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 Kendeda Fund
 
% 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

20-6881642
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$167,154,306J 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) 150,506,375
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 3,557 3,557  
4 Dividends and interest from securities... 1,201,433 1,261,506  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,094,380
b Gross sales price for all assets on line 6a 163,345,572
7 Capital gain net income (from Part IV, line 2)... 151,600,630
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........ 152,805,745 152,865,693  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 211,599 211,599    
14 Other employee salaries and wages...... 84,000     84,000
15 Pension plans, employee benefits....... 6,426     6,426
16a Legal fees (attach schedule)......... Click to see attachment 49,684 0 0 49,684
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 850,400     850,400
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 633,888      
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,515    
20 Occupancy.............. 19,914     19,914
21 Travel, conferences, and meetings....... 45,295 42   45,253
22 Printing and publications.......... 500     500
23 Other expenses (attach schedule)....... Click to see attachment 105,036 90   104,946
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,009,257 211,731 0 1,161,123
25 Contributions, gifts, grants paid....... 36,439,833 36,439,833
26 Total expenses and disbursements. Add lines 24 and 25 38,449,090 211,731 0 37,600,956
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 114,356,655
b Net investment income (if negative, enter -0-) 152,653,962
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......... 9,852,220 130,345,105 130,345,105
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   7,866    
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) 2,180,957 Click to see attachment801,276 788,527
b Investments—corporate stock (attach schedule)....... 34,274,144 Click to see attachment28,289,632 25,976,871
c Investments—corporate bonds (attach schedule)....... 9,015,093 Click to see attachment10,206,791 9,999,672
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 bullet42,263
Less: accumulated depreciation (attach schedule) bullet2,515   Click to see attachment39,748 39,748
15 Other assets (describe bullet)   Click to see attachment4,383 Click to see attachment4,383
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 55,330,280 169,686,935 167,154,306
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 55,330,280 169,686,935
30 Total net assets or fund balances (see instructions)..... 55,330,280 169,686,935
31 Total liabilities and net assets/fund balances (see instructions). 55,330,280 169,686,935
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
55,330,280
2
Enter amount from Part I, line 27a .....................
2
114,356,655
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
169,686,935
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
169,686,935
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 163,345,572   11,744,942 151,600,630
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       151,600,630
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 2 151,600,630
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 33,838,422 61,075,588 0.554042
2013 27,927,511 67,261,107 0.41521
2012 29,619,805 41,776,860 0.709
2011 30,124,604 11,087,228 2.717055
2010 29,113,392 10,678,558 2.726341
2
Total of line 1, column (d) .....................
27.121648
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
1.42433
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
66,723,202
5
Multiply line 4 by line 3......................
5
95,035,858
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,526,540
7
Add lines 5 and 6........................
7
96,562,398
8
Enter qualifying distributions from Part XII, line 4.............
8
37,647,602
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 3,053,079
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 3,053,079
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 3,053,079
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 559,600
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,493,479
