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
ADDISON GIBSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)620 LIBERTY AVENUE 10TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA152222705
A Employer identification number

25-0965379
B Telephone number (see instructions)

(412) 762-2950
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$34,700,725J 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... 655,194 655,194  
5a Gross rents............ 88,469 88,469  
b Net rental income or (loss) 3,738
6a Net gain or (loss) from sale of assets not on line 10 1,700,907
b Gross sales price for all assets on line 6a 8,602,559
7 Capital gain net income (from Part IV, line 2)... 1,700,907
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)....... Click to see attachment 1,049,418    
12 Total. Add lines 1 through 11........ 3,493,988 2,444,570  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 127,413 43,424   83,989
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits....... 59,772 0 0 59,772
16a Legal fees (attach schedule)......... Click to see attachment 4,212 0 0 4,212
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 11,932     11,932
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 64,225 12,500   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy.............. 40,058     40,058
21 Travel, conferences, and meetings....... 839 0 0 839
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 125,634 2   125,632
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 434,085 55,926 0 326,434
25 Contributions, gifts, grants paid....... 1,131,610 1,131,610
26 Total expenses and disbursements. Add lines 24 and 25 1,565,695 55,926 0 1,458,044
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,928,293
b Net investment income (if negative, enter -0-) 2,388,644
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......... 1,708,374 7,781,148 7,781,148
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,842,487 Click to see attachment8,328,540 10,243,785
c Investments—corporate bonds (attach schedule)....... 2,322,912 Click to see attachment1,798,561 1,798,974
11 Investments—land, buildings, and equipment: basis bullet60,805
Less: accumulated depreciation (attach schedule) bullet   60,805 60,805 60,805
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 18,892,903 Click to see attachment13,675,134 14,816,013
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) 30,827,481 31,644,188 34,700,725
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........ 30,624,728 31,173,494
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 202,753 470,694
30 Total net assets or fund balances (see instructions)..... 30,827,481 31,644,188
31 Total liabilities and net assets/fund balances (see instructions). 30,827,481 31,644,188
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
30,827,481
2
Enter amount from Part I, line 27a .....................
2
1,928,293
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
459
4
Add lines 1, 2, and 3 ..........................
4
32,756,233
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,112,045
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
31,644,188
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 1600. CBS CORP CLASS B WI   2013-07-23 2015-01-09
