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
FRED AND CHARLOTTE HUBBELL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)453 7TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DES MOINES, IA50309
A Employer identification number

39-1878112
B Telephone number (see instructions)

(515) 245-2965
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$2,669,399J 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... 63,962 62,808  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -42,313
b Gross sales price for all assets on line 6a 212,841
7 Capital gain net income (from Part IV, line 2)... 0
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........ 21,649 62,808  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 18,967 9,484   9,484
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).......        
c Other professional fees (attach schedule).... Click to see attachment 375 188   188
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,561     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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,903 9,672 0 9,672
25 Contributions, gifts, grants paid....... 168,800 168,800
26 Total expenses and disbursements. Add lines 24 and 25 189,703 9,672 0 178,472
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -168,054
b Net investment income (if negative, enter -0-) 53,136
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.............      
2 Savings and temporary cash investments......... 66,378 47,048 47,048
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) 198,876 Click to see attachment184,635 197,684
b Investments—corporate stock (attach schedule)....... 1,043,943 Click to see attachment910,413 2,288,652
c Investments—corporate bonds (attach schedule)....... 133,105 Click to see attachment132,464 136,015
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) 1,442,302 1,274,560 2,669,399
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........ 1,442,302 1,274,560
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)..... 1,442,302 1,274,560
31 Total liabilities and net assets/fund balances (see instructions). 1,442,302 1,274,560
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
1,442,302
2
Enter amount from Part I, line 27a .....................
2
-168,054
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
312
4
Add lines 1, 2, and 3 ..........................
4
1,274,560
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,274,560
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 605.08 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-01-20
b 51.9 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5%   1998-04-24 2015-01-26
c 409.66 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-01-26
d 13.93 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2015-01-26
e .29 SMALL BUSINESS ADMINISTRATION SERIES 2006-P10A CLASS 1 5.408% 02/1   2008-06-18 2015-02-11
429.93 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-02-20
39.02 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2015-02-25
154.65 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-02-25
11.81 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2015-02-25
396.5 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-03-20
61.49 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2015-03-25
152.84 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-03-25
12.49 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2015-03-25
528.43 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-04-20
51.71 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2015-04-27
161.48 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-04-27
12.58 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2015-04-27
318.36 SMALL BUSINESS ADMINISTRATION SERIES 2006-P10A CLASS 1 5.408% 0   2008-06-18 2015-05-12
441.72 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-05-20
40.74 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2015-05-26
134.94 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-05-26
12.68 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2015-05-26
391.32 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-06-22
38.95 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2015-06-25
582.44 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-06-25
19.95 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2015-06-25
500.94 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-07-20
40.16 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2015-07-27
189.35 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-07-27
20.65 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2015-07-27
4.34 SMALL BUSINESS ADMINISTRATION SERIES 2006-P10A CLASS 1 5.408% 02/   2008-06-18 2015-08-11
412.87 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-08-20
3000. FELCOR LODGING TRUST INC     2015-08-21
1500. FIRST INDUSTRIAL REALTY TRUST, INC     2015-08-21
300. MID-AMERICA APARTMENT COMMUNITIES INC     2015-08-21
1500. FIRST INDUSTRIAL REALTY TRUST, INC     2015-08-24
366. MID-AMERICA APARTMENT COMMUNITIES INC     2015-08-24
29.79 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2015-08-25
295.25 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-08-25
16.51 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2015-08-25
406.66 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-09-21
44.45 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2015-09-25
154.28 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-09-25
17. FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/2032   2007-08-21 2015-09-25
431.19 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-10-20
47.54 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2015-10-26
114.68 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-10-26
17.5 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/203   2007-08-21 2015-10-26
589.43 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-11-20
38.65 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5   1998-04-24 2015-11-25
197.22 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-11-25
17.64 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2015-11-25
5000. COOK COUNTY ILLINOIS SCH DIST NO 148 DOLTON TAXABLE-LTD SCH-SER   2009-06-15 2015-12-02
80. CHEMOURS CO/THE   2006-12-21 2015-12-09
420.89 GOVERNMENT NATIONAL MORTGAGE ASSN POOL #     2015-12-21
38.1 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-74 CLASS D 6.5%   1998-04-24 2015-12-28
172.66 FEDERAL NATIONAL MORTGAGE ASSOCIATION SERIES 1993-82 CLASS H 7%   1998-04-24 2015-12-28
19.16 FEDERAL NATIONAL MORTGAGE ASSOCIATION POOL# 648645 7.5% 06/01/20   2007-08-21 2015-12-28
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 605   593 12
b 52   51 1
c 410   413 -3
d 14   14  
e        
430   421 9
39   38 1
155   156 -1
12   12  
397   388 9
61   60 1
153   154 -1
12   13 -1
528   518 10
52   51 1
161   163 -2
13   13  
318   318  
442   433 9
41   40 1
135   136 -1
13   13  
391   383 8
39   38 1
582   588 -6
20   20  
501   491 10
40   39 1
189   191 -2
21   21  
4   4  
413   404 9
25,032   91,925 -66,893
30,645   50,650 -20,005
24,322   25,828 -1,506
29,031   43,213 -14,182
28,719   28,391 328
30   29 1
295   298 -3
17   17  
407   398 9
44   44  
154   156 -2
17   17  
431   422 9
48   47 1
115   116 -1
18   18  
589   577 12
39   38 1
197   199 -2
18   18  
5,000   4,978 22
487   955 -468
421   412 9
38   37 1
173   174 -1
19   20 -1
      60,292
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       12
b       1
c       -3
d        
e        
      9
      1
      -1
       
