TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
SAMARA FUND INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 789
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BURNSVILLE, NC28714

A Employer identification number

20-2742189

B Telephone number (see instructions)

(828) 682-0505

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$3,487,187J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,895
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	1,437		1,437
4	Dividends and interest from securities...	107,277		107,277
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		73,519
b	Gross sales price for all assets on line 6a 2,066,865
7	Capital gain net income (from Part IV, line 2)...			73,519
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).......		285
12	Total. Add lines 1 through 11........	185,413		182,233
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).......		2,895	2,895
c	Other professional fees (attach schedule)....		25,504	25,504
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		4,736	1,187
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		113	113
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	33,248		29,699	0
25	Contributions, gifts, grants paid.......	185,000			185,000
26	Total expenses and disbursements. Add lines 24 and 25	218,248		29,699	185,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-32,835
b	Net investment income (if negative, enter -0-)			152,534
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	72,336	320,318	320,320
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	2,261,954	2,458,190	2,603,419
	c	Investments—corporate bonds (attach schedule).......	1,084,721	607,668	563,448
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,419,011	3,386,176	3,487,187
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	3,419,011	3,386,176
	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).....	3,419,011	3,386,176
	31	Total liabilities and net assets/fund balances (see instructions).	3,419,011	3,386,176

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

3,419,011

Enter amount from Part I, line 27a .....................

