TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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 LENOX D AND FRANCES W BAKER FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231

A Employer identification number

54-1788401

B Telephone number (see instructions)

(410) 537-5450

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,966,591J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	15,646		15,646
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		325,977
b	Gross sales price for all assets on line 6a 1,423,556
7	Capital gain net income (from Part IV, line 2)...			325,977
8	Net short-term capital gain.........				0
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........	341,623		341,623
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		7,307	7,307		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		1,115	643		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	8,422		7,950	0	0
25	Contributions, gifts, grants paid.......	275,000				275,000
26	Total expenses and disbursements. Add lines 24 and 25	283,422		7,950	0	275,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	58,201
b	Net investment income (if negative, enter -0-)			333,673
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	77,723	57,346	57,346
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,412,096	1,491,199	1,909,245
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,489,819	1,548,545	1,966,591
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	1,489,819	1,548,545
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	1,489,819	1,548,545
	31	Total liabilities and net assets/fund balances (see instructions).	1,489,819	1,548,545

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

1,489,819

Enter amount from Part I, line 27a .....................

58,201

Other increases not included in line 2 (itemize) bullet

525

Add lines 1, 2, and 3 ..........................

1,548,545

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

1,548,545

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	3. FOSSIL GROUP INC		2012-05-08	2015-01-02
b	20. QUALCOMM CORP.		2009-10-02	2015-01-02
c	21. QUALCOMM CORP.		2009-10-02	2015-01-05
d	5. COVANCE INC		2010-07-29	2015-01-06
e	2. FOSSIL GROUP INC		2012-05-08	2015-01-06
	15. QUALCOMM CORP.		2010-01-28	2015-01-06
	6. COVANCE INC		2010-07-29	2015-01-07
	2. FOSSIL GROUP INC		2012-05-08	2015-01-07
	12. QUALCOMM CORP.		2010-01-28	2015-01-07
	4. COVANCE INC		2010-07-29	2015-01-08
	5. FOSSIL GROUP INC		2012-05-08	2015-01-08
	25. GILEAD SCIENCES INC.		2013-12-02	2015-01-08
	15. QUALCOMM CORP.		2010-01-28	2015-01-08
	5. COVANCE INC		2010-07-29	2015-01-09
	8. FOSSIL GROUP INC		2012-07-02	2015-01-09
	2. COVANCE INC		2010-07-29	2015-01-12
	2. FOSSIL GROUP INC		2012-07-02	2015-01-12
	2. COVANCE INC		2010-09-03	2015-01-13
	5. COVANCE INC		2010-09-03	2015-01-14
	36. DISCOVERY COMMUNICAIONS-A		2014-04-04	2015-01-14
	13. DISCOVERY COMMUNICATIONS-C		2014-04-04	2015-01-14
	6. CORE LABORATORIES N V		2011-08-08	2015-01-14
	5. COVANCE INC		2010-09-03	2015-01-15
	5. DISCOVERY COMMUNICAIONS-A		2014-03-25	2015-01-15
	7. DISCOVERY COMMUNICATIONS-C		2014-03-25	2015-01-15
	2. CORE LABORATORIES N V		2011-08-08	2015-01-15
	158. DISCOVERY COMMUNICAIONS-A		2014-07-09	2015-01-16
	27. DISCOVERY COMMUNICATIONS-C		2014-03-31	2015-01-16
	12. CORE LABORATORIES N V		2011-08-08	2015-01-16
	5. DISCOVERY COMMUNICATIONS-C		2014-03-31	2015-01-20
	3. FOSSIL GROUP INC		2012-07-02	2015-01-20
	8. CORE LABORATORIES N V		2011-08-08	2015-01-20
	13. DISCOVERY COMMUNICATIONS-C		2014-03-28	2015-01-21
	4. FOSSIL GROUP INC		2012-07-02	2015-01-21
	11. CORE LABORATORIES N V		2011-08-08	2015-01-21
	17. DISCOVERY COMMUNICATIONS-C		2014-04-07	2015-01-22
	8. FOSSIL GROUP INC		2012-07-02	2015-01-22
	15. QUALCOMM CORP.		2010-01-28	2015-01-22
	2. CORE LABORATORIES N V		2011-08-08	2015-01-22
	11. DISCOVERY COMMUNICATIONS-C		2014-04-07	2015-01-23
	42. DISCOVERY COMMUNICATIONS-C		2014-09-19	2015-01-23
	9. DISCOVERY COMMUNICATIONS-C		2014-09-18	2015-01-26
	7. FOSSIL GROUP INC		2012-07-02	2015-01-26
	31. QUALCOMM CORP.		2010-01-28	2015-01-26
	2. CORE LABORATORIES N V		2011-08-08	2015-01-26
	80. DISCOVERY COMMUNICATIONS-C		2014-09-16	2015-01-27
	4. FOSSIL GROUP INC		2012-07-02	2015-01-27
	2. CORE LABORATORIES N V		2011-08-08	2015-01-27
	12. APPLE COMPUTER INC.		2009-01-16	2015-01-28
	2. FOSSIL GROUP INC		2012-07-02	2015-01-28
	3. CORE LABORATORIES N V		2011-08-08	2015-01-28
	5. FOSSIL GROUP INC		2012-07-02	2015-01-29
	21. CORE LABORATORIES N V		2011-08-08	2015-01-29
	74. DISCOVERY COMMUNICATIONS-C		2014-10-06	2015-01-30
	13. CORE LABORATORIES N V		2012-10-03	2015-01-30
	9. FOSSIL GROUP INC		2012-07-02	2015-02-02
	10. CORE LABORATORIES N V		2011-10-10	2015-02-02
	13. COVANCE INC		2010-09-03	2015-02-03
	26. QUALCOMM CORP.		2009-10-09	2015-02-03
	11. CORE LABORATORIES N V		2011-10-10	2015-02-03
