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
ERNEST C OBERHOLTZER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O CHAPMAN CUTLER LLP PO BOX 2593
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL606902593
A Employer identification number

41-6042619
B Telephone number (see instructions)

(312) 845-3442
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$630,742J 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) 101,884
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 2 2 2
4 Dividends and interest from securities... 13,582 13,582 13,582
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,200
b Gross sales price for all assets on line 6a 65,484
7 Capital gain net income (from Part IV, line 2)... 8,200
8 Net short-term capital gain......... 1,532
9 Income modifications...........  
10a Gross sales less returns and allowances 20,879
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 20,879 20,879
11 Other income (attach schedule)....... Click to see attachment 30,109 30,109 30,109
12 Total. Add lines 1 through 11........ 174,656 51,893 66,104
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 38,647 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 3,737 0 0 0
16a Legal fees (attach schedule)......... Click to see attachment 77 0 0 0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 4,800 4,800 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,441 2,144 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 5,099 0 5,099
20 Occupancy.............. 8,839 0 0 8,839
21 Travel, conferences, and meetings....... 19,188 0 0 19,188
22 Printing and publications.......... 8,037 0 0 8,037
23 Other expenses (attach schedule)....... Click to see attachment 13,481 0 0 13,481
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 105,346 6,944 5,099 49,545
25 Contributions, gifts, grants paid....... 575 575
26 Total expenses and disbursements. Add lines 24 and 25 105,921 6,944 5,099 50,120
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 68,735
b Net investment income (if negative, enter -0-) 44,949
c Adjusted net income (if negative, enter -0-)... 61,005
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............. 1 1 1
2 Savings and temporary cash investments......... 36,872 35,231 35,231
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)....... 349,865 Click to see attachment424,531 482,945
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 33,895 Click to see attachment34,355 35,602
14 Land, buildings, and equipment: basis bullet149,047
Less: accumulated depreciation (attach schedule) bullet72,084 81,712 Click to see attachment76,963 76,963
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 502,345 571,081 630,742
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.................. 482,345 511,081
25 Temporarily restricted............... 20,000 60,000
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 502,345 571,081
31 Total liabilities and net assets/fund balances (see instructions). 502,345 571,081
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
502,345
2
Enter amount from Part I, line 27a .....................
2
68,735
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1
4
Add lines 1, 2, and 3 ..........................
4
571,081
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
571,081
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 LINN ENERGY LLC RTRN OF CAPITAL P 2012-02-02 2015-02-11
b 170 SHS WELLS FARGO & CO NEW P 2005-05-25 2015-02-10
c 200 SHS LINN ENERGY LLC P 2012-02-02 2015-02-11
d 200 SHS KRAFT FOODS GRP INC P 2014-02-26 2015-04-01
e 100 SHS PROCTOR & GAMBLE P 2012-02-02 2015-05-18
452.47 SHS DODGE & COX P 2013-05-21 2015-06-26
300 SHS SYSCO CORP P 2014-02-18 2015-07-10
150 SHS EXTRA SPACE STORAGE P 2015-07-27 2015-12-14
.30 SHS RMR GROUP INC. A P 2015-12-21 2015-12-21
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 42   42 0
b 8,988   5,256 3,732
c 2,473   5,934 -3,461
d 16,872   11,266 5,606
e 7,865   6,551 1,314
6,140   6,331 -191
10,553   10,955 -402
12,477   10,945 1,532
4   4 0
70     70
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       0
b       3,732
c       -3,461
d       5,606
e       1,314
      -191
      -402
      1,532
      0
      70
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 8,200
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 1,532
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 49,970 464,502 0.107578
2013 47,286 365,320 0.129437
2012 61,614 313,382 0.196610
2011 41,832 268,625 0.155726
2010 43,163 265,782 0.162400
2
Total of line 1, column (d) .....................
20.751751
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
0.150350
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
526,156
5
Multiply line 4 by line 3......................
5
79,108
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
449
7
Add lines 5 and 6........................
7
79,557
8
Enter qualifying distributions from Part XII, line 4.............
8
50,120
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 1 899
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........................... 3 899
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- ..... 5 899
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 1,560
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 1,560
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 661
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet661 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)
    bulletMN
    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
    Yes
     
