640 SHS P 2014-07-24 2015-09-28
A H BELO CORP COM SE R A - 30 SHS P 2014-09-10 2015-09-28
ADVANCE AUTO PTS INC COM - 150 SHS P 2012-09-21 2015-02-10
ADVANCE AUTO PTS INC COM - 20 SHS P 2012-09-21 2015-03-17
ADVANCE AUTO PTS INC COM - 150 SHS P 2012-10-04 2015-03-17
AIMIA INC COM ISIN#C A00900Q1037 - 1,310 SHS P 2011-05-02 2015-07-22
AIMIA INC COM ISIN#C A00900Q1037 - 40 SHS P 2013-03-20 2015-07-22
AIMIA INC COM ISIN#C A00900Q1037 - 900 SHS P 2013-06-03 2015-07-22
AIMIA INC COM ISIN#C A00900Q1037 - 1,000 SHS P 2014-03-10 2015-07-22
AIMIAINC COM ISIN#C A00900Q1037 - 390 SHS P 2011-05-02 2015-08-26
AIMIAINC COM ISIN#C A00900Q1037 - 900 SHS P 2011-06-24 2015-08-26
AIMIAINC COM ISIN#C A00900Q1037 - 700 SHS P 2011-09-29 2015-08-26
AMERICAN CAPITAL LTD COM - 1,600 SHS P 2014-01-28 2015-07-20
AMERICAN CAPITAL LTD COM - 160 SHS P 2014-08-06 2015-09-04
AMERICAN CAPITAL LTD COM - 2,150 SHS P 2013-11-12 2015-10-06
AMERICAN CAPITAL LTD COM - 1,000 SHS P 2013-11-22 2015-10-06
AMERICAN CAPITAL LTD COM - 500 SHS P 2014-05-30 2015-10-06
BERKSHIRE HATHAWAY I NC DEL CL B NEW - 35 SHS P 2014-03-31 2015-07-17
BERKSHIRE HATHAWAY I NC DEL CL B NEW - 185 SHS P 2014-03-31 2015-07-27
BERKSHIRE HATHAWAY 1 NC DEL CL B NEW - 100 SHS P 2014-03-31 2015-08-26
BERKSHIRE HATHAWAY 1 NC DEL CL B NEW - 20 SHS P 2014-03-31 2015-11-19
CBS CORP CL B COIV1 - 100 SHS P 2014-05-09 2015-11-19
E L FINL LTD COM ISI N#CA2685751075 - 42 SHS P 2012-02-09 2015-02-10
E L FINL LTD COM ISI N#CA2685751075 - 10 SHS P 2013-11-01 2015-02-10
E L FINL LTD COM ISI N#CA2685751075 - 18 SHS P 2012-02-09 2015-02-11
LEGG MASON INC - 820 SHS P 2013-02-26 2015-03-17
MICROSOFT CORP COM - 20 SHS P 2012-11-29 2015-11-19
MOTOROLA SOLUTIONS 1 NC COM NEW - 150 SHS P 2014-04-22 2015-09-28
MOTOROLA SOLUTIONS 1 NC COM NEW - 65 SHS P 2014-05-01 2015-11-19
NATIONAL OILWELL VAR CO INC - 300 SHS P 2013-06-18 2015-04-15
NATIONAL OILWELL VAR CO INC - 20 SHS P 2013-06-24 2015-04-15
NATIONAL OILWELL VAR CO INC - 130 SHS P 2014-02-04 2015-04-15
NATIONAL OILWELL VAR CO INC - 230 SHS P 2013-06-24 2015-06-09
NEWS CORP NEW CL A - 845 SHS P 2013-08-14 2015-11-17
NEWS CORP NEW CL A - 860 SHS P 2013-08-14 2015-11-19
NEWS CORP NEW CL A - 245 SHS P 2013-08-14 2015-11-20
NEWS CORP NEW CL A - 900 SHS P 2013-09-04 2015-11-20
NEWS CORP NEW CL A - 155 SHS P 2014-10-02 2015-11-20
PRGX GLOBAL INTL COM NEW - 2,750 SHS P 2013-03-26 2015-05-06
PRGX GLOBAL INTL COM NEW - 3,200 SHS P 2013-04-29 2015-09-09
PRGX GLOBAL INTL COM NEW - 180 SHS P 2014-08-01 2015-09-09
POTBELLY CORP COM - 1,100 SHS P 2014-07-14 2015-07-15
POTBELLY CORP COM - 1,075 SHS P 2014-07-14 2015-11-19
WESTWOOD HLDGS GROUP INC COM - 100 SHS P 2013-02-20 2015-02-04
WESTWOOD HLDGS GROUP INC COM - 200 SHS P 2013-02-20 2015-04-06
WESTWOOD HLDGS GROUP INC COM - 150 SHS P 2013-02-27 2015-04-06
WESTWOOD HLDGS GROUP INC COM - 200 SHS P 2013-05-03 2015-04-06
KKR & CO L P DEL COM UNITS - 450 SHS P 2014-04-15 2015-02-03
