TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015

Name of foundation
GEORGE I SPEER AND LIZZIE F SPEER MEMORIAL

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

51-6016691

B Telephone number (see instructions)

(412) 768-5898

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$15,303,860J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	377,902		377,916
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		452,051
b	Gross sales price for all assets on line 6a 2,318,624
7	Capital gain net income (from Part IV, line 2)...			452,051
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).......		4,552	-10,875
12	Total. Add lines 1 through 11........	834,505		819,092
13	Compensation of officers, directors, trustees, etc.	101,847		96,755		5,092
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		9,566	6,850		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		23,430	23,937
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	134,843		127,542	0	5,092
25	Contributions, gifts, grants paid.......	770,063				770,063
26	Total expenses and disbursements. Add lines 24 and 25	904,906		127,542	0	775,155
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-70,401
b	Net investment income (if negative, enter -0-)			691,550
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	701,701	304,971	304,971
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	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).......	5,394,391	5,720,914	7,111,313
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	7,068,427	7,068,427	7,887,576
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	13,164,519	13,094,312	15,303,860
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	12,717,045	13,044,541
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	447,474	49,771
	30	Total net assets or fund balances (see instructions).....	13,164,519	13,094,312
	31	Total liabilities and net assets/fund balances (see instructions).	13,164,519	13,094,312

