Form990-PF
Click to see attachment

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
The Tow Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)50 locust avenue
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
new canaan, CT068404737
A Employer identification number

06-6484045
B Telephone number (see instructions)

(203) 761-6604
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$232,545,828J 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) 11,787,153
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 1,242 1,242  
4 Dividends and interest from securities... 4,640,333 4,525,565  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 796,199
b Gross sales price for all assets on line 6a 70,933,261
7 Capital gain net income (from Part IV, line 2)... 922,947
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 446,724 446,724  
12 Total. Add lines 1 through 11........ 17,671,651 5,896,478  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 242,764 24,276   218,488
14 Other employee salaries and wages...... 379,012 5,193   373,819
15 Pension plans, employee benefits....... 159,909 7,237   152,672
16a Legal fees (attach schedule)......... Click to see attachment 290 0   290
b Accounting fees (attach schedule)....... Click to see attachment 68,102 34,051   34,051
c Other professional fees (attach schedule).... Click to see attachment 711,375 697,944   13,431
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 132,511 32,361   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 7,173 0  
20 Occupancy.............. 72,237 0   72,237
21 Travel, conferences, and meetings....... 90,813 0   90,073
22 Printing and publications.......... 1,378 0   1,378
23 Other expenses (attach schedule)....... Click to see attachment 378,027 270,063   107,964
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,243,591 1,071,125   1,064,403
25 Contributions, gifts, grants paid....... 10,605,677 10,605,677
26 Total expenses and disbursements. Add lines 24 and 25 12,849,268 1,071,125   11,670,080
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,822,383
b Net investment income (if negative, enter -0-) 4,825,353
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............. 2,743,975 1,360,149 1,360,149
2 Savings and temporary cash investments......... 3,490,066 4,908,404 4,908,404
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) 3,992,015 Click to see attachment5,073,813 5,063,932
b Investments—corporate stock (attach schedule)....... 55,543,025 Click to see attachment59,705,293 59,731,731
c Investments—corporate bonds (attach schedule)....... 21,679,663 Click to see attachment20,076,386 20,077,930
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 104,777,922 Click to see attachment94,116,810 94,889,979
14 Land, buildings, and equipment: basis bullet35,866
Less: accumulated depreciation (attach schedule) bullet35,866 7,173 Click to see attachment0 0
15 Other assets (describe bullet) Click to see attachment20,409,556 Click to see attachment27,107,125 Click to see attachment46,513,703
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 212,643,395 212,347,980 232,545,828
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 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........ 212,643,395 212,347,980
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 212,643,395 212,347,980
31 Total liabilities and net assets/fund balances (see instructions). 212,643,395 212,347,980
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
212,643,395
2
Enter amount from Part I, line 27a .....................
2
4,822,383
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
217,465,778
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
5,117,798
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
212,347,980
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 Merrill Lynch P 2015-06-01 2015-12-31
b Merrill Lynch P 2014-06-01 2015-12-31
c Merrill Lynch P 2015-06-01 2015-12-31
d Merrill Lynch P 2015-06-01 2015-12-31
e US Trust P 2015-06-01 2015-12-31
US Trust P 2014-06-01 2015-12-31
Deutsche Bank P 2015-06-01 2015-12-31
Deutsche Bank P 2014-06-01 2015-12-31
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 4,032,766   4,174,995 -142,229
b 17,577,854   19,156,026 -1,578,172
c 1,803,932   1,983,472 -179,540
d 970,639   1,157,761 -187,122
e 7,002,894   7,486,740 -483,846
11,762,530   10,410,802 1,351,728
10,668,834   10,340,458 328,376
16,499,474   15,300,060 1,199,414
614,338     614,338
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       -142,229
b       -1,578,172
c       -179,540
d       -187,122
e       -483,846
      1,351,728
      328,376
      1,199,414
      614,338
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 2 922,947
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 13,346,299 210,460,895 0.063415
2013 13,470,272 195,426,308 0.068928
2012 16,902,469 162,176,408 0.104223
2011 11,409,741 113,865,319 0.100204
2010 13,051,911 100,785,308 0.129502
2
Total of line 1, column (d) .....................
20.466272
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
0.093254
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
222,789,453
5
Multiply line 4 by line 3......................
5
20,776,008
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
48,254
7
Add lines 5 and 6........................
7
20,824,262
8
Enter qualifying distributions from Part XII, line 4.............
8
11,670,080
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 96,507
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 96,507
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 96,507
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 197,238
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.............. 7 197,238
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 10 100,731
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet100,731 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)
    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 addressbulletwww.TowFoundation.org
    14
    The books are in care ofbulletnancy blaney Telephone no.bullet (203) 761-6604

