Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
GARY AND MARY WEST FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)505 LOMAS SANTA FE DRIVE NO 230
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SOLANA BEACH, CA92075
A Employer identification number

47-0793015
B Telephone number (see instructions)

(858) 369-3160
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$125,282,166J 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) 800,670
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 6,360,392 6,360,392  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,523,918
b Gross sales price for all assets on line 6a 18,876,587
7 Capital gain net income (from Part IV, line 2)... 1,523,918
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)....... Click to see attachment 182,840 182,840 0
12 Total. Add lines 1 through 11........ 8,867,820 8,067,150 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 147,819 36,955 0 102,412
14 Other employee salaries and wages...... 459,279 183,215 0 276,065
15 Pension plans, employee benefits....... 92,703 27,069 0 61,485
16a Legal fees (attach schedule)......... Click to see attachment 48,454 0 0 47,611
b Accounting fees (attach schedule)....... Click to see attachment 41,125 32,900 0 8,225
c Other professional fees (attach schedule).... Click to see attachment 811,931 593,036 0 188,189
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 180,552 14,035 0 24,593
19 Depreciation (attach schedule) and depletion... 98,566 24,641 0
20 Occupancy.............. 202,756 50,689 0 90,018
21 Travel, conferences, and meetings....... 91,222 5,595 0 84,314
22 Printing and publications.......... 3,865 966 0 2,748
23 Other expenses (attach schedule)....... Click to see attachment 761,039 29,484 0 601,424
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,939,311 998,585 0 1,487,084
25 Contributions, gifts, grants paid....... 10,135,413 8,682,725
26 Total expenses and disbursements. Add lines 24 and 25 13,074,724 998,585 0 10,169,809
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,206,904
b Net investment income (if negative, enter -0-) 7,068,565
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............. 295,825 458,089 458,089
2 Savings and temporary cash investments......... 21,597,512 16,017,885 16,017,885
3 Accounts receivable bullet110,310
Less: allowance for doubtful accounts bullet   5,305 110,310 110,310
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.......... 44,572 36,460 36,460
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 81,919,624 Click to see attachment75,505,690 75,505,690
c Investments—corporate bonds (attach schedule)....... 2,168,597 Click to see attachment4,986,092 4,986,092
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 30,441,727 Click to see attachment25,187,901 25,187,901
14 Land, buildings, and equipment: basis bullet945,604
Less: accumulated depreciation (attach schedule) bullet140,072 309,748 Click to see attachment805,532 805,532
15 Other assets (describe bullet) Click to see attachment918,366 Click to see attachment2,174,207 Click to see attachment2,174,207
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 137,701,276 125,282,166 125,282,166
Liabilities 17 Accounts payable and accrued expenses.......... 440,803 814,392
18 Grants payable.................. 2,002,155 3,537,000
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 attachment135,058 Click to see attachment27,960
23 Total liabilities (add lines 17 through 22)......... 2,578,016 4,379,352
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 135,123,260 120,902,814
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 135,123,260 120,902,814
31 Total liabilities and net assets/fund balances (see instructions). 137,701,276 125,282,166
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
135,123,260
2
Enter amount from Part I, line 27a .....................
2
-4,206,904
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
130,916,356
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
10,013,542
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
120,902,814
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 GS ANCHORAGE P 2011-12-30 2015-09-01
b GS LIBERTY HARBOR P 2011-12-30 2015-12-01
c GS MEZZANINE P 2011-12-30 2015-10-01
d ARENA - PLASTIC P 2010-09-30 2015-09-01
e BLUE RIVER ARBITRAGE P 2008-03-03 2015-10-01
CUMBERLAND P 2008-01-02 2015-12-31
EMERGING EUROPE P 2008-06-13 2015-12-31
ETON PARK OVERSEAS FUND P 2007-08-31 2015-12-31
FORTRESS MSR P 2012-12-31 2015-12-31
GREEN COURT PARTNERS III P 2011-12-30 2015-08-01
INVESCO MORTG RECOVERY P 2009-10-31 2015-11-01
MARATHON EUROPEAN CREDIT P 2011-12-30 2015-12-31
OHA EUROPEAN P 2011-12-30 2015-10-26
OHA SCF PARALLEL P 2008-10-15 2015-03-01
PASSPORT MATERIALS P 2007-06-30 2015-07-01
SENATOR SIDECAR OFFSHORE P 2010-09-30 2015-11-01
SILVER POINT P 2010-09-30 2015-11-01
SUMMIT WATER DEVELOPMENT P 2008-04-30 2015-11-01
STARWOOD X P 2015-10-31 2015-12-31
TURNBERRY P 2007-12-03 2015-12-09
VIRGO-WALNUT P 2010-12-01 2015-06-01
XPV WATER P 2010-03-31 2015-07-01
PONDFIELD CAPITAL, LLC P 2013-07-31 2015-11-13
OAKTREE RE DEBT FUND CAYMAN P 2014-07-31 2015-12-01
BOND - INTERNATIONAL LEASE FINANCE P 2010-05-10 2015-09-15
BOND - GREAT CIRCLE P 2015-03-31 2015-12-31
PREFERRED STOCK - CONN LIGHT & POWER P 2014-12-22 2015-01-14
PREFERRED STOCK - WASHINGTON GAS & LIGHT P 2014-12-22 2015-01-13
PUBLICLY TRADED SECURITIES AND OPTIONS P   2015-12-31
EQUIPMENT DISPOSAL P 2010-04-23 2015-12-31
(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 290,823   260,830 29,993
b 31,261   28,746 2,515
c 1,191,532   1,097,603 93,929
d 103,374   103,374 0
e 1,000,000   1,078,918 -78,918
1,928,069   2,000,000 -71,931
130,511   101,832 28,679
6,633   6,450 183
182,251   106,878 75,373
176,958   176,958 0
305,973   252,728 53,245
275,724   235,298 40,426
94,322     94,322
59,319   44,214 15,105
47,947   435,149 -387,202
433,830   384,359 49,471
297,880   162,660 135,220
1,360,455   1,412,764 -52,309
4,689   4,689 0
166,004     166,004
514,970   290,410 224,560
1,050   1,050 0
144,379     144,379
207,580   178,446 29,134
1,000,000   955,000 45,000
27,465   27,465 0
180,196   128,800 51,396
180,876   130,625 50,251
8,532,516   7,709,739 822,777
    37,684 -37,684
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       29,993
b       2,515
c       93,929
d       0
e       -78,918
      -71,931
      28,679
      183
      75,373
      0
      53,245
      40,426
      94,322
      15,105
      -387,202
      49,471
      135,220
      -52,309
      0
      166,004
      224,560
      0
      144,379
      29,134
      45,000
      0
      51,396
      50,251
      822,777
      -37,684
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 1,523,918
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 3 924,424
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 26,675,168 144,477,442 0.184632
2013 19,876,702 157,746,902 0.126004
2012 24,344,608 169,056,931 0.144002
2011 23,956,756 182,067,286 0.131582
2010 28,011,825 198,292,916 0.141265
2
Total of line 1, column (d) .....................
20.727485
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
0.145497
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
127,289,606
5
Multiply line 4 by line 3......................
5
18,520,256
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
70,686
7
Add lines 5 and 6........................
7
18,590,942
8
Enter qualifying distributions from Part XII, line 4.............
8
10,169,809
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 1 141,371
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........................... 3 141,371
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- ..... 5 141,371
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 123,832
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 18,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 141,832
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 17
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 10 444
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet444 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)
    bulletCA, NE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GMWF.ORG
    14
    The books are in care ofbulletSHELLEY LYFORD Telephone no.bullet (760) 602-0195

