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
WILLIAMS FAMILY PRIVATE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2625 MIDDLEFIELD ROAD NO 403
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALO ALTO, CA943062516
A Employer identification number

27-2203213
B Telephone number (see instructions)

(408) 832-2000
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$22,871,465J 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 59 59  
4 Dividends and interest from securities... 745,273 745,273  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 84,032
b Gross sales price for all assets on line 6a 2,016,213
7 Capital gain net income (from Part IV, line 2)... 111,818
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 -5,587 -5,587  
12 Total. Add lines 1 through 11........ 823,777 851,563  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 117,096 117,096   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 87,527 5,527   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 204,623 122,623   0
25 Contributions, gifts, grants paid....... 544,000 544,000
26 Total expenses and disbursements. Add lines 24 and 25 748,623 122,623   544,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 75,154
b Net investment income (if negative, enter -0-) 728,940
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 136,048 130,769 130,769
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)....... 23,338,218 Click to see attachment22,935,203 22,211,742
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).......... 259,797 Click to see attachment741,845 528,954
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,734,063 23,807,817 22,871,465
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 23,734,063 23,807,817
30 Total net assets or fund balances (see instructions)..... 23,734,063 23,807,817
31 Total liabilities and net assets/fund balances (see instructions). 23,734,063 23,807,817
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
23,734,063
2
Enter amount from Part I, line 27a .....................
2
75,154
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
23,809,217
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,400
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
23,807,817
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 FROM STRATEGIC VALUE SPECIAL SITUATIONS FEEDER FUND III, LP P 2015-01-15 2015-12-31
b FROM ARES EUROPEAN REAL ESTATE (CAYMAN) FEEDER FUND IV, L.P. P 2015-01-01 2015-12-31
c FROM BLUE MOUNTAIN CREDIT ALTERNATIVES FUND LTD. P 2015-01-01 2015-12-31
d ABERDEEN GLOBAL HIGH - 279.216 SHS P 2014-05-29 2015-07-31
e ABERDEEN GLOBAL HIGH -372.908 SHS P 2014-06-27 2015-07-31
ABERDEEN GLOBAL HIGH - 4134.514 SHS P 2014-06-05 2015-07-31
ABERDEEN GLOBAL HIGH - 10961.393 SHS P 2014-03-21 2015-07-31
DOUBLE LINE EMERGING - 74.703 SHS P 2014-02-28 2015-03-12
DOUBLE LINE EMERGING - 76.512 SHS P 2014-01-31 2015-03-12
DOUBLE LINE EMERGING -14668.120 SHS P 2014-03-21 2015-03-12
DOUBLE LINE EMERGING -19360.353 SHS P 2014-01-21 2015-03-12
OPPENHEIMER SR FLOATING - 36.618 SHS P 2014-01-31 2015-03-12
OPPENHEIMER SR FLOATING - 94.042 SHS P 2014-08-29 2015-03-12
OPPENHEIMER SR FLOATING - 125.991 SHS P 2015-02-27 2015-03-12
OPPENHEIMER SR FLOATING - 127.607 SHS P 2014-11-28 2015-03-12
