Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
TAYLOR-MCHENRY MEMORIAL FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1558 DEPT EA4E86
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLUMBUS, OH43216
A Employer identification number

31-6063772
B Telephone number (see instructions)

(330) 438-1180
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$2,651,237J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 68,061 68,061  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 25,058
b Gross sales price for all assets on line 6a 934,628
7 Capital gain net income (from Part IV, line 2)... 25,058
8 Net short-term capital gain......... 0
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........ 93,119 93,119  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 23,140 11,570   11,570
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 550 275 0 275
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,860 488   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 200     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 33,750 12,333 0 12,045
25 Contributions, gifts, grants paid....... 127,901 127,901
26 Total expenses and disbursements. Add lines 24 and 25 161,651 12,333 0 139,946
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -68,532
b Net investment income (if negative, enter -0-) 80,786
c Adjusted net income (if negative, enter -0-)... 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............. 49    
2 Savings and temporary cash investments......... 35,589 56,415 56,415
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 1,445,270 Click to see attachment1,445,583 1,827,553
c Investments—corporate bonds (attach schedule)....... 873,471 Click to see attachment788,294 767,269
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,354,379 2,290,292 2,651,237
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 2,354,379 2,290,292
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 2,354,379 2,290,292
31 Total liabilities and net assets/fund balances (see instructions). 2,354,379 2,290,292
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
2,354,379
2
Enter amount from Part I, line 27a .....................
2
-68,532
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,754
4
Add lines 1, 2, and 3 ..........................
4
2,292,601
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,309
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,290,292
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 258.271 ARTISAN INTERNATIONAL VALUE FUND - INVES     2015-08-20
b 3772.593 ARTISAN INTERNATIONAL VALUE FUND - INVES     2015-08-20
c 10.618 COHEN AND STEERS INSTITUTIONAL REALTY SH   2014-09-30 2015-08-20
d 1663.681 COHEN AND STEERS INSTITUTIONAL REALTY SH     2015-08-20
e 547. ISHARES S & P SMALLCAP 600   2014-09-25 2015-08-20
245. NUCOR CORP     2015-08-20
810.127 OPPENHEIMER DEVELOPING MARKETS FUND-I     2015-06-16
1611.875 OPPENHEIMER DEVELOPING MARKETS FUND-I     2015-08-20
16236.253 PIMCO LOW DURATION INSTITUTIONAL     2015-08-20
93.253 PIMCO LOW DURATION INSTITUTIONAL     2015-08-20
7077.097 PIMCO TOTAL RETURN FUND INSTL CLASS   2009-05-22 2015-08-20
34.622 PIMCO TOTAL RETURN FUND INSTL CLASS     2015-08-20
121.608 TCW EMERGING MARKETS INCOME FUND - CLASS     2015-08-20
9910.997 TCW EMERGING MARKETS INCOME FUND - CLASS     2015-08-20
100.257 FRANKLIN TEMPLETON GLOBAL BOND FUND - AD     2015-08-20
13368.08 FRANKLIN TEMPLETON GLOBAL BOND FUND - AD     2015-08-20
250. TRACTOR SUPPLY COMPANY     2015-08-20
3802.775 WASATCH LONG/SHORT FUND     2015-06-16
CAPITAL GAIN DIVIDENDS P    
(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 8,848   8,905 -57
b 129,249   135,654 -6,405
c 498   482 16
d 77,960   69,950 8,010
e 62,327   57,508 4,819
11,220   10,516 704
28,460   26,404 2,056
49,243   31,373 17,870
161,388   168,565 -7,177
927   963 -36
75,300   73,602 1,698
368   379 -11
936   1,045 -109
76,315   84,036 -7,721
1,162   1,319 -157
154,936   160,112 -5,176
23,062   15,662 7,400
54,950   63,095 -8,145
      17,479
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       -57
b       -6,405
c       16
d       8,010
e       4,819
      704
      2,056
      17,870
      -7,177
      -36
      1,698
      -11
      -109
      -7,721
      -157
      -5,176
      7,400
      -8,145
       
