Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
THE KL FELICITAS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O LSB 310 GRANT ST NO 1020
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15219
A Employer identification number

77-0539366
B Telephone number (see instructions)

(408) 316-1922
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$9,782,532J 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)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 4,702 4,702  
4 Dividends and interest from securities... 212,489 242,427  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 740,867
b Gross sales price for all assets on line 6a 3,615,593
7 Capital gain net income (from Part IV, line 2)... 741,909
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 16,001 590  
12 Total. Add lines 1 through 11........ 974,059 989,628  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 125 0   125
b Accounting fees (attach schedule)....... Click to see attachment 22,414 11,371   11,043
c Other professional fees (attach schedule).... Click to see attachment 317,528 79,079   238,449
17 Interest............... 11,833 11,833   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 26,795 14,280   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 117,622 0   117,622
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 135,674 116,457   18,744
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 631,991 233,020   385,983
25 Contributions, gifts, grants paid....... 241,261 241,261
26 Total expenses and disbursements. Add lines 24 and 25 873,252 233,020   627,244
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 100,807
b Net investment income (if negative, enter -0-) 756,608
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............. 4,602 16,851 16,851
2 Savings and temporary cash investments......... 9,486 92,506 92,506
3 Accounts receivable bullet865
Less: allowance for doubtful accounts bullet   3,703 865 865
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) bullet200,000
Less: allowance for doubtful accounts bullet0 249,651 200,000 105,447
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,232,878 Click to see attachment8,327,491 9,566,863
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) 9,500,320 8,637,713 9,782,532
Liabilities 17 Accounts payable and accrued expenses..........   92,530
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) Click to see attachment22,730 Click to see attachment17,629
23 Total liabilities (add lines 17 through 22)......... 22,730 110,159
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 9,477,590 8,527,554
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 9,477,590 8,527,554
31 Total liabilities and net assets/fund balances (see instructions). 9,500,320 8,637,713
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
9,477,590
2
Enter amount from Part I, line 27a .....................
2
100,807
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,578,397
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,050,843
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,527,554
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 ACCESS CAPITAL COMMUNITY INVST CL I      
b MICROVEST I SELF-LIQUIDATING TRUST LP P 2012-01-01 2015-12-31
c BEARTOOTH CAPITAL I, LP P    
d BEARTOOTH CAPITAL II, LP P    
e BEARTOOTH CAPITAL II, LP P    
DMW INCOME FUNDS P    
EKO GREEN CARBON FUND LP P    
EKO GREEN CARBON FUND LP P    
LEGACY VENTURE III LLC P    
LEGACY VENTURE III LLC P    