OPPENHEIMER SR FLOATING - 131.226 SHS P 2014-09-30 2015-03-12
OPPENHEIMER SR FLOATING - 140.6 SHS P 2015-01-30 2015-03-12
OPPENHEIMER SR FLOATING - 145.586 SHS P 2014-10-31 2015-03-12
OPPENHEIMER SR FLOATING - 148.378 SHS P 2014-02-28 2015-03-12
OPPENHEIMER SR FLOATING - 157.980 SHS P 2014-07-31 2015-03-12
OPPENHEIMER SR FLOATING - 166.956 SHS P 2014-03-31 2015-03-12
OPPENHEIMER SR FLOATING - 181.286 SHS P 2014-12-31 2015-03-12
OPPENHEIMER SR FLOATING - 226.384 SHS P 2014-06-30 2015-03-12
OPPENHEIMER SR FLOATING - 237.078 SHS P 2014-04-30 2015-03-12
OPPENHEIMER SR FLOATING - 253.260 SHS P 2014-05-30 2015-03-12
OPPENHEIMER SR FLOATING - 1787.863 SHS P 2014-06-03 2015-03-12
OPPENHEIMER SR FLOATING - 8875.740 SHS P 2014-01-21 2015-03-12
OPPENHEIMER SR FLOATING -23242.220 SHS P 2014-03-19 2015-03-12
PUTNAM SHORT DURATION - 5.928 SHS P 2014-01-31 2015-12-15
PUTNAM SHORT DURATION - 11.327 SHS P 2014-08-29 2015-12-15
PUTNAM SHORT DURATION - 15.458 SHS P 2014-07-31 2015-12-15
PUTNAM SHORT DURATION - 16.186 SHS P 2014-05-30 2015-12-15
PUTNAM SHORT DURATION - 18.226 SHS P 2014-09-30 2015-12-15
PUTNAM SHORT DURATION - 21.295 SHS P 2014-06-30 2015-12-15
PUTNAM SHORT DURATION - 23.205 SHS P 2014-03-31 2015-12-15
PUTNAM SHORT DURATION - 23.449 SHS P 2014-02-28 2015-12-15
PUTNAM SHORT DURATION - 24.749 SHS P 2014-04-30 2015-12-15
PUTNAM SHORT DURATION - 1492.537 SHS P 2014-01-23 2015-05-13
PUTNAM SHORT DURATION - 9950.249 SHS P 2014-01-23 2015-01-27
PUTNAM SHORT DURATION - 11940.299 SHS P 2014-01-23 2015-05-13
PUTNAM SHORT DURATION - 12316.851 SHS P 2014-10-21 2015-12-15
PUTNAM SHORT DURATION - 17433.596 SHS P 2014-01-23 2015-12-15
AVENUE CREDIT STRATEGIES - 1154.201 SHS P 2014-07-09 2015-05-14
COLUMBIA ACORN EMERGING - 289.712 SHS P 2014-12-09 2015-07-31
COLUMBIA ACORN EMERGING - 3984.064 SHS P 2014-03-19 2015-03-12
COLUMBIA ACORN EMERGING - 10348.586 SHS P 2014-10-21 2015-07-31
ANGEL OAK MULTI-STRATEGY - 2138.58 SHS P 2014-01-23 2015-12-01
CUSHING MLP TOTAL RETURN - .8 SHS P 2015-07-31 2015-09-14
ISHARES RUSSELL 2000 ETF - 405 SHS D 2012-09-05 2015-07-31
ISHARES TRUST CORE S&P - 498 SHS D 2012-09-05 2015-07-31
UNITED STS COMMODITY - 2510 SHS P 2014-07-09 2015-07-31
ALBEMARLE CORP - 48 SHS P 2014-07-15 2015-03-16
CONSTELLIUM NV CL A EUR - 21 SHS P 2015-03-16 2015-05-28
CONSTELLIUM NV CL A EUR - 61 SHS P 2014-07-15 2015-05-28
ADVENT SOFTWARE INC - 23 SHS P 2014-09-25 2015-07-09
ADVENT SOFTWARE INC - 25 SHS P 2014-09-24 2015-07-09
ADVENT SOFTWARE INC - 39 SHS P 2015-03-16 2015-07-09
ADVENT SOFTWARE INC - 53 SHS P 2014-10-07 2015-07-09
DECKERS OUTDOOR CORP - 17 SHS P 2015-03-16 2015-05-29
DECKERS OUTDOOR CORP - 42 SHS P 2014-10-01 2015-05-29
EXPEDIA INC - 38 SHS P 2015-03-16 2015-11-09
EXPEDIA INC - 48 SHS P 2014-07-15 2015-05-27
EXPEDIA INC -54 SHS P 2014-07-15 2015-11-09
FEI COMPANY - 44 SHS P 2014-07-15 2015-03-16
GARTNER INC - 23 SHS P 2014-07-15 2015-03-16
GENTEX CORP - 70 SHS P 2015-03-16 2015-06-11
GENTEX CORP -196 SHS P 2014-07-15 2015-06-11
INSULET CORP - 13 SHS P 2014-12-17 2015-05-28
INSULET CORP - 16 SHS P 2015-03-16 2015-05-28
INSULET CORP- 34 SHS P 2014-10-07 2015-05-28
INFORMATICA CORP -72 SHS P 2014-07-15 2015-08-07
INFORMATICA CORP - 92 SHS P 2015-03-16 2015-08-07
KLX INC -24 SHS P 2014-07-15 2015-01-06
KERYX BIOPHARMACEUTICALS -19 SHS P 2015-03-16 2015-10-23
