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
Owens Family Charitable Foundation
 
% 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

46-4183686
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$8,778,173J 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) 7,523
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 179 179  
4 Dividends and interest from securities... 242,348 241,522  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -112,906
b Gross sales price for all assets on line 6a 7,144,144
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 48,533 47,907  
12 Total. Add lines 1 through 11........ 185,677 289,608  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,000     12,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 103,667 103,667    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,332 678    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 651     651
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 49,426 18,794   30,630
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 170,076 123,139   43,281
25 Contributions, gifts, grants paid....... 107,536 107,536
26 Total expenses and disbursements. Add lines 24 and 25 277,612 123,139   150,817
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -91,935
b Net investment income (if negative, enter -0-) 166,469
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......... 511,859 530,440 530,440
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 243,894 Click to see attachment246,713 246,550
b Investments—corporate stock (attach schedule)....... 7,892,188 Click to see attachment7,789,152 7,350,147
c Investments—corporate bonds (attach schedule)....... 135,103 Click to see attachment137,530 130,069
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 502,612 Click to see attachment489,596 520,967
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,285,656 9,193,431 8,778,173
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) Click to see attachment2,761 Click to see attachment2,471
23 Total liabilities (add lines 17 through 22)......... 2,761 2,471
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 9,282,895 9,190,960
30 Total net assets or fund balances (see instructions)..... 9,282,895 9,190,960
31 Total liabilities and net assets/fund balances (see instructions). 9,285,656 9,193,431
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
9,282,895
2
Enter amount from Part I, line 27a .....................
2
-91,935
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
9,190,960
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
9,190,960
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 Passthrough K1 Capital Gain      
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 7,144,144   7,252,266 -108,122
b       -4,784
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       -108,122
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 -112,906
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 179,438 4,849,669 0.037
2013   2,462  
2012 0 0 0.0
2011 0 0 0.0
2010 0 0 0.0
2
Total of line 1, column (d) .....................
20.037
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.0185
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
9,005,504
5
Multiply line 4 by line 3......................
5
166,602
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,665
7
Add lines 5 and 6........................
7
168,267
8
Enter qualifying distributions from Part XII, line 4.............
8
150,817
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 3,329
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 3,329
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 3,329
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 3,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 44
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,044
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 9 285
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
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE
    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
    James M Bymark Dir
    1.0     		2,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michael P Heck Dir
    1.0     		2,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Edward J Matonich VP / Dir
    1.0     		2,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John R Ryan Jr Pres / Dir
    1.0     		2,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Todd A Scaia Dir / Sec / Treas
    1.0     		2,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John S Shenk MD Dir
    1.0     		2,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Brinker Capital Investment Managemen 71,922
    1055 Westlakes Dr Ste 250
    BERWYN,PA19312
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,074,209
    b
    Average of monthly cash balances.......................
    1b
    550,079
    c
    Fair market value of all other assets (see instructions)................
    1c
    518,356
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,142,644
    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
    9,142,644
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    137,140
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,005,504
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    450,275
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    450,275
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,329
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,329
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    446,946
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    446,946
    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
    446,946
    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
    150,817
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    150,817
    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
    150,817
    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 7 446,946
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 60,881
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 150,817
    a Applied to 2014, but not more than line 2a 60,881
    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..... 89,936
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		357,010
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015.... 0
    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
    ADVOCATES FOR FAMILY PEACE
    1611 NW 4TH ST
    GRAND RAPIDS,MN55744     		N/A PC Emergency Safe Housing, Food Vouchers, Public Awareness 2,000
    AMERICAN ASSOCIATION OF UNIVERSITY WOMEN INC
    1111 16TH ST NW
    WASHINGTON,DC20036     		N/A PC AAUW of Hibbing - rent and insurance of the annual book sale 1,200
    ARROWHEAD ECONOMIC OPPORTUNITY AGENCY INCORPORATED
    702 S 3RD AVE
    VIRGINIA,MN55792     		N/A PC Chisholm Food Shelf 5,000
    BLESSED SACRAMENT CHURCH
    2310 7TH AVE E
    HIBBING,MN55746     		N/A PC Assumption Hall School Building Fund 3,000
    CENTRAL MESABI MEDICAL FOUNDATION
    750 E 34TH ST
    HIBBING,MN55746     		N/A PC Angel Fund 1,000
    CENTRAL MESABI MEDICAL FOUNDATION
    750 E 34TH ST
    HIBBING,MN55746     		N/A PC Tele-ICU Program 25,000
    CENTRAL MESABI MEDICAL FOUNDATION
    750 E 34TH ST
    HIBBING,MN55746     		N/A PC Health Expo 1,000
    CENTRAL MESABI MEDICAL FOUNDATION
    750 E 34TH ST
    HIBBING,MN55746     		N/A PC Charitable Event 1,000
    CENTRAL MESABI MEDICAL FOUNDATION
    750 E 34TH ST
    HIBBING,MN55746     		N/A PC AED units 1,426
    CHISHOLM SECONDARY SCHOOL
    300 SW 3RD AVE
    CHISHOLM,MN55719     		N/A PC ISD 695 Dr. Benjamin P. Owens Scholarship Fund 2,000
    CHISHOLM SECONDARY SCHOOL
    300 SW 3RD AVE
    CHISHOLM,MN55719     		N/A PC All Is Calm Production 2,500
    CHISHOLM VETERANS MEMORIAL ASSOCIATION INC
    319 W LAKE ST
    CHISHOLM,MN55719     		N/A PC General & Unrestricted 4,500
    CITY OF HIBBING
    401 E 21ST ST
    HIBBING,MN55746     		N/A PC Miracle League of the Iron Range 16,000
    CITY OF HIBBING
    401 E 21ST ST
    HIBBING,MN55746     		N/A PC Bocce Ball Court Roof 20,000
    HIBBING PUBLIC SCHOOL DISTRICT
    800 E 21ST ST
    HIBBING,MN55746     		N/A PC Health Care Cirriculum 2,000
    HIBBING PUBLIC SCHOOL DISTRICT
    800 E 21ST ST
    HIBBING,MN55746     		N/A PC HHS Program 1,600
    HIBBING PUBLIC SCHOOL DISTRICT
    800 E 21ST ST
    HIBBING,MN55746     		N/A PC RealityWorks Project 3,710
    KIWANIS INTERNATIONAL FOUNDATION INC
    3636 WOODVIEW TRACE
    INDIANAPOLIS,IN46268     		N/A PC General & Unrestricted 1,000
    MARINE TOYS FOR TOTS FOUNDATION
    18251 QUANTICO GATEWAY DR
    TRIANGLE,VA22172     		N/A PC Christmas 2015 Project 1,000
    MINNESOTA COMMUNITY FOUNDATION
    101 5TH ST E STE 2400
    SAINT PAUL,MN55101     		N/A PC Chisholm Community Foundation, Strategic Initiatives Fund 3,000
    PROJECT CARE FREE CLINIC
    31126TH AVE E
    HIBBLNG,MN55746     		N/A PC General & Unrestricted 2,000
    THE SALVATION ARMY
    107 W HOWARD ST
    HIBBING,MN55746     		N/A PC General & Unrestricted 1,500
    TOURIST CENTER SENIOR CITIZENS INC
    1202 E HOWARD ST
    HIBBING,MN55746     		N/A PC General & Unrestricted 2,600
    UNITED WAY OF NORTHEASTERN MINNESOTA INC
    229 W LAKE ST
    CHISHOLM,MN55719     		N/A PC General & Unrestricted 3,500
    Total .................................bullet 3a 107,536
    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 ...........     		    14 179  
    4 Dividends and interest from securities....     14 242,348  
    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 -112,906  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 262 14 47,907  
    bFederal Tax Refund     01 364  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 262 177,892  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13178,154
    (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
    Owens Family Charitable Foundation
     