    Located atbullet505 LOMAS SANTA FE DRIVE 230SOLANA BEACHCA ZIP+4bullet92075
    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
    Yes
     
    .........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). Click to see attachment
    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
    GARY L WEST CO-CHAIRMAN
    2.00     		0 0 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    MARY E WEST CO-CHAIRMAN
    2.00     		0 0 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    ROLAND J SANTONI MANAGING DIRECTOR
    2.00     		0 0 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    SHELLEY LYFORD PRESIDENT & CEO & TREASURER
    24.00     		147,819 8,000 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    DENNIS M O'BRIEN DIRECTOR & SECRETARY
    2.00     		0 0 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    MARC HARPER DIRECTOR
    2.00     		0 0 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    DR JOE SMITH CMO
    5.00     		0 0 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    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
    MONA CHAHAL DICKERSON DIRECTOR OF ACCOUNTI
    40.00     		154,394 12,352 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    GERALDINE BRANDT STAFF ACCOUNTANT
    40.00     		110,650 8,852 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    VYAN NGUYEN PROGRAM OFFICER
    30.00     		78,750 6,300 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    LEXY HARSHMAN PROGRAM ASSOCIATE
    40.00     		73,645 1,083 0
    505 LOMAS SANTA FE DRIVE SUITE 230
    SOLANA BEACH,CA92075
    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
    WEST FAMILY INVESTMENTS INC INVESTMENT MANAGEMENT 687,316
    1603 ORRINGTON SUITE 810
    EVANSTON,IL60201
    TELEOMED LABS CORP RESEARCH PROJECT 336,738
    2902 CANYON RD
    BURLINGAME,CA94010
    WEST MANAGEMENT COMPANY INC PROFESSIONAL AND MANAGERIAL SERVICES 247,293
    15 EMBARCADERO COVE
    OAKLAND,CA94606
    MATHEMATICA POLICY RESEARCH INC RESEARCH PROJECT 123,112
    PO BOX 2393
    PRINCETON,NJ08543
    KAREN BACERRA DDS DENTAL PROJECT 117,500
    1525 4TH AVE
    SAN DIEGO,CA92101
    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 A MULTI-DIMENSIONAL RESEARCH PROJECT TO: 1) CREATE A MODEL FOR CARE COORDINATION AT A LOW-INCOME SENIOR WELLNESS CENTER BETWEEN VARIOUS CO-LOCATED NON-PROFITS AND PRIMARY CARE PHYSICIANS; 2) USE THE COORDINATED SYSTEM TO RESEARCH IMPACT OF PARTICIPATING SERVICES ON THE HEALTH OUTCOMES ON SENIORS, 3) FINDINGS MAY BE USED TO REPLICATE SIMILAR SERVICE MODELS IN OTHER COMMUNITIES. 334,625
    2 AN INITIAL RESEARCH STUDY TO EVALUATE CO-LOCATED, MULTI-DIMENSIONAL SENIOR SERVICES ON HEALTH CARE UTILIZATION AND COSTS. 123,763
    3 RESEARCH PROJECT TO ASSESS THE SENIOR ORAL HEALTHCARE LANDSCAPE IN ORDER TO TARGET FUNDING AND POLICY PRIORITIES. 35,010
    4 EDUCATIONAL EVENTS AT SENIOR WELLNESS CENTER. 4,953
    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
    112,040,353
    b
    Average of monthly cash balances.......................
    1b
    14,055,962
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,131,711
    d
    Total (add lines 1a, b, and c).........................
    1d
    129,228,026
    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
    129,228,026
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,938,420
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    127,289,606
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,364,480
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    6,364,480
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    141,371
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    141,371
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,223,109
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,223,109
    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
    6,223,109
    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
    10,169,809
    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
    10,169,809
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    10,169,809
    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 6,223,109
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 18,238,481
    b From 2011...... 15,081,824
    c From 2012...... 16,091,591
    d From 2013...... 12,115,073
    e From 2014...... 19,573,324
    fTotal of lines 3a through e........ 81,100,293
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 10,169,809
    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..... 6,223,109
    e Remaining amount distributed out of corpus 3,946,700
    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 85,046,993
    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) ...     		18,238,481
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		66,808,512
    10 Analysis of line 9:
    a Excess from 2011.... 15,081,824
    b Excess from 2012.... 16,091,591
    c Excess from 2013.... 12,115,073
    d Excess from 2014.... 19,573,324
    e Excess from 2015.... 3,946,700
    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).)
