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
THORNBURG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2300 N RIDGETOP RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA FE, NM87506
A Employer identification number

85-0457010
B Telephone number (see instructions)

(505) 467-7853
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$108,688,379J 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) 5,000,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,142,530 2,142,530  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 105,527
b Gross sales price for all assets on line 6a 17,623,142
7 Capital gain net income (from Part IV, line 2)... 461,077
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).......   1,787  
12 Total. Add lines 1 through 11........ 7,248,057 2,605,394  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 167,500 0   134,000
14 Other employee salaries and wages...... 359,944 0   347,729
15 Pension plans, employee benefits....... 89,128 0   82,371
16a Legal fees (attach schedule)......... Click to see attachment 6,697 0   6,373
b Accounting fees (attach schedule)....... Click to see attachment 22,323 0   4,774
c Other professional fees (attach schedule).... Click to see attachment 288,939 0   284,075
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 34,347 3,347   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,213 0  
20 Occupancy.............. 2,020 0   1,775
21 Travel, conferences, and meetings....... 48,210 0   37,952
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 147,131 34,217   93,680
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,169,452 37,564   992,729
25 Contributions, gifts, grants paid....... 5,045,435 5,045,435
26 Total expenses and disbursements. Add lines 24 and 25 6,214,887 37,564   6,038,164
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,033,170
b Net investment income (if negative, enter -0-) 2,567,830
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............. 139,053 496,209 496,209
2 Savings and temporary cash investments......... 4,434,427 56,764 56,764
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).......... 97,262,777 Click to see attachment102,318,242 108,123,994
14 Land, buildings, and equipment: basis bullet15,757
Less: accumulated depreciation (attach schedule) bullet6,656 12,314 Click to see attachment9,101 9,101
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment2,311 Click to see attachment2,311
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 101,848,571 102,882,627 108,688,379
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) Click to see attachment0 Click to see attachment886
23 Total liabilities (add lines 17 through 22)......... 0 886
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 101,848,571 102,881,741
30 Total net assets or fund balances (see instructions)..... 101,848,571 102,881,741
31 Total liabilities and net assets/fund balances (see instructions). 101,848,571 102,882,627
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
101,848,571
2
Enter amount from Part I, line 27a .....................
2
1,033,170
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
102,881,741
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
102,881,741
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a GLENMEDE INTL SEC OPTIONS P 2014-01-01 2015-12-21
b GLENMEDE SECURED OPTIONS P 2014-01-01 2015-12-21
c US COMMODITY INDEX P 2014-01-01 2015-12-21
d CHARLES SCHWAB & CO INC D 2014-01-01 2015-12-21
e THORNBURG LTD TERM INC P 2014-01-01 2015-12-21
THORNBURG STRATEGIC INC P 2014-01-01 2015-12-21
THORNBURG INCOME BUILDER P 2014-01-01 2015-10-01
THORNBURG DEVELOPING WORLD P 2014-01-01 2015-12-08
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,230,901   2,503,063 -272,162
b 2,281,226   2,392,865 -111,639
c 1,930,651   2,326,400 -395,749
d 582,432   203,782 378,650
e 3,500,000   3,514,098 -14,098
850,000   919,478 -69,478
5,000,000   4,932,987 67,013
350,000   369,392 -19,392
897,932     897,932
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       -272,162
b       -111,639
c       -395,749
d       378,650
e       -14,098
      -69,478
      67,013
      -19,392
      897,932
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 2 461,077
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 4,340,225 105,547,564 0.041121
2013 1,881,908 89,636,712 0.020995
2012 1,688,245 37,193,794 0.045391
2011 1,129,220 24,736,726 0.045650
2010 962,433 12,827,305 0.075030
2
Total of line 1, column (d) .....................
20.228187
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
0.045637
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
107,893,121
5
Multiply line 4 by line 3......................
5
4,923,918
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
25,678
7
Add lines 5 and 6........................
7
4,949,596
8
Enter qualifying distributions from Part XII, line 4.............
8
6,038,164
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 25,678
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 25,678
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 25,678
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 59,357
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 62,357
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 36,679
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet36,679 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNM
    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 addressbulletWWW.THORNBURGFOUNDATION.ORG
    14
    The books are in care ofbulletKEVIN HANSEN Telephone no.bullet (505) 467-7044