      9
      1
      -1
      -1
      10
      1
      -2
       
       
      9
      1
      -1
       
      8
      1
      -6
       
      10
      1
      -2
       
       
      9
      -66,893
      -20,005
      -1,506
      -14,182
      328
      1
      -3
       
      9
       
      -2
       
      9
      1
      -1
       
      12
      1
      -2
       
      22
      -468
      9
      1
      -1
      -1
       
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 -42,313
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 592,554 2,756,334 0.214979
2013 671,584 3,077,368 0.218233
2012 648,995 3,444,456 0.188417
2011 595,068 3,844,963 0.154766
2010 721,562 3,921,119 0.184019
2
Total of line 1, column (d) .....................
20.960414
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
0.192083
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,706,878
5
Multiply line 4 by line 3......................
5
519,945
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
531
7
Add lines 5 and 6........................
7
520,476
8
Enter qualifying distributions from Part XII, line 4.............
8
178,472
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 1,063
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 1,063
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 1,063
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 896
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.............. 7 896
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 9 167
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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)
    bulletIA
    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
    Yes
     
    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
    Yes
     
    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 ofbullet   Telephone no.bullet (515) 245-2965

    Located atbullet453 7TH STREETDES MOINESIA ZIP+4bullet50304
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    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
    BANKERS TRUST COMPANY TRUSTEE
    40     		18,967    
    453 7TH STREET
    DES MOINES,IA50309
    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
    2,689,972
    b
    Average of monthly cash balances.......................
    1b
    58,127
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,748,099
    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
    2,748,099
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    41,221
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,706,878
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    135,344
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    135,344
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,063
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,063
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    134,281
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    134,281
    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
    134,281
    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
    178,472
    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
    178,472
    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
    178,472
    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 7 134,281
    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...... 526,996
    b From 2011...... 404,418
    c From 2012...... 480,006
    d From 2013...... 519,072
    e From 2014...... 456,527
    fTotal of lines 3a through e........ 2,387,019
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 178,472
    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..... 134,281
    e Remaining amount distributed out of corpus 44,191
    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 2,431,210
    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) ...     		526,996