    GARY L WEST
    MARY E WEST
    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.
    GARY L WEST
    MARY E WEST
    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
    CANINE COMPANIONS FOR INDEPENDENCE
    124 RANCHO DEL ORO DRIVE
    OCEANSIDE,CA92057     		NONE PC TO SUPPORT THE DEVELOPMENT AND EXPANSION OF THE MILITARY VETERANS PROJECT. 50,000
    CENTER FOR MEDICAL INTEROPERABILITY
    618 CHURCH STREET 220
    NASHVILLE,TN37219     		NONE PC TO SUPPORT THE START-UP OF THE CENTER FOR MEDICAL INTEROPERABILITY. 1,509,835
    CHALLENGE CENTER
    5540 LAKE PARK WAY
    LA MESA,CA91942     		NONE PC TO SUPPORT THE CAPACITY BUILDING PROJECT. 20,000
    CHALLENGE CENTER
    5540 LAKE PARK WAY
    LA MESA,CA91942     		NONE PC TO SUPPORT THE HEALTH, WELLNESS, AND INDEPENDENCE PROGRAM FOR SENIORS. 25,000
    CREIGHTON UNIVERSITY
    PO BOX 30282
    OMAHA,NE68103     		NONE PC TO SUPPORT GENERAL OPERATIONS. 10,000
    CREIGHTON UNIVERSITY
    PO BOX 30282
    OMAHA,NE68103     		NONE PC TO SUPPORT GENERAL OPERATIONS. 5,000
    FIRST RESPONDERS FOUNDATION
    14916 MIAMI STREET
    OMAHA,NE68116     		NONE PC TO SUPPORT THE REPLACEMENT OF TWO RETIRING K9 UNITS IN THE OMAHA POLICE DEPARTMENT AND AN OBSTACLE COURSE FOR THE GARY AND MARY WEST REGIONAL CANINE TRAINING FACILITY. 38,000
    GARY AND MARY WEST HEALTH POLICY CENTER INC
    1909 K STREET NW SUITE 730
    WASHINGTON,DC20006     		NONE POF TO SUPPORT THE EXPENSES THE WEST HEALTH POLICY CENTER INCURS IN CARRYING OUT ITS CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. 3,885,878
    GARY AND MARY WEST SENIOR DENTAL CENTER INC
    1525 4TH AVENUE
    SAN DIEGO,CA92101     		NONE PC GENERAL OPERATING GRANT FOR START-UP OF THE GARY AND MARY WEST SENIOR DENTAL CENTER, INC. 292,189
    GARY AND MARY WEST SENIOR DENTAL CENTER INC
    1525 4TH AVENUE
    SAN DIEGO,CA92101     		NONE PC CAPITAL GRANT FOR THE PURCHASE OF DENTAL RELATED EQUIPMENT FOR THE GARY AND MARY WEST SENIOR DENTAL CENTER, INC. 377,015
    GARY AND MARY WEST SENIOR DENTAL CENTER INC
    1525 4TH AVENUE
    SAN DIEGO,CA92101     		NONE PC TO SUPPORT START UP ACTIVITIES. 231,256
    GIFFORD MEDICAL CENTER INC
    PO BOX 2000
    RANDOLPH,VT05060     		NONE PC TO SUPPORT THE ASSISTED LIVING CAPITAL PROJECT IN THE RANDOLPH CENTER. 10,000
    HOME INSTEAD SENIOR CARE FOUNDATION
    13323 CALIFORNIA STREET
    OMAHA,NE68154     		NONE PC TO SUPPORT THE GIVING TUESDAY CAMPAIGN. 5,000
    INTERCULTURAL SENIOR CENTER
    3010 R STREET
    OMAHA,NE68107     		NONE PC TO SUPPORT A CHALLENGE GRANT FOR ISC'S PROGRAM DIRECTOR/SOCIAL WORKER POSITION. 15,000
    INVEST FOR KIDS INC
    875 NORTH MICHIGAN AVENUE SUITE
    3400
    CHICAGO,IL60611     		NONE PC TO SUPPORT GENERAL OPERATIONS. 1,000
    JEWISH NATIONAL FUND
    60 REVERE DRIVE 840
    NORTHBROOK,IL60062     		NONE PC TO SUPPORT GENERAL OPERATIONS. 1,000
    JEWISH UNITED FUND OF METROPOLITAN CHICAGO
    30 S WELLS STREET
    CHICAGO,IL60606     		NONE PC TO SUPPORT GENERAL OPERATIONS. 3,000
    LEGAL AID SOCIETY OF SAN DIEGO INC
    110 SOUTH EUCLID AVENUE
    SAN DIEGO,CA92114     		NONE PC TO SUPPORT THE HEALTH ADVOCACY PROJECT AND CYBER CAFE AT THE GARY AND MARY WEST SENIOR WELLNESS CENTER. 286,000
    LEGAL AID SOCIETY OF SAN DIEGO INC
    110 SOUTH EUCLID AVENUE
    SAN DIEGO,CA92114     		NONE PC TO SUPPORT THE REPLACEMENT OF COMPUTERS IN THE CYBER CAFE (COMPUTER LAB) AT THE GARY AND MARY WEST SENIOR WELLNESS CENTER. 15,866
    LONG-TERM QUALITY ALLIANCE
    1233 20TH STREET NW SUITE 303
    WASHINGTON,DC20036     		NONE PC TO SUPPORT A MATCHING GRANT ADVANCING PERSON-CENTERED INTEGRATION OF LONG TERM SUPPORT SERVICES AND HEALTH CARE. 200,000
    MEALS ON WHEELS ASSOCIATION OF AMERICA
    1550 CRYSTAL DRIVE SUITE 1004
    ARLINGTON,VA22202     		NONE PC TO SUPPORT THE MORE THAN A MEAL PHASE II - MEDICARE CLAIMS ANALYSIS STUDY. 100,000
    MERRYMAKERS ASSOCIATION
    12020 SHAMROCK PLAZA SUITE 200
    OMAHA,NE68154     		NONE PC TO SUPPORT THE SENIOR MUSIC PROJECT. 10,000
    NETWORK FOR GOOD
    1140 CONNECTICUT AVENUE NW 700
    WASHINGTON,DC20036     		NONE PC TO SUPPORT GENERAL OPERATIONS. 250
    NORTH COUNTY TRADE TECH HIGH SCHOOL
    1126 N MELROSE DRIVE
    VISTA,CA92083     		NONE PC SCIENTIFIC & COMPUTER EQUIPMENT DONATED TO NORTH COUNTY TRADE TECH HIGH. 10,314
    OMAHA COMMUNITY FOUNDATION
    302 SOUTH 36TH STREET SUITE 100
    OMAHA,NE68131     		NONE POF TO SUPPORT GENERAL OPERATIONS. 2,500
    OMAHA COMMUNITY FOUNDATION
    302 SOUTH 36TH STREET SUITE 100
    OMAHA,NE68131     		NONE POF TO SUPPORT GENERAL OPERATIONS. 5,000
    OMAHA COMMUNITY FOUNDATION
    302 SOUTH 36TH STREET SUITE 100
    OMAHA,NE68131     		NONE POF TO SUPPORT GENERAL OPERATIONS. 7,500
    OMAHA COMMUNITY FOUNDATION
    302 SOUTH 36TH STREET SUITE 100
    OMAHA,NE68131     		NONE PC TO SUPPORT GENERAL OPERATIONS. 1,000
    PAWS'ITIVE TEAMS
    7031 CARROLL ROAD
    SAN DIEGO,CA92121     		NONE PC TO SUPPORT THE EXECUTIVE DIRECTOR'S SALARY. 25,000
    PLAYWRIGHTS PROJECT
    3675 RUFFIN ROAD
