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 07-01-2015 , and ending 06-30-2016
Name of foundation
THE FARKAS FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1720 BROWNS GAP TURNPIKE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTESVILLE, VA22901
A Employer identification number

06-1593377
B Telephone number (see instructions)

(434) 823-5772
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$10,454,285J 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 16,147 16,147  
4 Dividends and interest from securities... 224,655 224,655  
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 126,951
b Gross sales price for all assets on line 6a 3,777,259
7 Capital gain net income (from Part IV, line 2)... 27,746
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)....... Click to see attachment -1,610 519  
12 Total. Add lines 1 through 11........ 366,143 269,067  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,000      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 2,295      
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,500 4,500    
c Other professional fees (attach schedule).... Click to see attachment 375 375    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 392 392    
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 63,633 63,307    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 101,195 68,574   0
25 Contributions, gifts, grants paid....... 460,960 460,960
26 Total expenses and disbursements. Add lines 24 and 25 562,155 68,574   460,960
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -196,012
b Net investment income (if negative, enter -0-) 200,493
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......... 478,706 1,075,429 1,075,429
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) 95,621 Click to see attachment95,621 105,489
b Investments—corporate stock (attach schedule)....... 4,081,699 Click to see attachment3,647,758 4,818,874
c Investments—corporate bonds (attach schedule)....... 932,921 Click to see attachment1,129,067 1,156,525
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,293,350 Click to see attachment3,738,410 3,297,968
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) 9,882,297 9,686,285 10,454,285
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 9,882,297 9,686,285
30 Total net assets or fund balances (see instructions)..... 9,882,297 9,686,285
31 Total liabilities and net assets/fund balances (see instructions). 9,882,297 9,686,285
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
9,882,297
2
Enter amount from Part I, line 27a .....................
2
-196,012
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
9,686,285
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
9,686,285
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 27,746
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 387,913 11,225,366 0.034557
2013 539,519 10,569,838 0.051043
2012 305,000 8,764,296 0.034800
2011 655,662 9,042,859 0.072506
2010 663,187 10,305,506 0.064353
2
Total of line 1, column (d) .....................
20.257259
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
0.051452
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
10,289,704
5
Multiply line 4 by line 3......................
5
529,426
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,005
7
Add lines 5 and 6........................
7
531,431
8
Enter qualifying distributions from Part XII, line 4.............
8
460,960
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 4,010
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 4,010
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 4,010
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 3,481
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 3,481
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 6
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 535
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   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)
    bulletCT
    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 ofbulletGAIL MUNGER Telephone no.bullet (434) 823-2262

    Located atbullet1720 BROWNS GAP TURNPIKECHARLOTTESVILLEVA ZIP+4bullet22901
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........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
    GAIL MUNGER TRUSTEE
    10.00     		30,000 0 0
    1720 BROWNS GAP TURNPIKE
    CHARLOTTESVILLE,VA22901
    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
    9,143,142
    b
    Average of monthly cash balances.......................
    1b
    1,303,258
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,446,400
    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
    10,446,400
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    156,696
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,289,704
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    514,485
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    514,485
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    4,010
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,010
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    510,475
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    510,475
    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
