Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
ABRAHAM J AND PHYLLIS KATZ FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)57 AMLAJACK BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWNAN, GA302651093
A Employer identification number

11-6442077
B Telephone number (see instructions)

(770) 304-3035
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$62,614,027J 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) 5,277
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,338,257 3,234,647  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,898,555
b Gross sales price for all assets on line 6a 12,447,717
7 Capital gain net income (from Part IV, line 2)... 3,898,555
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 7,242,089 7,133,202  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 169,984 0   169,984
15 Pension plans, employee benefits....... 10,112 0   10,112
16a Legal fees (attach schedule)......... Click to see attachment 7,444 0   7,444
b Accounting fees (attach schedule)....... Click to see attachment 7,500 3,750   3,750
c Other professional fees (attach schedule).... Click to see attachment 2,329 0   2,329
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 14,190 688   13,502
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,433 0   3,433
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 23,770 0   23,770
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 238,762 4,438   234,324
25 Contributions, gifts, grants paid....... 6,440,124 6,440,124
26 Total expenses and disbursements. Add lines 24 and 25 6,678,886 4,438   6,674,448
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 563,203
b Net investment income (if negative, enter -0-) 7,128,764
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.............      
2 Savings and temporary cash investments......... 2,589,406 2,083,693 2,083,693
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) 5,122,906 Click to see attachment5,125,768 5,573,377
b Investments—corporate stock (attach schedule)....... 28,598,720 Click to see attachment29,056,066 26,526,342
c Investments—corporate bonds (attach schedule)....... 28,076,407 Click to see attachment28,685,115 28,430,615
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 64,387,439 64,950,642 62,614,027
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 64,387,439 64,950,642
30 Total net assets or fund balances (see instructions)..... 64,387,439 64,950,642
31 Total liabilities and net assets/fund balances (see instructions). 64,387,439 64,950,642
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
64,387,439
2
Enter amount from Part I, line 27a .....................
2
563,203
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
64,950,642
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
64,950,642
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 LONG TERM PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 12,447,717   8,549,162 3,898,555
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       3,898,555
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,898,555
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 4,719,388 69,256,178 0.068144
2013 4,028,564 67,353,816 0.059812
2012 3,696,674 65,568,373 0.056379
2011 2,380,582 63,087,786 0.037734
2010 2,906,855 61,722,043 0.047096
2
Total of line 1, column (d) .....................
20.269165
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
0.053833
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
65,388,721
5
Multiply line 4 by line 3......................
5
3,520,071
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
71,288
7
Add lines 5 and 6........................
7
3,591,359
8
Enter qualifying distributions from Part XII, line 4.............
8
6,674,448
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 71,288
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 71,288
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 71,288
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 80,043
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 80,043
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,755
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet8,755 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)
    bulletNY
    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 ofbulletALEXANDER S KATZ Telephone no.bullet (770) 304-3035