    SAN DIEGO,CA92123     		NONE PC TO SUPPORT GENERAL OPERATIONS. 5,000
    REBUILDING TOGETHER OMAHA
    2316 SOUTH 24TH STREET
    OMAHA,NE68108     		NONE PC TO SUPPORT THE NEW EXECUTIVE DIRECTOR AND THE DEVELOPMENT OF AN EFFECTIVE FUNDRAISING PROGRAM. 75,000
    REBUILDING TOGETHER OMAHA
    2316 SOUTH 24TH STREET
    OMAHA,NE68108     		NONE PC TO SUPPORT THE HEALTHY AT HOME AND ROOF AND REPAIR PROGRAMS. 50,000
    SAN DIEGO PUBLIC LIBRARY FOUNDATION
    395 11TH AVENUE
    SAN DIEGO,CA92101     		NONE PC SCIENTIFIC & COMPUTER EQUIPMENT DONATED TO E3 CIVIC HIGH. 12,862
    SAN DIEGO REGIONAL ECONOMIC DEVELOPMENT FOUNDATION
    530 B STREET 7TH FLOOR
    SAN DIEGO,CA92101     		NONE PC TO SUPPORT THE RESEARCH INSTITUTIONS STUDY. 25,000
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC TO SUPPORT A SIX MONTH CAPACITY BUILDING GRANT FOR PHASE II OF THE COORDINATED CARE INITIATIVE. 80,375
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC CHALLENGE GRANT TO SUPPLEMENT THE GENERAL OPERATING GRANT FOR FY 2016. 200,000
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC TO SUPPORT GENERAL OPERATIONS FOR FY16 AT THE GARY AND MARY WEST SENIOR WELLNESS CENTER. 209,500
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC TO SUPPORT DESIGN AND CONSULTING TO ADVANCE THE DEVELOPMENT OF A DENTAL CLINIC AT GARY AND MARY WEST SENIOR WELLNESS CENTER. 5,000
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC CAPITAL GRANT FOR THE CONSTRUCTION AND TENANT IMPROVEMENT OF THE GARY AND MARY WEST SENIOR WELLNESS CENTER FOR THE LAUNCHING OF THE GARY AND MARY WEST SENIOR DENTAL CENTER, INC. 525,000
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC TO SUPPORT THE CARE COORDINATOR POSITION. 37,500
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC GARY AND MARY WEST SENIOR WELLNESS CENTER FY15 GENERAL OPERATING SUPPORT. 112,500
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC CHALLENGE GRANT TO SUPPLEMENT THE GENERAL OPERATING GRANT FOR FY 2015. 99,445
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC TO SUPPORT A MATCHING GRANT FOR HIDDEN HUNGRY CAMPAIGN TO BENEFIT SERVING SENIORS. 5,245
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC TO SUPPORT MEDIA UPGRADES TO IMPROVE THE AUDIO AND VISUAL EXPERIENCE IN THE DINING ROOM, GATHERING SPACE, AND LIFE LONG LEARNING ROOM AT THE GARY AND MARY WEST SENIOR WELLNESS CENTER. 19,590
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC FURNITURE DONATION TO SERVING SENIORS. 12,060
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC HEALTH SCREENING SUPPLIES DONATED TO SERVING SENIORS. 11,045
    UNIVERSITY OF ILLINOIS FOUNDATION
    515 EAST GREGORY DRIVE
    CHAMPAIGN,IL61820     		NONE PC TO SUPPORT GENERAL OPERATIONS OF THE UNIVERSITY OF ILLINOIS COLLEGE OF BUSINESS. 10,000
    VOLUNTEERS ASSISTING SENIORS
    1941 SOUTH 42ND STREET SUITE 312
    OMAHA,NE68105     		NONE PC TO SUPPORT THE MEDICARE COUNSELING, PROPERTY TAX RELIEF, AND GUARDIAN & CONSERVATOR TRAINING PROGRAMS. 20,000
    YMCA OF GREATER OMAHA
    430 SOUTH 20TH STREET
    OMAHA,NE68102     		NONE PC TO SUPPORT THE MEDICALLY BASED WELLNESS PROGRAMS FOR SENIORS. 25,000
    Total .................................bullet 3a 8,682,725
    bApproved for future payment
    CHALLENGE CENTER
    5540 LAKE PARK WAY
    LA MESA,CA91942     		NONE PC TO SUPPORT THE HEALTH, WELLNESS, AND INDEPENDENCE PROGRAM FOR SENIORS. 25,000
    ELDERHELP OF SAN DIEGO
    3860 CALLE FORTUNADA 101
    SAN DIEGO,CA92123     		NONE PC TO SUPPORT STRATEGIC PLANNING AND CAPACITY BUILDING. 15,000
    LEGAL AID SOCIETY OF SAN DIEGO INC
    110 SOUTH EUCLID AVENUE
    SAN DIEGO,CA92114     		NONE PC TO SUPPORT THE HEALTH ADVOCACY PROJECT AND CYBER CAFE AT THE GARY AND MARY WEST SENIOR WELLNESS CENTER. 100,000
    MEALS ON WHEELS ASSOCIATION OF AMERICA
    1550 CRYSTAL DRIVE SUITE 1004
    ARLINGTON,VA22202     		NONE PC TO SUPPORT THE MORE THAN A MEAL PHASE II MEDICARE CLAIMS ANALYSIS STUDY. 100,000
    REBUILDING TOGETHER OMAHA
    2316 SOUTH 24TH STREET
    OMAHA,NE68108     		NONE PC TO SUPPORT THE HEALTHY AT HOME AND ROOF AND REPAIR PROGRAMS. 50,000
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC TO SUPPORT GENERAL OPERATIONS FOR FY16 AT THE GARY AND MARY WEST SENIOR WELLNESS CENTER. 209,500
    SERVING SENIORS
    525 14TH STREET SUITE 200
    SAN DIEGO,CA92101     		NONE PC TO SUPPORT THE CARE COORDINATOR POSITION. 37,500
    UC SAN DIEGO FOUNDATION
    9800 GILMAN DRIVE
    LA JOLLA,CA92093     		NONE PC TO SUPPORT THE THE BUILDING OF THE GARY AND MARY WEST SENIOR EMERGENCY DEPARTMENT AT UC SAN DIEGO HEALTH, LA JOLLA. 3,000,000
    Total .................................bullet 3b 3,537,000
    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 6,360,392  
    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.....     14 182,840  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 1,523,918  
    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 8,067,150 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    138,067,150
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    GARY AND MARY WEST FOUNDATION
     
