TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
RESIDUAL TUW CATHERINE IOLA MICHAEL

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231

A Employer identification number

20-6988404

B Telephone number (see instructions)

(410) 537-5465

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$20,297,233J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	404,148		385,889
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		213,348
b	Gross sales price for all assets on line 6a 8,425,730
7	Capital gain net income (from Part IV, line 2)...			213,348
8	Net short-term capital gain.........				0
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).......			23,978
12	Total. Add lines 1 through 11........	617,496		623,215
13	Compensation of officers, directors, trustees, etc.	54,536				54,536
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		102,330	102,330		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		34,967	9,506		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	191,833		111,836	0	54,536
25	Contributions, gifts, grants paid.......	796,947				796,947
26	Total expenses and disbursements. Add lines 24 and 25	988,780		111,836	0	851,483
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-371,284
b	Net investment income (if negative, enter -0-)			511,379
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	996,241	1,154,146	1,154,146
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,521,637	1,237,310	1,230,971
	b	Investments—corporate stock (attach schedule).......	11,497,122	11,693,338	13,764,868
	c	Investments—corporate bonds (attach schedule).......	3,709,964	4,080,562	4,048,571
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............	906,041	98,677	98,677
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	18,631,005	18,264,033	20,297,233
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	18,631,005	18,264,033
	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).....	18,631,005	18,264,033
	31	Total liabilities and net assets/fund balances (see instructions).	18,631,005	18,264,033

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

18,631,005

Enter amount from Part I, line 27a .....................

-371,284

Other increases not included in line 2 (itemize) bullet

6,687

Add lines 1, 2, and 3 ..........................

