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
FRANKLIN CONKLIN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)520 NW OAK AVENUE SUITE C
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CORVALLIS, OR97330
A Employer identification number

91-1844877
B Telephone number (see instructions)

(541) 758-1132
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$4,914,684J 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... 111,756 111,756 111,756
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 188,037
b Gross sales price for all assets on line 6a 391,233
7 Capital gain net income (from Part IV, line 2)... 61,815
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........ 299,793 173,571 111,756
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,388 4,988   2,400
c Other professional fees (attach schedule).... Click to see attachment 15,881 15,881    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,448      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 25 25    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,742 20,894   2,400
25 Contributions, gifts, grants paid....... 359,250 359,250
26 Total expenses and disbursements. Add lines 24 and 25 383,992 20,894   361,650
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -84,199
b Net investment income (if negative, enter -0-) 152,677
c Adjusted net income (if negative, enter -0-)... 111,756
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............. 99,725 51,615 51,615
2 Savings and temporary cash investments......... 147    
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,480,738 Click to see attachment3,444,796 4,863,069
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,740 Click to see attachment3,740  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,584,350 3,500,151 4,914,684
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,584,350 3,500,151
30 Total net assets or fund balances (see instructions)..... 3,584,350 3,500,151
31 Total liabilities and net assets/fund balances (see instructions). 3,584,350 3,500,151
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
3,584,350
2
Enter amount from Part I, line 27a .....................
2
-84,199
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,500,151
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,500,151
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.)
1a
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
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
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 61,815
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 330,571 5,411,337 0.061089
2013 291,000 5,039,226 0.057747
2012 285,200 4,590,961 0.062122
2011 270,281 4,532,502 0.059632
2010 258,025 4,782,452 0.053952
2
Total of line 1, column (d) .....................
20.294542
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
0.058908
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
5,200,932
5
Multiply line 4 by line 3......................
5
306,377
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,527
7
Add lines 5 and 6........................
7
307,904
8
Enter qualifying distributions from Part XII, line 4.............
8
361,650
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,527
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 1,527
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 1,527
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 2,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,500
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 1,973
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,973 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOR
    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 addressbulletNONE
    14
    The books are in care ofbulletMICHELE KELLISON CPA Telephone no.bullet (541) 753-5441