    Located atbullet2300 N RIDGETOP RDSANTA FENM ZIP+4bullet87506
    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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    GARRETT THORNBURG PRESIDENT
    1.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    LLOYD J THORNBURG DIRECTOR
    1.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    SHAWN LEE SECRETARY
    1.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    KEVIN HANSEN TREASURER
    3.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    CATHERINE OPPENHEIMER VICE PRESIDENT
    1.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    ALON KASHA DIRECTOR
    1.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    ALISSA OPPENHEIMER DIRECTOR
    1.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    ALLAN OLIVER EXECUTIVE DIRECTOR
    40.00     		167,500 10,025 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    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
    STEVEN M WEINBERG II POLICY OFFICER
    40.00     		103,086 11,867 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    CARMEN J LOPEZ POLICY OFFICER
    40.00     		80,856 10,289 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    MICAELA M FISCHER POLICY OFFICER
    40.00     		78,375 5,814 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    LESLIE GARCIA ADMIN DIRECTOR
    40.00     		61,078 9,458 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CIVITAS PUBLIC AFFAIRS GROUP LLC CONSULTING ON PUBLIC EDUCATION ACTIVITIES 223,000
    409 7TH ST NW STE 350
    WASHINGTON,DC20004
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    95,070,348
    b
    Average of monthly cash balances.......................
    1b
    791,368
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,674,447
    d
    Total (add lines 1a, b, and c).........................
    1d
    109,536,163
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    109,536,163
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,643,042
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    107,893,121
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,394,656
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    5,394,656
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    25,678
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    25,678
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,368,978
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,368,978
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    5,368,978
    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
    6,038,164
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    6,038,164
    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
    25,678
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,012,486
    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 5,368,978
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 2,870,765
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 6,038,164