KERYX BIOPHARMACEUTICALS -37 SHS P 2015-03-16 2015-10-26
KERYX BIOPHARMACEUTICALS - 54 SHS P 2014-09-04 2015-10-23
KERYX BIOPHARMACEUTICALS - 104 SHS P 2014-07-15 2015-10-23
NETSCOUT SYSTEMS INC -3 SHS P 2014-07-15 2015-06-12
NETSCOUT SYSTEMS INC -26 SHS P 2015-03-16 2015-06-12
NETSCOUT SYSTEMS INC - 30 SHS P 2014-10-07 2015-06-12
NETSCOUT SYSTEMS INC - 39 SHS P 2014-07-15 2015-06-11
NEUSTAR INC CL A - 94 SHS P 2014-07-15 2015-03-16
ZULILY INC - 66 SHS P 2014-07-15 2015-03-16
PETSMART INC - 17 SHS P 2014-09-02 2015-03-12
PETSMART INC - 77 SHS P 2014-07-15 2015-03-12
POLARIS INDUSTRIES INC - 15 SHS P 2015-03-16 2015-05-20
POLARIS INDUSTRIES INC -46 SHS P 2014-07-15 2015-05-20
RECEPTOS INC -10 SHS P 2015-06-12 2015-09-03
RECEPTOS INC -11 SHS P 2015-05-26 2015-09-03
ROVI CORP COM - 41 SHS P 2015-03-16 2015-05-20
ROVI CORP COM - 112 SHS P 2014-07-15 2015-05-20
ROBERT HALF INTL INC -66 SHS P 2014-07-15 2015-05-20
SIGNET JEWELERS LTD - 22 SHS P 2014-07-15 2015-03-16
UNTD RENTALS INC - 76 SHS P 2014-07-15 2015-01-12
UNIVERSAL HEALTH SVCS - 49 SHS P 2014-07-15 2015-06-24
VALMONT INDUSTRIES INC - 26 SHS P 2014-07-15 2015-03-16
WUXI PHARAMATECH CAYMAN - 3 SHS P 2015-03-18 2015-12-14
WUXI PHARAMATECH CAYMAN - 72 SHS P 2015-03-16 2015-12-14
WUXI PHARAMATECH CAYMAN - 102 SHS P 2014-07-15 2015-12-14
WHITING PETROLEUM CORP - 34 SHS P 2015-03-16 2015-05-26
WHITING PETROLEUM CORP - 72 SHS P 2014-07-15 2015-05-26
XL GROUP PLC SHS - 141 SHS P 2014-07-15 2015-03-16
YELP INC - 50 SHS P 2014-07-15 2015-03-16
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,309     2,309
b 3,751     3,751
c 13,540     13,540
d 2,482   2,840 -358
e 3,315   3,810 -495
36,756   42,165 -5,409
97,447   110,851 -13,404
765   776 -11
783   777 6
150,202   152,114 -1,912
198,250   200,000 -1,750
298   308 -10
766   784 -18
1,026   1,026 0
1,039   1,051 -12
1,068   1,084 -16
1,144   1,133 11
1,185   1,200 -15
1,208   1,246 -38
1,286   1,324 -38
1,359   1,402 -43
1,476   1,467 9
1,843   1,902 -59
1,930   1,984 -54
2,062   2,122 -60
14,553   15,000 -447
72,249   74,644 -2,395
189,192   195,000 -5,808
59   60 -1
114   114 0
155   156 -1
162   163 -1
183   184 -1
214   214 0
233   233 0
235   236 -1
248   249 -1
15,000   15,015 -15
100,000   100,099 -99
120,000   120,119 -119
123,538   124,031 -493
174,859   175,382 -523
12,500   13,723 -1,223
3,404   3,668 -264
50,000   52,145 -2,145
121,596   135,049 -13,453
25,000   26,176 -1,176
11   14 -3
50,018   33,303 16,715
75,019   48,914 26,105
109,932   113,908 -3,976
2,538   3,334 -796
290   429 -139
843   1,873 -1,030
1,018   711 307
1,106   789 317
1,726   1,724 2
2,345   1,707 638
1,224   1,208 16
3,023   3,907 -884
4,938   3,529 1,409
5,436   3,922 1,514
7,017   4,322 2,695
3,374   3,809 -435
1,873   1,629 244
1,203   1,260 -57
3,368   2,897 471
358   572 -214
440   569 -129
935   1,294 -359
3,510   2,456 1,054
4,485   4,033 452
985   1,238 -253
85   250 -165
160   487 -327
242   971 -729
466   1,498 -1,032
114   128 -14
984   1,098 -114
1,135   1,322 -187
1,510   1,666 -156
2,068   2,508 -440
858   2,408 -1,550
1,411   1,222 189
6,391   5,379 1,012
2,207   2,247 -40
6,769   6,057 712
2,320   1,827 493
2,552   1,801 751
668   882 -214
1,824   2,608 -784
3,794   3,145 649
2,763   2,467 296
6,527   8,184 -1,657
