Form990-PF
Click to see attachment

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 ARGOSY FOUNDATION
CO LAWRENCE I SILVERSTEIN ESQ
Number and street (or P.O. box number if mail is not delivered to street address)MORGAN LEWIS BOCKIUS LLP
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ONE FEDERAL ST BOSTON, MA02110
A Employer identification number

04-6752868
B Telephone number (see instructions)

(617) 720-5800
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$14,210,013J 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) 400,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 134 134 134
4 Dividends and interest from securities... 500 500 500
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 15,535,842
b Gross sales price for all assets on line 6a 15,535,842
7 Capital gain net income (from Part IV, line 2)... 15,535,842
8 Net short-term capital gain......... 15,535,842
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 5,625 5,625  
12 Total. Add lines 1 through 11........ 15,942,101 15,542,101 15,536,476
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 14,942     14,942
14 Other employee salaries and wages...... 275,216     275,216
15 Pension plans, employee benefits....... 73,428     73,428
16a Legal fees (attach schedule)......... Click to see attachment 225     225
b Accounting fees (attach schedule)....... Click to see attachment 48,671 4,265   44,406
c Other professional fees (attach schedule).... Click to see attachment 5,759     5,759
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 12,376    
20 Occupancy.............. 34,168     34,168
21 Travel, conferences, and meetings....... 45,537     45,537
22 Printing and publications.......... 163     163
23 Other expenses (attach schedule)....... Click to see list of attachments 76,585     76,585
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 587,070 4,265   570,429
25 Contributions, gifts, grants paid....... 6,062,117 6,062,117
26 Total expenses and disbursements. Add lines 24 and 25 6,649,187 4,265   6,632,546
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,292,914
b Net investment income (if negative, enter -0-) 15,537,836
c Adjusted net income (if negative, enter -0-)... 15,536,476
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............. 440,742 249,163 249,163
2 Savings and temporary cash investments......... 167,575    
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 11,953,064    
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)..........   Click to see attachment13,658,021 13,658,021
14 Land, buildings, and equipment: basis bullet129,461
Less: accumulated depreciation (attach schedule) bullet76,632 58,782 Click to see attachment52,829 52,829
15 Other assets (describe bullet) Click to see attachment250,000 Click to see attachment250,000 Click to see attachment250,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,870,163 14,210,013 14,210,013
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 3,000,000 Click to see attachment7,000,000
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 3,000,000 7,000,000
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 9,870,163 7,210,013
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    
30 Total net assets or fund balances (see instructions)..... 9,870,163 7,210,013
31 Total liabilities and net assets/fund balances (see instructions). 12,870,163 14,210,013
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
9,870,163
2
Enter amount from Part I, line 27a .....................
2
9,292,914
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
19,163,077
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
11,953,064
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
7,210,013
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 Publicly Held Securities P 2014-01-01 2015-01-01
b
c
d
e
(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 15,535,842     15,535,842
b
c
d
e
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       15,535,842
b
c
d
e
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 15,535,842
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 15,535,842
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 6,077,488 13,820,840 0.43973
2013 5,364,319 14,419,914 0.37201
2012 4,919,587 15,977,735 0.30790
2011 4,145,262 21,859,893 0.18963
2010 2,994,644 24,221,784 0.12363
2
Total of line 1, column (d) .....................
21.432908
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
0.286582
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
16,754,143
5
Multiply line 4 by line 3......................
5
4,801,436
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
155,378
7
Add lines 5 and 6........................
7
4,956,814
8
Enter qualifying distributions from Part XII, line 4.............
8
6,632,546
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 1 155,378
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........................... 3 155,378
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- ..... 5 155,378
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 26,662
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 135,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 161,662
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 1,572
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 4,712
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,712 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
 
No
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)
    bulletMA
    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 addressbulletWWW.ARGOSYFND.ORG
    14
    The books are in care ofbulletANASTASIOS PARAFESTAS Telephone no.bullet (617) 720-5800

