Form990-PF
Click to see list of attachments

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 Kemper & Ethel Marley Fdn
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 10392
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Phoenix, AZ85064
A Employer identification number

86-0653091
B Telephone number (see instructions)

(602) 269-6081
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$218,172,272J 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 847 847 847
4 Dividends and interest from securities... 2,342,608 2,314,605 2,314,605
5a Gross rents............ 77,981 77,981 77,981
b Net rental income or (loss) 77,981
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 10,505,483
b Gross sales price for all assets on line 6a 50,352,251
7 Capital gain net income (from Part IV, line 2)... 10,580,051
8 Net short-term capital gain......... 173,165
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 -187,852 110,415  
12 Total. Add lines 1 through 11........ 12,739,067 13,083,899 2,566,598
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 51,182 42,421 42,421 8,267
b Accounting fees (attach schedule)....... Click to see attachment 449,232 363,576 363,576 75,567
c Other professional fees (attach schedule).... Click to see attachment 1,532,080 1,254,205 1,254,205 259,459
17 Interest............... 543 272 272 272
18 Taxes (attach schedule) (see instructions)... Click to see attachment 618,127 493,077 493,077  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,836 6,745 6,745 92
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 712,837 414,525 414,525 19,541
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,370,837 2,574,821 2,574,821 363,198
25 Contributions, gifts, grants paid....... 10,733,237 10,733,237
26 Total expenses and disbursements. Add lines 24 and 25 14,104,074 2,574,821 2,574,821 11,096,435
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,365,007
b Net investment income (if negative, enter -0-) 10,509,078
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............. 1,440,292 1,054,462 1,054,462
2 Savings and temporary cash investments......... 3,543,393 4,493,817 4,493,817
3 Accounts receivable bullet2,155
Less: allowance for doubtful accounts bullet   211 2,155 2,155
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) 175,617 5,181,034 5,178,644
b Investments—corporate stock (attach schedule)....... 103,661,996 97,931,764 104,221,723
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet3,988,732
Less: accumulated depreciation (attach schedule) bullet   3,877,155 Click to see attachment3,988,732 37,258,276
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 70,267,661 Click to see attachment68,935,512 65,813,871
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment149,324 Click to see attachment149,324 Click to see attachment149,324
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 183,115,649 181,736,800 218,172,272
Liabilities 17 Accounts payable and accrued expenses.......... 8,295  
18 Grants payable.................. 24,018,317 25,776,600
19 Deferred revenue................. 838,515 832,975
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)......... 24,865,127 26,609,575
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........ 142,091,495 142,091,495
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 16,159,027 13,035,730
30 Total net assets or fund balances (see instructions)..... 158,250,522 155,127,225
31 Total liabilities and net assets/fund balances (see instructions). 183,115,649 181,736,800
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
158,250,522
2
Enter amount from Part I, line 27a .....................
2
-1,365,007
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
156,885,515
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,758,290
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
155,127,225
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 Robeco-Boston-Short Term-Covered P 2015-08-01 2015-12-01
b Robeco-Boston-Long Term-Covered P 2014-01-01 2015-12-01
c Robeco-Boston-Long Term-NonCovered P 2014-01-01 2015-12-01
d Goldman-ST-Covered P 2015-07-01 2015-12-01
e Goldman-LT-Covered P 2014-01-01 2015-12-01
Goldman-LT-NonCovered P 2014-01-01 2015-12-01
Time Square-Short Term Covered P 2015-07-01 2015-12-01
Times Square-LT-Covered P 2014-01-01 2015-12-01
Times Square-LT-Non Covered P 2014-01-01 2015-12-01
Sterling-ST-Covered P 2015-07-01 2015-12-01
Sterling-Long Term Covered P 2014-01-01 2015-12-01
Sterling-LT-Non Covered P 2014-01-01 2015-12-01
Mondrian-ST P 2015-07-01 2015-12-01
Mondrian-ST P 2014-01-01 2015-12-01
William Blair-ST P 2014-01-01 2015-12-01
JPM Bond Fund-LTCG Distrib P 2014-01-01 2015-12-01
KEMF-CD-CanyonVillage-990-PF P 2014-01-01 2015-12-01
KEMFIL-LTCG-Marley Park P 2014-01-01 2015-12-01
KEMFMC-LTCG-MCC Land P 2014-01-01 2015-12-01
KEMF-NextCycle-LTCG P 2014-01-01 2015-12-01
KEM83O-LTCG P 2014-01-01 2015-12-01
KEM95I-LTCG P 2014-01-01 2015-12-01
KFMIIN-LTCG P 2014-01-01 2015-12-01
Robeco-Boston-Short Term-Covered P 2015-07-01 2015-12-01
(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        
b 4,849,443   3,758,230 1,091,213
c 1,179,103   456,786 722,317
d 6,177,170   6,162,912 14,258
e 5,208,854   4,535,017 673,837
1,688,823   488,725 1,200,098
6,782,111   6,483,850 298,261
4,952,035   3,946,542 1,005,493
3,012,166   953,050 2,059,116
2,827,775   2,905,609 -77,834
5,808,724   5,231,960 576,764
1,361,530   974,971 386,559
2,663     -2,663
622,815     622,815
119,473     119,473
137     137
74,033     -74,033
937,666     937,666
5,541     5,541
72,899     72,899
547,204     547,204
45,025     45,025
414,762     414,762
3,890,259   3,949,116 -58,857
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        
b       1,091,213
c       722,317
d       14,258
e       673,837
      1,200,098
      298,261
      1,005,493
      2,059,116
      -77,834
      576,764
      386,559
      -2,663
      622,815
      119,473
      137
      -74,033
      937,666
      5,541
      72,899
      547,204
      45,025
      414,762
      -58,857
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 10,580,051
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 3 173,165
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 15,562,202 236,917,517 0.06569
2013 14,237,929 232,904,014 0.06113
2012 10,504,601 212,021,257 0.04955
2011 8,787,333 220,838,711 0.03979
2010 7,062,947 220,552,822 0.03202
2
Total of line 1, column (d) .....................
20.248178
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
0.049636
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
230,362,196
5
Multiply line 4 by line 3......................
5
11,434,258
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
105,091
7
Add lines 5 and 6........................
7
11,539,349
8
Enter qualifying distributions from Part XII, line 4.............
8
11,096,435
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 1 210,182
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........................... 3 210,182
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- ..... 5 210,182
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 347,243
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.............. 7 347,243
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 10 137,061
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet137,061 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
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)
    bulletAZ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletThe Kemper&Ethel Marley Fdn Telephone no.bullet (602) 269-6081

