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
PHILIP S MILLER FOUNDATION 89953500
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

84-6290472
B Telephone number (see instructions)

(503) 464-3580
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$28,938,485J 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      
4 Dividends and interest from securities... 749,684 720,945  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -379,415
b Gross sales price for all assets on line 6a 20,425,453
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 370,269 720,945  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 237,415 213,673   23,741
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,251 18,807   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 5,676 5,676    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 269,842 238,156 0 25,241
25 Contributions, gifts, grants paid....... 1,550,000 1,550,000
26 Total expenses and disbursements. Add lines 24 and 25 1,819,842 238,156 0 1,575,241
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,449,573
b Net investment income (if negative, enter -0-) 482,789
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets 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............. 7,508 3,895 3,895
2 Savings and temporary cash investments......... 256,602 417,525 417,525
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   16,112 0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 19,935,645 Click to see attachment17,225,054 17,296,339
c Investments—corporate bonds (attach schedule)....... 9,741,396 Click to see attachment10,903,570 10,687,297
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 467,851 Click to see attachment407,891 523,224
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment10,205 Click to see attachment10,205
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 30,425,114 28,968,140 28,938,485
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment94,678  
23 Total liabilities (add lines 17 through 22)......... 94,678 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........ 30,330,436 28,968,140
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)..... 30,330,436 28,968,140
31 Total liabilities and net assets/fund balances (see instructions). 30,425,114 28,968,140
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
30,330,436
2
Enter amount from Part I, line 27a .....................
2
-1,449,573
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
87,277
4
Add lines 1, 2, and 3 ..........................
4
28,968,140
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
28,968,140
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 1. SECURITY LITIGATION   1911-11-11 2015-02-04
b 90523.281 CREDIT SUISSE COMM RET ST CO     2015-02-23
c 63428.229 CREDIT SUISSE COMM RET ST CO     2015-02-23
d 1. SECURITY LITIGATION   1911-11-11 2015-04-15
e 58061.632 LS OPPORTUNITY   2014-06-05 2015-05-04
.7494 GOOGLE INC CL C   2014-03-20 2015-05-07
3430. AIRBUS GROUP NV A D R   2014-03-20 2015-05-26
1913. ALLSTATE CORP     2015-05-26
4332. AMERICAN EAGLE OUTFITTERS     2015-05-26
631. BAYER AG A D R   2014-12-02 2015-05-26
440. DANAHER CORP   2013-01-15 2015-05-26
12641. DEUTSCHE BOERSE AG UNSPN A D R   2014-03-20 2015-05-26
5376. E M C CORP MASS     2015-05-26
33670.937 EATON VANCE GLOBAL MACRO FD CL I     2015-05-26
1221. HITACHI LTD ADR 10 COM   2014-03-20 2015-05-26
6356. HOLCIM LTD UNSPON A D R   2014-12-02 2015-05-26
853. KAO CORP A D R   2014-03-20 2015-05-26
520. LINCOLN NATL CORP COM   2013-07-24 2015-05-26
840. NIPPON TELEGRAPH TELE A D R   2014-03-20 2015-05-26
41957.299 NUVEEN HIGH INCOME BOND FD CL I     2015-05-26
115740.74 NUVEEN HIGH INCOME BOND FD CL I   2014-12-05 2015-05-26
3210. PORSCHE AUTOMOBIL HLDG SE A D R   2014-03-20 2015-05-26
2344. QUALCOMM INC     2015-05-26
5169. QUANTA SVCS INC COM W/RIGHTS ATTACHED EX     2015-05-26
34285.742 ROBECO BOSTON PARTNERS L S RSRCH     2015-05-26