b 1640. CROWN HOLDINGS INC   2014-07-09 2015-01-09
c 1940. DELTA AIR LINES INC   2013-11-20 2015-01-09
d 1240. HELMERICH & PAYNE INC COM   2013-07-23 2015-01-09
e 2120. SUNTRUST BANKS INC COM   2014-04-10 2015-01-09
800. VERIZON COMMUNICATIONS COM   2013-07-23 2015-01-09
657. GENERAL ELEC CO COM   2013-11-20 2015-01-13
589. GENERAL ELEC CO COM   2014-07-02 2015-01-13
32. GENERAL ELEC CO COM   2013-11-20 2015-01-13
36. GENERAL ELEC CO COM   2014-07-10 2015-01-13
269. PHILIP MORRIS INTERNAT-W/I   2014-05-23 2015-01-13
52. LYONDELLBASELL INDUSTRIES N.V. ISIN NL0009434992 SEDOL B3SPXZ3   2014-07-10 2015-01-13
84. LYONDELLBASELL INDUSTRIES N.V. ISIN NL0009434992 SEDOL B3SPXZ3   2013-11-20 2015-01-13
300000. EI DUPONT DEMOUR SR NTS   2009-12-21 2015-01-15
400. CHEVRON CORPORATION   2010-12-28 2015-01-30
1650. DISCOVER FINANCIAL W/I   2013-03-01 2015-01-30
10. GOOGLE INC CL A   2013-11-20 2015-01-30
1870. MICROSOFT CORP   2014-04-10 2015-01-30
50. MICROSOFT CORP   2003-09-02 2015-01-30
7220. REGIONS FINANCIAL CORP   2013-07-23 2015-01-30
308. DISCOVER FINANCIAL W/I   2014-07-10 2015-02-03
168. DISCOVER FINANCIAL W/I   2013-11-20 2015-02-03
38. BAXTER INTERNATIONAL INC   2014-07-10 2015-03-13
140. BAXTER INTERNATIONAL INC   2014-07-10 2015-03-13
97. BAXTER INTERNATIONAL INC   2013-11-20 2015-03-13
210. NATIONAL FUEL GAS CO N J COM   2014-07-10 2015-03-13
114. NATIONAL FUEL GAS CO N J COM   2013-11-20 2015-03-13
1. AMERICAN INTERNATIONAL GROUP INC   2001-01-01 2015-03-17
270. GARMIN LTD ISIN CH0114405324 SEDOL B3Z5T14   2014-07-10 2015-04-14
150. GARMIN LTD ISIN CH0114405324 SEDOL B3Z5T14   2014-02-25 2015-04-14
594. CA INC   2014-07-02 2015-04-17
164. CA INC   2013-11-20 2015-04-17
200. ALTRIA GROUP INC   2013-07-23 2015-05-01
1310. AMERICAN EXPRESS CO   2010-05-07 2015-05-01
1960.22 BLACKROCK FUNDS EQUITY DIVIDEND INSTITUTIONAL   2014-12-15 2015-05-01
43230.147 BLACKROCK FUNDS EQUITY DIVIDEND INSTITUTIONAL   2010-07-28 2015-05-01
280. BOEING CO   2013-07-23 2015-05-01
150. CVS CAREMARK CORP   2013-07-23 2015-05-01
1000. CHEVRON CORPORATION   2010-12-28 2015-05-01
2500. COCACOLA CO   2010-12-28 2015-05-01
390. COMCAST CORPORATION CL A   2013-07-23 2015-05-01
250. DISNEY WALT CO   2014-04-10 2015-05-01
860. EOG RES INC   2013-11-20 2015-05-01
840. EASTMAN CHEM CO   2014-07-09 2015-05-01
22004.357 EATON VANCE FLOATING RATE FUND CLASS I   2012-07-24 2015-05-01
83.65 FIDELITY ADVISOR FLOATING HIGH INCOME FUND I   2014-12-08 2015-05-01
20327.02 FIDELITY ADVISOR FLOATING HIGH INCOME FUND I   2012-07-24 2015-05-01
4330. GENERAL ELEC CO COM   2013-07-23 2015-05-01
400. GILEAD SCIENCES INC COM   2015-01-30 2015-05-01
700. HOME DEPOT INC COM   2012-07-24 2015-05-01
1200. ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND   2012-07-24 2015-05-01
90. LOCKHEED MARTIN CORP   2014-07-09 2015-05-01
1000. MERCK & CO INC   2010-05-07 2015-05-01
2380. MICRON TECHNOLOGY INC   2014-10-22 2015-05-01
760. PACKAGING CORP OF AMERICA COM   2015-01-09 2015-05-01
1000. PACKAGING CORP OF AMERICA COM   2014-04-10 2015-05-01
4000. PFIZER INC COM   2010-05-07 2015-05-01
230. PROCTER & GAMBLE CO   2013-03-01 2015-05-01
180. QUALCOMM   2015-01-30 2015-05-01
120. 3M COMPANY COM   2012-07-24 2015-05-01
