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
EARLE & VIRGINIA COMBS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2384 OAK HILL ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BARRINGTON, IL60010
A Employer identification number

36-6168454
B Telephone number (see instructions)

(847) 381-1086
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$10,410,789J 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) 325,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 27,997 18,389  
4 Dividends and interest from securities... 55,402 55,402  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 69,678
b Gross sales price for all assets on line 6a 798,498
7 Capital gain net income (from Part IV, line 2)... 100,577
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 583 -53,363  
12 Total. Add lines 1 through 11........ 478,660 121,005  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 20,575     20,575
c Other professional fees (attach schedule).... Click to see attachment 15 15    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,273 23    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 12,210     12,210
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 9,824 7,583   2,241
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 64,897 7,621   35,026
25 Contributions, gifts, grants paid....... 372,136 372,136
26 Total expenses and disbursements. Add lines 24 and 25 437,033 7,621   407,162
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 41,627
b Net investment income (if negative, enter -0-) 113,384
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 45,103 117,561 117,561
2 Savings and temporary cash investments......... 239,952 259,382 259,382
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,072,500 Click to see attachment1,205,450 2,676,823
c Investments—corporate bonds (attach schedule)....... 286,146 Click to see attachment150,500 141,125
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,925,531 Click to see attachment4,874,627 7,215,449
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment449 Click to see attachment449 Click to see attachment449
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,569,681 6,607,969 10,410,789
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........ 6,569,681 6,607,969
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 6,569,681 6,607,969
31 Total liabilities and net assets/fund balances (see instructions). 6,569,681 6,607,969
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
6,569,681
2
Enter amount from Part I, line 27a .....................
2
41,627
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
6,611,308
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,339
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
6,607,969
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 WB - PUBLIC SECURITIES - A/C #9532 ST P 2015-11-11 2015-12-31
b WB - PUBLIC SECURITIES - A/C #9532 LT P 2011-11-11 2015-12-31
c WB - PUBLIC SECURITIES - A/C #9532 LT P 2011-11-11 2015-12-31
d WB - PUBLIC SECURITIES - A/C #9532 DISTR P 2011-11-11 2015-12-31
e NORTH SKY LBO FUND III, LP - ST P 2015-11-11 2015-12-31
NORTH SKY LBO FUND III, LP - Lt P 2011-11-11 2015-12-31
NORTH SKY VENTURE FUND III, LP - ST P 2015-11-11 2015-12-31
NORTH SKY VENTURE FUND III, LP - LT P 2011-11-11 2015-12-31
MAJESTY I. L.P. - ST P 2015-11-11 2015-12-31
MAJESTY I. L.P. - LT P 2011-11-11 2015-12-31
MAJESTY I. L.P. - 1231 P 2011-11-11 2015-12-31
MAJESTY I. L.P. - UBTI ADJ. -St P 2015-11-11 2015-12-31
MAJESTY I. L.P - UBTI - LT P 2014-11-11 2015-12-31
NORTH SKY LBO FUND III, LP - UBI 1231 P 2011-11-11 2015-12-31
NORTH SKY LBO FUND iii, LP - UBI LT P 2011-11-11 2015-12-31
NORTH SKY LBO FUND iii, LP - UBI ST P 2015-11-11 2015-12-31
UBI - RECLASS - ST P 2015-01-11 2015-01-11
UBI - RECLASS - LT P 2011-01-11 2015-01-11
UBI - RECLASS - 1231 P 2011-01-11 2015-01-11
(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 145,347   144,722 625
b 413,039   393,667 19,372
c 199,113   190,431 8,682
d 40,999     40,999
e     329 -329
    14,500 14,500
    756 756
    61,569 61,569
    28,686 -28,686
    46,636 -46,636
    29,725 29,725
    3,781 3,781
    4,327 4,327
    14 14
    309 309
    125 125
    3,906 -3,906
    4,636 -4,636
    14 -14
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       625
b       19,372
c       8,682
d       40,999
e       -329
      14,500
      756
      61,569
      -28,686
      -46,636
      29,725
      3,781
      4,327
      14
      309
      125
      -3,906
      -4,636
      -14
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 2 100,577
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 -27,634
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 431,797 9,456,790 0.04566
2013 383,138 8,547,657 0.04482
2012 382,269 7,428,153 0.05146
2011 381,938 7,329,416 0.05211
2010 387,288 7,600,936 0.05095
2
Total of line 1, column (d) .....................
20.245009
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
0.049002
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
10,289,551
5
Multiply line 4 by line 3......................
5
504,209
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,134
7
Add lines 5 and 6........................
7
505,343
8
Enter qualifying distributions from Part XII, line 4.............
8
407,162
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 2,268
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,268
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,268
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 12,500
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,500
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 18
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 10,214
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet10,214 RefundedBullet 11  
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletIL
    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 addressbulletN/A
    14
    The books are in care ofbulletEARLE M COMBS III Telephone no.bullet (321) 922-3900

