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
Reynolds Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

38-3739715
B Telephone number (see instructions)

(800) 839-1754
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$54,344,617J 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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 9,987 9,987  
4 Dividends and interest from securities... 1,122,932 1,122,932  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 33,733
b Gross sales price for all assets on line 6a 3,835,478
7 Capital gain net income (from Part IV, line 2)... 33,733
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 110,641 167,357  
12 Total. Add lines 1 through 11........ 1,277,293 1,334,009  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 67,225 67,225    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 89,961      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 188,891 98,526   88,320
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 346,077 165,751   88,320
25 Contributions, gifts, grants paid....... 2,808,148 2,808,148
26 Total expenses and disbursements. Add lines 24 and 25 3,154,225 165,751   2,896,468
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,876,932
b Net investment income (if negative, enter -0-) 1,168,258
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......... 8,786,316 6,427,118 6,427,118
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) 4,022,050 Click to see attachment5,371,156 5,312,248
b Investments—corporate stock (attach schedule)....... 21,380,270 Click to see attachment22,157,678 30,214,780
c Investments—corporate bonds (attach schedule)....... 10,145,811 Click to see attachment8,694,413 8,355,147
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,827,473 Click to see attachment3,634,623 4,035,324
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) 48,161,920 46,284,988 54,344,617
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 48,161,920 46,284,988
30 Total net assets or fund balances (see instructions)..... 48,161,920 46,284,988
31 Total liabilities and net assets/fund balances (see instructions). 48,161,920 46,284,988
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
48,161,920
2
Enter amount from Part I, line 27a .....................
2
-1,876,932
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
46,284,988
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
46,284,988
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain      
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 3,835,478   3,647,677 187,801
b       -154,068
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       187,801
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 33,733
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 2,798,622 58,887,636 0.047525
2013 2,664,848 56,502,020 0.047164
2012 2,580,469 53,730,598 0.048026
2011 2,548,660 52,242,082 0.048786
2010 2,527,054 51,613,698 0.048961
2
Total of line 1, column (d) .....................
20.240462
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
0.048092
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
56,224,587
5
Multiply line 4 by line 3......................
5
2,703,953
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
11,683
7
Add lines 5 and 6........................
7
2,715,636
8
Enter qualifying distributions from Part XII, line 4.............
8
2,896,468
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 11,683
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 11,683
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 11,683
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 35,065
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 35,065
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 23,382
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet11,700 RefundedBullet 11 11,682
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
    Alison L Baird Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Timothy D Friedman Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Donald F Mintmire Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Patricia R Mintmire Managing Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Foundation Source Administrative 88,320
    55 Walls Drive 3rd fl
    Fairfield,CT06824
    Atlantic Trust Company NA Investment Mgt 67,225
    ONE SOUTH WACKER DR SUITE 3500
    CHICAGO,IL60606
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    45,211,747
    b
    Average of monthly cash balances.......................
    1b
    8,665,078
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,203,974
    d
    Total (add lines 1a, b, and c).........................
    1d
    57,080,799
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    57,080,799
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    856,212
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    56,224,587
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,811,229
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    2,811,229
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    11,683
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
    2,029
    c
    Add lines 2a and 2b............................