12444.471 ROBECO BOSTON PARTNERS L S RSRCH   2014-12-02 2015-05-26
3500. REPSOL S A SPONSORED ADR   2014-03-20 2015-05-26
657.528 ROWE T PRICE MID-CAP GROWTH FD INC   2014-12-02 2015-05-26
6063.965 ROWE T PRICE MID-CAP GROWTH FD INC     2015-05-26
11127.96 T ROWE PRICE MID CAP VALUE FD INC   2013-01-15 2015-05-26
344.709 T ROWE PRICE MID CAP VALUE FD INC   2013-10-07 2015-05-26
1942.304 T ROWE PRICE MID CAP VALUE FD INC   2014-03-20 2015-05-26
680. SPDR DOW JONES INTERNATIONAL ETF   2013-01-15 2015-05-26
1187. SCHLUMBERGER LTD     2015-05-26
2030. SEVEN I HLDGS UNSPN A D R   2014-03-20 2015-05-26
870. SKYWORKS SOLUTIONS INC   2014-03-20 2015-05-26
2570. SONY CORP A D R   2014-03-20 2015-05-26
3350. SUMITOMO MITSUI FINL GROUP A D R   2014-03-20 2015-05-26
2327. SUNCOR ENERGY INC   2014-03-20 2015-05-26
4137. TAIWAN SEMICONDUCTOR A D R     2015-05-26
1140. UNIBAIL RODAMCO SE UNSP A D R   2014-03-20 2015-05-26
184.797 VANGUARD MID-CAP INDEX-ADM   2013-05-15 2015-05-26
2930.426 VANGUARD SMALL CAP INDEX FUND     2015-05-26
480. DAIMLER AG   2014-03-20 2015-05-26
1007. BUNGE LIMITED   2013-11-14 2015-05-26
4801. WEATHERFORD INTERNATIONAL PL   2014-12-02 2015-05-26
2836. XL GROUP PLC     2015-05-26
5828.259 ABERDEEN FDS EMRGN   2015-05-26 2015-06-12
77889.016 ABERDEEN FDS EMRGN     2015-06-12
14598.54 ABERDEEN FDS EMRGN   2014-03-19 2015-06-12
150000. NATIONAL BANK M T N 1.500% 6/26/15   2013-10-15 2015-06-26
1. SECURITY LITIGATION   1911-11-11 2015-06-29
95016.027 DRIEHAUS SELECT CREDIT FUND   2014-12-02 2015-07-24
7016. ISHARES BARCLAYS TIPS BOND ETF     2015-07-24
8970. ISHARES BARCLAYS TIPS BOND ETF   2015-05-26 2015-07-24
21149.555 LOOMIS SAYLES GLBL BOND INST     2015-07-24
40773.997 LOOMIS SAYLES GLBL BOND INST     2015-07-24
25661.52 TCW EMERGING MARKETS INCOME FUND   2015-05-26 2015-07-24
72946.647 TCW EMERGING MARKETS INCOME FUND     2015-07-24
200000. GE CAPITAL BANK C D 1.150% 8/24/15   2012-08-17 2015-08-24
250000. SALLIE MAE BANK C D 1.100% 8/24/15   2012-08-17 2015-08-24
500000. COOPERATIEVE MTN 2.125% 10/13/15   2012-01-18 2015-10-13
9738. SPDR DOW JONES INTERNATIONAL ETF     2015-11-02
2918. AIRBUS GROUP NV A D R   2014-12-02 2015-11-16
2685. AIRBUS GROUP NV A D R   2014-03-20 2015-11-16
4074. AMERICA MOVIL S A DE C V SPONSORED ADR REPSTG SER L SHS   2014-03-20 2015-11-16
5300. B G GROUP P L C A D R   2014-06-03 2015-11-16
704. B G GROUP P L C A D R   2014-12-02 2015-11-16
2510. BROADCOM CORP COM   2014-12-02 2015-11-16
670. CBS CORP CLASS B NON VOTING   2013-01-15 2015-11-16
7770. CABLEVISION SYSTEMS NY GROUP CL A   2015-05-26 2015-11-16
4734. CHESAPEAKE ENERGY CORP     2015-11-16
800. DOW CHEM CO   2014-03-20 2015-11-16
2090. ELECTRONIC ARTS INC   2013-10-01 2015-11-16
270. EXPEDIA INC   2014-03-20 2015-11-16
92026.481 FEDERATED INST HI YLD BD FD   2014-03-20 2015-11-16
3853.565 FEDERATED INST HI YLD BD FD   2014-06-03 2015-11-16
1400. F5 NETWORKS INC COM     2015-11-16
1994. GEA GROUP AG SPON A D R   2014-03-20 2015-11-16
2824. GANNETT CO INC     2015-11-16
318. J P MORGAN CHASE & CO     2015-11-16
300. J P MORGAN CHASE & CO   2013-01-15 2015-11-16
600. LOWES COMPANIES INC   2013-01-15 2015-11-16
2773. NIPPON TELEGRAPH TELE A D R   2014-03-20 2015-11-16
20139.421 NUVEEN REAL ESTATE SECS I     2015-11-16
7526. PORSCHE AUTOMOBIL HLDG SE A D R   2014-03-20 2015-11-16
1390. POST HOLDINGS INC   2013-01-15 2015-11-16
44320.653 ROBECO BOSTON PARTNERS L S RSRCH   2015-07-29 2015-11-16
10489.5679 ROBECO BOSTON PARTNERS L S RSRCH   2015-05-04 2015-11-16
36859.8601 ROBECO BOSTON PARTNERS L S RSRCH   2015-05-04 2015-11-16
2487.214 ROBECO BOSTON PARTNERS L S RSRCH   2014-12-02 2015-11-16
742.637 ROWE T PRICE MID-CAP GROWTH FD INC   2014-12-16 2015-11-16
718.88 ROWE T PRICE MID-CAP GROWTH FD INC   2014-12-02 2015-11-16
866.497 T ROWE PRICE MID CAP VALUE FD INC   2014-12-16 2015-11-16
2577.833 T ROWE PRICE MID CAP VALUE FD INC   2014-03-20 2015-11-16
20836.224 SALIENT MLP ENERGY INFRASTRUCTURE I   2015-02-23 2015-11-16
2170. SEVEN I HLDGS UNSPN A D R   2014-03-20 2015-11-16
