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
OUTCALT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1925
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ALAMOSA, CO81101
A Employer identification number

20-7432649
B Telephone number (see instructions)

(719) 589-0155
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$26,158,448J 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) 788,947
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 497 497  
4 Dividends and interest from securities... 634,543 634,543  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 124,585
b Gross sales price for all assets on line 6a 1,317,835
7 Capital gain net income (from Part IV, line 2)... 124,585
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 155,518 155,518  
12 Total. Add lines 1 through 11........ 1,704,090 915,143  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,000 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 16,035 2,269   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 18 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 30,558 30,076   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 96,611 32,345   0
25 Contributions, gifts, grants paid....... 1,000,000 1,000,000
26 Total expenses and disbursements. Add lines 24 and 25 1,096,611 32,345   1,000,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 607,479
b Net investment income (if negative, enter -0-) 882,798
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 726,155 695,816 695,816
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet3,381,585
Less: allowance for doubtful accounts bullet0 3,632,768 Click to see attachment3,381,585 3,381,585
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   14,360 14,360
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 19,663,499 Click to see attachment20,031,181 19,382,684
c Investments—corporate bonds (attach schedule)....... 2,282,641 Click to see attachment2,625,473 2,514,473
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment161,000 161,000
14 Land, buildings, and equipment: basis bullet1,860
Less: accumulated depreciation (attach schedule) bullet1,827 51 Click to see attachment33 50
15 Other assets (describe bullet) Click to see attachment5,335 Click to see attachment8,480 Click to see attachment8,480
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,310,449 26,917,928 26,158,448
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 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........ 26,310,449 26,917,928
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 26,310,449 26,917,928
31 Total liabilities and net assets/fund balances (see instructions). 26,310,449 26,917,928
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
26,310,449
2
Enter amount from Part I, line 27a .....................
2
607,479
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
26,917,928
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
26,917,928
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 KRAFT FOODS GRP INC   2013-01-31 2015-07-06
b KRAFT FOODS GRP INC   2013-01-31 2015-07-06
c IBSMX   2014-09-08 2015-05-14
d MEIIX   2014-09-08 2015-05-14
e EXEYX   2014-09-08 2015-05-14
OHYAX   2014-10-06 2015-04-30
KR   2014-04-25 2015-04-30
ZION   2014-04-25 2015-06-03
ACGMX   2014-09-25 2015-05-11
JFLEX   2014-09-25 2015-07-29
MFEIX   2014-09-25 2015-05-11
EXWAX   2014-09-25 2015-07-29
NBGIX   2014-09-25 2015-05-11
PTUIX   2014-09-25 2015-07-29
Capital Gains 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 42,381   31,359 11,022
b 5,478     5,478
c 2,879   3,294 -415
d 19,121   18,476 645
e 8,816   10,505 -1,689
50,000   51,636 -1,636
138,100   90,061 48,039
306,000   291,100 14,900
112,995   118,853 -5,858
133,858   134,505 -647
118,017   111,589 6,428
98,296   108,907 -10,611
87,393   87,628 -235
133,883   135,337 -1,454
60,618     60,618
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       11,022
b       5,478
c       -415
d       645
e       -1,689
      -1,636
      48,039
      14,900
      -5,858
      -647
      6,428
      -10,611
      -235
      -1,454
      60,618
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 2 124,585
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 45,000 14,783,830 0.003044
2013 45,444 1,036,173 0.043858
2012 48,897 926,739 0.052762
2011 48,579 955,488 0.050842
2010 42,515 929,958 0.045717
2
Total of line 1, column (d) .....................
20.196223
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
0.039245
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
26,008,846
5
Multiply line 4 by line 3......................
5
1,020,717
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
8,828
7
Add lines 5 and 6........................
7
1,029,545
8
Enter qualifying distributions from Part XII, line 4.............
8
1,000,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
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 17,656
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 17,656
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 17,656
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 14,360
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,360
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,296
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 taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletCO
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbulletoutcaltfoundation.org
    14
    The books are in care ofbulletCAROLYN M KAWANABE Telephone no.bullet (719) 589-0155

    Located atbullet815 FOURTH STREETALAMOSACO ZIP+4bullet81101
    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
     