    2c
    13,712
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,797,517
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,797,517
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,797,517
    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
    2,896,468
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,896,468
    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
    11,683
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,884,785
    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 2,797,517
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 2,843,404
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 2,896,468
    a Applied to 2014, but not more than line 2a 2,843,404
    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..... 53,064
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		2,744,453
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015.... 0
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AIDS FOUNDATION OF CHICAGO
    200 W JACKSON BLVD STE 2100
    CHICAGO,IL60606     		N/A PC General & Unrestricted 65,000
    AIDS FOUNDATION OF CHICAGO
    200 W JACKSON BLVD STE 2100
    CHICAGO,IL60606     		N/A PC Charitable Event 25,000
    AIDS FOUNDATION OF CHICAGO
    200 W JACKSON BLVD STE 2100
    CHICAGO,IL60606     		N/A PC Charitable Event 10,000
    AIDS PROJECT LOS ANGELES INC
    611 S KINGSLEY DR
    LOS ANGELES,CA90005     		N/A PC General & Unrestricted 500
    ALEXANDRIA HOUSE
    426 S ALEXANDRIA AVE
    LOS ANGELES,CA90020     		N/A PC General & Unrestricted 1,000
    ALEXS LEMONADE STAND FOUNDATION
    333 E LANCASTER AVE 414
    WYNNEWOOD,PA19096     		N/A PC General & Unrestricted 10,000
    ALLIANCE FOR CHILDRENS RIGHTS
    3333 WILSHIRE BLVD
    LOS ANGELES,CA90010     		N/A PC General & Unrestricted 1,000
    AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC
    125 BROAD ST 18TH FL
    NEW YORK,NY10004     		N/A PC General & Unrestricted 500
    AMERICANS UNITED FOR SEPARATION OF CHURCH AND STAT
    1301 K ST NW STE 850E
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 1,000
    ANTI DEFAMATION LEAGUE FOUNDATION
    605 3RD AVE
    NEW YORK,NY10158     		N/A PC education programs 10,000
    AQUARIUM OF THE PACIFIC
    100 AQUARIUM WAY
    LONG BEACH,CA90802     		N/A PC General & Unrestricted 1,000
    ART INSTITUTE OF CHICAGO
    111 S MICHIGAN AVE
    CHICAGO,IL60603     		N/A PC General & Unrestricted 2,500
    ATI FOUNDATION
    790 REMINGTON BLVD
    BOLINGBROOK,IL60440     		N/A PC General & Unrestricted 500
    BLESSINGS IN A BACKPACK INC
    4121 SHELBYVILLE RD
    LOUISVILLE,KY40207     		N/A PC Benoist Farms Elementary School 1,000
    CALIFORNIA SCIENCE CENTER FOUNDATION
    700 EXPOSITION PARK DR
    LOS ANGELES,CA90037     		N/A PC General & Unrestricted 2,000
    CAPITAL REGION COMMUNITY FOUNDATION
    330 MARSHALL ST
    LANSING,MI48912     		N/A PC Camp Grayling Officers Club in honor of Nancy W. Karger 500
    CENTER FOR CHILD COUNSELING INC
    7731 N MILITARY TRAIL STE 4
    WEST PALM BEACH,FL33410     		N/A PC General & Unrestricted 15,500
    CENTRAL INSTITUTE FOR THE DEAF
    825 S TAYLOR AVE
    SAINT LOUIS,MO63110     		N/A PC General & Unrestricted 25,000
    CHESAPEAKE BAY FOUNDATION INC
    6 HERNDON AVE
    ANNAPOLIS,MD21403     		N/A PC General & Unrestricted 500
    CHICAGO CHILD CARE SOCIETY
    5467 S UNIVERSITY AVE
    CHICAGO,IL60615     		N/A PC General & Unrestricted 1,000