    Located atbullet50 locust avenuenew canaanCT ZIP+4bullet068404737
    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
    Amy Lefkof Director
    2.00     		0 0 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    Andrew Tow Director
    2.00     		0 0 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    David Tobias Director
    3.00     		0 0 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    David Z Rosensweig Secretary
    5.00     		0 0 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    Emily Tow Jackson President & Exec. Direcotr
    40.00     		242,764 21,236 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    Frank Tow Vice President
    2.00     		0 0 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    Leonard Tow Chairman
    5.00     		0 0 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    Maureen Strafford Director
    2.00     		0 0 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    pamela Castori Director
    2.00     		0 0 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    Scott Schneider Treasurer
    3.00     		0 0 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    Teresa Law Director
    2.00     		0 0 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    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
    diane sierpina program director
    40.00     		111,314 19,161 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    nadia alia grants manager
    40.00     		71,229 11,771 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    camile kramer office manager
    40.00     		69,664 6,336 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    andrea sholler associate director
    40.00     		51,931 7,667 0
    c/o the tow foundation 50 locust
    avenue
    new canaan,CT06840
    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
    merrill lynch trust co investment manager 410,419
    1300 merrill lynch dr
    pennington,NJ08534
    deutsche bank investment manager 287,664
    60 wall street
    new york,NY10005
    nancy blaney bookkeeping 68,102
    27 pine hill drive
    katonah,NY10536
    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
    186,571,256
    b
    Average of monthly cash balances.......................
    1b
    6,123,327
    c
    Fair market value of all other assets (see instructions)................
    1c
    33,487,603
    d
    Total (add lines 1a, b, and c).........................
    1d
    226,182,186
    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
    226,182,186
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,392,733
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    222,789,453
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    11,139,473
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    11,139,473
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    96,507
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    96,507
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,042,966
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    11,042,966
    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
    11,042,966
    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
    11,670,080
    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
    11,670,080
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    11,670,080
    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 11,042,966
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    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...... 8,678,366
    d From 2013...... 3,561,380
    e From 2014...... 3,151,160
    fTotal of lines 3a through e........ 15,390,906
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 11,670,080
    a Applied to 2014, but not more than line 2a 0