    a Applied to 2014, but not more than line 2a 2,870,765
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 3,167,399
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		2,201,579
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    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).)
    GARRETT THORNBURG
    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
    ACCION NEW MEXICO
    2000 ZEARING AVE NW
    ALBUQUERQUE,NM87104     		NONE PC OPERATING SUPPORT 50,000
    ADAPTIVE SPORTS PROGRAM
    1595 CAMINO LA CANADA
    SANTA FE,NM87501     		NONE PC OPERATING SUPPORT 2,500
    AMERICAN CIVIL LIBERTIES UNION OF NEW MEXICO FOUNDATION
    PO BOX 566
    ALBUQUERQUE,NM87103     		NONE PC OPERATING SUPPORT 25,000
    AMERICAN FRIENDS SERVICE COMMITTEE NM
    1501 CHERRY ST
    PHILADELPHIA,PA19102     		NONE PC REVITALIZE SMALL, SUSTAINABLE FARMS IN NEW MEXICO 75,200
    ARIZONA STATE UNIVERSITY FOUNDATION
    PO BOX 2260
    TEMPE,AZ85280     		NONE PC RESEARCH ON INNOVATIVE GRAZING MANAGEMENT TECHNIQUES 3,000
    BELLWETHER EDUCATION PARTNERS
    517 BOSTON POST RD UNIT 171
    SUDBURY,MA01776     		NONE PC CHARTER SCHOOL BEST PRACTICES EXCHANGE 50,000
    BIG BROTHERS BIG SISTERS OF NORTHERN NM
    1229 S ST FRANCIS DR STE C
    SANTA FE,NM87505     		NONE PC OPERATING SUPPORT 5,000
    CAMPAIGN LEGAL CENTER
    215 E ST NE
    WASHINGTON,DC20002     		NONE PC RESEARCH BEST GOOD GOVERNMENT POLICY PRACTICES 50,000
    CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION INC
    525 BUENA VISTA DRIVE SE
    ALBUQUERQUE,NM87106     		NONE PC BUILD A MENTOR NETWORK TO IMPROVE PRACTICUM EXPERIENCES FOR EARLY CHILDHOOD EDUCATION STUDENTS 180,575
    COMMITTEE FOR ECONOMIC DEVELOPMENT
    2000 L ST NW STE 700
    WASHINGTON,DC20036     		NONE PC TO BUILD THE BUSINESS CASE FOR REFORM IN NEW MEXICO 60,000
    COMMON CAUSE EDUCATION FUND
    1133 19TH STREET NW 9TH FLOOR
    WASHINGTON,DC200361722     		NONE PC RESEARCH & RAISE AWARENESS OF THE IMPACT OF MONEY IN POLITICS IN NEW MEXICO 191,300
    COMMUNITIES IN SCHOOLS OF NM AT SANTA FE
    PO BOX 367
    SANTA FE,NM87504     		NONE PC OPERATING SUPPORT 2,500
    CREATIVITY FOR PEACE INC
    369 MONTEZUMA AVENUE 566
    SANTA FE,NM87501     		NONE PC OPERATING SUPPORT 2,000
    ESPERANZA SHELTER FOR BATTERED FAMILIES
    618 B PASEO DE PERALTA
    SANTA FE,NM87501     		NONE PC OPERATING SUPPORT 5,000
    FAIRVOTE
    6930 CARROLL AVE STE 240
    TAKOMA PARK,MD20912     		NONE PC RESEARCH ON RANKED CHOICE VOTING 2,000
    FOOD DEPOT
    1222 SILER RD
    SANTA FE,NM87507     		NONE PC OPERATING SUPPORT 10,000
    FRIENDS OF FONDATION DE FRANCE
    275 MADISON AVE FL 6
    NEW YORK,NY10016     		NONE PC PROJECT SUPPORT 25,000
    GERARD'S HOUSE
    PO BOX 28693
    SANTA FE,NM87592     		NONE PC OPERATING SUPPORT 2,500
    GREATER KANSAS CITY COMMUNITY FOUNDATION
    1055 BROADWAY BLVD STE 130
    KANSAS CITY,MO64105     		NONE PC REVISIONS TO HOLISTIC MANAGEMENT BOOK 25,000
    HOLISTIC MANAGEMENT INTERNATIONAL