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		1,904,214
    10 Analysis of line 9:
    a Excess from 2011.... 404,418
    b Excess from 2012.... 480,006
    c Excess from 2013.... 519,072
    d Excess from 2014.... 456,527
    e Excess from 2015.... 44,191
    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:
    M NUSSBAUMM-BELL
    453 7TH ST
    DES MOINES,IA50309
    (515) 245-2965
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER DESCRIBING PURPOSE OF CONTRIBUTION OR GRANT, INCLUDING STATEMENT THE ORGANIZATION IS TAX-EXEMPT UNDER IRC 501(C)(3), THE AMOUNT REQUESTED, AND A DESCRIPTION OF PROGRAM.
    cAny submission deadlines:
    NO SUBMISSION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO RESTRICTIONS OR LIMITATIONS
    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
    IOWA ENVIRONMENTAL COUNCIL
    7031 DOUGLAS AVE
    DES MOINES,IA50322     		NONE EXEMPT SCIENTIFIC-IMPROVE 20,000
    SCIENCE CENTER OF IOWA
    4500 GRAND AVE
    DES MOINES,IA50315     		NONE EXEMPT EDUCATIONAL SUPPORT TO 100
    SIMPSON COLLEGE
    701 NORTH C AVE
    INDIANOLA,IA50125     		NONE EXEMPT EDUCATIONAL SUPPORT 5,000
    PLANNED PARENTHOOD OF GREATER
    IOWA
    PO BOX 4557
    DES MOINES,IA50306     		NONE EXEMPT CHARITABLE SUPPORT PUBLIC 100
    ST JUDES CHILDRENS RESEARCH
    HOSPITAL
    ATTN MEMORIAL DEPARTMENT
    MEMPHIS,TN38105     		NONE EXEMPT CHARITABLE SUPPORT OF 2,500
    IOWA POLICY PROJECT
    318 2ND AVE NORTH
    MT VERNON,IA52314     		NONE EXEMPT SCIENTIFIC PRESERVE OF 10,000
    BLANK PARK ZOO FOUNDATION
    3812 INGERSOLL AVE
    DES MOINES,IA50312     		NONE EXEMPT EDUCATIONAL - PRESERVATION 100
    YOUTH HOMES OF MIDAMERICA
    7085 NW BEAVER AVE
    JOHNSTON,IA50131     		NONE EXEMPT EDUCATIONAL - CARE FOR 100
    YMCA - GREATER DES MOINES
    101 LOCUST STREET
    DES MOINES,IA50309     		NONE EXEMPT CHARITABLE - HOUSING UNDER 25,000
    UNICEF
    333 E 38TH ST
    NEW YORK,NY10016     		NONE EXEMPT MEDICAL RESEARCH 1,000
    CENTRAL PARK CONSERVANCY
    14 E 60TH ST
    NEW YORK,NY10022     		NONE EXEMPT CARE AND CONSERVATION OF NY 2,000
    WESTMINISTER PRESBYTERIAN CHURCH
    4114 ALLISON AVE
    DES MOINES,IA50312     		NONE EXEMPT RELIGION-GENERAL FUND 100
    BROADLAWNS MEDICAL CENTER
    FOUNDATION
    1801 HICKMAN ROAD
    DES MOINES,IA50312     		NONE EXEMPT MEDICAL-GENERAL FUND 1,000
    BOYS AND GIRLS CLUBS-CENTRAL IOWA
    1350 EAST WASHINGTON AVE
    DES MOINES,IA50316     		NONE EXEMPT HUMANITARIAN-ASSIST AT RISK 4,000
    FRICK COLLECTION
    1 EAST 70TH ST
    NEW YORK,NY10001     		NONE EXEMPT SUPPORT FINE ARTS 2,000
    FOUNDATION FOR TOMORROW
    PO BOX 470836
    CHARLOTTE,NC28247     		NONE EXEMPT SUPPORT UNDER PRIVILAGED 5,600
    WORLD WILDLIFE FUND INC
    1250 24TH ST NW
    WASHINGTON,DC20090     		NONE EXEMPT SUPPORT WILDLIFE 2,500
    ANAWIM HOUSING FOUNDATION
    921 6TH AVE STE B
    DES MOINES,IA50309     		NONE EXEMPT PROVIDE HOUSING FOR 10,000
    CONSERVATION FUND
    1655 N FT MEYER DR
    ARLINGTON,VA22209     		NONE EXEMPT CONSERVE NATURAL RESOURCES 4,000
    COOPERATIVE ASSISTANCE FUND
    1432 U ST NW
    WASHINGTON,DC20009     		NONE EXEMPT COMMUNITY DEVELOPMENT FOR 1,000
    DENVER MUSEUM OF NATURE AND SCIENCE
    2001 COLORADO BLVD
    DENVER,CO80205     		NONE EXEMPT PRESERVATION OF HISTORICAL 4,000
    ECHOING GREEN FOUNDATION
    494 EIGHTH AVE
    NEW YORK,NY10001     		NONE EXEMPT PROVIDING FOR FUTURE SOCIAL 2,000
    IOWA RIVERS REVIVAL FOUNDATION
    PO BOX 72
    DES MOINES,IA50301     		NONE EXEMPT PRESERVATION OF IOWA RIVERS 2,000
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVE
    NEW YORK,NY10028     		NONE EXEMPT PRESERVATION OF THE ARTS 2,000
    DES MOINES BOTANICAL CENTER
    909 ROBERT D RAY DR
    DES MOINES,IA50309     		NONE EXEMPT PROMOTING THE PRESERVATION 15,000
