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 SPECTER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)718 MERION SQUARE ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GLADWYNE, PA19035
A Employer identification number

38-7076393
B Telephone number (see instructions)

(610) 547-7345
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$6,052,767J 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) 8,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 117,192 100,935  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,385
b Gross sales price for all assets on line 6a 1,758,218
7 Capital gain net income (from Part IV, line 2)... 7,385
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........ 132,577 108,320  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 8,000 4,000   4,000
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 26,335 2,230   0
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 2,105 1,255   850
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 36,440 7,485   4,850
25 Contributions, gifts, grants paid....... 705,395 705,395
26 Total expenses and disbursements. Add lines 24 and 25 741,835 7,485   710,245
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -609,258
b Net investment income (if negative, enter -0-) 100,835
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.............   366 366
2 Savings and temporary cash investments......... 434,323 305,332 305,332
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).......      
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment6,221,345 Click to see attachment5,715,430 Click to see attachment5,747,069
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,655,668 6,021,128 6,052,767
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 6,655,668 6,021,128
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)..... 6,655,668 6,021,128
31 Total liabilities and net assets/fund balances (see instructions). 6,655,668 6,021,128
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
6,655,668
2
Enter amount from Part I, line 27a .....................
2
-609,258
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,046,410
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
25,282
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
6,021,128
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 401.919 shs Blackrock Fund II Floating Rate Income Porfolio P 2015-07-01 2015-12-15
b 400.766 shs Blackrock Fund II Floating Rate Income Portfolio P 2015-01-02 2015-12-15
c 1167.117 shs Fairholme Fund P 2014-12-17 2015-01-30
d 552.35 shs Harris Assoc Invt Tr Class I Oakmark Intl Fd P 2014-12-19 2015-03-27
e 3.46 shs Matthews Asia Dividend Fund 0809 P 2015-03-19 2015-03-27
51.144 shs Matthews Asia Dividend Fund 0809 P 2014-06-19 2015-03-27
8434 shs Powershares DB Commodity Index Tracking Fund P 2014-12-17 2015-01-30
2494.674 shs Goodhaven Fund FD 1180 P 2014-12-17 2015-01-30
5709.467 shs Touchstone Sands Capital Institutional Growth P 2014-12-12 2015-01-30
1203 shs Wisdomtree Emerging Markets High Dividend Fund ETF P 2014-12-17 2015-01-30
1184 shs Wisdomtree International High Dividend Fund ETF P 2014-12-17 2015-03-27
50000 shs Allegheny Cnty PA Hosp Dev Aut Univ Pitts Rev P 2013-02-19 2015-08-15
18591.789 Blackrock Fund II Floating Rate Income Portfolio P 2013-01-30 2015-12-15
50000 shs Essex Cnty NJ ser A go Mbia P/R 5/1/15 @100 P 2013-02-22 2015-05-01
2572.5 shs Fairholme Fund P 2013-01-30 2015-01-30
8282.623 shs Harris Assoc Invt Tr Class I Oakmark Intl Fd P 2013-01-30 2015-03-27
2987.907 shs Matthews Asia Dividend Fund 0809 P 2013-01-30 2015-03-27
50000 shs Nevada St Ctfs Real PPty Corp P 2013-02-26 2015-07-01
50000 shs New York NY Ref go P/R 06/01/15 @ 100 P 2013-02-14 2015-06-01
2814.604 shs Goodhaven Fund FD 1180 P 2013-01-30 2015-01-30
50000 shs San Antonio Tex Elec & Gas Ref Rev Bnds Call 02/01/15 @10 P 2013-02-19 2015-02-01
25000 shs Schuylkill Cnty PA Go P 2013-02-27 2015-09-01
5850.396 shs Touchstone Sands Capital Institutional Growth P 2013-01-30 2015-01-30
50000 shs West Chester PA Area Sch Dist Ref Go P/R 11/15/15 @100 P 2013-02-22 2015-11-15
50000 shs Westmoreland Cnty PA Mun Auth Svc Rev FSA p/r 08/15/15 @10 P 2013-02-22 2015-08-15
901 shs Wisdomtree Emerging Markets High Dividend Fund ETF P 2013-01-30 2015-01-30
1183 shs Wisdomtree International High Dividend Fund ETF P 2013-03-19 2015-03-27
50000 shs York Cnty PA Go P 2013-02-12 2015-06-01
PTP ADJUSTMENT - ST P 2014-12-22 2015-01-30
POWERSHARES DB COMMODITY INDEX TRACKING FUND - PTP P 2014-12-22 2015-01-30
Capital Gains Dividends P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 3,975   4,085 -110
b 3,964   4,125 -161
c 36,745   42,588 -5,843
d 13,875   13,024 851
e 57   56 1
843   823 20
146,719   162,018 -15,299
55,930   64,233 -8,303
122,468   124,372 -1,904
49,907   50,350 -443
51,949   50,152 1,797
50,000   50,000 0
183,873   194,474 -10,601
50,000   50,000 0
80,991   92,789 -11,798
208,059   192,067 15,992
49,271   45,193 4,078
50,000   50,000 0
50,000   50,000 0
63,103   74,325 -11,222
50,000   50,000 0
25,000   25,000 0
125,491   109,330 16,161
50,000   50,000 0
50,000   50,000 0
37,379   48,824 -11,445
51,905   49,769 2,136
50,000   50,000 0
3,233 0   3,233
    3,236 -3,236
43,481     43,481
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       -110
b       -161
c       -5,843
d       851
e       1
      20
      -15,299
      -8,303
      -1,904
      -443
      1,797
      0
      -10,601
      0
      -11,798
      15,992
      4,078
      0
      0
      -11,222
      0
      0
      16,161
      0
      0
      -11,445
      2,136
      0
      3,233
      -3,236
      43,481
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 7,385
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 316,764 5,396,037 0.058703
2013 221,513 4,992,398 0.044370
2012 0 4,925,000 0.000000
2011      
2010      
2
Total of line 1, column (d) .....................
20.103073
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
0.034358
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
6,256,861
5
Multiply line 4 by line 3......................
5
214,973
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,008
7
Add lines 5 and 6........................
7
215,981
8
Enter qualifying distributions from Part XII, line 4.............
8
710,245
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 1,008
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,008
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,008
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 12,440
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,440
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 11,432
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,000 RefundedBullet 11 6,432
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    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 ofbulletSHANIN AND TRACEY SPECTER Telephone no.bullet (215) 772-1000

