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
JM McDonald Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

47-1431059
B Telephone number (see instructions)

(800) 839-1754
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$24,023,447J 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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 116 116  
4 Dividends and interest from securities... 450,121 450,121  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,121,192
b Gross sales price for all assets on line 6a 10,326,564
7 Capital gain net income (from Part IV, line 2)... 1,121,192
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........ 1,571,429 1,571,429  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 333 0 0 333
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 154,749 154,749    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 36,502      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 9,206 303   8,903
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 41,983 200   41,783
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 242,773 155,252 0 51,019
25 Contributions, gifts, grants paid....... 1,200,000 1,200,000
26 Total expenses and disbursements. Add lines 24 and 25 1,442,773 155,252 0 1,251,019
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 128,656
b Net investment income (if negative, enter -0-) 1,416,177
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.............      
2 Savings and temporary cash investments......... 647,202 755,426 755,426
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   2,617    
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) 1,818,821 Click to see attachment2,168,976 2,148,384
b Investments—corporate stock (attach schedule)....... 17,344,119 Click to see attachment16,573,303 18,958,333
c Investments—corporate bonds (attach schedule)....... 1,821,122 Click to see attachment2,264,832 2,161,304
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 21,633,881 21,762,537 24,023,447
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 21,633,881 21,762,537
30 Total net assets or fund balances (see instructions)..... 21,633,881 21,762,537
31 Total liabilities and net assets/fund balances (see instructions). 21,633,881 21,762,537
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
21,633,881
2
Enter amount from Part I, line 27a .....................
2
128,656
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
21,762,537
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
21,762,537
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      
b
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 10,326,564   9,205,372 1,121,192
b
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       1,121,192
b
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 1,121,192
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 1,193,683 25,432,699 0.046935
2013 1,145,412 23,317,266 0.049123
2012 1,127,718 21,520,823 0.052401
2011 1,044,531 21,465,329 0.048661
2010 945,573 20,257,066 0.046679
2
Total of line 1, column (d) .....................
20.243799
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
0.04876
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
25,142,850
5
Multiply line 4 by line 3......................
5
1,225,965
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
14,162
7
Add lines 5 and 6........................
7
1,240,127
8
Enter qualifying distributions from Part XII, line 4.............
8
1,251,019
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 14,162
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  
3 Add lines 1 and 2........................... 3 14,162
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 14,162
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 27,500
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 27,500
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 13,338
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet13,338 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCO, NE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    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
    Dana Amundson Dir / Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Pamela Criswell Dir / Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Donald R McJunkin Pres / Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Nancy J Palmer VP / Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Scott Michael Palmer Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Janet E Stanton VP / Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    Manning & Napier Advisors Inc INVESTMENT MGT 88,405
    290 WOODCLIFF DRIVE
    FAIRPOINT,NY14450
    Hartline Investment Corp Investment Mgt 50,805
    211 West Wacker Dr Suite 1600
    CHICAGO,IL60606
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    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
    24,505,407
    b
    Average of monthly cash balances.......................
    1b
    1,020,329
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,525,736
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    25,525,736
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    382,886
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    25,142,850
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,257,143
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,257,143
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    14,162
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,162
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,242,981
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,242,981
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,242,981
    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
    1,251,019
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,251,019
    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
    14,162
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,236,857
    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 1,242,981
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012...... 86,878
    d From 2013...... 19,811
    e From 2014......  
    fTotal of lines 3a through e........ 106,689
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,251,019
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 1,242,981
    e Remaining amount distributed out of corpus 8,038
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 114,727
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		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) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		114,727
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 86,878
    c Excess from 2013.... 19,811
    d Excess from 2014....  
