TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015

Name of foundation
HENRY M SELDON CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 75000
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI482753462

A Employer identification number

38-6323073

B Telephone number (see instructions)

(313) 222-5067

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$10,129,191J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	142,769		142,769
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		454,676
b	Gross sales price for all assets on line 6a 6,237,535
7	Capital gain net income (from Part IV, line 2)...			454,676
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		-17,450	-17,450
12	Total. Add lines 1 through 11........	579,995		579,995
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		5,160	1,290		3,870
b	Accounting fees (attach schedule).......		3,000	1,500		1,500
c	Other professional fees (attach schedule)....		55,951	55,951		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		38,535	793		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......	1,885		1,885	0	1,885
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		198	198
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	104,729		61,617	0	7,255
25	Contributions, gifts, grants paid.......	535,340				535,340
26	Total expenses and disbursements. Add lines 24 and 25	640,069		61,617	0	542,595
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-60,074
b	Net investment income (if negative, enter -0-)			518,378
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	69	69	69
	2	Savings and temporary cash investments.........	1,307,443	228,546	228,537
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	4,640,824	5,568,615	6,165,430
	c	Investments—corporate bonds (attach schedule).......	2,010,901	2,135,341	2,111,209
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,731,420	1,713,716	1,623,946
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,690,657	9,646,287	10,129,191
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	9,690,657	9,646,287
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	9,690,657	9,646,287
	31	Total liabilities and net assets/fund balances (see instructions).	9,690,657	9,646,287

