Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
JACOB S SHAPIRO FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 4436 2545 WILKENS AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21223
A Employer identification number

52-6072215
B Telephone number (see instructions)

(410) 566-9200
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$4,819,345J 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)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 8,489 8,489  
4 Dividends and interest from securities... 85,056 85,056  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 276,637
b Gross sales price for all assets on line 6a 1,222,490
7 Capital gain net income (from Part IV, line 2)... 276,637
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 370,182 370,182  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 1,600 0   0
c Other professional fees (attach schedule).... Click to see attachment 67,231 67,231   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,638 1,638   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 47 47   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 70,516 68,916   0
25 Contributions, gifts, grants paid....... 270,980 270,980
26 Total expenses and disbursements. Add lines 24 and 25 341,496 68,916   270,980
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 28,686
b Net investment income (if negative, enter -0-) 301,266
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 10,779 35,799 35,799
2 Savings and temporary cash investments......... 188,490 289,869 289,869
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 199,030 Click to see attachment200,786 201,885
b Investments—corporate stock (attach schedule)....... 2,209,701 Click to see attachment2,195,423 3,325,913
c Investments—corporate bonds (attach schedule)....... 524,332 Click to see attachment540,130 504,334
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 440,000 Click to see attachment339,011 461,545
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,572,332 3,601,018 4,819,345
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 3,572,332 3,601,018
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 3,572,332 3,601,018
31 Total liabilities and net assets/fund balances (see instructions). 3,572,332 3,601,018
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
3,572,332
2
Enter amount from Part I, line 27a .....................
2
28,686
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,601,018
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,601,018
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 FORTRESS INVESTMENT GROUP LLC P    
b GABELLI & CO, INC. - PUBLICLY TRADED SECURITIES - SHORT TERM P    
c GABELLI & CO, INC. - PUBLICLY TRADED SECURITIES - LONG TERM P    
d FIDELITY INVESTMENTS - PUBLICLY TRADED SECURITIES - SHORT TERM P    
e FIDELITY INVESTMENTS - PUBLICLY TRADED SECURITIES - LONG TERM P    
MT. YALE PRIVATE EQUITY OFFSHORE FUND P    
CAPITAL GAINS DIVIDENDS P    
(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       8
b 72,871   70,611 2,260
c 216,118   96,513 119,605
d 435,084   463,231 -28,147
e 497,398   407,623 89,775
      92,117
1,019     1,019
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       8
b       2,260
c       119,605
d       -28,147
e       89,775
      92,117
      1,019
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 2 276,637
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 255,000 5,508,973 0.046288
2013 227,000 5,157,634 0.044012
2012 222,000 4,625,564 0.047994
2011 272,302 4,784,878 0.056909
2010 225,000 5,221,955 0.043087
2
Total of line 1, column (d) .....................
20.238290
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.047658
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
5,248,328
5
Multiply line 4 by line 3......................
5
250,125
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,013
7
Add lines 5 and 6........................
7
253,138
8
Enter qualifying distributions from Part XII, line 4.............
8
270,980
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 3,013
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,013
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 3,013
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 9,168
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 22,668
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 19,655
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet19,655 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    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 addressbulletNONE
    14
    The books are in care ofbulletKATHY HESSELBEIN Telephone no.bullet (410) 566-9200

    Located atbulletPO BOX 4436 2545 WILKENS AVEBALTIMOREMD ZIP+4bullet21223
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JAMES R SHAPIRO TRUSTEE
    0.50     		0 0 0
    2545 WILKENS AVENUE
    BALTIMORE,MD21223
    JANE BAUM RODBELL TRUSTEE
    0.50     		0 0 0
    2545 WILKENS AVENUE
    BALTIMORE,MD21223
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,028,055
    b
    Average of monthly cash balances.......................