3663. SONY CORP A D R     2015-11-16
880. SUNTRUST BKS INC   2013-01-15 2015-11-16
980. TEVA PHARMACEUTICALS INDS LTD ADR   2014-06-03 2015-11-16
1780. TORAY INDUSTRIES INC A D R   2014-03-20 2015-11-16
2270. VIVENDI SA UNSPON ADR   2015-05-26 2015-11-16
1171. DAIMLER AG   2014-03-20 2015-11-16
1831. ENDO INTERNATIONAL PLC     2015-11-16
837. MALLINCKRODT PLC W I   2014-12-02 2015-11-16
847. MALLINCKRODT PLC W I     2015-11-16
978. CHECK POINT SOFTWARE TECH LTD   2014-03-20 2015-11-16
.6667 FOUR CORNERS PROPERTY TRUST   2015-05-26 2015-12-04
67271.42 SALIENT MLP ENERGY INFRASTRUCTURE I     2015-12-11
CAPITAL GAIN 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 14     14
b 529,561   600,000 -70,439
c 371,055   457,313 -86,258
d 106     106
e 740,286   747,834 -7,548
397   451 -54
59,064   61,877 -2,813
128,556   93,127 35,429
70,700   77,768 -7,068
90,831   92,801 -1,970
37,862   26,400 11,462
98,871   99,232 -361
140,867   140,180 687
317,854   322,723 -4,869
82,318   87,936 -5,618
98,898   94,768 4,130
39,920   27,927 11,993
29,892   21,569 8,323
29,536   23,328 6,208
354,120   369,994 -15,874
976,852   1,000,000 -23,148
28,504   31,779 -3,275
161,524   154,579 6,945
148,886   165,310 -16,424
539,315   460,405 78,910
195,752   191,272 4,480
66,639   86,590 -19,951
53,733   53,529 204
495,547   378,288 117,259
335,842   277,309 58,533
10,403   10,000 403
58,619   60,134 -1,515
29,940   28,252 1,688
108,276   88,112 20,164
42,345   36,987 5,358
89,982   33,365 56,617
80,751   45,000 35,751
29,346   28,203 1,143
68,040   75,720 -7,680
99,783   71,509 28,274
29,400   29,139 261
29,684   22,584 7,100
171,518   134,440 37,078
46,079   43,219 2,860
91,243   82,886 8,357
68,032   64,359 3,673
107,029   89,401 17,628
79,556   82,703 -3,147
1,063,185   1,220,821 -157,636
199,270   200,000 -730
150,000   152,184 -2,184
1,055     1,055
856,094   905,503 -49,409
786,725   842,981 -56,256
1,005,832   1,014,798 -8,966
317,878   332,009 -14,131
612,833   673,071 -60,238
200,160   206,206 -6,046
568,984   634,452 -65,468
200,000   200,000  
250,000   250,000  
500,000   500,000  
404,180   403,379 801
49,226   44,033 5,193
45,295   48,437 -3,142
64,572   80,909 -16,337
78,540   109,547 -31,007
10,433   10,264 169
129,447   106,438 23,009
33,761   25,529 8,232
241,730   199,831 41,899
28,413   120,383 -91,970
40,796   39,888 908
140,536   55,528 85,008
32,864   20,236 12,628
862,288   950,634 -88,346
36,108   40,000 -3,892
145,681   157,135 -11,454
79,021   92,402 -13,381
45,927   28,482 17,445
20,788   10,912 9,876
19,611   13,848 5,763
42,311   21,564 20,747
106,486   77,010 29,476
465,623   427,012 38,611
30,329   74,507 -44,178
81,732   47,791 33,941
690,073   690,959 -886
163,323   163,742 -419
573,908   575,382 -1,474
38,726   38,228 498
59,530   53,566 5,964
57,625   58,524 -899
24,453   23,898 555
72,746   79,810 -7,064
177,733   271,661 -93,928
50,256   39,537 10,719
99,412   59,239 40,173
36,871   25,133 11,738
57,104   50,901 6,203
32,146   22,891 9,255
47,510   58,069 -10,559
95,119   105,437 -10,318
103,046   70,139 32,907
47,196   75,425 -28,229
47,760   49,160 -1,400
78,771   66,738 12,033
14   14  
446,682   882,131 -435,449
      177,730
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       14
b       -70,439
c       -86,258
d       106
e       -7,548
      -54
      -2,813
      35,429
      -7,068
      -1,970
      11,462
      -361
      687
      -4,869
      -5,618
      4,130
      11,993
      8,323
      6,208
      -15,874
      -23,148
      -3,275
      6,945
      -16,424
      78,910
      4,480
      -19,951
      204
      117,259
      58,533
      403
      -1,515
      1,688
      20,164
      5,358
      56,617
      35,751
      1,143
      -7,680
      28,274
      261
      7,100
      37,078
      2,860
      8,357
      3,673
      17,628
      -3,147
      -157,636
      -730
      -2,184
      1,055
      -49,409
      -56,256
      -8,966
      -14,131
      -60,238
      -6,046
      -65,468
       