    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 addressbulletWWW.EOBER.ORG
    14
    The books are in care ofbulletCHARLES A KELLY Telephone no.bullet (312) 845-3442

    Located atbulletCHAPMAN AND CUTLER LLP 111 W MONROEST 18TH FLCHICAGOIL ZIP+4bullet606904099
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    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
    JIM FITZPATRICK PRESIDENT
    0.25     		0 0 0
    C/O CHAPMAN CUTLER P O BOX 2593
    CHICAGO,IL606902593
    MARY SWALLA HOLMES VICE PRESIDENT
    0.25     		0 0 0
    C/O CHAPMAN CUTLER P O BOX 2593
    CHICAGO,IL606902593
    BETH E WATERHOUSE EXECUTIVE DIRECTOR
    35.00     		38,647 0 0
    C/O CHAPMAN CUTLER P O BOX 2593
    CHICAGO,IL606902593
    TIM HEINLE TREASURER
    0.25     		0 0 0
    C/O CHAPMAN CUTLER P O BOX 2593
    CHICAGO,IL606902593
    MARGARET ANNE SMITH SECRETARY
    0.25     		0 0 0
    C/O CHAPMAN CUTLER P O BOX 2593
    CHICAGO,IL606902593
    CHARLES A KELLY ASSIST. TREASURER
    0.25     		0 0 0
    C/O CHAPMAN CUTLER P O BOX 2593
    CHICAGO,IL606902593
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE DIRECT CHARITABLE ACTIVITIES OF THE FOUNDATION ARE AS A WILDERNESS RESEARCH AND LEARNING CENTER WHOSE ACTIVITIES OCCUR BETWEEN MAY THROUGH OCTOBER DUE TO WEATHER. 0
    2 THE CENTER IS USED PRIMARILY AS A RESOURCE FOR ECOLOGICAL EDUCATION, CREATIVE EXPRESSION AND STUDY BY ARTISTS, WRITERS, NATURALISTS, ORGANIZATIONAL LEADERS, RESEARCHERS USING OBERHOLTZER'S EXTENSIVE LIBRARY, AND THOSE LEARNING ABOUT THE OJIBWE LANGUAGE AND CULTURE. 0
    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
    498,997
    b
    Average of monthly cash balances.......................
    1b
    35,172
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    534,169
    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
    534,169
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    8,013
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    526,156
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    26,308
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    50,120
    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
    50,120
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    50,120
    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 0
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 30,513
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 30,513
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$  
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 0
    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 30,513
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		30,513
    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
    2012-03-19
    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
    26,308 23,225 18,266 15,669 83,468
    b 85% of line 2a ......... 22,362 19,741 15,526 13,319 70,948
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		50,120 49,970 47,286 62,080 209,456
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		50,120 49,970 47,286 62,080 209,456
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		17,539 15,483 12,177 10,446 55,645
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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:
    BETH WATERHOUSE EXECUTIVE DIRECTOR
    818 THIRD AVE 305
    EXCELSIOR,MN55331
    (952) 401-0591
    BETH@EOBER.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    IN WRITING, TO THE ABOVE ADDRESS
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESTRICTED TO EFFORTS TO PRESERVE THE WILDERNESS ECOLOGY OF THE UPPER GREAT LAKES BORDER REGION AND THE CULTURE OF THE ANISHINAABE PEOPLE
    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
    HEART OF THE CONTINENT PARTNERSHIP
    126 NORTH 3RD STREET
    MINNEAPOLIS,MN55401     		NONE 501(C)(3) GENERAL USE OF CHARITY 100
    MINNESOTA LAND TRUST
    2356 UNIVERSITY AVE WEST
    ST PAUL,MN55114     		NONE 501(C) (3) GENERAL USE OF CHARITY 50
    MURIE CENTER
    PO BOX 399
    MOOSE,WY83012     		NONE 501(C)(3) GENERAL USE OF CHARITY 100
    NORTHEASTERN MINNESOTANS FOR WILDERNESS
    PO BOX 625
    ELY,MN55731     		NONE 501(C)(3) GENERAL USE OF CHARITY 100
    QUETICO SUPERIOR FOUNDATION
    50 SOUTH SIXTH STREET
    MINNEAPOLIS,MN55402     		NONE 501 (C) (3) GENERAL USE OF CHARITY 25
    VOYAGEURS NATIONAL PARK ASSOCIATION
    126 NORTH 3RD STREET
    MINNEAPOLIS,MN55401     		NONE 501(C)(3) GENERAL USE OF CHARITY 100
    WILDERNESS SOCIETY
    1615 M STREET NW STE 400
    WASHINGTON,DC20036     		NONE 501(C)(3) GENERAL USE OF CHARITY 100
    Total .................................bullet 3a 575
    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  
    4 Dividends and interest from securities....     14 13,582  
    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.....     15 30,109  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 8,200  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory.. 511130 20,879 12    
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 20,879 51,893 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1372,772
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    ERNEST C OBERHOLTZER FOUNDATION
     