    Located atbullet57 AMLAJACK BLVDNEWMANGA ZIP+4bullet30265
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ALEXANDER S KATZ TRUSTEE
    10.00     		0 0 0
    57 AMLAJACK BLVD
    NEWMAN,GA30265
    DAVID KATZ TRUSTEE
    10.00     		0 0 0
    57 AMLAJACK BLVD
    NEWMAN,GA30265
    ELLEN B DOFT TRUSTEE
    10.00     		0 0 0
    57 AMLAJACK BLVD
    NEWMAN,GA30265
    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
    DAVID WOOLF EXECUTIVE DIRECTOR
    40.00     		99,984 4,836 0
    2897 NORTH DRUID HILLS ROAD 163
    ATLANTA,GA30329
    BARBARA SAUNDERS GRANTS/PROGRAM MANAG
    40.00     		70,000 5,277 0
    2897 NORTH DRUID HILLS ROAD 163
    ATLANTA,GA30329
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    63,914,361
    b
    Average of monthly cash balances.......................
    1b
    2,470,127
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    66,384,488
    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
    66,384,488
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    995,767
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    65,388,721
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,269,436
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    3,269,436
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    71,288
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    71,288
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,198,148
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,198,148
    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
    3,198,148
    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
    6,674,448
    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
    6,674,448
    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
    71,288
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,603,160
    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 3,198,148
    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......  
    b From 2011......  
    c From 2012...... 449,319
    d From 2013...... 768,323
    e From 2014...... 1,350,495
    fTotal of lines 3a through e........ 2,568,137
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 6,674,448
    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..... 3,198,148
    e Remaining amount distributed out of corpus 3,476,300
    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 6,044,437
    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) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		6,044,437
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 449,319
    c Excess from 2013.... 768,323
    d Excess from 2014.... 1,350,495
    e Excess from 2015.... 3,476,300
    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 e-mail address of the person to whom applications should be addressed:
    DAVID WOOLF
    2897 NORTH DRUID HILLS ROAD 163
    ATLANTA,GA30329
    (404) 551-5004
    bThe form in which applications should be submitted and information and materials they should include:
    AN APPLICATION FORM CAN BE OBTAINED BY WRITTING DIRECTLY TO THE FOUNDATION. THE APPLICATION REQUESTS BASIC INFORMATION OF THE GRANT SEEKER AND THE PURPOSE OF THE FUNDING REQUEST.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ATLANTA RONALD MCDONALD HOUSE CHARITIES
    795 GATEWOOD RD NE
    ATLANTA,GA30329     		  PC PROGRAM SUPPORT 25,000
    CENTER FOR THE VISUALY IMPAIRED
    739 W PEACHTREE ST NW
    ATLANTA,GA30308     		  PC PROGRAM SUPPORT 25,000
    CHILDRENS HEALTHCARE OF ATLANTA
    1577 NORTHEAST EXPRESSWAY STE A
    ATLANTA,GA30329     		  PC SICKLE CELL DISEASE HEALTH SERVICES AND OUTCOMES 395,241
    CLEVELAND CORD BLOOD CENTER
