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
THE ROWLAND FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2173 N RIDGE RD E
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LORAIN, OH44055
A Employer identification number

34-1932579
B Telephone number (see instructions)

(440) 324-9933
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$1,542,835J 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) 65,350
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 124 124 124
4 Dividends and interest from securities... 22,981 22,981 22,981
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 25,508
b Gross sales price for all assets on line 6a 155,896
7 Capital gain net income (from Part IV, line 2)... 0
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 1,121   1,121
12 Total. Add lines 1 through 11........ 115,084 23,105 24,226
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 1,353     1,353
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,598     200
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 7,831      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,782 0   1,553
25 Contributions, gifts, grants paid....... 40,700 40,700
26 Total expenses and disbursements. Add lines 24 and 25 51,482 0   42,253
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 63,602
b Net investment income (if negative, enter -0-) 23,105
c Adjusted net income (if negative, enter -0-)... 24,226
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......... 305,882 403,011 403,011
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)....... 717,480 Click to see attachment683,837 1,139,824
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)..........      
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) 1,023,362 1,086,848 1,542,835
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,023,362 1,086,848
30 Total net assets or fund balances (see instructions)..... 1,023,362 1,086,848
31 Total liabilities and net assets/fund balances (see instructions). 1,023,362 1,086,848
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
1,023,362
2
Enter amount from Part I, line 27a .....................
2
63,602
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,086,964
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
116
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,086,848
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.)
1a
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
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
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  
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 27,700 1,057,646 0.026190
2013 72,371 820,915 0.088159
2012 37,534 762,081 0.049252
2011 30,462 702,687 0.043351
2010 24,068 650,316 0.037010
2
Total of line 1, column (d) .....................
20.243962
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
0.048792
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,266,497
5
Multiply line 4 by line 3......................
5
61,795
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
231
7
Add lines 5 and 6........................
7
62,026
8
Enter qualifying distributions from Part XII, line 4.............
8
42,253
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 1 462
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........................... 3 462
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- ..... 5 462
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 600
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment: -600 7 600
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 138
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet138 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)
    bulletOH
    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
    Yes
     
    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 ofbulletBILLY S ROWLAND Telephone no.bullet (440) 324-9933