     
    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
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    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
    CAROLYN M KAWANABE SECRETARY, TRUSTEE
    15.00     		50,000 0 0
    PO BOX 204
    ALAMOSA,CO81101
    KARLA SHRIVER PRESIDENT, TRUSTEE
    15.00     		0 0 0
    4485 E HWY 160
    MONTE VISTA,CO81144
    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.........................bullet0
    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
    22,002,822
    b
    Average of monthly cash balances.......................
    1b
    836,623
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,565,475
    d
    Total (add lines 1a, b, and c).........................
    1d
    26,404,920
    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
    26,404,920
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    396,074
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    26,008,846
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,300,442
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,300,442
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    17,656
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,656
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,282,786
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,282,786
    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
    1,282,786
    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
    1,000,000
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,000,000
    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
    1,000,000
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    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 1,282,786
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 717,508
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,000,000
    a Applied to 2014, but not more than line 2a 717,508
    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..... 282,492
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		1,000,294
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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:
    CAROLYN M KAWANABE
    PO BOX 1925
    ALAMOSA,CO81101
    (719) 589-0155
    cmkawanabe@gmail.com
    bThe form in which applications should be submitted and information and materials they should include:
    OUTCALT FOUNDATION SCHOLARSHIP APPLICATION
    cAny submission deadlines:
    MARCH 15TH
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SAN LUIS VALLLEY COLORADO HIGH SCHOOL SENIORS AND POST HIGH SCHOOL STUDENTS TO ATTEND AN ACCREDITED COLLEGE, UNIVERSITY, JUNIOR COLLEGE, TECHNICAL, OR TRADE SCHOOL.
    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
    TAYLOR BOLLINGER
    PO BOX 14
    CONEJOS,CO81129     		NONE N/A EDUCATIONAL ASSISTANCE 5,000
    KELCI VAN TREESE
    0522 LANE 7 NORTH
    MONTE VISTA,CO81144     		NONE N/A EDUCATIONAL ASSISTANCE 5,000
    ALEX LOPEZ
    1923 ESTRELLA PLACE
    ALAMOSA,CO81101     		NONE N/A EDUCATIONAL ASSISTANCE 5,000
    VALLEY CITIZENS FOUNDATION FOR HEALTH CARE INC DBA RIO GRANDE HOSPITAL
    310 COUNTY ROAD 14
    DEL NORTE,CO81132     		NONE PUBLIC CHARITY FURTHERANCE OF EXEMPT PURPOSE 400,000
    MONTE VISTA COMMUNITY FUND INC
    95 W FIRST AVE
    MONTE VISTA,CO81144     		NONE PUBLIC CHARITY FURTHERANCE OF EXEMPT PURPOSE 25,000
    HIGH VALLELY COMMUNITY CENTER INC
    1210 GRANDE AVE
    DEL NORTE,CO81132     		NONE PUBLIC CHARITY FURTHERANCE OF EXEMPT PURPOSE 25,000
    BOYS & GIRLS CLUB OF THE SAN LUIS VALLEY
    PO BOX 1032
    ALAMOSA,CO81101     		NONE PUBLIC CHARITY FURTHERANCE OF EXEMPT PURPOSE 25,000
    HOMELAKE HISTORIC PRESERVATION AND RESTORATION FOUNDATION
    PO BOX 97
    HOMELAKE,CO81135     		NONE PUBLIC CHARITY FURTHERANCE OF EXEMPT PURPOSE 340,000
    LA PUENTE HOME INC
    PO BOX 1235
    ALAMOSA,CO81101     		NONE PUBLIC CHARITY FURTHERANCE OF EXEMPT PURPOSE 170,000
    Total .................................bullet 3a 1,000,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 497  
    4 Dividends and interest from securities....     14 634,543  
    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.....     14 155,518  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 124,585  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 915,143 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13915,143
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    OUTCALT FOUNDATION
     
    Employer identification number

    20-7432649
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    OUTCALT FOUNDATION
          		Employer identification number
    20-7432649
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    RALPH H OUTCALT TRUST  
    PO BOX 204
     
    ALAMOSA, CO81101

    		$ 627,947


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    RALPH H OUTCALT TRUST  
    PO BOX 204
     
    ALAMOSA, CO81101

    		$ 161,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    OUTCALT FOUNDATION
          		Employer identification number

    20-7432649
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 VACANT LOTS #11 AND #12 CARROLL ADDN, ALAMOSA CO 81101 $ 137,000 2015-02-25
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 VACANT LAND-TRACT 4, STOCKTON, ALAMOSA CO 81101 $ 24,000 2015-11-06
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    OUTCALT FOUNDATION
          		Employer identification number