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

9,690,657

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

-60,074

Other increases not included in line 2 (itemize) bullet

15,704

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

9,646,287

Decreases not included in line 2 (itemize) bullet

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

9,646,287

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	7.03 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2015-01-05
b	47000. UNITED STATES TREASURY 2.375% 08/15/202		2014-12-31	2015-01-05
c	55. SKYWORKS SOLUTIONS INC		2013-10-07	2015-01-06
d	65. UNITED RENTALS INC		2014-11-28	2015-01-06
e	10000. UNITED STATES TREASURY 2.25% 11/15/2024		2014-12-31	2015-01-06
	5000. TYSON FOODS INC 4.5% 06/15/2022-2022		2013-11-19	2015-01-08
	80. BALL CORP		2014-04-01	2015-01-09
	110. COMCAST CORP CL A		2013-12-30	2015-01-09
	15. GOOGLE INC CL A		2014-07-21	2015-01-09
	50. JOHNSON & JOHNSON		2012-09-26	2015-01-09
	45. NORTHROP GRUMMAN CORP		2014-07-31	2015-01-09
	30. WADDELL & REED FINL INC CL A		2014-04-16	2015-01-09
	175. WADDELL & REED FINL INC CL A		2013-04-30	2015-01-09
	106.59 CITIGROUP CMO 1.392% 07/10/2047		2014-07-17	2015-01-12
	5000. UNITED STATES TREASURY 2.25% 11/15/2024		2015-01-08	2015-01-12
	5000. UNITED STATES TREASURY 2.25% 11/15/2024		2014-12-31	2015-01-12
	55. POLARIS INDUSTRIES INC		2014-07-31	2015-01-13
	5000. AMERICREDIT AUTOMOBILE RECEIVABL ABS .96		2013-08-07	2015-01-14
	105. J P MORGAN CHASE & CO		2014-10-02	2015-01-14
	1459.07 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2015-01-15
	1737.91 CARMAX AUTO OWNER TR 2011-2 ABS 1.35% 02		2012-08-30	2015-01-15
	7.53 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-01-15
	14.94 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-01-15
	60. MAGNA INTERNATIONAL CL A		2014-08-27	2015-01-15
	128.44 WFRBS COML MTG TR 2014-C21 CMO 1.413% 08		2014-07-18	2015-01-16
	85. SELECT SECTOR SPDR - ENERGY		2013-11-19	2015-01-20
	5000. UNITED STATES TREASURY 2.25% 11/15/2024		2014-12-31	2015-01-20
	645.56 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2015-01-20
	80. ALASKA AIR GROUP INC		2014-10-21	2015-01-21
	48000. UNITED STATES TREASURY 2.375% 08/15/202		2014-12-31	2015-01-21
	5000. UNITED STATES TREASURY 2.375% 08/15/202		2014-12-31	2015-01-22
	65. JOHNSON & JOHNSON		2012-11-30	2015-01-23
	125. VERIZON COMMUNICATIONS		2014-10-01	2015-01-23
	48. BERKSHIRE HATHAWAY CL B		2008-12-15	2015-01-26
	106. EXPRESS SCRIPTS HLDG CO		2013-03-15	2015-01-26
	1.17 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-01-26
	9.24 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2015-01-26
	151. LOWES COS INC		2013-11-20	2015-01-26
	57. LOWES COS INC		2014-03-25	2015-01-26
	415. NXP SEMICONDUCTORS NV		2013-10-24	2015-01-26
	115. PACKAGING CORP OF AMERICA		2013-12-23	2015-01-27
	20000. CAPITAL AUTO RECEIVABLES ASSET T ABS CL		2013-01-15	2015-01-29
	35. CHEVRONTEXACO CORP		2012-09-26	2015-01-30
	50. CHEVRONTEXACO CORP		2014-11-20	2015-01-30
	7000. UNITED STATES TREASURY 2.25% 11/15/2024		2014-11-28	2015-01-30
	20000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2015-01-30
	75. ALASKA AIR GROUP INC		2014-06-27	2015-02-02
	7.07 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2015-02-03
	60. ABBVIE INC		2013-12-11	2015-02-04
	100. ABBVIE INC		2014-10-31	2015-02-04
	145. ABBVIE INC		2014-01-31	2015-02-06
	356. COGNIZANT TECHNOLOGY SOLUTIONS		2012-08-17	2015-02-06
	65. FOOT LOCKER INC		2015-01-08	2015-02-06
	145. OPEN TEXT CORP		2014-04-28	2015-02-06
	51000. UNITED STATES TREASURY 2.375% 08/15/202		2014-12-31	2015-02-06
	10000. COMM 2012-CCRE4 MTG TR CMO 1.801% 10/15/		2013-11-21	2015-02-09
	20000. COMM 2013-CCRE6 MTG TR CMO 2.122% 03/10/		2014-07-30	2015-02-09
	15000. WFRBS COML MTG TR 2012-C9 MTG PASSTHRU CTF CL A-2 1.829% 11/15/		2013-08-07	2015-02-09
	15000. WFRBS COML MTG TR 2012-C8 CMO 1.881% 08/		2013-10-09	2015-02-09
	60. FOOT LOCKER INC		2014-12-01	2015-02-10
	10000. UNITED STATES TREASURY 1.25% 01/31/2020		2015-01-30	2015-02-10
	177. NXP SEMICONDUCTORS NV		2013-10-24	2015-02-11
	40. ADVANCE AUTO PARTS		2014-06-18	2015-02-12
	40. ADVANCE AUTO PARTS		2014-06-03	2015-02-12
	107.01 CITIGROUP CMO 1.392% 07/10/2047		2014-07-17	2015-02-12
	455. GENTEX CORP		2013-11-18	2015-02-12
	3000. PLAINS 6.75% 02/01/2022-2017		2013-07-25	2015-02-12
	65. ALASKA AIR GROUP INC		2014-06-27	2015-02-13
	16368.35 CARMAX AUTO OWNER TR 2011-2 ABS 1.35% 02		2012-08-30	2015-02-13
	9344.04 CITIGROUP CMO 1.392% 07/10/2047		2014-07-17	2015-02-13
	15. CREDIT ACCEP CORP MICH		2012-08-30	2015-02-13
	15. CREDIT ACCEP CORP MICH		2014-06-30	2015-02-13
	20000. HYUNDAI AUTO RECEIVABLES TR 2011 ASSET BACKED NT CL C ABS 2.86%		2011-05-11	2015-02-13
	9208.44 WFRBS COML MTG TR 2014-C21 CMO 1.413% 08		2014-07-18	2015-02-13
	1782.56 CARMAX AUTO OWNER TR 2011-2 ABS 1.35% 02		2012-08-30	2015-02-17
	7.65 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-02-17
	13.5 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-02-17
	3217.47 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2015-02-17
	4019.68 CNH EQUIP TR 2011-A NT CL A-4 2.04% 10/1		2011-05-04	2015-02-18
	10000. J P MORGAN CHASE COML MTG SECS T CMO 5.8		2013-10-31	2015-02-18
	128.97 WFRBS COML MTG TR 2014-C21 CMO 1.413% 08		2014-07-18	2015-02-18
	256. STERICYCLE INC		2012-08-17	2015-02-19
	10000. UNITED STATES TREASURY 1.25% 01/31/2020		2015-01-30	2015-02-19
	346. VARIAN MEDICAL SYSTEMS INC		2012-08-17	2015-02-19
	328.07 CAPITAL AUTO RECEIVABLES ASSET TRUST AB		2013-08-14	2015-02-20
	70. HUNTINGTON INGALLS INDS INC		2014-06-27	2015-02-23
	80. WAL-MART STORES INC		2014-10-13	2015-02-23
	10000. TRANSALTA CORP 4.5% 11/15/2022-2022		2014-07-29	2015-02-24
	12000. UNITED STATES TREASURY 2.25% 11/15/2024		2015-02-24	2015-02-24
	1.18 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-02-25
	9.34 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2015-02-25
	245. HEWLETT PACKARD CO		2013-12-30	2015-02-25
	155. LOWES COS INC		2013-11-20	2015-02-25
	25. NORTHROP GRUMMAN CORP		2014-07-31	2015-02-26
	95. ICON PLC		2014-06-03	2015-02-26
	10. AVAGO TECHNOLOGIES LTD		2014-10-30	2015-02-26
	35. AVAGO TECHNOLOGIES LTD		2014-10-30	2015-02-26
	140. GENTEX CORP		2013-11-29	2015-02-27
	35. HUNTINGTON INGALLS INDS INC		2014-06-27	2015-02-27
	155. INTEL CORP		2014-09-30	2015-02-27
	50. KROGER CO		2014-06-19	2015-02-27
	80. SELECT SECTOR SPDR - CONSUMER SERVICES		2014-09-22	2015-02-27
	30. AVAGO TECHNOLOGIES LTD		2014-10-30	2015-02-27
	797.74 VOLKSWAGEN AUTO LN ENHANCED TR 2 NT CL A-3 ABS .85% 08/22/2016		2012-01-19	2015-03-02
	782. NXP SEMICONDUCTORS NV		2013-10-23	2015-03-02
	300. MYLAN LABS INC		2014-11-21	2015-03-03
	7.6 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2015-03-03
	65. NXP SEMICONDUCTORS NV		2014-06-27	2015-03-03
	123. APPLE COMPUTER INC		2006-04-06	2015-03-05
	21. BERKSHIRE HATHAWAY CL B		2012-08-17	2015-03-05
	348. COACH INC		2012-08-17	2015-03-05
	143. COGNIZANT TECHNOLOGY SOLUTIONS		2012-08-17	2015-03-05
	118. EXPRESS SCRIPTS HLDG CO		2012-08-17	2015-03-05
	98. MEAD JOHNSON NUTRITION CO		2014-03-13	2015-03-05
	28. SCHLUMBERGER LTD		2009-02-19	2015-03-05
	17. STERICYCLE INC		2012-08-17	2015-03-05
	26. VARIAN MEDICAL SYSTEMS INC		2012-08-17	2015-03-05
	38. VERISK ANALYTICS INC CL A		2012-08-17	2015-03-05
	41. VISA INC CL A		2012-08-17	2015-03-05
	11. PERRIGO CO PLC		2013-12-20	2015-03-05
	345. GENTEX CORP		2013-11-29	2015-03-09
	125. INTEL CORP		2014-06-13	2015-03-09
	700. STRATEGIC HOTELS & RESORTS INC (REIT)		2014-11-13	2015-03-09
	55. NORTHROP GRUMMAN CORP		2014-06-04	2015-03-11
	50. SKYWORKS SOLUTIONS INC		2013-10-07	2015-03-11
	50. UNION PACIFIC CORP		2013-06-05	2015-03-11
	14671.93 CAPITAL AUTO RECEIVABLES ASSET TRUST AB		2013-08-14	2015-03-12
	255. INTEL CORP		2014-04-07	2015-03-12
	40. SANDERSON FARMS INC		2014-10-01	2015-03-12
	30. SANDERSON FARMS INC		2014-10-01	2015-03-12
	5000. UNITED STATES TREASURY 2.25% 11/15/2024		2014-11-28	2015-03-13
	5. CHIPOTLE MEXICAN GRILL INC CL A		2015-01-08	2015-03-16
	35. EXXON MOBIL CORP COMMON STOCK		2014-04-07	2015-03-16
	10. EXXON MOBIL CORP COMMON STOCK		2013-12-30	2015-03-16
	7.71 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-03-16