    Employer identification number

    47-0793015
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    GARY AND MARY WEST FOUNDATION
          		Employer identification number
    47-0793015
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    WEST FAMILY HOLDINGS LLC  
    5796 ARMADA DRIVE SUITE 300
     
    CARLSBAD, CA92008

    		$ 35,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    GARY L WEST 2013 DE TRUST  
    5796 ARMADA DRIVE SUITE 300
     
    CARLSBAD, CA92008

    		$ 353,804


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    MARY E WEST 2013 DE TRUST  
    5796 ARMADA DRIVE SUITE 300
     
    CARLSBAD, CA92008

    		$ 353,804


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    WEST DEVELOPMENT LLC
     

       
    5796 ARMADA DRIVE SUITE 300
     
    CARLSBAD, CA92008

    		$ 11,920


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    WEST HEALTH INSTITUTE
     

       
    10350 N TORREY PINES RD
     
    LA JOLLA, CA92037

    		$ 34,222


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    WEST DEVELOPMENT LLC
     

       
    5796 ARMADA DRIVE SUITE 300
     
    CARLSBAD, CA92008

    		$ 11,920


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    GARY AND MARY WEST FOUNDATION
          		Employer identification number

    47-0793015
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 FREE RENT FOR MAY. $ 11,920 2015-05-31
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    5
    		 DONATED MISCELLANEOUS EQUIPMENT $ 34,222 2015-12-31
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    6
    		 FREE RENT FOR JUNE. $ 11,920 2015-06-30
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    GARY AND MARY WEST FOUNDATION
          		Employer identification number

    47-0793015
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 41,125 32,900 0 8,225