770. UNION PAC CORP COM   2006-04-03 2015-05-01
1040. UNITED TECHNOLOGIES CORP COM   2010-05-07 2015-05-01
300. WELLS FARGO & CO NEW COM   2013-07-23 2015-05-01
240. WISCONSIN ENERGY CORP   2013-07-23 2015-05-01
760. LYONDELLBASELL INDUSTRIES N.V. ISIN NL0009434992 SEDOL B3SPXZ3   2015-01-09 2015-05-01
410. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7   2014-07-09 2015-05-01
1470. ROYAL CARRIBEAN CRUISES LTD SEDOL 2754907 ISIN LR0008862868   2014-09-02 2015-05-01
555. POTASH CORP SASK INC LESS EXCHANGE RATE OF .6921   2014-08-07 2015-05-06
232. GLAXO WELLCOME PLC SPONSORED ADR   2014-07-10 2015-05-18
65. GLAXO WELLCOME PLC SPONSORED ADR   2014-07-10 2015-05-19
155. GLAXO WELLCOME PLC SPONSORED ADR   2013-11-20 2015-05-19
429. MERCK & CO INC   2014-07-10 2015-06-18
52. MCDONALDS CORP COM   2013-11-20 2015-06-24
115. MCDONALDS CORP COM   2014-07-10 2015-06-24
11. MCDONALDS CORP COM   2013-11-20 2015-06-24
130. HCP INC REIT   2014-06-11 2015-06-25
40. HCP INC REIT   2015-06-18 2015-06-25
578. HCP INC REIT   2014-07-10 2015-06-25
177. LILLY ELI & CO   2014-07-10 2015-07-01
286. PFIZER INC COM   2013-11-20 2015-07-01
39. PFIZER INC COM   2013-11-20 2015-07-01
150000. WELLS FARGO & COMPANY NTS   2014-04-10 2015-07-01
1. NORTEL NETWORK CORPORATION   2001-01-01 2015-07-09
575. CONOCOPHILLIPS   2013-11-20 2015-08-07
733.853 ASTON FAIRPOINTE MID CAP FUND CLASS I FD 232   2014-12-30 2015-08-19
4059.265 ASTON FAIRPOINTE MID CAP FUND CLASS I FD 232   2014-07-09 2015-08-19
1810. ALLSTATE CORP   2014-10-22 2015-08-19
330. CIGNA CORP   2014-09-02 2015-08-19
510. CONOCOPHILLIPS   2015-01-09 2015-08-19
1380. CONOCOPHILLIPS   2013-11-20 2015-08-19
2140. DELTA AIR LINES INC   2013-11-20 2015-08-19
326.987 EAGLE SMALL CAP GROWTH FUND CL I   2014-12-22 2015-08-19
2772.319 EAGLE SMALL CAP GROWTH FUND CL I   2010-07-28 2015-08-19
17307.145 GOLDMAN SACHS GRTH OPPOR INSTIT CLASS   2010-07-28 2015-08-19
3856.582 GOLDMAN SACHS GRTH OPPOR INSTIT CLASS   2014-12-05 2015-08-19
4560. HANESBRANDS INC - W/I   2015-01-09 2015-08-19
770. POLARIS INDS INC   2012-07-24 2015-08-19
710. PROCTER & GAMBLE CO   2013-03-01 2015-08-19
1060. PROCTER & GAMBLE CO   1959-07-28 2015-08-19
1940. QUALCOMM   2011-07-19 2015-08-19
180. QUALCOMM   2015-01-30 2015-08-19
890. SKYWORKS SOLUTIONS INC COM   2014-07-09 2015-08-19
400. SKYWORKS SOLUTIONS INC COM   2015-01-30 2015-08-19
1000. SOUTHWEST AIRLINES COM   2015-05-01 2015-08-19
600. 3M COMPANY COM   2012-07-24 2015-08-19
5391.341 TOUCHSTONE SANDS CAPITAL SELECT GROWTH FD CLASS Y   2014-12-12 2015-08-19
21562.837 TOUCHSTONE SANDS CAPITAL SELECT GROWTH FD CLASS Y   2011-07-19 2015-08-19
950. UNION PAC CORP COM   2006-04-03 2015-08-19
890. ACE LIMITED NAME CHG 01/15/16 SEE H1467J104   2014-07-09 2015-08-19
250. ACE LIMITED NAME CHG 01/15/16 SEE H1467J104   2015-01-09 2015-08-19
420. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7   2014-07-09 2015-08-19
.75 CARE CAPITAL PROPERTIES INC   2013-11-20 2015-08-24
85. CARE CAPITAL PROPERTIES INC   2013-11-20 2015-08-26
420. CHEVRON CORPORATION   2013-11-20 2015-09-09
300000. PRAXAIR INC SR UNSEC   2009-12-21 2015-09-15
220. PROCTER & GAMBLE CO   2013-11-20 2015-10-28
150000. GENERAL ELEC CAP CORP SR UNSEC   2014-04-10 2015-11-09