	18.34 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-03-16
	60. MICROSOFT CORP		2013-11-05	2015-03-16
	35. MICROSOFT CORP		2014-04-16	2015-03-16
	70. SELECT SECTOR SPDR - CONSUMER SERVICES		2014-09-30	2015-03-16
	15000. CARMAX AUTO OWNER TR 2011-1 ASSET BACKED NT CL D 3.62% 08/15/20		2011-03-09	2015-03-17
	15000. CITIGROUP INC NT 3.953% 06/15/2016		2013-09-23	2015-03-19
	145. WAL-MART STORES INC		2014-10-07	2015-03-19
	80. COMCAST CORP CL A		2013-09-25	2015-03-20
	25. CREDIT ACCEP CORP MICH		2012-08-30	2015-03-20
	55. LANNETT INC		2014-10-31	2015-03-20
	55. NXP SEMICONDUCTORS NV		2014-06-27	2015-03-20
	20. AVAGO TECHNOLOGIES LTD		2014-10-21	2015-03-20
	70. ILLINOIS TOOL WKS INC		2013-03-22	2015-03-23
	50. UNION PACIFIC CORP		2013-04-30	2015-03-23
	30. CREDIT ACCEP CORP MICH		2012-08-30	2015-03-24
	1.19 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-03-25
	9.42 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2015-03-25
	100. LANNETT INC		2014-12-01	2015-03-25
	65. SKYWORKS SOLUTIONS INC		2013-10-07	2015-03-25
	120. LANNETT INC		2015-01-09	2015-03-26
	107000. UNITED STATES TREASURY 2.375% 08/15/202		2015-03-18	2015-03-26
	50. NXP SEMICONDUCTORS NV		2014-06-27	2015-03-26
	35. AVAGO TECHNOLOGIES LTD		2014-10-14	2015-03-26
	55. SELECT SECTOR SPDR - CONSUMER SERVICES		2014-09-30	2015-03-31
	110. SELECT SECTOR SPDR - CONSUMER SERVICES		2013-09-27	2015-03-31
	3000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2015-03-31
	33.24 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2015-04-02
	110. COMCAST CORP CL A		2013-09-25	2015-04-07
	5. AUTOZONE INC		2014-06-30	2015-04-09
	5. AUTOZONE INC		2013-03-01	2015-04-09
	35. BERKSHIRE HATHAWAY CL B		2014-08-08	2015-04-09
	100. ILLINOIS TOOL WKS INC		2013-03-22	2015-04-09
	15. MARKEL CORP (HOLDING CO)		2013-09-18	2015-04-09
	100. MASTERCARD INC		2014-04-07	2015-04-09
	100. TJX COMPANIES INC NEW		2013-03-15	2015-04-09
	100. WELLS FARGO & CO NEW		2013-03-15	2015-04-09
	45. COMCAST CORP CL A		2013-09-25	2015-04-10
	15. ACTAVIS PLC		2013-10-02	2015-04-10
	5. ACTAVIS PLC		2014-06-30	2015-04-10
	25000. ROYAL BK CDA GLOBAL MEDIUM TERM TRANCHE # TR 00242 2.3% 07/20		2011-07-18	2015-04-13
	10000. UNITED STATES TREASURY 1.625% 08/31/201		2014-08-28	2015-04-13
	10000. UNITED STATES TREASURY 1.625% 08/31/201		2014-08-28	2015-04-13
	55. UNION PACIFIC CORP		2013-04-30	2015-04-14
	5. BERKSHIRE HATHAWAY CL B		2013-11-06	2015-04-15
	40. BERKSHIRE HATHAWAY CL B		2014-08-04	2015-04-15
	7.74 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-04-15
	16.7 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-04-15
	85. BERKSHIRE HATHAWAY CL B		2013-11-05	2015-04-17
	35. CREDIT ACCEP CORP MICH		2012-08-30	2015-04-17
	35. KROGER CO		2014-06-19	2015-04-17
	20000. VALE OVERSEAS LTD 4.375% 01/11/2022		2012-01-05	2015-04-17
	110. SANMINA CORP		2014-11-26	2015-04-21
	210. SANMINA CORP		2014-11-28	2015-04-21
	82000. UNITED STATES TREASURY 2.375% 08/15/202		2015-03-18	2015-04-22
	12000. UNITED STATES TREASURY .875% 05/15/2017		2015-04-13	2015-04-22
	40. AMERIPRISE FINL INC		2014-06-02	2015-04-23
	7000. UNITED STATES TREASURY 1.25% 01/31/2020		2015-01-30	2015-04-23
	35. FACEBOOK INC		2015-02-27	2015-04-24
	1.2 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-04-27
	9.52 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2015-04-27
	10000. UNITED STATES TREASURY 2.25% 11/15/2024		2015-04-14	2015-04-28
	100. BOISE CASCADE CO DEL		2015-01-08	2015-04-29
	95. SAIA INC COM		2014-06-30	2015-04-29
	175. SAIA INC COM		2014-06-27	2015-04-29
	65. HUNTINGTON INGALLS INDS INC		2014-06-27	2015-04-30
	.132 GOOGLE INC CL C		2012-08-17	2015-05-04
	.173 GOOGLE INC CL C		2013-08-28	2015-05-04
	5.86 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2015-05-04
	630. ALCOA INC		2015-03-09	2015-05-05
	15. BIOGEN IDEC INC		2015-01-20	2015-05-05
	175. BOISE CASCADE CO DEL		2015-01-08	2015-05-05
	25. CHIPOTLE MEXICAN GRILL INC CL A		2015-02-06	2015-05-05
	55. UNION PACIFIC CORP		2012-01-31	2015-05-05
	35. JAZZ PHARMACEUTICALS PLC		2014-08-26	2015-05-05
	105. FACEBOOK INC		2015-02-27	2015-05-07
	370. SANMINA CORP		2014-12-09	2015-05-07
	20. JAZZ PHARMACEUTICALS PLC		2014-08-26	2015-05-07
	65. SKECHERS USA INC CL A		2015-04-17	2015-05-08
	559. WATERS CORP		2013-03-27	2015-05-08
	40. JAZZ PHARMACEUTICALS PLC		2014-08-26	2015-05-08
	20. MINERALS TECHNOLOGIES INC		2014-12-17	2015-05-13
	50. MINERALS TECHNOLOGIES INC		2014-12-17	2015-05-13
	20. PEPSICO INC		2015-02-23	2015-05-13
	20. PEPSICO INC		2015-02-23	2015-05-13
	30. PEPSICO INC		2014-04-16	2015-05-13
	20. MINERALS TECHNOLOGIES INC		2014-12-17	2015-05-14
	10000. UNITED STATES TREASURY 2.375% 08/15/202		2015-04-30	2015-05-14
	635. ALCOA INC		2015-03-11	2015-05-15
	30. AMERIPRISE FINL INC		2014-06-02	2015-05-15
	105. COMCAST CORP CL A		2013-08-28	2015-05-15
	7.8 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-05-15
	18.2 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-05-15
	150. SELECT SECTOR SPDR - HEALTH CARE		2015-02-10	2015-05-15
	50. MYLAN NV		2015-03-03	2015-05-18
	4000. UNITED STATES TREASURY 2.25% 11/15/2024		2015-04-14	2015-05-19
	14000. UNITED STATES TREASURY 2.25% 11/15/2024		2015-03-31	2015-05-19
	15000. UNITED STATES TREASURY 1.25% 01/31/2020		2015-01-30	2015-05-19
	6000. UNITED STATES TREASURY 2.25% 11/15/2024		2015-03-31	2015-05-20
	9000. UNITED STATES TREASURY 1.25% 01/31/2020		2015-01-30	2015-05-20
	5000. UNITED STATES TREASURY 2.375% 08/15/202		2015-04-30	2015-05-21
	1.22 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-05-26
	9.61 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2015-05-26
	5000. UNITED STATES TREASURY 2.375% 08/15/202		2015-05-08	2015-05-26
	4000. UNITED STATES TREASURY 2.375% 08/15/202		2015-05-08	2015-05-27
	8000. UNITED STATES TREASURY 2.375% 08/15/202		2015-05-08	2015-05-27
	5000. UNITED STATES TREASURY .875% 05/15/2017		2015-04-13	2015-05-27
	5000. UNITED STATES TREASURY 2.375% 08/15/202		2015-05-08	2015-05-28
	21000. UNITED STATES TREASURY 1.25% 01/31/2020		2015-02-13	2015-05-29
	8000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2015-05-29
	85. AMTRUST FINL SVCS INC		2014-04-02	2015-06-01
	80. BANK OF THE OZARKS INC		2015-02-06	2015-06-01
	6.24 PAINEWEBBER CMO CMO/SER H CL 4		1998-11-17	2015-06-01
	9000. UNITED STATES TREASURY 2.375% 08/15/202		2015-05-29	2015-06-01
	200000. UNITED STATES TREASURY 2.375% 08/15/202		2015-05-27	2015-06-02
	30. AMERISOURCEBERGEN CORP		2014-07-31	2015-06-03
	45. LITHIA MTRS INC - CL A		2014-12-09	2015-06-03
	15000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2015-06-04
	65. PEPSICO INC		2014-02-03	2015-06-05
	55. PINNACLE FINANCIAL PARTNERS INC		2015-03-09	2015-06-09
	105. LENNAR CORP		2014-10-31	2015-06-10
	56000. UNITED STATES TREASURY 2.375% 08/15/202		2015-05-29	2015-06-10
	55. AMERISOURCEBERGEN CORP		2014-08-27	2015-06-11
	135. BANK OF THE OZARKS INC		2015-02-06	2015-06-11
	10. BIOGEN IDEC INC		2014-02-04	2015-06-11
	10. BIOGEN IDEC INC		2014-08-18	2015-06-11
	265. LENNAR CORP		2014-10-31	2015-06-11
	7.87 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-06-15
	13.7 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-06-15
	205. SOUTHWEST AIRLINES CO		2015-04-23	2015-06-15
	9000. UNITED STATES TREASURY 1.625% 08/31/201		2014-08-28	2015-06-16
	4000. UNITED STATES TREASURY 1.25% 01/31/2020		2015-02-13	2015-06-16
	119. PERRIGO CO PLC		2013-12-20	2015-06-17
	85. MICROSOFT CORP		2013-11-05	2015-06-18
	185. ORACLE CORPORATION		2015-03-20	2015-06-18
	60. ORACLE CORPORATION		2015-03-19	2015-06-18
	1.22 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-06-25
	24.77 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2015-06-25
	15. GOOGLE INC CL A		2014-10-01	2015-06-25
	170. GENERAL MTRS CO		2015-03-30	2015-07-01
	45. UNITED RENTALS INC		2014-12-02	2015-07-02
	320. CARDTRONICS INC		2015-03-09	2015-07-07
	160. CARDTRONICS INC		2015-03-09	2015-07-07
	96. NOW INC		2012-08-17	2015-07-07
	75. NXP SEMICONDUCTORS NV		2014-06-27	2015-07-07
	60. AVAGO TECHNOLOGIES LTD		2014-10-16	2015-07-07
	73.7 AMERICREDIT AUTOMOBILE RECEIVABL ABS CL		2013-02-05	2015-07-08
	95. EPAM SYS INC		2015-01-09	2015-07-08
	5. EPAM SYS INC		2015-01-09	2015-07-08
	125. UNITED RENTALS INC		2015-01-23	2015-07-08