Part III

Analysis of Changes in Net Assets or Fund Balances

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

13,164,519

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

-70,401

Other increases not included in line 2 (itemize) bullet

194

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

13,094,312

Decreases not included in line 2 (itemize) bullet

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

13,094,312

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	33. PROTECTIVE LIFE CORP MERGED 2/2/2015 @ $70.00 P/S		2009-03-30	2015-01-07
b	265. COCACOLA CO		2004-11-23	2015-01-13
c	185. GENERAL ELEC CO COM		2004-11-23	2015-01-13
d	122. JOHNSON & JOHNSON COM		2004-11-23	2015-01-13
e	81. KRAFT FOODS GROUP INC MERGED 07/02/2015 @ $16.50 P/S		2010-10-21	2015-01-13
	70. MCDONALDS CORP COM		2009-06-02	2015-01-13
	151. MERCK & CO INC			2015-01-13
	244. MONDELEZ INTERNATIONAL		2010-10-21	2015-01-13
	140. DISCOVER FINANCIAL W/I		2014-09-30	2015-01-23
	700. DISCOVER FINANCIAL W/I			2015-01-23
	1505. REGIONS FINANCIAL CORP		2013-07-01	2015-01-23
	1223. REGIONS FINANCIAL CORP			2015-01-23
	232. REGIONS FINANCIAL CORP		2013-07-02	2015-01-23
	474. TAIWAN SEMICONDUCTOR MTG CO ADR		2012-02-14	2015-01-26
	1023. SWATCH GROUP LTD UNSPON ADR			2015-01-30
	1710. GENERAL ELEC CO COM			2015-02-02
	320. UNITED RENTALS INC COM			2015-02-02
	70. PROTECTIVE LIFE CORP MERGED 2/2/2015 @ $70.00 P/S			2015-02-03
	56. CDK GLOBAL INC			2015-02-05
	482. GILEAD SCIENCES INC COM		2014-05-13	2015-02-06
	198. GILEAD SCIENCES INC COM			2015-02-06
	160. SWIFT ENERGY CO			2015-02-06
	93. SAPIENT CORP			2015-02-09
	55. SAPIENT CORP		2014-08-15	2015-02-09
	10. AMERICAN EXPRESS CO		2004-11-24	2015-02-17
	505. AMERICAN EXPRESS CO			2015-02-17
	71. ANHEUSER BUSCH INBEV SPONSORED ADR		2012-05-03	2015-02-17
	110. BOEING CO		2012-07-30	2015-02-19
	50. LOCKHEED MARTIN CORP		2013-11-22	2015-02-19
	400. SOUTHWEST AIRLINES COM		2014-06-05	2015-02-19
	46. COVANCE INC			2015-02-20
	284. APPLE INC		2008-02-11	2015-02-25
	244. GENERAL ELEC CO COM			2015-02-25
	41. JOHNSON & JOHNSON COM		2004-11-23	2015-02-25
	94. MERCK & CO INC			2015-02-25
	89. TOTAL FINA S A			2015-02-25
	.356 LABORATORY CORP OF AMERICA HLDG		2015-02-20	2015-02-26
	180. EASTMAN CHEM CO		2014-06-03	2015-02-27
	26. LYONDELLBASELL INDUSTRIES N.V. ISIN NL0009434992 SEDOL B3SPXZ3		2014-09-19	2015-02-27
	304. LYONDELLBASELL INDUSTRIES N.V. ISIN NL0009434992 SEDOL B3SPXZ3			2015-02-27
	190. EASTMAN CHEM CO			2015-03-02
	12. LABORATORY CORP OF AMERICA HLDG		2015-02-20	2015-03-06
	712. XINYI GLASS HLDGS LTD ADR			2015-03-09
	120. IMPERIAL OIL LTD CL A CONV		2012-02-14	2015-03-10
	103. UNILEVER PLC W/I SPONSORED ADR		2012-02-14	2015-03-10
	39. WPP PLC ADR		2012-02-14	2015-03-10
	1. AMERICAN INTERNATIONAL GROUP INC		2001-01-01	2015-03-11
	140. HEALTHWAYS INC			2015-03-13
	6. HEALTHWAYS INC		2014-07-31	2015-03-13
	270. EOG RES INC		2013-07-25	2015-03-17
	100. EOG RES INC			2015-03-17
	7. SKYWORKS SOLUTIONS INC COM		2014-03-20	2015-03-26
	213. SKYWORKS SOLUTIONS INC COM		2014-03-20	2015-03-26
	210. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7			2015-03-26
	521. MICRON TECHNOLOGY INC		2014-09-30	2015-03-27
	509. MICRON TECHNOLOGY INC		2014-09-30	2015-03-27
	805. HONG KONG EXCHANGES UNSPR ADR		2013-06-13	2015-04-17
	509. ROYAL CARRIBEAN CRUISES LTD SEDOL 2754907 ISIN LR0008862868			2015-04-21
	131. ROYAL CARRIBEAN CRUISES LTD SEDOL 2754907 ISIN LR0008862868			2015-04-21
	1. MEDTRONIC INC COM		2001-01-01	2015-04-22
	588. PACKAGING CORP OF AMERICA COM			2015-04-28
	182. PACKAGING CORP OF AMERICA COM			2015-04-29
	750. PROCTER & GAMBLE CO			2015-05-04
