Form990-PF
Click to see attachment

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
WILLARD L & RUTH P ECCLES FOUNDATION
C/O HAROLD DEPOALI
Number and street (or P.O. box number if mail is not delivered to street address)100 W LIBERTY ST NO 890
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RENO, NV89501
A Employer identification number

47-6330351
B Telephone number (see instructions)

(775) 686-5400
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$18,075,817J 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) 242,500
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 355,953 355,953  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,645,700
b Gross sales price for all assets on line 6a 15,967,282
7 Capital gain net income (from Part IV, line 2)... 3,645,700
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 4,244,153 4,001,653  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 149,917 104,942   44,975
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 31,697 30,116   1,581
b Accounting fees (attach schedule)....... Click to see attachment 1,000 950   50
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 62,188 2,188   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,821 0   2,821
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 286 286   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 247,909 138,482   49,427
25 Contributions, gifts, grants paid....... 832,500 832,500
26 Total expenses and disbursements. Add lines 24 and 25 1,080,409 138,482   881,927
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,163,744
b Net investment income (if negative, enter -0-) 3,863,171
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.............   13,832 13,832
2 Savings and temporary cash investments.........   245,594 245,594
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment14,409,367 15,087,890
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment2,990,641 2,728,501
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) 0 17,659,434 18,075,817
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 17,659,434
30 Total net assets or fund balances (see instructions)..... 0 17,659,434
31 Total liabilities and net assets/fund balances (see instructions). 0 17,659,434
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
0
2
Enter amount from Part I, line 27a .....................
2
3,163,744
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
14,507,038
4
Add lines 1, 2, and 3 ..........................
4
17,670,782
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
11,348
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
17,659,434
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 ISHARES RUSL2000 VAL P   2015-03-03
b ISHARES RUSL2000 GRW P   2015-03-03
c ISHARES RUSL2000 VAL P   2015-03-04
d ISHARES RUSL2000 GRW P   2015-03-04
e VANG T BOND MKT-BND P   2015-03-16
ISHARES RUSL1000 VAL P   2015-03-18
VANG T BOND MKT-BND P   2015-03-18
ISHARES RUSL1000 VAL P   2015-03-24
ISHARES RUSL1000 VAL P   2015-04-01
ISHARES RUSL1000 GRW P   2015-04-01
VANG T BOND MKT-BND P   2015-04-01
FIFTH THIRD P   2015-04-01
WW GRAINGER P   2015-04-01
ISHARES RUSL2000 VAL P   2015-04-07
ISHARES RUSL2000 GRW P   2015-04-07
ISHARES RUSL1000 VAL P   2015-04-09
ISHARES RUSL1000 GRW P   2015-04-09
GOOGLE INC -CL C P   2015-06-12
LORILLARD INC P   2015-06-15
LORILLARD INC P   2015-06-15
LORILLARD INC P   2015-06-15
LORILLARD INC P   2015-06-15
LORILLARD INC P   2015-06-15
LORILLARD INC P   2015-06-15
REYNOLDS AMERN P   2015-07-14
CHEMOURS CO/THE P   2015-08-13
CHEMOURS CO/THE P   2015-08-13
SOUTH32 ADR W/I P   2015-08-21
SOUTH32 ADR W/I P   2015-08-21
SOUTH32 ADR W/I P   2015-08-21
AMERICAN TOWER P   2015-09-09
APPLE COMPUTER P   2015-09-09
EOG RESOURCES P   2015-09-09
EOG RESOURCES P   2015-09-09
EOG RESOURCES P   2015-09-09
QUALCOMM P   2015-09-09
QUALCOMM P   2015-09-09
QUALCOMM P   2015-09-09
REYNOLDS AMERN P   2015-09-09
REYNOLDS AMERN P   2015-09-09
REYNOLDS AMERN P   2015-09-09
WAL MART STORES P   2015-09-09
WAL MART STORES P   2015-09-09
WAL MART STORES P   2015-09-09
ACE LIMITED P   2015-09-09
ACE LIMITED P   2015-09-09
ACE LIMITED P   2015-09-09
INTEL CORP P   2015-09-09
INTEL CORP P   2015-09-09
INTEL CORP P   2015-09-09
PROCTER & GAMBLE P   2015-09-09
SCHLUMBERGER LTD P   2015-12-01
SCHLUMBERGER LTD P   2015-12-01
SCHLUMBERGER LTD P   2015-12-01
AMERICAN EXPRESS P   2015-12-04
AMERICAN EXPRESS P   2015-12-04
AMERICAN EXPRESS P   2015-12-04
RANGE RES CORP P   2015-12-04
RANGE RES CORP P   2015-12-04
RANGE RES CORP P   2015-12-04
WHOLE FOODS P   2015-12-04
WHOLE FOODS P   2015-12-04
WHOLE FOODS P   2015-12-04
BHP BILLITON ADR P   2015-12-09
BHP BILLITON ADR P   2015-12-09
BHP BILLITON ADR P   2015-12-09
AMAZON.COM P   2015-12-09
AMAZON.COM P   2015-12-09
ARES CAPITAL CORP P   2015-12-09
ARES CAPITAL CORP P   2015-12-09
ARES CAPITAL CORP P   2015-12-09
DONALDSON INC P   2015-12-09
DONALDSON INC P   2015-12-09
DONALDSON INC P   2015-12-09
I.B.M P   2015-12-09
I.B.M P   2015-12-09
I.B.M P   2015-12-09