	25. UNITED RENTALS INC		2015-01-23	2015-07-08
	50. APPLE COMPUTER INC		2015-01-09	2015-07-09
	25. EPAM SYS INC		2015-01-09	2015-07-09
	185. GENERAL MTRS CO		2015-05-05	2015-07-10
	160. MAGNA INTERNATIONAL CL A		2014-06-03	2015-07-10
	65. PAREXEL INTERNATIONAL CORP		2015-03-09	2015-07-13
	55. HCA HLDGS INC COM		2014-11-28	2015-07-14
	25. PRICESMART INC		2014-09-12	2015-07-14
	7.94 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-07-15
	13.03 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-07-15
	15000. UNITED STATES TREASURY .875% 05/15/2017		2014-05-30	2015-07-15
	31000. UNITED STATES TREASURY 2.375% 08/15/202		2014-11-24	2015-07-16
	50. EOG RESOURCES INC		2015-05-11	2015-07-17
	80. EOG RESOURCES INC		2015-05-11	2015-07-20
	45. ASBURY AUTOMOTIVE GROUP		2014-02-24	2015-07-21
	75. ASBURY AUTOMOTIVE GROUP		2014-02-24	2015-07-21
	80. SEI INVESTMENT COMPANY		2014-08-27	2015-07-22
	35. SEI INVESTMENT COMPANY		2014-08-27	2015-07-22
	40. SEI INVESTMENT COMPANY		2014-08-27	2015-07-22
	215. TAIWAN SEMICONDUCTOR SPON ADR		2014-08-27	2015-07-22
	23000. UNITED STATES TREASURY 2.125% 05/15/202		2015-06-29	2015-07-23
	15. BIOGEN IDEC INC		2014-04-15	2015-07-24
	1.24 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-07-27
	5.77 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2015-07-27
	5000. HARLEY DAVIDSON INC 3.5% 07/28/2025-2025		2015-07-23	2015-07-28
	100. MYLAN NV		2015-03-03	2015-07-28
	9000. UNITED STATES TREASURY 2.375% 08/15/202		2014-11-24	2015-07-29
	30. SKECHERS USA INC CL A		2015-04-17	2015-07-30
	25. SKECHERS USA INC CL A		2015-04-17	2015-07-31
	28000. UNITED STATES TREASURY 1.5% 05/31/2020		2015-06-30	2015-07-31
	30. APPLE COMPUTER INC		2014-01-28	2015-08-03
	10. APPLE COMPUTER INC		2015-01-09	2015-08-03
	75. CHEVRONTEXACO CORP		2008-02-29	2015-08-03
	9000. UNITED STATES TREASURY 1.625% 08/31/201		2014-08-28	2015-08-03
	4000. UNITED STATES TREASURY 2.375% 08/15/202		2014-11-24	2015-08-04
	40. APPLE COMPUTER INC		2013-09-27	2015-08-06
	20. SKECHERS USA INC CL A		2015-04-15	2015-08-06
	10. SKECHERS USA INC CL A		2015-04-15	2015-08-06
	150. MYLAN NV		2015-03-03	2015-08-06
	40. SKECHERS USA INC CL A		2015-04-15	2015-08-07
	7000. UNITED STATES TREASURY 2.375% 08/15/202		2014-11-24	2015-08-07
	13000. UNITED STATES TREASURY 2.125% 05/15/202		2015-07-31	2015-08-07
	1039.65 AMERICREDIT AUTOMOBILE RECEIVABL ABS CL		2013-02-05	2015-08-10
	90. HCA HLDGS INC COM		2014-11-28	2015-08-11
	25. ANTHEM INC		2015-02-06	2015-08-13
	8.01 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-08-17
	12.3 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-08-17
	52. ISHARES RUSSELL 3000 INDEX		2015-08-13	2015-08-18
	150. PRA GROUP INC		2015-05-13	2015-08-18
	50. PRA GROUP INC		2015-05-15	2015-08-20
	25. SKECHERS USA INC CL A		2015-04-01	2015-08-20
	39000. UNITED STATES TREASURY 2.375% 08/15/202		2014-11-24	2015-08-20
	50. APPLE COMPUTER INC		2013-09-27	2015-08-21
	25. HCA HLDGS INC COM		2014-10-13	2015-08-21
	30. SKECHERS USA INC CL A		2015-04-01	2015-08-21
	45. ANTHEM INC		2015-02-09	2015-08-24
	40. EURONET SVCS INC		2014-08-08	2015-08-24
	45. FOOT LOCKER INC		2015-04-23	2015-08-24
	75. HCA HLDGS INC COM		2014-10-16	2015-08-24
	50. ISHARES RUSSELL 3000 INDEX		2015-08-13	2015-08-24
	150. JANUS CAPITAL GROUP INC		2015-05-05	2015-08-24
	5. NVR INC		2015-05-05	2015-08-24
	50. PRA GROUP INC		2015-05-15	2015-08-24
	280. RITE AID CORP STORES		2015-02-23	2015-08-24
	20. UNIVERSAL HEALTH SVCS INC CL B		2014-10-21	2015-08-24
	1.25 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-08-25
	13.6 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2015-08-25
	20. HNI CORP		2015-04-24	2015-08-25
	40. HNI CORP		2015-04-24	2015-08-25
	75. KNIGHT TRANSPORTATION INC		2015-01-28	2015-08-25
	50. KNIGHT TRANSPORTATION INC		2015-01-28	2015-08-25
	60. PRA GROUP INC		2015-05-11	2015-08-25
	50. ALASKA AIR GROUP INC		2015-05-15	2015-08-26
	20. AMSURG CORP		2015-07-31	2015-08-26
	20. AMSURG CORP		2015-07-31	2015-08-26
	30. HNI CORP		2015-04-24	2015-08-26
	45. ICON PLC		2014-06-03	2015-08-26
	50. IPG PHOTONICS CORP		2015-05-18	2015-09-01
	260. SUPER MICRO COMPUTER INC		2015-06-11	2015-09-01
	75. KNIGHT TRANSPORTATION INC		2015-01-09	2015-09-02
	75. KNIGHT TRANSPORTATION INC		2015-01-09	2015-09-02
	65. PAREXEL INTERNATIONAL CORP		2015-03-11	2015-09-02
	85. AMTRUST FINL SVCS INC		2014-04-02	2015-09-04
	65. CVS CORPORATION (DEL)		2014-04-16	2015-09-04
	45. FOOT LOCKER INC		2015-04-23	2015-09-04
	20. NETSCOUT SYSTEMS INC		2015-04-15	2015-09-04
	50. NETSCOUT SYSTEMS INC		2015-04-15	2015-09-04
	943.96 AMERICREDIT AUTOMOBILE RECEIVABL ABS CL		2013-02-05	2015-09-08
	20. PRICESMART INC		2014-08-27	2015-09-09
	5. PRICESMART INC		2014-09-12	2015-09-09
	325. RITE AID CORP STORES		2015-02-23	2015-09-09
	219. APPLE COMPUTER INC		2015-08-07	2015-09-10
	708. APPLE COMPUTER INC		2013-01-24	2015-09-10
	131. BERKSHIRE HATHAWAY CL B		2015-09-04	2015-09-10
	742. BERKSHIRE HATHAWAY CL B		2014-02-03	2015-09-10
	1668. COACH INC		2014-06-20	2015-09-10
	1271. COGNIZANT TECHNOLOGY SOLUTIONS		2013-05-29	2015-09-10
	273. CUMMINS ENGINE INC		2012-08-17	2015-09-10
	1475. E M C CORP		2013-10-25	2015-09-10
	1112. EXPRESS SCRIPTS HLDG CO		2014-01-09	2015-09-10
	48. GOOGLE INC CL A		2012-08-17	2015-09-10
	48. GOOGLE INC CL C		2012-08-17	2015-09-10
	1756. LKQ CORP		2014-09-05	2015-09-10
	79. M & T BANK CORP		2015-04-30	2015-09-10
	579. M & T BANK CORP		2013-12-12	2015-09-10
	162. MEAD JOHNSON NUTRITION CO		2015-09-01	2015-09-10
	489. MEAD JOHNSON NUTRITION CO		2014-03-13	2015-09-10
	913. NATIONAL-OILWELL INC		2015-03-13	2015-09-10
	385. NATIONAL-OILWELL INC		2012-08-17	2015-09-10
	7. PRICELINE.COM		2015-09-04	2015-09-10
	41. PRICELINE.COM		2014-04-25	2015-09-10
	1407. QUALCOMM INC		2014-07-30	2015-09-10
	296. QUALCOMM INC		2015-02-25	2015-09-10
	437. SCHLUMBERGER LTD		2012-08-17	2015-09-10
	529. SCHLUMBERGER LTD		2015-09-01	2015-09-10
	267. STERICYCLE INC		2014-01-09	2015-09-10
	9000. UNITED STATES TREASURY 2% 08/15/2025		2015-08-20	2015-09-10
	383. VARIAN MEDICAL SYSTEMS INC		2012-08-17	2015-09-10
	667. VERISK ANALYTICS INC CL A		2012-08-17	2015-09-10
	680. VISA INC CL A		2014-05-07	2015-09-10
	151. PERRIGO CO PLC		2013-12-20	2015-09-10
	430. CORE LABORATORIES N V		2014-12-16	2015-09-10
	25. FEDEX CORP		2015-02-13	2015-09-14
	240. RITE AID CORP STORES		2015-02-12	2015-09-14
	128000. UNITED STATES TREASURY .875% 05/15/2017		2015-03-06	2015-09-14
	289000. UNITED STATES TREASURY .875% 05/15/2017		2014-08-07	2015-09-14
	5000. CORPORACION ANDINA DE FOMENTO 3.75% 01/1		2013-09-30	2015-09-15
	16000. CORPORACION ANDINA DE FOMENTO NT 4.375%		2009-05-29	2015-09-15
	8.08 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-09-15
	18.82 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-09-15
	495. RITE AID CORP STORES		2015-02-12	2015-09-15
	25. FEDEX CORP		2015-02-04	2015-09-16
	40. ALLERGAN PLC		2015-07-13	2015-09-21
	35000. UNITED STATES TREASURY 1.875% 08/31/2017		2015-09-14	2015-09-22
	60. UNIVERSAL FOREST PRODUCTS INC		2015-09-17	2015-09-24
	1.26 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-09-25
	70. AMSURG CORP		2015-09-17	2015-09-28
	75. ISHARES RUSSELL 3000 INDEX		2015-08-13	2015-09-28
	30. ALLERGAN PLC		2015-09-17	2015-09-28
	937. EMERSON ELEC CO		2013-04-15	2015-09-29
	85. FOOT LOCKER INC		2015-09-17	2015-09-29
	410. JANUS CAPITAL GROUP INC		2015-06-16	2015-09-29
	80. ISHARES RUSSELL 3000 INDEX		2015-09-17	2015-09-30
	420. JANUS CAPITAL GROUP INC		2015-09-17	2015-09-30
	150. KNIGHT TRANSPORTATION INC		2015-04-28	2015-09-30
	320. KNIGHT TRANSPORTATION INC		2015-09-17	2015-09-30
	22000. UNITED STATES TREASURY 1.875% 08/31/2017		2015-09-14	2015-09-30
	60. EXPRESS SCRIPTS HLDG CO		2015-05-28	2015-10-05
	30. ALLERGAN PLC		2015-09-17	2015-10-05
	80. ISHARES RUSSELL 3000 INDEX		2015-09-17	2015-10-06
	205. PAREXEL INTERNATIONAL CORP		2015-09-17	2015-10-06
	65. TAIWAN SEMICONDUCTOR SPON ADR		2014-08-27	2015-10-06
	195. TAIWAN SEMICONDUCTOR SPON ADR		2015-09-17	2015-10-06
	35. CVS CORPORATION (DEL)		2015-09-17	2015-10-07
	55. FOOT LOCKER INC		2015-09-17	2015-10-07
	926.79 AMERICREDIT AUTOMOBILE RECEIVABL ABS CL		2013-02-05	2015-10-08
	30. APPLE COMPUTER INC		2015-09-17	2015-10-08