    e Excess from 2015.... 8,038
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    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:
    FOUNDATION SOURCE
    501 SILVERSIDE ROAD SUITE 123
    WILMINGTON,DE19809
    (800) 839-1754
    bThe form in which applications should be submitted and information and materials they should include:
    WWW.FSREQUESTS.COM/JMMCDONALD
    cAny submission deadlines:
    WWW.FSREQUESTS.COM/JMMCDONALD
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    WWW.FSREQUESTS.COM/JMMCDONALD
    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
    ACCESS TO INDEPENDENCE OF CORTLAND COUNTY INC
    26 N MAIN ST
    CORTLAND,NY13045     		N/A PC Access to Cortland 2015 Project 30,000
    ADIRONDACK THEATRE FESTIVAL INC
    PO BOX 3203
    GLENS FALLS,NY12801     		N/A PC ATF's 2016 Summer Season Fund 3,000
    AIDS COUNCIL OF NORTHEASTERN NEW YORK INC
    927 BROADWAY
    ALBANY,NY12207     		N/A PC Emergency Financial Assistance Program 5,000
    ALBANY COUNTY OPPORTUNITY INCORPORATED
    333 SHERIDAN AVE
    ALBANY,NY12206     		N/A PC Dress for Success Albany Program 5,000
    AMERICAN NATIONAL RED CROSS
    209 FARMINGTON AVE
    FARMINGTON,CT06032     		N/A PC Services to Armed Forces Program 5,000
    ARNOT OGDEN MEDICAL CENTER
    600 ROE AVE
    ELMIRA,NY14905     		N/A PC Campaign for Arnot Health 5,000
    ARTS CENTER AND THEATER OF SCHENECTADY INC
    432 STATE ST
    SCHENECTADY,NY12305     		N/A PC Theatre Restoration Project 5,000
    BEINGKIND INC
    448 WHITES HILL RD
    GUILFORD,NY13780     		N/A PC Shelter repair Project 5,000
    BERTRAND CHAFFEE HOSPITAL
    224 E MAIN ST
    SPRINGVILLE,NY14141     		N/A PC Bertrand Chaffee Hospital Elevator Replacement Project 10,000
    BOYS & GIRLS CLUB OF MASSENA
    PO BOX 564
    MASSENA,NY13662     		N/A PC Our Kids, Our Community Campaign 5,000
    BOYS & GIRLS CLUB OF UTICA INC
    755 LANSING ST
    UTICA,NY13501     		N/A PC Project Learn 5,000
    BOYS AND GIRLS CLUB OF WESTERN BROOME INC
    1 CLUB HOUSE RD
    ENDICOTT,NY13760     		N/A PC Triple Play Program 5,000
    BRISTOL HOME INC
    1500 MAIN ST
    BUFFALO,NY14209     		N/A PC operating support fund 5,000
    BUFFALO AND ERIE COUNTY BOTANICAL GARDENS SOCIETY
    2655 S PARK AVE
    BUFFALO,NY14218     		N/A PC Not a Drop to Drink Program 2,000
    CAMPHILL VILLAGE U S A INC
    84 CAMPHILL VILLAGE RD
    COPAKE,NY12516     		N/A PC Sprinkler System Installation in Care Houses Project 5,000
    CANCER ACTION INC
    255 ALEXANDER ST
    ROCHESTER,NY14607     		N/A PC Children's Cancer Support Programs 5,000
    CAPITAL REGION YOUTH TENNIS FOUNDATION INC
    785 WASHINGTON AVE
    ALBANY,NY12206     		N/A PC 15-LOVE Programming 2,000
    CATHOLIC CHARITIES OF LIVINGSTON COUNTY
    34 E STATE ST
    MT MORRIS,NY14510     		N/A PC Community of Caring Program 5,000
    CATHOLIC CHARITIES OF TOMPKINS TIOGA
    324 W BUFFALO ST
    ITHACA,NY14850     		N/A PC YES Club Expansion Program 5,000
    CAZENOVIA COLLEGE
    95 ALBANY ST
    CAZENOVIA,NY13035     		N/A PC Integrated Media Bureau Project 50,000
    CENTER FOR THE ARTS OF HOMER INC
    PO BOX 191
    HOMER,NY13077     		N/A PC Renewal 2015 Project 30,000
    CENTRAL NEW YORK SPAY NEUTER ASSISTANCE PROGRAM
    178 CENTRAL AVE
    CORTLAND,NY13045     		N/A PC General & Unrestricted 5,000