18,266,408

Decreases not included in line 2 (itemize) bullet

2,375

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

18,264,033

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	14. FOSSIL GROUP INC		2012-05-08	2015-01-02
b	100. QUALCOMM CORP.		2010-05-11	2015-01-02
c	99. SUNTRUST BANKS INC.		2013-03-14	2015-01-02
d	108. QUALCOMM CORP.		2010-05-11	2015-01-05
e	31. COVANCE INC		2010-07-29	2015-01-06
	11. FOSSIL GROUP INC		2012-05-08	2015-01-06
	78. QUALCOMM CORP.		2010-05-11	2015-01-06
	34. COVANCE INC		2010-07-29	2015-01-07
	10. FOSSIL GROUP INC		2012-05-08	2015-01-07
	58. QUALCOMM CORP.		2010-05-11	2015-01-07
	50000. CAMDEN PROPERTY 3.500% 9/15/24		2014-09-04	2015-01-08
	23. COVANCE INC		2010-07-29	2015-01-08
	19. FOSSIL GROUP INC		2012-05-08	2015-01-08
	44. GILEAD SCIENCES INC.		2013-11-22	2015-01-08
	81. GILEAD SCIENCES INC.		2014-03-14	2015-01-08
	78. QUALCOMM CORP.		2010-05-11	2015-01-08
	94. TIME WARNER CABLE INC.		2014-10-13	2015-01-08
	27. COVANCE INC		2010-09-03	2015-01-09
	32. FOSSIL GROUP INC		2012-05-08	2015-01-09
	65. BEST BUY COMPANY INC		2013-02-22	2015-01-12
	115. BEST BUY COMPANY INC		2014-02-03	2015-01-12
	10. COVANCE INC		2010-09-03	2015-01-12
	8. FOSSIL GROUP INC		2012-05-08	2015-01-12
	375. M & T BK CORP COM		2011-12-16	2015-01-12
	679. REGIONS FINL CORP NEW		2013-04-23	2015-01-12
	10. COVANCE INC		2010-09-03	2015-01-13
	527. REGIONS FINL CORP NEW		2013-04-23	2015-01-13
	21. COVANCE INC		2010-09-03	2015-01-14
	184. DISCOVERY COMMUNICAIONS-A		2014-04-03	2015-01-14
	66. DISCOVERY COMMUNICATIONS-C		2014-04-02	2015-01-14
	45000. U S TREASURY NOTE		2014-11-03	2015-01-14
	31. CORE LABORATORIES N V		2014-06-05	2015-01-14
	21. COVANCE INC		2010-09-03	2015-01-15
	29. DISCOVERY COMMUNICAIONS-A		2014-03-24	2015-01-15
	38. DISCOVERY COMMUNICATIONS-C		2014-04-03	2015-01-15
	14. CORE LABORATORIES N V		2014-06-02	2015-01-15
	782. DISCOVERY COMMUNICAIONS-A		2014-07-09	2015-01-16
	140. DISCOVERY COMMUNICATIONS-C		2014-04-01	2015-01-16
	8000. JPMORGAN CHASE 0.8631% 1/28/19		2014-03-19	2015-01-16
	168. SCHLUMBERGER LTD.		2012-04-02	2015-01-16
	56. CORE LABORATORIES N V		2014-06-03	2015-01-16
	7. CORE LABORATORIES N V		2011-08-05	2015-01-16
	30. DISCOVERY COMMUNICATIONS-C		2014-03-24	2015-01-20
	14. FOSSIL GROUP INC		2012-07-02	2015-01-20
	10000. JPMORGAN CHASE 0.8631% 1/28/19		2014-03-19	2015-01-20
	41. CORE LABORATORIES N V		2011-08-05	2015-01-20
	68. DISCOVERY COMMUNICATIONS-C		2014-04-04	2015-01-21
	15. FOSSIL GROUP INC		2012-07-02	2015-01-21
	16000. JPMORGAN CHASE 0.8631% 1/28/19		2014-03-07	2015-01-21
	16000. JPMORGAN CHASE 0.8631% 1/28/19		2014-03-07	2015-01-21
	58. CORE LABORATORIES N V		2011-08-05	2015-01-21
	269. CITY NATIONAL CORP		2013-12-09	2015-01-22
	368. CITY NATIONAL CORP		2014-10-07	2015-01-22
	85. DISCOVERY COMMUNICATIONS-C		2014-03-31	2015-01-22
	28. FOSSIL GROUP INC		2012-07-02	2015-01-22
	50000. MORGAN STANLEY MTN 1.0871% 1/24/19		2014-08-15	2015-01-22
	76. QUALCOMM CORP.		2010-05-11	2015-01-22
	11. CORE LABORATORIES N V		2011-08-05	2015-01-22
	57. DISCOVERY COMMUNICATIONS-C		2014-03-31	2015-01-23
	207. DISCOVERY COMMUNICATIONS-C		2014-04-07	2015-01-23
	47. DISCOVERY COMMUNICATIONS-C		2014-09-19	2015-01-26
	24. FOSSIL GROUP INC		2012-07-02	2015-01-26
	140. QUALCOMM CORP.		2010-05-11	2015-01-26
	13. CORE LABORATORIES N V		2011-08-05	2015-01-26
	392. DISCOVERY COMMUNICATIONS-C		2014-09-19	2015-01-27
	13. FOSSIL GROUP INC		2012-07-02	2015-01-27
	11. CORE LABORATORIES N V		2011-08-08	2015-01-27
	62. APPLE COMPUTER INC.		2008-10-08	2015-01-28
	5. FOSSIL GROUP INC		2012-07-02	2015-01-28
	18. CORE LABORATORIES N V		2011-08-08	2015-01-28
	12207.031 BROWN ADVISORY MORT SEC INS		2014-05-16	2015-01-29
	18. FOSSIL GROUP INC		2012-07-02	2015-01-29
	103. CORE LABORATORIES N V		2011-08-08	2015-01-29
	357. DISCOVERY COMMUNICATIONS-C		2014-10-06	2015-01-30
	61. CORE LABORATORIES N V		2011-08-08	2015-01-30
	27. FOSSIL GROUP INC		2012-07-02	2015-02-02
	48. CORE LABORATORIES N V		2012-10-03	2015-02-02
	67. COVANCE INC		2010-09-03	2015-02-03
	132. QUALCOMM CORP.		2010-05-11	2015-02-03
	92. TIME WARNER CABLE INC.		2014-05-13	2015-02-03
	206. TOTAL FINA ELF S.A. ADS REPSTG 1/2 OF A 'B' SH		2012-01-05	2015-02-03
	812. ENSCO PLC		2014-01-15	2015-02-03
	51. CORE LABORATORIES N V		2012-10-03	2015-02-03
	48. COVANCE INC		2010-09-03	2015-02-04
	35. STARBUCKS CORP.		2012-10-25	2015-02-04
	88. STARBUCKS CORP.		2014-02-04	2015-02-04
	69. TIME WARNER CABLE INC.		2014-10-15	2015-02-04
	31. CORE LABORATORIES N V		2011-10-10	2015-02-04
	10000. CITIGROUP INC 1.97563% 5/15/18		2014-03-18	2015-02-05
	40000. CITIGROUP INC 1.97563% 5/15/18		2013-11-22	2015-02-05
	26. COVANCE INC		2010-09-03	2015-02-05
	39. CORE LABORATORIES N V		2011-10-10	2015-02-05
	20. COVANCE INC		2010-09-03	2015-02-06
	77. FMC TECHNOLOGIES INC		2014-09-05	2015-02-06
	195000. F N M A 2.625% 9/06/24		2014-12-23	2015-02-06
	241. INFORMATICA CORP		2014-09-24	2015-02-06
	64. SCHLUMBERGER LTD.		2012-01-18	2015-02-06
	105000. U S TREASURY NOTE		2014-11-03	2015-02-06
	11. COVANCE INC		2010-09-03	2015-02-09
	53. FMC TECHNOLOGIES INC		2014-01-23	2015-02-09
	61. FMC TECHNOLOGIES INC		2014-09-08	2015-02-09
	48. INFORMATICA CORP		2014-09-24	2015-02-09
	37. QUALCOMM CORP.		2010-05-11	2015-02-09
	97. ENSCO PLC		2014-01-15	2015-02-09
	551. ENSCO PLC		2014-11-13	2015-02-09
	19. COVANCE INC		2010-09-03	2015-02-10
	76. FMC TECHNOLOGIES INC		2014-01-30	2015-02-10
	135. INFORMATICA CORP		2014-09-24	2015-02-10
	89. QUALCOMM CORP.		2010-05-11	2015-02-10
	50000. BERKSHIRE HATHWY 3.200% 2/11/15		2010-02-04	2015-02-11
	19. COVANCE INC		2010-09-03	2015-02-11
	15. COVANCE INC		2010-09-03	2015-02-13
	10. COVANCE INC		2010-09-03	2015-02-17
	71. QUALCOMM CORP.		2010-05-11	2015-02-17
	58. SCHLUMBERGER LTD.		2014-11-28	2015-02-17
	66. COVANCE INC		2010-09-03	2015-02-18
	38. QUALCOMM CORP.		2010-05-11	2015-02-18
	34. QUALCOMM CORP.		2010-05-11	2015-02-19
	117. INFORMATICA CORP		2014-07-31	2015-02-20
	47. TIME WARNER CABLE INC.		2010-10-20	2015-02-24
	4. TIME WARNER CABLE INC.		2014-10-15	2015-02-24
	83. CITY NATIONAL CORP		2013-08-21	2015-02-25
	32. CITY NATIONAL CORP		2014-05-19	2015-02-25
	16. INFORMATICA CORP		2014-07-31	2015-02-25
	200000. U S TREASURY NOTE		2015-02-17	2015-03-02
	6970.26 BROWN ADV INTERMED INCOME-IV		2013-12-04	2015-03-03
	29. QUALCOMM CORP.		2010-05-11	2015-03-03
	94. SCHLUMBERGER LTD.		2012-01-18	2015-03-03
	10000. VERIZON COMMUNICATION 3.65% 9/14/18		2014-03-18	2015-03-03
	40000. VERIZON COMMUNICATION 3.65% 9/14/18		2013-11-01	2015-03-03
	4646.84 BROWN ADV INTERMED INCOME-IV		2013-12-04	2015-03-04
	146. QUALCOMM CORP.		2010-05-11	2015-03-04
	189. COMMSCOPE HOLDING CO INC		2015-01-27	2015-03-05
	100. QUALCOMM CORP.		2010-05-11	2015-03-05
	195. QUALCOMM CORP.		2010-05-11	2015-03-06
	2788.354 BROWN ADV INTERMED INCOME-IV		2013-12-04	2015-03-09
	6531.31 BROWN ADV INTERMED INCOME-IV		2014-11-12	2015-03-09
	173. CHARLES SCHWAB CORP.		2013-01-02	2015-03-09
	27. WHOLE FOODS MARKET INC		2013-08-04	2015-03-09
	67. WHOLE FOODS MARKET INC		2013-07-30	2015-03-10
	80000. ROYAL BK CAN MTN 0.7641% 3/15/19		2015-03-03	2015-03-11
	48. WHOLE FOODS MARKET INC		2014-01-17	2015-03-11
	59. GILEAD SCIENCES INC.		2013-12-02	2015-03-12
	65. INFORMATICA CORP		2014-07-31	2015-03-12
	77. WHOLE FOODS MARKET INC		2014-02-19	2015-03-12
	45. WHOLE FOODS MARKET INC		2014-02-18	2015-03-13
	15. GILEAD SCIENCES INC.		2013-12-02	2015-03-16
	10000. WEATHERFORD BERMUDA 4.500% 4/15/22		2014-10-06	2015-03-16
	4000. WEATHERFORD BERMUDA 4.500% 4/15/22		2014-10-06	2015-03-16
	4000. WEATHERFORD BERMUDA 4.500% 4/15/22		2014-10-06	2015-03-16
	6000. WEATHERFORD BERMUDA 4.500% 4/15/22		2014-10-06	2015-03-16
	10. GILEAD SCIENCES INC.		2013-12-02	2015-03-17
	207480.1005 U S TREASURY I P S 0.250% 1/15/25		2015-03-02	2015-03-17
	54517.4495 U S TREASURY I P S 0.250% 1/15/25		2015-03-02	2015-03-17
	10. GILEAD SCIENCES INC.		2013-12-02	2015-03-18
	26000. WEATHERFORD BERMUDA 4.500% 4/15/22		2014-10-06	2015-03-18
	35. GENPACT LTD USD 0.001		2013-02-21	2015-03-18
	14. GILEAD SCIENCES INC.		2013-12-02	2015-03-19
	20. SCHLUMBERGER LTD.		2014-11-28	2015-03-19
	73. SCHLUMBERGER LTD.		2011-12-12	2015-03-19
	15. SCHLUMBERGER LTD.		2014-11-28	2015-03-19
	250000. U S TREASURY BILL 3/19/15		2014-12-29	2015-03-19
	25. GENPACT LTD USD 0.001		2013-02-21	2015-03-19
	22. GILEAD SCIENCES INC.		2013-12-02	2015-03-20
	25000. MORGAN STANLEY MTN 4.350% 9/08/26		2014-11-26	2015-03-20
	90. SCHLUMBERGER LTD.		2011-12-12	2015-03-20
	47. GENPACT LTD USD 0.001		2013-02-21	2015-03-20
	. PROCEEDS OF LITIGATION FROM CITIGROUP			2015-03-20
	4. GOOGLE INC CL A		2009-05-08	2015-03-23
	3. GOOGLE INC		2009-05-08	2015-03-23
	27. GENPACT LTD USD 0.001		2010-05-11	2015-03-23
	18. GOOGLE INC CL A		2009-05-08	2015-03-24
	17. GOOGLE INC		2009-05-08	2015-03-24
	339. SCHLUMBERGER LTD.		2012-12-14	2015-03-26
	65000. U S TREASURY NOTE		2015-03-17	2015-03-30
	40000. U S TREASURY NOTE		2014-03-18	2015-03-30
	19. GENPACT LTD USD 0.001		2010-05-11	2015-03-30
	130. NORTHERN TR CORP		2014-01-23	2015-03-31
	180. BEST BUY COMPANY INC		2013-02-22	2015-04-01
	109. INFORMATICA CORP		2014-07-31	2015-04-02
	280. CITY NATIONAL CORP		2013-08-27	2015-04-06
	271. INFORMATICA CORP		2014-07-31	2015-04-06
	193. CITY NATIONAL CORP		2013-10-08	2015-04-07
