TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 07-01-2015 , and ending 06-30-2016

Name of foundation
THE FRAZIER FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)357 CHAMBORD TERRACE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PALM BEACH GARDENS, FL33410

A Employer identification number

54-1993898

B Telephone number (see instructions)

(561) 276-7631

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$120,725J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	224
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	2		2
4	Dividends and interest from securities...	3,292		3,292
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		4,030
b	Gross sales price for all assets on line 6a 214,198
7	Capital gain net income (from Part IV, line 2)...			4,030
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	7,548		7,324
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).........
b	Accounting fees (attach schedule).......		5,349	2,674	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		377	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,493	1,468	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	7,219		4,142	0
25	Contributions, gifts, grants paid.......	50,000			50,000
26	Total expenses and disbursements. Add lines 24 and 25	57,219		4,142	50,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-49,671
b	Net investment income (if negative, enter -0-)			3,182
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	8,399	7,422	7,422
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	155,841	107,147	113,303
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	164,240	114,569	120,725
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	164,240	114,569
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	0	0
	30	Total net assets or fund balances (see instructions).....	164,240	114,569
	31	Total liabilities and net assets/fund balances (see instructions).	164,240	114,569

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

164,240

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

-49,671

Other increases not included in line 2 (itemize) bullet

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

114,569

Decreases not included in line 2 (itemize) bullet

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

114,569

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	ADVANCED SEMICNDCTR ENG SP ADR	P	2013-12-18	2015-12-15
b	ADVANCED SEMICNDCTR ENG SP ADR	P	2014-01-15	2015-12-15
c	AERCAP HOLDINGS N.V.	P	2013-01-29	2015-12-15
d	AERCAP HOLDINGS N.V.	P	2014-10-13	2015-12-15
e	ALLIANZ SE ADS	P	2013-01-29	2015-12-14
	ALLIANZ SE ADS	P	2013-08-26	2015-12-14
	ALLIANZ SE ADS	P	2014-01-15	2015-12-14
	ALLIANZ SE ADS	P	2014-04-15	2015-12-14
	AMERICAN EXPRESS CO	P	2013-01-29	2015-12-16
	ANNALY CAPITAL MNGMY INC	P	2013-12-31	2015-12-15
	BAXALTA INC COM	P	2013-01-29	2015-12-17
	BAXTER INTL INC	P	2013-01-29	2015-12-17
	BED BATH & BEYOND INC	P	2014-03-06	2015-12-16
	BRIDGESTONE CP ADR	P	2013-10-31	2015-12-14
	BRIDGESTONE CP ADR	P	2014-01-15	2015-12-14
	BRIDGESTONE CP ADR	P	2014-04-15	2015-12-14
	BT GP PLC SPON ADR	P	2013-01-29	2015-12-15
	BT GP PLC SPON ADR	P	2013-08-26	2015-12-15
	BT GP PLC SPON ADR	P	2014-01-15	2015-12-15
	BT GP PLC SPON ADR	P	2014-04-15	2015-12-15
	CANADIAN NATL RAILWAY CO	P	2013-01-29	2015-12-14
	CANADIAN NATL RAILWAY CO	P	2013-08-26	2015-12-14
	CANADIAN NATL RAILWAY CO	P	2014-01-15	2015-12-14
	CAP GEMINI SA ADR	P	2013-12-17	2015-12-11
	CAP GEMINI SA ADR	P	2014-07-24	2015-12-11
	CHECK POINT SOFTWARE TECH LTD	P	2013-01-29	2015-12-14
	CHECK POINT SOFTWARE TECH LTD	P	2013-04-15	2015-12-14
	CHECK POINT SOFTWARE TECH LTD	P	2014-01-15	2015-12-14
	CHECK POINT SOFTWARE TECH LTD	P	2014-07-24	2015-12-14
	CHEVRON CORP	P	2014-06-10	2015-12-16
	CHINA MOBILE LTD	P	2013-01-29	2015-12-16
	CHINA MOBILE LTD	P	2013-04-15	2015-12-16
	CHINA MOBILE LTD	P	2013-06-04	2015-12-16
	CHINA MOBILE LTD	P	2014-01-15	2015-12-16
	CHINA MOBILE LTD	P	2014-10-22	2015-12-16
	CISCO SYS INC	P	2013-01-29	2015-12-17
	CISCO SYS INC	P	2014-01-16	2015-12-17
	DBS GROUP HOLDINGS LTD SP	P	2014-11-13	2015-12-14
	DEUTSCHE GLB REAL EST SEC INST	P	2014-01-16	2015-12-08
	DEUTSCHE GLB REAL EST SEC INST	P	2014-10-22	2015-12-08
	DIAMOND OFFSHORE DRILLING INC	P	2014-12-02	2015-12-15
	DIAMOND OFFSHORE DRILLING INC	P	2014-12-08	2015-12-15
	EBAY INC	P	2014-05-15	2015-12-16
	EXELON CORP	P	2013-01-29	2015-12-15
	EXELON CORP	P	2013-11-11	2015-12-15
	EXELON CORP	P	2014-01-16	2015-12-15
	EXPRESS SCRIPTS HLDG CO COM	P	2013-06-20	2015-12-17
	EXPRESS SCRIPTS HLDG CO COM	P	2014-06-18	2015-12-17
	EXXON MOBIL CORP	P	2013-01-29	2015-12-16
	EXXON MOBIL CORP	P	2014-01-16	2015-12-16
	GLAXOSMITHKLINE PLC ADS	P	2013-01-29	2015-12-15
	HONDA MOTOR COMPANY LTD ADR	P	2014-11-21	2015-12-16
	HONDA MOTOR COMPANY LTD ADR	P	2014-12-05	2015-12-16
	ICON PLC	P	2014-10-15	2015-12-11
	JOHNSON & JOHNSON	P	2013-01-29	2015-12-17
	JP MORGAN LARGE CAP GRW I	P	2013-01-29	2015-12-11
	JP MORGAN LARGE CAP GRW I	P	2013-08-26	2015-12-11
	JP MORGAN LARGE CAP GRW I	P	2014-01-16	2015-12-11