    Located atbulletPO Box 10392PhoenixAZ ZIP+4bullet85064
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Nancy Elitharp Ball-See Note Treasurer&VP
    20.00     		0    
    PO Box 10392
    Phoenix,AZ85064
    Stephen M Corrigan-See Note President
    10.00     		0    
    PO Box 10392
    Phoenix,AZ85064
    Dan Corrigan-See Note VP
    10.00     		0    
    PO Box 10392
    Phoenix,AZ85064
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Times Square Capital Mgt Inc Money Manager 212,788
    Four TImes Square 25th Floor
    New York,NY10036
    Mondrian Investment Partners Ltd Money Manager 163,932
    PO Box 392481
    Cleveland,OH44193
    Sterling Capital Management LLC Money Manager 197,411
    500 Airport BlSuite 100
    Burlingame,CA94010
    Goldman Sachs Money Manager 166,762
    32 Old Slip - 32nd Floor
    New York,NY10005
    Marley Management Company Invest;Acctg;Grants 1,157,989
    PO Box 10392
    Phoenix,AZ85064
    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
    118,728,952
    b
    Average of monthly cash balances.......................
    1b
    10,355,606
    c
    Fair market value of all other assets (see instructions)................
    1c
    104,785,692
    d
    Total (add lines 1a, b, and c).........................
    1d
    233,870,250
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    233,870,250
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,508,054
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    230,362,196
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    11,518,110
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    11,518,110
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    210,182
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    210,182
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,307,928
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    11,307,928
    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
    11,307,928
    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
    11,096,435
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    11,096,435
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    11,096,435
    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 11,307,928
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 6,949,429
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 11,096,435
    a Applied to 2014, but not more than line 2a 6,949,429
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 4,147,006
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		7,160,922
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    See Attached Statement
    For Detail of Total Grants
    Various Cities,AZ85064     		Various Various Various 10,733,237
    Total .................................bullet 3a 10,733,237
    bApproved for future payment
    Aid to Adoption of Special Kids
    2320 N 20th Street
    Phoenix,AZ85006     		None PC Operating 100,000
    AZ Science Center
    600 E Washington St
    Phoenix,AZ85004     		None PC Capital 600,000
    ASU Foundation
    PO Box 2260
    Tempe,AZ85280     		None PC Capital 1,500,000
    Banner Alzheimer's Foundation
    1441 N 12th St
    Phoenix,AZ85006     		None PC Endowment 800,000
    Banner Alzheimers Foundation
    1441 N 12th St
    Phoenix,AZ85006     		None PC Operating 400,000
    Childsplay Inc
    900 S Mitchell Dr
    Tempe,AZ85281     		None PC Operating 50,000
    Circle The City
    333 W Indian School Rd
    Phoenix,AZ85013     		None PC Operating 110,000
    Desert Botanical Garden
    1201 N Galvin Pkwy
    Phoenix,AZ85008     		None PC Capital 250,000
    First Place AZ
    717 E Maryland Ave Ste110
    Phoenix,AZ85014     		None PC Capital 1,150,000
    Foundation For Blind Children
    1235 E Harmont Dr
    Phoenix,AZ85020     		None PC Capital 300,000
    Girl Scout Council Inc-AZ Cactus-Pi
    119 E Coronado Rd
    Phoenix,AZ85004     		None PC Capital 825,000
    Girl Scout Council Inc-AZ Cactus-Pi
    119 E Coronado Rd
    Phoenix,AZ85004     		None PC Capital 200,000
    Great Hearts Academics
    3102 N 56th St 300
    Phoenix,AZ85018     		None PC Operating 150,000
    Heard Museum
    2301 N Central Ave
    Phoenix,AZ85004     		None PC Operating 324,000
    Hospice of the Valley
