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
JAMES B PENDLETON CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)601 108TH AVENUE NE NO 1900
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BELLEVUE, WA98004
A Employer identification number

95-6944277
B Telephone number (see instructions)

(425) 943-7185
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$26,329,261J 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 2,066 2,066  
4 Dividends and interest from securities... 524,198 524,198  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 827,247
b Gross sales price for all assets on line 6a 2,510,162
7 Capital gain net income (from Part IV, line 2)... 827,247
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,353,511 1,353,511  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 218,333 93,638   124,695
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 7,982 1,996   5,986
16a Legal fees (attach schedule)......... Click to see attachment 2,963 2,666   297
b Accounting fees (attach schedule)....... Click to see attachment 73,434 66,091   7,343
c Other professional fees (attach schedule).... Click to see attachment 231,937 231,937   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 41,323 15,340   9,531
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 29,478 14,739   14,739
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,784 9,445   9,341
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 624,234 435,852   171,932
25 Contributions, gifts, grants paid....... 1,190,247 1,190,247
26 Total expenses and disbursements. Add lines 24 and 25 1,814,481 435,852   1,362,179
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -460,970
b Net investment income (if negative, enter -0-) 917,659
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 4,481,393 4,530,922 4,530,744
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
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)....... 11,048,927 Click to see attachment10,992,053 20,086,965
c Investments—corporate bonds (attach schedule)....... 595,011 Click to see attachment296,704 305,118
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,295,016 Click to see attachment1,140,546 1,405,009
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,273 Click to see attachment1,425 Click to see attachment1,425
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,422,620 16,961,650 26,329,261
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 17,422,620 16,961,650
30 Total net assets or fund balances (see instructions)..... 17,422,620 16,961,650
31 Total liabilities and net assets/fund balances (see instructions). 17,422,620 16,961,650
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
17,422,620
2
Enter amount from Part I, line 27a .....................
2
-460,970
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
16,961,650
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
16,961,650
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 76 AT&T INC P 2005-01-31 2015-11-12
b 384 AT&T INC P 2002-07-10 2015-11-12
c 3,046 CABLEVISION SYS CORP CL A P 2002-02-22 2015-11-13
