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
FORREST C & FRANCES H LATTNER
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)198 NE 6TH AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DELRAY BEACH, FL33483
A Employer identification number

20-3106502
B Telephone number (see instructions)

(561) 266-9494
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$65,577,319J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 32 32  
4 Dividends and interest from securities... 113,124 113,124  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,273,176
b Gross sales price for all assets on line 6a 11,803,415
7 Capital gain net income (from Part IV, line 2)... 4,273,176
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 341,710 341,710  
12 Total. Add lines 1 through 11........ 4,728,042 4,728,042  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 118,327 23,665   94,662
14 Other employee salaries and wages...... 128,743 32,186   96,557
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 24,275 24,275   0
c Other professional fees (attach schedule).... Click to see attachment 521,919 521,919   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 60,746 32,905   7,485
19 Depreciation (attach schedule) and depletion... Click to see attachment 577 423  
20 Occupancy.............. 44,099 22,481   21,618
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 24,737 6,184   18,553
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 923,423 664,038   238,875
25 Contributions, gifts, grants paid....... 4,033,066 4,033,066
26 Total expenses and disbursements. Add lines 24 and 25 4,956,489 664,038   4,271,941
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -228,447
b Net investment income (if negative, enter -0-) 4,064,004
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 8,209,681 11,226,703 11,226,703
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).......... 60,324,055 Click to see attachment56,885,582 54,059,955
14 Land, buildings, and equipment: basis bullet31,200
Less: accumulated depreciation (attach schedule) bullet15,751 317 Click to see attachment15,449 15,449
15 Other assets (describe bullet) Click to see attachment97,340 Click to see attachment275,212 Click to see attachment275,212
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 68,631,393 68,402,946 65,577,319
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........ 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 68,631,393 68,402,946
30 Total net assets or fund balances (see instructions)..... 68,631,393 68,402,946
31 Total liabilities and net assets/fund balances (see instructions). 68,631,393 68,402,946
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
68,631,393
2
Enter amount from Part I, line 27a .....................
2
-228,447
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
68,402,946
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
68,402,946
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 121.872 SHS HIGHFIELDS CAPITAL LTD. P 2011-06-28 2015-07-01
b 687.318 SHS CONATUS CAPITAL OVERSEAS LTD. P   2015-06-30
c 523.841207 SHS VALINOR CAPITAL PARTNERS OFFSHORE - 1B P 2011-06-28 2015-07-22
d 614.516141 SHS VALINOR CAPITAL PARTNERS OFFSHORE - 1C P 2011-06-28 2015-07-22
e 1,939.840 SHS MASON CAPITAL, LTD P 2011-09-28 2015-10-14
62,611.807 SHS FPA CRESCENT FUND P 2011-07-26 2015-12-01
CONATUS CAPITAL OVERSEAS LTD P    
DAVIDSON KEMPNER INSTITUTIONAL PTRS LP P    
FIR TREE INT'L VALUE FD II LTD P    
MASON CAPITAL LTD P    
SILCHESTER INT'L VALUE EQUITY TRUST P    
SCOPIA PX INT'L LTD P    
VALINOR CAPITAL PARTNERS -1B P    
VALINOR CAPITAL PARTNERS -1C P    
METRO REAL ESTATE PARTERS IV LP P    
METRO REAL ESTATE PARTERS V LP P    
METRO REAL ESTATE PARTERS VI LP P    
PARK STREET CAPITAL PRIVATE EQUITY VII LP P    
PARK STREET CAPITAL PRIVATE EQUITY VIII LP P    
PARK STREET CAPITAL NATURAL RESOURCE FD P    
PARK STREET CAPITAL NATURAL RESOURCES CORP P    
NO TRUST - AGENCY/CLEARING P    
NO TRUST - NT-2-086843 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 400,000   291,284 108,716
b 1,000,000   963,617 36,383
c 733,030   527,605 205,425
d 866,970   614,499 252,471
e 3,555,228   3,371,327 183,901
2,100,000   1,746,270 353,730
495,423     495,423
104,810     104,810
19,156     19,156
184,121     184,121
799,080     799,080
43,868     43,868
71,271     71,271
245,700     245,700
74,787     74,787
153,313     153,313
90,744     90,744
79,785     79,785
165,980     165,980
    9,558 -9,558
    6,079 -6,079
4,272     4,272
615,877     615,877
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       108,716
b       36,383
c       205,425
d       252,471
e       183,901
      353,730
      495,423
      104,810
      19,156
      184,121
      799,080
      43,868
      71,271
      245,700
      74,787
      153,313
      90,744
      79,785
      165,980
      -9,558
      -6,079
      4,272
      615,877
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 4,273,176
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 4,293,972 73,686,242 0.058274
2013 4,469,216 75,781,476 0.058975
2012 4,131,208 74,695,915 0.055307
2011 4,992,518 74,882,323 0.066672
2010 4,534,064 81,429,963 0.055681
2
Total of line 1, column (d) .....................
20.294909
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
0.058982
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
66,338,991
5
Multiply line 4 by line 3......................
5
3,912,806
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
40,640
7
Add lines 5 and 6........................