LEGACY VENTURE III LLC P    
LEGACY VENTURE IV LLC P    
LEGACY VENTURE IV LLC P    
LEGACY VENTURE IV LLC P    
THE LYME FOREST FUND III TE LP P    
MICROVEST II LP P    
MICROVEST SHORT DURATION FUND L P    
MICROVEST SHORT DURATION FUND L P    
MICROVEST+PLUS LP P    
MICROVEST+PLUS LP P    
SONEN GLOBAL FIXED INCOME FUND LP P    
SONEN GLOBAL FIXED INCOME FUND LP P    
SONEN GLOBAL PUBLIC EQUITY FUND LP P    
SONEN GLOBAL PUBLIC EQUITY FUND LP P    
SONEN GLOBAL SUSTAINABLE REAL ASSETS LP P    
CORE INNOVATION CAPITAL I LP P    
AWJ GLOBAL SUSTAINABLE FUND P   2015-12-22
FCOI II HOLDINGS P    
SONEN US FIXED INCOME P   2015-01-01
SONEN US PUBLIC EQUITY P   2015-01-01
SUMMIT OFFSHORE EQUITY WATER FUND P   2015-03-31
MICROVEST SHORT DURATION FUND L P    
MICROVEST SHORT DURATION FUND L P    
MICROVEST+PLUS LP P    
MICROVEST+PLUS LP P    
EURO CONVERSIONS P 2015-06-02 2015-06-17
EURO CONVERSIONS P 2015-10-19 2015-12-10
(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 644,670   647,564 -2,894
b 3,760   8,756 -4,996
c     1,117 -1,117
d 2,114     2,114
e 3,680     3,680
268     268
10,954     10,954
8,962     8,962
26     26
65,534     65,534
    1 -1
641     641
163,229     163,229
    2 -2
117     117
    2,364 -2,364
    5 -5
    684 -684
12     12
805     805
    16,575 -16,575
    20,355 -20,355
110,960     110,960
139,028     139,028
    13 -13
    3,066 -3,066
28,594   24,012 4,582
412   448 -36
1,113,575   1,100,848 12,727
1,173,044   879,491 293,553
121,467   144,856 -23,389
      0
      0
      0
2,299   2,299 0
19,407   19,117 290
2,035   2,111 -76
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       -2,894
b       -4,996
c       -1,117
d       2,114
e       3,680
      268
      10,954
      8,962
      26
      65,534
      -1
      641
      163,229
      -2
      117
      -2,364
      -5
      -684
      12
      805
      -16,575
      -20,355
      110,960
      139,028
      -13
      -3,066
      4,582
      -36
      12,727
      293,553
      -23,389
      0
      0
      0
      0
      290
      -76
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 2 741,909
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 616,249 10,273,767 0.059983
2013 539,938 10,107,760 0.053418
2012 463,034 9,826,657 0.047120
2011 513,608 10,263,453 0.050042
2010 515,747 9,886,104 0.052169
2
Total of line 1, column (d) .....................
20.262732
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
0.052546
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
9,689,346
5
Multiply line 4 by line 3......................
5
509,136
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
7,566
7
Add lines 5 and 6........................
7
516,702
8
Enter qualifying distributions from Part XII, line 4.............
8
718,923
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 7,566
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 7,566
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,566
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 18,157
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 18,157
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 10,591
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet10,591 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
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)
    bulletCA
    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 addressbulletKLFELICITASFOUNDATION.ORG
    14
    The books are in care ofbulletMUSCARA PASQUINELLI Telephone no.bullet (408) 554-2060

