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
CALLAGHAN FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)1916 SPRUCE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARMEL, IN46033
A Employer identification number

46-4371904
B Telephone number (see instructions)

(317) 988-2624
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$442,699J 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)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 19,956 19,956  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -13,271
b Gross sales price for all assets on line 6a 210,742
7 Capital gain net income (from Part IV, line 2)...  
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........ 6,685 19,956  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 7,173     7,173
b Accounting fees (attach schedule)....... Click to see attachment 7,744     7,744
c Other professional fees (attach schedule).... Click to see attachment 6,629 6,629    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 587 587    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,133 7,216   14,917
25 Contributions, gifts, grants paid....... 29,450 29,450
26 Total expenses and disbursements. Add lines 24 and 25 51,583 7,216   44,367
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -44,898
b Net investment income (if negative, enter -0-) 12,740
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 17,529 11,460 11,460
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)....... 453,625 Click to see attachment412,770 401,198
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).......... 29,814 Click to see attachment30,874 30,041
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 500,968 455,104 442,699
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 500,968 455,104
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)..... 500,968 455,104
31 Total liabilities and net assets/fund balances (see instructions). 500,968 455,104
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
500,968
2
Enter amount from Part I, line 27a .....................
2
-44,898
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
400
4
Add lines 1, 2, and 3 ..........................
4
456,470
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,366
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
455,104
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 210,236   224,013 -13,777
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -13,777
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -13,271
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 34,348 518,974 0.066184
2013   20,725  
2012      
2011      
2010      
2
Total of line 1, column (d) .....................
20.066184
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
0.066184
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
471,373
5
Multiply line 4 by line 3......................
5
31,197
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
127
7
Add lines 5 and 6........................
7
31,324
8
Enter qualifying distributions from Part XII, line 4.............
8
44,367
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 1 127
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 127
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 127
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 400
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.............. 7 400
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 273
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet273 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
 
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)
    bulletIN
    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 ofbulletSHEILA CALLAGHAN Telephone no.bullet (317) 844-7153