d 954 CABLEVISION SYS CORP CL A P 2002-02-22 2015-11-13
e 200 DEERE & CO P 2004-07-28 2015-11-12
400 DR PEPPER SNAPPLE GROUP P 2009-06-09 2015-11-12
2,000 DRESSER-RAND GROUP INC P 2014-09-22 2015-07-01
1,000 GRAFTECH INTL LTD P 2008-12-03 2015-08-17
400 INGREDION INC P 2002-02-22 2015-11-12
500 NAVISTAR INTL CORP P 2006-11-27 2015-11-12
500 NAVISTAR INTL CORP P 2012-08-31 2015-11-12
3,000 PEP BOYS MANNY MOE & JACK P 2012-06-06 2015-11-12
200 PRECISION CASTPARTS CORP P 2008-09-03 2015-11-12
3,000 ZEP INC P 2008-04-15 2015-06-29
400 ENERGIZER SPINCO INC P 2002-03-04 2015-11-12
15.60 LIBERTY LILAC GROUP-E P 2002-02-22 2015-11-12
3.12 LIBERTY LILAC GROUP-E P 2002-04-02 2015-11-12
3.78 LIBERTY LILAC GROUP-E P 2003-10-02 2015-11-12
6.3 LIBERTY LILAC GROUP-E P 2003-10-02 2015-11-12
5.2 LIBERTY LILAC GROUP-E P 2002-02-22 2015-11-12
1.04 LIBERTY LILAC GROUP-E P 2002-04-02 2015-11-12
1.26 LIBERTY LILAC GROUP-E P 2003-10-02 2015-11-12
0.3333 MADISON SQUARE GARDEN COMPANY P 2002-02-22 2015-10-14
300 MILLICOM INTL CELLULAR P 2010-01-12 2015-11-13
300 MILLICOM INTL CELLULAR (WASH SALE) P 2014-04-29 2015-11-13
2,000 DIRECTV (STOCK MERGER) P 2009-11-20 2015-07-27
3,000 DIRECTV (STOCK MERGER) P 2006-11-25 2015-07-27
1,000 AMETECH INC P 2002-02-22 2015-09-25
500 AMETECH INC P 2002-02-22 2015-10-14
500 BECTON DICKINSON & CO P 2011-01-28 2015-09-23
500 BECTON DICKINSON & CO P 2011-01-28 2015-10-14
500 CHEMED CORP P 2002-02-22 2015-09-23
500 CHEMED CORP P 2002-02-22 2015-10-23
0.35 LIBERTY LILAC GROUP-E P 2002-02-22 2015-07-27
37 LIBERTY LILAC GROUP-E P 2002-02-22 2015-11-12
0.40 LIBERTY LILAC GROUP-E P 2003-10-02 2015-07-27
18.50 LIBERTY LILAC GROUP-E P 2003-10-02 2015-11-12
0.25 LIBERTY LILAC GROUP-E P 2002-02-22 2015-07-27
12.20 LIBERTY LILAC GROUP-E P 2002-02-22 2015-11-12
DISTRIBUTED $750 DIVIDEND TAX RECLAIM EURO 2012 VALUED AT $847.13 P   2015-02-02
CLASS ACTION PROCEEDS P   2015-02-20
3,616.20 UNITS OF EURO @ 1.0811 P   2015-04-27
5,075 UNITS SWEDISH KRONA @ 0.1172 P   2015-05-29
3,616.20 UNITS OF EURO @ 1.1167 P   2015-06-30
PRIVATE EQUITY LITIGATION (VARIOUS) CL ACTION PROCEEDS P   2015-07-03
PRIVATE EQUITY LITIGATION (VARIOUS) CL ACTION PROCEEDS P   2015-10-23
BAIN CAPITAL PARTNERS CLASS ACTION PROCEEDS P   2015-10-15
774.90 DOLLARS OF DIVIDEND TAX RECLAIM EURO 2015 P   2015-05-04
3,000 BAXALTA INC P 2010-12-03 2015-07-28
3,000 BAXTER INTERNATIONAL INC P 2010-12-03 2015-08-04
80 CHEMOURS CO (SPINOFF FROM DUPONT) P 2007-08-14 2015-07-30
40 CHEMOURS CO (SPINOFF FROM DUPONT) P 2007-11-28 2015-07-30
60 CHEMOURS CO (SPINOFF FROM DUPONT) P 2007-12-13 2015-07-30
60 CHEMOURS CO (SPINOFF FROM DUPONT) P 2008-02-19 2015-07-30
40 CHEMOURS CO (SPINOFF FROM DUPONT) P 2008-11-04 2015-07-30
120 CHEMOURS CO (SPINOFF FROM DUPONT) P 2008-11-25 2015-07-30
200 CHEMOURS CO (SPINOFF FROM DUPONT) P 2009-06-03 2015-07-30
200 CHEMOURS CO (SPINOFF FROM DUPONT) P 2009-06-25 2015-07-30
3,850 HEWLETT PACKARD CO P 2011-05-12 2015-10-19
1,800 HEWLETT PACKARD CO P 2011-05-18 2015-10-19
600 MASCO CORP (SPINOFF OF TOPBUILD) P 2007-08-14 2015-10-06
600 MASCO CORP (SPINOFF OF TOPBUILD) P 2007-09-06 2015-10-06