	301. ACE LIMITED NAME CHG 01/15/16 SEE H1467J104		2014-04-10	2015-05-13
	74. ACE LIMITED NAME CHG 01/15/16 SEE H1467J104		2014-04-10	2015-05-14
	15. ACE LIMITED NAME CHG 01/15/16 SEE H1467J104		2014-04-10	2015-05-14
	90. ACE LIMITED NAME CHG 01/15/16 SEE H1467J104			2015-05-14
	920. DELTA AIR LINES INC			2015-05-26
	400. UNION PAC CORP COM			2015-05-27
	660. QUALCOMM			2015-06-01
	205. QUALCOMM			2015-06-01
	35. QUALCOMM		2015-03-26	2015-06-01
	479. SOUTHWEST AIRLINES COM			2015-06-10
	197. SOUTHWEST AIRLINES COM		2014-06-05	2015-06-10
	264. SOUTHWEST AIRLINES COM		2014-06-05	2015-06-10
	90. CALIFORNIA RESOURCES CORP			2015-06-11
	89. INTEL CORP		2004-11-23	2015-06-11
	87. LIFE TIME FITNESS INC MERGED 06/10/2015 @ $72.10 P/S		2008-04-18	2015-06-11
	83. NEWS CORP/NEW-CL A-W/I			2015-06-11
	63. TIME WARNER CABLE		2011-09-02	2015-06-11
	77. WALGREENS BOOTS ALLIANCE INC		2004-11-23	2015-06-11
	442. BANCO BILBAO VIZCAYA ARGENTARIA S A		2013-02-21	2015-06-24
	442. ICICI BANK LTD SPON ADR		2012-02-14	2015-06-24
	63. NESTLE S A SPONSORED ADR REPSTG REG SH			2015-06-24
	82. NOVO NORDISK A S ADR		2013-06-11	2015-06-24
	316. SCHNEIDER ELECTRIC SE		2009-09-16	2015-06-24
	1004. UNI CHARM CORP SPON ADR		2012-02-14	2015-06-24
	747. SYSMEX CORP UNSPONSORED ADR		2012-05-18	2015-06-29
	1. NORTEL NETWORK CORPORATION		2001-01-01	2015-07-07
	200. AETNA INC NEW		2013-05-30	2015-07-10
	150. CIGNA CORP		2014-07-11	2015-07-10
	240. SKYWORKS SOLUTIONS INC COM		2014-03-20	2015-07-13
	160. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2013-11-27	2015-07-13
	220. 3M COMPANY COM		2015-03-17	2015-07-20
	71. WAL MART STORES INC COM			2015-07-21
	.3 ITAU UNIBANCO BANCO HOLDING SPONSERED ADR		2012-02-15	2015-07-22
	310. POLARIS INDS INC			2015-07-27
	4. ALTRA INDUSTRIAL MOTION CORP		2014-12-15	2015-08-04
	4. AMERICAN EQUITY INVT LIFE HLDG		2012-09-19	2015-08-04
	4. ASTORIA FINL CORP		2009-03-04	2015-08-04
	2. BRISTOW GROUP INC		2010-08-11	2015-08-04
	2. CAI INTERNATIONAL INC		2013-10-30	2015-08-04
	2. CABOT CORP		2014-11-10	2015-08-04
	2. CABOT MICROELECTRONICS CORP		2011-03-11	2015-08-04
	2. CANTEL MEDICAL CORP		2010-06-11	2015-08-04
	2. COHERENT INC		2013-03-26	2015-08-04
	2. EPIQ SYSTEMS INC		2013-10-30	2015-08-04
	2. EATON VANCE CORP COM NON VTG		2004-11-02	2015-08-04
	2. ENERSYS		2011-08-11	2015-08-04
	2. FLIR SYSTEM INC		2004-11-02	2015-08-04
	2. FAIRCHILD SEMICON INTL		2014-11-07	2015-08-04
	6. FIRST POTOMAC RLTY TR		2009-10-05	2015-08-04
	2. FRANKLIN ELECTRIC INC		2011-05-03	2015-08-04
	2. GATX CORP		2013-04-10	2015-08-04
	2. GLOBAL PAYMENTS INC-W/I		2004-11-02	2015-08-04
	770. HANESBRANDS INC - W/I			2015-08-04
	350. HANESBRANDS INC - W/I		2014-03-13	2015-08-04
	4. HEXCEL CORP		2006-05-16	2015-08-04
	6. MEDICAL PROPERTIES TRUST INC		2009-09-03	2015-08-04
	2. MEDNAX INC		2008-09-03	2015-08-04
	2. MERITAGE HOMES CORPORATION		2004-11-02	2015-08-04
	2. MOLINA HEALTHCARE INC		2014-07-31	2015-08-04
	4. MONOLITHIC POWER SYSTEMS INC		2013-10-08	2015-08-04
	2. MOOG INC CLASS A		2004-11-02	2015-08-04
	4. MUELLER WATER PRODUCTS INC SER A		2015-03-24	2015-08-04
	6. NEWPARK RESOURCES INC NEW		2012-08-01	2015-08-04
	2. RAYMOND JAMES FINANCIAL INC		2004-11-02	2015-08-04
	2. REINSURANCE GROUP OF AMERICA		2009-02-23	2015-08-04
	24. SANMINA CORP		2013-10-08	2015-08-04
	300. SKYWORKS SOLUTIONS INC COM			2015-08-04
	4. SOUTH JERSEY INDUSTRIES INC		2010-02-05	2015-08-04
	2. STATE AUTO FINANCIAL CORP		2006-11-16	2015-08-04
	2. STIFEL FINL CORP		2013-09-27	2015-08-04
	2. TAL INTERNATIONAL GROUP INC		2013-08-30	2015-08-04
	2. TELEDYNE TECHNOLOGIES INC		2007-04-26	2015-08-04
	2. TIMKEN CO		2005-10-10	2015-08-04
	2. TRUSTMARK CORP		2008-11-21	2015-08-04