	KDDI CORP UNSPON ADR	P	2014-01-22	2015-12-14
	KDDI CORP UNSPON ADR	P	2014-04-15	2015-12-14
	KEPPEL CORP LTD ADR SPONSORED	P	2014-03-18	2015-12-14
	KEPPEL CORP LTD ADR SPONSORED	P	2014-07-24	2015-12-14
	KEPPEL CORP LTD ADR SPONSORED	P	2014-10-22	2015-12-14
	MACK CALI REALTY CP	P	2013-12-03	2015-12-14
	MAGNA INTERNATIONAL INC	P	2014-12-08	2015-12-15
	MANULIFE FINANCIAL CORP	P	2013-01-29	2015-12-15
	MANULIFE FINANCIAL CORP	P	2014-10-22	2015-12-15
	MICROSOFT CORP	P	2013-01-29	2015-12-17
	MICROSOFT CORP	P	2014-01-16	2015-12-17
	NETEASE.COM INC ADS	P	2013-01-29	2015-12-16
	NETEASE.COM INC ADS	P	2014-01-15	2015-12-16
	NETEASE.COM INC ADS	P	2014-02-06	2015-12-16
	NIPPON TELEGRAPH&TELEPHONE ADS	P	2013-08-26	2015-12-14
	NIPPON TELEGRAPH&TELEPHONE ADS	P	2014-01-15	2015-12-16
	NIPPON TELEGRAPH&TELEPHONE ADS	P	2014-04-15	2015-12-14
	OPPENHEIMER DEVELOPING MKTS Y	P	2013-01-29	2015-12-15
	OPPENHEIMER DEVELOPING MKTS Y	P	2013-08-26	2015-12-15
	OPPENHEIMER DEVELOPING MKTS Y	P	2013-12-09	2015-12-15
	OPPENHEIMER DEVELOPING MKTS Y	P	2013-12-09	2015-12-15
	OPPENHEIMER DEVELOPING MKTS Y	P	2014-01-16	2015-12-15
	OPPENHEIMER DEVELOPING MKTS Y	P	2014-10-22	2015-12-15
	OPPENHEIMER DEVELOPING MKTS Y	P	2014-12-08	2015-12-15
	OPPENHEIMER DEVELOPING MKTS Y	P	2014-12-08	2015-12-15
	ORIX CORP	P	2014-07-22	2015-12-16
	ORIX CORP	P	2014-10-13	2015-12-16
	ORIX CORP	P	2014-10-22	2015-12-16
	PANDORA A/S ADR	P	2014-03-18	2015-12-14
	PANDORA A/S ADR	P	2014-04-15	2015-12-14
	PEPSICO INC NC	P	2013-01-29	2015-12-17
	PEPSICO INC NC	P	2014-01-16	2015-12-17
	PIMCO COMM REAL RET STRAT INST	P	2013-08-26	2015-12-15
	PIMCO COMM REAL RET STRAT INST	P	2013-09-20	2015-12-15
	PIMCO COMM REAL RET STRAT INST	P	2013-12-12	2015-12-15
	PIMCO COMM REAL RET STRAT INST	P	2014-01-16	2015-12-15
	PIMCO COMM REAL RET STRAT INST	P	2014-09-19	2015-12-15
	PNC FINL SVCS GP	P	2013-01-29	2015-12-17
	PNC FINL SVCS GP	P	2014-01-16	2015-12-17
	PROCTOR & GAMBLE	P	2013-04-24	2015-12-17
	PROCTOR & GAMBLE	P	2014-01-16	2015-12-17
	PT BK MANDIRI PERSERO TBK UNSP	P	2013-04-03	2015-12-14
	PT BK MANDIRI PERSERO TBK UNSP	P	2013-06-04	2015-12-14
	PT BK MANDIRI PERSERO TBK UNSP	P	2013-08-26	2015-12-14
	ROCHE HOLDINGS ADR	P	2013-09-16	2015-12-17
	ROCHE HOLDINGS ADR	P	2014-01-15	2015-12-17
	ROYAL DUTCH SHELL PLC	P	2013-01-29	2015-12-15
	ROYAL DUTCH SHELL PLC	P	2013-02-14	2015-12-15
	ROYAL DUTCH SHELL PLC	P	2013-08-26	2015-12-15
	ROYAL DUTCH SHELL PLC	P	2014-01-15	2015-12-15
	ROYAL DUTCH SHELL PLC	P	2014-10-22	2015-12-15
	SK TELECOM CO LTD	P	2013-01-29	2015-12-11
	SK TELECOM CO LTD	P	2013-08-26	2015-12-11
	SK TELECOM CO LTD	P	2014-01-15	2015-12-11
	SK TELECOM CO LTD	P	2014-10-22	2015-12-11
	SOUTHWESTERN ENERGY COMPANY	P	2014-10-21	2015-12-14
	SUMITOMO MITSUI FINL GROUP INC	P	2014-11-17	2015-12-14
	SUNCOR ENERGY INC NEW COM	P	2013-05-23	2015-12-15
	SUNCOR ENERGY INC NEW COM	P	2014-01-15	2015-12-15
	SUNCOR ENERGY INC NEW COM	P	2014-10-13	2015-12-15
	SUNTRUST BKS	P	2013-01-29	2015-12-17
	TAIWAN SMCNDCTR MFG CO LTD ADR	P	2013-08-21	2015-12-14
	TAIWAN SMCNDCTR MFG CO LTD ADR	P	2013-08-26	2015-12-14
	TAIWAN SMCNDCTR MFG CO LTD ADR	P	2014-01-15	2015-12-14
	TAIWAN SMCNDCTR MFG CO LTD ADR	P	2014-01-16	2015-12-14
	TAIWAN SMCNDCTR MFG CO LTD ADR	P	2014-07-24	2015-12-14
	TARGET CORPORATION	P	2013-01-29	2015-12-17
	TARGET CORPORATION	P	2014-01-16	2015-12-17
	TARGET CORPORATION	P	2014-02-19	2015-12-17
	TATA MOTORS LTD	P	2014-01-15	2015-12-17
	TATA MOTORS LTD	P	2014-02-03	2015-12-17
	TORCHMARK CORP	P	2013-01-29	2015-12-16
	TORCHMARK CORP	P	2014-01-16	2015-12-16
	TOUCHSTONE SANDS CAP INST GW	P	2013-01-29	2015-12-15
	TOUCHSTONE SANDS CAP INST GW	P	2013-12-13	2015-12-15
	TOUCHSTONE SANDS CAP INST GW	P	2013-12-31	2015-12-15
	TOUCHSTONE SANDS CAP INST GW	P	2014-01-16	2015-12-15
	TOUCHSTONE SANDS CAP INST GW	P	2014-12-12	2015-12-15
	TOYOTA MOTOR CP ADR NEW	P	2014-12-08	2015-12-16
	TRAVELERS COMPANIES INC COM	P	2013-01-29	2015-12-17
	TRAVELERS COMPANIES INC COM	P	2014-05-20	2015-12-17
	U S BANCORP COM NEW	P	2013-01-29	2015-12-17
	U S BANCORP COM NEW	P	2013-01-31	2015-12-17
	U S BANCORP COM NEW	P	2014-01-16	2015-12-17
	UNILEVER PLC (NEW) ADS	P	2014-09-19	2015-12-15
	VALEO SPONSORED ADR	P	2013-04-15	2015-12-14
	VALEO SPONSORED ADR	P	2014-01-15	2015-12-14
	VALEO SPONSORED ADR	P	2014-07-24	2015-12-14
	VALEO SPONSORED ADR	P	2014-10-13	2015-12-14
	VALIDUS HOLDINGS LTD COM	P	2013-01-29	2015-12-14
	VALIDUS HOLDINGS LTD COM	P	2013-08-26	2015-12-14
	VALIDUS HOLDINGS LTD COM	P	2014-01-15	2015-12-14
	VICTORY SYCAMORE SML CO OPP I	P	2013-09-03	2015-12-15
	VICTORY SYCAMORE SML CO OPP I	P	2013-12-27	2015-12-15
	VICTORY SYCAMORE SML CO OPP I	P	2013-12-27	2015-12-15
	VICTORY SYCAMORE SML CO OPP I	P	2013-12-27	2015-12-15
	VICTORY SYCAMORE SML CO OPP I	P	2014-01-16	2015-12-15
	VICTORY SYCAMORE SML CO OPP I	P	2014-10-22	2015-12-15
	WABCO HLDGS INC	P	2014-03-17	2015-12-14
	WABCO HLDGS INC	P	2014-10-13	2015-12-14
	WAL MART STORES INC	P	2013-01-29	2015-12-16
	WAL MART STORES INC	P	2014-01-16	2015-12-16
	WAL MART STORES INC	P	2014-05-20	2015-12-16