    1b
    300,197
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,328,252
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,328,252
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    79,924
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,248,328
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    262,416
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    262,416
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,013
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,013
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    259,403
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    259,403
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    259,403
    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
    270,980
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    270,980
    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
    3,013
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    267,967
    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 7 259,403
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 266,779
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 270,980
    a Applied to 2014, but not more than line 2a 266,779
    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..... 4,201
    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 ..........     		255,202
    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....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADVOCATES FOR CHILDREN AND YOUTH
    8 MARKET PLACE 5TH FLOOR
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 500
    AMERICAN TECHNION SOCIETY
    55 EAST 59TH ST
    NEW YORK,NY10022     		NONE PUBLIC GENERAL 1,500
    AMERICAN VISIONARY ART MUSEUM
    800 KEY HIGHWAY
    BALTIMORE,MD21230     		NONE PUBLIC GENERAL 1,000
    ASSOCIATED JEWISH COMMUNITY FOUNDATION
    101 WEST MOUNT ROYAL AVE
    BALTIMORE,MD21201     		NONE PUBLIC ANNUAL CAMPAIGN 80,500
    BALTIMORE COMMUNITY FOUNDATION
    2 EAST READ ST
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 89,280
    BALTIMORE LEADERSHIP SCHOOL FOR YOUNG WOMEN
    128 W FRANKLIN ST
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 2,000
    BALTIMORE MUSEUM OF ART
    10 ART MUSEUM DR
    BALTIMORE,MD21218     		NONE PUBLIC GENERAL 2,500
    BALTIMORE SCHOOL FOR THE ARTS
    712 CATHEDRAL ST
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 5,000
    BALTIMORE SYMPHONY ORCHESTRA
    1212 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 25,000
    BROWN UNIVERSITY
    PO BOX 1976
    PROVIDENCE,RI02912     		NONE PUBLIC GENERAL 250
    BRYN MAWR SCHOOL
    109 WEST MELROSE AVENUE
    BALTIMORE,MD21210     		NONE PUBLIC GENERAL 1,000
    CENTER STAGE
    700 NORTH CALVERT STREET
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 500
    CENTRAL SCHOLARSHIP BUREAU
    6 PARK CENTER COURT SUITE 211
    OWINGS MILLS,MD21117     		NONE PUBLIC GENERAL 500
    CHILDREN'S SCHOLARSHIP FUND BALTIMORE
    1000 ST PAUL PLACE
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 1,000
    CORNELL UNIVERSITY
    130 E SENECA ST SUITE 400
    ITHACA,NY14850     		NONE PUBLIC GENERAL 250
    ENOCH PRATT FREE LIBRARY
    400 CATHEDRAL ST
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 1,500
    ETZ CHAIM CENTER INC
    3702 FORDS LN
    BALTIMORE,MD21215     		NONE PUBLIC GENERAL 2,000
    EVERYMAN THEATRE
    315 WEST FAYETTE STREET
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 250
    GILMAN SCHOOL SCHOLARSHIP FUND
    5407 ROLAND AVE
    BALTIMORE,MD21210     		NONE PUBLIC GENERAL 1,000
    GOUCHER COLLEGE
    1021 DULANEY VALLEY ROAD