	2. UNITED BANKSHARES INC W VIRGINIA		2009-01-02	2015-08-04
	2. UNITED FIRE GROUP INC		2005-09-19	2015-08-04
	2. UNITED NAT FOODS INC		2015-06-25	2015-08-04
	2. VALSPAR CORP		2007-10-17	2015-08-04
	4. WGL HLDGS INC		2008-10-22	2015-08-04
	2. CORE LABORATORIES N V COM		2009-02-11	2015-08-04
	193. HANESBRANDS INC - W/I		2014-03-13	2015-08-05
	221. HANESBRANDS INC - W/I			2015-08-05
	466. HANESBRANDS INC - W/I		2014-03-14	2015-08-05
	228. CONOCOPHILLIPS		2013-08-27	2015-08-12
	472. CONOCOPHILLIPS			2015-08-12
	120. CONOCOPHILLIPS		2014-08-12	2015-08-12
	38. ALLSTATE CORP		2014-10-13	2015-08-13
	507. ALLSTATE CORP			2015-08-13
	235. ALLSTATE CORP		2014-10-14	2015-08-14
	320. BECTON DICKINSON & CO		2013-03-13	2015-08-20
	140. CIGNA CORP		2014-07-11	2015-08-21
	90. MCKESSON HBOC INC COMMN		2013-10-28	2015-08-21
	99. AUTOMATIC DATA PROCESSING INC		2005-10-18	2015-09-01
	133. CATERPILLAR INC			2015-09-01
	369. INTEL CORP			2015-09-01
	35. INTERNATIONAL BUSINESS MACHS CORP		2010-01-15	2015-09-01
	182. JOHNSON & JOHNSON COM			2015-09-01
	82. PHILLIPS 66			2015-09-01
	162. PROCTER & GAMBLE CO		2004-11-23	2015-09-01
	163. WAL MART STORES INC COM			2015-09-01
	180. BERKSHIRE HATHAWAY INC CLASS B		2015-01-23	2015-09-03
	160. BERKSHIRE HATHAWAY INC CLASS B			2015-09-04
	220. MCKESSON HBOC INC COMMN			2015-09-14
	150. CONSTELLATION BRANDS INC CL A		2014-05-15	2015-09-15
	580. KROGER CO		2014-05-06	2015-09-15
	164. ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM		2012-02-14	2015-09-29
	99. FRESENIUS MED CARE SPONSORED ADR		2012-02-15	2015-09-29
	117. LVMH MOET HENNESSY LOUIS ADR		2010-05-10	2015-09-29
	53. BUNGE LIMITED			2015-09-29
	647. HONG KONG EXCHANGES UNSPR ADR		2013-06-13	2015-09-30
	2862. SCHNEIDER ELECTRIC SE			2015-09-30
	37. TIMKENSTEEL CORP			2015-10-09
	200. VOYA FINL INC COM		2015-02-17	2015-10-14
	190. DISNEY WALT CO		2012-06-01	2015-10-15
	584. VOYA FINL INC COM			2015-10-15
	136. VOYA FINL INC COM		2015-02-18	2015-10-15
	260. WYNDHAM WORLDWIDE CORP		2013-03-18	2015-10-15
	63. ENOVA INTERNATIONAL INC-W/I			2015-10-19
	112. SHIRE PLC SPONSORED ADR		2014-10-16	2015-10-19
	286. HCA HOLDINGS INC		2014-07-18	2015-10-26
	316. HCA HOLDINGS INC			2015-10-27
	278. HCA HOLDINGS INC		2014-08-07	2015-10-28
	408. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7			2015-11-02
	12. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2013-12-02	2015-11-02
	353. IMPERIAL OIL LTD CL A CONV			2015-11-06
	308. MAGNA INTERNATIONAL ISIN CA5592224011			2015-11-09
	405. MAGNA INTERNATIONAL ISIN CA5592224011			2015-11-10
	250. AETNA INC NEW			2015-11-11
	90. CIGNA CORP		2014-07-14	2015-11-11
	9. MAGNA INTERNATIONAL ISIN CA5592224011		2014-01-02	2015-11-11
	398. MAGNA INTERNATIONAL ISIN CA5592224011			2015-11-11
	197. SNAP-ON INC COM			2015-11-16
	23. SNAP-ON INC COM		2014-09-12	2015-11-17
	202. FAIRCHILD SEMICON INTL		2014-11-07	2015-11-20
	21. FAIRCHILD SEMICON INTL		2015-07-07	2015-11-20
	64. ITRON, INC.			2015-11-20
	499. ST JUDE MEDICAL INC			2015-11-20
	61. ST JUDE MEDICAL INC		2014-02-21	2015-11-20
	29. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-09	2015-12-16
	145. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6			2015-12-16
	22. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-10	2015-12-16
	74. EOG RES INC		2013-07-08	2015-12-17
	191. ROYAL DUTCH SHELL PLC ADR A			2015-12-17
	94. TOTAL FINA S A			2015-12-17
	6. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-10	2015-12-17
	68. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-10	2015-12-17
	260. GOLDMAN SACHS GROUP INC COM		2015-05-13	2015-12-18
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,302	168	2,134