KKR & CO L P DEL COM UNITS - 550 SHS P 2014-04-24 2015-02-03
KKR & CO L P DEL COM UNITS - 100 SHS P 2014-04-15 2015-04-08
CSW INDUSTRIALS INC COM - 300 SHS P 2011-01-14 2015-12-23
CSW INDUSTRIALS INC COM - 635 SHS P 2011-01-14 2015-12-28
KKR & CO L P DEL COM UNITS - 900 SHS P 2011-09-29 2015-04-08
SOLARCITY CORP COM - 1,400 SHS P 2012-02-24 2015-03-17
SOLARCITY CORP COM - 415 SHS P 2012-02-24 2015-07-30
SOLARCITY CORP COM - 505 SHS P 2012-02-24 2015-07-31
SOLARCITY CORP COM - 505 SHS P 2012-02-24 2015-08-26
ADVANCE AUTO PTSINC COM - 220 SHS D 2012-10-04 2015-05-27
ADVANCE AUTO PTSINC COM - 430 SHS D 2012-10-04 2015-05-27
KKR & CO L P DEL COM UNITS - 4,670 SHS D 2011-09-23 2015-04-09
KKR & CO L P DEL COM UNITS - 2,460 SHS D 2011-09-23 2015-04-09
CAPITAL SW COR FUND P    
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 587     587
b 11,367   10,214 1,153
c 10,284   9,180 1,104
d 8,017   18,197 -10,180
e 2,129   4,166 -2,037
83   102 -19
11,447   12,940 -1,493
12,152   13,469 -1,317
2,538   3,178 -640
32,008   32,410 -402
22,084   28,733 -6,649
5,096   5,412 -316
3,097   3,608 -511
9,293   10,247 -954
9,293   9,657 -364
3,097   2,786 311
6,732   6,196 536
3,340   3,480 -140
3,649   4,160 -511
17,119   18,228 -1,109
18,827   18,842 -15
12,551   11,263 1,288
9,221   8,180 1,041
176,228   147,980 28,248
13,444   10,956 2,488
17,906   15,357 2,549
9,967   8,181 1,786
4,640   3,526 1,114
3,835   4,161 -326
31,106   26,222 4,884
19,001   14,843 4,158
6,789   6,247 542
7,246   6,247 999
11,189   13,428 -2,239
9,624   10,465 -841
2,684   3,077 -393
4,827   7,109 -2,282
5,605   7,432 -1,827
6,824   8,449 -1,625
7,119   9,957 -2,838
3,673   4,006 -333
33,647   28,544 5,103
3,734   2,504 1,230
5,745   3,860 1,885
12,842   10,338 2,504
4   3 1
68,759   57,053 11,706
16,483   15,907 576
9,903   9,904 -1
2,129   3,244 -1,115
4,021   4,113 -92
3,075   3,564 -489
3,028   7,259 -4,231
142   341 -199
24,242   10,355 13,887
3,001   1,381 1,620
22,510   10,349 12,161
14,027   17,987 -3,960
428   592 -164
9,637   13,104 -3,467
10,708   15,988 -5,280
3,249   5,355 -2,106
7,498   12,336 -4,838
5,831   8,057 -2,226
21,547   25,447 -3,900
2,185   2,436 -251
25,987   30,369 -4,382
12,087   15,073 -2,986
6,043   7,378 -1,335
5,017   4,371 646
26,047   23,103 2,944
12,918   12,488 430
2,713   2,498 215
5,123   5,632 -509
22,334   16,477 5,857
5,318   6,665 -1,347
9,516   7,062 2,454
46,691   22,680 24,011
1,086   547 539
10,184   9,509 675
4,710   4,012 698
16,783   19,292 -2,509
1,119   1,195 -76
7,273   8,659 -1,386
11,067   13,738 -2,671
11,967   13,488 -1,521
12,085   13,728 -1,643
3,482   3,911 -429
12,791   14,344 -1,553
2,203   2,459 -256
12,068   19,607 -7,539
11,746   18,015 -6,269
661   1,086 -425
14,882   13,082 1,800
12,753   12,785 -32
5,995   4,383 1,612
11,947   8,767 3,180
8,960   6,454 2,506
11,947   8,339 3,608
10,897   10,283 614
13,318   13,716 -398
2,243   2,282 -39
11,493   6,398 5,095
24,228   13,542 10,686
20,183   12,456 7,727