300 MASCO CORP (SPINOFF OF TOPBUILD) P 2007-11-28 2015-10-06
400 MASCO CORP (SPINOFF OF TOPBUILD) P 2007-12-13 2015-10-06
500 MASCO CORP (SPINOFF OF TOPBUILD) P 2008-02-19 2015-10-06
1,000 MASCO CORP (SPINOFF OF TOPBUILD) P 2008-05-23 2015-10-06
1,000 MASCO CORP (SPINOFF OF TOPBUILD) P 2009-06-03 2015-10-06
0.34 RMR GROUP INC CL A P 2015-12-14 2015-12-14
200 UNITED PARCEL SERVICE CL B P 2007-08-14 2015-09-03
200 UNITED PARCEL SERVICE CL B P 2007-09-11 2015-09-03
200 UNITED PARCEL SERVICE CL B P 2007-12-13 2015-09-03
100 UNITED PARCEL SERVICE CL B P 2008-08-29 2015-09-03
100 UNITED PARCEL SERVICE CL B P 2009-05-20 2015-09-03
600 UNITED PARCEL SERVICE CL B P 2009-05-20 2015-09-03
100 UNITED PARCEL SERVICE CL B P 2009-05-20 2015-09-03
100 UNITED PARCEL SERVICE CL B P 2009-05-20 2015-09-03
100 UNITED PARCEL SERVICE CL B P 2009-05-20 2015-09-03
500 UNITED PARCEL SERVICE CL B P 2009-06-03 2015-09-03
700 HOME PROPERTIES INC REIT P 2007-03-13 2015-10-08
300 HOME PROPERTIES INC REIT P 2007-03-23 2015-10-08
500 HOME PROPERTIES INC REIT P 2007-05-10 2015-10-08
200 HOME PROPERTIES INC REIT P 2009-05-20 2015-10-08
200 HOME PROPERTIES INC REIT P 2009-05-20 2015-10-08
100 HOME PROPERTIES INC REIT P 2009-05-20 2015-10-08
1,000 HOME PROPERTIES INC REIT P 2009-08-18 2015-10-08
600 MACK CALI RLTY CORP REIT P 2006-11-02 2015-09-11
600 MACK CALI RLTY CORP REIT P 2007-03-23 2015-09-11
500 MACK CALI RLTY CORP REIT P 2007-05-10 2015-09-11
1,000 MACK CALI RLTY CORP REIT P 2009-05-20 2015-09-11
1,000 MACK CALI RLTY CORP REIT P 2009-06-25 2015-09-11
100,000 GENERAL ELEC CAP CP P 2009-09-22 2015-10-15
100,000 MORGAN STANLEY NOTES P 2011-02-28 2015-11-02
100,000 PROCTER & GAMBLE P 2009-06-18 2015-02-15
0.67 TOPBUILD CORP P 2007-08-14 2015-06-30
66 TOPBUILD CORP P 2007-08-14 2015-07-29
66.67 TOPBUILD CORP P 2007-09-06 2015-07-29
33.33 TOPBUILD CORP P 2007-11-28 2015-06-30
44.44 TOPBUILD CORP P 2007-12-13 2015-07-29
55.56 TOPBUILD CORP P 2008-02-19 2015-07-29
0.11 TOPBUILD CORP P 2008-05-23 2015-06-30
111 TOPBUILD CORP P 2008-05-23 2015-07-29
0.11 TOPBUILD CORP P 2009-06-03 2015-06-30
111 TOPBUILD CORP P 2009-06-03 2015-07-29
1,087.50 DOLLARS OF DIVIDEND TAX RECLAIM SWEDEN 2015 P   2015-05-28
774.90 DIVIDEND TAX RECLAIM EURO 2015 P   2015-07-02
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,485   1,812 673
b 12,554   9,089 3,465
c 94,823   40,808 54,015
d 29,698   5,547 24,151
e 14,820   6,315 8,505
35,143   8,560 26,583
170,400   163,976 6,424
5,050   5,947 -897
38,312   6,108 32,204
6,175   15,410 -9,235
6,175   11,498 -5,323
44,837   26,671 18,166
46,163   20,505 25,658
60,150   44,402 15,748
14,099   2,211 11,888
564   95 469
113   19 94
137   23 114
227   51 176
187   32 155
37   6 31
45   8 37
58   12 46
17,537   30,276 -12,739
29,395   29,395 0
57,000     57,000
85,500     85,500
51,967   4,698 47,269
27,093   2,349 24,744
69,223   41,481 27,742
68,226   41,480 26,746
69,421   8,957 60,464
74,287   8,957 65,330
16   3 13
1,337   352 985
18   4 14
668   149 519
11   2 9
440   116 324
    970 -970
310     310
3,910   3,878 32
595   599 -4
4,023   4,039 -16
3,531     3,531
888     888
