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
THE SILK FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1613 CHELSEA ROAD RM/STE 267
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN MARINO, CA91108
A Employer identification number

20-3997071
B Telephone number (see instructions)

(310) 562-9100
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$5,324,789J 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) 620,290
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 22,544 22,544  
4 Dividends and interest from securities... 76,514 76,514  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 274,078
b Gross sales price for all assets on line 6a 1,141,697
7 Capital gain net income (from Part IV, line 2)... 274,078
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........ 993,426 373,136  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,111 3,111    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,974 1,974    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 41,294 41,294    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 66,379 46,379   0
25 Contributions, gifts, grants paid....... 578,000 578,000
26 Total expenses and disbursements. Add lines 24 and 25 644,379 46,379   578,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 349,047
b Net investment income (if negative, enter -0-) 326,757
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......... 207,144 270,086 270,086
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)....... 3,422,354 Click to see attachment3,444,028 4,391,821
c Investments—corporate bonds (attach schedule)....... 663,850 Click to see attachment661,610 661,962
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment9,400 Click to see attachment920 Click to see attachment920
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,302,748 4,376,644 5,324,789
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 4,302,748 4,376,644
30 Total net assets or fund balances (see instructions)..... 4,302,748 4,376,644
31 Total liabilities and net assets/fund balances (see instructions). 4,302,748 4,376,644
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
4,302,748
2
Enter amount from Part I, line 27a .....................
2
349,047
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,191
4
Add lines 1, 2, and 3 ..........................
4
4,657,986
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
281,342
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,376,644
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 BOSTON SCIENTIFIC CORP. P 2015-04-14 2005-09-21
b FASTENAL CO. P 2011-05-16 2015-03-10
c SCHLUMBERGER LTD. P 2012-03-09 2015-08-03
d QUALCOMM INC. P 2009-12-01 2015-08-03
e CARDINAL HEALTH INC. P 2015-04-14 2015-05-29
GILEAD SCIENCES INC. P 2014-02-07 2015-11-18
STERICYCLE INC. P 2012-05-18 2015-06-05
SCHLUMBERGER LTD. P 2009-06-16 2015-08-03
CATAMARAN CORP. P 2015-03-11 2015-04-14
GOOGLE, INC. P 2013-04-01 2015-02-03
UNION PACIFIC CORP. P 2011-09-19 2015-12-21
STARBUCKS CORP. P 2010-12-01 2015-06-05
FMC TECHNOLOGIES, INC. P 2014-07-01 2015-06-30
GOOGLE, INC. P 2013-04-01 2015-05-06
VISA INC. P 2014-04-14 2015-06-05
UNION PACIFIC CORP. P 2008-09-04 2015-12-21
FASTENAL CO. P 2014-11-07 2015-03-10
INTERCONTINENTALEXCHANGE GROUP P 2012-01-03 2015-06-05
WHITEWAVE FOODS CO. P 2014-02-07 2015-05-29
HOME DEPOT, INC. P 2015-04-14 2015-06-05
INTUIT P 2012-01-03 2015-11-18
AMAZON INC. P 2009-12-01 2015-12-03
KEURIG GREEN MOUNTAIN, INC. P 2015-02-03 2015-04-14
ISHARES TR MSCI EMERGING MARKETS P 2014-08-06 2015-09-24
APPLE COMPUTER INC. P 2008-12-05 2015-12-21
SCHLUMBERGER LTD. P 2015-03-10 2015-08-03
LAS VEGAS SANDS CORP. P 2012-10-10 2015-05-29
CELGENE CORP. P 2008-09-04 2015-12-21
TWENTY FIRST CENTURY FOX, INC. P 2014-05-23 2015-03-10
ESTEE LAUDER CO., INC. P 2012-01-03 2015-06-05
COCA COLA CO. P 2005-12-12 2015-06-30