    510,475
    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
    460,960
    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
    460,960
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    460,960
    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 7 510,475
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 39,130
    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......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 460,960
    a Applied to 2014, but not more than line 2a 39,130
    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..... 421,830
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		88,645
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    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
    ALBEMARLE HOUSING IMPROVEMENT
    PROGRAM
    2127 BERKMAR DRIVE
    CHARLOTTESVILLE,VA22901     		NONE CHARITY GENERAL 15,000
    ALZHEIMER'S ASSOCIATION
    CENTRAL & WESTERN VA CHAPTER
    1160 PEPSI PLACE
    SUITE 306
    CHAROLTTESVILLE,VA22901     		NONE CHARITY GENERAL 5,000
    ASH LAWN OPERA FESTIVAL
    PO BOX 2498
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    BIG BROTHERS BIG SISTERS OF THE
    CENTRAL BLUE RIDGE
    1102 CARLTON AVENUE
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    BLUE RIDGE ABORTION ASSISTANCE
    FUND
    PO BOX 5082
    CHARLOTTESVILLE,VA22905     		NONE CHARITY GENERAL 27,380
    BLUE RIDGE AREA
    FOOD BANK
    PO BOX 937
    VERONA,VA244820937     		NONE CHARITY GENERAL 20,000
    CENTER FOR NONPROFIT
    EXCELLENCE
    1701-A ALLIED STREET
    CHARLOTTESVILLE,VA22903     		NONE CHARITY GENERAL 10,000
    COMMUNITY INVESTMENT
    COLLABORATIVE
    PO BOX 2976
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    CROZET VOLUNTEER
    FIRE DEPARTMENT
    PO BOX 696
    CROZET,VA22932     		NONE CHARITY GENERAL 5,000
    FOOTHILLS CHILD ADVOCACY CENTERT
    1106 E HIGH STREET
    SUITE 100
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 5,000
    HOSPICE OF THE PIEDMONT
    675 PETER JEFFERSON PKWY
    SUITE 300
    CHARLOTTESVILLE,VA22911     		NONE CHARITY GENERAL 20,000
    LEGAL AID JUSTICE CENTER
    1000 PRESTON AVENUE
    SUITE A
    CHARLOTTESVILLE,VA22903     		NONE CHARITY GENERAL 20,000
    LITERACY VOLUNTEERS OF
    CHARLOTTESVILLE/ALBEMARLE
    PO BOX 1156
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    LIVE ARTS
    123 EAST WATER STREET
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 5,000
    MONTPELIER FOUNDATION
    PO BOX 911
    ORANGE,VA22960     		NONE CHARITY GENERAL 50,000
    READY KIDS
    1000 E HIGH STREET
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    SENIOR CENTER
    1180 PEPSI PLACE
    CHARLOTTESVILLE,VA22901     		NONE CHARITY GENERAL 5,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    201 WEST MAIN STREET
    SUITE 14
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 15,000
    THE HAVEN
    GENERAL
    112 WEST MARKET STREET
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    THE MAMTA FOUNDATION
    21011 ROSTORMEL COURT
    ASHBURN,VA20147     		NONE CHARITY GENERAL 10,000
    THE PARAMOUNT THEATER
    OF CHARLOTTESVILLE
    215 EAST MAIN STREET
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 42,580
    THE SANTA FUND
    806 EAST HIGH STREET
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    THE WOMEN'S INITIATIVE
    GENERAL
    1101 EAST HIGH STREET
    SUITE A
    CHARLOTTESVILLE,VA22902     		NONE CHARITY GENERAL 10,000
    UNIVERSITY OF VIRGINIA -
    TEEN HEALTH CENTER
    PO BOX 80042
    CHARLOTTESVILLE,VA22908     		NONE CHARITY GENERAL 20,000
    UNIVERSITY OF VIRGINIA -
    CHILDREN'S HOSPITAL
    BOX 800008
    CHARLOTTESVILLE,VA22903     		NONE CHARITY GENERAL 25,000
    UNIVERSITY OF VIRGINIA HEALTH
    FOUNDATION
    BOX 800773
    CHARLOTTESVILLE,VA229080773     		NONE CHARITY GENERAL 25,000
    VIRGINIA ORGANIZING
    PROJECT
    703 CONCORD AVENUE
    CHARLOTTESVILLE,VA22903     		NONE CHARITY GENERAL 6,000
    WESTERN ALBEMARLE
    RESCUE SQUAD
    PO BOX 188
    CROZET,VA22932     		NONE CHARITY GENERAL 5,000
    WVPT PUBLIC RADIO & RADIO IQ
    PO BOX 2737
    ROANOKE,VA240012737     		NONE CHARITY GENERAL 10,000
    CHILDREN'S HEALTH IMPROVEMENT
    PROGRSM
    1469 GREENBRIAR PLACE
    CHARLOTTESVILLE,VA22901     		    GENERAL 5,000
    CHARTLOTTESVILLE-ALBEMARLE SPCA
    PO BOX 7047
    CHARLOTTESVILLE,VA22906     		NONE CHARITY GENERAL 10,000
    HABITAT FOR HUMANITY
    919 WEST MAIN STREE
    CHARLOTTESVILLE,VA22903     		NONE CHARITY GENERAL 15,000
    PUBLIC HOUSING ASSOCIATION OF
    RESIDENTS
    1000 PRESTON AVENUE
    SUITE C
    CHARLOTTESVILLE,VA22903     		NONE CHARITY GENERAL 5,000
    Total .................................bullet 3a 460,960
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 16,147  
    4 Dividends and interest from securities....     14 224,655  
    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.....     14 519  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 27,746 99,205
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aDYNAMIC REALTY INC     		    14 -2,129  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   266,938 99,205
    13Total. Add line 12, columns (b), (d), and (e)..................