    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..... 11,042,966
    e Remaining amount distributed out of corpus 627,114
    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 16,018,020
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		11,787,153
    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 ......     		4,230,867
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013.... 452,593
    d Excess from 2014.... 3,151,160
    e Excess from 2015.... 627,114
    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).)
    Leonard Tow
    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
    African Caribean American Parents Of Children With Disability Inc
    60-B Westn Street
    Hartford,CT06120     		  PC Unrestricted Funding 50,000
    Alexs Lemonade Stand Foundation
    333 E Lancaster Avenue 414
    Wynnewood,PA19096     		  PC Discretionary Grant in support of Mary Rigler 500
    ALS Association of Greater Philadelphia
    321 Norristown Road Suite 260
    Ambler,PA19002     		  PC Sponsorship of a Players Booth - Phillies Phestival o/b/o Frank Tow 5,000
    Amyotrophic Lateral Sclerosis Association
    42 Broadway Suite 1724
    New York,NY10004     		  PC Knock-Out Table Sponsorship: 2015 Lou Gehrig Sports Award Benefit on behalf of Dr. Leonard Tow 23,120
    Artspace Inc
    50 Orange St
    New Haven,CT065103107     		  PC Arresting Patterns Conference 3,000
    Association Of Small Foundations
    1720 N Street NW
    Washington,DC20036     		  PC Director's Discretionary Grant on behalf of Emily Tow Jackson 2,500
    Bard College
    PO Box 5000 Campus Road
    AnnadaleonHudson,NY12504     		  PC Bard Prison Initiative and BPI-Tow Fellowship in Public Health 315,000
    Barnard College
    3009 Broadway
    New York,NY10027     		  PC 2015 Annual Gala donation on behalf of Emily Tow Jackson and The Tow Family Award for Pedagogy and Professorships 221,500
    Bridge Fund Of New York Inc
    171 East Post Road Room 200
    White Plains,NY10601     		  PC Unrestricted Funding 30,000
    Bridgeport Child Advocary Coalition Inc
    2470 Fairfield Avenue
    Bridgeport,CT06605     		  PC Unrestricted Funding 50,000
    Brooklyn College Foundation Inc
    2900 Bedford Avenue
    Brooklyn,NY11210     		  PC Claire Tow Distinguished Teaching Award; Tow Professorships; Research Travel Fellowships 200,000
    Campaign For The Fair Sentencing Of Youth
    1319 F St NW Suite 303
    Washington,DC20004     		  PC Unrestricted Funding 50,000
    Campaign For Youth Justice
    1220 L Street NW Suite 605
    Washington,DC20005     		  PC Unrestricted Funding 50,000
    Center For Children's Advocacy Inc
    65 Elizabeth Street
    Hartford,CT06105     		  PC Unrestricted Funding 125,000
    Center For Children's Law And Policy Inc
    1701 K ST NW Suite 1100
    Washington,DC200061510     		  PC Unrestricted Funding 60,000
    Center For Community Alternatives
    115 East Jefferson Street
    Syracuse,NY13202     		  PC Unrestricted Funding and Raise The Age Youth Advocacy and Newsletter 52,500
    Chelsea Opera Inc
    PO Box 277 Old Chelsa Sation
    New York,NY10113     		  PC Discretionary Grant on behalf of Dr. Leonard Tow for the 2015-2016 season 2,500
    Childrens Defense Fund
    15 Maiden Lane Suite 1200
    New York,NY10038     		  PC Unrestricted Funding 75,000
    Clifford W Beers Guidance Clinic Inc
    93 Edwards Street
    New Haven,CT06511     		  PC Unrestricted Funding 50,000
    Coalition For Juvenile Justice
    1319 F Street NW Suite 402
    Washington,DC200041106     		  PC Unrestricted Funding and State Advisory Group Capacity for Transformative Juvenile Justice Reform Leadership 75,000
    Committee To Protect Journalists Inc
    330 7th Avenue 11th Floor
    New York,NY100015010     		  PC 2015 International Press Freedom Awards Dinner's Call to Action Contribution 5,000