4,556     4,556
839     839
91,101   66,683 24,418
121,008   82,163 38,845
922   967 -45
461   468 -7
692   702 -10
692   711 -19
461   332 129
1,383   719 664
2,306   1,451 855
2,306   1,273 1,033
111,454   158,412 -46,958
52,108   64,994 -12,886
15,988   13,990 1,998
15,988   13,742 2,246
7,994   5,884 2,110
10,658   8,099 2,559
13,323   8,550 4,773
26,646   15,976 10,670
26,646   9,462 17,184
5   4 1
19,350   15,184 4,166
19,350   14,870 4,480
19,350   14,674 4,676
9,675   6,456 3,219
9,675   5,230 4,445
58,049   31,379 26,670
9,675   5,229 4,446
9,675   5,229 4,446
9,675   5,229 4,446
48,374   25,409 22,965
52,661   35,442 17,219
22,569   15,413 7,156
37,615   24,947 12,668
15,046   5,664 9,382
15,046   5,499 9,547
7,523   2,582 4,941
75,230   34,432 40,798
11,762   28,210 -16,448
11,762   28,244 -16,482
9,802   22,810 -13,008
19,603   21,962 -2,359
19,603   19,871 -268
100,000   100,000 0
100,000   98,872 1,128
100,000   99,435 565
19   17 2
1,941   1,693 248
1,962   1,679 283
981   719 262
1,308   990 318
1,635   1,045 590
3   2 1
3,266   1,950 1,316
3   1 2
3,266   1,155 2,111
128     128
871     871
28,524     28,524
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       673
b       3,465
c       54,015
d       24,151
e       8,505
      26,583
      6,424
      -897
      32,204
      -9,235
      -5,323
      18,166
      25,658
      15,748
      11,888
      469
      94
      114
      176
      155
      31
      37
      46
      -12,739
      0
      57,000
      85,500
      47,269
      24,744
      27,742
      26,746
      60,464
      65,330
      13
      985
      14
      519
      9
      324
      -970
      310
      32
      -4
      -16
      3,531
      888
      4,556
      839
      24,418
      38,845
      -45
      -7
      -10
      -19
      129
      664
      855
      1,033
      -46,958
      -12,886
      1,998
      2,246
      2,110
      2,559
      4,773
      10,670
      17,184
      1
      4,166
      4,480
      4,676
      3,219
      4,445
      26,670
      4,446
      4,446
      4,446
      22,965
      17,219
      7,156
      12,668
      9,382
      9,547
      4,941
      40,798
      -16,448
      -16,482
      -13,008
      -2,359
      -268
      0
      1,128
      565
      2
      248
      283
      262
      318
      590
      1
      1,316
      2
      2,111
      128
      871
      28,524
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 2 827,247
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 1,283,422 27,532,020 0.046616
2013 1,140,603 25,917,668 0.044009
2012 1,110,427 23,054,331 0.048166
2011 1,072,091 22,837,128 0.046945
2010 969,776 21,538,894 0.045024
2
Total of line 1, column (d) .....................
20.230760
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
0.046152
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
27,161,136
5
Multiply line 4 by line 3......................
5
1,253,541
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
9,177
7
Add lines 5 and 6........................
7
1,262,718
8
Enter qualifying distributions from Part XII, line 4.............