68,696   13,552 55,144
24,074   4,017 20,057
29,744   4,888 24,856
20,808   4,888 15,920
34,680   15,178 19,502
67,784   29,667 38,117
104,798   50,265 54,533
55,204   26,478 28,726
4,928     4,928
460     460
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       587
b       1,153
c       1,104
d       -10,180
e       -2,037
      -19
      -1,493
      -1,317
      -640
      -402
      -6,649
      -316
      -511
      -954
      -364
      311
      536
      -140
      -511
      -1,109
      -15
      1,288
      1,041
      28,248
      2,488
      2,549
      1,786
      1,114
      -326
      4,884
      4,158
      542
      999
      -2,239
      -841
      -393
      -2,282
      -1,827
      -1,625
      -2,838
      -333
      5,103
      1,230
      1,885
      2,504
      1
      11,706
      576
      -1
      -1,115
      -92
      -489
      -4,231
      -199
      13,887
      1,620
      12,161
      -3,960
      -164
      -3,467
      -5,280
      -2,106
      -4,838
      -2,226
      -3,900
      -251
      -4,382
      -2,986
      -1,335
      646
      2,944
      430
      215
      -509
      5,857
      -1,347
      2,454
      24,011
      539
      675
      698
      -2,509
      -76
      -1,386
      -2,671
      -1,521
      -1,643
      -429
      -1,553
      -256
      -7,539
      -6,269
      -425
      1,800
      -32
      1,612
      3,180
      2,506
      3,608
      614
      -398
      -39
      5,095
      10,686
      7,727
      55,144
      20,057
      24,856
      15,920
      19,502
      38,117
      54,533
      28,726
      4,928
      460
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 2 332,016
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 409,185 1,720,153 0.237877
2013 318,423 1,437,174 0.221562
2012 330,837 1,232,571 0.268412
2011 296,337 1,449,775 0.204402
2010 329,828 724,550 0.455218
2
Total of line 1, column (d) .....................
21.387471
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
0.277494
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,715,070
5
Multiply line 4 by line 3......................
5
475,922
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,624
7
Add lines 5 and 6........................
7
479,546
8
Enter qualifying distributions from Part XII, line 4.............
8
312,262
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 7,249
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 7,249
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 7,249
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 13,000
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 13,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,751
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,751 RefundedBullet 11 0
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)
    bulletIL
    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 ofbulletNATHAN GROSSMAN Telephone no.bullet (312) 568-5550