    Located atbullet1916 SPRUCE DRIVECARMELIN ZIP+4bullet46033
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOHN T CALLAGHAN PRESIDENT
    1.00     		0 0 0
    1916 SPRUCE DR
    CARMEL,IN46033
    SHEILA A CALLAGHAN VICE PRESIDE
    1.00     		0 0 0
    1916 SPRUCE DR
    CARMEL,IN46033
    J VICTORIA CASTOR LEGAL COUNSE
    1.00     		0 0 0
    15131 CHAMPION CIRCLE
    CARMEL,IN46033
    DEBORAH L CALLAGHAN-SHEA SECRETARY
    1.00     		0 0 0
    4006 BIG HORN BEND
    SAN ANTONIO,TX78253
    JEAN M CALLAGHAN-HOSKINS TREASURER
    1.00     		0 0 0
    18 HOP LEAF TRAIL
    SAN ANTONIO,TX78256
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    458,030
    b
    Average of monthly cash balances.......................
    1b
    20,521
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    478,551
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    478,551
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    7,178
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    471,373
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    23,569
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    23,569
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    127
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    127
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    23,442
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    23,442
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    23,442
    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
    44,367
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    44,367
    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
    127
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    44,240
    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 23,442
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014...... 9,001
    fTotal of lines 3a through e........ 9,001
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 44,367
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 23,442
    e Remaining amount distributed out of corpus 20,925
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 29,926
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		29,926
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014.... 9,001
    e Excess from 2015.... 20,925
    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).)
    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
    BELLARMINE UNIVERSITY
    2001 NEWBURG RD
    LOUISVILLE,KY40205     		NONE PC EDUCATION 600
    BRESCIA COLLEGE
    717 FREDERICA ST
    OWENSBORO,KY423013023     		NONE PC EDUCATION 350
    CATHOLIC RELIEF SERVICES
    228 W LEXINGTON ST
    BALTIMORE,MD212013443     		NONE PC HUMANITARIAN AID 2,500
    COMBINED FEDERAL CAMPAIGN
    PO BOX 625
    INDIANAPOLIS,IN462060625     		NONE PC VARIOUS CHARITIES 1,000
    FOOD FOR THE POOR
    6401 LYONS RD
    COCONUT CREEK,FL33073     		NONE PC HUMANITARIAN AID 2,500
    GONZAGA COLLEGE HIGH SCHOOL
    19 EYE ST
    WASHINGTON,DC20001     		NONE PC SCHOLARSHIPS 300
    HOPE FOR THE FUTURE
    2718 W WOODLAWN AVE
    SAN ANTONIO,TX78228     		NONE PC SCHOLARSHIPS 2,500
    LITTLE SISTERS OF THE POOR
    ST AUGUSTINE'S HOME
    2345 W 86TH ST
    INDIANAPOLIS,IN46262     		NONE PC HOME FOR THE ELDERLY 2,500
    OWENSBORO CATHOLIC HIGH SCHOOL
    1524 W PARRISH AVE
    OWENSBORO,KY423013595     		NONE PC EDUCATION 100
    RILEY CHILDREN'S FOUNDATION
    30 S MERIDIAN ST STE 200
    INDIANAPOLIS,IN462043509     		NONE PC PEDIATRIC RESEARCH AND MEDICAL CARE 2,500
    SOCIETY OF ST VINCENT DE PAUL
    PO BOX 831074
    SAN ANTONIO,TX78283     		NONE PC AID FOR THE NEEDY 2,500