    Community Mediation Inc
    3013 Dixwell Ave Suite 3
    Hamden,CT06518     		  PC Creating Truly Restorative Juvenile Review Boards 25,000
    Community Partners In Action
    110 Bartholomew Avenue Suite 3010
    Hartford,CT06106     		  PC Holiday Gifts for Juvenile Justice Youth on behalf of Emily Tow Jackson and Unrestricted Funding 52,000
    Connecticut Challenge Inc
    1300 Post Road
    Fairfield,CT06824     		  PC BLK Bike CT Challenge Cancer Ride 750
    Connecticut Council For Philanthropy
    212 Main Street
    Hartford,CT06106     		  PC 2015 Membership Support on behalf of Emily Tow Jackson 5,000
    Connecticut Legal Services Inc
    62 Washington Street 4th Floor
    Middletown,CT06106     		  PC Stop the School to Prison Pipeline 50,000
    Connecticut News Project Inc
    53 Oak Street Suite 15
    Hartford,CT06106     		  PC The Connecticut Mirror 16,100
    Connecticut Players Foundation Inc DBA Long Wharf Theatre
    222 Sargent Drive
    New Haven,CT06511     		  PC Title Sponsor for Small State, Big Debate: Race, Director's discretionary grant on behalf of Leonard and Emily Tow, Discretionary Grant on behalf of Eileen Wiseman, and Renovation of the main stage theater complex, therinafter to be named the "Claire Tow Stage" 309,950
    Connecticut Voices for Children Inc
    33 Whitney Avenue
    New Haven,CT06510     		  PC Unrestricted Funding 75,000
    Connecticut Youth Services Association
    PO Box 551
    Glastonbury,CT06033     		  PC Bromley's Juvenile Delinquency Certificate and Engaging Municipal Leaders in JJ Reform: From Talk to Action 42,500
    Correctional Association Of New York
    2090 Adam Clayton Powell Blvd Suite
    200
    New York,NY10027     		  PC Juvenile Justice Project - Raise The Age and Host Committee for the Correctional Association's 170th Anniversary Celebration 85,000
    Council Of Churches Of Greater Bridgeport Inc
    1100 Boston Avenue Building 5A
    Bridgeport,CT06610     		  PC Faith Community Educational Advocacy Project 40,000
    Domus Kids Inc
    83 Lockwood Avenue
    Stanford,CT06902     		  PC The Trafigura Work & Learn Business Center 100,000
    Easton Country Day School Inc
    660 Morehouse Rd
    Easton,CT06612     		  PC Discretionary Grant on behalf of Sue Ransden 200
    Emerson College
    120 Boylston Street
    Boston,MA02116     		  PC Discretionary Grant to HowlRound for Playwright Residency blog series and facilitation 2,500
    Equal Justice Initiative
    122 Commerce Street
    Montgomery,AL361042538     		  PC Annual Benefit Dinner 2015 Bronze Level donation on behalf of Emily Tow Jackson 4,430
    Families in Crisis Inc
    60 Popieluszko Court
    Hartford,CT06106     		  PC Discretionary Grant for Susan Quinlan's Tribute Book on behalf of Emily Tow Jackson and unrestricted funding 50,250
    Family Re Entry Inc
    9 Mott Avenue
    Norwalk,CT06850     		  PC Increasing Impact: Informing Public Policy in Adult/Juvenile Criminal Justice 40,000
    Freedom School Partners Inc
    1030 Arosa Avenue
    Charlotte,NC28237     		  PC 2015 Director's Discretionary Grant towards Shalom Park Freedom School on behalf of Amy Lefkof 5,000
    Friends Of Karen Inc
    118 Titicus Road
    North Salem,NY10560     		  PC Supporting Children Facing a Life-threatening illness, their Siblings and Families 45,000
    Friends Of Nathaniel Witherell Inc
    70 Parsonage Road
    Greenwich,CT06830     		  PC Discretionary Grant on behalf of Camille Kramer 1,000
    Grantmakers For Effective Organizations
    1725 DeSales Street NW Suite 404
    Washington,DC20036     		  PC 2015 Membership Contribution on behalf of Emily Tow Jackson 4,270
    Greek Orthodox Archdiocese Of America
    1527 Bedford Street