    13366,143
    (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:
    THE FARKAS FAMILY FOUNDATION
    EIN:
    06-1593377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROBINSON, FARMER, COX 4,500 4,500    

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN:
    06-1593377
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PIMCO ALL ASSET ALL AUTH 2008-05 PURCHASE 2016-01   47,819 69,849     -22,030  
    PIMCO ALL ASSET ALL AUTH 2008-06 PURCHASE 2016-01   310 441     -131  
    PIMCO ALL ASSET ALL AUTH 2008-09 PURCHASE 2016-01   319 439     -120  
    PIMCO ALL ASSET ALL AUTH 2008-12 PURCHASE 2016-01   652 782     -130  
    PIMCO ALL ASSET ALL AUTH 2008-12 PURCHASE 2016-01   1,571 1,933     -362  
    PIMCO ALL ASSET ALL AUTH 2009-03 PURCHASE 2016-01   261 311     -50  
    PIMCO ALL ASSET ALL AUTH 2009-06 PURCHASE 2016-01   500 653     -153  
    PIMCO ALL ASSET ALL AUTH 2009-09 PURCHASE 2016-01   467 656     -189  
    BCE INC (NEW) 2009-12 PURCHASE 2016-04   37,869 25,843     12,026  
    PIMCO ALL ASSET ALL AUTH 2009-12 PURCHASE 2016-01   2,629 3,579     -950  
    CNBA COMMO 2010-03 PURCHASE 2016-03   200,000 200,000        
    PIMCO ALL ASSET ALL AUTH 2010-03 PURCHASE 2016-01   362 500     -138  
    PIMCO ALL ASSET ALL AUTH 2010-06 PURCHASE 2016-01   475 669     -194  
    PIMCO ALL ASSET ALL AUTH 2010-09 PURCHASE 2016-01   472 688     -216  
    NESTLE SPON ADR REP 2010-09 PURCHASE 2015-07   110,579 80,295     30,284  
    PIMCO ALL ASSET ALL AUTH 2010-12 PURCHASE 2016-01   146 211     -65  
    PIMCO ALL ASSET ALL AUTH 2010-12 PURCHASE 2016-01   2,255 3,161     -906  
    PIMCO ALL ASSET ALL AUTH 2011-03 PURCHASE 2016-01   322 456     -134  
    PIMCO ALL ASSET ALL AUTH 2011-09 PURCHASE 2016-01   619 871     -252  
    LIBERTY BROADBAND CORP S-A 2011-11 PURCHASE 2016-05   8,734 3,572     5,162  
    LIBERTY BROADBAND CORP S-C 2011-11 PURCHASE 2016-05   17,443 7,086     10,357  
    PIMCO ALL ASSET ALL AUTH 2011-12 PURCHASE 2016-01   3,264 4,316     -1,052  
    NESTLE SPON ADR REP 2012-02 PURCHASE 2015-07   146,048 117,124     28,924  
    COLGATE PALMOLIVE CO 2012-02 PURCHASE 2016-01   154,403 110,918     43,485  
    PIMCO ALL ASSET ALL AUTH 2012-03 PURCHASE 2016-01   566 794     -228  
    WILLIAMS CO 2012-05 PURCHASE 2015-10   132,910 110,556     22,354  
    PIMCO ALL ASSET ALL AUTH 2012-05 PURCHASE 2016-01   15,052 21,460     -6,408  
    COSTCO WHOLESALE CORP 2012-05 PURCHASE 2016-02   74,114 44,044     30,070  
    NESTLE SPON ADR REP 2012-05 PURCHASE 2015-07   21,010 17,311     3,699  
    ACCENTURE PLC IRELAND 2012-05 PURCHASE 2016-02   13,232 8,894     4,338  
    ACCENTURE PLC IRELAND 2012-06 PURCHASE 2016-02   5,671 3,500     2,171  
    PIMCO ALL ASSET ALL AUTH 2012-06 PURCHASE 2016-01   417 573     -156  
    NESTLE SPON ADR REP 2012-07 PURCHASE 2015-07   1,843 1,525     318  
    ACCENTURE PLC IRELAND 2012-07 PURCHASE 2016-02   23,156 14,454     8,702  