    CHICAGO CHILDRENS CHOIR
    78 E WASHINGTON ST
    CHICAGO,IL60602     		N/A PC General & Unrestricted 1,000
    CHICAGO HORTICULTURAL SOCIETY
    1000 LAKE COOK RD
    GLENCOE,IL60022     		N/A PC General & Unrestricted 8,500
    CHILDREN'S TUMOR FOUNDATION
    120 WALL ST 16TH FL
    NEW YORK,NY10005     		N/A PC Team Taub-Boca NF Walk 1,000
    CHILDRENS DEFENSE FUND
    25 E ST NW
    WASHINGTON,DC20001     		N/A PC General & Unrestricted 5,000
    CHILDRENS GOLF FOUNDATION INC
    7301 HAVERHILL RD N
    WEST PALM BEACH,FL33407     		N/A PC General & Unrestricted 500
    CHILDRENS HOME SOCIETY OF FLORIDA South Coastal D
    3333 FOREST HILL BLVD
    WEST PALM BEACH,FL33406     		N/A PC The Nell Smith Home Program 2,500
    CHILDRENS RESEARCH FUND
    225 E CHICAGO AVE BOX 4
    CHICAGO,IL60611     		N/A PC Charitable Event 10,000
    CHRISTOPHER HOUSE
    1611 W DIVISION ST STE 207
    CHICAGO,IL60622     		N/A PC General & Unrestricted 2,500
    CONGREGATION SOLEL
    1301 CLAVEY RD
    HIGHLAND PARK,IL60035     		N/A PC General & Unrestricted 1,000
    CROHNS & COLITIS FOUNDATION OF AMERICA
    733 3RD AVE STE 510
    NEW YORK,NY10017     		N/A PC General & Unrestricted 2,500
    DANIEL MURPHY SCHOLARSHIP FUND
    309 W WASHINGTON STE 1250
    CHICAGO,IL60606     		N/A PC General & Unrestricted 500
    DIAN FOSSEY GORILLA FUND
    800 CHEROKEE AVE
    ATLANTA,GA30315     		N/A PC General & Unrestricted 5,000
    EASTER SEALS METROPOLITAN CHICAGO INC
    1939 W 13TH ST STE 300
    CHICAGO,IL60608     		N/A PC General & Unrestricted 5,000
    EASTER SEALS METROPOLITAN CHICAGO INC
    1939 W 13TH ST STE 300
    CHICAGO,IL60608     		N/A PC School Project 1,000
    ENGAGING SCHOOLS INC
    23 GARDEN ST
    CAMBRIDGE,MA02138     		N/A PC General & Unrestricted 60,000
    EVANS SCHOLARS FOUNDATION
    1 BRIAR RD
    GOLF,IL60029     		N/A PC General & Unrestricted 2,500
    EVERYTOWN FOR GUN SAFETY SUPPORT FUND INC
    450 LEXINGTON AVE PO BOX 3886
    NEW YORK,NY10163     		N/A PC General & Unrestricted 40,000
    FAITH-HOPE-LOVE-CHARITY INC
    3175 S CONGRESS AVE STE 310
    PALM SPRINGS,FL33461     		N/A PC General & Unrestricted 100,000
    FLORIDAS CHILDREN FIRST INC
    1401 UNIVERSITY DR STE 408
    CORAL SPRINGS,FL33071     		N/A PC General & Unrestricted 5,000
    FOUNDCARE INC
    2330 S CONGRESS AVE
    WEST PALM BCH,FL33406     		N/A PC Comprehensive Aids Program (CAP) 50,000
    FRANCIS W PARKER SCHOOL
    330 W WEBSTER AVE
    CHICAGO,IL60614     		N/A PC General & Unrestricted 62,100
    FRANCIS W PARKER SCHOOL
    330 W WEBSTER AVE
    CHICAGO,IL60614     		N/A PC Auction Underwriting Scholarship Fund 5,000
    FRIENDS OF THE MOUNTS BOTANICAL GARDEN INC
    559 N MILITARY TRL
    WEST PALM BCH,FL33415     		N/A PC General & Unrestricted 500
    FRIENDS OF WLRN INC
    169 E FLAGLER ST
    MIAMI,FL33131     		N/A PC 101.9 Palm Beaches Campaign 5,000
    FULCRUM POINT NEW MUSIC PROJECT
    73 W MONROE ST
    CHICAGO,IL60603     		N/A PC General & Unrestricted 2,500
    GALAPAGOS CONSERVANCY INC
    11150 FAIRFAX BLVD STE 408
    FAIRFAX,VA22030     		N/A PC General & Unrestricted 1,000
    GARDEN SCHOOL FOUNDATION INC
    PO BOX 191300
    LOS ANGELES,CA90019     		N/A PC General & Unrestricted 5,000
    GARMENT WORKER CENTER
    1250 S LOS ANGELES ST STE 213
    LOS ANGELES,CA90015     		N/A PC General & Unrestricted 1,000
    GORILLA FOUNDATION
    1733 WOODSIDE RD STE 330