    BALTIMORE,MD21204     		NONE PUBLIC GOUCHER PRISON ECUCATION PARTNERSHIP 1,000
    GREATER BALTIMORE CULTURAL ALLIANCE
    1800 N CHARLES STREET SUITE 810
    BALTIMORE,MD21201     		NONE PUBLIC IN HONOR OF LESLIE SHEPARD 500
    GUILFORD COLLEGE
    5800 WEST FRIENDLY AVE
    GREENSBORO,NC27410     		NONE PUBLIC ANNUAL FUND/LOYALTY FUND 250
    INNTERIM HOUSING CORP
    112 SUDBROOK LANE
    BALTIMORE,MD21208     		NONE PUBLIC GENERAL 1,500
    JEWISH COMMUNITY CENTER OF GREATER BALTIMORE
    3506 GYWNNBROOK AVENUE
    OWINGS MILLS,MD21117     		NONE PUBLIC GORDON CENTER 5,000
    JOHNS HOPKINS UNIVERSITY DEPT OF NEUROLOGY
    100 N CHARLES ST SUITE 453
    BALTIMORE,MD21201     		NONE PUBLIC PROJECT RESTORE DIVISION FUND 1,000
    KENNEDY KRIEGER FOUNDATION
    707 NORTH BROADWAY
    BALTIMORE,MD21205     		NONE PUBLIC GENERAL 4,000
    LIVING CLASSROOMS FOUNDATION
    802 SOUTH CAROLINE ST
    BALTIMORE,MD21231     		NONE PUBLIC GENERAL 500
    MARYLAND ART PLACE
    8 MARKET PLACE SUITE 100
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 500
    MARYLAND HISTORICAL SOCIETY
    201 WEST MONUMENT ST
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 250
    MARYLAND INSTITUTE COLLEGE OF ART
    1300 MOUNT ROYAL AVE
    BALTIMORE,MD21217     		NONE PUBLIC GENERAL 1,000
    MARYLAND PUBLIC TELEVISION
    11767 OWINGS MILLS BLVD
    BALTIMORE,MD21117     		NONE PUBLIC CAPITAL CAMPIAGN FOUNDATION 9,500
    NACHLAT NAFTALY FOUNDATION
    2418 AVENUE I
    BROOKLYN,NY11210     		NONE PUBLIC GENERAL 500
    NATIONAL AQUARIUM IN BALTIMORE
    501 E PRATT STREET
    BALTIMORE,MD21202     		NONE PUBLIC GENERAL 1,700
    NATIONAL MENTORING PARTNERHSIP
    201 SOUTH STREET SUITE 615
    BOSTON,MA02111     		NONE PUBLIC GENERAL 500
    NER ISRAEL RABBINICAL COLLEGE
    400 MOUNT WILSON LN
    BALTIMORE,MD21208     		NONE PUBLIC GENERAL 2,000
    PARK SCHOOL
    2425 OLD COURT ROAD
    BROOKLANDVILLE,MD21208     		NONE PUBLIC GENERAL 2,500
    PLANNED PARENTHOOD OF MARYLAND
    300 N HOWARD STREET
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 500
    POLYCYSTIC KIDNEY DISEASE
    8330 WARD PARKWAY SUITE 500
    KANSAS CITY,MO64114     		NONE PUBLIC GENERAL 500
    ROLLINS COLLEGE
    1000 HOLT AVE
    WINTER PARK,FL32789     		NONE PUBLIC GENERAL 250
    RYR-1 FOUNDATION
    PO BOX 13312
    PITTSBURGH,PA15243     		NONE PUBLIC GENERAL 1,000
    SHEPPARD PRATT HEALTH SYSTEM
    6501 N CHARLES STREET
    BALTIMORE,MD21285     		NONE PUBLIC GENERAL/BRAIN INSTITUTE 2,000
    SPECIAL OLYMPICS
    PO BOX 23961
    BALTIMORE,MD21203     		NONE PUBLIC GENERAL 250
    SUSAN COHAN COLON CANCER FOUNDATION
    201 NORTH CHARLES ST SUITE 2404
    BALTIMORE,MD21201     		NONE PUBLIC GENERAL 1,000
    TEACH FOR AMERICA
    2601 N HOWARD ST SUITE 300
    BALTIMORE,MD21218     		NONE PUBLIC GENERAL 5,000
    THE SEED SCHOOL OF MARYLAND
    200 FONT HILL AVE
    BALTIMORE,MD21223     		NONE PUBLIC GENERAL 500
    THE UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
    620 W LEXINGTON ST
    BALTIMORE,MD21201     		NONE PUBLIC UNIV OF MARYLAND SCHOOL OF SOCIAL WORK-SOCIAL WORK COMMUNITY OUTREACH SERVICES 1,000
    THE UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
    620 W LEXINGTON ST
    BALTIMORE,MD21201     		NONE PUBLIC UNIV OF MARYLAND SCHOOL OF SOCIAL WORK-JANE BAUM RODBELL ANNUAL SCHOLARSHIP 5,000
    TORAH INSTITUTUTE OF BALTIMORE
    35 ROSEWOOD LANE
    OWINGS MILLS,MD21117     		NONE PUBLIC GENERAL 2,500
    VASSAR COLLEGE
    124 RAYMOND AVENUE
    POGHKEEPSIE,NY12604     		NONE PUBLIC GENERAL 250
    WALTERS ART MUSEUM
    600 N CHARLES STREET