    Located atbulletTHE BOLLARD GROUP LLC ONE JOY STBOSTONMA ZIP+4bullet02108
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    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
    JOHN E ABELE Trustee
    1.00     		0    
    C/O LAWRENCE I SILVERSTEIN
    BOSTON,MA02110
    MARY S ABELE Trustee
    1.00     		0    
    C/O LAWRENCE I SILVERSTEIN
    BOSTON,MA02110
    CHRISTOPHER S ABELE Trustee
    1.00     		0    
    555 E WELLS STREET STE 1650
    MILWAUKEE,WI53202
    JENNIFER L ABELE CEO/TRUSTEE
    40.00     		1,637 13,305  
    555 E WELLS STREET STE 1650
    MILWAUKEE,WI53202
    LAWRENCE I SILVERSTEIN ESQ Legal Rep
    0.00     		0    
    MORGAN LEWIS BOCKIUS LLP
    ONE FEDERAL ST BOSTON,MA02110
    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
    EMILY VAN DUNK executive director
    40.00     		125,050 14,467  
    555 E WELLS ST SUITE 1650
    MILWAUKEE,WI53202
    CHERYL SYKORA EXEC ASSISTANT
    40.00     		78,050 14,696  
    555 E WELLS ST SUITE 1650
    MILWAUKEE,WI53202
    ISABELLA GARGIULO PROGRAM ASSISTANT
    40.00     		48,800 20,329  
    555 E WELLS ST SUITE 1650
    MILWAUKEE,WI53202
    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  
    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
    13,807,704
    b
    Average of monthly cash balances.......................
    1b
    3,201,578
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,009,282
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    17,009,282
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    255,139
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    16,754,143
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    837,707
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    837,707
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    155,378
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    155,378
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    682,329
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    682,329
    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
    682,329
    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
    6,632,546
    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
    6,632,546
    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
    155,378
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,477,168
    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 7 682,329
    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...... 1,602,948
    b From 2011...... 3,112,241
    c From 2012...... 4,226,098
    d From 2013...... 4,659,399
    e From 2014...... 5,425,552
    fTotal of lines 3a through e........ 19,026,238
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 6,632,546
    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)........     		0
    d Applied to 2015 distributable amount..... 682,329
    e Remaining amount distributed out of corpus 5,950,217
    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 24,976,455
    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) ...     		1,602,948
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		23,373,507
    10 Analysis of line 9:
    a Excess from 2011.... 3,112,241
    b Excess from 2012.... 4,226,098
    c Excess from 2013.... 4,659,399
    d Excess from 2014.... 5,425,552
    e Excess from 2015.... 5,950,217
    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).)
    JOHN E ABELE
    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:
     