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,053,079
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  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see attachment
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)
    bulletGA
    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
    Barry Berlin for Atlantic Trust NA Trustee
    10.0     		211,599 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
    DENA KIMBALL EXECUTIVE DIR
    30.0     		84,000    
    112 KROG STREET NE SUITE 19
    ATLANTA,GA30307
    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
    Diane Ives Consulting Inc Philanthropic CONS. 250,000
    122 Park Ave
    Takoma Park,MD20912
    Tim Stevens Philanthropic Cons. 150,000
    124 1/2 N Main St Ste B
    Livingston,MT590471280
    GreeneWorks Philanthropic Cons. 111,475
    3733 Warren Street NW
    Washington,DC20016
    Brotherton Strategies Inc Philanthropic Cons. 112,000
    6120 Phinney Avenue N
    Seattle,WA98103
    Foundation Source Administrative 89,500
    55 WALLS DRIVE 3RD FLOOR
    FAIRFIELD,CT06824
    Total number of others receiving over $50,000 for professional services.............bullet100
    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 THE LIVING BUILDING PROJECT-A LIVING-LEARNING LABORATORY FOR STUDENTS & FACULTY PROVIDING HANDS-ON EDUCATIONAL & RESEARCH OPPORTUNITIES THAT WILL BE A MODEL REGIONALLY & GLOBALLY. 113,392
    2 THE KENDEDA FUND IS A FUNDER OF NEWORG, WHICH WILL BE A DONOR ADVISED FUND OF THE COMMUNITY FOUNDATION OF ATLANTA. 25,298
    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
    41,696,429
    b
    Average of monthly cash balances.......................
    1b
    26,042,862
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    67,739,291
    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
    67,739,291
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,016,089
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    66,723,202
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,336,160
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    3,336,160
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,053,079
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,053,079
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    283,081
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    283,081
    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
    283,081
    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
    37,600,956
    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
    46,646
    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
    37,647,602
    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
    37,647,602
    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 7 283,081
    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...... 29,038,687
    b From 2011...... 30,124,604
    c From 2012...... 29,045,845
    d From 2013...... 25,326,965
    e From 2014...... 31,332,831
    fTotal of lines 3a through e........ 144,868,932
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 37,647,602
    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..... 283,081
    e Remaining amount distributed out of corpus 37,364,521
    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 5 182,233,453
    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) ...     		29,038,687
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		153,194,766
    10 Analysis of line 9:
    a Excess from 2011.... 30,124,604
    b Excess from 2012.... 29,045,845
    c Excess from 2013.... 25,326,965
    d Excess from 2014.... 31,332,831
    e Excess from 2015.... 37,364,521
    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 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
    350ORG
    20 JAY ST STE 1010
    BROOKLYN,NY11201     		N/A PC General & Unrestricted 500,000
    350ORG
    20 JAY ST STE 1010
    BROOKLYN,NY11201     		N/A PC Post COP-21 Debrief Initiative 200,000
    A SANCTUARY FOR MILITARY FAMILIES INC DBA PROJECT
    PO BOX 1563
    GRANBY,CO80446     		N/A PC Therapeutic Camps for Military Service Members and their Families 150,000
    ALASKA WILDERNESS LEAGUE
    122 C ST NW STE 240
    WASHINGTON,DC20001     		N/A PC General & Unrestricted 30,000
    AMERICAN JEWISH WORLD SERVICE INC