    BALTIMORE,MD20201     		NONE PUBLIC GENERAL 2,500
    WILMER EYE OPHTHALMOLOGICAL INSTITUTE
    727 MAUMENEE BUILDING
    BALTIMORE,MD21287     		NONE PUBLIC GENERAL 1,000
    Total .................................bullet 3a 270,980
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 8,489  
    4 Dividends and interest from securities....     14 85,056  
    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 ............     		    18 276,637  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 370,182 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13370,182
    (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:
    JACOB S SHAPIRO FOUNDATION
    EIN:
    52-6072215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 1,600 0   0

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN:
    52-6072215
    Name of Bond End of Year Book Value End of Year Fair Market Value
    19000 SHS AT&T INC SR GLBL NT 3.00000% 2/15/22 FIXED COUPON 19,031 18,596
    18000 SHS COMCAST CORP NOTE CALL MAKE WHOLE 5.150% 3/01/20 FIXED COUPON 20,347 20,112
    21000 SHS CONTINENTAL RESOURCES INC 4.50000% 4/15/23 FIXED COUPON 21,014 15,088
    0 SHS FEDERAL HOME LN MTG CORP 0.87500% 10/14/16 FIXED COUPON 0 0
    50000 SHS FEDERAL HOME LN MTG CORP 1.00000% 6/29/17 FIXED COUPON 50,163 49,995
    49000 SHS FEDERAL HOME LN MTG CORP 1.75000% 5/30/19 FIXED COUPON 49,455 49,368
    0 SHS FEDERAL NATL MTG ASSN 0.37500% 12/21/15 FIXED COUPON 0 0
    43000 SHS FEDERAL NATL MTG ASSN 1.87500% 02/19/19 FIXED COUPON 43,810 43,577
    22000 SHS FREEPORT-MCMORAN INC SR NT 3.10000% 3/15/20 FIXED COUPON 21,538 14,080
    0 SHS GENERAL ELEC CAP CORP MTN BE 5.40000% 2/15/17 FIXED COUPON 0 0
    17000 SHS GENERAL ELEC CAP CORP MTN BE 3.15000% 09/07/22 FIXED COUPON 18,825 18,423
    17000 SHS GOLDMAN SACHS GROUP INC NOTE 6.15000% 4/01/18 FIXED COUPON 17,772 18,461
    19000 SHS JPMORGAN CHASE & CO SR NT 1.62500% 5/15/18 FIXED COUPON 18,475 18,859
    19000 SHS MONSANTO CO NEW SR BLBL NT 3.37500% 7/15/24 FIXED COUPON 19,061 18,115
    7020.415 SHS PIA BBB BOND FUND(PBBBX) 67,934 61,850
    1972.429 SHS PIA MBS BOND FUND(PMTGX) 19,589 19,034
    10235.275 SHS SANDALWOOD OPPORTUNITY CL 1 (SANIX) 108,341 89,661
    0 SHS TARGET CORP SR NT 3.87500% 7/15/20 FIXED COUPON 0 0
    0 SHS VERIZON COMMUNICATIONS INC 2.00000% 11/01/16 FIXED COUPON 0 0
    17000 SHS WACHOVIA CORP GLOBAL MTN 5.75000% 2/01/18 FIXED COUPON 18,135 18,362
    400 SHS WEYERHAEUSER CO COM (WY) 7,584 11,992
    19000 SHS ZIMMER BIOMET HLDGS INC 2.7000% 04/01/20 FIXED COUPON 19,056 18,761

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN:
    52-6072215
    Name of Stock End of Year Book Value End of Year Fair Market Value
    600 SHS A T & T INC (NEW) 5,152 20,646
    0 SHS ACTAVIS PLC USD0.0001 (ACT) 0 0
    340 SHS ADECCO SA ADR (AHEXY) 13,941 11,701
    0 SHS ADVENT SOFTWARE INC COM (ADVS) 0 0
    410 SHS ADT CORPORATION/THE COM 12,499 13,522
    1200 SHS AEROJECT ROCKETDYNE HOLDINGS 8,356 18,792
    252 SHS AGCO CORP (AGCO) 13,434 11,438
    580 SHS AIA GROUP LTD SPONSORED ADR (AAGIY) 13,607 13,950
    0 SHS ALBEMARLE CORP (ALB) 0 0
    147 SHS ALEXANDER & BALDWIN INC COM (ALEX) 3,891 5,191
    43 SHS ALLERGAN PLC.COM USD0.0001 (AGN) 11,451 13,438
    0 SHS ALLIANT TECHSYSTEMS INC (ATK) 0 0
    18 SHS ALPHABET INC CAP STK CL C (GOOG) 9,512 13,660
    200 SHS AMC NETWORKS INC CL A 1,748 14,936
    521 SHS AMERICAN CAP AGY CORP COM (AGNC) 11,596 9,034
    182 SHS AMERICAN EAGLE OUTFITTERS NEW COM (AEO) 2,360 2,821
    600 SHS AMERICAN EXPRESS CO 3,449 41,730
    0 SHS AMERICAN EXPRESS CO (AXP) 0 0
    800 SHS AMETEK INC NEW COM 1,737 42,872