    ST ELIZABETH ANN SETON PARISH
    10655 HAVERSTICK RD
    CARMEL,IN46033     		NONE PC BUILDING AND MAINTENANCE FUND 2,000
    ST ELIZABETH COLEMAN
    2500 CHURCHMAN AVE
    INDIANAPOLIS,IN46203     		NONE PC PREGNANCY AND ADOPTION SERVICES 2,500
    ST FRANCIS OF ASSISI SCHOOL
    PO BOX 4060
    GALLUP,NM87305     		NONE PC EDUCATION 2,500
    ST MARY'S CHILD CENTER
    901 DR MARTIN LUTHER KING
    INDIANAPOLIS,IN46202     		NONE PC PRESCHOOL AND EDUCATION OUTREACH 2,500
    UNITED WAY OF CENTRAL INDIANA
    3901 N MERIDIAN ST
    PO BOX 88409
    INDIANAPOLIS,IN462080409     		NONE PC VARIOUS CHARITIES 2,500
    UNIVERSITY OF DAYTON
    300 COLLEGE PARK
    DAYTON,OH45469     		NONE PC SCHOLARSHIPS 100
    Total .................................bullet 3a 29,450
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 19,956  
    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 -13,271  
    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)..   6,685  
    13Total. Add line 12, columns (b), (d), and (e)..................
    136,685
    (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

    TY 2015 AccountingFeesSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN:
    46-4371904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/TAX RETURN PREPARATIO 7,744     7,744

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN:
    46-4371904
    Name of Stock End of Year Book Value End of Year Fair Market Value
    69 SH ABB LTD-SPONS ADR    
    104 SH ABB LTD-SPONS ADR 2,437 1,844
    111 SH ABBOTT LABORATORIES 4,793 4,985
    77 SH ABBVIE INC    
    51 SH ABBVIE INC 2,697 3,021
    41 SH ACCENTURE PLC IRELAND 3,967 4,285
    44 SH ADOBE SYSTEMS INC 3,471 4,133
    134 SH ALLIANZ SE-ADR 2,286 2,361
    5 SH ALPHABET INC VOTING CAP STK 3,259 3,890
    8 SH ALPHABET INC NON VOTING 4,972 6,071
    157 SH AMERICAN WATER WORKS CO INC    
    28 SH AMERICAN WATER WORKS CO 1,292 1,673
    32 SH APPLE INC 3,719 3,368
    119 SH ARES CAPITAL CORP    
    57 SH ARES CAPITAL CORP 985 812
    16 SH ASTRAZENECA PLC    
    98 SH ASTRAZENECA PLC 3,273 3,327
    105 SH AT&T INC    
    48 SH AT&T INC 1,656 1,652
    49 SH AUTOMATIC DATA PROCESSING 3,826 4,151
    85 SH BAE SYSTEMS PLACE    
    163 SH BAE SYSTEMS PLACE 4,558 4,801
    56 SH BANK MONTREAL QUEBEC    
    25 SH BANK MONTREAL QUEBEC 1,715 1,411
    51 SH BAXTER INTERNATIONAL    
    17 SH BAYER AG SPONS ADR    
    15 SH BAYER AG SPONS ADR 1,976 1,873
    109 SH BCE INC    
    99 SH BCE INC 4,342 3,823
    50 SH BHP BILLITON LTD    
    48 SH BHP BILLITON LTD 2,560 1,237
    122 SH BNP PARIBAS ADR    
    124 SH BNP PARIBAS ADR 4,664 3,504
    27 SH BOC HONG KONG HOLDINGS    
    31 SH BOC HONG KONG HOLDINGS 2,070 1,882
    43 SH BRITISH AMERN TOB PLC SPON ADR 4,906 4,749
    94 SH CANADIAN OIL SANDS LTD    
    7 SH CARE CAP PPTYS INC 232 214
    26 SH CELGENE CORP 3,184 3,114
    167 SH CISCO SYSTEMS INC    
    117 SH CISCO SYSTEMS INC 3,129 3,177
    68 SH CME GROUP INC    
    18 SH CME GROUP INC 1,718 1,631
    13 SH CNOOC LTD-ADR    
    12 SH CNOOC LTD-ADR 2,266 1,253
    62 SH COACH INC 2,360 2,029
    92 SH COVANTA HOLDING CORP    
    43 SH COVANTA HOLDING CORP 872 666
    48 SH DEUTSCHE POST AG SPON ADR    
    46 SH DEUTSCHE POST AG SPON ADR 1,388 1,278
    292 SH DEUTSCHE TELEKOM AD SPON ADR    
    203 SH DEUTSCHE TELEKOM 3,233 3,630
    80 SH DIGITAL REALTY TRUST INC    
    37 SH DIGITAL REALTY TRUST INC 2,001 2,798
    49 SH DOMTAR CORP 2,172 1,811
    54 SH EATON CORP    
    24 SH EATON CORP 1,787 1,249
    75 SH ENGIE SPON ADR 1,925 1,320
    52 ENSCO PLC CLASS A    
    31 SH FACEBOOK INC CLASS A 2,858 3,244
    81 SH FASTENAL CO 3,089 3,306
    34 SH GARTNER INC 2,934 3,084