PROCTER & GAMBLE P   2015-12-09
JP MORGAN CHASE P   2015-12-09
CHEVRON P   2015-12-29
CHEVRON P   2015-12-29
INTEL CORP P   2015-12-29
INTEL CORP P   2015-12-29
NATIONAL FUEL GAS P   2015-12-29
NATIONAL FUEL GAS P   2015-12-29
AUST & NZ BK P   2015-12-29
AUST & NZ BK P   2015-12-29
ENGIE-SPON ADR P   2015-12-29
ENGIE-SPON ADR P   2015-12-29
HSBC HLDGS P   2015-12-29
HSBC HLDGS P   2015-12-29
GOLAR LNG LTD P   2015-12-29
GOLAR LNG LTD P   2015-12-29
(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 1,249,162   995,364 253,798
b 1,249,696   859,516 390,180
c 224,970   179,532 45,438
d 224,895   155,309 69,586
e 200,336   179,706 20,630
2,002,306   1,602,113 400,193
249,708   224,021 25,687
999,054   786,440 212,614
2,002,626   1,604,987 397,639
1,998,462   1,171,099 827,363
142,350   126,868 15,482
17,697   17,894 -197
19,015   18,721 294
449,621   355,807 93,814
448,318   307,523 140,795
2,138,771   1,692,853 445,918
1,131,671   656,937 474,734
274   284 -10
35,692   33,419 2,273
      0
35,478   33,872 1,606
      0
34,264   33,397 867
      0
50   47 3
4   8 -4
4   8 -4
624   916 -292
606   889 -283
585   859 -274
8,916   9,594 -678
9,503   10,955 -1,452
12,537   15,369 -2,832
13,388   15,653 -2,265
13,234   14,537 -1,303
11,884   14,693 -2,809
11,495   14,049 -2,554
12,272   14,871 -2,599
11,693   9,977 1,716
12,238   10,442 1,796
12,165   10,379 1,786
10,160   12,839 -2,679
10,418   13,104 -2,686
9,707   12,165 -2,458
16,456   18,094 -1,638
15,541   17,033 -1,492
16,760   18,346 -1,586
23,203   25,498 -2,295
22,304   23,967 -1,663
23,145   24,592 -1,447
17,104   20,337 -3,233
30,352   33,676 -3,324
31,982   34,248 -2,266
31,749   32,854 -1,105
14,347   16,006 -1,659
14,059   15,555 -1,496
14,563   15,784 -1,221
14,223   27,339 -13,116
15,276   27,722 -12,446
14,963   23,621 -8,658
10,533   19,014 -8,481
10,263   17,811 -7,548
10,653   18,469 -7,816
7,045   12,578 -5,533
6,808   12,006 -5,198
7,257   12,251 -4,994
83,946   47,229 36,717
10,745   5,956 4,789
8,798   9,687 -889
8,970   9,804 -834
9,080   9,774 -694
12,432   16,088 -3,656
13,071   16,739 -3,668
13,013   16,606 -3,593
18,378   21,266 -2,888
18,939   21,683 -2,744
19,079   20,999 -1,920
15,476   16,519 -1,043
21,313   19,193 2,120
42,034   48,130 -6,096
8,781   9,749 -968
68,651   66,077 2,574
14,387   13,357 1,030
32,171   48,361 -16,190
6,762   9,359 -2,597
32,767   46,333 -13,566
6,951   9,553 -2,602
34,495   41,956 -7,461
7,172   7,832 -660
41,875   46,606 -4,731
8,737   9,129 -392
4,318   8,878 -4,560
20,506   40,902 -20,396
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       253,798
b       390,180
c       45,438
d       69,586
e       20,630
      400,193
      25,687
      212,614
      397,639
      827,363
      15,482
      -197
      294
      93,814
      140,795
      445,918
      474,734
      -10
      2,273
      0
      1,606
      0
      867
      0
      3
      -4
      -4
      -292
      -283
      -274
      -678
      -1,452
      -2,832
      -2,265
      -1,303
      -2,809
      -2,554
      -2,599
      1,716
      1,796
      1,786
      -2,679
      -2,686
      -2,458
      -1,638
      -1,492
      -1,586
      -2,295
      -1,663
      -1,447
      -3,233
      -3,324
      -2,266
      -1,105
      -1,659
      -1,496
      -1,221
      -13,116
      -12,446
      -8,658
      -8,481
      -7,548
      -7,816
      -5,533
      -5,198
      -4,994
      36,717
      4,789
      -889
      -834
      -694
      -3,656
      -3,668
      -3,593
      -2,888
      -2,744
      -1,920
      -1,043
      2,120
      -6,096
      -968
      2,574
      1,030
      -16,190
      -2,597
      -13,566
      -2,602
      -7,461
      -660
      -4,731
      -392
      -4,560
      -20,396
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,645,700
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 0 0 0.000000
2013      
2012      
2011      
2010      
2
Total of line 1, column (d) .....................
20.000000
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
0.000000
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
16,445,236
5
Multiply line 4 by line 3......................
5
0
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
38,632
7
Add lines 5 and 6........................
7
38,632
8
Enter qualifying distributions from Part XII, line 4.............
8
881,927
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 38,632
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 38,632
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 38,632
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 60,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 60,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 21,368
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet21,368 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletNV
    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. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWHITTIER TRUST PHILANTHROPIC SERVICES Telephone no.bullet (775) 686-5400