    5941 JEFFERSON ST NE STE B
    ALBUQUERQUE,NM87109     		NONE PC HOLD PUBLIC EDUCATION/TRAINING EVENTS 63,850
    INSTITUTE OF AMERICAN ACUPUNCTURE & LIFE MEDICINE
    443 N NEW BALLAS RD SUITE 224
    ST LOUIS,MO63141     		NONE PC OPERATING SUPPORT 5,000
    INTERFAITH COMMUNITY SHELTER
    PO BOX 22653
    SANTA FE,NM87502     		NONE PC OPERATING SUPPORT 6,000
    KITCHEN ANGELS
    1222 SILER RD
    SANTA FE,NM87507     		NONE PC OPERATING SUPPORT 10,000
    KUNM
    MSC06 3520 1 UNIVERSITY OF NEW MEXI
    ALBUQUERQUE,NM871310001     		NONE PC OPERATING SUPPORT 5,000
    LA FAMILIA MEDICAL CENTER
    PO BOX 5395
    SANTA FE,NM87502     		NONE PC OPERATING SUPPORT 10,000
    LA SEMILLA
    PO BOX 2579
    ANTHONY,NM88021     		NONE PC PUBLIC EDUCATION FOR AN URBAN AGRICULTURE POLICY PLAN WITH THE CITY OF LAS CRUCES 18,000
    MARIA MITCHELL ASSOCIATION
    4 VESTAL ST
    NANTUCKET,MA02554     		NONE PC OPERATING SUPPORT 1,000
    MEDECINS SANS FRONTIERES
    333 SEVENTH AVENUE 2ND FLOOR
    NEW YORK,NY10001     		NONE PC OPERATING SUPPORT 5,000
    MILITARY RELIGIOUS FREEDOM
    13170-B CENTRAL AVENUE SE
    ALBUQUERQUE,NM87123     		NONE PC OPERATING SUPPORT 15,000
    NANTUCKET HISTORICAL ASSOCIATION
    PO BOX 1016
    NANTUCKET,MA02554     		NONE PC OPERATING SUPPORT 5,000
    NASDA-WWASDA
    4350 FAIRFAX DR STE 910
    ARLINGTON,VA22203     		NONE PC NUMEX HERITAGE SPONSORSHIP 500
    NATIONAL DANCE INSTITUTE
    1140 ALTO STREET
    SANTA FE,NM87501     		NONE PC OPERATING SUPPORT 150,000
    NATIONAL YOUNG FARMERS COALITION
    PO BOX 1074
    HUDSON,NY12534     		NONE PC EMPOWERING YOUNG FARMER ADVOCATES FOR A RESILIENT NM 88,042
    NEO PHILANTHROPY
    45 W 36TH ST 6TH FLOOR
    NEW YORK,NY10018     		NONE PC ETHICS WATCH NEW MEXICO PROJECT 106,000
    NEW MEXICO COMMUNITY FOUNDATION
    502 W CORDOVA RD 1
    SANTA FE,NM87505     		NONE PC PROJECT SUPPORT: BUSINESS EDUCATION ON GOOD GOVERNMENT REFORM 75,000
    NEW MEXICO ENVIROMENTAL LAW CENTER
    1405 LUISA STREET SUITE 5
    SANTA FE,NM87505     		NONE PC OPERATING SUPPORT 10,000
    NEW MEXICO FIRST
    PO BOX 56549
    ALBUQUERQUE,NM87187     		NONE PC STAKEHOLDER ENGAGEMENT ON STATE AGRICULTURE PLAN 67,500
    NEW MEXICO IN DEPTH
    6937 MERLOT DR NE
    RIO RANCHO,NM87144     		NONE PC PROJECT SUPPORT FOR TRANSPARENCY PORTAL 130,702
    NEW MEXICO SCHOOL FOR THE ARTS - ART INSTITUTE
    131 NUSBAUM STREET
    SANTA FE,NM87501     		NONE PC OPERATING SUPPORT 200,000
    NEW MEXICO STATE UNIVERSITY
    PO BOX 30002
    LAS CRUCES,NM88003     		NONE PC RESEARCH PROJECTS: EARLY CHILDHOOD EDUCATION AND FOOD & AGRICULTURE 127,500
    NEW VENTURE FUND
    1201 CONNECTICUT AVE NW ST 300
    WASHINGTON,DC20036     		NONE PC OPERATING SUPPORT 5,000
    NEW WORLD SYMPHONY
    500 17 STREET
    MIAMI BEACH,FL33139     		NONE PC OPERATING SUPPORT 5,000
    NHCC FOUNDATION
    1701 4TH ST SW
    ALBUQUERQUE,NM87102     		NONE PC COMPADRE SPONSORSHIP 5,000
    NM ASSOC FOR THE EDUCATION OF YOUNG CHILDREN
