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
OSA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)351 W HUBBARD STREET STE 600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60654
A Employer identification number

72-1589724
B Telephone number (see instructions)

(312) 920-9490
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$8,362,384J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 216,199 216,199  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 263,307
b Gross sales price for all assets on line 6a 2,568,229
7 Capital gain net income (from Part IV, line 2)... 263,307
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 479,506 479,506  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 256      
b Accounting fees (attach schedule)....... Click to see attachment 5,000 2,500    
c Other professional fees (attach schedule).... Click to see attachment 44,218 44,218    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,717 2,717    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,880      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 39,085 36,793    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 103,156 86,228   0
25 Contributions, gifts, grants paid....... 485,499 485,499
26 Total expenses and disbursements. Add lines 24 and 25 588,655 86,228   485,499
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -109,149
b Net investment income (if negative, enter -0-) 393,278
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............. 800,493 256,951 256,951
2 Savings and temporary cash investments.........      
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)....... 5,771,103 Click to see attachment5,985,862 6,082,898
c Investments—corporate bonds (attach schedule)....... 1,300,193 Click to see attachment1,472,451 1,449,642
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 471,006 Click to see attachment515,347 554,500
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment15,358 Click to see attachment18,393 Click to see attachment18,393
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,358,153 8,249,004 8,362,384
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 8,358,153 8,249,004
30 Total net assets or fund balances (see instructions)..... 8,358,153 8,249,004
31 Total liabilities and net assets/fund balances (see instructions). 8,358,153 8,249,004
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
8,358,153
2
Enter amount from Part I, line 27a .....................
2
-109,149
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
8,249,004
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,249,004
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 PUBLICALLY TRADED SECURITIES P    
b ST PARTNERSHIP PASSTHROUGH GAIN P    
c LT PARTERSHIP PASSTHROUGH GAIN P    
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,475,439   2,304,922 170,517
b 60     60
c 92,730     92,730
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       170,517
b       60
c       92,730
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 263,307
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 60
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 464,029 7,717,393 0.060128
2013 392,794 7,343,778 0.053487
2012 330,418 6,071,726 0.054419
2011 313,547 6,215,286 0.050448
2010 280,222 6,006,917 0.046650
2
Total of line 1, column (d) .....................
20.265132
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
0.053026
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
8,731,659
5
Multiply line 4 by line 3......................
5
463,005
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,933
7
Add lines 5 and 6........................
7
466,938
8
Enter qualifying distributions from Part XII, line 4.............
8
485,499
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 3,933
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,933
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,933
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 12,423
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 12,423
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 8,490
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet8,490 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    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.THEOSAFOUNDATION.ORG
    14
    The books are in care ofbulletJACK AND ROBIN LAVIN Telephone no.bullet (312) 920-9490

    Located atbullet351 W HUBBARD STREETCHICAGOIL ZIP+4bullet606541760
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ROBIN LAVIN PRESIDENT/SE
    30.00     		0 0 0
    351 W HUBBARD STREET
    SUITE 600
    CHICAGO,IL60654
    JACK LAVIN V.P./TREASUR
    1.00     		0 0 0
    351 W HUBBARD STREET
    SUITE 600
    CHICAGO,IL60654
    MITCHELL KENT DIRECTOR
    0.50     		0 0 0
    351 W HUBBARD STREET
    SUITE 600
    CHICAGO,IL60654
    ERIC LAVIN DIRECTOR
    1.00     		0 0 0
    351 W HUBBARD STREET
    SUITE 600
    CHICAGO,IL60654
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,103,238
    b
    Average of monthly cash balances.......................
    1b
    673,682
    c
    Fair market value of all other assets (see instructions)................