    Located atbullet1960 THE ALAMEDA SUITE 150SAN JOSECA ZIP+4bullet95126
    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?
    16Yes  
    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 bulletNL
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........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
    LISA KLEISSNER PRESIDENT
    30.00     		0 0 0
    310 GRANT STREET SUITE 1020
    PITTSBURGH,PA15219
    ALEX KLEISSNER VICE PRESIDENT
    5.00     		0 0 0
    310 GRANT STREET SUITE 1020
    PITTSBURGH,PA15219
    ANDREA KLEISSNER TREASURER
    5.00     		0 0 0
    310 GRANT STREET SUITE 1020
    PITTSBURGH,PA15219
    KARL KLEISSNER SECRETARY
    30.00     		0 0 0
    310 GRANT STREET SUITE 1020
    PITTSBURGH,PA15219
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    SONEN CAPITAL INVESTMENT ADVISORY 155,879
    50 OSGOOD PLACE
    SAN FRANCISCO,CA94133
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 SOCIAL STOCK EXCHANGE 50,900
    2 ADOBE SOCIAL MEZZANINE FUND 20,779
    All other program-related investments. See instructions.
    3 Click to see attachment 20,000
    Total. Add lines 1 through 3.........................bullet91,679
    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
    3,989,150
    b
    Average of monthly cash balances.......................
    1b
    -134,729
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,982,478
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,836,899
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,836,899
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    147,553
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,689,346
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    484,467
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    484,467
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    7,566
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,566
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    476,901
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    51,091
    5
    Add lines 3 and 4............................
    5
    527,992
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    527,992
    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
    627,244
    b
    Program-related investments—total from Part IX-B..................
    1b
    91,679
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    718,923
    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
    7,566
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    711,357
    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 7 527,992
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 457,709
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 718,923
    a Applied to 2014, but not more than line 2a 457,709
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 261,214
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		266,778
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		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....  
    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).)
    LISA KLEISSNER
    KARL KLEISSNER
    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
    EQUAL ACCESS
    1212 MARKET STREET SUITE 200
    SAN FRANCISCO,CA94102     		NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    FROM PASSTHROUGH ENTITY - LEGACY VENTURE IV LLC
    180 LYTTON AVE
    PALO ALTO,CA94301     		NONE PUBLIC CHARITY GENERAL SUPPORT 7
    IMPACT ASSETS INC
    7315 WISCONSIN AVENUE
    BETHESDA,MD20814     		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000
    KUUMBA JAZZ
    320 CEDAR STREET
    SANTA CRUZ,CA95060     		NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    MID-COAST FIRE BRIGADE
    PALO COLORADO ROAD
    CARMEL,CA93923     		NONE PUBLIC CHARITY GENERAL SUPPORT 500
    SEABURY HALL HIGH SCHOOL
    480 OLINDA ROAD
    MAKAWAO,HI96768     		NONE PUBLIC CHARITY GENERAL SUPPORT 500
    SOCIAL IMPACT INTERNATIONAL
    PO BOX 218
    BIG SUR,CA93920     		COMMON OFFICERS & DIRECTORS PRIVATE FOUNDATION GENERAL SUPPORT 30,000
    TED CONFERENCES LLC
    205 HUDSON STREET SUITE 1002
    NEW YORK,NY10013     		NONE PUBLIC CHARITY GENERAL SUPPORT 12,000
    THE NROC PROJECT
    THE MONTEREY INSTITUTE OF TECHNOLOG
    AND EDUCATION
    MARINA,CA93933     		NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    TONIIC INSTITUTE
    901 MISSION STREET SUITE 205
    SAN FRANCISCO,CA94103     		COMMON DIRECTORS PRIVATE FOUNDATION GENERAL SUPPORT 51,250
    FROM PASSTHROUGH ENTITY - THE LYME FOREST FUND III TE LP
    23 SOUTH MAIN ST 3RD FLOOR
    HANOVER,NH03755     		NONE PUBLIC CHARITY GENERAL SUPPORT 504
    CENTRO DE NEGOCIOS SUSTANABLES AC
    CORINA 59 COL DEL CARMEN
    COYOACAN   04100
    MX     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    THE PHILANTHROPY WORKSHOP WEST
    ONE LETTERMAN DRIVE D3100
    SAN FRANCISCO,CA94129     		NONE PUBLIC CHARITY GENERAL SUPPORT 17,000
    PLANNED PARENTHOOD
    1691 THE ALAMEDA
    SAN JOSE,CA95126     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,050
    NEW PHILANTHROPY CAPITAL
    185 PARK STREET
    LONDON   SE1 9BL
    UK     		NONE PUBLIC CHARITY GENERAL SUPPORT 50,450
    THE CAPITAL INSTITUTE
    73 ARCH STREET 3RD FLOOR
    GREENWICH,CT06830     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    SANTA CLARA UNIVERSITY
    500 EL CAMINO REAL
    SANTA CLARA,CA95053     		NONE PUBLIC CHARITY CENTER FOR SCIENCE, TECHNOLOGY AND SOCIETY GLOBAL SOCIAL BENEFIT INCUBATOR 20,000
    Total .................................bullet 3a 241,261
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 4,702  
    4 Dividends and interest from securities.... 523000 773 14 211,716  
    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..... 523000 8,612 14 7,389  
    8
    Gain or (loss) from sales of assets other than inventory ............     		523000 2,231 18 738,636  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 11,616 962,443 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13974,059
    (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
    SOCIAL IMPACT INTERNATIONAL PRIVATE FOUNDATION COMMON OFFICERS AND DIRECTORS.
    TONIIC INSTITUTE PRIVATE FOUNDATION COMMON OFFICERS AND DIRECTORS.
    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