    Located atbullet100 W LIBERTY ST NO 890RENONV ZIP+4bullet89501
    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
    BARBARA COIT YEAGER PRESIDENT
    1.00     		0 0 0
    100 WEST LIBERTY STREET SUITE 890
    RENO,NV89501
    HOLLY COIT SECRETARY
    1.00     		0 0 0
    100 WEST LIBERTY STREET SUITE 890
    RENO,NV89501
    ANN COIT GOSS VICE PRESIDENT
    1.00     		0 0 0
    100 WEST LIBERTY STREET SUITE 890
    RENO,NV89501
    SUSAN COIT TREASURER
    1.00     		0 0 0
    100 WEST LIBERTY STREET SUITE 890
    RENO,NV89501
    WHITTIER TRUST COMPANY OF NEVADA FOUNDATION MANAGER
    12.50     		149,917 0 0
    100 WEST LIBERTY STREET SUITE 890
    RENO,NV89501
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    16,182,385
    b
    Average of monthly cash balances.......................
    1b
    513,286
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,695,671
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    16,695,671
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    250,435
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    16,445,236
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    822,262
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    822,262
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    38,632
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    38,632
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    783,630
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    783,630
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    783,630
    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
    881,927
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    881,927
    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
    38,632
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    843,295
    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 7 783,630
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014...... 93,696
    fTotal of lines 3a through e........ 93,696
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 881,927
    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)........     		Click to see attachment242,500
    d Applied to 2015 distributable amount..... 639,427
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 93,696 93,696
    (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 5 242,500
    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 ..........     		50,507
    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) .......     		242,500
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    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....  
    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).)
    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
    BEST FRIENDS ANIMAL SOCIETY
    5001 ANGEL CANYON ROAD
    KANAB,UT84741     		NONE PC FOR OPERATIONS IN SOUTH OGDEN UTAH 25,000
    BOYS & GIRLS CLUBS OF PORTLAND
    8203 SE 7TH AVE SUITE 100
    PORTLAND,OR97202     		NONE PC IN HONOR OF WILLIAM E. COIT, MD 5,000
    COLORADO STATE UNIVERSITY FOUNDATION
    410 UNIVERSITY SERVICES CTR
    FORT COLLINS,CO80523     		NONE PC EXPENDED WHERE MOST NEEDED 5,000
    COMMUNITY WAREHOUSE
    3969 NE MARTIN LUTHER KING JR BLVD
    PORTLAND,OR97212     		NONE PC GENERAL OPERATING SUPPORT 5,000
    DOVELEWIS EMERGENCY ANIMAL HOSPITAL
    1945 NW PETTYGROVE ST
    PORTLAND,OR97209     		NONE PC GENERAL OPERATING SUPPORT 5,000
    EQUAMORE FOUNDATION
    4723 OR -66
    ASHLAND,OR97520     		NONE PC OREGON HAY BANK - HAY 10,000
    FRIENDS OF SOUTH GEORGIA ISLAND
    25 DAKOTA MEADOWS DR
    CARBONDALE,CO81623     		NONE PC LAND RESTORATION 3,000
    FRIENDS OF THE MOUNTED PATROL
    PO BOX 82725
    PORTLAND,OR972820725     		NONE PC GENERAL OPERATING SUPPORT 25,000
    GUADALUPE SCHOOL
    1385 N 1200 W
    SALT LAKE CITY,UT84116     		NONE PC PROGRAM SUPPORT 50,000
    HUMANE SOCIETY OF CENTRAL OREGON
    61170 SE 27TH
    BEND,OR97702     		NONE PC BRINGING ANIMALS TO BEND FROM HIGH KILL SHELTERS 10,000
    HUMANE SOCIETY OF THE PIKES PEAK REGION
    610 ABBOT LN
    COLORADO SPRINGS,CO80905     		NONE PC TO BE EXPENDED WHERE MOST NEEDED 3,000
    METROPOLITAN FAMILY SERVICE
    ONE NORTH DEARBORN SUITE 1000
    CHICAGO,IL60602     		NONE PC GENERAL OPERATING SUPPORT 5,000
    OREGON FOOD BANK
    7900 NE 33RD DR
    PORTLAND,OR97211     		NONE PC GENERAL OPERATING SUPPORT 5,000