    PIMCO ALL ASSET ALL AUTH 2012-09 PURCHASE 2016-01   659 975     -316  
    SPIRIT REALTY CAPITAL 2012-11 PURCHASE 2015-11   108,923 93,757     15,166  
    PIMCO ALL ASSET ALL AUTH 2012-12 PURCHASE 2016-01   2,448 3,629     -1,181  
    PIMCO ALL ASSET ALL AUTH 2012-12 PURCHASE 2016-01   625 920     -295  
    DANAHER CORPORATION 2013-01 PURCHASE 2016-01   47,668 31,046     16,622  
    SPIRIT REALTY 2013-01 PURCHASE 2015-10   14,280 13,704     576  
    ARTISAN MID CAP VALUE ADV 2013-01 PURCHASE 2016-01   40,038 49,963     -9,925  
    SPIRIT REALTY 2013-01 PURCHASE 2015-10   38,089 36,655     1,434  
    ARTISAN MID CAP VALUE ADV 2013-01 PURCHASE 2016-01   79,562 100,000     -20,438  
    SPIRIT REALTY 2013-02 PURCHASE 2015-10   19,060 19,097     -37  
    CSX CORP 2013-03 PURCHASE 2016-02   15,068 15,710     -642  
    CSX CORP 2013-03 PURCHASE 2016-02   14,506 15,344     -838  
    PIMCO ALL ASSET ALL AUTH 2013-03 PURCHASE 2016-01   687 996     -309  
    NESTLE SPON ADR REP 2013-05 PURCHASE 2015-07   15,112 14,166     946  
    UNITED TECHNOLOGIES 2013-05 PURCHASE 2015-09   29,829 32,007     -2,178  
    CSX CORP 2013-05 PURCHASE 2016-02   12,819 14,514     -1,695  
    CSX CORP 2013-06 PURCHASE 2016-02   2,924 3,002     -78  
    SPDR DJ WILSHIRE 2013-09 PURCHASE 2016-01   71,824 74,847     -3,023  
    DANAHER CORPORATION 2013-09 PURCHASE 2016-01   14,701 11,262     3,439  
    UNION PACIFIC 2013-09 PURCHASE 2016-01   14,724 15,725     -1,001  
    FORTINET INC 2013-09 PURCHASE 2016-04   116,601 82,340     34,261  
    PIMCO ALL ASSET ALL AUTH 2013-09 PURCHASE 2016-01   680 931     -251  
    CROWN CASTLE INTL CORP NEW 2013-10 PURCHASE 2015-07   105,400 98,832     6,568  
    EXPRESS SCRIPTS HLDG CO 2013-11 PURCHASE 2016-01   18,041 14,599     3,442  
    ARTISAN MID CAP VALUE ADV 2013-11 PURCHASE 2016-01   4,424 6,576     -2,152  
    ARTISAN MID CAP VALUE ADV 2013-11 PURCHASE 2016-01   537 797     -260  
    ARTISAN MID CAP VALUE ADV 2013-11 PURCHASE 2016-01   498 739     -241  
    UNITED TECHNOLOGIES 2013-11 PURCHASE 2015-09   8,904 11,113     -2,209  
    HOME DEPOT 2013-12 PURCHASE 2016-02   20,005 14,632     5,373  
    PIMCO ALL ASSET ALL AUTH 2013-12 PURCHASE 2016-01   2,724 3,584     -860  
    PROOFPOINT INC 2014-02 PURCHASE 2016-02   171,478 153,280     18,198  
    PALO ALTO NETWORKS 2014-03 PURCHASE 2016-01   93,035 44,971     48,064  
    SEMPRA ENERGY 2014-03 PURCHASE 2016-01   46,666 49,997     -3,331  
    PIMCO ALL ASSET ALL AUTH 2014-03 PURCHASE 2016-01   521 681     -160  
    MSIF MULTI ASSET PTF 2014-06 PURCHASE 2016-01   171,936 200,000     -28,064  
    EXPRESS SCRIPTS HLDG CO 2014-06 PURCHASE 2016-01   57,249 50,000     7,249  
    PIMCO ALL ASSET ALL AUTH 2014-06 PURCHASE 2016-01   655 901     -246  
    WISDOMTREE EUROPE HEDGED EQUIT 2014-09 PURCHASE 2015-07   42,710 41,321     1,389  