b	11,326	5,262	6,064
c	4,407	6,619	-2,212
d	12,814	7,388	5,426
e	5,110	2,698	2,412
	6,488	4,242	2,246
	9,403	4,025	5,378
	8,929	5,048	3,881
	7,940	9,026	-1,086
	39,702	24,850	14,852
	13,517	14,715	-1,198
	11,078	12,031	-953
	2,097	2,281	-184
	11,410	6,721	4,689
	20,301	22,538	-2,237
	41,066	31,002	10,064
	26,859	37,142	-10,283
	4,900	869	4,031
	2,648	802	1,846
	47,287	38,762	8,525
	19,763	16,929	2,834
	422	3,328	-2,906
	2,325	1,478	847
	1,375	790	585
	788	492	296
	39,815	25,626	14,189
	8,685	5,303	3,382
	16,910	8,268	8,642
	10,057	7,033	3,024
	17,553	10,930	6,623
	4,360	1,915	2,445
	37,253	5,226	32,027
	6,295	8,859	-2,564
	4,116	2,483	1,633
	5,494	2,580	2,914
	4,780	5,454	-674
	44	41	3
	13,456	16,144	-2,688
	2,253	2,970	-717
	26,269	34,451	-8,182
	14,221	17,137	-2,916
	1,453	1,397	56
	8,512	7,725	787
	4,399	5,729	-1,330
	4,382	3,370	1,012
	4,471	2,448	2,023
	1,855	25	1,830
	3,058	3,203	-145
	131	104	27
	23,466	19,816	3,650
	8,691	9,806	-1,115
	641	274	367
	19,662	8,325	11,337
	20,562	8,931	11,631
	13,627	17,937	-4,310
	13,441	17,524	-4,083
	29,463	12,695	16,768
	37,453	31,202	6,251
	9,650	8,167	1,483
	38	25	13
	40,235	42,094	-1,859
	12,378	13,040	-662
	60,309	53,316	6,993
	32,279	29,848	2,431
	7,990	7,338	652
	1,618	1,487	131
	9,707	10,251	-544
	38,554	19,848	18,706
	41,041	21,220	19,821
	45,847	38,994	6,853
	14,240	13,787	453
	2,442	2,354	88
	16,508	13,085	3,423
	6,855	5,379	1,476
	9,172	7,208	1,964
	710	588	122
	2,848	2,081	767
	6,273	2,596	3,677
	1,209	650	559
	11,259	4,014	7,245
	6,607	2,944	3,663
	4,601	4,366	235
	4,597	3,367	1,230
	4,707	2,800	1,907
	4,627	2,718	1,909
	4,642	3,285	1,357
	4,628	3,605	1,023
	22,200	7,098	15,102
	164		164
	22,662	12,318	10,344
	23,471	13,991	9,480
	24,071	9,380	14,691
	14,655	6,730	7,925
	34,607	36,127	-1,520
	5,160	3,551	1,609
	3	5	-2
	42,281	25,571	16,710
	99	110	-11
	117	48	69
	65	28	37
	88	65	23
	27	44	-17
	69	93	-24
	88	95	-7
	110	15	95
	115	112	3
	30	31	-1
	77	44	33
	122	36	86
	61	27	34
	29	31	-2
	69	68	1
	57	44	13
	104	106	-2
	225	56	169
	22,471	14,192	8,279
	10,246	6,458	3,788
	205	90	115
	81	43	38
	169	58	111
	86	90	-4
	150	81	69
	201	121	80
	131	51	80
	35	39	-4
	43	41	2
	119	35	84
	192	58	134
	505	400	105
	26,383	11,564	14,819
	96	76	20
	48	68	-20
	111	84	27
	42	86	-44
	205	91	114
	65	40	25
	49	33	16
	82	65	17
	70	81	-11
	91	127	-36
	166	51	115
	221	114	107
	217	64	153
	5,599	3,561	2,038
	6,424	4,089	2,335
	13,488	8,699	4,789
	11,703	15,113	-3,410
	24,352	32,888	-8,536
	6,191	9,649	-3,458
	2,421	2,341	80
	32,252	31,271	981
	14,940	14,514	426
	46,222	29,030	17,192
	20,097	13,058	7,039
	18,440	13,769	4,671
	7,465	3,319	4,146
	9,934	8,982	952
	10,288	8,692	1,596
	4,998	4,611	387
	16,759	10,813	5,946
	6,358	1,839	4,519
	11,184	8,758	2,426
	10,424	8,125	2,299
	23,806	26,899	-3,093
	20,698	24,028	-3,330
	43,174	34,121	9,053
	19,288	11,939	7,349
	21,528	13,462	8,066
	3,824	4,029	-205
	3,821	3,663	158
	3,833	2,551	1,282
	3,829	3,460	369
	14,806	10,203	4,603
	31,790	34,055	-2,265
	545	619	-74
	7,778	8,601	-823
	20,298	8,472	11,826
	22,721	25,327	-2,606
	5,272	5,932	-660
	19,072	16,255	2,817
	841	1,334	-493
	23,722	19,951	3,771
	19,872	17,792	2,080
	21,878	19,514	2,364
	19,039	18,794	245
	31,310	17,399	13,911
	942	512	430
	11,573	16,838	-5,265
	14,638	12,604	2,034
	18,867	16,365	2,502
	26,402	15,583	10,819
	11,924	8,531	3,393
	420	363	57
	18,247	16,107	2,140
	32,700	24,647	8,053
	3,792	2,885	907
	3,947	3,113	834
	410	358	52
	2,260	2,745	-485
	30,892	33,811	-2,919
	3,818	4,128	-310
	3,431	4,240	-809
	16,979	21,415	-4,436
	2,601	3,275	-674
	5,498	5,150	348
	8,352	9,441	-1,089
	4,217	4,883	-666
	702	893	-191
	7,966	10,124	-2,158
	45,799	52,324	-6,525
			1