119. QUALCOMM   2013-11-20 2015-12-02
25. QUALCOMM   2013-11-20 2015-12-02
270. SYMANTEC CORP COM   2014-07-10 2015-12-02
837. SYMANTEC CORP COM   2014-03-11 2015-12-02
20. PINNACLE WEST CAPITAL CORP   2015-10-02 2015-12-17
543. PINNACLE WEST CAPITAL CORP   2013-11-20 2015-12-17
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 87,790   83,648 4,142
b 78,081   83,503 -5,422
c 90,905   53,773 37,132
d 74,665   82,756 -8,091
e 82,388   83,189 -801
37,335   40,320 -2,985
15,560   17,761 -2,201
13,942   15,507 -1,565
757   865 -108
853   945 -92
22,311   23,114 -803
3,884   5,109 -1,225
6,274   6,558 -284
300,000   300,000  
40,023   37,189 2,834
89,631   67,573 22,058
5,332   5,113 219
76,568   75,455 1,113
2,047   1,338 709
62,777   74,510 -11,733
17,276   19,290 -2,014
9,423   8,699 724
2,547   2,893 -346
9,385   10,658 -1,273
6,503   6,710 -207
12,212   16,078 -3,866
6,630   7,759 -1,129
4,042   25 4,017
12,635   15,441 -2,806
7,020   7,865 -845
18,502   16,743 1,759
5,108   5,323 -215
10,056   7,198 2,858
101,484   56,542 44,942
49,006   47,359 1,647
1,080,754   678,713 402,041
40,372   29,999 10,373
15,018   9,249 5,769
108,428   91,342 17,086
101,648   84,481 17,167
22,616   17,562 5,054
27,392   20,002 7,390
84,428   71,955 12,473
66,528   73,671 -7,143
198,699   200,000 -1,301
818   813 5
198,798   201,228 -2,430
117,211   106,984 10,227
41,963   41,820 143
76,209   35,641 40,568
142,665   144,671 -2,006
16,894   14,236 2,658
59,679   33,803 25,876
68,736   74,208 -5,472
52,985   59,910 -6,925
69,717   68,457 1,260
135,478   66,591 68,887
18,317   17,563 754
12,252   11,426 826
18,867   10,549 8,318
82,096   37,476 44,620
119,516   79,100 40,416
16,488   13,389 3,099
11,796   10,452 1,344
78,863   60,290 18,573
41,142   27,151 13,991
99,860   94,090 5,770
17,777   19,137 -1,360
10,358   12,554 -2,196
2,898   3,517 -619
6,911   8,181 -1,270
25,130   25,011 119
5,052   5,074 -22
11,173   11,602 -429
1,067   1,073 -6
4,740   5,387 -647
1,458   1,538 -80
21,074   25,301 -4,227
14,947   11,070 3,877
9,665   9,157 508
1,317   1,249 68
150,000   150,000  
100     100
28,170   46,401 -18,231
28,363   30,756 -2,393
156,891   200,000 -43,109
114,412   112,789 1,623
49,100   30,993 18,107
24,085   33,112 -9,027
65,170   99,895 -34,725
100,326   59,317 41,009
19,161   17,975 1,186
162,458   85,221 77,237
486,504   364,113 122,391
108,409   106,635 1,774
140,032   127,576 12,456
104,064   60,584 43,480
52,596   54,216 -1,620
78,524   682 77,842
118,317   112,071 6,246
10,978   11,426 -448
76,813   41,958 34,855
34,523   33,548 975
40,268   42,320 -2,052
87,454   52,746 34,708
100,009   98,392 1,617
399,991   250,571 149,420
87,455   22,543 64,912
97,325   93,248 4,077
27,339   28,393 -1,054
36,388   27,813 8,575
25   23 2
2,657   2,730 -73
31,797   53,454 -21,657
300,000   300,000  
16,784   18,590 -1,806
150,000   150,000  
6,239   9,345 -3,106
1,321   1,792 -471
5,356   6,521 -1,165
16,500   18,257 -1,757
1,272   1,270 2
34,596   30,894 3,702
      328,035
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       4,142
b       -5,422
c       37,132
d       -8,091
e       -801
      -2,985
      -2,201
      -1,565
      -108
      -92
      -803
      -1,225
      -284
       