AMAZON INC. P 2012-01-03 2015-12-03
MONDELEZ INTERNATIONAL INC. P 2013-04-01 2015-03-10
ECOLAB, INC. P 2009-12-01 2015-06-05
CATAMARAN CORP. P 2011-12-13 2015-04-14
MONSTER BEVERAGE CORP. P 2014-02-07 2015-06-05
GILEAD SCIENCES, INC. P 2013-07-09 2015-12-03
CELGENE CORP. P 2012-11-16 2015-12-21
PIMCO EMERGING LOCAL BOND P 2014-07-09 2015-09-25
INTERCONTINENTALEXCHANGE GROUP P 2009-12-01 2015-06-05
CERNER CORP. P 2012-11-21 2015-11-18
POLARIS INDS INC. P 2012-08-31 2015-11-18
ISHARES TR MSCI EMERGING MARKETS P 2010-12-07 2015-09-24
ECOLAB INC. P 2012-01-03 2015-06-05
PRECISION CASTPARTS CORP. P 2012-01-03 2015-09-02
PALO ALTO NETWORKS, INC. P 2014-09-04 2015-12-03
FACEBOOK, INC. P 2014-02-07 2015-11-18
SANDISK CORP. P 2012-05-18 2015-05-29
PRECISION CASTPARTS CORP. P 2009-06-16 2015-09-20
(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 11,016   12,095 -1,079
b 13,491   11,419 2,072
c 8,192   7,509 683
d 25,714   17,683 8,031
e 11,034   11,283 -249
47,852   30,924 16,928
10,234   6,117 4,117
13,107   9,189 3,918
17,919   14,443 3,476
13,340   8,370 4,970
7,509   4,451 3,058
10,446   3,125 7,321
8,292   12,052 -3,760
115   82 33
10,261   7,534 2,727
22,528   10,034 12,494
14,315   15,569 -1,254
9,450   4,785 4,665
10,783   5,317 5,466
22,132   22,822 -690
12,072   6,347 5,725
37,333   7,506 29,827
28,802   31,415 -2,613
81,461   109,127 -27,666
60,029   6,715 53,314
12,288   12,256 32
20,331   16,977 3,354
1,100   346 754
24,010   24,470 -460
10,922   7,179 3,743
32,504   17,059 15,445
13,576   3,616 9,960
10,354   9,101 1,253
570   227 343
32,851   19,577 13,274
34,930   17,120 17,810
38,542   20,306 18,236
9,897   3,315 6,582
141,194   200,000 -58,806
2,363   1,070 1,293
11,620   9,861 1,759
26,283   20,347 5,936
18,536   26,092 -7,556
10,837   5,514 5,323
1,146   847 299
96,831   43,810 53,021
10,735   6,396 4,339
27,427   14,120 13,307
34,385   12,100 22,285
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       -1,079
b       2,072
c       683
d       8,031
e       -249
      16,928
      4,117
      3,918
      3,476
      4,970
      3,058
      7,321
      -3,760
      33
      2,727
      12,494
      -1,254
      4,665
      5,466
      -690
      5,725
      29,827
      -2,613
      -27,666
      53,314
      32
      3,354
      754
      -460
      3,743
      15,445
      9,960
      1,253
      343
      13,274
      17,810
      18,236
      6,582
      -58,806
      1,293
      1,759
      5,936
      -7,556
      5,323
      299
      53,021
      4,339
      13,307
      22,285
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 2 274,078
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 -6,597
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 355,650 5,080,282 0.070006
2013 453,508 3,987,809 0.113724
2012 198,000 3,200,954 0.061857
2011 156,280 2,630,357 0.059414
2010 163,751 2,163,611 0.075684
2
Total of line 1, column (d) .....................
20.380685
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
0.076137
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
5,151,196
5
Multiply line 4 by line 3......................
5
392,197
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,268
7
Add lines 5 and 6........................
7
395,465
8
Enter qualifying distributions from Part XII, line 4.............
8
578,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,268
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  
3 Add lines 1 and 2........................... 3 3,268
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,268
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 5,143
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,143
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 5,875
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,875 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 ofbulletSTEPHEN SILK Telephone no.bullet (310) 562-9100