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			2,134
b			6,064
c			-2,212
d			5,426
e			2,412
			2,246
			5,378
			3,881
			-1,086
			14,852
			-1,198
			-953
			-184
			4,689
			-2,237
			10,064
			-10,283
			4,031
			1,846
			8,525
			2,834
			-2,906
			847
			585
			296
			14,189
			3,382
			8,642
			3,024
			6,623
			2,445
			32,027
			-2,564
			1,633
			2,914
			-674
			3
			-2,688
			-717
			-8,182
			-2,916
			56
			787
			-1,330
			1,012
			2,023
			1,830
			-145
			27
			3,650
			-1,115
			367
			11,337
			11,631
			-4,310
			-4,083
			16,768
			6,251
			1,483
			13
			-1,859
			-662
			6,993
			2,431
			652
			131
			-544
			18,706
			19,821
			6,853
			453
			88
			3,423
			1,476
			1,964
			122
			767
			3,677
			559
			7,245
			3,663
			235
			1,230
			1,907
			1,909
			1,357
			1,023
			15,102
			164
			10,344
			9,480
			14,691
			7,925
			-1,520
			1,609
			-2
			16,710
			-11
			69
			37
			23
			-17
			-24
			-7
			95
			3
			-1
			33
			86
			34
			-2
			1
			13
			-2
			169
			8,279
			3,788
			115
			38
			111
			-4
			69
			80
			80
			-4
			2
			84
			134
			105
			14,819
			20
			-20
			27
			-44
			114
			25
			16
			17
			-11
			-36
			115
			107
			153
			2,038
			2,335
			4,789
			-3,410
			-8,536
			-3,458
			80
			981
			426
			17,192
			7,039
			4,671
			4,146
			952
			1,596
			387
			5,946
			4,519
			2,426
			2,299
			-3,093
			-3,330
			9,053
			7,349
			8,066
			-205
			158
			1,282
			369
			4,603
			-2,265
			-74
			-823
			11,826
			-2,606
			-660
			2,817
			-493
			3,771
			2,080
			2,364
			245
			13,911
			430
			-5,265
			2,034
			2,502
			10,819
			3,393
			57
			2,140
			8,053
			907
			834
			52
			-485
			-2,919
			-310
			-809
			-4,436
			-674
			348
			-1,089
			-666
			-191
			-2,158
			-6,525