    bThe form in which applications should be submitted and information and materials they should include:
    THE ARGOSY FOUNDATION DOES NOT ACCEPT ANY UNSOLICITED APPLICATIONS
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    AMERICAN INDIAN COLLEGE FUND
    8333 GREENWOOD BLVD
    DENVER,CO80221     		None 501(c)(3) TO SUPPORT SCHOLARSHIPS 25,000
    Amherst College
    220 S Pleasant St
    Amherst,MA01002     		None 501(c)(3) to provide general operating support 25,000
    BEREA COLLEGE
    CPO 2182
    BEREA,KY40404     		None 501(c)(3) To support interfaith programs 5,000
    Boston University College of Engine
    44 Cummington Mall
    BOSTON,MA02215     		None 501(c)(3) to support STEM 25,000
    BOYS GIRLS CLUBS OF GREATER MILWAUK
    1558 NORTH 6TH STREET
    MILWAUKEE,WI53212     		None 501(c)(3) TO SUPPORT AN EVENT 25,000
    CENTER FOR WHOLE COMMUNITIES
    700 BRAGG HILL ROAD
    FAYSTON,VT05673     		None 501(c)(3) To support sustainability and economic development 5,000
    CHAMPLAIN VALLEY OFFICE OF ECONOMIC
    PO BOX 1603
    BURLINGTON,VT05402     		None 501(c)(3) TO SUPPORT THE FOOD SHELF AND HEATING ASSISTANCE 100,000
    CONSERVATION COLORADO
    1536 WYNKOOP SUITE 510
    DENVER,CO80202     		None 501(c)(3) TO SUPPORT AN EDUCATION PROGRAM 5,000
    FRANKLIN W OLIN COLLEGE OF ENGINEER
    1000 OLIN WAY
    NEEDHAM,MA02492     		None 501(c)(3) to support a faculty exchange program 232,520
    FIRST
    200 Bedford St
    Manchester,NH03101     		None 501(c)(3) TO SUPPORT STEM 125,000
    FIRST 2
    200 Bedford St
    Manchester,NH03101     		None 501(c)(3) TO SUPPORT STEM 100,000
    Greater Burlington YMCA
    266 College St
    Burlington,VT05401     		None 501(c)(3) to support a capital campaign 200,000
    INTERCAMBIO DE COMUNIDADES
    4735 WALNUT ST SUITE B
    BOULDER,CO80301     		None 501(c)(3) To support a program 10,000
    KING STREET CENTER
    PO BOX 1615
    BURLINGTON,VT05402     		None 501(c)(3) TO SUPPORT A CAPITAL CAMPAIGN 50,000
    LAMBI FUND OF HAITI
    1050 Connecticut Ave
    WASHINGTON,DC20036     		None 501(c)(3) TO SUPPORT GENERAL OPERATIONING SUPPORT 50,000
    LIVING LANDS AND WATERS RESTORATION
    17624 ROUTE 84 N GREAT RIVER ROAD
    EAST MOLINE,IL61244     		None 501(c)(3) to support an environmental project 15,000
    MILWAUKEE FILM INC
    229 E WISCONSIN AVE SUITE 300
    MILWAUKEE,WI53202     		None 501(c)(3) TO PROVIDE GENERAL OPERATING SUPPORT 50,000
    MILWAUKEE INSTITUTE OF ART AND DESI
    273 E ERIE ST
    MILWAUKEE,WI53202     		None 501(c)(3) to support a special project 25,000
    MILWAUKEE SYMPHONY ORCHESTRA INC
    700 NORTH WATER STREET SUITE 700
    MILWAUKEE,WI53202     		None 501(c)(3) To Provide General operating support 250,000
    MONTSHIRE MUSEUM OF SCIENCE
    ONE MONTSHIRE ROAD
    NORWICH,VT05055     		None 501(c)(3) To support youth programs 26,000
    Nursing Students for Choice
    2300 Myrtle Ave
    St Paul,MN55114     		None 501(c)(3) TO PROVIDE GENERAL OPERATING SUPPORT 60,000
    Oxfam America
    226 Causeway St 5th Floor
    boston,MA02114     		None 501(c)(3) TO PROVIDE GENERAL OPERATING SUPPORT 15,000
    PLANNED PARENTHOOD OF WISCONSIN
    302 NORTH JACKSON STREET
    MILWAUKEE,WI53202     		None 501(c)(3) to support health programs 50,000
    ROCKY MOUNTAIN INSTITUTE
    1820 FOLSOM STREET
    BOULDER,CO80302     		None 501(c)(3) TO SUPPORT A FELLOWSHIP PROGRAM 7,100
    ROCKY MOUNTAIN INSTITUTE 2
    1820 FOLSOM STREET
    BOULDER,CO80302     		None 501(c)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 50,000
    THE COMMON GOOD INSTITUTE INC