    Located atbullet20 S CLARK STREET 1650CHICAGOIL ZIP+4bullet60603
    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
    SHERWIN ZUCKERMAN PRES, DIR, SEC
    0.00     		0 0 0
    1049 BLUFF ROAD
    GLENCOE,IL60622
    SHERI ZUCKERMAN TREAS, DIR
    0.00     		0 0 0
    1049 BLUFF ROAD
    GLENCOE,IL60622
    NATHAN M GROSSMAN ASST SEC, DIR
    0.00     		0 0 0
    20 S CLARK STREET 1650
    CHICAGO,IL60603
    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
    1,629,027
    b
    Average of monthly cash balances.......................
    1b
    112,161
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,741,188
    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
    1,741,188
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    26,118
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,715,070
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    85,754
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    85,754
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    7,249
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,249
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    78,505
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    78,505
    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
    78,505
    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
    312,262
    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
    312,262
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    312,262
    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 78,505
    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...... 299,338
    b From 2011...... 228,941
    c From 2012...... 273,589
    d From 2013...... 254,769
    e From 2014...... 336,153
    fTotal of lines 3a through e........ 1,392,790
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 312,262
    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..... 78,505
    e Remaining amount distributed out of corpus 233,757
    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 1,626,547
    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) ...     		299,338
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		1,327,209
    10 Analysis of line 9:
    a Excess from 2011.... 228,941
    b Excess from 2012.... 273,589
    c Excess from 2013.... 254,769
    d Excess from 2014.... 336,153
    e Excess from 2015.... 233,757
    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).)
    SHERWIN ZUCKERMAN
    SHERI ZUCKERMAN
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADL
    309 W WASHINGTON STREET
    CHICAGO,IL60606     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 1,000
    AMERICAN JEWISH COMMITTEE
    55 W MONROE STREET
    CHICAGO,IL60603     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 10,000
    BERNARD ZELL ANSHE EMET
    3751 N BROADWAY ST
    CHICAGO,IL60613     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 15,000
    COLUMBUS SCHOOL FOR GIRLS
    56 S COLUMBIA AVE
    COLUMBUS,OH43209     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 1,000
    CONGREGATION KESSER MAARIV
    4341 GOLF RD
    SKOKIE,IL60076     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 1,000
    ERIKSON INSTITUTE
    451 N LASALLE ST
    CHICAGO,IL60654     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 26,000
    FACING HISTORY & OURSELVES
    2 N LASALLE ST 2300
    CHICAGO,IL60602     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 10,000
    FAMILY FOCUS
    310 S PEORIA ST SUITE 301
    CHICAGO,IL60607     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 500
    FIRST HEBREW CONGREGATION
    1821 EAST MAIN STREET
    PEEKSKILL,NY10566     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 500
    FOUNDATION FIGHTING BLINDNESS
    7168 COLUMBIA GATEWAY DRIVE SUITE
    100
    COLUMBIA,MD21046     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 5,000
    FULCRUM POINT
    205 E RANDOLPH DRIVE
    CHICAGO,IL60601     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 10,000
    GIFT OF LIFE
    800 YAMATO ROAD SUITE 101
    BOCA RATON,FL33431     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 1,000
    GREATER CHICAGO FOOD DEPOSITORY
    4100 W ANN LURIE PL
    CHICAGO,IL60632     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 5,000
    IL HOLOCAUST MUSEUM & EDU
    9603 WOODS DR
    SKOKIE,IL60077     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 5,000
    INVEST FOR KIDS
    875 N MICHIGAN AVE SUITE 3400
    CHICAGO,IL60611     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 25,000
    JEWISH COMMUNITY CENTERS
    30 S WELLS ST
    CHICAGO,IL60606     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 5,000
    JEWISH NATIONAL FUND
    60 REVERE DR 840
    NORTHBROOK,IL60062     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 500
    JEWISH UNITED FUND
    30 S WELLS ST
    CHICAGO,IL60606     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 105,865
    JOSSELYN CENTER
    405 CENTRAL AVE
    NORTHFIELD,IL60093     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 1,000
    KESHET
    3210 DUNDEE RD
    NORTHBROOK,IL60062     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 10,000
    MAKE A WISH
    640 N LASALLE ST 280
    CHICAGO,IL60654     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 250
    MEALS ON WHEELS
    3047 N LINCOLN AVE 214
    CHICAGO,IL60657     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 500
    MERIT SCHOOL OF MUSIC
    38 S PEORIA ST
    CHICAGO,IL60607     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 5,000
    NATIONAL PARKINSON'S FOUNDATION
    200 SE 1ST STREET SUITE 800
    MIAMI,FL33131     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 25,000
    NORTH SUBURBAN SYNAGOGUE BETH EL
    1175 SHERIDAN RD
    HIGHLAND PARK,IL60035     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 10,197
    OUNCE OF PREVENTION
    33 WEST MONROE STREET SUITE 2400
    CHICAGO,IL60603     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 5,000
    PANCREATIC CANCER ACTION NETWORK
    1500 ROSECRANS AVENUE SUITE 200
    MANHATTAN BEACH,CA90266     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 1,000
    RAVINIA FESTIVAL
    200 RAVINIA PARK RD
    HIGHLAND PARK,IL60035     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 4,000
    RETT SYNDROME RESEARCH TRUST
    67 UNDER CLIFF ROAD
    TRUMBULL,CT06611     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 10,000
    SHALUA
    PO BOX 46375
    CHICAGO,IL60646     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 1,000
    SNOW CITY ARTS
    630 S HERMITAGE AVE 103K
    CHICAGO,IL60612     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 1,000
    TEMPLE SHOLOM
    3480 N LAKE SHORE DR
    CHICAGO,IL60657     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 2,950
    WOLCOTT SCHOOL
    524 N WOLCOTT AVENUE
    CHICAGO,IL60622     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 5,000
    WTTW CHANNEL 11
    5400 N SAINT LOUIS AVENUE
    CHICAGO,IL60625     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 2,500
    ZERO TO THREE
    1255 23RD STREET NW SUITE 350
    WASHINGTON,DC20037     		NONE PUBLIC CHARITY PUBLIC CHARITY SUPPORT 500
    Total .................................bullet 3a 312,262
    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 ...........     		    14 149  
    4 Dividends and interest from securities....     14 31,330  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....     14 39  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 190,408  
    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).. 0 221,926 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13221,926
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    ZUCKERMAN FAMILY FOUNDATION
     