	WELLS FARGO & CO NEW	P	2013-01-29	2015-12-17
	WELLS FARGO & CO NEW	P	2014-01-16	2015-12-17
	WILLIAM BLAIR SM CAP GROWTH I	P	2013-01-29	2015-12-15
	WILLIAM BLAIR SM CAP GROWTH I	P	2013-12-20	2015-12-15
	WILLIAM BLAIR SM CAP GROWTH I	P	2013-12-20	2015-12-15
	WILLIAM BLAIR SM CAP GROWTH I	P	2014-01-16	2015-12-15
	WILLIAM BLAIR SM CAP GROWTH I	P	2014-10-22	2015-12-15
	WIPRO LTD ADS	P	2014-07-08	2015-12-14
	WIPRO LTD ADS	P	2014-07-09	2015-12-14
	ZURICH INSURANCE GRP LTD ADR	P	2014-05-16	2015-12-14
	ZURICH INSURANCE GRP LTD ADR	P	2014-10-22	2015-12-14
	ADECCO SA UNSPON ADR	P	2015-06-22	2015-12-15
	ADECCO SA UNSPON ADR	P	2015-10-29	2015-12-15
	ADVANCED SEMICNDCTR ENG SP ADR	P	2015-09-08	2015-12-15
	AERCAP HOLDINGS N.V.	P	2015-10-29	2015-12-15
	AMERICAN EXPRESS CO	P	2015-02-13	2015-12-16
	AMERICAN EXPRESS CO	P	2015-07-23	2015-12-16
	BAXALTA INC COM	P	2015-04-07	2015-12-17
	BAXTER INTL INC	P	2015-04-07	2015-12-17
	BRIDGESTONE CP ADR	P	2015-09-08	2015-12-14
	CANADIAN NATL RAILWAY CO	P	2015-09-08	2015-12-14
	CHEVRON CORP	P	2015-08-28	2015-12-16
	CHINA EASTN AIRLS LTD SP ADR H	P	2015-09-14	2015-12-15
	CHINA MOBILE LTD	P	2014-09-08	2015-12-16
	DBS GROUP HOLDINGS LTD SP	P	2015-09-08	2015-12-14
	DEUTSCHE GLB REAL EST SEC INST	P	2014-12-19	2015-12-08
	DEUTSCHE GLB REAL EST SEC INST	P	2015-06-24	2015-12-08
	DEUTSCHE GLB REAL EST SEC INST	P	2015-09-08	2015-12-08
	EBAY INC	P	2015-07-21	2015-12-16
	EXELON CORP	P	2015-05-13	2015-12-15
	EXXON MOBIL CORP	P	2015-08-28	2015-12-16
	FRANKLIN RESOURCES INC	P	2015-06-22	2015-12-16
	FRANKLIN RESOURCES INC	P	2015-08-27	2015-12-16
	HEINEKEN NV SPN ADR	P	2015-10-28	2015-12-15
	ICON PLC	P	2015-09-08	2015-12-11
	ICON PLC	P	2015-10-29	2015-12-11
	ITV PLC UNSPONS ADR	P	2015-04-30	2015-12-11
	JOHNSON & JOHNSON	P	2015-02-13	2015-12-17
	JP MORGAN LARGE CAP GRW I	P	2014-12-15	2015-12-11
	KASIKORNBANK PUB CO LTD UNSPON	P	2015-02-03	2015-12-14
	KASIKORNBANK PUB CO LTD UNSPON	P	2015-09-08	2015-12-14
	KASIKORNBANK PUB CO LTD UNSPON	P	2015-10-29	2015-12-14
	KDDI CORP UNSPON ADR	P	2015-10-29	2015-12-14
	KEPPEL CORP LTD ADR SPONSORED	P	2015-01-08	2015-12-14
	KEPPEL CORP LTD ADR SPONSORED	P	2015-09-08	2015-12-14
	KOREA ELECTRIC POWER CORP ADS	P	2015-09-14	2015-12-14
	MAGNA INTERNATIONAL INC	P	2015-01-23	2015-12-15
	MANULIFE FINANCIAL CORP	P	2015-09-08	2015-12-15
	MEDTRONIC FINANCIAL CORP	P	2015-01-27	2015-12-17
	MITSUBISHI ELCTRIC ADR	P	2015-06-23	2015-12-15
	MITSUBISHI ELCTRIC ADR	P	2015-09-08	2015-12-15
	MURATA MANUFACTURING CO LTD	P	2015-09-14	2015-12-14
	NIPPON TELEGRAPH&TELEPHONE ADS	P	2015-01-08	2015-12-14
	NIPPON TELEGRAPH&TELEPHONE ADS	P	2015-09-08	2015-12-14
	NIPPON TELEGRAPH&TELEPHONE ADS	P	2015-10-29	2015-12-16
	NXP SEMICONDUCTORS NV	P	2015-03-20	2015-12-16
	NXP SEMICONDUCTORS NV	P	2015-09-08	2015-12-16
	NXP SEMICONDUCTORS NV	P	2015-10-29	2015-12-16
	OPPENHEIMER DEVELOPING MKTS Y	P	2015-09-08	2015-12-15
	OPPENHEIMER DEVELOPING MKTS Y	P	2015-12-02	2015-12-15
	PANDORA A/S ADR	P	2015-01-23	2015-12-14
	PANDORA A/S ADR	P	2015-09-08	2015-12-14
	PIMCO COMM REAL RET STRAT INST	P	2015-06-19	2015-12-15
	PIMCO COMM REAL RET STRAT INST	P	2015-09-08	2015-12-15
	PIMCO COMM REAL RET STRAT INST	P	2015-09-18	2015-12-15
	PT BK MANDIRI PERSERO TBK UNSP	P	2015-09-08	2015-12-14
	QUALCOMM INC	P	2015-01-30	2015-12-17
	RENAULT S A ADR	P	2015-10-28	2015-12-15
	ROYAL DUTCH SHELL PLC	P	2015-01-08	2015-12-15
	ROYAL DUTCH SHELL PLC	P	2015-09-08	2015-12-15
	RYANAIR HLDGS PLC ADR	P	2015-01-07	2015-12-14
	SHIRE PLC ADR	P	2015-03-20	2015-12-15
	SK TELECOM CO LTD	P	2015-09-08	2015-12-11
	SMC CORP JAPAN SPONSORED ADR	P	2015-01-07	2015-12-15
	SMC CORP JAPAN SPONSORED ADR	P	2015-01-08	2015-12-15
	SMC CORP JAPAN SPONSORED ADR	P	2015-09-08	2015-12-15
	SOUTHWESTERN ENERGY COMPANY	P	2015-01-05	2015-12-14
	SUMITOMO MITSUI FINL GROUP INC	P	2015-01-23	2015-12-14
	SUNCOR ENERGY INC NEW COM	P	2015-01-08	2015-12-15
	SUNCOR ENERGY INC NEW COM	P	2015-09-08	2015-12-15
	TAIWAN SMCNDCTR MFG CO LTD ADR	P	2015-07-23	2015-12-14
	TAIWAN SMCNDCTR MFG CO LTD ADR	P	2015-09-08	2015-12-14
	TATA MOTORS LTD	P	2015-09-08	2015-12-14
	TECHTRONIC IND LTD SPONS ADR	P	2015-11-02	2015-12-14
	TEVA PHARMACEUTICALS ADR	P	2015-03-20	2015-12-16
	TEVA PHARMACEUTICALS ADR	P	2015-10-29	2015-12-16
	TORAY INDS ADR	P	2015-09-24	2015-12-14
	TOYOTA MOTOR CP ADR NEW	P	2015-09-08	2015-12-16
	UNIBAIL-RODAMCO SE ADR	P	2015-09-29	2015-12-14
	UNILEVER PLC (NEW) ADS	P	2015-09-08	2015-12-15
	VALEO SPONSORED ADR	P	2015-09-08	2015-12-15
	VESTAS WIND SYSTEMS ADS	P	2015-08-28	2015-12-14
	VESTAS WIND SYSTEMS ADS	P	2015-09-08	2015-12-14
	VICTORY SYCAMORE SML CO OPP I	P	2014-12-30	2015-12-15
	VICTORY SYCAMORE SML CO OPP I	P	2014-12-30	2015-12-15
	VICTORY SYCAMORE SML CO OPP I	P	2014-12-30	2015-12-15
	WABCO HLDGS INC	P	2015-01-23	2015-12-14
	WABCO HLDGS INC	P	2015-10-29	2015-12-14
	WAL MART STORES INC	P	2015-08-19	2015-12-16
	WH GROUP LTD	P	2015-08-28	2015-12-14
	WH GROUP LTD	P	2015-09-08	2015-12-14
	WHOLE FOODS MARKETS INC	P	2015-08-18	2015-12-11
	WHOLE FOODS MARKETS INC	P	2015-11-11	2015-12-11