8
1,362,179
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 9,177
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 9,177
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 9,177
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 15,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,823
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,823 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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 addressbulletN/A
    14
    The books are in care ofbulletVON HARTEN COMPANY INC PS Telephone no.bullet (206) 443-9017

    Located atbullet2101 FOURTH AVENUE STE 2170SEATTLEWA ZIP+4bullet98121
    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
     
     
    .........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
    DAVID E ELLISON SENIOR TRUSTEE
    11.00     		16,889 0 0
    601 108TH AVENUE NE SUITE 1900
    BELLEVUE,WA98004
    DAVID E ELLISON INVESTMENT DIRECTOR
    29.00     		46,444 0 0
    601 108TH AVENUE NE SUITE 1900
    BELLEVUE,WA98004
    DAYLE E IVERSON TRUSTEE & CEO
    40.00     		125,000 7,982 0
    601 108TH AVENUE NE SUITE 1900
    BELLEVUE,WA98004
    JUSTIN M O'CONNELL PROGRAM OFFICER
    8.33     		30,000 0 0
    601 108TH AVENUE NE SUITE 1900
    BELLEVUE,WA98004
    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
    GAMCO INVESTORS INC INVESTMENT MANAGEMENT 153,797
    C/O BNY MELLON 1201 3RD AVE 5010
    SEATTLE,WA98101
    VON HARTEN & COMPANY INC PS ACCOUNTING SERVICES 65,384
    2101 FOURTH AVENUE SUITE 2170
    SEATTLE,WA98121
    GARLAND CAPITAL MANAGEMENT INC INVESTMENT MANAGEMENT 54,752
    500 108TH AVENUE NE SUITE 955
    BELLEVUE,WA980045500
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    23,271,606
    b
    Average of monthly cash balances.......................
    1b
    4,303,151
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    27,574,757
    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
    27,574,757
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    413,621
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    27,161,136
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,358,057
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,358,057
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    9,177
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,177
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,348,880
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,348,880
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,348,880
    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
    1,362,179
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,362,179
    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
    9,177
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,353,002
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 1,348,880
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 1,171,627
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,362,179
    a Applied to 2014, but not more than line 2a 1,171,627
    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..... 190,552
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		1,158,328
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    DAYLE E IVERSON
    601 108TH AVENUE NE SUITE 1900
    BELLEVUE,WA98004
    (425) 943-7185