    Located atbullet2384 OAK HILL RDBARRINGTONIL ZIP+4bullet60610
    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
     
    No
    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).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    EARLE M COMBS III President
    15.00     		0    
    2384 OAK HILL ROAD
    BARRINGTON,IL60010
    VIRGINIA M COMBS Secretary
    5.00     		0    
    141 WEST JACKSON BOULEVARD
    CHICAGO,IL60604
    EARLE M COMBS IV Director
    1.00     		0    
    141 WEST JACKSON BLVD
    CHICAGO,IL60604
    BONNIE C ETTERS Director
    1.00     		0    
    141 WEST JACKSON BOULEVARD
    CHICAGO,IL60604
    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  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    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
    10,159,136
    b
    Average of monthly cash balances.......................
    1b
    287,109
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,446,245
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    10,446,245
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    156,694
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,289,551
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    514,478
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    514,478
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    2,268
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,268
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    512,210
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    512,210
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    512,210
    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
    407,162
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    407,162
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    407,162
    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 7 512,210
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 306,522
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 407,162
    a Applied to 2014, but not more than line 2a 306,522
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 100,640
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		411,570
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADLER PLANETARIUM
    1300 S LAKE SHORE DRIVE
    CHICAGO,IL60605     		N/A PC GENERAL EXEMPT PURPOSE 5,000
    AMERICAN FRIENDS OF TYNDALE
    PO BOX 1062
    WHEATON,IL60187     		N/A PC GENERAL EXEMPT PURPOSE 1,000
    ARMONIA US MINISTRIES
    200 S ORANGE AVENUE
    ORLANDO,FL32801     		N/A PC GENERAL EXEMPT PURPOSE 10,000
    A ROCHA USA
    PO BOX 1338
    FREDERICKSBURG,TX78624     		N/A PC GENERAL EXEMPT PURPOSE 500