    REDWOOD CITY,CA94061     		N/A PC General & Unrestricted 2,000
    GUMBO LIMBO NATURE CENTER INC
    1801 N OCEAN BLVD
    BOCA RATON,FL33432     		N/A PC General & Unrestricted 1,000
    HIGH JUMP
    59 W N BLVD
    CHICAGO,IL60610     		N/A PC General & Unrestricted 155,000
    HISTORICAL SOCIETY OF PALM BEACH COUNTY
    PO BOX 4364
    WEST PALM BCH,FL33402     		N/A PC General & Unrestricted 2,500
    HOMEBOY INDUSTRIES
    130 BRUNO ST
    LOS ANGELES,CA90012     		N/A PC General & Unrestricted 20,000
    ISRAEL CANCER ASSOCIATION USA
    2751 S DIXIE HWY STE 3A
    WEST PALM BEACH,FL33405     		N/A PC General & Unrestricted 5,000
    JACK THE BIKE MAN INC
    PO BOX 17565
    WEST PALM BEACH,FL33416     		N/A PC General & Unrestricted 2,500
    JEWISH FEDERATION OF PALM BEACH COUNTY INC
    4601 COMMUNITY DR
    WEST PALM BEACH,FL33417     		N/A PC Charitable Event 2,500
    JUILLIARD SCHOOL
    60 LINCOLN CENTER PLZ
    NEW YORK,NY10023     		N/A PC General & Unrestricted 2,500
    KCRW FOUNDATION INC
    1900 PICO BLVD
    SANTA MONICA,CA90405     		N/A PC General & Unrestricted 5,000
    KEMP ELEMENTARY SCHOOL
    865 CORNER RD
    POWDER SPRINGS,GA30127     		N/A PC General & Unrestricted 1,000
    LA GOAL
    4911 OVERLAND AVE
    CULVER CITY,CA90230     		N/A PC General & Unrestricted 1,000
    LAKEVIEW PANTRY
    3945 N SHERIDAN RD
    CHICAGO,IL60613     		N/A PC General & Unrestricted 10,500
    LAMBDA LEGAL DEFENSE AND EDUCATION FUND INC
    120 WALL ST FL 19
    NEW YORK,NY10005     		N/A PC General & Unrestricted 15,000
    LARCHMONT SCHOOLS
    1265 N FAIRFAX AVE
    WEST HOLLYWOOD,CA90046     		N/A PC General & Unrestricted 85,750
    LEGAL SERVICES CORPORATION
    3333 K ST NW 3RD FL
    WASHINGTON,DC20007     		N/A PC General & Unrestricted 35,000
    LEHIGH UNIVERSITY
    27 MEMORIAL DR W
    BETHLEHEM,PA18015     		N/A PC General & Unrestricted 1,000
    LIVE LIKE KATIE FOUNDATION
    390 AMY CT
    GLEN ELLYN,IL60137     		N/A PC General & Unrestricted 25,000
    LOGGERHEAD MARINELIFE CENTER INC
    14200 US HWY 1
    JUNO BEACH,FL33408     		N/A PC General & Unrestricted 5,000
    LORDS PLACE INC
    2808 N AUSTRALIAN AVE
    WEST PALM BEACH,FL33407     		N/A PC General & Unrestricted 126,500
    LOS ANGELES COALITION TO END HUNGER AND HOMELESSNE
    3300 WILSHIRE BLVD STE 310
    LOS ANGELES,CA90010     		N/A PC General & Unrestricted 10,000
    LOS ANGELES COUNTY MUSEUM OF NATURAL HISTORY FOUND
    900 EXPOSITION BLVD
    LOS ANGELES,CA90007     		N/A PC General & Unrestricted 2,000
    LOS ANGELES HOUSE OF RUTH
    605 N CUMMINGS ST
    LOS ANGELES,CA90033     		N/A PC General & Unrestricted 1,000
    LOS ANGELES YOUTH NETWORK LA YOUTH
    1754 TAFT AVE
    LOS ANGELES,CA90028     		N/A PC General & Unrestricted 5,000
    LYNN SAGE FOUNDATION
    141 W JACKSON BLVD STE 1702
    CHICAGO,IL60604     		N/A PC General & Unrestricted 2,500
    MAKE-A-WISH FOUNDATION OF ILLINOIS INC
    640 N LA SALLE DR STE 280
    CHICAGO,IL60654     		N/A PC General & Unrestricted 1,000
    MARCH OF DIMES FOUNDATION
    111 W JACKSON BLVD STE 2200
    CHICAGO,IL60604     		N/A PC General & Unrestricted 250
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC General & Unrestricted 30,000
    MENTAL HEALTH AMERICA INC
    500 MONTGOMERY ST STE 820
    ALEXANDRIA,VA22314     		N/A PC General & Unrestricted 10,000
    MIDWEST PALLIATIVE & HOSPICE CARECENTER
    2050 CLAIRE CT
    GLENVIEW,IL60025     		N/A PC General & Unrestricted 500