    2201 BUENA VISTA SE STE 424
    ALBUQUERQUE,NM87106     		NONE PC EVALUATION OF PAY INCENTIVE FOR CHILDCARE WORKERS 21,000
    NM COALITION TO END HOMELESSNESS
    802 EARLY ST
    SANTA FE,NM87505     		NONE PC OPERATING SUPPORT 5,000
    NM EARLY CARE AND LEARING ASSOCIATION
    PO BOX 25401
    ALBUQUERQUE,NM87125     		NONE PC SPONSOR 2015 ANNUAL CONFERENCE "LINE UP THEIR FUTURE" 750
    NM FOUNDATION FOR OPEN GOVERNMENT
    115 GOLD AVE SW
    ALBUQUERQUE,NM87102     		NONE PC OPERATING AND PROGRAM SUPPORT TO COORDINATE TRANSPARENCY & TECHNOLOGY WORK GROUP 75,000
    NM SCHOOL FOR THE ARTS
    131 NUSBAUM STREET
    SANTA FE,NM87501     		NONE PC ASSIST WITH THE ACQUISITION OF REAL PROPERTY FOR NEW CAMPUS 1,525,000
    NONPROFIT BACK OFFICE RESOURCES
    1503 UNIVERSITY BLVD NE
    ALBUQUERQUE,NM87102     		NONE PC ASSIST WITH ONBOARDING SEVEN TO EIGHT EARLY CHILDHOOD EDUCATION NONPROFIT ORGANIZATIONS 25,000
    OCEANA INC
    1350 CONNECTICUT AVE NW 5TH FLOOR
    WASHINGTON,DC200361722     		NONE PC OPERATING SUPPORT 5,000
    PARTNERSHIP FOR COMMUNITY ACTION
    722 ISLETA BLVD SW
    ALBUQUERQUE,NM87105     		NONE PC COMMUNITY BASED RESEARCH ON HOME BASED EARLY CHILDHOOD EDUCATION PROVIDERS 67,250
    PARTNERSHIP FOR RESPONSIBLE BUSINESS
    PO BOX 1821
    SANTA FE,NM87504     		NONE PC PROJECTS THAT SUPPORT LOCAL ECONOMIES 18,500
    PLANNED PARENTHOOD FEDERATION OF AMERICA INC
    434 WEST 33RD ST
    NEW YORK,NY10001     		NONE PC OPERATING SUPPORT - INTERNATIONAL 25,000
    PROSPERITY WORKS
    909 COPPER AVE NW
    ALBUQUERQUE,NM87102     		NONE PC PUBLIC EDUCATION ON PAY DAY LENDING 5,000
    PROTEUS FUND
    15 RESEARCH DRIVE SUITE B
    AMHERST,MA01002     		NONE PC DESIGN AND MANAGE COLLABORATIVE GRANT MAKING ON A RANGE OF LEADING SOCIAL CHANGE ARENAS 25,000
    QUIVARA COALITION
    1413 2ND ST STE 1
    SANTA FE,NM87505     		NONE PC STRATEGY FOR BEGINNING FARMER TRAINING PROGRAM 60,000
    RIO GRANDE COMMUNITY DEVELOPMENT CORP
    318 ISLETA BLVD SW
    ALBUQUERQUE,NM87105     		NONE PC PROJECT SUPPORT FOR AGRI-CULTRA NETWORK 73,935
    RIO GRANDE COMMUNITY FARM
    6804 4TH ST 114
    ALBUQUERQUE,NM87107     		NONE PC ASSIST LA MONTANITA COOP FOR VALUE CHAIN COORDINATOR INITIATIVE AT LA MONTANITA 78,750
    SANTA FE CHAMBER OPPORTUNITIES FUND
    PO BOX 1928
    SANTA FE,NM87504     		NONE PC PROMOTE THE COMMUNITY BY SUPPORTING TRANSPARENT AND ETHICAL GOVERNMENT 5,000
    SANTA FE COMMUNITY FOUNDATION
    PO BOX 1827
    SANTA FE,NM87504     		NONE PC PROJECT SUPPORT: EARLY CHILDHOOD EDUCATION 35,684
    SANTA FE PREPARATORY SCHOOL
    1101 CAMINO DE LA CRUZ BLANCA
    SANTA FE,NM87505     		NONE PC OPERATING SUPPORT 25,000
    SANTA FE SCHOOL FOR THE ARTS & SCIENCES
    5912 JAGUAR DRIVE
    SANTA FE,NM87507     		NONE PC OPERATING SUPPORT 25,000
    SCHOOL YEAR ABROAD
    439 SOUTH UNION STREET
    LAWRENCE,MA01843     		NONE PC OPERATING SUPPORT 5,000
    SHATTUCK - ST MARY'S SCHOOL
    PO BOX 218
    FARIBAULT,MN55021     		NONE PC OPERATING SUPPORT 30,000