    BP NETWORK
    28301 FERRY ROAD
    WARRENVILLE,IL60555     		N/A PC GENERAL EXEMPT PURPOSE 9,000
    BAKKE GRAD SCHOOL
    1013 8TH AVENUE 401
    SEATTLE,WA98104     		N/A PC GENERAL EXEMPT PURPOSE 1,000
    BARRINGTON HISTORICAL SOCIETY
    212 W MAIN ST
    BARRINGTON,IL60010     		N/A PC GENERAL EXEMPT PURPOSE 3,000
    BARRINGTON SUZUKI STRINGS
    PO BOX 68
    BARRINGTON,IL60011     		N/A PC GENERAL EXEMPT PURPOSE 15,000
    BARRINGTON WHITE HOUSE
    200 S HOUGH STREET
    BARRINGTON,IL60010     		N/A GOV GENERAL EXEMPT PURPOSE 7,500
    BREAKTHROUGH URBAN MINISTRIES INC
    PO BOX 47200
    CHICAGO,IL60647     		N/A PC GENERAL EXEMPT PURPOSE 1,000
    BY THE HAND
    1000 N SEDGWICK
    CHICAGO,IL60610     		N/A PC GENERAL EXEMPT PURPOSE 1,000
    C R U
    100 LAKE HART DRIVE
    ORLANDO,FL32832     		N/A PC GENERAL EXEMPT PURPOSE 10,200
    CAMP CLEARWATER
    7490 E CLEARWATER RD
    MINOCQUA,WI54548     		N/A PC RELIGIOUS 2,500
    CAMP MANITOWISH YMCA INC
    PO BOX 246
    BOULDER JUNCTION,WI54512     		N/A PC GENERAL EXEMPT PURPOSE 25,100
    CHICAGO HOPE ACADEMY
    2189 W BOWLER ST
    CHICAGO,IL60612     		N/A PC RELIGIOUS 2,000
    CHICAGO SYMPHONY ORCHESTRA
    220 S MICHIGAN AVE
    CHICAGO,IL60604     		N/A PC GENERAL EXEMPT PURPOSE 9,850
    CHINA OUTREACH MINISTRIES
    555 GETTYSBURG PIKE STE A-200
    MECHANICSBURG,PA17055     		N/A PC RELIGIOUS 1,500
    CHRISTIAN ASSOC INTERNATIONAL VOLUN
    PO BOX 1463
    BARTLESVILLE,OK74005     		N/A PC GENERAL EXEMPT PURPOSE 1,900
    CHRISTIAN CYCLING CLUB
    6834 S UNIVERSITY 232
    CENTENNIAL,CO80122     		N/A PC RELIGIOUS 1,000
    CHRISTIAN LEADER FOR AFRICA
    PO BOX 1642
    INDIANAPOLIS,IN46206     		N/A PC RELIGIOUS 5,000
    CHRISTIAN LEADERSHIP DEVELOPMENT
    PO BOX 402
    MADISONVILLE,KY42431     		N/A PC RELIGIOUS 1,000
    COMMON HOPE
    PO BOX 14298
    ST PAUL,MN55114     		N/A PC GENERAL EXEMPT PURPOSE 3,000
    CROSS WORLD
    10000 N OAK TRAFFICWAY
    KANSAS CITY,MO64155     		N/A PC GENERAL EXEMPT PURPOSE 1,000
    D M STEARNS
    501 N WALES RD
    GWYNEDD,PA19454     		N/A PC GENERAL EXEMPT PURPOSE 8,200
    EVANGELICAL FREE CHURCH OF AMERICA
    901 E 78TH ST
    MINNEAPOLIS,MN55420     		N/A PC RELIGIOUS 1,400
    FAITH FREE EVANGELICAL CHURCH
    2125 E CHANDLER BLVD
    CHANDLER,AZ85225     		N/A PC RELIGIOUS 5,000
    FORT WILDERNESS MINISTRIES
    PO BOX 715
    MCNAUGHTON,WI54543     		N/A PC GENERAL EXEMPT PURPOSE 9,721
    FULLER SEMINARY
    135 N OAKLAND AVENUE
    PASADENA,CA91182     		N/A PC RELIGIOUS 1,000
    GO YE FELLOWSHIP
    1550 E ELIZABETH ST U5