    TY 2015 AccountingFeesSchedule
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 22,414 11,371   11,043

    TY 2015 AllOthProgRltdInvestmentsSch
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Category Amount
    BETTER VENTURES FUND II LP 20,000

    TY 2015 GeneralExplanationAttachment
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Identifier Return Reference Explanation
    CONTROLLED FOREIGN PARTNERSHIP REPORTING FORM 990-PF LINE 11 THE TAXPAYER MAY BE REQUIRED TO FILE US FORM 8865 BUT IS NOT DOING SO UNDER THE CONSTRUCTIVE OWNERSHIP EXCEPTION.THE TAXPAYER HAS AN INTEREST IN MICROVEST SHORT DURATION FUND LP, 7315 WISCONSIN AVENUE, SUITE 300W, BETHESDA, MD 20814, EIN 27-2971077, WHICH FILED FORMS 8865 OR WAS A PARTNER IN FUNDS THAT FILED FORMS 8865 FOR THE YEAR ENDED DECEMBER 31, 2015.

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SONEN GLOBAL FIXED INCOME FUND AT COST 2,025,075 1,914,186
    SONEN GLOBAL PUBLIC EQUITY FUND AT COST 2,599,805 3,611,579
    SERIES AE FCOI II HOLDINGS LP AT COST 7,517 6,897
    GRASS ROOTS BUSINESS INVESTMENT FUND AT COST 147,501 14,774
    IMPACT ASSETS AT COST 50,000 50,000
    SMV WHEELS PRIVATE LTD AT COST 57,500 50,000
    SOCIAL IMPACT PARTNERSHIP AT COST 34,910 46,455
    TRIODOS BANK AT COST 156,864 152,894
    OUTSOURCED ASSETS LLC AT COST 14,113 12,906
    PERSISTENT ENERGY PARTNERS AT COST 3,304 1,000
    NON-CORE LIQUIDATING AT COST 3,823 3,753
    BEARTOOTH CAPITAL I LP AT COST 57,856 34,280
    BEARTOOTH CAPITAL II AT COST 25,090 29,019
    CORE INNOVATION CAP FUND AT COST 82,349 111,953
    DWM MICROFINANCE FUND AT COST 9,206 7,140
    FORESTRY & AGRICULTURAL INV FUND AT COST 194,543 100,000
    MICROVEST II LP AT COST 44,060 45,228
    MICROVEST SHORT DURATION AT COST 113,697 114,465
    MICROVEST+PLUS LP AT COST 147,590 121,200
    MINLAM MICROFINANCE OFFSHORE FUND AT COST 100,000 113,016
    PURPOSE GLOBAL AT COST 85,271 99,470
    SAIL SAFE WATER PARTNERS LP AT COST 67,133 66,962
    SOUTHERN BANKCORP AT COST 25,152 25,152
    LEGACY VENTURE III LLC AT COST 180,432 256,266
    LEGACY VENTURE IV LLC AT COST 557,897 1,127,779
    ASIA ENVIRONMENTAL PARTNERS AT COST 90,479 99,082
    CLEANTECH EUROPE I (B) AT COST 60,180 29,060
    CLEANTECH EUROPE II (A) AT COST 107,475 103,181
    ECOSYSTEM INVESTMENT PARTNERS AT COST 87,541 94,908
    EKO GREEN CARBON FUND AT COST 30,193 50,348
    LYNME FOREST FUND III LP AT COST 41,563 61,752
    BIOLITE LLC AT COST 95,456 89,737
    LIVING FOREST ONE LP AT COST 44,457 49,632
    RSF SOCIAL INVESTMENT FUND AT COST 2,367 3,008
    ACUMEN CAPITAL MARKETS I LP AT COST 94,857 95,680
    HEALTHPOINT SERVICES INVESTMENT AT COST 50,000 10,470
    PBK WASTE SOLUTIONS PVT LTD AT COST 33,605 33,605
    ADOBE SOCIAL MEZZANINE FUND I LP AT COST 24,591 37,419
    GEBRUDER STITCH AT COST 136,729 136,729
    BETTER VENTURES FUND II AT COST 36,311 38,924
    MA'O ORGANIC AT COST 100,000 10,000
    IMPACT ASSETS ZERO COUPON NOTE AT COST 50,000 50,000
    SONEN GLOBAL SUSTAINABLE REAL ASSET FUND AT COST 27,692 27,098
    SOCIAL STOCK EXCHANGE AT COST 50,899 50,900
    ECOTRUST FORESTS II LLC AT COST 20,969 21,441
    ACCESS CAPITAL AT COST 351,439 347,322
    PICO BONITO AT COST 0 10,193

    TY 2015 LegalFeesSchedule
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 125 0   125


    TY 2015 OtherDecreasesSchedule
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Description Amount
    BOOK/TAX DIFFERENCES 1,050,843