    Employer identification number

    41-6042619
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    ERNEST C OBERHOLTZER FOUNDATION
          		Employer identification number
    41-6042619
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    WINTER WHEAT FOUNDATION
     

       
    C/O BENDER-KELNER WILLS TONKAWOOD O
     
    MINNETONKA, MN55345

    		$ 10,000


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

    MAIRI DOERR  
    29555 23RD AVENUE WAY
     
    CANON FALLS, MN55009

    		$ 40,167


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    HELGESON FAMILY FOUNDATION
     

       
    901 PARKVIEW TERRACE
     
    GOLDEN VALLEY, MN55416

    		$ 10,000


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

    TIM HEINLE  
    PO BOX 265
     
    RANIER, MN56668

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    MARY E JUERS TRUST
     

       
    1151 HONAPA CIRCLE
     
    IVINS, UT84738

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
     
     

    HARRY AND GINNY SWEATT  
    325 BOHNS POINT LANE
     
    WAYZATA, MN55391

    		$ 10,302


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    ERNEST C OBERHOLTZER FOUNDATION
          		Employer identification number
    41-6042619
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
     
     

    STEVEN J MELANDER-DAYTON  
    PO BOX 9480
     
    SANTA FE, NM87504

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    THE ATHWIN FOUNDATION
     

       
    5200 WILLSON ROAD
     
    MINNEAPOLIS, MN55424

    		$ 10,000


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

    41-6042619
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 370 SHARES OF WELLS FARGO & COMPANY COMMON STOCK $ 20,267 2014-12-11
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 381 SHARES OF CONOCO PHILLIPS COMMON STOCK $ 19,900 2015-12-02
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    ERNEST C OBERHOLTZER FOUNDATION
          		Employer identification number