    CHILDREN AWAITING PARENTS INC
    274 N GOODMAN ST STE D103
    ROCHESTER,NY14607     		N/A PC A Right to be Heard Program 10,000
    CHILDRENS MUSEUM AT SARATOGA
    69 CAROLINE ST
    SARATOGA SPRINGS,NY12866     		N/A PC Building for Our Future Campaign 5,000
    CLARKSON UNIVERSITY
    PO BOX 5564
    POTSDAM,NY13699     		N/A PC Residential/Community Based Environmentally Monitoring Laboratory Experience Project 10,000
    COLUMBIA-GREENE HOSPITAL FOUNDATION
    71 PROSPECT AVE
    HUDSON,NY12534     		N/A PC Spirometers for Outpatient Pulmonary Care Project 10,000
    COMMUNITY MISSIONS OF NIAGARA FRONTIER INC
    1570 BUFFALO AVE
    NIAGARA FALLS,NY14303     		N/A PC Meeting the Needs of Niagara's Less Fortunate Project 5,000
    COMPUTERS FOR CHILDREN INC
    701 SENECA ST
    BUFFALO,NY14210     		N/A PC Partners in the Promise: Better Days and Bright Futures Program 5,000
    COOPERATIVE EXTENSION ASSOCIATION IN THE STATE OF
    615 WILLOW AVE
    ITHACA,NY14850     		N/A PC 4-H Urban Outreach Program 5,000
    CORNING AREA CHAMBER OF COMMERCEFOUNDATION INC
    1 W MARKET ST STE 202
    CORNING,NY14830     		N/A SO I Young Entrepreneurs Academy (YEA!) - Corning Project 5,000
    CORTLAND AREA COMMUNITIES THAT CARE COALITION
    3335 CENTRAL AVE
    CORTLAND,NY13045     		N/A PC Coordinated Youth-Engagement Platform Development Program 5,000
    CORTLAND AREA COMMUNITIES THAT CARE COALITION
    3335 CENTRAL AVE
    CORTLAND,NY13045     		N/A PC Books to Grow On Project 2,000
    CORTLAND CELTIC CULTURAL ASSOCIATION
    PO BOX 5725
    CORTLAND,NY13045     		N/A PC Charitable Event 2,000
    CORTLAND CHENANGO RURAL SERVICES INC
    PO BOX 57
    CINCINNATUS,NY13040     		N/A PC Eldercare Support and Assistance for Rurally Disadvantaged Program 5,000
    CORTLAND FIGURE SKATING CLUB INC
    PO BOX 5232
    CORTLAND,NY13045     		N/A PC Skating for Good Health - Cortland Figure Skating Club Program 5,000
    CORTLAND SPORTS COMPLEX INC
    4292 FAIRGROUNDS DR
    CORTLAND,NY13045     		N/A PC Mortgage Reduction Fund 100,000
    CORTLAND SPORTS COMPLEX INC
    4292 FAIRGROUNDS DR
    CORTLAND,NY13045     		N/A PC Mortgage Reduction Fund 50,000
    CRADLE BEACH CAMP INC
    8038 LAKE SHORE RD
    ANGOLA,NY14006     		N/A PC Campaign for a Greater Cradle Beach 5,000
    DAVIS COLLEGE
    400 RIVERSIDE DR
    JOHNSON CITY,NY13790     		N/A PC Chrisfield campus at Davis College Project 10,000
    DIMITRI HOUSE INC
    102 N UNION ST
    ROCHESTER,NY14607     		N/A PC Essential Assistance Program 5,000
    DISABLED SPORTS USA
    560 SHORE DR
    W HENRIETTA,NY14586     		N/A PC Establishment of New Adaptive SUP Program For Individuals with Disabilities 5,000
    DISCOVERY TRAIL
    1259 TRUMANSBURG RD
    ITHACA,NY14850     		N/A PC Kids Discover the Trail! Expansion: 2015-16 Project 2,000
    DYOUVILLE COLLEGE
    320 PORTER AVE
    BUFFALO,NY14201     		N/A PC School of Arts, Sciences, and Education Project 10,000
    ELIZABETH PIERCE OLMSTED M D CENTER FOR THE VISUAL
    1170 MAIN ST
    BUFFALO,NY14209     		N/A PC Informational and Adaptive Technology Instruction for the Blind Project 20,000
    ELMIRA COLLEGE
    1 PARK PL
    ELMIRA,NY14901     		N/A PC Elmira College Health Sciences Center Project 20,000
    EPIC-EVERY PERSON INFLUENCES CHILDREN INC
    1000 MAIN ST