    45 W 36TH ST 11TH FL
    NEW YORK,NY10018     		N/A PC AJWS Child Marriage Initiative 5,422,728
    AMERICAN RIVERS INC
    1100 14TH ST NW STE 1400
    WASHINGTON,DC20005     		N/A PC general operations and the Campaign for Montana's Headwaters 125,000
    AMERICAN RIVERS INC
    1100 14TH ST NW STE 1400
    WASHINGTON,DC20005     		N/A PC Protect Montana's Headwaters Campaign 50,000
    B LAB COMPANY
    8 WALNUT AVE
    BERWYN,PA19312     		N/A PC B the Change Communications Campaign 150,000
    BEAVERHEAD TRAILS COALITION
    PO BOX 586
    DILLON,MT59725     		N/A PC High Divide Trails Project 25,000
    BLACKFOOT CHALLENGE INC
    PO BOX 103
    OVANDO,MT59854     		N/A PC Economic Workgroup and Education Partnerships Initiative 40,000
    BLESSED EARTH INC
    PO BOX 227
    WILMORE,KY40390     		N/A PC General & Unrestricted 350,000
    BOZEMAN DEACONESS FOUNDATION
    915 HIGHLAND BLVD
    BOZEMAN,MT59715     		N/A PC in support of the hospital patient family Fund 5,000
    BOZEMAN HIGH SCHOOL PARENT COUNCIL
    205 N 11TH AVE
    BOZEMAN,MT59715     		N/A PC Mandeville Creek Restoration and Education Project 40,000
    BUSINESS ALLIANCE FOR LOCAL LIVING ECONOMIES
    2323 BROADWAY
    OAKLAND,CA94612     		N/A PC BALLE Living Economy Fellowship Project 200,000
    CAPITAL INSTITUTE
    73 ARCH ST
    GREENWICH,CT06830     		N/A PC Field Guide Program 100,000
    CAPITAL INSTITUTE
    73 ARCH ST
    GREENWICH,CT06830     		N/A PC Kate Raworth Doughnut Economics Book Project 200,000
    CENTER FOR MAXIMUM POTENTIAL BUILDING SYSTEMS INC
    8604 FARM TO MARKET 969
    AUSTIN,TX78724     		N/A PC General & Unrestricted 50,000
    CHATTAHOOCHEE RIVERKEEPER INC
    916 JOSEPH LOWERY BLVD NW
    ATLANTA,GA30318     		N/A PC General & Unrestricted 100,000
    CHIMPANZEE SANCTUARY NORTHWEST
    PO BOX 952
    CLE ELUM,WA98922     		N/A PC General & Unrestricted 5,000
    COMMONWISE EDUCATION INC
    464 BLACK WILLOW LN
    CHARLOTTE,VT05445     		N/A PC Bronx Cooperative Development Initiative 300,000
    COMMUNICATIONS CONSORTIUM MEDIA CENTER
    1300 I ST NW STE 400E
    WASHINGTON,DC20005     		N/A PC outreach for Lethal Seas Program 14,000
    COMMUNICATIONS CONSORTIUM MEDIA CENTER
    1300 I ST NW STE 400E
    WASHINGTON,DC20005     		N/A PC media analysis and event participation related to ending child marriage 20,000
    COOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE I
    PO BOX 7039
    MERRIFIELD,VA22116     		N/A PC NEPAL EARTHQUAKE RELIEF Initiative 25,000
    COOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE I
    PO BOX 7039
    MERRIFIELD,VA22116     		N/A PC Tipping Point: Innovation and Advocacy in Addressing Underlying Causes of Child Marriage Initiative in Bangladesh, Nepal and the United States 2,182,000
    COUNCIL FOR THE ARTS INC LINCOLN MT
    PO BOX 893
    LINCOLN,MT59639     		N/A PC Sculpture in the Wild International Scuplture Park Artist-in-Residency Program 25,000
    DEMOCRACY COLLABORATIVE FOUNDATION INC
    1422 EUCLID AVE STE 616
    CLEVELAND,OH44115     		N/A PC General operations and Impact Investing opportunities within the Community Wealth Building field report 330,000
    DETROITERS WORKING FOR ENVIRONMENTAL JUSTICE
    4750 WOODWARD AVE STE 414
    DETROIT,MI48201     		N/A PC General & Unrestricted 215,000
    EARTHJUSTICE
    50 CALIFORNIA ST STE 500
    SAN FRANCISCO,CA94111     		N/A PC Support the work of Earthjustice in Montana 50,000
    ECO-LOGIC DEVELOPMENT FUND
    186 ALEWIFE BROOK PKWY 214
    CAMBRIDGE,MA02138     		N/A PC general operating support, Miradi Project Teams coach project and leadership training and coaching program 375,000
    ECOLOGY CENTER
    2530 SAN PABLO AVE
    BERKELEY,CA94710     		N/A PC Environmental Literacy Project: Roots of Success 19,800
    EMERALD CITIES COLLABORATIVE INC
    1140 CONNECTICUT AVE NW
    WASHINGTON,DC20036     		N/A PC General & Unrestricted 500,000
    ENERGY ACTION COALITION
    1875 CONNECTICUT AVE NW FL 10
    WASHINGTON,DC20009     		N/A PC General & Unrestricted 325,000
    ENTERPRISE COMMUNITY PARTNERS INC
    11000 BROKEN LAND PKWY 70 Corp Ctr
    COLUMBIA,MD21044     		N/A PC Enterprise Rose Architectural Fellowship Program 625,000
    ENTERPRISE COMMUNITY PARTNERS INC
    11000 BROKEN LAND PKWY 70 Corp Ctr
    COLUMBIA,MD21044     		N/A PC Green Communities Initiative 625,000