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER DISCUSSING PROGRAMS QUALIFYING UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) FOR AIDS RESEARCH, CONTROL OR TREATMENT.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    CASE WESTERN RESERVE UNIVERSITY
    10900 EUCLID AVENUE
    CLEVELAND,OH44106     		NONE PUBLIC CHARITY RESEARCH 162,000
    EMORY UNIVERSITY
    1762 CLIFTON ROAD SUITE 1400
    ATLANTA,GA30322     		NONE PUBLIC CHARITY RESEARCH 277,748
    REGENTS OF THE UNIVERSITY OF CA - UC DAVIS
    ONE SHIELDS AVENUE
    DAVIS,CA956168504     		NONE PUBLIC CHARITY RESEARCH 24,386
    RUSH UNIVERSITY MEDICAL CENTER
    1700 W VAN BUREN STREET STE 250
    CHICAGO,IL60612     		NONE PUBLIC CHARITY RESEARCH 137,778
    SCRIPPS RESEARCH INSTITUTE
    10550 N TORREY PINES ROAD
    LA JOLLA,CA92037     		NONE PUBLIC CHARITY RESEARCH 166,134
    UC SAN DIEGO AIDS RESEARCH INSTITUTE
    9500 GILMAN DRIVE 0005
    LA JOLLA,CA920930005     		NONE PUBLIC CHARITY RESEARCH 226,181
    UCLA AIDS INSTITUTE
    615 CHARLES E YOUNG DR EAST
    LOS ANGELES,CA90095     		NONE PUBLIC CHARITY RESEARCH 196,020
    Total .................................bullet 3a 1,190,247
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 2,066  
    4 Dividends and interest from securities....     14 524,198  
    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 ............     		    18 827,247  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,353,511 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,353,511
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    JAMES B PENDLETON CHARITABLE TRUST
    EIN:
    95-6944277
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VON HARTEN & COMPANY INC PS 65,384 58,846   6,538
    LOVERIDGE HUNT & CO PLLC 8,050 7,245   805

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    JAMES B PENDLETON CHARITABLE TRUST
    EIN:
    95-6944277
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GENERAL ELECTRIC CAP CP, 5.0%, 8/15/17 100,000 105,090
    GENERAL ELECTRIC CAP CP, 4.3%, 10/15/15 0 0
    PROCTER & GAMBLE, 3.5%, 2/15/15 0 0
    WELLS FARGO BANK, 5.6%, 3/15/16 96,704 94,822
    GENERAL ELECTRIC CAP CP, 4.55%, 3/15/18 100,000 105,206
    MORGAN STANLEY NOTES, 3.45%, 11/02/15 0 0

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    JAMES B PENDLETON CHARITABLE TRUST
    EIN:
    95-6944277
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMETEK INC NEW 14,094 160,770
    CTS CORP 23,777 70,560
    CORNING INC 27,336 73,120
    ENERGIZER HLDGS INC 5,528 34,060
    FLOWSERVE CORPORATION 16,691 189,360
    HONEYWELL INTL INC 117,130 414,280
    WATTS WATER TECHNOLOGIES INC 47,271 149,010
    ARCHER DANIELS MIDLAND CO 42,019 110,040
    CHURCH & DWIGHT INC 40,977 339,520
    FLOWERS FOOD INC 28,556 193,410
    CABLEVISION SYS CORP CL A 26,770 191,400
    SCRIPPS (EW) CO OHIO CLASS A 51,741 82,815
    AMERICAN EXPRESS CO 125,837 312,975
    EL PASO ELEC CO 71,926 192,500
    TELEPHONE & DATA SYSTEMS INC 226,479 181,230
    WESTAR ENERGY INC 51,251 169,640
    VIVENDI UNIVERSAL 58,396 111,451
    SOUTHWEST GAS CORP 113,690 275,800
    TIME WARNER INC 120,369 323,350
    UNITED STATES CELLULAR CORP 89,180 122,430
    CAVCO INDUSTRIES INC 49,752 208,275
    CHEMED CORP NEW 17,914 149,800
    DEERE & CO 25,260 61,016
    GENERAL MILLS INC 119,991 288,300
    LIBERTY GLOBAL PLC (SER A) (LBTYA) 4,432 22,239
    LIBERTY GLOBAL PLC (SER C) (LBTYK) 12,327 64,213