	9. COVANCE INC		2010-09-03	2015-02-04
	23. STARBUCKS CORP.		2012-10-26	2015-02-04
	7. CORE LABORATORIES N V		2011-10-10	2015-02-04
	5. COVANCE INC		2010-09-03	2015-02-05
	9. CORE LABORATORIES N V		2011-10-10	2015-02-05
	4. COVANCE INC		2010-09-03	2015-02-06
	15. FMC TECHNOLOGIES INC		2014-01-28	2015-02-06
	2. COVANCE INC		2010-09-03	2015-02-09
	22. FMC TECHNOLOGIES INC		2005-11-11	2015-02-09
	7. QUALCOMM CORP.		2009-10-09	2015-02-09
	4. COVANCE INC		2010-09-03	2015-02-10
	16. FMC TECHNOLOGIES INC		2005-11-11	2015-02-10
	19. QUALCOMM CORP.		2009-10-09	2015-02-10
	4. COVANCE INC		2010-09-03	2015-02-11
	3. COVANCE INC		2010-09-03	2015-02-13
	2. COVANCE INC		2010-09-03	2015-02-17
	14. QUALCOMM CORP.		2010-03-02	2015-02-17
	11. SCHLUMBERGER LTD.		2003-01-28	2015-02-17
	15. COVANCE INC		2010-09-03	2015-02-18
	7. QUALCOMM CORP.		2010-03-02	2015-02-18
	8. QUALCOMM CORP.		2010-03-02	2015-02-19
	5. QUALCOMM CORP.		2010-03-02	2015-03-03
	29. QUALCOMM CORP.		2010-04-26	2015-03-04
	20. QUALCOMM CORP.		2010-04-26	2015-03-05
	40. QUALCOMM CORP.		2010-04-26	2015-03-06
	5. WHOLE FOODS MARKET INC		2014-02-19	2015-03-09
	13. WHOLE FOODS MARKET INC		2014-02-19	2015-03-10
	9. WHOLE FOODS MARKET INC		2014-02-18	2015-03-11
	11. GILEAD SCIENCES INC.		2013-12-02	2015-03-12
	15. WHOLE FOODS MARKET INC		2014-02-13	2015-03-12
	9. WHOLE FOODS MARKET INC		2014-04-24	2015-03-13
	1. WHOLE FOODS MARKET INC		2014-02-13	2015-03-13
	3. GILEAD SCIENCES INC.		2013-12-02	2015-03-16
	1. GILEAD SCIENCES INC.		2013-12-06	2015-03-17
	2. GILEAD SCIENCES INC.		2013-12-06	2015-03-18
	6. GENPACT LTD USD 0.001		2010-03-30	2015-03-18
	3. GILEAD SCIENCES INC.		2013-12-06	2015-03-19
	4. SCHLUMBERGER LTD.		2003-01-28	2015-03-19
	17. SCHLUMBERGER LTD.		2003-01-28	2015-03-19
	4. GENPACT LTD USD 0.001		2010-03-30	2015-03-19
	6. GILEAD SCIENCES INC.		2013-12-10	2015-03-20
	19. SCHLUMBERGER LTD.		2003-01-28	2015-03-20
	9. GENPACT LTD USD 0.001		2010-03-30	2015-03-20
	5. GENPACT LTD USD 0.001		2010-03-30	2015-03-23
	5. GOOGLE INC CL A		2008-12-03	2015-03-24
	4. GOOGLE INC		2008-12-03	2015-03-24
	3. GENPACT LTD USD 0.001		2010-03-30	2015-03-30
	17. EXPRESS SCRIPTS HLDG CO		2011-02-28	2015-04-09
	1. GENPACT LTD USD 0.001		2010-03-30	2015-04-09
	911.383 BROWN ADVISORY VALUE EQUITY INV		2014-12-23	2015-04-10
	14206.198 BROWN ADVISORY VALUE EQUITY INV		2008-03-18	2015-04-10
	4. GENPACT LTD USD 0.001		2010-03-30	2015-04-10
	1. GENPACT LTD USD 0.001		2010-03-30	2015-04-13
	2. GENPACT LTD USD 0.001		2010-03-30	2015-04-16
	2. GENPACT LTD USD 0.001		2010-03-30	2015-04-20
	6. GENPACT LTD USD 0.001		2010-03-30	2015-04-22
	32. CHARLES SCHWAB CORP.		2010-05-27	2015-04-23
	4. GENPACT LTD USD 0.001		2010-03-30	2015-04-23
	2. GENPACT LTD USD 0.001		2010-03-31	2015-04-29
	247.277 BROWN ADVISORY-S/C FND VAL-I		2013-06-19	2015-05-06
	604.149 BROWN ADVISORY-S/C FND VAL-I		2014-12-23	2015-05-06
	5. DAVITA INC		2008-01-07	2015-05-06
	12. EXPRESS SCRIPTS HLDG CO		2011-02-28	2015-05-06
	8. GILEAD SCIENCES INC.		2014-03-21	2015-05-06
	8. DAVITA INC		2008-01-07	2015-05-07
	14. EXPRESS SCRIPTS HLDG CO		2011-02-28	2015-05-07
	6. GILEAD SCIENCES INC.		2014-03-21	2015-05-07
	.0549 GOOGLE INC		2008-12-03	2015-05-07
	4. DAVITA INC		2008-01-07	2015-05-08
	10. GILEAD SCIENCES INC.		2014-03-21	2015-05-08
	4. GENPACT LTD USD 0.001		2010-03-31	2015-05-08
	2. DAVITA INC		2008-01-07	2015-05-11
	1. DAVITA INC		2008-01-07	2015-05-13
	13. DAVITA INC		2008-01-07	2015-05-14
	3. GENPACT LTD USD 0.001		2010-03-31	2015-05-14
	15. CHARLES SCHWAB CORP.		2010-05-27	2015-05-19
	4. VISA INC		2013-08-23	2015-05-19
	10. CHARLES SCHWAB CORP.		2010-10-18	2015-05-20
	6. VISA INC		2013-08-23	2015-05-20
	13. CHARLES SCHWAB CORP.		2010-10-18	2015-05-27
	14. CHARLES SCHWAB CORP.		2010-10-18	2015-05-28
	3. INTUITIVE SURGICAL INC		2013-12-04	2015-06-01
	1. MEAD JOHNSON NUTRITION CO-A		2010-12-06	2015-06-05
	1. MEAD JOHNSON NUTRITION CO-A		2010-12-06	2015-06-09
	7. APPLE COMPUTER INC.		2009-01-16	2015-06-10
	11. GILEAD SCIENCES INC.		2013-11-21	2015-06-10
	9. VISA INC		2013-08-23	2015-06-10
	3. VISA INC		2013-08-23	2015-06-11
	20. WHOLE FOODS MARKET INC		2014-04-24	2015-06-15
	20. WHOLE FOODS MARKET INC		2014-04-22	2015-06-16
	14. WHOLE FOODS MARKET INC		2013-05-07	2015-06-17
	9. VISA INC		2013-08-22	2015-06-18
	11. WHOLE FOODS MARKET INC		2013-05-07	2015-06-18
	7. WHOLE FOODS MARKET INC		2013-05-07	2015-06-19
	23. WHOLE FOODS MARKET INC		2013-05-07	2015-06-22
	7. WHOLE FOODS MARKET INC		2013-05-07	2015-06-24
	7. WHOLE FOODS MARKET INC		2013-05-07	2015-06-25
	13. SALESFORCE COM INC		2009-02-12	2015-07-07
	5. SALESFORCE COM INC		2009-02-12	2015-07-08
	6. ESTEE LAUDER COMPANIES CL A		2012-03-14	2015-07-15
	8. WHOLE FOODS MARKET INC		2013-05-07	2015-07-15
	6. ESTEE LAUDER COMPANIES CL A		2013-02-01	2015-07-16
	12. WHOLE FOODS MARKET INC		2013-05-07	2015-07-16