    Employer identification number

    46-4183686
    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
    Owens Family Charitable Foundation
          		Employer identification number
    46-4183686
    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
     
     

    Benjamin P Owens MD Revocable Tr  
    John R Ryan Jr 2203 4th Ave E
     
    Hibbing, MN55746

    		$ 7,523


    (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
    Owens Family Charitable Foundation
          		Employer identification number

    46-4183686
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    Owens Family Charitable Foundation
          		Employer identification number

    46-4183686
    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:
    Owens Family Charitable Foundation
    EIN:
    46-4183686
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Owens Family Charitable Foundation
    EIN:
    46-4183686
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T - 3.900% - 03/11/2024 15,495 15,316
    COMCAST CORP - 3.600% - 03/01/ 15,361 15,504
    CONTINENTAL RES INC - 4.500% - 17,539 12,214
    CVS CAREMARK CORP - 3.500% - 0 15,145 15,263
    GE CAP CORP NTS - 5.875% - 01/ 14,362 14,683
    GOLDMAN SACHS GROUP INC NOTE - 15,013 14,784
    JPMORGAN CHASE & CO - 1.800% - 15,082 14,980
    MONSANTO - 4.200% - 07/15/2034 15,062 12,900
    WELLS FARGO CO - 3.500% - 03/0 14,471 14,425