    Located atbullet520 NW OAK AVENUE SUITE CCORVALLISOR ZIP+4bullet97330
    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
    HAROLD H DEMAREST JR PRESIDENT
    4.00     		0 0 0
    6015 NW ROSEWOOD DR
    CORVALLIS,OR97330
    ANNE DEMAREST TAFT TREASURER
    4.00     		0 0 0
    389 OAKRIDGE DR
    BINGHAMTON,NY13903
    FRANK C DEMAREST SECRETARY
    1.00     		0 0 0
    53 EARL ROBERTS RD
    HIGGANUM,CT06441
    DAVID DEMAREST VP
    1.00     		0 0 0
    PO BOX 191
    UNDERHILL CENTER,VT05490
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,273,977
    b
    Average of monthly cash balances.......................
    1b
    6,157
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,280,134
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,280,134
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    79,202
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,200,932
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    260,047
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    260,047
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,527
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,527
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    258,520
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    258,520
    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
    258,520
    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
    361,650
    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
    361,650
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    1,527
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    360,123
    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 7 258,520
    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...... 8,602
    d From 2013...... 41,631
    e From 2014...... 63,482
    fTotal of lines 3a through e........ 113,715
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 361,650
    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..... 258,520
    e Remaining amount distributed out of corpus 103,130
    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 5 216,845
    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 ......     		216,845
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 8,602
    c Excess from 2013.... 41,631
    d Excess from 2014.... 63,482
    e Excess from 2015.... 103,130
    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
    ACLU FOUNDATION OF OREGON
    620 SW 5TH AVE
    SUITE 910
    PORTLAND,OR97204     		    CHARITABLE 15,000
    ALBANY CIVIC THEATER
    111 W 1ST AVE
    ALBANY,OR97321     		    CHARITABLE 500
    ARTCENTRIC
    700 SW MADISON
    CORVALLIS,OR97333     		    CHARITABLE 500
    BENTON COUNTY FOUNDATION
    PO BOX 363
    CORVALLIS,OR97339     		    CHARITABLE 54,250
    BENTON COUNTY HISTORICAL SOCIETY
    PO BOX 35
    PHILOMATH,OR97370     		    CHARITABLE 1,000
    BENTON COUNTY LIBRARY
    FOUNDATION
    645 NW MONROE
    CORVALLIS,OR97330     		    CHARITABLE 500
    BINGHAMTON BOYS & GIRLS
    CLUB FOUNDATION
    PO BOX 638
    BINGHAMTON,NY13902     		    CHARITABLE 10,000
    CARDV
    PO BOX 914
    CORVALLIS,OR97339     		    CHARITABLE 2,000
    CHESS FOR SUCCESS
    2701 NW VAUGHN
    SUITE 101
    PORTLAND,OR97210     		    CHARITABLE 1,000
    CISPES EDUCATION FUND
    1525 NEWTON ST NW
    WASHINGTON,DC20010     		    CHARITABLE 13,500
    COMMUNITY FOUNDATION FOR
    S C NEW YORK
    70 FRONT STREET
    BINGHAMTON,NY13905     		    CHARITABLE 10,000
    CORVALLIS ZONTA SCHOLARSHIPS
    ZONTA SERVICE FOUNDATION
    PO BOX 792
    CORVALLIS,OR97339     		    CHARITABLE 3,000
    CORVALLIS PUBLIC SCHOOLS
    FOUNDATION
    1555 SW 35TH STREET
    CORVALLIS,OR97339     		    CHARITABLE 1,000
    CRIMINAL JUSTICE INITIATIVE
    SOLIDAGO FOUNDATION
    150 MAIN STREET
    SUITE 24
    NORTHAMPTON,MA01060     		    CHARITABLE 10,000
    EARLHAM COLLEGE
    801 NATIONAL ROAD WEST
    RICHMOND,IN473744095     		    CHARITABLE 5,000
    ELECTRONIC PRIVACY INFO
    CENTER
    1718 CONNECTICUT AVE NW
    SUITE 200
    WASHINGTON,DC20009     		    CHARITABLE 11,000
    ELECTRONIC FRONTIER FOUNDATION
    815 EDDY ST
    SAN FRANCISCO,CA94109     		    CHARITABLE 11,000
    EPISCOPAL RELIEF & DEV
    PO BOX 7058
    MERRIFIELD,VA221167058     		    CHARITABLE 5,000
    FAMILY PLANNING OF S CENTRAL NY
    117 HAWLEY STREET
    BINGHAMTON,NY13901     		    CHARITABLE 10,000
    FINCA
    1101 14TH ST NW
    SUITE 1100
    WASHINGTON,DC20005     		    CHARITABLE 8,000
    FOOD & WATER WATCH
    1616 P STREET NW
    WASHINGTON,DC20036     		    CHARITABLE 10,000
    FOUNDATION FOR NATIONAL
    PROGRESS
    222 SUTTER STREET
    SUITE 600
    SAN FRANCISCO,CA94108     		    CHARITABLE 6,000
    GIRL SCOUTS OF OREGON &
    SW WASHINGTON
    9620 SW BARBUR BLVD
    PORTLAND,OR97219     		    CHARITABLE 2,500
    GLOBAL FUND FOR WOMEN
    222 SUTTER STREET
    SUITE 500
    SAN FRANCISCO,CA94108     		    CHARITABLE 10,000
    GRASSROOTS INTERNATIONAL
    179 BOYSTON STREET
    BOSTON,MA02135     		    CHARITABLE 4,000
    HOMEBOY INDUSTRIES
    130 W BRUNO ST
    LOS ANGELES,CA90012     		    CHARITABLE 5,000
    INTERNATIONAL JUSTICE
    MISSION
    PO BOX 58147
    WASHINGTON,DC20037     		    CHARITABLE 20,000
    JACKSON STREET YOUTH SHELTER
    PO BOX 285
    CORVALLIS,OR97339     		    CHARITABLE 1,000
    LAND INSTITUTE
    2440 E WATER WELL RD
    SALINA,KS67401     		    CHARITABLE 10,000
    LINN BENTON FOOD SHARE
    545 SW 2ND STREET
    SUITE A
    CORVALLIS,OR97333     		    CHARITABLE 1,000
    MAJESTIC THEATER
    115 SW 2ND ST
    CORVALLIS,OR97333     		    CHARITABLE 500
    MOTHERS & BABIES PER
    NET SCNY
    457 STATE ST
    BINGHAMTON,NY13901     		    CHARITABLE 10,000
    NOFA OF VERMONT
    14 PLEASANT ST
    RICHMOND,VT05477     		    CHARITABLE 5,000
    OPERATION FUEL
    75 CHARTER OAK AVE
    SUITE 2-240
    BLOOMFIELD,CT06002     		    CHARITABLE 5,000
    OPAL CREEK ANCIENT FOREST CENTER
    721 NW 9TH AVE
    SUITE 236
    PORTLAND,OR97209     		    CHARITABLE 1,000
    OREGON CHILDREN'S FOUND
    219 NW 12TH AVE
    SUITE 203
    PORTLAND,OR97209     		    CHARITABLE 2,500
    REED COLLEGE
    3203 SE WOODSTOCK BLVD
    PORTLAND,OR97202     		    CHARITABLE 500
    SELF-ESTEEM BOSTON ED IN
    PO BOX 301155
    JAMAICA PLAIN,MA02130     		    CHARITABLE 10,000
    SOJOURNERS
    3333 14TH STREET NW
    SUITE 200
    WASHINGTON,DC20010     		    CHARITABLE 10,000
    SOS SHELTER INC
    PO BOX 393
    ENDICOTT,NY13761     		    CHARITABLE 7,000
    SOUTHERN OREGON UNIVERSITY
    FOUNDATION
    1250 SISKIYOU BLVD
    ASHLAND,OR97520     		    CHARITABLE 500
    ST VINCENT DEPAUL PLACE
    PO BOX 398
    MIDDLETOWN,CT06457     		    CHARITABLE 7,000
    STAYTON LIBRARY FOUNDATION
    PO BOX 810
    STAYTON,OR97383     		    CHARITABLE 1,000
    SURVIVAL INTERNATIONAL USA
    2325 3RD ST
    SUITE 401
    SAN FRANCISCO,CA94107     		    CHARITABLE 5,000
    TECHNO SERVE
    1120 19TH STREET NW
    8TH FLOOR
    WASHINGTON,DC20036     		    CHARITABLE 5,000
    THE CHURCH OF THE HOLY TRINITY
    381 MAIN STREET
    MIDDLETOWN,CT06457     		    CHARITABLE 20,000
    THE OREGON FOUNDATION FOR
    REPRODUCTIVE
    PO BOX 40472
    PORTLAND,OR97240     		    CHARITABLE 5,000
    THE SMITH FUND
    PO BOX 340029
    BOSTON,MA02241     		    CHARITABLE 1,000
    WILLAMETTE NEIGHBORHOOD HOUSING
    257 SW MADISON AVE
    CORVALLIS,OR97333     		    CHARITABLE 5,000
    WSKG
    PO BOX 3000
    BINGHAMTON,NY13902     		    CHARITABLE 10,000
    YWCA BINGHAMTON AND BROOME
    80 HAWLEY STREET
    BINGHAMTON,NY13901     		    CHARITABLE 6,000
    UMPQUA COMMUNITY COLLEGE FOUND
    PO BOX 967
    ROSEBURG,OR97470     		    CHARITABLE 500
    Total .................................bullet 3a 359,250
    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....     14 111,756  
    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 ............     		        188,037
    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)..   111,756 188,037
    13Total. Add line 12, columns (b), (d), and (e)..................
    13299,793
    (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:
    FRANKLIN CONKLIN FOUNDATION
    EIN:
    91-1844877
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 7,388 4,988   2,400