	WILLIAM BLAIR SM CAP GROWTH I	P	2014-12-19	2015-12-15
	WILLIAM BLAIR SM CAP GROWTH I	P	2014-12-19	2015-12-15
	WIPRO LTD ADS	P	2015-09-08	2015-12-14
	YY INC ADS	P	2015-02-02	2015-12-14
	YY INC ADS	P	2015-09-08	2015-12-14
	ZURICH INSURANCE GRP LTD ADR	P	2015-09-08	2015-12-14
	ZURICH INSURANCE GRP LTD ADR	P	2015-10-29	2015-12-14
	ISHARES INTL SELECT DIV ETF	P	2015-12-15	2016-01-12
	ISHARES INTL SELECT DIV ETF	P	2015-12-17	2016-01-12
	ISHARES RUSSELL 2000 ETF	P	2015-12-15	2016-01-15
	ISHARES S&P MIDCAP 400 INDEX	P	2015-12-16	2016-01-15
	SPDR S&P DIVIDEND	P	2015-12-16	2016-01-15
	SPDR S&P DIVIDEND	P	2015-12-17	2016-01-15
	VANGUARD	P	2015-12-17	2016-01-15
	CHUBB CORP	P	2013-01-29	2015-07-07
	CHUBB CORP	P	2014-01-16	2015-07-07
	PAYPAL HOLDINGS INC	P	2014-05-15	2015-07-21
	COPA HOLDINGS SA CL A	P	2014-10-13	2015-08-27
	COPA HOLDINGS SA CL A	P	2014-10-22	2015-08-27
	ICON PLC	P	2014-10-15	2015-08-27
	LENOVO GROUP LTD ADR	P	2015-01-23	2015-08-28
	TELEFONICA BRASIL SA	P	2014-10-22	2015-08-27
	TELEFONICA BRASIL SA	P	2015-01-08	2015-08-27
	CONOCOPHILLIPS	P	2013-01-29	2015-08-28
	CONOCOPHILLIPS	P	2014-01-16	2015-08-28
	COPA HOLDINGS SA CL A	P	2013-01-29	2015-08-27
	COPA HOLDINGS SA CL A	P	2014-01-15	2015-08-27
	COPA HOLDINGS SA CL A	P	2014-02-03	2015-08-27
	LENOVO GROUP LTD ADR	P	2013-09-05	2015-08-28
	LENOVO GROUP LTD ADR	P	2014-01-15	2015-08-28
	LENOVO GROUP LTD ADR	P	2014-02-06	2015-08-28
	NIPPON TELEGRAPH&TELEPHONE ADS	P	2013-01-29	2015-08-27
	PANDORA A/S ADR	P	2014-03-18	2015-08-28
	TELEFONICA BRASIL SA	P	2013-01-29	2015-08-27
	TELEFONICA BRASIL SA	P	2013-06-04	2015-08-27
	TELEFONICA BRASIL SA	P	2013-08-26	2015-08-27
	TELEFONICA BRASIL SA	P	2014-01-15	2015-08-27
	TELEFONICA BRASIL SA	P	2014-07-24	2015-08-27
	ADECCO SA UNSPON ADR	P	2015-06-22	2015-09-08
	CANADIAN NATL RAILWAY CO	P	2014-10-13	2015-09-23
	CANADIAN NATL RAILWAY CO	P	2015-01-08	2015-09-23
	CANADIAN NATL RAILWAY CO	P	2015-09-08	2015-09-23
	GRUMA S.A.B DE C.V	P	2015-05-29	2015-09-28
	HONG KONG EXCHANGES AND CLEARING LTD - UNSPON ADR	P	2015-01-27	2015-09-14
	HONG KONG EXCHANGES AND CLEARING LTD - UNSPON ADR	P	2015-09-08	2015-09-14
	ITV PLC UNSPONS ADR	P	2015-04-30	2015-09-08
	MAGNA INTERNATIONAL INC	P	2014-12-08	2015-09-08
	METHANEX CORP	P	2014-10-22	2015-09-11
	METHANEX CORP	P	2015-01-08	2015-09-11
	METHANEX CORP	P	2015-09-08	2015-09-11
	RYANAIR HLDGS PLC ADR	P	2015-01-07	2015-09-08
	SUMITOMO MITSUI FINL GROUP INC	P	2014-11-17	2015-09-08
	TEVA PHARMACEUTICALS ADR	P	2015-03-20	2015-09-08
	AERCAP HOLDINGS N.V.	P	2013-01-29	2015-09-08
	ALLIED WORLD ASSURANCE CO HOLDINGS LTD	P	2013-01-29	2015-09-08
	BT GP PLC SPON ADR	P	2013-01-29	2015-09-08
	WILLIAM BLAIR SM CAP GROWTH I	P	2013-01-29	2015-09-08
	CANADIAN NATL RAILWAY CO	P	2014-07-24	2015-09-23
	CAP GEMINI SA ADR	P	2013-12-17	2015-09-08
	ROCHE HOLDINGS ADR	P	2013-09-16	2015-09-08
	KDDI CORP UNSPON ADR	P	2014-01-22	2015-09-08
	METHANEX CORP	P	2014-05-13	2015-09-11
	MOLSON COORS BREWING CO CL-B	P	2013-01-29	2015-09-17
	MOLSON COORS BREWING CO CL-B	P	2014-01-16	2015-09-17
	ORIX CORP	P	2014-07-22	2015-09-08
	JP MORGAN LARGE CAP GRW I	P	2013-01-29	2015-09-08
	TOUCHSTONE SANDS CAP INST GW	P	2013-01-29	2015-09-08
	VALIDUS HOLDINGS LTD COM	P	2013-01-29	2015-09-08
	VICTORY SYCAMORE SML CO OPP I	P	2013-09-03	2015-09-08
	WABCO HLDGS INC	P	2014-03-17	2015-09-08
	ALLIED WORLD ASSURANCE CO HOLDINGS LTD	P	2015-10-29	2015-10-30
	CHINA EASTN AIRLS LTD SP ADR H	P	2015-09-14	2015-10-29
	JULIUS BAER GROUP LTD	P	2015-06-16	2015-10-28
	JULIUS BAER GROUP LTD	P	2015-09-08	2015-10-28
	MAGNA INTERNATIONAL INC	P	2014-12-08	2015-10-29
	SMC CORP JAPAN SPONSORED ADR	P	2015-01-07	2015-10-29
	ADVANCED SEMICNDCTR ENG SP ADR	P	2013-12-18	2015-10-29
	ALLIANZ SE ADS	P	2013-01-29	2015-10-29
	ALLIED WORLD ASSURANCE CO HOLDINGS LTD	P	2013-01-29	2015-10-30
	ALLIED WORLD ASSURANCE CO HOLDINGS LTD	P	2013-08-26	2015-10-30
	ALLIED WORLD ASSURANCE CO HOLDINGS LTD	P	2014-01-15	2015-10-30
	ANHEUSER BUSCH INBEV	P	2013-01-29	2015-10-27
	ANHEUSER BUSCH INBEV	P	2013-06-04	2015-10-27
	ANHEUSER BUSCH INBEV	P	2014-01-15	2015-10-27
	BT GP PLC SPON ADR	P	2013-01-29	2015-10-29
	BRIDGESTONE CP ADR	P	2013-10-31	2015-10-29
	CANADIAN NATL RAILWAY CO	P	2013-01-29	2015-10-29
	CHECK POINT SOFTWARE TECH LTD	P	2013-01-29	2015-10-29
	MANULIFE FINANCIAL CORP	P	2014-01-29	2015-10-29
	MICROSOFT CORP	P	2013-01-29	2015-10-29
	NETEASE.COM INC ADS	P	2013-01-29	2015-10-29
	ORIX CORP	P	2014-07-22	2015-10-29
	TATA MOTORS LTD	P	2013-04-15	2015-10-29
	UNILEVER PLC (NEW) ADS	P	2014-09-19	2015-10-29
	VALEO SPONSORED ADR	P	2013-01-29	2015-10-29
	ADECCO SA UNSPON ADR	P	2015-06-22	2015-11-12
	CHINA EASTN AIRLS LTD SP ADR H	P	2015-09-14	2015-11-12
	DBS GROUP HOLDINGS LTD SP	P	2014-11-13	2015-11-12
	FRANKLINE	P	2015-06-22	2015-11-12
	HEINEKEN NV SPN ADR	P	2015-10-28	2015-11-12
	HONDA MOTOR COMPANY LTD ADR	P	2014-11-21	2015-11-12
	ITV PLC UNSPONS ADR	P	2015-04-30	2015-11-12
	KASIKORNBANK PUB CO LTD UNSPON	P	2015-02-03	2015-11-12
	KOREA ELECTRIC POWER CORP ADS	P	2015-09-14	2015-11-12