    FRIENDS OF CONSERVATION
    17-18 HAYWARDS PLACE
      ENGLANDEC1ROEQ
    UK     		NONE EXEMPT PROTECTING ASIAN ELEPHANTS 1,000
    HABITAT FOR HUMANITY
    2341 2ND AVENUE
    DES MOINES,IA50313     		NONE EXEMPT CONSTRUCTION AND 100
    UNIVERSITY OF NORTH CAROLINA
    1400 SPRING GARDEN ST
    GREENSBORO,NC27412     		NONE EXEMPT EDUCATION 5,000
    WATER FOR PEOPLE
    6666 W QUINCY AVE
    DENVER,CO80235     		NONE EXEMPT WATER AND SANITATION 4,000
    CHP 11-99 FOUNDATION
    2244 N STATE COLLEGE BLVD
    FULLERTON,CA92831     		NONE EXEMPT SCHOLARSHIP PROGRAM 1,000
    EARTH ISLAND INSTITUTE
    215 ALLSTON WAY
    BERKLEY,CA94704     		NONE EXEMPT ENVIRONMENTAL CONSERVATION 1,500
    KCRW PUBLIC RADIO
    1900 PICO BLVD
    SANTA MONICA,CA90405     		NONE EXEMPT SPIRITUAL RADIO 1,000
    MAKE A WISH FOUNDATION
    3024 104TH ST
    URBANDALE,IA50322     		NONE EXEMPT PROGRAMS FOR TERMINALLY ILL 1,000
    OPERATION SMILE
    6435 TIDEWATER DR
    NORFOLK,VA23509     		NONE EXEMPT DENTAL CARE FOR NEEDY 1,000
    WORLD VETS
    802 1ST AVE NORTH
    FARGO,ND58102     		NONE EXEMPT HUMANE TREATMENT OF ANIMALS 1,000
    USA FOR UNHCR
    1775 K STREET NW STE 290
    WASHINGTON,DC20006     		NONE EXEMPT ASSIST MISPLACED REFUGEES 1,000
    AMANDA FOUNDATION
    35 NORTH FOOTHILL RD
    BEVERLY HILLS,CA90210     		NONE EXEMPT DOGS AND CATS RESCUE 1,000
    KOMERA PROJECT
    161 E 110TH ST 7G
    NEW YORK,NY10029     		NONE EXEMPT EMPOWER WOMEN IN RWANDA 2,000
    AMERICAN SOCIETY FOR THE PREVENTION
    OF CRUELTY TO ANIMALS
    424 E 92ND ST
    NEW YORK,NY10128     		NONE EXEMPT HUMANITARIAN 2,000
    HUMANE SOCIETY OF THE US
    2100 LST NW
    WASHINGTON,DC20037     		NONE EXEMPT PREVENT ANIMAL CRUELTY 1,000
    ANGELMAN SYNDROME FOUNDATION
    4255 WESTBROOK DR STE 219
    AURORA,IL60504     		NONE EXEMPT MEDICAL RESEARCH 6,000
    ACLU FOUNDATION
    125 BROAD ST
    NEW YORK,NY10004     		NONE EXEMPT LEGAL SERVICES FOR 1,000
    CARNEGIE INSTIUTION FOR SCIENCE
    1530 P ST NW
    WASHINGTON,DC20005     		NONE EXEMPT EDUCATIONAL ASSISTANCE 4,000
    CFDA FOUNDATION INC
    65 BLEECKER FL 11
    NEW YORK,NY10012     		NONE EXEMPT EDUCATIONAL ASSISTANCE 3,000
    INJURED MARINE SEMPER FI FUND
    825 COLLEGE BLVD STE 102
    OCEANSIDE,CA92057     		NONE EXEMPT MEDICAL ASSISTANCE 1,000
    OPERATION HOMEFRONT
    1355 CENTRAL PARKWAY S STE 100
    SAN ANTONIO,TX78232     		NONE EXEMPT MEDICAL SERVICE FOR 1,500
    PAUL TAYLOR DANCE FOUNDATION
    551 GRAND ST
    NEW YORK,NY10002     		NONE EXEMPT ADVANCEMENT OF THE ARTS 2,500
    COLORADO PUBIC RADIO KCFR
    7409 S ALTON CT
    CENTENNIAL,CO80112     		NONE EXEMPT PUBLIC RADIO SUPPORT 4,000
    ME FINE FOUNDATION
    5100 US HIGHWAY 70 E
    PRINCETON,NC24569     		NONE NONE MEDICAL ASSISTANCE TO 100
    VINFEN CORPORATION
    950 CAMBRIDGE ST
    CAMBRIDGE,MA02141     		NONE EXEMPT MEDICAL ASSISTANCE WITH 1,000
    Total .................................bullet 3a 168,800
    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 63,962  
    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 -42,313  
    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)..   21,649  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1321,649
    (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 InvestmentsCorpBondsSchedule
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN:
    39-1878112
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DEERE CO 6.95% 4/2014    
    BOA COM MTG SER 2004-6 12/2042    
    GE CAP COM MTG 2005 7/2045    
    GREENWICH CAP COMM FND 8/2042    
    SALOMON BROS MORT SEC 3/2036    
    JP MORGAN COMM MTG SER 3/2046    
    CAPITAL ONE FIN CO 7/2016 44,976 45,416
    FBL FIN GRP 3/2017    
    SIMON PROP GRP LP 3.375% 22-21 49,858 51,552
    SWISS RE SOLUTIONS 6/2019-2014 37,630 39,047