	290. M & T BK CORP COM		2010-11-12	2015-04-07
	200000. U S TREASURY NOTE		2015-03-17	2015-04-07
	89. EXPRESS SCRIPTS HLDG CO		2011-03-01	2015-04-09
	268. INFORMATICA CORP		2014-07-31	2015-04-09
	7. GENPACT LTD USD 0.001		2010-05-11	2015-04-09
	24. GENPACT LTD USD 0.001		2010-05-11	2015-04-10
	8. GENPACT LTD USD 0.001		2010-05-11	2015-04-13
	1576. PUBLIC STORAGE 6.875% PFD		2011-04-29	2015-04-15
	1576. PUBLIC STORAGE 6.875% PFD			2015-04-15
	11. GENPACT LTD USD 0.001		2010-05-11	2015-04-16
	109. ONEBEACON INSURANCE GROUP LT		2012-04-09	2015-04-16
	50000. JPMORGAN CHASE CO 1.2121% 1/23/20		2015-01-21	2015-04-17
	306. ONEBEACON INSURANCE GROUP LT		2013-02-28	2015-04-17
	11. GENPACT LTD USD 0.001		2010-05-11	2015-04-20
	86. TIME WARNER CABLE INC.		2010-10-20	2015-04-22
	30. GENPACT LTD USD 0.001		2010-05-11	2015-04-22
	176. CHARLES SCHWAB CORP.		2014-06-19	2015-04-23
	103. SUNTRUST BANKS INC.		2013-01-07	2015-04-23
	23. GENPACT LTD USD 0.001		2010-05-11	2015-04-23
	80. APPLE COMPUTER INC.		2013-04-19	2015-04-27
	52. SUNTRUST BANKS INC.		2012-12-19	2015-04-27
	77. SUNTRUST BANKS INC.		2012-12-19	2015-04-28
	10. GENPACT LTD USD 0.001		2010-05-11	2015-04-29
	31. DAVITA INC		2013-08-20	2015-05-06
	62. EXPRESS SCRIPTS HLDG CO		2011-03-01	2015-05-06
	41. GILEAD SCIENCES INC.		2013-12-02	2015-05-06
	45. DAVITA INC		2013-08-20	2015-05-07
	67. EXPRESS SCRIPTS HLDG CO		2011-03-01	2015-05-07
	31. GILEAD SCIENCES INC.		2013-12-06	2015-05-07
	.2691 GOOGLE INC		2009-05-08	2015-05-07
	2000. REALTY INCOME CORP 4.125% 10/15/26		2014-09-29	2015-05-07
	23. DAVITA INC		2008-03-11	2015-05-08
	49. GILEAD SCIENCES INC.		2014-03-21	2015-05-08
	14000. REALTY INCOME CORP 4.125% 10/15/26		2014-09-29	2015-05-08
	21. GENPACT LTD USD 0.001		2010-05-11	2015-05-08
	89. COPA HOLDINGS SA		2014-08-12	2015-05-08
	10. DAVITA INC		2008-03-11	2015-05-11
	6. DAVITA INC		2008-03-11	2015-05-13
	57. DAVITA INC		2008-03-11	2015-05-14
	18. GENPACT LTD USD 0.001		2010-05-11	2015-05-14
	100. GENPACT LTD USD 0.001		2010-05-11	2015-05-15
	4. INTUITIVE SURGICAL INC		2012-07-20	2015-05-18
	79. CHARLES SCHWAB CORP.		2014-06-17	2015-05-19
	24. VISA INC		2014-01-03	2015-05-19
	129. CISCO SYSTEMS		2013-04-23	2015-05-20
	93. MICROSOFT CORP.		2011-03-15	2015-05-20
	65. NOVARTIS AG ADR		2011-01-14	2015-05-20
	402. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-11-19	2015-05-20
	51. CHARLES SCHWAB CORP.		2014-06-13	2015-05-20
	32. VISA INC		2014-01-03	2015-05-20
	121. GAMESTOP CORP NEW		2014-03-18	2015-05-21
	413. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-11-07	2015-05-21
	102. NORTHERN TR CORP		2014-02-12	2015-05-22
	26. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-10-25	2015-05-22
	60. BAXTER INTL. INC.		2014-05-02	2015-05-26
	76. BAXTER INTL. INC.		2014-06-25	2015-05-26
	437. NETAPP INC		2015-02-12	2015-05-26
	64. CHARLES SCHWAB CORP.		2014-06-13	2015-05-27
	67. CHARLES SCHWAB CORP.		2014-06-16	2015-05-28
	8. INTUITIVE SURGICAL INC		2013-03-14	2015-06-01
	9. BAXTER INTL. INC.		2014-06-25	2015-06-03
	48. BAXTER INTL. INC.		2014-03-28	2015-06-03
	110. GAMESTOP CORP NEW		2014-01-23	2015-06-03
	30. GAMESTOP CORP NEW		2014-11-25	2015-06-03
	49. GAMESTOP CORP NEW		2014-03-18	2015-06-03
	98. GAMESTOP CORP NEW		2014-03-14	2015-06-04
	70. GAMESTOP CORP NEW		2014-11-25	2015-06-04
	76. GAMESTOP CORP NEW		2014-03-19	2015-06-05
	55. GAMESTOP CORP NEW		2014-11-25	2015-06-05
	6. MEAD JOHNSON NUTRITION CO-A		2012-07-16	2015-06-05
	467. NETAPP INC		2011-11-29	2015-06-05
	21. NETAPP INC		2014-06-25	2015-06-05
	8. MEAD JOHNSON NUTRITION CO-A		2012-07-16	2015-06-09
	33. APPLE COMPUTER INC.		2008-10-08	2015-06-10
	53. GILEAD SCIENCES INC.		2014-03-21	2015-06-10
	49. VISA INC		2014-01-03	2015-06-10
	50000. KINDER MORGAN EN 5.300% 9/15/20		2014-09-10	2015-06-11
	17. VISA INC		2014-01-03	2015-06-11
	6000. REALTY INCOME CORP 4.125% 10/15/26		2014-09-29	2015-06-15
	104. WHOLE FOODS MARKET INC		2014-01-27	2015-06-15
	104. WHOLE FOODS MARKET INC		2014-02-13	2015-06-16
	550000. U S TREASURY NT 0.250% 7/15/15		2014-04-24	2015-06-17
	73. WHOLE FOODS MARKET INC		2014-02-13	2015-06-17
	41. VISA INC		2014-01-03	2015-06-18
	58. WHOLE FOODS MARKET INC		2014-04-24	2015-06-18
	2000. REALTY INCOME CORP 4.125% 10/15/26		2014-09-29	2015-06-19
	2000. REALTY INCOME CORP 4.125% 10/15/26		2014-09-29	2015-06-19
	22000. REALTY INCOME CORP 4.125% 10/15/26		2014-09-29	2015-06-19
	35. WHOLE FOODS MARKET INC		2014-04-24	2015-06-19
	89. GAMESTOP CORP NEW		2014-03-19	2015-06-22
	52. GAMESTOP CORP NEW		2014-03-03	2015-06-22
	12. GAMESTOP CORP NEW		2014-11-25	2015-06-22
	113. WHOLE FOODS MARKET INC		2014-04-24	2015-06-22
	82. NORTHERN TR CORP		2014-02-12	2015-06-23
	132. SUNTRUST BANKS INC.		2012-12-19	2015-06-23
	157. SYNOVUS FINL CORP		2014-12-19	2015-06-23
	36. WHOLE FOODS MARKET INC		2014-04-21	2015-06-24
	184. HOLOGIC INC		2013-04-19	2015-06-25
	150. M & T BK CORP COM		2011-08-12	2015-06-25
	38. WHOLE FOODS MARKET INC		2013-05-07	2015-06-25
	219. BAXTER INTL. INC.		2014-04-10	2015-06-26
	131. HOLOGIC INC		2013-04-19	2015-06-26
	143. M & T BK CORP COM		2011-11-09	2015-06-30
	77. SALESFORCE COM INC		2014-04-28	2015-07-07
	50000. KINDER MORGAN ENER PAR 3.5% 3/01/21		2015-06-11	2015-07-08
	23. SALESFORCE COM INC		2014-04-28	2015-07-08
	103. BAXTER INTL. INC.		2015-02-20	2015-07-15
	391. BAXTER INTL. INC.		2014-03-14	2015-07-15
	35. ESTEE LAUDER COMPANIES CL A		2014-04-01	2015-07-15
	34. WHOLE FOODS MARKET INC		2013-05-07	2015-07-15
	142. BAXTER INTL. INC.		2014-03-14	2015-07-16
	32. ESTEE LAUDER COMPANIES CL A		2014-04-01	2015-07-16
	46. WHOLE FOODS MARKET INC		2013-05-07	2015-07-16
	139. NORTHERN TR CORP		2014-02-10	2015-07-17
	65. SCHLUMBERGER LTD.		2010-09-03	2015-07-17
	66. SCHLUMBERGER LTD.		2010-09-03	2015-07-20
	44. SCHLUMBERGER LTD.		2010-09-03	2015-07-21
	141. SCHLUMBERGER LTD.		2010-09-03	2015-07-22
	854. COACH INC		2014-06-11	2015-07-23
	179. SANOFI-SYNTHELABO		2014-09-24	2015-07-23
	. PROCEEDS FROM SECURITIES LITIGATION			2015-07-23
	. PROCEEDS FROM SECURITIES LITIGATION			2015-07-23
	50000. CELGENE CORP 2.300% 8/15/18		2014-03-18	2015-07-24
	19. GAMESTOP CORP NEW		2014-03-03	2015-07-24
	241. JOY GLOBAL INC		2014-07-15	2015-07-24
	80000. WELLS FARGO & CO		2015-03-03	2015-07-24
	20. AMAZON.COM INC		2015-06-17	2015-07-27
	398. COACH INC		2014-09-04	2015-07-27
	11. COACH INC		2014-06-11	2015-07-27
	121. JOY GLOBAL INC		2014-05-27	2015-07-27
	57. COACH INC		2014-09-03	2015-07-28
	525. COACH INC		2014-07-11	2015-07-28
	125. JOY GLOBAL INC		2014-05-27	2015-07-28
	92. SCHLUMBERGER LTD.		2010-09-03	2015-07-28
	55000. FIFTH THIRD BANCORP 2.875% 7/27/20		2015-07-23	2015-07-29
	43. SCHLUMBERGER LTD.		2006-09-15	2015-07-29
	921. ENSCO PLC		2014-02-19	2015-07-29
	734. ENSCO PLC		2015-02-27	2015-07-29
	66. ENSCO PLC		2015-02-27	2015-07-30
	400. SCHLUMBERGER LTD.		2009-05-21	2015-07-31
	3. SCHLUMBERGER LTD.		2009-05-21	2015-08-03
	9. SCHLUMBERGER LTD.		2009-05-21	2015-08-04
	49. NATIONAL-OILWELL INC		2014-05-02	2015-08-05
	11. SCHLUMBERGER LTD.		2009-05-21	2015-08-05
	255. DISCOVERY COMMUNICAIONS-A		2015-01-07	2015-08-06
	414. DISCOVERY COMMUNICAIONS-A		2015-01-07	2015-08-06
	67. NATIONAL-OILWELL INC		2014-05-02	2015-08-06
	28. SCHLUMBERGER LTD.		2009-05-21	2015-08-06
	3. SCHLUMBERGER LTD.		2009-05-21	2015-08-07
	5. NATIONAL-OILWELL INC		2012-12-21	2015-08-10
	30. SCHLUMBERGER LTD.		2009-05-21	2015-08-10
	181. DISCOVERY COMMUNICAIONS-A		2015-01-07	2015-08-12
	249. HOLOGIC INC		2013-04-18	2015-08-12
	126. GAMESTOP CORP NEW		2014-02-28	2015-08-13
	1013. NETAPP INC		2011-11-29	2015-08-14
	80000. LOWES COS INC 0.6576% 9/10/19		2015-03-04	2015-08-19
	14. AMAZON.COM INC		2015-04-17	2015-08-20
	411. CHARLES SCHWAB CORP.		2012-12-10	2015-08-20
	73. SYNOVUS FINANCIAL CORP		2014-12-19	2015-08-20
	112. TARGET CORPORATION		2014-03-28	2015-08-20
	618. JOY GLOBAL INC		2014-03-27	2015-08-21
	91. EXPRESS SCRIPTS HLDG CO		2011-02-28	2015-08-24
	940. WHOLE FOODS MARKET INC		2013-05-07	2015-08-24
	257. ALTRIA GROUP INC		2010-11-04	2015-08-25
	516. NATIONAL-OILWELL INC		2012-12-06	2015-08-26
	75. NATIONAL-OILWELL INC		2015-02-06	2015-08-26
	247. DISCOVERY COMMUNICAIONS-A		2015-01-28	2015-08-27
	45. GILEAD SCIENCES INC.		2013-12-12	2015-08-27
	751. REDWOOD TR INC		2014-06-30	2015-08-27
	66. SYNOVUS FINL CORP		2014-12-19	2015-08-27
	88. WHOLE FOODS MARKET INC		2013-05-02	2015-08-27
	225. DISCOVERY COMMUNICAIONS-A		2015-01-14	2015-08-28
	22. GILEAD SCIENCES INC.		2013-12-12	2015-08-28
	262. SYNOVUS FINL CORP		2014-12-19	2015-08-28
	45. COPA HOLDINGS SA		2014-08-12	2015-08-28
	12. COPA HOLDINGS SA		2015-04-02	2015-08-28
	22. GILEAD SCIENCES INC.		2013-11-18	2015-08-31
	30000. NEW YORK ST 5.000% 2/15/30		2015-01-14	2015-08-31
	45000. NEW YORK ST 5.000% 1/01/27		2014-12-12	2015-08-31
	70000. UNITED STATES TREAS 0.375% 2/15/16		2014-03-18	2015-08-31
	270000. UNITED STATES TREAS 0.375% 2/15/16		2015-06-19	2015-08-31
	80. WHOLE FOODS MARKET INC		2013-05-01	2015-08-31
	19. COPA HOLDINGS SA		2014-08-12	2015-08-31
	6. COPA HOLDINGS SA		2015-04-02	2015-08-31
	55. GILEAD SCIENCES INC.		2013-11-15	2015-09-01
	6000. JB HUNT TRANSPRT 3.300% 8/15/22		2015-08-03	2015-09-01
	96. WHOLE FOODS MARKET INC		2013-05-01	2015-09-01
	89. GILEAD SCIENCES INC.		2013-11-15	2015-09-02