    0 SHS ANTHEM INC COM (FORMERLY WELLPOINT INC) (ANTM) 0 0
    125 SHS APPLE INC (AAPL) 9,097 13,158
    100 SHS APPLE INC (AAPL) 11,511 10,441
    500 SHS ARCHER DANIELS MIDLAND 5,662 18,340
    200 SHS ASCENT CAPITAL GROUP INC 4,759 3,344
    610 SHS ASSURED GUARANTY LTD COM USD0.01 (AGO) 14,453 16,122
    130 SHS ASML HOLDING NV EURO.09 NY REG 2012 (ASML) 1,746 11,540
    251 SHS ATWOOD OCEANICS INC COM (ATW) 9,528 2,568
    90 SHS AVAGO TECHNOLOGIES LTD COM NPV (AVGO) 11,081 13,064
    45 SHS BAIDU INC SPON ADR REP A (BIDU) 10,951 8,507
    0 SHS BANCO BILBAO VIZCAYA ARGENTARI SPONSORED ARD (BBVA) 0 0
    500 SHS BANK OF NEW YORK MELLON CORP 17,635 20,610
    145 SHS BAXALTA INC COM (BXLT) 3,364 5,659
    145 SHS BAXTER INTL INC (BAX) 4,042 5,532
    110 SHS BAYER AG SPON ADR-EACH REPR 1 ORD NPV (BAYRY) 15,630 13,837
    340 SHS BB&T CORP (BBT) 8,009 12,855
    0 SHS BLACKROCK INC (BLK) 0 0
    0 SHS BOULDER BRANDS INC COM 0 0
    300 SHS BRINKS CO COM 7,936 8,658
    194 SHS C H ROBINSON WORLDWIDE INC COM (CHRW) 12,752 12,032
    290 SHS CA INC COM (CA) 7,958 8,282
    147 SHS CABELAS INC (CAB) 5,386 6,869
    600 SHS CABLEVISION SYS NY GROUP A 3,463 19,140
    290 SHS CARNIVAL CORP PAIRED CTF 9,680 15,799
    0 SHS CATERPILLAR INC (CAT) 0 0
    500 SHS CBS CORP CLASS A 5,964 26,060
    0 SHS CBS CORP NEW CL B (CBS) 0 0
    181 SHS CELANESE CORP DEL COM SER A (CE) 12,261 12,067
    98 SHS CELGENE CORP (CELG) 11,167 11,736
    0 SHS CHECK POINT SOFTWARE TECHNOLOGIES (CHKP) 0 0
    600 SHS CHEMTURA CORP COM NEW 14,958 16,362
    0 SHS CHESAPEAKE ENERGY CORPORATION OKLAHOMA (CHK) 0 0
    395 SHS CHICAGO BRIDGE & IRON COMPANY N.V. (CBI) 18,810 15,401
    0 SHS CIGNA CORPORATION COM (CI) 0 0
    66 SHS CIGNA CORPORATION COM (CI) 9,111 9,658
    500 SHS CISCO SYS INC COM (CSCO) 9,701 13,578
    172 SHS CITIGROUP INC COM NEW 8,785 8,833
    410 SHS COACH INC (COH) 13,987 13,419
    185 SHS COLGATE-PAMOLIVE CO (CL) 5,985 12,325
    0 SHS CONOCOPHILLIPS (COP) 0 0
    115 SHS CONSTELLATION BRANDS INC CL A (STZ) 10,671 16,171
    200 SHS CONTINENTAL AG ADR EACH REP 0.2 ORD NPV (CTTAY) 9,579 9,757
    500 SHS CORNING INC 5,148 9,140
    725 SHS CORNING INC (GLW) 9,743 13,253
    240 SHS CORRECTIONS CORP AMER NEW COM NEW (CXW) 7,158 6,358
    300 SHS CRANE CO 10,023 14,352
    0 SHS CREDIT SUISSE GROUP SPON ADR-REP 1 ORD (CS) 0 0
    150 SHS CUMMINS INC (CMI) 13,479 13,479
    117 SHS CUMMINS INC (CMI) 13,803 10,297
    1380 SHS CYPRESS SEMICONDUCTOR CORP (CY) 17,629 13,538
    288 SHS DANA HLDG CORP COM (DAN) 6,986 3,974
    420 SHS DANONE ADR-EA CNV INTO 1/5 EURO.25 (CBK) (DANOY) 5,774 5,699
    2000 SHS DANONE SPONS ADR 21,404 27,062
    89 SHS DECKERS OUTDOOR CORP COM (DECK) 6,371 4,201
    0 SHS DEERE & COMPANY (DE) 0 0
    500 SHS DEERE & COMPANY (DE) 17,745 38,135
    271 SHS DELTA AIR LINES INC DEL COM NEW (DAL) 12,419 13,645
    0 SHS DENBURY RES INC DEL COM USD0.001 (DNR) 0 0
    0 SHS DEVON ENERGY CORP NEW (DVN) 0 0
    0 SHS DIAGEO ADR EACH REPR 4 ORD (DEO) 0 0
    500 SHS DIEBOLD INC COM 17,475 15,045
    102 SHS DILLARDS INC CL A (DDS) 10,915 6,702
    0 SHS DIRECTV 0 0
    300 SHS DISCOVERY COMMS NEW SER A 1,228 8,004
    900 SHS DISCOVERY COMMS NEW SER C 2,854 22,698
    554 SHS DISCOVERY COMMUNICATIONS INC NEW COM SER C (DISCK) 15,992 13,972
    700 SHS DISH NETWORK CORP 8,386 40,026
    0 SHS DISH NETWORK CORP CL A (DISH) 0 0
    315 SHS DOW CHEMICAL CO (DOW) 8,206 16,216
    200 SHS DR PEPPER SNAPPLE GROUP INC COM 3,256 18,640
    69 SHS DST SYSTEMS INC (DST) 9,142 7,870
    250 SHS DUPONT E I DE NEMOURS & CO (DD) 9,579 16,650
    0 SHS E M C CORP MASS (EMC) 0 0
    0 SHS EATON CORP PLC COM (ETN) 0 0