    147 GDF SUEZ SPON ADR    
    282 GENERAL ELECTRIC COMPANY    
    114 SH GENERAL ELECTRIC COMPANY 3,180 3,551
    184 SH GLAXOSMITHKLINE PLC-ADR    
    141 SH GLAXOSMITHKLINE PLC-ADR 7,850 5,689
    44 SH GOLAR LNG LTD    
    125 SH HCP INC    
    57 SH HCP INC 2,414 2,180
    127 SH HONDA MOTOR LTD NEW 4,105 4,055
    144 SH HOSPITALITY PROPERTIES REIT T    
    64 SH HOSPITALITY PROPERTIES 1,865 1,674
    191 SH HOST HOTELS & RESORTS    
    85 SH HOST HOTELS & RESORTS 1,786 1,304
    78 SH HSBC HOLDINGS PLC-SPON ADR    
    58 SH HSBC HOLDINGS PLC-SPONS 2,843 2,289
    56 SH IMPERIAL TOB GROUP PLC SPON AD    
    39 SH IMPERIAL TOB GROUP PLC SPONS 3,442 4,124
    8 SH INDIVIOR PLC UNSPON ADR    
    84 SH INTEL CORP    
    19 SH J M SMUCKER CO 2,360 2,343
    93 SH JAPAN TOBACCO INC ADR UNSPON    
    274 SH JAPAN TOBACCO INC ADR UNSPON 4,834 5,090
    62 SH JOHNSON & JOHNSON    
    28 SH JOHNSON & JOHNSON 2,795 2,876
    245 SH KINDER MORGAN INC DEL    
    79 SH KIRIN HOLDINGS CO LTD SPON ADR    
    122 SH LAMAR ADVERTISING CO NEW CL A    
    58 SH LAMAR ADVERTISING CO NEW 2,876 3,479
    29 SH LUKOIL OIL CO SPONS ADR RUSSIA    
    80 SH LYONDELLBASELL INDUSTRIES AF S    
    27 SH LYONDELLBASELL INDUSTRIES 2,033 2,346
    171 SH MANULIFE FINL CORP    
    212 SH MANULIFE FINL CORP 3,792 3,176
    19 SH MASTERCARD INC CL A 1,730 1,850
    98 SH MAXIM INTEGRATED PRODS INC    
    23 SH MAXIM INTEGRATED PRODS 730 874
    120 SH MERCK & CO INC NEW    
    55 SH MERCK & CO INC NEW 3,151 2,905
    154 SH MICHELIN UNSP ADR 2,987 2,936
    101 SH MICROCHIP TECHNOLOGY INC    
    46 SH MICROCHIP TECHNOLOGY 2,135 2,141
    125 SH MICROSOFT CORP    
    57 SH MICROSOFT CORP 2,282 3,162
    143 SH MTN GROUP LTD-SPONS ADR    
    152 SH MTN GROUP LTD-SPONS ADR 2,986 1,287
    169 SH MUENCHENER RUECKVERSICKERUNGS    
    207 SH MUENCHENER RUECKVERSICHERUNGS 4,452 4,137
    72 SH NESTLE S A REG ADR    
    115 SH NESTLE S A REG ADR 8,496 8,558
    106 SH NIKE INC CLASS B 5,914 6,625
    138 SH NIPPON TELEGRAPH & TELEPHONE    
    61 SH NIPPON TELEGRAPH & TELEPHONE 1,639 2,424
    121 SH NISOURCE INC    
    55 SH NISOURCE INC 710 1,073
    309 SH NORTH ATLANTIC DRILLING LTD    
    91 SH NOVARTIS AG SPON ADR    
    62 SH NOVARTIS AG SPON ADR 5,238 5,335
    57 SH OMEGA HEALTHCARE REIT INVESTOR    
    25 SH OMEGA HEALTHCARE REIT INVESTOR 863 874
    173 SH ONEOK INC NEW    
    78 SH ONEOK INC NEW 4,025 1,924
    14 SH O'REILLY AUTOMOTIVE INC 3,428 3,548
    111 SH ORACLE CORPORATION 4,168 4,055
    469 SH ORKLA ASA SPON ADR A    
    353 SH ORKLA ASA SPON ADR A 2,900 2,766
    61 SH PEMBINA PIPELINE CORP    
    29 SH PEMBINA PIPELINE CORP 1,101 631
    188 SH PEOPLE'S UNITED FINANCIAL    
    87 SH PEOPLE'S UNITED FINANCIAL 1,252 1,405
    38 SH PERUSAHAAN PERSEROAN PERSERO P    
    22 SH PERUSAHAAN PERSEROAN PERSPERO 898 977
    117 SH PFIZER INCORPORATED    
    54 SH PFIZER INCORPORATED 1,659 1,743
    96 SH PLAINS GP HOLDINGS LP 1,774 907
    4 SH PRICELINE GROUP INC 5,141 5,100
    38 SH PROCTER & GAMBLE 2,712 3,018
    211 SH RECKITT BENCKISER PLC SPON    
    9 SH REGENERON PHARMACEUTICAL 4,801 4,886
    78 SH REXAM PLC SPON ADR    
    39 SH REXAM PLC SPON ARD 1,596 1,744
    63 SH RIOCAN REAL ESTATE INVT TR UN    
    56 SH RIOCAN REAL ESTATE INVT 1,379 969
    1 SH RMR GRP INC/THE 12 14
    107 SH ROCHE HOLDINGS LTD ADR    
    136 SH ROCHE HOLDINGS LTD ADR 4,831 4,688
    39 SH ROYAL DUTCH SHELL PLC    
    26 SH ROYAL DUTCH SHELL PLC 2,004 1,197
    74 SH SANOFI ADR    
    78 SH SANOFI ADR 4,119 3,327
    70 SH SEAGATE TECHNOLOGY PLC    
    34 SH SEAGATE TECHNOLOGY PLC 1,792 1,246
    82 SH SENIOR HOUSING PROP TR REIT    