    VIACOM INC CL A 131,845 175,960
    AT&T INC COM 165,687 447,330
    INTERNATIONAL FLAVORS & FRAGRANCES 47,588 119,640
    ITT CORPORATION 18,513 36,320
    LIBERTY MEDIA HOLDING CORP (QVCA) 35,235 68,300
    NAVISTAR INTL CORP 45,992 17,680
    PFIZER INC 103,514 190,775
    TREDEGAR INDS INC 44,279 40,860
    VERIZON COMMUNICATIONS 175,242 277,320
    CAMPBELL SOUP CO 118,257 210,200
    CRANE CO 64,689 95,680
    GATX CORP 138,358 170,200
    JOHNSON & JOHNSON 130,956 205,440
    WASTE MANAGEMENT INC 113,763 160,110
    3M COMPANY 139,291 316,344
    BANK OF NEW YORK/MELLON CO 92,946 123,660
    CHEVRON CORP 108,766 134,940
    DU PONT E I DE NEMOUR & CO 123,635 266,400
    EXXON MOBIL CORP 86,464 93,540
    GENERAL ELECTRIC CO 172,154 271,005
    INT'L BUSINESS MACHINES 114,389 151,382
    MASCO CORP 0 0
    PFIZER INCORPORATED 110,033 183,996
    PROCTER & GAMBLE 119,612 166,761
    UNILEVER PLC ADR NEW 110,361 172,480
    UNITED PARCEL SERVICE CL B 0 0
    UNITED TECHOLOGIES CORP 109,126 192,140
    WAL-MART STORES INC 98,059 122,600
    ASCENT MEDIA CORP - A 19,937 13,376
    COCA-COLA CO 142,628 214,800
    DIEBOLD INC 36,979 42,126
    DISCOVERY COMMUNICATIONS - A 5,262 20,010
    DISCOVERY COMMUNICATIONS - C 14,539 56,745
    DISH NETWORK CORP - A 139,060 457,440
    DR PEPPER SNAPPLE GROUP 57,275 279,600
    ECHOSTAR HOLDING CORP - A 20,851 31,288
    GRAFTECH INTL LTD 0 0
    NCR CORP 64,762 122,300
    PRECISION CASTPARTS CORP 103,208 278,412
    ZEP INC 0 0
    AT&T INC COM 133,507 168,609
    BANK OF NEW YORK MELLON CORP 190,670 288,540
    BOSTON SCIENTIFIC CORP 38,891 110,640
    DANONE SPNS ADR 64,212 81,660
    JP MORGAN CHASE & CO 109,272 198,090
    KAMAN CORP 29,480 81,620
    LEGG MASON INC 126,264 196,150
    NATIONAL FUEL GAS CO 176,427 171,000
    RPC INC 16,483 53,775
    MICROSOFT CORP 95,452 260,756
    NOVARTIS AG SPONS ADR 136,974 271,026
    TOTAL SA ADR 147,224 107,880
    WASTE MANAGEMENT INC 137,138 245,502
    BAXTER INTERNATIONAL INC 0 0
    ILLINOIS TOOL WORKS INC 178,370 379,988
    BAXTER INTERNATIONAL, INC 22,964 38,150
    BIGLARI HOLDINGS, INC 102,479 117,295
    CURTISS WRIGHT CORP 58,447 137,000
    GRIFFON CORP 46,289 71,200
    JANUS CAP 140,162 211,350
    MADISON SQUARE GAR INC-A 0 0
    MILLICOM INTL CELLULAR 178,061 138,504
    NORTHERN TR CORP 160,099 288,360
    STATE STREET CORP 186,024 265,440
    AMC NETWORKS INC-A 10,813 112,020
    BECTON DICKINSON & CO 0 0
    THE BOEING COMPANY 69,912 144,590
    BRINKS CO 132,255 144,300
    BROWN FORMAN CORP CL A 20,365 49,549
    CINCINNATI BELL INC 72,468 90,000
    FIRSTENERGY CORP 15,468 63,460
    FORTUNE BRANDS HOME & SECURITY INC 40,259 166,500
    INTERNAP NETWORK SERVICES CORP 146,513 128,000
    XYLEM INC 137,821 182,500
    HEWLETT PACKARD COMPANY 0 0
    JPMORGAN CHASE & CO 146,169 293,833
    PEPSICO INCORPORATED 151,744 234,812
    TRAVELERS COMPANIES INC 144,614 282,150
    DIRECTV 0 0
    KINDER MORGAN INC DEL 3,821 192
    MONDELEZ INTERNATIONAL 96,331 224,200
    LIBERTY VENTURES (LVNTA) 10,097 31,171
    PATTERSON COS INC 170,964 226,050
    SNYDERS-LANCE INC 4,608 6,860
    PEP BOYS MANNY MOE & JACK 0 0
    RYMAN HOSPITALITY INC 68,168 146,090
    INGREDION INC 12,216 76,672
    WELLS FARGO & COMPANY 166,196 271,800
    WEATHERFORD INTERNATIONAL LTD 59,458 41,950
    ST JUDE MEDICAL INC 208,201 339,735