    117 SHS EATON VANCE CORP NON-VOTING (EV) 4,258 3,794
    300 SHS EDGEWELL PERS CARE CO 2,137 23,511
    1000 SHS EL PASO ELEC CO COM NEW 11,320 38,500
    205 SHS EMERSON ELECTRIC CO (EMR) 7,878 9,805
    110 SHS ENDO INTL PLC SHS (ENDP) 8,205 6,734
    300 SHS ENERGIZER HLDGS INC COM 745 10,218
    177 SHS ENERGIZER HLDS INC NEW COM (ENR) 7,178 6,029
    412 SHS ENSCO PLC COM USD0.10 A (ESV) 17,370 6,341
    43 SHS EVEREST RE GROUP LTD COM (RE) 5,883 7,873
    0 SHS EXELIS INC 0 0
    0 SHS EXELIS INC COM (XLS) 0 0
    280 SHS FANUC CORPORATION ADR (FANUY) 10,511 8,178
    69 SHS FEDEX CORP COM (FDX) 12,413 10,280
    1026 SHS FEDERAL MOGUL CORP CL A 11,103 7,713
    1000 SHS FEDERAL SIGNAL CORP COM 9,120 15,850
    2000 SHS FERROR CORP 9,286 22,240
    648 SHS FIFTH THIRD BANCORP(FITB) 11,136 13,025
    390 SHS FIRST INDL RLTY TR INC (FR) 6,396 8,631
    675 SHS FLOWERS FOOD INC COM 1,216 14,506
    700 SHS FLOWSERVE CORP COM 4,314 29,456
    0 SHS FORD MTR CO DEL COM (F) 0 0
    0 SHS FORTRESS INVT GROUP LLC DEL CL A DELAWARE (FIG) 0 0
    131 SHS G A T X CORP (GMT) 6,796 5,574
    185 SHS GARMIN LTD COM CHF10.00 (GRMN) 3,575 6,876
    0 SHS GENCORP INC 0 0
    500 SHS GENERAL ELECTRIC CO (GE) 7,145 15,575
    0 SHS GILEAD SCIENCES INC (GILD) 0 0
    0 SHS GOOGLE INC CL C (GOOG) 0 0
    0 SHS GRAFTECH INTERNATIONAL 0 0
    1500 SHS GRIFFON CORP COM 14,216 26,700
    405 SHS HANCOCK HLDG CO COM 13,658 10,194
    235 SHS HARLEY DAVIDSON INC COM (HOG) 3,305 10,667
    51 SHS HARRIS CORPORATION 4,053 4,432
    303 SHS HARTFORD FINL SVCS GROUP INC (HIG) 12,373 12,985
    0 SHS HCC INS HLDGS INC (HCC) 0 0
    125 SHS HDFC BANK LTD ADS EACH REPR 3 INR10 (MGT) (HDB) 7,556 7,700
    1115 SHS HEWLETT-PACKARD CO DE (HPQ) 13,673 13,202
    145 SHS HOME DEPOT INC COM (HD) 4,344 19,176
    0 SHS HONDA MOTOR LTD AMERN SHS (HMC) 0 0
    1200 SHS HUNTSMAN CORP (HUN) 13,079 13,578
    0 SHS ICICI BANK LIMITED ADR EACH REPR 2 ORD (IBN) 0 0
    0 SHS ILLUMINA INC COM (ILMN) 0 0
    780 SHS INFINEON TECHNOLOGIES AG SPONSORED ADR (IFNNY) 10,095 11,443
    0 SHS INTEL CORP (INTC) 0 0
    1000 SHS INTERPUBLIC GROUP COS INC 19,724 23,280
    767 SHS ISHARES 1-3 YEAR TREASURY BOND ETF (SHY) 61,168 64,704
    250 SHS ITT CORP NEW COM NEW 1,636 9,080
    90 SHS INTL BUSINESS MACH (IBM) 14,339 12,386
    415 SHS INVESCO LTD COM STK USD0.20 (IVZ) 9,151 13,894
    370 SHS JAMES HARDIE INDS PLC SPONSORED ADR (JHX) 4,928 4,688
    0 SHS JOURNAL COMM INC-A 0 0
    210 SHS JPMORGAN CHASE & CO (JPM) 8,573 13,866
    469 SHS JUNIPER NETWORKS INC COM (JNPR) 10,302 12,940
    1500 SHS KAMAN CORP COM FORMERLY CLA TO(KAMN) 25,605 61,215
    77 SHS KAMAN CORP COM FORMERLY CLA TO(KAMN) 2,817 3,142
    280 SHS KAO CORP SPONSORED ADR (KCRPY) 14,237 14,511
    125 SHS KIMBERLY CLARK CORP (KMB) 13,613 15,913
    855 SHS KINDER MORGAN INC COM USD0.01 (KMI) 12,920 12,920
    400 SHS KINNEVIK INVESTMENTS AB SHS B 8,969 12,424
    0 SHS KONINKLIJKE PHILIPS N V NY REG SH NEW (PHG) 0 0
    96 SHS LANDSTAR SYSTEMS INC (LSTR) 6,491 5,630
    250 SHS LAS VEGAS SANDS CORP (LVS) 13,878 10,960
    0 SHS LAYNE CHRISTENSEN CO COM 0 0
    117 SHS LEAR CORP NEW COM USD0.01 (LEA) 11,371 14,246
    500 SHS LEGG MASON INC COM 10,318 19,615
    22 SHS LIBERTY BROADBAND CORP COM SER A 138 1,136
    58 SHS LIBERTY BROADBAND CORP SERIES C 830 3,008
    238 SHS LIBERTY BROADBAND CORP COM SER C (LBRDK) 10,199 12,343
    1000 SHS LIBERTY GLOBAL PLC SHS CL A 4,830 42,360
    1000 SHS LIBERTY GLOBAL PLC SHS CL C 4,561 40,770
    50 SHS LIBERTY LILAC SHS CL A 282 2,068
    50 SHS LIBERTY LILAC SHS CL C 335 2,150