6,437   4,500 1,937
3,226   3,866 -640
138   109 29
3,308   2,527 781
4,687   3,343 1,344
1,122   1,274 -152
2,375   6,023 -3,648
5,144   4,817 327
2,310   3,404 -1,094
104,819     104,819
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       2,309
b       3,751
c       13,540
d       -358
e       -495
      -5,409
      -13,404
      -11
      6
      -1,912
      -1,750
      -10
      -18
      0
      -12
      -16
      11
      -15
      -38
      -38
      -43
      9
      -59
      -54
      -60
      -447
      -2,395
      -5,808
      -1
      0
      -1
      -1
      -1
      0
      0
      -1
      -1
      -15
      -99
      -119
      -493
      -523
      -1,223
      -264
      -2,145
      -13,453
      -1,176
      -3
      16,715
      26,105
      -3,976
      -796
      -139
      -1,030
      307
      317
      2
      638
      16
      -884
      1,409
      1,514
      2,695
      -435
      244
      -57
      471
      -214
      -129
      -359
      1,054
      452
      -253
      -165
      -327
      -729
      -1,032
      -14
      -114
      -187
      -156
      -440
      -1,550
      189
      1,012
      -40
      712
      493
      751
      -214
      -784
      649
      296
      -1,657
      1,937
      -640
      29
      781
      1,344
      -152
      -3,648
      327
      -1,094
      104,819
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 2 111,818
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 119,285 14,037,472 0.008498
2013 120,813 1,910,291 0.063243
2012 113,738 1,878,061 0.060561
2011 33,899 1,335,956 0.025374
2010 7,937 832,544 0.009533
2
Total of line 1, column (d) .....................
20.167209
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
0.033442
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
24,522,750
5
Multiply line 4 by line 3......................
5
820,090
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
7,289
7
Add lines 5 and 6........................
7
827,379
8
Enter qualifying distributions from Part XII, line 4.............
8
544,000
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 14,579
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 14,579
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 14,579
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 8,165
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 18,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 26,165
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 109
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 11,477
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet11,477 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, CA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (408) 832-2000

    Located atbullet2625 MIDDLEFIELD ROAD NO 403PALO ALTOCA ZIP+4bullet943062516
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JEFFREY E WILLIAMS CO-PRESIDENT
    1.00     		0 0 0
    2625 MIDDLEFIELD ROAD 403
    PALO ALTO,CA943062516
    MELISSA F WILLIAMS CO-PRESIDENT
    1.00     		0 0 0
    2625 MIDDLEFIELD ROAD 403
    PALO ALTO,CA943062516
    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 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    24,828,082
    b
    Average of monthly cash balances.......................