       
       
      801
      5,193
      -3,142
      -16,337
      -31,007
      169
      23,009
      8,232
      41,899
      -91,970
      908
      85,008
      12,628
      -88,346
      -3,892
      -11,454
      -13,381
      17,445
      9,876
      5,763
      20,747
      29,476
      38,611
      -44,178
      33,941
      -886
      -419
      -1,474
      498
      5,964
      -899
      555
      -7,064
      -93,928
      10,719
      40,173
      11,738
      6,203
      9,255
      -10,559
      -10,318
      32,907
      -28,229
      -1,400
      12,033
       
      -435,449
       
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 -379,415
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 1,553,018 31,692,130 0.049003
2013 1,426,115 31,389,034 0.045434
2012 1,476,666 30,906,078 0.047779
2011 1,570,552 31,296,361 0.050183
2010 1,569,414 30,954,636 0.0507
2
Total of line 1, column (d) .....................
20.243099
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
0.04862
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
30,518,496
5
Multiply line 4 by line 3......................
5
1,483,809
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,828
7
Add lines 5 and 6........................
7
1,488,637
8
Enter qualifying distributions from Part XII, line 4.............
8
1,575,241
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 4,828
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 4,828
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 4,828
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 19,484
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 19,484
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
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 14,656
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,828 RefundedBullet 11 9,828
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCO
    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
     
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 464-3580

    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97204
    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
     