    37 SH SENIOR HOUSING PROP TR REIT 833 549
    24 SH SIEMENS A G - ADR    
    34 SH SIEMENS A G - ADR 4,110 3,270
    143 SH SINGAPORE TELECOMMUNICATIONS    
    99 SH SINGAPORE TELECOMMUNICATIONS 2,960 2,549
    72 SH SMITHS GROUP PLC SPON ADR    
    169 SH SMITHS GROUP PLC SPON ADR 3,253 2,322
    228 SH SPECTRA ENERGY CORP    
    100 SH SPECTRA ENERGY CORP 3,698 2,394
    153 SH SSE PLC SPONSORED ADR    
    216 SH SSE PLC SPONSORED ADR 5,414 4,831
    96 SH STARBUCKS CORP 5,420 5,763
    135 SH STATOIL ASAA    
    136 SH STATOIL ASAA 3,112 1,899
    62 SH STMICROELECTRONICS N V 479 413
    62 SH TJX COS INC NEW 4,442 4,396
    21 SH TORONTO DOMINION 822 823
    58 SH TOTAL S.A. SPONS ADR    
    72 SH TOTAL S.A. SPONS ADR 4,463 3,236
    204 SH UBS GROUP AG 3,804 3,952
    102 SH UNILEVER N V    
    92 SH UNILVEVER N V 3,807 3,985
    88 SH UNITED OVERSEAS BK LTD    
    70 SH UNITED OVERSEAS BK LTD 2,440 1,929
    64 SH VENTAS INC    
    29 SH VENTAS INC 1,617 1,636
    50 SH VERIZON COMMUNICATIONS    
    22 SH VERIZON COMMUNICATIONS 1,011 1,017
    91 SH VISA INC CLASS A 6,396 7,057
    164 SH VODAFONE GROUP PLC NEW SPON    
    141 SH VODAFONE GROUP PLC NEW 5,297 4,549
    172 SH WEYERHAEUSER CO    
    118 SH WEYERHAEUSER CO 4,032 3,538
    200 SH WILLIAMS COMPANIES    
    92 SH WILLIAMS COMPANIES 3,795 2,364
    163 SH ZURICH INSURANCE GROUP ADR    
    119 SH ZURICH INSURANCE GROUP 3,385 3,049
    38 AEB AEGON N.V. FLOATING RAT    
    31 AEB AEGON N.V. FLOATING RAT 693 748
    102 AEH AEGON N.V. 6.375% PFD NON-CU    
    58 AEH AEGON N.V. 6.375% PFD NON-CUM 1,495 1,495
    48 AEK AEGON N.V. 8% PFD 25 PAR    
    27 AEK AEGON N.V. 8% PFD 25 PAR NON 772 744
    11 MGR AFFILIATED MGRS 6.375% PFD    
    9 MGR AFFILIATED MGRS 6.375% PFD GRO 226 240
    14 AFSD AFLAC INC 5.5% PFD SUB DEB    
    36 AFSD AFLAC INC 5.5% PFD SUB DEB-M 905 930
    13 ARE'E ALEXANDRIA REAL 6.45% PFD    
    11 ARE'E ALEXANDRIA REAL 6.45% PFD E 271 283
    29 ALL'E ALLSTATE 6.625% PFD PERP PR    
    24 ALL'E ALLSTATE 6.625% PFD PERP P 617 666
    13 ALL'C ALLSTATE CORP 6.75% PFD C    
    11 ALL'C ALLSTATE CORP 6.75% PFD SER 285 304
    8 ALL'B ALLSTATE 5.1% PFD FIX TO FL    
    7 ALL'B ALLSTATE 5.1% PFD FIX TO FLO 176 173
    8 AFGH AMERICAN FIN GRP 6% PFD SUB N 200 205
    8 AFA AMERICAN FIN AGP 5.75% PFD    
    7 AFA AMERICAN FIN AGP 5.75% PFD PRE 170 181
    18 AFGE AMERICAN FINANCIAL PFD 6.25%    
    16 AFGE AMERICAN FINANCIAL PFD GROUP 392 417
    18 AFW AMERICAN FINL 6.375% PFD SR    
    14 AFW AMERICAN FINL 6.375% PFD GRP 358 365
    38 ARH'C ARCH CAP GRP 6.75% PFD PERP    
    32 ARH'C ARCH CAP GRP 6.75% PFD PERP 819 860
    39 AXS'C AXIS CAP HLDG 6.875% PFD C    
    32 AXS'C AXIS CAP HLDG 6.875% PFD SE 817 858
    17 AXS'D AXIS CAPITAL 5.5% PFD CALLB    
    14 AXS'D AXIS CAPITAL 5.5% PFD CALLA 295 354
    45 BAC'D BANK AMERICA CORP 6.204% D    
    31 BAC'D BANK AMERICA CORP 6.204% 773 801
    102 BK'C BANK NEW YORK 5.2% PFD MELL    
    84 BK'C BANK NEW YORK 5.2% PFD MELLO 1,942 2,169
    75 BAC'W BANK OF AMER 6.625% PFD    
    74 BAC'W BANK OF AMER 6.625% PFD 1,868 1,979
    32 BAC'I BANK OF AMERICA PFD SUP-RG    
    BML'I BANK OF AMERICA PFD 6.625% 690 722
    23 BML'I BANK OF AMERICA PFD 6.375%    
    19 BML'I BANK OF AMERICA PFD 6.375% 476 488
    91 BAC'Y BANK OF AMERICA 6.50% PFD S 2,302 2,432
    52 BCS' BARCLAYS BK PLC 6.625% NONC    
    19 BCS' BARCLAYS BK PLC 6.625% 483 492
    15 BBT'F BB&T CORP 5.2% DEP PFD    
    20 BBT'F BB&T CORP 5.2% DEP PFD 453 502
    55 BBT'G BB&T CORP SER G 5.2% PFD    
    46 BBT'G BB&T CORP SER G 5.2% 982 1,162
    76 BBT'E BB&T CORP 5.625% PFD E NON    
    70 BBT'E BB&T CORP 5.625% PFD SER 1,612 1,828