    BUFFALO,NY14202     		N/A PC Expansion of Families in Transition for Mandated Families Program 10,000
    ERIE CANAL MUSEUM
    318 ERIE BLVD E
    SYRACUSE,NY13202     		N/A PC Erie Canal Museum Mule and Driver Monument Surface Cleaning and Restoration Project 2,000
    FAMILY & CHILDRENS SERVICE OF ITHACA INC
    127 W STATE ST
    ITHACA,NY14850     		N/A PC Sustaining Community Psychiatry Services Program 5,000
    FAMILY RESOURCE CENTERS OF COLUMBIA COUNTY
    PO BOX 319
    CHATHAM,NY12037     		N/A PC Circle and Craft Time Enrichment for Toddlers and Pre-K Kids Program 1,000
    FINGER LAKES CHAMBER MUSIC FESTIVALINC
    PO BOX 605
    PENN YAN,NY14527     		N/A PC Music in Motion Program 2,000
    FRESH AIR FUND
    633 3RD AVE
    NEW YORK,NY10017     		N/A PC Summer Camping Program 5,000
    FRIENDS OF THE ROSAMOND GIFFORD ZOO AT BURNET PARK
    1 CONSERVATION PL
    SYRACUSE,NY13204     		N/A PC The Pond at Asian Elephant Preserve Project 25,000
    GOLDEN OPPORTUNITY GO
    505 LINN ST
    ITHACA,NY14850     		N/A PC Tutoring in City and Country Program 5,000
    GRANITE ACADEMY INC
    6 COLUMBIAN ST
    BRAINTREE,MA02184     		N/A PC Skills4Living in the Kitchen Project 5,000
    GUILDERHAVEN INC
    6655 RTE 158
    ALTAMONT,NY12009     		N/A PC Low Cost Dog and Cat Spay/Neuter Program 2,000
    HABITAT FOR HUMANITY INTERNATIONAL INC
    PO BOX 4683
    ITHACA,NY14852     		N/A PC Highland Rd. Cortland Project 10,000
    HELPING HANDS CARING HEART INC
    111 PORT WATSON ST
    CORTLAND,NY13045     		N/A PC Safe Infant Furniture Project 2,000
    HELPING HANDS OF HUMPHREYS COUNTY INC
    103 HWY 13 S
    WAVERLY,TN37185     		N/A PC General & Unrestricted 20,000
    Herkimer Area Resource Center
    350 S WASHINGTON ST
    HERKIMER,NY13350     		N/A PC HARC Safe Transfer and Movement Program 10,000
    HISTORIC ITHACA INC
    212 CENTER ST
    ITHACA,NY14850     		N/A PC Community Engagement Technology Enhancements Project 2,000
    HISTORIC SARANAC LAKE INC
    89 CHURCH ST STE 2
    SARANAC LAKE,NY12983     		N/A PC Public Programs Expansion Project 2,000
    HOMER-CORTLAND COMMUNITY AGENCY INC
    PO BOX 162
    HOMER,NY13077     		N/A PC Marketing, Promotion & Awareness Campaign 5,000
    HOUGHTON COLLEGE
    1 WILLARD AVE
    HOUGHTON,NY14744     		N/A PC Closing the Digital Divide Program 5,000
    HUGUENOT HISTORICAL SOCIETY NEW PALTZ N Y INC
    88 HUGUENOT ST
    NEW PALTZ,NY12561     		N/A PC Historic Huguenot Street General Operation to Fund Strategic Investments 5,000
    INTERFAITH WORKS OF CENTRAL NEW YORK INC
    1010 JAMES ST
    SYRACUSE,NY13203     		N/A PC Building Community/Affirming Dignity Capital Campaign 10,000
    LAKE GEORGE MUSIC FESTIVAL
    7 STONE PINE LN
    QUEENSBURY,NY12804     		N/A PC Charitable Event 2,000
    LEARNING WEB INC
    515 W SENECA ST
    ITHACA,NY14850     		N/A PC Technology Upgrades to Support Program Operation & Accountability 5,000
    LITERACY VOLUNTEERS OF ONTARIO-YATES INC
    208 S MAIN ST
    CANANDAIGUA,NY14424     		N/A PC Promoting Self-Sufficiency Through Literacy Program 5,000
    LODI WHITTIER LIBRARY
    PO BOX 208
    LODI,NY14860     		N/A PC New Library Building Campaign 10,000
    MCMAHON-RYAN CHILD ADVOCACY SITE INC
    601 E GENESEE ST
    SYRACUSE,NY13202     		N/A PC Child Abuse Education Project 5,000