-32,835

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

3,386,176

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

3,386,176

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	204.032 AMG YACKTMAN FUND	P	2014-12-29	2015-03-10
b	36.801 FIRST TR PFD SECS & INCOME FD	P	2015-02-02	2015-05-08
c	45.568 LOOMIS SAYLES STRATEGIC INC	P	2015-02-26	2015-12-23
d	3030.303 AB HIGH INCOME FD	P	2009-10-28	2015-05-08
e	14.019 BLACKROCK EQUITY DIVIDEND	P	2014-04-17	2015-05-08
	36.376 FIRST TR PFD SECS & INC FD	P	2014-03-03	2015-05-08
	3671.072 GATEWAY TR	P	2012-12-11	2015-05-08
	490 ISHARES MSCI USA MIN VOLATILITY	P	2013-12-18	2015-10-05
	45.155 LOOMIS SAYLES STRATEGIC INC	P	2013-10-29	2015-12-23
	46.309 LOOMIS SAYLES STRATEGIC INC	P	2013-06-26	2015-12-23
	1.343 LOOMIS SAYLES STRATEGIC INC	P	2013-12-17	2015-12-23
	27.082 PRUDENTIAL SHORT TERM	P	2012-02-01	2015-10-05
	66.093 AMG YACKTMAN FUND	P	2014-12-29	2015-03-10
	35.495 FIRST TR PFD SECS & INCOME FD	P	2014-06-02	2015-05-08
	40.285 LOOMIS SAYLES STRATEGIC INC	P	2015-01-29	2015-12-23
	.002 AMG YACKTMAN FUND	P	2012-06-29	2015-03-10
	13.096 BLACKROCK EQUITY DIVIDEND	P	2013-12-16	2015-05-08
	35.973 FIRST TR PFD SECS & INC FD	P	2013-11-01	2015-05-08
	1874.279 INTERNATIONAL GROWTH & INC	P	2014-04-15	2015-12-23
	490 ISHARES MSCI USA MIN VOLATILITY	P	2013-12-18	2015-12-23
	33.778 LOOMIS SAYLES STRATEGIC INC	P	2014-07-28	2015-12-23
	33.040 LOOMIS SAYLES STRATEGIC INC	P	2013-12-17	2015-12-23
	1083.903 NATIXIS FDS LOOMIS SAYLES	P	2013-06-04	2015-05-08
	27.363 PRUDENTIAL SHORT TERM	P	2012-07-02	2015-10-05
	3.347 AMG YACKTMAN FUND	P	2014-12-29	2015-03-10
	35.852 FIRST TR PFD SECS & INCOME FD	P	2014-08-01	2015-05-08
	34.978 LOOMIS SAYLES STRATEGIC INC	P	2015-04-24	2015-12-23
	2.531 AMG YACKTMAN FUND	P	2012-12-28	2015-03-10
	11.717 BLACKROCK EQUITY DIVIDEND	P	2013-07-19	2015-05-08
	36.151 FIRST TR PFD SECS & INC FD	P	2013-12-02	2015-05-08
	1458.151 INTERNATIONAL GROWTH & INC	P	2013-10-08	2015-12-23
	3686.658 LOOMIS SAYLES STRATEGIC INC	P	2011-12-02	2015-05-08
	38.785 LOOMIS SAYLES STRATEGIC INC	P	2014-10-27	2015-12-23
	54.046 LOOMIS SAYLES STRATEGIC INC	P	2012-11-23	2015-12-23
	221.725 NATIXIS FDS LOOMIS SAYLES	P	2012-08-22	2015-05-08
	27.918 PRUDENTIAL SHORT TERM	P	2012-06-01	2015-10-05
	12.509 BLACKROCK EQUITY DIVIDEND	P	2014-07-18	2015-05-08
	36.363 FIRST TR PFD SECS & INCOME FD	P	2014-11-03	2015-05-08
	29.657 LOOMIS SAYLES STRATEGIC INC	P	2015-03-26	2015-12-23
	30.319 AMG YACKTMAN FUND	P	2013-12-27	2015-03-10
	14.637 BLACKROCK EQUITY DIVIDEND	P	2013-10-18	2015-05-08
	35.979 FIRST TR PFD SECS & INC FD	P	2013-10-01	2015-05-08
	105.721 INTERNATIONAL GROWTH & INC	P	2014-12-22	2015-12-23
	4694.836 LOOMIS SAYLES STRATEGIC INC	P	2012-07-03	2015-12-23
	36.869 LOOMIS SAYLES STRATEGIC INC	P	2014-04-25	2015-12-23
	42.877 LOOMIS SAYLES STRATEGIC INC	P	2012-10-23	2015-12-23
	1524.268 NATIXIS FDS LOOMIS SAYLES	P	2013-06-04	2015-10-05
	15.779 PRUDENTIAL SHORT TERM	P	2012-01-03	2015-10-05
	.883 BLACKROCK EQUITY DIVIDEND	P	2014-12-15	2015-05-08
	36.314 FIRST TR PFD SECS & INCOME FD	P	2014-10-01	2015-05-08
	2500 POWERSHARES EXCH TRADED FD	P	2015-10-05	2015-12-23
	51.443 AMG YACKTMAN FUND	P	2013-12-27	2015-03-10
	13.523 BLACKROCK EQUITY DIVIDEND	P	2013-04-18	2015-05-08
	36.683 FIRST TR PFD SECS & INC FD	P	2014-01-02	2015-05-08
	58.454 INTERNATIONAL GROWTH & INC	P	2013-12-23	2015-12-23