    PASADENA,CA91104     		N/A PC RELIGIOUS 1,000
    HERITAGE HILL
    2640 SOUTH WEBSTER AVE
    GREEN BAY,WI54301     		N/A PC GENERAL EXEMPT PURPOSE 1,000
    INNER CITY IMPACT
    3327 W FULLERTON AVE
    CHICAGO,IL60647     		N/A PC GENERAL EXEMPT PURPOSE 3,500
    INTER-VARSITY CHRISTIAN FELLOWSHIP
    6400 SCHROEDER DR
    MADISON,WI53707     		N/A PC RELIGIOUS 5,000
    INTERNATIONAL TEAMS
    411 WEST RIVER ROAD
    ELGIN,IL60123     		N/A PC GENERAL EXEMPT PURPOSE 6,250
    JESUS FILM PROJECT
    100 LAKE HART DRIVE
    ORLANDO,FL32832     		N/A PC RELGIOUS 1,000
    JOST VAN DYKE PRESERVATION SOCIETY
    326 FIRST ST STE378
    ANNAPOLIS,MD21403     		N/A PC GENERAL EXEMPT PURPOSE 3,500
    JUDSON UNIVERSITY
    1151 N STATE
    ELGIN,IL60123     		N/A PC GENERAL EXEMPT PURPOSE 3,500
    KALMAR HYCKEL FOUNDATION
    1124 E 7TH STREET
    WILMINGTON,DE19801     		N/A PC GENERAL EXEMPT PURPOSE 1,000
    KENYA CHILDREN FUND
    PO BOX 4159
    HOPKINS,MN55343     		N/A PC GENERAL EXEMPT PURPOSE 500
    LANGHAM PARTNERSHIP
    PO BOX 189
    CAVE CREEK,AZ85327     		N/A PC GENERAL EXEMPT PURPOSE 78,298
    LOUIS PALAU ASSOCIATION
    1500 NW 167TH PL
    BEAVERTON,OR97006     		N/A PC GENERAL EXEMPT PURPOSE 9,000
    MASTER WORKS FESTIVAL
    1001 COLLEGE AVE
    WINONA LAKE,IN46590     		N/A PC GENERAL EXEMPT PURPOSE 1,000
    METRO CHICAGO YOUTH FOR CHRIST
    101 1/2 E FRONT ST STE 101
    WHEATON,IL60187     		N/A PC RELIGIOUS 2,500
    MOODY BIBLE INSTITUTE OF CHICAGO
    820 NORTH LASALLE BLVD
    CHICAGO,IL60610     		N/A PC RELIGIOUS 1,500
    NAVIGATORS
    PO BOX 6000
    COLORADO SPRINGS,CO80934     		N/A PC GENERAL EXEMPT PURPOSE 1,700
    NEW DAWN
    PO BOX 1009
    MINOCQUA,WI54548     		N/A PC GENERAL EXEMPT PURPOSE 1,000
    NORTHERN BAPTIST THEOLOGICAL SEMINA
    660 E BUTTERFIELD RD
    LOMBARD,IL60148     		N/A PC RELIGIOUS 50,000
    PACIFIC GARDEN MISSION
    1458 S CANAL ST
    CHICAGO,IL60607     		N/A PC GENERAL EXEMPT PURPOSE 2,600
    PALM MISSIONARY MINISTRIES
    1702 PARKS LAKE RD
    LAKE WALES,FL33898     		N/A PC GENERAL EXEMPT PURPOSE 1,800
    REACHING INDIANS MINISTRIES
    PO BOX 688
    ROUND LAKE BEACH,IL60073     		N/A PC RELIGIOUS 2,525
    REMNANT MINISTRY CENTER
    13430 MILLWOOD DRIVE
    WOODBRIDGE,VA22191     		N/A PC RELIGIOUS 600
    ROMANIA FOR JESUS
    PO BOX 370385
    DENVER,CO80237     		N/A PC RELIGIOUS 1,800
    RUSSIAN LEADERSHIP MINISTRIES
    PO BOX 226
    WHEATON,IL60187     		N/A PC RELIGIOUS 10,000
    RAVI ZACHARIAS INTERNATIONAL MINIST
    4725 PEACHTREE CORNERS CIRCLE 250
    NORCROSS,GA30092     		N/A PC RELIGIOUS 1,000
    SANGO ASSOCIATION