7
3,953,446
8
Enter qualifying distributions from Part XII, line 4.............
8
4,271,941
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 40,640
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 40,640
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 40,640
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 94,081
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 94,081
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 53,441
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet53,441 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFORREST FRANCES LATTNER FOUNDATIO Telephone no.bullet (561) 266-9494

    Located atbullet198 NE 6TH AVENUEDELRAY BEACHFL ZIP+4bullet33483
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    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
    DREW HOLLENBECK TRUSTEE
    10.00     		46,795 0 0
    198 NE 6TH AVENUE
    DELRAY BEACH,FL33483
    DAVID W HOLLENBECK TRUSTEE
    10.00     		37,631 0 0
    198 NE 6TH AVENUE
    DELRAY BEACH,FL33483
    DOUGLAS HOLLENBECK TRUSTEE
    10.00     		33,901 0 0
    198 NE 6TH AVENUE
    DELRAY BEACH,FL33483
    SUSAN L LLOYD CHAIRMAN
    10.00     		0 0 0
    198 NE 6TH AVENUE
    DELRAY BEACH,FL33483
    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
    SUE MANN FUND MANAGER
    40.00     		103,430 0 0
    198 NE 6TH AVENUE
    DELRAY BEACH,FL33483
    MARIE CLAIRE A DIAB ADMINISTRATIVE
    40.00     		25,313 0 0
    198 NE 6TH AVENUE
    DELRAY BEACH,FL33483
    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
    NONE
    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
    58,792,045
    b
    Average of monthly cash balances.......................
    1b
    8,363,025
    c
    Fair market value of all other assets (see instructions)................
    1c
    194,159
    d
    Total (add lines 1a, b, and c).........................
    1d
    67,349,229
    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
    67,349,229
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,010,238
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    66,338,991
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,316,950
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    3,316,950
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    40,640
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    40,640
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,276,310
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,276,310
    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
    3,276,310
    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
    4,271,941
    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
    4,271,941
    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
    40,640
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,231,301
    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 3,276,310
    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...... 469,625
    b From 2011...... 1,323,588
    c From 2012...... 447,649
    d From 2013...... 826,966
    e From 2014...... 650,372
    fTotal of lines 3a through e........ 3,718,200
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,271,941
    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..... 3,276,310
    e Remaining amount distributed out of corpus 995,631
    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 4,713,831
    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) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		469,625
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		4,244,206
    10 Analysis of line 9:
    a Excess from 2011.... 1,323,588