    Located atbullet1865 NORTH RIDGE RD STE CLORAINOH ZIP+4bullet44055
    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
    BILLY S ROWLAND PRESIDENT
    0.25     		0 0 0
    29037 TOWNSHIP RD 245
    SUMMERFIELD,OH43788
    CARLA PARK TRUSTEE
    0.25     		0 0 0
    823 WOODBRIDGE CT
    AMHERST,OH44001
    WILLIAM M ROWLAND TRUSTEE
    0.25     		0 0 0
    6200 ETHEL AVE
    ELYRIA,OH44035
    FAY R ROWLAND VICE-PRESIDENT
    0.25     		0 0 0
    419 BELLEVUE STREET
    MARIETTA,OH45750
    KITTE TAYLOR TRUSTEE
    0.25     		0 0 0
    286 SADDLER RD
    BAY VILLAGE,OH44140
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,056,473
    b
    Average of monthly cash balances.......................
    1b
    229,311
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,285,784
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,285,784
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    19,287
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,266,497
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    63,325
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    63,325
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    462
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    462
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    62,863
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    62,863
    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
    62,863
    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
    42,253
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    42,253
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    42,253
    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 62,863
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 52,471
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 24,068
    b From 2011...... 30,462
    c From 2012...... 37,534
    d From 2013...... 72,548
    e From 2014...... 27,700
    fTotal of lines 3a through e........ 192,312
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 42,253
    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.....  
    e Remaining amount distributed out of corpus 42,253
    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 5 234,565
    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 .............     		52,471
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		62,863
    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) ...     		24,068
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		210,497
    10 Analysis of line 9:
    a Excess from 2011.... 30,462
    b Excess from 2012.... 37,534
    c Excess from 2013.... 72,548
    d Excess from 2014.... 27,700
    e Excess from 2015.... 42,253
    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).)
    BILLY S ROWLAND
    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
    CHURCH OF THE OPEN DOOR
    43275 TELEGRAPH ROAD
    ELYRIA,OH44035     		  PUBLIC TO ENHANCECHRISTIAN TEACHING 4,000
    SOUL'S HARBOUR
    115 CAYWOOD ROAD
    MARIETTA,OH45750     		  PUBLIC TO ENHANCECHRISTIAN TEACHING 15,200
    JOURNEY COMMUNITY CHURCH
    21220 LORAIN ROAD
    CLEVELAND,OH44126     		  PUBLIC TO ENHANCECHRISTIAN TEACHING 6,000
    COMPASSION BAPTIST CHURCH
    520 W 22ND ST
    LORAIN,OH44052     		  PUBLIC TO ENHANCECHRISTIAN TEACHING 2,000
    BUSES INTERNATIONAL
    702 N RIDGE RD E
    LORAIN,OH44055     		  PUBLIC TO ENHANCECHRISTIAN TEACHING 1,000
    JESUS ONLINE MINISTRIES
    PO BOX 1643
    HIGLEY,AZ85236     		  PUBLIC TO ENHANCECHRISTIAN TEACHING 500
    COMMUNITY FOUNDATION OF LORAIN COUNTY
    9080 LEAVITT ROAD
    ELYRIA,OH44035     		  PUBLIC TO ENHANCECOMMUNITY 4,000
    THE REFUGE FOUNDATION
    PO BOX 1857
    BILLINGS,MT59103     		  PUBLIC TO ENHANCECOMMUNITY 2,000
    SALVATION ARMY
    136 FRONT ST
    MARIETTA,OH45750     		  PUBLIC COMMUNITY 5,000
    HOUSE OF PRAISE
    1875 N RIDGE ROAD SUITE C
    LORAIN,OH44055     		  PUBLIC TO ENHANCECHRISTIAN TEACHING 1,000
    Total .................................bullet 3a 40,700
    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
    aN/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 ...........     		900003 124      
    4 Dividends and interest from securities.... 900003 22,981      
    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 ............     		900003 22,981      
    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).. 46,086    
    13Total. Add line 12, columns (b), (d), and (e)..................
    1346,086
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -600


    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
    THE ROWLAND FOUNDATION
     
    Employer identification number

    34-1932579
    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
    THE ROWLAND FOUNDATION
          		Employer identification number
    34-1932579
    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
     
     

    BILLY S ROWLAND  
    29037 TWP RD 245
     
    SUMMERFIELD, OH43788

    		$ 63,850


    (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.)
    (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
    THE ROWLAND FOUNDATION
          		Employer identification number

    34-1932579
    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
     
    		$    
    (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
     
    		$    
    (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
    THE ROWLAND FOUNDATION
          		Employer identification number

    34-1932579
    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:  