    1510 E Flower St Bldg2
    Phoenix,AZ85014     		None PC Operating 150,000
    Junior Achievement of Arizona
    636 W Southern Ave
    Tempe,AZ85282     		None PC Operating 74,850
    Maricopa Community Colleges Foundat
    PO Box 25889
    Tempe,AZ85285     		None PC Operating 450,000
    Maricopa Community Colleges Foundat
    PO Box 25889
    Tempe,AZ85285     		None PC Operating 150,000
    Marine Corps Scholarship Fnd-Arizon
    900 N Washington St 400
    Alexandria,VA22314     		None PC Operating 20,000
    Mayo Clinic Arizona
    200 1st St SW
    Rochester,MN55905     		None PC Endowment 3,950,000
    A New Leaf Inc
    868 E University Dr
    Mesa,AZ85203     		None PC Capital 600,000
    Northern Arizona University Fnd Inc
    PO Box 4094
    Flagstaff,AZ86011     		None PC Operating 300,000
    Rebuilding Together Valley Of The S
    2123 S Priest Dr 213
    Tempe,AZ85282     		None PC Operating 20,000
    Sojourner Center
    PO Box 20156
    Phoenix,AZ85036     		None PC Operating 500,000
    Southwest Autism Research And Resou
    300 N 18th St
    Phoenix,AZ85006     		None PC Operating 50,000
    Translational Geonomics Rsrch Inst
    445 N 5th St 600
    Phoenix,AZ85004     		None PC Endowment 2,800,000
    University Of Arizona Foundation
    PO Box 210036
    Tucson,AZ85721     		None PC Capital 4,561,000
    University Of Arizona Foundation
    PO Box 210036
    Tucson,AZ85271     		None PC Capital 2,639,000
    Upward For Children And Families
    6306 N 7th St
    Phoenix,AZ85041     		None PC Capital 100,000
    Valley of the Sun Young Men's Chris
    350 N 1st Ave
    Phoenix,AZ85003     		None PC Capital 200,000
    Valley of the Sun Young Men's Chris
    350 N 1st Ave
    Phoenix,AZ85003     		None PC Capital 100,000
    Veterans Directory Inc
    4023 W Elliot Rd
    Laveen,AZ85339     		None PC Capital 327,750
    The Whispering Hope Ranch Foundatio
    9045 E Pima Center Pkwy
    Scottsdale,AZ85258     		None PC Operating 440,000
    The Whispering Hope Ranch Foundatio
    9045 E Pima Center Pkwy
    Scottsdale,AZ85258     		None PC Capital 110,000
    Wickenburg Community Hospital Found
    520 Rose Lane
    Wickenburg,AZ85390     		None PC Capital 1,000,000
    Arizona State Railroad Museum Found
    204 W Railroad Ave
    Williams,AZ86046     		None PC Capital 400,000
    Southwest Human Development
    2850 N 24th St
    Phoenix,AZ85008     		None PC Operating 75,000
    Total .................................bullet 3b 25,776,600
    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 ...........     		    14 847  
    4 Dividends and interest from securities....     14 2,314,605 28,003
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531120 -26,370      
    bNot debt-financed property.....     16 77,981  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		531120 -74,568 41 10,580,051  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aDMB Mkt St-Rental RE Loss     		    14 -786  
    bEDCPVH-OrdLoss-To 990T 531390 -2,056      
    cKEMF 303G Investmnts     14    
    dKEMF 83rd & O-GrndRent     14 769  
    eKEMF ExciseTaxRefund     1    
    fKEMF HR Investmnt     14    
    gKEMF VR Investmnt     14    
    hKEMF WP Investmnts     14 -2,257  
    iKEMFCD-CanVilProfFee-990T 531120 -3,915      
    jKEMFDCResSLGlfOrdLos-990T 531120 -274,040      
    kKEMFMC-AZLandDeptReimb     16    
    lKEMF-Ranch-OrdInc-To990T 111000 8,114      
    mKEMFSherwood-GrndRnt     14 10,895  
    nKEMFTuscanoPropTaxRefnd     14 92,962  
    oKEMQWF-OrigFee     14    
    pKFMIIN-OthrOrdInc     14 2,337  
    qMondrian-OrdInc     14 6,495  
    rOtherInc-Goldman     14    
    sOtherInc-JPM Bond     14    
    12 Subtotal. Add columns (b), (d), and (e).. -372,835 13,083,899 28,003
    13Total. Add line 12, columns (b), (d), and (e)..................
    1312,739,067
    (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.)
    4 These dividends are non-taxable per the money manager. They add income for grant support.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID: 15000324
    Software Version: 2015v2.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Marley Management-990T 10,089 0 0 0
    Marley Management-Direct&SMLLCs 439,143 363,576 363,576 75,567