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 25,058
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 142,980 2,800,015 0.051064
2013 142,467 2,683,400 0.053092
2012 132,941 2,502,956 0.053114
2011 145,177 2,543,148 0.057086
2010 138,111 2,509,756 0.05503
2
Total of line 1, column (d) .....................
20.269386
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
0.053877
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,748,277
5
Multiply line 4 by line 3......................
5
148,069
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
808
7
Add lines 5 and 6........................
7
148,877
8
Enter qualifying distributions from Part XII, line 4.............
8
139,946
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 1,616
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,616
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 1,616
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 6,476
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,476
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
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 4,860
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,616 RefundedBullet 11 3,244
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
 
 
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)
    bulletOH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletHUNTINGTON NATIONAL BANK Telephone no.bullet (740) 588-6470

    Located atbullet422 MAIN STZANESVILLEOH ZIP+4bullet43702
    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
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HUNTINGTON NATIONAL BANK TRUSTEE
    2     		23,140    
    PO BOX 1558 DPT EA4E86
    COLUMBUS,OH44216
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    2,726,136
    b
    Average of monthly cash balances.......................
    1b
    63,993
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,790,129
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,790,129
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    41,852
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,748,277
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    137,414
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    137,414
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,616
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,616
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    135,798
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,000
    5
    Add lines 3 and 4............................
    5
    136,798
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    136,798
    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
    139,946
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    139,946
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    139,946
    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 7 136,798
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 0
    b From 2011...... 0
    c From 2012...... 0
    d From 2013...... 4,806
    e From 2014...... 9,455
    fTotal of lines 3a through e........ 14,261
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 139,946
    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..... 136,798
    e Remaining amount distributed out of corpus 3,148
    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 17,409
    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) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		17,409
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 0
    c Excess from 2013.... 4,806
    d Excess from 2014.... 9,455
    e Excess from 2015.... 3,148
    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 e-mail address of the person to whom applications should be addressed:
    HUNTINGTON NATIONAL BANK
    422 MAIN ST
    ZANESVILLE,OH43702
    (740) 588-7060
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER DESCRIBING FUNDS NEEDED AND PROPOSED USE OF FUNDS
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO MUSKINGUM COUNTY, OHIO RESIDENTS
    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
    WEST MUSKINGUM FBLA
    PO BOX 2307
    ZANESVILLE,OH43702     		NONE PC SAFE AT HOME AND SCHOOL 4,540
    SALVATION ARMY
    PO BOX 2307
    ZANESVILLE,OH43702     		NONE PC GENERAL SUPPORT 10,000
    EASTSIDE COMMUNITY MINISTRY
    PO BOX 2307
    ZANESVILLE,OH43702     		NONE PC RELIGIOUS 5,000
    POLICE ATHLETIC LEAGUE
    42 SOUTH 1ST STREET
    NEWARK,OH43055     		NONE PC GENERAL SUPPORT 5,505
    MUSKINGUM VALLEY GARDEN SOCIETY
    PO BOX 2688
    ZANESVILLE,OH43702     		NONE PC GENERAL SUPPORT 2,500
    VILLAGE OF FRAZEYSBURG GRANT FOR SAFETY
    7 WEST 2ND STREET
    FRAZEYSBURG,OH43822     		NONE PC GENERAL SUPPORT 2,500
    ZANEVILLE CHAPTER BARBERSHOP HARMONY SOC
    2778 W RIDGEWOOD CIRCLE
    ZANESVILLE,OH43701     		NONE PC GENERAL SUPPORT 4,000
    JOHN & ANNIE GLENN MUSEUM GRANT FOR BLAS
    4 COMIN ST
    NEW CONCORD,OH43762     		NONE PC GENERAL SUPPORT 3,200
    TEAM GODSPEED
    1202 BRANDYWINE BLVD
    ZANESVILLE,OH43701     		NONE PC GENERAL SUPPORT 2,500
    HABITAT FOR HUMANITY OF SOUTHEASTERN
    525 W UNION ST
    ATHENS,OH45701     		NONE PC GENERAL SUPPORT 10,000
    JOHN MCCINTRE 5TH GRADE CLASS GRANT FOR
    1275 ROOSEVELT AVE
    ZANESVILLE,OH43701     		NONE PC GENERAL SUPPORT 3,800
    OTSPM-MUSKINGSUM COUNTY LIBRARY
    220 N FIFTH STREET
    ZANESVILLE,OH43701     		NONE PC GENERAL SUPPORT 5,000
    SOROPTIMIST OF ZANEVILLE
    2930 WESLEY CHAPEL ROAD
    ZANESVILLE,OH43701     		NONE PC GENERAL SUPPORT 1,000
    DUNCAN FALLS ELEMENTARY
    397 OAK STREET
    DUNCAN FALLS,OH43734     		NONE PC GENERAL SUPPORT 3,356
    NORTH TERRACE CHRISTIAN PRESCHOOL
    1569 BOWERS LANE
    ZANESVILLE,OH43701     		NONE PC GENERAL SUPPORT 15,000
    ZANESVILLE MIDDLE SCHOOL
    1429 BLUE AVE
    ZANESVILLE,OH43701     		NONE PC GENERAL SUPPORT 25,000
    ZANESVILLE HIGH SCHOOL
    1701 BLUE AVE
    ZANESVILLE,OH43701     		NONE PC GENERAL SUPPORT 25,000
    Total .................................bullet 3a 127,901
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 68,061  
    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 25,058  
    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)..   93,119  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1393,119
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    TAYLOR-MCHENRY MEMORIAL FUND
    EIN:
    31-6063772
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 550 275   275