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    THE ROWLAND FOUNDATION
    EIN:
    34-1932579
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    LNB BANCORP 2006-10 Purchased 2015-08   37,400 33,852     3,548  
    LNB BANCORP 2011-06 Purchased 2015-08   18,700 5,972     12,728  
    ABBVIE INC COM 2014-09 Purchased 2015-01   881 831     50  
    ABBVIE INC COM 2014-09 Purchased 2015-04   857 891     -34  
    ABBVIE INC COM 2014-10 Purchased 2015-04   343 364     -21  
    ADVANCED AUTO PARTS 2015-02 Purchased 2015-12   898 918     -20  
    AIRGAS INC 2013-10 Purchased 2015-03   417 434     -17  
    AIRGAS INC 2013-10 Purchased 2015-05   907 976     -69  
    ALEXION PHARM INC 2015-04 Purchased 2015-09   667 708     -41  
    AMAZON COM INC 2011-10 Purchased 2015-05   434 203     231  
    AMAZON COM INC 2011-10 Purchased 2015-07   480 203     277  
    AMAZON COM INC 2011-10 Purchased 2015-09   503 203     300  
    AMAZON COM INC 2011-11 Purchased 2015-10   575 217     358  
    AMGEN INC 2014-07 Purchased 2015-01   775 604     171  
    AMGEN INC 2014-07 Purchased 2015-06   631 483     148  
    AMGEN INC 2015-04 Purchased 2015-09   598 635     -37  
    AMGEN INC 2014-07 Purchased 2015-08   446     362 84  
    AMGEN INC 2014-07 Purchased 2015-09   449 390     59  
    BAKER HUGHES INC 2015-06 Purchased 2015-07   697 738     -41  
    BORG WARNER INC 2014-11 Purchased 2015-09   907 1,221     -314  
    CAMERON INTNL CORP 2013-07 Purchased 2015-01   260 351     -91  
    CAMERON INTNL CORP 2013-10 Purchased 2015-01   304 421     -117  
    CAMERON INTNL CORP 2013-10 Purchased 2015-01   347 521     -174  
    CBRE GROUP INC 2011-08 Purchased 2015-01   264 174     90  
    CBRE GROUP INC 2011-08 Purchased 2015-01   462 192     270  
    CBRE GROUP INC 2012-04 Purchased 2015-01   165 94     71  
    CBRE GROUP INC 2012-08 Purchased 2015-01   231 121     110  
    CBRE GROUP INC 2012-08 Purchased 2015-08   191 87     104  
    CBRE GROUP INC 2013-05 Purchased 2015-08   536 348     188  
    CBRE GROUP INC 2013-05 Purchased 2015-10   95 75     20  
    CBRE GROUP INC 2013-06 Purchased 2015-10   985 700     285  
    CELGENE CORP 2014-06 Purchased 2015-02   571 404     167  
    CELGENE CORP 2014-06 Purchased 2015-03   118 81     37  
    CELGENE CORP 2014-06 Purchased 2015-03   706 519     187  
    CELGENE CORP 2014-06 Purchased 2015-04   456 346     110  
    CELGENE CORP 2014-08 Purchased 2015-04   683 521     162  
    CELGENE CORP 2012-12 Purchased 2015-02   342 124     218  
    CHIPOTLE MEXICAN GRILL INC COM 2015-03 Purchased 2015-10   721 671     50  
    CIGNA CORPORATION COM 2015-06 Purchased 2015-08   994 1,174     -180  
    CITIGROUP INC NEW 2013-12 Purchased 2015-01   670 736     -66  
    COCA-COLA ENTERPRISES INC NEW 2014-06 Purchased 2015-08   830 816     14  
    COLGATE PALMOLIVE CO 2013-10 Purchased 2015-12   597 532     65  
    COLGATE PALMOLIVE CO 2013-10 Purchased 2015-12   331 296     35  
    COMCAST CORP CLASS A 2014-04 Purchased 2015-09   909 824     85  
    COSTCO WHOLESALE CORP 2010-02 Purchased 2015-02   298 122     176  
    CUMMINS INC 2014-12 Purchased 2015-08   908 1,000     -92  
    DANAHER CORPORATION 2010-02 Purchased 2015-01   578 262     316  
    DISCOVERY COMMUNICATIONS SER A 2014-07 Purchased 2015-02   154 212     -58  
    DISCOVERY COMMUNICATIONS SER A 2011-08 Purchased 2015-02   338 217     121  