    Stanford,CT06905     		  PC Discretionary grant on behalf of Diane Sierpina 1,500
    Hands Up For Haiti Inc
    PO Box 913
    Mt Kosco,NY10549     		  PC Discretionary Grant on behalf of Emily Tow Jackson for Annual Celebration 100
    Hospital For Special Surgery
    535 East 70th Street
    New York,NY10021     		  PC The creation of the David Z. Rosensweig Genomics Research Center 1,120,000
    Hour Children Inc
    36-11 12th Street
    Long Island City,NY11106     		  PC Hour Children's Programs at Bedford Hills Correctional Facility 50,000
    Hudson Link For Higher Education In Prison Inc
    23-25 Spring Street
    Ossining,NY105620862     		  PC Greene Correctional Facility College Degree Program 55,000
    Icahn School Of Medicine At Mount Sinai
    One Gustave L Levy Place Box 1049
    New York,NY10029     		  PC Discretionary Grant o/b/o Nancy Blaney for Gallium68 Dotatate Scanner, and Discretionary Grant o/b/o Nancy Blaney for Dr. Warner's Carcinoid cancer study 1,000
    Innocence Project Inc
    40 Worth Street Ste 701
    New York,NY100132994     		  PC Strengthening the Innocence Project's Network Support Unit (NSU) 100,000
    Island Community Chorus Inc
    PO Box 4157
    Vineyard Haven,MA02568     		  PC Discretionary Grant on behalf of Maureen Strafford 2,000
    Jack M Barrack Hebrew Academy
    272 S Bryn Mawr Avenue
    Bryn Mawr,PA19010     		  PC Discretionary Grant on behalf of Frank Tow 2,500
    Justice Policy Institute
    1012 14th Street NW Suite 60
    Washington,DC20005     		  PC Unrestricted Funding 100,000
    Justleadershipusa Inc
    555 Lenox Avenue Suite 4C
    New York,NY10037     		  PC Membership Level Support for 2nd Annual Benefit aND Unrestricted Funding 102,502
    Juvenile Law Center
    1315 Walnut Street 4th Floor
    Philadelphia,PA19107     		  PC Juvenile Law Center 40th Anniversary Leadership Sponsorship and Juvenile Life Without Parole 84,450
    Kennesaw State Unversity Research And Service Foundation Inc
    1000 Chastain Rd
    Kennesaw,GA30144     		  SO I Juvenile Justice Information Exchange and Juvenile Justice J-School Collaborative 170,000
    Kids In Crisis Inc
    1 Salem Street
    Cos Cob,CT06807     		  PC Unrestricted Funding 50,000
    Legal Action Center Of The City Of New York Inc
    225 Varick Street 4th Floor
    New York,NY10014     		  PC NY ATI & Reentry Policy Reform Project 35,000
    Lifebridge Community Services Inc
    475 Clinton Avenue
    Bridgeport,CT066051700     		  PC Silver Sponsorship for Food for Thought Luncheon 2015 and Work to Learn(W2L)/Youth Business Center (YBC) 52,300
    Malta Prison Volunteers Of Connecticut Inc
    33 Chester place
    Southport,CT068900481     		  PC Criminal Justice Reform Initiative 15,000
    Martha's Vineyard Chamber Music Society
    PO Box 4189
    Vineyard Haven,MA02568     		  PC Martha's Vineyard Chamber Music Society 5,000
    Memorial Sloan-Kettering Cancer Center
    1275 York Avenue
    New York,NY10065     		  PC Michael G. Harris Cell Therapy & Cell Engineering Facility 1,600,000
    Middlesex United Way Inc
    100 Riverview Center Suite 230
    Middletown,CT06457     		  PC Middlesex Coalition for Children o/b/o Emily Tow Jackson 5,000
    Music For Youth Inc
    PO Box 403
    Westport,CT06881     		  PC April 4, 2015 Young Persons' Concert by Cicely Parnas 3,000
    Music In The Park Atl
    2952 Mockingrid Lane SW
    Atlanta,GA30311     		  PC Discretionary grant on behalf of Andrew Tow. 5,000
    Nami Of Connecticut Inc
    576 Farmington Avenue
    Hartford,CT06105     		  PC KTP Children's Committee 50,000
    National Center For Family Philanthropy Inc
    1667 K Street NW Suite 550
    Washington,DC20006     		  PC Membership contribution on behalf of Emily Tow Jackson 4,900
    National Conference of State Legislatures (NCSL)