    Located atbullet718 MERION SQ RDGLADWYNEPA ZIP+4bullet19035
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SHANIN SPECTER TRUSTEE
    0.00     		0 0 0
    718 MERION SQUARE ROAD
    GLADWYNE,PA19035
    TRACEY SPECTER TRUSTEE
    0.00     		0 0 0
    718 MERION SQUARE ROAD
    GLADWYNE,PA19035
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,132,705
    b
    Average of monthly cash balances.......................
    1b
    219,438
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,352,143
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,352,143
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    95,282
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,256,861
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    312,843
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    312,843
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,008
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,008
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    311,835
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    311,835
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    311,835
    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
    710,245
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    710,245
    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
    1,008
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    709,237
    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 7 311,835
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014...... 37,937
    fTotal of lines 3a through e........ 37,937
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 710,245
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 311,835
    e Remaining amount distributed out of corpus 398,410
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 436,347
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		436,347
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014.... 37,937
    e Excess from 2015.... 398,410
    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).)
    SHANIN SPECTER
    TRACEY SPECTER
    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
    American Friends of the Jaffa Institute
    171-06 76th Ave
    FLUSHING,NY11366     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    American Friends of Peres Center
    200 SOUTH BISCAYNE BLVD SUITE 1680
    MIAMI,FL33131     		NONE PUBLIC CHARITY To fund the recipient's operating budget 250
    Birthright Israel Foundation
    661 Highland Avenue Suite 103H
    NEEDHAM,MA02494     		NONE PUBLIC CHARITY To fund the recipient's operating budget 10,000
    BRANDEIS UNIVERSITY
    OFFICE OF ADVANCEMENT 415 SOUTH
    STREET
    WALTHAM,MA02454     		NONE PUBLIC CHARITY To fund the recipient's operating budget 60,000
    Bridlewild Trails Association
    PO Box 368
    GLADWYNE,PA19035     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    BROOKLYN PUBLIC LIBRARY
    10 GRAND ARMY PLAZA
    BROOKLYN,NY11238     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,670
    BUILDON
    ATTN MAYRA HERNANDEZ 800 LONG RIDGE
    RD
    STAMFORD,CT06902     		NONE PUBLIC CHARITY To fund the recipient's operating budget 125
    CADES
    ATTN VERA DERCOOE 401 RUTGERS AVE
    SWARTHMORE,PA19081     		NONE PUBLIC CHARITY To fund the recipient's operating budget 250
    Cambridge in America
    292 Madison Avenue 8th Floor
    NEW YORK,NY10017     		NONE PUBLIC CHARITY To fund the recipient's operating budget 200,000
    Cancer Support Community of Philadelphia
    4100 Chamounix Drive
    PHILADELPHIA,PA19131     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    CEASEFIRE PENNSYLVANIA EDUCATION FUND
    PO Box 60095
    PHILADELPHIA,PA19102     		NONE PUBLIC CHARITY To fund the recipient's operating budget 2,500
    City Year Inc
    Attn Humerto Batista City Year Inc
    287 Columbus Ave
    BOSTON,MA02216     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    DELAWARE VALLEY FRIENDS SCHOOL
    19 E CENTRAL AVE
    PAOLI,PA19301     		NONE PUBLIC CHARITY To fund the recipient's operating budget 2,625
    DOCTORS WITHOUT BOARDERS
    PO BOX 5023
    HAGERSTOWN,MD21741     		NONE PUBLIC CHARITY To fund the recipient's operating budget 250
