Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 07-01-2015 , and ending 06-30-2016
Name of foundation
The Friars Charitable Foundation
 
% MARILYN N STAMBLER
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 1523
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Beverly Hills, CA902131523
A Employer identification number

95-6047586
B Telephone number (see instructions)

(323) 951-1006
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$6,483,766J 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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 298 298  
4 Dividends and interest from securities... 235,408 223,637 11,770
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -7,640
b Gross sales price for all assets on line 6a 4,122,463
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 30,453
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........ 228,066 223,935 42,223
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 24,000 9,600 8,400 6,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,125 4,050 3,544 2,531
c Other professional fees (attach schedule).... Click to see attachment 45,503 45,062 257 184
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,921 768 672 481
19 Depreciation (attach schedule) and depletion... Click to see attachment 292   292
20 Occupancy.............. 26,570 10,628 9,300 6,642
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 29,373 1,839 1,609 25,925
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 137,784 71,947 24,074 41,763
25 Contributions, gifts, grants paid....... 275,930 275,930
26 Total expenses and disbursements. Add lines 24 and 25 413,714 71,947 24,074 317,693
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -185,648
b Net investment income (if negative, enter -0-) 151,988
c Adjusted net income (if negative, enter -0-)... 18,149
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............. 225 225 225
2 Savings and temporary cash investments......... 161,282 1,366,420 1,366,420
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.......... 39,289 42,602 42,602
10a Investments—U.S. and state government obligations (attach schedule) 608,469 Click to see attachment42,262 42,262
b Investments—corporate stock (attach schedule)....... 2,836,955 Click to see attachment2,498,312 2,498,312
c Investments—corporate bonds (attach schedule)....... 2,799,684 Click to see attachment2,308,766 2,308,766
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 471,029 Click to see attachment223,368 223,368
14 Land, buildings, and equipment: basis bullet5,534
Less: accumulated depreciation (attach schedule) bullet5,475 351 Click to see attachment59 59
15 Other assets (describe bullet) Click to see attachment1,752 Click to see attachment1,752 Click to see attachment1,752
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,919,036 6,483,766 6,483,766
Liabilities 17 Accounts payable and accrued expenses.......... 589 1,668
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)......... 589 1,668
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 6,918,447 6,482,098
25 Temporarily restricted............... 0 0
26 Permanently restricted............... 0 0
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 6,918,447 6,482,098
31 Total liabilities and net assets/fund balances (see instructions). 6,919,036 6,483,766
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
6,918,447
2
Enter amount from Part I, line 27a .....................
2
-185,648
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
-247,661
4
Add lines 1, 2, and 3 ..........................
4
6,485,138
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,040
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
6,482,098
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 CHARLES SCHWAB / COVE - SEE ATTACHED P    
b CHARLES SCHWAB / COVE - SEE ATTACHED P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,111,635   1,081,182 30,453
b 3,010,828   3,048,921 -38,093
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       30,453
b       -38,093
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -7,640
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 30,453
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      
2013      
2012      
2011      
2010      
2
Total of line 1, column (d) .....................
2  
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
 
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
 
5
Multiply line 4 by line 3......................
5
 
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
 
7
Add lines 5 and 6........................
7
 
8
Enter qualifying distributions from Part XII, line 4.............
8
 
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,040
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,040
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,040
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 9,200
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 9,200
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 6,160
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,000 RefundedBullet 11 2,160
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? Click to see attachment....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment....
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.Click to see attachment
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.friarscharitablefoundation.org
    14
    The books are in care ofbulletMARILYN N STAMBLER Telephone no.bullet (323) 951-1006

    Located atbulletPO BOX 1523Beverly HillsCA ZIP+4bullet90213
    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
     