	25. WHOLE FOODS MARKET INC		2013-04-30	2015-09-02
	75. WHOLE FOODS MARKET INC		2014-10-31	2015-09-02
	12. COPA HOLDINGS SA		2014-08-12	2015-09-02
	4. COPA HOLDINGS SA		2015-04-02	2015-09-02
	90. GILEAD SCIENCES INC.		2013-11-13	2015-09-03
	55. WHOLE FOODS MARKET INC		2014-10-31	2015-09-03
	52. COPA HOLDINGS SA		2014-08-12	2015-09-03
	14. COPA HOLDINGS SA		2015-04-02	2015-09-03
	498. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-10-25	2015-09-04
	99. WHOLE FOODS MARKET INC		2014-05-07	2015-09-08
	11. WHOLE FOODS MARKET INC		2014-10-30	2015-09-08
	248. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-08-08	2015-09-09
	89. WHOLE FOODS MARKET INC		2014-05-07	2015-09-09
	57. WHOLE FOODS MARKET INC		2014-05-07	2015-09-09
	43. COPA HOLDINGS SA		2014-08-12	2015-09-11
	76. COPA HOLDINGS SA		2015-04-02	2015-09-11
	46. COPA HOLDINGS SA		2014-09-02	2015-09-15
	81. COPA HOLDINGS SA		2015-04-02	2015-09-15
	407. TOTAL FINA ELF S.A. ADS REPSTG 1/2 OF A 'B' SH		2011-09-09	2015-09-16
	8. COPA HOLDINGS SA		2014-09-02	2015-09-16
	16. COPA HOLDINGS SA		2014-09-16	2015-09-16
	43. COPA HOLDINGS SA		2015-04-02	2015-09-16
	97. JOY GLOBAL INC		2014-03-18	2015-09-17
	83. COPA HOLDINGS SA		2015-03-10	2015-09-17
	22. COPA HOLDINGS SA		2014-09-16	2015-09-17
	186. COPA HOLDINGS SA		2015-07-15	2015-09-17
	30782.123 BROWN ADV INTERMED INCOME-IV		2014-11-12	2015-09-18
	3345.551 BROWN ADV INTERMED INCOME-IV		2006-07-10	2015-09-18
	16. COPA HOLDINGS SA		2015-03-10	2015-09-18
	29. COPA HOLDINGS SA		2015-07-16	2015-09-18
	137. HOLOGIC INC		2013-04-18	2015-09-21
	5. AMAZON.COM INC		2015-04-17	2015-09-23
	98. CHARLES SCHWAB CORP.		2014-06-16	2015-09-23
	48. COPA HOLDINGS SA		2015-03-10	2015-09-23
	85. COPA HOLDINGS SA		2015-07-23	2015-09-23
	6. AMAZON.COM INC		2015-04-17	2015-09-24
	998. POTASH CORP SASK INC COM W/RTS ATTACHED		2013-10-24	2015-09-24
	211593.9 U S TREASURY I P S 0.250% 1/15/25		2015-03-23	2015-09-24
	9713.701 FEDERATED ARMS FUND INSTL SHS 96		2015-09-22	2015-09-25
	164. CHARLES SCHWAB CORP.		2014-06-16	2015-09-25
	290. PLAINS GP HOLDINGS LP-CL A		2015-03-31	2015-09-28
	370. PLAINS GP HOLDINGS LP-CL A		2015-07-29	2015-10-05
	35. APPLE COMPUTER INC.		2008-10-08	2015-10-06
	10. STERICYCLE INC		2014-11-03	2015-10-06
	36. DANAHER CORP		2011-12-23	2015-10-07
	453. PLAINS GP HOLDINGS LP-CL A		2015-07-29	2015-10-07
	24. STERICYCLE INC		2014-11-04	2015-10-07
	25. DANAHER CORP		2011-12-23	2015-10-08
	23. STERICYCLE INC		2014-10-31	2015-10-08
	30000. MET TRANSPRTN NY 5.000% 11/15/30		2015-01-14	2015-10-09
	942. ROGERS COMMUNICATIONS INC CL B		2013-08-21	2015-10-09
	. PROCEEDS FROM SECURITIES LITIGATION			2015-10-09
	. PROCEEDS FROM SECURITIES LITIGATION			2015-10-09
	. PROCEEDS FROM SECURITIES LITIGATION			2015-10-09
	5000. BB T CORP MTN 0.00001% 1/15/20		2015-03-03	2015-10-13
	14772.727 BROWN ADVISORY EMG MKTS-INS		2013-10-29	2015-10-13
	86. STARBUCKS CORP.		2012-10-25	2015-10-13
	470000. U S TREASURY NOTE		2015-09-11	2015-10-13
	5000. MARYLAND ST HLTH HGR 3.991% 7/01/28		2013-03-08	2015-10-14
	68. STARBUCKS CORP.		2012-11-01	2015-10-14
	108. OCEANEERING INTERNATIONAL INC		2014-09-30	2015-10-15
	50000. SUNOCO LOGISTICS PARTNER		2014-12-24	2015-10-15
	5000. MARYLAND ST HLTH HGR 3.991% 7/01/28		2013-03-08	2015-10-19
	254. AUTOMATIC DATA PROCESSING INC.		2012-01-26	2015-10-23
	348. JOY GLOBAL INC		2014-10-10	2015-10-23
	216. JOY GLOBAL INC		2014-12-10	2015-10-23
	289. PLAINS GP HOLDINGS LP-CL A		2014-12-15	2015-10-23
	13. AMAZON.COM INC		2015-02-04	2015-10-27
	25000. MARYLAND ST HLTH HGR 3.991% 7/01/28		2013-03-08	2015-10-27
	292. REGIONS FINL CORP NEW		2015-03-26	2015-10-27
	33. FASTENAL CO		2014-03-14	2015-10-28
	383. REGIONS FINL CORP NEW		2015-03-26	2015-10-28
	39. FASTENAL CO		2014-03-14	2015-10-29
	22. FASTENAL CO		2014-03-14	2015-10-29
	112. SANOFI-SYNTHELABO		2014-10-07	2015-10-29
	14. AMAZON.COM INC		2015-02-04	2015-10-30
	43. FASTENAL CO		2014-03-13	2015-10-30
	32. FASTENAL CO		2014-03-13	2015-10-30
	65. GAMESTOP CORP NEW		2014-03-27	2015-10-30
	131. STARBUCKS CORP.		2012-11-01	2015-10-30
	50000. DALLAS FORT WORTH TX 2.434% 11/01/15		2014-06-30	2015-11-01
	45. FASTENAL CO		2014-03-03	2015-11-02
	31. FASTENAL CO		2014-03-03	2015-11-02
	156. GAMESTOP CORP NEW		2014-03-27	2015-11-02
	90000. U S TREASURY NT 2.000% 2/15/25		2015-09-24	2015-11-02
	287. GAMESTOP CORP NEW		2014-03-27	2015-11-03
	75000. INDIANA ST FIN AUTH 5.000% 12/01/32		2015-04-02	2015-11-03
	120. CHARLES SCHWAB CORP.		2008-12-01	2015-11-03
	59. PLAINS GP HOLDINGS LP-CL A		2014-12-15	2015-11-04
	87. CHARLES SCHWAB CORP.		2008-12-01	2015-11-04
	716. REGIONS FINL CORP NEW		2015-01-23	2015-11-05
	260. CHARLES SCHWAB CORP.		2012-12-19	2015-11-05
	91. CHARLES SCHWAB CORP.		2010-10-18	2015-11-05
	298. CHARLES SCHWAB CORP.		2010-10-18	2015-11-05
	14691.479 BROWN ADV STRAT EUR EQ-INS		2013-10-22	2015-11-06
	55000. MORGAN STANLEY 0.00001% 1/27/20		2015-01-23	2015-11-06
	75000. VERIZON COMMUNICAT 2.00185% 9/14/18		2015-02-10	2015-11-06
	112. GARMIN LTD		2014-10-02	2015-11-09
	147. GARMIN LTD		2015-02-18	2015-11-09
	12. COLFAX CORP		2014-12-23	2015-11-12
	21. COLFAX CORP		2014-12-29	2015-11-13
	56. COLFAX CORP		2015-03-03	2015-11-16
	151. GAMESTOP CORP NEW		2014-02-07	2015-11-16
	300. PLAINS GP HOLDINGS LP-CL A		2014-12-15	2015-11-16
	42. COLFAX CORP		2015-03-04	2015-11-18
	45. COLFAX CORP		2015-05-22	2015-11-19
	88. SANOFI-SYNTHELABO		2014-10-07	2015-11-19
	117. GARMIN LTD		2014-10-02	2015-11-19
	163. COLFAX CORP		2015-05-27	2015-11-20
	55000. MORGAN STANLEY 3.950% 4/23/27		2015-04-29	2015-11-20
	319. REDWOOD TR INC		2013-06-11	2015-11-20
	111. SANOFI-SYNTHELABO		2014-07-31	2015-11-20
	25. GARMIN LTD		2014-10-02	2015-11-20
	75. GARMIN LTD		2015-03-27	2015-11-20
	8. COLFAX CORP		2015-03-10	2015-11-23
	172. GAMESTOP CORP NEW		2014-02-06	2015-11-23
	690. REDWOOD TR INC		2013-06-12	2015-11-23
	43. COLFAX CORP		2015-03-10	2015-11-24
	9. COLFAX CORP		2015-01-06	2015-11-25
	508. REDWOOD TR INC		2013-06-12	2015-11-25
	468. REDWOOD TR INC		2015-03-11	2015-11-27
	260. REDWOOD TR INC		2013-08-22	2015-11-27
	55. COLFAX CORP		2015-01-06	2015-11-30
	307. PLAINS GP HOLDINGS LP-CL A		2014-12-12	2015-11-30
	853. REDWOOD TR INC		2013-08-21	2015-11-30
	34. COLFAX CORP		2015-01-06	2015-12-01
	33. COLFAX CORP		2014-12-16	2015-12-02
	45000. NEW YORK CITY NY 5.000% 8/01/32		2014-11-28	2015-12-02
	61. COLFAX CORP		2014-12-16	2015-12-03
	45000. NEW YORK CITY NY 5.000% 6/15/36		2014-11-28	2015-12-03
	50000. PENNSYLVANIA ST 5.000% 12/01/34		2015-01-28	2015-12-03
	9. COLFAX CORP		2014-12-16	2015-12-04
	134. KINDER MORGAN HOLDCO LLC		2015-07-21	2015-12-04
	1847. KINDER MORGAN HOLDCO LLC		2013-09-04	2015-12-04
	305. PLAINS GP HOLDINGS LP-CL A		2015-07-27	2015-12-04
	28. SANOFI-SYNTHELABO		2014-07-31	2015-12-07
	223. PLAINS GP HOLDINGS LP-CL A		2014-12-16	2015-12-08
	3. COLFAX CORP		2014-12-16	2015-12-10
	432. GAMESTOP CORP NEW		2014-03-27	2015-12-11
	261. SANOFI-SYNTHELABO		2014-08-15	2015-12-11
	30. COLFAX CORP		2014-12-16	2015-12-14
	15. AMAZON.COM INC		2015-02-04	2015-12-15
	13. COLFAX CORP		2015-03-13	2015-12-15
	95. QUALCOMM CORP.		2014-07-24	2015-12-15
	51. QUALCOMM CORP.		2015-04-23	2015-12-15
	26. COLFAX CORP		2014-12-11	2015-12-16
	66. COLFAX CORP		2015-03-25	2015-12-16
	8. COLFAX CORP		2015-03-25	2015-12-17
	71. DAVITA INC		2008-03-11	2015-12-17
	64. EXPRESS SCRIPTS HLDG CO		2011-02-28	2015-12-17
	22. FMC TECHNOLOGIES INC		2014-01-29	2015-12-17
	6. INTUITIVE SURGICAL INC		2013-03-14	2015-12-17
	12. COLFAX CORP		2015-03-25	2015-12-18
	15. COLFAX CORP		2015-01-07	2015-12-18
	51. FMC TECHNOLOGIES INC		2014-01-29	2015-12-18
	3. INTUITIVE SURGICAL INC		2013-03-14	2015-12-18
	64. COLFAX CORP		2015-01-09	2015-12-21
	55. FMC TECHNOLOGIES INC		2014-01-28	2015-12-21
	23. FMC TECHNOLOGIES INC		2015-07-21	2015-12-21
	240000. FEDERAL NATL MTG ASSN		2015-10-20	2015-12-21
	5. INTUITIVE SURGICAL INC		2013-03-14	2015-12-21
	76. APPLE COMPUTER INC.		2008-10-08	2015-12-22
	60. COLFAX CORP		2015-03-26	2015-12-22
	17. COLFAX CORP		2014-12-12	2015-12-22
	48. FMC TECHNOLOGIES INC		2015-07-21	2015-12-22
	7. INTUITIVE SURGICAL INC		2013-04-19	2015-12-22
	15. COLFAX CORP		2014-12-12	2015-12-23
	4. COLFAX CORP		2014-12-12	2015-12-23
	64. COLFAX CORP		2015-04-08	2015-12-23
	109. FMC TECHNOLOGIES INC		2015-07-21	2015-12-23
	2. FMC TECHNOLOGIES INC		2015-07-20	2015-12-24
	21. COLFAX CORP		2015-04-08	2015-12-29
	26. FMC TECHNOLOGIES INC		2015-07-20	2015-12-29
	68. COLFAX CORP		2014-12-17	2015-12-30
	43. COLFAX CORP		2015-04-08	2015-12-30
	35. FMC TECHNOLOGIES INC		2015-07-20	2015-12-30
	19. COLFAX CORP		2015-02-10	2015-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,542	1,108	434
b	7,402	3,781	3,621
c	4,120	2,876	1,244
d	8,000	4,083	3,917
e	3,244	1,222	2,022
	1,180	870	310
	5,727	2,949	2,778
	3,566	1,340	2,226
	1,053	791	262
	4,293	2,193	2,100
	50,428	49,693	735
	2,431	906	1,525
	1,986	1,503	483
	4,481	3,280	1,201
	8,248	6,110	2,138
	5,820	2,949	2,871
	13,905	13,175	730
	2,860	1,064	1,796
	3,305	2,532	773
	2,534	1,107	1,427
	4,484	2,664	1,820
	1,064	393	671
	824	633	191
	44,056	27,255	16,801
	6,484	5,504	980
	1,062	393	669
	5,029	4,218	811
	2,225	825	1,400
	5,506	7,821	-2,315
	1,914	2,749	-835
	48,684	46,590	2,094
	3,147	5,045	-1,898
	2,224	825	1,399
	858	1,223	-365
	1,092	1,570	-478