	MAGNA INTERNATIONAL INC	P	2014-12-08	2015-11-12
	MEDTRONIC PLC	P	2015-01-27	2015-11-12
	MITSUBISHI ELCTRIC ADR	P	2015-06-23	2015-11-12
	MURATA MANUFACTURING CO LTD	P	2015-09-14	2015-11-12
	NXP SEMICONDUCTORS NV	P	2015-03-20	2015-11-12
	QUALCOMM INC	P	2015-01-30	2015-11-12
	RENAULT S A ADR	P	2015-10-28	2015-11-12
	RYANAIR HLDGS PLC ADR	P	2015-11-02	2015-11-02
	RYANAIR HLDGS PLC ADR	P	2015-01-07	2015-11-12
	SMC CORP JAPAN SPONSORED ADR	P	2015-01-07	2015-11-12
	SHIRE PLC ADR	P	2015-03-20	2012-11-12
	SUMITOMO MITSUI FINL GROUP INC	P	2014-11-17	2015-11-12
	TECHTRONIC IND LTD SPONS ADR	P	2015-11-02	2015-11-12
	TEVA PHARMACEUTICALS ADR	P	2015-03-20	2015-11-12
	TORAY INDS ADR	P	2015-09-24	2015-11-12
	TOYOTA MOTOR CP ADR NEW	P	2014-12-08	2015-11-12
	UNIBAIL-RODAMCO SE ADR	P	2015-09-29	2015-11-12
	VESTAS WIND SYSTEMS ADS	P	2015-08-28	2015-11-12
	WH GROUP LTD	P	2015-08-28	2015-11-12
	YY INC ADS	P	2015-02-02	2015-11-12
	ADVANCED SEMICNDCTR ENG SP ADR	P	2013-12-18	2015-11-12
	AERCAP HOLDINGS N.V.	P	2013-01-29	2015-11-12
	DEUTSCHE GLB REAL EST SEC INST	P	2013-01-29	2015-11-12
	DEUTSCHE GLB REAL EST SEC INST	P	2013-06-24	2015-11-12
	DEUTSCHE GLB REAL EST SEC INST	P	2013-08-26	2015-11-12
	DEUTSCHE GLB REAL EST SEC INST	P	2013-12-19	2015-11-12
	DEUTSCHE GLB REAL EST SEC INST	P	2014-01-16	2015-11-12
	ALLIANZ SE ADS	P	2013-01-29	2015-11-12
	AMERICAN EXPRESS CO	P	2013-01-29	2015-11-12
	BT GP PLC SPON ADR	P	2013-01-29	2015-11-12
	BAXALTA INC COM	P	2013-01-29	2015-11-12
	BAXTER INTL INC	P	2013-01-29	2015-11-12
	BED BATH & BEYOND INC	P	2014-03-06	2015-11-12
	WILLIAM BLAIR SM CAP GROWTH I	P	2013-01-29	2015-11-12
	BRIDGESTONE CP ADR	P	2013-10-31	2015-11-12
	CANADIAN NATL RAILWAY CO	P	2013-01-29	2015-11-12
	CAP GEMINI SA ADR	P	2013-12-17	2015-11-12
	CHECK POINT SOFTWARE TECH LTD	P	2013-01-29	2015-11-12
	CHEVRON CORP	P	2013-01-29	2015-11-12
	CHEVRON CORP	P	2014-06-10	2015-11-12
	CHINA MOBILE LTD	P	2013-01-29	2015-11-12
	CISCO SYS INC	P	2013-01-29	2015-11-12
	EBAY INC	P	2014-05-15	2015-11-12
	EXPRESS SCRIPTS HLDG CO COM	P	2013-06-20	2015-11-09
	EXPRESS SCRIPTS HLDG CO COM	P	2013-06-20	2015-11-12
	EXELON CORP	P	2013-01-29	2015-11-12
	EXXON MOBIL CORP	P	2013-01-29	2015-11-12
	GLAXOSMITHKLINE PLC ADS	P	2013-01-29	2015-11-12
	ROCHE HOLDINGS ADR	P	2013-09-16	2015-11-12
	ICON PLC	P	2014-10-15	2015-11-12
	JOHNSON & JOHNSON	P	2013-01-29	2015-11-12
	KDDI CORP UNSPON ADR	P	2014-01-22	2015-11-12
	KEPPEL CORP LTD ADR SPONSORED	P	2014-03-18	2015-11-12
	MANULIFE FINANCIAL CORP	P	2014-01-29	2015-11-12
	MICROSOFT CORP	P	2013-01-29	2015-11-12
	NETEASE.COM INC ADS	P	2013-01-29	2015-11-12
	NIPPON TELEGRAPH&TELEPHONE ADS	P	2013-01-29	2015-11-12
	OPPENHEIMER DEVELOPING MKTS Y	P	2013-01-29	2015-11-12
	ORIX CORP	P	2014-07-22	2015-11-12
	JP MORGAN LARGE CAP GRW I	P	2013-01-29	2015-11-12
	PNC FINL SVCS GP	P	2013-01-29	2015-11-12
	PT BK MANDIRI PERSERO TBK UNSP	P	2013-04-03	2001-11-12
	PANDORA A/S ADR	P	2014-03-18	2015-11-12
	PEPSICO INC NC	P	2013-01-29	2015-11-12
	PIMCO COMM REAL RET STRAT INST	P	2013-01-29	2015-11-12
	PIMCO COMM REAL RET STRAT INST	P	2013-03-22	2015-11-12
	PIMCO COMM REAL RET STRAT INST	P	2013-06-21	2015-11-12
	PIMCO COMM REAL RET STRAT INST	P	2013-08-26	2015-11-12
	PROCTER & GAMBLE	P	2013-04-24	2015-11-12
	ROYAL DUTCH SHELL PLC	P	2013-01-29	2015-11-12
	SK TELECOM CO LTD	P	2013-01-29	2015-11-12
	SUNCOR ENERGY INC NEW COM	P	2013-05-23	2015-11-12
	SUNTRUST BKS	P	2013-01-29	2015-11-12
	TAIWAN SMCNDCTR MFG CO LTD ADR	P	2013-08-21	2015-11-12
	TAIWAN SMCNDCTR MFG CO LTD ADR	P	2013-08-21	2015-11-12
	TARGET CORPORATION	P	2013-01-29	2015-11-12
	TATA MOTORS LTD	P	2013-04-15	2015-11-12
	TATA MOTORS LTD	P	2013-08-26	2015-11-12
	TATA MOTORS LTD	P	2014-01-15	2015-11-12
	TORCHMARK CORP	P	2013-01-29	2015-11-12
	TOUCHSTONE SANDS CAP INST GW	P	2013-01-29	2015-11-12
	TRAVELERS COMPANIES INC COM	P	2013-01-29	2015-11-12
	UNILEVER PLC (NEW) ADS	P	2014-09-19	2015-11-12
	US BANCORP NEW	P	2013-01-29	2015-11-12
	VALEO SPONSORED ADR	P	2013-01-29	2015-11-12
	VALIDUS HOLDINGS LTD COM	P	2013-01-29	2015-11-12
	VICTORY SYCAMORE SML CO OPP I	P	2013-09-03	2015-11-12
	WABCO HLDGS INC	P	2014-03-17	2015-11-12
	WAL MART STORES INC	P	2013-01-29	2015-11-12
	WELLS FARGO & CO NEW	P	2013-01-29	2015-11-12
	WIPRO LTD ADS	P	2014-07-08	2015-11-12
	ZURICH INSURANCE GRP LTD ADR	P	2014-05-16	2015-11-12
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	244	212	32
b	108	98	10
c	486	176	310
d	81	76	5
e	400	327	73
	87	76	11
	87	91	-4
	87	81	6
	281	238	43
	615	677	-62
	374	303	71
	377	374	3
	791	1,027	-236
	260	258	2
	138	151	-13
	52	51	1
	282	155	127
	70	51	19
	141	126	15
	141	120	21
	159	144	15
	106	96	10
	159	163	-4
	555	379	176
	139	106	33
	169	97	72
	254	138	116
	169	130	39
	85	66	19
	273	375	-102
	115	110	5
	57	53	4
	57	51	6
	230	202	28
	57	58	-1
	543	413	130
	136	114	22
	459	606	-147
	597	547	50
	5	5	0
	406	577	-171
	406	568	-162
	170	120	50
	205	252	-47
	205	229	-24
	308	328	-20
	87	62	25
	960	745	215
	706	824	-118
	157	198	-41
	670	773	-103
	130	127	3
	746	718	28
	445	323	122
	314	224	90
	2,982	2,143	839
	129	101	28