     
    ........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
     
    No
    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
     
    No
    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
    SIDNEY J GITTLER CHAIRMAN OF BOARD
    1.0     		0    
    PO Box 1523
    Beverly Hills,CA902131523
    Marilyn N Stambler PRESIDENT, COO
    10.0     		24,000    
    PO Box 1523
    Beverly Hills,CA902131523
    LINDA SCHWARTZ Trustee
    1.0     		0    
    PO Box 1523
    Beverly Hills,CA902131523
    ROY WALLENSTEIN TREASURER
    1.0     		0    
    PO Box 1523
    Beverly Hills,CA902131523
    LENORE ROSS TRUSTEE
    1.0     		0    
    PO Box 1523
    Beverly Hills,CA902131523
    Margaret G GRAF Vice President
    2.0     		0    
    PO Box 1523
    Beverly Hills,CA902131523
    LISSA ROTH HARRISION TRUSTEE
    1.0     		0    
    PO Box 1523
    Beverly Hills,CA902131523
    JOANNE FREED TRUSTEE
    1.0     		0    
    PO Box 1523
    Beverly Hills,CA902131523
    LOU ZIGMAN SECRETARY
    1.0     		0    
    PO Box 1523
    Beverly Hills,CA902131523
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    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 ANNUAL HOLIDAY PROGRAM FOR OVER 300 AT-RISK AND UNDER PRIVILAGED CHILDREN IN THE GREATER LOW ANGELES AREA. VARIOUS COMMUNITY GROUPS ATTENDING AT LISTED IN STATEMENT ATTACHED. 24,774
    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 NONE  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,332,004
    b
    Average of monthly cash balances.......................
    1b
    60,000
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,392,004
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,392,004
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    95,880
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,296,124
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    314,806
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    314,806
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,040
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,040
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    311,766
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    311,766
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    311,766
    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
    317,693
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    317,693
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    317,693
    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 7 311,766
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 2012, 2011 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013...... 59,799
    e From 2014...... 40,577
    fTotal of lines 3a through e........ 100,376
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 317,693
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 311,766
    e Remaining amount distributed out of corpus 5,927
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 106,303
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		106,303
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013.... 59,799
    d Excess from 2014.... 40,577
    e Excess from 2015.... 5,927
    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
    CENTER THEATRE GROUP
    135 N Grand AveNUE
    LOS ANGELES,CA90012     		NONE PC SUPPORT FOR THE ARTS AND EDUCATIONAL PROGRAM SERVICES 25,000
    PROFESSIONAL DANCERS SOCIETY
    123 FIRST STREET
    LOS ANGELES,CA90025     		NONE PC SUPPORT FOR THE ARTS AND PROGRAM SERVICES 5,000
    PROJECT ECHO
    1437 6th Street
    SANTA MONICA,CA90401     		NONE PC SUPPORT FOR AFTER SCHOOL AND EDUCATIONAL PROGRAMS 5,000
    ST FRANCIS CENTER
    3630 E Imperial Hwy
    LYNWOOD,CA90262     		NONE PC SUPPORT FOR SOCIAL SERVICES AND FOOD DISTRIBUTION 10,000
    Westside Center for Independent Living (WCIL)
    2901 Venice Blvd
    LOS ANGELES,CA90066     		NONE PC SUPPORT FOR EDUCATIONAL AND SOCIAL SERVICE PROGRAMS FOR THE DISABLED 5,580
    INNER-CITY FILMAKERS
    3000 WEST OLYMPIC BLVD
    SANTA MONICA,CA90404     		NONE PC SUPPORT FOR ARTS AND EDUCATIONAL SERVICES 35,000
    PATH (PEOPLE ASSISTING THE HOMELESS)
    340 NORTH MADISON AVENUE
    LOS ANGELES,CA90004     		NONE PC SUPPORT FOR HOMELESS SERVICES AND EDUCATION 20,000
    THE BOOK FOUNDATION
    9663 Santa Monica Blvd 927