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

    TY 2015 ExpenditureResponsibilityStmt
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    GARY AND MARY WEST HEALTH POLICY CENTER INC (EIN 27-5388874)
          		1909 K STREET NW SUITE 730
    WASHINGTON,DC20006     		2015-01-27 3,803,721 TO SUPPORT THE GARY AND MARY WEST HEALTH POLICY CENTER (THE "POLICY CENTER") IN CARRYING OUT ITS CHARITABLE PURPOSES RELATED TO RESEARCH OBJECTIVES IN THE AREAS OF MEDICARE REFORM AND VALUE-BASED INSURANCE DESIGN. THE AMOUNT EXPENDED BY THE POLICY CENTER IN 2015 WAS $3,803,721. THE AMOUNT DISTRIBUTED BY THE GARY AND MARY WEST FOUNDATION WAS $3,885,878. THE ADDITIONAL $82,157 OF FUNDS DISTRIBUTED BY THE GARY AND MARY WEST FOUNDATION WAS IN EXCESS OF NECESSARY FUNDS AND WAS RETURNED TO THE FOUNDATION IN 2016. 3,803,721 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. MIDTERM 07/30/2015, FINAL 01/28/16. MONTHLY EXPENSE REPORTS RECEIVED.   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

    TY 2015 GeneralExplanationAttachment
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Identifier Return Reference Explanation
      FORM 990-PF; PART VII-B; QUESTION 1A(4) WEST FAMILY INVESTMENTS, INC. PROVIDED INVESTMENT MANAGEMENT SERVICES TO THE GARY AND MARY WEST FOUNDATION DURING 2015 FOR A MARKET BASED FEE. WEST FAMILY INVESTMENTS, INC. IS MAJORITY OWNED BY GARY AND MARY WEST, SUBSTANTIAL CONTRIBUTORS TO THE FOUNDATION. THIS IS EXCEPTED FROM SELF-DEALING BY IRC SECTION 4941(D).WEST DEVELOPMENT, LLC PROVIDED PROFESSIONAL INFORMATION TECHNOLOGY SERVICES TO THE GARY AND MARY WEST FOUNDATION DURING 2015 FOR A MARKET BASED FEE. WEST FAMILY HOLDINGS, LLC IS THE SOLE MEMBER OF WEST DEVELOPMENT, LLC. THE TWO MEMBERS OF WEST FAMILY HOLDINGS, LLC ARE THE GARY L. WEST 2010 REVOCABLE LIVING TRUST AND THE MARY E. WEST 2010 REVOCABLE LIVING TRUST. BOTH MEMBERS OWN 50% OF WEST FAMILY HOLDINGS, LLC. THIS IS EXCEPTED FROM SELF-DEALING BY IRC SECTION 4941(D).THROUGH JUNE 2015, THE FOUNDATION'S AND WEST DEVELOPMENT'S OFFICES WERE CO-LOCATED FOR UTILITIES AND CONNECTIVITY SERVICES. DURING 2015 AND 2014, THE FOUNDATION BILLED WEST DEVELOPMENT ON A PRO-RATA BASIS FOR ITS SHARE OF THE UTILITIES AND CONNECTIVITY SERVICES WHICH TOTALED $37,409 AND $65,640, RESPECTIVELY. AS OF DECEMBER 31, 2015 AND 2014, $23,375 AND $703 WERE OUTSTANDING IN ACCOUNTS PAYABLE AND ACCRUED EXPENSES, RESPECTIVELY, AND $1,843 AND $5,131 WERE OUTSTANDING IN RECEIVABLES, RESPECTIVELY. IN 2015, THE FOUNDATION RECEIVED TWO MONTHS OF FREE RENT FROM WEST DEVELOPMENT WITH A FAIR VALUE TOTALING $23,840. THIS AMOUNT IS INCLUDED IN CONTRIBUTION INCOME AND FACILITIES AND EQUIPMENT EXPENSE IN THE STATEMENT OF ACTIVITIES. THIS IS EXCEPTED FROM SELF-DEALING BY IRC SECTION 4941(D).
      PART XV QUESTION 1B GARY WEST AND MARY WEST COLLECTIVELY OWN 10% OR MORE OF PASSIVE INVESTMENT PARTNERSHIPS.

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ACCRUED INTEREST INCOME 170,117 170,117
    GREAT CIRCLE TERM LOAN 1,072,327 1,072,327
    INTERNATIONAL LEASE FINANCE CORPORATION 09/15/2015 SR LIEN 8.625% 05/04/11 0 0
    REDDY ICE CORP TERM LOAN 323,913 323,913
    SEADRILL LTD STEP 9/15/17 LIEN 6.125% 243,483 243,483
    THORNBURG MORTGAGE, INC. 18.0% 03/31/2015 SER PVT 144A SUB LIEN 1 1
    THORNBURG MORTGAGE, INC. 18.0% 03/31/2015 USD PVT 144A SUB LIEN 12 12
    TRANSATLANTIC PETE LTD RT 13% 1,683,000 1,683,000
    WPX ENERGY INC. 8.25% SR LEIN 763,563 763,563
    ZAIS FINANCIAL CORP 144A 8% 11/15/2016 CONV MN 729,676 729,676