    ENTERPRISE COMMUNITY PARTNERS INC
    11000 BROKEN LAND PKWY 70 Corp Ctr
    COLUMBIA,MD21044     		N/A PC National Design Initiative 413,619
    ENVIRONMENTAL LAW & POLICY CENTER OF THE MIDWEST
    35 E WACKER DR STE 1600
    CHICAGO,IL60601     		N/A PC Litigation project protecting the special quality of the historic Elkhorn Ranch from the proposed large new gravel pit and new road construction 25,000
    FORWARD MT FOUNDATION
    136 E BROADWAY ST STE 1
    MISSOULA,MT59802     		N/A PC General & Unrestricted 25,000
    FOUNDATION COMMUNITIES INC
    3036 S 1ST ST 200
    AUSTIN,TX78704     		N/A PC Lakeline Station Learning Center Project 300,000
    FRIENDS OF KEXP
    472 1ST AVE N
    SEATTLE,WA98109     		N/A PC General & Unrestricted 5,000
    FRIENDS OF THE MISSOURI BREAKS MONUMENT
    324 FULLER AVE STE C-4
    HELENA,MT59601     		N/A PC General & Unrestricted 20,000
    FUND FOR GLOBAL HUMAN RIGHTS
    1666 CONNECTICUT AVE NW STE 4
    WASHINGTON,DC20009     		N/A PC Environmental Justice Program 50,000
    FUNDERS NETWORK FOR SMART GROWTH AND LIVABLE COMMU
    1500 SAN REMO AVE STE 249
    CORAL GABLES,FL33146     		N/A PC General & Unrestricted 50,000
    FUNDERS NETWORK FOR SMART GROWTH AND LIVABLE COMMU
    1500 SAN REMO AVE STE 249
    CORAL GABLES,FL33146     		N/A PC Partners for Places and the P4P Equity Pilot Program 350,000
    FUTURE WEST
    PO BOX 1253
    BOZEMAN,MT59771     		N/A PC General & Unrestricted 25,000
    FUTURE WEST
    PO BOX 1253
    BOZEMAN,MT59771     		N/A PC Building Conservation Capacity in the High Divide 100,000
    GALLATIN VALLEY LAND TRUST
    PO BOX 7021
    BOZEMAN,MT59771     		N/A PC Building Capacity and Sustainability for GVLT Initiative 125,000
    GARRISON INSTITUTE
    PO BOX 532
    GARRISON,NY10524     		N/A PC General & Unrestricted 30,000
    GEORGIA INTERFAITH POWER AND LIGHT
    PO BOX 286
    DECATUR,GA30031     		N/A PC general operations, Power Wise and Regional IP & L Policy meeting fund 41,650
    GEORGIA INTERFAITH POWER AND LIGHT
    PO BOX 286
    DECATUR,GA30031     		N/A PC general support and the Energy Efficiency Matching Grants 67,250
    GEORGIA INTERFAITH POWER AND LIGHT
    PO BOX 286
    DECATUR,GA30031     		N/A PC One Region Power Wise Initiative 77,500
    GEORGIA TECH FACILITIES INC
    225 N AVE LYMAN HALL
    ATLANTA,GA30332     		N/A PC Living Building Disbursement Pre-Consultant Project Phase 70,000
    GIRLS NOT BRIDES THE GLOBAL PARTNERSHIP TO END CH
    50 BROOK GREEN BLDG 5 1ST FL
      LONDONW6 7BJ
    UK     		N/A PC Girls Not Brides: The Global Partnership to End Child Marriage Project 250,000
    GLACIER-TWO MEDICINE ALLIANCE INC
    PO BOX 181
    E GLACIER PK,MT59434     		N/A PC General & Unrestricted 15,000
    GLOBAL FUND FOR WOMEN INC
    800 MARKET ST 7TH FL
    SAN FRANCISCO,CA94102     		N/A PC Girls' Rights Roundtable planning Project 64,000
    GLOBAL GREENGRANTS FUND INC
    2840 WILDERNESS PL
    BOULDER,CO80301     		N/A PC Travel, Programming and Communications funds for COP21 60,500
    GLOBAL GREENGRANTS FUND INC
    2840 WILDERNESS PL
    BOULDER,CO80301     		N/A PC general support, Climate Program and to establish an operating reserve fund 220,000
    GLOBAL PHILANTHROPY PARTNERSHIP
    2440 N LAKEVIEW AVE
    CHICAGO,IL60614     		N/A PC general operations and equity program 235,000
    GRASSROOTS GLOBAL JUSTICE
    PO BOX 2096
    BEAUMONT,CA92223     		N/A PC the Road to Paris and Beyond Program 100,000
    GREATER YELLOWSTONE COALITION INC
    215 S WALLACE AVE
    BOZEMAN,MT59715     		N/A PC General & Unrestricted 10,000
    GREATER YELLOWSTONE COALITION INC
    215 S WALLACE AVE
    BOZEMAN,MT59715     		N/A PC Emigrant Peak mining Campaign 5,300
    GREENFAITH
    101 S 3RD AVE 12
    HIGHLAND PARK,NJ08904     		N/A PC Fellows Program 100,000
    GREENFAITH
    101 S 3RD AVE 12
    HIGHLAND PARK,NJ08904     		N/A PC Our Voices People's Pilgrimage Program 50,000
    GREENFAITH
    101 S 3RD AVE 12
    HIGHLAND PARK,NJ08904     		N/A PC formal collaboration assessment and negotiation Initiative 50,000
    GRIST MAGAZINE INC
    1201 WESTERN AVE STE 410
    SEATTLE,WA98101     		N/A PC General & Unrestricted 250,000
    GRIST MAGAZINE INC
    1201 WESTERN AVE STE 410
    SEATTLE,WA98101     		N/A PC Project Rain capacity building activities 458,000