	3243.349 LOOMIS SAYLES STRATEGIC INC	P	2011-12-02	2015-12-23
	37.883 LOOMIS SAYLES STRATEGIC INC	P	2014-03-26	2015-12-23
	40.682 LOOMIS SAYLES STRATEGIC INC	P	2012-09-24	2015-12-23
	2003.393 OAKMARK GLOBAL SELECT FD	P	2013-07-11	2015-12-23
	23.104 PRUDENTIAL SHORT TERM	P	2011-12-08	2015-10-05
	12.843 BLACKROCK EQUITY DIVIDEND	P	2015-04-16	2015-05-08
	36.872 FIRST TR PFD SECS & INCOME FD	P	2015-01-02	2015-05-08
	18.645 PRUDENTIAL JENNISON MID CAP	P	2014-12-19	2015-05-08
	16.349 AMG YACKTMAN FUND	P	2012-06-29	2015-03-10
	14.643 BLACKROCK EQUITY DIVIDEND	P	2012-10-19	2015-05-08
	8.816 GATEWAY TR	P	2012-06-22	2015-05-08
	34.970 INTERNATIONAL GROWTH & INC	P	2014-06-25	2015-12-23
	286.766 LOOMIS SAYLES STRATEGIC INC	P	2014-12-17	2015-12-23
	34.372 LOOMIS SAYLES STRATEGIC INC	P	2014-09-25	2015-12-23
	28.026 LOOMIS SAYLES STRATEGIC INC	P	2014-12-17	2015-12-23
	90 POWESHARES QQQ TRUST	P	2009-10-29	2015-05-08
	1.922 PRUDENTIAL SHORT TERM	P	2011-12-27	2015-10-05
	13.140 BLACKROCK EQUITY DIVIDEND	P	2014-12-15	2015-05-08
	31.069 GATEWAY TR	P	2015-03-31	2015-05-08
	124.848 PRUDENTIAL JENNISON MID CAP	P	2014-12-19	2015-05-08
	18.216 AMG YACKTMAN FUND	P	2012-06-29	2015-03-10
	13.751 BLACKROCK EQUITY DIVIDEND	P	2012-07-20	2015-05-08
	25.994 GATEWAY TR	P	2013-12-19	2015-05-08
	20.281 INTERNATIONAL GROWTH & INC	P	2014-09-18	2015-12-23
	132.687 LOOMIS SAYLES STRATEGIC INC	P	2012-12-21	2015-12-23
	37.342 LOOMIS SAYLES STRATEGIC INC	P	2014-02-25	2015-12-23
	48.502 LOOMIS SAYLES STRATEGIC INC	P	2012-08-23	2015-12-23
	11.217 PRUDENTIAL JENNISON MID CAP	P	2013-12-18	2015-05-08
	300 SPDR GOLD TR	P	2012-03-14	2015-05-08
	14.385 BLACKROCK EQUITY DIVIDEND	P	2014-10-17	2015-05-08
	28.024 GATEWAY TR	P	2014-09-24	2015-05-08
	870 SELECT SECTOR SPDR FD	P	2015-05-08	2015-06-29
	132.79 AMG YACKTMAN FUND	P	2013-12-27	2015-03-10
	18.240 BLACKROCK EQUITY DIVIDEND	P	2012-12-13	2015-05-08
	15.847 GATEWAY TR	P	2012-09-21	2015-05-08
	20.204 INTERNATIONAL GROWTH & INC	P	2014-03-17	2015-12-23
	75.273 LOOMIS SAYLES STRATEGIC INC	P	2013-12-17	2015-12-23
	43.017 LOOMIS SAYLES STRATEGIC INC	P	2013-04-26	2015-12-23
	85.225 LOOMIS SAYLES STRATEGIC INC	P	2011-12-21	2015-12-23
	22.103 PRUDENTIAL JENNISON MID CAP	P	2013-12-18	2015-05-08
	200 SPDR GOLD TR	P	2013-02-20	2015-05-08
	122.018 BLACKROCK EQUITY DIVIDEND	P	2014-12-15	2015-05-08
	25.187 GATEWAY TR	P	2014-12-19	2015-05-08
	1500 SPDR INDEX SHARES FDS	P	2014-08-06	2015-03-06
	32.249 AMG YACKTMAN FUND	P	2012-12-28	2015-03-10
	2566.735 BLACKROCK EQUITY DIVIDEND	P	2012-07-03	2015-05-08
	34.053 GATEWAY TR	P	2014-03-21	2015-05-08
	20.276 INTERNATIONAL GROWTH & INC	P	2014-12-22	2015-12-23
	78.406 LOOMIS SAYLES STRATEGIC INC	P	2014-12-17	2015-12-23
	46.909 LOOMIS SAYLES STRATEGIC INC	P	2013-07-29	2015-12-23
	44.632 LOOMIS SAYLES STRATEGIC INC	P	2012-07-24	2015-12-23
	1306.848 PRUDENTIAL JENNISON MID CAP	P	2013-08-01	2015-05-08
	200 SPDR GOLD TR	P	2013-06-04	2015-05-08
	36.923 FIRST TR PFD SECS & INCOME FD	P	2015-05-01	2015-05-08
	30.159 GATEWAY TR	P	2014-06-20	2015-05-08
	1500 SPDR INDEX SHARES FDS	P	2014-11-13	2015-03-06
	387.227 AMG YACKTMAN FUND	P	2014-02-07	2015-03-10
	7421.150 FIRST TR PFD SECS & INC FD	P	2013-07-23	2015-05-08
	32.429 GATEWAY TR	P	2013-09-25	2015-05-08
	7.050 INTERNATIONAL GROWTH & INC	P	2013-12-23	2015-12-23
	51.570 LOOMIS SAYLES STRATEGIC INC	P	2014-11-25	2015-12-23
	45.940 LOOMIS SAYLES STRATEGIC INC	P	2013-03-27	2015-12-23