    LOS ANGELES,CA90210     		NONE PC SUPPORT FOR READING PROGRAMS AND UNDERWRITE BOOKS FOR DISTRIBUTION TO CHILDREN 10,000
    UCLA FOUNDATIONS
    10920 WILSHIRE BLVD
    LOS AQNGELES,CA90024     		NONE PC SUPPORT FOR MENTAL HEALTH EDUCATION 5,000
    JEWISH FAMILY SERVICES (SOVA)
    4311 Wilshire Blvd
    LOS ANGELES,CA90010     		NONE PC SUPPORT FOR SOCIAL SERVICES AND FOOD DISTRIBUTIONS 10,000
    JEWISH BIG BROTHERS BIG SISTERS
    6505 Wilshire Boulevard
    LOS ANGLES,CA90048     		NONE PC SUPPORT FOR EDUCATIONAL PROGRAMS AND MENTORS 10,000
    LOS ANGELES JEWISH HOMES
    7150 Tampa Avenue
    RESEDA,CA91335     		NONE PC SUPPORT FOR SOCIAL SERVICES 5,000
    Aids Project LA
    P O Box 933005
    LOS ANGELES,CA90093     		NONE PC SUPPORT FOR EDUCATION AND RESEARCH 1,000
    Aviva Family and Childrens Service
    7120 Franklin Avenue
    LOS ANGELES,CA90046     		NONE PC SUPPORT FOR HUMAN SERVICE FOR FOSTER CHILDREN 10,000
    Beverly Hills Police Association
    663 Santa Monica Blvd 786
    BEVERLY HILLS,CA90210     		NONE PC SUPPORT FOR SOCIAL SERVICES FOR SCHOOLS 5,500
    CASA OF LOS ANGELES
    201 Centre Plaza Dr Room 1100
    MONTEREY PARK,CA91754     		NONE PC SUPPORT FOR SOCIAL SERVICES FOR FOSTER CHILDREN 5,000
    Catholic Big Brothers Big Sisters
    1530 James M Wood Blvd
    LOS ANGELES,CA90015     		NONE PC SUPPORT FOR EDUCATIONAL PROGRAMS AND MENTORS 5,000
    Friendly House LA
    347 S NORMANDIE AVENUE
    LOS ANGELES,CA90020     		NONE PC SUPPORT FOR EDUCATION AND ADDICTION SERVICES 5,000
    Friends of Sheba Medical Center
    2566 Overland Avenue Suite 670
    LOS ANGELES,CA90064     		none PC SUPPORT FOR EDUCATION AND RESEARCH 500
    FRIENDS OF LARC
    10560 WILSHIRE BLVD
    LOS ANGELES,CA90024     		NONE PC SUPPORT FOR PROGRAM SERVICES FOR DEVELOPMENTALLY DISABLED 3,000
    HARMONY PROJECT
    817 Vine Street Suite 212
    LOS ANGELES,CA90038     		NONE PC SUPPORT FOR MUSIC EDUCATION PROGRAMS 15,000
    THE JEFFREY FOUNDATION
    5470 W Washington Blvd
    LOS ANGELES,CA90016     		NONE PC SUPPORT FOR EDUCATIONAL PROGRAM SERVICES FOR CHILDREN WITH DISABILITIES 10,000
    Lupus LA
    8383 Wilshire Blvd Suite 232
    BEVERLY HILLS,CA90211     		NONE PC SUPPORT FOR EDUCATION AND SOCIAL SERVICES 5,000
    OPICA - OPTIMISTIC PEOPLE IN A CARING ATMOSPHERE
    11759 Missouri Avenue
    LOS ANGLES,CA90025     		NONE PC SUPPORT FOR EDUCATION AND SOCIAL SERVICES 5,000
    PLATO SOCIETY OF LOS ANGELES
    1083 GAYLEY AVENUE
    LOS ANGELES,CA90024     		NONE PC SUPPORT FOR ADULT EDUCATION PROGRAMS 3,500
    The Road Theatre Company
    5108 Lankershim Blvd
    NORTH HOLLYWOOD,CA91601     		NONE PC SUPPORT FOR THE ARTS AND PROGRAM SERVICES 3,500
    Torrance Memorial Foundation
    3330 Lomita Boulevard
    TORRANCE,CA90505     		NONE PC SUPPORT FOR HEALTH SERVICES 5,000
    Tower Cancer Research Foundation
    9090 Wilshire Blvd 350
    BEVERLY HILLS,CA90211     		NONE PC SUPPORT FOR HEALTH SERVICES 5,000
    Variety Boys & Girls Club
    2530 Cincinnati Street
    LOS ANGELES,CA90033     		NONE PC SUPPORT FOR AFTER SCHOOL EDUCATION PROGRAMS 2,500
    Young Musicians Foundation
    244 South San Pedro Street
    SUITE 506
    LOS ANGELES,CA90012     		NONE PC SUPPORT FOR MUSIC EDUCATION PROGRAM 10,000
    Beverly Hills Firefighters Association
    427 N Canon Drive 108
    BEVERLY HILLS,CA90210     		NONE PC SUPPORT FOR SOCIAL SERVICES FOR SCHOOLS 4,500
    DEAF WEST THEATRE CO
    5114 LANKERSHIM BLVD
    LOS ANGELES,CA91601     		NONE PC SUPPORT FOR BOOKS AND EDUCATION 5,000
    SOUTH CENTRAL LOS ANGELES MINISTRY PROJECT (LAMP)
    892 E 48TH STREET
    LOS ANGELES,CA90011     		NONE PC SUPPORT FOR EDUCATIONAL PROGRAMS 15,000
    LA's BEST
    Los Angeles City Hall 200 N Spring
    Los Angeles,CA90012     		NONE PC SUPPORT FOR AFTER SCHOOL AND EDUCATIONAL PROGRAMS 1,350
    SPECIAL ANGEL INC
    250 S LASKY DRIVE
    BEVERLY HILLS,CA90212     		NONE PC SUPPORT FOR SOCIAL SERVICES 5,000
    Total .................................bullet 3a 275,930
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 298  
    4 Dividends and interest from securities....     14 235,408  
    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 -7,640  
    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)..   228,066  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13228,066
    (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