    242 SHS LIBERTY MEDIA CORPORATION COM USD0.01 (LMCA) 7,097 9,499
    176 SHS LIBERTY MEDIA CORP CLASS C 774 6,702
    88 SHS LIBERTY MEDIA CORP DELAWARE CL A (FORMERLY STARZ) 419 3,454
    406 SHS LIBERTY MEDIA CORP DELAWARE COM SER C (LMCK) 11,057 15,460
    0 SHS MADISON SQUARE GARDEN COMPANY A 0 0
    183 SHS MADISON SQUARE GARDEN CO NEW CL A 2,178 29,609
    280 SHS MAGNA INTL INC COM (MGA) 5,901 11,357
    172 SHS MALLINCKRODT PLC ORDINARY USD (MNK) 12,900 12,836
    0 SHS MARATHON OIL CORP (MRO) 0 0
    1000 SHS MARINE PRODS CORP COM 6,879 6,040
    1007 SHS MARVELL TECHNOLOGY GROUP LTD (MRVL) 13,606 8,882
    560 SHS MASCO CORP (MAS) 6,131 15,848
    154 SHS MATSON INC COM NPV (MATX) 3,278 6,565
    465 SHS MATTEL INC (MAT) 14,189 12,634
    460 SHS MBIA INC 4,890 2,981
    1200 SHS MEDIA GEN INC NEW COM 7,261 19,380
    255 SHS MERCK & CO INC NEW COM (MRK) 9,845 13,469
    265 SHS METLIFE INC COM (MET) 14,090 12,776
    0 SHS MICRON TECHNOLOGY (MU) 0 0
    340 SHS MICROSOFT CORP (MSFT) 9,202 18,863
    0 SHS MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR (MTU) 0 0
    400 SHS MODINE MFG CO 3,656 3,620
    395 SHS MONDELEZ INTL INC COM (MDLZ) 10,389 17,712
    0 SHS MONTPELIER RE HOLDINGS COM USD0.01 (MRH) 0 0
    293 SHS MORGAN STANLEY (MS) 10,747 9,242
    183 SHS MRC GLOBAL INC COM USD0.01 (MRC) 5,558 2,361
    550 SHS MSG NETWORK INC CL A 745 11,440
    500 SHS MUELLER INDS INC COM 14,747 13,550
    209 SHS MYLAN N V SHS EURO (MYL) 10,911 10,841
    500 SHS NATIONAL FUEL GAS CO NJ COM 16,490 21,375
    340 SHS NATIONAL OILWELL VARCO INC (NOV) 16,653 11,387
    400 SHS NAVISTAR INTL CORP COM 17,319 5,304
    0 SHS NESTLE SA SPON ADR EACH REPR 1 COM CHF0.10 (NSRGY) 0 0
    440 SHS NETAPP INC COM (NTAP) 15,715 11,673
    111 SHS NETFLIX COM INC COM (NFLX) 10,996 12,691
    33 SHS NEWMARKET CORP (NEU) 7,652 12,564
    500 SHS NEWS CORP NEW CL A (FORMERLY TWENTY FIRST CENTURY) 237 6,680
    370 SHS NIDEC CORPORATION ADR EACH REPR 0.25 (NJ) 7,229 6,749
    600 SHS NOMURA HLDGS INC SPONSORED ADR (NMR) 4,552 3,336
    400 SHS NORTHERN TRUST CORP 17,403 28,836
    0 SHS NOVARTIS AG ADR EA REPR 1 CHF0.5(REGD)(NVS) 0 0
    150 SHS NXP SEMICONDUCTORS N V (NXPI) 9,719 12,638
    0 SHS OLD DOMINION FGHT LINES INC COM (ODFL) 0 0
    347 SHS OLIN CORP NEW (OLIN) 9,678 5,989
    151 SHS ORBITAL SCIENCES CORP (ORB) 9,074 13,490
    200 SHS ORIX CORPORATION SPON ADR EACH REP 5 (CIT) (IX) 14,608 14,048
    0 SHS PALL CORP (PLL) 0 0
    0 SHS PARTNERRE COM USD1 (PRE) 0 0
    200 SHS PATTERSON COMPANIES INC 6,657 9,042
    300 SHS PAYCHEX INC COM 8,672 15,867
    210 SHS PENTAIR PLC COM USD0.01 (PNR) 9,783 10,401
    600 SHS PEP BOYS MANNY MOE & JACK 5,516 11,046
    410 SHS PFIZER INC (PFE) 9,181 13,235
    0 SHS PRECISION CASTPARTS CORP (PCP) 0 0
    96 SHS PRICESMART INC (PSMT) 5,288 7,967
    150 SHS PROCTOR & GAMBLE CO (PG) 8,496 11,912
    260 SHS PROLOGIS INC COM(PLD)-OTHER 3% 5,653 11,159
    0 SHS PROTECTIVE LIFE CORP COM 0 0
    0 SHS PVH CORP COM (PVH) 0 0
    510 SHS QIAGEN NV COM EURO.01 (QGEN) 11,483 14,102
    680 SHS REDWOOD TRUST INC (RWT) 11,408 8,976
    1332 SHS REGIONS FINL CORP (RF) 10,581 12,787
    1400 SHS REPUBLIC SVCS INC CL A 14,791 61,586
    0 SHS RITCHIE BROS AUCTIONEERS COM (RBA) 0 0
    450 SHS ROCHE HOLDINGS AF SPN ADR EACH REP 0.125 GENUS (RHHBY) 9,009 15,532
    700 SHS ROGERS COMMUNICATIONS CL B 9,034 24,122
    2000 SHS ROLLINS INC 2,390 51,800
    6000 SHS ROLLS-ROYCE GROUP PLC 45,616 50,880
    1000 SHS RYMAN HOSPITALITY PPTYS INC COM 17,261 51,640
    207 SHS SABMILLER PLC ADR EACH REP 1 ORD USD0.10 LEVEL 1 (BNY) (SBMRY) 4,400 12,416