	32.841 LOOMIS SAYLES STRATEGIC INC	P	2012-02-24	2015-12-23
	1176.320 PRUDENTIAL SHORT TERM	P	2012-09-21	2015-10-05
	480 VANGUARD SECTOR INDEX FDS	P	2009-10-29	2015-10-05
	36.791 FIRST TR PFD SECS & INCOME FD	P	2015-04-01	2015-05-08
	710 GUGGENHEIM S&P 500 EQ WEIGHT	P	2015-05-08	2015-12-23
	1960 WISDOMTREE TRUST	P	2015-05-08	2015-11-09
	1328.609 AMG YACKTMAN FUND	P	2013-10-08	2015-03-10
	7.678 FIRST TR PFD SECS & INC FD	P	2013-08-01	2015-05-08
	28.405 GATEWAY TR	P	2013-03-22	2015-05-08
	161 ISHARES CORE S&P SMALL CAP ETF	P	2009-10-29	2015-12-23
	45.897 LOOMIS SAYLES STRATEGIC INC	P	2014-05-27	2015-12-23
	53.044 LOOMIS SAYLES STRATEGIC INC	P	2013-08-28	2015-12-23
	29.454 LOOMIS SAYLES STRATEGIC INC	P	2012-04-24	2015-12-23
	28.806 PRUDENTIAL SHORT TERM	P	2012-09-04	2015-10-05
	20 VANGUARD SECTOR INDEX FDS	P	2009-10-29	2015-12-23
	36.723 FIRST TR PFD SECS & INCOME FD	P	2015-03-02	2015-05-08
	590 GUGGENHEIM S&P 500 EQ WEIGHT	P	2015-10-05	2015-12-23
	1240 WISDOMTREE TRUST	P	2015-10-05	2015-11-09
	1612.903 AMG YACKTMAN FUND	P	2012-07-03	2015-03-10
	35.632 FIRST TR PFD SECS & INC FD	P	2014-05-01	2015-05-08
	32.620 GATEWAY TR	P	2013-06-21	2015-05-08
	71 ISHARES CORE S&P 500 ETF	P	2009-10-29	2015-12-23
	54.032 LOOMIS SAYLES STRATEGIC INC	P	2013-11-27	2015-12-23
	41.397 LOOMIS SAYLES STRATEGIC INC	P	2013-09-26	2015-12-23
	25.261 LOOMIS SAYLES STRATEGIC INC	P	2012-03-26	2015-12-23
	26.011 PRUDENTIAL SHORT TERM	P	2012-08-01	2015-10-05
	278 VANGUARD SECTOR INDEX FDS	P	2009-12-14	2015-12-23
	35.828 FIRST TR PFD SECS & INCOME FD	P	2014-09-02	2015-05-08
	328.5 INTERNATIONAL GROWTH & INC	P	2015-05-08	2015-12-23
	1759.221 AB GLOBAL BOND FD	P	2009-10-19	2015-05-08
	2704.164 AMG YACKTMAN FUND	P	2012-06-19	2015-03-10
	36.054 FIRST TR PFD SECS & INC FD	P	2014-03-03	2015-05-08
	48.930 GATEWAY TR	P	2012-12-21	2015-05-08
	1160 ISHARES INTERNATIONAL SELECT	P	2013-11-29	2015-05-08
	53.177 LOOMIS SAYLES STRATEGIC INC	P	2013-05-29	2015-12-23
	34.387 LOOMIS SAYLES STRATEGIC INC	P	2014-01-29	2015-12-23
	41.276 LOOMIS SAYLES STRATEGIC INC	P	2012-05-24	2015-12-23
	28.652 PRUDENTIAL SHORT TERM	P	2012-04-02	2015-10-05
	SPDR GOLD TR	P	2012-03-14	2015-05-08
	35.543 FIRST TR PFD SECS & INCOME FD	P	2014-07-01	2015-05-08
	21.085 INTERNATIONAL GROWTH & INC	P	2015-03-16	2015-12-23
	2429.934 AB GLOBAL BOND FD	P	2009-10-19	2015-10-05
	.698 BLACKROCK EQUITY DIVIDEND	P	2012-12-13	2015-05-08
	36.614 FIRST TR PFD SECS & INC FD	P	2013-09-03	2015-05-08
	1847.063 GATEWAY TR	P	2012-07-03	2015-05-08
	2000 ISHARES INTERNATIONAL SELECT	P	2014-01-15	2015-07-06
	40.005 LOOMIS SAYLES STRATEGIC INC	P	2014-06-24	2015-12-23
	47.697 LOOMIS SAYLES STRATEGIC INC	P	2013-02-26	2015-12-23
	29.931 LOOMIS SAYLES STRATEGIC INC	P	2012-06-25	2015-12-23
	26.094 PRUDENTIAL SHORT TERM	P	2012-03-01	2015-10-05
	36.445 FIRST TR PFD SECS & INCOME FD	P	2014-12-01	2015-05-08
	316 ISHARES CORE HI DIVIDEND ETF	P	2015-05-08	2015-12-23
	11.03 AB HIGH INCOME FD	P	2009-11-24	2015-05-08
	2.474 BLACKROCK EQUITY DIVIDEND	P	2013-12-16	2015-05-08
	36.376 FIRST TR PFD SECS & INC FD	P	2014-02-03	2015-05-08
	1851.852 GATEWAY TR	P	2012-06-19	2015-05-08
	840 ISHARES INTERNATIONAL SELECT	P	2013-11-29	2015-07-06
	37.998 LOOMIS SAYLES STRATEGIC INC	P	2014-08-26	2015-12-23
	39.512 LOOMIS SAYLES STRATEGIC INC	P	2013-01-29	2015-12-23
	24.891 LOOMIS SAYLES STRATEGIC INC	P	2012-01-25	2015-12-23
	25.917 PRUDENTIAL SHORT TERM	P	2012-05-01	2015-10-05