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Owens Family Charitable Foundation
    EIN:
    46-4183686
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 11,398 11,298
    ABB LTD 2,046 1,897
    ABBVIE INC 14,747 15,402
    ABERDEEN AUSTRALIA EQUITY FUND 3,584 2,807
    ABERDEEN LATIN AMERICA EQUITY 2,336 1,144
    ABIOMED 468 1,806
    ACADIA PHARMACEUTICALS INC 307 463
    ACCENTURE PLC 10,705 13,690
    ACE LTD 4,048 4,557
    ADOBE SYSTEMS, INC 6,004 7,797
    AGIOS PHARMACEUTICALS INC 490 325
    AKORN INC 918 1,157
    ALDER BIOPHARMACEUTICALS 370 264
    ALLIANCE DATA SYSTEM CORP 5,986 6,085
    ALLIANCEBERNSTEIN INCOME FUND 6,155 6,243
    ALPHABET INC CL A 11,397 11,670
    ALPHABET INC CL C 6,502 8,348
    ALPS RED ROCKS LISTED PRIVATE 233,849 201,992
    ALTRIA GROUP INC 6,726 6,752
    AMAZON COM 15,775 16,221
    AMERICAN AIRLINES GROUP INC 10,575 9,868
    AMERICAN EXPRESS CO 6,792 5,286
    AMGEN INC 13,960 14,285
    AMN HEALTHCARE SVCS 1,047 900
    AMTRUST FINANCIAL SERVICES, IN 388 554
    ANACOR PHARMACEUTICALS INC 384 339
    ANHEUSER BUSCH COS INC 5,824 6,125
    ANI PHARMACEUTICALS INC 683 587
    APPLE INC 41,203 37,788
    APPLIED MATERIALS INC 12,564 14,675
    ARES CAPITAL CORPORATION - CLO 18,242 15,675
    ARM HOLDINGS PLC 3,189 3,257
    ARRIS GROUP INC 990 917
    ASIA PACIFIC FUND INC 6,436 5,599
    ASML HOLDING NV NY REG SHS 4,969 5,060
    ASTON RIVERROAD LONG SHORT CLA 6,118 5,624
    ASTRONICS CORPORATION 831 814
    AT&T, INC 20,900 20,852
    AVAGO TECHNOLOGIES LIMITED 3,429 6,822
    AVALONBAY CMNTYS INC 5,501 5,892
    AZZ INCORPORATED 766 945
    B&G FOODS INC 694 665
    BANK NEW YORK MELLON CORP COM 5,490 5,111
    BANK OF NOVA SCOTIA 13,757 12,213
    BARD C R INC 5,429 7,009
    BAXTER INTERNATIONAL INC 14,878 15,413
    BED BATH & BEYOND INC 5,876 4,053
    BERKSHIRE HATHAWAY INC. CLASS 40,204 40,536
    BHP BILLITON LIMITED 2,816 2,370
    BIOGEN INC 4,717 4,289
    BITAUTO HOLDINGS LTD 440 283
    BLACKROCK GLOBAL OPPORTUNITIES 6,491 6,342
    BLACKROCK INC 14,862 16,345
    BLACKROCK INTL GROWTH & INCOME 4,110 4,100
    BLUEBIRD BIO INC 502 257
    BOEING CO 10,463 11,856
    BOFI HOLDING INC 948 674
    BOGLE INV MGMT SMALL CAP GROWT 8,293 5,534
    BOSTON BEER CO INC 893 808
    BP PLC SPONSORED ADR 6,395 5,721
    BRISTOL-MYERS SQUIBB CO 7,719 8,117
    BRITISH AMERICAN TOBACCO PLC 6,201 5,964
    BROADSOFT INC 367 354
    BROWN FORMAN CORP CL B 6,724 6,255
    BURLINGTON STORES, INC 1,404 1,201
    C H ROBINSON WORLDWIDE INC 19,390 17,304
    CAESARSTONE SDOT YAM LIMITED 921 780
    CAMBREX CP 792 1,083
    CAMERON INTERNATIONAL CORP 2,595 2,402
    CANADIAN NATL RAILWAY CO 2,241 2,123
    CANADIAN PACIFIC RAILWAY LTD 3,692 2,552
    CAPITAL ONE FINANCIAL CORP 6,335 5,558
    CARMAX INC 3,628 3,400
    CARNIVAL CORP 3,998 4,086
    CARRIZO OIL & GAS, INC 1,417 651
    CASEY'S GENERAL STORES, INC 1,213 1,445
    CBRE GROUP INC 4,306 4,080
    CBS CORP CL B 5,524 5,420