    MECHANICVILLE AREA COMMUNITY SERVICES CENTER INC S
    PO BOX 30
    MECHANICVILLE,NY12118     		N/A PC Summer Swim Success Program 4,000
    MENORAH PARK
    4101 E GENESEE ST
    SYRACUSE,NY13214     		N/A SO I The Health Connection Project at Menorah Park of CNY 25,000
    MERCY CARE FOR THE ADIRONDACKS
    185 OLD MILITARY RD
    LAKE PLACID,NY12946     		N/A PC Caregiving in the Adirondacks Program 5,000
    MERCY COMMUNITY SERVICES INC
    142 WEBSTER AVE
    ROCHESTER,NY14609     		N/A PC Building Strong Families Program 2,000
    MERCY FLIGHT CENTRAL INC
    2420 BRICKYARD RD
    CANANDAIGUA,NY14424     		N/A PC Zoll X Series Monitor Project 5,000
    MERRY-GO-ROUND PLAYHOUSE INC
    17 WILLIAM ST FL 2
    AUBURN,NY13021     		N/A PC Merry-Go-Round Summer Youth Tour 2015 Program 5,000
    MOTHER AND BABIES PERINATAL NETWORK OF SCNY INC
    457 STATE ST
    BINGHAMTON,NY13901     		N/A PC Healthy Choices, Healthy Futures Program 10,000
    MOUNT EVANS HOSPICE INC
    3081 BERGEN PEAK DR
    EVERGREEN,CO80439     		N/A PC General & Unrestricted 7,500
    MOUNTAIN RESOURCE CENTER INC
    PO BOX 425
    CONIFER,CO80433     		N/A PC General & Unrestricted 7,500
    MUSCULAR DYSTROPHY ASSOCIATION
    6315 FLY RD 102
    EAST SYRACUSE,NY13057     		N/A PC MDA Summer Camp 2015 Program 5,000
    NATURAL HISTORY MUSEUM OF THE ADIRONDACKS
    45 MUSEUM DR
    TUPPER LAKE,NY12986     		N/A PC Wild Center Theater Upgrade Project 28,000
    NORTHWOOD SCHOOL
    PO BOX 1070
    LAKE PLACID,NY12946     		N/A PC Annual Fund with matching funds from the Millers 10,000
    NORTHWOOD SCHOOL
    PO BOX 1070
    LAKE PLACID,NY12946     		N/A PC for course expansion and workshops in Robotics for area use 15,000
    NOTRE DAME LEARNING CENTER INC
    71 PKWY
    ROCHESTER,NY14608     		N/A PC Notre Dame Learning Center Tutoring Programs 3,000
    NYSARC INC
    393 DELAWARE AVE
    DELMAR,NY12054     		N/A PC Rural Autism Initiative 5,000
    NYSARC INC
    18 MAIN ST
    MOUNT MORRIS,NY14510     		N/A PC Electronic Documents Conversion Project 5,000
    PALACE PERFORMING ARTS CENTER INC
    19 CLINTON AVE
    ALBANY,NY12207     		N/A PC Arts Education and Community Initiative 5,000
    PARSONS CHILD & FAMILY CENTER
    530 FRANKLIN ST
    SCHENECTADY,NY12305     		N/A PC Camp To Belong New York Program 5,000
    PHILLIPS FREE LIBRARY
    PO BOX 7
    HOMER,NY13077     		N/A PC Flying High with author Kenneth Oppel Program 5,000
    PTA NEW YORK CONGRESS
    PO BOX 319
    BALLSTON LAKE,NY12019     		N/A PC Francis L. Stevens Elementary School Playground Project 5,000
    PUBLIC BROADCASTING COUNCIL OF CENTRAL NEW YORK IN
    415 W FAYETTE ST
    SYRACUSE,NY13204     		N/A PC WCNY Enterprise America Program Scholarships Fund 20,000
    REDHOUSE ARTS CENTER INC
    201 S W ST
    SYRACUSE,NY13202     		N/A PC Accessible Dressing Rooms Project 5,000
    REFUGEE AND IMMIGRANT SUPPORT SERVICES OF EMMAUS I
    715 MORRIS ST
    ALBANY,NY12208     		N/A PC RISSE's Adult English as a Second Language and Employment Program 2,000
    RENSSELAER POLYTECHNIC INSTITUTE
    110 8TH ST
    TROY,NY12180     		N/A PC Alden-Challenge Baseball Project 20,000
    RESOLVE OF GREATER ROCHESTER INC
    PO BOX 21
    FAIRPORT,NY14450     		N/A PC Safe Journey Survivor Transition Program 5,000
    ROCHESTER INSTITUTE OF TECHNOLOGY