	12. SCHLUMBERGER LTD.		2003-01-28	2015-07-17
	13. SCHLUMBERGER LTD.		2003-01-28	2015-07-20
	9. SCHLUMBERGER LTD.		2003-01-28	2015-07-21
	29. SCHLUMBERGER LTD.		2003-01-28	2015-07-22
	. PROCEEDS FROM SECURITIES LITIGATION			2015-07-23
	4. AMAZON.COM INC		2015-06-17	2015-07-27
	18. SCHLUMBERGER LTD.		2003-01-28	2015-07-28
	8. SCHLUMBERGER LTD.		2003-01-28	2015-07-29
	4. SCHLUMBERGER LTD.		2003-01-28	2015-08-03
	11. SCHLUMBERGER LTD.		2003-01-28	2015-08-04
	13. SCHLUMBERGER LTD.		2003-01-28	2015-08-05
	33. SCHLUMBERGER LTD.		2003-01-28	2015-08-06
	5. SCHLUMBERGER LTD.		2003-01-28	2015-08-07
	33. SCHLUMBERGER LTD.		2003-01-28	2015-08-10
	18. EXPRESS SCRIPTS HLDG CO		2012-11-07	2015-08-24
	76. GILEAD SCIENCES INC.		2013-11-21	2015-08-24
	3. AMAZON.COM INC		2015-04-17	2015-08-25
	188. WHOLE FOODS MARKET INC		2013-05-06	2015-08-26
	9. GILEAD SCIENCES INC.		2013-12-12	2015-08-27
	17. WHOLE FOODS MARKET INC		2013-05-01	2015-08-27
	4. GILEAD SCIENCES INC.		2013-11-18	2015-08-28
	4. GILEAD SCIENCES INC.		2013-11-15	2015-08-31
	16. WHOLE FOODS MARKET INC		2013-05-01	2015-08-31
	11. GILEAD SCIENCES INC.		2013-11-15	2015-09-01
	10. WHOLE FOODS MARKET INC		2014-10-31	2015-09-01
	9. WHOLE FOODS MARKET INC		2013-04-30	2015-09-01
	18. GILEAD SCIENCES INC.		2013-11-15	2015-09-02
	20. WHOLE FOODS MARKET INC		2014-10-31	2015-09-02
	20. GILEAD SCIENCES INC.		2013-11-13	2015-09-03
	4. WHOLE FOODS MARKET INC		2014-10-30	2015-09-03
	7. WHOLE FOODS MARKET INC		2014-05-07	2015-09-03
	23. WHOLE FOODS MARKET INC		2014-05-07	2015-09-08
	13. WHOLE FOODS MARKET INC		2014-05-07	2015-09-09
	18. WHOLE FOODS MARKET INC		2014-05-07	2015-09-09
	18. CHARLES SCHWAB CORP.		2010-10-18	2015-09-23
	2. AMAZON.COM INC		2015-04-17	2015-09-24
	529.574 BROWN ADVISORY EQUITY INCOME INV		2014-12-23	2015-09-24
	11313.928 BROWN ADVISORY EQUITY INCOME INV		2012-12-12	2015-09-24
	15422.275 BROWN ADVISORY VALUE EQUITY INV		2003-03-26	2015-09-24
	16533.987 BROWN ADVISORY FLEX VALUE-IN		2015-04-10	2015-09-24
	33. CHARLES SCHWAB CORP.		2010-10-18	2015-09-25
	7. APPLE COMPUTER INC.		2009-01-16	2015-10-06
	1. STERICYCLE INC		2010-02-03	2015-10-06
	6. DANAHER CORP		2008-03-18	2015-10-07
	5. STERICYCLE INC		2010-02-03	2015-10-07
	5. DANAHER CORP		2008-03-18	2015-10-08
	5. STERICYCLE INC		2010-02-03	2015-10-08
	16. STARBUCKS CORP.		2012-10-26	2015-10-13
	14. STARBUCKS CORP.		2012-10-26	2015-10-14
	2233.592 BROWN ADV STRAT EUR EQ-INS		2014-03-05	2015-10-26
	2. AMAZON.COM INC		2015-02-04	2015-10-27
	6. FASTENAL CO		2014-02-27	2015-10-28
	4. FASTENAL CO		2014-09-19	2015-10-29
	7. FASTENAL CO		2014-09-19	2015-10-29
	3. AMAZON.COM INC		2015-02-04	2015-10-30
	6. FASTENAL CO		2014-09-18	2015-10-30
	9. FASTENAL CO		2014-09-19	2015-10-30
	5. MASTERCARD INC		2015-09-24	2015-10-30
	26. STARBUCKS CORP.		2012-10-26	2015-10-30
	11. FASTENAL CO		2014-09-18	2015-11-02
	6. FASTENAL CO		2014-09-18	2015-11-02
	6. MASTERCARD INC		2015-09-24	2015-11-02
	23. CHARLES SCHWAB CORP.		2012-12-19	2015-11-03
	26. VISA INC		2015-09-24	2015-11-03
	18. CHARLES SCHWAB CORP.		2012-12-19	2015-11-04
	61. CHARLES SCHWAB CORP.		2012-12-19	2015-11-05
	18. CHARLES SCHWAB CORP.		2010-10-05	2015-11-05
	2. COLFAX CORP		2014-12-23	2015-11-12
	4. COLFAX CORP		2014-12-29	2015-11-13
	11. COLFAX CORP		2015-03-04	2015-11-16
	8. COLFAX CORP		2015-03-04	2015-11-18
	8. COLFAX CORP		2015-05-22	2015-11-19
	33. COLFAX CORP		2015-05-27	2015-11-20
	19. INTERNATIONAL BUSINESS MACHINES CORP.		2015-09-24	2015-11-20
	1. COLFAX CORP		2015-03-10	2015-11-23
	8. COLFAX CORP		2015-01-06	2015-11-24
	1. COLFAX CORP		2015-01-06	2015-11-25
	11. COLFAX CORP		2015-01-06	2015-11-30
	6. COLFAX CORP		2015-01-06	2015-12-01
	7. COLFAX CORP		2014-12-16	2015-12-02
	13. COLFAX CORP		2014-12-16	2015-12-03
	1. COLFAX CORP		2014-12-16	2015-12-04
	7. COLFAX CORP		2014-12-16	2015-12-14
	3. AMAZON.COM INC		2015-02-04	2015-12-15
	2. COLFAX CORP		2014-12-16	2015-12-15
	9. COLFAX CORP		2015-03-13	2015-12-16
	10. COLFAX CORP		2014-12-15	2015-12-16
	2. ALPHABET INC CL A		2015-09-24	2015-12-17
	9. ANTHEM INC		2015-09-24	2015-12-17
	2. COLFAX CORP		2015-03-25	2015-12-17
	14. DAVITA INC		2008-01-07	2015-12-17
	12. EXPRESS SCRIPTS HLDG CO		2011-02-28	2015-12-17
	4. FMC TECHNOLOGIES INC		2015-07-21	2015-12-17
	1. INTUITIVE SURGICAL INC		2013-12-04	2015-12-17
	2. ANTHEM INC		2015-09-24	2015-12-18
	2. COLFAX CORP		2015-03-25	2015-12-18
	3. COLFAX CORP		2015-03-25	2015-12-18
	10. FMC TECHNOLOGIES INC		2015-07-21	2015-12-18
	4. ANTHEM INC		2015-09-24	2015-12-21
	13. COLFAX CORP		2015-03-25	2015-12-21
	15. FMC TECHNOLOGIES INC		2015-07-21	2015-12-21
	1. INTUITIVE SURGICAL INC		2013-12-04	2015-12-21
	15. APPLE COMPUTER INC.		2009-01-16	2015-12-22
	17. COLFAX CORP		2015-03-26	2015-12-22
	9. FMC TECHNOLOGIES INC		2015-07-20	2015-12-22
	2. INTUITIVE SURGICAL INC		2007-01-16	2015-12-22
	10. COLFAX CORP		2015-04-08	2015-12-23