    WISDOMTREE EUROPE HEDGED EQUIT 2014-09 PURCHASE 2015-07   127,086 124,142     2,944  
    PIMCO ALL ASSET ALL AUTH 2014-09 PURCHASE 2016-01   698 930     -232  
    DUPONT FABROS TECHNOLOGY 2014-09 PURCHASE 2016-01   63,071 54,000     9,071  
    KEYSIGHT TECHNOLOGIES 2014-10 PURCHASE 2015-07   46,470 48,641     -2,171  
    KEYSIGHT TECHNOLOGIES 2014-10 PURCHASE 2015-08   31,392 31,456     -64  
    ARTISAN MID CAP VALUE ADV 2014-11 PURCHASE 2016-01   11,988 16,717     -4,729  
    ARTISAN MID CAP VALUE ADV 2014-11 PURCHASE 2016-01   1,176 1,640     -464  
    ARTISAN MID CAP VALUE ADV 2014-11 PURCHASE 2016-01   459 641     -182  
    MSIF MULTI ASSET PTF 2014-12 PURCHASE 2016-01   3,206 3,650     -444  
    MSIF MULTI ASSET PTF 2014-12 PURCHASE 2016-01   68 78     -10  
    LIBERTY BROADBAND CORP S-C 2014-12 PURCHASE 2016-05   5,233 3,632     1,601  
    ARTISAN MID CAP VALUE ADV 2014-12 PURCHASE 2016-01   438 614     -176  
    PIMCO ALL ASSET ALL AUTH 2014-12 PURCHASE 2016-01   3,178 3,848     -670  
    MOBILEYE NV 2015-01 PURCHASE 2016-02   78,562 122,935     -44,373  
    KEYSIGHT TECHNOLOGIES 2015-02 PURCHASE 2015-07   89,942 104,321     -14,379  
    ISHARES IBOXX INVEST GR COR BD 2015-02 PURCHASE 2015-08   74,306 80,641     -6,335  
    PATTERN ENERGY 2015-03 PURCHASE 2016-01   76,506 108,536     -32,030  
    COLUMBIA PPTY TR INC 2015-03 PURCHASE 2016-01   38,612 44,439     -5,827  
    PIMCO ALL ASSET ALL AUTH 2015-03 PURCHASE 2016-01   290 347     -57  
    WISDOMTREE EUROPE HEDGED EQUIT 2015-04 PURCHASE 2015-07   46,065 50,328     -4,263  
    KEYSIGHT TECHNOLOGIES 2015-04 PURCHASE 2015-08   63,348 74,847     -11,499  
    COLUMBIA PPTY TR INC 2015-04 PURCHASE 2016-01   20,997 24,984     -3,987  
    BARRACUDA NETWORKS 2015-04 PURCHASE 2015-07   54,097 82,262     -28,165  
    PIMCO ALL ASSET ALL AUTH 2015-06 PURCHASE 2016-01   707 845     -138  
    MSIF MULTI ASSET PTF 2015-07 PURCHASE 2016-01   2,677 2,813     -136  
    PIMCO ALL ASSET ALL AUTH 2015-09 PURCHASE 2016-01   1,128 1,226     -98  
    STARWOOD HTLS & RSTS 2015-10 PURCHASE 2015-02   55,852 65,042     -9,190  
    ARTISAN MID CAP VALUE ADV 2015-11 PURCHASE 2016-01   25,013 27,746     -2,733  
    ARTISAN MID CAP VALUE ADV 2015-11 PURCHASE 2016-01   1,159 1,286     -127  
    ROYCE VALUE TRUST 2015-12 PURCHASE 1952-12   6 6        
    PIMCO ALL ASSET ALL AUTH 2015-12 PURCHASE 2016-01   2,702 2,738     -36  
    ROYCE VALUE TRUST 2016-03 PURCHASE 2016-03   10 10        
    LIBERTY BROADBAND CORP S-A 2016-04 PURCHASE 2016-05   2,790       2,790  
    LIBERTY BROADBAND CORP S-A 2016-04 PURCHASE 2016-05   926       926  
    LIBERTY BROADBAND CORP S-C 2016-04 PURCHASE 2016-05   5,485       5,485  
    LIBERTY BROADBAND CORP S-C 2016-04 PURCHASE 2016-05   1,760       1,760  
    PIMCO ALL ASSET ALL AUTH 2016-06 PURCHASE 2016-01   650 882     -232  
    ROYCE VALUE TRUST 2016-06 PURCHASE 2016-06   10 11     -1  