    PO BOX 92878-200
    ROCHESTER,NY14692     		N/A PC Renovation of Panara Theater Project 10,000
    ROCHESTER MUSEUM AND SCIENCE CENTER
    657 E AVE
    ROCHESTER,NY14607     		N/A PC Community Partner Pass Program 5,000
    RURAL & MIGRANT MINISTRIES
    PO BOX 4757
    POUGHKEEPSIE,NY12602     		N/A PC Youth Economic Group Program 3,000
    SAINT JAMES EPISCOPAL CHURCH
    112 6TH ST
    WATKINS GLEN,NY14891     		N/A PC Summer Concert: "Sacred Waters: Where the Waters Divide" Program 3,000
    SAINT JOSEPH'S HOSPITAL HEALTH CENTER FOUNDATION
    973 JAMES ST STE 250
    SYRACUSE,NY13203     		N/A SO I 3-D Mammography/Workstation for St. Joseph's Breast Care and Surgery: Raising funds toward a Saint Agatha Foundation grant match Campaign 26,000
    SALT CITY LEGACY SCHOLARS INC
    7568 SUGARWOOD LN
    N SYRACUSE,NY13212     		N/A PC 2015-2016 Scholarship Fund 5,000
    SARATOGA AUTOMOBILE MUSEUM
    110 AVE OF THE PNES
    SARATOGA SPGS,NY12866     		N/A PC Expanding Educational Opportunities for Children through SAM's Garage Program 3,000
    SCHENECTADY COMMUNITY ACTION PROGRAM INC
    913 ALBANY ST
    SCHENECTADY,NY12307     		N/A PC SCAP Early Head Start-Child Care Partnership Program 5,000
    SCHENECTADY COMMUNITY HOME INC
    PO BOX 2122
    SCOTIA,NY12302     		N/A PC Operational End of Life Care Services and Education Support Project 5,000
    SCIENCENTER DISCOVERY MUSEUM
    601 1ST ST
    ITHACA,NY14850     		N/A PC Teen Learning Center for "Future Science Leaders" Program 40,000
    SENIOR SERVICE CENTERS OF THE ALBANY AREA INC
    32 ESSEX ST
    ALBANY,NY12206     		N/A PC Senior Hunger Relief Fund 5,000
    SHELTERS OF SARATOGA INC
    PO BOX 3089
    SARATOGA SPGS,NY12866     		N/A PC Services/Storage Addition Project 5,000
    SOCIETY OF THE SISTERS OF ST JOSEPH
    385 WATERVLIET - SHAKER RD
    LATHAM,NY12110     		N/A PC Support for the Sisters to staff St. Joseph's Place 20,000
    SOUTHWORTH LIBRARY ASSOCIATION TOMPKINS COUNTY
    PO BOX 45
    DRYDEN,NY13053     		N/A PC Teen Takeovers at the library Project 1,000
    ST CATHERINES CENTER FOR CHILDREN
    40 N MAIN AVE
    ALBANY,NY12203     		N/A PC St Catherine's Center for Children Health and Wellness Park Project 5,000
    ST CHRISTOPHERS INC
    71 BROADWAY
    DOBBS FERRY,NY10522     		N/A PC Development of an Independent Living Services Training Center for Adolescents in Residential Care Project 10,000
    STEUBEN SENIOR SERVICES FUND INC
    3 E PULTENEY SQ
    BATH,NY14810     		N/A PC Rural Steuben County Aging In Place Initiative 10,000
    SUNNYVIEW HOSPITAL AND REHABILITATION CENTER FOUND
    1270 BELMONT AVE
    SCHENECTADY,NY12308     		N/A SO I General Support for Sunnyview Rehabilitation Hospital 5,000
    THE DEPOT THEATRE INC
    PO BOX 414
    WESTPORT,NY12993     		N/A PC Focus on Education: Apprentice Program for High School Students 2,000
    THE NORTHEAST KIDNEY FOUNDATION
    23 COMPUTER DR E
    ALBANY,NY12205     		N/A PC Community Kidney Health Screening Program 5,000
    THINGS OF MY VERY OWN INC
    1011 CHEYENNE RD
    SCOTIA,NY12302     		N/A PC Mattresses and Bedding for Children in Crisis Project 10,000
    TUSCULUM COLLEGE
    PO BOX 5100
    GREENEVILLE,TN37743     		N/A PC Tusculum College's Ronald H. and Verna June Meen Center for Science and Math Unrestricted Seminar Room Naming Opportunity Project 10,000