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,952	5,199	-247
b	790	784	6
c	623	746	-123
d	27,364	25,000	2,364
e	343	342	1
	781	741	40
	111,087	100,000	11,087
	19,845	17,111	2,734
	617	742	-125
	633	716	-83
	18	22	-4
	302	312	-10
	1,604	1,684	-80
	762	756	6
	551	651	-100

	330	305	25
	772	730	42
	53,567	65,000	-11,433
	17,821	14,701	3,120
	462	582	-120
	452	534	-82
	11,175	11,500	-325
	305	314	-9
	81	85	-4
	770	763	7
	478	568	-90
	61	48	13
	295	266	29
	776	734	42
	41,674	50,000	-8,326
	59,982	53,199	6,783
	530	647	-117
	739	817	-78
	2,286	2,319	-33
	311	320	-9
	315	315
	781	773	8
	405	477	-72
	736	710	26
	368	335	33
	772	727	45
	3,022	3,383	-361
	64,178	70,000	-5,822
	504	620	-116
	586	661	-75
	15,136	16,173	-1,037
	176	178	-2
	22	21	1
	780	770	10
	62,599	61,923	676
	1,248	1,205	43
	340	287	53
	788	737	51
	1,671	2,002	-331
	44,337	46,802	-2,465
	518	630	-112
	556	627	-71
	31,193	30,352	841
	258	258
	323	322	1
	792	781	11
	790	741	49
	397	298	99
	369	299	70
	248	218	30
	999	1,274	-275
	3,920	4,577	-657
	470	582	-112
	383	447	-64
	9,784	3,782	6,002
	21	22	-1
	331	317	14
	940	929	11
	5,292	4,959	333
	442	332	110
	346	268	78
	787	748	39
	580	713	-133
	1,814	2,053	-239
	510	619	-109
	663	727	-64
	475	438	37
	34,101	47,109	-13,008
	362	341	21
	848	830	18
	66,732	66,701	31
	3,223	3,111	112
	459	365	94
	480	437	43
	577	692	-115
	1,035	1,224	-189
	588	694	-106
	1,165	1,213	-48
	937	863	74
	22,734	30,198	-7,464
	3,071	2,948	123
	762	743	19
	57,466	59,892	-2,426
	783	615	168
	64,605	50,000	14,605
	1,030	983	47
	579	649	-70
	1,072	1,251	-179
	641	745	-104
	610	657	-47
	55,397	50,000	5,397
	22,734	27,048	-4,314
	793	795	-2
	913	887	26
	57,466	56,067	1,399
	9,398	8,852	546
	159,332	159,787	-455
	981	915	66
	201	242	-41
	705	873	-168
	628	726	-98
	449	495	-46
	19,806	20,641	-835
	37,195	17,144	20,051
	790	791	-1
	66,151	66,686	-535
	87,024	100,548	-13,524
	32,245	30,000	2,245
	165	163	2
	860	792	68
	18,072	8,179	9,893
	627	777	-150
	725	823	-98
	403	441	-38
	321	334	-13
	1,584	707	877
	788	788
	54,971	51,837	3,134
	55,056	54,659	397
	39,145	30,000	9,145
	765	752	13
	987	906	81
	14,788	7,572	7,216
	739	880	-141
	566	661	-95
	345	382	-37
	290	301	-11
	22,017	11,112	10,905
	769	766	3
	9,389	11,100	-1,711
	14,795	13,951	844
	65,630	50,000	15,630
	774	745	29
	1,481	1,328	153
	40,754	43,727	-2,973
	727	868	-141
	470	559	-89
	564	600	-36
	319	330	-11
	113	66	47
	763	759	4
	603	665	-62
	20,266	19,269	997
	18	14	4
	786	747	39
	55,892	50,000	5,892
	63,276	75,495	-12,219
	547	687	-140
	652	740	-88
	409	441	-32
	291	301	-10
	782	777	5
	23,734	24,442	-708
	100	91	9
	62	58	4
	781	741	40
	56,037	50,000	6,037
	26,576	31,664	-5,088
	519	651	-132
	540	624	-84
	340	367	-27
	289	299	-10

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			-247
b			6
c			-123
d			2,364
e			1
			40
			11,087
			2,734
			-125
			-83
			-4
			-10
			-80
			6
			-100