    965 SYCAMORE CT
    HOFFMAN ESTATES,IL60192     		N/A PC GENERAL EXEMPT PURPOSE 600
    SHEDD AQUARIUM
    1200 SOUTH LAKE SHORE DRIVE
    CHICAGO,IL60605     		N/A PC GENERAL EXEMPT PURPOSE 2,000
    TRINITY INTERNATIONAL DIVINITY SCHO
    2065 HALF DAY ROAD
    DEERFIELD,IL60015     		N/A PC GENERAL EXEMPT PURPOSE 2,000
    THE BRIDGE CHURCH
    946 E THACKER STREETE
    DES PLAINES,IL60016     		N/A PC RELIGIOUS 1,000
    THE GATHERING CHURCH
    8729 CHAPMAN HWY
    KNOXVILLE,TN37920     		N/A PC RELIGIOUS 1,000
    THE WELL CHURCH
    1035 PEARK ST 400
    BOULDER,CO80302     		N/A PC RELIGIOUS 3,000
    TIMBER LEE MINISTRIES INC
    N8705 SCOUT RD
    EAST TROY,WI53120     		N/A PC RELIGIOUS 1,000
    TOPIC INC
    PO BOX 793772
    DALLAS,TX75379     		N/A PC GENERAL EXEMPT PURPOSE 1,000
    TRINITY FORUM
    PO BOX 9464
    MCLEAN,VA22012     		N/A PC RELIGIOUS 1,000
    TROPICAL HEALTH ALLIANCE
    PO BOX A
    BRYN MAWR,CA92318     		N/A PC GENERAL EXEMPT PURPOSE 2,500
    VILLAGE CHURCH OF BARRINGTON
    1600 E MAIN ST
    BARRINGTON,IL60010     		N/A PC RELIGIOUS 5,000
    WATER STONE
    10807 NEW ALLEGIANCE DR 240
    COLORADO SPRINGS,CO80921     		N/A SO I GENERAL EXEMPT PURPOSE 2,500
    WOODDALE CHURCH
    6630 SHADY OAK RD
    EDEN PRAIRIE,MN55344     		N/A PC RELIGIOUS 3,000
    WYCLIFFE ASSOCIATES
    PO BOX 628200
    ORLANDO,FL32862     		N/A PC RELIGIOUS 3,000
    WORD AT WORK
    1400 WOLFIN AVE
    AMARILLO,TX79109     		N/A PC GENERAL EXEMPT PURPOSE 3,000
    WORLD MINISTRIES
    PO BOX 1757
    BOONE,NC28607     		N/A PC RELIGIOUS 2,400
    YOUTH FOR CHRIST
    7670 SOUTH VAUGHN CT
    ENGLEWOOD,CO80112     		N/A PC RELIGIOUS 2,500
    YOUTH WITH A MISSION CHICAGO
    PO BOX 268408
    CHICAGO,IL60626     		N/A PC RELIGIOUS 600
    YMCA
    101 N WACKER DRIVE
    CHICAGO,IL60606     		N/A PC GENERAL EXEMPT PURPOSE 92
    Total .................................bullet 3a 372,136
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 27,997  
    4 Dividends and interest from securities....     14 55,402  
    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.....     14 583  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 69,678  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aGAIN/LOSS FROM PASSTHROUG     		         
    bUBI INCOME- MAJESTY I, LP         10,150
    cUBI LOSS - NORTH SKY LBO         199
    dUBI RECLASS         -10,349
    e
    12 Subtotal. Add columns (b), (d), and (e)..   153,660  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13153,660
    (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: 15000324
    Software Version: 2015v2.0