    OREGON HEALTH AND SCIENCE UNIVERSITY FOUNDATION (OHSU)
    1121 SW SALMON ST 100
    PORTLAND,OR97205     		NONE PC KNIGHT CENTER CANCER CHALLENGE - IN MEMORY OF WILLIAM E. COIT, MD 10,000
    OREGON HUMANE SOCIETY
    1067 NE COLUMBIA BLVD
    PORTLAND,OR97211     		NONE PC DENTAL CARE 50,000
    OREGON MUSEUM OF SCIENCE AND INDUSTRY
    1945 SE WATER AVE
    PORTLAND,OR97214     		NONE PC COASTAL EDUCATION CENTER - WISH UPON A BUNK 5,000
    OREGON MUSEUM OF SCIENCE AND INDUSTRY (OMSI)
    1945 SE WATER AVE
    PORTLAND,OR97214     		NONE PC "WISH UPON A BUNK" - IN HONOR OF WILLIAM E. COIT, MD 5,000
    OREGON MUSEUM OF SCIENCE AND INDUSTRY (OMSI)
    1945 SE WATER AVE
    PORTLAND,OR97214     		NONE PC CAMP GRAY COMMUNITY CAMPAIGN FOR SCHOLARSHIP TO ATTEND CAMP 5,000
    OREGON MUSEUM OF SCIENCE AND INDUSTRY (OMSI)
    1945 SE WATER AVE
    PORTLAND,OR97214     		NONE PC COASTAL EDUCATION CENTER - WISH UPON A BUNK 3,000
    OREGON MUSEUM OF SCIENCE AND INDUSTRY (OMSI)
    1945 SE WATER AVE
    PORTLAND,OR97214     		NONE PC COASTAL EDUCATION CENTER - WISH UPON A BUNK 5,000
    OREGON MUSEUM OF SCIENCE AND INDUSTRY (OMSI)
    1945 SE WATER AVE
    PORTLAND,OR97214     		NONE PC GENERAL OPERATING SUPPORT 25,000
    OREGON STATE UNIVERSITY FOUNDATION
    707 SOUTHWEST WASHINGTON STREET 500
    PORTLAND,OR97205     		NONE PC PURCHASE OF AN ULTRASOUND MACHINE 100,000
    OREGON ZOO FOUNDATION
    4001 SW CANYON RD
    PORTLAND,OR97221     		NONE PC GENERAL OPERATING SUPPORT 5,000
    SAVING GRACE (FORMERLY KNOWN AS CENTRAL OREGON BATTERING AND RAPE ALLIANCE)
    1004 NW MILWAUKEE AVE SUITE 100
    BEND,OR97701     		NONE PC GENERAL OPERATING SUPPORT 5,000
    TELLURIDE AIDS BENEFIT
    109 E COLORADO AVE
    TELLURIDE,CO81435     		NONE PC TO BE EXPENDED WHERE MOST NEEDED 2,500
    THE HUMANE SOCIETY OF BOULDER VALLEY INC
    2323 55TH ST
    BOULDER,CO80301     		NONE PC PADDLE RAISER PLEDGE TOWARDS GENERAL OPERATING SUPPORT 2,500
    THE PONGO FUND
    3632 SE 20TH AVE
    PORTLAND,OR97202     		NONE PC FOOD FOR AT-RISK FAMILY PETS 20,000
    THE ROAD HOME
    210 S RIO GRANDE ST
    SALT LAKE CITY,UT84101     		NONE PC NEW FACILIY - CONSTRUCTION COSTS OR BEDS 50,000
    THE WILD ANIMAL SANCTUARY - A COLORADO NON-PROFIT CORPORATION
    1946 CO RD 53
    KEENESBURG,CO80643     		NONE PC GENERAL OPERATING SUPPORT 5,000
    UNIVERSITY OF UTAH - DEPARTMENT OF PHYSICS AND ASTRONOMY - SLOAN
    115 S 1400 E RM 201
    SALT LAKE CITY,UT84112     		NONE PC SUPPORT FOR SUMMER RESEARCH FELLOWSHIPS 50,000
    UTAH FOOD BANK
    3150 S 900 W
    SALT LAKE CITY,UT84119     		NONE PC GENERAL OPERATING SUPPORT 30,000
    WASATCH HOMELESS HEALTH CARE INC AKA FOURTH STREET CLINIC
    409 W 400 S
    SALT LAKE CITY,UT84101     		NONE PC GENERAL OPERATING SUPPORT FOR HIGHEST NEED 30,000
    WORLD WILDLIFE FUND
    1250 24TH STREET NW
    WASHINGTON,DC20037     		NONE PC TO BE EXPENDED WHERE MOST NEEDED 1,000
    YCC FAMILY CRISIS CENTER
    2261 ADAMS AVE
    OGDEN,UT84404     		NONE PC GENERAL OPERATING SUPPORT 25,000
    AMERICAN CANCER SOCIETY
    941 E 3300 S
    SALT LAKE CITY,UT84106     		NONE PC HOPE LODGE 62,500
    JOHN A MORAN EYE CENTER UNIVERSITY OF UTAH
    65 MARIO CAPPECHI DR
    SALT LAKE CITY,UT84132     		NONE PC MACULAR DEGENERATION RESEARCH 25,000
    THE NATURE CONSERVANCY IN UTAH
    559 E SOUTH TEMPLE
    SALT LAKE CITY,UT84102     		NONE PC GENERAL OPERATING SUPPORT FOR NATURE OF UTAH CAMPAIGN 50,000
    OREGON MUSEUM OF SCIENCE AND INDUSTRY
    1945 SE WATER AVE
    PORTLAND,OR97214     		NONE PC COASTAL DISCOVERY CENTER CAPITAL CAMPAIGN 50,000
    UNIVERSITY OF UTAH - DEPARTMENT OF PHYSICS AND ASTRONOMY - SLOAN
    115 S 1400 E RM 201
    SALT LAKE CITY,UT84112     		NONE PC DEPARTMENT OF PHYSICS AND ASTRONOMY - SLOAN 55,000
    Total .................................bullet 3a 832,500
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    4 Dividends and interest from securities....     14 355,953  
    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 3,645,700  
    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).. 0 4,001,653 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    134,001,653
    (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
    WILLARD L & RUTH P ECCLES FOUNDATION
    C/O HAROLD DEPOALI
    Employer identification number