    b Excess from 2012.... 447,649
    c Excess from 2013.... 826,966
    d Excess from 2014.... 650,372
    e Excess from 2015.... 995,631
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AIR WARRIOR COURAGE FOUNDATION
    PO BOX 877
    SILVER SPRING,MD20918     		NONE 501(C)3 GENERAL SUPPORT 2,000
    THE ALLIANCE FOR NATURAL HEALTH
    6931 ARLINGTON RD STE 304
    BETHESDA,MD20814     		NONE 501(C)3 PUBLIC EDUCATION PROJECTS 30,000
    AMERICAN CITIZENS FOR HEALTH CHOICE(VT)
    6301 CULLIGAN WAY
    MINNETONKA,MN55345     		NONE 501(C)3 VERMONT COALITION FOR VACCINE CHOICE 5,000
    AS YOU SOW
    1611 TELEGRAPH AVE STE 1450
    OAKLAND,CA94612     		NONE 501(C)3 GENERAL SUPPORT 1,750
    ASPEN STRONG FOUNDATION
    135 W MAIN ST STE 1
    ASPEN,CO81611     		NONE 501(C)3 GENERAL SUPPORT 5,000
    AUDUBON PENNSYLVANIA
    1201 PAWLINGS RD
    AUDUBON,PA19403     		NONE 501(C)3 CREATING HEALTHIER YARDS, AWARENESS OF TOXINS 35,000
    AUDUBON SOCIETY OF RHODE ISLAND
    12 SANDERSON RD
    SMITHFIELD,RI02917     		NONE 501(C)3 HANDS-ON ENVIRONMENTAL EDUCATION PROGRAMS 10,000
    AYERS FOUNDATION
    6 HAVERSHAM RD
    WESTERLY,RI02891     		NONE 501(C)3 OPERATING AND GROW AND GO SEEK GARDEN 15,000
    BIONUTRIENT FOOD ASSOCIATION
    24 HILLSVILLE RD
    N BROOKFIELD,MA01535     		NONE 501(C)3 SCHOLARSHIPS, ADVANCE WEBSWITE, DIRECT FARMER 40,000
    BLUE RIDGE PARKWAY FOUNDATION
    717 S MARSHALL ST STE 105B
    WINSTON SALEM,NC27101     		NONE 501(C)3 GENERAL SUPPORT 1,000
    BOCA RATON SOCIETY FOR THE DISABLED
    306 NW 35TH ST
    BOCA RATON,FL33431     		NONE 501(C)3 PROVIDE AHCA APPROVED LUNCHES 21,400
    BOWS & BALLCAPS
    C/O PINNACLE BANK 270 E MAIN ST
    HENDERSONVILLE,TN37075     		NONE 501(C)3 GENERAL SUPPORT 500
    BOY SCOUTS - NARRAGANSETT COUNCIL #546
    PO BOX 14777
    E PROVIDENCE,RI02914     		NONE 501(C)3 CAMP SCHOLARSHIPS FOR INNER-CITY YOUTH 7,000
    BOYS & GIRLS CLUB OF DELRAY
    800 NORTHPOINT PARKWAY STE 204
    W PALM BEACH,FL33407     		NONE 501(C)3 "TRIPLE PLAY" PROGRAM; HEALTHY, FRESH SNACKS 25,000
    CAMPAIGN FOR A COMMERCIAL-FREE CHILDH
    89 SOUTH ST STE 403
    BOSTON,MA02111     		NONE 501(C)3 GENERAL SUPPORT 3,000
    THE CENTER FOR AN AGRICULTURAL ECONOMY
    PO BOX 422
    HARDWICK,VT05843     		NONE 501(C)3 PROGRAMMATIC GOALS WITHIN SCHOOLS 25,000
    CHAMPLAIN COLLEGE
    PO BOX 670
    BURLINGTON,VT05402     		NONE 501(C)3 2 SINGLE PARENT SCHOLARSHIPS, SAVE THE DAY 40,000
    CHEFS COLLABORATIVE
    PO BOX 425088
    CAMBRIDGE,MA02142     		NONE 501(C)3 GENERAL SUPPORT 1,750
    CHESTNUT HILL MEALS ON WHEELS
    1710 BETHLEHEM PIKE
    FLOURTOWN,PA19031     		NONE 501(C)3 SUBSIDIZED THE COST OF MEALS AND GENERAL 6,000
    CHILDREN'S GLOBAL ALLIANCE
    2121 N FRONTAGE RD 176
    VAIL,CO81657     		NONE 501(C)3 MATCHING GRANT TOWARDS FUNDRAISER; OFFICE 30,000
    THE CLIMATE REALITY PROJECT
    750 9TH ST NW STE 520
    WASHINGTON,DC20001     		NONE 501(C)3 GENERAL SUPPORT 1,750
    THE COMFORT CUB
    2240 ENCINITAS BLVD STE D110
    ENCINITAS,CA92024     		NONE 501(C)3 PURCHASE OF BEARS, OUTREACH, PROGRAM SUPPORT 50,000
    COMMITTEE ON TEMPORARY SHELTER
    PO BOX 1616
    BURLINGTON,VT05402     		NONE 501(C)3 HOUSING RESOURCE CENTER 5,000
    COMMON ROOTS
    PO BOX 9335
    S BURLINGTON,VT05407     		NONE 501(C)3 CHEF SUPPORT, PROGRAMMING AND OPERATING 50,000
    COMMUNITY CARING CENTER OF BOYNTON BEA
    145 NE 4TH AVE
    BOYNTON BEACH,FL33435     		NONE 501(C)3 SENIOR VEGGIE MOBILE & HOME DELIVERED MEALS 4,000
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		NONE 501(C)3 ORGANIZATION-WIDE ADVOCACY & STATE-SPECIFIC 50,000