    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
     
     
    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
    US BANK NA TRUSTEE
    1     		237,415    
    PO BOX 3168
    PORTLAND,OR97208
    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.........................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
    30,360,440
    b
    Average of monthly cash balances.......................
    1b
    622,805
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    30,983,245
    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
    30,983,245
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    464,749
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    30,518,496
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,525,925
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,525,925
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    4,828
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,828
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,521,097
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,521,097
    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
    1,521,097
    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
    1,575,241
    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
    1,575,241
    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
    4,828
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,570,413
    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 1,521,097
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 50,584
    b From 2011...... 40,792
    c From 2012...... 0
    d From 2013...... 0
    e From 2014...... 0
    fTotal of lines 3a through e........ 91,376
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,575,241
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 1,521,097
    e Remaining amount distributed out of corpus 54,144
    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 5 145,520
    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 ..........     		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) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		50,584
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		94,936
    10 Analysis of line 9:
    a Excess from 2011.... 40,792
    b Excess from 2012.... 0
    c Excess from 2013.... 0
    d Excess from 2014.... 0
    e Excess from 2015.... 54,144
    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
    SHRINERS HOSPITALS FOR CHILDREN
    TRUST & INVESTMENT ACCTG MGR
    PO BOX 31356
    TAMPA,FL336313356     		NONE PC GENERAL OPERATING 310,000
    CHILDREN'S HOSPITAL FOUNDATION
    ATTN SHARON MCMEEL
    13123 E 16TH AVENUE B045
    AURORA,CO80218     		NONE PC GENERAL OPERATING 310,000
    DOUGLAS COUNTY FAIR FOUNDATION
    ATTN EXECUTIVE OFFICE
    CASTLE ROCK,CO801042680     		NONE PC GENERAL OPERATING 31,000
    DOUGLAS COUNTY LIBRARY
    ATTN KAREN GARGAN
    CASTLE ROCK,CO801041911     		NONE PC GENERAL OPERATING 155,000
    DOUGLAS COUNTY 4-H COUNCIL
    ATTN JOSEPH J JULIAN
    CASTLE ROCK,CO801042680     		NONE PC GENERAL OPERATING 31,000
    TOWN OF CASTLE ROCK
    ATTN EDWARD MCWILLIAMS
    100 WILCOX ST
    CASTLE ROCK,CO80104     		NONE GOV GENERAL OPERATING 341,000
    DOUGLAS COUNTY
    ATTN TREASURER
    PO BOX 999
    CASTLE ROCK,CO80104     		NONE GOV GENERAL OPERATING 310,000
    DOUGLAS COUNTY SCHOOL DISTRICT
    ATTN BONNIE BETZ CFO
    701 PRAIRIE HAWK DR
    CASTLE ROCK,CO80109     		NONE GOV GENERAL OPERATING 62,000
    Total .................................bullet 3a 1,550,000
    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 ...........     		         
    4 Dividends and interest from securities....     14 749,684  
    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 -379,415  
    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)..   370,269  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13370,269
    (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:
    PHILIP S MILLER FOUNDATION 89953500
    EIN:
    84-6290472
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    PHILIP S MILLER FOUNDATION 89953500
    EIN:
    84-6290472
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JPMORGAN CHASE 3.150 7/5/16 265,838 252,585
    TOYOTA MOTOR C C 4.250 1/11/21 501,405 539,620
    BNP PARIBAS 5.00 1/15/21 497,860 553,240
    TOTAL CAPITAL SA 4.25 12/15/21 302,046 320,292
    DRIEHAUS SELECT CREDIT FUND 863,939 824,346
    LOOMIS SAYLES ABS STRAT 843,755 843,755
    GE CAPITAL BK 1.15 08/24/15    
    SALLIE MAE BK 1.1 8/24/15    
    COOPERATIEVE CENTRALE 2.125    
    TORONTO DOMINION 2.375 2016 316,257 303,147
    VERIZON COMM 1.1 11/1/17 299,976 297,249
    NATL BK OF CANADA 1.5 6/26/15    
    INTEL CORP 1.950 10/1/16 259,243 251,560
    UNITED TECH CORP 1.8 6/1/17 257,912 251,413
    HSBC USA INC 1.625 1/16/18 251,010 248,763
    ORACLE CORP 2.375 1/15/19 252,923 253,860
    TEXAS INTRUMENTS 1.650 8/3/19 251,118 247,473
    JOHN DEERE CAP 1.7 1/15/20 246,525 243,580
    NORTHN TR CORP 3.450 11/4/20 259,275 261,268
    ROYAL BK OF CAN 2.875 4/19/16 157,022 150,924
    BK OF MONTREAL 1.450 4/9/18 249,631 248,720
    CREDIT SUISSE COMM RET ST CO    
    FEDERATED INST HI YLD BD FD 2,232,521 2,034,877
    WAL MART STORES 3.625% 7/8/20 265,493 267,490
    CATERPILLAR MTN 3.750% 11 522,355 520,155
    CONOCOPHILLIPS CO 3.350% 11 494,085 457,260
    EMERSON ELECTRIC CO 3.150% 6 406,441 396,680
    UNITEDHEALTH GROUP 3.750% 7 502,480 515,440
    WELLS FARGO CO MTN 3.550% 9 404,460 403,600