	25. OLD DOMINION FGHT LINES INC		2015-09-17	2015-10-08
	50. OLD DOMINION FGHT LINES INC		2015-09-17	2015-10-08
	120. OLD DOMINION FGHT LINES INC		2013-06-28	2015-10-08
	20. IPG PHOTONICS CORP		2015-06-01	2015-10-13
	20. IPG PHOTONICS CORP		2015-06-01	2015-10-13
	20. IPG PHOTONICS CORP		2015-07-29	2015-10-13
	270. WAL-MART STORES INC		2015-09-30	2015-10-14
	8.15 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-10-15
	13.06 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-10-15
	5000. XILINX INC 3% 03/15/2021		2014-03-05	2015-10-15
	165. PACCAR INC		2015-07-01	2015-10-16
	140. RYDER SYSTEMS INC		2014-12-24	2015-10-16
	140. SPIRIT AIRLS INC COM		2015-03-09	2015-10-16
	265. MORGAN STANLEY		2015-06-10	2015-10-19
	240. MORGAN STANLEY		2015-05-13	2015-10-21
	80. HNI CORP		2015-04-24	2015-10-22
	100. HNI CORP		2015-01-23	2015-10-23
	195. SPIRIT AIRLS INC COM		2015-09-17	2015-10-23
	1.28 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-10-26
	75. HNI CORP		2015-01-23	2015-10-26
	50. HNI CORP		2015-09-17	2015-10-27
	75. HNI CORP		2015-09-17	2015-10-28
	127000. UNITED STATES TREASURY 2.125% 05/15/202		2015-09-22	2015-10-28
	10000. CUMMINS 3.65% 10/01/2023-2023		2015-07-16	2015-10-29
	65. GROUP 1 AUTOMOTIVE INC		2015-07-23	2015-10-29
	60. PENSKE AUTOMOTIVE GROUP INC		2015-09-17	2015-10-29
	25. PENSKE AUTOMOTIVE GROUP INC		2015-09-17	2015-10-29
	20. PENSKE AUTOMOTIVE GROUP INC		2015-09-17	2015-10-29
	5000. FEDEX CORP 3.2% 02/01/2025		2015-01-06	2015-10-30
	1000. UNITED STATES TREAS BILLS 0% 04/21/2016		2015-10-28	2015-10-30
	5000. XILINX INC 3% 03/15/2021		2014-03-05	2015-11-02
	10. AMTRUST FINL SVCS INC		2014-02-25	2015-11-03
	75. AMTRUST FINL SVCS INC		2015-09-17	2015-11-03
	190. NETSCOUT SYSTEMS INC		2015-04-15	2015-11-03
	25. NETSCOUT SYSTEMS INC		2015-04-07	2015-11-04
	150. NETSCOUT SYSTEMS INC		2015-09-17	2015-11-04
	75. TAIWAN SEMICONDUCTOR SPON ADR		2015-09-17	2015-11-05
	120. TAIWAN SEMICONDUCTOR SPON ADR		2014-09-30	2015-11-05
	5. TAIWAN SEMICONDUCTOR SPON ADR		2015-09-17	2015-11-05
	10000. BHP FINANCE USA LTD SR NT 3.85% 09/30/20		2015-05-20	2015-11-09
	923.28 AMERICREDIT AUTOMOBILE RECEIVABL ABS CL		2013-02-05	2015-11-10
	15000. CISCO SYS INC 3.625% 03/04/2024		2015-07-16	2015-11-10
	15. CVS CORPORATION (DEL)		2015-09-17	2015-11-11
	90. CVS CORPORATION (DEL)		2012-05-31	2015-11-11
	145. BANK OF THE OZARKS INC		2015-09-17	2015-11-12
	45. GROUP 1 AUTOMOTIVE INC		2015-09-17	2015-11-12
	130. LANNETT INC		2015-09-17	2015-11-12
	60. LANNETT INC		2015-09-17	2015-11-12
	190. MAXIMUS INC		2015-09-17	2015-11-12
	55. MAXIMUS INC		2015-08-10	2015-11-12
	100. PENSKE AUTOMOTIVE GROUP INC		2015-09-17	2015-11-12
	75. UNIVERSAL FOREST PRODUCTS INC		2015-09-17	2015-11-12
	55. LYONDELLBASELL INDUSTRIES NV		2015-04-15	2015-11-12
	110. GROUP 1 AUTOMOTIVE INC		2015-09-17	2015-11-13
	35. LEAR CORP		2015-09-17	2015-11-13
	80. PENSKE AUTOMOTIVE GROUP INC		2014-12-16	2015-11-13
	220. CDW CORP		2015-10-05	2015-11-16
	8.22 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-11-16
	20.66 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-11-16
	10000. GENERAL ELEC CAP CORP 5.3% 02/11/2021		2011-02-08	2015-11-16
	100. PACCAR INC		2015-07-01	2015-11-16
	15. PENSKE AUTOMOTIVE GROUP INC		2014-12-16	2015-11-16
	70. PENSKE AUTOMOTIVE GROUP INC		2013-03-28	2015-11-16
	110. PENSKE AUTOMOTIVE GROUP INC		2013-06-05	2015-11-16
	140. PACCAR INC		2015-09-17	2015-11-17
	185. TAIWAN SEMICONDUCTOR SPON ADR		2014-09-30	2015-11-17
	210. TAIWAN SEMICONDUCTOR SPON ADR		2014-07-31	2015-11-17
	5000. AXIS SPECIALTY FIN LLC 5.875% 06/01/2020		2013-04-05	2015-11-19
	15000. AXIS SPECIALTY FIN LLC 5.875% 06/01/2020		2013-04-09	2015-11-19
	50. LYONDELLBASELL INDUSTRIES NV		2015-04-15	2015-11-19
	30. PRICESMART INC		2014-08-27	2015-11-20
	10. PRICESMART INC		2014-08-27	2015-11-20
	15. UNIVERSAL HEALTH SVCS INC CL B		2014-10-21	2015-11-20
	50. UNIVERSAL HEALTH SVCS INC CL B		2015-09-17	2015-11-20
	5. PRICESMART INC		2014-08-27	2015-11-23
	15. PRICESMART INC		2015-02-13	2015-11-23
	20. ALPHABET INC CL A		2015-09-17	2015-11-24
	55. EURONET SVCS INC		2015-09-17	2015-11-24
	1.29 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-11-25
	.01 FNMA POOL #190740 11.000% 11/01/20		1997-05-15	2015-11-25
	75. MARRIOTT INTL INC NEW CL A		2015-04-07	2015-11-25
	50000. UNITED STATES TREAS BILLS 0% 04/21/2016		2015-10-28	2015-11-27
	74000. UNITED STATES TREASURY 1.875% 08/31/2017		2015-09-14	2015-11-27
	75. MARRIOTT INTL INC NEW CL A		2015-07-13	2015-11-30
	55. MARRIOTT INTL INC NEW CL A		2015-07-13	2015-11-30
	20000. UNITED STATES TREASURY 1.875% 08/31/2017		2015-09-14	2015-11-30
	110. RYDER SYSTEMS INC		2015-09-17	2015-12-02
	35000. UNITED STATES TREASURY 2% 08/15/2025		2015-10-30	2015-12-03
	98000. UNITED STATES TREASURY 2.125% 05/15/202		2015-09-22	2015-12-03
	5000. CUMMINS 3.65% 10/01/2023-2023		2015-07-16	2015-12-04
	5000. FEDEX CORP 3.2% 02/01/2025		2015-01-06	2015-12-04
	65. PRICESMART INC		2015-09-17	2015-12-07
	277.44 AMERICREDIT AUTOMOBILE RECEIVABL AUTO RECEIVABLES BKD NT CL D A		2011-09-08	2015-12-08
	72. ISHARES RUSSELL 3000 INDEX		2015-08-21	2015-12-08
	30. PRICESMART INC		2015-09-17	2015-12-08
	909.43 AMERICREDIT AUTOMOBILE RECEIVABL ABS CL		2013-02-05	2015-12-09
	75. COSTCO WHOLESALE CORP		2015-09-17	2015-12-09
	1461.4 OAKMARK GLOBAL FD CL I		2013-12-20	2015-12-11
	348.227 OAKMARK GLOBAL FD CL I		2014-12-19	2015-12-11
	313. ISHARES RUSSELL MIDCAP INDEX		2015-01-27	2015-12-11
	443. ISHARES RUSSELL 2000		2015-01-27	2015-12-11
	1591.698 OPPENHEIMER DEVELOPING MARKETS FUND-Y		2014-12-05	2015-12-11
	116.536 OPPENHEIMER DEVELOPING MARKETS FUND-Y		2015-12-02	2015-12-11
	14000. UNITED STATES TREASURY 2% 08/15/2025		2015-10-30	2015-12-11
	35. AMERICAN WOODMARK CORP		2015-11-13	2015-12-14
	130. MARRIOTT INTL INC NEW CL A		2015-09-17	2015-12-14
	8.29 GNMA POOL #264518 10.000% 1/15/19		1997-06-16	2015-12-15
	12.19 GNMA POOL #780919 9.500% DUE 10/15/2018		1998-12-02	2015-12-15
	880.96 SANTANDER DRIVE AUTO RECEIVABLES ABS 1.5		2013-11-14	2015-12-15
	50. AMERIPRISE FINL INC		2015-09-17	2015-12-16
	65. AMERIPRISE FINL INC		2014-06-02	2015-12-16
	210. ORACLE CORPORATION		2015-09-17	2015-12-17
	5. ALPHABET INC CL A		2015-09-17	2015-12-18
	20. APPLE COMPUTER INC		2015-09-17	2015-12-18
	5000. CARPENTER TECHNOLOGY CORP 4.45% 03/01/20		2013-02-25	2015-12-18
	15. COSTCO WHOLESALE CORP		2015-07-08	2015-12-18
	25. GILEAD SCIENCES INC		2015-09-17	2015-12-18
	319.32 HONDA AUTO RECEIVABLES 2014-2 OW ABS .77		2014-05-13	2015-12-18
	65. T ROWE PRICE GROUP INC		2014-07-01	2015-12-18
	50. T ROWE PRICE GROUP INC		2015-09-17	2015-12-18
	44000. UNITED STATES TREASURY 1.875% 08/31/2017		2015-09-14	2015-12-18
	100. AMTRUST FINL SVCS INC		2014-02-25	2015-12-23
	105. LANNETT INC		2015-09-04	2015-12-23
	125. SYNCHRONOSS TECHNOLOGIES INC		2015-03-16	2015-12-23
	129000. UNITED STATES TREASURY 2% 08/15/2025		2015-12-18	2015-12-23
	110. UNIVERSAL HEALTH SVCS INC CL B		2014-10-21	2015-12-23
	95. LYONDELLBASELL INDUSTRIES NV		2015-09-17	2015-12-23
	40. AMTRUST FINL SVCS INC		2014-02-25	2015-12-24
	120. LANNETT INC		2015-09-02	2015-12-24
	75. SYNCHRONOSS TECHNOLOGIES INC		2015-03-20	2015-12-24
	110. CITIGROUP INC		2015-08-07	2015-12-28
	1.3 FEDERAL NATL MTG AS 11.000% 8/01/20		1998-03-12	2015-12-28
	40. LANNETT INC		2015-09-02	2015-12-28
	10. AUTOZONE INC		2013-03-01	2015-12-30
	100. J P MORGAN CHASE & CO		2015-05-05	2015-12-30
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	7	9	-2
b	48,390	47,800	590
c	3,840	1,405	2,435
d	5,801	7,625	-1,824
e	10,252	10,058	194
	5,456	5,108	348
	5,403	4,390	1,013
	6,203	5,057	1,146
	7,584	8,972	-1,388
	5,312	3,471	1,841
	6,867	5,565	1,302
	1,380	2,011	-631
	8,051	7,383	668
	107	107
	5,151	5,088	63
	5,150	5,029	121
	7,738	8,133	-395
	5,006	5,000	6
	5,888	6,304	-416
	1,459	1,459
	1,738	1,766	-28
	8	11	-3
	15	21	-6
	5,634	6,528	-894
	128	128
	6,352	7,056	-704
	5,197	5,023	174
	646	646
	5,123	3,784	1,339
	50,214	48,818	1,396
	5,215	5,085	130
	6,643	4,510	2,133
	5,939	6,232	-293
	7,168	3,054	4,114
	8,995	6,340	2,655
	1	3	-2
	9	13	-4
	10,553	7,253	3,300
	3,984	2,760	1,224
	32,786	16,274	16,512
	8,528	7,152	1,376
	20,007	19,996	11
	3,481	3,649	-168
	4,973	5,810	-837
	7,369	7,030	339
	20,141	20,063	78
	4,928	3,548	1,380