    UNITED CEREBRAL PALSY ASSOCIATION OF THE ROCHESTER
    3399 WINTON RD S
    ROCHESTER,NY14623     		N/A PC Lift Free Technology Fund 5,000
    UPSTATE HOME FOR CHILDREN
    105 CAMPUS DR
    ONEONTA,NY13820     		N/A PC Replacement residence for students with complex medical needs Project 5,000
    VANDERBILT BILL WILKERSON CENTER FOR OTOLARYNGOLO
    602 OXFORD HOUSE
    NASHVILLE,TN37232     		N/A PC additional funding for the Reed L. McJunkin Graduate Scholarship in Hearing and Speech Sciences 50,000
    WATERLOO LIBRARY & HISTORICAL SOCIETY
    31 E WILLIAMS ST
    WATERLOO,NY13165     		N/A PC National Memorial Day Museum Capital Improvements Project 5,000
    WAVERLY CUMBERLAND PRESBYTERIAN CHURCH
    109 N CHURCH ST
    WAVERLY,TN37185     		N/A PC General & Unrestricted 5,000
    WHITNEY M YOUNG JR HEALTH CENTER INC
    920 LARK DR
    ALBANY,NY12207     		N/A PC Watervliet Health Center Capital campaign 5,000
    WOMENS REFUGE OF VERO BEACH INC
    PO BOX 1484
    VERO BEACH,FL32961     		N/A PC Capital campaign 5,000
    YATES COUNTY ARTS COUNCIL INC
    127 MAIN ST
    PENN YAN,NY14527     		N/A PC Sunny Point Phase 1 Project 10,000
    YMCA OF ITHACA INC
    GRAHAM RD W
    ITHACA,NY14850     		N/A PC Open Doors Scholarship Fund 5,000
    YOUNG WOMENS CHRISTIAN ASSOCIATION
    14 CLAYTON AVE
    CORTLAND,NY13045     		N/A PC Technology Infrastructure for the YWCA Fund 35,000
    Total .................................bullet 3a 1,200,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 116  
    4 Dividends and interest from securities....     14 450,121  
    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 1,121,192  
    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)..   1,571,429  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,571,429
    (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

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 DepreciationSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALLSTATE LIFE GLOBAL - 1.853% 102,353 101,270
    BANK AMER CORP SR NT - 3.750% 26,362 25,314
    BANK OF AMERICA CORP - 3.692% 202,999 201,232
    BARCLAYS - 4.500% - 03/10/2017 96,500 99,100
    BARCLAYS BANK - 4.250% - 02/09 200,000 201,800
    CATERPILLAR FINL SVCS MTNS B - 46,853 45,276
    CITIGROUP FDG INC MED SER - 1. 100,000 93,141
    CITIGROUP FDG INC MED TRM SR - 97,500 96,474
    CITIGROUP INC - 0.000% - 12/11 100,000 97,164
    COMCAST CORP CO GURNT NTS - 6. 48,445 42,104
    GOLDMAN SACHS - 1.525% - 05/15 39,900 39,900
    JP MORGAN CHASE BANK NA - 3.00 100,000 101,000
    JPMORGAN CHASE & CO NT - 3.204 142,800 137,200
    MORGAN STANLEY - 1.461% - 08/2 99,000 99,000
    MORGAN STANLEY D W - 3.262% - 100,000 101,625
    PLAINS EXPL & PROD - 6.500% - 195,632 129,000
    PRUDENTIAL - 2.170% - 11/02/20 202,888 201,000
    PRUDENTIAL FINL INC - 5.401% - 214,749 202,999
    VERIZON COMMUNICATIONS INC - 2 46,920 45,280
    WELLS FARGO - 2.625% - 12/15/2 52,178 50,701
    WESTERN UNION CO WU - 2.875% - 49,753 50,724

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MANNING & NAPIER WORLD OPP FD 178,568 151,247
    ALCOA INC 109,201 107,978
    ALPHABET INC CL A 481,015 746,890
    ALPHABET INC CL C 76,741 166,954
    AMBEV SA 119,462 92,902
    AMC NETWORKS INC 151,369 179,979