    1b
    68,111
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    24,896,193
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    24,896,193
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    373,443
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    24,522,750
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,226,138
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,226,138
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    14,579
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,579
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,211,559
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,211,559
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,211,559
    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
    544,000
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    544,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    544,000
    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 1,211,559
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 505,985
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 544,000
    a Applied to 2014, but not more than line 2a 505,985
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 38,015
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		1,173,544
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    JEFFREY E WILLIAMS
    MELISSA F WILLIAMS
    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
    DUKE UNIVERSITY
    100 FUQUA DRIVE
    DURHAM,NC27708     		N/A PC SCHOOL OF BUSINESS 300,000
    CITY OF HOPE
    1500 E DUARTE RD
    DUARTE,CA91010     		N/A PC GENERAL & UNRESTRICTED 50,000
    LEUKEMIA & LYMPHOMA SOCIETY
    401 HARRISON OAKS BLVD STE 200
    CARY,NC27513     		N/A PC GENERAL & UNRESTRICTED 15,000
    GIRL SCOUTS OF NORTHERN CALIFORNIA
    1650 HARBOR BAY PKWY STE 100
    ALAMEDA,CA94502     		N/A PC GENERAL & UNRESTRICTED 30,000
    NORTH CAROLINA STATE ALUMNI ASSOCIATION
    CAMPUS BOX 7474
    RALEIGH,NC27695     		N/A PC GENERAL & UNRESTRICTED 37,000
    CHRIST PRESBYTERIAN CHURCH
    6585 HIGHWAY 431 SOUTH STE E PMB
    454
    OWENS CROSS ROADS,AL35763     		N/A PC GENERAL & UNRESTRICTED 2,000
    SANDRA J WING HEALING THERAPIES FOUNDATION
    1807 SANTA RITA RD D-182
    PLEASANTON,CA94566     		N/A PC GENERAL & UNRESTRICTED 5,000
    AMADOR VALLEY HIGH SCHOOL
    1155 SANTA RITA RD
    PLEASANTON,CA94566     		N/A PC GENERAL & UNRESTRICTED 5,000
    THE TAYLOR FAMILY FOUNDATION
    5555 ARROYO RD
    LIVERMORE,CA94550     		N/A PC GENERAL & UNRESTRICTED 100,000
    Total .................................bullet 3a 544,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 59  
    4 Dividends and interest from securities....     14 745,273  
    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 84,032  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aUNITED STATES COMMODITY INDEX FUND     		    14 -11,004  
    bSTRATEGIC VALUE SPECIAL SITUATIONS FEEDER FUND III, LP     14 5,417  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 823,777 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13823,777
    (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 InvestmentsCorpStockSchedule
    Name:
    WILLIAMS FAMILY PRIVATE FOUNDATION