    DISCOVERY COMMUNICATION SER A 2014-02 Purchased 2015-02   307 412     -105  
    DISCOVERY COMMUNICATION SER C 2014-07 Purchased 2015-02   152 207     -55  
    DISCOVERY COMMUNICATION SER C 2011-08 Purchased 2015-02   333 211     122  
    DISCOVERY COMMUNICATION SER C 2014-02 Purchased 2015-02   303 401     -98  
    EBAY INC 2013-04 Purchased 2015-04   57 53     4  
    EBAY INC 2013-07 Purchased 2015-04   861 805     56  
    EBAY INC 2013-08 Purchased 2015-04   746 692     54  
    EBAY INC 2014-01 Purchased 2015-04   402 371     31  
    EMC CORP MASS 2013-12 Purchased 2015-10   1,118 954     164  
    EMC CORP MASS 2013-12 Purchased 2015-10   516 442     74  
    EMC CORP MASS 2013-12 Purchased 2015-12   130 116     14  
    EMC CORP MASS 2013-12 Purchased 2015-12   1,144 1,105     39  
    EMC CORP MASS 2013-12 Purchased 2015-12   338 327     11  
    EQUINIX INC COM PAR 2010-06 Purchased 2015-11   130       130  
    FACEBOOK INC CL-A 2012-05 Purchased 2015-11   309 99     210  
    FIRST DATA CORP CLS A 2015-10 Purchased 2015-12   1,441 1,479     -38  
    GOOGLE INC CL C 2012-05 Purchased 2015-05   9 5     4  
    HAIN CELESTIAL GROUP INC 2013-09 Purchased 2015-01   217 160     57  
    HAIN CELESTIAL GROUP INC 2013-09 Purchased 2015-10   674 520     154  
    HAIN CELESTIAL GROUP INC 2013-09 Purchased 2015-11   701 679     22  
    HALLIBURTON CO 2014-08 Purchased 2015-06   685 1,104     -419  
    HERSHEY COMPANY 2014-10 Purchased 2015-05   1,582 1,575     7  
    HERSHEY COMPANY 2015-01 Purchased 2015-05   279 327     -48  
    HILTON WORLDWIDE HOLDINGS INC 2015-07 Purchased 2015-12   799 958     -159  
    HILTON WORLDWIDE HOLDINGS INC 2015-08 Purchased 2015-12   502 531     -29  
    HILTON WORLDWIDE HOLDINGS INC 2015-09 Purchased 2015-12   274 307     -33  
    HONEYWELL INTERNATIONAL INC 2012-01 Purchased 2015-09   486 292     194  
    INTERCONTINENTAL EXCHANGE GROUP 2012-05 Purchased 2015-05   478 255     223  
    INTERCONTINENTAL EXCHANGE GROUP 2013-02 Purchased 2015-06   671 452     219  
    INTL BUSINESS MACHINES CORP 2014-07 Purchased 2015-06   1,490 1,721     -231  
    INTUITIVE SURGICAL INC 2015-04 Purchased 2015-10   1,360 1,512     -152  
    KANSIS CY SOUTHN IND NEW 2014-03 Purchased 2015-09   273 306     -33  
    KEURIG GREEN MOUNTAIN INC 2014-11 Purchased 2015-01   789 855     -66  
    KEURIG GREEN MOUNTAIN INC 2014-11   2015-09   339 696     -357  
    KEURIG GREEN MOUNTAIN INC 2015-02 Purchased 2015-09   339 696     -357  
    KEYSIGHT TECHNOLOGIES INC 2012-04 Purchased 2015-01   143       143  
    KEYSIGHT TECHNOLOGIES INC 2013-02 Purchased 2015-01   215       215  
    KEYSIGHT TECHNOLOGIES INC 2013-04 Purchased 2015-01   143       143  
    L BRANDS INC COM 2013-02 Purchased 2015-01   81 46     35  
    L BRANDS INC COM 2013-05 Purchased 2015-01   487 313     174  
    LAS VEGAS SANDS CORPORATION 2014-04 Purchased 2015-04   226 312     -86  
    LAS VEGAS SANDS CORPORATION 2014-10 Purchased 2015-04   451 499     -48  
    LAS VEGAS SANDS CORPORATION 2014-03 Purchased 2015-04   564 768     -204  
    LAS VEGAS SANDS CORPORATION 2014-04 Purchased 2015-04   282 382     -100  
    LINKEDIN CORP-A 2014-02 Purchased 2015-02   697 630     67  
    MCCORMICK AND CO NON VOTING 2014-01 Purchased 2015-09   332 261     71  
    MYLAN INC 2014-03 Purchased 2015-03   808 748     60  
    MYLAN INC 2014-03 Purchased 2015-03   404 352     52  
    MYLAN INC 2014-06 Purchased 2015-03   635 554     81  