    GROUNDSWELL INC
    1156 15TH ST NW STE 840
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 400,000
    HEADWATERS ECONOMICS INC
    PO BOX 7059
    BOZEMAN,MT59771     		N/A PC general support and project support for a non-conservation research/policy issue of the organization's choice 75,000
    HEART OF THE ROCKIES INITIATIVE
    1790 E 2000 S
    DRIGGS,ID83422     		N/A PC High Divide Conservation Collaborative Program 25,000
    HIGH COUNTRY NEWS
    PO BOX 1090
    PAONIA,CO81428     		N/A PC General & Unrestricted 40,000
    HIGH COUNTRY NEWS
    PO BOX 1090
    PAONIA,CO81428     		N/A PC National Park Centennial Project 23,000
    HIGHER GROUND SUN VALLEY INC
    120 2ND AVE STE 207
    KETCHUM,ID83340     		N/A PC Higher Ground Military Programs 75,000
    HITCHCOCK CENTER INC
    525 S PLEASANT ST
    AMHERST,MA01002     		N/A PC General & Unrestricted 100,000
    HOPA MOUNTAIN FOUNDATION
    PO BOX 10892
    BOZEMAN,MT59719     		N/A PC Strengthening the Circle, a Native Nonprofit Leadership Program 40,000
    HUMAN RIGHTS WATCH
    350 SANSOME ST STE 1000
    SAN FRANCISCO,CA94104     		N/A PC Ending Child Marriage in South Asia Project 250,000
    INNVISION SHELTER NETWORK
    181 CONSTITUTION DR
    MENLO PARK,CA94025     		N/A PC General & Unrestricted 10,000
    INTERNATIONAL LIVING FUTURE INSTITUTE
    721 NW 9TH AVE STE 195
    PORTLAND,OR97209     		N/A PC General & Unrestricted 600,000
    INTERNATIONAL WILDERNESS LEADERSHIP FOUNDATION
    717 POPLAR AVE
    BOULDER,CO80304     		N/A PC The Underwater Pitch film Project 850,000
    INTERNATIONAL WOMENS HEALTH COALITION
    333 7TH AVE
    NEW YORK,NY10001     		N/A PC Comprehensive Sexuality Education Convening Project 80,000
    INTERNATIONAL WOMENS HEALTH COALITION
    333 7TH AVE
    NEW YORK,NY10001     		N/A PC Strengthening Leadership and Capacity to Promote and Protect the Sexual and Reproductive Rights and Health of Adolescent Girls Project 591,000
    INTERNEWS NETWORK
    PO BOX 4448
    ARCATA,CA95518     		N/A PC Earth Journalism Network's Berkeley Scholars Program 100,000
    JOINT CENTER FOR POLITICAL AND ECONOMIC STUDIES IN
    2000 H ST NW STE 422 STUART
    WASHINGTON,DC20052     		N/A PC Exploring Issues and Solutions at the Intersection of Race, Gun Violence and Criminal Justice Project 35,000
    LIBBY K-12 SCHOOLS
    724 LOUISIANA AVE
    LIBBY,MT59923     		N/A PC Kootenai Outdoor Adventure Program 15,000
    LIVINGSTON YOUTH SOCCER ASSOCIATION INC
    PO BOX 556
    LIVINGSTON,MT59047     		N/A PC Northside Park & Soccer Fields Phase 3: The Fieldhouse Project 479,000
    MASS DESIGN GROUP
    334 BOYLSTON ST STE 400
    BOSTON,MA02116     		N/A PC General & Unrestricted 1,000,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 Massachusetts Ave
    CAMBRIDGE,MA02139     		N/A PC Community Innovators Lab strategic planning 100,000
    MINNESOTA PUBLIC RADIO
    480 CEDAR ST
    SAINT PAUL,MN55101     		N/A PC Marketplace Sustainability Program 605,000
    MONTANA CONSERVATION CORPS INC
    206 N GRAND AVE
    BOZEMAN,MT59715     		N/A PC General & Unrestricted 100,000
    MONTANA CONSERVATION VOTERS EDUCATION FUND
    PO BOX 853
    BILLINGS,MT59103     		N/A PC General & Unrestricted 25,000
    MONTANA CONSERVATION VOTERS EDUCATION FUND
    PO BOX 853
    BILLINGS,MT59103     		N/A PC Charitable Event 5,000
    MONTANA LEAGUE OF RURAL VOTERS
    220 S 27TH ST STE A
    BILLINGS,MT59101     		N/A PC Declaring Independence from Coal Program 100,000
    MONTANA NATURAL HISTORY CENTER INC
    120 HICKORY ST
    MISSOULA,MT59801     		N/A PC Visiting Naturalist in the Schools Program 80,000
    MONTANA OUTDOOR SCIENCE SCHOOL
    PO BOX 502
    BOZEMAN,MT59771     		N/A PC General & unrestricted and 1:1 challenge grant for the MOSS Scholarship Fund 42,500
    MONTANA WILDERNESS ASSOCIATION INC
    107 W LAWRENCE ST
    HELENA,MT59601     		N/A PC Veteran's Outreach Program 10,000
    MONTANA WILDERNESS ASSOCIATION INC
    107 W LAWRENCE ST
    HELENA,MT59601     		N/A PC Northwest Montana Community Project 50,000
    MONTANA WILDLIFE FEDERATION
    PO BOX 1175
    HELENA,MT59624     		N/A PC in support of a western Montana program representative Project 33,060
    MUSIC & MEMORY INC
    PO BOX 590
    MINEOLA,NY11501     		N/A PC regional program coordinators 35,000