    1c
    87,708
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,864,628
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    8,864,628
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    132,969
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,731,659
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    436,583
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    436,583
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,933
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,933
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    432,650
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    432,650
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    432,650
    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
    485,499
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    485,499
    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
    3,933
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    481,566
    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 7 432,650
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 78,710
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 485,499
    a Applied to 2014, but not more than line 2a 78,710
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 406,789
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		25,861
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALL CHICAGO
    651 W WASHINGTON
    SUITE 504
    CHICAGO,IL60661     		NONE PUBLIC STUDENT EMERGENCY FUND 10,000
    BOTTOM LINE
    65 EAST WACKER PLACE
    SUITE 800
    CHICAGO,IL60601     		NONE PUBLIC GENERAL OPERATING 10,000
    CHICAGO COALITION FOR HOMELESS
    70 E LAKE ST 720
    CHICAGO,IL60601     		NONE PUBLIC SCHOLARSHIP AND LAPTOP PROGRAM 10,000
    CHICAGO COMMUNITY FOUNDATION
    225 NORTH MICHIGAN AVENUE
    SUITE 2200
    CHICAGO,IL60601     		NONE PUBLIC POST SECONDARY PATHWAYS 10,000
    CHICAGO FOUNDATION FOR WOMEN
    1 E WACKER DR STE 1620
    CHICAGO,IL60601     		NONE PUBLIC ECONOMIC SECURITY 15,000
    CHICAGO PUBLIC EDUCATION FUND
    200 WEST ADAMS
    SUITE 2150
    CHICAGO,IL60606     		NONE PUBLIC GENERAL OPERATING 30,000
    FOREFRONT
    208 SOUTH LASALLE
    SUITE 1540
    CHICAGO,IL60604     		NONE PUBLIC COLLEGE ACHIEVEMENT 10,000
    EDUCATORS FOR EXCELLENCE
    333 W 39TH STREET
    STE 703
    NEW YORK,NY10018     		NONE PUBLIC CHICAGO LAUNCH 30,000
    EMBARC INC
    PO BOX 221450
    CHICAGO,IL60622     		NONE PUBLIC GENERAL OPERATING 30,000
    GIRLS IN THE GAME
    1501 W RANDOLPH ST
    CHICAGO,IL60607     		NONE PUBLIC TEEN PROGRAMING 20,000
    HEALTHY SCHOOLS CAMPAIGN
    175 N FRANKLIN SUITE 300
    CHICAGO,IL60606     		NONE PUBLIC CHANGE FOR GOOD 30,000
    HIGH JUMP
    59 W NORTH BLVD
    CHICAGO,IL60610     		NONE PUBLIC GENERAL OPERATING 10,000
    INTRINSIC SCHOOLS
    4517 N ARTESIAN
    CHICAGO,IL60625     		NONE PUBLIC TECHNOLOGICAL PROGAMS 30,000
    KIPP CHICAGO
    135 MAIN STREET STE 1700
    SAN FRANCISCO,CA94105     		NONE PUBLIC INSTRUCTIONAL TECHNOLOGY 30,000
    LEAPINNOVATIONS
    222 W MERCHANDISE MART
    SUITE 1212
    CHIAGO,IL60654     		NONE PUBLIC EDUCATOR PROGRAMMING 25,000
    NATIONAL COUNCIL ON TEACHER QUALITY
    1120 G STREETNW STE 800
    WASHINGTON,DC20005     		NONE PUBLIC TEACHER PREP EVALUATION 25,000
    NOBLE STREET CHARTER SCHOOLS
    1010 N NOBLE STREET
    CHICAGO,IL60640     		NONE PUBLIC COLLEGE HEDGEHOG PROGRAM 25,000
    ONE GOAL
    215 W SUPERIOR STE 700