    Employer identification number

    36-4120779
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    ZUCKERMAN FAMILY FOUNDATION
          		Employer identification number
    36-4120779
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    SHERWIN ZUCKERMAN  
    1049 BLUFF ROAD
     
    GLENCOE, IL60022

    		$ 102,700


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    SHERWIN ZUCKERMAN  
    1049 BLUFF ROAD
     
    GLENCOE, IL60022

    		$ 160,496


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    ZUCKERMAN FAMILY FOUNDATION
          		Employer identification number

    36-4120779
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 650 SHARES ADVANCE AUTO PARTS $ 102,700 2015-05-27
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 7,160 SHS KKR & CO $ 160,496 2015-05-27
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    ZUCKERMAN FAMILY FOUNDATION
          		Employer identification number

    36-4120779
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    ZUCKERMAN FAMILY FOUNDATION
    EIN:
    36-4120779
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 1,224,862 1,287,399

    TY 2015 InvestmentsOtherSchedule2
    Name:
    ZUCKERMAN FAMILY FOUNDATION
    EIN:
    36-4120779
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    KKR & CO LP AT COST 0 0
    CORPORATE RIGHTS AT COST 530 25

    TY 2015 OtherExpensesSchedule
    Name:
    ZUCKERMAN FAMILY FOUNDATION
    EIN:
    36-4120779
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 32 32   0
    STATE FILING FEES 15 15   0
    ANNUAL FILING FEES 10 10   0
    PORTFOLIO DEDUCTIONS KKR ROYALTY DED 3 3   0
    PORTFOLIO DEDUCTIONS KKR 2% 35 35   0
    KKR SECTION 59(E) DEDUCTION 32 32   0
    KKR DEPLETION EXPENSE 154 154   0
    JEWISH FEDERATION EXPENSE 3 3   0


    TY 2015 OtherIncomeSchedule2
    Name:
    ZUCKERMAN FAMILY FOUNDATION
    EIN:
    36-4120779
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    KKR & CO K1 ORDINARY INCOME -26 -26 -26
    KKR & CO K1 OTHER INCOME 54 54 54
    KKR & CO K1 ROYALTIES 11 11 11


    TY 2015 OtherIncreasesSchedule
    Name:
    ZUCKERMAN FAMILY FOUNDATION
    EIN:
    36-4120779
    Description Amount
    PRIOR PERIOD EQUITY ADJUSTMENT 28,561


    TY 2015 TaxesSchedule
    Name:
    ZUCKERMAN FAMILY FOUNDATION
    EIN:
    36-4120779
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 742 0   0
    FEDERAL TAXES- FORM 2439 1,724 0   0
    FOREIGN TAX 748 748   0