      2,834
      22,058
      219
      1,113
      709
      -11,733
      -2,014
      724
      -346
      -1,273
      -207
      -3,866
      -1,129
      4,017
      -2,806
      -845
      1,759
      -215
      2,858
      44,942
      1,647
      402,041
      10,373
      5,769
      17,086
      17,167
      5,054
      7,390
      12,473
      -7,143
      -1,301
      5
      -2,430
      10,227
      143
      40,568
      -2,006
      2,658
      25,876
      -5,472
      -6,925
      1,260
      68,887
      754
      826
      8,318
      44,620
      40,416
      3,099
      1,344
      18,573
      13,991
      5,770
      -1,360
      -2,196
      -619
      -1,270
      119
      -22
      -429
      -6
      -647
      -80
      -4,227
      3,877
      508
      68
       
      100
      -18,231
      -2,393
      -43,109
      1,623
      18,107
      -9,027
      -34,725
      41,009
      1,186
      77,237
      122,391
      1,774
      12,456
      43,480
      -1,620
      77,842
      6,246
      -448
      34,855
      975
      -2,052
      34,708
      1,617
      149,420
      64,912
      4,077
      -1,054
      8,575
      2
      -73
      -21,657
       
      -1,806
       
      -3,106
      -471
      -1,165
      -1,757
      2
      3,702
       
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 1,700,907
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 1,618,415 28,014,166 0.057771
2013 2,416,397 31,469,268 0.076786
2012 1,381,795 21,192,199 0.065203
2011 2,149,527 20,153,028 0.10666
2010 1,851,377 18,569,587 0.099699
2
Total of line 1, column (d) .....................
20.406119
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
0.081224
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
28,585,006
5
Multiply line 4 by line 3......................
5
2,321,789
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
23,886
7
Add lines 5 and 6........................
7
2,345,675
8
Enter qualifying distributions from Part XII, line 4.............
8
1,458,044
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 47,773
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 47,773
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 47,773
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 45,469
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 45,469
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,304
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)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletSEE FOOTNOTE
    14
    The books are in care ofbulletPNC BANK NA Telephone no.bullet (412) 762-2950