	5. COLFAX CORP		2014-12-12	2015-12-23
	3. COLFAX CORP		2014-12-12	2015-12-23
	22. FMC TECHNOLOGIES INC		2015-07-22	2015-12-23
	48. AKAMAI TECHNOLOGIES COM		2015-09-18	2015-12-28
	16. ALEXION PHARMACEUTICALS INC		2015-12-17	2015-12-28
	2. ALPHABET INC CL C		2015-09-24	2015-12-28
	4. ALPHABET INC CL C		2008-12-03	2015-12-28
	1. ALPHABET INC CL A		2015-09-24	2015-12-28
	3. ALPHABET INC CL A		2008-12-03	2015-12-28
	9. AMAZON.COM INC		2015-01-28	2015-12-28
	8. AMERICAN EXPRESS CO.		2015-09-24	2015-12-28
	5. AMERIPRISE FINL INC		2015-12-11	2015-12-28
	69. AMPHENOL CORP - CL A		2010-04-16	2015-12-28
	26. ANSYS INC		2010-10-11	2015-12-28
	7. ANTHEM INC		2015-09-24	2015-12-28
	30. APPLE COMPUTER INC.		2008-11-20	2015-12-28
	26. BANK OF AMERICA CORPORATION		2015-11-10	2015-12-28
	14. BERKSHIRE HATHAWAY INC DEL CL B		2015-09-24	2015-12-28
	30. BEST BUY COMPANY INC		2015-09-24	2015-12-28
	63. BRISTOL MYERS SQUIBB CO.		2015-12-17	2015-12-28
	2436.647 BROWN ADV STRAT EUR EQ-INS		2014-03-05	2015-12-28
	2247.563 BROWN ADVISORY-S/C FND VAL-I		2013-06-19	2015-12-28
	247.9 BROWN ADVISORY-S/C FND VAL-I		2015-12-21	2015-12-28
	23. CANADIAN NATL RAILWAY CO		2015-09-24	2015-12-28
	3. CANADIAN PAC RY LTD		2015-09-24	2015-12-28
	15. CARMAX INC		2015-09-24	2015-12-28
	10. COGNIZANT TECH SOLUTIONS CRP COM		2008-12-05	2015-12-28
	52. COGNIZANT TECH SOLUTIONS CRP COM		2015-01-26	2015-12-28
	14. COLFAX CORP		2015-04-08	2015-12-28
	27. COSTCO WHOLESALE CORPORATION		2015-06-19	2015-12-28
	7. CROWN CASTLE INTL CORP		2015-09-24	2015-12-28
	49. DANAHER CORP		2008-03-18	2015-12-28
	37. DAVITA INC		2008-01-07	2015-12-28
	13. WALT DISNEY CO.		2015-09-24	2015-12-28
	16. EBAY INC.		2015-09-24	2015-12-28
	33. ECOLAB INC COM		2012-12-05	2015-12-28
	13. EDWARDS LIFESCIENCES CORP		2015-09-24	2015-12-28
	19. EXPRESS SCRIPTS HLDG CO		2015-09-24	2015-12-28
	54. EXPRESS SCRIPTS HLDG CO		2011-04-26	2015-12-28
	29. FMC TECHNOLOGIES INC		2005-11-11	2015-12-28
	37. FMC TECHNOLOGIES INC		2015-07-22	2015-12-28
	53. FACEBOOK INC		2015-03-24	2015-12-28
	66. FASTENAL CO		2014-07-14	2015-12-28
	20. FLEETCOR TECHNOLOGIES INC		2015-08-18	2015-12-28
	12. FRANKLIN RESOURCES INC.		2015-09-24	2015-12-28
	8. INTUITIVE SURGICAL INC		2007-01-16	2015-12-28
	15. J P MORGAN CHASE & CO		2015-09-24	2015-12-28
	48. KINDER MORGAN HOLDCO LLC		2015-09-24	2015-12-28
	18. ESTEE LAUDER COMPANIES CL A		2015-09-04	2015-12-28
	33. ESTEE LAUDER COMPANIES CL A		2013-02-01	2015-12-28
	17. LOWES COS INC		2015-09-24	2015-12-28
	17. MASTERCARD INC		2015-09-24	2015-12-28
	29. MEAD JOHNSON NUTRITION CO-A		2015-07-17	2015-12-28
	19. MEAD JOHNSON NUTRITION CO-A		2010-12-06	2015-12-28
	7. MERCK & CO INC		2015-09-24	2015-12-28
	21. MICROSOFT CORP.		2015-09-24	2015-12-28
	59. NATL INSTRUMENT CORP		2011-06-28	2015-12-28
	21. NETSUITE INC		2015-01-30	2015-12-28
	11. OCCIDENTAL PETROLEUM CORP.		2015-09-24	2015-12-28
	9. OCEANEERING INTERNATIONAL INC		2015-09-24	2015-12-28
	9. OWENS CORNING NEW		2015-09-24	2015-12-28
	16. PAYPAL HOLDINGS INC W I		2015-09-24	2015-12-28
	5. PEPSICO INC.		2015-09-24	2015-12-28
	6. T. ROWE PRICE GROUP INC		2015-09-25	2015-12-28
	1. PRICELINE COM INC		2015-09-24	2015-12-28
	16. QUALCOMM CORP.		2015-09-24	2015-12-28
	50. REGIONS FINL CORP NEW		2015-09-24	2015-12-28
	54. SALESFORCE COM INC		2009-02-12	2015-12-28
	41. CHARLES SCHWAB CORP.		2015-09-24	2015-12-28
	131. CHARLES SCHWAB CORP.		2010-10-05	2015-12-28
	91. STARBUCKS CORP.		2012-10-31	2015-12-28
	10. STERICYCLE INC		2010-02-03	2015-12-28
	25. STERICYCLE INC		2015-11-30	2015-12-28
	11. TJX COS INC		2015-09-24	2015-12-28
	21. TEVA PHARMACEUTICAL INDS		2015-09-24	2015-12-28
	19. TRIPADVISOR INC-W/I		2015-06-17	2015-12-28
	33. TRIPADVISOR INC-W/I		2014-12-23	2015-12-28
	16. UNDER ARMOUR INC		2015-09-03	2015-12-28
	12. UNITED RENTALS INC		2015-09-24	2015-12-28
	7. UNITED TECHNOLOGIES CORP.		2015-09-24	2015-12-28
	29. VISA INC		2015-09-24	2015-12-28
	77. VISA INC		2013-08-29	2015-12-28
	32. WELLS FARGO & CO-NEW		2015-09-24	2015-12-28
	25. YAHOO! INC		2015-10-27	2015-12-28
	10. ACCENTURE PLC IRELAND SHS CL A		2015-09-24	2015-12-28
	124. GENPACT LTD USD 0.001		2010-03-31	2015-12-28
	43. NXP SEMICONDUCTORS N V		2015-07-08	2015-12-28
	3. COLFAX CORP		2015-04-08	2015-12-29
	2. COLFAX CORP		2014-12-17	2015-12-29
	5. FMC TECHNOLOGIES INC		2005-11-11	2015-12-29
	13. COLFAX CORP		2015-02-10	2015-12-30
	10. COLFAX CORP		2014-12-17	2015-12-30
	9. FMC TECHNOLOGIES INC		2005-11-11	2015-12-30
	4. COLFAX CORP		2015-02-10	2015-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	330	237	93
b	1,481	837	644
c	1,555	879	676
d	523	197	326
e	215	158	57
	1,101	621	480
	629	236	393
	211	158	53
	888	492	396
	423	158	265
	523	396	127
	2,546	1,859	687
	1,119	616	503
	530	197	333
	826	622	204
	213	79	134
	206	151	55
	212	79	133
	530	196	334
	1,077	1,516	-439
	377	533	-156
	609	602	7
	529	196	333
	148	210	-62
	201	287	-86
