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
The Knapp Foundation Inc
 
% MARCIA BRASEL
Number and street (or P.O. box number if mail is not delivered to street address)3173 Kirby Whitten Pkwy Suite 105
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Bartlett, TN381342823
A Employer identification number

62-1794837
B Telephone number (see instructions)

(901) 527-6666
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$9,958,144J 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) 67,200
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 252,132 252,132  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 31,544
b Gross sales price for all assets on line 6a 3,461,733
7 Capital gain net income (from Part IV, line 2)... 31,544
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 -5,157 -5,157  
12 Total. Add lines 1 through 11........ 345,719 278,519  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 265,693 53,139   212,554
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 9,674 1,935   7,739
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 117,816 23,563   94,254
17 Interest............... 1,763 353   1,410
18 Taxes (attach schedule) (see instructions)... Click to see attachment 30,141 6,028   24,112
19 Depreciation (attach schedule) and depletion... Click to see attachment 6,748    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 254 51   203
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 36,027 7,205   28,820
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 468,116 92,274   369,092
25 Contributions, gifts, grants paid....... 106,234 106,234
26 Total expenses and disbursements. Add lines 24 and 25 574,350 92,274   475,326
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -228,631
b Net investment income (if negative, enter -0-) 186,245
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............. 31,400 32,117 32,117
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).......      
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).......... 10,469,812 Click to see attachment9,813,754 9,813,754
14 Land, buildings, and equipment: basis bullet221,567
Less: accumulated depreciation (attach schedule) bullet109,754 118,340 Click to see attachment111,813 111,813
15 Other assets (describe bullet) Click to see attachment460 Click to see attachment460 Click to see attachment460
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,620,012 9,958,144 9,958,144
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment-39 Click to see attachment-3,544
23 Total liabilities (add lines 17 through 22)......... -39 -3,544
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 10,620,051 9,961,688
30 Total net assets or fund balances (see instructions)..... 10,620,051 9,961,688
31 Total liabilities and net assets/fund balances (see instructions). 10,620,012 9,958,144
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
10,620,051
2
Enter amount from Part I, line 27a .....................
2
-228,631
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
10,391,420
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
429,732
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
9,961,688
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 CREDIT OPPORTUNITY FUND - S/T      
b CREDIT OPPORTUNITY FUND - L/T      
c PRIVATE EQUITY FUND II - S/T      
d PRIVATE EQUITY FUND II - L/T      
e PRIVATE EQUITY FUND III - S/T      
PRIVATE EQUITY FUND III - L/T      
PRIVATE EQUITY FUND IV - S/T      
PRIVATE EQUITY FUND IV - L/T      
PRIVATE EQUITY FUND V - S/T      
MULTI-STRATEGY FUND - S/T      
MULTI-STRATEGY FUND - L/T      
EQUITY OPPORTUNITY FUND - S/T      
EQUITY OPPORTUNITY FUND - L/T      
LARGE CAP TRUST FUND - S/T      
LARGE CAP TRUST FUND - L/T      
CORE FIXED INCOME FUND - S/T      
CORE FIXED INCOME FUND - L/T      
INTERNATIONAL EQUITY FUND - S/T      
INTERNATIONAL EQUITY FUND - L/T      
SMALL MID CAP FUND - S/T      
SMALL MID CAP FUND - L/T      
SHORT DURATION FUND - S/T      
SHORT DURATION FUND - L/T      
LITIGATION PROCEEDS      
THRU DIVERSIFIED S/T COVERED      
THRU DIVERSIFIED S/T NONCOVERED      
THRU DIVERSIFIED L/T COVERED      
THRU DIVERSIFIED L/T NONCOVERED      
SEC 1231 GAIN      
CAPITAL GAIN DISTRIBUTIONS      
(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     9,411 -9,411
b 8,297     8,297
c     98 -98
d 47,106     47,106
e 235     235
36,942     36,942
849     849
8,665     8,665
    163 -163
    19,677 -19,677
    31,234 -31,234
    241 -241
38,768     38,768
    3,973 -3,973
67,604     67,604
    1,396 -1,396
    2,316 -2,316
    15,381 -15,381
49,469     49,469
    3,435 -3,435
45,650     45,650
    2,447 -2,447
    10,772 -10,772
13     13
188,910   202,000 -13,090
955,054   1,044,244 -89,190
183,312   209,164 -25,852
2,134,457   2,178,227 -43,770
148     148
244     244
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       -9,411
b       8,297
c       -98
d       47,106
e       235
      36,942
      849
      8,665
      -163
      -19,677
      -31,234
      -241
      38,768
      -3,973
      67,604
      -1,396
      -2,316
      -15,381
      49,469
      -3,435
      45,650
      -2,447
      -10,772
      13
      -13,090
      -89,190
      -25,852
      -43,770
      148
      244
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 31,544
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 548,022 10,493,918 0.052223
2013 477,496 10,750,221 0.044417
2012 473,701 9,662,979 0.049022
2011 468,403 9,605,241 0.048765
2010 404,356 9,118,387 0.044345
2
Total of line 1, column (d) .....................
20.238772
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
0.047754
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
10,095,645
5
Multiply line 4 by line 3......................
5
482,107
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,862
7
Add lines 5 and 6........................
7
483,969
8
Enter qualifying distributions from Part XII, line 4.............
8
475,326
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 3,725
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 3,725
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 3,725
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 10,200
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 10,200
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 6,475
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,728 RefundedBullet 11 2,747
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
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)
    bulletTN
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbullet  
    14
    The books are in care ofbulletMARCIA BRASEL Telephone no.bullet (901) 527-6666