    28 BBT'D BB&T CORP 5.85% PFD PERP PR    
    23 BBT'D BB&T CORP 5.85% PFD PERPETU 552 608
    28 COF'C CAPITAL ONE FIN PFD 6.25% C    
    23 COF'C CAPITAL ONE FIN CORP PFD 561 608
    33 COF'D CAPITAL ONE FIN 6.7% PFD    
    35 COF'D CAPITAL ONE FIN 6.7% PFD NO 892 964
    16 COF'F CAPITAL ONE FIN CORP PFD 398 421
    105 COF'P CAPITAL ONE FINL 6% PFD    
    86 COF'P CAPITAL ONE FINL 6% PFD DEP 2,035 2,228
    75 SCHW'C CHARLES SCHWAB 6% PFD 1,893 2,020
    40 SCHW'B CHARLES SCHWAB 6% PFD    
    26 SHCW'B CHARLES SCHWAB 6% PFD 658 696
    25 C'N CITIGROUP CAP TR XIII 7.875%    
    23 C'K CITIGROUP INC VAR PFD SER K    
    58 C'K CITIGROUP INC VAR PFD NON-CUM 1,566 1,616
    50 C'C CITIGROUP INC 5.8% PFD SER C    
    33 C'C CITIGROUP INC 5.8% PFD DEP SH 767 856
    15 C'L CITIGROUP INC 8.875% SER L    
    25 C'L CITIGROUP INC 6.875% PFD PERP 654 687
    26 C'J CITIGROUP VAR FIX-FLOAT    
    22 C'J CITIGROUP VAR 7.125% PFD FIX- 593 616
    9 CCV COMCAST CORP 5% PFD 25 PAR    
    16 CCV COMCAST CORP 5% PFD 25 PAR-S 398 411
    97 DXB DB CONT CAP TR 6.55%    
    80 DXB DB CONT CAP TR 6.55% 2,094 2,053
    12 DUA DEUTSCHE BANK 6.375% CAP VII    
    14 DLR'G DIGITAL REALTY 5.875% SER G    
    12 DLR'G DIGITAL REALTY 5.875% PFD 257 299
    13 DLR'F DIGITAL REALTY 6.625% SER F    
    11 DLR'F DIGITAL REALTY 6.625% PFD 264 288
    12 DLR'E DIGITAL REALTY 7% E    
    10 DLR'E DIGITAL REALTY 7% PFD CALLA 249 258
    14 DLR'H DIGITAL RLTY TR 7.375% H    
    12 DLR'H DIGITAL RLTY TR 7.375% PFD 301 323
    8 DTQ DTE ENERGY CO 5.25% PRD JR C    
    7 DTQ DTE ENERGY CO 5.25% PFD 164 174
    12 DTZ DTE ENERGY 6.5% JR SUB    
    10 DTZ DTE ENERGY 6.5% PFD JR SUB NO 256 265
    25 DUKH DUKE ENERGY 5.125% PFDJR SUB    
    21 DUKH DUKE ENERGY 5.125% PFD JR 495 539
    9 EAA ENTERGY ARKANSAS 5.575% PFD    
    7 EAA ENTERGY ARKANSAS 5.75% PFD FIR 178 179
    11 ELB ENTERGY LOUISIANA 6% PFD    
    7 ELA ENTERGY LOUISIANA 5.875%    
    6 ELA ENTERGY LOUISIANA 5.785% FIRST 151 152
    14 EMZ ENTERGY MISS 6% PFD FIRST MTG    
    12 EMZ ENTERGY MISS 6% PFD FIRST MTG 305 312
    63 GEB GE CAP CORP 4.875% PFD SR NT    
    52 GEB GE CAP CORP 4.875% PFD FIXED 1,235 1,335
    64 GEK GE CAP CORP 4.7% PFD SR NOTES    
    53 GEK GE CAP CORP 4.7% PFD FIXED 1,196 1,350
    40 GEH GE CAP CORP 4.875% SR    
    32 GEH GE CAP CORP 4.875% PFD FIXED 760 822
    54 GS'J GOLDMAN SACHS VAR PFD J    
    91 GS'J GOLDMAN SACHS VAR PFD FXD 2,203 2,356
    43 GS'K GOLDMAN SACHS VAR PFD    
    35 GS'K GOLDMAN SACHS VAR PFD 895 973
    84 GSF GOLDMAN SACHS 6.125% PFD SR    
    86 GSJ GOLDMAN SACHS 6.5% PFD GRP SR    
    40 GSJ GOLDMAN SACHS 6.5% PFD 1,052 1,052
    19 HGH HARTFORD FINL 7.875% PFD SVCS    
    16 HGH HARTFORD FINL 7.875% PFD 471 506
    19 HCN'J HEALTH CARE REIT 6.5% PFD J    
    28 HPT'D HOSPITALITY 7.125% PRPTY TR    
    23 HPT'D HOSPTIALITY 7.125% PFD 592 594
    22 HSEB HSBC HOLDINGS 8% PFD    
    53 ISF ING GROEP NV 6.375% PFD PRPTL    
    18 ISF ING GROEP NV 6.375% PFD PRPTY 455 464
    38 ISG ING GROEP NV 6.125% PERP DENT    
    25 ISG ING GROEP NV 6.125% PERPETUAL 625 638
    26 ISP ING GROEP 6.2% CUM PERP DEBT    
    22 ISP ING GROUP 6.2% CUM PERPETUAL 553 561
    109 IEH INTEGRYS ENERGY 6% PFD JR    
    90 IEHPP INTEGRYS ENERGY 6% PFD 2,279 2,320
    30 JPM'E JPMORGAN CHASE & CO PF 6.3%    
    24 JPM'E JPMORGAN CHASE & CO PFD 600 630
    104 JPM'D JPMORGAN CHASE 5.5% PFD O    
    75 JPM'D JPMORGAN CHASE 5.5% PFD PEP 1,700 1,899
    66 JPM'A JPMORGAN CHASE 5.45% P    
    55 JPM'A JPMORGAN CHASE 5.45% PFD DE 1,242 1,388
    39 JPM'B JPMORGAN 6.7% PFD    
    32 JPM'B JPMORGAN 6.7% PFD 821 879
    36 JPM'F JPMORGAN 6.125% PFD 908 940