    SOLACE CRISIS TREATMENT CENTER
    6601 VALENTINE WAY
    SANTA FE,NM87507     		NONE PC OPERATING SUPPORT 5,000
    ST ELIZABETH'S SHELTER
    804 ALARID
    SANTA FE,NM87505     		NONE PC OPERATING SUPPORT 5,000
    ST JOHN'S COLLEGE
    1101 CAMINO DE LA CRUZ BLANCA
    SANTA FE,NM87505     		NONE PC OPERATING SUPPORT 20,000
    SUNLIGHT FOUNDATION
    1818 N ST NW STE 300
    WASHINGTON,DC20036     		NONE PC BEST PRACTICES FOR POLITICAL TRANSPARENCY: NM 25,000
    THE ROADRUNNER FOOD BANK
    5840 OFFICE BLVD NE
    ALBUQUERQUE,NM87109     		NONE PC OPERATING SUPPORT 10,000
    THE UNIVERSITY OF TEXAS FOUNDATIONMD ANDERSON CANCER CENTER
    111 CONGRESS AVENUE SUITE 40
    AUSTIN,TX78701     		NONE PC RESEARCH ON CAUSES, TREATMENTS AND PREVENTION OF CANCER 200,000
    THINK NEW MEXICO
    1227 PASEO DE PERALTA
    SANTA FE,NM875012758     		NONE PC OPERATING SUPPORT 25,000
    TROUT UNLIMITED
    1777 N KENT ST STE 100
    ARLINGTON,VA22209     		NONE PC CAPACITY BUILDING FOR ENVIRONMENTAL NON-PROFITS 35,000
    UNITED WAY OF SANTA FE COUNTYNM EARLY CHILDHOOD DEVELOPMENT PARTNERSHIP
    440 CERRILLOS RD SUITE A
    SANTA FE,NM87501     		NONE PC SUPPORT PUBLIC EDUCATION AND RESEARCH REGARDING EARLY CHILDHOOD EDUCATION IN NEW MEXICO 182,848
    UNIVERSITY OF NEW MEXICO
    1 UNIVERSITY OF NEW MEXICO
    ALBUQUERQUE,NM87131     		NONE PC RESEARCH PROJECTS: EARLY CHILDHOOD EDUCATION, GOOD GOVERNMENT REFORM AND FOOD & AGRICULTURE 254,644
    UNIVERSITY OF NEW MEXICO FOUNDATION
    2401 CENTRAL AVENUE NE
    ALBUQUERQUE,NM871310001     		NONE PC SUPPORT THE UNIVERSITY'S SCHOOL OF ARCHITECTURE AND PLANNING 18,000
    UPPER PECOS WATERSHED ASSOCIATION
    BOX 489
    PECOS,NM87552     		NONE PC OPERATING SUPPORT 2,500
    WESTERN LANDOWNERS ALLIANCE
    3 CALIENTE ROAD 5
    SANTA FE,NM87505     		NONE PC ADVANCE RESEARCH PRACTICES THAT SUSTAIN WORKING LANDS 125,500
    WESTERN NEW MEXICO UNIVERSITY
    PO BOX 680
    SILVER CITY,NM88062     		NONE PC SUPPORT EARLY CHILDHOOD PROGRAMS 30,355
    WILLIAMS COLLEGE
    75 PARK STREET
    WILLIAMSTOWN,MA01267     		NONE PC OPERATING SUPPORT 25,000
    YOUTH DEVELOPMENT INC
    6301 CENTRAL NW
    ALBUQUERQUE,NM87105     		NONE PC RESEARCH REGULATORY BARRIERS TO BRAIDING FEDERAL AND STATE FUNDS 9,050
    YOUTH MEDIA PROJECT
    PO BOX 24213
    SANTA FE,NM87502     		NONE PC OPERATING SUPPORT 1,000
    YOUTH SHELTER AND FAMILY SERVICES
    PO BOX 28279
    SANTA FE,NM87592     		NONE PC OPERATING SUPPORT 5,000
    YOUTHCARE MINNESOTA
    2701 UNIVERSITY AVE SE
    MINNEAPOLIS,MN55414     		NONE PC OPERATING SUPPORT 50,000
    Total .................................bullet 3a 5,045,435
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 2,142,530  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 105,527  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,248,057 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,248,057
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    THORNBURG FOUNDATION
     