	7	9	-2
	3,451	3,149	302
	5,752	6,025	-273
	8,265	7,422	843
	20,372	11,472	8,900
	3,460	3,722	-262
	8,372	7,091	1,281
	52,903	51,869	1,034
	10,048	10,020	28
	20,252	20,226	26
	15,087	14,954	133
	15,148	15,047	101
	3,176	3,387	-211
	9,881	10,032	-151
	14,695	6,852	7,843
	6,209	5,070	1,139
	6,181	4,995	1,186
	107	107
	7,874	6,810	1,064
	3,135	3,240	-105
	4,009	3,075	934
	16,407	16,630	-223
	9,329	9,344	-15
	2,570	1,481	1,089
	2,570	1,859	711
	20,200	19,997	203
	9,207	9,208	-1
	1,783	1,811	-28
	8	11	-3
	14	19	-5
	3,220	3,217	3
	4,020	4,019	1
	10,532	11,092	-560
	129	129
	34,072	23,396	10,676
	9,848	10,032	-184
	31,967	20,393	11,574
	328	328
	9,956	6,589	3,367
	6,740	6,243	497
	9,857	10,227	-370
	12,274	12,120	154
	1	3	-2
	9	13	-4
	8,681	6,935	1,746
	11,557	7,446	4,111
	4,190	3,077	1,113
	6,454	4,054	2,400
	1,251	839	412
	4,399	2,938	1,461
	2,477	2,091	386
	4,978	3,295	1,683
	5,200	5,024	176
	3,594	2,497	1,097
	3,983	3,626	357
	3,801	2,419	1,382
	798	798
	77,407	28,099	49,308
	17,312	16,733	579
	8	10	-2
	6,414	4,186	2,228
	15,547	1,242	14,305
	3,056	1,801	1,255
	14,995	19,960	-4,965
	8,880	4,608	4,272
	9,914	7,176	2,738
	10,037	8,112	1,925
	2,366	1,156	1,210
	2,296	1,554	742
	2,443	1,532	911
	2,694	1,867	827
	11,248	5,273	5,975
	1,754	1,674	80
	6,056	5,151	905
	4,089	3,628	461
	8,600	9,032	-432
	8,753	6,722	2,031
	4,619	1,277	3,342
	5,754	3,726	2,028
	14,686	14,671	15
	7,986	6,766	1,220
	3,193	3,535	-342
	2,374	2,624	-250
	5,066	5,021	45
	3,380	3,621	-241
	2,935	3,402	-467
	839	1,007	-168
	8	11	-3
	18	26	-8
	2,485	2,190	295
	1,449	1,407	42
	3,400	3,157	243
	15,000	14,997	3
	15,113	15,984	-871
	11,872	11,118	754
	4,718	3,502	1,216
	5,093	2,468	2,625
	3,823	3,082	741
	5,830	3,542	2,288
	2,660	1,491	1,169
	6,876	4,352	2,524
	5,681	3,673	2,008
	5,818	2,961	2,857
	1	3	-2
	9	13	-4
	6,588	5,071	1,517
	6,226	1,660	4,566
	7,333	5,427	1,906
	110,406	111,104	-698
	4,706	3,220	1,486
	4,158	2,547	1,611
	2,695	2,481	214
	5,390	4,468	922
	3,017	3,009	8
	33	42	-9
	6,441	4,815	1,626
	3,472	2,666	806
	3,472	1,889	1,583
	5,006	4,543	463
	9,750	6,217	3,533
	11,626	7,730	3,896
	8,895	7,072	1,823
	6,933	4,510	2,423
	5,408	3,788	1,620
	2,680	1,932	748
	4,374	2,160	2,214
	1,458	1,118	340
	25,484	24,958	526
	10,143	9,993	150
	10,144	9,993	151
	5,780	3,468	2,312
	715	575	140
	5,719	5,173	546
	8	11	-3
	17	23	-6
	12,000	9,762	2,238
	6,934	3,455	3,479
	2,522	1,748	774
	19,395	19,801	-406
	2,186	2,760	-574
	4,232	5,250	-1,018
	84,937	84,663	274
	12,063	12,067	-4
	5,019	4,553	466
	6,963	7,022	-59
	2,857	2,829	28
	1	3	-2
	10	13	-3
	10,257	10,341	-84
	3,559	3,901	-342
	3,578	4,115	-537
	7,104	7,555	-451
	8,616	6,119	2,497
	71	44	27
	93	73	20
	6	7	-1
	8,681	9,224	-543
	5,752	5,443	309
	6,250	6,425	-175
	15,737	16,468	-731
	5,902	3,141	2,761
	6,275	5,722	553
	8,191	7,316	875
	7,663	9,125	-1,462
	3,540	3,270	270
	6,499	4,781	1,718
	73,065	51,836	21,229
	7,044	6,383	661
	1,357	1,305	52
	3,391	3,263	128
	1,933	1,987	-54
	1,930	1,987	-57
	2,894	2,486	408
	1,378	1,305	73
	10,123	10,306	-183
	8,560	8,677	-117
	3,822	3,415	407
	5,959	4,396	1,563
	8	11	-3
	18	26	-8
	11,116	9,783	1,333
	3,493	2,885	608
	4,000	4,123	-123
	13,992	14,385	-393
	14,794	15,048	-254
	5,997	6,072	-75
	8,892	9,029	-137
	5,074	5,153	-79
	1	3	-2
	10	14	-4
	5,102	5,117	-15
	4,083	4,094	-11
	8,163	8,187	-24
	5,023	5,023
	5,116	5,117	-1
	20,832	20,878	-46
	8,044	8,025	19
	5,183	3,198	1,985
	3,481	2,804	677
	6	8	-2
	9,166	9,233	-67
	202,094	204,481	-2,387
	3,369	2,312	1,057
	4,957	3,591	1,366
	15,065	15,047	18
	6,070	5,014	1,056
	2,852	2,356	496
	4,960	4,567	393
	55,600	57,024	-1,424
	6,034	4,210	1,824
	6,230	4,652	1,578
	3,928	3,089	839
	3,928	3,321	607
	12,557	11,435	1,122
	8	11	-3
	14	19	-5
	7,020	8,922	-1,902
	9,050	8,994	56
	3,936	3,951	-15
	22,479	18,112	4,367
	3,937	3,080	857
	7,710	8,183	-473
	2,470	2,645	-175
	1	3	-2
	25	35	-10
	8,417	8,799	-382
	5,586	6,602	-1,016
	3,746	4,902	-1,156
	9,955	12,056	-2,101
	4,982	5,836	-854
	1,832	3,038	-1,206
	7,007	4,830	2,177
	7,784	4,362	3,422
	74	76	-2
	6,869	4,633	2,236
	360	244	116
	10,080	11,874	-1,794
	2,012	2,205	-193
	6,008	5,623	385
	1,835	1,219	616
	5,761	6,721	-960
	8,802	7,920	882
	4,315	4,280	35
	5,209	3,832	1,377
	2,427	2,267	160
	8	11	-3
	13	18	-5
	15,071	15,047	24
	31,137	31,203	-66
	4,034	4,734	-700
	6,336	7,356	-1,020
	4,227	2,176	2,051
	6,876	3,627	3,249
	4,180	2,992	1,188
	1,823	1,309	514
	2,080	1,496	584
	4,762	4,476	286
	22,716	22,598	118
	4,793	4,370	423
	1	3	-2
	6	8	-2
	4,982	4,972	10
	5,466	5,771	-305
	9,083	9,059	24
	4,200	2,200	2,000
	3,719	1,833	1,886
	27,978	27,799	179
	3,551	2,105	1,446
	1,184	1,125	59
	6,425	6,587	-162
	9,109	8,994	115
	4,068	4,026	42
	4,577	2,765	1,812
	3,106	1,456	1,650
	1,577	728	849
	7,929	8,656	-727
	6,040	2,909	3,131
	7,109	7,046	63
	12,898	12,906	-8
	1,040	1,074	-34
	8,090	6,226	1,864
	3,737	3,403	334
	8	12	-4
	12	17	-5
	6,516	6,479	37
	8,665	8,534	131
	2,807	2,884	-77
	3,670	1,817	1,853
	39,967	39,203	764
	5,401	3,288	2,113
	2,110	1,725	385
	4,223	2,180	2,043
	6,392	6,098	294
	2,535	2,016	519
	3,041	2,734	307
	6,286	4,990	1,296
	5,698	6,230	-532
	2,204	2,781	-577
	7,547	6,677	870
	2,681	2,884	-203
	2,185	2,314	-129
	2,723	2,129	594
	1	3	-2
	14	19	-5
	906	1,032	-126
	1,806	2,063	-257
	1,889	2,567	-678
	1,258	1,686	-428
	3,244	3,456	-212
	3,732	3,339	393
	1,556	1,415	141
	1,543	1,415	128
	1,342	1,547	-205
	3,468	1,920	1,548
	4,105	4,847	-742
	6,220	9,074	-2,854
	1,976	2,442	-466
	1,966	2,442	-476
	4,138	4,262	-124
	4,842	3,122	1,720
	6,510	3,381	3,129
	3,175	2,734	441
	707	900	-193
	1,766	2,249	-483
	944	975	-31
	1,675	1,809	-134
	419	453	-34
	2,658	2,682	-24
	24,720	25,182	-462
	79,917	49,501	30,416
	17,218	16,956	262
	97,527	73,173	24,354
	49,316	65,536	-16,220
	80,077	40,529	39,548
	32,656	28,160	4,496
	35,370	34,701	669
	93,746	71,294	22,452
	31,302	16,232	15,070
	29,831	16,146	13,685
	53,491	50,112	3,379
	9,550	9,480	70
	69,990	67,119	2,871
	12,207	12,455	-248
	36,847	40,475	-3,628
	35,618	51,864	-16,246
	15,020	27,085	-12,065
	9,015	8,675	340
	52,803	28,297	24,506
	78,228	90,259	-12,031
	16,457	21,264	-4,807
	32,532	31,260	1,272
	39,381	42,539	-3,158
	37,083	29,583	7,500
	8,816	8,917	-101
	30,608	22,574	8,034
	49,302	32,776	16,526
	47,804	26,508	21,296
	27,080	22,983	4,097
	48,211	54,134	-5,923
	3,734	4,406	-672
	2,018	1,934	84
	128,460	128,219	241
	290,039	289,680	359
	5,044	5,238	-194
	17,312	12,589	4,723
	8	12	-4
	19	26	-7
	4,181	3,990	191
	3,705	4,304	-599
	11,424	12,510	-1,086
	35,794	35,768	26
	3,575	3,748	-173
	1	3	-2
	5,388	5,842	-454
	8,492	9,345	-853
	8,229	9,137	-908
	40,530	50,418	-9,888
	6,185	6,282	-97
	5,404	7,550	-2,146
	9,083	9,694	-611
	5,601	6,752	-1,151
	3,574	4,776	-1,202
	7,627	9,352	-1,725
	22,513	22,483	30
	4,875	5,335	-460
	8,273	9,091	-818
	9,433	9,539	-106
	11,876	13,768	-1,892
	1,366	1,353	13
	4,099	4,022	77
	3,526	3,534	-8
	3,817	3,526	291
	927	957	-30
	3,254	3,456	-202
	1,518	1,707	-189
	3,060	3,415	-355
	7,344	5,065	2,279
	1,553	1,935	-382
	1,538	1,922	-384
	1,555	1,848	-293
	16,374	17,294	-920
	8	12	-4
	13	18	-5
	5,089	4,964	125
	8,596	10,757	-2,161
	10,043	12,942	-2,899
	5,995	10,894	-4,899
	8,429	10,421	-1,992
	7,542	9,117	-1,575
	3,520	4,067	-547
	4,442	5,020	-578
	7,722	12,121	-4,399
	1	3	-2
	3,263	3,685	-422
	2,124	2,305	-181
	3,251	3,458	-207
	127,273	127,032	241
	10,393	10,384	9
	5,654	6,136	-482
	2,884	3,129	-245
	1,210	1,304	-94
	960	1,043	-83
	4,897	4,992	-95
	999	999
	5,033	4,964	69
	660	362	298
	4,953	4,569	384
	6,748	8,354	-1,606
	875	1,097	-222
	5,287	5,843	-556
	1,724	1,547	177
	2,755	2,423	332
	115	103	12
	10,129	10,447	-318
	923	954	-31
	15,622	15,499	123
	1,440	1,515	-75
	8,638	4,085	4,553
	7,781	6,452	1,329
	3,652	4,004	-352
	4,416	7,355	-2,939
	2,021	3,390	-1,369
	9,856	12,504	-2,648
	2,920	3,305	-385
	4,583	5,039	-456
	5,468	4,685	783
	4,946	5,230	-284
	8,577	9,569	-992
	4,261	3,842	419
	3,511	3,828	-317
	9,302	9,229	73
	8	12	-4
	21	29	-8
	11,413	10,010	1,403
	4,993	6,394	-1,401
	665	714	-49
	3,102	2,333	769
	4,878	3,579	1,299
	7,020	8,235	-1,215
	4,173	3,725	448
	4,732	4,208	524
	5,583	5,801	-218
	16,742	17,370	-628
	4,722	4,570	152
	2,928	2,713	215
	976	904	72
	1,821	1,597	224
	6,071	6,884	-813
	479	452	27
	1,437	1,276	161
	15,235	13,336	1,899
	4,207	3,921	286
	1	3	-2