    47-6330351
    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
    WILLARD L & RUTH P ECCLES FOUNDATION
    C/O HAROLD DEPOALI         		Employer identification number
    47-6330351
    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
    WILLARD L ECCLES CHARITABLE FOUNDATION
     

       
    75 N SILVER OAK RD
     
    SALT LAKE CITY, UT84108

    		$ 242,500


    (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
    WILLARD L & RUTH P ECCLES FOUNDATION
    C/O HAROLD DEPOALI         		Employer identification number

    47-6330351
    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
    WILLARD L & RUTH P ECCLES FOUNDATION
    C/O HAROLD DEPOALI         		Employer identification number

    47-6330351
    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:  

    TY 2015 AccountingFeesSchedule
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 1,000 950   50

    TY 2015 DistributionFromCorpusElection
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Election:
    PURSUANT TO IRC SECTION 4942(H)(2) AND TREASURY REGULATION SECTION 53.4942(A)-3(D)(2), THE FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF CORPUS IN THE AMOUNT OF $242,500.

    TY 2015 GeneralExplanationAttachment
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Identifier Return Reference Explanation
      FORM 990-PF, PART XIII, LINE 7, COLUMN (A): TREASURY REGULATION SECTION 53.4942(A)-3(C)(2)(IV) ELECTION TO TREAT UNUSED CORPUS DISTRIBUTIONS AS CURRENT YEAR CORPUS DISTRIBUTIONS: PURSANT TO TREASURY REGULATION SECTION 53.4942(A)-3(C)(2)(IV), THE FOUNDATION HEREBY ELECTS TO TREAT AS A CURRENT DISTRIBUTION OUT OF CORPUS THE FOLLOWING UNUSED DISTRIBUTIONS THAT WERE TREATED AS CORPUS DISTRIBUTIONS UNDER TREASURY REGULATION SECTION 53.4942(A)-3(D)(2): TAX YEAR: CORPUSAMOUNT: $242,500
      FORM 990-PF, PART III, LINE 3: OTHER INCREASES IN NET ASSETS OR FUND BALANCES EQUAL THE AMOUNT OF THE CAPITAL ENDOWMENT GRANT LESS THE PORTION OF THE ENDOWMENT GRANT OF $242,500 CLAIMED AS A QUALIFIED DISTRIBUTION BY THE WILLARD L. ECCLES FOUNDATION (EIN: 94-2759395) ON THEIR 2014 FORM 990-PF FOR THE PERIOD ENDING 3/31/2015. PURSUANT TO IRC SEC. 4942(G)(3) THE WILLARD L. & RUTH P. ECCLES FOUNDATION DISTRIBUTED THE GRANT CLAIMED AS A QUALIFIED DISTRIBUTION BY THE WILLARD L. ECCLES FOUNDATION OUT OF CORPUS WITHIN TWELVE MONTHS OF RECEIVING THE FUNDS.
      FORM 990-PF, PART XIII, LINE 3E: THE WILLARD L. & RUTH P. ECCLES FOUNDATION (THE FOUNDATION) WAS FUNDED IN 2015 PER A DIVISION OF ASSETS AGREEMENT WITH THE WILLARD L. ECCLES FOUNDATION (EIN: 94-2759395). PER THIS AGREEMENT, THE FOUNDATION WAS ENTITLED TO RECEIVE ONE HALF (50%) OF THE WILLARD L. ECCLES FOUNDATION'S ASSETS THROUGH AN ENDOWMENT GRANT. IN ADDITION, PURSUANT TO REG. 1.507-3 THE FOUNDATION ASSUMES THE PROPORTIONATE SHARE OF THE WILLARD L. ECCLES FOUNDATION TAX BENEFITS, INCLUDING SECTION 4942 CARRYFORWARDS. THE FOUNDATION'S PROPORTIONATE SHARE OF THE WILLARD L. ECCLES FOUNDATION'S EXCESS DISTRIBUTIONS IS $93,696, AS SHOWN IN PART XIII, LINE 3E.