    Located atbullet1613 CHELSEA ROADSAN MARINOCA ZIP+4bullet91108
    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
     
     
    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
    STEPHEN SILK PRES/TRUSTEE
    0.10     		0 0 0
    1272 SHERWOOD ROAD
    SAN MARINO,CA91108
    SUSAN SILK TRUSTEE
    0.10     		0 0 0
    1272 SHERWOOD ROAD
    SAN MARINO,CA91108
    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  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,067,129
    b
    Average of monthly cash balances.......................
    1b
    162,512
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,229,641
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,229,641
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    78,445
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,151,196
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    257,560
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    257,560
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,268
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,268
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    254,292
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    254,292
    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
    254,292
    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
    578,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    578,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    3,268
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    574,732
    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 7 254,292
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 56,328
    b From 2011...... 34,403
    c From 2012...... 38,866
    d From 2013...... 259,444
    e From 2014...... 119,559
    fTotal of lines 3a through e........ 508,600
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 578,000
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 254,292
    e Remaining amount distributed out of corpus 323,708
    5 Excess distributions carryover applied to 2015.    
    (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 5 832,308
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		56,328
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		775,980
    10 Analysis of line 9:
    a Excess from 2011.... 34,403
    b Excess from 2012.... 38,866
    c Excess from 2013.... 259,444
    d Excess from 2014.... 119,559
    e Excess from 2015.... 323,708
    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).)
    STEPHEN SILK
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    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
    KECK SCHOOL OF MEDICINE OF USC
    1975 ZONAL AVE
    LOS ANGELES,CA90033     		NONE 501(C)(3) GENERAL 50,000
    LAND OF THE FREE FOUNDATION
    ONE INDUSTRY HILLS PKWY
    INDUSTRY,CA91744     		NONE 501(C)(3) GENERAL 12,500
    SAN MARINO SCHOOL FOUNDATION
    1665 WEST DR
    SAN MARINO,CA91108     		NONE 501(C)(3) GENERAL 10,000
    SOUTH PASADENA SAN MARINO YMCA
    1605 GARFIELD AVE
    SOUTH PASADENA,CA91030     		NONE 501(C)(3) GENERAL 11,000
    HARLEM VILLAGE ACADEMIES
    35 W 124TH STREET
    NEW YORK,NY10027     		NONE 501(C)(3) GENERAL 50,000
    TRI-STATE TREK
    300 TECHNOLOGY SQ
    SUITE 400
    CAMBRIDGE,MA02139     		NONE 501(C)(3) GENERAL 1,000
    LA CASA DE SAN GABRIEL
    203 E MISSION RD
    SAN GABRIEL,CA91776     		NONE 501(C)(3) GENERAL 500
    SWIM WITH MIKE
    3501 WATT WAY
    HERITAGE HALL MC 203A
    LOS ANGELES,CA90089     		NONE 501(C)(3) GENERAL 1,000
    SAN MARINO COMMUNITY CHURCH
    1750 VIRGINIA RD