    CHARLES RIV LABORATORIES INTL 978 1,447
    CHARLES SCHWAB CORP 5,454 5,302
    CHARTER ONE FINL INC 5,562 5,971
    CHECK POINT SOFTWARE TECHNOLOG 4,993 6,022
    CHEMED CORP 838 1,198
    CHEVRON CORP 6,896 6,657
    CHINA BIOLOGIC PRODUCTS INC 499 1,282
    CHINA FUND INC 2,670 1,878
    CHINA MOBILE HGK LTD 6,845 6,478
    CHR HANSEN HOLDINGS 2,528 3,838
    CHUBB CORPORATION 4,782 4,908
    CIENA CORP 902 828
    CIMPRESS NV 762 730
    CIRRUS LOGIC INC 788 738
    CISCO SYSTEMS INC 15,236 15,125
    CITIGROUP INC 8,675 8,021
    CITRIX SYSTEMS INC 5,341 4,917
    CMS ENERGY CP 2,567 2,706
    COLONY FINANCIAL INC 54,386 48,408
    COLOPLAST AS ADR 3,152 3,623
    COLUMBIA SPORTSWEAR CO 1,062 829
    COMCAST CORP 6,966 6,433
    COMPASS GROUP PLC ADR 2,953 3,101
    COMSCORE, INC 875 823
    CONSOLIDATED EDISON INC 2,433 2,507
    COOPER TIRE & RUBBER CO 996 908
    CORE LABORATORIES 4,619 3,480
    CREDIT SUISSE FLOATING RATE HI 105,974 99,964
    CRH PLC - AMERICAN DEPOSITARY 2,271 2,306
    CSL LTD 3,905 4,213
    CTRIP.COM INTERNATIONAL LTD 3,599 3,428
    CVS CAREMARK CORP 5,864 5,768
    D R HORTON 12,074 13,228
    DAVITA HEALTHCARE PARTNERS INC 5,664 5,089
    DELTA AIR LINES INC 13,869 13,838
    DIAMONDBACK ENERGY INC 904 669
    DISCOVER FINL SVCS COM 6,675 5,737
    DISH NETWORK CORPORATION 5,523 4,975
    DOMINION RESOURCES INC 3,058 3,044
    DOUBLELINE CORE FIXED INCOME I 527,177 512,236
    DOUBLELINE TOTAL RETURN BOND 557,914 547,262
    DOW CHEMICAL PV 25,096 25,328
    DRIEHAUS ACTIVE INCOME FUND MU 44,679 42,924
    DU PONT DE NEMOURS 9,105 9,324
    DUKE ENERGY CO 3,275 3,427
    DUN & BRADSTREET CORP 6,126 5,716
    E-HOUSE (CHINA) HLDGS LTD 392 283
    EAGLE MLP STRATEGY I 133,197 64,431
    ECOLAB INC 2,689 2,631
    EDGEWELL PERSONAL CARE COMPANY 3,554 3,135
    EDWARDS LIFESCIENCES 5,991 6,002
    ELI LILLY & CO 12,725 13,313
    EMC CORP 6,343 6,266
    ENERGIZER HOLDINGS INC 1,369 1,533
    ENI S.P.A 4,813 4,470
    ENTANTA PHARMACEUTICALS INC 684 528
    EQUIFAX INC 6,358 6,682
    EURONET WORLDWIDE INC 1,359 2,100
    EUROPEAN EQUITY FUND INC (THE) 5,675 5,126
    EXELON CORPORATION 2,660 2,638
    EXPERIAN GROUP LTD S/ADR 3,820 3,825
    EXXON MOBIL CORP 11,576 10,757
    F M C CP 5,949 5,556
    FACEBOOK INC 16,362 17,060
    FANUC LIMITED UNSPONSORED 2,912 2,967
    FEDEX CORPORATION 5,433 5,066
    FINANCIAL ENGINES INC COM 731 673
    FINANCIAL SEL SPDR 172,558 168,025
    FLIR SYSTEMS INC 5,137 5,277
    FLUOR CORP 6,168 5,808
    FORD MOTOR COMPANY 15,147 14,541
    FORTINET INC 3,917 3,647
    FORWARD SELECT INCOME FUND INS 90,515 78,565
    G III APPAREL GRP LTD 979 1,062
    GEN DYNAMICS CP 11,444 10,714
    GENERAL ELECTRIC CO 11,254 11,806
    GENERAL GROWTH PPTYS INC 4,322 4,272
    GILEAD SCIENCES INC 14,966 14,774
    GLOBUS MEDICAL INC 489 556
    GOLDMAN SACHS GROUP 5,808 5,948
    GOODYEAR TIRE & RUBBER COMPANY 6,326 6,305
    GREEN DOT CORP A 931 673
    H&R BLOCK INC 5,954 5,363