    TY 2015 ContractorCompensationExpln
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Contractor Explanation
    Marley Management Company Real Estate Acq&Mgt;Acctg&Tax Plng&Prep; Cash Mgt; Grant Management.

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Robeco-Boston-Short Term-Covered 2015-08 Purchase 2015-12       Cost      
    Robeco-Boston-Long Term-Covered 2014-01 Purchase 2015-12   4,849,443 3,758,230 Cost   1,091,213  
    Robeco-Boston-Long Term-NonCovered 2014-01 Purchase 2015-12   1,179,103 456,786 Cost   722,317  
    Goldman-ST-Covered 2015-07 Purchase 2015-12   6,177,170 6,162,912 Cost   14,258  
    Goldman-LT-Covered 2014-01 Purchase 2015-12   5,208,854 4,535,017 Cost   673,837  
    Goldman-LT-NonCovered 2014-01 Purchase 2015-12   1,688,823 488,725 Cost   1,200,098  
    Time Square-Short Term Covered 2015-07 Purchase 2015-12   6,782,111 6,483,850 Cost   298,261  
    Times Square-LT-Covered 2014-01 Purchase 2015-12   4,952,035 3,946,542 Cost   1,005,493  
    Times Square-LT-Non Covered 2014-01 Purchase 2015-12   3,012,166 953,050 Cost   2,059,116  
    Sterling-ST-Covered 2015-07 Purchase 2015-12   2,827,775 2,905,609 Cost   -77,834  
    Sterling-Long Term Covered 2014-01 Purchase 2015-12   5,808,724 5,231,960 Cost   576,764  
    Sterling-LT-Non Covered 2014-01 Purchase 2015-12   1,361,530 974,971 Cost   386,559  
    Mondrian-ST 2015-07 Purchase 2015-12   2,663   Cost   -2,663  
    Mondrian-ST 2014-01 Purchase 2015-12   622,815   Cost   622,815  
    William Blair-ST 2014-01 Purchase 2015-12   119,473   Cost   119,473  
    JPM Bond Fund-LTCG Distrib 2014-01 Purchase 2015-12   137   Cost   137  
    KEMFIL-LTCG-Marley Park 2014-01 Purchase 2015-12   937,666   Cost   937,666  
    KEMFMC-LTCG-MCC Land 2014-01 Purchase 2015-12   5,541   Cost   5,541  
    KEMF-NextCycle-LTCG 2014-01 Purchase 2015-12   72,899   Cost   72,899  
    KEM83O-LTCG 2014-01 Purchase 2015-12   547,204   Cost   547,204  
    KEM95I-LTCG 2014-01 Purchase 2015-12   45,025   Cost   45,025  
    KFMIIN-LTCG 2014-01 Purchase 2015-12   414,762   Cost   414,762  
    Robeco-Boston-Short Term-Covered 2015-07 Purchase 2015-12   3,890,259 3,949,116 Cost   -58,857  