    DRUEDING CENTER
    Holy Redeemer Development Dept 521
    Moredon Road
    Huntingdon Valley,PA19006     		NONE PUBLIC CHARITY To fund the recipient's operating budget 30,916
    Eldernet of Lower MerionNarberth
    Bryn Mawr Community Building 9
    South Bryn Mawr Avenue
    BRYN MAWR,PA19010     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    FRANCIS FUND CO PROJECT HOME
    1515 Fairmount Avenue
    PHILADELPHIA,PA19130     		NONE PUBLIC CHARITY To fund the recipient's operating budget 25,000
    Free Library of Philadelphia Foundation
    1901 Vine Street Rm 111
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    Friends of the IDF
    1430 Broadway Suite 1301
    NEW YORK,NY10018     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    Friends of Yemin Orde
    4340 East-West Highway Suite 202
    BETHESDA,MD20814     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    GREATER PHILADELPHIA COALITION AGAINST HUNGER
    1725 FAIRMONT AVE UNIT 102
    PHILADELPHIA,PA19130     		NONE PUBLIC CHARITY To fund the recipient's operating budget 5,500
    Har Zion Temple
    1500 Hagys Ford Rd
    PENN VALLEY,PA19072     		NONE PUBLIC CHARITY To fund the recipient's operating budget 8,000
    Haverford College
    370 Lancaster Ave
    HAVERFORD,PA19041     		NONE PUBLIC CHARITY To fund the recipient's operating budget 5,000
    HILLEL OF GREATER PHILADELPHIA
    215 S 39TH ST
    PHILADELPHIA,PA19104     		NONE PUBLIC CHARITY To fund the recipient's operating budget 3,600
    Historic Preservation & Education Fund of the RCOP Inc
    The Racquet Club of Philadelphia
    215 S 16th Street
    PHILADELPHIA,PA19102     		NONE PUBLIC CHARITY To fund the recipient's operating budget 29,327
    Hope Funds for Cancer Research
    174 Bellevue Avenue Suite 311
    NEWPORT,RI02840     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    Hospital for Special Surgery Fund Inc
    Attn Rebekah Grote Development
    Department 535 E 70th ST
    NEW YORK,NY10021     		NONE PUBLIC CHARITY To fund the recipient's operating budget 3,000
    Jack M Barrack Hebrew Academy
    Attn Randi Butow Development Office
    272 S Bryn Mawr Ave
    BRYN MAWR,PA19010     		NONE PUBLIC CHARITY To fund the recipient's operating budget 10,000
    JEVS HUMAN SERVICES
    ATTM KATIE SHINHOLSTER 1845 WALNUT
    ST 7TH FLOOR
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    Jewish Federation of Greater Philadelphia
    2100 Arch Street 5th Floor
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY To fund the recipient's operating budget 30,000
    Jewish National Fund
    2100 ARCH STREET 3RD FLOOR
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY To fund the recipient's operating budget 2,500
    Jewish Relief Agency
    200 Monument Road Suite 8
    BALA CYNWYD,PA19004     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,800
    Koresh Dance Company
    2002 Rittenhouse Square
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    Laurel Hill Cemetery
    3822 Ridge Ave
    PHILADELPHIA,PA19132     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    Lower Merion Conservancy
    1301 Rose Glen Road
    GLADWYNE,PA19035     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    Maternity Care Coalition
    2000 Hamilton St Ste 205
    PHILADELPHIA,PA19130     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    Mazon a Jewish Response to Hunger
    10495 Santa Monica Blvd Ste 100
    LOS ANGELES,CA90025     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    Mission Kids Child Advocacy Center of Montgomery County
    PO BOX 413
    BLUE BELL,PA19422     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    Mount Holyoke College
    C/O Office of Advancement 50
    College St
    SOUTH HADLEY,MA01075     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    National Breast Cancer Coalition Fund
    1010 Vermont Avenue NW Suite 900
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    National Museum of American Jewish History
    101 South Independence Mall E
    PHILADELPHIA,PA19106     		NONE PUBLIC CHARITY To fund the recipient's operating budget 19,438