    CORNUCOPIA INSTITUTE
    PO BOX 126
    CORNUCOPIA,WI54827     		NONE 501(C)3 PROGRAM SUPPORT; PURCHASE OF MELTWATER 50,000
    CROS MINISTRIES
    301 FIRST AVE SOUTH
    LAKE WORTH,FL33460     		NONE 501(C)3 CARING KITCHEN 5,000
    THE CROSSROADS CLUB
    1700 LAKE IDA RD
    DELRAY BEACH,FL33445     		NONE 501(C)3 LIVING SKILLS IN THE SCHOOLS PROGRAM 15,000
    DELRAY BEACH PLAYHOUSE
    950 NW 9TH ST
    DELRAY BEACH,FL33444     		NONE 501(C)3 CHILDREN'S THEATER 2,000
    DELRAY BEACH PUBLIC LIBRARY
    100 W ATLANTIC AVE
    DELRAY BEACH,FL33444     		NONE 501(C)3 CHILDREN'S DEPT. 10,000
    DENISON PEQUOTSEPOS NATURE CENTER
    PO BOX 122
    MYSTIC,CT06355     		NONE 501(C)3 COOGAN FARM TEACHING KITCHEN 33,500
    DRAGONFLY FOREST
    1100 E HECTOR ST STE 333
    CONSHOHOCKEN,PA19428     		NONE 501(C)3 2015 CAMP SESSIONS 20,000
    EAGLE RIVER WATERSHED COUNCIL
    PO BOX 5740
    EAGLE,CO81631     		NONE 501(C)3 STUDY OF GORE CREEK'S AQUATIC LIFE IMPAIRMENTS 30,000
    EARTHJUSTICE
    50 CALIFORNIA ST STE 500
    SAN FRANCISCO,CA94111     		NONE 501(C)3 GENERAL SUPPORT 1,750
    EAST LAKE UNITED METHODIST CHURCH (TOY
    2690 TANGLEWOOD TR
    PALM HARBOR,FL34685     		NONE 501(C)3 GENERAL SUPPORT FOR TOY MAKERS OF EAST LAKE 3,000
    EDUCATION FOUNDATION OF EAGLE COUNTY
    PO BOX 18533
    AVON,CO81620     		NONE 501(C)3 FOR UB.U 5,000
    ENVIRONMENT & HUMAN HEALTH
    1191 RIDGE RD
    N HAVEN,CT06473     		NONE 501(C)3 ISSUES ON WOOD SMOKE EXPOSURE 20,000
    ENVIRONMENTAL WORKING GROUP
    1436 U ST NW STE 100
    WASHINGTON,DC20009     		NONE 501(C)3 GENERAL SUPPORT 1,750
    EPIDEMIC ANSWERS
    PO BOX 191
    W SIMSBURY,CT06092     		NONE 501(C)3 DEVELOP THE DOCUMENTING HOPE PROJECT 40,000
    FAMILIES FIRST IN SOUTHERN VERMONT
    PO BOX 939
    WILMINGTON,VT05363     		NONE 501(C)3 WILD HOPES FARM 2,000
    FARM-BASED EDUCATION ASSOCIATION
    1611 HARBOR RD
    SHELBURNE,VT05482     		NONE 501(C)3 2016 NOURISH VERMONT TRADITIONAL FOODS 85,000
    FARM-TO-CONSUMER FOUNDATION
    2692 MADISON RD STE N1-371
    CINCINNATI,OH45208     		NONE 501(C)3 PROGRAM SUPPORT 45,000
    FELLOWSHIP OF THE WHEEL
    405 LEAVENSWORTH RD
    HINESBURG,VT05461     		NONE 501(C)3 GENERAL SUPPORT 4,000
    FLYNN CENTER FOR THE PERFORMING ARTS
    153 MAIN STREET
    BURLINGTON,VT05401     		NONE 501(C)3 2015-2016 STUDENT MATINEE PROGRAM 25,000
    FOOD & WATER WATCH
    1616 P ST NW
    WASHINGTON,DC20036     		NONE 501(C)3 GENERAL SUPPORT 1,750
    FRIENDS OF THE EARTH
    1101 15TH ST NW 11TH FL
    WASHINGTON,DC20005     		NONE 501(C)3 GENERAL SUPPORT 1,750
    FRIENDS OF THE PIERSON LIBRARY
    5376 SHELBURNE RD
    SHELBURNE,VT05482     		NONE 501(C)3 GENERAL SUPPORT 2,000
    GEORGIA ELITE
    C/O R MCABEE 10140 KINCROSS RD
    ROSWELL,GA30076     		NONE 501(C)3 BASKETBALL PROGRAM 20,000
    GOLDEN SPIRAL FOUNDATION
    240 E FERN DR
    BOCA RATON,FL33432     		NONE 501(C)3 GENERAL SUPPORT 1,000
    GREEN AMERICA
    1612 K ST NW STE 600
    WASHINGTON,DC20006     		NONE 501(C)3 GENERAL SUPPORT 1,750
    GREEN MOUNTAIN VALLEY SCHOOL
    271 MOULTON RD
    WAITSFIELD,VT05673     		NONE 501(C)3 SUGARBUSH/GMVS SKI CLUB 3,000
    THE GREENE SCHOOL
    94 JOHN POTTER RD
    W GREENWICH,RI02817     		NONE 501(C)3 GENERAL SUPPORT 1,750
    HEROES ON THE WATER
    101-C N GREENVILLE AVE 55
    ALLEN,TX75002     		NONE 501(C)3 CENTRAL PA CHAPTER SUPPORT 5,000
    THE HOLE IN THE WALL GANG FUND
    555 LONG WHARF DR
    NEW HAVEN,CT06511     		NONE 501(C)3 HOSPITAL OUTREACH SPECIALIST & HEALTHY NUTRITIO 100,000
    HOMES FOR OUR TROOPS
    6 MAIN ST