    CHICAGO,IL60654     		NONE PUBLIC GENERAL OPERATING 25,000
    ONE MILLION DEGREES
    226 W JACKSON 528
    CHICAGO,IL60606     		NONE PUBLIC GENERAL OPERATING 25,000
    POSSE CHICAGO
    111 WEST JACKSON BLVD
    STE 1900
    CHICAGO,IL60607     		NONE PUBLIC GENERAL OPERATING 30,000
    SPARK PROGRAM
    223 W JACKSON STE 600
    CHICAGO,IL60606     		NONE PUBLIC GENERAL OPERATING 30,499
    YEAR UP CHICAGO
    223 W JACKSON BLVD 400
    CHICAGO,IL60606     		NONE PUBLIC GENERAL OPERATING 25,000
    Total .................................bullet 3a 485,499
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 216,199  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 263,307  
    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)..   479,506  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13479,506
    (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:
    OSA FOUNDATION
    EIN:
    72-1589724
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,000 2,500    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    OSA FOUNDATION
    EIN:
    72-1589724
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JP MORGAN CHASE & CO 112,096 112,130
    TIME WARNER 72,853 73,011
    BANK OF AMERICA CORP 75,221 75,015
    ALCOA INC 80,773 80,528
    DOW CHEMICAL CO 88,742 88,399
    REPUBLIC SERVICES INC 54,748 54,298
    KINROSS GOLD CORP 70,752 49,250
    CANADIAN NATIONAL RESOURCES 75,529 70,678
    WELLS FARGO    
    SOUTHERN CAL EDISON 52,658 55,088
    GENERAL ELECTRIC 135,802 136,154
    NET APP 75,647 74,498
    CELGENE 73,489 74,405
    AT&T 52,901 53,217
    ANHEUSER-BUSCH 83,416 82,992
    EBAY 76,541 76,228
    HSBC HOLDINGS 54,814 55,588
    WAL-MART STORES INC 54,782 55,049
    BERKSHIRE HATHAWAY INC 77,871 79,982
    HEWLETT-PACKARD CO 24,785 24,599
    VERIZON COMMUNICATIONS 79,031 78,533

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    OSA FOUNDATION
    EIN:
    72-1589724
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ARROW GLOBAL 1,160,231 1,263,408
    ACCENTURE PLC IRELAND CL A 6,126 8,151
    ACTIVISION BLIZZARD IN 7,097 11,884
    ADOBE SYSTEMS 6,217 8,549
    AFLAC INCORPORATED 7,497 6,829
    ALLIANZ SE ADS 7,102 7,594
    ALPHABET INC CL A 2,533 5,446
    ALPHABET INC CL C 1,381 3,794
    AMERICAN EXPRESS CO. 5,664 6,120
    AUTODESK INC DELAWARE 7,119 7,007
    BRIGHT HORIZONS FAMILY SOLUT 4,857 9,352
    CADENCE DESIGN SYSTEM 7,100 8,178
    CAMDEN PROPERTY TRUST 5,578 7,369
    CAPITAL ONE FINANCIAL CORP 6,455 6,424
    CARMAX INC 5,684 6,099
    CHEESECAKE FACTORY 6,923 6,824
    CHESAPEAKE ENERGY CORP    
    CISCIO SYS INC 5,177 6,599
    CREDIT ACCEPTANCE 5,077 8,133
    DAIMLER AG    
    DARDEN RESTAURANTS    
    DEVON ENERGY CORP 7,271 3,840
    DISCOVER SERIES A    
    DISCOVER SERIES C    
    EOG RESOURCES INC    
    FACTSET RESEARCH SYSTEMS INC 5,237 7,641
    GENERAL MILLS 6,724 7,784
    GOLDMAN SACHS GRP INC 6,338 6,669
    GOOGLE IN-CL-C    
    GOOGLE IN-CL- A    
    HITACHI 10 COM NEW ADR    
    HYATT 6,100 5,595
    INTERCONTINENTAL HOTELS GROUP 7,084 6,818
    INTEL CORP    
    INTUIT INC 5,402 7,045
    MARRIOTT INTL INC 4,049 5,765
    MICROSOFT CORP    
    NATL INSTRUMS CP    
    NETAPP INC 7,500 4,908
    NORDSTROM INC 5,464 4,383
    NOVO NORDISK A/S ADR 2,478 8,886
    NUSTAR ENERGY LP UNIT COM    
    QUALCOMM INC    
    RACKSPACE HOSTING INC    
    REGENERON PHARM 6,866 8,686
    ROBERT HALF INTERNATIONAL 7,065 5,563
    ROCHE HOLDINGS ADR 7,463 7,446
    SALESFORCE.COM, INC 5,937 8,624