    20-7432649
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2015 DepreciationSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 2008-01-22 1,685 1,685 SL 5.000000000000 0 0    
    FILE CABINET 2008-01-29 175 124 SL 10.000000000000 18 0    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Name of Bond End of Year Book Value End of Year Fair Market Value
    51317.169 SHARES BRIDGE BUILDER CORD BOND FUND 519,332 514,711
    9366.58 SHARES CAPITAL WORLD BOND FUND CL 188,896 175,998
    16189.776 SHARES JANUS FLEXIBLE BOND FD 170,315 166,755
    6591.543 SHARES JPMORGAN CORE BD FD A 77,292 76,132
    28053.985 SHARES JPMORGAN CORE PLUS BD A 234,743 226,115
    20435.227 SHARES JPMORGAN GL BOND OPPORT CL 213,360 198,017
    20797.138 SHARES JPMORGAN HIGH YIELD FD CL A 164,170 141,421
    5039.552 SHARES JPMORGAN LIMITED DURATION BD 50,446 50,194
    6689.168 SHARES JPMORGAN MORTG BKD SECS FD 77,700 76,859
    15406.758 SHARES JPMORGAN SH DUR BD SEL 167,901 166,547
    23355.237 SHARES JPMORGAN TOTAL RETURN FUND 235,322 224,911
    1692.149 SHARES METROPOLITAN WEST TOTAL RET 18,341 17,971
    19287.959 SHARES NEUBERGER BERMAN HIGH INCOME BD 176,375 155,461
    1166.139 SHARES PIMCO TOTAL RETURN FD 12,418 11,883
    2203.908 SHARES PRUDENTIAL HIGH YIELD FD 12,714 11,152
    11931.22 SHARES PRUDENTIAL TOTAL RETURN BOND 170,605 166,560
    13527.397 SHARES BRIDGE BUILDER CORE PLUS BOND 135,543 133,786