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    TAYLOR-MCHENRY MEMORIAL FUND
    EIN:
    31-6063772
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AUTOZONE INC 4% 11/15/2020-202 51,778 52,502
    FEDERATED TOTAL RETURN BOND FU 197,703 191,617
    GOLDMAN SACHS HIGH YIELD FUND- 55,982 51,946
    IBM CORP 1.875% 05/15/2019 49,523 49,938
    LORD ABBETT SHORT DURATION INC 138,407 134,350
    PIMCO INCOME FUND-INSTITUTIONA 195,936 187,618
    TOYOTA MOTOR CREDIT CORP SERIE 49,715 49,853
    VODAFONE GROUP PLC 1.5% 02/19/ 49,250 49,445
    FRANKLIN TEMPLATION GLOBAL BON    
    PIMCO LOW DURATION FUND-INSTIT    
    PIMCO TOTAL RETURN FUND-INSTIT    
    TWC EMERGING MARKETS INCOME FU    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    TAYLOR-MCHENRY MEMORIAL FUND
    EIN:
    31-6063772
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS 16,259 19,822
    ARCHER-DANIELS-MIDLAND CO 12,434 13,572
    AUTOMATIC DATA PROCESSING 16,815 31,771
    BALL CORP W/1 PDF STK PUR RT/S 6,180 20,634
    BAXALTA INC 9,149 12,880
    BAXTER INTERNATIONAL INC W/1 R 10,737 12,590
    BRISTOL MYERS SQUIBB CO 1,106 23,045
    CVS HEALTH CORPORATION 10,817 23,954
    CANADIAN NATIONAL RAILWAY COM 9,401 19,837
    CARDINAL HEALTH INC 15,846 33,923
    CENTURYLINK INC 9,356 6,793
    CHEVRON CORPORATION 12,450 11,245
    CHURCH & DWIGHT CO INC W/1 RT/ 9,459 19,947
    CISCO SYSTEMS 18,027 27,834
    COLUMBIA FUNDS SERIES TRUST-CO 70,499 54,389
    COMCAST CORP CL A 4,682 17,211
    DFA US CORE EQUITY 1 PORTFOLIO 139,954 135,610
    DFA EMERGING MARKETS CORE EQUI 55,982 53,148
    DEERE & CO W/1 RT/SH 13,124 11,059
    EMC CORP MASS 19,906 24,524
    EMRSON ELECTRIC CO 18,896 18,654
    EXXON MOBIL CORP 443 10,523
    FACEBOOK INC-A 26,780 43,434
    FEDERATED INTERNATIONAL LEADER 181,784 164,597
    FRANKLIN RES INC 17,742 17,121
    GENERAL MILLS INC 6,865 13,838
    GILEAD SCIENCES INC 7,808 39,464
    HALLIBURTON CO 16,288 10,552
    HARBOR INTERNATIONAL FUND 55,982 50,570
    ILLINOIS TOOLS WORKS 19,365 32,438
    ISHARES CORE S&P MID-CAP ETF 68,257 70,914
    ISHARES CORE S&P SMALL-CAP ETF 75,414 80,270