    MYLAN INC 2014-02 Purchased 2015-03   1,269 1,200     69  
    MYLAN N V 2015-03 Purchased 2015-04   577       577  
    MYLAN N V 2015-03 Purchased 2015-06   720       720  
    MYLAN N V 2015-03 Purchased 2015-10   1,388       1,388  
    NAVIENT CORP COM 2014-01 Purchased 2015-05   961       961  
    NAVIENT CORP COM 2014-04 Purchased 2015-05   451       451  
    NETFLIX INC 2014-11 Purchased 2015-10   297 1,054     -757  
    NIKE INC B 2010-02 Purchased 2015-03   96 32     64  
    NIKE INC B 2011-03 Purchased 2015-03   576 232     344  
    NIKE INC B 2011-03 Purchased 2015-09   438 155     283  
    ORACLE CORP 2010-02 Purchased 2015-06   987 588     399  
    PHILIP MORRIS INTL INC 2015-05 Purchased 2015-12   527 511     16  
    PIONEER NATURAL RESOURCES 2014-11 Purchased 2015-06   698 897     -199  
    PIONEER NATURAL RESOURCES 2014-12 Purchased 2015-06   419 443     -24  
    PIONEER NATURAL RESOURCES 2015-01 Purchased 2015-06   698 749     -51  
    PRECISION CASTPARTS CORP 2014-07 Purchased 2015-04   425 468     -43  
    PRECISION CASTPARTS CORP 2015-01 Purchased 2015-04   425 399     26  
    PRECISION CASTPARTS CORP 2013-04 Purchased 2015-04   425 374     51  
    PRECISION CASTPARTS CORP 2013-04 Purchased 2015-04   637 565     72  
    PRECISION CASTPARTS CORP 2013-05 Purchased 2015-04   213 214     -1  
    PRECISION CASTPARTS CORP 2013-06 Purchased 2015-04   850 893     -43  
    PRECISION CASTPARTS CORP 2014-01 Purchased 2015-04   213 253     -40  
    PRICELINE GRP INC COM NEW 2012-08 Purchased 2015-10   1,363 594     769  
    QUALCOMM INC 2010-02 Purchased 2015-07   557 347     210  
    QUALCOMM INC 2010-09 Purchased 2015-07   495 359     136  
    QUALCOMM INC 2010-10 Purchased 2015-07   186 134     52  
    QUALCOMM INC 2010-10 Purchased 2015-08   451 312     139  
    QUALCOMM INC 2012-05 Purchased 2015-08   129 114     15  
    QUALCOMM INC 2012-05 Purchased 2015-09   213 228     -15  
    QUALCOMM INC 2012-10 Purchased 2015-09   319 360     -41  
    QUALCOMM INC 2014-09 Purchased 2015-09   532 761     -229  
    SABRE CORPORATION 2015-07 Purchased 2015-12   252 234     18  
    SENSATA TECHNOLOGIES 2014-03 Purchased 2015-01   351 289     62  
    SENSATA TECHNOLOGIES 2014-03 Purchased 2015-01   351 300     51  
    SENSATA TECHNOLOGIES 2013-12 Purchased 2015-01   351 269     82  
    SERVICE NOW INC 2013-10 Purchased 2015-04   673 463     210  
    SERVICE NOW INC 2014-03 Purchased 2015-04   150 124     26  
    SHERWIN WILLIAMS COMPANY 2015-07 Purchased 2015-10   239 266     -27  
    SHERWIN WILLIAMS COMPANY 2013-09 Purchased 2015-09   453 361     92  
    SHERWIN WILLIAMS COMPANY 2013-09 Purchased 2015-10   716 541     175  
    SHERWIN WILLIAMS COMPANY 2013-10 Purchased 2015-10   477 374     103  
    TOLL BROTHERS 2014-10 Purchased 2015-05   652 548     104  
    TOLL BROTHERS 2014-03 Purchased 2015-05   760 824     -64  
    TWENTY-FIRST CENTURY FOX CL A 2013-08   2015-08   2,328 2,386     -58  
    VISA INC CL A 2014-05 Purchased 2015-02   538 414     124  
    VISA INC CL A 2014-06 Purchased 2015-02   806 631     175  
    VISA INC CL A 2014-08 Purchased 2015-02   269 211     58  
    VISA INC CL A 2014-08 Purchased 2015-02   538 431     107  
    WHOLE FOODS MARKETS INC 2013-07 Purchased 2015-02   530 556     -26  
    WHOLE FOODS MARKETS INC 2013-07 Purchased 2015-05   440 501     -61  