    Located atbullet3173 KIRBY WHITTEN ROADBARTLETTTN ZIP+4bullet38134
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MARCIA R BRASEL CHAIRMAN
    0     		97,008 11,700 0
    3173 Kirby Whitten Pkwy
    Bartlett,TN381342823
    LORI CONDO LOCKE TREASURER
    0     		93,950 3,600 554
    3173 Kirby Whitten Pkwy
    Bartlett,TN381342823
    SANDRA J TAYLOR SECRETARY
    0     		52,889 13,650 0
    3173 Kirby Whitten Pkwy
    Bartlett,TN381342823
    COLLEEN W WALKER 0
    0     		21,846 1,233 468
    3173 Kirby Whitten Pkwy
    Bartlett,TN381342823
    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
     
    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
     
    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  
    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
    10,016,358
    b
    Average of monthly cash balances.......................
    1b
    233,028
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,249,386
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    10,249,386
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    153,741
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,095,645
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    504,782
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    504,782
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,725
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,725
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    501,057
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    501,057
    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
    501,057
    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
    475,326
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    475,326
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    475,326
    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 7 501,057
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 106,117
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012...... 0
    d From 2013...... 0
    e From 2014...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 475,326
    a Applied to 2014, but not more than line 2a 106,117
    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..... 369,209
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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 ..........     		131,848
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013.... 0
    d Excess from 2014.... 0
    e Excess from 2015.... 0
    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 e-mail address of the person to whom applications should be addressed:
    MARCIA R BRASEL
    3173 KIRBY WHITTEN ROAD SUITE 105
    BARTLETT,TN38134
    (901) 527-6666
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER REQUEST
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    MEMPHIS UNION MISSION
    383 POPLAR AVENUE
    MEMPHIS,TN38101     		NONE PC GENERAL/OPERATING 700
    CITIZENS FOR COMMUNITY VALUES
    3294 POPLAR AVE
    MEMPHIS,TN38111     		NONE PC GENERAL/OPERATING 120
    MEMPHIS FOOD BANK
    239 S DUDLEY
    MEMPHIS,TN38104     		NONE PC GENERAL/OPERATING 700
    MIFA
    910 VANCE AVE
    MEMPHIS,TN38126     		NONE PC GENERAL/OPERATING 700
    THE SALVATION ARMY
    696 JACKSON AVE
    MEMPHIS,TN38105     		NONE PC GENERAL/OPERATING 5,000
    CALVARY RESUCE MISSION
    960 SOUTH THIRD STREET
    MEMPHIS,TN38106     		NONE PC CAPITAL CAMPAIGN 25,000
    LIFE CHOICES OF MEMPHIS
    5575 RALEIGH LAGRANGE ROAD
    MEMPHIS,TN38134     		NONE PC GENERAL/OPERATING 1,500
    ST ANN CATHOLIC SCHOOL
    6529 STAGE ROAD
    BARTLETT,TN38134     		NONE PC GENERAL/OPERATING 50,000
    WOODLAND PRESBYTERIAN SCHOOL
    5217 PARK AVENUE
    MEMPHIS,TN381193503     		NONE PC CAPITAL IMPROVEMENTS 22,500
    THRU DIVERSIFIED TRUST K-1S
    6075 POPLAR AVENUE SUITE 900
    MEMPHIS,TN38119     		NONE PC GENERAL/OPERATING 14
    Total .................................bullet 3a 106,234
    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
    aINCOME FROM INVESTMENTS     14    
    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....     14 246,975  
    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 31,544  
    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)..   278,519  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13278,519
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