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ISHARES RUSL1000 VAL 665,234 792,764
    ISHARES RUSL1000 GRW 513,006 882,885
    GENERAL ELECTRIC 18,950 233,438
    AMERICAN EXPRESS 89,627 78,035
    APPLE COMPUTER 141,685 118,102
    BOEING CO 169,855 162,230
    CATERPILLAR INC 90,171 76,251
    CHEVRON 118,306 100,935
    CISCO SYS INC 31,006 30,468
    COCA COLA CO 45,400 48,201
    DISNEY WALT CO 119,164 117,900
    DU PONT 77,618 74,725
    EXXON-MOBIL 94,710 87,460
    GENERAL ELECTRIC 28,231 34,950
    GOLDMAN SACHS GROUP 213,516 202,218
    HOME DEPOT 128,771 148,385
    INTEL CORP 35,096 38,653
    I.B.M 180,689 154,410
    JP MORGAN CHASE 67,891 74,086
    JOHNSON & JOHNSON 112,807 115,252
    MCDONALDS CORP 108,320 132,553
    MERCK & CO INC 64,823 59,264
    MICROSOFT CORP 46,792 62,249
    NIKE 111,531 140,250
    PFIZER INC 38,697 36,218
    PROCTER & GAMBLE 92,984 89,098
    3M CO COM 185,050 169,018
    TRAVELERS 121,389 126,629
    UTD TECHNOLOGIES 132,594 107,791
    UNITED HEA. 133,343 131,992
    VERIZON COMM 55,238 51,859
    VISA INC 73,980 87,011
    WAL MART STORES 91,298 68,779
    AT&T INC 62,132 62,489
    AUTOMATIC DATA PROC 74,715 71,758
    BLACKROCK 78,903 72,190
    DU PONT 71,022 63,736
    EMERSON ELECTRIC 55,263 45,917
    EXXON-MOBIL 57,532 51,213
    GENERAL MILLS 66,375 71,960
    GENUINE PARTS CO 71,068 63,730
    ILLINOIS TOOL 76,711 71,920
    JP MORGAN CHASE 66,839 71,841
    JOHNSON & JOHNSON 66,583 66,973
    KIMBERLY CLARK 62,839 73,452
    KINDER MORGAN INC 50,202 45,700
    MCDONALDS CORP 64,444 77,027
    MERCK & CO INC 67,991 61,430
    METLIFE 63,145 59,636
    MICROSOFT CORP 82,448 81,999
    PEPSICO INC 75,347 76,639
    PFIZER INC 71,186 66,884
    PHILIP MORRIS INTL 62,421 66,987
    PROCTER & GAMBLE 66,326 62,337
    RAYTHEON 71,769 82,688
    TARGET CORP 80,268 75,514
    UNITED PARCEL 66,508 63,127
    EATON CORP PLC 61,878 45,431
    ABBOTT LABS 77,792 74,820
    ACTIVISION INC 89,981 152,634
    ALPHABET INC 153,634 206,415
    AMAZON.COM 91,646 166,945
    AMERICAN ELECT POWER 80,883 84,084
    AMERICAN INTL GROUP 61,246 63,829
    ANTHEM, INC. 60,456 54,800
    APPLE COMPUTER 371,544 314,096
    BAKER HUGHES 93,924 82,009
    BERKSHIRE CL B 96,609 88,731
    BIOGEN IDEC INC. 58,231 60,351