	200	201	-1
	4,611	6,342	-1,731
	771	1,105	-334
	1,201	1,205	-4
	141	203	-62
	294	226	68
	818	802	16
	370	527	-157
	397	302	95
	1,165	1,103	62
	490	686	-196
	804	603	201
	1,076	616	460
	213	200	13
	317	441	-124
	1,206	1,662	-456
	262	350	-88
	692	528	164
	2,246	1,270	976
	216	200	16
	2,318	3,046	-728
	401	302	99
	216	200	16
	1,408	139	1,269
	201	151	50
	302	301	1
	503	377	126
	1,892	2,104	-212
	2,107	2,697	-590
	1,205	1,300	-95
	884	679	205
	968	988	-20
	1,385	510	875
	1,723	1,065	658
	1,156	1,082	74
	960	353	607
	2,049	1,051	998
	736	686	50
	533	196	337
	971	880	91
	425	157	268
	578	654	-76
	212	79	133
	854	194	660
	472	287	185
	425	157	268
	619	141	478
	1,327	778	549
	427	157	270
	321	118	203
	214	78	136
	990	554	436
	971	202	769
	1,603	587	1,016
	495	268	227
	567	306	261
	359	191	168
	2,054	1,103	951
	1,420	761	659
	2,843	1,482	1,361
	279	260	19
	709	672	37
	487	463	24
	1,096	817	279
	818	765	53
	489	457	32
	54	51	3
	303	223	80
	101	74	27
	200	148	52
	142	101	41
	304	220	84
	324	74	250
	1,378	313	1,065
	95	67	28
	613	438	175
	1,563	350	1,213
	213	152	61
	119	84	35
	2,886	694	2,192
	2,280	553	1,727
	70	51	19
	1,498	946	552
	23	17	6
	16,277	16,049	228
	253,723	164,010	89,713
	90	67	23
	23	17	6
	45	34	11
	45	34	11
	134	101	33
	978	533	445
	90	67	23
	44	34	10
	5,809	4,970	839
	14,191	14,234	-43
	407	139	268
	1,008	667	341
	821	583	238
	654	223	431
	1,177	779	398
	607	437	170
	29	8	21
	330	112	218
	1,034	721	313
	91	67	24
	164	56	108
	81	28	53
	1,062	363	699
	69	50	19
	476	250	226
	281	179	102
	318	163	155
	420	268	152
	413	194	219
	446	209	237
	1,513	1,109	404
	95	62	33
	93	62	31
	902	81	821
	1,283	787	496
	626	402	224
	210	134	76
	805	1,000	-195
	815	966	-151
	572	644	-72
	626	402	224
	452	506	-54
	287	322	-35
	952	1,058	-106
	287	322	-35
	287	322	-35
	908	86	822
	348	33	315
	538	374	164
	331	368	-37
	538	373	165
	500	551	-51
	1,008	221	787
	1,092	239	853
	758	166	592
	2,471	534	1,937
	181		181
	2,131	1,712	419
	1,478	331	1,147
	670	147	523
	329	74	255
	906	202	704
	1,075	239	836
	2,748	607	2,141
	416	92	324
	2,776	607	2,169
	1,482	1,001	481
	7,933	5,414	2,519
	1,446	1,144	302
	6,067	8,537	-2,470
	970	634	336
	563	758	-195
	429	279	150
	423	278	145
	525	706	-181
	1,132	765	367
	323	393	-70
	290	397	-107
	1,844	1,235	609
	644	783	-139
	2,063	1,359	704
	130	155	-25
	227	268	-41
	747	882	-135
	425	498	-73
	581	690	-109
	513	269	244
	1,067	748	319
	6,530	7,170	-640
	139,501	116,797	22,704
	240,742	150,676	90,066
	247,348	270,000	-22,652
	940	493	447
	780	81	699
	143	54	89
	529	225	304
	722	271	451
	442	187	255
	724	271	453
	965	366	599
	829	320	509
	22,939	22,961	-22
	1,223	732	491
	234	278	-44
	156	185	-29
	273	324	-51
	1,885	1,098	787
	235	277	-42
	353	417	-64
	497	453	44
	1,631	594	1,037
	432	507	-75
	236	277	-41
	596	543	53
	727	340	387
	2,029	1,812	217
	568	262	306
	1,928	887	1,041
	569	260	309
	54	54
	106	217	-111
	292	574	-282
	210	416	-206
	212	415	-203
	892	1,675	-783
	2,628	2,729	-101
	27	49	-22
	217	392	-175
	27	48	-21
	299	533	-234
	162	291	-129
	190	338	-148
	349	628	-279
	28	48	-20
	166	338	-172
	1,993	988	1,005
	47	97	-50
	212	431	-219
	236	481	-245
	1,542	1,294	248
	1,257	1,316	-59
	47	96	-49
	955	391	564
	1,044	667	377
	117	146	-29
	543	370	173
	279	292	-13
	44	96	-52
	67	143	-76
	286	365	-79
	559	585	-26
	289	620	-331
	429	547	-118
	536	370	166
	1,608	173	1,435
	383	810	-427
	261	328	-67
	1,082	186	896
	236	470	-234
	118	236	-118
	72	142	-70
	649	768	-119
	2,546	3,474	-928
	3,031	2,969	62
	1,523	1,235	288
	3,046	552	2,494
	781	647	134
	2,342	416	1,926
	6,061	2,759	3,302
	558	593	-35
	539	527	12
	3,660	1,527	2,133
	2,435	1,115	1,320
	980	1,023	-43
	3,197	345	2,852
	445	464	-19
	1,864	1,795	69
	916	1,092	-176
	4,351	4,312	39
	25,000	25,049	-49
	49,536	36,453	13,083
	5,464	5,379	85
	1,295	1,254	41
	381	412	-31
	796	880	-84
	604	82	522
	3,141	2,896	245
	324	655	-331
	4,349	3,789	560
	611	532	79
	4,575	1,836	2,739
	2,594	1,032	1,562
	1,394	1,293	101
	441	407	34
	3,807	2,372	1,435
	1,038	909	129
	1,670	1,567	103
	4,740	2,955	1,785
	836	256	580
	1,067	1,238	-171
	5,593	4,516	1,077
	2,730	3,035	-305
	2,871	3,230	-359
	443	444	-1
	4,377	745	3,632
	996	896	100
	734	1,378	-644
	1,596	1,414	182
	2,926	2,051	875
	1,299	1,152	147
	1,674	1,539	135
	2,284	2,522	-238
	1,497	1,179	318
	370	353	17
	1,173	916	257
	1,736	1,711	25
	1,774	1,840	-66
	749	712	37
	345	361	-16
	424	398	26
	584	538	46
	504	460	44
	436	414	22
	1,269	1,264	5
	792	846	-54
	480	443	37
	4,209	357	3,852
	1,356	1,130	226
	4,329	1,896	2,433
	5,466	2,078	3,388
	1,215	542	673
	3,038	3,032	6
	778	780	-2
	1,384	1,280	104
	1,616	1,497	119
	2,807	2,533	274
	1,297	1,297
	867	729	138
	673	602	71
	2,276	2,022	254
	6,040	3,408	2,632
	1,751	1,604	147
	838	869	-31
	1,040	969	71
	3,085	2,054	1,031
	3,684	4,166	-482
	70	140	-70
	46	93	-47
	146	44	102
	305	600	-295
	235	465	-230
	263	79	184
	94	185	-91
			33,800