    NY Youth Symphony
    ATTN Shauna Quill 110 W 40th Street
    Suite 1503
    NEW YORK,NY10018     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,500
    NUTRITIONAL DEVELOPMENT SERVICES
    ARCHDIOCESE OF PHILA 222 N 17TH ST
    STE 420
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY To fund the recipient's operating budget 2,500
    OROT
    7601 Old York Road
    MELROSE PARK,PA19027     		NONE PUBLIC CHARITY To fund the recipient's operating budget 3,600
    People's Emergency Center
    325 N 39th Street
    PHILADELPHIA,PA19104     		NONE PUBLIC CHARITY To fund the recipient's operating budget 20,650
    Perelman Jewish Day School
    49 Haverford Rd
    WYNNEWOOD,PA19096     		NONE PUBLIC CHARITY To fund the recipient's operating budget 157,200
    Philabundance
    3616 South Galloway Street
    PHILADELPHIA,PA19148     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    Philadelphia Mural Arts Advocates
    CITY of Philadelphia Mural Arts
    Program 1727-29 Mount Vernon Street
    PHILADELPHIA,PA19130     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    Philadelphia Museum of Art
    Development Office PO Box 7646
    PHILADELPHIA,PA19101     		NONE PUBLIC CHARITY To fund the recipient's operating budget 2,500
    Presbyterian Children's Village
    Development Office 452 South
    Roberts Road
    ROSEMONT,PA19010     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    Project Home
    1515 Fairmount Avenue
    PHILADELPHIA,PA19130     		NONE PUBLIC CHARITY To fund the recipient's operating budget 250
    PUBLIC CITIZENS FOR CHILDREN AND YOUTH
    1709 BENJAMIN FRANKLIN PARKWAY 6TH
    FLOOR
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    Seeds of Peace
    C/O Robin Gordon 1317 Valley Road
    VILLANOVA,PA19085     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    SHARE FOOD PROGRAM
    2901 W Hunting Park Ave
    PHILADELPHIA,PA19129     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    THE CHURCHILL CENTRE
    131 SOUTH DEARBORN ST
    CHICAGO,IL60603     		NONE PUBLIC CHARITY To fund the recipient's operating budget 5,000
    THE FRIENDSHIP CIRCLE
    754 SOUTH 9TH ST
    PHILADELPHIA,PA19147     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    THE JUNIOR LEAGUE OF PHILADELPHIA INC
    27 W Lancaster Ave
    ARDMORE,PA19003     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    The National Constitution Center
    INDEPendence Mall 525 Arch Street
    PHILADELPHIA,PA19106     		NONE PUBLIC CHARITY To fund the recipient's operating budget 5,000
    The Pennsylvania Horticultural Society
    100 N 20th Street - 5th Floor
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    THE PHILADELPHIA JEWISH VOICE
    327 PEMBROKE ROAD
    BALA CYNWYD,PA19004     		NONE PUBLIC CHARITY To fund the recipient's operating budget 250
    THE RENDELL CENTER FOR CIVICS
    Annenberg Public Policy Center 202
    S 36th Street
    PHILADELPHIA,PA19104     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    THE ROCK SCHOOL FOR DANCE EDUCATION
    1101 SOUTH BROAD STREET
    PHILADELPHIA,PA19147     		NONE PUBLIC CHARITY To fund the recipient's operating budget 2,500
    The Shipley School
    814 Yarrow Street
    BRYN MAWR,PA19010     		NONE PUBLIC CHARITY To fund the recipient's operating budget 19,194
    University of the Arts
    320 S BROAD ST
    PHILADELPHIA,PA19102     		NONE PUBLIC CHARITY To fund the recipient's operating budget 1,000
    William Penn Charter School
    3000 W SCHOOL HOUSE LN
    PHILADELPHIA,PA19144     		NONE PUBLIC CHARITY To fund the recipient's operating budget 10,000
    Womens Center of Montgomery County
    8080 OLD YORK ROAD SUITE 200
    ELKINS PARK,PA19027     		NONE PUBLIC CHARITY To fund the recipient's operating budget 500
    Total .................................bullet 3a 705,395
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 117,192  
    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 7,385  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 124,577 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13124,577
    (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 SPECTER FOUNDATION
     