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	452,051
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

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

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

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	677,957	15,611,506	0.043427
2013	4,904	14,533,204	0.000337
2012	695,429	13,790,748	0.050427
2011	657,806	13,883,332	0.047381
2010	693,902	13,207,065	0.05254

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

20.194112

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

0.038822

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

15,620,081

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

606,403

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

6,916

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

613,319

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

775,155

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

Form 990-PF (2015)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	6,916
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	6,916
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	6,916
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	5,432
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	5,432
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,484
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

PNC BANK NA Telephone no. bullet

(412) 768-5898

Located at bullet

620 LIBERTY AVENUEPITTSBURGHPA ZIP+4 bullet

15222

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 6

Part VII-B

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
PNC BANK NA	TRUSTEE 21	101,847
620 LIBERTY AVENUE PITTSBURGH,PA15222	TRUSTEE 21	101,847

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


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









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

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

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

15,857,950

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

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

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

15,857,950

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

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

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

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

15,857,950

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

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

237,869

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

15,620,081

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

781,004

Part XI

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

and do not complete this part.)

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

781,004

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

6,916

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

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

6,916

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

774,088

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

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

774,088

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

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

774,088

Part XII

Qualifying Distributions (see instructions)

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

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

775,155

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

775,155

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).................

6,916

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

768,239

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

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					774,088
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				770,063
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 775,155
a Applied to 2014, but not more than line 2a				770,063
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.....					5,092
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 ..........					768,996
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....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

Form 990-PF (2015)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
NEW CASTLE PRESBYTERY 1102 W CHURCH ROAD NEWARK,DE19711	NONE	PC	GENERAL SUPPORT/UPKEEP OF	770,063
Total ................................. 3a				770,063

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	377,902
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	452,051
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aFEDERAL TAX REFUND			14	4,552
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				834,505

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

13834,505

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2015)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

GEORGE I SPEER AND LIZZIE F SPEER MEMORIAL

EIN:

51-6016691

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	5,720,914	7,111,313

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

GEORGE I SPEER AND LIZZIE F SPEER MEMORIAL

EIN:

51-6016691

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
POWERSHARES DB AGRICULTURE FUN	AT COST	79,758	56,142
MUTUAL FUNDS - FIXED	AT COST	4,296,575	4,256,131
MUTUAL FUNDS - EQUITY	AT COST	2,692,094	3,575,303

- TIN:

TY 2015 OtherExpensesSchedule

Name:

GEORGE I SPEER AND LIZZIE F SPEER MEMORIAL

EIN:

51-6016691

Description	Revenue and Expenses per Books	Net Investment Income
MAP MANAGEMENT FEES	20,685	20,685
ADR SERVICE FEES	2,745	2,745
PARTNERSHIP - EXPENSE		507

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

GEORGE I SPEER AND LIZZIE F SPEER MEMORIAL

EIN:

51-6016691

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FEDERAL TAX REFUND FROM PRIOR YEAR	4,552	0
TRANSACTION FROM PARTNERSHIP		-10,875

- TIN:

TY 2015 OtherIncreasesSchedule

Name:

GEORGE I SPEER AND LIZZIE F SPEER MEMORIAL

EIN:

51-6016691

Description	Amount
COST BASIS ADJUSTMENTS	194

- TIN:

TY 2015 TaxesSchedule

Name:

GEORGE I SPEER AND LIZZIE F SPEER MEMORIAL

EIN:

51-6016691

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	6,850	6,850		0
FEDERAL ESTIMATES - PRINCIPAL	2,716	0		0