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACACIA MINING CMN 388,522 388,522
    AMERICAN CAPITAL AGENCY CORP. CMN 454,308 454,308
    ANNALY CAPITAL MANAGEMENT, INC. CMN 2,985,692 2,985,692
    APOLLO COML REAL EST FIN, INC. CMN 1,706,235 1,706,235
    APOLLO INVESTMENT CORPORATION MUTUAL FUND 343,476 343,476
    BANCO LATINOAMERICANO EXPORT CMN CLASS E 2,856,034 2,856,034
    BROOKDALE SENIOR LIVING, INC. CMN 3,989,963 3,989,963
    CHIMERA INVESTMENT CORPORATION CMN 11,565,697 11,565,697
    CHINA FLAVORS & FRAGRANCES COMPANY LTD CMN 0 0
    CISCO SYSTEMS, INC. CMN 2,715,500 2,715,500
    COMCAST CORPORATION CMN CLASS A NON VOTING 3,385,800 3,385,800
    CONN LT & PWR SER 1949 PFD STK CALL 03/01/90 @50.50 0 0
    CYS INVESTMENTS, INC. CMN 2,282,762 2,282,762
    ELLINGTON RESIDENTIAL MORT. REIT CMN 17,698 17,698
    EMC CORPORATION MASS CMN 1,027,200 1,027,200
    ENERGY TRANSFER PARTNERS, LP CMN 119,640 119,640
    EPR PROPERTIES CMN 128,590 128,590
    ESSENT GROUP LTD. CMN 0 0
    EXCHANGE BK SANTA ROSA CALIF CMN 595,584 595,584
    EXELON CORPORATION CMN 499,860 499,860
    FIDUS INVESTMENT CORPORATION CMN 846,247 846,247
    FS INVT CORP MUTUAL FUND 189,689 189,689
    GENERAL ELECTRIC CO. CMN 655,614 655,614
    GENERAL GROWTH PROPERTIES, INC. CMN 380,233 380,233
    GENERAL MOTORS COMPANY CMN 856,304 856,304
    GOLDMAN SACHS BDC, INC. CLOSED ENDED FUND 988,000 988,000
    GOLDMAN SACHS GROUP, INC. CMN 3,424,370 3,424,370
    HERCULES CAPITAL, INC. 251,114 251,114
    HOME LN SERVICING SOLUTIONS LT. CMN 0 0
    HORIZON TECHNOLOGY FINANCE CORPORATION CMN 350,481 350,481
    INTREPID POTASH, INC. CMN 5,310 5,310
    INVESCO MORTGAGE CAPITAL, INC. CMN 208,833 208,833
    ISTAR FINANCIAL INC. PFD 7.5% SERIES I CALLABLE 3/1/09 169,682 169,682
    ISTAR FINANCIAL INC. PFD USD 1.9500(7.80%) SERIES F 94,710 94,710
    KBR, INC. CMN 50,760 50,760
    KINDER MORGAN INC CMN CLASS P 41,776 41,776
    KRAFT FOODS GROUP, INC. CMN 0 0
    KRAFT HEINZ CO CMN 12,078 12,078
    LEVEL 3 COMMUNICATIONS, INC. CMN 9,631,070 9,631,070
    MEDLEY CAPITAL CORPORATION CMN 612,624 612,624
    MFA FINANCIAL, INC. CMN 1,922,712 1,922,712
    MONDELEZ INTERNATIONAL, INC. CMN 896,800 896,800
    MOTORS LIQUIDATION COMPANY GUC TRUST 36,841 36,841
    MVC CAPITAL, INC. CLOSED END FUND 755,506 755,506
    NEW MEDIA INVESTMENT GROUP, INC. CMN 16,852 16,852
    NEW MOUNTAIN FINANCE CORP. CMN 1,775,941 1,775,941
    NEW RESIDENTIAL INVESTMENT CORP. CMN 194,560 194,560
    NEW SENIOR INVESTMENT GRP, INC. CMN 19,720 19,720
    NEWCASTLE INVESTMENT CORPORATION CMN 8,160 8,160
    NEWTEK BUSINESS SVCS CORPORATION CMN 642,556 642,556
    NSTAR ELEC CO PFD 4.25% 705,000 705,000
    NSTAR ELECTRIC COMPANY PFD USD4.2500(4.25%) 0 0
    PENNANTPARK FLOATING RATE CAT LTD 609,401 609,401
    PENNANTPARK INVESTMENT CORP. MUTUAL FUND 1,077,885 1,077,885
    PETROLEO BRASILEIRO S.A. - PETROBRAS SPONSORED ADR CMN 0 0
    PFIZER, INC. CMN 2,271,608 2,271,608
    REDDY ICE HOLDINGS, INC. CMN 24,044 24,044
    REDDY ICE HOLDINGS, INC. CONV PFD USD0.0000 CLASS A 39,569 39,569
    REGENCY ENERGY PARTNERS, LP CMN LTD PARTNER INTERESTS 0 0
    SANDRIDGE ENERGY, INC. CMN 0 0
    SIERRA METALS, INC. CMN 215,967 215,967
    SILVER BAY REALTY TRUST CORP. CMN 78,519 78,519
    SO.CALIF.EDISON 4.24% PFD 564,000 564,000
    SOLAR CAPITAL LTD. CMN 1,717,707 1,717,707
    SOLAR SENIOR CAPITAL LTD. CMN 1,089,011 1,089,011
    STARWOOD PROPERTY TRUST INC. CMN 1,079,441 1,079,441
    STARWOOD WAYPOINT RESIDENTIAL TRUST CMN 126,558 126,558
    SYNCHRONY FINANCIAL CMN 1,123,558 1,123,558
    TCP CAP CORP 593,195 593,195
    TETRAGON FINANCIAL GROUP LTD. CMN 605,392 605,392
    THL CREDIT INC CMN 644,611 644,611
    TOTAL SA SPONSORED ADR CMN 62,930 62,930
    TRANSATLANTIC PETROLEUM LTD. CMN 76,128 76,128
    TRANSOCEAN LTD. CMN 205,508 205,508
    TRAVELCENTERS OF AMERICA, LLC CMN 0 0
    TWO HARBORS INVESTMENT CORP. CMN 1,197,269 1,197,269
    URANIUM PARTICIPATION CORPORATION CMN 0 0
    VALE SA ADR 14,805 14,805
    WASHINGTON GAS LT CO PFD USD4.2500(4.25%) 0 0
    ZAIS FINL CORP. CMN 62,642 62,642
    ZIMMER HLDGS, INC. CMN 205,180 205,180
    ZOETIS, INC. CMN CLASS A 1,014,658 1,014,658