    BLACKROCK 74,594 69,466
    CF IND 107,657 81,457
    CVS CORP 137,674 131,501
    CAPITAL ONE 45,241 40,998
    CARDINAL HEALTH INC 64,957 64,899
    CATERPILLAR INC 55,840 47,436
    CELGENE 115,287 119,281
    CERNER CORP 55,083 45,789
    CHEVRON 153,379 132,511
    CITIGROUP INC COM 100,843 100,136
    COMCAST CL A 77,424 71,610
    DANAHER CORP 54,908 52,756
    DAVITA HEALTHCARE 40,743 34,925
    DISNEY WALT CO 137,272 136,289
    EXXON-MOBIL 118,898 110,221
    FORD MOTOR COMPANY 70,557 61,813
    GENERAL ELECTRIC 120,233 149,707
    GILEAD SCIENCES 110,247 111,309
    GOLDMAN SACHS GROUP 56,763 53,889
    HONEYWELL INTL 126,844 127,805
    ILLUMINA INC 32,305 33,398
    JP MORGAN CHASE 201,752 220,804
    JOHNSON & JOHNSON 107,516 110,835
    KINDER MORGAN INC 44,251 29,422
    ESTEELAUDER 83,772 88,676
    LOWES COS 100,943 103,262
    M&T BK 52,377 50,896
    MCKESSON HBOC INC 143,497 125,833
    MERCK & CO INC 66,961 62,011
    MICROSOFT CORP 93,879 112,846
    MONDELEZ INTL INC 73,614 92,460
    NIKE 88,199 112,000
    NORFOLK SOUTHN 123,492 98,970
    OCCIDENTAL PETROLEUM 30,979 28,329
    ORACLE SYSTEMS 117,398 100,494
    PAYCHEX 50,474 53,842
    PEPSICO INC 118,402 122,902
    PFIZER INC 95,018 89,319
    PROCTER & GAMBLE 76,298 73,931
    PRU FINL INC. 76,424 77,665
    SALESFORCE.COM 42,119 49,784
    CHARLES SCHWAB 47,400 45,279
    STARBUCKS CORP 117,165 149,115
    SYNCHRONY FINANCIAL 42,762 40,141
    TJX COS 91,395 92,892
    3M CO COM 137,641 126,538
    UNITED HEA. 48,077 48,350
    VALERO ENERGY 47,814 56,851
    VERIZON COMM 103,292 97,386
    VISA INC 163,224 192,634
    WELLS FARGO 124,771 124,430
    EATON CORP PLC 85,645 66,143
    TE CONNECTIVITY LTD 96,831 88,128
    MYLAN NV 55,154 49,690
    ISHARES RUSL2000 VAL 235,956 266,442
    ISHARES RUSL2000 GRW 315,366 425,640
    CHEMOURS CO/THE 4,151 1,201
    AMERICAN WATER WORKS 17,297 17,328
    ATMOS ENERGY CORP 70,008 84,095
    BEMIS COMPANY 77,437 70,968
    CDK GLOBAL INC. 13,272 13,481
    CHEMOURS CO/THE 3,797 1,024
    EAST WEST BANCORP 39,114 38,692
    HALYARD HEALTH INC 2,857 2,038
    LEGGEH & PLATT 88,326 82,527
    MACQUARIE INFRA 24,799 25,555
    QUESTAR 63,387 53,083
    AMERICAN WATER WORKS 104,077 115,616
    NORDSTROM INC 66,605 41,392
    WHITTIER VALUE 1,350,000 1,254,403