    25001 EMERY RD STE 150
    CLEVELAND,OH44128     		  PC PROGRAM SUPPORT 1,559,500
    CORNELL UNIVERSITY
    377 PINE TREE RD
    ITHICA,NY14850     		  PC RESTORATION OF THE BELLOWS ON THE AEOLIAN-SKINNER ORGAN 100,000
    EMORY CENTER FOR HEART DISEASE PREVENTION
    1599 CLIFTON RD
    ATLANTA,GA30322     		  PC PROFESSORSHIP DR. LAURENCE SPERLLING 360,000
    EMORY UNIVERSITY
    1599 CLIFTON RD
    ATLANTA,GA30322     		  PC VIP LEUKEMIA IMMUNOTHERAPY, LED BY EDMOND WALLER,MD,PHD 50,000
    EMORY UNIVERSITY
    1599 CLIFTON RD
    ATLANTA,GA30322     		  PC INSTITUTE FOR THE LIBERAL ARTS 187,500
    EMORY UNIVERSITY
    1599 CLIFTON RD
    ATLANTA,GA30322     		  PC PROGRAM SUPPORT 16,680
    EMORY UNIVERSITY
    1599 CLIFTON RD
    ATLANTA,GA30322     		  PC KATZ ENDOWMENT VEGA QUARTET 1,035,268
    EMORY UNIVERSITY
    1599 CLIFTON RD
    ATLANTA,GA30322     		  PC PATIENT & FAMILY SERVICES PROGRAM AND PATIENT 210,000
    EMORY UNIVERSITY
    1599 CLIFTON RD
    ATLANTA,GA30322     		  PC TREATMENT OF RETINA DISEASE LED BY JEFFREY H. BOATRIGHT PHD 398,058
    EMORY UNIVERSITY
    1599 CLIFTON RD
    ATLANTA,GA30322     		  PC PROGRAM SUPPORT 463,543
    EMORY UNIVERSITY DEPT GYNECOLOGY
    1599 CLIFTON RD
    ATLANTA,GA30322     		  PC PROGRAM SUPPORT 250,000
    FOUNDATION CENTER-ATLANTA
    133 PEACHTREE ST NE LOBBY STE 350
    ATLANTA,GA30303     		  PC PROGRAM SUPPORT 20,000
    GEORGIA RESEARCH ALLIANCE INC
    191 PEACHTREE ST NE STE 849
    ATLANTA,GA30303     		  PC SUPPORT ONGOING OPERATIONS AND MANAGEMENT 25,000
    HOFSTRA UNIVERSITY
    128 HOFSTRA UNIVERSITY 100E
    PHILLIPS HALL STE
    HEMPSTEAD,NY11549     		  PC GENERAL PROGRAM SUPPORT 1,000
    HOWARD UNIVERSITY
    2400 6TH ST NW
    WASHINGTON,DC20059     		  PC PURCHASE NEW STEINWAY MODEL B PIANO 81,784
    MUSIC & MEMORY INC
    142 EMORY RD
    MINEOLA,NY11501     		  PC CAPACITY BUILDING THROUGH THE ADDITION OF THREE KEY STAFF POSITIONS 145,000
    NATIONAL CENTER FOR CIVIL & HUMAN RIGHTS
    250 WILLIAMS ST NE STE 2322
    ATLANTA,GA30303     		  PC PROGRAM SUPPORT 50,000
    PARENT'S GUIDE TO CORD BLOOD FOUNDATION INC
    23110 GEORGIA AVE
    BROOKEVILLE,MD20833     		  PC EDUCATION AND RESOURCES RELATED TO THE USE OF CORD BLOOD 25,000
    PERFORMING ARTS PATRONS ASSOCIATION INC
    991 OLD ALABAMA RD SW
    MABLETON,GA30126     		  PC PROGRAM SUPPORT 31,550
    PIEDMONT HEALTHCARE FOUNDATION
    1968 PEACHTREE RD NW
    ATLANTA,GA30309     		  PC PROGRAM SUPPORT 350,000
    ROBERT W WOODRUFF ARTS CENTER
    1280 PEACHTREE ST
    ATLANTA,GA30309     		  PC PROGRAM SUPPORT 170,000
    UJA FEDERATION OF NEW YORK
    130 E 59TH ST
    NEW YORK,NY10022     		  PC PROGRAM SUPPORT 5,000
    UNIVERSITY OF TEXAS FOUNDATION INC
    PO BOX 250
    AUSTIN,TX78767     		  PC RESEARCH PROJECT IMMUNOTHERAPY FOR CLL USING 200,000
    VI AND MILTON WEINSTEIN HOSPICE
    3150 HOWELL MILL RD NW
    ATLANTA,GA30327     		  PC PROGRAM SUPPORT 225,000
    WILLIAM BREMAN JEWISH HERTAGE MUSEUM
    1440 SPRING ST NW
    ATLANTA,GA30309     		  PC MOLLY BLANK JEWISH CONCERT SERIES 10,000
    WOODRUFF HEALTH SCIENCES CENTER EMORY UN
    1599 CLIFTON RD
    ATLANTA,GA30322     		  PC RESEARCH PROJECT MDMA ASSISTED THERAPY 25,000
    Total .................................bullet 3a 6,440,124
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 3,338,257  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 3,898,555  
    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 7,236,812 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    137,236,812
    (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
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
     