    TY 2015 GeneralExplanationAttachment
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF The information reported here for Form 990PF;Page 6; Part VIII-1 is not paid directly but is included in the information provided on Form 990PF; Page7; Part VIII-3 for Marley Management Company.Officer Compensation Contribs.To Benefit Plans Expense accountNancy Elitharp Ball $138,057 $20,473 $464Stephen M. Corrigan $ 45,024 $11,256 $0Dan Corrigan $ 31,517 $ 7,879 $0
      General Explanation Supplemental Information for Form 990-PF Form 990-T AttachmentSchedule of Loss Carryforwards Taxable Year Amounts filed Amounts per open Audit 2007 (38,805) (839,017) 2008 (263,882) (1,066,286) 2009 (1,837,371) (1,797,241) 2010 (1,096,052) (1,686,399) 2011 (1,542,722) (1,475,880) 2012 (1,117,167) (1,014,983) Total (5,895,999) (7,879,806) 2013 5,895,999 7,475,133 Balance (404,673) 2014 (463,893) (355,058)990-T Loss Carryforward through 2014 Subtotal (759,731) 2015 (402,127) (402,127)990-T Loss Carryforward through 2015 Subtotal $(1,161,858)Capital Loss Included in the loss Carryforward $(74,568)Ordinary Loss Included in the loss Carryforward $(1,087,290)
      General Explanation Supplemental Information for Form 990-PF  

    TY 2015 InvestmentsLandSchedule2
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 3,988,732   3,988,732 37,258,276

    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Investment in DMB Market Street FMV    
    EDCPVH-Inv in Park Villas&Golf Casitas FMV 19,967 19,967
    KEMFDC-Inv in DC Ranch Resid & SLCC FMV 1,606,960 2,741,920
    KEMFCD-Inv in DCL-CanyonVillage FMV 804,990 804,990
    KEMFRL-Inv in MCCRML/MCC FMV 151,014 594,440
    KEMDMI-Inv in Dominion Creek LLC FMV 2,384,745 2,016,453
    KEMMRI-Inv in McCartney Ranch, LLC FMV 4,814,351 3,947,236
    KEMVRI-Inv in Ventanna Ranch, LLC FMV 4,349,026 3,174,342
    KEMNCI-Inv in Next Cycle Investment FMV 547,461 669,703
    KEMHIL-Inv in Everest Hastings FMV 765,541 895,000
    KEMHRI-Inv in Hawes & Riggs FMV 1,873,427 1,641,183
    KEMTIL-Inv in Tuscano FMV 3,669,540 3,217,237
    KEM40I-Inv in 40th & Chandler FMV 1 1
    KEMQWF-Inv in Everest/Quailwood Loan FMV 1,155,020 1,007,055
    KEM83O-Inv in 83rd & Olive FMV 1 2
    KEM95G-Inv in 95th & Glendale FMV 2,150,252 1,830,484
    KEM20I-Inv in 20th Drive FMV 1,369,631 1,490,000
    KEMALI-Inv in Alameda FMV 1,753,986 1,675,000
    KF303I-Inv in 303&Glendale FMV 3,518,192 4,039,511
    KFWPIN-Inv in Westpark FMV 9,416,461 7,825,858
    KFMIIN-Inv in M&I Investment FMV 1,018,281 1,295,468
    KEMFIL-Inv in Marley Park Deed of Trust FMV 1 5,736,958
    KEMFMC-Inv in Deed of Trust Freeport FMV 911,158 911,158
    KFSHWD-Inv in KEMF Sherwood FMV 6,850,989 3,540,000
    KFWWIN-Inv in KEMF Westwind Investors FMV 18,656,268 15,591,656
    KFCCFL-Inv in KEMF CC Funding FMV 1,148,249 1,148,249