    PIMCO ALL ASSET ALL AUTH 2011-06 PURCHASE 2016-01   568 817     -249  
    HOME DEPOT 2013-09 PURCHASE 2016-02   47,233 31,782     15,451  
    PIMCO LOW DURATION   PURCHASE 2016-05   217,808 230,650     -12,842  
    PIMCO LOW DURATION   PURCHASE 2016-05   4,574 4,592     -18  
    PIMCO LOW DURATION   PURCHASE 2016-05   107,642 113,622     -5,980  
    PIMCO LOW DURATION   PURCHASE 2016-05   2,525 2,534     -9  

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN:
    06-1593377
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS 4.9 FIXED 49,474 47,813
    AMERICAN TOWER CORP 50,131 52,067
    BAXTER INTERNATIONAL 72,163 73,618
    CELGENE CORP 75,567 77,464
    COMCAST CORP 74,423 78,058
    FORD MOTOR CREDIT COMPNY 49,992 49,872
    GOLDMAN SACHS 145,527 134,806
    JP MORGAN CHASE 6% FIXED 197,073 204,250
    LIBERTY MEDIA CORP GROUP 146,799 147,700
    MEAD JOHNSON NUTRITION 50,986 54,538
    ONEOK INC 98,725 92,000
    QUALCOMM INC 47,694 53,136
    UNPAID ACCRUED INTEREST   17,592
    UNPAID ACCRUED INTEREST   1,144
    WAL-MART STORES 70,513 72,467

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN:
    06-1593377
    Name of Stock End of Year Book Value End of Year Fair Market Value
    TRAVELERS COMPANIES INC-DONATED 592 1,428
    ABBOTT LABORATORIES 15,899 19,655
    ABBVIE INC 63,954 108,343
    ACCENTURE PLC IRELAND PLC    
    ALLERGAN 57,655 122,940
    ALLERGAN 70,930 153,675
    ALPHABET INC - CLASS A 155,061 204,024
    ALPHABET INC - CLASS C 98,236 113,504
    AMERICAN EXPRESS 128,310 97,216
    AMERICAN WATER WORKS CO 58,354 211,275
    APPLE 93,600 93,210
    APPLE INC 76,487 200,760
    AQUA AMER INC 50,048 71,819
    BARRACUDA NETWORKS    
    BCE INC    
    BERKSHIRE HATHAWAY CL-B 67,543 100,629
    BIOGEN 199,163 155,490
    BIOGEN INC 100,064 72,546
    BRISTOL MYERS SQUIBB CO 40,038 147,100
    CELGENE CORP 88,057 86,301
    CLEARSTORY SYSTEMS INC-DONATED 7,586  
    COLGATE PALMOLIVE CO    
    COLUMBIA PPTY    
    COMCAST CORP NEW CLASS A 95,028 109,910
    COSTCO WHOLESALE CORP    
    CROWN CASTLE INTL    
    CSX CORP    
    CVS HEALTH CORP 91,016 88,560
    CYRUSONE 114,385 178,112
    DANAHER CORPORATION    
    DUPONT FABROS    
    ELI LILLY CO 31,685 48,038
    EXPRESS SCRIPTS HLDG CO    
    FORTINET INC    
    GILEAD SCIENCE 41,696 33,368
    GOOGLE INC CLASS A    
    HARMAN INTL 99,888 92,935
    HOME DEPOT    
    JOHNSON & JOHNSON 46,670 64,289
    KEYSIGHT TECHNOLOGIES    
    KEYSIGHT TECHNOLOGIES    
    LIBERTY MEDIA 100,009 127,633
    MEDIVATION INC 124,136 126,027
    MEDTRONICV 90,834 106,293
    METLIFE INC-DONATED 159,360 205,280
    MOBILEYE    
    MONOGRAM RESIDENTIAL 118,910 122,520
    NESTLE SPON ADR REP REG SHR    
    NESTLE SPON ADR REP REG SHR    
    NEXTERA ENERGY INC 94,002 128,183
    ONE GAS INC 110,889 169,805
    ONE GAS INC 87,681 145,233
    PALO ALTO NETWORKS INC    
    PATTERN ENERGY    