    HALLIBURTON COMPANY 7,497 5,038
    HARMAN INTERNATIONAL INDUSTRIE 3,532 3,015
    HARRIS CORP DEL 5,954 6,344
    HCA INC 6,098 4,396
    HDFC BANK LTD ADR 1,933 2,033
    HEARTLAND PYMT SYS 1,484 3,224
    HERCULES TECHNOLOGY GROWTH 18,662 14,945
    HEWLETT PACKARD ENTERPRISE CO 5,969 4,970
    HEXCEL CP DELAWARE 770 883
    HFF INC 537 497
    HOLLYFRONTIER CORP 12,975 10,730
    HOME DEPOT INC 10,697 17,722
    HONDA MOTOR CO LTD 4,226 4,151
    HONEYWELL INTL 14,762 16,260
    HORIZON PHARMA PLC 894 910
    HP INC 5,430 3,872
    HSBC HOLDINGS PLC 14,616 14,485
    HUNTINGTON BANCSHARES INC 13,550 13,239
    ICON PLC - AMERICAN DEPOSITARY 4,319 5,594
    ILLINOIS TOOL WORKS 5,489 5,932
    IMAX CORPORATION 783 782
    INDIVIOR PLC ADR 111 126
    INDUSTRIA DE DISENO 1,484 1,708
    INFINERA CORPORATION 959 1,015
    ING ASIA PAC HI 2,130 2,131
    ING GLOBAL EQ DIV & PREM OPPTN 5,191 5,047
    ING GLOBAL REAL ESTATE FUND W 83,019 81,293
    ING GROUP N V SPONSORED ADR 88,684 82,564
    INSULET CORPORATION 519 492
    INTEL CORP 9,248 9,439
    INTERACTIVE BROKERS GROUP, INC 559 1,046
    INTERNATIONAL BUSINESS MACHINE 15,281 13,349
    INTUIT 5,768 5,694
    ISHARE MSCI ITALY IN 6,422 6,046
    ISHARE MSCI UK INDEX 6,915 5,358
    ISHARES CURRENCY HEDGED MSCI G 98,960 94,848
    ISHARES DJ US HCIF 9,131 9,024
    ISHARES DOW JONES US REAL ESTA 61,326 60,665
    ISHARES GOLD TRUST 7,287 6,506
    ISHARES LEHMAN 20+ YR TREAS 32,891 31,833
    ISHARES MSCI CANADA INDEX FD 16,047 10,535
    ISHARES MSCI INDIA ETF 91,751 89,870
    ISHARES MSCI-HONG KONG 2,243 2,041
    ISHARES MSCI-JAPAN 12,051 11,975
    J2 GLOBAL INC 920 1,070
    JANUS CAPITAL GROUP INC 928 789
    JAPAN SMALLER CAPITALIZATION F 7,517 7,846
    JF CHINA REGION FUND INC 3,470 3,324
    JOHNSON & JOHNSON 12,417 12,532
    JP MORGAN ALERIAN MLP INDEX ET 149,706 126,599
    JP MORGAN CHASE 10,950 10,565
    KANSAS CITY SOUTHERN 3,341 2,837
    KAPSTONE PAPER AND PACKAGING C 1,006 745
    KELLOGG CO 6,699 7,010
    KINDER MORGAN INC 3,490 2,029
    KOHLS CORP 4,436 4,001
    KORN FERRY INTL 889 962
    KRAFT HEINZ CO 6,764 6,839
    L BRANDS, INC 10,480 17,343
    L-3 COMMUNICATIONS CORP 5,982 5,736
    LA Z BOY INC 1,023 904
    LAM RESEARCH CORP 6,153 6,115
    LAZARD WORLD DIVIDEND FUNDS 2,197 1,858
    LENNAR CORP 9,745 9,782
    LITHIA MOTORS INC CL A 957 1,173
    LOCKHEED MARTIN CORP 5,913 5,863
    LOEWS CORP 4,420 4,493
    LVMH MOET HENN UNSP 3,048 2,551
    MANHATTAN ASSOCIATES INC 840 1,720
    MARATHON OIL CORP COM 2,485 1,737
    MARATHON PETROLEUM CORP 3,067 2,851
    MARKETAXESS HOLDINGS, INC 391 781
    MARKETFIELD FUND 4,061 3,404
    MARTIN MARIETTA MATLS INC 2,267 2,049
    MASTERCARD INC 6,529 6,328
    MATADOR RESOURCES COMPANY 705 494
    MATRIX SERVICE CO COM STK 1,158 637
    MAXIMUS INC 805 1,069
    MCDONALD'S CORP 6,351 6,616
    MCGRAW-HILL 5,444 5,520
    MEAD JOHNSON NUTRITI 5,231 4,974
    MEDIDATA SOLUTIONS, INC 978 986