    EIN:
    27-2203213
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABERDEEN GLOBAL HIGH INCOME FUND 1,006,555 813,010
    ACI WORLDWIDE INC 5,021 4,451
    ADVENT SOFTWARE INC 0 0
    AGIOS PHARMACEUTICALS INC 2,348 1,428
    AKORN INC 7,002 6,940
    ALBEMARLE CORP 0 0
    ALIGN TECH INC 5,805 6,848
    AMAG PHARMACEUTICALS INC 2,488 1,117
    ANACOR PHARMACEUTICALS INC 2,599 2,598
    ANGEL OAK MULTI STRATEGY INCOME CLAS 2,191,114 2,078,175
    APPLE INC 728,657 2,059,412
    AUTOLIV INC 9,255 10,730
    AVENUE CREDIT STRATEGIES FD CLASS IN 497,306 380,407
    AVIS BUDGET GROUP INC 5,906 3,702
    B/E AEROSPACE INC 4,453 2,839
    BITAUTO HLDGS LTD SPON ADR 4,227 2,347
    BLACKROCK GLOBAL LONG SH EQUITY FD C 688,096 677,666
    BLACKROCK HIGH YIELD BOND I 479,193 418,471
    BLUE MOUNTAIN CREDIT ALT FD LTD 631,757 635,846
    BROADSOFT INC COM 2,533 2,404
    BURLINGTON STORES INC 7,493 5,491
    CARRIZO OIL & GAS INC 7,550 3,757
    CARTER'S INC 4,951 4,273
    CBRE GROUP 9,132 9,510
    CENTENE GROUP 5,187 7,437
    CIENA GROUP NEW 5,112 5,235
    COLUMBIA ACORN EMERGING MKTS CLASS Z 302,210 237,369
    CONSTELLIUM NV CL A EUR 0 0
    CORE LABORATIES N V EUR 3,892 2,936
    DECKERS OUTDOOR CORP 0 0
    DEXCOM INC 3,570 6,061
    DIAMONDBACK ENERGY INC 4,895 4,215
    DILLARDS INC CL A 4,680 2,563
    DOLBY LABORATORIES INC CL A 4,607 3,702
    DOUBLE LINE EMERGING MKTS FIXED INC 403,915 352,121
    DOUBLE LINE TOTAL RETURN FD INSTL 2,144,780 2,102,686
    DRIEHAUS EMERGING MKTS GR FD 669,343 557,389
    DUNKIN BRANDS GROUP INC 4,858 3,876
    ENANTA PHARMACUETICALS INC 5,070 4,326
    ENTEGRIS INC 4,482 4,419
    EXPEDIA INC 0 0
    F5 NETWORKS INC 7,619 6,496
    FEI COMPANY 0 0
    FIREEYE INC 4,533 2,240
    FIRST REPUBLIC BANK 7,333 8,786
    FOOT LOCKER INC 8,893 10,545
    FORTINET INC 6,983 6,172
    GARTNER INC 3,967 5,079
    GENTEX INC 0 0
    GLOBAL PAYMENTS INC 7,061 11,741
    GUIDEWIRE SOFTWARE INC 2,359 2,647
    HAIN CELESTIAL GROUP INC 6,231 4,201
    HARBOR INTERNATIONAL FUND 1,167,061 1,030,721
    HD SUPPLY HLDGS INC 8,068 8,438
    HEARTLAND PAYMENT SY INC 5,256 11,284
    HORIZON PHARMA PLC 4,880 3,294
    IAC INTERACTIVE CORP 9,832 8,827
    ICON PLC EUR 5,121 6,838
    IDEXX LABS 4,592 4,448
    IMAX CORP CAD 4,573 4,727
    INFINERA CORP 6,719 6,414
    INFORMATICA CORP 0 0
    INSULET CORP 0 0
    INTERACTIVE BROKERS GROUP INC 2,153 3,575
    INVESCO EQUALLY WEIGHTED S& P 500 FD 2,003,080 1,963,572
    IONIS PHARMACEUTICALS INC 5,171 8,113
    ISHARES RUSSELL 2000 1,174,381 1,226,094
    ISHARES TRUST CORE S&P MID-CAP 1,750,982 1,826,067
    JAZZ PHARMACEUTICALS PLC 6,048 5,341
    KAPSTONE PAPER AND PACKAGING CORP 6,341 4,744
    KERRY BIOPHARMACEUTICALS INC 0 0
    KLX INC 0 0
    MANHATTAN ASSOC INC 2,557 4,566
    MARKETAXESS HOLDINGS INC 1,794 3,348
    MEDIDATA SOLUTIONS INC 5,024 5,175
    MEDIVATION INC 7,594 7,638
    MERCADOLIBRE INC 9,136 8,004
    MIDDLEBY CORP DELA 6,760 6,904
    MOMENTA PHARMACEUTICALS INC 1,345 1,662
    NETSCOUT SYSTEMS INC 0 0
    NEUSTAR INC CL A 0 0
    NORDSON CORP 5,738 4,747
    OLD DOMINION FREIGHT LINES INC 8,395 7,266
    OPHTHOTECH CORP 4,212 4,633
    OPPENHEIMER SR FLOATING RATE FD CLAS 0 0