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			93
b			644
c			676
d			326
e			57
			480
			393
			53
			396
			265
			127
			687
			503
			333
			204
			134
			55
			133
			334
			-439
			-156
			7
			333
			-62
			-86
			-1
			-1,731
			-334
			-4
			-62
			68
			16
			-157
			95
			62
			-196
			201
			460
			13
			-124
			-456
			-88
			164
			976
			16
			-728
			99
			16
			1,269
			50
			1
			126
			-212
			-590
			-95
			205
			-20
			875
			658
			74
			607
			998
			50
			337
			91
			268
			-76
			133
			660
			185
			268
			478
			549
			270
			203
			136
			436
			769
			1,016
			227
			261
			168
			951
			659
			1,361
			19
			37
			24
			279
			53
			32
			3
			80
			27
			52
			41
			84
			250
			1,065
			28
			175
			1,213
			61
			35
			2,192
			1,727
			19
			552
			6
			228
			89,713
			23
			6
			11
			11
			33
			445
			23
			10
			839
			-43
			268
			341
			238
			431
			398
			170
			21
			218
			313
			24
			108
			53
			699
			19
			226
			102
			155
			152
			219
			237
			404
			33
			31
			821
			496
			224
			76
			-195
			-151
			-72
			224
			-54
			-35
			-106
			-35
			-35
			822
			315
			164
			-37
			165
			-51
			787
			853
			592
			1,937
			181
			419
			1,147
			523
			255
			704
			836
			2,141
			324
			2,169
			481
			2,519
			302
			-2,470
			336
			-195
			150
			145
			-181
			367
			-70
			-107
			609
			-139
			704
			-25
			-41
			-135
			-73
			-109
			244
			319
			-640
			22,704
			90,066
			-22,652
			447
			699
			89
			304
			451
			255
			453
			599
			509
			-22
			491
			-44
			-29
			-51
			787
			-42
			-64
			44
			1,037
			-75
			-41
			53
			387
			217
			306
			1,041
			309