    WHOLE FOODS MARKETS INC 2013-08 Purchased 2015-05   49 55     -6  
    YUM BRANDS INC 2013-10 Purchased 2015-05   908 672     236  
    ALTRIA GROUP INC 2012-06 Purchased 2015-01   790 505     285  
    CARE CAP PPTYS INC 2014-10 Purchased 2015-08   31       31  
    CARE CAP PPTYS INC 2013-09 Purchased 2015-08   8       8  
    CARE CAP PPTYS INC 2013-09 Purchased 2015-08   123       123  
    CARE CAP PPTYS INC 2014-01 Purchased 2015-08   92       92  
    CARE CAP PPTYS INC 2014-04 Purchased 2015-08   62       62  
    CONOCOPHILLIPS 2012-06 Purchased 2015-01   1,892 1,606     286  
    CONOCOPHILLIPS 2012-08 Purchased 2015-01   315 285     30  
    CONOCOPHILLIPS 2013-06 Purchased 2015-01   631 618     13  
    CONOCOPHILLIPS 2014-04 Purchased 2015-01   189 212     -23  
    KINDER MORGAN INCORP 2014-08 Purchased 2015-12   482 1,272     -790  
    KINDER MORGAN INCORP 2015-09 Purchased 2015-12   700 1,319     -619  
    KRAFT FOODS GROUP INC COM 2012-10 Purchased 2015-07   759 2,171     -1,412  
    KRAFT FOODS GROUP INC COM 2012-12 Purchased 2015-07   347 959     -612  
    KRAFT FOODS GROUP INC COM 2013-05 Purchased 2015-07   347 1,162     -815  
    KRAFT FOODS GROUP INC COM 2013-12 Purchased 2015-07   50 162     -112  
    KRAFT HEINZ CO 2015-07 Purchased 2015-09   875       875  
    REYNOLDS AMERICAN INC 2012-06 Purchased 2015-09   1,768 918     850  
    SENIOR HSG PPTY TR SBI 2013-02 Purchased 2015-06   222 298     -76  
    SENIOR HSG PPTY TR SBI 2013-02 Purchased 2015-06   574 779     -205  
    SENIOR HSG PPTY TR SBI 2013-06 Purchased 2015-06   500 720     -220  
    SENIOR HSG PPTY TR SBI 2014-04 Purchased 2015-06   56 67     -11  
    TALEN ENERGY CORP COM 2012-06 Purchased 2015-06   14       14  
    TALEN ENERGY CORP COM 2012-06 Purchased 2015-06   167       167  
    TALEN ENERGY CORP COM 2013-02 Purchased 2015-06   37       37  
    TOTAL S A SPON ADR 2012-06 Purchased 2015-08   2,447 2,362     85  
    TOTAL S A SPON ADR 2012-08 Purchased 2015-08   787 886     -99  
    TOTAL S A SPON ADR 2012-10 Purchased 2015-08   306 352     -46  
    TOTAL S A SPON ADR 2012-10 Purchased 2015-08   131 150     -19  
    TOTAL S A SPON ADR 2013-12 Purchased 2015-08   131 181     -50  
    TOTAL S A SPON ADR 2015-07 Purchased 2015-08   131 140     -9  
    WILLIAMS CO INCE 2013-12   2015-06   2,763 1,802     961  
    WILLIAMS CO INCE 2014-01 Purchased 2015-06   884 635     249  
    WILLIAMS CO INCE 2014-04 Purchased 2015-06   442 338     104  
    WILLIAMS CO INCE 2014-10 Purchased 2015-06   166 167     -1  

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE ROWLAND FOUNDATION
    EIN:
    34-1932579
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY 683,837 1,139,824

    TY 2015 OtherDecreasesSchedule
    Name:
    THE ROWLAND FOUNDATION
    EIN:
    34-1932579
    Description Amount
    NON DEDUCTIBLE EXPENSES (CEDAR FAIR K-1) 116


    TY 2015 OtherExpensesSchedule
    Name:
    THE ROWLAND FOUNDATION
    EIN:
    34-1932579
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE CHARGE 5,441      
    MISCELLANEOUS 2,390      


    TY 2015 OtherIncomeSchedule2
    Name:
    THE ROWLAND FOUNDATION
    EIN:
    34-1932579
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CEDAR FAIR K-1 ORD GAIN 1,121   1,121


    TY 2015 TaxesSchedule
    Name:
    THE ROWLAND FOUNDATION
    EIN:
    34-1932579
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FEES 200     200
    US TREASURY 1,398