    Employer identification number

    11-6442077
    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
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
          		Employer identification number
    11-6442077
    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
     
     

    KASON INDUSTRIES INC  
    57 AMLAJACK BLVD
     
    NEWNAN, GA30265

    		$ 5,277


    (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.)
    (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
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
          		Employer identification number

    11-6442077
    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
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
          		Employer identification number

    11-6442077
    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:
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
    EIN:
    11-6442077
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,500 3,750   3,750

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
    EIN:
    11-6442077
    Name of Bond End of Year Book Value End of Year Fair Market Value
    250000 SH 21 ST CENTURY FOX 7.75% DUE 2024 271,242 309,375
    250000 SH AK STEEL CORP 8.75% 269,366 225,000
    600000 SH ALCOA INC 5.55% 02/01/2017 586,082 615,000
    250000 SH ALCOA INC 5.95% 10/1/37 248,555 201,250
    250000 SH ALCOA INC 5.95% 10/1/37 263,220 201,250
    250000 SH ALLEGHENY LUDLUM CORP 6.95% 12/15/2025 247,191 150,000
    250000 SH AMERICAN EXPRESS CO 6.15% 08/28/2017 247,816 267,656
    250000 SH AMERICAN MUNICIPAL POWER 5.672% 02/15/21 250,950 284,840
    250000 SH ARCHER DANIELS MIDLAND CO 8.375% 04/15/2017 258,603 271,618
    250000 SH BANK OF AMERICA 5.42% 3/15/17 252,468 260,223
    1000000 SH BANK OF AMERICA STEP 1,000,000 1,079,600
    500000 SH BARCLAYS BANK PLC 7.75% 503,640 533,750
    250000 SH BESTFOODS MTN BE FR 6.625% 04/15/2028 267,771 320,843
    500000 SH BRISTOL MYERS SQUIBB CO 7.15% 06/15/2023 543,189 632,595
    250000 SH CHESAPEAKE ENERGY 6.875% 11/15/20 242,401 71,250
    250000 SH CITIGROUP INC 5.875% 2033 264,589 278,759
    250000 SH CLIFF BDS 4.875% 4/21/21 250,933 45,000
    250000 SH CLIFFS NATURAL RESOURCES INC. 5.90% 2020 257,283 47,500
    250000 SH CLIFFS NATURAL RESOURCES INC. 6.25% 2040 215,310 45,000
    250000 SH COCA COLA ENTERPRISES INC 8.50% 02/01/2022 286,147 323,605
    250000 SH CONAGRA FOODS INC 7.125% 10/01/2026 262,092 297,070
    500000 SH CREDIT SUISSE N Y 6.00% 02/15/2018 501,397 537,325
    250000 SH DAYTON HUDSON CORP 6.65% 08/01/2028 254,389 308,513
    750000 SH DEVON FIN 7.875% DUE 2031 913,463 769,247
    300000 SH DOLPHINN INC SR 7.2% DUE 7/15/21 320,377 285,000
    250000 SH DONELLY RR 7.625% 6/15/20 257,065 257,778
    250000 SH EATON CORP 7.65% 11/15/2029 288,565 334,135
    250000 SH FORD 6.625 283,484 288,653
    250000 SH FORD 8.125% 1/15/20 278,197 294,445