    Employer identification number

    85-0457010
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    THORNBURG FOUNDATION
          		Employer identification number
    85-0457010
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    GARRETT THORNBURG  
    2300 N RIDGETOP RD
     
    SANTA FE, NM87506

    		$ 2,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    GARRETT THORNBURG  
    2300 N RIDGETOP RD
     
    SANTA FE, NM87506

    		$ 2,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    GARRETT THORNBURG  
    2300 N RIDGETOP RD
     
    SANTA FE, NM87506

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    THORNBURG FOUNDATION
          		Employer identification number

    85-0457010
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 79,271 SHARES THORNBURG GLOBAL OPPORTUNITIES CL 1 $ 2,000,000 2015-12-09
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 66,667 SHARES THORNBURG CORE GROWTH CL1 $ 2,000,000 2015-12-09
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 52,165 SHARES THORNBURG INCOME BUILDER CL 1 $ 1,000,000 2015-12-16
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    THORNBURG FOUNDATION
          		Employer identification number

    85-0457010
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 22,323 0   4,774

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

    TY 2015 DepreciationSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    ORGANIZATIONAL COSTS 1998-09-01 510 510 SL 160.000000000000 0 0    
    COMPUTER EQUIPMENT 2013-05-20 1,771 561 SL 5.000000000000 354 0    
    COMPUTER EQUIPMENT 2013-05-21 2,409 763 SL 5.000000000000 482 0    
    COMPUTER SOFTWARE 2013-05-20 233 130 SL 3.000000000000 78 0    
    COMPUTER SOFTWARE 2013-05-21 231 128 SL 3.000000000000 77 0    
    COMPUTER EQUIPMENT 2014-03-26 10,077 1,512 SL 5.000000000000 2,015 0    
    COMPUTER EQUIPMENT 2014-07-09 1,036 104 SL 5.000000000000 207 0    

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CARLYLE GMS FINANCE INC. AT COST 527,375 517,621
    GLENMEDE FUND INC - GOVT CASH PORTFOLIO AT COST 4,592,999 4,592,999
    GLENMEDE FUND INC SECURED OPTIONS AT COST 426,978 435,357
    GLENMEDE INTL SECURED OPTIONS AT COST 0 0
    GLENMEDE PRIVATE INVESTMENT FD VIII AT COST 1,350,000 1,503,747
    GLENMEDE SMALL CAP EQUITY AT COST 3,109,436 3,108,219
    LIBERTY SPECIAL STRATEGIES OFFSHORE AT COST 10,000,000 10,644,325
    RIVERSIDE CAPITAL APPRECIATION VI AT COST 535,105 579,751
    SCHWAB FIXED INCOME FUND AT COST 2,827,684 3,402,136
    SL CAPITAL SOF I LP AT COST 1,039,681 1,119,310
    THORNBURG CORE GROWTH FUND AT COST 7,439,986 9,072,612
    THORNBURG DEVELOPING WORLD FUND AT COST 4,093,061 3,893,159
    THORNBURG GLOBAL OPPORTUNITIES FUND AT COST 6,496,961 8,910,298
    THORNBURG INCOME BUILDER FUND AT COST 18,441,407 18,527,209
    THORNBURG INTERNATIONAL GROWTH FUND AT COST 5,852,576 6,255,375
    THORNBURG INTERNATIONAL VALUE FUND AT COST 5,828,165 5,121,981
    THORNBURG LIMITED TERM INCOME FUND AT COST 13,875,284 13,565,416
    THORNBURG STRATEGIC INCOME FUND AT COST 4,603,960 4,168,822
    THORNBURG VALUE FUND AT COST 6,277,584 7,492,089
    UNITED STATES COMMODITY INDEX AT COST 0 0
    THORNBURG BETTER WORLD INT'L AT COST 5,000,000 5,213,568

    TY 2015 LandEtcSchedule2
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    ORGANIZATIONAL COSTS 510 510 0  
    COMPUTER EQUIPMENT 1,771 915 856  
    COMPUTER EQUIPMENT 2,409 1,245 1,164  
    COMPUTER SOFTWARE 233 208 25  
    COMPUTER SOFTWARE 231 205 26  
    COMPUTER EQUIPMENT 10,077 3,527 6,550  
    COMPUTER EQUIPMENT 1,036 311 725  


    TY 2015 LegalFeesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,697 0   6,373


    TY 2015 OtherAssetsSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 0 2,311 2,311


    TY 2015 OtherExpensesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSES & FEES 310 0   0
    EVENT EXPENSES- HARNER AWARD 44,492 0   44,492
    POSTAGE AND SHIPPING 234 0   134
    SUPPLIES 4,764 0   2,561
    OTHER EXPENSES 1,030 0   274
    TELEPHONE 1,497 0   420
    INSURANCE 6,156 0   2,098
    DUES & SUBSCRIPTIONS 6,961 0   5,259
    MEALS & ENTERTAINMENT 6,949 0   5,625
    INVESTMENT CUSTODIAN & MGMT FEES 34,217 34,217   0
    BOOKS & PUBLICATIONS 230 0   230
    COMPUTER/SOFTWARE EXPENSES 26,763 0   20,494
    CONFERENCE COSTS 9,528 0   8,893
    TRAINING 4,000 0   3,200


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Description Beginning of Year - Book Value End of Year - Book Value
    EMPLOYEE FSA WITHHOLDING 0 886


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 288,939 0   284,075


    TY 2015 TaxesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX ON INVESTMENT INCOME 31,000 0   0
    FOREIGN TAX EXPENSE 3,347 3,347   0