	2,207	2,013	194
	434	369	65
	125	90	35
	244	472	-228
	35	71	-36
	35	62	-27
	611	579	32
	501	652	-151
	483	590	-107
	45	54	-9
	505	251	254
	393	256	137
	368	95	273
	184	79	105
	184	72	112
	76	52	24
	229	161	68
	76	52	24
	263	317	-54
	858	982	-124
	23	28	-5
	21	26	-5
	699	866	-167
	26	33	-7
	69	84	-15
	26	32	-6
	420	478	-58
	140	127	13
	70	63	7
	388	215	173
	119	62	57
	1,009	728	281
	404	332	72
	814	1,496	-682
	8	15	-7
	65	114	-49
	669	1,157	-488
	15	25	-10
	874	557	317
	194	161	33
	805	778	27
	322	322	0
	12	21	-9
	42	70	-28
	352	384	-32
	509	479	30
	136	140	-4
	134	218	-84
	45	67	-22
	89	129	-40
	45	72	-27
	45	70	-25
	171	137	34
	64	62	2
	171	189	-18
	43	57	-14
	184	1,055	-871
	530	541	-11
	229	283	-54
	127	171	-44
	102	131	-29
	528	348	180
	510	363	147
	200	147	53
	177	140	37
	177	144	33
	67	63	4
	511	430	81
	219	183	36
	438	341	97
	29	31	-2
	57	53	4
	354	233	121
	169	156	13
	4,021	3,395	626
	1,094	1,097	-3
	1	1	0
	1,901	1,993	-92
	1,022	1,052	-30
	500	515	-15
	686	467	219
	229	186	43
	399	300	99
	532	398	134
	133	124	9
	594	596	-2
	145	52	93
	73	59	14
	73	66	7
	218	151	67
	228	180	48
	137	106	31
	273	226	47
	2,533	2,396	137
	484	494	-10
	296	302	-6
	42	43	-1
	2,239	2,303	-64
	2,041	2,067	-26
	288	315	-27
	96	86	10
	663	773	-110
	301	385	-84
	181	230	-49
	897	566	331
	168	141	27
	1,502	1,528	-26
	1,353	1,586	-233
	590	693	-103
	2,067	2,581	-514
	714	826	-112
	71	74	-3
	544	558	-14
	377	443	-66
	49	58	-9
	539	669	-130
	101	111	-10
	276	252	24
	81	81	0
	491	546	-55
	211	231	-20
	187	155	32
	188	191	-3
	156	150	6
	159	164	-5
	455	394	61
	588	607	-19
	115	119	-4
	138	151	-13
	113	115	-2
	33	33	0
	5,159	4,850	309
	852	860	-8
	359	462	-103
	314	301	13
	568	823	-255
	355	406	-51
	605	643	-38
	74	77	-3
	223	197	26
	641	626	15
	627	597	30
	237	230	7
	283	474	-191
	183	221	-38
	83	96	-13
	71	72	-1
	87	128	-41
	183	204	-21
	624	622	2
	83	95	-12
	75	78	-3
	1,102	1,077	25
	436	555	-119
	208	195	13
	661	593	68
	152	104	48
	38	39	-1
	76	73	3
	338	428	-90
	169	177	-8
	169	150	19
	2,651	2,575	76
	34	35	-1
	90	54	36
	30	29	1
	44	60	-16
	1,014	1,200	-186
	81	94	-13
	239	249	-10
	631	819	-188
	653	609	44
	45	65	-20
	178	202	-24
	657	583	74
	563	763	-200
	171	186	-15
	65	65	0
	455	461	-6
	104	91	13
	117	548	-431
	60	56	4
	51	61	-10
	76	80	-4
	222	223	-1
	155	140	15
	515	449	66
	633	611	22
	650	615	35
	65	63	2
	625	610	15
	125	121	4
	623	639	-16
	42	40	2
	145	130	15
	657	550	107
	44	35	9
	982	997	-15
	415	421	-6
	36	37	-1
	96	99	-3
	96	112	-16
	482	552	-70
	563	586	-23
	60	62	-2
	1,101	1,104	-3
	334	296	38
	2,498	2,595	-97
	94	98	-4
	36	36	0
	436	493	-57
	249	219	30
	151	163	-12
	51	52	-1
	6,665	7,034	-369
	1,333	1,422	-89
	2,440	2,808	-368
	3,110	3,501	-391
	6,810	7,622	-812
	1,703	1,918	-215
	1,423	1,659	-236
	1,578	1,053	525
	243	181	62
	1,076	835	241
	100	201	-101
	50	102	-52
	316	216	100
	34	54	-20
	46	78	-32
	34	52	-18
	420	554	-134
	140	204	-64
	150	320	-170
	50	158	-108
	50	126	-76
	409	470	-61
	85	128	-43
	68	90	-22
	388	209	179
	459	265	194
	194	426	-232
	34	76	-42
	148	257	-109
	46	80	-34
	35	61	-26
	39	42	-3
	101	169	-68
	121	168	-47
	243	253	-10
	1,015	1,002	13
	650	625	25
	313	311	2
	76	78	-2
	48	54	-6
	37	58	-21
	111	143	-32
	111	119	-8
	155	134	21
	141	137	4
	128	123	5
	41	14	27
	78	56	22
	67	39	28
	2,364	2,396	-32
	425	959	-534
	219	158	61
	33	32	1
	86	71	15
	593	987	-394
	911	500	411
	331	225	106
	127	159	-32
	4,841	3,336	1,505
	387	326	61
	133	108	25
	3,072	2,905	167
	231	211	20
	109	112	-3
	63	56	7
	884	984	-100
	69	66	3
	53	54	-1
	77	78	-1
	132	108	24
	52	43	9
	510	391	119
	109	93	16
	218	216	2
	586	467	119
	117	92	25
	234	206	28
	72	39	33
	55	52	3
	125	96	29
	84	48	36
	51	55	-4
	585	308	277
	142	47	95
	75	80	-5
	148	120	28
	90	85	5
	151	54	97
	233	293	-60
	266	249	17
	288	364	-76
	445	567	-122
	363	368	-5
	612	604	8
	320	313	7
	334	474	-140
	299	290	9
	180	217	-37
	594	616	-22
	360	450	-90
	388	349	39
	397	535	-138
	210	252	-42
	365	341	24
	57		57
	244	219	25
	349	340	9
	208	254	-46
	310	289	21
	388	370	18
	237	247	-10
	365	349	16
	366	386	-20
	263	256	7
	384	348	36
	272	273	-1
	356	422	-66
	277	234	43
	315	118	197
	2,012	1,927	85
	9	8	1
	573	530	43
	111	101	10
	31	29	2
	292	242	50
	504	416	88
	292	155	137
	300	273	27
	337	336	1
	227	274	-47
	4,291	4,413	-122
	331	309	22
	231	192	39
	263	189	74
	248	146	102
	359	468	-109
	90	125	-35
	296	275	21
	445	331	114
	599	420	179
	176	124	52
	507	372	135
	486	536	-50
	714	824	-110
	160	182	-22
	266	255	11
	336	269	67
	501	372	129
	333	273	60
	269	472	-203
	260	295	-35
	426	223	203
	464	142	322
	346	187	159
	2,186	2,523	-337
	293	319	-26
	2,588	1,765	823
	932	619	313
	247	424	-177
	336	182	154
	885	655	230
	1,268	2,503	-1,235
	24	46	-22
	21	35	-14
	311	533	-222
	523	545	-22
	243	363	-120
	242	188	54
	310	346	-36
	341	232	109
	489	347	142
	381	269	112
	675	553	122
	31	24	7
	213	161	52
	91	91	0
	411	266	145
	3,802	3,051	751
	561	388	173
	256	255	1
	684	534	150
	299	107	192
	315	249	66
	4,254	3,941	313
	333	313	20
	512	629	-117
	717	457	260
	270	276	-6
	291	323	-32
	1,312		1,312