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    PHILIP S MILLER FOUNDATION 89953500
    EIN:
    84-6290472
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN EAGLE OUTFITTERS INC    
    BROADCOM CORP 89,591 120,959
    DANAHER CORP 156,891 212,974
    GOOGLE INC    
    J P MORGAN CHASE & CO 138,041 161,179
    LINCOLN NATL CORP 159,616 166,160
    PROCTER & GAMBLE CO 152,134 155,564
    QUALCOMM INC    
    BARCLAYS PLC A D R 97,203 79,380
    BUNGE LIMITED    
    HSBC HOLDINGS PLC 96,175 76,335
    NIPPON TELEGRAPH TELE A D R    
    NOVARTIS AG A D R 79,844 84,749
    ROCHE HLDG LTD SPONS ADR 135,259 136,605
    SCHLUMBERGER LTD 140,914 114,599
    TEVA PHARMACEUTICAL INDS LTD 149,992 177,162
    VODAFONE GROUP PLC A D R 158,218 140,041
    AMERICA MOVIL A D R    
    B G GROUP P L C A D R    
    REPSOL S A SPNS A D R    
    TAIWAN SEMICONDUCTOR A D R    
    WPP PLC SPONS A D R 89,818 103,840
    ELECTRONIC ARTS 83,109 203,755
    EXPEDIA INC 105,380 174,766
    QUANTA SVCS INC    
    SUNTRUST BKS INC 109,539 132,076
    HITACHI LTD    
    ABERDEEN FDS EMRGN MKT INSTL    
    LINKEDIN CORPORTION 168,471 172,411
    DEUTSCHE POST AG A D R 94,198 78,867
    SEVEN & I HLDGS UNSPN ADR 59,015 74,011
    SUNCOR ENERGY INC    
    EATON VANCE GLOBAL MACRO FD    
    ISHARES BARCLAYS TIPS BOND ETF    
    NUVEEN HIGH INCOME BOND FD    
    TCW EMERGING MKTS INC FD 863,939 845,822
    ALLSTATE CORP    
    CBS CORP CL B NON VOTING 175,012 153,455
    GANNETT INC    
    LOWES CO INC 86,280 156,718
    MASTERCARD INC 85,774 145,261
    POST HOLDINGS INC 170,206 225,637
    BANCO BILBAO VIZCAYA ARGEN ADR 105,821 65,625
    MITSUBISHI ESTATE LTD ADR 109,605 86,797
    XL GROUP PLC    
    NUVEEN REAL ESTATE SECS    
    ROBECO BOSTON PARTN L S RESCH 891,161 850,484
    T ROWE PRICE MID CAP GROWTH FD 446,434 453,799
    T ROWE PRICE MID CAP VALUE FD 476,102 430,529
    T ROWE PRICE SC STOCK 419,730 381,701
    VANGUARD MID CAP INDEX SIGN 244,667 266,337
    VANGUARD SMALL CAP INDEX SIGN 424,254 424,265
    CAUSEWAY EMERGING MARKETS INST 2,647,394 2,202,409
    LS OPPORTUNITY    
    SPDR DOW JONES INTERNATIONAL E    
    CHESAPEAKE ENERGY CORP    
    DOW CHEM CO 157,575 159,897
    EMC CORPORATION    
    F5 NETWORKS INC    
    HAIN CELESTIAL GROUP INC    
    SKYWORKS SOLUTIONS INC 87,400 175,096
    ACCOR SA A D R 96,218 80,814
    ACTAVIS PLC    
    AEGON N V NY REG SHR 102,830 66,407
    AIRBUS GROUP NV A D R    
    CHECK POINT SOFTWARE TECH LTD    
    DAIMLER AG    
    DENSO CORPORATION A D R 97,669 94,468
    DEUTSCHE BOERSE AG UNSPN A D R    
    GEA GROUP AG SPON A D R    
    HOLCIM LTD UNSPON A D R    
    JULIUS BAER GROUP LTD A D R 91,993 101,200
    KAO CORP A D R    
    KONINKLIJKE DSM NV ADR 93,698 72,738
    KONINKLIJKE PHILIPS NVR NY A D 104,467 80,193
    KONINKLIJKE ROYAL KPN NV SP AD 103,456 105,945
    MALLINCKRODT PLC    
    PORSCHE AUTOMOBIL HLDG SE A D    
    SECOM COMPANY LIMITED A D R 89,579 110,507
    SOCIETE GENERALE SPONS ADR 95,347 89,452
    SONY CORP A D R    
    SUMITOMO MITSUI FINL GROUP ADR 128,356 115,945
    SUNTORY BEVERAGE FOOD UADR 92,286 117,111
    TORAY INDUSTRIES INC A D R 54,526 79,034
    UNIBAIL RODAMCO SE UNSP A D R 106,819 106,335
    WEATHERFORD INTERNATIONAL PL    
    WILLIAM HILL PLC UNSPON A D R 100,262 102,327
    BAYER AG A D R    
    ENDO INTERNATIONAL PLC    
    ADIDAS AG A D R 112,672 135,828
    ALLERGAN PLC 79,828 199,063
    ALPHABET INC CL A 109,875 174,274
    ALPHABET INC CL C 125,898 207,174
    ASTRAZENECA P L C SPSP A D R 124,799 130,368
    ATOS ORIGIN SA UNSP ADR 89,734 97,851
    BAXTER INTERNATIONAL INC 130,905 132,762
    BOSTON SCIENTIFIC CORP 117,258 122,995
    C H ROBINSON WORLDWIDE INC 144,446 140,165
    CHINA MOBILE LIMITED A D R 81,873 79,425
    CIENA CORP 127,571 111,105
    CONAGRA FOODS INC 181,989 197,309
    DARDEN RESTAURANTS INC 135,022 150,190
    E TRADE FINANCIAL CORP 102,884 102,851
    EMBRAER SA A D R 113,539 105,162
    ERICSSON LM TEL SP A D R 78,010 78,418
    FOUR CORNERS PROPERTY TRUST 16,013 18,990
    GEMALTO NV SPON A D R 70,498 68,879
    GLOBAL LOGISTIC PPTYS LTD A D 114,870 82,624
    HAIN CELESTIAL GROUP INC 137,042 117,373
    INFINEON TECHNOLOGIES A G A D 79,498 91,416
    LIXIL GROUP CORP A D R 54,242 51,817
    MARKIT LTD 64,807 68,184
    NATIONAL GRID PLC SP A D R 84,485 84,839
    ON SEMICONDUCTOR CORPORATION 199,867 156,898
    PEARSON P L C A D R 74,379 68,884
    RED HAT INC 131,912 139,949
    ROYAL DUTCH SHELL PLC A D R 128,578 121,344
    SEIKO EPSON A D R 79,608 78,590
    SKY PLC SPN A D R 136,964 137,030
    SMITH NEPHEW PLC SPON A D R 83,742 85,084
    SYNGENTA A G A D R 129,706 129,905
    TEGNA INC 127,512 144,137
    TEMPUR SEALY INTERNATIONAL INC 121,065 109,918
    VIVENDI SA UNSPON ADR 58,325 48,678
    AMERICAN CENTURY REAL ESTATE F 1,304,463 1,329,642
    AQR MANAGED FUTURES STR I 1,158,907 1,085,477