    TAUNTON,MA02780     		NONE 501(C)3 GENERAL SUPPORT 5,000
    HORIZONS ATLANTA
    805 MOUNT VERNON HWY NW
    ATLANTA,GA30327     		NONE 501(C)3 GENERAL OPERATIONAL SUPPORT 20,000
    IN THE PINES
    16101 HALF MILE RD BLDG G OFFICE
    DELRAY BEACH,FL33446     		NONE 501(C)3 GENERAL SUPPORT 4,000
    INJURED MARINE SEMPER FI FUND
    825 COLLEGE BLVD
    OCEANSIDE,CA92057     		NONE 501(C)3 FUNDRAISING EFFORTS OF SONS OF PACIFIC HEROES 7,500
    INTERVALE CENTER
    180 INTERVALE ROAD
    BURLINGTON,VT05401     		NONE 501(C)3 PROGRAM SUPPORT 45,000
    ISLAND PRESSCENTER FOR RES ECONOMICS
    2000 M ST NW STE 650
    WASHINGTON,DC20036     		NONE 501(C)3 PUBLICATIONS INFORMING ON SUSTAINABLE PRACTICES 35,000
    JONNYCAKE CENTER OF WESTERLY
    23 INDUSTRIAL DR
    WESTERLY,RI02891     		NONE 501(C)3 EMERGENCY FINANCIAL AID, ADULT EDUCATION, FOOD 40,000
    KING STREET CENTER
    PO BOX 1615
    BURLINGTON,VT05402     		NONE 501(C)3 GENERAL SUPPORT 3,000
    LAKE CHAMPLAIN WALDORF SCHOOL
    359 TURTLE LN
    SHELBURNE,VT05482     		NONE 501(C)3 CONSTRUCTION, RENOVATION & TECHNOLOGY HARD-WIR 50,000
    THE LIONHEART SCHOOL
    225 ROSWELL ST
    ALPHARETTA,GA30009     		NONE 501(C)3 LIONHEART FOR LIFE PROGRAM 50,000
    THE LITERACY PROJECT
    PO BOX 608
    MINTURN,CO81645     		NONE 501(C)3 TOWARDS ELLEN MILLER'S FUNDRAISING EFFORTS 5,000
    LITERACY VOLUNTEERS OF WASHINGTON CNTY
    93 TOWER ST UNITS 25 26
    WESTERLY,RI02891     		NONE 501(C)3 ADMINISTRATIVE AND INDIRECT COSTS 18,000
    LITTLE BELLAS
    PO BOX 1083
    JERICHO,VT05465     		NONE 501(C)3 GENERAL SUPPORT 3,000
    LMW HEALTHCARE
    25 WELLS ST
    WESTERLY,RI02891     		NONE 501(C)3 WESTERLY HOSPITAL'S EMERGENCY ROOM 5,000
    THE LORD'S PLACE
    PO BOX 3265
    WEST PALM BEACH,FL33402     		NONE 501(C)3 FAMILY CAMPUS 4,000
    MANNA
    2323 RANSTEAD ST
    PHILADELPHIA,PA19103     		NONE 501(C)3 COMPREHENSIVE NUTRITION SERVICES 35,000
    MEDICS ON A MISSION
    380 LENOX AVE
    NEW YORK,NY10027     		NONE 501(C)3 2016 MEDICAL MISSION 500
    MIND SPRINGS HEALTH
    6916 HIGHWAY 62
    GLENWOOD SPRINGS,CO81601     		NONE 501(C)3 DEVELOPMENT OF PEER OPERATED RESPITE HOUSE; 115,000
    MUNCY HISTORICAL SOCIETY AND MUSEUM OF
    PO BOX 11
    MUNCY,PA17756     		NONE 501(C)3 GENERAL SUPPORT 5,000
    NATIONAL WILDLIFE FEDERATION
    PO BOX 1583
    MERRIFIELD,VA22116     		NONE 501(C)3 GENERAL SUPPORT 1,750
    NATURAL RESOURCES DEFENSE COUNCIL
    40 W 29TH ST
    NEW YORK,NY10011     		NONE 501(C)3 GENERAL SUPPORT 1,750
    THE NATURE CONSERVANCY IN RHODE ISLAND
    159 WATERMAN ST
    PROVIDENCE,RI02906     		NONE 501(C)3 CONSERVATION OF COASTAL & MARINE SYSTEMS 250,000
    NEED IN DEED
    211 N 13TH ST STE 501
    PHILADELPHIA,PA19107     		NONE 501(C)3 SERVICE-LEARNING WORK IN PHILADELPHIA SCHOOLS 25,000
    NEW ENGLAND SCIENCE AND SAILING FDN
    70 WATER ST PO BOX 733
    STONINGTON,CT06378     		NONE 501(C)3 NEW LONDON PROGRAMMING, & MATCHING 2-YEAR 250,000
    NON-GMO PROJECT
    1155 N STATE ST STE 502
    BELLINGHAM,WA98225     		NONE 501(C)3 GENERAL SUPPORT 1,750
    NORTHEAST ORGANIC FARMING ASSOC(NOFA)
    P O BOX 697
    RICHMOND,VT05477     		NONE 501(C)3 PROGRAM SUPPORT 50,000
    OCEAN COMMUNITY YMCA
    95 HIGH STREET
    WESTERLY,RI02891     		NONE 501(C)3 BOAT DOCKING EXTENSION; STANDBY GENERATORS; 46,000
    OCEAN CONSERVANCY
    1300 19TH ST NW STE 800
    WASHINGTON,DC20036     		NONE 501(C)3 PHASE II OF GLOBAL PLASTICS INITIATIVES WORK; 125,000
    OCEANA
    1350 CONNECTICUT AVE NW 5TH FL
    WASHINGTON,DC20036     		NONE 501(C)3 GENERAL SUPPORT 1,750
    OPENING DOORS FOR WESTERLY'S CHILDREN