			25
			42
			-11,433
			3,120
			-120
			-82
			-325
			-9
			-4
			7
			-90
			13
			29
			42
			-8,326
			6,783
			-117
			-78
			-33
			-9

			8
			-72
			26
			33
			45
			-361
			-5,822
			-116
			-75
			-1,037
			-2
			1
			10
			676
			43
			53
			51
			-331
			-2,465
			-112
			-71
			841

			1
			11
			49
			99
			70
			30
			-275
			-657
			-112
			-64
			6,002
			-1
			14
			11
			333
			110
			78
			39
			-133
			-239
			-109
			-64
			37
			-13,008
			21
			18
			31
			112
			94
			43
			-115
			-189
			-106
			-48
			74
			-7,464
			123
			19
			-2,426
			168
			14,605
			47
			-70
			-179
			-104
			-47
			5,397
			-4,314
			-2
			26
			1,399
			546
			-455
			66
			-41
			-168
			-98
			-46
			-835
			20,051
			-1
			-535
			-13,524
			2,245
			2
			68
			9,893
			-150
			-98
			-38
			-13
			877

			3,134
			397
			9,145
			13
			81
			7,216
			-141
			-95
			-37
			-11
			10,905
			3
			-1,711
			844
			15,630
			29
			153
			-2,973
			-141
			-89
			-36
			-11
			47
			4
			-62
			997
			4
			39
			5,892
			-12,219
			-140
			-88
			-32
			-10
			5
			-708
			9
			4
			40
			6,037
			-5,088
			-132
			-84
			-27
			-10

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	73,519
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 ...................		3	-13,372

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? Yes No

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	180,000	3,453,957	0.052114
2013	178,765	2,929,320	0.061026
2012	140,641	2,330,990	0.060335
2011	112,400	1,805,783	0.062244
2010	81,844	1,395,468	0.058650

Total of line 1, column (d) .....................

20.294369

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 . . .

0.058874

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

3,560,823

Multiply line 4 by line 3......................

209,640

Enter 1% of net investment income (1% of Part I, line 27b)...........

1,525

Add lines 5 and 6........................

211,165

Enter qualifying distributions from Part XII, line 4.............

185,000

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	3,051
	hereand 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	3,051
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	3,051
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	2,284
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	749
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,033
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	18
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

DIANE H KENT Telephone no. bullet

(828) 682-0505

Located at bullet

PO BOX 681BURNSVILLENC ZIP+4 bullet

28714

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
DIANE H KENT	PRESIDENT 1.00	0	0	0
PO BOX 681 BURNSVILLE,NC28714	PRESIDENT 1.00	0	0	0
EDWARD J EASTON	VP 1.00	0	0	0
1090 MARINER DRIVE KEY BISCAYNE,FL33149	VP 1.00	0	0	0
NANCY EASTON	SECRETARY 1.00	0	0	0
123 WEST 80TH STREET 3R NEW YORK,NY10024	SECRETARY 1.00	0	0	0
WILLIAM MCGANN EASTON	TREASURER 1.00	0	0	0
1393 BEACH AVENUE ATLANTIC BEACH,FL32233	TREASURER 1.00	0	0	0
ELIZABETH EASTON	DIRECTOR 1.00	0	0	0
580 WEST 49TH STREET MIAMI BEACH,FL33140	DIRECTOR 1.00	0	0	0

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...................

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	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,418,821

Average of monthly cash balances.......................

196,228

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

3,615,049

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

3,615,049

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

54,226

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

3,560,823

Minimum investment return. Enter 5% of line 5..................

178,041

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

178,041

Tax on investment income for 2015 from Part VI, line 5......

3,051

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

3,051

Distributable amount before adjustments. Subtract line 2c from line 1............

174,990

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

174,990

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

174,990

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

185,000

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

185,000

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

185,000

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7			174,990
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......	12,865
b From 2011......	23,325
c From 2012......	25,361
d From 2013......	34,509
e From 2014......	9,586
fTotal of lines 3a through e........		105,646
4Qualifying distributions for 2015 from Part
XII, line 4: $ 185,000
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....			174,990
e Remaining amount distributed out of corpus		10,010
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		115,656
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 ..........			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) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		12,865
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		102,791
10 Analysis of line 9:
a Excess from 2011....	23,325
b Excess from 2012....	25,361
c Excess from 2013....	34,509
d Excess from 2014....	9,586
e Excess from 2015....	10,010