    SAN MARINO,CA91108     		NONE 501(C)(3) GENERAL 10,000
    LOS ANGELES WATERKEEPER
    120 BROADWAY SUITE 105
    SANTA MONICA,CA90401     		NONE 501(C)(3) GENERAL 10,000
    HUNTINGTON HOSPITAL
    100 W CALIFORNIA BLVD
    PASADENA,CA91105     		NONE 501(C)(3) GENERAL 20,000
    MARCH TO THE TOP AFRICA
    23838 PACIFIC COAST HWY
    SUITE 953
    MALIBU,CA90265     		NONE 501(C)(3) GENERAL 26,000
    HOUSE OF HOPE FOUNDATION
    820 GREENBRIER CIRCLE
    SUITE 4A
    CHESAPEAKE,VA23320     		NONE 501(C)(3) GENERAL 5,000
    ABILITY FIRST
    1300 E GREEN STREET
    PASADENA,CA91106     		NONE 501(C)(3) GENERAL 2,000
    PASADENA GUILD OF CHILDREN HOSPITAL
    4650 SUNSET BLVD
    LOS ANGELES,CA90027     		NONE 501(C)(3) GENERAL 10,000
    THE HELP GROUP
    13130 BURBANK BLVD
    SHERMAN OAKS,CA91401     		NONE 501(C)(3) GENERAL 5,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    5150 W GOLDLEAF CIRCLE
    SUITE 400
    LOS ANGELES,CA90056     		NONE 501(C)(3) GENERAL 10,000
    META FOUNDATION
    8025 MELROSE AVE
    LOS ANGELES,CA90046     		NONE 501(C)(3) GENERAL 5,000
    YOUNG LIFE
    PO BOX 520
    COLORADO SPRINGS,CO809010520     		NONE 501(C)3 GENERAL 10,000
    VILLA ESPERANZA SERVICES
    2060 EAST VILLA STREET
    PASADENA,CA91107     		NONE 501(C)3 GENERAL 11,000
    CANCER SUPPORT COMMUNITY
    1050 17TH STREET NW
    SUITE 500
    WASHINGTON,DC20036     		NONE 501(C)3 GENERAL 11,500
    CHILDREN'S BURN FOUNDATION
    5000 VAN NUYS BLVD
    SHERMAN OAKS,CA91403     		NONE 501(C)3 GENERAL 1,000
    HARAMBEE MINISTRIES
    1581 NAVARRO AVE
    PASADENA,CA91103     		NONE 501(C)3 GENERAL 1,000
    PI BETA PHI FOUNDATION
    1154 TOWN AND COUNTRY
    COMMONS
    CHESTERFIELD,MO63017     		NONE 501(C)3 GENERAL 500
    SAN MARINO HS PTSA
    2701 HUNTINGTON DRIVE
    SAN MARINO,CA91108     		NONE 501(C)3 GENERAL 1,000
    UCLA FOUNDATION
    10920 WILSHIRE BLVD 900
    LOS ANGELES,CA90024     		NONE 501(C)3 GENERAL 10,000
    USC ATHLETICS
    UNIVERSITY OF SC
    LOS ANGELES,CA90089     		NONE 501(C)3 GENERAL 20,000
    MUSCULAR DYSTROPHY
    222 S RIVERSIDE PLAZA
    SUITE 1500
    CHICAGO,IL60606     		NONE 501(C)3 GENERAL 1,000
    CITY OF HOPE LA REAL ESTATE
    949 S HOPE STREET 100
    LOS ANGELES,CA90015     		NONE 501(C)3 GENERAL 10,000
    PEPPERDINE UNIVERSITY
    24255 PACIFIC COAST HWY
    MALIBU,CA90263     		NONE 501(C)3 GENERAL 25,000
    LAANE
    464 LUCAS AVENUE
    SUITE 202
    LOS ANGELES,CA90017     		NONE 501(C)3 GENERAL 1,500
    TRUSTEES OF THE UNIV OF PA BASSER
    55 WALL STREET
    NEW YORK,NY10005     		NONE 501(C)3 GENERAL 25,000
    ORANGE COUNTY COMMUNITY FOUND
    4041 MACARTHUR BLVD 510
    NEWPORT BEACH,CA92660     		NONE 501(C)3 GENERAL 500
    UNION RESCUE MISSION
    545 S SAN PEDRO STREET
    LOS ANGELES,CA90013     		NONE 501(C)3 GENERAL 200,000
    USC WRIGLEY INSTITUTE FOR ENVIRN
    PO BOX 5069
    AVALON,CA90704     		NONE 501(C)3 GENERAL 5,000
    CHRYSALIS
    622 S MAIN ST
    LOS ANGELES,CA90013     		NONE 501(C)-3 CHARITABLE 5,000
    Total .................................bullet 3a 578,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    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 22,544  
    4 Dividends and interest from securities....     14 76,514  
    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 ............     		    26 274,078  
    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)..   373,136  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13373,136
    (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
    THE SILK FAMILY FOUNDATION
     