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			32
b			10
c			310
d			5
e			73
			11
			-4
			6
			43
			-62
			71
			3
			-236
			2
			-13
			1
			127
			19
			15
			21
			15
			10
			-4
			176
			33
			72
			116
			39
			19
			-102
			5
			4
			6
			28
			-1
			130
			22
			-147
			50
			0
			-171
			-162
			50
			-47
			-24
			-20
			25
			215
			-118
			-41
			-103
			3
			28
			122
			90
			839
			28
			194
			65
			35
			-228
			-36
			-27
			32
			-151
			-107
			-9
			254
			137
			273
			105
			112
			24
			68
			24
			-54
			-124
			-5
			-5
			-167
			-7
			-15
			-6
			-58
			13
			7
			173
			57
			281
			72
			-682
			-7
			-49
			-488
			-10
			317
			33
			27
			0
			-9
			-28
			-32
			30
			-4
			-84
			-22
			-40
			-27
			-25
			34
			2
			-18
			-14
			-871
			-11
			-54
			-44
			-29
			180
			147
			53
			37
			33
			4
			81
			36
			97
			-2
			4
			121
			13
			626
			-3
			0
			-92
			-30
			-15
			219
			43
			99
			134
			9
			-2
			93
			14
			7
			67
			48
			31
			47
			137
			-10
			-6
			-1
			-64
			-26
			-27
			10
			-110
			-84
			-49
			331
			27
			-26
			-233
			-103
			-514
			-112
			-3
			-14
			-66
			-9
			-130
			-10
			24
			0
			-55
			-20
			32
			-3
			6
			-5
			61
			-19
			-4
			-13
			-2
			0
			309
			-8
			-103
			13
			-255
			-51
			-38
			-3
			26
			15
			30
			7
			-191
			-38
			-13
			-1
			-41
			-21
			2
			-12
			-3
			25
			-119
			13
			68
			48
			-1
			3
			-90
			-8
			19
			76
			-1
			36
			1
			-16
			-186
			-13
			-10
			-188
			44
			-20
			-24
			74
			-200
			-15
			0
			-6
			13
			-431
			4
			-10
			-4
			-1
			15
			66
			22
			35
			2
			15
			4
			-16
			2
			15
			107
			9
			-15
			-6
			-1
			-3
			-16
			-70
			-23
			-2
			-3
			38
			-97
			-4
			0
			-57
			30
			-12
			-1
			-369
			-89
			-368
			-391
			-812
			-215
			-236
			525
			62
			241
			-101
			-52
			100
			-20
			-32
			-18
			-134
			-64
			-170
			-108
			-76
			-61
			-43
			-22
			179
			194
			-232
			-42
			-109
			-34
			-26
			-3
			-68
			-47
			-10
			13
			25
			2
			-2
			-6
			-21
			-32
			-8
			21
			4
			5
			27
			22
			28
			-32
			-534
			61
			1
			15
			-394
			411
			106
			-32
			1,505
			61
			25
			167
			20
			-3
			7
			-100
			3
			-1
			-1
			24
			9
			119
			16
			2
			119
			25
			28
			33
			3
			29
			36
			-4
			277
			95
			-5
			28
			5
			97
			-60
			17
			-76
			-122
			-5
			8
			7
			-140
			9
			-37
			-22
			-90
			39
			-138
			-42
			24
			57
			25
			9
			-46
			21
			18
			-10
			16
			-20
			7
			36
			-1
			-66
			43
			197
			85
			1
			43
			10
			2
			50
			88
			137
			27
			1
			-47
			-122
			22
			39
			74
			102
			-109
			-35
			21
			114
			179
			52
			135
			-50
			-110
			-22
			11
			67
			129
			60
			-203
			-35
			203
			322
			159
			-337
			-26
			823
			313
			-177
			154
			230
			-1,235
			-22
			-14
			-222
			-22
			-120
			54
			-36
			109
			142
			112
			122
			7
			52
			0
			145
			751
			173
			1
			150
			192
			66
			313
			20
			-117
			260
			-6
			-32
			1,312