    SEVENTY SEVEN ENERGY    
    ST JUDE MEDICAL    
    STRYKER CORP 5,824 7,249
    TENCENT HOLDINGS 7,107 8,142
    THE CONTAINER STORE 7,083 3,173
    TWITTER INC 7,072 3,448
    ULTIMATE SOFTWARE GP INC 6,942 8,602
    UMPQUA HOLDINGS CORP    
    VMWARE INC CLASS A 7,063 4,695
    WHOLE FOODS MARKETS INC 7,142 4,255
    WORKDAY 7,051 6,852
    AIR PROD & CHEM INC 6,459 5,985
    AMERICAN EXPRESS CO 14,135 12,867
    AMERICAN TOWER REIT 7,839 8,144
    AMGEN INC 11,676 12,175
    ANTHEM INC COM 11,763 11,713
    BANK OF NY MELLON 6,320 6,430
    CAMDEN PROPERTY TRUST 9,014 8,848
    CAPITAL ONE FINANCIAL CORP 7,325 6,857
    CITIGROUP IN NEW 10,832 10,505
    COCO COOLA 10,643 11,642
    CONOCOPHILLIPS 9,594 9,525
    CROWN HLDGS INC 10,386 10,394
    CVS HEALTH 22,705 21,314
    DANAHER CORPORATION 11,054 11,703
    DISH NETWORK 17,908 17,268
    EATON CORP PLC SHS 4,991 4,527
    EMERSON ELECTRIC CO 6,756 6,744
    EMN CORP MASS 9,360 9,656
    GENERAL ELECTRIC 13,143 16,354
    HOME DEPOT 8,638 9,654
    HONEYWELL INTERNATIONAL 13,215 13,671
    ILL TOOL WORKS 11,019 12,048
    INTL BUSINESS MACHINES CORP 4,874 4,541
    JOHNSON & JOHNSON 11,541 12,429
    JP MORGAN CHASE 24,040 24,695
    KELLOGG CO 9,547 10,335
    KIMBERLY CLARK CORP 7,706 9,166
    MARCH & MCLENNAN COS INC 9,624 9,870
    MARTIN MARIETTA METERIALS 18,818 15,570
    MERCK & CO 14,715 14,050
    METLIFE INCORPORATED 7,120 6,846
    MICROSOFT CORP 10,755 13,537
    MOTOROLA SLUTIONS 9,707 10,268
    NATIONAL OILWELL VARCO INC 6,311 5,057
    NOVARTIS AG ADR 6,982 6,109
    NUANCE COMMUNICATIONS INC 8,730 10,442
    PEPSICO INC NC 12,114 12,990
    PRECISION CASTPARTS CORP 10,784 10,904
    PROGRESSIVE CORP OHIO 5,760 6,106
    ROYAL DUTCH SHELL PLC 10,275 8,975
    SCHLUMBERGER LTD 11,774 10,881
    SEMPRA ENERGY 9,978 9,683
    STATE STREET CORP 12,780 11,613
    SYNCHRONY FINANCIAL 6,615 6,173
    SYSCO CORP 6,754 6,929
    TARGET CORPORATION 14,461 13,433
    TE CONNECTIVITY LTD NEW 8,970 9,821
    TEVA PHARMACEUTICALS ADR 11,248 11,356
    TIME WARNER INC NEW 16,007 14,292
    TJX COS INC NEW 8,433 8,438
    TRAVELERS COMPANIES INC COM 10,227 11,512
    TEWNTY-FIRST CENTURY FOX 10,720 10,429
    US BANKCORP COM NEW 16,971 16,982
    WELLS FARGO & CO NEW 17,821 18,102
    XEROX CORP 8,546 8,823
    ARES CAPITAL CORP 49,419 39,900
    ALPHABET INC CL A 20,801 33,454
    ALPHABET INC CL C 3,108 6,071
    APPLE INC 38,432 45,999
    BERKSHIRE HATHAWAY CL-B NEW 45,370 50,175
    COACH INC    
    COGNIZANT TECH SOLUTIONS CL A 21,514 31,511
    CORE LABORATORIES 27,348 22,509
    CUMMINS INC    
    EMC CORP MASS    
    EXPRESS SCRIPTS HLDGS CO COM 29,972 39,772
    GOOGLE INC    
    GOOGLE SERIES A    
    KRAFT HEINZ CO 21,463 21,464
    LKQ CORPORATION 24,638 25,926
    M&T BANK CORP 32,472 33,325
    MEAD JOHNSON 21,786 21,711
    NATIONAL OILWELL VARCO INC    
    NOW INC    
    PAYPAL HOLDINGS 14,532 15,385
    PERRIGO CO LTD 30,576 29,229
    PRICELINE.COM INC 23,432 28,049
    QUALCOMM INC 53,012 38,988
    SCHLUMBERGER LTD 36,663 31,039
    STERICYCLE INC 23,997 23,638
    VARIAN MEDICAL SYS INC    
    VERISK ANLYTICS CL A 18,290 23,448
    VISA INC CL A 14,562 23,265
    AIR METHODS CORP    
    AMERICAN CAMPUS CMMTYS INC    
    AMERISAFE INC    
    ANALOGIC CORPORATION    
    BALCHEM    
    BLACKBAUD INC    
    CANTEL MEDICAL CORP    
    CARDTRONICS INC    
    CAVIUM INC COM    
    CEPHEID INC    
    CLARCOR INC    
    CLECO CORP HLDG CO.    