    7700 East First Place
    Denver,CO80230     		  GOV Informing Juvenile Justice Policy: Raise the Age 75,000
    National Multiple Sclerosis Society - Greater Delaware Valley Chapter
    30 South 17th Street Suite 800
    Philadelphia,PA19103     		  PC 2015 MS City to Shore 150 on behalf of Frank Tow 1,000
    New Canaan Volunteer Ambulance Corps Inc
    182 South Avenue
    New Canaan,CT06840     		  PC Discretionary grant on behalf of Nadia Alia and Member's Discretionary Grant on behalf of Dr. Leonard Tow 5,250
    New York Genome Center Inc
    101 Avenue of the Americas
    New York,NY10013     		  PC Genetics and Genomics of ALS: Sequencing, Data Warehousing, and Analysis 2,500,000
    New York Public Radio
    160 Varick Street
    New York,NY10013     		  PC Radio Rookies 10,000
    New York Shakespeare Festival
    425 Lafayette Street
    New York,NY10003     		  PC Public Works & The Mobile Shakespeare Unit 150,000
    Norwalk Hospital Foundation Inc
    34 Maple Street
    Norwalk,CT068503815     		  PC Discretionary Grant for Pulmonary Education at Norwalk Hospital 10,000
    Nutmeg Big Brothers Big Sisters Inc
    30 Laurel Street Suite 3
    Hartford,CT060161377     		  PC One-to-One Mentoring for System-Involved Youth 50,000
    Nysarc Inc
    PO Box2 630 Route 217
    Mellenville,NY125440002     		  PC Discretionary grant on of behalf Camille Kramer 1,000
    Our Piece Of The Pie Inc
    20-28 Sargeant Street
    Hartford,CT06105     		  PC OPP in Communities 50,000
    Our Sisters School Inc
    145 Brownell Avenue
    New Bedford,MA02740     		  PC Discretionary Grant on behalf of David Tobias 5,000
    Parents & Friends Of The Lower Fairfield County Regional Center Inc
    146 Silvermine Avenue
    Norwalk,CT06850     		  PC Discretionary grant on behalf of Diane Sierpina 100
    Partners Healthcare System Inc
    PO Box 1477
    Oak Bluffs,MA02557     		  PC Member's Discretionary Grant on behalf of Dr. Leonard Tow 5,000
    Partnership For Strong Communities Inc
    227 Lawrence St
    Hartford,CT06106     		  PC CT Runaway and Homeless Youth Project 35,000
    Peace First Inc
    25 Kingston Street 6th Floor
    Boston,MA02111     		  PC Peace First Fellowship 25,000
    Philanthropy New York Inc
    1500 Boradway 7th Floor
    New York,NY10036     		  PC Fund for 2025 - Public Policy Fellows Program and Membership contribution on behalf of Emily Tow Jackson. 63,730
    Prison Communities International Inc
    12 Huntville Road
    Katonah,NY105362002     		  PC Sing Sing "Wizard of Oz" performance on May 29th, aned Unrestricted Funding 30,150
    Regional Youth Adult Social Action Partnership Inc
    2470 Fairfield Avenue
    Bridgeport,CT06605     		  PC CTJJA Juvenile Training Facility Advocacy Grant, Restorative Justice (RJ)-Mediation Project and Unrestricted Funding 280,000
    Research Foundation Of The City University Of New York
    524 West 59th Street Room 623T
    New York,NY10019     		  PC Tow Advocacy Fellowships 250,000
    Robin Hood Foundation
    826 Broadway 9th Floor
    New York,NY10003     		  PC Dead & Company & Juvenile/Criminal Justice Project 22,500
    Saint Ann's School
    129 Pierrepont Stret
    Brooklyn,NY11201     		  PC Member's discretionary grant to Jack Eustis Scholarship Fund on behalf of Leonard Tow & Emily Tow Jackson 1,000
    San Francisco Public Health Foundation
    367 Cedar Street Suite 410
    New Haven,CT06510     		  PC Expanding and Sustaining the Transitions Clinic Network Model in Connecticut 25,000
    San Miguel Academy of Newburgh
    245 Renwick Street
    NewBurgh,NY12550     		  PC Discretionary Grant on behalf of Dr. Tow & Emily Tow Jackson 5,000
    Songcatchers Inc
    50 Washington Avenue
    New Rochelle,NY10801     		  PC Discretionary Grant on behalf of Nadia Alia 750