    ONE METROTECH CENTER SUITE 1703
    BROOKLYN,NY11201     		None 501(c)(3) TO PROVIDE GENERAL OPERATING SUPPORT 25,000
    THE MUSEUM OF SCIENCE - BOSTON
    ONE SCIENCE PARK
    BOSTON,MA02114     		None 501(c)(3) TO PROVIDE GENERAL OPERATING SUPPORT 25,000
    UNITED PERFORMING ARTS FUND INC
    301 W WISCONSIN AVE SUITE 600
    MILWAUKEE,WI53203     		None 501(c)(3) TO SUPPORT UPAF'S ANNUAL CAMPAIGN 25,000
    UNITED WAY OF CHITTENDEN COUNTY
    412 FARRELL STREET SUITE 200
    SOUTH BURLINGTON,VT05403     		None 501(c)(3) TO SUPPORT GENERAL OPERATIONS 10,000
    VERMONT FOODBANK
    33 PARKER ROAD
    BARRE,VT05641     		None 501(c)(3) To provide general operating support 80,000
    Boulder Shelter for the Homeless
    4869 Broadway St
    Boulder,CO80304     		None 501(c)(3) TO SUPPORT PROGRAMS FOR THE HOMELESS 10,000
    BOYS GIRLS CLUB OF AMERICA
    1275 PEACHTREE STREET NE
    ATLANTA,GA30309     		None 501(c)(3) TO SUPPORT AN INITIATIVE 666,667
    CENTER FOR BIOLOGICAL DIVERSITY
    PO BOX 710
    TUCSON,AZ85702     		None 501(c)(3) To support AN ENVIRONMENTAL PROJECT 25,000
    CENTER FOR BIOLOGICAL DIVERSITY
    PO BOX 710
    TUCSON,AZ85702     		None 501(c)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 20,000
    Conservation Law Foundation
    62 SUMMER STREET
    boston,MA02110     		None 501(c)(3) To Provide General operating support 20,000
    FOREST ETHICS
    1 HAIGHT ST
    SAN FRANCISCO,CA94102     		None 501(c)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 50,000
    Habitat for Humanity International
    270 PEACHTREE STREET NW 1300
    ATLANTA,GA30303     		None 501(c)(3) TO SUPPORT A DISASTER RELIEF GRANT 20,000
    Habitat for Humanity International
    240 COMMERCIAL ST 4TH FL
    BOSTON,MA02109     		None 501(c)(3) TO SUPPORT THE HABITAT AMERICORPS ALUMNI ASSOCIATION 150,000
    Planned Parenthood of the Rocky Mtn
    7155 E 38TH AVE
    DENVER,CO80207     		None 501(c)(3) TO SUPPORT HEALTH PROGRAMS 30,000
    Schools That Can Milwaukee
    111 W PLEASANT ST SUITE 101
    MILWAUKEE,WI53212     		None 501(c)(3) To provide general operating support 50,000
    University of Wisconsin Milwaukee F
    1440 E NORTH AVENUE
    MILWAUKEE,WI53202     		None 501(c)(3) TO SUPPORT WUWM 50,000
    BOYS GIRLS CLUB OF GREATER MKE 2
    1558 NORTH 6TH STREET
    MILWAUKEE,WI53212     		None 501(c)(3) TO SUPPORT A CAMPAIGN 500,000
    ATTENTION INC
    1443 SPRUCE ST
    BOULDER,CO80302     		None 501(c)(3) To support programs for the homeless 10,000
    HANDS TO HONDURAS
    190 RED RAIL LANE
    CHARLOTTE,VT05445     		None 501(c)(3) TO SUPPORT BUILDING A NICU IN HONDURAS 15,000
    PUBLIC CONVERSATIONS PROJECT
    46 KONDAZIAN STREET
    WATERTOWN,MA02472     		None 501(c)(3) TO PROVIDE GENERAL OPERATING SUPPORT 5,000
    COMMUNITIES FOR A BETTER ENVIRONMEN
    6325 PACIFIC BLVD SUITE 300
    HUNTINGTON PARK,CA90255     		None 501(C)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 50,000
    CONSERVATION COLORADO EDUCATION FUN
    1536 WYNKOOP STREET STE 510
    DENVER,CO80202     		None 501(C)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 40,000
    CONSERVATION LAW FOUNDATION 2
    62 SUMMER STREET
    BOSTON,MA02110     		None 501(C)(3) TO PROVIDE GENERAL OPERATING SUPPORT 20,000
    ECHO AT THE LEAHY CTR FOR LAKE CHAM
    1 COLLEGE STREET
    BURLINGTON,VT05401     		None 501(C)(3) To support an environmental project 240,000
    FIRST 3
    200 BEDFORD STREET
    MANCHESTER,NH03101     		None 501(C)(3) TO SUPPORT STEM 40,000
    FIRST 4
    200 BEDFORD STREET
    MANCHESTER,NH03101     		None 501(C)(3) TO SUPPORT A ROBOTICS PROGRAM FOR CHILDREN 25,000