	5,361	5,956	-595
	49,959	49,958	1
	75,283	75,625	-342
	5,277	5,785	-508
	3,877	4,214	-337
	20,340	20,439	-99
	7,084	9,436	-2,352
	33,980	34,734	-754
	96,297	96,746	-449
	5,159	5,192	-33
	4,875	4,992	-117
	5,771	5,482	289
	277	277
	8,792	8,575	217
	2,656	2,480	176
	909	940	-31
	11,945	10,750	1,195
	40,378	42,673	-2,295
	9,622	10,161	-539
	50,016	52,350	-2,334
	50,014	52,480	-2,466
	46,589	49,682	-3,093
	3,411	3,601	-190
	13,807	13,814	-7
	2,841	2,479	362
	8,605	9,550	-945
	8	12	-4
	12	17	-5
	881	881
	5,301	5,514	-213
	6,891	7,399	-508
	7,784	8,747	-963
	3,803	3,334	469
	2,139	2,304	-165
	4,803	5,121	-318
	2,389	2,104	285
	2,541	2,755	-214
	319	319
	4,552	5,540	-988
	3,502	3,585	-83
	44,677	44,966	-289
	6,121	3,625	2,496
	4,289	5,729	-1,440
	4,472	5,996	-1,524
	125,820	126,723	-903
	13,265	11,396	1,869
	8,380	8,289	91
	2,473	1,450	1,023
	4,883	5,878	-995
	2,714	3,586	-872
	5,716	6,394	-678
	1	3	-2
	1,627	1,928	-301
	7,453	3,779	3,674
	6,700	6,529	171
			19,132