    TY 2015 OtherExpensesSchedule
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSES FEES & PERMITS 150 0   150
    SONEN GLOBAL PUBLIC EQUITY FUND 50,431 50,431   0
    LEGACY VENTURE III LLC 6,359 6,359   0
    OUTSOURCED ASSETS LLC 467 467   0
    PERSISTENT ENERGY PARTNERS FUND I LLC 408 408   0
    EKO GREEN CARBON FUND LP 3,664 3,664   0
    MICROVEST SHORT DURATION FUND LP 2,031 2,031   0
    MICROVEST I SELF LIQUIDATING TRUST 114 114   0
    MICROVEST+PLUS LP 1,470 1,470   0
    LEGACY VENTURE IV LLC 22,396 22,396   0
    MICROVEST II LP 1,077 1,077   0
    THE LYME FOREST FUND III TE LP 848 848   0
    CORE INNOVATION CAPITAL I LP 2,917 2,609   0
    CLEANTECH EUROPE I (B) LP 1,100 1,100   0
    DWM INCOME FUND SA SICV SIF 696 531   0
    BEARTOOTH CAPITAL I LP 27 27   0
    BEARTOOTH CAPITAL II LP 112 112   0
    BETTER VENTURES FUND II 2,607 2,607   0
    SONEN GLOBAL FIXED INCOME FUND 8,668 8,668   0
    NON-CORE LIQUIDATION LLC 359 359   0
    OFFICE EXPENSE 6,810 588   6,222
    MEALS & ENTERTAINMENT 6,479 6,479   0
    LIVING FOREST ONE LP 23 23   0
    SONEN GLOBAL SUSTAINABLE REAL ASSETS LP 2,996 2,996   0
    BANK FEES 1,167 584   583
    COMPUTER SERVICES 1,019 509   510
    MARKETING 1,806 0   1,806
    MISCELLANEOUS 8,348 0   8,348
    TONIIC GLOBAL LLC 1,125 0   1,125


    TY 2015 OtherIncomeSchedule2
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SONEN GLOBAL FIXED INCOME FUND A 10,750 11,868 10,750
    LEGACY VENTURE III LLC 67 73 67
    BEARTOOTH CAPITAL II LP 11 11 11
    ECOSYSTEM INVESTMENT PARTNERS LP 13,100 2,063 13,100
    BEARTOOTH CAPITAL I LP 31 33 31
    ROOT CAPITAL 1,288 1,288 1,288
    CLEANTECH EUROPE I (B) LP 15 15 15
    DWM INCOME FUNDS 30 30 30
    DWM SPAIN 0 53 0
    FORESTRY & AGRICULTURAL INVESTMENT -4 -4 -4
    PURPOSE GLOBAL LLC 840 -1,384 840
    LEGACY VENTURE IV LLC 837 887 837
    LIVING FOREST ONE LP -1,409 -1,409 -1,409
    LYME FOREST FUND III TE LP -404 -377 -404
    MICROVEST SHORT DURATION -2,234 -823 -2,234
    MICROVEST+PLUS LP 4,049 4,049 4,049
    ADOBE SOCIAL MEZZANINE FUND -3,456 0 -3,456
    SONEN GLOBAL PUBLIC EQUITY -15,062 -14,906 -15,062
    BETTER VENTURES FUND II LP 343 280 343
    SONEN GLOBAL SUSTAINABLE REAL ASSETS LP -1,157 -1,157 -1,157
    ECOTRUST FORESTS II LLC -2,064 0 -2,064
    ECOSYSTEM INVESTMENT PARTNERS LP 1,872 0 1,872
    LEGACY VENTURE III LLC -36 0 -36
    LEGACY VENTURE IV LLC -14 0 -14
    LYME FOREST FUND III TE LP -15 0 -15
    MICROVEST+PLUS LP 10,261 0 10,261
    ADOBE SOCIAL MEZZANINE FUND -352 0 -352
    PICO BONITO LLC -1,286 0 -1,286


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Description Beginning of Year - Book Value End of Year - Book Value
    PICO BONITO - NEGATIVE CAPITAL 16,343 17,629
    TONIIC LLC - NEGATIVE CAPITAL 3,777 0
    ECOTRUST FORESTS II LLC - NEGATIVE CAPITAL 2,610 0


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 161,649 0   161,649
    INVESTMENT FEES 155,879 79,079   76,800


    TY 2015 TaxesSchedule
    Name:
    THE KL FELICITAS FOUNDATION
    EIN:
    77-0539366
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 14,280 14,280   0
    FEDERAL TAXES 12,500 0   0
    STATE TAXES 15 0   0