    10 HOLLY DR
    WESTERLY,RI02891     		NONE 501(C)3 FUND SCHOLARSHIPS FOR HASBRO SUMMER LEARNIN 5,000
    ORGANIC CONSUMERS ASSOCIATION
    6771 S SILVER HILL DR
    FINLAND,MN55603     		NONE 501(C)3 WORK ON PUBLIC AWARENESS AND GMO LABELING 87,500
    ORGANIC FARMING RESEARCH FOUNDATION
    PO BOX 440
    SANTA CRUZ,CA95061     		NONE 501(C)3 GENERAL FUNDS TO SUPPORT AMERICAN ORGANIC FAR 85,000
    PCI-MEDIA IMPACT
    777 UNITED NATIONS PLAZA 5TH FLOOR
    NEW YORK,NY10017     		NONE 501(C)3 PROTECTION OF CHIMPANZEES IN RWANDA, ELEPHANT 15,000
    PACE ORGANIZATION W ADULT DAY CENTER
    5 UNION ST
    WESTERLY,RI02891     		NONE 501(C)3 SUBSIDIZE ADULT DAY SERVICES AT LOWEST END OF 10,000
    PALM BEACH POST SEASON TO SHARE FUND
    2751 S DIXIE HIGHWAY
    WEST PALM BEACH,FL33405     		NONE 501(C)3 SEASON TO SHARE 2015 60,000
    PAWCATUCK NEIGHBORHOOD CENTER
    PO BOX 1697
    PAWCATUCK,CT06379     		NONE 501(C)3 OPERATIONAL EXPENSES 15,000
    PENNSYLVANIA HORTICULTURAL SOCIETY
    100 N 20TH STREET 5TH FLOOR
    PHILADELPHIA,PA19103     		NONE 501(C)3 GROWING TOGETHER GARDEN; GROWING ORGANIC 50,000
    PENNYPACK FARM EDUCATION CTR
    7005 SHEAF LN
    FT WASHINGTON,PA19034     		NONE 501(C)3 EDUCATIONAL PROGRAMMING 30,000
    PHILADELPHIA MURAL ARTS ADVOCATES
    1727-29 MT VERNON ST
    PHILADELPHIA,PA19130     		NONE 501(C)3 AFTER-SCHOOL, WEEKEND & SUMMER ART EDUCATION 75,000
    PLANNED PARENTHOOD OF SOUTHERN NEW ENG
    345 WHITNEY AVE
    NEW HAVEN,CT06511     		NONE 501(C)3 RHODE ISLAND SERVICES 1,750
    PUPPIES BEHIND BARS
    263 W 38TH ST 4TH FL
    NEW YORK,NY10016     		NONE 501(C)3 GENERAL SUPPORT 5,000
    RECOVERY YOGA
    52 EUGENE ONEILL DR
    NEW LONDON,CT06320     		NONE 501(C)3 MATCHING FUNDS 30,000
    RENAISSANCE CITY THEATER
    1 GRANITE ST
    WESTERLY,RI02891     		NONE 501(C)3 GRANITE THEATRE CORP. 2,500
    RHODE ISLAND COMMUNITY FOOD BANK
    200 NIANTIC AVENUE
    PROVIDENCE,RI02907     		NONE 501(C)3 ACQUISITION & DISTRIBUTION OF FOOD TO MEMBER 25,000
    ROUNDUP RIVER RANCH
    PO BOX 8589
    AVON,CO81620     		NONE 501(C)3 2ND PAYMENT OF 3-YEAR PLEDGE FOR SOLAR PV 168,166
    RURAL VERMONT
    15 BARRE STREET STE 2
    MONTPELIER,VT05602     		NONE 501(C)3 PROGRAMS, SERVICES, STAFF AND STRENGTHENING LEA 65,000
    SALT MARSH OPERA
    PO BOX 227
    STONINGTON,CT06378     		NONE 501(C)3 OFFSET PRODUCTION COSTS OF LA CENERENTOLA FOR 15,000
    THE SALVATION ARMY
    701 N BROAD STREET
    PHILADELPHIA,PA19123     		NONE 501(C)3 GENERAL OPERATING SUPPORT 50,000
    SAVE THE BAY
    100 SAVE THE BAY DRIVE
    PROVIDENCE,RI02905     		NONE 501(C)3 SOUTH COUNTY COAST KEEPER AND CORE EFFORTS 90,000
    THE SHELBURNE CRAFT SCHOOL
    PO BOX 52
    SHELBURNE,VT05482     		NONE 501(C)3 GENERAL SUPPORT 4,000
    SHELBURNE FARMS
    1611 HARBOR ROAD
    SHELBURNE,VT05842     		NONE 501(C)3 STRENGTHEN FOOD SYSTEMS AND AGRICULTURE EDUCA 125,000
    SHELTERBOX USA
    8374 MARKET ST 203
    LAKELAND RANCH,FL34202     		NONE 501(C)3 HELP SHELTER FAMILIES FLEEING THE ONGOING SYRIAN 5,000
    THE SOUP KITCHEN INC
    8645 W BOYNTON BEACH BLVD
    BOYNTON BEACH,FL33474     		NONE 501(C)3 MEALS ON WHEELS; PURCHASE STAINLESS STEEL COOLER 50,000
    SOUTHEASTERN GUIDE DOGS
    4210 77TH ST E
    PALMETTO,FL34221     		NONE 501(C)3 GENERAL SUPPORT 1,000
    SPECIAL OPERATIONS WARRIOR FOUNDATION
    PO BOX 89367
    TAMPA,FL33681     		NONE 501(C)3 GENERAL SUPPORT 2,000
    STAND UP FOR ANIMALS
    PO BOX 1706
    WESTERLY,RI02891     		NONE 501(C)3 GENERAL SUPPORT 1,750
    STANFORD UNIVERSITY (FOR HUMAN FOOD PROJ)
    DEVELOPMENT SVCS PO BOX 20466