    FIRST 5
    200 BEDFORD STREET
    MANCHESTER,NH03101     		None 501(C)(3) TO SUPPORT STEM 25,000
    FRESH ENERGY
    408 SAINT PETER STREET 220
    SAINT PAUL,MN55102     		None 501(C)(3) TO SUPPORT A COMMUNICATIONS PROJECT 50,000
    MILWAUKEE SCHOOL OF ENGINEERING
    1025 BROADWAY AVENUE
    MILWAUKEE,WI53202     		None 501(C)(3) TO SUPPORT STEM 54,000
    NATURE CONSERVANCY INC
    2424 SPRUCE STREET
    BOULDER,CO80302     		None 501(C)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 50,000
    ROCKETSHIP EDUCATION
    350 TWIN DOLPHIN DRIVE SUITE 109
    REDWOOD CITY,CA94065     		None 501(C)(3) to support an education program 25,000
    URBAN ECOLOGY CENTER
    Riverside park
    MILWAUKEE,WI53211     		None 501(C)(3) to support education programming 60,000
    WESTERN RESOURCE ADVOCATES 2
    2260 BASELINE RD SUITE 200
    BOULDER,CO80302     		None 501(C)(3) to support an environmental project 50,000
    Fresh Water Future
    PO Box 2479
    Petoskey,MI49770     		None 501(c)(3) To support an environmental project 20,000
    Institute for Local Self-Reliance
    2720 E 22nd Street
    Minneapolis,MN55406     		None 501(c)(3) to provide general operating support 2,500
    Michigan Science Center
    5020 John R Street
    Detroit,MI48202     		None 501(C)(3) to provide general operating support 25,000
    Minneapolis Foundation
    800 IDS Center
    Minneapolis,MN55402     		None 501(C)(3) to support environmental projects 250,000
    Oklahoma FIRST
    c/o US FIRST 200 Bedford Street
    Manchester,NH03101     		None 501(C)(3) to support STEM 121,000
    Shelburne Museum
    5555 Shelburne Road
    Shelburne,VT05482     		None 501(C)(3) to support general operations 25,000
    FIRST in Michigan
    32811 Middlebelt Road Suite F
    Farmington Jills,MI48334     		None 501(C)(3) to support STEM 25,000
    AAAS
    1200 New York Avenue NW
    Washington,DC20005     		None 501(C)(3) to support a fellowship program 100,000
    30th Street Corridor
    3536 W Fond du Lac Avenue
    Milwaukee,WI53216     		None 501(c)(3) to support an environmental project 20,000
    Access Esperanza Clinics Inc
    916 East Hackberry Street
    McAllen,TX78501     		None 501(c)(3) to support health programs 50,000
    Albert Vivian Puzey Foundation
    PO Box 163
    Essex Junction,VT05453     		None 501(C)(3) to support an environmental program 5,000
    American Rivers Inc
    120 Union Street
    Nevada City,CA95959     		None 501(C)(3) to support an environmental project 50,000
    Andover Newton Theological School
    210 Herrick Road
    Newton Centre,MA02459     		None 501(c)(3) to support theological program 5,100
    Arkansas FIRST Inc
    35 Studio Lane
    Mountain Home,AR72653     		None 591(c)(3) to support STEM program 10,000
    Association of State Floodplain Man
    575 DOnofrio Drive Suite 200
    Madison,WI53719     		None 501(c)(3) to support an environmental project 50,000
    Bravo Youth Orchestra
    PO Box 17356
    Portland,OR97217     		None 501(c)(3) to support programs 5,000
    California Water Foundation
    555 Capitol Mall Suite 1095
    Sacramento,CA95814     		None 501(c)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 50,000
    COLOR
    PO BOX 40991
    Denver,CO80204     		None 501(c)(3) to support health programs 25,000
    Common Ground Communities Inc
    d/b/a Community Solutions
    New York,NY10038     		None 501(c)(3) to support programs 50,000
    Cuban American Friendship Society
    PO Box 8486
    Burlington,VT05402     		None 501(c)(3) to support a program 150,000