			-111
			-282
			-206
			-203
			-783
			-101
			-22
			-175
			-21
			-234
			-129
			-148
			-279
			-20
			-172
			1,005
			-50
			-219
			-245
			248
			-59
			-49
			564
			377
			-29
			173
			-13
			-52
			-76
			-79
			-26
			-331
			-118
			166
			1,435
			-427
			-67
			896
			-234
			-118
			-70
			-119
			-928
			62
			288
			2,494
			134
			1,926
			3,302
			-35
			12
			2,133
			1,320
			-43
			2,852
			-19
			69
			-176
			39
			-49
			13,083
			85
			41
			-31
			-84
			522
			245
			-331
			560
			79
			2,739
			1,562
			101
			34
			1,435
			129
			103
			1,785
			580
			-171
			1,077
			-305
			-359
			-1
			3,632
			100
			-644
			182
			875
			147
			135
			-238
			318
			17
			257
			25
			-66
			37
			-16
			26
			46
			44
			22
			5
			-54
			37
			3,852
			226
			2,433
			3,388
			673
			6
			-2
			104
			119
			274

			138
			71
			254
			2,632
			147
			-31
			71
			1,031
			-482
			-70
			-47
			102
			-295
			-230
			184
			-91

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	325,977
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 ...................		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? Yes No

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	278,458	2,407,538	0.115661
2013	240,000	2,307,393	0.104013
2012	212,254	2,134,681	0.099431
2011	160,000	2,185,731	0.073202
2010	471,811	2,029,331	0.232496

Total of line 1, column (d) .....................

20.624803

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 . . .

0.124961

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

2,210,389

Multiply line 4 by line 3......................

276,212

Enter 1% of net investment income (1% of Part I, line 27b)...........

3,337

Add lines 5 and 6........................

279,549

Enter qualifying distributions from Part XII, line 4.............