    COGNEX CORP    
    COHEN & STEERS INC    
    COMPASS MINERALS INTER INC    
    CORPORATE EXEC BOARD CO    
    COSTAR GROUP IN    
    DRILL-QUIP INC    
    EPAM SYSTEMS    
    FEI COMPANY    
    FLOTEK IND INC    
    FORUM ENERGY TECHNOLGIES    
    GLACIER BANCORP INC NEW    
    GLOBUS MEDICAL    
    GRAND CANYON ED INC COM    
    GROUP I AUTOMOTIVE INC    
    HEARTLAND EXPRESS    
    HEICO CORP    
    HIBBETT SPORTS INC    
    HLTH CARE SVC GRP    
    HMS HOLDINGS CORP    
    IBERIA BK CORP    
    ICU MEDICAL INC    
    IPC THE HOSSPITALIST COMP INC    
    KAPSTONE PAPER AND PACKAGING    
    LOGMEIN INC    
    MARKETAXESS HOLDINGS INC    
    MATADOR RES CO    
    MEDIDATE SOLUTIONS INC COM    
    MIDDLEBY CORP DEL (MIDD)    
    MOBILE MINI INC    
    MONRO MUFFLER & BRAKE (MNRO)    
    MWI VETERINARY SUPPLY    
    NATIONAL HEALTH INVESTORS INC    
    NORTHWESTERN CORPORATION    
    OXFORD INDUSTRIES    
    PEBBLEBROOK HOTEL TR COM    
    PIER 1 IMPORTS INC    
    POWER INTEGRATIONS INC    
    PRA GROUP INC    
    PROASSURANCE CP    
    PROS HLDG INC    
    PROTO LABS    
    ORINIRUS SVCS CIRO    
    RBC BEARINGS INC    
    RITCHIE BROTHERS AUCTIONEERS    
    ROFIN-SINAR TECH INC OLD    
    RYLAND GROUP INC    
    SCIQUEST INC NEW COM    
    SILGAN HLDGS INC    
    SOLERA HOLDINGS INC    
    STAG INDL INC    
    STIFEL FINANCIAL CORPORATION    
    TEXAS CAP BNCSHS    
    TEXAS ROADHOUSE INC CL A    
    TORO CO    
    TUMI HOLDINGS    
    TUPPERWARE BRANDS CORP    
    TYLER TECHNOLOGIES INC    
    UNIVERSAL FOREST PRODUCTS INC    
    US ECOLOGY INC    
    VIEWPOINT FINL GROUP INC    
    WD 40 COMPANY    
    WEST PHARMACEUTICAL SVCS INC    
    ACCOR A S UNSPONSORED    
    AEGON NV ADR    
    AIRBUS GROUP    
    AMERICA MOBIL SA DE CV ADR    
    AXA ADS    
    BANCO BILBOA ADR    
    BANOC BILBOA VIZ    
    BARCLAYS PLC ADR    
    BAYER AG SPONG ADR    
    BG GROUP PLC    
    CHECK POINT SOFTWARE    
    DAIMLER AG    
    DENSO CORP    
    DEUTSCHE BOERSE AG    
    DEUTSCHE POST    
    GEA GROUP AG    
    HEINEKEN NV SPN ADR    
    HITACHI 10 COM    
    HOLCIM LTD    
    HSBC HOLDINGS PLC SPOON ADR    
    INFINEON TECHNOLOGIES    
    JULIS BAER GROUP LTD    
    KONINKLIJKE PHIL EL SP    
    MITSUBISHI UFJ FINCL DRP ADS    
    NIPPON TELEGRAPH & TELEPHONE    
    NOVARTIS AG ADR    
    OTSUKA HOLDINGS CO    
    PORSCHE AUTOMOBIL HLDG    
    REPSOL ADR OPT DIV RTS    
    REPSOL SA SPON    
    ROCHE HOLDINGS ADR    
    ROYAL DSM NV SPONSORED    
    ROYAL KPN NV SPONS ADR    
    SECOM LTD    
    SEVEN & I HLDGS CO LTD ADR    