    PFIZER INC 79,613 83,377
    PROOFPOINT INC    
    SCE TROST 100,047 105,635
    SEMPRA ENERGY    
    SMUCKER JAM CO-DONATED 966 3,048
    SONY CORP ADR 1974 NEW 110,131 190,775
    SONY CORP ADR 1974 NEW 121,540 220,125
    SPIRIT REALTY CAPITAL INC    
    SPIRIT REALTY CAPITAL INC(SRC)    
    STATE ST CO 101,192 104,303
    STORE CAPITAL 65,027 85,493
    SYNCHRONY FINANCIAL 61,960 65,248
    TIME WARNER 134,979 128,695
    UNION PACIFIC CORP    
    UNITED TECHNOLOGIES CORP (UTX)    
    WALT DISNEY CO HLDG CO 48,877 64,072
    WELLS FARGO & CO 45,660 62,002
    WILLIAMS CO INC-DONATED    

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN:
    06-1593377
    US Government Securities - End of Year Book Value:

    95,621
    US Government Securities - End of Year Fair Market Value:

    105,489
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN:
    06-1593377
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DESCRIPTION      
    ROYCE VALUE TRUST AT COST 107,663 101,422
    UTILITIES SELCT AT COST 85,496 91,823
    VANGUARD INTERMEDIATE AT COST 221,432 223,525
    JP MORGAN STRAT INC OPPORT FUND AT COST 245,400 241,939
    PIMCO STOCKPLUS STRAG A AT COST 635,767 393,944
    PIMCO DYNAMIC CREDIT AT COST 99,776 80,346
    VANGUARD INTERMEDIATE AT COST 271,051 277,797
    VANGUARD REIT AT COST 74,963 102,857
    AVENUE CREDIT STRATEGIES INST AT COST 139,869 101,354
    BLACKROCK GLOBAL US CREDIT AT COST 218,909 198,001
    DOUBLE LINE TOTAL RETURN AT COST 270,826 265,139
    JP MORGAN STRAT INC OPP SEL AT COST 585,389 564,923
    PIMCO REAL RETURN FUND AT COST 147,364 145,433
    PIMCO STOCKPLUS TR SH STRAG A AT COST 418,512 219,670
    ARTISAN MIDCAP VALUE AT COST    
    DYNAMIC REALTY LLC AT COST 215,993 289,795
    ISHARES IBOXX AT COST    
    MDSI MULTI ASSET PTF AT COST    
    PIMCO ALL ASSET ALL AUTHOR FUND AT COST    
    PIMCO LOW DURATION FUND AT COST    
    PIMCO LOW DURATION FUND AT COST    
    SPDR WILSHIRE AT COST    
    WIDSOMTREE EUROPE AT COST    
    WIDSOM TREE EUROPE AT COST    

    TY 2015 OtherExpensesSchedule
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN:
    06-1593377
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT FEES 63,307 63,307    
    OFFICE SUPPLIES 278      
    OTHER SERVICE FEES 48      


    TY 2015 OtherIncomeSchedule2
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN:
    06-1593377
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS - INVESTMENT IN 519 519  
    DYNAMIC REALTY INC -2,129    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN:
    06-1593377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT OTHER PROFESSIONAL FEES 375 375    


    TY 2015 TaxesSchedule
    Name:
    THE FARKAS FAMILY FOUNDATION
    EIN:
    06-1593377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 392 392    
    VIRGINIA EMPLOYMENT COMISSION        
    VIRGINIA DEPARTMENT OF TAXATION