    AMER INTERNATIONAL GROUP INC 301,853 458,578
    APPLE INC 589,784 704,189
    BERKSHIRE HATHAWAY INC. CLASS 494,448 501,752
    BROADRIDGE FINANCIAL 473,515 483,570
    CERNER CORPORATION 74,866 100,484
    CHEVRON CORP 394,464 413,816
    COMCAST CORP 336,360 451,440
    CONOCOPHILLIPS 293,687 303,485
    CURTISS WRIGHT CP 367,624 411,000
    DYNAMIC OPPORTUNITIES SERIES C 334,916 308,720
    EBAY INC 43,782 60,731
    ELECTRONIC ARTS 34,575 168,364
    EXPRESS SCRIPTS HOLDING CO 75,783 76,921
    FLIR SYSTEMS INC 54,275 54,175
    FLOWSERVE CP 70,701 53,021
    FOCUSED OPPORTUNITIES SERIES C 353,126 286,366
    GENTEX CORPORATION 224,739 320,200
    GOLDMAN SACHS GROUP 268,519 360,460
    HOME DEPOT INC 351,229 608,350
    ILLINOIS TOOL WORKS 250,316 574,616
    INTUITIVE SURGICAL, INC 106,194 114,694
    ISHARES TRUST MSCI EAFE INDEX 651,892 587,200
    JOHNSON & JOHNSON 118,590 144,835
    JUNIPER NETWORKS 68,326 100,464
    LIBERTY GLOBAL PLC - SERIES A 91,496 88,532
    LULULEMON ATHLETICA INC 116,153 102,317
    MANNING & NAPIER EMERGING MARK 120,252 98,397
    MANNING & NAPIER FUND, INC. RE 185,761 207,705
    MANNING & NAPIER UNCONSTRAINED 2,130,833 2,090,212
    MASTERCARD INC 172,084 192,773
    MFO EXETER FD INC MD INTL SER 418,249 354,613
    MIDDLEBY CORPORATION 241,686 614,859
    MONSANTO CO 177,694 193,099
    NOBLE ENERGY INC 415,219 246,975
    NOVO NORDISK A S 392,091 580,800
    PAYPAL HOLDINGS, INC 91,703 106,428
    PRICELINE.COM INCORPORATED 133,400 152,994
    QUALCOMM INC 147,489 122,963
    RANGE RESOURCES CORP DEL 176,695 95,733
    REALOGY HOLDINGS CORP 66,884 59,405
    SCHLUMBERGER LTD 94,085 97,650
    SINCLARI BROADCAST GROUP INC 85,957 95,017
    SKECHERS U S A INC CL A 395,203 392,730
    STARBUCKS CORP COM 78,193 264,132
    STERICYCLE INC 209,750 180,900
    TEGNA 45,875 52,316
    TIME WARNER INC 214,849 184,956
    TRIBUNE MEDIA COMPANY 141,715 92,978
    TRIPADVISOR LLC 87,992 87,808
    TWENTY FIRST CENTURY FOX COMPA 135,371 117,060
    UNILEVER PLC AMER 58,727 82,359
    UNION PACIFIC 356,656 469,200
    VERIFONE SYSTEMS INC 60,279 75,654
    VISA INC 550,359 646,767
    WALT DISNEY HOLDINGS CO 149,040 420,320
    WEATHERFORD INTL 108,538 48,326
    WEYERHAEUSER CO 70,078 72,851
    WISDOMTREE INVTS INC 336,410 392,000
    YUM BRANDS INC 103,786 97,887
    ZILLOW GROUP, INC (CL A) 414,947 364,560
    ZILLOW GROUP, INC (CL C) 347,884 321,676

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    US Government Securities - End of Year Book Value:

    2,168,976
    US Government Securities - End of Year Fair Market Value:

    2,148,384
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2015 LegalFeesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 333     333


    TY 2015 OtherExpensesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 39,361     39,361
    Bank Charges 200 200    
    Foundation Dues & Memberships 750     750
    Indemnification Insurance 783     783
    MISCELLANEOUS EXPENSE 428     428
    State or Local Filing Fees 33     33
    Website Hosting/Support 428     428


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 154,749 154,749    


    TY 2015 TaxesSchedule
    Name:
    JM McDonald Foundation Inc
    EIN:
    47-1431059
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 27,500      
    990-PF Excise Tax for 2014 9,002