    MUSEUM OF SCIENCE AND INDUSTRY
    5700 S LAKE SHORE DR
    CHICAGO,IL60637     		N/A PC General & Unrestricted 5,000
    MUSIC AND DANCE THEATER CHICAGO INC
    205 E RANDOLPH ST
    CHICAGO,IL60601     		N/A PC General & Unrestricted 500
    NAMI FLORIDA INC
    5205 GREENWOOD AVE STE 110
    WEST PALM BCH,FL33407     		N/A PC General & Unrestricted 5,000
    NATIONAL PARKS CONSERVATION ASSOCIATION
    777 6TH ST NW STE 700
    WASHINGTON,DC20001     		N/A PC General & Unrestricted 1,000
    NORTHWESTERN UNIVERSITY
    1201 DAVIS ST 3RD FL
    EVANSTON,IL60208     		N/A PC General & Unrestricted 100,000
    ONEKID ONEWORLD INC
    10525 OAKLAWN RD
    LOS ANGELES,CA90064     		N/A PC General & Unrestricted 1,000
    OUNCE OF PREVENTION FUND
    33 W MONROE ST STE 2400
    CHICAGO,IL60603     		N/A PC General & Unrestricted 500
    OUR TIME
    12154 DARNESDOWN RD 209
    GAITHERSBURG,MD20878     		N/A PC General & Unrestricted 5,000
    P S ARTS
    1728 ABBOT KINNEY BLVD STE 101
    VENICE,CA90291     		N/A PC General & Unrestricted 25,000
    PABLOVE FOUNDATION INC
    6607 W SUNSET BLVD
    LOS ANGELES,CA90028     		N/A PC General & Unrestricted 1,000
    PALM BEACH CIVIC ASSOCIATION INC
    139 N COUNTY RD STE 33
    PALM BEACH,FL33480     		N/A PC General & Unrestricted 2,500
    PALM BEACH COUNTY FOOD BANK INC
    525 GATOR DR
    LANTANA,FL33462     		N/A PC General & Unrestricted 125,000
    PALM BEACH DRAMAWORKS INC
    201 CLEMATIS ST
    WEST PALM BCH,FL33401     		N/A PC General & Unrestricted 25,000
    PALM BEACH DRAMAWORKS INC
    201 CLEMATIS ST
    WEST PALM BCH,FL33401     		N/A PC Palm Beach DramaWorks Dinner Dance 2,500
    PALM BEACH FELLOWSHIP OF CHRISTIANS
    PO BOX 507
    PALM BEACH,FL33480     		N/A PC General & Unrestricted 2,500
    PALM BEACH HABILITATION CENTER INC
    4522 S CONGRESS AVE
    LAKE WORTH,FL33461     		N/A PC General & Unrestricted 500,000
    PALM BEACH PUBLIC SCHOOL ORCHESTRAL STRINGS FOUNDA
    PO BOX 2825
    PALM BEACH,FL33480     		N/A PC General & Unrestricted 5,000
    PARK SCHOOL CORPORATION
    171 GODDARD AVE
    BROOKLINE,MA02445     		N/A PC General & Unrestricted 10,000
    PARK SCHOOL CORPORATION
    171 GODDARD AVE
    BROOKLINE,MA02445     		N/A PC The Ruth Williams Fund for Tuition Assistance 10,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA INC
    123 WILLIAMS ST 10TH FL
    NEW YORK,NY10038     		N/A PC General & Unrestricted 100,000
    PLANNED PARENTHOOD LOS ANGELES
    400 W 30TH ST
    LOS ANGELES,CA90007     		N/A PC General & Unrestricted 2,000
    PLANNED PARENTHOOD OF ILLINOIS
    18 S MICHIGAN AVE NO 6TH FL
    CHICAGO,IL60603     		N/A PC General & Unrestricted 20,000
    PLANNED PARENTHOOD OF SOUTH FLORIDA AND THE TREASU
    2300 N FLORIDA MANGO RD
    WEST PALM BCH,FL33409     		N/A PC General & Unrestricted 501,000
    PLANNED PARENTHOOD OF SOUTH FLORIDA AND THE TREASU
    2300 N FLORIDA MANGO RD
    WEST PALM BCH,FL33409     		N/A PC Charitable Event 1,000
    PLANNED PARENTHOOD OF SOUTH FLORIDA AND THE TREASU
    2300 N FLORIDA MANGO RD
    WEST PALM BCH,FL33409     		N/A PC Charitable Event 6,000
    PRESERVATION FOUNDATION OF PALM BEACH INC
    311 PERUVIAN AVE
    PALM BEACH,FL33480     		N/A PC General & Unrestricted 500
    RAVINIA FESTIVAL ASSOCIATION
    418 SHERIDAN RD
    HIGHLAND PARK,IL60035     		N/A PC General & Unrestricted 2,500
    RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS IN