	1,401	2,229	-828
	22,820	31,659	-8,839
	3,997	5,762	-1,765
	7,971	8,013	-42
	13,494	11,841	1,653
	5,603	8,889	-3,286
	700	704	-4
	847	1,231	-384
	1,372	1,093	279
	9,964	10,010	-46
	4,195	4,125	70
	1,938	2,787	-849
	1,488	1,131	357
	15,891	16,014	-123
	15,917	16,014	-97
	6,141	5,835	306
	23,708	19,175	4,533
	32,434	27,042	5,392
	2,452	3,482	-1,030
	2,813	2,112	701
	49,744	50,481	-737
	5,450	2,873	2,577
	1,172	1,107	65
	1,641	2,326	-685
	5,945	8,328	-2,383
	1,369	1,860	-491
	2,374	1,810	564
	10,144	5,293	4,851
	1,401	1,308	93
	11,356	15,115	-3,759
	1,302	980	322
	1,186	1,106	80
	7,274	834	6,440
	503	377	126
	1,814	1,807	7
	125,000	124,023	977
	1,811	1,358	453
	9,280	10,333	-1,053
	10,164	13,035	-2,871
	5,654	6,115	-461
	2,652	2,036	616
	4,646	4,806	-160
	7,139	2,631	4,508
	8,746	4,991	3,755
	12,984	12,530	454
	11,420	10,426	994
	24,124	45,296	-21,172
	5,360	5,048	312
	5,120	1,885	3,235
	3,118	1,621	1,497
	7,841	6,207	1,634
	10,232	9,295	937
	3,258	3,049	209
	10,326	10,328	-2
	41,305	41,276	29
	2,771	1,021	1,750
	4,210	3,814	396
	2,127	785	1,342
	2,966	4,383	-1,417
	201,979	193,931	8,048
	10,304	8,154	2,150
	5,535	4,472	1,063
	112,403	108,054	4,349
	1,166	432	734
	2,058	2,686	-628
	2,369	3,442	-1,073
	2,041	1,554	487
	2,494	1,399	1,095
	3,013	5,411	-2,398
	17,116	24,461	-7,345
	2,019	746	1,273
	2,940	3,766	-826
	5,760	4,366	1,394
	6,214	3,365	2,849
	50,000	50,000
	2,029	746	1,283
	1,605	589	1,016
	1,071	391	680
	5,019	2,684	2,335
	5,120	4,941	179
	7,055	2,582	4,473
	2,685	1,437	1,248
	2,410	1,285	1,125
	5,144	3,712	1,432
	7,148	2,699	4,449
	608	536	72
	7,483	5,742	1,741
	2,885	2,226	659
	704	508	196
	211,578	208,309	3,269
	75,000	75,279	-279
	2,080	1,096	984
	7,955	6,569	1,386
	10,580	10,556	24
	42,320	41,890	430
	50,000	50,186	-186
	10,341	5,520	4,821
	5,738	4,365	1,373
	7,099	3,781	3,318
	13,860	7,373	6,487
	29,919	30,114	-195
	70,081	70,016	65
	5,342	2,581	2,761
	1,504	1,510	-6
	3,653	3,732	-79
	80,448	80,233	215
	2,598	2,549	49
	5,879	4,393	1,486
	2,833	2,062	771
	4,197	4,000	197
	2,443	2,323	120
	1,517	1,115	402
	9,222	10,456	-1,234
	3,692	4,183	-491
	3,692	4,183	-491
	5,527	6,274	-747
	1,007	743	264
	203,622	207,529	-3,907
	53,504	54,530	-1,026
	998	743	255
	23,660	27,185	-3,525
	830	604	226
	1,420	1,040	380
	1,621	1,704	-83
	5,918	5,216	702
	1,216	1,278	-62
	249,997	249,997
	593	432	161
	2,248	1,635	613
	26,101	25,297	804
	7,403	5,952	1,451
	1,114	770	344
	981		981
	2,269	804	1,465
	1,680	601	1,079
	640	437	203
	10,390	3,620	6,770
	9,690	3,408	6,282
	28,280	22,309	5,971
	69,461	68,930	531
	40,088	40,019	69
	445	308	137
	9,088	8,133	955
	6,676	3,064	3,612
	4,826	3,458	1,368
	25,319	18,902	6,417
	12,160	8,597	3,563
	17,478	12,820	4,658
	36,333	23,444	12,889
	214,641	212,060	2,581
	7,842	4,997	2,845
	12,802	8,502	4,300
	159	113	46
	542	389	153
	183	130	53
	39,400	41,140	-1,740
	105		105
	248	178	70
	1,772	1,608	164
	50,719	50,093	626
	4,966	4,303	663
	246	178	68
	12,958	4,939	8,019
	672	486	186
	5,381	4,743	638
	4,224	2,978	1,246
	517	373	144
	10,600	4,263	6,337
	2,137	1,494	643
	3,160	2,212	948
	222	162	60
	2,524	1,734	790
	5,210	3,481	1,729
	4,205	3,047	1,158
	3,679	2,313	1,366
	5,633	3,762	1,871
	3,134	2,293	841
	142	54	88
	2,070	2,008	62
	1,895	501	1,394
	5,065	3,573	1,492
	14,520	14,058	462
	480	340	140
	8,424	11,290	-2,866
	819	218	601
	488	131	357
	4,655	1,240	3,415
	417	292	125
	2,322	1,620	702
	2,013	1,999	14
	2,508	2,084	424
	1,686	1,332	354
	3,824	2,720	1,104
	4,411	2,379	2,032
	6,728	3,747	2,981
	13,260	13,038	222
	1,621	1,322	299
	2,239	1,776	463
	4,927	4,602	325
	13,770	13,152	618
	7,718	6,366	1,352
	856	810	46
	4,046	4,493	-447
	5,124	5,615	-491
	14,180	15,826	-1,646
	2,031	1,659	372
	2,135	1,733	402
	4,034	3,985	49
	593	665	-72
	3,163	3,509	-346
	4,850	4,212	638
	1,323	1,122	201
	2,160	1,863	297
	4,327	3,736	591
	3,091	2,618	473
	3,357	2,878	479
	2,430	2,057	373
	570	437	133
	15,822	16,692	-870
	712	754	-42
	744	583	161
	4,252	444	3,808
	6,182	3,860	2,322
	3,407	2,719	688
	54,443	54,622	-179
	1,189	943	246
	6,070	6,025	45
	4,188	5,342	-1,154
	4,236	5,312	-1,076
	550,086	550,019	67
	2,984	3,714	-730
	2,851	2,275	576
	2,384	2,947	-563
	2,021	2,008	13
	2,017	2,008	9
	22,200	22,017	183
	1,435	1,776	-341
	3,917	3,369	548
	2,288	1,932	356
	528	449	79
	4,678	5,570	-892
	6,401	5,083	1,318
	5,849	3,792	2,057
	4,833	4,159	674
	1,475	1,715	-240
	6,934	3,926	3,008
	19,117	11,796	7,321
	1,556	1,749	-193
	15,815	15,934	-119
	4,984	2,795	2,189
	17,918	10,288	7,630
	5,379	3,758	1,621
	49,374	49,478	-104
	1,601	1,122	479
	3,886	3,848	38
	14,753	14,805	-52
	3,139	2,378	761
	1,407	1,564	-157
	5,364	5,220	144
	2,869	2,174	695
	1,916	2,117	-201
	10,818	8,194	2,624
	5,462	3,729	1,733
	5,542	3,787	1,755
	3,706	2,525	1,181
	12,015	8,090	3,925
	26,518	34,278	-7,760
	9,587	10,087	-500
	101		101
	520		520
	50,170	50,306	-136
	892	705	187
	6,515	14,421	-7,906
	80,274	80,253	21
	10,654	8,515	2,139
	12,233	14,723	-2,490
	338	427	-89
	3,153	7,158	-4,005
	1,765	2,085	-320
	16,257	18,001	-1,744
	3,266	7,236	-3,970
	7,553	5,252	2,301
	55,083	54,987	96
	3,601	2,380	1,221
	16,612	51,898	-35,286
	13,239	28,370	-15,131
	1,189	1,628	-439
	33,190	21,376	11,814
	247	155	92
	741	466	275
	1,991	3,516	-1,525
	910	570	340
	7,345	8,109	-764
	12,341	13,165	-824
	2,723	4,432	-1,709
	2,332	1,451	881
	249	155	94
	205	306	-101
	2,523	1,555	968
	5,217	5,714	-497
	10,373	5,292	5,081
	5,940	4,614	1,326
	31,319	31,586	-267
	80,004	80,205	-201
	6,865	5,339	1,526
	13,290	5,960	7,330
	2,242	1,934	308
	9,076	6,717	2,359
	15,050	20,164	-5,114
	7,494	5,100	2,394
	30,344	42,952	-12,608
	13,714	6,697	7,017
	20,122	30,790	-10,668
	2,910	3,739	-829
	6,679	7,379	-700
	4,849	3,185	1,664
	11,249	14,642	-3,393
	1,985	1,748	237
	2,917	3,930	-1,013
	6,113	6,705	-592
	2,360	1,547	813
	7,892	6,709	1,183
	2,341	5,708	-3,367
	624	1,177	-553
	2,326	1,538	788
	34,473	35,656	-1,183
	52,874	53,444	-570
	70,038	70,010	28
	270,148	270,156	-8
	2,623	3,569	-946
	988	2,410	-1,422
	312	588	-276
	5,661	3,825	1,836
	5,985	5,985
	3,098	4,247	-1,149
	9,119	6,115	3,004
	805	1,102	-297
	2,415	2,946	-531
	600	1,522	-922
	200	392	-192
	9,284	6,115	3,169
	1,783	2,145	-362
	2,560	6,596	-4,036
	689	1,373	-684
	12,680	15,401	-2,721
	3,217	3,795	-578
	357	426	-69
	6,325	7,647	-1,322
	2,875	3,412	-537
	1,865	2,185	-320
	1,932	5,455	-3,523
	3,415	7,452	-4,037
	2,108	5,705	-3,597
	3,713	7,943	-4,230
	19,125	19,107	18
	367	986	-619
	733	1,887	-1,154
	1,971	4,217	-2,246
	1,840	5,482	-3,642
	3,916	8,985	-5,069
	1,038	2,595	-1,557
	8,775	16,470	-7,695
	328,445	329,984	-1,539
	35,697	34,626	1,071
	767	1,641	-874
	1,390	2,426	-1,036
	5,719	2,910	2,809
	2,690	1,907	783
	2,793	2,531	262
	2,139	4,924	-2,785
	3,788	6,569	-2,781
	3,201	2,227	974
	20,797	30,600	-9,803
	203,262	219,112	-15,850
	95,000	95,000
	4,671	2,911	1,760
	4,921	8,134	-3,213
	6,840	9,666	-2,826
	3,900	471	3,429
	1,434	1,264	170
	3,172	1,715	1,457
	8,695	10,838	-2,143
	3,463	3,023	440
	2,210	1,191	1,019
	3,332	2,814	518
	34,516	35,712	-1,196
	34,873	37,342	-2,469
	286		286
	404		404
	240		240
	4,946	5,009	-63
	130,000	149,205	-19,205
	5,186	1,991	3,195
	470,294	470,275	19
	4,969	5,000	-31
	4,028	1,574	2,454
	5,054	7,019	-1,965
	45,571	50,885	-5,314
	5,000	5,000
	22,915	10,813	12,102
	6,066	18,768	-12,702
	3,765	10,792	-7,027
	5,000	6,910	-1,910
	7,948	4,760	3,188
	24,938	25,000	-62
	2,693	2,734	-41
	1,288	1,598	-310
	3,534	3,583	-49
	1,520	1,889	-369
	857	1,065	-208
	5,487	6,165	-678
	8,795	5,126	3,669
	1,686	2,075	-389
	1,255	1,496	-241
	3,007	2,354	653
	8,215	3,032	5,183
	50,000	50,000
	1,767	2,085	-318
	1,217	1,437	-220
	7,217	5,615	1,602
	88,731	89,244	-513
	13,367	10,553	2,814
	85,526	85,986	-460
	3,793	1,987	1,806
	765	1,411	-646
	2,747	1,441	1,306
	6,961	6,520	441
	8,215	3,769	4,446
	2,878	1,360	1,518
	9,421	4,705	4,716
	150,000	146,915	3,085
	55,207	55,166	41
	77,067	77,671	-604
	4,174	5,629	-1,455
	5,478	7,583	-2,105
	325	325
	555	1,143	-588
	1,487	2,933	-1,446
	5,700	5,364	336
	3,687	7,171	-3,484
	1,103	2,182	-1,079
	1,191	2,337	-1,146
	3,898	4,733	-835
	4,327	5,779	-1,452
	4,404	8,288	-3,884
	53,816	53,957	-141
	4,285	5,949	-1,664
	4,937	5,891	-954
	937	1,231	-294
	2,812	3,561	-749
	216	395	-179
	6,127	6,097	30
	9,296	12,866	-3,570
	1,166	2,111	-945
	246	438	-192
	6,756	9,399	-2,643
	6,357	8,519	-2,162
	3,532	4,571	-1,039
	1,493	2,666	-1,173
	3,774	7,335	-3,561
	11,746	14,079	-2,333
	920	1,646	-726
	897	1,594	-697
	52,943	51,814	1,129
	1,639	2,946	-1,307
	51,795	51,108	687
	56,838	58,250	-1,412
	249	435	-186
	2,324	4,793	-2,469
	32,034	59,504	-27,470
	3,104	7,240	-4,136
	1,216	1,486	-270
	1,998	3,605	-1,607
	73	145	-72
	13,119	14,926	-1,807
	10,928	13,800	-2,872
	710	1,448	-738
	9,964	4,890	5,074
	305	627	-322
	4,623	7,240	-2,617
	2,482	3,460	-978
	613	1,246	-633
	1,557	3,154	-1,597
	189	382	-193
	4,844	1,545	3,299
	5,569	3,561	2,008
	646	1,085	-439
	3,257	2,961	296
	265	573	-308
	332	716	-384
	1,459	2,502	-1,043
	1,611	1,481	130
	1,421	3,052	-1,631
	1,573	2,694	-1,121
	658	840	-182
	240,000	240,000
	2,682	2,468	214
	8,146	1,022	7,124
	1,353	2,860	-1,507
	383	804	-421
	1,391	1,753	-362
	3,787	3,424	363
	358	709	-351
	94	189	-95
	1,508	3,004	-1,496
	3,214	3,972	-758
	59	73	-14
	487	983	-496
	761	946	-185
	1,596	3,163	-1,567
	1,009	2,010	-1,001
	1,023	1,273	-250
	447	877	-430
			187,730