    PETSMART INC 0 0
    POLARIS INDUSTRIES INC 0 0
    POWER INTERGRATIONS INC 4,441 3,890
    PROTO LABS INC 3,820 3,185
    PUTNAM CAPITAL SPECTRUM FD CLASS Y 877,655 787,694
    PUTNAM DIVERSIFIED INC FD CLASS Y 1,683,895 1,531,519
    PUTNAM SHORT DURATION INC FD A 201,019 200,614
    PUTNAM SHORT DURATION INC FD Y 79,401 79,092
    RADIUS HEALTH INC 2,597 2,585
    ROBERT HALF INTL INC 7,184 6,411
    ROVICORP COM 0 0
    SABRE CORP 5,655 5,566
    SALIENT MLP & ENERGY INFRASTRUCTURE 893,136 478,202
    SIGNET JEWELERS LTD 5,719 6,308
    SILGAN HOLDINGS INC 5,798 5,909
    SKETCHERS USA INC CL A 6,866 6,525
    SPLUNK INC 6,889 6,704
    SUPERNUS PHARMACEUTICALS INC 3,016 2,419
    TABLEAU SOFTWARE INC CL A 7,734 9,234
    TANDEM DIABETES CARE INC 1,106 980
    THIRD AVENUE FOCUSED CREDIT INSTL 830,984 451,559
    TOTAL SYSTEM SVS INC 8,549 12,749
    TOWERS WATSON & CO CL A 6,989 8,093
    UNITED THERAPEUTIC CORP 2,719 3,759
    UNIVERSAL HEALTH SVCS 5,116 5,855
    UNTD RENTALS INC 0 0
    VALMONT INDUSTRIES INC 0 0
    VANGUARD FTSE DEVELOPED MKT ETF 1,101,867 1,029,078
    VANGUARD FTSE EMERGING MARKETS 601,683 476,192
    VEEVA SYSTEMS INC CL A 2,246 2,337
    VERINT SYSTEMS INC 4,620 3,123
    WABTEC INC 9,638 8,108
    WHITING PETROLEUM CORP NEW 0 0
    WILLIAMS SONOMA INC 9,847 7,652
    WISDOMTREE TRUST EUROPE HEDGED 401,132 395,019
    WUXI PHARAMATECH CAYMAN INC 0 0
    WYNDHAM WORLDWIDE CORP 6,644 6,030
    XL GROUP PLC SHS 0 0
    YELP INC 0 0
    YY INC UNSPONSORED CL A ADR 5,404 5,247
    ZULILY INC CL A 0 0

    TY 2015 InvestmentsOtherSchedule2
    Name:
    WILLIAMS FAMILY PRIVATE FOUNDATION
    EIN:
    27-2203213
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARES EUROPEAN REAL ESTATE AT COST 81,290 72,367
    CUSHING MLP TOTAL RETURN FUND AT COST 80,594 51,035
    KAYNE ANDERSON ENERGY DEVELOPMENT CO AT COST 83,381 60,617
    KAYNE ANDERSON ENERGY TOTAL AT COST 81,800 40,055
    NEUBERGER BERMAN MLP INCOME FUND AT COST 80,732 45,525
    SALIENT MIDSTREAM & MLP FD AT COST 83,000 42,971
    STRATEGIC VALUE SPECIAL SITUATIONS AT COST 165,905 143,403
    TORTOISE MLP FUND INC AT COST 85,143 72,981
    US COMMODITY INDEX FUND AT COST 0 0

    TY 2015 OtherDecreasesSchedule
    Name:
    WILLIAMS FAMILY PRIVATE FOUNDATION
    EIN:
    27-2203213
    Description Amount
    BOOK VALUE BASIS CORRECTION 1,400


    TY 2015 OtherIncomeSchedule2
    Name:
    WILLIAMS FAMILY PRIVATE FOUNDATION
    EIN:
    27-2203213
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    UNITED STATES COMMODITY INDEX FUND -11,004 -11,004 -11,004
    STRATEGIC VALUE SPECIAL SITUATIONS FEEDER FUND III, LP 5,417 5,417 5,417


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    WILLIAMS FAMILY PRIVATE FOUNDATION
    EIN:
    27-2203213
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 97,681 97,681   0
    ARES EUROPEAN REAL ESTATE (CAYMAN) FEEDER FUND IV, L.P. 6,382 6,382   0
    BLUE MOUNTAIN CREDIT ALTERNATIVES FUND LTD. 13,033 13,033   0


    TY 2015 TaxesSchedule
    Name:
    WILLIAMS FAMILY PRIVATE FOUNDATION
    EIN:
    27-2203213
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 5,527 5,527   0
    FEDERAL ESTIMATED TAXES 82,000 0   0