    St Anns Warehouse Inc
    55 Washington Street 458
    Brooklyn,NY11201     		  PC Henry IV Outreach Program and Discretionary Grant - Gala Committee: Vice-Chairs Sponsorship 82,000
    St Lukes Foundation Inc
    377 North Wilton Road
    New Canaan,CT068402317     		  PC Director's discretionary on behalf of Emily Tow Jackson 5,000
    The Arnold Gold Foundation
    619 Palisade Avenue 2nd Floor
    Englewood Cliffs,NJ07632     		  PC 2015 Golden Thread Gala on behalf of Dr. Leonard Tow 47,000
    The Community Foundation for the National Capital Region
    1201 15th Street NW Suite 420
    Washington,DC20005     		  PC Unrestricted funding to support the Youth Transition Funders Group and the Juvenile Justice Work Group 15,000
    The Connecticut Women's Consortium Inc
    2321 Whitney Avenue Suite 401
    Hamden,CT06518     		  PC Silver Sponsor: 16th Bi-Annual AFJO Conference 4,260
    The Fairfield County Community Foundation Inc
    383 Main Avenue
    Norwalk,CT068511543     		  PC Fund for Women and Girls' Luncheon 2015: Camille, Nadia, and Khrystyna attended on April 9,2015 615
    The Forum For Youth Investment
    7064 Eastern Ave NW
    Washington,DC20012     		  PC SparkAction - Unrestricted Funding 40,000
    The Vermont Center For Ecostudies Inc
    PO Box 420
    Norwich,VT05055     		  PC On behalf of David Tobias 5,000
    Trustees For Harvard University
    6 Divinity Avenue
    Cambridge,MA02138     		  PC Harvard University Center for Jewish Studies 500
    Trustees of Columbia University In The City Of New York
    722 W 168th Street 14th Floor
    New York,NY100322695     		  PC Grant for The University Seminars on behalf of Dr. Leonard Tow, Tow Faculty Leadership Scholars Fund and Center for Justice 226,000
    University of New Haven
    300 Boston Post Road
    West Haven,CT06516     		  PC Tow Youth Justice Institute at University of New Haven 225,000
    University of New York Senior College
    219 West 40th Street
    New York,NY10018     		  PC Tow Professorships at the CUNY J-School 50,000
    Village for Families & Children Inc
    1680 Albany Avenue
    Hartford,CT06105     		  PC Truancy Court Prevention Project (TCPP) 50,000
    Visiting Nurse & Hospice Of Fairfield County Inc
    761 Main Avenue
    Norwalk,CT06851     		  PC Member's Discretionary Grant on behalf of Dr. Leonard Tow 1,000
    Vivian Beaumont Theater Inc
    150 West 65th Street
    New York,NY10023     		  PC Annual Board Gift on behalf of Dr. Leonard Tow 50,000
    Wesleyan University
    222 Church St Room 306
    Middletown,CT06511     		  PC Unrestricted Funding 50,000
    Westchester Children's Association
    470 Mamaroneck Avenue
    White Plains,NY10605     		  PC Westchester Raise the Age Campaign 25,000
    William J Brennan Jr Center For Justice Inc
    161 Avenue Of The Americas 12th
    floor
    New York,NY100131205     		  PC Law Enforcement Leadership Group to Reduce Crime and Incarceration 25,000
    Youth Continuum Inc
    141 Valley Street
    New Haven,CT06515     		  PC Unrestricted Funding 50,000
    Youth Rights Media Inc
    85 Willow St Bldg A 2nd F1 Ste 3
    New Haven,CT06511     		  PC Media Arts Programming 40,000
    Total .................................bullet 3a 10,605,677
    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 ...........     		    14 1,242  
    4 Dividends and interest from securities....     14 4,640,333  
    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.....     14 446,724  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 796,199  
    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 5,884,498 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    135,884,498
    (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
    The Tow Foundation
     