    TY 2015 InvestmentsOtherSchedule2
    Name:
    PHILIP S MILLER FOUNDATION 89953500
    EIN:
    84-6290472
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    STEPSTONE PEP III CAP BAL AT COST 302,119 501,068
    COAST DIVERSIFIED FUND II AT COST 105,772 22,156

    TY 2015 OtherAssetsSchedule
    Name:
    PHILIP S MILLER FOUNDATION 89953500
    EIN:
    84-6290472
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACRRUED INCOME   10,205 10,205


    TY 2015 OtherExpensesSchedule
    Name:
    PHILIP S MILLER FOUNDATION 89953500
    EIN:
    84-6290472
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 5,676 5,676   0


    TY 2015 OtherIncreasesSchedule
    Name:
    PHILIP S MILLER FOUNDATION 89953500
    EIN:
    84-6290472
    Description Amount
    REMOVAL OF STEPSTONE PEP III GEN LIAB 87,277


    TY 2015 OtherLiabilitiesSchedule
    Name:
    PHILIP S MILLER FOUNDATION 89953500
    EIN:
    84-6290472
    Description Beginning of Year - Book Value End of Year - Book Value
    STEPSTONE PEP III GEN LIAB 94,678  


    TY 2015 TaxesSchedule
    Name:
    PHILIP S MILLER FOUNDATION 89953500
    EIN:
    84-6290472
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 18,807 18,807   0
    FEDERAL ESTIMATES - PRINCIPAL 6,444 0   0