    NATIONAL CENTER FOR CIVIL AND HUMAN RIGHTS INC
    250 WILLIAMS ST STE 2322
    ATLANTA,GA30303     		N/A PC Human Rights Now for Girls Project 83,333
    NATIONAL PARK FOUNDATION
    1110 VERMONT AVE NW STE 200
    WASHINGTON,DC20005     		N/A PC Every Kid in a Park Project 230,000
    NATIONAL PARKS CONSERVATION ASSOCIATION
    777 6TH ST NW STE 700
    WASHINGTON,DC20001     		N/A PC General & Unrestricted 335,429
    NATIONAL PARKS CONSERVATION ASSOCIATION
    777 6TH ST NW STE 700
    WASHINGTON,DC20001     		N/A PC In support of the Glacier Field Office Project 90,000
    NATIONAL PARKS CONSERVATION ASSOCIATION
    777 6TH ST NW STE 700
    WASHINGTON,DC20001     		N/A PC Find Your Voice Initiative 300,000
    NATIONAL PUBLIC RADIO INC
    1111 N CAPITOL ST NE
    WASHINGTON,DC20002     		N/A PC NPR Environmental Proposal Project 250,000
    NATIONAL WILDLIFE FEDERATION
    11100 WILDLIFE CENTER DR
    RESTON,VA20190     		N/A PC Atlanta Earth Tomorrow Program 50,000
    NATIONAL WILDLIFE FEDERATION
    11100 WILDLIFE CENTER DR
    RESTON,VA20190     		N/A PC Campus Ecology's Eco Leaders Program 400,000
    NATIONAL WILDLIFE FEDERATION
    11100 WILDLIFE CENTER DR
    RESTON,VA20190     		N/A PC Northern Rockies Program 25,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVE NW STE 3
    WASHINGTON,DC20036     		N/A PC Fund For A Safer Future 250,000
    ONE MONTANA
    2066 STADIUM DR STE 202
    BOZEMAN,MT59715     		N/A PC One Water Project 30,000
    ONE MONTANA
    2066 STADIUM DR STE 202
    BOZEMAN,MT59715     		N/A PC Charitable Event 1,000
    ORION SOCIETY
    187 MAIN ST
    GREAT BARRINGTON,MA01230     		N/A PC General & Unrestricted 300,000
    OUTWARD BOUND INC
    4 AIRLINE DR STE 202
    ALBANY,NY12205     		N/A PC Outward Bound for Veterans Project 125,000
    PARK COUNTY COMMUNITY FOUNDATION
    PO BOX 2199
    LIVINGSTON,MT59047     		N/A PC Gallatin Community Collaborative project 15,000
    PARK HIGH SCHOOL
    102 VIEW VISTA DR
    LIVINGSTON,MT59047     		N/A PC Band Uniforms Project 10,000
    PARK HIGH SCHOOL
    102 VIEW VISTA DR
    LIVINGSTON,MT59047     		N/A PC To support the contract for consulting services with college counselor Steven Michaud for the 2015-2016 school year 2,000
    PEOPLE UNITED FOR SUSTAINABLE HOUSING INCORPORATED
    271 GRANT ST
    BUFFALO,NY14213     		N/A PC General & Unrestricted 200,000
    PIEGAN INSTITUTE
    308 POPIMI ST
    BROWNING,MT59417     		N/A PC Cuts Wood School and fundraising development 140,000
    POPULATION MEDIA CENTER INC
    30 KIMBALL AVE STE 302
    S BURLINGTON,VT05403     		N/A PC Radio Serial Drama(s) to Empower Girls and Help End Child Marriage in Nepal 531,414
    PROJECT H DESIGN
    33 CYPRESS AVE
    KENTFIELD,CA94904     		N/A PC General & Unrestricted 140,000
    PROJECT SOUTH THE INSTITUTION FOR THE ELIMINATION
    9 GAMMON AVE SE
    ATLANTA,GA30315     		N/A PC Gulf Coast Center for Law & Policy's Gulf South Rising Project 50,000
    PULITZER CENTER ON CRISIS REPORTING
    1779 MASSACHUSETTS AVE
    WASHINGTON,DC20036     		N/A PC general operating support, a reserve fund challenge grant, and a new donor challenge grant 1,448,500
    RES PUBLICA US INC
    27 UNION SQ W STE 500
    NEW YORK,NY10003     		N/A PC 2015 climate mobilizations Campaign 500,000
    ROOM TO READ
    465 CALIFORNIA ST STE 1000
    SAN FRANCISCO,CA94104     		N/A PC Transforming Girls' Lives through Secondary Education in Bangladesh and Nepal Project 150,000
    ROOT CAPITAL INC
    130 BISHOP ALLEN DR 2ND FL
    CAMBRIDGE,MA02139     		N/A PC Women in Agriculture Initiative 375,000
    SHIFT EMPOWERMENT PROGRAMS
    PO BOX 193
    LIVINGSTON,MT59047     		N/A PC General & Unrestricted 25,000
    SIERRA CLUB FOUNDATION
    85 2ND ST STE 750
    SAN FRANCISCO,CA94105     		N/A PC Sierra Club Military Outdoors: Southeast Project 70,000
    SISKIYOU FIELD INSTITUTE
    PO BOX 207
    SELMA,OR97538     		N/A PC Program Marketing and Outreach efforts 25,000
    SOUTHERN ALLIANCE FOR CLEAN ENERGY
    PO BOX 1842
    KNOXVILLE,TN37901     		N/A PC General & Unrestricted 50,000
    SOUTHFACE ENERGY INSTITUTE INC
    241 PINE ST NE
    ATLANTA,GA30308     		N/A PC General & Unrestricted 1,000,000
    STUDENT CONSERVATION ASSOCIATION INC
    4245 N FAIRFIELD DR STE 825