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			-2
b			590
c			2,435
d			-1,824
e			194
			348
			1,013
			1,146
			-1,388
			1,841
			1,302
			-631
			668

			63
			121
			-395
			6
			-416

			-28
			-3
			-6
			-894

			-704
			174

			1,339
			1,396
			130
			2,133
			-293
			4,114
			2,655
			-2
			-4
			3,300
			1,224
			16,512
			1,376
			11
			-168
			-837
			339
			78
			1,380
			-2
			302
			-273
			843
			8,900
			-262
			1,281
			1,034
			28
			26
			133
			101
			-211
			-151
			7,843
			1,139
			1,186

			1,064
			-105
			934
			-223
			-15
			1,089
			711
			203
			-1
			-28
			-3
			-5
			3
			1
			-560

			10,676
			-184
			11,574

			3,367
			497
			-370
			154
			-2
			-4
			1,746
			4,111
			1,113
			2,400
			412
			1,461
			386
			1,683
			176
			1,097
			357
			1,382

			49,308
			579
			-2
			2,228
			14,305
			1,255
			-4,965
			4,272
			2,738
			1,925
			1,210
			742
			911
			827
			5,975
			80
			905
			461
			-432
			2,031
			3,342
			2,028
			15
			1,220
			-342
			-250
			45
			-241
			-467
			-168
			-3
			-8
			295
			42
			243
			3
			-871
			754
			1,216
			2,625
			741
			2,288
			1,169
			2,524
			2,008
			2,857
			-2
			-4
			1,517
			4,566
			1,906
			-698
			1,486
			1,611
			214
			922
			8
			-9
			1,626
			806
			1,583
			463
			3,533
			3,896
			1,823
			2,423
			1,620
			748
			2,214
			340
			526
			150
			151
			2,312
			140
			546
			-3
			-6
			2,238
			3,479
			774
			-406
			-574
			-1,018
			274
			-4
			466
			-59
			28
			-2
			-3
			-84
			-342
			-537
			-451
			2,497
			27
			20
			-1
			-543
			309
			-175
			-731
			2,761
			553
			875
			-1,462
			270
			1,718
			21,229
			661
			52
			128
			-54
			-57
			408
			73
			-183
			-117
			407
			1,563
			-3
			-8
			1,333
			608
			-123
			-393
			-254
			-75
			-137
			-79
			-2
			-4
			-15
			-11
			-24

			-1
			-46
			19
			1,985
			677
			-2
			-67
			-2,387
			1,057
			1,366
			18
			1,056
			496
			393
			-1,424
			1,824
			1,578
			839
			607
			1,122
			-3
			-5
			-1,902
			56
			-15
			4,367
			857
			-473
			-175
			-2
			-10
			-382
			-1,016
			-1,156
			-2,101
			-854
			-1,206
			2,177
			3,422
			-2
			2,236
			116
			-1,794
			-193
			385
			616
			-960
			882
			35
			1,377
			160
			-3
			-5
			24
			-66
			-700
			-1,020
			2,051
			3,249
			1,188
			514
			584
			286
			118
			423
			-2
			-2
			10
			-305
			24
			2,000
			1,886
			179
			1,446
			59
			-162
			115
			42
			1,812
			1,650
			849
			-727
			3,131
			63
			-8
			-34
			1,864
			334
			-4
			-5
			37
			131
			-77
			1,853
			764
			2,113
			385
			2,043
			294
			519
			307
			1,296
			-532
			-577
			870
			-203
			-129
			594
			-2
			-5
			-126
			-257
			-678
			-428
			-212
			393
			141
			128
			-205
			1,548
			-742
			-2,854
			-466
			-476
			-124
			1,720
			3,129
			441
			-193
			-483
			-31
			-134
			-34
			-24
			-462
			30,416
			262
			24,354
			-16,220
			39,548
			4,496
			669
			22,452
			15,070
			13,685
			3,379
			70
			2,871
			-248
			-3,628
			-16,246
			-12,065
			340
			24,506
			-12,031
			-4,807
			1,272
			-3,158
			7,500
			-101
			8,034
			16,526
			21,296
			4,097
			-5,923
			-672
			84
			241
			359
			-194
			4,723
			-4
			-7
			191
			-599
			-1,086
			26
			-173
			-2
			-454
			-853
			-908
			-9,888
			-97
			-2,146
			-611
			-1,151
			-1,202
			-1,725
			30
			-460
			-818
			-106
			-1,892
			13
			77
			-8
			291
			-30
			-202
			-189
			-355
			2,279
			-382
			-384
			-293
			-920
			-4
			-5
			125
			-2,161
			-2,899
			-4,899
			-1,992
			-1,575
			-547
			-578
			-4,399
			-2
			-422
			-181
			-207
			241
			9
			-482
			-245
			-94
			-83
			-95

			69
			298
			384
			-1,606
			-222
			-556
			177
			332
			12
			-318
			-31
			123
			-75
			4,553
			1,329
			-352
			-2,939
			-1,369
			-2,648
			-385
			-456
			783
			-284
			-992
			419
			-317
			73
			-4
			-8
			1,403
			-1,401
			-49
			769
			1,299
			-1,215
			448
			524
			-218
			-628
			152
			215
			72
			224
			-813
			27
			161
			1,899
			286
			-2

			-595
			1
			-342
			-508
			-337
			-99
			-2,352
			-754
			-449
			-33
			-117
			289

			217
			176
			-31
			1,195
			-2,295
			-539
			-2,334
			-2,466
			-3,093
			-190
			-7
			362
			-945
			-4
			-5

			-213
			-508
			-963
			469
			-165
			-318
			285
			-214

			-988
			-83
			-289
			2,496
			-1,440
			-1,524
			-903
			1,869
			91
			1,023
			-995
			-872
			-678
			-2
			-301
			3,674
			171

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	454,676
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	289,112	10,711,583	0.026991
2013	0	0	0.0
2012	0	0	0.0
2011	0	0	0.0
2010	0	0	0.0

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

20.026991

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.005398

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

10,739,824

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

57,974

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

5,184

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

63,158

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

542,595

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	5,184
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	5,184
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	5,184
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	18,871
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	18,871
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	41
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	13,646
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax5,184	Refunded	11	8,462

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

Yes

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

The books are in care of bullet

COMERICA BANK Telephone no. bullet

(313) 222-5067

Located at bullet

411 W LAFAYETTEDETROITMI ZIP+4 bullet

48226

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

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

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

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

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ANDREW STRONG	CHAIRMAN 1	0
730 PENNIMAN AVENUE PLYMOUTH,MI48170	CHAIRMAN 1	0
CHARLES NICHOLL	VICE CHARMAN 1	0
12880 E NINE MILE ROAD WARREN,MI48089	VICE CHARMAN 1	0
DAVID THOMS	SECRETARY 1	0
2000 TOWN CENTER SUITE 2700 SOUTHFIELD,MI48075	SECRETARY 1	0
RICHARD STOWGER	TREASURER 1	0
8 WOODLAND PLACE GROSSE POINT,MI48230	TREASURER 1	0
DR STANLEY CAINE	TRUSTEE 1	0
925 RIVERSIDE AVE ADRIAN,MI49221	TRUSTEE 1	0
DEREK BROWN	TRUSTEE 1	0
422 W CONGRESS DETROIT,MI48226	TRUSTEE 1	0
P DOUGLAS MCDONALD	TRUSTEE 1	0
1302 CRYSTAL LANE WATERFORD,MI48327	TRUSTEE 1	0
JOHN NORRIS	TRUSTEE 1	0
2600 W BIG BEAVER ROAD TROY,MI48084	TRUSTEE 1	0
WILLIAM H LIEBOLD II	TRUSTEE 1	0
3831 CHESSINGTON LANE FARMINGTON HILLS,MI48331	TRUSTEE 1	0
ROBERT FORSYTHE	TRUSTEE 1	0
5201 CASS AVENUE 226 PRENTIS BLDG DETROIT,MI48202	TRUSTEE 1	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

10,584,530

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

318,845

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

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

10,903,375

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

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

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

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

10,903,375

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

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

163,551

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

10,739,824

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

536,991

Part XI

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

and do not complete this part.)

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

536,991

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

5,184

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

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

5,184

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

531,807

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

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

531,807

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

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

531,807

Part XII

Qualifying Distributions (see instructions)

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

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

542,595

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

542,595

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

5,184

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

537,411

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					531,807
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				227,686
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 542,595
a Applied to 2014, but not more than line 2a				227,686
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....					314,909
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
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 ..........					216,898
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ADRIAN COLLEGE C/O MICHAEL AYRE 110 SOUTH MADISON AVE ADRIAN,MI492212575	NONE	EXEMPT	SUPPORT	107,068
CENTRAL UNITED METHODIST CHURCH 23 EAST ADAMS DETROIT,MI48226	NONE	EXEMPT	SUPPORT	107,068
SALVATION ARMY C/O MAJOR NORMAN MARSHALL 16130 NORTHLAND DRIVE SOUTHFIELD,MI48075	NONE	EXEMPT	SUPPORT	107,068
BOYS & GIRLS CLUB OF SE MICHIGAN C/O LEN KRICHKO 26777 HALSTED ROAD - SUITE 100 FARMINGTON HILLS,MI483313560	NONE	EXEMPT	SUPPORT	107,068
WAYNE STATE UNIVERSITY 5475 WOODWARD DETROIT,MI48202	NONE	EXEMPT	SUPPORT	107,068
Total ................................. 3a				535,340

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	142,769
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	454,676
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aOTHER REVENUE			14	-17,450
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				579,995

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

13579,995

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
SKYBRIDGE MULTI ADV	AT COST	1,290,015	1,200,245
ECKHARDT FUTURES LP	AT COST	423,701	423,701