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

    62-1794837
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    The Knapp Foundation Inc
          		Employer identification number
    62-1794837
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    HUME TRUST  
    3173 KRIBY WHITTEN PKWY
     
    BARTLETT, TN381342823

    		$ 67,200


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

    62-1794837
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    The Knapp Foundation Inc
          		Employer identification number

    62-1794837
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2015 DepreciationSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    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
    OFFICE FURNITURE 1999-05-15 6,035 6,035 DDBA 7        
    FURNITURE 1999-05-15 3,747 3,747 DDBA 7        
    FURNITURE 1999-05-15 612 612 DDBA 7        
    MICROWAVE & VACUUM 1999-05-15 389 389 DDBA 7        
    BOOKSHELVES 1999-05-15 500 500 DDBA 7        
    DELL SERVER 1999-05-15 7,525 7,525 DDBA 5        
    REFRIGERATOR 1999-05-15 635 635 DDBA 7        
    PICTURE FRAMES 1999-05-15 505 505 DDBA 7        
    BUILDING 2001-08-06 175,735 60,268 M39   4,506      
    COMPUTER 2005-07-28 680 680 M5          
    HP DESKTOP COMPUTR 2007-12-19 600 600 M5          
    COMPUTER MONITOR 2008-05-02 380 380 M5          
    COMPUTER MONITOR 2008-05-02 380 380 M5          
    COMPUTER MONITOR 2008-05-02 380 380 M5          
    COMPUTER 2008-02-08 600 600 M5          
    DUAL PROC SERVER 2008-04-08 3,227 3,227 M5          
    TELEPHONE SYSTEM 2009-11-23 3,355 3,355 M5 5        
    DELL COMPUTER 2010-02-19 632 410 M5 5 63      
    SONIC WALL SECURIT 2010-03-30 1,194 1,194 M5 5        
    OFFICE FURNITURE 2011-06-30 2,047 2,047 M7 7        
    LCD HDTV TV 2011-06-30 227 227 M5 5        
    COMPUTER - LORI 2011-06-30 809 809 M5 5        
    3 OFFICE CHAIRS 2012-06-30 1,326 994 M7 7 189      
    LG 32" TELEVISION 2012-06-30 400 340 M5 5 60      
    2013 COMPUTERS 2013-06-30 2,896 2,201 M5 5 579      
    HP ML350 SERVER 2013-06-30 4,318 3,282 M5 5 864      
    POLYCOM PHONES 2013-06-30 1,735 1,318 M5 5 347      
    COMPUTER 2014-12-31 698 366 M5 5 140      

    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CORE FIXED INCOME COMMON TRUST FMV 1,575,293 1,575,293
    INT'L EQUITY COMMON TRUST FUND FMV 1,887,122 1,887,122
    LARGE CAP U.S. EQUITY FMV 1,501,868 1,501,868
    SHORT DURATION FIXED INCOME FD FMV 849,898 849,898
    SMALL/MID CAP US EQUITY FD FMV 331,502 331,502
    DTC PRIVATE EQUITY II, LP FMV 221,000 221,000
    OAKWOOD PARTNERS FUND LTD FMV 0 0
    DTC PRIVATE EQUITY III FMV 316,200 316,200
    DTC PRIVATE EQUITY IV FMV 220,925 220,925
    DTC CREDIT OPPORTUNITY FMV 0 0
    DTC EQUITY OPPORTUNITY FMV 645,367 645,367
    UBS E-TRACS ALERIAN INFRAS FMV 256,342 256,342
    SSGA MMF (DTC) FMV 92,560 92,560
    MULTI-STRATEGY COMMON FUND FMV 382,306 382,306
    DTC PRIVATE EQUITY V FMV 65,000 65,000
    TORTOISE MLP & PIPELINE FUND FMV 248,936 248,936
    GRANVILLE MULTI-STRATEGY PARTN FMV 600,087 600,087
    WINSTON GLOBAL FUND LTD OFFSHO FMV 619,348 619,348