    8 KIM'J KIMCO REALTY 5.5% CLASS J    
    6 KIM'J KIMCO REALTY 5.5% PFD PREFER 130 149
    14 KIM'K KIMCO REALTY 5.625% SER K    
    11 KIM'K KIMCO REALTY 5.625% PFD DEP 243 278
    28 KIM'H KIMCO REALTY 6.9% SER H    
    38 KIM'I KIMCO REALTY 6% SER I    
    31 KIM'I KIMCO REALTY 6% SER 729 803
    98 LYG'A LLOYDS BKG GRP PLC 7.75%    
    36 MER'K MERRILL LYNCH 6.45% CAP TR    
    54 MER'M MERRILL L 6.45% PF CP TR II    
    22 MS'A MORGAN STANLEY PFD SER A    
    18 MS'A MORGAN STANLEY PFD SER A 368 374
    54 MS'E MORGAN STANLEY VAR PFD SER E    
    58 MS'E MORGAN STANLEY VAR PFD 1,590 1,660
    34 MS'F MORGAN STANLEY VAR PFD SER F    
    28 MS'F MORGAN STANLEY VAR PFD 739 778
    24 MWO MORGAN STANLEY 5.75% CAP TR V    
    15 MWR MORGAN STAN 6.25% TR CAP III    
    38 MS'G MORGAN STAN 6.25% PFD NONCUM    
    57 MS'G MORGAN STAN 6.625% PFD 1,455 1,536
    33 NNN'D NATIONAL RETAIL 6.625% D    
    27 NNN'D NATIONAL RETAIL 6.625% PFD 670 705
    13 NEE'G NEXTERA ENERGY 5.7% PFD JR    
    11 NEE'G NEXTERA ENERGY 5.7% PFD 264 282
    13 NEE'H NEXTERA ENERGY 5.625% SER H    
    11 NEE'H NEXTERA ENERGY 5.625% PFD 260 280
    19 NEE'J NEXTERA ENERGY 5% JR SUB J    
    15 NEE'J NEXTERA ENERGY 5% PFD 313 371
    34 NEE'I NEXTERA ENERGY 5.125% I    
    28 NEE'I NEXTERA ENERGY 5.125% PFD 610 699
    9 PRE'D PARTNER RE 6.5% SER D    
    30 PRE'F PARTNERRE LTD 5.875%    
    18 PRE'E PARTNERRE LTD 7.25%    
    146 PNC'P PNC FINANCIAL VAR PFD    
    121 PNC'P PNC FINANCIAL VAR PFD 3,222 3,454
    14 PPX PPL CAPITAL FDG 5.9% SER B    
    12 PPX PPL CAPITAL FDG 5.9% PFD JR 284 310
    17 PL'C PROTECTIVE LIFE 6.25%    
    14 PL'C PROTECTIVE LIFE 6.25% 350 367
    14 PRH PRUDENTIAL FIN 5.7%    
    11 PRH PRUDENTIAL FIN 5.7% 267 284
    22 PJH PRUDENTIAL 5.75%    
    18 PJH PRUDENTIAL 5.75% 438 464
    9 PSB'V PS BUS PARKS 5.7% SER V    
    7 PSB'V PS BUS PARKS 5.7% SER V 158 175
    14 PSB'U PS BUS PARKS 5.75% SER U    
    11 PSB'U PS BUS PARKS 5.75% PFD PERP 248 276
    38 PSB'T BUS PARKS 6% PFD SER T    
    32 PSB'T BUS PARKS 6% PFD PREFERRED 750 817
    24 PSB'S PS BUSINESS PK 6.45% SER S    
    20 PSB'S PS BUSINESS PK 6.45% PFD 503 527
    43 PSA'T PUBLIC STORAGE 5.75% PFD T    
    36 PSA'T PUBLIC STORAGE 5.75% PFD 855 927
    41 PSA'S PUBLIC STORAGE 5.9% PFD    
    34 PSA'S PUBLIC STORAGE 5.9% PFD 834 880
    13 PSA'V PUBLIC STORAGE 5.375% PFD    
    11 PSA'V PUBLIC STORAGE 5.375% 243 280
    20 PSA'W PUBLIC STORAGE 5.2% PFD W    
    16 PSA'W PUBLIC STORAGE 5.2% PFD 350 400
    14 PSA'X PUBLIC STORAGE 5.2% SER X    
    12 PSA'X PUBLIC STORAGE 5.2% PFD 259 302
    13 PSA'U PUBLIC STORAGE 5.625% SER U    
    11 PSA'U PUBLIC STORAGE 5.625% PFD 255 281
    15 PSA'A PUBLIC STORAGE 5.875% SER A    
    13 PSA'A PUBLIC STORAGE 5.875% 320 344
    9 PSA'Y PUBLIC STORAGE 6.375% SER Y    
    7 PSA'Y PUBLIC STORAGE 6.375% PFD 178 193
    17 PSA'Q PUBLIC STORAGE 6.5% SER Q    
    14 PSA'Q PUBLIC STORAGE 6.5% PFD 358 356
    26 PSA'R PUBLIC STORAGE 6.35% SER R    
    21 PSA'R PUBLIC STORAGE 6.35% PFD 530 544
    18 PSA'Z PUBLIC STORAGE 6% PFD    
    15 PSA'Z PUBLIC STORAGE 6% PFD 370 402
    39 CTQ QWEST CORP 7.375% PFD SR UNSE    
    32 CTQ QWEST CORP 7.375% PFD 841 814
    33 CTW QWEST CORP 7.5% PFD SR UNSEC    
    27 CTW QWUEST CORP 7.5% PFD PREFERRE 715 693
    12 CTU QWEST CORP 7% PFD SR UNSEC    
    10 CTU QWEST CORP 7% PFD SR UNSECD 255 260
    26 CTX QWEST CORP 7% PFD SR UNSEC    
    21 CTX QWEST CORP PFD SENIOR UNSECUR 541 539
    15 RJD RAYMOND JAMES FINCL PFD 6.9%    
    12 RJD RAYMOND JAMES FINCL PFD 316 320
    37 O'F REALTY INCOME 6.625% PFD F    
    17 REG'F REGENCY CENTERS PFD 6.625%    