    ARLINGTON,VA22203     		N/A PC General & Unrestricted 530,000
    THE BIOMIMICRY INSTITUTE
    PO BOX 9216
    MISSOULA,MT59807     		N/A PC General & Unrestricted 400,000
    THE BOZEMAN AREA COMMUNITY FOUNDATION
    1627 W MAIN ST BOX 404
    BOZEMAN,MT59715     		N/A PC to complete the Council on Foundation's community foundation accreditation 20,000
    THE CARTER CENTER INC
    453 FREEDOM PKWY NE
    ATLANTA,GA30307     		N/A PC Mobilizing Faith for Women and Girls Project 500,000
    THE NATIONAL ENVIRONMENTAL EDUCATION AND TRAINING
    4301 CONNECTICUT AVE NW STE 160
    WASHINGTON,DC20008     		N/A PC General & Unrestricted 400,000
    THE NATIONAL MILITARY FAMILY ASSOCIATION INC
    3601 EISENHOWER AVE STE 425
    ALEXANDRIA,VA22304     		N/A PC Operation Purple Military Family Retreats Program 80,000
    THE NATURE CONSERVANCY
    32 S EWING ST STE 215
    HELENA,MT59601     		N/A PC Clearwater-Blackfoot Project 80,000
    THE REGENERATION PROJECT
    369 PINE ST STE 700
    SAN FRANCISCO,CA94104     		N/A PC formal collaboration assessment and negotiation Initiative 50,000
    THE REGENERATION PROJECT
    369 PINE ST STE 700
    SAN FRANCISCO,CA94104     		N/A PC Interfaith Power and Light Campaign 50,000
    THE SHANE LALANI CENTER FOR THE ARTS
    PO BOX 58
    LIVINGSTON,MT59047     		N/A PC General & Unrestricted 5,000
    THE US CLIMATE ACTION NETWORK
    50 F ST NW 8TH FL
    WASHINGTON,DC20001     		N/A PC equity and justice Program 500,000
    THUNDER VALLEY COMMUNITY DEVELOPMENT CORPORATION
    PO BOX 290
    PORCUPINE,SD57772     		N/A PC Capacity Building for a Regenerative Community Project 200,000
    TRINITY UNIVERSITY
    ONE TRINITY PL BUSINESS OFC
    SAN ANTONIO,TX78212     		N/A PC Putting on the Dog Book Project 12,500
    TRINITY UNIVERSITY
    ONE TRINITY PL BUSINESS OFC
    SAN ANTONIO,TX78212     		N/A PC Moral Ground Promotional Campaign 49,750
    TRUST FOR PUBLIC LAND
    1007 E MAIN ST STE 300
    BOZEMAN,MT59715     		N/A PC Earnest Deposit for the Bozeman Boys and Girls Club Purchase 25,000
    UNIVERSITY OF UTAH
    201 PRESIDENTS CIR RM 203
    SALT LAKE CTY,UT84112     		N/A PC Toward a Better Understanding of Nature's Resiliency-Building and Restorative Power for Armed Forces Personnel, Veterans, and Their Families 250,000
    URBAN INSTITUTE
    2100 M ST NW
    WASHINGTON,DC20037     		N/A PC Race, Guns and Mass Incarceration Project 15,000
    WARRIORS & QUIET WATERS FOUNDATION
    1087 STONERIDGE DR STE 1
    BOZEMAN,MT59718     		N/A PC specific capacity needs, including retirement of the outstanding amount owed on the new WQW facility, an updated strategic planning process and the funding of a Development Director position 130,000
    WESTERN NATIVE VOICE
    220 S 27TH ST STE C
    BILLINGS,MT59101     		N/A PC General & Unrestricted 50,000
    WESTERN RIVERS CONSERVANCY
    71 SW OAK ST STE 100
    PORTLAND,OR97204     		N/A PC Blue Creek Land Purchase Project 1,000,000
    WGBH EDUCATIONAL FOUNDATION
    ONE GUEST ST
    BOSTON,MA02135     		N/A PC Green Media Discretionary Fund 1,550,000
    WILDERNESS SOCIETY
    1615 M ST NW LBBY 2
    WASHINGTON,DC20036     		N/A PC Montana Conservation Program 75,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BLVD
    BRONX,NY10460     		N/A PC Innii Bison Initiative and National Bison Program 50,000
    WOMEN MAKE MOVIES INC
    115 W 29TH ST STE 1200
    NEW YORK,NY10001     		N/A PC Fire and the Bird's Nest Film Project 25,000
    YELLOWSTONE PARK FOUNDATION INC
    222 E MAIN ST STE 301
    BOZEMAN,MT59715     		N/A PC Park Journeys, Inc. Project 66,000
    YELLOWSTONE TO YUKON CONSERVATION INITIATIVE
    PO BOX 157
    BOZEMAN,MT59771     		N/A PC General & Unrestricted 50,000
    YELLOWSTONE TO YUKON CONSERVATION INITIATIVE
    PO BOX 157
    BOZEMAN,MT59771     		N/A PC Badger-Two Medicine Public Awareness Campaign 85,000
    Total .................................bullet 3a 36,439,833
    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 3,557  
    4 Dividends and interest from securities....     14 1,201,433  
    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 1,094,380  
    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)..   2,299,370  
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,299,370
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