    Employer identification number

    38-7076393
    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 SPECTER FOUNDATION
          		Employer identification number
    38-7076393
    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
     
     

    SHANIN SPECTER  
    718 MERION SQUARE ROAD
     
    GLADWYNE, PA19035

    		$ 8,000


    (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.)
    (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 SPECTER FOUNDATION
          		Employer identification number

    38-7076393
    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 SPECTER FOUNDATION
          		Employer identification number

    38-7076393
    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 SPECTER FOUNDATION
    EIN:
    38-7076393
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 8,000 4,000   4,000

    TY 2015 OtherAssetsSchedule
    Name:
    THE SPECTER FOUNDATION
    EIN:
    38-7076393
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    VITTORIA OFFSHORE FUND LTD. 325,000 825,000 895,749
    MUNICIPAL BONDS 900,715 434,743 406,526
    HIGH YIELD FUNDS 195,213 344 344
    LARGE CAP STOCK 1,132,490 1,107,877 1,250,539
    HIGH DIVIDEND EQUITIES 288,920 288,920 316,663
    MID CAP STOCK 480,878 480,878 543,138
    SMALL CAP STOCK 331,859 366,954 460,199
    ENERGY RELATED STOCK 262,925 339,189 238,036
    COMMODITY FUNDS 162,018 0 0
    DEVELOPED INTERNATIONAL STOCK 1,437,616 1,107,398 1,034,966
    EMERGING MARKET STOCK 496,047 486,914 421,092
    MASTER LIMITED PARTNERSHIPS 207,664 277,213 179,817


    TY 2015 OtherDecreasesSchedule
    Name:
    THE SPECTER FOUNDATION
    EIN:
    38-7076393
    Description Amount
    BOND PREMIUM AMORTIZATION ADJUSTMENT 25,282


    TY 2015 OtherExpensesSchedule
    Name:
    THE SPECTER FOUNDATION
    EIN:
    38-7076393
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT EXPENSES 1,173 1,173   0
    FILING FEE - IRS FORM 1023 850 0   850
    BANK SERVICE FEES 82 82   0


    TY 2015 TaxesSchedule
    Name:
    THE SPECTER FOUNDATION
    EIN:
    38-7076393
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 2,230 2,230   0
    FEDERAL TAXES 24,105 0   0