    TY 2015 InvestmentsOtherSchedule2
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARENA-PLASTIC VENTURES FMV 933,225 933,225
    ARIAS RESOURCE CAPITAL FMV 368,590 368,590
    BLUE RIVER ARBITRAGE FMV 2,718,394 2,718,394
    CONATUS CAPITAL OVERSEAS FMV 1,681,668 1,681,668
    CUMBERLAND BENCHMARKED FMV 0 0
    DIALECTIC ANTITHESIS OFF FMV 639,215 639,215
    EMERGING EUROPE FMV 672,044 672,044
    EQUITY AND INDEX OPTION CONTRACTS FMV 0 0
    ETON PARK OVERSEAS FUND FMV 2,688,800 2,688,800
    FORTRESS LIFE SETTLEMENTS FMV 518,789 518,789
    FORTRESS MSR FMV 746,660 746,660
    GCP FUND III REIT & CORP FMV 3,762,267 3,762,267
    GCP FUND IV REIT FMV 103,215 103,215
    GLOBAL PARTNERS FMV 1,726,510 1,726,510
    GS ANCHORAGE FMV 97,034 97,034
    GS LIBERTY HARBOR FMV 237 237
    GS MEZZANINE FMV 453,549 453,549
    INVESCO MORTG RECOVERY FMV 446,711 446,711
    L&B ONSHORE FUND FMV 533,660 533,660
    MARATHON EUROPEAN CREDIT FMV 337,090 337,090
    OAKTREE RE DEBT FUND CAYMAN FMV 151,178 151,178
    OHA EUROPEAN SCF OFFSHORE FMV 653,642 653,642
    OHA SCF PARALLEL FMV 756,433 756,433
    PASSPORT MATERIAL FMV 10,410 10,410
    PONDFIELD CAPITAL, LLC FMV 2,020,282 2,020,282
    SENATOR SIDECAR OFFSHORE FMV 29,287 29,287
    SILVER POINT FMV 0 0
    SKELLIG OFFSHORE FMV 54,590 54,590
    STARWOOD OPPORTUNITY FUND FMV 143,034 143,034
    SUMMIT WATER DEVELOPMENT FMV 805,028 805,028
    SUTHERLAND ASSET MANAGEMENT CORPORATION CMN REIT FMV 537,500 537,500
    VIRGO-WALNUT FMV 553,436 553,436
    WTS/GENERAL MOTORS COMPANY 10.0000 EXP 07/10/2016 FMV 6,534 6,534
    WTS/GENERAL MOTORS COMPANY 18.3300 EXP 07/10/2019 FMV 4,384 4,384
    XPV WATER FUND FMV 1,034,505 1,034,505

    TY 2015 LandEtcSchedule2
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE & EQUIPMENT 274,775 35,699 239,076 239,076
    COMPUTER EQUIPMENT 137,622 61,151 76,471 76,471
    LEASEHOLD IMPROVEMENTS 533,207 43,222 489,985 489,985


    TY 2015 LegalFeesSchedule
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 48,454 0 0 47,611


    TY 2015 OtherAssetsSchedule
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 25,991 15,096 15,096
    INTEREST RECEIVABLE 41,932 190,495 190,495
    DIVIDENDS RECEIVABLE 824,287 950,912 950,912
    PARTNERSHIP DISTRIBUTION RECEIVABLE 29,200 1,022,908 1,022,908
    STARWOOD OPPORTUNITY FUND X -3,044 0 0
    ELM PARK CREDIT OPP FUND II 0 -5,204 -5,204


    TY 2015 OtherDecreasesSchedule
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 10,013,535
    UNREALIZED LOSS ON FOREIGN CURRENCY 7


    TY 2015 OtherExpensesSchedule
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANTEE PROJECT EXPENSES 627,474 0 0 498,351
    COMPUTER EXPENSE 45,026 11,256 0 35,056
    DUES & SUBSCRIPTIONS 23,785 0 0 24,598
    INSURANCE 18,094 6,562 0 12,220
    TELEPHONE 13,494 3,374 0 6,056
    SUPPLIES 13,471 3,368 0 9,870
    IT SUPPORT 6,901 1,725 0 5,879
    FEES 3,901 975 0 2,477
    MINOR FURNITURE & EQUIPMENT 4,691 1,173 0 3,518
    POSTAGE 2,108 527 0 1,668
    MISCELLANEOUS EXPENSES 2,094 524 0 1,731


    TY 2015 OtherIncomeSchedule2
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 185,730 185,730 0
    LEGAL SETTLEMENT INCOME 15,348 15,348 0
    FOREIGN CURRENCY LOSS -18,238 -18,238 0


    TY 2015 OtherLiabilitiesSchedule
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Description Beginning of Year - Book Value End of Year - Book Value
    LIABILITIES UNDER OPTION CONTRACTS 135,058 27,960


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 579,446 579,446 0 0
    PROFESSIONAL AND MANAGERIAL SERVICES 232,485 13,590 0 188,189


    TY 2015 TaxesSchedule
    Name:
    GARY AND MARY WEST FOUNDATION
    EIN:
    47-0793015
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 141,338 0 0 0
    PAYROLL TAXES 37,552 13,619 0 23,347
    USE TAX 194 49 0 145
    OTHER TAXES 1,468 367 0 1,101