    TY 2015 LegalFeesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Fennemore Craig-990T 494 0 0 0
    Fennemore Craig-General-KEMF only 8,267 0 0 8,267
    Fennemore Craig-SMLLCs 42,421 42,421 42,421 0


    TY 2015 OtherAssetsSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Other Assets-Furniture,Bronze,Fine Art 149,324 149,324 149,324


    TY 2015 OtherDecreasesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Amount
    Increase in Future Grant Commitments ($1,758,283+7 rounding) 1,758,290


    TY 2015 OtherExpensesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Auto Expense 242      
    Bank Charges/Penalties/Int 143      
    Dues, Subs, Pubs 26,875 7,998 7,998 18,877
    Insurance-Property & Umbrella 22,956 22,331 22,331 625
    Licenses & Permits 360 360 360  
    Lincoln House Expenses 22,297 22,297 22,297  
    LLC Portfolio Expenses 189,864 189,864 189,864  
    Misc Books Exp SMLLC K-1s-Div 007 278,387      
    Money Mgr. Invest.Exp.Recon Adj. 115,649 115,649 115,649  
    Office Supplies 32 -6 -6 39
    Ranching Grazing Fee 26,354 26,354 26,354  
    Rental Property Expenses 29,678 29,678 29,678  


    TY 2015 OtherIncomeSchedule2
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    DMB Mkt St-Rental RE Loss -786 -786  
    EDCPVH-OrdLoss-To 990T -2,056    
    KEMF 83rd & O-GrndRent 769 769  
    KEMF WP Investmnts -2,257 -2,257  
    KEMFCD-CanVilProfFee-990T -3,915    
    KEMFDCResSLGlfOrdLos-990T -274,040    
    KEMF-Ranch-OrdInc-To990T 8,114    
    KEMFSherwood-GrndRnt 10,895 10,895  
    KEMFTuscanoPropTaxRefnd 92,962 92,962  
    KFMIIN-OthrOrdInc 2,337 2,337  
    Mondrian-OrdInc 6,495 6,495  
    Rental Income - Noninvestment Property -26,370    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Callan-Consultant 65,900 65,900 65,900 0
    Everest Hldg-RE Consultant 24,591 24,591 24,591 0
    Everest Hldg-RE Consultant-SMLLCs 51,337 51,337 51,337 0
    JPM-Custodian Fees 60,118 60,118 60,118 0
    MMC-PropMgt-JF 8,800 8,800 8,800 0
    MMC-RE Mgt;Acctg;Grant Mgt.-NB 259,459 0 0 259,459
    MMC-RE Mgt;Acctg-990T 18,416 0 0 0
    MMC-RE Mgt-Gen-JZ 32,370 32,370 32,370 0
    MMC-RE Mgt-Gen-NB 37,271 37,271 37,271 0
    MMC-RE Mgt-JZ-SMLLCs 95,424 95,424 95,424 0
    MMC-RE Mgt-NB-SMLLCs 19,080 19,080 19,080 0
    Money Manager-Boston 118,421 118,421 118,421 0
    Money Manager-Goldman Sachs 166,762 166,762 166,762 0
    Money Manager-Mondrian 163,932 163,932 163,932 0
    Money Manager-Sterling 197,411 197,411 197,411 0
    Money Manager-Time Square 212,788 212,788 212,788 0


    TY 2015 TaxesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Taxes PY Ext or Final 125,000      
    Foreign Taxes Withheld on Dividends 69,514 69,514 69,514  
    Property Taxes-Real Estate 423,563 423,563 423,563  
    UBIT Income Taxes-990T 50