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			434
b			3,621
c			1,244
d			3,917
e			2,022
			310
			2,778
			2,226
			262
			2,100
			735
			1,525
			483
			1,201
			2,138
			2,871
			730
			1,796
			773
			1,427
			1,820
			671
			191
			16,801
			980
			669
			811
			1,400
			-2,315
			-835
			2,094
			-1,898
			1,399
			-365
			-478
			-828
			-8,839
			-1,765
			-42
			1,653
			-3,286
			-4
			-384
			279
			-46
			70
			-849
			357
			-123
			-97
			306
			4,533
			5,392
			-1,030
			701
			-737
			2,577
			65
			-685
			-2,383
			-491
			564
			4,851
			93
			-3,759
			322
			80
			6,440
			126
			7
			977
			453
			-1,053
			-2,871
			-461
			616
			-160
			4,508
			3,755
			454
			994
			-21,172
			312
			3,235
			1,497
			1,634
			937
			209
			-2
			29
			1,750
			396
			1,342
			-1,417
			8,048
			2,150
			1,063
			4,349
			734
			-628
			-1,073
			487
			1,095
			-2,398
			-7,345
			1,273
			-826
			1,394
			2,849

			1,283
			1,016
			680
			2,335
			179
			4,473
			1,248
			1,125
			1,432
			4,449
			72
			1,741
			659
			196
			3,269
			-279
			984
			1,386
			24
			430
			-186
			4,821
			1,373
			3,318
			6,487
			-195
			65
			2,761
			-6
			-79
			215
			49
			1,486
			771
			197
			120
			402
			-1,234
			-491
			-491
			-747
			264
			-3,907
			-1,026
			255
			-3,525
			226
			380
			-83
			702
			-62