    MENTOR GRAPHICS CORP 698 608
    MICROSOFT CORP 39,489 42,942
    MOMENTA PHARMACEUTICALS, INC 214 237
    MONSANTO CO 5,897 6,108
    MOODYS CORP 5,628 6,121
    MORGAN STANLEY ASIA-PAC FUND 6,885 5,560
    MORGAN STANLEY CHINA 2,380 1,374
    MOTOROLA SOLUTIONS INC 6,020 6,092
    MS DW EMERGING MKT 3,623 2,840
    NATIONAL GRID TRANSCO PLC 1,783 1,808
    NATIXIS ASG GLOBAL ALTERNAT Y 54,953 53,574
    NATUS MEDICAL INCORPORATED 695 1,201
    NESTLE S.A 4,733 4,540
    NETFLIX INC 5,927 5,948
    NEW IRELAND FUND INC 5,641 6,129
    NORFOLK SOUTHERN CORP 3,751 3,976
    NORTHROP GRUMMAN CORP 5,967 6,042
    NOVARTIS AG ADR 9,058 8,690
    NOVO NORDISK A S 8,967 10,280
    NOVOZYMES A/S UNSP/ADR 3,721 3,627
    NUCOR CP 6,036 5,763
    NUVEEN GLOBAL VALUE OPP FUND 6,812 5,777
    NVIDIA CORP 6,126 6,394
    NXP SEMICONDUCTORS 4,439 5,055
    OCCIDENTAL PETROLEUM CORP 5,836 5,274
    OPHTHOTECH CORP 500 1,021
    PALO ALTO NETWORKS INC 4,688 5,108
    PARKER HANNIFIN CP 3,460 3,200
    PEPSICO INC 5,978 6,495
    PERRIGO CO PLC 2,956 2,749
    PFIZER INC 10,497 9,975
    PHILIP MORRIS INTL 30,695 31,648
    PIA BBB BOND FUND MANAGED ACCO 101,245 93,919
    PIA MBS BOND FUND MANAGED ACCO 15,000 14,892
    PIMCO ALL ASSET FUND INSTITUTI 79,362 63,779
    PINNACLE ENTERTAINMENT INC 381 467
    PITNEY BOWES INC 5,532 5,410
    PLUM CREEK TIMBER REIT 5,142 5,965
    PORTFOLIO RECOVERY ASSOCIATES, 864 520
    POWER INTEGRATIONS, INC 928 778
    POWERSHARES QQQ NASDAQ 100 9,397 9,173
    PRECISION CASTPARTS 3,923 3,944
    PRICELINE.COM INCORPORATED 5,635 5,100
    PROCTER GAMBLE CO 10,255 10,800
    PROSHARES SHORT REAL ESTATE 72,998 65,922
    PROSHARES SHORT RUSSELL2000 EX 42,428 42,980
    PROSHARES SHORTDOW30 15,984 16,272
    PROSHARES SHR MSCI E 83,781 87,054
    PROTO LABS INC 887 701
    PRUDENTIAL FINCL INC 15,607 16,445
    PVH CORP 3,489 2,725
    QUALCOMM INC 14,158 10,097
    RADIUS HEALTH INC 428 369
    RAYTHEON CO 5,713 5,977
    RECKITT BENCKISER GROUP 3,968 4,273
    REGENERON PHARMACEUTICALS INC 6,730 6,514
    RESTORATION HARDWARE 1,077 1,033
    RIO TINTO PLC SPONSORED ADR 2,730 2,300
    RIVERNORTH CORE OPPY FD 102,912 95,841
    RIVERPARK SHORT TERM HIGH YIEL 191,989 187,149
    RIVERPARK STRATEGIC INCOME FUN 171,404 150,282
    ROCKWELL AUTOMATION INC 6,454 5,541
    SAIA, INC 1,045 512
    SANDALWOOD OPPORTUNITY CLASS I 109,427 86,857
    SANOFI-AVENTIS SPONSORED ADR 5,404 5,331
    SAP AKTIENGESELL ADS 4,477 4,509
    SCHLUMBERGER LTD 4,867 4,325
    SELECT SECTOR SPDR ENERGY FUND 3,721 3,378
    SENSATA TECHNOLOGIES HOLDINGS 3,163 3,316
    SGS SA UNSP ADR 3,826 3,018
    SHOPRITE HOLDINGS LTD 1,789 1,103
    SILGAN HOLDINGS, INC 834 913
    SINGAPORE FUND, INC 2,961 1,892
    SKECHERS U S A INC CL A 756 1,299
    SOUTHERN CO 21,431 21,804
    SOUTHWEST AIRLINES 6,196 5,727
    SPDR DOUBLELINE TOTAL RETURN T 245,454 242,709
    SPDR S&P 500 ETF TRUST 51,322 49,744
    SPIRIT AEROSYSTEMS HOLDINGS CL 6,136 5,508