    750000 SH GENERAL ELECTRIC CAPITAL CORP 5.625% 09/15/2017 735,065 799,703
    250000 SH GENERAL MILLS INC 5.70% 02/15/2017 250,205 261,500
    250000 SH GENWORTH FINANCIAL 6.51% 5/22/18 243,850 243,750
    250000 SH GENWORTH FINANCIAL 7.2% 5/22/21 257,136 208,308
    500000 SH GOLDMAN SACHS CAPITAL 12/29/49 443,313 352,500
    350000 SH GOLDMAN SACHS GROUP INC 6.75% 2037 356,593 409,128
    2000000 SH GOLDMAN SACHS GROUP INC 5.75% 10/01/2016 2,003,980 2,062,680
    250000 SH HEINZ H J CO 6.375% 07/15/2028 249,503 284,343
    250000 SH INTERNATIONAL PAPER CO 6.875% 11/01/2023 254,908 280,743
    250000 SH JOHNSON & JOHNSON 6.73% 11/15/2023 274,048 317,955
    500000 SH JP MORGAN 7,9% DUE 2049 532,762 509,000
    500000 SH JPMORGAN CHASE & CO 6.30% 4/23/19 499,028 560,650
    750000 SH JPMORGAN CHASE & CO PERPETUAL PFD 07.90% 12/31/2049 745,354 763,500
    135000 SH KINDER MORGAN ENERGY PTR 7.40% 3/15/31 145,827 124,447
    250000 SH KRAFT FOODS INC 6.125% 02/01/2018 250,090 271,490
    750000 SH LEUCAIA NATIONAL CORP 5.50% 2023 760,213 732,135
    150000 SH LLOYDS TSB BANK PLC 6.375% 01/21/21 155,044 176,142
    250000 SH LOWES COS INC 6.50% 03/15/2029 249,753 310,525
    250000 SH LOWES COS INC 6.875% 02/15/2028 257,479 318,460
    250000 SH MARATHON OIL 6.00% 10/1/17 242,573 254,833
    250000 SH MEADWESTVACO CORP 6.80% 11/15/32 234,361 265,248
    655000 SH MELLON CAPITAL IV CAPSEC 2049 590,895 504,763
    500000 SH MORGAN STANLEY SRNT 5.75% 2021 529,882 561,376
    375000 SH NEWMONT MINING CORP 5.875% 2035 362,349 306,188
    375000 SH NEWMONT MINING CORP 6.25% 2039 359,630 299,573
    150000 SH PRUDENTIAL FINANCIAL INC 5.875% 2042 159,105 155,925
    350000 SH PULTE HOMES 6.376% DUE 2033 349,410 355,250
    464000 SH REGIONS FINANCIAL CORP 7.75% 2024 502,621 555,479
    750000 SH ROYAL BANK SCOTLAND GROUP PLC 6.125% 775,868 816,525
    250000 SH SLM 8.45% 6/15/2018 251,547 263,125
    216000 SH SUNCOR ENERGY 6.10% 6/1/18 208,388 232,321
    500000 SH SUNTRUST BANKS 5.625% DUE 2049 503,639 503,125
    250000 SH SUNTRUST PRE CAPT 4.0% 12/29/49 201,502 188,750
    250000 SH TARGET CORP 4.875% 05/15/2018 246,196 267,098
    250000 SH TARGET CORP 5.375% 05/01/2017 248,431 263,928
    250000 SH TIME WARNER ENTERTAINMENT CO LP 8.375% 07/15/2033 287,604 294,928
    250000 SH TIMEWARNER CABLE 6.75% 2039 242,128 250,900
    500000 SH TIMEWARNER CABLE 6.75% 2039 477,412 501,802
    250000 SH TORCHMARK CORP SRNT 9.25% 6/15/19 277,104 302,330
    250000 SH TRANS OCEAN SEDCO 7.375% 4/18 247,804 220,000
    250000 SH US STEEL 7.00% 2/1/18 243,753 172,500
    250000 SH VALE SA 5.6255% 2042 267,136 165,337
    300000 SH VALERO ENG SRNT 7.50% 4/15/32 363,953 330,528
    500000 SH WAL MART STORES INC 5.80% 02/15/2018 507,127 546,325
    250000 SH WAL MART STORES INC 5.875% 04/05/2027 248,661 305,469
    500000 SH WELLS FARGO 5.95% DUE 2024 506,250 504,375
    500000 SH WELLS FARGO 7.98% FIX/FLT CALL 2018 499,850 519,375