    8 REG'G REGENCY CENTERS 6% PFD SER 7    
    34 RF'B REGIONS FINL VAR PFD SER B    
    5 RNR'C RENAISSANCE RE 6.08% HLD    
    30 RNR'E RENAISSANCE RE 5.375% SER E    
    20 RBS'E RBS CAP FDG TR V 5.9% 482 491
    10 RBS'G RBS CAPITAL FUNDING PFD 250 249
    31 O'F REALTY INCOME 6.625% PFD 783 821
    14 REG'F REGENCY CENTERS CORP PFD 353 368
    7 REG'G REGENCY CENTERS 6% PFD PERP 162 176
    28 RF'B REGIONS FINL VAR PFD FIX TO 701 760
    4 RNR'C RENAISSANCE RE 6.08% HLD CUM 98 103
    24 RNR'E RENAISSANCE 5.375% PFD 508 599
    125 RBS'L ROYAL BK SCOTLAND 5.75% L    
    104 RBS'L ROYAL BK SCOTLAND 5.75% 2,299 2,596
    25 RBS'S ROYAL BK SCOTLAND 6.6% NON    
    21 RBS'S ROYAL BK SCOTLAND 6.60% 495 533
    24 RBS'M ROYAL BK SCOTLAND 6.4%    
    28 SNHN SENIOR HOUSING 5.625% PPTYS    
    23 SNHN SENIOR HOUSING 5.625% 508 584
    40 SWJ STANLEY BLCK&DCKR 5.75%    
    33 SWJ STANLEY BLCK&DCKR 5.75 PFD 813 855
    46 STT'E STATE STREET CORP 6% PFD    
    58 STT'E STATE STREET CORP 6% PFD 1,467 1,541
    33 STT'D STATE STREET CRP VAR PFD D    
    35 STT'D STATE STREET CRP VAR PFD 912 969
    48 STT'C STATE STREET CRP 5.25% PFD    
    40 STT'C STATE STREET CRP 5.25% PFD 944 1,048
    28 TCB'B TCF FINANCIAL CRP 7.5% PF A    
    23 TCB'B TCF FINANCIAL CRP 7.5% PFD 593 611
    6 TDJ TELEPHONE DATA SYS 7% SR UNSEC    
    6 TDE TELEPHONE DATA 6.875% SR UNSEC    
    8 TMK' TORCHMARK 5.875% PFD JR SUB D    
    7 TMK'B TORHCMARK CORP 5.875% PFD 172 181
    63 UBS'D UBS PREF FUNDING TR IV    
    52 UBS'D UBS PREF FUNDING TR IV 935 1,013
    44 USB'M US BANCORP PFD    
    36 USB'M US BANCORP PFD 1,027 1,034
    18 USB'N US BANCORP PFD SER G    
    15 USB'N US BANCORP VAR PREP PFD 414 402
    14 VTRB VENTAS REALTY SP 5.45% PFD    
    12 VTRB VENTAS REALTY SP 5.45% 289 313
    28 VZA VERIZON COMMUNICATIONS 5.9%    
    23 VZA VERIZON COMMUNICATIONS PFD 581 635
    18 VNO'L VORNADO REALTY 5.4% SER L    
    15 VNO'L VORNADO REALTY 5.4% 334 365
    19 VNO'K VORNADO REALTY 5.7% SER K    
    15 VNO'K VORNADO REALTY 5.7% PFD 345 379
    11 VNO'J VORNADE REALTY 6.875% SER J    
    9 VNO'J VORNADO RLTY 6.875% PFD 232 230
    9 WRI'F WEINGARTEN RLTY 6.5% SER F    
    20 WFC'J WELLS FARGO & CO 8% SER J    
    16 WFC'J WELLS FARGO & CO 8% PFD 469 449
    79 WFC'Q WELLS FARGO VAR PFD    
    65 WFC'Q WELLS FARGO VAR PFD 1,634 1,698
    54 WFC'R WELLS FARGO VAR PFD    
    57 WFC'R WELLS FARGO VAR PFD 1,576 1,638
    22 WRB'B WR BERKLEY CORP 5.625% PFD    
    16 HCN'J WELLTOWER INC 6.5% PFD 404 414
    26 WRB'B WR BERKLEY CORP 5.625% 597 661

    TY 2015 InvestmentsOtherSchedule2
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN:
    46-4371904
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    2956.466 SH PRINCIPAL FDS-CAP SECUR AT COST    
    3077.963 SH PRINCIPAL FDS-CAP SECUR AT COST 30,874 30,041

    TY 2015 LegalFeesSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN:
    46-4371904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY FEES 7,173     7,173


    TY 2015 OtherDecreasesSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN:
    46-4371904
    Description Amount
    FEDERAL INCOME TAX PAID FOR 2014 316
    FEDERAL INCOME TAX PAID FOR 2015 400
    COST DIFFERENCES 650


    TY 2015 OtherIncreasesSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN:
    46-4371904
    Description Amount
    NONDIVIDEND DISTRIBUTIONS 400


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN:
    46-4371904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 6,629 6,629    


    TY 2015 TaxesSchedule
    Name:
    CALLAGHAN FAMILY FOUNDATION INC
    EIN:
    46-4371904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX & FEES PAID 587 587