    East Troy Middle School
    3143 Graydon Avenue
    East Troy,WI53120     		None 501(c)(3) to support STEM 30,000
    ECHO AT THE LEAHY CTR FOR LAKE CHAM
    1 COLLEGE STREET
    BURLINGTON,VT05401     		None 501(C)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 5,090
    ECHO AT THE LEAHY CTR FOR LAKE CHAM
    1 COLLEGE STREET
    BURLINGTON,VT05401     		None 501(C)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 80,000
    ENVIRONMENTAL LEARNING FOR KIDS
    PO BOX 21679
    DENVER,CO80221     		None 501(C)(3) TO SUPPORT ENVIRONMENTAL EDUCATION PROJECTS 44,940
    FIRST NEVADA
    PO BOX 33565
    LAS VEGAS,NV89133     		None 501(C)(3) TO SUPPORT STEM 14,000
    GEORGIA FIRST
    880 MARIETTA HIGHWAY
    ROSWELL,GA30075     		None 501(C)(3) TO SUPPORT STEM 10,000
    GRID ALTERNATIVES
    1171 OCEAN AVENUE SUITE 200
    OAKLAND,CA94608     		None 501(C)(3) TO PROVIDE GENERAL OPERATING SUPPORT 2,500
    MILWAUKEE MARATHON INC
    27351 FOXHAVEN DRIVE
    WIND LAKE,WI53185     		None 501(C)(3) TO PROVIDE GENERAL OPERATING SUPPORT 25,000
    NATIONAL LATINA INST FOR REPR HEALT
    50 BROAD STREET SUITE 1937
    NEW YORK,NY10004     		None 501(C)(3) TO SUPPORT HEALTH PROGRAMS 50,000
    NC FIRST ROBOTICS
    PO BOX 5715
    GREENSBORO,NC27435     		None 501(C)(3) TO SUPPORT STEM 62,500
    PLANNED PARENTHOOD OF THE ROCKY MTN
    7155 E 38TH AVENUE
    DENVER,CO80207     		None 501(C)(3) TO SUPPORT HEALTH PROGRAMS 5,000
    PRESERVATION TRUST OF VERMONT
    PO BOX 8502
    BURLINGTON,VT05402     		None 501(3)(3) TO SUPPORT AN ENVIRONMENTAL PROGRAM 100,000
    RADIO FOR MILWAUKEE
    220 E PITTSBURGH AVENUE
    MILWAUKEE,WI53204     		None 501(C)(3) TO SUPPORT A COMMUNITY PROJECT 25,000
    RENEW WISCONSIN
    222 S HAMILTON STREET
    MADISON,WI53703     		None 501(C)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 140,000
    RIVER REVITALIZATION FOUNDATION
    2134 N RIVERBOAT ROAD
    MILWAUKEE,WI53212     		None 501(C)(3) TO PROVIDE GENERAL OPERATING SUPPORT 75,000
    RIVERSIDE UNIV HIGH SCHOOL FOUNDATI
    1615 E LOCUST STREET
    MILWAUKEE,WI53211     		None 501(C)(3) TO SUPPORT A ROBOTICS MATCHING PROGRAM 3,170
    RIVERSIDE UNIV HIGH SCHOOL FOUNDATI
    1615 E LOCUST STREET
    MILWAUKEE,WI53211     		None 501(C)(3) TO SUPPORT A ROBOTICS PROGRAM MATCHING PROGRAM 30
    ROCKY MOUNTAIN INSTITUTE 3
    1820 FOLSOM STREET
    BOULDER,CO80302     		None 501(C)(3) TO SUPPORT AN ENVIRONMENTAL PROJECT 45,000
    UNITED WAY OF GREATER MILW WAUK CTY
    225 WEST VINE STREET
    MILWAUKEE,WI53212     		None 501(C)(3) TO SUPPORT A YOUTH HEALTH PROJECT 50,000
    VERMONT HUMANITIES COUNCIL
    11 LOOMIS STREET
    MONTPELIER,VT05602     		None 501(C)(3) TO SUPPORT VETERANS program 20,000
    WASHINGTON FIRST ROBOTICS
    21238 68TH AVENUE SOUTH
    KENT,WA98032     		None 501(C)(3) TO SUPPORT STEM 125,000
    WISCONSIN FIRST
    C/O US FIRST- BEDFORD STREET
    MANCHESTER,NH03101     		None 501(C)(3) TO SUPPORT STEM 65,000
    Total .................................bullet 3a 6,062,117
    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 ...........     		    14 134  
    4 Dividends and interest from securities....     14 500  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 15,535,842  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    ainterest income-pri loan     		        5,625
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   15,536,476 5,625
    13Total. Add line 12, columns (b), (d), and (e)..................
    1315,542,101
    (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: 15000324
    Software Version: 2015v2.0