    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
    EARLE & VIRGINIA COMBS FOUNDATION
     
    Employer identification number

    36-6168454
    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
    EARLE & VIRGINIA COMBS FOUNDATION
          		Employer identification number
    36-6168454
    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
     
     

    EARL M COMBS III  
    2384 OAK HILL ROAD
     
    BARRINGTON, IL60010

    		$ 300,000


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

    EARL M COMBS IV  
    2384 OAK HILL ROAD
     
    BARRINGTON, IL60010

    		$ 20,000


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

       
    20 South Wacker
     
    CHICAGO, IL60606

    		$ 5,000


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (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
    EARLE & VIRGINIA COMBS FOUNDATION
          		Employer identification number

    36-6168454
    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
     
    		$    
    (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
     
    		$    
    (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
    EARLE & VIRGINIA COMBS FOUNDATION
          		Employer identification number

    36-6168454
    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: 15000324
    Software Version: 2015v2.0

    TY 2015 AccountingFeesSchedule
    Name:
    EARLE & VIRGINIA COMBS FOUNDATION
    EIN:
    36-6168454
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 20,575 0 0 20,575

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    EARLE & VIRGINIA COMBS FOUNDATION
    EIN:
    36-6168454
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    50,000 PAR CITI GROUP INC GLOBAL SUB NOT    
    32,000 PAR IRON MOUNTAIN INC SR SUBORDIN    
    100,000 PAR ANIXTER INC    
    100,000 PAR TITAN INTL INC ILL SR GLBL N    
    100,000 UNITS - OUTERWALL INC 98,250 89,000
    50,000 UNITS - POST HOLDINGS INC 52,250 52,125

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    EARLE & VIRGINIA COMBS FOUNDATION
    EIN:
    36-6168454
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1,000 SHS ABBOTT LABORATORIES 23,202 44,910
    490 SHS ADVISORY BOARD CO 24,843 24,309
    1,000 SHS BANK OF AMERICA CORP 7,616 16,830
    850 SHS CBOE HOLDINGS INC 45,195 55,165
    1,200 SHS COCA COLA COMPANY (THE)    
    205 SHS M & T BANK CORP    
    6,641 SHS MONROE CAPITAL 53,200 52,360
    4,000 SHS CINTAS CORP 6,722 364,200
    1,814 SHS CME GROUP INC 74,135 164,348
    870 SHS DUKEE ENERGY CORPORATION HOLDING 10,845 62,109
    1,000 SHS ILLINOIS TOOL WORKS INC 12,141 92,680
    600 SHS PHILIP MORRIS 49,566 52,746
    7,000 SHS RPM INTERNATIONAL INC 9,747 308,420
    13,000 SHS AON PLS SHS CL A 637,617 1,198,730
    12 SHS ACUITY BRANDS 2,189 2,806
    18 SHS AFFILIATED MGS GROUP 3,856 2,876
    10 SHS ALLIANCE DATA SYST CORP 3,051 2,766
    4 SHS ALPHABET INC 2,140 3,036
    4 SHS AMAZON.COM 1,765 2,704
    50 SHS BRIGHT HORIZONS 2,945 3,340
    45 SHS CARMAX INC. 3,064 2,429
    100 SHS CATERPILLAR INC. 8,004 6,796
    55 SHS CBRE GROUP INC. 2,051 1,902
    25 SHS CELGENE CORP 2,974 2,994
    45 SHS CERNER CORP 3,115 2,708
    90 SHS CHARLES SCHWAB CROP 3,020 2,964
    4 SHS CHIPOTLE MEXICAN GRILL INC. 2,431 1,919
    10 SHS COSTAR GROUP INC. 2,069 2,067
    100 SHS COSTCO WHOLESALE CORP 15,390 16,150
    110 SHS DEMANWARE INC 6,435 5,937
    35 SHS DEXCOM INC 2,738 2,867
    130 SHS DIPLOMAT PHARMACY 4,358 4,449
    25 SHS FACEBOOK INC 2,198 2,617
    25 SHS GILEAD SCIENCES INC 3,005 2,530
    100 SHS GOLDMAN SACH GROUP INC 20,807 18,023
    50 SHS GUIDWIRE SOFTWARE INC 2,902 3,008
    40 SHS IDEXX LABORATORIES CORP 2,560 2,917
    15 SHS ILLUMINA INC 3,005 2,879
    45 SHS INOGEN INC 2,051 1,804
    500 SHS INTESECT ENT INC. 13,100 11,250
    15 SHS PALO ALTO NETWORKS INC 2,677 2,642
    50 SHS PAYPAL HOLDINGS INC 1,843 1,810
    70 SHS PRA GROUP INC 3,994 2,428
    45 SHS PROTO LABS INC 3,102 2,866
    40 SHS SALESFORCE.COM INC 2,949 3,136
    65 SHS SEATTLE GENETICS INC. 2,963 2,917
    45 SHS STARBUCKS CORP 2,454 2,701
    15 SHS STERICYCLE INC. 2,035 1,809
    1,000 SHS SYSCO CORP 41,210 41,000
    14 SHS ULTIMATE SOFTWARE GROUP INC. 2,367 2,737
    20 SHS UNDER ARMOUR INC. 1,711 1,612
    35 SHS VISA INC 2,406 2,714
    30 SHS WEX INC 3,357 2,652
    40 SHS WORKDAY INC 3,148 3,187
    35 SHS MOBILEYE NV 1,927 1,480
    500 SHS QIWI PLC 11,035 8,975
    300 SHS BERKSHIRE HATHAWAY 40,220 39,612