    TY 2015 InvestmentsOtherSchedule2
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD EUROPE PAC AT COST 700,169 702,564
    VANGUARD FTWE - VSS AT COST 350,734 329,503
    EMERG MKT EQ ETF AT COST 937,683 762,012
    AXA UAP SPONS AT COST 50,498 49,877
    BASF AG AT COST 56,934 44,621
    DIAGEO PLC AT COST 59,578 55,298
    ISHARES EUR/PAC DIV AT COST 40,876 40,768
    NESTLE AOR AT COST 63,946 61,322
    NOVARTIS AG AT COST 78,134 66,079
    SSE PLC AT COST 61,267 57,389
    SIEMENS AG AT COST 52,362 45,587
    TORONTO - DOMINION AT COST 58,799 53,075
    UNILEVER ADR AT COST 63,962 63,085
    SEAGATE TECH AT COST 68,431 42,122
    VALIDUS HOLDINGS LTD AT COST 71,402 79,063
    LYONDELLBASELL INDU AT COST 78,630 78,471
    NXP SEMICONDUCTOR LP AT COST 62,075 60,829
    PROLOGIS, INC. AT COST 65,922 66,741
    AMERICAN TOWER AT COST 69,239 70,095

    TY 2015 LegalFeesSchedule
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 31,697 30,116   1,581


    TY 2015 OtherDecreasesSchedule
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Description Amount
    ADJUSTMENT OF STOCK CONTRIBUTION TO COST BASIS 11,348


    TY 2015 OtherExpensesSchedule
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 286 286   0


    TY 2015 OtherIncreasesSchedule
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Description Amount
    CAPITAL ENDOWMENT TRANSFER PER DIVISION OF ASSETS AGREEMENT 14,507,038


    TY 2015 SubstantialContributorsSch
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Name Address
    WILLARD L ECCLES FOUNDATION
          		WELLS FARGO BANK NA 299 S MAIN ST
    5TH FLOOR
    SALT LAKE CITY,UT84111


    TY 2015 TaxesSchedule
    Name:
    WILLARD L & RUTH P ECCLES FOUNDATION
     
    C/O HAROLD DEPOALI
    EIN:
    47-6330351
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 60,000 0   0
    FOREIGN TAXES 2,188 2,188   0