    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 ARGOSY FOUNDATION
    CO LAWRENCE I SILVERSTEIN ESQ
    Employer identification number

    04-6752868
    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 ARGOSY FOUNDATION
    CO LAWRENCE I SILVERSTEIN ESQ         		Employer identification number
    04-6752868
    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
     
     

    Christopher S Abele  
    555 E WELLS STREET STE 1650
     
    MILWAUKEE, WI53202

    		$ 200,000


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

    JENnifer L ABELE  
    555 E WELLS STREET STE 1650
     
    MILWAUKEE, WI53202

    		$ 200,000


    (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
    THE ARGOSY FOUNDATION
    CO LAWRENCE I SILVERSTEIN ESQ         		Employer identification number

    04-6752868
    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
     
    		$    
    (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 ARGOSY FOUNDATION
    CO LAWRENCE I SILVERSTEIN ESQ         		Employer identification number

    04-6752868
    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: 15000324
    Software Version: 2015v2.0

    TY 2015 AccountingFeesSchedule
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 48,671 4,265 0 44,406

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

    TY 2015 DepreciationSchedule
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0
    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
    servers 2012-05-01 2,206 1,176 SL 5.0000 441      
    computer 2012-08-01 1,343 1,082 SL 3.0000 261      
    computer 2012-08-01 1,342 1,080 SL 3.0000 262      
    computer 2012-08-01 1,342 1,080 SL 3.0000 262      
    lenovo laptop 2013-06-06 1,199 633 SL 3.0000 400      
    logo design 2005-10-30 10,000 6,115 SL 15.0000 667      
    intern desks 2013-07-25 3,110 629 SL 7.0000 444      
    intern storage cabinets 2013-10-10 1,059 189 SL 7.0000 151      
    conference room table 2013-10-10 7,266 1,298 SL 7.0000 1,038      
    conference room credenz 2013-10-10 6,665 1,190 SL 7.0000 952      
    web design 2005-03-16 15,000 9,750 SL 15.0000 1,000      
    web design 2005-06-01 5,849 3,738 SL 15.0000 390      
    web design 2005-12-30 3,525 2,115 SL 15.0000 235      
    web design 2006-01-01 4,500 2,550 SL 15.0000 300      
    web design 2006-04-30 858 485 SL 15.0000 57      
    web design 2006-05-31 35,362 20,043 SL 15.0000 2,357      
    web design 2006-07-31 1,875 1,063 SL 15.0000 125      
    web design 2006-08-21 8,570 4,858 SL 15.0000 571      
    web design 2013-10-30 3,206 250 SL 15.0000 214      
    ipad case 2014-01-24 83 25 SL 3.0000 28      
    IPAD 2014-01-24 527 161 SL 3.0000 176      
    LENOVO LAPTOPS 2014-02-28 2,532 703 SL 3.0000 844      
    LENOVO LAPTOP 2014-04-04 956 239 SL 3.0000 319      
    LENOVO LAPTOP 2014-06-26 862 144 SL 3.0000 287      
    APPLE KEYBOARDS 2014-11-26 146 4 SL 3.0000 49      
    iPad 2015-02-23 761   SL 3.0000 211      
    Desktop 2015-08-24 2,462   SL 3.0000 274      
    Logo design 2015-03-06 600   SL 15.0000 33      
    Logo Design 2015-08-07 600   SL 15.0000 17      
    Web Design 2015-12-04 2,000   SL 15.0000 11      