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    FRANKLIN CONKLIN FOUNDATION
    EIN:
    91-1844877
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    VANGUARD TOTAL BOND MKT   PURCHASE     33,460 33,085     375  
    VANGUARD TOTAL INT'L BOND   PURCHASE     19,250 18,079     1,171  
    VANGUARD INT ADMIRAL   PURCHASE     22,105 22,571     -466  
    VANGUARD ST INV ADM   PURCHASE     3,408 3,471     -63  
    VANGUARD EXPLORER   PURCHASE     15,028 10,567     4,461  
    VANGUARD WINDSOR FUND II   PURCHASE     24,118 17,258     6,860  
    VANGUARD STRATEGIC EQUITY   PURCHASE     21,120 10,840     10,280  
    VANGUARD TOTAL STOCK MKT   PURCHASE     136,068 61,446     74,622  
    VANGUARD FTSE   PURCHASE     54,861 25,879     28,982  

    TY 2015 InvestmentsOtherSchedule2
    Name:
    FRANKLIN CONKLIN FOUNDATION
    EIN:
    91-1844877
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INT TERM INVESTMENT GRADE AT COST 241,748 234,343
    ST INVEST GRADE AT COST 161,006 156,417
    TOTAL BOND MKT INDEX AT COST 388,460 390,288
    TOTAL INTERNATIONAL BOND MKT AT COST 184,435 195,507
    EXPLORER FUND ADM AT COST 162,928 202,735
    STATEGIC EQUITY AT COST 126,287 202,248
    TOTAL STOCK MARKET IDX ADMIN AT COST 624,873 1,174,773
    WINDSOR II FUND AT COST 371,229 475,781
    FTSE SOCIAL INDEX INV AT COST 228,722 473,355
    TOTAL INTL STOCK INDEX AT COST 955,108 1,357,622

    TY 2015 OtherAssetsSchedule
    Name:
    FRANKLIN CONKLIN FOUNDATION
    EIN:
    91-1844877
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    NET INTANGIBLE ASSETS 3,740 3,740  


    TY 2015 OtherExpensesSchedule
    Name:
    FRANKLIN CONKLIN FOUNDATION
    EIN:
    91-1844877
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK FEES 25 25    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    FRANKLIN CONKLIN FOUNDATION
    EIN:
    91-1844877
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 15,881 15,881    


    TY 2015 TaxesSchedule
    Name:
    FRANKLIN CONKLIN FOUNDATION
    EIN:
    91-1844877
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OREGON CHARITABLE ORGANIZATION F 509      
    FEDERAL EXCISE TAX 939