    41-6042619
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2015 DepreciationSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND 1982-07-01 16,000     0 % 0 0 0  
    STOVE 1982-07-01 275 275 SL 0 % 0 0 0  
    FREEZER 1982-07-01 300 300 SL 0 % 0 0 0  
    DOCKS 1982-07-01 950 950 SL 0 % 0 0 0  
    CHAINSAW 1982-09-01 345 345 SL 0 % 0 0 0  
    ELECTRIC SYSTEM 1982-11-01 3,853 3,853 SL 0 % 0 0 0  
    KITCHEN BOAT 1982-12-01 2,137 2,137 SL 0 % 0 0 0  
    BEDDING 1983-03-01 2,417 2,417 SL 0 % 0 0 0  
    CHAIRS 1983-08-01 194 194 SL 0 % 0 0 0  
    WINDOW/SCREENS 1983-07-01 928 928 SL 0 % 0 0 0  
    OUTHOUSES 1983-08-01 294 294 SL 0 % 0 0 0  
    GRUMAN CANOES 1983-08-01 220 220 SL 0 % 0 0 0  
    PONTOON BOAT 1984-08-01 4,794 4,794 SL 0 % 0 0 0  
    REFRIDERATOR 1985-07-01 1,099 1,099 SL 0 % 0 0 0  
    FRONT CABIN 1985-07-01 6,940 6,940 SL 0 % 0 0 0  
    BOATHOUSE 1985-07-01 250 250 SL 0 % 0 0 0  
    FRONT CABIN ROOF 1985-10-01 1,035 1,035 SL 0 % 0 0 0  
    LIBRARY ROOF 1985-11-01 1,394 1,394 SL 0 % 0 0 0  
    PUMP/WATER FILTER 1986-07-01 616 616 SL 0 % 0 0 0  
    PIOLON WINDOW 1986-08-01 480 480 SL 0 % 0 0 0  
    ROOF 1990-11-01 3,200 3,200 SL 15.000000000000 0 0 0  
    DOCTS 1991-05-01 3,200 3,200 SL 0 % 0 0 0  
    MATTRESSES 1991-07-01 760 760 SL 0 % 0 0 0  
    OMC OUTBOARD MOTOR 1993-06-01 3,176 3,176 SL 0 % 0 0 0  
    CHIPPER 2004-09-01 2,486 2,486 SL 5.000000000000 0 0 0  
    PONTOON BOAT 2007-03-01 10,995 4,786 SL 18.000000000000 611 0 611  
    ROOF 2007-11-13 9,619 4,594 SL 15.000000000000 641 0 641  
    PORCH 2007-11-13 641 308 SL 15.000000000000 43 0 43  
    FOUNDATION 2007-11-13 2,565 917 SL 20.000000000000 128 0 128  
    MATTRESS 2008-05-31 234 234 SL 5.000000000000 0 0 0  
    FREEZER 2008-06-10 585 585 SL 5.000000000000 0 0 0  
    REFRIGERATOR 2009-05-04 554 554 SL 5.000000000000 0 0 0  
    WATER CONDITIONER 2009-07-15 3,395 3,395 SL 5.000000000000 0 0 0  
    ELECTRIC STOVE 2010-03-26 619 589 SL 5.000000000000 30 0 30  
    REFRIGERATOR 2010-05-14 453 424 SL 5.000000000000 29 0 29  
    ROOF 2010-06-10 3,853 1,178 SL 15.000000000000 257 0 257  
    BIG HOUSE ROOF 2010-07-20 2,917 857 SL 15.000000000000 194 0 194  
    COOK'S ROOF 2012-06-27 4,225 705 SL 15.000000000000 282 0 282  
    BIG HOUSE CHIMNEY 2012-09-12 48,798 5,693 SL 20.000000000000 2,440 0 2,440  
    COMPUTER 2012-10-19 1,901 823 SL 5.000000000000 380 0 380  
    COMPUTER 2015-01-20 350   SL 5.000000000000 64 0 64  

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1200 DNP SELECT 13,434 10,752
    150 EXXON MOBIL 11,019 11,693
    300 VERIZON 11,979 13,866
    200 WELLS FARGO 1,259 21,744
    150 CONOCO PHILLIPS 12,770 24,792
    150 STATE STREET CORP 8,770 9,954
    150 BERKSHIRE HATHAWAY INC 12,304 19,806
    700 FORD MOTOR COMPANY 9,738 9,863
    200 JP MORGAN CHASE 7,743 13,206
    200 LINN ENERGY LLC 0 0
    300 MICROSOFT CORP 9,220 16,644
    100 PROCTER & GAMBLE 0 0
    200 WALGREENS 7,406 17,031
    500 PNC FINANCIAL SVCS GRP 12,814 12,775
    500 STATE STREET CORP NON 13,205 13,100
    300 ABBOTT LABS 10,267 13,473
    200 MERCK & CO 8,829 10,564
    200 MONDELEZ INTERNATIONAL 6,502 8,968
    200 ORACLE CORP 7,145 7,306
    150 UNITED TECHNOLOGIES 14,504 14,411
    2370.366 DEARBORN PARTNERS RISING 25,800 27,394
    777.2470 DODGE & COX 4,748 4,535
    125 HONEYWELL INTL INC. 8,546 12,946
    400 AT&T 13,778 13,764
    150 APPLE 23,983 21,052
    100 BOEING COMPANY 13,829 14,459
    200 COMCAST CORP 10,399 11,286
    150 CVS CARMARK CORP 11,121 14,666
    100 FIRST SOLAR INC 13,847 16,498
    200 KRAFT FOODS 0 0
    300 PFIZER INC 9,725 9,684
    150 SUNPOWER CORP 10,306 9,003
    300 SYSCO CORP 0 0
    200 ABBVIE INC. 12,313 11,848
    3 BOIGEN IDEC INC 115 919
    150 BRISTOL MYERS SQUIBB CO 9,828 10,319
    450 CALIFORNIA WATER SVC GRP 11,718 10,472
    100 WALT DISNEY 11,150 10,508
    1500 EXACT SCIENCES CORP 26,437 13,845
    300 KINDER MORGAN INC. 12,685 4,476
    200 LOWES COMPANIES INC. 15,200 15,208
    8 RMR GROUP INC CL A 95 115