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Name of Stock End of Year Book Value End of Year Fair Market Value
    17000 SHARES AT&T 588,951 584,970
    100 SHARES CLOROX CO 8,817 12,683
    500 SHARES GARMIN LTD 17,122 18,585
    27000 SHARES GAS NATURAL 297,327 201,150
    4500 SHARES MICROSOFT 159,965 249,660
    1000 SHARES WAL-MART STORES INC 76,420 61,300
    1500 SHARES AGCO Corp 85,613 68,085
    8049.746 SHARES ALLGI NFJ DIV-INSTL INSTITU 136,831 123,725
    2000 SHARES ALLSTATE CORP 112,775 124,180
    10000 SHARES ALTRIA GROUP INC 386,550 582,100
    3640.384 SHARES AMERICAN CAPITAL WORLD G&I 169,098 157,519
    15703.577 SHARES AMERICAN CENTURY DIVERSIFIE 169,395 167,086
    1000 SHARES AMERICAN WATER WORKS CO 45,940 59,750
    370.273 SHARES AMERN EUROPACIFIC GROWTH FD 18,400 16,722
    10000 SHARES BANK OF AMERICA CORP 6.2040 (BAC-D) 249,150 258,300
    6349.487 SHARES BLACKROCK EQUITY DIVIDEND 155,492 133,339
    2000 SHARES BOEING CO 258,370 289,180
    500 SHARES BP SP ADR 24,923 15,630
    3000 SHARES CATERPILLAR INC 312,855 203,880
    15000 SHARES CENTURYLINK INC 518,250 377,400
    3000 SHARES CHESAPEAKE ENERGY CORP 81,854 13,500
    9000 SHARES CHEVRON CORP 1,117,260 809,640
    1000 SHARES CHIMERA INVESTMENT CORP 15,550 13,640
    1000 SHARES CIMAREX ENERGY CO 120,575 89,380
    4000 SHARES CISCO SYSTEMS INC 92,400 108,620
    1300 SHARES CITIGROUP INC 62,465 67,275
    55.277 SHARES CLRBRG AGGR GR I SHS I 12,411 11,285
    60000 SHARES COCA COLA CO 2,443,500 2,577,600
    400 SHARES COLGATE PALMOLIVE CO 26,572 26,648
    137.958 SHARES COLUMBIA ACORN TR, ACORN IN 6,481 5,397
    2000 SHARES CONOCOPHILLIPS 148,800 93,380
    1247 SHARES DAIMLER AG 114,475 104,312
    1000 SHARES DISCOVER FINANCIAL SERVICES 55,655 53,620
    69.712 SHARES DODGE & COX STK FD 12,691 11,347
    3954.545 SHARES DODGE & COX INTL STOCK FD 177,246 144,262
    6961.206 SHARES DREYFUS PREMIER INTERNATION 0 0
    5000 SHARES DUKE ENERGY CORP 367,825 356,950
    1000 SHARES ENCANA CORP 22,795 5,090
    5000 SHARES FORD MOTOR CO 79,025 70,450
    432.532 SHARES FRANKLIN MUTUAL SHRS CORP F 13,036 11,246
    30000 SHARES GENERAL ELECTRIC 800,250 934,500
    4000 SHARES GENERAL MILLS INC 209,620 230,640
    1000 SHARES GOLD RESOURCE CORP 4,805 1,660
    2000 SHARES HALLIBURTON CO 126,200 68,080
    220.75 SHARES HARBOR FD INTL 15,643 13,119
    1000 SHARES HOME DEPOT 79,365 132,250
    5000 SHARES INTEL CORP 132,262 172,250
    2400 SHARES IBM 455,736 330,288
    4154.692 SHARES INVESCO GROWTH & INCOME FD 0 0
    492.477 SHARES IRONBRIDGE SMID CAP FD 7,568 5,988
    651.075 SHARES JOHN HANCOCK DISCIPLINED VA 12,891 12,468
    3000 SHARES JP MORGAN CHASE & CO 167,985 198,090
    54912.62 SHARES JPMORGAN FED MMKT FD 54,913 54,913
    3742.79 SHARES JPMORGAN MID CAP VALUE FD 139,166 127,143
    1000 SHARES KRAFT HEINZ CO 56,720 72,760
    4000 SHARES KROGER CO 90,061 167,320
    408.466 SHARES MAINSTAY ICAP SELECT EQUITY 19,623 14,639
    10365.392 SHARES MANNING & NAPIER FD INC 0 0
    504.897 SHARES MANNING & NAPIER FD INC PRO 0 0
    1500 SHARES MCDONALDS CORP 150,101 177,210
    3110 SHARES MERCK & CO INC 180,885 164,270
    1586.039 SHARES MFS EMERGING GROWTH FD 0 0
    522.114 SHARES MFS INTERNATIONAL VALUE FD 18,846 18,650
    526.147 SHARES MFS VALUE FD 0 0
    1000 SHARES MONDELEZ INT 35,280 44,840
    12000 SHARES MORGAN STANLEY 368,100 381,720
    499 SHARES MOTOROLA SOLUTIONS INC 31,225 34,157
    1254.472 SHARES NEUBERGER BERMAN GENESIS 72,394 64,053
    1000 SHARES NEWMONT MINING CORP 26,055 17,990
    5000 SHARES NORFOLK SOUTHERN CORP 471,875 422,950
    2827 SHARES OWENS ILL INC 90,704 49,246
    26005 SHARES PFIZER INC 797,638 839,441
    1400 SHARES PHILIP MORRIS INT 117,320 123,074
    5000 SHARES PITNEY BOWES 125,200 103,250
    10000 SHARES PNM RESOURCES 278,450 305,700
    238.752 SHARES PRUDENTIAL JENNISON MID CAP 10,058 8,576
    213 SHARES SEVENTY SEVEN ENERGY INC 4,981 224
    500 SHARES SPECTRA ENERGY CORP 19,494 11,970
    200 SHARES STATOILHYDRO 5,752 2,792
    3330.188 SHARES TROWE PRICE EQUITY INCOME 110,489 94,777
    725.710 SHARES TROWE PRICE INTL STK FD 12,324 11,089
    6478.649 SHARES TROWE PRICE LG CAP GROWTH 183,498 187,168
    2000 SHARES WENDY'S COMPANY 16,700 21,540
    4000 SHARES UNION PAC CORP 378,010 312,800
    1000 SHARES US STEEL CORP 26,815 7,980
    1000 SHARES VERIZON COMM 46,050 46,220
    168.486 SHARES VICTORY SYCAMORE SMALL COMP 6,967 6,040
    12000 SHARES WELLS FARGO & CO 590,700 652,320
    1000 SHARES WILLIAMS COS INC 41,330 25,700
    667 SHARES WPX ENERGY INC 14,187 3,829
    20140 SHARES XCEL ENERGY INC 639,949 723,227
    105000 SHARES ZIONS BANCORP 3,056,550 2,866,500
    4100 SHARES KINDER MORGAN INC 136,818 61,172
    1100 SHARES ROYAL DUTCH SHELL PLC ADR A 70,394 50,369
    14394.6 SHARES BRIDGE BUILDER LARGE CAP GR 143,155 143,946
    15516.402 SHARES BRIDGE BUILDER LARGE CAP VALUE 155,834 145,699
    10075.514 SHARES BRIDGE BUILDER SMALLMID CA GROWTH 100,002 94,609
    9757.828 SHARES BRIDGE BUILDER INTL EQUITY 98,712 92,211
    8818.94 SHARES DREYFUS INT STOCK CL 134,569 125,494
    252.845 SHARES VANGUARD GROWTH & INCOME FD 10,000 10,000
    182.582 SHARES VANGUARD GROWTH INDEX FD 10,000 10,000
    1128.548 SHARES VANGUARD HEALTH CARE FD 108,102 104,887