    TY 2015 LandEtcSchedule2
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE FURNITURE 6,035 6,035    
    FURNITURE 3,747 3,747    
    FURNITURE 612 612    
    MICROWAVE & VACUUM 389 389    
    BOOKSHELVES 500 500    
    DELL SERVER 7,525 7,525    
    REFRIGERATOR 635 635    
    PICTURE FRAMES 505 505    
    BUILDING 175,735 64,774 110,961  
    COMPUTER 680 680    
    HP DESKTOP COMPUTR 600 600    
    COMPUTER MONITOR 380 380    
    COMPUTER MONITOR 380 380    
    COMPUTER MONITOR 380 380    
    COMPUTER 600 600    
    DUAL PROC SERVER 3,227 3,227    
    TELEPHONE SYSTEM 3,355 3,355    
    DELL COMPUTER 632 473 159  
    SONIC WALL SECURIT 1,194 1,194    
    OFFICE FURNITURE 2,047 2,047    
    LCD HDTV TV 227 227    
    COMPUTER - LORI 809 809    
    3 OFFICE CHAIRS 1,326 1,183 143  
    LG 32" TELEVISION 400 400    
    2013 COMPUTERS 2,896 2,780 116  
    HP ML350 SERVER 4,318 4,146 172  
    POLYCOM PHONES 1,735 1,665 70  
    COMPUTER 698 506 192  


    TY 2015 OtherAssetsSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    UTILITY DEPOSITS 460 460 460


    TY 2015 OtherDecreasesSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    Description Amount
    BOOK/TAX DIFFERENCES 429,732


    TY 2015 OtherExpensesSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOARD MEMBER FEE 1,800 360   1,440
    DUES & SUBSCRIPTIONS 519 104   415
    HOMEOWNERS ASSOCIATION FEE 1,375 275   1,100
    INSURANCE 11,375 2,275   9,100
    MISCELLANEOUS EXPENSES 69 14   55
    OFFICE SUPPLIES 982 196   785
    POSTAGE 25 5   20
    REPAIRS 715 143   572
    UTILITIES 2,472 494   1,978
    TECH SUPPORT 6,976 1,395   5,581
    TELEPHONE/INTERNET 2,586 517   2,068
    ANNUAL REPORT 20 4   16
    OTHER PASSTHROUGH EXPENSES 7,113 1,423   5,690


    TY 2015 OtherIncomeSchedule2
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME THRU DTC PRIVATE EQUITY II 536 536  
    ORD INCOME THRU DTC PRIVATE EQUITY II -70 -70  
    OTHER INCOME THRU DTC PRIVATE EQUITY III 1,244 1,244  
    ORD INCOME THRU DTC PRIVATE EQUITY III 1,451 1,451  
    ORD INCOME THRU DTC PRIVATE EQUITY IV -4,822 -4,822  
    OTHER INCOME THRU DTC PRIVATE EQUITY IV 201 201  
    OTHER INCOME THRU DTC CREDIT OPPORTUNITY -23,576 -23,576  
    OTHER INCOME TRHU DTC EQUITY OPPORTUNITY 232 232  
    OTHER INCOME THRU DTC LARGE CAP EQUITY 146 146  
    OTHER INCOME THRU DTC CORE FIXED INCOME 1,626 1,626  
    OTHER INCOME THRU DIVERSIFIED TRUST CO. 16,374 16,374  
    OTHER INCOME THRU DTC PRIVATE EQUITY V -3 -3  
    OTHER INCOME THRU DTC INT'L EQUITY 48 48  
    OTHER INCOME THRU DTC SMALL-MIDCAP 126 126  
    OTHER INCOME THRU DTC SHORT DURATION FIX 1,330 1,330  


    TY 2015 OtherLiabilitiesSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES -39 -3,544


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 112,449 22,490   89,960
    PROFESSIONAL FEES 5,367 1,073   4,294


    TY 2015 SubstantialContributorsSch
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    Name Address
    HUME TRUST 3173 KRIBY WHITTEN PKWY
    BARTLETT,TN381342823


    TY 2015 TaxesSchedule
    Name:
    The Knapp Foundation Inc
    EIN:
    62-1794837
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SUTA TAXES 54 11   43
    PROPERTY TAXES 2,914 583   2,331
    FOREIGN TAXES 6,907 1,381   5,525
    FICA TAXES 20,266 4,053   16,213