    Employer identification number

    20-3997071
    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
    THE SILK FAMILY FOUNDATION
          		Employer identification number
    20-3997071
    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
     
     

    STEPHEN SILK  
    1272 SHERWOOD ROAD
     
    SAN MARINO, CA91108

    		$ 620,290


    (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.)
    (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
    THE SILK FAMILY FOUNDATION
          		Employer identification number

    20-3997071
    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
    1
    		 900 SHARES - APPLE INC. $ 106,052 2015-12-01
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 50 SHARES - AMAZON COM, INC. $ 33,722 2015-12-01
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 285 SHARES - APPLE INC. $ 30,763 2015-12-30
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 750 SHARES - GILEAD SCIENCES $ 79,511 2015-12-01
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 1533 SHARES - GILEAD SCIENCES $ 157,194 2015-12-30
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 500 SHARES - PALO ALTO NETWORKS $ 93,648 2015-12-01
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    THE SILK FAMILY FOUNDATION
          		Employer identification number

    20-3997071
    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
    1
    		 2500 SHARES - VANTIV, INC. $ 119,400 2015-12-30
    (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
     
    		$    
    (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
    THE SILK FAMILY FOUNDATION
          		Employer identification number

    20-3997071
    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:  

    TY 2015 AccountingFeesSchedule
    Name:
    THE SILK FAMILY FOUNDATION
    EIN:
    20-3997071
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,111 3,111    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE SILK FAMILY FOUNDATION
    EIN:
    20-3997071
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERIPRISE FINANCIAL INC. 101,511 103,881
    DEERE & COMPANY 49,728 53,971
    EMC CORP. 100,662 88,821
    NOVARTIS CAPITAL CORP. 107,065 109,514
    TARGET CORP. 100,635 101,159
    TOTAL CAPITAL INTL. SA 100,421 101,354
    TOYOTA MOTOR CREDIT CORP. 101,588 103,262