    701 OKEECHOBEE BLVD
    WEST PALM BCH,FL33401     		N/A PC General & Unrestricted 12,500
    RELIGIOUS COALITION FOR REPRODUCTIVE CHOICE EDUCAT
    1413 K ST NW 14TH FL NO 1400
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 2,500
    RUSH UNIVERSITY MEDICAL CENTER
    1700 W VAN BUREN ST STE 250
    CHICAGO,IL60612     		N/A PC intended to support the research and education programs in Dr. Reiser's department and under his direction 10,000
    SHARE OUR STRENGTH INC
    1030 15TH ST NW STE 1100W
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 540
    SHEDD AQUARIUM SOCIETY
    1200 S LAKE SHORE DR
    CHICAGO,IL60605     		N/A PC General & Unrestricted 2,500
    SIMMONS COLLEGE
    300 THE FENWAY
    BOSTON,MA02115     		N/A PC School of Social Work Scholarship Fund 25,000
    SOCIETY OF THE FOUR ARTS
    2 FOUR ARTS PLZ
    PALM BEACH,FL33480     		N/A PC General & Unrestricted 5,000
    SOUTH FLORIDA PBS INC
    14901 NE 20TH AVE
    NORTH MIAMI,FL33181     		N/A PC General & Unrestricted 10,000
    SOUTHERN CALIFORNIA COUNSELING CENTER
    5615 W PICO BLVD
    LOS ANGELES,CA90019     		N/A PC General & Unrestricted 1,000
    TASC INC
    700 S CLINTON ST
    CHICAGO,IL60607     		N/A PC Matching fund effort for SRC program 5,000
    TEACH FOR AMERICA-CHICAGO
    300 W ADAMS ST STE 1000
    CHICAGO,IL60606     		N/A PC General & Unrestricted 20,000
    TENNIS OPPORTUNITY PROGRAM INCORPORATED
    332 S MICHIGAN AVE STE 1032 T530
    CHICAGO,IL60604     		N/A PC General & Unrestricted 1,000
    THE CHICAGO ACADEMY OF MUSIC FOUNDATION
    5655 S UNIVERSITY AVE
    CHICAGO,IL60637     		N/A PC General & Unrestricted 10,000
    THE EDIBLE SCHOOLYARD PROJECT - DBA CHEZ PANISSE F
    1517 SHATTUCK AVE
    BERKELEY,CA94709     		N/A PC General & Unrestricted 15,000
    TOWN OF PALM BEACH
    360 S COUNTY RD
    PALM BEACH,FL33480     		N/A PC General & Unrestricted 1,000
    TOWN OF PALM BEACH UNITED WAY INC
    44 COCOANUT ROW STE 201
    PALM BEACH,FL33480     		N/A PC Planned Parenthood of South Florida and the Treasure Coast and General & Unrestricted 15,000
    TRINITY COLLEGE
    300 SUMMIT ST
    HARTFORD,CT06106     		N/A PC General & Unrestricted 500
    UNITED STATES FUND FOR UNICEF
    500 N MICHIGAN AVE STE 1000
    CHICAGO,IL60611     		N/A PC General & Unrestricted 25,000
    UNITED STATES FUND FOR UNICEF
    125 MAIDEN LN FL 11
    NEW YORK,NY10038     		N/A PC General & Unrestricted 5,000
    UNIVERSITY OF CHICAGO - SMART MUSEUM OF ART
    5550 S GREENWOOD AVE
    CHICAGO,IL60637     		N/A PC General & Unrestricted 1,000
    UNIVERSITY OF CHICAGO WOMEN'S BOARD
    5801 S ELLIS AVE RM 302
    CHICAGO,IL60637     		N/A PC General & Unrestricted 5,000
    UNIVERSITY OF KENTUCKY
    100 STURGILL BLDG
    LEXINGTON,KY40506     		N/A PC College of Law Dean's Discretionary Fund 5,000
    VIOLENCE POLICY CENTER
    1730 RHODE ISLAND AVE NW STE 1014
    WASHINGTON,DC20036     		N/A PC General & Unrestricted 40,000
    WANER CHILDRENS VASCULAR ANOMALY FOUNDATION
    210 E 64TH ST 7TH FL
    NEW YORK,NY10065     		N/A PC General & Unrestricted 1,008
    WOLCOTT SCHOOL
    524 N WOLCOTT AVE
    CHICAGO,IL60622     		N/A PC General & Unrestricted 3,000
    ZIMMER CHILDRENS MUSEUM
    6505 WILSHIRE BLVD 1ST FL
    LOS ANGELES,CA90048     		N/A PC General & Unrestricted 2,000
    Total .................................bullet 3a 2,808,148
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 9,987  