    JOHNSON CTLS INC 5,571 11,847
    ESTEE LAUDER CO INC 12,249 18,493
    MARATHON PETROLEUM CORP 12,182 18,662
    MERCH & CO INC 7,148 15,054
    NEXTERA ENERGY INC 1,225 11,428
    NIKE INC CL B 6,632 25,625
    OCCIDENTAL PETROLEUM CORP 11,060 12,237
    ORACLE CORPORATION 19,202 30,137
    PEPSICO INC 200 11,491
    PRAXAIR INC 11,441 13,312
    PRUDENTIAL FINANCIAL INC 16,534 24,830
    QUALCOMM NC 19,955 12,996
    T. ROWE PRICE REAL ESTATE FUND 27,991 28,541
    SPDR S&P REGIONAL BANKING ETF 11,501 18,235
    SCHLUMBERGER LTD 13,969 12,206
    SEMPRA ENERGY 7,806 14,102
    STATE STREET CORP 12,865 20,572
    TJX COMPANIES INC 10,884 19,500
    TEXAS INSTRUMENT INC 24,757 43,574
    TRAVELERS CO INC 13,229 28,215
    UNITED TECHNOLOGIES CORP 11,895 16,812
    UNITEDHEALTH GROUP INC 15,626 33,527
    VF CORP 14,383 14,940
    VALERO ENRGY CORP 10,003 30,759
    VANGUARD 500 INDEX FUND-ADMIRA 139,954 140,036
    VERIZON COMMUNICATIONS 10,890 10,168
    WELLS FARGO & CO 19,580 29,083
    ACCENTURE PLC CL A 19,044 35,008
    ARTISAN INTERNATIONAL VALUE FU    
    NUCOR CORP W/1 RT/SH    
    TRACTOR SUPPLY COMPANY    
    COHEN AND STEERS INSTITUTIONAL    
    WASATCH LONG/SHORT FUND    
    OPPENHEIMER DEVELOPING MARKETS    

    TY 2015 OtherDecreasesSchedule
    Name:
    TAYLOR-MCHENRY MEMORIAL FUND
    EIN:
    31-6063772
    Description Amount
    2015 TRANSACTIONS POSTED IN 2016 2,309


    TY 2015 OtherExpensesSchedule
    Name:
    TAYLOR-MCHENRY MEMORIAL FUND
    EIN:
    31-6063772
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSE-PRINCI 200 0   200


    TY 2015 OtherIncreasesSchedule
    Name:
    TAYLOR-MCHENRY MEMORIAL FUND
    EIN:
    31-6063772
    Description Amount
    2014 TRANSACTIONS POSTED IN 2015 5,751
    REFUND FROM GRANT TO DREAM IT BE IT 1,000
    ROUNDING 3


    TY 2015 TaxesSchedule
    Name:
    TAYLOR-MCHENRY MEMORIAL FUND
    EIN:
    31-6063772
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 2,896 0   0
    FEDERAL ESTIMATES - PRINCIPAL 6,476 0   0
    FOREIGN TAXES ON QUALIFIED FOR 314 314   0
    FOREIGN TAXES ON NONQUALIFIED 174 174   0