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE SILK FAMILY FOUNDATION
    EIN:
    20-3997071
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMAZON.COM 22,036 50,692
    CHIPOTLE MEXICAN GRILL INC. 18,689 23,993
    LAS VEGAS SANDS    
    POLARIS INDS    
    PRICELINE.COM 38,502 57,373
    STARBUCKS CORP 11,720 45,023
    TRACTOR SUPPLY 7,386 53,438
    TWENTY FIRST CENTURY FOX INC.    
    COCA COLA    
    ESTE LAUDER 14,006 22,896
    CATAMARAN CORPORATION    
    JAZZ PHARMACETICALS 26,023 28,112
    NORWEGIAN CRUISE LINE HOLDINGS 39,669 42,485
    NXP SEMICONDUCTORS 28,575 33,700
    PERRIGO CO. 31,112 28,940
    MONDELEZ INTERNATIONAL 11,866 20,178
    MONSTER BEVERAGE CORP. 17,000 52,136
    WHITEWAVE FOODS, CO. 19,796 33,074
    CONCHO RESOURCES INC. 29,898 27,858
    FMC TECHNOLOGIES INC.    
    SCHLUMBERGER LTD    
    BERKSHIRE HATHEWAY 88,310 197,800
    INTERCONTINENTAL EXCHANGE INC 8,210 30,751
    ALEXION PHARMACEUTICALS 30,751 42,919
    ALIGN TECHNOLOGY, INC. 31,100 32,925
    BOSTON SCIENTIFIC CORP. 27,700 28,582
    CARDINAL HEALTH INC. 31,808 37,940
    CELGENE CORP COM 14,231 53,892
    CERNER CORP 15,852 25,572
    GILEAD SCIENCES, INC. 103,349 193,071
    TEAM HEALTH HOLDINGS, INC. 21,828 26,334
    DANAHER CORP 8,389 25,542
    FASTENAL    
    FORTUNE BRANDS HOME & SECURITY 22,289 34,688
    MIDDLEBY CORP. 29,511 29,664
    PRECISION CASTPARTS CORP    
    STERICYCLE INC. COM 33,519 44,622
    TRANSDIGM GROUP, INC. 33,840 34,268
    VERISK ANALYTICS, INC. 29,317 30,752
    ALPHABET INC. CLASS A 13,682 38,901
    ALPHABET INC. CLASS C 58,869 94,860
    UNION PACIFIC CORP    
    ACCENTURE LTD 11,230 31,350
    ALLERGAN PLC 38,337 39,063
    APPLE INC. 83,880 201,047
    FACEBOOK, INC. 53,516 94,194
    GOOGLE INC.    
    GOOGLE INC. CLASS C    
    INTUIT 6,986 14,475
    MICROSOFT CORP 32,403 53,261
    PALO ALTO NETWORKS, INC. 18,090 17,614
    QUALCOMM INC.    
    SALESFORCE INC. 21,430 31,360
    VANTIV, INC. 78,250 118,550
    SANDISC CORP    
    VISA INC. 30,240 50,408
    ECOLAB INC. 10,136 29,167
    MONSANTO CO 24,425 29,556
    PPG INDUSTRIES INC. 25,797 24,705
    ISHARES MSCI EAFE 424,415 387,552
    ISHARES TR 120,319 208,980
    ISHARES MSCI EMERGING MARKETS IND FD 203,728 153,707
    ROBECO BOSTON PARTNERS LONG/SHORT 250,000 248,666
    VANGUARD SMALL CAP VIPER 67,601 110,640
    VANGUARD REIT VIPER 201,552 235,204
    PRINCIPAL INVESTORS PREFERRED 91,908 103,401
    TEMPLETON GLOBAL BOND FUND - ADVISOR 38,789 42,676
    E-TRACS ALERIAN MLP INFRASTRUCTURE 149,452 90,461
    DJ WILSHIRE INTERNATIONAL REAL EST. 26,455 29,340
    HOME DEPOT 26,424 52,900
    DOUGLASS EMMETT INC.    
    ABERDEEN GLOBAL HIGH INCOME 76,273 63,212
    PUTNAM FLOATING RATE 223,583 205,814
    PIMCO EMERGING LOCAL BOND FUND INT.    
    PIMCO FOREIGN BOND FUND 100,000 93,052
    CONSTELLATION BRANDS INC. 29,783 42,732
    MCGRAW-HILL FINANCIAL INC. 31,556 34,503
    NIKE INC. CLASS B 28,637 31,250

    TY 2015 OtherAssetsSchedule
    Name:
    THE SILK FAMILY FOUNDATION
    EIN:
    20-3997071
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE 8,439 920 920
    UNSETTLED TRADES IN TRANSIT 961    


    TY 2015 OtherDecreasesSchedule
    Name:
    THE SILK FAMILY FOUNDATION
    EIN:
    20-3997071
    Description Amount
    UNREALIZED LOSSES 281,342


    TY 2015 OtherExpensesSchedule
    Name:
    THE SILK FAMILY FOUNDATION
    EIN:
    20-3997071
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    AGENCY FEES 39,030 39,030    
    BOND AMORTIZATION 2,239 2,239    
    BANK CHARGES 25 25    


    TY 2015 OtherIncreasesSchedule
    Name:
    THE SILK FAMILY FOUNDATION
    EIN:
    20-3997071
    Description Amount
    NON-DIVIDEND DIST. 5,561
    OTHER BOOK/TAX 630


    TY 2015 TaxesSchedule
    Name:
    THE SILK FAMILY FOUNDATION
    EIN:
    20-3997071
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,814 1,814    
    CA FILINGS FEES 160 160    
    FEDERAL TAXES 20,000