    4 Dividends and interest from securities....     14 1,122,932  
    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 33,733  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -56,719 14 167,360  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -56,719 1,334,012  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,277,293
    (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

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

    TY 2015 DepreciationSchedule
    Name:
    Reynolds Family Foundation
    EIN:
    38-3739715
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Reynolds Family Foundation
    EIN:
    38-3739715
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK AMER FDG CORP MTN-L - 5.6 290,687 268,828
    BERKSHIRE HATHAWAY INC DEL - 3 433,552 421,564
    BLACKROCK INC - 5.000% - 12/10 300,828 276,214
    BLACKROCK INC NOTE - 4.250% - 220,968 216,172
    CHEVRON CORP NOTES - 4.950% - 432,423 435,803
    CISCO SYSTEMS INC - 3.625% - 0 206,132 208,654
    CISCO SYSTEMS INC - 4.450% - 0 438,431 435,224
    CITIGROUP INC - 4.450% - 01/10 273,452 257,541
    DU PONT E I DE NEMOURS & CO - 452,045 423,828
    GENERAL ELECTRIC CO - 5.250% - 641,336 587,688
    GLAXOSMITHKLINE CAP - 5.650% - 301,455 272,470
    GOOGLE INC - 3.625% - 05/19/20 434,397 425,924
    HONEYWELL INTL - 5.000% - 02/1 217,078 219,008
    IBM CORP NOTES - 5.700% - 09/1 333,869 321,775
    INTEL CORP NOTE - 3.300% - 10/ 425,873 414,328
    JP MORGAN CHASE - 3.450% - 03/ 214,056 200,834
    JPMORGAN CHASE & CO SR NT - 6. 484,580 432,024
    MORGAN STANLEY SR NT-F - 4.750 221,203 207,164
    NBCUNIVERSAL MEDIA LLC - 2.875 318,067 301,464
    ORACLE CORP - 5.250% - 01/15/2 319,236 300,192
    PEPSICO INC - 5.000% - 06/01/2 285,840 324,237
    PEPSICO INC NOTES - 4.500% - 0 455,689 434,436
    SHELL INTERNATIONAL FIN - 4.30 422,275 426,320
    WAL MART STORES INC NT - 4.250 277,176 275,245
    WELLS FARGO - 5.625% - 12/11/2 293,765 268,210

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Reynolds Family Foundation
    EIN:
    38-3739715
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AETNA INC 67,249 165,424
    ALLERGAN PLC 204,667 224,688
    ALLIANCE DATA SYSTEM CORP 60,484 105,097
    ALPHABET INC CL A 43,657 95,695
    ALPHABET INC CL C 187,276 287,616
    AMAZON COM 162,481 335,917
    AMERICAN EXPRESS CO 112,249 99,109
    ANADARKO PETROLEUM CORP 153,430 106,147
    APPLE INC 218,485 266,203
    AT&T, INC 502,024 461,094
    AUTOMATIC DATA PROCESSING INC 156,690 243,570
    BANK OF AMERICA CORP 209,430 194,218
    BLACKROCK INC 54,045 101,475
    BOEING CO 77,642 141,698
    BP PLC SPONSORED ADR 508,964 246,079
    CAPITAL ONE FINANCIAL CORP 128,080 155,909
    CIGNA 103,064 108,284
    CISCO SYSTEMS INC 123,056 159,943
    CITIGROUP INC 99,810 118,973
    CITRIX SYSTEMS INC 83,357 102,884
    COLGATE-PALMOLIVE COMPANY 5,600,506 9,473,896
    COMCAST CORP 146,462 198,069
    CVS CAREMARK CORP 82,306 171,098
    DANAHER CORP 108,142 191,797
    DOLLAR GENERAL CORP 90,211 139,428
    EMC CORP-MASS 148,551 153,310
    EOG RESOURCES INC 78,858 66,189
    EQT CORPORATION 41,111 44,050
    EXPRESS SCRIPTS HOLDING CO 134,111 187,932
    FEDERAL NATIONAL MTG ASSN 502,253 66,325
    FIDELITY NATIONAL INFORMATION 49,234 94,778
    FISERV INC 56,499 130,788
    FREDDIE MAC 8.375% PERPETUAL 498,648 63,240
    GENERAL ELECTRIC CO 154,703 223,501
    GENERAL MOTORS 8,099 3,571
    GENERAL MTRS CO WARRANT EXP 07 5,303 2,310