    Employer identification number

    06-6484045
    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
    The Tow Foundation
          		Employer identification number
    06-6484045
    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
     
     

    Leonard Tow  
    50 locust avenue
     
    New Canaan, CT068404737

    		$ 11,787,153


    (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.)
    (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
    The Tow Foundation
          		Employer identification number

    06-6484045
    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
    		 life insurance policy $ 11,787,153 2015-12-31
    (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
     
    		$    
    (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
    The Tow Foundation
          		Employer identification number

    06-6484045
    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:
    The Tow Foundation
    EIN:
    06-6484045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting 68,102 34,051   34,051

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

    TY 2015 DepreciationSchedule
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    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
    equipment 2009-01-01 35,866 28,693 SL 7.000000000000 7,173 0    

    TY 2015 GeneralExplanationAttachment
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Identifier Return Reference Explanation
      Form 990PF, Part VII-B line 1(a)3 & 4: THE ORGANIZATION PAYS COMPENSATION TO ONE OF ITS BOARD MEMBERS FOR HER DUTIES AS EXECUTIVE DIRECTOR OF THE ORGANIZATION. IN ADDITION THE ORGANIZATION REIMBURSES THIS BOARD MEMBER FOR ORDINARY AND NECESSARY BUSINESS EXPENSES. THIS MEETS THE DEFINITION OF SELF-DEALING AND AS SUCH, PART VII-B QUESTIONS 1A(3 AND 4) HAVE BEEN ANSWERED YES. HOWEVER, THE PAYMENTS ARE REASONABLE AND NOT EXCESSIVE. THE PAYMENT DOES NOT FAIL TO QUALIFY AS AN EXCEPTION AND THEREFORE PART VII-B QUESTION 1B HAS BEEN ANSWERED NO.
      form 990PF, Part xiii, line 7: Pursuant to REG 53.4942(a)-3(c)(2)(iv), the organization elects to treat, as current corpus distribution, the following unused prior tax year's distributions that were treated as corpus distributions under REG 53.4942(a)-3(d)(1)(iii):2012 - $8,678,3662013 - $3,108,787

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Name of Bond End of Year Book Value End of Year Fair Market Value
    deutsche bank Equity - corp bonds 20,076,386 20,077,930

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Name of Stock End of Year Book Value End of Year Fair Market Value
    deutsche bank Equity - corp stock 33,123,122 35,642,413
    ML - Corp Stock 26,582,171 24,089,318

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    US Government Securities - End of Year Book Value:

    5,073,813
    US Government Securities - End of Year Fair Market Value:

    5,063,932
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    golub capital partner AT COST 5,125,003 5,125,000
    deutsche bank Equity - fixed income investment fund AT COST 4,479,966 4,068,278
    ML Trust & PIA AT COST 84,511,841 85,696,701

    TY 2015 LandEtcSchedule2
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    equipment 35,866 35,866 0 0


    TY 2015 LegalFeesSchedule
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal 290 0   290


    TY 2015 OtherAssetsSchedule
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    life insurance policies 20,409,556 27,107,125 46,513,703


    TY 2015 OtherDecreasesSchedule
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Description Amount
    EXCESS FMV OVER COST OF LIFE INSURANCE COntributions 5,089,584
    2014 Trust Non div income adj for sales-never booked 23,296
    Prior years cost adjustment 4,918


    TY 2015 OtherExpensesSchedule
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank ,cr card, wires, int., stock chgs 1,111 485   626
    Communication expenses 21,477 0   21,477
    Computer expenses 50,813 0   50,813
    Insurance 271,028 260,020   11,008
    Investment mtg, staff dev. 8,134 7,500   634
    Membership Dues 4,690 0   4,690
    Miscellaneous,gifts, char. exp 2,821 2,058   763
    Office Expenses 3,871 0   3,871
    Payroll processing fees 1,857 0   1,857
    Telephone expenses 12,225 0   12,225


    TY 2015 OtherIncomeSchedule2
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    golub capital partners 446,724 446,724 446,724


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Merrill Lynch investment fees 410,280 410,280   0
    Consulting fees 13,431 0   13,431
    Deutsche Bank investment fees 287,664 287,664   0


    TY 2015 TaxesSchedule
    Name:
    The Tow Foundation
    EIN:
    06-6484045
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign TAx 32,361 32,361   0
    US Taxes 100,150 0   0