    SPORTSMANS WAREHOUSE HOLDINGS 754 684
    ST. JUDE MED INC 5,300 5,065
    STARWOOD HOTELS & RESORTS 6,016 5,196
    STARWOOD PROPERTY TRUST INC 93,613 82,240
    STATE STREET CORPORATION 18,409 17,320
    STERIS PLC 907 904
    STONEGATE BANK 13,636 13,703
    SUPER MICRO COMPUTER INC 754 466
    SWATCH GROUP AG 1,882 1,386
    SWISS HELVETIA FUND 11,953 9,187
    SYNAPTICS INC 699 723
    SYNTEL INC 656 724
    SYSMEX CORP UNSP ASDR 1,630 2,875
    TAIWAN SEMICONDUCTOR MFG CO LT 15,335 16,175
    TANDEM DIABETES CARE INC 305 248
    TARGET CORPORATION 4,561 4,284
    TE CONNECTIVITY LTD 12,054 11,178
    TECHNOLOGY SPDR 115,822 118,682
    TEMPLETON DRAGON FUND 1,651 1,086
    TEMPLETON GLOBAL BD 540,715 473,092
    TENCENT HOLDINGS LIMITED 2,894 3,806
    TERADATA CORPORATION 5,769 5,892
    TEXAS INSTRUMENTS INC 19,817 21,266
    TEXTRON INC 5,414 5,419
    THE COCA-COLA CO 9,221 9,451
    THE GABELLI GLOBAL SMALL AND M 9,961 9,911
    THE NEW GERMANY FUND 5,499 4,469
    TIME WARNER CABLE INC 5,930 5,939
    TIME WARNER INC 4,781 4,462
    TJX COMPANIES INC 4,958 6,524
    TOTAL FINA ELF S.A 6,813 6,158
    TOYOTA MTR CORP 7,372 7,382
    TUDOR PERINI CP 942 519
    UNDER ARMOUR INC 3,764 3,144
    UNICHARM CORP - SPN ADR 2,162 1,885
    UNION PACIFIC 5,731 4,379
    UNITED CONTINENTAL HOLDINGS IN 17,359 16,502
    UNITED PARCEL SERVICE 11,283 10,393
    UNITED TECHNOLOGIES CORP 5,439 5,188
    UNITEDHEALTH GROUP INC 17,538 22,822
    US BANCORP 6,139 5,974
    VANGUARD CHARLOTTE INTL BD IDX 98,208 98,357
    VANGUARD FTSE EMERGING MARKETS 17,200 12,463
    VANGUARD MSCI EUROPEAN ETF 37,585 31,724
    VANGUARD MSCI PACIFIC ETF 16,789 15,074
    VANGUARD TOTAL BOND MARKET ETF 294,033 292,514
    VARIAN MEDICAL SYSTEMS INC 11,250 10,989
    VEEVA SYSTEMS INC 385 404
    VERINT SYSTEMS INC 1,034 771
    VERISIGN INC 9,917 14,589
    VERIZON COMMUNICATIONS 5,346 5,408
    VERTEX PHARMCTLS INC 11,217 11,702
    VIACOM INC. CL B 5,351 4,651
    VIRTUSA CORPORATION 735 868
    VISA INC 17,501 17,061
    VODAFONE GROUP PLC 6,827 6,742
    VOYA EMERGING MARKETS HIGH INC 2,211 1,561
    VOYA INFRASTRUCTURE INDUSTRIAL 7,199 6,338
    WAL-MART DE MEX V SP/ADR 2,057 1,911
    WAL-MART STORES INC 7,363 7,663
    WALT DISNEY HOLDINGS CO 8,454 7,671
    WASATCH FRONTIER EMERGING SMAL 6,738 5,828
    WASATCH INTERNATIONAL OPPORTUN 98,244 98,244
    WATERS CORP 5,380 6,864
    WELLS FARGO & CO 16,930 16,960
    WELLS FARGO ADVANTAGE GLOBAL D 5,398 5,044
    WESTERN DIGITAL CORP 6,377 3,843
    WESTPAC BANKING CP 12,344 13,399
    WHITING PETROLEUM CORP 5,164 2,577
    WISDOM TREE EUROPE HEDGED EQUI 216,432 188,496
    WISDOMTREE JAPAN HEDGED EQUITY 146,556 146,985
    WISDOMTREE JAPAN HEDGED FINANC 62,284 58,210
    WISDOMTREE JAPAN HEDGED REAL E 4,024 3,946
    WITHERSPOON MANAGED FUTURES ST 75,977 73,032
    WYNDHAM WORLDWIDE 5,323 4,940
    WYNN RESORTS 6,991 3,321
    YANDEX N V 3,336 1,855
    YUM BRANDS INC 6,030 6,209