			161
			613
			804
			1,451
			344
			981
			1,465
			1,079
			203
			6,770
			6,282
			5,971
			531
			69
			137
			955
			3,612
			1,368
			6,417
			3,563
			4,658
			12,889
			2,581
			2,845
			4,300
			46
			153
			53
			-1,740
			105
			70
			164
			626
			663
			68
			8,019
			186
			638
			1,246
			144
			6,337
			643
			948
			60
			790
			1,729
			1,158
			1,366
			1,871
			841
			88
			62
			1,394
			1,492
			462
			140
			-2,866
			601
			357
			3,415
			125
			702
			14
			424
			354
			1,104
			2,032
			2,981
			222
			299
			463
			325
			618
			1,352
			46
			-447
			-491
			-1,646
			372
			402
			49
			-72
			-346
			638
			201
			297
			591
			473
			479
			373
			133
			-870
			-42
			161
			3,808
			2,322
			688
			-179
			246
			45
			-1,154
			-1,076
			67
			-730
			576
			-563
			13
			9
			183
			-341
			548
			356
			79
			-892
			1,318
			2,057
			674
			-240
			3,008
			7,321
			-193
			-119
			2,189
			7,630
			1,621
			-104
			479
			38
			-52
			761
			-157
			144
			695
			-201
			2,624
			1,733
			1,755
			1,181
			3,925
			-7,760
			-500
			101
			520
			-136
			187
			-7,906
			21
			2,139
			-2,490
			-89
			-4,005
			-320
			-1,744
			-3,970
			2,301
			96
			1,221
			-35,286
			-15,131
			-439
			11,814
			92
			275
			-1,525
			340
			-764
			-824
			-1,709
			881
			94
			-101
			968
			-497
			5,081
			1,326
			-267
			-201
			1,526
			7,330
			308
			2,359
			-5,114
			2,394
			-12,608
			7,017
			-10,668
			-829
			-700
			1,664
			-3,393
			237
			-1,013
			-592
			813
			1,183
			-3,367
			-553
			788
			-1,183
			-570
			28
			-8
			-946
			-1,422
			-276
			1,836