    SKY PLC    
    SOCIETE GENERALE SP ADR    
    SONY CORP    
    SUMITOMO MITSUI FINL GROUP INC    
    SUNTORY BEVERAGE    
    TAIWAN SMCNDCTR MFG CO LTD    
    TORAY INDS ADR    
    UNIBAIL-RODAMCO SE ADR    
    VODAFONE GP PLC ADS    
    WILLIAM HILL PLC ADR    
    WPP PLC SPON NEW ADR    
    ABBOTT LABORATORIES    
    ABBVIE INC COM    
    ABB LTD 7,317 5,780
    ACUITY BRANDS INC 5,530 7,014
    ADOBE SYSTEMS 9,708 12,776
    AFLAC INCORPORATED 13,344 13,238
    ALPHABET INC CL A 14,989 21,006
    AMGEN INC 7,364 7,467
    ANALOG DEVICES INC 4,950 5,477
    APACHE INCE 13,784 11,028
    APPLE INC 2,336 15,263
    BANK OF AMERICA 16,076 15,820
    BAXTER INTL INC    
    BECTON DICKINSON 7,354 8,783
    BOIGEN INC COM 6,244 4,901
    BORG WARNER INC 6,986 5,750
    BT GP PLC SPON ADR 3,368 4,015
    CBRE GROUP INC 7,489 7,815
    CHARLES SCHWAB NEW 9,303 10,702
    CHIPOTLE MEXICAN GRILL 4,837 3,839
    CHURCH & DWIGHT CO INC    
    CIGNA CORPORATION 17,514 19,901
    CISCO SYS INC 14,139 14,935
    CITIGROUP IN NEW    
    CITRIX SYSTEMS INC 6,713 7,716
    COSTCO WHOLESALE CORP 5,780 6,783
    CVS HEALTH CORP 4,155 4,204
    DECKER OUTDOOR CORPORATION 7,940 4,154
    DISCOVERY COM SER A 6,335 5,203
    EAST WEST BANCORP 4,993 5,569
    EATON CORP 19,136 16,132
    EOG RESOURCES INC 16,687 12,601
    F5 NETWORKS INC 12,976 9,890
    FIFTH 3RD BANKCORP OHIO 8,491 8,422
    FIRST SOLAR INC 2,786 3,893
    GILEAD SCIENCE 17,889 18,923
    GOOGLE INC CLASS A    
    HESS CORPORATION 9,281 5,575
    HOME DEPOT 7,968 10,712
    ILL TOOL WORKS INC 6,283 6,302
    ITC HOLDINGS    
    JARDEN CORP 5,990 7,711
    JB HUNT TRANS SERV 8,835 8,070
    JOHNSON & JOHNSON 4,053 7,190
    JOHNSON CONTROLS INCORPORATED 11,352 9,083
    JPMORGAN CHASE & CO    
    KEURIG GREEN MOUNTAIN    
    LINCOLN ELEC HLDGS INC 5,225 3,684
    LINCOLN NTL CORP IND 7,063 6,333
    LULULEMON ATHLETICA INC 3,413 3,988
    MARATHON PTROLEUM CORP 10,436 11,664
    MASTERCARD INC CLASS A 11,649 13,533
    MEDTRONIC INC 9,696 9,692
    MERCK & CO INC 6,766 6,919
    MICROSOFT CORP 16,910 19,030
    MINERALS TECHNOLOGY INC 12,751 7,659
    NATIONAL FUEL GAS CO 7,337 5,087
    NOVARTIS AG ADR 7,812 7,141
    NXP SEMICONDUCTORS NV 11,723 13,649
    OWENS ILLINOIS COM NEW 4,383 3,188
    PALO ALTO NETWORKS 4,654 5,636
    PANERA BREAD COMPANY 15,599 18,115
    PENTAIR PLC    
    PNC FINL SVCS GP 9,410 9,340
    PRICELINE.COM INC NEW 6,948 7,650
    PROCTER & GAMBLE 11,488 13,659
    QUALCOMM INC    
    QUANTA SERVICES INC 6,889 4,151
    REINSURANCE GROUP OF AMERICA 11,555 11,549
    SANDISK CORP 7,402 5,927
    SEALED AIR CP NEW 9,296 10,927