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN:
    39-1878112
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 8,905 24,701
    COLONIAL PROPERTIES TRUST    
    DEERE CO 6,334 22,881
    EMC CORPORATION 15,032 43,656
    EMERSON ELECTRIC 10,463 16,741
    EXXON MOBIL 7,380 15,590
    FELCOR LODGING    
    DODGE COX INTL STOCK FUND 30,000 27,650
    ISHARES RUSSELL 2000 INDX FUND 17,322 16,893
    ING NV 134,200 69,023
    MACERICH CO 363,691 1,399,487
    MICROSOFT 26,490 55,480
    MID-AMERICA APARTMENT COMM INC    
    SCHLUMBERGER LTD 5,142 12,206
    TAUBMAN CENTERS INC 37,999 214,816
    MFS INTL GRWTH FUND 30,000 29,979
    TOLL BROTHERS INC 7,538 13,320
    WALMART STORES INC 13,640 33,715
    TRAVELERS CO INC 8,131 16,929
    WILLIAMS CO INC 19,436 20,560
    DU PONT DE NEMOIRS 18,668 26,640
    JOHNSON JOHNSON 13,204 20,544
    NEWMONT MINING 9,088 3,598
    ORACLE CORP 3,879 8,219
    PEPSICO INC 15,831 24,980
    PROCTOR GAMBLE 14,415 17,867
    QUALCOMM INC 11,534 14,996
    RMR GROUP INC 111 112
    SENIOR HOUSING PROP TRUST 15,351 10,388
    T ROWE PRICE INTL GRWTH 30,000 28,168
    ABBVIE INC 7,023 23,696
    FISERV INC 14,449 52,132
    T ROWE PRICE 9,712 14,298
    US BANK 5,445 9,387
    FIRST INDUSTRIAL REALTY TRUST    

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN:
    39-1878112
    US Government Securities - End of Year Book Value:

    89,695
    US Government Securities - End of Year Fair Market Value:

    98,084
    State & Local Government Securities - End of Year Book Value:


    94,940
    State & Local Government Securities - End of Year Fair Market Value:


    99,600


    TY 2015 OtherIncreasesSchedule
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN:
    39-1878112
    Description Amount
    ASSET ADJUSTMENTS TO BOOK VALUE 312


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN:
    39-1878112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (ALLOCABLE 375 188   188


    TY 2015 TaxesSchedule
    Name:
    FRED AND CHARLOTTE HUBBELL FOUNDATION
    EIN:
    39-1878112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 312 0   0
    FEDERAL TAX PAYMENT - PRIOR YE 215 0   0
    FEDERAL ESTIMATES - PRINCIPAL 896 0   0
    FOREIGN TAXES ON QUALIFIED FOR 135 0   0
    FOREIGN TAXES ON NONQUALIFIED 3 0   0