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CAPE ELEUTHERA ISLAND SCHOOL CAPE ELEUTHERA ISLAND SCHOOL PO BOX 5910 PO BOX 5910 PRINCETON,NJ08543			GENERAL CHARITABLE PURPOSES	5,000
CLEAN WATER FOR NC CLEAN WATER FOR NC 112 NORTH PERSON STREET 112 NORTH PERSON STREET RALEIGH,NC27601			GENERAL CHARITABLE PURPOSES	2,000
DESIGNS FROM THE HEART DESIGNS FROM THE HEART 12 TALLWOOD ROAD 12 TALLWOOD ROAD JACKSONVILLE BEACH,FL32250			GENERAL CHARITABLE PURPOSES	3,000
DN-E-0 DANCE NOW MIAMI DN-E-O DANCE NOW MIAMI PO BOX 416525 PO BOX 416525 MIAMI BEACH,FL33141			GENERAL CHARITABLE PURPOSES	3,000
ELIMU FOUNDATION ELIMU FOUNDATION 7719 RIVER OTTER WAY 7719 RIVER OTTER WAY ELK GROVE,CA95758			GENERAL CHARITABLE PURPOSES	3,000
EPISCOPAL HIGH SCHOOL EPISCOPAL HIGH SCHOOL 4455 ATLANTIC BLVD 4455 ATLANTIC BLVD JACKSONVILLE,FL32207			GENERAL CHARITABLE PURPOSES	15,000
EXCEPTIONAL EDUC OUTREAC EXPECTIONAL EDUC OUTREACH 650 NE 67TH ST 650 NE 67TH ST MIAMI,FL33138			GENERAL CHARITABLE PURPOSES	9,000
GULLIVER SCHOOLS INC GULLIVER SCHOOLS INC 200 S BISCAYNE BLVD 4000 200 S BISCAYNE BLVD 4000 MIAMI,FL33131			GENERAL CHARITABLE PURPOSES	10,000
PENLAND SCHOOL OF CRAFTS PENLAND SCHOOL OF CRAFTS PENLAND SCHOOL ROAD PENLAND SCHOOL ROAD PENLAND,NC28765			GENERAL CHARITABLE PURPOSES	5,000
SOUTHERN APPALACHIAN SOUTHERN APPALACHIAN 34 WALL STREET STE 502 34 WALL STREET STE 502 ASHEVILLE,NC28801			GENERAL CHARITABLE PURPOSES	15,000
SOUTHERN RECONCILIATION SOUTHERN RECONCILATION PO BOX 1147 PO BOX 1147 BURNSVILLE,NC28714			GENERAL CHARITABLE PURPOSES	6,000
THE I CARE I CURE FND THE I CARE I CURE FND 100 W CYPRESS CREEK RD ST 100 W CYPRESS CREEK RD FT LAUDERDALE,FL33309			GENERAL CHARITABLE PURPOSES	1,500
WELLNESS IN THE SCHOOLS WELLNESS IN SCHOOLS 123 W 80TH STREET STE 3R 123 W 80TH STREET STE 3R NEW YORK,NY10024			GENERAL CHARITABLE PURPOSES	30,000
THE HARLEM JETS INC THE HARLEM JETS INC 2280 FREDERICK DOUGLAS AV 2280 FREDERICK DOUGLAS AV NEW YORK,NY10027			GENERAL CHARITABLE PURPOSES	2,500
FRIENDS OF MANHATTAN SCHOOL FOR CHI FRIENDS OF MANHATTAN SCHOOL FOR CHI 154 WEST 93RD STREET 154 WEST 93RD STREET NEW YORK,NY10025			GENERAL CHARITABLE PURPOSES	2,000
HAWAII CAPITAL CULTURAL COALITION HAWAII CAPITAL CULTURAL COALITION 4348 WAIALAE AVE 254 4348 WAIALAE AVE 254 HONOLULU,HI96816			GENERAL CHARITABLE PURPOSES	6,000
FAMILY VIOLENCE COALITION OF YANCEY FAMILY VIOLENCE COALITION OF YANCEY P O BOX 602 P O BOX 602 BURNSVILLE,NC28714			GENERAL CHARITABLE PURPOSES	5,000
AIMM HIGHER INC AIMM HIGHER INC 4700 BISCAYNE BLVD 4700 BISCAYNE BLVD MIAMI,FL331373200			GENERAL CHARITABLE PURPOSES	3,000
EDUCATE TOMORROW CORP EDUCATE TOMORROW CORP 1717 N BAYSHORE DR 203 1717 N BAYSHORE DR 203 MIAMI,FL33132			GENERAL CHARITABLE PURPOSES	1,000
CAPE FEAR LITERACY COUNCIL CAPE FEAR LITERACY COUNCIL 610 SOUTH COLLEGE ROAD 610 SOUTH COLLEGE ROAD WILMINGTON,NC28403			GENERAL CHARITABLE PURPOSES	2,000
MONIQUE BURR FOUNDATION MONIQUE BURR FOUNDATION 7807 BAYMEADOWS RD E 7807 BAYMEADOWS RD E JACKSONVILLE,FL32256			GENERAL CHARITABLE PURPOSES	2,000
BRYANT UNIVERSITY BRYANT UNIVERSITY 1150 DOUGLAS PIKE 1150 DOUGLAS PIKE SMITHFIELD,RI029171291			GENERAL CHARITABLE PURPOSES	12,500