    GM CP SR NT - 7.375% - 05/15/2 1,809  
    GRAMERCY PROPERTY TRUST INC 4,272 733
    HOME DEPOT INC 135,950 225,486
    ING GROEP DEBT - 6.200% - PERP 25,450 25,500
    ISHARE SP SMALL CAP 600 INDEX 2,011,182 3,028,025
    ISHARES S&P 500 INDEX FD 2,010,174 2,663,310
    ISHARES TR DJ SEL DIVIDEND INX 504,338 811,620
    ISHARES TR S & P MIDCAP 400 IN 2,007,225 3,051,108
    ISHARES TRUST RUSSELL 1000 GRO 502,726 815,736
    JOHN HANCOCK PFD EQ INC FUND 25,550 20,020
    JOHNSON & JOHNSON 129,697 167,947
    JP MORGAN CHASE 124,252 196,769
    KINDER MORGAN INC 295,895 106,290
    MACY'S INC 182,118 118,407
    MEDTRONIC PLC 242,527 242,606
    MERCK & CO INC 97,067 127,296
    MICROSOFT CORP 165,059 274,903
    MORGAN STANLEY CAP TR IV PFD - 49,920 50,740
    MOTORS LIQ CO GUC TR UBI   364
    NEXTERA ENERGY, INC 102,674 100,254
    NUVEEN QUALITY PREFERRED INC F 29,710 18,220
    OMNICOM GROUP 85,906 91,927
    ORACLE CORP 148,547 181,919
    PEPSICO INC 88,910 118,905
    PIONEER MUNICIPAL HIGH INC TR 15,240 13,530
    PLUM CREEK TIMBER REIT 19,440 23,860
    PRAXAIR INC 115,066 120,832
    PRUDENTIAL FINCL INC 199,459 185,615
    PRUDENTIAL PLC - 6.500% - PERP 25,550 26,670
    QUALCOMM INC 66,600 49,735
    RBS CAP FDG TR VII GTD TR PFD 25,150 24,930
    SIMON PPTY GROUP INC 94,685 121,525
    STRYKER CORPORATION 85,774 140,804
    THERMO FISHER SCIENTIFIC INC 68,290 70,925
    TJX COMPANIES INC 86,754 123,029
    TOUCHSTONE FDS GROUP TR SMLCAP 131,970 125,311
    TUPPERWARE CORP 204,179 509,531
    TYCO INTERNATIONAL LTD 136,004 107,310
    UNION PACIFIC 103,094 104,788
    UNITED TECHNOLOGIES CORP 93,250 117,686
    UNITEDHEALTH GROUP INC 79,078 179,989
    US BANCORP 142,295 165,133
    V F CORP 61,536 95,865
    VERIZON COMMUNICATIONS 159,278 151,833
    VISA INC 76,531 124,545
    WELLS FARGO & CO 105,323 172,865
    WILLIAMS COS 131,037 90,079

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    Reynolds Family Foundation
    EIN:
    38-3739715
    US Government Securities - End of Year Book Value:

    5,371,156
    US Government Securities - End of Year Fair Market Value:

    5,312,248
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2015 InvestmentsOtherSchedule2
    Name:
    Reynolds Family Foundation
    EIN:
    38-3739715
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AT MLP FUND, LLC   3,543,024 3,203,974
    ENTERPRISE PRODUCTS PARTNERS L   91,599 831,350

    TY 2015 OtherExpensesSchedule
    Name:
    Reynolds Family Foundation
    EIN:
    38-3739715
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 88,320     88,320
    Bank Charges 223 223    
    K-1 Exp AT MLP FUND, LLC 100,314 98,303    
    K-1 Exp ENTERPRISE PRODUCTS PA 34      


    TY 2015 OtherIncomeSchedule2
    Name:
    Reynolds Family Foundation
    EIN:
    38-3739715
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss AT MLP FUND, LLC 80,567 167,619  
    K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP 30,074 -262  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Reynolds Family Foundation
    EIN:
    38-3739715
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 67,225 67,225    


    TY 2015 TaxesSchedule
    Name:
    Reynolds Family Foundation
    EIN:
    38-3739715
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 32,900      
    990-PF Extension for 2014 1,561      
    990-T 1st Extension for 2014 50,900      
    STATE INCOME TAX 2014 4,600