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    Owens Family Charitable Foundation
    EIN:
    46-4183686
    US Government Securities - End of Year Book Value:

    246,713
    US Government Securities - End of Year Fair Market Value:

    246,550
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2015 InvestmentsOtherSchedule2
    Name:
    Owens Family Charitable Foundation
    EIN:
    46-4183686
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    KEYSTONE PRIVATE MARKET OPPORT   486,538 518,356
    LAZARD LTD   3,058 2,611

    TY 2015 OtherExpensesSchedule
    Name:
    Owens Family Charitable Foundation
    EIN:
    46-4183686
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 29,417     29,417
    Bank Charges 249 249    
    Indemnification Insurance 1,181     1,181
    K-1 Exp KEYSTONE PRIVATE MARKE 18,546 18,544    
    K-1 Exp LAZARD LTD 1 1    
    Postage/Delivery Service 7     7
    State or Local Filing Fees 25     25


    TY 2015 OtherIncomeSchedule2
    Name:
    Owens Family Charitable Foundation
    EIN:
    46-4183686
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss KEYSTONE PRIVATE MARKET OPPORTUNITIES 47,974 47,712  
    K-1 Inc/Loss LAZARD LTD 195 195  
    Federal Tax Refund 364    


    TY 2015 OtherLiabilitiesSchedule
    Name:
    Owens Family Charitable Foundation
    EIN:
    46-4183686
    Description Beginning of Year - Book Value End of Year - Book Value
    OUTSTANDING OPTIONS 2,761 2,471


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Owens Family Charitable Foundation
    EIN:
    46-4183686
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 103,667 103,667    


    TY 2015 TaxesSchedule
    Name:
    Owens Family Charitable Foundation
    EIN:
    46-4183686
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 1,900      
    990-PF Extension for 2014 1,754      
    Foreign Tax Paid 678 678