    STANFORD,CA94309     		NONE 501(C)3 HAZDA PROJECT IN AFRICA 35,000
    STARTING HEARTS
    PO BOX 2981
    AVON,CO81620     		NONE 501(C)3 NEIGHBOR SAVER PROGRAM AND CALL.PUSH.SHOCK 25,000
    SYLVESTER COMPREHENSIVE CANCER CENTER
    PO BOX 016960 M-867
    MIAMI,FL33101     		NONE 501(C)3 INTERVENTIONAL RADIOLOGY DEPARTMENT 3,000
    SURFRIDER FOUNDATION
    PO BOX 6010
    SAN CLEMENTE,CA92674     		NONE 501(C)3 GLOBAL SUPPORT; RI CHAPTER; RISE ABOVE PLASTICS 65,000
    TRINITY YARD SCHOOL
    PO BOX 319
    BRISTOL,VT05472     		NONE 501(C)3 SPONSOR GRADUATING STUDENTS IN CAREER DEVELOP 20,000
    UTE SPRINGS EXPERIENTIAL LEARNING CENTER
    PO BOX 5799
    EAGLE,CO81631     		NONE 501(C)3 GENERAL OPERATING COSTS 50,000
    UNIVERSITY OF MIAMI
    1500 NW 12TH AVE STE 1020E
    MIAMI,FL33136     		NONE 501(C)3 LIVINGSTONE CHAIR IN SURGICAL ONCOLOGY 5,000
    VERMONT COMMUNITY GARDEN NETWORK
    12 NORTH ST STE 5
    BURLINGTON,VT05401     		NONE 501(C)3 FOOD AND GARDEN EDUCATION PROGRAMMING 25,000
    VERMONT FRESH NETWORK
    PO BOX 895
    RICHMOND,VT05477     		NONE 501(C)3 2016 INITIATIVES 15,000
    VERMONT LAND TRUST
    8 BAILEY AVENUE
    MONTPELIER,VT05602     		NONE 501(C)3 FARMLAND CONSERVATION; STAFF WORK ON FARMLAND 100,000
    VERRY MERRY THEATRE
    119 SPRUCE ST
    BURLINGTON,VT05401     		NONE 501(C)3 GENERAL SUPPORT 3,000
    WARM (WESTERLY AREA REST MEALS)
    56 SPRUCE STREET
    WESTERLY,RI02891     		NONE 501(C)3 OPERATIONAL & PROGRAM SUPPORT FOR HARVEST HOM 25,000
    WAKE ROBIN
    200 WAKE ROBIN DR
    SHELBURNE,VT05482     		NONE 501(C)3 2016 INITIATIVES 25,000
    WAYSIDE HOUSE
    378 NE SIXTH AVE
    DELRAY BEACH,FL33483     		NONE 501(C)3 GENERAL SUPPORT 5,000
    WESTERLY ARMORY RESTORATION
    PO BOX 614
    WESTERLY,RI02891     		NONE 501(C)3 INSTALLATION OF THE HVAC SYSTEM IN DRILL HALL 20,000
    THE WESTERLY LAND TRUST
    PO BOX 601
    WESTERLY,RI02891     		NONE 501(C)3 CONSERVATION & ACQUISITION; CONSERVATION LAND 105,500
    THE WESTERLY REVOLVING FUND
    PO BOX 112
    WESTERLY,RI02891     		NONE 501(C)3 GENERAL SUPPORT 1,750
    WESTON A PRICE FOUNDATION
    4200 WISCONSIN AVENUE NW
    WASHINGTON,DC20016     		NONE 501(C)3 RESEARCH ON FAT-SOLUBLE VITAMINS;SCHOLARSHIPS 125,000
    WOMEN'S VOICES FOR THE EARTH
    PO BOX 8743
    MISSOULA,MT59807     		NONE 501(C)3 GENERAL SUPPORT 2,000
    THE WOOD-PAWCATUCK WATERSHED ASSN
    203 ARCADIA ROAD
    HOPE VALLEY,RI02832     		NONE 501(C)3 WATERSHED CONSERVATION & IMPACT STUDIES 75,000
    WOODMERE ART MUSEUM
    9201 GERMANTOWN AVENUE
    PHILADELPHIA,PA19118     		NONE 501(C)3 CHILDREN'S COMPONENT OF PHILARTDELPHIA 25,000
    Total .................................bullet 3a 4,033,066
    bApproved for future payment
    ROUNDUP RIVER RANCH
    P O BOX 8589
    AVON,CO81620     		NONE 501(C)3 3RD PAYMEBT OF 3-YEAR PLEDGE FOR SOLAR PV 168,166
    THE CENTER FOR AN AGRICULTURAL ECONOMY
    P O BOX 422
    HARDWICK,VT05843     		NONE 501(C)3 PROGRAMMATIC GOALS WITH SCHOOLS 25,000
    NEED IN DEED
    211 N 13TH ST STE 501
    PHILADELPHIA,PA19107     		NONE 501(C)3 SERVICE LEARNING WORK IN PHILADELPHIA SCHOOLS 25,000
    Total .................................bullet 3b 218,166
    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 32  
    4 Dividends and interest from securities....     14 113,124  
    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.....     14 341,710  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 4,273,176  
    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 4,728,042 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    134,728,042