BAPTIST HEALTH SYS FND (WOLFSON) BAPTIST HEALTH SYS FND (WOLFSON) 3563 PHILLIPS HWY F 608 3563 PHILLIPS HWY F 609 JACKSONVILLE,FL32207			GENERAL CHARITABLE PURPOSES	5,000
URBAN PARADISE GUILD INC URBAN PARADISE GUILD INC 13400 N MIAMI AVE 13400 N MIAMI AVE MIAMI,FL33168			GENERAL CHARITABLE PURPOSES	9,000
INTERN'L XCHANGE (HOME BY HOME) INTERNATIONAL XCHANGE 1619 WENTWORTH DR 1619 WENTWORTH DR MONTGOMERY,AL361062636			GENERAL CHARITABLE PURPOSES	7,000
PATH PATH 9095 SW 78TH CT 9095 SW 78TH CT MIAMI,FL331567538			GENERAL CHARITABLE PURPOSES	11,000
THE HEAL FOUNDATION THE HEAL FOUNDATION 228 SOLANA RD STE 5 228 SOLANA RD STE 5 PONTE VEDRA,FL320825200			GENERAL CHARITABLE PURPOSES	1,000
FRIENDS OF SURFSIDE CATS INC FRIENDS OF SURFSIDE CATS INC 6222 SW 100 TERRACE 6222 SW 100 TERRACE PINECREST,FL33156			GENERAL CHARITABLE PURPOSES	2,000
TIMUCUAN TRAIL PARKS FOUNDATION TIMUCUAN TRAIL PARKS FOUNDATION 9953 HECKSCHER DR 9953 HECKSCHER DR JACKSONVILLE,FL32226			GENERAL CHARITABLE PURPOSES	3,000
POLYTECHNIC PREPARATORY COUNTRY DAY POLYTECHNIC PREPARATORY COUNTRY DAY 9216 7TH AVE 9216 7TH AVE BROOKLYN,NY11228			GENERAL CHARITABLE PURPOSES	1,000
MORGAN'S PLACE MORGAN'S PLACE 4241 N HIGHWAY 1 4241 N HIGHWAY 1 MELBOURNE,FL32935			GENERAL CHARITABLE PURPOSES	500
BEACHES COUNCIL ON AGING BEACHES COUNCIL ON AGING 281 19TH AVE S 281 19TH AVE S JACKSONVILLE,FL322506126			GENERAL CHARITABLE PURPOSES	2,000
Total ................................. 3a				185,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	1,437
4 Dividends and interest from securities....			14	107,277
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 ............			14	23,431	50,088
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aMISCELLANEOUS					285
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				132,145	50,373

13Total. Add line 12, columns (b), (d), and (e)..................

13182,518

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 AccountingFeesSchedule

Name:

SAMARA FUND INC

EIN:

20-2742189

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX RETURN PREPARATION	2,895	2,895

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

SAMARA FUND INC

EIN:

20-2742189

Name of Bond	End of Year Book Value	End of Year Fair Market Value
SEE ATTACHED-RBC ACCOUNT	607,668	563,448

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

SAMARA FUND INC

EIN:

20-2742189

Name of Stock	End of Year Book Value	End of Year Fair Market Value
SEE ATTACHED-RBC ACCOUNT	2,458,190	2,603,419

- TIN:

TY 2015 OtherExpensesSchedule

Name:

SAMARA FUND INC

EIN:

20-2742189

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
INVESTMENT EXPENSES	113	113

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

SAMARA FUND INC

EIN:

20-2742189

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
MISCELLANEOUS	285

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

SAMARA FUND INC

EIN:

20-2742189

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
RBC INVESTMENT FEES	25,504	25,504

- TIN:

TY 2015 TaxesSchedule

Name:

SAMARA FUND INC

EIN:

20-2742189

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES-RBC	1,187	1,187
FEDERAL EXCISE TAX	3,549