			-1,149
			3,004
			-297
			-531
			-922
			-192
			3,169
			-362
			-4,036
			-684
			-2,721
			-578
			-69
			-1,322
			-537
			-320
			-3,523
			-4,037
			-3,597
			-4,230
			18
			-619
			-1,154
			-2,246
			-3,642
			-5,069
			-1,557
			-7,695
			-1,539
			1,071
			-874
			-1,036
			2,809
			783
			262
			-2,785
			-2,781
			974
			-9,803
			-15,850

			1,760
			-3,213
			-2,826
			3,429
			170
			1,457
			-2,143
			440
			1,019
			518
			-1,196
			-2,469
			286
			404
			240
			-63
			-19,205
			3,195
			19
			-31
			2,454
			-1,965
			-5,314

			12,102
			-12,702
			-7,027
			-1,910
			3,188
			-62
			-41
			-310
			-49
			-369
			-208
			-678
			3,669
			-389
			-241
			653
			5,183

			-318
			-220
			1,602
			-513
			2,814
			-460
			1,806
			-646
			1,306
			441
			4,446
			1,518
			4,716
			3,085
			41
			-604
			-1,455
			-2,105

			-588
			-1,446
			336
			-3,484
			-1,079
			-1,146
			-835
			-1,452
			-3,884
			-141
			-1,664
			-954
			-294
			-749
			-179
			30
			-3,570
			-945
			-192
			-2,643
			-2,162
			-1,039
			-1,173
			-3,561
			-2,333
			-726
			-697
			1,129
			-1,307
			687
			-1,412
			-186
			-2,469
			-27,470
			-4,136
			-270
			-1,607
			-72
			-1,807
			-2,872
			-738
			5,074
			-322
			-2,617
			-978
			-633
			-1,597
			-193
			3,299
			2,008
			-439
			296
			-308
			-384
			-1,043
			130
			-1,631
			-1,121
			-182

			214
			7,124
			-1,507
			-421
			-362
			363
			-351
			-95
			-1,496
			-758
			-14
			-496
			-185
			-1,567
			-1,001
			-250
			-430

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	213,348
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 ...................		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? Yes No

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	748,477	20,725,899	0.036113
2013	701,692	19,256,852	0.036439
2012	657,903	17,420,253	0.037767
2011	642,711	17,179,448	0.037412
2010	693,455	16,113,222	0.043036

Total of line 1, column (d) .....................

20.190767

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 . . .

0.038153

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

20,607,179

Multiply line 4 by line 3......................

786,226

Enter 1% of net investment income (1% of Part I, line 27b)...........

5,114

Add lines 5 and 6........................

791,340

Enter qualifying distributions from Part XII, line 4.............

851,483

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	5,114
	hereand 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	5,114
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	5,114
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	27,715
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	27,715
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	22,601
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax5,116	Refunded	11	17,485

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Yes

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Telephone no. bullet

(410) 537-5465

Located at bullet

901 S BOND STREET SUITE 400BALTIMOREMD ZIP+4 bullet

21231

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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-)
ALBERT J A YOUNG	TRUSTEE 40	54,536
200 SOUTH MAIN STREET BEL AIR,MD21014	TRUSTEE 40	54,536
BROWN INVESTMENT ADVISORY	INVESTMENT MGR 40	0
901 S BOND STREET BALTIMORE,MD21231	INVESTMENT MGR 40	0

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...................				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............. 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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

20,067,672

Average of monthly cash balances.......................

853,322

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

20,920,994

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

20,920,994

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

313,815

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

20,607,179

Minimum investment return. Enter 5% of line 5..................

1,030,359

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

1,030,359

Tax on investment income for 2015 from Part VI, line 5......

5,114

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

5,114

Distributable amount before adjustments. Subtract line 2c from line 1............

1,025,245

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,025,245

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

1,025,245

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

851,483

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

851,483

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).................

5,114

Adjusted qualifying distributions. Subtract line 5 from line 4..............

846,369

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					1,025,245
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				595,725
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 851,483
a Applied to 2014, but not more than line 2a				595,725
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.....					255,758
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					769,487
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ST JOAN OF ARC CATHOLIC CHURCH ATTN PASTOR 222 S LAW STREET ABERDEEN,MD210013397		EXEMPT-CHURCH	FINANCIAL SUPPORT	796,947
Total ................................. 3a				796,947

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	404,148
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	213,348
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)..				617,496

13Total. Add line 12, columns (b), (d), and (e)..................

13617,496

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORP BONDS	1,225,151	1,204,356
FIXED INC MUTUAL FUNDS	2,349,749	2,337,432
FOREIGN BONDS	126,648	124,945
TAXABLE MUNI BONDS	276,705	280,043
EXEMPT MUNI	102,309	101,795

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	6,974,615	8,167,725
MUTUAL FUNDS	3,394,148	3,920,483
PREFERRED STOCK	80,253	84,446
FOREIGN STOCK	1,070,890	1,296,923
PRIVATE EQUITY	173,432	295,291

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PARTNERSHIP ORDINARY INCOME		3,077
PARTNERSHIP PORTFOLIO INCOME		4,423
GAIN LOSS ON K-1S		23,315
PARTNERSHIP PORTFOLIO DEDUCTIONS		-6,837

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES-PRIN	101,854	101,854
INVESTMENT FEES-INCOME	476	476

Category	Amount	Net Investment Income
FOREIGN TAXES	7,959	7,959
FEDERAL EXCISE TAX	13,504	0
QUARTERLY TAX DEPOSIT	13,504	0
STATE TAXES PAID BY PTE		1,547

Description	Amount
2016 ACCRUED INTEREST PAID IN 2015	1,938
OTHER BK VALUE ADJUSTMENTS	437

Description	Amount
2015 ACCRUED INTEREST PAID IN 2014	766
PRINCIPAL ON NOTES	5,921