    180 SHS SANDS CHINA LTD UNSP ADR EA REPR 10 SHS (SCHYY) 11,485 6,166
    190SHS SCHLUMBERGER LIMITED COM USD0.01 (SLB) 13,877 13,253
    517 SHS SCRIPPS E W CO OHIO CL A 1,027 9,823
    600 SHS SCRIPPS NETWORKS INTERAC 17,924 33,126
    0 SHS SENSIENT TECHNOLOGIES CORP 0 0
    356 SHS SERVICE CORP INTL (SCI) 6,390 9,263
    60 SHS SHIRE ADR EACH REPR 3 ORD (SHPG) 6,743 12,300
    400 SHS SJW CORP COM 5,666 11,860
    1590 SHS SOCIETE GENERALE FRANCE SPONSORED ADR (SCGLY) 15,578 14,706
    1170 SHS STAPLES INC (SPLS) 16,332 11,080
    200 SHS STATE STREET CORP 13,441 13,272
    96 SHS STURM RUGER & CO INC (RGR) 5,189 5,723
    337 SHS SUPERIOR ENERGY SERVICES INC (SPN) 7,443 4,539
    585 SHS SYMANTEC CORP (SYMC) 12,978 12,285
    787 SHS SYMANTEC CORP (SYMC) 16,497 16,527
    200 SHS TDK CORP AMERN DEP SH (TTDKY) 15,701 13,001
    364 SHS TD AMERITRADE HLDG CORP COM 11,712 12,574
    105 SHS TEJON RANCH CO COM (TRC) 2,966 2,011
    19 SHS TEJON RANCH CO WTS EXP 08/31/2016 (TRCWS) 71 0
    1087 SHS TELEPHONE & DATA SYSTEMS 4,963 28,142
    150 SHS TEMPUR SEALY INTL INC COM (TPX) 7,029 10,569
    775 SHS TENCENT HLDGS LIMITED UNSP ADR EACH REP 1 ORD (TCEHY) 3,726 15,250
    194 SHS TENET HEALTHCARE CORP COM NEW (THC) 6,083 5,878
    0 SHS TESSERA TECHNOLOGIES INC COM (TSRA) 0 0
    160 SHS TIFFANY & CO NEW COM (TIF) 9,078 12,206
    1000 SHS TIME WARNER INC COM 27,659 64,670
    60 SHS TOYOTA MOTOR CORP SPADR REP2COM 6,993 7,382
    121 SHS TREDEGAR CORP (TG) 1,964 1,648
    1000 SHS TREDEGAR INDS INC 12,848 13,620
    0 SHS TUPPERWARE BRANDS CORP (TUP) 0 0
    2000 SHS TWENTY FIRST CENTURY FOX A 1,788 54,320
    291 SHS TYSON FOODS INC CL A (TSN) 10,976 15,059
    145 SHS UNION PACIFIC CORP (UNP) 3,148 11,339
    200 SHS UNITED CONTINENTAL HOLDINGS INC COM (UAL) 11,372 11,362
    140 SHS UNITED PARCEL SVC INC CL B (UPS) 8,946 13,472
    800 SHS UNITED STATES CELLULAR CORP 24,556 32,648
    294 SHS USG CORP COM NEW (USG) 8,472 7,141
    112 SHS VALMONT INDS INC (VMI) 14,707 11,874
    27 SHS VECTRUS INC 127 564
    1300 SHS VIACOM INC NEW CL A 24,421 57,187
    182 SHS VISTA OUTDOOR INC COM (VSTO) 6,246 8,101
    129 SHS VISTEON CORP COM NEW (VC) 10,260 14,771
    516 SHS VIVENDI SA ORD 5,565 11,135
    183 SHS WADDELL & REED FINL CL A (WDR) 9,126 5,245
    1000 SHS WEATHERFORD INTERNATIONAL PLC 15,098 8,390
    146 SHS WESTERN DIGITAL CORP DEL (WDC) 10,495 8,767
    693 SHS WESTERN UNION CO COM (WU) 11,927 12,412
    9 SHS WHITE MOUNTAINS INSURANCE GROUP COM USD1 (WTM) 4,448 6,541
    69 SHS WORLD FUEL SERVICES CORP (INT) 2,933 2,654
    170 SHS WYNN RESORTS LTD (WYNN) 17,013 11,762
    500 SHS XYLEM, INC. 4,582 18,250
    0 SHS ZEP, INC 0 0
    412 SHS ZION BANCORP (ZION) 10,238 11,248

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN:
    52-6072215
    US Government Securities - End of Year Book Value:

    200,786
    US Government Securities - End of Year Fair Market Value:

    201,885
    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:
    JACOB S SHAPIRO FOUNDATION
    EIN:
    52-6072215
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MOUNT YALE PRIVATE EQUITY OFFSHORE FUND AT COST 339,011 461,545

    TY 2015 OtherExpensesSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN:
    52-6072215
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 34 34   0
    FROM PASSTHROUGH 13 13   0


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN:
    52-6072215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 67,231 67,231   0


    TY 2015 TaxesSchedule
    Name:
    JACOB S SHAPIRO FOUNDATION
    EIN:
    52-6072215
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,638 1,638   0