275,000

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	6,673
	hereand 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	6,673
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	6,673
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	2,542
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,542
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	4,131
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

BROWN ADVISORY Telephone no. bullet

(410) 537-5450

Located at bullet

901 S BOND STREET SUITE 400BALTIMOREMD ZIP+4 bullet

21231

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
FRANCES W BAKER	OFFICER 1	0
400 W BRAMBLETON AVE SUITE 200 NORFOLK,VA23510	OFFICER 1	0
LENOX D BAKER JR	OFFICER 1	0
400 W BRAMBLETON AVE SUITE 200 NORFOLK,VA23510	OFFICER 1	0
SARA F BAKER	OFFICER 1	0
400 W BRAMBLETON AVE SUITE 200 NORFOLK,VA23510	OFFICER 1	0
MARGARET W BAKER	OFFICER 1	0
400 W BRAMBLETON AVE SUITE 200 NORFOLK,VA23510	OFFICER 1	0

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...................				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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,166,929

Average of monthly cash balances.......................

77,121

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

2,244,050

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,244,050

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

33,661

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,210,389

Minimum investment return. Enter 5% of line 5..................

110,519

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

110,519

Tax on investment income for 2015 from Part VI, line 5......

6,673

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

6,673

Distributable amount before adjustments. Subtract line 2c from line 1............

103,846

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

103,846

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

103,846

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

275,000

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

275,000

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

275,000

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)

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					103,846
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				0
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	287,853
b From 2011......	52,359
c From 2012......	108,506
d From 2013......	129,241
e From 2014......	163,165
fTotal of lines 3a through e........		741,124
4Qualifying distributions for 2015 from Part
XII, line 4: $ 275,000
a Applied to 2014, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....					103,846
e Remaining amount distributed out of corpus		171,154
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		912,278
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		287,853
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		624,425
10 Analysis of line 9:
a Excess from 2011....	52,359
b Excess from 2012....	108,506
c Excess from 2013....	129,241
d Excess from 2014....	163,165
e Excess from 2015....	171,154

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
EPISCOPAL HIGH SCHOOL 1200 NORTH QUAKER LANE ALEXANDRIA,VA22302	NONE	PUBLIC CHARITY	EHS PROMISE CAMPAIGN	10,000
JOHNS HOPKINS UNIVERSITY 3400 NORTH CHARLES STREET BALTIMORE,MD21218	NONE	PUBLIC CHARITY	GENERAL	60,000
WYOMING COMMUNITY FOUNDATION 313 S 2ND STREET Laramie,WY82070	NONE	PUBLIC CHARITY	GENERAL	10,000
NORTHWEST WYOMING FAMILY PLANNING 1231 RUMSEY AVENUE Cody,WY82414	NONE	PUBLIC CHARITY	GENERAL	10,000
YELLOWSTONE BEHAVIORAL HEALTH FDN 2538 BIG HORN AVE Cody,WY82414	NONE	PUBLIC CHARITY	GENERAL	5,000
BRIGHT FUTURES MENTORING PROGRAM 961 12TH STREET CODY,WY80218	NONE	PUBLIC CHARITY	GENERAL	5,000
WEST PARK HOSPITAL FOUNDATION 707 SHERIDAN AVENUE CODY,WY82414	NONE	PUBLIC CHARITY	GENERAL	25,000
ROWLAND HALL 720 SOUTH GUARDSMAN WAY SALT LAKE CITY,UT84108	NONE	PUBLIC CHARITY	EXTRAORDINARY VISION	15,000
MUSEUM OF THE OLD WEST PO BOX 68 MEETEETSE,WY82433	NONE	PUBLIC CHARITY	GENERAL	10,000
MEETEETSE MUSEUM PO BOX 248 MEETEETSE,WY82433	NONE	PUBLIC CHARITY	GENERAL	20,000
NATURE CONSERVANCY WYOMING CHAPTER 258 MAIN STREET LANDER,WY82520	NONE	PUBLIC CHARITY	PRESERVATION OF HEAD WATERS	25,000
SEQUOYAH SCHOOL 535 S PASADENA AVENUE PASADENA,CA91105	NONE	PUBLIC CHARITY	GENERAL	10,000
WYOMING STOCK GROWERS LAND TRUST PO BOX 268 CHEYENNE,WY82001	NONE	NONE	PUBLIC CHARITY	10,000
COTTAGE CO-OP NURSERY SCHOOL 169 ARLINGTON DRIVE PASADENA,CA91205	NONE	PUBLIC CHARITY	GENERAL	10,000
NORTHWEST COLLEGE FOUNDATION 231 W 6TH STREET POWELL,WY82435	NONE	PUBLIC CHARITY	GENERAL	10,000
PARK COUNTY LIBRARY SYSTEM 1500 HEART MOUNTAIN STREET CODY,WY82414	NONE	PUBLIC CHARITY	GENERAL	5,000
IRONSIDE BIRD RESCUE 49 ROAD 2DAW CODY,WY82414	NONE	PUBLIC CHARITY	GENERAL	5,000
HEART MV MEDICAL CLINIC PO BOX 1316 CODY,WY82414	NONE	PUBLIC CHARITY	GENERAL	5,000
BUFFALO BILL CENTER OF THE WEST 720 SHERIDAN AVENUE CODY,WY82414	NONE	PUBLIC CHARITY	GENERAL	15,000
PLANNED PARENTHOOD OF MONTANA 1116 GRAND AVE BILLINGS,MT59102	NONE	PUBLIC CHARITY	GENERAL	10,000
Total ................................. 3a				275,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	15,646
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	325,977
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)..				341,623

13Total. Add line 12, columns (b), (d), and (e)..................

13341,623

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	813,851	1,069,253
EQUITY MUTUAL FUNDS	592,304	745,885
FOREIGN STOCKS	85,044	94,107

Category	Amount	Net Investment Income
FOREIGN TAXES	47	47
QUARTERLY TAX DEPOSIT	472	0
FOREIGN TAXES ON QUALIFIED FOR	513	513
FOREIGN TAXES ON NONQUALIFIED	83	83