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 24,275 24,275   0

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

    TY 2015 DepreciationSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    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
    FURNITURE 2006-01-01 6,793 6,793 200DB 7.000000000000 0 0    
    OFFICE EQUIPMENT 2006-01-01 2,676 2,676 200DB 5.000000000000 0 0    
    DESK & RETURN 2007-02-22 1,721 1,721 200DB 7.000000000000 0 0    
    LCD PROJECTOR 2007-05-04 779 779 200DB 7.000000000000 0 0    
    TRAVEL PROJECTOR & STAND 2007-04-30 490 490 200DB 7.000000000000 0 0    
    POSTERS FOR OFFICE 2008-05-08 150 72 200DB 7.000000000000 3 7    
    FAX MACHINE 2008-10-08 180 89 200DB 5.000000000000 0 0    
    TOILET 2008-10-17 300 142 200DB 7.000000000000 7 36    
    TELEPHONE 2008-11-07 102 49 200DB 7.000000000000 2 12    
    PRINTER 2008-11-07 224 112 200DB 5.000000000000 0 0    
    HURRICANE SHUTTERS 2008-09-16 1,400 668 200DB 7.000000000000 31 150    
    COMPUTER 2014-06-10 675 67 200DB 5.000000000000 108 135    
    DESKTOP COMPUTER & ACCESSORIES 2015-05-27 710   200DB 5.000000000000 426 83    
    GRANTS ONLINE SYSTEM 2015-12-31 15,000   SL 36.000000000000 0 0    

    TY 2015 InvestmentsOtherSchedule2
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS AT COST 56,885,582 54,059,955

    TY 2015 LandEtcSchedule2
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE 6,793 6,793 0  
    OFFICE EQUIPMENT 2,676 2,676 0  
    DESK & RETURN 1,721 1,721 0  
    LCD PROJECTOR 779 779 0  
    TRAVEL PROJECTOR & STAND 490 490 0  
    POSTERS FOR OFFICE 150 150 0  
    FAX MACHINE 180 179 1  
    TOILET 300 299 1  
    TELEPHONE 102 102 0  
    PRINTER 224 224 0  
    HURRICANE SHUTTERS 1,400 1,399 1  
    COMPUTER 675 513 162  
    DESKTOP COMPUTER & ACCESSORIES 710 426 284  
    GRANTS ONLINE SYSTEM 15,000 0 15,000  


    TY 2015 OtherAssetsSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID FEDERAL EXCISE TAX 97,340 96,984 96,984
    A/R - MASON CAPITAL LTD 0 178,228 178,228


    TY 2015 OtherExpensesSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 7,838 1,960   5,878
    OFFICE MAINTENANCE 5,098 1,275   3,823
    OFFICE EXPENSE 2,799 700   2,099
    COMPUTER SUPPLIES 400 100   300
    PAYROLL FEE 1,962 490   1,472
    EQUIPMENT RENT 996 249   747
    UTILITIES 4,894 1,223   3,671
    MEMBERSHIP FEES 750 187   563


    TY 2015 OtherIncomeSchedule2
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SILCHESTER INTL VALUE EQUITY TRUST 472,222 472,222 472,222
    METROPOLITAN REAL ESTATE PARTNERS IV LP 6,129 6,129 6,129
    METROPOLITAN REAL ESTATE PARTNERS V LP 13,759 13,759 13,759
    PARK STREET CAPITAL PRIVATE EQUITY FD VII LP 3,923 3,923 3,923
    PARK STREET CAPITAL PRIVATE EQUITY FD VIII LP 7,787 7,787 7,787
    PARK STREET CAPITAL NATURAL RESOURCE FD III LP 21,580 21,580 21,580
    METROPOLITAN REAL ESTATE PARTNERS VI LP 10,144 10,144 10,144
    PARK STREET CAPITAL NATURAL RESOURCE FD III CORP -1,254 -1,254 -1,254
    DAVIDSON KEMPNER INSTL PTRS LP 120,446 120,446 120,446
    VALINOR CAPITAL PTRS -1B 29,391 29,391 29,391
    VALINOR CAPITAL PTRS - 1C 101,325 101,325 101,325
    MASON CAPITAL LTD -504,650 -504,650 -504,650
    CONATUS CAPITAL OVERSEAS LTD 60,908 60,908 60,908


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTANT FEES 200,000 200,000   0
    MANAGEMENT FEES 321,919 321,919   0


    TY 2015 TaxesSchedule
    Name:
    FORREST C & FRANCES H LATTNER
     
    FOUNDATION
    EIN:
    20-3106502
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 30,342 30,342   0
    EXCISE TAX 20,356 0   0
    PAYROLL TAX 9,981 2,496   7,485
    OTHER 67 67   0