    LIBERTY MEDIA CORP (LMCA) 1,836 26,533
    NEWS CORP 17,181 33,400
    TWENTY-FIRST CENTURY FOX, INC 127,445 271,600
    CISCO SYSTEMS INC 168,824 203,663
    PRUDENTIAL FINANCIAL INC 155,685 219,807
    LIBERTY TRIP ADVISOR HLDG A (LTRPA) 3,685 10,194
    LIBERTY BROADBAND-A (LBRDA) 638 8,729
    LIBERTY BROADBAND-C (LBRDK) 5,454 22,974
    LIBERTY MEDIA CORP (LMCK) 3,638 51,484
    CHEMTURA CORP 23,613 27,270
    DRESSER-RAND GROUP INC 0 0
    INTERPUBLIC GROUP COS INC 39,448 46,560
    KINNEVIK INVESTMENT A-B 40,580 31,008
    GLAXOSMITHKLINE PLC ADR 163,234 125,085
    BAXALTA INC 19,569 39,030
    CST BRANDS INC 67,951 78,280
    EDGEWELL PERSONAL CARE CO 22,377 109,718
    THE MADISON SQUARE GARDEN COMPANY 16,509 134,779
    MSG NETWORKS INC 6,429 52,000
    WAUSAU PAPER CORP 102,300 102,300
    BLACKROCK INC 150,750 170,260
    MERCK & CO INC 205,037 203,357
    RMR GROUP INC 959 1,167
    UNION PACIFIC CORP 154,476 140,760
    WELLTOWER INC 125,330 258,514
    WHOLE FOODS MARKET 153,806 160,800

    TY 2015 InvestmentsOtherSchedule2
    Name:
    JAMES B PENDLETON CHARITABLE TRUST
    EIN:
    95-6944277
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HEALTH CARE REIT INC AT COST 0 0
    HOSPITALITY PPTYS TRUST SH BEN INT AT COST 158,029 128,135
    LIBERTY PROPERTY TRUST REIT AT COST 184,197 173,880
    MACK CALI REALTY CORP REIT AT COST 0 0
    HOME PROPERTIES INC REIT AT COST 0 0
    HCP INC REIT AT COST 159,234 237,088
    DUKE REALTY CORP REIT AT COST 149,967 197,588
    DIGITAL REALTY TRUST INC AT COST 145,154 204,174
    PROLOGIS INC NEW AT COST 187,785 287,564
    HIGHWOODS PPTY AT COST 156,180 176,580

    TY 2015 LegalFeesSchedule
    Name:
    JAMES B PENDLETON CHARITABLE TRUST
    EIN:
    95-6944277
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GREENBERG GLUSKER 2,963 2,666   297


    TY 2015 OtherAssetsSchedule
    Name:
    JAMES B PENDLETON CHARITABLE TRUST
    EIN:
    95-6944277
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE CONSTRUCTIVELY RECEIVED 1,966 1,303 1,303
    LTCG DISTRIBUTION RECEIVABLE CONSTRUCTIVELY RECEIVED 307 122 122


    TY 2015 OtherExpensesSchedule
    Name:
    JAMES B PENDLETON CHARITABLE TRUST
    EIN:
    95-6944277
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE EXPENSE 3,940 1,970   1,970
    PAYROLL PROCESSING EXPENSE 1,052 526   526
    MEMBERSHIP DUES 4,342 2,172   2,172
    OFFICE SUPPLIES 384 192   192
    BANK CHARGES 149 75   74
    MISCELLANEOUS - ADR FEES 104 104   0
    POSTAGE 111 55   56
    PARKING 6,452 3,226   3,226
    D&O INSURANCE 2,250 1,125   1,125


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    JAMES B PENDLETON CHARITABLE TRUST
    EIN:
    95-6944277
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GARLAND CAPITAL MANAGEMENT INC 54,752 54,752   0
    GAMCO INVESTORS INC 153,797 153,797   0
    BNY MELLON NA 23,388 23,388   0


    TY 2015 TaxesSchedule
    Name:
    JAMES B PENDLETON CHARITABLE TRUST
    EIN:
    95-6944277
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES - TRUSTEE & CEO 9,160 2,290   6,870
    PAYROLL TAXES - SENIOR TRUSTEE 1,292 646   646
    PAYROLL TAXES - INVESTMENT DIRECTOR 3,553 3,553   0
    CALIFORNIA FILING FEES 160 0   0
    PAYROLL TAXES - L&I 588 294   294
    FEDERAL EXCISE TAX 16,292 0   0
    FOREIGN TAXES PAID 7,983 7,983   0
    PAYROLL TAXES - PROGRAM OFFICER 2,295 574   1,721