    SHIRE PLC ADR 10,786 10,660
    SMUCKER JM CO COM    
    SONOCO PRODUCTS CO    
    SOUTHWESTERN ENERGY COMPANY    
    STIFEL FINANCIAL CORPORATION 12,559 11,098
    SVB FNCL GRP 9,034 9,631
    TARGET CORPORATION 7,014 9,367
    TIME WARNER CABLE INC 5,494 4,527
    T ROWE PRICE GROUP INC    
    TJX COS INC NEW 6,070 6,807
    TRIMBLE NAV LTD    
    UMPQUA HOLDINGS CORP    
    UNILEVER NV NY SH NEW 14,309 15,205
    UNITED NATURAL FOODS INC 15,341 9,997
    UNITED PARCEL SERVICE INC CL B 14,621 13,087
    UNITEDHEALTH GP INC    
    VERISK ANALYTICS CL A 4,212 5,151
    W W GRAINGER INCC    
    WABTEC 10,844 8,606
    WEBSTER FINCL CORP 7,324 8,517
    WELLS FARGO & CO 11,441 11,850
    WHOLE FOODS MARKETS INC 9,597 6,801
    XILINX INC 9,216 10,662
    XYLEM INC COM 5,546 5,585
    ZIMMER HLDGS INC 11,022 10,259
    ABERDEEN ASSET MGMNT 6,276 3,854
    ADIDAS-SALOMON AG SPONS ADR    
    ALLIANZ SE ADS 7,255 7,700
    AMADEUS IT HLDG SA UNSPON ADR 3,581 5,125
    AMCOR LIMITED ADR 8,976 8,515
    AVAGO TECH 5,109 8,274
    BAIDU INC ADS 4,369 4,537
    BANCO BRADESCO S A    
    BRAMBLES LTD UNSPON ADR 3,485 3,527
    BRF BRASIL FOODS 4,038 2,861
    BRITISH AMER TOB SPON ADR 8,425 9,167
    BUNZL PLC 2,923 3,685
    CANADIAN NATL RAILWAY CO 4,799 4,750
    CARLSBERG AS 7,595 7,516
    CENOVUS ENERGY INC COM 4,319 2,877
    CENTRICA PLC SONS ADR    
    CGI GROUPE INC CL A 9,160 10,448
    CHEUNG KONG HOLDINGS ADR    
    CIELO SA SPONSORED ADR 4,293 3,282
    CK HUTCHINSON LTD 8,305 9,448
    CNOOC LTD ADS    
    COCA COLA MATIL TD SPON ADR 2,357 1,721
    COMPAGNIE FIN RICHEMONTAG 4,510 4,300
    COMPASS GROUP PLC SPON ADR 5,702 7,066
    DENSO CORP LTD ADR 2,883 3,132
    DEUTSCHE BOERSE AG UNSPON ADR 6,157 7,438
    DEUTSCHE POST AG SPONSORED ADR 4,377 4,278
    ENCANA CORP    
    ERICSSON LM TEL ADR CL B 8,963 7,054
    FANUC CORPORATION UNSP ADR 3,574 3,255
    FOMENTO ECONOMICO MEXICANO 2,913 3,232
    GALAXY ENTMNT GRP LTD SPON ADR    
    GETINGE AB UNSPONS 6,108 6,634
    GREAT WALL MOTOR 6,529 4,675
    GRUPO TELEVISA S.A. GLOBAL DEP 7,304 6,775
    HUTCHISON WHAMPOA ADR    
    INDUSTRIAL & COML BK CHINA ADR 4,491 3,923
    JAPAN TOB INC 5,565 6,780
    JULIUS BAER GROUP LTD UN ADR 4,708 5,151
    KASIKORNOBANK PUB CO 8,108 5,092
    KEPPEL CORP LTD ADR SPONSORED    
    KINGFISHER PLC SPONS ADR 6,587 6,383
    KOMATSU LTD SPON ADR 5,681 3,936
    LLOYDS BANKING GROUP 5,835 5,232
    NOVARTIS AG ADR 3,826 4,044
    NOVO NORDISK A/S ADR 3,220 4,298
    PRADA SPA UNSPON ADR 4,325 1,994
    PROSIENSET 1 MEDIA AG 4,676 5,196
    PT BK MANDIRI PERSERO TBK UNSP 4,158 3,262
    PUBLICIS GROUP SA ADS 8,432 8,064