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	4,030
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	7,500	179,704	0.041735
2013	12,350	6,867	1.798456
2012	117,237	241,303	0.485850
2011	147,500	370,424	0.398192
2010	420,495	579,313	0.725851

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

23.450084

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.690017

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

140,097

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

96,669

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

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

96,701

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

50,000

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	64
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	64
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	64
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	160
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	160
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	96
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax96	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

N/A

The books are in care of bullet

PBMARES LLP Telephone no. bullet

(540) 371-3566

Located at bullet

725 JACKSON STREET SUITE 210FREDERICKSBURGVA ZIP+4 bullet

22401

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

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

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

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

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
GARY W FRAZIER	PRESIDENT 0.00	0	0	0
201 BEACHSIDE DRIVE VERO BEACH,FL32963	PRESIDENT 0.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. 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)

Page 8

Part X

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

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

purposes:

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

129,451

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

12,779

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

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

142,230

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

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

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

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

142,230

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

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

2,133

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

140,097

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

7,005

Part XI

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

and do not complete this part.)

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

7,005

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

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

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

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

6,941

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

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

6,941

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

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

6,941

Part XII

Qualifying Distributions (see instructions)

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

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

50,000

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

50,000

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

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

50,000

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					6,941
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	393,039
b From 2011......	128,979
c From 2012......	105,698
d From 2013......	12,307
e From 2014......
fTotal of lines 3a through e........		640,023
4Qualifying distributions for 2015 from Part
XII, line 4: $ 50,000
a Applied to 2014, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....					6,941
e Remaining amount distributed out of corpus		43,059
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		683,082
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		393,039
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		290,043
10 Analysis of line 9:
a Excess from 2011....	128,979
b Excess from 2012....	105,698
c Excess from 2013....	12,307
d Excess from 2014....
e Excess from 2015....	43,059

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

GARY W FRAZIER

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF PITTSBURGH 4200 FIFTH AVENUE PITTSBURG,PA15260	N/A	PUBLIC	PROVIDE ASSISTANCE WITH CHARITY'S EXEMPT PURPOSE	25,000
MEMORIAL SLOAN-KETTERING CANCER CENTER 300 E 66TH STREET NEW YORK,NY10065	N/A	PUBLIC	PROVIDE ASSISTANCE WITH CHARITY'S EXEMPT PURPOSE	25,000
Total ................................. 3a				50,000

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	2
4 Dividends and interest from securities....			14	3,292
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	4,030
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		7,324	0

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

137,324

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of organization THE FRAZIER FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	GARY AND ANNA FRAZIER 201 BEACHSIDE DR VERO BEACH, FL32963	$ 200	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Name of organization THE FRAZIER FOUNDATION		Employer identification number 54-1993898

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ADECCO SA	AT COST	0	0
ADVANCED SEMICONDUCTOR	AT COST	0	0
AERCAP HLDINGS	AT COST	0	0
ALLIANZ SE-ADR	AT COST	0	0
ALLIED WORLD ASSURANCE	AT COST	0	0
AMERICAN EXPRESS COMPANY	AT COST	0	0
ANHEUSER BUSCH	AT COST	0	0
ANNALY CAPITAL MANAGEMENT	AT COST	0	0
BAXTER INTERNATIONAL INC	AT COST	0	0
BED BATH & BEYOND INC	AT COST	0	0
BRIDGESTONE CORP	AT COST	0	0
BT GROUP	AT COST	0	0
CANADIAN NATL RY CO	AT COST	0	0
CANADIAN NATURAL RESOURCES	AT COST	0	0
CAPGEMINI	AT COST	0	0
CHECK POINT SOFTWARE	AT COST	0	0
CHEVRON CORP	AT COST	0	0
CHINA MOBILE LTD	AT COST	0	0
CHUBB CORP	AT COST	0	0
CISCO SYSTEMS INC	AT COST	0	0
CONOCOPHILLIPS	AT COST	0	0
COPA HOLDINGS SA CL A	AT COST	0	0
DBS GROUP HOLDINGS	AT COST	0	0
DEUTSCHE SECS TR GLOBAL REAL ESTATE	AT COST	0	0
DIAMOND OFFSHORE DRILLING	AT COST	0	0
EBAY INC	AT COST	0	0
EXELON CORP	AT COST	0	0
EXPRESS SCRIPTS HLDG CO	AT COST	0	0
EXXON MOBIL CORP	AT COST	0	0
FRANKLIN RESOURCES INC	AT COST	0	0
GLAXOSMITHKLINE PLC-ADR	AT COST	0	0
GRUMA S.A.B DE C.V.	AT COST	0	0
HONDA MOTOR LTD	AT COST	0	0
HONG KONG EXCHANGES & CLEARING LTD	AT COST	0	0
ICON PLC	AT COST	0	0
ITV PLC	AT COST	0	0
JOHNSON & JOHNSON	AT COST	0	0
JPMORGAN LARGE CAP GROUTH FUND	AT COST	0	0
JULIUS BAER GROUP LTD	AT COST	0	0
KASIKORNBANK PUB CO LTD	AT COST	0	0
KDDI CORP	AT COST	0	0
KEPPEL LTD	AT COST	0	0
LENOVO GROUP LTD ADR	AT COST	0	0
MACK CALI RLTY CORP	AT COST	0	0
MAGNA INTL INC	AT COST	0	0
MANULIFE FINL CORP	AT COST	0	0
MEDTRONIC INC	AT COST	0	0
METHANEX CORP	AT COST	0	0
MICROSOFT CORP	AT COST	0	0
MITSUBISHI ELECTRIC CORP	AT COST	0	0
MOLSON COORS BREWING CO	AT COST	0	0
NETEASE INC	AT COST	0	0
NIPPON TELEGRAPH & TELEPHONE CORP	AT COST	0	0
NXP SEMICONDUCTORS	AT COST	0	0
OPPENHEIMER DEV MKTS	AT COST	0	0
ORIX CORP	AT COST	0	0
PANDORA	AT COST	0	0
PEPSICO INCORP	AT COST	0	0
PIMCO FDS PAC INVT MGMT SER-COMMODITY REAL	AT COST	0	0
PNC FINANCIAL SERVICES	AT COST	0	0
PROCTOR & GAMBLE CO	AT COST	0	0
PT BANK MANDIRI PERSERO TBK-UNSPONSORED ADR	AT COST	0	0
QUALCOMM INC	AT COST	0	0
ROCHE HOLDINGS LTD ADR	AT COST	0	0
ROYAL DUTCH SHELL	AT COST	0	0
RYANAIR HLDGS	AT COST	0	0
SHIRE PLC	AT COST	0	0
SK TELECOMMUNICATIONS CO	AT COST	0	0
SMC CORP	AT COST	0	0
SOUTWESTERN ENERGY CO	AT COST	0	0
STATOIL ASA	AT COST	0	0
SUNCOR ENERGY INC NEW	AT COST	0	0
SUNTRUST BANKS INC	AT COST	0	0
TAIWAN SEMICONDUCTOR MGF CO LTD	AT COST	0	0
TARGET CORP	AT COST	0	0
TATA MOTORS LIMITED	AT COST	0	0
TELEFONICA BRAZIL SA	AT COST	0	0
TEVA PHARMACEUTICAL	AT COST	0	0
TORCHMARK CORP	AT COST	0	0
TOUCHSTONE INSTL FDS TR SANDS CAP INSTL GROUTH	AT COST	0	0
TOYOTA MTR CORP	AT COST	0	0
TRAVELERS COS INC	AT COST	0	0
UNILEVER PLC	AT COST	0	0
US BANCORP NEW	AT COST	0	0
VALEO SPONSORED ADR	AT COST	0	0
VALIDUS HOLDINGS LTD	AT COST	0	0
VICTORY PORTFOLIOS SMALL CO	AT COST	0	0
WABCO HOLDINGS INC	AT COST	0	0
WAL-MART STORES INC	AT COST	0	0
WELLS FARGO CO	AT COST	0	0
WILLIAM BLAIR SMALL CAP GROWTH	AT COST	0	0
WIPRO LTD	AT COST	0	0
YY INC	AT COST	0	0
ZURICH INSURANCE GROUP	AT COST	0	0
ISHARES CORE MSCIEAFE ETF	AT COST	8,943	9,081
ISHARES RUSSELL 2000 ETF	AT COST	8,425	8,624
ISHARES S&P 2000 ETF	AT COST	14,564	16,258
ISHARES S&P MIDCAP 400 INDEX	AT COST	17,446	18,674
S&P 500 INDEX FUND	AT COST	35,971	36,838
SPDR S&P DIVIDEND	AT COST	15,248	16,783
VANGUARD FTSE EMERGING MARKETS	AT COST	6,550	7,045

Description	Revenue and Expenses per Books	Net Investment Income
INVESTMENT FEES	1,373	1,373
BANK FEES	95	95
LICENSES	25	0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX PAID ON SECURITIES	55	0		0
ESTIMATED TAX PAYMENTS	322	0		0


Name of organization THE FRAZIER FOUNDATION			Employer identification number 54-1993898
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.