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
    EIN:
    11-6442077
    Name of Stock End of Year Book Value End of Year Fair Market Value
    10000 SH AEGON NV PRE 3F FLTG RATE 8.0 276,000 275,400
    10000 SH AEGON NV PRE 3F PERP FLTG RATE 207,305 241,331
    25000 SH AFLAC INCORPORATED 515,687 646,000
    10000 SH APPLE INC. 736,003 1,052,600
    10000 SH ARGO GROUP INTL 6.5% DUE42 237,964 254,500
    10000 SH ASTORIA FIN CORP PREF 6.50% 250,105 259,904
    20000 SH ATT 559,878 688,200
    10000 SH AVANGRID 270,365 384,000
    10000 SH BANK OF AMERICA 6.625% PRF 256,505 267,600
    120000 SH BP PLC 5,048,359 3,751,200
    10000 SH BP PLC 406,918 312,600
    10000 SH CITIGROUP CAP 7.875 PREF 276,000 259,900
    10000 SH CITIGROUP CAP FIX TO FLT 259,058 259,900
    80000 SH CLIFF NATURAL RESOURCES 1,588,014 126,400
    18400 SH CLIFF NATURAL RESOURCES 603,878 29,072
    10000 SH CONOCO PHILLIPS 611,087 466,900
    20000 SH CULLEN FROST BANKERS INC. -PREF 467,794 507,746
    15000 SH ENTERGY ARK INC 299,700 375,000
    10000 SH FIRST REPUBLIC BANK 6.2% PREF 238,437 261,900
    10000 SH FIRST REPUBLIC BANK PREF 249,500 251,200
    165000 SH FORD 2,340,458 2,324,850
    8500 SH FORD 77,346 119,765
    15000 SH FRONTIER COMM 84,431 70,050
    1400 SH GE CAPITAL CORP 4.7% 35,000 35,658
    4000 SH GE CAPITAL CORP 4.875% DUE 2052 100,000 102,720
    25000 SH GENERAL ELECTRIC PRFD 4.875% DUE 2052 506,821 642,000
    10000 SH HANCOCK HOLDING CO 249,605 244,800
    10000 SH HARTFORD PREF 7.875% FIX TO FLT 300,732 316,000
    25000 SH IBM 3,596,819 3,440,500
    5800 SH IBM 883,514 798,196
    40000 SH J P MORGAN PREF B 6.7% 1,006,482 1,099,200
    20000 SH JPMORGAN PREF 5.45% 489,539 504,800
    20000 SH JPMORGAN PREF 6.15% 508,005 518,400
    5000 SH NATIONAL HEALTH 225,247 304,350
    10000 SH NEW YORK COMMUNITY BACCORP. 160,705 163,200
    10000 SH NEXTERA ENERGY HLD PREF 5% 209,590 247,700
    216 SH NORDIC AMERICAN TANKERS 3,713 1,138
    15000 SH PENGROWTH ENERGY TRUST 147,827 10,998
    20000 SH PNC FIN SERV PREF Q 5.375% 443,805 511,000
    15000 SH PRUDENTIAL FINANCIAL INC 5.75 PREF 335,243 386,400
    2800 SH PS BUSINESS PREF 6.45% 70,000 73,724
    7900 SH REGIONS FINANCIAL PREF B FIX TO FLT 203,030 214,327
    10000 SH ROYAL DUTCH 502,603 460,400
    16000 SH SELECTIVE INSURANCE GROUP PREF 5.875% 375,136 416,160
    10000 SH SELECTIVE INSURANCE GROUP PREF 5.875% 252,500 259,900
    10000 SH SUNTRUST BANK 5.875% PREF 250,000 258,900
    8800 SH US BANK CORP PREF 223,080 252,560
    10000 SH VERIZON COMMUNICATION 467,603 462,200
    26895 SH WELLS FARGO PREF A 6.625% 752,310 772,693
    30000 SH WELLS FARGO PREF 8% SER J 896,365 842,400

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
    EIN:
    11-6442077
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

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


    5,125,768
    State & Local Government Securities - End of Year Fair Market Value:


    5,573,377


    TY 2015 LegalFeesSchedule
    Name:
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
    EIN:
    11-6442077
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 7,444 0   7,444


    TY 2015 OtherExpensesSchedule
    Name:
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
    EIN:
    11-6442077
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 6,816 0   6,816
    OFFICE EXPENSE 16,714 0   16,714
    MISCELLANEOUS EXPENSES 240 0   240


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
    EIN:
    11-6442077
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONTRACT SERVICES 640 0   640
    PAYROLL SERVICES 1,689 0   1,689


    TY 2015 TaxesSchedule
    Name:
    ABRAHAM J AND PHYLLIS KATZ FOUNDATION
    EIN:
    11-6442077
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 688 688   0
    PAYROLL TAXES 13,502 0   13,502