    REED ELSEVIER PLC    
    RELX PLC SPONSORED 8,668 10,948
    ROCHE HOLDINGS ADR 8,432 9,307
    ROYAL DUTCH SHELL PLC CL B 8,177 5,755
    SAP AG 7,133 8,384
    SCHNEIDER ELEC SA UNSP ADR 9,138 7,351
    SHIRE PLC ADR    
    SKY PLC 12,578 14,164
    SMITH & NEPHEW PLC ADR 6,283 7,049
    SUNCOR ENERGY INC 7,396 6,037
    SWATCH GROUP 4,304 3,429
    SYNGENTA AG ADR 5,806 7,007
    TAIWAN SMCNDCTR MFG CO LTD ADR 7,358 8,031
    TEVA PHARMACEUTICLS ADR 11,727 13,981
    TOYOTA MOTOR CP ADR NEW 5,476 5,414
    UBS AG 6,631 7,128
    UNILEVER NV NY SH 4,453 5,155
    UTD OVERSEAS BK 6,829 5,537
    WH GROUP LTD 9,567 7,944
    WPP PLC SPON NEW ADR 9,431 10,671
    YAHOO JAPAN 7,308 7,901
    OAKMARK I    
    DOMINI INTL SOCIAL EQUITY 256,998 247,061
    FRANKLIN FLTH RT DLY ACCSS ADV 392,445 390,711
    BLACKROCK STRATIGIC 115,644 111,089
    CRA QUALIFIED INVESTMENT 150,000 150,235
    EATON VANCE HI INC 220,000 204,494
    GOLDMAN SACHS HIGH YLD INSTL    
    PIMCO MORTGAGE 102,500 100,340
    PRUDENTIAL SHORT TERM CORP    
    TEMPLETON GLOBAL BD FD ADV 118,737 104,166
    FPA CRESCENT FD INSTL 309,450 339,119
    IVA WORLDWIDE I 302,528 300,162
    OPPENHEIMER DEVELOPING MKTS Y 392,908 338,805
    JP MORGAN INTL VALUE SMA FUND    

    TY 2015 InvestmentsOtherSchedule2
    Name:
    OSA FOUNDATION
    EIN:
    72-1589724
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MORGAN STANLEY MORTGAGE INC F AT COST    
    MERRILL LYNCH ARTHUR STREET FUND AT COST 382,603 397,800
    BETTER VENTURE AT COST 90,773 100,000
    BRIDGES VENTURE GROWTH AT COST 41,971 56,700

    TY 2015 LegalFeesSchedule
    Name:
    OSA FOUNDATION
    EIN:
    72-1589724
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 256      


    TY 2015 OtherAssetsSchedule
    Name:
    OSA FOUNDATION
    EIN:
    72-1589724
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST - BONDS 15,358 18,393 18,393


    TY 2015 OtherExpensesSchedule
    Name:
    OSA FOUNDATION
    EIN:
    72-1589724
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    DUES 2,282      
    FILLING FEES 10      
    ARTHUR STEET - OTHER K-1 DEDU 16,320 16,320    
    BETTER VENTURE - OTHER K-1 DE 5,664 5,664    
    BRIDGE - OTHER K-1 DEDUCTION 14,729 14,729    
    NUSTAR ENERGY - OTHER K-1 DED 80 80    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    OSA FOUNDATION
    EIN:
    72-1589724
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 44,218 44,218    


    TY 2015 TaxesSchedule
    Name:
    OSA FOUNDATION
    EIN:
    72-1589724
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 10,000      
    FOREIGN TAXES 2,717 2,717