    TY 2015 AccountingFeesSchedule
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BELINKOFF AND SIMON 10,125 4,050 3,544 2,531

    TY 2015 AllOthProgRltdInvestmentsSch
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Category Amount
    NONE  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 DepreciationSchedule
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE FURNITURE 2006-08-08 4,073 4,073 SL 7        
    COMPUTER EQUIPMENT 2011-03-16 1,461 1,110 SL 5 292      

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB - COVE STREET 2,308,766 2,308,766

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB - COVE STREET 2,498,312 2,498,312
    CHARLES SCHWAB - MUTUAL FUNDS 0 0

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    US Government Securities - End of Year Book Value:

    42,262
    US Government Securities - End of Year Fair Market Value:

    42,262
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    UNREALIZED APPRECIATION INV FMV 223,368 223,368

    TY 2015 LandEtcSchedule2
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE FURNITURE 4,073 4,073    
    COMPUTER EQUIPMENT 1,461 1,402 59  


    TY 2015 OtherAssetsSchedule
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SEC. DEPOSITS -8383 WILSHIRE 1,752 1,752 1,752


    TY 2015 OtherDecreasesSchedule
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Description Amount
    TAX BASED ON INVESTMENT INCOME 3,040


    TY 2015 OtherExpensesSchedule
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 3,323 1,329 1,163 831
    OFFICE, MEETING, POSTAGE 1,275 510 446 319
    CHILDREN HOLIDAY PROGRAM 24,775     24,775


    TY 2015 OtherIncreasesSchedule
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Description Amount
    NET CHANGE IN UNREALZED INVESTMENT GAIN -247,661


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 44,767 44,767    
    MISCELLANEOUS 736 295 257 184


    TY 2015 TaxesSchedule
    Name:
    The Friars Charitable Foundation
    EIN:
    95-6047586
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 1,836 734 643 459
    ATTORNEY GENERAL 75 30 25 20
    FRANCHISE TAX BOARD 10 4 4 2