    TY 2015 GeneralExplanationAttachment
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF FORM 990-PF, PART VII-B, LINE 1a(2)LOAN FROM A DISQUALIFIED PERSONINTERNAL REVENUE CODE SECTION 4941(d)(2)(B), A LOAN FROM A DISQUALIFIED PERSON TO A PRIVATE FOUNDATION IS NOT CONSIDERED AN ACT OF SELF-DEALING.PLEASE SEE STATEMENT 10 FOR ADDITIONAL DETAIL REGARDING THE LOAN TO THE FOUNDATION FROM A DISQUALIFIED PERSON.

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS FMV 13,658,021 13,658,021

    TY 2015 LandEtcSchedule2
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 21,755 9,547 12,208 12,208
    Machinery and Equipment 15,760 10,140 5,620 5,620
    Miscellaneous 91,946 56,945 35,001 35,001


    TY 2015 LegalFeesSchedule
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 225 0 0 225


    TY 2015 LoansFromOfficersSchedule
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0

    Item No. 1
    Lender's Name JOHN E ABELE
    Lender's Title TRUSTEE
    Original Amount of Loan 3000000
    Balance Due  
    Date of Note 2014-08
    Maturity Date 2015-05
    Repayment Terms DUE IN FULL UPON MATURITY
    Interest Rate  
    Security Provided by Borrower NONE
    Purpose of Loan  
    Description of Lender Consideration CASH
    Consideration FMV  

    Item No. 2
    Lender's Name JOHN E ABELE
    Lender's Title TRUSTEE
    Original Amount of Loan 7000000
    Balance Due 7000000
    Date of Note 2015-12
    Maturity Date 2016-12
    Repayment Terms DUE IN FULL UPON MATURITY
    Interest Rate  
    Security Provided by Borrower NONE
    Purpose of Loan  
    Description of Lender Consideration CASH
    Consideration FMV  


    TY 2015 OtherAssetsSchedule
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRI - Mile High Commnity Loan Fund 125,000 125,000 125,000
    PRI - WI Preservation Fund 125,000 125,000 125,000


    TY 2015 OtherExpensesSchedule
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOOKS AND SUBSCRIPTIONS 947     947
    Equipment Rental And Maintenance 3,651     3,651
    information technology 14,162     14,162
    Insurance 15,796     15,796
    MA FILING FEE 35     35
    MEMBERSHIP DUES 17,023     17,023
    Other Expenses 6,685     6,685
    PARKING 6,960     6,960
    POSTAGE AND DELIVERY 895     895
    SUPPLIES 1,325     1,325
    TELEPHONE 9,106     9,106


    TY 2015 OtherIncomeSchedule2
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    interest income-pri loan 5,625 5,625  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE ARGOSY FOUNDATION
     
    CO LAWRENCE I SILVERSTEIN ESQ
    EIN:
    04-6752868
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANT MANAGEMENT 2,254 0 0 2,254
    other professional fees 1,946 0 0 1,946
    payroll processing 1,559 0 0 1,559