    TY 2015 InvestmentsOtherSchedule2
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    500 HOSPITALITY PPTYS TR SBI AT COST 13,565 13,075
    957.877 T ROWE PRICE TOTAL EQTY AT COST 20,790 22,527

    TY 2015 LandEtcSchedule2
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 16,000 0 16,000 16,000
    STOVE 275 275 0 0
    FREEZER 300 300 0 0
    DOCKS 950 950 0 0
    CHAINSAW 345 345 0 0
    ELECTRIC SYSTEM 3,853 3,853 0 0
    KITCHEN BOAT 2,137 2,137 0 0
    BEDDING 2,417 2,417 0 0
    CHAIRS 194 194 0 0
    WINDOW/SCREENS 928 928 0 0
    OUTHOUSES 294 294 0 0
    GRUMAN CANOES 220 220 0 0
    PONTOON BOAT 4,794 4,794 0 0
    REFRIDERATOR 1,099 1,099 0 0
    FRONT CABIN 6,940 6,940 0 0
    BOATHOUSE 250 250 0 0
    FRONT CABIN ROOF 1,035 1,035 0 0
    LIBRARY ROOF 1,394 1,394 0 0
    PUMP/WATER FILTER 616 616 0 0
    PIOLON WINDOW 480 480 0 0
    ROOF 3,200 3,200 0 0
    DOCTS 3,200 3,200 0 0
    MATTRESSES 760 760 0 0
    OMC OUTBOARD MOTOR 3,176 3,176 0 0
    CHIPPER 2,486 2,486 0 0
    PONTOON BOAT 10,995 5,397 5,598 5,598
    ROOF 9,619 5,235 4,384 4,384
    PORCH 641 351 290 290
    FOUNDATION 2,565 1,045 1,520 1,520
    MATTRESS 234 234 0 0
    FREEZER 585 585 0 0
    REFRIGERATOR 554 554 0 0
    WATER CONDITIONER 3,395 3,395 0 0
    ELECTRIC STOVE 619 619 0 0
    REFRIGERATOR 453 453 0 0
    ROOF 3,853 1,435 2,418 2,418
    BIG HOUSE ROOF 2,917 1,051 1,866 1,866
    COOK'S ROOF 4,225 987 3,238 3,238
    BIG HOUSE CHIMNEY 48,798 8,133 40,665 40,665
    COMPUTER 1,901 1,203 698 698
    COMPUTER 350 64 286 286


    TY 2015 LegalFeesSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 77 0 0 0


    TY 2015 OtherExpensesSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 3,994 0 0 3,994
    REPAIR AND MAINTENANCE 3,898 0 0 3,898
    CARETAKER EXPENSE 5,329 0 0 5,329
    MISCELLANEOUS 260 0 0 260


    TY 2015 OtherIncomeSchedule2
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS ROYALTIES 30,109 30,109 30,109


    TY 2015 OtherIncreasesSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Description Amount
    ROUNDING 1


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROYALTY MANAGERS COMMISSIONS 4,800 4,800 0 0


    TY 2015 TaxesSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAX /OIL PROPERTY 2,144 2,144 0 0
    U S TREASURER 1,297 0 0 0