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

    20-6881642
    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 Kendeda Fund
          		Employer identification number
    20-6881642
    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
     
     

    The March 23 2006 Trust  
    ATLANTIC TR CO 3290 Northside Pkwy
     
    Atlanta, GA30327

    		$ 150,506,375


    (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 Kendeda Fund
          		Employer identification number

    20-6881642
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HOME DEPOT INC HD, 900000 sh. $ 112,918,500 2015-11-06
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HOME DEPOT INC HD, 100000 sh. $ 11,860,000 2015-10-05
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HOME DEPOT INC HD, 75000 sh. $ 8,836,125 2015-08-05
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HOME DEPOT INC HD, 100000 sh. $ 11,454,500 2015-07-13
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HOME DEPOT INC HD, 50000 sh. $ 5,437,250 2015-02-05
    (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 Kendeda Fund
          		Employer identification number

    20-6881642
    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 DepreciationSchedule
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    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
    ALLSTEEL WORKSTA 2015-07-31 16,198   SL 7 964      
    COFFEE TABLE 2015-07-31 583   SL 7 35      
    CONFERENCE CHAIRS 2015-07-31 11,275   SL 7 671      
    ETTA CONF TABLE 2015-07-31 3,175   SL 7 189      
    KENNEDY SOFA 2015-07-31 4,241   SL 7 252      
    LOGO GRAPHIC 2015-07-31 594   SL 7 35      
    MG CARY CHAIRS 2015-07-31 3,007   SL 7 179      
    TASK CHAIRS 2015-07-31 3,190   SL 7 190      

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T INC GLBL NT - 3.000% - 02 498,673 492,295
    BERKSHIRE HATHAWAY FIN CORP - 567,512 542,705
    BLACKROCK INC - 5.000% - 12/10 569,197 552,428
    CATERPILLAR FINL - 5.450% - 04 282,900 270,386
    CATERPILLAR INC NT - 5.700% - 267,518 257,110
    COMCAST CORP BOND - 2.850% - 0 499,331 496,216
    COSTCO CORP - 1.125% - 12/15/2 250,388 249,763
    COSTCO WHSL CORP - 1.700% - 12 446,397 446,202
    EI DUPONT DE NEMOURS - 5.250% 548,234 518,675
    GENERAL ELEC CAP CORP MTN BEFR 514,625 511,790
    GOLDMAN SACHS GROUP INC - 2.37 253,255 252,160
    GOLDMAN SACHS GROUP INC NTS - 395,109 380,026
    INTEL CORP NOTE - 3.300% - 10/ 521,067 517,910
    MORGAN STANLEY SR NT-F - 4.750 535,702 517,910
    ORACLE CORP SR NT - 2.250% - 1 501,891 505,429
    PEPSICO INC - 5.000% - 06/01/2 281,635 270,198
    PEPSICO INC NOTES - 4.500% - 0 277,483 271,523
    PFIZER INC NT - 3.400% - 05/15 512,399 512,965
    THE COCA-COLA COMPANY - 3.150% 370,875 365,920
    UNITED TECHNOLOGIES CORP - 4.5 278,553 273,241
    VERIZON COMMUNICATIONS NOTE - 506,589 508,999
    WAL MART STORES - 3.625% - 07/ 652,762 642,118
    WELLS FARGO - 5.625% - 12/11/2 674,696 643,703

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT INCOME OPPORTUNITIES FUND I 7,016,240 6,516,519
    EPOCH GLOBAL EQUITY SHAREHOLDE 8,031,896 7,264,061
    SEIX FLTG RATE HIGH INCOME FD 13,241,496 12,196,291

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    801,276
    State & Local Government Securities - End of Year Fair Market Value:


    788,527


    TY 2015 LandEtcSchedule2
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    ALLSTEEL WORKSTA 16,198 964 15,234  
    COFFEE TABLE 583 35 548  
    CONFERENCE CHAIRS 11,275 671 10,604  
    ETTA CONF TABLE 3,175 189 2,986  
    KENNEDY SOFA 4,241 252 3,989  
    LOGO GRAPHIC 594 35 559  
    MG CARY CHAIRS 3,007 179 2,828  
    TASK CHAIRS 3,190 190 3,000  


    TY 2015 LiquidationExplanationStmt
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    Statement:
    This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2015, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $36,439,833. This amount represents over 25% of the Foundation's net assets of $55,593,266 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2015. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.


    TY 2015 LegalFeesSchedule
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Document Review/Drafting 900     900
    General Consultations 48,784     48,784


    TY 2015 OtherAssetsSchedule
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    KROG OWNER LLC DEPOSIT   3,688 3,688
    LIVINGSTON LEASE   695 695


    TY 2015 OtherExpensesSchedule
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 89,500     89,500
    Bank Charges 90 90    
    Cell Phone Plan 1,429     1,429
    Equipment/Furniture Purchase 5,452     5,452
    Foundation Dues & Memberships 1,000     1,000
    Office Supplies 4,633     4,633
    Payroll Processing Fees 1,088     1,088
    Postage/Delivery Service 44     44
    WEBSITE MAINTENANCE 1,800     1,800


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMUNICATIONS CONSULTING SVCS 123,460     123,460
    PHILANTHROPIC CONSULTING SVCS 664,047     664,047
    INSTALLATION SERVICES 3,239     3,239
    Website Development 45,281     45,281
    WORKSHOPS & TRAINING 6,200     6,200
    DESIGN SERVICES 2,771     2,771
    PLANNING SERVICES 5,402     5,402


    TY 2015 TaxesSchedule
    Name:
    The Kendeda Fund
    EIN:
    20-6881642
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 559,600      
    990-PF Extension for 2014 74,288