    TY 2015 InvestmentsOtherSchedule2
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VACANT LOT #11 CARROLL ADDN ALAMOSA CO FMV 72,223 72,223
    VACANT LOT #12 CARROLL ADDN ALAMOSA CO FMV 64,777 64,777
    VACANT LAND-TRACT 4 STOCKTON ALAMOSA CO FMV 24,000 24,000

    TY 2015 LandEtcSchedule2
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 1,685 1,685 0  
    FILE CABINET 175 142 33  


    TY 2015 OtherAssetsSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 5,335 8,480 8,480


    TY 2015 OtherExpensesSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 257 0   0
    INVESTMENT MANAGEMENT FEES 30,001 30,001   0
    SPENCER EDWARDS TERMINATION FEE 75 75   0
    CONDO LOTS MAINTENANCE 225 0   0


    TY 2015 OtherIncomeSchedule2
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ANDERSON LLC 42,970 42,970 42,970
    THOMAS GREG CURTIS 56,480 56,480 56,480
    DENNIS CURTIS 26,068 26,068 26,068
    PETER DEVINE 26,068 26,068 26,068
    OPPENHEIMER RETIREMENT 3,932 3,932 3,932


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

    TY 2015 OtherNotesLoansRcvblLongSch
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    ANDERSON LLC NONE 807,500 694,955 2012-12 2022-12 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $6,814.14 FOR 10 YEARS 600.0000000000 % 1407 TREMONT, ALAMOSA CO 81101 FINANCE SALE OF 1403 TREMONT, ALAMOSA, CO 81101   694,955
    THOMAS G AND KAY L CURTIS NONE 1,615,250 1,397,048 2014-10 2019-10 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $5,720 FOR 5 YEARS 400.0000000000 % SORUM TRACTOR CO INC COMMON STOCK FINANCE SALE OF SORUM TRACTOR CO INC COMMON STOCK   1,397,048
    DENNIS CURTIS NONE 745,500 644,791 2014-10 2019-10 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $2,640 FOR 5 YEARS 400.0000000000 % SORUM TRACTOR CO INC COMMON STOCK FINANCE SALE OF SORUM TRACTOR CO INC COMMON STOCK   644,791
    PETER AND ETHEL J DEVINE NONE 745,500 644,791 2014-10 2019-10 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $2,640 FOR 5 YEARS 400.0000000000 % SORUM TRACTOR CO INC COMMON STOCK FINANCE SALE OF SORUM TRACTOR CO INC COMMON STOCK   644,791

    TY 2015 SubstantialContributorsSch
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Name Address
    RALPH H OUTCALT PO BOX 204
    ALAMOSA,CO81101
    RALPH H OUTCALT ESTATE PO BOX 204
    ALAMOSA,CO81101
    RALPH H OUTCALT TRUST PO BOX 204
    ALAMOSA,CO81101


    TY 2015 TaxesSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID STERNE AGEE 96 96   0
    FOREIGN TAXES PAID EJ #2189819 86 86   0
    FOREIGN TAXES PAID EJ #2181519 750 750   0
    FOREIGN TAXES PAID EJ #2168516 1,337 1,337   0
    FEDERAL EXCISE TAX 13,766 0   0