    Located atbullet620 LIBERTY AVENUE 10TH FLOORPITTSBURGHPA ZIP+4bullet15222
    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
    DOUGLAS GILBERT ESQ CO-TRUSTEE
    4     		20,283    
    ONE PPG PL ST 2230
    PITTSBURGH,PA152225401
    PNC BANK NA CO-TRUSTEE
    17     		86,847    
    620 LIBERTY AVENUE
    PITTSBURGH,PA15222
    REBECCA WALLACE DIRECTOR
    0     		0    
    ONE PPG PL ST 2230
    PITTSBURGH,PA152225401
    TIMOTHY M SLAVISH CO-TRUSTEE
    4     		20,283    
    ONE PPG PL ST 2230
    PITTSBURGH,PA152225401
    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 ISSUED SCHOLARSHIPS TO INDIVIDUALS FOR STUDY AT VARIOUS INSTITUTIONS 1,100,000
    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
    29,020,311
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,020,311
    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
    29,020,311
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    435,305
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,585,006
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,429,250
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,429,250
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    47,773
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    47,773
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,381,477
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,049,418
    5
    Add lines 3 and 4............................
    5
    2,430,895
    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
    2,430,895
    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
    1,458,044
    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
    1,458,044
    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
    1,458,044
    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 2,430,895
    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...... 409,483
    b From 2011...... 462,359
    c From 2012...... 0
    d From 2013...... 94,035
    e From 2014...... 264,750
    fTotal of lines 3a through e........ 1,230,627
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,458,044
    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..... 1,458,044
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 972,851 972,851
    (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 5 257,776
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		257,776
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 0
    c Excess from 2013.... 0
    d Excess from 2014.... 257,776
    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:
    ADDISON H GIBSON FDN ATTN REBECCA
    ONE PPG PL STE 2230
    PITTSBURGH,PA152225401
    (412) 261-1611
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT FOUNDATION OFFICE FOR DETAILS OF MEDICAL OR EDUCATIONAL FINANCIAL ASSISTANCE.
    cAny submission deadlines:
    CONTACT FOUNDATION OFFICE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    EDUCATIONAL AWARDS ARE LIMITED TO WESTERN PENNSYLVANIA RESIDENTS CURRENTLY ENROLLED FULL-TIME AT AN ACCREDITED COLLEGE OR UNIVERSITY.
    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
    NEEDY INDIVIDUALS ID NOT DISCLOSED
    C/O PNC BANK
    620 LIBERTY AVENUE
    PITTSBURGH,PA15222     		NONE I PROVIDE MEDICAL CARE 31,610
    QUALIFIED SCHOLARSHIP RECIPIENTS
    C/O PNC BANK
    620 LIBERTY AVENUE
    PITTSBURGH,PA15222     		NONE PC SCHOLARSHIPS 1,100,000
    Total .................................bullet 3a 1,131,610
    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
    aRECOVERY OF GRANTS         200,000
    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....     14 655,194  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 3,738  
    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 1,700,907  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aSTUDENTS LOANS PAR     		    14 849,418  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   3,209,257 200,000
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,409,257
    (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.)
    1A RECOVERY OF PRIOR YEAR GRANTS PAID
    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:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 1,798,561 1,798,974

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK 8,328,540 10,243,785

    TY 2015 InvestmentsOtherSchedule2
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS - FIXED AT COST 4,469,902 4,238,331
    MUTUAL FUNDS - EQUITY AT COST 9,205,232 10,577,682

    TY 2015 LegalFeesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 4,212     4,212


    TY 2015 OtherDecreasesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Amount
    LOANS REMOVED FROM BOOKS 860,850
    DIFF BETWEEN CARRYING VALUE AND TAX COST 251,195


    TY 2015 OtherExpensesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 104 0   104
    OTHER NON-ALLOCABLE EXPENSE - 30,422 0   30,422
    GRANTMAKING FEES 86,937 0   86,937
    OFFICE EXPENSES 5,969 0   5,969
    LIABILITY INSURANCE FEES 2,200 0   2,200
    ADR SERVICE FEES 2 2   0


    TY 2015 OtherIncomeSchedule2
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    STUDENTS LOANS PARTICIPANT LN 849,418 0  
    RECOVERY OF GRANTS 200,000 0  


    TY 2015 OtherIncreasesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Amount
    LOAN PAYMENTS ON PY W/S AND CY STMT 459


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PNC PRIVATE FOUNDATION MANAGEM 11,932     11,932


    TY 2015 TaxesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,251 1,251   0
    FEDERAL TAX PAYMENT - PRIOR YE 8,525 0   0
    FEDERAL ESTIMATES - PRINCIPAL 43,200 0   0
    MINERAL INTEREST TAXES 11,249 11,249   0