    TY 2015 InvestmentsOtherSchedule2
    Name:
    EARLE & VIRGINIA COMBS FOUNDATION
    EIN:
    36-6168454
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    6,019.798 SHS DAVIS NEW YORK AT COST    
    1,310.338 SHS DAVIS NEW YORK AT COST    
    1,860.004 SHS FIRST EAGLE GLOBAL AT COST 88,838 92,889
    1252.295 SHS FIRST EAGLE GLOBAL FUND AT COST 67,661 64,556
    76,167.632 SHS WILLIAM BLAIR FUNDS AT COST 419,369 882,783
    7,000 SHS ALLIANCE NATL MUN INCOME AT COST 94,255 96,670
    10,000 SHS NUVEEN MUNICIPAL VALUE AT COST 97,899 101,800
    INVESTMENT IN MAJESTY I, L.P. AT COST 3,224,225 4,636,846
    INVESTMENT IN TRINITY CAPITAL FUND AT COST 684,858 849,708
    INVESTMENT IN NORTH SKY VENTURE AT COST 53,217 220,708
    INVESTMENT IN NORTH SKY LBO FUND AT COST 5,994 128,685
    INVESTMENT IN DIGNITY FUND, LP AT COST 130,000 121,993
    985.382 SHS THORNBURG INVESTMENT TR AT COST 20,299 18,811

    TY 2015 OtherAssetsSchedule
    Name:
    EARLE & VIRGINIA COMBS FOUNDATION
    EIN:
    36-6168454
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ORGANIZATIONAL COSTS 449 449  


    TY 2015 OtherExpensesSchedule
    Name:
    EARLE & VIRGINIA COMBS FOUNDATION
    EIN:
    36-6168454
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE & SUPPLIES 1,617     1,617
    POSTAGE 624     624
    WILLIAM BLAIR MGMT FEES (EST) 7,583 7,583    


    TY 2015 OtherIncomeSchedule2
    Name:
    EARLE & VIRGINIA COMBS FOUNDATION
    EIN:
    36-6168454
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 583    
    UBI INCOME- MAJESTY I, LP 10,150    
    UBI LOSS - NORTH SKY LBO 199    
    UBI RECLASS -10,349    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    EARLE & VIRGINIA COMBS FOUNDATION
    EIN:
    36-6168454
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WILLIAM BLAIR TRANSACTION FEES 15 15 0 0


    TY 2015 TaxesSchedule
    Name:
    EARLE & VIRGINIA COMBS FOUNDATION
    EIN:
    36-6168454
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 22,200      
    FOREIGN TAXES PAID 23 23    
    IL FILING FEES 50